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Shipping News

India's JNP terminal project caught up in election battle
HIGHLIGHTING the challenges of doing business in India, the plum win by the Maersk/Concor consortium for the new 10 billion rupee container terminal at India's Jawaharlal Nehru Port appears to have been tripped up by the country's election fervour.
S Korea world's top shipbuilder
SOUTH Korea overtook Japan to become the world's largest shipbuilder last year with over 40 per cent of the market, the Commerce, Industry and Energy Ministry said yesterday.
CIMC sees Q1 earnings rising over 50%
CHINA International Marine Containers , the world's largest maker of shipping containers, expects first-quarter net profit to leap more than 50 per cent on booming demand, the company said yesterday.
Cosco Pacific's Q1 volumes up 18.6%
COSCO Pacific Ltd, the port arm of China's largest shipping company, handled 18.6 per cent more containers in the first quarter as demand in the US and Europe for China-made computer chips, cellphones and other goods rose.

Air and Land Transport

US Airways' chief Siegel quits amid strife
THE chief executive of US Airways, David Siegel, who vowed last month that he would not run from the airline's deepening financial problems but had reached a logjam with its unions, resigned on Monday.
Bio-science to outpace electronics in Singapore shipment growth
Pittsburgh may lift post-Sept 11 security rule
Power outage hits LA airport

Strait Talk

Low detention rates essential for modern register
THERE is no doubt that last week's news that the US Coast Guard has admitted Singapore to its 21st Century programme is a real feather in its cap for the Republic's register and the Maritime and Port Authority of Singapore.

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Shipping News

India's JNP terminal project caught up in election battle
HIGHLIGHTING the challenges of doing business in India, the plum win by the Maersk/Concor consortium for the new 10 billion rupee container terminal at India's Jawaharlal Nehru Port appears to have been tripped up by the country's election fervour.
S Korea world's top shipbuilder
SOUTH Korea overtook Japan to become the world's largest shipbuilder last year with over 40 per cent of the market, the Commerce, Industry and Energy Ministry said yesterday.
CIMC sees Q1 earnings rising over 50%
CHINA International Marine Containers , the world's largest maker of shipping containers, expects first-quarter net profit to leap more than 50 per cent on booming demand, the company said yesterday.
Cosco Pacific's Q1 volumes up 18.6%
COSCO Pacific Ltd, the port arm of China's largest shipping company, handled 18.6 per cent more containers in the first quarter as demand in the US and Europe for China-made computer chips, cellphones and other goods rose.

Air and Land Transport

US Airways' chief Siegel quits amid strife
THE chief executive of US Airways, David Siegel, who vowed last month that he would not run from the airline's deepening financial problems but had reached a logjam with its unions, resigned on Monday.
Bio-science to outpace electronics in Singapore shipment growth
Pittsburgh may lift post-Sept 11 security rule
Power outage hits LA airport

Strait Talk

Low detention rates essential for modern register
THERE is no doubt that last week's news that the US Coast Guard has admitted Singapore to its 21st Century programme is a real feather in its cap for the Republic's register and the Maritime and Port Authority of Singapore.

web site

Shipping News

India's JNP terminal project caught up in election battle
HIGHLIGHTING the challenges of doing business in India, the plum win by the Maersk/Concor consortium for the new 10 billion rupee container terminal at India's Jawaharlal Nehru Port appears to have been tripped up by the country's election fervour.
S Korea world's top shipbuilder
SOUTH Korea overtook Japan to become the world's largest shipbuilder last year with over 40 per cent of the market, the Commerce, Industry and Energy Ministry said yesterday.
CIMC sees Q1 earnings rising over 50%
CHINA International Marine Containers , the world's largest maker of shipping containers, expects first-quarter net profit to leap more than 50 per cent on booming demand, the company said yesterday.
Cosco Pacific's Q1 volumes up 18.6%
COSCO Pacific Ltd, the port arm of China's largest shipping company, handled 18.6 per cent more containers in the first quarter as demand in the US and Europe for China-made computer chips, cellphones and other goods rose.

Air and Land Transport

US Airways' chief Siegel quits amid strife
THE chief executive of US Airways, David Siegel, who vowed last month that he would not run from the airline's deepening financial problems but had reached a logjam with its unions, resigned on Monday.
Bio-science to outpace electronics in Singapore shipment growth
Pittsburgh may lift post-Sept 11 security rule
Power outage hits LA airport

Strait Talk

Low detention rates essential for modern register
THERE is no doubt that last week's news that the US Coast Guard has admitted Singapore to its 21st Century programme is a real feather in its cap for the Republic's register and the Maritime and Port Authority of Singapore.

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OOIL net profit up 536 per cent in FY2003 K&N receives China Class A forwarder's licence VPA Chairman announces new board members Bangladesh land port to open next month Malaysian Shipping MD dies APM to build US$450 million container terminal in Virginia BC vessel traffic affected by tug strike SIA to cut costs amid stiffer competition HKIA sees increase in cargo throughput for March Jiangsu airport to provide alternative to trucking

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China's unsatiated appetite for industrialisation starves global shipyards of steel - Ship charter rates blow through the roof Pace of issuing IMO compliance certificates to ports tardy Wreckage of m. t. Delta 1 successfully beached Mercator Lines' net soars by 731 pc to Rs 45.38 cr. in 2003-04 SCI Board approves plan to buy 2 new LR1 tankers Auto component exports record 39 pc rise Export units want sops restored Compressor makers unhappy over import duty cuts Containerised traffic at most Indian ports shining (rising) - JN Port leads the way; remains preferred Port of trade Kolkata Port Trust defers tariff revision plan again Feasibility report on 4th box terminal at JNP being finalised: R. Budhiraja Rlys hauls 3 pc more freight in 2003-04 Bond, bank guarantee waived for filing advance import general manifest 'Tis an ill wind that bodes no good', cry exporters - Soaring freight rates, paucity of boxes, rupee appreciation... South backbone of services sector: CII study One-to-one meetings with Taiwan trade team tomorrow

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APRIL 20, 2004
Buyers' anticipation keeps Panama hushed OPEC experimenting with new reference oil price The new trial formula works out a lot lower than the official basket price and explains why the cartel has declined to enforce its so-called price band mechanism. Winter restrictions ending at key Baltic oil port Shanghai futures exchange a step closer to realisation China's State Council backing means futures exchange on target for Q3 start. Uruguay supply situation slowly returning to normal Trader joins O.W. Bunker Group Avails push earliest Fujairah dates into weekend Fujairah's earliest dates still suffer from tight avails and heavy commitment on resupply cargoes Early Hong Kong dates increasingly dependent on resupply cargo Prices touch nine-month highs in key ports Combination of firm crude market and local factors send prices to record highs accross the globe. Rotterdam steady at midday Swedish supplier takes step towards double-hulled future Stena Oil AB reveals order for a new state-of-the-art double- hulled product tanker, part of the company's strategy to be fully prepared for EU legislation on double hulls. Estonian export terminal capacity expanded Vopak announces acquisition of leased tanks and plans for further expansion next year.

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APRIL 20, 2004
ITJ organises packing seminar at Mavex Traconi launches new tool for transport tenders British government should subsidise M6 toll road Swisslog lands Maag Technic contract UIC and ARA boost cooperation Skyroute appoints new global agencies for its 'Just2CIS' product Fos Logistics launches Belgium-China freighter services More capacity for Stena on Karlskrona-Gdynia route

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APRIL 20, 2004
US gets heavy on security Exmar orders extra LNGRV UK government rejects Southampton box port plan Exmar Kosan buys LPG fleet Australian state imposes ballast rules APM plans new terminal at Portsmouth, US

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APRIL 20, 2004
U.S. Ocean Commission releases preliminary report Makes far reaching recommendations on ocean use DeSimone named COO of Staten Island Ferry New York implements key recommendation of GMATS report New York City gears up for more cruise passengers $200 million in terminal upgrades and expansion Jo Tankers enters guilty plea in parcel tanker case Will pay $19.5 million fine

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Darling sinks ABP's £600m dream for Dibden Bay PLANS to build a huge new container terminal at Dibden Bay were rejected by the government yesterday on environmental grounds. Green groups wade into rival box plans ENVIRONMENTALISTS savoured victory last night, but were already taking aim at the three remaining UK container terminal projects at various stages of the planning process, writes Roger Hailey. Decision 'not life or death' for port giant ABP quickly responded to the disappointment of the Dibden Bay decision by announcing a '100m share buy-back programme, write Tony Gray and Janet Porter. No end in sight to congestion as environmentalists win argument CONTAINER lines and their customers reacted with a mixture of shock and disappointment to the Dibden Bay decision, while the ports industry said the balance had swung too far in favour of environmentalists.

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APRIL 20, 2004
UK rejects Dibden Bay plan THE UK government has rejected Southampton's '600M ($1Bn) Dibden Bay container terminal development put forward by Associated British Ports ABP regroups after Dibden rejection THE price of Associated British Ports shares fell by 10% this morning on news of the UK government's rejection of the company's Dibden Bay proposal Eurotunnel records poor quarter EUROTUNNEL, the operator of the tunnel linking France and the UK, has posted worrying figures for the first three months of the year Transneft offers Barents Sea option TRANSNEFT, Russia's state controlled oil pipeline agency, is proposing a new oil export route for the Barents Sea, instead of Murmansk, the private oil producers' choice Malta to sell off national line THE Maltese government yesterday announced its intention to privatise Sea Malta, the national shipping line Free port hatching in China WAIGAOQIAO Bonded Logistics Area has passed a strict examination by PRC State Council experts, marking the first move towards a free port in China Maersk makes more of India Lys-Line in aluminium contract Jo Tankers pays competition fine Mexican reprieve for Montevideo meat Thomson to cruise from UK ports Melbourne to get deeper, quicker Dubai seals $217M crane deal India calls for seafarer convention Rhône sees return of liner services Malaysian conglomerate eyes Penang

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APRIL 20, 2004
CSX: No problem with 'short' sea Intermodal executive says railroad wouldn't necessarily oppose system that potentially could divert trailer traffic from rail to water. Trucking fuels CNF profit Vancouver digs out; tug strike gets mediator Montreal cargo powers up Britain nixes ABP plan for $1.1B box hub Cosco eyes IPO, will double box capacity Box demand will outpace supply: APL chief MOL adds U.S.-S.A. East Coast link USTR vets Panama, Thailand trade deals EU approves aid for DHL air hub SAS Cargo appoints new president and CEO

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APRIL 20, 2004
Shippers deride TSA's THC components list after 13-year wait Hong Kong Shippers' Council (HKSC) executive director Sunny Ho revealed serious defects in the Transpacific Stabilization Agreement's (TSA) terminal handling charges (THCs) component list today. Dibden dredges up debate about the future of UK shipping The UK government's rejection of the proposed Dibden Bay deepwater container terminal at Southampton has raised questions about the future of UK shipping and transport on all sides. Darling cites public interest in rejection of Dibden Bay proposal APM Terminals greenlight Virginia terminal Victoria government to accelerate Melbourne deepening US Congresswoman says missile money should go to port security rail4chem ready for Alpine crossing ICTSI's Baltic Container Terminal tots up phase one expansion plan Guo appointed executive director of COSCO Kolkata feeder operators hike rates Safmarine appoints new CEO from within

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APRIL 20, 2004
OSG pays dividend US tanker owner continues with higher payouts. Maersk to build $450m terminal in US Facility will handle 500,000 containers when finished in 2007. Torm votes to hike share capital AGM also approves DKK 12 dividend for 2003. Cruise lines sign Big Apple deal NCL and Carnival to get preferential treatment after pledging $200m. Gorthon hit by cargo downturn Profitability of Swedish forest products shipping specialist tumbles through first quarter. Essar buying VLCC? Expanionist-minded Indian owner linked to 11-year old tanker. BLT banks on share issue Indonesian tanker owner could raise more than $12m over three years for working capital. Leif Hoegh bounces back Operating profit doubles as GM car carrier award winner motors ahead. ABP share price plunges Rejection of $1bn Dibden Bay super container port plan delivers big blow to UK company. Empty tanks key to Bow Mariner Marine surveyors point to tank vapours from discharged cargo as likely cause of sinking. Mercator makes a packet Expanding Indian tanker owner says net profit rose more than 700% in the year to 31 March. Platinum hit by hot boxship rates Strong demand for containership tonnage is thwarting the expansion plans of Thai newcomer. Japan holds 35 Big names escape detention in March as smaller cargoships held after safety checks. Cosco Corp eyes yard expansion Singapore unit of Chinese giant likely to buy stake in another group shiprepair outfit. Lys-Line to haul aluminium DFDS subsidiary signs three-year deal to move cargoes between Scandinavia and Med. Korea's yards lead Japan in 1Q Both countries see big gains in orderbook in first three months of this year. Thoresen Thai confirms ship buy Thai bulker owner goes for a handymax with its latest acquisition. Dutch yard hits trouble The Metz repair operation in Urk, northern Netherlands, has filed for bankruptcy. AMSA head re-appointed Clive Davidson to serve third term as chief executive of Australian Maritime Safety Authority. Hual Triton held in US Leif Hoegh PCTC detained with catalogue of machinery space deficiencies. Tanker explodes on Yangtze Latest report says two missing and four injured after vessel blast. Pan United seals Tidewater duo Recently demerged Singapore shipbuilder picks up newbuilding contracts from offshore giant.

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APRIL 20, 2004
Carriers, lessors see box shortages Asian shipowners predict 12-15% transpacific growth CLARIFICATION: P&O Nedlloyd not a party to FABC sale China Southern adds new Japan route Hi-Tech Forwarder Network to hold conference April 26-30 New York DOT seeks input on policy for off-peak delivery times New EU labeling rules spooks American food shippers APM to build new terminal in Virginia by 2007 U.S. Coast Guard launches security assistance program U.K. government blocks Dibden Bay container terminal Inbound traffic in Long Beach rises again

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APRIL 20, 2004
Extended single-hull ban from 1 May The ban on single-hull tankers, introduced by the European Union in October last year, will be extended to the ... New management at Odense Shipyard Odense Staalskibsværft, the A.P. Møller-Mærsk owned shipyard in Odense, Denmark, has got a new management. The new CEO is ... Barent Sea exploration restarts Statoil and Norsk Hydro has finally signed a letter of intent with drilling contractors Ocean Rig to sink three exploration ...