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Shipping News

PSA's HNN gives up Antwerp port concession
PSA Corporation's Belgium subsidiary, Hesse Noord Natie , has relinquished one of its concessions in a controversial expansion at the Port of Antwerp to its rival, P&O Ports.
Tanker, vessel collide twice in Baltic Sea
A tanker carrying 27,000 tonnes of crude oil collided with a dry cargo vessel yesterday in icy conditions in the Baltic Sea, the second such collision by the two ships this week, Finnish authorities said.
Projector ships ULCC of Venezuela fuel oil to Asia
INDEPENDENT Swiss-based oil trader Projector is shipping the single largest cargo of fuel oil from Venezuela to Asia, traders said.
Hopes fade for 40 missing in Indon ferry incident
A search was continuing yesterday for survivors from a ferry which sunk off North Sumatra in Indonesia, but hopes of finding anyone alive were fading three days after the tragedy.
ICTSI wins Polish contract
INTERNATIONAL Container Terminal Services Inc , the Philippines' largest non-state port operator, said Poland gave the company its second operation outside the South-east Asian country.
Saudi Arabia extends crude oil chartering spree
SAUDI Arabia has waded into the tanker market for the second time in a month, snapping up four large tankers to ship an additional 8.5 million barrels of crude to the United States for arrival in late April, shipping brokers said.

Air and Land Transport

Airlines running into fuel hedging turbulence
SPIRALLING jet fuel prices ahead of a possible war in Iraq threaten another dent in the revenues of US and European airlines which have annual fuel hedging strategies about to unwind, industry analysts say.
Air NZ turns around with NZ$94m profit in H1
US Airways plans to join Star Alliance
THAI to buy 7 Boeings from UAL
Ryanair to ground discount carrier for a month
Northwest asks pilots for 20% pay cut

Admiralty Casebook

Registered owner at time of ship's arrest is defendant
A PLAINTIFF that arrested a vessel to make a claim against another person had to prove that that person was the beneficial owner of the vessel only if that person was not the registered owner of the vessel at the time of the arrest.

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Shipping News

PSA's HNN gives up Antwerp port concession
PSA Corporation's Belgium subsidiary, Hesse Noord Natie , has relinquished one of its concessions in a controversial expansion at the Port of Antwerp to its rival, P&O Ports.
Tanker, vessel collide twice in Baltic Sea
A tanker carrying 27,000 tonnes of crude oil collided with a dry cargo vessel yesterday in icy conditions in the Baltic Sea, the second such collision by the two ships this week, Finnish authorities said.
Projector ships ULCC of Venezuela fuel oil to Asia
INDEPENDENT Swiss-based oil trader Projector is shipping the single largest cargo of fuel oil from Venezuela to Asia, traders said.
Hopes fade for 40 missing in Indon ferry incident
A search was continuing yesterday for survivors from a ferry which sunk off North Sumatra in Indonesia, but hopes of finding anyone alive were fading three days after the tragedy.
ICTSI wins Polish contract
INTERNATIONAL Container Terminal Services Inc , the Philippines' largest non-state port operator, said Poland gave the company its second operation outside the South-east Asian country.
Saudi Arabia extends crude oil chartering spree
SAUDI Arabia has waded into the tanker market for the second time in a month, snapping up four large tankers to ship an additional 8.5 million barrels of crude to the United States for arrival in late April, shipping brokers said.

Air and Land Transport

Airlines running into fuel hedging turbulence
SPIRALLING jet fuel prices ahead of a possible war in Iraq threaten another dent in the revenues of US and European airlines which have annual fuel hedging strategies about to unwind, industry analysts say.
Air NZ turns around with NZ$94m profit in H1
US Airways plans to join Star Alliance
THAI to buy 7 Boeings from UAL
Ryanair to ground discount carrier for a month
Northwest asks pilots for 20% pay cut

Admiralty Casebook

Registered owner at time of ship's arrest is defendant
A PLAINTIFF that arrested a vessel to make a claim against another person had to prove that that person was the beneficial owner of the vessel only if that person was not the registered owner of the vessel at the time of the arrest.

web site

Shipping News

PSA's HNN gives up Antwerp port concession
PSA Corporation's Belgium subsidiary, Hesse Noord Natie , has relinquished one of its concessions in a controversial expansion at the Port of Antwerp to its rival, P&O Ports.
Tanker, vessel collide twice in Baltic Sea
A tanker carrying 27,000 tonnes of crude oil collided with a dry cargo vessel yesterday in icy conditions in the Baltic Sea, the second such collision by the two ships this week, Finnish authorities said.
Projector ships ULCC of Venezuela fuel oil to Asia
INDEPENDENT Swiss-based oil trader Projector is shipping the single largest cargo of fuel oil from Venezuela to Asia, traders said.
Hopes fade for 40 missing in Indon ferry incident
A search was continuing yesterday for survivors from a ferry which sunk off North Sumatra in Indonesia, but hopes of finding anyone alive were fading three days after the tragedy.
ICTSI wins Polish contract
INTERNATIONAL Container Terminal Services Inc , the Philippines' largest non-state port operator, said Poland gave the company its second operation outside the South-east Asian country.
Saudi Arabia extends crude oil chartering spree
SAUDI Arabia has waded into the tanker market for the second time in a month, snapping up four large tankers to ship an additional 8.5 million barrels of crude to the United States for arrival in late April, shipping brokers said.

Air and Land Transport

Airlines running into fuel hedging turbulence
SPIRALLING jet fuel prices ahead of a possible war in Iraq threaten another dent in the revenues of US and European airlines which have annual fuel hedging strategies about to unwind, industry analysts say.
Air NZ turns around with NZ$94m profit in H1
US Airways plans to join Star Alliance
THAI to buy 7 Boeings from UAL
Ryanair to ground discount carrier for a month
Northwest asks pilots for 20% pay cut

Admiralty Casebook

Registered owner at time of ship's arrest is defendant
A PLAINTIFF that arrested a vessel to make a claim against another person had to prove that that person was the beneficial owner of the vessel only if that person was not the registered owner of the vessel at the time of the arrest.

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Famous Pacific Shipping wins one more China NVOCC licence EMERA member lines set new rates, increases BAF Port of Oakland hits high note at end of year NOL Group reports record US$330 million loss Bornstein to talk at Chemical Industry Meeting Safmarine brings Samba to Africa Sembawang Kimtrans opens new Singapore facility Dragonair records 66 per cent growth in throughput Korean Air Cargo ups flight frequency to Amsterdam Cathay Pacific expands codeshare with British Airways Polar to run own sales offices Continental places Marzetta in airport services

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FEBRUARY 27, 2003
American Air union disputes forecast An American Airlines pilot's conclusion that the carrier could be forced to file bankruptcy in May doesn't represent the position of the Allied Pilots Association, the union said. CSX Announces Relocation of Corporate Headquarters CSX Announces Relocation of Corporate Headquarters February 25, 2003 Jacksonville, Fla. CSX Corporation (NYSE: CSX) today announced the relocation of its corporate headquarters to Jacksonville, Fla., from Richmond, Va. Jury awards $2.3 million in FedEx discrimination A federal jury has awarded a former FedEx Corp. supervisor $2.3 million after finding that the package delivery company retaliated against her after she complained about sexual discrimination. EU against air pacts and mergers The European Commission is pressing governments to scrap national accords that regulate the $17 billion trans-Atlantic air-travel market, seeking to spur mergers among European airlines as losses mount. BA slashes services to Gulf British Airways announced the suspension of flights from London to Oman and said other services to the Gulf would be cut. EU investigation at Vopak Barging Royal Vopak announced that on February 25 and 26, 2003 an investigation has been held by the European Commission at its subsidiary Vopak Barging Europe in Dordrecht, the Netherlands. 3 operators in joint venture OnePort Hongkong International Terminals (HIT), Modern Terminals and Cosco-Hit Terminals (Hong Kong) are to establish OnePort Limited (OnePort), a project aimed at providing all port users with the swift and secure exchange of electronic information.

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MSC orders three 8,000-TEU boxships from Hanjin Heavy Industries CP Ships makes senior management appointments - Jeremy Masters replaces David Halliday Vancouver handles record number of containers in 2002 Cast launches new website Port of New Orleans handles largest boxship Maersk Sealand upgrades West Africa service Contship Containerlines goes 'green' with new ships P&O Ports enters US West Coast market Zim completes newbuilding programme Cahaya Samudera Shipping awarded ISO 9001:2000 status Iran to renovate shipping fleet Hanjin Shipping appoints Choi as President Swire Pacific's new anchor handling tug supply vessel christened m.v. Pacific Runner Mormugao Port sets new coal discharge record ITF to felicitate S. R. Kulkarni today Mechanism to foster competition among ports, enhance productivity vital, says Economic Survey Central law for SEZs on the anvil: Jaitley Govt to bring EOUs, EPZs on par with SEZs for incentives Leather, plastic items may be dereserved Foreign Trade Analysis: Current Policy & Procedures EBRD, Exim Bank to hold seminar on developing new business opportunities at WTC on March 4

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FEBRUARY 27, 2003
Daily Bunker market report from Praxis Energy Agents ARA region: Markets still quiet but terminals congested Butinge boosts exports US distillate stocks slide Iraqi exports steady China builds stocks Business as usual in Suez, Port Said still dry Congestion clears in soft Istanbul Rotterdam moving down this morning

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FEBRUARY 27, 2003
Swiss cuts have small impact on the cargo division Antwerp allocates concessions for Deurganckdok container terminals First cooperation agreement between China Shipping and Cosco Tibbett & Britten expands business in Scotland

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FEBRUARY 27, 2003
Stolt and Vopak in investigation Norden revise profit outlook Lower profits for Rederi AB Gotland

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FEBRUARY 27, 2003
Bill to speed up double hull requirement Rep. Lois Capps (D.-Calif.) has introduced legislation in the House of Representatives to enact stricter oil tanker safety regulations More mods for Jimmy Carter The Navy has ordered a further $17.4 million of modifications to USS Jimmy Carter, the sub with a Coke bottle waist Massachusetts Maritime Academy to be privatized? Plan unveiled in Governor's budget proposals

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Sicurezza, 390 navi espulse dal Registro Autostrade del mare Una realtà virtuale

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Shippers face $65 per box error penalty CONTAINER lines are planning to impose sizeable penalties on shippers that supply inaccurate bill of lading information. Offen moves in with yet another containership order HAMBURG owner Claus-Peter Offen has added to his considerable newbuilding programme with another containership order that is thought to have been placed in South Korea, writes Katrin Berkenkopf in Hamburg. Venezuela's most wanted... THE Venezuelan courts have ordered the arrest of seven former PDVSA executives, including the president of Gente de Petroleo, Juan Fernandez and Unapetrol union leader Horacio Medina. General Maritime rejigs fleet ahead of Metrostar purchase Peter Georgiopoulos' General Maritime is selling two more elderly aframax tankers as the group finalises $450m of financing to support the acquisition of Metrostar Management's modern fleet of 19 vessels, writes Tony Gray. Class societies hit back over bid to redefine role THE International Association of Classification Societies has responded to suggestions made at the Inter- national Maritime Organisation by Bahamas and Greece to the effect that the IMO should take over from classification societies the development of standards for ship construction. Mitsui issues $17m writ over PSA order delays PSA Corp is facing a S$30m (US$17m) lawsuit from Mitsui Engineering and Shipbuilding over crane contracts from the mid-1990s. Lloyd's List Focus- Maritime security under the spotlight LLOYD'S List has made the whole maritime security issue one of its highest priorities, and you will find below a number of the articles that tackle this crucial issue.

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FEBRUARY 27, 2003
Stolt starts independent investigation ASIA-West Africa rates to rise China extends shipbuilding loans Equasis probes deeper More Directive action by dockers India pegs port capacity California tables single-hull bill USCG 'lead federal agency' in security Hamburg Helps Hanjin WA says Canberra is sinking shipping S Korea names new ministers CSX, Maersk in line for Cochin terminal Relief agencies eye MidEast ports Pollution and piracy drill ahead French defence group watches HDW Virgo seamen freed Grounding at Brisbane Jordan forms box venture for Iraq AMS chief exec departs

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FEBRUARY 27, 2003
Jakarta box hub eyes global market Indonesia's largest container terminal sets upgrade to become the country's first fully international-standard seaport hub. Morgan resigns from rail board Linda J. Morgan, former chairman of the Surface Transportation Board who oversaw turbulent rail mergers, leaves April 8. NOL clarifies layoff figure After posting a $300 million loss for 2002, Neptune Orient Lines said that it may not cut as many jobs as was earlier reported. More raids in EU tanker probe Port Canaveral facing millions in Shipping Act fines China Shipping joins discussion agreements Freight, fuel hikes for Indian sub-continent shippers General Maritime gets $450M loans for tankers Kalitta Air launches scheduled trans-Atlantic all-cargo service Stonepath Group adds G-Log software UPS' Eskew named to President's Export Council Union hits Deutsche Post outsourcing plan ICTSI to manage Poland box terminal

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FEBRUARY 27, 2003
'Vested interests' blamed for lack of HK competition Hong Kong's outspoken chairman of the Port and Maritime Board, Sir Gordon Wu, has slammed what he called 'vested interests' that are trying to kill competition in the region. Automated manifest filing dogged by confusion ICTSI wins Gdynia terminal fair and square, says regulator PSA Corp faces US$17m suit over crane delays Tecon Suape terminal awaits lifeline service deal P&OP's Mundra terminal deal cleared Controversy scuppers nominee for PANYNJ chairman Canada call for Melbridge's Europe/Med/Carib string

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FEBRUARY 27, 2003
Sale of CSX Lines completed US private equity group Carlyle ties up purchase of majority stake in domestic liner operator. Oil majors say ok to Venezuela? PDVSA claims five oil majors give the all-clear to Venezuela's ports, as ChevronTexaco starts to load first cargo. Torm beats forecast But it is tax and sale deal rather than ships that bring in the money. Martin refuses to give up CSL Finance minister bullishly refuses to sell shipping line, despite claims of huge conflicts of interest. Argosea still idle Tanker remains anchored although Tsakos is satisfied Iraqi cargo is legal. Vela eats up tanker tonnage Saudi charterer continues its February spree of VLCC and ULCC fixtures with more promised. Gorthon sells laid-up ro-lo Elderly vessel that proved too slow to trade finds a buyer. Cook stabbed to death on Angelicoussis bulker Crew being interviewed after second mate vanishes off Brazil. Silja Line cruises to better result Finnish ferry line boosts passengers and profit in 2002, with help from Baltic cruiseship. Erck Rickmers inks Maersk and Zim deals ER Shipping orders more 5,018-teu boxships at Hyundai on back of long-term charters. Philippines port operator gains foothold in Poland International Container Terminal Services wins contract at Baltic port of Gdynia. Awilco offer extended But Gjert and Arne Wilhelmsen reject sweetening their $106m bid. Jinhui posts big loss in 2002 Hong Kong bulker group plunges into the red despite upturn in rates from September. Green and Seatrade to share vessels Between 25 and 30 ships will be operated jointly on key reefer trades to boost efficiency. MISC to home in on LNG and tankers Third quarter figures show 30% profit growth but boxships struggle. Hyundai upbeat on prospects for 2003 Shipbuilder sees strong start to the year as marketing team gets to grips with new structure. Unithai feels the heat Thai bulker and boxship owner's net profit falls by more than a third in 2002. Tanker and cargoship finally separated Russian and Estonian icebreakers in short supply as vessels struggle with Baltic ice. Hyundai Mipo inks $280m tanker deals Swiss outfit orders ice class handymax product carriers as Interorient repeats three-ship deal. Disposal costs hit General Maritime Poor markets plus Stavanger Prince demolition and planned ship disposals hit bottom line.

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FEBRUARY 27, 2003
FMC meets most performance goals in fiscal year 2002 Shippers "ready to accept" higher Pacific rates Industry ponders record transpacific volumes Stock market digests NOL's record $330 million loss Lykes, Tmm and partners raise U.S. Gulf/Med frequency Delmas raises Asia/West Africa freight rates UPS chief joins presidential board Winter storm hurts rail freight traffic Customs broker pleads guilty to forging penalty notice U.S. NVOs welcome China's less stringent security deposit requirement Velant names Hess marketing director Safeway picks Elogex management solution U.S. soybean, oil seed exports down $2 billion in five years Mercator Transport Group names Rooney partner Bush administration promises more free-trade agreements Coast Guard, TSA, INS transfer to homeland security department