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| FEBRUARY 14, 2005 |
Shipping News
- Bangladesh plans deep-sea port to tap regional cargo flows
AIMING for a slice of regional cargo flows, Bangladesh is moving forward with plans to construct a World Bank-backed deep-sea port and container terminal near the southern city of Cox's Bazar.
- Dry freight rates reverse losses on emerging demand
SEABORNE freight prices for hauling raw materials reversed a string of losses late last week on emerging demand, but analysts said it was too early to tell whether the market had turned.
- Frontline Q4 profit seen surging to US$372m
NORWEGIAN billionaire John Fredriksen's Frontline Ltd, the world's largest tanker company, may say net income surged to a record US$372 million in the fourth quarter as an increase in oil supplies drove up freight rates.
- Ferry delays after berth collapse hit Valentines
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| FEBRUARY 14, 2005 |
- China's leviathan ports begin year on even footing growth-wise
- Port of Long Beach has credit rating upgraded
- Pacer donates funds to tsunami relief efforts
- China Shipping orders massive newbuilding from Chinese yard
- Customs improvements stimulate Shenzhen export trade
- NYK extends help to victims of Asian earthquake
- Hactl throughput increases in January
- China Southern takes delivery of new plane
- Northwest Airlines to add routes from Detroit
- Air France-KLM January traffic figures up
- Pilot Air Freight revenue soars in 2004
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| FEBRUARY 14, 2005 |
- Mercator Lines to acquire Handymax bulk carrier
- Hindustan Shipyard delivers dredger to VPT
- India charting course to comprehensive policy on cruise tourism—Baalu
- ITES exports may total $ 50 bn by 2008
- Indian firm buys 40,000 tonnes raw sugar from Brazil
- Mundra Port surpasses own single-day scrap discharge record
- NMP sets new single-day record in handling iron ore concentrates
- Kandla Port sets new 1-day wheat loading record
- Mid-term review of dumping duty on methylene chloride initiated
- Warehouse receipts may be made negotiable
- Panel’s views sought on taxing transport agencies
- GoM leaves SEZ legislation draft issue to Cabinet for final say
- Industrial production posts robust 7.9 pc growth in December
- Halve Customs duty over 2 years, Planners urge govt
- IMC defers business mission to Pakistan
- Fieo, DGFT to hold Open House on NFTP on Feb. 17
- Pawar inaugurates Adani Wilmar’s largest edible oil refinery complex
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| FEBRUARY 11, 2005 |
- Total Lubmarine updates lube analysis service
Total Lubmarine announced today that it has updated its marine lubricants analysis service, DIAGOMAR Plus, by adding a new lubricants test and making its reports faster to use and easier to understand.
- Colombia: Chemoil launches joint venture with local partner
Global bunker supplier, Chemoil Corporation announced today that it has formed a joint venture physical supply operation with a local partner in Colombia.
- SEAaT: Wins for abatement and trading, EU split on timing
SEAaT reveals wins for abatement technologies and emissions trading, but highlights divisions among core European political institutions on the implementation of lower sulphur caps.
- IBIA magazine announces changes
- Alaska spill worsens as clean-up is suspended
Hopes that two of the ship's main fuel tanks might still contain bunker fuel are dashed as clean-up is suspended until Spring.
- Latin America warms to Europe's imminent sulphur caps
State oil companies and large suppliers of bunker fuel looking to exploit South America's supplies of low sulphur fuel oil as new caps loom.
- Rotterdam firm with crude surge
- ISO: Quality not viscosity should be industry standard
ISO convenor, Wanda Fabriek is calling for the viscosity parameter for ISO specifications to be dropped, with a greater emphasis to be placed on quality.
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| FEBRUARY 11, 2005 |
- Sievers-SNC: Microsoft certifies transport management system
- Angola imposes mandatory inspection charge
- United Shipping appoints new member in Kenya
- Bertschi opens new container terminal in Schwarzheide
- Libyan contract for ANA Aviation Services
- Port of Gothenburg AB celebrates 20 years of operations
- Handing over the helm at Swiss Maritime Office
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| FEBRUARY 12, 2005 |
- Budget eliminates tanker program
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| FEBRUARY 11, 2005 |
- President's 2006 budget holds funds for channel project
- First month of year sees rail carload count slip
- DOT laying down rules for public space travel
- Washington governor taps Bray as advisor for transportation
- Upswing in business has UPS hiring pilots
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| FEBRUARY 14, 2005 |
- Brussels seeks single voice for Europe at IMO
THE European Commission has sounded out the International Maritime Organization over how it can be formally recognised as representing a common position of member states at the UN Agency.
- Selendang Ayu is Alaska’s second worst spill
OIL spilled from the Selendang Ayu, the IMC group bulker that broke in half off Unalaska Island in Alaska in December, makes the casualty the second biggest to afflict the state after the Exxon Valdez, rescue officials say, writes Rajesh Joshi in New York.
- NCL hints at New York re-listing
NORWEGIAN Cruise Line, the Oslo and Miami cruise company that was taken private in 2000 by Star Cruises, could be sailing towards a re-listing in New York, NCL president and chief executive Colin Veitch has said.
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| FEBRUARY 11, 2005 |
- Cape Flattery refloated safely
SALVORS were successful this morning in refloating the bulker Cape Flattery from the sand off Barbers Point in the Hawaiian Islands
- Shanghai building cruise terminal
SHANGHAI is building a mega cruise terminal to cater to cater to booming tourist traffic
- Korea finalises tonnage tax rates
KOREA has finalised slab rates for tonnage tax that will be effective in the financial year 2005
- Coastguard evacuate 28 crew
TWENTY-eight Russian seafarers have been rescued by the Japanese Coast Guard after their general cargo vessel ran aground north-west of Cape Kodomair, Japan
- Volunteer threat for rescue service
THE UK's search and rescue services face losing the support of voluntary organisations within ten years, it was claimed yesterday
- Troubled Aratere top of the agenda
THE future of Toll Shipping's troubled Cook Strait ferry Aratere has moved to top of the agenda for the Maritime Safety Agency, seafarer unions and the ship's operator
- Mitsui follows Maersk to Mumbai
- Tonnage tax not benefiting cadets
- Cantor MD addresses IPO fears
- CP Ships' operating income up 20%
- Dollar weakness savages Gorthon
- FFAs will steer physical markets
- Norwegian cluster 'fading fast'
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| FEBRUARY 11, 2005 |
- Trans-Pac lines raise eastbound rates
Carriers warn that importers should expect similar port and rail congestion that plagued West Coast ports last year.
- Union Pacific hikes target congestion
Railroad hopes raising rates will drive some shipments away from Arizona bottleneck, improve flow of Southern California traffic.
- UPS adding 200 more pilots
- TACA lines drop congestion surcharge
- Deficit of $553B for U.S.-made goods
- Maersk Sealand ends Halifax service
- Fast Feb. start for U.S., Canadian railroads
- Cargo rises at port of South Louisiana
- UK port labor talks break off
- Nehru plans deepening project
- New team for U-Freight
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| FEBRUARY 11, 2005 |
- More capital for Adelaide-Darwin railway
Shareholders in the Asia Pacific Transport Joint Venture, owner of the AustralAsia Railway, have been forced to commit around A$30 (US$23.4) million in additional funds that will address capacity constraints.
- TACA suspends West Coast congestion charge
- Scheldt dredging negotiations fail to reach conclusion
- Samba shuffle sees Hamburg Süd re-work US/LA string
- Gothenburg trains dockers for 24-hour operations
- MOL back office activities to outsourced India
- New contracts encourage Lyttelton
- SCI begins fleet expansion
- Busan VTS to get under way later this year
- Port of Brisbane not for sale
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| FEBRUARY 11, 2005 |
- Six more for Mipo
Claus-Peter Offen appears to have splashed out $235m to convert a batch of containership options to firm orders.
- MarAd bounces Amsea
General Dynamics subsidiary Amsea is out of the running for a big US military tender.
- Peter passes, but...
Genmar chief waives cash bonus in lieu of restricted stock that one day could bring millions.
- Offen back in black, red and gold
MPC Capital-linked shipowners say they are putting 38 existing ships under German flag.
- B&N back in black
Comprehensive profit turnaround prompts return of dividends after drought years of 2002 and 2003.
- Spot boost for Arlington
Exceptionally high tanker market pushes revenues 36% above prospectus forecast.
- It's official
Selendang Ayu now second largest Alaskan oil spill after Exxon Valdez.
- Japan rescues 28 crew
Russian seafarers lifted from geriatric general cargo vessel grounded near Cape Kodomari.
- Montanari in rude health
Italian tanker owner posts a return to form, with near-$50m pre-tax profit in 2004.
- Unfit for human transportation?
New Zealand ferry Aratere banned from carrying passengers until new safety conditions met.
- Smit ups forecast
Improved fiscal climate allows top salvor to raise profit estimate by 25%.
- Varun prices share issue
New investors and boss Arun Mehta ploughing more cash into expanding Indian owner.
- Paper profits slip at Gorthon
Swedish ro-ro owner’s 2004 result hit by lower Canadian forestry products exports.
- Piracy attack off Singapore
Heavily armed group of pirates board chemical tanker in Singapore Straits.
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| FEBRUARY 11, 2005 |
- CP Ships keeps cash "firepower" for potential takeovers
- CP Ships raises 4Q earnings, predicts better 2005
- Carriers drop Savannah from "Eastabout" RTW loop
- Shippers' association file new review petitions with appellate court
- IMO discusses tsunami warning system
- ATA: security tax proposal would widen U.S. airlines losses
- UPS to hire 200 additional pilots
- U.S. rail traffic up 10.2% for last week
- Bulk carriers name Lynch to staff
- Freightliner starts Felixstowe/Widnes rail link
- U.S. chamber wants USTR to initiate WTO consultation on Chinese piracy
- Canadian wheat production increases to 18 million tons
- USDA accepts 2 trade help petitions for review
- Bush includes $15 million in budget to deepen Columbia river channel
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| FEBRUARY 11, 2005 |
- Norway wants shipping agreement with India
Norway is looking to negotiate a shipping agreement with India. The Norwegian shipping minister Børge Brende was recently in India ...
- Weak dollar drains Gorthon result
The weak dollar had a negative impact of SEK 21 million (EUR 2,3 million) on Gorthon Lines’ result for 2004 ...
- Good result for Finnlines on a weaker market
Last year’s revenue of Finnlines Group was slightly lower than in the year before due to a weakened market and ...
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