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| JUNE 30, 2005 |
Shipping News
- NUS launches new centre for maritime studies
REINFORCING Singapore's efforts to establish itself as an international maritime hub, the Centre for Maritime Studies was launched at the National University of Singapore yesterday.
- Singapore classification society launched
THE local maritime community now has its own home-grown classification society following the launch of SingClass International Pte Ltd yesterday.
- Indon pirates plead guilty to hijacking Malaysian tanker
TEN Indonesian pirates, caught after a botched attempt to hijack an oil tanker off northern Malaysia, have pleaded guilty to armed robbery and face up to 20 years in jail and whipping, officials said yesterday.
- Suez Canal reports record daily income on increased traffic
- Tankers told to avoid long wait off Iraq
- Matson marks maiden voyage on new China route
- Declining steel prices hit ship scrap rates
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| JUNE 30, 2005 |
- HK exports surge 16.9 per cent in May
- Xiamen-Taiwan direct shipments up slightly
- MOL to open representative office in Chengdu
- P&O completes debt refinancing
- GPA's East River terminal throughput soars
- John Boudreau appointed president of Safmarine
- Stockbrokers laud Coscol
- United reports operating loss of US$21m in May
- Cargolux starts new service to Doha
- Shenship flies 216 tonnes of oil well equipment from China to Norway
- Volga-Dnepr to add two freighters to fleet
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| JUNE 30, 2005 |
- John J. Boudreau appointed new President of Safmarine Inc.
- EU backs India-Iran gas pipeline project
- India to insist on bound rates for non-farm products in tariff reduction formula
- Port users oppose IGTPL move to hike handling charges at RGCT
- MoS berates Jaya for last-minute stalling tactics
- Labour Commissioner tells Union to end MbPT transport workers strike
- UPS launches ‘Trade Direct’ from Asia to Europe
- Rlys may cut freight rates for steel, cement & pol
- Transporters threaten indefinite strike
- Bengal to set up AEZ for cashew
- Customs duty rate may be cut by 5 pc
- 2-year moratorium on sugar mills’ debt mooted
- Gujarat CM exudes optimism on GSPC gas find
- Steps taken to protect industry from misuse of CECA with Singapore
- Relax labour laws to attract investment, says WB report
- JNPT chief to speak at IMC tomorrow
- Direct taxes panel reconstituted
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| JUNE 29, 2005 |
- British Airways World Cargo appoints new general managers
- MOL (China) opens Chengdu representative office
- Air India introduces direct flights to London
- GLS builds new depot in Berlin-Schönow
- DHL investing in new German logistics centre
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| JUNE 29, 2005 |
- EC to pressure UK on IMO representation
- P&O makes US$317m profit on PONL sale
- "Good news" from St Lawrence Seaway
- PSA bond issue
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| JUNE 29, 2005 |
- Maersk unit to acquire Norse Merchant Ferries
- Consolidation at Crowley Maritime
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| JUNE 29, 2005 |
- Vancouver Port Authority boss calls for end to trucking dispute
- Overnite sets meeting date for vote on merger with UPS
- IMO plans to establish Bravery at Sea award
- Canada, Mexico and US release partnership report
- Customs adds Shenzhen to list of CSI member ports
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| JUNE 30, 2005 |
- Norfolkline in talks to buy Norse Merchant
AP Møller-Maersk’s multimodal shortsea operator, Norfolkline, is in negotiations to buy Irish Sea specialist Norse Merchant Group.
- New Singapore class society targets small vessels but thinks big
Singapore launched its own classification society, SingClass, yesterday, targeting business from small vessels that trade locally but with grand ambitions.
- P&O share disposal pulls plug on container shipping
P&O will finally withdraw from container shipping today when it completes the sale of its 25% stake in Royal P&O Nedlloyd, writes Janet Porter.
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| JUNE 29, 2005 |
- AP Møller secures 45% of P&O Ned
TWO Danish banks have acquired the shares in Royal P&O Nedlloyd held by the P&O group, although AP Moller-Maersk has option agreements with the banks
- Maersk agrees Indian cadet scheme
AP MøLLER has entered into an agreement with the Academy of Maritime Education and Training in Chennai, India, to training 300 cadets a year
- Anti-China calls surge in US
AMERICAN protectionists targeting China have mobilised this week in the wake of the Chinese bid for Unocal, raising concerns over a potential trade war
- Norfolkline to buy Norse Merchant
NORFOLKLINE has signed a letter of intent to acquire Norse Merchant Ferries, which operates ferries on the Irish Sea
- Demolition deals in spotlight
- US energy policy closer
- Mercosur funds transport links
- Crowley Maritime restructures
- Namura shareholder coup fails
- Posco wants 400Mt of Indian ore
- Bottiglieri fined for falsifying
- Volga to move into boxships
- Migrant Watch: US/Caribbean
- Salvage of abandoned toxic cargo
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| JUNE 29, 2005 |
- Railroads bank on intermodal
Railroad analysts say global economic shifts are positioning intermodal as the best option for future revenue growth for rail.
- Nafta trade & security plan
- Export ABCs: Foreign Trade Regs and compliance
- Shooting in Vancouver truck strike
- Transport ID card awaits rules
- Maersk has 44% of P&O
- Court reverses China curb decision
- Seattle port project gets nod
- Box upgrade for Sea Star
- Kingston storage fees rising
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| JUNE 29, 2005 |
- Trucker dispute has immobilised 40% of Vancouver’s usual volumes
About 1,000 striking container-truckers affecting container-movements through Vancouver and Fraser Port box-terminals are still declining to resume negotiations with trucking companies, and there may be no progress until next week.
- Regulatory approval worries prompt P&O’s early share sale
Concerns over possible delays caused by regulatory investigations into the acquisition of Royal P&O Nedlloyd (PONL) by AP Moeller-Maersk led to today’s announcement of an early share sale by P&O Group.
- Brokers study charter crossroads for signs of way forward
- Chinese manufacturers exhaust textile quotas in a month
- Le Havre port2000 agreement needed ‘yesterday’ or September, says stevedore
- Bond issue will finance PSA’s Singapore expansion
- Jan Gelderland leaves ECT for HPH’s bulk ambitions
- Belem plots privatisation course
- We’re going broke, say Vancouver truck-drivers
- SIPG floatation will not suffer muted Cosco IPO response
- China ASEAN sets timetable for tariff cut
- P&O Group severs links with liner shipping division
- Container ship hits naval base in Bangladesh
- Auckland volumes rise, and charges too
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| JUNE 29, 2005 |
- Norfolkline to buy Norse Merchant
US investors reach agreement to sell Irish Sea operation to Maersk subsidiary.
- Genmar rings Bell
General Maritime bolsters chartering department with hire of veteran Peter Bell from Teekay to head commercial operations.
- Namura challenge voted down
Maverick investor Segura claims 30% support for higher dividend but fails to win required majority.
- Danish seafarers cry foul
Denmark has sold out its seafarers in Danish-German Scandlines, claim labour unions.
- Three thumbs up for bulk
Norway's DnB NOR Markets is taking another look at Jinhui, Golden Ocean and Camillo Eitzen.
- Greek ferries still suffering
Attica posts more losses in latest quarter, with volumes down on two out of three routes.
- P&O takes the money
UK group offloads Nedlloyd stake to AP Moller-Maersk for an early-sale discount.
- Seatrans buys Turkish tanker
Norwegian group emerges as buyer behind deal for ATS ship Burce S.
- Kazmortransflot thinks bigger
Kazakh national owner could be ready to order tankers of up to 60,000 dwt by end of 2005.
- Crowley units 'stay separate'
Consolidated Crowley Maritime subsidiaries 'will remain separate' as will labour arrangements.
- Forth Tankers warns of scam
UK tanker owner says investors should beware approach from questionable New York legal firm.
- Egypt to offload agency stake
A fifth of Canal Shipping Agencies to be sold in staggered share offering.
- Hanjin company launches terminal
Korean owner’s ports affiliate has big ambitions for Pyeongtaek Container Terminal.
- Cosco Holdings targets $1bn
Lacklustre response and fears over a peaking global shipping cycle dent initial public offering.
- Storm stopped in Cardiff
Greek owned product carrier detained in Welsh port over safety and ISM related deficiencies.
- PSA plans bond issue
Singapore container terminal operator looks to raise SGD500m to pay debt and fund expansion.
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| JUNE 29, 2005 |
- Maersk secures 44% of P&O Nedlloyd as P&O group severs maritime link
- COSCO listing on Hong Kong stock exchange approved
- Crowley restructures marine arms, revamps management
- Boudreau named president of Safmarine Inc.
- Crowley raises U.S./Puerto Rico bunker, intermodal surcharges
- UAL Corp. posts $93 million net loss in May
- Global air freight traffic declined in May
- Two freight trains collide in Mississippi
- Melton to become NETS vice chairman
- Conference to focus on global customs partnerships
- Compass Forwarding picks IES software
- Appeals court reverses China safeguard injunction
- North American governments see progress on preclearance system
- Hamburg terminal receives five next-generation cranes
- New Korean terminal opens in Pyungtaek
- Port of Palm Beach wants extended Caribbean reach
- Port of Miami planning Web translations in Mandarin
- Hooykaas replaces Gelderland at ECT
- Long Beach names Walter harbor commissioner
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| JUNE 29, 2005 |
- EMSA panel calls for additional tanker safety rules
An expert panel has warned that fitting tankers with double hulls is not enouogh to prevent oil spills and that ...
- Star Reefers buys six Polar class vessels
Reefer owner/operator Star Reefers will invest a total of USD 117.3 million in six Polar class, 529,000 cu.ft., vessels ...
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| JUNE 29, 2005 |
- PDVSA targets equity share in Jamaica's Petrojam
Proposed deal would see Venezuelan oil giant acquire a share of Kingston refinery and marketing arm for refined products, including heavy fuel oil, claim reports.
- Sulphur price spread predicted to increase in US
Conference speakers predict widening price differential, depending on cutter stocks and low-sulphur crude streams.
- Huangpu: Fuel oil glut to persist in July
Demand for imported fuel oil in southern China's Guangdong province is likely to remain low despite a summer energy shortage traders have said as high prices prompt buyers to opt for lower quality domestic product.
- MPA: No further reports of MARPOL sulphur breaches
Maritime and Port Authority (MPA) of Singapore tells Bunkerworld that it is following up a recent report that some bunker samples from the port tested slightly above 4.5% sulphur, but would not indicate if it would lead to any further action from the authority.
- Summer-break for Ventspils bunker supply
Barge repair work means hiatus in bunker supply for much of the summer.
- Pirates face jail after guilty plea
A group of Indonesian pirates has pleaded guilty to gang robbery after a foiled attempt to hijack a Malaysian oil products tanker off Langkawi, Malaysia, earlier this month.
- DOE & API at a glance: Latest US inventory figures
Crude and oil product inventories rise as increased refinery runs are offset by jump in imports.
- Report warns of complacency over double-hulls
A report of High Level Experts commissioned by the European Maritime Safety Agency (EMSA) has warned the shipping industry of complacency over pollution risks from double-hulled tankers.
- Russian supplier continues expansion with barge orders
Russian bunker supplier and barge operator awaits three barges as construction of new terminals continues.
- Crude oil little changed after huge slump
Crude oil prices in both New York and London were little changed this morning after both benchmarks slumped by over $2 in yesterday's trade.
- Rotterdam: Congestion reduced but prompt still problematic
- Singapore tanker detained by Malaysian authorities after spill
A Singapore-owned tanker was suspected of causing the giant oil slick off Malaysia's south coast, while Malaysian officials said Singapore waters not affected.
- Cosco undertakes conversion of oil tankers to double-hulls
Cosco Corp (Singapore) Ltd, a unit of China's biggest shipping company, will be undertaking work to convert single-hulled oil tankers to double-hulls this year.
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