 | web site |
| NOVEMBER 15, 2004 |
Shipping News
- P&O Nedlloyd profit soars in Q3
ROYAL P&O Nedlloyd became the latest liner company to announce buoyant results, with a Q3 operating profit from container shipping of US$138 million compared with US$53 million in the same period in 2003.
- Tanker rates to US up 29% as Opec pumps more oil
OIL tanker rates to the US jumped as much as 29 per cent last week as Opec increased its oil output to meet surging world demand, increasing competition for available ships.
- Privatise Chittagong Port to exploit potential: US
A visiting senior US official urged the Bangladesh government to privatise the nation's main Chittagong Port saying 'sincere' efforts were needed to exploit its full potential.
- RCL begins new M-E service
- Vietnam protests to Tanzania over seizure of cargo ship
- 1 sailor dead, 18 missing in storm off Algiers
- 6 die as S Korean ship hits breakwater in Japan
|
 | web site |
| NOVEMBER 15, 2004 |
- China should develop Yangtze as transport alternative, experts say
- Port of Rotterdam delegation visits Shanghai
- RPONL appoints new board of directors
- MOL orders new car carriers
- Barred port workers, truckers sue Miami County
- Logistics centre to be built in Urumqi
- UA expands service between California and Japan
- FedEx ordered to repay DOT US$29 million
- Delta pilots ratify new contract
|
 | web site |
| NOVEMBER 12, 2004 |
- Reports: Projector awarded PDVSA arbitrage tender
- US' DESC extends UAE bunker purchasing programme
- SMP pull-out of Piraeus bunker market
Global supplier says move is permanent 'strategic decision'.
- ARA fuel oil stocks rise again
ARA stocks of fuel oil swell on lack of arbitrage opportunities with more cargoes expected in from the Baltic, while bunker market saw limited demand today.
- Baltic price falls maintain momentum
Buying activity has been healthy as prices fell across the region, where one port was forced to close today due to high winds.
- 'Size matters' when bunker samples need closer inspection
Lintec supports Singapore's MPA's recent introduction of a minimum bunker sample size requirement as it will allow repeated tests on off-spec or borderline fuels.
- Early bookings required for bunkering during Turkish holiday
- Shell Marine Products awarded US Navy support contract
Shell Marine Products (US) Company wins contract worth $8.6 million, including options that could boost contract value manyfold.
- Chinese fuel oil imports sharply down in September
Chinese fuel oil imports were down in September although supply from Singapore remained broadly unchanged from August, Chinese customs data showed.
- Opening of transpolar routes could slash shipping times
The arctic is thawing faster than expected say scientists, a fact which could benefit shipping by providing shortcuts and slashing shipping times.
|
 | web site |
| NOVEMBER 15, 2004 |
- Tesma to use ShipServ TradeNet in entire network
- EU monitors effects of enlargement
- Swiss Post International ties knot with SAT group
- Hupac acquires FNM's intermodal operator Eurocombi of Milan
- Bulgaria to develop Black Sea airports
- Med Ports seeks to promote shortsea shipping
- Farrell selected Port of Tacoma executive director
|
 | web site |
| NOVEMBER 12, 2004 |
- Royal P&O Nedlloyd operating profit soars
- Broström poised to take full ownership of vessels
- UK detains Precious-managed bulker
- Japanese shipping trio do well
- Farstad steady despite poor Asian market
|
 | web site |
| NOVEMBER 12, 2004 |
- Mitsui O.S.K. to add more car carriers
- Guantanamo bound barge grounds
- AMFELS gets jackup repair orders
- Kleven to design Odfjell tankers
|
 | web site |
| NOVEMBER 12, 2004 |
- Bob Coleman named top boss for 2004
- U.S. rail freight traffic has up month of October
- Portland Shipping Club needs help with children's spree
- Foreign Trade Zones study sees big jump in shipments
- New shipping agency opens office in Vancouver, WA
|
 | web site |
| NOVEMBER 15, 2004 |
- MOL orders 10 vehicle carriers as car exports surge
MITSUI OSK Lines has signed up for 10 Japanese built car carriers, in a deal worth an estimated $600m. The line says volumes are so strong now there are not enough ships in the world to meet demand.
- Zurich suspends staff in wake of Spitzer inquiry
INSURANCE markets are bracing for new shocks after firms outside the direct firing range of New York attorney general Eliot Spitzer revealed new probes into risk placing practices.
- Broström buys out minority owners in $87m fleet streamline
Leading Swedish product tanker and chemical operator Broström plans to buy-out the part-owners of some of its vessels in a change of strategy that will be funded by a share issue worth more than SKr600m (US$ 86.8m).
- Fincantieri retains technology edge in Chinese partnership
FINCANTIERI has restated its willingness to develop relations with Chinese shipbuilders .
- China P&I sets its sights on International Group membership
CHINA Shipowners’ Mutual Assurance Association has lodged a formal application to join the major league of protection and indemnity clubs, writes James Brewer.
|
 | web site |
| NOVEMBER 12, 2004 |
- US 'seeking to prosecute seafarers'
US authorities are actively looking to prosecute seafarers and shipping companies, believes Michael Chalos, a partner at US law firm Fowler Rodriguez & Chalos
- Torm, Thome set up manning venture
COPENHAGEN-based tanker operator Torm and Singapore ship manager Thome have launched a manning agency joint-venture in Manila dedicated to the Torm fleet
- Further reprieve for USSM
MAERSK Lines Ltd will have to wait to introduce newer vessels into the US Maritime Security Program Fleet, a judge has ruled
- Bulker leaking oil off Vancouver
TUGS were dispatched before daybreak today to the Greek-flagged bulker Thrasyvoulos V after the vessel was found to be leaking oil into the Pacific Ocean off Vancouver
- MOU signed on Roberts Bank terminal
THETsawwassen First Nations band has signed an MOU with Vancouver Port Authority to enable construction of Vancouver's second container terminal at Roberts Bank
- Fonterra review to cut port calls
AS part of a review of its logistics activity, NZ dairy co-operative Fonterra is looking to reduce ports and shipping costs
- All oil removed from BBC China
- Share pricing concern for Stelmar
- US to help fund Caribbean ISPS
- Australia trials 'acoustic fences'
- US to aid Chittagong development
- Korea eases LNG import rules
- Hastings to aid Melbourne capacity
- Hyundai HI suffers 3Q loss of $30M
- Heung-A bounces back
- Fortescue signs Pilbara deal
|
 | web site |
| NOVEMBER 12, 2004 |
- FedEx ordered to repay $29 million
The U.S. said FedEx Express must repay excess funds received under an act established after the Sept. 11 terrorist attacks.
- Grand Alliance shuffles port calls
Alliance members Hapag-Lloyd, NYK, OOCL and P&O Nedlloyd, in cooperation with CP Ships, are phasing in North Atlantic schedule changes.
- MOL to order 10 car carriers
- Hapag-Lloyd, NYK to share space in South America trade
- Taiwan renews push for China air-cargo flights
- Frankfurt airport posts cargo record
- October volume sets record at American Airlines Cargo
- U.S. Ship Management wins temporary relief
- MOL, "K" Line earnings soar
- Rates, traffic spur P&O Nedlloyd surge
- Hapag-Lloyd operating profit climbs 13 percent
- PeopleSoft board rejects Oracle's final offer
- China protests proposed U.S. tariffs
|
 | web site |
| NOVEMBER 12, 2004 |
- Hupac boosts shuttle services with Eurocombi acquisition
Swiss rail operator Hupac has bought Milanese intermodal rail operator Eurocombi from its founders Ferrovie Nord Milano (FNM) and the Gavio Group, well informed sources told ci-online.
- Hutchison’s Panama subsidiary set to develop Atlantic facility
Panama Ports Company (PPC) is finalising ambitious investment plans that will put its Cristobal terminal on a par with its 600,000TEU a year operation in Balboa.
- Hapag-Lloyd continues to deliver for TUI
- CSCL and Jinzhou Port expand Liaoning terminal deal
- NOL achieves revenue and volume gains
- Heung-A profits surge
- Jindo wins order for 5,000 containers
- Inchon to complete lock gate expansion
|
 | web site |
| NOVEMBER 12, 2004 |
- Stelmar close: $40.65!
Shareholders are making a large wager that Fortress acquisition offer will be rejected Tuesday.
- US military cargo runs aground en route to Cuba
Army-chartered barge containing some hazardous material was bound for Guantanamo Bay.
- Salvors hope to refloat 'Gitmo' barge
Service to US military base in Cuba is set to come up for new bids next week.
- Stelios in new attack
Stelmar founder makes issue of company's charter cover falling to 50% for 2005.
- Panamax spill alert
Greek controlled bulk carrier in bunker leak scare off Vancouver.
- New ships for Elkem?
Sverre Jorgen Tidemand's Belships is 'at work on tonnage renewal' with the Elkem Chartering pool.
- Star Reefers backs newbuilds
Oslo-listed owner signs 10-year charters on first reefer newbuildings in four years.
- Brostrom plans $90m of deals
Lennart Simonsson charts a new course for Swedish petrochemical shipowner with plan to buy out minority stakes in vessels and joint venture companies.
- MOL inks car carrier bonanza
Owner orders ten 6,400 car capacity ships at domestic shipbuilders for delivery by 2009.
- Big John confirms Hanjin stake
Norwegian tanker king has been adding to his tantalising investment in liner shipping.
- Continental Mariner bows out
PLA-backed company confirms sale of last remaining ships.
- Profits down at Star
Asian cruise firm sees 10% fall in profits during third quarter despite increase in revenue.
- Volumes keep rising at NOL
New services and cargo mix combine to help maintain cargo level growth at Singapore carrier.
- Mixed quarter for Farstad
Continued weakness in Australia and Far East offsets signs of improvement in North Sea markets.
|
 | web site |
| NOVEMBER 12, 2004 |
- Hapag-Lloyd sees moderate growth in container profits
- Seaboard bounces back on higher cargo volumes
- China Shipping confirms order for 8,530-TEU ships
- Med/Canada carriers raise eastbound rates
- Roberts joins Venable law firm
- U.S. intermodal traffic still booming
- FMC revokes 16 OTI licenses
- U.S. container seal requirement may start with C-TPAT, official says
- U.S. pork exports up in 2004
- Busan predicts 11.5-million-TEU yearly volume
- BMW commits to port of Charleston
- Box volume up 9% at Marseilles-Fos
|
 | web site |
| NOVEMBER 12, 2004 |
- RCCL wants Masa-Yards to build outside Europe
Royal Caribbean Cruise Line (RCCL) – the world’s second biggest cruise ship operator – is hard hit by the strong Euro and ...
- Fosen hoping for stop-gap conversion work
Fosen Mek. Verksteder is currently working on several conversion jobs to fill the capacity at the yard next year after ...
- Frontline in out-of-court settlement with Stena
Frontline will pay Stena upwards of USD 2.5 million in an out-of-court settlement after Frontline was taken to ...
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
