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| NOVEMBER 9, 2004 |
Shipping News
- Tanker grounding shuts Suez Canal
SHIPPING through Egypt's Suez Canal was halted for a second day after an oil tanker ran aground, clogging the waterway and delaying traffic, officials and government newspapers said.
- ASMI calls for steps to keep competitive advantages
A change of mindset is needed in Singapore's marine industry if it is to meet and beat the ever intensifying regional and global competition, said the head of the Association of Singapore Marine Industries .
- Port woes, coal shortage threaten steel mills
PORT congestion is deteriorating yet again around the world, which may force steel mills to review their production plans for next year and their future expansion projects, especially as coking coal is in shortage.
- Aussie port to continue coal shipping quotas
- Hyundai Heavy wins 631b won NYK order for 8 vessels
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| NOVEMBER 9, 2004 |
- HK faces challenges if it is to remain logistics hub, says DHL
- VPA's Captain Houston promotes int'l trade at a China trade event
- TAL International Group, Inc. acquires T MC
- KCRC wins rail freight operator of the year award
- MPA, NUS work together on maritime research initiative
- Trans Ocean Distribution opens new facility in Shanghai
- CSX reports US$123 million 3Q profit
- GAC Marine Logistics appoints three executives
- Cathay Pacific to fly daily to Beijing
- Boeing orders made by Hainan Airlines
- SriLankan Airlines adds 11 flights to India
- British Airways appoints competition specialist to board
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| NOVEMBER 9, 2004 |
- SCI, GE Shipping, Varun set to enter fray for Petronet LNG contract
- Shipping Secy urges IPBCC not to impose congestion levy at JNP & Mumbai Port
- US imposition of anti-dumping duty on shrimp may invite Asian retaliation
- Export of auto components to touch $ 20 bn in a decade
- $ 150 m Exim Bank loan for Sri Lanka
- African Bank seeks Indian investments
- Taiwan may haul India to WTO on dumping issue
- Japan keen on investing more in India
- Australia set to review anti-trust immunity for liner shipping
- Kolkata Dock System sets scorching pace of 25 pc growth in container handling
- Port workers hold demonstration
- Global port operators shift focus to EPL’s box terminal project
- Port of Zeebrugge, Belgium, sounds ChPT on possible tie-up in car export
- Railways finalises Rs 24,000-cr. modernisation plan
- Common regulator for transport sector on cards
- Forex reserves up by $ 980 million to $ 1,20,616 million
- India Inc profits up by 26.4 pc in H1
- Forex reserves climb to $ 121.2 bn
- World Bank lending to total $ 3 bn a year
- Abolish ‘sunset clause’ in I-T Act—EOUs
- CII pegs GDP growth at 6.5 pc in 2004-05
- P&I Club Board raises premium
- 3-day ‘Maharashtra Agri Food-2004’ on at WTC
- Air cargo business set to double in 2005
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| NOVEMBER 8, 2004 |
- Shell divests parts of Caribbean bunker business
Divestment campaign sees oil major sell off Caribbean fuels network, including marine business.
- Petrobras Bunkering employs two new managers
- Bearish cargo fails to dent Gibraltar gas oil
- Suez Canal could reopen Tuesday, severe vessel backlog
Shipping agency estimates around 150 vessels are blocked from transiting the Suez Canal as tanker grounding causes first closure since 1975.
- Rotterdam trade market slips from morning levels
- Singapore: Containership runs aground
The MPA issued a release today stating that anti-pollution craft have been deployed as a precautionary measure after a containership ran aground in Singapore port waters.
- Shipping lines pledge to use Singapore arbitration service
Several shipping lines have pledged to use the dispute resolution services of the Singapore Chamber of Maritime Arbitration (SCMA) at its launch today.
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| NOVEMBER 8, 2004 |
- ANZDL launches new website
- FMCSA: Chassis rule delayed until next year
- Salvesen and TDG: merger talks off
- New ro-mo Neumünster-Darmstadt under consideration
- Orient Thai planning low-cost Hong Kong service
- Arkas takes delivery of "Gabriel A"
- New head for Qatar Airways in Austria
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| NOVEMBER 8, 2004 |
- Suez Canal blocked
- Swedish Club raises premiums
- Arlington tankers starts trading
- Nordic American Tanker’s IPO
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| NOVEMBER 8, 2004 |
- Port of Vancouver, BC sending trade team to Asia
- Northwind Marine builds fireboat for Bainbridge Island
- Port of Portland schedules airport noise committee meet
- Insurance club plans 10 percent rate hike
- UPS adding flights to Shanghai, China
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| NOVEMBER 9, 2004 |
- Ship log-jam after Suez Canal tanker grounding
THE Suez Canal could remain closed at least until tomorrow following the transverse grounding of a Sovcomflot tanker on Saturday.
- LNG debut in US ship ordering bonanza
Leading US tanker operator Overseas Shipholding Group has confirmed its debut in liquefied natural gas shipping as part of the first tranche of potentially the largest ever ship ordering bonanza, write Sam Chambers and Tony Gray .
- Capesize rates heading for historic highs
CAPESIZE rates have crashed through the $100,000 a day barrier for the third time in a year, and look set to challenge historic highs.
- Torrijos hints at canal lock expansion as he praises Panama maritime sector
PANAMA’S president Martin Torrijos has placed his faith in the country’s maritime industry — driven by an expanded Panama Canal — in his bid to strengthen Panama’s position as a regional distribution, shipping and banking centre.
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| NOVEMBER 8, 2004 |
- Grounding closes Suez Canal
THE Suez Canal has closed for the first time since 1975 following the grounding of a Liberian-flagged, double-hulled tanker
- UK tax regime could hit Adsteam
TOWAGE operator Adsteam has warned that its earnings could be hit by changes to UK’s tonnage tax regime
- Hanjin Shipping makes record gains
SOUTH Korea’s Hanjin Shipping has announced “record-breaking” 2004 third quarter results
- Korea bans pork imports
SOUTH Korea's agriculture ministry has temporarily banned pork and related product imports from the Netherlands, Belgium and Germany
- Petronet to complete Dabhol LNG
THE Indian government has asked Petronet LNG to take over and complete Dabhol (Maharashtra) Power’s unfinished 5Mtpa LNG import terminal so it can be sold
- Crews balloted over strike action
IRISH seafarer unions SIPTU and the Seamens’ Union of Ireland have started balloting their members for industrial action in response to Irish Ferries' redundancy plan
- Scrapping of Sandrien begins
- Lauderdale terminal up for auction
- Independent OK for Stelmar sale
- Vessel hits offshore platform
- Captain of Winner is loser
- Gas closes Houston Channel
- Ferries suffer as Eurostar rises
- Container lessor sold
- Box rates boost Sea Containers
- Mumbai surcharge contested
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| NOVEMBER 8, 2004 |
- So. Cal. to speed up extended gates
Marine terminal operators in LA-Long Beach accelerate plans to shift some truck traffic to nights and weekends.
- FedEx raising rates
- DHL boots U.S. boss
- Grounding of tanker closes Suez Canal
- NOL volume up on higher capacity
Parent of APL said freight volumes rose 16 percent in the four weeks to Oct. 15.
- New leadership for NY-NJ Port Authority
- Tropical income rides out storms
- Norfolk Southern , CN add CPR to eastern U.S. initiative
- Port of Tacoma OKs waterway cleanup
- Yoshitani joins Secure Ports Coalition
- Sea Containers pumped by box boom
- Korean shipbuilders see more Japan orders
- Panama Canal sets vessel record
- STX jumps into shipping
- Hong Kong air freight stronger
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| NOVEMBER 8, 2004 |
- Maasvlakte 2 in opposition sights as Rottergate financial irregularities bite
Dutch opposition parties hope to prevent the Dutch Government from any binding commitment on the second Maasvlakte, until there is some clarity over the municipality’s exposure following the Rottergate revelations.
- Tanker blocks Suez, up to 90 ships delayed
An accident involving a tanker has blocked the Suez Canal since Saturday blocking traffic in both directions causing an unknown number of containerships significant delays.
- South Korea halts EU states’ pork imports
- Cocoa suffers as war returns to Cote D’Ivoire
- Darwin to get China direct service
- EWATA Carriers say October increases are holding
- NYK orders eight panamaxes from HHI
- Three freight railroards co-operate in eastern North America
- Dutch dockers cancel strike
- Canadian delegation on Asian mission
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| NOVEMBER 8, 2004 |
- Bulking up
Excel Maritime follows $200m shelf filing with second-hand buy.
- More gas in the tank
Artnzen says LNG outlay won't hurt OSG's ability to wheel and deal.
- Suez snarl tops 100
Growing vessel backlog may not see relief until Wednesday.
- Asbestos payout challenge
Courts to decide on compensation rights of UK shipyard workers’ and families.
- STX boards Pan Ocean
South Korean shipbuilder completes $375m takeover that gives its control of Pan Ocean.
- Sovcomflot suezmax shuts Suez
Waterway closed for first time in nearly 30 years as steering failure sends Tropic Brillance aground
- OSG confirms gas deal
New York owner will spend more than $900m on four newbuildings for Qatar project.
- Koreans confirm LNG deals
Hyundai and Samsung share $916m gas carrier deal while Daewoo waits its share of the booty.
- Bid to reopen Suez begins
Lightering vessels and Smit salvage master head for stricken Sovcomflot suezmax.
- Petronet seeks 3 LNG carriers
State owned Indian gas importer calls for bids to provide three vessels.
- Hyundai in NYK box bonanza
South Korean shipbuilder in $570m deal to build eight 4,900-teu containerships.
- Swedish Club goes for 10%
Protection and indemnity claims on Gothenburg based mutual are running at lower than forecast levels.
- Boxship grounds off Singapore
Containership on charter to Regional Container Lines left high and dry off Raffles Lighthouse.
- NATS plans share issue
Funds from the issue will be used initially to fund acquisition of suezmax Wilma Yangtze (built 1997).
- BBC China's HFO removed
Salvors have completed the removal of the heavy fuel oil from ship stricken off South Africa.
- MES maintains grip on profit
Unprofitable businesses and typhoons send Japanese shipbuilder’s interim results close to the red.
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| NOVEMBER 8, 2004 |
- Yang Ming raises annual profit forecast
- Leasing profits soar at GE SeaCo
- Equity firms acquire Transamerica Maritime Containers
- Fred. Olsen names new 40-knot ship
- FedEx announces 2005 rate increases
- Trade dispute over taxes won't go away
- ITC: Certain aluminum plate from South Africa does not injure Alcoa
- Containership runs aground near Singapore port
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| NOVEMBER 8, 2004 |
- Birka Paradise delivered
Birka Line has taken delivery of its cruise vessel "Birka Paradise" from the builder, Aker Finnyards in Raumo. The EUR ...
- Arlington Tanker share over-subscribed 14 times
The introduction of the Arlington Tankers share was a success, described by several analysts as one of the most successful ...
- Bad instructions and maintenance let to loss of two lives
The sinking of the schooner "Martha" in July 2004 with the loss of two lives was caused by insufficient maintenance ...
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