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| JULY 6, 2005 |
Shipping News
- Fight to stop EC bid for IMO seat still on, shipowners told
THE International Chamber of Shipping has warned shipowners that the fight to stop the European Commission from getting a seat at the International Maritime Organisation is far from over.
- WFP suspends food aid to Somalia
THE UN World Food Programme on Monday suspended all shipments of aid to Somalia pending the release of a ship carrying tsunami relief that was hijacked by pirates last week off the Somali coast.
- Naval base blamed for Bangladesh accidents
THE presence of a naval base and the zigzagging course of the Chittagong port channel in Bangladesh are the main reasons for accidents, ship operators said.
- Singapore's May marine fuel sales up 5.3%
- UK receives 1st LNG cargo in 15 years
- Azeri Caspar oil shipments growth slows
- Sophisticated Waterway
Strait Talk
- Fine-tune sulphur content inspection
LAST week, there was something of a fuss when DNV Petroleum Services issued a circular saying that marine fuel with over 4.5 per cent sulphur content had been supplied, in contravention of new International Maritime Organization regulations.
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| JULY 6, 2005 |
- BC truckers' strike goes on, but talks begin
- Yangtze River development can boost central China economy
- US govt plans to file racketeering charges against ILA, report says
- Mumbai Port Trust workers strike called off
- ARH closes in on Ports of Auckland
- P&O Ports names Bryan Smith as East Asia regional director
- Long Beach Harbour Commission elects Doris Topsy-Elvord as president
- Korean Air Cargo ranked number one
- ANA applies for increase in charter service to Seoul
- Air Macau resumes charter flights to Siem Reap, Busan
- Hainan Airlines boosts flights
- Globe Air Cargo wins SAA contract
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| JULY 6, 2005 |
- ABP orders 2 LHM-320 cranes for Goole, Hull ports
- U-Freight invests in Comax to boost oceanfreight activities
- Port of Hamburg receives Europe’s tallest cranes
- Maersk Group’s unit to acquire Norse Merchant Ferries
- P&O completes debt refinancing
- NOL container capacity increases
- DPA registers record growth in throughput
- Maldives to open 2 new ports
- China steel destocking key to dry freight rate rebound
- 9 dry bulk geared panamax vessels to join Mercator’s fleet next month
- Global shipping firms still doing well
- DCI commences dredging Sethu canal at Palk Strait
- Allcargo revamps management to take on the world
- India to oppose farm tariff reduction proposal at WTO discussions
- Kamal Nath hails us decision to restore GSP
- JNPCT posts all-time record handling of 1,03,726 TEUs for any June month
- Efforts under way to refloat grounded vessel off Visakhapatnam Port
- Capt. Subhash Kumar assumes charge as CoPT Dy Chairman
- Transporters earning below Rs 1 lakh exempted from TDS
- CWC takes steps to improve operations at Kandla CFS
- Duty on import of wheat may be abolished, say traders
- Agricultural products exports up by over 11 pc in 2004-05
- Swamped Gujarat industry begins humming again
- Lecture on ‘Wealth Management’ at IMC today
- Two inducted as CBEC members
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| JULY 5, 2005 |
- Gedas AG strengthens top management
- Cosco to invest in future growth
- Vienna not to bid for Budapest after all
- Pakistan: highway projects get Rs 1.3 billion
- WCA Family forwarder alliance introduces new network
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| JULY 5, 2005 |
- Keppel AMFELS gets $174 million order for jackups
- EC allows Netherlands subsidies for Inland Waterways diesels
- Clean up vessel strikes reef
- First newbuilding contract for International Paint Japan
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| JULY 6, 2005 |
- Baltic and Lloyd’s chiefs to fight London election
A BATTLE royal is in prospect between two high profile executives for a prestigious and influential position in the City of London.
- STX Pan Ocean IPO at the mercy of a skittish market
THE price of South Korean company STX Pan Ocean’s shares will not be determined until the day after its offer in Singapore closes tomorrow although the company has expressed a hope that it could gain a maximum price of S$1.27 for a S$762m (US$454m) windfall.
- Hong Kong box port pact starts early
BULGING with boxes at its Hong Kong berths, Wharf-controlled Modern Terminals has dispatched a vessel of one of its priority customers, Nippon Yusen Kaisha, to neighbouring operator Asia Container Terminals, writes Sam Chambers in Hong Kong.
- Hoverspeed ordered to recognise Numast after three-year fight
FAST ferry operator Hoverspeed has been forced after three years of wrangling to recognise Numast, the main UK shipping union.
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| JULY 5, 2005 |
- Another 'blank cheque' player
MANHATTAN Maritime Enterprises has filed a registration with the US Securities & Exchange Commission to offer 19M shares and place $103.9M in trust for an acquisition
- Nenaco's figures scrutinised
NEGROS Navigation Co is to have its financial books scrutinised by the Maritime Industry Authority of the Philippines
- India and Turkey co-operate
INDIA and Turkey have set up a joint working group to consider areas of co-operation in the oil and gas sector, according to Indian petroleum minister Mani Shankar Aiyar
- Seawheel take-over moves ahead
- Service shake-up for Scandlines
- Record output for Russian oil
- Spill responders form Med alliance
- Runaway ferry captain commended
- LNG deal includes vessel first
- CMA CGM buys into Zeebrugge
- Rio Tinto boosts Dampier throughput
- Managers fear Auckland intentions
- India plans to avoid congestion
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| JULY 5, 2005 |
- Vancouver strike talks collapse
Empty gates at Vanterm (left), three other area marine terminals as motor carriers refuse drivers' bid for pay raise.
- Port of Antwerp opens mega-hub
- Storm shuts Gulf ports
- FedEx eyes China hub: Report
- New Canada fees for Puget pilots
- S.F. break-bulk boom
- Good week for U.S. railroads
- UPS expands inbound visibility
- CN unions OK two pacts
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| JULY 5, 2005 |
- Vancouver container-truck talks collapse
Mediation talks in the truck-strike affecting container traffic at Vancouver and Fraser River ports broke off today, following three days of negotiations.
- Antwerp Gateway seals third carrier shareholder deal
CMA CGM has finally wrapped up its shareholding in the Deurganckdok’s eastern terminal, operated by P&O Ports (POP), which will officially open tomorrow.
- Shenzhen Port: 22.8% growth in H1
- IIM recommends sweeping privatisation-measures at JN Port
- Gwangyang H1 volumes drop 10% despite slight recovery in June
- More ships deployed to clear up oil spill from collision off Dalian Port
- Korean pork imports rise over 50% in H1
- Birgunj to process cargo between India and Nepal
- Hurricane centre tracking Cindy and Dennis, as season begins again
- Korean carriers expect soft landing, thanks to port congestion
- Rhenania buys local Mannheim rail-operator
- OOCL Logistics expand facilities in China
- Kambara opens two branch offices in China
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| JULY 5, 2005 |
- Hello Hamburg
Spurt in German shipfinancing prompts UK law firm Watson Farley to open local office.
- On the road
Quintana Maritime and controversial CEO Stamatis Molaris have begun their marketing roadshow for a $231m IPO.
- Numast wins recognition
UK union backed by arbitration committee over rights for Hoverspeed officers.
- Tordenskjold three released
Shipowner Tor Johan Stuve and colleagues freed from jail, but fraud inquiry continues.
- TBS buys Ultragas bulker
US operator makes first purchase using proceeds of scaled back IPO.
- Down but not out
Jefferies cuts predictions for drybulk firms but urges investors to keep faith.
- LSC in the money
Lithuanian cargoship owner boosted by ship-sale cash so far this year.
- Diana accepts $17,250 for panamax
Cargill secures Calipso for three-to-five months at bargain rate.
- Tallink bills ripped up
Estonian government cancels Baltic ferry operator’s icebreaking debts.
- Pertamina takes two
Indonesian oil company ready to boost coastal operations with newbuilding deliveries.
- Upgrade for Saigon yard
Vinashin unit splashes cash to build capacity and modernise facilities.
- Formosa ships remain unsold
No deal yet for Taiwanese VLCC newbuilding and 1995-built bulker, brokers say.
- Somali aid suspended
UN World Food Programme suspends all aid shipments to Somalia after Semlow hijacking.
- Wellard orders livestock ship
Aussie livestock exporter confirms it is behind order for up to two vessels at Labroy Shipbuilding.
- Chong inches up Vita stake
Former Links Island founder moves closer to 10% stake in Singapore owner and property group.
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| JULY 5, 2005 |
- Maersk Sealand, CP Ships end Pacific slot swaps
- China Shipping tops 2 million TEUs in first five months
- Samskip continues expansion with Seawheel takeover
- ICS urges early submission of Non-Tank Vessel Response Plans
- COSCO to start Adriatic feeder link
- X-Press Container Line starts North Europe feeder service
- EC, U.S. regulators approve Lufthansa's takeover of Swiss
- Korean overtakes Lufthansa as top international air freight airline
- Air Canada starts Toronto/Seoul flights
- Continental Airlines' June cargo drops 0.8%
- cargo counts joins GF-X portal
- South African Airways awards agency contract to Globe Air Cargo
- CN, Teamsters sign collective agreements
- CBP dogs trained for double duty
- USDA makes changes to export credit guarantee programs
- Transfreight opens Ohio service center
- Caucedo breaks productivity record at DPI port group
- Panama's Atlantic hub attracts its first post-Panamax boxship
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| JULY 5, 2005 |
- Stena Bulk to sell newbuildnings?
According to sources in the market, Stena Bulk is negotiating a sale of the two tankers "Stena Compass" and "Stena ...
- DFDS signs up two new ro-ro vessels for 10 years
DFDS Tor Line has signed a ten year timecharter deal with Macoma Shipping Ltd in England for two ro-ro ...
- "Rocknes" return as "Nordnes"
Self-unloading bulk carrier "Rocknes", which struck a rock and capsized just south of Bergen on January 19th last year ...
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| JULY 5, 2005 |
- Trader departs Tramp Oil's Brazil office
- Tropical storm Cindy prompts port closures, bullish crude
Bunker suppliers in Louisiana advise operations ceasing for 24-hours and the storm adds to crude market concerns over supply.
- Additives promoted as solution to SECA dual tank lube dilemma
Fuel additives mooted as an alternative to costly, complicated dual lubricant control systems when operating with a dual fuel system upon entering and leaving Sulphur Emission Control Areas (SECA).
- Malacca Straits: Shipowners slam war risk premiums
Shipowners have criticised a decision by he Joint War Committee (JWC) of Lloyd's Market Association (LMA) to declare the Malacca Straits a high-risk area as premiums look set to soar.
- Bunker fuel surcharge hike comes into effect
Leading US ocean carrier raises fuel surcharge again.
- Rotterdam continues to firm, congestion still apparent
- Singapore: IBIA workshop highlights Marpol Annex VI
Several key bunker industry players in Singapore today attended an IBIA workshop on MARPOL Annex VI, an international regulation born out of concerns for the marine environment.
- Japanese study: Double hulls can reduce oil spills
A Japanese study over a period of 26 years has found that double-hulled oil tankers are less likely to cause oil spills compared to single-hulled oil tankers.
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