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| AUGUST 27, 2004 |
Shipping News
- S'pore set to host global marine insurance meet
SINGAPORE's moves to attract more ancillary maritime services will get a boost when the foremost global platform of the marine insurance industry holds its annual convention here for the first time.
- Aker Yards' Q2 profits dive 78% on poor sales
AKER Yards AS, Europe's biggest shipbuilder, said second-quarter profit plunged 78 per cent as the company completed fewer cruise ships and vessels to serve the offshore oil and natural-gas industry.
- Higher steel prices hit Daewoo's July net
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said profit fell 44 per cent from a year earlier last month because of higher steel prices.
- Lanka frees Indian ship held for snapping Internet cable
SRI Lanka has freed an Indian cargo vessel it had suspected of severing the main submarine communication cable linking the island to the rest of the world because of a lack of evidence, the navy said yesterday.
- Maersk first half profit seen up 11.5%
SHIPPING and oil giant A P Moller-Maersk is expected to post an 11.5 per cent rise in half-year net profit excluding special items, thanks mainly to rising freight rates.
- China Merchants to sell tanker business to parent
CHINA Merchants Holdings Co Ltd said it would sell its oil tanker business to its parent for HK$1.31 billion to focus on its ports operations.
Air and Land Transport
- Europe insurers want 'dirty bomb' exclusion
EUROPEAN insurers are proposing excluding from aviation policies certain risks related to attacks that use chemical, biological or nuclear materials, German insurers and airlines said on Wednesday.
- Russian papers blame terror for two plane crashes
- Manila to get US$1m ADB grant
- Delta lenders ask for more time for debt waivers
- Philippine Airlines chief calls it quits
Admiralty Casebook
- Arbitrator's reasons admitted as evidence in appeal
THE Small Claims Procedure of the London Maritime Arbitrators' Association requires parties to an arbitration to waive their rights of appeal, thus making it common for reasons for an award to be 'confidential' and 'privileged'.
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| AUGUST 27, 2004 |
- Solutions sought to ease traffic woes at southern California ports
- Kuehne + Nagel expands in Shanghai
- Long-term lease signed between ITS, Port of Tacoma
- Ship detained for cutting phone cable in Sri Lanka
- Sinotrans reports turnover and profit growth
- Yang Ming to buy four ships
- Record volumes for Port Nelson
- Hurdles remain for US forwarders in China expansion
- Air New Zealand reports slight increase in profit
- Air Canada restructuring plan approved
- BAX to provide services to Raytheon Aircraft
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| AUGUST 27, 2004 |
- 6th LPG carrier joins Varun Shipping fleet
- Vasco Maritime acquires first containership
- Raw cotton exports shoot up
- Fieo healthcare team visits Singapore, Indonesia & Malaysia
- India, Japan to enhance trade ties
- Rice exported to 33 nations from central pool
- Damaged rail bridge stalls box movement from inland container depots to Cochin Port
- Vizag Steel gives land for development of Gangavaram port project
- Cabinet panel gives nod for ICTT at Cochin Port
- Truckers’ strike continues
- DEPB scheme may continue beyond March 31, 2005
- Technology Mission on Cotton gets govt approval
- Govt spending capped at 20 pc of project cost
- KPT box terminal: Bid submission deadline being extended
- IOB launches gold card for exporters
- SEAI awarded ISO 9001:2000 certification
- Cruise tourism major opportunity for India’s marine industry, says Seatrade chief
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| AUGUST 26, 2004 |
- Staatsolie deal for Ventrin shares complete
Trinidad and Tobago bunker supplier Ventrin Petroleum Company confirms Suriname's state oil firm and bunker supplier Staatsolie has bought stake in the company.
- Bunker quality fuel available after refinery hiatus
Stockpiling during summer shutdown complete at Moscow refinery, burgeoning exports of bunker quality fuel oil exports from Russia.
- Tug strike averted, minimal disruption in Piraeus
The Hellenic Refinery in Pireaus goes on strike as tug operators withdraw threat of industrial action
- WFS issued with negative cashflow warning
New York Stock Exchange-listed marine and aviation marketing group World Fuel Services warned over poor earnings per share and operational cashflow equilibrium.
- Joint venture for giant Guangdong terminal project
Construction of 2 million mt oil products storage and blending facilities in Zhuhai set for new partner, reports claim.
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| AUGUST 26, 2004 |
- 40th "Captains Day" in Bremen
- TIS extends order management by less than truckload / full truckload
- US DoT keeps working on motor carrier safety
- Swiss mail order pharmacist builds logistics centre in Halle
- Kodiak expands truck fleet
- Lufthansa Cargo announces job losses
- Port of Tallinn increases Russia transit
- USF Corporation names Bergmann executive VP
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| AUGUST 26, 2004 |
- Concordia and Fortum order panamax tankers
- LT launches new Med service
- EMMF expands in Med
- EC criticises Ukraine canal opening
- Aker results "according to plan"
- HAL fits net cutters
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| AUGUST 26, 2004 |
- Concordia orders ice class Panamaxes at Brodosplit
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| AUGUST 26, 2004 |
- Columbia River sediment subject of two Corps events
- TSA extends Boeing pact until December 31, 2004
- NYK Line subsidiary orders LNG tractors for LA yard
- Corps holding public meeting to discuss Everett rail barge facility
- Customs hits new milestone with 25 CSI member ports
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| AUGUST 27, 2004 |
- Berlian Laju eyes suezmax debut
BERLIAN Laju Tankers is eyeing entry into the suezmax market as part of a $180m-$200m annual fleet expansion over a three-year period.
- Concordia orders product pair
Two panamax product tankers have been ordered by Concordia Maritime of Sweden against long-term charters to Fortum, the Finnish energy group, writes Tony Gray .
- Tax breaks tied to jobs ‘will hurt UK shipping’
THE Chamber of Shipping has strongly rejected trade union demands for shipping tax breaks to be linked to job creation.
- New Shell blow as $1.5bn claim backed
A ROYAL Dutch/Shell subsidiary could be hit with a $1.5bn compensation claim from the Nigerian Ijaw tribe after the country’s senate passed a resolution ordering the company’s Nigerian unit to pay the claim.
- CSCL newbuild skips transpacific and heads for Asia-Europe trades
RAMPANT demand and tempting rates have enticed China Shipping Container Lines to switch the next containership to roll out of Samsung Heavy Industries to the Asia-Europe trade lane, not the transpacific as originally planned.
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| AUGUST 26, 2004 |
- 'Bomb joke' captain deported
DEPORTATION and time already served was the sentence handed down yesterday to the master of a Turkish vessel who joked about having a bomb on his vessel
- Have your say!
HOW many seafarers are scared to report fatigue for fear of the consequences? Have your say to letters@fairplay.co.uk
- Folkestone sold for £11M
SEA Containers has sold the UK south east coast ferry port of Folkestone for £11M ($20M) to a Roger De Haan, owner of Saga, the travel provider for the over-50s
- Union warns P&O on redundancies
THE UK's Rail, Maritime and Transport Workers' union has ‘urged’ P&O Ferries not to act in haste over job losses on its services at Dover and Portsmouth
- Lone Ranger heads for the hills
AMERICAN Ranger, the second ‘high priority’ ship to leave Virginia’s ghost fleet began its final journey this morning to be broken up at Esco Marine in Brownsville, Texas
- China Merchants transfers tankers
CHINA Merchants Holdings is to sell its fleet of seven Aframax tankers to affiliated company China Merchants Energy Transport Investment for HK$1.31Bn ($168M)
- Indian ports feel strike effects
- Aker Yards hit by cruise slowdown
- Adsteam keeps rivals in their place
- Credit boost for Hyundai MM
- Dubai wins Vallarpadam approval
- Korean seafarers call off strike threat
- US-Canada ferry link objections
- Congo relaunches Banana project
- NYK agrees Baoshan bulk deal
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| AUGUST 26, 2004 |
- Miniace sues PMA
The former head of the West Coast employers group is suing for wrongful termination. He seeks more than $1 million.
- South Carolina refocuses port plans
Growth plans have shifted more toward a container port in Jasper County because the planned terminal at a former naval base isn't big enough.
- Flynn again hammers away at port security
- China Shipping profit quadruples
- Dubai Ports wins bid for terminal at Cochin
- Feds to retain control of ILA local
- 8,000-TEU Cosco ship calls Long Beach
- Cuban woman ships self in crate to US
- Sea Containers sells UK port
- Japanese exports declined in July
- COAC shuffles off to Buffalo
- Parent sale clouds Hapag Lloyd IPO plans
- China moves closer to free-trade port areas
- TNT appoints automotive logistics manager
- Tacoma to expand "K" Line terminal
- Delays at Port of Montreal
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| AUGUST 26, 2004 |
- AP Moller lines get into position for W. African growth
An inability for carriers to increase rates in the West African trades has seen Maersk Sealand and its sister company Safmarine re-construct its services with a view to cutting costs.
- Dutch unions plan September protest
Dutch labour, including dockers’ unions, have agreed joint action, planned for September 20, in protest at deteriorating conditions on the day before the government’s annual state of the union address.
- More investors join CP Ships class action
- CSCL chairman: Freight rates will go up by 10%
- NZ lines in early rate rise notification
- SITC to start additional SE Asia and China/Japan services
- Josco orders two feeder box ships from Korean shipyard
- Tycoon Li Ka-shing buys more Hutchison shares
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| AUGUST 26, 2004 |
- This 'joke' bombed
Turkish captain who falsely told Coast Guard of explosives on his vessel is expelled from US.
- Another 'ghost' leaves its haunt
MarAd sends one more James River freighter to Texas breakers.
- USCG tightens up in New York
Restrictions in place around financial district, UN as city girds for Republican convention.
- MOLS-Linien back in black
Danish ferry operator puts a lid on last year’s loss.
- Signs are right for Minoan
Greek ferry operator reduces net losses in tough first half, as operating margins grow.
- Aker Yards in reverse
Norwegian group struggling to convert inquiries into firm orders as profit slumps.
- ASL divvies up
Singapore marine group will pay one-off dividend after clocking 10% leap in profits for financial 2004.
- Toll on a roll
Australian logistics and shipping giant boosted by purchase of New Zealand ferries in year to 30 June.
- Sea Containers sells off more assets
Over-50s specialist De Haan picks up Folkestone port for $20m.
- NEMI braced for more business
Ivar Williksen all smiles as S&P rating boosts prospects for fledgling Norwegian insurer.
- Norwegian yard orders soar
New business jumps by 500% in the first eight months of 2004.
- HMM books another box trio
Korean owner picks Hyundai Heavy Industries for 4,700-teu transpacific series.
- Namura starts in the black
First quarter result positive at Japanese yard as revenues grow.
- China Merchants offloads aframaxes
Hong Kong-listed company selling tanker arm to parent to allow it to focus on its port operations.
- Concordia inks panamax pair
Swedish ship owner teams up with Finland’s Fortum to order two tankers at Croatia’s Brodosplit.
- MTM tanker aground
Laden chemical and oil carrier Chembulk Singapore runs into trouble off the coast of Yemen.
- Wan Hai edges higher
Taiwanese boxship owner continues to build profit in 2004.
- IG Metall says Nein!
Civilian shipbuilding is threatened by the ThyssenKrupp-HDW yard merger, say German unions.
- Horizon buys more boxes
The US Jones Act container line is investing in an additional 900 new high-cube reefer containers.
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| AUGUST 26, 2004 |
- Horizon Lines orders 900 additional refrigerated containers
- Maritime Administration will host short sea meeting in New York
- Geest North Sea Line names Swaak operations director
- Lloyd Triestino launches new intra-Mediterranean service
- Cuban woman ships herself to U.S. in hold of cargo plane
- TSA picks L-3 technology for in air cargo screening trial
- U.S. Customs interdicts Mexican aliens, contraband
- Food prices in India rise as truck drivers strike
- USDA increases treatment requirements for northern Mexico lumber
- MOL Logistics subsidiary begins operations in Shanghai bonded zone
- Evergreen Helicopters wins $6.7 million Navy cargo delivery contract
- GeoLogistics names Liese manager for Arabian Gulf
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| AUGUST 26, 2004 |
- Scandlines retains route on new terms
Scandlines is to continue sailings on the route from Spodsbjerg to Taars (Langeland to Lolland) after a bidding round, where ...
- Concordia orders ice-strenghtened Panamaxes for 10-year charters to Fortum
Concordia Maritime has on behalf of a consortia, 50 per cent owned by Concordia, ordered two 75,000-DWT Panamax product ...
- Crisis is over in Stolt-Nielsen
The crisis is finally over for the hard hit Stolt-Nielsen group, but the head of the group and its ...
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