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| MAY 3, 2005 |
Shipping News
- Evergreen posts 52% surge in Q1 earnings
EVERGREEN Marine Corp, Asia's largest container shipping company, posted a profit for the seven straight quarter on increased demand for cargos from US retailers, including Wal-Mart Stores Inc.
- A Mexican blueprint to rival US ports
DESERT scrub, rows of broccoli and a few scattered Airstream trailers are about all that dot the seaside landscape at Punta Colonet.
- Seven transatlantic container lines plan to hike rates
THE rising costs of containerised shipping are once again being cited as the impetus for further rate hikes, this time by major container shipping lines operating on the Westbound transatlantic trade who also warned of further hikes later in the year.
- Tanker rates expected to dip again
- 6 rescued by ship after two-week sea ordeal
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| MAY 3, 2005 |
- Hamburg Sud warns of possible slump in 2006
- CP Ships to adopt single brand
- Heather Morris begins Long Beach PR job
- Shenzhen exports more TVs in Q1
- China Southern reports big improvement in 2004 profit
- Continental applies for direct flights from Houston to Buenos Aires
- DHL named best express operator at Asian awards ceremony
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| MAY 3, 2005 |
- Global Container Lines completes two decades in the business
- India, China boost P&O’s box volumes by 7 pc in Q1
- Essar net profit up by 195 pc in 2004-05
- FIF to withdraw support to A. P. Moller Group on all-India basis from May 9
- KPT Board clears ABG Heavy Industries proposal to develop container terminal
- Montenegro delegation impressed by strides taken by JNP
- India and the global container ports — By Dr Jose Paul, MA, PhD (Wales), FBIM, FCIT (London)
- Gujarat Pipavav Port Ltd prepares for further growth & development
- Forex reserves up by $ 88 million to $ 1,41,545 million
- Govt may table bill to make warehouse receipts legally acceptable
- Discussion on Credit policy at IMC tomorrow
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| MAY 2, 2005 |
- Evergreen profits up on US' cargo demand
"Upbeat" China-US trade sees Taiwanese shipping giant's Q1 profits soar, despite rising bunker fuel costs.
- World Fuel Services' profits up again
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| MAY 2, 2005 |
- TNT finishes first phase of RFID programme
- Germany: toll evasion made more difficult
- U-Freight expands Seoul headquarters
- Toll Collect expanding OBU workshop network
- Aviation Etihad buys into Cargolux
- MOL opens third Japan-Thailand loop
- Arcese new president of "Anita"
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| MAY 2, 2005 |
- Diamond Offshore goes to Keppel for two jackups
- Malaysia warns on private marine security escorts
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| MAY 2, 2005 |
- Greenbrier joins Babcock & Brown in railcar leasing arrangement
- Customs signs Port of Shanghai to container security program
- IMO begins next phase of ballast water program
- Washington transportation board Oks six percent boost to ferry fares
- Seattle cruise season set to begin this week
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| MAY 3, 2005 |
- Chinese giants square up in box battle
THE race for supremacy between China’s two largest container lines is reaching fever pitch, with Cosco reported to have placed an order for another four 10,000 teu ships and arch rival China Shipping actively looking for takeover targets.
- Seafarer dies after crewboat collides with tanker
ONE seafarer died of his wounds at the weekend after a collision between his small crew boat and a large tanker near the mouth of the Sabine Ship Channel on Thursday morning.
- Repsol and Gas Natural link to form global LNG force
Spanish energy groups Repsol YPF and Gas Natural SDG are creating a joint venture which they believe will be the third largest liquefied natural gas company in the world, based on sales volume, writes Tony Gray.
- Beleagured AIG adjusts books to regain trust
American International Group, the world’s largest insurer, will correct five years of results for reinsurance and other transactions that inflated net worth by about $2.7bn, $1bn more than an earlier estimate, Bloomberg reports.
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| MAY 2, 2005 |
- U.S. trade rep Portman meets EU counterpart
- NY/NJ opens deeper channels
- FedEx hikes LTL freight
- Marad opens VISA enrollment
- Evergreen net up 52 percent
- Intermodal gains for railroads
- Houston industry park breaks ground
- Yellow Roadway sweetens USF offer
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| MAY 2, 2005 |
- Kuwait looks for Bubiyan Island developers
Kuwait has invited bids for building the first phase of a state-of-the-art container port on Bubiyan Island at a cost of US$2billion, according to Public Works Minister Bader Al Humaidi.
- ESPO outlines constructive engagement with EC on ports
- Brokerage payments protest could hit Maersk India
- Inland terminals will smooth box flow says terminal operator
- Dutch award EuroMax construction contract
- Hanjin container freight index shows mixed March results
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| MAY 2, 2005 |
- Tschudi snaps up Danielsen
Norwegian owner will use Danish family firm as springboard to grow Estonian Shipping.
- Yang Ming prosperity continues
Modest rise in share price belies another strong quarter.
- Shih Wei rises again
Taiwanese bulker owner watches operating earnings grow in first quarter.
- Lisco ditches duo
DFDS’ Baltic subsidiary rids itself of smallest and slowest multipurpose vessels.
- Irish Ferries faces challenge
First quarter proves tough for Dublin-based owner hit by higher fuel bills and cheap airline competition.
- US draws up new blacklist
Ships calling at five countries will have to prove their mettle to coast guard officials.
- BLT booms
Expanding Indonesian tanker owner adds more than 200% to bottom line in first quarter.
- TMM wins Pemex charters
But Mexican transport group still in the red without asset sales.
- Ukrrichflot ups volumes
Ukrainian owner boosts 2004 cargo figures by 7%.
- ChevTex inks LNG ships
Oil major ChevronTexaco has firmed up orders for two large gas carriers at Samsung.
- Lower rates dent NATS
Weakened spot charter rates take their toll on expanding New York-listed suezmax tanker player.
- NYK expands in Europe
It teams with Hapag-Lloyd to start first North Europe – Eastern Mediterranean service.
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| MAY 2, 2005 |
- TACA reaffirms July rate hikes
- MOL executive sees end of low rates
- FedEx Freight rates to rise 5.6 percent
- CSI pre-screening begins in Shanghai
- Port of Le Havre reports traffic growth, congestion
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| MAY 2, 2005 |
- Scandlines takes action against ferry buyers
Scandlines has taken several steps in the matter of the two ferries "Margrethe" ex "Dronning Margrethe II" and "Regent I ...
- More vessels leave NIS
Another 44 vessels left the Norwegian International Ship Register (NIS) during the first quarter of the year and the number ...
- Broström cashes in on tanker sale
The sale of "Bro Tina" to Bryggen Shipping & Trading in Bergen will boost the Broström result. According to Broström, the ...
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