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| MARCH 8, 2005 |
Shipping News
- Vancouver port needs to invest C$1.4b up to 2016
THE Port of Vancouver will need a new facility or a redevelopment of an existing one every two years from 2006 to 2016, costing a total of C$1.4 billion .
- China oil traders seek alternatives
CHINESE trading houses are seeking term fuel oil cargoes from suppliers with storage facilities outside Singapore following an imminent global ban on single-hulled tankers, industry sources said yesterday.
- China container maker's 2004 net jumps threefold
REFLECTING the surging global demand for container shipping, China International Marine Containers Co, the world's largest maker of shipping containers, posted more than a threefold jump in 2004 net profit.
- Qingdao Port to build oil wharf
- New initiative to boost Gibraltar as maritime centre
- RCL takes delivery of its largest vessel
- Frontline denies fault in VLCC purchases
- Crew evacuated from burning tanker
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| MARCH 8, 2005 |
- Cosco Pacific to buy into 4 China terminals
- China freight forwarders symposium to be held in Dalian
- Conterm sets up hazardous shipments department
- CMA CGM launches new environment web site
- PSA welcomes RCL's newbuild
- Senator Lines joins INTTRA multi-carrier network
- CIMC 2004 profit soars
- Rate increase for Asia-W Africa sea trade
- Sagawa, JAL enter JV to bolster air parcel delivery service
- MAS makes Xian its 8th China destination
- Alitalia to join US Cargo Joint Venture
- UA to expand Ted fleet by 20 per cent
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| MARCH 7, 2005 |
- New bills put forward to cut port pollution
Momentum is gathering to curb air pollution levels at the ports of Long Beach and Los Angeles, either through port-specific regulations, or through statewide - or even US-wide - caps on sulphur in ship fuel.
- WFS declares quarterly cash dividend
- Rotterdam bunker market seen steady at noon
- DNVPS announces relocation of New Jersey testing operations
DNVPS has announced that it will relocate its bunker testing operations from Teaneck, New Jersey to Houston Texas.
- China: Traders look to Malaysia to avoid 'rust-bucket' ban
Storage facilities in Malaysia to benefit as Chinese traders eye alternative product sources from Singapore ahead of impending single-hull ban.
- Japan likely to face tight supplies in March
Tight avails seen through March as domestic market soaks up product.
- Norway: Bunker spill averted after tanker blaze
Bunker spill averted after oil tanker blaze extinguished off Norwegian coast.
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| MARCH 8, 2005 |
- Visit the ITJ at TransRussia and Transport Logistic
- Manhattan Associates continues to grow
- IRU demands end to Inntal night ban on trucks
- USF Logistics Services sells reverse logistics
- Rhine port of Weil grows again
- Athens airport to reduce fees
- Columbia Coastal offers new weekly Baltimore-Philadelphia service
- Pacer International names new COO and CIO
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| MARCH 7, 2005 |
- Prestige master allowed home, for now
- RCL signs LOI for 3rd Freedom class vessel
- Evergreen and Cosco upgrade joint service
- American Club grows
- Golden Ocean sells Jinhui stake
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| MARCH 7, 2005 |
- Royal Caribbean to add third Freedom class megaliner
- California issues proposed ballast water management regulation
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| MARCH 7, 2005 |
- Investigation finds captain responsible for SEALTH grounding
- EVA adding to cargo capacity with three new leased aircraft
- Port of Portland schedules airport noise public hearing
- Congressman earmarks funding for Portland transportation projects
- Coast Guard establishes national waterway watchdog program
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| MARCH 8, 2005 |
- Fjord Champion blaze under control
FIRE-gutted Norwegian product tanker Fjord Champion (above) is set to be towed today to Kristiansand after firefighters won a 12-hour battle to tame an engine room blaze and so avert a maritime disaster off southern Norway at the weekend, writes Jerry Frank.
- WTO tells South Korea to end illegal yard aid
The World Trade Organisation has ordered South Korea to withdraw illegal shipbuilding subsidies within 90 days.
- A third sense of Freedom to cost Royal Caribbean $828m
US-NORWEGIAN owner Royal Caribbean Cruises intends to order another of the world’s largest cruise vessels, the Freedom series, from Aker Finnyards at an estimated cost of around $828m, writes Jerry Frank.
- Arison gives $2.4m bonus to tsunami aid
A LION’S share of Carnival’s $3.2m tsunami relief donation announced last month was the personal contribution of chairman and chief executive Micky Arison, it has emerged.
- Bid rumours end as Golden Ocean sells Jinhui stake
Golden Ocean Group, the dry bulk operator spun-off by John Fredriksen’s Frontline, has sold its entire stake in rival Jinhui Shipping and Transport for what is likely to be a handsome profit, writes Tony Gray .
- Judge says Mangouras can stay in Greece
A Spanish judge has granted Prestige master Apostolos Mangouras permission to reside indefinitely in his Greek homeland, pending the start of trial proceedings.
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| MARCH 7, 2005 |
- Currency bets fuel cruise orders
NORTH American cruise lines placing orders in euros are ‘betting’ that the dollar will strengthen by the time their 80% balance of payments is due
- Venezuela strengthens Indian ties
VENEZUELA oil giant PDVSA has signed an exploration/production deal with India’s ONGC Videsh, as the two countries vow to strengthen their oil trade
- Daewoo posts $71M loss for January
DAEWOO Shipbuilding posted an operating loss of W71.6Bn ($71.3M) for January, a steep drop from the W28.9Bn profit recorded a year earlier
- IPBCC to raise box rates
BOX rates from the Indian Sub-continent are to rise from 1 April when the IPBCC increases rates in the westbound trade for general and reefer containers
- Mangouras to return to Greece
FORMER Prestige master Apostolos Mangouras has won permission to return to Greece indefinitely, but will have to return to Spain to face trial
- 'Mega' cruises for Australasia
- Golden Ocean sells Jinhui stake
- Pakistan looks to increase fleet
- GE Shipping wins $50M oil contract
- P&O charges to wipe out profits
- Novoship to lose out in merger
- Irish Continental remains resolute
- Pertamina official suspended
- RCL strengthens Australia service
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| MARCH 7, 2005 |
- Canadian ports get investment OK
Amid increasing competition from U.S. hubs, Canada will open up its ports to previously-forbidden private investment and public grants.
- NOL says volume up 24 percent so far in 2004
- Gain for transport index
- Ceres-Yusen tabs White
- India-Europe rate hike
- i2 appoints new CEO
- Intermodal leads rail traffic
- Hutchinson joins Venable
- Lufthansa to hike fuel surcharge
- Rail growth at Felixstowe
- TNT Logistics appoints US executive
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| MARCH 7, 2005 |
- Three carriers terminating Montreal vessel-sharing agreement
A vessel-sharing service involving CMA CGM, Zim and Lloyd Triestino, initiated last May between the Port of Montreal and northern Europe, is to be terminated in mid-May.
- Grupo Battistella new terminal to ease Brazilian buildup
Brazil’s Grupo Battistella has announced construction of a modern terminal in the Sao Francisco do Sul (SFDS) Bay, with the aim of attracting cargo from neighbouring ports.
- SAECS service gets another new-tonnage infusion
- Busan Port stopped operations in snow
- Maersk breaks rank with other shipping lines over Chennai charge
- Cosco Pacific: Chinese terminals need to grow at 1,600TEU per year
- US EC gets another ‘all-water’ service, inland from Baltimore
- JV formed for Songdo New Port construction
- Chinese foreign trade to grow 15%
- BPA to participate in berth development at Pusan Newport
- Felixstowe breaks one-week record by rail
- Feport names Battistello-Eckelmann as new chairman
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| MARCH 7, 2005 |
- WTO sides with EU yards
South Korea has three months to stop illegal subsidies to shipbuilding.
- Greek bail for Mangouras
Master of the ill fated Prestige is allowed to await Spanish inquisition in his homeland.
- Vessels collide in Severn
Laden Brostrom tanker and Greek bulker are damaged in estuary encounter.
- Greek and Italian ports link up
Private sector ports in understanding to develop container shuttle service.
- HSY to repair Kestrel
Greek yard to pocket $4m to patch up Genmar suezmax damaged in collision last month.
- Great Eastern bags crude deal
Indian owner back in business at Mangalore refinery, and adds 2003-built bulker to fleet.
- Shipping boosts Seaboard
US-based Seaboard Marine is hanging fire before putting its tax savings into ships.
- TBS targets $125m
A US-owned fleet of 1980s-built bulkers and tweendeckers is aiming for the NYSE.
- Reduced fine for Hennemann
The former boss of Bremen's Vulkan Werft is getting a break on an ageing tax bill.
- Warriors demand more tugs
Norwegian green group presses government for more oil spill reponse ships following Fjord Champion incident.
- HMM plans big loan
Banking syndicate being lined up to finance $910m newbuilding spree.
- Golden Ocean dumps Jinhui
Frontline bulker offshoot has sold entire stake in Oslo and Hong Kong-listed bulker player.
- RCCL plans $828m order
Cruise line gears up for third 3,600 passenger leviathan from Turku yard.
- Fjord Champion fire extinguished
Damage inspectors board product carrier off southern Norway after fire fighters douse blaze.
- Costly year for Aboitiz
Philippines ferry group’s expenses offset bigger revenues in 2004.
- Ghosts to head for UK
US judge clears the way for more US James River Reserve Fleet ships to be broken up on Teeside.
- Irish Ferries struck by strike
Industrial action and increased competition hits 2004 result at Irish ferry group.
- Bankrupt Lenac gets subsidy
Croatia decides to hand over cash to shipbuilder for completing gas production platform.
- Belmonte stopped over cracking
USCG stops 12-month-old Komrowski panamax bulker after "multiple" cracks found in ship’s hull.
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| MARCH 7, 2005 |
- Senator joins Inttra portal
- Maersk Sealand alerts customers to EU wood-packaging rules
- Columbia Coastal barge service links Baltimore, Philadelphia
- EPA revises rules for reporting hazardous waste
- Hong Kong shippers worry about security surcharges
- CORRECTION: DHL North America expects to cut losses
- Fish and Wildlife issues special exemption for beluga sturgeon imports
- NIT League ocean contracting seminar to be held March 21-22
- Access control, contingency planning top agenda for new DHS panel
- Ag product groups want U.S. food aid budget restored
- Associated Terminal opens bulk warehouse at Port of St. Bernard
- Box volumes soar 54% at port of Seattle
- Broadwater serves as interim Baltimore port director
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| MARCH 7, 2005 |
- Still no explanation of the "Karen Danielsen" accident
Four days after the "Karen Danielsen" hit the Western part of the Great Belt bridge there is still no explanation ...
- "Fjord Champion" to Kristiansand tomorrow
The 32,477 DWT, product tanker "Fjord Champion" (ex "Fjordshell"), which caught fire on Friday last week off South Norway, will ...
- Poland to build Norwegian Coast Guard vessels
Polish Gryfia Shipyard in Szczecin is to build five new coast guard vessels for Remøy Shipping and Remøy Management to ...
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