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| JANUARY 13, 2005 |
Shipping News
- Asia freight rates regain strength on China demand
SHIPPING rates in Asia have regained strength this week, shrugging off a bearish mood seen late last year amid hopes that demand from China will pick up ahead of the Chinese New Year in February.
- Shipping derivatives growth to slow, brokers say
THE shipping-derivatives market will probably expand by 20 per cent this year, the Forward Freight Agreement Brokers' Association said.
- Shipyards may raise prices 10% in Jan: broker
Hyundai Heavy Industries Co, Daewoo Shipbuilding and Marine Engineering Co and other shipbuilders may raise prices 10 per cent this month, Oslo-based shipbroker Fearnleys AS said in a market report.
- Aker Yards set to win 1.2b euro order
- India's Petronet adds 3 ships to meet LNG demand
Port Shots
- PORT SHOTS
NIPPON Yusen KK, Japan's largest shipping company, and Denmark's J Lauritzen A/S plan to create a joint venture to operate ships carrying refrigerated cargo.
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| JANUARY 13, 2005 |
- PSA handles record 33m containers in 2004
- Indian Ocean earthquake reshapes shipping channels
- Tacoma names new commission president
- Port congestion hampers truckers', haulage firms' earnings
- APL vessel makes first Balboa pier call
- Cathay December freight transport increases
- UPS orders 10 Airbus A380 Freighters
- Kitty Hawk Aircargo signs up AvAero
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| JANUARY 13, 2005 |
- Assocham moots steps to prune exporters’ transaction costs
- It’s boom time for smaller shipyards
- Big houses plan to hive off shipping arm to avail of tonnage tax option
- LNG imports allowed only by shipping consortium having Indian partners
- SRTEPC upbeat on export prospects
- Ciae:Apparel exporters start 2005 with a BANG!
- India, Italy agree to step up bilateral trade flows
- DTA units converting to EOUs eligible for tax sops under Sec. 10B
- Fieo (WR) formulates plan of action against I-T Dept’s ‘tactics’
- Key to solving Indo-Pak issues lies in trade—Kamal Nath
- FAITMA signs MoU for German technology
- Exports well on course to meet 16 pc growth target for 2004-05
- 73-member trade team in Uzbekistan
- Finance Minister hears out industrialists’ Budget needs
- Customs duty cuts in Budget hinted at
- Commerce Ministry to seek removal of export cess on coffee
- Export procedure for textiles streamlined
- Stamp duty to be waived: Land for metro airports
- Draft policy sees scope to double processed food production, exports
- PHDCCI wants tax holiday extended to agro-processing units
- Govt may import more sugar to curb prices
- Foreign Trade Analysis: Current Policy & Procedures - By M. Sreedharan
- PSUs donate Rs 1.05 cr. to relief fund
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| JANUARY 12, 2005 |
- Shell Marine Products expands operations in US Gulf
SMP announce new operation offering intermediate fuel oil and marine gasoil in US Gulf port of Mobile - as major continues its focus on core regions.
- Red Sea gas oil makes sharp upward correction
- Stalled cargo loadings and bad weather disrupt Fujairah supply
Sources in Fujairah have said that delays to cargo arrivals and bad weather are placing extra pressure on an already tight market.
- Total Marine Fuels resumes operations in Dakar
Total Marine Fuels resumes operations in Dakar, Senegal after an absence of approximately two years.
- Rotterdam market firm
- Singapore: MPA keeping close watch on cargo arrivals
The Maritime and Port authority of Singapore has said it is keeping a close watch on recent fuel oil arrivals after high sodium levels were found in some fuels.
- Titan in final talks over China's biggest storage facility
Titan in final talks with state run oil giants to build China's biggest fuel storage facility at a cost of two to three billion yuan.
- Freight rates up, dollar down, predicts shipping consultant
The shipping accountant and consultant Moore Stephens foresees more of the same for buoyant shipping sector in 2005.
- Italian tanker owner fined for dumping bunker fuel
Court rules against owner, despite claims that Mediterranean spill was vegetable oil and not bunker fuel.
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| JANUARY 12, 2005 |
- Port of Le Havre: new English website
- Trucks return to US highway 119 In eastern Kentucky
- DHL strengthens infrastructure in Japan
- Railion and Seehafen Kiel sign closer cooperation pact
- EuroAirport on the rise again
- Le Havre to assist victims of tsunami disaster
- High-level reshuffle at Dachser
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| JANUARY 12, 2005 |
- Malacca Strait pirates still lying low
- Camillo Eitzen takes control of TESMA
- Carriers to pay for N Carolina box check moves
- UK club tells owners to look at manning levels
- Two capesize ships join "K" Line fleet
- Nor-Shipping aims to offer more this year
- Sean Day to be CMA commodore
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| JANUARY 12, 2005 |
- Maritime organizations coordinate tsunami response
- Bollinger Gulf Repair adds dry dock
- $586 million Navy contract for NASSCO
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| JANUARY 12, 2005 |
- Seattle Port Commission taps Edwards as president
- Port of Port Angeles unveils updated web site
- Port of Seattle expands international marketing staff
- WPPA communications manager takes post with advertising agency
- Big Sky to begin flights from Portland to Moses Lake
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| JANUARY 13, 2005 |
- Norden chief Krabbe dies at 62
Steen Krabbe (left), president and chief executive of Danish bulk shipping group Norden, died yesterday after being ill for many months, writes Tony Gray .
- Lloyd’s Register denies overcharging UN in Iraq oil-for-food programme
LLOYD’S Register has hit back at claims that it may have overcharged the United Nations during the Iraq oil-for-food programme in the 1990s.
- Bonner warns of Trojan box threat
"THE container is the potential Trojan horse of the 21st century," capable of delivering terrorists or weapons of mass destruction into the heart of the United States via the maritime transport system.
- Japan urges Malacca Strait safety
JAPAN wants Indonesia, Malaysia and Singapore to take more action to secure shipping in the Malacca Strait against the dual threat of piracy and terrorism.
- Angelicoussis in swoop for VLCCs
JOHN Angelicoussis has swooped for a pair of ChevronTexaco-chartered very large crude carriers, underlining his group’s continuing appetite for modern supertankers.
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| JANUARY 12, 2005 |
- Chinese import figures released
THE extent of China’s growing appetite for imports has been revealed in the latest statistics from the country’s General Administration of Customs
- Brazilian car exports booming
AUTOMOBILE production in Brazil grew 20% in 2004 which in turn led to an increase in exports of 52%, according to the Brazilian Auto industry Association
- Storms sever LA rail service
UNION Pacific has embargoed rail service moving inland from Los Angeles/Long Beach in the wake of storm-related track damage – and a port backlog is expected
- New York prosecutor sues CATS
NEW York’s notoriously aggressive attorney general, Eliot Spitzer, is suing embattled fast-ferry operator Canadian American Transportation Systems for fraud
- Aurora cruises the English Channel
- What to do with a drunken master?
- Spoornet resignation hits ports
- Fishing crew await tanker arrival
- Severe weather hits Scottish ferries
- Japan urges Malacca vigilance
- Regulator to control freight levels
- CMA CGM upgrades Lomé
- French fine 'sunflower' polluter
- Venezuela-Panama talks in pipeline
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| JANUARY 12, 2005 |
- Union Pacific limits key rail lines
Heavy rains and flooding in Southern California and in Nevada have washed out rail routes serving the LA-Long Beach port complex.
- Intermodal has to work smarter: Exec
Despite strains, there should be enough capacity if truck and rail carriers manage their assets wisely, trucking executive says.
- Record U.S. trade deficit
- UPS expects lower Q4 results
- Box growth to continue at Vancouver
- Airbus expects state aid for new jet
- Approval for KCS Nafta rail sale
- Business Roundtable outlines trade policy goals
- GT Nexus managing ocean freight procurement
- MISC says no plans to sell box fleet
- CMA CGM to build W. Africa box terminal
- NYK signs for Web trading
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| JANUARY 12, 2005 |
- Storms force LA rail closures
Union Pacific Railroad (UP), faced with severely damaged tracks from record rainstorms, declared an embargo yesterday on all freight traffic transiting Los Angeles and Long Beach ports.
- Can the S&P market stem the charter tide?
- Export outlets for US goods being choked off by rate imbalances, say Portland
- CIMC to launch wireless cargo security system with GE
- MISC denies sale of boxship division
- Trans-Siberian blockage ‘affecting movement’
- HK landing point for cross-border bridge chosen
- Protect exporters from high rates says Chamber of Commerce
- Multi-Link Terminals aim for Baltic consolidation
- Korea increases budget for port development
- China becomes Taiwan's No. 1 export market
- Korean ports grow 9.5% in 2004
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| JANUARY 12, 2005 |
- Steen Krabbe is dead
The head of Danish bulker owner Norden died today after a long illness.
- Cargoship refused entry
Panamanian freighter barred from US port after master refuses breath test.
- Local hero
Teekay chairman, and Connecticut pioneer, crowned 2005 Commodore.
- ShipServ signs up 75
NYK's management arm is going with Paul Ostergaard's ShipServ for supply transactions.
- CSC slips
Azeri owner Caspian Shipping's overall cargo volumes fall in 2004, but oil transport on the up.
- Multi-Link secures $90m loan
New shipowner-backed port operator will use money to expand Baltic terminals.
- Hong Kong holds six
Wan Hai, Evergreen and Columbus ships among December detainees.
- Nepline buys lab
Malaysian owner to develop palm oil extraction business with new acquisition.
- Inchcape ventures into Italy
Shipping agency teams with Tositti & Partners for more Med business.
- Shipping keeps giving
Yang Ming ups its contribution to tsunami relief effort as more shipping lines chip in funds.
- Eitzen unifies shipmanagement
Norwegian owner buys out former partner Tschudi’s stake in manager TESMA, possibly adding another 35 ships to its fleet.
- VLCC values on the up
Modern tankers fetch higher prices despite collapse in spot market rates, as Kyklades sells to Angelicoussis.
- Seven vie for Georgian owner
Georgia’s prime minister reveals top bid is $117m for Ocean Shipping Co's tankers.
- ACM calls for tsunami support
Bereaved director Simon Clough returning to work to help boost support for donation day.
- Excel gets Goldmar
Gabriel Panayotides’ US-listed bulker arm takes possession of latest addition to its dry cargo fleet.
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| JANUARY 12, 2005 |
- Carriers question findings, evidence behind EC conference proposal
- Crowley liner, logistics executives switch roles
- APL, MOL starts Balboa/West Coast South America feeder
- MarAd approves transfer of 6 U.S.-flag barges
- Ftd Shipping joins Hispaniola discussion agreement
- Maersk charters Trinidad/Florida slots from Crowley
- Samskip opens Ukraine office
- Management Dynamics acquires BridgePoint
- U.S., EU begin settlement talks on aircraft subsidies
- UPS hits the skids in week 52
- LAN Airlines scores December cargo increase
- World goes self-insurance route
- Interpool re-joins NYSE
- BNSF promote operations staff
- FMC reviews 12 OTI applications, revokes 6 licenses
- Bush names former Justice Dept. lawyer to head DHS
- China's exports balloon to $593 billion in 2004
- EU considers trade assistance to relieve tsunami-affected countries
- Canada confirms third cow infected with BSE
- ITC terminates study on CAFTA's economic effects
- U.S. border agency publishes results of 2004 activity
- NYK (Singapore) picks e-commerce procurement system
- Panalpina appoints senior executives in North America
- Census proposes rough diamond certificate number to be filed in AES
- Bollinger receives dry dock at New Orleans repair yard
- Port of Seattle elects Edwards as president
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| JANUARY 12, 2005 |
- Norwegian owners reluctant to order
Norwegian owners ordered on 90 newbuildings totalling 2.9 million DWT last year. The orders are worth between NOK 19.0 and ...
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