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Shipping News

Yield is the key: P&O Nedlloyd
AFTER staging an impressive US$119 million turnaround this year, the world's fourth largest container shipping line, Royal P&O Nedlloyd, is changing course to bring a fine focus on yield management to firm-up its bottom line over the next 2-3 years.
Oil tanker rates may go up next year: Frontline
FRONTLINE Ltd, the world's biggest oil tanker company by capacity, may be able to charge more for space on ships loading a million barrels of oil or more next year as demand for the fuel grows.
Indonesia to build new port for auto exports
INDONESIA is going to build a new port in Ancol, in the northern part of capital Jakarta, to boost exports of automobiles, Trade and Industry Minister Rini Soewandi said.
Scandal rocks Rotterdam port

Admiralty Casebook

Respect safety rules in pilotage waters, Aussies warn ships
THE Australian Transport Safety Bureau last week severely criticised the master of a passenger vessel for failing to properly plan his passage or take the advice of a local pilot while departing Townsville even though it was his first visit to the Queensland port.

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Shipping News

Yield is the key: P&O Nedlloyd
AFTER staging an impressive US$119 million turnaround this year, the world's fourth largest container shipping line, Royal P&O Nedlloyd, is changing course to bring a fine focus on yield management to firm-up its bottom line over the next 2-3 years.
Oil tanker rates may go up next year: Frontline
FRONTLINE Ltd, the world's biggest oil tanker company by capacity, may be able to charge more for space on ships loading a million barrels of oil or more next year as demand for the fuel grows.
Indonesia to build new port for auto exports
INDONESIA is going to build a new port in Ancol, in the northern part of capital Jakarta, to boost exports of automobiles, Trade and Industry Minister Rini Soewandi said.
Scandal rocks Rotterdam port

Admiralty Casebook

Respect safety rules in pilotage waters, Aussies warn ships
THE Australian Transport Safety Bureau last week severely criticised the master of a passenger vessel for failing to properly plan his passage or take the advice of a local pilot while departing Townsville even though it was his first visit to the Queensland port.

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Hong Kong July value of exports up 16.5 per cent Schenker's Olympic mission hailed NYK opens subsidiary in Korea Rebuilt port in Heibei to open soon NOL shareholders advised against Temasek bid MOL opens 3rd branch in Indonesia All systems go at HK's CT9 Maersk Logistics launches supply chain solution KLM, K+N win Rolls-Royce contract Continental Airlines, pilots' union sign accord to improve relationship Air China finalises agreement for 7 Boeing 737s Hainan Airlines establishes Xinjiang branch

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Allcargo Movers augments convenient, secure & complete logistics solutions POL India Agencies Ltd awarded prestigious ISO 9001:2000 certificate by DNV Govt plans to phase out 29 levies Latest tax exemptions cover 161 services Export plans to cost Nat. Exchequer Rs 40,000 crore in 2004-05 Trade leveraging policy on anvil

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SEPTEMBER 2, 2004
Fresh Yukos woes send crude to $45 Yukos claims expansion of asset freeze poses imminent threat to its production capacity. Italy numbers jump as cargo rises take effect Sharp cargo gains borne out in Italian ports today, but summer supply squeeze expected to end soon. Tokyo Bay escapes ill-effects of Typhoon season Tokyo Bay operations were not disrupted by the latest typhoon to hit Japan, and so far bunker prices have escaped the worst of crude-led gains. Stock levels plunge, bunker sales soar in Singapore Period of near tank-top stock levels comes to dramatic end with 20% dip in fuel oil inventories as bunker sales in Singapore soar once more. Singapore: Key suppliers out of spot market Continued terminal congestion, transportation problems and delays to incoming cargoes exacerbating already tight avails. Rotterdam market firm after crude gains Core Yukos unit being sized up for sale Sale of the Siberian production unit accounting for majority of Yukos' oil production looks inevitable after oil giant fails to pay off full tax bill in time. Florida bunker players warn of hurricane shutdown Bunker players based in Miami, Florida, have warned customers that they will not be contactable in offices for at least a five-day period as Hurricane Frances bears down on the region.

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SEPTEMBER 2, 2004
BFOR launches Trailstat UK: truck toll taking shape Austria and Slovenia: partners in CEP sector Iran Railways: cargo business booming US Airways and GSA Capitol International terminate partnership Famous Pacific Shipping's presence in Vietnam strengthened Rotterdam's Willem Scholten resigns following financial escapades

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SEPTEMBER 2, 2004
Chemical freight rates set to dip ITIC warns brokers on perils of falling market MOL opens in China and Indonesia Enclosed-space death toll continues to rise

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SEPTEMBER 2, 2004
Panama Canal Authority taps new deputy administrator Boeing nets plane order from Chinese airline Trip across Russia cancelled for Nippon Airship zeppelin Federal cash will upgrade pair of Oregon airports Portland Airport noise panel plans meeting for September 9

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Storm menacing US 'could be one of worst in history' HURRICANE Frances, the second ferocious storm to menace the Atlantic seaboard within three weeks, has begun to unleash chaos on the Bahamas and eastern Florida. Samudera $200m newbuild plan to reduce charter exposure SAMUDERA Shipping Line is looking to order $200m worth of smaller containerships to reduce its exposure to the charter market. Torrijos outlines Panama Canal vision MARTIN Torrijos has used his opening speech as Panama's new president to underline the importance of the Panama Canal as a motor for economic growth in the country, writes Rainbow Nelson in Panama City. Norway rig lock-out ups heat in North Sea row THOUSANDS of Norwegian offshore oil workers were last night poised to be drawn into a major escalation of a two-month North Sea industrial conflict, as a rig lockout loomed at the stroke of midnight.

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SEPTEMBER 2, 2004
Hurricane Frances approaches US FEARING the worst from Hurricane Frances, most of Florida's east coast ports are ceasing operations with effect from 1300 hrs local time today Safmarine boosts African service SAFMARINE will add additional capacity to its South Africa-West Africa service later this month when it adds a fourth multi-purpose vessel Peel Holdings goes private CLYDEPORT owner Peel Holdings will complete its plan to go private with the signing of a '55M ($98M) loan to buy out minority shareholders Canadian LNG plan proposed PETRO-Canada has proposed a joint $500M project with TransCanada Corp to build an LNG terminal north-east of Montreal, with a projected completion date of 2009 ABP assesses Dibden Bay future ASSOCIATED British Ports appears not to have ruled out the use of land in Dibden Bay, opposite Southampton port, for cargo handling activity Meyer to head builders association BERNARD Meyer, head of Meyer Werft, has replaced Werner Sch'ttelndreyer as president of the country's builders' association VSM Chantiers to cut 25% workforce Russians dispute ISPS claim Titan prepares to salve Handymax Liners propose exemption change Uruguayan free trade zone extension

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SEPTEMBER 2, 2004
Florida ports brace for hurricane Coast Guard closes ports, orders vessels to evacuate as Frances heads for state's East Coast. Teamsters protest Maersk Sealand Union accuses world's largest container line of intimidating U.S. port truckers. Lines offer to end joint rates U.S. textile industry wants curbs on China imports Mongolia will push for U.S. pact U.S. presses Kaohsiung on box security Port Newark terminal deploys radiation detectors Air France-KLM doubles earnings Iberia settles U.S. charges over Cuba embargo NYK opens South Korea subsidiary Firms sue Israeli dockworkers Direct flights for Taiwan, South Korea

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SEPTEMBER 2, 2004
Carriers propose to replace conference system in Europe In a dramatic manoeuvre aimed at encouraging the EC away from continuing to recommend complete withdrawal of conference-carriers' anti-trust immunity, carriers have proposed an alternative they believe will maintain similar market-stability. Port Everglades shuts for Category 4 Frances Off-window ships jam Australian terminals Suape announces new services to US and Mediterranean Virtual crane hotseat to hothouse new crane-drivers in Hamburg Capacity lifted with additional berths in Kwai Chung Free trade zone to be developed at Busan New Port Freetown scanner reveals serious intentions for security Nordcapital takes delivery of a 5,040TEU containership Competition Commissioner nominee Neelie Kroes leaves RPONL board

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SEPTEMBER 2, 2004
Skandia fined Stockholm bourse slaps penalty on firm for misleading info on former president's benefits. Neelie quits Nedboard The EU's new head of competition watchdog is putting the P&O boardroom behind her. German yards pick Meyer German shipbuilders' new head lobbyist is a past master of the art. Foreign owners survive cabotage cull Nigeria relents on overseas-owned ships because of lack of domestic capacity. Clarksons goes further offshore UK broker takes over Normarine Offshore Consultants to broaden oil and gas interests. Arnie to decide on chemical carriers Battle begins in California over mandatory tug escorts for chemical cargos. Alaskan ferry up for grabs Shipyards invited to submit bids to build ship for Inter-Island Ferry Authority. SembCorp divests 'NOL bonds' Shipbuilder offloads notes backed by liner operator's Singapore headquarters. Canada gets in on the action Latest LNG terminal proposed for Quebec. Mkunazini revives Tanzania link Zanzibar owner restarts passenger and freight service between Pemba island and Tanga. Some fire with its ice OMI cancels buy of one suezmax from Athenian, takes beef to arbitration, as it bulks up ice-class fleet. RSL adds ro-ro Latvian owner uses Gotland-chartered ship to start new Swedish route. OMI will take one with ice Connecticut owner said to take Hyundai Mipo products resale for October delivery. Suspect navy ship targets tanker Large armed craft 'resembling' a naval vessel attempts to board product tanker off Vietnam. Celebrity cancels cruise Radial-bearing problem forces up market cruise line to drop Summit sailing from Vancouver.

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SEPTEMBER 2, 2004
Carriers ready to give up joint pricing immunity in EU trades Europe/Middle East carriers set Kuwait terminal charge OMI acquires ice-class product carrier, arbitrates over Suezmax ship Kroes leaves Royal P&O Nedlloyd board Lufthansa suspends fuel surcharge increase FMC reviews 10 OTI license applications Maersk Logistics launches Spective integrative software BSW picks DHL Logistics to manage warehousing Kuehne + Nagel Logistics names Spiker VP western U.S. sales Teamsters takes Maersk protest to Danish Embassy Liverpool grain terminal's tracking system meets compliance regulations

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SEPTEMBER 2, 2004
300 in North Sea lockout About 300 unionised North Sea workers are hit by the North Sea lockout from midnight tonight. The lockout, which was ... Female captain on Maersk "showboat" in København A.P. Møller-Mærsk is this week showing off at Langelinie in København where the latest container-giant "Albert Mærsk" is ... Riga Sea Line launches new Latvia-Sweden ferry service The Latvian ferry operator Riga Sea Line starts a new ferry link between Riga and Nyn'shamn, South of Stockholm. The ...