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| FEBRUARY 8, 2005 |
Shipping News
- PSA makes HK$3b bid for Hong Kong port assets
PSA International has finally succeeded in getting a slice of the thriving Hong Kong container terminal business, with a bold HK$3 billion bid for the port assets of conglomerate NWS Holdings Ltd.
- Daewoo Shipbuilding back in the black in Q4
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, returned to profit in the fourth quarter as gains from foreign-currency transactions offset a rise in costs for raw materials.
- Tanker earnings may stay near six-week high
OIL tanker earnings on routes from the Persian Gulf to Asia may be little changed this week near a six-week high as oil companies hire ships to load in March amid a limited supply of vessels, shipbrokers said.
- Mitsui Engg cuts profit goal on rising costs
- Shippers say proposed EU law flouts IMO convention
- Fatal attacks by pirates surge in '04: watchdog
- Indonesia to merge state firms to boost efficiency
- Oil tankers collide near Port Said
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| FEBRUARY 8, 2005 |
- Persistance to enter HK port market pays off for PSA
- New China textile quotas likely to be introduced: exporter
- SITC handles over 670,000 TEU in 2004
- Charter rates to remain high in Asia, shipbroker firm says
- Rotterdam port breaks through 350m barrier
- Mishler named new POV terminal manager
- Japan Airlines to buy 30 737s
- Continental Cargo to use new electronic booking system
- Delta to cut staff numbers in fall
- Pinnacle to buy NWA Note
- TSA names Dereck Starks FSD for Spokane International Airport
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| FEBRUARY 8, 2005 |
- Maersk Sealand to launch new Asia-Central America (CAM-MEX) service from March 6
- AWE4 service to commence from Port of Savannah
- FPS gesture to tsunami-hit
- CMA CGM launches Seattle Bridge service
- Evergreen opens new state-of-art terminal at Port of Tacoma
- WTSA recommends freight rate hike for US-Asia metal scrap
- Oyster commences Octopus Maritime to strengthen Indian base
- Machine tool exporters banking on Tooltech 2005 to net big orders
- Small fries set to make whale of a haul
- Petro-products exports soar by 52 pc
- Tuticorin Port cargo traffic up by 20.60 pc in Jan.
- Regulatory body for accreditation of warehouses mooted
- Railways may introduce flexible rates for cargo, parcel traffic
CWCL inaugurates new CFS at Madhavaram in Chennai
- Forex reserves up by $ 51 million to $ 1,29,429 million
- Forex reserves swell by $ 291 m
- GoM may meet on Feb. 11 to discuss proposed SEZ law
- Imports under A/L spared of education cess
- Cabinet nod for SAARC pact on tax matters
- Dedicated steel capacities for exports mooted
- Pawar favours import of oilseeds
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| FEBRUARY 7, 2005 |
- Hawaii: Bunkers and cargo removed from grounded ship
Fuel oil, diesel oil and cargo of cement removed from grounded vessel off the Hawaiian island of Oahu.
- Spill threatens Egyptian coast after tanker collision
Egyptian authorities are monitoring the situation after 1,500 metric tonnes of oil spilled in the Mediterranean Sea after a collision involving two oil tankers.
- Old hands promise a new bunker experience
Bunker industry connoisseurs Goris Vermeulen and Capt. Cornelius de Keijzer come out of early retirement to offer a bunker course with a difference, putting theory into practice during an intensive 3-day course.
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| FEBRUARY 7, 2005 |
- Electronic customs clearance in Germany
- Sachsen-Anhalt to count lorries on national and regional roads
- Aramex planning new Middle Eastern logistics centres
- Nigeria to spend NGN 1 billion on bridge repair
- British Airways expanding services to China
- Dutch minister opens Omani-Dutch terminal
- Haek new head of Belgian rail
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| FEBRUARY 7, 2005 |
- Fewer piracy attacks in 2004, but more deaths
- MISC "pondering liner sale"
- Oil volume drop hits Marseilles’ figures
- Fuel taken off Pacific Basin bulker
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| FEBRUARY 7, 2005 |
- Matson Terminals buys assets of Hawaiian stevedoring firm
- Corps plans two week closure of Columbia River navigation locks
- Port of Portland schedules airport noise committee meeting
- Shipper pleads guilty to oil pollution charges
- Sea-Tac Airport sets new passenger mark
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| FEBRUARY 8, 2005 |
- Athens plans futures clearing house
A FACILITY for clearing over-the-counter shipping derivatives may shortly be created in Athens, providing competition for Oslo-based clearing house NOS.
- Oil spill disperses after Kestrel and Trijata collide
ROUGH weather that held up the lightering of cargo from two tankers that collided off Egypt on Friday, was however, ‘good news’ from the pollution perspective.
- Transmanche suspends cross-Channel service after Dieppe prang
FRENCH cross-Channel operator Transmanche Ferries has suspended its service between Dieppe and Newhaven after one of its two vessels ran into a quay in the port of Dieppe on Friday.
- BAE Systems calls truce with KBR on aircraft deal
BRITAIN’S warship building sector has pulled back from months of bitter wrangling with the government following their decision to select Kellogg Brown & Root as foreman of the £4m aircraft carrier project
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| FEBRUARY 8, 2005 |
- Romanians in repair scam
FOUR Romanian seamen arrived home on Saturday after working without pay and being victims of assault whilst repairing three vessel in the Dominican Republic
- Suezmax collision in Med
ABOUT 1,300 tonnes of Arab light crude oil spilled into the Mediterranean at the weekend after two Suezmax tankers collided off Egypt
- Grounded bulker now lightens cargo
LIGHTERING of fuel from the bulker Cape Flattery, which ran aground off Hawaii last week, has been completed but salvors are now removing part of the cement cargo
- Workers debate surprise share twist
THE workers' council at Polish major PZM is unsure what it should do with the offer to return the crucial 'golden share' in the company by a privately-owned freight broker
- Boxship periods find new lengths
- Early retirement for Izar workers
- Abidjan posts growth despite war
- PSA makes another HK bid
- IMB urges Malacca vigilance
- Transmanche hits Dieppe, again
- Teekay threatens to leave Canada
- Port of Americas wins dredge permit
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| FEBRUARY 7, 2005 |
- LA-Long Beach delays peak box fee
Marine terminal operators postpone launch of PierPass, implementation of $20 per-TEU fee that will fund it, until June 1.
- Singapore's PSA buys into Hong Kong terminals
- Budget gives Homeland Security 7% increase
- Weather hits U.S. rail carloads
- Transport index up again
- Feds budget $15M for Columbia River project
- Bills target rail haz-mat safety
- Vancouver gets federal assist for expansion
- National Maritime Security committee to meet
- Former Shipping Digest publisher Stein dies
- Analysts: NOL profit to climb
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| FEBRUARY 7, 2005 |
- New World gains as desperate PSA bids for minority ACT stake
Industry insiders have questioned the wisdom of PSA Corp’s US$384million bid for minority shares in Hong Kong’s Asian Container Terminal (ACT) and CT3.
- Attractive gains lure NWSH to sell Kwai Chung assets to PSA
NWS Holdings (NWSH) has agreed to sell its port assets in Kwai Chung to Singapore’s PSA International for HK$3billion (US$384.6million) in cash, giving PSA a foothold in Hong Kong finally.
- Intermodal investment is the key to Siberian volume growth
- Rain delays Santos’ Tecon Two berth
- Malacca Straits remains the world's piracy black spot
- Direct Yantian feeder service to boost Shantou volumes
- Market could take downward turn by H2 2006 says PIL
- Hyundai delivers newbuild to CMA CGM
- Ulsan sees drop in box volumes
- boxXpress.de adds calls to its German rail shuttle
- Matson snaps up Hawaii stevedore
- Container volumes between Busan and Russia rise
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| FEBRUARY 7, 2005 |
- Maritime budget slashed
George W Bush wants to zero out new US tanker construction subsidies along with Title XI.
- Frontline loses BP charter
Oil major abruptly terminates COA on four VLCCs ten months early.
- Frangou, Economou now favoured for Navios
Big tanker names investigated but not expected to buy bulker owner.
- Wilhelmsen in top gear
Profits up in every sector during 2004, as Norwegian owner’s car carriers in particular drive growth.
- Nepline wants two more
Malaysian owner vows to keep building its fleet, but is waiting for prices to drop.
- Pirates murder 30 crew
Incidence of attacks fall but increased violence leads to near doubling of death toll.
- Navios rumours proliferate
General Maritime, OMI, Restis and Goldman Sachs are all cited as potentially buyers of up for sale bulker owner.
- CMB share soars
Lucrative charter for double value capesize feeds investor appetite.
- Belships fixes ahead
Oslo-listed Belships has locked in its only tanker years ahead of delivery.
- Could it be Frontline?
Has Norwegian tanker owner snapped up US-based Navios Corp?
- SembCorp swelling
A fattened orderbook has Singapore's SembCorp predicting even nicer numbers.
- Death sentence for Limburg leader
Yemen to execute Fawaz al-Rabe’ie for masterminding bombing of Euronav VLCC in 2002.
- Daewoo dips
Korean shipbuilder’s 2004 profit eroded by higher costs.
- Eidsiva buys ferry stake
Norwegian ro-ro specialist adds Dart Line freight ferry to its growing portfolio.
- MISC rumour resurfaces
Malaysian owner linked again to sale of boxships, despite denials.
- Spill put at 9,000 barrels
The Trijata’s owners say ship has lost 3,000 barrels of crude after colliding with Genmar Kestrel.
- First the fuel, now the cargo
Part of cement cargo being removed to aid refloating of Cape Flattery from off Hawaiian island.
- Profits surge at S'pore Shipping
Improved charter rates and revision of ship scrap values and length of working lives lifts bottom line.
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| FEBRUARY 7, 2005 |
- IMB: Death toll from pirate attacks increases
- Sea Star buys 300 containers, 200 chassis
- Seafarers International Union re-elects officers
- Airbus chooses DHL for spare parts logistics services
- United’s January cargo up 22.8%
- CSX hit with penalty for malfunctioning safety equipment
- FMC reviews OTI application, revokes 4 licenses
- DEA grants chemical shippers import/export requirement waiver
- Verdery follows Hutchinson out of DHS
- USAID starts new pre-positioning program in Dubai
- BKA arranges rice shipment to Cuba
- Canadian Wheat Board gives loan to farmer coalition
- International Freight & Logistics Network appoints Lumpert
- Port of Vancouver, B.C. backlog to last until March
- Port of Long Beach credit rating raised
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| FEBRUARY 7, 2005 |
- Reefer Shipping takes stakes from air
Transport of tropical fruits rose from 4.3 per cent to 5.9 per cent of the total seaborne reefer volumes during ...
- "Ice Prince" embargoed
On the request of the Finnish salvage and towage company Alfons Håkans OY, the district court in Kalmar, Sweden, has ...
- Smedvig faces NOK 1.0 million fine
Smedvig Offshore faces a fine of NOK 1.0 million after a fatal accident on the drilling rig "West Venture" in ...
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