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| DECEMBER 1, 2005 |
Shipping News
- TNT launches Asia road express service
GLOBAL express and logistics services provider TNT yesterday launched an Asia road express service which by 2007 will be able to truck small cargo from Singapore to Chinese cities.
- Jakarta credited for drop in Malacca Strait piracy
INDONESIA's efforts to boost naval and air patrols in the notorious Malacca Strait helped suppress piracy there this year, but any let-up will see the attacks quickly resume, a top official has warned.
- DP World plans bond, gets loan to acquire P&O
DP World, which is buying Peninsular & Oriental Steam Navigation Co , expects to sell US$2.8 billion of Islamic bonds that will be convertible into shares of the company after it holds a planned initial public offering .
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| DECEMBER 1, 2005 |
- STX unveils new Korea-Straits-India box service
- "K" Line to open new agencies in 6 European nations
- Fleet scale helps carriers to improve service, profitability: MOL
- OOCL Taiwan operation goes green
- FPS conference explores ways to build volumes
- Japanese consortium signs long-term charter for 8 new LNG carriers
- Exel in Japan gains 2 new accreditations
- Evergreen considers buying Airbus A320s, Boeing 737s
- Australian Airlines to fly to Tokyo
- NWA Cargo cuts fuel surcharge
- Finnair to offer service to Delhi
- Song to replace Yap as Airbridge regional director
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| DECEMBER 1, 2005 |
- Kochi-Dubai passenger service likely soon
- Fast ferry service to link South with Colombo
- MOL holds customer meet in Mumbai
- Commerce Minister upbeat on merchandise exports reaching $ 100 bn this fiscal
- Move to lower transaction costs for exporters
- Rice exports rise to 18.29 lakh tonnes during April-August
- Curbs on chrome ore exports likely
- Six-fold increase in steel exports targeted by 2020
- Kolkata Port handles first-ever gearless vessel
- VPT, Rlys & SAIL to sort out coal transport issue soon
- Textile, apparel firms pump in massive funds to expand in post-quota period
- CII favours autonomous regulators for infrastructure sector
- 1st all-China show to be held in city this month
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| NOVEMBER 30, 2005 |
- Ryder appoints Johansson marketing vice-president
- P&O agrees bid from Dubai Ports
- Jazeera Airways orders six more A320s
- New ICF and Hannibal Zurich–Milan intermodal shuttle
- Railion Danmark to terminate services?
- Rhenus group takes over Maxx Holding
- Clecat wants common criteria for EU customs representatives
- DHL develops on-line supplier solution for Airbus
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| NOVEMBER 30, 2005 |
- Bad weather hinders D/H barge salvage
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| NOVEMBER 30, 2005 |
- Horizon Lines to increase Hawaii service freight rates
- Hamburg Sud making changes to Asia/Americas service
- New Alaska-class tanker delivered by NASSCO
- Trade between NAFTA partners sets new record during September
- JFK International Airport jumps to top freight gateway spot
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| DECEMBER 1, 2005 |
- AXA retreat rocks P&I boat for shipowners
INSURANCE group AXA Corporate Solutions has surprised the marine market by scrapping its shipowner protection and indemnity business line.
- PD Ports accepts £320m offer from Australian equity funds
For the second successive day a British ports group has agreed to be acquired by overseas interests, with a £320m ($554m) bid for PD Ports by a group of private equity funds.
- Goldenport pulls out of London listing
Goldenport Holdings’ initial public offering on the London Stock Exchange has failed, writes Tony Gray.
- Box lines feel the squeeze as big four port operators raise terminal charges
CONTAINER lines are struggling to pass on to their customers the hefty increases in terminal charges that global port operators are pushing through.
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| NOVEMBER 30, 2005 |
- Yes, we have no bananas: Chiquita
CHIQUITA Brands, the giant banana producer, has reported that this year's storm season seriously hit its farms in Honduras
- More Gulf hurricanes forecast for 2006
THE most devastating Atlantic hurricane season on record officially ends today, with forecasters predicting more of the same for 2006
- Horizon hikes Hawaiian rates
NORTH Carolina-based Horizon Lines is planning to raise its rates on box shipments between Hawaii and the US West Coast
- MSC to use Bandar Abbas as hub
MSC is reported to have signed a service contract with Iran’s Gulf gateway port of Bandar Abbas with a view to using it as its hub for the Middle East and Gulf region
- PD Ports snapped up with Endeavour
PD Ports, operator of Tees & Hartlepool port on the north-east coast of England, has accepted a £320M ($553M) cash takeover from a group of equity investors
- Docenave's Ebner 'seeks challenge'
- Kazakhs hit back for oil outlet
- Wärtsilä opens Philippines college
- Choctaw MCT deal struck
- Malacca Strait now safe: FASA
- LASCO targets tanker elite
- MSC cruises into Big Apple
- Maznah crew reject wage offer
- Maersk reveals Carib strategy
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| NOVEMBER 30, 2005 |
- Horizon Lines to hike freight rates
Jones Act carrier will file for general rate increase on the company's Hawaii service to and from Tacoma (left), other ports.
- Agency asks $600M for Va. hub
- EU won't up WTO farm offer
- Airfreight growth slows
- U.S. wins Mexico rice challenge
- EU plans banana tariffs
- P&O buy makes DP World top India handler
- Nigeria port strike threat
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| NOVEMBER 30, 2005 |
- FEFC refuses to contemplate growth below 13%
Far Eastern Freight Conference carriers are confident that demand will closely mirror the growth in ship capacity next year and are planning a series of US$250/TEU rate-rises, starting on December 12.
- Toll's Patrick concessions 'underwhelming'
The Australian Competition and Consumer Commission has made public measures Toll Holdings has proposed in its attempt to gain regulatory clearance for its hostile takeover of Patrick Corporation.
- Charter market indicators waver in eddies of uncertainty
- DP World to rule Indian container trade
- Booming NE Asian regional trade set to grow 250%
- Irish Ferries disruption continuing
- Freight forwarders want Busan box tax abolished
- Korean port workers decide to go on strike
- Yangshan bonded area gains official approval
- More Federal money for Australian rail upgrades
- Russian and Estonian railways to discuss joint Eurasian routes
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| NOVEMBER 30, 2005 |
- Insider sells more
Yudith Recanati's selloff of OSG shares approaches $1.7m mark.
- Goldenport pulls IPO
Investors reject Greek owner as market downturn and ageing fleet take their toll.
- Hurricane horror
Offshore platform sunk by Hurricane Rita is blamed for sinking K-Sea barge in US Gulf, spilling heavy crude.
- RTF rakes in more
Latvian reefer owner keeps costs down while building revenues in first nine months.
- Saverys extends grip on Exmar
Shipowner increases his stake in gas operator to nearly 60%.
- Bidders line up for Izar
Nine groups still in running to buy Spanish state shipbuilder’s four civil yards.
- SNC targets gas carriers
Romanian yard chases German order and predicts bigger profit this year.
- Norden goes up to eight
Another two tankers added to series of 38,500-dwt newbuildings at GSI in China.
- Nepline headed for annual loss?
Company predictions for full-year result looking increasingly shaky.
- Trico continues rebirth
Offshore operator pays off bankruptcy debt with money from recent equity issue.
- PD Ports sells out
Teesport owner agrees takeover deal with Endeavour, backed by Australian fund IFM.
- EMSA ups pollution response
European maritime safety agency charters seven oil recovery ships for three years.
- Gulfmark adds another
Company exercises first right of refusal on anchor-handling newbuild at Jaya.
- Viking firms up ferry order
Baltic ferry operator seals deal for up to three fast car ferries at Aker Finnyards.
- Hamworthy eyes fresh funds
UK marine equipment looks to raise $30m, as interim profits slip nearly 9% on a year ago.
- Verolme wins Geeview job
Singapore-owned yard to convert new panamax bulker into pipelay vessel for Allseas group.
- Ow offer rejected
Investors opt to keep stock in Singapore Shipping, as firm gets green light for logistics spin-off.
- Oglebay offloads Buckeye
Great Lakes shipowner disposes of ship and says other ship sales are still under evaluation.
- Horizon hikes rates
US liner major Horizon Lines has followed suit after competitor Matson Navigation’s hike in Hawaii liner rates.
- PDZ profits halve
Higher charter rates and bunker prices impact results at Malaysian intra-Asian boxship player.
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| NOVEMBER 30, 2005 |
- Horizon Lines sets rate increase for Hawaii cargo
- Standard & Poor's affirms MISC's "A-" rating
- MacAndrews names Kuwait agent
- Rickmers-Linie names OceanExpress U.K. agent
- Coast Guard investigates barge grounding in upper James River
- US Airways firms up order for 20 A350s
- Malaysia Airlines posts second-quarter $74.4 million net loss
- NWA Cargo to reduce fuel surcharges again
- Dragonair's October cargo growth flat
- Qantas to add two more Sydney/New York flights
- Pilot appoints West Coast sales director
- Song replacing Yap at AirBridge Cargo
- U.S. surface trade with Canada, Mexico sets record high in September
- Canada government approves hopper cars transfer to farmer coalition
- BNSF to sell line to New Mexico DOT for $76 million
- Frozen Food Express names Pruden CFO
- Famous Pacific members shifting focus
- Port helps Charleston land van assembly plant
- RedPrarie gets Gildan contract
- Ozburn-Hessey Logistics promotes Hall
- PD Ports agrees to $425 million offer from Endeavour Ports
- APM, CMA CGM win Mobile container terminal concession
- Marseilles-Fos box volumes down 3% after 10 months
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| NOVEMBER 30, 2005 |
- Viking Line confirmed order
Viking Line and Aker Finnyards have signed a firm contract worth EUR 120-30 million about the delivery of a ...
- Finnish Lamor awarded EMSA contract for oil spill response
The Finnish company Lamor won the European Maritime Safety Agency, EMSA tender to improve oil spill response readiness in the ...
- Skagen shipyard to refit naval vessel for research expedition
Karstensens Skibsværft in Skagen has been awarded the contract refit the naval patrol ship "Vædderen" for the Galathea 3 expedition ...
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| NOVEMBER 30, 2005 |
- Barge rates to increase in Panama
- Mixed DOE data leaves crude market with little direction
Weekly government-monitored US oil inventory figures show solid build in distillates, but crude and gasoline fell.
- EMSA oil spill tenders: Several bunker tankers employed
Winners of European Maritime Safety Agency tender for emergency oil spill response will be using several bunker tankers.
- ARA market remains heavily committed
- Saudi Arabia proposes bunker fuel cracking plant in South Korea
Saudi Arabia has proposed to invest some $3.5 billion to build a bunker-C fuel cracking plant in South Korea.
- Singapore: Fuel oil stocks at 14-month low
- Vessel modified for oil recovery
An oil recovery vessel that can hold up to 4,000 m³ of recovered oil will be operational in the French Atlantic zone and western Channel approaches.
- Vietnam welcomes her first oil refinery
Vietnam has started work on building the nation's first oil refinery that can process 148,000 bpd.
- Bunker product sidelined in SK Corp.'s cleaner future
South Korean refining giant eyes $2 billion investment in catalytic cracking technology as it turns focus away from less profitable bunker fuel in favour of cleaner products.
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