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| JUNE 3, 2005 |
Shipping News
- TSA calls for planning ahead of peak season
A transpacific container shipping line industry body has called for advance planning and communication by all supply chain parties, as it warned of 'another challenging peak shipping season' ahead.
- Norway shipping industry still a global force
AS Norway prepares to host the biennial Nor-Shipping show next week, the country's maritime industry is looking ahead with a strange mixture of determination and anxiety.
- Pirates kidnap two Thais in latest Straits incident
PIRATES have kidnapped a Thai captain and crewman from a tanker in the busy Malacca Strait, in the latest of a string of sophisticated kidnap-for-ransom attacks, an international watchdog said yesterday.
- Rebate incentive plan for ro-ro operators revealed
SINGAPORE's maritime regulator has released details of its rebate incentive plan to attract more vehicle transhipment business here, with eligibility requirements including minimum vehicle numbers and compound annual growth targets.
- PPL Shipyard nails US$130m rig contract
SEMBCORP Marine subsidiary PPL Shipyard has secured another rig building contract worth US$130 million for its specialty jack-up design, as the Singapore marine company prepares to showcase its capabilities in Norway at next week's Nor-Shipping 2005 conference.
- ICTSI bags 20-year Madagascar port deal
THE Philippines' largest container port handler beat three other foreign bidders last Thursday to clinch a 20-year deal to operate, manage and modernise Madagascar's main port.
- China Cosco profits may fall 18% in '06
- Frontline calls for mergers in tanker market
Admiralty Casebook
- Charterers have charterparty clause to thank
THE charterers of a vessel that was hired for a single trip from US Gulf ports to South Korea have won a court declaration that the vessel was off hire for the six days that it spent waiting for a security inspection outside New Orleans.
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- Yangshan Port 1st phase to open end of 2005
- TSA lines gear up for peak season
- Asia-W Africa carriers to implement rate restoration increase
- Panalpina signs global cold deal with Envirotainer
- Hamburg Sud changes Seattle terminal
- Lamy to be WTO's 5th Director-General
- Airbus delays A380 delivery
- Sagawa Express becomes first operator of Airbus freighter in Japan
- Continental launches daily NY-Stockholm service
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- Major maritime event on June 16 & 17
- AP plans cruise liner services to Andamans
- IPBCC to continue suspension of Mumbai Area Congestion Charge till July 31
- Five cos in fray for operating lighterage port at Gopalpur
- Shipping Ministry undertakes viability study of Kulpi port
- ABG Shipyard to launch Rs 100-cr. IPO
- Upward trend in steel production, export
- EOU, SEZ pending issues to be resolved this month
- Omission of latest textile machinery in TUFS causing confusion to lending agencies
- Exim Bank chief presents dividend of Rs 65.44 cr. to FM
- FM asks states not to levy ST on textile products meant for exports
- Capital goods can be transferred for testing, repairs between EOUs without duty payment
- Rip-off: China pulls off export tariff lines on 78 items of clothing
- CII President to interact with media today
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- DOE & API at a glance: This week's US inventory data
- Financiers warming to barge building
The bunker industry is turning increasingly toward an environmentally sound future. An array of legislation will in the future place more restrictions on how bunker suppliers deliver their product. As always though, legislation comes with a price tag...so what do Singapore's barge operators and banks have to say about the costs of upgrading the fleet?
- Rotterdam firm with crude
- Singapore stocks of middle distillates near record levels
- Singapore: April bunker sales highest this year
Singapore bunker sales figures for April were the highest this year, increasing about 800,000 tonnes compared to March, according to the latest statistics from MPA.
- Seven bunker suppliers barred from island state market
With the lapse of MPA's deadline for meeting its Accreditation Scheme for Bunker Suppliers (ASBS) requirements yesterday, seven bunker suppliers were barred from selling bunker fuel.
- World oil prices back to high levels
World crude oil prices surged over $2 per barrel yesterday after the US driving season officially kicked off, raising concerns over US gasoline supplies.
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| JUNE 2, 2005 |
- Rutten appointed new Schiphol group COO
- Lauritzen Cool and NYK Reefers merger plans
- Malev set to join Oneworld
- Deutsche Bahn in the black, Railion in the red
- Frans Maas opens new terminal in Sofia
- Erfa requests social partner status
- Indian Railways to deploy GSM-R network
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| JUNE 2, 2005 |
- FEFC rates up again
- RINA and Indian Register join warship forces
- Singapore tax breaks attracts Norwegian owners
- MOL in gas carrier deal
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| JUNE 2, 2005 |
- Keppel wins $174 million FPU contract
- EC approves Spanish shipyard reshuffle
- Harvey Gulf to upgrade tugs to DP-1
- Fast response fireboat for LA County
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| JUNE 2, 2005 |
- Everett Port Commission sets North Marina FEIS
- Hazmat truck drivers have new TSA regulations
- Port of Portland reschedules Airport Noise Compatibility meeting
- Crowley subsidiary charters new articulated tug-barge
- International Trade Commission eyes fast track trade agreements
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| JUNE 3, 2005 |
- ACM/GFI ups ante in derivatives screen trade war
FORWARD Freight Agreement broking joint venture ACM/GFI has added a clearing service to its freight derivatives trading screen.
- McCreevy grasps nettle of liner shipping legislation
CHARLIE McCreevy will handle any new European Union legis- lation for the liner shipping industry, Brussels announced yesterday.
- Buy-side fears force Aries to take less cash
ARIES Maritime Transport has scaled back today’s Nasdaq initial public offering from $276m to $163m, with one source close to the listing saying yesterday that selling shareholders had bowed to investor concerns.
- Pair to share record LNG order
THE latest $2bn-plus segment of the largest combined ship order yet has been revealed.
- US electronic data rules threaten chaos
ALL commercial ships arriving in or departing from US ports will have to submit crucial data such as crew manifests only by electronic medium from Monday.
- Green slams Hamburg
THE port of Hamburg has been stunned by outspoken criticism of its handling procedures by P&O Nedlloyd, writes Katrin Berkenkopf in Cologne.
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- Aries cuts offering
ARIES Maritime Transport has scaled back its proposed IPO and is offering a third fewer shares than at first proposed, according to new documents filed with the SEC in the US
- APMT buys 50% of Brazilian terminal
APM Terminals has bought a 50% share in the Brazilian container terminal Teconvi at the port of Itajai
- Outsourcing spurs box growth
THE outsourcing of US manufacturing overseas has been dubbed a ‘revolutionary’ driver of the current container boom, and a new study confirms just how pronounced that shift is
- EC to keep tabs on Navantia
THE EC is to monitor Spain’s newly created state-owned shipbuilding company, Navantia, to make sure it complies with EU regulations
- Brazil’s infrastructure criticised
BRAZILIAN shippers' group Fiesp has severely criticised the country's transport infrastructure
- Inmarsat’s $2Bn IPO
- Pemex moves to chartering
- No Australian ports crisis
- VLCC rates face a year of decline
- Eimskip bought by air group
- Corruption at Tanjung Priok
- West Java plans international port
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| JUNE 2, 2005 |
- Yang Ming, ILA agree to contract
Longshore union and carrier have tentatively agreed on an initial contract covering the Taiwanese line's New Jersey port captains.
- China defends export surge
- Defense chiefs meet on sea security
- BA adds China capacity
- Baltic port new China target
- India textile exports to triple
- EU official to handle ocean antitrust
- May gain for Continental cargo
- Crowley promotes Warner to VP
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| JUNE 2, 2005 |
- HK textile community worried by disputes and grateful for mainland support
Hong Kong textile exporters have expressed anguish about the ongoing trade disputes between China, Europe and the US, though stress they appreciate Beijing’s arrangement in helping Hong Kong manufacturers.
- APMT buys into Itajai
AP Moller Terminals (APMT) has bought a 50% share in Brazil's Terminal de Conteineres do Vale do Itajai (Teconvi), announced APMT at Intermodal South America yesterday.
- Cosco to invest US$1.2billion in Hainan Island
- Global tender for Sethu Ship Canal
- Trieste forging ahead with new growth and a new blocktrain link
- Pacific National flags major terminal upgrades
- Transhipment cargo for Busan will see 14% annual growth in 2011
- Latvia’s Chinese courtship aimed at creating east-west logistics node
- MOL credit rating up with more stable financial status
- World Bank approves Russian Customs IT modernisation
- Busan Port to launch a string of sales activities
- Former APL Logistics man Moradian moves to Sumitrans 3PL
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- Aries prices below range
Greek owner said to sell 12.2m shares at $12.50, with no cashout for principals who sought $82m payday.
- Aries confirms shrunken IPO
Greek owner's offering slashes shares by one-third, cuts insiders' selloff by 69%, as company still hopes for $15 pricing.
- Stolt foiled
Connecticut Supreme Court declines to hear Stolt appeal of ruling that allows claims of former counsel Paul O'Brien to proceed to trial.
- Evergreen talks greenbacks
Taiwan liner shipping giant links with Japanese and Koreans to join ITF negotiations.
- Serrano backs TMM
Mexican owner’s chairman puts money where mouth is with share purchases.
- New life for Settebello
ABN Amro to invest $174m converting 20 year old ULCC for floating production project.
- MOL, K Line rated higher
Ratings agency Standard & Poor’s likes Japanese owners’ reduced debt and increased capital.
- Riga yard back on track
Latvian shipbuilder turns around loss in first quarter of 2005.
- Tankers in trouble
A top analyst says the market has overlooked a 'drastic' growth in the supply of VLCCs.
- Moller goes for Dalian duo
Danish giant clinches deal for more VLCCs in China, bringing the series total to nine.
- Precious picks up handies
Expanding Thai bulker player takes owned fleet to 54 vessels with acquisition of two more ships.
- Imabari extends
Japanese shipbuilder to increase capacity at Marugame yard by lengthening dock.
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| JUNE 2, 2005 |
- TSA tells shippers to prepare for peak season
- Carriers switch Seattle terminal on U.S. West Coast/Australasia loop
- Standard & Poor's raises MOL's long-term rating
- United States, Croatia sign PSI pact
- MacAndrews introduces faster ship on intra-Europe route
- A380 deliveries face 6-month delay
- SAS Cargo net income down 68%
- Continental Airlines' cargo down 8.2% in May
- Delta starts first ever Atlanta/Moscow flights
- Final phase of hazmat driver checks implemented
- FMC reviews 11 OTI license applications
- ServiceCraft Logistics names APL Logistics executive president, CEO
- ChemLogix appoints Snyder
- Study: Put more power in hands of MPA port director
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| JUNE 2, 2005 |
- Golar LNG could convert vessel to power plant
Golar LNG, which suffers from adverse market conditions with two vessels operating in spot and one on short-term hire ...
- Germans give up on Danish route
German ferry operator Förde Reederei from Flensburg has withdrawn the plans to start a ferry service on the Danish domestic ...
- 125 years anniversary for DFDS route
Today – June 2 – DFDS celebrates the 125 year anniversary of the first sailing between Esbjerg and Harwich. In 1880, the ...
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