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| AUGUST 18, 2005 |
Shipping News
- Insurers maintain high-risk grading on Malacca Strait
LONDON's insurance underwriters are sticking to their guns on the highly controversial designation of the Malacca Strait as a terrorism risk, saying promises by the littoral states to tighten security in the vital waterway are not enough.
- Tg Pelepas port gets loan for expansion
MALAYSIA's Port of Tanjung Pelepas, which competes with neighbouring Singapore for South-east Asia's sea freight, said it's obtained a loan from a government bank as part of its RM1.3 billion expansion plan.
- Kawasaki Kisen may exceed profit forecast with cost cuts
KAWASAKI Kisen Kaisha Ltd, Japan's third-largest shipping company, said it may exceed its profit forecast for the 12 months ending March 2006 because the effects of its cost cuts haven't been fully reflected.
- Sembawang Kimtrans opens coal terminal
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| AUGUST 18, 2005 |
- NYK logistics gains African foothold through JV
- Merchant group slams California box tax as `unfair and unconstitutional'
- PONL integration to cost AP Moller US$498m
- PHA welcomes US Appeal court's decision
- Jiangyin building new wharves
- OTS Logistics appoints new executive committee member
- Panalpina wins awards from two customers
- Singapore Airlines to add third daily non-stop service to Beijing
- Delta to sell Atlantic Southeast Airlines to SkyWest
- World Air announces Q2 net profit of US$4.2m
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| AUGUST 18, 2005 |
- HECNY Shipping launches US service ex-India
- Cargomar handles 1st LCL consol box bound for Santos
- Maritime development programme getting finishing touches-Baalu
- Move to declare more National Waterways
- Demand for LNG tankers may continue-Analysts
- CII (AP) signs MoU with China trade body
- I-Day celebrated at VCT
- Exports overcome odds to leap up by heartening 27 pc in July
- India files revised offers on services with WTO
- Customs documents on export duties, sops to be reduced to just 5
- IMC seeks clarity on FBT provisions
- Strategic sale of SCI, 12 other PSUs put in cold storage
- Govt spells out norms for integrated textile parks scheme
- CMIE revises industrial growth upwards to 7.65 pc for 2005-06
- Kamal Nath introduces Bill to abolish export cess on farm products
- Minister lists items exported duty-free via Wagah border
- Exim Management Institute now offers 2 new autonomous courses
- BCC&I distributes tarpaulins, bedsheets to deluge-hit
- PM launches ‘Look West policy’
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| AUGUST 17, 2005 |
- Two more business development managers for Hellmann
- Hong Kong box traffic continues to rise
- SN Brussels Airlines and Etihad offer joint service to Toronto
- Deutsche Bahn posts an interim profit
- Ran Logistics opens warehouse in Tuzla, Turkey
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| AUGUST 17, 2005 |
- No movement on Malacca Strait insurance row
- Farstad wins US$22.5m contracts
- Zubieta reappointed Panama Canal boss
- Romoe Maersk hauls up trouble
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| AUGUST 17, 2005 |
- Austal's Rothwell upbeat as profits soar
- Navy could torpedo Weaver's Cove LNG plan
- Osprey sets inland waterway box record
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| AUGUST 17, 2005 |
- Port of Everett breaks ground on Rail/Barge facility project
- Union Pacific adding Green Goats to Southern California rail yard
- Coast Guard commissions new patrol boat for Everett
- Port of Seattle schedules Sea-Tac Airport meeting
- Panama Canal Authority keeps current administrator
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| AUGUST 18, 2005 |
- Alemán keeps top Panama Canal role
THE Panamanian government has opted for stability during a crucial phase for the Panama Canal Authority by leaving Alberto Alemán Zubieta in place as administrator of the authority for another seven years.
- Two firms set to defy Wall Street’s run of float flops
A LEADING container leasing outfit and a Jones Act barge company await their turn in the Wall Street sun with proposed flotations of $200m apiece as shipping wonders whether the IPO market has the wherewithal to rebound after the summer holidays.
- Stratos increases lead over rivals with Xantic buy
GROWING emphasis on maritime security has led Stratos Global to bolster its satellite communications business with the purchase of rival Xantic from KPN and Telstra for $191m.
- Grindrod in Maersk talks on South Africa box services
GRINDROD, the fast-growing South African shipping and logistics group, has admitted talking to AP MØller-Maersk about buying the latter’s South African services.
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| AUGUST 17, 2005 |
- More Ecuador oil woes
A NEW round of protests is hampering Ecuador’s oil operations, just a week after the country’s central bank lowered its production forecast for next year
- Casino ships have fees cut
FALLING passenger numbers on South Florida gaming ships have prompted Port Everglades to cut one line’s payments to the port in order to keep the firm afloat
- Cargo dhow trade to stay
THE booming traditional wooden cargo dhow trade will continue in the Middle East Gulf region although efforts are underway to encourage the sector to address safety concerns
- Philippines tightens standards
MARINE equipment manufacturers in the Philippines will now have to be accredited by the Maritime Industry Authority, following complanits over safety equipment
- Panama chief re-appointed
THE Panama Canal directors have unanimously re-appointed Alberto Aleman Zubieta as canal administrator for a second seven-year term
- Belships suffers from soft rates
SOFTER earnings in the dry bulk sector dragged the net profit of Belships down to $0.85M in 2Q05 from $2.93M in the same period last year
- Imarex hit by market fall
- Colombo bunker market opens
- Migrant Watch: US/Caribbean
- RCL net profit soars
- Grounded bulker refloated
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| AUGUST 17, 2005 |
- PierPass a success, executives say
Program to get shippers to move more freight at night and on weekends ahead of projections as traffic totals 30% of total volume.
- California box fee bill held
- Deal close on China textiles
- Northwest won't shift strike cargo to other airlines
- UPS orders 747 freighters
- Long Beach growth slows
- Virginia TEUs post 8% rise
- U.S. loses EU steel ruling
- Polar Air strike countdown
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| AUGUST 17, 2005 |
- Shared data and policy changes can lower HK trucking costs
A centralised database among transportation companies and government policies are what is needed to narrow the gap in the trucking costs between Hong Kong and Shenzhen, said various parties in the industry.
- Anti-monopoly body announces Russian rail market abuse of pulp/paper shippers
Russia’s Federal Anti-Monopoly Commission (FAC) has judged that Russian Railways (RZhD) abused its market position, affecting pulp-and-paper manufacturers’ competitiveness, but RZhD has up to three months to appeal.
- ‘Finely-balanced’ charter market poised to react to slightest market whim
- Rotterdam ups medium-term box prognosis, and gears up for Betuwe opening
- POP tells NSICT customers to divert rail cargo
- KMTC to launch Middle East service
- Hanjin to introduce Middle East PSS
- Russian and Azeri railways to co-operate on narrow border corridor
- Seawheel acquisition complete
- Pyeongtaek terminal attracts STX Pan Ocean
- Panama Ports orders three cranes for Balboa Port
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| AUGUST 17, 2005 |
- Transatlantic in strong debut
Newly merged Swedish ro-ro owner boosted by performance of icebreaking tugs in first half.
- Grindrod raises $77m
Speculation grows money from share placement will be used to buy Nedlloyd services.
- Imarex barely breaks even
Freight derivative trader scrapes into the black as market conditions toughen.
- Island Offshore back at Aker
Norwegian owner to build up to two more platform supply ships at yard group's Romanian outpost.
- More gains for Grindrod
South African shipping group continues strong run as profits leap 80%.
- Trio battle for Jadroplov
Peter Dohle, Gabriel Panayotides and Tankerska Plovidba go head to head for Croatian owner’s box and bulk fleet.
- Belships suffers again
Oslo bulker owner sees profits cut by higher costs in first half.
- Viking Offshore thinks big
Scottish owner goes to Spain for up to nine new standby ships.
- Belarus eyes Baltic outlet
Russian enclave of Kaliningrad wants landlocked state to fund new port near Baltiisk.
- Seven years for canal chief
Alberto Aleman Zubieta elected head of Panama Canal Authority for new term beginning in September.
- Master fined over Colregs
Latvian master of Jebsen ship faces $1,800 penalty over failing to cross Dover Straits correctly.
- Asimar moves into profit
Extra shiprepair income helps lift second quarter performance at Thai listed shipbuilder and repairer.
- Quintana fixes Coal Pride
Recently-listed panamax bulker operator fixes out latest acquisition to Cargill for up to six months.
- Diana inks another short one
US-listed Greek shipowner fixes panamax bulker Nirefs to BHP Billiton for up to 25 days.
- Farstad finds employment
Charter deals worth $22.5m see Norwegian owner tie up three ships in southern hemisphere.
- Malacca stays on list
London war risk underwriters insist terrorist threat justifies additional premium.
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| AUGUST 17, 2005 |
- International Salvage Union concerned by proposals
- MarAd official: Short sea-shipping draws interest as West coast option
- NYK appoints environmental manager
- Thai Airways posts $116.4 million 3rd quarter net loss
- DHL starts work on new East Coast hub
- Icelandair Cargo's July volumes down 10.7%
- OTS Logistics named new member to executive committee
- Uniline Transport system joins United Shipping Inc.
- Maine biotech shipper fined, eight convicted for export violations
- U.S. lumber industry disappointed by Canada's failure to come to table
- GSA to hold household goods and freight conference
- Southern California ports fee bill pulled Tuesday
- Panama Canal administrator cautious about expansion plans
- Report: N.Y.-N.J. port gains eroded by security costs
- Slow growth in Hong Kong container traffic
- Portland container volumes down 52%
- Port of Altamira handles record number of containers in July
- P&O Ports names Miami port vice president
- Stevedoring Services selects Tideworks Technology for Bermuda
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| AUGUST 17, 2005 |
- Fewer but larger vessels in Swedish ports
According to the Swedish Maritime Administration, SMA, the number of calls in Swedish ports declined by 966 or 1.6 per ...
- Shipowners protest against revised security rating of the Malacca Strait
The international shipowner organisations ICS and Intertanko challenges the decision by the London insurance market Joint War Committee, JWC, to ...
- Arrested terrorists planned attack on cruise vessel
Several people have been arrested in Turkey on suspicions on planning a terror attack on a cruise vessel off Antalya ...
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| AUGUST 17, 2005 |
- Oil prices slump despite huge US gasoline draw
Crude posts biggest decline in a month as US inventories of crude and distillates appear healthy.
- DOE & API at a glance: This week's US inventory reports
- Port Said: FOBAS, DNVPS confirm serious fuel contamination
At least one vessel which took fuel at Port Said is arranging debunkering, while DNVPS advises against using the fuel.
- WFS lauds Falmouth's strategic location for LSFO supply
Top executives from WFS have highlighted Falmouth's strategic position for the supply of low sulphur fuel oil, also hinting at future expansion at the port.
- Off-spec fuels reported in New York and ARA region
Operators advised to take extra care if using the fuels in question.
- PTP: KIC stands firm on bunker island project
KIC Oil & Gas says government mandate supercedes an announcement by Sumatec Resources regarding bunker island project and stands by 2007 target.
- Strong freight rates set to lift bunker surcharge
Peak seasonal cargo volumes have been lifting ocean freight rates on the Middle East-Far East sector as main shipping lines consider raising bunker surcharge.
- Malacca Strait stays on risk list
The Malacca Strait will remain on the list as a war risk zone after the Joint War Committee rejected calls from shipowners and Asian governments to review its status.
- Reports: More sediment warnings in Port Said
Less than two weeks after high levels of cat fines and total sediment potential (TSP) are found in Port Said product, more excessive TSP levels are reported.
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