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| FEBRUARY 3, 2005 |
Shipping News
- Cosco (S)'s focus fast shifting to shipyards
COSCO Corp will see its shipping business contribute less than 10 per cent of turnover by next year as its 51 per cent stake in the Cosco Shipyard Group rapidly transforms the company's focus from shipping to shipyards.
- Asian, Chinese buying stokes freight prices
STRONG demand for minerals in Asia and signs of fresh confidence in China's buying power signal more gains by a resurgent freight market, analysts said on Tuesday.
- Reefer rates seen peaking this year, sliding in next 3
A NEW study by UK-based Ocean Shipping Consultants has both good and bad news for dedicated reefer operators and container carriers.
- S Korean yards may raise output
- Elite police unit set up to protect S'pore waters
- 6 missing after freighter sinks off Japan
- DOUBLE MISHAP
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| FEBRUARY 3, 2005 |
- AWE4 service is launched from the Port of Savannah
- China Merchants invests US$265m in Waigaoqiao Free Trade Zone
- Singapore experiences strong port performance in 2004
- Fuzhou-Taiwan trade up 26 pc in 2004
- KICT, KPT sign Phase III development agreement
- EWL starts new Dutch Antilles, Jamaica, Costa Rica service
- HK-Shenzhen Western Corridor to open in July 2006
- Cost efficiency is the challenge for air industry in '05, says IATA
- AMI opens first office in Germany
- Generation Logistics selects IES software
- Jettainer names new director of business development
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| FEBRUARY 3, 2005 |
- SCI initiates moves to acquire 18 vessels
- New man at Barwil’s helm in India
- US, EU bedazzled by Indian jewellery
- US fries Indian shrimp exporters with higher dumping duty
- Way cleared for Paradip Port to handle petroleum products
- Mormugao Port sets new record in cargo handling
- KPT Board clears draft concession pact
- Another first for Mundra Port
- JNPT revokes suspension of handling import boxes of iron/steel scrap
- Exim trade link between ICD-Nagpur & VCT now well established
- Lalu favours 2-7 pc hike in freight rates
- Spices Board extends airfreight sops for cardamom exports till February 28
- Simplified exit scheme for companies notified
- Commerce Ministry seeks abolition of cesses on farm produce, exports
- Recent rains may raise wheat output by 2 m tonnes
- RBI to deal with violations of forex regulations
- Dumping duty on thermal paper recommended
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| FEBRUARY 2, 2005 |
- US oil inventory figures at a glance
- Petroplus buy-out sealed 'by mid-March'
Frisol and North Sea Petroleum owner Petroplus' US-backed half-billion-euro fund-backed management buy-out expected to be sealed by mid-March.
- IFO price falls fail to spur South Korean demand
Buying interest reportedly muted despite improved avails and upcoming holiday.
- US defense contracts extended
Contracts in Bahrain and India extended for IFO and MDO supplies.
- Bominflot expands global services with Ecuador alliance
Supply agreement with Ecuadorian company gives Bominflot its first foothold in the west coast of the Americas.
- Oil slips on expectations of US inventory build
Oil price roller-coaster continues as expectations of bearish US oil data overshadow bullish OPEC comments.
- ARA market little changed this morning
- Moderate moves in Saudi posted prices
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| FEBRUARY 2, 2005 |
- Frans Maas chooses "Cargobull Telematics"
- Germany: truck toll on trunk roads from 2006
- Naca Logistics group launches first phase of resource centre
- Terco intermodal terminal in Chavornay phased in
- Estonian Air extending cooperation with Aviareps
- CMA CGM/China Shipping launch third Asia-North America service
- Moorman elected to Norfolk Southern board
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| FEBRUARY 2, 2005 |
- OMI takes 2 more suezmaxes long-term
- Master injured in Gulf of Thailand attack
- Nordic American Tanker buys newbuilding resale
- Wallem and Vogemann in dry bulk partnership
- UK publishes, some, places of refuge
- ITF renews criticism of French 2nd register
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| FEBRUARY 2, 2005 |
- Data the key to maritime security says Horizon's Raymond
- USCG makes international affairs appointment
- House members seek GAO LNG probe
- MAN B&W power for Spanish tugs
- DHS simplifies vessel information filing process
- OMI charters Suezmax newbuilds
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| FEBRUARY 2, 2005 |
- Port of Portland freight volumes roll to new records in 2004
- Port of Olympia calling for aviation hangar proposals
- Hamburg Süd moving service to SSA Terminal in Oakland
- Demolition of alumina domes making way for Yang Ming in Tacoma
- Port of Hamburg delivers record cargo numbers during year
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| FEBRUARY 3, 2005 |
- US ‘spies in sky’ plan for airliners to track ships
THE US plans to harness commercial aircraft on the Pacific Great Circle Route to generate identification data about ships sailing within 2,000 nautical miles of its shores, a senior US Coast Guard official has said.
- HMM closes in on historic order for 9,000 teu containership octet
HYUNDAI Merchant Marine is close to finalising what would be its largest en bloc ship order of all time.
- Peel Ports front runner in bid for Mersey Docks
PEEL Ports is the hot favourite to take over Mersey Docks and Harbour Co after topping a rival overture for the Liverpool company.
- Twist to Philadelphia story as Røkke launches OceanBlue
Norwegian tycoon Kjell Inge Røkke, having failed to sell the third and fourth Jones Act containerships under construction at his Kvaerner Philadelphia Shipyard in the US market, has launched a company that proposes to buy them.
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| FEBRUARY 2, 2005 |
- Search underway for missing crew
JAPAN'S Coast Guard is conducting a search for six Ukrainian seafarers missing from a Malta-registered Handysize bulk carrier that sank off the Japanese island of Chichijima today
- HMM, Hanjin turn to mega ships
KOREAN shipping majors, Hyundai Merchant Marine and Hanjin Shipping are planning to acquire larger container ships in view of the surge in box volumes
- Taiwan lines cash in on boom
SABRE-rattling between China and its island neighbour failed to dent annual profits of Taiwan’s big three lines as they cashed in on booming mainland exports
- Canadian shipping fights oil rules
SHIPPING industry groups are hoping for changes to be recommended to Canadian environmental legislation by the countries Senate
- Venezuela may sell US refineries
THE Venezuelan government is considering the sale of its US-based refineries, a further sign of weakening oil ties between the two countries
- Ireland-France ferry relaunched
THE first sailing of the new Rosslare, Ireland to Cherbourg, France ferry link, which replaces the service previously operated by P&O Ferries, took place yesterday
- GAC acquires US agency partner
- P&O Ferries restructuring moves on
- Point Lisas strike threatened
- Have your say!
- Golden Ocean reveals Jinhui holding
- ABP hopeful for Hull feeder project
- Peel to bid £10 a share for Mersey
- Scrap price rise damages deals
- Hanjin Shipping pre-tax doubled
- Santander sues haulier union
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| FEBRUARY 2, 2005 |
- C-TPAT to require 'smart boxes'
Customs chief Bonner said the agency will offer nearly inspection-free clearance for shippers who use "smart" containers.
- Chertoff tells hearing: Don't neglect port security
- Spectacular demise for old Tacoma port landmark
- AISA withdraws NVO rule petition
- Maersk Sealand rolls out new Asia-Mex service
- Pacer income, revenue up in Q4
- Horizon CEO: Fight terror with technology
- British ports operator in takeover talks
- LA port cancels pollution meeting
- Hanjin profits doubled in 2004
- Coast Guard unveiling underwater security systems
- Menlo forms automotive logistics unit
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| FEBRUARY 2, 2005 |
- Dalian logistics park aims high
Dalian is realising its ambitions developing into a major transhipment and logistics hub in north east China with the phased opening of the Dalian Logistics Park.
- Short change: owners offer holiday charters
- Docker deaths raise LA safety concerns
- Keeping up with the Jones’s, new carrier set to shake up Hawaii trade
- Hanjin Shipping profits up and debt down
- Strong Chinese economy will sustain box shipping growth
- Maersk to launch Asia/Central America service
- Busan New Port capacity to go up to 5.5m TEU by 2009
- NZ unions fear container versatility
- Tacoma to get radiation detection equipment
- Hanjin and HMM mull ultra large boxship orders
- Korea records highest January trade surplus in history
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| FEBRUARY 2, 2005 |
- DryShips IPO nears pricing
Demand said surprisingly strong for Economou offering that could open floodgates for other Greek bulker owners.
- Economou doubles offering
DryShips IPO bulks up to 13m shares from 7.1m in same target range, could top $205m..
- Myanmar yard gets upgrade
Sinmalike in Yangon ready to take in international repair customers this month.
- What tanker slump?
Morgan Stanley upgrades industry view as as tanker stocks rebound from January doldrums.
- Stolt flags up big profit
Group on course for $90m pre-tax gain after releasing estimates as part of bond bid.
- Orey on expansion trail
Portuguese shipbroker and agency has money to spend on acquisitions.
- Seven-year hitch
OMI signs charters for first two Koenig/Sovcomflot ships, and banks small profit on sale of last single-hulls.
- China Merchants pegs two
VLCCs from Universal Shipbuilding rumoured to be costing around $90m each.
- Hanjin doubles up
Korean boxship owner sees 2004 net profit jump to KRW 645.7bn.
- Golden Ocean buys into Jinhui
John Fredriksen invests yet another chunk of his fortune, this time through Frontline’s bulker vehicle.
- Peel stalks Mersey Docks
UK group considers offer for Liverpool ports and feedership operator.
- Six crew missing off Japan
Sixteen rescued as Maltese-registered Seven Seas bulker sinks.
- Master avoids kidnap
Pirates steal cash from chemical tanker sailing off Vietnam, but ship’s captain resists abduction.
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| FEBRUARY 2, 2005 |
- Hanjin doubles net income for 2004
- FMC listens to carrier executives during second briefing
- Pacific International Lines enters transpacific
- Hamburg Sud reduces fuel charge, switches Oakland terminal
- New joint multipurpose service in U.S./Australia/New Zealand trade
- Maersk Sealand, Danish authorities start EU export refund trial
- D.C. Council votes for hazmat transport ban
- Pacer boosts earnings despite rail congestion
- U.S. Chamber ads push for highway bill passage
- World Cargo Alliance picks Management Dynamics software
- U.S. Customs drops C-TPAT requirement for ACE
- Port of Long Beach adopts "green port" policy
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| FEBRUARY 2, 2005 |
- Ro-ro blockaded in Halmstad
SolNiver Lines’ ro-ro vessel "Vikingland" is blockaded in Halmstad, Sweden. According to ITF inspector Sven Save the collective agreement ...
- Nordea expects EUR 150 mill. profit on shipping
Nordea and DnB NOR have consolidated their position among the leading shipping banks and now control around 40 per cent ...
- 4,000 wants jobs in Color Line
A little over 4,000 people has applied for 200 available jobs onboard Color Line’s "Prinsesse Ragnhild", which begins sailings from ...
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