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| AUGUST 29, 2005 |
Shipping News
- Hutchison Port to run terminal in Thailand for vehicles
HUTCHISON Whampoa Ltd, the world's biggest port operator, said its port unit will build and operate a terminal in Thailand to handle vehicle shipments, its second investment in the South-east Asian country.
- Thai shipping line sees record 2005 profits
PRECIOUS Shipping, Thailand's largest shipping company, said it expects record profits this year and a good 2006, with demand likely to remain strong on the back of rising global trade.
- Paperwork delays China factories: Singamas
SINGAMAS Container Holdings Ltd, the world's second-biggest maker of shipping containers, said paperwork delays will cause its factories in China to begin production three months behind schedule.
- US West Coast ports vie for China trade
- Blast rips ferry in Philippine south-west, wounds 24
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| AUGUST 29, 2005 |
- A P Moller-Maersk edges closer to full ownership of PONL
- Sinotrans' H1 turnover soars 33.7pc
- Singapore, Pakistan wrap up 1st round of FTA talks
- UPS continues expansion drive in China, Asia Pacific
- Earnings growth for MOL set to continue: report
- United Airlines suffers US$274m net loss in July
- Sichuan Airlines starts China-Tibet service
- Asia Airfreight Terminal, GLSHK sign cargo data MOU
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| AUGUST 29, 2005 |
- A.P. Moller-Maersk secures 99.67 pc stake in P&ONL
- Esskay Shipping sets new steam coal discharge records at Vizag Port
- Manufacture of huge ships may come on L&T drawing board soon
- Handlooms target $ 50 bn export by 2010
- Indian shoe quality makes imprint overseas
- US estimates India’s wheat import needs at 1 m tonnes
- KoPT chief wants port policy to focus on dry bulk cargo too
- 6 bidders submit RFQ to develop TPT’s 2nd box terminal
- Sethusamudram dredging projects attract 4 global majors
- GDL sounding CONCOR on dedicated rakes
- Yarn, fabrics, made-ups lead import list to constitute value-added garment exports
- Minister: We’ll make India petro-products export hub
- Road & Highways Dept seeks Rs 30,000 cr. more in budgetary support to keep projects going
- Food processing units being modernised, says Minister
- ECGC settles record number of cases
- Govt earmarks Rs 290 cr. capital subsidy for leather industry’s modernisation
- Infrastructure panel to finalise model concession pact for 4-laning this week
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| AUGUST 26, 2005 |
- Logochem Linz appoints new sales manager
- MacAndrews strengthening agency presence
- Volga-Dnepr concludes financial agreement for aircraft production
- RH Freight: partnership with Fiege in Switzerland
- Panalpina reports convincing interim results
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| AUGUST 26, 2005 |
- Strong result from AP Moller - Maersk
- Far Swan sold for US$38.7m
- P&O sells more property
- Stolt-Nielsen in US$200m share buy-back
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| AUGUST 26, 2005 |
- VT Halter Marine wins more Crowley ATB orders
- Kvichak to build high speed landing craft
- ONR contract for Ketchikan shipyard
- S&P affirms Star Cruises' credit rating
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| AUGUST 26, 2005 |
- FRA earmarks $2.4 million for Tacoma Rail upgrades
- All sectors positive for US rail freight
- Federal funds heading to Oregon/Washington airports
- American Airlines Cargo bumps up fuel surcharge
- Purchase of Navios closed by International
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| AUGUST 26, 2005 |
- Gulf Coast readies for Katrina
The Coast Guard closed all ports from New Orleans to the Florida Panhandle ahead of the arrival of the massive hurricane early Monday.
- Maersk garners 99.67% of P&O Nedlloyd
- Deadline extended for HK box security test
- Vancouver adds intermodal capacity
- Fuel charge unchanged for USSEC
- EU may drop proposal for crews to handle cargo
- Corps rejects drought relief for barge traffic
- Crowley signs for four more tug-barge units
- Airlines join air-cargo project
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| AUGUST 26, 2005 |
- Major terminal operators pushing prices to ‘stratospheric’ levels
Port-operator Portek International is ‘baffled’ by ‘stratospheric’ prices big operators are paying for container terminals around the world.
- Sinotrans to set its own course, with owned ships and terminals
Sinotrans executive director and president Zhang Jianwei said today that the company would consider enhancing handling capacity by acquiring its own ships, to minimise the impact of high chartering-rates.
- High waters sweep east into Danube basin
- AAR customer saves time but not money
- Echoes of the ‘CMA Ships’ idea heard in the market place
- Xiamen welcomes first batch of zero-tariff Taiwanese fruits
- JN Port boycott called off
- South Florida ports assessing storm damage
- Gothenburg figures show steady container increase
- Gwangyang to construct port hinterland
- Over 99% of RPONL in AP Moller-Maersk hands
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| AUGUST 26, 2005 |
- TUI unveils rights issue
Tour operator will offer investors new shares at 27% discount to raise $1.2bn to pay for CP Ships.
- Four more for Crowley
US Jones Act player stakes $190m on four ATBs at Halter yard, nearly doubling its coastwise barge fleet by 2008.
- K Line takes first from China
Car carrier from Nacks will have enhanced environmental features.
- Evergreen builds earnings
Strong first-half demand for services into the US boosts Taiwanese boxship giant’s result.
- NOL volumes up 10%
Singapore liner operator handled 13,800 more containers in July compared to twelve months earlier.
- Russia to axe Novoship deal
Government reportedly ready to annul suezmax sale to bank in row over "asset-stripping."
- Passengers escape ferry blaze
North Korean-flag ship assists in evacuations after Turkish ro-ro catches fire.
- India wants new yards
Shipping minister TR Baalu said the country is considering building two "international-size" shipyards.
- Canada holds duo
Only two vessels failed port state control checks during July.
- Farstad sells Swan
Norwegian owner offloads platform supply ship for NOK 83m profit.
- Tokai thinks positive
Japanese ferry owner cutting losses in 2005 and expects to be in black by year-end.
- Wanted: Stolt shares
Stolt-Nielsen wants to buy back up to $200m of its own stock.
- AP Moller builds profit mountain
Danish giant posts suitably huge first-half earnings as boxships perform ahead of Nedlloyd merger.
- RAM reaffirms HUBLine rating
Malaysian intra-Asian operator looking to expand as it gets thumbs up from local credit rating agency.
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| AUGUST 26, 2005 |
- A.P. Moller-Maersk's container shipping unit profits up 30%
- A.P. Moller-Maersk secures 99.67% of Royal P&O Nedlloyd shares
- U.S./South Europe carriers extend bunker charges to October
- TACA extends suspension of L.A.-Long Beach congestion surcharge
- K-Sea acquires West Coast barge operator
- WITASS hikes congestion surcharge in Trinidad, cancels it in Venezuela
- UAL Corp. reports $274 million net loss in July
- Gorman rises to top of Jevic
- Still smooth sailing at Los Angeles, Long Beach
- Nanjing box terminal open for business
- Hutchison awarded 30-year concession for Laem Chabang ro/ro terminal
- Portek's profits up 26%
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| AUGUST 26, 2005 |
- Ferry companies hit by bunker costs
Norwegian ferry companies are severely hit by escalating bunker costs and they have indicated they want to renegotiate their subsidies ...
- New ferry line Kristiansand-Hanstholm
A new passenger/ferry line is scheduled to start from Kristiansand to Hanstholm around the turn of the year by ...
- Nordea increases profit from shipping sector
Nordea’s shipping and energy division, which reports as part of the corporate and institutional banking division, added EUR 280 million ...
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| AUGUST 26, 2005 |
- US prices post new records, hurricane hits Florida
As hurricane Katrina disrupted bunker operations in Florida today, prices on the USEC climbed to new highs with Houston staying quiet.
- Regular product shortages for foreseeable future
Total Lubmarine says a very tight supply position and regular product shortages are likely to remain in the marine lubes industry for the foreseeable future.
- Vopak H1 results: Singapore singled out for more growth
Terminal giant reports marked growth in H1 profits as market fundamentals boost demand for its services.
- New contact details for JSC Bunker Co. Archangel
- Colombo: Supplier makes first in port delivery
Lanka Maritime Services has completed its first in-port delivery at Colombo after over a year of legal wrangling.
- Egypt: Independent surveyor vouches for fuel oil quality
Cargo surveyor responds to recent reports about quality problems with bunkers from Port Said.
- ARA market: Many suppliers fully booked for August
- South Africa: Authorities look into handling oil spill
Joint assessment underway on the readiness of handling a major oil spill along the country's 3,500 kilometre (km) coastline.
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