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| NOVEMBER 15, 2005 |
Shipping News
- Global group lauds S'pore's bunkering rules
THE International Bunker Industry Association has lauded Singapore's action to address recent problems in bunkering procedures and quality issues, saying that human factors and technology play a key role alongside rules and regulations.
- PSA box volume up 22% in 1st 10 months
PORT operator PSA International said yesterday that its terminals moved 22.1 per cent more containers in the first 10 months of 2005 than a year earlier, thanks to heavy trading activity between Asia and Europe and North America.
- Frontline profit drops for second straight quarter
FRONTLINE Ltd, the world's biggest oil-tanker company by capacity, posted its first back-to-back drop in quarterly earnings in three years, as the supply of ships grew faster than demand and freight rates declined.
- Hyundai Merchant's profit falls, first time in 3 quarters
- TNT, China Ocean Shipping to start logistics venture
- Daewoo upbeat despite Q3 profit dive
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| NOVEMBER 15, 2005 |
- Shenzhen Chiwan Wharf sees Q3 net profit rise 5pc
- Jiangsu ports handle more cargo
- CC Tung urges carriers to accept lower load factors to protect rates
- ACCC concerned over Toll takeover
- China Shipping expands operations in S Korea
- Globe Express expands LCL service
- Second private Chinese airline to be established in Sichuan
- Airbus to pay up over A380 delay fiasco
- Boeing settles sex-discrimination lawsuit
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| NOVEMBER 14, 2005 |
- Behrendt elected chairman of CP Ships board
- New 8,500 teu vessels for CMA CGM
- Swiss WorldCargo adds capacity through Air Canada cooperation
- ICF selling Optimodal to Kombiverkehr
- Private railways want to prevent DB acquisition of Bax Global
- Stonepath reports record revenue for Q3/2005
- Leuenberger and Stolpe want greater railway role
- Bison Transport adopting PeopleNet's onboard computing system
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| NOVEMBER 14, 2005 |
- Panama Canal "won’t be able to cope"
- Frontline sees profit decline
- Asian shippers applaud THC cut
- Purchase deal for Pride of Rotterdam
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- Gulfmark Offshore announces newbuild program
- USCG safety zone around holed D/H barge
- MSC orders two mega cruise ships
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| NOVEMBER 14, 2005 |
- Port of Seattle constructing new manufacturing center at Pier 91
- NASSCO launches latest Alaska-class oil tanker
- Standard and Poor's elevates Port of Seattle bond rating
- US, Canada agree on new Open Skies deal
- Matson plans increases for Hawaii service rates
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| NOVEMBER 15, 2005 |
- Frontline postpones stake sale
FRONTLINE, one of the world's largest tanker operator, is postponing the sale of its remaining stake in Ship Finance International due to the weaker market in shipping shares.
- Owners set for battle over piracy cover
SHIPOWNERS and London underwriters are set to cross swords in the biggest market battle yet over piracy insurance - and the end of a century of tradition.
- Southampton welcomes return of Maersk
SOUTHAMPTON will see the return of Maersk ships in early 2006 after an eight-year gap, writes Janet Porter.
- Norasia faces staff exodus after departure of Khan
NORASIA, the Hong Kong-based subsidiary of Chilean shipping group Compañía Sud Americana de Vapores, is facing an exodus of staff following the departure of Norasia chief executive Vikas Khan in June.
- Weak market for shipping shares causes Frontline to postpone Ship Finance sell-off
Frontline, one of the world’s largest tanker operators, is postponing the divestment of its remaining stake in Ship Finance International due to the weaker market in shipping shares.
- MSC signs €1bn cruiseship deal with Alstom
MSC Cruises has signed a contract worth more than €1bn ($1.17bn) with France’s Alstom Marine for the construction of two 1,650 cabin, 3,000-passenger vessels, billed as the biggest ever ordered by a European owner.
- Lloyd’s List online gets ABCE approval
WOULD YOU drive a car without an MOT? Fix a ship without an ISM certificate? Enter the US without ISPS compliance?
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| NOVEMBER 14, 2005 |
- Sovcomflot confirmed in Varandey bid
LUKoil, Russia's largest oil exporter, has agreed to Sovcomflot's bid to operate three ice-class tankers to carry crude oil from LUKoil's new Arctic terminal at Varandey
- Signs of revival at Alang yards
THE recent two-day National Stakeholder Consultation at Alang, in India's Gujarat province, has breathed fresh life into dying demolition yards
- Gulf spill clean-up after barge hit
SALVAGE operations are continuing after K-Sea Transportation’s tank barge DBL 152 struck debris en route from Houston to Tampa last week
- German owners welcome coalition
THE new german government under Chancellor Angela Merkel is expected to continue the shipping-benign policies of the previous government
- Italy tackles officer shortfall
- Wilhelmsen sells Bass to managers
- Portoflot responds to strike action
- Another B Navi vessel towed to safety
- Frontline's 4Q profit to match 3Q
- EasyCruise looks to new ships
- Lisin's St Petersburg bid unopposed
- Senegal ferry link restored
- Dry bulk slump hits Korea Line
- Boxship period deals return
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| NOVEMBER 14, 2005 |
- U.S. port investment policy needed
More public port investment needed to manage growing crush of containers in coming years, industry executives say.
- No port relief from expanded Panama Canal: Drewry
- Analyst: Lines should spread new capacity
- APL volumes up 12%
- CSCMP’s McIntyre to retire
- Pioneer NVO dies at 62
- Costs hit Hapag Lloyd profit
- Record months for Savannah
- "K" Line to use Interbox
- BAX bid on for Deutsche Bahn
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| NOVEMBER 14, 2005 |
- Maersk's new NZ services take shape
Maersk will operate two weekly strings from New Zealand to the crucial relay ports of Singapore and Tanjung Pelepas in the wake of its P&O Nedlloyd takeover.
- PetroLesPort waits to welcome new carriers
Throughput at St Petersburg’s PetroLesPort is still exploding, with 51.42% year-to-date growth, but the facility will not accept any new lines until upgrades are made, vows general manager Alexander Svetlichniy.
- Qingdao coup accelerates DP World’s growth
- Look west, Drewry tells US transport industry
- Container volumes between Japan and China exceed 2m TEU
- Vostochniy gateway opens wider after Trans-Sib troubles
- Kombiverkehr buys Optimodal as its Rotterdam foothold
- HMM sees healthy Q3 profits growth
- New report adds fuel to liner exemption debate
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| NOVEMBER 14, 2005 |
- Tight capacity ‘here to stay’
George Economou is telling investors that they can expect strong bulker markets through 2008.
- Eagle on the prowl
Eagle Bulk Shipping’s Sophocles Zoullas says he is negotiating to purchase more bulkers off-market.
- Rate boost for Stealthgas
Harry Vafias’ gas carrier venture benefits from strengthening Mediterranean market.
- Japan detains 23
Cheng Lie boxship among those on the October port state control list.
- Ship Finance in the money
Revived charter market boosts third quarter profitability but Frontline spin off is eyeing better prospects in the offshore market.
- Cruise giants for MSC
Italian cruise line throws Chantiers de l’Atlantique a lifeline with two 3,887 passenger newbuildings.
- Derecktor to lose out
State of Alaska looks unlikely to ink optional ferry contracts at US shipyard.
- HMM suffers setback
Korean container line records profit drop for first time in three quarters.
- Ship sales boost SSC
Singapore shipowner’s disposal of boxships gives it bigger first half profit.
- Costly quarter for Hanjin
Korean shipyard group in the red after paying higher prices for steel and other raw materials.
- Miller gets new chief
Peter Donnellan is named as the next chairman of top protection and indemnity club management company.
- Hamworthy back at Hyundai
UK firm to supply reliquefaction packages for Latsis VLGC newbuildings at South Korean yard.
- Prisco paints profitable picture
Russian tanker owner’s stronger third quarter boosts nine-month earnings 69% year-on-year.
- The $140m panamax
Samsung confirms how much Sovcomflot will have to pony up for its ice-class shuttle tankers.
- KLC profit slashed
Korean bulker and LNG player’s results won’t please second-biggest shareholder Golar LNG.
- RCL profits jump
Thai intra-Asian boxship operator makes more money in third quarter, but operating costs jump 20%.
- Frontline falters
Weaker rates dent third quarter performance at Fredriksen VLCC and suezmax tanker outfit.
- Repair lifts Asimar
Stock-listed Thai shipbuilder and repairer sees ten-fold increase in third quarter net profits.
- Bosses in share buyback
Top four directors at Courage Marine take advantage of falling share price to buyback stock.
- One over the eight?
Master of coaster that ran aground off Scotland due to appear in court after failing breath test.
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| NOVEMBER 14, 2005 |
- Regional Container Lines posts record 3rd quarter profit, revenue
- TACA's bunker rates unchanged
- P&I club issues warning on false chemical carriage data
- Damaged barge challenges Coast Guard off Louisiana
- U.S.-Canada open skies deal to benefit shippers
- IATA asks airports to ignore ACI plea
- Swiss WorldCargo increases India capacity
- Pacer Stacktrain names Beers executive VP sales
- Samuel Shapiro & Co. appoints Toomey Northeast sales director
- U.S., India set three-year trade goal in talks
- FDA posts revised compliance policy for food imports
- McIntyre retires as CSCMP COO
- ILA makes ethics code permanent, hires appellate officer
- ICTSI's 3rd quarter net income up 14%
- ECT ups stake in Duisburger trimodal terminal
- Port Everglades gains high Florida security rating
- Jurong Port throughput up 37.3%
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| NOVEMBER 14, 2005 |
- Pirates further off the Somalian coast
A Pakistani 16,199-gt dry cargo ship became the fifth vessel in four days to be attacked by pirates off ...
- LPG-collision still under investigation
The collision last week in Venezuelan waters between the German controlled bulk carrier "Pequht" and the A.P. Møller-Mærsk owned ...
- Five operators will bid on Spodsbjerg–Taars
Sund & Belt Holding A/S, the state owned bridge operating company, has received interest from five ferry operators to take ...
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| NOVEMBER 14, 2005 |
- Chemoil faces supply issues in Colombia
Quality of bunkering service improving in Colombia but supply problems have participants worried.
- Fuel oil spill in US Gulf
Barge leaking No.6 fuel oil after collision with debris between Houston and Tampa.
- Analysts predict freight rate drop next year
Analysts are forecasting the first freight rate drop in five years for Asian shipping lines as ship supply next year and beyond could outpace demand.
- Nigerian MARPOL workshop reveals slow progress
The huge financial implications involved in implementing the convention has hampered Nigeria's progress in adopting MARPOL, official says.
- ARA market busy and firming
- Big impact predicted from Dubai commodity exchanges
Dubai trade in crude oil and marine fuel futures will boost region's refining, trading and bunkering activities, possibly at Singapore's expense, experts predict.
- BP targets stake in Indian refinery
BP will be signing MOU with Hindustan Petroleum to acquire stake in one of the Indian state-run company's new oil refineries.
- New Zealand refinery reduces sulphur in diesel fuel
There are many benefits of using low sulphur diesel in the ship's engine, but Maritime New Zealand warns shipowners to be on the lookout for fuel leaks.
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