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| NOVEMBER 3, 2005 |
Shipping News
- China ore ports' backlog threatens growth: shipbrokers
CHINA, the world's largest iron ore importer, needs to clear the backlogs at ports that handle commodities used for steelmaking to reduce vessel delays and help sustain the nation's economic growth, according to analysts attending this week's World Shipping Summit in Shanghai.
- Indon govt to merge state ship makers
THE Indonesia government plans to merge several state-owned ship makers by 2009.
- Chinese ports seen handling 25% more cargo by 2010
WITH China's economy booming, its ports are projected to handle 25 percent more cargo traffic over the next five years, state media reported yesterday, citing a senior transport official.
- Subic Drydock to set up ship repair facility
- Toll may bid for P&O's Australian business
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| NOVEMBER 3, 2005 |
- Carriers to invest in second phase of Yangshan port in Shanghai
- Vanguard to service HK Govt Logistics Dept
- TSA lines report ongoing inland congestion
- NOL sees net profit rise 6pc in Q3
- Auckland sees strong box growth in September
- SIA Cargo boosts India-US services
- Airbus to open Shanghai warehouse
- UAL reports Q3 operating earnings of US$165m
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| NOVEMBER 2, 2005 |
- New AirBridge Cargo manager for Japan and Korea
- CP Ships to be completely integrated into Hapag-Lloyd
- Aerolineas Argentinas adds South American full-freighter flights
- Mixed developments at RFF
- Timetable for Exel acquisition process announced
- Open Skies
- Stora Enso joins Inttra
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| NOVEMBER 2, 2005 |
- Color Line signs LOI for fast ferries
- Pirates attack ship 250 miles off Somali coast
- Evergreen exec's mainland-Taiwan links plea
- Intertanko acts in California court saga
- P&O offloads logistics business
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| NOVEMBER 2, 2005 |
- ABS and Russian register extend cooperation
- Color Line and Aker Yards sign LOI
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| NOVEMBER 2, 2005 |
- Schnitzer announces purchase of Regional Recycling LLC
- All Nippon Airways places order for Boeing freighter conversions
- Public invited to hitch ride on NOAA ship in Bellingham
- Crowley adds additional ship to Eastern Caribbean service
- US trade with NAFTA partners breaks record during August
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- No consensus on box rate direction
THE World Shipping (China) Summit, held in Shanghai and organised by Cosco, closed Wednesday without coming to a consensus on the fate of container freight rates in the short to medium term.
- IPO fever hits London as Goldenport seeks £80m
GREEK shipowner Goldenport Holdings, which controls a fleet of 17 bulk carriers and containerships, is seeking to raise £80m ($141m) in the first shipping initial public offering on the full London Stock Exchange for many years.
- P&O chills out as DP World reveals big terminal plan
BRITISH ports and ferries group P&O and its would-be suitor from Dubai, DP World, yesterday both announced significant transactions unrelated to their takeover talks, writes Tony Gray.
- Flags of convenience are ‘assisting criminals’
THE International Maritime Bureau has hit out at flags of convenience, saying they are assisting criminal gangs by not making checks about the vessels being registered.
- Hoverspeed halts Dover fast ferry crossings
HOVERSPEED is to cease all Dover-Calais fast ferry crossings next Monday, with total closure now seemingly inevitable.
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| NOVEMBER 2, 2005 |
- Berlin slams ports directive
THE German government has condemned the proposed EU ports directive as superfluous and bureaucratic
- Chileans clean up after oil spills
CLEAN-up operations have been continuing after the Hong Kong-registered bulker Eider ran into rocks about 500m from the Chilean coast near Antofagasta on Monday
- Oil spill in Durban harbour
ABOUT 80 tons of bunker fuel spilled into Durban harbour yesterday during docking operations for the Ocean Africa container ship Doria
- P&O sale clears decks for takeover
P&O Group has sold its Cold Logistics business to Canada-based Versacold Holdings in a move that helps to clear the decks for a possible takeover
- Break-bulk losing out in recruitment
BREAK-bulk is losing out to containers in attracting new recruits as pay rates for box stevedores is far higher, the Breakbulk Conference in Houston has heard
- Ferries must take on air carriers
FERRIES must offer a travel experience not just a way of getting across, Scandlines' passenger division head Frank Havemann told the Seatrade convention
- Europe shipbuilding ‘marginal’ by 2030
- Double award for maritime innovation
- Financing weighs down Aries
- Santos moves to ward off bird flu
- Migrant Watch: US/Caribbean
- TSA warns on intermodal congestion
- California mulls goods movement
- IRI targets Asian expansion
- Maersk clarifies NZ port status
- Singapore warns bunker suppliers
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| NOVEMBER 2, 2005 |
- Maersk buying into Shanghai port
- Montreal boxes post gains
- Global air freight growth slows
- LA port, China in air-quality pact
- PIERS launches new Web site
- P&O sells cold logistics
- TNT Logistics launches RFID auto project
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| NOVEMBER 2, 2005 |
- P&O prepares for ports sale
P&O has announced the sale of its cold logistics division to Canadian operator Versacold Holdings Corp for around £183m, around its book value, said the company.
- Shadow boxing Carriers deliver blow to ailing charter rates
- Fencing over Russian rail, Aristov parries RZhD's privatisation thrust
- Drought hits Amazon draught
- Task Force to report on Vancouver truckers on Friday
- Dongbang Logistics moves into terminal operations
- RZhD to gauge effectiveness of rail-integration
- Canadian Pacific Railway names new President
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| NOVEMBER 2, 2005 |
- Teekay LNG to add suezmaxes
Teekay LNG Partners aims to issue new shares to buy three more suezmaxes from general partner Teekay Shipping.
- Quintana adds more profit
New York-listed bulker owner makes close to $800,000 in first six months of operation.
- Aboitiz hit by costs
Philippine ferry owner slips to nine-month loss as finance and fuel expenses rise.
- Goldenport seeks $340m valuation
Greek owner pitching to go public in London by year-end.
- Austal goes unconditional
Uncertainty banished over Hawaiian order for ferries at Australian yard.
- Bergen broker heads Wista
Marine insurance specialist Marita Scott of NorthEdge takes over as president of expansion minded women’s shipping association.
- Olsen companies rise
Oslo-listed Ganger Rolf and Bonheur pile on the profit in first three quarters.
- ABG aims high
Indian shipyard could raise up to $35m from IPO as it reveals price range.
- Goldenport to list in London
Paris Dragnis-controlled bulker and boxship owner bids to raise $140m on London stock exchange.
- Hurricanes dent Navigators
Katrina and Rita combine to push US-listed marine insurer into the red in third quarter.
- Color confirms ferries
Norwegian ferry group orders two high-speed vessels from Aker Yards.
- Toisa opens in Singapore
Gregory Callimanopulos’ support vessel operation sets up shop in the Lion Republic.
- Dubai to keep P&O ferries
DP World to bid for all of shrinking UK group, which has announced sale of its Cold Logistics business.
- Record quarter for Bluewater
Newly listed marine underwriter is in the money despite shipowners postponing renewals.
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| NOVEMBER 2, 2005 |
- Lin calls for end to Taiwan/mainland China trade restrictions
- Tropical Shipping's 3rd-quarter profit up 84%
- Maersk Sealand starts U.S. East Coast/Chile loop
- China Shipping establishes Korean holding company
- Crowley back to normal in South Florida
- IRI promotes Ng
- American Airlines starts daily nonstop Dallas/Osaka flights
- Continental Airlines' October cargo dips 0.8%
- Ghana International Airlines picks Macair Cargo as sales agent
- Pacer's 3rd-quarter profit up 29.2%
- Speed Transportation acquires neighbor G&W
- FMC reviews 9 OTI license applications
- P&O to sell cold logistics unit for $323 million
- U.S. expands QIZ concept in Egypt
- A.P. Moller-Maersk wants part of Yangshan development
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| NOVEMBER 2, 2005 |
- Aker Finnyards and Color Line signs LOI
Aker Finnyards and Color Line have signed a Letter of Intent to deliver two "Color Superspeed" fast passenger ferries in ...
- Coastal Express threathens to flag out
The new, merged Coastal Express company wants net wages for the crew or the vessels may be flagged out. The ...
- Veritas Tankers buys newbuilding
Rederi AB Veritas Tankers, Donsö, Sweden, has purchased a 10,500 DWT product/chemical tanker-resale from Besiktas Group in Turkey ...
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| NOVEMBER 2, 2005 |
- Valero to expand Aruba capacity, build new ex-pipe berth
US refining company building a new berth at its refinery as output is increased.
- DOE & API: Latest US inventory figures
Reports show wide discrepancies, but crude imports are back on track with DOE year-on-year figures looking healthy.
- AP Moeller-Maersk: Asian box traffic to surge by 2008
Container throughput in China, Hong Kong and Taiwan may rise to 133 million TEUs by 2008.
- Reports: China to scrap oil product import tariffs
China will reportedly scrap the import tariffs imposed on fuel oil and other oil products to help boost imports and relieve shortages.
- MPA raps two suppliers in off-spec fuel case
Port authority defends Singapore's bunkering standard in the wake of sample tampering speculation.
- Rotterdam steady to firm ahead of Midday
- Vessel leaks fuel oil at Durban harbour
A damaged vessel is believed to have caused the worst ever oil spill in South Africa's Durban harbour.
- PDVSA launches new double-hulled bunker vessel
First of new double-hulled vessels is launched in Venzuela.
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