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| NOVEMBER 25, 2004 |
Shipping News
- New vessel reporting system Down Under
AN upgraded ship reporting system for travelling through Australia's Great Barrier Reef and Torres Strait comes into effect on Dec 1.
- PSA denies submitting bid for Shell port project in India
PSA International yesterday denied an Indian newspaper report that it had made a financial bid for a stake in Royal Dutch Shell's proposed multi-cargo project at Hazira Port in India.
- Bulk rates rally on strong minerals, grain demands
PANAMAX dry bulk rates this week are up more than 20 per cent from a year ago, backed by strong Asian demand to ship iron ore and grains.
- Seattle box traffic expected to rise 16% this year
- Cosco, China power firm sign partnership deal
- Historic Gdansk shipyard seeks swanky new lease of life
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| NOVEMBER 25, 2004 |
- SITC launches four new routes
- Mainland firms not happy with 3PL services, survey shows
- NEW cargo handling record at Port of Seattle
- China's FDI to top US$62 billion
- CAAC and Cathay Pacific sign training agreement
- Five airlines bid for new China routes
- Air China's IPO share price estimated by analysts
- Qantas Xmas CD to help young cancer victims
- New lease of life for New York port
- Sea Giants get bigger
- Port of Oakland receives security grant
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| NOVEMBER 25, 2004 |
- China’s trade boom causes space crunch in main line containerships
- Golden Peacock awarded to SCI for excellence in corporate governance
- Multiport Ship Agencies Network to hold General Meeting in India from Nov. 27
- Bharati Shipyard IPO to fund expansion projects
- Baalu receives Rs 90 crore interim dividend cheque from SCI
- Chai cheers more countries, may log 9 pc export growth in 2004
- PM lays stress on modernisation of ports
- CONCOR’s CFS Vadodara racing towards completion next month
- Temasek acquires 10 pc stake in Gateway Distriparks
- India, Pakistan agree to set up joint study group for promoting trade
- Rising exports swell duty drawback claims & drain Excise Dept collections in H1
- Substantial hike in subsidy outlay for rubber exports in 10th Plan period
- Major procedural simplification steps to boost exports
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| NOVEMBER 24, 2004 |
- Cargo traders buoyed by tanker rate dip
- CARB steals march on US' EPA harbourcraft emission cuts
CARB jumps ahead of EPA mandate on harbourcraft, still working with EPA on introducing California SECA for ocean-going vessels.
- SMarT service launched to help meet Annex VI requirements
Fuel testing company Saybolt has launched a new three tier marine fuel testing service developed for low sulphur era.
- Crude prices dip briefly after rise in US inventories
US stocks of crude no cause for concern, but first distillate gain in 10 weeks nevertheless leaves slim supply.
- DOE/API: Key product stocks gain, crude mixed
- Piraeus supply stretched for larger parcels
Prompt supply possible for limited volumes but larger nominations need longer notice periods.
- Trader leaves O.W. Bunker Group
- South Korean buyers shun local bunker market
- Rotterdam barge market quiet this morning
- Petroval reports solid start despite Yukos uncertainties
Six months after its entry into the Rotterdam bunker market Petroval Bunker Services B.V. reports a promising start and says uncertainties at Yukos will bear no effect on bunker operations.
- OPEC revenues up 46% on high oil prices
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| NOVEMBER 24, 2004 |
- Teekay in LNG unit spin off
- Wartsila gets Korean LNG ship orders
- EMD meets EPA Tier 2
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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 25, 2004 |
- AP Møller turns its focus on Panama
AP Møller-Maersk has signalled its intention to develop its port and shipping business in Panama by creating a new regional head office for Central America and the Caribbean in Panama City.
- Teekay Shipping to spin off LNG transport division
Teekay Shipping has unveiled plans to float off its liquefied natural gas shipping business into a separate stock market listed company.
- Share buy-back could cost more than $150m
Teekay Shipping has become the latest tanker company to approve a share buy-back programme, writes Tony Gray .
- EU port services directive could scare off investors
SHARE prices of port developers could take a hit if the European Union port services directive is approved in its current form, the chairman of the Brussels industry association warned yesterday.
- US spends $14.8m on Belgian port security
Belgium and the US have signed an agreement to co-ordinate security at Belgian ports in order to detect illicit trafficking in nuclear and radioactive material, Bloomberg reports .
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| NOVEMBER 24, 2004 |
- Izar workers to disrupt PM visit
SHIPYARD workers from Spanish shipbuilder Izar plan to disrupt a visit by Spanish prime minister José Luis Rodriquez Zapatero to the Basque city of Vitoria.... Full story
- Teekay taking LNG public
TEEKAY Shipping will sell 22% of its new LNG division to the public through a listing on the New York Stock Exchange.... Full story
- Overtime ban at Mersey Docks
A REFUSAL by dock workers to work overtime will begin on 26 November at the Mersey Docks container base.... Full story
- Sabine chief exec guilty of dumping
A FEDERAL jury has convicted the chairman and CEO of US-based Sabine Transportation of illegally dumping fuel-contaminated grain into the South China Sea.... Full story
- Trasmed to order at Izar
- Seven bidders for Petronet contract
- Russian coal delay exaggerated
- Dredgers look to Indian flag
- UPAC completes winding up
- Fredriksen raises Korean interest
- AP Møller tightens grip on West Med
- PSA denies Hazira bid
- 'Mad cow' tests negative in US
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| NOVEMBER 24, 2004 |
- Postage may go up 10%: Report
The U.S. Postal Service will seek approval for a double-digit increase in postage rates early next year.
- FedEx: Asia business expanding
Company says India could eventually yield as much business as China does now.
- NIT League, TIA agree on model contract
- WTO holds off on U.S. sanctions
- New Jersey gets $103M for dredging
- LA holds emergency meeting over PONL suit
- FMC to decide Puerto Rico Ports' immunity
- Union Pacific-CN routing will avoid Chicago
- Forwarding innovator Robinson dies
- Make WTO more efficient, says EU trade chief
- China rail bottlenecks to continue: Report
- Aliança expands Andes capacity
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| NOVEMBER 24, 2004 |
- Ceres Paragon up for sale as NYK accepts failure
NYK’s terminal division has given up on Ceres Paragon and has put the terminal up for sale, with a number of operators interested in picking up the facility.
- Counting the costs: Chinese exporters could pay more at private terminals
The higher terminal charges levied by private terminal operators in Shanghai will end up costing shippers more than having to move cargo through the distant Yangshan Port.
- Strengthening charter market forsakes seasonal dip
- Canadian and US rail re-route cargo to beat logistics chain snags
- Spotlight falls on HK/Shenzhen cost gap again
- Contrasting results for ANZ transport giants
- Pan Continental deploys 818TEU ship on intra-Asia service
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| NOVEMBER 24, 2004 |
- TK storms to 52-week high
Shares buyback plan is second piece of welcome news for investors after Teekay unveils $130m LNG IPO.
- Stickle pickle turns sour
King of oil-grain cargoes faces prison after jury blames him for dumping in South China Sea.
- LR firmly in the black
UK class society builds surplus as newbuilding work increases.
- Teekay in LNG IPO
New listed vehicle will hold five suezmax tankers and all of company’s LNG assets.
- Tanker rates simmer
VLCC market comes off boil with holidays cooling the market, but owners still making serious cash.
- Bogazzi keeps on buying
Italian owner increases investment in lpg operator MC Shipping.
- Pan United pulls in tugs
Singapore yard wins two-ship deal as Swire Pacific steps up fleet renewal.
- Trapped crewman dies
Rescuers cannot save 23-year-old onboard listing tug off Gotland, as oil leaks from grounded bulker.
- Kuribayashi moves on up
Japanese ro-ro owner sticking to profit forecast as first-half earnings rise.
- Trasmed eyes Izar order
Spanish ferry owner could throw struggling state shipbuilder a lifeline with three-ship deal.
- CP Ships tries again
Embattled company has reactivated February bond issue sidetracked by accounting troubles.
- MOL bonds upgraded
Japanese line wins A+ rating.
- Tanker fire extinguished
Blaze in the accommodation of the laden aframax Genmar Progress doused by crew.
- NATS completes equity offering
And starts a new life on the New York Stock Exchange.
- Kiwi ports face shutdown
Maritime Union of New Zealand will act if casual labour brought in from overseas.
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| NOVEMBER 24, 2004 |
- CKYH alliance adds Shanghai/Boston link
- Multinational sea exercises focus on WMD
- OOCL adds ship to Baltic service
- CP Ships notes fully tradable again
- Lufthansa names LAN Cargo as Americas handling agent
- USDA reports mad cow test comes up negative
- Homeland Security, EC officials discuss cooperation on security
- USDA predicts slowing agricultural exports
- Los Angeles port in emergency session about P&O Nedlloyd legal case
- APL port arm leaves Maritime Security Discussion Agreement
- Seattle air/sea ports set aside nearly $1 billion for 2005
- Delaware ports and ILA sign six year agreement
- Port of Vancouver, Wash. sets 2005 budget
- Jones resigns as director from Fraser River Port Authority
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| NOVEMBER 24, 2004 |
- New letters of intent for TTS Ships Equipment
TTS Ships Equipment in Göteborg has signed letters of intent, to a total value of approx. SEK 95 million, to ...
- Donsötank in new tanker and bulker deals
The Swedish tanker and bulker operator Donsötank has confirmed an order for a sister vessel to the tanker currently under ...
- "Rocknes" accident coud have been avoided
Lack of updated navigational information caused by insufficient communication between the Norwegian Coastal Administration (Kystverket) and the Norwegian Hydrographic Service ...
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