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| OCTOBER 10, 2005 |
Shipping News
- ITF, shipowners agree on wage pact at last
SEAFARERS' unions and shipowners participating in the International Bargaining Forum have successfully concluded 'difficult' negotiations on a new international collective bargaining agreement covering more than 55,000 seafarers around the world.
- Hopes rise for end to French oil terminal blockade
DOCKERS in the French port of Marseille returned to work on Saturday and hopes rose that a separate strike disrupting oil terminals at the Fos-Lavera hub could soon end, officials said.
- Australian port raises coal exports
AUSTRALIA's Port Waratah Coal Services Ltd, which runs the world's largest coal-export port, increased exports by 3 per cent in September from the previous month as miners met supply contracts.
Admiralty Casebook
- High Court orders insurer to pay up for loss from piracy
THE hull and machinery underwriter of Singapore-registered tug, BW Wisdom, which was lost to pirates in a brazen attack almost three years ago in Indonesian waters, has been told to pay up under the policy.
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| OCTOBER 10, 2005 |
- Modern Terminals buys back shares
- Suzhou-Nangtong bridge construction begins
- MOL tests vessel transmit system
- Qingdao set for expansion
- Jiangsu toy exports fall
- Senator unveils new Asia-Med service
- Extended port hours at California ports not pleasing everyone
- Polar Air crew accepts new labour contract
- Hactl September tonnage up 8.2pc
- TNT orders 2 Boeing 737s
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| OCTOBER 10, 2005 |
- Phenomenal response, rare MoU, Letter of Intent signed
- Block approval likely to hasten SCI’s fleet expansion plan
- Sethusamudram project set to achieve financial closure this month-TPT Chairman
- Govt clears 17 SEZ proposals
- 4 shipping, port sector projects cleared in H1
- Capt. Jimmy Sarbh steps down as P&O Ports India Chairman
- Railway operations to be restructured
- CHA/freight forwarder the architect of transportation
- Commerce Ministry favours SEZ-EOU parity for extending OBU credit
- PM’s EAC may decide to scrap sunset clause for tax exemptions to EOUs
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| OCTOBER 7, 2005 |
- Panopa expands sales activities in Eastern Europe
- Evergreen enhances its presence in the Indian market
- Turkish JV signs BOT agreement for Tbilisi Airport
- EWS seeks capacity for rail freight growth
- Geodis expands its express business in France
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| OCTOBER 8, 2005 |
- Schwartzenegger signs California ship pollution bill into law
- Chouest plans new Houma yard
- Gulf Coast marine salvage continues round the clock
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| OCTOBER 7, 2005 |
- Transportation Services Index drops for second straight month
- US works deal with Russia for expanded airspace rights
- 'Nuts and Bolts' paper wins Young Freight Forwarder contest
- Panama Canal Authority shoots down expansion rumor
- US rail freight traffic makes gains in spite of storms
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| OCTOBER 10, 2005 |
- Corsican activists threaten SNCM suitors as buyout decision looms
A CORSICAN independence movement has warned the heads of the two companies proposing to take a majority stake in state-owned French Mediterranean ferry operator SNCM that they will be in physical danger if they try to visit the island.
- Tui extends CP Ships offer period as EC approval sought
GERMANY’S Tui confirmed at the weekend that it had extended the offer period for buying CP Ships while European Commission approval is obtained.
- ‘Time to batten down hatches’ as gloom descends on boxship rates
CONTAINERSHIP freight rates look set to follow the charter market downwards as an air of apprehension descends over the box trades, writes Janet Porter.
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| OCTOBER 7, 2005 |
- Financial analysts under attack
SHIPPING suffers from poor quality analysis by investment bank researchers covering the industry, delegates to the Marine Money conference in Athens were told yesterday
- LNG sector won’t overheat, says expert
FEARS that the huge number of LNG carrier newbuildings on order could make the sector overheat are described as 'rubbish' by one consultant
- India eyes overseas coal mines
INDIA'S Energy Co-ordination Committee led by prime minister Manmohan Singh is promoting acquisition of foreign coal mines to meet country's growing demand
- Rough first half for Navios
NEWLY acquired bulk operator Navios Maritime has reported a 46% drop in first-half profits as the result of fewer short-term charters, FFA losses and transaction costs
- Gas carriers drive IM Skaugen ahead
IM Skaugen, the Norwegian LPG carrier and lighterage tanker operator, expects its Norwegian Gas Carriers division to continue the strong 3Q performance
- Gibraltar strait migrant lookout
SHIPS crossing the Straits of Gibraltar and between Africa and the Canary Islands have been put on alert to look out for seaborne migrants after an interception at sea today
- French anger mounts over Marseilles
- Americans cautioned on Port-of-Spain
- Agents warned of security gaffe claims
- Belgian ports hit by strike action
- India faces severe LPG shortage
- Lawyers blame God in Barberi case
- Vafias scores, then stumbles
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| OCTOBER 7, 2005 |
- Ports, intermodal operators should plot capacity strategy, says Mineta
Transportation Secretary urges industry gathering to tackle congestion and capacity issues.
- Beaumont ship channel reopens
- C-TPAT importers get 'green lane' clearance
- TUI extends CP Ships offer
- Maersk: Trucker situation not that dire
- Strike keeps Marseilles port shut
- Nehru truck strike suspended
- Sept. gain for rail carloads
- $100M for China Shipping expansion
- Lakes ore traffic down
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| OCTOBER 7, 2005 |
- Strike action silences Antwerp
Belgian strike action has affected Antwerp, with handling at a standstill and terminals closed, although traffic has been moving on the Scheldt River, confirmed Antwerp port sources today.
- Private railcos welcome Mitsui loco, but express concerns about loan
- Fowairet towed to Rotterdam for repairs
- KazTransService: box-transport to boost Kazakh network use
- New study postpones Tasmanian rail closure
- Sino-US textile talks to resume
- Danish-German partners plan Asia-Brazil cargo-flow on SAFE commercial basis
- New PoMC chairman, as dredging trial concludes early
- Record high electronic product exports for Korea
- Asian shippers adopt joint action plan
- Tampa Port Authority to woo Panama Canal users
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| OCTOBER 7, 2005 |
- Sohmens say yes to price
A pricing of Bergesen Worldwide Gas (BWG) is likely to be announced Monday.
- Venable catches Cowen
OSG veteran Bob Cowen is set to join a growing DC maritime lobbying team at Venable.
- Restis outlook dims
Golden Energy offering likely to be pulled after efforts to revive issue failed on Thursday, finance experts say.
- First Olsen sells tanker trio
Norwegian owner offloads three million-barrel ships, two of which were first reported sold in May.
- OSG takes Parakou tankers
US operator makes CC Liu a happy man with 10-year charters for four product newbuilds.
- Skaugen back in business
Stronger third quarter lifts Norwegian tanker and gas carrier owner to much better year-to-date profit.
- Trico gunning for Nasdaq
Offshore operator files for new equity offering as it wins approval to regain full listing.
- Iran limbers up for LNG play
Irisl chairman Ali Ashraf Afkhami says NITC, Irano Hind and Indian players preparing to go on an LNG shopping spree.
- Nasico takes it up a notch
Vietnam yard builds revenues in first nine months as it prepares to expand capacity.
- Shell draws up LNG time-charter
But will other majors by it as company refuses to drop the ‘Shell.’
- Aker books another
Norwegian yard group adds Farstad anchor-hander to its list of offshore contracts.
- Austal ties-up Turkey deal
Aussie fast ferry specialist confirmed as preferred builder for Istanbul Deniz Otobusleri order.
- Kenyan bidding closes
Seven yard groups vie for delayed tender for two coastal ferries in Mombasa.
- Wartsila seals $60m deal
Finnish engine builder to supply 32 diesel gensets for six AP Moller offshore newbuildings.
- LNG lay-up looms?
But colourful consultant Keith Bainbridge says the supply-demand numbers for shipping do add up & in time.
- Odfjell claims damages from Genoa
Madinah punctured by steel bar hidden in fender as tries to berth in Italy.
- Navios not up to scratch
US bulker player hit by reduced number of chartered ships and freight forwards losses in first half.
- Oglebay bulkers on the block
Great Lakes shipowner hires investment banker to explore the possible sale of all or part of its fleet.
- ACL heads for Nasdaq
Shares in the second largest barge operator in the US are due to begin trading on Friday.
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| OCTOBER 7, 2005 |
- Maruba enters U.S./East Coast South America trade
- Yang Ming to start Egypt/Israel feeder loop
- FedEx requests mediator's help with pilots negotiations
- Airbus launches A350 aircraft
- UAL Corp. arranges $3 billion financing to exit bankruptcy
- BA World Cargo to raise fuel surcharge
- U.S. international air cargo rises 2.6% in August
- Continental to add Buenos Aires to network
- 4 Way Logistics adds business development manager
- More New Orleans services returning to normal
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| OCTOBER 7, 2005 |
- Chemical explosion in the port of Szczecin
Four crew members were injured when two heavy explosions occurred on the "Thalassa" when the vessel arrived in Szczecin from ...
- Trial call by "Pride of Telemark" in Strömstad
Norwegian Kystlink’s ferry "Pride of Telemark" has made a trial call in Strömstad on the Swedish west coast. A daily ...
- Østervold buys two vessels
The Østervold family – through the operating company Shipman – has bought two offshore vessels in the UK and the US for ...
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| OCTOBER 7, 2005 |
- Low-sulphur bunkers: getting from 'ought' to 'is'
Options for shipowners to get to a low-sulphur fuel future include blending, scrubbing, and emissions trading.
- BP spins off derivatives and refining group
BP today announced that it is to sell Innovene, its olefins, derivatives and refining group for £9 billion.
- Double-hull rates on the rise as November fixtures trickle in
Rates for double-hull VLCCs climb as first November interest becomes apparent.
- South African traders wary of shortages during refinery downtime
Oil majors in South Africa have pledged adequate bunker fuel stockpiles, but one has stopped quoting and traders are wary.
- Salvors seek financial awards as income declines
Salvors argue they deserve financial recognition for averting environmental disasters and saving billions in salved ships, cargoes and bunkers.
- Rotterdam market stable Friday morning, prompt still problematic
- Bunker fuel unloaded from damaged boxship
Bunker fuel from the damaged boxship Fowairet has been fully unloaded.
- Lesser need for emergency supplies as US demand weakens
The IEA said yesterday weaker demand for oil in the US has appeased the need to release more emergency oil supplies.
- Hurricanes cause massive oil pollution along US coastal waters
More than 1,000 reports of oil spills along US coastal waters are likely to result in long-term pollution damage, a US agency said.
- The end of residual fuel bunkers?
With sulphur restrictions to get tighter, the only solution may be distillate fuel: expert tells forum.
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