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| NOVEMBER 17, 2004 |
Shipping News
- Sinwa acquires 3 Australian firms
AIMING to capture over a third of the Australian marine supply market within three years, Singapore-listed marine supply and logistics provider Sinwa Ltd has acquired three Australian companies.
- S'pore-owned vessel held for deficiencies
A ship owned by a Singapore-based company was among eight vessels detained in UK ports last month for safety violations, according to the country's Maritime and Coastguard Agency .
- Israel's Zim aims to expand fleet and operations
ISRAEL's largest shipping firm Zim Integrated Shipping Services aims to boost its fleet through a series of purchases and is in talks over expanding its shipping lines, company officials said.
- Brazilian port closed after ship explosion
- Declare dangerous goods, or risk claims
Strait Talk
- Jacks of all trades could pose safety hazard
ON many small, coastwise vessels with modest size, crews, the cook or the engineer is unlikely to be perturbed if told to make fast a mooring line as the vessels docks.
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| NOVEMBER 17, 2004 |
- CP Ships posts 3Q profit rise
- China logistics industry lags: experts
- Shanghai economy not what it seems to be
- RCL sails to 3Q record profit
- Alloga, K+N join forces
- AA receives some govt support for its bid to fly to China
- Fraport reports strong October growth
- Air Canada orders more Embraers
- TIACA enlists record 60th member airline in 2004
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| NOVEMBER 17, 2004 |
- INSA wants I-T clause on ship acquisition withdrawn
- P&I Club hikes premium rate
- Wreck, pollution cover may be made mandatory for ships’ entry into ports
- EU to ease auto component import norms
- Plea against scrap metal inspection order dismissed
- China may receive 10,000 tonnes of Indian soyameal this week
- Exim Bank LoC to Myanmar, Brazil
- VPT Chairman gets addl charge of Director, NSDRC
- 7 companies respond to Kandla Port Trust’s capital dredging tender
- Forex reserves hit the $ 121-billion mark
- Mid-term policy to ease congestion at ports soon—DGFT
- Gujarat considering extending ports development concession pact period by 20 years
- Law to curb imports of plastic wastes by EOUs coming
- Ore exporters’ short-run optimism tinged with long-term caution
- In-principle nod for 4 more SEZs
- Govt set to slash basic peak Customs duty by 5 pc in 2005-06 Budget
- New norms for import of sensitive items being framed
- Govt studying proposal to build 5 greenfield airports
- SEZ Bill to be introduced in winter session
- British MPs find fault with Indian shipbreaking conditions
- CII to organise 8-nation car rally to boost India-Asean trade
- IMDG Code compliance is mandatory, emphasises TT Club
- Indo-Romanian Chamber of Commerce to be set up in Mumbai soon
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| NOVEMBER 16, 2004 |
- Worldscale ups 2005 bunker price average
Freight rate monitoring body sets 2005 bunker price cost average at $173 pmt, up $5.25 pmt from 2004.
- Ecuador oil product export revenue jumps 107%
- Two-month lows could spur Asian fuel oil demand
Sharp drop in fuel oil values could revive Chinese buying interest and re-ignite flagging bunker buying interest in Singapore.
- Brazil: Up to six killed in methanol tanker explosion
Port operations in Brazil's main grain port of Paranagua resumed today as search continues for missing crew members on Chilean-registered tanker.
- Fujairah bear market sustained by post-holiday cargo falls
- Hong Kong bearish despite tight avails
Bunker prices in Hong Kong continued to soften today despite ongoing lack of product in the port, while Taiwanese distillates prices remained static for the time being.
- FTS-Hofftrans close to completing barge newbuild programme
Last in a series of large double-hull newbuild bunker barges to be operational in ARA range by end of November.
- Rotterdam/Antwerp trade market in line this morning
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| NOVEMBER 16, 2004 |
- Boeing to launch 777 freighter
- Port development in Chabahar
- In memoriam Aldo Gatti, president of Ambrosetti Autologistics
- Tele Atlas: comprehensive Eastern European expansion
- EU Commission proposes port services directive
- Spanish logistics group Logista acquires Geopost Logistics
- Con-Way Central Express launches new LTL centre
- Swiss: positive quarterly results
- Felixstowe celebrates Trinity III.2 completion
- New general manager for Pacorini
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| NOVEMBER 16, 2004 |
- Strong Q3 for Ship Finance
- MOL, "K" Line in LNG deals
- Itochu, Mol, and Sonatrach orders 2nd medmax LNG ship
- TT warns on hazardous goods code
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| NOVEMBER 16, 2004 |
- NY Waterway "may be shutting down"
- Now its Keppel AMFELS
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| NOVEMBER 17, 2004 |
- Four feared dead as explosions rip tanker in two at Paranagua
TWO seafarers and two inspectors were missing, feared dead, yesterday after a double explosion ripped through an Ultragas-owned tanker in the Brazilian port of Paranagua on Monday.
- Fortress bid falls as Stelmar votes to back Stelios
STELMAR’S shareholders yesterday rejected the $40 per share cash offer for the company from investment firm Fortress, triggering a new phase in the bitter struggle over the fate of the tanker company.
- Mangouras home for Christmas - but back by Easter?
APOSTOLOS Mangouras (left), master of the Prestige, will soon be heading home, albeit temporarily, writes Brian Reyes in Gibraltar.
- Russia told to clean up act on transport of oil
THE European Union’s incoming energy commissioner has warned Russia to clean up its act in the field of maritime safety if it wants closer ties with the world’s largest trading bloc.
- Election key to UK naval yards link-up
BRITAIN’S naval construction industry is expected to have a blueprint for its future by Christmas, with south coast shipbuilder VT yesterday indicating that an overhaul is likely to take place before the general election next spring.
- Number’s up for Euclidian unit
A MEDIUM-sized operation run by Euclidian Underwriting at Lloyd’s has been placed into run-off, as the market completes its rigorous review of business plans for 2005, writes James Brewer.
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| NOVEMBER 16, 2004 |
- Stelmar seeks new buyer
STELMAR Shipping is in the market for a new suitor after yesterday's lopsided 'no' vote by shareholders to the Fortress sale. Minutes after chairman Nick Hartley officially acknowledged the resounding defeat of Fortress' offer, independent board members solicited a meeting with company founder Stelios Haji-Ioannou, the man who personally engineered their defeat
- PSA eyeing HK facilities
SINGAPORE container terminal operator PSA International is said to have made an "aggressive bid" for a part stake in Hong Kong’s Asia Container Terminals
- Bomb hoax shuts Melbourne
A bomb hoax forced P&O's West Swanson Dock container terminal in Melbourne to be shut for four hours today
- Sinwa acquires Australian firms
SINGAPORE marine supply company Sinwa Limited seeks to make its first foray into Australia with the acquisition of three Australian companies
- Crushing defeat 'unprecedented'
THE crushing defeat of the Stelmar board on Tuesday is being dubbed an "unprecedented" event in corporate shipping history
- Stelmar decisively beaten
THE Stelmar board will decisively lose its bid to win approval of the Fortress sale
- Small gain for PD Ports
- Box rates not expected to collapse
- Passengers rescued from ferry fire
- Gulf of Mexico oil and gas increase
- Tanker blast: four missing
- China, Brazil in rail-for-soya deal
- CP Ships: post-05 outlook uncertain
- Broström buys out partners
- LA logjam spurs Hamburg-Süd cut
- Fredriksen strengthens Korea stake
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| NOVEMBER 16, 2004 |
- FedEx challenges DOT
Company plans to contest Department of Transportation order that demands repayment of $29 million in post-Sept. 11 aid to express unit.
- Box maker to double output
China's Singamas to build new factories, expand current facilities.
- Barshefsky to speak at JoC China Trade & Logistics Conference
- Crowley expands LatAm capacity
- Brownsville port director dies
- New chief for Indiana ports
- More cooperation for Canadian railroads
- IMO pressing for Malacca pilots
- NYK enters LNG market
- BNSF offers custom Web pages
- Intermodal, metals drive P&W increase
- Q3 loss for AirNet
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| NOVEMBER 16, 2004 |
- POP ties cargo to Antwerp as Cosco Pacific takes Deurganckdok share
P&O Ports (POP) signed a deal with Cosco Pacific today giving the Chinese company a 25% stake in Antwerp’s Deurganckdok with the Asian’s shipping division committing cargo to the terminal.
- CSCL mulls RTW withdrawal
China Shipping Container Line (CSCL) is considering withdrawing from the Round-The-World Westbound (RTW) service it started earlier this year in partnership with Gold Star Line (GSL) and Norasia.
- Hanjin’s freight index slips again
- Kodak set to sign deal with Kerry Logistics in Waigaoqiao
- Canadian railways expand network co-operation
- Grounding hits Bass Strait service
- Monitor says congestion erodes Australian productivity successes
- First 12,000TEU ships will be ordered within two years say GL
- Long Beach appoints new maritime services MD
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| NOVEMBER 16, 2004 |
- We want Stelios!
Activist shareholders demand victorious shipowner play a big part in determining Stelmar’s future.
- Stelios in Stelmar success
Founding shipowner scores early victory in bitter battle over tanker company takeover.
- Worldscale moves up
Tanker owners set to add to their wealth as the ratings for the New Year move higher.
- Bribe charge for Wartsila worker
Finnish engine maker says it was deceived over payments to third party for Gotland ferry units.
- Four feared dead in Brazil blast
Huge explosions rip through Ultragas tanker at Paranagua port, breaking ship in two and partially sinking it.
- Ship seizures hurt Nenaco
Philippine ferry owner emerges from restructuring to post nine-month loss.
- BC builds profit
Canadian owner improves performance in key summer months.
- Daesun cuts losses
But nine-month revenues dip at Korean boxship builder.
- Aker order book improves
Outlook for shipbuilding group improves despite high steel prices. Plans to axe 700 Finnish yards unchanged.
- Vroon rounds up more livestock
Dutch owner adds Corral Line carriers to fleet, following on from similar Labroy deal.
- Algeria toll set to rise
Hopes fade over fate of crewmembers missing from storm lashed Algerian and Turkish ships.
- Seyang logs profit
Korean timber carrier grows earnings and revenues in the first nine months of 2004.
- Kyoei up on exceptionals
Ship disposals and pension write-offs drive up interim profits at VLCC operator and NYK affiliate.
- Profits rocket at Inui
Japanese handysize bulker player sees a massive increase in interim results on the back of bulker boom.
- Forex factor hits Jutha
Foreign exchange gains last year and losses this year combine to cut 2004 third quarter profits.
- AMFELS inks rig repair deals
Keppel's US subsidiary secures repair work nearly $50m to repair and upgrade four jackup rigs.
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| NOVEMBER 16, 2004 |
- Miles sounds caution over potential industry downturn
- Atlantic trade holds back CP Ships' 3Q results
- U.S./Australia/NZ VSA cancels Los Angeles call
- DOT orders FedEx to repay $29 million
- Schneider National unveils stackable intermodal container
- Supreme Court remands NVO forum case after "Norfolk Southern" decision
- WTO starts negotiations on trade facilitation
- U.S. begins free trade agreement talks with UAE, Oman
- Ports of Portland, Vancouver to join forces
- Filipino operator ICTSI trebles profits
- Teofilo appointed head of maritime services at port of Long Beach
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| NOVEMBER 16, 2004 |
- Aker Yards dismiss RCCL advice
Aker Yard has dismissed outright the advice from Royal Caribbean Cruise Lines (RCCL) to build cruise ships in the Far ...
- New Norwegian Coast Guard vessels approved
The Norwegian Coast Guard will have five modern vessels built by private contractors and charter them in long term. Owners ...
- Port of Helsingør sold
The state owned port of Helsingør will be handed over to the municipal of Helsingør as from the end of ...
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