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Shipping News

Hual eyes Asian car export market
RO-ro specialist Hual is keeping a close eye on the potential expansion of the Asian car export market as the region's free trade regime inches closer, coinciding with PSA Corporation's ambition to make Singapore the region's vehicle transhipment hub.
Pirates rob tanker close to S'pore eastern port limits
SEVEN armed pirates boarded and robbed a tanker just outside Singapore's eastern port limits last week in one of the closest incidents on recent record.
NOL sells Jersey City building for US$24m
NEPTUNE Orient Lines has sold a US office building in Jersey City for a higher-than-expected US$24 million in the latest divestment of its non-shipping and logistics assets.
Megaliner's arrival a major headache for Sydney
AUSTRALIA's draconian quarantine regime faced one of its biggest challenges ever yesterday with the arrival in Sydney of the megaliner Star Princess and its 3,800 passengers and crew.
Council members unhappy with Barberi crash inquiry
FRUSTRATION that the cause of last month's fatal Staten Island ferry crash remains unexplained boiled over at a City Council hearing on Tuesday, as some council members complained city and federal officials were keeping the public in the dark.
Russian tanker again denied entry to NY port
THE US Coast Guard said a tanker carrying Russian fuel is undergoing repairs after being denied entry to New York harbour for a second time.

Air and Land Transport

Qantas' discount airline to offer lowest fares
QANTAS Airways, Australia's biggest airline, said its new domestic discount carrier would be based in Melbourne and would offer cheaper fares than rival Virgin Blue Holdings.
Air Canada seeks nod for Victor Li plan
American's parent may issue more stock
25 arrested for drug smuggling at JFK airport
Israel asks Lufthansa, 3 other carriers to cut flights
Swiss Int'l CEO certain of reaching financing deal

Newbuilds

Double-hull bulkers seem inevitable
IF you ask those in the classification societies who know about such things as whether there is an absolutely solid case for making double hulls mandatory for bulk carriers the answer is usually, 'No'.

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Shipping News

Hual eyes Asian car export market
RO-ro specialist Hual is keeping a close eye on the potential expansion of the Asian car export market as the region's free trade regime inches closer, coinciding with PSA Corporation's ambition to make Singapore the region's vehicle transhipment hub.
Pirates rob tanker close to S'pore eastern port limits
SEVEN armed pirates boarded and robbed a tanker just outside Singapore's eastern port limits last week in one of the closest incidents on recent record.
NOL sells Jersey City building for US$24m
NEPTUNE Orient Lines has sold a US office building in Jersey City for a higher-than-expected US$24 million in the latest divestment of its non-shipping and logistics assets.
Megaliner's arrival a major headache for Sydney
AUSTRALIA's draconian quarantine regime faced one of its biggest challenges ever yesterday with the arrival in Sydney of the megaliner Star Princess and its 3,800 passengers and crew.
Council members unhappy with Barberi crash inquiry
FRUSTRATION that the cause of last month's fatal Staten Island ferry crash remains unexplained boiled over at a City Council hearing on Tuesday, as some council members complained city and federal officials were keeping the public in the dark.
Russian tanker again denied entry to NY port
THE US Coast Guard said a tanker carrying Russian fuel is undergoing repairs after being denied entry to New York harbour for a second time.

Air and Land Transport

Qantas' discount airline to offer lowest fares
QANTAS Airways, Australia's biggest airline, said its new domestic discount carrier would be based in Melbourne and would offer cheaper fares than rival Virgin Blue Holdings.
Air Canada seeks nod for Victor Li plan
American's parent may issue more stock
25 arrested for drug smuggling at JFK airport
Israel asks Lufthansa, 3 other carriers to cut flights
Swiss Int'l CEO certain of reaching financing deal

Newbuilds

Double-hull bulkers seem inevitable
IF you ask those in the classification societies who know about such things as whether there is an absolutely solid case for making double hulls mandatory for bulk carriers the answer is usually, 'No'.

web site

Shipping News

Hual eyes Asian car export market
RO-ro specialist Hual is keeping a close eye on the potential expansion of the Asian car export market as the region's free trade regime inches closer, coinciding with PSA Corporation's ambition to make Singapore the region's vehicle transhipment hub.
Pirates rob tanker close to S'pore eastern port limits
SEVEN armed pirates boarded and robbed a tanker just outside Singapore's eastern port limits last week in one of the closest incidents on recent record.
NOL sells Jersey City building for US$24m
NEPTUNE Orient Lines has sold a US office building in Jersey City for a higher-than-expected US$24 million in the latest divestment of its non-shipping and logistics assets.
Megaliner's arrival a major headache for Sydney
AUSTRALIA's draconian quarantine regime faced one of its biggest challenges ever yesterday with the arrival in Sydney of the megaliner Star Princess and its 3,800 passengers and crew.
Council members unhappy with Barberi crash inquiry
FRUSTRATION that the cause of last month's fatal Staten Island ferry crash remains unexplained boiled over at a City Council hearing on Tuesday, as some council members complained city and federal officials were keeping the public in the dark.
Russian tanker again denied entry to NY port
THE US Coast Guard said a tanker carrying Russian fuel is undergoing repairs after being denied entry to New York harbour for a second time.

Air and Land Transport

Qantas' discount airline to offer lowest fares
QANTAS Airways, Australia's biggest airline, said its new domestic discount carrier would be based in Melbourne and would offer cheaper fares than rival Virgin Blue Holdings.
Air Canada seeks nod for Victor Li plan
American's parent may issue more stock
25 arrested for drug smuggling at JFK airport
Israel asks Lufthansa, 3 other carriers to cut flights
Swiss Int'l CEO certain of reaching financing deal

Newbuilds

Double-hull bulkers seem inevitable
IF you ask those in the classification societies who know about such things as whether there is an absolutely solid case for making double hulls mandatory for bulk carriers the answer is usually, 'No'.

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Yang Ming to order 12 vessels Shanghai to become shipping centre Thailand's Precious sees 30 per cent rise in future revenue Lloyd Triestino, CMA CGM to launch new China-Black Sea service CSXWT signs terminal agreement with Jacksonville PAL and EVA Air sign joint cargo pact Qantas new low cost airline to be based in Melbourne American Airlines making prime moves towards future sale

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TNWA deploys larger, faster vessels on NYX service Lloyd Triestino set to launch new Med-US East Coast service A.P. Moller Board elects new Chairman P&O Nedlloyd posts $ 41 m Q3 profit Yantian box throughput hits record SA rate hikes set for 2004 Slot exchange deal Zim climbs ratings OOCL chief picks up top Long Beach award SPM policy may spark rush to acquire VLCCs Time to become AMS-compliant, stresses Textainer Services Director US renews plea to open up farm market in India Fedex plans express clearing facility in Mumbai 1 pc cut in logistics costs can save Rs 25,000 cr. a year, estimates Council for Logistics Management CWC's D'Node CFS proceeds towards normalcy with stir called off No service tax on payments received in foreign exchange Maintain reform momentum in port, road sectors: Economic Forum Consumer electronics body seeks differential duty rate IMC meeting on pharma sector World Bank official to address Exim Bank seminar today Israeli farm team to visit AP next week Fieo workshop to discuss forex issues tomorrow Deadlocked global talks should continue: WTO

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NOVEMBER 26, 2003
US Gulf sees heavy demand ahead of holidays US inventory data gives bullish impetus to oil market Weekly figures from the DOE and the API gave traders cause for pushing crude prices higher. The two reports were in line with regards to deep cuts in stocks of crude. Korean avails better but buyers still deterred Piraeus weathers heavily bearish numbers Single-hull proposals set to dominate IMO Assembly In addition to the early phase out proposal, the MEPC is due to discuss the EU's suggestion to ban the transport of heavy grades of oil on single-hull tankers with immediate effect. In the light of counterproposals from Intertanko and several IMO member countries, the outcome of the MEPC meeting is expected to be a watered down version of the EU proposals that have been put forwards. Rotterdam market little changed

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NOVEMBER 26, 2003
Risto Näsi is new President of Fortum Shipping Hatsu Marine Ltd makes its European debut DHL suspends Iraqi flights after attack HGK expands in Cologne/Godorf Seven contractors bid for Durrat Al Bahrain road link

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NOVEMBER 26, 2003
Jutta Rabe's "Estonia" movie to be shown by Swedish maritime museum? Dow Chemical sues chem tanker operators after cartel revelation Iver Ships to increase fleet

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NOVEMBER 26, 2003
EC eases shipyard subsidy rules More aid allowed for "innovation"

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NOVEMBER 26, 2003
Seattle Port Commissioners adopt new budget for 2004 Panama Canal Authority investing in pair of projects Settlement with Uncle Sam brings $1.1 Billion to Boeing Port of Vancouver, USA honored for 90th Anniversary efforts Report finds recreation activities brings millions to Oregon ports

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Lapthorn targets container feeder trades UK SHORTSEA operator R Lapthorn & Co is likely to diversify into the container feeder trades, following the completion of its financial restructuring and the appointment of a new managing director. Shot in the arm for EU shipbuilders European Union shipbuilders will from next year benefit from workable state aid guidelines following the approval of a major policy document yesterday. Netherlands in legal battle over EC tug tax allowances ruling The Dutch government has started legal proceedings in Luxembourg against the European Commission's ruling concerning tax allowances the government gave its tug owners. Odfjell says Dow lawsuit damages assessment is wrong ODFJELL has blasted the media for reporting a "grossly incorrect" market assessment of the potential damages that could ensue out of Dow Chemical's lawsuit against it and three of its fellow tanker companies. Japan owners call for tonnage tax THE Japanese Ship Owners' Association has called on the government to reform the taxation system for shipping lines to reduce their burden and allow them to compete with overseas rivals, said Takao Kusakari, the head of the industry group, Bloomberg reports. Pleas at IMO for release of Tasman Spirit crew MALTA and Greece made a fresh appeal to Pakistan for the release of the crew of the Tasman Spirit at the International Maritime Organisation yesterday.

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NOVEMBER 26, 2003
Innovation aid for EU yards EUROPEAN Shipbuilders have welcomed the introduction of new aid allowances for innovative shipbuilding projects, announced today by the European Commission Breaking under discussion in the UK FRIENDS of the Earth campaigns director Mike Childs says he is "happy to be a champion of shipbreaking in the UK" - as long as it's safe Commercial pressure taking its toll INCREASING commercial pressures are being blamed on the recent spate of large ship groundings in New Zealand's harbours, a conference heard yesterday Asbestos removal ordered in India A Gujarat, India pollution control authority has ordered Gujarat Maritime Board to remove asbestos and other hazardous waste from the ro-ro Genova Bridge before scrapping Strong demand for vehicle carriers STRONG demand for pure car and truck carriers to carry vehicles from Europe and the Far East to the Middle East has tightened the charter market for available vessels Germans finance East Timor ferry GERMANY'S state-owned bank Kreditanstalt f'r Wiederaubau is financing East Timor's first ferry newbuilding Lines claim against Rotterdam pilots NOL continues pruning Union demands action on ID costs Simon Group lands Cobelfret deal Search resumes for missing seafarer Yemen arrests al-Qaeda suspect Star Reefers records strong Q3 Sapphire to be sent down under Korean ports match Chinese rivals Dalian stakes hub port claim

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NOVEMBER 26, 2003
Holiday peak arrives for carriers Thanksgiving holiday marks arrival of peak shipping season for express carriers, postal service. Wal-Mart commits to non-peak boxes Retailer commits thousands of containers to extended-gate hours at terminals in LA-Long Beach. Hays sells logistics to U.S. investor Platinum Equity of Los Angeles will buy most of the British business services company's logistics operations for $175 million. Defense bill re-ups MSP Korea cuts transshipment fees FMC collects $2.13 million in penalties Stolt-Nielsen: No merit to Dow lawsuit Cathay pitches for Beijing cargo Rickmers' U.S. chief steps down FMC orders NVO show-cause PBB offers FDA import guidelines Volga-Dnepr appoints Asia sales agents Wells joins OMSA

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NOVEMBER 26, 2003
CN beefs up port, intermodal connections with BC Rail deal Canadian National Railway's (CN) is to use BC Rail (BCR) to enhance its port and West Coast of North America (WCNA) network. S.Korea targets growth through rate incentives Korea/Australia rates on the rise Unfixed ships struggle in cold winter spot-light Russia pledges official maritime co-operation Shippers warned of supply-chain consequences of purchasing decisions Inchon/Weihai service to be resumed Savannah investment sees truck volumes increase and handling times fall

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NOVEMBER 26, 2003
PDVSA, traders feel the heat Companies under scrutiny in US, Venezuela for oil trades. EU doubles yards' allotted state aid New rules are aimed at improving industry's competitiveness. Pacifica under pressure New Zealand boxship owner has withdrawn another vessel in the face of overseas competition. Dalian bags tanker quartet China Changjiang Oil Transportation signs for two aframaxes, with two options, at Chinese yard. China Shipping, K Line rev up car carriers New joint venture set to rival Cosco and NYK's vehicle operation. Tankers owners knew of price-fixing lawsuit Stolt-Nielsen and Odfjell "felt no need" to inform banks of big legal threat from Dow and Union Carbide. Sanoyas on downward slide First half profitable, but Japanese yard expects tough second six months. Star Reefers slumps to third quarter loss Norwegian owner battles costs but is bullish on market prospects for 2004. NOL sells off real estate Singapore shipowner claws back cash from American Eagle Tankers US office. Daewoo confirms offshore job Korean yard bumps up orderbook with gas production platform business. Charters hold back Jinhui Deals agreed in 2002 have stopped bulker owner capitalising on soaring spot market. Martin dogged by scrap scandal Ex-head of CSL and Canada's prime minister-designate faces probe over sale of asbestos contaminated ship. Sheep ship off limits Australian authorities are taking no chances with its latest livestock shipment to the Middle East. Nel Lines holds firm No change in pre-tax profit for Greek ferry owner in first three quarters. Kiwis hold IMC bulker New Zealand holds Hong Kong-flagged Maritime Friendship in Port Chalmers over safety concerns. Western Bulk turns it around Norwegian shipowner eases into the black in third quarter on the back of booming bulker market. Alleged Limburg mastermind captured Mohammed Hamdi al-Ahdal, the man suspected of plotting attack, is arrested in Yemen. Dex to quit Lloyd's Swiss Re pulls capital from UK Club linked hull underwriter. Bahamas Fast Ferries books Rodriquez cat Italian high-speed ferry builder has inked its second newbuilding deal for catamaran tonnage in a month.

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NOVEMBER 26, 2003
China Shipping, "K" Line form ro-ro joint venture NOL sells Jersey City building for $24 million Marine insurance conference to be held in Singapore next September President Bush signs MSP legislation into law FMC collects $2.13 million from compromise agreements Europe East Coast South America Conference plans rate hike CN to acquire BC Rail Schneider National introduces new pay package for drivers OECD predicts world trade rebound in 2004-2005 Soybean shippers ask U.S. government to take action against EU Bonner promotes container seals, says CSI to start in Durban WCO to hold supply chain security meeting in Africa Catfish farmers receive USDA trade adjustment assistance Port of Seattle freezes staff salaries for 2004 Second large container berth at Yantian CSX World Terminals, port of Jacksonville reach terminal agreement Georgia ports boost gate productivity