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| MARCH 29, 2004 |
Shipping News
- Asia terminal expansions need of the hour
A shortfall in container handling capacity of nearly 14 million TEUs across East Asian ports by 2007 means there is an 'immediate need' to invest in terminal expansion, particularly in China, the head of Drewry Shipping Consultants said recently.
- Liner role in S'pore terminal ops to rise
THE strategy of shipping lines becoming involved in terminal operations will become more prevalent in Singapore, as this trend intensifies across Asia, according to a senior shipping consultant.
- Old warship scuttled to create Europe's first artificial reef
AFTER nearly a quarter century of loyal service, the Royal Navy's warship Scylla was redeployed to the bottom of the ocean to become what organisers said would be Europe's first artificial reef.
Air and Land Transport
- US airports facing over-crowding: study
MORE than 40 US airports will be unable to handle their air traffic by 2020 unless they are expanded, the Federal Aviation Administration says.
- Kuwait Airways privatisation plan gets House panel nod
- More US airlines raise fares to offset rising fuel prices
- Air Canada asked to revise pension plan
Ship Sales
- Ship Sales
THERE is no let-up in the activity in the dry bulk market, especially for handy/handymax tonnage, with plenty of sales and on-going transactions to report.
Liner Scene
- Box imbalance at the heart of liner shipping's troubles
AT last week's Asia Pacific Maritime 2004 Summit, three speakers made convincing cases on the general theme that the imbalance of container flows between Asia and its main trading partners presents the liner shipping industry with one of its biggest challenges.
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| MARCH 29, 2004 |
- Container unit helps drive robust Maersk 2003 performance
- Yuhuai railway to open for business in 2005
- MOL names new president, chairman
- TT Club surplus rises in 2003
- Bailey changes track at Pacer Stacktrain
- CNAC sees cargo growth in 2003
- China Southern's flying college celebrates 10th anniversary
- Menzies lands Lan Peru contract in Venezuela
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| MARCH 29, 2004 |
- Essar Shipping partly insures VLCC abroad
- EEPC-backed Afro-Indian trade meet yields orders worth $ 7 million
- Indo-Chinese JSG holds meeting on economic cooperation
- Anti-dumping duty on ball bearings withdrawn
- Exports of soyameal may total 3 m tonnes
- Dumping duty on imports of Chinese titanium dioxide proposed
- Dumping duty on ammonium nitrate may be withdrawn
- Indo-Lankan trade a record $ 1.3 billion in 2003-04
- BHEL commissions advanced gas turbine in Oman
- India, 3 Saarc members plan uniform food standards
- KoPT introduces concessional wharfage for inland water transport
- Ripley & Co. set to bag Berth No. 5 at Haldia Dock
- Crescent Shipping’s Mumbai office awarded ISO 9001:2000 certificate
- Capexil wants Petrapole LCS converted into land port
- Inflation comes down to 4.78 pc
- 12 pc annual export growth can get India 1 pc share in world trade by 2007: DGFT
- Arun Shourie to speak at BSE today
- Centre alone can enact legislation on LNG, rules Supreme Court
- Strong rupee may hit exports: PHDCCI
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| MARCH 26, 2004 |
- Brazilian market update
- AP Moeller profits up but shares dive on forecasts
Weak dollar and higher bunker cost predictions for 2004 cast shadow over strong results.
- Matrix to launch Guatemalan supply operation
Houston-based supplier aiming to offer viable alterntive to established ports with offshore SBM deliveries.
- Baltic continues to endure slump in demand
Low demand continues to plague most suppliers in the Baltic region
- New Wilhelmsen Bunkers office up and running
The global bunker broker and trading company Wilhelmsen Bunkers AS has confirmed that its new office in South Africa is up and running.
- Indian market update
- Blending hold-ups push Singapore delivery dates into April
More congestion expected as cargo blending prevents suppliers' smooth terminal access.
- Rotterdam still strong despite bearish crude movements
- FBI: US Gulf refineries terrorist targets
Texas Coastal Regional Advisory System advised of 'uncorroborated' reports.
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| MARCH 26, 2004 |
- New online service by the Port of London
- F.S. Mackenzie opens office in St Petersburg
- New Zealand's Tranz Rail confirms Huntly coal delivery deal
- Singapore Airlines Cargo to add new USA services
- New vessel for Gorthon Lines
- SAS Group: New structure prerequisite for successful future
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| MARCH 26, 2004 |
- London Club fleet expands
- MEPC set to adopt ship sewage rules
- American Club in Ukraine medical check scheme
- CP Ships’ US$525m credit facility
- TT’s premium earnings slip
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| MARCH 26, 2004 |
- General Maritime swoops on Soponata
Buying fleet , newbuildings and technical operations in $415 million deal
- Perfect summer for Austal medium speed catamaran
Spirit of Kangaroo Island completes its first season
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| MARCH 26, 2004 |
- Oregon congressman helps find federal cash for Portland projects
- Crews report oil sheen in water near The Dalles Dam
- Princess set to christen newest 'Love Boat' vessel
- APL will open own offices serving Russia/CIS
- Construction work changing Port of Tacoma Road traffic pattern
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| MARCH 29, 2004 |
- Box boom fuels Møller-Maersk profit rise but flat outlook hits shares
NET profit growth of 43% achieved by AP Møller-Maersk last year as container shipping recovered failed to satisfy the stock market on Friday, with the dollar’s fall and heavy writedowns leaving the bottom line figure below some expectations.
- Majority of Asian ports ‘will fail to meet ISPS Code deadline’
THE mass of ports in Asia will not meet the deadline for the International Ship and Port Facility Security Code, warns the executive director of P&O Ports Asia operations headquarters, Bryan Smith.
- P&O Ports follows Hutchison surcharge
A SECOND terminal operator, P&O Ports, is to follow Hutchison Port Holdings in its controversial decision to charge customers for additional security measures introduced for the International Ship and Port Facility Security Code, writes Marcus Hand in Singapore.
- General Maritime buys Soponata tanker fleet
PETER Georgiopoulos’ General Maritime has confirmed it is purchasing the tanker fleet of Portugal’s Soponata in a deal worth more than $400m, writes Tony Gray.
- Mangouras lawyers file plea for bail to Human Rights court
LAWYERS acting for Apostolos Mangouras, master of the Prestige, have filed a case with the European Court of Human Rights in a bid to have his strict bail conditions eased, writes Brian Reyes in Gibraltar.
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| MARCH 26, 2004 |
- Soponata falls to GenMar
GENERAL Maritime Corp (GenMar) is to take over Portuguese operator Soponata for $415M
- Gdynia restructure approval Monday
THE revised restructuring programme for Gdynia Shipyard, Poland’s largest shipbuilder, has been given the go-ahead by the Agency for Industry Development
- OMI flags up another MARPOL concern
US-based OMI Corp has admitted there may be further trouble ahead
- Van der Giessen yard site take-over
RUMOURS in the Netherlands this evening suggest that the Van der Giessen-De Noord site is to be taken over by the steel manufacturer Hollandia
- US Northeast truck disruption
TRUCK traffic between Boston and New York will be badly disrupted following a serious accident on Thursday night that could close the busy I-95 for two weeks
- New hope for Karachi Eight
PAKISTAN'S new communications minister says he will treat the case of the 'Karachi Eight' sympathetically
- Mangouras lawyers go to Strasbourg
- Bulker aground off Ft Lauderdale
- CMA CGM confirms Montreal link
- AP Møller posts $4Bn pre-tax profit
- Nenaco fears ferry seizure fall-out
- Senior promotions at MOL
- P&O doubles Vancouver capacity
- Chinese builders blaze new trail
- Courageous officers found guilty
- China tax boost for scrap yards
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| MARCH 26, 2004 |
- Moller profit soars on Maersk results
The parent of the world's biggest container shipping fleet credited rising rates on key liner trade routes.
- MOL names new president
Ashida, 37-year company veteran, takes over for Suzuki, who becomes chairman.
- Tanker crash closes I-95 in Conn.
- Bulker grounded off south Florida
- British Airways plans China expansion
- Lloyd Triestino to launch Euro-Canada service
- S. Korea port gets free-trade zone
- APL security czar urges coordinated anti-terror efforts
- LaGrange new chairman of AAPA
- U.S. developer plans Tokyo air-cargo complex
- Pacer Stacktrain names Bailey as EVP
- USSEC lines hold fuel charge
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| MARCH 26, 2004 |
- Dollar slide fails to check AP Moller-Maersk’s box profits
AP Moller Maersk shares have fallen by 10% following the group’s announcement of a DKr12.96billion net result for last year, up from DKr10.45billion in 2002.
- P&O Ports to blend security costs with terminal charges
- Pondicherry live ammunition discovery raises smuggling fears
- Hanjin Shipping shuffles China-USWC services
- Maersk rides the tide as returns boom
- Malaysian carriers ask for electronic manifest deferral
- Cosco Pacific terminals and containers positioned for 2003 success
- Ex-PONL director joins US IT team
- MOL managers move up
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| MARCH 26, 2004 |
- Stolt-Nielsen launches bond offering
Observers ask if company can achieve desired price a week after ejection from amnesty program.
- Eastwind grounded outside Port Everglades
Salvors fail in first attempt to refloat bulker stuck outside port.
- Genmar seals Soponata deal
Peter Georgiopoulos' growth-minded New York company will boast 51 tankers after $415m cash deal for venerable Portugese owner.
- Simon still in red
Slimmed-down UK ports group posts loss for 2003, following sale of Seawheel ro-ro arm.
- Seabulk racks up full-year loss
But company bullish about new prospects in foreign-flag business.
- Shipping boosts AP Moller
But shares plunge as adverse exchange rates and weaker offshore rates lead to lower than expected result.
- Kiwi union blasts FOCs
Maritime Union of New Zealand claims bulk carriers could become weapons of mass destruction.
- TI time-charters in VLCCs
Pool player takes Saudi tonnage at very strong rate.
- TMT swoops on two more VLCCs
Taiwan buyer on prowl again as company moves in on tanker and LNG tonnage.
- Petronet LNG sinks on debut
Market twitchy over Indian LNG importer's gap in sales.
- Crowley hit by higher costs
US liner and tanker operator increased operating profit in 2003, but expenses rose.
- Ashida steps up at MOL
Deputy president (right) becomes the boss, as Kunio Suzuki takes chairmanship.
- Tosmare moves into shipbuilding
Latvian yard hoping to finish first two fully equipped vessels this summer.
- NOL to sell ship chandler firm
Singapore shipowner offloading Orient Marine as it looks to concentrate on liner and logistics.
- Price is right for Hornbeck
US offshore shipowner prepares to pocket $78m from IPO on New York exchange.
- CP Ships confirms new credit
Five-year loan facility to fund possible acquisitions at boxship group.
- DSME lifts profit
February proves to be better month for Korean shipbuilder Daewoo's earnings.
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| MARCH 26, 2004 |
- Maersk sees $2.9 billion profit as container shipping earnings soar
- Hanjin adds transpacific service, reshuffles links
- MOL appoints Ashida group president
- Bush Administration urges Senate approval of Law of Sea treaty
- CMA CGM, Lloyd Triestino enter Montreal/North Europe trade
- Lloyd Triestino, CMA CGM amend Adriatic Express service
- Nordana leaves joint Mediterranean/Caribbean/South America link
- Neptune Orient Lines sells stake in Singaporean ship agent
- U.S.-flag Great Lakes carriers oppose IMO ballast convention
- Pacer names Rossi to lead sales
- U.S. defense transport planners look 3 years out for Iraq, Afghanistan
- U.S. millers want continued use of methyl bromide
- ILA, U.S. Maritime Alliance agree on six-year pact
- USTDA awards $525,000 grant for Honduras port modernization
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| MARCH 26, 2004 |
- Profit up - shares down for Møller-Maersk
The shares in A.P. Møller-Mærsk Limited fell today in the minutes after the account for 2003 was send to ...
- Wärtsilä MD still detained
Yesterday, the West Sweden appeal court ruled against an appeal from the MD of Wärtsilä Sweden. He is suspected of ...
- J. Lauritzens show first black figures in years
J. Lauritzen Group came out of 2003 with black figures for the first time in five years! The group logged ...
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