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Shipping News

HK volumes seen rising, but operators seek cost cuts
HONG Kong, the world's busiest container port, is expected to see a rise in throughput this year, but operators are urging the city to cut red tape to help them compete with cheaper ports in neighbouring Shenzhen.
Typhoon delays shipments at Japanese refineries
COSMO Oil Co, Japan's fifth-largest refiner, said high waves caused by Typhoon Namtheun delayed shipments at two refineries in the southwestern prefectures of Osaka and Kagawa.
Talks to end Norway rig strike break down
A Norwegian oil-workers' union and employer representatives failed to resolve a conflict that is delaying drilling of production and exploration wells when they met a mediator on Friday, the employers' organisation said.
Wilh Wilhelmsen posts record profit in Q2
WILH Wilhelmsen Ltd, a Norwegian company that owns half of the world's biggest carrier of vehicles by sea, said second-quarter profit jumped 42 per cent to a record as it transported more cars.
Saudis warn of ban on ISPS violators
OIL giant Saudi Arabia has warned ship operators it will ban from its ports vessels violating the new maritime security laws which came into effect last month, an oil industry source in the Gulf said.
Port Shots
SHIPPING Corp of India, the country's biggest shipping carrier, said profit in the fiscal first-quarter more than doubled after it moved more goods and earned more from business other than transportation.

Air and Land Transport

US mulls auction of take-off times to cut delays
THE US government and airlines are discussing auctions of take-off and landing times as a long-term solution to cut delays at the most congested US airports, Transportation Undersecretary Jeff Shane said.
Brazil's Embraer sees rising jet sales to China as costs fall
EADS doubles H1 net profit to 387m euros
Log Book

Liner Scene

Will port congestions limit growth in liner shipping?
THE liner industry has become blase about its incredibly rapid growth year after year.

web site

Shipping News

HK volumes seen rising, but operators seek cost cuts
HONG Kong, the world's busiest container port, is expected to see a rise in throughput this year, but operators are urging the city to cut red tape to help them compete with cheaper ports in neighbouring Shenzhen.
Typhoon delays shipments at Japanese refineries
COSMO Oil Co, Japan's fifth-largest refiner, said high waves caused by Typhoon Namtheun delayed shipments at two refineries in the southwestern prefectures of Osaka and Kagawa.
Talks to end Norway rig strike break down
A Norwegian oil-workers' union and employer representatives failed to resolve a conflict that is delaying drilling of production and exploration wells when they met a mediator on Friday, the employers' organisation said.
Wilh Wilhelmsen posts record profit in Q2
WILH Wilhelmsen Ltd, a Norwegian company that owns half of the world's biggest carrier of vehicles by sea, said second-quarter profit jumped 42 per cent to a record as it transported more cars.
Saudis warn of ban on ISPS violators
OIL giant Saudi Arabia has warned ship operators it will ban from its ports vessels violating the new maritime security laws which came into effect last month, an oil industry source in the Gulf said.
Port Shots
SHIPPING Corp of India, the country's biggest shipping carrier, said profit in the fiscal first-quarter more than doubled after it moved more goods and earned more from business other than transportation.

Air and Land Transport

US mulls auction of take-off times to cut delays
THE US government and airlines are discussing auctions of take-off and landing times as a long-term solution to cut delays at the most congested US airports, Transportation Undersecretary Jeff Shane said.
Brazil's Embraer sees rising jet sales to China as costs fall
EADS doubles H1 net profit to 387m euros
Log Book

Liner Scene

Will port congestions limit growth in liner shipping?
THE liner industry has become blase about its incredibly rapid growth year after year.

web site

Shipping News

HK volumes seen rising, but operators seek cost cuts
HONG Kong, the world's busiest container port, is expected to see a rise in throughput this year, but operators are urging the city to cut red tape to help them compete with cheaper ports in neighbouring Shenzhen.
Typhoon delays shipments at Japanese refineries
COSMO Oil Co, Japan's fifth-largest refiner, said high waves caused by Typhoon Namtheun delayed shipments at two refineries in the southwestern prefectures of Osaka and Kagawa.
Talks to end Norway rig strike break down
A Norwegian oil-workers' union and employer representatives failed to resolve a conflict that is delaying drilling of production and exploration wells when they met a mediator on Friday, the employers' organisation said.
Wilh Wilhelmsen posts record profit in Q2
WILH Wilhelmsen Ltd, a Norwegian company that owns half of the world's biggest carrier of vehicles by sea, said second-quarter profit jumped 42 per cent to a record as it transported more cars.
Saudis warn of ban on ISPS violators
OIL giant Saudi Arabia has warned ship operators it will ban from its ports vessels violating the new maritime security laws which came into effect last month, an oil industry source in the Gulf said.
Port Shots
SHIPPING Corp of India, the country's biggest shipping carrier, said profit in the fiscal first-quarter more than doubled after it moved more goods and earned more from business other than transportation.

Air and Land Transport

US mulls auction of take-off times to cut delays
THE US government and airlines are discussing auctions of take-off and landing times as a long-term solution to cut delays at the most congested US airports, Transportation Undersecretary Jeff Shane said.
Brazil's Embraer sees rising jet sales to China as costs fall
EADS doubles H1 net profit to 387m euros
Log Book

Liner Scene

Will port congestions limit growth in liner shipping?
THE liner industry has become blase about its incredibly rapid growth year after year.

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Yantian Port launches customs reforms High demand for space is due to other factors besides GDP growth, says K Line exec Shanghai imports US$6.71 billion from the US during H1 NOL celebrates 35th anniversary CSI implemented in Greece Chiquita relocates western US port operations to Hueneme Atlas Air emerges from bankruptcy Reversal of fortune for Boeing in Q2 US, Indonesia sign open-skies aviation agreement

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GE Shipping's total income up by 38 pc to Rs 417 crore Hecny takes off in India'Seaspeed provides launching pad Peak season surcharge to be imposed on W. Africa-bound cargo Exim Bank extends $ 56-m credit line to myanmar for rail projects ...to launch lines of credit to Asian nations India challenges EU dumping duties on HR coils JNPT to suspend handling of ICD-bound iron/steel scrap import boxes from Sept. 15 MbPT re-instals beacon on Kansa island Major boon for Port users in Goa Measures listed to promote inland waterways in Goa Air traffic growth 'exceeded expectations' in H1 of 2004, says IATA CEO Chinubhai Kalidass & Bros clears 1st air shipment on SIA's inaugural flight from Ahmedabad Govt approves 26 foreign technology collaborations Inflation rate stays steady at 6.52 pc Rubber merchants urge Commerce Ministry to take fresh look at export policy New Pharmexcil ED assumes charge ATCL Container Line celebrates 4th anniversary today

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JULY 30, 2004
Japan's refiners keep tight reign on product Fewer oil imports and refiners reluctance to release excess supplies of fuel oil into bunker market keep sentiment tight in Japan. Yukos offered chance of reprieve Bailiffs give Russian oil champion a new deadline for tax claim. Quiet Baltic stocked up and free of congestion Record US oil imports fails to soothe market The DOE asked whether the highest ever level of crude oil imports to the US were the beginning of a high tide or an isolated incident. ARA market firms with crude but tightness easing Cape Town traders hoping for 'some fuel' next week Fuel oil for the bunker market is due to be released from Cape Town's refinery, but traders are not sure if any will be available for new quotes.

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JULY 30, 2004
Axit extends AX4 functions GCC to conclude free trade deal with EU Swiss Post International poised to open Hamburg branch Otal: Faster via Dakar Boeing delivers new B737-700 to Ethiopian Airlines Strategic partnership between HHLA and Sea-Invest International recognition for Emirates group president

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JULY 30, 2004
Exmar upbeat despite profit dip MGN offers to boost Equasis ABS warship rules authorised Intertanko updates Questionnaire 88

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JULY 31, 2004
B.C. Ferries defends decision to build in Europe

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Maersk Sealand boxships to be 'world's biggest' MAERSK Sealand is lining up a series of containerships that will approach capacity of 11,000 teu. Parent company A P Møller-Maersk has taken the critical step that will trigger construction of the world's first containerships of that size, Lloyd's List has learnt. Asian shippers up in arms at threat of security surcharge ASIAN shippers say they will fight attempts by container lines to impose a security surcharge. High-flyer Boardley to quit P&O THE P&O group is to lose one of its high-flyers, with Tom Boardley leaving the company at the end of August, writes Janet Porter. Plan for Lloyd's 'consolidator' company put on back burner A SCHEME to float a new 'consolidator' company for smaller Lloyd's vehicles has been put on ice for possible revival later in the year. Tanker seizure threatens Mauritius THE Madagascar government has detained an oil tanker headed for Mauritius, casting an immediate and lengthy shadow over its heavily import-dependent neighbour and sparking a flurry of diplomatic manouveuring in a bid to resolve the situation.

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JULY 30, 2004
Watchkeeping rules 'not effective' TIGHTER bridge watchkeeping and lookout regulations have been called for by the UK's Marine Accident Investigation Branch (MAIB) following a study into 65 collisions Geest barges in FRUSTRATED by delays at the port of Rotterdam, Geest has decided to mount its own permanent twice-weekly barge service linking Duisburg and Rotterdam Kerry vows more container inspections US Democratic party presidential candidate John Kerry last night asserted that the container trade would face changes under his administration Feds move to take over ILA FEDERAL authorities are moving to take over the International Longshoremen's Association and hope to achieve this by a massive civil case MSC suspends Trieste calls MEDITERRANEAN Shipping Co has cancelled, for an unspecified time, container vessel calls at Trieste, Italy because of the terminal operator's inefficiencies New longshoremen for LA-LB LOS Angeles and Long Beach are hiring more union members to help clear congestion at the twin ports No Israeli compromise Tata joins L&T to build Dharma Noumea general strike threatened St Petersburg stevedores strike Numast calls for action on fatigue Sardinia-Corsica service suspended Vancouver reaching choke point Port Hedland edges ahead of Dampier Severe punishment for port strikers Ramsgate back on pax ferry map

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JULY 30, 2004
Kerry knocks Bush on port security The Democratic presidential contender left no doubt that his party will continue to make national security a major issue. WTO moves closer to accord World Trade Organization negotiators moved closer to an agreement to open global markets for food and manufactured goods. FedEx applies for new China flights U.S. aids Thai port terror checks Deutsche Post raises 2004 target U.S. weaker in Exel results Assorted woes sap ISC earnings U.S. sets tariffs on some imported shrimp U.S.-South Europe lines advise on fuel charge China Southern names U.S. agent Ex-Im Bank's Foley to keynote JoC Breakbulk Conference Hamburg Süd appoints Jamaica agent

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JULY 30, 2004
New study urges HK Government to lower cargo costs Another study has shown that Hong Kong port is far from price competitive against neighbouring Shenzhen ports, and has urged the government to take measures to narrow cost differences. Geest aims to avoid Europe's port congestion nightmare Pacific supplies hit by Noumea strike, Futuna grounding HMM orders three more post panamaxes ICT in Malaysia forecast to make profit by cutting costs Dutch bank seizes French vessel Lack of interest sinks motorway of the sea Cosco takes delivery of a 7,500TEU vessel

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JULY 30, 2004
Fatigue causes casualties UK to press for changes to STCW after study of 65 collisions and groundings identifies tiredness as a major issue. Suez ruling upheld Appeal court confirms dredger was 50% to blame for grounding of Norwegian chemical carrier. TMM hit by 'broker miscommunication' Double-counting error forces Mexican group to amend bond offer ' again. Trip to nowhere Defunct cruise line Society Expeditions admits to assets of less than $50,000 in chapter 7 bankruptcy. MMM on winning streak Malaysian tanker and bulker owner continues to push up profit in its current financial year. MOL fixes Katori Japan's Kyushu Oil takes VLCC for 18 months despite speculation it was earmarked for China trades. Temas profit chopped Indonesian feedership operation sees earnings dwindle in first half despite huge revenue rise. Numast in fatigue SOS Officers union demands action to end the scandal of excessive watchkeeping hours. Good day for Great Eastern Indian owner reveals 6% jump in first quarter profit as oil major business booms. Odfjell stresses the positive Norwegian tanker owner dogged by scandal and tragedy has some good news to enjoy as net profit booms in 2004. First quarter cheer for Taiheiyo Japanese VLCC and bulker owner elevates earnings in three months to 30 June. Pertamina fixes period VLCC Indonesian state oil and gas company squeezes down rate for politically sensitive time-charter. LA to hire 3,000 dock workers Delay-hit west coast port takes out huge classified ad in bid to cut China congestion. Tankers turn profit at BLT Indonesian owner sees earnings and revenues grow in first half of 2004. Wilh Wilhemsen motors Norwegian group posts best-ever quarter as liner and car volumes surge. PCTC casualty dents ISH Out-of-service days in car carrier and coal carrier business segments cut profits at US shipowner. K Line upgrades prospects Stronger boxships, bulkers and tankers prompt owner to lift interim and full year earnings estimates. Strong first quarter for SSC Hot rates for boxships and multi-purpose vessels propel profits at Singapore Shipping Corp. FFAs to go east Baltic Exchange planning a series of workshops on freight derivatives in Hong Kong and Singapore. Seacor slips into the red Dramatic turnaround in fortunes for Houston-based marine vessel operator in first half of 2004. Midnight Express sails for US Converted heavy lift ship leaves Holland following installation of its pipelaying system equipment.

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JULY 30, 2004
MarAd: vessel sizes up, "smooth transition" to double-hull tankers WAL ceases operations Air China orders 747-400 cargo planes U.S., Indonesia liberalize aviation markets U.S. Customs promotes Thomson to head international affairs Kerry says number of container inspections is inadequate ITC report maps trends in U.S. merchandise trade Guatemalan exporter group gets U.S. "trade capacity" grant