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| OCTOBER 5, 2005 |
Shipping News
- Asian shippers to take on lines
UPSET at continually being rode roughshod over by the container shipping industry, shippers from across Asia say they plan to take their grievances to the World Trade Organisation .
- Nippon Yusen plans to order 20 LNG ships
NIPPON Yusen KK, Japan's largest shipping line, plans to order 20 new liquefied natural gas tankers by 2010 and use five or six tankers for spot contracts, a change in strategy which may bring higher returns.
- Pirates seize shipload of tin
PIRATES armed with guns hijacked a shipload of tin worth US$4.7 million in Indonesian waters but released crew members, trade sources said yesterday.
- Oil-tanker rates seen declining
Strait Talk
- Newbuilds boom draws in unfamiliar names
THERE is one sure sign that shipping is doing well.
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| OCTOBER 5, 2005 |
- Ningbo throughput exceeds 200m tonnes through September
- FEFC to raise BAF
- Head of US Customs and Border Protection to retire
- UPS Mail Innovations opens Seattle processing centre
- Evergreen strengthens presence in India
- IHG chairman discusses his management philosophy
- Pilots settle at Polar Air Cargo
- Emirates SkyCargo, Korean Air Cargo sign India codeshare deal
- New BA chief takes over and discusses carrier's future direction
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| OCTOBER 5, 2005 |
- Baalu to inaugurate 4-day INMEX India today
- Kerala to acquire submarine for underwater tourism
- Shreyas Shipping EGM on Oct. 26 to decide name extension
- Customs duty relief on industrial grade CPO goes
- Cashew EPC anticipates exports to exceed Rs 3,000 cr. in 2005-06
- Pact signed to improve Indo-Australian trade ties
- IMC delegation holds fruitful discussions in Pakistan
- Korean company wants to invest in Indian shipbuilding
- GDL holding talks with global operators to set up multi-purpose port
- KPT, GMB to install vessel traffic monitoring system
- MbPT submits tariff hike proposal to TAMP
- JNP transporters’ strike begins
- Dredging potential vast in India—Budhiraja
- JNPCT sets new monthly record by handling 111,943 TEUs in Sept.
- MbPT posts impressive 17.43 pc growth in cargo handling during H1
- Gulf Air, Evergreen sign MoU: Alliances in freighter operations to be explored
- PMO asks MoF to extend DEPB scheme by 3 months
- GDP registers 8.1 pc growth in April-June
- Exim Bank to acquire stakes in mid-size companies
- Export sector created 14.85 lakh new jobs in 2004-05, reveals study
- Mayur C. Contractor re-elected Vice-President of FIATA
- Global airlines impose Rs 300 surcharge on tickets
- Clarification - Goldstar Line service to West Africa
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- CSAV Group Agencies (Germany): new management
- Ecu-Line direct to Port Gentil
- Thai Airways launches direct Frankfurt - Bangkok service
- Heavy penalties for overtaking on the Brenner route
- Kuehne + Nagel renewed contract with Memorex
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- Pirates hijack freighter in Indonesian waters
- ABS passes 120m gt mark
- FEFC puts back rate rise
- Row over plans for new US refineries
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| OCTOBER 4, 2005 |
- Terrorist warning: Djibouti
- Newbuild orders for Canada's Port Weller Dry Docks
- Island Offshore orders PSV
- $107 million Navy contract for Electric Boat
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| OCTOBER 5, 2005 |
- Zim chief Goder vows compensation for collision tragedy
DORON Goder, president and chief executive of Israeli shipping company Zim Integrated Shipping Services, is to apologise and offer financial compensation to the relatives of seven crew who died when their fishing vessel capsized after colliding with the 3,834 teu Zim Asia.
- Hoverspeed future hangs in balance
DOVER-Calais fast ferry firm Hoverspeed is set to make sweeping redundancies in the UK port while French employees claim they have been told the service will be axed outright.
- Industry’s future at stake over lube crisis says Nguyen
BP MARINE has urged the shipping industry to work closely together to find solutions to the crisis currently affecting global supply of marine lubricants.
- Brussels ready to impose code of transparency on insurers
BRUSSELS is moving towards drawing up a code that would ensure insurance brokers spill all the beans about their dealings with corporate clients.
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- SUV sales collapse
HIGHER gasoline, fuel oil and natural gas pricing after the hurricanes appears to be fuelling an historically unusual movement among US consumers and policymakers: conservation. US sales of the large-model Sports Utility Vehicles (SUVs) dropped sharply in September, down 43%, according to Ward’s AutoInfoBank
- Hurricane Stan update
At 0400 CDT (0900z) today the Mexican government changed the northern portion of the Hurricane Warning to a Tropical Storm Warning, from north of Palma Sola to Cabo Rojo
- Northern neighbours forge cut-down ISPS
GERMANY has struck an agreement with Denmark, and is seeking similar agreements with other neighbouring countries, on simpler bilateral ISPS procedures
- Sovcomflot looks beyond Novoship
SOVCOMFLOT chief executive Sergei Frank has told investors he is looking to acquire shares in other shipping companies, his spokesman has confirmed
- Brokers team up in derivative trade
ENERGY broket Tullet Prebon has joined forces with shipbrokers in London, Singapore and Connecticut to operate in the tanker freight derivative markets
- Numast fears for Hoverspeed future
UK maritime union Numast seeks answers on the future of Sea Containers' Dover-Calais subsidiary Hoverspeed
- ABS grows as transfers flow across
- Bharati in shipyard takeover talks
- Dover anxious over ferry market
- DVB goes for alternative finance
- Change in the air at Petronas
- KG shipping funds thinning out
- DFDS axes Harwich-Cuxhaven route
- Setchell leads Sydney terminal push
- Smyril takes Fjord Line from TFDS
- Corsica Ferries operating despite strike
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| OCTOBER 4, 2005 |
- NS reopens New Orleans terminal
The intermodal terminal is accepting inbound and outbound shipments for the first time since Hurricane Katrina struck.
- Wal-Mart unit to build distribution center at UK port
- FMC extends comment period on NVO contracts
- UPS opens Southern California distribution center
- S&P assigns "B" credit rating to Horizon Lines
- AAEI to DHS: maintain trade-security balance
- DHL expands time-definite service
- Portman to meet with trade ministers
- US panel votes to curb pipe imports from China
- RailAmerica acquires four short lines
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| OCTOBER 4, 2005 |
- Online bidding system for EU textile quotas established
China’s Ministry of Commerce has used an online bidding system to select 3,385 textile companies to fill 18% of next year’s EU export-quotas, to avoid another pile-up of goods.
- Sepetiba makes own carnival as it welcomes two more services from Rio
- Mumbai Port plans 8-20% tariff hike
- Sixth container train added between Koper and Budapest
- New Ukrainian transport minister named, after ‘Orange’ Cabinet dismissal
- Russia-EU transport agreement to bridge the gap, and bridge the gauge
- Guangdong ports experience ASEAN boom
- JNP transporters turn access-road/highway into a warpath
- Yang Ming new head confident of group's future
- Evergreen opens five new India offices
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| OCTOBER 4, 2005 |
- Canada builds for Europe
An Ontario shiprepair yard has won an eight-ship, $87m order, its first for oceangoing ships in 20 years.
- Big bucks for brokers
Shipping boom gives billion dollar boost to London shipbrokers.
- Questions on Saade sale
Politicians are demanding to know what CMA CGM paid state-owned SNCM for its half of Sud-Cargos.
- Stolt-Nielsen triples profits
Stellar parcel tanker result takes net income over $50m for the third quarter.
- New head at Maersk yard
Niels Kjeld Christensen has handed on the reins at Germany's Volkswerft Stralsund.
- Sovcomflot takes the money
Russian owner signs $325m refinancing in softest banking market for years.
- Birka sells to Westwood
Finnish ferry owner’s cargo subsidiary strikes deal with US operator for its oldest ro-ro.
- Korean yards fight back
Shipbuilders turn their back on domestic steel suppliers in a bid to cut costs.
- Claims chief for Dex
Former broker Paul Cunningham is replacing Ann Waite at innovative hull insurance venture.
- Galati hit by higher costs
Damen group’s Romanian yard is falling behind last year’s profit figures.
- Idan says sorry
Zim chairman Idan Ofer makes formal apology to Japan after boxship accident that killed seven fishermen.
- Island Offshore takes option
Norwegian owner is back again at Aker Yards for another supply ship.
- Pirates hijack ship off Indonesia
Crew released by gunmen more interested in cargo of tin.
- Probe into Dublin groundings
Irish government wants report on two incidents in recent months involving Brostrom and Stenersen tankers.
- Satsang under tow
Salvage tug links up with drifting bulker off South Africa, but original towing vessel remains lost.
- Malacca attacks decline
Top Malaysian policeman says incidents of piracy have fallen to less than half of what they were in 2003.
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| OCTOBER 4, 2005 |
- Standard & Poor’s gives Horizon Lines ‘B’ rating after IPO
- DHS implements second Jones Act waiver for petroleum shipments
- Yang Ming elects Huang chairman
- A.P. Moller names latest post-Panamax ship
- Evergreen opens five new offices in India
- Continental Airlines' cargo down 2.1% in September
- Emirates SkyCargo, Korean Air sign India/Dubai codeshare agreement
- Norfolk Southern reopens New Orleans intermodal terminal
- RailAmerica buys four Alcoa railroads for $77.5 million
- Eby named FRA deputy administrator
- New Orleans zeroes in on military cargoes
- Neptune Terminals seeks $79.6 million potash storage expansion
- Port Everglades lands South America service from Miami
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| OCTOBER 4, 2005 |
- Eidesvik orders gas-driven PSV
Eidesvik Offshore orders a gas-driven platform supply vessel of 5,500 DWT at West Contractors for NOK 322 million for ...
- Yard orders for NOK 12 bn so far this year
Norwegian yards have secured orders worth NOK 12 bn (EUR 1.53 billion) so far this year, mainly thanks to the ...
- Birca Cargo sells off vessel
Birka Cargo on Åland sells its ro-ro vessel "Kent Loyalist" to Westwood Shipping, which is a part of the ...
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| OCTOBER 4, 2005 |
- Stan closes Mexican ports, prices on the move
Hurricane closes Mexican Gulf bunkering and crude ports today with suppliers expecting downward movement in prices.
- London: Marine diesel spill said to be limited
- US bunker wholesaler performs well after IPO
Share price up on first trading day after IPO which helped raise cash for payments of quarterly dividends.
- Crude drops on supply relief, demand slow-down
Refinery worries in the US and France continue to underpin oil prices, but possible US heating oil release, slow-down in gasoline use and no discernible crude shortage weigh on market.
- Fujairah taking steps to meet MARPOL requirements
Fujairah readying for MARPOL compliance with 300,000 m² of land reserved for tank storage.
- Rotterdam market slips with crude
- Japan holds first meeting on oil prices
The Japanese government has held its first round of talks on measures to abate the burden of surging fuel prices, including bunkers, on domestic industries.
- Premier Marine Fuels establishes office in Singapore
Premier Marine Fuels, a UK-based bunker brokering company, has established an office in Singapore.
- Sri Lanka: Bunker potential in waiting
GAC's new Sri Lanka bunkering arm offers some insights into the local bunker market and how it may be affected by privatisation, India's ambitious dredging project and the Hambantota bunkering project.
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