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| NOVEMBER 10, 2005 |
Shipping News
- Hutchison to build more terminals in Shenzhen
HUTCHISON Whampoa Ltd, the world's biggest port operator, will build more container terminals in Shenzhen.
- Indon navy to get new ships, steps up security
THE Indonesian navy will spend part of the US$1.9 billion it expects to be allocated in the state budget in the next five years on naval vessels, said navy chief Slamet Soebianto.
- Shanghai port's October container volume up 21%
SHANGHAI International Port Co, which operates China's busiest port, handled 21 per cent more containers in October than a year earlier, after rising exports from the country increased shipments.
- Carnival names Marlow as president and MD of luxury Cunard Line
- Zheng He memorial shipyard opens
Logistics
- TNT launches one-hour pick-up service
GLOBAL logistics group TNT has launched a guaranteed pick-up within an hour service across 11 key Asia-Pacific cities.
- PWC Logistics posts 35% increase in Q3 net profit
KUWAITI logistics firm Public Warehousing Co, which has won multi-billion dollar contracts this year to supply US troops in Iraq, posted a 35 per cent increase in third-quarter net profit to 39.6 million dinars .
- TNT, Japan Post in strategic tie-up
TNT, the world's leading mail, express & logistics provider, is forging a strategic partnership with Japan Post which will build on the strengths of TNT's global network and Japan Post's strong domestic position.
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| NOVEMBER 10, 2005 |
- China, US ink textile deal
- CKYH alliance lines to add new loops in 2006
- Panalpina reports improved profitability over first nine months
- 8,500-TEU CMA CGM vessel set to enter Asia-Europe trade
- Cosco Shipping transports cranes for thriving ZPMC
- New chairman for Yang Ming
- J Martens opens new office in Singapore
- HACTL handles record monthly cargo volume in October
- Singapore Airlines signs maintenance pact with Boeing
- U-Freight bolsters Japan team with new appointments
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| NOVEMBER 10, 2005 |
- US, China stitch up tentative textile deal
- Bidding war may erupt for control of P&O’s ports & terminals business
- Kandla Port sets new daily record for handling scrap in bulk
- KoPT slashes port-related charges for inland water transport traffic
- Capital goods import surge points to vibrant industrial growth
- India, Israel to sign preferential trade agreement this week
- Saarc summit may see 3 trade pacts signed
- 15-day intimation needed for considering SEZ proposals
- Soyameal exporters see Chinese ploy to lower prices by cancelling deals
- DGFT projects 20 pc rise in export earnings in 2005-06
- Slew of new initiatives for handloom weavers announced
- Rubber Board chief optimistic on target
- N-E region should tap potential for handicraft exports, suggests Exim bank study
- Focus LatAm, Africa pays rich dividends
- Wheat imports unlikely for now
- ACB officer to explain nuances of filing complaints
- Now, a ‘Conquest’ for shipping, logistics fraternity
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| NOVEMBER 10, 2005 |
- New Weber Distribution regional manager
- JadeWeserPort may cost EUR 130 million more
- BAWC reports increased yield for H1/2005
- Ukraine and Egypt phase in ISPM15
- Logista reports high net Q3/2005 profit
- Indiana to double road tolls
- Iata kick-starts e-freight
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| NOVEMBER 9, 2005 |
- Round Table calls for more action on piracy
- Green award for Port of London
- CKYH consortium beefs up co-operation
- More tonnage boosts Golden Ocean’s figures
- ELAA "welcomes" anti-conference study
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| NOVEMBER 9, 2005 |
- NTSB: Ferries need aggressive safety management
- U.S. Shipping Partners rethinks ATB plans
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| NOVEMBER 10, 2005 |
- Lamoureux gets chop as Brussels rethinks policies
FRANCOIS Lamoureux, director general in the European Commission’s Transport Ministry, has been ousted from his job and is expected to leave the commission at the end of the year.
- Thai vessel hijacked and crew held in fourth attack off Somalia
A THAI cargoship was hijacked off Somalia on Monday and its crew taken hostage for ransom, it was learnt yesterday, writes Marcus Hand in Singapore.
- Omega is third player to seek place in sun with Bermuda operation
LLOYD’S vehicle Omega Underwriting is well on the way to opening a Bermuda operation — the third such project to be unveiled from Lime Street in the last couple of weeks.
- Lloyd’s wins go-ahead to set up reinsurance operation in China
LLOYD’S has been given the green light to establish an on-shore reinsurance operation in China, and opened its own doors more widely to Chinese interests, writes James Brewer.
- Lloyd’s List online gets ABCE approval
WOULD YOU drive a car without an MOT? Fix a ship without an ISM certificate? Enter the US without ISPS compliance?
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| NOVEMBER 9, 2005 |
- Dragados moves into Portugal
SPANISH terminal operator Dragados and Portuguese port operator Mota Engil have set up a joint venture company to operate a multi-purpose terminal at Setubal
- Norfolkline launches fleet review
FOLLOWING its takeover of NorseMerchant Ferries, AP Møller subsidiary Norfolkline has launched a fleet review
- Venezuela delays oil ventures
- USSP slips in third quarter
- GL snaps up software developer
- Pemex relief over tax break
- Migrant Watch: US/Caribbean
- Anonymous critics challenged
- St Petersburg: tug crews to strike
- Golden Ocean issues 4Q warning
- Longshore accused acquitted
- Hutchison in major Yantian deal
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| NOVEMBER 9, 2005 |
- CBP steps up commercial enforcement
Customs plans to renew efforts aimed at trade compliance after emphasis on anti-terror security measures (left) since 9/11 attacks.
- Bill seeks enhanced cargo security
- Trailer Bridge profits jump
- Portman: WTO talks unsuccessful
- UPS, pilots plan new talks
- DHL expands Hong Kong superhub
- Behrendt to chair CP Ships
- Lufthansa volume falls
- Yellow consolidates USF offices
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| NOVEMBER 9, 2005 |
- US shippers 'apoplectic' about outsourcing security data
US shippers are reeling from the suggestion that the private sector could become involved in collecting information for cargo security.
- Yantian rises to Nansha challenge
Yantian Port is trying to minimise the loss of its cargo to Nansha Port by investing further in an expansion project with its partner, Hutchison Port Holdings.
- Owners holiday season is over as autumn clouds gather
- Feeder lines reach for bigger slice of the pie
- Rotterdam carriers to pay their dues
- Tema terminal opens for business
- Industrial action hits Brazilian ports
- CP Ships profit boost as HLCL executives appointed to the board
- Trade volumes between China and Taiwan see growth
- OOCL’s Wang remains confident
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| NOVEMBER 9, 2005 |
- Seaspan earns $5.1m
Vancouver-based boxship company nets 14 cents per share in first quarter after completing biggest shipping IPO in US history.
- Regulators clear NMG sale
Chief exec goes as onetime Cenargo operation begins new life under Maersk's Norfolkline.
- Lilly buds in New Orleans
US-owned tramp agent Norton Lilly has expanded further into bulk and general cargo services with a fresh acquisition.
- Aker inks Volstad option
Norwegian yard group to build supply ship for Alesund owner.
- Mixed for Montanari
Italian tanker owner increases operating profit and revenues, but bottom line weaker in first nine months.
- K Line Europe gets into LNG
London office takes on the management of Al Thakhira, the first of 10 LNG carriers that will be managed outside Japan.
- FFA earnings drop for Golden
Share price slips in Oslo after derivatives profits fall and market underperforms in current quarter.
- Record result for Scandlines
German-Danish ferry owner finally releases 2004 financial information, and expects more profit for 2005.
- Danish owners warned
Union threatens to sue companies over equal pay for Poles despite losing labour court case.
- STX Pan Ocean up 57% to date
Korean company cuts tax bill and derivatives losses to bolster year so far.
- Jadroplov edges up
Small increase in profit for soon to be privatised Croatian boxship and bulker owner.
- Bigger and better for Bourbon
French bulker and supply ship owner’s expanded fleet brings in more cash in first three quarters.
- Precious turns seller
Thai bulker player is looking to offload older and smaller tonnage in advance of further buying spree.
- Spliethoff to make paper profit
Dutch ro-ro owner signs up to transport paper products for Finnish producer.
- Profits up at Todd
An increase in work volumes lifts second quarter performance at US west coast repair yard.
- Sten Odin loses power
UK Maritime & Coastguard Agency tug Anglian Earl goes to aid of tanker just south of Shetland Islands.
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| NOVEMBER 9, 2005 |
- EC commissioned report supports end to liner shipping block exemption
- CMA CGM to introduce 8,500-TEU ships on Asia/Europe service
- PM&O Line suspends operations amid financial troubles
- Crowley names Jones VP of information technology
- Northwest reaches labor cost saving agreements with two unions
- Lufthansa's cargo down 4.3% in October
- Martinair Cargo to drop fuel surcharge
- Northwest makes Anderson head of Philippines, Australasia
- Canadian Pacific Railway to sell southern Indiana rail line
- Peace Bridge upgrade to reduce congestion
- Panel warns stricter commercial compliance looms
- FMC reviews 7 OTI license applications for review
- United States, China reach broad agreement on textiles
- USDA drops trade help to certain state shrimpers
- U-Freight makes Japan sales team appointments
- Hutchison, Yantian Port Group to expand port of Yantian
- Congress approves Columbia River channel deepening funds
- Port of Tacoma's September box traffic up 21.9%
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| NOVEMBER 9, 2005 |
- Color Line threatens legal action against Strømstad
Color Line threatens legal action against Strømstad to stop Kystlink establishing a route from Langesund in Telemark. According to local ...
- Shipowners in developing countries flags home
The developing countries’ share of the world merchant fleet increased from 21.2 per cent in 2003 to 22.6 per cent ...
- Norwegian tanker in tow after power loss
Norwegian product tanker "Sten Odin" suffered an engine breakdown late Tuesday south west of the Shetland Island and has been ...
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| NOVEMBER 9, 2005 |
- Suriname offers competive prices and expanded supply
State-owned bunker supplier has some of the best prices in the region and is planning future expansion.
- Risk-taking shipowners reluctant to hedge bunker exposure
Ship manager says the risk-taking nature of shipowners means they are reluctant to hedge their exposure to bunker prices despite the benefits.
- Legislators asked to impose per-container emission fee
State legislators will be lobbied next year to adopt a shipping-container fee or some other mechanism that is sufficient to fund cleanup at the ports.
- Suppliers mulling legal action against cargo trader
Suppliers censured by Singapore's MPA for supplying off-spec fuels are considering taking legal action against international oil trading firm.
- DESC announces two new contracts
New contracts including navy fuel supplies awarded by US Department of Defense organisation.
- Rotterdam steady Wednesday morning
- Refinery maintenance set to reduce ExxonMobil's Singapore supply
Maintenance work on ExxonMobil's visbreaker is expected to reduce the Singapore refinery's sales of bunker fuel this month.
- Saudi Arabia to maintain full Asian crude volume
Saudi Arabia will maintain its crude oil supply to Asian importers at full contracted volumes for December.
- New contact numbers for Petrobras Singapore
- Singapore: Prompt dates deferred on low supplies
Prompt deliveries pushed back until mid-November as Singapore market remains short of bunker fuel supplies.
- Curacao looks to offer 'bunker only' rates
Bunker supplier Curoil seeking to cut calling costs for ships to boost bunkering.
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