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| NOVEMBER 29, 2005 |
Shipping News
- London needs extra £60b to upgrade transport system: CBI
BRITAIN's transport system needs an extra £60 billion over 10 years in public and private funds to improve aging infrastructure and meet growing demand, the country's biggest business group said.
- Smit workers cancel strike after labour pact reached
WORKERS at Smit Internationale NV, a Dutch provider of port towing services, have cancelled a planned 48-hour strike after their unions reached a new labour agreement.
- Oil-tanker rates may level out after last week's 6% drop
THE cost of shipping crude from the Middle East to refineries worldwide on 2 million barrel oil tankers may level out after last week's 6 per cent decline as a surplus of tonnage offsets an increase in bookings for December.
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| NOVEMBER 29, 2005 |
- Hamburg Sud to replace RTW service with Trident from February
- We will overcome market obstacles, says MOL
- NYK invests in Cygnus
- SAL seeks `clear timelines' for Melbourne channel deepening
- Suzhou 1st to implement faster customs clearance in YRD
- Chinese companies invest in N Korea port project
- MAS' 737 order may not take off
- UPS sets sights on new Asian routes
- British Airways explores alliance with American
- Korean carriers to cut fuel surcharges
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| NOVEMBER 29, 2005 |
- MOL acquires P&O Nedlloyd’s South Africa trade routes
- DP World acquires Kalmar empty container handlers for Jebel Ali Port
- Hamburg Süd to revamp 2 services on Asia-North & South America route
- Hapag-Lloyd acquires mega boxship, christens it Kyoto Express
- K + N named ‘Seafreight Forwarder of the Year’
- Susheel Kumar panel to review plethora of taxes shipping industry pays
- AEPC seeks upward revision of drawback rates on all apparel items
- Mundra Port’s first SPM opened with great fanfare
- Developmental potential of Azhikkal port
- Business plan: ChPT extends deadline for bids
- MbPT extends tender deadline for offshore box terminal
- Railways ready to cut entry fee for pvt. companies eyeing container transportation business
- CBEC transforming from regulator to service provider, asserts Parande
- Now it figures. Industrial credit growth began in 2003-04
- Deutsche Bahn AG confirms buyout of BAX Global Inc.
- India, Korea sign 6 memoranda of understanding
- 4 textile parks approved
- Off-balance sheet exposure of banks up by 60 per cent
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| NOVEMBER 29, 2005 |
- Meyer in Hellmann Night Star Express promotion
- More boxes, less oil in first three Gothenburg quarters
- Another round of fuel surcharge decreases
- Lubecon Lines offering hinterland services to Russia
- Lagermax Prague joining 24plus
- Christian Salvesen building Amsterdam logistics centre
- Barrot to battle unsafe vessels
- RedPrairie acquires RangeGate
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| NOVEMBER 28, 2005 |
- Irish unions plan protest over Irish Ferries crisis
- Hamburg Sud goes it alone with Trident service
- EC blocks subsidy for further Fincantieri newbuilding
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| NOVEMBER 28, 2005 |
- Greenbrier shifting work from Canadian facility
- Harley Marine orders barge from Manitowoc Company
- Crowley vessels awarded environmental achievement nod
- Port of Everett dock project nets $995,000 grant award
- Weekly rail freight traffic posts up/down numbers
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| NOVEMBER 29, 2005 |
- DP World finalises knockout P&O bid
Almost 170 years of independence for P&O, perhaps the grandest brand in the maritime industry, could be about to end with a bid worth more than £3bn from Dubai Ports World.
- US mercenaries to hunt African pirates
PIRATES operating off the Horn of Africa, who this weekend released a hijacked Ukrainian bulker and crew, will be hunted down by a crack force of US mercenary marines in the pay of the Somalian government.
- German rivals in Europe-Australia duel as Hamburg Süd confirms solo service
HAMBURG Süd is to go solo with its own service between Europe and Australasia via the US rather than join forces with compatriot Hapag-Lloyd.
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| NOVEMBER 28, 2005 |
- Irish Ferries: way ahead still unclear
IRISH Ferries managers, who spent the morning in talks with Ireland's Labour Relations Commission, admit they have no idea when normal operations will resume
- Charter shortfall hits Navios
BULK operator Navios Maritime Holdings saw profits cut by 39% during its the third quarter on a smaller chartered-in fleet
- Smit talks only partially successful
SMIT Harbour Towage workers in Rotterdam have reached agreement that averted the threat of 48-hour strike action, but colleagues in salvage and heavy lift have not
- Irish Ferries managers in crisis talks
IRISH Ferries’ management has been in talks this morning with Ireland’s Labour Relations Commission in a bid to resolve what has become a national dispute
- Venezuela unveils infrastructure revamp
VENEZUELA has announced a $100Bn infrastructure plan for the Zulia state funded by oil revenues, including a new deepwater port near Lake Maracaibo
- Sub-continent awaits DP/P&O news
INDIA'S shipping community is awaiting news of the imminent takeover of P&O Ports by DP World, Dubai's state-owned ports operator, with confirmation expected this week
- Hajara confirmed as SCI chairman
- Ship sales, dry bulk boost Norden
- Chinese ports to list in HK
- Indians plan Oregon demolition yard
- US security firm to fight Somali piracy
- Hopes fade for missing Chinese
- Boxship charter rates under pressure
- Marseilles appoints for revival
- Peru, Chile sea dispute intensifies
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| NOVEMBER 28, 2005 |
- P&O, Dubai ports deal said to be near
Dubai Ports World said to be on verge of agreeing to takeover of P&O, the UK ports and ferry group, in a deal worth around $5.5 billion.
- Hamburg Süd Trident replaces RTW service
- DHL to hit U.S. goals
- EU sees no WTO progress
- Hurricanes to hurt U.S. exports
- TACA confirms first 2006 tariff hikes
- New Canadian port security funding
- No change for USSEC fuel fee
- DHL upgrades Pudong gateway
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| NOVEMBER 28, 2005 |
- Hamburg Sud goes it alone to ANZ
Hamburg Sud is to go its own way in the Australia-New Zealand/ECNA/Europe trades following the end of the ANZ Alliance in February, and launch its own six-ship, fortnightly service.
- Third Smit strike in one week, though harbour towage resolved
- Brazil to make boxes again
- Toll fails to satisfy ACCC but extends Patrick offer at lower price
- Korean port workers go on strike
- Longer hours for truck gates at Vancouver box terminals
- Business plans as usual for transatlantic carriers
- MSC defers plan to operate larger vessels to India
- Fesco announces Korea volumes
- Deutsche Post expects Exel takeover by mid-December
- Westport's expansion plans show confidence in volume growth
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| NOVEMBER 28, 2005 |
- Repeat issuers see shares dip
Stock prices for dry bulk player Diana Shipping and Jones Act stalwart Maritrans take a dip as both owners trot out repeat offerings.
- A neverending lawsuit
Peter Tavoulareas prevails in latest skirmish with Tsavliris over 1991 salvage of the Atlas Pride.
- Nassco delivers third suezmax
San Diego shipbuilder has handed over third BP tanker with final vessel in series tabbed for late 2006.
- OMI builds charter book
Connecticut owner finds three-year deals with Navion and Total at robust $22,000 per day for two handymax units.
- Pirates free Panagia
Seizure of ship off Somalia comes to a peaceful end after 39 day ordeal.
- Oceania expands again
Del Rio and Watters line up a fourth vessel to join fledgling cruise company in 2007.
- Navios numbers nosedive
Profitability of Angeliki Frangou's bulk carrier operation takes a hit as fewer ships trade at lower rates.
- Marco signs for Cochin run
UAE ferry owner likely to start Indian service by end of December.
- Farstad goes West
Norwegian offshore shipowner to build platform supply vessel at domestic yard.
- Cleanup takes a year
Victory declared in $175m battle against the Athos I tanker spill on the Delaware River.
- One down, three to go
Smit reaches pay deal with towage workers but other staff still threatening strike action.
- Supply ship duo for Vroon
Dutch owner adds to offshore fleet with order at Galatz in Romania.
- Talks due in ferry crisis
Irish Ferries staff and management head to Labour Relations Commission for separate talks to end strike.
- Dubai Ports ready to swoop
P&O share price shows volatility as Middle East port operator prepares formal bid.
- Jinhui takes a tumble
Drydockings and sluggish freight market leads to 37% fall in third quarter profit.
- Non-delivery costs hit Braila
Romanian yard in the red after setting aside money to settle court case.
- Israel Corp up again
Sammy Ofer-controlled company profits further from Zim’s boxships in first nine months.
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| NOVEMBER 28, 2005 |
- Hamburg Sud responds to end of round-the-world loops
- China Shipping receives two 4,250-TEU ships
- New Zealand inspects all containers from Russian Far East
- CCNI names Burger Line French agent
- Goltens names Friedberg president of worldwide service
- Cargolux receives 14th 747-400 freighter
- TNT expands in UAE
- GF-X reaches booking milestone for Asia, Middle East
- Turnbull quits Swire group
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| NOVEMBER 28, 2005 |
- Abandoned ship on auction
The ageing Russian owned freighter "Silva" will be sold on a forced auction at Esbjerg on December 15. 2005. This ...
- DFDS buys replacement ferry for the North Sea
DFDS has purchased the French ferry "Val de Loire" for take over from Britanny Ferries in March 2006. The ferry ...
- Kystlink suffers from cost over-run
Higher than expected costs to the tune of NOK 25 million in the second half of 2005 has forced Langesund ...
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| NOVEMBER 28, 2005 |
- PDVSA admits service problems, aims to improve
Venezuela's sole bunker supplier PDVSA Deltaven admits that some of its service has been lacking as it responds to accusations of poor staff availability and barging problems.
- Oil prices fall as US reopens after holiday
US crude prices move lower on forecast for modest heating oil demand.
- New ownership could boost Lintec's position
Reports say independent bunker fuel testing firm Lintec has been bought by global laboratory services giant Intertek Caleb Brett.
- UAE supplier says onshore storage is the way forward
Bunker supplier in Khor Fakkan, near Fujairah, says offshore storage will soon become a thing of the past.
- Two Asian countries take seats in IMO council
IMO Council elections last Friday saw two Asian countries take seats to become council members.
- Singapore: Onshore oil stocks fell last week
- Singapore's bunker sales up 5.4% in October
Singapore's October bunker sales improved from September and sales of 500 cst bunker fuel hit record level.
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