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| MAY 9, 2005 |
Shipping News
- US leaves it to littoral states
IN an apparent nod to the art of diplomacy, the US has said the three littoral states of Malaysia, Indonesia and Singapore can do a 'very adequate' job of safeguarding security in the Malacca Straits.
- Hyundai Merchant's first-quarter profit rises to a record
HYUNDAI Merchant Marine Co, South Korea's second-largest shipping company, said its first-quarter profit rose to a record after it cut interest costs and raised rates for carrying goods from Asia to the US and Europe.
- Ezra takes delivery of Asia's largest, advanced tug boat
SINGAPORE-LISTED work boat owner Ezra Holdings has taken delivery of what is claimed to be the largest and most highly specialised tug boat of its kind in Asia.
- Bulk rates up as holidays end
- 23 Vietnamese sailors missing off Shanghai
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| MAY 9, 2005 |
- Cosco counts Costaco in
- Sinotrans' chief expects increased competition in 2005
- Consul General discusses Australia's trade priorities in Asia
- Geodis looks to Asia for expansion of logistics services
- TNT registers Q1 profit
- Hactl to handle HK cargo services for Shanghai Airlines
- Dragonair welcomes new plane to fleet
- Kuehne + Nagel chooses Descartes for air cargo messaging
- IFLN teams up with BA World Cargo
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| MAY 9, 2005 |
- Liner industry expected to steam ahead
- NYK Line ships 600 TEUs of tsunami relief free-of-cost
- Global container fleet set to grow by 13 pc on an average per annum
- Evergreen reaffirms commitment to Indian trade
- AADA to revise upwards bunker surcharge
- FEFC increases BAF charges
- Chinese curry favour with Indian ‘masala’
- Sharp increase in edible oil imports in April
- Maersk accepts FIF stand on freight brokerage
- Convert specific duties on farm goods to ad valorem tariffs: Kamal Nath
- Govt to set up hi-tech weaving parks
- NCAER review sees 7.2 pc GDP growth in 2005-06
- ESCAP puts it at 7.5 pc
- Cabinet decision on SEZ Act may pave way for flow of FDI
- IMC training programme on FTP on May 11
- CII to hold meet on BIMSTEC FTA today
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| MAY 6, 2005 |
- Owner missing as last fuel pumped from abandoned Ro-Ro
Owner search continues as remaining bunker fuel is removed from freighter damaged off Canadian coast.
- Lintec warns on 'ongoing' styrene contamination
Problem is most acute in Antwerp and Rotterdam, where over the last three months the company has seen a number of fuel stems with high styrene content, presenting commercial and health and safety issues.
- Greece: Zeba Maritime strengthens team with experienced trader
- Glencore fixes Singapore-bound fuel oil cargo
- Singapore: Titan expected to build 10 new double-hulls
Bunker player may invest heavily in fleet expansion in order to boost volumes.
- Quiet Friday morning in ARA market
- Singapore: Single-hulled tankers abide by new rules
The Maritime and Port Authority of Singapore has not detained any single-hulled oil tankers in violation of the newly imposed Marpol Annex I regulation.
- Hong Kong: Soaring Dragon conforms to Marpol VI early
Hong Kong supplier, Soaring Dragon Enterprise, has completed the necessary paperwork and documentation required to conform with Marpol Annex VI.
- NYMEX presses ahead to open Dubai exchange
The New York Mercantile Exchange (NYMEX) will press ahead with a joint venture to open Dubai's first futures exchange after a long holdup.
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| MAY 6, 2005 |
- USA: Connecticut launches "E-Alert" system for highway and rail incidents
- Germany: heavy penalties for tachometer manipulation
- Panalpina: 20 redundant in Basel
- UK: new Bristol rail freight terminal opens
- Arke Fly launches direct services to Greece
- Port of Trelleborg to be extended
- Dr Klaus Eierhoff leaves Thiel Logistik AG
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| MAY 6, 2005 |
- Fewer pirate attacks in Q1
- New Gib flag row
- Seabulk’s "terrific" Q1
- OSG celebrates "outstanding" Q1
- Maritrans wins legal battle over double hull patent
- Aussie sheep sales to Saudi Arabia set to restart
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| MAY 6, 2005 |
- Aker Yards gets four PSV order from Siem
- Wartsila signs first global customer agreement
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| MAY 6, 2005 |
- Boeing closes land sale with Federal Reserve Bank
- Weekly rail freight traffic posts all positive numbers
- PDX noise board to meet May 12th in Vancouver
- Matson's Ka Ipu ‘Aina program supports over 100 cleanup sessions
- Over 200 pounds of pot nabbed at Pacific Highway crossing
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| MAY 9, 2005 |
- Clements launches Integro to challenge top brokers
ONE of the gurus of modern insurance has raised the $300m-plus he needed to set up a substantial broking firm that will squarely challenge Marsh, Aon, Willis and mid-ranking rivals.
- Sovcomflot plans five-year $1bn newbuild agenda
Russian shipping giant Sovcomflot now expects to spend close to $1bn on its newbuilding programme over the next four or five years.
- EC’s Karamitsos softens line on criminal sanctions against seafarers
Top European maritime official Fotis Karamitsos has claimed that the European Commission wants to ensure there are no further injustices against seafarers as Brussels seeks to counter widespread hostility towards its recent directive on criminal sanctions in pollution cases, writes Nigel Lowry in Athens.
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| MAY 6, 2005 |
- Language at root of false alarm
THE false alarm that brought Greek security forces rushing to the aid of a ship in the Med on 2 May may owe as much to language interpretation as to technical procedures, inquiries have revealed
- Bunker contamination warning
BUNKER fuel contamination is posing a threat to the health and safety of crews, according to Lintec Testing services
- Seacor and Seabulk perform well
STRONG performance has been reported by both Seacor Holdings and Seabulk International as the two companies move toward an expected June merger
- More Brazilian ports ban GM soya
TWO more Brazilian ports have banned genetically modified soya from being exported through their terminals
- Illogical clause leads to delays
A LACK of port health officials at Indian ports and antiquated rules have led to unnecessary berthing delays and inconvenience for shipping companies and their agents
- S African ports boss confirmed
TRANSNET has confirmed the appointment of Khomotso Phihlela as chief executive officer of the South African National Ports Authority
- Workers rally against toxic ship
- Reserve fuel sample advice
- Bulker aground in the China Sea
- HMM posts sharp rise in 1Q profit
- Pacific Sky cruises cancelled
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| MAY 6, 2005 |
- EU chief exits liner anti-trust probe
Barroso will end oversight of anti-trust cases after revelations that he took a vacation on luxury yacht of Greek shipping magnate.
- FMC updates controlled carriers list
- Nordana expands Med/Americas
- UPS expands Canada SCS
- Sloman Neptun opens U.S.-N. Africa service
- Cranes to boost Wilmington reach
- Vancouver grain terminals sold
- Greenbrier prices shares
- Vexure revenues up
- Growth plan for S. Africa Airways
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| MAY 6, 2005 |
- Indicators reveal uncertainty in major trades
Lines in the Pacific trade are reporting that rate increases to southern California have been flat, while all-water trades to the East Coast have enjoyed the major rate rises.
- Railway head says Vancouver should get priority over ‘imitators’
Efforts to expand Canadian West Coast container-capacity should concentrate on transforming Vancouver into a ‘mega-port’ like Rotterdam or Long Beach, not plans to develop nearby Prince Rupert.
- HMM reports record high quarterly profits
- HPH ‘no longer negotiating’ Ceres Paragon Amsterdam takeover
- Rail-platform supply hits Russia transit figures, says VICS
- Koper investing on the back of 21% increase in box volumes
- India’s Freight Interest Forum calls for state intervention on Maersk vs brokers
- Baby boon: NCC enjoys boost from newest facility
- OOCL floats an ice-class of five
- North Carolina Ports to take hi-cubes five-high with new reachstackers
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| MAY 6, 2005 |
- Star deal for Wartsila
Reederei Blue Star becomes launch customer for engine builder's servicing deal.
- Prestige: Never again
European Commission shipping chief claims detention of Capt Apostolos Mangouras could never happen again.
- Shipping is easy target
US oil record book prosecutions set to continue warns Exxon Valdez lawyer, Michael Chalos.
- Drunken sailor fined
Russian cargoship captain found to be nearly twice the legal limit in Fife, Scotland.
- Danaos wins Kexim funds
Greek owner will get more low-cost financing, this time for latest Samsung leviathans.
- Nordana buys two ro-ros
Danish line boosts Atlantic capacity by 60% with purchase of two Delmas multipurpose ships.
- Mipo makes more money
Korean shipbuilder puts on profit and revenue in first quarter of 2005.
- Pan-United profits slip
Dearth of work in first quarter cuts earnings by nearly 40%.
- Black power for Platou
Norwegian broker sets up tanker shop with South African black empowerment owner MBC.
- Record start for HMM
Higher freight rates and cargo volumes give a boost to diversified South Korean shipping group.
- HHI canny with currency
Korean shipyard giant expects to turn around operating losses this year after hedging against stronger won.
- Earnings up, expenses down
Precious Shipping triples profits, as higher freight rates and lower financial costs conspire.
- Seacor sails on
US offshore owner turns around losses in first quarter as it prepares to merge with Seabulk.
- Brattvaag bags more
Aker Yards unit adds potential six-ship order from Kristian Siem's Siem Offshore.
- Wilson snaps up bulker
Norwegian company buys forty-fifth owned ship from Greece's Sea Observer.
- SSC signs boxship MOAs
Singapore Shipping Corp’s sale of two containership to Thor Dahl Shipping looks to be back on.
- Diana doubles its money
NYSE debutant sees first quarter profits more than double on a year ago due to hot bulker rates.
- Seabulk sees stellar start
US tankers to offshore ship operator sees first quarter profits nearly double from twelve months ago.
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| MAY 6, 2005 |
- OSG's tanker shipping profits skyrocket
- Nordana expands Med/U.S. multipurpose service
- Maersk Sealand switches Nhava Sheva terminal
- OOCL adds second North Europe/Baltic loop
- Northwest places order for up to 68 Boeing 787 Dreamliners
- United sees 3.7% April cargo rise
- UP derailment delays Chicago shipments
- Expeditors’ 1st quarter earnings increase 19%
- Kuehne + Nagel selects Descartes for air cargo messaging
- COAC seeks answers about C-TPAT benefits
- USDA chief: more food aid, not less, for troubled countries
- House bill proposes voluntary meat origin labeling
- Chertoff meets with trade group during Arizona trip
- Port of Halifax seeks Asian cargo growth
- N.Y.-N.J. Port Authority names McKeon as harbormaster
- Ceres Terminals names South Atlantic and Gulf executives
- Port of Auckland box volumes down 4%
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