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| NOVEMBER 30, 2004 |
Shipping News
- UK's shipping revenue seen way above £1b estimate
THE financial contribution of maritime services to the United Kingdom's economy vastly exceeds researchers' estimates of 1 billion a year in foreign earnings, with a booming US$30 billion freight derivatives market and high ocean freight rates.
- Shipowners call to intensify fight against piracy
SWIFTER, stronger and more effective action by the littoral states in fighting piracy in the Malacca and Singapore Straits was called for by the Federation of Asean Shipowners' Associations during its annual meeting here last week.
- India to spend US$17b on infrastructure
INDIA's government plans to spend at least US$17 billion to upgrade roads, airports and ports by 2010, in an effort to make it easier for exporters to do business in Asia's fourth-biggest economy.
- NOL sells stake in Philippine inter-island cargo operator
Port Shots
- US$155m tanker loan to Oman, Mitsui
THE Omani government and Mitsui OSK Lines Ltd, Japan's second-largest shipping company, have received a US$155 million loan to finance the purchase of a liquefied natural gas tanker.
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| NOVEMBER 30, 2004 |
- Ningbo Port to undergo massive expansion
- Swiss forwarding group obtains mainland Class A licence
- Port of Darwin hosts first vessel from Shanghai
- BAX Global wins contract from Samsung Electronics
- IMO to stage 2005 security conference in Jakarta
- Cargo volumes rise at Indian ports
- 22 outfits in the run for first Dubai awards
- Guangzhou challenges Hong Kong over hub alliances
- Future looks rosy for Asia Pacific airlines
- Lufthansa moves to strengthen market position in China
- US Airways flight attendants threaten strike
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| NOVEMBER 30, 2004 |
- China Shipping joins Sundex service
- Hamburg-Sud changes service due to US WC congestion
- AP Moller places order with Samsung for 2 LNG tankers
- Newbuilding for Safmarine named
- ANZDL wins Lloyd’s Customer Service Award for 8th time in 9 years
- AADA raises bunker surcharge
- Tianjin port to be in top-10
- MSC approved by Port of Marseilles
- Tianjin to Beijing in 30 minutes by 2007
- Labour cost for shipbuilding lowest in India: Study
- Port Chairmen told to draw up major expansion plans, says Baalu
- MoS offers ‘compromise formula’ to ship LNG to Hazira
- LNG companies’ plea to bring in tankers on CIF basis rejected
- Essar makes fresh bid for Shell LNG shipping deal
- $ 12-bn engg export target achievable: Official
- Dumping duty on slabstock polyol imports mooted
- Govt may allow export of 3 m tonnes of wheat
- Spices importers want Indian warehouses in US
- Garment exports to quota countries notch up double-digit figures in April-October
- Ennore Port to develop container, LNG, ore terminals—Baalu
- Port workers’ bonus talks today
- Hike in rail freight rates to push up steel prices
- Air cargo traffic registers 20.5 pc growth during H1
- Cabinet nod for ISPS code implementation
- Forex reserves crossed the $ 123-billion mark
- ‘Alternative Dispute Resolution’ centres in all districts of state planned
- Kamal Nath calls EPCs meet to explore DEPB options
- Adhere to ‘manufacturing’ as defined in NFTP, Commerce Ministry urges MoF
- Infrastructure sector records marginal growth
- Onkar S. Kanwar elected Ficci chief
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| NOVEMBER 29, 2004 |
- 600,000 mt Oman fuel oil tender extended
- Titan mulling land-based Singapore terminal
Bunker and cargo trader in discussions with Singapore authorities over land-based fuel oil storage that would put group in the league of independent storage operators Tankstore and Oiltanking.
- Engine manufacturers targeting emission reductions
Major manufacturers of marine engines say that environmental issues are a key driver behind development work, with some hailing dual-fuel engines as the way forward on emission reductions. | In Full |
- Oil market players bearish for week ahead
Bearish forecast outweighed today by temporary loss of North Sea production.
- IFO spread opens with return of Suez avails
Demand has yet to respond to improved demand in Egyptian ports.
- Oil export backlog forming at Russian ports
Several thousand metric tones of oil and oil products stuck on rail cars going to key Russian export ports.
- Rotterdam prices easing Monday
- December squeeze expected for Singapore bunker market
Exceptionally low flow of fuel oil cargoes into Singapore anticipated to keep bunker market tight through till January, when more cargoes are expected.
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| NOVEMBER 29, 2004 |
- Euro Telematik launches ServiceFleet version 3.0
- Polish PKP Cargo on the path to privatisation
- TPG and unions agree new collective labour agreement in Netherlands
- RailCombi turns into CargoNet
- Swiss WorldCargo reduces fuel surcharge
- Germanischer Lloyd expects 12,000 teu vessels in 2006
- Tarantini to play frontline role in SAA Cargo growth plans
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| NOVEMBER 29, 2004 |
- LM2500 slected for WMSL CODAG system
- Gash found in spill tanker hull
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| NOVEMBER 29, 2004 |
- Oregon governor taps Allen as new Port of Portland Commissioner
- Portland Airport now offers free Wi-Fi connections
- Cascade Shipping founder, Edmund Ellis dies at 98
- Union Pacific cuts deal with CN over new routes
- Moody's upgrades NYK from Baa2 to A3
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| NOVEMBER 29, 2004 |
- Athos spill: river traffic underway
VESSEL traffic is resuming today on the lower Delaware River on a "ship by ship" basis as environmental teams continue clean-up efforts after the Athos I spill
- CalMac considers agency seafarers
SCOTTISH state-owned ferry operator CalMac is considering the use of agency seafarers in its bid for the 26 routes offered by the Scottish Executive next year
- Another Irish Sea victim
- ENOC bunkering moves to Jebel Ali
- Russian rail claims 'misleading'
- OMI looks forward to $100M quarter
- IHC Caland yard sale next month
- Poor third quarter for Golar LNG
- No sign of cruise man overboard
- China invests in rail freight links
- SembCorp loses Solitaire appeal
- ASEAN owners 'must stand together'
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| NOVEMBER 29, 2004 |
- Bush taps Kellogg CEO for Commerce
Cuban-born chief executive of cereal giant is second Hispanic selection for second-term Cabinet.
- PSA to buy CSX port assets: Report
Singapore operator seen as likely buyer for CSX World Terminals' Hong Kong port assets.
- WTO backs South Korea over shipyard aid
- Oil spill hampers Phil. vessels
- FIT wins auction for Port Everglades hub
- Seattle approves $954 million budget
- DHL founder pleads ignorance in sworn testimony
- Judge blocks creditors from seizing United jets
- DHL exec says ASEAN needs more trade unity
- Lines to hike India westbound rates
- Moller’s APM gets 'crossroads' box hub
- South Korea, Singapore near free-trade deal
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| NOVEMBER 29, 2004 |
- Beijing limits scope of HK, Zhuhai Macau Bridge connections
The bridge linking Hong Kong, Macau and Zhuhai in the Pearl River Delta (PRD) will neither have a landing point in Shenzhen, nor will it include a rail line.
- China sets out 45-year rail freight development plan
- Reformed Russian Customs smoothes cargo flow
- Efficient use of space to raise Hamburg capacity
- HK companies invest in Ningbo Port expansion
- Diving dollar may float Australia-Euro trade
- Koper and ECL seduce Egyptian produce exporters
- ANZESC raise Japan/Australia freight rates
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| NOVEMBER 29, 2004 |
- Tanker lightering to begin
Holed Tsakos panamax is righted as preparations begin to reopen Delaware River after spill.
- OMI placing $200m in bonds
20-year convertible notes will be used to repay existing debt.
- Norden continues record run
Danish shipowner raises profit forecast as crystal ball points to better than expected dry bulk and tanker result.
- Petra Perdana snaps up yard
Malaysian group buys in-house service for offshore fleet at YCK in Sarawak.
- LNG carrier refinanced
Khaled Al-Fayez-led Gulf International Bank has arranged a $155m loan on the ex-Lakshmi.
- Expiry terms for Japan Club
Shipowner directors of Tokyo based P&I club confirm there will be no increase at February renewal.
- Aframax resale confirmed
Tsakos Energy Navigation (TEN) has made a move back towards its roots with a special-design aframax.
- Bharati plumps for Pinky
Indian yard buying facility in Goa as it lines up new base and investment through IPO.
- Samudera stays strong
Singapore-listed boxship player piles on profit in third quarter as fleet grows.
- Korea Line hits Golar
John Fredriksen’s LNG venture suffers from Asian investment adventure and derivatives loss.
- Kvaerner Philly breaks even
US yard holding its own, but still awaits buyers for two boxships it is building.
- Nepline nails Nautica Maur
Malaysian owner begins fleet expansion with deal for Singapore products tanker.
- HUBLine doubles its money
Improved freight rates and liftings help Malaysian intra-Asian operator to bumper financial year.
- OMI eyes $100m quarter
Red-hot tanker rates prompt issue of earnings guidance as fourth quarter profits are set to skyrocket.
- Suez sees jump in revenue
Income generated from vessel transits of strategic Middle East waterway sees year-on-year jump of 12%.
- DOF builds and charters
New supply ship to be ordered on back of five-year deal with Peterson Supplylink.
- Weather hits BBC China blast
Heavy swells and high seas are delaying efforts to complete demolition wreckage of cargo ship.
- Hyundai Corp inks Lingshan stake
South Korean trading house is to take majority control of Chinese shipbuilder in effort to diversify.
- Fire strikes Virginian
Royal Navy frigate goes to aid of Van Ommeren Shipping’s heavy lift vessel in Arabian Gulf.
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| NOVEMBER 29, 2004 |
- China wants closer scrutiny of liner alliances, conferences
- Asia/Europe carriers lower bunker charge
- Tanker market boom propels OMI's results
- Air France-KLM report strong 2nd quarter results
- China Southern appoints Israeli cargo agent
- Kotaite re-elected ICAO president
- CN-UP interchange agreement to reduce traffic at Chicago
- U.S. freight system "quickly becoming saturated"
- Alstom picks Exel for logistics
- Coast Guard probes cause of oil spill at port of Philadelphia
- Work starts on rail loop at Fremantle port
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| NOVEMBER 29, 2004 |
- Viken Shipping sells six product tankers
Viken Shipping in Bergen has sold six product tankers to Tanker Pacific for just below USD 145.0 million with charter ...
- Better third quarter for DFDS Group
DFDS Group had a healthy third quarter with increased profit, fewer passengers and more goods. The revenue was up 10 ...
- National Oilwell sells TTS Marine shares
Norwegian based fund managers have bought National Oilwell’s 35.61 per cent (5.8 million shares) of TTS Marine in Bergen at ...
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