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| JULY 11, 2005 |
Shipping News
- Marshalls tries to save Taiwan investment
THE Marshall Islands is trying to save its biggest planned foreign investment after environmental authorities rejected a Taiwanese company's proposal for a floating dry dock worth nearly US$20 million.
- Gulf tanker rates spike on Aug demand
THE cost of shipping crude oil from the Persian Gulf to refineries in Asia rose to near a two-month high as cargo owners started booking 2 million-barrel tankers for their August shipments amid a dwindling supply of vessels.
- 200 feared killed in Indon ferry accident
AS many as 200 people were feared dead days after a ferry capsized in rough seas off eastern Indonesia, a rescue official said yesterday.
- Mitterrand ordered Greenpeace ship sabotage
- Collision damages ship
- Sniffing out trouble
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| JULY 11, 2005 |
- HUD Group adds three new tugs to the fleet
- Yantian port throughput up over 20pc
- Weber Distribution hires two executives for new company roles
- MOL launches second Brazil-US east coast link
- Ontario Securities Commission investigation complete: CP Ships
- CMA CGM enters into joint venture with HNN
- Schenker opens European Logistics Centre in Germany
- New web site for Panalpina
- Boeing, Guggenheim Aviation sign deal for freighters
- Thai Airways and Air New Zealand sign code-share agreement
- Volga-Dnepr group transports Russian aerobatics team
- Menzies Aviation appoints director for Americas
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| JULY 11, 2005 |
- Able Shipping Agencies completes 5 years of operations
- Struggle against EC bid for IMO seat continuing, shipowners told
- Varun Shipping draws up $ 90 m tanker acquisition plan
- Korean shipbuilders anticipate losses in H1
- Dumping probe into nylon filament yarn, saccharin from China initiated
- VCT plays host to a virtual township!
- VPT takes prompt action as cargo vessels collide at inner harbour
- Chennai all set to host FFFAI’s 17th Biennial Convention from July 14
- India can raise manufacturing exports to $ 150-200 bn in 5-10 years—Accenture
- CBDT to explain nitty-gritty of FBT
- Union Com. Secy to speak at IMC tomorrow
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- New Finnair president and CEO
- Scandlines with new strategy for Baltic services
- Emirates to fly to Malta via Larnaca
- Russian and Finnish railways agree on speeding up container transport
- Rhenus takes over Austrian Spedition Röhrer
- US senate passes energy bill with retrofit incentives
- Freightliner selects iWarranty software from 4CS
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| JULY 8, 2005 |
- "Huge numbers" use free water transport after London blast
- Intertanko protest over Malacca Strait war risk
- Stronger first half for Skaugen
- Stolt Offshore’s US $40 million Brazil contract
- Lapthorn master pleads guilty to alcohol charge
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| JULY 8, 2005 |
- U.S. Shipping Partners to acquire product tanker
- CP Ships gets warning letter
- Promotions at Matson
- New GlobalSantaFe semis have thruster problems
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| JULY 8, 2005 |
- Port of Seattle in line to break container record again
- Pollution response exercise scheduled for Yaquina Bay
- NYK adding Eco ship to car carrier fleet
- Eric Evans, Arthur LaMoureaux win Thomas Crowley trophies
- Rail freight traffic sees another up week
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| JULY 11, 2005 |
- Ladyman urges UK shipowners to be creative on employment
BRITISH shipowners must come up with creative plans to boost the employment of domestic seafarers on UK vessels or risk pushing the Government to take firm action, the new shipping minister has warned.
- Brussels hints at imposing conditions on P&O Nedlloyd takeover
DANISH giant AP Møller-Maersk may have to reduce its presence on certain trade lanes before the European Commission will allow it to buy P&O Nedlloyd, writes Janet Porter.
- Pool Re likely to foot terror bill
MOST property damage claims arising from Thursday’s attacks in London would end up in mutual insurer Pool Re provided the Home Office declares it to be a terrorism event, Merrill Lynch said at the weekend.
- Fuel surcharges fleece the customer, say shippers
SHIPPING lines and airlines are fleecing their customers by imposing fuel surcharges that are much higher than justified by oil price rises, the European Shippers Council claims.
- UK OFT seeks more time on Mersey Docks
Britain’s Office of Fair Trading wants more time to assess the proposed £771m ($1.3m) acquisition of Mersey Docks and Harbour Company by Peel Ports Investments.
- Panama puts heightened security warning on British port calls
THE world’s largest shipping register now rates vessel calls in Britain as at least as dangerous as some countries regard calls in Iraq following the London terrorist bomb outrages last week.
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| JULY 8, 2005 |
- Loose nut caused ferry accident
THE grounding of the ferry Queen of Oak Bay in Canada on 30 June was caused by mechanical failure of an engine speed control device, according to BC Ferries
- AP Moller offers 'concessions'
AP MOLLER-Maersk has offered the European Commission unspecified concessions to ensure clearance of the Royal P&O Nedlloyd deal by the EU competition authorities
- Cruise concern over UK bombings
- Princess fire: terrorist rumours
- Exxonmobil upgrades US-Alaska fleet
- Skaugen's earnings rally
- Council takes control of Auckland
- Bombs hit Pan Ocean share listing
- Warsaw steps in to help Polish yard
- Have your say!
- Dockworkers call for secret ballot
- Regulator warns CP Ships
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| JULY 8, 2005 |
- Vancouver terminals, drivers talk
As gates remain empty, feds are poised to intervene, but wants drivers back to work and negotiations re-started first.
- Suit won't affect ILA pact
- Computer bugs jam Long Beach boxes
- ILA dissidents want elections
- U.S. railroads on terror alert
- Freight index up in April
- FedEx opens Wuhan branch: Report
- Matson promotes Cox, Hoppes
- Calif. tug fleet powers up
- Seko opens S.F. office
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| JULY 8, 2005 |
- Justice Department moves against organised crime in ILA
US government lawyers filed racketeering charges on July 6 against the New York-based International Longshoremen's Association (ILA), union president John Bowers, and several other senior union officials.
- CP Ships censured over 2004 accounts restatement
The Ontario Securities Commission (OSC) issued a caution to CP Ships yesterday, but will not commence formal proceedings, following its investigation into the company’s August 2004 restatement of accounts.
- Toll tittle-tattle rife as ARC wins Auckland
- Seattle benefits as carriers look for LA alternatives
- Shandong Yantai launches Japan/South China service
- Inchon Port Authority starts operations on July 11
- MOL launches second Brazil loop
- Gwangyang haulier's strike comes to an end
- Northport management settle union pay claim
- Extra rail money as Anderson bows out
- Aus exports hit new records but clouds gather
- PONL deploys recently-charterd vessel to BEX1
- NYK Logistics expands into St Petersburg
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| JULY 8, 2005 |
- Shakeup at Arlington
Stena vehicle replaces chief financial officer with outsider who will also get share of CEO's post.
- Aries boys cash out
Insiders Petridis and Bolin sell 1.4m shares to Jefferies-led underwriters for $17.5m, with no proceeds to company.
- EC extends Maersk probe
Danish shipowner must wait until end of month to find out if P&O Nedlloyd takeover accepted.
- Why Pan Ocean bombed
STX chief Kang Duk-soo blames terrorism in London for rocky launch on Singapore stock exchange.
- Share warning for CP Ships
Securities commission cautions liner shipping group over insider trading, but Ray Miles and other executives get off the hook.
- CSG in the money for $1.2bn
Bank of Communications to advance massive new credit line to Chinese owner.
- Varun off to a flier
Strong start to year for Indian tanker and gas carrier owner as fleet expands.
- Skeleton staff for club
Police allow 25 of Thomas Miller's 450 London staff back into P&I office.
- Skaugen bounces back
Norwegian tanker and gas carrier group turns around last year’s loss in first half
- Pan Ocean misses target
IPO of top South Korean bulk carrier owner is priced 30% below top end forecast.
- Blasts close club HQ
Police investigations into London explosions keep UK Club’s P&I team from their desks.
- MOL adds second Brazil link
Boxships line’s Latin American network improved with new five-ship operation to US.
- TTA takes Athena Sea
Thoresen Thai pays $24.5m to acquire second handysize bulker from Greece’s Elmira Shipping.
- US fund bids to buy NIBC
Wall Street powerhouse in exclusive talks to buy Dutch shipfinancier.
- Accident report released
The failure of engine governor is thought to be responsible for the Queen of Oak Bay grounding.
- X-factor for Bourbon
French owner orders two supply ships at Ulstein in Norway with new X-bow design.
- Master "one over the eight"
Ukrainian master of UK-flagged Hoo Tern faces jail after being found intoxicated in Southampton.
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| JULY 8, 2005 |
- Hamburg Sud relocates Miami office
- Matson promotes Cox, Hoppes
- MOL takes slots on Brazil/U.S. East Coast service
- Canadian commission ends probe into CP Ships’ accounting, trading
- FMC reviews 18 OTI licenses
- Industry groups, NVOs urge FMC to lift limits on NSAs
- SEKO opens new San Francisco office
- Schenker opens European Logistics Center
- Extra PNW carrier services boost Seattle's box volume, market share
- ILA, USMX say no strike will occur during RICO action
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| JULY 8, 2005 |
- Scandlines ro-pax back to the owner
Scandlines will re-deliver the ro-pax ferry "Svealand" at the end of the year, when the co-operation with ...
- Government support to coaster in chains
The Danish Minister for Foreign Affairs has now promised a full support for Sea Saigon Shipping and Rederiet Fabricius in ...
- Containerised drinking water from Norway to China
An export project to export containerised drinking water from the Norwegian county of Telemark to China is launched and one ...
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| JULY 8, 2005 |
- New Orleans barge operator increases fuel surcharge
Three suppliers affected as barge operator cites rising fuel costs for delivery surcharge increase.
- Jamaica resumes supply after hurricane, Florida and Gulf next
Jamaican supplier Petrojam returns its vessels to port today, with Tampa and New Orleans closing later today, Miami unaffected.
- Uruguay barge to resume service next week
Montevideo supplier reports that its barge is back in service from July 11 after routine maintenance.
- Non-performance, pricing system slammed by ARA suppliers
Bunker suppliers in Rotterdam are becoming increasingly frustrated with the non-performance of cargo sellers in the barge market, which they argue is being allowed to develop by an unfair price assessment mechanism.
- Gulf Navigation Group sells 10% stake
Gulf Navigation Group (GNG), a Dubai-based company involved in a number of marine related services including management, supplies, bunkering and agency work has sold a 10% stake in the company.
- Rotterdam holds firm after Midday
- TransMontaigne expands with Radcliff acquisition
TransMontaigne Inc. has signed a purchase agreement to acquire Radcliff/Economy Marine Services, Inc. in a deal which will see the company's terminal capacity increase and expand it into the lube oil marketing arena.
- Bunkers removed for refloating operations
Bunkers were removed from the grounded 25,370 dwt bulk carrier Kiperousa to prevent the risk of oil pollution during refloating operations.
- OPEC: Difficulty in meeting projected oil demand
OPEC will find it difficult to meet projected future oil demand, Saudi officials said.
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