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| NOVEMBER 8, 2006 |
Shipping News
- S'pore warns ships against violating curbs on N Korea
LOCAL shipowners and managers have been advised to comply with the United Nations Security Council sanctions against North Korea, or risk getting thrown out of the Singapore Ship Registry.
- Exec Committee to run TSA; Widdows heads
ONE of global container shipping's major conferences, the Transpacific Stabilisation Agreement , has restructured to create a four-member Executive Committee that will be chaired by Singapore-based APL boss Ron Widdows.
- Shanghai Oct container volume up 20%
SHANGHAI International Port Container Co, operator of China's busiest container harbour, handled 20 per cent more cargo boxes in October, as China's growing trade pushed up demand.
- Deutsche Bank unit buys stake in Whittaker's Peel Ports
Strait Talk
- A load of old rubbish and fresh air
MERCHANT ships don't often make it to the pages of the national newspapers or to the attention of the general media but Maersk Line's giant Emma Maersk has done just that.
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| NOVEMBER 8, 2006 |
- Hanjin to offer New Thailand service
- Global Shippers' Forum against Euro carrier information sharing
- FedEx Express, FedEx Ground rates to rise next year
- South Johor Economic Region to boost PTP business
- VPA receives provincial approval for 3rd berth at Deltaport
- Rugby World Cup 2011 stadium site in NZ may affect trade: official warns
- Polar Air Cargo to begin service to Beijing
- Changi Airports International expands operations overseas
- Alaska Airlines ups service to Mexico
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| NOVEMBER 8, 2006 |
- ESL wins Lloyd’s List Maritime Asia Award
- INTRA Desktop growth booming in India
- Global funds climb aboard dry bulk shipping boom
- Decks cleared for Chennai Port’s 2nd box terminal
- Vizag Port bests own coal handling feat
- Bombardier may produce electronic freight locos for Rlys’ E-W corridor
- Dedicated auto lane from assembly plant to export gateway proposed
- CONCOR inducts 12 rakes in 6 months
- Economy poised for double-digit growth
- COOIT chief cautions against deviation from edible oil policy
- Rs 22,500 cr. investment for renewable energy kit production in SEZs seen
- Gujarat unveils ambitious IT policy
- FIASWI submits pre-Budget wish-list
- SC declines to hear PIL against SEZs
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| NOVEMBER 7, 2006 |
- Hasenpusch new head of Hellmann overland sales Germany
- Emes now calling at Gemlik
- Emirates expands African services
- K+ N's head warns of DB/HHLA "horse-trading"
- Schenker and BAX Global strengthen BOC Edwards' collaboration
- Netherlands prolongs licence for 25-m trucks
- EU permits subsidies for Belgian inland shipping
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| NOVEMBER 7, 2006 |
- Somali hijacking - Islamic militia "set to intervene"
- Tax bill hits Odfjell
- Precious reveals "respectable" results
- MOL upgrades S Korea service
- Strong nine months for ICTSI
- Weather closes LOOP
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| NOVEMBER 7, 2006 |
- Aker Yards rolls out new business model
- Keppel AmFELS launches first Scorpion Offshore rig
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| NOVEMBER 8, 2006 |
- UK must find £300bn to tap North Sea’s fuel resources
BRITAIN’s oil industry will need to invest up to £300bn ($572bn) to extract the remainder of the North Sea’s oil and gas resources, said a leading industry association yesterday.
- Plea for rig scrap rule change
OIL platform decommissioning regulations need to be overhauled to attract new investment into the North Sea, writes Martyn Wingrove.
- Newbuild prices face ‘dramatic decline’
NEWBUILDING prices are poised to go into dramatic decline following several years of strong appreciation.
- EU bid for passenger liability harmony hits sour note
THE European Union’s latest attempt to harmonise passenger liability cover for shipping lines is in trouble due to resistance in national capitals.
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| NOVEMBER 7, 2006 |
- IEA cites 'harsh' energy realities
PARIS 07 November – The International Energy Agency (IEA) has released World Energy Outlook 2006, predicting global oil demand will grow from 84M bpd to 116M bpd by 2030
- Egyptian tanker newcomer
A new tanker company has been set up with Egyptian and Kuwaiti investors
- Film star raises safety profile
GERMAN actor Jan Fedder is to take over the role of ambassador for the country's search and rescue service
- Interest swap weighs on Quintana
- LOOP resumes operations
- Leaking container delays passage
- APL's Widdows steps up at TSA
- APM buys Dunkirk box facility
- Aker remodels its pax ship division
- China port builder to list in HK
- IMB defends Bangla piracy data
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| NOVEMBER 7, 2006 |
- Strategic restructuring for Transpacific Stabilization Agreement carriers
The group of 11 ocean carriers in eastbound Pacific will establish a four-member executive committee.
- Box ships diverted from Rotterdam during ECT strike
- German bank buys stake in Port of Liverpool
- LA ports offer clean-air plan
- Chemical leak keeps ship out of Charleston
- MOL upgrades Europe-S. America, intra-Asia services
- FedEx cancels Airbus order
- UPS offers third option for international shippers
- "K" Line, Yang Ming cutting Asia-Med capacity
- Hanjin sets China-Thai service
- Air France KLM cargo flat
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| NOVEMBER 7, 2006 |
- Rotterdam wildcat strike set to run through Tuesday night as ECT searches for labour negotiators
Industrial action at ECT looks set to continue through Tuesday night with unconfirmed reports suggesting strikers may return to work on Wednesday morning.
- Third quarter Asia/N. Europe growth slows slightly
Figures released by the Far Eastern Freight Conference show that third quarter growth has slowed slightly over the second quarter, but the Asia/North Europe trades remain strong.
- Al Pierce’s retirement prompts TSA carriers to set new dynamic structure
- China-Australia peak season stretches carriers
- Dutch shippers aim broadside at FEFC and its hi-cube surcharge
- K Line and Yang Ming to combine two Asia-Med services
- AICTL, SCT in new alliance
- Vietnam set to join WTO, but immediate trade freedom is not a shoe-in
- Chennai second box-terminal to be handling cargo in a year’s time
- Indonesia’s domestic carriers slam terminals for refusing promised discount
- CMA CGM upgrading Caribraz service
- Brenner base tunnel not ready before 2022
- SAECS Intermediate service back onstream weekly
- Busan hails Maersk Line commitment
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| NOVEMBER 7, 2006 |
- Marital misgivings
Readers remain undecided on giving a Skuld – Swedish Club merger the green light.
- Aker gets smart
Shipbuilding group aims for $130m saving from combining best Finnish and French yard practices.
- Precious pales in comparison
Thai bulker owner’s boss Khalid Hashim says good 2006 profit cannot match up to boom years of 2004-2005.
- Old news perks up Diana
The share of Simeon Palios's Diana rose sharply today on a deal that shipbrokers had been kicking around since last week.
- Nest egg for Neste
Finnish oil refiner and shipowner pushes up profits from 30-strong fleet in first nine months.
- Exmar raises funds
Private placement nets EUR 75.2m for Belgian gas-carrier owner but share price falls off slightly.
- Anek exits Hellenic race
Recently-secured blocking majority in Hellenic Seaways by Laskaridis Shipping forces Anek Lines off share trail.
- Bulk reward for Courage
Singapore-listed bulker owner reports 135% increase in third quarter income on the back of continued high freight rates.
- Bulyard moves for Varna
Bulgarian group wants shipowner Navibulgar’s 25% stake in shipyard, giving it 100% control.
- Petrojarl forecast dry
FPSO owner being courted by Teekay sees third quarter profit rise but full-year figure to fall as oil fields deplete.
- Olsen sells FOE slice
Fred Olsen's holding companies offload 8% stake in rig and yard owner Fred Olsen Energy.
- Ocean Industries ups its game
Quebec shipbuilding and repair facility investing CAD 3m to boost drydock capacity.
- Costs curtail Odfjell
Norwegian chemical tanker owner clobbered by higher operating, admin and interest expenses in first nine months as profits fall.
- Malaysians ink offshore ships
Local yards get $50m boost as Jasa Merin and Tanjung Offshore book anchor handlers and supply boats.
- Quintana slumps to loss
Unrealised losses push US-listed Greek Kamsarmax bulker player into the red for third quarter.
- Jebsen cements fleet deal
Norwegian owner Kristian Gerhard Jebsen to buy cement carrier owner Belden Shipping in deal worth $240m.
- Conover named Seabourn boss
Ex-banker back in favour at Carnival with promotion to chief executive of up market cruise line.
- Prosafe on the prowl
Norwegian FPSO owner may need four more tankers to convert as nine-month profit grows.
- MOL looks to Jakarta
Japanese owner to launch new service between Korea and Indonesia using slot charter with Heung-A.
- Hanjin plans Thai link
Shipowner teams with two compatriots to launch weekly service between Korea and Thailand.
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| NOVEMBER 7, 2006 |
- TSA overhauls leadership
- Zim sells bonds in wake of new ship order
- "K" Line, Yang Ming to merge Asia/Med loops
- Europe/South Africa service to resume weekly frequency
- Hanjin, Sinokor, Dongnama to start Thailand service
- MOL to join Heung-A’s Korea/Jakarta service
- U.S. international air cargo up 6.6% in September
- UPS says it's ready for holiday volumes
- Polar adds U.S.-China frequencies
- United's October cargo down 2.6%
- Moyes makes move for Swift
- IANA reports record intermodal volume in 3rd quarter
- FTA wants to scrap London's 20-minute rule
- USTR upgrades Indonesia's IPR protection status
- USDA considers waivers for timely quota certificates for Mexican sugar
- Toyota visits Defense's U.S. Transportation Command
- Greystone introduces new plastic pallets
- Revised Los Angeles-Long Beach air pollution plan released
- Halifax Terminal being sold to Macquarie
- Box volume at major Chinese ports rises 25% in September
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| NOVEMBER 7, 2006 |
- Maersk signs for seven more years with MoD
The Maersk Co Ltd, London, in the A.P. Møller-Mærsk Group, has signed up with Ministry of Defence (MoD) for ...
- SFI takes suezmax contracts
Ship Finance International has assumed two suezmax tanker newbuilding contracts from Frontline. The Suezmax vessels, of 153,000 DWT each, will ...
- Several investors buys Mols-Linien shares
Several private investors in Denmark are interested in shares of Mols-Linien A/S's. The last of five investors is ...
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| NOVEMBER 7, 2006 |
- Confused OPEC comments keep markets guessing
Crude dropping today after firming yesterday as doubts raised over production cuts.
- New port plan brings forward ship, fuel controls
Final version of Los Angeles/Long Beach emissions action plan setting five-year ship pollution reduction targets.
- Strait of Gibraltar ports seek common ground
Traditionally competing ports seek to speak with one voice, call for common code on bunkering.
- Unexpected spot cargo sold to Singapore
Bunker-grade fuel oil spot cargo loading in Kuwait shortly after refinery fire shuts residue processing unit.
- Shipping low on the list of EU pollution sources
European inventory shows up road transport, private fuel use and agriculture as major sources of polluting air emissions.
- Rotterdam market firm Tuesday morning
- Dan-Bunkering opens Russian office
Danish firm expands its network and welcomes two experienced Russian traders to run new office.
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