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| APRIL 8, 2005 |
Shipping News
- Asian shippers open talks with shipowners
A new grouping of Asian shippers is meeting with success in its efforts to build a 'constructive partnership' with Asia's shipowners.
- HK's total ban on single-hull tankers disrupts bunker market
HONG Kong is the only port in Asia to ban all single-hulled tankers, including those with double-sides and double-bottoms, triggering some disruptions in its marine fuels market, industry sources said yesterday.
- Attempted attack on tanker was in Indon waters: Singapore
AN attempted pirate attack this week on a Japanese-owned crude oil tanker in the Singapore Strait took place in Indonesian waters, Singapore's Ministry of Defence said yesterday.
Admiralty Casebook
- Straight bill of lading as good as a document of title: House of Lords
A STRAIGHT bill of lading is as much a document of title as a classic 'to order' bill, and is a bill of lading for purposes of the Hague Rules and the Hague-Visby Rules, the House of Lords in England has ruled.
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| APRIL 8, 2005 |
- Cosco Holdings IPO possibly in June, report says
- Chiwan Port net profit soars 70pc in 2004
- ASC and ASF SERC pledge to work for mutual benefit
- Environmental concerns delay Melbourne dredging
- PTP expansion on schedule
- ARH seeks all of Port of Auckland's shares
- Lufthansa Cargo ends FY2004 on high note
- Asiana extends Menzies contract in Sydney
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| APRIL 8, 2005 |
- Intra-Asian, European freight rates up by 10 pc, but yet to peak
- Chilli exports at all-time high
- Fieo MoU with Uzbekistan
- JNPT sets sights on 35 m tonnes, 2.5 m TEUs
- D.T. Joseph calls for innovations to solve port infrastructure problems
- Sethusamudram project given environmental clearance—Baalu
- Dragon’s insatiable appetite boosts iron ore exports thru’ Mormugao Port to record 30.7 m tonnes
- Major Ports post highest growth rate (11.3 pc) in decade
- Chennai Port records all-time high cargo throughput of 43.80 m tonnes in 2004-05
- CONCOR’s ICD-TKD blazes a new trail
- CONCOR’s ICD-Pithampur starts bonded trucking for import air cargo from Sahar ACC
- Budhiraja promises to facilitate solution to curbs on plying tractor-trailers
- Govt may ease EPCG norms today
- Seafood sector threatens stir against I-T Dept re-working tax dues
- ECGC signs pact with 11 banks
- Govt may review duty-free imports of raw sugar
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| APRIL 7, 2005 |
- Fuel Cell power for ships one step closer
Leading ship machinery and propulsion provider Wärtsilä Corp. has unveiled a fuel cell power unit prototype, bringing commercial use of low emission fuel cell technology for auxiliary engines on ships one step closer.
- Former Lungshan manager due in court Friday
Former general manager of bunker supplier Lungshan Petroleum faces corruption charges in a Singapore court Friday.
- Singapore fuel oil prices rally as supply tightens
Singapore fuel oil cargo values hit new record and traders see no immediate sign of prices easing, despite ample arbitrage arrivals expected by mid-April.
- ARA market holds firm amid tight avails
- Hong Kong: Disruptions in fuel oil supply after single-hull ban
The Hong Kong bunker market has experienced some supply disruptions after authorities imposed a ban on all single-hulled tankers, and increased freight cost raise April bunker premiums.
- Chinese oil shipments unaffected by single-hulled ban
The operations of Chinese shipments of fuel oil and crude oil are unlikely to be affected by the recent ban on single-hulled tankers.
- Yuzhnyi oil terminal operations unaffected by spill
Oil terminal operations were unaffected yesterday despite a small spill of fuel oil at Ukraine's Yuzhnyi oil terminal.
- VLCC escapes pirate attack in Singapore Strait
The crew onboard a very large crude carrier (VLCC) managed to drive back pirates in seven fishing boats using powerful firehoses in the crucial sealane.
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| APRIL 7, 2005 |
- Maptuit offers services to owner-operators
- Slovakia to introduce a truck toll in 2006
- Fedex Freight continues strategic expansion
- The port of Vukovar to raise capacity
- Lufthansa Cargo posts positive 2004 results
- RCL: new joint venture in Vietnam
- Eller & Co promotes Stephen Healey
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| APRIL 7, 2005 |
- MOL launches upgrade of Philippines training centre
- Feederlink short sea service welcomed
- Famous Pacific partner to expand in UAE
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| APRIL 7, 2005 |
- EC nixes Italian ship loan guarantee plan
- MSRC and Clean Sound merge
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| APRIL 7, 2005 |
- Schnitzer Steel earnings jump during second quarter
- Port of Seattle taps Watson as new general counsel
- Coast Guard rescues sailor 250 miles off Oregon coast
- DOT transportation index makes gain following down month
- Port of Portland Commissioners adding cargo input to noise study
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| APRIL 8, 2005 |
- Harper Petersen launches boxship index
HAMBURG shipbroker Harper Petersen is launching a new-style index of containership charter rates that gives a more transparent picture of market conditions than some existing indicators.
- Shipowners disappointed with Norway’s tax tweaks
NORWAY’S shipowners, awash with record profits, have branded the Conservative government’s latest round of tax changes as a "setback" despite a pledge from Trade and Industry Minister BØrge Brende to phase out the wealth tax.
- Lubricants crisis could keep ships idle
SHIPOWNERS are facing a crisis in marine lubricant supplies that may keep some vessels in port, unable to complete their voyages.
- Port inspectors plan starts row with EU member states
EUROPEAN Union governments are fighting plans by the European Commission to send inspectors into ports around the continent to ensure compliance with the new port security directive.
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| APRIL 7, 2005 |
- Funding for US SEA-21 slow
FUNDING for the US Department’s of Transportation’s SEA-21 programme has been illusive, said department secretary Norman Mineta
- Kenya unveils port master plan
KENYA Ports Authority released a 15-year port master plan this week which includes the privatisation of terminals and an expansion of Mombasa container terminal
- PDVSA: no Citgo sale
VENEZUELA oil minister and PDVSA president Rafael Ramirez has denied reports that US refinery arm Citgo will be sold outright
- Idaten incident cost Kondo ¥50M
- Petrobras workers end action
- Uneasy prelude for Berlioz
- India, Panama to set up university
- MOL strengthens Filipino training
- Frontline predicts 7% rate raise
- Japanese VLCC shakes off pirates
- Indonesians win presidential boost
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| APRIL 7, 2005 |
- Stock offering to fund Cosco expansion
Group's planned $2 billion offering expected to help boost fleet of 600 ships with current total capacity of 256,000 TEUs.
- China hits U.S. curb talk
- Senator ends N. Europe-Canada service
- TSI up in January
- Bill for new Miss. locks
- UPS plans Asia logistics hub
- Vast expansion for Chennai cars
- CN: Grain deliveries OK
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| APRIL 7, 2005 |
- China textile community concerned over EC, US safeguards
The textile industry in China has expressed concerns over the European Commission’s (EC) guidelines for safeguards on Chinese textile exports to the EU.
- More stowaways reach US in containers
Twenty-nine Chinese stowaways are in custody after being discovered in a cargo area at Yusen Container Terminal at the Port of Los Angeles.
- Freightliner: strike tomorrow cannot be averted, but client-consequences can
- Bangladesh and Nepal to push for duty-free garment access to US
- Germany to put thumb-screws on dirty trucks and motorway avoidance
- Haddo Meijer to leave RPONL Board
- Coscon deploys new ship on European trade
- UK gains new East-Coast coastal feeder
- Bombardier’s multi-system loco’s hailed a success
- Esperance to be Australia’s latest box port
- Heavy policy traffic on the TEN-T network
- SYMS and Coscon launch China/Japan service
- Kerry Logistics grows in Asian market
- CK Line back to profits
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| APRIL 7, 2005 |
- Want to buy OMI?
Then bring your wallet -- it will cost $26m to dismiss management team.
- Bergesen fixes Shoei bulkers
Oslo based shipowner charters two 200,000-dwt newbuildings for at least 10 years.
- Carnival revises fuel costs
Forward contracts show 30% price surge to $257 per ton for the remainder of the year.
- Scandlines talks on hold
German and Danish states suspend discussions of possible stake sale in Baltic ferry operator.
- Jefferies lifts price target on TEN
Massive appreciation in value of newbuild contracts warrants higher stock price, says bank.
- Doubts still cloud Latvian future
Two separate court rulings back different sets of directors as feud goes on at Riga owner.
- Mercator raises $60m
Indian owner will pay 1.5% interest on new bonds earmarked for ship purchases.
- Big bucks for Big Two
Stevenson and Bugbee share $4.2m in cash bonuses, plus large bundle of restricted stock for OMI's record-setting 2004 performance.
- HFW beefs up ship finance
Trio of lawyers jump ship from Stephenson Harwood to join rival Holman Fenwick & Willan.
- Aponte wants another cruiseship
MSC chief looking to spend up to EUR 650m on newbuilding to expand Mediterranean fleet.
- Kherson to get busy
Ukrainian shipbuilder and repairer wants to double its output this year.
- IHC mulls share issue
Dutch group needs cash to build up fleet of FPSOs after exiting shipbuilding.
- VLCC fends off pirates
Yohteisan escapes attack in Singapore Strait after taking evasive manoeuvres and increasing speed.
- CSDC set for strong start
The Hong Kong listed arm of China Shipping Group is set to see profits double from a year ago.
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| APRIL 7, 2005 |
- Maersk, Hyundai raise demurrage
- Report: COSCO liner-port business to raise up to $2 billion in June
- Senator Lines leaves Montreal/North Europe loop
- Liberty Global requests judicial review of MarAd's MSP selection
- Evergreen replaces smaller ships in Atlantic link
- UPS kicks off non-stop U.S.-Guangzhou flights
- ABX seeks out NASDAQ investors
- Continental to start daily non-stop New York/New Delhi flights
- Soybean shippers support Water Resources Development Act bill
- UP to use low-emission diesel-hybrid in California
- UTi continues to see profits soar
- Chalmers is new PBB boss
- Asian Development Bank forecasts soft landing for China's economy
- ITC: Canadian hog imports do not injure domestic producers
- BNSF Logistics appoints Boyd, Richards
- U.S. textile groups file multiple China safeguard petitions
- Pacific Maritime Association predicts 14% rise in West Coast traffic
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| APRIL 7, 2005 |
- Bergen could lose Nor Lines and Sea Cargo
Port of Bergen could lose two important customer – Nor Lines and Sea Cargo – because of different fees charges to the ...
- SS "Norway" destined for Malaysia
The 76,000 grt cruise vessel SS "Norway" may be towed to Port Kelang in Malaysia from Bremerhaven shortly and could ...
- Coaster owner buys third vessel
Rederiet C. Rousing, one of the youngest Danish shipping companies, has purchased a third coaster to the company’s owned fleet ...
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