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| NOVEMBER 21, 2005 |
Shipping News
- Capacity shortage imminent: study
A new study commissioned by Neptune Orient Lines' container division, APL, warns of impending capacity shortages on the US West Coast and at the Panama Canal within the next three years, highlighting the urgent need for ongoing US infrastructure investment.
- Yusen's cruise unit to return to profit next year
NIPPON Yusen K K, Japan's largest shipping line, said it expects its cruise operations to return to profit next year for the first time in five years, helped by a recovery of demand for leisure travel.
- Sale of Shipping Corp of India to go ahead
INDIA's Shipping Minister TR Baalu reiterated the government's plan to sell a 15 per cent stake in state-run Shipping Corp of India Ltd, the nation's biggest shipping company.
Port Shots
- Port Shots
ABOUT 50 tonnes of crude oil spilled into the Gulf of Thailand from a Japan-registered ship yesterday as it attempted to dispense some of its cargo at a refinery buoy, a company official said.
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| NOVEMBER 21, 2005 |
- MOL acquires PONL's South Africa trade routes
- TSA members to adjust 2006 rates
- U-Freight strengthens Chinese office network
- Cargo volume up at Port of Virginia
- ESC complains about handling of road toll directive in EU Parliament
- China and Spain to improve trade ties
- China's railways transport 6.59pc more freight in October
- Australian PM backs airline merger between SIA, Qantas
- Boeing offers SPEEA workers new contract
- Continental Airlines begins service to Ponce, Puerto Rico
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| NOVEMBER 21, 2005 |
- CP Ships & hapag-Lloyd to launch new Australasian service in Feb. 2006
- Maersk Sealand, P&ONL to upgrade service on Europe-Morocco route
- ECU Line & Essers join hands
- Sea-Land Service Inc. to stay in bidding for CSC
- Hanjin Shipping profit up in Q3
- E-One RTG provides smart solution for S. American operators
- Record Q3 throughput for RCL
- More measures taken to boost exports
- Ministry favours cut in import duty on steel scrap
- JNPT and Samsara Group bag top honours
- TPT offers sop for new container services
- New Mangalore Port sets MoP handling record on November 11
- Baalu assures early model concession pact for port sector development
- Mundra Port handles record DAP quantity in a day
- Kandla Port sets new single-day record for handling cement in bags
- Expeditious implementation of Paradip Port link projects urged
- 3-man panel to assess performance of corporatised Ennore Port
- Kakinada port stir averted
- CCTPL eases congestion by clearing 3,000 import boxes
- TMILL plans big on infrastructure facilities
- FBT may be simplified in 2006-07 Budget
- SPV for overseas Indian investments to be announced soon
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| NOVEMBER 18, 2005 |
- Exel’s John Allan wins logistics initiative award
- Team Lines adds two newbuildings to its fleet
- Cathay Pacific Airways Cargo extends contract with Fraport
- Deutsche Bahn acquires Bax Global
- Hungaria: new intermodal operator in Hungary
- Exel shareholders in favour of DPWN takeover
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| NOVEMBER 18, 2005 |
- NOS boosts clearing capital
- UK detains 7 ships
- Shippers’ group warns on UK port congestion
- Rotterdam still growing strongly
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| NOVEMBER 18, 2005 |
- $1 million fine for waste oil discharge
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| NOVEMBER 21, 2005 |
- EU dockers down tools over port services directive
PORT workers across Europe will stop working for at least an hour today to protest against the European Commission’s revised port services package.
- Swiss Re storms to market lead with $6.8bn GE Insurance buy
SWISS Re is buying GE Insurance Solutions, number five among the global reinsurers, for $6.8bn. This creates a new world market leader, replacing Munich Re.
- MOL buys P&O Nedlloyd’s Europe-South Africa operation
JAPANESE line MOL is to buy the Europe-South Africa operations of the former P&O Nedlloyd, giving it a market share of around 20%.
- Teekay LNG to raise $110m in share offer
TEEKAY LNG Partners is set to raise at least $110m from its follow-on public offering of 4m shares, writes Tony Gray.
- Lloyd’s List online gets ABCE approval
WOULD YOU drive a car without an MOT? Fix a ship without an ISM certificate? Enter the US without ISPS compliance?
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| NOVEMBER 18, 2005 |
- Higher costs bring Star down
STAR Cruises' profits dropped 29% during its third quarter as fuel and payroll expenses pushed costs higher, offsetting revenue gains from new capacity and growing yields in North America
- Short-sea plea for European yards
EUROPEAN shipyards must be allowed to take advantage of the push towards increased short-sea shipping, a European policy gathering heard yesterday
- Port directive slammed from all sides
THE EC’s controversial Port Services Directive has once again become the focus of growing opposition in advance of a crucial European parliamentary meeting
- EU warned to avoid conflict on IMO
EUROPEAN ministers have backed the proposed creation of a harmonised EU maritime policy but warned yesterday that any conflict with the IMO will not be accepted
- Korean bulker sinks: officer missing
RESCUERS have spent the day searching for the Korean chief engineer who remains missing after the bulk carrier Bright Sun went down off the northern Philippines today
- India awaits breaking guidelines
INDIA is keenly awaiting new guidelines for ship recycling currently under discussion at the IMO convention in London
- Portoflot talks progressing
- Russians shift from crude to refined
- CP Ships/Hapag revamp Aust-NZ services
- Surcharges confuse liner customers
- 3Q profit up at Camillo Eitzen
- BV plans ILO audit work
- MOL links up with SAECS
- Shake-up for Shipping Australia
- PDVSA-China supply deal signed
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| NOVEMBER 18, 2005 |
- TSA proposes '06 rate hikes
The discussion group said the proposed hikes are needed to help cover a variety of anticipated cost increases.
- Maersk sells P&O Nedlloyd's share of S. Africa service
- Letters: Few delays for Panama Canal
- Maersk to use Kingston as transshipment hub
- LA-Long Beach infrastructure requires public-private partnership, conference told
- EU reports progress in open-skies talks
- UPS details '06 rate hikes
- Buenos Aires joins CSI
- FAST lane opens on Niagara bridge
- CN predicts revenue, earnings gains
- Seattle sees revenue, container growth for '06
- Kuehne & Nagel acquires wine-logistics company
- Union Pacific Names Young president and CEO
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| NOVEMBER 18, 2005 |
- MOL acquisition sees SAECS change structure and partnerships
MOL confirmed that it has acquired P&O Nedlloyd’s 30% share of the South Africa Europe Container Service from AP Moller-Maersk, in what is thought to be a US$200m deal.
- Opposition aims at full EC retreat on Ports Directive
The European Commission’s controversial Ports Directive is under fire again, from member-state governments, European dockers and some MEPs, with the apparent purpose of pressuring the Commission to withdraw it.
- Canadian port and rail co-operation eyes Asian cargo
- Nansha to move 1m TEU in first year
- International carriers show interest in Java’s Bojonegara project
- SYMS to launch Japan/China/Vietnam/Thailand service
- Wai Hai deploys larger vessels on transpacific trade
- Intermodal Hungaria in the starting blocks
- Jurong Port looks for expansion home and away
- Taiwan President marks opening of Taichung FTZ
- Pakistan government refuses to devolve control of ports
- Dongnama orders 5,000 boxes
- Australia still meating demand
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| NOVEMBER 18, 2005 |
- UK: more hands on deck
New advice on piracy says owners should employ more staff in high-risk areas.
- Mid-Ship grows China shop
Long Island shipbrokers Mid-Ship Marine will be moving talent to Beijing to beef up its logistics side there.
- K Line pushes bulk
Japanese giant looks to cut dependency on container activities heading towards 2007.
- MOL confirms SA deal
Japan’s Mitsui OSK Lines is taking over P&O Nedlloyd charters and SAECS consortium rights.
- One feared dead after sinking
Engineer missing after South Korean bulker goes down off Philippines.
- Greenpeace tests IMO patience
Environmental activists up to old tricks off Polish port as UN agency reviews its consultative status.
- Star moves into Europe
Asian cruise operator to run trips out of Med for first time from 2006.
- Investors queue for ABG
Share offer for expansion minded Indian shipyard is five times oversubscribed.
- QGTC lays out its stall
New business development manager Christian Steimler takes the stage as QGTC boss Curt wrestles with Q-max “issues” in Doha.
- Poor quarter for Star
More ships but fewer profits for third largest cruise operator.
- CSG sweetens share deal
Chinese shareholders to receive more CSDC stock as compensation for floating of non-traded shares.
- Gloomy outlook for Namura
Japanese shipyard in the red in first half and losses could increase in full year.
- Sasebo in the red
Loss-making first half for Japanese yard, but better things expected in rest of year.
- Eitzen profit rises
Diversified Norwegian shipping group books a big increase in fleet value in a mixed market.
- Gotland gets the cash
Swedish government stumps up more money for subsidised ferry route to Baltic island.
- LNG ship glut over by 2009
Braemar Seascope says at least another 90 LNG carriers are required by 2012.
- Meiji motors
Interim profits at Japanese tanker, bulker and car carrier up almost five-fold on a year ago.
- Navios charters in
US shipping dry cargo venture fixes three newbuildings long term, with purchase options on two.
- Ezra inks charter deals
Singapore owner secures charters for seven of its owned fleet in deals worth close to $60m.
- SKL and Banpu snuggle up
Singapore’s Sembawang Kimtrans extends Banpu Indonesian coal hauling contracts with fresh deals.
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| NOVEMBER 18, 2005 |
- MOL to buy P&O Nedlloyd's Europe/South Africa operations
- CP Ships, Hapag-Lloyd will offer new Australasian service
- Greek vessel operator pays $1 million fine for oil dumping
- SIU, Md. training center settle age discrimination suit
- Hong Kong shipowners elect Koo chairman
- BA World Cargo, NWA Cargo reduce fuel surcharges
- CP Railway, Fraser River port join to seize Asia-Pacific growth
- Patriot Transport profit up 28%
- BDP opens Amsterdam office
- Kuehne + Nagel acquires Ziegler & Co.
- Bush forwards U.S.-Bahrain free trade agreement to Congress
- CSCMP names Blasgen to succeed McIntyre
- Schenker expands Management Dynamics contract
- PSA's Singapore terminals throughput up 8.6%
- Port of Long Beach export TEUs soar again
- CSI inspections underway in Buenos Aires
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| NOVEMBER 18, 2005 |
- Kystlink to Strömstad
There are no grounds for turning down Kystlink’s application to start up a ferry service between Strömstad and Langesund, says ...
- Notice for strike on Esvagt vessels
Søfartens Ledere, the Danish union of navigators, has announced that it will take industrial action against svagt A/S on ...
- More steel renewal on Bulgarian bulk carrier
Fredericia Skibsværft will keep the Bulgarian bulk carrier "Rodina" a little longer than first expected as the damage is much ...
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| NOVEMBER 18, 2005 |
- US West Coast prices tumble
Bunker prices in key bunkering ports falling as avails ample and demand weak.
- Onboard emissions monitoring saves fuel
Engine monitoring system offering fuel savings and MARPOL Annex VI compliance, company claiming.
- Vopak fuel oil expansion geared towards LSFO market
Significant boost of Rotterdam's fuel oil capacity is response to anticipated rise in LSFO demand, Vopak tells Bunkerworld.
- Virgin Islands impose seven-fold increase in bunkering fee
Increased fee aimed at funding dredging projects that will allow the return of voyager-class cruise vessels to St. Croix.
- 'Gruelling bunker prices' bite Green Reefers
Market conditions hammer Q3 results for Norwegian owner.
- Abrasive fuels found in Rotterdam and Malaysia
Fuels with alarmingly high levels of abrasive cat fines have been detected in the past two weeks.
- Asian fuel prices fall on weak crude
Weakening crude oil prices have pressed fuel oil prices in Asia and dampened Chinese demand for oil.
- No 'demand destruction', OPEC says
OPEC predicts a resurgence in Chinese oil demand and a recovery in world oil demand.
- Aegean targets $160 million from IPO
Aegean plans to float 10 million common shares, raising as much as $160 million.
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