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| MAY 30, 2005 |
Shipping News
- SSC to separate shipping, logistics
ASTRATEGY of remaining asset light, cash rich, debt free and core business-focussed has prompted Singapore Shipping Corporation to undergo its second major restructuring in less than five years.
- Disney Cruise Lines has no plans for 3rd ship
DESPITE burgeoning demand and a rising dollar, Disney Cruise Lines president Tom McAlpin said on Friday that the Walt Disney Co has no immediate plans to build a third ship.
- Bookings push up Gulf oil tanker rates
PERSIAN Gulf oil supertanker rates to Asia rose for a third day on Friday as oil companies signed up vessels at a faster pace, allowing shipowners to raise prices from a 19-month low.
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| MAY 30, 2005 |
- China Cosco given go-ahead for US$2b IPO, report says
- Sinotrans to launch new services to Korea and Japan
- French delegation to SITL seeks closer ties with China
- MOL opens new Indonesian office
- DCL offers faster services to Japan
- K+N chairman against selling more shares to public for now
- April air freight rises: IATA
- Mercury Air Group reports third quarter net loss
- Sear to be promoted by Northwest
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| MAY 30, 2005 |
- Operators seek amendments to Inland Vessels Act
- Catching ’em young in maritime industry—Singapore style
- India, Pakistan getting down to nitty-gritty of business
- Pak may grant India MFN status
- India offers IT knowhow to Botswana
- DPI acquires 2 mega mobile cranes for RGCT at Cochin Port
- MMB draws up Mumbai-Raigad harbour transport project
- Import of unshredded metallic scrap through ICD-Mulund allowed
- Rs 1.72-lakh cr. plan on drawing board for highways development
- World warehousing meet to be held in India in 2007
- ECGC earns Rs 515.88 crore premium income in 2004-05
- Fears of economic slowdown creeping in
- Service tax on certain core sector works under review
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| MAY 27, 2005 |
- SMP: Rising lube costs could be passed on to buyers
Shell Marine Products concedes that changing fundementals comprising a rise base oil and additives costs, could be passed onto the customer 'at some point in the future'.
- US: Marine diesel spill under investigation
The US Coast Guard is investigating a 1,500-gallon marine diesel oil spill that occurred in Boston in the area where the famous aircraft carrier USS John F. Kennedy was docked.
- Bunker quality alert issued for Gibraltar
- Sentencing approaches for former Lungshan manager
Former general manager of Singapore bunker supplier is expected to be sentenced on bunker corruption charges in a Singapore court on June 11.
- Styrene contaminated fuel debunkered
Danish shipowner AP Moeller-Maersk has completed a debunkering operation in Singapore.
- Rotterdam market snapshot
- Driving season may deplete US oil stocks acutely
The robust oil stockpile in the US may drop sharply as oil refiners start to process more gasoline to meet demand for the peak summer driving season.
- New oil system will cut sulphur content in sour crude
A new crude oil enhancement system introduced by a US-based company will soon be able to reduce the high level of sulphur content found in sour crude in the Gulf region.
- Hong Kong: Ex-wharf bunker supplies may tighten
Hong Kong's ex-wharf bunker fuel supplier Callany is expected to start cleaning works on its four storage tanks, leading to possible tightness in ex-wharf bunker deliveries.
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| MAY 30, 2005 |
- Hassing joining Samskip
- Tuscor Lloyds forwards equipment to Afghanistan
- Emirates takes delivery of 777-300ER from Boeing
- Cargo Slovakia railway to be sold
- BLG expands coldstore in Bremerhaven
- Romania and Ukraine seeking Bystroye canal solution
- New web site for Transports Pedretti
- FIATA World Congress 2005 in Moscow
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| MAY 27, 2005 |
- EU wrecks safety initiative
- Singapore investigates tanker/bulker collision
- Medical checks "save US$1m"
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| MAY 27, 2005 |
- Electric Boat gets $9.5 million R&D contract
- Aker Yards to build another "cruise ship with a car deck"
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| MAY 27, 2005 |
- Milford Westin leaving Port of Kalama Commission
- US rail freight numbers decline during week
- Portland Merchants Exchange extends scholarship deadline
- Maersk Sealand changing application date for rates
- Carriers plan to upgrade Europe/Middle East/Asia service
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| MAY 27, 2005 |
- Caribbean nearing cruise limits
SOME Caribbean islands could soon reach the limits of their cruise capacity, not in terms of docking space but in the ability of local tour infrastructure to accommodate the load
- Pakistan aids seafarer employment
PAKISTAN is soon to launch a ‘Machine Readable Seamen’s Book’ in a bid to tackle forgery of seafarer documents
- Malaysia to upgrade enforcement
MALAYSIA’S new coastguard and search and rescue body is expected to be set up in November this year
- Steel prices set to decline
SHIPBUILDERS caught out by surging steel prices may be relieved to hear that global prices could be heading downwards again within the next few months
- Norovirus outbreak on Oceana
ANOTHER Norovirus outbreak has struck on a cruise ship, this time the affected vessel is P&O Cruises’ 77,499gt Oceana
- CMA CGM in Delmas speculation
- Road tax to benefit ports
- Bangladesh seeks Malaysian funds
- Shippers call for better port links
- LA to pay China Shipping millions
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| MAY 27, 2005 |
- New security fee for Virginia ports
VPA plans to charge $2 per container, other fees, to help pay for additional security upgrades at Norfolk (left), and its other marine terminals.
- Express a $64B business: Report
- TACA: LA charge still off
- Tanker, bulker in Singapore collision
- Terror drill at Newark terminal
- Air Canada adds Shanghai flights
- Insurer: E-charts a risk
- Waldron, Norton Lilly in Hawaii pact
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| MAY 27, 2005 |
- New textile policy by Beijing benefits Hong Kong port
Chinese textile products having value-added processes in Hong Kong and Macao can be listed as originating outside China, and therefore be exempted from the Chinese export tariffs beginning June 1.
- South Korea ports watching giant merger movement
South Korean ports are watching closely at the possible merger between Maersk Sealand and P&O Nedlloyd (PONL), since the new giant would probably have a 9.3% market-share in the country.
- China Shipping to finally get its terminal, following LA proposal
- Cosco's shipping arm launches Hong Kong IPO in June
- South African port walkout cancelled
- ‘2K’ project confirmed by Russia and Lithuania
- Dongnama to deploy self-owned vessel on MSS service
- TACA lines continue LA/LB congestion surcharge suspension
- Crossrail to be sold in preparation for merger
- Gothenburg container growth accelerating
- CMA CGM UK reorganises UK transport services
- MOL opens fourth branch in Indonesia
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| MAY 27, 2005 |
- Wartsila not guilty
Engine builder and sales manager, Bjarne Lindfors, walk from court free of bribery accusation.
- Prisco in ITF deal
Row over Russian shipowner’s flag of convenience payments to labour federation is resolved.
- Summer solace
Better days ahead for tanker owners with end of Arabian Gulf weakness, summer driving season kicking in, says Banc of America.
- Great Eastern thinks boxes
Indian tanker and bulker owner has not ruled out move into containers in future.
- Shell collection
Three Viken Shipping newbuildings to enter the STASCO fleet for world products trade.
- Mols-Linien wins compensation
State offers help for Danish ferry owner as car fares fall across Great Belt bridge.
- Aker seals $407m order
Finnish yards to share construction of Color Magic cruise ferry.
- Numbers up at SSC
Fourth quarter profits up 30% as Singapore Shipping Corp details spin off plans for logistics arm.
- Express Samina trial opens
Capt Vassilis Yiannakis, his officers and company executives are called to account over Greek ferry tragedy.
- Tamai back in the black
Japanese bulker player makes return to a full-year net profit for the first time in three years.
- Solstad drops anchor-handlers
Norwegian offshore owner sells two 1980s-built vessels, but retains management.
- Virus strikes Oceana
At least 200 passengers struck down with the contagious norovirus during a cruise of the Mediterranean.
- TTA to buy again
Expanding Thai bulker owner lines up new vessel purchase as demand for its ships grows.
- TEN in fresh buyback plan
US-listed Tsakos Energy Navigation (TEN) announces plan to repurchase $20m worth of its own stock.
- PDZ scrapes into profit
Third quarter results see Malaysian boxship player move into positive territory despite fall in revenue.
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| MAY 27, 2005 |
- Waterfront Coalition adds voice to box shipping gridlock concerns
- Report: COSCO gets O.K. for $2 billion IPO
- Costa Container Lines adds Lisbon to Med/Canada/Cuba link
- MOL opens fourth Indonesian office
- MarAd approves vessel flag transfer
- Canadian minister seeks views on U.S./Canada aviation agreement
- CN, IBEW sign four-year collective agreement
- CBP postpones benefits for C-TPAT qualifiers
- USDA chief promotes benefits of CAFTA to American meat shippers
- USDA shuts down cattle trade with Mexico's Durango state
- U.S., Indonesian chambers of commerce announce partnership
- Chiquita Brands names Zalla senior VP and CFO
- FKI Logistex appoints Bryan VP of finance for airport unit
- Los Angeles port to pay China Shipping for berth delay
- Virginia Port Authority sets security surcharge
- North Carolina ports see 23% cargo growth
- Port Newark container terminal hosts security training drill
- Port of New Orleans elects Kallenborn chairman
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| MAY 27, 2005 |
- Good grades for North European ferries in ADAC study
The German motorist organisation ADAC has investigated safety features on 30 European ferries of which eight ply North European waters ...
- Acquittal in Wärtsilä bribery case
The district court in Vasa has acquitted the Wärtsilä subsidiary Wärtsilä Finland and one of its employees from bribery charges ...
- Bridge fares down – ferries to follow
The Danish minister of Transport, Flemming Hansen, yesterday secured a political agreement reducing the ticket price at the Great Belt ...
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