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| APRIL 29, 2005 |
Shipping News
- EC rocks the boat with grab at bigger seat aboard IMO
THE European Commission's move to represent the European Union at the International Maritime Organisation has stirred opposition from several EU member states with large merchant fleets.
- Eurotunnel posts loss of 570m in '04
HEAVILY indebted cross-channel tunnel operator Eurotunnel made a net loss of 570 million last year, after a 1.3-billion loss in 2003, the company said on Tuesday.
- S'pore, 3 others sign anti-piracy agreement
A Japan-initiated regional agreement on combating piracy in Asian waters was kick-started yesterday with the first four countries ratifying the agreement.
- New Malaysian coast guard to start patrolling in June
- M'sia warns private armed escorts
- Canada port gets go-ahead for new C$530m terminal
- Asian dry bulk rates dip to 3-month low
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| APRIL 29, 2005 |
- COSCO launches HK-Manila service
- Tianjin Port to build 10 more box terminals
- China opposes EU probe on textile exports
- Modern Terminals' Dachan projects gets green light
- Long Beach gets nod for tariff hike
- Atlanta Shipping Agency gets ISO certification
- Radiation screening starts in Port of Oakland
- Construction of six new berths at Nansha port begins
- DFDS to buy out Bachmann
- BARC moves to bigger premises near Heathrow
- Menzies praised in Australia
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| APRIL 29, 2005 |
- IPBCC to implement rate restorations (WB) in June, September & December
- Thomas K. Varghese selected for NMDC Excellence Award
- Varun Shipping acquires LPG tanker
- Tanker sector may be headed for capacity crunch
- ONGC undertakes feasibility study of cost of owning VLCC
- Freight rates for tea shipments thru’ Amingaon ICD may go up
- Shrimp exporters will know outcome of US dumping probe in Aug.—SEAI
- Montenegro team visits Mumbai Port
- APM Terminals now largest shareholder in Gujarat Pipavav Port Ltd
- Railways to revive ‘assisted siding’
- First import cargo Customs-cleared at Lohegaon airport
- Pune airport facility to benefit 6 adjoining districts
- 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
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| APRIL 28, 2005 |
- Royal Vopak: First quarter profits up 22%
Royal Vopak announced its first quarter results today. Dutch terminals saw turnover rise due to increased demand for fuel oil storage.
- Confusion still rife on the eve of MARPOL Annex VI
With the coming into force of MARPOL Annex VI just three weeks away on May 19, there still appears to be a widespread lack of understanding among bunker buyers and sellers around the world as to exactly how the regulation will affect them.
- IBC: "Business as usual is not an option"
IBC Keynote speaker focuses in on industry's environmental challenges.
- Turkish player switches storage provider
Turkish player Oiltrade Marine Ltd has changed storage provider to load more product each day.
- Wallenius Wilhelmsen questions Petrobras reports
Wallenius Wilhelmsen (WW) says reports of a new contract between the Norwegian operator and Brazilian oil giant Petrobras have been distorted.
- Rotterdam market plunges with crude
- DOE & API at a glance: This week's key US inventory figures
- Singapore: Fuel oil stocks and light distillates rise
- Prestigious award goes to Singapore port again
The ''Best Seaport in Asia'' award was conferred on the port of Singapore, signifying the Republic's outstanding position in the international maritime community.
- Reports: Petrobras seals new bunkering deal in Singapore
Petrobras has secured the contract to supply low sulphur bunker fuel to Wallenius Wilhelmsen in Singapore.
- New Malaysia coastguard to ward off piracy
A new Malaysia maritime agency seeks to provide higher levels of maritime safety in the Malacca Straits amid increasingly daring pirate attacks.
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| APRIL 29, 2005 |
- Werner Enterprises enhances website
- Italy planning to tax non-EU import containers
- DHL extending Swiss parcels services
- TX Logistik starts Swedish rail operations
- Kenya Airways introducing new services
- P&O ports strong, ferries hit by Calais troubles
- Smedegaard Andersen new member of Moller-Maersk board
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| APRIL 28, 2005 |
- Rhode Island senator pushes for state LNG carrier law
- P&O: ports strong, ferries hit by Calais troubles
- Finnlines makes good start but whole year "uncertain"
- Samudera in Q1 profits jump
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| APRIL 28, 2005 |
- Port of Tacoma releases 2004 Annual Report
- Seattle Maritime Festival set for May 11 - 15
- Top Tankers announces up to 17 vessel purchase
- Wallenius Wilhelmsen buying auto distribution company
- Mitsui adding third string to intra-Asia liner service
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| APRIL 29, 2005 |
- Miles takes axe to CP Ships’ magnificent seven brands
CP SHIPS is abandoning the policy of multiple liner shipping brands that has increasingly become the focus of customer dis-satisfaction, to combine all its activities under a single identity.
- FFA brokers unveil joint trading platform
THREE brokers of forward freight agreements have unveiled a joint screen-based trading platform to take advantage of the start of clearing services by LCH Clearnet.
- Caltex defectors set up rival Asian panel
TWO former employees of charterer Caltex are to set up an Asian tanker brokers’ panel as a rival to the established London body, writes Neville Smith.
- Maersk pays above the average for five ‘small’ boxships
MAERSK Sealand has come in for a quintuple boxship order in South Korea and is paying big money for comparatively small ships.
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| APRIL 28, 2005 |
- Iraq holds up wheat imports
FIVE ships carrying Australian wheat to Umm Qasr, Iraq, have been refused permission to unload until the Iraqi grain board tests for alleged iron filing contamination
- Freight policies 'need rethinking'
A senior player in the short-sea shipping sector called today on European governments to think again about policies that drive manufacturers further from their customers
- Ports sue over Italian bulker rules
ASSITERMINAL, the Italian port terminal association, has sued the government for the incorrect implementation of the EU directive on bulk carrier control
- Cold comfort for Star Reefers
STAR Reefers, the London-based operator, expects the strong market to continue after posting 1Q05 net profit of $12.0M compared with $6.3M a year earlier
- NZ port safety in the spotlight
- Outsourcing labour offshore
- Boxships of 20,000 TEU 'unlikely'
- Brostrom plans for growth
- LCH Clearnet joins FFA market
- NYK's Chinese officers now in place
- Australia focuses on lifeboats
- Rickmers anticipates berth shortage
- Malaysia cautions armed escorts
- Triestino's China licence clarified
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| APRIL 28, 2005 |
- CP Ships to drop multiple brands
The company plans to market its services under the single CP Ships name and retire its seven operating brands.
- Terminal business thrives at P&O
- New director appointed at Port Everglades
- Port of Oakland upgrades security
- Modern Terminals wins China port contract
- CSXWT sale boosts corporate profit
- EU sugar subsidies illegal, WTO rules
- BNSF earnings soar 66 percent
- CP Rail posts record first quarter
- Hamburg Sud revenue jumps 31 percent
- Interim port director named at Pensacola
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| APRIL 28, 2005 |
- Carrier executives caught out as anti-trust debate reveals carrier complicity
Trust issues sparked an explosion at Containerisation International’s ‘Freight UK’ conference this afternoon, when editorial director Jane Boyes revealed that two carriers had been overheard discussing prices for a client.
- CP Ships abandons multi-brand policy
In what is a sudden change of course CP Ships has ditched its multi-brand policy in favour of a single recognisable trade mark, the carrier announced today.
- Southampton lorry booking system set to beat congestion
- Teesport seeks ‘B&Q effect’ with new UK import centre
- US Appeal Court ruling opens way for textile imports protection
- SITC Maritime mulls first transpacific service
- Sino-US container security initiative launched in Shanghai
- Empties get dedicated Rotterdam barge service at Catem
- Gwangyang to offer toll fee allowances to box trailers
- New Pohang berths will divert cargo from Busan
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| APRIL 28, 2005 |
- Bid buzz for CP Ships
Chinese whispers of a $1.2bn hostile Seaspan bid for container line sets market alight.
- Bocimar up 18%
Profits rise for CMB bulker arm on the back of strong rates and more gains on ship sales.
- Aframax swap
Tsakos Energy Navigation buys one, sells one.
- Hamburg Sud on a roll
Rudolf August Oetker gets just a little richer as his shipping line’s turnover grows by 31% and cargo volume hits 1.4m teu.
- Westfal-Larsen eyes six-pack
Norwegian owner signs for up to six chemical tankers at Chernomorsky in Ukraine.
- LCH shakes up FFA market
New clearing house for freight contracts set to go live in July as competition hots up.
- Kirby breaks record
Contract and spot rate rises produce bumper first quarter profit for US barge giant.
- BlueBridge under microscope
New Zealand ferry becomes latest to attract attention of authorities after going off course.
- Klaveness hits all-time high
Pre-tax profits rise 50% as company logs record results for 2004.
- Seatrade adds 15 reefers
Antwerp-based owner buys out Vroon and Sun Group's United Reefer vessels in further sector consolidation.
- Star shines brighter
Recovery of reefer market continues with first quarter spot freight rates 50% higher than last year.
- B+H out of the US?
Experts speculate Michael Hudner's tanker operation looking to delist from New York in favour of Oslo.
- Heung-A pulls off dramatic recovery
Korean owner turns in hefty profit for 2004 despite a lengthy stint under receivership.
- Strikes unsettle Finnlines
Finnish ro-ro owner unsure of impact of action by cargo handlers at domestic ports.
- Matson makes more
US to Hawaii container line boosted by terminals investment in first quarter.
- TOP seals Nomikos bulkers
Evangelos Pistiolis moves into dry market with deal for 15 ships as he adds more tankers.
- P&O on target
Slimmed down ferry operations operated successfully in first quarter, despite problems in Calais.
- IMC inks China yard tie-up
Singapore owner enters joint venture with mainland firm to build new facility on Zhousan islands.
- Paint gets pricey
Record commodity prices are driving up coating costs, claims paint manufacturer International.
- Aussies hold ten
Capesize bulkers from Ceres Hellenic, MOL, Excel Maritime and Iino among last month’s detainees.
- Samudera makes stellar start
Four fold increase in first quarter net profits as Singapore shipowner rides the boxship boom.
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| APRIL 28, 2005 |
- CP Ships ends multiple brand policy
- NYK, "K" Line, MOL boost dividend payments
- Matson's 1st-quarter operating income soars 60%
- Investment income, tonnage tax lift Int'l Shipholding's earnings
- U.S. appeals court lifts injunction prohibiting China safeguards
- Trade groups say ISO supply chain process flawed
- New U.S. trade group to focus on Cuba
- DOT, NRC seek comments on global nuke material transport rules
- USDA considers cacti imports from Denmark, Netherlands
- Maryland DOT moves to sell Baltimore World Trade Center
- BDP conducts online regulatory compliance survey
- Exel sells Cory Environmental to Montagu Private Equity
- Management Dynamics opens U.K. office
- P&O Ports' Asian terminals top 1.5 million TEU traffic
- Port of New York-New Jersey accelerates rail program
- PMA names Hennessey chief operating officer
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| APRIL 28, 2005 |
- No toxic waste and only a little asbestos in ferry
Ship’s clean.” That was the headline in the Indian newspaper Indian Express after talking to member of search party of ...
- Network Chartering/Bryggen Shipping well ahead
Network Chartering Group, which includes Bryggen Shipping & Trading, saw income surge last year to NOK 543.8 million (EUR 67.0 million ...
- Unexpected expenses during Finnlines’ first quarter
Finnlines recorded a revenue of EUR 173.8 million (163.2 million in first quarter 2004) during the first quarter of 2005 ...
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