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| NOVEMBER 30, 2005 |
Shipping News
- S'pore re-elected to IMO governing council for 7th term
SINGAPORE has been re-elected to the governing council of the International Maritime Organisation for a seventh term.
- Terrorist attack risk in regional waters deemed overhyped
THE threat of a terrorist attack in regional waters has been overhyped, but evidence of elementary maritime terror training means governments must be prepared, a terrorism expert warns.
- Somali pirates release Ukranian ship, crew
SOMALI pirates have freed a ship and its crew after holding them hostage off the Somali coast for over a month, a maritime official said here on Monday.
Strait Talk
- A view from Hamburg
THREE or four years ago, it looked almost certain that German-based classification society Germanischer Lloyd would merge with the much bigger, Norwegian-based Det Norske Veritas.
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| NOVEMBER 30, 2005 |
- DP World to buy P&O for GBP3.32 billion
- China textile boom to Europe hurts Asian neighbours
- NZ Customs opens office in China to help with FTA negotiations
- HK economy grows in Q3
- HIT hits 90m box mark
- Hamburg forecasts 9.4pc box growth per annum until 2015
- Cargolux receives 14th B747-400 freighter
- Lufthansa considers moving cargo fleet
- Strike hobbles Argentinean carrier
- China's East Star picks up Airbus aircraft
- Qatar Airways appoints new cargo manager
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| NOVEMBER 30, 2005 |
- London ship-broking major may anchor in India too
- Falling demand for vessels pulls down dry bulk freight rates to a 2-month low
- DGS worried about increasing detention of ships on flimsy grounds
- Exim Bank chief sees scope for increased trade with Australia
- Lloyd’s List award is an inspiration to perform better-Budhiraja
- GE Shipping hands over dry bulk carrier
- Bengal Chief Minister pitches for sea port
- TPT Business Plan: Bids invited
- Mundra Port establishes new single-day coal discharge record
- Activities in full swing at Chennai Port
- NMPT plans trade meets at Bangalore, Sakleshpur
- DP World acquires P&O Ports
- Kamino International Logistics Pvt. Ltd
- 6-point agenda for continuing economic reforms spelt out
- SEZ rules likely to be notified early next month
- Gem of an SEZ coming up in Hyderabad
- Assocham asks govt to frame list of items for exemption from service tax
- Overhaul of FDI procedures imminent
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| NOVEMBER 29, 2005 |
- Dubai Port World set to buy P&O for US$5.7bn
- Japanese lines in 8-ship Qatar LNG deal
- Golar earnings increase
- BW Gas profit up
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| NOVEMBER 29, 2005 |
- Bollinger to build two barges for Moran
- Derecktor gets SENESCO subcontract
- Aker Philadelphia starts work on second tanker
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| NOVEMBER 30, 2005 |
- DP World £3.3bn takeover ushers in new era for P&O
DUBAI Ports World has accompanied a landmark £3.3bn ($5.6bn) bid for P&O, the most prestigious name in the UK’s commercial maritime history, with reassurances on jobs and the future of its ferries division.
- Singapore terrorism expert says maritime threat is overplayed
THE threat of maritime terrorism in Southeast Asia has been over-stated and the chances of an attack are very low, according to terrorism expert Rohan Gunaratna.
- Golar LNG frustration sparks Korea Line bid hint
JOHN Fredriksen’s Golar LNG has hinted at a possible takeover of Korea Line in order to salve the frustration of "not so far being in a position to develop any joint business" with it.
- Emsa reveals winners of oil spill tenders
THE European Maritime Safety Agency yesterday announced the winners of its emergency oil spill pollution response tenders.
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| NOVEMBER 29, 2005 |
- Marpol review must be enforceable
LEGISLATORS involved in reviewing Marpol Annex VI “had better come up with legislation that can be enforced and is usable,” says a marine and energy consultant
- Migrant Watch: US/Caribbean
A GOOD Samaritan cruise ship came to the aid of 10 migrants among the Trinidadians, Cubans, Haitians and Dominicans who tried to reach US shores in the past few days
- Majors shift US gas strategy
- C-Map warns against pirated charts
- SMIT strikes wrapped up
- National protest for Irish Ferries dispute
- New Orleans halfway home
- Volgotanker hit by secret measures
- Chiquita decries EU banana plan
- Devil in the detail as Sea Malta deadline looms
- Financials lift Golar LNG
- DP World would widen with P&O
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| NOVEMBER 29, 2005 |
- Dubai Ports buys P&O for $5.7 billion
The combined company will be world's third-largest ports operator, including Port Newark Container Terminal (left), in United States.
- Mobile partners for new box terminal
- DC strategy boosts Lowe's sales
- JFK is top freight gateway
- Vancouver plots $1.3B expansion
- Retailers fine-tune supply chains
- New LA port director for Customs
- Third fuel charge cut for NWA
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| NOVEMBER 29, 2005 |
- DP World makes cash offer for P&O Group
P&O Group and DP World have announced that a cash offer worth US$5.7bn for the UK ports and ferries group has been tabled by the Dubai company.
- Modern Terminals to build on Dachan Bay potential
Modern Terminals will be involved in four phases of the Dachan Bay project in Shenzhen, while it continues to expand its portfolio in China.
- APMT and CMA CGM’s Terminal Link become upwardly Mobile
- Southampton VBS success could see TCS consultation soon
- Macquarie further downgrade NOL's future peformance
- Collaboration along Yangtze will boost economy, official says
- West Bengal eyes offshore deepwater seaport
- FEFC levies Bosphorus charge
- Silk route revival gets under way
- Auckland places big equipment order
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| NOVEMBER 29, 2005 |
- OSG insider selling
A major shareholder has sold down in Overseas Shipholding Group (OSG).
- Flensburg wins up to 10
Germany’s Flensburger Schiffbau Gesellschaft will build at least four 2,600 lane-metre conros to its own new design.
- Scorship targets 20
Konig and Lolli-Ghetti are targeting a fleet of up to 20 tankers for their joint venture by the end of 2008.
- Latvian doubles profit
Latvian Shipping Co (Lasco) says it has doubled its after-tax profits for the first nine months of the year.
- Dubai does buy
Eastward the course of empire takes its way as sharia bonds make UK imperial relic P&O truly peninsular and oriental.
- Good news for Global Carriers
Malaysian tanker and boxship owner enjoys stronger third quarter profit as revenues rise.
- Nordic American bullish
Herbjorn Hansson tells shareholders that increasing suezmax rates indicates a remunerative fourth quarter.
- Golar warns Korea Line
Lack of progress on joint business leads to John Fredriksen’s LNG company issuing veiled takeover threat.
- Bharati banks bonds cash
Increasingly busy Indian shipbuilder raises cash with debt issue.
- P&O to go
UK ports and ferry group’s board recommends $5.75bn takeover offer from Dubai operation DP World.
- DP deal dwarfs shipping takeovers
The huge $5.75bn cost of P&O's ports and ferries puts most other recent pure shipping deals in the shade.
- Bid in "best interests" of shareholders
And P&O chairman Sir John Parker says employees will also gain from DP World deal.
- Freight boost for BW Gas
Profit of newly restructured shipping venture soars as all sectors of the gas market strengthen.
- Spirit of Alpha refloated
Salvors SvitzerWijsmuller rescue Kiperousa sistership from grounding off Sumatra in Indonesia.
- HUBLine heads upwards
Malaysian boxship operator’s annual earnings grow by 74% year-on-year.
- Courage continues to slide
Top four directors keep buying, as share price at recently-listed bulker player keeps sliding.
- Diana gets Bolina
New York-listed bulker outfit takes delivery of 2004-built panamax along with three-year charter.
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| NOVEMBER 29, 2005 |
- TACA reconfirms first half 2006 tariff increase
- USSEC extends bunker charges
- Consortium signs long-term charters for eight new LNG carriers
- "K" Line to establish European joint venture agencies
- OMI enters new time charters for two product carriers
- COSCO Americas names Chen Xiaomin as president
- Tidework Technology adds ro/ro management software
- Financial reporting problems jeopardize World Air Nasdaq listing
- Norway Post buys multisort system
- BNSF, South Dakota agree $40.3 million settlement for Core railroad
- Esposito joins Arpin
- U.S. official lauds India-U.S. partnership
- Trade attorneys warn of curtailing of Indonesian transshipments
- Chiquita 'regrets' endorsement of European banana tariff
- JFK airport displaces L.A. port as ranking 2004 freight gateway
- USDA raises warehouse license and inspection fees
- USDA reduces import restrictions on British Columbia poultry
- ICTSI protecting Manila facility from bird flu
- IES names Stewart director of corporate training
- P&O accepts $5.7 billion takeover offer from DP World
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| NOVEMBER 29, 2005 |
- Somalia hires mercenaries to hunt pirates
Somalia has hired Topcat Marine Security to provide a US mercenary marine force to hunt down the pirates operating off ...
- 12 new tankers to Herning in the next 12 months
Herning Shipping will have the most massive newbuilding programme 2006, the largest ever in the company’s 42-year history. The ...
- Demand for cruise services higher next year
European Cruise Services (ECS), located in Bergen, has seen a sharp increase in demand for cruise ship services for 2006 ...
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| NOVEMBER 29, 2005 |
- No resupply imminent as Montreal spot avails dry-up
Dry avails in the spot market likely to extend well into December.
- Bunker players awarded Saudi fuel oil term deals
650 cst fuels oil term cargoes awarded to a Middle Eastern trader and FAMM, reports say.
- PRAXIS: Daily bunker market report
- Lintec: New ISO 8217 could cut down on disputes
Lintec says ISO 8217 revisions bring the marine fuel standard up to date and will make life simpler for bunker buyers.
- Intertek to integrate fuel and lubricant analysis acquisitions
Intertek today announced the acquisitions of Lloyd's Register Lubricant Quality Scan and Lintec Testing Services, saying it intends to integrate their services.
- ARA: Loading issues cause heavy commitments
- Are new Singapore bunker licences in the pipeline?
Bunkering companies in Singapore wanting to secure bunkering licences are looking to the port authority for answers.
- Project claims success in lowering fuel consumption
A pioneer project to optimise vessel performance and reduce fuel consumption and emissions has been completed by Teekay Shipping Corp and BMT SeaTech.
- Saudi Oil minister: Oil market is 'beautiful' and 'in balance'
Saudi Arabia's oil minister says the oil market is well-balanced with no shortage of supplies expected during the northern hemisphere winter.
- O.W. Bunker sets up new office in Shanghai
O.W. Bunker Group announces organizational developments to get a better approach to the Chinese market.
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