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| FEBRUARY 18, 2005 |
Shipping News
- US anti-terror funds not reaching key ports
THE US programme to protect ports from terror attacks is distributing its limited funds without a full understanding of which ports are most vulnerable and which projects are most important, a government report says.
- Teekay's Q4 profit surges 34-fold on record rates
TEEKAY Shipping Corp, the world's largest mid-size oil tanker owner, said fourth-quarter profit soared 34-fold as increased production from Opec members helped boost shipping rates to records.
- 97 injured in HK ferry crash
A high-speed passenger ferry on its way to mainland China collided with a cargo boat in Hong Kong, injuring 97 people, four of them seriously, government spokesmen said.
- Transpacific lines warned of rise in human smuggling
Admiralty Casebook
- Pan-United's writ to seize vessel renewed
FOR the second time in the past year, Singapore's Pan-United Marine Ltd has been successful before the Australian Federal Court in Perth in renewing writs in rem to arrest vessels to enforce general maritime claims for monies owed to it.
Port Shots
- PORT SHOTS
THE UK's Port of London has announced that 2004 was its most successful year since 1998.
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| FEBRUARY 18, 2005 |
- Hong Kong throughput up 7.8 per cent in January
- GWSC, USL and Maruba Line form "Americas Alliance"
- Hyundai orders nine newbuilds for US$910m
- NOL names new CFO
- New hires ease US WC ports gridlock: Fed
- SITC handles over 670,000 TEU in 2004
- BNSF to develop intermodal container transfer facility for LA port
- Application to build Deltaport's 3rd berth to be formally reviewed
- Macau air cargo in 2004 up 56pc
- Qantas launches Australia-S Africa freighter service; director to retire
- Korean Air Cargo launches charter service between Seoul-Guangzhou
- EGSAC appoints Indian associate member
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| FEBRUARY 18, 2005 |
- Large markets for biz cooperation seen in Brazil, India
- More exporter-friendly measures soon—DGFT
- SIONs for 27 new export items notified
- CONCOR holds 15 pc stake in IGTPL
- MbPT to host Major Ports cultural fete from Feb. 21
- Railway Ministry may allow JV partners to fix freight rates on select routes
- WISA welcomes move to let pvt. sector run container block trains
- Rubber footwear makers want CVD on machinery imports off
- Govt may scrap import duties on 35 fibres and yarns
- Textile processors likely to get 1-yr capital subsidy for modernisation
- Let’s spare EOUs/SEZs the burden of indirect taxes, Minister tells states
- Import of 3 m. tonnes of sugar to be allowed
- Commerce Ministry seeks CST exemption for EOUs
- EOUs seek sanction to take insurance cover abroad
- Kamal Nath calls for better Indo-Italian cooperation in design education
- Hank yarn burden to remain
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| FEBRUARY 17, 2005 |
- Vopak Horizon Fujairah opens first dedicated bunker pier
"This is the first major step in bunker logistics for Vopak Horizon," General Manager for the Fujairah terminal told Bunkerworld.
- New licensing system welcomed by Turkish suppliers
Newly-introduced Petroleum Act, to be introduced in April, will see swathe of companies working in the petroleum and oil product sector apply for a license to operate.
- IFO avails return to Port Said, Suez remains dry
Light at end of tunnel for suppliers and shipowners as supplies of IFO180 are earmarked for bunker market in Port Said after lengthy lay-off.
- Singapore fuel oil inventories reach 35-week high
- Oil firm on raised OPEC demand forecast
OPEC's raised demand forecast reduces impact of bearish US inventory figures.
- Containership leaking bunkers off Tunisian coast
Clean-up operations are underway along the Tunisian coast after a 563 TEU containership ran aground.
- Rotterdam firm with crude
- Lubmarine develops new lubricant for low sulphur fuels
Total Lubmarine has developed a new marine lubricant, specifically designed for use with low-sulphur fuels, currently available in Europe with wider distribution expected soon.
- Australia: Marketing and sales manager to retire
After 22 years in the bunker industry, marketing and sales manager to retire in April.
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| FEBRUARY 18, 2005 |
- Nextel Poll: transportation companies expanding wireless capabilities
- UK rail regulation office to be restructured
- TDG secures new business in Spain
- Ital Logistics launches service between UK and Greece
- Air France and JAL cooperation
- Panama Canal: new drilling barge under construction
- Young Canadian Freight Forwarder of Year
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| FEBRUARY 17, 2005 |
- Panama goes ahead with boxship price hike
- Tanker market propels Teekay to record profits
- Maritrans' profit hit by high expenditure
- Calais port fiasco "costing US$7.6m a week"
- Bureau Veritas heads up EU project
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| FEBRUARY 17, 2005 |
- European Commission approves German shipyard aid scheme
- Shell gets approval for offshore LNG terminal
- New BV rules address FPSO cracking problems
- Teekay reports record earnings
- USCG Commandant visits IMO HQ
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| FEBRUARY 17, 2005 |
- Port of Tacoma taps Paulsen as facilities development director
- Hanjin Shipping orders three 6,500 TEU vessels
- Excel Maritime buying bulk vessel SEABONI
- Location for hourly parking changing at Sea-Tac Airport
- Past FMC decisions heading to Internet
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| FEBRUARY 18, 2005 |
- Vafias emerges as key DryShips investor after Brave Bulk sale
THE Vafias shipping family of Greece has emerged as a leading shareholder in newly floated DryShips, headed by fellow Greek shipowner George Economou, just as it has concluded the sale of its own dry bulk operating arm, Brave Bulk Transport, to Middle Eastern interests.
- Bureau Veritas sounds alarm over FPSO vessel cracks
CRACKS detected in floating storage and production offloading vessels designed to remain on site without drydocking for 25 years have prompted new structural rules from a leading classification society.
- P&I rates set to rise for sixth year
FURTHER P&I rate increases are likely for the sixth successive year at this weekend’s renewal "as a buffer against increasing shipowner liability exposure, claims inflation fuelled by a buoyant shipping sector and general volatility and uncertainty surrounding major losses", says ratings firm Standard & Poor’s.
- Hamburg Süd eyes Romania yard deal
GERMAN container line Hamburg Süd is close to ordering post-panamax containerships in Europe as Korean yards run out of space.
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| FEBRUARY 17, 2005 |
- Concor takes 15% of Vallarpadam
CONTAINER Corp of India will own 15% of Dubai Ports International's India Gateway Terminal, which is setting up the $480M Vallarpadam terminal
- Alianca re-launches Brazil-US route
BOOMING exports from Brazil and Argentina to the US has led to Alianca, Hamburg Sud’s Brazilian subsidiary, expanding its service to a weekly schedule on the route
- Greens try to halt NY dredging
- Teekay posts record year
- Traffic up on Corsica Ferries
- China Merchants to raise $350M
- Anti-pollution company proposed
- Panama Canal increase confirmed
- Ninety injured in HK collision
- SembCorp Marine chairman dies
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| FEBRUARY 17, 2005 |
- Panama OKs higher Canal tolls
Container lines will be paying more to transit the Panama Canal as of May 1 when a new pricing system is slated to go into effect.
- New rules end paper export filing
- Bill beefs up intermodal box security
- U.S. retailers oppose Chinese import curbs
- Bill provides $30 billion in transport bonds
- U.S., Canada forces in joint maritime exercise
- Hamburg Süd restores LA-Aus calls
- Long Beach cargo up by one-third
- Port Manatee plans biggest warehouse
- Key review for Vancouver berth project
- DHL details plans for East Coast hub
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| FEBRUARY 17, 2005 |
- Panama sets final containership-transit pricing
Panama’s Cabinet has finally approved a charging-system for boxship-transits of the Panama Canal which will result in an 68.75% increase in the next two years.
- HK terminals outside Kwai Chung see throughput drop for sixth month
Hong Kong terminals outside Kwai Chung saw a decline in cargo-volumes for the sixth month in a row in January, though Kwai Chung managed to achieve 16.7% year-on-year growth.
- Pacific service slings back into Los Angeles
- South Africa concessions 'on again'
- Concor and Transworld pick up stakes in DPI Vallarpadam project
- Ambre light for PONL-CSAV service, as ABEX gets the go
- P&O Ports boosts Australian terminals
- Heung-A to launch Korea/Japan service
- Rail networks of Eurasia – unite
- China’s foreign trade sees continued growth
- Another deepsea operator looks at eastern Baltic market
- SITC aims for Top 40
- Ship collision in Hong Kong fog injures nearly 100
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| FEBRUARY 17, 2005 |
- Cruise chief costa lot
Pier Luigi Foschi needs big pockets after new pay deal with Carnival Corp.
- Swedes sitting pretty
Concordia has $190m on its hands and wants to build a new line of crude carriers -- but all in due time.
- Bush team raps US flag
The White House thinks US-flag vessels are a costly and slow way to get food to the hungry.
- Upgrade us, says RCL
Richard Fain-led Royal Caribbean wants to build ships and thinks it deserves investment grade.
- Not the age of consent
Stolt-Nielsen staggers towards looming bond repurchase deadline with few takers.
- Shipco under pressure
State-run Syrian ship agency's revenues driven down by increasing private competition.
- CSAV opens in India
Chilean boxship player founds own agency to service operations of subsidiary Norasia.
- BC Ferries hikes profit
Canadian ferry owner cuts usual seasonal losses in third quarter to boost nine-month result.
- Budget boost for EMSA
Expanding European Maritime Safety Authority gets more cash for bigger anti-pollution workload.
- All change
Duferco cuts stake in Premuda, as Generali takes up the slack.
- Unitor supplies bigger profit
Norwegian ship supply company adds 50% to net earnings in busy 2004.
- Mercator to issue more stock
Company plumps for sale of preference shares as latest way to fund fleet expansion.
- Intermarine hotfoots it to China
US heavy lift operator moves Asian hq from Seoul to Shanghai.
- Business brisk for Panama Canal
Canal announces new on-deck box charges as first quarter transits rise.
- Teekay sets new highs
Highest spot rates in three decades helps smash all previous profit records at aframax giant.
- MSC in Keys settlement
Mediterranean Shipping Company agrees major payout over coral reef damage in Florida.
- Gas galore in Qatar
LNG producers come to owners in Part Two of newbuilding tender for 12 tankers worth some $2.8bn.
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| FEBRUARY 17, 2005 |
- Panama Canal toll hike gets green light
- Carriers complete alliance reshuffle in U.S./Brazil trade
- Coast Guard gives guidelines for non-tanker spill response plans
- Intermarine moves Asian headquarters to Shanghai
- Halliburton, Forward Air under investigation for lost americium
- IRS audits Latin American airlines
- DHL to develop U.S. East Coast hub
- Flugleidir appoints Geirsdóttir, Ólafsson
- CSXT wants hazmat bill overturned
- Hub Group names Cosgrove top intermodal executive
- SDV Logistics picks "Rate Explorer" software
- Census issues proposed AES mandatory rules
- Treasury affirms crackdown on terrorists involved in trade
- Goodlatte opposes USAID plan to buy portion of food aid overseas
- Florida cattlemen prepare for increased trade to Puerto Rico
- CBP resumes foreign trade zone training
- Long Beach posts January increase of 35% for TEUs
- Dubai Ports to build and operate $500 million Indian terminal
- Transit of Panama Canal speeds up 14.7%
- Port of Houston to advise on Mexican logistics venture
- Port of Tacoma promotes Paulsen
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| FEBRUARY 17, 2005 |
- Ice tankers for 4.4 billion dollars
During the last year, shipping investors have placed newbuilding orders for USD 4.4 billion, according to a new report from ...
- Earnings slump at Aker Yards
Aker Yards took a severe hit as pre-tax profits fell to NOK 236 million (EUR 28.2 million) last year ...
- Fjord Line suffer from increased competition
Fjord Line in Bergen has announced losses of NOK 27.7 million (EUR 3,3 million) for last year in an increasingly ...
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