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| DECEMBER 12, 2005 |
Shipping News
- China bets on Yangshan port
SHANGHAI's container cargo handling capacity will double to 30 million boxes by 2010, after last Saturday's opening of the US$16 billion Yangshan deep-water port, dislodging Hong Kong as the world's busiest harbour.
- Four Asean nations to boost marine security
FOUR South-east Asian countries agreed yesterday to start joint sea patrols to fight cross-border crimes and beef up security in piracy-prone waters around the southern Philippines, officials said.
- Audit scheme hailed as big step ahead for safety
THE adoption of a framework for the voluntary audit scheme by the International Maritime Organisation's general assembly was heralded by the shipping community as a major step forward in promoting navigational and environmental safety.
- UK's PD Ports' board backs Aussie bid
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| DECEMBER 12, 2005 |
- Xiamen port to raise US$157m through IPO
- Qingdao, Weihai to jointly develop container terminal
- Hong Kong ports not in "sunset years", Modern Terminals says
- Hanjin to use YICT as major S China hub
- Logistics industry in China in need of improvements
- CN to increase 2006 spending to CAD1.5 billion
- CX looking to build terminal
- Lufthansa Cargo to fly to Chengdu
- Northwest announces restructured A330 agreement
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| DECEMBER 10, 2005 |
- Over 1,000 vessels in class with Indian Register of Shipping
- Stir against FoC vessels yielding results-Kulkarni
- Central Silk Board makes out case for dumping duty on Chinese goods
- Shrimp exporters take subsidiary route to establish firm foothold in US
- MICT augments container handling equipment to improve operational efficiency
- ‘Cool cranes’ that function at -60° C!
- India ready to cut bound tariffs by 50 pc
- RIL bid to have major say in India’s largest SEZ
- CII backs India’s tariff cut proposal at WTO
- Amendment to TRIPS pact may benefit pharma industry
- Call for modernisation of warehouses
- Bill introduced to promote warehousing business
- Exim Bank proposes 3 packages to finance agricultural export projects
- FAPCCI plea to extend Customs clearance under ATA Carnet to Hyderabad airport & Vizag Port
- India-Asean FTA soon, says Kamal Nath
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| DECEMBER 12, 2005 |
- Bridges elected vice-chair of US AAPA delegation
- PSA International continues to acquire P&O shares
- United Airlines planning to exit Chapter 11
- Baltic Sea motorway opened in Germany
- BAX Global delivers for Levi Strauss
- Open access rules in sight in UK
- MHF Logistical Solutions to offer 'smart' hazmat shipments railcars
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| DECEMBER 11, 2005 |
- ICS stresses importance of shipping in WTO talks
- Constructive progress on ship recycling
- PD Ports backs Babcock & Brown bid
- New info system for UK waterways
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| DECEMBER 10, 2005 |
- Signal International to build Tarzan class jackup
- Venezuela and Iran plan new shipyard
- China consolidates Dalian yards
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| DECEMBER 9, 2005 |
- WPPA presents Bob Moser with Life Member Award
- Senator visits Port of Olympia in wake of spearheading project funds
- IMO members look at implementing audit scheme
- Port of Tacoma welcomes new Evergreen S-type vessel
- US rail freight traffic has solid holiday week
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| DECEMBER 12, 2005 |
- Threat to close Irish Ferries as dispute escalates
IRISH Ferries’ parent company Irish Continental Group has threatened to close the business unless a bitter flagging out dispute is resolved rapidly, according to reports from the Irish broadcaster RTE.
- Institutions waver over backing Dubai’s P&O bid
Cracks have appeared in the institutional support which Dubai Ports World revealed in its £3.3bn ($6.2bn) bid for P&O, the British ports and ferries group, writes Tony Gray.
- EU faces insurance shortfall over Galileo
THE European Union is working on the assumption that it will be able to insure only about €1bn ($1.3bn) of the potentially huge liabilities arising from the Galileo satellite navigation project.
- Liberty capacity hits £912m
LIBERTY Syndicates has unveiled a big increase in its Lloyd’s capacity for 2006, to a record level £912m ($1.6bn).
- Commons to investigate impact of piracy on UK
UK MPs are to hold an inquiry into the issue of piracy on the high seas, the House of Commons transport committee has announced, writes David Osler.
- Samsung in talks over LNG defects
SAMSUNG Heavy Industries plans to meet owners of liquefied natural gas carriers built by the South Korean yard employing the Mark III containment system, which has encountered problems on one vessel.
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| DECEMBER 9, 2005 |
- A&P closes Southampton facility
A&P, the UK’s leading shiprepair company, has closed its facility in Southampton, where the company operated the King George V dry dock
- Ship emission rules could be short-lived
THE California Air Resources Board has unanimously approved regulations on smoke emissions from ocean-going ships - but the rules face certain legal challenge
- Hamers to head up IHC Holland
DUTCH dredging specialist IHC Holland Merwede is to appoint Govert Hamers, currently MD at Imtech Marine, to replace Sjef van Dooremalen as President-Director
- Peru 'wins' in trade talks with US
PERU is to drop tariffs on US imports as part of a bi-lateral trade agreement struck by the two countries this week
- Pemex sees Cantarell output decline
- Copesul has Mercosur box plans
- Brazil fears Aker Promar withdrawal
- Irish Ferries in closure rumours
- Tallink shares begin trading
- Indian minister clashes with owners
- Seafarers block ferry over flag
- Pertamina probe to be stepped up
- Marintec hears tonnage warning
- Volgotanker wins High Court victory
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| DECEMBER 9, 2005 |
- Shipping: Change Calif. emissions rule
Proposed rule mandates low-sulfur fuel for ships operating within 24 miles of the state's coastline.
- APL expands in Russia's Far East
- Shanghai volume to lead world ports
- U.S. industry protests Europe shoe duties
- Profit for SSA Global
- Intermodal up amid drop in carloads
- Maritime groups sign accord
- Kuehne & Nagel buys timber forwarder
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| DECEMBER 9, 2005 |
- Support for DP World's P&O bid on the wane?
Support for DP World’s bid for P&O Group appeared to be on the wane today, as the Dubai company admitted that some shareholders had withdrawn their support.
- CMA CGM withdraws from TSA
CMA CGM has given customers notice of its withdrawal from the Transpacific Stabilization Agreement with effect from December 2, leaving only 11 prominent ocean carriers remain within the TSA.
- String of measures to support HK throughput
- India, Pakistan agree to update shipping protocol
- New barging facilities will call Kwai Chung
- Korea strikes back against Yangshan challenge
- Big industry players move into Yangshan logistics park
- Busan New Port dredging done
- Existing transport-services could benefit from EU priority axes
- ER Schiffahrt receives its 60th container ship
- Long Beach development director moves to LA
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| DECEMBER 9, 2005 |
- Iran to help Venezuela build ships
The Islamic Republic of Iran and the Bolivarian Republic of Venezuela are getting together on building tankers and LNG carriers.
- Goldman moots Matson IPO
A top analyst has opened coverage of Alexander & Baldwin with an outperform and a juicy piece of speculation.
- German pay breakthrough
Employers claim deal done on flag of convenience agreements but union says there are matters still to resolve.
- Stellar resale gains
Ghassan Ghandour books a near $50m profit on sale of 2006 delivery VLCC.
- Tallink goes to premium
Shares in Estonian ferry group make robust debut on Tallinn stock exchange.
- Viking keeps Rosella Finnish
Ferry company backtracks on reflagging after new union agreement and drops plan to appeal UK court ruling.
- APL targets rubles
Singapore-owned box line expands Russian reach with new eastern bases.
- Irish Ferries in quit threat
Management of ferry operator reportedly tells union it could close company as strike continues.
- India, Pakistan sign shipping pact
Governments to amend 1975 protocol to relax cargo transport restrictions.
- Great Eastern refinances
Indian owner set for big interest payment savings under $53m loan package.
- Shreyas plots expansion
Directors of Indian boxship player to consider ways of raising INR 3.5bn for growth.
- Algoma takes a hit
Canadian owner restates nine-month profit to include costs of transferring tanker from US to domestic flag.
- Maersk wins US Navy charter
Potential five year deal for containership fixture to Military Sealift Command could be worth $65m.
- Fredriksen buys into Mosvold
Oslo-listed offshore venture SeaDrill acquires close to 40% in Mosvold family drilling venture.
- Maritrans raises $73.1m
US tank-barge and lightering operator aggress to sell 3m new shares to fund various needs.
- MISC seals FSO job
Malaysian shipowner to convert former Pleiades tanker for oil storage work off domestic coast.
- US Shipping fixes Houston
Morgan Stanley Capital Group takes twenty-year-old handysize for coastwise Jones Act trade.
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| DECEMBER 9, 2005 |
- NOL opens customer service and operations centers in Russia
- Trimble, Coast Guard officer and LCA leader, dies at 92
- Lufthansa Cargo, Air China Cargo increase China/Germany flights
- Northwest reaches restructured agreements for A330s
- Finnair orders nine A350s, three A340s
- BNSF to repurchase another 30 million shares
- Conway named CBP attache in Brussels
- BDP names Loup CIO
- U.S. joins Kyoto Convention
- ESC concerned by security proposal
- NATO unit awards Savi Technology a new RFID contract
- GT Nexus introduces freight audit software
- Mallory Alexander names Liddell VP warehouse operations
- Port of New York/New Jersey starts transfer of Brooklyn piers
- Port organizations agreement aims to boost Latin trade
- Panama Canal Authority, Dallas coalition to sign strategic pact
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| DECEMBER 9, 2005 |
- Human error behind collision
A human error. That is the preliminary conclusion from the Danish Maritime Authorities on the collision between "Vertigo" and "Ziemia ...
- Stora Enso to expand maritime logistics system
Next summer, the Nordic forest giant Stora Enso expands its North European distribution system NETSS ((North European Transport Supply System ...
- Seca surcharge likely
Vessels operating in the North Sea and Baltic, the two first Sulphur Emission Control Areas (Seca), will have to introduce ...
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| DECEMBER 9, 2005 |
- California adopts strict new bunker controls
Auxiliary engine emissions law approved as first step towards new sulphur limits and a possible SECA for California.
- Ship operators facing year-end 'price hike'
Oil companies are offloading their bunker fuel inventories into the market before the year-end, resulting in a number of price troughs. But price hikes could be round the corner, say sources.
- 'Market maker' leaves Fujairah to return home
One of the most prolific bunker personalities in Fujairah is packing his bags after more than 20 years of activity in the Middle East bunkering hub.
- South Korean refiner strengthens Asian presence
Leading South Korean refiner on track to become the fourth largest refiner in the Asia-Pacific region with acquisition.
- Rotterdam bids/offers $7 apart at midday
- No real alternative to low sulphur fuel oil
Prohibitive costs will leave ships plying SECAs with no real alternative to burning LSFO, industry player claims.
- New instances of high cat fines in Rotterdam
Fuels with cat fine levels above ISO 8217 standard limits have again been found in Rotterdam.
- Singapore exchange hops on bunker contract bandwagon
Bunker hedging options set to grow as Singapore SGX announces clearing for OTC deals around the same time as Dubai exchange launches marine fuel contract.
- Japan: November 180 cst contract price fall on month
Nippon Oil Corp and Nippon Yusen KK have agreed to lower the retroactive 180 cst contract price for November.
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