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| AUGUST 19, 2005 |
Shipping News
- Box lines to levy surcharge on Asia routes
TWELVE container shipping lines, including Neptune Orient Lines and Royal P&O Nedlloyd, plan to start imposing surcharge on containers they move to Asia for the first time to recover some of the rising costs from customers.
- MISC in talks to expand to China with partners
MALAYSIA International Shipping Corp Bhd yesterday said it is in preliminary talks with potential foreign partners to expand its container shipping business to lucrative markets in China and the United States.
- Mitsui OSK plans to order 8 ships with other shipping firms
MITSUI OSK Lines Ltd said on Monday that it, three other Japanese shipping firms and Mitsui & Co would jointly spend about 200 billion yen to order eight ships if they won an LNG transport contract to serve North America.
Admiralty Casebook
- A case of limited liability
NEW Zealand's national body for competitive and recreational sailing has successfully applied to limit any liability it may incur to an American windsurfer following an accident in 2002 that left the athlete in a wheelchair.
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| AUGUST 19, 2005 |
- WTSA to impose fuel surcharge on shippers
- Shandong Yantai Shipping launches first service
- China railways handle 224m tons of cargo in July
- China brings products closer to buyers: report
- P&O's slow volume growth may affect profits
- Shandong to invest CNY5.3b in port construction over five years
- UPS appoints senior VP for Asia Pacific
- AADA to increase levy on shipments from China, HK and Taiwan
- Qantas declares 2004-2005 net profit of US$580.66m, up 18pc
- China Southern to expand service in Inner Mongolia
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| AUGUST 19, 2005 |
- Container shipping colossus making waves
- MoS extends Cabotage Law relaxation by 6 months
- Textile exports to US soar by 24 pc in Jan.-June 2005
- Goods imported from 35 countries come under anti-dumping lens
- Middle East now largest market after US
- Exports to Bimstec countries up by 8 pc during 2004-05
- No move to develop more Major Ports-Minister
- Brisk iron ore shipments boost Haldia Dock’s cargo throughput
- Iranian firm bags tender to build oil terminal at Paradip Port
- Chennai Port Trust to set up CFS at Sathangadu
- CONCOR has designs on booming car market
- Kamino International honours its social responsibility pledge
- Austrian Airlines to launch Mumbai-Vienna service from Sept. 1
- Eight EPZs converted into SEZs, says commerce Ministry statement
- Simplified electronic Aayat Niryat forms to be boon for ex-im trade
- Report on EET method of taxation to be ready by October 31
- Indo-Pak study group to meet in October
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| AUGUST 18, 2005 |
- Thai Airways shakes up board
- CP Ships doubles operating income
- German capital gets new airline connection
- Haela to offer first class recycling services
- New contract for Exel with Argos
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| AUGUST 18, 2005 |
- Salvors warn on proposed STS rules
- Viking Offshore orders in Spain
- Island Offshore orders at Aker
- Björk Eklund Group Norway buys Norwegian agents
- Bangladesh detains pirate suspects
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| AUGUST 18, 2005 |
- UK shuts down fast ferry operation
- Aker to enter offshore drilling market
- USCG issues ISM NVIC
- T&T Bisso LLC to salvage sunk barges
- Aker and Kvaerner to be merged?
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| AUGUST 18, 2005 |
- Federal Railroad Association grant will pay for new crane at Port of Umatilla
- Class I Railroad analysis now available from AAR
- Free shuttle will move visitors to Seattle Lewis & Clark festival
- UPS places firm order for eight Boeing freighters
- Larger cranes headed to Port of Laem Chabang, Thailand
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| AUGUST 19, 2005 |
- MISC in search for container trade partner
MALAYSIA International Ship- ping Corp wants to strengthen its presence in the container trades through a partnership with another line, the company’s chief executive disclosed yesterday.
- Twin engineroom fires spark suspension of four Wightlink fast ferries
UK ferry operator Wightlink was forced to take four fast ferries out of service yesterday after the Maritime and Coastguard Agency withdrew its ISM documents of compliance and safety management certificates, writes Sandra Speares .
- Cromarty Firth steps into bid battle for Nigg yard
EUROPE’S largest fabrication yard is at the centre of a battle to buy the facilities at Nigg in Scotland, writes David Osler.
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| AUGUST 18, 2005 |
- MCA halts Wightlink's fast ferries
THE UK Maritime and Coastguard Agency (MCA) has today withdrawn the ISM Documents of Compliance and Safety Management Certificates of Wightlink's fast ferries, meaning the ferries can no longer operate
- Venezuela fire will not hit exports
GASOLINE exports from Venezuela will not be affected by the fire, causd by lightning, at Petroleos de Venezuela’s Armuay refinery
- Irene downgraded from Hurricane
TROPICAL Storm Irene – now downgraded from a hurricane – is crossing the North Atlantic today, posing a possible threat to vessels transiting the region
- California box fee vote 'delayed'
A MOVE in the California Senate to tax containers transiting the state’s ports has been put on hold by its sponsor, Alan Lowenthal
- LNG talks to restart Dabhol
GAIL, the Indian state-owned oil major, has begun talks with five countries to supply LNG to restart the 2184MW power project at Dabhol
- Genco posts strong debut
GENCO Shipping & Trading, the new dry bulk venture tied to GenMar’s chairman Peter Georgiopoulos, unveiled favourable results for its debut reporting period
- DFDS buys Belgian forwarder
- US intensifies BP probe
- Grounded barge leaks acid
- WTSA set to pass on inland costs
- Seyang suffers operating loss
- Transatlantic improves results
- Pelepas gets funding for expansion
- Crew rescued as ship capsizes
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| AUGUST 18, 2005 |
- South Carolina kills private ports plan
Divided ports authority votes against private development of terminals over concerns it would give unions too much power.
- WTSA adds inland fuel charge
- TUI, MSC in CP Ships bidding: Reports
- Rotterdam: 12M TEUs by 2009-10
- CN adds intermodal capacity
- MISC in partnership talks
- Mexico hits U.S. exports
- China bid for India box terminal
- P&G renews GT Nexus pact
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| AUGUST 18, 2005 |
- Californian box-tax bill deferred
A California bill seeking to charge terminal operators a fee for each container passing through the ports of Los Angeles and Long Beach has been shelved until next year.
- State policy leads to new China fuel crisis
Low state-set fuel prices have led Chinese refiners to cut supplies, leading to a new round of fuel shortages in China.
- Macandrews: EU members allowing maritime cargo to bleed onto road
- Busan New Port scraps container tax
- Concor targets booming car market
- Manufacturers await results of Sino-US textile talks
- Bangladesh bombs scare off buyers
- CN expands intermodal capacity
- Port of Houston completes wider, deeper ship channel
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| AUGUST 18, 2005 |
- SCI plots secondhand buys
State-controlled Shipping Corp of India wants to spend over half a billion dollars on 10 ships.
- Maersk sells LPG carriers
Danish shipowner is the seller of three 1990s-built carriers destined for India's Varun.
- Crowley waits for green light
Rate increases are making for powerful results at Crowley. Meanwhile, a stalled consolidation looks likely in Alaska.
- Mixed bag for Scandlines
Truck numbers up for German-Danish ferry owner, but passenger and car numbers drop in first half.
- Polembros offloads tanker
Greek owner set to make tasty profit after selling one of newest ships to Chinese buyers.
- Vita earnings leap
Singapore ship charterer clocks 20% increase in profits.
- MISC profits slip
Headline result down after fewer ship sales but underlying figures still strong.
- Wilson wins again
Bergen bulker owner lifts first half profits on back of higher revenues and controlled costs.
- Semlow pirates "looting rice"
Gunmen that seized Somalia-bound World Food Programme ship have reportedly started unloading cargo.
- TFDS in the black again
But profits still 30% down compared to last year.
- Hong Kong holds 10
Port state control checks during July bring in MOL and Evergreen vessels.
- TAL to float boxes
New York-based container leasing giant wants $200m from IPO in US.
- Profitable start for Genco
Extra tonnage helps lift results at Peter Georgiopoulos’ recently US listed dry bulk operation.
- Quintana releases more stock
Additional 268,500 shares hit the market as US panamax bulker owner exercises IPO over-allotment.
- LA cuts emissions
Voluntary vessel speed reduction program cuts port’s NOX emissions by 100 tons in first quarter.
- Ezra adds to orderbook
Singapore owner contracts two anchor handling tugs at Hong Kong’s Cheoy Lee Shipyards.
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| AUGUST 18, 2005 |
- WTSA adopts floating inland fuel surcharge
- Grindrod confirms talks to buy P&O Nedlloyd's South African services
- Damaged barge near Galveston leaking sulfuric acid
- CCNI receives 660 reefer containers
- UPS super-sizes fleet with jumbo jet order
- Standard & Poor's puts Delta on CreditWatch citing bankruptcy risk
- Airbus looks to further Russian participation
- Supply Chain Shipping picks IES integrated applications
- USDA considers imports of Japanese beef
- Bowen joins Target Logistic Services
- Crowley names logistics agent for Dominican Republic
- Port of Virginia July TEUs rise 8 percent
- Fraser River Port sees hefty cargo gains
- Ports of Indiana appoint executive director
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| AUGUST 18, 2005 |
- Stena orders ro-paxes in Russia
Stena RoRo has signed a newbuilding contract with Baltiysky Zavod in St Petersburg for two ro-paxes and with options ...
- Silja vessels will be sold
Owing to the unsatisfactory results of the ferry operations within Sea Containers, Silja Line is now facing significant changes when ...
- Scandlines problems in Denmark
Scandlines board meeting yesterday result in a decisions to stop sailing on Spodsbjerg-Taars on its own account. So now ...
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| AUGUST 18, 2005 |
- Bunker supply in Ecuador 'unaffected' by state-of-emergency
While the Ecuadorian government deals with disruption to local oil production, bunker supply remains normal - but suppliers are looking for future improvements.
- Houston prices head downward
Buyers wait rewarded with lower prices in main US bunkering port as demand surges.
- DNVPS defends stance on sulphur testing and reporting
DNVPS says it will continue to consider 4.5% the maximum sulphur limit for MARPOL purposes, but calls on the IMO for clearer guidelines.
- Titan: Fleet renewal & expansion will stretch to bunker barges
Titan looking to expand bunker tanker capacity as well as turning to a more double-hulled strategy for its oil transportation business.
- Withdrawn Port Said product 'not suitable for sale'
Question remains open as to how long the now withdrawn product may have been in the market.
- Proposed oil transfer rules raise pollution fears
ISU warns applying the proposals to bunker transfers could create problems and interfere with attempts to prevent pollution.
- Singapore: Residual fuel stocks at 11-month low
- Rotterdam softer with crude plunge
- LA: Speed reduction program slashes NOx emissions
Ships participating in a vessel speed reduction program at the port of Los Angeles have cut NOx emissions by 100 tonnes over a three month period.
- Bulk owner blames currency not bunkers for falling profits
Bulker owner blames currency depreciation, not bunkers for a decline in profits.
- Dubai to launch fuel oil contract in early 2006
In 2006, Dubai will launch a futures contract for trading in fuel oil, involving a range of commodities such as 380 cst and 180 cst grades.
- Swelling bunker costs hit seaweed industry in the Philippines
Rising bunker fuel costs have affected the Philippines seaweed industry, which relies on the fuel to run its equipment.
- OPEC to focus on light crude supply
OPEC is ready to increase oil output and to focus more on producing lighter grades of crude.
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