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| AUGUST 2, 2006 |
Shipping News
- GE slammed for pushing rival container security standard
GLOBAL container shipping lines have unleashed a stinging rebuke of General Electric and its partners who they claim are seeking to bypass efforts at creating a global standard for electronic container seals in a bid to promote their own product.
- Strait war-risk rating will hit economies: KL
LISTING the Malacca Strait as one of the world's most dangerous waterways will affect the economies of nations it borders and is unjustified, top Malaysian officials said yesterday Malaysia's Transport Minister Chan Kong Choy blasted the decision by influential insurer Lloyd's to list the strait as a war-risk area, a move which increases insurance premiums borne by shipping companies.
- Wilh Wilhelmsen Q2 profit falls 39%
WILH Wilhelmsen ASA, half-owner of the world's biggest operator of ships carrying vehicles, said second-quarter profit fell almost 39 per cent on rising wage and fuel costs.
- Shipping lines to hike rates on wastepaper
- Man working on recovery of Mitsui ship killed in fall
Strait Talk
- Stop the gross misuse of tonnage
TONNAGES of ships are complicated things. Journalists in the general press almost always get them wrong.
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| AUGUST 2, 2006 |
- Qingdao RTGs undergo green conversion
- Shenzhen to play host to World Shipping summit
- New Brisbane berths to boost throughput by 25pc
- GES establishes offices in Dalian, Instanbul
- Malaysian hauliers unite!
- Port of Long Beach, 'K' Line and ITS sign green accord
- Site sought for 2nd Beijing airport
- Air China IPO expected later this year
- TNT's net profit falls slightly in second quarter
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| AUGUST 2, 2006 |
- SKS (Ship) frames strategy for box shipping services to Lanka & Pak
- Global demand for floating oil production systems soaring
- DCI’s PR Manager, K. Rama Rao, calls it a day
- Maersk Line temporarily shuts offices in Beirut, Haifa
- GE Shipping posts 10 pc rise in Q1 operating profit
- Edible oils base import tariff values hiked again
- NMP stevedores kick up storm over iron ore cargo suspension
- 40,000 tonnes of imported wheat arrives at Chennai Port
- 50,000+TEUs All in a month’s work for MICT
- Vizag Port does it again!
- Postal dept to start ‘Inter-city Logistics Service’
- Food Ministry ignores CCP decision, allows mills to export sugar
- Apeda plans fund, auction centres to revive floriculture industry
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| AUGUST 1, 2006 |
- Container security row
- Nordic American buys 2 more suezmaxes
- Wilhelmsen writes down French company
- Hellespont tanker named
- Cougar Ace death
- Interferry award for Mitropoulos
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| AUGUST 1, 2006 |
- Chicago Bridge buys Texas shipyard
- PDVSA to build shipyard
- Oglebay Norton sells its last ships
- Fatality in Cougar Ace salvage effort
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| AUGUST 2, 2006 |
- OEL Vision crew battle to avoid Indian rig collision
Crew were last night in a race against time to restart the engines on an Orient Express Lines containership in the choppy seas off Mumbai High as the vessel sparked a major collision alert on an oil rig belonging to India’s Oil & Natural Gas Corp.
- Cougar Ace claims life of naval architect
THE Cougar Ace claimed its first victim under tragic circumstances when a naval architect tasked with boarding the vessel as part of a recovery team died in an accident, writes Rajesh Joshi in New York.
- Bush snubs Blair’s California environment initiative
BRITAIN and California have teamed up in a transatlantic alliance designed to combat global warming, with the state’s Republican governor Arnold Schwarzenegger and British Prime Minister Tony Blair using a BP tanker in Long Beach as the backdrop, writes Rajesh Joshi in New York.
- Logistics write-down and bunker costs hit Wilhelmsen first-half
Global Automotive Logistics’ retreat into bankruptcy protection has forced Wilh. Wilhelmsen to make a $25m writedown as it heads towards growing bunker cost exposure.
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| AUGUST 1, 2006 |
- Castro temporarily cedes power
HAVANA 01 August – Cuban president Fidel Castro has temporarily ceded control to his brother Raul for medical reasons, a development of potentially significant interest to several shipping sectors
- Ex-Celebrity captain cops plea
SACKED Celebrity Cruises captain Periklis Petridis has pleaded guilty after failing numerous alcohol breathalyser tests and being arrested at the port of Seattle
- Far East Maritime advances learning
Far East Maritime Foundation, the Philippines’ top training school, has inaugurated a new training centre to stretch its lead position in the sector
- Write-off casts shadow on Wilhelmsen record
WRITE-OFFS related to a logistics company hit 2Q06 profit at Norwegian-listed Wilh Wilhelmsen, though operating earnings reached a record high
- Venezuela clarifies US oil threat
- Tropical storm approaches Leeward Islands
- China Shipping strengthens S. Korea presence
- New scare stifles chicken exports
- GE Shipping sees profits fall
- Tianjin Port forms joint venture
- Falling box rates hit Samudera
- Cougar Ace salvor dies after fall
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| AUGUST 1, 2006 |
- LA on-dock rail heading for record year
On-dock rail volume in the first half of the year accounted for 23.5 percent of the total container volume moving through the Southern California port complex.
- Bush: Castro health crisis won’t change Cuba policy
- Pacer International net more than doubles
- HMT exemption bill filed
- Italia Marittima to upgrade USEC-Med service
- U.S. issues improving as Deutsche Post revenue grows
- Container volume up 4.5% at Port of Montreal
- Delaware's Port of Wilmington plans container upgrades
- FedEx, USPS renew pact
- Export ABCs: UPC update
- Cargo up as UAL sees first profit since 2000
- UPS pilots vote on pact
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| AUGUST 1, 2006 |
- Four bidders vie for Agulhas contract
Four companies have submitted bids to remove the wrecked ship Safmarine Agulhas South African Maritime Safety Authority principal officer in East London Peter Kroon said yesterday.
- EU directive slows HK export growth
Hong Kong's export growth has been slowed by the Restriction of Hazardous Substances Directive applied by the 25 EU members on imported electrical and electronic equipment from July 1.
- Maersk to cull NZ port roster
- Rumours predict break-up of NCC empire
- S. Korean terminals see 4.9% growth
- New Atlantic services boost Montreal box cargo
- Korea's shipbuilding exports surge 15.4%
- Sydney boxes still climbing
- Klaipeda’s second terminal opened
- Gioia Tauro terminal greets cranes
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| AUGUST 1, 2006 |
- New credit for TBS
Joe Royce-led dry-cargo owner TBS International has refinanced and expanded its credit with a new $140m credit facility.
- Oglebay sells last ships
Laurence Levy’s Rand Logistics has chartered three former Oglebay Norton ships after a $13m private placement.
- Shipping saves bottom line
Rick Murrell-led Tropical Shipping made the biggest contribution to the bottom line at parent company Nicor in the second quarter.
- Poland rejects Rotterdam
Asbestos-laden former transatlantic liner Rotterdam (built 1959) ordered out of Polish territorial waters.
- Perfect 10
SembCorp Marine of Singapore seals tenth consecutive quarterly profit increase on back of high rig demand.
- Nenaco and Aboitiz join forces
Rival Philippine ferry owners cooperate on price to compete with government’s national ro-ro and bus transport system.
- Maersk wins Aqaba port deal
Danish giant’s APM Terminals to develop and run Jordanian box facility for further 25 years.
- HSL finally makes money
Indian shipbuilder breaks into the black after years of losses, with turnover up significantly.
- Another blank for Canada
Port state officials detained no ships during June, the second time this year they have boasted a clean sheet.
- Rig escapes boxhip bash
Rough weather and power failure on a containership cause emergency evacuation of oil rig off Mumbai.
- Write-down costs WW
Norwegian car carrier player makes $25m write-down in value of part-owned French logistics firm.
- GulfMark at new high
US offshore vessel owner sets new records for second quarter and first half profit.
- Material effects
Consecutive-quarter profit sliced at Bharati Shipyard as material costs bite, but sales continue to pour in.
- Cargo still in place
Initial inspection of the Cougar Ace, marred by the death of salvor, reveals little cargo damage.
- Drunken cruise master fined
Former captain of Celebrity Cruises’ Mercury receives one year suspension and $15,000 fine.
- SK confirms VLCCs
South Korea’s largest crude oil shipper inks $250m deal for two VLCCs at compatriot yard.
- Temas takes tumble
Indonesian liner operator suffers first-half profit dip, despite revenue growth.
- Three in for Scottish ferry run
CalMac battling V.Ships and Western Ferries for new unrestricted Gourock to Dunoon service.
- Cougar Ace claims life
A member of the salvage team examining the listing MOL car carrier slips and falls to his death.
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| AUGUST 1, 2006 |
- Wilh. Wilhelmsen's 2nd-quarter income down after write-down
- Stramer, head of Zim's North American operation, dies
- CTSA announces bunker surcharges for September
- ESPMC-WITASS sets bunker surcharge rates
- "Cougar Ace" claims life of salvage expert
- Crowley names Shettig VP for East Coast, Gulf contract services
- Samskip moves Vigo, Spain office
- TNT considers sale of forwarding unit, 2nd-quarter profit flat
- Deutsche Post's profits hurt by consolidation costs
- UPS Freight president Suggs steps down
- Norfolk Southern makes operations appointments
- Canadian government seeks more industry support for U.S. lumber deal
- Kraininger rotates back to DHS
- CBP: Monthly trade payments through ACE reach $5 billion
- SEKO-Rotterdam established
- GPA surpasses 2 million TEUs
- Long Beach, "K" Line and ITS sign environmental pact in Tokyo
- Montreal reports increase in traffic
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| AUGUST 1, 2006 |
- GL tops Paris MOU list
Germanischer Lloyd keeps the top spot on the port state organisation Paris MOU’s list over classification societies’ inspection track record ...
- Engship vessels to be converted in China
Bore-owned Rederi aB Engships’ ro-ro vessels "Heralden" and "Serenaden" will be converted to car carriers by Cosco Shipyard ...
- First Finnlines ro-pax delivered
Italian Fincantieri has delivered the first in a series of five ro-pax vessels to Finnlines. The delivery is considerably ...
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| AUGUST 1, 2006 |
- Port and shipping line reaffirm green lease policy
Port of Long Beach and K-line in signing ceremony for green lease, including cold ironing.
- Blair joins California emissions fight
British prime minister announcing deal with California's governor on 'collaboration'.
- Bunkering creates a stink in Gibraltar
Gibraltar residents hope for lasting improvement after year of frequent 'disgusting smells' from bunkering operations.
- DMCC: Gasoline to follow fuel oil contract
Dubai exchange set to extend energy operations.
- ARA market firms on higher crude
- Tropical storm approaches Hainan island
Bunkering and port activities in the port of Zhanjiang may be affected later this week.
- Japan: June marine fuel sales up 13.3%
Marine fuel sales up from the previous month but marginally lower than year-ago levels.
- Titan to gain full control of oil storage project
$28.2 million to be paid in cash to acquire stakes in Fujian's oil and petrochemical storage project.
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