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| SEPTEMBER 15, 2005 |
Shipping News
- China ports prepare for IPO spree, fuelled by export boom
CHINESE container port operators, preparing IPOs to fund expansion, hope China's export-driven growth story overcomes market concerns about overcapacity and a global shipping cycle that is past its peak.
- Offshore production vessel bound for Nigeria
ONE of the world's largest offshore oil and gas production vessels will soon depart Singapore bound for Nigeria's rich offshore petroleum fields following completion of the final portion of the project by SembCorp Industries subsidiaries, SMOE and Sembawang Shipyard.
- China imports seen boosting shipping rates
THE cost of shipping commodities such as iron ore, coal and crude oil is poised to rise through the rest of this year as Chinese steel mills and refineries increase imports, shipbroker Lorentzen & Stemoco said.
- PSA moves 18.4% more boxes globally
- 3 shipping lines to start serving China-ME route
- Bergesen in talks to lease 2 LNG tankers to Suez
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| SEPTEMBER 15, 2005 |
- Chinese textiles to be released from European ports
- Shanghai's container throughput soars to new highs
- Target opens bonded warehouse in Shenzhen
- China posts trade surplus in August
- Geodis H1 net profit plummets 42pc
- Modern Terminals orders 27 new cranes
- Evergreen, Port of Tacoma switch to environmentally friendly diesel
- HK sees second record month of air growth
- FedEx orders six A300-600s
- US, Thailand sign Open Skies agreement
- Delta resumes service to home of Jazz
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| SEPTEMBER 15, 2005 |
- Shipping industry going through unprecedented times-OOIL chairman
- TACA members to hike fuel levies for shipments to/from US
- Spate of new tankers drags down crude freight rates
- Oil tanker rates set to rise on Oct. shipments
- Fieo’s awareness programme on ‘Exports for Beginners’
- JNPT, NHAI holding talks with transporters to avert stir
- Port of New Orleans reopens to limited commercial cargo
- NHAI signs MoU on road link to Haldia Dock Complex
- Railways may ride diesel price hike impact
- Freight discounts on empty rail routes under study
- Services of even non-AAI airports liable to tax
- Surge in costly oil imports widens trade deficit by a whopping 79 pc in April-Aug.
- Trade & industry told to furnish more data to justify increased abatement of excise duty, service tax
- Move for integrated regulators for transport, power sectors
- Department of Posts may provide warehousing services too
- CII to hold seminar on exports on Sept. 22
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| SEPTEMBER 14, 2005 |
- New director of French transportation authority
- Port of Aarhus continues to grow
- Budapest still plans to privatise
- Pietro Barbaro to enter Russia river shipping sector
- Schneider Logistics renews McCormick contract
- UK fuel costs at critical level
- OOCL adds useful features to Taiwan website
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| SEPTEMBER 14, 2005 |
- AAPA praises Katrina response
- Owners split over minimum manning review
- African Pride crew given bail
- Asian trio launch new China-ME service
- Bulker evacuation scare off Scotland
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| SEPTEMBER 14, 2005 |
- AMO officials indicted on racketeering counts
- USCG speeds post-Katrina merchant mariner documentation
- GAO report notes state action on ballast water
- California cruise traffic soars
- Navy moves to protect ships against terrorists
- BC Ferries buys ferry from Utah
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| SEPTEMBER 14, 2005 |
- Homeland Security Department sets new round of PSGP grants
- Matson set to raise fuel surcharge in October
- Seattle-based cutter arrives at North Pole
- Seattle port board calls for voters to reject Initiative 912
- Maritime Administration releases latest U.S. cruise industry figures
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| SEPTEMBER 15, 2005 |
- Cheap Fredriksen charter deal fuels container rate slide fears
NORWEGIAN shipping mogul John Fredriksen has fixed his second containership at a rate that provides further evidence of a sinking market. The 1,740 teu Sea Beta has been chartered for four to six months at a reported $24,000 a day.
- London P&I Club in lift safety warning
A PROMINENT liability insurer has reminded shipowners to follow strict safety and maintenance procedures for onboard elevators after a serious accident when a crewmember fell down a lift shaft, writes Janet Porter.
- ‘Greedy’ shipyards priced out of market
PROFITEERING shipyards are shooting themselves in the foot by demanding unrealistic prices to assuage current losses, Gulf Energy Maritime said yesterday.
- US plumps for Jones Act waiver extension
MAJORITY opinion in the US shipping industry is happy to see the Jones Act waiver ride as long as necessary to facilitate post-Katrina reconstruction, a leading industry figure has argued.
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| SEPTEMBER 14, 2005 |
- US longshore leader pleads guilty
ONE of three senior longshoremen set to stand trial next week on corruption charges has pleaded guilty in a Brooklyn federal court
- Jordan secures US wheat contract
JORDAN has secured a $10M soft term US loan to purchase 54,000 tonnes of American wheat
- EU ultimatum for Turkey
THE EU says it expects Turkey to recognise the Republic of Cyprus or find its application for EU membership blocked
- MarAd confirms cruise slowdown
CRUISE statistics compiled by the US Maritime Administration confirm that the frenetic double-digit growth of the past has now abated
- Bulker crew hit by food poisoning
A stomach illness that hit several of the seafarers on the aggregates carrier Yeoman Bridge has forced the ship to put into Stornoway, northwest of the Scottish mainland
- Ballast bugs still a threat: report
INVASIVE species from ballast water exchanges continue to threaten US waters, according to a federal study released last week
- Torm figures storm ahead
- Safety roles cleared in Philippines
- Unions seek Scandlines sale block
- Concern over US security funding
- Migrant Watch: US/Caribbean
- African navies agree on security
- MOL to train more Indian seafarers
- DB's stake in Scandlines for sale
- EnCana sells Ecuador oil assets
- Transpetro strike threatened
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| SEPTEMBER 14, 2005 |
- Hurricane slows along Carolina coast
Ophelia pelting North Carolina coastline with heavy rain and wind; slow-moving storm may not make landfall for two days.
- Photos: Port of New Orleans
- Coscon, "K" Line, Hanjin launch S. China-Mid-East service
- Bush: U.S. ready to drop all trade barriers
- Customs delays implementation of wood packaging rules
- TSA names former UPS exec as deputy administrator
- BNSF testing 'green' locomotive for So. Cal.
- Coffey leads Tacoma East Coast sales
- Georgia ports aid Gulf workers
- Sinotrans parent plans IPO: Report
- Yellow Roadway plans stock buyback
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| SEPTEMBER 14, 2005 |
- Previous overbooking increasingly prompting re-lets, say brokers
The charter market may be suffering from an overhang of over-estimation and over-booking, leading to the current lack of fixing activity, while re-lets are becoming more common.
- Strike averted but ‘bleak financial situation’ sparks Toronto trucker talks
A threatened work stoppage by truckers serving Toronto’s intermodal terminals appears to have been averted, at least for the moment, following talks involving key stakeholders yesterday.
- Fuel price prompts road-protests in Bangladesh
- Russian government confirms Fesco foreign placement under discussion
- Dachan Bay Phase I construction under way
- China working on narrowing trade deficit with US
- Hanjin, Cosco, K Line launch joint service
- DBL to launch second Japan/China service
- North Carolina State ports closed for Ophelia
- Korea calls for co-operation with Singapore
- Port of Tacoma fills East Coast rep role
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| SEPTEMBER 14, 2005 |
- McKay pleads not guilty
US prosecutors are accusing the head of the American Maritime Officers (AMO) and three others of embezzlement, election rigging and fraud.
- St Tropez sold off
V.Ships takes a punt on gaming cruiseship at auction in US.
- Torm to bank Katrina profit
Freight rate surge after US storm to add $25m to Danish tanker owner’s 2005 pre-tax figure.
- USCG resumes HQ
The US Coast Guard is re-establishing its New Orleans HQ while an Army Corps of Engineers maritime leader resumes normal duties.
- Trio launch Middle East run
Coscon, K Line and Hanjin to operate four ships from South China in October.
- Shun Tak slips
Revenues and profits dip for Hong Kong owner’s fast ferries in first half.
- Sick crew taken from bulker
Doctor treats rest of crew for suspected food poisoning on V.Ships vessel off Scotland.
- Farstad sells again
Norwegian owner pockets another ship-sale gain in deal with Sartor Shipping.
- Bourbon builds profit
French bulker and offshore vessel owner targeting expansion as money rolls in.
- Teekay adds half
Aframax giant ups quarterly dividend by 51% following LNG Partners share offering.
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| SEPTEMBER 14, 2005 |
- CP Ships adds Tacoma call to transpacific loop
- Alliance partners start Asia/Middle East service
- Torm upgrades profit expectations
- International Shipholding sets up alternative offices
- Alitalia posts $150 million first half net loss
- Air cargo vet Palmer starts consulting firm
- Delta resumes service to New Orleans
- Abu Dhabi to withdraw shareholding in Gulf Air
- KCS, TMM settle dispute with Mexican government
- Power2Ship, ShipLogix sign referral partner pact
- FMC reviews 14 OTI applications, revokes 4 licenses
- Constitutionality of NAFTA dispute settlement system challenged
- EU trade chief preaches unity for successful Doha Round
- U.S. importers warned to comply with wood packaging treatments
- Management Dynamics releases latest version of "Rate Explorer" software
- Provia lands Blockbuster contract
- Ports to receive $142 million for security from DHS
- North Carolina ports shut down for Hurricane Ophelia
- Port of Tacoma hires East Coast sales manager
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| SEPTEMBER 14, 2005 |
- Gratis Greek ferry in hurricane relief
Greek Anek Lines has offered at no cost one of their ferries as a part of a Greek relief package ...
- Traffic to New Orleans is picking up
Commercial shipping began working the Port of New Orleans this week, two weeks after the devastation left by the Hurricane ...
- Shtokman shortlist ready on Friday
A short list of potential partners on the huge Shtokman natural gas field in the Barents Sea will be published ...
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| SEPTEMBER 14, 2005 |
- Ophelia closes Carolina, Virginia ports
Ports Wilmington and Norfolk close until further notice as hurricane threatens US East Coast.
- DOE & API: US oil market still reeling from Katrina
Oil prices rebound after stocks of crude and distillates drop, but reports show surprise recovery in gasoline inventories as Americans balk at high prices.
- EU Directive looks to IMO for sampling guidelines
The EU Marine Sulphur Directive requires sampling, analysis and inspection to ensure compliance with sulphur limits, but individual Members States are free to choose how.
- Marine lubes worst hit by base oil price rises
Heavy dependency on bright stock has meant that the marine lubricants industry has been hit hardest by recent rises in base oil prices.
- Island Oil absorbs another bunkering company
Greek bunker broker company joins Island Oil Hellas this week.
- Rotterdam barge bids catching up with offers
- Bunker surcharge to increase on Mid-East route
Bunker surcharge for feeder lines operating vessels between Middle East and subcontinent will increase from tomorrow.
- Cargo lines raise bunker surcharge
Trans-Atlantic cargo lines has announced an increase in bunker surcharges for shipments to and from the US.
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