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| NOVEMBER 26, 2004 |
Shipping News
- Fixing piracy problem could ease maritime terror threat
THE threat of a major terrorist attack on shipping or port facilities in regional waters can be greatly reduced by solving the persistent problem of piracy, said a Singapore-based security expert yesterday.
Admiralty Casebook
- Canada court rejects seizure of SCI ship
A CANADIAN judge last month upheld a decision that a vessel owned by the Shipping Corporation of India cannot be seized to satisfy a long-standing judgment debt of the Indian government just because the latter is a substantial shareholder of the SCI.
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| NOVEMBER 26, 2004 |
- MOL's bond rating upgraded
- Largest railway logistics centre opened W China
- Mainland freight surges with growth in economy
- Plea for mainland logistics firms to be more competitive
- Guangdong's imports of cotton up 210 per cent
- NOL sells its stake in Lorenzo Shipping
- Oakland Port gets OK for deeper harbour
- APM and AKWA build new container terminal in Tangiers
- NZ's Ports Of Auckland container volume down
- Boeing hard sell on 777 cargo plane
- Airbus announces rival to Boeing's 7E7
- Thailand gives initial nod to buy jets
- MAS takes delivery of new Boeing 777-200 ER
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| NOVEMBER 25, 2004 |
- Transpetro launches $1.9bn tanker newbuild programme
Shipping arm of Brazil's state owned oil company Petrobras has unveiled a huge newbuilding programme.
- PDVSA Deltaven closing in on new markets
Return to Panama bunker market the highest profile expansion plan as company reveals ongoing discussions to move into several Caribbean markets.
- Singapore maintains position as key Asian trading hub
The emergence of Shanghai as a commodity trading hub poses no near-term threat to Singapore's leading status.
- Italian avails continue tight
Suppliers extremely limited in the size of the enquiries they can quote for at most major ports.
- High prices and low avails hamstring Tokyo spot market
Some players expect to sell out for the rest of the year soon even as many buyers opt for smaller stems.
- Rotterdam/Antwerp trade markets nearly level this morning
- ENOC to expand into Jebel Ali market
ENOC Bunkering (Fujairah) LLC has decided to take advantage of increased traffic through Jebel Ali to expand its bunkering service and infrastructure in the port from next month.
- Singapore: Onshore fuel oil and distillate stocks rise again
- Reports: Hiatus for major Singapore ex-wharf player
One of Singapore's largest players in the 380 centistoke (cst) ex-wharf market is reportedly out of the market until the end of the year.
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| NOVEMBER 25, 2004 |
- Acculeon launches system to track real-time violations
- Three US borders crossings to test security measures
- Röhlig and Gebrüder Weiss expanding in Dubai
- Green Cargo continues to invest heavily
- American Airlines postpones huge Boeing order
- Ecu-Line offers on-carriage to Mongolia
- Three senior Aer Lingus managers resign
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| NOVEMBER 25, 2004 |
- "Let’s get together," says ABS
- ESPO renews criticism of EC ports directive
- LR income up 12%
- IRS running new Indian shipping control centre
- MOL bonds rating upgraded
- Novatug wins new order
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| NOVEMBER 26, 2004 |
- Seattle Port Commission Oks budget for 2005
- Lynden International opens new operation in Portland
- Port of Portland schedules sediment cleanup meetings
- Port of Portland director heading trade mission to Vietnam
- Washington State Ferries putting lifts on older vessels
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| NOVEMBER 26, 2004 |
- WTO 'rules against' EU shipbuilding subsidy claims
EUROPEAN shipbuilders have reacted with irritation to South Korean government claims that the World Trade Organisation (WTO) has ruled in their favour in the subsidies dispute.
- Both sides welcome WTO findings on illegal yard aid
Both sides in a bitter shipbuilding dispute, provoked by European Union accusations that South Korea has granted unfair subsidies, are claiming to take some comfort from an interim report into the issue by the World Trade Organisation.
- Hanjin scotches ‘rumour’ of Carlyle Group terminal purchase
HANJIN Shipping, along with its trading group, vociferously denied yesterday that it is in talks with the private equity investor, the Carlyle Group.
- Port delays fuel Baltic index record
THE BALTIC Dry Index rose 108 points to hit a new a high of 5,734 yesterday as port delays and revitalised Chinese iron ore demand combined to tie up tonnage.
- Thenamaris founder Martinou wins at first Greek Shipping Awards
THENAMARIS Ships Management founder Athina Martinou was named Greek Shipping Personality of the Year for 2004 last night as several leading figures in the industry were among those honoured at the first Lloyd’s List Greek Shipping Awards in Athens.
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| NOVEMBER 25, 2004 |
- WTO verdict 'to favour Koreans'
SOUTH Korea says there are strong indications that the World Trade Organization would rule in its favour regarding the EU’s complaint over alleged shipyard subsidies
- Aker's Finnish yards on strike
A STRIKE by 2,000 workers at Aker Yards’ three shipyards in Finland began at 1200 local time yesterday, with staff expected to return to work tomorrow morning
- Oil loading trouble at Vysotsk
THE fight between LUKoil, Transneft and RZD as renewed this week as LUKoil complained it has been unable to meet planned tanker shipment targets
- Asia’s first freight futures exchange
AN agreement to set up Asia’s first exchange for trading freight futures has been signed today between the Baltic Exchange and the Multi Commodity Exchange of India
- Iran, India fail to resolve LNG price
IRAN and India have failed to agree a price for a prospective deal under which Iran is to sell India 5M tonnes of LNG a year
- Indians set up cadet training trust
SHIPPING companies in India have agreed to set up a Maritime Training Trust to fulfil their financial and social obligations under the new tonnage tax regime
- Brazil cabotage booming
- ABS calls for greater co-operation
- LR back in black for 2003-04
- Swedish ferry runs aground
- Shell concerned by LNG guidelines
- Pakistan seeks private interest
- Zapatero calls for calm over Izar
- Privatisation push at Port of Spain
- Mexico faces rising LNG imports
- Conoco 'not responsible for spill'
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| NOVEMBER 25, 2004 |
- Danes set to move in on the Latin quarter
AP Moller has created a new regional head office in Panama City for its operations in Mexico, Central America and the Caribbean and is eyeing its own regional terminal.
- PONL persists with LA ‘Green’ terminal law suit
The Port of Los Angeles plans to move forward with its bidding process at the former Matson terminal, despite a court challenge from P&O Nedlloyd (PONL).
- Neelie Kroes steps down in key competition cases
- Lack of partners? Norasia could go it alone in new Asia/Europe loop
- KNFC reconfirms service reduction between Korea and Hanshin
- APMT secures Tangier concession
- JCR upgrades ratings for MOL and NYK bonds
- China Merchants enters Fujian tugboat JV
- French line stretches newbuilds
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| NOVEMBER 25, 2004 |
- Ultrapetrol wins bondholder vote
South American owner gets green light to redeem older, costlier bonds.
- Transpetro opens $1.9bn tender
Brazilian owner invites yards to pre-qualify for massive 42 ship modernisation and expansion project.
- Bharati set for IPO
Indian shipbuilder and ship repairer looks to listing to raise cash to fund expansion plans.
- Carlyle eyeing Hanjin?
US investment group’s name pops up in connection with sale of Korean shipping line.
- Tonnevold adds reefer
Norwegian owner will look for KS partners for its latest Japanese purchase.
- Cargo record for Prisco
Russian tanker owner’s expanded fleet reaches another high in the first 10 months of 2004.
- Western Bulk to change course
Tonny Thorsen leaves with immediate effect as shareholders develop new ambitions for handymax operator.
- Ferry hits rocks
No one hurt but sailings suspended after RG Line ship damaged in strong winds off Sweden.
- Earnings up at Halim Mazmin
Malaysian bulker owner piles on profits in first nine months in strong bulker market.
- Aker hit by strike
Workers at the Turku cruiseship yard walk out over threatened job cuts.
- TK storms to 52-week high
Shares buyback plan is second piece of welcome news for investors after Teekay unveils $130m LNG IPO.
- NOL exits Lorenzo
Singapore owner sells out of protege it helped move into box shipping in 1990s.
- Stickle pickle turns sour
King of oil-grain cargoes faces prison after jury blames him for dumping in South China Sea.
- Pacific Basin reels in resale
Hong Kong owner snaps up second newbuilding in Japan as its rapid fleet growth continues.
- Teekay in LNG IPO
New listed vehicle will hold five suezmax tankers and all of company’s LNG assets.
- Mercator buys suezmax
Share price rises further as investors enjoy mix of profit growth and fleet expansion.
- DOF does the business
Norwegian offshore shipowner increases earnings in first three quarters.
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| NOVEMBER 25, 2004 |
- Swedish government looks into tonnage tax
The Swedish government has decided to investigate a Swedish tonnage tax system. The investigation is to be carried out speedily ...
- Start of the ice-breaking season
On Thursday morning, "Kontio" departed as the first of the Finnish icebreakers to assist vessels on route for Torneå and ...
- Color Line also likely to flag out
Norway’s biggest ferry operator Color Line will flag out, most likely to Denmark, if the net wage arrangement is not ...
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