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| DECEMBER 1, 2006 |
Shipping News
- Shipowners want better info on regional piracy
ASIAN shipowners have called for transparent and updated information on pirate attacks in the region as they voiced their support for the latest anti-piracy effort which saw the launch of the Information Sharing Centre on Wednesday.
- Asian logistics players network for solutions
LOGISTICS and supply-chain managers are facing a tough challenge with the rise of outsourcing to Asia, especially in the high tech sector, but it is Asian businesses which are coming up with the solutions, panel members at a Supply Chain Asia Forum said recently.
- 16 shipping lines raise cargo rates
AP Moeller Maersk A/S, Mediterranean Shipping Co and 14 other shipping lines plan to raise their rates for moving cargo to Europe from Asia as global demand expands.
Admiralty Casebook
- Report calls for proper pilotage training
PILOTAGE practices in relatively remote ports in South Australia came under the spotlight in a recent report following an investigation into the grounding of a vessel from which the pilot had disembarked before he effectively completed the pilotage.
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| DECEMBER 1, 2006 |
- Yangtze River freight traffic reaches nearly one billion tons
- Kuehne + Nagel to provide supply chain solutions for Grundfos worldwide
- AP Moller-Maersk names latest 11,000-TEU newbuild
- Le Havre and Shanghai become twin port cities
- GAC to open Thai DC in mid-2007 for 3PL business
- ICTSI signs concession to operate box terminal in Syria
- INMEX Malaysia 2007 to be held in KL
- Malaysia Airlines reports US$66.2m profit in Q3
- CCN joins IATA's e-freight programme as preferred partner
- Emirates SkyCargo named best air cargo carrier
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| DECEMBER 1, 2006 |
- Eastern Car Liner appoints Puyvast Logistics as General Agent for India
- FinMin offers to scrap retrospective clause of service tax for shipping cos
- US duty sops to gems & jewellery imports may end
- 80 pc rise in export of black pepper to US
- Wheat imports touch 32 lakh t.
- Maharashtra govt invites EoIs to build 3 ports on BOT basis
- Kulpi port promoters may approve DPR on December 18
- 21 private projects in Major Ports approved, says Baalu
- Planners finalising revised pre-qualification norms for infrastructure projects
- Economy sets scorching 9.2 pc growth rate in Q2
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| NOVEMBER 30, 2006 |
- Ozburn-Hessey Logistics names Barthco CEO
- IMCL restores Poland-Netherlands service
- Austrian Cargo and UIA upgrade Vienna-Kiev cargo services
- Elvis: forwarding association founded in Germany
- Globe Express Services expands to Japan
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| NOVEMBER 30, 2006 |
- Swedish Club/Skuld merger off
- GL complains to IACS over BV
- Asian owners split on distillate fuel
- No relief likely on P&I costs
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| NOVEMBER 30, 2006 |
- Heerema plans $1 billion crane ship
- RXT charters second newbuild seismic vessel
- USCG suspends operations of converted cutters
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| NOVEMBER 30, 2006 |
- Canadian port directors Ok report looking to combine efforts
- Steel imports into US drop during month of October
- Port of Seattle noise office moving to Sea-Tac Airport
- Whatcom Waterway cleanup hearings pushed back due to bad weather
- Corps of Engineers reviewing Kalama project
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| DECEMBER 1, 2006 |
- Navios taps US bond market for $300m
Navios Maritime Holdings, the Angeliki Frangou-led dry bulk shipping and logistics company, has revealed plans to raise $300m from a bond issue in the US.
- BV accused of ‘serious breach’ of industry ethics by Germanischer Lloyd
GERMAN classification society Germanischer Lloyd has accused its French rival Bureau Veritas of a "serious breach" of industry ethics over its hostile takeover bid, writes Julian Bray.
- Heerema’s $1bn crane vessel will the surpass world’s largest
Heerema Marine Contractors has announced a staggering investment of $1bn for the construction of a new crane vessel, one of the largest investments ever in a single ship, writes Helen Hill.
- Britain leads crew fatigue fight
ONE in four seafarers admits having fallen asleep on watch, according to a British academic study that has been six years in the making.
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| NOVEMBER 30, 2006 |
- ITF, Norfolkline in back-pay talks
TALKS are underway between the Irish ITF inspector, operator Norfolkline and ADG Ship Management over a $200,000 claim for back-pay
- Spain probes ferry collision
SPAIN'S merchant marine authority, La Marina Mercante, has launched an enquiry into a collision between two ferries in which five passengers were injured
- Madrid under pressure over Prestige
THE Spanish government is under renewed pressure to launch an inspection of the wreck of the tanker Prestige, which has been leaking fuel oil since July
- Western India draws foreign interest
Western India Shipyard, which was put up for sale by institutional lenders, has attracted more than 20 prospective buyers, including at least 10 foreign shipyards
- Study makes fatigue recommendations
EXCESSIVE working hours continues to be a problem for the shipping industry, a major research study has concluded, but there is no simple solution
- Jamaica strengthens RCCL ties
- Skuld-Swedish Club merger is off
- Rickmers' plea may help Schroeder
- Profit warning from Maersk Line
- Panama Canal costs worry users
- Shares of Top Tankers plunge
- Supertyphoon heads for Philippines
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| NOVEMBER 30, 2006 |
- Maersk expects $600 million loss
Parent of world's largest container shipping line expects profits to tumble in 2006 due to falling freight rates and rising fuel bills.
- U.S. signs trade development deal with Lebanon
- Horizon Lines adds to board
- Slow growth in air freight
- DHL hikes U.S. rates 3.9%
- Maersk in charter-back deal
- Rail volumes decline
- FMC rejects NVO settlement
- Descartes buys boost revenue
- India state plans five ports
- Intermarine adds heavy-lift ship
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| NOVEMBER 30, 2006 |
- Cargo diverted from Greece as dockers fight privatisation plans
Plans to offer 30-year concessions at Greek ports have been met with opposition from dockers who have introduced a three-week overtime ban, reports Reuters.
- South Korean truckers threaten strike over wage demands
South Korea's trucker union is threatening a strike tomorrow for higher wages.
- DPW pulls out of Gwadar Port development project
- IBM foresees more M&A in container shipping
- APMM reducing box business losses, though conditions remain negative
- Low rates in China-Japan trades no barrier as TS Line launches services in bid to cut box costs
- OOCL expects reefer rates to stabilise
- Chittagong terminal resumes operations after 17-day stalemate
- Canadian West Coast ports move closer to merger
- Hamburg raises harbour dues 2%
- Box toll will pay for Portonave road link
- New "panamax" ships could be 14,000 teu
- Classification society: bad weather the best trial for twistlocks
- Bosphorus navigation resumed
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| NOVEMBER 30, 2006 |
- Top stops the bleeding
Shares of Evangelos Pistiolis-led company manage modest recovery as optimists, bargain hunters emerge day after 14% meltdown.
- OSM wins Nordcapital business
Norwegian shipmanager sets up join venture with German owner to manage its supply ships, with tankers and gas carriers to come.
- B+H reaps $25m
Mike Hudner's public company completes Europe-centered private placement for unsecured bond loan expected to fuel tanker buys.
- Vultures eye Top
Yesterday's shock announcement by the US-listed tanker owner brings out the personal injury lawyers.
- Nepline in the red
Malaysian tanker owner Nepline’s losses widen in first nine months on lower revenues.
- Skuld jilted again
Swedish Club abandons Norwegian P&I partner at the altar for the third time.
- Bonds back in fashion
Angeliki Frangou's Navios Maritime is the latest to tap capital markets for debt not equity.
- Maersk heads for huge loss
Danish giant says lower rates could result in $600m deficit for containership operations this year.
- Minoan misses sale cash
Lack of disposal income main difference in third quarter but vessel sale to Moby set to boost full-year result.
- HUBLine hurting
Malaysian boxship operation watches profit and revenue slip in year to 30 September.
- MOL offers relief
Japanese shipowner puts hand in pocket for UN refugees body – and carries boxes of supplies for free.
- Stora Enso sells out
Paper producer offloads crucial 5% stake in Finnish ro-ro owner Finnlines, but not to hostile bidder Grimaldi.
- Sado happier
Return to profit in third quarter at Japanese ferry owner Sado Steam Ship but full-year picture looks bleak.
- Profits up at BC ferries
Canadian ferry operator enjoys 12.5% increase in second quarter net income compared to 2005.
- CMA CGM adds tonnage
French liner company is adding a seventh ship to its Panama Direct service to and from Europe.
- Maersk cuts capacity
Container giant to cancel two transpacific loops in a move that will reduce capacity by 10%.
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| NOVEMBER 30, 2006 |
- A.P. Moller-Maersk expects loss from container shipping in 2006
- CMA CGM to add Boston to transatlantic loop
- Maersk, Danaos in $130 million sale, lease-back of 4,814-TEU ships
- OOCL christens ship for China/Australia service
- OSG completes Maritrans acquisition
- DFDS’s profit surges 86%
- Intermarine takes delivery of second new ship
- Swedish Club, Skuld end merger talks
- CCN joins IATA’s e-freight preferred partner scheme
- DHL to streamline cross-border service in North America
- CN sets C$1.6 billion capital budget for 2007
- Owner Operators blast toll road privatization
- Panalpina names Hellmann’s Weyeneth North America CEO
- Customs targets terminals for unauthorized cargo discharges
- FMC says Charleston port complaint should be heard
- Contracts administrator Ryan leaves Seattle for Tacoma
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| NOVEMBER 30, 2006 |
- No merger between Swedish Club and Skuld
P&I clubs The Swedish Club and Norwegian Skuld will not merge. "A proposed integration of The Swedish Club and ...
- Mærsk sells more container ships
A.P. Møller-Mærsk has sold another three container carriers in order to transfer their Danish crew to new ships under ...
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| NOVEMBER 30, 2006 |
- US bunker prices surge
Bullish energy markets driving numbers higher.
- Japan's bunker sales drop almost 27% year-on-year
Japanese bunker sales have fallen below last year's totals for the third month running.
- Suez Canal Authority wants more tanker traffic
Egypt is to spend over $5 billion to widen and deepen the waterway.
- 16 liners to raise Europe-Asia rates, BAFs fall
Liners representing 60% of trade on the route announce increase in container rates, but drop in Bunker Adjustment Factor on European routes.
- Maersk's container business facing $600 million loss
Shipping group's bunker costs up 35% per metric tonne, compared with last year.
- ARA market firm after crude gains
- IMO chief will not pre-empt decisions in IFO/distillate debate
UN body not supporting any particular proposal at this stage.
- Singapore: Stocks of residual fuels down, middle distillates up
Middle distillate stocks at a five-week high.
- Chemoil outlines storage capacity plans in Singapore, Fujairah
Options include leasing from Helios Terminal and deploying floating storages for the short-term.
- US crude at $60 is a fair price, OPEC says
Some OPEC members have raised the possibility of an output cut in December.
- Singapore spot demand stays flat
Daily spot enquiry volumes below average in quiet market.
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