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| FEBRUARY 21, 2005 |
Shipping News
- M'sian Northport, Westport to merge?
PLANS to merge two of Malaysia's best-run ports in the Klang Valley may create one of Asia's largest container terminals able to handle a total of over five million containers a year.
- Panama okays canal fee hike despite industry opposition
Despite widespread opposition from the shipping community, the Panama Canal Authority has announced that its proposed hike in transit fees - nearly 63 per cent by 2007 - has been approved by the Panamanian government.
- Cargo ship breakdown blocks Suez Canal
A Korean-registered cargo ship broke down in the Suez Canal at dawn on Saturday, blocking the passage of at least 40 ships, a canal official said.
- LNG tanker fleet needs to expand 34%
- Discovery of century-old ferry book supports 2-pilot rule
- Shenzhen's Jan volumes surge 41% on rising trade
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| FEBRUARY 21, 2005 |
- China's development no threat to HK logistics industry, says Awards
- TSA predicts further rate increases, no end to congestion problems for next two years
- DPI to build, develop and run Indian port
- Ports of Auckland to buy share in container depot
- LA Port TEU throughput down slightly in January
- HK air cargo soars in January
- FedEx starts service to new Central Japan International Airport
- 5 more years for joint Qantas/BA service
- American to boost service to Brazil
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| FEBRUARY 21, 2005 |
- Conti-Lines to focus on Asia from new office in Mumbai
- Mercator Lines may set up Singapore arm
- Tricon Shipping & its German partner, Rohlig contribute to tsunami relief fund
- Shipping Ministry formulates plan to provide equity support for non-Major Ports
- Castor oil exports set to surge by 24 pc
- GAIL signs pacts with Iranian, Bangla companies
- Austria keen on better trade ties with India
- CONCOR’s ICD-Nagpur allowed to import unshredded metallic scrap
- Railway freight terminals to be modernised
- CONCOR presents interim dividend cheque of Rs 24.59 cr.
- Ahlers India celebrates first anniversary
- Govt considering enacting legislation to regulate textile sector
- Exporters stage dharna
- Exempt exports from VAT, urges CAPEXIL chief
- Interactive meeting with American business women’s team today
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| FEBRUARY 18, 2005 |
- Peruvian market rocked by sales tax loophole
Sales suffering as new law omits traders, brokers and other intermediaries from sales tax exemption.
- Management changes at Total
- Augusta avails held up by lack of cargo
- Bunker market re-entry in Q2 will hit ADNOC exports
Abu Dhabi National Oil Company (ADNOC) could re-enter the Fujairah bunker market as early as second quarter.
- Qingdao: Blaze aboard fuel barge extinguished
Oil operations resume after the blaze aboard a fuel barge was extinguished in the port of Long Kou.
- Cape Town MGO hiatus sends demand elsewhere
As recent refinery fire causes gas oil shortage for Cape Town, increased demand has been noted off-shore, while traders advise of alternative supply locations.
- Low value fuel oil forces Russia to reduce export duties
Failure of European high sulphur fuel oil values to match high crude prices prompts government to stimulate buying with duty cut for 50 million tonnes a year export market.
- Rotterdam stable ahead of Midday
- US Defense extends German purchasing contracts
US Defense bunker procurement arm extends its purchase contracts in Germany.
- SEAaT launches new environmental solutions portal
- Temporary oil price dip predicted before next OPEC meeting
Crude prices could dip next month as gasoline stocks come into focus, but rise again if OPEC decides to cut output say market players.
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| FEBRUARY 21, 2005 |
- Tideworks Technology chosen for terminal operations management systems in Venezuela
- Norway pushes HNS Convention
- RAlpin grows and expands services
- Unitpool teams up with Air Transat and National Aviation Services
- Grandi Navi Veloci awarded Rina Fleet Comfort Class
- Bellwinkel new Exel contract logistics director
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| FEBRUARY 18, 2005 |
- CMB's record year
- UK officers' union hits out at scapegoating
- Lubmarine's new cylinder lube
- Hamburg Sud restores service
- Farstad's better year
- USCG Commandant in IMO talks
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| FEBRUARY 18, 2005 |
- American research ship faces Mexican prosecution
- Environmentalists seek Newark Bay dredging delay
- European Parliament takes tough stance on pollution
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| FEBRUARY 18, 2005 |
- New container pricing system approved by Panama Canal board
- Rail freight numbers see gains during week
- Port of Olympia schedules 9th BoatSwap & Chowder Challenge
- Carriers form partnership to service Asia/LA
- Rostami named president of FESCO Agencies North America
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| FEBRUARY 21, 2005 |
- Brokers see red over China iron ore move
BEIJING is instituting creeping regulation of iron ore imports, the single greatest driver of the booming capesize market.
- Clubs miss target on premium rises
MOST of the protection and indemnity clubs seeking premium rises are likely to have fallen below target, according to evidence gathered just ahead of yesterday’s renewal deadline.
- Bureau Veritas sees benefit of Restis dry bulk deal
FRENCH classification society Bureau Veritas has been chosen by Restis Group fleet manager Enterprises Shipping & Trading to class all 32 bulk carriers the Greek shipowner recently purchased from Malaysia International Shipping Corp.
- SembCorp plumps up cash buffer for Solitaire payout
SINGAPORE shipyard owner SembCorp Industries has taken a further S$215m (US$131m) provision for the long-running legal battle over the termination of the conversion of pipelaying vessel Solitaire a decade ago.
- SeaFrance newcomer nears delivery
SeaFrance's newbuilding ferry SeaFrance Berlioz is pictured at Chantiers de l'Atlantique.
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| FEBRUARY 18, 2005 |
- CSAV opens agency in India
COMPANIA Sur Americana de Vapores (CSAV) of Chile, the largest Latin American shipping line, has established an agency in India with 11 offices
- Owners support Transchart
THE Indian National Shipowners' Association has expressed concerns over the proposed dilution of the role of Transchart, the chartering arm of shipping ministry
- Mississippi-Cuba trade pact renewal
US PORTS from Texas to Virginia are vying for existing and future trade with Cuba as the state of Mississippi re-staked its claim this week to be a major player in that trade
- Shipyard strikers attack police
SPANISH workers from private shipyard Naval Gijon in northern Spain yesterday launched fireworks at police during protests over new redundancy measures at the yard
- Dinosaur research to be fined
- Andamans passenger service resumed
- Kyoto to boost Brazilian exports
- Deltaport forced to cut box imports
- Shippers threaten to quit Marseilles
- China to slow iron ore imports
- Wallem opens Indian training centre
- China, HK box surge continues
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| FEBRUARY 18, 2005 |
- Watchdog hits port security grants
Report by Homeland Security says program lacked clear priorities that hampered efforts to allocate money where it would best serve needs.
- Hapag-Lloyd eyes Halifax potential
- China revives port upgrades
- More air freight heading to ground: Report
- Cargo helps flat Air France-KLM profit
- Court blocks Chennai strike
- S. Korea sets subsidies, aims for Japan FTA
- FedEx starts new Japan flights
- CaroTrans in UK partnership
- Nasdaq move for World Air
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| FEBRUARY 18, 2005 |
- Carriers to ration imports to Vancouver
Most carriers at Vancouver’s heavily-congested Deltaport have agreed to cut Asian import-cargo by 25% a week over four weeks from February 28, in an attempt to eliminate the persistent backlog.
- Clouded Hong Kong sunrise for PSA in Year of the Rooster?
PSA International’s (PSAI) latest Hong Kong bid has been surrounded by conflicting reports over whether one or both of the deals with NWS Holdings can be challenged.
- US import limits slow down export growth of Chinese textiles
- Hamburg pumps an extra ˆ262m in port expansion through 2009
- Steady Auckland expands in container logistics
- Kandla Port box-terminal privatisation next month
- New ICF link from Germany to Austro-Hungarian border
- Freight rates for SE Asian services likely to rise twice
- Australian rail wants its investment share
- Hanjin Shipping sets up logistics joint venture in Vietnam
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| FEBRUARY 18, 2005 |
- Analyst chides Teekay
MorganStanley cuts 2005 earnings projections, challenges tanker giant to pay out big dividend.
- Upstart leads the pack
Investors react to Top Tankers' strong earnings as most tanker peers finish week on the up.
- Arisons continue sell down
Family trusts earmark another 2% of Carnival Corp for sale.
- Top future for NYK ship
US listed tanker owner linked to $38m deal to acquire Japanese MR products carrier.
- Top Tankers tops estimates
Pistiolis says Greek company may explore dry-sector options in 2005 after strong tanker results in 4Q.
- ACM to open in Singapore
London broker makes first move overseas to support and expand derivatives operations.
- Oil fine for Norbulk
Scottish shipping group ordered to pay $35,000 over pollution offence.
- Trasmed beefs up Algerian service
Spanish ferry owner to run six weekly trips to Oran in March.
- Graig firms Vietnam options
Welsh boyos confirm seven more handymaxes from Vinashin, at a reported cost of $27m each.
- Tsakos zips pocket
Greek owner calls time on claims after tanker pollution costs pass $100m mark.
- Volgotanker opposes stake sale
Tax demand reducing value of government-held 20% in Russian tanker owner, it argues.
- Inui bulks up profits
Japanese bulker owner posts healthy nine-month earnings, and Tamai and Meiji also in black.
- Precious trebles profit
Tramp shipping proves lucrative for expanding Bangkok bulker owner.
- Lines rev up expansion plans
Japan's K Line and Mitsui OSK further revise bold growth strategies.
- CMB's profits return
Strong bulker markets, ship sales and Euronav spin-off bring back the good times for Belgian group.
- Freedom cost $500,000
The price paid to secure the release of kidnapped Kahraman Sadikoglu is revealed.
- Baltic eyes LNG business
St Petersburg shipyard wants a piece of lucrative Gazprom action.
- Ferry crash injures 97
High injury toll after catamaran collides with general cargo vessel in fog bound Hong Kong harbour.
- Namura slashes forecast
Japanese yard's losses in first three quarters prompt quick rethink of likely full-year result.
- Rankin set to rake it in
NOL board director looking at paper profit of $75,000 less than four months after starting new job.
- Profits soar at Austal
Interim profits up seven-fold due to high levels of production activity at Aussie fast ferry specialist.
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| FEBRUARY 18, 2005 |
- Australia/U.S. carriers return to Los Angeles
- Coast Guard’s commandant talks security with IMO secretary-general
- CMA CGM alters Asia/Black Sea services
- MOL appoints agents in Baltic States
- World Air Holdings 4th quarter net income surges 830%
- DHL plans East Coast distribution center in Allentown, Pa.
- American to start second nonstop Dallas/Fort Worth to Sao Paulo flight
- Double-digit intermodal growth for U.S. railroads
- WCO group seeks comment on draft international security standards
- TSA to lean on ITDS for domestic cargo data screening
- Chertoff picks former DOJ associate as chief of staff
- Hamburg to invest another $342 million in port expansion
- Hong Kong container traffic up 8% in January
- Coast Guard studies port access to protect North American right whale
- Port of Tacoma to sell land for $4 million
- Ports of Auckland buys stake in container depot company
- Gulfport renews agreement with Cuba
- Port of Lyttelton container volumes rise 8%
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| FEBRUARY 18, 2005 |
- EU suggests oil price band of USD 30–35
The EU has informally suggested to OPEC that they should adopt a new oil price band of USD 30–35 ...
- EU gloomy on upcoming shipyard meeting
The European Union, South Korea, Japan and China meet in Paris next week to try to agree on international trading ...
- Third grounding in Danish waters in one week
Last night another ship grounded in Danish waters. It was the Faroese-flagged "Tone", which was on its way to ...
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