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| NOVEMBER 18, 2004 |
Shipping News
- HK port needs new terminal, cost cuts
HONG Kong will need a new container terminal by 2015 and must cut costs to stay competitive with the neighbouring Chinese port of Shenzhen, a government-commissioned study said.
- NYK, Russian firm to build 4 LNG tankers
NIPPON Yusen K K, Japan's biggest shipping company, and OAO Sovcomflot, a Moscow-based shipowner, have formed a joint-venture company to build and own four liquefied natural gas carriers, Nippon Yusen said in a statement.
- Thailand begins to scan boxes bound for US
THAILAND and the United States on Tuesday started a security initiative that scans containers bound for the US to prevent terrorist attacks.
- Fire damages Kolkata port
- Philippine operator's 9-month profit more than doubles
- A P Moller places order with Samsung for 2 LNG tankers
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| NOVEMBER 18, 2004 |
- HK handles over 18 million TEU through October
- Hamburg Sud change service due to WC congestion
- Barshefsky to address China logistics conference
- PSA moves more TEU over first 10 months
- 2005 won't be good, predicts top HK economist
- IMDG Code compliance is mandatory, warns TT Club
- Emirates reports record profit
- Air-India to introduce more US services
- Third Italian firm joins EGSAC
- FedEx best cargo airline, says magazine
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| NOVEMBER 18, 2004 |
- UK P&I Club looks for fitter crew in India
- Varun Shipping acquires 7th LPG carrier
- 15 lakh bales of cotton may be exported
- KoPT seeks MoS’ nod to acquire trailer suction dredger
- CFSs’ labour issues to be tackled today
- NSICT pendency comes down to ‘manageable’ levels
- Committee submits report
- Bigger deal for small units proposed
- Indian firms to help Iran develop port and railway projects; MoU signed
- 2 major steel producers hike prices
- Trade awaits clarification on DEPB applicability for third-party exports
- Industrial production records 7.9 pc growth in April-September
- Survey finds excellent export potential for technical textiles
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| NOVEMBER 17, 2004 |
- Petrobras to reopen terminal, bunker slick reported in Paranagua
Bunker fuel slick 'extending for miles' in Paranagua port area following explosion on Chilean methanol tanker Monday.
- Oil executive forecasts $28 per barrel crude
- Crude market mixed after contradictory US inventory reports
DOE figures show smaller-than-expected crude build and another draw on distillates, but crude prices eased after initial rally.
- DOE: US oil product stocks mostly lower
- Cargo realignment pushes Piraeus up
- South Korean suppliers expect spot prices to fall further
- First of four environment protection ships launched in Cape Town
Cape Town witnessed the launch South Africa's first environmental protection vessel yesterday.
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| NOVEMBER 17, 2004 |
- Port of Rotterdam goes electronic
- FMCSA presses carriers to verify driver hours of service
- Hellmann Worldwide Logistics serves cruise companies
- Kansas City Southern opens tank car loading rack at Heavener
- Boeing to launch 777 freighter
- Port development in Chabahar
- In memoriam Aldo Gatti, president of Ambrosetti Autologistics
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| NOVEMBER 17, 2004 |
- Stelmar shareholders reject Fortress bid
- Camillo Eitzen finalises Gibson deal, rejigs chemical operations
- Six dead after Brazil tanker blast
- Cosco buys into Antwerp Gateway
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| NOVEMBER 17, 2004 |
- Chemical industry seeks more offshore gas drilling
- TSA tests TWIC prototype
- OMI gets financing for vessel acquisitions
- Victory for Stelios
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| NOVEMBER 18, 2004 |
- EU Transport White Paper faces revamp
A COMPLETE review of the EU’s seminal work on transport policy will be published in the second half of next year, according to a top Brussels bureaucrat.
- Haji-Ioannou eyes Stelmar chair
STELIOS Haji-Ioannou expects Stelmar Shipping’s four non-executive directors to co-opt him on to the board, in a first move towards becoming interim chairman.
- Spitzer widens probe to include reinsurance
THE investigation by New York attorney general Eliot Spitzer into practices of the insurance industry is widening into financial reinsurance.
- Relief in sight as bunker and oil prices dip
BUNKER prices are falling on the back of declining oil prices, giving ship owners some relief from the high operating costs seen since oil climbed above $50 a barrel.
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| NOVEMBER 17, 2004 |
- Mangouras to leave Spain
PRESTIGE captain Apostolos Mangouras is to return home to Greece after a court in Galicia accepted in part a further appeal made by lawyers seeking his freedom
- Stelios sets Friday deadline
STELMAR founder Haji- Ioannou has demanded that independent directors install him as chairman and sack the chairman, chief executive and chief financial officer in the wake of the vote on the Stelmar-Fortress transaction
- FFAs overtake physical market
THE value and volume of forward freight agreements have overtaken the physical market for the first time, it was revealed today
- Shell sells Mexico Gulf pipelines
SHELL announced this morning the sale of its gas transmission subsidiary that controls a number of pipelines in the Gulf of Mexico
- LUKoil plans rail exports to Asia
LUKoil, which has become Russia's leading producer and exporter, has told Fairplay it is planning new exports by both rail and port shipment to China and Japan
- Paranagua blast: update
ONE body has been found but three people are still missing, feared dead, following the tragic incident on the chemical/oil tanker Vicuna in Paranagua, Brazil on Monday night
- No help for misled passengers
- Santos 'should drop bulk for boxes'
- Algerians investigate groundings
- New RTGs at Manila South Harbour
- Cocoa shipments are casualty of war
- Posco secures 100M tonnes of ore
- LA Council rejects Keller contract
- Camillo Eitzen drops tanker venture
- Fine for sunflower oil pollution
- Crushing defeat 'unprecedented'
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| NOVEMBER 17, 2004 |
- Testing for U.S. transport ID card
Department of Homeland Security launches seven-month test of single identification card for transportation workers.
- Global jam to slow trade: APL chief
Widdows says trade threatened by port and rail congestion not just in U.S. but worldwide.
- EU tariffs target U.S. anti-dumping law
- NOL's Lim to keynote Journal of Commerce 2005 Trans-Pacific Maritime Conference
- Dollar at all-time low against euro
- Hoffa wants probe in killing of union organizer
- More safety checks sought for Union Pacific
- CP Ships appoints execs
- China pledges $19B Argentina investment
- New cranes for Miami
- Moody’s ups MOL rating
- Management Dynamics supports NVO contracts
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| NOVEMBER 17, 2004 |
- Australian breakthrough in Chinese meat market
Australian beef, sheep and goat meat exports to China are set to increase following the Chinese Government's acceptance of Australia’s meat export inspection system.
- Feeders suffer as charter market maintains upward trajectory
- NZ export king in 20-year logistics deal
- Lines cry foul over Gothenburg security surcharges
- Inchon offers incentives to attract cargo
- Shanghai hits back at Yangshan detractors
- Rotterdam feeder terminal orders Fantuzzis
- City council rejects plan to rehire former LA port chief
- CP Ships reshuffles Atlantic management
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| NOVEMBER 17, 2004 |
- Trailer Bridge nails 9.25%
Company gets minuscule bond issue off the ground as investors come running.
- OMI ups dividend...
...and also secures knock-down pricing on latest loans.
- Finns strike Aker again
White-collar workers are on strike against planned job cuts by Aker Yards.
- Less red on Green
Norway's Green Reefers says it is losing less money.
- More Italian business for Minoan
Greek ferry operator pushes up market share in Venice and Ancona.
- Expensive break-up
The Stelmar auction debacle may have cost shareholders some $2.50 per share.
- Stelmar could reopen bidding
The Haji-Ioannous say over 80% of shareholders sided with them against the 'fat cats'.
- Eitzen plots chemical future
Norwegian owner Axel Eitzen reorganises tanker interests after quitting Copenhagen pool, and ties up Gibson Gas deal.
- Ferry passengers escape fire
More than 300 people rescued from blazing vessel off Dalian in China.
- NNC notches profit
Hot market propels Egyptian bulker player to big jump in profits.
- Body recovered from Vicuna
Chilean prosecutor to investigate blasts that sank tanker and killed up to four crew in Brazil.
- Third quarter lifts Jinhui
Bulker owner recovers from disastrous freight future losses in strong market.
- Axel exits Copenhagen Tankers
Camillo Eitzen & Co is parting ways with fellow founding partners of chemical tanker pool.
- Matson hikes Hawaii rates
US Jones Act container line to implement freight rate rise to help meet investment and service costs.
- Taiheiyo profits triple
Full fleet utilisation helps drive up interim bottom line at Japanese VLCC and bulker owner.
- Oglebay plan approved
US bankruptcy judge confirms Great Lake shipowner’s amended debt reorganization plan.
- Excel takes another bulker
US-listed bulker player is acquiring second twenty-year-old handysize bulker in as many weeks.
- Asimar turns it around
Exceptionals plus extra workload return stock-listed Thai shipbuilder and repairer to the black.
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| NOVEMBER 17, 2004 |
- APL’s CEO deplores West Coast congestion
- Container association formed to cooperate on standards
- Moody’s upgrades NYK ratings to ‘A3’
- FEFC implements St. Petersburg surcharge
- Stelmar stockholders reject takeover bid
- Cronos doubles earnings in third quarter
- Nordic American Tankers moves to NYSE
- OMB approves new FMC form on NVO contracts
- U.S. shipper, broker groups agree on model contract
- Management Dynamics introduces NVO software module
- Official says WTO will not ‘cave in’ to domestic textile groups
- CBP official clarifies pre-election statement
- Denmark’s defense ministry picks Savi to build RFID system
- SEKO names Iannacchione to head client program
- New book for supply chain professionals
- MicroFridge picks Ryder to integrate supply chain
- COSCO enters European port market
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| NOVEMBER 17, 2004 |
- "Superfast VII" out of service
Superfast Ferrie’s "Superfast VII" will be out of service to the end of November. On 12 November, the ferry was ...
- Port of Göteborg shelves ISPS fee
On 1 October, the Port of Göteborg in Sweden started to charge a security fee to cover increased costs for ...
- Swedish MPs want a common traffic inspection authority
A majority in the Swedish Parliament’s traffic committee wants to join the safety inspectorates for shipping, railway, road and air ...
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