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| NOVEMBER 3, 2004 |
Shipping News
- PSA makes HK$600m offer for stake in HK port operator: report
DESPITE signs that Hong Kong may soon be overshadowed by Pearl River Delta ports, PSA International is said to have made a HK$600 million offer for a stake in Kwai Chung container terminal operator Asia Container Terminals .
- Pirate attacks on tankers foiled
THE crew of a liquefied petroleum gas tanker foiled an armed robber who tried to board the ship on Sunday at a port in Indonesia, the International Maritime Bureau said in its weekly report.
- APL's new direct service to Indian port from Nov 17
GROWING container cargo volumes on the India trade have led APL to initiate a new direct service to India's key western gateway of Nhava Sheva.
- P&O Ports and CMA-CGM in Le Havre deal
Strait Talk
- K Line green report a good effort, but could be better
IN recent weeks this column mentioned the need to project a better image of the shipping industry, the environmental issues facing the industry and also a number of social issues concerning crews.
Port Shots
- PORT SHOTS
A Panamanian container vessel ran into a Chinese cargo ship in bad weather on Sunday in the sealane of Tianjin Port, north China, causing dangerous chemical onboard to spill over, according to port sources.
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- China to establish free trade zone with ASEAN at summit
- DHL to focus on logistics for Agfa in China
- NYK credit rating raised by S&P
- Tianjin is China's 3rd busiest port
- FEFC to raise rates next year several times
- Exel signs China contract with Johnson & Johnson
- Gioia Tauro becomes 31st CSI port
- UPS Hong Kong sees strong Q3 export growth
- World Airways, Menlo to provide charter flight to Shanghai
- Korean Air posts strong freight growth in September
- SAS Cargo appoints N America sales manager
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- SCI Board gives nod for Rs 50-cr. investment in Sethusamudram project
- Transpacific lines plan steep increase in freight rates in 2005
- Ahoy! Lighthouses ahead to draw tourists
- Port & dock workers to hold nationwide demonstrations, serve strike notice
- Task Force toys with idea of freight equalisation, leaves it to CONCOR
- FEFC set for more rate hikes
- Container trailer operators servicing ICD-Tughlakabad go off roads
- Petronet Board gives go-ahead for Kochi LNG project
- Redrafted Bill gives SEZs wide powers to fix user charges
- Exclusive services export promotion body on anvil
- Delays caused by EDI system only teething trouble, says Customs
- Chemexcil holding mega event: buyer-seller meet on Nov. 3 & 4
- MbPT Officers’ Assn felicitates Baalu
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- Fast-ferry released by New York court
Canadian-owned fast-ferry released by authorities following impounding over unpaid bunker fees.
- Partners sign agreement for Engen/Sasol joint venture
New JV company set to become regional leader in refining, marketing and distribution of liquid fuels. It will also control Engen's Durban refinery, including bunker fuel output.
- US Defense prolongs Rotterdam bunker purchase program
The US Defense Energy Support Center (DESC) has extended a two-year old contract to lift major grades of marine fuels in Rotterdam.
- Mixed fortunes for Japan's September bunker sales
September sales up from previous month but down compared to the same period in 2003.
- Latest cargo fall in Fujairah wipes out Monday's gain
Suppliers by and large fully committed till next week as demand responds favourably to lower prices.
- Traders upbeat about Hong Kong bunker avails
Recent cargo arrivals have helped ease a supply squeeze as reports indicate further fuel oil cargo arrivals.
- Rotterdam prices down across the board as crude falls
- Europe - Asia fuel oil arb opening, activity still slow
While industry sources have said high freight rates may keep arbitrage activity to a minimum, others have said demand from the bunker market may prompt fixtures in the near future.
- US Presidential elections see oil traders sidelining
Following yesterday's plunge, crude oil futures were showing muted weakness in after hours session amid thin trade ahead of the US presidential elections.
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| NOVEMBER 2, 2004 |
- ATA enhances its web site
- Oman and USA hold meeting on free trade pact
- TNT Logistics in Italy expands co-operation with Beta Utensili
- boxXpress.de and HHPI augment private railway network
- SriLankan Airlines announces additional flights to India
- Chile’s CSAV phases in seventh vessel
- TNT Italy names new managing director
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- Nordic American buys additional suezmax
- Standard Club to raise premiums by 12.5%
- EC green light for Wendel to take control of BV
- TSA set to raise rates
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- Seillière firm takes BV helm
BUREAU Veritas is shortly to pass into the full control of one of France’s most controversial high-profile business leaders, who has recently clashed with the government on employment policy, writes David Osler.
- Reefer trades beat seasonal slump
HIGHLY seasonal refrigerated cargo shipping experienced unprecedented conditions during the summer with the usual slump in business failing to materialise.
- Shipping’s image at root of its scapegoat status: Mitropoulos
Efthimios Mitropoulos, secretary-general of the International Maritime Organization, has expressed concern over the shipping industry’s global “image problem”, writes Roger Hailey.
- South Korea set to win eight orders
South Korea’s three leading shipbuilders are on the brink of winning liquified natural gas carrier orders that could be worth more than $3.5bn, writes Tony Gray .
- Oshima trumpets ‘Japanamax’ bulk carrier
OSHIMA Shipbuilding, located in southern Japan, is heavily marketing its new Japanamax bulk carrier — an 82,000 dwt panamax that has already received 10 domestic orders.
- Historic ship link for Koreas
FOR the first time a ship registered in the Republic of Korea (South Korea) is being used officially for commercial trade with the Democratic Peoples Republic of Korea (North Korea).
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- CBP behind the Tampa boarding
US Coast Guard sources have told Fairplay that the US Customs and Border Protection service (CBP) was the agency responsible for the 27 September boarding of the Wilhelmsen Lines ro-ro vessel Tampa, which has drawn the ire of company chairman Wilhelm Wilhelmsen
- Top's 10 new ships pay off
TOP Tankers has had a busy third quarter, more than doubling its fleet and dramatically increasing profits in the process
- Haji-Ioannous launch Stelmar battle
THE proxy fight over the proposed sale of Stelmar to Fortress has officially begun
- Live shipment ro-ro link threatened
IRISH farmers will lose an important ro-ro shipping link to the Continent when P&O’s ferry service between Rosslare and Cherbourg ends on 19 December
- Caspian Sea negotiations stalemate
RUSSIA'S envoy is refusing to comment on the most recent stalemate in negotiations over the division of seabed resource rights between the Caspian littoral states
- Pemex boss replaced after scandal
MEXICAN oil giant Pemex has a new boss today after yesterday's resignation of embattled chief executive Raul Munoz
- India fears Chinese slowdown
- Pacific box rates to rise
- Nenaco appoints new president
- Chick to review ‘green’ terminal
- Varun eyes second-hand tankers
- Festival sinks Medov
- Woods outlines P&O shift to ports
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| NOVEMBER 2, 2004 |
- Oakland rail plan to lure importers
Three-way deal sets intermodal service to inland distribution center aimed at boosting port as first call for Asia lines.
- Europe: FedEx adding more trans-Atlantic flights
- CP Ships slates earnings report
- UPS unit offering Shanghai services
- Rotterdam braces for another strike
- APL to start direct Nhava Sheva service
- Maersk fleet reaches 1 million TEUs
- 4Q fears sink Expeditors stock
- Norasia, Hapag to call Colombo
- Surge in UK airport profits
- Target Logistics appoints Europe agents
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- Oakland rail service taps California agricultural cargo
A new rail shuttle service for containers is being planned between the Port of Oakland and the rich agricultural Central Valley of California.
- Coscon to launch an Asia/US East Coast service
- APL to connect Singapore and Nhava Sheva
- TSA lines raise rates
- Australian beef booms ahead of US market re-entry
- BPA to hold port sales activities in Japan
- Sydney volumes rocket but strike hits Auckland
- CSCL takes delivery of CSCL America
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| NOVEMBER 2, 2004 |
- Every vote counts...
But it's Stelios Haji-Ioannou who is trying to sway the outcome of this election.
- Bulk owner Excels despite slower 3Q
Volatile shipping stock may get new boost from improved hire rates in current quarter.
- Tanker market to weaken
Platou chief Erik Andersen predicts two year downturn.
- Spot boosts Top Tankers
Soaring charter earnings give newly listed Evangelos Pistiolis fleet a boost.
- Car trade boosts reefers
Hot freight market allows Star to benefit from transport of vehicles as well as bananas.
- Axel Eitzen strikes again
Acquisitive Norwegian owner takes over another two chemical carrier newbuildings.
- Thoresen get Lucky Moon
Tonnage hungry Thai bulker player has just taken delivery of the latest addition to its fleet.
- Chios fined $75,000
Greek owner penalized over Great Barrier Reef grounding of managed bulker Doric Chariot.
- Wilhelmsen rips US security
Owner says crew on car carrier Tampa mistreated in September homeland security boarding.
- NOL boss set for windfall
CEO David Lim is looking at a major payday after exercising large chunk of options in liner firm.
- HSS forced back to port
Rogue wave in Irish Sea damages hull of high-tech Stena ro-pax, forcing it to return to port.
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| NOVEMBER 2, 2004 |
- Carriers plan hike in U.S./Central America rates
- China Shipping's fleet still growing
- Congestion surcharge in Nhava Sheva
- APL adds second Singapore/Nhava Sheva link
- Shell Marine to supply lubricants to Military Sealift Command ships
- FedEx expands in Atlantic
- Menlo starts dedicated U.S./Shanghai freighter service
- CSX train derails in Washington, D.C.
- Transplace to manage transportation for Sunny Delight
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| NOVEMBER 2, 2004 |
- Norwegian flag for "Esvagt Connector"
Esvagt A/S in Esbjerg has changed flag on one of its ships to meet a demand from a Norwegian ...
- Sharp increase of Swedish petroleum exports
Loading of petroleum products for export increased in Swedish ports by 24 per cent to 3.7 million tons in the ...
- NAT acquires suezmax tanker
Nordic American Tanker Shipping (NAT) acquires the 149,591 DWT M.T. "Wilma Yangtze" from Anders Wilhelmsen for USD 66.0 million with ...
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