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Shipping News

Teekay Shipping seeks more acquisitions
TEEKAY Shipping Corp chief executive Bjorn Moller, who has spent more than US$3.5 billion in five years to build the world's biggest oil-tanker operator, said the company may make more acquisitions to offer a broader range of services to oil producers.
China shipping may delay IPO: sources
CHINA Shipping Container Lines may push back the roadshow for an IPO worth up to US$2 billion by one to two weeks in the hope of better market conditions, sources said yesterday.
80 treated after blast aboard S Korean ship
AT least 80 people were treated for ammonia inhalation after an explosion aboard a South Korean ship docked in the port of the Uruguayan capital, fire officials said.

Air and Land Transport

EADS profit soars on higher Airbus sales
EUROPEAN Aeronautic, Defense and Space Co, Europe's largest aerospace company, said first-quarter profit rose 75 per cent after it sold more Airbus planes and cut costs at its space unit.
Lufthansa turns around in Q1 thanks to Amadeus sale
Israel airline probes flight-safety incidents
Delta considers bankruptcy filing to survive financial crisis
LOG Book

web site

Shipping News

Teekay Shipping seeks more acquisitions
TEEKAY Shipping Corp chief executive Bjorn Moller, who has spent more than US$3.5 billion in five years to build the world's biggest oil-tanker operator, said the company may make more acquisitions to offer a broader range of services to oil producers.
China shipping may delay IPO: sources
CHINA Shipping Container Lines may push back the roadshow for an IPO worth up to US$2 billion by one to two weeks in the hope of better market conditions, sources said yesterday.
80 treated after blast aboard S Korean ship
AT least 80 people were treated for ammonia inhalation after an explosion aboard a South Korean ship docked in the port of the Uruguayan capital, fire officials said.

Air and Land Transport

EADS profit soars on higher Airbus sales
EUROPEAN Aeronautic, Defense and Space Co, Europe's largest aerospace company, said first-quarter profit rose 75 per cent after it sold more Airbus planes and cut costs at its space unit.
Lufthansa turns around in Q1 thanks to Amadeus sale
Israel airline probes flight-safety incidents
Delta considers bankruptcy filing to survive financial crisis
LOG Book

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OOCL introduces third KTX service Shenzhen throughput rises 32.4pc over first four months China's demand for logistics services jumps in Q1 Schenker to open logistics centres in Shanghai, Beijing PTP sets gross berth move world record TNT Singapore receives health and safety accreditation Marine Port China 2004 to be held in Shanghai Cathay cargo volume drops in April Nanjing Lukou Airport handles 71pc more cargo, parcels Emirates wins aviation finance award MOTC plans to expand Tainan airport

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Albatross Shipping's offices in ICD-Delhi & ICD-Ludhiana bag ISO 9001:2000 certification - Acknowledgement of professionalism & qualitative services VLCCs may sail thru Suez Canal in 2 yrs-official Major Iraqi tea order bagged Move to export lower grade wheat Anti-dumping duty on lead acid batteries under review Coffee Board brews up an arrangement with Port of Barcelona Auto exports drive into the billion dollar club Hooghly's draught at Diamond Harbour improves CONCOR's Mumbai Office in Western Region gets ISO 9001:2000 certification Govt forms new Development Council for textile machinery industry India may take big bite of global snacks market Govt may extend subsidy to all rubber exports effected in 2003-04 Woman seafarer passes First Mate Certificate exam - Another male bastion falls

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MAY 12, 2004
Argentina bunker market 'in a mess' as avails dry up Replenishment stocks not expected until next week as energy crisis halves bunker sales. Crude at new highs as US gasoline stocks fail to grow Crude prices took off again today to hit new 13-year highs. Analysts now share a much-touted OPEC view that soaring crude prices are down to US product and refining tightness. Shell sits tight as Pakistan buys in HSFO Pakistan emerges as surprise cargo importer as water shortages hit hydroelectric power generation. Weekly US oil inventory data at a glance South Korean prices tipped to rise further Indications wavered between stable to firm in South Korea today, as crude and cargo rises put pressure on players to increase prices. Bunker prices firm across the board Key ports in Asia and Europe see prices climb on back of crude as buyers stay away. Saudi ports still competitive after posted price gains Singapore voted 'Best Seaport in Asia' Pirates strike another tanker off Singapore Attacks continue to plague tankers in Malacca Straits despite high early compliance rate to new IMO security measures in Singapore. Rotterdam on the rise again following crude gains

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MAY 12, 2004
EuroCargo opening soon in Cologne Hamburg-Süd presents new website CCI Agreement between India and Italy Aramex with higher revenue and income in 2003 Toll NZ replaces Tranz Rail Swiss posts better-than-expected 1Q results CP Ships improves first quarter profit Menzies grows its presence in Africa

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MAY 12, 2004
Panama signs ship boarding pact Panama has become the second nation to sign a Proliferation Security Initiative with the U.S. Austal unit to build private survey vessel Austal's Image Marine has secured a A$7.1 million (US$4.95 million) contract to manufacture a research/pleasure vessel EC says Spain broke shipbuilding aid rules Says IZAR must repay Euros 308.3 million plus interest Miller makes UK Club management changes Long term succession planning

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MAY 12, 2004
Port of Seattle celebrating start of expanded cruise season Vancouver Port Authority praises promise of government funding Portland Maritime Day event set for Saturday, May 22nd WPPA to unveil cargo forecast at Spring Meeting in Vancouver, USA Corps sets lock schedule for recreational vessels

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Mitropoulos slams ISPS Code complacency WITH 49 days to go before the provisions of the International Ship and Port Facility Security Code are due to become international law, new figures released by the International Maritime Organization suggest that it is increasingly likely that contracting parties will struggle to meet their obligations. Single skin fight will go the distance A FIRST skirmish in the battle that will ultimately decide whether the single skin dry bulker has had its day suggested that both sides come into today's crunch session of the IMO Maritime Safety Committee with ammunition in reserve. Sinking danger of ferry in Peril A ferry which struck a reef earlier this week will sink if it shifts from the rocks it sits on, authorities in Alaska have warned. Case of seafarer deported over phone call highlights shortcomings of US war on terror THE contrast between the letter and spirit of the US campaign against terrorists has again been thrown into relief with the deportation of a Russian seafarer on a product tanker that called in Texas this week. Kuwait backs Saudis with plea to Opec KUWAIT has added its weight to calls for the Organisation of Petroleum Exporting Countries to increase oil exports to cool 13-year high oil prices, writes Martyn Wingrove .

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MAY 12, 2004
Izar given time to pay SPAIN will be given two months to find a way to repay '308M ($363M) of the state aid illegally granted to state-owned shipbuilder Izar, to protect the company from insolvency and job losses, the European Commission said today. Kidnapped H-Süd exec released JORN Baetke, head of Hamburg-Süd Columbus Line, has been freed by kidnappers in Peru, according to local officials Ship Finance gears up for flotation SHIP Finance International, the new company that will acquire 47 tankers from Frontline, is gearing up to be floated on the New York Stock Exchange Chiquita admits to 'terrorist' payoff CHIQUITA Brands International has admitted that its Colombian banana-producing subsidiary paid protection money to groups the US designates as terrorists Calls for UK ship scrapping policy An investigation by the UK's Environment Agency into the way the transfer of four US Navy vessels was handled has led to a call for a national ship recycling policy Mona Lisa loses smile in Venice THE 29,000gt cruise ship Mona Lisa ran aground and was temporarily stuck on sand just a few metres off St Mark's Square, Venice early this morning Festival French subsidiary tumbles Alaska's LeConte still in danger Training issues concern Philippines Salvors start Cape Africa offtake Hutchison clarifies on Jakarta Spanish unions accept settlement China's rail network 'struggling' Nenaco fined for debt omission Indonesian transport minister quits China imposes soyabean ban

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MAY 12, 2004
House considers new port security bill Democratic legislation earmarks $537 million for port-security grants in fiscal 2005, sets specific goals. Fewer charters for large liners: Report Top 10 box carriers charter less than half of their total tonnage, according to BRS-Alphaliner survey, while smaller carriers charter higher percentage. Panama to let U.S. board registered ships Senate approves tax bill seeking to end EU trade sanctions NOL net to rise six-fold, say analysts China Container to delay IPO: Report Rail traffic hits five-year high: AAR Lufthansa cargo loss widens Taiwan plans major inland container port MOL adds Australia-Dalian service Tanjung Pelepas sets handling mark Revenues up for Alabama ports

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MAY 12, 2004
Twitchy charter market hangs in the balance This weeks big fixture was the 2,100TEU Felicitas Rickmers that was renewed by Maruba at US$23,500 a day over 36 months, 'another notch up in that sector', said one broker. New business boosts VPA Q1 volumes A resurgent US economy and new business saw a 10.8% boost to the Port of Virginia's volumes in the first quarter according to the Virginia Port Authority (VPA). Hyundai's PCX makes maiden California call OOCL has adds latest SX class vessel to Asia/Europe trade Two shipping lines launch intra-Asia services Swiss group expands intermodal terminal at Domodossola Volume growth lifts OOCL's Q1 revenue

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MAY 12, 2004
Jo can defer cash blow Feds spread $19.5m fine over five-year probation period, agree not to target current executives as price-fixing probe continues. Royal Olympic gets small Embattled cruise line applies for "small cap" status to prevent Nasdaq de-listing. Venezuela bucking OPEC hike Major US crude supplier says cartel should keep production level. Bulker aground off Brazil Laden panamax damaged after striking unmarked rock. Skaugen mulls bond sale Norwegian owner wants to raise cash to tweak company finances. Bourbon bulks up French bulker and offshore group's turnover continues to rise in 2004. SSY gets into gas and boxships UK-headquartered broker plugs the glaring gaps in its portfolio. Montanari pushes up profit Italian tanker owner starts year with positive result. Australia helps neighbours Cash to aid Pacific island states to meet IMO's port security requirements. Third loop for MOL Japanese line confirms new China-Australia service, with help from NYK, K Line, Cosco and P&O Swire. Global Carriers extends profit run Malaysian shipowner ups boxship charter rates and sees tankers fully employed. Star balks at bonds Malaysian cruise line scraps plans to sell $450m of notes. Spot of bother for Solstad Weak North Sea spot market and currency losses hit Norwegian offshore shipowner. Bollore bubble bursts French owner's revenues down as Dutch bunkering operations scrapped. Cosco Corp powers ahead Strong dry bulk market plus contributions from Chinese repair yards creates profit surge. Pirates strike off Singapore Six crewmembers of a tanker are held hostage in twenty-minute ordeal just west of port limits. Ship sinks off Cyprus Search mounted for three crew still missing after Turkish cargoship breaks in two.

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MAY 12, 2004
CP Ships increases first-quarter income despite soaring charter costs Trailer Bridge regains compliance with Nasdaq Coast Guard rescues passengers from stricken Alaska ferry Carriers add China/Australia link Delta mentions possibility of bankruptcy Pacer Cartage selects Trinium operating software e2e Logistics offers freight forwarding software FCL Carriers enters Pacific trade, offers rate match system Chiquita admits payments to alleged Colombian terrorists Bremer picks Coast Guard captain to advise Iraqi ministry U.S. Customs names Shiffman chief of staff Tibbett & Britten makes eastern European appointment MSC terminal in Antwerp orders 29 Kalmar straddle carriers

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MAY 12, 2004
Saga Line could be operative this month Saga Line could open its new ferry route from Moss to Skagen this month. The final certificates should be issued ... Kockums one step closer US deal Kockums and its parent company HDW has signed a new agreement with Northrop Grumman System covering a new composite-built ... China and Singapore return to Nor-Shipping China and Singapore have booked 400 and 260 square metre of exhibition space respectively at next year's Nor-Shipping ...