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06 April 2020 The on-line newspaper devoted to the world of transports 10:41 GMT+2

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The Business Timesweb site
DECEMBER 19, 2005
Shipping News
  • PSA wraps up 2nd joint venture in S'pore with shipping line
    PSA Corporation has formed a joint venture with Mediterranean Shipping Company here - its second tie-up with a shipping line at its coveted Singapore terminals.
  • NUS to offer two maritime professorships
    TWO professorships are being set up at the National University of Singapore in another step towards developing Singapore as a premier centre for maritime R&D.
  • HK port's Nov box volume declines
    HUTCHISON Whampoa, PSA International and other operators of Hong Kong's port handled 7.9 per cent fewer containers in November than last year, as competition from neighbouring Chinese ports increased.
  • Officer shortage expected to worsen

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Sched Netweb site
DECEMBER 19, 2005
  • Overall box throughput in China expected to increase by more than 20pc in 2005
  • Hong Kong throughput slides in November
  • More Asian cargo begins to move through Halifax
  • Zhengzhou-Foshan freight train service starts a chugging
  • 300-ton vessels to sail on Hangzhou-Ningbo canal soon
  • SIA to offer Moscow service in 2006
  • Boeing and El Al Airlines finalise 777 order
  • Pune Airport to open cargo complex
  • World Airways approves labour contract
  • Boeing delivers 777 to Vietnam Airlines

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Exim Indiaweb site
DECEMBER 19, 2005
  • SCI plans to launch Indafex-3 service
  • ICS-BIMCO International Conference concludes on optimistic note
  • FEFC to lower BAF charge
  • Shipping industry demoralised by LNG import decision
  • Canadian cos line up to invest $ 400-600 m in 2006
  • Suez Canal Authority's expertise for Sethu project
  • Software exports may triple in 5 years
  • Vegetable oil imports rising
  • Kottayam to have new state-of-the-art multimodal ICD and dry port
  • Adani Group plans to build toll-based LNG, terminal at Mundra Port
  • Kakinada Deep Water port sets new national iron ore fines handling record
  • Volkswagen team inspects facilities at New Mangalore Port
  • Second box terminal at Chennai Port: Bid to open on December 31
  • Towering warehouses to dot London skyline, aver consultants

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International Transport Journalweb site
DECEMBER 16, 2005
  • OOCL establishes own office in Switzerland
  • Irish Ferries dispute over
  • EGSAC Turkey relocates to new headquarters
  • Gebrüder Weiss growing in China

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Maritime Global Netweb site
DECEMBER 16, 2005
  • APL, Christian Salvesen launch Holistica
  • New boss at DNV
  • Wallenius Wilhelmsen goes Logistics
  • Color Line confirms fast ferry orders
  • Mission to Seafarers set for busy Christmas

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Marine Logweb site
DECEMBER 17, 2005
  • B.C.'s not-so-fast cats may sail again
  • $17 million Navy contract for Earl Industries

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Lloyd's Listweb site
DECEMBER 19, 2005
  • Three masters face prosecution over Elbe collision
    HAMBURG shipping police has launched criminal proceedings for endangering shipping against all three masters involved in the serious accident on the river Elbe, near the entrance to the Kiel Canal.
  • Aon issues safety warning over LNG overcapacity fears
    Overcapacity in liquefied natural gas shipping could be as much as 12% in the next few years, Aon, a leading insurance broker and risk management consultant, has predicted.
  • Genmar bond buyback could trigger huge expansion drive
    GENERAL Maritime has cleared the decks for a potentially huge expansion drive by tendering to pay off an outstanding $226.48m series of bonds.
  • Babcock & Brown grabs PD Ports cut
    Australian investment firm Babcock & Brown has bought one-third of PD Ports' bond issue following its agreed £337m ($597m) takeover bid for the UK group, writes Tony Gray.
  • Dubai Ports loses more P&O shares
    Some more P&O shares have trickled away from the institutional support which Dubai Ports World revealed when launching its £3.3bn ($6.2bn) bid for the British ports and ferries group, writes Tony Gray .
  • BP makes $9bn on Innovene sale
    BRITISH oil major BP has sold its Innovene petrochemical business to Ineos in a $9bn deal, leaving the London-based group with profits to give back to shareholders, writes Martyn Wingrove.

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Fairplayweb site
DECEMBER 16, 2005
  • Carnival reaps $2.3Bn profit
    CARNIVAL Corp has revealed massive profits for its fiscal year, following strong earnings for its fourth quarter despite a 50% hike in fuel costs and the worst Atlantic hurricane season in history
  • Carnival's FEMA charter 'neutral'
    CARNIVAL Corp has recorded some gains from the three-ship post-Katrina FEMA charter, but the final result is expected to be revenue-neutral
  • Magsaysay to manage Lorenzo boxships
    MAGSAYSAY Maritime is taking over management of the fleet of Filipino compatriot Lorenzo Shipping with effect from next month
  • Petronet bidders make assurance
    THE joint venture partners that almost secured the Petronet LNG deal have sought to avoid a re-bid by promising to share the benefits of flagging-out with the charterer
  • Trinidad Train 4 powers up
    ATLANTIC LNG of Trinidad begins LNG production at its new Train 4 today, substantially hiking the island's export potential to the US
  • Canada blocks Salt vessel request
    THE Canadian Transportation Agency has blocked a bid by Canadian Salt to use foreign rather than domestic ships to move salt up the St Lawrence River
  • Panama moves closer to India
  • Le Havre gantry drivers to strike
  • Kingston box terminal boost
  • Environmental damage must be reported
  • China Merchants bolsters operations
  • Los Angeles' Masashi on a mission
  • Capital injection for Lloyd Werft
  • Maua metal workers strike over pay
  • Irish plan seafarer strategy

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The Journal of Commerceweb site
DECEMBER 16, 2005
  • China port box volume up 24%
    China's largest ports handled 67.68 million TEUs in the first 11 months of the year, with volume at Shanghai (left) up nearly 25 percent.
  • WTO talks in trouble, EU warns
  • Shenzhen port expansion
  • DHL completes Exel purchase
  • New line to link Port Manatee and Mexico
  • STB's Nober to resign Jan. 3
  • Former LA port chief joins consultant
  • Cargo security council elects officers

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Containerisation Internationalweb site
DECEMBER 16, 2005
  • Hamburg faces 1m TEU Maersk Line/ PONL/ TNWA merry-go-round
    Hamburg is on the brink of an unprecedented ' almost 1m TEU ' cargo merry-go-round, with HHLA losing P&O Nedlloyd business in February and Eurogate losing New World Alliance business in March.
  • HK Port is sacrificed in competition among terminal operators
    An industry observer has predicted that the throughput of Hong Kong will continue to see negative growth in 2006, given fierce competition from Shenzhen and HK terminal operators themselves.
  • Lines look to utilise new Panama Canal capacity
  • Concor plans JNP, Maersk and POP common rail operation
  • DP World vehicle shifts down a gear in P&O bid, to 15.8%
  • Santos halves cabotage cargo rates
  • Hutchison's terminal in Busan sets record in Korea
  • Guangzhou and Gothenburg sign sister-port agreement
  • JV form gives jump-start to start-up, in a consolidation marketplace
  • China abolishes self-restraint textile export tariffs
  • Wan Hai completes upgrade CTP
  • Jakarta and KL resolve to ask for contributions in fight against piracy
  • Radiation detectors introduced in Canadian ports to thwart terrorism
  • US Customs seize $11.4m of fake goods, in pre-Xmas anti-shopping spree

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TradeWindsweb site
DECEMBER 16, 2005
  • Not into bondage
    Why General Maritime is retiring $226m in high-yield bond debt, and why it's doing it now.
  • Carnival up, but...
    Shares head down as cruise company warns 2006 earnings won't meet analyst forecasts.
  • New name for Wallenius Wilh
    Car carrier emphasises logistics as new chairman Lone Fonns Schroder set to take over.
  • MCA holds 10
    Disabled cargoship Galina spent all month in Falmouth after losing engine power and requiring tow.
  • Terney to be released
    Russian cargoship under arrest for entering North Korean territorial waters in storm could soon return home.
  • Genmar launches bond buyback
    Company anxious to cancel $226m-worth of debt at 10% interest.
  • Horizon hikes fuel charge
    Shippers will see 2% increase on fuel supplement to Hawaii and Guam.
  • Jinhui deal hits rocks
    Charter complications lead to cancellation of agreement to buy modern handysize bulker from Allied Maritime.
  • Temas targets big jump
    Indonesian boxship player benefiting from increased efficiency and freight rates in 2005.
  • Saaremaa secures state subsidy
    Estonian ferry line agrees final payout for services to Baltic islands, as contract comes up for renewal.
  • TMM splashes rail cash
    Mexican tanker owner to buy back 2007 notes using proceeds from railroad share sale.
  • FreeSeas merger go ahead
    Deal to provide funds for expansion of Gourdomichalis brothers venture through amalgamation with Trinity Partners secures investor approval.
  • Vita sells Green City
    Singapore owner offloads vessel to Indonesian principal in a bid to keep down operating costs.
  • SMIT expands into Brazil
    Dutch tug and salvage group takes 50% stake in harbour towage firm and plans major expansion.

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American Shipperweb site
DECEMBER 16, 2005
  • CP Ships name to go
  • Horizon Lines to raise Hawaii, Guam fuel surcharge 2%
  • Evergreen Airlines to operate 787 cargo shuttle
  • Pilot Air promotes Brick
  • GAO cites improvement in FMCSA's enforcement of truck safety
  • Nober will not seek second term as STB chairman
  • Mullen to lead CBP policy office
  • CBP snags $11.4 million worth of fake goods
  • U.S. remains firm on food aid at WTO talks
  • Turkish textile group warns WTO on zero-quota assistance
  • U.S. supports eliminating duties on West African cotton
  • UN units pick DHL to coordinate disaster response
  • Cuba agrees to buy 500,000 tons of U.S. wheat
  • Honduras gets radiation detector from U.S.
  • Port Everglades' throughput up 22% in 2005 fiscal year
  • Long Beach's TEUs up 4.8 percent in November
  • CSI starts in Lisbon

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The Scandinavian Shipping Gazetteweb site
DECEMBER 16, 2005
  • SeaDrill still keen in Smedvig
    John Fredriksen-controlled SeaDrill may make a last-ditch effort to wrist Smedvig from Noble Corp after the big US ...
  • IACS adopts common rules from April 2006
    Common Structural Rules for Tankers and Bulk Carriers have been unanimously adopted by the Council of the International Association of ...
  • "Vertigo" will come up in the weekend
    The salvors expects the sunken bulk carrier "Vertigo" to be raised during the weekend. The SvitzerWijsmuller team are preparing to ...

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The Bunker Bulletinweb site
DECEMBER 16, 2005
  • High US prices attract European cargoes
    Tight avails on the US East Coast driving prices higher and fuel oil traders in Europe looking at arbitrage opportunities.
  • Freeport has small stem available
    Limited quantity of IFO380 available in the Bahamas.
  • Carnival shrugs off fuel price hike
    Cruise operator posts record fourth quarter results despite a 50% rise in fuel prices.
  • US: Platform owner to sue barge operator for damage
    US barge operator downplays lawsuit arising from a collision between fuel oil barge and platform that resulted in damage and oil spill.
  • Container line ups fuel surcharge
    US container line to hike fuel surcharge from January 2, 2006 to cover higher bunker fuel costs as well as higher fuel outgoings for its shoreside activities.
  • Russian bunker association gathers momentum
    Recently formed association considering several newly received applications for membership.
  • Rotterdam year-end bookings already tight
  • Chief engineer fined for spill during bunker transfer
    Australian court fines chief engineer for oil spill during bunkering.
  • Chevron holds back participation in state oil spill drill
    Company not taking part in compulsory Washington state Columbia River drill.

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