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07 April 2020 The on-line newspaper devoted to the world of transports 06:01 GMT+2

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The Business Timesweb site
JULY 4, 2005
Shipping News
  • Global shipping firms still doing well: S&P
    GLOBAL shipping companies continue to experience favourable market conditions, albeit below 2004 levels, leading to strong earnings and cash flows, according to a report published by Standard & Poor's Ratings Services on Friday.
  • India-Sri Lanka sea lane will slash sailing time
    INDIAN Prime Minister Manmohan Singh laid the foundation stone on Saturday for a shipping channel in a narrow strait lying between India and Sri Lanka that will slash travel time for ships between the Arabian Sea and Indian Ocean.
  • PTP seen gaining 1m boxes from Maersk-P&O merger
    MALAYSIA's Port of Tanjung Pelepas is set to see bigger container traffic following the AP Moller-Maersk acquisition of Anglo-Dutch carrier P&O Nedlloyd.
  • Bangladesh port seeks to curb piracy

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Sched Netweb site
JULY 4, 2005
  • MacAndrews offers Indamex service to more regions in India
  • OOCL adds extra features to its Japanese web site
  • U-Freight buys majority stake in Comax
  • NYNJ awards contract for expansion of port rail facility
  • Vanguard Container Lines takes over OV Container Line liner, COC operation
  • TT Club renews concerns over IMDG breaches
  • Wuxi to stage mainland's 1st textile logistics conference
  • China Eastern and JAL step up code sharing
  • Continental starts direct service between Big Apple and Berlin
  • Maersk Air services and charter activities sold to Icelandic company
  • Kitty Hawk takes veteran on Board

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Exim Indiaweb site
JULY 4, 2005
  • Chowgule Steamship to build dry dock in Ratnagiri to meet needs of small vessels
  • Mercator Lines strikes deal with Norway's Klaveness Shipping to take over 9 bulk carriers
  • J.S. Ocean Liners commences FCL services to Dubai ex-Kandla/Mundra Ports
  • Bush restores duty-free entry for several Indian products
  • Floriculture trade poised for big leap; exports cross Rs 250 cr.
  • Singapore eyes Punjab for investment
  • EU to import 10,000 tonnes raw sugar from India
  • Budhiraja spells out JNPT's development projects
  • Coir trade urges IGTPL to lower port tariff
  • Shanghai port alone handles more than the combined throughput of all Indian ports!
  • C. S. Manohar on JNPT Board of Trustees
  • Import cargo facility opened at Bangalore air cargo complex
  • Trial period of e-freight payment scheme extended
  • Separate corridor for CONCOR'S ICD-Dadri under study
  • Steel prices cut by Rs 2,000/tonne
  • Goa to establish 2 SEZs
  • TCI profit rises by 40 pc in 2004-05
  • India offers capital gains tax concession to Singapore

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International Transport Journalweb site
JULY 1, 2005
  • John J. Boudreau appointed as new president of Safmarine Inc
  • P&O makes USD 317 million profit on PONL sale
  • Sterling to absorb Maersk Air
  • Pallet Xpress joins Pall-Ex Network
  • WCAS acquires majority stake in Ozburn-Hessey Logistics

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Marine Logweb site
JULY 1, 2005
  • FERC rejects Providence LNG terminal
  • Seabulk acquisition complete
  • Aker American raises $125 million
  • No injuries in BC Ferries grounding

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World Wide Shipperweb site
JULY 1, 2005
  • Panama Canal Authority adding eight new Z-Tech tugs
  • Surface transport numbers up for NAFTA trading partners
  • Freight count up for US railroads
  • Port of Vancouver, USA opens facilities to public
  • Marcon names Coombe to team of ship brokers

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Lloyd's Listweb site
JULY 4, 2005
  • Frontline quiet on acquisition front
    LEADING tanker company remains committed to consolidation of the tanker industry but has no acquisitions planned at this time, the company's annual report discloses.
  • Greek PM weighs in to back revival of national flag
    KOSTAS Karamanlis, the prime minister of Greece, has thrown his full weight behind ambitions to revive the Greek flag, writes Julian Bray.
  • Longshoremen's union top brass charged with racketeering
    US FEDERAL authorities are preparing to wrest control of the powerful International Longshoremen's Association by dragging it into a massive civil racketeering lawsuit, an apparently well sourced report in the New York Times said on Friday.
  • Rokke faces jail for bribery and false statements
    KJELL Inge Rokke has been sentenced to a month in jail by a Norwegian court, writes Rajesh Joshi in New York.
  • Quintana slashes Wall Street offering
    QUINTANA Maritime, the panamax dry bulk owner, has cut its coming Nasdaq initial public offering by a third in yet another sign that US capital markets may no longer be ready to absorb shipping issues with no questions asked.

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Fairplayweb site
JULY 1, 2005
  • LNG facility sails for the Arctic
    EUROPE'S largest LNG regasification plant, the Norwegian Sn'hvit, which was constructed on a process barge, has left for the Arctic Circle from Cadiz in Spain
  • Mercator charters nine with options
    MERCATOR Lineshas told the Bombay Stock Exchange that it has signed a Memorandum of Agreement to charter nine ships ' all geared bulkers of 70,000dwt
  • Rain halts Indian shipbreaking
    TORRENTIAL rain lashing the southern Gujarat area of India has brought demolition activity to a halt
  • Rotterdam saved, Norway uncertain
    THE SS Rotterdam has been sold for euro1.75M ($2.11M) to a Rotterdam-based housing company and investment group Eurobalance
  • Controversial gas terminal approved
    WEAVERS Cove LNG terminal on Fall River in the US was approved by the US Federal Energy Regulatory Commission yesterday
  • Quintana unveils Molaris probe
  • Aker Yards' Rokke jailed
  • Shipping to ride steel demand wave
  • Heavy lift vessels hits warships
  • Aker American raises $125M
  • Cruise ship Royal Pacific capsizes
  • Singapore bunker alert disputed
  • Cleaning crew detained
  • Mediator enters BC truck strike
  • Ferry crashes through anchorage

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The Journal of Commerceweb site
JULY 1, 2005
  • Senate passes CAFTA trade bill
    Central American trade pact now goes to the House, where passage is a toss-up amid fight by sugar and textile interests.
  • UBS downgrades P&O
  • Kvaerner sells U.S. shipyard
  • Congress extends highway bill
  • Review set for Va. terminals
  • PA mulls new airport for NYC
  • Shanghai port trade up
  • China Shipping quits Singapore office
  • DHL gets DHS contract
  • Three vie for Guam port
  • Asia GM for Pilot Air

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Containerisation Internationalweb site
JULY 1, 2005
  • CMA CGM buys into Zeebrugge terminal
    CMA CGM is to buy into Zeebrugge's OCHZ terminal, the latest move by a carrier toward more terminal control, and a reversal of fortune for CMA CGM's terminal ambitions here.
  • FEFC's July GRI in jeopardy, as carrier confidence wanes
    Carriers and shippers appear to agree that the Far Eastern Freight Conference (FEFC) carriers will fail to make the latest rate increases announced today and Tuesday.
  • Mediator Ready to intervene in BC truck dispute
  • Jurong Port plans to expand abroad
  • SAECS trades ECT for APMT Rotterdam
  • End of Finnish paper dispute should see exports rolling out in a week or two
  • Swiss rail power-cut could have been avoided, says SBB
  • Jimmy Sarbh steps down as P&O South Asia and Middle East director
  • Tender for truck toll in Czech Republic
  • Shinsundae prepares for mega-ships

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TradeWindsweb site
JULY 1, 2005
  • TOP reloads
    Shareholders approve Pistiolis pitch for 50m more authorised shares, increasing prospects of secondary offering for growth-geared TOP Tankers.
  • NATS sounds off
    Herbjorn Hansson is defending a spot-chartering policy in a season of weakened rates.
  • Stealth offering
    Vafias family's Stealth LPG operation has made preliminary filing with SEC, but opinion split whether to push or pull Cantor-led IPO.
  • Rokke sentenced to jail
    Europe's leading shipbuilder must serve a month in jail.
  • Shipping scores low
    Just ten shipowners achieve investment grade status despite cash-rich years.
  • Hawaii strike averted
    Matson Navigation is said to be ready to pay an allegedly delinquent $1m to a sailors' welfare fund.
  • Charter double for Solstad
    Norwegian owner secures work for two offshore vessels in deal worth at least $26m.
  • Grain set to go-go .. at last
    Operator of UK's first LNG terminal for 20 years says commissioning cargo will arrive Monday.
  • Two oldies for Eidesvik
    Oslo-listed minibulker owner Wilson has picked up two pairs of chartered ships in as many days.
  • Royal Pacific turns turtle
    Elderly cruise ship capsizes in Taiwan's Kaohsiung harbour after firefighters battle blaze.
  • Grindrod buys into Oreport
    South African shipping group takes 50% slice of domestic logistics outfit.
  • Belships buys up cheap stock
    Slumping share price provides opportunity for some repurchases.
  • Ferry runs aground
    Canadian ro-pax smashes into marina near Vancouver after losing power.
  • Livanos-Johnsen venture prospers
    Peter Livanos's DryLog and New York-listed International Shipholding netted $11.5m in the first year of their capesize joint venture.
  • Grounded laker heads to yard
    CSL ship that closed section of St Lawrence River to spend week in Ontario for repairs.
  • Aker American raises $125m
    Heavily oversubscribed offer puts plan to build ten Jones Act tankers for OSG on course.
  • CSG leaves Singapore
    Chinese boxship giant to shift regional office to transhipment hub in Malaysia.
  • Adsteam subsidy stays
    Aussie towage firm wins more taxpayers cash to maintain domestic salvage and towage capability.

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American Shipperweb site
JULY 1, 2005
  • China COSCO stock falls on first trading day
  • Carriers dismiss EC consultants' conclusions on removal of immunity
  • Asia/Europe conference implements first peak season surcharge
  • Maersk in talks to buy intra-Europe shipping line Norse
  • CMA CGM invests in 400 eco-containers
  • Sea Star Line gets new containers and chassis
  • Korean Air suffers fall in air freight traffic
  • Boeing hires 3M's McNerney as new boss
  • BA World Cargo raises fuel surcharge
  • Pilot Air appoints Ng to tap into Asian market
  • Schneider looks for drivers
  • U-Freight gains control of fellow Hong Kong forwarder Comax
  • Arpin International names Dearborn to head expanded domestic unit
  • ILA denounces U.S. disclosure of racketeering lawsuit
  • Senate passes CAFTA legislation
  • U.S. extends GSP benefits to tsunami-damaged countries
  • Farm Bureau endorses Senate origin labeling legislation
  • Bush administration opposes extension of TRIA, unless modified
  • Wilson Logistics renamed TNT Freight Management
  • National Retail Systems launches trailer management system
  • PierPass sets eligibility for accounts at 500 containers
  • N.Y.-N.J. Port Authority expanding rail capacity
  • Ports of Indiana tonnage up 23%

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The Scandinavian Shipping Gazetteweb site
JULY 1, 2005
  • Røkke found guilty in bribery case
    The Oslo City Court found Kjell Inge Røkke guilty on all charges in the trial where Røkke was accused of ...
  • Danish scrap proposal to IMO meeting
    The Danish minister for Environmental Affairs, Connie Hedegaard, received massive support from her colleagues in EU for a proposal to ...
  • Wilson buys Multibulk
    Wilson Euro Carriers has bought Bergen owner Multibulk for NOK 13.0 million (EUR 1.6 million). The company owns the "Marble ...

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The Bunker Bulletinweb site
JULY 1, 2005
  • US bunker prices bullish ahead of long weekend
    Suppliers predictions confirmed as prices firm, crude up.
  • Yukos rumblings continue as Russia requests deal freeze
    Russia's justice ministry has requested that Lithuania and the Netherlands freeze any deals involving Yukos-controlled shares in the Baltic state's Mazeikiu Nafta refinery, a major source of product for its Rotterdam bunkering subsidiary Petroval Bunker Services B.V.
  • Volgotanker sets defences as Moscow closes in
    As Moscow sets its sights on Volgotanker in what many industry watchers are viewing as another Yukos style takeover, the company is doing what it can to defend its own position.
  • General strike adds to Genoa's supply woes
    Local sources expect no quick resolution to the dispute that is severely restricting bunkering capacity in the port.
  • Ship-Service: Future still uncertain after postponed meeting
    Sources at Polish bunker supplier Ship-Service SA told Bunkerworld today that yesterday's planned meeting of shareholders has been postponed, and that PKN Orlen remains the majority shareholder.
  • Petroplus sell-off results in SBI move
  • Rotterdam market firm this morning
  • Kaohsiung: Containment booms deployed after sinking
    Containment booms have been deployed around a sunken passenger ship carrying 200 tonnes of oil in Kaohsiung harbour, Taiwan, to prevent an environmental catastrophe.
  • Japan: Brighter outlook for bunker market
    The Japanese bunker market looks set to gain more vibrancy as Japanese traders reported a steady increase in sales volumes since last week.
  • Singapore: May bunker sales down on month
    Singapore bunker sales figures for May dropped 72,100 metric tonnes compared to April, while market sources said the bunker sales outlook for June is expected to be weak.
  • Johor authorities require bond before releasing Singapore tanker
    Johor authorities will not release the Singapore-owned tanker suspected of causing a five-kilometre-long oil spill until a bond of more than $52,000 is posted.

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