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| APRIL 4, 2006 |
Shipping News
- Malacca Strait seen stuck with high-risk label
THE world's largest tanker industry group expressed 'massive frustration' at the continued war and terror risk rating applied to the Malacca Strait by London insurers, warning of moves afoot that will make the risk designation harder to shake.
- TSA raises fuel surcharge
CONTAINER shipping lines operating on the transpacific trade lane from Asia to North America, including Singapore's Neptune Orient Line , have announced their first monthly bunker and inland fuel surcharge as they shift from quarterly adjustments.
- China Merchants' profit in 2005 rises to record
CHINA Merchants Holdings Co, a state-controlled port operator, posted a record profit in 2005 after it handled more cargo because of the nation's expanding trade.
- Daewoo Shipbuilding gets 750.5b won tanker orders
- China Shipping shelves plan to sell shares in new unit
- Vietnam firm raises 167b dong in IPO
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| APRIL 4, 2006 |
- Evergreen, Samudera, Yang Ming add tonnage to CSI service
- TSA lines switch to monthly fuel surcharge mechanism
- Port of Hamburg welcomes 9,500-TEU "Cosco Guangzhou"
- Malaysian ports welcome government's latest five-year plan
- PIL MD suggests working with `like minded' operators
- e-Logistics forum held in Shenzhen
- FedEx adds three China services to schedule
- Swiss WorldCargo, Lufthansa Cargo Charter sign sales accord
- Qantas to begin Melbourne-Queenstown service
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| APRIL 4, 2006 |
- Esskay shipping excels at Vizag Port
- SICL handles over 5 m tonnes of coking coal, limestone in 2005-06
- New BBCD policy may herald entry of new Indian shipping firms to carry domestic cargo
- GATI Coast to Coast reaches newer horizons
- IOC’s naphtha exports grow manifold
- JNPT chief assures Port users all help to restart operations
- Vizag Port remains numero uno
- MICT achieves record cargo throughput in March
- KPT steel floating dry dock’s finest hour
- A DOYEN OF THE MARITIME INDUSTRY PASSES AWAY
- CCT continues relentless pursuit of excellence
- Forex reserves up by $ 2,238 million to $ 1,46,159 million
- BCC&I’s meet on AgriCorp-2006 tomorrow
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| APRIL 3, 2006 |
- NASSCO teams with Daewoo unit
- Trico Marine orders PSV
- Stolt-Nielsen takes $13.8 million charge
- Concordia orders two more P-MAX tankers
- ABB bags orders worth $110 million
- $102 million upgrade for Diamond Offshore semi
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| APRIL 3, 2006 |
- TNWA carriers making chages to Trans-Pacific service menu
- Vancouver Port Authority office earns environmental honor
- FHWA calling for states to change rail crossing signs
- New Commanding Officer named for Coast Guard Port Security Unit 313
- WTSA member carriers begin monthly fuel surcharge adjustment
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| APRIL 4, 2006 |
- Nassco and Daewoo sign Jones Act pact
GENERAL Dynamics subsidiary Nassco has teamed up with Daewoo in a technology transfer deal under which the San Diego shipyard would use the South Korean company’s "detail designs, support services and some material" to build Jones Act ships with US labour.
- Shipowner in Natris dispute files for IPO in Singapore
PACIFIC King Shipping, the firm at the centre of the Natris ownership dispute in Malaysia, has filed for an initial public offering on the Singapore Exchange with the aim of doubling its fleet, writes Marcus Hand in Singapore.
- ‘Massive blow’ for Gibsons as brokers defect
THE SHIPBROKER merry-go-round continues with the defection of nine fuel oil and tanker brokers from EA Gibson.
- Koch tells Senate that alienating DP World will damage US interests
GLOBAL shipowners have sprung to the defence of DP World in Washington, telling a US Senate hearing that the attitude of Congress towards foreign ownership of marine terminals was "myopic".
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| APRIL 3, 2006 |
- Venezuela’s oil plan stunner
VENEZUELA President Hugo Chavez will reportedly offer consuming countries long-term contracts for oil at $50/barrel – a move that could profoundly alter global oil politics
- Three killed in PPL yard mishap
THREE workers were killed at PPL Shipyard in Singapore when the boom of a crane collapsed during lifting operations today
- Varun to list in Singapore
VARUN Shipping has started the process to list its Singapore depository shares in Singapore Exchange Securities Trading
- Gas transport in India to rise
ASIA is the most important LPG importing region and accounts for around 58% of seaborne trade
- Robber gangs are hitting hauliers
A WAVE of robberies of consumer goods from trucks on motorways and port terminals in Spain and other European countries has led to a jump in claims against stolen goods
- Red Cross sees seafarers home
RUSSIAN seafarers abandoned with their ship in Spain should be home by the weekend now that the Spanish Red Cross has agreed to pay for their repatriation
- Ferry in disgrace
- Brittany Ferries posts strong results
- al-Dana tragedy halts Bahraini sea trips
- SCI takes JV route for expansion
- Wallem back with founding family
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| APRIL 3, 2006 |
- NOL: Volume up, rates flat in March
The parent of APL said container volume from Feb. 11 to March 10 increased by 20 percent on-year, and 6 percent year to date.
- Mixed ruling for South Carolina port project
- Gain for global air freight
- Rate hike for DHL Asia-Pacific express services
- Ag shippers hit filing changes
- Upgrade for India-China service
- China Merchants net up 15%
- FedEx seeks board rule changes
- Hamburg Süd moves Mexico City office
- BNSF sets $150M track upgrade
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| APRIL 3, 2006 |
- Business shifted to container lines from breakbulk reefer specialist
Fierce competition flowing from the dissolution of the ANZ Alliance has produced an early casualty, with meat exporters shifting business from breakbulk reefer specialist to container lines.
- Major fire in JN Port destroys 25 shipping offices
A major fire which broke out in the early hours of Sunday at Jawaharlal Nehru Port destroyed an entire floor of a three-storeyed structure housing shipping company offices.
- End of Super Galex agreement prompts CMA CGM independent service
- China's Shenzhen Expressway expects 'stable' expressway toll
- Vienna to invest €122m in container terminal expansion
- China Merchants expects double-digit throughput growth in Shenzhen and Shanghai
- Estonia seeks boon of transit
- Port of Dunkirk appoint assistant commercial director
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| APRIL 3, 2006 |
- Extra charge
Stolt takes another $13.8m in earnings writeoffs after settling customer beefs in antitrust scandal.
- OMI confirms Total charters
Stamford owner has notched 30% improvement in base rates on employment of Charente and Isere.
- New direction
Overseas Shipholding Group takes on former Total manager for its board of directors.
- Wallem growth strategy
New owners of Hong Kong ship management group see increasing regulation as a business opportunity.
- Nassco-Daewoo target Jones Act
San Diego shipbuilder reveals linkup with Korean power for US cabotage trade, focus believed on products tankers.
- Indian ferry blaze strands 1,000
Ship fire damages engine and leaves 1,000 passengers stranded off Calcutta.
- Stalker eyes Nemi
Norwegian marine insurer’s share price rises as mystery bidder flags $129m takeover offer.
- Rigel tanker grounds in Finland
Rigel Schiffahrts chemical tanker carrying naphtha from Estonia grounds in Finnish port.
- Imarex and NOS merge
Norway's derivatives trader and clearing house team up to present united front in challenging market.
- Sea Containers hit by lawsuits
Class actions claim execs knew assets were overvalued as long as two years ago.
- DP builds in Djibouti
Dubai ports operator follows P&O deal with new boxship facility in East Africa.
- MISC ties up FPSO deal
Malaysian owner agrees to take 49% stake in SBM floating production ship.
- Trico heads to Solstrand
US offshore owner orders supply ship newbuilding at Norwegian yard.
- Daewoo grabs Gulf Marine order
Gulf Marine Management of Greece places $382m order for three VLCCs at Daewoo.
- Walk-out at EA Gibsons
UK broker says it will 'recruit and replace' after a quarter of its tanker team resigns to set up rival operation.
- Fire guts shipping offices
Yang Ming and Gold Star Line among companies affected by blaze at JNPT port in India.
- Near miss for drunken sailors
New Zealand ferry operators want tighter rules for small boats after ro-pax forced to take action to avoid clash.
- MOL sets up Middle East HQ
Japanese ship owning giant makes Dubai, the UAE's financial hub, the centre of its Middle East operations.
- Aries on the climb
Greece-based tanker and boxship owner’s profits rise between third and fourth quarter last year.
- CSG details tanker orders
China giant details yards and delivery dates for VLCC and handysize tanker orders worth $560m.
- Stena squeezes in two more
Swedish owner's Concordia Maritime unit takes last slots for tankers available at Split Shipyard until 2010.
- India-China upgrade
EMC, Samudera and Yangming are increasing capacity between world’s biggest growing economies.
- CSG scraps bulker IPO
China Shipping has shelved indefinitely its plans to spin-off its bulker operation into a new company.
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| APRIL 3, 2006 |
- TSA, WTSA set fuel surcharges rates for May
- Hyundai Heavy Industries reports record $2.3 billion orders in March
- APL's box volumes up 20%
- MOL opens Middle East headquarters
- China Shipping receives another 4,250-TEU vessel
- China Airlines to add two more Taipei/Los Angeles flights
- ATA names FAA's Pinkerton VP of government affairs
- Deutsche Bahn's profits jump 18% to $1.6 billion
- Korean transport unions end strikes
- Alaska Railroad profits down 18% in 2005
- U.S., Singapore review FTA while trade increases 12.6%
- CAFTA takes effect for Honduras, Nicaragua
- EC investigating Sea-Invest's joint control acquisition of EMO-EKOM
- Port of Houston approves purchase of Bayport cranes
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| APRIL 3, 2006 |
- Concordia orders no 7 and 8
Göteborg-based Concordia Maritime has ordered an additional two 49,900-DWT P-MAX tankers by Brodosplit shipyard in Croatia, adding ...
- Blystad oders four IMO II vessels
Norwegian owner Arne Blystad has ordered four 25,000 DWT IMO II product/chemical tankers at Korean yard Deasun Shipbuilding & Engneering ...
- EMSA move initiated
The European Maritime Safety Agency has initiated its move from Brussels to Lisboa. Ten employees will from March 3rd prepare ...
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| APRIL 3, 2006 |
- Venezuela proposes $50 crude
President Chávez wanting to lock in long-term price to keep Venezuela's heavy crude economical and boost reserves.
- Tech company offers 20% fuel savings
Houston-based company launching new fuel management solution monitoring vessel speed for optimum fuel efficiency.
- Groups call for 1.5% sulphur limit globally
Organisations urge IMO to consider drastic cuts in shipping emissions as MARPOL Annex VI review begins.
- ExxonMobil launches technical help desk for lubes customers
Fast response specialists giving 'reliable answers' to customer problems.
- Former FAMM man joins O.W. Bunkers
Team expands with trader bringing 15 years of bunker market experience.
- UK: Bominflot installed in new office
- Lubrizol approves divestment of non-core businesses
Divestment will help Lubrizol pay back debt from $2 billion acquisition and see the company focus on its original lubricant additives business.
- Rotterdam opens quiet on bullish crude
- Kuwait's oil refining capacity set to increase
New 615,000 bpd refinery and upgrades will boost the country's oil refining capacity by around 50%.
- Japan: February bunker sales down 15.2%
Fuel sales to ocean-going vessels decreasing on month and on year.
- Poseidon Challenge: Low-sulphur bunkers primary concern
INTERTANKO expresses concerns about availability of low-sulphur bunkers, IBIA focuses on quantity assurance.
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