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| JANUARY 3, 2005 |
Shipping News
- Tanker, spot freight rates begin to slump
TANKER and spot ocean freight rates have begun to slump as the number of vessels available outnumbered cargoes and holidays cut demand.
- Shipowners and ports offer aid
THE shipping and port communities in Malaysia and Singapore have stepped in offering their services and waiving port charges to assist in the international relief efforts for people in the tsunami-ravaged zones.
- CSX acquires stake in Asia Container for HK$1.58b
CSX World Terminals, which has interests in container ports in Hong Kong, China and other countries, will pay HK$1.58 billion to buy a 39.1 per cent stake in Asia Container Terminals from a unit of Sun Hung Kai Properties Ltd.
- Call to set Riau-Singapore sea boundary
- Insurer American Club upbeat on '05 outlook
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| JANUARY 3, 2005 |
- CMHI acquires 30pc stake in SIPG
- Future need of mega container ships questioned
- Port of Vancouver resumes operations at Terminals 2,3
- More reefers needed in China: report
- Hangzhou and Jiaxing to co-develop terminal
- Honda starts Guangzhou-Beijing container rail service
- Qantas offers free transport for tsunami relief
- French wine boosts KE cargo in November
- Continental orders 10 Boeing 7E7s
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| JANUARY 3, 2005 |
- Tonnage tax option: several shipping cos awaiting notifications
- DCI meets Dec. 31, 2004 deadline for ISPS code implementation
- IICL exams slated for September 2005
- Tsunami sinks Samudera vessel in Aceh
- Shipping industry rallies to distress signals from tsunami-hit
- UAE keen on investing in India: Minister
- From Vizag sails a shipload of love & relief
- VPT’s gesture
- Normalcy at Port Blair harbour vital for receiving relief materials
- Chennai Port Trust plans artificial beach as buffer against violent sea
- JNP rings out 2004 on a high note
- Major Ports, SCI & DCI contribute Rs 50 cr. to PM’s Relief Fund
- A-I, IA plan dedicated cargo operations
- Prosperous New Year dawns for textile exporters
- AEZ for chilli to come up in Guntur
- Travel cess mooted to finance airport projects
- Surat’s textile trade feels tsunami ripple
- DEPB rates revised on 83 textile product lines
- Economic impact on S-E Asia likely to be limited, says CSFB
- O. P. Garg, G. K. Gupta at Fieo helm
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| DECEMBER 31, 2004 |
- Japanese refiners plan cuts in January bunker sales
Bunker prices in Japan look set to maintain higher-than-usual premium on Singapore on tight local supply through January, possibly tempting refiners to import fuel oil from the republic.
- Rotterdam firm as 2004 draws to a close
- Singapore volumes break record with month to spare
Bunker sales in Singapore have already beaten last year's record with December figures still to be taken into account.
- Alaska: Disaster caused by engine failure
Engine failure has been mooted as the probable cause for the loss of Malaysian-flagged Selendang Ayu, which broke in two off the coast of Alaska and resulted in a large spill of fuel oil and the loss of some crew members.
- Panama Canal spill prevention regulations come into force
Panama spill prevention regulations for ships come into force tomorrow.
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| DECEMBER 31, 2004 |
- Seafarers missing after tsunami capsizes bulker
- Athos I heads for Atlantic Marine
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| DECEMBER 31, 2004 |
- ITC to examine impacts of trade deal with Central America
- US railroads top freight record with half of December remaining
- Coast Guard Auxiliary lists resolutions for boaters
- Container association schedules next round of examinations
- CSX World Terminals adds to ACT holdings
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| DECEMBER 31, 2004 |
- PSA waives port fees on aid shipments
PSA will waive all port handling charges incurred at its Singapore terminals for the transport of relief supplies for victims of tsunami-stricken countries, it said today
- Indian ports resume operations
ALL ports on the Indian east coast have resumed normal operations following the withdrawal of the government alert over a new tsunami
- Vizhinjam project takes a hit
THE TSUNAMI tragedy is likely to raise questions in India among other things on the viability of a proposed international container transhipment terminal at Vizhinjam, Kerala
- Cochin ops back to normal
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| DECEMBER 31, 2004 |
- Last ACT of the year in HK terminal saga
The incumbent shareholders of Asia Container Terminals (ACT) have confirmed their purchase of Sun Hung Kai Properties’ (SHKP) 56.7% ACT stake, in a deal signed this afternoon in Hong Kong.
- New-year Rotterdam resolved to reduce its risks and go back to basics
The new year will see Rotterdam Port Authority (RPA) focusing on core business, limiting exposure to the Betuwe Line, and addressing risks left behind by former CEO Willem Scholten.
- Gwangyang aims to boost container-handling 36% in 2005
- Correction: Colombo Port undamaged by tsunami
- Chennai Port Trust estimates tsunami losses at $5.72m
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| DECEMBER 31, 2004 |
- Not so Evergreen
Elderly founder of liner shipping empire, Yung-Fa Chang, details his succession plans.
- John Chandris takes profit
London Greek shipowner is set to get a little richer from his stake in Royal Caribbean Cruises.
- Tsunami damages panamax
Engine and pump rooms of Shipping Corporation of India tanker flooded by tidal wave.
- Excel appoint new CFO
Ex-investment banker Eleftherios A Papatrifon joins Gabriel Panayotides-controlled bulker firm.
- Shipping helps out
Increasing number of maritime organisations are donating to the appeal to help victims of the tsunami.
- CSG inks tanker orders
China Shipping Group puts pen to paper on deals for a third VLCC and four handymax tankers.
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