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05 April 2020 The on-line newspaper devoted to the world of transports 18:30 GMT+2

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The Business Timesweb site
JULY 1, 2005
Shipping News
  • MPA finds no bunker fuel breach of Marpol
    THE Maritime and Port Authority of Singapore has found no breach of a convention governing maritime pollution, contradicting a report just over a week ago by the petroleum services arm of classification society Det Norske Veritas .
  • China steel stocks key to freight rebound
    GLOBAL ocean freight prices for raw materials, which have slid from record peaks, are expected to bounce back once China starts to reduce its ballooning steel stocks, a ship industry executive said on Wednesday.
  • Westport to reschedule port calling of ships
    OPERATIONS at Westport here were expected to be slightly affected, especially in terms of merchant ship arrivals, following the stopover of nuclear-powered aircraft carrier USS Nimitz from yesterday, said Port Klang Authority chairman Yap Pian Hon.
  • Liner capsizes after fire in Taiwan harbour
Admiralty Casebook
  • When lakes are 'navigable waters'
    ALAKE is a navigable waterway if it is physically capable of being used for navigation, a US appeals court ruled last week, rejecting an argument that a lake may not be considered 'navigable waters' if it was not being used for commercial shipping.

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Sched Netweb site
JULY 1, 2005
  • BC truck strike having an effect, VPA boss says
  • STX Pan Ocean and Heung-A launch 2nd joint service
  • Interline Shipping changes name to Transliner Private

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Exim Indiaweb site
JULY 1, 2005
  • Allcargo Movers (I) acquires 34 pc stake in ECU Hold NV
  • MacAndrews to widen coverage of Indian market through IndAmEx
  • A.P. Møller-Maersk acquiring further stake in P&O Nedlloyd NV
  • Seaways' Coastal Express Service receives overwhelming response in maiden voyage
  • ONGC eyeing Canadian oil company
  • Cashew kernels exports fetch Rs 4.97 bn in April-May
  • Ceca signed with Singapore to propel trade
  • Ceca to take India, Singapore trade to $ 10 bn in 2005-06'Assocham
  • Talks to end MbPT transport workers strike prove fruitless
  • WCA Family alliance introduces new network for project forwarders & related service providers
  • Warehouses sprouting all over Nagpur
  • Fieo agitated over move to fix ceiling on export turnover as condition for Sec. 80 HHC benefits
  • India Inc positive on GDP growth: CII survey
  • Reliance Energy among buyers of bidding papers for NH works
  • Foreign Trade Analysis: Current Policy & Procedures - By M. Sreedharan
  • Rakesh Mohan appointed RBI Dy Governor
  • New office-bearers of BCC&I's STL Committee

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International Transport Journalweb site
JUNE 30, 2005
  • Grand Alliance members comment on possible Grand Alliance composition
  • Lufthansa Cargo increases fuel surcharge to EUR 0.45/kg
  • Billings Study: LTL customers would rather surf than call
  • FedEx with record revenues and earnings in Q4 2004/2005

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Maritime Global Netweb site
JUNE 30, 2005
  • Positive start for Braemar Seascope
  • Piracy will still be against UK law
  • Tonnage tax "window open"
  • Singapore class society for non-Solas vessels
  • Pirates plead guilty

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World Wide Shipperweb site
JULY 1, 2005
  • Panama Canal Authority adding eight new Z-Tech tugs
  • Surface transport numbers up for NAFTA trading partners
  • Freight count up for US railroads
  • Port of Vancouver, USA opens facilities to public
  • Marcon names Coombe to team of ship brokers

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Lloyd's Listweb site
JULY 1, 2005
  • Shipmanagers link in standards drive
    MANY of the world's top shipmanagers have joined forces to propose a new set of industry-wide operational key performance indicators.
  • First day share price plunge adds to Cosco's gloom
    HAVING raised $1.2bn rather than the $1.65bn it had hoped for, Cosco Holdings' initial public offering in Hong Kong received a further setback when its share price fell 11% at the end of its first day trading yesterday.
  • Jamaican flag targets huge growth
    JAMAICA'S flag of convenience is set to see tenfold growth over the next five years, according to the head of the country's maritime authority, writes David Osler.
  • Shanghai port listing backed
    SHANGHAI International Port (Group) vice-president Chen Xu-yuan's declaration that China's biggest port operator plans an initial public offering in Hong Kong next year has met positive sentiment from analysts, writes Mike Grinter in Hong Kong.
  • Interferry launches crusade to cut Third World death toll
    A PROGRAMME designed to reduce dramatically the number of deaths in developing world ferries has been launched by Interferry, the trade association for the worldwide ferry industry, writes Michael Grey.

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Fairplayweb site
JUNE 30, 2005
  • P&O Ports' Sarbh steps down
    JIMMY Sarbh has stepped down from his position as regional director (South Asia and Middle East) at P&O Ports. He will be succeeded by Nikhil Naik, currently deputy regional director
  • PDVSA launches PetroCaribe
    VENEZUELAN oil giant PDVSA has created a new subsidiary, PDV Caribe, to supply low-priced fuel to the Caribbean islands under the 'PetroCaribe' plan
  • Bottiglieri fined over oil log
    ITALIAN shipowner Bottiglieri di Navigazione escaped potentially higher fines this week by pleading guilty to a single charge of inaccurate record keeping in a US court
  • Dockers: organised crime concerns
    US PROSECUTORS are to ask federal courts to strip International Longshoremen's Association leaders of their power over organised crime concerns
  • Weak HK debut for China Cosco
    CHINA Cosco Holdings made a weak Hong Kong market debut with its stock closing on HK$3.825, down 10% from its IPO price
  • Singapore floats class society
    SINGAPORE has launched SingClass International Pte, a classification society to cater to small, non-conventional vessels 500gt and below
  • AP Moller sells non-core airline
  • Singapore boosts maritime studies
  • Finnlines hopeful as dispute ends

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The Journal of Commerceweb site
JUNE 30, 2005
  • Hanjin to deploy new ships in Pacific
    The 8,000-TEU vessels will join the Pacific Express Service in July and August.
  • ILA accuses DOJ of 'shameful' leak
  • Cosco parent's shares dive in first day of trading
  • Talks may begin soon in Vancouver trucker strike
  • NY-NJ port authorizes 2 more ondock rail tracks
  • Canada, Port of Halifax help fund short-sea study
  • Global air-cargo volume slipped in May
  • Merchandise trade jumped 9% in '04, WTO says
  • Panama Canal to add powerful new tugs
  • 2 shippers settle export cases

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Containerisation Internationalweb site
JUNE 30, 2005
  • BC Federation of Labour offers to help resolve truck dispute
    The BC Federation of Labour today announced it was willing to work with the Vancouver Container Truck Association (VCTA) to resolve a four-day truck-strike at Vancouver and Fraser River Port.
  • Cosco Holdings shares slump below IPO price on first trading day
    China Cosco Holdings saw another setback in the stock market by closing at HK$3.825 (US$0.49), 10% below its IPO price of HK$4.25 (US$0.54), which was the bottom of the targeted range.
  • HK exports value up amid uncertainties
  • Maut: much money, no mishaps, few dodgers
  • Recognition of striking Mumbai union may be withdrawn, warns labour commissioner
  • OffPeak shippers warned credit check could delay processing, delaying cargo
  • Shenzhen Port Authority sets construction fee deadline
  • Alliance move from La Spezia could see port lose more services
  • Gwangyang Port operations not affected by hauliers' strike
  • Pacific Express will benefit from Hanjin's new 7,500TEU ships
  • CSAV-Libra Montemar service swaps USEC calls
  • Russia-Finland traffic to be boosted by Northern Lights train
  • North India not enough, as Macandrews looks south

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TradeWindsweb site
JUNE 30, 2005
  • Quintana slashes target
    Stamatis Molaris' dry bulk company seeks $114m less as IPO winter sets in.
  • 'Not helpful'
    New revelations of Stamatis Molaris' troubles with the SEC may hurt chances of a successful IPO by Quintana Maritime, experts say.
  • Morten or Hugo?
    Foreign shipowners starting with Morten Arntzen-led OSG could be pushed aside by Hugo Chavez's PDV-Caribe.
  • Wilson snaps up Multibulk
    Norwegian mini-bulker owner continues on acquisition trail with takeover of Bergen company.
  • ITF bows to court order
    Federation tells affiliates in European Union free to negotiate with Viking after injunction.
  • Wartsila in China thrust
    Finnish engine builder inaugurates $8m Lips facility inland from Shanghai.
  • Moller bid under global scrutiny
    EC and other countries put heads together to assess impact of P&O Nedlloyd takeover.
  • New chief for Tankships
    Aviation executive parachutes in to take the helm of James Fisher's coastal products fleet.
  • Cosco shares tumble 10%
    Stock slumps on the first day of trading as analyst declares company two years too late.
  • Canada wants level playing field
    Government to campaign against yard subsidies at latest OECD meeting in July.
  • Coscon goes to Koper
    Chinese giant to run feedership between Slovenia's only port and Naples.
  • Pirates seize food-aid ship
    Kenyan vessel hijacked off Somalia, as attackers demand $0.5m ransom.
  • Spill bill for Delaware River
    US House of Representatives passes new bill to protect waterway after Athos I incident.
  • Marsh stays upbeat
    Braemar boss says recent freight rate declines aside, long-term outlook for shipping remains positive.
  • Kongsberg wins LNG work
    Norwegian ship supplier sells eight LNG carrier control systems to Korean yards.
  • Hanjin rolls out big guns
    South Korean boxship player's first 8,000-teu ships poised to join fleet on transpacific route.
  • Piracy insider pleads not guilty
    One of two crewmen suspected of complicity in the Nepline Delima piracy attack is denied bail.
  • Aries takes Seine
    Nasdaq newcomer exercises purchase option on 2,917-teu boxship and extends CMA CGM charter.

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American Shipperweb site
JUNE 30, 2005
  • International Shipholding reshuffles management
  • CSAV adds Savannah to U.S. East Coast/East Coast South America loop
  • Hanjin Shipping to deploy 8,000-TEU ships in transpacific
  • China Shipping (Europe) moves into new office
  • A.P. Moller-Maersk to sell Maersk Air
  • Two more airlines raise fuel surcharge
  • Continental starts daily nonstop New York/Berlin flights
  • Two shippers pay civil penalties for U.S. export violations
  • Florida temporarily halts entry of South African oranges
  • Welsh-Carson acquires majority stake in Ozburn-Hessey Logistics
  • Siemens Netherlands picks Kuehne + Nagel as logistics partner
  • Tampa takes delivery of gantry cranes

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The Scandinavian Shipping Gazetteweb site
JUNE 30, 2005
  • Fight on to stop the EC IMO move
    The European Commission (EC) has not given up the idea to represent all member countries at the IMO and will ...
  • Austal fail to stop Stena hull form patent
    Australian company Austal has failed in the Federal Court of Australia, yet again, to stop the Stena hull form patent ...
  • Maersk to buy one more shipping company
    A.P. Møller-Mærsk Group continue to use their enormous cash-flow from its ongoing business to purchase further companies. Now ...

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The Bunker Bulletinweb site
JUNE 30, 2005
  • US bunker prices predicted to firm
    Suppliers expect prices to firm tomorrow ahead of Independence Day holiday, Canada closed Friday.
  • LA proposes tough new emissions control measures
    Report recommends new regulations amid warnings of limited availability for low-sulphur marine fuels.
  • Japanese May bunker sales show upturn
  • MPA follow-up on MARPOL case says no breach was made
    MPA says new tests of samples show no breach of 4.5% sulphur limit, while DNVPS says it has full faith in the reliability and accuracy of its testing methods.
  • Dubai exchange open for membership
    Dubai Gold and Commodities Exchange (DGCX) has announced that it is open for membership and will begin trading in November.
  • Singapore: Class society targets port limit tankers
    Singapore launches its own classification society targeting small ships that trade locally, including port limits tankers.
  • ARA barge market bids move closer to offers
  • Singapore: Lower residual stocks, bunker prices may rebound
    Singapore's onshore residual fuel stocks dropped by over a million barrels and bunker prices are expected to rebound next week market sources said.
  • OPEC considers further hike in output quota
    OPEC may raise its oil production quota by 500,000 barrels per day soon, while an increase in US crude stocks saw oil prices s;ide toward $57 per barrel yesterday.
  • Korean market weakened by high bunker prices
    South Korean bunker fuel prices were considered too high at the moment to fetch healthy demand volumes, traders said.

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