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| NOVEMBER 18, 2005 |
Shipping News
- Kawasaki Kisen plans to rely less on container shipping
KAWASAKI Kisen Kaisha Ltd, Japan's third-largest shipping company, said that it plans to carry more iron ore, oil and other materials to cut its dependence on container cargo shipments.
- Hutchison in venture to build 10 Oman berths
HUTCHISON Whampoa Ltd, the world's biggest port operator, will help build and operate 10 container berths in Oman as it expands in the Middle East.
- Capacity shortage pushes gas tanker freight rates to record high
THE cost of shipping liquefied petroleum gas on tankers loading 30,000-60,000 cubic metres has risen to a record high because of a shortage of vessels.
- Patrick H2 net falls as oil hurts Virgin Blue 18
Admiralty Casebook
- No damages for destroyed bananas
THE consignee of a cargo of uninsured bananas has lost a court action in England to recover damages from a bank that arrested the vessel carrying them after the bananas had to be destroyed following the arrest.
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| NOVEMBER 18, 2005 |
- DP World to expand China foothold with new Qingdao terminal
- China Shipping considers expanding to Greek Island
- HPH to operate container terminal in Oman
- PSA throughput up in Singapore
- Deutsche Bahn acquires Bax Global
- Tianjin international shipping hub starts operation
- Lufthansa Cargo, Swiss WorldCargo agree to share capacity
- Delta asks judge to void pilots' union contract
- US air cargo vulnerable to attack
- Cargo jet in Anchorage takes off on taxiway by accident
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| NOVEMBER 18, 2005 |
- UBC introduces recyclable liners & Flexitanks
- Tanker paucity drives up cost of shipping oil
- Mango export issue expected to bear fruit soon
- CSL earns Rs 16.86 cr. PBT, pays Rs 8.33 cr. dividend to govt
- Shell likely to offload part of Hazira LNG terminal stake on HPCL: Talks on
- State govts to get more leeway to develop small ports
- A. K. Bhalla presides over INA-PIANC meet at Cochin Port
- ‘Common tax’ discussions only after all states implement VAT
- A fragrant trail leads to India
- Developing countries to rally against NTBs at WTO ministerial meet
- MoF forms study group to simplify norms for faster refund of service tax
- Foundation laid for Jharkhand auto SEZ
- Invest in infrastructure, Kamal Nath tells US business
- Israel to double trade with India in 2 years
- Preferential trade pact on cards
- Textile export prospects bright, finds Assocham study
- Base import prices of vegetable oils reduced
- Russian trade team to meet Indian counterparts at IMC today
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| NOVEMBER 17, 2005 |
- Wallenius Wilhelmsen appoints new chairperson
- Plans for new Cuxhaven-Norway service
- Emirates SkyCargo does double dailies to New York
- Lufthansa Cargo and Swiss WorldCargo team up in Canada
- SNCF wants to prevent industrial action
- Italy: strikes still on the books?
- Austria's post office casts an eye on Trans-o-flex
- EU parliament's transport committee in favour of road pricing guidelines
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| NOVEMBER 18, 2005 |
- Germany joins onslaught on Brussels’ draft ports directive
GERMANY launched a broadside against the European Union port services directive yesterday at a high level conference in Brussels.
- Bullish Goldenport prices London offering
GREEK shipowner Goldenport Holdings yesterday announced a price range of 275p-325p for its London initial public offering and forecast strong profit growth for the year.
- Hamburg rivals set to go head to head in Atlantic box battle
HAMBURG Süd is said to be putting the finishing touches to a new service across the Atlantic that could place it in direct competition with national rival Hapag-Lloyd for the first time.
- Dutch partners land $2bn Qatar port building contract
QATAR Petroleum Co has awarded a $2bn liquefied natural gas port building project to a joint venture of Royal Boskalis Westminster and Jan de Nul, Boskalis revealed yesterday.
- Aegean aims for $160m from New York listing
BUNKER supplier Aegean has unveiled plans to float 10m common shares priced between $14 and $16, raising as much as $160m if the issue is priced at the top end of expectations, writes Neville Smith.
- 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 17, 2005 |
- Maersk, K Line agree to cut THC
LINER majors Maersk and K Line have finally agreed to comply with the Indonesian government's instruction to reduce the terminal handling charge (THC), although the amount remains slightly higher than set by the government
- Focus on seafarers' welfare
THE International Labour Federation will introduce a consolidated maritime convention on seafarers’ welfare in February 2006
- China aims to be top builder by 2015
CHINA is to aggressively expand shipbuilding capacity with the aim of being "number one in the world," the International Maritime Industries Forum in London was told
- AMA expands transport stake
AMA Capital Partners has acquired PLM Financial Services, the general partner in four publicly traded funds holding controlling interests in tankers and bulk carriers
- Karlog Shipping pleads guilty
KARLOG Shipping and two of its crew have pleaded guilty to making false statements to the US Coast Guard in connection with a hidden oily waste separator bypass valve
- Caribbean rates surge
EASTBOUND freight rates from the Caribbean and north coast of South America to Europe will rise sharply from 1 January 2006
- Campaigners fight Prestige decision
- Green Reefers calm despite 3Q loss
- Indonesians likely to slap liner ban
- Star cruises into Europe
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| NOVEMBER 17, 2005 |
- Billions needed to expand So. Calif. capacity, freight industry told
Economic health of the U.S. depends on investment to expand import gateway's port and intermodal capacity, experts tell conference.
- CP Ships, Hapag-Lloyd offer Australasian service
- Modest growth for California imports
- Monthly mark for Port of Virginia
- UPS pilots want out of mediation
- BAX Global's air unit sold
- Fraser River containers up 23%
- Rotterdam heads for record year
- Exel Shareholders OK DP Bid
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| NOVEMBER 17, 2005 |
- PSA parent co-founds Russian investment fund
PSA parent Temasek Holdings has joined with Russian investment bank Troika-Dialog to found a mid-cap investment fund targeting logistics and other sectors, as logistics-infrastructure needs grow, especially in St Petersburg.
- New river port to reduce Yangshan export costs
Jiangying in the province of Jiangsu and central Yangtze River Delta will see a new 1m TEU container terminal in five years, reducing costs for goods exported from Yangshan Port.
- Guam set to choose preferred bidder in port tender
- Aschaffenburg prepares direct intermodal links to German and Benelux seaports
- Rotterdam boxes outperform overall growth, but empties increase
- Maersk Sealand keeps position atop the PIERS ladder
- Sustained freight rates and volumes hold up RCL earnings
- Hapag and CP Ships to launch Australasia services
- India’s Railway Ministry sets up freight corridor advisory panel
- Korea shortens customs clearance times
- Pakistan demands ‘Dry’ Ports Council
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| NOVEMBER 17, 2005 |
- Payout or buyout?
An analyst suspects one bulker owner may shower $350m on shareholders instead of S&P -- and would make a dainty dish as a takeover.
- Karlog’s $1m magic pipe
Greek owner latest to be hit in US campaign against oily water separator scams.
- Ro-ro tankers go public
A Greek bunkerer with an innovative fleet of newbuildings is hitting Wall Street.
- Arlington confirms Stena deal
US-listed company will pay $92m for two product tankers in its first purchases since going public.
- Two Precious bulkers held in UK
Thai owner of ageing bulk carriers and Transpetrol among culprits highlighted in latest detention figures.
- Merger bears first fruit
CP Ships and Hapag-Lloyd announce new replacement round-the-world services from next February.
- Green in the black
Norwegian reefer owner upbeat after big jump in earnings to 30 September.
- New CSBC sell off bid
Taiwan to renew offer of majority stake in state owned shipbuilder to investors.
- NOS gets insured
Norwegian clearing house buys protection against member default from Swiss Re
- Goldenport to list early-December
Founders including Paris Dragnis could pocket £12m, as company sets price range for bulker-and-boxship IPO.
- Motia boosts Handytankers
Italian owner enters another newbuild in Maersk-D’Amico pool.
- AMA buys PLM Financial
Boutique bank gains control of shipowning investment funds.
- Thais okay national fleet plan
Government confirms investment in Thai Maritime Navigation to boost domestic shipping.
- Pelni looks to Singapore
Indonesian owner in talks with Singaporean investor for ship revamp.
- SCI to add 26 ships
Shipping minister TR Baalu outlines plan for $1bn investment to expand Indian owner’s fleet.
- TUI issues more debt
German tourism giant to sell EUR 1bn of bonds to help pay for takeover of CP Ships.
- Ow ups SSC stake
Ow Chio Kiat lifts stake to close to 40% with only one week remaining until cash offer closes.
- Cosco yard inks soft loan
Cosco Shipyard Group, majority owned by Cosco Singapore, arranges CNY1.2bn in fresh funding.
- Glovis IPO gets green light
Hyundai car distribution offshoot, part owned by Wilh Wilhelmsen, could raise up to $136m.
- Courage bosses keep buying
Top four directors at recently listed Taiwanese bulker player take buying spree to almost 4m shares.
- Toei on the button
Japanese reefer player meets revised interim forecasts as net profits jump 50% on a year ago.
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| NOVEMBER 17, 2005 |
- TUI to issue bonds to pay for CP Ships
- WITASS sets rate increase, peak season reefer surcharge
- CMA CGM, China Shipping to swap slots in transpacific
- Hanjin orders four 4,275-TEU ships
- GAO says TSA slow to develop air cargo security regime
- Lufthansa Cargo, Swiss WorldCargo join forces in Canada
- U-Freight relocates Miami terminal
- Trade report outlines U.S.-China tech trade
- FTA: U.K. supply chain inefficiencies remain
- Canada finds unprocessed U.S. corn imports injures market
- TNT Logistics opens Californian distribution center for BMW
- USAID adds $2 million in aid to Guatemala
- Universal Warehouse expands into Pacific Northwest
- Hutchison to develop Oman terminal
- Hong Kong's box volumes rise 3.3% in October
- Port of Virginia volume hits record again
- Oakland to get federal funding for dredging
- Jacksonville Port Authority posts record tonnage
- Jurong Port orders five 22-row outreach cranes
- Fraser River Port box volumes up 23%
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| NOVEMBER 17, 2005 |
- Rederi AB Gotland and Torm order tankers
Rederi AB Gotland and its Danish pool partner A/S Torm have ordered three ice-strengthened tankers at Guangzhou Shipyard ...
- Frontline postpones stock sale
Due to a weaker market for shipping shares in the US, Frontline has decided to postpone the sell-out of ...
- Best summer ever for the Coastal Express
The six OVDS-owned vessels in the Norwegian Coastal Express (Hurtigruten) service had a berth occupancy of 97 per cent ...
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| NOVEMBER 17, 2005 |
- Ports misled over 1.5% availability
Port Vancouver and Seattle not realising the limits on 1.5% availability, sources saying.
- Oil executives accused of Congress lies
Democrats seeking US attorney general investigation into oil executives' congressional testimony.
- ConocoPhillips to spend $5 billion on refineries
Company looking to expand refining capacity with long-term investment plans.
- New database aimed at bringing transparency to oil market
International Energy Forum to launch database providing data from over 90 countries, but analysts have some doubts about accuracy.
- PRAXIS: Daily bunker market report
- Varying reports emerge on EGPC fuel oil plans
The Egyptian General Petroleum Company seems to have an unusual glut of straight run fuel oil, which may benefit the country's bunker market.
- Saudi H1 fuel oil contract seen going to Fujairah bunker market
Saudi Aramco has concluded two out of three fuel oil term supply deals, with two expected to supply marine fuel hubs.
- Rotterdam continues firm with heavy commitments
- Leading ARA barge operator launches new 'princess'
Alexia, named after the youngest princess of the Netherlands, is the eight double-hulled bunker barge owned or operated by FTS Hofftrans.
- Singapore: Residual fuel up, distillates down
- Low-speed diesel engines comply with MARPOL VI
Wärtsilä has introduced low smoke emission marine diesel engines to be fully compliant with MARPOL Annex VI regulations.
- Bunker costs blamed for lower profits
Greek ferry operator has blamed rising bunker fuel costs for the company's dip in profits in the latest quarter this year.
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