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| MARCH 29, 2005 |
Shipping News
- NOL on the lookout for possible acquisitions
SINGAPORE's Neptune Orient Lines , the world's sixth-biggest container shipping line, is looking at possible acquisitions to expand its operations, the Financial Times reported yesterday.
- S'pore rig-builders seen riding higher on oil rally
SINGAPORE's rig-builders, whose share gains have dwarfed the rise in the broader market so far this year, could rally further as high oil prices revive exploration and production, analysts said.
- Adelaide port to start channel deepening job
AUSTRALIA'S Port Adelaide has been given the state government go-ahead for the A$45 million channel deepening project.
- Collisions in Hong Kong harbour as fog reduces visibility
- Jinzhou port's profit more than quadruples
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| MARCH 29, 2005 |
- CMHI acquires controlling interest in Shekou
- NYK to spend mega bucks on fleet expansion
- FEFC to increase westbound box rate in April
- Shenzhen plans to invest in additional terminals
- Schenker starts new service in Russia
- Lufthansa to absorb Swiss
- Airline industry may face heavy taxes for environmental damage says Eddington
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| MARCH 29, 2005 |
- MSC Agency (India) Exec. Dir retires on April 1
- WISA hails ASF invitation to ASC for Penang meet
- IPBCC to increase freight rates on westbound trade w.e.f. April 1
- MacAndrews makes Dar-es Salaam the hub for Indian Ocean trade
- Good show by MSC in 2004
- Spectacular turnaround by Hanjin shipping
- Asian shippers criticise lines for rate hikes
- ...upgrading services in cooperation with Cosco
- Mitsubishi launches Hatsu Shine for Evergreen Group
- Port of NY/NJ sets cargo records
- India, Asean deadlocked over rules of origin
- Mundra Port turning out to be major gateway for vehicle exports
- 12 operators vying for Mumbai Port Trust’s offshore box terminal project
- India joins elite club of aircraft carrier makers
- Mumbai-Delhi rail freight corridor estimated to cost Rs 6,400 cr.
- SC upholds service tax levy on clients of road transporters
- Dubai setting up world’s first integrated Logistics City
- Concor to ply 2 trains a month to Kandla Port
- Core sector index slips by 0.6 per cent in February 2005
- Commercial vehicle exports zoom by 75.6 pc in April-Feb.
- National Foreign Trade Policy announcement may be deferred
- Engineering exports surge comes up against wall of high freight costs
- Export order proof being insisted on for raw sugar imports against AL
- Kamal Nath unveils Rs 5,000-cr. package for tea sector
- Commerce Ministry to unveil omnibus scheme in place of DEPB
- ECGC aims to earn premium income of Rs 560 cr. in 2005-06
- US to adopt new system to monitor apparel imports
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| MARCH 28, 2005 |
- Maldives: Fuel oil supply to commence from Malé in May
IFO supply expected to begin from port of Malé from May as government changes fuel policy.
- Virgin Islands: Grounded ship sparks environmental fears
- Research shows VLCC tonnage insufficient in 2005
The global fleet of very large crude carriers (VLCCs) is likely to be insufficient to meet demand over the coming year according to research by maritime transport consultant.
- Coastguard reports New Jersey spill under control
Protective booms in New Jersey waterway limit effects of diesel oil spill.
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| MARCH 28, 2005 |
- Alion to acquire JJMA
- World Navigation exercises options at ST Marine
- $29 million jackup order for Keppel
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| MARCH 28, 2005 |
- TriStar Transload expanding at Port of Vancouver, USA
- City of Portland looking for contractors for CSO system
- Fingerprint-reading lockers available at Portland Airport
- Washington State Ferries expanding fare comment period
- Seattle insurance firm celebrates 30 years of service
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| MARCH 29, 2005 |
- French union plan to scupper register Bill
FRENCH seafarers’ unions are to try to have the Bill creating a new French international register ruled unconstitutional following last week’s vote by the National Assembly in favour of a 25% European Union crewing quota.
- High Court ruling on MNOPF pension deficit spreads the liability load
A SHAFT of light has at last pierced the fog surrounding the issue of liability for the large deficit in the UK Merchant Navy Officers’ Pension Fund.
- AMA spreads its wings with new name and key appointment
AMERICAN Marine Advisors has acted on its desire to spread its influence on territory beyond shipping, with a fundamental change in the firm’s identity, a key new appointment, the opening of a Baltimore office and the prospective launch of a $100m investment fund, writes Rajesh Joshi in Stamford.
- Eni gets go-ahead for second Damietta LNG train
ENI has gained government approval to plan a second production train at the Damietta liquefied natural gas plant in Egypt to double output by 2010, writes Martyn Wingrove.
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| MARCH 28, 2005 |
- Customs releases final C-TPAT rules
New deadlines set for importers to upgrade to tougher anti-terror guidelines as part of Customs-Trade Partnership Against Terrorism.
- MOL upgrades India services
- Pols: CAFTA not certain
- Canadian National averts strike
- Ortiz to speak at JoC Trans-Atlantic Maritime Conference
- Ceres acquires Fla. stevedore
- Norfolk Southern, CN in track pact
- Frisco move for Hamburg Süd
- U.S.-Mex. trans-Pac corridor deal
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| MARCH 28, 2005 |
- At last!
Bondholders see victory in sight in battle to take control of Navigator Gas.
- Shreyas firms options
Indian feedership specialist tags on another two containerships to its order at ST Marine.
- MBC sells Alam Sentosa
Profits pile up from ship sales as Malaysian Bulk Carriers divests another handymax.
- Looking to buy?
NOL says purchasing another shipping line could be the best way to grow its trans-Pacific services but rules out shift into Atlantic.
- Varun spends $100m
Indian owner will add aframax tanker and 1990-built lpg carrier to fleet, while Shreyas orders new boxship.
- Fredriksen orders jackup
Norwegian tanker king moves further into the offshore market contracting a drilling rig at Keppel.
- Ezra in sale and leaseback deal
Singapore offshore shipowner agrees $78m four-ship deal with group of Norwegian investors.
- Montanari confirms 60% leap in profits
Final post-tax figures show Italian owner made $44m in net profit in 2004.
- Boxship aground off St Croix
The 907-teu Sea Cloud (built 1996) runs into trouble off US Virgin Islands sparking fears of pollution.
- USSEC set for rate rise
Higher oil prices prompt US-South Europe conference to lift bunker adjustment factor (BAF) by 35%.
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| MARCH 28, 2005 |
- United kicks off San Francisco/Nagoya service
- Russian cargo plane crashes in Africa
- USDA names four Mexican states free of swine fever
- New C-TPAT criteria take effect
- Ceres Terminals acquires Florida stevedore
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