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| NOVEMBER 28, 2005 |
Shipping News
- P&O near to agreeing on bid from Dubai Ports: source
GULF state-backed Dubai Ports World could make an announcement tomorrow or Wednesday about an offer to buy British ports and ferries company P&O for more than 3 billion , a source familiar with the situation said yesterday.
- Two China port operators to sell IPOs this week
TWO Chinese port operators - Xiamen International Port and Tianjin Port Development Holdings - plan to start marketing their Hong Kong initial public offerings as early as this week.
- Newcastle coal port starts work on A$170m expansion
PORT Waratah Coal Services, which operates Newcastle coal port in south-eastern Australia, started work on a A$170 million expansion of the terminal, the world's largest for the export of the fuel.
- Mediterranean tanker rates rise on traffic curbs
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| NOVEMBER 28, 2005 |
- Xiamen Port gears up for IPO with potential sell off
- HK and Shenzhen customs improve
- FedEx expands in Taiwan
- Luoyuanwan port opens for business
- HKSG hosts government, industry get together
- Major freight forwarding agency set up in Manzhouli
- Chinese companies invest in N Korea projects
- China Eastern launches new cargo service
- China extends fuel surcharges
- DHL to double capacity to Pudong
- SIA resumes service to Pakistan
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| NOVEMBER 28, 2005 |
- MSC commences Falcon service from NSICT
- Buffeted by waves of taxes, shipping companies seek to flag out to foreign shores
- Exchange rates for export, import from Dec. notified
- Ahh Chai! Pakistanis savour the Indian brew
- Cochin Port receives largest-ever dry bulk parcel cargo
- MbPT submits new tariff proposal to TAMP
- OSL sets ilmenite sand loading record at Vizag Port
- DP World close to acquiring P&O Ports
- Forwarders’ Club-organised blood donation camp a huge success
- AMI India completes a decade
- CONCOR’s ICD-Sabarmati begins mechanised handling of scrap
- Board of Approval gives 35 SEZs the go-ahead
- India most expensive among emerging markets, finds study
- Saroj Poddar is new Ficci President
- Natural rubber export target raised
- Manufacturing sector draws investors in droves
- Infrastructure SPV may take shape in 4 months
- Russia keen to participate in 3-nation gas pipeline project
- Diversify trade basket, Kamal Nath tells Indo-Indonesian business summit
- Synthetic fibre industry seeks a better deal
- Bill proposes creation of Postal Board to regulate working of express cargo cos
- Meeting with UK trade mission at WTC today
- Seminar on ‘WTO and India’ at WTC tomorrow
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| NOVEMBER 25, 2005 |
- Wiesheu new Deutsche Bahn board member
- Future secure for tonnage tax
- ILFC orders twenty B787s
- Cryo and Ferox to cooperate
- M&M building logistics terminal in China
- Nasstrac to include all transport sectors
- Transwide acquires Dat'way
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| NOVEMBER 25, 2005 |
- Irish Ferries dispute gets nasty
- Intertanko’s cautious welcome for Erika 3
- Tanker refloated off Puerto Rico
- Moody lifts MOL’s ratings
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- Ahern condemns Irish Ferries as dispute worsens
A SECOND Irish Ferries vessel was prevented from sailing on Friday, with the industrial dispute over crewing moving to the top of the agenda in Irish politics.
- Liverpool in the frame for Maersk transatlantic call
LIVERPOOL is close to landing one of Maersk’s new transatlantic services that will be introduced next year. Details are still being finalised but customers have been advised that Maersk Line hopes to bring in a new TA6 service that will call at Antwerp, Liverpool and Montreal.
- Jakarta takes hard line on terminal handling charges
INDONESIA has shocked international shipping lines in enforcing its 37% cut in terminal handling charges by barring ships from leaving Jakarta port unless companies sign a declaration that they will abide by the new charges.
- Take pride and spread the shipping word, says Mitropoulos at Greek awards
MAJOR players in the Greek shipping community took centre stage at a glittering occasion in Athens on Friday attended by 1,100 people.
- Asia gains ground in IMO Council poll
Council elections on Friday resulted in a net gain for Asian influence over the International Maritime Organization Council, writes Hugh O’Mahony.
- Threat of protests as Irish Ferries row mounts
A SECOND Irish Ferries vessel has been prevented from sailing, with the industrial dispute over crewing moving to the top of the agenda in Irish politics.
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| NOVEMBER 25, 2005 |
- Irish Ferries battle goes political
THE ongoing row between Irish Ferries and its workers has escalated to such a degree that the Labour Party has called on the government to intervene
- Owners face lengthy H&M claims
OWNERS who have taken advantage of freight rate rises and kept their tonnage working may face lengthy H&M claims if problems are revealed during deferred dry-docking
- HHLA stake tempts Deutsche Bahn
HAMBURG city government has offered Deutsche Bahn a major stake in the port’s largest container terminal operator in return for DB moving its headquarters to Hamburg
- Too many companies 'poaching'
- Costa Crociere trains Indian cooks
- DFDS takes Brittany cruise ferry
- Dredging Corp joins Dredging Intl
- Human error: result not cause
- Livestock carrier leaves Adelaide
- US delays Venezuela patrol boat sale
- Massive fine for MSC boxship
- Japanese float Sakhalin LNG venture
- Hanjin unleashes giant ships
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| NOVEMBER 25, 2005 |
- Weibel defends SBB Cargo single-wagon restructuring
Swiss Railways CEO Benedikt Weibel has mounted a spirited defence of SBB Cargo’s policy of restructuring its single-wagon network, in the face of criticism from rail customers all over Switzerland.
- Shipowners want firm timetable for Melbourne deepening
Shipping Australia Ltd has called for the Victorian Government to expedite the statutory processes for Melbourne's channel-deepening, pointing to current restructuring in container trades.
- Rotterdam faces Smit strike call again, in latest negotiation ultimatum
- Berlin authorities hope to prevent DB defection to Hamburg
- Baltic ports hail Russian rail-tariff equalisation
- Hong Kong Stock Exchange draws two mainland port operators
- Irish union calls for day of action over ferries
- Maritime community keen on direct cross-strait shipping
- US scraps textile quota plans
- Smugglers arrested at Busan Port
- Correction on use of ‘privatisation’ in Ukraine terminals
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| NOVEMBER 25, 2005 |
- Airline blow to DFDS
Profit falls as low cost flights add to competitive pressure in European ferry market.
- Day of action proposed
A call for Irish labour unions to take part in a day of action is issued over ferry dispute.
- Courage buys again
Taiwanese-controlled bulker operator picks up ex-Great Eastern handysize to lift fleet to ten ships.
- New record for Norden
Danish shipping group is set fair for best ever result despite freight market downturn.
- Irish ferry battle grows
A second vessel is out of service as dispute over introduction of Latvian crew spreads.
- Alpha talks up Attica
Greek broker slaps “outperform” rating on ferry owner’s shares.
- Moody’s boost for MOL
Ratings agency likes the look of Japanese owner’s stable profitability after cost-cutting.
- MISC bank deal confirmed
Malaysian owner will sell its stake in Affin Merchant Bank to parent.
- Steamship Mutual surplus
Favourable interim report gives renewal prospects of recovering P&I club a boost.
- CMA CGM lines up big credit
French boxship giant picks the Natexis bank to pull together EUR 400m in financing.
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| NOVEMBER 25, 2005 |
- State Department takes lead on international maritime security policies
- CMA CGM reshuffles round-the-world service
- House committee proposes hike in vessel tonnage duties
- Tropical Shipping cancels final 2005 Canada departure
- Hanjin adds two 8,000 TEU vessels to transpacific
- NYK joins development of Cygnus LNG Shipping
- Ore shipments on Great Lakes decrease in October
- More oil leaks from capsized barge near U.S. Gulf coast
- Baseball Hall of Fame picks DHL as logistics provider
- FMC reviews 5 OTI license applications
- U.S. terminates all textile safeguard investigations
- CITA to allow five-day window for entry of embargoed Chinese apparel
- U.S., EC ink interim wine agreement
- Christian Salvesen to open warehouse in Amsterdam
- NIT League to raise dues
- Coast Guard warns of Dec. 31-deadline to report missing data to IMO
- Maher Terminals seeks strategic investment partner
- Port of Vancouver moves to extended hours in January
- U.S., China initiate anti-smuggling program for nuclear materials
- CSI to expand to Oman, Portugal
- Seattle projects record revenues in 2006 budget
- Port of Vancouver USA approves 2006 budget
- NASSCO delivers third Alaska-class tanker to BP
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| NOVEMBER 25, 2005 |
- IMO deplores piracy and asks for action
IMO has asked the UN Security Council to act against piracy and armed robbery off the coast of Somalia. In ...
- "Norden" raises profit forecast
Dampskibsselskabet "Norden" has again raised its profit forecast for the full year. After the third quarter profit the new profit ...
- Mols-Linien traffic down on cars and up on trucks
Mols-Linien is still struggling with falling traffic figures on the service from Århus and Ebeltoft to Sjællands Odde and ...
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| NOVEMBER 25, 2005 |
- US north-west cruise lines pondering 1.5%
Companies responding to low-sulphur proposal looking for 'flexibility' from port authorities.
- ISO 8217:2005 finally announced
The new International Marine Fuel standard, which will soon be replacing the 1996 edition in bunker purchasing agreements, has finally been announced.
- UAE bunker player upgrades operations to meet new demands
The UAE is not a signatory to MARPOL, but bunker players are nevertheless moving into line with the regulation.
- Fuels with high cat fines reported in new location
Cat fines, a particularly nasty bunker fuel contaminant, have been showing up in a variety of global locations in recent months.
- ARA prices sharply lower but suppliers heavily committed
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