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Shipping News

Shanghai's growing port woos foreign investors
FOREIGN and private investment in Shanghai's port construction will be 'welcomed and encouraged' along with existing access to terminal operations concessions, according to the head of the port administration.
PSA's China ventures record good growth
PSA Corporation's mainland China terminals contributed significantly to its strong 35 per cent foreign throughput growth, with figures just released from Guangzhou and Fuzhou showing little sign of slowing.
Onshore charter income to be tax exempt
ONSHORE charter income will be tax exempt from next year for shipowners and operators under Singapore's Approved International Shipping Enterprise scheme, who were handed a bonus in the 2004 Budget.
Chemical tanker blast off US east coast kills 3; 18 missing
A Singapore-flagged chemical tanker, the Bow Mariner, exploded and sank about 80 km off the US east coast on Saturday evening EST, leaving three dead, 18 missing and six of the ship's 27 crew in critical condition.

Air and Land Transport

Asia Pacific key turf for battling aerospace firms
THE Asia Pacific will be a key battleground for the world's top aerospace companies in the next 20 years, with industry players already positioning for a slice of the expected multi-billion-dollar bonanza.
Surplus idle planes suppress new aircraft prices: Boeing
Boeing seeks 7E7 engines that can be swopped
Airfare war in Australia sparks online stampede
Ryanair's feud with EC leads to Brussels-London route cut

Liner Scene

Liner conference system likely to face intense pressure
WHAT remains of the liner conference system is certain to come under intense pressure over the next couple of years.

web site

Shipping News

Shanghai's growing port woos foreign investors
FOREIGN and private investment in Shanghai's port construction will be 'welcomed and encouraged' along with existing access to terminal operations concessions, according to the head of the port administration.
PSA's China ventures record good growth
PSA Corporation's mainland China terminals contributed significantly to its strong 35 per cent foreign throughput growth, with figures just released from Guangzhou and Fuzhou showing little sign of slowing.
Onshore charter income to be tax exempt
ONSHORE charter income will be tax exempt from next year for shipowners and operators under Singapore's Approved International Shipping Enterprise scheme, who were handed a bonus in the 2004 Budget.
Chemical tanker blast off US east coast kills 3; 18 missing
A Singapore-flagged chemical tanker, the Bow Mariner, exploded and sank about 80 km off the US east coast on Saturday evening EST, leaving three dead, 18 missing and six of the ship's 27 crew in critical condition.

Air and Land Transport

Asia Pacific key turf for battling aerospace firms
THE Asia Pacific will be a key battleground for the world's top aerospace companies in the next 20 years, with industry players already positioning for a slice of the expected multi-billion-dollar bonanza.
Surplus idle planes suppress new aircraft prices: Boeing
Boeing seeks 7E7 engines that can be swopped
Airfare war in Australia sparks online stampede
Ryanair's feud with EC leads to Brussels-London route cut

Liner Scene

Liner conference system likely to face intense pressure
WHAT remains of the liner conference system is certain to come under intense pressure over the next couple of years.

web site

Shipping News

Shanghai's growing port woos foreign investors
FOREIGN and private investment in Shanghai's port construction will be 'welcomed and encouraged' along with existing access to terminal operations concessions, according to the head of the port administration.
PSA's China ventures record good growth
PSA Corporation's mainland China terminals contributed significantly to its strong 35 per cent foreign throughput growth, with figures just released from Guangzhou and Fuzhou showing little sign of slowing.
Onshore charter income to be tax exempt
ONSHORE charter income will be tax exempt from next year for shipowners and operators under Singapore's Approved International Shipping Enterprise scheme, who were handed a bonus in the 2004 Budget.
Chemical tanker blast off US east coast kills 3; 18 missing
A Singapore-flagged chemical tanker, the Bow Mariner, exploded and sank about 80 km off the US east coast on Saturday evening EST, leaving three dead, 18 missing and six of the ship's 27 crew in critical condition.

Air and Land Transport

Asia Pacific key turf for battling aerospace firms
THE Asia Pacific will be a key battleground for the world's top aerospace companies in the next 20 years, with industry players already positioning for a slice of the expected multi-billion-dollar bonanza.
Surplus idle planes suppress new aircraft prices: Boeing
Boeing seeks 7E7 engines that can be swopped
Airfare war in Australia sparks online stampede
Ryanair's feud with EC leads to Brussels-London route cut

Liner Scene

Liner conference system likely to face intense pressure
WHAT remains of the liner conference system is certain to come under intense pressure over the next couple of years.

	web site

Senator joins new ADX service Two new HK shipping regulations to be tabled XICT buys more cranes GPS required for small vessels Accord Express goes live on the GTN website Le Havre receives gantry cranes from Chinese vessel UAL Corporation reports US$252m loss in January GAC Logistics help Bryan Adams to stage Middle East shows Dragonair named TDC'S official airline to China Weir named Menzies operations director

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MOL enhances West Coast coverage with a new direct service to/from Nhava Sheva Seaways Shipping ties up with Rethmann Group for global logistics operations Exim Bank sets up credit line for S. African importers buying Indian goods India-made cars match European brands in quality: Expert India, Philippines agree to enhance trade Soaring pepper imports upset growers Bilateral trade with UAE likely to cross $ 5 bn CWC-CFS opened at Kandla Port GSL becomes 1st container line, Velji Dosabhai & Sons 1st CHA at newly-opened CWC-CFS, Kandla Chennai Port to emerge as car export hub 'Go slow' affects container movement at CCT Nisha Roadways continues on the route of excellence Singapore Airlines Cargo wants to extend route to India Forex reserves surged by $ 899 million to $ 1,07,506 million Customs duty revenues on target, says Minister Customs, excise duties on steel reduced, govt to freeze export incentives Inflation drops by 0.07 pc to 5.84 pc ADB to step up investments in India in 2004 India, Netherlands sign MoU for investment cooperation Blue Dart network in Lanka, Bangladesh planned IMC to organise infrastructure meet on March 12 Export awareness meet held Outsourced logistics services expected to grow by 20 pc: Survey

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FEBRUARY 27, 2004
Poll result: Car is king Slow St. Petersburg market results in double-digit deals Fuel oil prices have been hitting some very low levels in St. Petersburg this week, with one deal being done for IFO380 on Wednesday at $83 per metric tonne. Senior trader departs Ship-Service Lower Baltic demand opens up for very prompt deliveries Many Baltic players were fine for prompt today, in some cases even almost immediate delivery. Singapore eyes vast underground oil storage facilities Singapore industrial infrastructure developer JTC Corporation is due to decide in November whether ambitious plans to more than double Singapore's oil and petrochemical storage facilities get the go-ahead. Singapore fuel oil values dive, bunker demand slow WTI crude closed a little softer last night and continued soft to steady in overnight trading. With a bearish outlook for the Singapore fuel oil market in March, that was enough to cause a big drop in fuel oil cargo prices today. Malaysia's PDZ Holdings set to acquire blending company Malaysian shipping group PDZ Holdings Bhd has announced plans to acquire fuel oil blending company KIC Oil & Gas Sdn Bhd for $43 million Rotterdam market stable, prompt barges tight

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FEBRUARY 27, 2004
Boeing exhibits at Berlin's ITB New Website for Tibbett & Britten First EIB Technical Assistance under Femip goes to Syria Logista reports growth in Spanish logistics activities Clark Bros Transfer Inc. sold to SCS Transportation Rhinos swap wintry Essex for sunny South Africa Countdown on www.portmaritimesecurity.com U-Freight strengthens Shanghai management team

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Twenty-one feared dead in Bow Mariner explosion Frontline enjoys a fine year Videotel top job for Bill O'Neil Box lines hike rates in South Pacific

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FEBRUARY 27, 2004
Diamond Princess delivered First large cruise ship from Japan in a decade New job for O'Neil Former IMO Secretary General to be president of Videotel Marine International

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FEBRUARY 27, 2004
Port of Olympia slates final East Bay property public workshop Trinity nets order for 6,000 BNSF railcars Frontier adds daily flights from Denver to Spokane Rail freight has up week in spite of lower carload total Neptune Orient Lines has record year for profits

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Diamond is forever on naming day THE first cruiseship to be built by Mitsubishi Heavy Industries for more than a decade was delivered yesterday in Nagasaki. Princess Cruises' 116,000 gt, 2,670 passenger Diamond Princess is now the largest ship in the company's fleet. Brussels cries foul over safety fiasco BRUSSELS has handed a yellow card to almost every country in the European Union for a mass failure to meet the deadline set under the key ship reporting and monitoring directive. Møller group brings vessel orders from China past 50 mark DANISH group AP Møller-Maersk is strengthening its already close ties with China through yet another shipbuilding order. Hyundai and Transas in bridge link WORLD leading shipbuilder Hyundai Heavy Industries has made good on ambitions to mount a head-on assault on the integrated bridge market through a new co-operation agreement with the systems integrator Transas. Europe and US seal Galileo satellite navigation system BRUSSELS yesterday hailed the creation of a world standard for radio navigation after concluding negotiations with the US over Galileo, the European satellite navigation system, writes Justin Stares in Brussels .

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FEBRUARY 27, 2004
Superferry 14: 100 still missing LATEST news from the Superferry 14 tragedy in the Philippines is that about 100 were still missing as night fell, with 799 rescued Dow Chemical signs LNG deal DOW Chemical has signed a 20-year terminal use agreement with Freeport LNG Development, securing throughput at its Quintana Island facility in Texas Mississippi traffic moving VESSEL movement continues through the Mississippi river's Southwest Pass, with all remaining vessels expected to clear the queue today GulfMark seeks consistent demand WEAKNESS in its North Sea support-vessel trade led to disappointing 2003 results at GulfMark Offshore Pride to go out to tender THE repair and completion of NCL's Pride of America is to go out to tender, although it is still not clear whether it will be ordered by NCL or insurer Basler Securitas Philippines tackles French action THE Philippines Maritime Industry Authority is to file a strongly worded protest against French authorities' plans to board a Panamax bulker suspected of sinking a trawler Pakistan holds firm on wheat import East Med attracts Asian lines Greens unhappy with scuttling Farstad threatens to quit Norway Superferry 14: fire under control Tsakos posts solid performance Irish Ferries services to resume Costa Cruises considers Dubai Many missing after ferry blaze

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FEBRUARY 27, 2004
Search for missing in tanker explosion Odfjell chemical tanker was carrying 3.5 million gallons of ethanol when it sank off Virginia. Blocking the box at Port Newark As late ships force hours-long waits for drayers at the PNCT terminal, the FMC rejects port truckers' petition to force area marine terminals to change the way they calculate delay payments to truckers. Tampa port director resigns CMA CGM expands reefer capacity MOL debuts new service to Indian west coast CN union: No deal without discipline changes Forwarder wants $380K from Long Beach terminals Custom market a challenge for apparel logistics: FedEx survey USTR asks comments on proposed Thailand trade talks U.S., EU in marine equipment pact Cosco Pacific to triple port investment Canadian National in pact with U.S. workers

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FEBRUARY 27, 2004
CSXWT slashes rates in bid to secure HK customer A panicked CSX World Terminals, Hong Kong (CSXWTHK), which will lose its entire customer base by the end of the year, is offering massive rate reductions, said a local source. CN and US union announce deal CMA CGM-led consortium bid for Nhava Sheva terminal rejected Vietnam transhipment container port study gets go-ahead Indian government to set up assistance unit for shippers Two services target Asia-Eastern Med trade Service shuffle lets MOL/APL concentrate on Asia-India and Asia-ME separately HHLA has ISPS security plan approved in Hamburg Foreign exchange loss reduces RCL net profit Final CMA CGM mega banana-boat christened in Guadeloupe

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FEBRUARY 27, 2004
From IMO to VHS Bill O'Neil appointed as new president of Videotel. Vopak tanker sale completed John T Essberger formally takes over 14 chemical carriers. Fisher & Sons signs $32m leaseback deal First transaction for New York finance company First Ship Lease. Precious inks MISC bulker deal Expanding Thai owner has agreed to buy 15 handysize bulkers from Malaysian giant. Star Reefers profit from ship sales Norwegian owner stays in black with $6m gain. Jobs go at Fosen Mek Up to 150 construction workers laid off at Norwegian yard as orderbook runs dry. DOF looks to better year Norwegian offshore company expects stronger market. More than 100 investors eye Nigerian ports International and domestic owners vie for concessions after deadline for registering interest passes. Borgestad swamped by red ink Norwegian bulker owner posts big loss in 2003, but remains optimistic of upturn. Global Carriers in huge turnround Kuala Lumpur owner swings from big loss into profit. Stephenson Clarke ship in rescue drama Five airlifted from drifting ship off Norway before rescue. Eimskip doubles up Icelandic container line builds profit in 2003 as revenues increase. Tokai makes predicted loss Japanese ferry owner sees revised forecast borne out by red ink in 2003. FASAMEC cuts risk surcharge Far East/South Asia-Middle East Conference is halving its TARS on Middle East cargoes. GulfMark posts narrow gain US offshore player catches supply ship sickness as profits almost shrink away in 2003. Shipping stable at struggling TMM Vessels making money for Mexican owner, but higher finance costs kept it in red for 2003. Soaring costs hit Daewoo January result down 40% as steel and dollar rate bite.

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FEBRUARY 27, 2004
APL's CEO reports cargo rollovers, strong volumes Europe/Caribbean conference revises rate increase upwards Europe/Brazil carriers raise rates Norasia targets Asia/Mediterranean trade with one more link COSCO's listed subsidiary joins Singapore exchange index HUAL car-carrier makes first call at Jacksonville CORRECTION A.P. Moller-Maersk out of U.S./Brazil discussion agreement U.S. company locates aircraft conversion program in Asia U.S. chemical shipper pays $647,500 fine to illegal exports FMC denies Bi-State petition alleging NY-NJ truck detentions Xiamen terminal adds two quay cranes San Diego port picks security vendor

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FEBRUARY 27, 2004
Farstad threatens to flag out Farstad Shipping, one of Norway's biggest supply ship owners/operators, threatens to flag out the rest of the fleet unless ... Maritime crimes easier to get away with A study from the Swedish Maritime Administration shows that maritime related crimes are prosecuted, or abstained from being prosecuted, in ... Aboitiz Jebsen ferry caught fire off the Philippines Aboitiz Jebsen, a joint venture between Philippine Aboitiz and Norwegian Jebsen, has met with yet another major accident. The company ...