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| AUGUST 1, 2005 |
Shipping News
- Tg Pelepas port expects to see record traffic
MALAYSIA's Port of Tanjung Pelepas, which is competing with Singapore for South-east Asia's sea freight, expects to handle a record number of containers this year, helped by lower rates and increased trade.
- KL open to ties with 3 states in piracy war
MALAYSIA said yesterday that it is open to cooperation with the United States, Australia and Japan to combat piracy in the Malacca Straits, provided territorial rights are retained.
- AP Moeller gets EC nod to buy P&O Nedlloyd
AP Moeller-Maersk, the world's biggest container-shipping company, won European Union anti-trust approval for its 2.3 billion euro takeover of Royal P&O Nedlloyd after agreeing to sell off South African routes and to withdraw from several shipping agreements.
- UK's CP Ships in talks with China Shipping, CMA
- Tanker slams into bridge
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| AUGUST 1, 2005 |
- Largest container cranes arrive in Vancouver
- MacAndrews strengthens sales network in Europe
- Tianjin, Asean trade rises sharply in H1
- CP Ships target for acquisition, reports say
- AP Moeller gets EU green light to acquire PONL
- APL introduces RFID technology to marine terminal
- Boeing to sign US$6 billion Dreamliner deal with Chinese airlines
- United reports US$1.4 billion loss in 2Q
- UPS named official logistics sponsor of Beijing Olympics
- US regional airline job opportunities soar
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| JULY 29, 2005 |
- Bourne new ELAA executive director
- Geest orders four newbuildings
- Lan goes for Airbus
- Trenitalia takes majority TX Logistik stake
- APL Transportation & Logistics Ltd formed in Turkey
- EU passes guidelines for mobile rail employees
- Port of Koper enhances website
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| JULY 29, 2005 |
- Exmar profit soars
- Bocimar’s strong result
- Rickmers orders in Iran
- K Line secures new Arcelor contracts
- P&O sells more US property
- New sewage rules in force in August
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| JULY 30, 2005 |
- Owners face low sulfur fuel problems
- CP Ships in takeover discussions
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| JULY 29, 2005 |
- APL turns to radio IDs to speed LA container search
- NAFTA partners see jump in surface transport numbers
- Coast Guard Day picnic scheduled for Ft. Lewis park
- DOT announces funding for Ready Reserve Force
- Steel imports decline during month of June
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| AUGUST 1, 2005 |
- CP Ships breaks silence on takeover talks
CP Ships ended weeks of speculation about its future on Friday afternoon by confirming that it was in discussions "regarding a possible transaction".
- Brussels’ decision clears the decks for Maersk buy of P&O Nedlloyd
EUROPEAN Commission approval late on Friday of Royal P&O Nedlloyd’s takeover by AP Møller-Maersk clears the way for the biggest acquisition in the history of container shipping, writes Janet Porter.
- Italy throws down the gauntlet to Indian Ocean pirates as warship is dispatched
ITALY will despatch a warship to the Indian Ocean to protect Italian merchant ships operating in the region, the country’s Ministry of Defence said on Friday.
- ITF mulls wisdom of Solomon Islands registry
THE Solomon Islands has passed legislation to allow the country to enter the open registry market.
- Nelson’s seven signatures
A complete set of Lord Nelson’s seven signatures marking key stages in his life will be on display for the first time as part of a new exhibition created by Lloyd’s to celebrate the bicentenary of Trafalgar.
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| JULY 29, 2005 |
- EC approves Maersk-PONL merger
THE European Commission’s competition authorities today gave the green light to AP Møller-Maersk’s acquisition of Royal P&O Nedlloyd
- CSAV buys Brazilian tugs
CHILE'S Sudamericana Agencias Aereas y Maritimas has bought Brazilian tug company Metalnave for an estimated of $20M
- CMB improves net profit by 16%
COMPAGNIE Maritime Belge (CMB) has reported net profits for the 1H05 of euro91.5M ($111M), the majority of which comes from CMB’s dry bulk subsidiary Bocimar
- Semlow hijackers change tack
PIRATES holding hostage the cargo ship Semlow, carrying food aid to Somalia, have dropped their ransom demands and want to berth the ship after rough weather set in.
- Pemex contracts lift TMM
GRUPO TMM, the Mexican tanker, port and logistics company, plans to expand its product tanker ties with oil giant Pemex and increase its supply-vessel ownership.
- Exmar posts strong 1H figures
EXMAR improved both its operating income and net profit for the first half of the year on the back of new LNG vessels and capital gains from share trading
- High prices lowering oil demand
- CP confirms takeover talks
- MarAd pays $1.9Bn for reserve fleet
- More ghosts exorcised
- Pakistan ferries approval granted
- India's iron ore exports falling
- Bombay High divers trapped
- Another BP Texas City explosion
- Pakistan's oil imports rocket
- Collisions worry Japan Coast Guard
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| JULY 29, 2005 |
- CP Ships in sale talks
Company confirms it is in discussions amid reports that China Shipping Group and CMA CGM of France are the leading bidders.
- EU approves Maersk-P&O deal
- Vote coming in Vancouver strike
- TACA confirms rate hikes
- Customs expands truck e-filing
- Baton Rouge port chief suspended
- Yellow Roadway income surges
- Trucks fuel C.H. Robinson net
- Monsoon hits Mumbai exports
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| JULY 29, 2005 |
- Outraged truckers slam PierPASS
Californian truckers have slammed the PierPASS traffic mitigation scheme as inefficient and under-funded even as its operators are hailing it as a success.
- CP Ships admits it’s in sale talks
CP Ships has admitted that it is in negotiations to sell the company as speculation over who its suitors could be reaches fever pitch.
- EU clears Maersk’s PONL acquisition
The EU cleared the way for the Danish shipping company AP Moeller-Maersk to acquire P&O Nedlloyd (PONL) now only the US authorities stand in the way.
- Hanjin and CSCL take delivery of newbuilds
- Tianjin Port sets ambitious 2010 targets
- Berlin ups its Maut damages claim
- Lawsuits mount as truckers’ dispute crucial phase
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| JULY 29, 2005 |
- Maersk’s green light
Takeover of P&O Nedlloyd given go-ahead by Brussels, with a few strings attached.
- CP admits takeover talks
Company forced to issue statement after China Shipping and CMA CGM reported as frontrunners to gobble up line.
- TMM back in the red in 2Q
Company signs five-year charters with Pemex for product tankers but posts loss again in latest quarter.
- Panama "wrong to reforest"
Planting trees to increase canal’s water supply is a mistake, study says.
- Bertram orders in Iran
Rickmers Line has ordered a quartet of multipurpose heavy lift vessels from the SADRA Shipyard.
- K Line wins Atlantic contracts
European division on the way to building up trade with new deal for Arcelor.
- Interest bleeds Horizon
Bunkers helped cancel out healthy demand growth. Then came interest on acquisition debt.
- A bigger BLT
Indonesian owner Berlian Laju Tanker reports bumper first-half profits.
- Titan in VLCC triple play
Nanjing Oil has turned down Front Tobago. But Titan is looking it over after buying a Dynacom VLCC.
- Italy's owners cry for help
Confitarma demands naval patrols off Somalia after two attacks in a week.
- Profits halve at Taiheiyo
Japanese VLCC and bulker owner upgrades half-year forecast despite poor first quarter performance.
- Costs slash MMM profits
Profits crumble as "escalating maintenance" and other costs eat into Malaysian owner’s bottom line.
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| JULY 29, 2005 |
- CMA CGM suspends U.S. West Coast/Indian subcontinent connecting services
- Monsoon rains hit Maersk Sealand's Mumbai center
- China Shipping receives 4,250 TEU ship
- Crowley relocates Miami office
- UAL's posts $1.4 billion second quarter net loss
- ANA Group's net income drops 10.9%
- CBP expands electronic truck manifest to two more port clusters
- "K" Line Air Service to start Chinese forwarding company
- CAFTA passage draws fierce mixed reaction
- WhereNet forms security group in its transport division
- Hong Kong terminals seek DHS blessing for automated inspection system
- Virginia ports see record box volumes, profits
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| JULY 29, 2005 |
- Chevron results lift combined major Q2 profits above $21bn
Chevron Corp. today became the fourth oil major this week to announce strong earnings on the back of rising oil prices.
- Minimal effect from refinery outages on Vancouver's diesel
Maintenance shutdowns of two refineries in Canada unlikely to affect distillate prices in Vancouver - with no major supply disruptions reported.
- Suppliers: Texas City fire could prompt glut in bunker product
A fire at BP's Texas City refinery may make more fuel oil available for players working in the Houston bunker market, Bunkerworld has learned.
- Greece: New contact details for Baluco SA
- Singapore: Shell preempts anti-competition laws
Oil major Shell will stop sending petroleum marketing companies in Singapore its ex-refinery product posting prices in a preemptive move ahead of new anti-competition laws.
- Supplier targets double sales volumes with expansion
Booming sales and an inability to meet current demand levels has prompted a supplier to double its barge presence and consider expansion into new markets.
- ARA trade market firmer Friday morning
- Titan buys VLCC for $89 million
Hong Kong's Titan Petrochemicals Group Ltd has paid $89 million in cash for a double-hulled very large crude carrier (VLCC) in its latest acquisition.
- Hong Kong demand firm, prices stay competitive
Competitive pricing against neighbouring ports keeps enquiry levels healthy in Hong Kong.
- Singapore bunker sales show continued year-on-year growth
Bunker sales in Singapore continue to show year-on-year growth, although June figures have broken no records.
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