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07 April 2020 The on-line newspaper devoted to the world of transports 05:48 GMT+2

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The Business Timesweb site
MARCH 3, 2006
Shipping News
  • Panama delegation invites investment by S'pore businesses
    SEMBCORP Marine, the Singapore Cruise Centre and PSA International are among the local companies tipped to tap business opportunities in Panama as a visiting trade delegation highlighted six key investment areas to the Singapore business community.
  • Judge decides not to intervene in Dubai ports transaction
    A US judge said on Wednesday that it was premature to order the Bush administration to disclose parts of a security probe into an Arab port operator, but said he may change his mind if a new 45-day review gives the firm the green light to manage terminals at key US ports.
  • KepFels wins US$177m deal to upgrade drilling rig
    KEPPEL Fels Ltd, the world's leading rig builder, has won a US$177 million contract to upgrade and extend the life of a semi-submersible drilling rig for Blackford Dolphin Pte Ltd, which is wholly owned by Norway's Fred.Olsen Energy ASA.
  • Shanghai Int'l Port's container volume rises 12% in Feb
  • Toll to revamp hostile bid for Patrick
Admiralty Casebook
  • Claim against S'pore-flag ship ordered to be heard in India
    THE Supreme Court of India recently ordered an admiralty claim made against a Singapore-flag vessel almost six years ago, to be heard in the Calcutta High Court although the relevant bills of lading contained an exclusive jurisdiction clause in favour of Singapore courts.

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Sched Netweb site
MARCH 3, 2006
  • `K' Line, MOL to offer Asia-Mexico/W Coast S America service
  • Cargo train services in S Korea disrupted by rail strike
  • Australian PM backs DP World takeover of P&O
  • MISC Q3 results weaker than year-to-date performance
  • ESC fears EC proposal to secure freight transport may be too costly
  • MSC signs 10-year commitment with Virginia Port Authority
  • Overnite to be rebranded as UPS Freight
  • SAS Cargo profits reach new high
  • United reaches preliminary deal with engineers after lengthy talks
  • Dulles to receive US$200m for 4th runway

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Exim Indiaweb site
MARCH 3, 2006
  • Move to set up maritime academy welcomed
  • WCA President honoured in China ahead of regional conference
  • IGLN gains in strength at first annual conference
  • SCI seeks permission to acquire 28 new vessels
  • Plethora of taxes sinks benefits of tonnage tax regime for shipping cos
  • Exporters poised to get refund on input service tax
  • RBI to ease norms for gold imports by banks
  • Vegetable oil base import tariff hiked
  • Vizag Port races past 2004-05 record handling figure
  • Centre keen on deep draught port in Bengal
  • KPT Chairman inaugurates new godowns to augment storage capacity
  • GTI to hold presentation for CFS operators on Sat.
  • AIAI hails freight corridor plan in Rail Budget
  • LIVE, Dept of Commerce and Indev Group organise inter-collegiate symposium
  • AMTOI's 2nd annual day celebrations today
  • An interesting legal case study
  • Andhra Pradesh govt plans SEZs in strategic areas
  • Welcome Mr Bush, says AIAI
  • India-CIS pharma meet on March 3-5

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International Transport Journalweb site
MARCH 2, 2006
  • Phillip C. Allen named Port Everglades director
  • DHL takes market lead in Startday and Midday Express services
  • Germany: Kombiverkehr increases capacities
  • Frans Maas reaches agreement with DFDS Transport/DSV

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Maritime Global Netweb site
MARCH 2, 2006
  • Horizon Lines boss says DP World poses "no unusual risk"
  • Master remanded in custody
  • APL strengthens Vietnam service
  • Imarex and NOS sign up new members
  • FEFC pushes ahead with rate increases
  • Indonesian fraud hits buyers

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World Wide Shipperweb site
MARCH 2, 2006
  • Corps schedules closure of Columbia River locks
  • Mitsui teams with "K" Line for new Asia-Mexico/SAmerica run
  • Portland Shipping Club Pizza Night March 23
  • NOL sees good result in full year 2005 numbers
  • NCL posts gains for 2005 net income

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Lloyd's Listweb site
MARCH 3, 2006
  • Hurdles remain after two judges back P&O takeover
    JUDGES in Britain and the US yesterday effectively cleared the way for the £3.9bn ($7.4bn) takeover of P&O by Dubai Ports World.
  • Boycott furore hits DP World
    THE Dubai Ports World bid for P&O has caused further political controversy in the US after an Israeli newspaper reported that the company supports an Arab boycott against Israel, writes David Osler .
  • Clues sought on Morse exit
    SIMON Morse's sudden departure from Inchcape Shipping Services, exactly one month after a change of ownership, followed a fundamental disagreement over the future direction of the marine services company.
  • TEN jumps to ice class No 1 with $530m fleet deal
    TSAKOS Energy Navigation has clinched a deal with Western Petroleum Group to acquire the Bahamas oil trader's brand new fleet of nine product tankers.
  • He calls for China shipyard support
    BOARD chairman of China's Bohai Shipbuilding Heavy Industry Co, He Rongguan, has hit out at the country's lack of shipbuilding support facilities, writes Mike Grinter in Hong Kong.

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Fairplayweb site
MARCH 2, 2006
  • Judge approves P&O takeover
    DUBAI Ports World's takeover of P&O has been approved by a High Court judge in London
  • No bunker crisis, stresses MPA
    SINGAPORE'S Maritime and Port Authority has countered media reports suggesting that the Republic's bunkering industry is going through a crisis
  • 'Dubai hysteria' hits Washington
    AN avalanche of legislation fell on the US Congress yesterday in response to what some Washington insiders are calling "Dubai Hysteria"
  • Birka sees brighter future ahead
    TOUGH trading conditions will continue in the short cruise market in Sweden but the worst should be over, says the board of Finnish operator Birka Line
  • Imarex reveals growing value
    THE Oslo-based shipping derivatives exchange Imarex has announced a boost in the value of contracts traded
  • US gasoline importers gambling
  • TEN confirms en-bloc buy
  • Bulker rams jetty at Maputo
  • Carnival ships leave New Orleans
  • TUI scales back CP Ships' IT team
  • Tariff boost for Italian ferry lines
  • DFDS strengthens Lithuania service
  • London court upholds Chase ruling
  • Hamburg Süd swallows Ybarra
  • Bourbon funds massive expansion

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The Journal of Commerceweb site
MARCH 2, 2006
  • Bill would block DP World's buy of P&O, require 100% screening of cargo
    No fewer than 11 U.S. bills and resolutions have been introduced in the wake of DP World's takeover of P&O's operations at U.S. ports.
  • Zim chairman backs ports deal
  • Singapore plans to double port capacity
  • UK judge OKs DP World deal
  • DP World "no unusual risk": Raymond
  • DP World volume up 19%
  • No need to make C-TPAT mandatory: Spero
  • APL adds first Savannah call
  • One dead in Mobile crane mishap

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Containerisation Internationalweb site
MARCH 2, 2006
  • Update2:High Court rules for DPW, while conflict of opinion continues in US
    DP World's bid for P&O was approved this afternoon in a much-delayed High Court hearing, though US-based Eller & Co, which had asked the court to block the deal, has indicated it will try to appeal.
  • Toll eyes expansion, with 'an Asian logistics group' in sight
    Toll Holdings MD Paul Little expects to announce an acquisition of 'an Asian logistics group' before the end of March, in a transaction believed to be worth over A$1bn (US$0.74bn).
  • Hong Kong truckers challenge OnePort's 100% e-receipt plan
    Hong Kong truckers have once again rejected a bid to 'switch off' paper terminal receipts, which Hong Kong's sole electronic logistic platform operator OnePort had hoped to do in April.
  • Port of Virginia binds in shipping deals to secure its bonds
  • Dongnama and SYMS confirm three new intra-Asia services
  • HMM and Heung-A to co-operate on China-India service
  • Indian railway to send team to study US box-rail technology

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TradeWindsweb site
MARCH 2, 2006
  • Bugbee's big buy
    OMI president Robert Bugbee opens his checkbook for $4m buy of his company's shares.
  • Death shadows Zim Mexico
    One dead in freak crane accident that seriously damages a Mobile, Alabama terminal and a boxship involved in death of five seafarers one year ago.
  • Polembros plight explained
    Greek owner claims bank fraud deprived it of funds to modernise elderly fleet.
  • UK Court backs DPW
    London High Court judge is not persuaded by job-loss claims from Miami terminal operator in P&O takeover deal.
  • TEN buys nine
    Swiss oil trader Western Petroleum makes huge profit as it sells entire ice class tanker fleet to Tsakos for $530m.
  • SCI shopping list revealed
    India's shipping minister provides costed breakdown of 28-ship acquisition programme.
  • Third record year for TEN
    Tsakos' quoted tanker venture posts higher profit despite softer freight market.
  • Orey in cash dash
    Portuguese broker and agent to sell shares and issue debt to pay for yet more expansion.
  • DFDS eyes Iberia
    Danish ro-ro owner starts joint service with Vapores Suardiaz Norte to build Spanish and Portuguese business.
  • Spliethoff in OWS hit
    Dutch firm latest in long line of owners to be caught in crackdown on oily-water separators.
  • Suez signs with Brass
    Energy trader wraps up its new West Africa purchase with greenfield project and may use regasification vessels to lift cargoes.
  • FEFC gambles on rate rise
    Asia-Europe conference decides over-tonnaged market can now bear price increases.
  • Dohle fixes to Emirates Line
    Ex-Norasia chief's venture will take two ships from the German owner for new India-US line.
  • Canada holds lone failure
    Just one vessel failed port state safety checks during January.
  • Players up, business down
    Freight trading portal Imarex sees membership rise but this is not matched by trades.
  • Target infidel's tankers!
    Al Qaeda ideologue advocates terrorist attacks on shipping and pipelines but preserving oil wells.
  • DFDS adds capacity in Baltic
    Denmark owner's Lisco Baltic unit snaps up Stena ro-pax to boost Lithuania to Germany route.
  • Chiquita chops Great White job
    Us-listed banana giant cuts costs by spreading responsibilities for reefer fleet.
  • New breed of entrepreneur
    Banker says Chinese owners may have evolved away from traditional style of speculation and asset play.
  • APL beefs up Vietnam links
    NOL container line starts route between Haiphong and Kong Kong/China next week.
  • Daewoo inks drillship
    South Korean shipbuilder seals $470m newbuilding deal on back of five-year charter to Chevron.
  • Owners left empty-handed
    India's budget disappoints shipping companies as ship management brought into tax net.
  • CSAV rues fuel costs
    Chilean boxship company's annual profit chopped by lower freight rates and more expensive bunkers.

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American Shipperweb site
MARCH 2, 2006
  • FMC chairman highlights improved shipping conditions in China
  • APL joins transatlantic leg of Maersk, CP Ships pendulum loop
  • China Shipping to charter at least four 2,500-TEU ships from Seaspan
  • Record year for SAS Cargo
  • Continental Airlines' cargo down 2.1% in February
  • St. Lawrence Seaway budget would include new tolls
  • Interest groups note caution about EC's supply chain security proposal
  • Bush administration presents annual trade report
  • RedPrairie buys MARC Global
  • Eller & Co. makes Buy-American play for P&O
  • Baltimore awards contracts for Dundalk repairs

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The Scandinavian Shipping Gazetteweb site
MARCH 2, 2006
  • 2005 a good year for Cityvarvet
    The ship repair yard Götaverken Cityvarvet in Göteborg had a good 2005. Turnover rose from SEK 160 million in 2004 ...
  • Larvik ready for new Color Line vessel
    Port of Larvik is on schedule to meet the challenge of Color Line Superspeed, the new fast ropax service between ...
  • Wärtsilä expanding in the Baltic states
    Wärtsilä will expand its co-operation with the BLRT Grupp of Estonia by setting up a second joint venture to ...

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The Bunker Bulletinweb site
MARCH 2, 2006
  • Ferry operator pares third quarter losses
    Despite the introduction of fuel surcharges, deferred fuel costs increase. Third quarter losses meanwhile are significantly reduced over last year.
  • Lower dockage rates for green-friendly ships
    Long Beach approves $2.2 million reduction in fees for compliant vessels.
  • Brazilian avails tighten
    Major supplier reporting product shortages in key ports, although main port of Santos improving.
  • Denmark: O.W. Bunker announces new sales manager
  • Chilean suppliers plan expansion, cautiously
    Bunker firms in Chile looking to shake off supply woes and reap benefit from expanding trade.
  • Owners fear limited options to comply with SECA requirements
    O.W. Bunker MARPOL seminar reveals that owners have major concerns about LSFO availability, with many considering other ways to comply with sulphur limits.
  • Singapore: Fall in stocks of residual fuels and distillates
  • Singapore: Strong buying interest by BP lifts bunker prices
    Premium for physical cargoes of 180 cst bunker fuel doubled on Wednesday.
  • Saudi Aramco targets higher refinery and crude output
    Planned increase in refining production by 2011 would require heavy investment.
  • Cargoes destined for Singapore or Middle East bunker market
    Traders say Jordanian fuel oil cargoes could find their way to Singapore or Middle East bunker markets following tender.

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