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| APRIL 28, 2005 |
Shipping News
- New Malaysian coast guard to start patrolling in June
MALAYSIA's new coast guard will hit the water in June, just as pirates in the region began staging increasingly daring attacks, including a hijacking and bungled million-dollar-cargo theft over the weekend.
- M'sia warns private armed escorts
ANY ship providing private armed escort services to merchant vessels in the pirate-infested Malacca Strait will be detained, a top Malaysian security official said in remarks published yesterday.
- Canada port gets go-ahead for new C$530m terminal
CANADA has given the go-ahead for a new C$530 million container terminal at its northern-most port city of Prince Rupert, as container terminals up and down the lengthy North American coastline literally burst at the seams with surging Asian imports.
- Asian dry bulk rates dip to 3-month low
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| APRIL 28, 2005 |
- CMA-CGM doubles profit in 2004
- Sinotrans, Wan Hai to launch China-Taiwan services
- Anti-terror measures pay cargo crime dividend, says TT Club
- Mandelson reaffirms EU support for Asean
- PHA commission delivers Bayport, environmental, real estate matters
- MOL to expand Japan-Thailand service to 3rd loop
- OOCL to establish office in Italy
- DFDS Transport acquires Haring Aircargo
- Saudi Arabian Airlines orders Embraers
- QantasLink expands Canberra services
- Hactl wins International Transport Award
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| APRIL 28, 2005 |
- India & Montenegro to identify areas for maritime cooperation
- Steering group formulating cruise tourism policy—Minister
- Used Aframax tanker joins Mercator fleet
- Ginger exports total 13,000 tonnes in 2004-05
- US not to impose anti-dumping duty on Indian PET
- Handicrafts exports register 25 pc growth in 2004-05
- Seminar speakers suggest wider role for TAMP
- Bombay Natural History Society seeks detailed studies on Sethusamudram project
- Rail, road link sought to improve Chennai Port’s performance
- 10 pc capital subsidy scheme for textile processors may be notified by May
- Maharashtra seeks Centre’s nod to export 17.5 lakh bales of cotton
- 12.5 pc VAT on sale of DEPB licences likely
- Exim Bank makes Rs 258-cr. profit in 2004-05
- Kamal Nath releases book in Hindi dealing with international business
- Fieo to hold interactive meet with envoys of cis countries on Sat.
- Draft accounting standards for companies ready
- Workshop on ex-im financing on April 30
- L. B. Singhal appointed ED of Services Export Promotion Council
- Seminar on VAT
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| APRIL 27, 2005 |
- New record highs on USEC, resupply dates uncertain
Tight avails force prices up to record levels.
- Russia: Shipyard bid could mean new terminal
The auction of a stake in Russian shipyard Baltiyskiy Shipbuilding Plant could mean the construction of a new bunker terminal on the site.
- Rotterdam market soft late morning
- Hong Kong: Barge capacity insufficient for demand
Good avails and strong demand reported in Hong Kong, but barge availability insufficient.
- Reports: IBIA says too little research into low-sulphur fuels
While most would agree that more research is needed on the economic and technical impacts of the use of low-sulphur fuels, experience will be the best test, reports said today.
- BP net profit surges
Net profit at BP surged 29% for the first quarter of this year, riding on soaring crude oil prices.
- Hefty penalties on late delivery of tankers
Failure to deliver five tankers on time costs an Indian shipping company $6.8 million in cash compensation.
- Bunkerworld Americas team welcomes new member
Bunkerworld has further strengthened its dedicated global news and price coverage with the addition of Guy Wilson-Roberts to its editorial team in Vancouver, Canada.
- Vancouver: Two suppliers with barges in drydock
Tight barge scheduling, with two barges out of action until at least the end of the week.
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| APRIL 27, 2005 |
- Hogan Transport selects Trip Alert from IDSC
- Part privatisation of Bulgaria’s inland shipping industry
- Kuehne + Nagel reports good start to 2005
- Single wagon transport Germany-Czech Republic: Brno terminal closed
- JAL Cargo withdraws J Freight from WOW network
- Conferences increasing IFP
- Aer Lingus appoints new chief executive
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| APRIL 27, 2005 |
- Crew assaulted in Iraq robbery
- LPG ships boost Exmar
- SSY pulls out of Singapore JV
- TEN sells two handymaxes
- MOL links with RCL and SITC in new service
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| APRIL 27, 2005 |
- Study finds Port of Vancouver, BC economic engine for region
- CBP set to enforce new rules for truckers
- Car explosion in Iraq claims Coast Guard Auxiliarist
- FMC putting end to Chinese shipping restrictions
- MarAd releases latest cruise statistics
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| APRIL 28, 2005 |
- B&H targets Oslo listing to raise $110m for expansion
B&H Ocean Carriers could raise up to $110m through a share issue as the American Stock Exchange-listed company plots further expansion of its fleet of product tankers and combination carriers.
- Seatrade ousts United Reefers Pool founders in 15-ship buyout
Seatrade Reefer Chartering has snapped up 15 ships in the United Reefers Pool in a surprise move which also sees the two original pool founders out of the reefer business, writes Helen Hill.
- Industry group savages ISO over ‘discredited’ security standards
IN AN unusual display of cross-industry unity, six leading shipowner and shipper associations have issued a withering critique of the International Standards Organisation technical committee’s approach to crafting new standards for supply chain security, writes John McLaughlin in New York.
- Genmar shields its US staff with ‘change control’ scheme
GENERAL Maritime, the New York tanker specialist that has attracted the takeover attentions of John Fredriksen’s Frontline, has taken steps to protect its employees in the event of a change of control of the company, writes Tony Gray.
- Danish ferry scrapping scandal deepens
DENMARK’S Kong Frederik IXdemolition scandal deepened yesterday with reports that two more aged Danish ferries were headed for the the scrap yards of India, writes Andrew Draper.
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| APRIL 27, 2005 |
- India frames guidelines for pilotage
THE Indian government has framed guidelines to ensure navigational safety and greater competency in pilotage services, in response to an acute shortage of pilots
- Lloyd Triestino gets China license
LLOYD Triestino, the Italian affiliate of Taiwan’s Evergreen Group, has been granted a licence to open a fully fledged branch office in Mainland China’s Shenzhen city
- China to build new box terminal
CHINA is planning to build a new deep-water terminal at Sandu Au in the south-eastern Fujian province to take in the biggest container ships
- Tug mate facing criminal charges
CRIMINAL charges were lodged yesterday against the first mate of the tug Evening Tide following the spill in April 2003 of 327 tonnes of oil in Buzzard’s Bay in the US
- Fluvia buys Vopak barges
FLUVIA Holding has acquired all the shares in Vopak Vegoil Barging, Vopak Vegoil Barging Germany and Vopak Mineral Oil Barging Hamburg
- Samudera, Evergreen extend link
SAMUDERA Shipping and Evergreen will extend their joint China Shuttle Service, which links Shanghai and Hong Kong with South-East Asia, to the Indian Sub-continent
- SCT calls on box importers to help
- Coatings costs rise yet again
- Samskip increases reefer facilities
- Renewed interest in Murmansk
- Feeder ship operators vulnerable
- Bush-Chavez relations deteriorating
- SNCM 'being brought to its knees'
- Gas carrier released after 17 days
- Top predicts strong market in 2006
- Security breach feared at Pasir Gudang
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| APRIL 27, 2005 |
- NS earnings jump
First-quarter net income increased 23 percent to $194 million from $158 million a year earlier.
- MOL's Hayashi to retire
- Shippers, carriers protest ISO process
- NY-NJ port speeds up ExpressRail timetable
- Court lifts injunction on China safeguard petitions
- Port-security bill advances in California
- PMA promotes Hennessey
- Wallenius Wilhelmsen to launch direct service to Mideast
- Earnings surge at International Shipholding
- Taiwan lifts ban on US apples
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| APRIL 27, 2005 |
- Grand Alliance denies Europe port calls debate is stalling VTE deal
A Grand Alliance source has denied that P&O Nedlloyd’s (PONL) failure to conclude a deal with PSA Corp in Genoa is due to its inability to deliver on promises regarding Ceres Paragon.
- EU urges self-restraint from Beijing over surging textile exports
EC trade commissioner Peter Mandelson has urged China to adopt self-restraint to prevent any retaliatory actions taken by the EU countries against its low-priced textile exports.
- Feeder drought to put squeeze on mainline operators and fuel charter market
- CMA CGM eyes entry into South American cabotage market
- Bonner gives details ‘fast track’ cargo security lanes
- Yantian Port Group and ProLogis develop Yantian logistics park
- MOL launches third loop to Japan-Thailand service
- Kuala Lumpur may revive postponed rail upgrades
- China and GCC FTA talks make positive start
- Heung-A increases shares in overseas affiliates
- Li Kelin first Shanghai Shipowners' Association president
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| APRIL 27, 2005 |
- DryShips profits bulk up
Earnings leap on higher charter rates and better fleet utilisation.
- Brostrom remains on the prowl
Swedish tanker owner eyes more consolidation in products sector after announcing bigger first quarter profits.
- $1.77!
New York's General Maritime unveils first 'full-payout' dividend to shareholders while making $68.5m in first quarter.
- Arlington underperforms
Analyst lowers forecasts for Stena vehicle after first-quarter numbers disappoint.
- Strait talking
Malaysia forms new enforcement team to fight piracy and terrorism in the Malacca Straits.
- Sale saves Concordia
Profit from tanker disposal lifts first quarter result for Swedish owner.
- MOL ups dividend
Company revises annual payout after pledging to distribute 20% of earnings.
- Srab turns it around
Small Swedish tanker owner moves out of the red in first quarter.
- Bergen Yards eyes Varna
Norwegian yard group needs Black Sea shipbuilder for hull construction.
- Belships battered by bulkers
Freight rate decline chops Oslo-listed owner's first quarter earnings.
- Concessions for SNCM
Government suspends job cuts at French ferry owner after strike action.
- MMM interims jump 50%
But figures would have been better but for the off-hire of two ships in second quarter due to repairs.
- SembCorp justifies share hike
Marine group posts another rise in profits as share price continues to flourish.
- U-Ming invests for success
Taiwanese owner boosted by soaring investment returns and healthy bulker market in 2004.
- TEN confirms ship sales
Tsakos Energy Navigation expects to book profit of $8m on disposal of product tankers Pella and Dion.
- Profits jump at Exmar
LPG brings home the bacon for Belgian gas carrier owner as LNG continued to suffer lack of cargoes.
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| APRIL 27, 2005 |
- Asia/U.S. alternative route via Suez gains support
- CMA CGM unveils growth plans, investments
- Hayashi steps down as senior executive of MOL
- Döhle Group buys Swan Container Line outright
- CNF names Stotlar CEO, Williford leaves Menlo
- Airbus "superjumbo" makes maiden test flight
- Continental applies to start Houston/Buenos Aires flights
- FMC reviews 7 OTI license applications
- C.H. Robinson profits surge
- TNT Logistics signs with AT&T for voice networking
- AMA changes name, hires Dockman as head of transportation group
- Port of Vancouver, B.C. moved C$43 billion worth of goods in 2004
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| APRIL 27, 2005 |
- Broström reports profit boost
The Göteborg-based tanker owner/operator Broström reports a SEK 136 million (EUR 14.9 million) after-tax profit for the ...
- Two ex-Scandlines ferries to Alang
Friday last week two ferries was sold from the Dubai-based Marwan Shipping & Trading to an Indian shipbreaker. That is ...
- Samskip acquires cold stores
Icelandic Samskip acquires seven cold stores companies from one of Europe’s leading specialists in reefer logistics, Dutch Kloosterbroer Group. This ...
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