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Shipping News

Dubai Ports Int'l bags Cochin project
DUBAI Ports International has bagged India's latest container terminal tender after the Cochin Port Authority revealed the Dubai operator was the highest bidder for the port's transhipment terminal project.
Port Klang imposes handling fees on boxes for screening
MALAYSIA's busiest container port, Klang, has imposed extra charges for box movements related to security screening under the US Customs' Container Security Initiative .
AP Moller earnings, outlook for 2004 disappoint investors
SHARES in Danish oil and shipping group AP Moller-Maersk fell 10 per cent on Friday after the firm reported lower-than-expected full-year profits and predicted no improvement in the net result this year.
Salvage ops trace no missing crewmen
SALVAGE operations to locate and remove the 18 missing crew and fuel oil from the sunken Singapore-flagged tanker Bow Mariner off the US East Coast ended last Friday, with no seamen located.
Keppel Singmarine to build AHTS for Smit
KEPPEL Singmarine will build two locally-designed Anchor-Handling Tug/Supply vessels for Smit Transport & Heavy Lift BV, with a three-month option for two more larger vessels.
Descendants of slaves to claim damages against Lloyds
DESCENDANTS of Black American slaves said yesterday they planned to sue London's oldest insurance firm, Lloyds, for compensation for allegedly underwriting the ships used in the slave trade.

Air and Land Transport

Back from the brink, AA still faces manifold threats
AMERICAN Airlines has pulled back from the brink. Now all it has to do is figure out how to stay on top of the brutally competitive airline industry.
Beijing airport begins US$2.3b expansion
Short delays at some airports to avoid longer ones at others
SIA Cargo may up fuel surcharge
France bars Luxor Air after wrong flight path
LOG Book

web site

Shipping News

Dubai Ports Int'l bags Cochin project
DUBAI Ports International has bagged India's latest container terminal tender after the Cochin Port Authority revealed the Dubai operator was the highest bidder for the port's transhipment terminal project.
Port Klang imposes handling fees on boxes for screening
MALAYSIA's busiest container port, Klang, has imposed extra charges for box movements related to security screening under the US Customs' Container Security Initiative .
AP Moller earnings, outlook for 2004 disappoint investors
SHARES in Danish oil and shipping group AP Moller-Maersk fell 10 per cent on Friday after the firm reported lower-than-expected full-year profits and predicted no improvement in the net result this year.
Salvage ops trace no missing crewmen
SALVAGE operations to locate and remove the 18 missing crew and fuel oil from the sunken Singapore-flagged tanker Bow Mariner off the US East Coast ended last Friday, with no seamen located.
Keppel Singmarine to build AHTS for Smit
KEPPEL Singmarine will build two locally-designed Anchor-Handling Tug/Supply vessels for Smit Transport & Heavy Lift BV, with a three-month option for two more larger vessels.
Descendants of slaves to claim damages against Lloyds
DESCENDANTS of Black American slaves said yesterday they planned to sue London's oldest insurance firm, Lloyds, for compensation for allegedly underwriting the ships used in the slave trade.

Air and Land Transport

Back from the brink, AA still faces manifold threats
AMERICAN Airlines has pulled back from the brink. Now all it has to do is figure out how to stay on top of the brutally competitive airline industry.
Beijing airport begins US$2.3b expansion
Short delays at some airports to avoid longer ones at others
SIA Cargo may up fuel surcharge
France bars Luxor Air after wrong flight path
LOG Book

	web site

Cosco Pacific terminal throughput up 33pc in 2003 Fuzhou trade rises 38pc in January, February HK, Sri Lanka sign avoidance of double taxation agreement US passing on security costs to poorer nations, says security expert APL to own organisation in Russia SIA launches service to Nanjing Air New Zealand receives seventh A320 Malaysia Airlines doubles flight frequency to HK Cathy Berg named MD Sales for American

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MARCH 29, 2004
Reports: Chinese close to deal for direct HSFO import Malaysian trading house reported to be close to finalising deal Egypt: Demand drops, fuel oil tight in Port Said Bearish bias to crude ahead of OPEC meeting Oil prices were trading lower again today on market speculation that OPEC will not follow through a February decision to cut one production by million barrels per day with effect from April 1. The oil producer cartel meets on Wednesday. Energy crisis extends to halt Uruguayan bunker supplies No bunker deliveries for at least a week as players lament bad timing of avails wipeout. Demand in Gibraltar pushes earliest dates into April Brazil: Personnel Move Rotterdam steady despite weaker crude Koch's Rotterdam to Singapore fuel oil fixture confirmed US trader and refiner Koch has fixed a VLCC to take 275,000 mt of high sulphur fuel oil (HSFO) from Rotterdam to Singapore, loading on April 5. BP prepares for return to Brisbane market Brisbane rival Caltex reports brisk business during oil major's maintenance-forced absence Bunker operations normal after refinery fire suspension Friday afternoon fire in crude tanks at ExxonMobil's Singapore refinery sees bunker berths closed for nine hours. Singapore set to benefit as Korean fuel oil exports shrink Two of South Korea's five refiners plan to make sharp cuts in spot exports of high sulphur fuel oil (HSFO) in April. Less Korean supply combined with expectations for higher HSFO demand from China next month means Singapore stands to gain from improved cargo demand.

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MARCH 29, 2004
inet-logistics GmbH takes home the German ASP Award 2004 EU Commission is to check road users charges in accession countries Stef-TFE generates more sales in 2003 BNSF selects Memphis Intermodal Facility for expansion plan KLM to launch services to three new destinations APL expanding into Russia Georgia Ports Authority appoints Wilson Tillotson as Director

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MARCH 29, 2004
AP Moller buoyed by box rates Bow Mariner salvage ends US tug company faces US$10m fine Strike Club warns of increasing port risks NorseMerchant revives service

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MARCH 29, 2004
ILO moves on "biometric" for seafarer's ID The International Labor Organization (ILO) last week adopted a new "biometric" identity verification system for some 1.2 million maritime workers Ballast water treatment wins INTERTANKO challenge Suffocates the little critters while cutting tank corrosion Bow Mariner salvage ends Eighteen seafarers still missing

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MARCH 29, 2004
Washington State Ferries brings back BC run for Spring BOW MARINER salvage effort called off following video search Port of Bellingham's AIRFEST moving to last weekend of June General Maritime buying Portuguese tanker company Portland Airport noise meeting scheduled for April 8 in Vancouver

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'Marriage made in heaven' sees Casjens join Nordcapital Günther Casjens, the high-profile liner shipping boss who resigned from Hapag-Lloyd in January, is to return to the front line as chief executive and managing partner of Erck Rickmers' Nordcapital Holding. ILO backs biometric ID cards ignoring UK plea for more time THE International Labour Organisation has finally backed the introduction of biometric identification documents for 1.2m seafarers worldwide, rejecting a British plea for a delay on technical grounds. Box trades boom may cause cut in services THE world's container trades face the curious prospect of seeing services axed at a time when the fleet is growing at a record rate and cargo volumes are booming. Tapias on list of suitors for Galp subsidiary Sacor HOT on the news that General Maritime is to pay around $400m for Portugal's Soponata, reports have emerged that another Portuguese carrier, Sacor Mar'tima, is in acquisition talks with three prospective buyers. Asian rap for piracy 'rhetoric' ANTI-piracy campaigner Alan Chan has sharply criticised Asian governments and shipping bodies for a lack of concrete action on piracy despite plenty of rhetoric.

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MARCH 29, 2004
SSW gets aid but with conditions BREMEN Senate has agreed to grant ailing German shipyard SSW "rescue credit" of €2.9M ($3.5M) in compensation for losses from the Pride of America accident, subject to the yard fulfilling certain conditions Russian terminal runs out of juice A PROJECT to supply the growing Russian fruit juice market with a new 200,000-tonne terminal at Latvia's Ventspils Baltic Sea port has run out of money Auction announced as Festival waits WHILE Festival Cruises awaits a date for crunch talks with its French creditors, Barbados Supreme Court advertises the auction of its flagship European Vision HBK confirms Van der Giessen rumour Today steel manufacturer Hollandia Bailey Kloos confirmed rumours about the takeover of ailing shipbuilder Van der Giessen - De Noord's site Strike Club issues 'wake-up call' FOLLOWING recent port closures and the terrorist attack at the Israeli port of Ashdod, the Strike Club has issued what it calls a 'wake-up call' to shipowners and charterers UK intoduces tougher alcohol limits THE UK will introduce stricter alcohol limits for seafarers tomorrow. The new limits come in the wake of the recent sentencing of a drunken master who crashed his dredger US investors eye Pakistan projects MSC wins new Fos concession Seabulk cuts its losses Simon seriously considers offer Norse Merchant resumes service Nenaco tries to suspend debt payment Smit to remove Karachi wrecks Australia wins wheat contract Iraq halts Ceyhan deliveries WG&A ordered to remove ferry

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MARCH 29, 2004
Trans-Pac lines see strong March Carriers predict strong first quarter after Feb. lull. Lufthansa adds Brussels-NY flights Airline launches direct services five times a week; signs long-term deal with DHL. A.P. Moller wants to double shipping share U.S. plans Panama trade talks Tariffs a "tax" on consumers: Study Stunning turnaround for Zim Profit at Kuehne & Nagel Hike for India-Far East rates Norfolk Southern opens Honda rail yard Euro losing U.K. exporters' support: Survey New Hong Kong chief for CSX World Terminals Singapore Airlines adds Colombo, U.S. flights

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MARCH 29, 2004
Nedlloyd opens rights issue offer at 40% discount Royal Nedlloyd has confirmed the terms of its €190million (US$230.37million) rights offer, making its new ordinary shares available at €20.79 (US$25.20) - a 40% discount off Nedlloyd's opening price today. Casjens joins Erck Rickmers' expansion rollercoaster Former Hapag-Lloyd board member Gunther Casjens is to join Erck Rickmers on April 1 as Group CEO and managing partner of Nordcpaital, the company announced today. Port Klang users protest CSI charges April launch for Alianca's Andes service Marseille's Fos Phase II bidding won by MSC UK government refuses to back private rail project SBB Cargo to invest in Italian job Intermodal truckers ratify CN agreement Hasco to start express delivery service Freightliner offers pay-as-you-go UK boxtrains P&O shareholders approve independent listing Healthy TT Club returns despite write downs Mak takes over CSX HK operations

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MARCH 29, 2004
Second credit agency will review Genmar's ratings Moody's joins S&P in scrutiny of Soponata deal, but Genmar shares register 11% rise in New York in heavy trading. Eastwind safely in Florida port Coast Guard still probing what caused bulker's grounding, but only minor mechanical damage and no environmental harm result. Rocknes is righted Tragic bulk carrier floats with an 18 degree list following successful parbuckling. Genmar shares lead tanker rally Georgiopoulos company sees highest trade in two months amid Soponata reaction, OPEC huddling and overall upbeat mood. Torm to up share capital Danish owner says it wants to improve company liquidity. Everton cargo to be transhipped Polembros sends 25 years old Alfaship to fire damaged Arabian Sea tanker. IHC looking for yard buyer Dutch Merwede and IHC Holland shipbuilders up for grabs from April. Iraq may sell shipping company Joint Syria-Iraq cargoship line could soon be open to private investors. Precious splashes cash Thai bulker owner will use spare funds to buy back up to 5% of its shares. Let the good times roll Clarkson guru Martin Stopford predicts at least two more years feasting for shipowners. Bosporus grounding ends Crisis resolved as elderly products carrier resumes voyage after engine failure. Nenaco seeks shelter Troubled Philippine ferry owner files for protection from creditors as it tries to reorganise debt. Royal Nedlloyd details offer Boxship owner to raise $230m for P&O Nedlloyd stake buy. Bow Mariner salvage ends But bodies of missing 18 crew remain undiscovered. Basrec boosts bottom line Bahrain shiprepair group survives strong competition to increase profit in 2003. China Merchants profits bloom Hong Kong-listed tanker owner and ports group pushed up earnings by two-thirds in 2003. Stolt-Nielsen launches bonds Observers ask if company can achieve desired price a week after ejection from amnesty program. New repair yard for Ukraine Sevastopol has a new facility as holding company SMZ launches Industrial Sea Complex. Alien bug buster wins award Peter McNulty collects Intertanko environment award for NEI ballast water treatment system. Single hulls may survive to 2015 But Intertanko survey shows they are already becoming an endangered species.

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MARCH 29, 2004
P&O stockholders approve P&O Nedlloyd sale Zim joins new Montreal/North Europe link Agresti named to run P&O Nedlloyd's North America trades OMI Corp. says crewmember alleges MARPOL violation FMC, Cargill settle lower Mississippi River tug franchise dispute Seabulk reports more losses for fourth quarter, year United Arab Shipping Co. leaves India/America service Evergreen starts Singapore/Durban shuttle Saks Inc. picks FedEx companies for shipping services CN, CAW truck operators ratify new labor agreement Trucking association receives $19 million for highway security program U.S. rail security gets more attention after Madrid bombing Prospects bright for U.S. customs brokers, says new Customs deputy China Global Logistics Network to hold meeting in Beijing FMC revokes 7 OTI licenses from Nov. 17 show cause order U.S. still willing to deal on agricultural tariff reductions, food aid U.S., Panama to start free-trade negotiations TT Club writes off investment in Bolero.net venture USAID helps stimulate AGOA benefits TRADE program U.S., 11 other countries will continue methyl bromide use in 2005 New Zealand Customs to spend $17.9 million on cargo X-ray equipment IES offers Web-based program to meet Canada's advance manifest rule LaGrange next AAPA chairman Long Beach LNG permit process moves along

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MARCH 29, 2004
Single-hull VLCCs to 2015 Some 19 million DWT of single-hull tankers were withdrawn from the market last year, and a similar tonnage is ... Open door can have caused the flooding on "Stena Nautica" At least one door between watertight bulkheads was open on the "Stena Nautica" when she collided with the cargo vessel ... Russian oil export continue to grow Russia exported 207 million tons of oil last year, according to SeaNews.ru. This year, exports are expected to reach 242 ...