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| AUGUST 30, 2005 |
Shipping News
- P&O integration with Maersk to cost 1.5b kroner
THE total bill for restructuring and integrating former Anglo-Dutch line Royal P&O Nedlloyd with its existing Maersk Sealand liner operation will amount to nearly 1.5 billion Danish kroner for the full year 2005, new owner AP Moller-Maersk said on Friday.
- Evergreen Marine posts 20% rise in Q2 profit
TAIWAN's Evergreen Marine Corp, the world's third-largest container shipper, reported a rise of 20 per cent in second-quarter net profit on the back of booming China exports and firm freight rates.
- Frontline likely to expand into ship-based oil rigs
FRONTLINE Ltd, the world's biggest oil-tanker operator by capacity, may rebuild some of its single- hulled vessels to ship-based oil rigs to continue making money on them after they are banned from carrying crude from 2015.
- Remove Malacca Strait from threat list: M'sia
- Hutchison Port to run terminal in Thailand for vehicles
- Thai shipping line sees record 2005 profits
- Paperwork delays China factories: Singamas
- US West Coast ports vie for China trade
- Blast rips ferry in Philippine south-west, wounds 24
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- Mandelson seeks to free up Chinese garments held at EU ports
- HK's first half GDP beats forecast
- Portek's turnover increases 21pc to SGD76m
- New orders to increase global capacity by 60pc
- Oakland to open terminal at night
- China Southern posts interim net loss
- TNT launches new supply chain solution
- Gulf, Saudi extend code share arrangement
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| AUGUST 30, 2005 |
- Teamglobal Logistics commences operations in Mumbai
- GE Shipping in for split?
- Catalytical support can catapult Indian shipping industry, asserts new INSA chief
- MSC Ship Management (India) brings Indian seafarers on board
- Without partner; NOL could be next M&A target—analysts
- ECU-Line to Dalian
- NOL’s Q2 earnings edge up
- China Shipping launches RTW service
- DPA begins building 2nd box terminal
- Yang Ming forms terminal alliance with "K" Line, Hanjin & PSA-HNN
- Thailand plans national shipping fleet
- Spices Board set to take big bite of US market with Flavourit brand
- Automotive tyre exports roll up by 6.3 pc
- Setting up of 2 international-size shipyards under study-Baalu
- Hope glimmers for Rajabagan Dockyard amidst CIWTC gloom
- Icegate operations at Major Ports improving, asserts Kolkata Customs Commissioner
- Gangavaram port funds virtually tied up
- Rs 58 cr. spent on Major Ports growth in Q1, reveals Outcome Budget
- Kutch processed food exporters bogged down by lack of cargo flights
- Railways narrows down focus on dedicated freight corridor
- Forex reserves up by $ 1,738 million to $ 1,44,375 million
- Notification awaited for sugar exports to Pak
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| AUGUST 29, 2005 |
- Hutchison signals interest in Russian NCC
- Varig increases flights Brazil - USA
- BDP International opens Rotterdam office
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| AUGUST 29, 2005 |
- Total warns on lubes shortage
- Philippine ferry bomb blast
- BigLift fined US$59,000 for 40 litre oil spill
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| AUGUST 29, 2005 |
- Port of Seattle to fund stream projects near Sea-Tac
- Kinder Morgan Energy Partners focus of DOT pipeline action
- Schnitzer Steel Industries boosts acquisitions team
- Crowley orders four more articulated tug-barge vessels
- Merger of reefer companies nets European Commission nod
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- Thirty injured as terror blast fireball hits Philippines ferry
MARITIME terrorism has reared its head again in the Philippines after 30 people were injured in a blast on a ferry in the troubled south of the country.
The Abu Sayaaf terrorist group is being blamed for a blast on the 240 dwt, Philippines-flagged ferry Dona Ramonaon Sunday that injured at least 30 people.
- Japanese owners’ victimisation claims are rejected by JWC
CLAIMS from Japanese shipowners that they are being victimised by new reinsurance coverage in the Malacca Strait have been dismissed out of hand by the Joint War Committee.
- Singapore insurer warns regional owners on Malacca Strait war risk cover
A Singapore insurer has warned certain shipowners to review their hull insurance policies to ensure that they have war risk cover following the move to assess the Malacca Strait as a war risk zone, writes Marcus Hand.
- New tug rival breaks through at Le Havre after six-year battle
A NEW tug company is planning to open for business at the start of next year at the French port of Le Havre after winning a six-year battle to obtain authorisation to do so.
- Owners step up light dues challenge
INTERNATIONAL shipowners are stepping up their campaign to cut the cost of calling at UK ports, writes Janet Porter.
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- Philippine ferry blast injures 30
AN explosion rocked a passenger ship that was docked at Lamitan wharf in Basilan in the southern Philippine province of Mindanao wounding at least 30 passengers yesterday
- Chemical tanker aground in Japan
A watch keeper falling asleep is thought to have been the cause of a domestic chemical tanker grounding in Japan over the weekend
- Katrina threatens US oil supply
HURRICANE Katrina, one of the most intense storms in recorded history, could severely disrupt America’s oil supply, shut down the Mississippi River trade and submerge the city of New Orleans
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| AUGUST 29, 2005 |
- Gulf ports battered by Katrina
The storm made landfall near the mouth of the Mississippi River this morning. Ports from New Orleans to the Florida Panhandle are closed.
- Update on JoC Breakbulk Conference
- Oakland to test extended gates
- Schneider Logistics acquires American Port Services
- Pittsburgh port to host inland-waterways conference
- Chinese official: No more plans for yuan
- Stolt-Nielsen unit signs e-procurement pact
- Security test slated at Baltimore
- Truck strike ends at Indian port
- Cleaner-burning locomotives coming to LA-Long Beach
- UP to open Dallas terminal
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| AUGUST 29, 2005 |
- Updated: New Orleans evacuated as Katrina hits US Gulf Coast
New Orleans has been evacuated and Hurricane Katrina has hit the US Gulf coast, after making landfall further west than expected.
- Progress expected in Sino-US/EU textile talks
The Chinese textile community is pleased with an EU proposal to unblock goods held at European ports, while the fourth round of Sino-US talks is expected to kick off soon.
- Dutch one-day port strike set for August 31
- Over 300,000 pairs of contraband shoes dug out of Vostochniy customs-pile
- Six operators request qualification for Tuticorin second box-terminal bid
- Baltic feeder increase prompts Kiel Canal upgrade
- HK truckers to introduce surcharge, but shippers want explanation
- Lyttelton sees recovery continuing
- New Eastern Siberian governor fast-tracked from the railway
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| AUGUST 29, 2005 |
- More, older, cheaper
IPO project Cavan Maritime wants more and older bulkers. Atlantic Marine manages, DnB NOR finances, prices are slashed.
- 'Cane favours products player
Analyst tabs OMI Corp as top pick on Katrina damage, with OSG, Frontline waiting in wings.
- Another Ivan?
Tanker officials say it's too soon to tell whether it's a replay of storm that helped boost owners to record earnings in late 2004.
- Stealthgas steps in IPO spotlight
Vafias family's LPG offshoot decides to come forward with long-rumoured $115m initial public offering.
- Katrina whips up tanker stocks
Hurricane's threat to US Gulf production sends shares skyward as long-haul import cargoes could be needed.
- PDZ pushes ahead
Annual profits rise at Malaysian boxship owner, but revenues dip as volumes fall.
- Strong first half for Israel Corp
Ofer family holding company makes bigger profit from Zim box line.
- Crew safe after sinking
Seven men from German-owned cargoship rescued by other ship involved in collision off Netherlands.
- Srinivasa plans shipping issue
Indian company to increase share capital as it plots entry into coastal cargo trades.
- Great Eastern thinks restructuring
Indian shipping group could spin-off offshore vessel business, a report claims.
- Frontline looks to FPSO market
Company confirms it has more than 20 single-hulls ripe for conversion after IMO ban kicks in.
- Maersk inks military millions
Danish behemoth to manage eight US military fast sealift ships in potential five-year deal worth $135m.
- Investors want Jinhui
Parent to sell off shares equal to nearly 10% of company in response to demand for hot stock.
- Ezra keeps on ordering
Singapore offshore shipowner adds two anchor handlers at Pan United to growing order backlog.
- U-Ming ups profit
Taiwanese bulker owner builds earnings in first six months, despite slight revenue dip.
- New Orleans waits
Cruise ships, shipyards and oil facilities all batten down the hatches as Katrina prepares to strike.
- BigLift fined over pollution
Canadian authorities penalise Dutch heavy lift specialist over 2003 Newfoundland oil slick.
- Ferry suffers bomb blast
Al-Qaeda linked group blamed for Philippines ferry bomb blast that injures thirty people including children.
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| AUGUST 29, 2005 |
- Evergreen, Yang Ming to start joint Intra-Asia service
- Mur Shipping establish breakbulk joint venture
- Crowley will build four more articulated tug-barges
- "K" Line completes building on car carrier
- River traffic halted around New Orleans; city’s port, airport closed
- Apparel importers warn U.S. textile negotiators not to repeat mistakes
- USDA starts online program for exporters, banks
- Canada sets treated wood packaging enforcement for Sept. 16
- Purolator USA opens new head office in Jericho, N.Y.
- Los Angeles, Long Beach switching locomotives go green
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| AUGUST 29, 2005 |
- More US ships to Maersk Line
Maersk Line Limited, the US subsidiary of A.P. Møller-Mærsk, has been awarded the contract for maintenance and operation of ...
- More containers through Göteborg
The Port of Göteborg handled 396,000 TEUs during the first six months, up by eight per cent compared to the ...
- ELA arranges "Estonia" symposium in Tallinn
Estonias Litigation Association (ELA) will host a symposium in Tallinn on the 11th memorial day of the "Estonia" disaster. Among ...
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| AUGUST 29, 2005 |
- Katrina causes chaos in US Gulf bunker markets
As Katrina halted bunkering in New Orleans and Mobile, Alabama, today, suppliers elsewhere in the US were trying to assess the impact and keeping bunker prices high.
- Bunker tanks safe within triple-bottom structure
Japanese shipowner took delivery of a car carrier with its fuel and bunker oil tanks fitted within a triple-bottom structure.
- Chimbusco bonded bunker sales up 41% on year
Chimbusco's bonded bunker sales volume rose 41% for the first half of 2005 compared to a year ago.
- OPEC maintains supply is sufficient despite high prices
OPEC is concerned with surging oil prices but maintains that the market already has sufficient supplies.
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