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| MARCH 10, 2005 |
Shipping News
- Marshall Islands ship registry eyes top rungs
WITH Panama firmly in its sights, the Marshall Islands ship registry is aiming to leapfrog ahead of Singapore to claim fifth spot in the ranks of global ship registries by year-end as it focuses on Asia, according to the registry's chief.
- Philippines developing 100-ha maritime industrial park
THE Philippines is putting up a 100-hectare maritime industrial park to woo foreign and local companies engaged in shipbuilding, conversion, repair and other related industries, says the state-run Maritime Industry Authority .
- Pirates free 2 seafarers kidnapped in Malacca Strait
TWO South-east Asian seafarers, kidnapped last month in the Malacca Strait by armed pirates believed to be Indonesians, have been freed, officials said yesterday.
- Seoul given 90 days to end shipbuilding subsidies
- Ferry problems put P&O in the red
- Call for expansion of Panama Canal
- Carnival's CEO donates bonus to tsunami relief
- Sunken tanker's ex-master released
Strait Talk
- Northern lessons for Singapore?
LONDON, Singapore, New York, Connecticut, Shanghai, Gibraltar, Hong Kong Panama, Dubai and no doubt many, many other locations, are either major maritime centres or desperately want to become one.
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| MARCH 10, 2005 |
- Sailors missing after Yellow Sea freighter collision
- Four-up-four-down solution in sight
- China-Germany container rail service on track
- NOL's volumes surge 24pc to 215,300 FEU over first 6 weeks
- South Korea brushes aside WTO warning on shipbuilding
- MacAndrews to provide Afghan cargo service
- Hainan Airlines to double fleet in 5 years
- Haeco profit grows in 2004
- U-Freight appoints logistics VP
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| MARCH 10, 2005 |
- Sai Shipping bags GCL’s Best Shipping Agent Award
- Box feeder operators lower Immediate Congestion Surcharge on Singapore-Chennai route
- Petronet, IBP ink MoU for supply of LNG to units in Dahej area
- GE Shipping going full steam ahead with tonnage addition
- Mercator keen to develop 2 non-Major ports in Gujarat
- KPT to tap SPV for infrastructure to finance development plans
- Customs duty reduction on cargo handling equipment welcomed
- Gateway Distriparks Ltd’s public issue opens
- Private players in box transport by rail may need to invest in rolling stock
- Rebate method scrapped in move towards EET
- Fast-track clearance scheme for EOUs gets finMin nod
- Business upbeat on growth prospects
- Forex reserves swell by $ 2.699 bn
- Economy can achieve 7 pc growth, says Crisil
- Reforms will make textile industry competitive in global market, opines Vaghela
- 3-day textile expo from March 17
- IMC Juran Medal presented to Dr Verghese Kurien
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| MARCH 9, 2005 |
- Norway to improve protection against marine oil pollution
Plans to improve pollution preparedness to cope with rise in oil tanker activity, and to establish emergency reception centres for bunker fuel.
- Russian fuel oil output down last year
Russian refineries boosted crude processing rates in 2004, but production of fuel oil fell as they raised output of high-end products.
- DOE & API: Latest US oil inventory figures
Solid crude build and mostly modest draws seen in key product stocks.
- Rotterdam barge offers near $200 in firm market
- Saudi posted prices: Fuels down, distillates up
- Reports: Exclusive rights and discounts for Iraqi-Malaysian JV
Joint venture bunker operation between Malaysian Merchant Marine and Iraqi Oil Tankers Company to receive exclusive rights and fuel purchase discounts.
- High oil prices unlikely to induce OPEC output increase
Despite a record high crude oil price hitting more than $55 per barrel, output levels are expected to stay indifferent even after next week's OPEC meeting.
- EMSA reiterates cash for capacity proposals to barge operators
The EU's European Maritime Safety Agency (EMSA) has called on bunker barge operators, among others, to submit proposals to enlist a fleet of stand-by emergency spill response vessels in four regions from its $23 million budget.
- BP Marine completes latest marine fuel terminal
Oil major's new multi-million dollar project signals end of 80 years of bunkering from East Fremantle terminal.
- Tacoma supplier reduces market presence
Tacoma-based U.S. Oil & Refining Co. begins refinery turnaround, prompting a period of reduced marine fuel sales over the summer months.
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| MARCH 9, 2005 |
- MOL orders small LNG carrier
- New shipping jobs scam
- Eco friendly car carrier design
- Pirates release kidnap victims
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| MARCH 10, 2005 |
- MOL deal with Hiroshima will complete trio
MITSUI OSK Lines has extended its partnership with Hiroshima Gas by forming a joint venture to order a new small LNG ship.
- UK P&I Club defends safety of gas carriers
EXPERTS at the top liability insurer for liquefied natural gas and petroleum carriers have delivered a stout defence of the vessels’ safety record.
- Owners get the hump as Egypt makes them pay price of berth control
SHIPS that go bump, and some that do not, are finding calls costly at Egyptian ports, write James Brewer and Mark Warner.
- IPO enthusiasm unchecked as TBS announces listing
THE tail wind of enthusiasm for shipping in today’s Wall Street has encouraged TBS International, a high-yield era survivor of the 1990s, to file for an initial public offering.
- Haugland legal claim fails
HAUGLAND Tankers AS has failed in a High Court battle to force a shipbuilder to supply it with a second oil tanker under an option agreement, writes Roger Pearson.
- MSC boxship in bulker collision
AN MSC boxship was involved in a collision with a bulk carrier in the Yellow Sea yesterday, writes Mark Warner.
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| MARCH 9, 2005 |
- Tragedy linked to poor oversight
THE death of 11 passengers in 2003’s Staten Island ferry accident resulted from a failure of oversight by the NYC Department of Transportation (DOT), a federal investigation has found
- French strike tomorrow
A NATIONWIDE strike called by French labour unions over pay and employment conditions is expected to hit ports across the country tomorrow
- Cubatao managers seek new site
MANAGERS from Rio Cubatao, the Santos, Brazil container terminal soon to close, are trying to find another site in the Santos bay area to continue their activities
- Intertanko joins Massachusetts fray
INTERTANKO has joined forces with the US Department of Justice in its fight against a new Massachusetts law governing tankers plying state waters
- Seafarers missing after collision
FOURTEEN seafarers are missing following a collision in the Yellow Sea between a Korean vessel and the container ship Rickmers Genoa
- Strong services at James Fisher
GROWING profits and turnover supported by strong underlying cashflows were the story for marine services provider James Fisher, which reported its 2004 results today
- Excel goes for more, stock plummets
- Dutch ship held for pollution
- Pyeong Taek adds car, cement berths
- Torm sees fall in tanker earnings
- Further French pollution fines
- Greens ask Germany to clean Norway
- Marshall Islands targets Asia
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| MARCH 9, 2005 |
- California ports delay cuts in free-time
Long Beach (left), others want to gather more data on plan to reduce free time for box storage.
- Baltimore outlook good despite politics: Ex-port chief
- Pols urge cooperation on S.C. container terminal
- Channel deepening on Portland 2005 transport plan
- DHS wants grant changes
- Jacobs surfaces at Samskip
- MSC ship in China crash
- U.S. ports eye Euro jet
- Jaxport OKs Coastal lease
- Feeders cut Chennai charge
- Approval for China-HK bridge
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| MARCH 9, 2005 |
- Charter-ships are geared for go in world of port congestion
The flexibility offered by geared vessels, in today’s congested ports, have made them charterers’ vessels of choice, who are being obliged to fix for ever-longer periods, say Howe Robinson (HR).
- Li Kelin: 4-5% rate-rise forecast
China Shipping Container Lines (CSCL) chairman Li Kelin said today in Hong Kong that the company had forecast steady freight-rates increase of 4-5% year-on-year in 2005.
- Fleet expansion raises CSCL profits
- Hamburg Sud linked to new Itapoa terminal
- PAL Line increasing Sweden-UK tonnage and frequency
- Chennai feeder-operators bow to Maersk pressure and reduce surcharge
- DPI’s new work culture angers Cochin workers
- CSCL rules out 12,00TEU ship-orders, and slows box-ordering
- HK infrastructure projects ‘not affected’ by Tung resignation rumours
- Gotthard on track says project leader
- Youngil New Port berth construction to commence
- FESCO exhorts agencies to build import-export ‘conveyor-belt’
- Help publicise recruitment scam, ITF asks owners, managers and carriers
- Road infrastructure planned for Busan and Gwangyang distriparks
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| MARCH 9, 2005 |
- IUM and Dyn win ships
The biggest US-flag shipmanager has continued its expansion.
- Gdynia to raise cash
Share issue to be aimed at Polish shipbuilder's existing investors and creditors.
- CSAV sees profit soar
Chilean containership owner boosts earnings by 186% in 2004.
- MMM inks deal in Iraq
Malaysian shipowner reportedly signs MOA with Iraqis to kick off ambitious joint venture.
- James Fisher lands big profit
UK tanker and marine services group in the money as it seeks to offload older vessels.
- Crew missing after ship sinks
Search on for 14 seafarers after South Korean vessel and Rickmers boxship collide in Yellow Sea.
- Gielen in for De Hoop
Dutch shiprepairer to take over bankrupt Heusden shipbuilder.
- LR says 12,500-teu ships by 2010
Industry within "realistic reach" of largest containerships possible with single screw and port limitations.
- Restis sale boosts MISC
Malaysian owner wins ratings upgrade from S&P as proceeds from bulker disposals set to pay down debt.
- Imarex in share issue
Freight forward specialist will raise $6m ahead of April listing.
- MOL orders mini LNG ship
Japanese owner orders 19,100-cbm capacity LNG carrier at Kawasaki in joint deal with Hiroshima Gas.
- Pirates beat crewman
Seafarer sustains head and leg injuries after metal bar wielding attackers board bulker off Indonesia.
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| MARCH 9, 2005 |
- Coast Guard tightens security rules for non-ISPS-compliant nations
- CKYH alliance adds Panama call to Asia/U.S. East Coast link
- Rickmers Linie ship involved in collision, 14 people missing
- MOL, Hiroshima Gas form joint LNG company
- Jacobs joins Samskip
- BA appoints Walsh CEO
- Cargolux adjusts fuel surcharge
- Air Canada leases cargo capacity from World Airways
- PBB integrates subsidiaries under new facility roof
- FMC reviews 2 OTI applications, revokes 2 licenses
- U.S. starts free trade talks with Oman and U.A.E.
- Illinois company, president sentenced for illegal exports
- ITC determines injury from Chinese tissue paper imports
- Dynamex acquires Interface, switches to NASDAQ
- Transport Industries Holdings names Greer CEO
- Former Baltimore port director White joins Ceres Terminals
- Kalmar acquires two Peinemann companies
- Long Beach picks new security director
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| MARCH 9, 2005 |
- VTS admits negligence on "Karen Danielsen"
Søværnets Operative Kommando, which is in command of the VTS-station in Korsør, stated today, that three persons on duty ...
- EMSA call for oil spill response vessel
The European Maritime Safety Agency, EMSA, has released a call for expressions of interest to position oil spill response vessels ...
- Sky high profit for D/S Torm
Listed Dampskibsselskabet Torm A/S in Copenhagen had a fantastic year in 2004. The result was the best ever in ...
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