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| MAY 8, 2006 |
Shipping News
- Greek ferry operators to hike prices, challenge govt
GREEK ferry operators, hit by soaring fuel costs, will raise ticket prices without waiting for regulatory approval, forcing the government to speed up liberalisation, an industry official said.
- St Lawrence Seaway woos China grain buyers
THE Great Lakes St Lawrence Seaway system is vying for a piece of the lucrative grain shipping business to China, but the binational waterway operators are expected to face an uphill task, ship brokers said on Friday.
- Toll vows to fight off any bid for Patrick from Macquarie Bank
AUSTRALIAN logistics and transport firm Toll Holdings vowed yesterday to fight any bid by a consortium led by Macquarie Bank to trump its A$5.8 billion deal to take over ports operator Patrick Corporation.
- US giant Overseas Shipholding's Q1 net falls 22%
- Stricken cruise liner arrives at English port after fire
- Bergesen Worldwide Offshore raises US$300m in share sale
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| MAY 8, 2006 |
- Hyundai Heavy ignores HMM plea to lower stake in carrier
- Shekou to levy cargo security charge from June
- HK shippers hope China's THC ruling will set global precedent
- Brisbane container terminal due to open in 2008
- Malaysian crane maker to expand manufacturing facility
- IDC launches new security system to protect seaports
- Continental slams DOT proposal to allow foreign control of US airlines
- Menlo signs deal with Jabil Circuit
- UA makes appointments
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| MAY 8, 2006 |
- Adanis seeking Jap, Korean expertise in shipbuilding
- RoRo conference to be held in Ghent, Belgium, from May 16
- Business worth $ 1.3 bn generated at Hannover expo-EEPC
- Intra-Asia trade expected to swell further: UPS survey
- Exports from MEPZ-SEZ up by 40 pc in 2005-06
- Kandla Port excels once again!
- Mumbai Port cruising to a dedicated terminal for tourists
- GDL determined to become fully-integrated logistics player
- Rlys aims to raise internal resources of Rs 20,000 cr. in 2006-07
- Mangalore-Hassan rail line thrown open for freight movement
- Truck rentals up by 15 pc in 6 months
- Pvt. rail container operators seek once-a-year increase in haulage charges based on input costs
- Nagpur airport poised to become first international air cargo hub in India
- Lahore-Amritsar train service to be extended to Delhi
- New GM soya oil import rule deferred for 3 months
- Forex reserves swell by $ 3.41 bn
- FTA with GCC not to harm industry’s interests
- Raw sugar import on cards
- Exim Bank to raise Rs 11,000 cr.
- Call to develop cost-effective core sector projects
- Tyre makers urge govt to suspend rubber exports
- Fieo workshops on export strategy at Nashik, Nagpur
- Polish diplomat wants trade with India to double in 3 years
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| MAY 5, 2006 |
- New Rutges Cargo station manager France
- Another record month for Sharjah Container Terminal
- Emirates SkyCargo sets sights on South America
- Rail bottlenecks in Hamburg
- DSV reports good Q1 results
- Saxony seeking to expand rail services
- Route-mapping software to cut fuel costs
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| MAY 5, 2006 |
- Braemar Seascope’s profit up 27%
- Teekay profit down
- "Seasonal" dip in Seacor profit
- Baltic entrances pilotage talks
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| MAY 5, 2006 |
- Tidewater has new manager of engineering and technical services
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| MAY 5, 2006 |
- Mexican President accepts invitation from Washington governor
- Hawaiian Airlines expanding service from Pacific Northwest
- Menzies Aviation completes purchase of Aeroground, Inc.
- Oregon governor announces trade misson to Japan, South Korea
- US rail freight numbers have alltogether positive week
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| MAY 8, 2006 |
- Macquarie reignites battle for Patrick
THE BATTLE for Australian stevedore and logistics company Patrick Corporation has burst back to life with aggressive local merchant bank Macquarie announcing it is planning an all-cash bid for the company.
- Ladyman offers owners one-stop shop
BRITAIN’S shipping minister Stephen Ladyman has responded to calls for better coordination of maritime policy at government level by agreeing to be the single point of contact for shipowners.
- Hopes fade for missing Alexandros T crew
HOPES were fading yesterday of finding further survivors from the bulker Alexandros T, which sank last Wednesday leaving 26 crew members missing.
- US Port Act wins industry approval
SHIPPING industry advocates have greeted with relief last week’s passing of the SAFE Port Act by the US House of Representatives.
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| MAY 5, 2006 |
- Alexandros T: search continues
OVERSEAS Marine Enterprises, the Piraeus-based manager of the bulk carrier Alexandros T, has issued the following update on the situation off the coast of South Africa
- Rochester exorcises its cursed Spirit
ROCHESTER (New York state) Ferry Co has reached agreement to sell its troubled Austal-built fast ferry Spirit of Ontario to a UK company called Euroferries
- Tough first quarter for Irish Ferries
IRISH Ferries has reported further falls in car traffic for the first three months but this was in line with market trends; it has, however, picked up market share from Stena
- Gaming ship operator fined for pollution
- Carnival to pay $6.25M overtime settlement
- Fonterra cements Maersk business
- Emergency towage deal for Riverwijs
- Panic in India as Hapag axes CP staff
- India gears up for Australian coal
- Odense unveils $132M loss for 2005
- Patrick counter-bid focuses on Macquarie
- US port security bill welcomed
- Hanjin 1Q profits slump
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| MAY 5, 2006 |
- White House balks at port security grants
The Bush administration rejects $600 million in new funding included in the SAFE Ports bill passed by the House.
- Doubt for open-skies deal
- Cosco Q1 volume up
- EU eyes China trade
- Halterm income doubles
- Customs Update: Record what?
- No changes after ICTSI sale
- Mega-boost for Thamesport
- Martinair ups fuel charge
- ANA adds D.C. drop station
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| MAY 5, 2006 |
- Toll facing Patrick trump
With less than a week to closure of Toll Holdings’ A$6bn (US$4.62bn) bid for Patrick Corporation, Macquarie Bank has revealed a mega-consortium is poised to launch a rival bid.
- System-swap to black out ECT Delta for a minimum 24 hours
A scheduled revamp of ECT’s automated terminal system will entail a complete 24 to 36-hour blackout of ECT’s Delta terminals, with operations shutting down starting tomorrow from 12:00 or 15:00.
- Feeder operators give Chittagong one month ultimatum
- Exploration of Lyon-Turin base tunnel project well underway
- Sweden proposes shore-power tax-break, while POLB eyes cold-iron lease
- Upgrade underway at Fushiki-Toyama Port
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| MAY 5, 2006 |
- Fortis leading Metrostar push
Bank is trying to assemble lending syndicate of $500m or more to support Quintana's hoped-for acquisition of Metrostar bulker fleet.
- How much do you want?
BW Gas pays out $454,000 per day in 2005 and appoints former Tory minister to set exec's salaries.
- Ofer the limit
A wine-drinking Zodiac skipper and a fatigued chief engineer feature in latest US detentions.
- USCG funding in the wind
Environmental politics may have killed a US Coast Guard (USCG) funding and maritime bill on the threshold of passage by Congress.
- EU withdraws Ireland threat
The European Commission drops its threat of legal action against Irish authorities over failure to maintain adequate port security.
- Kenya responds to piracy
New maritime response centre opens in Mombasa to offer quicker assistance to distressed and hijacked vessels off Africa’s east coast.
- Bomb threat at Palermo
Bomb threat made against vessel due to arrive at Port of Palermo on Friday morning sees security team scrambled on-board Grimaldi ferry.
- Pareto buys shipbroker
Tanker and offshore outfit Johan G Olsen joins PF Bassoe under the Pareto umbrella.
- Adani wants yard partners
Indian group talking to STX, Daewoo and Tsuneishi about new shipbuilding project in Gujarat.
- Colombo yard to treble profits
Resurgence of shipbuilding work should boost Sri Lankan shipyard this year.
- Pan Fish lands licenses
Fredriksen’s fish farming outfit Pan Fish nets 25% of salmon-farming and is close to reeling in Fjord Seafood to the expanded company.
- Cash cow?
First-quarter numbers sparkle after Pan United Marine finally logs a gain on the world's largest livestock carrier.
- USS profit blown away
New York-listed operator US Shipping Partners sees profit slump as hurricane season blows a hole in its bottom line.
- Trico at record high
US supply ship owner posts best ever quarterly result as Gulf of Mexico business booms.
- Brostrom offloads travel agency
Restructuring of Swedish tanker owner’s logistics division now complete as it banks useful profit.
- More losses for ADSB
Currency gains cannot drag Abu Dhabi shipbuilder out of the red.
- Trafalgar ups GOC stake
UK hedge funds specializing in distressed companies buys more shares in Global Oceanic Carriers.
- Vinashin gets green light
Vietnamese state-owned shipbuilder wins government approval for Mekong Delta yard to be completed in 2009.
- Sumatec sells tanker
Malaysian shipowner offloads small oil products tanker to Thai Original Tankers for $1.2m.
- Seacor stands firm
US tanker and supply ship owner’s first quarter operating profit on a par with preceding quarter.
- Cosco box revenues slip
A 10% increase in first quarter volumes fails to counter decline in rates at China Cosco Holdings Co.
- IRA adding ME surcharge
Informal Rate Agreement members to charge extra $200 per teu on cargoes from Asia to Middle East.
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| MAY 5, 2006 |
- Top Coast Guard security official retires
- Yang Ming's net income down 5% in 2005
- China COSCO's 1st quarter volume up, revenue down
- China concludes THC investigation
- Softer rates cut Hanjin's profits by 58%
- Zim leaves U.S. East Coast/Brazil joint service
- Horizon Offshore investigating potential illegal customs payment
- Leak on Horizon vessel forces return to Puerto Rico port
- Wan Hai to add Iran calls to China/Middle East/India service
- BA World Cargo's fuel surcharge up again
- Continental shoots down DOT's foreign aviation investment proposal
- Atlas Air selects GeoLogistics' Flynn as chief
- Cargolux to raise fuel surcharge again
- Korean Air confirms two more 747 freighter conversions
- United's cargo volumes up 11% in April
- CFI promotes Montaño
- Canadian government backtracks on hopper cars transfer deal
- Great Lakes carriers, shippers press for port dredging
- RailAmerica's net income soars 142%
- IAS opens Nice office to consolidate European team
- Panalpina's 1st quarter earnings rise 120%
- Maritime industry asks House to reject container scan bill
- On-dock rail for Miami?
- Southern California ports moving toward record vessel counts
- Mc-Kinney Moller retires from Odense Steel Shipyard
- End of PuriNOx is near in California
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| MAY 5, 2006 |
- Tallink sues Finnish unions
Tallink has filed a lawsuit in a Finnish court against Finnish maritime trade unions. Tallink’s Peter Roose confirms the lawsuit ...
- The Swedish queen names Stena tanker in the centre of Stockholm
On 9 June, the Swedish Queen Silvia will name "Stena Primorsk", the third vessel in Concordia Maritime’s P-MAX series ...
- Bore to convert ro-ro-vessels
The Finnish shipping company Rettig Group Ltd Bore plans to convert the ro-ro-vessels "Serenaden", "Heralden" and "Seagard" into ...
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| MAY 5, 2006 |
- Los Angeles takes a plunge
Prices heading lower as one supplier grabs business from other regional ports.
- Reports: Aegean/FAMM storage deal finalised
Reports cite market sources claiming negotiations finalised, with FAMM to hold some tankage.
- CIS ports could gain from Volgotanker woes
Exporters seek alternative routes as Volgotanker's woes leaves the company unable to buy bunker fuel to ship its contracted volumes.
- Poor fuel quality not necessarily linked to low sulphur
WW group downplays link between low-sulphur fuel policy and quality problems that have led to several debunkerings.
- Crude plunge reflected in Rotterdam indications
- SK Corp to reduce June fuel oil exports
The oil refiner is expected to more than halve its fuel oil exports for June from May.
- Bunker costs cripple Q1 profits for Korean liner
South Korea's largest liner company posted 57.9% drop in net profit in Q1.
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