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| FEBRUARY 17, 2005 |
Shipping News
- Dubai Ports Int'l inks US$500m India deal
DUBAI Ports International has finally sealed the deal with India's Kochi Port Trust to construct, develop and operate the US$500 million container transhipment terminal at Vallarpadam after being awarded the tender nearly a year ago.
- New York cruise terminals to get a makeover
THE cruise business is growing in some of the big cities, and New York is one of them.
- Hong Kong's Jan container traffic rises 7.8%
HUTCHISON Whampoa Ltd, Cosco Pacific Ltd and other operators of Hong Kong's port handled 7.8 per cent more containers in January as shipments of Chinese-made goods to US, Europe and Japan increased.
- Long-term deals drive up UK port's profits
- Ship scrap prices rise to a record in Bangladesh
- Crew thwart robbery bid by knife-wielding pirates
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| FEBRUARY 17, 2005 |
- Box business boosts NYK's revenues in first 9 months of FY2004
- Orders to boost world fleet by near 4m TEU
- Security experts warn of vulnerabilities to US rail system
- PSA container volumes grow 14.2pc in January
- IMC, V.Ships agree to form JV in Asia
- Boston posts double digit increases in 2004
- Orders bolster Boeing's 2004 earnings
- Emirates, SAS add extra service
- Sri Lankan Airlines names new manager for S India
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| FEBRUARY 17, 2005 |
- CSAV Group Agencies (India) Pvt. Ltd becomes part of growing CSAV Group’s presence worldwide
- National Maritime Foundation to serve as focal point for research
- ACL starting Mumbai-Karachi direct feeder service today
- Gems & jewellery add sparkle to export figures
- Dumping probe initiated into import of pentaerythritol from China, Sweden
- IMC interactive meeting with Austrian trade mission on Feb. 21
- Oil imports widen trade gap during April-January
- Kandla Port Trust may hand over 2 berths to private parties for CT conversion in a month—Janardhana Rao
- Customs duty payment prerequisite for moving petro-goods from ports to inland warehouses
- DPI signs pact with CoPT for Vallarpadam ICTT development
- CONCOR may well close 2004-05 with a haul of 1.8 m TEUs
- Maharashtra to amend industrial policy 2001 to attract investors
- Palm oils BCD hiked, but tariff values pruned
- MoF clears Rs 290-cr. capital subsidy scheme for leather sector
- India-Lanka groups on trade to submit report by June
- Icrier study puts total EPZs in world at over 3,000
- India against new category of advanced developing nations in WTO
- Cloves importers seek duty on par with other spices
- Kamal Nath to inaugurate seminar on iprs today
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| FEBRUARY 16, 2005 |
- Crude edges down on bearish US oil data
Crude prices edge lower on the back of unexpectedly large builds in US stocks of crude and gasoline after earlier rally on Iranian explosion.
- Sinopec: 'We're not in talks over Shanghai fuel oil terminal'
Chinese oil giant denies it will enter into a joint venture with Titan Petrochemicals Corp. for construction of a fuel oil storage facility near Shanghai, China.
- DOE & API: Latest US oil inventory figures
- Protestors disrupt IPE trading as Kyoto comes into force
Oil futures trading on the floor of the IPE in London was disrupted today by environmental protestors who chose to remind the oil industry of the harmful effects of burning hydrocarbons on the day the Kyoto Protocol comes into force.
- Petrojam/FAMM alliance severed prior to Aegean's arrival
Petrojam group's decision to sell fuel oil to Aegean Marine Petroleum for bunker fuel delivery 'off port' Jamaica described by local supplier and refiner a part of core strategy.
- Saudi posted prices move up
- US DESC extends several contracts in Belgium
- Surveyor has licence reinstated after acquittal
The Maritime and Port Authority of Singapore (MPA) has confirmed that Vigneson Subramaniam has had his bunker surveyor's licence renewed after he was acquitted of all corruption charges leveled against him by the CPIB.
- Titan to pay first dividend since listing after profits surge
Oil services company is to pay its first dividend since listing in 1998, on robust oil demand growth and favourable tanker rates.
- US DESC extends Bulgarian bunker purchasing program
US Defense bunker procurement arm extends its purchase contract in Bulgaria.
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| FEBRUARY 16, 2005 |
- Port of Dunkirk updates website
- Kögel demands 48 t trucks to prevent traffic congestion
- Gist won and renewed logistics contracts
- Germany: Elbe ports maintain growth course
- SAS Cargo changes flight numbers ex Amsterdam
- Port of Oakland receives support for 50-foot dredging project
- ICTSI appoints country's first female port equipment operator
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| FEBRUARY 16, 2005 |
- Bouchard orders two more OPA 90 barges from Bollinger
- Two stroke power for mega tug
- Wachtel takes over key NY Waterway routes
- Response plans for nontank vessels
- Maritrans benefits from strong spot market
- Van Dyck steps down as Maritrans Chairman
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| FEBRUARY 16, 2005 |
- Port of Vancouver, USA manager named president of NWMTA
- Investigators look for source of Puget Sound oil spill
- Port of Tacoma publishes intermodal system brochure
- Vancouver, BC Port Authority moving on Deltaport berth project
- Cargill plans to buy Italian grain company
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| FEBRUARY 17, 2005 |
- Dibden Bay costs hit ABP profits
LEADING UK port operator posts 3% growth in operating profit, but writes off £44.9m in costs for the failed Dibden Bay container terminal.
- Brussels takes stride towards launch of Euro-coastguard
A EUROPEAN Union coastguard is closer to being launched following yesterday’s closed-door negotiations in Brussels.
- Workers can claim for asbestos anxiety says judge
HUNDREDS of former engineering officers and shipyard workers will now be able to get compensation from insurers because of the anxiety resulting from asbestos-related lung damage, following a landmark court ruling this week.
- P&I clubs to unite against poor quality
SHIPOWNER protection and indemnity mutuals are ready to play an enhanced role in warding off substandard shipping, Alistair Groom, chairman of the International Group of P&I Clubs, has confirmed.
- Yemen to realise LNG global supplier status at last
YEMEN’s long-held dream of becoming a supplier of liquefied natural gas looked set to become a reality yesterday after the signing of long-term deals for the export of more than 6m tonnes a year.
- Qatar fires off tender for 12 gas carriers
QATAR’s eagerly awaited tender for 12 liquefied natural gas carriers has been triggered, in what could become the largest shipbuilding order ever placed, writes Tony Gray.
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| FEBRUARY 16, 2005 |
- Passengers to sue after storm
PASSENGERS from the Voyager cruise ship have threatened to take legal action against the vessel's captain for steering the ship into a heavy storm
- Twelve injured in HK collision
AT least 12 people were injured when a cargo ship and a high-speed passenger ferry collided in Hong Kong waters this morning with a Chinese registered cargo ship
- SembCorp Marine chairman Wong dead
CHAIRMAN of Singapore listed SembCorp Marine, Wong Kok Siew, 58, passed away yesterday
- MSC Al Amine aground off Tunisia
MSC AL Amine, an 11,450dwt general cargo ship owned and operated by Mediterranean Shipping Co (MSC), hit rocks off Tunisia last night, spilling a quantity of bunker fuel
- Port congestion critical, says BMT
GLOBAL port congestion is resulting in demurrage costs running into hundreds of millions of dollars a day, according to British Maritime Technology’s Russell Smith
- Bullish ABP posts positive results
THE UK’s largest port operator, Associated British Ports (ABP), today announced that it made a pre-tax profit of £83M ($156M) in 2004
- Oil port at Murmansk unlikely
- Maritrans’ profits fall
- Feeder link between India, Pakistan
- US oil spill plan requirement
- Strong market aids Green Reefers
- European cruise ports enjoy growth
- First step at Vallarpadam
- Tacoma wins EPA award and grant
- Ghost disposal continues
- Singapore subsidiary for Mercator
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| FEBRUARY 16, 2005 |
- On Canal, times down but tonnage up
Average transit time decreased in the first fiscal quarter amid increased flow of larger vessels.
- Lines agree to cut Vancouver imports
- Chertoff takes Homeland Security reins
- DHL plans major East Coast distribution hub
- U.S., Bangladesh agree to trade pact
- P&O Nedlloyd, CMA CGM add direct U.S.-LatAm service
- Iron ore, coal rates top mark
- Earnings sink for British ports operator
- Cochin terminal project launched
- DOT creates tech, hazmat agencies
- Asia bloc sets trade talks with Australia, New Zealand
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| FEBRUARY 16, 2005 |
- Charter market highs hit operations
Charter-activity is reviving after Chinese New Year, and the average cost of chartering containerships has increased by 1.2% in the last week alone, but the pressure is telling on operators.
- ABP sees core UK business rise 3%, and looks forward to new project boosts
- New service links up GSL, Hamburg Sud and Chinese twins
- Wacker-Chemie accepts dedicated rail-shuttle offer to leave private rail
- Anti-terrorism tsar Chertoff sworn in
- Trans-Siberian route breaks Soviet container record
- Gujarat ports boost Concor throughput
- China Merchants facilities outpace Shenzhen and Shanghai averages
- Continued growth for Shanghai trade volume
- DPI marches into Vallarpadam
- CSAV Group boosts India strategy with own agency operations
- Korean shipyards deliver newbuilds
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| FEBRUARY 16, 2005 |
- Genmar gets downgrade
Analyst cites shares run-up, valuation decline in single-hull tankers.
- Vafias sells BBT stake
Harry slips into the shadows as Middle Eastern interests snap up most of shareholding in Australian venture.
- Grounded boxship leaks fuel
Clean-up of oil spill begins after MSC containership hits beach off Tunisia.
- Euronav jumps on loan wagon
Wholescale refinancing will cut borrowing costs and provide fresh money for recent purchases.
- India mulls cabotage change
Shipping ministry wants to open up coastal trades to competition – if neighbours follow suit.
- Seaboni latest Excel buy
US-listed owner confirms $30m price tag for Thenamaris bulker.
- NATS back on Wall Street
Expanding tanker owner prepares second major US equity issue in four months.
- SNC swaps debt again
Constanta yard issues shares to state creditor as it cuts borrowings.
- Profit jump for Green Reefers
Bergen-based owner cashes in on 20% increase in freight rates, and reversal of crisis depreciation policy.
- Yard workers in asbestos win
Former British Shipbuilders employees among winners in court case on pleural plaques but payouts cut.
- Record for Euronav
Belgian VLCC owner pockets proceeds of huge fourth quarter tanker boom.
- Maritrans misses the boat
US tanker owner’s rising costs wiped out effects of booming tanker market in 2004.
- Aker Yards touts for business
Norwegian group needs new cruiseship and ferry orders to fill yard capacity as profits drop.
- Odfjell issues Norwegian bonds
Chemical tanker operator will pay 110 bps over Nibor for first tranche of note offering.
- Pirates thwarted
Sharp-eyed chief officer and bosun prevent robbers boarding general cargo ship in Indonesia.
- Big three boost Immaj
Signing of seafarer labour agreement trebles membership of Japanese owners pay negotiation organisation.
- Fidelity in Stolt
US investment giant has taken 10% stake in shares of Stolt-Nielsen.
- Japan off to slow start
Official figures show newbuilding orders in January slip to their lowest level in three years.
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| FEBRUARY 16, 2005 |
- Pacific carriers see no end to West Coast port, rail congestion
- Carriers form transpacific VSA
- GCL starts U.S.-flag vessel service
- CSAV Group opens India agency
- Hyundai targets India, Vietnam
- Crowley Liner Services promotes Clapp
- United to start non-stop Chicago/Munich service
- COAC establishes infrastructure subcommittee
- Expeditors lifts 4th-quarter earnings
- FMC reviews 14 OTI license applications
- SEKO opens Spokane office
- COAC says new C-TPAT standards need more work
- COAC, DHS struggle to quantify benefits of cargo security programs
- Dezenski helps stabilize DHS border security division
- Chertoff wins unanimous Senate approval
- USDA announces $125 million for Food for Progress program
- Crowley Logistics promotes Artiga
- COAC looks for regional meeting venue
- Los Angeles' box volume down 4% in January
- Environmental review for Vancouver Port Authority expansion project
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| FEBRUARY 16, 2005 |
- Sweden and Finland presents super ice-breaker
The Winter Navigation Research Board has published a report containing a concept study of a new mega ice-breaker capable ...
- Bryggen Shipping continues expansion
Bryggen Shipping & Trading in Bergen has bought another two tankers. The first, a chemical/product tanker of 13,000 DWT, built ...
- Norway sells 100 million Statoil shares
The Norwegian Government has decided to sell 100 million shares in Statoil worth around NOK 10.7 billion (EUR 1.27 billion ...
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