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Shipping News

Aussie watchdog probing liner group's soaring rates
AUSTRALIA's competition watchdog has launched a formal investigation into the Asia Australia Discussion Agreement's soaring freight rates on imports from North East Asia, threatening to recommend cancelling the conference's anti-trust immunity.
S'pore ratifies IMO's protocol against pollution
SINGAPORE enhanced its anti-pollution commitment yesterday, acceding to the International Maritime Organisation's new chemical pollution response protocol.
New York ferry crashes into pier, killing at least 10
ONE of New York's Staten Island ferryboats crashed while docking at the St George Terminal in Staten Island, killing 10 people and injuring 34 as wooden pier pilings ripped open a side of the vessel, New York mayor Michael Bloomberg said.
Filipino seamen's claims cannot be heard in US
THE families of Filipino sailors killed or injured in a boiler explosion on a cruise ship docked in Miami this spring cannot pursue their lawsuits in US courts.

Air and Land Transport

Qantas to start low-cost carrier to take on Virgin
QANTAS Airways, which had its first loss in eight years in the second half, will start a low-cost carrier to compete with Richard Branson's Virgin Blue Airlines, which has grabbed 30 per cent of the domestic market in three years.
Non-stop air travel will boost S'pore's hub status
New York City in airport leasing deal
Swiss eyes BA merger in oneworld move
EU deal on bigger payouts for bumped air passengers
Austrian Airlines pilots, attendants on strike again

Admiralty Casebook

Charterer's bills of lading incorporate terms of charterparty
JUST because a charterparty was not specifically identified in a bill of lading that did not mean that the terms of the charterparty was not incorporated into the bill, a US appeals court decided last week.

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Shipping News

Aussie watchdog probing liner group's soaring rates
AUSTRALIA's competition watchdog has launched a formal investigation into the Asia Australia Discussion Agreement's soaring freight rates on imports from North East Asia, threatening to recommend cancelling the conference's anti-trust immunity.
S'pore ratifies IMO's protocol against pollution
SINGAPORE enhanced its anti-pollution commitment yesterday, acceding to the International Maritime Organisation's new chemical pollution response protocol.
New York ferry crashes into pier, killing at least 10
ONE of New York's Staten Island ferryboats crashed while docking at the St George Terminal in Staten Island, killing 10 people and injuring 34 as wooden pier pilings ripped open a side of the vessel, New York mayor Michael Bloomberg said.
Filipino seamen's claims cannot be heard in US
THE families of Filipino sailors killed or injured in a boiler explosion on a cruise ship docked in Miami this spring cannot pursue their lawsuits in US courts.

Air and Land Transport

Qantas to start low-cost carrier to take on Virgin
QANTAS Airways, which had its first loss in eight years in the second half, will start a low-cost carrier to compete with Richard Branson's Virgin Blue Airlines, which has grabbed 30 per cent of the domestic market in three years.
Non-stop air travel will boost S'pore's hub status
New York City in airport leasing deal
Swiss eyes BA merger in oneworld move
EU deal on bigger payouts for bumped air passengers
Austrian Airlines pilots, attendants on strike again

Admiralty Casebook

Charterer's bills of lading incorporate terms of charterparty
JUST because a charterparty was not specifically identified in a bill of lading that did not mean that the terms of the charterparty was not incorporated into the bill, a US appeals court decided last week.

web site

Shipping News

Aussie watchdog probing liner group's soaring rates
AUSTRALIA's competition watchdog has launched a formal investigation into the Asia Australia Discussion Agreement's soaring freight rates on imports from North East Asia, threatening to recommend cancelling the conference's anti-trust immunity.
S'pore ratifies IMO's protocol against pollution
SINGAPORE enhanced its anti-pollution commitment yesterday, acceding to the International Maritime Organisation's new chemical pollution response protocol.
New York ferry crashes into pier, killing at least 10
ONE of New York's Staten Island ferryboats crashed while docking at the St George Terminal in Staten Island, killing 10 people and injuring 34 as wooden pier pilings ripped open a side of the vessel, New York mayor Michael Bloomberg said.
Filipino seamen's claims cannot be heard in US
THE families of Filipino sailors killed or injured in a boiler explosion on a cruise ship docked in Miami this spring cannot pursue their lawsuits in US courts.

Air and Land Transport

Qantas to start low-cost carrier to take on Virgin
QANTAS Airways, which had its first loss in eight years in the second half, will start a low-cost carrier to compete with Richard Branson's Virgin Blue Airlines, which has grabbed 30 per cent of the domestic market in three years.
Non-stop air travel will boost S'pore's hub status
New York City in airport leasing deal
Swiss eyes BA merger in oneworld move
EU deal on bigger payouts for bumped air passengers
Austrian Airlines pilots, attendants on strike again

Admiralty Casebook

Charterer's bills of lading incorporate terms of charterparty
JUST because a charterparty was not specifically identified in a bill of lading that did not mean that the terms of the charterparty was not incorporated into the bill, a US appeals court decided last week.

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China Shipping sees Europe trade surge Super carrier vessel number stands at 78 Hong Kong and Norway sign double tax avoidance agreement Pacer appoints Uremovich as vice chairman MOL expands ECSA/ WCSA services YICT Phase III welcomes first vessel Cathay freight unchanged in September China Southern expands Middle East service EGSAC reappoints Martinelli and Champion Continental slams BA's Heathrow slot purchases

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"K" Line, MISC, PIL commence CSI service ex-Tuticorin Sinha inaugurates unique maritime science degree course at MERI Maritime varsities, Ennore Port to be priorities of Sagar Mala Ficci signs MoU with Austrian chamber to develop trade ties 9 Indian firms to take part in Italy's machine tool fair Saudi govt keen to double trade with India Lanka wants FTA with India to include services, investments Austrian technology for Konkan Rly's Sky Bus Metro project CONCOR to offer 'promotional rates' for N. Indian exporters using CCT Powerloom sector seeks early announcement of export subsidy scheme Textile exporters perturbed over appreciating rupee Norms for contract labour in industrial units eased State formulates new SEZ Act, provides 25-year tax holiday First quarter imports turn out to be highest in a decade Diesel becomes 65 paise cheaper Nine Customs offices planned along Indo-Bangla border Govt may ease curbs on external commercial borrowings

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OCTOBER 16, 2003
Gulf Coast steady ahead of market reaction to US stats Vancouver quiet and steady Singapore: Deputy General Manager leaves Something for everyone in latest US stock data A quick look at the latest weekly inventory figures from the US reveals the same trend as last week, with stocks of crude rising and product inventories falling. Last week, this led to a substantial loss in crude prices on the day the reports came out, followed by a sharp rally when traders' focus shifted to lower distillate stocks and cold temperatures. ARA markets little changed after recent volatility Japanese bunkers losing out to domestic market again Barge premiums are being pushed up in Japan as barge operators concentrate on more lucrative power station deliveries. Singapore: Stocks still high after surprise residual draw The market had expected an inventory build due to continued lack of Chinese import demand and sluggish bunker demand so far in October. Singapore pushing higher after cargo gains, stocks fall After a week of softening fuel oil cargo values and steady or firm gas oil cargo values, the Singapore market saw a slight turnaround today. Fuel oil cargo clocked up moderate gains and gas oil rose sharply, both backed by screen deals. Italy slides back after steady climb Rotterdam a little firmer this morning

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OCTOBER 16, 2003
Tracy Leinbach named CFO of Ryder System New ferry for West of Scotland route United Airlines launches new service and axes another New highways in Saudi Arabia Schenker, LogServ and Hoyer to manage DSM's entire logistics chain

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OCTOBER 16, 2003
Tallink names "Victoria" Debt solution for Aker RGI Russia criticise regional shipping regulation

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OCTOBER 16, 2003
Fuel-cell powered water taxi The first zero-emission, hydrogen-fueled public water taxi on the San Francisco Bay is powered by a fuel cell engine from Anuvu Incorporated P&I premiums set to rise Warning from North of England Club Diamond Offshore reports third quarter loss Diamond Offshore Drilling Inc. reported a net loss for the third quarter and announced retirement of two semis Jail, vessel forfeiture for Iraq oil smugglers Iraq's Central Criminal Court has convicted two men of smuggling Iraqi diesel fuel out of the country on the tanker Navstar. Staten island ferry service resumes New York's Staten Island ferry has resumed service as the NTSB starts its investigation into an accident in which 10 lives were lost.

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OCTOBER 16, 2003
US, Canada and Mexico plan marine transport pact Port of Portland offering new box locating system MOL expanding service to East/West South America Customs and Border Protection makes nationwide hiring call Rail intermodal traffic count nearly sets new weekly record

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Apax and Permira win Inmarsat race A TORTUOUS year-long sale process has come to an end with the sale of Inmarsat Ventures to two European private equity firms. Flag states face much tighter scrutiny POOR performance by flag states will now come under the spotlight, thanks to an alliance of the world's biggest shipowner associations. Powers relating to sensitive sea areas called into question CLOSER scrutiny of a legal comment given by the United Nations has led shipowner organisations to question whether proposals from five European Union states to define western European waters as a Particularly Sensitive Sea Areas will have any teeth.

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OCTOBER 16, 2003
American Club hardens Tasman stance THE American P&I Club and Tasman Spirit owner Polembros Shipping said today they are "not prepared to permit their preferred [wreck removal contractor, Smit Salvage] to start work until Tsavliris' assets are released from detention" Qatar, Exxon strike $12Bn gas deal QATAR and Exxon Mobil have signed a major deal for the supply of LNG to the US market from 2008-9 Ferry captain attempts suicide THE captain of the commuter ferry that ploughed into Staten Island's St George Terminal, fled to his home and attempted to commit suicide Shipbreakers agree safer practices REPRESENTATIVES from the main shipbreaking countries have adopted new guidelines for safer working conditions Minoan quashes HFD sale rumours GREEK ferry operator Minoan Lines has dismissed press reports suggesting it is to sell its 31.5% stake in the troubled ferry company Hellas Flying Dolphins Japan takes more foreign seafarers THE Japanese government has certified 139 more foreign deck officers and engineers to work on the 33 vessels on Japan's international ship register Crystal to use NCL's Fanning Island Further blow for Tsavliris Crew saved from cement ship Cormo sheep head for Cocos Is Japanese in LNG charters with Qatar Singapore accedes to IMO protocol ITOPF clarifies Tasman response HMM and Zodiac set up joint venture Koreans to hike freight rates Watchdog to probe Asian liner rates

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OCTOBER 16, 2003
Boxships dominate new orders Buyers gamble that unprecedented bull run in rates will continue for the next several years. Offshore sinks Stolt-Nielsen results But the company offered a brighter outlook for its core tanker business. EU takes legal action over rail freight Targets nine member states for failing to introduce legislation to allow cross-border competition. N.Y. in airport lease deal with Port Authority Northwest swings to profit Israel union threatens more strikes U.S. Xpress profits double Werner Enterprises revenues, net up Cruise line adds shipping service Air France, KLM sign off on merger Matson renames intermodal unit Lawsuit hurts Landstar quarter U.S. limits anti-terror product liability

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OCTOBER 16, 2003
Proposed US reporting rules discriminate against maritime industry Proposed extension of 'early-warning' cargo reporting requirements to all inbound and outbound US cargo has been criticised for not protecting maritime vessel owners' and NVOCCs' data. European ports' volume growth affected by congestion, says industry Increased trading volumes have left European ports - particularly in the UK - struggling with landside congestion. New berth opened at Yantian container terminal Korean lines raise rates to South East Asia HMM forms joint venture to operate five new ships New members of the UIRR Bremerhaven approach channel to be deepened Strike hits JNPT's import container handling Zim links Tampa with the world Australian shipping sees foreign horizons Reefer goods market prompts new St Petersburg terminal entrant More Kalmar straddle carriers for Hesse-Noord Natie

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OCTOBER 16, 2003
'Middle of a storm' Stolt execs insist amnesty programmes still intact. Inmarsat "sold" for $1.5bn Satellite operator rejects higher US bid in favour of UK venture capitalists. Staten Island ferry resumes amid questions Federal panel's probe centers on captain's condition. Stolt losses pile up Group drops another $29.6m in third quarter. Panayotides' family links questioned Danish press has field day with Torm shareholder chat. Qatar seals huge LNG deal with ExxonMobil Oil major will need at least 20 ships to move product. HMM ties up with Zodiac Ofer Group company to sign joint venture agreement with Korean owner. Grieg returns to MES for third ship But order for open hatch bulker not a product of freight boom. SCI profit inches up Shipping Corp of India enjoys fruits of trade boom as privatisation bid deadline looms. American Club accuses Pakistan P&I insurer of Tasman Spirit blames obstruction for lack of progress. Exmar ousted from J3 LNG group Japanese trio confirm third and fourth ships for RasGas. MOL and Exmar "streamlining" LNG joint venture Nicolas Saverys explains Exmar's absence from RasGas LNG newbuildings. Knightsbridge earns minimum wage Shareholders' meeting reconvenes 24 October to remould company. Staten smash claims ten Ten killed and scores injured as New York ferry ploughs into pier. Korean Air may offload Hanjin stake Airline says it may sell part of shareholding in sister company back to Hanjin Shipping. Moody's turns positive on MES Agency upgrades Japanese shipbuilder's outlook to positive on operating improvements. NCC inks Mipo chemical carriers Saudi owner returns to South Korean yard to exercise options for two more ships. Star shares suspended Cruise firm halts trading on Singapore exchange pending "price sensitive" announcement.

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OCTOBER 16, 2003
Norasia to charter transatlantic slots from UASC NYK e-commerce now covers intra-Asia CMA CGM (America) to appoint Wats president Logan International explores cargo screening Delta third-quarter cargo revenue remains stable German sales agent first to participate in GF-X booking system Colography forecasts good 2004 for U.S. freight carriers Uremovich fills new post at Pacer WTO aim to start new negotiations PD1208 APEC adopts anti-terrorism action plan on customs and transport Schenker gets FCL contract for Kodak Higher U.S. tariffs, quotas considered for Chinese textile imports Yantian terminal opens first berth of phase 3 development