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| NOVEMBER 17, 2005 |
Shipping News
- South Korean shipyards' 9-month orders fall by 19%
HYUNDAI Heavy Industries Co, the world's biggest shipbuilder, and eight other South Korean dockyards won 19 per cent fewer orders in the first nine months, as shipping lines withheld purchases on concern of overcapacity.
- Ships face the rising threat of pirates in Somalia waters
LAWLESS Somalia cannot patrol its own waters and the neighbours to whom it has appealed for help have yet to devise a plan for dealing with increasingly daring pirates along an important shipping route.
- TNT prepared to spend 1b euros for China, Europe acquisitions
THE chief executive of Dutch mail and logistics company TNT NV said that his company was looking for acquisitions in Europe and China, and could comfortably spend up to 1 billion euros .
- Odfjell's Q3 profit jumps 21% on higher freight rates
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| NOVEMBER 17, 2005 |
- October throughput in Hong Kong highest for year
- NYK revenues, net income up for first half fiscal 2005
- Port of Seattle to reduce air emissions
- Record Q3 throughput for RCL
- OmniTrak introduces vehicle-tracking system in Malaysia
- eBay sellers go global with UPS
- Malaysia Airlines fights to fly out of the red
- Cathay to fly daily to Delhi, Mumbai
- Boeing launches new 747-8 family of aircraft
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| NOVEMBER 17, 2005 |
- EC study findings may compel liner conferences to reorient strategies
- CII partners 4 EU bodies to augment textile exports
- Nigerseed exports fetch Rs 20 cr. in April-July
- Edible oil imports up by 15 pc
- Anti-dumping duty on methylene chloride imports withdrawn
- Container traffic at KDS growing at rapid pace, asserts Bhaskarachar
- GMB CEO sees distinction between ports blurring by 2010
- KPT to set up LNG terminal near Kandla
- Govt to pump in Rs 2,300 cr. to develop 28 projects at Paradip Port
- Cardinal Logistics opens new office in Kolkata
- GSEC sets new record in cargo handling at Ahmedabad Air Cargo Complex
- SPV for rail corridor may be formed by March 2006
- Swiss WorldCargo service to Delhi
- CMIE cites positive growth in key infrastructural sectors
- Asian textile sector to come on common platform in December
- Partner country status at fair confirms India’s capability-EEPC
- Tax holiday sought for food processing units
- Foreign investors offered sops to set up food parks
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| NOVEMBER 16, 2005 |
- Ports of Auckland appoints chief operating officer
- New vessel for Alianca
- Lufthansa Cargo and Swiss WorldCargo ink capacity agreement
- Fréjus tunnel open for hazmat transport
- John Nurminen will establish new company
- Germany's "green" party criticises Deutsche Bahn's acquistion plans
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| NOVEMBER 16, 2005 |
- Flag state poor performers’ list grows
- "Catastrophe-prone areas set for up 25% premium rise": TT Club
- Intertanko moves on EU liability law threat
- Odfjell’s strong performance
- Sloman Neptun switches to Cory
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| NOVEMBER 16, 2005 |
- $49.9 million Shipboard Security Module contract
- Wartsila extends slow speed diesel range
- $558.6 million Navy contract for Newport News
- Wartsila buys Gerhardt Holdings
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| NOVEMBER 17, 2005 |
- Thaniah wins top award at glittering Dubai gathering
JAMAL Majid Bin Thaniah, one of the leading figures in the global port industry, last night scooped the Personality of the Year prize at the inaugural Lloyd’s List Middle East-Indian Subcontinent Awards in the glittering surroundings of the Godolphin Ballroom in Dubai’s Emirates Towers Hotel.
- Diana lines up a follow-on Wall Street share offering
DIANA Shipping, among the first dry bulk entrants in the US equity markets this year, hopes to punctuate an eventful year by selling 6m shares in a follow-on offering.
- Calls for rethink on UK leasing policy
BALTIC Exchange chairman Anthony Cooke has called on the British government to rethink changes to leasing arrangements that could drive shipowners from London, writes Neville Smith.
- Adsteam hires tugs as jobs fury grows
ADSTEAM has lined up three chartered tugs with partially foreign crews to break any attempted strike by UK tug crews on the Thames.
- 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 16, 2005 |
- Basques drop legal case against ABS
THE government of Spain’s Basque region has withdrawn its legal case against American Bureau of Shipping in respect of the Prestige
- S Asia focused on seafarer welfare
A regional seafarers' welfare seminar for South Asia has formulated a work programme for the period March 2006-December 2009
- Still time to book for FAB
THERE is still time to book for the first Fairplay Awareness Briefing - Clearing the Air over Annex VI - which takes place in London on 28 November
- Round Table list adds failing flags
GEORGIA, Indonesia and Kenya have been added to the list of flags with 12 or more negative performance indicators by the Round Table of shipping associations
- EMSA moves to Lisbon in 2006
RELOCATION of the European Maritime Safety Agency moves a step closer this week with arrangements in place for the move to a temporary home in Lisbon
- Greece refuses Prestige request
GREECE has refused to implement a judicial order from Spain to block the bank accounts of Universe Maritime, the former manager of the tanker Prestige
- New investors interested in Ishibras
- Bidders line up for CalMac routes
- Terror attack on Buenaventura
- Chartered ships added to tonnage tax
- Irish labour court backs ferry unions
- MigrantWatch: US/Caribbean
- RasGas 3 launch details new ships
- Kremlin blocks Fesco share sale
- Odfjell optimistic despite shaky market
- New Orleans backs MRGO closure
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| NOVEMBER 16, 2005 |
- NVOs to press for rate discounts
With excess capacity expected in eastbound trans-Pacific in 2006, consolidators are expected to wield leverage in rate negotiations.
- GreenLane bill draws port support
- ISC back in NOLA
- TSA criticized on air-cargo security
- Deutsche Bahn buys BAX Global
- New China hub to boost FedEx
- ITDU to honor Monk
- Record cargo for Jaxport
- Blasgen takes CSCMP helm
- Canadian Pacific Railway sees rates rising
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| NOVEMBER 16, 2005 |
- Xiamen logistics company sues Maersk over surcharge dispute
A logistics company in China’s southern city of Xiamen filed a lawsuit against Maersk with the Xiamen Marine Court on November 10 for ‘intervening in its business operations’.
- Klaipeda stevedore sells container terminal to competitor
Lithuanian stevedore KLASCO has sold its container terminal to its competitor, Klaipedos Terminalas, and the two terminals will be united before Klaipeda Port’s newest terminal opens in March.
- Mid-sizes accelerate charter market decline
- Hanjin Shipping places first four orders
- Sohar partners put signatures to export facility deal
- Deutche Bahn bags Bax
- ESC and CER join Eurovignette battle over road sector
- Bali’s Benoa Port switched to dedicated box facility
- SYMS to launch China/Korea/Japan service
- Strategic partnerships will see TMILL grow
- Kaliningrad considers dedicating another two berths to containers
- Busan and Russia ports to step up co-operation
- Pasir Panjang to add four container cranes
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| NOVEMBER 16, 2005 |
- Offshore boosts Ultrapetrol
Ultrapetrol is enjoying increased revenues after the delivery of two offshore newbuildings.
- Diana to file price amendment
Bulk owner to hike estimated offering price of equity issue to more optimistic level.
- Samsung snags Hanjin four
Latest panamax orders confirm prices have come down from the summer.
- Crash chronicle
UK authorities have made public a database of 322 casualties involving ro-ro vessels over the last 15 years.
- Diana sells more shares
Secondary offering on Wall Street will pay for recent panamax purchases though at what price?
- Halim Mazmin saved by disposal
Ship sale lifts nine-month profit for Malaysian owner's mixed fleet.
- Tankerska triumphs
Croatian tanker and bulker owner’s financial costs drop, boosting profit in first three quarters.
- Attica blames bunkers
Ferry operator's quarterly profits dip 13% as 'very high' fuel costs hit home.
- Havila hikes profits
Per Saevik's company posts 380% rise in income in first quarter since IPO.
- Volgaflot builds earnings
Russian owner logs improvement in first nine months as revenues rise.
- Blue Star slims for success
Offloading of older ships pays off for Greek ferry owner in first three quarters.
- Tankers drive Odfjell earnings
Norwegian owner’s parcel ships improve time charter rates by 24% in first nine months.
- StealthGas adds one more
Harry Vafias’ New York-listed gas carrier venture picks up 5,000-cbm Petredec LPG carrier.
- Atlantska lands quartet
Croatian owner reportedly buys four small bulkers from Swiss company.
- MISC gets Affin green lift
Finance minister approves Malaysian shipowner’s plan to offload merchant bank equity stake.
- Ever Mighty salvage begins
SvitzerWijsmuller to begin lighterage operation in attempt to refloat First Steamship panamax.
- Toei backtracks
Japanese reefer player pares back financial forecasts, but still expects to beat previous year’s results.
- Consistent growth at NOL
Container volumes at Singapore liner firm grew by 11% for the second consecutive month.
- PSA sees double-digit growth
Addition of Hong Kong operations continues to boost Singapore firm’s global container volumes.
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| NOVEMBER 16, 2005 |
- Senators introduce sweeping maritime cargo security bill
- Hamburg Sud moves Chicago office
- The Brink's Co. confirms $1.1 billion sale of BAX Global
- Lufthansa, Swiss WorldCargo sign capacity agreement
- American Airlines starts Chicago/Delhi flights
- ESC says road tolls directive is losing direction
- Shipper says delivery focus will change
- CP Railway, Fraser River Port Authority to sign cooperation agreement
- FMC reviews 3 OTI applications, revokes 6 licenses
- Shippers say they'll pay their share for infrastructure upgrades
- WTO affirms U.S. action against Canadian lumber imports
- Small, mid-sized American shippers increase exports to China
- Ozburn-Hessey Logistics, Scotts agree to warehousing linkup
- Descartes unveils upgrades to logistics software
- Schwarzenegger said to be planning massive bond program
- DP World to develop 2-million-TEU Qingdao terminal
- LNG terminal in Long Beach criticized in environmental review forum
- Port of Savannah handles record TEUs in September
- Paper shipper expands imports in Baltimore
- Seattle terminal equipment to undergo retrofit for air emissions
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| NOVEMBER 16, 2005 |
- Maritime round table updates flag performance ranking
The round table of shipping associations (Bimco, Intercargo, ICS/ISF and Intertanko) have updated their Shipping Industry Flag State Performance ...
- SvitzerWijsmuller got the salvage of "Ever Mighty"
SvitzerWijsmuller has been instructed to start the salvage of the grounded bulk carrier "Ever Mighty" on Hatter Reef in Great ...
- Marita becomes WISTA president
Marita Scott, partner in NorthEgde Risk Services, was elected new president of WISTA, the Women’s International Shipping & Trading Association, at ...
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| NOVEMBER 16, 2005 |
- Petrojam looks for fuel oil cargo
Jamaican refiner seeking fuel oil while local refinery out of action.
- Low-sulphur fuel for 2006 cruise season
Seattle and Vancouver ports proposing 1.5% low-sulphur fuel for cruise ships while at berth.
- Crude prices turn bullish on latest US oil inventory data
Unexpected drop in crude and gasoline inventories push prices higher, and colder weather may cancel out bearish distillate statistics.
- Rotterdam barge market on the rise at midday
- Vopak kicks off massive Rotterdam investment
Vopak plans to invest a total of 55 million euros to boost Rotterdam storage and handling capacity for fuel oil and jet fuel.
- Deutsche Bank predicts two years of falling freight rates
Expansion of global fleet could see rates across all areas of the shipping complex drop significantly over the next two years.
- Singapore: Dramatic drop in bunker dispute cases
MPA reports a big reduction in the number of bunker disputes since 1996, with very few cases relating to quality.
- New Zealand launches oil recovery vessel
Maritime New Zealand launching new oil recovery vessel to combat oil spills.
- Hong Kong shipowners scold lax attitude to marine air pollution
Hong Kong Shipowners Association urge the maritime sector to become more proactive in reducing harmful emissions from ships.
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