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| JUNE 16, 2005 |
Shipping News
- Work together to raise terminal capacity: NOL
THERE is an urgent need for the container industry to shoulder more of the responsibility in making the case for additional container handling capacity in the Western region, according to Neptune Orient Lines .
- Greater links with China
CHINA is Singapore's top investment destination, and one of its top trading partners.
- Keppel Batangas delivers tugboat
KEPPEL Philippines Marine announced that it has completed delivery of the most advanced tugboat built by its Batangas shipyard.
- Capital Maritime seeks to raise US$267m in IPO
- Pirates raid second tanker at Iraq terminal
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| JUNE 16, 2005 |
- Hanjin launches new Asia-Europe services
- Guangxi receives 1st batch of tariff free goods from HK
- PSS to be imposed on shipments bound for West Africa
- First China made Taiwanese newbuild sets sail from Shanghai
- Port development delays in Europe cause congestion, study reveals
- MISC wants to build its box business with partner
- Shanghai Airlines starts Hong Kong cargo services
- AirAsia ready to operate domestically in Malaysia, report says
- Korean Air chooses fuel saving engines for new A380 planes
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| JUNE 16, 2005 |
- MSC’s Tiger Service’s 1st vessel, MSC Switzerland, docks at NSICT
- New ship prices on the decline, says Clarkson
- Asia Pacific Maritime & Inmex Malaysia to collaborate on expos
- Curtain goes up on major maritime event today
- Campco to export arecanut to Pakistan
- Iron ore exporters await Dragon’s return
- Sethusamudram project now well on course
- Latin Oceanic Line, Leemik launch freight forwarding & logistics service ex JNP
- SPS enquiry points being finalised to facilitate increased global trade
- States get free hand to import 13.25 m tonnes of coal
- Software for e-filing of excise, service taxes may be developed by fiscal-end
- EOUs/SEZs told to register with Spices Board
- Exporters face cap on borrowings abroad, higher rates
- Exports post record 22 pc growth in May
- Meet on supporting SMEs for Global Competitiveness today
- New Chief of Customs, Excise Settlement panel
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| JUNE 15, 2005 |
- Feport president attacks ports directive at Euro parliament
- Baltic Exchange honours John Prescott
- Camillo Eitzen buys OBO and chemical tanker
- More large ships using Panama Canal
- Gib terminal passes 1m passenger milestone
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| JUNE 15, 2005 |
- Boeing signs Teekay as launch customer for maritime communications service
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| JUNE 15, 2005 |
- Senate Appropriations Committee Oks $15 million for Columbia Channel
- Coast Guard inks report on foreign-flag vessel security
- Washington Governor Gregoire on trade mission to Europe
- Panama Canal sets record for transits by large vessels
- Excel Maritime sells oldest vessel in fleet
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| JUNE 16, 2005 |
- Frontline back on takeover trail
Frontline is returning to the takeover trail with an intriguing plan to bid for Bergshav Shipholding, the Norwegian shipping group.
- Teekay order gives boost to Connexion
TEEKAY Shipping has given a huge lift to the ambitions of Connexion by Boeing by awarding a 50-ship contract for the newcomer’s high-bandwidth maritime communications package.
- BP names partners for Tangguh LNG newbuildings
Three consortia have been selected to supply seven liquefied natural gas carriers to the BP-led Tangguh project in Indonesia.
- Grimaldi closes in on Sea Malta deal
THE government of Malta is now understood to be finalising the sale of national shipping company Sea Malta to Grimaldi Group of Naples.
- Box charter rate index dips at last
Howe Robinson’s weekly index measuring containership charter rates, one of the main industry benchmarks, yesterday recorded its first drop since December 2003.
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| JUNE 15, 2005 |
- Passengers sue NCL
PASSENGERS have now filed a $100M lawsuit against Norwegian Cruise Line, accusing the operator of risking their lives to accommodate a TV schedule
- EC to compromise on port services
THE European Commission has signalled its willingness to compromise over the controversial Port Services Directive
- Stena ferry fire threat
A SMOULDERING cable was found in the emergency generator room of Stena Saga, a ferry that operates between Oslo, Norway, and Fredrikshavn, Denmark, yesterday
- Congestion until at least 2008
CONGESTION at major North European container terminals is expected to continue until at least 2008, according to Martin Illmer of Erasmus University in Rotterdam
- Teekay signs Connexion deal
CONNEXION by Boeing, the new broadband VSAT communication service, was launched today with the signing of an agreement with Teekay
- Bankers seek Russian mandates
THREE major investment banks are seeking mandates to advise on what is seen as the biggest and most controversial deal in Russian shipping history
- Brokers trigger stock market panic
- Euronav issues for Tanklog
- Worldwide energy demand growth
- Yard capacity causing congestion
- Mumbai opposes cruise push
- Indian coal stocks at crisis levels
- Computer bug delays cruise ships
- Truck shortage threat to LA/LB
- India protests at pipeline threat
- Half-full westbound on the Pacific
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| JUNE 15, 2005 |
- PierPass: Avoid the last-minute rush
Terminals urging importers and exporters to sign up for the extended-gates program at LA-Long Beach prior to program's launch in July.
- Portland box slide continues
- Va. ups port security
- UN: Free trade essential
- Supply chain links 'maturing'
- Upgrade Canada security: Report
- STB rules for Matson, Horizon
- NS ties free time to IM service
- Delays trip Euro box plans: Study
- PSA boosting Antwerp capacity
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| JUNE 15, 2005 |
- Speakers optimistic over peak season in southern California
Industry experts yesterday expressed optimism that last year’s peak season congestion in southern California would not be repeated, although there could be some delays.
- Self-handling too hot for European lawmakers to handle?
Self-handling may be excluded from the ports services directive, the European Parliament’s rapporteur on the directive indicated in his conclusions to a public hearing yesterday.
- Brokers: first apparent falls in charter rates likely to be short falls
- Port Everglades approve S.American specialist as new terminal operator
- ICF boosts capacity between Rotterdam and Switzerland
- Sinotrans to launch services calling Gwangyang
- Hyundai-led consortium to build four berths at Busan New Port
- Northport: ready for free container storage time reduction
- Official predicts significant growth in Chinese ports
- Hanjin to deploy its largest containerships on transpacific trade
- P&O releases IFRS effects on results
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| JUNE 15, 2005 |
- Jefferies reforms IPO vetting
Sinders will require top-level handling of investigator's background checks, saying junior Jefferies man dropped ball on "problems with Harry" in Aries probe.
- Great Eastern sells aframax
India's Great Eastern Shipping is getting only $18.5m for the 97,000-dwt Jag Laila (built 1987).
- Meanwhile in New York....
Tor Olav Troim mixes it up with General Maritime, equity analysts over the merger that didn't happen.
- SSY adds Asia research arm
Louisa Follis heads back east to launch bulk shipping research team from Singapore office.
- Fredriksen in for a fight
'I control the company for all practical purposes,' says Norwegian takeover target Atle Bergshaven.
- Grimaldi moves on Sea Malta
Malta looks set to sell its two ro-ro state line to a competitor but continue paying it operational subsidies anyhow.
- Frontline gunning for Bergshav
John Fredriksen's Frontline is buying a 60% share in Norway's Bergshav for $50m and means to buy the rest.
- Euronav to hand over shares
Brussels-listed tanker owner to issue $11m in new stock to help pay for Tanklog fleet.
- All change again at Hellenic
Leaked memo reveals another shake-up as latest management team lasts just three months.
- Western India scotches takeover talk
India’s biggest shiprepairer denies rumours of bid from construction group Larsen & Toubro.
- CECO scores bullseye
Company raises maximum amount in first-ever bond issue as offering oversubscribed.
- Gotland gets better
Swedish tanker and ferry owner builds annual profit in stronger markets.
- MOL deep-sixes eight
Japanese giant to wind up octet of virtually dormant subsidiaries this year.
- NCL faces "Apprentice" lawsuit
Passengers from Norwegian Dawn voyage struck by wave file $100m suit against cruise line.
- Aponte in billion-euro order
MSC Crociere has signed a letter of intent to build two 1,660-cabin cruiseships at Chantiers de l'Atlantique.
- Arpeni launches IPO
Indonesian owner officially launches initial public offering aimed at funding fleet expansion.
- Pakistan waives scrap tax
New budget will remove 4% levy on shipbreaking activities.
- CECO exercises OBO option
And confirms Sutra Empat purchase at just shy of $10m.
- RTF makes cool million
Latvian reefer owner pushes up profits in first quarter as demand for vessels increased.
- Chong buys more Vita shares
Links Island Holdings founder takes another nibble of Singapore shipowner and property group.
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| JUNE 15, 2005 |
- World Shipping Council adds new staff members
- Air France starts Detroit/Paris flights
- Panalpina assigns logistics pro to North America HQ
- Envirotainer names Taiwanese agency
- Appeals court allows antitrust count in Gosselin-Pasha case
- Meridian IQ outsources contract compliance to Descartes
- BDP, GENCO partner to offer more logistics services
- GAO praises anti-piracy work, but enforcement concerns linger
- Senate Finance leaders diverge on CAFTA
- Bush nominates Schwartz to head U.S. Transportation Command
- Georgia Tech study shows broken links imperil supply chains
- AMTAC endorses Senate manufacturing caucus
- DAS appoints Long, Thiem
- Houston pilots clarify rules on hulls
- Panama Canal sets record transits in May
- Long Beach traffic up 20.7% in May
- Florida International Terminals wins Port Everglades terminal lease
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| JUNE 15, 2005 |
- Bo Lerenius honoured in the UK
Bo Lerenius, group chief executive of Association British Ports Holdings has been made Honorary Commander of the Most Excellent Order ...
- Record numbers visited Nor-Shipping
Nor-Shipping had a record number of visitor and exhibitors this year and the EC director for maritime and inland ...
- "Stena Saga" leaves service after cable fire
The Stena Line ferry "Stena Saga" has been taken out of service after a cable fire in the emergency generator ...
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| JUNE 15, 2005 |
- Enquiry frequency dwindling in Houston
Limited demand reported in Houston as shipowners hold back and summer months begin.
- DOE & API at a glance: Latest US inventory figures
Government figures reveal lower crude stocks as refineries boost production, achieving build in distillate inventories.
- More OPEC oil fails to impress market
Oil prices continued firm Wednesday as the market mulled a potential supply squeeze later in the year.
- Lubricants: Base oil prices increase again in the US
ExxonMobil announced markups for all grades on Monday, triggering the third round of general increases since late February.
- SMP: LSFO supply strategy a major challenge
How do you plan your low sulphur fuel oil supply strategy when demand patterns are still an unknown quantity? And just how much will LSFO prices rise when demand grows with the introduction of SECAs?
- Rotterdam market stays firm
- China: Cargo arrivals may not soften bunker prices
Large amounts of fuel oil cargoes flowing into South China's Huangpu port may not necessarily bring bunker prices down, traders said.
- Dubai promotes futures exchange idea to Petronas
The Dubai Mercantile Exchange is promoting the idea of participating in West Asia's first energy futures exchange to Petronas and other major regional oil producers.
- Pirates seized onboard Malaysian tanker
A Malaysian tanker, which was carrying diesel from Port Klang, became the scene of a stand-off between heavily armed pirates and marine police in the Malacca Strait.
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