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| JUNE 7, 2005 |
Shipping News
- Rumsfeld urges Thailand to help fight piracy
US Defence Secretary Donald Rumsfeld urged Thailand to support the establishment of a centre in Malaysia to combat rampant piracy in the Malacca Strait, a vital shipping lane, Thai officials said yesterday.
- SSA seeks bolder steps to end piracy
RE-elected as president of the Singapore Shipping Association , Teo Siong Seng told his membership to be 'alert' to the dynamics of world sea-borne trade and urged Asean governments to develop stronger political will to solve the region's piracy problem.
- Johor Port pre-tax surges 6% to RM125m on 12% revenue rise
THE buoyant global shipping industry has also benefited Malaysia's Johor Port Berhad which reported increased cargo volumes across nearly all sectors leading to a 6 per cent rise in 2004 pre-tax profit over the year before.
- Work begins on world's largest shipyard
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| JUNE 7, 2005 |
- CMA CGM launches express service linking Asia with US east coast
- South African ports, railways to receive funding
- NYK transfers cargo advisory team to institute
- WFP, TNT hope to reduce child hunger through walk
- Japan, Indonesia to discuss FTA
- Singapore delegation to head to Oslo maritime meeting
- John Wolfe new Tacoma deputy executive director
- MASkargo revenue rises 44 per cent
- EVA to resume service to Hawaii
- SIA Cargo wins accolade
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| JUNE 7, 2005 |
- SCI emerges successful bidder for IOC crude transport
- FBT lands shipping industry in turbulent waters
- Role of shipping industry in fuelling world prosperity to be focus of major maritime conference from June 8
- MSC takes top honours in MICT performance during May
- Iran to hold gas pipeline talks with India, Pak in July
- Move for Iran-Pak-India gas pipeline makes headway
- Envoy invites India Inc to invest in Ethiopia
- Perspective plan for development of Major Ports may be ready by Feb. 2006
- Rlys to introduce ‘flexi-pricing’ scheme to attract freight customers
- Forex reserves dipped for the fourth consecutive week
- DEPB rate cut may deal mortal blow-SEAI
- Norm for imports under Tariff Rate Quota unchanged
- Vaghela pushing for merging 2 textile infrastructure schemes
- Aluminium prices down by Rs 1,500-2,700 a tonne
- SOPA moots soyoil import quota, tariff rate
- Maharashtra to lure big investors with single window, fast-track clearance
- Website launched for textile SMEs
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| JUNE 6, 2005 |
- German national to head Airbus
- Grand Alliance to call at Amsterdam
- Emirates introduces second daily Birmingham-Dubai service
- Indian Railways plan exclusive freight track around the country
- Arends International opened new warehouse in UK
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| JUNE 6, 2005 |
- Grimaldi buys into Finnlines
- Storm brews over Kinnock’s Bimco job
- Malacca Strait countries should consider "international assistance" on piracy
- HK high-speed ferry crash inquiry complete
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- Northrop Grumman names Dur successor
- Aker American plans $100 million private placement
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- Port of Tacoma taps Wolfe as deputy executive director
- Trade numbers up in March between US/ NAFTA partners
- New name for NOAA vessel chosen by High School students
- Port of Everett staff prefers Alternative 1 for North Marina
- Powder River Basin slowdown hits weekly rail freight numbers
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| JUNE 7, 2005 |
- ICTSI bids for Aden and Bahrain box terminals
INTERNATIONAL Container Terminals is bidding for port projects in Aden and Bahrain and has eyes on China as it rebuilds its international portfolio.
- OSG 10-tanker order raises market strength questions
OVERSEAS Shipholding Group and Kvaerner Philadelphia have signed the formal document that would allow the shipyard’s parent to start soliciting investors for a $1bn project that envisages the construction of at least 10 Jones Act product tankers.
- Aker plans share placement
AKER American Shipping, the new entity established to own the Kvaerner Philadelphia Shipyard and the ships built by it, plans to raise $100m in a private placement of shares in Oslo, it was announced yesterday, writes Rajesh Joshi in New York.
- Piracy ‘could be terrorist prelude’
Pirate attacks in the Malacca Strait show up the vulnerability of the shipping industry to terrorism all too clearly, warns Singapore Prime Minister Lee Hsien Loong, writes Marcus Hand.
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- Listing for KPSI newbuilds
AKER American Shipping will seek $100M through a private placement and may list on the Oslo Stock Exchange, possibly by the third quarter
- China closer to world domination
CONSTRUCTION of what will become the world’s largest shipyard began on Friday in China as part of its bid to be the biggest shipbuilding nation in the world
- Radiation scanners for LA-LB
ALL international container traffic and vehicles imported into Los Angeles/Long Beach port complex will be screened for nuclear and radioactive materials by the end of the year
- Cosco bashes UK ports
A SENIOR figure at Cosco Maritime last week criticised UK ports' performance compared to Hong Kong
- Parker – ‘British shipping viable’
- Malacca threat 'real and urgent'
- Grimaldi buys into Finnlines
- Strikes set for Piraeus
- German funding for dredging
- Officer missing after collision
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| JUNE 6, 2005 |
- So. Cal. port trucker goes union
After three-year campaign, the Teamsters make return to port trucking as 10-driver firm agrees to representation.
- CMA CGM in Delmas talks: Report
- Riley, Dickens win ILA posts
- Horizon Lines adds Alaska sailing
- Job cuts for American Commercial Lines
- Dallas mulls inland port
- NYK Line shifts sales team
- ProLogis to buy Catellus
- Tanker deal for Phila. yard
- Tacoma selects Wolfe
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| JUNE 6, 2005 |
- PierPass ditches phase-in plans with full service in July
PierPass has accelerated plans for phasing in the OffPeak scheme at the ports of Los Angeles and Long Beach, with a target launch of July 23.
- Teamsters prise open US port trucking industry
The International Brotherhood of Teamsters’ drive to unionise the beleaguered port trucking industry has leapt forward, as the union’s first new contract in 24 years began May 31.
- Another transalpine tunnel fire claims two lives
- GM follows VW’s lead in SA logistics
- July tender for Barcelona's new terminal
- Taranto gears up for mega-vessels
- Simatech adds Cochin call
- Med/Canada lines raise rates
- Yang Ming deploys YM Horizon on PAS
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| JUNE 6, 2005 |
- Fly like an Eagle
New York-based Eagle Bulk Shipping appears ready to take wing on roadshow for its $225m IPO.
- ACL axes workers
US tug and barge operator to chop 115 jobs - 23% of corporate workforce.
- Horning in
Newly public Aries Maritime opens Nasdaq exchange and trades up on its first full day in market.
- Takeovers on 100th birthday?
Oslo's Unitor says it plans to keep acquiring competing ship suppliers and it has the wherewithal.
- No borders
Malaysia, Indonesia and Philippines talk about allowing navy pursuit of pirates in each other's territorial waters.
- BV gets bigger
French class society builds revenues in 2004, partly due to acquisitions.
- Owner fined over discharge
Scotland’s Craig Group admits causing spill in Aberdeen harbour.
- Aker American to raise cash
New owner of Philadelphia Shipyard to sell $100m of shares ahead of Oslo listing.
- Merwede reels in another
Former IHC Caland yard wins deal for pipelaying/offshore construction ship.
- Uglands on the up
Privately owned Norwegian bulker and tanker company trebles profit in 2004.
- SCI wins crude business
Indian state owner reported to have clinched 9m-tonne IOC VLCC contract.
- Martinac back in the hunt
US shipbuilder can bid for ferry contract after judge reverses decision to award work to Todd Shipyards.
- FSL Singapore bound
Schoeller-backed finance company is shifting its operations from New York to Lion Republic.
- Grimaldi buys into Finnlines
Italian shipowner makes "friendly" approach after taking a 12% stake, prompting takeover bid speculation.
- HVS seals LNG repair
Hyundai Vinashin joint venture Vietnamese yard says it has received first LNG repair contract.
- Malaysian ship sinks
Crew member is missing after Everise Glory is in collision with containership Uni-Concord off Tanjung Pelepas.
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- CP Ships' vessel names will also move to single brand
- Horizon Lines suspends one Jacksonville/San Juan loop
- NYK Line (North America) reorganizes sales, trade teams
- Europe/West Africa lines drop Monrovia surcharge
- American Airlines' May cargo down 6.2%
- BA's cargo down 7.5% in May
- PWC Logistics lands food distribution contract with U.S. military
- U.S. builders ask Commerce Secretary to open cement imports from Mexico
- Southampton terminal enforces mandatory truck appointments
- COSCO signs Nanjing box terminal venture
- COSCO, Hainan province sign strategic cooperation agreement
- Port of Tacoma names Wolfe as deputy executive director
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| JUNE 6, 2005 |
- IMO targets bunker barges for ISPS compliance
Maritime body may look to expand its security code to cover bunkering barges operating in ports as security threat from smaller vessels come under scrutiny.
- Bureau Veritas Group profits up
Classification society reports 17% increase in earnings before interest, taxes and amortisation for 2004.
- Crude markets slide after reaching 16-week high
Crude oil markets declined today after reaching a sixteen week high, analysts remain split over the longevity of such price direction.
- Asia fuel oil gains pared by supply concerns
Asian fuel oil prices rose today on the back of Friday's crude gains, but commentators noted that gains were pared by concerns of rising supplies for June and July.
- Bunker trader expands to Latin America
Piraeus-based Brilliant Maritime Services Ltd. (BMS) has opened a new office in Buenos Aires, Argentina, the company's first expansion into a new region and time-zone.
- Trader returns to Dan-Bunkering
- ARA to get its own bunker conference
The end of an 11-year partnership between the Port of Rotterdam and the Norwegian Shipping Academy (NSA) in organising the annual International Bunker Conference (IBC) has given rise to a new bunker conference designed for the ARA region.
- Petrojam refinery upgrade to ensure long term survival
The first phase of the refinery-upgrading project will see a conversion of heavy fuel oil into higher valued products such as vacuum gas oil for sale on the export market.
- Greece: Commercial Manager leaves Baluco
- New DNVPS R&D unit marks 'beyond routine' approach
A new research and development (R&D) unit in Fujairah and consolidation in the US and Europe mark a drive by DNV Petroleum Services to move beyond routine marine fuel testing services through a global network of sophisticated research units.
- Rotterdam firm Monday morning
- Dubai plans for maritime arbitration centre
Dubai plans to set up a maritime arbitration centre to resolve maritime disputes in a faster and more economical way.
- Petronas likely tenant for bunker storage facility
The principal tenant for the bunker and fuel oil terminal facility at the Port of Tanjung Pelepas is likely to be Malaysia's state oil company Petronas.
- Crew member missing after Malaysian ship sinks
Crew member missing and oil traces visible after a Malaysian bulk carrier sank last Saturday following a collision with a Taiwanese container ship outside the Singapore Strait.
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