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Shipping News

APL inks 20-year agreement with Shenzhen port
NEPTUNE Orient Lines' container shipping arm APL signed a long-term terminal agreement with the booming western Shenzhen port of Chiwan, it said yesterday.
S'pore flavour at Posidonia
GREECE's Prime Minister Costas Karamanlis officially opens the Singapore-International Maritime Centre Pavilion at Posidonia, the world's largest shipping exhibition.
Freight rates dip but August pick up seen
PANAMAX dry bulk rates have fallen another notch due to few grain shipments and brokers said yesterday rates were likely to slip further with few supporting factors on the horizon.
Japan shipping stocks rise
NIPPON Yusen KK paced gains for Japan's three largest shipping lines after Morgan Stanley raised its 12-month price estimates for their shares, saying increasing container revenue and bulk shipping will boost profits.
FREIGHT RATES
OIL TANKER rates for shipping crude from the Persian Gulf were little changed, remaining near four-month highs, before suppliers released details of July exports.
Floating showcase
THE USS Midway is silhouetted against the lights of downtown San Diego as tugboats pull the ship for docking at a pier in this Jan 5, 2004 file photo.

Air and Land Transport

Boeing plans to reclaim world No 1 spot in 2-3 yrs
THE Boeing Company, the second largest aircraft manufacturer in the world in terms of orders and sales, plans to reclaim its world No 1 spot in two to three years time, a senior executive at Boeing said yesterday.
Iata wants revamp of global air traffic rules
MAS looks to replace ageing Fokker 50 jets
Air France-KLM May traffic up 21.3%
China gives green light for 2 more private airlines
Airbus to boost production of A320s in 2005

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Shipping News

APL inks 20-year agreement with Shenzhen port
NEPTUNE Orient Lines' container shipping arm APL signed a long-term terminal agreement with the booming western Shenzhen port of Chiwan, it said yesterday.
S'pore flavour at Posidonia
GREECE's Prime Minister Costas Karamanlis officially opens the Singapore-International Maritime Centre Pavilion at Posidonia, the world's largest shipping exhibition.
Freight rates dip but August pick up seen
PANAMAX dry bulk rates have fallen another notch due to few grain shipments and brokers said yesterday rates were likely to slip further with few supporting factors on the horizon.
Japan shipping stocks rise
NIPPON Yusen KK paced gains for Japan's three largest shipping lines after Morgan Stanley raised its 12-month price estimates for their shares, saying increasing container revenue and bulk shipping will boost profits.
FREIGHT RATES
OIL TANKER rates for shipping crude from the Persian Gulf were little changed, remaining near four-month highs, before suppliers released details of July exports.
Floating showcase
THE USS Midway is silhouetted against the lights of downtown San Diego as tugboats pull the ship for docking at a pier in this Jan 5, 2004 file photo.

Air and Land Transport

Boeing plans to reclaim world No 1 spot in 2-3 yrs
THE Boeing Company, the second largest aircraft manufacturer in the world in terms of orders and sales, plans to reclaim its world No 1 spot in two to three years time, a senior executive at Boeing said yesterday.
Iata wants revamp of global air traffic rules
MAS looks to replace ageing Fokker 50 jets
Air France-KLM May traffic up 21.3%
China gives green light for 2 more private airlines
Airbus to boost production of A320s in 2005

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MOL to offer new Thailand-Indonesia service NYK Logistics (HK) looks to boost revenues by 60pc over 3 years Transport network to boost economic development in Pan-PRD Work ahead of schedule for U-Freight in Penang CargoSmart introduces web site for clients in China Famous Pacific Shipping appoints new Taiwan agent HACTL throughput continues to rise IATA calls for changes to face new challenges Phuket Air selects new cargo agent for new service Eva Air to launch fifth Japan link

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Govt rekindles shipping industry's hopes of tonnage tax in lieu of corporate levy Shipping Ministry may allow pvt. operator to develop 2 box terminals at a Major Port 3rd edition of Maritime Practice in India released Ship scrap prices sink by 25 pc - No vessel offered for demolition over a week India-Mercosur trade has great potential to grow, says Ficci-Exim Bank study Multimodal Transportation of Goods Act in for sea change - Amendments to be formalised soon XPS partnership with Emirates Post delivers the goods - 'Bharat Parcel Guaranteed' proves hugely successful Tyre makers present Budget wish-list FTA with Thailand set to take shape President Kalam lays down economic agenda India Inc. overjoyed RBI hikes limit of EEFC loans for exporters Steel billets dumping duty under review Foreign Trade Analysis: Current Policy & Procedures Weights & measures panel meet on July 9 CII's human resources team off to Singapore, Malaysia Fieo arranges meeting to discuss Sec. 80 HHC

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JUNE 8, 2004
Halifax supply problems abated US Gulf barge operators reinstate fuel surcharges The fuel surcharge will increase the overall cost of bunkering in the USGC as the cost is passed on to buyers. New York prices plummet, Philadelphia steady as demand thins African bunker prices mostly back to pre-crude peak levels African markets see healthy demand and avails are mostly reported to be fine. Piraeus tug strike hinders barge loading Some suppliers are still able to quote from own reserves, but strike must end soon to prevent widespread shortages. Crude climbs after Iraqi explosion, Nigerian strike threat Security fears rekindled and Nigerian oil unions back general strike. Hong Kong still moving steadily down Hong Kong was softer again today while a sharp fall in Taiwan's IFO prices yesterday brought it into line with regional trend. Another slow morning in Rotterdam

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JUNE 8, 2004
Toulouse-Blagnac airport freight website in English Memorandum of Understanding between AIAI and CNI BDP receives Class A forwarder's license in China Banks derail Eurotunnel freight plan Etihad Airways selects Unitpool P&O NL moving east Salvesen appoints headhunter for new CEO Second Basel International Hazardous Goods Conference Eurotunnel on-line services available in German EU supports renewal of Danube in Romania Tibbett & Britten moves into Turkey Adria Express connects Germany with the Balkans China Southern to fly to Amsterdam five times a week SCIPSI starts transhipment service Norfolk Southern names Wimbush to senior real estate position

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JUNE 8, 2004
APL wins Chiwan terminal rights K Line orders third 300,000 dwt ore carrier IAS completes 1000th depot connection Oakland renames terminal Panama Canal transits up 15%

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JUNE 8, 2004
NCL cruise ship reflagged Pride of Aloha now flies U.S. flag Wartsila power for Ultra Voyager Six 12V46 diesel engines

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Seaspan takes stake in China Shipping SEASPAN Container Lines is to take a huge stake in China Shipping Container Lines, which is raising $1.2bn through a public offering. Privately-owned Seaspan, part of the Vancouver-based Washington Group of Companies, will be the second biggest investor in China Shipping Greece applauds contribution of shipping to nation's wealth POSIDONIA 2004 was officially opened by the Greek Prime Minister Costas Karamanlis who spoke at length about the contribution of the shipping industry to the country's economy, writes Janet Porter in Piraeus. Baltic chairman warns UK on foreign owners tax clamp Any crackdown on the tax-friendly status of UK-based foreign shipowners would now result in a larger loss of government revenues than originally feared. Strintzis quits as Blue Star chief STOCK-listed greek ferry line Blue Star Maritime, until recently known as Strinzia Lines Shipping, has lost its chairman and chief executive, writes Nigel Lowry in Athens. MSC to sell stake in South African arm MEDITERRANEAN Shipping Company is reportedly going to sell a 25% stake in its South African subsidiary MSC (SA), under the country's black empowerment legislation, writes David Osler.

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JUNE 8, 2004
MSP contract dispute MORE than $30M in annual government payments is at stake in the dispute - which will now apparently be decided by a federal judge - between Maersk, US Ship Management (USSM) and the US Maritime Administration (MarAd). Galle development given go ahead GALLE Port Development Project in Sri Lanka is to be resurrected after 14 years of hibernation OMI: Stelmar failing shareholders OMI chairman Craig Stevenson said he was "extremely disappointed" by Stelmar Shipping's rejection of a merger proposal APL cements China ties via Chiwan APL, the container arm of Singapore-listed Neptune Orient Lines signed a 20-year agreement with Chiwan Container Terminal today Cape Africa: temporary repairs fail EFFORTS to secure a custom made, 65-tonne, steel cofferdam measuring 26m x 11m x 1.5m against the side of the damaged Cape Africa failed last week LR fleet hits new highs LLOYD'S Register's classed fleet has reached an all time high of 113.8Mgt, surpassing the previous record of 113.7Mgt achieved in 1979 NZ exports expect massive boost Port Everglades woos MSC Batangas expansion approval sought Seafarers jailed in divorce battle Bangladesh acts for port efficiency Busan facilities Code-compliant New ferry terminal at Nansha Le Havre project on track for 2005 LB/LA may extend hours Calais stevedore falls

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JUNE 8, 2004
FedEx unit gets USPS int'l. express U.S. Postal Service drops DHL, hands overseas Global Express Guaranteed delivery to FedEx Express. TSA screening Amtrak freight Transportation Security Administration pilot program screening Amtrak baggage, cargo for explosives in Washington, D.C. APL expands at Chiwan ICC urges gov't. protection for intellectual property ANL adds fifth USA loop Safmarine pauses U.S.-S. America trade U.S.-South Europe lines raise rates Morocco FTA delayed MOL (America) Inc. appoints two Hong Kong broadens ties with southern China India clears Kochi terminal work Kuehne & Nagel acquires Dutch forwarder

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JUNE 8, 2004
Maersk adds fifth string to its Asia/Europe bow The July introduction of Maersk Sealand's (MSL) fifth Asia/Europe String, the AE7, will also see a streamlining of other services on the trade, the line said today. Suape lobs counter-accusations at unions as war of words rages on The bitter dispute raging at Tecon Suape continued today when the terminal's CEO demanded a formal retraction of what he called 'lies and misrepresentations' made by unions to the media. Supreme court opens US roads to Mexican truckers CPR CEO assails transport infrastructure deficit Ports win as Aust rail money comes through MISC to charter slots on India Far East Express APL and Chiwan signed a 20-year agreement Two German owners order from Chinese yards Busan ready for ISPS code

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JUNE 8, 2004
Blue Star boss steps down Michalis Sakellis steps up to the board as Gerasimos Strintzis calls it a day. Lauritzen in tanker resale Danish owner firms up move back into product tankers with first purchase. FFA pay day for seafarer charity FIS boss John Banaszkiewicz is cool about surrendering the commissions but a bit hot and bothered about the hike. Cyprus Maritime capesize held Owner's 23-year old bulker detained twice in same month with corrosion and hull damage problems. Wartsila powers Ultra Voyager Finnish group to deliver six diesel engines for RCCL's cruiseship at Masa-Yards. K Line makes it VLOC hat trick Japanese owner orders third 300,000-dwt ore carrier on back of transport deal with Nippon Steel. LR at all-time high UK class society's fleet surpasses tonnage record set quarter of a century ago. APL in Chiwan box deal NOL liner arm signs 20-year deal with Chinese terminal as Pearl River Delta trade booms. SA targets Greek ferries Casualty surveyor launches Piraeus subsidiary at Posidonia to win domestic business. NYK to help shore up MMC Shipowner among a numerous firms underwriting share issue by struggling Mitsubishi Motors. Russia eyes Mexico as LNG buyer President Vladimir Putin promotes Sakhalin-II shipments to Mexican premier Vicente Fox. Nigeria braced for strike Oil exports at risk as general strike over petrol prices from midnight 8 June looms. Gladstone set for expansion Australian coal port set to lift annual export capacity by 35% with investment of AUD167.5m. SembCorp set for SGD1bn deal Singapore engineering group signs letter of intent with Brazil's Petrobras for FPSO conversion.

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JUNE 8, 2004
USSM plans to continue fight against Maersk Line Ltd. takeover Stelmar rejects OMI's takeover bid COSCO gets first 7,500-TEU ship NYK helps Mitsubishi Motors with share purchase MarAd approves vessel flag transfers CORRECTION: CargoSmart launches Web site for China customers Mulvey becomes STB commissioner UTi acquires South African healthcare firm, reports profits USDA sets quality, handling standards for imported peanuts USDA seeks performance feedback on Codex-related standards APL signs 20-year terminal agreement in Chiwan

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JUNE 8, 2004
Greek ordering spree continues During the period 1999-2006, the total number of Greek orders of large container carriers, tankers and bulk carriers could ... 20,000 expected at Posidonia 2004 Posidonia 2004 was inaugurated on Monday by the Greek Prime Minister Costas Karamanlis. The venue has attracted some 1,640 exhibitors ... Six companies compete to operate gas ferries Six Norwegian ferry companies will compete to operate gas-propelled ferries on named route in Western Norway. The six companies ...