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Shipping News

Shenzhen port's box volumes soar 40%
UNSTOPPABLE growth at China's southern port of Shenzhen has continued through October, sustaining a container throughput growth rate of 40 per cent in the first 10 months of this year.
Carnival shifts Miami sailings to avoid trade-talk crowds
CARNIVAL Cruise Line, the flagship line of the world's biggest cruise group, will shift 14 cruise sailings away from Miami to avoid crowds expected for the Free Trade Area of the Americas meetings this month.
Floating hotels to house Olympics family
OLYMPIC organisers unveiled the first of 11 luxury cruise ships that will help to fill an accommodation shortfall for the Athens Games.
Fog delays ships in Panama Canal
SHIPS waiting to sail through the Panama Canal, the waterway that links the Pacific and Atlantic oceans, are experiencing delays as much as three days because of fog, the canal's operators said.

Air and Land Transport

Virgin, partners to invest US$200m in new US carrier
RICHARD Branson, the UK billionaire entrepreneur, said Virgin Group and its partners may invest about US$200 million to set up a low-cost airline in the US next year.
Chinese airlines plan to buy up to 30 Boeing aircraft
Risk coverage for SIA, Changi airport extended
Heathrow faces 2nd strike
EADS seen widening Q3 loss on jet delivery drop, space woes
LOG Book

web site

Shipping News

Shenzhen port's box volumes soar 40%
UNSTOPPABLE growth at China's southern port of Shenzhen has continued through October, sustaining a container throughput growth rate of 40 per cent in the first 10 months of this year.
Carnival shifts Miami sailings to avoid trade-talk crowds
CARNIVAL Cruise Line, the flagship line of the world's biggest cruise group, will shift 14 cruise sailings away from Miami to avoid crowds expected for the Free Trade Area of the Americas meetings this month.
Floating hotels to house Olympics family
OLYMPIC organisers unveiled the first of 11 luxury cruise ships that will help to fill an accommodation shortfall for the Athens Games.
Fog delays ships in Panama Canal
SHIPS waiting to sail through the Panama Canal, the waterway that links the Pacific and Atlantic oceans, are experiencing delays as much as three days because of fog, the canal's operators said.

Air and Land Transport

Virgin, partners to invest US$200m in new US carrier
RICHARD Branson, the UK billionaire entrepreneur, said Virgin Group and its partners may invest about US$200 million to set up a low-cost airline in the US next year.
Chinese airlines plan to buy up to 30 Boeing aircraft
Risk coverage for SIA, Changi airport extended
Heathrow faces 2nd strike
EADS seen widening Q3 loss on jet delivery drop, space woes
LOG Book

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NOVEMBER 5, 2003
Hamburg Sud opens regional headquarters in Hong Kong DHL arm offers faster HK-Ukraine delivery New Bimco chief Tung urges rational approach to shipping regulation Cosco records US$9.7m third quarter profit Auckland container volumes on the rise Container carrier seen as milestone for Jurong Shipyard Ecu-Line begins service from Antwerp to Huangpu Gac to expand Dubai facility Automated system meets with P&O Nedlloyd's expectations Cargo lifts China Airlines bottom line Fitch forecasts `B' rating on Northwest certificates New chiefs for marketing and sales at Lufthansa Cargo Eva Air adds flights to winter schedule

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India, China agree to review anti-dumping issues Cotton exports to continue Dumping probe into imports of nylon tyre cord from China Mercury imports shoot up Demand rising for Californian grapes Shipping Ministry moots regulatory body for private agencies in ports NSICT breaks another record-its own! - Handles 110,493 TEUs in October Kandla Port receives 1st regular train with export boxes from ICD-TKD Paradip Port now provides 24-hour pilotage services DHL to begin LCL consolidation at Kolkata Port too Railways goes in for freight operations info system Railways spends less, saves Rs 1045 cr. in April-Aug Tea trade feels 10th Plan targets are too ambitious Govt confident of fiscal deficit remaining steady South leads in software exports: ESC Tirupur trade body wants RBI to allow rupee invoicing Centre reverses postings at secretary level India-EU business meet on November 29 Talk on N-E region at IMC today Kerala plans business meet in February 2004

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NOVEMBER 5, 2003
Panama: Avails improved, market split Bunker alerts are in danger of becoming junk mail "Owners should be cautious with respect to automatically generated bunker alerts," says John Dixon, managing director of Lintec Testing Services. Crude rebounds on unexpected US oil inventory reports Overview of latest US oil inventory data New Riga bunkering terminal to offer full product range soon Vexoil told Bunkerworld this week that the company has been able to offer supply of IFO380 as well as MGO at its new Riga terminal since late September, but expects to have available a full range of HFOs from next week. Demand on the up in Korea Greek bunkering continues fine run New Saudi posted prices Primorsk expansion key to rising Russian oil exports Russia boosted crude oil shipments by 9 percent in September, but exports through Russian pipeline monopoly Transneft fell by 2.5 percent in October due to severe weather conditions in the Black Sea. The question now is to what extent Russia will manage to continue a high level of exports during the winter months, which present a number of logistical problems. Early completion of expanded Primorsk export capacity may not make a difference just yet. Rotterdam market steady this morning

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NOVEMBER 5, 2003
SriLankan Airlines with new Switzerland country manager DFDS upgrades Immingham routes Singapore Airlines with better than expected results New partnership between French and Spanish road carriers Schenker: Three year contract with Bosch in China

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NOVEMBER 5, 2003
Color Line name new cruise ferry Russia and OPEC disagree on oil price target BP orders four LPG carriers

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NOVEMBER 5, 2003
New Iberia yard busy with crew boats Three under construction at Neuville Boat Works

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NOVEMBER 5, 2003
Port of Seattle posts record for cruise numbers in 2003 Mitsui orders new VLCCs with double-hull fuel tanks Astoria-based cutter recovers 31 bales of cocaine New entrance set to open at William R. Fairchild Airport Boeing converting passenger planes into cargo-carrying aircraft

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NOVEMBER 5, 2003
Court blocks ghost ship dismantling THE UK High Court has blocked the dismantling of the US Maritime Administration 'ghost ships' at Able UK's Teesside yard. The injunction had been put forward by the environmental pressure group Friends of the Earth to stop any modification to the waste management licence that had originally been granted by the UK's Environment Agency and subsequently withdrawn on 31 October Have your say! Are the Hull Clauses 2003, launched by London's Joint Hull Committee, too late to recapture underwriting business lost to Scandinavia? Have your say UK warns against ISPS delays UK ship and port operators have been warned that failure to prepare in time for the July 2004 ISPS Code deadline will have serious commercial implications Belships takes $10M hit BELSHIPS has recorded an extraordinary loss of $9.6M caused by the write off of its 60% holding in Gibson Gas Tankers, which dragged its third quarter net loss to $10.2M Tallinn boosts Silja profits A STRONG rise in passenger and freight volumes boosted third quarter earnings at ferry operator Silja, which forecasts a full year result better than that of 2002 SSA to cut Umm Qasr tariff SSA Marine is to reduce the marine tariff for the Iraqi port of Umm Qasr from 15 November in a move aimed at attracting reconstruction and commercial cargoes London JHC launches new clauses Maltese yard restructure sealed New twist in Tasman Spirit saga Transneft cuts Lithuania loading Ship attacks leave bridges unmanned Princess warns Helsinki over fees High fees lie behind ISPS delay Danish line files for bankruptcy GL acts on engine quality decline Seafarer dies putting out ship fire

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NOVEMBER 5, 2003
EU plans sanctions against U.S. European Union threatens retaliatory sanctions on up to $4 billion worth of US exports, threatening eastbound trans-Atlantic container traffic. British Airways cargo recovery Europe's biggest airline extends rally reclaiming business lost to Iraq war, downturn in global air-freight market. Air lifts Expeditors net Forwarder's third-quarter profit was $32.6 million, up from $30.6 million a year ago. ILA endorses Gephardt ITF resists 'ports of convenience' Asia rally boosts KLM cargo Horizon Lines names CFO New yard to ease Chittagong congestion Vietnam to create new port near Saigon CSX chief commercial officer to retire FedEx chooses Kazakhstan for refueling Shipping Act change coming, but only for UPS, FedEx? Shanghai weighs free-port status

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NOVEMBER 5, 2003
SA exporters eye Maputo as alternative to congested Durban South African exporters are looking to Maputo as an alternative to Durban Container Terminal (DCT) which remains heavily congested despite the authorities' best efforts. Italian rail operator enters central European intermodal cargo market Ferrovie Nord Cargo (FN Cargo) announced at Rotterdam's intermodal conference today that it intends to enter the maritime container transport market in 2004. Fortunes cooking: Chinese New Year seen as charter market turning point Launch of Bay Area satellite ports aimed at cutting shipper costs Moody's mulls PSA Corp rating upgrade Bas Bredius succeeds Kritikos as Ceres Paragon CEO P&I premiums on the way up in 2004/5 Court orders Brazilian dockers back to work Two dockers die at Ulsan Freight at the end of high-speed Chunnel? Correction: Hupac acquire Rhenus DIT shares

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NOVEMBER 5, 2003
Holland America takes Kruse Vice president shunted up to president and chief operating officer. Algoma profits rise Earnings increase though Marbulk refinancing reins in final result. Carnival to raise $500m Dual-listed company plans bond offering to repay euro debt. UK tells Ghost Fleet to go home Officials say they have advised controversial ships to turn back unless a new plan found. Seatrade crew marooned in Nigeria Dutch manager still to learn of any charges against tanker seven weeks after arrest at Lagos. Court ruling "blocks" ghost fleet Legal ruling stops work on US ships until December 8. Latvian Shipping bursts into the black Riga owner boosted by tanker market in first nine months, but third quarter disappoints. Government takes over Maltese yards New company to be formed from Malta Drydocks and Malta Shipbuilding to erase debts. Volgograd adds tanker Russian yard to build small ship for Malta-based owner. Judge boots out Society Expeditions bankruptcy Niche US cruiseship operator vindicated in fight against creditors. Belships in shock $10m loss Norwegian owner's share price drops 17% after gas writedown. Precious makes it three Greek deal sees Thai owner complete hat trick of second-hand bulker buys. HMM in surprise tanker order Korean firm returns to newbuilds after seven-year gap. Yantar wins Dutch business Kaliningrad shipyard to build two chemical tankers for Zanen. Great Eastern tanker hijacked Incident highlights growing concern over tanker attacks in Indonesian waters and potential consequences. For Mina al-Bakr read Al-Basra Oil Terminal Iraq's crude export terminal in the North Arabian Gulf has fallen victim to political correctness. Jurong names Schluter boxship Singapore-based shipyard sees christening of its largest ever containership newbuilding. Seacor Smit sees third quarter slump US-based marine vessel operator sees net profits drop to nearly one tenth compared to twelve months ago.

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NOVEMBER 5, 2003
Lykes joins U.S./Oceania carrier groups Another carrier leaves U.S./West Africa discussion agreement FMC chairman Blust meets COSCO CEO Wei in Beijing ICC warns of potential "environmental disaster" due to Asian tanker attacks Depressed U.S./Venezuela trade kicks Seaboard into the red Hamburg Sud sets up Asian headquarters in Hong Kong OTAL switches U.K. headquarters Asia/West Coast South America carriers increase rates MOL adopts double-hull fuel tanks for VLCCs Expeditors reports 6% increase in 3rd-quarter earnings despite poor August LanChile Cargo picks GF-X for electronic bookings Lufthansa Cargo makes changes in sales, marketing staff UP successful in Overnite spinoff Vexure names Martinez sales director for TRT Carriers EU imposes $4-billion retaliation duties on imports from U.S. GeoLogistics appoints Ranchon CEO of its French subsidiary USDA: Wood-packaging treatment rules set for April or May U.S. to reopen trade with Serbia Pindar Systems names Roache CEO U.S. Customs to extend operating hours at Otay Mesa