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| DECEMBER 10, 2004 |
Shipping News
- Call for more help to boost strait security
SINGAPORE's Defence Minister Teo Chee Hean said yesterday that joint patrols of the Malacca Strait with Indonesia and Malaysia were 'a good start', but that other countries could help boost security in the key shipping lane.
- PSA gave its best shot in bid for CSX assets
IT'S starting to look a lot like deja vu. News that global upstart Dubai Ports International has pipped PSA International and other major terminal players in the competition to buy the global network of CSX World Terminals prompted the thought: 'Another overseas expansion attempt, another failed bid.'
- PSA November throughput rises 12%
PSA International Ltd, operator of the world's second-busiest container port, handled 12 per cent more containers last month at its ports globally as demand for products made in Asia increased.
Admiralty Casebook
- Shipowner not liable for cargo safety under charterparty
THE House of Lords in the UK last month refused to depart from a 50-year-old decision that allows signatories to a charterparty to agree to relieve a shipowner of its obligations under the Hague Rules or Hague-Visby Rules to safely load and stow cargo.
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| DECEMBER 10, 2004 |
- HPH may open port in Mexico
- 11 COSCON ships gain Qualship 21
- FPS Australia brings customs brokerage business in-house
- MOL Logistics signs contract with Amer Sports unit
- To remain competitive - HK must upgrade port facilities: 2020 report
- 11-month Hactl tonnage higher than last year's total
- Emirates signs bank loan for new plane
- Mercury Air Group Q1 net income drops
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| DECEMBER 10, 2004 |
- IRS sounds the foghorn on imminent air pollution control law
- Stimulating start as speakers lay ground for analysis & deliberation on key policy issues
- Bharati Shipyard IPO oversubscribed by 48 times
- Baalu to discuss bonus issue with port labour leaders today
- P. Tamilvanan appointed Chairman of NMPT
- DPI to acquire CSX Corp’s global terminal business
- Acquisition of mobile harbour cranes next on PPT’s agenda
- Bangalore Air Cargo Club to host All India Golf Tournament tomorrow
- 1st export train with 19 TEUs despatched from ICD-Nagpur to VCT
- Transchart providing increasing cargo support to Indian shipping cos
- EPCG scheme benefits applicable to EOUs too
- 5 SEZ proposals being examined
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| DECEMBER 9, 2004 |
- Saudi production cut hint spurs oil, bunker rise
Saudi minister's eleventh hour claims that 'OPEC needs to act to stabilize the market' spooks traders prior to tomorrow's Cairo meeting.
- EMSA to charter bunker barges for spill response
Contracts to be sought with bunker suppliers and barge operators to fit anti-pollution equipment and lease vessels during spill emergencies.
- Possible OPEC cut behind recent fuel oil rally
Fuel oil prices moved contrary to crude futures earlier this week, rallying on fears that OPEC is about to rein in production of heavy crude to stem price fall.
- OPEC members split on production cut to halt crude slide
OPEC members meeting tomorrow to discuss production levels are split over whether or not to reign in over-production.
- Ship breaks in two off Alaska, rescue helicopter crashes
Pollution abatement attempts continue as Coast Guard searches for missing crew members after ship breaks in two and rescue helicopter crashes.
- Rotterdam firm ahead of Midday
- Singapore fuel oil stocks plunge as traders clear ullage
Fuel oil traders in Singapore reportedly discounting to clear ullage and make room for hefty arrivals towards the end of the month.
- Collision causes huge bunker spill off southern China
A collision between two containerships in southern China has resulted in what state television has called the worst oil spill in five years.
- Titan signs 3 million tonne fuel oil contract
Titan Petrochemicals Group has signed a one year renewable contract to trade and transport three million tonnes of Iranian fuel oil.
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| DECEMBER 10, 2004 |
- French government to sell part of Air France-KLM stake
- BGL modernising its website
- Latvian fines for overloaded lorries increased tenfold
- MOL new logistics provider for Wilson Sporting Goods
- India hopes to join rail project with Iran and Azerbaijan
- Dubai Ports International acquires CSX's international terminal business
- Falchi new European Rail Infrastructure Managers EIM secretary general
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| DECEMBER 9, 2004 |
- Six missing after USCG helicopter crash
- Pirates kidnap another master & mate
- Frontline looks at Genmar bid
- BOL scam hits Middle East and SE Asia
- New Philippine shipping website
- A Tulip by any other name
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| DECEMBER 9, 2004 |
- China Shipping sets up ship management company
- GE seeks ABS certification for LM6000
- DRS lands major Navy power contracts
- USCG rescue helicopter crashes
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| DECEMBER 9, 2004 |
- WPPA Life Membership Award goes to former commissioner John Givens
- Greenbrier now holds 100 percent of Mexican rail car facility
- Coast Guard nabs man who fired false distress flare
- WSF making changes to fare collection scheme
- Federal statistics show NAFTA brings gains in surface transportation
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| DECEMBER 10, 2004 |
- Dubai Ports International nabs CSX’s terminals for $1.23bn
HONG Kong, the world’s largest container port, has a new operator after Dubai Ports International announced yesterday that its $1.15bn-plus bid assuming $80m of debt for CSX World Terminals has been approved.
- Six seafarers missing after Alaska rescue helicopter crashes
SIX seafarers were reported missing yesterday in a compound tragedy in Alaska.
- Titan breaks into LNG market
RAPIDLY expanding tanker owner Titan Petrochemicals is aiming for an LNG carrier fleet by 2008 as it signs a letter of intent for massive a transport contract from Iran to China.
- General Maritime gain could net Frontline an annual $70m bounty
Frontline could squeeze synergy benefits of up to $70m a year from a merger with General Maritime, according to Enskilda Securities, a leading Scandinavian investment bank, writes Tony Gray.
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| DECEMBER 9, 2004 |
- New oil compensation Protocol
AN IMO Protocol is set to enter force to provide a third tier of compensation for oil pollution from tanker spills
- Jordan, Syria move closer
JORDAN and Syria are planning to buy a new vessel to enhance their collaboration in the maritime sector
- Indian oil companies consolidate
- CalMac privatisation disrupted
- Former employee accuses Kvaerner
- Irish Ferries talks continuing
- Concor increase number of rakes
- Forwarders put their foot down
- Six crew missing in rescue drama
- China top for Australian iron ore
- Posco lands second mega ore deal
- Cebu fights 'illegal' fees
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| DECEMBER 9, 2004 |
- Dubai Ports to buy CSX terminals
Bid of $1.15 billion vaults small operator onto world stage, beating out leading container port operators, Hutchison Whampoa and PSA International.
- FDA imposes record-keeping rules
Businesses involved with foreign or domestic food-supply chains will be required to keep and maintain records of food shipments.
- "Seismic" change coming, says Horizon's Raymond
- ILA maintenance talks continue
- WCO announces plan for international cargo security
- Apparel, footwear importers reject China safeguards
- U.S. NAFTA surface trade rising
- U.S., Jordan sign customs agreement
- Hamburg Süd christens new box ship
- China battles oil spill after ships collide
- Port security remains weak, Canadian Senate says
- French to sell Air France-KLM stake
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| DECEMBER 9, 2004 |
- Long term effects of DPI's HK scoop as yet uncertain
All eyes are on the, as yet unsigned, PSA purchase of a 57% stake in Asia Container Terminals (ACT) following Dubai Ports International’s (DPI) scoop of CSX World Terminals (CSXWT).
- Russian Rail proposal could reverse Russian ports policy
Russian Rail’s (RZhD) proposal to increase rail-tariffs to Russian ports while freezing land-crossing tariffs, from 2005, is the reversal of a two-year policy to redirect cargo to Russian ports.
- Shippers urge collaboration on China's rail development
- Carriers and exporters have high expectations of textile and clothing agreement
- Up-to-panamax orders to rise next year, says Samsung Heavy Industries
- FMC to meet over proposed new NVOCC rules
- US Customs claims coup at World Customs Organization
- JR Shipping bags two more Baltic box-feeders
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| DECEMBER 9, 2004 |
- IMC bulker breaks up
The search is on for missing crew and rescuers after a panamax broke in two off Alaska.
- Sammy’s swap shop
Huge insider deal sees 12 Ofer newbuildings transferred to Zim Israel Navigation at cost of $820m.
- Bryggen banking on profit
Bergen-based tanker operator expects to double pre-tax earnings in 2004.
- Attica revs up new ro-ros
Greek ferry owner strikes deal with Porsche supplier for Germany to Finland route.
- Strike resolution begins
Irish Ferries and union start talking over walk-out – but not to each other.
- Investors queue at Indian yard
Bharati Shipyard stock exchange floatation is 78 times oversubscribed.
- Barber gets new head
Barber is poaching the head of V Ships Norge to replace managing director Svein Sorlie.
- Dollar drains Uljanik profit
Croatian shipbuilder says earnings eroded by weaker US currency this year.
- US military taps Inchcape
Simon Morse's Inchcape has won a $34m US West Coast agency contract from the US military.
- CSG aims for V.Ships
China Shipping Group’s new merged shipmanagement interests target world domination.
- Thoen focusing on car carriers
Aage Thoen needs to concentrate on another shipping sector after leaving Star Reefers.
- Boxships clash off China
Reports of 450 tonne oil spill off Pearl River after Hyundai Advance and MSC Ilona collide.
- Tsakos picking up TEN
Tsakos family insiders are continuing their drive to accumulate stock.
- Thoen leaves Star board
Former boss of Norwegian reefer owner scales back involvement once again.
- Hong Kong holds baker’s dozen
Thirteen fall foul of port state control in China’s Special Administrative Region.
- Titan targets LNG
Expanding Singapore-based tanker owner looking at establishing gas carrier fleet by 2008.
- Dubai wins CSX assets
Dubai Ports International beats off competition to land CSX World Terminals for $1.15bn
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| DECEMBER 9, 2004 |
- Frontline may swoop on General Maritime with $1.8 billion bid
- OMI raises $250 million, buys back own stock
- Hamburg Sud names third 5,552-TEU ship
- Cargolux Airlines, Sita form IT joint venture
- U.S., Jordan sign customs cooperation agreement
- Intelligence reform bill passes Senate
- ITC investigates trade barriers under AGOA
- U.S. produce lobbies: Specialty crop legislation promotes exports
- Subway selects Vanguard to help move into Chile
- Kenco makes Smith COO
- CSX sells port arm to Dubai Ports for $1.15 billion
- Thamesport lengthens container cranes to cope with big ships
- Georgia Ports agrees to test programs
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| DECEMBER 9, 2004 |
- Norway’s Maritime Forum concerned for seafarers future
Maritimt Forum has expressed concern for the future of Norwegian seamen as a result of the winding up of net ...
- Denmark and Norway in top of flag state performance ranking
Denmark, Norway, Germany and Isle of Man got no penalty points in the revised flag state performance ranking published by ...
- Third 4-Runner Mk II to Transfennica
Stena RoRo has chartered the "Stena Foreteller" to Transfennica, which now employs all three Stena 4-Runner Mk II sister ...
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