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

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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

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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

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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.

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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

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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 ...

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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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