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| JUNE 1, 2006 |
Shipping News
- Keppel O&M plans capacity expansion
TO cope with surging oil rig orders, Keppel Offshore & Marine is expanding its rig building capacity in Singapore and plans to develop a new yard in Jurong, along with some of its other locations.
- Keppel Shipyard wins $96m conversion job
KEPPEL Shipyard Ltd has secured the conversion of an oil tanker to a floating production storage offloading facility from Maersk Contractors for approximately $96 million.
- Toll bets on Asian growth after US$5b spending spree
TOLL Holdings chief executive officer Paul Little says booming demand for freight will support his US$5 billion spending spree to build a road, rail, air and sea transport network linking Asia's five biggest economies.
- Freight rates range-bound, seeking direction
- China and Taiwan to expand ferry service
- Qatar Gas orders 10 LNG tankers worth US$3.2b
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| JUNE 1, 2006 |
- Dongnama launches China-Korea service
- Sinotrans unveils PRD investment plan
- APL's volumes rise 5pc YTD, freight rates down 2pc
- AADA to raise rates from July 1
- Shin Yang offers reduced transit times from west-east Malaysia
- China boxes piling up in US
- Mega merger of Chinese cargo carriers up in the air
- Sky-high oil prices force Cathay to implement cost cutting measures
- AA names Arthur Pappas as O'Hare hub VP
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| JUNE 1, 2006 |
- DP World establishes integrated global management structure
- GE Shipping delivers vessel to buyers
- IPBCC to implement rate restoration on Westbound shipments
- m. v. Zim Mumbai makes maiden call at JNP’s GTI as part of IDX service to US East Coast
- Mark Fernandes stays at helm of IMC’s Shipping & Aviation panel
- India, US draw up action plan to boost trade
- Textile exports to US post 18 pc growth in March
- Need for contingency plan to tackle increasing pendency of ICD (import) boxes at JNP stressed
- Rani Jadhav given addl charge of heading JNPT temporarily
- Stone to be laid for 2 rail freight corridors in June
- CM to play proactive role in bringing Nagpur cargo hub to fruition
- CII promotes 10 PPP projects in southern states
- India, Japan exchange notes on tax treaty
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| MAY 31, 2006 |
- LXE appoints new country manager for Germany
- New Emirates Asia-US Gulf service
- Austrian AUA enhances services to Russia
- Ambrogio expands swap body fleet
- M&M Asia Pacific Logistic Center to open in China
- European common aviation area set to grow
- Via Mat launches revamped website
- Fresh Opportunities Congress 2006 in Munich
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| MAY 31, 2006 |
- P&I tells ships’ officers to be assertive with PSC inspectors
- US port worker ID scheme starts to take shape
- Hamworthy’s US$28m order
- Siba opens in Genoa
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| MAY 31, 2006 |
- MARAD sells two ships for scrap
- Yantai-Raffles names new CEO
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| MAY 31, 2006 |
- House votes $15 million for Columbia Channel project
- New shiphandling simulator open at Hamburg training center
- Choice of summer concerts available at Seattle ferry terminal
- Corps taps LaDouceur as operations manager for dams
- Coast Guard seeking out volunteers for action network
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| JUNE 1, 2006 |
- Qatar ups stakes with 10-ship LNG order
Ten liquefied natural gas carriers are being ordered by Qatar Gas Transport Co, bringing the company’s spending in this sector to about $5bn in the last two months.
- MOL confirms that $5.3bn expansion of bulk carrier fleet is under way
MITSUI OSK Lines confirmed plans yesterday to add 43 bulk carriers to its fleet at a cost of $5.3bn, writes Keith Wallis in Hong Kong.
- Cosco double hull strategy bags $114m in tanker conversions
COSCO Shipyard Group is continuing to score with its targeting of single to double hull tanker conversions, winning eight more as part of new orders worth $114m announced yesterday, writes Marcus Hand in Kuala Lumpur.
- US Shipping’s $132m double barge deal
US SHIPPING Partners has revved up its fleet expansion with orders for two more 160,000 barrel articulated tug barge units collectively worth $132m, and a $20m settlement on the completion of another unit.
- Bug forces early end to cruise
Around 200 passengers aboard the Sea Princess cruiseship have been struck down with a vomiting virus, forcing their seven-day cruise to end a day early, according to the BBC.
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| MAY 31, 2006 |
- Chavez expands Latin clout
VENEZUELA’S PDVSA is swiftly broadening its regional reach as ties between multinationals and other South American governments continue to erode – a trend that is being partially fuelled by Venezuelan president Hugo Chavez’s alluring leftist rhetoric
- Sea Princess hit by viral infection
TWO hundred and thirty of the 2,263 passengers and 863 crew onboard Princess Cruises' Sea Princess are reported to have been hit by gastroentiritis
- EC approves SNCM privatisation
THE European Commission says it has no objections to the privatisation of French ferry operator SNCM, but it has not yet decided on the restructure plan
- Portland deficiencies were corrected
THE 3,000-dwt general cargo ship Portland, which sank on Monday off the Canary Island of Tenerife, was detained in April but sailed after deficiencies were rectified
- Mercosur seeks Uruguay intention
BRAZILIAN president Lula has been asked to ask Uruguayan president Tabare Vasquez about his intentions to withdraw from the Mercosur trading bloc
- EC begins ports policy review
THE European Commission’s new ports policy review will begin tomorrow in Stockholm at the start of what is likely to prove a long round of consultations
- Korea to launch port efficiency drive
- Dry market softens but still robust
- Migrant Watch: US/Caribbean
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| MAY 31, 2006 |
- Lines shift more calls from Rotterdam
Grand Alliance moves ATX and PAX calls to Amsterdam's Ceres terminal (left), amid systems issues at the Port of Rotterdam.
- Intermodal volume up 6.3%
- Trade deal for U.S., Vietnam
- Panama Canal makes new slot auction permanent
- Mobile channel reopens
- Massport chief resigns
- Deutsche Post confirms outlook for 2006
- MOL plans bulker expansion
- IPO for Paris airport
- Shipowners urged to better manage ship inspections
- GeoLogistics tabs Nor-Cargo
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| MAY 31, 2006 |
- Noumea port blockade ends, but not for all
New Caledonian unions have ended their 10-day blockade of the port of Noumea, allowing badly-needed imports to clear the wharves – but the dispute-prompting MSC Caledonien remains unworked.
- Space: the final frontier, at Hamburg
Hamburg is looking to solve its space issues with a two-pronged strategy using feeders more efficiently and the automation of its Burchardkai terminal.
- Holidaying Europe puts charter market on hold
- ECT and truckers agree on smaller 'damages'
- Terminal: dredging needed to fulfill Indonesia government direct calls policy
- Massport to go for dredge advantage in Boston
- East-west Aust rail link restored after derailment
- Japanese consultant for Bangladesh deepwater port
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| MAY 31, 2006 |
- Such a steel
Scrap prices are so high that even the US Maritime Administration can make money off disposals.
- Chandris out at RCCL
Long time director of Royal Caribbean will not continue on board after expiration of his term last week.
- QGTC signs LNG orders
Qatar giant puts name to shipbuilding and time-charter contracts for vessels to serve Qatargas-3 project.
- Maersk, MSC in Noumea spat
Shipping giants embroiled in 10-day blockade aimed at protecting regional shipping interests.
- Halim Mazmin hits reverse
Malaysian owner posts first quarter loss after scheduled drydockings cut revenues.
- Nepline in the red
Lost revenue from vessel sales blamed for first-quarter deficit for Malaysian tanker owner.
- Setback for Ofer
Sammy Ofer’s boxship-owning Israel Corp endures tough start as first quarter profit plunges.
- PDZ pushed lower
Lower cargo volumes chop intra-Asian boxship player’s nine-month profits.
- One missing as bulker hits rocks
Indian Coast Guard rescues 20 other crew from grounded Mercator Lines-chartered panamax.
- MOL in huge charter deal
Majority of 43 bulkers on order in Japan to be taken on 15-year charters by Mitsui OSK Lines.
- Vessel sinks in Romania
Earlier collision with Turkish tanker blamed for sinking of general cargo vessel in Constanta port.
- Cosco Corp counts cash
Orders continue to stack up at Cosco Corp (Singapore) with 12 new contracts netting almost $115m.
- Garware goes back
Third supply ship contract inked at Havyard Leirvik in Norway by Indian owner.
- Ferry link for Taiwan
New service to be launched from Kinmen island to China’s Fujian province.
- Profit up at Piraeus
Weaker sales figures fail to dampen first quarter profit at Piraeus Port Authority.
- Varna parent suffers
Bulgarian shipyard’s owner Industrial Holding Bulgaria sees first quarter profit slashed.
- Orey, Orey!
Profit up at Portuguese broker and agent Orey as acquisitions start to perform.
- Spot of bother for Lasco
Latvian products tanker owner sees first quarter profits decline as tanker and reefer rates fall.
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| MAY 31, 2006 |
- ACL's net income jumps 248% in 2005
- MOL to build 43 iron ore carriers
- Panama Canal makes booking slot auction permanent
- Butler new export sales manager for China Shipping
- Colography: U.S. air exports shipments, revenue best ever in 2005
- Atlas Air Worldwide Holdings to start trading on Nasdaq
- Cathay to start Hong Kong/Chennai cargo flights
- BA World Cargo makes commercial management appointments
- Bush replaces Snow at Treasury
- Phillips hands service parts logistics to UPS
- DHL signs exclusive contract with Johnson Controls
- Thompson new CEO at GlobalServe
- Kaine in Canada to encourage exports
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| MAY 31, 2006 |
- Port tests scrubbing at berths
Terminal operator and Long Beach port authority testing new dockside scrubbers, predicting advantages over cold ironing.
- Argentina avails 'improving'
Strong demand and some resupply issues keeping avails tight until next week.
- New US Gulf fuel oil contract to go live
Maritime exchange adds US Gulf fuel oil futures to existing portfolio of bunker fuel contracts.
- Scrubbers of limited use in Baltic SECA
Reduced scrubber efficiency for SOx reduction in the Baltic "a fact of nature", but PM reduction not affected says scrubber manufacturer.
- Petroplus gets go-ahead for acquisition
Dutch holding company expands reach in ARA region after acquisition gains regulatory approval.
- Rising crude gives Rotterdam momentum
- Singapore supplier takes delivery of double-hulled barge
Newly built 6,500 dwt double-hulled bunker tanker arrived in the port of Singapore on Sunday.
- Japan: Strong bunker fuel avails, demand weak
Bunker fuel supplies into the bonded market are expected to be strong in the month of June.
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