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| FEBRUARY 4, 2005 |
Shipping News
- Indian government backs US$1.3b rail link to ports
INDIA's Shipping Ministry is backing the setting up of a US$1.3 billion freight only rail line linking the interior to the major ports, as the country seeks to ease the transport of goods for exports.
- SembMarine unit wins US$133.7m rig order
SEMBCORP Marine subsidiary PPL Shipyard has won a US$133.7 million contract from Indonesia's largest oil and gas exploration company for the construction of a deep-water jack-up rig.
- US Coast Guard looks underwater
FEARING that the United States' ports are vulnerable to an underwater attack, the US Coast Guard is extending its domestic law-enforcement mission into a new arena: the sea below.
- Royal Caribbean's Q4 loss widens to US$26m
- ONBOARD REVELRY
Admiralty Casebook
- Maritime liens not so cut and dried
AUS appeals court decision last month is a reminder to vessel owners to carefully preserve their rights under charterparty provisions or general maritime law, or risk losing their maritime lien over third-party cargo.
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| FEBRUARY 4, 2005 |
- No end in immediate sight to traffic jams at ports of LA, Long Beach
- P&O sells Plymouth development for US$103m
- FS Mackenzie develops Turkish operations
- Port of Hamburg reports strong growth for 2004
- Honour Lane opens Fuzhou branch office
- Jentzer joins Stinnes Intertec's management board
- Private airlines in India to fly to London for first time
- Pacific Blue to start cargo operations
- Lufthansa Cargo improves td.Pro standard product services
- UA pilots approve wage-cut deal
- Cargolux named best freight airline by magazine
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| FEBRUARY 4, 2005 |
- MOL starts BPO centre in city
- India has an efficient pool of resources, say MOL top brass
- Kamal Nath launches C’wealth’s India Trade & Investment Forum
- New Mangalore Port handles record 27.15 m tonnes cargo during April-Jan. 2004-05
- Capital subsidy may be granted for private port developers
- ‘Future of Arbitration’ conference on Sat.
- IMC to hold WR conference on VAT tomorrow
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| FEBRUARY 3, 2005 |
- Price falls fuel Italian bunker demand
- Singapore fuel oil stocks drop ahead of February arrivals
Singapore residual stocks drained over the past week, however fuel oil arrivals from the West to Asia expected to reach approximately 2m mt this month, possibly benefiting Singapore's squeezed bunker market.
- Arbitrage cargo drains ARA fuel oil stocks
Fuel oil stocks fall below year-ago levels as trader loads VLCC for Asia.
- Valero: Aruba acquistion 'paid out' by end Q1'05
Aruba refinery and bunker operation acquisition from El Paso in 2003 'paid out' by next quarter after successful year, says CEO.
- ARA barge market edges up
- Royal Caribbean results falter on high bunker prices
Shares in the Miami-based company closed at $49.35, down $3.65, after fourth-quarter loss widens to $25.8 million from $20m a year ago.
- O.W. Bunker welcomes new trader
- Holiday closures for the Chinese New Year
Celebrations of the Chinese New Year will cause widespread office and market closures next week.
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| FEBRUARY 4, 2005 |
- Birkart Systemverkehre to cooperate with Active Logistics
- Guinea: new customs regulations
- TNT Logistics to partner Magneti Marelli Aftermarket Poland
- Flyovers in Dakar, but opposition to a toll motorway
- Knafaim-Arkia Holding's airline activities to be split off
- Strike in Le Havre
- Danish transport leader honoured
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| FEBRUARY 3, 2005 |
- ICS warns on EU "threat to international maritime law"
- Stolt-Nielsen’s "marked improvement" in Q4
- Golden Ocean crosses 5% stake level in Jinhui
- S&P "A"s for North of England and UK Clubs
- Dubai Maritime Association mooted
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| FEBRUARY 3, 2005 |
- PVA elects new leadership
- ICS slams EU pollution moves
- Wartsila plans auxiliary engine production in China
- U.S. Shipping Partners reports strong growth in income
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| FEBRUARY 3, 2005 |
- Everett Port Commissioners Ok deal with Sierra Pacific
- US reports surface transport gains with NAFTA trading partners
- Port of Portland schedules Terminal 6 open house
- Greenbrier announces death
of company co-founder Alan James
- Matson Integrated Logistics buys Aquitane Assets
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| FEBRUARY 4, 2005 |
- Record Shell profits soured by new reserve cuts
ROYAL Dutch/Shell has reported the largest profits ever for a UK company, with a record net income of $18.5bn exceeding analysts’ expectations, on the back of surging oil prices and strong refining margins.
- Oil major hopes to see end of reserves saga
ROYAL Dutch/Shell hopes it can finally close the book on the hydrocarbon reserves downgrades that have plagued it since the start of last year when the scandal first broke, writes Martyn Wingrove.
- Wallenius Wilhelmsen dumps Southampton Container Handling for ABP
WALLENIUS Wilhelmsen has dropped Southampton Cargo Handling as its stevedore at Southampton, and switched its business to a unit of Associated British Ports, writes David Osler.
- Alarm bells ring as Asia to Europe box trades falter
AFTER two bumper years the Asia-to-Europe container trades have suddenly stalled, sending a shiver of alarm through the market.
- Petredec makes $166m VLGC move
Petredec, a leading liquefied petroleum gas trading and shipping company, has ordered two very large gas carriers from South Korea’s Hyundai Heavy Industries in a deal worth $166m, according to shipbroking reports, writes David Osler.
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| FEBRUARY 3, 2005 |
- SNCM unions paralyse operations
FRENCH ferry operator SNCM is struggling through a 24-hour strike today, called by leaders of the CGT union in protest against 'forthcoming dismantling and privatisation' of the company
- China lifts quotas on auto imports
VEHICLE imports into China are set to surge following lifting of quotas in line with commitments to World Trade Organisation
- Sakhalin boosts Busan volumes
THE development of the Sakhalin oil field in Russia has led to an increase of 20 per cent in volumes of container cargo transported between South Korea’s Busan port and Russia
- Los Angeles plan proves elusive
THE day after Long Beach adopted its ‘green’ policy, the neighbouring port of Los Angeles abruptly cancelled a key meeting on port pollution
- 'Disdainful treatment' needs fixing
A North American Port State Control inspector has written to Fairplay decrying the 'disdainful treatment' suffered by seafarers
- DryShips IPO doubles up
DRYSHIPS has nearly doubled its IPO size, from 7.1M to 13M shares, with pricing set at $18 a share today – at the high end of original estimates
- World number one crashes into the red
- Malta shipyards bankruptcy threat
- Sovcomflot looks to the spot market
- Vopak signs Antwerp agreement
- Taiwan lines cash in on boom
- HMM, Hanjin turn to mega ships
- Long Beach goes green
- Seven feared dead after sinking
- Fine for dangerous goods failure
- Golden Ocean sets up manager
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| FEBRUARY 3, 2005 |
- DHS to require container seals
Department of Homeland Security developing regulation that would mandate the use of high security seals on all ocean containers entering the U.S., a senior agency official said.
- Container traffic up 12% at West Coast ports
- Vancouver to expand facilities
- J.B. Hunt Transport profit doubles
- One-month hike for Europe-Asia boxes
- Cooper drops Alabama terminal bid
- CSX, Union Pacific plan western Mexico intermodal
- Port security grants money ill-spent, says think tank
- Maersk Line moves to bigger digs
- Continental joins Cargo Portal Services
- Israel averts port strike
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| FEBRUARY 3, 2005 |
- New Shenzhen toll free tunnel link eases cargo flow and reduces costs
The toll free section of an expressway linking Yantian Port with central Shenzhen is expected to lower transportation costs and lift efficiency.
- Abidjan regaining high ground
- US sonar addresses underwater threat
- Revision of Belgrade convention on track for end 2005
- Gwangyang throughput drops
- South Korea launches online port information system
- Tsakos receives ship from Korean shipyard
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| FEBRUARY 3, 2005 |
- Vafias mulls gas IPO
Harry Vafias says StealthGas needs to beef up its assets before hitting the Street.
- Veteran OSG exec calls it quits
Chief operating officer Robert Cowen championed OSG's drive for tax reform.
- US bags more big names
Genmar, Mitsui, Goulandris and OSG named after security-check failures.
- Eimskip boxship out of action
Dettifoss under tow to Rotterdam after steering blade breaks off in Atlantic.
- Row claims Ugland chief
Strategy and maybe slimming costs Morten Riis his job in expanding dry bulk company.
- Wartsila to build in China
Auxiliary diesel plant to be opened in Shanghai in joint venture with China Shipbuilding Industry Corp.
- Solvang triples its take
Norway's Solvang looks for rates to continue strong in all its gas-carrier sectors.
- Trans-Asia wants Japanese ships
Philippine ferry owner eyes overseas purchases as it seeks to renew fleet.
- Frontline sells stake in GOGL
Tanker owner retains less than .001% in bulker spinoff after disposals.
- Two die in sinking
Honduran cargoship founders off Malta, with four crew still missing.
- Maersk targets Central America
Danish boxship giant starts direct calls in Mexico from Asia in March.
- Taiwan to sell off yard
State could divest up to two-thirds of China Shipbuilding Corp this year.
- Hyundai profits down 68%
World’s largest shipbuilder suffers operating loss after raw materials leap in price.
- Pollution rules blasted
ICS chairman Rolf Westfal-Larsen slams EU "criminalisation" of accidental pollution.
- Acquisitions boost US Shipping
Addition of extra parcel tankers helps lift revenues at recently listed US flag tanker operator.
- Billung in at Golden Ocean
Head of bulker pools at Torvald Klaveness to become Oslo-listed owner's boss in May.
- PacBasin ship stuck off Oahu
Hong Kong owner’s laden handysize bulker goes aground off entrance to Hawaiian island.
- Malta probes Aurelia sinking
Maltese flag launches investigation into sinking of Seven Seas bulker off Japan.
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| FEBRUARY 3, 2005 |
- Shipowners oppose EU pollution criminality plan
- Yang Ming's net income rose 46% in 2004
- Maersk Sealand adds direct Asia/Central America service
- Maersk promotes Laungaard VP
- U.S. Airways' losses widen in fourth quarter
- Korean Cargo to serve new Japan airport
- CSX to tighten procedures at intermodal ramps
- Two shipper associations withdraw appeals of FMC NVO ruling
- TSA reviews utility of hazmat placards
- Ridge departs DHS with Chertoff in the wings
- Rep. Young regains prime homeland security role
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| FEBRUARY 3, 2005 |
- Wärtsilä starts production of auxiliary engines in China
Wärtsilä starts manufacturing marine auxiliary engines in China. A letter of intent has been signed about setting up an equally ...
- ICS attacks EU on spill criminalisation
EU’s Draft Directive on Ship Source Pollution, which seeks to criminalise seafarers involved in also accidental pollution, is fiercly attacked ...
- No "Scandinavian Star" trial in Denmark
The Danish National Attorney (Rigsadvokaten) have decided not to re-open the Scandinavian Star case. His decision comes after looking ...
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