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| MAY 26, 2005 |
Shipping News
- S'pore to boost Asia's maritime profile with 'world class' event
AN attempt is being made to establish a world class maritime exhibition and conference in Singapore so that Asia is better integrated with the global maritime industry.
- PSA to invest in Tianjin Port expansion
PSA International Pte will make its fifth investment in mainland China as it expands operations in the world's fastest-growing economy.
- Have fun, and think about joining shipping industry
ICE-cream and satay sticks, bottle caps and straws may be the most unlikely materials to build boats with but that's what some 450 secondary school students will use to construct their own motor-driven, self-propelled boats - in an attempt to get a feel of what's in store for them in the shipping industry.
- Indon court defends tanker sale
- Dubai Ports looks to Asia to tap growing economies
- China sees 50% rise in volumes in five years
- Seamen block Irish ferry over cheap hiring policy
- New service from Korean container companies
Strait Talk
- An ironic twist to speculation on P&O
THE UK press was busy speculating on the future of P&O last week, following reports that Singapore's Temasek may have bought a small number of shares.
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| MAY 26, 2005 |
- PIL joins ECSA
- Maersk merges Shanghai offices into single space
- Heihe imports cargo worth US$14.7m since January
- Dalian to quadruple shipbuilding output
- Hamburg Sud promotes two executives in the Americas
- Coastal shipping expected to make a comeback in Australia
- Dachan Bay project fails HK green test
- Awards opens 9th office in China
- China Airlines adds 747 freighter to fleet
- SriLankan launches `flying truck' service to Coimbatore, India
- NWA to cut 2,000 mechanics from rolls says union
- Air France-KLM orders 5 Boeing 777Fs
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| MAY 26, 2005 |
- Mercator takes delivery of used Aframax tanker
- Patel Engineering Works trains prospective marine engineers at Kandla
- Jewellery exports total $ 25 bn in 2004-05
- India emerges as largest supplier of castor oil, derivatives
- Nafed to export rape/mustard seeds
- India's proposal on unbound tariff lines upsets US
- Pakistan sees vast scope for bilateral trade
- 'India Initiative 2005' to open in Warsaw on June 16
- Jawaharlal Nehru Port - 16 years young & raring to go
- Baalu sets ball rolling for early launch of Sethu project
- Railways haul record 601.89 m tonnes in 2004-05
- CONCOR gets clearance to set up ICD at Gurgaon
- Jet Airways starts Chennai-Kuala Lumpur daily service
- Rlys carries 15.48 pc more cargo in April
- Chidambaram seeks BCC&I help in facilitating tax compliance
- Business confidence index ascends to new high in April, finds NCAER study
- 2005-06 export target fixed at $ 92 bn
- Panel formed to sort out differences on FTP
- India can become international trading centre for diamonds, stresses Kamal Nath
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| MAY 25, 2005 |
- Refiners: 1.5% sulphur demand manageable - not 0.5%
"Refiners have three choices; either invest in the expectation of a 'specialty' premium on 0.5% bunkers, invest to exit the bunker market or export and exit the EU bunker market," says refining lobby group.
- Crude jumps on surprise US stock draw
Crude prices jumped today after two days of gains, and some analysts believe this could be the beginning of higher prices caused by a tightening US market.
- DOE & API at a glance: Latest US inventory data
- Off-spec fuels reported in New York
Fuel testing company issues fuel quality alert regarding high density fuels found in New York, according to reports.
- Strategic Baku-Ceyhan pipeline opens
The pipeline between the oil-rich Caspian Sea and the Turkish Mediterranean port of Ceyhan was inaugurated today, allowing oil from the region to reach world markets directly.
- Styrene contamination prompts de-bunkering application
Following recent reports of styrene contamination found in fuels in the Amsterdam-Rotterdam-Antwerp (ARA) region, container giant has reportedly submitted an application to the Maritime and Port Authority of Singapore (MPA) to de-bunker one of its vessels.
- Cruise line returns to St. Croix bunker stop
Royal Caribbean cruise lines has negotiated a second season of bunkering stops for its smaller vessels, and may consider refueling larger vessels on the island in the near future.
- Bunkering Golf Tournament restarts in Singapore after two years
Singapore's bunker industry figures were worrying about a different kind of bunker today as the republic's Bunker Industry Golf returned after a two year break.
- Rotterdam market firm this morning
- Singapore MPA clarifies Marpol VI stance
Singapore Port State Control (PSC) officers will be guided by the MPA's bunkering code on sampling and will show some flexibility for vessels arriving from non-Marpol signatory states, local authority tells Bunkerworld. Meanwhile, putting the same questions to authorities in two Marpol VI signatory states has revealed some discrepancies in interpretation of the Regulation.
- Asian owners seek stronger voice through Sea Asia event
Shipowners hope new event will help Asian players gain stronger voice in "euro-centric" maritime industry.
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| MAY 25, 2005 |
- APL launches Irish feeder service
- Asiana Airlines names Swissport agent at Schiphol
- Dubai to build 40-km long bonded overland cargo corridor
- Crowe and Natural to merge
- Iran, Tunisia sign MoU on Transportation
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| MAY 25, 2005 |
- ICS/ISF opposes greater IMO role for EU
- Burmese government accused over trade unionist’s death
- Eurasia boss: "Owners must value seafarers more"
- LR’s new LNG carrier guidelines
- MSC signs up ShipServ for its HK fleet
- Ex-Maersk man to become one of Samskip’s top 3
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| MAY 25, 2005 |
- Aker and Kvaerner to establish Aker American Shipping
- Incat lays keel for 112 m cat
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| MAY 25, 2005 |
- Seattle Coast Guard clinic wins top health care facility honor
- Schnitzer board taps Carter as new CEO and President
- Hawks Prairie Restaurant takes first in Olympia chowder competition
- AAPA enters partnership with navigation association
- Top Tankers walks away from vessel purchases
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| MAY 26, 2005 |
- BIMCO chief Pontoppidan focuses on new generation
KNUD Pontoppidan of AP Møller-Maersk has been formally elected the new president of BIMCO and has pledged to drive forward the global shipowner association’s ambitious plans to appeal to a new generation of young shipping executives.
- Höegh poaches Støhle to head new LNG arm
BERMUDA and Oslo shipowner Leif Höegh has headhunted former Golar gas executive Sveinung Støhle to beef up its new-look liquefied natural gas shipping business due later this year to become a standalone company within the family group.
- Chamber of Shipping slams Orrell over tax ‘posturing’
BRITAIN’S shipping bosses have angrily denounced the head of officers’ union Numast for his “posturing and rhetoric” in a keynote speech on tonnage tax.
- Goods seized in Festival court case
THE bankruptcy of Festival Cruises a year ago continues to make waves in Italian maritime circles, with a Genoa court moving this week to seize the personal belongings of 17 former company executives and board members.
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| MAY 25, 2005 |
- Miami to levy cruise security fee
MIAMI, the world’s largest cruise homeport, is planning to levy a security fee on cruise passengers by the end of the year, in addition to the new levy on containers
- China Shipping eyes Yangshan stake
CHINA Shipping’s port arm is keen to secure a sizeable stake in Phase II of Shanghai’s giant Yangshan container port project as the delivery of four 9,560 TEU ships draws closer
- PSA to invest in Tianjin expansion
SINGAPORE container terminal operator PSA International is expanding its presence in China by investing in the expansion of Tianjin port in the north
- Cynthia Fagan: correction
FAIRPLAY understands the dry bulk vessel Cynthia Fagan suffered a small fire during a recent call at Djibouti. The ship's crew quickly extinguished it
- ICS/ISF debate hours of work
HOURS of work will become a major issue for shipping in the future, and consequently was one of the topics discussed at the joint ICS/ISF annual meeting
- Eurogate signals growth ahead
EUROGATE, the German container terminal operator, is hoping to raise its box throughput by 15% this year, driven by growth at its German flagship terminals
- Canal chief expands on expansion
- CalMac proposal worries union
- Cash-rich owners can afford to wait
- Agency rate squeeze to tighten
- Spill tug officer pleads guilty
- Liner execs warn of box chaos
- Caribbean labour predicts calm
- Coast Guard backs sea marshals
- 'Great opportunity' for shipping
- China's textile exports 'soaring'
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| MAY 25, 2005 |
- Teamsters truck campaign goes global
Tracking the worldwide business of shipping lines, union is taking its effort to organize harbor truckers international.
- USSEC hikes westbound rates
- Maersk exec says tighter trans-Pacific capacity coming
- Export ABCs: More on the Sarbanes-Oxley effect
- U.S.: Port security flawed
- Bill bolsters TSA funding
- Long wait for new Canal locks
- CMA CGM eyeing buy: Saade
- Hickler lands at DHL
- CPR extends Montreal hours
- Yellow completes USF buy
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| MAY 25, 2005 |
- Carriers fear rates may 'go off a cliff' in Asia/Europe trade
Spot rates on the Asia/Europe trades are down below US$1,000/TEU, according to liner sources in Asia, who are frustrated at the carrier’s collective lack of resolve.
- Zim prepares for market downturn
Zim Integrated Shipping Services will issue bonds to industrial institutions in the US to raise funds for further expansion in the next two years.
- ACT on the verge of signing first customers
Asian Container Terminal (ACT), the Kwai Chung operation recently acquired by joint shareholders Dubai Ports International (DPI) and Singapore’s PSA Corp, is close to signing up two major lines.
- Howe Robinson: tight market sees tight resistance and tight margins
- Chertoff pushes ‘security envelopes’
- Nansha intensifies Shenzhen competition
- China’s loss is India’s gain, says FIEO
- Montreal intermodal terminal goes 24 hours
- Eurogate announces €52.1m net profits in 2004
- Finnish lockout will not cut paper service to UK, says Stora Enso
- New panamax container crane for Koper
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| MAY 25, 2005 |
- No Festival
Italian court orders seizure of assets of former Festival Cruises execs including Rina's Gianni Scerni.
- Taking stock
OMI's 'Big Two' have been awarded restricted stock worth more than $2.7m at today's share price.
- Bharati nails Norway orders
Sea-Cargo and Nor Lines contract for four ro-ros, with options for eight more.
- Tug mate pleads guilty
Bouchard employee Franklin Hill faces a year in jail for causing Buzzards Bay oil spill in US.
- Hoegh spins off LNG arm
Norwegian owner brings in Sveinung Stohle to head up LNG activities under a separate company.
- Depressed crewman found dead
UK inquest rules Pole died of natural causes on Irish containership.
- Aker nears Color Line deal
Announcement of firm cruiseship order for Finnyards expected this week.
- QGTC to spend $20bn
Qatar’s newest shipping company boss Bob Curt says more equity will be needed to fund plans.
- More for Mercator
Indian tanker owner just keeps on growing as profits triple in year to 31 March.
- Union man murdered in Myanmar
ITF promising to isolate Asian nation after associate worker tortured and killed by army.
- Court backs Frontline
Indonesian judge overturns ruling fining tanker owner over purchase of VLCCs from Pertamina.
- Grindrod moves into commodities
South African shipowner buys external commodity trading and shipping operations from Seaboard Corp.
- Arteaga still stuck in China
Spanish owned suezmax tanker remains under detention seven weeks after grounding off Dalian.
- Tajima two acquitted
Panamanian court clears Filipino seafarers accused of murdering Japanese VLCC officer in 2002.
- Koreans pair up
Heung-A Shipping and STX Pan Ocean to launch direct service between China and Southeast Asia.
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| MAY 25, 2005 |
- GAO finds Patriot’s protest ‘meritorious’ in contract dispute
- Samskip hires former Maersk executive Hassing to go global
- CCNI opens South Korea offices, takes slots on Atlantic service
- AOTOS awards go to Davis, Handy, Scioscia
- Coast Guard seeks cause of vessel fire in New Orleans
- Boeing launches 777 freighter aircraft
- FMC reviews 3 OTI applications, revokes 2 licenses
- Bonner, Danet stump for international security standards
- NIT League briefs FMC on industry issues
- Zumstein, Cheeseman expand GeoLogic contracts
- DHS contracts for prototype detectors
- ICC issues warning on port bottlenecks
- PSA to build box terminal in Tianjin
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| MAY 25, 2005 |
- ICS/ISF voices concern over EU power ambitions
The international shipowner organisations International Chamber of Shipping, ICS, and International Shipping Federation, ISF, have held their annual general meetings ...
- "Norway" has left for Malaysia
"Norway", built 1961 as "France" and once the biggest cruise liner in the world, has left for Malaysia and could ...
- Norwegian yards want maintenance of new frigates
Several Norwegian yards line up to compete for the maintenance of the five new Norwegian frigates being delivered from the ...
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