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Shipping News

Use of electronic seals won't solve box security problem
THE current industry focus on electronic container seals and 'smart containers' to enhance container security is misleading and the use of technology could actually compromise security, according to a grouping of ocean shipping carriers, shippers and retailers.
PSA's S'pore, overseas volumes continue to rise
PSA Corporation's Singapore container volumes are up 7 per cent in the first 10 months of the year, while its overseas volumes surpassed last year's total in October.
ITF threatens to act against 'ports of convenience'
THE International Transport Workers' Federation has threatened to launch a 'ports of convenience' campaign, condemning the European Parliament's port reform proposals.
Virus-stricken ship returns to Southampton
THE luxury British cruise ship stricken by a highly contagious stomach virus docked yesterday morning in the southern English port of Southampton, the ship's owners said.
Odfjell's Q3 hit by cartel fine
NORWEGIAN shipping group Odfjell said that it swung to a net loss in the third quarter, hit by a fine in a US antitrust case over cartel activity in the chemical tankers market.
America's toxic 'ghost fleet'
PROTESTERS from environmental group Friends of the Earth , hold banners as Phil Shiner, representing the local residents of Hartlepool northern England and Phil Michaels a lawyer for Friends of the Earth address the media outside the Royal Courts of Justice, London.

Air and Land Transport

Fall in jet deliveries, space losses hit EADS results
AIRBUS parent EADS posted a third-quarter net loss and a sharp fall in core profits yesterday, hit by a drop in jet deliveries at its plane-making unit and persistent weakness in its space business.
BA's Oct traffic up 4%
Airline seeks more capacity to Israel
Lufthansa in talks to form partnership with Aeroflot
BAA's profit down in first half
LOG Book

Admiralty Casebook

Limitation fund excludes legal costs awarded to claimant
AN Australian court recently decided on an important question of practice and procedure on how the 1976 London Convention on Limitation of Liability for Maritime Claims was to be construed.

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Shipping News

Use of electronic seals won't solve box security problem
THE current industry focus on electronic container seals and 'smart containers' to enhance container security is misleading and the use of technology could actually compromise security, according to a grouping of ocean shipping carriers, shippers and retailers.
PSA's S'pore, overseas volumes continue to rise
PSA Corporation's Singapore container volumes are up 7 per cent in the first 10 months of the year, while its overseas volumes surpassed last year's total in October.
ITF threatens to act against 'ports of convenience'
THE International Transport Workers' Federation has threatened to launch a 'ports of convenience' campaign, condemning the European Parliament's port reform proposals.
Virus-stricken ship returns to Southampton
THE luxury British cruise ship stricken by a highly contagious stomach virus docked yesterday morning in the southern English port of Southampton, the ship's owners said.
Odfjell's Q3 hit by cartel fine
NORWEGIAN shipping group Odfjell said that it swung to a net loss in the third quarter, hit by a fine in a US antitrust case over cartel activity in the chemical tankers market.
America's toxic 'ghost fleet'
PROTESTERS from environmental group Friends of the Earth , hold banners as Phil Shiner, representing the local residents of Hartlepool northern England and Phil Michaels a lawyer for Friends of the Earth address the media outside the Royal Courts of Justice, London.

Air and Land Transport

Fall in jet deliveries, space losses hit EADS results
AIRBUS parent EADS posted a third-quarter net loss and a sharp fall in core profits yesterday, hit by a drop in jet deliveries at its plane-making unit and persistent weakness in its space business.
BA's Oct traffic up 4%
Airline seeks more capacity to Israel
Lufthansa in talks to form partnership with Aeroflot
BAA's profit down in first half
LOG Book

Admiralty Casebook

Limitation fund excludes legal costs awarded to claimant
AN Australian court recently decided on an important question of practice and procedure on how the 1976 London Convention on Limitation of Liability for Maritime Claims was to be construed.

web site

Shipping News

Use of electronic seals won't solve box security problem
THE current industry focus on electronic container seals and 'smart containers' to enhance container security is misleading and the use of technology could actually compromise security, according to a grouping of ocean shipping carriers, shippers and retailers.
PSA's S'pore, overseas volumes continue to rise
PSA Corporation's Singapore container volumes are up 7 per cent in the first 10 months of the year, while its overseas volumes surpassed last year's total in October.
ITF threatens to act against 'ports of convenience'
THE International Transport Workers' Federation has threatened to launch a 'ports of convenience' campaign, condemning the European Parliament's port reform proposals.
Virus-stricken ship returns to Southampton
THE luxury British cruise ship stricken by a highly contagious stomach virus docked yesterday morning in the southern English port of Southampton, the ship's owners said.
Odfjell's Q3 hit by cartel fine
NORWEGIAN shipping group Odfjell said that it swung to a net loss in the third quarter, hit by a fine in a US antitrust case over cartel activity in the chemical tankers market.
America's toxic 'ghost fleet'
PROTESTERS from environmental group Friends of the Earth , hold banners as Phil Shiner, representing the local residents of Hartlepool northern England and Phil Michaels a lawyer for Friends of the Earth address the media outside the Royal Courts of Justice, London.

Air and Land Transport

Fall in jet deliveries, space losses hit EADS results
AIRBUS parent EADS posted a third-quarter net loss and a sharp fall in core profits yesterday, hit by a drop in jet deliveries at its plane-making unit and persistent weakness in its space business.
BA's Oct traffic up 4%
Airline seeks more capacity to Israel
Lufthansa in talks to form partnership with Aeroflot
BAA's profit down in first half
LOG Book

Admiralty Casebook

Limitation fund excludes legal costs awarded to claimant
AN Australian court recently decided on an important question of practice and procedure on how the 1976 London Convention on Limitation of Liability for Maritime Claims was to be construed.

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China-Japan box traffic continues to rise Tracking note requirement for west Africa-bound shipments Traffic flow test begins at US border crossing Empty boxes add to carriers costs, says Greybox Tanjung Pelepas installs advanced box handling system Report to outline potential of Colombo South Port KLM joins booking portal linking multiple carriers Almaty allows FedEx to boost capacity on HK-Paris run BA lifts more cargo Fresh produce transport study could save money for growers Northwest to offer Milwaukee-Phoenix flights

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Shipping cos seek more time to adopt new tax regime Garden Reach shipyard to be modernised GE Shipping takes delivery of India's largest tanker Mango exports may touch Rs 1-bn this year India, Tunisia agree to promote economic ties ESC signs MoU with Hungarian IT association VCTPL to acquire 2 rail-mounted quay cranes Develop smaller, inexpensive ports, urges Michael Pinto CONCOR commences train services between ICD-TKD & Port Pipavav - 8th port to be linked to Northern hinterland Rlys to increase speed of goods trains Asia, Middle East air cargo blooms amid global slowdown 15 foreign proposals approved Support services for exporters exempted from tax Govt may impose 10p cess on diesel, petrol RBI Governor projects GDP growth rate to exceed 7pc Tonnage tax bobs into sight Corporate tax collection target raised by 25 pc Software imports tax tangle to be sorted out soon Indore SEZ draws 9 bidders Dr K. Elangovan new Dy Chairman of ChPT Foreign Secy to speak at IMC today Russia plans rocket-speed plane! Boeing to convert passenger planes into freighters AIAI, IPCCI felicitate Polish Dy Minister Jacek Piechota IMC welcomes credit policy New MbPT Deputy Chairman assures labour a better deal

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NOVEMBER 6, 2003
Gulf Coast steady and quiet US Gulf Coast markets were reasonably quiet today following a surge of buying interest yesterday, prompted by massive gains in the crude markets and the consequent effect on pricing in Gulf Coast bunker markets. DOE expresses cautious optimism on heating oil outlook A mild October in most of the US helped stock builds in heating oil and propane, easing fears of a winter fuels shortage. ARA markets firm, mixed reports on demand Less than 40% of current Chinese fuel oil imports from Singapore Earlier this year, Singapore was typically the source of about 60% of Huangpu's fuel oil imports. Demand dies with Italian numbers on the rise Singapore: New team-member for Wilhelmsen Bunkers Singapore firms with crude, gains capped by inventory build A very bullish crude close last night following unexpected US inventory data naturally set prices in Singapore on a very firm footing this morning. However by market close, numbers were less bullish, quite possibly tempered by an unexpected build in Singapore stocks of residual fuels. Rotterdam sharply up with crude

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NOVEMBER 6, 2003
Birka Line approved by environment fund Brøvig orders tankers from Volgograd Tordenskjold owner sues liquidator

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NOVEMBER 6, 2003
Ferry captain pleads fifth amendment Declines to answer NTSB investigators Two more ferries on Ebay 1950-built car/passenger ferry and a 1986-built cat are on the electronic block Hornbeck announces increased revenues and a barge construction program Hornbeck Offshore Services, Inc. today announced that revenues for the quarter ended September 30, 2003 increased 26.5 percent to $28.2 million and gave details of a newbuilding program for its wholly-owned subsidiary, Hornbeck Offshore Transportation, LLC. ITF seeks UN action against piracy Problem should be brought to Security Council PGS leaves Chapter 11 Trading in new ordinary shares to start U.K. High Court blocks work on MARAD "ghost ships" Injunction granted until legal arguments resolved Appointments at Holland America Line Kruse and Giersdorf move up KMM restructures U.S. operations Closes Annapolis office

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NOVEMBER 6, 2003
Port of Tacoma commissioners retain posts following election Oregon governor backs loan for John Day industrial park Corps closing Ballard lock for annual maintenance Greenbrier works deal with BNSF to manage freight car repair billing Washington State Ferries closing Shaw terminal for repairs

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'Hostage' passenger on Aurora may sue for kidnap THE British Carnival Corporation subsidiary P&O Princess Cruises faces legal action from passengers on board its ship Aurora whose holidays were hit by an outbreak of Norwalk virus. Carnival shoulders $3.3bn debt load AS CARNIVAL sets about the task of absorbing P&O Princess and delivering the promised cost synergies to its constituents, a minor but by no means insignificant challenge looms. Evergreen gives Taiwan an ultimatum on tonnage tax SHIPPING tycoon Chang Yung-fa has given the Taiwanese government an ultimatum: sort out a tonnage tax or watch the Evergreen fleet reflag. Teekay mulls German KG market for tanker finance TANKER major Teekay is believed to be considering strengthening its financial structure further through sale-and-charter-back deals in the German KG market.

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NOVEMBER 6, 2003
HPH, PSA joint venture rumoured LEADING port operator Hutchison Port Holdings of Hong Kong is said to be in discussions with rival PSA Corp of Singapore over a possible joint-venture to operate the massive Yangshan port project in Shanghai, China Felixstowe moves on redevelopment FELIXSTOWE, the UK's leading container port, has today started the formal planning approval process for the redevelopment of its existing Landguard Terminal 'Hostage' ship gets ready for trip AS P&O Cruises norovirus infected cruise ship Aurora gets ready for another cruise, passengers threaten to sue over 'hostage taking' For Cenargo read Norse Merchant CENARGO the UK shipping group in administration since January will emerge early next month under a Norse Merchant group branding and with a new group managing director Gotland eyes de-listing THE board of Gotland Rederi, the Swedish operator recently hit by a bribery scandal, has decided to call an EGM about its delisting from the Stockholm Stock exchange Rotterdam finally raises tariffs ROTTERDAM Municipal Port Management will increase its tariffs in 2004 by two per cent after a two-year freeze Tax hike helps Genoa development Grain lifts Algoma profits Crew threaten action at Constanta Talks fail to end Fremantle blockade Lines must pay NZ security fee Transport Canada should act say MPs China helps Hanjin's profits soar

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NOVEMBER 6, 2003
L.A. ports ask for security funding Ports of Los Angeles and Long Beach are supporting bill to direct portion of customs duties to improve security. Hanjin posts profit, volume gains Revenue for the first nine months of the year grew 23 percent on an 11.7 percent increase in volume from a year ago. UPS, FedEx turn to U.S. post office to target mail-order shippers Delivery giants taking advantage of USPS discount to go after post office's biggest customers. BAA cargo off in first half Malaysia expects 10M boxes this year DHL introduces new trade automation service Norfolk Southern completes job cuts Man pleads guilty to shipping himself in crate DHL opens India express terminals Bangladesh land port could boost trade TFM of Mexico says court rejects VAT appeal EU plans sanctions against U.S. British Airways cargo recovery

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NOVEMBER 6, 2003
Barging past congestion: Antwerp cash injection to stimulate canal traffic Antwerp Port Authority has announced a scheme to stimulate inland barge container traffic will be extended to encourage shipments during the night and at weekends. SPIN doctors offer shippers freight travel scans EU beats trade war drum in face of US intransigence Trucks blockade Fremantle container terminals Car companies take to the river to avoid supply-chain bottlenecks Rotterdam raises harbour dues S.Korea to develop four container berths with private investment JNPT in hot water after debt restructuring fails Concor starts container trains from North India to Kandla Kombiverkehr boosts L'beck/Verona traffic Pipavav link to Jebel Ali offers Maersk new ME feeder outlet Maersk denies poor lashing caused Felixstowe chemical container accident

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NOVEMBER 6, 2003
Crash ship, tight lip Staten Island ferry captain takes "Fifth" before panel. Insurers launch new wording London marine underwriters have high hopes of new hull clauses. Carnival prices $550m in notes Unregistered offering draws 3.75% rate. JP Morgan starts coverage on US tanker owners Rates OMI 'neutral," and OSG as 'underweight' Aston launches tanker plan Russian dry cargoship owner is converting vessels to tap into Russian river-sea market. Chang warns Taiwan over tonnage tax Evergreen chief wants cheaper bills or his boxships could reflag overseas. UN to keep Liberian sanctions Report to security council urges help to rebuild "corrupted" register. Spot market woes for Solstad Weaker North Sea activity pushes down profits at Norwegian offshore shipping company. Stuve sues Tordenskjold Norwegian shipowner wants court to confirm his ownership of 23 cement carriers. WWF call for full spill cover Green group post-Prestige wants owners to pay all costs and a UN agreement on focs. Asahi Tanker takes on Idemitsu business Japanese owner to operate oil refiner's Munakata Kaiun products tankers. Vopak bails out of more shipping operations Dutch terminal company to offload stakes in Dockwise and Van Ommeren Clipper. Hanjin on a high Nine-month profit trebles on surging container rates. NYK bullish on profits Japanese giant's interim forecast jumps JPY 6bn as volumes and rates increase. Thoresen teams with Vinamar Thailand's Thoresen Group agrees strategic partnership with Vietnamese agency and broking company. Navigators sees bumper third quarter US maritime insurance group posts highest quarterly net income as it plans new P&I product. Aurora suffers further setback P&O Cruises' bug-hit ship suffers two fatalities but the deaths are not virus related says company. Conrad sinks deeper into the red Depressed newbuilding and repair activities take their toll on Southern US shipbuilding group. Trinity reports profit slump Third quarter net income at US-listed barge builder down over 70% on twelve months ago.

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NOVEMBER 6, 2003
NYK expects higher half-year profit EC to hold oral hearings on conference antitrust regulation A.P. Moller-Maersk first to gain group-wide C-TPAT validation Hanjin Shipping's net profit up 168% in first nine months Horizon Lines names Urbania CFO FedEx initiates Hong Kong/Paris service Montreal Convention for aviation enters into force FMC reviews 5 OTI license applications U.S. official calls UN resolution to lift Cuba embargo "misguided" Expeditors' 3rd-quarter earnings up 6% despite poor August European government orders L-3 truck-mounted screening system Dockers may boycott ships to protest against EU port liberalization