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| JANUARY 31, 2005 |
Shipping News
- China shipbuilders rush to satisfy booming economy
CHINA is rushing to build vessels to ship home the huge amounts of commodities its booming economy demands, amid reports it is also constructing military bases to help safeguard its shipments of oil.
- S Korean 2004 shipbuilding orders fell
HYUNDAI Heavy Industries and other South Korean shipbuilders won orders for 2.6 per cent fewer vessels last year, though orders rose to a record US$30.2 billion as shipmakers focused on higher-value vessels.
- Chinese iron ore needs underpin freight rates
CHINA's insatiable demand for iron ore should put the brake on falling freight rates in the near future but shipments could peak if Beijing moves to cool the red-hot steel industry.
- Rotterdam Port expansion plan to be revised
- South Africa to upgrade Cape Town, Durban ports
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| JANUARY 31, 2005 |
- OOCL posts strong Q4 result
- Evergreen opens largest terminal at Port of Tacoma
- Hudson's Bay ships goods via Panama Canal to beat Vancouver congestion
- Union Pacific 2004 operating revenue up 6pc
- Dart Line volumes surge in 2004
- KarstadtQuelle sells logistics operations to Deutsche Post
- Chinese carriers purchase 60 Dreamliners
- UAL reports net loss of US$1.6 billion in 2004
- ABX Logistics joins cargo 2000
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| JANUARY 31, 2005 |
- ESL–a vital link to Ethiopian trade
- SRLL set to provide close-knit supply chain logistics
- Contship Tamarind ferries large catamaran from Antwerp to Jebel Ali
- 8,000 tonnes wheat exported to Qatar
- Govt to sign customs cooperation agreements with 5 more nations
- Hong Kong remains world’s top container port
- NCAER report puts GDP growth in 2004-05 at 6.7 pc
- Service tax to be paid by March 31
- Pranab may head GoM on SEZ legislation
- Dumping duty on Vitamin AD3 from EU under review
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| JANUARY 28, 2005 |
- Oil slumps on renewed OPEC assurances for status quo
Bunker fuel prices fail to react immediately to the drop, with no major price movements in the key ports.
- New K-Sea barges ready for operation before April
Newly-acquired bunker barges ready for operation in the Spring, says company.
- Leading 'green' line calls for wider low-sulphur supply
Car-carrier company Wallenius Wilhelmsen reveals higher cost of low-sulphur fuel purchases and points out lack of supply to pursue its green shipping policy globally.
- Extra fuel protection proves popular
Lintec Testing Services claims 'massive response' from shipowners since it launched new service to screen bunkers for chemical contamination not detected by standard testing methods.
- Singapore trader's replacement announced
- Bunker alert issued for high density fuels
DNV Petroleum Services (DNVPS) issued a bunker alert today after having received several samples from Venice with density exceeding the ISO 8217: 1996 specification.
- OPEC President: We won't cut oil production
"We are very keen about the stability of the prices in the market," says Sheikh Ahmad Fahd al-Sabah.
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| JANUARY 28, 2005 |
- LPG market boosts Exmar
- French port disruption angers UK shippers
- UK union wants stronger ships, to withstand abnormal waves
- IMO head meets EC official
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| JANUARY 30, 2005 |
- Roekke gets rolling on shipping line plan
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| JANUARY 31, 2005 |
- Canada faces industry revolt on pollution Bill
IN AN unprecedented rebellion Canada’s shipping industry groups, backed by the national maritime law association and the International Group of P&I Clubs, are striving to have proposed new environmental pro- tection legislation drastically amended or scrapped.
- Knutsen order offers lifeline to Izar
NORWAY’S Knutsen OAS has placed an order for a 138,000 cu m liquefied natural gas carrier with the Spanish shipbuilder Izar.
- Ice crisis forces rethink on Stena training
SWEDISH tanker heavyweight Stena Bulk is to concentrate solely on ice-class crew training at its Glasgow-based cadet school as the industry faces a crippling shortage of mariners trained for harsh winter climates.
- PT Arpeni IPO to fund aggressive expansion
EXPANDING Indonesian shipowner PT Arpeni Pratama Ocean Line plans to raise Rupiah600bn (US$66m) from a stock market listing on the Jakarta Stock Exchange.
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| JANUARY 28, 2005 |
- Minister removes Yarmouth hurdle
UK transport secretary Alastair Darling has approved the use of public funding to support the EastPort outer harbour project at Great Yarmouth
- CP ships share price falls
TRADING on CP Ships stock opened lower as expected this morning on the New York Stock Exchange on news that the company has lowered its profit projections for 2004
- Dover optimistic for this year
THE port of Dover is cautiously optimistic about traffic volumes for 2005 with new ships due in service for SeaFrance, Norfolkline and SpeedFerries
- Transnet in Saldanha ore agreement
- Petrochemicals boost Exmar
- IMO guidelines on seafarer rights
- One dead in Durban dock fall
- Swedish strike threat grows
- Expanding OSM seeks Filipinos
- Shanghai only considering IPO
- India and Iran sign energy venture
- French intercept Italian polluter
- LA votes for access route upgrade
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| JANUARY 28, 2005 |
- Maersk exec: Port box crisis looming
Gateways won't be able to handle container growth by 2010 if they don't expand, a top Maersk Sealand executive said.
- Box storage abuses add to congestion
Shippers, terminals say importers who use marine terminals for free storage of containers are contributing to congestion at major seaports.
- Customs extends border truckers deadline
- CP Ships lowers profit forecast
- UPS freezes management hiring
- USF earnings off in 4Q
- Xporta, logistics software make, shuts down
- Tax claim upheld for KCS rail unit
- Rising cargo profits UK airports
- Union Pacific's Evans retiring
- Korean Air back in black
- UPS slips in fourth quarter
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| JANUARY 28, 2005 |
- DPI set to sign Cochin concession on Monday
A number of carriers have shown an interest in the development at Cochin Port on India’s south west coast, where Dubai Ports International (DPI) will sign a 30-year concession on Monday.
- Criminal charges instigated in Rottergate affair
- Lyttelton open to labour disruption after employment deal failure
- Statistics justify China-Australia service explosion
- CP Ships expects US$70-73million 2004 income, after unusual charges
- Intermodal powers CPR freight revenue increase
- Clearing of Danube waterway makes slow progress
- New York’s ExpressRail volumes boosted by Asia trades
- Volume and rate increases see Heung-A profits surge
- Price-cuts and discounts for new and spot traffic on GB Railfreight
- Hamburg 7m TEU success based on China and Baltic
- Barrot pushes Eurovignette to increase modal competition
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| JANUARY 28, 2005 |
- Dividend fever
Frontline follows Genmar's dividends announcement with one of its own.
- Post-what?
Panama Canal considers massive expansion project to cater for post-panamax containerships.
- Genmar downgrade ‘very likely’
S&P puts tanker owner on creditwatch after aggressive new dividend policy.
- Taiheyo walks tall
Japanese VLCC and bulker owner builds profit in first nine months of year ending 31 March.
- Fred Olsen in the dark
First Olsen Tankers denies knowing anything about reports it has won an FPSO bid.
- Grieg gives sneak peek
Elisabeth Grieg says the Grieg Group will book $86m in pre-tax profit for 2004, better than double 2003.
- Cosco linked to new yard
Chinese shipowner reportedly lining up cash to build facility in eastern Zhoushan.
- CP Ships cuts forecast
Cost of investigating errors in earlier results takes a bite out of 2004 profit.
- Dart Line's volumes surge
Bidcorp-owned UK ro-ro company boosts project cargoes by 50% in 2004.
- Tax boost for ISH
US shipping group gets extra $7.7m of income from new tonnage tax regime.
- Farstad orders at Simek
Farstad Shipping says it is renewing its anchor-handling fleet.
- Fabricius looks to Vietnam
Danish owner abandons second-hand market for newbuilding foray into boxships.
- Aurora sails for Germany
P&O Cruises’ ill-fated liner heads to Lloyd Werft from Southampton for propulsion plant repairs.
- Exmar excels
LPG market drives bigger profits at Belgian owner in 2004, but LNG disappoints.
- Shreyas orders boxships
Indian boxship player inks deal for up to four feeder ships at Singapore shipyard ST Marine.
- Matson marches on
Increased volumes and increases in fuel surcharges lift profits at US-to-Hawaii container line.
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| JANUARY 28, 2005 |
- CP Ships lowers profit expectation
- Matson increases profits from shipping, logistics
- Tonnage tax cuts boost International Shipholding’s earnings
- UPS reports higher 4th quarter revenue, poor growth in ground volumes
- United confirms heavy loss
- Mineta notes progress in bringing down aviation barriers
- ABX Logistics joins Cargo 2000
- Boeing confirms Thai Airways International as 777 buyer
- Norfolk Southern posts record railway income, revenue
- Canadian Pacific Railway 4th quarter net income declined
- Grupo TFM claim upheld by court
- U.S. rail traffic declines after storms, line closures
- DOT policy chief departs
- Zoellick lays out his agenda for World Economic Forum
- Export-Import Bank facilitates exports to Chinese government
- Saddle Creek promotes DelBovo, Cook
- Record volumes at New Jersey ExpressRail terminals
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| JANUARY 28, 2005 |
- NIS wage agreement
The Norwegian Shipowners’ Association (NSA) has struck a deal with the unions representing 3,600 members to revise agreements with employees ...
- Color Line sees steady passenger numbers
Color Line experienced lower passenger numbers on all routes except Oslo to Kiel, where the new "Color Fantasy" began sailings ...
- Jetlink Moss-Fredrikshavn from March
Jetlink begins sailings from Moss to Frederikshavn with the fast car/passenger ferry HSC "Jetlink Express" with daily departures in ...
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