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| JUNE 23, 2005 |
Shipping News
- Japanese group suggests 'user pay' system to fight piracy
TRADITIONAL thinking' is no longer adequate in ensuring the safety of navigation in high risk waterways like the Malacca Strait according to the president of the Nippon Foundation who advocates a 'user pay' system to help fight piracy.
- KL police nab mastermind of foiled tanker hijack
MALAYSIAN police have arrested a man accused of being the mastermind behind the botched hijacking of an oil tanker in the piracy-prone Malacca Strait last week, reports said yesterday.
- MPA may have frozen fresh bunker licences
THE Maritime Port Authority of Singapore is not expected to grant new bunker fuel supply licences for the rest of 2005, extending a two-year block on new players entering the growing market, industry sources said yesterday.
- Box traffic at LA port down 7.6% in May
- Norway state mapping agency cleared of charges
- Mushrooming of worker strikes worrying: insurer
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| JUNE 23, 2005 |
- Shenzhen rail exports to former Soviet countries climb
- MOL opens two offices in Russia
- AP Moller-Maersk buys more RPONL shares
- Belgian malt to halt Vietnamese beer drinkers thirst
- Long Beach cuts `free time' by one day to avoid congestion
- STX Pan Ocean opens company in Singapore
- Vietnam Airlines signs deal for 4 Boeing 787s
- Cathay to boost Indonesia-China flights
- China Airlines, Korean Air begin code-share arrangement
- Qantas rejects newspaper article on airline profit downgrade
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| JUNE 23, 2005 |
- A.P. Møller-Maersk A/S to buy 4.8 pc more interest in P&ON
- India Inc. moots steps for export boost
- Spices Board plans branded cardamom exports to W. Asia
- Kakinada, Gangavaram, Krishnapatnam & Nizampatnam ports in priority development list
- Kerala govt bets big on Vizhinjam port project
- Now, JNP trekking group to scale yet another peak
- Dock union’s plea to MbPT box transport bidders
- DPI Terminals’ development of RGCT well on course
- Maersk Logistics commences CBT service from Mumbai to Nagpur
- Assocham moots independent corporation to expedite dedicated rail freight corridor
- Dolphin Marine awarded Special Recognition as Most Improved service Center Asia 2004 by Carrier Transicold
- Orissa govt sets up task force on new SEZ policy; report within 3 months
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| JUNE 23, 2005 |
- Fesco orders third container ship in Poland
- Boeing and Shenzhen Airlines celebrate delivery of first Boeing
- SBB Cargo: new concept for regional free-loading centres
- Schneider Logistics acquires American Port Services
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| JUNE 22, 2005 |
- P&O Group to meet expectations
- MOL parties in Russia
- Savi completes Japanese RFID trials
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| JUNE 22, 2005 |
- Transocean set for huge Petrobras contracts
- Approval for MITAGS and PMI security courses
- VT Halter to build catamaran construction barge
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| JUNE 22, 2005 |
- Groundwater cleanup progresses at two Vancouver, Washington sites
- Port of Tacoma publication set for viewing online
- Washington State Ferries slates summer concert series
- Seattle Port Commission president pleased with waterfront streetcar plan
- Horizon Lines takes part in MarAd training exercise
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| JUNE 23, 2005 |
- Brussels shelves class overhaul
BRUSSELS was understood yesterday to have dropped plans for a radical overhaul of the classification society industry.
- Los Angeles to cut free time on containers to ease jams
DEMURRAGE on containers offloaded at Los Angeles and Long Beach will start accruing a day sooner from July 1, and the initial rent-free days will start accumulating the day after the box is unloaded and not after the ship has sailed.
- Longer trains demand runs into a mixed reception
A DECISION by one of the two railways serving Los Angeles and Long Beach to wait for trains to reach 7,500 ft before allowing them to leave for the US hinterland has elicited a mixed response from the two ports, writes Rajesh Joshi in New York.
- Rigs shortage sparks MOS joint venture
LONDON-listed rig equipment supplier MOS International has set up a joint venture with finance group Crown Corp to order newbuild rigs to take advantage of the tight global supply.
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| JUNE 22, 2005 |
- Car carrier fleet growth to ease
RECENT dramatic growth in the car-carrier trades is expected to moderate in the months ahead as new vessels join the fleet, according to Eukor boss Carl-Johan Hagman
- Trouble at Port of Spain
A SERIES of unrelated problems could lead to increased congestion at Trinidad’s Port of Spain, according to T&T Manufacturers Association president Paul Quensel
- Mersey ship repair consolidated
NORTHWESTERN Shiprepairs has acquired A&P Birkenhead, a subsidiary of the UK’s largest ship repair operator, A&P Group
- Fonterra 'comfortable' with merger
NEW Zealand dairy co-operative Fonterra is unlikely to be hit by the take-over of P&O Nedlloyd by Maersk Sealand
- APM continues to build RPONL stake
AP Moller now controls 19.1% of Royal P&O Nedloyd (RPONL) following the recent purchases on the open market of 5% of shares
- Calais unrest costs P&O £10M
- Posco to build steel plant in China
- 'Pay as you go' security call
- Migrant Watch: US/Caribbean
- Mexicans release cement ship
- Long Beach cuts free time
- Tordenskjöld's Stuve behind bars
- STX confirms Singapore IPO
- Carnival eyes Singapore project
- MOL to tap Russian opportunities
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| JUNE 22, 2005 |
- P&O Ports revises container forecast
Trims outlook as slower growth in United Kingdom and Australia offsets buoyant box throughput in China and India.
- Mobile gets jet plant
- Scant demand for Cosco IPO
- House panel passes water bill
- AAR slates fall peak forum
- EGL to cut 350 jobs
- Con-Way expands Mexico network
- ICC sets Africa initiative
- TNT launches U.S. lab express
- B+H buys fifth OBO
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| JUNE 22, 2005 |
- California volume dip feeds Panama Canal spike
Loaded container imports through the two ports of Los Angeles and Long Beach dropped in May, despite impressive 18.6% growth figures posted by Long Beach.
- Summer sun softens mid-ranges, but charter market ‘not turning’
- HHLA refused Petersburg stake to maximise investment
- EU duties put spanner into Chinese bicycle export works
- Maersk Mc-Kinney Moeller acquires APMM shares, as RPONL takeover continues
- P&O reports ‘no change’ to H1 expectations… except perhaps RPONL sale
- Ivaran returns with slot deal on bulkers
- Toll faces Trans-Tasman union accord
- Australia beef beats export records again
- Geest to add four more specialist ice-class vessels to fleet from 2006
- Port of Portland’s T-3 claims 2-3mph West Coast advantage
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| JUNE 22, 2005 |
- Eagle completes $14 pricing
New York handymax owner clears last-minute SEC comments, sells 14.4m shares for gross take of nearly $202m.
- 3F fined for DIS campaign
Denmark's largest union hit with DKK 3m fine for advertising campaign against Danish second register.
- Exmar sells to Distrigas
Veteran LNG carrier Methania brings $13m profit for Belgian owner.
- Fredriksen aims to land Pan Fish
Norwegian tanker king makes offer for 52% of salmon producer he does not already own.
- Gdynia vote on hold
Not enough shareholders present to accept latest state rescue plan for cash-strapped Polish yard.
- Ferries on course
UK group P&O says slimmed-down fleet of passengerships enjoying higher rates in first half.
- Hanjin plans Asia-Med service
South Korean liner operator to team with United Arab Shipping Co and MOL on new route.
- Wan Hai Lines raises $325m
Taiwanese containership operator completes bond issue aimed at raising funds for fleet expansion.
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| JUNE 22, 2005 |
- Grand Alliance confirms additional capacity for Pacific, Asia/Europe
- Maersk secures 19% of P&O Nedlloyd ahead of bid completion
- P&O on target to meet profit expectations
- APL switches Florida calls on U.S./Central America loop
- SCI quits Indamex
- EGL to cut 350 jobs in U.S., Europe
- ITC studies possible effects of modified NAFTA rules of origin
- U.S., Mozambique enter trade and investment agreement
- Chambers push for transatlantic trade
- FDA posts guidance for U.S. dairy producers’ exports to Chile
- Long Beach cuts storage time by a day
- Despite questions, Port Everglades crane maintenance contract expected
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| JUNE 22, 2005 |
- Danish union fined for improper campaign
The Danish union Sømændenes Forbund, which is a part of the largest Danish union SID, now 3F, has been fined ...
- Growing labour unrest hits shipping
Specialist mutual insurer in delay insurance, the Strike Club, warns of growing labour unrest in many parts of the world ...
- EU and Korea stop quarrel over yard subsidies
The European Union and South Korea have ended their litigating proceedings in the World Trade Organisation (WTO) on yard subsidies ...
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| JUNE 22, 2005 |
- Swedish Shipowners Association & PWC push for emissions trading
The Swedish Shipowners Association, in conjunction with consultancy firm PricewaterhouseCoopers, has been developing a scheme for emissions trading from ship sources in Europe, arguing such schemes can offer a faster, more effective reduction of emissions compared with regulations and punitive taxes.
- Oil rally falters despite US inventory decline
Crude oil rally falters after smaller-than-expected drop in US crude oil stocks and Norwegian oil worker strike is averted, but some believe fund-buying and geopolitical events could soon prop up prices again.
- DOE & API at a glance: Latest US inventory figures
Figures vary widely, but overall trend shows falling crude stocks as product inventories rise.
- Bunker Holdings announces new director
A new director has been appointed to the Greek office of Bunker Holdings, which is also making good progress towards expanding its bunker supply operations in Russia.
- Lubricants: Additives merger gets regulatory approval
Proposed merger between lubricant additive producers Crompton Corp. and Great Lakes Chemical Corp. has now received approval from the European Commission, and the $1.8 billion deal is now only subject to the approval of shareholders.
- "User pays" advocated for Malacca Straits security
Yohei Sasakawa, president of the Nippon Foundation, has stressed that international cooperation is essential to ensure the safety of navigation while advocating a "user pays" principle to the funding of security initiatives.
- Tallinn: New CEO for NT Marine
- Tight prompt supply persists in quiet ARA market
- Chennai port gears up to combat oil spills
India's Chennai port will soon be better able to handle oil spills of up to 100 metric tonnes within its port waters through the setting up of an oil spill response facility.
- Showa Shell expects more Saudi crude and higher bunker sales
Showa Shell is expecting to have access to large volumes of light-grade crude from Saudi Arabia, and bunker fuel sales to jump in July on the back of strong supplies.
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