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| MARCH 3, 2005 |
Shipping News
- IMO confident of strait security plan
AN International Maritime Organisation -brokered action plan for dealing with the sensitive issue of security in the Malacca Strait could be hammered out and endorsed at a ministerial conference later this year in Jakarta, the IMO chief said yesterday.
- Pirates injure Indon sailor in gun attack, abduct two
PIRATES shot and injured an Indonesian sailor and kidnapped two others from a tug boat in waters off northern Malaysia, the Star newspaper reported yesterday.
- Keppel's Philippine unit buoyed by shiprepair
REPAIR of more foreign vessels coupled with a strong domestic economy boosted the surge in profits last year of the listed Philippine unit of Singapore's Keppel group.
- Hull rule will force out 40% of affected tonnage this year
- China Merchants raises US$500m in bond sale abroad
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- Safmarine boosts Safari service
- Freight rates predicted to rise after Lunar New Year: Xinhua
- Groupage service between Spain, Australia launched
- Schenker keeps giant football exhibit rolling around Germany
- Deutsche Post 2004 revenue and earnings rise
- PHA, Port of Victoria sign deal to reduce air emissions
- Maersk Sealand enhances web site sevices
- China Eastern takes delivery of 2 Boeings
- Qantas boss coy about pending staff cuts
- Roadway Express expands airfreight service to Canada
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- Tax burden on ship sale proceeds lightened with retrospective effect from April 1, 2004
- Service tax burden may pass from dredging companies to ports and on to port users
- Valencia’s trade potential highlighted
- Indo-Korean study group to explore ways to improve economic ties
- NSICT excels in container handling during February
- Chennai Port crosses throughput target for 2004-05 in 11 months
- CONCOR’s CFS at Vizag to commence operations next month
- ICD-Sanathnagar prunes tariff rate for empty boxes
- Customs duty on equipment/machinery to be used in ICDs/CFSs halved
- SPV for infrastructure projects to operate under Finance Ministry
- CIE bags ISEPC’s top export award
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| MARCH 2, 2005 |
- Petroplus bunkering activities contribute to profitable year
Strong Q4 for Petroplus bunkering subsidiaries helps lift overall results.
- Record Q4 boosts annual profits for WFS
World Fuel Services Corporation announces record quarterly results and just over 25% rise in annual profits.
- DOE & API: Latest US oil inventory figures
- Russian player expands operations to Black Sea
After expanding rapidly in the northwest region of Russia, Flagship has recently begun offering bunker supply at a port in the Black Sea.
- GAC group opens sixth bunker office
GAC Bunker Fuels, part of the GAC Group, has opened its sixth dedicated bunker office in Colombo.
- Saudi posted prices rise again
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| MARCH 2, 2005 |
- 6th Logistics Forum Duisburg from 23 – 24 February 2005
- Masternaut launches HourTrak
- Brazil to invest in inland shipping
- M&M offers full service range in Romania
- Deutsche Bahn AG: drastic measures for railfreight sector
- Qatar Airways boosts Bahrain-Doha flights
- New shipping company for Airbus section established
- Kansas City Southern announces promotion of three executives
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| MARCH 2, 2005 |
- Law firm slams EC ports directive
- ISE buys Navios
- Wallem and Qingdao Cosco in JV
- Acquisitions boost growth in DNV
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| MARCH 2, 2005 |
- USCG Guidance on MARPOL phase out
- Horizon Lines files IPO registration
- USCG requests Clarke LNG threat analysis
- Giant FPSO for China
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| MARCH 2, 2005 |
- Portland Airport workshops target Chinese travelers
- ISE makes deal to purchase Navios
- Commerce says goodbye to longest-serving employee
- Union Pacific making moves to cut-back L.A. truck traffic
- RETCO post for Region 10 changing hands on Thursday
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- Poor health blamed as Tung decides to retire early
HONG Kong chief executive, and former shipping magnate, Tung Chee-Hwa, is to step down two years before the end of his term in office, according to sources close to the government and Beijing.
- Training at heart of Wallem partnership with Cosco
ASIA’S biggest shipmanager has joined forces with China’s largest carrier to launch a new shipmanagement venture operating out of Qingdao.
- Frangou’s ISE reels in Navios for $607m
Angeliki Frangou’s newly-listed International Shipping Enterprises has all but tied up the acquisition of Navios, the sophisticated dry bulk shipping group, in a deal worth more than $600m.
- Brussels seeks to stimulate debate with green paper on maritime policy
A BRUSSELS taskforce is to produce a green paper outlining the European Union’s future maritime policy, commissioner Joe Borg confirmed yesterday, writes Justin Stares in Brussels.
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| MARCH 2, 2005 |
- Izar transformed into Navantia
SPAIN’S new naval construction company, born from the disintegration of public shipbuilder Izar, has been named Navantia, the Spanish government said today
- Horizon Lines going public
HORIZON Lines is launching an IPO with a maximum offering price of $287.5M and will apply for a listing on the New York Stock Exchange
- Teamsters protests for independents
A PROTEST by Teamsters union members will be held at the Port of Miami in support of independent truckers
- No Celebration as virus hits twice
NOROVIRUS symptoms on Carnival Cruise Line’s Celebration may have ‘jumped’ to the successive cruise, infecting the 21 February sailing after hitting the previous voyage
- LR-F, C-MAP to work together
LLOYD’S Register-Fairplay has entered into an agreement with C-MAP, the Norwegian electronic chart provider, to promote each other's products
- Divert request to take off deceased
INDIA'S Director General of Shipping has asked Univan Ship Management to divert one of its woodchip carriers and release the body of the ship’s chief engineer
- Worker killed at US Gulf port
- Tough cruise market hits Birka
- China's iron ore curbs take effect
- Dispute over Lyttelton delays
- China starts box train to Frankfurt
- HK yet to decide on CT10 location
- Wallem, Cosco float joint venture
- Ramirez tackles PDVSA corruption
- China Shipping to boost Brazil link
- North West Shelf LNG expansion
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| MARCH 2, 2005 |
- Railroads see smoother peak season
After 2004's problems, Union Pacific, BNSF say shippers should expect to see marginal improvement in peak-season intermodal rail performance.
- ILWU: Don't blame us for delays
- Longshore union chief Spinosa questions PierPass
- House passes highway spending bill
- Shippers hit LA free-time cuts
- Doubts as box rates surge
- Horizon Lines files for IPO
- Security plan could shut Port of Vancouver
- Dry-bulk rates to ease
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| MARCH 2, 2005 |
- West Coast congestion set to feature again this peak season
Congestion on the US West Coast could prove to be as much of a feature of this year’s peak season as in 2004, as many of the causes remain unresolved.
- China takes further steps to ease concerns from foreign textile importers
- Cascading ships being swallowed up
- Maersk seeks Mexican way into US
- Shrimp exports through Chittagong shrink
- Union berates Bush Government for failure of port security policy
- Panama Canal ‘nearing capacity’ and needs investment, Cosco tells conference
- Tasmanian ports to merge
- Horizon Lines ownership to go public
- Port of Taranto tarantellas to 763,318TEU year-end
- Canadian Atlantic westbound demurrage charges increase
- KMTC books profits for 20th year in a row
- Masan to start construction of four berths in May
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| MARCH 2, 2005 |
- DNV profits dip
After-tax earnings fall 50% despite steady revenue as Norwegian tax changes play a part.
- Horizon guns for $280m
IPO proceeds will redeem bonds and pay off shareholders, but no mention made of fleet replacement.
- Virtual progress
Transpetro regains right to include 'paper' shipyards in its mammoth tanker newbuilding tender.
- GFI trials new FFA tool
FENICS Freight promises to expose trading opportunities in the derivatives market.
- Wallem and Cosco get together
Joint venture shipmanagement company to look after 13 Chinese-crewed vessels.
- Q-Ship plots expansion
Buoyed by record 2004 profits, Qatari tanker and gas carrier owner plans big share issue.
- Hunger strike by Pride women
Wives and mothers protest against detention of Russian crew of tanker African Pride in Nigerian smuggling case.
- Poles in for Transpetro order
Massive newbuilding tender leads Brazilian engineering group Nuclep to team up with Poland’s Stocznia Gdynia.
- Noble to raise $500m
New ten-year bond offering will give shipowner some breathing space on debt repayments.
- Tonnage tax a step closer
South Africa could introduce new regime next year in bid to boost ailing flag.
- Skaugen points to profits
Norwegian tanker and gas carrier owner is expecting big improvement in earnings for first quarter.
- Frangou wins Navios
International Shipping Enterprises enters into agreement to acquire Connecticut bulker owner.
- Jutha jubilant over profits
Time-charter rate increases of 50% and reduced bunker costs propel Thai owner to profitable year.
- Tokyo Steel to aid yards
Japan’s largest maker of steel from scrap is to turn its attention to shipbuilding’s steel shortages.
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| MARCH 2, 2005 |
- Castle Harlan seeks IPO for Horizon Lines
- Maersk Line Ltd. enters settlement with USSM
- Larger compensation to oil pollution victims enters into force
- Med/Canada lines raise westbound rates, demurrage charge
- Canadian transpacific carriers reduce fuel surcharge
- Maersk Sealand changes two Panama services
- NYK reduces North America-to-Hong Kong bunker surcharge
- Delmas hikes Asia/West Africa freight rates
- A&B appoints Ito as director, internal audit
- Continental's cargo up 3.9 percent in February
- D.C. Council initiates second round of hazmat ban
- PBB Logistics completes UIL, UCS purchases
- GENCO names Hackl VP
- Portland considers trucking international cargo to California
- Teamsters rally for Miami port drivers
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| MARCH 2, 2005 |
- Consafe rig to Sakhalin
Consafe Offshore has secured a six month charter for the accommodation and service rig "Safe Bristolia" during the development of ...
- Inquiry into fatal accident on Coastal Express vessel
A court of enquiry into the fatal accident on the Coastal Express vessel "Nordkapp" on Sunday began at Bodø this ...
- Last ditch effort to save "Norway"
A last ditch effort is being made by the French government to save the 1961-built cruise vessel "Norway" (formerly ...
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