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| JANUARY 24, 2005 |
Shipping News
- Will Golar's gamble pay off?
JOHN Fredriksen, chairman of Golar LNG Ltd, has wagered US$1.1 billion on liquefied natural gas since 2001, buying seven LNG tankers without first signing contracts for their use.
- Hyundai bags Cosco order for largest ever box ships
HYUNDAI Heavy Industries Co has won an order from China's largest container shipping line, Cosco, for four ultra-large 10,000-TEU box ships - the largest ever built - with the Korean yard saying it has already designed a 12,000-TEU model.
- Tsakos pays US$90m for Delaware clean-up
TSAKOS Shipping and Trading, a closely held entity controlled by the Tsakos family of Greece, has paid US$90.3 million so far for cleaning up after a tanker under its management spilled 265,000 gallons of crude oil into the Delaware River in November, the US Coast Guard said.
- Passengers fume as P&O cancels round-the-world cruise
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| JANUARY 24, 2005 |
- ER Schiffahrt fleet grows by three containerships
- Hong Kong logistics operators demand government help
- CMA CGM mulls UK tonnage tax regime possibilities
- BNSF names regional VPs
- Changi Airport hits new cargo high in 2004
- Air Canada to start Toronto-Seoul service
- Free airport delay forecast service becomes available
- Continental sees red in 2004
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| JANUARY 24, 2005 |
- Indian ships’ image improves with less detentions at foreign ports
- Baalu christens SCI’s new VLCC Desh ujaala at Ulsan in Korea
- Rhenus AG ties up with Seaways Shipping to enter Indian logistics sector
- IMTC-IIMA offers programme in ‘General Management for Shipping’
- Cloud over tonnage tax regime worries shipping cos
- EEPC invites CIS team to buyer-seller meets in March
- India preparing ‘sensitive list’ for talks with Thailand
- Framework agreement signed with Chile
- Jute exports to Brazil get a boost
- Increasing privatisation will propel port sector’s growth, stresses Budhiraja
- Gold import under replenishment licences liberalised
- AEPC wants drawback rates restored to earlier level
- CLE expresses shock & dismay at abrupt revision in drawback rates
- 14.21 pc rise in value of garment exports during April-Dec.
- CEU makes out case for sparing EOUs from CST
- AL sops extended to exports under deferred payments covered by ECGC
- Kamal M. Morarka re-elected WTC President
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| JANUARY 21, 2005 |
- WFS success prompts '2 for 1' stock split
Stock split provides opportunity to broaden base of investors and improve the liquidity of stock, says WFS Chairman.
- Draft recommendations propose even tighter sulphur limits
Vice chair of environmental committee proposes reinstatement of 0.5% sulphur limit in Europe's directive on marine fuels.
- Rotterdam steady ahead of Midday
- Wallenius Wilhelmsen signs two large low sulphur term contracts
Wallenius Wilhelmsen has signed two low sulphur term contracts, one of which runs until December 2007.
- Singapore: MPA confirms three debunkering applications
The Maritime and Port Authority of Singapore (MPA) has confirmed three applications for debunkering relating to high sodium content.
- DNVPS: High aluminum and silicon found in South Korean fuel
Testing agency issues 'bunker alert' after batch of bunker fuel exceeds aluminum and silicon levels stipulated under ISO8217.
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| JANUARY 21, 2005 |
- Dnata installs ground movement radar system in Dubai
- Auction of seaport of St Petersburg postponed
- Port of Rotterdam commercial boss quits
- Thales Geodis Freight Logistics signs contract with Embraer
- Arkansas adds trucking features to website
- Suez Canal charges to rise for first time in nine years
- TrenStar Inc and Martek Biosciences Corp to cooperate
- New IATA dangerous goods regulations effective 1 January 2005
- Ecu-Line to Havana
- EWS appoints new human resources director
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| JANUARY 21, 2005 |
- IMO in US security talks
- Broström takes commercial management of Dunya fleet
- Farstad in Norsk Hydro contracts fiasco
- Wallenius Wilhelmsen in low sulphur fuel supply deals with Shell and Exxon
- CMA CGM may operate more ships under UK flag
- ESPO lists "fundamental concerns" over Brussels’ ports plan
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| JANUARY 23, 2005 |
- Davis, Taylor form Congressional Shipbuilding Caucus
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| JANUARY 21, 2005 |
- Port of Longview moving cargo across new Industrial Rail Corridor
- Overseas Shipholding Group closes deal for Stelmar
- Portland Shipping Club getting ready to serve pizzas
- First week of 2005 brings good news for rail freight
- Propulsion woes cut short world tour for P&O cruise ship
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| JANUARY 24, 2005 |
- Firms race for $600m Petronet LNG charter deal
A CONTRACT worth $600m to supply the Dahej liquefied natural gas receiving terminal operated by Petronet LNG of India has attracted the world’s shipping majors in a complex mix of competing consortia.
- Ship sales could fall foul of money laundering rules
SHIP sales transactions risk being held up as a result of anti-money laundering rules, it has emerged.
- Lloyd’s broker red faced after getting it wrong 72% of the time
A BROKER accredited by Lloyd’s has been shamed, but not named, for getting contract drafts consistently wrong, writes James Brewer.
- Spanish court questions Prestige manager Margetis’ death certificate
A DEATH certificate filed with the Spanish court handling the Prestige case has failed to convince the investigating judge that Michael Margetis, operations manager at the ship’s managing company Universe Maritime, suffered a fatal heart attack late last year.
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| JANUARY 21, 2005 |
- French detain Teekay tanker
FRENCH authorities detained a tanker operated by Teekay Shipping yesterday over the non-payment of a fine after one of the company’s vessels polluted French waters in 2001
- New Izar approved in principle
SPANISH unions have welcomed the European Commission's approval in principle of a restructure plan for Spanish shipbuilder Izar that limits civil ship construction
- CMA CGM happy with UK tonnage tax
CMA CGM (UK) is considering expanding its participation under the UK tonnage tax scheme, after recently fulfilling its commitment with the arrival of its eleventh vessel
- Cruise lines sue to block tax
- US steel drives Lakes surge
- Smit heavy lift not for sale
- Swedish officers threaten strike
- LA expands 'cold ironing'
- Deltaport tackles congestion
- US fines operator for bypass
- Scheldt dredging agreement signed
- Marina to manage safety inspections
- Brostrom adds Dunya tankers
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| JANUARY 21, 2005 |
- Horizon Lines mulling IPO: Report
Largest U.S.-flag ocean carrier in discussions with investment banks to underwrite offering, according to Wall Street media reports.
- Feds changing truckers' hours of service rules
- Hong Kong retains box crown
- Strike over at India terminal
- EU irks U.S. with sanctions plan
- Westwood, Star to coordinate on U.S.-Asia routes
- Seaboard Marine buys ship from Sirius
- FedEx adds ‘hotshot’ Mexico service
- ICTS Europe acquires maritime security company
- Vietnam to build cargo vessels
- Singapore sues ship owner over collision
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| JANUARY 21, 2005 |
- Seven weeks to ‘dig out’ of Vancouver’s Delta storm
Vancouver’s largest terminal, Delta Port, is predicting a seven-week slog to overcome the container-backlog caused by a combination of bad weather and railcar shortages.
- New berths ease Dalian congestion concerns
The two new berths that will be operational at Phase II of Dalian Container Terminal this July will ease the pressure on the port’s handling capacity, said a terminal executive.
- Customs seize contraband in HK waters
- Genoa PA starts PSA evaluation
- Channel dredge at Busan New Port brought forward
- Rotterdam Port Authority’s steep pay-rises get round opposition
- Norfolk Southern lifts USEC intermodal embargo
- Sydney continues growth trajectory
- Napier to double container quayline
- SBB Cargo aims for profitability in 2005
- Seaspan charters newbuild to CSCL
- Marseilles workforce back investment strategy
- Hanjin Shipping aims to halve debts in 2005
- Correction: Evergreen Group subsidiary signs Ningbo deal
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| JANUARY 21, 2005 |
- Target doubles its money
A Greek bulker owner is trousering $39m in profit on assets it held for 18 months.
- Stelmar makes it official
New OSG acquisition formally withdraws its listing from New York Stock Exchange.
- US bans master for a year
Coast Guard marshals originally thought drunk captain might be terrorist.
- NAT adds another suezmax
New York listed company pays $68.25m for 1998-built vessel.
- Cargo coup for Cosco
Chinese giant says 2004 volume up 23% as teu total jumps to 4.66m.
- Prisco wins again
Another record year for Russian tanker owner’s cargo volumes in 2004.
- Smit mulls fleet sale
Dutch salvage giant may offload the 160 vessels in its transport and heavy lift division.
- Henschien will not appeal
Bergen marine insurance broker abandons costly battle to recover missing funds.
- Crewmen found dead
Six bodies have been recovered close to the location of the Pioneer Naya sinking.
- Tanker rates sink again
Tonnage/cargo balance working in charterers’ favour as Middle East Gulf VLCC market weakens further.
- Thumbs up for Izar
European Commission backing for plan to rescue Spanish state shipbuilder could sound death knell for civil orders.
- French ambush aframax
One Teekay ship has been arrested and forced to pay for the sins of another.
- Sales boost for Hanjin Shipping
Korean boxship owner expects 8% rise in turnover during 2005 as Asia drives demand.
- Brostrom takes Turkish tankers
Swedish owner will operate Suay Umut's eight products carrier newbuildings.
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| JANUARY 21, 2005 |
- OSG completes takeover of Stelmar
- Hanjin plans for another record year
- Med Shipping extends two West Coast South America services to U.S.
- Hatsu targets transatlantic
- CMA CGM may enter more ships under British flag
- Westwood, Star Shipping to share space in Pacific
- IMO urges Ridge to allow U.S. shore leave for seafarers
- Delta Air Lines loses $5.2 billion in 2004
- Continental Airlines suffers $363 million loss
- World signs record wet lease with EVA Airways
- Western Hemisphere airlines to reduce fuel burn through RVSM
- Coast Guard investigates barge explosion in Chicago waterway
- Econocaribe promotes Roycroft to Mid-Atlantic sales manager
- FMC revokes 4 OTI licenses
- CBP offers C-TPAT training
- USDA to review 2 trade assistance requests
- Antwerp passes 6 million TEUs for first time
- Montreal box traffic up 9% for 2004
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| JANUARY 21, 2005 |
- Farstad/Aker LoI extended until Monday
Farstad Shipping has until Monday to decide to order two UT 751E PVSs for just over NOK 500 million at ...
- Marianne Lie gets a deputy
The Norwegian Shipowners’ Association (NSA) has appointed the 51-year old lawyer/economist Jørgen Vatne as new Deputy Managing Director ...
- ESPO sees problems with EU port directive
European Sea Ports Organisation (ESPO) will propose a series of amendments to the draft EU directive on access to port ...
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