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| APRIL 3, 2006 |
Shipping News
- Bahrain says sunk boat not licensed for sailing
A Bahraini cruise boat that capsized off Bahrain's coast killing at least 57 people last week was not licensed to sail, an official said.
- France's new Le Havre port targets Asian containers
FRANCE's biggest container port has got even bigger with the launch of a major extension that will help Le Havre compete with Antwerp, Rotterdam and Hamburg in attracting cargo from Asia.
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| APRIL 3, 2006 |
- Xiamen's cargo throughput growth slowing down
- Ikea to spend US$120m on Shanghai distribution centre
- Xian to build largest cold storage warehouse in Shaanxi
- NCB Holdings cost cutting expected to help boost profit
- Logistics innovations necessary to face `unhealthy' competition, shipper says
- Japanese tycoon reduces stake in JAL
- Lufthansa Cargo profit rises in 2005
- Delta to amend credit facility
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| APRIL 3, 2006 |
- Evergreen, Samudera & Yangming (UK) upgrade China-Straits-India service
- Tanker glut may pull down cost of shipping crude from Middle East to Asia
- Aframax crude carrier joins GE Shipping fleet
- Moonlight shipping Services loads record 67 TEUs of alumina metals at VCT
- Target plus scheme terminated from April 1
- Govt told to stop imports of fruits, vegetables
- Exports cross $ 100-bn mark in 2005-06
- Major tea order from Pakistan
- Cabinet green signal for export of iron ore to Japan, Korea
- Coffee Board drawing up new strategy to recapture markets
- Soyameal exports touch record high levels
- Textile, apparel SEZ in Bangalore approved
- India, China sign pact on agricultural cooperation
- Iran-India gas pipeline making headway
- Another 1.5 m tonnes of wheat to be imported
- STC to export 4 lakh tonnes of sugar
- IMC signs MoU with Spain’s Extremadura
- RAK FTZ, SEZs give & take suggested
- Reliance Port & Terminals to upgrade infrastructure
- Kandla Port leaps into league of advanced ports
- Efforts under way to start goods train services to Pakistan
- KRCL gets on fast track to complete Phase-I of Palanpur-Gandhidham project
- EET to be incorporated in simplified I-T Act
- Ashok Wadhwa, Ranjit Shahani to be at helm of BCC&I
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| APRIL 3, 2006 |
- GAC appoints dedicated dry bulk development manager
- New Taiwan/Hong Kong/Ho Chi Minh express service (THX)
- Swiss WorldCargo and Lufthansa Cargo Charter cooperate
- USA: intermodal traffic still rising
- Norbert Dentressangle sees strong transport growth
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| MARCH 31, 2006 |
- Bahrain tourist boat tragedy
- Industry’s cautious green light to more sulphur curbs
- Exmar orders two more LNGRVs
- DNV in green deal with Cosco
- Lyttelton privatisation stalls
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| MARCH 31, 2006 |
- Bourbon splashes out at Bharati
- RCMP probes Queen of North Sinking
- More LNG market orders for Wartsila
- Smit adds 18 new vessels
- Many dead in Bahrain tour boat sinking
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| MARCH 31, 2006 |
- More Vegas flights in sight for Bellingham Airport
- Trade between NAFTA partners makes big jump in January
- Pair of Coast Guard members earn Enlisted Person of the Year nod
- Flood of hoax 'Mayday' calls hit Yaquina Bay Coast Guard station
- US rail freight count up and down for week
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| APRIL 3, 2006 |
- Capsized dhow 'not licensed to sail'
THE DHOW which capsized off Bahrain with the loss of at least 58 lives was not licensed to sail as a pleasure cruiser, officials have said.
- Founder’s grandson in Wallem takeover
Wallem, one of the world’s largest shipmanagement and ship services groups, has been taken over by a joint venture that involves Tom Steckmest, the great-grandson of Wallem founder Haakon Wallem.
- Over 50 die after dhow capsizes in calm waters
AT LEAST 57 people died after a passenger dhow on a pleasure cruise capsized while off Bahrain on Thursday.
- Identity mystery of hijacked tanker
SOMALI gunmen have hijacked a tanker north of Mogadishu, according to reports from East Africa, writes David Osler.
- Goldenport comes back to relaunch stalled IPO
London trading is expected to begin this week in the shares of Paris Dragnis’ Goldenport Holdings, the dry bulk and containership operator.
- Hampden purchase whittles Lloyd’s agents down to two
AND then there were two... Hampden Private Capital, the largest company representing names at Lloyd’s, has bought the Lloyd’s agency business of CBS Private Capital, leaving only itself and one competitor, Argenta.
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| MARCH 31, 2006 |
- Wall Street slowly reheats
ULTRAPETROL has registered to list on NASDAQ and seek up to $175M through an IPO, weeks after Omega Navigation Enterprises confirmed its own hopes for a NASDAQ listing
- India replaces DG Shipping
INDIA'S director general of shipping, GS Sahni, is being transferred to a post in New Delhi; his replacement is expected to be Kiran Dhingra
- Delayed CIF aims for FFA liquidity
A single-screen trading platform that allows FFA players to trade with the clients of Clarksons, Ifchor and Freight Investor Services will debut at the end of May
- Spanish shipyard talks resume
NEGOTIATIONS between the Spanish government and unions representing shipyard workers over the privatization process of public yards have been resumed
- Wide support for Poseidon Challenge
INTERTANKO'S Poseidon Challenge received backing today from representatives from the full spectrum of the shipping industry
- UK proposes new recycling strategy
THE UK government has proposed a new strategy outlining changes required to upgrade the conditions under which ships are recycled
- Scandlines posts healthy results
- Intertanko focuses on human element
- Koch speaks out on DP World
- Karamitsos speaks out on DP World
- Port policy may return to EC agenda
- al-Dana tragedy: overcrowding blamed
- Pleasure vessel sinking leaves 57 dead
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| MARCH 31, 2006 |
- First steps taken to TWIC deployment
Transportation Security Administration is expected to solicit qualified bidders today in first step to implementing long-delayed transport ID card.
- Charges hurt Cronos net
- No cause determined for Hyundai Fortune fire
- Le Havre opens new terminal
- IPO for Greek box ship owner
- New chair for WCO group
- Canadian Pacific’s CFO quits
- Ikea to build China hub
- New NS rail unit serves Delaware port
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| MARCH 31, 2006 |
- Citigroup facing Toll insider trading charges
The Australian Securities and Investment Commission has levelled conflict of interest and insider trading charges at Citigroup over alleged dealings surrounding Toll’s takeover attempt of Patrick.
- HMM and Hanjin to run eight berths in BNP
- Dalian: The second China port to list in Hong Kong
- Discounts given to encourage Indonesian shippers to use local carriers
- Strike delays could see ships skipping some Brazilian ports
- More capacity for China-India trade-route
- Confusion reigns as half Cochin strikers end dispute
- Government watchdog: Automated Targeting System sights must be tuned
- Russian Troika finalises $42m financing plans
- Transport Commission floats initial ideas for seaports policy
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| MARCH 31, 2006 |
- Chevron axes charter
US oil major pays $5m penalty for early termination of 20 year contract with Frontline.
- OMI extending two
Stamford company continues charters with Total on two products tankers falsely rumoured to be on sales block.
- Hoegh profit edges up
Increased freight revenue from expanding fleet boosts privately owned Norwegian shipping group.
- GEM back at Mipo
Dubai owner orders another quartet of products carriers at Korean shipyard, with options.
- OSG rejoins Intertanko
Morten Arntzen gives an answer to $64,000 question of the benefit of trade association membership.
- Bourbon builds at Bharati
Indian shipyard Bharati wins an INR 4bn ($89m) order to build five vessels for Groupe Bourbon of France.
- Atlantska sells more
Croatian bulker owner is issuing more short-term notes due to strong demand.
- Samsung grabs Danaos order
Danaos Shipping of Greece returns to Korea with a $241.6m order for four boxships at Samsung.
- Old master stays on
Stephen Van Dyck agrees another two year stint at the helm of Intertanko.
- Another new yard for Vinashin
Vietnamese shipbuilder lines up new facility in Ca Mau province.
- Smit scoops 18 tugs
Dutch towage and salvage company Smit swells its fleet of tugs with 18 newbuilding orders and purchases.
- Varun makes its case
Indian tanker owner says fourth quarter profit will rise as it files IPO prospectus in Singapore.
- Rig Tenders on the slide
Indonesian supply ship owner suffers 2005 profit dip, but revenues rising.
- BLT raking it in
Indonesian tanker owner’s bigger fleet sees profit and revenues boom in 2005.
- SembCorp in Solitaire payout
Saga of Solitaire arbitration ends with Singapore yard making final settlement of EUR350.
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| MARCH 31, 2006 |
- Yang Ming replaces Hyundai on China Straits India service
- Crowley christens tug-barge tank unit in Mobile
- Senate OKs Allen for Coast Guard job
- Yang Ming joining U.S. East Coast/East Coast South America market
- Europe/Caribbean/South America carriers to raise bunker surcharges
- Overseas Shipholding orders four Aframax tankers
- UPS boss slams U.S. transport infrastructure, warns of economic impact
- Lufthansa Cargo Charter, Swiss WorldCargo sign marketing, sales deal
- TSA seeks qualified companies for TWIC card deployment
- CBP increases enforcement of China safeguard rules
- U.S., EU step up fight against China's auto import tariffs
- Asia driving increase in demand for cement
- OFAC lifts sanctions on 3 countries
- TT Club posts $23 million surplus for 2005
- Eurinpro hands over warehouse to TNT in Belgium
- Redesigned SNAP to get industry test
- Indian official welcomes DP World
- GAC Shipping names Kakaris dry bulk manager
- Jamaica port authority orders 30 stacking units from Kalmar
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| MARCH 31, 2006 |
- Scandlines A/G to be sold
Scandlines A/G will be put on the market for sale at the end of April or in the beginning ...
- Increased turnover and nice profit for Scandlines
The turnover grew for Scandlines A/G in 2005, but the final result fell compared to the record high profit ...
- Estonian expert committee doubts "Estonia" disaster investigation
An expert committee formed by the Estonian government and led by the leading public prosecutor Margus Karm says in its ...
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| MARCH 31, 2006 |
- US prices flat, and buyers wait
Lower crude failing to impact bunker prices as markets report quiet trading.
- Horizon matches Matson fuel surcharge
Hawaii shipowner increasing rate in line with key competitor, launching new service.
- Fuel tanker seized by Somali pirates
Details still sketchy after mid-week seizure of fuel tanker in pirate-infested area.
- Greece: Trader welcomes new regional manager
BMS announces Regional Sales Manager with specialisation in lubricants.
- ARA fuel oil values at 26-year high, bunkers follow
Barge and bunker market holding firm Friday after fixing values for HSFO shot up on Thursday.
- INTERTANKO announces new Asia-Pacific Regional Manager
- Sri Lanka: Supply case hearing to be held in June
An ongoing legal battle between two bunker suppliers and the Sri Lanka Ports Authority continues to stall investment in bunkering infrastructure.
- INTERTANKO's Poseidon Challenge seeks commitment
Participants challenged to commit to the 'chain of responsibility'.
- Rotterdam market holds firm Friday
- EMSA launches second call for oil spill support vessels
The European Maritime Safety Agency has just launched a second call for tenders to provide additional oil pollution response capabilities in EU waters.
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