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Insurers may class Indon piracy attacks as terrorism
PIRATE attacks off Indonesia's war-torn Aceh province can be labelled terrorist attacks by marine insurers, leaving shipowners in the dangerous position of lacking adequate insurance coverage, according to a senior marine insurer.
SSC sees profit boost on higher charter rates
SINGAPORE Shipping Corporation expects a bottom line boost from soaring charter and freight rates for at least the next 18 months, despite an 18 per cent fall in profits for the first half of its 2004 financial year.
France, Spain mull joint probe into Prestige spill
FRENCH and Spanish judges are considering merging their separate probes into last year's Prestige oil spill disaster and launching a joint lawsuit, officials said.
Captain fired for refusing to aid NY ferry crash inquiry
CITY officials on Wednesday fired the captain of the Staten Island ferry that plowed into a pier last month, killing 10 people, because they say he refused to cooperate with investigators.
Asbestos found on UK ship being broken up
INDIAN anti-pollution authorities said a British ship that has docked on the western coast for ship-breaking contains potentially dangerous asbestos fittings.

Air and Land Transport

Air Canada's net loss reaches C$263m in Q3
A big drop in international traffic following the Sars outbreak in Toronto and Asia pushed Air Canada deep into the red in the third quarter as it worked to emerge from bankruptcy protection, the carrier said on Wednesday.
Delays likely as Aussie pilots protest new air traffic rules
Hong Kong, UK reach deal to expand air services
Bank to provide loans for Beijing airport expansion
Lufthansa's cargo arm sees sales rising next year
Narita's int'l traffic dips

Admiralty Casebook

Hanjin not liable for loss of container in unsecured yard
A CARRIER that transported a container under an intermodal waybill involving both sea and land transport has appealed successfully against a US district court ruling holding it responsible for the loss of the container while it was in a yard after a customs inspection.

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Shipping News

Insurers may class Indon piracy attacks as terrorism
PIRATE attacks off Indonesia's war-torn Aceh province can be labelled terrorist attacks by marine insurers, leaving shipowners in the dangerous position of lacking adequate insurance coverage, according to a senior marine insurer.
SSC sees profit boost on higher charter rates
SINGAPORE Shipping Corporation expects a bottom line boost from soaring charter and freight rates for at least the next 18 months, despite an 18 per cent fall in profits for the first half of its 2004 financial year.
France, Spain mull joint probe into Prestige spill
FRENCH and Spanish judges are considering merging their separate probes into last year's Prestige oil spill disaster and launching a joint lawsuit, officials said.
Captain fired for refusing to aid NY ferry crash inquiry
CITY officials on Wednesday fired the captain of the Staten Island ferry that plowed into a pier last month, killing 10 people, because they say he refused to cooperate with investigators.
Asbestos found on UK ship being broken up
INDIAN anti-pollution authorities said a British ship that has docked on the western coast for ship-breaking contains potentially dangerous asbestos fittings.

Air and Land Transport

Air Canada's net loss reaches C$263m in Q3
A big drop in international traffic following the Sars outbreak in Toronto and Asia pushed Air Canada deep into the red in the third quarter as it worked to emerge from bankruptcy protection, the carrier said on Wednesday.
Delays likely as Aussie pilots protest new air traffic rules
Hong Kong, UK reach deal to expand air services
Bank to provide loans for Beijing airport expansion
Lufthansa's cargo arm sees sales rising next year
Narita's int'l traffic dips

Admiralty Casebook

Hanjin not liable for loss of container in unsecured yard
A CARRIER that transported a container under an intermodal waybill involving both sea and land transport has appealed successfully against a US district court ruling holding it responsible for the loss of the container while it was in a yard after a customs inspection.

web site

Shipping News

Insurers may class Indon piracy attacks as terrorism
PIRATE attacks off Indonesia's war-torn Aceh province can be labelled terrorist attacks by marine insurers, leaving shipowners in the dangerous position of lacking adequate insurance coverage, according to a senior marine insurer.
SSC sees profit boost on higher charter rates
SINGAPORE Shipping Corporation expects a bottom line boost from soaring charter and freight rates for at least the next 18 months, despite an 18 per cent fall in profits for the first half of its 2004 financial year.
France, Spain mull joint probe into Prestige spill
FRENCH and Spanish judges are considering merging their separate probes into last year's Prestige oil spill disaster and launching a joint lawsuit, officials said.
Captain fired for refusing to aid NY ferry crash inquiry
CITY officials on Wednesday fired the captain of the Staten Island ferry that plowed into a pier last month, killing 10 people, because they say he refused to cooperate with investigators.
Asbestos found on UK ship being broken up
INDIAN anti-pollution authorities said a British ship that has docked on the western coast for ship-breaking contains potentially dangerous asbestos fittings.

Air and Land Transport

Air Canada's net loss reaches C$263m in Q3
A big drop in international traffic following the Sars outbreak in Toronto and Asia pushed Air Canada deep into the red in the third quarter as it worked to emerge from bankruptcy protection, the carrier said on Wednesday.
Delays likely as Aussie pilots protest new air traffic rules
Hong Kong, UK reach deal to expand air services
Bank to provide loans for Beijing airport expansion
Lufthansa's cargo arm sees sales rising next year
Narita's int'l traffic dips

Admiralty Casebook

Hanjin not liable for loss of container in unsecured yard
A CARRIER that transported a container under an intermodal waybill involving both sea and land transport has appealed successfully against a US district court ruling holding it responsible for the loss of the container while it was in a yard after a customs inspection.

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Korea to offer new port incentives to foreign companies Trade between China and Singapore set to exceed US$20b New Jersey building sale nets US$5.3m for NOL FSM sees value in Russian customs grant Samsung wins US$690m shipbuilding contract Korean Air Cargo to resume flights to Sydney New Asia Pacific GSA partners onboard with Volga-Dnepr Emirates employ innovative finance plan for plane CSA, Dragonair sign codeshare agreement Cathay wins crisis management, investor relations awards

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India Steamship likely to acquire Aframax tanker M & S Tank Container Shipping (UK) reaffirms commitment to Indian market CMA-CGM to commence direct calls at Mundra (MICT) Foreign maritime insurance claims enforceable in India: SC Spices exports rise in September EU to levy anti-subsidy duty on Indian bedlinen from Jan. Electrical goods makers seek import duty cut on finished goods Vizag Port has potential to become soya export hub Jawahar Customs to start Bond Cell from December 1 Dock workers plan action against FoC vessels from Dec. 1 Gulf Air's Kolkata service begins TN govt, Coir Board draw up plan to boost exports CII plans to train SMEs in technology upgradation ASIDE panel to decide on SEZs' cases next month Centre mulls SEZs for service sector BCHAA hosts 11th CAFAC meeting

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NOVEMBER 27, 2003
OPEC gets off the price-band hook again Without the fall below $28 for one single day, the 20-day period may well have been reached as of December 4th, the day of OPEC's next meeting to discuss production levels. Istanbul: Fire on idle storage vessel The Melike Ince, an old single-hull tanker used as floating storage in Istanbul, became the centre of some controversy in July 2002 when local customs authorities seized it for alleged irregularities. Island Oil/Tramp Oil agency agreement terminated Bearish Japanese numbers not enough to tempt business back Crude strength fails to push Singapore up as stocks rise The weekly report from International Enterprise out today showed that Singapore's on-shore stocks of residual fuel rose 565,000 barrels over the past week. Italian numbers rebound after soft and sluggish period Rotterdam steady at noon 'Favourable' Venezuelan fuel oil deals come under scrutiny Authorities in Venezuela and the US are reportedly looking into fuel oil deals between Venezuela's state-owned oil company PDVSA and a handful of international trading firms, including bunker operators. According to the Wall Street Journal, investigations were set in motion after a series of transactions which are said to have cost Venezuela tens of millions of US dollars in lost revenues.

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NOVEMBER 27, 2003
Spain-Tir nominates new General Director for Intercontinental Rates in Europe/Mediterranean trade to rise Trans-Rak - a retractable transport system for 4 cars Georg Fischer redesigns spare parts logistics Dangerous Goods by Air

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NOVEMBER 27, 2003
Finland boosts shipping aid Russian worry about Bosporous traffic Tallink to acquire ro-pax ferry

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Croatia pulls the plug on Viktor Lenac Croatia's outgoing government refused further backing for Viktor Lenac yesterday, plunging the nation's only private sector shipyard towards insolvency and leaving its successors with the task of mounting any rescue package from scratch. Financial institutions join freight derivative party FINANCIAL institutions are piling into the freight derivatives market ahead of another expected surge in rates, writes Neville Smith. Poland's Gryfia seeks European partnership to boost repair capability SZCZECIN Ship Repair Yard Gryfia is looking to form a new international partnership with western European interests that will significantly upgrade its repair capability, writes Hugh O'Mahony.

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NOVEMBER 27, 2003
Tragedy as DR Congo ferries collide AT least 100 people are reported to have died and a further 600 are still missing following a collision between two small ferries on Lake Mayi Ndombe in the Democratic Republic of Congo Waste management in the spotlight THE shiprepair industry should prepare for stricter enforcement of waste management legislation, a lawyer warned conference delegates today Freight drives DFDS to 3Q profit DFDS has posted a third quarter pre-tax profit of DK224M ($34.5M), with increases in its freight business making up for a decline in cruise ferry activity Finns urged to match Estonians THE Finnish Shipowners' Association has welcomed government moves to bring crewing costs down to Swedish levels, but urged unions to match Estonia Repair choice will be limited SHIPOWNERS' choice of repair yard could become restricted after July 2004 when the ISPS Code enters force, a consultant warned yesterday French tonnage tax 'by end of year' FRANCE is to introduce the long-awaited tonnage tax before the end of the year, the ministry of transport said yesterday EU flag proposal dismissed Finland responds to Sweden's lead China Shipping, K Line join forces Seafarers' rights are crucial Prestige judges join forces Pirates move closer to Singapore Manager stresses role of training Korea to export 1.8M cars North Korea building box port Portek completes port stake sale

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NOVEMBER 27, 2003
P&O Group and Royal Nedlloyd restart sale negotiations with CP Ships CP Ships re-opened negotiations with the shareholders of P&O Nedlloyd (PONL) last week and is now looking for a 40% share of the company, according to high level sources. China/Australia boom continuing Demand for the China/Australia route is still exceeding supply and carriers are forecasting a continuation in 2004, saying high charter rates and scarce tonnage leave owners with few fleet options. Cuts in S.Korea's port facility usage fees to be extended Record Sydney Port throughput boosts rail volumes Waigaoqiao Port develops Shanghai's future N.Korea to build container port OECD recovery forecast coincides with FEFC rate rise DFDS Tor Line institutes German barge route with UK connections MOL restructures Vietnam agencies

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NOVEMBER 27, 2003
Tractebel relets LNG ship to RasGas Berge Everett set to make history with unusual voyage. Repsol fixture under spotlight Spanish charterer opts for 20-year old single hull ship. DFDS logs five-fold profit hike But lowers end-year profit forecast on sale of passenger ship. Intermare joins IHC bulker pool Toepfer takes test drive with the Pacific Basin-led handysize gang. WG&A thinks again on name change Philippine ferry owner comes up with third prospective rebranding following Aboitiz buy-out. Hapag-Lloyd on a high German container line's strong third quarter performance should continue for rest of year. US holds MSC and Hoegh ships Swiss and Norwegian bulkers among 16 vessels detained by US Coast Guard in October. Big three feeling left out over tonnage tax Japanese Shipowners' Association wants members like NYK, MOL and K Line to benefit from lower bills. Stolt-Nielsen fends off creditors Beleagured chemical tanker player says making progress as waivers expire. ABS strengthens Greek presence US class society creates new eastern European role for Dimitri Kostaras in Piraeus. Pirates rob tanker off Singapore Alarming development for maritime industry as attack takes place a few miles from naval base. Thoresen Thai completes private placement Expansionist Thai bulker operator raises $13.5m from single investor to go towards ship acquisitions. Investors take Portek port stake Ex-PSA marketing head leads acquisition of stake in Indonesian multi-purpose terminal.

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NOVEMBER 27, 2003
MelBridge drops Canada call on Europe/Cuba service Woods leaves Rickmers-Linie CLARIFICATION: Senator stays in Europe/Europe East Coast South America conference Delta chief Mullins resigns EVA Air adds freighter capacity Astar dispatchers agree to new contract CSX, Norfolk Southern break for Thanksgiving Senator says Canada moves ahead of U.S. northern border project Congress pushes two-year delay for meat, produce origin labeling Exel will reap $50 million from IPO of Sirva Food distribution disrupted by grocery workers strike Fish and Wildlife tightens regulations for mahogany imports OmniTRAX ends shipping season at Canada's Port of Churchill Panama Canal acquires radar system Port of Los Angeles studies ways to reduce truck traffic Concorde arrives as project cargo in New York harbor