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| NOVEMBER 24, 2004 |
Shipping News
- IMO to hold high-level meet on straits security
WARNING of the immense costs resulting from any closure of the straits of Malacca and Singapore, the International Maritime Organisation is convening a high-level conference in Jakarta next year focusing on threats to the waterways.
- PSA bids for Gujarat port project: report
PSA International appears to be taking another stab at securing a stake in an Indian port venture with the submission of a financial bid for Royal Dutch Shell's proposed LNG and dry cargo port project in Gujarat.
- China must liberalise intra-port policy to develop hub: lines
CHINA should end its ban on overseas vessels carrying containers between Chinese ports to enable Shanghai to become a proper international hub, according to some of the world's biggest container shipping lines.
Strait Talk
- First teach them lane discipline in the strait
NEWS that the International Maritime Organisation plans to convene a high-level conference in Jakarta next year to 'consider ways and means of enhancing safety, security and environmental protection in the straits of Malacca and Singapore', is certainly welcome.
Port Shots
- Posco to buy 2.2% of Korea Line
Posco, South Korea's biggest steel maker, said it will buy 2.2 per cent of Korea Line Corp, in a move that may help the shipping line fend off any takeover attempt by the UK's Golar LNG Ltd.
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| NOVEMBER 24, 2004 |
- AADA raises bunker surcharge
- New container terminal planned for Jinzhou
- Remote controlled trains offer increased safety says expert
- Ningbo Customs reports more than one million cell phone cameras imported
- MOL to open two offices in Russia
- PSA in another tussle for HK port
- China Shipping joins Sundex
- Gloomy outlook for freight transport, US study reveals
- Malaysia throughput expected to increase 11.7pc in 2004
- American Airlines delay purchase of Boeing aircraft
- Vietnam Airlines to buy 10 new aircraft
- Emirates launches more flights to France
- Out of Africa to Changi
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| NOVEMBER 24, 2004 |
- EFL International develops website for the disabled
- India, Bangladesh optimistic of doubling trade in near future
- China set to emerge as major market for cotton yarn
- Tyre exports roll up to impressive heights
- ITA status paper predicts sharp rise in tea exports to W. Asia, Africa
- Ficci signs MoU with Brazil trade body
- PSA, DPA among several in fray for stake in Hazira port project
- Dhamra port comes across red signal at ‘Green’ junction
- Railways’ freight earnings increase by 9 pc in H1
- ICD-Nagpur well on way to achieving fiscal throughput target
- CONCOR to provide more rakes, increased services to/from gateway ports, ICDs
- Forex reserves swell by $ 1.314 bn
- CEU opposes shipping lines’ move to impose congestion surcharge
- Sectoral import duty cuts to lower input costs for manufacturing sector under study
- Dual pricing policy for steel cleared
- Pharmexcil signs MoU with Philippine body
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| NOVEMBER 23, 2004 |
- China understating oil demand says Merrill Lynch
China's demand for fuel oil and diesel will remain robust in the next couple of years because of an electricity shortage, says 124-page report.
- Petrobras: Rio IFO380 supplies at weekend, IFO180 dry
- Reports: Lanka IOC to invest $15m in new bunker terminal
Sri Lankan daily reports that Indian Oil Corp. subsidiary is planning to build new bunker storage tankfarm.
- Five companies hit by negligence fines in Paranagua
Five companies hit by minimum fines of $2.3 million for failing to take effective steps following the explosion of the Chilean chemical tanker Vicuna last week.
- West to East arrivals for January expected to exceed 2.5 mil mt
Traders in Asia are expecting fuel oil arrivals in January to exceed 2.5 million metric tonnes as players take advantage of wide price differentials.
- US: Record $10 million fine imposed on barge owner after spill
A federal judge this week approved a record-breaking $10 million fine on a New York based barge company after it was found guilty of negligently causing a spill of bunker C fuel oil.
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| NOVEMBER 24, 2004 |
- Multiport Conference in India
- Donaldson offers diesel emissions info web site
- Official price index for diesel fuel in France
- New Irish member for Eurofreight Umbrella
- EIB loan for new motorway section in Slovakia
- Aviareps opens second Italian office
- Barwil expands into Peru
- Air Charter Service opens New York office
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| NOVEMBER 24, 2004 |
- American Club raises premiums 10%
- Eletson and LR in wide-ranging deal
- Ship Finance buys back more shares
- Aker wins Volstad outfitting work
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| NOVEMBER 24, 2004 |
- Port of Vancouver, USA budget holds $15 million for capital investments
- Columbia deepening channel nets $9 million in federal funding
- WPPA slates host of events for Annual meeting in Bellevue
- Port of Seattle breaks record for containers moved during year
- Ebeling, Magee accept AOTOS awards for 2004
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| NOVEMBER 24, 2004 |
- Fire extinguished on General Maritime aframax
CREW members have successfully extinguished a fire aboard General Maritime's GenMar Progress which broke out today in the accomodation.
- CMA CGM quartet in 1,000 teu stretch
CMA CGM is to acquire some of the largest containerships in the world at a bargain price by ‘jumboising’ four super post-panamaxes that are currently on order.
- Posco tries to keep Fredriksen at bay by grabbing Korea Line stake
KOREAN players seem determined to stave off John Fredriksen’s acquisitive gaze at Korea Line, with another leading member of the corporate establishment buying shares in the anxious shipping company.
- NSL puts bonny new company on Clyde
MERSEYSIDE-based Northwestern Shiprepairers (NSL) has expanded its operations into Scotland with a new subsidiary company based at the Inchgreen shipyard on the Clyde.
- MBC orders four tankers from Dalian
THE Robert Kuok-owned Malaysia Bulk Carriers has opted to head for northern China for a set of double hulled product carriers. MBC is paying $130m for four 35,000 dwt ships to be built at Dalian Shipyard.
- Rotterdam tanker dues legal fight
ROTTERDAM is locked in a legal battle with its oil major customers who are claiming repaid port dues of up to €300m ($390m), in a Dutch court case that could set an uneasy precedent for port authorities worldwide.
- Ship Finance buy-back spree
FRONTLINE ’s tanker owning subsidiary Ship Finance International has wasted no time in implementing its newly approved share buy-back programme, writes Tony Gray .
- Zim earns $39m in third quarter
ZIM Integrated Shipping Services posted a third-quarter profit of $39m, parent company Israel Corp said yesterday, writes Janet Porter.
- Transpetrol in buyout
TANKER operator Transpetrol has bought out the 50% stake held by Barber International in their Sandefjord-based shipmanagement joint venture, Transpetrol ITM, writes David Osler.
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| NOVEMBER 23, 2004 |
- Fire aboard fully-loaded tanker
A FIRE broke out in the accommodation area of the 96,765dwt tanker GenMar Progress at 1320 UTC today after the vessel exited the Dardanelles Strait
- Dhamra faces green resistance
GREENPEACE and the Central Empowered Committee of India’s Supreme Court have opposed the Dhamra port project on environmental grounds
- US bill holds threatend tariffs
THREATENED tariffs against the US were forestalled when Congress approved a ‘catch all’ trade bill in a session that addressed such issues as US anti-dumping laws
- Russian fleets report growth
- Fjord Line to shed 350 staff
- Stelmar board seeks compromise
- American Club explains 05/06 rise
- Aliança upgrades Andes service
- Marina unveils flag incentives
- Ghost fleet funding approved
- CNAN to sue over storm claims
- Majors eye Shell port potential
- Rising costs prompt feeder hike
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| NOVEMBER 23, 2004 |
- P&O Nedlloyd sues LA port
Carrier in petition charges aide to Los Angeles Mayor James Hahn intervened to keep them from receiving a lucrative harbor lease.
- Tentative deal in UPS Canada strike
Strike by 3,800 employees began Monday, interrupting shipments.
- CMA CGM orders 9,000-TEU ships
- New EU trade chief urges effort on accord
- Lardy headlines JoC China Trade & Logistics Conference
- Six-year longshore pact for Delaware River ports
- Oregon dredging gets funding boost
- NC Ports get $33M in federal funds
- Fla. terminal extends hours
- Canada could hit U.S. with tariffs
- CP Ships resets debt sale
- Malaysia pushing cargo role
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| NOVEMBER 23, 2004 |
- Patrick flays ACCC over stevedoring position
Patrick chief Chris Corrigan has attacked the Australian Competition and Consumer Commission (ACCC) over ‘misleading and deceptive’ claims about a supposed loss of waterfront reform momentum.
- New member lines boost EWATA ranks
- Derailment hits Australian east-west rail services
- APMT secures Tangier concession
- OOCL protects winter schedules with fifth Baltic vessel
- Inefficient rail and high road tolls push China logistics costs up
- SITC announces four new intra-Asia services
- China cargo boosts Seattle to record volumes
- Odessa terminal will be Black Sea’s biggest
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| NOVEMBER 23, 2004 |
- Making his list
Stelios Haji-Ioannou is drafting a list of board nominees just in case there is no Stelmar sale.
- CP Ships takes second try at 20-year notes
Embattled company has reactivated registration of bonds issued in February but sidetracked by accounting troubles.
- LauritzenCool wins ruling
Reefer operator accused of illegal cartel activity secures injunction to retain high specification vessels in pool.
- Tanker fire extinguished
Blaze in the accommodation of the laden aframax Genmar Progress doused by crew.
- Fesco lines pockets
Russian containership line increases profits again in the first nine months of the year.
- STX ready to sell Pan Ocean
Korean shipbuilder and affiliates to reduce stake in recently acquired bulker owner by nearly half.
- LGR splashes out on water
Italian tanker owner Carlo Pontecorvo buys mineral water company Italaquae.
- Bharati looks to raise $18m
Private Indian shipyard will float 55% of the company in next month's IPO.
- American Club opts for 10%
Market level increase seen as sufficient after members hit with $25m cash call.
- It’s a family affair
The junior Georgiopouloses and Stolt-Nielsens engage in a bit of share trading.
- MBC augments tanker fleet
Robert Kuok-controlled Malaysian owner has ordered four products carriers at Dalian Shipyard in China.
- Aker Langsten avoids lay-offs
Outfitting work for Volstad will keep workers at Norwegian yard for Christmas.
- Posco buys shipping stake
Top steelmaker moves to strengthen Korea Line’s defence against John Fredriksen.
- Groundings in Baltic weather
A local tug and an AM Nomikos bulker are in trouble off Gotland.
- Sasebo still ahead
First-half profit wipes away red ink at Japanese yard, but second quarter saw a dip.
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| NOVEMBER 23, 2004 |
- CMA CGM to "jumbo-ize" four 8,200-TEU ships
- China Shipping replaces APL as vessel provider on Asia/Europe link
- Europe/West Africa carrier raise Cote d'Ivoire risk surcharge
- Carriers add Mundra to Asia/Middle East/Indian sub loop
- Teamsters reject Maersk assistance on murder investigation
- Strike slows UPS shipments in Canada
- American Airlines defers Boeing deliveries
- UPS names new U.S. operations chief
- Norfolk Southern auto train derailed
- Schenker appoints U.S. executives
- Koch seeks seal regulation to augment C-TPAT
- EU trade chief meets with WTO
- Transpacific diversions from L.A.-Long Beach confirmed
- Rotterdam dockworkers protest cargo handling by seafarers
- Port of Seattle's traffic soared 42% in October
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| NOVEMBER 23, 2004 |
- "Rocknes" pilot not to blame for accident
An internal investigation in the Norwegian Coastal Administration (Kystverket) after the "Rocknes" accident does not blame the pilot for the ...
- Barber leaves Transpetrol ITM
Barber, the Wilh. Wilhelmsen ship management arm, is to leave the joint venture with Belgian Transpetrol, Transpetrol ITM, but will ...
- "Dane" picks up Dane in Norwegian waters
The Danish owned "Esvagt Connector", now under Norwegian flag and in bareboat charter to Kystvakten in Norway, was acting as ...
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