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Shipping News

New China law aims to woo more foreign port investments
A NEW law governing development of China's ports is now in effect, intended to give clear guidelines to encourage overseas and domestic investors and provide protection to investors' legal rights and interests.
S Korean govt privatises Busan container port
IN a bid to make Busan more competitive the South Korean government has privatised the country's largest container port as part of its ambitious goal to become the main hub port of North-east Asia.
EU pushes for stiff penal sanctions for ship-source pollution, accidents
SHIPOWNERS are watching closely, and with some concern, plans by European legislators to introduce stiff penal sanctions for ship-source pollution and accidents.
China develops vessel that prevents nausea
NEW Century 1, the first round-the-clock 'seasickness free' vessel developed by China, was delivered to its owner on Jan 10, to provide accommodation for the offshore oilfield staff in China's Bohai Sea, according to the latest edition of China Ocean News.

Air and Land Transport

New EU air travel rules may face legal challenge
A new European Union law increasing compensation that airlines must pay passengers bumped off flights faces a possible legal challenge from a group established yesterday to represent no-frills carriers.
Boeing CEO may turn to Asia to improve demand for orders
China purchases will boost Airbus' market share: Hu
More Boeing business jet orders expected
Aussie watchdog asks Saab to fix stall alarm
Teheran's long-delayed airport to open on Sunday

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Shipping News

New China law aims to woo more foreign port investments
A NEW law governing development of China's ports is now in effect, intended to give clear guidelines to encourage overseas and domestic investors and provide protection to investors' legal rights and interests.
S Korean govt privatises Busan container port
IN a bid to make Busan more competitive the South Korean government has privatised the country's largest container port as part of its ambitious goal to become the main hub port of North-east Asia.
EU pushes for stiff penal sanctions for ship-source pollution, accidents
SHIPOWNERS are watching closely, and with some concern, plans by European legislators to introduce stiff penal sanctions for ship-source pollution and accidents.
China develops vessel that prevents nausea
NEW Century 1, the first round-the-clock 'seasickness free' vessel developed by China, was delivered to its owner on Jan 10, to provide accommodation for the offshore oilfield staff in China's Bohai Sea, according to the latest edition of China Ocean News.

Air and Land Transport

New EU air travel rules may face legal challenge
A new European Union law increasing compensation that airlines must pay passengers bumped off flights faces a possible legal challenge from a group established yesterday to represent no-frills carriers.
Boeing CEO may turn to Asia to improve demand for orders
China purchases will boost Airbus' market share: Hu
More Boeing business jet orders expected
Aussie watchdog asks Saab to fix stall alarm
Teheran's long-delayed airport to open on Sunday

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Lianyungang to be added to CMA CGM's Jade Express service TSA lines bullish about world economy P&O Nedlloyd to refinance vessels Lion City christening for OOCL vessel Xinjiang cargo trade up 30 per cent in 2004 K&N to acquire Cat Group overseas logistics business Lufthansa Frankfurt cargo centre given security makeover Malaysia Airlines inks financial system installation deal Continental to offer Sacramento-Newark service

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'Indian shipping in pink of health' - Shatrughan Sinha completes one year as Shipping Minister SCI net profit rises by impressive 74.80 pc in Q3 Essar Shipping complies with ISPS code Hanjin's Patmos Senator makes maiden call at NSICT as part of MIX service - Discharges 842 TEUs, goes off with 1,131 TEUs of export boxes 4 tea processing units to come up near Kolkata Port Construction work begins for second wharf at Old Mangalore Port TAMP decision on CoPT tariff welcomed More land, longer quay hold key to NSICT's congestion problem: Capt. Jimmy Sarbh PPT to float tenders for dredging work soon Nitish Kumar dedicates ICD-Dadri to the nation - Billed to be Asia's largest multimodal hub soon CONCOR to usher in e-transfer of funds system India's GDP projected to touch $ 650 bn RBI working groups on states' core projects soon Mini-Exim Policy eases export procedures, reduces transaction costs EDI filing of bills to become mandatory for trade in eastern region from Feb. 1

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JANUARY 28, 2004
Weather affecting US East Coast markets, demand remains healthy Weather conditions on the US East Coast are having a clear impact on the region's bunker markets this week. Some suppliers in New York in fact had closed their offices today due to the bad weather, leaving their traders to work from home. There are of course more market-related effects of the recent adverse weather... US crude stocks hit fresh 28-year low, distillate stocks healthy US commercial stocks of crude fell by 1.5 million barrels to a fresh 28-year low last week according to the latest data from the US Department of Energy. Despite a sharp draw, the DOE said stocks of heating oil are sufficient to cover demand through the rest of the winter. Australia: Port Kembla fire not seen spreading to bunker tanks Port Kembla south of Sydney, Austrlia, was rocked by a massive explosion this morning when a storage tank containing seven million litres of ethanol exploded. The fire posed a grave danger to adjacent tanks, of which at least one is filled with marine fuel oil. New Saudi posted prices, Red Sea ports remain tight Selection of the latest DOE & API data Big personnel move as EMMF announces strategic relocation Today's announcement means a mass exodus of EMMF traders from Leatherhead (UK) to Antwerp (Belgium) is imminent. Greek refinery stock-take interrupts Piraeus prompt A scheduled stock take by refineries in Piraeus may affect prompt supplies in the port until after the weekend. O.W. Bunker announces new general manager in Germany

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Overnite introduces e-mail service in Excel format World Bank commits USD 1 billion to Ghana's development DHL wins logistics contract with HP Korea Delta 3 intermodal terminal inaugurated in Dourges Transaero to increase frequency of London-Gatwick/Moscow flights Grimaldi Ferries with daily Rome-Barcelona service New appointment for BAWC in the USA

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JANUARY 28, 2004
"Rocknes" towed to offshore base More Chinese tankers to A.P. M'ller-Mærsk Star Reefer in profit - just

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JANUARY 28, 2004
Montreal port booms Puerto Rico plans new port Vroon refocuses fleet Clipper orders in India

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JANUARY 28, 2004
TSA member carriers look for economic growth Stockholm, Doane make moves at Matson Navigation Company Seattle-Tacoma Airport saves tons on coffee grounds Corps' Portland District publishes updated history Navy adds two T-AKE ships to NASSCO's order backlog

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Bird flu takes toll on reefer volumes SHIPPING lines are feeling the impact on reefer container volumes from Thailand as the bird flu sweeps across Asia. Threat to all Asia's poultry exports THE spread of the highly pathogenic Avian influenza, or bird flu, in several parts of Asia, not only poses a threat to human health but could also devastate major poultry exporters such as China, Hong Kong and Thailand, international experts have warned. Mitropoulos and Patten throw their weight behind bid to win freedom for Karachi Eight INTENSIVE lobbying on behalf of the 'Karachi Eight' continued this week, with meetings between the ship's insurer, the American Club, and International Maritime Organisation secretary-general Efthimios Mitropoulos and London-based Pakistani diplomats. Festival battles on despite new arrests FESTIVAL Cruises continued its resistance yesterday to the Alstom group and other owner-investors who have immobilised three of its cruiseships in the last two weeks, following what appears to have been a partly successful appeal to a Marseilles court.

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JANUARY 28, 2004
Tanker spills oil at Azov sea port ONE tonne of oil spilled this afternoon at the Russian port of Kavkaz on the Kerch Strait that divides the Sea of Azov and the Black Sea V. Ships expands Hamburg team SHIP manager V. Ships has appointed former Orion Schiffahrts technical director Allan Hansen to the position of MD at its Hamburg office Gdansk box terminal wins approval POLAND finally gave the green light today for the construction of a container terminal at the port of Gdansk German ports fear plant guidelines GERMANY'S main ports are concerned that an EU Commission initiative to protect nature reserves will scupper expansion plans Festival compensation falls short A court in Marseilles, France has granted Festival Cruises compensation of €300,000 ($377,000) following the arrest of its Mistral Izar unions gather at Madrid HQ SPANISH shipyard workers gathered outside Izar's head offices in Madrid today in the first of a wave of new protests that will end with 24-hour strike action on 5 March Tuapse loses business to rivals Eleven US seafarers on terror list SCI expansion plan approved Scare hits Pakistan's poultry trade Botany plans win green boost Shipbuilders develop AGV technology Australia assesses salvage needs Inchon set for box growth Singapore testing new tracking device Piracy attacks against crew rising

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JANUARY 28, 2004
Customs taking integrated approach implementing increased box security Agency plans to link information technology with Container Security Initiative, other programs, to protect global supply chain. ILA, employers want pact by March 31 Longshoremen, employers eye new contract six months before the current pact expires. Charges hit Norfolk Southern income Canadian National profits climb Containers surge at Halifax OOCL parent eyes Shanghai port project Income climbs for JB Hunt, Swift Homeland security, FDA on COAC agenda British Airways to slash costs BDP acquires German, French firms Pilot Air Freight posts record quarter Marad seeking comments on IM surveys

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JANUARY 28, 2004
Vessel value marker for PONL refinancing deal The 14 ships to be re-financed by P&O Nedlloyd this year will provide returns for a €200million (US$252.82) closed fund in Germany, in a charter-rates deal based on the ships' value. Tonnage-scarcity prompts record week's jump in charter index Even with the disruption of Chinese New Year last week, the charter market has seen its biggest single weekly jump, as rates surged 3%, driven by continuing lack of capacity. Chassis safety programme announced by USDOT Seven on Cochin transhipment terminal shortlist Return to professional haulage companies says Malaysian trucker association Intermodal income holds up CN revenues HGK to launch third international block train Rhenus takes remaining 50% in Unikai ports on the Rhine Port of Halifax sets box record

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JANUARY 28, 2004
Rocknes inquiry told of uneven cargo loading While salvors tow upturned hull to nearby island to retrieve bodies. Plan for LA daytime fee stalls Proposal to impose new charge on boxships runs into anti-trust row. Festival wins legal action But three arrested cruiseships remain marooned as talks continue. BHP bids for offshore LNG terminal Port Cabrillo latest focal point in battle to bring gas into US west coast. D-Day for DIS Eleventh hour bid to stop Danish International Ship Register being branded flag of convenience. Lenac wins bulker repair job Bankrupt Croatian yard to work on ship that grounded off Algiers last month. Cross-Channel hop for EMMF ExxonMobil's bunker arm moves international sales team from UK to Antwerp. Oman confirms LNG options Government firms up final ships for its Qalhat train. New Zealand to study LNG imports Poten and Kellogg Brown & Root appointed to find terminal sites. Tanker crew paid at last Owners of Juba settle outstanding wages for November and December after trip to Slovenian repair yard. Vessel sales save Star Reefer owner expects profit for 2003 after making timely ship disposals. SCI moves ahead with fleet plans Government green light for company to progress newbuildings POL aims to go door-to-door Polish liner operator plans full logistics service with new consortium. Ghana new piracy hotspot West African nation suffers three incidents in six days to gain unwanted notoriety. QE2 cancels Kiwi call Safety and passenger concerns force cancellation to Bay of Islands in northern New Zealand. Todd starts to turn it around US yard returns to profit in third quarter as end of naval element of Iraq war restores repair volumes. Durres Kurum reaches out overseas Reborn Albanian shiprepairer wants foreign vessels in its docks once again.

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JANUARY 28, 2004
TACA plans rate hikes amid eastbound trade recovery Piracy attacks on ships soar "Rocknes" grounded on prior voyage Mineta: Airport capacity is key to U.S. aviation supremacy Hamre to head U.S. advisory panel on aviation U.S. to regulate safety of intermodal chassis Web site for logistics professional advancement launched China buys x-ray machines U.S. Coast Guard seeks more police powers Port of Montreal traffic up 5% in 2003