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| SEPTEMBER 19, 2005 |
Shipping News
- New security rules for US-bound cargo in works
Container shipping lines have been warned that bill of lading information for US-destined cargo will no longer be considered adequate by US authorities, which are likely to implement new requirements by year-end, according to the head of the World Shipping Council.
- Aussie regulator should block Toll bid: Patrick
AUSTRALIA's competition regulator should block a hostile A$4.6 billion bid for Australia's biggest port operator, Patrick Corp Ltd, from transport firm Toll Holdings Ltd, Patrick's chief executive said yesterday.
- Farm group asks Bush to waive shipping law
THE largest US farm group will urge the White House to allow foreign vessels to transport US corn and soybeans from ports damaged by Hurricane Katrina, an industry official said on Friday.
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| SEPTEMBER 19, 2005 |
- Longtan port to construct bonded logistics centre
- NYK to establish maritime college in the Philippines
- MICT gains 3 new managers
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| SEPTEMBER 19, 2005 |
- MOL hones manning skills
- Fewer ships drive up commodity shipping rates
- Pak grants licence for Mumbai-Karachi-Dubai ferry service
- Amla set to tickle foreigners’ palate
- Rubber exports accelerate; target within reach
- 27 pc rise in edible oil imports in 10 months
- Austria keen to step up trade with India
- Major Port Trusts given more financial powers
- Transhipment to end in 3 years, avers Baalu
- SCR GM sees promising growth potential in Kakinada
- Need to augment airfreight services between India & UK stressed
- Himmatlal M. Shah & Sons 1st to obtain VKUY licence for client
- Hoda committee to suggest changes in mineral policy & MMDR Act
- Exim Bank to float $ 1-bn bonds
- Trade tangles will be ironed out, Bangla Minister assures Fieo mission
- We’ll lower tariff rates to Asean levels, Prime Minister tells US Inc
- Stakes high for Gujarat with RIL, ONGC putting up petrochem SEZs
- Resolution to strategic sales of PSUs being worked out
- Dubai means business, trade team tells CII seminar
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| SEPTEMBER 19, 2005 |
- New Fiata officials
- Maersk revives FEX service
- Hermes wins Cyprus airport operation concession
- Kombiverkehr expanding Spanish services
- Yellow Roadway finalises China JV
- EU may withdraw initiative against weekend truck ban
- New Wim Bosman website
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| SEPTEMBER 16, 2005 |
- Wilh Wilhelmsen, SvitzerWijsmuller in supply vessel JV
- Graig orders new-design bulkers from Vietnam
- NoE chairman questions minimum manning
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| SEPTEMBER 17, 2005 |
- New licensing requirements for towing vessel operators
- Port Erie shipyard has new operator
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| SEPTEMBER 16, 2005 |
- Port of Kalama awards warehouse construction contract
- EPA eyes Quendall Terminals for inclusion on Superfund list
- Port of Olympia names new finance director
- Port of Portland reports on environmental progress
- Rail freight traffic not hit by Hurricane Katrina
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| SEPTEMBER 19, 2005 |
- Read the runes on Imarex says Carnegie
NORWEGIAN investment bank Carnegie has initiated coverage on derivatives exchange Imarex with a bullish assessment of its future prospects.
- APM Terminals seals Dunkirk box port deal
THE Maersk group’s APM Terminals is to take over operation of Dunkirk’s Nord France container terminal after winning out over competition from the CMA CGM shipping group and Australia’s International Infrastructure Management partnered by the UK’s PD Ports.
- US flag owners oppose Jones Act extension
THE US-flag shipping industry came out strongly last week against extending the waiver of the Jones Act for coastwise petroleum product shipments granted in Hurricane Katrina’s aftermath, which was scheduled to expire at midnight yesterday.
- Katrina disaster impact to top agenda at IUMI in Amsterdam
ENERGY and marine underwriters will discuss ways of tightening cover in the wake of Hurricane Katrina, as delegates begin the 2005 meeting in Amsterdam this week of the International Union of Marine Insurance, writes James Brewer.
- Silja’s Finnjet goes out on a high as hurricane aid ship
SILJA Line is going to send its soon-to-be discharged Finnjet to New Orleans as emergency shelter.
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| SEPTEMBER 16, 2005 |
- Silja Line situation 'serious'
SEA Containers, the Bermuda-based company planning to restructure its ferry division, is in "a serious situation", the head of its largest ferry unit has admitted
- Venezuela struck off 'drug ally' list
VENEZUELA has been dropped from the US 'list of allies' in the drug war, having 'failed demonstrably' to stop illicit drugs flowing through it en route to the US and Europe
- Novoship battle takes new twist
THE fight over who will control Novorossiysk Shipping Company (Novoship), Russia's leading tanker operator by fleet size and asset value, took a new direction today
- Navios touts consolidation platform
NAVIOS chief executive Angeliki Frangou has underlined her company’s potential to consolidate the dry bulk sector
- Jones Act waiver sunset nears
- OSG's grand Jones Act plan
- Karachi-Mumbai ferry service matures
- Diplomacy secures Mirna release
- Cosco Holdings share price continues slide
- Legal hiccup offers criminalisation hope
- PSA chairman Lee to step down
- Speeding car crashes through ferry
- Singapore to set up bunker panel
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| SEPTEMBER 16, 2005 |
- Customs may require earlier import data
Agency is mulling move designed to improve targeting of risky container shipments, says Chris Koch, chief executive of World Shipping Council.
- Hapag-Lloyd CEO Adrion to chair World Shipping Council
- Customs Update: Bond guidelines change again
- North Carolina ports re-open after storm
- Asian trio sets Asia-Med CMX
- Polar Air pilots strike
- CaroTrans opens direct Houston-Brazil services
- Cosco Pacific, OOCL set Ningbo berth
- House OKs Coast Guard budget
- D. Post's Exel bid near: Source
- CMA CGM acquires Sudcargos
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| SEPTEMBER 16, 2005 |
- Maersk agrees to pay South China's port security charge
Maersk Sealand, which will charge shippers in Shenzhen and Hong Kong a RMB50 (US$6)/box port security charge on October 1, will start paying all terminals in the region simultaneously.
- Van Slobbe turns down offered Maersk move
Rutger van Slobbe is to leave P&O Nedlloyd (PONL)/ Maersk Line by early next year, stating that he does not favour the offered move to Copenhagen, for personal reasons.
- Dunkirk terminal awarded to APMT
- New cranes defuse carrier surcharge threat at Mombasa
- Fock to take over PSAI Chairmanship as Lee steps down
- CMA CGM wraps up SudCargos acquisition
- China and US to talk again
- HK growth slows again in August
- Hanjin, K Line and Yang Ming launch Med service
- Lloyd Triestino starts North Africa feeder route
- Privatise passengers, freight and infrastructure together, DB board advises
- Manila managers appointed by ICTSI
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| SEPTEMBER 16, 2005 |
- Saade strikes again
French state-controlled SNCM has sold its interest in ro-ro operator Sudcargos to CMA CGM.
- Waive Jones, beg farmers
US farmers want to use foreign-flag ships for domestic movements of some agricultural products through year's end.
- Graig goes for smaller handies
Hugh Williams-led Graig confirms rumours of something afoot in Vietnam with news of up to eight 34,000-tonners plus six larger vessels.
- Leventis seeks Unity
Greek shipping and trading group emerges as key bidder in Nigerian shipping privatisation.
- CMB revises earnings
Marc Saverys-led CMB has cut its half-year result by EUR 13.6m ($16.6m) after figuring its taxes.
- Two run for Novoship
Sovcomflot executive Sergei Teryokhin is government candidate to head rival Russian shipping venture.
- Silja Katrina windfall
Ferry Finnjet on way to lay-up is diverted to Louisania to help local hospitals.
- Bijela expects sell-off
Montenegrin repair yard builds workforce ahead of privatisation.
- Top deal for Eitzen
Norwegian shipowner splashes out $52m on early nineties built products carriers.
- Latvian battle continues
Riga court postpones hearing over ousted directors Alvis Akmens and Aivars Enkuzens.
- Wilson makes it $108m
Kristian Eidesvik-controlled Wilson says it has spent $108m buying secondhand mini-bulkers in a four-year campaign.
- Wilh teams with Moller
Scandinavian shipping groups establish Express Offshore Transport joint venture.
- PSA must wait
Turkish court freezes award of port operating contract.
- Siat profits halved
Losses on Festival Cruises hit Italian insurer's first-half figures.
- Wilh lifts Unitor stake to 97%
Company will now consider compulsory takeover for rest of shares in marine equipment purchase.
- Trio cooperate again
Yang Ming, K Line and Hanjin follow up terminal venture with Asia-Mediterranean service.
- Log carrier freed
Croatian vessel Mirna Rijeka finally sails from Indonesia after 2004 arrest for alleged illegal timber smuggling.
- Higher charges in Australia
Maritime authority imposes flat fee on ships to pay for pollution control measures.
- Jinhui chairman sells
SF Ng disposes of direct interests in shipping company.
- Fisher offloads Pearl
UK shipping group sells laid-up cable layer to Shipman in Norway - and buys another company.
- Aussies fine Cido
Tokyo-based owner successfully prosecuted for illegally dumping rubbish off New South Wales in 2003.
- PSA box numbers jump 18%
Singapore terminal operator sees hefty increase in throughput in the first eight months of 2005.
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| SEPTEMBER 16, 2005 |
- CKYH alliance carriers to start Asia/Mediterranean service
- Yang Ming to join Wan Hai's Asia/Middle East/Indian subcontinent loop
- STB votes not to dismiss Guam ocean carrier rate complaint
- PSA names Fock chairman
- Strobel to replace Fisher as Nicor chairman
- BA World Cargo suspends raise to fuel surcharge
- U.S., Canada join together to conserve fuel
- FMCSA relocates cargo securing meeting
- U.S. textile manufacturers file for nine China safeguard extensions
- U.S. Chamber praises anti-counterfeiting bill
- U.S., EU reach agreement on wine trade
- Changes considered for U.S. transport rules for animals and birds
- Jamison picked as TSA deputy
- Port of Long Beach again sees record TEU levels
- Gulfport makes progress in recovery
- North Carolina ports open for landside operations
- Kalmar receives RTG orders from South American terminal operators
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| SEPTEMBER 16, 2005 |
- Secret bidding round for the Gotland ferry koncession
Yesterday was the last day for prospective operators to file their applications to participate in the tender for the domestic ...
- Herning signs up for four newbuildings
Herning Shipping has signed up for a series of four newbuildings from a Turkish shipyard in the first series ever ...
- Few vessels fixed during Jones Act waiver
Only very few foreign flag product tankers have been fixed for US coastwise trade under the suspension of the Jones ...
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| SEPTEMBER 16, 2005 |
- USEC ports 'open for business'
Wilmington and Norfolk fully operational as hurricane Ophelia heads out to sea.
- Trafigura in new deal with KIC
Swiss trader continues expansion of its Asian fuel oil cargo and bunker business through new deal with Malaysian firm.
- Lube buyers forced to compromise quality, change fuel specs
Marine lubricant buyers asked to substitute cylinder oils for lower base number products usually deemed incompatible, resulting in a need for fuels with lower sulphur content.
- Cruising through troubled waters
Cruise liners appear well equipped to stay profitable despite fuel price gains and hurricane devastation.
- Tax hike expected to choke Russian fuel oil exports
Resurgence in Chinese demand corresponding with anticipated drop in Russian fuel oil exports, putting more pressure on other supply sources.
- Rotterdam market steady late morning
- NT Marine: New CEO formally announced
- Oil prices drop slightly on slowing demand
World oil prices dropped below $65 in New York last night on forecasts by OPEC that global demand for oil is slowing down.
- Hong Kong: Active market fuels strong demand
Hong Kong's bunker market has been bustling with activity this week as bunker traders reported high level of enquiries.
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