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| FEBRUARY 15, 2005 |
Shipping News
- KepCorp and SembCorp continue to fill order books
BOTH Keppel Corp and the SembCorp Group have continued to add to their order books, with the two marine rivals announcing contract wins yesterday from the same customer.
- IMO-EC talks skip pollution wrangle
THE head of the International Maritime Organisation and a key European Commission official in charge of transport policy have held a lengthy meeting but without touching on a controversial proposal by the European body to criminalise accidental pollution by ships.
- 8 rescued as cargo ship sinks in Mediterranean
EIGHT crewmembers of a Saint Vincent-flagged cargo ship were rescued early yesterday after the boat started sinking south of the island of Crete, while sea and air rescue units continued to search for the rest of the missing, authorities said.
- Persian Gulf tanker rates may rise on March bookings
- Carnival seeks US$1.6b in loans
- Disaster averted as drifting ferry misses rocks off UK coast
- PSA's volumes surge 14% in January
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- CP Ships sees earnings rise in Q4
- Tianjin to set up internet platform for customs services
- U-Freight moves HK headquarters, names new mgt team
- Oakland to receive US$48m in federal funds to deepen channel
- "K" Line bonds upgraded from BBB+ to A-
- ICTSI employs first Filipina port equipment operator
- Lufthansa Cargo to raise rates; award contract to Menzies
- Qantas chooses NJS to operate new Boeing 717 aircraft
- Pulkovo chooses AirRep Cargo Europe as sales agent
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| FEBRUARY 15, 2005 |
- Shipping lines add capacity on Asian trades in 2004
- Underwater system to protect ships, ports developed
- Shipping Ministry proposes maritime cess to part-finance NMDP
- SCI vessel handled in record time at VCT
- Rates of bulk carrier charters shoot up by 16-28 pc in just a week
- Probe into dumping of SFS by China initiated
- Exports set sizzling pace of 26 pc growth in April-January 2004-05
- Import growth in double-digit, but ‘sensitive’ items show decline
- India wants to bid jointly with China for oil projects
- PMO okays Rlys plan to allow private cos to run container trains
- Rlys hauls record 492 m tonnes of freight in April-Jan. 2004-05
- MSWC’s CFS a major facility for exim trade, farmers, aver Pawar & Deshmukh
- Rlys computerising parcel management
- Budget may address impact of WTO pact on trade
- Silk body urges Ministry to stop taxing DEPB income
- Business confidence index on upswing-Ficci survey
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| FEBRUARY 14, 2005 |
- Lukoil outlines plans for fuel oil export deal
Planned acquisition of fuel oil and lubricants manufacturer and wholesalers to give Lukoil another foothold outside Russia.
- Singapore: Supplier accreditations reach 19 as deadline looms
The Maritime and Port Authority of Singapore (MPA) has issued another round of accreditation certificates, bring the number of accredited suppliers to date to 19.
- Rotterdam market stable Monday afternoon
- Intertanko releases Greece conference details
Tanker association forum to offer analysis and updates on the world economy, and on the energy, finance and tanker markets.
- Frontline earnings surge on freight rates
Frontline expected to report record earnings of $372 million for Q4 on high freight rates.
- Supplier eyes quick resolution to storage hearing
Sri Lanka-based supplier Sri Lanka Shipping Company still hopeful of starting bunker deliveries from floating storage facility in JV with Chemoil.
- Indonesia mulling withdrawal of OPEC membership
Declining production and increasing domestic consumption have left Indonesia in a precarious position with regard to its membership of the oil exporting cartel.
- Malaysia: Pelepas bunker sales up 19% in 2004
Increased container throughput behind a 19% increase in bunker sales at the Malaysian Port of Tanjung Pelepas.
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| FEBRUARY 14, 2005 |
- Rand McNally Traffic: real-time road news to mobile phones
- Clecat replies to EC white paper maritime transport
- Ryder reports Q4 net earnings up 59%
- Transfracht: more trains for Dortmund
- Garuda Indonesia reports USD 45 million operating profit
- Another newbuilding for Saecs
- Fesco promotes Aspi Rostami to president
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| FEBRUARY 14, 2005 |
- Giant wave hits cruise ship
- CMB unit makes resale profit
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| FEBRUARY 14, 2005 |
- Washington State Ferries making headway on new vessels
- Corps schedules workshop to discuss Grays Harbor navigation
- Nicole Arena to be honored with Golden Compass Award
- Thirty gallon oil spill reported at The Dalles Dam fish way
- Tampa Port Authority taps Wainio as director
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| FEBRUARY 15, 2005 |
- Opec pumps investment into crude export capacity
THE ORGANISATION of Petroleum Exporting Countries is pumping investment into building its crude export capacity, maintaining strong demand for tankers and keeping in-line with global crude demand.
- Voyager loses power after wave hits wheelhouse
A MAJOR investigation is to be launched into a loss of power aboard the V.Ships-managed cruiseship Voyager after the vessel was hit by a wave big enough to stove in its wheelhouse windows, writes Sandra Speares.
- V.Ships and IMC in Asia venture
V.SHIPS and top Singapore bulker operator IMC are to join forces in a shipmanagement joint venture, with the game plan of becoming the biggest player in Asia by 2008.
- Brokers divided on boxship futures index
CONTAINER shipping heavyweights are split on whether the industry would support an index that could be used as a basis for derivatives trading.
- Two seafarers missing after ship sinks in Aegean Sea
TWO Ukrainian seafarers were still missing last night after a 27-year-old cargoship sank in the Aegean Sea, writes Nigel Lowry in Athens.
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| FEBRUARY 14, 2005 |
- USCG probes bulker-tug collision
COAST Guard investigators are today probing a collision between a bulker and a tug-pushed string of barges in which the tug and one barge were sunk
- Helicopter hits ship's deck
A HELICOPTER crashed onto the deck of a Singaporean general cargo vessel in the mouth of the Yangtze River in China on Friday morning
- Channel ferries work through delays
FERRY services between Dover and Calais are now operating at close to normal levels after disruption over the weekend
- Crew removed after dock breaks free
THE crew of the container ship CMA CGM Pasteur was evacuated on Saturday after the floating dock in which the ship was berthed for repair broke free from its moorings
- Chuan Hup confirms sale
- End in sight for Katerina 13
- Mumbai to Star in India cruising
- Accidents continue on US East Coast
- Russian specialists record growth
- NOL's net profit soars to $943M
- GAC markets Galle bunker service
- Disabled cruise ship restores power
- Med sinking: eight safe, two lost
- Polynesia expects cruise increase
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| FEBRUARY 14, 2005 |
- Portland details $89M box expansion
Terminal 6 project is centerpiece of port's bid to win new customers and more than double capacity of terminal to 800,000 boxes by 2011.
- NOL profits more than double
- Container volume up at Virginia ports
- Hanjin orders 6,500-TEU box ships
- JoC's China Trade & Logistics conference will address key issues
- FMC codifies reorganization
- SSA's Hemingway to address JoC Trans-Pacific Maritime conference
- P&O Ports tabs Northeast exec
- Pacer shares hit 52-week high
- Leung new NOL CFO
- Train traffic slowing: Report
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| FEBRUARY 14, 2005 |
- CN railway labour agreement averts strike
Canadian National (CN) railway today announced a tentative labour-agreement, averting a strike which would have aggravated intermodal backlogs at key Canadian ports like Vancouver, Montreal and Halifax.
- Bluff in search of a service
New Zealand’s South Island port of Bluff is desperately seeking new container customers, after last year’s trans-Tasman call withdrawal sliced operating revenue and profits, leaving expensive equipment under-utilised.
- CSBC will go private by the year-end
- Transnet to call for tenders for box terminal at Ngqura/Coega Port
- Maersk Mediterraean transatlantic services merging in May
- Security company brings Order to Russian rail-transits
- Efficiency and control drive NOL profits faster than revenue-growth
- Bangladesh Railway procures container-wagons in anti-congestion bid
- Russian rail-transport platforms could enter service in May
- Dongnama deploys two ships on KCS
- Korea enjoys digital/electronic trade surplus in January
- Virginia hails January growth as sign of Asian cargo-reorientation
- Hyundai shipyard twins take orders
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| FEBRUARY 14, 2005 |
- Not over yet for Stolt
US Department of Justice appeals judge's ruling that restored amnesty protection for Stolt-Nielsen and former exec Richard Wingfield.
- OMI shatters records
Connecticut owner records highest-ever profit for quarter, full year, as stock shoots above $20 in after-hours trading.
- Euronav grabs newbuilding
Belgian owner pairs with Wah Kwong Group for $70.5m outlay on Geden suezmax unit.
- DryShips snaps up bulker
Egon Oldendorff has offloaded a 1995-built ship to George Economou's expanding newly listed venture.
- CMB reaps $19m gain
Belgian owner confirms Bocimar subsidiary's sale of CMB Daisy.
- Congestion over for now
TACA group of boxship lines suspends surcharge at Los Angeles and Long Beach.
- OMI runs to two-month high
Tanker stock hits $19.50 on dividend boost ahead of late-day earnings report.
- V Ships teams with IMC
Shipmanagement joint venture sets sail from Singapore with 90 vessel fleet.
- NOL doubles profit
Singapore liner operator basks in higher rates and increased productivity from growing fleet.
- Taiwanese ship missing
Jui Pang general cargoship last heard from on 10 February off Hualien with 18 crew on board.
- Freak wave hits cruiseship
Passengers suffer minor injury as water knocks out communications, damages electrics and causes temporary loss of propulsion.
- Todd clinches ferry deal
US yard to build four large ro-paxes for Washington State Ferries.
- TTA starts strongly
Thai bulker owner’s first quarter profit soars on back of stronger market.
- Fesco sale scrapped
Russian property fund reconsidering disposal of its 20% stake in boxship company.
- OMI set for record
Raised dividend boosts expectation that US tanker owner is set to unveil spectacular profit.
- Drifting Diplomat restored
Ro-ro ferry with 105 people repaired after breaking down and drifting off southwest UK coast.
- Offen confirms Mipo deal
Hamburg owner confirms it lies behind latest South Korean containership orders.
- Aussies hold a dozen
Chartworld and Transmed capesize bulkers among twelve ships detained down under in January.
- Hanjin inks boxship trio
South Korean liner operator opts for three more 6,500-teu boxships at Hyundai Heavy Industries.
- Cape Flattery refloated
Pacific Basin handysize bulker finally pulled free after nine days aground on Hawaiian reef.
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| FEBRUARY 14, 2005 |
- "Excellent year" for liner boosts NOL's earnings to $943 million
- Maersk Sealand cuts Med/U.S./Canada capacity
- MarAd withdraws proposed cargo preference rulemaking
- TACA removes Los Angeles congestion surcharge
- Coast Guard refloats "Cape Flattery," investigates towboat sinking
- Hanjin orders another three 6,500-TEU ships
- Pulling heads Globe Air Cargo's U.K., Ireland operations
- Schenker appoints U.S. projects executive
- Gap to close distribution center
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| FEBRUARY 14, 2005 |
- Tax benefits for Norwegian owners
Norwegian owners will enjoy a tax reduction on around NOK 110 million this year and the tonnage tax will be ...
- Profit turnaround for B&N
In its last year-end report before the fusion with Gorthon Lines in the new company Transatlantic, Swedish B&N ...
- Former shipowner judged to pay EUR 21 million
The Swedish Supreme Court has sanctioned a verdict from the Court of Appeal against the former shipowner Vilgot Johansson, one ...
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