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Shipping News

Hutchison chief raps S'pore for chasing transhipment volumes
THE head of the world's largest container terminal operator has taken a swipe against Singapore, describing its transhipment business as of no 'real value', and its pursuit of more volumes 'fickle'.
Local partnership takes on Jakarta port
SINGAPORE-listed container crane leasing group Portek International has joined forces with PSA Corporation's former marketing head John Ong in a major expansion of a terminal in Banten, Indonesia.
Singamas Container's first half profit jumps 36% to US$7m
SINGAMAS Container Holdings Ltd, the world's second-largest shipping container maker, said its profit jumped 36 per cent in the first half as increasing exports from Asia boosted demand for containers.
Left high and dry
POLISH captain Wladzimierz Rosik, 57, from Bydgoszcz with his ship at the river Elbe near Schnackenburg, southeast of Hamburg, northern Germany.

Air and Land Transport

Philippine Airlines dives into the red
PHILIPPINE Airlines flew into the red with a net loss of over US$18 million in the June quarter, hit largely by the Sars epidemic.
Auckland airport H2 profit surges 20% to NZ$43.8m
Lufthansa Cargo sees strong Asia growth
KLM focuses on tie-up with Air France
Air Canada renegotiates leases on 14 more planes
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Admiralty Casebook

Meaning of 'accident' no different from 'perils of the sea'
THE word 'accident' in a marine insurance policy instead of the phrase 'perils of the sea', did not in any way affect the case law that a court could use to decide on a dispute, a court in Australia has ruled.

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Shipping News

Hutchison chief raps S'pore for chasing transhipment volumes
THE head of the world's largest container terminal operator has taken a swipe against Singapore, describing its transhipment business as of no 'real value', and its pursuit of more volumes 'fickle'.
Local partnership takes on Jakarta port
SINGAPORE-listed container crane leasing group Portek International has joined forces with PSA Corporation's former marketing head John Ong in a major expansion of a terminal in Banten, Indonesia.
Singamas Container's first half profit jumps 36% to US$7m
SINGAMAS Container Holdings Ltd, the world's second-largest shipping container maker, said its profit jumped 36 per cent in the first half as increasing exports from Asia boosted demand for containers.
Left high and dry
POLISH captain Wladzimierz Rosik, 57, from Bydgoszcz with his ship at the river Elbe near Schnackenburg, southeast of Hamburg, northern Germany.

Air and Land Transport

Philippine Airlines dives into the red
PHILIPPINE Airlines flew into the red with a net loss of over US$18 million in the June quarter, hit largely by the Sars epidemic.
Auckland airport H2 profit surges 20% to NZ$43.8m
Lufthansa Cargo sees strong Asia growth
KLM focuses on tie-up with Air France
Air Canada renegotiates leases on 14 more planes
Log Book

Admiralty Casebook

Meaning of 'accident' no different from 'perils of the sea'
THE word 'accident' in a marine insurance policy instead of the phrase 'perils of the sea', did not in any way affect the case law that a court could use to decide on a dispute, a court in Australia has ruled.

web site

Shipping News

Hutchison chief raps S'pore for chasing transhipment volumes
THE head of the world's largest container terminal operator has taken a swipe against Singapore, describing its transhipment business as of no 'real value', and its pursuit of more volumes 'fickle'.
Local partnership takes on Jakarta port
SINGAPORE-listed container crane leasing group Portek International has joined forces with PSA Corporation's former marketing head John Ong in a major expansion of a terminal in Banten, Indonesia.
Singamas Container's first half profit jumps 36% to US$7m
SINGAMAS Container Holdings Ltd, the world's second-largest shipping container maker, said its profit jumped 36 per cent in the first half as increasing exports from Asia boosted demand for containers.
Left high and dry
POLISH captain Wladzimierz Rosik, 57, from Bydgoszcz with his ship at the river Elbe near Schnackenburg, southeast of Hamburg, northern Germany.

Air and Land Transport

Philippine Airlines dives into the red
PHILIPPINE Airlines flew into the red with a net loss of over US$18 million in the June quarter, hit largely by the Sars epidemic.
Auckland airport H2 profit surges 20% to NZ$43.8m
Lufthansa Cargo sees strong Asia growth
KLM focuses on tie-up with Air France
Air Canada renegotiates leases on 14 more planes
Log Book

Admiralty Casebook

Meaning of 'accident' no different from 'perils of the sea'
THE word 'accident' in a marine insurance policy instead of the phrase 'perils of the sea', did not in any way affect the case law that a court could use to decide on a dispute, a court in Australia has ruled.

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S Americas trades CMA CGM orders eight 8,200 TEU vessels Port of Los Angeles harbours new chief engineers USSEC announce rate/ BAF increases New express service for CSC Singapore and Thailand 'steer' towards closer economic ties Panama Canal deepening to improve safety and efficiency New express service for CSC Tender response seen by Inttra Major work completed at new Baiyun International Airport Qantas boss says no `casualisation' of workforce Special flight plan for amphibious aircraft to US

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Ship prices likely to shoot up, say shipbrokers - Sequel to phasing out of single-hull tankers, brightening trade prospects IMO move to accelerate phase-out scheme for tankers Guide for flatrack container inspection released A whole new market opens up in Iraq - Exporters eagerly awaiting reopening of West Coast of India-Umm Qasr route SPV route opted to build rail line linking Bellary mines with Krishnapatnam port 2nd round of VRS on at Cochin Port Major Ports handle more cargo in June Proposed Vizhinjam terminal may supplement Vallarpadam CT New jetty at Paradip Port all set to handle petro-products Mundra Port to get coveted ISO 9001:2000 certificate C. T. Thomas takes over as new RM of CWC Rlys freight earnings total Rs 8,780.45 cr. in April-July Exporters urged to take on challenges ONGC arm buys stakes in Libyan and Sudanese oilfields State to exclude new units from ambit of labour laws BG, bond norms under Advance Licence, EPCG schemes revised 7.1 pc rise in steel output during April-July 2003 IOC set to sign oil pact with BP ONGC's overseas arm on acquisition spree Washington means 'business' this time: Team coming in Sept. Foreign Trade Analysis: Current Policy & Procedures Interactive session on "Service Tax" today WTO drops move for farm accord at Cancun

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AUGUST 28, 2003
Californian markets rise as aggressive selling ceases MDO seen easing in Vancouver on improved avails There were indications today that the sharp increase observed in Vancouver's MDO prices since about 2 weeks back is about to go into reverse, although suppliers were still reporting high numbers. USEC demand kicks in after prices drop Fuel oil prices eased off in New York and Philadelphia yesterday and remained at similar levels this Thursday. While demand yesterday was reportedly light, some more pre-holiday fixtures were observed today. Montreal/Halifax quiet amid good avails Swedish bunker move Japan's regional parity fails to bait buyers Tightness back in Genoa as bears take over Italy Singapore steadies as fuel oil inventories fall The oversupply situation that has been suppressing the Singapore fuel oil market eased somewhat today after the weekly report from International Enterprise showed that stocks of residual fuels fell below 10 million barrels. Rotterdam market moves into September

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AUGUST 28, 2003
World Airways: New president and COO BLG Cargo Bremen open for partnerships Air France in the black in Q2! Low water has a limited effect on inland navigation Royal Mail in last ditch strike talks

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AUGUST 28, 2003
Tordenskjold in court today DFDS reports loss but believe in profit Most of "Prestige"'s fuel oil gone

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AUGUST 28, 2003
Guily plea in Port Everglades security case Defendants face jail, fines Sembcorp Marine plans giant yard Will replace Jurong and Sembawang facilities

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AUGUST 28, 2003
Spokane Airport receiving $9.5 million in federal funds Manitowoc launches new cutter for Coast Guard duty in Guam Washington State Ferries cuts prices for Bremerton festival Lane named commissioner of International Trade Commission NYK trying anticorrosive steel on new VLCC tank bottom

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Gioia Tauro investe 770 milioni Stop alle tasse in banchina per arrivi Ue

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NYK shakes reefer trade with switch of partners JAPANESE-controlled NYK Reefers has shaken up the refrigerated shipping trades by swapping partners. Star Reefers casts light on its acquisition ambitions STAR Reefers is aiming to double the size of its fleet of refrigerated cargoships and is actively seeing acquisition opportunities, writes Janet Porter. Golar fuels talk of deal with Exmar GOLAR LNG's shares touched a new high after the company disclosed it was planning at least "one major corporate transaction" during the next 12 months. Last hurdle for DnB and Gjensidige link NORGES Bank, Norway's central bank, has given its blessing to a merger that could forge the biggest ship finance entity in Scandinavia and re-ignite the famous battle for pole position between Den norske Bank and its chief regional rival Nordea. Big Frontline dividend on the cards SPECULATION about another big dividend payment by Frontline may increase after the world's largest tanker company said it could raise more than $300m cash by refinancing part of its fleet, writes Tony Gray.

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AUGUST 28, 2003
Alang scrap prices slip from peak LauritzenCool links with NYK Reefer Research ship management protest Even the weather hinders Durban Younger ferries burden operators Paul Martin completes CSL transfer Tasman Spirit impact to be assessed Russian crude from Ukraine port Coal deal props up Tauranga Korea prepares for 12,000-TEU ships Asian owners stress IMO role

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AUGUST 28, 2003
Hapag-Lloyd earnings soar The improved earnings were driven by a 9 percent increase in container volumes and higher freight rates on almost all trade routes. Korea reports steady return of container flow The Port of Pusan is now operating at about 70 percent of normal as more truckers abandon their weeklong strike. Anderson takes seat on FMC TNT adds Naples, Florence to air network BA to launch cargo service between Houston, Mideast India-Europe ocean carriers raise rates again Korean Air to take stake in aerospace firm W.L. Rozman, former IAM shop foreman, dies Baton Rouge opens Inland River Marine Terminal Delta makes entire domestic network available on GF-X MOL to move European headquarters India, Bangladesh step up port security

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AUGUST 28, 2003
Smit make final preparations for Sealand Express operation Smit Marine has said that preparations to re-float the beached Sealand Express are almost complete with all but 415 tonnes of fuel in total having been removed from the ship. Kwangyang FTZ aimed at realising Korean hub dream Korean government plans to turn the country into a north-east Asian hub will push ahead with the creation of Kwangyang Port's free-trade zone (FTZ) before the end of the year. Toll linked to Freight Australia sale as RailAmerica seeks to reduce debts Ambitious Lübeck launches intermodal facility 'Big guns' lead liner shipping association Jamaican Customs seizes 1.5 tonnes of marijuana Export downturn hits Auckland volumes

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AUGUST 28, 2003
Risk? What risk? Frontline tempers image at oil conference. DFDS profit slides Danish operator says ro-ro business booming but ferries are weaker. Golar sets out its targets Read Friday's TradeWinds to hear more about the company's moves. Lauritzen and NYK chill together New reefership partnership forged. Minoan Lines upbeat after cutting losses Greek owner chipping away at net deficit, as ferries turn in strong operating result. WG&A swallows Cebu Ferries Philippine ferry owner taking back five ships chartered to wholly owned subsidiary. Ports push up profits at China Merchants Chinese tanker operator boosted by terminals in six months to 30 June. Paul Martin formally bows out of CSL Canada's PM-in-waiting hands over shipping company to sons. Star Reefers sinks back Expiry of lucrative term charters takes toll on go-it-alone Norwegian reefer player. Hapag-Lloyd bounces back German container line's first half profit boosted by market upswing. Sigh of relief over IRS rules New US tax regulations keep foreign owners happy. Nel Lines cuts losses Greek ferry owner boosts revenues in first half and nears break-even point. New ferries a mixed blessing for Attica Greek owner's newbuildings making money, but financing costs produce net loss. Tokyo MOU to scrutinise bulkers Concentrated inspection campaign kicks off Monday. Thoresen Thai continues buying spree Another second-hand ship joins Thai owner's fleet as it seeks to lower age profile. STX inks Parakou panamaxes South Korean yard confirms newbuilding orders for up to seven more ships worth a total of $250m. K Line confirms Sumidagawa sale Following disposal of eleven-year-old VLCC owner's fleet will be virtually single-hull free. CIS in stellar start to 2003 Rate increases and restructuring help turn things around dramatically at Singapore owner and repairer. Singapore port data down in June Despite the passing of the SARS outbreak the Lion Republic's maritime industries saw a decline.

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AUGUST 28, 2003
World Shipping Council asks Customs to redefine "shipper" A.P. Moller-Maersk shows improved first half results MOL relocates office in Rotterdam FedEx, UPS scramble to reassess strategy in Astar case FCS prepares for Air AMS filing service Menlo Worldwide Forwarding opens Manzanillo office INTTRA introduces advanced tender response software Exel names Renaud VP risk management Suzuki plans to double auto imports through Baltimore Port of Houston approves gate contract, financing proposal Panama Canal reports progress on channel deepening