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| NOVEMBER 4, 2004 |
Shipping News
- Sesdaq-bound Swissco sees good times ahead
MARINE logistics company Swissco International Ltd expects the offshore oil and gas exploration activity to enjoy strong growth for the next five years as the global thirst for energy continues to grow.
- China needs to open up crew labour market: top ship manager
IF China is determined to be a major seafarer supplier, it must quickly deregulate its crew market or shipowners and managers will look elsewhere for their crewing needs, according to a senior Hong Kong-based ship manager.
- Jurong Shipyard wins US$84m German deal
SEMBCORP Marine subsidiary Jurong Shipyard has clinched a US$84 million contract to build two 2,600-TEU container ships for German shipowner Reederei F Laeisz .
- Baltic Exchange not to axe S'pore assessments
- 36 sailors go missing in storm
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| NOVEMBER 4, 2004 |
- HK urges overseas investors to use city to enter China market
- China, Central Asian nations to increase transport links
- "K" Line delists from Frankfurt, Brussels exchanges
- APL to launch new direct service to India
- Guangxi foreign trade rises sharply
- EGL appoints new UK managing director
- Emirates to add four new routes in 2005
- HK civil aviation conference exhorts safety, security
- Lufthansa Cargo offers direct cargo capacity from UK to US
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| NOVEMBER 4, 2004 |
- APL to launch new direct service to NSICT
- Varun Shipping plans foray into crude transport
- Interest rate hike by China set to impact India’s exports
- N. Ireland scouting for partnerships
- Germany seeks tie-ups in SMEs sector
- Rites bags contracts for rolling stock supply to Myanmar
- Coir exports rise by Rs 37.60 cr. in April-Sept.
- Congestion in US ports worries Tirupur exporters
- Bulgaria looks to India for IT knowhow
- HC dismisses plea against location of cargo hub at Nagpur
- Permit only actual users to import scrap
- NCAER puts GDP growth during 10th Plan at 6.7 pc
- Centre, states agree on VAT introduction from April 2005, compensation package
- Kamal Nath calls for closer India-Japan cooperation
- Secretaries panel to study IOC plan for own shipping wing
- 12 more AEZs to come up soon
- Central Excise rules amended
- High-powered panel to review gold import norms soon
- Apex industrial body advises Gujarat shippers to use ports in region
- UK investors’ mission tests Indian waters
- Infrastructure panel Secretary appointed
- Baalu leaves to inspect Suez & Panama Canal operations
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| NOVEMBER 3, 2004 |
- Chilean market growth buoyant but slowing
Chile's leading bunker supplier, Copec Marine Fuels, reports 10% market growth for 2004 - down from 2003.
- Major supplier puzzled by media reports on Gabon
Media reports this week that Total Marine Fuels has expanded bunkering services in Gabon desribed as misrepresentative.
- Crude slides as inventory gain overshadows Bush win
Bullish effect of Bush win wiped out by jump in US crude inventory.
- DOE reports jump in US crude stocks
- Piraeus bunker market ends bearish run
- IFO380 supply resumed at Jeddah
- South Korean supply still tight, but improving
Suppliers expect product stocks to improve for larger quantities shortly, but moderate volumes can be arranged at short notice.
- Singapore: Titan expands team
- More fuel oil removed from the BBC China
- US Coastguard makes second intervention on oil spill law
US Coastguard intervenes for the second time since September on the controversial Massachusetts oil spill law.
- Shipping lines raise bunker adjustment factor again
Shipping lines raise bunker adjustment factor again citing ongoing high bunker prices.
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| NOVEMBER 3, 2004 |
- Tailwind launches new software versions
- India’s plan panel prefers toll-based BOT model for highways
- Geodis with good results in Q3 2004 results
- Federtrasporti calls for greater use of intermodal transport
- Air Lingus Cargo to close freight office in Germany
- DFDS with new Zeebrugge-Immingham service
- Chris Heiz passes away
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| NOVEMBER 3, 2004 |
- Knightsbridge Tankers’ profit up
- APL’s new Singapore-Subcontinent service
- Camillo Eitzen in new resale deal
- Titan charters Frontline VLCCs
- More attempted piracy attacks last week
- New North Sea ro-ro service
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| NOVEMBER 3, 2004 |
- IMO Legal Committee moves on SUA treaties
- Jurong gets containership order
- Frontline charters out single-hull VLCC's
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| NOVEMBER 3, 2004 |
- WSF taps MacDonald as new acting director
- CSI up and running at Port of Gioia Tauro, Italy
- TIACA calling for scholarship applications
- Stein Kruse taking helm at Holland America Line
- APL ready to begin service to Nhava Sheva
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| NOVEMBER 4, 2004 |
- Shipping has high hopes as Bush wins new term and more power
AS US presidential challenger John Kerry admitted defeat yesterday, the question on the lips of both allies and antagonists, at home and abroad, was just what kind of a president George W Bush will prove to be in his second term.
- Brussels seeks industry’s views on conference system replacement
THE European Commission wants to know if the conference system should be replaced by some other form of co-operation between liner shipping companies.
- Australian shippers give backing to Part X
THE Australian Peak Shippers Association has warned the Productivity Commission that opposing Part X of the Trade Practices Act "risks abandoning a system that works, for the unknown", Lloyd’s List DCN in Australia reports.
- GMS volunteers £68m after sale offer is rejected
GLOBAL Marine Systems is set to emerge from administration, after a creditors’ meeting yesterday backed in principle a voluntary agreement that will see it take a hit for £68m.
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| NOVEMBER 3, 2004 |
- Star Cruises confirms talks
TRADING of Star Cruises stock was temporarily suspended on news that the Asian cruise giant is in talks with a potential partner
- Bunker price rise hits Aboitiz
PHILIPPINE domestic shipping operator Aboitiz Transport System Corp has reported a significant drop in net profit for the first nine months
- Caucedo settles in
THE newest arrival on the Caribbean transhipment scene, Caucedo in the Dominican Republic, is now firmly entrenched as a regional hub
- Mersey Docks flying high
THE share price of Mersey Docks & Harbour Co hit a record high of 820p yesterday, up 11p on the day due in part to Peel Holdings increasing its stake
- Filipino owners hoping for change
PHILIPPINE Department of Transportation secretary Leandro Mendoza has favourably endorsed the request of Filipino shipowners for a change in government contracts
- Indian shipping profits soar
INDIAN shipping companies have recorded unusually high net profits during the 3Q04 due to enhanced tonnage, buoyant freight markets and lower taxes post-tonnage tax
- Bridgetown's multipurpose approach
- Caribbean needs more hub ports
- Iran signs $70Bn LNG deal with China
- Frederiksen linked to HMM purchase
- Cairns court imposes Chariot fines
- Stelmar fires back at Haji-Ioannous
- French strike called for 9 November
- Russia to make oil route decision
- Tampa boarding was 'routine'
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| NOVEMBER 3, 2004 |
- LA-Long Beach works off box backlog
Congestion continued to ease this week on fewer vessels, more longshore gangs.
- UPS increases LatAm air capacity
Express provider increasing lift in Honduras, Nicaragua, El Salvador and Costa Rica on higher demand.
- PSA seeking Hong Kong box stake
- Lydall, Port of Virginia in partnership
- Atlantic Container Service to support Va. chassis pool
- Maersk Sealand, Safmarine drop MSC
- Hurricanes hit Florida East Coast profit
- Transcronos joins GTN portal
- Pols get visit from Canadian rail industry
- In surprise, USF CEO resigns
- Costs hinder Trinity income
- Port of Oakland rail "shuttle" to lure importers
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| NOVEMBER 3, 2004 |
- Unions build case against Ports Package 2
European dockers' unions are building momentum to fight the draft Ports Package 2, as tabled by outgoing European transport commissioner Loyola De Palacio.
- Wal-Mart’s expansion benefits China's intermodal transport
Wal-Mart has said it will open 15 new stores in China by the end of next year, after celebrating the grand opening of its 40th store in Wuhan this week.
- Smaller ships prompt further HRCI increases as larger vessel supply dries up
- EC asks for more guidance on anti-trust abolition
- AP Moller lines cut partners MSC loose in Safari service
- Korean Government to further promote Busan and Gwangyang
- Med-Canada rate increases
- Cumulative throughput at Gwangyang up 12%
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| NOVEMBER 3, 2004 |
- DNV on LNG: 'Chill out'
Energy major BP has pulled Det Norske Veritas into the US debate over exploding LNG ships.
- Shipowner shopping for Hapag?
A new investor wants to buy 31% of Germany's TUI. And it isn't another tourist company.
- Tanker oversupply looms
US analyst Smith Barney cuts scrap estimates for 2005.
- Think big, says Tsao
Intercargo's chairman wants shipowners to build social capital.
- Top talks on tanker buy
Top Tankers is paying $256.5m for five 1990s-built suezmaxes.
- Novorossiysk shuts down
Rough weather has Russia's biggest oil port corked up tight.
- Swire sued in Texas tragedy
Survivors claim a defective crane bridge plunged into the hold of an open-hatch bulker, killing its operator.
- Salvors removing BBC China fuel
Smit claims to have recovered just over half of the fuel from cargo ship aground off South Africa.
- Top Tankers tops up
Evangelos Pistiolis wants to tap equity investors for five suezmaxes.
- Fredriksen builds HMM stake
Right hand man Tor Olav Troim says tanker titan controls at least 6% of South Korean shipowner.
- Bush bounce for ship shares
US presidential politics made at least a temporary difference for the listed shipping industry today.
- Knightsbridge profits up six-fold
Five-strong Frontline-managed VLCC fleet cashes in as Worldscale stays above 100 all quarter.
- Investors swarm Imarex IPO
The planned listing of Oslo's Imarex futures clearinghouse is 10 times oversubscribed.
- Halim Mazmin selling boxships
Malaysian owner says it is looking to realise “premium value” in sale of two ships to MSC.
- Carnival downed under
Red faces after cruiseship engine breakdown hits Aussie campaign.
- APL to go direct to India
New Singapore-Nhava Sheva direct service supports growing markets in India’s west and north.
- Laeisz inks Jurong boxships
German owner secures 2006 deliveries for 2,600-teu containership newbuildings at a cost of $42m each.
- Every vote counts...
But it's Stelios Haji-Ioannou who is trying to sway the outcome of this election.
- Titan takes Frontline VLCCs
China-backed shipowner and oil trader chartering single-hulled Front Lady and Front Highness.
- Losses deteriorate at Mitsubishi
Shipbuilding division posts an interim operating loss as Japanese group falls into the red.
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| NOVEMBER 3, 2004 |
- EC requests comments on antitrust reform, market data
- CP Ships to face analysts again
- Maersk fleet nears 1 million TEUs
- Mediterranean Canadian conference issues rate increases
- Coast Guard proposes procedures to review classification societies
- Safmarine, Maersk to split from MSC in Asia/Africa trade
- Transcronos of Brazil joins GTN ocean portal
- Schneider National names Matheys as chief marketing officer
- FMC reviews 9 OTI license applications
- Expeditors raises revenue, warns of "challenging" 4th quarter
- EGL Eagle Global Logistics names Newport U.K. managing director
- Jacksonville port tonnage up 5%
- Report: PSA buying into Hong Kong port business
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| NOVEMBER 3, 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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