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| MAY 2, 2005 |
Shipping News
- Malaysia pledges backing for port development
MALAYSIA will support plans to develop its ports in a move to turn the country into a shipping hub, but ports needed to improve their management capabilities, said Prime Minister Abdullah Ahmad Badawi.
- Panama Canal to get faster, more powerful locomotives
THE Panama Canal Authority will begin final assembly of six new locomotives this month, part of an order of 34 units from Mitsubishi Corp as the authority moves ahead with its modernisation programme.
- Shanghai port joins US cargo security initiative
SHANGHAI, the world's third-busiest container port, has joined a US cargo security programme aimed at protecting global shipping from terrorist attacks, US Customs and Border Protection said last week.
- Nigeria shortlists 54 investors for port sale
- Bimco delegation meets top EU officials
Admiralty Casebook
- Portable bulkheads: Call to improve safety
THE UK Marine Accidents Investigation Branch has called on the International Chamber of Shipping to remind owners and managers of vessels with portable bulkheads of the need for improved safety when moving the bulkheads.
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| MAY 2, 2005 |
- CSI programme starts in Shanghai
- Air Sea Transport extends network in China
- Norfolk Southern posts record results
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| MAY 2, 2005 |
- SCI to chart out 2005-06 business plan at Principal-Agents’ meet from May 2 to 4
- MISC plans foray into new areas in India
- DCI posts profit of Rs 111.36 cr in 2004-05
- India ratifies ilo Convention on seafarers’ ID documents
- GE Shipping posts record 72 pc jump in net profit in 2004-05
- Illinois wants to forge better trade ties with India
- India signs eight-fold initiative with Japan
- India-Japan trade can touch $ 10 bn in 3 years, says Kamal Nath
- BIMS-TEC panel on trans-Asian rail corridor to be formed by June
- JBS Group records remarkable growth; targets higher volumes this fiscal
- Buoyant 2004-05 for exports
- Fieo seeks free flow of foreign currency credit
- New system of Customs, excise reporting comes into force
- SPV for core sector to function as a corporatev
- IMC welcomes RBI credit policy
- Meeting with Mauritian team at IMC today
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| APRIL 29, 2005 |
- KIC expected to takeover Westport lease for 10 years
KIC Oil & Gas (KIC) is expected to lease Westport's bunker terminal at Port Klang for a period of at least 10 years, industry sources have said.
- ExxonMobil: First quarter profits jump 44% on year
High crude oil prices have helped ExxonMobil increase profits by 44% from a year ago.
- Rotterdam market firm, prompt avails tight
- SK Energy: New terminal will boost sales
New terminal will give supplier the opportunity to boost sales and avoid berthing congestion.
- Japan: March bunker sales down 7% on year
Both bunker sales and bunker production down both month-on-month and year-on-year in March.
- Singapore: March bunker sales up 11% year-on-year
Latest statistics released by the Maritime and Port Authority of Singapore (MPA) show bunker sales up both month on month and on year.
- Freeport: PDVSA Deltaven barge to resume service
- China: Fuel oil traders comply with single-hull ban
Most China fuel oil suppliers have taken steps to comply with the Marpol regulation on the ban of single-hulled tankers.
- Singapore: Tight May avails predicted on cargo shortfall
Low arbitrage forecasts prompt concern over bunker availability in May.
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| APRIL 29, 2005 |
- CP ditches old names
- BIMCO Delegation meets with EU Commissioners
- CMB says 2005 will be "good year"
- Hayashi retires
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| APRIL 29, 2005 |
- Otto Candies in SIM vessel joint venture
- Star ponders U.S. listing for NCL
- Maritrans reports record revenues
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| APRIL 29, 2005 |
- Agencies holding exercise to practice capsizing response
- PMA taps Steve Hennessey for chief operating officer post
- New association formed to promote trade with Cuba
- US rail freight sets record for ton-miles during week
- CP Ships placing lines under one brand name
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| APRIL 29, 2005 |
- Top confirms dry move
TOP Tankers has confirmed long-standing rumours that it will diversify into the dry bulk sector through the acquisition of nine Handymaxes, three Panamaxes and three Capesize dry bulkers, in addition to two Handymax tankers
- Sovcomflot loses MSC boxship deal
MEDITERRANEAN Shipping Co has cancelled an agreement with Sovcomflot and transferred management of seven of its vessels to Dobson Fleet Management
- Maritrans eyes further growth
US Jones Act tanker and barge operator Maritrans posted a strong first quarter and reiterated its intentions to grow in both core and related markets
- Foss goes for Rotor Tug capability
SEATTLE-based tug operator Foss Maritime is to upgrade its 23-year-old Henry Foss and Wedell Foss with the Dutch Rotor Tug design
- Bush tries to explain energy policy
US President George Bush conducted a rare prime-time press conference last night to further explain his energy policy
- Seatrade buys into reefer pool
SEATRADE has acquired the 15 reefer vessels operated by Vroon and the Sun Group in the United Reefers Pool
- GE Shipping’s profit up 72%
- No Indian action against rogue ship
- SNCM counts cost of strike action
- Fire hits SeaFrance ferry
- Owners liable for officer shortage
- Sherrard hits out over Shell Haven
- Singapore, Germany move closer
- H-Süd's Meves warns on bunkers
- China approves more box terminals
- Singapore ratifies anti-piracy initiative
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| APRIL 29, 2005 |
- EU stands firm on cargo self-handling
- Maher, CN approve Prince Rupert port project
- TACA hikes westbound tariffs
- CP Ships declines comment on takeover rumors
- Port Everglades names security chief
- US-Europe conference holds line on surcharges
- Hanjin profit drops
- India-Europe ocean rates to rise again
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| APRIL 29, 2005 |
- China calls for WTO support against EU textile investigation
The Chinese Government has described the EU’s decision to launch an investigation into Chinese textile-exports as a violation of WTO rules, saying it would hold informal talks with the EU next week.
- HK container truck drivers condemn ‘insane’ tunnel toll rise
- HPH gains official approval for two-berth facility in Zhuhai
- Finnish port-strike off, with prospect of 3-shift day to increase productivity
- Two GA partners to co-operate in N.Europe/Med, but Italian port unconfirmed
- Framework for a ‘global C-TPAT’ endorsed by WCO group
- IEA report privileges freight over passengers in need for oil in emergency
- Breakthrough of Lötschberg base tunnel
- Sweden sees port integration as Gothenburg takes stake at Gavle
- Currency-appreciation sees Hanjin Shipping turnover fall, despite Q1 volume growth
- Korean shipbuilders win massive new containership orders
- MOMAF and Gwangyang jointly develop port hinterland
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| APRIL 29, 2005 |
- NCL may be listed
Star Cruises confirms it is considering a US share offering for Norwegian Cruise Line offshoot.
- Profits roll in at CSAV
Chilean container line pushes up earnings again as revenues grow.
- Fisher pension deficit rises
British tanker owner warns officer court case will lift funding shortfall to $29m.
- Frontline sells Genmar
John Fredriksen cuts shareholding in potential tanker takeover target.
- Ahoy there matey!
Deciding who is a seafarer proves a tricky issue as ILO talks edge towards shipping convention.
- Great Eastern at new high
Record result for Indian owner’s tankers and bulkers in year to 31 March.
- Wan Hai starts high
Taiwanese containership owner’s first quarter profit grows on bigger revenue.
- Pacific Basin bulk boom
Hong Kong listed handysize bulk carrier owner reveals it is doing well but remains coy about profit.
- Transpetro reinstates yard duo
Bidders for massive Brazilian tanker order back up to 10, but Renave misses out.
- Hanjin loses on won
Korean currency’s strength against dollar nobbles box line’s first quarter profit.
- First Steamship back on course
Taiwanese bulker owner announces first quarter gain after loss-making 2004.
- Maritrans marches on
US tanker owner hikes first quarter income on higher demand.
- Blaze strikes Bitfjord
Tarbit Shipping’s asphalt and bitumen carrier suffers engine room fire alongside in Dundee.
- Essar eases to record profit
Indian owner rides tanker boom to best ever annual profit in year to 31 March.
- Japan calls for anti-piracy IDs
Inability of littoral states to guard Malacca Strait prompts call for registration system for small ships.
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| APRIL 29, 2005 |
- Hamburg Sud concerned about rising costs
- Hanjin Shipping misses out on profit bonanza
- NYK enters North Europe/Med trade
- MOL, P&O Nedlloyd to end Asia/South Africa/East Coast South America loop
- Cathay Pacific starts Boeing 747-400 freighter conversion
- IATA reports slow air cargo volumes in March
- Norfolk Southern's net income up 23%
- House committee passes DHS authorization, CSI requirements
- USDA waives inspection and weighing for containerized grain exports
- Four Asian countries sign anti-piracy pact
- U.K. Freight Transport Association appoints Russell president
- China approves Zhuhai's container terminal
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| APRIL 29, 2005 |
- Port of Göteborg part owner in Gävle Container Terminal
The Port of Göteborg will acquire 20 per cent of the shares in Gävle Containerterminal on the Swedish east coast ...
- "Finnjet" is still "Finnjet"
Many were quite surprised when Silja Line’s "Finnjet" appeared on a website called Europe Star Line in new colours with ...
- Bornholm Line bankrupt
Bornholm Line AB is declared bankrupt and is out of business. The company, which last year announced a new ferry ...
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