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| JUNE 28, 2005 |
Shipping News
- M'sia hunts ship that spilled oil on south coast
THE Malaysian authorities have vowed yesterday to track down the ship that was responsible for a huge oil spill off its southern coast which has caused serious damage and forced hundreds of fishermen to lay down their nets.
- It does pay to operate ecological ships
FROM May 2006, the Baltic Sea will become a 'sulphur oxide emission control area' and the North Sea is to follow almost a year later.
- Shipping over-supply may not be so serious
TWO shipping consultants recently adjusted their estimates on global container shipping demand for this year and 2006, indicating that oversupply may not be as problematic for the industry as widely expected.
- Persian Gulf tanker rates may rise on fewer ships ready for hire
- Samsung Heavy gets 468b won rig order
Port Shots
- Port Shots
HYUNDAI Heavy Industries Co, the world's largest shipbuilder, said the value of its orders for building ships, engines, production platforms and other engineering products fell 24 per cent in May from a year earlier.
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| JUNE 28, 2005 |
- Modern Terminals takes on new stevedore contractor
- South Africa looks into AP Moeller and RPONL merger
- Concern over BC truckers' strike
- Warburg Pincus invests in logistics firm, New Breed
- WCO launches new customs standards
- Progress made during 3rd round of Kuwait-Singapore FTA talks
- Port of Hamburg receives Europe's tallest cranes
- K+N boosts track and trace system
- Mainland pilot shortage could threaten aviation growth, report says
- Strong demand for Port of Seattle airport bonds
- BA World Cargo appoints new GMs
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| JUNE 28, 2005 |
- Grand Alliance expands transpacific, Asia-Europe services
- Seawheel named Shortsea Shipping Line of the Year
- PWC Logistics wins massive heavy-lift contract
- Shipping tycoon orders rigs worth over $ 1 bn
- Wilh Wilhelmsen buys Unitor
- TT Club warns of heightened risk profile for logistics operators
- Imports from China, S-E Asia to be costlier from July 1
- Accord on preferential access to clothing with EU
- Pakistan not to import Indian diesel
- 33 pc rise in IT exports in 2004-05
- Tuticorin Port Trust signs MoU with DCI to dredge part of Sethu canal project
- TN govt’s NOC for Sethu canal project not ready yet
- HC directs MbPT transport workers not to hinder normalcy in Port
- Petronet building 5-m tonne capacity LNG tankerage at Kochi
- BOFBA to infuse young blood, expand membership
- Forex reserves fell by $ 135 million to $ 1,38,526 million
- Deadline for e-filing of TCS extended to July 31
- CECA with Singapore may cause huge foreign fund inflow
- Engg goods, textiles steal show in Madras SEZ’s April-May performance
- MoF note specifying rider to SPV finances puts all at sea
- GSPC’s gas find to be major boon for industry
- CEOs forum to accompany PM on US visit
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| JUNE 27, 2005 |
- Lufthansa Cargo chairs the German Cargo 2000 interest group
- Grand Alliance members announce new improved service
- United Airlines launches non-stop Chicago-Munich service
- Germany: less goods per rail
- Hoyer Group increases sales by 11%
- USA: highway funding extended again
- J.B. Hunt extends trailer-tracking with Terion
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| JUNE 27, 2005 |
- Nordic American buys extra vessel
- Interferry targets death toll in developing nations
- Kursiu Linija extends European network
- P&O refinances
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| JUNE 28, 2005 |
- Incat ferry on new Spanish route
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| JUNE 27, 2005 |
- Port of Grays Harbor names Barnes deputy director
- Change of command take place aboard Coast Guard cutter MELLON
- Farmers Market now open at Port of Everett Marina Promenade
- Investors jump at chance to buy Port of Seattle bonds
- US inks Declaration of Intent to adopt new global customs standards
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| JUNE 28, 2005 |
- Descendants gather for Trafalgar anniversary
Royal Marine Craig Nelson (left) from Poole, Miss Ashar Hamilton and L/Cpl Brett Nelson of the Royal Engineers — who are all direct descendants of Horatio Nelson (inset) and Emma Hamilton — get together for the Trafalgar 200 celebrations in front of HMS Victory in Portsmouth, England.
- Cold shoulder for shipping stocks
BEARISH sentiment on new shipping stocks gathered pace in Asia and the US yesterday.
- Lee warns PSA of liner consolidation challenges
MAERSK Sealand’s bid for P&O Nedlloyd has prompted Singapore’s Minister Mentor and former Prime Minister, Lee Kuan Yew, to warn of challenges ahead for PSA International.
- P&O cashes in on kind market conditions to refinance its debt
P&O has taken advantage of benign bank market conditions to complete an £850m ($1bn) refinancing of its corporate debt on more favourable terms.
- Sail8 ‘will not hinder merchant shipping’
THE Sail8 flotilla planned for the Channel next weekend is not expected to disrupt merchant shipping, Britain’s Maritime and Coastguard Agency said yesterday.
- Just the part for sound investment
Shares of South Korean ship-part makers such as Hyunjin Materials are rising faster than shipyard stocks as a record backlog of orders for 968 vessels increases demand for propellers and engines, investor Eun Hyo Sang said, Bloomberg reports .
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| JUNE 27, 2005 |
- Haji-Ioannou: sue me
EASYCRUISE founder Stelios-Haji-Ioannou and Carnival Corp chairman Micky Arison are exchanging angry emails after Haji-Ioannou offhandedly called the Costa Magica’s décor 'tacky’ on Sky TV
- Bulker refloated in La Coruña
THE Italian-flagged bulker Rosalia D’ Amato was successfully re-floated on 23 June in the Spanish port of La Coruña, said the local port authority
- Daewoo extends its global feelers
DAEWOO Shipbuilding has taken another step towards its goal of establishing a global network with a new repair yard in Oman with two VLCC docks
- Sovcomflot sets out its strategy
RUSSIAN energy shipping specialist Sovcomflot is positioning itself to take advantage of opportunities around the country’s massive coastline
- Filipino seafarer numbers grow
THE Philippines, the world’s largest supplier of seafarers, continues its leading position with 113,500 Filipino seafarers employed in the first half of this year
- Volgotanker reorganises for safety
THE management of Volgotanker has arranged to sell its controlling stake in the company to nominee holders, in an effort to frustrate hostile take-over tactics
- Mad cow scare hits trans-Pacific
- Slick hits Malaysian beach
- Australia's trade minister resigns
- India finds massive new gas field
- Confitarma board picks Coccia
- Pertamina to win expansion funding
- China Cosco IPO nets $1.2Bn
- Tender for Dunkirk's box terminal
- Surveyors not to blame for Rocknes
- TBS limps to market
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| JUNE 27, 2005 |
- Trucker strike cripples Vancouver port
Vanterm (left), other gates stand empty as 1,000 harbor truckers remain off the job after talks over wage hikes fall through.
- Record logistics spending
- NOL volumes rise 16%
- Cosco IPO price at bottom of target range
- CSI set for Port of Shenzhen
- Box boom for Wilmington
- CSXI improves box interchange
- Yellow Roadway reaffirms outlook
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| JUNE 27, 2005 |
- Trucker strike threatens Vancouver cargo flow
Strike action launched today by some 1,000 truckers is disrupting normal traffic flows at Vancouver, Canada's largest port.
- Radiation monitors cause 150 false alarms/day at NY/NJ
Bananas, cat-litter, fire-detectors, ceramics, and even truck-drivers who have recently undergone medical tests with radioactive isotopes, trigger an average 150 false alarms daily at Port of New York/New Jersey (PNYNJ).
- NOL reports revenues are still rising
- Subcontinent hails ‘GSP Plus’ boost
- Another Australian logistics privateer sold
- Lee says consolidation will alter port operators' landscape
- US Houses hammering out highway bill terms
- DELO to get to work on Russian inland depots
- NZ winemakers uncork another bumper season
- NYK to lead the Grand Alliance into Amsterdam
- No change to P&O ports investment as £850m refinanced
- Bastille Day deadline for Dunkirk tender announcement
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| JUNE 27, 2005 |
- Seabulk approves $1bn Seacor buy
Holders in Florida company will get 0.27 Seacor shares plus $4 for each Seabulk unit in deal that takes effect 1 July.
- In and out at Excel
Excel has emerged as buyer of a panamax and has made even more money than reported on a capesize.
- New owner for Zaliv
Ukraine competition body gives green light to UK investment firm’s purchase of shipyard.
- Cosco scrapes bottom
China Cosco Holdings is being tipped to sag in its first day of trading Thursday after pricing low on Saturday.
- Algerian LNG bound for UK
Sonatrach will be shipping the inaugural cargo to the Isle of Grain LNG terminal after all.
- Second grand jury grills ConocoPhillips
US prosecutors smell a pattern of cover-ups after three spills have allegedly gone unreported.
- Lasco registers changes
Boardroom battle looks to be over as Riga owner confirms new management.
- Kroes wants long-term plan
EU competition commissioner will okay aid for Polish yards if restructuring makes them viable.
- Coccia flies southern flag
SNAV chief Nicola Coccia is the new president of split-riven Italian owners association Confitarma.
- Oceanwide mans ro-paxes
Norwegian operator Kystlink picks Dutch agency for crewing deal.
- Repairs for new suezmax
Little more than a month from delivery by a Korean yard Great Eastern’s newest tanker is to be fixed in Japan.
- TOP confirms charter
Evangelos Pistiolis’ US tanker firm confirms long-term employment details for suezmax tanker.
- Sleeper ship refloated
The Norwegian mate of a grounded general cargoship admits he snoozed.
- Vita buying spree continues
Chong Thim Pheng takes stake in shipowner to over 9% with third share acquisition in a week.
- Aratere in trouble again
Latest problem sees incident-prone Kiwi ferry suffer power loss and blocked passenger door.
- Daewoo looks at Duqm
Korean shipbuilder says it will establish shiprepair yard in Oman port.
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| JUNE 27, 2005 |
- Report: COSCO IPO to raise less than planned
- P&O completes £850 million debt refinancing
- U.S./South Europe carriers extend bunker charges to August
- Cargolux adds Doha flights, increases fuel surcharge
- UP, BNSF join emissions reduction program
- Yellow Roadway expects good second quarter earnings
- WCA starts project cargo forwarder network
- U.S., Maldives sign customs cooperation pact
- Ninety-eight countries commit to new WCO security standards
- U.S. meat industry maintains calm with second confirmed BSE case
- Jamaican Coffee Board studies warehouse conditions
- Kuehne + Nagel adds retrieval and storage functionality to Web site
- Schmitz appointed WCO assistant commissioner, regulations and rulings
- Shenzen to pre-inspect U.S.-bound exports
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| JUNE 27, 2005 |
- Master of bulk carrier fined for not reporting a grounding
The master of the German-owned bulk carrier "Pochard" was yesterday fined DKK 10,000 (EUR 1,340) for not reporting to ...
- Eidsiva and Brax lose high court appeal
Eidsiva Rederi, Brax Shipholding Rederi, Partrederiet Öresund and Öresund KS have lost their High Court appeal in Norway and will ...
- NAT buys another suezmax tanker
Nordic American Tanker Shipping (NAT) has bought a 1998-built, 153,180 DWT suezmax tanker at USD 71.4 million for delivery ...
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| JUNE 27, 2005 |
- Venezuela fuel oil exports up on wind power generation
PDVSA announces 14,000 metric tonne per month increase in fuel oil exports arising from wind power project.
- Crude hits a new record of $60 per barrel
Crude finally breaches psychological $60 a barrel barrier in New York, as US bunker suppliers brace themselves for firming market.
- Reports: Russian terminal partly operational by year-end
First phase of new terminal expected to be operational by the end of this year.
- Italian supplier says its fuels are MARPOL compliant
Italian oil major ENI has refuted any suggestion that the company has supplied bunkers with sulphur content exceeding the 4.5% cap stipulated in MARPOL Annex VI.
- Singapore: Arbitrage cargoes pressure 380 cst market
380 centistoke fuel oil prices were softer today despite firm crude movements as a large volume of incoming high viscosity cargoes are set to arrive in July.
- Off-spec fuel incidents generally 'fairly random'
MD of the world's biggest fuel testing agency says there is no clear trend in off-spec fuels with regard to port or supplier, but hints that there are some repeat offenders with regard to overstated density.
- Promising progress made in bunker fuel transfer
Sources at South Africa's Department of Environmental Affairs and Tourism (DEAT) said today that it was very pleased and encouraged by the progress made in the transfer of bunker fuel from the stricken bulker, Kiperousa.
- Congestion expected til month-end in firm Rotterdam
- Malaysia: Giant oil slick hits Johor coast
A giant oil slick measuring five-kilometres long has hit Malaysia's southern Johor state on Pengerang beach.
- Baltic Sea: Illegal oil discharge deterred by air surveillance
The Helsinki Commission revealed that increasing the number of air surveillance flights have deterred and reduced illegal oil discharges in the Baltic Sea.
- Kuwait's new refinery seeks pre-qualify bids
State-run Kuwait National Petroleum Co will soon announce pre-qualify bidders to build a new oil refinery with a capacity of more than 600,000 bpd.
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