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| APRIL 7, 2006 |
Shipping News
- Competition body invites feedback on shipping plan
THE newly formed Competition Commission of Singapore released details of its contentious anti-trust immunity for the liner shipping industry yesterday, kicking off three weeks of public consultation on its proposed exemption.
- NTU launches scholarship for Masters programme
THE Nanyang Technological University is launching a scholarship for its Masters in Science programme, bequeathed by Neptune Orient Lines in memory of its founding managing director, MJ Sayeed.
- 29 Indonesians missing after boat capsizes
TWENTY-nine Indonesians are missing and feared dead after a freight boat laden with cows capsized in heavy seas off Indonesia's West Timor last weekend, a survivor and official said yesterday.
Admiralty Casebook
- Carrier faulted for not stowing cargo safely
THE dangers of carrying calcium hypochlorite by sea was highlighted last month.
Port Shots
- Port Shots
NORWEGIAN shipping group Stolt-Nielsen posted yesterday a bigger-than-expected drop in first-quarter net earnings but said the fundamentals of its main business remained positive.
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- MOL to launch Asia-East Africa service
- Lines raise freight rates by US$200 per TEU this month
- MOL Initiative towed to Japanese port following fire
- AP Moller Maersk vows to honour existing PONL port contracts
- Panama Canal to be widened at a cost of US$7.5b
- HPH signs co-operation contract with Huizhou port
- NYK sets up new logistics unit
- Evergreen offers special web site services for China, HK markets
- Air India, Indian Airlines to merge
- World Air Holdings to launch share repurchase scheme
- Delta begins welcoming Song's 757 fleet into mainline system
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- CSCL vessel makes inaugural call at Nhava Sheva under AMA service
- Evergreen honoured for corporate social responsibility
- TSA members hike fuel surcharge; switch to monthly levy adjustments
- A.P. Moller-Maersk newbuilding named Georg Maersk
- Forex reserves swell by $ 2.5 bn
- SEZ units can sell used garments in DTA sans licence
- 2005-06 figures may reveal textile exports touching $ 15 bn
- S. Africa orders wool products worth Rs 15 cr.
- Vegetable oil base import tariff cut
- Extremadura of Spain invites investors, signs MoU with IMC
- Bhagwati stays President of IVCCI, Rangaraj elected Vice-President
- First IAPH mid-term board meeting in India
- JNP continues to set new benchmarks & operational standards
- Baalu to inaugurate IAPH board meeting
- Kandla Port achieves record 10.5 pc growth in throughput during 2005-06
- Major Ports post 10.3 pc growth in cargo handling in 2005-06
- Mormugao Port’s MOHP establishes 8 new records in 2005-06
- Markfed launches warehousing facilities for wheat
- WIS to build multi-utility vessel for Adani Group
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| APRIL 6, 2006 |
- Portek and Messina forge alliance on port services
- Seur increased revenues in 2005
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| APRIL 6, 2006 |
- IMO head speaks out on Bahrain tragedy
- IRI president calls for multilateral approach
- ITIC warns on territorial exclusions
- New bid to "kill Cape Cod wind project"
- Canada gives IMO US$431,000 for security work
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| APRIL 6, 2006 |
- Washington State Ferries plans major expansion
- Aker Kvaerner to supply SSP drilling package
- Donjon-SMIT opens office in Alexandria
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| APRIL 6, 2006 |
- Twenty-two Chinese nationals smuggled into Seattle in container
- Port of Seattle nets EPA honor for clean air excellence
- Coast Guard honors men for life jacket giveaway
- Shipping lines working together brings increase in ship calls to Everett
- Canada sends grant funds to IMO security program
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- Lloyd’s weathers worst of hurricanes
LLOYD’S has won praise from industry experts for keeping its overall loss to a relatively small £103m ($180m) last year despite a record net £3.3bn of hurricane claims. With another severe Atlantic storm season predicted.
- Weber and Compass forge Greek link
TWO leading US shipbroking houses, Charles R Weber Co and Compass Maritime Services, have joined forces to launch a new shipbrokerage in Greece.
- Omega IPO targets dual listing
LATEST Greek public flotation candidate Omega Navigation Enterprises has filed a prospectus in Singapore as well as in the US for its proposed $220m initial offering to fund the purchase of several tankers, writes Nigel Lowry in Athens.
- Takeover talk helps lift Global Oceanic Carriers’ share price by 18%
Global Oceanic Carriers, the dry bulk shipping company which has taken a beating on London’s Alternative Investment Market, could become the target of a takeover bid, writes Tony Gray.
- Newcomer S5 scoops Qatar LNG agency deal
GLOBAL ship agency newcomer S5 Agency World has beaten off stiff competition from established rivals to land a prestigious contract supporting Qatar’s fast-growing liquefied natural gas trade.
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| APRIL 6, 2006 |
- Stolt counts legal costs
STOLT-Nielsen was hit by $9M in legal expenses during its first quarter after revealing an additional $13.8M charge to Q405 results earlier this week, primarily stemming from anti-trust provisions
- Asry to benefit from slipways
BAHRAIN-based Arab Shipbuilding and Repair Yard (Asry) is to add two more slipways to boost the efficiency of region’s leading ship repairing facility
- IRI head urges ‘concerted action’
INCREASING pressure on shipowners "can only be solved by a concerted multilateral effort by the whole industry,” said Bill Gallagher, president of IRI
- MARAD pushes short sea
A WEBSITE to promote short sea shipping has been launched by the US Maritime Administration
- PNSC to add three more vessels
PAKISTAN national flag carrier PNSC is to acquire three second-hand vessels, including two more tankers, as part of its fleet expansion plan
- NITC thrives on oil products trade
THE National Iranian Tanker Co (NITC) has earned $1Bn in the country’s old products trade during the last financial year, which closed on 20 March
- Shipbuilding grows in Qidong
- India sets up new US service
- Phils shipping pioneer dies
- Ocean Carriers cleared for Oslo trading
- Anti-trust cloud over Color Line
- Caribbean drill concludes with high marks
- Seattle stowaways raise security fears
- Record fine ordered against record polluter
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- Delays for some Panama Canal vessels
Unusually high number of arriving vessels delays waterway transit by five days for ships without reservations.
- Ports cheer legislation to increase security funding
- Va. terminal plan moves ahead
- Matson weathers Hawaii rains
- CMA CGM revenue to rise 25%
- Maersk to honor P&O Nedlloyd’s deal with PSA
- UPS China revenue grew 50%
- China airline to open Boston freighter service
- NYK Logistics Americas completes brand consolidation
- Harrington to regional manager of Columbia Group
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- Saadé warns on consolidation, calling for diversity
Consolidation is a danger for both small and large-scale shipping lines, and some balance must also be maintained between European and Asian ownership, CMA CGM’s Jacques Saadé suggested yesterday.
- NOL mulls vessel sale and leaseback deal
APL’s parent, Neptune Orient Lines, is looking at the possibility of selling then leasing back its fleet through a listed shipping investment trust.
- Duisport sees containers Staake up to new record
- Pakistan opens up Indian Ocean access to China
- Riga’s BCT to lose second intra-European service in four months
- Geest reorganise Baltic services on new hubs
- Halifax terminal orders super-post panamax cranes
- South China’s Nansha aims to double throughput
- Indonesia's importers boycott Australian products
- Delmas president to head Armateurs de France
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| APRIL 6, 2006 |
- Stolt share sags
Investors punished chemical tanker major Stolt-Nielsen today for weaker than expected earnings and a still-clouded legal horizon.
- A new strategy for a new company
Growth is the name of the game after today's dividend halt, says Top Tankers chief.
- Wilson buys again
Wilson of Norway shows appetite for tonnage with purchase of Icelandic outfit Nesskip.
- US out of North Korea now!
The US Treasury Department is giving US shipowners 30 days to shed the North Korean flag.
- Vinnen signs with ITF
German owner agrees to union deal after 24-hour Bremerhaven boycott of containership.
- Norden sale ups profit forecast
Quick profit on bulker sale sees Norden push earnings forecast up for 2006.
- Maersk Line launches IA2
Danish boxship giant links Thailand and Japan with new intra-Asia service.
- Top shares wobble
After initial firmness, stock slides on tanker owner's decision to cease regular dividends.
- Tanker explodes at Kaliningrad
Blaze extinguished after seven hours on products carrier at Yantar shipyard, but one man critical and fuel has leaked.
- Lawsuit No. 8 for SeaCon
Raft of ‘ambulance chasers’ emerges to hunt troubled UK ferry and rail outfit.
- Change of control for GO?
Greek bulker owner considering takeover offers as it secures another charter deal.
- Dalian to list in Hong Kong?
Hong Kong proves a popular port of call for Chinese companies looking to list.
- Japan concerned by piracy
Indonesia appears on the piracy radar again with an attack on a Japanese bulker.
- Tallink begins new Baltic route
Estonian ferry operator launches Fantaasia between Riga and Stockholm.
- Wilson nets another
Norwegian owner Wilson has forked out EUR 3.25m for a bulker from Hanseatic of Germany.
- Norbye on the move
Bergshav CFO makes new career move with appointment at Fredriksen baby, Deep Sea Supply.
- NOL mulls sale-leaseback
World's sixth-largest boxship line may sell all to free up cash flow through Singaporean investment trust.
- Trio for Anders Utkilens
Norwegian owner starts fleet renewal with three chemical tanker newbuildings in Italy.
- Volstad back at Aker
Norwegian owner orders third supply ship at Aker Brattvaag for 2008 delivery.
- Mowinckels nets Esso charter
Mowinckels Rederi of Norway secures employment for a tanker newbuilding with oil major Esso.
- Singh gets two months
Chief engineer of 2,394-teu MSC Elena (built 1994) sentenced over illegal dumping of oily sludge.
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- CMA CGM's 2005 profits up 13%
- CMA CGM to start own Asia to India, Middle East loop
- OFAC prohibits U.S. ties to North Korean-flagged vessels
- Air India-Indian Airlines merger gets go-ahead
- Volga-Dnepr Group's revenue up 54%
- BA's cargo up 3.5% in March
- United's March cargo volumes up 1.7%
- Triton Container up for sale
- China logistics market blossoming, say trade experts
- USTR promotes U.S.-Oman free trade on Capitol Hill
- NYK establishes Logistics Integrator Group
- Retailer Children’s Place to use Management Dynamics
- USDA on the trail of the snail
- Aires modifies brand name
- Manufacturers group wants more LNG terminals built
- Grindrod buys into Port of Maputo
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| APRIL 6, 2006 |
- Sharp increase in container volumes when Samskip chooses Helsingborg
Icelandic Samskip has decided to make Helsingborg the hub for its Scandinavia services. This could lead to a 60 per ...
- Utkilen orders three chemical tankers
Bergen-based Anders Utkilens Rederi has ordered three 9,500 DWT chemical tankers at the Cantiere Navale De Poli yard in ...
- Review of Norway’s maritime fee system
The Norwegian Coastal Administration (Kystverket) has begun a survey of all of Norway’s maritime dues and fees with the view ...
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| APRIL 6, 2006 |
- EPA rewards Port of Los Angeles
Port recipient of award for cold ironing project, planning new terminal.
- Quality and availability main concerns for Asian shipping
BP Marine event highlights quality and availability of low sulphur products as major concerns, while lubricant issues are also high on agenda.
- Chemoil unveils plans for public offering
IPO plans announced at ARACON2006 as the next logical step for international marine fuel supplier as it celebrates 25 years
- Scrubber development beats regulations in environmental stakes
MES President Peter Toombs tells Bunkerworld its scrubber provides SOx emission reductions exceeding SECA demands, and looks promising in meeting future regulations.
- Rotterdam market firm at midday
- Singapore: Middle distillate stocks at 19-week high
Both onshore stocks of residual fuels and middle distillates rose in the week ended April 5.
- Singapore: Oil trading hub faces competition
Refinery developments in the Asian region poised to undercut activities in Singapore's oil trading market.
- Hong Kong: MGO prices nearing $600 pmt
MGO prices expected to firm further while supplies of 380 cst under slight squeeze.
- Crude prices rise, US stockpiles fall
Drop in US stockpiles of gasoline and distillates; OPEC March output lowest this year.
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