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| JANUARY 25, 2005 |
Shipping News
- US trial denied in cruise compensation case
MALAYSIAN cruise company Star Cruises has ducked a potential US$10 billion payout to victims of a fatal boiler explosion aboard the SS Norway in 2003 after a US court denied the victims and their families a US trial.
- IMO tells US to treat seafarers as partners
THE International Maritime Organisation has urged the US to treat seafarers as partners and not as potential terrorists.
- NOL cargo volumes jump 17% in six-week period
SINGAPORE's Neptune Orient Lines said it transported 17 per cent more cargo during a six-week period from mid-November to end-December compared with a year earlier, as the container shipping industry continues to enjoy buoyant volumes and freight rates.
- Gulf tanker rates expected to remain at 14-month low
- UK navy to survey tsunami epicentre
- Evergreen sees '05 profit growth, seeks to invest more in China
- M'sian navy detains Taiwan ship seized by mutinous crew
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| JANUARY 25, 2005 |
- Shanghai trade up 40pc in 2004
- Tianjin Port to become leading port by 2010
- No China garment flood despite lifting of quotas, yet
- Penanshin Shipping opens branches in India
- NYK China cargo to surpass 1m TEU in 2004
- Air Canada to fly from Toronto to Beijing
- Italian airline launches Shanghai service
- Emirates orders 45 A380s to meet rapid growth
- United names new vice president, treasurer
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| JANUARY 25, 2005 |
- Additional port of call to enhance Safmarine OPEX service
- P&O Nedlloyd to buy CMA CGM Black Sea service slots
- CP Ships’ Lykes Lines awarded $ 145-m 10-year contract by US govt
- Neil Kinnock to advise BIMCO on EU maritime affairs
- AADA to reduce bunker surcharge
- MOL subsidiary in UAE
- Shreyas Shipping to start feeder services to Pakistan ports
- EC team inspects seafood units
- Big fish may let in the small fry on tsunami of sympathy
- Textile machinery, equipment imports set to surge
- GPPL developing modern box terminal at Port Pipavav
- GMB signs MoU with Hutchison Ports for feasibility study of 2 ports
- Foreign consortia among bidders for Sewri-Nhava Sheva sea link project
- Foreign reserves shrunk by over $ 2 billion
- Traders draw up 15-pt charter seeking amendments in VAT paper
- Fieo seeks freeze on I-T Dept’s demands on DEPB sale proceeds
- Forex reserves swell by $ 266 million
- Oilseeds, edible oils import duties under the scanner
- Exim Bank extends $ 225 m LoC so far in 2004-05
- Drawback system abnormal, aver apparel exporters
- Foreign Trade Analysis: Current Policy & Procedures
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| JANUARY 24, 2005 |
- Bunker spill disrupts operations in Salalah
Fuel tank overflow triggers immediate clean-up operation in Omani port.
- ARA market softens as crude slips back
- Suez avails unlikely to improve until early February
No show of resupply pushes Canal's earliest bunkering dates into next month
- US cold, China, Iraq and OPEC keep oil on the boil
Crude prices continue firm after Friday's rally as snowstorms hit the US Northeast, while upcoming OPEC meeting and Iraqi elections keep traders on their toes.
- Aviation looks to shipping's strategy for price protection
World Fuels chief risk officer says the aviation industry is increasingly looking at the shipping industry's widely-used strategy of hedging against rising fuel prices.
- Bominflot to open new Scandinavian office
Representation Office is the first for the Bominflot Group in this region.
- Tsakos Shipping pays double for Delaware spill clean-up
Tsakos Shipping and Trading has paid almost double the fee required by US law for damages relating to oil spills.
- Japanese traders eye Korean demand in wake of alerts
Japanese traders have said they expect increased demand in Japanese ports following the issue of a bunker alert in Busan last week.
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| JANUARY 24, 2005 |
- 2004 a bumper year for TimoCom
- Cost of traffic offences rises in Italy
- Taranto assigns logistics platform construction and development to Gavio
- US reports increased trucking, warehousing and courier revenues
- Dnata installs ground movement radar system in Dubai
- Auction of seaport of St Petersburg postponed
- Port of Rotterdam commercial boss quits
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| JANUARY 24, 2005 |
- Fred Olsen expands fleet
- Farstad cancels Brattvaag ships
- Broström buys Nordtank Shipping
- Marseilles dockers say "yes" and "no"
- Good year for KR
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| JANUARY 24, 2005 |
- Farstad cancels PSV agreement
- COSCO orders world's largest box ships
- High speed cat carries tsunami aid on delivery voyage
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| JANUARY 24, 2005 |
- WTSA member carriers schedule rate increases on list of commodities
- IMO boss meets with Secretary Ridge to speak on maritime security matters
- ITC names James Lyons as new general counsel
- Sea-Tac Airport hosting environmental conference
- Navy taps Bath Iron Works for $562 million destroyer contract
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| JANUARY 25, 2005 |
- Listing on Horizon for Castle Harlan
HORIZON Lines is the next shipping company laying the groundwork for an initial public offering in New York, according to market reports in Wall Street.
- Cosco inks $506m deal for 10,000 teu containerships
CHINA Ocean Shipping Co has put its money where its mouth is, signing for four 10,000 teu container vessels, the largest declared capacity for boxships in the market so far.
- Tang Shan steel deal ironed out
FURTHERING its tie ups with the country’s leading steel mills, China Ocean Shipping (Group) Co has signed a strategic partnership framework agreement with Tang Shan Iron & Steel Group, its fourth such contract, writes Sam Chambers in Hong Kong.
- BG to supply Italy with Egyptian gas
BG, THE UK integrated gas major, has tied up a contract to supply Egyptian liquefied natural gas to the Italian market.
- Equitas in fight for US law change
EQUITAS is seeking changes to proposed new legislation before the US Senate this week that effectively singles it out for risk of bankruptcy.
- Normandie Express joins relief effort
THE Normandie Express, Brittany Ferries’ high speed catamaran, built by Incat in Tasmania, is taking a detour with tsunami aid for Indonesia on her delivery voyage from Hobart to France, the shipbuilder announced yesterday, writes Rob McKay.
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| JANUARY 24, 2005 |
- LNG first for Egypt
EGYPT’S first shipment of LNG left Damietta yesterday for Spain on the Naviera Gran Sol-owned Cadiz Knutsen and opens up a new export sector
- Iran names new transport minister
IRAN has nominated Syed Mohammad Rahmati as the new transport minister following the impeachment of the former minister by parliament in October
- Hundreds ill on Caribbean cruise
THE Royal Caribbean cruise ship Mariner of the Seas is the second of the company's fleet to be hit this month by a Norwalk-like virus
- NofE highlights hatch cover losses
DEFECTIVE or poorly maintained hatch covers are instrumental in causing substantial cargo damage claims, according to the North of England P&I Club
- Peel blocks Mersey Docks bid
- EU gets anti-pollution vessels
- Folkestone to renew and dredge
- Shreyas flags up Sub-Con link
- Israeli ports post healthy profit
- Box ship rates stay firm
- Vietnamese PM seeks ship release
- Cosco places first 10,000 TEU order
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| JANUARY 24, 2005 |
- Box ship orders top $25 billion
Rally drives value of new vessels up by 250 percent in just two years.
- Neptune Orient Lines year-end volume soared
- Blizzard buries Northeast U.S. aviation
- Union Pacific profit drops
- Georgia ports notch six-month record
- Hamburg Süd upgrades Gulf service
- CMA CGM expands trans-Pacific service
- Wainio new Tampa port director
- Union Pacific reopens flooded lines
- FedEx explores French high-speed rail link
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| JANUARY 24, 2005 |
- Ceres Paragon offer's too low, says Kritikos
Ceres Terminals founder Christos Kritikos admitted that he was blocking the sale of the Ceres Paragon terminal in Amsterdam explaining that ‘the price is not right.’
- Singapore Government sues P&O Nedlloyd
The Singapore Government has filed a civil suit against P&O Nedlloyd, the owner of boxship ANL Indonesia which collided with a Singapore Navy boat two years ago.
- Le Havre tackles crane question in bid to improve productivity
- eLogicity’s PSA International/P&O Ports (Australia) suit dismissed
- Hyundai wins four 10,000TEU orders from Cosco
- France’s Compagnie Nouvelle de Conteneurs faces restructuring
- Norfolk Southern faces heavy weather and lawsuit
- MEPs make business-friendly amendments to draft security directive
- Zhuhai and Macau disagree on cross-border bridge landing points
- ANZ wine shipments break new records
- Upbeat Crossrail proud of first year’s achievments
- Klaipeda claims laurels of ‘Tallinn-Klaipeda’ range
- HK people ignorant of logistics and supply chain
- Basel breaks volume record
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| JANUARY 24, 2005 |
- S&P deal nets quick profit
Frontline rings up easy gain of $54m on VLCC sistership transaction.
- Aker cuts yard stake
Norwegian industrial group wipes out debt with sale of 20% of interest in shipbuilder.
- British owners in port warning
Lack of container capacity could relegate UK warns shipping chief Michael Parker.
- Brostrom in Danish buy
Lennart Simonsson's Brostrom is printing up stock certificates for a new acquisition.
- Torm grabs PCL four
Klaus Kjaerulff-led Torm has forked out $200m for a coated panamax fleetlet.
- Chernomorsky in the dock
Ukrainian shipbuilder faces legal action over unpaid wages to workers.
- Hydro pays out Farstad
A Norwegian bid-rigging scandal has scuppered two newbuildings at Aker Brattvaag.
- Grounding corks Zeebrugge
Tugs have freed a brand-new Minerva Marine aframax and relieved traffic at Zeebrugge.
- Incat shrugs off strike
Australian ferry builder’s part-time workers walk out after seven years with no pay rise.
- 'Ridiculous' offers welcome
Analysts doubt Genmar's Peter Georgiopoulos can elicit a cash offer from Frontline.
- Illness hits another cruise
More than 250 passengers struck down on top rated Royal Caribbean vessel.
- Bisco beats path to Thailand
Vietnamese owner launches containership run from Ho Chi Minh City.
- ASRY supplies Kuwaitis
Bahrain shipyard wins order for supply ship from KOTC.
- Cruise growth for Olsen
Norwegian owner to invest $80m in adding fourth vessel to serve expanding UK market.
- P&O pulls out of Hamburg
Relieved UK group makes small profit on sale of Hanseatic Trade Centre in tough German market.
- Shreyas powers on
Strong third quarter boosts Indian boxship owner even further as charter hire income rises.
- Cosco inks boxship monsters
State-owned Chinese shipowner finally puts pen to paper on world’s largest containerships.
- All change at Thoresen
Arne Teigen and sons to take backseat at expanding bulker player in management reshuffle.
- Adsteam wins subsidy
Aussie ports and towage group set for up to $1.5m in funds to ensure national salvage capability.
- Celebrity eyes Asia
Up market subsidiary of Royal Caribbean Cruises to deploy ship in region from 2006 onwards.
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| JANUARY 24, 2005 |
- EU lifts threat of sanctions against U.S.; condition attached
- COSCO ship orders break 10,000-TEU barrier
- Europe West Indies Lines starts new loop
- Seaboard buys roll-on/roll-off ship
- El Salvador freight charges to be paid only outside country
- United promotes Mikells to VP, treasurer
- NVOs, NIT League fight attempt to postpone new NVO contract rule
- DHS picks diverse membership for COAC
- Houston port weighs security fees
- Port of Marseilles Authority sees mixed referendum results
- Everett rail-barge pier receives state environmental permit
- Scioli, head Baltimore port spokeswoman, dies
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| JANUARY 24, 2005 |
- More WWL contracts for low sulphur fuel
Wallenius Wilhelmsen Lines has signed another two contracts with Sannes (Shell Marine Products) and ExxonMobil for supply of low sulphur ...
- EMSA to charter four anti-pollution vessels
The European Maritime Safety Agency has been given the go ahead to use EUR 17.5 million to charter oil pollution ...
- Broström acquires Nordtank and part in Furetank fleet
Broström has acquired the Danish broker Nordtank, owned by the company’s MD Michael Hjortböl and the Swedish shipowner Furetank on ...
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