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21 November 2019 The on-line newspaper devoted to the world of transports 17:28 GMT+1




free news
The Business Timesweb site
OCTOBER 31, 2005
Shipping News
  • Concrete action most needed in region's war on piracy: analyst
    THE three littoral states bordering the Malacca and Singapore straits have to do more in enhancing maritime security, according to a Singapore-based security analyst who said that the 'eyes-in-the-sky' initiative was useful only to a point.
  • US Senate sparks probe into cruise line deal
    THE Senate unanimously passed a measure on Friday that would require an investigation into the controversial US$236 million deal to lease three ships from Carnival Cruise Lines for emergency housing after Hurricane Katrina.
  • CIMC posts 29% dip in Q3 profit to 599m yuan
    CHINA's CIMC, the world's top maker of shipping containers, posted on Saturday a 29 per cent dive in quarterly earnings, as rising steel costs took the edge off strong sales.
  • China Shipping profits up 18% on cargo rise

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Sched Netweb site
OCTOBER 31, 2005
  • China to invest CNY30b on Chongqing railway construction
  • Mainland to waive tariffs on Macau products
  • Jilin highways to stretch 50,000 km
  • Dongning trade zone on Sino-Russian border starts operations
  • Box clear out continues in Australia
  • Union Pacific 3Q profits up
  • Mechanical products lead exports from Manzhouli
  • Dragonair boosts capacity to major Chinese cities for winter peak season
  • Qantas relocates IT mainframes
  • Continental Airlines adds non-stop service to Germany

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Exim Indiaweb site
OCTOBER 31, 2005
  • Teamglobal Logistics, Shipco Transport tie up to combine synergies
  • Global container lines see turbulent seas ahead
  • VPT confident of successfully scaling still higher peaks of excellence
  • International consultants to prepare strategic plans for each Major Port
  • Panel to be formed to appraise public-pvt. projects worth over Rs 100 cr.
  • FM wants states to reimburse their share of taxes to exporters
  • SEZ units can now import fuel directly sans duty
  • Kamal Nath holds out prospect of special fund to rejuvenate tea industry
  • Infrastructure sector shows signs of improvement in last month of H1
  • Fieo happy with credit policy, expects growth of textile sector
  • Credit-linked capital subsidy scheme for small-scale units restructured
  • CII to conduct 5-day certificate course on ex-im procedures

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International Transport Journalweb site
OCTOBER 28, 2005
  • Fernandez Alonso new La Coruna port president
  • Expobangla Logistics Limited joins United Shipping
  • New round of privatisation for Budapest airport
  • TFG adds rail services between German sea port and Berlin
  • FedEx opens new distribution hub in Maryland, USA
  • Russia seeking private transport infrastructure investments
  • Management Dynamics acquires NextLinx

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Maritime Global Netweb site
OCTOBER 30, 2005
  • Transport infrastructure could hold-back Indian development
  • Chemical tanker refloated in Scheldt
  • Rina opens Korean plan approval office
  • BV approves AMOS
  • SCI orders 2 VLCCs

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Marine Logweb site
OCTOBER 29, 2005
  • Hawaii Superferry contract now unconditional
  • Aker Philadelphia lays tanker keel

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World Wide Shipperweb site
OCTOBER 28, 2005
  • Port of Kalama chosen for future electric power complex
  • Intermodal sets new record for weekly US rail traffic
  • Exel employee Alicia Chin wins freight forwarder honor
  • Federal agencies unveil new maritime security plans
  • Sea-Tac Airport police ready to ticket illegal parking

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Lloyd's Listweb site
OCTOBER 31, 2005
  • Eagle Bulk follow-up offer still fails to excite Wall Street bulls
    THE glass remains half full in shipping initial public offerings, with Eagle Bulk's follow-on offering undergoing a 15% cut.
  • Lacklustre listing for Lloyd Fonds
    Germany's KG financier Lloyd Fonds continued the series of rather unsuccessful shipping-related IPOs.
  • Transmed denies Chinese capesize sale
    TRANSMED Shipping, the Athens-based dry bulk operator, has denied that there is a deal in place to sell the third and fourth ships in its lengthy capesize newbuilding programme in China.
  • Broström's Simonsson dismisses fears of ice-class rates meltdown
    ICE tanker specialist Broström's boss Lennart Simonsson is "not concerned" by fears that a deluge of ice-class newbuild deliveries will bring a rates meltdown.

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Fairplayweb site
OCTOBER 28, 2005
  • Beta targets Nicaragua
    TROPICAL storm Beta looks set to strengthen into a hurricane later today as it heads towards the Caribbean coast of Nicaragua, according to the latest advisory by the National Hurricane Centre (NHS)
  • Arbitrator rejects EC banana proposal
    THE arbitrator has rejected the latest European submission to impose a euro187 ($227) per tonne tariff for bananas imported from most favoured nation suppliers
  • Clarkson plays down broker spat
    PHILLIPE Van Den Abeele, managing director of Clarkson Securities, has stressed that there is no feud between his organisation and FFA specialist Imarex
  • Resale deals cut into Essar earnings
    NET profits at India's Essar Shipping for its July-September quarter have fallen dramatically because of the sale of five of its tankers
  • GE Shipping: Small profit and de-merger OK
    GE Shipping, India's largest private shipping company, has posted a small profit increase for the July-September quarter, and is formalising the de-merger of its offshore arm
  • NOL plans investment in India's port/rail
    SINGAPORE'S NOL group has drawn up major investment plans in India's port and rail transport sectors
  • Bird flu scare hits soymeal exports
  • Box market still led by sentiment
  • Aker Philly pursues German efficiency
  • Ports count cost of blockade
  • New training options for maritime workers
  • Pasha in expansive mood
  • DVB pumps up the volume
  • Pacific Basin sells five vessels
  • US-PR box rates may increase
  • US food aid shipments battle brewing

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The Journal of Commerceweb site
OCTOBER 28, 2005
  • Florida ports return to normal
    Normal ship traffic has resumed at Miami and Port Everglades after Hurricane Wilma swept through the region this week.
  • Canada extends rules for British Columbia port truckers
  • Canada unveils new hours-of-service rules for truckers
  • EU offers to slash farm tariffs
  • Schubert to work with Jones Walker
  • Monk promoted at Census
  • BA World Cargo to expand European freighter network
  • Profit slips at Wilh. Wilhelmsen
  • WTO gives EU 7 months to reform sugar programs
  • Yuan hits new high against dollar
  • N.C. port to expand storage
  • Nippon Cargo, AirBridge enter Japan-Europe pact

free news
Containerisation Internationalweb site
OCTOBER 28, 2005
  • Carriers rebut claims of looming supply/demand imbalance
    Shipping lines are furious at reports from a banker, that rates could collapse by up to 64.8% next year, calling the claims 'rubbish' and saying the analysis was ill-conceived.
  • Maersk's post-PONL ANZ services take shape
    AP Moller-Maersk's takeover of P&O Nedlloyd will see major changes to the way services operate between Australia, New Zealand, North America and Europe.
  • Eyebrows raised by RPA director conflict of interests
  • Strong demand forces extra loader on Atlantic service
  • Trans-Tasman gap finally filled
  • Colombo CSI spreads responsibility right through supply chain
  • India must improve transport links to connect to GDP growth
  • Gdansk terminal completes berth extension
  • CI Awards 2006 entry deadline only one week away
  • CSCL takes delivery of new 4,250TEU ship
  • Gwangyang achieves mild throughput growth

news on subscription
TradeWindsweb site
OCTOBER 28, 2005
  • Redelivery crisis?
    Korea's STX Pan Ocean is said to be threatening redeliveries after freights failed to live up to time-charter rates of a year ago.
  • Essberger afloat
    A grounded chemical tanker has been refloated on the Scheldt.
  • OMI still hot for OMM
    Connecticut owner rumoured to be authorising $70m more in shares buybacks after reducing float by some 20% to date.
  • Still gold in them hulls
    A remarkably strong price is being reported on a single-hull VLCC sale.
  • Genmar sells another
    Polembros takes single-hull aframax at $19m as buyers circle six double-sided units.
  • Temas tops last year
    Indonesian liner operator posts big jump in nine-month profits and revenues.
  • Diana doubles dollars
    Profitability of Greek bulk carrier fleet benefits from higher earnings by expanded fleet.
  • Upgrade for Sovcomflot
    Credit rating agency boosts view of top Russian shipowner in wake of rise in sovereign bonds.
  • We are all doomed
    Scary years are ahead for shipping, a top shipfinancier warned a pre-Halloween crowd in New York yesterday.
  • Yang Ming moves up
    Taiwanese boxship owner builds profit by 11% in first three quarters of 2005.
  • Eagle swoops for $80m
    US-listed dry bulk owner sells 5.5 million follow-on shares at $14.50 for reduced take in choppy public equity market.
  • Rail sale saves TMM
    Mexican tanker owner would have racked up nine-month loss without big gain from disposal of railway unit.
  • ITF sticks with 10%
    Executive board resists pressure to cut next year's rise in AB benchmark to $1,550.
  • Matson profits grow
    Operating profits inch up at Hawaii specialist on higher cargo volumes, improved yields and cargo mix.
  • Wartsila powers ahead
    Marine engine orders double as shipbuilding boom continues but share price stalls as investors want more.
  • Brostrom boosts earnings
    Swedish tanker owner rides strong markets to higher pre-tax profit in first three quarters.
  • Island row brews for Gotland
    Swedish ferry owner delays financial report after state halts subsidy payment for services to Baltic island.
  • Extra expenses hurt MMM
    High price of bunkers and extra drydocking costs push Malaysian Merchant Marine to fourth quarter loss.
  • CSAV builds profit again
    Chilean container line goes from strength to strength over the first three quarters.
  • Steady as she goes
    Results at Belgian gas player Exmar tempered by high bunker costs and dry-docking expenses.
  • Ow sets deadline
    Ow Chio Kiat gives shareholders in Singapore Shipping Corp until November to accept buyout offer.
  • Hamworthy nets LNG deals
    UK-listed firm to supply reliquefaction plants for Qatar gas carriers building at Hyundai Heavy Industries.
  • Profits edge up at GSI
    Improving shipbuilding market helps lift financial performance at China's Guangzhou Shipyard.
  • CMB escapes rate decline
    Charter coverage helps Marc Saverys' Bocimar maintain profitable third quarter.

news on subscription
American Shipperweb site
OCTOBER 28, 2005
  • Wilh. Wilhelmsen's 3rd-quarter net income down 10%
  • TACA to delete L.A.-Long Beach congestion surcharge
  • USSEC extends bunker charges to December
  • DHS releases two maritime strategy documents
  • China Shipping receives 4,250-TEU ship
  • MarAd approves tanker scrapping
  • Colography: Rising jet fuel costs eroding air freight market share
  • BA World Cargo to expand European short-haul freighter network
  • Minneapolis-St. Paul adds new runway
  • Campbell to head Maryland Aviation Administration
  • UP profit skyrockets 83%
  • FedEx Freight settles suit for $500,000
  • DSC to provide fast logistics for Wal-Mart
  • Monk promoted to assistant director for economic programs at Census
  • South Florida port operations close to normal
  • South Carolina ports' Groseclose named AAPA chairman
  • Ceres makes two senior appointments

news on subscription
The Scandinavian Shipping Gazetteweb site
OCTOBER 28, 2005
  • All time high for Scandlines
    In its delayed annual report for 2004, Scandlines reports a DKK 558 million profit after tax on a DKK 3.7 ...
  • Good times for Broström
    The third quarter was significantly better for the G'teborg based tanker operator Broström this year compared to last year. For ...
  • Aker Yards has order backlog of 108 vessels
    Aker Yard had 108 vessels worth NOK 35.5 billion (EUR 4.55 billion) on order at the group's 13 yards at ...

news on subscription
The Bunker Bulletinweb site
OCTOBER 28, 2005
  • PDVSA Deltaven resumes Freeport barge bunkering
    Venezuelan supplier announcing a return to supply operations in the Bahamas following hurricane Wilma.
  • Outlook uncertain for 1.5% bunker fuel availability
    Refiners predicting availability shortfall and $60 price premium as low-sulphur restrictions are mooted in North America.
  • MMM records Q4 loss, full year profits down
    Bunker prices largely to blame for disappointing results.
  • St. Petersburg bunker bonanza over?
    On the surface it looks like below $200 fuel oil is already history.
  • MPA introduces SMS applications for STS bunker operations
    Singapore's Maritime and Port Authority says updated regulations will help expedite STS approvals.
  • Vopak announces continued 2005 profit gains
    Global terminal giant saw Q3 results positively influenced by hurricane disruptions to US oil industry.
  • Additives: Lubrizol posts strong Q3 and 9 month results
    Lubricant and fuel additives manufacturer Lubrizol suffered less from hurricane Rita than competitor, benefiting the firm.
  • Rotterdam, Antwerp markets a little up with crude
  • Hong Kong: 180 cst market tight, suppliers cautious
    Suppliers not keen to offer 180 cst as supplies begin to run low.
  • Cold winter forecast drives up oil prices
    Oil prices rose on Thursday following forecasts of cold winter in the US Northeast.
  • ExxonMobil, Shell record new record profits
    As news of new scale of oil major profits filters through political corridors, US Congress Republicans call for new controls on cash-flush oil companies.




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