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| JUNE 29, 2004 |
Shipping News
- Call for urgent Indon action to curb piracy
URGENT action by the Indonesian Navy is needed following a surge in violent pirate attacks in the northern Malacca Straits, the ICC International Maritime Bureau said ahead of its two-day piracy and maritime security conference in Kuala Lumpur this week.
- Forum to ensure safer waterways urged
COOPERATION among South-east Asian countries is helping stamp out terrorism in the region, but greater efforts are needed in many areas, such as ensuring that ships are safe, senior regional officials said.
- Indian govt clears Maersk-Concor deal
WITH the dust settling on the Indian general election, the winning Maersk-Concor bid has finally been given the green light by the shipping minister for the development and operation of the third container terminal at Jawaharlal Nehru Port .
- Philippines struggling to meet ISPS requirements
WITH only two days to go before the July 1 imposition of the new International Ship and Port Security Code, not a single Philippine port has fully complied with the requirements and only 67 per cent of ocean going Philippine vessels have been issued international security certificates.
- Hyundai Merchant coal carrier runs aground
A Hyundai Merchant Marine vessel carrying as much as 160,000 metric tons of coal ran aground about 290 km east of Singapore.
- Ship Prices
LONDON Clarkson plc, the world's largest shipbroker, and shipping companies such as Torvald Klaveness Group plan to start trading derivatives that hedge against secondhand-ship prices after they reached records this year.
Air and Land Transport
- Boeing vows action on Airbus 'subsidies'
THE chairman of US aerospace giant Boeing Co vowed in an interview with the Financial Times yesterday to take unspecified action on European government support for rival Airbus, but said it was in no one's interest to start a trade war.
- It's do or die for UAL
- Air NZ to refurbish 747s to attract premium customers
- El Al suspends Turkey service over security
- Philippines courts Airbus with incentives
- London braces for Tube strike
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| JUNE 29, 2004 |
- Israel sees China as a priority for trade
- Cosco ranked eighth largest listed transport company in China
- Chongqing, Guizhou to jointly build major transport networks
- MITC ISPS code security measures in effect
- Obtaining forwarder licence in China under CEPA made easier
- Chongqing to change Jiulongbo into container port
- HK, Shenzhen airport investment talks founder
- LaGuardia to improve runway safety with cement arrestor beds
- Smith promoted at Atlas Air
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| JUNE 29, 2004 |
- GE Shipping planning to acquire third VLCC
- ...takes delivery of its largest vessel
- Merchant Shipping plays key role as shipping agent in Ennore Port’s first iron ore shipment
- New TAMP guidelines to be legally binding on Ports
- Exim Bank targets Rs 14,000 cr. advances for 2004-05
- Palm oil duty hike awaits price monitoring board’s nod
- WTO chief acknowledges Indian position on farm talks
- Garment exports begin to rise
- Customs duties on crude, products may continue
- AMP of Australia keen to acquire another 4 pc stake in Port Pipavav
- NSICT opens gates for export boxes
- Port Pipavav is ISPS code compliant
- SBI sails into Mormugao Harbour
- Mormugao Port becomes ISPS code compliant
- Saving freight costs, the HPCL way
- Rlys steams off new fiscal with better freight earnings
- Forex kitty dipped by $ 333 million to $ 1,19,345 million
- Inflation rises for 5th week
- ECGC to enlarge scope to cover domestic trade
- Kamal Nath calls for time-bound marketing plans to achieve quantum jump in exports
- ...sets GJEPC a more glittering export target
- Forex reserves swell by $ 587 m
- MoS seeks Rs 25 cr. budgetary support for Sagar Mala facilities
- Customs duty on capital goods required for key sectors may be pruned
- State to earmark Rs 100 cr. to acquire land for international cargo hub at Nagpur
- US working on X-ray gadget for containers
- Oilseeds workshop, bran oil seminar on July 2 and 3
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| JUNE 28, 2004 |
- LA refinery 'upset' prompts price spike
Prices climb by around $10 pmt as avails tighten on the back of unexpected halt in refinery resupply.
- ARA facing 'big problems' as newbuilds arrive
Ironically, the rush to prepare for future double-hull requirements could cause severe overcapacity towards the end of 2005, barge operator predicts.
- New appointment for Tomen Toyota as agent retries
- Gibraltar: Quiet start to week aides prompt supply
- O.W. Bunker announce changes in Denmark, Singapore
- Supplier exits sluggish Colombo market
High freight rates and port costs prohibiting Sri Lankan bunker players from exploiting geographical location.
- Chinese absence stalls August arbitrage take-up
Predictions of continued weak Chinese demand sees fewer traders take up potentially lucrative arbitrage opportunities, say traders.
- Singapore: Tougher regulations mean protection for buyers
Because of its problems with corruption in the past and subsequent clean-up programme, Singapore now acts as a model for other major bunker ports to follow.
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| JUNE 28, 2004 |
- Viewlocity for Patrick Ports and Wallenius Wilhelmsen
- EU institutes investigation at London Heathrow
- Wilson Logistics NZ moves into Auckland Airport Park
- Iran: exporters' presence not mandatory for customs formalities
- Air France to expand "Dedicate" services
- Port of Lübeck boosts throughput
- European Logistics Association appoints new president
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| JUNE 28, 2004 |
- ISPS compliance rises
- UK detains four ships in May
- Panama ports booming
- Stolt-Nielsen faces new legal challenge
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| JUNE 28, 2004 |
- MAN B&W introduces new common rail medium speed diesel
MAN B&W is now offering a new medium-speed, four-stroke marine engine, the 32/40CR, featuring common rail fuel injection
- EU moves forward on marine emissions
Council endores draft directive on marine fuel sulphur
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| JUNE 28, 2004 |
- Coast Guard gears up for July 1 security deadline
- MTC taps Don Wylie as executive vice president
- Washington State Ferries offers Fourth of July information
- DHL spending $1.2 billion on North American upgrades
- Kuo-Cheng Chang new head of Evergreen Marine Corp.
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| JUNE 29, 2004 |
- Panama hits back at its critics over ISPS delays
UNDER fire from shipowners, maritime lawyers and class societies, the Panama Maritime Authority has laid out its defence against heavy criticism of its implementation of the International Ship and Port Facility Security Code.
- Piraeus will miss deadline despite Olympic clampdown
PLANS to turn Piraeus into one of the most heavily-guarded ports on earth will not prevent the Greek port from becoming one of the highest-profile organisations to flunk compliance with the International Ship and Port Facility Security Code, it has emerged.
- We want access to our profit, frustrated names tell Lloyd’s
NAMES are lobbying Lloyd’s after realising they may be unable in 2005 to retrieve some of the profits they have made since the insurance market turned the corner.
- Record tumbles as boxship orders exceed 50% of existing capacity
INVESTMENT in containerships has smashed yet another record, with the total orderbook now standing at well in excess of 50% of existing cellular capacity.
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| JUNE 28, 2004 |
- Stelmar board bowing to pressure
DIRECTORS of Stelmar Shipping say they will review options in the wake of the derailed OMI bid. The board "has authorised management and its financial advisors to review strategic alternatives for further enhancing shareholder value," said a statement released today
- FBI warns of flotsam terror threat
HOME-MADE mines may be floating in US waterways, according to an FBI bulletin issued last week and confirmed this morning by Coast Guard sources
- Think of crew members after 1 July
CREWS of ships visiting ports in the heightened maritime security environment after 1 July should be viewed as partners and not threats, says the IMO
- SSOs prepare for questioning
SECURITY officers on foreign-flag vessels destined for US ports should be prepared for rigorous questioning on and after 1 July, says US Coast Guard commandant
- Hostage crew men alive
THREE tug crewmen kidnapped by pirates in April are confirmed to be alive by special naval forces, but are still held by Abu Sayyaf terrorists in the Philippines
- Yangtze feeder services risk
UNAUTHORISED or disqualified ships and barges are reportedly operating on China’s Yangtze river, defying a government crackdown and posing a risk to international lines
- US awaits 'mad cow' decision
- Lauritzen Kosan fined
- Spanish seek to build in Italy
- Edinburgh cruise terminal planned
- Korean fleet aiming for Code deadline
- Indonesia: only six ports qualify
- Prestige inquiry revelation
- Camillo Eitzen goes shopping
- Superfast posts encouraging growth
- Inchon terminal opens this week
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| JUNE 28, 2004 |
- Truckers strike slows box traffic
Strike by container haulers hampers operations at Port Newark/Elizabeth; drivers set up picket lines at other ports.
- IMO reports higher ISPS compliance
- FBI warns of maritime terror threat
- Officials sign longshore pact for East, Gulf coasts
- IMO supports strategic sea lanes initiative
- Hong Kong frets over security delays
- United loan guarantee bid rejected
- Dutch gov't. acquires stake in Rotterdam port
- USSEC carriers advise on fuel charge
- Panalpina launches U.S domestic airfreight service
- Maersk gets Iraqi port extension
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| JUNE 28, 2004 |
- ACP re-thinks lane closures after serious delays
Plans to close one lane of the Panama Canal next month have been shelved to avoid severe delays to vessels.
- CP Rail turns to capacity allocation to manage volume growth
Canadian Pacific Railway (CPR) has begun phasing in a rail capacity allocation system to better manage the sharp growth of import traffic from Asia on Canada's west coast.
- EIB agrees EuroMax loan
- Italian forwarder loses fight for survival
- Russian Customs advises Chinese shippers to handle their own cargo
- Inchon opens box berth
- Canaveral appoints former VPA man as CEO
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| JUNE 28, 2004 |
- EU pushes emission cuts
Owners’ operating costs could increase 3% if low-sulfur measures passed.
- Mississippi tug battle drags on
Decision on whether owners were overcharged for tug services could come as late as October 2005.
- Stelmar stung into review
Board goes on the defensive as it promises to examine ways of increasing shareholder value.
- Pacific Basin ready to launch
Trading in latest Hong Kong Exchange debutee set to kick off on 14 July.
- Oligarch buys Russian port
Steel chief Vladimir Lisin extends empire as he ties up Sea Port St Petersburg deal.
- Pride of Aloha arrives in Hawaii
NCL juggles ships to launch first inter-island cruise on 4 July.
- Lauritzen's garbage gaffe
Danish owner hauled before court over rubbish dumping in UK waters.
- Canada probes spill
Authorities investigating tanker over small slick of "oily substance" off Newfoundland.
- Eitzen extends Sigloo stake
Newly listed Oslo shipping company buys out Bergesen stake in LPG ship investment venture.
- New Halim charters pay off
Malaysian owner Halim Mazmin optimistic after placing two boxships with MSC fleet.
- Profit delay for Gdynia
Forecast money-making in 2004 may have to wait until the following year.
- Axel Eitzen in Oslo ding dong
Bell chimes out but trading in newly listed shipping company gets off to a quiet start.
- Sakhalin mulls LNG ships
Tender team says process remains wide open as reconfirmed bids are collected today.
- Third VLCC for GE?
Indian owner reportedly on look-out for another big tanker in strong freight market.
- UK holds Bulgarian bulker
Navibulgar’s Kamenitza among eight ships held in May by British port state control inspectors.
- HMM cape grounds
Salvage operation about to get underway after South Korean bulker runs into trouble near Singapore.
- Stolt says lawsuit ONE-sided
Company disputes claims by defunct New Jersey chemical carrier seeking "tens of millions" in damages.
- Jail for SK boss
Chief executive of South Korean shipping company, Son Kil-seung, gets three years inside.
- MISC forms $1.1bn bond
Huge notes offering brings Malaysian owner cash it needs for AET purchase.
- Fisher sticks with First Lease
UK short sea shipowner signs second sale and charter back deal with New York finance firm.
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| JUNE 28, 2004 |
- IMO reports late improvement in ISPS code compliance
- EU sets sulphur emission limits for ships
- China Shipping deploys first 8,100-TEU giant in Pacific
- OMI buys two more tankers
- CORRECTION:Shiuan-Yu "S.Y." Kuo former chairman of Evergreen America
- DHL to consolidate airport hubs, add regional sort centers
- Delta outsources spare parts logistics to Boeing
- Truckers lash out at port conditions
- Agencies back Corps' plan for Upper Mississippi navigation improvements
- House budget bill for Corps wins praise from inland waterways shippers
- FDA bioterror rules implementation goes smoothly, awaits August test
- Congress prepares to debate Australian free trade agreement
- Seafood importers warn against tariff on imported shrimp
- Importers reminded to adhere to 2004 textile quotas
- Dutch government approves, helps finances Rotterdam mega-terminal plan
- Maersk, Concor consortium "preferred bidder" for Mumbai terminal
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| JUNE 28, 2004 |
- Torm buys secondhand product carrier
Dampskibsselskabet Torm from København has purchased a five year old product carrier for a sum of USD 32 million (EUR ...
- PGS flags out eight vessels
Petroleum Geo Services (PGS) will flag out eight of the company’s specialised seismic vessels to the Bahamas. The vessels are ...
- Norwegian government stops North Sea strike
An all-out strike on all production facilities on the Norwegian Continental Shelf was averted last week when the Norwegian ...
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