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| NOVEMBER 11, 2004 |
Shipping News
- Piracy rife in region despite joint patrols
CASTING further doubt on the efficacy of the much heralded trilateral 'coordinated' patrols, pirates operating in Indonesian waters and the Malacca straits made six separate, reported attacks over the last week alone.
- Bosphorus delays grow to 15 days for oil tankers
DELAYS for daylight-restricted oil tankers transiting the Turkish straits grew to 15 days for a round-trip journey on Tuesday, shipping brokers said.
- Shenzhen's 10-month sea volumes jump 29%
SEA container traffic through the southern Chinese port of Shenzhen rose 29 per cent in the first 10 months from the same period last year, thanks to the world's growing demand for China-made goods.
- Freight rates may hit record high: shipbroker
- Suez Canal traffic returns to normal
Port Shots
- PORT SHOTS
THREE shipbreakers died in a blaze that broke out during the scrapping of a vessel in southeastern Bangladesh, authorities said yesterday.
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| NOVEMBER 11, 2004 |
- CSCL orders four mega vessels
- MOL steps up North China - Philippines service
- Suez re-opens after three-day closure
- Hanjin Shipping posts marginal net profit rise
- NOL throughput up
- Off-peak shifts to be introduced at S Cal ports
- Air New Zealand begins Christchurch-LA service
- BA second quarter profit increases
- Lynden Air Freight receives anti-terrorism certification
- U-Freight expands in Milan
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| NOVEMBER 11, 2004 |
- Asia/WC South America Discussion Forum to hike rates in 2005
- Sravan Shipping sets new sulphur discharge record
- Suez Canal reopens
- Hiring costs of Capesize ships to carry coal, ore skyrocket
- Govt preparing tariff-free ‘sensitive list’ under FTA with Thailand
- Port of NY/NJ keen to attract more Asia-North America traffic
- KoPT to acquire land to dump dredged silt
- CONCOR’s ICD-Ankleshwar, Chhani CFS notified
- ADMEC Bhoomi pujan at Admec container yard
- Govt fine-tuning NFTP to promote exports—DGFT
- Eurasia Centre for Advanced Learning opens
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| NOVEMBER 10, 2004 |
- Cuban supplier thriving on high oil prices
Cuba's sole bunker supplier to international vessels reports a good year for bunker sales despite perennial political hurdles.
- Debunkering underway after Brazil off-spec alert
One vessel already debunkered with a further vessel scheduled for debunkering tomorrow after quality control failure leads to off-spec fuel deliveries.
- DOE less bearish than forecast
Crude decline halted as US distillate stocks fall for eight consecutive week, despite higher refinery runs and rising crude inventories.
- Piraeus prices hit three month low
- Rotterdam softer as crude falls
- Singapore inventories fall again, buyers sidelining
IE data showed a fall in onshore stocks of both fuel oil and distillates in Singapore this week.
- Low sulphur limits will benefit Latin American suppliers
Latin American bunker suppliers are set to benefit from their easy access to low sulphur material when Marpol Annex VI comes into force next year.
- Crude oil falls in anticipation of bearish DOE data
Crude oil traded on the Nymex continued to fall in after hours trading today, having fallen heavily in yesterday's open outcry session on speculation of a build in US stocks.
- Valero to acquire Statia Terminals in giant merger
Competitors in Caribbean bunker market to join forces as part of $2.8 billion merger of US energy giants' pipeline and terminal businesses.
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| NOVEMBER 11, 2004 |
- Future of Air Transport conference scheduled for December
- NTEA launches improved web site
- USA: electronic onboard recorders to come
- Brenntag opens new distribution centre in Sao Paulo
- New secure truck parks in Lyon
- DHL to transfer to Leipzig/Halle airport
- Suez Canal open again
- Cortesi at Ente Bacini Genoa
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| NOVEMBER 10, 2004 |
- Ceremony marks completion of Sea-Tac Airport subway
- Coast Guard Cutter HEALY returns from Arctic duty
- New Port of Portland website looks to attract container lines
- Corps plans fill program for Grays Harbor shoreline
- Keel work begun for new Royal Caribbean cruise ship
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| NOVEMBER 11, 2004 |
- Private equity eyes up Mersey Docks
MERSEY Docks and Harbour Co, which owns the ports of Liverpool, Sheerness and Heysham, has received a preliminary approach from a private equity house.
- Maersk Broker to open US office next year
MAERSK Broker, one of the world’s largest shipbroking firms, is planning to expand into North America.
- Suez hit by another grounding
The Suez Canal has been hit by a second grounding, only hours after it reopened following an earlier casualty, writes David Osler.
- Debt-laden Stolt Offshore seals vital new $350m credit line with banks
TROUBLED Oslo and Nasdaq-listed oil and gas contractor Stolt Offshore yesterday sealed a vital new $350m credit line with a bank consortium led by ING, DnB NOR and NIB Capital.
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| NOVEMBER 10, 2004 |
- Five cleared from USCG Black List
FIVE countries have been removed from the US Coast Guard’s ‘Black List’ and so vessels now arriving in US ports from Kiribati, Serbia and Montenegro, Sierra Leone, the Solomon Islands and Suriname will no longer be subject to heightened inspection criteria
- EU funds disaster prevention study
A CONSORTIUM of European maritime organisations, including Bureau Veritas, has launched a 36-month project that aims to reduce shipping catastrophes
- NCL weighs on Star results
STAR Cruises may have benefited from a stronger pricing environment, but it has paid a price for Norwegian Cruise Line's Hawaii venture
- Charleston’s car handling strength
150,000 BMWs should cross the quay annually at the Port of Charleston, US over the next 10 years under a new agreement signed yesterday
- Arctic opening faster than expected
ARCTIC shipping routes could open faster than expected, according to a major new Arctic Climate Impact Assessment study released yesterday
- Himalaya clause extends to land
OCEAN carrier ‘Himalaya clause’ protections extend to land carriers that move cargo inland under the same bill of lading, according to a US Supreme Court ruling
- Pollution directive 'unacceptable'
- Shell will bring LNG into India
- UK union to ballot on ferry strike
- Marina rethinks class policy
- DPI wants to leave Cochin early
- Saadé brothers revive legal battle
- Three killed in Bangladesh blast
- New York LNG proposal unveiled
- Chennai goes against P&O agreement
- French to fine polluting LPG ship
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| NOVEMBER 10, 2004 |
- TSA proposes air-cargo security rules
Transportation Security Administration's draft proposal covers passenger planes that carry cargo as well as freighters.
- U.S. trade gap down on higher exports
Deficit falls in September as exports of goods and services rose to all-time high.
- Commerce chief Evans resigns
- Port of Boston breaks nine-month record
- Mediators press UPS, pilots
- New fees for hazmat truckers' ID checks
- Singapore pushing maritime arbitration
- Record revenue for railcar maker Greenbrier
- BMW to ship more cars through Charleston
- Freeport adds banana importer
- Deal to expand Vancouver box terminal
- UASC nearly doubles profits
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| NOVEMBER 10, 2004 |
- Boxships raise Panama Canal volumes to record highs
An increase in containerships on the Panama Canal has largely contributed to the waterway continuing to break its own records, with its popularity now beginning to raise capacity issues for management.
- Hanjin expands services in expectation of more growth
Hanjin Shipping will order or charter five containerships of up to 4,000TEU for the intra-Asia services, said Park Jung Wong, president and CEO of the Korean carrier today.
- Owners to feast for a while longer as charter market brings home the bacon
- Delhi signs Sethu Canal MoU with Suez Canal Authority
- Santos congestion threatens Brazilian export boom
- Lines increase Manila's links to China
- PSA on course to break its own record
- SembCorp results unaffected by Kuehne & Nagle sale
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| NOVEMBER 10, 2004 |
- OSG soars
New York tanker company trades north of $60 per share for first time in long history.
- Fjord and Smyril join forces
North Atlantic ferry lines in talks to merge operations.
- London Club sets 12.5% increase
Liability insurer admits members may be ‘disappointed’.
- Rickmers adds CCNI ships
German group takes over Chilean line's subsidiary and adds seven vessels to fleet.
- Trailer Bridge plans $80m bond
Malcolm McLean founded operator hops on capital markets bandwagon.
- Free at last
Stolt-Nielsen is released from the shackles of supporting Stolt Offshore, after subsidiary signs new loan.
- Provision hits Pan United
Fallout from 2001 livestock carrier conversion continues to haunt Singapore shipbuilder and repairer.
- Renewal boost for Skuld
Strengthening finances leads to Douglas Jacobsohn led P&I club regaining secure BBB rating from Standard & Poor’s.
- NOL boss cashes in
David Lim makes nearly $250,000 after cashing in exercised stock options in liner firm.
- MISC profits stay strong
Malaysian owner continues to benefit from strong rates and increased efficiency.
- Canal clearing backlog
Suez chief Ahmed Ali Fadel promises waterway will fully return to normal within hours.
- Pirates target Balikpapan
Indonesian oil exporting port sees three attacks in a week, as archipelago remains hotbed of attacks.
- Teco Coating recoils
Tore Enger thinks hot tanker rates could mean a $50m annual market for his niche.
- US hold Uniglory pair
Taiwanese owner has two feeder ships detained in Puerto Rico due to port state control failures.
- RCL launching own ME service
Thai intra-Asian operator sets its sites further west as it begins direct links to Dubai and Pakistan.
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| NOVEMBER 10, 2004 |
- FMC: 80-90% of new carrier agreements will gain 45-day exemption
- UASC raises profit, plans vessel orders
- Trailer Bridge reports third profitable quarter
- TSA issues plan to tighten air cargo security
- DHL streamlining to impact ABX Air revenues
- Fellows replaced as part of DHL management change
- FedEx Ground expands in Atlanta
- DHL picks Leipzig for new Euro hub
- UPS lines up assets, personnel for holiday season
- Schneider adds five freight brokerage offices in U.S., Canada, Mexico
- Care urged in sale of Canadian government-owned hopper cars
- FMC reviews 11 OTI license applications
- Supreme Court rules "Himalaya" clause protects railroad
- APEC leaders to discuss trade
- Bush cabinet shuffle begins
- Port of Marseilles. MSC reach agreement on box terminal
- Box volumes up 15% at Boston
- Tideworks provides software to Port Everglades terminal
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| NOVEMBER 10, 2004 |
- MAN B&W signs licence agreement with Vietnam
MAN B&W has signed a licence agreement with Vietnam Shipbuilding Industry Corporation, Vinashin, for production of two-strike diesel ...
- Bore vessels sold to Greece
Bore Line has sold the ro-ro carriers "Bore Marie" and "Bore Nordia" to Attica Group i Greece. The 967 ...
- Fjord Line and Smyril Line may merge
Fjord Line in Bergen and Smyril Line in Torshavn, Faeroe Island are in talks to coordinate sailings with the view ...
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