 | web site |
| OCTOBER 13, 2005 |
Shipping News
- IMO to debate controversial anti-terrorist provisions
CONTROVERSIAL amendments to the Suppression of Unlawful Acts At Sea convention, including the ability to board and search vessels on the high seas without flag-state permission, are being debated by International Maritime Organisation members this week.
- Gurkhas deployed at S'pore ferry terminals
IN the wake of the London and recent Bali terrorist bombings, the Singapore Police Force has stationed members of the elite Gurkha Contingent at passenger ferry terminals across Singapore.
- China Shipping's Q3 sales up 25% on cargo growth
CHINA Shipping Container Lines Co, which operates the country's biggest ocean transportation company, said third-quarter sales gained 25 per cent as expanding trade increased cargo volume and sent freight rates higher.
- Commodity shipping rates expected to rise
- Top Tankers buys three tankers for US$177m
Logistics
- DHL to make Hong Kong largest hub outside US
DHL, the German express group, is investing US$110 million to double the capacity of its cargo handling hub in Hong Kong six years ahead of schedule, as its business in mainland China grows.
- Japan Post in tie-up talks with courier firms
JAPAN Post is nearing the final stage of talks on tie-ups with several major couriers such as TNT Post Group of the Netherlands and Japan's Nippon Express Co, a news report said yesterday.
- LOGISTICS BRIEFS
PANALPINA Welttransport Holding, a Swiss logistics and transport company, opened a logistics service centre in the United States to handle growing demand from the automotive business.
Port Shots
- PORT SHOTS
UK shipping minister Steve Ladyman said last week that he would like to see non-EU crew members on ferries trading between EU ports subject to the same immigration controls as other non-EU citizens working within the trading bloc.
|
 | web site |
| OCTOBER 13, 2005 |
- ELAA urges greater dialogue between shippers, carriers
- Jiangxi railway authority adds services
- Jurong volume rises 43pc through September
- Collyer opens Shekou office
- Kuehne + Nagel expands in Belgium
- Liaoning agricultural exports thrive
- Emirates boosts services to Shanghai, HK
- Air China offers links to Frankfurt, LA
- Continental Airlines makes US$84m pension contribution
|
 | web site |
| OCTOBER 13, 2005 |
- GAC acquires Benair Freight International
- SCI set to sign deal with Daewoo for 2 VLCCs
- Shreyas Shipping to expand multimodal logistics ops
- Govt may allow registered export houses to import gold
- MoF seeks Textile Ministry’s view on application of Committee Cess
- No sugar imports in 2005-06-Pawar
- Income-tax on profit from DEPB licence sales will be scrapped, assures Chidambaram
- DEPB licences now available online
- Inter-ministerial panel formed to inspect export schemes
- Ennore Port model being studied for Major Ports’ corporatisation
- Tuticorin has potential to become hub port, asserts CII
- Now, Roman roads to lead to India!
- TAMP quantifying gains of PSA-Sical in Tuticorin box terminal operations
- Natural rubber exports rise by 36.5 pc in H1
- State Finance Ministers agree to halve CST to 2 pc from April 2006
- Promotional package for SMEs mooted
|
 | web site |
| OCTOBER 12, 2005 |
- Hamburg Port Authority: new supervisory board
- Tampa in Panama alliance
- Swiss posts very encouraging load factors for the first nine months
- IBS: private railcars and new Cotif
- Wako Logistics acquires LA-based Asean Logistics
|
 | web site |
| OCTOBER 12, 2005 |
- Marseilles strike largely over
- Odfjell makes US5m profit on ship sales
- Booking system "success"
- OMI in share buy back
|
 | web site |
| OCTOBER 12, 2005 |
- Nigel Gee ferries for Indian island service
- Tug orders for Conrad
- Yantai-Raffles to build floatel semisub
- Name change for Philadelphia shipyard
- Warning on AIS message problems
- Another "magic pipe" indictment
- Brazil launches
|
 | web site |
| OCTOBER 12, 2005 |
- Denial of Southwest move to Boeing Field unleashes mixed reaction from players
- NAFTA surface transport count makes slight gain during July
- Washington State Ferries plans Port Townsend open house
- Totem Ocean Trailer Express earns pollution prevention honor
- Cargill selling K-2 facility to Associated Grain Terminals
|
 | web site |
| OCTOBER 13, 2005 |
- Double Hull Tankers bites the bullet
DOUBLE Hull Tankers has finally succumbed to the market blues, filing a revised prospectus with US regulators that aims to raise $200m at a heavily discounted price instead of the $300m originally envisaged.
- Eagle Bulk joins Double Hull in Wall Street shuffle
Wall Street remained severely challenging to shipowners yesterday, as high-powered New York Stock Exchange aspirant Double Hull Tankers struggled to close its $300m deal within the desired $14-$16 a share even as Nasdaq dry bulk operator Eagle Bulk Shipping unveiled a $102m follow-on.
- Restis confirms Golden Energy IPO flop but vows to go public in future
RESTIS family offshoot Golden Energy Marine has confirmed it walked away from its initial public offering last week after failing to achieve the pricing it wanted, writes Nigel Lowry in Athens.
- US Coast Guard ‘tough but fair’ on seafarers
THE US Coast Guard has underlined its intention to continue to crack down hard on deliberate marine pollution incidents, while ensuring seafarers are not unfairly persecuted after genuine accidents.
- Biggest single drop for Howe Robinson index
HOWE Robinson’s weekly containership charter index was marked down over 100 points yesterday, the biggest-ever single drop, as the market continued to weaken.
- Hapag-Lloyd’s Taca exit paves way for takeover
HAPAG-Lloyd will resign from the Trans-Atlantic Conference Agreement in order to clear the way for CP Ships’ takeover.
|
 | web site |
| OCTOBER 12, 2005 |
- PDVSA files long-delayed 03 report
VENEZUELAN oil giant PDVSA has finally filed its 2003 annual report with the Securities & Exchange Commission, revealing new details on the strike impact and investments in future output
- Migrant Watch: US/Caribbean
CHINESE migrants turned up on Puerto Rico this week, while there is an established route taking them through South America to other Caribbean islands
- St Kitts patrol fights bulker blaze
ST KITTS Coastguard helped prevent a near tragedy on 8 October when an engine room fire on bulker Chang An spread to the ship’s galley and crew quarters
- Irish withdraw from NorthLink bid
IRISH Continental Group, parent company of Irish Ferries, is understood to have withdrawn its bid to take over the subsidised NorthLink shipping service
- Transneft clarifies Indiga position
INDIGA, a planned oil terminal on the Barents Sea for tankers to carry Russian crude from Arctic oilfields, has not been shelved, Transneft told Fairplay today
- Unifeeder sends out clearer signal
AARHUS, Denmark-based Uniship Group has changed its corporate identity to Unifeeder A/S
- Marseilles counts its losses
- Carolina awaits Jasper port ruling
- Clarkson $300M fund gets green light
- Ottawa blocks Ridley coal contracts
- Xingang yard prepares for future
- India to regulate intermediaries
- NITC secures $108M in refinancing
- Inuit propose Canadian Arctic port
- ITF, Leonhardt reach agreement
- Daewoo Mangalia bids for Santierul
|
 | web site |
| OCTOBER 12, 2005 |
- No trans-Pacific rate war: Hanjin exec
Lines should be able to avoid a damaging rate war in 2006 even though capacity will top demand by an estimated 5 to 7%.
- EU grants conditional OK for CP Ships buy
- PNCT chief: non-port businesses should be moved from NY-NJ piers
- EU, U.S. start air talks Monday
- Maersk Sealand tweaks Americas services
- Philadelphia shipyard gets new name
- MSC engineer charged in pollution probe
- Gao leads Matson Asia
- Maruba enters ABX service
- Japan Post seeks Asia express link
|
 | web site |
| OCTOBER 12, 2005 |
- CP Ships takeover cleared, after conference withdrawal
TUI/Hapag-Lloyd’s takeover of CP Ships has been cleared by the European Commission, with the proviso that Hapag-Lloyd/CP Ships should withdraw from North America-Europe conferences.
- Australia Customs cargo-system switch goes ahead, with concessions
The Australian Customs Service’s contentious Integrated Cargo System (ICS) went live at 02:00 today, as planned, though parts of the old system will remain in short-term use.
- Uneven pressure depressing entire charter market
- India mulls Act to monitor shipping trade
- EC: under-performing EU R&D could lead to under-performing job-market
- CSCL adds new tonnage
- Swift orders 1,500 Jindo containers
- Deepsea Container Terminal Gdansk sees 2007 start
|
 | web site |
| OCTOBER 12, 2005 |
- Prison bars for ‘magic pipe’?
A Boston grand jury has indicted an MSC chief engineer over what prosecutors hint may have been standard operating procedure.
- Dozen does it
Double Hull Tankes becomes shipping's newest public company at $12 per share, 20% below original target level.
- Hull damage: $100m
Double Hull Tankers cuts size and pricing of its initial public offering as company pushes to get OSG sale-leaseback deal done
- OSG in BP talks
New York owner talks 7-year Jones Act charters with oil major for two Aker newbuildings at rates in range of $48,000 per day.
- Double trouble?
OSG's Double Hull Tankers IPO delays pricing and may be weighing cut-rate level of $12 per share as investors resist $15 target.
- Eagle flies high
US bulk operator files for second equity offering at previously unthinkable $17 per share.
- Sveaas goes offshore
Norwegian investor is revealed as largest shareholder in US owner Trico Marine.
- Finnlines upgraded
Deutsche Bank more optimistic on cost competitiveness at Finnish ro-ro company.
- L&B backs down in ITF row
German owner signs crew agreements for NYK Prestige and Cap Lobos after latter boycotted in Hamburg.
- Supply ship refloated
Norwegian offshore vessel reaches port safely after running aground off UK.
- Bluewater goes public
Marine insurer looks to break into US market after raising NOK 50m in Oslo IPO.
- Ow to take SSC private
Ow Chio Kiat makes mandatory offer for Singapore Shipping Corp after his stake passes 35%.
- STX Pan Ocean slammed
Singapore analyst downgrades shipowners stock to sell over acquisition of Korean Express stake.
- Crew escape bulker blaze
Chinese ship damaged after engine room fire off St Kitts.
- Odfjell reveals profit
Norwegian owner says it will book $5m from sale of two 1980s-built chemical tankers.
- Georgian yard goes private
Government wants $7.7m for controlling stake in Batumi shiprepairer.
- TBS adds Sanko bulker
US dry cargo operator buys third ship since going public with acquisition of Sea Cattleya.
|
 | web site |
| OCTOBER 12, 2005 |
- ESC "disappointed but not surprised" by EC block exemption draft
- Hanjin exec: Grand-New World partnership isn't a major worry
- Matson promotes Gao to oversee re-entry into transpacific market
- Schwarzenegger signs ship pollution bill
- Consultant says LNG fleet needs massive capacity expansion
- Transatlantic aviation talks back on
- Emirates SkyCargo increases China capacity 50%
- Cathay's air freight traffic up 19.8% in September
- LAN Airlines orders 25 A320's, options 15 more
- Schneider National will use MPRI simulators to train drivers
- FMC collects $305,000 in civil penalties
- CBP eliminates textile declaration
- ITC proposes remedies for imports of certain Chinese steel pipe
- U.S. proposes rules for imports of Central American peppers
- Schwab selected as deputy trade representative
- Houston tug strike averted
- Port of Vancouver, Wash. appoints Shuck director of facilities
- Cargill sells grain transfer facility to Associated Terminals
|
 | web site |
| OCTOBER 12, 2005 |
- US Coast Guard will 'crack down hard' on pollution
The US Coast Guard makes a timely commitment to uphold pollution laws, and enforcing emissions controls may be next.
- New barge to boost Puerto Rico bunkering
Harbor Bunkering launching new barge by the end of the year to provide more versatility for Caribbean customers.
- Bunker supply resumes at French oil port
End of port worker strike allows bunkering to resume and saves refinery from shutdown.
- US lubricants industry shows signs of recovery
US lubricant industry beginning to recover, but observers warn that worse may still be to come.
- Rotterdam firm this morning
- IEA urges refineries to increase output
Oil prices rose after the IEA urged oil refineries to increase output capacity in the face of high fuel products demand in the fourth quarter.
- Tight supply in Singapore buoys demand in Malaysian ports
Tight Singapore bunker market prompts increased demand in Malaysian ports, but supply is tight there too.
- New emissions analyser gets DNV endorsement
A new nitrogen emissions analyser claiming to conform with MARPOL Annex VI has won endorsement from classification society.
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
