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| AUGUST 5, 2005 |
Shipping News
- SembMarine to raise rig capacity on strong orders
WITH rig building orders making up 67 per cent of its US$5 billion orderbook, SembCorp Marine is extending its rig capacity to an expanded Sembawang Shipyard as record high oil prices and an ageing global fleet of rigs pump up demand.
- Jurong Port to expand locally and regionally
SINGAPORE's second container and multi-purpose cargo handling facility, Jurong Port, plans to expand its facilities here along with an international expansion focusing on Indonesia, Vietnam and China.
Admiralty Casebook
- Liability for freight charges
ANYONE who agrees to pay the ocean freight for a shipment can be held liable to a carrier even if that person is not named as a shipper or consignee in the relevant bill of lading, a US appeals court ruled last week.
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| AUGUST 5, 2005 |
- RPONL H1 operating profit soars 92pc
- Rotterdam: our H1 container growth exceeds rivals
- UPS enhances Trade Direct service
- IHG seeks US$1 billion turnover goal
- Yellow Roadway reports Q2 revenue of over US$2b
- HK-China air services to rise
- Cathay to add second daily non-stop service to Jakarta
- LAN Airlines orders 767-300s
- Barry Eccleston named Airbus North America CEO
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| AUGUST 5, 2005 |
- Albatross Shipping consoles 1st LCL consignment of boxes to Far East ex-ICD-Sabarmati
- Long boxship, Maersk Arizona calls at Cochin Port
- Mercator Lines’ Q1 net up
- VCT emerges ideal gateway for Guntur cotton yarn exports to Bangla
- Vizhinjam terminal’s bidding date extended to August 17
- PSTS takes giant strides in logistics sector
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| AUGUST 4, 2005 |
- Battaglia new CAT Group CEO
- Masterplan for Bremen's Industriehafen presented
- KLM to start Netherlands-India service
- Scott Wilson Railways celebrates tenth anniversary
- Norbert Dentressangle reports H1/2005 sales growth
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| AUGUST 4, 2005 |
- V.Ships in Indian shipbroking JV
- BCT eyes regional hub status
- American Club says cargo claims increasing
- Singapore Shipping Association slams war risk decision
- Seabird handles Argentine chemical shipments
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| AUGUST 4, 2005 |
- Noble unit to build two F&G jackups in China
- OSG reports record results
- Matson to test Echoclor ballast water treatment technology
- Record second quarter for Hornbeck
- Suspended Liberian maritime official is jailed
- Awilco makes offer for PetroJack
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| AUGUST 4, 2005 |
- Port of Everett Commission taps Hoffman for North Marina
- Portland Port Board slates airport noise meeting
- Seattle Seafair brings list of new rules and regulations
- Matson nets MarAd contract for Ready Reserve Fleet vessels
- Top Tankers sells/leases pair of handymax tankers
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| AUGUST 5, 2005 |
- Alarm bells ring at Kvaerner UK pensions sell-off
BRITISH pension holders with restructured Norwegian industrial group Kvaerner’s UK scheme fear a recent £1 sell-off of liabilities heralds a systematic fund run-down.
- Tough action threatened after spate of Greek ferry mishaps
THE Greek ro-ro Aghios Efsta- thios, which hit a dock at Keratsini in greater Piraeus as it embarked on a trip carrying 38 trucks to Aegean islands on Wednesday, is the latest victim in a spate of mishaps that have plagued the country’s ferry industry during the past week.
- Fesco considers foreign placement to boost return on state shares
FAR Eastern Shipping Co, one of Russia’s largest shippers, may place 19.8% of its shares on a foreign bourse in the form of American Depositary Receipts, the company said yesterday, writes Lyuba Pronina in Moscow.
- Sonatrach links with American Eagle and MOL in tanker deal
ALGERIAN national oil company Sonatrach is moving into tanker ownership through the construction of three ships - a very large crude carrier, a suezmax and an aframax - in partnership with Malaysia International Shipping Corp’s American Eagle Tankers and MOL, writes Andrew Spurrier.
- Statoil given role in Algerian LNG
ALGERIA is enlisting the help of Norwegian energy giant Statoil in a potential new liquefied natural gas project targeting the US market, writes Tony Gray.
- Awilco seeks PetroJack takeover
Awilco Offshore has launched an unsolicited takeover bid for PetroJack, which values its rival Norwegian rig company at about NKr850m ($133m).
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| AUGUST 4, 2005 |
- Ocean Village ship shuffle
CARNIVAL will transfer AIDA Cruises’ AIDAblu to UK brand Ocean Village in spring 2007, instead of Princess Cruises’ Regal Princess as previously planned
- Dubai to open ship registry
DUBAI Maritime City (DMC) is to house the first ship registry office in the Middle East, which is aimed at boosting the maritime community in the region
- Drought hits US exports
- Bonyad unveils $160M LNG projects
- Stelmar buy drives OSG
- Hunger strikers win wages
- Fesco proposes foreign sale
- Reliance refinery to double capacity
- Good results for Japanese majors
- Vancouver truckers return
- US NVOCC tariff cut proposed
- Bermuda storm warning
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| AUGUST 4, 2005 |
- No interruption for PierPass
Employers at LA-Long Beach reached agreement with ILWU local that will allow for uninterrupted night gates under the new program.
- Improve Customs targeting: DHS
- ACE slated for busiest American-Canadian crossing
- MOL sales outrun costs
- DHL sees Asia-Pacific surge
- "K" Line profit falls
- Record quarter for Trailer Bridge
- Indian ports slowly returning to normal
- Singapore, S. Korea sign trade pact
- New equipment to boost productivity at Indian port
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| AUGUST 4, 2005 |
- Vancouver terminals cut demurrage on strike-stranded boxes
TSI Terminals, which operates the Vanterm and Deltaport facilities in Vancouver, has announced it will halve demurrage charges until August 19 when it expects the cargo backlog to be cleared.
- Second Chennai box terminal delayed by P&O Ports court action
Chennai Container Terminal (CCT) operator, P&O Ports (POP), has filed a writ petition at the Madras High Court, seeking to delay Chennai Port Trust’s (CPT) proposed second container terminal.
- HK customs seize second illicit cigarette transhipment
- Floods cause heavy losses to Indian exporters
- CCS and Alcotrans to link GA’s Amsterdam loops to Germany
- MOL profits hold up despite rising costs
- FESCO boosts Polish newbuild orders for FANAL trade
- Expanded facility will allow Hupac volumes space to grow
- NCC’s Petersburg terminal outperforms Novorossiisk facility fall
- K Line consolidated revenues rise, but operating and net income fall
- Two China carriers launch Japan/China services
- Inchon dedicates two berths to China cargo
- NYK Logistics sets up Beijing office
- Hanjin to establish first logistics office in China
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| AUGUST 4, 2005 |
- OSG shatters share high
Tanker power soars more than 8% on NYSE to break $67 mark for first time after strong earnings report.
- TOP Tanking
Hours after reporting relatively strong earnings, TOP Tankers trades down 5% while its peers enjoy a strong day.
- Top Tankers on a roll
Evangelos Pistiolis’ Nasdaq listed venture reports strong low season freight rates.
- Master of Lapthorn ship jailed
UK court imposes four months sentence on intoxicated Ukrainian coaster captain.
- OSG earns 150% more
New York owner parlays US tax relief, integration of Stelmar fleet to crush second-quarter profit record.
- Titan pushes up profits
Shipping contributes 80% of first-half earnings for Hong Kong owner and trader.
- MOL beats bunker blues
Liner trade strength helps Japanese shipowner overcome skyrocketing fuel costs.
- Assault trial for yard chief
Dog fight raises fear that charges facing John Rothwell may damage Austal.
- Matson confirms RRF contract
US line will manage two ro-ros and one breakbulker as part of first ever ready reserve award.
- Expansion aids Algoma
Extra tonnage helps lift second quarter performance at Canadian bulker and tanker owner.
- Excel profits grow with fleet
Company takes $5.2m charge to terminate service contract with Gabriel Panayiotides’ Excel Management Ltd.
- TOP confirms tanker sale
Evangelos Pistiolis’ US-listed tanker firm to net $7m from deal involving two handymax tankers.
- Iino Kaiun steams ahead
Japanese owner sees first quarter profits double and forecasts further improvements to come.
- Mercator profits double
Aframax tanker acquisitions enable Indian shipowner to make a strong in the first quarter of 2005.
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| AUGUST 4, 2005 |
- CMA CGM confirms takeover talks with CP Ships
- MOL's box profits up 20% despite rising costs
- MSC moving World War II-era drydock to West Coast
- NYK conducts antiterrorism, accident response drills
- Robinson Joins Matson as director, transpacific service
- Sea Star Line appoints Pakzad
- FMC proposes rule to ease NSA restrictions on shippers' associations
- U.S. sets more sanctions against Zimbabwe regime
- DHL to handle after-market parts logistics for Sun Microsystems
- U.S. welcomes open WTO panel for beef hormone dispute
- Defense Department awards RFID purchase agreement to Savi
- Blinco Systems picks Management Dynamics’ software
- Sacramento port faces questions over governance, revenue
- Port of L.A. spends $16 million on environmentally friendly upgrades
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| AUGUST 4, 2005 |
- Chinese shipyard seeks North European investors
Jiangdong Shipyard in Wuhu invites two or three national or international investors to build a new shipyard site. According to ...
- Full ahead for Transatlantic share
The Swedish shipowning group Transatlantic steams ahead on the Stockholm Exchange. Positive articles in business publications and an analyses from ...
- Finnlines reports week half year result
Finnlines reports a EUR 349.6 million turnover the first half of 2005 and reports a pre-tax result of EUR ...
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| AUGUST 4, 2005 |
- Resupply fears spark West Coast MDO spike
Marine diesel oil prices on the North American West Coast jump on resupply costs but Vancouver shrugs off train derailment.
- High cat fine levels sparks FOBAS quality alert
Off-spec bunkers with highly abrasive contaminant have been detected in recent Port Said fuel samples.
- Competitors won't follow Princess' cold-ironing initiative
Cruise lines in Seattle underline commitment to reducing harmful emissions in the port, but will not follow Princess Cruises by implementing 'cold-ironing'.
- Bunker prices/currency leave shipping lines vulnerable
Lower relative fuel bill lifts MOL's profits, while K-Line's decline amid higher prices paid for bunkers.
- US: Base oil storage capacity down 20% over five years
US base oil storage capacity down over 20% in the past five years, leaving less of a safety cushion in the event of supply disruptions or surges in demand.
- Titan H1 profits surge 65%
Asian oil trading and transport group predicts positive H2 contribution to annual result.
- Aegean Marine Petroleum launches Singapore venture
Two months after opening an office in the US, Aegean Marine Petroleum has expanded further with the launch of a new office in Asia.
- Faisal reveals expansion plans to service new port development
Supplier aims to offer bunkers within a year at Pakistan's ambitious new port development.
- Singapore: Fuel oil stocks and middle distillates slip
- New Korean terminal set to boost bunker sales
Bunker traders optimistic that new container terminal will help boost bunker sales in Busan.
- Rotterdam slightly softer this morning
- No terrorist threat in the Malacca Strait yet, SSA says
The Singapore Shipping Association has urged the Joint War Committee to reconsider its decision to declare the Malacca Strait a war risk zone.
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