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| AUGUST 2, 2005 |
Shipping News
- Orders pour in for S Korean shipyards
HYUNDAI Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co and Samsung Heavy Industries Co, the world's three largest shipyards, won orders for vessels valued at more than US$3 billion spurred by demand for the transportation of liquefied natural gas .
- Persian Gulf tanker rates may fall again
THE cost of shipping oil on two-million-barrel crude tankers from the Middle East to refineries worldwide may fall for a second consecutive week because of a surplus of vessels available for hire at the end of August, shipbrokers including E A Gibson said.
- LCH to launch freight clearing service in Sept
THE London Clearing House said last week it planned to launch its clearing service for the burgeoning oil and dry freight derivatives market in mid-September.
- Solomon Islands to set up FOC register
- Tianjin Port eyes shipping hub status
- Titan buys VLCC for US$89m
- Grand Arrival
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| AUGUST 2, 2005 |
- Heavy rain disrupts exports from Mumbai port
- Davies Turner consolidates ocean freight service
- New international anti marine pollution rules come into force
- Government to facilitate negotiation in trucking dispute
- P&O sells final Boston property
- U-Freight's Australian partner strengthens network
- AMT elected to associate membership in ports association
- Yuan hike to have little effect on China's airlines
- Car rental deals for China Southern passengers
- UPS plans to construct 5 regional freight hubs
- Airbus appoints new Executive Committee members
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| AUGUST 2, 2005 |
- EC, US clear A.P. Møller-Maersk Group’s acquisition of P&ONL
- INSA Board meet on Aug. 4 to discuss 2 crucial issues
- India Lanka Express steps into third year of service
- Top govt secretaries get first-hand information of snags to shipping, trade boost
- Rickmers-Linie to expand heavy lift fleet with four newbuildings and four chartered vessels
- IRISL named leading shipping line in Far East-Middle East route
- Study underscores need for greenfield facilities at shipyards in deep water ports
- 2 captains give their last salute to JNPT
- CONCOR to acquire 1,315 wagons for Rs 271 cr.
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| AUGUST 1, 2005 |
- Bunker troubles loom, says North of England
- EC clears Maersk’s PONL takeover
- Immersion suit sales "picking up fast" as IMO deadline looms
- Odfjell "considering" Indonesian court’s opinion
- Frixos Savvides on boards of Frontline, Golar
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| AUGUST 1, 2005 |
- Seabulk sells foreign-flag duo
- Maritrans charters in single-hull tanker
- Navy announces ship scrapping contracts
- Aker Yards books ferry order from Tallink
- Change of focus at MAN B&W U.K. unit
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| AUGUST 1, 2005 |
- Port of Olympia in line to receive SAFETEA-LU funds
- Positive numbers for US rail freight traffic
- CP Ships responds to transaction rumors
- Port of Everett sets limit for North Marina project roofs
- Greenbrier taps Nussrallah as European operations president
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| AUGUST 2, 2005 |
- Abdullah takes reins in Riyadh
Crown Prince Abdullah yesterday became Saudi Arabia’s new monarch following the death of King Fahd, whose funeral will take place today.
- US lawyer Sisco to replace Green at P&O Nedlloyd
AN AMERICAN lawyer is to take over as chief executive of P&O Nedlloyd as soon as the sale to AP Møller-Maersk is completed.
- Australian view on takeover is delayed
THE Australian Competition and Consumer Commission has delayed giving its view on the local impact of the AP MØller-Maersk takeover of P&O Nedlloyd while final details on P&O Nedlloyd’s withdrawal from a number of Australian conferences are agreed, reports Lloyd’s List DCN in Australia.
- Hong Kong owners criticise Joint War Committee on Malacca
THE Hong Kong Shipowners Association says there are fundamental flaws in the Joint War Committee’s decision to leave the door open to war risk assessments on ships sailing through the Malacca Strait, writes Mike Grinter in Hong Kong.
- BP launches Schiehallion blaze probe
BRITISH oil major BP has started an internal investigation into a fire on its Schiehallion floating production storage and offloading vessel, west of Shetland, writes Martyn Wingrove.
- Mitropoulos cements Egypt LNG training project plan
During an official visit to Egypt last week, International Maritime Organization secretary-general Efthimios Mitropoulos laid the foundation stone of a new specialist maritime training institute for liquefied natural gas operations.
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| AUGUST 1, 2005 |
- Chantiers electricians in spotlight
A group of Polish electricians working at Chantiers de l’Atlantique shipyard in St Nazaire, France, have gone on hunger strike because they have not been paid since June
- Bunker quality warning
BUNKER quality is declining worldwide and shippers could face problems complying with new sulphur oxide rules, the North of England P&I Club warned today
- LNG spurs US border feud
THE state of New Jersey has filed suit in the US Supreme Court against the neighbouring state of Delaware in a dispute involving BP’s Crown Landing LNG facility
- Controversial US energy bill passes
TANKER operators have little to fear from the Energy Bill passed by US Congress on 29 July, which is expected to have little short-term impact on oil imports
- SCI denies Bombay High allegations
SHIPPING Corp of India has denied allegations that the tragedy on the Bombay High platform was due to a fault on its support vessel Samudra Suraksha
- Tallink takes on ferry competitors
TALLINK has placed an order for a 27-kt ice classed ro-pax ferry for its Tallinn, Estonia-Helsinki, Finland route in a move that will cause competitors grave concern
- Iran begins European LNG deals
- Grounded ship back at anchorage
- Mercator plans future growth
- Inter-Korea trading date agreed
- SCI posts weaker quarter
- Vancouver truck settlement rejected
- Indonesian THC issue clarified
- APM / PONL deadline approaches
- PSA listing speculation quashed
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| AUGUST 1, 2005 |
- Attempt to salvage Vancouver deal
A mediator is continuing to work on a settlement to end the five-week-old strike that has shut down local container traffic at Canadian port.
- U.S., EU approve Maersk-P&O bid
- Box rally not over yet
- Congress approves highway bill
- Highway bill 'major win' for LA
- No subsidies, says WTO chief
- Rotterdam growth to ease
- DHL expands U.S. SCS
- NYK makes Russia plans
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| AUGUST 1, 2005 |
- Anger as truck companies reject strike deal
Canadian authorities and shippers are alarmed that a settlement proposed by a federal mediator to a prolonged truck strike has been rejected by trucking companies.
- HK mid-stream on the rocks says off-shore operator
Hong Kong mid-stream operators remain pessimistic about the future, saying the competition from Shenzhen and the increased capacity at Kwai Chung container terminals have left them limited space to survive.
- US Highway Bill finally gets into gear, as compromise approved
- Mumbai rains halt container movement
- Hanjin to implement PSS on SW Asian routes
- Indian Subcontinent shippers to oppose carriers’ anti-trust immunity
- US/Caribbean/CAFTA agreement heads to White House
- Shinsundae Container Terminal attracts new services
- Chinese customs prepares for tariff-free fruit
- Rotterdam posts 15% H1 rise, and predicts 10% ‘minimum’ for 2005
- DPA sign up to manage Mina Zayed
- NYK opens Moscow office
- Fréjus to re-open Thursday with one-way traffic for trucks
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| AUGUST 1, 2005 |
- Chinese crew win freedom
But not so free for owners as wages of 50,000 independents prosper in opening labour market.
- Express Samina crew grilled
Crew, officers and government inspectors are in the spotlight as a Greek court looks into a deadly sinking.
- Aker Yards wins ice job
Estonia's Tallink is spending $135m on a fast ferry from Aker Yards in Helsinki.
- Sonatrach goes with AET
American Eagle will order three tankers for Algeria, which wants eight more crude newbuildings after that.
- Titan denies VLCC buy
Market sources say Titan and Dynacom are close. Titan says it has been nowhere near.
- Errors led to fatal collision
Indonesian court finds there was navigational fault by both piloted ships.
- DSME slumps to loss
Surging steel prices take their toll on the world’s second largest shipbuilder in second quarter.
- US clears Maersk deal
Takeover of P&O Nedlloyd is waved through as deadline for antitrust move under the Hart-Scott-Rodino act passes.
- Q-flex LNG ships priced
Yards conclude contracts with owners on recent 12 large-ship LNG carrier order from Qatar.
- SSC appoint Lua
Ex-NOL veteran Lua Cheng Eng has been made a board member at Singapore Shipping Corp.
- Fredriksen adds Cypriot director
Politician and business consultant Frixos Savvides has come on board at Frontline and Golar.
- PSA listing remains on hold
CEO Eddie Teh says “time is not right” for Singapore container terminal operator to go public.
- CSG scraps handy
China Shipping Group is using its own domestic subsidiary to send an older tanker for demolition.
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| AUGUST 1, 2005 |
- CP Ships in "possible transaction" talks
- Authorities O.K. Maersk Sealand takeover of P&O Nedlloyd
- Transatlantic carriers confirm rate increases for October
- Tropical Shipping's profit, revenue climb in 2nd quarter
- Marad awards disposal contracts
- TNT records flat second quarter net income growth
- US Airways announces $62 million net loss in second quarter
- Highway Bill passed to firm up surface transport funding
- CBP warns importers of upcoming wood packaging enforcement
- International Chamber disappointed with Doha Round progress
- OFAC clarifies Cuba trade rules
- U.S. Grain Council receives USDA grain donation for work in Iraq
- Customs proposes new Port of Entry for Tennessee Tri-Cities area
- Ports of Indiana first half cargo up 19%
- Port of Olympia, Wash., to get federal funding
- Port of Philadelphia starts intermodal incentive program
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| AUGUST 1, 2005 |
- Tallink orders large fast ferry from Aker Finnyard
AS Tallink Grupp has placed an order for a large, fast car and passenger ferry with Aker Finnyards. The EUR ...
- EU and US approval for Mærsk purchase of Nedlloyd
A.P. Møller-Mærsk has come one step closer to the final purchase of Royal P&O Nedlloyd. Last Friday the ...
- Low market value for fast ferries
The catamaran "Superfast Express" has been sold to Buquebus and will be deployed on a Gibraltar service. The 900-passenger ...
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| AUGUST 1, 2005 |
- Crude pressures bunker prices, no effect from refinery fires
US Gulf and east coast bunker suppliers watching record prices on the crude markets but refinery outages having little effect on prices or supply.
- Oil prices soaring as high as a kite
As oil prices exceed $60 a barrel, a California-based company claims it has an age-old solution to rising ship operater costs and growing environmental pressures.
- IMO to consider ship-to-ship (STS) regulations
The IMO's Marine Environment Protection Committee (MEPC) has agreed to consider the development of amendments to MARPOL to prevent the risk of pollution during ship-to-ship (STS) transfers.
- MEPC approves fuel tank protection regulations
New draft regulations governing fuel tank protection have been approved by the International Maritime Organization (IMO)'s Marine Environment Protection Committee (MEPC).
- IMO outlines MARPOL Annex VI revisions
In addition to adopting several amendments to MARPOL Annex VI and hammering out more guidelines for the regulation, the IMO has outlined a review process that could signal a tightening of emission controls.
- Kochi Refineries: Big advantage for new bunker facility
Former port official says Kochi Refineries Ltd. has a big advantage in securing a share of a proposed new bunker facility at Kochi port (formerly Cochin).
- IMO confirms North Sea SECA
The North Sea has been adopted as a SECA under MARPOL Annex VI, bringing the EU and the IMO broadly into line, but the EU continues to push for even stricter emission controls.
- P&O Nedlloyd takeover gets regulatory approval
The takeover of P&O Nedlloyd by AP Moller-Maersk has been approved by both the European Commission and the US, and is expected to be completed by August 8.
- Russian tanker spills oil into Neva river
A Russian oil tanker loaded with over 3,000 mt of fuel struck the pier of the Troitsky bridge in St Petersburg on Saturday, causing oil to leak into the Neva River.
- Revised sewage rules enter into force
Revised international MARPOL Annex IV regulations on preventing sewage pollution of the sea enter into force today, August 1, 2005.
- Japan: June bunker sales up both on month and year
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