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| SEPTEMBER 22, 2005 |
Shipping News
- Indian ports need to double capacity to meet growth
INDIAN ports need to double capacity within the next five years to cope with the country's growing trade, investors and shipping companies said.
- Cosco Shipyard in 6b yuan yard expansion
THE Cosco Shipyard Group , in which listed SembCorp Marine owns 30 per cent, plans to spend six billion yuan to expand capacity, including the building of a new shipyard in Dalian.
- China Merchants posts H1 profit increase of 40%
CHINA Merchants Holdings Co, a state-controlled port operator, said first-half profit increased 40 per cent after the nation's rising trade increased cargo volumes.
- Taiwan invites bids for stake in top shipbuilder
- Port operators slam EU services directive
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| SEPTEMBER 22, 2005 |
- UASC vessel at Antwerp refloated
- MOL to start India/Pakistan-SE Africa service; amends WA1
- Yantai to spend US$1.85b on port development
- NOL volumes, revenue surge amid strong demand
- Jurong to invest US$178m on port upgrade
- Thailand looks to set up national shipping line
- Maersk Logistics, IBM enter into JV
- Yunnan's aviation industry charges full steam ahead
- UPS resumes service to New Orleans' business district
- Delta Airlines to announce cuts, alter strategy
- IFLN inks deal with air charter broker
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| SEPTEMBER 22, 2005 |
- Great Ocean Shipping (UAE) opens branch office in Mumbai
- PMO seeks LPG shipping freight details
- India, Pak to re-work shipping, aviation pacts
- DCM Hyundai equips Shreyas Shipping’s export fleet with ISO dry freight boxes
- GE Shipping to sell Handysize dry bulk carriers
- Caspian oil to reach India in Oct.
- Not the right spirit, says EU
- Dhamra port plan modified to handle bigger ships, steel exports & coking coal imports
- A.K. Biswas & AKBLPL win coveted ISO 9001:2000 certificate
- Now, investors flock to SEZs with thousands of crores
- Special purpose Tea Fund on anvil-Kamal Nath
- Vizag Apparel Export Park to begin exports in Dec.
- Gail’s Dahej-Uran project draws 7 bidders
- Ministry clears FTWZ in Haldia
- Infrastructure growth not up to mark in July
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| SEPTEMBER 21, 2005 |
- Elbers new KLM communications vice-president
- New partner for Dunkirk container terminal
- Cargolux in Portugal
- Schweizerische Post and Deutsche Bahn to jointly manage truck fleet
- Deutsche Post agrees on takeover with Exel management
- New Russian customs regulations
- Asia Pacific Airport Investment World 2006
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| SEPTEMBER 21, 2005 |
- Armed attacks in Jakarta
- More S&P disputes "likely" says North of England
- London Club Chairman warns on criminalisation
- Ship managers face fines over MARPOL breaches
- Management changes at V.Ships and Dorchester
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| SEPTEMBER 21, 2005 |
- SeaDrill orders semi
- Carnival assigns 116,000 ton newbuild to P&O Cruises
- OSG unit files IPO statement
- USCG restoring Gulf mariner services
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| SEPTEMBER 21, 2005 |
- Everett Port Commissioners Ok Pacific Terminal Wharf upgrade
- Crowley set to resume service through Gulfport
- Surf-chasing vessel makes stop in Port Angeles
- Greenbrier completes exchange of Senior Notes
- Customs reports ACE system brings in over $1 billion in duties
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| SEPTEMBER 22, 2005 |
- Grimaldi cruise ferry rethink as fuel costs soar
BATTERED by soaring fuel prices totalling an extra €50m ($60.9m) a year, Grimaldi Group has renegotiated contracts signed with Fincantieri to build two cruise ferries, ordering instead larger vessels capable of generating higher revenues.
- France holds Maersk Barcelona in pollution probe
A FRENCH prosecutor yesterday ordered payment of €500,000 ($600,000) bail as the condition for the release of a containership suspected of having caused pollution 160 km west of the Brittany peninsula.
- Double Hull Tankers in $368m IPO
DOUBLE Hull Tankers has finally thrown its hat into the ring, filing yesterday with US regulators for an initial public offering of up to $368m including over-allotment, writes Rajesh Joshi in New York.
- Lloyd’s Register marine operation to quit London for Southampton
LLOYD’S Register plans to relocate its entire London-based marine operation, retaining only a corporate presence in the city.
- Brussels delays verdict on CP Ships takeover
THE European Commission has postponed its deadline for examining the proposed takeover of CP Ships by Tui, the Hapag-Lloyd parent group, from September 28 to October 12.
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| SEPTEMBER 21, 2005 |
- Salvor sees Fowairet lessons
DAMAGE caused to a container ship that ran aground in the River Scheldt yesterday is further warning of the dangers of failing to think carefully about salvage capacity available
- Crowley back at Gulfport
CROWLEY Maritime, which relocated its US Gulf Coast service after Hurricane Katrina, has returned to Gulfport, Mississippi
- Safety challenge for boxship design
DESIGNERS of container ships will have to embrace new safety features in order to bring down accident rates among stevedores, a Hamburg conference was told today
- OPEC responds to increasing demand
- Hurricane Rita heads for Galveston
- Double Hull Tankers flotation
- Unions prevent SNCM ferries leaving
- Bishop hits out at criminalisation
- Trial of longshore leaders begins
- Toronto truckers reject pay offer
- Maersk slick is longest on record
- Hurricane Rita update
- Migrant Watch: US/Caribbean
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| SEPTEMBER 21, 2005 |
- FedEx profit rises in first quarter
Despite one-time charge, revenue showed solid growth as daily volume expanded across all business units.
- Crowley resumes Gulfport service
- State high court hears arguments in S. Carolina port case
- Export ABCs: Updating the Commerce Control List
- Customs' Bonner optimistic on "green lane"
- Savannah site for Target warehouse
- Texas ports brace for Rita
- EU extends CP Ships buy deadline
- Canada investigating U.S. corn subsidies
- Farmers want Jones Act waiver
- Maersk ship probed in oil spill
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| SEPTEMBER 21, 2005 |
- Hold-outs and violence mar Toronto trucker agreement
Trucking firms have offered disgruntled truck drivers serving Toronto’s intermodal terminals substantial pay-increases, but new outbreaks of violence and hold-outs are confusing the situation.
- Even smaller ships vulnerable under coming cascade, warns HR
The prospect of greater tonnage-supply than demand has been coming into sharper focus in a quiet autumn, and now brokers Howe Robinson are questioning whether demand-growth is enough.
- California port-empties are full of railway efficiencies
- New container terminal in Tianjin gains Beijing greenlight
- India’s CWS to enter deregulated rail container movement market
- Yang Ming and Wan Hai co-operate on China/Middle East trade
- HMM starts Frankfurt/Main-Rotterdam blocktrain
- APMT confirms Apapa deal
- Auckland sees volume turnaround take hold
- Gauge-conversion to benefit Kandla Port from 2007
- Coega needed quickly, for SA to realise its transhipment potential
- NCC announces investments for First Container Terminal
- China Merchants results exceed expectations
- Record high throughput for Inchon in August
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| SEPTEMBER 21, 2005 |
- V.Ships: not our slick
Shipmanager says Maersk Barcelona containership not guilty of causing pollution off French coast.
- Row over boxship salvage
Salvor says master of grounded Fowairet delayed agreeing contract, UASC says policy followed.
- Cruise giant for Brits
Carnival has allocated one of five mega-cruiseships on order to P&O Cruises, the biggest ever for the British market.
- Double time!
OSG files long-awaited Double Hull Tankers spinoff in $320m registration with SEC, would sell seven tankers to Marshall Islands vehicle.
- SNCM workers on strike
Protest over privatisation leaves French ferry owner’s stranded customers fuming.
- Taiwanese players share
Yang Ming and Wan Hai container lines to cut costs by reserving space on each other's vessels.
- Fowairet in Flushing tests
UASC containership anchored off Dutch port for checks after being refloated, salvors say pollution minimal.
- Frontline in FPSO spin
Fredriksen plan to parcel up tankers converted to FPSOs and spin off the business.
- ICG threatens ferry pull-out
Irish owner could scrap Irish Sea services if crew strike over redundancy plans.
- Roll up for CSBC
Government invites bids for majority stake in Taiwanese shipbuilder.
- Indian minister under fire
Basil Papachristidis suggests India should learn from the experiences of Greece and Germany.
- Sleeping giant awakens
But ICS chief Chris Horrocks urges India to take stronger regulatory role.
- Excel confirms Rodon fixture
Greek dry-bulk player arranges twelve to fourteen months of period cover for recent acquisition.
- NMC moves on Lorenzo
Philippine company ready to take 51% stake in compatriot boxship owner.
- Asia FFA clearing on track
Singapore Exchange signs up ten financial institutions for its oil and freight clearing exchange.
- Aries inks tanker pair
Mons Bolin’s US-listed operation confirms it is buying two panamax newbuildings from Stena.
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| SEPTEMBER 21, 2005 |
- IBM jumps into "smart box" fray
- Savi Networks provides RFID tags for U.S.-bound Asian containers
- Crowley to restart Gulfport, Miss. Services
- Boeing: China's fleet to quadruple over 20 years
- Atlas Air Worldwide Holdings posts $15.9 million net profit
- Kuehne + Nagel opens logistics facility in Vantaa, Finland
- Samuel Shapiro & Co. names Peterson CFO
- Agriculture shippers want Jones Act waiver
- West Virginia coal shippers decry state's export tax
- Bonner staff undergoes shuffle
- Massport plans terminal upgrade
- South Florida ports open again
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| SEPTEMBER 21, 2005 |
- Parlamentary committees says no to port directive
Two committees in the EU Parliament, Internal Market and Consumer Protection and Employment and Social Affairs, have turned down the ...
- Captain three times over the limit
The Captain of the UK emergency towing vessel "Anglian Sovereign" was three times over the legal blood alcohol limit when ...
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| SEPTEMBER 21, 2005 |
- Ecuador: all-time record gasoil price
Marine gasoil prices soaring over $900 in Ecuadorian ports, the most expensive places to bunker the distillate fuel today.
- Rita to shut Houston down, suppliers evacuating
Suppliers in Houston prepare to suspend bunkering today as hurricane approaches with traders setting up operations elsewhere.
- Faltering freight rates makes bunker burden harder to bear
Phenomenal rise in bunker prices has coincided with falling freight rates, making bunkers a burden that some lines are worse equipped to deal with than others.
- US base oil on the rise again, industry braces for Rita
Market mover makes across the board price increases as the industry prepares for hurricane Rita to make landfall.
- DOE & API at a glance: This week's US inventory figures
- GAC St. Petersburg: Bunkering logical at later date
Shipping and logistics firm expands Russian presence and says bunkering is a logical step for the future.
- KIC makes first move to extend Port Klang throughput
KIC signs 180 centistoke blending deal and reveals $15 million terminal upgrade at Malaysian port.
- ITIC: Ship managers increasingly targeted for MARPOL breaches
Ship managers are increasingly being targeted by port authorities for breaches, or suspected breaches, of MARPOL Regulations, according to specialist insurer.
- Rotterdam slightly firmer at Midday
- Indonesia clamps down on fuel smuggling with new arrest
The Indonesian authorities have arrested a tanker suspected of fuel smuggling in Batam on Monday morning.
- SK Corp may sell shares to acquire Inchon
SK Corp may sell off part of its stake in affiliate SK Telecom Co to fund the takeover of Inchon Oil Refinery.
- Lukoil sees potential for expansion in Asia
Lukoil seeks to expand its reach for worldwide refining and downstream assets into Asia by tapping into the region's growing fuel demand.
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