ISPS bill for industry - US$1.5b a year THE global shipping community will foot a bill of more than US$1.5 billion annually - on top of a US$2.6 billion initial cost - as a result of implementing the new global ISPS Code, according to a recent Australian government report.
US mends fences with Malaysia over Straits MALAYSIA and the United States mended fences yesterday after an angry dispute over protecting international shipping against terrorist attacks in the vital Malacca Straits.
Typhoon forces Japan refineries to halt berth operations POWERFUL typhoon Dianmu, which killed three people as it lashed western Japan yesterday, has forced at least nine oil refineries to halt crude oil unloading and product shipment by sea.
Greenpeace activists block ship from docking in UK GREENPEACE, the environmental activist group, has boarded a vessel it claims is transporting US genetically modified crops and is preventing it from docking in the UK, the coastguard says.
Gulf tanker rates forecast to rise 20% OIL tanker rates for shipping crude from the Middle East may rise next quarter as Opec boosts output to temper near-record prices, increasing demand for vessels owned by companies such as Teekay Shipping and Frontline.
KDB no more seeking single buyer for Daewoo KOREA Development Bank scrapped plans to find a single buyer for its controlling US$736 million stake in Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest ship manufacturer.
Stolt- Nielsen unit revamp to focus on Rotterdam STOLT-Nielsen's wholly owned parcel tanker business, Stolt-Nielsen Transportation Group Ltd , is being restructured with more functions being centralised at Rotterdam.
Air and Land Transport
Virgin to start London-Sydney service in Dec RICHARD Branson's Virgin Atlantic Airways is to begin flying from London to Sydney via Hong Kong on Dec 7, intensifying competition with British Airways and its Australian partner Qantas.
SIA, ANA strike S'pore-Japan code share deal
Flights cancelled as typhoon hits Japan
Passenger plane lands at wrong airport - air force base
ISPS bill for industry - US$1.5b a year THE global shipping community will foot a bill of more than US$1.5 billion annually - on top of a US$2.6 billion initial cost - as a result of implementing the new global ISPS Code, according to a recent Australian government report.
US mends fences with Malaysia over Straits MALAYSIA and the United States mended fences yesterday after an angry dispute over protecting international shipping against terrorist attacks in the vital Malacca Straits.
Typhoon forces Japan refineries to halt berth operations POWERFUL typhoon Dianmu, which killed three people as it lashed western Japan yesterday, has forced at least nine oil refineries to halt crude oil unloading and product shipment by sea.
Greenpeace activists block ship from docking in UK GREENPEACE, the environmental activist group, has boarded a vessel it claims is transporting US genetically modified crops and is preventing it from docking in the UK, the coastguard says.
Gulf tanker rates forecast to rise 20% OIL tanker rates for shipping crude from the Middle East may rise next quarter as Opec boosts output to temper near-record prices, increasing demand for vessels owned by companies such as Teekay Shipping and Frontline.
KDB no more seeking single buyer for Daewoo KOREA Development Bank scrapped plans to find a single buyer for its controlling US$736 million stake in Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest ship manufacturer.
Stolt- Nielsen unit revamp to focus on Rotterdam STOLT-Nielsen's wholly owned parcel tanker business, Stolt-Nielsen Transportation Group Ltd , is being restructured with more functions being centralised at Rotterdam.
Air and Land Transport
Virgin to start London-Sydney service in Dec RICHARD Branson's Virgin Atlantic Airways is to begin flying from London to Sydney via Hong Kong on Dec 7, intensifying competition with British Airways and its Australian partner Qantas.
SIA, ANA strike S'pore-Japan code share deal
Flights cancelled as typhoon hits Japan
Passenger plane lands at wrong airport - air force base
Bunker facilities planned for new Kenyan fishing ports First dedicated fishing ports earmarked by Kenyan government.
Crude past peak as market grows tired of wariness Crude market temporarily past peak due to growing US stocks and exit of long speculative positions, limiting effect of terrorist activity as long as actual supply stays on course.
Cape Town still dry as Durban avails tighten Caltex reportedly attempting to meet suppliers' requirements as players resign themselves to another week of dried-up avails.
Iraqi exports partially resumed, Norway strike may escalate Oil prices eased this morning as Iraq resumed partial oil exports, only to rise again later on threats that a four-day old oil worker strike in Norway may be extended.
ENOC Bunkering lays foundations for global expansion State-owned bunker supplier lays foundations for growth into other 'geographic regions' with acquisition of additional 150,000m' land-based storage in Fujairah.
Rotterdam largely steady at noon
Shanghai: Fuel oil futures trading to begin July-August Re-introduction of Chinese fuel oil exchange only weeks away.
Chief Engineer facing jail for illegal discharge Tanker Pacific Management-operated aframax becomes latest vessel to be found illegally discharging oily bilge waste off coast of US.
Coscon next in line for Hong Kong flotation COSCO Container Lines appears on the verge of joining the Hong Kong shipping flotation craze. Undeterred by compatriot China Shipping Container Lines' poorly received IPO last week, China's top box line has chosen UBS and HSBC to lead the sale, which is likely to take place before the end of the year.
Transpacific lines can't see wood for the fees as furniture tariffs bite TRANSPACIFIC containerlines are adjusting to the latest electoral ploy by the Bush administration, writes Sam Chambers in Hong Kong.
Collins Stewart poised to buy PD Ports COLLINS Stewart is reportedly set to buy PD Ports from current owners Nikko Principal Investments, at a price of about '450m ($827.4m), writes David Osler.
Aegis links oil price and terrorism MARITIME terrorists may deliberately be seeking to engineer high oil prices in a bid to produce economic disruption in the West, a security specialist has warned, writes David Osler.
Zim Israel links with Rickmers for panamax boxship octet RECENTLY privatised Zim Israel Navigation Co is teaming up with Bertram Rickmers in a long-term charter contract for a series of panamax containerships.
South Korea and Canada in Stolt-Nielsen price probe SOUTH Korean and Canadian competition authorities have separately launched price-fixing probes into the cartel activities of Stolt-Nielsen Transportation Group and the parcel tanker shipping industry.
Russians seek Bosporus alternative A survey of Russian ship owners has revealed that losses suffered as a result of tankers laden with Russian oil having to wait to get through the Bosporus are running at up to $400M a year
Brazil: slow pace to ISPS THE port of Pecem, in the northern Brazilian state of Ceara, has this week received certification to the ISPS Code, but many Brazilian terminals still have a long way to go
Jamaica port security update JAMAICA port authority has advised on its latest port security upgrades, which include underwater surveillance cameras at cruise ports Montego Bay and Ocho Rios
US LNG facility approved THE proposed Liquefied Natural Gas facility at Freeport, Texas was approved by the Federal Energy Regulatory Commission on Friday
Collins front runner for Teesport COLLINS Stewart is the front runner to buy the PD Teesport group, according to speculation circulating in the London financial markets
Nenaco's receiver replaced THE rehabilitation receiver of the debt-saddled Philippine operator Nenaco has been replaced for his failure to disclose past links with the Philippine operator's parent firm
EU discussion paper hints at 4056/86 repeal as preliminary Review conclusion A discussion-paper on EU regulation 4056/86 seems to be indicating an end to liner conferences' immunity to anti-trust legislation, according to the European Shippers' Council (ESC).
Coscon close to debut on Hong Kong exchange Shares in state-owned Cosco Container Lines (Coscon) will be offered on the Hong Kong main board before the end of the year, aiming to raise at least US$1billion.
Fremantle courts MSC for third terminal
Barge industry threatens to surcharge Antwerp for excessive delays
Volumes up for Adriatic's Koper
APMT set to participate in Cameroon privatisation
CN and Prince Rupert target west-coast advantage
Cosco Pacific Chinese terminals outperform May 2003
Hanjin Shipping's container freight index in May increases further
Seyang takes over Chinese container manufacturer
TS Lines becomes Gwangyang's fifth maiden caller this year
EU eyes liner conferences yet again The EU competition directorate has once again put the liner shipping competition exemption into question. In a discussion paper, the ...
UK Tonnage Tax undermined by the EU scheme Draft EU Guidelines on state aid to maritime industries create problems for the UK Tonnage Tax scheme, according to shipping ...
Maritime toll road in Western Norway The maritime service industry, in bunkering and other supplies, is suffering as a result of the new "safety fee" imposed ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
