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| NOVEMBER 29, 2004 |
Shipping News
- Don calls for govt-level intra-Asian maritime forum
A government-level, intra-Asian forum aimed at forging Asian consensus on important global maritime issues would help strengthen Asia's diminutive voice at the International Maritime Organisation , a visiting maritime academic said recently.
- Oil spill in Delaware River threatens wildlife
A tanker spilled 115,000 litres of crude oil into the Delaware River between Philadelphia and southern New Jersey, creating a 32 kilometre long slick that threatened fish and birds, Coast Guard officials said on Saturday.
- US cruise lines start to clean up their waste
CRUISE lines, after years of sparring with environmentalists, the coast guard and federal prosecutors, now say they are voluntarily cleaning up.
- Bangladesh faces freight charge hike
- Boost for anti-piracy operations
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| NOVEMBER 29, 2004 |
- NYK's credit rating upgraded
- "K" LINE to close down European subsidiary
- Exports of TVs high from Shenzhen
- Study says best location for new HK terminal is Lantau
- Record growth at the Port of Seattle drives up investments
- Part of the Taiyuan-Macau Highway completed
- Chinese fleet heading for professionalism, says report
- Eva Air orders additional Airbus
- US Airways creditor offers cash lifeline
- TGB to develop Asia Pacific cargo express service
- Monitoring of air-cargo hazardous shipments plagued by problems, says gov't watchdog
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| NOVEMBER 29, 2004 |
- James Mackintosh celebrates 150 years of service to maritime industry
- IRS to promote IRCAP to global tanker operators at SMEM 2004
- Martek Marine to unveil safety monitoring system
- Mercator to acquire used Suezmax tanker
- Oil tanker rates may rise on short supply of vessels
- Exim Bank extends $ 19 m credit to Guyana
- MbPT invites bids for construction of container berths, terminal
- New Mangalore Port attracts more container cargo
- Korean steel giant, Posco, sizes up Paradip Port facilities
- CoPT Board approves DPI’s revised proposal for sops to complete ICTT in 4 years
- PSA not in fray for Hazira port project
- Port Authority of NY/NJ to fund New Jersey’s 9/11 memorial
- Manufacturing competitiveness council list of members ready
- Cabinet nod for ISPS code implementation
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| NOVEMBER 26, 2004 |
- Belgium: Contaminated fuel taken out of circulation
Supplier says fuel batch has been removed from market after confirmation of polystyrene contamination.
- Yukos facing 'total destruction' management warns
Management of the once-mighty Russian oil giant Yukos have all but given up saving the company's remaining assets after the forced sale next month of its core oil production unit.
- Winter creeps into the Baltic
Supply looked healthy around the Baltic at the end of this week with market largely firmer.
- Singapore ex-wharf player denies supply interruption
- Rotterdam holds firm early afternoon
- ARA gas oil stocks dip, fuel oil rises again
Local refinery problems and increased end-user buying draw on gas oil inventories, while fuel oil stocks continue at solid levels.
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| NOVEMBER 26, 2004 |
- FDA programme to put more RFID tags in freight stream
- General strike in Italy on 30 November
- Cargo-Partner opens third subsidiary in Romania
- Russian Railways has thousands of railcars stuck in ports
- KLM to serve Khartoum and Addis Ababa
- Cooperation between Smyril Line and Fjord Line?
- Espo appoints Gallanti as new chairman
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| NOVEMBER 28, 2004 |
- Baltic Dry scales new heights
- Spinnaker and Eurofin in JV
- Transas to provide Londonderry’s VTS system
- London Club’s China membership continues to grow
- Maersk "worth US$150m p.a. to Panama"
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| NOVEMBER 28, 2004 |
- Delaware spill leaves 20 mile slick
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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 29, 2004 |
- Restis weighs up options for another bid to buy Stelmar
Greece’s Restis Group has revived its interest in acquiring Stelmar Shipping, the tanker company whose shareholders rejected a $700m takeover bid from Fortress Investment.
- Bahamas flag report on Prestige tanker disaster ‘imminent’
PUBLICATION of the long-awaited flag state casualty investigation into the sinking of the Prestige is imminent, the Bahamas Maritime Authority has confirmed, writes Hugh O’Mahony.
- Transpetro maps out $2.5bn fleet renewal programme
TRANSPETRO, the tanker and logistics arm of Brazilian oil giant Petrobras, has opened the tender process for the first phase of a $2.5bn newbuilding programme.
- Yukos in chaos as tax bill spurs bosses to flee
TROUBLED Russian oil giant Yukos is facing melt down after its management fled Russia fearing arrest and a huge back tax demand of more than $25bn.
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| NOVEMBER 26, 2004 |
- Spain’s post-Prestige safety focus
SPAIN is creating a new maritime salvage plan aimed at preventing disasters such as the sinking of the Prestige, Public Works Minister Magdalena Álvarez has announced
- EU disputes Korean WTO victory
EU trade officials have disputed leaked claims that the World Trade Organization is set to rule in favour of South Korea in the long-running shipyard subsidies dispute
- Moby to sue Rolls Royce
SHIP operator Moby Spa of Italy is to sue Rolls-Royce over deficient propeller blades supplied by Rolls-Royce subsidiary Kamewa of Finland
- Dry markets hit new highs
PANAMAX rates have broken their record highs set earlier this year after an extraordinary weekly leap in the BPI of 666 points, nearly +13%
- Philippines cabotage still closed
THE Philippines is not ready yet to relax its cabotage law even if the country wants to attract foreign investors in domestic shipping
- Greek ferries fight state control
GREEK ferry operators have threatened to immobilise their ships indefinitely next March unless the market is fully liberalised
- Cochin agrees DPI proposals
- IOC to invest $1Bn in Iran LNG
- Extra time for Izar
- Iran makes overtures to Pakistan
- NOL sells Lorenzo stake
- New Mumbai tender offer
- ESPO warns EU on port directive
- Hanjin denies Carlyle rumour
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| NOVEMBER 26, 2004 |
- Pudong Railway will be ready to connect Yangshan Port
Phase I of the Pudong Railway is expected to be operational by the end of 2005 just as the five berths at Phase I of the Yangshan Port are completed.
- Unhappy Canadian shippers criticise 2005 Atlantic rate rises
Canada’s shippers today expressed ‘serious concern’ over large freight rate increases announced by Canadian North Atlantic conferences that will be implemented in three stages in 2005.
- Australia-SE Asia trade slates 2005 rises
- China and ASEAN to step up transport co-operation
- Taiwanese steel producer raises prices
- Rail boost for Fremantle
- Positive 2005 volume growth for Bintulu Port
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| NOVEMBER 26, 2004 |
- Moby to sue Rolls Royce
Italian ferry owner to seek $38m compensation over alleged propulsion problems.
- Golden future for Stelmar?
Victor Restis takes another look at up-for-sale tanker company following shareholder rejection of $703m Fortress bid.
- Baltic index hits new record
Main dry bulk signifier breaks 5,800 barrier for first time.
- K Line takes Luxembourg hit
Decision to close overseas investment company costs Japanese owner JPY 2.8bn.
- DFDS picks it up
Latest quarter transforms nine-month result for Danish ferry group.
- Sweden hints at tonnage tax
Shipowners may get valuable Christmas present from finance ministry.
- Solitaire hits SembCorp
Share price of Singapore shipbuilder falls as it loses key battle in $490m bulk carrier conversion dispute.
- Keppel seals Bergesen deal
Singapore yard wins eight-month contract to convert and upgrade FPSO Berge Helene.
- Aqaba congestion improves
Boxship group EMERA cutting surcharge at Jordanian port.
- Ultrapetrol wins bondholder vote
South American owner gets green light to redeem older, costlier bonds.
- Hanjin ends Carlyle talks
Discussions between South Korean owner and US investment group over sale of terminal assets break down over terms.
- Bharati set for IPO
Indian shipbuilder and ship repairer looks to listing to raise cash to fund expansion plans.
- Korea claims WTO victory
In controversial leaked report, trade body rules loans to country's yards in the nineties were legal.
- Seafarer feared overboard
Worst feared as cadet on tanker Jag Pratap goes missing during transit of English Channel.
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| NOVEMBER 26, 2004 |
- Montreal/Europe carriers seek multiple rate rises
- Sabine Transportation CEO convicted in oil dumping case
- MSC makes changes to Americas services
- Hyundai expands tanker business
- Alianca adds two ships to South America coastal link
- "K" Line closes Luxembourg subsidiary
- Report: Air China IPO to raise $1.1 billion
- UPS Canada strike ends
- Another intermodal traffic record for U.S. railroads
- Schenker gets "A class" license for Shanghai office
- FMC reviews 9 OTI licenses
- USDA helps Georgia shrimpers, not for catfish farmers
- Carlyle shows interest in Hanjin terminals
- Inbound box traffic down again in L.A.
- Long Beach calls ended in MSC’s Asia/West Coast/U.S. East Coast link
- APM, AKWA consortium win Tangiers port concession
- Indiana port Burns Harbor reports highest tonnage month since 1970
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| NOVEMBER 26, 2004 |
- "Casino Express" aground
The car and passenger ferry "Casino Express" drifted aground outside Umeå on Wednesday evening. The ferry was being assisted by ...
- Gotland prepares for oil spill
There is more oil in the sea than expected after the grounding of the 33,680-DWT bulker "Polo M" off ...
- Shipyard bankrupt - no catamaran to Bornholm
Christiansøfarten ApS, ferry company with routes to and from Bornholm, will not get a newbuilding next year as planned and ...
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