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| JANUARY 20, 2005 |
Shipping News
- Lines, ports await lull to clear jam, oil machines
THE 13 major container carriers operating on the transpacific trade lane say the traditional Chinese New Year slowdown will allow the trade to catch its breath after a frenetic year of record cargo growth as it braces for more growth this year.
- Dry bulk rates soften but expected to firm through '05
COSTS for shipping the world's raw materials fell early this week on slower Asian demand, but analysts saw the market firm through 2005 as China continued to dictate trade patterns and prices.
- Star Cruises to skip Phuket until Feb-end
MALAYSIA's Star Cruises will continue to give tsunami-wrecked Phuket a miss until at the least the end of February, diverting two vessels to Langkawi and Penang instead.
- Global orders for LNG tankers hit record last year
- Osaka Gas says Oman Shipping may take stake in new tanker
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| JANUARY 20, 2005 |
- P&O Nedlloyd to buy CMA CGM Black Sea service slots
- Lunar New Year to provide needed break for transpacific lines
- Vancouver processes record number of boxes in 2004
- Tanjung Pelepas breaks 4m TEU barrier
- MOL to open UAE subsidiary
- Ferguson awarded Class A licence
- Lykes Lines awarded US$145m contract by US Government
- 2004 another record-setting year for HKIA
- Korean Air orders 5 new super jumbo A380s
- Czech student in Madrid wins TIACA award
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| JANUARY 20, 2005 |
- MMD, Mumbai, poised to enter e-age with e-Jahaz
- Vessel-related charges for coastal cargo, containers cut by further 10 pc with effect from February 1
- Perma Container Line to open third office in New Delhi
- Florens appoints OSL Shipping Agencies as India representative
- Govt earmarks $ 10 bn from forex reserves to develop box terminals
- Mundra Marine Services opens empty park for container repairs
- Kerala govt floats fresh tender for Vizhinjam ICTT development
- India, US sign aviation pact
- GST regime final goal: Chidambaram
- All industry duty drawback rates revised
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| JANUARY 19, 2005 |
- Houston: Demand slumps after busy holiday activity
- Suppliers forced onto sidelines in competitive Panama
Prices for key product IFO380 comparable with US Gulf Coast prices, say players.
- Simple economics helps and hinders South Korean bunker market
While better bunker prices in South Korea tempt ship owners away from Japan, Chinese fuel oil demand is a more tempting outlet for Korean refineries than the bunker market.
- Volgotanker seizures could hurt Russian exports
Russian tanker and barge operator Volgotanker has warned that the seizure of some of its assets by authorities after allegations of tax evasion could affect the country's exports.
- ARA market on even keel this morning
- Yanbu / Singapore: New shipments on-spec for sodium
Latest fuel oil shipments from Yanbu to Singapore have been tested and found to contain less than 100 ppm sodium.
- US Justice Department sues Massachusetts over spill bill
The state of Massachusetts was being sued yesterday by the US Justice Department for adopting state oil spill laws which are in contravention with federal regulations.
- Intertanko: Emissions trading, abatement unsuitable for tankers
In an interview for February's edition of Bunkerworld's quarterly magazine, Intertanko explains that emissions capping alternatives are largely unsuitable for the tanker spot market.
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| JANUARY 20, 2005 |
- Manhattan Associates expands customer base
- EU regulations on driving and rest times to be checked more
- Swiss Post International expands activities in Italy and Sweden
- Railion Deutschland sheds loss-making subsidiary
- Qatar Airways one of the fastest growing airlines worldwide
- Wallenius Wilhelmsen joins Clean Cargo Group
- Via-MAT group announces promotions
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| JANUARY 19, 2005 |
- Camillo Eitzen chases Finaval chemical tankers
- ShipServ in Korean deal
- Singapore shipping community gives US$86,000
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| JANUARY 19, 2005 |
- ConocoPhillips files offshore LNG terminal application
- Rowan profits soar
- AIDAcara to be modernized
- Feds challenge Massachusetts spill law
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| JANUARY 19, 2005 |
- WTSA member carriers plan metal scrap rate boost
- DOT taps Lykes Lines for five MSP vessels
- Norfolk Southern boss named top railroader
- Sea-Tac Airport installs phone lines with interpreters
- Port of Vancouver, BC sees tonnage gains in 2004
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| JANUARY 20, 2005 |
- Anchor find brings new twist to Athos I oil spill inquiry
MORE debris has been detected on the bottom of the Delaware River in the area where the Athos I casualty occurred last November, the US Coast Guard has announced.
- USCG sues Massachusetts in anti-pollution bill squabble
IN A robust manoeuvre to protect its regulatory turf on oil pollution at sea, the US government has sued the Commonwealth of Massachusetts to strike down a state-level oil spill Bill enacted last summer in response to a 2003 spill in Buzzards Bay, writes Rajesh Joshi.
- New EU ship emissions crackdown
DRAFT recommendations for the second reading of Europe’s marine fuels legislation urge the European Parliament to take a hard line on sulphur content.
- Consortia rules to get EC extension
THE European Commission is planning to extend shipping consortia regulations for another five years with only minor modifications.
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| JANUARY 19, 2005 |
- Korea eyes tie-up with Greece
SOUTH Korea and Greece are looking to clinch a shipping agreement that would further enhance maritime co-operation
- OOCL signs Ningbo agreement
HONG Kong’s Orient Overseas Container Line is investing in the development of five container berths at China’s deep-water Ningbo port
- Germany aids Sri Lanka surveying
GERMANY´S Hydrographic Office will take over the sponsorship of the Sri Lankan Hydrographic Service following the Indian Ocean tsunami
- St Petersburg port for sale, again
- Ferryways launches new route
- USCG, lawyers take on Massachusetts
- Delaware debris: more found
- Carnival sharpens port focus
- Eitzen in Finaval take-over talks
- Confitarma head Montanari resigns
- Search underway for coaster captain
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| JANUARY 19, 2005 |
- Vancouver hub declares force majeure
Deltaport operator denies liability for container delays, blames railroad for congestion.
- Eastbound trans-Pacific volumes to rise 10-12%
- Charterers tighten grip on capacity
- Shippers ask court to review NVO rule
- U.S. could host NAFTA summit: Report
- BNSF, Canadian National routing to bypass Chicago
- Strong growth for Asia terminals
- Vancouver exports up 11%
- Tampa narrows port exec search
- Savannah bulk terminal sold
- OOCL to invest in Beilun terminal
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| JANUARY 19, 2005 |
- Historic agreement sees Taiwan carrier seal China port deal
Evergreen Group subsidiary, Lloyd Triestino (China), became the first Taiwanese company to invest in a Chinese port after it signed an agreement with Ningbo Port Group on Monday.
- Shippers cut carriers loose over anti-trust immunity
Shipping lines have often argued that the drive to abolish their block exemption from the EC’s competition regulations came from shippers’ councils who were out of step with their membership.
- Tonnage and short-term charters both rarer, as HR Index continues rise
- CN and labour negotiators agree news blackout
- UP recovery gathers speed, but network effects ripple out
- Guangxi and the ASEAN strengthen regional trade
- Rotterdam Port’s commercial boss quits
- Transpac lines expect 80-85% utilisation during New Year slowdown
- US speeds up southern border to FAST setting
- World's largest gantry cranes installed at Dubai Port
- Team Lines meets high season for reefers with increased Baltic service
- Refrigerated warehouse to be built in Gwangyang
- Stinnes Intermodal goes for the long haul
- Seoul announces Chinese New Year stoppage times
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| JANUARY 19, 2005 |
- Transpetro delays newbuilding tender
Brazilian owner pushes back bidding to 28 February for massive tanker project.
- Imarex buys into NOS
Freight derivatives exchange takes stake in clearing house two months after NOS tried to distance itself from its partner.
- Color Line keeps the faith
Prinsesse Ragnhild will retain Norwegian flag after transfering to new route.
- New suspects in Athos 1 spill
Dumped anchor and concrete slab added to list of culprits as clean-up costs set to rise past $100m.
- Oman eyeing Osaka stake
Middle East owner in talks for majority investment in one of Osaka Gas' Qalhat carriers.
- Lindo yard lobbies for aid
AP Moller-Maersk shipbuilding unit might get subsidies in state bid to protect jobs.
- Search on for missing master
UK Coastguard launches hunt for Dutch cargoship captain feared overboard off east coast of England.
- Ivory ban
Court annuls Bollore contract to operate Abidjan container terminal.
- Kenya ports chief arrested
Brown Ondego suspended pending probe into drugs smuggling and corruption charges.
- Yard files for bankruptcy
Dutch shipbuilder De Hoop’s Heusden facility faces bleak future.
- BCL bolsters earnings
Bermuda boxship operator grows volumes and profits in first three quarters last year.
- OOCL stretches out at Ningbo
Hong Kong line teams with Hutchison Whampoa to expand and take a stake in China’s second-largest port.
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| JANUARY 19, 2005 |
- Worldwide containership fleet growth accelerates
- Transpacific carriers anticipate "lunar new year" lull
- Major stockholder cancels sale of stake in CSAV
- LoBiondo asks for “Athos” explanation
- COSCO establishes Bangladesh agency
- Boeing buys 1 million shares in World Air Holdings
- Union Pacific close to reopening two storm-damaged lines
- Pacer appoint Clarke to board
- TSA to apply CBP cargo lessons to domestic security
- Trafficker pleads guilty for attempted arms export to Colombia
- USTR praises Taiwan, Poland for improved IPR protections
- Lyons named ITC general counsel
- Evergreen, OOCL and Hutchison invest in Ningbo port
- Singapore closes box traffic gap with Hong Kong
- NASSCO gains two more T-AKE dry cargo ship contracts
- Port of Vancouver, B.C., sees 11% rise in cargo for 2004
- Le Havre topped 2 million TEUs in 2004
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| JANUARY 19, 2005 |
- Danish Ship Finance to go private
The Danish Government has now come up with the proposal to transfer Danish Ship Finance into a limited company by ...
- Strategic changes in Golar
Golar LNG is reorganising its technical management and up to 20 staff will be made redundant in London. The reorganisation ...
- New DFDS Seaways style on cruise ferries
DFDS Seaways will spend some EUR 13.5 million (DKK 100 million) over the coming weeks in renovation works on the ...
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