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| NOVEMBER 10, 2004 |
Shipping News
- Suez Canal reopens as tanker is freed
EGYPTIAN authorities reopened the Suez Canal yesterday after one of the world's major waterways was forced to shut for the first time in 30 years because of a stricken oil tanker.
- India to tap Suez Authority for channel
INDIA may collaborate with the operators of the Suez Canal to dredge a 20 billion rupee channel in the sea between India and Sri Lanka, according to a statement by India's Shipping Ministry.
- PSA, Jurong box volumes up in Oct
CONTAINERISED cargo volumes through Singapore continued to rise with both PSA International and Jurong Port recording increases last month, over the same period last year.
- NOL cargo volumes soar on China growth
- RCL posts record third quarter profit of 1.28b baht
Strait Talk
- Controversy over amending vital anti-terror treaty
IF anybody ever held a competition for international treaties with bizarre names, the International Maritime Organisation's SUA Convention would be a strong contender.
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| NOVEMBER 10, 2004 |
- NYK orders eight vessels
- Rotterdam Port switches to electronic declarations
- BAX Global offers services in Suzhou
- John Mullen appointed to DPWN Management Board
- Broken tanker halts Suez traffic
- Asia/WC South America Discussion Forum to increase rates in 2005
- DHL invests EUR128 million in India
- Hactl throughput grows in October
- Lufthansa Cargo liberates young French wine
- FedEx to add Cologne to network
- Harbin-Hong Kong direct flight resumes
- Pilot Air Freight reports record Q3 results
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| NOVEMBER 10, 2004 |
- T. R. Baalu visits Suez & Panama Canals
- Cargo vessel runs aground, 11 missing
- Suez Canal blocked after vessel grounding
- SCI keen to develop box terminals
- Aiyar asks Pak to allow diesel imports
- Mumbai Port on the move
- Kerala govt to form company to oversee Vizhinjam ICTT development
- Umm Qasr port unaffected by state of emergency
- Steamer agents defer decision on ‘congestion surcharge’ at RGCT
- WTSA hikes origin equipment detention charges
- Rlys to play major role in direct trade with Nepal
- Future for feeder operators bright, says Rangnekar
- Govt asks Petronet to complete Dabhol LNG terminal project
- Plenty of infrastructural facilities & amenities at Vizag—Capt. Gopal
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| NOVEMBER 9, 2004 |
- Tesoro Petroleum Corp. changes name
Supplier to north-western US states shortens name to represent new business focus.
- Florida bunker supplies 'not affected' by Morgan Stanley deal
Florida bunker supplier TransMontaigne Inc. tells Bunkerworld that supply agreement with global investment bank does not include bunker fuel procurement.
- Syros Bunkering Station relaunched
Athens-based bunker broker and trader announces start of operations at Syros Bunkering Station, particularly aimed at Black Sea trade routes.
- Fujairah continues to soften amid uneven avails
- Hong Kong avails set to improve from mid-November
Suppliers say bigger fuel oil requirements can only be served after next cargo arrival.
- Vital waterway reopens
The Suez Canal has been reopened today after a grounded tanker was successfully refloated, allowing vessel passage to resume.
- Rotterdam midday market snapshot
- No prime suspect in Puget Sound spill investigation
US Coastguard says there is no definitive suspect in its investigation of last month's Puget Sound fuel oil spill.
- Renewed Chinese interest starves Korean bunker market
Chinese uptake of straight run fuel oil from Korea has increased with the downtrend in prices, leaving the bunker market tight in most ports.
- Bunker spill threatens heritage site
- Collision sees force majeure on Russian Black Sea exports
Force majeure declared on at least one fuel oil delivery with crude loadings also delayed as a result of an accident last week.
- Fuel oil removed from BBC China
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| NOVEMBER 9, 2004 |
- Roll Spedition installs active I-ware
- RID: changes to hazmat regulations for railways
- Bax Global: strong profit increase and freight volumes improve
- Advenza FreightBus pallet service started
- Air China wins control of Shandong Airlines
- Suez Canal blocked by grounded tanker
- SAS Cargo names new sales manager for North America
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| NOVEMBER 9, 2004 |
- Suez Canal re-opens
- US Gulf ports form security charges cartel
- Panama Canal transit figures up
- Passenger ship orders boost Schat-Harding
- Freight rate recovery boosts RCL
- Aker Yards raises profit forecast
- Jesper Clausen to head up V.Ships’ Danish office
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| NOVEMBER 10, 2004 |
- Aker Yards to axe 700 Finnish jobs despite bulging orderbook
NORWEGIAN-controlled shipbuilder Aker Yards yesterday announced plans to axe 700 jobs across its Finnish operations after their merger in the New Year, despite improved anticipated revenues of NKr12bn ($1.89bn) for 2004.
- Blocked Suez Canal reopens as tanker is refloated
THE Egyptian authorities were able to reopen the Suez Canal yesterday morning, following a three-day closure caused by a tanker grounding on Sunday, writes David Osler.
- Frontline VLCC scores WS345 as rates rocket
VLCC rates are moving to new highs in the current booming market with Frontline securing a charter yielding some $260,000 a day, writes Tony Gray.
- UASC nears eight-vessel boxship deal
An order for eight large containerships is close to being finalised by the United Arab Shipping Co (UASC) to meet growing demand.
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| NOVEMBER 9, 2004 |
- Suez Canal reopens
THE grounded 154,972dwt tanker Tropic Brilliance was successfully refloated in the Suez Canal this morning and towed to an anchorage about 7 n-miles away within the canal for a complete underwater inspection
- Yard mishaps cause concern
THE president of the Association of Marine Industries in Singapore, Heng Chiang Gnee has expressed concern over the increase in the severity rate of shipyard accidents
- Seyang turnover, profits soar
KOREA’S bulk operator Seyang Shipping, which had exited court receivership in September 2002, has reported a sharp rise in turnover and profits
- Sabine Pass agrees terminal deals
THE proposed Sabine Pass LNG project on the US Gulf Coast announced terminal use deals today with Total and ChevronTexaco
- Mary Nour - 116 days later
FINALLY arrested, but still unsure why, the Panamanian-flagged silo vessel Mary Nour has now been at anchor for 116 days in the Mexican harbour of Alta Mira
- Venezuela signs with Dominican Rep
VENEZUELA continues to make inroads with Caribbean buyers, announcing a new preferential deal to supply oil to the Dominican Republic
- Oil removed from BBC China wreck
- Jamaica to import LNG from Trinidad
- Aker Finnyards to lose 700 jobs
- Hanjin Shipping makes record gains
- China will receive Russian oil
- Pakistan to import more wheat
- Global majors eye Ennore terminal
- Attica moves into freight ro-ros
- Transneft outlines pipeline details
- Sovcomflot chief replaced
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| NOVEMBER 9, 2004 |
- UPS hiring 70,000 workers for holidays
United Parcel Service will also add two dozen jets on higher volume forecast.
- Narrow profit in quarter for Hanjin
Revenues boosted by stronger rates, but currency slide hit earnings.
- Supreme Court rules on damages case
- Suez Canal reopened for traffic
- FedEx Ground plans Atlanta-area hub
- EDI fee for Northwest cargo
- New chief for national trucking group
- China logistics booms despite issue
- DHL to move international hub
- Korean Air aims for top cargo spot
- SCM helps SembCorp net
- Manila terminal moves 1 million TEUs
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| NOVEMBER 9, 2004 |
- Greens fail to prevent La Spezia dredge
La Spezia appears to have won its long running court battle with environmentalists, with local sources saying the State Council has overturned an earlier ruling on dredging at the port.
- Suez cleared, services to resume later today
Salvage experts successfully refloated the stricken tanker blocking the Suez Canal at 2.20am local time, operations on the canal are expected to resume later today.
- Insufficient dockers delays extended gates in California
- CSCL orders four new vessels from China
- Hanjin achieves record Q3 operating profits
- Growth in exports cheers ANZ wine growers
- KMTC cuts leasing costs with 4,000 box order
- Busan suffers low efficiency
- Zeebrugge looks for Chennai collaboration
- Former Oakland MD joins security lobby group
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| NOVEMBER 9, 2004 |
- Canal clearing backlog
Suez chief Ahmed Ali Fadel promises waterway will fully return to normal within hours.
- Ultrapetrol bond buyback offer
South American owner looks to purge itself of nasty covenants, as profits rise.
- Teco Coating recoils
Tore Enger thinks hot tanker rates could mean a $50m annual market for his niche.
- Eight big boxships for UASC
Abdullah Mady Al-Mady has tendered to build eight fast boxships of up to 7,000-teu capacity.
- Seaboard Marine fattens results
The shipowning arm of agribusiness company Seaboard is going strong after a flat year.
- It's a bird, it's a plane, ...
It's a revised prediction of Frontline's dividends over the next two years.
- Winner turns loser
Greek bulk carrier master barred from US waters for being drunk in charge of his ship.
- Front Eagle soars to $260,000
And Frontline chartering director Stephen Eglin expects to see tanker earnings move even higher.
- V Ships opens in Denmark
New office headed by Jesper Clausen will pursue financial deals.
- Aker cuts payrolls in Finland
Aker Yards is elevating its profits prediction and its payroll axe at the same time.
- Concordia pockets $80m
Sale of V-MAX VLCCs to newly-listed Arlington Tankers reaps handsome reward for Hans Noren & co.
- Suez tanker refloated
Crisis over grounding that blocked the canal set to end, but tanker rates still soaring as waterway prepares to reopen.
- Hanjin flat on forex decline
Year-on-year profits largely unchanged at Korean owner due to lower foreign exchange gains.
- China boxship coup
Hudong-Zhonghua first Chinese yard to win post-panamax orders with five-ship deal from CSSC.
- MOL increases China-Manila links
Japanese owner is chartering space from Chinese short sea carrier Shandong International Transport Co.
- Noble sees strong performance
Chartering delivers "stellar results" at Richard Elman-run commodities and shipowning outfit.
- Smit to salve Cristoforo Colombo
Dutch salvage contractor starts work to refloat dredger aground off Sakhalin since September.
- Cosco yard deals get green light
Chinese regulators approve acquisition of Cosco Shipyard Group stakes by Cosco Corp and SembCorp.
- Profits rocket at RCL
Thai intra-Asian boxship operator thrives on back of strong liftings and healthy rate restorations.
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| NOVEMBER 9, 2004 |
- OECD members discuss maritime policy with China, others
- Hanjin's operating income improves 28%
- NYK orders 8 Panamax boxships
- APL's volumes, rates rise
- MOL adds China/Philippines link
- FCC amends maritime rules
- Coast Guard charges Greek ship captain was drunk at helm
- Doerken ousted as head of DHL
- DHL Danzas Air & Ocean offers services within Alaska, Hawaii
- DHL to buy majority share of Indian delivery company
- U.S. labels NAFTA environmental report on GM corn "flawed"
- TOTALogistix names Cue to direct client development
- L.A.-Long Beach terminals speed up launch of off-peak gates
- Panama Canal tonnage up 10%, but transits slow
- New York-New Jersey Port Authority names Fox deputy executive director
- Cooper named acting director of Indiana Port Commission
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| NOVEMBER 9, 2004 |
- 700 shipyard jobs to go in Finland
Aker Yards has initiated a restructuring of its shipbuilding activities in Finland, similar to the processes at its German shipyards ...
- Scandlines buys large ro/ro vessel
Today, the board of Scandlines is likely to confirm the purchase of the Norwegian-owned ro-ro vessel "Aurora", which ...
- Suez Canal to be re-opened today
Sovcomflot’s suezmax "Tropic Brilliance" was pulled off today after the grounding in the Suez Canal Sunday and will be towed ...
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