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| MAY 12, 2005 |
Shipping News
- Asian shipowners voice concern over piracy
THE biggest group of Asian shipowners has said that it's concerned that incidents of piracy and armed robbery against ships in the Malacca Strait have returned to 'previous levels'.
- Indon navy to guard oil, gas projects in Malacca Strait
INDONESIA's navy will guard offshore crude oil and natural gas projects in the country's waters and the Malacca Strait from possible terrorist attacks and help ensure ships do not damage underwater pipelines.
- NOL expected to post ninth quarterly profit gain
NEPTUNE Orient Lines , which operates Asia's second-largest container line, may report its ninth quarterly profit gain, as Asia's exports kept its containers full and allowed it to charge more for cargo space.
- INDONESIA, US IN ANTI-TERROR DRILLS
- AP Moeller may buy P&O Nedlloyd
- S Korean yards to share US$1b Iran orders
Strait Talk
- Herald seamless door-to-door transport
THE vision NOL Group president and CEO David Lim outlined during his presentation at the Center for Maritime Economics and Logistics at Holland's Erasmus University last week was a familiar one to those who have followed the development of containerisation over the past 33 years or so.
Port Shots
- Port Shots
CONTAINER shipping company CP Ships said on Monday its quarterly profit rose as higher freight rates offset lower volume due mainly to schedule delays and service restructuring.
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| MAY 12, 2005 |
- AP Moller-Maersk to buy RPONL
- CP Ships reports strong Q1 2005 results
- China Merchant Holdings awaits green light for Yangtze River push
- Hamburg Sud sets up office in Lion City
- TNT registers Q1 profit
- American service will sail to Port of Savannah
- CX transports 21pc more freight in April year-on-year
- Boeing and JAL complete US$5.3 billion worth of contracts
- Emirates expands Bangkok-Sydney service
- Qantas to launch more flights from Western Australia
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| MAY 11, 2005 |
- Air pollution in Puget Sound result of shipping
Bunker fuel contributing to air pollution and international controls are not enough, reports claim
- IEA says world oil demand growth is slowing
Oil prices fell today on the double whammy of reports of slowing global crude oil demand growth and continued inventory gains in the US, the world's biggest oil consumer.
- DOE & API: US oil inventories continue to rise
US stocks of crude rose for the 12th time in 13 weeks and are above the upper end of the average range for this time of year, the government agency said.
- Columbia River: No spill reported from grounded freighter
- P&O Nedlloyd announces profit as parties agree takeover price
Both AP Moller-Maersk and P&O Nedlloyd have reached a conditional agreement on the price of Maersk's proposed takeover of the Dutch containership owner on the day it reported a surge in profits.
- DNVPS confirms reports of off-spec fuels in Los Angeles
Fuel testing company DNV Petroleum Services (DNVPS) confirmed to Bunkerworld today that the company had received several samples for testing in the port of Los Angeles which tested off-spec.
- New regional manager for Lintec
- Singapore: Clearing house may jazz up oil trading
Singapore's over-the-counter oil trading market has the potential to expand if a clearing house or an energy futures exchange is set up, oil traders said.
- Dubai Drydocks starts $40m project to build bunker tankers
Against the backdrop of Fujairah's strong bunker market, Dubai Drydocks launched a $40 million shipbuilding project to build four bunker tankers for local shipping company.
- OPEC output hits 30 million bpd in May
OPEC total oil output, including Iraq's 1.7 million bpd, has reached 30.3 million barrels per day (bpd) in May.
- South Korean yards to get $1bn orders to build tankers
Iranian tanker company will award contracts worth almost $1 billion to South Korean yards to build oil tankers.
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| MAY 11, 2005 |
- Qualcomm adding hours tracker to OmniTracs
- Bangladesh to cancel pre-shipment inspection (PSI) this year
- U-Freight Euromar strengthens Italian network
- CTL Logistics powering into German market
- EGSAC appoints member for Romania
- A.P. Møller - Mærsk A/S may buy Royal P&O Nedlloyd NV
- Wincanton announces new IT director
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| MAY 11, 2005 |
- Maersk set to buy P&O Nedlloyd for 3bn
- Marshall Islands Registry expands
- ICTSI‘s 66% Q1 profit jump
- IMO's Maritime Safety Committee tackles crowded agenda
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| MAY 11, 2005 |
- Maersk to make $2.9 billion offer for P&O Nedlloyd
- IMO's MSC starts another mega session
- Teekay LNG IPO raises $151.8 million
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| MAY 11, 2005 |
- Washington governor signs bill expanding Tacoma Heavy Haul Corridor
- TTX taps Greenbrier for 1,950 intermodal wells
- Application deadline extended for Merchants Exchange Scholarship
- Port of Everett calling for North Marina contractor proposals
- Washington State Ferries hosting celebrations
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| MAY 12, 2005 |
- Maersk mega merger marks the start of liner shake-out
AP Møller-Maersk brought several days of fevered speculation to a dramatic end yesterday with the announcement that it planned to make a cash offer worth €2.3bn ($2.9bn) for P&O Nedlloyd.
- Fredriksen’s P&O Nedlloyd gain could have been bigger
JOHN Fredriksen has welcomed AP Møller-Maersk’s €2.3bn ($3bn) bid for P&O Nedlloyd, a deal which will bring the Norwegian tanker magnate a handsome profit.
- Staff ‘devastated’ despite assurance that job losses will be minimal
STAFF of P&O Nedlloyd in London, Rotterdam and around the world were "devastated" by news of the proposed takeover, chief executive Philip Green admitted yesterday, writes Janet Porter.
- Merger could face scrutiny warn lawyers
ALTHOUGH a combined market share of around 17% should pose no antitrust problems in the US for the proposed AP Møller-P&O Nedlloyd combination, legal experts stateside are warning against being too sanguine so early in the process.
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| MAY 11, 2005 |
- PONL to discuss bid in July
AP Møller-Mærsk’s €2.3Bn ($3Bn) offer for Royal P&O Nedlloyd (PONL) is expected to be discussed at an extraordinary general meeting by PONL in July
- Opening up Options
INTERNATIONAL Maritime Exchange in Oslo, Norway, will launch an ‘exchange traded cleared freight options contracts’ on VLCC route TD3 (Middle East to Gulf of Japan)
- Norway prepares to head south
SMITWIJS, the towage and salvage division of Smit, has been contracted to tow the 76,049gt cruise ship Norway from Bremerhaven in Germany
- Boxes boost BLG pre-tax result
BLG, the German ports and logistics group, raised pre-tax profit by 85% to €29.4M last year buoyed by strong contributions from its 50% stake in port operator Eurogate
- French court imposes record fine
A French court has imposed a record fine against a Maltese-registered general cargo vessel for polluting Atlantic waters last October
- PONL bid to spark fresh interest
ANALYSTS believe AP Møller-Mærsk’s bid for Royal P&O Nedlloyd will flush out new bidders, among which could be Neptune Orient Lines and China Shipping
- Excel bulking up fleet
- Jamaica restarts banana exports
- SCI to slot charter on IndAmEx
- Guangdong scrambles to secure coal
- Bio-terrorism threatens NZ trade
- P&O to accept Maersk offer
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| MAY 11, 2005 |
- P&O Nedlloyd OKs Maersk Sealand bid
The Anglo-Dutch container line on Wednesday urged shareholders to accept $3 billion takeover offer by its larger Danish rival.
- P&O Nedlloyd profits triple
- Trade gap hits 6-month low
- UPS affirms profit forecast
- JoC to offer C-TPAT Teleconference
- Pacer earnings grow
- PierPASS tabs CFO
- Boisen, Moore to speak at Trans-Pacific Air Cargo Conference
- i2, Microsoft form SC alliance
- Pace VP of Columbia Intermodal
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| MAY 11, 2005 |
- Brand demise will see PONL leave Grand Alliance
The AP Moller-Maersk (APMM) Group plans to merge the P&O Nedlloyd (PONL) brand within Maersk Sealand after any acquisition, meaning that PONL would be forced to leave the Grand Alliance.
- Relatively flat finish to USWC contract-talks, despite all-water gains
Ocean carriers have had a tough time pushing through general rate increases for the 2005/2006 transpacific contract season for the second year running, particularly to the USWC, say market sources.
- Quiet market gives charter-brokers time to think over APMM/PONL deal
- AP Moller’s past antitrust indiscretions could delay EC’s RPONL acquisition approval
- RMB revaluation could stem the flow of China's exports
- Shenzhen growth leaves no room for reduction in charges
- New system promises greater Australian intermodal capacity
- MOL to launch China/India service
- TS Lines to enhance Japan/Taiwan/South China service
- K+N Austria reroutes captive rail-traffic from German ports to Rotterdam
- Adelaide joins Customs’ X-ray front line
- RPONL accepts AP Moller’s €2.3bn offer
- New services raise Gwangyang's throughput
- London canals to get £1.6m to improve freight transport
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| MAY 11, 2005 |
- Nedlloyd shares soar
Maersk offer propels stock price to near EUR 57 level to be paid by Danish giant.
- Fischer tanker impounded
Ouro do Brasil detained in port after investigation launched into deaths of fishermen.
- Eimskip back in black
Icelandic container line turns around loss as revenues grow in first quarter.
- Fredriksen eyes Nedlloyd profit
Norwegian owner could pocket $100m from selling stake in Dutch boxship owner to Maersk.
- Maersk and Nedlloyd agree price
Danish boxship giant to buy Dutch rival for EUR 2.3bn after both sides work out conditional takeover deal.
- P&O men leave Nedlloyd board
Robert Woods (right) and Nick Luff quit as directors following Maersk’s bid for company.
- Nedlloyd gets timing right
Dutch boxship giant picks good day to announce big jump in first quarter operating profit.
- Imarex gets non-physical
Freight speculators now have the added chance to buy options on futures.
- Green in black
Oslo reefer operator transforms last year's quarterly loss into profit.
- Teekay increases LNG proceeds
Money generated from IPO leaps to $152m after underwriters snap up over-allotments.
- Aboitiz beefs up transport arm
Filipino group set to bring shipping companies, including Jebsen ventures, under one umbrella.
- P&O says yes
UK group with vital 25% shareholding in Nedlloyd will book tidy profit from Maersk takeover.
- CMA-CGM inks boxship biggies
Daewoo Shipbuilding & Marine Engineering clinches order for four 8,400-teu from French carrier.
- Takeover to cost 1,500 jobs
Maersk's Nedlloyd deal will also see Dutch board stand down and Euronext listing scrapped.
- Keppel inks tug deals
Singapore yard wins newbuilding orders from Lukoil, Groupe Bourbon and Keppel Smit Towage.
- MOL increases India links
Japanese line adds fourth service to Asia’s new emerging powerhouse, this time linking with China.
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| MAY 11, 2005 |
- Maersk bids $3 billion for P&O Nedlloyd
- Mitsui & Co. forms partnership with INTTRA
- Maersk Sealand adds South Atlantic ports to Central America loops
- MOL joins Samudera's Far East/India loop
- Intermarine to charter four heavy-lift cargo ships
- Coast Guard responds to James River spill
- UPS to build 5 U.S. air freight hubs
- Delta starts New York/Chennai flights
- Cathay Pacific's cargo volume up 21%
- Pacer's first quarter profit up 21%
- Globe Express to open Ningbo office
- FMC reviews 19 OTI license applications
- Kuehne + Nagel to fully acquire WM Cargonet
- Bush nominates Hawley for TSA
- USDA proposes to allow imports of Chilean meats
- Oman reopens borders to American beef
- DHS to lose technology official
- ICTSI's profit up 66%
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| MAY 11, 2005 |
- Workers killed on Norwegian frigate
Four yard workers were killed early this morning onboard the Norwegian frigate "Roald Amundsen", currently under construction at the El ...
- Mærsk launches offer for Royal P&O Nedlloyd
A. P. Møller-Mærsk and Royal P&O Nedlloyd today announced that the Danish container giant intends to launch a ...
- 2004 a golden year for the Stena sphere
The Stena Sphere – Stena AB, Stena Sessan AB, Stena Metall AB and Concordia Maritime in which Stena owns 52 per ...
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