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| MAY 20, 2005 |
Shipping News
- Canberra proposes single regulator of export ports
THE Australian federal government said yesterday it wants to take control of some of Australia's ports from individual states, in an attempt to reduce delays to valuable export shipments.
- UK ports firm P&O up on talk of Temasek interest
SHARES in British ports firm P&O Steam Navigation rose yesterday as talk swirled that Singapore investment company Temasek Holdings is building a stake in the company.
- Shipping IPOs set for Nasdaq record
ARIES Maritime Transport Ltd's plan to sell shares to the public for the first time may make the three months through the end of June the busiest on record for shipping company offerings.
Admiralty Casebook
- Sydney court defines 'owner' for arrest purposes
AN 'owner' for purposes of the relevant arrest provisions in Australia's Admiralty Act 1988 had to be an owner in the 'proprietary' sense and not just a registered owner in a ship registry, the Federal Court in Sydney ruled recently.
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| MAY 20, 2005 |
- CN averts national rail strike
- FEFC to increase freight rates
- Hamburg Sud christens new `cool' ship
- RMF gets Class-A licence for Ningbo
- EU seeks to limit Chinese textile products growth
- US west coast port congestion expected again this summer
- ELAA executive director resigns
- SIA Cargo forms JV to establish China-based air cargo carrier
- Hangzhou Airport to boost freight handling capabilities
- Qantas fires baggage handler in drug case
- Continental begins non-stop service from NYC to Bristol, UK
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| MAY 20, 2005 |
- SCI to seek govt approval for vessel acquisition plans
- Asian freight rates dip to 8-month low
- GE Shipping acquires 2nd Ice class Suezmax
- Kerala govt to develop 7 ports in Phase-I
- New Mangalore Port aims to handle 50 m tonnes traffic in 5 years
- Chennai Port installs wind curtains to contain coal dust pollution
- Cargo movers set to fly high
- A-I turns gaze to airfreight business with US, Europe
- Wagon Investment Scheme may cover all types of wagons, private trading houses
- Export obligation for SSIs scaled down
- Govt plans to invest Rs 100 cr. in 10 mega food parks
- CII proposes six steps for double-digit growth
- SEZ status proposed for Chandigarh tech park
- IRFT launches fair trade awareness drive
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| MAY 19, 2005 |
- Pollution body: Larger bunker tanks posing new threat
Around half of all oil spill responses involved bunker fuel, figures from pollution body for 2004 reveal.
- Norfolk expansion may benefit bunker suppliers
As port expands to meet container shipment demand, bunker suppliers expect increased business.
- Fuel oil diverted from bunkers to chemicals
Oil major says fuel oil previously used to make bunker fuel for ships is being diverted into chemical production.
- Lukoil top Russian refiner this month
Lukoil has been Russia's biggest oil refiner so far this month, closely followed by Yukos.
- FAMM: Fujairah market re-entry imminent
FAMM has confirmed that the company temporarily suspended operations in Fujairah, but maintains it could be back in the market "any day".
- IBIA calls on industry to comply with spirit of Annex VI
The International Bunker Industry Association (IBIA) has called on the bunker industry to comply with the spirit of Marpol Annex VI, in addition to meeting the specific technical requirements laid out in the legislation.
- Rotterdam softer with crude, market quiet
- Suppliers rush to declare Marpol VI compliance
With Annex VI of Marpol 73/78 (Marpol VI) coming into force today, many bunker suppliers around the world have been keen to emphasize that they will provide Marpol VI compliant fuels, documentation and bunker samples, but many continue to have reservations about the regulation's notes on the bunker sampling location.
- Singapore: Oil stocks up, no loading congestion expected
Singapore's onshore stocks of oil products rose by a total of 394,000 barrels in the past week, while local bunker traders said loading congestion is not expected ahead of this coming long weekend.
- Bunker contractors secure contracts
Two bunker traders have secured contract agreements with the US Defense Energy Support Center (DESC) to load marine fuels at its respective ports.
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| MAY 19, 2005 |
- Chris Bourne to retire from MOL (Europe)
- NOL’s good Q1
- FOS Cargo Airlines announces new summer schedule
- Kühne + Nagel takes over Mönkemöller and WM Cargonet
- Globe Express expands corporate network in China
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| MAY 19, 2005 |
- Braemar profits soar
- Annexe VI in force today
- UK imports up, exports down
- Aker Yard’s new orders
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| MAY 19, 2005 |
- Maersk to acquire ENSCO Venezuela drill barges
- ALSTOM power for Fincantieri newbuilds
- B + H Ocean raises $60 million
- House panel votes for limit on Navy ship leasing
- Malta, Cyprus off Paris MOU black list
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| MAY 19, 2005 |
- JetBlue Airways now calling Portland International Airport
- Port of Everett names new resident engineer
- Port of Bellingham opens restored marine park
- Ships face new regulations for control of harmful emissions
- Sea-Tac Airport chosen for DHS security program
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| MAY 20, 2005 |
- GFI/ACM links with McQuilling for US FFA push
FREIGHT derivatives brokerage GFI is extended its joint venture with ACM to McQuilling Brokerage Partners for the provision of forward freight agreements in the US.
- P&O shares rise on Singapore bid talk
Takeover speculation propelled P&O’s shares to their highest level for more than four years as unconfirmed reports suggested that Singapore’s PSA International is building a stake in the UK ports and ferries group.
- Brussels fails to placate Greek owners
GREEK shipowners reacted with scepticism yesterday to assurances from the European Commission that there would not be another Captain Apostolos Mangouras case.
- Steamship P&I reveals job cuts
LEADERS of Steamship Mutual are making a series of job cuts in their London office but are so confident of a steady financial future that they have given notice to cancel a large part of a reinsurance contract protecting their underwriting performance.
- Sterling to take post at Maritime Museum
LORD Sterling is to become chairman of the National Maritime Museum’s board of trustees.
- Sørensen to steer United Arab Shipping into global position
UNITED Arab Shipping Co is breaking with tradition and appointing a European to run the line, writes Janet Porter.
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| MAY 19, 2005 |
- Owners fear emission implications
THERE is growing concern over the implications of the ship emission requirements as set out in Marpol Annex VI, which enters force today
- Soerensen moves to UASC
KEN Bloch Soerensen has been appointed United Arab shipping Co’s new president and chief executive
- US hikes China curbs
THE US Committee for the Implementation of Textile Agreements has put new limits on Chinese clothing imports, which have buoyed trans-Pacific volumes in recent months
- India/Sri Lanka channel goes ahead
THE Sethusamudram Ship Canal Project was approved by the Indian government today, which will open up the Palk Straits between India and Sri Lanka
- Marina wants foreign investment
THE Philippines’ Maritime Industry Authority has drafted a plan liberalising the country’s overseas shipping industry to attract foreign investments and generate more jobs
- Aboitiz shuffles subsidiaries
- Australia plans ports take-over
- RDM behind Rotterdam collapse
- Standard: claims and reserves up
- Paris MOU's new risk-based regime
- NSB seeks new engine solution
- Arnie fights for LNG control
- Singapore liner exemption request
- Hyesung gets cruise approval
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| MAY 19, 2005 |
- PSA bid talk fires P&O shares
Stock hits four-year high amid speculation that the parent of PSA of Singapore (left) is building a stake in British transport and ports group.
- Big gains for Canada port
- Storm closes Quetzal
- Importers slam China curbs
- Miami, truckers sign agreement
- Funding for Mobile box terminal
- Charges swamp Rotterdam profits
- Long Beach wants new HQ
- Air France-KLM profit surges
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| MAY 19, 2005 |
- US imposes limitations on more Chinese textile products
The US Commerce Department said on Wednesday that it was expanding the list of quotas imposed on Chinese textile imports, bringing the total number of products restricted to seven.
- Ken Soerensen to join UASC as profits reach record levels
- Germanischer Lloyd: ‘container itself is the limitation’ for draught
- P&O Ports launches Australian intermodal challenge
- New crane gives Danube port hub status
- Lloyd Triestino ceases Black Sea coverage
- Shift in US policy gives backing to Gwadar development
- Shanghai stretches its lead over other Chinese ports
- Hanjin takes slots on two Pacific services
- Government to take charge of Australian ports
- Fraser River box cargo soars
- Masan handles first transhipment boxes
- Port of London annual review confirms 7.45% unitised growth
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| MAY 19, 2005 |
- Maua Jurong splashes yard cash
Brazilian shipbuilder gets ready to build new yard in bid to win Transpetro and PDV Marina business.
- Temasek moves on P&O?
Rumours suggest Singapore state agency building a stake in ferry and port operator.
- GL plans box giant
German class society working with domestic owner on huge 15,000-teu boxship design.
- NYK powers into Korea
Japanese giant furthers overseas bulker ambitions with five-year KOSPO coal deal.
- Global denies MMM talk
Malaysian owner wants to keep hold of tankers, despite alleged interest from rival.
- LauritzenCool wins again
Appeal court rejects shipowner's bid to reclaim reefers from Scandinavian charter pool.
- Aker seals German box deal
Norwegian group’s German yards to build containership quintet for NSB Niederelbe.
- Star adds another
Norwegian owner buys 453,000-cbf reefer from compatriot Nordenfjeldske.
- Profits inch up at Toei
Japanese reefer owner ends year with modest improvement, but suggests better is to come in FY2005.
- Augusta returns to Promar
Italian owner orders another supply ship from Aker Yards’ Brazilian unit.
- Cyprus and Malta upgraded
Two EU member islands are officially dropped from Paris MOU’s black list of flag states.
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| MAY 19, 2005 |
- Hamburg Sud christens fifth 5,500-TEU ship
- Matson to christen third new containership in Philadelphia yard
- CP Ships names Breaux CIO
- U.S., Ethiopia agree on open skies
- FIATA to hold worldwide meeting in Moscow
- H&M opens intermodal operations in Ohio, Virginia
- Agency to use special track inspection vehicles
- FMC reviews 5 OTI applications, revokes 8 licenses
- CITA OKs four more safeguards on China apparel
- Senate bill targets greater role for TSA, security improvements
- GT Nexus adds ocean contract and analysis software
- Mixed April growth figures for L.A., Long Beach
- Fraser River port first quarter cargo up 13%
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| MAY 19, 2005 |
- Cyprus and Malta off the black list
Cyprus and Malta have improved the quality of their fleets enough to drop off the black list of the port ...
- NSA misguided on taxes for owners
Morits Skaugen, one of the heavyweights in Norwegian shipping, says that the Norwegian Shipowners’ Association (NSA) is slightly misguided when ...
- Navy Seals interested in Norwegian stealth vessel
The US elite commando force Navy Seals has shown renewed interest in the Norwegian designed stealth navy vessel "Skjold" now ...
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