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Shipping News

ISPS: just over 50% make it
THE most significant post-world war global security measures for the shipping industry fall into place today, leaving the industry on tenterhooks as to what impact the thousands of non-compliant ships and ports will have on the global movement of sea cargo.
Shanghai port tests security readiness
CHINESE port authorities staged joint land, air and sea anti-terror exercises in preparation for beefed up security measures at many ports worldwide, including Shanghai.
Philippines navy stops pirates disguised as customs officials
ARMED pirates disguised as customs officials were prevented by the Philippines Navy from attacking a ship in the Sulu Sea on Wednesday last week, the International Maritime Bureau said in its weekly report.
Acid tanker sinks in Hamburg port
A tanker carrying 960 tonnes of sulphuric acid capsized after a collision with a container ship in the German port of Hamburg, injuring 11 people and causing a pollution scare.
Daewoo's profit surges 58% in May
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, reported a 58 per cent increase in profit in May as it booked more earnings on liquified natural gas and other pricier vessels.

Air and Land Transport

United's loan rejection may spark off airline cost cuts
UNITED Airlines' failure to win federal backing for a US$2 billion loan may make it easier for competitors like Delta Air Lines and US Airways Group to wrest wage and benefit cuts from workers.
New freight service gives jet-setting fashion a boost
India's Wadia plans low-cost airline
Thai Airways fills more seats in May
Aeroflot to spend US$600m on new planes: report

Newbuilds

Newbuild resales on the rise as owners cash in
ONCE again the number of actual orders is small though rumours of impending big contracts abound.

web site

Shipping News

ISPS: just over 50% make it
THE most significant post-world war global security measures for the shipping industry fall into place today, leaving the industry on tenterhooks as to what impact the thousands of non-compliant ships and ports will have on the global movement of sea cargo.
Shanghai port tests security readiness
CHINESE port authorities staged joint land, air and sea anti-terror exercises in preparation for beefed up security measures at many ports worldwide, including Shanghai.
Philippines navy stops pirates disguised as customs officials
ARMED pirates disguised as customs officials were prevented by the Philippines Navy from attacking a ship in the Sulu Sea on Wednesday last week, the International Maritime Bureau said in its weekly report.
Acid tanker sinks in Hamburg port
A tanker carrying 960 tonnes of sulphuric acid capsized after a collision with a container ship in the German port of Hamburg, injuring 11 people and causing a pollution scare.
Daewoo's profit surges 58% in May
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, reported a 58 per cent increase in profit in May as it booked more earnings on liquified natural gas and other pricier vessels.

Air and Land Transport

United's loan rejection may spark off airline cost cuts
UNITED Airlines' failure to win federal backing for a US$2 billion loan may make it easier for competitors like Delta Air Lines and US Airways Group to wrest wage and benefit cuts from workers.
New freight service gives jet-setting fashion a boost
India's Wadia plans low-cost airline
Thai Airways fills more seats in May
Aeroflot to spend US$600m on new planes: report

Newbuilds

Newbuild resales on the rise as owners cash in
ONCE again the number of actual orders is small though rumours of impending big contracts abound.

web site

Shipping News

ISPS: just over 50% make it
THE most significant post-world war global security measures for the shipping industry fall into place today, leaving the industry on tenterhooks as to what impact the thousands of non-compliant ships and ports will have on the global movement of sea cargo.
Shanghai port tests security readiness
CHINESE port authorities staged joint land, air and sea anti-terror exercises in preparation for beefed up security measures at many ports worldwide, including Shanghai.
Philippines navy stops pirates disguised as customs officials
ARMED pirates disguised as customs officials were prevented by the Philippines Navy from attacking a ship in the Sulu Sea on Wednesday last week, the International Maritime Bureau said in its weekly report.
Acid tanker sinks in Hamburg port
A tanker carrying 960 tonnes of sulphuric acid capsized after a collision with a container ship in the German port of Hamburg, injuring 11 people and causing a pollution scare.
Daewoo's profit surges 58% in May
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, reported a 58 per cent increase in profit in May as it booked more earnings on liquified natural gas and other pricier vessels.

Air and Land Transport

United's loan rejection may spark off airline cost cuts
UNITED Airlines' failure to win federal backing for a US$2 billion loan may make it easier for competitors like Delta Air Lines and US Airways Group to wrest wage and benefit cuts from workers.
New freight service gives jet-setting fashion a boost
India's Wadia plans low-cost airline
Thai Airways fills more seats in May
Aeroflot to spend US$600m on new planes: report

Newbuilds

Newbuild resales on the rise as owners cash in
ONCE again the number of actual orders is small though rumours of impending big contracts abound.

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Evergreen Group now ISPS compliant HFS to pay US$3.5m fine for dumping waste oil Edmonds re-appointed as Chairman at Port of Houston

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Allowing entry to non-compliant ships left to ports Govt may float SPV for smooth sailing of Sethusamudram project m.v. Dubai Energy-bulk carrier on maiden voyage to Vizag Port Exim Bank pays Rs 47 cr. dividend to government Exports of ginger & spice and everything's nice! Foreign buyers say Sugandh is pasandh MICT's CFS being expanded, upgraded HPCL begins bringing crude in VLCCs to Kakinada port US ports to bar over 33 pc of foreign-flagged vessels CONCOR strives to ease pendency situation at JN Port Rlys meet April-May freight target Continuation of sops vital to maintain textile sector's competitiveness, asserts Minister Solvent extractors' recipe to resolve refined rice bran oil shortage Global outlook vital for growth of SSI sector, says CII Ficci survey sees India improving position as FDI destination US Ambassador admits it too

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JUNE 30, 2004
Oil prices rebound after US crude draw, Saudi comments Recent sharp fall in oil prices could lead OPEC to reverse a planned production increase in August. SEAaT welcomes EU sulphur decision Cross-industry group says that provisions for more abatement technology testing is good news for shipping industry and environment. US oil inventories at a glance South African avails squeezed 'until mid-July' No quotes for HFO before 12 July in Durban and Richards Bay prompts welcome upsurge in demand in Mauritius. Moderate movements in well-supplied Piraeus Rotterdam little changed at noon Low demand preserves South Korean avails Malaysia: Early 2005 start for new bunker port Development company targets growing eastern Malaysia market for new bunker project. Singapore: May volumes down, overall growth still strong Figures released by the MPA show continued growth for bunker sales in the world's busiest bunker port.

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JUNE 30, 2004
Use common sense on ISPS compliance, pleads ICS Malacca Strait security patrol deal Galileo set for operation in 2008 Adsteam sells "non-core" tug barging and stevedoring businesses Hutchison's ports meet ISPS

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JUNE 30, 2004
OMI ends Stelmar "stand still" agreement with Stelios ...and Stelmar Board authorizes a "review of strategic alternatives" after Loeb calls for an auction of the company The magic pipe and the golden whistle Hoegh Fleet Services A/S gets a $3.5 million fine...and a whistle blower collects $300,000

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JUNE 30, 2004
Washington ports security plans gain Coast Guard approval Ingersoll-Rand reports big order for reefer boxes Annual International Festival set for Vancouver, Washington park Hoegh Fleet Services hit with pollution fine Washington firm helps sell anchor handling tug THESEUS

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ISPS Day finds ships and ports only half way there WITH the entry into force today of the International Ship and Port Facility Security Code, compliance by ships and ports has edged over the 50% mark. Charterers sanguine about code implications CHARTERERS appear to be relatively relaxed about the recent voyage patterns of ships up for hire, despite the implications of new global anti-terrorist rules, writes Janet Porter. USCG sticks to sensitive and sensible approach as new security era begins THE message from the US Coast Guard in the run-up to deadline day for the International Ship and Port Facility Security Code was much the same as it has been since this US-inspired initiative was hammered into shape at the International Maritime Organization in the months after September 11. UK admits some terminals miss deadline A NUMBER of UK ports will miss the deadline for meeting new global security requirements that came into effect at midnight.

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JUNE 30, 2004
USCG start inspecting early THE US Coast Guard began boarding and inspecting some foreign-flag vessels today - one day in advance of the ISPS deadline P&O withdraws from Scottish tender P&O has decided not to proceed with a bid for the Scottish Northern Islands Ferry tender to provide services from Aberdeen to the Orkney and Shetland Islands Belgian tonnage tax goes ahead THE European Commission has given its final approval for a new Belgian tonnage tax scheme which, ship owners claim, will double the size of the flag by the end of this year Ferry operators fined €1.5M SIX ferry owners have been fined a total of €1.5M ($1.8M) for price-fixing in the ferry passenger market between the Algeciras and Tangiers US trucker strike effects felt THE wildcat strike this week by independent truckers has not caused any US ports to completely shut down, but some ports are feeling the effects Turkish tanker ban 'a violation' RUSSIA'S transport ministry has warned Turkey that its ban on tanker traffic moving through the Bosporus Strait is a violation of the Montreux Treaty Grimaldi, Eukor agree on Wallhamn Cochin box operations disrupted Hanjin Transport enters bulk sector Hoegh hit by massive pollution fine Spanish union softens on Izar Nightmare scenarios on the agenda French fine polluters Ghost ship hearing delayed Seafarers under suspicion Nhava Sheva restricted service

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JUNE 30, 2004
Most port truckers go back to work Independent truckers back on the job at most East Coast ports; Miami container handling shut down by ongoing protest. So. Calif. ports could face strike by office workers Truckers strike shuts Port of Miami box handling Boxes piling up on West Coast Truckers want day-use fee delayed Coast Guard says eight U.S.-bound ships a security risk Freeport re-opens under police guard Nations agree on joint Malacca patrols FedEx adds central Japan service Panama Canal back-up eases Norfolk Southern, CP Rail in northeast service pact

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JUNE 30, 2004
MSC agrees return to Genoa Mediterranean Shipping Company (MSC) has agreed to return to Genoa in a big way by 2006. China statistics boost carriers' northbound hopes Statistics released yesterday by the Australian Government will encourage carriers providing five new services on the China-Australia route to believe the trade can be something more than fundamentally one-way. High charter rates create two tier market Kandla bidders reduced to three IMO happy with ISPS certification Gold Star to offer China/Korea/Thailand/Vietnam service China Merchants seals three-year loan deal Auckland volumes slip

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JUNE 30, 2004
OMI ends deal with Haji-Ioannous Tanker owner terminates standstill and support deal with Stelmar founder and siblings. SSA ends Iraq tenure US port operator completes Umm Qasr management contract as coalition hands over control. Discovery offers own Expedition Herrod-led cruise line targets clients of foreclosed competitor. Tide turning? More signs that shipping stocks may have overheated. Royal Olympic kicked off Nasdaq Exchange waves goodby to troubled cruise line, after filing violations. Murmansk accused over cruises Audit body says Russian owner should not be chartering nuclear ice-breakers to tourist companies. Essar was highest bidder Delays and government imposed capital controls cost Indian shipowner Pertamina VLCCs. Paris MOU stalks partners Port state control body calls industry players to autumn meeting. Anglo-Eastern grows Belgium ops As European Commission gives final approval for aids expected to double register's tonnage. Hyundai Heavy ups order tally Five-month total more than doubles as shipping and offshore work floods in. Norden banks products profit Danish owner makes $11.5m from sale of 2000-built tanker to German KG. Gemadept starts Cambodia line Vietnamese agent to open box link between Ho Chi Minh City and Phnom Penh. SCI ends with a bang Indian owner justifies scrapping of privatisation with big fourth quarter profit to boost annual result. Whistleblower crew gets payout As Leif Hoegh given summons to stump up for $3.5m fine for illegal waste dumping. Tankerska pockets subsidy cash Croatian owner receives state help for domestic suezmax order. Baltic flags up new index Supramax index to replace its handymax cousin on 3 January. Aspen moves into marine New insurance venture recruits well known marine underwriters for expansion. Argentina in China repair pact Argentine yards aiming for slice of lucrative Chinese shiprepair business. RCL names regional boss US cruise line appoints high-flyer as new managing director for Europe, Middle East and Africa region. Malacca set for joint patrols Strategic waterway's littoral states have agreed to work together to combat piracy. Precious continues buyback Thai shipowner acquires another 700,000 of its own shares as it proceeds with repurchase plan. Steady start for Japan Shipbuilders see slower start to new financial year with orders at half the level they were twelve months ago.

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JUNE 30, 2004
Shipowners plead for "rationality" on eve of ISPS code deadline IMO expresses "regret" as ships, ports fail to meet ISPS deadline Asia/Europe carriers cut bunker surcharges Trinity joins Central America Discussion Agreement NYK lowers yen appreciation surcharge on intra-Asia shipments Truckers' work action fades Yellow lines up labor for overnight service CNF names Kennedy acting CEO FMC reviews 14 OTI applications, revokes five licenses CITA will enforce visa rules on imported apparel through 2004 Extent of cigarette smuggling in U.S. unknown, but expected growing Fish and Wildlife proposes beluga import ban exemptions Aquaculture farmers feel foreign competition WTO publishes dispute settlement guide Houston awards contracts for Bayport terminal Port of Jacksonville budgets 41% jump in security costs

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JUNE 30, 2004
ISPS deadline approaches Despite the approaching deadline for ISPS code implementation tomorrow both ports and ships have a long way to go. Only ... Two to Bornholm - one started with two passengers! Bornholm Line AB has not yet been able to open its new service between Simrishamn and Allinge on Bornholm. Instead ... "Prestige" master's appeal rejected A Spanish court has rejected an appeal from Greece to allow the master of "Prestige", Apostolos Mangouras, to return home ...