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| NOVEMBER 7, 2005 |
Shipping News
- Top Asian shipping lines see freight rates falling next year
THE cost of shipping containers may fall in 2006 for the first time in five years as a record number of new ships are delivered and congestion eases at major harbours, say executives of three of Asia's largest shipping lines.
- Malaysian ports need to cut turnaround time: Barwil MD
COST-cutting is the buzz word in most businesses including the port industry, says Winston WF Loo, managing director of Barwil Agencies Sdn Bhd.
- Carnival defends Katrina contract to US lawmakers
CARNIVAL Corp has defended its US$236 million US government contract to provide ship-based housing after Hurricane Katrina.
- Pirates attack cruise ship off Somalia
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| NOVEMBER 7, 2005 |
- CMA CGM to boost MEX service
- Cosco Shipping starts reform of non-tradable shares
- Fujian ports' container throughput rises
- Vancouver Port Authority supports truck strike task force recommendations
- CSCL launches new vessel in Dalian
- Henan adds two expressways
- NWA in discussions with unions over cost savings programme
- Volga-Dnepr orders Boeing freighters
- UPS delivers wine to Japan
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| NOVEMBER 7, 2005 |
- Kalmar establishes own subsidiary company in India
- Ordinance in offing to extend tax benefits under Sec. 80 HHC to loss-making exporters
- What are the problems? Commerce Ministry asks EPCs, commodity boards...
- Budhiraja heads panel to recommend modalities for building 2 world-class shipyards
- Baalu to inaugurate slew of projects in Kandla Port today
- MICT brings in 2 more quay cranes, 6 RTGCs
- Ordinance offers tax sops to airlines acquiring aircraft
- Delhi-Mumbai rail freight corridor report to be ready by year-end
- CONCOR offers block bookings ex-ICDs TKD & Dadri to Mundra, Pipavav & Vizag
- Cabinet clears SPV to finance mega infrastructure projects
- Projects in SEZs now the giants’ rage
- DGFT-Fieo-Ficci team studies how Australia, Philippines streamline trade flow
- US rocks shrimpers’ boat
- Seminar on WTO Ministerial Meet at WTC tomorrow
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| NOVEMBER 4, 2005 |
- Port of Marseille director general relieved of duties
- Montreal expects very good (container) year
- PIA to upgrade fleet with B777s
- US freight railroads report higher profits
- TNT reports higher revenues in Q3/2005
- Board recommends corporatisation of Pakistan Railways
- GLS investing in scan technology
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| NOVEMBER 6, 2005 |
- SI Ferry case doctor sentenced
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| NOVEMBER 4, 2005 |
- Port of Olympia taps Galligan as new executive director
- General Maritime selling six Aframax tankers
- US rail freight breaks pair or records
- Northwest maritime figure Capt. Peter Norwood dies
- Russian cargo airline orders two Boeing freighters
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| NOVEMBER 7, 2005 |
- Somali pirates attack Seabourn Spirit
THE pirates who attacked a luxury cruise liner off Somalia's coast yesterday were likely to have been from the same group that hijacked the Semlow, a maritime official said today.
- End of an era as Sea Containers quits ferry operations
DEBT-ridden Sea Containers has finally called time on its long struggle to stay in shipping, putting its principal ferry division up for sale and closing another.
- NUMAST’s anger
OFFICER’S union NUMAST has reacted angrily to Hoverspeed’s closure, writes David Osler .
- Ship operating costs ‘rise 34%’
SHIPPING costs have jumped 34% over the year, according to impending revisions from the Worldscale Association, writes Martyn Wingrove.
- Louis Dreyfus in talks over Indonesian bulk venture
FRENCH bulker operator Louis Dreyfus Armateurs is to set up a shipping company in Indonesia to operate bulk carriers under that country’s flag.
- US ‘ignored’ Brussels
THE US government bypassed Brussels when trying to influence two European transport initiatives, a new book has revealed, writes Justin Stares.
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| NOVEMBER 4, 2005 |
- TEN counts storm costs
TSAKOS Energy Navigation’s third-quarter profits fell in the wake of Katrina and Rita’s ‘severe disruption’ of the oil supply/demand relationship
- Thousands march against Irish Ferries
SEVERAL thousand people marched through the streets of Dublin yesterday to protest against a move by Irish Ferries to replace 543 workers with agency seafarers
- Odessa loses in black sea oil stakes
ALTHOUGH Russian ports on the Black Sea are enjoying record high levels of crude oil shipments, the Ukrainian ports have seen their flows of Russian oil dwindle
- Sixty drown in Indus tragedy
- Aboitiz profit slides
- London brokers get together
- Bidders circle Petersburg stevedore
- UK must make better use of its ports
- Korean ferry damaged in collision
- Australian conference in spotlight
- Sarlis blames MSC deal for collapse
- Sea Containers plans for survival
- Fuel costs hit Hanjin Shipping
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| NOVEMBER 4, 2005 |
- Weak dollar, fuel costs hit Hanjin net
Hanjin Shipping reported a 1.2 percent increase in third-quarter net profit despite a 5.7 decline in revenue.
- Chertoff: Express industry a model for emergency response
- No verdict yet in ILA mob trial
- Horizon joins NYSE, posts results
- Air carriers cut fuel charges
- Clarksons plans shipping hedge fund
- Wal-Mart supply chain driving down prices: Study
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| NOVEMBER 4, 2005 |
- Carriers voice concerns as Yangshan opens for business
Carriers are concerned that operational limitations and the local climate may effect Yangshan, Shanghai’s prestigious new container port, when its starts operations on November 29, one month ahead of schedule.
- OTHCs land AELA in trouble with ACCC
The Australian Competition and Consumer Commission will investigate origin terminal handling charges levied by members of the Australia Europe Liner Association following a complaint by the Australian Peak Shippers Association.
- ARTC sounds warning over Patrick takeover
- French and Italians move to Busan New Port, Danes stay put
- Spiralling costs hit Asian carrier’s profits
- Minister promises more support as Hanjin’s Eurogate berth goes live
- China socks it to US in new textile deal
- ANL back in container business
- Inchon to select container yard operator
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| NOVEMBER 4, 2005 |
- Excel pledges expansion
Christoper Georgakis-led Excel Maritime is reiterating its commitment to fleet expansion and renewal.
- Rieber on the up
Norwegian offshore shipowner fared much better in the third quarter.
- Teco counts Katrina cost
Strong underlying figures suffered a $6m hurricane hit on the bottom line at the largest US-flag bulker owner.
- Green light for Vinashin expansion
Vietnam government okays investment plan that could see VLCCs built by 2010.
- Teekay pays partners
Teekay LNG Partners is paying out some $4m more than its net income in the third quarter.
- Precious profit progress
Long term charters of expanded fleet boost top Thai handysize bulk carrier operator.
- Worldscale rates soar
Tanker freight scales climb sharply as one third rise in bunker costs feed into system.
- Sea Containers plans ferry cull
Silja Line and SeaStreak to be sold, English Channel ferry services to be stopped in bid to stem losses.
- MES in the red
Tough first half for Japanese shipbuilder, but much better things expected for full year.
- Costs hurt Hanjin
High bunker costs plus the weakness of the US dollar cut operating income at South Korean owner.
- Mipo makes less
Korean yard clobbered by higher steel costs in third quarter.
- Clarke inks Shamrock finance
Canadian transportation firm arranges $11.5m in ship financing for boxship acquired at auction.
- Tanker adrift off Wales
Dutch bitumen ship to be towed to Swansea after breaking down off St Davids.
- Jinhui books bulker
Hong Kong and Oslo-listed owner orders handymax unit at Japan’s Oshima for mid-2007 delivery.
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| NOVEMBER 4, 2005 |
- Transpacific carriers report continuing U.S. shoreside congestion
- Hanjin's net income up 2.3%
- OSG's 3rd-quarter net income rises 5.2%
- CMA CGM expands Asia/Mediterranean service
- APL adds vessel to Central America service
- British Airways pre-tax profits down 18%
- SAS Cargo buys Sterling's air cargo operations
- American to reduce fuel surcharge
- VAT settlement boosts Kansas City Southern profits
- Jackson calls for next-generation cargo security system
- Senate votes to delay meat origin labeling until 2008
- U.S., China agree to new sock quota
- U.S. requests WTO action against Turkish rice import restrictions
- Zildjian contracts with Ozburn-Hessey for distribution
- Weber hires Northern California regional manager
- CORRECTION: Canadian manufacturers participate in C-TPAT
- Port of Long Beach sets import record in September
- Virginia Port Authority finds emissions levels decreasing
- Port of Olympia names Galligan as executive director
- Port Freeport signs sister port agreement with Puerto Limon
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| NOVEMBER 4, 2005 |
- Sea Containers intend to sell Silja
The board of Sea Containers has decided to entertain offers to buy Silja. The financial service group Société Générale has ...
- More user-friendly gas transport
Japanese designers have developed a new, more user-friendly containment system to transport gas at sea. The new vessels would ...
- Fredriksen Arcadia takeover in January
John Fredriksen company Farahead Holding, which is linked to Seatankers Management in Cyprus, will acquire the Mitsui oil trading company ...
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| NOVEMBER 4, 2005 |
- Avails tight in Panama, again
Bunkers scarce as suppliers selling out of product and prices expected to rise with higher resupply costs.
- Montreal fuel oil dries up
Suppliers in Montreal awaiting resupply after refinery 'glitch' and steady demand empties fuel oil tanks.
- Falmouth STS oil transfer plans meet with skepticism
Proposal for STS crude oil transfers in Falmouth Bay viewed with skepticism despite years of bunkering operations in the area.
- Hanjin: Bunker costs see operating income decline 43%
High bunker prices hit yet another shipping company in Q3.
- Surging bunker prices push up Worldscale rates
The 2006 edition of the new Worldwide Tanker Nominal Freight Scale has been revised to reflect surging bunker prices over the past year.
- Rotterdam firm in line with crude surge
- Philippines: Authorities to monitor sales tax of oil products
The Bureau of Internal Revenue has issued a circular to clarify the guidelines on the tax treatment of oil products, which include bunker fuel, sold to international vessels.
- Bunker industry speaks up for Singapore's CP60
Bunker suppliers say tampering with samples is not possible under CP60, and some suggest accreditation scheme might be extended to other market participants.
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