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07 April 2020 The on-line newspaper devoted to the world of transports 06:22 GMT+2

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The Business Timesweb site
MARCH 2, 2006
Shipping News
  • Panama wants PSA in US$900m container terminal project
    PANAMANIAN officials say they are hopeful of PSA International's participation in the country's US$900 million container terminal project, following the signing of a maritime education agreement yesterday between Singapore and Panama.
  • Investors meet Panama leader on funding canal project
    PANAMANIAN vice-president Ruben Arosemena met with investors on Tuesday to discuss potential funding for the expansion of the Panama Canal, which has reached maximum capacity and is too small for many of today's medium to large-sized container ships.
  • S'pore leading the world in good bunkering practices: MPA chief
    J The $7 billion Singapore bunkering industry has been leading the world in good bunker practices and much depends on the people along the bunker supply chain to maintain the integrity and standards of the industry.
  • Port deal cannot be undone, DP World tells US Congress
  • Exports boost top two China shipping firms' volume 16%

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Sched Netweb site
MARCH 2, 2006
  • APL launches Haiphong-China Express (HCX) service
  • MD cautiously optimistic there won't be overcapacity in container fleet
  • MOL to be majority shareholder of Utoc
  • NOL net profit falls in 2005
  • US long-haul trucking industry faces worst labour shortage: report
  • SCT welcomes Maersk Line maiden call
  • Continental Airlines' cargo business in India takes off
  • Dachser gung-ho about Baiyun Airport
  • Inforwarding and GF-X join forces to enhance air cargo industry

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Exim Indiaweb site
MARCH 2, 2006
  • NMIS imparts professional touch to training in commercial aspects of shipping
  • ILO adopts new labour standard for world's seafarers
  • Pak signs deal with ISEC to import 50,000 t of sugar
  • Textile exports to US rise by 25 pco
  • DP World bags Lloyd's List's 'Port Operator of the Year' Award
  • Work of dredging entire Sethu canal may be given to DCI'Baalu
  • KPT unveils quality policy to win ISO certification
  • Decks cleared for OSL to develop Gopalpur port
  • Rushmi Logistics commences operations from ICD-Sabarmati & Gujarat region
  • Western freight corridor may be used for double stack container trains
  • Central Sales Tax retention baffles industry
  • Kamal Nath to meet SEZ developers on March 4
  • Fieo workshop postponed

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Maritime Global Netweb site
MARCH 1, 2006
  • Earnings steady at Golar
  • Horizon's outlook moves up
  • ESPO welcome EC supply chain security initiative
  • Larger fleet boosts Camillo Eitzen's revenue

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Marine Logweb site
MARCH 1, 2006
  • More newbuilding at Port Weller
  • Transocean gets contract for newbuild drillship

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World Wide Shipperweb site
MARCH 1, 2006
  • Port of Vancouver, USA building new bulk storage facility
  • Trade between NAFTA partners sees gains over last year
  • West Coast Bank makes donation to Evergreen Aviation Museum
  • Port of Tacoma land set aside for wildlife
  • Standard & Poor's gives Horizon boost in ratings designation

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Lloyd's Listweb site
MARCH 2, 2006
  • SeaDrill in dispute over $25m Mosvold payment
    JOHN Fredriksen's SeaDrill is in dispute with two former directors of newly acquired Mosvold Drilling over $25m which was extracted from the company just before it took control.
  • Domestic operations underpin 20% rise in profits at PSA International
    TERMINAL operator PSA International's profits jumped 20% last year, driven by its Singapore operations.
  • China orders take Seaspan into new market
    NEW York-listed Seaspan Corp is on yet another spending spree.
  • Horizon Lines 'on lookout for boxship newbuilds'
    US CONTAINERSHIP operator Horizon Lines is reported to be in the market for newbuildings, writes Janet Porter.

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Fairplayweb site
MARCH 1, 2006
  • What to do with the drunken master?
    A Romanian master mariner was remanded in custody in the UK yesterday after pleading guilty to being four times over the legal drink drive limit while in charge of a ship
  • Migrant Watch: US/Caribbean
    A COAST Guard decision to repatriate 15 Cuban migrants who landed in January on a deserted railroad bridge in the Florida Keys has been called illegal by a federal judge
  • US LNG imports decline
    AMERICA'S LNG imports actually dropped 3% last year, to 631Bnft', according to a new report released by the US Energy Information Administration
  • Lakes cruise frustration growing
    CRUISE lines operating on the Great Lakes are increasingly frustrated by lack of consistency in passenger inspection
  • Senators hear DP World defence
  • Surging volume boosts PSA profit
  • LNG market 'in a better balance'
  • GL focuses on Asian growth
  • Migrant Watch: US/Caribbean
  • SMP starts lube price rises
  • Tanker levels forecast to weaken in 06

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The Journal of Commerceweb site
MARCH 1, 2006
  • Judge won't bar NJ P&O terminal sale
    A federal judge denied an injunction requested by New Jersey seeking additional review of the acquisition by DP World.
  • British ruling due in ports deal
  • DP World exec defends ports buy
  • Charleston gives low bridges send-off with a bang
  • Trade pact for U.S., Colombia
  • BNSF CEO to keynote JoC Trans-Pacific Maritime Conference
  • "K" Line, MOL detail Andes service
  • Seaspan signs for 2,500-TEU ships
  • S&P upgrades Horizon Lines

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Containerisation Internationalweb site
MARCH 1, 2006
  • South Korea's rail workers strike against poor conditions and lay-offs
    Throughput by South Korea's passenger/cargo railway service-provider, Korail, has plummeted from 2,620TEU/day to around 500TEU, due to industrial action by over conditions and 67 workers dismissed in a previous strike.
  • Toll's new concessions and simultaneous hearings for PN cases
    Toll Holdings has offered new concessions in its first submission to a Court case in which the Australian Competition and Consumer Commission sought to prevent it from acquiring Patrick Corporation.
  • Charter market takes it step by step
  • PSA sees net profits soar 20%, though volumes outpace revenues
  • 'We have no choice' : Indonesia's truckers threaten strike against VAT
  • US senators hear from DP World in briefing
  • Indian budget hits container industry with service tax, while Cochin slashes rates
  • Rotation of New Andes confirmed, for early April start
  • Logport's success prompts Duisburg to build another trimodal distripark
  • Russian Customs move ahead with seaport scanning complexes

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TradeWindsweb site
MARCH 1, 2006
  • $83m more to spend
    Nicor Inc has an extra $83m to spend in the US after Rick Murrell-led Tropical Shipping brought its parent $132m of undistributed foreign earnings.
  • Scandal claims port boss
    Corruption charges and Mexican presidential politics have felled the head of a growing Pacific port.
  • 'No unusual risk'
    One of the biggest US-owned shipowners is saying a Dubai acquisition of US terminals poses 'no unusual risk'.
  • Expansion? Genmar?
    Pared down US tanker owner grows for a change with the delivery of its first ever newbuilding.
  • Eidsiva ups earnings
    Norwegian car carrier and ro-ro group went from strength to strength in 2005.
  • Solvang adds fourth at HHI
    Norwegian owner signs deal for 75,000-cbm LPG carrier in Korea.
  • Last but not least
    Concordia Maritime declares a chartering "full house" after Total takes its sixth and final P-MAX tanker.
  • Wartsila moves into Lithuania
    Engine maker signs second co-operation deal with BLRT Group this time offering repair services in Klaipeda.
  • Borgestad hit by finance costs
    Norwegian bulker owner's 2005 net profit shrinks, but operational income improves.
  • Bad debts hit Jutha
    Profits fall 30% in 2005 for Thai owner as it is forced to write off unpaid receivables.
  • Master four times over limit
    UK court hears Romanian captain plead guilty to 'worst ever' drink offence after grounding cargoship.
  • RTF makes cool profit
    Higher revenues boost 2005 bottom line at Latvian reefer owner.
  • MOL, K Line sort out Andes
    Japanese box carriers reveal new South American ports of call.
  • Golar suffers depression
    Low rates and utilisation for new LNG carriers hits Oslo-listed player in pocket.
  • StealthGas fixes pair
    US-listed LPG player secures short-term employment for two ships as it takes delivery of another.
  • Seaspan splashes the cash
    Vancouver boxship player orders up to a dozen 2,500-teu ships in China in potential $534m deal.
  • Fleet additions boost Quintana
    Extra tonnage helps drive up fourth quarter results at New York-listed Greek bulker player.
  • TEN returns to Sumitomo
    New York-listed Tsakos venture lifts aframax order backlog at Japanese yard to four ships.

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American Shipperweb site
MARCH 1, 2006
  • Sanborn nomination is adrift
  • Standard & Poor's improves Horizon Lines' outlook
  • "K" Line, MOL provide details of New Andes link
  • New salvage tactic for grounded APL ship
  • Inforwarding, GF-X sign co-op deal
  • Descartes profits up 200%
  • Kincheloe joins GeoLogistics from EGL
  • Tropitransport joins United Shipping Inc.
  • DHS officials defend review of Dubai port operator
  • Lautenberg bill to help ports bust leases
  • Port Everglades commissioners examine Inchape-Dubai connections
  • PSA's net income up 20% in 2005
  • Vessel traffic slightly up in Southern California
  • Port of Virginia agrees to 10-year deal with MSC
  • Virginia January TEUs up 11%
  • Vancouver port approves copper export agreement
  • Buenger to leave Port of Hueneme

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The Scandinavian Shipping Gazetteweb site
MARCH 1, 2006
  • Concordia's sixth P-MAX long-term chartered
    Concordia Maritime has chartered out their sixth P-MAX. The ship will be delivered during the first quarter of 2008 ...
  • Lone watchkeeping a danger
    The London Club ' the mutual liability insurer ' has warned of the inherent dangers of lone watchkeepers. In the lastest issue ...
  • Tor Johan Stuve cleared by lower court
    A court in Bergen has cleared the former Tordenskjold CEO Tor Johan Stuve of all charges levelled against him and ...

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The Bunker Bulletinweb site
MARCH 1, 2006
  • Mixed reactions to tough new anti-pollution laws
    Bunker suppliers in the key Russian Black Sea port of Novorossiysk are to be hit by tough new anti-pollution laws next week.
  • DOE & API at a glance: This week's key US inventory figures
  • Vitol looks to Florida bunker market
    Oil firm assessing marine fuel supply opportunities as part of Port Canaveral terminal project.
  • Transbunker seeks to raise $125 million from CLNs
    Transbunker Group, which is keen to continue its expansion, is looking to raise money from investors.
  • MPA sets the record straight
    Chief executive of MPA believes in regulating with 'light touch' and reveals new Bunkering 101 placards to assist shipboard personnel during the inauguration of Viswa Lab Singapore.
  • New fuel conditioner launched for low sulphur fuels
    Developer says product provides added lubrication, addressing issue of excessive engine part wear when burning low sulphur fuels.
  • Rotterdam barge market bids moving higher
  • Bunker costs reduce reefer business margins
    Chile's reefer business has benefited from free trade agreements, but rising bunker prices have squeezed operating margins.
  • Japan: January bunker sales up 30.4% on year
    Bunker fuel sales to ocean-going vessels up both on the year and month.
  • Company evaluating bids for $250 bunker terminal & tank farm
    Bunker supplier looking at bids for front end engineering and design contract for bunkering facility and tank farm valued at up to $250 million.

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