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| SEPTEMBER 26, 2005 |
Shipping News
- IBM, Maersk team up on ship tracking device
GOVERNMENT cargo inspectors would be able to get real-time data about the contents and whereabouts of shipping vessels around the world under a new tracking service being introduced by International Business Machines Corp and the Danish shipping giant AP Moller-Maersk A/S.
- Oiltanking starts ops at new Jurong berth
OILTANKING Singapore has announced the commencement of operations at its new $20 million deepwater petroleum products berth on Jurong Island.
- Btl holds shipping folks' scramble in serapong
ABOUT 120 players from the Asian shipping fraternity descended on Sentosa's Serapong Course recently to participate in the 16th Annual BTL Golf Masters, the longest running tournament in the local industry.
- India may replace a third of its ships within 5 yrs
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| SEPTEMBER 26, 2005 |
- Fuel costs causing concern for transpacific ocean carriers
- TSI enters into 50-year lease agreement with Port of Vancouver
- TNT announces strategic direction for 2006, secures 2 new contracts
- SNCM sells stake in Sudcargos to CMA CGM
- APM Terminals finalises deal to operate Nigerian terminal
- Zim turns to IAS solutions to manage data, equipment repair
- FedEx posts better than expected Q1 earnings
- Kitty Hawk Cargo expands service to San Diego
- Continental to inaugurate new service to Canadian airport
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| SEPTEMBER 26, 2005 |
- Maersk Logistics & IBM join hands for tighter security of transported goods
- Policy changes, infrastructure growth hold key to India joining league of global shipping powers
- Doyen of maritime fraternity, K. T. R. Nambiar passes away
- Mercator eyes offshore operations
- Seaways Shipping extending coastal service to Chennai Port
- Dhamra port may achieve financial closure by year-end
- ABG Shipyard to enter capital market
- Friends & Friends Shipping takes over CWC’s ICD-Waluj in Aurangabad
- Navi Mumbai SEZ bidders seek re-tendering of project, move High Court
- ECGC pays Rs 25 cr. dividend to govt
- Facility centres to boost handicraft exports
- Tax breaks under Sec. 10A, 80-IA & 80-IB under review
- Kamal Nath heading business delegation to US this week
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| SEPTEMBER 23, 2005 |
- Jetzer to become new Swiss chairman
- Texan ports brace as hurricane Rita approaches
- Lufthansa unveils new organisational structure in Europe
- Lehnkering selling tank farm operations
- New Schenker logistics centre in Silesia
- Pakistan and Algeria to expand trade
- Oracle to buy transportation software firm G-Log
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| SEPTEMBER 25, 2005 |
- USCG mobilises Auxiliaries as Rita near Texas
- US owners slam Jones Act waiver calls
- ABS issues LNG ship propulsion standard guide
- Gazprom, Itochu and MOL in Shtockman study
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| SEPTEMBER 25, 2005 |
- Post-Rita overflights find moderate damage
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| SEPTEMBER 23, 2005 |
- VPA inks 50 year lease with TSI Terminal Systems
- Rail traffic posts gains in spite of Hurricane Katrina
- Oregon Maritime Museum event will feature Louie Louie performer
- TSA carriers exploring options for meeting rising fuel costs
- New customers bring ships to Port of Everett terminals
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| SEPTEMBER 26, 2005 |
- Rita closes Texas ports but spares Mississippi
HURRICANE horrors have paid a return visit to US Gulf Coast, with major Texas ports and waterways remaining disabled as of Sunday afternoon for reasons that included many navigational aids having shifted out of position.
- Transpacific lines’ fuel bill set to rocket
HIT by rapidly rising fuel costs, container lines on the transpacific trade are warning of a new fuel surcharge system as current quarterly adjusted surcharges leave them millions of dollars out of pocket.
- French demand Maersk Barcelona master in court
THE Ukrainian master of the 2,328 teu Maersk Barcelonahas been ordered to appear in court in Brest on February 1 to answer the charge that he caused pollution 160 km off the Brittany coast last Tuesday.
- Shipping sees IPO ambitions disappear over Horizon
POPULAR wisdom may proclaim the return of optimism but shipping’s initial public offering market is not entirely rid of frayed edges, as proved by the 33% price cut and postponement of the Horizon Lines IPO and a last-minute delay to the American Commercial Lines deal.
- Dress code gets knotted by Baltic
THIS month sees the most fundamental change to the London shipping market in a generation but neither double-hull tanker demand nor Chinese iron ore imports are at issue.
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| SEPTEMBER 23, 2005 |
- Rising fuel costs bring TSA rethink
RUNAWAY fuel costs have prompted members of the Transpacific Stabilization Agreement (TSA) to review current calculation formulas and existing contracts and customers can expect a call to discuss possible options
- Horizon IPO founders
JONES Act boxship operator Horizon Lines was scrambling to resuscitate its initial public offering yesterday after its original sales pitch failed to fly with investors
- Hurricane Rita: update
THE LOWER Mississippi River will be closed later today by the Coast Guard in advance of Hurricane Rita’s expected landfall tomorrow morning
- Irish Ferries talks hit stalemate
TALKS are reported to have failed to produce any breakthrough in the row over Irish Ferries' plans to replace its existing workers with cheap labour from overseas
- Pappadakis elected at Intercargo
LONDON Greek owner Nicholas Pappadakis has been elected chairman of dry cargo owners’ organisation Intercargo
- SNCM awaits white knights
THE names of the investors chosen to save the French state-owned ferry operator SNCM from bankruptcy are to be revealed by the government on Monday
- Oil prices weaken on Rita news
- German yards boost productivity
- Hindustan Petroleum eyes Shell deal
- SembCorp anticipates repair work
- India relaxes recruitment rules
- US encourages shippers to transfer
- Cosco-Wallem venture launched
- New name, new focus for MISC
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| SEPTEMBER 23, 2005 |
- Boxship charter rates sliding
While the charter market softens from May peak and shipyard orders slow, market doesn't see end to shipping rally yet.
- TSA lines plan fuel talks
- USSEC fuel hike
- Export ABCs: Updating the Commerce Control List
- FMC OKs NVO service agreements for shippers' groups
- Port of New Orleans shuts as Rita closes in
- AgTrade plans for WTO talks
- U.S. may waive Jones Act post-Rita
- States sue over wood packaging rules
- Horizon Lines reprices IPO
- TSI to run new Vancouver terminal
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| SEPTEMBER 23, 2005 |
- Maersk appoints senior managers following PONL buyout
Senior management positions at Maersk Line, which recently concluded the acquisition of P&O Nedlloyd (PONL), have now been decided and circulated internally to staff.
- ANL in major PNG expansion
ANL Container Line is to substantially upgrade its Australia-Papua New Guinea links through a slot charter agreement with Schoeller’s Project Asia Service and Austral Asia Line.
- Hurricane Rita weakening slightly, but still Category 4
- Pretoria guarded over China textile restrictions
- Australian truckers blockade interstate routes
- Evergreen prepares for the worst
- Indian Cabinet approves Rs8bn JN Port expansion project
- US textile group seeks more safeguards on Chinese textiles
- HK invests in sustaining logistics growth
- Gwangyang to develop logistics park
- TransContainer captures 17.6% of Russian rail-forwarding market
- Chao Yang upgrades China-Korea-Russia service capacity
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| SEPTEMBER 23, 2005 |
- Big Muddy closed again
Coast Guard orders 'hard closure' of Mississippi River below Baton Rouge as storm surge from Hurricane Rita wreaks havoc.
- OMI gets chatty
Connecticut tanker company has called its first investor briefing for next week, prompting speculation owner will offer monthly market guidance on rates.
- Mosvold digs deep for drillship
Norwegian family to launch new venture with $500m order at Samsung.
- Rita relenting?
Signs of good news for Houston shipping, refinery operations as weakened hurricane wobbles east toward Texas-Louisiana border.
- ABG targets VLCCs
Indian shipyard wants to become first yard to build big tankers following IPO.
- Eagle helps Norden soar
Danish dry cargo owner upgrades profit forecast after gain on sale to IPO venture.
- Poor look out caused crash
ATSB says failure to keep look out caused collision between bulker and trawler off Australia in April.
- Ferry cheat jailed
Former OVDS finance director Borre Simonsen has fraud sentence cut by six months to two years by Norway’s highest court.
- Great Eastern sells again
Another handysize bites the dust at Indian owner, leaving it with three similar-sized bulkers.
- Crew rescued from cargoship
Captain abandons Cambodian-flagged vessel in South China Sea after engine breaks down.
- SembCorp buys Sabine yard
Singapore shiprepairer to move into US to repair hurricane damaged offshore rigs.
- Orey profits jump
Portuguese broker and agent benefits from Spanish acquisition in first half.
- KOGAS rejection irks STX
Korean shipbuilder to file complaint with domestic anti-trust watchdog over exclusion from LNG tender.
- Green light for HUBLine bonds
Malaysia’s financial regulators give go ahead to intra-Asian boxship player's plans to issue Islamic bonds.
- Volumes up 10% at NOL
Continued demand growth helps lift number of containers carried by Singapore liner firm.
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| SEPTEMBER 23, 2005 |
- TSA carriers bemoan fuel costs
- Gazprom, MOL, ITOCHU to study Russian LNG transportation
- MarAd extends VISA program one year
- MISC unveils new corporate identity
- Seaboard Marine opens in Miami, shuts down in Houston
- Trailer Bridge names Gawrysh VP, inland operations
- Delta to cut up to 9,000 jobs
- Avion Group orders four 777 freighters
- Continental to start daily non-stop Newark/Barcelona service
- CP Railway has agreements in place with Canadian unions
- DOT prepares for Rita
- Advance data remains high priority for CBP
- Bush asked to reject agriculture coalition's Jones Act waiver request
- Shipper groups protest proposed U.S. "catch all" export regulations
- Bush administration strengthens intellectual property protections
- CBP eliminates ACE bond rider
- APM Terminals awarded Lagos concession
- Brazil port implements CSI
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| SEPTEMBER 23, 2005 |
- Assens Skibsværft will close next year
Assens Skibsværft will close down when the present order book is delivered. That decision was taken today by the board ...
- Bail set for "Maersk Barcelona"
A court in Brest, France, have set a bail of EUR 500,000 for the release of the container carrier "Maersk ...
- Sulphur emission controls in more areas
After the first Sulphur Emission Control Areas (SECA) has been enforced in the North Sea and the Baltic it could ...
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| SEPTEMBER 23, 2005 |
- Crude falls as Rita veers away from Houston
Oil markets relaxing today even as US Gulf Coast braces for hurricane's landfall.
- Colonial betting on low-sulphur future
By offering low-sulphur fuel oil, Colonial Oil is staying ahead of impending US fuel restrictions.
- ING Bank: Tax system will spur oil sector development
ING Bank has said Russia's oil tax regime has boosted refining margins 186% and will help speed refinery upgrades.
- Bitumen mine be explored for marine fuels
Indonesian bitumen mine to supply upwards of 1.2 million mt of marine fuel oil to Chinese firm annually.
- Australia: Legal wrangle over contested marine fuels
A Scandinavian bunker company has laid claim to fuel onboard vessel seized by Australian authorities this month.
- India: Petroleum ministry asks for tax relief on bunkers
India's ministry of petroleum has asked the commerce ministry to grant deemed export status to bunker oil as suppliers hope to increase their sales volumes.
- Rotterdam soft to stable this morning
- Hong Kong typhoon threatens to disrupt bunker deliveries
Bunkering in Hong Kong may be suspended as Typhoon Damrey approaches and is expected to gain in strength overnight.
- Tougher curbs on sulphur emissions underway
More SECAs and tougher curbs on sulphur emissions from ships may be considered, industry expert predicts.
- KIC oil storage space attracts overwhelming interest
Total storage demand at the proposed oil hub at Tanjung Bin has been confirmed by interested independent oil traders even before development work has commenced.
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