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| MAY 31, 2005 |
Shipping News
- Iraq suing container firm for not paying port fees
IRAQ is suing AP Moeller-Maersk AS, the world's biggest container-shipping company, for failing to pay fees at the port of Khor Az Zubayr - the first such suit against a foreign company since Saddam Hussein fell from power.
- S'pore team headed for Oslo shipping show
THE maritime community here is being represented for the first time in a big way at one of the world's best-attended shipping exhibition and show in Oslo next week.
- Pipeline may boost tanker demand
A pipeline linking Baku, Azerbaijan's capital, with Ceyhan on Turkey's Mediterranean coast may boost demand for so-called very large crude carriers , ships able to carry two million barrels of oil each, shipbrokers including New York-based Poten & Partners said.
- Top Tankers cancels purchase of 17 ships
- Ship scrap prices fall in India, Bangladesh
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| MAY 31, 2005 |
- China cancels garment tariffs in response to US imposition of quotas
- Zhejiang to build 280km rail line to Taizhou
- Vanguard secures BAT contract in Australia, NZ
- PHA executive to head ports and harbours association
- Problems at Australian ports may slow throughput growth
- Air India starts new Dehli-UK, Canada service
- US to test anti-missile system on commercial plane
- Vietnam Airlines delays start of US service
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| MAY 31, 2005 |
- MSC to launch direct, weekly service from NSICT to Far East & China
- Mercator Lines making foray into bulk shipping business
- Quota-free regime boosts textiles exports to US
- US, EU move against China will help boost textile exports, observes Fieo
- Fieo signs pact to boost trade with Argentina
- MbPT urges civic body to resolve octroi problem
- Funds for Dhamra port may be tied up in 2 months
- Lanka clears plans to build 4 more box terminals
- Dwindling coal supplies affect Paradip Port performance
- Building shipyards now the rage
- Rs 1.72-lakh cr. plan for highways
- FFFAI’s 17th biennial convention to be held from July 14 to 17 at Chennai
- DEPB rates lowered for many product groups
- 55 pc rise in recovery of tax arrears in 2004-05
- Plea to review tariff value of degummed soyabean oil
- Remove curbs on pepper imports—Spices Forum
- Govt to club textile schemes—Vaghela
- CII calls for quick approval for export of crop biotech
- Assocham projects 10 pc growth in food processing sector by 2010
- K. N. Modi, former Ficci chief, passes away
- Help the downtrodden, Shekhawat tells business community
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- Severe low sulphur fuel shortage looming, claims study
Scrubbing technologies will have to be adopted to offset short supply and high prices of low sulphur fuels, says new study.
- Shipping needs cohesion on emissions, conference told
Shipowners are pursuing ad-hoc solutions to environmental challenges and need to focus more on education.
- Singapore: Bunker fuel premiums ease with June cargo arrivals
Larger volumes of cargoes scheduled to arrive in Singapore in June have shaved off bunker fuel premiums considerably in May compared to April.
- Fuel additive cuts harmful emissions
A fuel additive produced by Vancouver-based company can significantly reduce harmful emissions from ships' diesel engines as well as cutting sulphur emissions.
- Oil output level can stay, UAE oil minister says
Although world oil markets are adequately supplied now, UAE oil minister said OPEC need not cut oil output level when the cartel meets next month.
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| MAY 31, 2005 |
- Japanese shipowners’ association appoints new president
- Bimco: stem officer shortfalls by putting seafarers first
- Qatar Airways announces Mashad schedules
- Bulgaria: first licence for private freight railway
- Switzerland: shipping agents join Spedlogswiss
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| MAY 31, 2005 |
- Ceres Paragon nails regular calls
THE Ceres Paragon terminal in Amsterdam is to get its first regular customer, with the Grand Alliance pledging to field two loops via the Dutch terminal — after four years of waiting. Up to 225,000 teu are expected to be generated from the weekly calls, roughly 20% of the terminal’s capacity.
- EU resurrects plan to levy ports in expansion of pollution tax policy
BRUSSELS has resurrected plans to impose pollution tax on ports as part of a fund-raising effort for its trans-European transport networks.
- Report warns of low sulphur fuel shortfall within 10 years
THE MARINE bunker fuel market faces a potential shortfall of 1m barrels a day of low sulphur products within 10 years, a new study has predicted.
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| MAY 30, 2005 |
- China revokes self-restraint measures on textile exports
Beijing announced today that it would not not impose export tariffs on 81 categories of textile products from June 1, revoking the previous decision to hike tariffs on 74 products.
- Ceres Paragon confirms August start for two weekly deepsea callers
The Grand Alliance (GA) is to run two Asia-Europe services into Amsterdam’s Ceres Paragon Terminal (CPT), beginning in August, bringing in 170,000TEU or more annually.
- Bass Strait feeders face volume loss
- OOCL to launch Vietnam/Hong Kong/Singapore feeder
- Wan Hai reaches transpacific slot exchange agreement with Sinotrans
- Cosco Pacific announces investment details for Nanjing Longtan terminal
- AADA member carriers announce rate rises
- European railfreight declaration charts rail progress
- Russia and Kazkahstan railway chiefs meet, as box-traffic rises 13.4%
- DFDS takes over Cobelfret service
- CMR gets government extension but fees to rise
- SA targets growth for under-used East London terminals and inland links
- Cochin terminal gets two 100-tonne cranes
- Baltic ports to surcharge for ISPS compliance
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| MAY 30, 2005 |
- Box monsters fly German flag
German shipowners claim they are meeting a target of adding over 100 ships to the flag by year's end.
- Indian yard plans IPO
Mumbai based ABG raises $32m in private equity finance as first step in plan to build vessels up to 120,000-dwt.
- Ceres Paragon gets looped
The Grand Alliance confirms it will liven up member NYK's quiet Amsterdam terminal.
- Bluewater outlook brightens
Growing market share outweighs red ink as rating agency revises view of Norwegian marine insurer’s prospects.
- Lasco profit rockets
First quarter result of Latvian Shipping shows dramatic improvement despite weaker tanker market.
- DFDS buys Cobelfret route
Danish ferry operator extends North Sea operation with purchase of rival Anglo Swedish service.
- Ruhnu fights Saaremaa link
Tiny Estonian island does not want ferry operator to bring in Latvian tourists.
- Adnatco lines up newbuildings
Abu Dhabi owner finally declares intention to renew products carrier fleet after selling off older ships.
- Maersk’s Vietnam first
Danish owner granted licence to establish first foreign-owned ship agency.
- Golden profits from Jinhui punt
First quarter profits at Frontline bulker spin off buoyed by gains from dabble in Jinhui stock.
- Engineer dies in blast
Explosion on SCI tanker kills one and injures another two in Mangalore.
- Outlook negative for Ultrapetrol
Ratings agency Standard & Poor’s points to uncertainty over South American owner's new ships.
- HDW starts cull
Newly merged German shipbuilder begins shedding 283 jobs.
- HUBLine piles on the profits
Interim profits at Malaysian boxship operator double on improved freight rates and liftings.
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| MAY 30, 2005 |
- EU sabotages member’s IMO proposals
The European Commission (EC) has sabotaged proposals from Denmark and the United Kingdom to the IMO Maritime Safety Committee (MSC ...
- DFDS takes over competitor on Sweden-UK route
DFDS Group has purchased Cobelfret AB’s entire operation on the service from Göteborg to Killingholme. The service has been a ...
- "Estonia" court proceedings continue in France
Today, the second session in the "Estonia" proceedings is opened at a court in Nanterre in France. Estonia Litigation Association ...
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