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Shipping News
- A whole new cruising experience coming soon
A new partnership between online travel agency Zuji Singapore and Australian-based cruise wholesaler CruiseAgents aims to offer 500 global cruise packages to local consumers by year-end.
- Seattle draws cruise ships after Sept 11
WITH the saw-toothed Olympic Mountains as a backdrop, the Norwegian Star disgorged 2,000 passengers from its 15 decks onto Seattle's Pier 66.
- P&O deal to boost AP Moeller's sales
AP Moeller-Maersk A/S, the world's biggest shipping company, said its purchase of Royal P&O Nedlloyd NV, will increase sales by 45 billion Danish kroner .
Strait Talk
- Why are insurers picking on the Malacca Strait?
THE recent decision by London-based insurers to charge vessels higher premiums for transiting the Malacca Strait because of a perceived higher than average risk of a terrorist attack raises some interesting questions.
Port Shots
- Port Shots
STATE oil monopoly Petrovietnam is to buy a new Aframax vessel as it seeks to expand its tiny fleet to reduce freight costs for its crude oil exports, Vietnam state media reported on Monday.
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| AUGUST 10, 2005 |
- K Line Q1 net profit down 10 per cent
- A P Moller-Maersk declares RPONL's outstanding shares unconditional
- Vancouver starts clearing container backlog
- Analysts trim 2005 forecasts of OOIL
- SITC launches new domestic service
- Logistics business to continue to boom in Asia, says IHG chairman
- Grand alliance's new service in full swing
- Chinese carriers to buy 42 Boeings
- Hactl July tonnage rises
- China Eastern offers 7 int'l services from Chengdu
- J Martens gets security OK from Norwegian authority
- Continental to begin new service to Punta Cana
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| AUGUST 9, 2005 |
- Somers new KLM executive vice-president engineering and maintenance
- Saco Shipping now offers 150 destinations worldwide
- Aviapartner inks major contract
- CCS and Alcotrans to link GA's Amsterdam-loops to Germany
- Change of ownership for Giraud International
- China widens access to aviation sector
- Indian Railways to offer online receipt for booking of goods
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| AUGUST 9, 2005 |
- UK detains 11 ships
- IRI passes 1,000 vessel mark
- Fuel costs and overcapacity hits Sea Containers’ ferry business
- Vietnamese yards seek capital
- ICTSI’s earnings up
- Farstad nets contracts worth US$21m
- MacAndrews opens in Sri Lanka
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| AUGUST 9, 2005 |
- UK Club warning on U.S. visa requirements
- Simulator training for HSV-2 crew
- Fincantieri to build ice class cruise ferries for Tallink
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| AUGUST 10, 2005 |
- Hellespont seals tanker deal with HCI and Döhle
GREECE’S Hellespont group, German tramp owner Peter Döhle and KG financier HCI have set up a joint venture for the operation of tankers linked to a major expansion in the KG company’s tanker portfolio.
- Joint War Committee to hold peace talks with owners on Malacca Strait
SHIPOWNERS are set to meet a key group of Lloyd’s players later this month in a bid to reverse the unpopular Malacca Strait war-risk designation, which is expected to lead to higher premiums for ships using the waterway, writes David Osler.
- Møller-Maersk takes hit as bid goes unconditional
As AP Møller-Maersk declared its bid for P&O Nedlloyd unconditional, the Danish shipping and oil giant revealed that merging the acquisition with its own liner operations would result in a hefty one-off hit of DKr3bn ($496m).
- Seaspan gives false hope to IPO opportunists
DOUBLE Hull Tankers, the putative spin-off that would absorb some of Overseas Shipholding Group’s tankers, is said to be preparing for a roadshow in the wake of the pricing success of Seaspan Corp’s New York Stock Exchange flotation.
- Hostage talks break down
The fate of 10 hostages held by Somali pirates for six weeks on a ship chartered by the UN World Food Programme remains unclear, Reuters reports.
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| AUGUST 9, 2005 |
- Seaspan ends IPO losing streak
SEASPAN Corp begins trading on the New York Stock Exchange today after successfully completing its massive offering last night – without dropping its price
- Marina changes domestic insurance
THE Maritime Industry Authority in the Philippines is amending its passenger insurance by including payments for indemnities caused by terrorists, murder and assault
- US refinery outages questioned
AN unusual string of US refinery outages is limiting capacity and may be more than just bad luck, according to one analyst
- Gdynia watches Ray of hope fade
POLAND’S government is running out of time to find a foreign buyer for the country’s cash-strapped shipyards, with elections at the end of September and October
- Whistleblower sues over dismissal
A FORMER barge worker is suing his ex-employer – Alter Barge Line – claiming he was fired for reporting illegal drug use on the company’s vessels
- Product tankers boost Torm
DS TORM, the Danish bulk shipping group, enjoyed a 62% rise in pre-tax profit to $81M in 2Q05, on strong performance of its core product tanker business
- Recycler claims 'utter rubbish'
- Novoship posts record first half
- Stranded crewmen head for court
- Israel warns on Turkey terror
- V.Ships begins broking in India
- PONL's integration will cost $460M
- Panamax performance drives NYK
- Operators delaying boxship charters
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| AUGUST 9, 2005 |
- Volumes up, but still no port congestion
Container traffic continues to flow smoothly through most major U.S. ports despite increased import volumes, new survey finds.
- Maersk-P&O buy done
- CFO: No more deals -- for now
- Analysis: Wins for cargo in highway
- Highway bill key to roadability: Lines
- Canada aims to avert port strikes
- TACA hikes fuel charge
- Meeting for UPS, pilots
- Intermodal growth rate slows
- Swift acquires BNSF boxes
- May gain for transport index
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| AUGUST 9, 2005 |
- Final report backs end to Part X
Although the Productivity Commission (PC)’s final Australia’s Trade Practices Act (TPA) Part X report has not been released, the draft finding of abolishing shipping conferences blanket immunity appears to have been upheld.
- CSCL aggressive on new services despite over-supply fears
China Shipping Container Lines (CSCL) says it will continue opening new services in H2 following H1’s good performance, but an industry observer has warned carriers to balance demand and supply.
- European state railways stage fight back against private operators
- Seaspan makes target range for IPO day
- NZ High Court upholds SPS penalty
- India shippers slam reliance on JNP and Mumbai, as flood backlogs remain
- RPONL unconditional offer opens tomorrow, as APMM sketch out future accounts
- Oman approves multi-million dollar expansion plan for Salalah Port
- ERS extends fleet and frequency
- Pohang Port starts berth construction
- ICTSI reports volume growth, despite slowdown over H1
- Namsung orders two containerships
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| AUGUST 9, 2005 |
- Star day for shareholders
Investors in AP Moller - Maersk are seeing big increases in the value of already expensive stock.
- Seaspan holds its own
New IPO company trades up 30 cents on $21 pricing, breaks string of first-day shipping losers on massive share volume.
- Maersk still in the money
P&O Nedlloyd acquisition costs will take only a small bite out of Danish shipping giant’s profit.
- Solstad cuts Indian deal
Norwegian owner to pocket NOK 30m profit from sale of supply ship.
- Montanari in the money
Italian owner builds earnings and revenues in first half as suezmax and products tankers join fleet.
- Trident strikes a blow
Spurned bidder for Lithuanian Shipping freezes some of owner’s revenue in continuing legal battle.
- Torm banks bigger bucks
Danish owner’s products tankers and ship sales drive first-half earnings.
- Maersk faces $500m hit
Danish shipowner reveals huge cost of job losses and integrating P&O Nedlloyd as takeover offer is declared unconditional.
- Fincantieri wins Tallink double
Italian yard to build two 2,000-passenger cruise ferries for ambitious Estonian owner.
- Kleven adds another Rem ship
Norwegian shipbuilder will build second MT 6016 supply vessel for domestic owner.
- Greek ship clashes with trawler
Eletson tanker suffers slight damage, but Dutch fishing vessel sinks off UK.
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| AUGUST 9, 2005 |
- Maersk declares P&O Nedlloyd takeover bid unconditional
- Australian regulator clears Maersk's takeover of P&O Nedlloyd
- OSG reports 150% increase in 2nd quarter net income
- Rickmers orders four ships from Iranian shipyard
- Coast Guard defers enforcement of non-tank vessel response plan rule
- BIMCO names Pluta as U.S. liaison
- British Airways doubles first quarter net profits
- DHL invests $4 million to expand Ohio logistics facility
- CBP extends time for periodic monthly payments
- Filipino port group ICTSI’s 2nd quarter net income jumps 42%
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| AUGUST 9, 2005 |
- Maersk buys UK oilfields
A. P. Møller-Mærsk have again spent a large sum of money on purchasing new activities. This time it is ...
- Farstad in NOK 135 mill worth of supply contracts
Farstad Supply is in line for a charter contract with Shell for the 14,400 BHP anchor-handling supply vessel (AHST ...
- Huge increase in round timber handling in Halmstad
The handling of round timber in the port of Halmstad on the Swedish west coast was 20 times higher during ...
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| AUGUST 9, 2005 |
- Buenos Aires bunker prices tumble
Price competition between suppliers sees falling prices defy regional trend.
- North European ferry operations suffer bunker blow
Global operator hints at cuts in North European services as over-capacity prevents it from recouping escalating bunker costs.
- NYK Line sustains rising bunker costs
Japan's biggest shipping line records solid profit growth as improved market conditions counterbalance rising bunker costs.
- Fixed price lube deals may be a thing of the past
Andrew Knox, Head of Marketing at Total Lubmarine discusses the evolution of the marine lubricants market for Bunkerworld Magazine.
- Rotterdam stable at Midday
- Titan seeks further growth in transport, bunkering
Fast-growing oil transport and trading group wants to expand and upgrade bunkering fleet.
- Russia: First half product exports worth almost $14 billion
Domestic refiners ramp up crude processing to capitalise on lower oil product export duties.
- Bunker deliveries return to normal in strike-blighted Genoa
Barge crews return to normal working hours today ahead of acceptance of new contracts by union bosses on Thursday.
- Fuel costs erode Hanjin profits
47% year-on-year rise in bunker prices chip away at Q2 income.
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