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| NOVEMBER 24, 2005 |
Shipping News
- EU to vote on dock liberalisation in January
THE European Parliament is set for a January vote on a hotly contested Bill designed to liberalise cargo handling at European Union seaports after an inconclusive debate on Tuesday in the assembly's Transport Committee.
- Dry bulk freight rates slip to 2-month low
THE cost of shipping commodities such as iron ore and coal fell for a sixth consecutive day, reaching its lowest in more than two months, as ships available for November hire outnumbered cargoes.
- Busan Port handles 1.1% more boxes in Oct
HUTCHISON Whampoa Ltd, Hanjin Shipping Co and other operators of South Korea's Busan Port, the world's fifth-busiest, handled 1.1 per cent more containers last month, helped by growing trade with the United States and Europe.
- Tanker freight rates seen extending last week's gains
- Kuwait lends Bahrain money to build port
- Man-made noise threatens marine mammals: report
Logistics
- Logistics behind the glitz
THE glamour of the catwalk, fashion spreads in glossy magazines and the ringing of cash registers in high street boutiques: these are the visible parts of the global garment business.
- FedEx sees Asia boost from new China hub
FEDEX Corp, the world's top air express shipper, expects a boost from its new China hub to be opened in late 2008, as the industry is set to benefit from a continuing inter-Asia cargo growth, a senior executive said recently.
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| NOVEMBER 24, 2005 |
- Senator Lines starts new S China-Mid East service
- CMA CGM reshuffles, renames round-the-world services
- FPS names new chairman, executive committee
- Chinese cargo vessel runs aground off Virginia
- Port of Seattle approves budget
- JIRA awards MOL with gong
- LCAL orders Dreamliners
- US$337m expansion plan for Chicago O'Hare Airport unveiled by DOT
- Qatar Airways launches flights to Nairobi
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| NOVEMBER 24, 2005 |
- Zim Line opens India office
- ONGC may soon bid to buy out Shell’s Hazira LNG terminal
- We’ll go ahead with SCI stake sale-Baalu
- GE Shipping delivers Handysize dry bulk carrier
- KDS to adopt shipyard model to augment earnings at dry docks
- Coordinator of Major Ports, Shipping Dept may be appointed
- PPT may invite fresh tenders for 3 berths
- Dock workers join Global Action Plan
- TSA announces further freight rate hikes for 2006
- Railways seeks stakeholders’ views on transportation of containers by private companies
- Disinvestment: Left parties now taking the ‘right’ direction
- Moscow Region invites Indians to join hands with Russian businessmen, offers incentives
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| NOVEMBER 24, 2005 |
- New Virgin Atlantic Cargo Asia/Pacific head
- Strong growth in port of Rotterdam
- Emirates consolidating UK services
- Kombiverkehr taking over ICA share from ICF
- 72 t vehicles bound for Gothenburg
- Gist reports mixed 2005 results
- Port guidelines compromise rejected in Brussels
- Kewill acquires Interchain
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| NOVEMBER 23, 2005 |
- ESPO calls for ports directive to be scrapped and restarted
- MOL consortium signs long-term LNG charter
- MOL wins investor relations award
- French Hydrographic Office approves pre-compiled chart data
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| NOVEMBER 23, 2005 |
- Manitowoc Marine to build hot oil barge
- Exmar orders further LNG regasification ship
- $5.42 million TSV maintenance award
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| NOVEMBER 23, 2005 |
- Northwest partnership purchases Tidewater
- Coast Guard simulates mass rescue exercise
- Port of Seattle opens new Cell Phone parking lot
- Port of Olympia project nets funding in DOT bill
- NYK developing new system to reduce fuel consumption
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| NOVEMBER 24, 2005 |
- Clipper plans $280m splurge on bulkers
DANISH-Bahamian owner and operator Clipper is poised for a big pre-Christmas spend on a fleet of handysize bulkers at a cost likely to exceed $280m.
- Owners give positive verdict on Brussels Erika 3 package
MORE than a year behind schedule and after last-minute tinkering, the European Commission published its third package of maritime safety legislation yesterday. The industry verdict? Positive.
- Barrot backs ports services
European Union Transport Commissioner Jacques Barrot said yesterday that he would persevere with the controversial port services directive despite attacks from all sides, writes Justin Stares in Brussels .
- Imarex and NOS bunker derivatives move
NORWEGIAN futures exchange Imarex and its clearing house partner NOS are to offer screen trades in bunker fuel derivatives from December 5, writes Neville Smith.
- De Savary enters the Lion’s Den
FORMER Thamesport, A&P Appledore and Falmouth Oil Services boss Peter de Savary has been appointed chairman of Millwall Holdings, the AIM-listed company that owns Millwall FC, writes David Osler.
- 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 23, 2005 |
- AWB guarded over kickbacks scandal
AWB Ltd managing director Andrew Lindberg today deflected questions about the company’s involvement in the oil-for-food bribery scandal
- New luxury condo ship plan
ANOTHER luxury condominium vessel concept has emerged, seeking to follow in the footsteps of The World and previously announced plans by Four Seasons
- Philippines will suffer as wages rise
FILIPINO Shipowners Association president Carlos Salinas has warned that the continued increase in seafarer wages will hit the country’s manning industry
- Grounded tanker salvage continues
SALVAGE efforts continue today to free the Liberian-flagged tanker Sperchios that grounded yesterday off the Puerto Rico port of Guayanilla
- Cruise rebounds as fuel moderates
CRUISE line stocks have rebounded as operating costs, especially fuel prices, moderated in the weeks since hurricanes Karina and Rita
- Migrant smugglers sentenced
FIVE convicted Dominican migrant smugglers were sentenced yesterday in a US Federal Court in Puerto Rico to a total prison term of 73 years
- Bunker futures trading begins 5 Dec
- Main engine failure: Greece, S Africa
- Indian owners bid to stop strike
- Marpol briefing approaches 100
- Brazil cruise season bursts into life
- Customs hits back over IT allegations
- Turkish ports need better distribution
- Turkey 'has never had it so good'
- Latin leaders move ahead on orders
- Prisco results boost share sale plan
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| NOVEMBER 23, 2005 |
- Maher Terminals seeking investor
Largest marine terminal operator in Port of New York/New Jersey is seeking a strategic partner to help finance expansion.
- FMC reviews goals
- Setback for EU port deregulation
- The Journal of Commerce offers teleconference on liner consolidation
- U.S., EU sign interim wine pact
- Bayport contracts on Houston agenda
- Buyback for Norfolk Southern
- Diana Shipping gets new vessel
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| NOVEMBER 23, 2005 |
- SITC enters terminal construction business in Qingdao
SITC Group in China will participate in the construction of a container terminal for the very first time, starting with the company’s base in China’s Qingdao.
- Independent-minded Maher offer strategic minority stake
US-based Maher Terminals are offering a minority stake to a strategic investor, but have ruled out any co-operation which could threaten their independence.
- Owners look for New Year cheer as fall in activity could presage Xmas lull
- Smit and unions to talk
- Cargo migration could see ro-ro operators swap to lo-lo
- Patrick profit slips
- Visakha terminal touts clear quays
- Box line consolidation hits Shipping Australia
- Ukrainian mainports in race to end of 2005
- New free trade zone at Inchon Port
- Delmas and MOL to continue E. Africa service after PONL departure
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| NOVEMBER 23, 2005 |
- Diana chops 1m shares
Company heads into tepid equity market with smaller hopes.
- Broker jumps from Clarkson's to SSY
World’s largest dry cargo house beefs up derivatives team again in Singapore.
- Europe targets the substandard
New EU maritime safety plan floats idea of “European flag,” plus more banned ships.
- Stolt-Nielsen serves up fish stake
Chemical owner to dispose of portion of Marine Harvest in IPO slated for first-half 2006.
- Ganger Rolf to sell NSA share
Soon to be merged TFDS and OVDS set to take over remaining stake in German agency.
- MBC makes more
Revenue lift and lower finance costs boost Malaysian owner’s third quarter profit.
- Varun denies stake-sale talks
Share price sent soaring by rumours of Reliance interest in Indian owner’s stock.
- Lorenzo edges ahead
Higher box volumes just outweigh cost increases for Philippine feeder company.
- Manitowoc to build barges
US shipyard group seals deal for up to two hot-oil vessels for Harley Marine.
- Simon says deal done
UK ports operator signs up Norfolkline for another service calling at its Humber Sea Terminal.
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| NOVEMBER 23, 2005 |
- IMO chief addresses shipping's role in society
- Senator Lines starts South China-Middle East service
- Dole buys new reefer units
- MOL signs LNG charter agreement
- Shandong vessel makes first call to Shantou
- Coal shipments on Great Lakes improve in October
- Lufthansa lowers fuel surcharge
- LAN Cargo names Florida sales director
- ABF promotes three execs
- Mallory Alexander names Treadwell to development group
- Spero to lead CBP on temporary basis
- BIS’s McCormick heads to India
- Honeywell unit picks Schneider Logistics to manage shipping
- Kuehne + Nagel names Kolbe CIO
- Ozburn-Hessey hires Honious as engineering vice president
- Port of Olympia secures intermodal funding
- Short sea carrier to start U.K.-Netherlands service
- Goltens buys Nyland Maritime in Norway
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| NOVEMBER 23, 2005 |
- Swedish tonnage tax decision delayed
The Swedish tonnage based tax system investigation will file a proposal in January next year. A decision can then be ...
- Confusion over ports directive in Parliament
The debate in the EU Parliament’s Committee on Regions and Transports on the EU Commission’s proposal on a new port ...
- South African service sold to Mitsui
A.P. Møller-Mærsk has made an agreement with Japanese Mitsui OSK Line for the takeover of P&O Nedlloyd’s South ...
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| NOVEMBER 23, 2005 |
- Houston finishes quiet, prices steady
Prices move little as demand falls ahead of US Thanksgiving long weekend.
- Freeport bunkers by barge only
Refinery re-opens first loading terminal, but vessel traffic limiting bunkers to barge delivery.
- DOE & API: Latest US inventory figures
US inventories of crude and key products rose last week.
- Hong Kong ready for MARPOL Annex VI ratification
Hong Kong on course to submit the legislation next year, but its potential SECA status is less clear.
- Imarex to enter $60 billion bunker fuel derivatives market
Imarex says it will be the only global market place offering electronic trading of bunker fuel derivatives with straight-through clearing.
- Rotterdam bunkers little change despite overnight crude gains
- Bunker supplier seeks listings in Johannesburg and London
Bunker supplier to list on the Johannesburg stock exchange on November 25 may also consider a listing in London to fund ambitious future expansion.
- Repsol reports rise in Peru volumes on back of Chile shortages
Supplier reports benefits from shortages in the Chilean market, discusses South American expansion.
- Algeciras volumes rise, supplies at anchorage surge
In the period January to September, bunker volumes in Algeciras have risen significantly, with supplies at anchorage rising 25%.
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