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| APRIL 21, 2005 |
Shipping News
- Deal to raise benchmark pay for seamen by 10%
A powerful global transport workers' union has managed to raise the benchmark pay for ocean-going seamen by 10 per cent and placed the flags of three new registries under its watchful eyes, labelling them flags of convenience .
- Fuel oil market: Dubai won't threaten S'pore lead, say analysts
DUBAI will complement, and perhaps challenge, but not threaten Singapore's position as the premier Asian oil trading hub, say oil traders.
- Great Eastern to buy 13 new ships
GREAT Eastern Shipping Co, India's second-biggest shipping carrier, said it will spend US$300 million to buy 13 new ships in the next two years.
- China Shipping's Q1 profit doubles
- Cosco hopes to raise US$1.5b from listing of shipping arm
- Key Australian coal port ordered to cut terminal charges by 17%
- Japanese yards get export orders for 33 vessels
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| APRIL 21, 2005 |
- PSA China terminals performance improves in 2004
- CPR embarks on capacity expansion in W Canada
- Rotterdam throughput up in first quarter
- Norasia to launch AME service
- Hamburg keen to invest in Indian ports
- Australia needs to step up maritime security, report says
- US, India sign open skies accord
- Dragonair sees rebound in March throughput
- CX to add new flights to Frankfurt and Denpasar
- Northwest Airlines acquires US$148m in financing
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| APRIL 21, 2005 |
- Norasia to launch AME service
- 13 African countries keen on importing Indian drugs
- Textile exports to US up by 25 pc in Jan-Feb.
- KPT to open final bids for box terminal project this week
- Fast Forward Cargo International skilfully transports 140-tonne transformer
- IIP grows by 8.1 pc during April-Feb. 2004-05
- Cenvat credit rules on LPG inputs modified
- Services exporters to get tax rebates
- Assocham lists 9 areas for JVs with Pakistan
- Plea to upgrade highways in AP
- Increased border trade hinges on infrastructure build-up—Fieo
- Remove anti-dumping duty on caustic soda, urge paper makers
- Govt may apply brakes on raw sugar imports soon
- IMC submits memo to PM, FM on ‘disturbing’ Budget proposals
- Fringe Benefit Tax rules may be slightly eased
- Justice R.K. Abichandani takes over as CESTAT President
- Illinois trade mission at IMC on April 25
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| APRIL 20, 2005 |
- FAL supports Dubai exchange, confirms fleet renewal
UAE company FAL Oil Company Limited has offered a glimpse of its take on recent developments for the Fujairah bunker market and for the company.
- Guangdong: First quarter fuel oil imports surge
Dollar value of Guangdong fuel oil imports surges in Q1 amid higher imports and surging crude prices.
- Vopak takes next step towards Algeciras bunkering terminal
The decision to move forward with the project follows positive market response from potential users of the terminal, Vopak spokesman told Bunkerworld.
- DOE & API at a glance: This week's US inventory figure
- Fujairah: Familiar face returns to Bominflot
- Lubricants industry facing record costs for raw materials
ENOC official eyes quality, best practice and marketing as key to overcoming consumer resistance to increased lubricants prices.
- SEAaT positive about new EU sulphur directive
The latest EU Directive means that the shipping industry has options to reduce shipping emissions in a variety of ways, and ship owners can choose the most cost effective method for their fleet and trading patterns, SEAaT said.
- Saudi posted prices fall at all ports
- US refinery problems drive up crude prices
After a seven-week low, crude oil gained in prices after the market was hit with rumours that US refineries were facing technical and production problems.
- Hong Kong: Repeated delays in cargo arrivals
Hong Kong bunker traders have expressed their dissatisfaction with the perpetual delays in the dates of cargo arrivals, causing several enquiries to be held back.
- PSA builds extra berths to meet high growth
Singapore Terminal operator PSA installed extra berths and invested in new equipments to meet the continued strong growth at the port.
- BP to invest $130m in clean fuels production
BP to address impending regulations affecting off and onshore diesel emissions in United States with investment in new Distillate Hydrotreater unit.
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| APRIL 20, 2005 |
- ITF raises AB benchmark to US$1,550
- Somali pirates hold ship and crew
- Norasia launches Middle East service
- New accounting rules "will affect shipowners"
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| APRIL 20, 2005 |
- Denmark asks India to return toxic ferry
- Wartsila power for Bourbon Offshore AX104
- ENSCO 64 jackup declared constructive total loss
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| APRIL 20, 2005 |
- Port of Everett sets standard for new North Marina project
- Hanjin adding feeder service covering Arabian Sea region
- Port of Portland updates Internet web site
- New locomotives heading for Panama Canal assembly line
- FMC receives briefing from national port group
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| APRIL 21, 2005 |
- States to debate Brussels’ bid for single voice at IMO
EUROPEAN transport ministers meeting this week are expected to discuss the controversial proposals from the European Commission which will lay down procedures designed to ensure that all 25 member nations speak with a single voice at the International Maritime Organization.
- Denmark calls on India to send back asbestos-lagged ferry
DENMARK’S environment ministry has called for the return of an asbestos-lagged ship which it said left the Danish port of Korsor under false pretences, writes Sandra Speares.
- British-flagged ships given FoC label for first time
ALMOST 90 British-flagged ships have been branded flag of convenience vessels, marking the first time seafarer unions have exercised such sanctions against a large chunk of a traditional shipping country’s main register.
- Sasebo invests in boosting ship output
SASEBO Heavy Industries is spending ¥5bn ($48m) to upgrade facilities and increase the annual number of ships it can build, writes Sam Chambers in Hong Kong.
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| APRIL 20, 2005 |
- Denmark alerts India to toxic ship
DENMARK has alerted India about a 1954-built toxic ro-ro headed for the Alang ship-breaking yard in Gujarat
- Maersk refutes union charges
MAERSK has strongly denied union claims that it is guilty of "horrific" labour mistreatment in Central America
- Chinese economy still overheated
CHINA’S economy has continued to grow at a frenetic 9.5% despite efforts by the government to rein in investment
- Hazira LNG begins operations
SHELL’S Hazira LNG terminal will become operational tomorrow when the LNG carrier Gemmata offloads at the new 2.5M tonnes per annum terminal
- New details on Navios deal
INTERNATIONAL Shipping Enterprises has filed proxy documents with the US Securities and Exchange Commission revealing new information on its take-over plans for Navios
- EU approves Italian subsidies
THE EU Commission has approved Italy’s scheme to support the Sea Motorways project through subsidies that are not classed as state aids
- Star dampens Dawn chorus
- P&O Ned strengthens Brazil service
- Brazilian ports creaking
- Murmansk 'violating regulations'
- Maritrans returns to US Northeast
- Hong Kong shrugs off PSA surge
- PSA completes RTG installation
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| APRIL 20, 2005 |
- Go-ahead expected for CN box port
Amid soaring profits, Canadian National sees green light for new B.C. container hub, 'no problem' for rail capacity at Vancouver (left).
- Norasia AME links Asia and Europe
- Former DHS'er Loy joins consultant
- COAC sets meeting
- OOIL revenue up 24.2%
- China to grow 50%: DHL
- New Waterways chairman
- Boeing moves on freighter project
- D.C. rail hazmat ban on hold
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| APRIL 20, 2005 |
- Asian and Australasian cargo drives OOCL's revenue growth
Orient Overseas Container Line (OOCL) announced today that its unaudited Q1 revenues had increased by 24.2% to US$934.9million, with a 14.4% increase in volumes.
- Increase in average charter period keeps market idling
- Stark vision sees empties ‘choke’ Canadian ports
- NZ company lands Aus box screening contract
- Gijon takes aim at Bilbao with diversity plan
- Norasia to launch Asia/Middle East Express in May
- DCT Gdansk construction starting April-May
- TCY to start Mexican operation in July
- Space constraints put brake on Antwerp growth
- Montreal Q1 volumes up
- K Line ship resumes after Fremantle grounding
- Hanjin offers free transportation for tsunami relief supplies
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| APRIL 20, 2005 |
- Manitowoc seals cement barge
US shipbuilder adds to order backlog with deal for self-unloading unit from American Transport Leasing.
- Freddie fixes first
But boxship's hire rate and status of charterer both fall short of expectations.
- Ship sales fuel $279m profit
Teekay quarter otherwise trails 2004 result as company unveils new shares buyback programme.
- ABS warns on unlimited liability
Somerville hits out at "unwarranted" action over Prestige, flag states and criminalisation.
- Grindrod empowers Gounden
Black investment consortium led by Sivi Gounden takes 25% stake in South African group's tanker company.
- ABS rides tanker wave
US classification society captures 30% of VLCC orders, 38% of suezmaxes and 26% of LNG carriers.
- Profits double at CSDC
Hot wet and dry sectors help pump up results at the Hong Kong listed arm of China Shipping Group.
- ISE lays out blueprint for Navios
Navios vp Robert Shaw picked as Frangou's righthand man but ceo Anthony Whitworth says goodbye.
- Norasia speeds up
New nine-ship Europe to Asia box service misses out Med calls for faster transit times.
- And Verona makes four
Titan Petrochemicals confirms yet another VLCC purchase, using proceeds of bond issue.
- Sasebo ups the stakes
Multi-billion yen investment to boost capacity by 10% at Japanese shipbuilder.
- Greek bulker nabbed again
Canadian port state control inspectors detain Kif Mif for second time in four months.
- Aurora set for UK return
P&O cruise liner due back in Southampton after propulsion plant repairs in Germany.
- Western Petro nails cash for ships
Geneva-based trader signs new loan to fund $350m Korean newbuild programme.
- Soundless joins TOP
Evangelos Pistiolis’ US tanker firm confirms delivery of the last in series of Latsis tanker trio.
- Yard workers plead for help
Ukraine's deputy prime minister asked to scrap Chernomorsky sell-off over redundancies and lack of investment.
- MMM rights issue falls flat
Investors show little interest in Malaysian shipowner's share issue leaving underwriters to carry the can.
- Numbers up at OOCL
Intra-Asia and Australasia trades lead the way as Hong Kong owner makes stellar start in first quarter.
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| APRIL 20, 2005 |
- Koch: Carriers next in line for revised C-TPAT criteria
- UNCITRAL’s Working Group III resumes deliberations at UN
- Norasia starts independent Asia/North Europe loop
- Hapag-Lloyd cuts back North Europe/Mediterranean to fortnightly
- Cargolux revenues pass $1 billion for first time
- Air Canada to expand passenger and cargo services to China
- Air Europa orders another three Boeing 737-800 airplanes
- Continental Airlines to start daily Houston/Colombia non-stop flights
- Lawmakers to tackle duration of highway spending bill, fuel surcharges
- Inter-Jet buys A. Burghart Shipping assets
- DHS lays groundwork for customs checkpoints in Canada
- Johanns to speak at USMEF meeting
- Panama Canal to get six more Mitsubishi "mules"
- Port of Portland attracts multi-tenant DC
- Waterways Council names Knoy chairman
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| APRIL 20, 2005 |
- Dangerous fire in Norwegian freighter
A dangerous fire broke out in a small Norwegian freighter docked at Karmsund Maritime Services yesterday and the local fire ...
- Dan Sten Olsson new chairman for Swedish Shipowners
Shipowner Dan Sten Olsson was today elected as new chairman of the Swedish Shipowners’ Associtation. He replaces Lennart Simonsson, MD ...
- "Kempo" crew paid off
The arrest of the Norwegian flag fishing vessel "Kempo" of 676 grt is lifted and the owner Peder Lyngstad will ...
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