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| MAY 4, 2005 |
Shipping News
- PSA Int'l makes fresh foray into Indian port market
PSA International has made another foray into India - this time for the northern port of Kandla and via its Italian terminal venture, Voltri Terminal Europa.
- Kuwait invites bids for US$2b mega-port project
EYEING a slice of the expected rise in container cargo movements in the region, Kuwait is the latest country to jump on the mega-container port bandwagon with the acceptance of bids for the first phase of a US$2 billion project.
- Liner industry expected to steam ahead
THE liner shipping industry is on a roll. Ocean carriers are currently enjoying a boom, which started towards the end of 2002, when a shift of manufacturing to China - initially from North America and then Europe - produced double-digit growth in cargo volumes and with it, a rise in what shipping lines could charge their customers.
- NOL box volume up 11% in four weeks to April 8
- Greek navy probing incident on Norwegian vessel
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| MAY 4, 2005 |
- MOL MD warns of higher freight rates on the horizon
- Kuehne + Nagel is tops in logistics: chairman
- NYK trains Chinese cadets for life out at sea
- Fedex says costs are pushing up freight charges in US
- TT Club Australia agent moves to new office
- TNT receives logistics, road haulier gongs
- Japanese carrier ships 600-TEU of aid supplies to tsunami victims
- Cathay Pacific freighter conversion underway
- China Southern boosts frequency of Singapore-Guangzhou service
- Alaska Airlines able to cut pilots wages: arbitrator
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| MAY 4, 2005 |
- ACL to launch PIX service
- MPs’ panel wants coastal vessels to come under tonnage tax
- Nile Dutch Africa Line appoints Ahlers India as general agent in India
- DGS directs PSCOs to detain only ‘substantially substandard’ ships
- Burgeoning Chinese economy helps Indian shipping cos earn more
- Efforts under way to develop modern, model port within Mormugao Port
- VSPL registers single-day unloading record
- Logistics providers to make inroads into the dragon’s domain
- FIF reaffirms resolve to withdraw support to A. P. Moller Group
- Duty drawback rates to cover 2,620 products
- A billion dollars more in forex kitty
- Lok Sabha passes Finance Bill
- PM constitutes Trade & Economic Relations Committee
- SEZ units may get I-T exemption
- Pakistan sub-committee declares Gwadar tax-free zone for 30 years
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| MAY 3, 2005 |
- Lubrizol corporation posts 29% net income growth for Q1
Lubricants additives supplier shows solid growth through the first quarter despite higher raw material costs and lower shipment volume.
- No spill reported after detained ro-ro vessel runs aground
- Rotterdam: Prompt enquiries carry large premium
- PTP bunker terminal operator acquires four shipping companies
Sumatec Resources consolidates its position in the bunker market at Malaysia's Port of Tanjung Pelepas with the acquisition of four coastal tanker operators in a move that may ward off potential competitors.
- Fuel Cell power for ships may prove viable
As the shipping industry faces increasingly stringent emission regulations around the world, new technology is being developed that offers huge environmental benefits. Speaking at the International Bunker Conference in Rotterdam, Wärtsilä proposed that fuel cells can become a viable power source for ships.
- Port of Fujairah thrives on active bunkering market
Fujairah's burgeoning bunker market attracts major companies to set up ship building and repair centre in the region.
- Singapore: MPA confirms appointment
The Maritime and Port Authority of Singapore officially announced today the new Head of Marine Services Department.
- OPEC: No immediate need to raise oil output
OPEC president said yesterday that oil production level was already above the official quota and there was no immediate need to pump more oil.
- Oil tanker rates likely to fall again
Oil tanker rates for shipping crude from the Middle East to refineries worldwide are expected to fall again for a second week.
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| MAY 3, 2005 |
- Woodfield selects Network Enterprise software
- Germany: EUR 2 billion for transport infrastructure
- Gefco: cross-docking logistics for PSA Peugeot Citroën in Slovakia
- Antwerp/Rotterdam: long waits for container barges
- Lufthansa offers daily non-stop Munich-Washington flights
- Aberdeen reports record growth in 2004
- NOL appoints deputy president
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| MAY 3, 2005 |
- ESPO: "EC could harm port investment"
- MOL exec says shippers will pay more
- Seatrade buys 15 reefers
- London Club highlights access way dangers
- BV extends Health Onboard management programme
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| MAY 3, 2005 |
- U.S. Shipping Partners reports increased income
- ChevronTexaco orders two LNG carriers
- Adriatic offshore LNG terminal plans move head
- Panama Canal gets tougher on on-deck container counts
- Tougher maritime terror treaties on the way
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| MAY 4, 2005 |
- ChevronTexaco orders LNG pair against 'planned growth'
CHEVRONTEXACO has announced that it has ordered two liquefied natural gas (LNG) carriers from Samsung Heavy Industries of South Korea to support the planned growth in the company's LNG business.
- ChevronTexaco in Samsung $384m double gas carrier deal
CHEVRONTEXACO, the second largest US oil major, yesterday confirmed it had ordered two 154,800 cu m liquefied natural gas carriers at Samsung Heavy Industries of South Korea in a deal priced by the shipyard at $384.2m.
- Libya enters big league with Shell LNG export pact
LIBYA’s ambition to reclaim a more prominent place at the table of liquefied natural gas exporters is set to become a reality following a deal with Shell.
- Carnival Liberty is put through its paces
CARNIVAL Cruise Lines’ new 110,000-ton Carnival Liberty is shown here in the Adriatic Sea during ongoing sea trials.
- Scandlines acts to halt scrapping
BALTIC ferry company Scandlines is reported to be trying to stop its two former ferries from being scrapped in India.
- Master’s mistake sets off Greek piracy alert
A SHIP master’s gaffe was responsible for triggering a hijack alert off the Peloponnese on Monday afternoon, Greece’s ministry of merchant marine has said.
- Koreans lift the lid on coatings crisis
Korean shipbuilders have appealed for more time to consider the economic and practical implications of measures which will specify the performance standards of protective coatings for ballast tank spaces in double-hulled ships.
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| MAY 3, 2005 |
- California backs Baja plan
PLANS to build a new container port on Mexico’s Baja peninsula are being welcomed in Southern California by industry insiders who say there is plenty of cargo to go around
- Nice little earner from Stelios
EASYCRUISE will break even in three years and become profitable in five, and there are no plans at present for a second ship, says Stelios Haji-Ioannou
- Carriers seek US relief
THE strain on US inland transport services has spurred international carriers to seek government support, but it is unclear whether anyone is listening
- Hapag-Lloyd trims management
- 'Huge potential' for UK cruising
- Hamburg box focus slammed
- AP Moller controls 47% of Pipavav
- Norovirus outbreak redefined
- Spanish LNG ventures combine
- Atlantic carriers, shippers clash
- Boundary links to boost Hong Kong
- One killed as ferry, launch collide
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| MAY 3, 2005 |
- No illusion: LA-Long Beach all clear
- Big box ship orders slow
- Royster to lead Port of Baltimore
- U.S., EU push for Doha progress
- Panama Canal tonnage up
- Indian port adds box terminal
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| MAY 3, 2005 |
- Mandelson calls for feasibility study on EU-ASEAN trade agreement
European Trade Commissioner Peter Mandelson has called for a feasibility study of an EU-Association of SouthEast Asian Nations (ASEAN) trade-agreement, stressing the EU’s need to co-operate with Asia.
- Revised MSC Capricorn service debuts
- HMM weighs into Samudera-Evergreen service
- Deadline nears for Australian Customs makeover
- Cosco orders four more 10,000TEU giants
- Railion brand rolls south into Italy
- APMM Group increases share at Pipavav after ownership restructure
- Oakland radiation detectors up and running
- Dutch NVO to make Impect with 45ft multifunctional containers
- Rotterdam accommodates largest container-vessel
- NYK opens NYK Logistics UK organisation
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| MAY 3, 2005 |
- Hess ships in first public profit
New York-listed US Shipping Partners back in the black after previous quarter's loss.
- Silja lines up ro-paxes
Aker Finnyards to build duo for Finnish ferry operator modernising its fleet.
- Bharati on the rise
Busier Indian shipbuilder more than quadruples earnings in year to 31 March.
- Yard deal spins cash for Cosco
Profits soar for Singapore-listed bulk owner as it expands shipyard empire.
- Solvang soars
But Norwegian gas carrier owner reliant on financial items to boost profit in first quarter.
- BC Ferries boss sued
Canadian shipyard union chief takes David Hahn to court over verbal attacks.
- Profits double for Q-Ship
Doha operator on track to trounce last year's record result.
- Expansion pays for Varun
Indian tanker and gas carrier owner builds profit on back of bigger fleet.
- Neglected Emma grounds
Cargoship detained for 15 months in Canada gashes hull after breaking mooring line.
- Humpuss bumps up profit
Indonesian tanker owner racks up first quarter improvements in earnings and revenues.
- Earnings surge at Evergreen
Taiwanese liner giant sees first quarter net income jump 52% on increased demand from US market.
- Taca plans rate rise
Container conference announces new round of increases for westbound transatlantic cargoes.
- Bluebridge back in the spotlight
One person killed and another injured after ferry already under investigation collides with boat.
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| MAY 3, 2005 |
- MarAd opens VISA enrollment
- After capacity cuts, rates rise on Europe/Canada route
- COSCO orders four more 10,000-TEU ships
- Nordana switches Spain calls
- Hyundai jumps Far East/India services
- Coast Guard will impose entry conditions on certain ships
- Regional Container Lines appoints Mitsui-Soko as Japan agent
- American Airlines joins Unisys' cargo portal
- Delta starts daily non-stop New York/Berlin flights
- Continental Airlines' cargo drops 4% in April
- BNSF to acquire Core railroad line for $41.64 million
- New USTR chief in Paris for global trade meetings
- USDA meeting to cover proposed new import category for nursery stock
- European port lobby proposes dropping "self-handling" proposal
- CN doubles new Prince Rupert terminal contribution
- Port of New York and New Jersey opens 45-foot channels
- Delaware port signs 5-year agreement with Chilean fruit importer
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| MAY 3, 2005 |
- Silja and Aker signs LoI for ropaxes
Silja Line and Aker Finnyards have signed a Letter of Intent covering two ropax vessels. An order is worth EUR ...
- Inadvertant distress signal from Norwegian vessel
Norwegian cement carrier KCL "Banner" sent out a distress signal by mistake on Monday off Greece leading the Greek Coast ...
- Passengers on forced cruise
Twelve passengers on Smyril Line’s MS “Norrøna” were more or less forced to take an extra cruise to Shetland, the ...
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