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| FEBRUARY 28, 2005 |
Shipping News
- Cutting ports' turnaround times in India
TURNAROUND time in Indian ports has improved over the last five years, but 'considerable effort' is needed to bring the country's ports up to world standards said India's Economic Survey 2003-2004, ahead of its Budget.
- Gen Maritime shares up on takeover talk
THE shares of General Maritime Corp, the second-largest US-based oil tanker owner, rose to an all-time high last week on speculation that rival Frontline Ltd will succeed in acquiring the company.
- Aussie ports get its first post-panamax cranes
AUSTRALIAN ports have received the country's first post panamax container cranes with the arrival of one at Brisbane recently.
- Asian boat show opens tomorrow at Suntec
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| FEBRUARY 28, 2005 |
- OOCL Atlanta unveiled in Korea
- Panalpina re-ignites IPO plan
- Christensen to bid Modern Terminals farewell
- C8 lines impose West Africa congestion surcharges
- Kuehne & Nagel expected to strengthen industry leadership position in 2005: report
- Northwest, Korean Air agree to transport cargo for each other
- Dragonair raises HKD1.3m in tsunami relief
- Jetstar Asia appoints Ken Ryan as CE
- Davies Turner Air Cargo invests in NE England
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| FEBRUARY 28, 2005 |
- S. R. Kulkarni hails new maritime policy
- IPBCC imposes ‘Chennai Emergency Congestion Surcharge’
- ECU-Line offers weekly service ex-Tuticorin to Antwerp
- Pharma units keen on JVs in CIS—Elangovan
- India, Singapore agree on rules of origin
- Netherlands keen on promoting trade with India
- No congestion at CCT, hence feeder operators’ surcharge is unjustified, stresses CCTPL
- JNPT to host 3-day Major Ports Kabaddi tourney from today
- CWC deploys Fantuzzi reach stacker at its Kandla Port CFS
- Lalu spares all
- Soyameal trade seeks transport subsidy to give teeth to exports
- Apparel park scheme in for overhaul
- DGFT sets terms for allowing scrap imports by branch offices of inspection agencies
- Textile exporters urge govt to allow overtime to fulfil increasing orders
- Govt not to allow grain exports yet
- IOB to market ECGC products
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| FEBRUARY 25, 2005 |
- Impending single-hull ban could hit Asian fuel oil supply
Fuel oil players 'caught with their pants down' as global ban looms on the transport of heavy grade oil on single-hull tankers.
- Rotterdam market steadier Friday
- Yanbu cargo sold locally as Singapore interest fades
Singapore traders lose interest in fresh 650 cst fuel oil cargo after sudden rise in freight rates.
- Bominflot Group adds agency services in Las Palmas
- Singapore: More storage projects on the horizon
Oil analyst discloses more storage terminal plans for Singapore.
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| FEBRUARY 25, 2005 |
- Savi Technology unveils DoD supply chain RFID Solution
- USA: DOT proposes additional air cargo rights to China
- PWC Logistics acquires Trans-Link group
- DDSG scoops up the Hungarian Mahart group
- JetBlue celebrates five years of service
- Eukor plans new car carriers
- Euro-Log AG: Ralf Stohldreier resigns
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| FEBRUARY 25, 2005 |
- Panama makes IMO payment
- German yard’s boxship deal
- Athos 1 clean up continues
- Shipmaster of the Year named
- Genmar profits from strong tanker market
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| FEBRUARY 25, 2005 |
- New OPV for Falklands waters
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| FEBRUARY 25, 2005 |
- Corps forced to shorten list of Oregon ports to be dredged
- US Rail freight counts post gains for week
- Port of Port Angeles wants airport feedback
- Matson making big investment in new Guam/China service
- Seattle-based cutter offers emergency relief
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| FEBRUARY 28, 2005 |
- Sterling wins Lloyd’s List award for achievement
CHAIRMAN of P&O Lord Sterling has been recognised for his contribution to the maritime industries with this year’s Lloyd’s List Lifetime Achievement Award.
- China box ports eye security windfall
SOUTH China box terminal operators plan to scoop more than HK$1.2bn (US$153.8m) a year from new security charges in Hong Kong — already the world’s most expensive container port — and in Shenzhen.
- Consultation starts on EU maritime policy
EUROPEAN commissioner Joe Borg will this week launch a public consultation exercise with the aim of creating the EU’s first unified "maritime policy".
- Bulkers could have been saved with steel standards
TWENTY-three bulk carrier losses in cold waters over the past 20 years may have been avoided if minimum standards had been set for the steel commonly used for the side shell of ships, the International Maritime Organization has heard.
- VT Group wins £30m MoD newbuild deal
IN the first complete construction project since 1967 for the Royal Naval Dockyard, Portsmouth, VT Group has won an initial £30m ($57m) contract from the Ministry of Defence for an 80 m offshore patrol vessel for the Royal Navy, writes Hugh O’Mahony.
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| FEBRUARY 25, 2005 |
- Trouble in Baltimore
BALTIMORE’S port director has resigned and at least one major shipping executive has complained of interference by state officials in the US port’s operations
- New norovirus outbreak
PRINCESS Cruises' Sapphire Princess has reported a possible norovirus outbreak, with 45 of the 2,650 passengers onboard reporting illness two days into a voyage.... Full story
- Grindrod records another good year
A STRONG shipping market combined with low fixed costs across an enlarged fleet has boosted the 2004 results for South Africa's Grindrod Group, says CEO Ivan Clark.... Full story
- New link to Bolivia
ALIANCA Navegacao e Logistica has revised its four-vessel New Andes service to include the north Chilean port of Arica, and thereby target trade from landlocked Bolivia.... Full story
- Pod dispute will last years
LITIGATION between Rolls-Royce and RCCL over problems with propulsion pods on the cruise ship Infinity will take years to settle, said the president of Rolls-Royce Marine.... Full story
- TEN expansion pays off
TSAKOS Energy Navigation (TEN) is reaping the rewards of its fleet renewal plan, posting a 107% profit increase for 2004.... Full story
- Delhi warned on port congestion
- MSC fined for damaging coral
- Volga Shipping reports strong year
- Tight chemical market aids Stolt
- Posco agrees ore price raise
- PSA buys Busan New Port shares
- Double profits for Algoma
- Indian tankers lose IOC first chance
- US court rules dredgers are vessels
- Scandinavian car hub
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| FEBRUARY 25, 2005 |
- PierPass registration to begin in March
Once registered, shippers will be able to access the PierPass Web site and secure data on every container they move through the ports.
- Matson to acquire two new ships
- UPS to expand Louisville hub
- WTO creates panels in US-Canada lumber dispute
- US, Canada take first steps toward liberalizing aviation
- Malaysia denies need for 'outside' help in protecting strait
- White resigns as Baltimore port chief
- Congestion surcharge imposed on Indian terminal
- Northwest, Korean Air enter code-sharing pact
- US to impose strict rules on Canadian cattle imports
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| FEBRUARY 25, 2005 |
- China Shipping to break into north-south trades
China Shipping Container Lines (CSCL) is to enter the north-south trades for the first time, with a joint service with CMA CGM and Maruba Line.
- Port security charge battle reaches Hong Kong
Despite carriers and shippers’ continued battle to stop terminal operators around the world from levying port security charges (PSC), Hong Kong, following Shenzhen, will start the practice in May.
- APSA recants Melbourne dredging opposition
- Matson to work both sides of Pacific with new service
- Congestion at Padang Besar terminals following crane-failure
- Merzario seeks resurrection in UK, but competitor arises, too
- PSA purchases shares in Pusan Newport
- Blow for AustralAsia Railway
- Viennese whirl for privatised Hungarian barge-operator
- Dalian company beats ZPMC and Korean manufacturers for Gwangyang crane order
- MTL MD and CEO Christensen announces retirement
- Canadian west coast port sets box record
- Tug on way to flooded MSC Denisse
- New CFS near Nhava Sheva to be operational in June
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| FEBRUARY 25, 2005 |
- Genco fleet in play?
Genmar executive throws cold water on reports that Georgiopoulos group has been marketing bulkers for $600m.
- MC buys Bergesen VLGCs
Restructured MC Shipping has put sales proceeds to work building up its core LPG fleet.
- TMM to buy leased tonnage
Purchases should boost earnings, though net losses pile up in 2004.
- Top takes three
Latsis sells three handymax products tankers to US-listed company for "very firm" price.
- Teekays sheds more oldies
Sammy Ofer takes three of four vessels given the heave-ho by Vancouver-based owner.
- OMI chief cashes in
Craig Stevenson takes a $5m bonus for record year by selling stock.
- Norway to be torched
Star Cruises has given up on a boatel project and will hand over the former France on Monday.
- Norfolkline revs up Honda deal
Cross-Channel ro-ro line becomes exclusive carrier of Hondas in Europe for three years.
- Tsakos turns in record numbers
Profits rise 107% in 2004 before gains on ship sales.
- Another four for Aker
Aker Ostsee announces second boxship order in a day, this time for Germany's Thien & Heyenga.
- Varna closes in on double
Bulgarian yard eyes two-ship bulker contract from shareholder Navibulgar.
- Box rate bonanza set to continue...
Squeeze on supply of sub 4,000-teu ships, plus port bottlenecks, could push charter market even higher.
- ...But congestion brings new problems
Will chronic overcrowding at world's container ports render new generation of big boxships useless?
- Tom Erik takes a breather
Elder Klaveness brother (left) hands over reins of Norwegian owner to younger sibling Trond Harald.
- Godby builds ro-ro fleet
Finnish group heads to Sietas yard in Germany for two ships on back of more charter business.
- Matson to buy Philly boxships
US Jones Act shipowner wants ships for new China-Guam service and has first refusal on four more.
- Aker Ostsee seals four-ship deal
Aker’s two German yards will build 2,700-teu boxships for German KG outfit Konig & Cie.
- COSCO inks boxship monsters
High profile ceremony in Beijing as China giant inks deal for four 10,000-teu ships at Hyundai.
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| FEBRUARY 25, 2005 |
- Matson to re-enter transpacific market after 35 years
- Higher rates boost MISC's profits
- Maekawa to become president of "K" Line group
- Vaughn becomes first non-Japanese director of NYK group
- OOCL names seventh 8,000-TEU-type ship
- Rickmers-Linie appoints Czech agent
- U.S., Canada eye aviation reform, investment in border capacity
- UPS to close main Menlo hub
- Flugleidir Icelandair sees record profits
- Owens Corning picks Ryder
- CSX train hits walker in D.C.
- FMC reviews 17 OTI applications, revokes 7 licenses
- U.S., Brazil say FTAA process moving in positive direction
- USDA considers trade help petition from Concord grape growers
- Hughes resigns from DHS
- White resigns as Baltimore port director, industry upset
- Ports seek $1 million donation for lobbying effort
- EPA awards grants to Boston, Houston ports
- New York-New Jersey gives $50,000 to pollution study
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| FEBRUARY 25, 2005 |
- Godby orders ro-ro pair
Godby Shipping and German J J Sietas shipyard continue their long co-operation. J J Sietas has delivered all five ...
- Matson buys Kvaerner Philadelphia vessels
US Jones Act operator Matson Navigation will buy the two unsold 2,600 TEU from Kvaerner Philadelphia for USD 315 million ...
- Travel awards to Silja Line and RCCL
For the thirteenth consecutive year, Silja Line won the award as Sweden’s best ferry operator at the annual gala Grand ...
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