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| FEBRUARY 11, 2005 |
Shipping News
- Mitsui OSK, Kawasaki Kisen double Q3 profit
MITSUI OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second and third-largest shipping lines, said profit doubled in the third quarter as demand for exports from China pushed up freight rates.
- Pirates attack tanker in S'pore Strait
TEN masked pirates armed with guns and long knives boarded a chemical tanker underway in the Singapore Strait last Wednesday.
- Carnival Cruise Lines sees record numbers this year
CARNIVAL Cruise Lines, the largest brand under Carnival Corp, on Monday said it will carry a record number of passengers on an unprecedented number of cruises in 2005, fuelled by growing demand for cruise travel.
Admiralty Casebook
- Philippines deemed more suitable for trial
A FILIPINO marine engineer, who joined a Hong Kong-flagged vessel in Singapore and later transited Singapore on his way home for treatment after a shipboard accident, has lost an appeal to have his injury compensation trial in Singapore.
Port Shots
- Port Shots
A helicopter hired by the Shanghai port authority crashed into a Singaporean cargo ship in the Yangtze River yesterday, killing at least one passenger, the government said.
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- MoS, MbPT holding workshop on cruise shipping tomorrow
- Gujarat Adani Port Ltd. fancies shipbuilding, repairs project
- 24-hour loading, unloading of rail wagons encouraged
- Road from FTAs strewn with duty cuts, cheaper cars
- Govt unlikely to reduce corporate tax rate
- PM sets 6-month agenda for 46 Ministries
- Petroleum Ministry gets free hand to hold pipeline talks with foreign govts
- Exim Bank, Bahrain board sign MoU
- Kamal Nath to chair MPs panel meet on SEZ law today
- MoF considering bittersweet dose of 8 pc duty cut on 354 essential drugs
- Cabinet clears phase-II of Tax Information Network
- WTO farm panel hints at tariff cuts on sensitive goods
- Minister seeks sops for textile sector
- Cabinet clears pact with Croatia on visa exemption
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| FEBRUARY 10, 2005 |
- Panama: Demand almost doubles in undervalued market
Aggressive selling leaves Panama under-valued as demand almost doubles
- IEA: Oil stocks will keep falling
Report from International Energy Agency counters OPEC producers' fears of a potential surplus in crude supplies.
- Argentina: Another energy crisis to impact bunkers?
With the South American winter approaching, analysts have predicted another energy crisis looming in Argentina - with costly side effects for the country's bunker market.
- Thailand: Oil land bridge deal nearing agreement
Thailand's state oil company PTT, has said it expects to sign initial agreements for its planned oil land bridge project in April with strategic partners from South Korea and China.
- France: Pollution cases brings criticism
Shipowners embroiled in marine pollution cases in France have criticised the prosecution methods currently employed in such cases in the country.
- MOL doubles profits, issues warning over bunker prices
New ships and stability in containership and bulker sectors bring buoyant results.
- Rotterdam firm ahead of Midday
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| FEBRUARY 10, 2005 |
- World Cargo Alliance expands Rate Explorer Quote Management Service
- Senegal: Dakar Port Extension
- JB Hunt reports record revenues and earnings
- New Höchst-Busto Arsizio shuttle train
- Coyne Airways reduces airfreight rates
- Grindrod buys regional ports in southern Africa
- Ron van't Schip takes up TLN reins
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| FEBRUARY 10, 2005 |
- Norway urged to ratify HNS Convention 1996
- Fujitrans fined US$1.34m plus costs, whistleblower gets US$360,00 cash
- Finnlines profit dips but company predicts better 2005
- Hamburg Sud and Alianca rejig services
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| FEBRUARY 10, 2005 |
- Customs changes rules for ACE participation
- Portland Port Commissioners Ok airport improvements
- UPS announces expansion of Chinese logistics centers
- Transportation index posts gains for November
- Port of Los Angeles taps BNSF for box facility
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| FEBRUARY 11, 2005 |
- Meyer Werft’s first boxship provokes cash row
WITH the 1,600 teu Eilbek(above), cruiseship specialist Meyer Werft has delivered its first boxship newbuilding, writes Katrin Berkenkopf in Cologne.
- CP Ships sees brighter year as results recover
AFTER its annus horribilisof 2004 because of an accounting blunder, CP Ships is anticipating a much better 2005 as the container trades continue to strengthen.
- Accounts reveal Halliwell’s bumper payout
FRANK Halliwell, who resigned as chief executive of CP Ships late last year, received a bumper pay-off, writes Janet Porter.
- MPs demand jobs link with British tonnage tax regime
A REPORT from a cross-party committee of Members of Parliament published yesterday has backed union calls for tonnage tax to be linked to the employment of British junior officers.
- ‘Blank cheque’ firm ISE set to win Navios
Angeliki Frangou’s newly listed International Shipping Enterprises looks set to win the auction of Navios, the sophisticated dry bulk shipping group.
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| FEBRUARY 10, 2005 |
- Brokers defect to join Trafalgar
FAIRPLAY understands that five sale and purchase brokers are leaving London-based Simpson Spence & Young to set up a new broker under the timely name of Trafalgar
- Third LNG facility for Baja
A MEXICAN-European consortium has asked permission to construct a floating LNG terminal off Rosarito Beach near Tijuana, the third proposed Baja California LNG facility
- Le Havre complex delayed
STEVEDORES involved in Le Havre's Port 2000 development have threatened to freeze their $386M investment until the gantry crane drivers contract issue is resolved
- India develops new maritime policy
THE new maritime policy of India includes measures to facilitate private investment, improve service quality and promote competitiveness
- ABP-Union talks breakdown
NEGOTIATIONS between Associated British Ports and the Transport and Workers General Union have broken down, according to the union
- Braemar Seascope buys Seawise
THE acquisition of Australian shipbroker Seawise by UK-based Braemar Seascope will be completed by the end of the month
- FMC rejects shipper petitions
- MSA loses patience with Aratere
- Ghost number nine away
- MOL doubles operating income
- Los Angeles selects BNSF
- Le Joola replacement 'on its way'
- Bullish Finnlines looks ahead
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| FEBRUARY 10, 2005 |
- MOL's profits double
Nine-month income more than doubled, and carrier says 2004 net will soar 87 percent.
- $284B for transit spending bill
- Shippers re-file appeals of NVO rule
- U.S. trade deficit sets another record
- CP Ships gains despite charge
- Carriers criticize U.S. Seaway toll plan
- K Line revenue climbs in Q3
- Hamburg Süd, Alianca expand Inter-American service
- India to join CSI
- Isdale to chair Seamen's Church Institute
- Americas lift Lufthansa Cargo
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| FEBRUARY 10, 2005 |
- CP Ships keeps its powder dry in readiness for cyclical downturn
CP Ships chairman Ray Miles has said the company will ‘reserve some firepower’ in order to make acquisitions over the next couple of years as industry enters its cyclical downturn.
- BNSF to operate LA intermodal yard
- Expect no surprises from CP Ships Q4 results
- NYK operating income up 76.2%
- New Franco-German accord on the railways
- MOL trades up to better fiscal-year forecasts
- Shippers NVOCC appeal rejected by FMC
- Cost controls gave K Line results a lift, says company
- Freightliner introduces further Felixstowe-North of England rail service
- Opportunity knocks for Portek in Tunisia and Peru
- Klaipeda containers grow 9% in January
- Rhine port volumes take a hike
- Mumbai terminals lift scrap metal ban
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| FEBRUARY 10, 2005 |
- CMB Daisy up for sale
But Belgian shipowner denies capesize Mineral Shanghai also on the sales block.
- Angeliki Frangou in the lead
International Shipping Enterprises in exclusive talks to acquire Navios Maritime.
- Plain sailing for Bluewater
Bjorn Hildan rakes in increased premium and profit at growing Norwegian hull insurance company.
- CP Ships shows stronger 4Q
Miles notes record operating income tied to freight rates, firm volume.
- Glass half full
OSG's Arntzen shrugs off negative view from Moody's, confirms OSG looking at sale-leasebacks in most tonnage sectors.
- Excel takes Nomikos bulker
US-listed owner says $28,250-per-day charter will cover half of purchase price.
- Braemar buys Seawise
Shipbroker splashes out $8.6m to add Australian dry cargo specialist to its portfolio.
- Turkish route resurrected
Ro-paxes to run again between Istanbul and Izmir after five-year lay-off.
- Naikai shooting for target
Revenues up at Japanese yard in first nine months, but profit has some way to go before reaching full-year forecast.
- Finnlines survives tougher year
Finnish ro-ro operator endured lower revenues and operating profit in 2004, but bottom line boosted by drop in financial costs.
- Ferry order for HSD/Stavangerske
Poland's Remontowa bags $13m contract for 300-passenger double-ender.
- Daiichi surges ahead
More sparkling results for Japanese bulk and tanker owner, as company pursues $60m profit for the full year.
- Kyoei inches up
VLCC operator posts tiny profit for latest quarter, though asset sales augur well for full-year.
- MOL makes a packet
Japanese shipping giant doubles profit in first nine months, as tankers, bulkers and boxships all perform.
- K Line sets sights higher
Full-year profit forecast increased by Japanese owner after strong nine-month performance.
- Aratere arrested
New Zealand's Interisland Line ro-ro in trouble again after row over rudder fault.
- Toei strays off course
Profit fall for Japanese reefer operator despite confident full-year projections.
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| FEBRUARY 10, 2005 |
- Containers, bulk shipping lift MOL's results
- "K" Line net income rises 113% in first nine-months
- Hamburg Sud alters U.S./East Coast South America loop
- "K" Line's debt rating improves
- ACI warns of airport constraints on market growth
- Lufthansa Cargo to raise rates
- American allows online bookings from Central America
- Beystehner replaces Darden on UPS board of directors
- House readies highway bill for action
- BNSF, Los Angeles discuss new intermodal facility
- FMC denies shippers' association NSA petitions
- U-Freight moves Hong Kong headquarters, appoints new CEO
- GE enters "smart box" market
- USDA chief delays Canadian beef import rule
- Homeland Security Committee gets organized
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| FEBRUARY 10, 2005 |
- ITF campaign to stop port directive
New attempts by the European Commission to introduce the port services directive may lead to port strikes, as the International ...
- Unions distort competition
After pressure from German and Finnish trade unions, Estonian Shipping Company (ESCO) was forced to double its shipboard employees’ salaries ...
- Containerships fixed on long term charters
The current container carrier charter market show tha container operators and containership owners have confidence in the market for the ...
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