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| SEPTEMBER 5, 2006 |
Shipping News
- Dalian Port shelves plan to buy Jinzhou
DALIAN Port, operator of China's third-largest oil port, has suspended its plan to buy Jinzhou Port Co Ltd, a smaller rival also located in north-east China.
- Nov S'pore meet for council overseeing anti-piracy centre
SINGAPORE is to host, in November, the first meeting of the governing council of the Information Sharing Centre of a regional group on combating piracy, ReCAAP.
- M'sia exempts ship rentals from income tax
THE government on Friday proposed that rental payment of ships under voyage charter, time charter or bare boat charter to a non-resident by a resident company in Malaysia be exempted from income tax.
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| SEPTEMBER 5, 2006 |
- Blue Moon Express Logistics takes shape
- Hapag-Lloyd teams up with to launch new Africa service (SAX)
- MSC capacity up by 150 pc in five years
- Hanjin & STX Pan Ocean to offer new Ho Chi Minh service
- 8,204-TEU newbuild Cosco Germany to be used on AE-1 service
- Hanjin orders five 10,000-TEU leviathans
- A.P. Moller/Maersk’s H1 revenue soars by 45 pc
- APL launches China-US East Coast service (EC3)
- MOL adds 6,000-TEU vessel on PSX service
- Norway’s Ceco to buy rival Songa for $ 1.28 bn
- Euronav buys 2 newbuilding Suezmaxes
- Coscon unit, Panasia to launch new Wenzhou feeder service
- PSA SICAL to develop 2nd box terminal at Chennai Port
- Discord between Planners & MoS on crucial issues continues to stall model concession agreement for port sector
- WISA sees small ports drawing main line ships & overtaking Major Ports in cargo throughput soon
- Alang shipyard to be corporatised via SPV route
- Adanis plan investments in 3 Major Ports
- More and more corporates are entering the logistics sector, primarily ports development and infrastructure
- Rlys may seek Rs 5,000 crore private investment to update infrastructure via PPP route
- Revenue loss of Rs 1,75,487 cr. owing to SEZs
- US aircraft maker to invest up to $ 100 million in MRO facility
- 94 SEZs to hum with activity in 3 years
- CII report says Q1 economic growth was 8.3 pc
- Steps to raise farm products exports outlined
- It’s tricky, but also rewarding for the shrewd, explains consultant based in China
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| SEPTEMBER 4, 2006 |
- Gottwald Port Technology: Dr Mathias Dobner succeeds Dirk Kiessling as new CEO
- Senator Lines appoints Mat Marine as agent in Switzerland
- Air France-KLM publishes Q1 results
- New freight train from Duisburg to Copenhagen and Malmö
- Good half-yearly result for Swiss Post
- International Air Cargo Forum, 12-14 September, Calgary
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| SEPTEMBER 4, 2006 |
- Exmar’s LNG transfer
- ISS‘s new bulk service
- UK coastguard tug stop tug and tow drifting in Dover Strait
- Singapore security clampdown
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| SEPTEMBER 5, 2006 |
- Israel relaxes Lebanon port blockade
ISRAEL is allowing a limited flow of ships to enter Lebanese ports, despite the formal continuation of the naval blockade in place since July.
According to the Lloyd’s agent in Beirut, a number of product tankers and bulk
- Lines stop trading with Bangladesh in rates row
FOREIGN ship operators have suspended transporting cargo to and from Bangladesh ports indefinitely after a legal row over the weekend with local exporters over higher freight rates.
- Greece and Korea sign maritime agreement
SOUTH Korea and Greece have signed a maritime co-operation agreement during a three-day visit to Greece by South Korean president Roh Moo-hyun that started on Sunday, writes Keith Wallis in Hong Kong.
- Foreign firms fail to make shortlist for DP World’s US assets
BETWEEN five and eight US-based companies are on the shortlist in the second round of the process of evaluating the purchase of the US assets of Dubai Ports World, a senior official involved with the deal has said.
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| SEPTEMBER 4, 2006 |
- Polish yard subsidy report still awaited
BRUSSELS 04 September – EU Competition commissioner Neelie Kroes is believed to be still waiting for the report from the Polish government justifying the substantial subsidies that have been awarded to shipyards in Gdansk, Gdynia and Szczecin over the past year
- Grimaldi dismisses quit rumours
ALDO Grimaldi has strongly rejected speculation that he is about to leave Grandi Navi Veloci, the cruise ferry operator he set up in 1994
- Malayan Towage demands payment
MALAYAN Towage & Salvage (Salvtug) has demanded that the owner and insurer of the chemical barge Billy Star must pay for the services given
- Italian magnate Orsero dies
RAFFAELLO Orsero, owner of the Italian business empire GF Invest and one of the country's wealthiest shipowners, has died at the age of 69
- Forth transfer plan gains MCA clearance
PLANS for an oil tanker transfer scheme to be set up in the Firth of Forth appear to have moved a step forward
- KOTC rides charter rate wave
STATE-owned Kuwait Oil Tanker Co is thriving on the phenomenal increase in tonnage under charter
- Crew safe as tanker sinks in Pacific
- Cougar Ace under tow to Portland
- Eight in frame for DPW sell-off
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| SEPTEMBER 4, 2006 |
- Up to eight bidders shortlisted by DPW for US assets
Between five and eight US companies have been selected for the second round of bidding for six US terminals formerly operated by P&O, before Dubai Ports World acquired the UK company.
- INSA protests at flouting of cabotage rules
The Indonesian National Shipowners' Association is complaining that the Department of Transportation is allowing foreign vessels to lift domestic cargo, violating the cabotage principle stated in the Presidential Decree No5/2005.
- Tschudi group completes TECO takeover
- Maersk's roster slash faces NZ backlash
- Emirates and TS Line's co-operation in the balance
- Chittagong feeder crisis partially averted
- ITF claims further L&B success
- Dalian holds back plan to buy Jinzhou
- New turnpike will shorten Tanjung Priok transit time
- Trains increase Duisport-Antwerp/Zeebrugge connection frequency
- Record profits and spending for Melbourne
- Inland terminal warns clients of lingering operational woes at Rotterdam
- Klaipeda terminal secures second export call
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| SEPTEMBER 4, 2006 |
- GIB refinances LNG carrier
Gulf International Bank hands $136m refinancing loan to LNG joint venture between MOL and Oman Shipping.
- TUI rules out Hapag sale
Tourism group says idea of selling its liner shipping business is not even on the agenda.
- Oregon bound
MOL’s disabled car carrier Cougar Ace is being towed to the US west coast port of Portland.
- Chemoil plans IPO
Top bunker supplier to use proceeds of hefty share sale to fund major expansion.
- Fantaasia charter extended
Comanav of Morocco also holds purchase option after agreeing charter extention on Tallink ferry until January.
- Goldenport's profits ease
Weaker rates plus drydockings hit bottom line at London-listed bulker and boxship operator.
- Maersk still keen on Adsteam
Referral of bid to UK competition authorities doesn’t stop Danish behemoth buying more shares.
- Engineer stabbed to death
Filipino sailor arrested for stabbing to death Russian engineer on MISC-chartered containership.
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| SEPTEMBER 4, 2006 |
- Åland plans own shipping aid
If the Finnish Government doesn’t go ahead with an improved shipping policy, the district council on Åland will consider a ...
- "Stella Polaris" sunk under tow
"Stella Polaris", one of the world’s first dedicated cruise vessels and by many seen as the most beautiful ship in ...
- Teekay poised for Petrojarl takover
Teekay Shipping is poised for a takeover of the Norwegian Floating Production Storage and Offloading FPSO owner/operator Petrojarl, based ...
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| SEPTEMBER 4, 2006 |
- US markets closed as prices fall elsewhere
Crude and bunker markets in North America taking a holiday today while substantial drops in prices seen elsewhere.
- Saudi Aramco reverses Asian fuel oil flow
First ever import of cargoes for Middle East refiner at depressed prices.
- Shipowner dissects poor result, outlines challenges
Fuel increasing 50% for Maersk Line with falling freight rates epitomising the difficulties of current ship operations.
- Container lines raise tariffs
Two groups announce higher container rates to cover rising costs.
- Re-branded Chemoil prepares to float 382 million shares
Preliminary prospectus talks of expansion plans, just as Chemoil unveils its corporate re-branding.
- ARA market decreases
- Clouds lift over the Malacca Strait
Security status should not be taken for granted as "there is every possibility that the JWC will put the Malacca Strait back into the war-risk category again", a maritime security researcher says.
- Nigeria ready to phase out single hull tankers
National Maritime Authority has reminded shipping stakeholders about MARPOL single hull phase-out schedule.
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