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| SEPTEMBER 27, 2005 |
Shipping News
- Legislators seek probe into Carnival deal
WHEN Carnival Cruise Lines agreed to lease three ships to the government to house evacuees from Hurricane Katrina, the company president portrayed it as an act of compassion intended to 'provide desperately needed housing for thousands of individuals'.
- Daewoo Shipbuilding wins big rig order
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said it has received an order for one drilling rig valued at 511 billion won from SeaDrill Ltd.
- Maritime safety to get a boost from EU proposals
THE European Commission will present wide-ranging proposals in November to enhance maritime safety and introduce better cohesion among the 25 EU member states, transport commissioner Jacques Barrot said yesterday.
- 2 tankers detained for oil transfer, illegal entry
- Tanker rates may gain a fifth week on rising demand
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| SEPTEMBER 27, 2005 |
- Taicang port to handle 3m TEU by 2010
- BAX Global gains TAPA license for 3rd HK logistics centre
- CSCL ranked 5th in carrying capacity
- Sino-Mongolian trade rises over first eight months
- New Manson vessel stops at MICT
- Singapore, Indonesia continue joint maritime training for officials
- Yuantuojiao to build large logistics centre
- Ecu-Line on the move in Switzerland
- China's mechanical, electrical exports up 33pc over Jan-Aug
- Delta Airlines to slash up to 9,000 jobs
- JFK Intl airport paves way for A380s
- Avion Group orders 4 Boeing 777 freighters
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| SEPTEMBER 27, 2005 |
- Yang Ming Line announces new direct, weekly service ex-Nhava Sheva to Far East/China
- Shipowners find MoS’ 35 m GT target ‘unrealistic’
- LNG vessel owners face $ 30-bn bill between 2010 & 2020
- BRS enters into JV to form Swaraaj Shipping & Logistics Pvt. Ltd
- DCI to acquire small dredgers
- Merchant shipping recruitment rules eased
- MOL upgrades WA1 liner service between Asia, South & West Africa Second loop to continue with PIL
- Wilh Wilhelmsen, SvitzerWijsmuller in supply vessel JV
- Hanjin, "K" Line, YML to launch new Asia/Med service
- NOL volumes, revenue surge
- Ecu-Line service to Casablanca
- Cosco Pacific’s H1 profit doubles
- 2 lakh tonnes of white sugar for Pak
- Thailand offers 82 more goods under FTA
- Mundra Port firms up plans to expand cargo handling capacity
- CoPT invites bids to set up mega shipyard
- A-I, IA to convert aged aircraft into cargo carriers
- V.V. Rao boards AFL as Chief Exec. (Logistics)
- Forex reserves dipped by $ 278 million to $ 1,45,277 million
- Export boom set to generate over 1.5 cr jobs till 2010
- Move to establish SEZ for pharma industry in Ahmedabad
- Textile Minister expects exports to cross Rs 60,000 cr. in calendar 2005
- Pepper exporters seek international freight subsidy to perform better
- Petroleum Ministry wants to grant bunker oil, ATF deemed export status
- Nokia SEZ gets govt approval
- India’s growth will top 7.1 pc, Chidambaram tells IMF panel
- IMC, Karachi Chamber to set up JTC to boost Indo-Pak trade
- Govt to rope in software maintenance in service tax net
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| SEPTEMBER 26, 2005 |
- Kongsberg Gruppen sells yachting business
- Dubai yard chief to signal safety remedy at ShipRepair
- UK detains 11 in July
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| SEPTEMBER 26, 2005 |
- Bush waives Jones Act again
- Hornbeck announces major newbuild programs
- No Rita damage to Horneck Offshore fleet
- USCG works to reopen ports and waterways
- Shipowners spending more on repair and maintenance
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| SEPTEMBER 26, 2005 |
- Washington governor has busy day in Beijing
- Crowley delays service restart as Hurricane Rita threatens region
- Port of Everett opens Pigeon Creek public trail
- Boeing works tentative deal with striking IAM workers
- Customs adds Santos to list of CSI member ports
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| SEPTEMBER 27, 2005 |
- France confirms SNCM sale
THE French government is to sell state-owned Mediterranean ferry operator SNCM to investment company Butler Capital Partners for Euros 35m, it was announced this evening.
- Insurers brace themselves for $7bn hit from hurricane
HURRICANE Rita is likely to cause insured losses in the range of $4bn to $7bn, according to the latest assessment from a top risk model firm.
- Rita leaves trail of damage in Gulf of Mexico
DRILLING rigs and platforms in the Gulf of Mexico have sustained severe damage in the aftermath of Hurricane Rita, with reports of some destroyed facilities, writes Martyn Wingrove.
- EU tells Turkey to drop boycott of Cypriot-flag vessels or be barred
TURKEY will not be allowed to join the European Union unless it ends a boycott of Cypriot-flagged ships, EU transport commissioner Jacques Barrot said yesterday, writes Justin Stares in Brussels.
- IMO and ILO say cover for seafarers still unsatisfactory
REGULATORS are hardening their position on the cover taken out against seafarer claims for death, personal injury and abandonment.
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| SEPTEMBER 26, 2005 |
- Dutch newbuildings for Jamaican CG
JAMAICA has taken delivery of the first of three new offshore surveillance vessels for its Jamaica Defence Force Coast Guard, the Jamaica Observer reported last week
- Irish Ferries managers criticised
A report by a leading Irish business consultancy is believed to have criticised the managers at Irish Ferries and called on them to take a 5% pay cut
- Lube oil supply crisis looming
PANIC buying of lubricating oils by ship operators fearful of a supply squeeze could turn a tight position into a full-blown crisis, according to market sources
- Barrot pledges better regulation
THE EU transport commissioner has pledged to the shipping industry that he will only consider new legislation that could offer better and more beneficial regulation
- EU tries again for bloc IMO entry
THE European Commission is preparing a second watered-down bid to gain bloc IMO membership for all 25 EU member states
- Umfolozi clean-up almost complete
- Houston area assesses Rita damage
- Nedlines targets Dutch hauliers
- UK revisits 'road pricing'
- Iraq prepares for Ramadan cargo
- S Korean yards seek cheaper steel
- Typhoon Damrey spares Hong Kong
- Barry Rogliano moves into India
- Mokpo-Shanghai car ferry to resume
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| SEPTEMBER 26, 2005 |
- Lines extend trans-Pacific surcharge
Carriers expect vessels on all-water services to Charleston (left), other East Coast hubs to remain full through January.
- Law: Making the loser pay
- Another confessed murderer testifies in ILA trial
- U.S., China renew trade talks
- Ports of Houston, New Orleans re-open
- PierPass volume growing
- Georgia ports post record volume
- Record for U.S. rail traffic
- Judge won't toss Ga. suit in S. Carolina boxport case
- Labor slowdown for Chittagong
- Panalpina exercises overallotment after IPO
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| SEPTEMBER 26, 2005 |
- Port of Vancouver signs Deltaport deal
The Vancouver Port Authority has concluded an agreement with Orient Overseas International subsidiary TSI Terminal Systems, for a 50-year operating lease on the proposed expansion of the Deltaport container terminal.
- ATA: US diesel-prices growing, on diet of fuel-supply scares
With Hurricane Rita making less impact than expected this weekend, US fuel-fears receded, but diesel-prices are rising overall, thanks to successive fuel supply-threats, the American Trucking Association (ATA) has warned.
- UPDATED: Houston staff back to work today, landside re-opening tomorrow
- ICF Hungarian office to focus southeast Europe push
- Inchon may see its first transpacific service
- Ginseng smuggler arrested at Ulsan Port
- Reported new shareholders raise Yangshan profile
- ASEAN and China meet to enhance bilateral trade
- Russian Rail hopes UNESCAP co-ordination will benefit Russia route
- Korea and China to co-operate in logistics
- Retailer to Target Port of Savannah
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| SEPTEMBER 26, 2005 |
- New Waive
Jones Act suspended again for 30 days for petroleum cargoes in wake of Hurricane Rita as President Bush outlines new response measures.
- Exmar takes derivatives hit
Nicolas Saverys-led Exmar confirms another LNG regas order and reveals that financial charges flattened a 65% operating result gain.
- Clarksons to seek $300m
Pierre Aury’s new hedge fund prepares to woo professional investors to shipping market.
- Carnival under scrutiny
US politicians from both parties are calling for an investigation of a US government charter of three Carnival cruiseships.
- Sabine buyer emerges
Nordic American reveals it has paid $70m for the suezmax that OMI is selling.
- EC in Turkey shoot
Commission chief Jacques Barrot to ruffle feathers over Cypriot ship ban
- Hoegh Galleon is laid up
Belgian charterer signals dire state of the LNG freight market by withdrawing carrier from trade.
- BRS breaks into India
French broker teams up with Samrat Shipping's Kishore Sippy to grow Asian presence.
- Philippines to back owners
Government keen on providing loans to cut shipping companies’ costs.
- OMI and Athenian settle
Spat over non delivery of suezmax newbuilding is resolved with return of $6.4m deposit.
- Transfer tankers seized
Illegal entry and transhipment in Malaysian waters lands two crews in trouble.
- Moore Stephens limits
Last chance to sue the shirts off the backs of top shipping and insurance accountants.
- Ship overheads soar
Maintenance and repair bills rise as freight boom puts a premium on seaworthy vessels
- UK nabs faulty 11
Maritime & Coastguard Agency detains bulkers and boxships during July, as well as a reefer with 36 deficiencies.
- Superferry deal under threat
Construction of first Hawaiian fast ferry at Austal could stop if legal challenge succeeds.
- Dreyfus Channel bound
French shipowner to replace P&O Ferries on Portsmouth to Le Havre cross Channel ro-ro service.
- Braila runs to loss
Aker Yards’ Romanian shipbuilding unit has been hit by soaring costs in the first half.
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| SEPTEMBER 26, 2005 |
- U.S./South Europe carriers raise bunker charges 24%
- Wan Hai Lines adds two more 4,250-TEU ships
- China Shipping receives 4,250-TEU ship
- Crowley delays return to Gulfport
- Bentzel to represent ARC on maritime matters
- Nedlines starts U.K./Netherlands freight, passenger service
- Virgin Atlantic to increase London/Cape Town winter season flights
- Bacarella joins Airforwarders Association board
- ATA: Rita relief requires relaxation of truck regulations
- U.S. steps up fight against wildlife trafficking
- Kuehne + Nagel completes $10.8 million Leipzig redevelopment
- DSC Logistics to use RedPrairie software
- Houston, Gulf ports partially reopen after Hurricane Rita
- Port of Vancouver, TSI agree on lease
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| SEPTEMBER 26, 2005 |
- Consafe Offshore listed on the Oslo Stock Exchange
Today, September 26, the Consafe Offshore share commenced its trading on the Oslo Børs (Oslo Stock Exchange) main list. The ...
- New Sundbus is finally on the way
The first newbuilding to Sundbusserne will arrive in Helsingborg in November 2006. That is the latest estimate from Per Svensson ...
- "Norden" upgrades after a handy sale of two handy-max
Dampskibsselskabet "Norden" of Copenhagen has upgraded its profit for 2005 with another USD 23 million to USD 300 million for ...
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| SEPTEMBER 26, 2005 |
- PDVSA Deltaven advises new contact details
- Houston: Bunker rationing 'a real possibility'
Suppliers today assessing refinery outages and supply disruption with bunker rationing being considered as demand exceeds available product.
- Additives supplier to resume normal operations 'in days'
Following a near-miss by hurricane Rita, lubricant and fuel additive supplier says normal operations should resume within days.
- St. Croix bunkering facility upgrade gets green light
Bunkering should be more efficient and safer following installation of two new pipelines.
- Ship detained after oil pollution incident
Ship detained by UK Maritime & Coastguard Agency found to have deficiencies on fuel tank valves as well as lacking detailed bunkering procedure.
- Post-Rita oil price slide continues in historic weekend trade
IPE opens for first-ever Sunday session to allow for real-time reaction to Rita.
- Bunker demand, China, to drive increased Q4 fuel oil imports
Expected strong bunker demand in Q4 as well as renewed Chinese interest will see western fuel oil arrivals into Asia increase.
- TSA: Quarterly fuel adjustment factor too slow
Transpacific Stabilisation Agreement members say quarterly assessment of its bunker adjustment factor is too slow, warning of a new system.
- World Fuel Services stock offering completed
WFS will have a minimum of $95 million for 'general corporate purposes' following public offering.
- Rotterdam reported tight for prompt
- Shipping firms up bunker surcharge
Skyrocketing bunker fuel costs have led Filipino shipping firms to increase their bunker surcharge.
- Singapore: Oiltanking adds new berth on Jurong Island
Oiltanking's new petroleum products berth on Jurong Island, Singapore, has started operations and will increase turnaround time for vessels.
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