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| JUNE 27, 2005 |
Shipping News
- Shipping groups urged to oppose EC's IMO membership
THE International Chamber of Shipping has urged its members worldwide to lobby their governments to thwart plans by the European Commission to take over representation of European states at the International Maritime Organization.
- Grand Alliance poised for P&O Nedlloyd pullout
P&O Nedlloyd's anticipated withdrawal from the Grand Alliance has been given tacit acknowledgement by its alliance partners who have pledged a continuation of quality service to their customers.
- China Cosco's US$1.22b IPO priced at low end
CHINA Cosco Holdings Ltd raised US$1.22 billion after pricing its initial public offering near the bottom of a proposed range amid tepid demand, a source close to the deal said yesterday.
- Johor coast hit by oil slick: report
- British coastguard detains oil tanker for safety faults
- Stuck under a bridge
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| JUNE 27, 2005 |
- Hanjin Shipping's freight rate index higher in May
- Senator Lines operating result up 80pc in 2004
- Famous Pacific launches new northbound service
- Taiyo Seiki introduces box lashing product
- Qingdao port to handle 12 million TEU by 2010
- NOL wins second `Shipping Line of the Year' award
- FedEx reports record fourth quarter revenue, earnings
- Austrian Airlines awards 3-year handling contract to Menzies in Australia
- Japan faces pilot shortage as baby boomers retire
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| JUNE 27, 2005 |
- Gulf tanker rates rise as supply of idle ships shrinks
- Asian shipowners mull overhaul of association to exert greater influence on world maritime policies
- Duty-free import of raw sugar to be stopped
- EU move to cut sops may give fillip to sugar exports
- India seeks more avenues for turnkey & other projects in Qatar
- India keen on augmenting trade with Bangla
- ChPT installs equipment to tackle oil spill
- Howrah Bridge mishap underscores need to insure maritime assets-KoPT Chairman
- Schenker India inaugurates direct weekly console services ex-Hyderabad
- 10.2 pc service tax on air cargo operators illogical-CIAe
- Rlys seeks long-term cargo commitment from petroleum industry
- Forbes Patvolk plans to develop CFSs over 3 years, acquire more ships
- SPV for core sector projects to be fully owned by govt
- MoF draws up plan to speed up I-T refunds
- Norms to be set for future trade agreements
- 14,516 small-scale units get credit guarantee cover in 2004-05
- Anti-dumping duty on Chinese silk fabrics may be imposed by Aug.
- Demand for Indian soyameal soars
- RBI committee proposes measures to further deregulate forex market
- Duty-free import of raw sugar to be stopped
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| JUNE 24, 2005 |
- Hellmann Worldwide Logistics appoints new business development executive
- HHLA - the major force in the port of Hamburg
- Emirates Sky Cargo: freighter services to Delhi
- Modalohr’s rolling motorway – alternative to the Fréjus tunnel
- UPS introduces new service on Asia-Europe route
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| JUNE 24, 2005 |
- "Logistics operators at increased risk"
- MOL in Oman JVs
- MOL says aufwiedersehen to Frankfurt SE
- Fos get hi-tech box scanner
- Canada updates ports law
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| JUNE 24, 2005 |
- Ferry case doctor enters guilty plea
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| JUNE 24, 2005 |
- WSF holding meetings to discuss long-range plans
- Oregon Senate passes governor's ConnectOregon bill
- US rail freight count backslides during week
- WSDOT schedules closures for repairs at Hood Canal Bridge
- Columbia University hires Marcon to sell ocean research vessel
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| JUNE 27, 2005 |
- New Fortis five-year plan puts focus on ship finance
European financial services giant Fortis has unveiled a five-year plan in which ambitious growth in ship finance plays a key role.
- Shipowners blast smaller ports over ISPS compliance failures
MANY shipping companies have the impression that the effort they have made to improve shipboard security in application of the International Ship and Port Facility and Security Code is frequently not matched by the ports, according to a survey of its shipping company and port clients by classification society Bureau Veritas.
- EU stance on shipbreaking ‘unanimous’
THE Council of the European Union has taken the unusual step of going on record to register that member states are unanimous in their position on ship dismantling.
- Piano out of tune with Genoa plan
RENZO Piano, the acclaimed architect whose design for the port of Genoa was welcomed by many in the Ligurian city as a visionary response to the challenge of modernising an ancient port and roundly criticised by others as “science-fiction” and worse, has lost patience with his fellow citizens and abruptly withdrawn from the project.
- Korea wants ‘flying’ ships by 2010
FOR those shipowners who have multi-million dollar ship contracts for vessels to be delivered in 2008 or later - take a deep breath.
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| JUNE 24, 2005 |
- Foot passengers an 'inconvenience’
"WE MAKE losses on foot passengers ... they are an inconvenience," was the message from one cross-Channel ferry company at a ferry industry conference yesterday
- Spain attacks BMA, ABS and IACS
SPAIN’S maritime administration has accused the BMA, its Bahamas counterpart, of ignoring the structural deficiencies of the Prestige before it sank in its report to the IMO
- Report - Emergency plan deficient
AN AUSTRALIAN report has found that there were ‘significant deficiencies’ in emergency planning following a main engine breakdown aboard the Maersk Tacoma in 2001
- ‘Doctor shopping’ guilty plea
- Mumbai strike slows operations
- EC at IMO crossroads
- Sea Malta talks not finalised
- MOL de-lists in Frankfurt
- Federal control of LNG sites likely
- Work on Meulaboh pier begins
- Arpeni raises $32M from Jakarta IPO
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| JUNE 24, 2005 |
- WCO agrees to new anti-terror rules
New global measures aimed at boosting security, easing international trade and fighting corruption among customs officials.
- Greenspan: Forget China curbs
- Europe View: Ports could break peak supply chain
- P&O deal won’t stop Grand Alliance
- LA box traffic slows
- UPS backs 2Q guidance
- Rail carloads increase
- S. Carolina asks port bids
- DHL air express gets small
- Fill contract for Mobile terminal
- Zim plans Kingston logistics hub
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| JUNE 24, 2005 |
- More PONL services considered for Deurganckdok
P&O Nedlloyd (PONL) has confirmed that more services for Antwerp’s new Deurganckdok are seriously being considered, following Antwerp Gateway’s announcement of Grand Alliance (GA) Loop B.
- Mumbai Port box-handling workers on strike
About 1,500 workers employed with private transport contractors at Mumbai Port went on ‘indefinite’ strike yesterday to press demands for absorption by the contractor eventually selected by the port trust.
- Grand Alliance looks forward to future without PONL
- MOL to apply for Frankfurt de-listing
- GAO testimony raises possibility of e-tag shortage
- Norsul to build new barges for Brazil and SAmerican cabotage
- WCO adopts ‘global C-TPAT’ standards
- Sethu Ship Canal Corporation signs MoU with Suez Canal Authority
- SITC Steamship orders speedy delivery of feeders
- Kursiu Linija consolidates European network
- ABP announce ‘modest’ results impact of new accounting standards
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| JUNE 24, 2005 |
- IPO shares cut
TBS pares back issue to 8.16m shares from 8.5m in addition to discount pricing, will gross $81.6m.
- Nordic buying again
Herbjorn Hansson's company picks up fourth suezmax since October's transformation.
- Crowley set to reorganise
Tom Crowley's men are set for a transcontinental chair swap as the company regroups. Questions about labour arrangements remain unanswered.
- South Africa looks at Maersk merger
Competition authorities scrutinising proposed tie-up with P&O Nedlloyd because of big market share.
- TBS prices at $10
Tweendecker owner goes public at 50% discount, overcomes late accounting snag and will begin trading this afternoon on Nasdaq exchange.
- Russia plans second register
Shipowners to be offered tax breaks to lure them from flags of convenience.
- TBS touch and go
Fate of tweendecker company's IPO remains in doubt amid 'very difficult' pricing process, weak stock market.
- Oman extends LNG ship interests
State shipping line snaps up stake in Osaka Gas Co vessel as it drives to grow fleet.
- Lindo looks for more
AP Moller-Maersk shipyard wants another 175 staff to boost productivity.
- STX wraps up boxships
Korean shipbuilder signs with Japan’s NYK for three 2,900-teu vessels.
- Kiperousa salvage aborted
Operation called off after Greek owner fails to put up financial guarantees.
- NYK charters out LNG ship
Japanese owner backs up parent Mitsubishi Group with transportation for Oman-US cargoes.
- State appeals over ferry deal
Washington seeks to overturn judge’s ruling letting Martinac Shipbuilding back into race for three-ship contract.
- Korea cranks up ports plan
Government earmarks $2.5bn to expand Busan and other facilities this year.
- Chong back for more Vita
Links Island Holdings founder makes second purchase of Singapore shipowner’s shares in a week.
- Canada holds faulty quartet
Two tankers, a bulker and a general cargoship failed port state checks in May.
- Healthy rise on Arpeni debut
Indonesian shipowner’s IPO off to good start with 12% jump in share price on first day of trading.
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| JUNE 24, 2005 |
- Grand Alliance carriers to cover loss of P&O Nedlloyd
- Matson to promote Cox, Hoppes
- Labor mediator calls for pause in UPS talks with pilots
- America West, US Airways merger passes first regulatory review
- Icelandair Cargo's volumes down 7% in May
- Kuehne + Nagel opens larger Netherlands air freight terminal
- Austrian Airlines awards Menzies cargo handling contract in Australia
- BA World Cargo promotes Gardiner, Searancke
- Customs authorities endorse supply chain security regime
- U.S. shippers urge "even-handed" trade policies for China
- WTO panel sides with U.S. against Japanese apple import restrictions
- USDA provides $141 million to promote American ag products abroad
- FAO: World cereal trade to decline slightly in 2005-2006
- Warburg Pincus invests in New Breed
- USDA releases 500,000 metric tons of food aid for Africa
- Port of Auckland box volume up 5% in May
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| JUNE 24, 2005 |
- Quiet end to bunkering week in New York and Houston
Key USEC and Gulf ports end the week quietly with light demand and competitive pricing.
- Testing agency reveals MARPOL Annex VI sulphur violations
Fuels with sulphur content exceeding 4.5% have been supplied in recent weeks in Italy and Singapore, and because the latter is a signatory to MARPOL Annex VI, this might be the first known case of supplier violation of the sulphur regulation.
- Rotterdam congestion pushing demand to other ports
Intensified loading congestion at Rotterdam's main fuel oil terminal has led some to seek alternative loadings in Antwerp, while suppliers in Hamburg reported extra demand this week.
- Fuel and lube test kit supplier launches new website
Kittiwake launches new corporate website with easier navigation, greater depth of technical information and improved search functionality.
- TNK-BP: Russian export duties help boost trading margins
TNK-BP's VP for trading and logistics has said that while it is in Russia's best economic interests to reduce taxes, as taxation is not an incentive to increase production, the current regime can be exploited to increase oil companies' trading margins.
- Trader expects volumes to surge nearly 50% in 2005
Oil trading arm of the SK Group is expecting to see its trading volumes surge almost 50% this year as the company continues to make a striking recovery from an accounting scandal in 2002.
- UK player expands bunker team
- Russian bunker company builds two oil terminals
Russian bunkering company will have two oil storage terminals boasting a combined storage capacity of 32,000 metric tonnes by 2007.
- Middle East companies join hands to protect environment
Two Middle East companies have signed an agreement to provide swift and joint oil spill clean up and containment response in the region.
- Asian shipowners seek greater influence
The Asian Shipowners Forum (ASF) may need to establish a more permanent group if Asian owners want a greater voice in international maritime affairs.
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