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| OCTOBER 7, 2005 |
Shipping News
- 7 shipping giants form super alliance against Maersk Line
MEMBERS of the world's two biggest container shipping alliances have joined forces, creating a de facto 'super alliance' in order to counter the sheer might of the merging Maersk Sealand and P&O Nedlloyd lines.
- Rates rise for double-hulled tankers ex-Gulf
THE cost of shipping oil from the Persian Gulf to Asia on two million-barrel tankers rose for double-hulled tankers as the first November cargo was booked.
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| OCTOBER 7, 2005 |
- CSCL secures US$100m financing for new containers
- Shippers group calls for transparent surcharges, deregulation
- OOCL to open offices in Spain, Portugal
- Transport sector strike action on the rise
- Schenker to transport Fifa 2006 Football Globe around the world
- Port of Tacoma produces new trucker's guide
- Test flights start on CX's converted freighter in HK
- India-Singapore biomed shipments expected to rise 300pc
- Jetstar to fly international routes
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| OCTOBER 7, 2005 |
- Grand Alliance & TNWA announce cooperation on key trades
- Fieo makes out case for DEPB to run parallel with new scheme for 6 months
- Rs 15-cr. pepper export incentive coming
- Container handling capacity expansion vital-Budhiraja
- Major Ports will soon be able to spend Rs 500 cr. without govt approval-Baalu
- Kandla Port registers 12 pc increase in cargo throughput; handles 225.32 lakh tonnes in H1
- SPV for infrastructure projects may start funding from November
- Nagpur airport poised to become international from October 16
- Only service providers can claim input credit, Cenvat, clarifies MoF
- BCHAA President recounts year’s achievements
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| OCTOBER 6, 2005 |
- Deutsche Post names Jürgen Gerdes as head of letter division
- Evergreen Group establishes its own agency company in Russia
- Air Burkina resumes Ouagadougou services
- EWS: 9ft 6" containers to reach Aberdeen in 2007
- Panalpina scoops up Norwegian Overseas Shipping Group
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| OCTOBER 6, 2005 |
- IBF deal done
- Two big box consortia to work together
- Shippers use green arguments to bash liner conferences
- ESPO warns EC against intervention in ports sector
- Port strikes "deeply worrying" for shipping industry
- UK shipping minister hints at action against non-EU ferry crews
- USCG launches new website
- Chuck Raymond is "Kings Pointer" of the Year
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| OCTOBER 6, 2005 |
- $412,101 Alaska fine for Coastal Transportation
- MAN B&W packages for Swire AHTS's
- Wartsila power for Maersk offshore units
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| OCTOBER 6, 2005 |
- Horizon Lines executive named Kings Pointer of the Year
- American Airlines Cargo boosting fuel surcharge
- Crowley gives $100,000 to aid hurricane victims
- Schnitzer's Pick-N-Pull branch buys auto recycling business
- Hanjin adding new vessel to Pacific Express Service
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| OCTOBER 7, 2005 |
- Ladyman demands maritime jobs boost
BRITISH minister for shipping Stephen Ladyman has urged industry to do more to promote itself in both Britain and continental Europe as a source of employment.
- Mitropoulos warns of ‘enemy within’
THE shipping industry’s efforts to raise its public image and reputation will not succeed until it has beaten “the enemy within”, International Maritime Organization secretary general Efthimios Mitropoulos said yesterday.
- Breakthrough could end two decades of hostilities between shippers and lines
NEARLY two decades of public hostilities between container lines and their customers may be drawing to a close, with both sides acknowledging past mistakes and calling for a fresh start.
- Alliance lines join forces on main trade lanes
SEVEN of the world’s largest container shipping lines are to co-operate on the two biggest trade lanes, writes Janet Porter.
- ITF hails 10% rise in crew costs
THE International Transport Workers’ Federation has secured a two-stage 10% increase in crew costs for vessels operated by members of the Joint Negotiation Group of shipowners, in a deal that covers 55,000 seafarers on 3,200 ships.
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| OCTOBER 6, 2005 |
- PONL acquisition sparks consortia deal
THE acquisition of P&O Nedlloyd by Maersk has prompted the member lines of two major liner consortiums to agree to co-operate on key trades early in the New Year
- Guyana connection in Caribbean fuel-smuggling
ENERGY authority staff in Guyana have been questioned over the disappearance of evidence in a multi-million dollar fuel-smuggling ring, regional reports say
- Hanjin in repair yard venture
HANJIN Shipping and Qindao Shunhe Shipping have agreed to build a repair yard in Qushan Island in Zhejiang, China
- Prospects for refineries unclear
PROSPECTS that recent hurricane-generated gasoline shortages will lead to increased refinery building in the US are unclear according to one industry leader
- Press coverage 'must be improved'
THE public profile of the shipping industry must be raised and improved through closer ties with the mainstream press, Seatrade Maritime London conference heard today
- Reefer rates head north
REEFER insiders are predicting a substantial increase in rates for next year
- China bulk demand strong post-2008
- Panama denies major canal award
- Coastal fined for spill violation
- New talks planned on Irish Ferries dispute
- Stalemate as SNCM slowly dies
- Strike claims 'deeply worrying'
- P&I club warns of defective piping
- KG flotation flops on day one
- P&O Ports' Sarbh resigns
- UK 'is failing to sell shipping'
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| OCTOBER 6, 2005 |
- Grand Alliance, New World Alliance plan east-west cooperation
APL, six other carriers announced an agreement to cooperate on key east-west trade lanes starting in early 2006.
- DHL to expand Hong Kong hub
- Manufacturers: Trade deals boost U.S. exports
- Canada wins trade rulings over U.S.
- Pay port truckers more, says Maersk exec
- Polar Air pilots ratify contract
- Bush urged to waive steel duties for hurricane reconstruction
- GT Nexus launches Global Cost Control
- BA World Cargo hikes fuel fee
- Israel probes Zim collision
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| OCTOBER 6, 2005 |
- Grand Alliance and The New World Alliance announce key trade co-operation
To ensure a smooth transition with P&O Nedlloyd’s withdrawal, the Grand Alliance and The New World Alliance today announced an agreement to co-operate on key trades from early 2006.
- Belgium on the eve of one-day strike, with other rail-delays to come
Much of Belgium, including all seaports and rail-transport, is likely to grind to a halt tomorrow, due to a 24-hour nationwide strike called by socialist union ABVV.
- Australia Productivity Commission wants 4-year Part X phase-out
- HR: ‘demand wobble’ becoming supply-demand shift
- PN dispute goes to arbitration
- EC makes ‘advance notification’ on cargo security proposal
- California bill could be the first, truckers hope
- Shippers come clean on confrontation
- ModernTerminals gets new loan to fund expansion in China
- Yantai introduces new China/Japan service
- Hanjin to manage maintenance with 50% share in ship-repair JV
- Sunkwang sells shares in Inchon Container Terminal
- Masan to postpone container tax implementation
- Canada-Europe container carriers impose hefty fuel surcharge
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| OCTOBER 6, 2005 |
- Gas leak
Stealthgas follows decent IPO pricing with poor trading day as Wall Street picture clouds again for shipping issuers.
- Restis IPO on life support
Golden Energy's mixed offering of bulkers and products tankers has drawn only cut-rate interest from investors and will price below $16 if at all.
- Harry does it
Vafias family's Stealthgas on track to bring home $116m after nailing IPO price target.
- IRISL next to go public?
Iranian container and bulker operator says shares will be sold next year, as it follows in NITC's footsteps.
- ITF wins 10% rise at IBF
Tokyo talks end in new two-year deal with owners forced to accept higher rise than expected.
- Bulker sale boosts Norden
Danish owner offloads handymax to Greece and revises 2005 profit figure as a result.
- Investors embrace Hornbeck
Offshore company raises $290m for fleet enhancement after stock and bond offerings.
- Solstad sells again
Norwegian owner reducing its fleet of supply ships once more with domestic deal.
- It's a Grand New World Alliance
Two leading liner groups unveil first steps in major co-operation deal.
- Taca targets restoration
Transatlantic boxship group sets heart on four quarterly rate rises next year.
- Panama denies deal
Canal authority says no contract has been awarded to carry out expansion work on the waterway.
- GNV turns to Tunis
Italian ferry owner to start another Tunisian route this month.
- Quintana re-jigs finances
US-listed bulker player enters into new $250m revolving credit facility to help finance capesizes.
- Hanjin inks China yard venture
South Korean shipowner teams with Chinese firm to establish new dedicated repair facility.
- Stolt Offshore takes Pertinacia
Oil and gas contractor will convert chartered Italian cable-layer for subsea construction work.
- Pan United inks trio
Singapore shipbuilder wins orders for three offshore support vessels from Ezra and Tidewater.
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| OCTOBER 6, 2005 |
- Grand Alliance, New World Alliance to work together
- Hanjin, Qindao to open Chinese shipyard for repairs and maintenance
- Alianca to add fifth ship to South America coastal loop
- OOCL to open offices in Spain, Portugal
- FedEx Express to raise shipping rate 3.5%
- American, Swiss WorldCargo to raise fuel surcharges
- BA's cargo up slightly in September
- RFID may help solve intermodal black hole, says Horizon's Kessler
- Environmental issues to the fore in Los Angeles, Long Beach
- ITS terminal in Long Beach launches Advent software
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| OCTOBER 6, 2005 |
- Premium of $100 for low sulphur bunkers 'is not on'
Shipowner warning that premiums for low-sulphur bunkers are not sustainable for ship operators but suppliers offering reassurance.
- Emissions: 'Doing nothing is not an option'
California Governor's office pushes for action on emissions, but urges balance between regulation and economic growth.
- Asia fuel oil supply set to increase in November
Asia bound arbitrage cargoes to rise 20% in November, coupled with 75% increase in Korean exports.
- Oil takes a hammering on signs of 'demand destruction'
Bearish analysts predict fall in crude towards $50 on signs that the energy bubble has burst, others remain bullish.
- Port strike starves French refineries of feedstock
Reports say several refineries in French oil industry hub could be forced to shut down if strike continues.
- Indonesia raises fuel prices for industry, bunker sales
Latest Pertamina price decree leaves narrow margins between domestic product and international bunker sales, possibly reducing incentive for rampant fuel smuggling.
- US: Evergreen faces bunker oil lawsuit
Potentially huge lawsuit files against Taiwan-based Evergreen after bunker spill in US.
- $1,000 marine fuels, anyone?
The price for marine distillates has broken through the $1,000 pmt barrier in Ecuador.
- Base oil output down in US, Europe - shortages expected
Base oil plants in US Gulf yet to reopen, while industrial action prompts European plant shutdown.
- Chemoil offers delivery documentation online
US supplier offers customers downloads for invoices and bunker delivery receipts.
- Singapore: Stocks of residual fuels and distillates up
- Rotterdam market lower again with suppliers busy
- JV company reveals additional storage capacity at Taichung
Bunker supply JV Coastal Performance International will soon be expanding its storage capacity at Taichung port by 495,500 mt.
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