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Shipping News

Major disaster averted in S'pore Strait
THE investigation into Saturday night's collision between a fully laden car carrier and a oil tanker has begun with Singapore authorities taking statements from the ships' Masters and crew yesterday.
Smaller ports may not meet ISPS deadline
THE boarding of an Aframax tanker by pirates in the Indonesian port of Balongan last week has highlighted some of the key problems facing the region's shipping industry as the ISPS Code deadline looms near.

Air and Land Transport

French terminal's design comes under scrutiny
TERMINAL 2E at Roissy-Charles de Gaulle airport was built in a style and on a scale to match the airport's fast-expanding ambitions.
Qatar Airways carries 27% more passengers
AirAsia plans to have 24 aircraft by Oct
El Al posts first Q1 profit since 1990 as sales booms
Qantas' Jetstar takes off today
LOG Book

Features

Bottlenecks worsen
A BOOMING China, importing more and lacking the infrastructure to quickly move shipments after they arrive, continues to cause bottlenecks at ports, delaying ships up to 10 days.

web site

Shipping News

Major disaster averted in S'pore Strait
THE investigation into Saturday night's collision between a fully laden car carrier and a oil tanker has begun with Singapore authorities taking statements from the ships' Masters and crew yesterday.
Smaller ports may not meet ISPS deadline
THE boarding of an Aframax tanker by pirates in the Indonesian port of Balongan last week has highlighted some of the key problems facing the region's shipping industry as the ISPS Code deadline looms near.

Air and Land Transport

French terminal's design comes under scrutiny
TERMINAL 2E at Roissy-Charles de Gaulle airport was built in a style and on a scale to match the airport's fast-expanding ambitions.
Qatar Airways carries 27% more passengers
AirAsia plans to have 24 aircraft by Oct
El Al posts first Q1 profit since 1990 as sales booms
Qantas' Jetstar takes off today
LOG Book

Features

Bottlenecks worsen
A BOOMING China, importing more and lacking the infrastructure to quickly move shipments after they arrive, continues to cause bottlenecks at ports, delaying ships up to 10 days.

web site

Shipping News

Major disaster averted in S'pore Strait
THE investigation into Saturday night's collision between a fully laden car carrier and a oil tanker has begun with Singapore authorities taking statements from the ships' Masters and crew yesterday.
Smaller ports may not meet ISPS deadline
THE boarding of an Aframax tanker by pirates in the Indonesian port of Balongan last week has highlighted some of the key problems facing the region's shipping industry as the ISPS Code deadline looms near.

Air and Land Transport

French terminal's design comes under scrutiny
TERMINAL 2E at Roissy-Charles de Gaulle airport was built in a style and on a scale to match the airport's fast-expanding ambitions.
Qatar Airways carries 27% more passengers
AirAsia plans to have 24 aircraft by Oct
El Al posts first Q1 profit since 1990 as sales booms
Qantas' Jetstar takes off today
LOG Book

Features

Bottlenecks worsen
A BOOMING China, importing more and lacking the infrastructure to quickly move shipments after they arrive, continues to cause bottlenecks at ports, delaying ships up to 10 days.

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BALtrans acquires exhibition forwarding company Port of LA imports up 6 per cent last month Modern Terminals makes appointments Hapag-Lloyd Group concentrates on shipping Far East/India/UAE-West Africa forum to impose rate hike New online payment facility for MICT clients China Southern launches Nanchang-Singapore service Korean Air helps protect Mongolia's environment New cargo facilites to be built in central California

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NOL blasts off 2004 with record $ 163-million profit in Q1 APL, PSA develop web-based cargo management system P&O Nedlloyd obtaining higher transpacific rates New Evergreen service to link E. Asia with Australia PIL connects Far East with Australia direct PSA voted best box terminal operator in Asia Lykes Lines launches new Asia-N America service Tianjin sets new freight handling records Large vessels banned from part of NZ coast MOL to launch 3rd China-Australia loop Essar Shipping plans to set up all-weather port in Vadinar Mid-sea collision sinks 4,191 cars Shipping Secretary holds 3 rounds of talks with leaders of port federations K. Chandrashekar Rao is Shipping Minister in new Cabinet Drug multinational companies eyeing India as manufacturing hub Birgunj ICD to be operationalised by mid-July - India, Nepal sign pact for railway services Dynamic Logistics adds LCL import services for ex-im fraternity at ICD-Dighi Forex accretion slowed down Retreat on privatisation fails to deter foreign fund managers - India's long-term growth prospects continue to shine Asian voice clearly heard, says IMO Secy-General IMC welcomes monetary policy AIAI signs MoU with Nepal industry association to foster trade ties New online tax accounting system from June 1

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MAY 24, 2004
Eight VLCCs loaded with HSFO headed for Singapore in June High bunker prices to force TEU transit hike Sustained high bunker prices prompt shipowners to readjust cargo costs for main shipping routes. Montivideo suppliers suffer another setback Supply line problems halt fuel oil supplies headed for bunker market. Bunker salvage from sunken car carrier awaiting approval No leaks reported from fuel tanks containing 830 mt of bunker fuel. Eastern European tax headache rumbles on Fuel cost premium being charged as suppliers confide that introduction of excise tax exemptions could take months.

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MAY 24, 2004
The International Transport Journal's Air Freight Forum in Cologne ChemLogix to reduce freight costs Iraqi Customs Service introduces 5% reconstruction levy China awards an A licence to the M+R Spedag Group ICA's volumes leap by massive 35% AirRep clarifies IL-76 "confusion" Uljanik delivers seventh ship to Grimaldi Group Naples NOL appoints new director

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Intertanko slams "irresponsible" US officials Time running out for UK insurance brokers MOL in New South China Express Service Brussels bid to audit EU flag states Ex-CSX Jones Act carrier sold again

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MAY 24, 2004
Carlyle sells Horizon Lines Castle Harlan is buyer in $650 million deal Bulker double hull decision outrages labor ITF codemns U-turn at MSC 76 Crew boat built in 18 days Astoria yard delivers in tight time frame Convictions in people smuggling case Illegal immigrants concealed in container

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MAY 24, 2004
Washington State Ferries shifts to ultra-low sulfer fuel Union gives tentative nod to New York/New Jersey contract Navy gives Northrop Grumman billion dollar carrier contract GULF HORIZON returns for damage assessment Port of Tokyo comes onboard CBP's container security program

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Insurance bill for car carrier and VLCC collision could top $80m A HUGE insurance claim of up to $80m could be looming from a car carrier that sank with more than 4,000 vehicles onboard after colliding with a very large crude carrier in the Singapore Strait at the weekend. Massive costs of Tricolor salvage bode ill for Hyundai No. 105 JUDGing by the spiralling cost of clearing the wreck of the car carrier Tricolor, it was yesterday looking unlikely that the Hyundai No. 105 would be salvaged unless it is demanded by the Indonesian authorities, writes Janet Porter. De Palacio urges more oil output to stabilise price BRUSSELS has added its voice to the chorus of international concern over rocketing oil prices, calling for increased production to stabilise the market and coordination on strategic reserves at European Union level, writes Justin Stares in Brussels. Festival fallout hits MSC via European tele-Vision THE collapse of Festival Cruises has dragged competitor Mediterranean Shipping Cruises into its wake as the result of an attempt by a Festival creditor to take possession of televisions, furnishings and spare parts on board the cruiseship MSC Armonia.

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MAY 24, 2004
Monti issues Alstom ultimatum AILING French engineering group Alstom must forge a partnership with foreign companies if it is to survive, the European Commission warned today Controversial López Sors replaced THE new Spanish government has ousted Jose Luis López Sors from his post as director general of Spain's Merchant Marine Authority, La Marina Mercante Shareholders pull plug on Festival SHAREHOLDERS in Festival Cruises finally pulled the plug on the European cruise venture at an EGM of the Italian branch, Festival Crociere, this morning Time to decide on Norway LLOYD Werft, the German repairer, is rumoured to have brought to an end its offer of cheap berthing for the idle cruise liner Norway Korea 'giving away' logistics plots BUSAN city and the Regional Maritime Affairs Office is effectively giving away leases in Gamcheon port hinterland to foreign logistic companies Prince Rupert box deal imminent CANADA'S west coast could soon have a new container port at Prince Rupert's Fairview Terminal, dedicated to trade between the American Mid-west and Asia Kerch Strait border pact close Polluting Pantokratoras in dock Death toll mounts in Bangla sinking Crew safe as car carrier goes down

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MAY 24, 2004
Double your money: Horizon sold The Carlyle Group enters into agreement to sell U.S. carrier to private equity firm Castle Harlan for $650 million. Rates hit un-chartered territory Containership charter rates reach new highs as liners struggle to cope with deluge of cargo on key routes. 'Said to contain' OK for bills of lading More strong growth for China trade in 2004 New World Alliance plans Euro-Asia service NOL volumes rise in April Last Bayport lawsuit dismissed CSCL aims for top three ranking MISC profit up 75% FedEx Freight raises rates Unions to continue Brazil port protests India test for FedEx tech

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MAY 24, 2004
Li Kelin sets ambitious targets as CSCL roadshow gets underway China Shipping Container Lines (CSCL), which started its roadshow in Hong Kong today and will go public on June 16, aims to be in the top three container shipping lines by 2010. Russian rail forwarders fear TransContainer's monopoly monster The spin-off of Russian Railways' (RZhD) container arm TransContainer - as part of current reforms - has provoked claims of a transport 'monopoly' in Russia. New World Alliance and partners to launch new Asia-Europe service Suape unions hail 'provisional' court victory Koper to get Graz rail link Korea induces foreign logistics companies to Gamcheon MOL extends China network

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MAY 24, 2004
Trading places? US officials said to be switching ID's in a bid to trip up vessel security officers. Oil almighty Crude hits record high as Saudi assurances fall flat, shipping stocks edge up. Stelmar cracks $30 Acquisition target sees record high for share price as investors anticipate OMI's next move. Qatar takes eight LNG ships Maran Gas, Teekay and Japanese quartet scoop RasGas charter deals. TK shares step out strong Vancouver giant sees early gains after reports of big LNG deal, but stock may be moving with rest of tanker pack. Tanker buy lifts MISC Malaysia International Shipping Corp adds another LNG ship. Two Zim ships are sold Sale and leaseback deal raises $70m for Israeli line. Ocean Bulk fights for freighter Dubai charterer seeks release of Taiwanese-owned vessel held in Malaysia over debts. NNC on winning streak Egyptian bulker player continued to rake in cash in first quarter. Norden cuts profit forecast Falling dry cargo rates take the glitter off Danish bulk carrier owner's profit prospects. MOL-Sinotrans JV buys VLCCs Taiwanese seller makes cool $3m on quick tanker duo turnaround. Essar seeks Jamnagar funds Indian owner wants help building its new oil refinery and port in Gujarat state. Malaysia plans straits patrols At least three naval ships to be deployed in vital waterway "at all times" to combat piracy threat. Sunken car carrier has low value Norwegian Hull Club faces little threat from loss of third vehicle carrier in less than two years. Aboitiz lifts ferry profit Philippine owner's first quarter benefited from higher freight volumes and yields. Owners eye Vietnam newbuilds Vinashin says talks in progress with Clipper, Graig and Greeks for more export orders. CBO readies yard cash Brazilian offshore owner to spend $75m on building and modernising six ships at domestic yards. Car carrier sinks off Singapore Ship collides with VLCC despite communications between two ships and warnings from authorities. Insurers facing hefty pay out Local insurance brokers speculate on initial financial fallout of Hyundai No 105 casualty. Meiji on the slide Profits falling at tanker and bulker subsidiary of Japan's MOL. Wreck cash debated US authority mulls best use of tanker hull removal monies.

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MAY 24, 2004
New World Alliance, CMA CGM, Norasia add Asia/Europe capacity U.S. Customs clarifies "said to contain" prohibition Car carrier sinks in Singapore Strait Hutchison owner to buy shares in China Shipping Container Lines BP Shipping's new U.S.-flag tanker readies for sea trials MOL opens another Chinese office N.Y.-N.J. Maritime Association names Kelly as director Horizon Offshore tows fire-damaged barge back to U.S. Traffic delays expected at Canada border, airports Forestweb releases integrative software

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MAY 24, 2004
First quarter better than whole of 2003 for Torm Dampskibsselskabet Torm made a rare-level profit for the first quarter of 2004. The company reports a total profit of ... Camillo Eitzen to be listed in Oslo Gas carrier, dry cargo and chemical tanker owner/operator Camillo Eitzen - controlled by Axel Eitzen - is to be listed on ... Car carrier sinking will be expensive Early estimates of the insurance payout after the sinking of the 12,889 DWT car carrier "Hyundai No 105", on charter ...