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| FEBRUARY 6, 2006 |
Shipping News
- Import trade from Asia overwhelms US ports
EVERY major container seaport in North America handled more import cargo in 2005 than ever before as trade with Asia continued to swell and importers looked for alternatives to Southern California's crowded docks.
- Rescue crews refloat grounded Alaska tanker
RESCUE crews refloated a tanker carrying nearly 19 million litres of oil and gasoline on Friday, one day after the vessel ran aground in Alaska's Cook Inlet and caused a small spill, state and Coast Guard officials said.
- Big Indian unions planning to stop entry of toxic ship
THREE large trade unions in India said last week they would take action to stop a decommissioned French warship from entering an Indian shipbreaking yard, unless it is cleared of toxic waste on board.
- Flood on car deck sank Egyptian ferry: officer
- UK govt approves Hutchison port plan at Felixstowe
- India's Great Eastern Shipping 3rd qtr profit down 36%
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| FEBRUARY 6, 2006 |
- US Customs officers seize US$10m in `misdescribed' textile products
- HK's Chanal-Log implements IES supply chain system
- Hong Kong to host China Maritime exhibition
- Hanjin opens Antwerp sales office
- Reynold appoints new agent for Poland
- NYK sets up JPY50 million grant programme
- Beijing highway to link up with northwest of China
- New UAL shares traded after emergence from bankruptcy
- Korean Air's cargo loads affected by strike, airline says
- Hoegh Autoliners, LDA order 2 ro/ro vessels to service Airbus
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| FEBRUARY 6, 2006 |
- Requiem for a luxury cruise liner
- Break-bulk takes a break
- Govt preparing negative list for BIMSTEC FTA
- Kamal Nath calls for doubling of India-UK trade
- Exporters demand single agency to regulate industry
- Textile industry seeks removal of customs duty on synthetic fibres
- Shrimp exporters to seek review of US anti-dumping duty order
- Pak plans to allow Indian sugar entry by rail route
- Gems & jewellery exports glitter
- IMC-L&T consortium plans to build liquid cargo terminal at Ennore Port
- CoPT board spikes tariff hike move
- Battle for P&O now with gloves off
- PM gives patient hearing to dock workers’ problems
- Private players spot ‘red signals’ in the fine print
- PRCL first to submit EoI for rail container movement
- IPBCC to withdraw congestion surcharge at JNP w.e.f. March 1
- India-EU trade ties to be strengthened
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| FEBRUARY 3, 2006 |
- New management structures at Lagermax Spedition, AED and Paketdienst
- New slot charter agreement Zim/Hapag-Lloyd
- Volare takeover by Alitalia suspended
- Tirsan becomes Kässbohrer in Europe
- Major contract awarded to KLG Europe
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| FEBRUARY 3, 2006 |
- Egyptian ferry disaster
- Odfjell’s strong results
- APL Panama – still stuck
- American Club mandates medical checks
- Brazilian centre buys Transas simulator
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| FEBRUARY 6, 2006 |
- Pentagon releases QDR
- IMO reacts to Egyptian ferry tragedy
- Wartsila buys Aker Kvaerner unit
- Egyptian ferry sinks in Red Sea
- $10 million "magic pipe" fine
- Officials pressure EPA on marine diesel emissions
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| FEBRUARY 3, 2006 |
- Port of Tacoma delivers record setting year in 2005
- Toyota again importing cars through Port of Benicia
- Marine terminals association elects new slate of officers for 2006
- Saltchuk Resources buying Alaskan air cargo company
- US rail freight numbers make big jump during week
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| FEBRUARY 6, 2006 |
- Anger at port as ferry death toll rises
AROUND 400 people had been saved from sunken Red Sea ferry Al Salam Boccaccio 98 as of Sunday lunchtime, according to reports from news agencies and other sources.
- Shipping world united in grief over Red Sea tragedy
INTERNATIONAL Maritime Organization secretary general Efthimios Mitropoulos has led global expressions of shock and grief at the sinking of the Egyptian passenger ro-ro ferry Al Salam Boccaccio 98.
- IMO lends support to nations affected by Al Salam Boccaccio 98 loss
International Maritime Organization Secretary-General, Efthimios Mitropoulos (left), has spoken of his shock at the loss of Al Salam Boccaccio 98.
- Bittersweet success for Salvage pensioners
A LONG struggle to redeem decent pension payments from the remains of the old Salvage Association appears to be nearing an end, with modest success, but a continuing legacy of bitterness, writes James Brewer.
- Rolls-Royce pod appeal rejected
A US Court has thrown out an appeal from Rolls-Royce Marine that sought Royal Caribbean Cruise Lines’ $300m claim over faulty podded propulsors to be heard at Federal level.
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| FEBRUARY 3, 2006 |
- Seabulk Pride re-floated
THE JONES Act tanker Seabulk Pride is undergoing inspection in Homer, Alaska after being successfully re-floated on Friday afternoon
- CCNI doubles profit
COMPANIA Chilena de Navegacion Interoceanica (CCNI) has reported a 106% increase in its net earnings, reaching $35.4M at the end of 2005
- Analyst warns on dividends
SHIPPING stocks appealing to investors with high-dividend strategies represent a significantly increased investment risk as the cycle heads downs, an analyst warns
- Panama investigates Egyptian disaster
- UK, USCG teams seize coke off Florida
- Argentine beef exports at a standstill
- Ferry sinks in Red Sea: 1400 missing
- Macquarie downgraded as doubts raised
- RCCL going diesel
- Mystery deaths in Colombo
- Massive fine for Maersk-operated box ship
- Cruise lines return to New Orleans
- Tanker grounded in Alaska
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| FEBRUARY 3, 2006 |
- Wage disparity grows for dock unions
Trade volumes, contract strategy give West Coast dockworkers a big pay advantage over East and Gulf coast longshoremen.
- Customs blocking transshipped textiles
- NJ trucking association wins battle over rights to name
- Robert Krekel, Cosco executive, dies at 50
- Navistar gets default notice from creditors
- Cargolux, Martinair raise fuel surcharge
- Tugboats refloat grounded tanker
- Won’s appreciation hits Hanjin earnings
- MOL to boost stake in Japanese company
- TOTE parent acquires Northern Air Cargo
- BA operating profit jumps
- Total SA faces trial for ’99 oil spill
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| FEBRUARY 3, 2006 |
- BALtrans sees more M&A deals to come
Hong Kong-listed forwarder BALtrans said it is eyeing more M&A deals in Asia, but would not confirm the suspension of share dealing followed its acquisition of a European logistics company.
- Rio Grande shippers turn to Imbituba for salvation
- ‘Energy security’ geopolitics don’t change fuel-price basics
- Feeder-operators protest gantry-charge at Chittagong
- Hanjin and HMM to raise borrowing
- MOL make UTOC ports and logistics Co into subsidiary
- Safmarine starts Angola Oil Rig Express to and from US
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| FEBRUARY 3, 2006 |
- TEN and Eastwind deny sale
Tsakos Energy Navigation and Eastwind both firmly deny that the former is selling three panamax tankers to the latter.
- IPO venture on course
US Shipping Partners delivers on promised products profit package.
- Indonesian ferry death toll rises
At least 30 bodies have been recovered from the sea off Timor following a ferry sinking on Tuesday.
- Managers doubt spill claim
Estonia is investigating 65 ships after an Estonian oil spill but shipmanagers doubt that a Top Tankers suezmax is the culprit.
- New yard for Turkey?
Newcomer Hay Shipyards invests $350m in facility that could produce 12 ships a year by 2010.
- Nel debt deal
Greek ferry owner in bank syndicate settlement to repay $117m.
- No quick-fix for Odfjell
Norwegian chemical tanker player boosts 2005 profit despite still making payments to customers hit by price-fixing scandal, with more to come.
- Egyptian ferry sinks
Huge loss of life feared as lifeboats and bodies spotted after authorities lose contact with El Salam Shipping vessel in Red Sea.
- Sohmen-Pao joins MPA board
Singapore’s Maritime and Port Authority has named Andreas Sohmen-Pao as one of its new directors.
- Counting Norwegian cash
George Procopiou should be grinning after another single-hull sale and charterback.
- Wartsila goes electric
Aker Kvaerner sells AKPAS marine propulsion and automation company for $16.5m.
- Repairs put hole in Fesco’s profit
Russian boxship owner blames cost of work on ships for slump in 2005 earnings.
- Sharma heads for pastures new
Indian owner Great Eastern’s shipping supremo hands over reins to deputy Tapas Icot.
- MES thankful for share sale
Disposal of equity lifts Japanese shipbuilder’s nine-month result out of the red.
- ASL to raise fresh funds
Singapore shipbuilder and shipowner to issue 30m new shares to fund yard and fleet expansion.
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| FEBRUARY 3, 2006 |
- MSC Ship Management to pay $10 million for oil pollution
- End of USSEC
- Law of salvage applies to cargo and property from "Titanic"
- VF Corp. signs APL Logistics to consolidate ocean freight
- Oil tanker grounded in Alaska's Nikiski port
- OOCL names first of eight 5,888-TEU ships
- BIMCO picks Dailey to direct marketing
- BA's 3rd-quarter pre-tax profits up 9%
- U.S. steps up attack against EU subsidies for Airbus
- Kale Consultants joins Cargo 2000
- McQuesten joins Pilot Air
- Top U.S. truck safety official resigns
- U.S. to pursue free trade agreement with South Korea
- IES provides purchase order software for Chanal unit
- MOL to spend $21 million to own Utoc
- Port of Oakland eyes power plant purchase
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| FEBRUARY 3, 2006 |
- 100 passengers saved from sunken ferry
Egyptian authorities reported this afternoon, that about 100 survivors from the sunken ro-ro/passenger ferry "Al Salam Boccaccio 98 ...
- Oil spill in Estonia has repercussions in Parliament
At yesterday’s cabinet meeting, Estonian Prime Minister Andrus Ansip said that the Cypriot Liberia-flagged crude oil tanker "Flawless" is ...
- Record fine for oil spill
A French court has fined the Ukrainian master of the container carrier "Maersk Barcelona" along with the owner of the ...
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| FEBRUARY 3, 2006 |
- Low-sulphur fuel finds favour in US Gulf
Narrow price difference making 1% fuel oil attractive for bunker suppliers this week.
- West Coast Collaborative appoints new Chair
EPA-led diesel emissions group change ahead of busy meeting schedule.
- Tesoro tanker refloat successful in Alaska
No oil leaking from vessel after successful refloating operation this morning.
- New propeller system claims fuel savings
Rolls-Royce Marine suggests new system could pay for itself within a year or two.
- Shareholders greenlight lubes manufacturing merger
Shareholders agree to merger between loss-making lube blending arm and parent company.
- Estonia: Over-pumping may have caused fuel oil spill
Estonian authorities are said to be investigating whether the tanker M/T Flawless was responsible for a significant spill of oil in the Baltic Sea.
- Indian firm in probe for bunker scam
Several persons from an Indian company arrested on suspicion of systematic short-supply.
- Sunken tanker: Insurer mulls bunkers removal
P&I club looking at the logistics of conducting an oil retrieval operation.
- Rotterdam stable despite yesterday's crude plunge
- Financial woe continues to strap Singapore supplier
Singapore accredited bunker supplier is not expected to restart bunkering operations until end-February due to considerable financial strain.
- Hong Kong tracks bunker fuel sulphur limit
Market safely tracking sulphur limits on bunker fuels for environmentally-inclined liner companies.
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