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| MARCH 6, 2006 |
Shipping News
- China yards gear up to build gas tankers
CHINESE shipbuilders are gearing up to build liquefied natural gas tankers as the government approves more projects to import the fuel, challenging yards in South Korea and Japan.
- Indian firm gets nod to form LNG transport venture
INDIA's Cabinet has approved a plan by state-owned Shipping Corp of India Ltd, the nation's biggest freight company, to form a liquefied natural gas transportation joint venture with three Japanese companies in Panama.
- US to widen probes in review of DP World deal
THE deeper review promised by the Bush administration of a Dubai company's plan to take over some terminal operations at US ports will include inspections at the ports, employee background checks and an examination of the United Arab Emirates' terrorism fighting efforts, The New York Times reported on Saturday.
- India, Sri Lanka could rival S'pore as ship fuel hub
- China's expanding shipyards threaten glut
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| MARCH 6, 2006 |
- Zim revises AMP service
- Qingdao port plays host to world largest container ship
- Zim supports P&O Ports takeover despite UAE boycott
- NOL unit to provide freight rail services in India
- Minister says Singapore seeks to double box capacity by 2018
- Singapore, Panama sign FTA
- United Airlines seeks permission to fly to Guangzhou
- Malaysia Airlines MD confident group will hit profit target
- Northwest pilots stage labour action in US cities
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| MARCH 6, 2006 |
- NOL gets green signal for containerised freight services by rail
- Maritime services cadre formation being examined
- BM Shipping Group opens liaison office in Mumbai
- SCI’s global agents to gather at Hilton Towers from March 6 to 8
- India, US to finalise maritime cooperation framework
- Kamal Nath confers with SEZ promoters
- India, US aim to double trade to $ 40 bn in 3 years
- Govt withdraws anti-dumping duty on batteries imported from Bangladesh
- Technology upgradation will require more funds-SRTEPC chief
- Leather sector given only marginal fiscal relief-CLE
- Additional Customs duty may affect service exporters
- Scrap import duty puts ship-breakers on even keel
- US market opens up for Indian farm produce
- Shrimp exporters seek review of US anti-dumping duty
- Tea Board may set up auction hub in Dubai to promote exports
- Govt to adopt all-India formula to decide on Port workers’ bonus
- Mundra service of CONCOR delivers yet again
- Excise duty on sugar may double
- FM explains logic behind service tax hike
- Chidambaram asks manufacturers to aim at 12 pc growth
- Sponge iron prices rise
- H. M. Trivedi Memorial Lecture at IMC
- Rahul Bajaj to speak on quality; IMC award function today
- BMA seminar on Budget tomorrow
- India, Pak CEOs forum official to speak at IMC
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| MARCH 3, 2006 |
- FSG supplies new ferries for DFDS Tor Line
- Airlines still losing billions
- SBB Cargo: new network for Switzerland's domestic traffic
- Hellmann Worldwide Logistics posts major growth in 2005
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| MARCH 3, 2006 |
- Court okays P&O deal
- Money man leaves Frontline
- Baltic’s new tanker futures curves
- UK marine accidents increase
- Vessel switch hits DSS’s Feb figures
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- Another Rokke shocker
- DP World P&O takeover put on hold
- Duncan Hunter slams DP World deal
- MAN B&W expands service operations
- TTS to sign Brazilian agreement
- Kirby buys out partner in Dixie Fuels
- GSF orders ultra deep semi at Keppel
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| MARCH 3, 2006 |
- Evergreen Helicopters VP wins repair specialist honor
- Weekly rail traffic count hit by stormy weather
- QUEEN MARYs meet in Long Beach harbor
- US joins with Peru in Customs agreement
- NOL gains possible entry into India freight rail market
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| MARCH 6, 2006 |
- Jebsen resigns from Frontline
TOM Jebsen, one of John Fredriksen's senior lieutenants, has resigned as chief financial officer of Frontline.
- Jebsen quits Frontline for Songa
TOM Jebsen, one of John Fredriksen’s senior lieutenants, has resigned as chief financial officer of Frontline.
- Røkke rolls away from Aker top job
NORWEGIAN tycoon Kjell Inge Røkke has instigated further change at the top of his business empire as he makes way for his loyal marshal Leif Arne Langøy to take up the group chairmanship.
- BIMCO ducks EU pollution challenge
BIMCO will not join the industry coalition launching a legal challenge to the European Union directive on ship source pollution.
- Israeli giant Zim rallies to DP World’s cause in US
ISRAEL’S biggest shipping operator has backed DP World’s bid to operate six container terminals in the US despite allegations that the Dubai-owned concern backs the Arab League boycott of the Jewish state.
- Singapore to double box capacity
SINGAPORE has mapped out plans to double the size of its container port, the world’s largest, over the next 12 years, writes Marcus Hand in Singapore.
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| MARCH 3, 2006 |
- Electrician killed as ship strikes crane
ONE electrician was killed and another injured yesterday when a container ship being manoeuvred away from a quayside in Mobile, Alabama, struck a gantry crane
- Unexpected support for DP World
WHILE opposition to DP World's takeover of P&O is hardening among certain American interests, support for the deal has come from an unexpected backer
- Q Ship reports record profit
- CSAV suffers weaker 2005
- Gotland line challenges Stockholm
- Pemex unveils investment plans
- Alaska shipments slowed by spill
- Grenland grounding probe launched
- Small help for India's breakers
- BC Ferries trims loss
- IMTC suspends fruit/veg route
- Australia cheered by Iraq grain sale
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| MARCH 3, 2006 |
- Eller hearing delays Dubai takeover
Miami stevedore will petition Britain's Court of Appeal to hear its case after a judge earlier ruled against its lawsuit to block takeover.
- House military panel chief opposes ports deal
- U.S., India plan WTO push
- Halterm expects higher volumes
- Northwest, pilots talk
- Accenture unveils technology to track containers
- One dead in Mobile crane crash
- Propeller Club of the United States honors Abercrombie
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| MARCH 3, 2006 |
- Latest P&O delay sees Eller waiting for a hearing on Monday
No room in the appeals court schedule for Eller & Co to seek permission to appeal against DP World’s P&O acquisition means the deal’s completion is delayed another few days.
- Zim comes out in favour of DP World
- APMT Rotterdam receives promised ultimatum over rosters
- Singapore to double throughput by 2018
- Hong Kong NWS Holdings invests in port of Wenzhou
- India rail JV parent seeks to boost manufacturing hub appeal
- HPH denies report of Qinhuangdao port investment
- KMTC appoints new president
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| MARCH 3, 2006 |
- We’ve got $88m
New blank-check company emerges to invest in transport and logistics.
- Rokke shock
Kjell Inge Rokke has stepped down as chairman of his Norwegian empire to develop new billion-dollar projects.
- KC sell panamax
Owner make a hefty gain on sale of modern China built bulker to Greek interests
- Eller gets Monday court date
UK judges will consider company's right to appeal DP World takeover of P&O.
- Frontline CFO quits
Financial engineer Tom Jebsen to bid farewell to Fredriksen group to become an oilman.
- Ness Risan splashes out
Christian Ness' K/S buys chemical tanker for $20m with eight-year charter back deal.
- Attanasio has alibi
Italian shipowner says there is no way he could have paid "bribe" in UK political scandal as he was already in jail.
- Sonatrach takes Maersk VLCC
Algerian energy giant charters in tanker tonnage in advance of its own newbuildings as it gears up to increase exports.
- Northwestern back in business
UK shiprepair group to resume operations at former Cammell Laird yard.
- NOL gets on track
Liner company hopes new rail investment in India will also boost shipping services.
- Kirby takes Dixie four
US barge giant buys out partner in dry-bulk and tugboat company.
- Carisbrooke opts for three
UK owner orders another trio of multipurpose vessels at Port Weller Dry Docks in Canada.
- StealthGas ends year on high
Expanded fleet helps Harry Vafias-led LPG venture to post strong performance in debut set of results.
- Baltimar ship blocked
Danish shipowner has become the unlikely victim in a spat over South American pulp mills.
- China set for supply role
With Korean yards opening block facilities in China is the latter set to be shipbuilding’s answer to outsourcing.
- Vietnamese hold Sima Pride
Dubai shipowner's containership held in connection with hit and run incident that left one man dead.
- Bugbee's big buy
OMI president Robert Bugbee opens his checkbook for $4m buy of his company's shares.
- Earnings rise at Algoma
Expanded fleet helps Canadian tanker and bulker owner propel profits past those of 2004.
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| MARCH 3, 2006 |
- FEFC carriers to raise rates, bunker surcharge
- Zim provides details of AMP service rotation change
- Dallas airport adding cargo carriers
- González named ICAO president
- NOL joint venture wins approval for rail freight services in India
- DHS demands threaten AES mandatory rules
- White House issues joint statement with India on Doha Round
- BDP buys out outstanding shares in Brazilian joint venture
- Menlo Worldwide opens Malaysia office
- Two DHS officials promoted, one resigns
- BAX Global's Carnes joins Schenker's management board
- Israeli carrier Zim sides with DP World
- DP World port takeover delayed
- Maritime security enforced by DHS -- but it's a big job
- Rep. Hunter says UAE facilitates nuclear smuggling
- Misunderstandings cloud CFIUS process
- DP World to fuel U.S. Navy ships in Djibouti
- DP World seeks to manage Pakistan port
- Dubai defense deal gets U.S. scrutiny
- Port of London Authority throughput up 1% in 2005
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| MARCH 3, 2006 |
- Port battle continues in USA
The protests against the DP World take-over of P&O’s terminals in USA has been fuelled by media reports ...
- "Vertigo" finally leaves Danish waters
The Jamaican registered bulk carrier "Vertigo" left Danish waters in the middle of this week, bound for a repair yard ...
- Oslo cruise ship record this year
More and more cruise ships call at Oslo and this year 168 vessels are due, against 131 last year. Norway’s ...
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| MARCH 3, 2006 |
- GAC Chief: Cautious optimism for Indian & Sri Lankan bunker hubs
South Asian ports are main growth areas for potential bunker hubs in Asia, but infrastructural concerns need to be overcome, while better commercial terms should be established.
- Lindsay Blee expands team
Former Bunkerworld employee moves on to broker role.
- Exxon confirms Houston launch
Oil major starting Houston operation after months of market speculation.
- Owners given glimpse into LSFO pricing
2005 saw huge variations in the premium for low sulphur fuel oil over high sulphur fuel, a trend that is still evident.
- Mexico market on the move
Port expansion and good prices keeping bunker market buoyant going into 2006.
- Rotterdam market firm but quiet Friday morning
- Viswa Lab to set up learning centre in Singapore
Dr. Vis says new learning centre will cover a wide spectrum of topics for the global shipping and bunkering industry.
- Taiwan posts historic high bunker prices
Posted prices in Kaohsiung and Keelung surged $24 pmt since Thursday, backed by a firm Singapore market.
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