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| DECEMBER 9, 2004 |
Shipping News
- CSX stakes: Dubai Ports Int'l throws down the gauntlet
BIDDING for the global terminal assets of CSX Corp could top US$1.4 billion after the Dubai Ports International emerged as a surprise contender, substantially upping the stakes at the eleventh hour.
- Panama Canal to raise toll on box ships
PANAMA plans to change the way it charges container ships using its canal in an effort to increase revenues.
- Persian Gulf tanker rates may rise this week
THE cost of shipping crude oil from the Persian Gulf to Asia may rise by the end of the week as oil companies start to book ships to load oil in January.
- Cruise firm admits sewage dumping in Alaska
- Delaware oil spill blamed on discarded pipe
- Dubai's 11-month volumes up 24%
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| DECEMBER 9, 2004 |
- Dubai makes surprise grab for CSX's Hong Kong assets
- Biggest logistics centre in HK under construction
- IADA to introduce rate increases next year
- China to build 18 container stations
- GPA hits new highs
- RCL charters new Rickmers vessel
- MOL Logistics awarded new Wilson Sporting Goods contract
- SITA, Cargolux to provide IT solutions for air cargo industry
- JAL to sell headquarter building in Tokyo
- EGSAC founder member moves office
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| DECEMBER 9, 2004 |
- MOL, APL to jointly launch new South American service
- Canada Maritime wins first CIFFA Western Region award
- ECL starts direct service to Egypt via Koper port
- Kalmar’s new Shanghai plant gets off ground
- MOL honoured for investor relations
- ...to order 10 more large car carriers
- MISC H1 profit surges by 63 pc
- P&O Nedlloyd to introduce security charge
- Tonnage tax regime becomes more attractive
- Denied the option, bargeowners unhappy
- Wreck removal rules to be less harsh on insurance firms
- ‘Indo-Israeli trade can total $ 5 bn in 3 years’
- Exim Bank offers $ 10 m LoC to Morocco
- India, S. Africa may sign PTA soon
- Gems, jewellery lead in industrial goods exports
- No move to privatise Major Ports: Baalu
- Rlys plan to cut charges on low-freight sectors
- ... raises 2004-05 freight target by 20 m tonnes
- Govt has designs for export boost—Kamal Nath
- Morocco PM spells out advantages for Indian investors
- Treat profit on DEPB licences sale as export income, exporters urge PM
- Removal of textile quotas will have no major impact, asserts WTO chief
- 20-yr tax holiday for SEZs coming
- China commodities fair today
- Indian Ports & Shipping 2004: Begins Today
- Sir John Parker to take helm at P&O
- Exempt exports from VAT, CAPEXIL chief urges govt
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| DECEMBER 8, 2004 |
- Supplier withdrawals trigger tight ex-wharf market
Withdrawals from the Singapore ex-wharf IFO380 bunker market prompt tight avails and firm premium over paper market.
- Stock in Castrol leaps on buyback rumours
- Crude rebounds on fresh fears of US heating oil shortage
Market focus on heating oil stocks overshadow overall bearish oil inventory report from the US Department of Energy.
- DOE/API at a glance
- Total Lubmarine extends global lubricants network
Total Lubmarine welcomes tenth partner to its global supply network.
- Latest ARA double-hull ready for launch
FTS-Hofftrans and All Round Fuel Trading Chemoil BV to launch 4,200 mt bunker barge Thursday.
- BP Marine to re-launch bunker operations in Cyprus
BP Marine has announced that it will re-enter the Cyprus bunker market in the New Year, offering marine fuels in the ports of Limassol and Larnaca after an absence of almost two years.
- ARA barge offers holding firm versus bids
- Greenpeace calls for single-hull database
Environmental group Greenpeace is calling on European regulators to create a database of all single hulled vessels linked to the EU which will fall within the phase-out regulations for single-hulled tankers.
- Little or no fuel oil avails for next two weeks in Shanghai
- Faulty bunkering practices sparked fatal Hong Kong fire
An investigation into a fatal fire which occured during bunkering operations in Hong Kong this summer has revealed that the fire was caused by faulty bunkering practices.
- Global bunker prices firm further as oil weakens
As Rotterdam bunker prices firm 15% in two days and rise in other major ports, crude oil levels in London and New York slip further.
- Russian fuel oil exports drop by over 10%
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| DECEMBER 8, 2004 |
- IDS: proof of delivery now available all over Europe
- Trans-Texas Corridor
- DFDS Transport (UK) Limited acquires RMG International Limited
- SNCF selling its general cargo subsidiary Sernam
- Menzies Aviation opens fourth African station in Cotonou
- Dubai to snatch CSX World Terminals for USD 1.4 billion?
- Marcucci joins Contship Italia board
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| DECEMBER 8, 2004 |
- Panama Canal to charge US$42 per TEU
- War of words over Irish Ferries strike
- UK Club warns on stowaways in rudder housings
- New UK group formed to fight port congestion
- New directors for Galbraith’s
- Brussels to ponder P&O’s deal with Brittany Ferries
- Odfjell sells tank container holding
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| DECEMBER 8, 2004 |
- HAL enters guily plea in sewage discharge case
- Athos spill object found?
- Now Greenpeace says single hull phase out will cause pollution ...
- $7.1 million TACOM contract for Bollinger/Incat
- Jackup order for Keppel FELS
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| DECEMBER 8, 2004 |
- WPPA honors Port of Everett with Port of the Year award
- Ceremony marks naming of new Alaska-class tanker
- Port of Seattle taps Isaki as new economic/trade director
- Panama Canal goes with TEUs as new pricing guideline
- Hamburg Süd drops San Francisco in favor of Oakland port call
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| DECEMBER 9, 2004 |
- Lord Levene takes second term as Lloyd’s chairman
LLOYD’S of London has confirmed that Lord Levene, pictured, will undertake a second term in the top job. The former defence procurement chief first took on the role for a minimum term of three years in November 2002.
- Frontline approach may herald General Maritime takeover
A $2bn takeover, the largest ever in the shipping industry, could be in prospect following the disclosure that Frontline has approached rival tanker operator General Maritime about a business combination.
- Curved iron pipe responsible for damage to Athos I hull
CURVED iron pipe on the bed of the Delaware River has been identified as the object that tore through the hull of Tsakos’ Athos I as the tanker prepared to dock at the Citgo terminal on November 26, writes Rajesh Joshi in New York.
- ChevronTexaco strikes lucky with Scottish field
US OIL major ChevronTexaco has struck a large oil field off northwest Scotland with an exploration well drilled this summer on the Rosebank/Lochnagar prospect, writes Martyn Wingrove.
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| DECEMBER 8, 2004 |
- IAPH, LR-Fairplay join on journal
PORTS & Harbors, the official journal of the International Association of Ports and Harbors (IAPH), will be re-launched in March 2005
- Volgotanker stake for sale
THE Russian government has confirmed that it will auction its 20% stake in Volgotanker, the country's leading tanker company, after delaying for almost three years
- UK bid to solve box blockage
- Attica to cover Porsche shipments
- Salvors warn of design problems
- 500 laid off at Irish Ferries
- Plaudits for purple prose
- Fesco managers to buy state stake
- Draft wreck rules amended
- Frontline buys into GenMar
- P&O's ferry transfer to be reviewed
- Shell CEO plots future strategy
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| DECEMBER 8, 2004 |
- FMC slates meeting on NVO contracts
Federal Maritime Commission schedules public meeting to discuss proposed rules that would allow non-vessel-operating common carriers to enter confidential "service arrangements" with shippers.
- Despite opposition, EU pushing port reform
European Union urging members to support plans to deregulate port services despite renewed strike threats by dockworkers.
- Growth to continue, say supply execs
- Clarification -- Panama Canal tolls
- Garrett to head PMSA's So. Cal. office
- Greenbrier buys Mexican freight car maker
- Chinese criticize national rail system
- TradeBeam acquires Open Harbor
- IES launches new Web site
- Pisani & Roll opens trade practice
- Aloha Airlines to sell cargo unit
- Kuwait to build $1.2B container port
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| DECEMBER 8, 2004 |
- Dubai Ports International bid for CSXWT poised to trump all others
CSX Corporation and Dubai Ports International (DPI) are on the verge of confirming their sale-agreement for CSX World Terminals (CSXWT), say well-informed sources close to CSX’s Hong Kong office.
- ‘Off-market’ fixings won't take pressure off market, say brokers
- Sinotrans fixes capacity problem
- Indian Railways plan flexi-freight rates to boost traffic
- Containers to pay their way as Panama Canal proposes charge per TEU
- US sports shippers sign logistics consolidation contracts in Asia
- Development in inland China will fuel railway demand
- Security a major issue for reefer operators in China
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| DECEMBER 8, 2004 |
- Do I hear $50?
Arbitragers drive up Genmar shares nearly 14% on Frontline announcement, rumours of a share-based offer.
- Genmar playing defense?
Frontline overture may not be so friendly after all, sources suspect.
- NUMAST slams competition referral
Maritime union finds itself in unusual position of backing P&O ferry plan.
- Frontline chasing Genmar
General Maritime says officers of Fredriksen company have acquired shares, 'expressed interest' in business combination.
- Cruise on the up
CLIA says North American figures up 10% year-to-date.
- Greenpeace warns on single hulls
Pressure group says huge numbers of tankers needing demolition will swamp breakers, causing contamination.
- Gulfmark buys PSV
Vessel previously managed on behalf of UK shipowner Waveney Shipping.
- New team for interiors
Estonian yard group BLRT takes Finnish partner to kit out ships.
- Johor will fix it
Malaysian port plans to get into shiprepair to rival MISC’s MSE yard.
- Irish Ferries jobs purge goes on
Irish owner reacts to ship officers' strike by laying off up to 500 workers.
- Seacor goes long
US offshore owner to sell bonds due in 2024 to help pay down debt.
- Odfjell empties its tanks
Norwegian chemical carrier owner breaking up tank container partnership with Germany's Hoyer.
- State to exit Volgotanker
Russian government to divest its 20% stake in tanker company next year.
- Solstad, DOF team again
Norwegian offshore owners want to slice up Far East market together with Nortrans.
- Front Rider in second detention
Australian port state control authorities hold Frontline OBO for second time in nine months.
- HAL pleads guilty to polluting
Carnival subsidiary cops $700,000 fine after admitting pollution violation in Alaskan waters.
- Maersk extends MC charters
Higher rates on new containership contracts will add $1m to owner’s earnings in 2005.
- Shamrock sold
Canadian transportation company Clarke picks up Fortis arrested feedership at auction for $11m.
- Galbraith’s beefs up board
Crude specialist Anderson, S&P man Bartleet and products broker Harmsworth get the nod.
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| DECEMBER 8, 2004 |
- MOL expects ship utilization to remain high in 2005-2006
- Asia/U.S. carriers raise bunker charges
- Lines switch to Oakland on Asia/U.S. West Coast/South America link
- Horizon Lines to suspend one of its U.S./Puerto Rico links
- Shapiro starts Milan-to-Baltimore LCL service
- FMC to hold NVO service arrangements meeting Dec. 14
- FMC reviews 14 OTI applications, revokes 10 licenses
- Bush signs miscellaneous trade bill into law
- U.S. continues review of Brazil's GSP status
- Schenker renames U.S. logistics subsidiary
- Wilson Sporting Goods, Precor Fitness pick MOL Logistics
- Los Angeles beware: Hutchison studies Mexican West Coast gateway
- Panama Canal proposes large increase in tolls
- British shippers, ports seek way of U.K. port congestion
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| DECEMBER 8, 2004 |
- Camillo Eitzen failed in bid for Sigloo Gas KS
Camillo Eitzen only won acceptance from 5.5 per cent of the owners of Sigloo Gas KS in a bid to ...
- Kvaerner Philadelphia RICO charges
Kvaerner Philadelphia denies charges under the US Racketeer Influences and Corrupt Organisations (RICO) statute launched this week by a dismissed ...
- Unitor buys 95 per cent of TeamTec
Unitor has bought 95 per cent of the incinerator and fire-rated windows developer and producer TeamTec in Tvedestrand, Southern ...
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