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| JULY 7, 2005 |
Shipping News
- Westport sees RM100m net profit this year
MALAYSIA's second busiest container terminal, Westport, expects to register RM100 million in net profit in 2005 compared with RM90 million posted last year.
- Talks to end Vancouver port strike stall
TALKS aimed at ending a strike by truck drivers who handle container traffic at the Port of Vancouver have broken down, the truckers' association said on Tuesday, as the work stoppage at Canada's busiest port entered its eighth day.
- Asian goods clog vital gateway
ONE of North America's most important gateways to Asia is struggling to keep up with an explosion in imports from China.
- Strait piracy issue to dominate Thai-Indon talks
- Shenzhen port's H1 container volume rises on more trade
- Takeover of Ports of Auckland completed
- Disruptive weather
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| JULY 7, 2005 |
- Vancouver truck talks break down
- Shenzhen container throughput up more than 30pc in H1
- OOCL Logistics opens 3 warehouses and a bonded depot in China
- CMHI signs deal to expedite cargo clearance
- Container growth to continue despite economic slowdown fears
- China to open 18 new export processing parks
- CN rail engineers in Canada agree to 5-year collective agreements
- Singapore Airlines Cargo launches South African freighter service
- Air Canada expands service to S Korea
- Lufthansa receives EU, US anti-trust approval for takeover of Swiss
- Aussie army chief joins Qantas board
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| JULY 7, 2005 |
- MSC Agency (I) handles highest throughput at MICT in June
- Over 500 register for IICL Inspector’s exams
- CAI forms S. India chapter
- Wagah route to be opened for India-Pakistan trade
- Pak to import 5 essential items duty-free from India
- JNPCT intimates cut-off period for perishables & reefer containers
- Tuticorin box terminal pre-qualification bid meeting on July 25
- Bhushan Patil makes it to JNPT Board of Trustees for 4th time
- 14 additional A-I flights to S-E Asia from today
- Birgunj ICD all set to handle India-Nepal ex-im trade
- RVNL awaits green signal for rail connection to Krishnapatnam port
- Implementation of SEZ Act may be delayed
- Probe into alleged dumping of yarn from S-E Asia initiated
- Exporters finding domestic markets more lucrative, notes Board of Trade sub-committee chief
- Electronic ‘mobile pen’ to attract additional 16 pc customs duty
- Excise duty on deemed export deals to be reimbursed
- Loss-making companies cannot claim export benefits under Sec. 80 HHC-ITAT
- Consortium bags Rs 580-cr. NH project in Maharashtra
- Centre set to take over SSP price fixing responsibility from state governments
- Product-specific SEZ for IT at Chandigarh approved
- Service tax chief to speak at IMC tomorrow
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| JULY 6, 2005 |
- British Airways World Cargo: appointments update
- Samskip set to acquire Seawheel
- EU and US anti-trust approval received for Lufthansa’s takeover of Swiss
- Fréjus tunnel to open end of August at latest
- U-Freight invests in Comax to boost oceanfreight activies
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| JULY 6, 2005 |
- ICS warns over EU review
- CMA CGM takes Antwerp gateway share
- Union wins Hoverspeed recognition battle
- Art Anderson in ferry security project
- ICS warns non-tanker owners over US response plans
- World Food Programme vessel held by Somali pirates
- Samskip to buy Seawheel
- MISC boxship in Dalian collision
- India-Sri Lanka channel protests
- Intertanko in US legal move
- NAT to stay with spot market
- Exmar buys 4th LNGRV
- Ferry in BC mishap
- Massachusetts Maritime Academy goes green
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| JULY 6, 2005 |
- Tractor tug order for MAN B&W L21/31
- Sea trials for BC ferry that grounded
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| JULY 6, 2005 |
- New container service to Everett will deliver Boeing aerospace parts
- Facilitator calls for port input in effort to settle BC trucking strike
- Hood Canal Bridge closure has WSF making changes
- Greenbrier breaks record with quarterly earnings numbers
- US Border Patrol looking to beef-up numbers
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| JULY 7, 2005 |
- Spain turns focus on Universe Maritime in new Prestige twist
THE criminal court investigating the Prestige casualty in Spain has declared that the ship’s management company, Universe Maritime, could bear direct civil liability for the damage caused by the spill.
- China to establish oil pollution fund
China’s Maritime Safety Administration today announced its attention to set up a national oil pollution fund in the face of increasing oil spills.
- PDVSA in $120m double tanker deal
SOUTH America’s largest crude and refined oils producer Petroleos de Venezuela has ordered two product tankers from an Argentine shipyard in a $120m deal, writes Martyn Wingrove.
- Game on: London wins Olympic race
LONDON’S maritime community is celebrating with sports administrators as it ponders the capital’s successful bid to stage the 2012 Olympics.
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| JULY 6, 2005 |
- Genco reveals new IPO plans
GENCO Shipping & Trading has filed a revised offering registration proposing the sale of 10.5M common shares for expected net proceeds of $249M
- Sri Lanka off Hull War Risks list
SRI Lanka has been removed from the Lloyd's Market Association's Hull War Risks and related perils list
- Bulker still aground in India
THE 50,786dwt Jin An is still aground at Visakhapatnam in India after running aground on 30 June
- Eimskip buys into Canadian feeder
EIMSKIP, the Icelandic reefer and feeder operator, has acquired a 50% stake in Halship, a Canadian feeder ship operator, and is looking to grow its business in Canada
- Norwegian Filipino figures fall
THE number of Filipino seafarers working onboard NIS-flagged vessels has fallen by 16%, or 3,000 in the last two years
- NUMAST wins Hoverspeed recognition
UK ferry operator Hoverspeed must now recognise officers' union NUMAST after a court ruling yesterday awarded the union collective bargaining rights
- Eurogate seals expansion deal
- Crew faces stowaway murder charge
- Canada to study short-sea potential
- CMA CGM moves on to Antwerp
- Soft loan will repair Haiti port
- Migrant Watch: US/Caribbean
- Birka prepares for weaker result
- Soft landing forecast for boxes
- China plans pollution levy
- Cindy passes, Dennis threatens
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| JULY 6, 2005 |
- ILA hit with racketeering suit
Federal prosecutors accuse the union of being a mob-controlled enterprise.
- Smooth sailing for W. Coast ports
- Port joins Vancouver strike talks
- Storm shuts Gulf ports
- Bulker Genco sets IPO price
- Change for Shanghai port parent
- Boeing sells six 747 freighters
- Marines choose Accenture SC system
- China Post restructures: Report
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| JULY 6, 2005 |
- Antwerp celebrates the present while planning for the future
Antwerp’s latest development, the Deurganckdok, opens today. While priority will be given to filling this, plans to develop the Saefthingedok are already underway.
- Market hints at discounts for long-term charters
- Vancouver trucking dispute leads to container congestion
- Eurogate gets go-ahead for Hamburg expansion
- China Shipping boost for Westport
- Gwangyang throughput recovers
- European link for Bandar Imam
- US seeks improved rail defect detection
- Trans-Siberian Railway has the competitive edge for Korea
- Dutch backing for Iranian port development
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| JULY 6, 2005 |
- Genco seeks $24 to $27 pricing
Peter G and other insiders will look to cash out 1 million secondary shares worth around $25m of $293m IPO.
- US rejects Providence LNG terminal
Regulators throw out proposal by KeySpan and BG to develop new marine facility.
- Scandlines redelivers early
Troubled Scandlines is giving over two of its six Baltic routes to Lisco and returning a chartered ship to Stena RoRo.
- Olsen cleans up on El Greco
Fred Olsen has won up to $288m of work for an ex-Tsakos VLCC.
- Mitsui places new LNG order
Samho Heavy wins contract for 2009 delivery.
- Poland backs yard workers
Supreme Court upholds compensation ruling for Gdansk staff laid off by Communist regime.
- ICG counts accounts costs
Irish Ferries’ parent will lose EUR 2.3m in profit this year after switching to the IFRS accounting system.
- Eimskip goes halves on Halship
Icelandic boxship line buys 50% stake in Canadian feedership operator.
- IMO warns Greenpeace over stunts
Environmentalists in the dock again over shipping protest actions.
- EC approves Dutch handout
Aid scheme to cut inland NOx emissions gets green light from Europe's mandarins.
- Nigeria pursues loan cash
Crime commission aims to recover money given to domestic shipping companies to build fleet.
- CMA CGM in at Antwerp
French container line becomes fifth investor in P&O’s new terminal, as Nedlloyd and Cosco cut stakes.
- Q-Ship surges ahead
Company says unaudited half-year profits already exceed results for whole of 2004.
- Titan parent tries bond deal
Convertible issue would loosen oil group’s grip on Hong Kong tanker owner.
- CMG inks aframax orders
China Merchant chairman Dr Qin Xiao celebrates the two tankers he has just ordered at Sumitomo.
- Can you TOP this?
Greece-based TOP Tankers declares special dividend of 25 cents on top of regular 21 cents per share quarterly payout.
- Upturn for insurers
Swedish Club and British Marine given a boost by Standard & Poor’s.
- Queen set for trials
BC Ferries’ Queen of Oak Bay to undergo “extensive” sea trials after damage repairs are completed.
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| JULY 6, 2005 |
- Asia/U.S. yearly contract rates remain flat, except to East Coast
- Halship, Eimskip start U.S./Canada East Coast feeder service
- Singapore Airlines Cargo adds South African service
- United's cargo volumes in June unchanged
- Vancouver mediation truck talks fail
- TFM appoints Rión CEO
- EC encouraged by Bush pledge to end farm subsidies
- Rep. Hyde introduces bill to control U.S. arms technology to China
- Kuehne + Nagel, NEC extend door-to-door supply chain partnership
- U.S. Senate confirms Kaveeshwar to lead RITA
- TNT Freight Management names Souza as finance director
- SEKO offering voice-based delivery notification
- No congestion so far in Los Angeles
- CMA CGM buys 10% share in Antwerp Gateway terminal
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| JULY 6, 2005 |
- ICS warns on EU maritime policy review
The International Chamber of Shipping (ICS) warns of consequences of the comprehensive review of the maritime policy of the European ...
- BIMCO revise ISPS charter party clauses
BIMCO has amended its ISPS code charter party clauses to include the requirements of the US Marine Transportation Security Act ...
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| JULY 6, 2005 |
- US bunker prices follow crude higher, Gulf ports reopen
Market firming after the holiday weekend with tightening avails and higher resupply costs.
- New subsidiary will offer wider South American exposure
A new subsidiary of the KPI-Bridge Oil Alliance based in Chile will offer wider exposure throughout South America.
- EU targets emissions trading for shipping from 2012
The European Union (EU) is considering including shipping, road and air transport under its emissions trading plans, as well as sulphur dioxide (SO2) and nitrogen oxide (NOX) emissions.
- Rotterdam firm, congestion expected to increase
- Hong Kong: Bunker fuel prices stay firm on good demand
Hong Kong's bunker fuel prices have been firm since last Friday, and traders have reported higher volumes of enquiries.
- China's higher marine pollution stirs concerns
China's marine pollution has increased to unprecedented levels, stirring concerns of a higher oil spill cleanup bill.
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