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| MAY 10, 2005 |
Shipping News
- No lapse in security in Indon vessel case: Johor Port
THE Johor Port has denied any lapse in security surrounding the Indonesian vessel Inabukwa which was purportedly hijacked and diverted to Pasir Gudang by armed pirates who then forced the crew to unload a US$1 million cargo of tin ingots.
- Lack of rest endangering safety at sea
SAFETY at sea is being compromised because officers on merchant ships do not get enough rest periods, a British seafarers' union warned on Sunday.
- Tunnel-toll rise, rain in HK cause massive traffic jam
HONG Kong came close to gridlock for the first time yesterday as a toll rise on a major tunnel and heavy rains weighed on the Chinese territory's normally free-flowing transport system.
- Shipping's healthy growth will continue: GAC chief
- Collision said to have killed 14 in S African boat
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| MAY 10, 2005 |
- Heung-A, STX Pan Ocean to launch China/SE Asia service
- Cepa boosts HK's economic recovery, says minister
- Singapore, Germany strengthen maritime co-operation
- Yang Ming orders five 4,250-TEU newbuildings
- IPBCC to raise BAF, CAF in June
- Hapag-Lloyd to trim fat to focus on shipping
- Kuehne + Nagel takes over Gebr. Monkemoller
- Northwest Airlines orders Dreamliners
- China to produce wing boxes for Airbus
- US, Maldives sign open-skies accord
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| MAY 10, 2005 |
- Seven transatlantic container lines plan to hike rates
- Deeper 45-foot channels officially opened to NY/NJ Port
- Evergreen posts 52 pc surge in Q1 earnings
- Kalmar launches next generation RTD1623
- Tianjin port to build 10 more box terminals
- Kuwait plans container port on Bubiyan island
- Floating staff, new TDS rules leave shipping companies all at sea
- Preference for containerised cargo gaining momentum
- Mercator Lines signs MoU with GMB to develop port at Maroli
- Dumping probe on EPDM from US, EU, China and Brazil
- Increasing demand seen for handicrafts abroad
- Schenker India holds annual sales workshop
- CONCOR’s ICD-Dadri targets 1,50,000 TEUs during 2005-06
- Highway projects to be taken up on BOT basis, says Minister
- Specialised Logistics Post Service to link Gujarat cities with Mumbai, Jaipur with 24-hr deliveries at doorstep
- Inflation rate rises to 6 per cent
- EPCES seeks retention of ‘duty foregone principle’ in SEZ Bill
- Cess on agricultural exports abolished
- Kerosene exports by private refiners may be banned
- IMC theme for 2005-06 to focus on ‘creating a better business environment’
- Mark Fernandes heads IMC’s Shipping & Aviation Committee
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| MAY 9, 2005 |
- ChevronTexaco changes name to present unified presence
Effective immediately, Chevron Texaco has changed its name to present a clear, strong and unified presence in the global marketplace, maintains portfolio of products and lubricant brands.
- Marine lube oils could evade carbon tax
Lubricating oils used on international journeys may get tax exemptions or rebates from a carbon emissions tax to enter into force in 2007.
- Ecuador supplier commits to Marpol Annex VI
Supplier says Marpol sample will be taken in accordance with IMO guidelines, while commercial samples will still be taken at the barge manifold.
- Dubai exchange: CEO reveals more details
Chief executive officer of the Dubai Metals and Commodities Centre (DMCC) has revealed more details regarding the proposed Dubai Gold and Commodities Exchange, which will encompass a marine fuel contract.
- Asia: Fuel oil cargo arrivals up sharply in June
Expected arbitrage cargo arrivals into the East Asian market in June have reached around 2.05 million metric tonnes (mt).
- Offer on the table for TRT Shipping
South African company TRT Shipping Services (Pty) Ltd. (TRT), which includes the bunkering arm TRT Bunkers, is about to get new owners.
- Japan: Ease in avails may push prices down
Japan's bunker market is no longer facing tight supplies now, and traders are expecting bunker fuel prices to fall slightly.
- Rotterdam firm, prompt product and barges tight
- Charterer sues shipowners
A chartering company is suing shipowners for a chartered ship that was not seaworthy and for failing to reimburse the cost of bunkers.
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| MAY 9, 2005 |
- Royal Shipagency Dirkzwager launches new website
- Slovakia to sell ZSSK Cargo
- DHL wins new Wilsons Leather contract
- Germany: Lehnkering extends tank cleansing facility in Salzgitter
- USA 3000 boosts US domestic service level
- HPH: Ceres Paragon Amsterdam takeover negotiations end
- Association of Railfreight Forwarders elects new chairman
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| MAY 9, 2005 |
- Styrene bunkers danger warning
- HK ship fined US$75,000 for dumping plastic bag
- New salvage arbitration procedure
- Repsol integrates with Q88
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| MAY 9, 2005 |
- Nigel Rich to be CP Ships Chairman
- Genco files IPO registration
- Gulfmark Offshore reports record quarter
- USCG issues guidance on MARPOL Annex VI
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| MAY 9, 2005 |
- Corps taps Illinois firm to begin Columbia River dredging
- Transportation Services Index posts decline in February
- Coast Guard reminds boaters to make safety top priority
- Port of Seattle begins 2005 cruise season
- Washington governor sets up new oil spill oversight council
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| MAY 10, 2005 |
- Speculation hots up over merger of P&O Nedlloyd and Maersk
MAERSK Sealand and P&O Nedlloyd are in merger talks, according to speculation circulating at the highest level within liner shipping circles.
- New Maersk launch sparks talk of super size
THE first of a new series of super post-panamax containerships named by AP Møller-Maersk at the weekend has renewed speculation about the size of the latest delivery, writes Janet Porter.
- Georgiopoulos to float Genco with $350m Nasdaq IPO
PETER Georgiopoulos’ dry bulk enterprise, Genco Shipping & Trading, is poised to launch an initial public offering of up to $350m on the Nasdaq exchange in New York with two high-profile hires.
- Sterling admits to regrets over P&O
LORD Sterling considered de-listing P&O in an attempt to prevent the cruise division from being sold, writes Janet Porter.
- Dry bulk sector overly optimistic, warn analysts
THE first cracks may have started appearing in the façade of optimism that has defined dry bulk share offerings recently, as an expanding world fleet and hesitant freight rates begin to catch the market’s attention, writes Rajesh Joshi in New York .
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| MAY 9, 2005 |
- EU defends criminalisation directive
FOTIS Karamitsos, Director of the EC Maritime Transport Directorate, has countered criticism of Brussels’ plan to introduce criminal sanctions for ship masters and seafarers
- Sabine CEO appeals dumping charges
THE head of US-based Sabine Transportation is appealing against his conviction on charges of dumping fuel-contaminated grain into the South China Sea
- Genco resurfaces with IPO
PETER Georgiopoulos’ new dry-bulk venture, Genco, has filed for an initial offering seeking up to $350M through a listing on the NASDAQ exchange
- Canadians leave probe to Liberia
CANADIAN officials say they followed international protocol in leaving the investigation of a murder aboard a Liberian registered tanker to authorities in that country
- German owners boost training
GERMAN ship owners signed on 235 apprentice mechanics last year, a steep rise over 2003
- Greeks enforce N Cyprus ban
A Greek captain and his employer are facing severe repercussions after breaking a Greek ban on calling at Turkish-Cypriot ports
- SuperCat forced off ferry route
- MISC will ride out LNG glut
- Larger boxships back in favour
- Tanker sinks trawler in S Africa
- Vessels, berth damaged in Colombia
- Maersk backs down in India
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| MAY 9, 2005 |
- Exports spur Turkon move to Savannah
Turkish carrier launches new Med service after shifting call to Georgia's Port of Savannah (left) from neighboring rival Charleston.
- TACA bumps fuel charges
- Port of Charleston deploys heavy-lift crane
- UPS, pilots to resume talks
- Americas push Lufthansa gain
- WTO chance for Russia in ’06: EU
- Malaysia open to U.S. sea aid
- Deutsche Post profit gain
- CN unveils int'l. forwarding unit
- Greenbrier gets huge intermodal order
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| MAY 9, 2005 |
- HK container stack collapses killing trucker and injuring two others
Stacks of empty boxes in the container yards at Kwai Chung’s CT4 and CT9 fell in sudden strong winds this afternoon, causing one death and two injuries.
- UK retailers cite ‘weak’ consumer confidence after interest-rates unchanged
- Melbourne dredging trial could cost A$20million
- ASEAN emerges as China’s fourth trading partner
- India forwarders cancel boycott after Maersk agrees to pay brokerage
- Turkon US service to swap Charleston for Savannah
- Namsung to launch China/Japan string
- Islamabad and Washington devise box security plan
- Se-Tac ports enjoy double-digit Q1
- HMM to issue bonds to fund operations
- UK Government re-appoints Darling to top transport post
- TACA raises westbound transatlantic tariffs
- MOL establishes African subsidiaries
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| MAY 9, 2005 |
- It's a gas!
TK LNG Partners off to strong start after well received IPO.
- Knightsbridge takes knock
Profitability dives as VLCC charter rates plunge by a third in strong market "correction."
- Chong inches up Vita stake
Former Links Island Holdings chairman continues to buy stock in fledgling Singapore shipowner.
- Malaysian yard refocuses
Shiprepairer aims to be centre of choice for tanker, gas carrier and energy projects.
- Jo axes Europeans
Chemical carrier owner aims to save $5.5m by replacing Dutch and Norwegian officers with Filipinos.
- Mercator makes port bid
Indian tanker owner earmarks cash to develop facility in Gujarat.
- Genco goes for $350m
Peter Georgiopoulos unveils details of his planned dry bulk debut on Nasdaq.
- Green buys Greek
Norwegian owner snaps up modern reefer from Laskaridis group.
- Bergesen in MISC tie up
Co-operation deal set to give boost to use of FPSOs for gas projects.
- Forth Tankers on the up
Edinburgh-listed tanker owner builds profit in year to 31 March as charter rate increases.
- HMM hawks bonds
South Korean owner to raise KRW 120bn for use as operating cash.
- Korean yards win NITC windfall
Hyundai Heavy and Daewoo to share huge Iranian order for five VLCCs and five suezmaxes.
- Shipowner in jail appeal
Rick Stickle in bid to overturn 33 month sentence for tanker pollution conspiracy.
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| MAY 9, 2005 |
- FMC issues new list of government-controlled carriers
- Sloman Neptun enters U.S./Africa trade
- MOL opens Ghana, Nigeria subsidiaries
- Slowing trend for air cargo
- U.S., Maldives sign open skies agreement
- EC subsidies to ease road traffic in Central Europe
- U.S. government signals delay on China safeguards
- COAC shifts to micro approach on infrastructure issues
- U.S. meat shippers step up marketing in Taiwan
- UPS centralizes Canadian offices
- Corps selects Columbia River dredge contractor
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| MAY 9, 2005 |
- Crown Princess named the world largest container carrier
The Danish Crown Princess Mary conducted her second namegiving ever Saturday last week, only a few weeks after the naming ...
- Sundbuss newbuilding will come in a year
The Sundbuss newbuildings for the Helsingborg-Helsingør trade will now be built in Gdansk, according to Helsingborgs Dagblad. Shipowner Ragnar ...
- New cruise record in Stockholm
Stockholm Visitors Board expects a new record breaking cruise season. The Swedish Capital awaits 270 cruise vessels calls with 270,000 ...
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