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| MARCH 18, 2005 |
Shipping News
- Maritime sovereignty issue scuttles outside help offers
CONCERN over maritime sovereignty has again scuttled outside offers of help in fighting piracy in the vital Malacca Strait after Malaysia reiterated its long standing position that the three littoral states are solely responsible for the waterway.
- Seacor to buy Seabulk Int'l for US$532m
SEACOR Holdings Inc has agreed to buy Seabulk International Inc for about US$532 million in stock and cash in a merger of oil tanker operators.
Admiralty Casebook
- Charterer need not pay for barnacle removal
A SHIPOWNER that time chartered its vessel on terms that included very wide geographical trading limits could not later ask the charterer to pay to remove barnacles from the vessel's hull, an English court ruled last month.
Port Shots
- Port Shots
GENERAL Maritime Corp, the second- largest US-based owner of oil tankers, said the US government is investigating a possible illegal discharge of waste oil in international waters by one of its vessels.
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| MARCH 18, 2005 |
- HK throughput up in February
- Logistics conference in Shanghai aimed at cutting costs
- India, China becomingly increasing complementary
- Shipment of explosives from HK found in Sri Lanka
- MIT involved in study of logistics in Spain
- Port of Tacoma appoints Emerson to head real estate business
- HK Airport freight volumes drop during LNY holidays
- Korean Air returns to profit
- 9,300 ex Boeing workers face uncertain future
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| MARCH 18, 2005 |
- Hyundai Merchant Marine orders powerful Sulzer engines for boxships
- EU’s GSP-Plus scheme from April leaves out India, Pak
- Exports of dairy products poised to cross Rs 500-cr. in 2004-05
- JNPCT excels by crossing 1-m TEU mark at main container berths
- Gantry operators at RGCT on ‘go-slow’ seeking incentives
- Govt report estimates cargo handling by Major Ports up by 11 pc during April-January
- MSWC’s CFS at D’Node begins import operations too
- Airlines cash in on surging garment exports
- Railways revamps parcel carrying activity to lure companies
- Make advance licences transferable, urges Fieo
- Plea to convert proposed Chandigarh IT park into SEZ
- Certification procedure for tea export & import coming
- Restore value-based duty drawback rates—garment exporters
- Maharashtra to give instant 100 pc input tax credit under VAT
- Incentive scheme for SEZ units explained
- Govt clarifies terms on automatic FDI approval
- Industry prepares fresh list of demands for incorporation during Finance Bill review
- Dipak chatterjee appointed Advisor to Commerce Ministry
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| MARCH 17, 2005 |
- New Colombian partnership surging ahead
New partnership makes gains in market share as Colombia's bunker industry looks to improve services in light of increased international scrutiny.
- Rotterdam market firm with crude surge
- Crude and cargo exports keep Korean market tight and firm
Demand quiet in South Korea amid tight avails as refiners exploit export margins.
- Terminals to take advantage of legislatory delays
New international rules cutting sulphur content has prompted ship fuel suppliers to think about increasing their loading capacity at terminals in North Sea ports.
- DOE & API at a glance: Latest US oil inventory figures
- Charterers clamber for business following OPEC decision
Charter rates for VLCCs have climbed on the back of strong demand this week as refiners and oil companies charged forward to fix tankers.
- Crude hits new high as Saudis hint at revised price band
Ali al-Naimi, the Saudi Oil Minister, claims: "Current oil price levels of $55 are high and we want prices to be between $40 and $50 a barrel."
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| MARCH 18, 2005 |
- Rhenus Midgard from Hamburg to Boston (UK)
- Thai Airways chairman resigns
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| MARCH 17, 2005 |
- ISU renews criminalisation warning
- TESMA expands into Scotland
- Brussels nod for French and Spanish yard subsidies
- Bergshav and Camillo Eitzen in newbuild contracts
- Brussels Spout
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| MARCH 17, 2005 |
- Kvaerner Philly product tanker strategy develops
- Seacor to acquire Seabulk
- "Robust" Gulf lease sale bidding
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| MARCH 17, 2005 |
- Pallet manufacturer moving to Port of Portland industrial site
- Seabulk agrees to merge with Seacor Holdings Inc.
- Sea-tac Airport businesses holding retail job fair
- Seattle-based Coast Guard Cutter returns from Deep Freeze duty
- P&O Nedlloyd christens largest container ship
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| MARCH 18, 2005 |
- Hueneme eyes naval solution to congestion
AN UNDER-UTILISED military base near Los Angeles is being touted as the site of a large new port complex that could relieve California’s heavily-congested transport network.
- Brussels oil spill law defence fails to convince owners
LEGAL experts for shipowners and salvors reacted coolly yesterday to a European Commission clarification on the intent of its proposed oil spill directive, which, it is feared, will lead to seafarer criminalisation, writes Rob McKay and Helen Hill.
- Seacor buys Seabulk in $1bn takeover
SEACOR Holdings is to buy Seabulk International in a $1bn deal that will create a new force in the US maritime transport arena.
- Kvaerner to hand US yard ownership to subsidiary
KVAERNER plans to change the label on its Philadelphia shipyard by "selling" it to a proposed wholly owned subsidiary, provisionally named American Shipping Corp, writes Rajesh Joshi.
- EU transport chief Barrot hits back at critics of marine pollution proposal
EUROPEAN Commission Vice-President and Transport Commissioner Jacques Barrot has flatly rejected claims that the proposed new EU directive bringing in penal sanctions for accidental marine pollution will have the effect of criminalising seafarers.
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| MARCH 17, 2005 |
- Kvaerner follows Maersk Line to US
FOLLOWING success by AP Møller in finding loopholes for non-US firms to enter the American market, Norway’s Kvaerner seems to now be in the hunt, Fairplay has learned
- HMM wipes out losses
A buoyant shipping market riding the China boom saw Hyundai Merchant Marine wipe out losses suffered in 2003
- Genmar in illegal discharge probe
GENERAL Maritime has now joined two fellow US-based tanker companies in falling foul of the Justice Department and its enforcement of illegal oil discharges
- UK budget 'good sign' for shipping
OWNERS of both UK dredgers and offshore support vessels deployed in the North Sea may be able to benefit from an extension of the UK tonnage tax regime
- Flecha contracts in line with POEA
CARDIFF Marine, Athens-based owner of the bulk carrier Flecha, says it has been ‘upset’ by allegations made by some of the seafarers on board
- Diamond fire stimulates cruising
THE 2002 fire on board the cruise ship Diamond Princess appears to have stimulated enormous interest in cruising among the Japanese
- US cruise majors to move into Asia
- Greek bulker arrested in NSW
- Australia, Kuwait in livestock deal
- Seacor to acquire Seabulk for $1Bn
- Mentz Decker quits Hamburg Index
- PNSC to buy 10 second-hand ships
- UASC transfer to Dubai opposed
- DPI to invest $155M in Fujairah
- Primorsk reveals expansion plans
- Leonhardt stands up to ITF action
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| MARCH 17, 2005 |
- West Coast imports soar in February
Box traffic rockets 40% to 60% at Tacoma (left), other gateways as China surge shows no signs of letting up.
- Customs wants more import data
- New York/New Jersey container volume rise 10%
- Challenge to transport spending cap
- Bangsberg, veteran JoC correspondent, dies
- FedEx profit rises 53%
- Senate boosts homeland security spending
- P&O Nedlloyd's Green keynotes JoC Trans-Atlantic conference
- Bush taps Portman as USTR
- Marad chief counsel resigns
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| MARCH 17, 2005 |
- The Hague admits 18-month Maasvlakte setback
Construction of the second Maasvlakte will be delayed by about 18 months, Dutch transport minister Karla Peijs said today, contradicting her late-January statement that it could start by March 2006.
- Australian union claims twistlock victory
The Maritime Union of Australia (MUA) is claiming another win for its ‘national twistlock campaign’ after MISC agreed to replace manual twistlocks of all their Australia-trading containerships this month.
- EximBank: India textile-exports will hit $70bn by 2014
- New Caledonia VSA finally finds vessel
- New York/New Jersey reconfirm Asian orientation
- Port of Seattle trumpets post-panamax credentials
- DPI gains concession to develop Fujairah Port
- Fos Distriport completing container-customer lineup
- Multimodal Forwarding Services succeeds Merzario UK as UK forwarder
- Tianjin Port foreign trade up 31%
- China sustains growth in intra-Asia trade
- Fujian Province builds 13 container berths this year
- Korea attracts European investment
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| MARCH 17, 2005 |
- Goldman lawyer lashes out
International tenders ensured no funny business in sale of VLCCs to Frontline contends Todung Mulya Lubis.
- Investments tug at Color
Ambitious investments are weighing down the bottom line even as Norway's Color Line announces a new buy.
- Latvian takes legal advice
Riga owner’s boss Imants Vikmanis looks to have law on his side in boardroom battle.
- Maersk, Keystone win MSC work
The US military is using new contract terms on two contracts worth $329m.
- To Russia with love
K Line extends short-sea service using new Stena charter.
- SCI expansion falls flat?
Steep rise in ship prices puts the kybosh on acquisition plans, hint government sources.
- Azov Shipping workers protest
Former employees of bankrupt Ukrainian owner want five ships back from State Property Fund.
- Brevik wins repeat business
Aker Yards facility will build another platform supply ship for Norwegian owner Island Offshore.
- Philly yard to own US-flag tankers
Kjell Inge Rokke is setting up American Shipping Co to both build and own ships.
- Seacor snaps up Seabulk
US offshore player picks up rival and Jones Act tanker operator in $1bn “merger” deal.
- Vani adds multipurpose
Dutch broking and chartering company continues move into shipping with chartered vessel.
- Pakistan, Oman keen on shipping
Both countries want new links between Gulf ports and Karachi.
- Eitzen orders again
Norwegian owner teams with Bergshav to add another three Korean-built 13,000-dwt chemical carriers to its pool.
- Trico cuts losses
US offshore operator still haemorrhaging money as restructuring charges eat into full-year results.
- Smit grows earnings
Shipping casualties kept Dutch salvor busy in 2004, but other divisions disappointed.
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| MARCH 17, 2005 |
- Vessel salvors says EU criminalization rules may backfire
- CP Ships carriers drop Tokyo from pacific loop
- Drewry Shipping reports on-going LNG boom
- IATA urges EC to rethink aviation policy
- Air Cargo Partners Worldwide appoints two sales managers
- Fits and starts characterize progress on truck manifest
- United Kingdom increases, then defers duties on fuel
- BSY Associates names Hagen as crisis response director
- Port of New York and New Jersey cargo rises 10% in 2004
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| MARCH 17, 2005 |
- Swedish flag grew 2004
The number of Swedish-flagged vessels over 100 GT increased last year by eight to 434 ships of 3.6 million ...
- New inquiry into the sinking of "Estonia"
The Swedish government has decided to award SEK 8 million (EUR 0.9 million) to a research project into why "Estonia ...
- Swedes charter Danish tugs
Wirens Rederi of Piteå, Sweden, has taken two Danish tugs on timecharter for operations in the Baltic area. The tugs ...
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