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| AUGUST 31, 2004 |
Shipping News
- Inside BT with better coverage
DEAR Reader, This is the last issue of Shipping Times in this format.
- UK rediscovering canals to take pressure off roads
BRITAIN's network of navigable canals, the liquid highway of England's industrial revolution, is being revived after decades of disuse to help relieve commercial congestion on British roads.
- PSA Int'l keen on more China investments
PSA International will continue to seek out new investment opportunities in China's port projects, despite being a little late in moving into China.
- Indian truckers call off strike over tax
INDIAN truckers have called off their week-long strike to protest against service tax after reaching an agreement with the government, the Finance Ministry said.
Air and Land Transport
- Airbus plans new version of A330 to take on Boeing's 7E7
AIRBUS, the world's biggest planemaker, plans to challenge Boeing Co's 7E7 airliner, the US company's first new plane in 15 years, with a longer-range version of the A330 model, said people familiar with the project.
- Heads to roll at BA after Heathrow delays chaos
- New terminal for Ho Chi Minh airport
- Thai Air fills more seats in July
- Jet Airways plans Dhaka service
- Will this idea fly?
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- HK, PRC liberalise trade futher through Cepa II agreement
- Guizhou to build five water transportation passages
- PSA loses USAC in Singapore
- Maersk profit rises
- Air Cargo drives economic development, says TIACA
- Dnata improves perishables handling
- Air Canada restructuring plan approved
- PAL appoints new president
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| AUGUST 31, 2004 |
- Maersk Sealand upgrades transpacific eastbound service offerings
- Lloyd Triestino to launch new BSS intra-Med service linking Taranto with Black Sea
- ECU-Line to/from Harare
- CSCL’s first half net profit soars to 1.5 bn yuan
- Zim changes name
- MOL introduces Haiphong-Hong Kong service
- "K" Line to expand fleet
- OOCL obtains ‘Ship Agent’ status in China
- Vessel carrying rice cargo to Somalia sinks near Jakhau coast
- G8 to impose 5-stage rate increases starting October
- EU dumps dumping duty on stainless steel wires
- Edible oil import bill shoots up to Rs 11,209 cr.
- Plastic council plans warehouse centres in US
- Cotton importers seek Indian arbitration
- Now, Directorate-General (Ports) in offing
- MbPT invites bids for maintenance dredging, to appoint engg consultant
- Raging fuel prices fail to burn up cargo traffic growth—IATA chief
- CONCOR commences weekly service from ICD-TKD to Mumbai Port
- Forex reserves declined by $ 14 million to $ 1,19,322 million
- Lift bar on house-stuffing, plead tea exporters
- NFTP may set export targets still higher to net 1.5-2 pc share of global trade
- Small exporters, farm sector may get maximum incentives
- Norms for import of rough marble blocks amended
- Rajasthan plans second SEZ for jewellery exports
- Garment exporters’ plea for SEZ in Haryana
- DCI gets 7 EoIs for JV proposal
- Menlo to expand India coverage with more offices & service offerings
- NFTP to be available on 3 websites today
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| AUGUST 30, 2004 |
- Former FAMM trader joins Bominflot UK
- Korean operations resume as Chaba heads for Japan
Operations resume in South Korea's main bunkering pots as typhoon heads towards western Japan.
- Shanghai traded volumes slip 70% in four days
Power companies and traders express concern over fuel oil exchange's liquidity sustainability over long-term, reports claim.
- Tanker shortfall exacerbates tightening Singapore avails
High 'cross harbour' freight rates, tanker shortages and shipowners' preference for long-haul voyages adding to key Asian port's availability problems.
- Bunker operations suspended in Busan, Ulsan
The anticipated arrival of Typhoon Chaba, the third tropical storm to hit the region in recent weeks, forces bunkering suspension.
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| AUGUST 30, 2004 |
- Weak dollar and offshore markets temper AP Møller – Mærsk’s results
- Marnavi in KG deal
- Greek-flag crude oil tanker hits New Orleans ferry terminal
- IHC Caland yard sale in Q4
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| AUGUST 30, 2004 |
- Austal to bid on amphibious ships
- $197 million contract for Newport News
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| AUGUST 30, 2004 |
- Asian building products VIPs in Seattle for gateway program
- Terry Glucoft retiring from Schnitzer Steel
- Radix Marine awards manufacturing contracts
- International Trade Commission
wants input on logistic services
- "K" Line orders first solely owned LNG carrier
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| AUGUST 31, 2004 |
- Evergreen in line to order 9,000 teu ships from CSBC
TAIWAN’S Evergreen Marine, one of the world’s largest container shipping companies, is in talks with compatriot shipbuilder China Shipbuilding Corporation over an impending order for a set of 9,000 teu class ships.
- Transpetro’s $1.2bn tanker bonanza ignites Brazil’s yards
TRANSPETRO president Sergio Machado has lifted the lid on a tantalising $1.2bn tanker order designed to reactivate the shipbuilding industry in Brazil.
- Yemen sentences Limburg bombers
FIVE al-Qa’eda supporters responsible for bombing the tanker Limburg in October 2002 have been sentenced to 10 years in jail by a Yemeni judge.
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| AUGUST 30, 2004 |
- Rotterdam port chief resigns
CEO Willem Scholten stepped down after it was learned that he engaged in financial deals that could cost the port authority $120 million.
- China awards railway contracts
- APM Terminals awards crane pact
- ITC to probe foreign logistics markets
- WTO upholds ruling on Canadian Wheat Board
- Israel, Vietnam sign trade pact
- Iraq's first post-Saddam trade fair set for December
- Rail union poised to merge with Teamsters
- Taiwan-China trade soars
- Indian truckers end strike
- India may cut some export subsidies
- China edges toward e-trade
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| AUGUST 30, 2004 |
- Financial blunders see Rotterdam’s Scholten resign
Rotterdam Port Authority CEO Willem Scholten (60) has this afternoon resigned following financial blunders that could cost Rotterdam €100 (US$120.58) million.
- Panama Canal reviews box charging system
The Panama Canal Authority (ACP) has raised the prospect of further increases in the cost of transiting the waterway for containerlines.
- Pearl River partnership aims to feed hungry MLOs
Barge operator Sun Cypress (SC) has entered into a partnership with CMA CGM and Macau Port in a bid to capture growing Pearl River Delta (PRD) cargo volumes.
- Third 2004 rise for SE Asia/Australia trade
- Congestion still the key to South Africa’s port growth
- Sugar and Soya season clogs Santos’ arteries
- Canadian intermodal shipments surge
- OOCL orders four more ships
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| AUGUST 30, 2004 |
- Fesco numbers surge
Russian owner grows first-half profits despite increased docking and crew costs in second quarter.
- IHC Caland on the up
Dutch group posts higher profit figures as sale of shipyards progresses.
- Dutch owners eye ferry deal
Wagenborg and Doeksen close to winning 15-year state contract for island transport.
- SCI denies cable damage
Indian owner says Sri Lankan web connection not severed by one of its vessels.
- Bourgas bursts at seams
Bulgarian yard uses construction firms to help with workload after reaching full capacity.
- India Steamship plots expansion
Calcutta tanker owner earmarks more than $200m to increase fleet size to seven or eight vessels.
- Sado cutting losses
Japanese ferry owner has better first half, but doesn’t expect to pull out of red this year.
- Yang Ming grows again
Taiwanese boxship owner continues to make money from strong markets.
- Sincere navigates to profit
Profits and revenues double in first half for Taiwanese bulker owner.
- Daewoo raises energy levels
Korean shipbuilder plans to expand into the energy business to boost income by 2015.
- HUBLine piles on the profits
Malaysian intra-Asian boxship operator sees third quarter profits almost double on a year ago.
- Astro Altair hits ferry terminal
Kristen Navigation aframax ploughs into New Orleans ferry landing after loss of steering control.
- Rates lift PDZ Holdings
Higher freight rates and lower operating costs help Malaysian boxship player return to the black.
- Limburg five found guilty
Yemen court sentences men to ten years in jail for terror attack on former Euronav VLCC.
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| AUGUST 30, 2004 |
- DFDS with a better first half than last year
DFDS Group got a better first half of 2004 that the similar period in 2003. Revenue was up 14 per ...
- Thin margins for Color Line
Norway’s biggest ferry operator Color Line produced very small margins in the first half of 2004, despite higher turnover and ...
- Damen prepares for personnel cuts and shiprepair yard closures
Dutch Damen Shipyard Group is negotiating layoffs of over 220 employees at the shiprepair facilities in Rotterdam. The action could ...
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