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Shipping News

APL risks losing market share if it doesn't expand fleet: UBS
NEPTUNE Orient Lines' container shipping division, APL, is among the major container lines at risk of losing market share as it shys away from ordering the latest generation of large post-Panamax container vessels.
Swire launches weekly Darwin-S'pore service to tap new Aussie rail link
HONG Kong-headquartered Swire Shipping has launched a new weekly service between Australia's northern port of Darwin and Singapore - the first operator to bet on a cargo boost from a rail link finally connecting the city closest to Asia to the rest of the continent.
M'sian ports' throughput up 16%
MALAYSIA's ports handled 16 per cent more containers in the first nine months of 2003 compared with the year-earlier period and are expected to handle a record number for the full year, Transport Minister Chan Kong Choy said.
Ship blocking mouth of Bosphorus
A cargo ship has broken down on the Bosphorus and is blocking the entrance to the Black Sea, compounding existing congestion delays, Lloyds Casualty Reporting Service said.
MPA shows compassionate side
THE Maritime and Port Authority of Singapore has shown that it is not just a powerful government body out there imposing rules and enforcing their compliance.

Air and Land Transport

Narita airport's fee cut promise met with scepticism
FUTURE fee cuts touted by the operator of Tokyo's pricey Narita airport have been greeted with scepticism by the airport's second biggest customer, Northwest Airlines, which has taken a 'we'll believe it when we see it' stance.
Malaysia Airlines' talks with alliance suffer setback
Iata picks S'pore to host summit
Skymark plans flights to Kobe
Ice had role in Taiwanese cargo plane crash: council
Qatar Air widens Far East network

Newbuilds

LNG orders build up but look out for CNG
LIQUEFIED natural gas carriers have been the talk of the industry recently, with most commentators seeing a steady rise in both LNG use and transportation.

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Shipping News

APL risks losing market share if it doesn't expand fleet: UBS
NEPTUNE Orient Lines' container shipping division, APL, is among the major container lines at risk of losing market share as it shys away from ordering the latest generation of large post-Panamax container vessels.
Swire launches weekly Darwin-S'pore service to tap new Aussie rail link
HONG Kong-headquartered Swire Shipping has launched a new weekly service between Australia's northern port of Darwin and Singapore - the first operator to bet on a cargo boost from a rail link finally connecting the city closest to Asia to the rest of the continent.
M'sian ports' throughput up 16%
MALAYSIA's ports handled 16 per cent more containers in the first nine months of 2003 compared with the year-earlier period and are expected to handle a record number for the full year, Transport Minister Chan Kong Choy said.
Ship blocking mouth of Bosphorus
A cargo ship has broken down on the Bosphorus and is blocking the entrance to the Black Sea, compounding existing congestion delays, Lloyds Casualty Reporting Service said.
MPA shows compassionate side
THE Maritime and Port Authority of Singapore has shown that it is not just a powerful government body out there imposing rules and enforcing their compliance.

Air and Land Transport

Narita airport's fee cut promise met with scepticism
FUTURE fee cuts touted by the operator of Tokyo's pricey Narita airport have been greeted with scepticism by the airport's second biggest customer, Northwest Airlines, which has taken a 'we'll believe it when we see it' stance.
Malaysia Airlines' talks with alliance suffer setback
Iata picks S'pore to host summit
Skymark plans flights to Kobe
Ice had role in Taiwanese cargo plane crash: council
Qatar Air widens Far East network

Newbuilds

LNG orders build up but look out for CNG
LIQUEFIED natural gas carriers have been the talk of the industry recently, with most commentators seeing a steady rise in both LNG use and transportation.

web site

Shipping News

APL risks losing market share if it doesn't expand fleet: UBS
NEPTUNE Orient Lines' container shipping division, APL, is among the major container lines at risk of losing market share as it shys away from ordering the latest generation of large post-Panamax container vessels.
Swire launches weekly Darwin-S'pore service to tap new Aussie rail link
HONG Kong-headquartered Swire Shipping has launched a new weekly service between Australia's northern port of Darwin and Singapore - the first operator to bet on a cargo boost from a rail link finally connecting the city closest to Asia to the rest of the continent.
M'sian ports' throughput up 16%
MALAYSIA's ports handled 16 per cent more containers in the first nine months of 2003 compared with the year-earlier period and are expected to handle a record number for the full year, Transport Minister Chan Kong Choy said.
Ship blocking mouth of Bosphorus
A cargo ship has broken down on the Bosphorus and is blocking the entrance to the Black Sea, compounding existing congestion delays, Lloyds Casualty Reporting Service said.
MPA shows compassionate side
THE Maritime and Port Authority of Singapore has shown that it is not just a powerful government body out there imposing rules and enforcing their compliance.

Air and Land Transport

Narita airport's fee cut promise met with scepticism
FUTURE fee cuts touted by the operator of Tokyo's pricey Narita airport have been greeted with scepticism by the airport's second biggest customer, Northwest Airlines, which has taken a 'we'll believe it when we see it' stance.
Malaysia Airlines' talks with alliance suffer setback
Iata picks S'pore to host summit
Skymark plans flights to Kobe
Ice had role in Taiwanese cargo plane crash: council
Qatar Air widens Far East network

Newbuilds

LNG orders build up but look out for CNG
LIQUEFIED natural gas carriers have been the talk of the industry recently, with most commentators seeing a steady rise in both LNG use and transportation.

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Maersk Sealand calls at Qingdao MOL to open three China branch offices India to Europe now on DHL Danzas Lemuir radar GAC clinches long-term contract with Tiens Malaysia Nansha's throughput jumps by 10.5 per cent Menlo wins IDT global contract HK and Shanghai airports pledge closer co-operation Volga-Dnepr sees revenue jump 48pc Cargo 2000 appoints new programme director

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Vessel acquisitions by global shipping giants involve massive funds, says Drewry MD Simatech Shipping plans to expand fleet MOL enhances commitment to Indian trade GE Shipping deploys Citrix XP server CIWTC may diversify to ferrying vehicles in near future India to import 65,000 tonnes LpG in Nov. US withdraws GSP benefit to 742 items from India Exim Bank signs LC with Ghana for $ 15 million CVD on Indian bedlinen: EU to hold hearing tomorrow NMPT certificate for Kudremukh unit's export performance Govt policy halts grain exports via Kakinada port Govt may raise dollar credit flow for exporters Taiwan wants economic ties with India strengthened Grains output projected at over 215 m. tonnes for 2003-04 Steel industry clocks 35.6 pc growth in exports during April-September Canadian PM invites Indian investments Prices of soyameal may remain firm China invites Indian IT, telecom, banking companies Foreign Trade Analysis: Current Policy & Procedures World mining congress, expo 2003 from Nov. 1 Central Excise launches official website Ficci to showcase India at China forum CII to hold two-day training on Customs law and procedures next month-end Taiwan team to hold business meetings

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OCTOBER 29, 2003
US West Coast pricing attracts some attention Tight supply keeps East Coast high US Gulf: Tesoro sells marine & bunker business to Midstream Tesoro Petroleum Corp. has agreed to sell its marine services and bunkering subsidiary Tesoro Marine Services LLC to the US-Gulf company Martin Midstream Partners LP and Midstream Fuel Services, a bunker supplier operating on the US Gulf Coast. The deal signals Tesoro's exit from the marine fuels and services sector. DOE data paint bearish picture against neutral to bullish API Crude futures look poised for further falls today after the latest round of weekly inventory data emerged from the US. Builds in heating oil has cleared a year-on-year deficit for the first time in the build-up to the winter heating fuel season. No relief for Japan in November? With power stations buying up the lion share of barge avails, premiums for deliveries in the Japanese bunker market have soared - and don't look like they will be coming down for a while yet. This appears to be the root source of supported Japanese prices. New Saudi posted prices Good demand saps Piraeus avails Bunker Holdings announces Black Sea barge fleet expansion The company has expanded its barge fleet in the Yuzhniy region to five, and a sixth barge expected in November will allow a permanent bunker barge presence at the port of Nikolaev. Very mixed views ahead of weekly US inventory report Oil prices have fallen in the past two weeks after weekly US data eased fears of a winter fuel shortage, but the market remains edgy about overall low stocks of heating oil and the risk of another really cold winter driving up demand. Oil firms after OPEC basket slips back into range The OPEC crude basket slipped back into its $22 to $28 target range yesterday, after having spent 13 consecutive days above the ceiling. That means OPEC is off the hook to implement a production increase in line with its price-band mechanism. Greece: Trader on the move Rotterdam largely steady Novorossiysk: Winds halt barge deliveries

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OCTOBER 29, 2003
U-Freight names its "Employee of the Year" OTAL to reorganise UK structure Swiss International Air Lines: New timetable, new developments Hupac: 10% stake in DIT-Duisburg Brechtbühl sells car transport division to Galliker

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OCTOBER 29, 2003
Difficult times for B&N More piracy attacks John T. Essberger wins Vopak fleet

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OCTOBER 29, 2003
Shell plans U.S. Gulf offshore LNG terminal Files for Deepwater Ports Act license BIMCO supports IACS on bulker double hulls Wants ships to be "designed for purpose," not just modified single hull designs MSC eyes HSV's Is conducting market survey Kvaerner Masa-Yards delivers Mariner of the Seas Latest in Royal Caribbean's Voyager series

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OCTOBER 29, 2003
TSA hiring security screeners for Seattle-Tacoma Airport WSF adds additional vessel to cover for PUYALLUP dry dock Homeland Security Department set to add visitor I.D. system Corps of Engineers considers Georgia Pacific bid for Coos Bay wharf Mitsui's China affiliate opening three new offices

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Banking trio to buy ABB energy division for more than $900m ABB has agreed to sell its oil, gas and petrochemical division in a price range of $925m-$975m to a private equity consortium of three London-based banks. Intertanko seeks compromise on single-hull sanctions THE shipping industry's considered response to EU-driven proposals to tighten international restrictions on tanker operations has emerged, with the passing of the deadline for submissions to December's interim Marine Environment Protection Committee meeting. EU state-aid guidelines for shipping approved EUROPE'S Transport Commissioner Loyola de Palacio will today present new European Union state-aid guidelines for shipping, which were approved yesterday, writes Brian Reyes . Spanish court rejects bid to relax bail for Mangouras SPAIN' s Constitutional Court has rejected the latest appeal by lawyers acting for Apostolos Mangouras, master of the Prestige , to have his bail conditions relaxed, writes Brian Reyes.

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OCTOBER 29, 2003
Spain rejects Mangouras appeal SPAIN'S constitutional court in Madrid, the Tribunal Constitutional, has rejected an appeal lodged by Prestige master Apostolos Mangouras against the '3M ($3.3M) bail sum placed on him following the sinking of the Prestige EC's Trestour grilled by delegates DELEGATES at BIMCO's annual meeting gave a rough ride today to Jean Trestour, head of the European Commission's Maritime Policy and Technology Unit Have your say The European Commission has unveiled a new 30-point manifesto for the future of Europe's shipbuilding and repair industry, but will it be enough to save the EU's ailing yards? Have your say GREEK operator Polembros yesterday refused to rule out taking further action against Pakistan National Shipping Corp (PNSC) in the battle over the Tasman Spirit clean-up. costs Denholm hit by terminal losses LOSSES on its terminal activities resulted in a 40% drop in figures last year for J&J Denholm, the UK shipping and logistics group, from £4.4M ($7.4M) in 2001 to £2.8M Brazilian yard replaces guarantor BRAZILIAN shipbuilder Estaleiro Ilha says its new majority owners Maritima Petroleo e Engenharia will replace shipbuilder Jurong as guarantor for its four-tanker newbuilding Industry baulks at US trailer law CP Ships lifted by Asian trade B&N loses out in ship sales Senior US senators target manifests Yards and ports must be accountable West accused of double standards Sterling condemns protectionism Gard halves advance call rise EU unveils shipbuilding manifesto RCCL told to look at wider picture

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OCTOBER 29, 2003
CP Ships profit up on higher volumes Higher freight volumes in the third quarter boosted earnings to $33 million from $24 million a year ago. Wal-Mart shipping more via air The retailer is increasing its use of airfreight by 8-10 percent a year, a Wal-Mart executive says. Senators challenge cargo security Leaders of the Senate Governmental Affairs Committee question the adequacy of Customs' cargo-security system. Pacer International reports lower income Intermodal powers Norfolk Southern Mexico unit drags KCS earnings N.Y. Waterfront Commission names first female law chief Malaysia boosting Kuala Lumpur air cargo capacity At Air Cargo Americas: LanChile moving to Web booking At Air Cargo Americas: Tampa Airlines to add freighters Jaxport names Cabrera for LatAm trade Flights improving despite fires

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OCTOBER 29, 2003
Pacific rate hikes bolster CP Ships' income Hardening rates and growth on the Pacific pushed CP Ships' third quarter operating income up a further 29%, the company reported today. EWATA despair at failed rate increase in 'stagnant' trade Europe-West Africa Trade Association's (EWATA) October 1 rate restoration is in difficulties, according to member-lines, forwarders and even the EWATA chairman, and another restoration in spring is already being considered. Languid charter market slips into reverse WAL strikes Delmas/OTAL West Africa service deal Cosco Pacific investing in Chinese and US terminals Tax relief improves Canadian West Coast ports' competitiveness Road cargo switch to rail boost Norfolk Southern's returns High rail freight costs mean drop in Concor revenue growth Canada issues new marine security requirements S.Korea's HMM to establish headquarters for China

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OCTOBER 29, 2003
Teekay shares top 52-week high after upgrade Tanker giant nudges over one-year peak following Morgan Stanley nod. NY ferry plot thickens Witness accounts cast doubt on captains' crash story. S&P chides Carnival for dividend bump Agency drops cruise giant to 'negative' outlook while preserving ratings. Fleet changes cost B&N Swedish owner books loss on ship sales as it moves out of traditional bulk and ro-ro trades. Yang Ming surges again Another strong set of quarterly figures for Taiwanese boxship owner - and First Steamship made a profit too. DNV to class seafarers Norwegian classification society aims to certify both colleges and crew. Bulgarians seize Varna Yard-led consortium to buy 75% of Navibulgar's Black Sea shipbuilder. Wan Hai raking in the cash First nine months see Taiwanese container line's earnings top $100m. CP Ships in "best result since 2001" Container line records $44m operating profit despite rising costs. Mexico's TMM cuts losses But struggling tanker and offshore vessel group remains some way off profit this year. Finnlines keeps lid on costs Profit rises for Finnish ro-ro ferry operator in first nine months of year. Wartsila lifted by yard boom Marine engine maker in 84% profit rise for third quarter Jaya books $45m in vessel sales Singapore shipping and shipyard group sells five vessels to Malaysian associate plus US players. Hapag-Lloyd boxship engineer found dead US investigators rule fatality aboard German owner's 4,612-teu London Express an accident. Iraq war costs Todd US repairer books interim loss as Middle East deployment keeps navy ships out of its drydocks.

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OCTOBER 29, 2003
Delmas, WAL cooperate in Europe/West Africa trade Lloyd Triestino to join CMA CGM's U.S./Med service Higher freight rates help CP Ships report record 3rd-quarter profit Lykes joins U.S./Central America discussion agreement Hyundai names first non-Korean-built containership TACA increases eastbound tariff rates New Caribbean Service Rate Agreement posts rate increase DHL invests $200 million in China Forward Air posts profit, names new CEO TSA hires security firm to check airport workers DOT pushes short-sea shipping Yantian to commission second berth for mega-containerships this year