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| APRIL 6, 2005 |
Shipping News
- MPA gives warning as new Marpol rules take effect
SINGAPORE has warned it may deny entry or detain tankers already in port should they fail to meet the provisions of the revised Marpol Convention on single-hulled tankers, which came into effect yesterday.
- Evergreen to pay US$25m in pollution case
EVERGREEN International SA, the Taiwan- based container shipping company, pleaded guilty to 24 criminal charges of illegally discharging oily bilge water into international waters and will pay US$25 million in fines and community service grants, the United States government said.
Strait Talk
- Fighting 'slave wages' and 'social dumping'
A PHILIPPINE woman who had been working on an Irish-flag ferry as a beautician flew home recently US$17,000 the richer following union intervention in a dispute with her employer.
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| APRIL 6, 2005 |
- TSA lines to levy higher Panama Canal surcharges
- SITC joins Japanese firms to launch new service
- Yang Ming boosts size of transpacific fleet
- HAFFA hails benefits of Cepa
- SCSPA, Jasper Country at odds over proposed S Carolina terminals
- Feb air cargo falls slightly, IATA says
- Lufthansa Cargo blows hot and cold
- Emirates' takes delivery of 1st Boeing 777-300ER
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| APRIL 6, 2005 |
- Tonnage tax rules notified
- DGS moots umbrella body for maritime training institutions
- Trade with China projected to exceed Indo-US business
- Cashew exports set to yield over Rs 2,600-crore in 2004-05
- US report sees high trade barriers in India
- Planners, Finance Ministry question need for high budgetary support for port capacity expansion plans
- CCT closes 2005-06 with monthly handling record in March
- Adani Group setting up modern shipbuilding yard at Mundra
- Work to develop 2nd terminal in full swing
- Sattva ICD to flag off direct rail link between Chennai Port and Arakkonam
- T. Johnson at helm of CII-SR, Madurai Zone
- DGFT slaps condition of 50 pc value-addition on tea exported by EOUs, SEZs
- Tea trade plea to scrap ‘import for export’ scheme
- Comply with Settlement panel decisions, DGFT tells licensing bodies
- Differing views on ‘manufacturing’ delay SEZ Bill
- Pharmexcil named sole agency for issuing registration certificate
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| APRIL 5, 2005 |
- Marpol enforcement could cause tanker shortages
The global phase-out of single-hulled tankers "may leave the industry short of tankers", according to a leading shipbroker, and analysts warn that freight rates may be affected.
- Rotterdam: New-build bunker barge ready for service
A new fully state-of-the art double-hull bunker barge with 4,500 cubic metres of heavy fuel oil capacity, has undergone trials and will be inaugurated in Rotterdam on Saturday April 9.
- ARA market steadies Tuesday afternoon
- Russian oil output stagnation still evident
Latest monthly crude oil output data from the world's second biggest oil exporter show continued stagnation, ending five years of solid growth, with analysts blaming investment uncertainty in the wake of Yukos affair.
- Shipping boss sentenced to 33 months imprisonment for pollution
The chairman of Sabine Transportation was found guilty of illegally causing pollution in the South China Sea and received the harshest penalty ever meted out by the US courts.
- Crude prices retreat after touching $58 yesterday
Crude oil trading down as European Commission reduces growth forecast and OPEC discusses a further production increase.
- China confirms ban on single-hulled tankers
Beijing's Ministry of Communications has announced that the government sees eye-to-eye with the Marpol regulation to ban single-hulled tankers.
- Single-hulled tanker phase-out regulations in force from today
New Marpol Annex I regulations come into force today, Singapore implements single-hull monitoring system.
- US: Evergreen pollution fine set at $25 million
After pleading guilty to several counts of concealing deliberate pollution from its vessels, container giant Evergreen has agreed to pay a fine of $25 million.
- Houston supplier expands pipeline services
Expansion of bunker pipeline delivery system effective April 1.
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| APRIL 5, 2005 |
- Alcatel and KZAiT for Polish Railways
- Air pollution on the Brenner
- Rieck logistics group expanding
- Blocktrain test run China-Germany in 16 days
- Astraeus Cargo offers weekly cargo space to West Africa
- Evergreen doubles presence in India
- New ICF agency head in Hamburg
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| APRIL 6, 2005 |
- NOL sees board retirements
- Keppel FELS wins US$120m rig order
- Fred Olsen secures new contract for Borgholm Dolphin
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| APRIL 5, 2005 |
- European Parliament to debate tougher marine fuel sulphur limits
- Keppel FELS gets jackup order from ENSCO
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| APRIL 6, 2005 |
- Evergreen pays $25m for hiding illegal oil discharges
EVERGREEN has agreed to pay $25m under a guilty plea in the US to settle a case involving the concealment of illegal discharge of untreated waste oil.
- European box routes may switch to euro freight rates
TWO leading groups of container lines are considering charging freight rates on routes from Europe in euros rather than dollars.
- Imarex still climbing after Oslo listing
SHARES in freight derivatives exchange Imarex have continued to climb on their second day of trading on the Oslo Stock Exchange.
- Onassis heiress set to marry
HEARTS across the maritime world will be breaking this morning upon learning that the industry’s most eligible bachelor-girl, Athina Onassis, is to marry, writes Justin Stares in Brussels.
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| APRIL 5, 2005 |
- Single hull phase-out begins today
THE revised mandatory phase-out of single-hull tankers and the introduction of new regulations banning the carriage of heavy grade oil in single hulls begins today
- Eagle Bulk going public
NEWCOMER Eagle Bulk Shipping plans to raise up to $250M through an IPO and listing on the NASDAQ stock exchange
- Liberty sues MarAd over MSP
LIBERTY Shipping has filed suit against the US Maritime Administration (MarAd) over the awarding of slots in the newly expanded Maritime Security Program (MSP) fleet
- Spain reconsiders safety rules
- New Med ferry operator
- India port budget squeeze
- LNG siting powers in US energy bill
- Unlimited French strike called
- Tanker runs aground near Dalian
- Evergreen to pay $25M fine
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| APRIL 5, 2005 |
- Charleston adds S. American services
Three new services now calling the South Carolina port, including Maersk Sealand (left), CSAV, P&ONL, CMA CGM.
- BNSF shifts LA organization
- Bush Administration to consider China textile curbs
- WhereNet offers RFID box locator
- U.S. likes EU's WTO pick
- BNSF Logistics appoints execs
- Exel bid speculation
- Nehru traffic increases
- Tom Ridge joins Savi board
- Export coal pact for CP Rail
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| APRIL 5, 2005 |
- Evergreen bids to draw green line under vessel-pollution case
A four-year investigation into deliberate oily water dumping from Evergreen ships ended yesterday with an agreement to pay US$25million to US authorities: a US$15million fine and US$10million to environmental projects.
- Hapag-Lloyd plots course for ‘tight’ 2008
An upbeat Hapag-Lloyd expects 2008 to be a tight year because lines cannot build enough ships to meet expected demand.
- Durban terminal to set off fruit-export explosion
- Rickmers Reederei continues panamax Dalian dalliance
- Cape Town Harbour projects 5% growth, after 5.5% year
- Indian Railway consultancy arm gains five contracts on Angolan rail
- Rail investment rolling across NA, with NS locomotive boost
- CONCOR ICD in Kolkata Dock System to be commissioned in May/June
- Jurong Port hits 58.1% growth in Q1
- Russian coastline growth for NCC
- NOL AGM to see changing of the board
- New head for ABP’s Port of Southampton
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| APRIL 5, 2005 |
- DryShips makes $1.2m a week
George Economou gives investors a taste of what is to come from newly listed company with an initial two month report.
- Hapag-Lloyd on course
German liner operator beats the market with a 14.9% growth in container volume through 2004.
- Eagle flies to Nasdaq
New shipping venture aims to raise $250m to be largest US handymax owner
- Another trio for Excel
Christopher Georgakis' US-based owner adds another three panamax bulkers to fleet a week after sealing similar deal.
- First Hazira LNG cargo due
Arrival of Gemmata to kick off LNG receiving terminal’s opening party on 21 April.
- KSINC wants ferry
Indian owner to put out global call for 1,500-passenger vessel for service to Sri Lanka.
- MISC goes offshore
Malaysian owner to convert tanker into floating storage and off-loading facility for Talisman Malaysia.
- Spar new for old bid
Helge Eide Knudsen may make enough from sale of seven old ships to pay for eight newbuildings.
- Deep Sea dives
Norwegian start-up cuts share issue price to attract more investment for Tidewater ship deal.
- Bourbon picks Ulstein again
French shipping group likes look of Norwegian yard's anchor-handler’s inverted bow.
- MISC gets nod on bank sale
Malaysia’s central bank gives green light on negotiations to offload equity stake in merchant bank.
- TSA ups Panama surcharge
Transpacific Stabilisation Agreement to increase surcharges to $165 per container from May.
- Tanker capsizes off Japan
One crewmember dies after a small chemical carrier runs into trouble off Izu-Oshima Island.
- New port for Oman
Middle East state to spend $500m on developing Duqm for big tankers in Gulf of Masira.
- Lunar dip for NOL
Singapore national flag carrier’s sees slowdown in second period of 2005 due to New Year festivities.
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| APRIL 5, 2005 |
- Evergreen International pays $25 million pollution penalty
- CP Ships looking for new CEO
- IMO ban of old single hull tankers implemented
- Stickle sentenced to 33 months in jail for dumping oil into sea
- IATA calls on governments to rethink management of air industry
- UPS expands Philippines air hub
- Norfolk Southern to expand locomotive fleet
- U.S.-flag Great Lake carriers praise new Coast Guard icebreaker
- CITA initiates safeguard proceedings for Chinese apparel imports
- Vastera becomes JP Morgan unit
- USTR continues Brazil GSP review
- Uni-Arab, BEF Corp. pay fines to settle U.S. export violations
- USDA approves trade help for Concord grape juice producer group
- Eller & Co. promotes Healey
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| APRIL 5, 2005 |
- Phase-out threatens environment and Asian workers
IMO and EU have succeeded in accelerating the phase-out of single hull tankers, but nothing has been done to ...
- Arctic Shipping orders with good charter cover
Arctic Shipping in Førde, Western Norway, has placed an order for a combined bulker/boxship at Myklebust Verft, part of ...
- Single-hull tanker phase-out has started
Around 170 single-hulled tankers, of which around 140 are below 60,000 DWT, should be taken out of service this ...
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