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| AUGUST 30, 2004 |
Shipping News
- Johor Port chalks up 11% rise in cargo handling
JOHOR Port Bhd continued to show steady growth for its half-year performance, recording an overall 11 per cent increase in cargo handling or 13.9 million tonnes of cargo handled for the period of January to June 2004.
- Maersk-Sealand's profit soars
THE world's largest shipping group, AP Moller-Maersk, has benefited from the container industry's rising volumes and higher freight rates which more than doubled the net profits from its container division as it reported a 6.8 per cent rise in overall 2004 interim profits.
- Cosco mega-ship calls at Long Beach
CHINA's largest container vessel, Cosco Long Beach, has arrived at the Port of Long Beach, the biggest on the western US coast, after a 17-day maiden trans-Pacific voyage starting from Xiamen city, south-eastern China.
- Peru aims to be a major Pacific trade hub
PERU aims to unveil a US$250 million container terminal by 2009 to revamp its ageing, congested ports and become a major trade hub in the Pacific, the National Port Authority said last week.
- Tauranga's profit up
PORT of Tauranga, New Zealand's biggest export port, increased its full-year profit 8 per cent as it shifted more containers and coal.
Air and Land Transport
- Boeing-Airbus rivalry in Asia-Pacific heating up
THE rivalry over Asian skies between US giant Boeing Co and European rival Airbus is heating up as premium airlines boost their long-range fleets and prepare for the arrival of super jumbos.
- Explosives on board: air security's weakest link
- BA launches inquiry into flight cancellation chaos
- THAI to take delivery of Airbus planes
- EVA Air shares rise on Q2 profit, fall in fuel prices
- China Southern makes first move to joining SkyTeam
Ship Sales
- Ship Sales
PRICES continue to move upwards, especially for modern tonnage, and a couple of Aframax tankers which are reported sold illustrate the point.
Liner Scene
- Tell-tale warning signs in boxship results
INTERNATIONAL container shipping carrier CP Ship's misfortunes turned out to be somewhat worse than expected with its restated financial results, trimming some US$41 million off profits.
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| AUGUST 30, 2004 |
- G8 to impose rate increases starting October
- Chinese government outlines plans for Yangtze River Delta
- Port of Tauranga profit and volume up
- Houston names head of new environment division
- Truck strike in India worsens
- Piracy alert raised in SE Asian seas
- PPC provides wireless access to customers
- Cargo traffic continues to grow despite fuel prices: IATA
- Energy prices effect UAL's results
- Dragonair names new marketing manager
- TSA tests explosives detection systems
- AA, Swiss to co-ordinate NY-Zurich schedules
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| AUGUST 30, 2004 |
- Singapore sees scope for India Incorporated’s investments, tie-ups in clinical fields
- Exim Bank LoC to Hungary
- Exports are full of spice & everything that’s nice
- TEA, SFS join hands to set up warehouse in Antwerp
- Tuticorin-Colombo ferry service MoU deferred
- Road transporters end strike
- Textile export bodies re-positioning for post-quota regime
- Subsidies on rubber exports to be cut by 50 pc
- Foreign Trade Analysis: Current Policy & Procedures
- CII organising seminar on ‘Indo-Latin America - Emerging Business Opportunities’ on September 1
- Meeting on ‘Sales tax amnesty scheme’ tomorrow
- Fieo to hold more awareness programmes for exporters in western region
- PM to lay foundation stone for ICTT at Cochin Port
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| AUGUST 27, 2004 |
- Asia-bound arbitrage bookings reach 4 million tonnes
- Calyon to offer hedging out of Singapore
French investment bank outlines plans to establish Singapore-based team to trade and hedge Asian oil and oil products.
- Bominflot MD announces retirement
- ULCC delay spells trouble for bunker market
Delay of ULCC TI Europe's 420,000 mt arbitrage cargo into Singapore set to prolong gloomy fundamentals in Singapore's bunker market.
- Singapore: New double-hull to be operational by year-end
Singapore independent expectes new-build double hull to be operational before the end of the year.
- Tasman Spirit report: Karachi depths are wrong
An independent report into the Tasman Spirit accident which resulted in Pakistan's worst oil spill, has alleged that the declared depth measurements in the port of Karachi are wrong and are a danger to shipping.
- PMSA calls for support over emissions bill
The Pacific Merchant Shipping Association (PMSA), has called for support in lobbying California state governor, Arnold Schwarzenegger to veto Assembly Bill (AB) 2042, which would place a limit on air emissions in the ports of Los Angeles and Long Beach.
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| AUGUST 30, 2004 |
- Unisys installs operations systems at Guangzhou Airport
- KZN budgets ZAR 1.38 billion for road network
- Barloworld Logistics announces major Illovo Sugar deal
- M&M China: new blocktrain from Xingang to West
- Tiger Airways to start flights to Thailand in September
- Oeresund bridge more traffic -but still in the red
- Nggula to head SAA?
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| AUGUST 27, 2004 |
- "K" Line orders LNG ship
- NYK lands Baoshan contract
- NYK tests wind power on PCTC
- Russian order for Aker
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| AUGUST 27, 2004 |
- Navy seeks CJR vessel
- $27 million Navy contract for Electric Boat
- Kvaerner Masa wins order for Arctic box ship
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| AUGUST 27, 2004 |
- Corps has new guidelines for wetlands mitigation
- Run of positive weeks continues for U.S. rail freight
- Spokane International Airport has good passenger month in July
- Port of Olympia holding tours as part of Harbor Days celebration
- Electric Boat wins modification of Navy submarine contract
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| AUGUST 30, 2004 |
- US ports in security cash crisis
UNITED States ports have no strategic plan or threat analysis and there is not enough funding to protect US maritime infrastructure from terrorist attacks, John Lehman, a member of the federal September 11 Commission has warned.
- Sea marshals on standby for Malacca Strait
SINGAPORE and Malaysia are holding talks on placing sea marshals on merchant ships transiting the Malacca Strait, to guard against the threat of maritime terror.
- Profits power AP Møller-Maersk towards record year
DANISH shipping and energy giant AP MMøller-Maersk is powering towards a record year on the strength of bumper profits from container transport and the very robust tanker market over the summer, writes Janet Porter.
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| AUGUST 27, 2004 |
- Transnet board replaced after loss
THE entire management board of Transnet, South Africa's state-owned transport organisation, was swept aside and replaced this afternoon after reporting a loss of R6.3Bn ($940M) for the year
- Iraq's oil industry in confusion
CONFUSION, often as thick as the black smoke from a blazing pipeline, surrounds the state of Iraq’s beleaguered oil industry
- Miniace sues PMA over payments
JOSEPH Miniace, the former CEO and president of the Pacific Maritime Association, has filed a federal lawsuit alleging that his employment was terminated without cause
- Samskip looks to expand in Scotland
SAMSKIP, the Icelandic shipping and logistics group, has opened a Scottish office and is looking to introduce a direct port call, possibly at Aberdeen
- More boxes leaving port by rail
FREIGHTLINER, the UK’s largest mover of marine containers by rail, has given a clear sign that an increasing number of containers are being transported by rail
- DFDS back in the black
DANISH ferry operator DFDS posted a strong performance in the first half, with pre-tax profit up by DK41M to DK22M ($3.5M)
- AP Moller raises forecast
- Ferry traffic worries Cherbourg
- Dubai Ports strengthens position
- ASA identifies coastal freight haemorrhage
- Gas release under investigation
- SCI ship cleared of charges
- Politicians express merger fears
- India to set up new ports directorate
- China extends bonded zones to ports
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| AUGUST 27, 2004 |
- PMA turns tables, sues Miniace
Two days after the former president sued the employers group, the Pacific Maritime Association fired back with a suit alleging a conspiracy to commit insurance fraud.
- A.P. Moller profit rises
The world's largest shipping company said earnings increased 6.8 percent in the first half.
- FMC proposes fee changes
- NYK Line debuts all-water Asia-Gulf service
- Taiwanese port wins right to mainland China shipping
- Conference to raise eastbound rates to India
- KLM venture targets Indian pharmaceutical shippers
- Hong Kong, China expand free-trade pact
- UPS to use hydrogen fuel cells in trucks
- Rising fuel costs hit American Airlines
- Flynn again hammers away at port security
- South Carolina refocuses port plans
- 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
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| AUGUST 27, 2004 |
- Investments will see APM move to a higher plane
A conservative AP Moller could be under-estimating its projected full year returns according to one analyst who expects the company to drive on to a higher level.
- ISPS charges hit ANZ trade
The first International Ship and Port Facility Security (ISPS) Code charges in the Australasian trades will be levied by the Europe to Australia and New Zealand Conference and its northbound equivalent.
- First half returns steer AP Moller towards bumper year
- Jurong benefits as UASC talks with PSA Corp fail
- Japan to spend more to raise competitiveness
- Tauranga boosted by rising volumes
- German cities sign intermodal collaboration deal
- K Line seals Tacoma terminal switch
- Sacked Miniace sues PMA
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| AUGUST 27, 2004 |
- Boxes boost AP Moller
Danish giant has increased first-half profit as its containerships brought home the bacon.
- V Ships KG firm picks up fifth ship
Italian owner Marnavi finances chemical tanker with AL Ships.
- DFDS turns it around
Danish ferry and ro-ro operator survives price pressure to pull out of red in first half.
- Blystad buys again
Norwegian owner Arne Blystad has snapped up a 133,000-dwt bulker from a Korean owner.
- Nepline plans shopping spree
Malaysian tanker and bulker owner will look to buy vessels at the end of the year after racking up a profit.
- Back in the USSR
Arctic ship for Norilsk could be springboard back into Russian market, says Aker Yards.
- Kenya scraps ferry tender
Review board finds irregularities in bidding process for yards to build two coastal ships.
- Tokai stuck in red
But Japanese ferry owner manages to reduce losses in first half of 2004.
- K Line inks LNG newbuilding
Japanese owner orders gas carrier on back of decade-long charter from US energy trader.
- Fjord Line solves Lygra problem
Norwegian owner sells and charters back ro-ro after failing to win state tax break.
- Cash tills ring at U-Ming
Taiwan’s bulker owner ups first half profit by 460% in a strong market.
- Sasebo rebounds
Japanese yard puts last year’s losses behind it with profitable start to fiscal year.
- NYK seals Baosteel deal
Japanese owner concludes second long-term iron ore transportation deal with China steel giant.
- About face at Global Carriers
Excluding exceptionals Malaysian shipowner sees major improvement in underlying performance.
- Adsteam inches ahead
Profits improve at Aussie towage and ports group despite competition and currency pressures.
- TOP gets Restless
It’s six down and four to go as Greek owner takes delivery of another Sovcomflot handymax.
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| AUGUST 27, 2004 |
- Grand Alliance restructures pendulum service
- NYK signs 12-year bulk transport contract with Baoshan Iron & Steel
- WITASS carriers plan rate increase
- DHS whittles contractors developing missile defense for airliners
- Menzies names Fordree GM commercial U.K. cargo
- Menlo Worldwide to expand presence in India
- GAO blasts Navy for inadequate parts supply management
- COAC to meet in Buffalo
- TNT Logistics names manager for automotive logistics
- North Carolina ports authority names Eager CEO
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| AUGUST 27, 2004 |
- Oil transport in Barents Sea worries the UN
The increased exploration activities in the Barents Sea is a potential threat to the Arctic ecosystem, according to the United ...
- Higher profit and upgrade for the whole year in Maersk group
A.P. Møller-Mærsk managed to earn more money the first six months this year than during the corresponding period last ...
- Notice of strike on Öresund passenger vessel
The Swedish Merchant Marine Officers’ Association has filed a notice of strike from 6 September to the shipping company Rederiet ...
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