 | web site |
| AUGUST 8, 2005 |
Shipping News
- Malacca Strait's 'high-risk' grading reversible: insurers
A decision to designate the Malacca Strait sea lane as 'high risk' and prone to terrorism could be reversed, London underwriters said on Friday amid mounting criticism of the move.
- AP Moeller wraps up 2.3b euro P&O deal
AP Moeller-Maersk A/S, the world's biggest container-shipping company, secured enough shares to complete its 2.3 billion euro purchase of Royal P&O Nedlloyd NV, the shipping industry's biggest ever takeover.
- Mitsui OSK boosts Q1 profit as Kawasaki Kisen sees fall
MITSUI OSK Lines Ltd, Japan's second-largest shipping company, said first-quarter profit rose 37 per cent as it carried more cargo and paid less for fuel than rival Kawasaki Kisen Kaisha Ltd.
- Mercator raises 3b rupees from bond sale
- Far East Sea Shipping may sell ADRs abroad: report
|
 | web site |
| AUGUST 8, 2005 |
- AP Moeller-Maersk secures over 95pc of RPONL shares
- US west coast ports look to poach traffic from LA-LB
- Integration of Ningbo and Zhoushan ports enters final planning stage
- Johor throughput up in first half
- Davies strengthens Sri Lanka operations
- MOL breaks ground on new terminal at Jacksonville
- Singapore, Sri Lanka sign Open Skies Agreement
- Kuehne + Nagel unit Stute enlarges Airbus logistics centre
|
 | web site |
| AUGUST 8, 2005 |
- A.P. Møller-Maersk Group gains absolute control of P&ONL with 95.6 pc stake
- SCI net dips in Q1
- Comprehensive maritime policy on anvil
- Lower freight rates can double India-Pakistan trade, feel shippers
- Shortage forces Pakistan to import 5 lakh tonnes of sugar from India
- R.T. Revankar takes charge as Chief Manager (Ops), JNPT
- L&T eyeing shipbuilding, port development
- Decks cleared for construction of Gangavaram port
- AIAI presents Shipping Secy study paper on Improvement in Ports Efficiency
- Indev Group in JV with Fontys University to start graduate course in logistics
- DEPB replacement scheme may be outlined in september
- CCEA clears scheme for 25 integrated textile parks to meet challenges of post-MFA scenario
- RBI optimistic of key macro parameters, projects over 6 pc growth rate in current fiscal
- Whole new ballgame for textile producers in post-quota era
|
 | web site |
| AUGUST 5, 2005 |
- Chan strengthens U-Freight in Taiwan
- CMA CGM in talks with CP Ships about takeover
- Swissport Cargo Services opens Leipzig branch
- Macedonia: transport companies take action
- Austria's post office to be liberalised
|
 | web site |
| AUGUST 5, 2005 |
- Tonnage tax last option for UK ship leases
- Master of UK vessel jailed for excess alcohol
- Spectec buys Spec2
- US LNG import to hit three-year low
- EU researches container security
|
 | web site |
| AUGUST 7, 2005 |
- Seaspan IPO set to raise $604 million
|
 | web site |
| AUGUST 5, 2005 |
- Railroads plan new service for fresh Washington produce
- FMC proposes changes to rules for NVOCCs
- Port of Portland director praises ConnectOregon passage
- AAPA schedules first Shallow-Draft Ports seminar
- Railroads see decline in weekly carload totals
|
 | web site |
| AUGUST 8, 2005 |
- Washington signs $1.9bn management deal to strengthen Ready Reserve Fleet
A NEW set of shipmanagement contracts collectively worth $1.9bn over 10 years, signed by the US Maritime Administration, has extended a US Department of Transportation programme that draws on merchant cargoships to supply US forces in combat areas.
- Panamax operators under the cosh as dry bulk decay sets in
RAPIDLY falling dry bulk rates are leaving some panamax operators feeling the pain, with several timecharterers seeking renegotiation or even early redelivery.
- UK tightens noose on tax lease scheme
THE British government has tightened the timetable for phasing out tax-based ship leasing outside the tonnage tax regime.
- SCT awaits straddle outcome
SOUTHAMPTON Container Terminals expects to hear early this week whether six brand new straddle carriers suspended from operation after an accident are safe.
- Boeing flies further into maritime services market
THE Boeing Co is set to take another bite out of the shipping market with the launch of a range of navigation and information systems by its Jeppesen subsidiary.
- NYK joins Hong Kong police for antiterrorism exercise
AS TENSION builds over the Malacca Strait — cited as a possible target for a terrorist attack — NYK recently joined an antiterrorism exercise with the Hong Kong Police Force.
|
 | web site |
| AUGUST 5, 2005 |
- Belize becomes Caricom PSI first
BELIZE yesterday became the first Caricom country to sign a bilateral Ship Boarding Agreement with the US under the Proliferation Security Initiative
- Anger erupts over Scottish orders
SCOTTISH business and political interests have strongly condemned the placing of newbuilding orders with a Polish yard rather than at struggling Ferguson
- Fleet renewal boosts TEN
- Hutchison UK boss slams Teesport
- Master jailed in Southampton
- CMA CGM deals would redraw ranking
- Second towage operator for Le Havre
- Colombo bunkering thrown open
- Sakhalin blow for Royal Dutch Shell
- AP Møller-Maersk holds 95% RPONL
- More Europeans cruise the Baltic
- Rio Tinto Dampier upgrade on track
|
 | web site |
| AUGUST 5, 2005 |
- Vancouver backlog clearing
As truckers return to work, clean-up of strike-bound containers at port's two largest terminals could be completed in less than a week.
- Volumes boost OOIL
- Matson names China VP
- Maersk gets 95% of P&O shares
- UP, CSX set dedicated transcon perishable service
- BAX Global profit gains
- DHL expands U.S. base
- Volumes off at BA World Cargo
- New cranes for Busan
|
 | web site |
| AUGUST 5, 2005 |
- AP Moller Maersk controls 95.6% of RPONL
AP Moller Maersk (APMM) controls 95.6% of Royal P&O Nedlloyd (RPONL), after 51.5% of ordinary shares had been tendered before the public offer period closed yesterday afternoon.
- Vancouver box clearance picks up momentum
Around 92 truck licences have either already been approved or are pending approval according to the Canadian International Freight Forwarders Association (CIFFA), today.
- Protesters lose court bid to halt Melbourne dredging trials
- Sale of FESCO state stake must take place, but where?
- OOCL faces H2 uncertainties
- Injunction against Chennai second box terminal denied
- Genoa to start port modernisation in the autumn
- Groundbreaking held for MOL terminal at Jacksonville
- Korean shipowners ask for extension to port fee reductions
- China's cotton supply/demand in balance despite weather
- Demand forces open EU's door for Chinese sweater imports
- CK Line brings in increasing volumes to Mokpo Port
- China's electronic exports to Korea rise
|
 | web site |
| AUGUST 5, 2005 |
- Seaspan will float
Vancouver firm's $600m issue may be strong enough to price in target range Monday after series of discount shipping IPOs.
- More red ink for MES
Rising steel prices and delays in delivery lead to increased loss for Japanese shipbuilder.
- Malaysia and Singapore agree on Everise Glory
Wreck removal deemed more important than issues of disputed sovereignty.
- Israel warns cruise ships
Four vessels with 3,500 passengers aboard are told to divert from Turkish port.
- Wartsila orders double
Hectic yard activity boosts marine engine builder but outlook less promising.
- Toei's crystal ball faulty again
Reefer operator's forecasts of a better year falter as profits slump in first quarter.
- OOCL ups dividend
Investors will get more as line posts 15% rise in half-yearly profits.
- Maersk bags 95% of Nedlloyd shares
Danish owner cleared to take over line after vast majority of investors accept tender offer.
- Hanjin profit cut in half
Korean line blames currency weakness, though fuel costs also take their toll.
- Profits down at K Line
Japan’s third-largest owner sees first quarter results down nearly 10% on the same period a year earlier.
- Disposals lift Tsakos
US-listed Greek gas and tanker operator surpasses good 2004 result thanks largely to ship sales.
- Record results at Navigators
US marine insurer sees 25% jump in second quarter profits on healthy rise in written premiums.
- Extra ships boost Precious
Increased fleet numbers and freight rates help lift second quarter profits at Thai bulker player.
|
 | web site |
| AUGUST 5, 2005 |
- OOCL parent powers on with $309 million earnings in first half
- "K" Line's net income down 10%
- Maersk secures approval of P&O Nedlloyd stockholders
- Europe/Australia/New Zealand carriers raise rates
- Chamber of Shipping of America makes appointments
- BAX’s Los Angeles freight station doubles in size
- United's July cargo volumes down 0.9%
- USAID charters two cargo planes for food aid delivery to Niger
- CSX, UP to start Wash./N.Y. produce unit train service
- Cedar American receives first of 600 grain covered hopper cars
- CBP: 70% of incoming containers are screened
- European Commission proposes RFID standardization
- Iridium, ZOCA partner to offer enhanced container security
- NYK Logistics (China) opens Beijing office
- MOL breaks ground for Jaxport terminal
- APL introduces RFID upgrades at Los Angeles terminal
- ILWU foremen plan stop work meeting Aug. 11; won't affect PierPass
- Panama Canal to start vessel tracking trial
- Port of Boston cargo up 10% at Conley Terminal
|
 | web site |
| AUGUST 5, 2005 |
- A.P. Møller-Mærsk secures 95.6 per cent of Royal P&O Nedlloyd
Mission accomplished! That seems to be the words when the final date, 4 August, for the A.P. Møller-Mærsk acquisition ...
- New plan for a huge container terminal
A planned new container terminal at Stigsnæs on Sjælland will not be built on contaminated soil as planned. The Baltic ...
- Polish Baltic Shipping to sell everything but ferries
The Polish state has despite several efforts since 1993, failed to privatize the fully state-owned Polish Baltic Shipping, PBS ...
|
 | web site |
| AUGUST 5, 2005 |
- New EU study on ship emission controls near completion
A feasibility study for the European Commission aims to define the tools that may eventually lead to ship emissions trading.
- Singapore suppliers: Platts' MOC 'right' despite flaws
Singapore bunker players see little alternative to Platts' pricing system, but admit there is room for improvement, Bunkerworld magazine reveals.
- Resupply fears spark West Coast MDO spike
Marine diesel oil prices on the North American West Coast jump on resupply costs but Vancouver shrugs off train derailment.
- Colombia looks to expansion plans
But inadequate infrastructure holding back potential growth in Colombian bunker market.
- Wartsila engine orders double
Company warns that that reduced availability of building berths and higher yard prices will reduce new orders.
- New EU study on ship emission controls near completion
A feasibility study for the European Commission aims to define the tools that may eventually lead to ship emissions trading.
- China: Diesel shortage could increase fuel oil demand
A current shortage of diesel in southern China could prompt increased Chinese demand for straight-run fuel oil as refiners see margins widen.
- Russia: Economy minister calls for oil tax review
Russian economy minister says oil taxes must be reviewed by year-end, but may slash fuel oil export duty in the next week.
- Bosphorus passage delays possible boon for bunkering
Istanbul suppliers keen for owners to take advantage of prompt supply opportunities during idle time.
- OPEC output nears 26-year high
OPEC output level rose 290,000 bpd in July to its highest level since December 1979, nearing 26-year high.
- Rotterdam follows crude higher
- Hong Kong: 380 cst faces shortage of supply
A delay in ExxonMobil's 380 cst cargoes has led to a slight shortage in supply of the bunker fuel in Hong Kong.
- Major oil spills on the decline
Statistics released by the International Tanker Owners Pollution Federation have shown a decline in the number of major oil spills from ships worldwide.
- Singapore suppliers: Platts' MOC 'right' despite flaws
Singapore bunker players see little alternative to Platts' pricing system, but admit there is room for improvement, Bunkerworld magazine reveals.
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
