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| AUGUST 4, 2005 |
Shipping News
- Ship owners slam war risk label for Malacca Strait
MOUNTING global pressure on London marine underwriters, who included the Malacca Strait as a war and terrorism risk, has led the Lloyd's Market Association's Joint War Committee to agree to hold an industry briefing.
- My years as a protector of seamen: Nathan
IT's a little known fact - President S R Nathan was a seamen's welfare officer during his early working years and deftly guided the forming of the first seamen's trade union here.
- Cosco S'pore expects more conversions
COSCO Corp Singapore Ltd, a ship repair and bulk carrier unit of China's largest shipping company, said it will repair more oil rigs, tankers and vessels that have higher margins, cutting its dependence on bulk carriers.
- P&O Nedlloyd H1 profit almost doubles
- NGV Tech wins RM6m contract
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| AUGUST 4, 2005 |
- Cosco to co-organise major shipping conference in Shanghai
- Shanghai capable of developing long-haul inter-modal connection
- "K" Line opens another office in China
- Seattle benefits from BC strike, report says
- Hanjin to introduce Mexico, Guatemala feeder service
- NYK opens representative office in Russia
- Exel to manage supply chain for Tripp
- United delays submission of documents to bankruptcy court
- SIA cargo rises in Q1 but profit slips
- AA to open new cargo export facility at London Heathrow
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| AUGUST 4, 2005 |
- Fieo estimates losses to exporters at Rs 4,500 cr.
- CCT now ready to handle more throughput
- Copt leases land to KRL to set up SBM facility
- JNPT takes prompt steps to decongest terminal
- Dr Jacob Thomas sees Cochin Port sailing into rosier horizons
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| AUGUST 3, 2005 |
- Levett to spearhead Hellmann ocean growth
- Bremerhaven's "Osthafen" to be enlarged
- Mumbai: Lufthansa cancels flights due to floods
- Merlin Rail – A new freight train operator in the UK
- TNT reports strong Q2/2005 performances in mail and express
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| AUGUST 3, 2005 |
- Spate of attempted boardings off Somalia
- US Shipping’s strong quarter
- Nordic American Tanker Shipping earnings stronger in Q2
- MARAD contract for Horizon
- Brittany orders at Aker
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| AUGUST 3, 2005 |
- Liberia offers reward for dismissed maritime officials
- Kleven books PSV order
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| AUGUST 3, 2005 |
- Interim license scheme putting BC truckers back to work
- Everett Port Commissioners name contractors for marina work
- Air cargo association taps Beijing for 2006 conference/general meeting
- Catellus signs lease option for Port of Olympia property
- New rules for wood packaging go into force on September 16
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- CMA CGM eyes CP Ships as next takeover target
CONTAINER shipping’s extraordinary summer continued yesterday when CMA CGM confirmed it was in talks with CP Ships "regarding a possible transaction".
- Profits at P&O Nedlloyd almost double in last six months of operation
P&O Nedlloyd has outperformed most other container lines in its final six months as an independent company, chief executive Philip Green said yesterday as he unveiled a near doubling of profits, writes Janet Porter.
- Former names lobby MPs to halt insolvency rules change
A PRESSURE group of former names at Lloyd’s is urging UK Members of Parliament and peers to fight to freeze a change in insolvency rules that they fear could put all 36,000 present and former names at risk of bankruptcy.
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| AUGUST 3, 2005 |
- Ghost export request
CONGRESSIONAL approval is being sought by the US MarAd for a plan to export more ghost ships – a scheme that requires exemptions from federal environmental rules
- Expansion drives DryShips profits
DRYSHIPS, the NASDAQ-listed dry bulk operator, reaped the profits of its dramatic expansion for the first time during its second quarter – with more to come
- Washington state cuts ferries
WASHINGTON State is to reduce the number of passenger-only ferries operated despite $65M in new US federal funds for the ferries
- Collision vessels reach Falmouth
BOTH the container ship Sierra Express and general cargo vessel Dogger have arrived at the UK port of Falmouth for inspection and repairs following yesterday's collision
- Polish electricians raise the stake
- CMA CGM/Delmas talks extended
- South African hit and run
- Teekay joins GE for Indian gas deal
- PONL posts strong results
- Brittany director general walks out
- Singapore seeks war risk talks
- Migrant Watch: US/Caribbean
- US short-sea interest criticised
- Storm Matsu upgraded to typhoon
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| AUGUST 3, 2005 |
- FMC to amend NVOCC contract rules
Agency wants to change rules to allow shippers associations with non-vessel-operating members to enter into contracts.
- Profits double for P&O Nedlloyd
- Charleston winnows bidders for terminal projects
- Vancouver boxes set to move today
- CMA CGM, CSCL joint bid for CP Ships: Report
- TTX system manages chassis
- Charges hit Pacer 2Q
- Halifax inks China Shipping deal
- CSXI holds fuel fee
- Loss for Kansas City Southern
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| AUGUST 3, 2005 |
- Future of CP Ships in the balance, as CMA CGM negotiates deal
Consolidation in the container shipping industry is gathering pace, with today’s confirmation by CMA CGM that it is in negotiations to buy CP Ships.
- Canada’s west coast container-trucking resuming momentum
Container-movements in and out of Port of Vancouver (PoV) began slowly improving today, after news that half the region’s trucking companies had signed an agreement proposed by a federal mediator.
- Continuing consolidation uncertainties ‘not helping’ charter market
- Full ships fail to kick-start flat rates say PONL
- AADA to introduce September PSS
- Maersk Sealand re-introduces China-MidEast direct link
- NSW government upheaval clouds Botany decision
- Third AAR international trial hailed a success
- APMM’s Sisco ready to go
- St Petersburg top two box-terminals to escape industrial action
- Mumbai port operations limping back to normality
- CSCL denies CP Ships bid
- Pyeongtaek's dedicated reefer facilities operational this month
- K Line opens new China office tomorrow
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| AUGUST 3, 2005 |
- Anek moves into cargo shipping
Greek ferry line makes surprise diversion into new area of operation.
- P&O Nedlloyd profits leap again
Better rates and tighter yield management puts line on course for full-year profit bonanza.
- CMA CGM owns up to talks with CP
French line also cites 'possible transaction', as speculation over joint bid with China Shipping intensifies.
- DryShips bulks up
Fleet expansion propels second quarter profits at George Economou’s US listed bulker vehicle.
- SembCorp snags Larsen order
Contract for $400m rig will push record orderbook even higher.
- NATS’ numbers down
Herbjorn Hansson's US-listed tanker outfit has seen a 30% decline in suezmax spot charter rates
- Collision off Lizard
Costamare boxship and Norwegian general cargo ship come together in English Channel.
- Brittany inks Aker ro-pax
Order from English Channel ferry operator follows hot on the heels of Tallink newbuilding deal.
- US Shipping turns it around
Reduced interest expenses plus extra operating income help US tanker owner sail into the black.
- Teekay details RasGas deal
US-listed tanker and gas carrier owner confirms newbuilding deals and charters for four LNG carriers.
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| AUGUST 3, 2005 |
- Maersk moves towards completion of P&O Nedlloyd takeover
- P&O Nedlloyd's first-half results boosted by higher margins, rates
- Maersk quits Central America Discussion Agreement
- UAL Corp. delays reorganization plan
- American's cargo volumes continue to decline
- LAN Airlines orders six more 767-300 airplanes
- UPS improves its freight tracking technology
- Delta Air Lines to add another U.S. mainland/Hawaii daily flight
- Software write-off cuts Pacer's 2nd-quarter net income
- FMC reviews 20 OTI license applications
- ITC investigates competition for U.S. fresh orange and lemon industry
- Smugglers nabbed shipping drugs in seafood shipment
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| AUGUST 3, 2005 |
- Shell puts paperwork officer on ships
The oil major Shell’s shipping and trading arm Stasco has increased their crews with an adminstration officer to relieve the ...
- Telemar expands in finland
Telemar Scandinavia in Sweden has purchased Finnish Navidec OY, specialised in sale and service of brands such as Sperry, Thrane ...
- APM Terminals wins Bahrain contract
APM Terminals in the A.P. Møller-Mærsk Group has secure a 25-year exclusive service contract at the Mina Salman ...
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| AUGUST 3, 2005 |
- Marine fuel shipment spilled in Alberta train crash
Bunker fuel oil spilling from 26 rail cars in a train derailment in Alberta, Canada.
- Oil prices ease after US oil inventory reports
Unexpected recovery in US crude imports sees oil ease off earlier record highs.
- Cyprus seeking one million tonnes of fuel oil
Cyprus looking to buy over one million metric tonnes of fuel oil from December.
- Crude prices touch new records
Fears about the future of Saudi Arabia, a ferocious hurricane season and stretched US refining capacity pushes oil prices to new all-time highs.
- P&I club highlights bunker quality and low sulphur issues
Bunker quality claims on the increase, potential problems ahead for compliance with sulphur legislation, P&I club warns.
- New appointment at O.W. Bunker & Trading A/S
- Bominflot announces low sulphur fuel oil supply
The Bominflot group has announced that low sulphur fuel oil will be available in Hamburg from next month.
- Japan: Demand pales on firmer bunker prices
Japanese bunker demand was soft as bunker prices firmed by up to $4.50 on firmer crude.
- China: Titan bumps up Nansha storage stake by 25%
Hong Kong based Titan Petrochemicals Group Limited has increased its stake in the massive Nansha oil storage project on the Pearl River Delta.
- MARPOL Annex VI: INTERTANKO to pursue reduced liability
INTERTANKO has made only limited headway at the IMO with proposals for reduced liability for ships let down by bunker suppliers.
- Rotterdam firmer Wednesday morning
- Higher bunker prices lift ferry fares by 25%
Daima Shipping Company has increased passenger fares for its ferry service in view of higher bunker fuel prices.
- Hong Kong considers SECA status
Hong Kong authorities are exploring the possibility of a SECA, but local suppliers are not supportive.
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