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| DECEMBER 13, 2005 |
Shipping News
- Fresh anti-piracy deal soon on 'hot pursuit' in Malacca Strait
HOT pursuit' across maritime borders in the Malacca Strait is about to become a reality with the littoral states set to sign an agreement detailing the standard operating procedures for patrols in the straits before month-end.
- India modifies LNG shipping rules
INDIA has changed its liquefied natural gas shipping rules.
- Big demand for Dubai port's Islamic bond issue
THE US$2.8 billion Islamic bond issue from Dubai's ports corporation has attracted intense investor interest and is likely to be oversubscribed by at least 50-75 per cent, a lead manager said on Sunday.
- Third parties to ship goods between India, Pakistan
- Samsung talks with shipowners after its LNG vessel leaks
- All set for salvage
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| DECEMBER 13, 2005 |
- NOL extends presence in Russian Far East
- HIT, YICT deploy eBilling services for HMM
- First Indian logistics firm sets up in HK
- Largest container terminal in Tianjin starts operation
- Chengdu to build 3 logistics hubs by 2020
- New expressway opens in northeast China
- Qingdao reports record throughput
- Huanghua slated to become multifunctional port area
- Hactl seeks $2b refinancing loan
- Yangtze River Express launches Shanghai-Singapore freighter service
- Atlas Air reports strong third quarter earnings
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| DECEMBER 13, 2005 |
- DGS guidelines on LNG shipping kept in abeyance
- Container shipping continues to be preferred mode of cargo transport with more boom years ahead, feel players
- India, Pakistan strike accord on revised Shipping Protocol
- MISC, MOL, NYK, OOCL & PIL to start South-East Asia-New Zealand service
- TUI’s plan to buy remaining shares of CP Ships
- "K" Line & MOL to launch new Asia-S. America service
- OOCL Logistics to start Customs clearance services in Europe
- TNT puts logistics division up for sale
- APL Logistics & Christian Salvesen in joint venture
- P&O in Vietnam port deal
- Fieo submits Budget wish-list to Finance Ministry
- Black pepper exports likely to hot up in Q4
- Footwear leads leather exports surge
- Vehicle exports through Mumbai Port zoom
- Forex reserves dropped for fourth week in succession
- Manmohan Singh makes strong pitch for NAFTA-type Pan-Asian FTA
- Blending & brewing: India, Japan may come up with exotic tea variety
- 37 companies win India Manufacturing Excellence Awards 2005
- Corporate India to invest over Rs 3 lakh cr in 18 months
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| DECEMBER 12, 2005 |
- NASSCO awarded $200 million Navy contract
- Austal confirms Istanbul contract
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| DECEMBER 12, 2005 |
- Matson fuel surcharge will increase January 1
- Midshipmen receive scholarships at annual Connie luncheon
- Bellingham Bay Work Group plans public meeting for Thursday
- Panama Canal Authority works deal with DNTCC
- APL expaning in Russia with two new operations centers
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| DECEMBER 13, 2005 |
- PD Ports dumps Endeavour for £337m Babcock & Brown offer
AUSTRALIAN investment firm Babcock & Brown moved yesterday to strengthen its position in PD Ports, which has agreed to a £337m ($598m) takeover bid, by purchasing a chunk of the UK ports group’s shares.
- Brussels to unveil liner competition guidelines
THE European Commission is expected tomorrow to recommend guidelines governing liner shipping for the period following the abolition of the conference system.
- Norwegian Hull Club gives Christmas cash
AN early Christmas gift is on its way to some shipowners - from, of all people, their insurers.
- Clarksons’ £2.5m hit on freight ferry closure
Clarksons is closing its loss-making Channel Freight Ferries service between Southampton and Radicatel less than two years after it was launched, writes Tony Gray.
- Fire crews fight inferno
FIRE fighters have started dousing the flames at Total’s Hertfordshire Oil Storage Terminal West, north west of London, where 19 oil product tanks have been destroyed or damaged, writes Martyn Wingrove.
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| DECEMBER 12, 2005 |
- Boxships heading back up
BOXSHIP charter rates appear to be heading upwards again, although this is probably only a short-term trend
- Jersey ferry service hit
EMERAUDE Lines has extended the withdrawal of its fast ferry Solidor 5 from the service linking Jersey and mainland France
- Channel Freight Ferries closes with $4M losses
CHANNEL Freight Ferries, the ro-ro ferry operation started in January 2004 as part of Clarkson’s PLC shipping diversification activities, is to cease sailings on 16 December
- Bremerhaven supports Maersk jumbos
RUMOURS that Maersk will deploy giant container ships with a capacity of 15,000TEU next year have been given fresh impetus by port planners in Bremerhaven
- Panama Canal, Dallas sign port pact
- Possible bid battle for PD Ports
- Aleutians remain vulnerable: SSPA
- Indo-Pak shipping protocol amended
- New light shed on Prestige saga
- Major gas deal imminent
- Japan lifts ban on US beef today
- India does LNG U-turn
- Dongkuk to set up Brazilian plant
- DFDS takes full control of Lys Line
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| DECEMBER 12, 2005 |
- APL volumes up 3 percent
Neptune Orient Lines said freight volumes in the four weeks from Oct. 22 to Nov. 18 rose 3 percent to 147,800 FEUs from a year ago.
- CMA CGM leaves TSA
- No change for TACA fuel charge
- Japan resumes U.S. beef imports
- Supply chain tops retailers' agenda
- WTO changes drug rules
- Shanghai opens Yangshan port
- "K" Line opens Tianjin warehouse
- World Air leases 747s
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| DECEMBER 12, 2005 |
- Fleet growth to outstrip volumes says Korea Maritime Institute
The Korea Maritime Institute has predicted in its 2006 World Shipping Market Forecast that the container market will see volumes and fleet growth of 9.7% and 14.7% respectively.
- Indonesia calls for co-operation in Malacca Strait security
- Bangladesh agrees to ratify Asian Highway Agreement
- BBI gain PD Ports recommendation, as Endeavour fails
- Increase in fuel prices lifts Korea trucking costs
- K Line operates warehouse in Tianjin bonded area
- Investors for Yangshan Phase II to be revealed
- Heavy ice boxship for Norilsk Nickel
- HMM considers rewarding shareholders with a dividend
- eBilling service bridges HMM, HIT and YICT
- TACA sails steady on BAF, while CAF lowered
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| DECEMBER 12, 2005 |
- New cruise mystery
Canadian woman missing from RCCL's Jewel of the Seas after Florida-Bahamas journey.
- US probes cruise safety
Congress wants to know more about passengers 'vanishing' from cruises and other crimes in international waters.
- Clarksons axes ferry offshoot
Shipbroker ends Channel Freight Ferries adventure after hefty loss.
- Feeling like a million
OMI officer cashes in shares for seven-figure takeaway.
- Petronet starts over
Indian LNG importer moves goalposts for newbuilding tender won a week ago by Exmar and Varun.
- Skaugen in new China deal
Norwegian shipowner invests in developing yard where it plans $250m gas carrier series.
- More orders for Solvang
Norwegian owner brings series of 17,000-cbm LPG carriers to four at Meyer Werft.
- Eitzen hikes Sigloo stake
Norwegian shipping group gains 82.5% share in ethylene gas carrier partnership with $100m bid.
- Aker out
Stronger Brazilian currency leads Norwegian shipbuilder to give up chase for Petrobras’ tanker tender millions.
- Crew rescued off Iran
Cargoship sinks after hitting submerged vessel in Khowr Musa waterway.
- Seim soars
Youthful underwriter leapfrogs up the Norwegian Hull Club's underwriting department.
- Suez Global LNG swaps chiefs
Rick Grant flies in to take helm as London boss Clay Harris shifts back to Houston.
- Samsung speaks on BG ship
Korean shipbuilder of Methane Kari Elin plans to meet with owners who have LNG carriers on order at its yard.
- DFDS buys out Simonsen
Danish owner takes 100% of Lys-Line after snapping up director Morten Simonsen’s remaining shares.
- Shreyas offloads oldie
Indian owner sells veteran boxship to lower age profile of feeder fleet.
- Hull club gift time
Top Norwegian insurer to return 5% of premium to shipowners as clean claims year follows run of casualties.
- Analysts uneasy over payout
NOL’s cash distribution plan given a thumbs down over concerns of potential cyclical downturn.
- Babcock goes one better
PD Ports dumps Endeavour to back better offer from Aussie investment firm Babcock & Brown.
- Matson ups surcharges
Record high fuel prices prompt US-to-Hawaii container line to raise fuel surcharges to 15%.
- Strike hitting ICG in the pocket
Irish Ferries parent says action by crew over redundancies has already cost it EUR 5.5m in profit.
- German pay breakthrough
Employers claim deal done on flag of convenience agreements but union says there are matters still to resolve.
- Support for DP World slips
Dubai-backed ports group bidding for P&O sees two major investors trim their stakes.
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| DECEMBER 12, 2005 |
- DFDS buys remaining shares in Lys-Line
- APL's container traffic, revenues up
- Matson to raise fuel surcharge 2%
- China Shipping receives 4,250-TEU ship
- Atlas Air Worldwide Holdings posts $29.9 million net profit
- Delta reaches tentative wage cut agreement with pilots union
- Korean Air pilots end strike
- Lufthansa's cargo down 1.1% in November
- Cathay's November cargo up 15.2%
- Norfolk Southern assigns $1.15 billion for 2006 capital projects
- Kuehne + Nagel Inc. buys Aces Ltd.
- Nippon Express to lease Tokyo logistics facility
- Japan reopens market to U.S. beef
- "K" Line, Zhenhua Group establish logistics company in Tianjin
- California issues emissions rules for vessels, terminal equipment
- PD Ports accepts higher $597 million offer
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| DECEMBER 12, 2005 |
- Swedish Coast Guard orders large multi-purpose vessels
The Swedish Coast Guard has ordered two large multi-purpose vessels from Damen Shipyard. The vessels will be built by ...
- SvitzerWijsmuller is working on the "Vertigo"
SvitzerWijsmuller have been awarded the contract for the salvage of the ill-fated "Vertigo", which sank last week in Great ...
- Blystad orders another two prod/chem carriers
Blystad in Oslo has ordered another two 12,800 DWT product/chemical tankers at the Samho yard in South Korea at ...
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| DECEMBER 12, 2005 |
- US markets open quiet, prices firm
Suppliers reporting a quiet day in Gulf, West Coast, as resupply delays keep East Coast avails tight.
- Marine lubricants: Majors lift force majeure
Marine lube producers maintaining cautionary stance over medium-term supply as oil majors lifting force majeure declarations on key cylinder oils.
- 'Green' ship on US West Coast
Evergreen's environmentally friendly ship calling at Los Angeles and Tacoma last week.
- Crude rebounds on cold snap, little OPEC impact
OPEC's decision to keep output high for now has little impact on market as cold weather may fuel US heating oil demand.
BP Marine UK sales office within area still cordoned off by police after Hemel Hempstead oil depot explosions.
- CEPSA creates new bunkering subsidiary, eyes expansion
Spanish oil company CEPSA has announced the creation of a new wholly-owned subsidiary to boost its international bunkering business, including new overseas projects.
- AADA to trim bunker surcharge on lower fuel prices
Asia Australia Discussion Agreement will reduce its bunker surcharge with effect from January 7, 2006 to reflect lower bunker prices.
- $2 spread in Rotterdam/Antwerp trade market offers Monday
- Oil spill damage costs still being counted
The damages and costs caused by the oil spill from Selendang Ayu are still being tallied even though the incident happened one year ago.
- Matson to raise bunker fuel surcharge from next year
Leading US ocean carrier expects that bunker prices will "continue to be at or near record high levels".
- Singapore's maritime hub status remains strong
Singapore's position as a premier maritime hub remains secure despite Chinese competition.
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