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| FEBRUARY 9, 2006 |
Shipping News
- US shipbuilders pledge to cut navy destroyer cost: sources
GENERAL Dynamics Corp and Northrop Grumman Corp have told the US Navy they can pare the cost of each new DD destroyer by US$1 billion by the time the fifth ship is built, two sources familiar with the matter said.
- France prepared to take asbestos back
FRANCE will take back asbestos from a decommissioned warship heading for an Indian ship-breaking yard if the New Delhi government wants it to, France's ambassador said yesterday.
- We were told hours later: Egypt
THE presidential spokesman said on Tuesday that the owners of the Red Sea ferry that sank, drowning about 1,000 people, did not inform the government that the ship had sunk for nearly six hours after it went down.
- NZ's Freightways profit rises 20%
- Cargo ship runs aground, blocking Suez Canal
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- Coscon, Japan Freight join forces to provide rail-sea service
- UK P&I Club adds staff in China
- On-off Patrick takeover bid by Toll back on
- Up-and-coming Penang looks to the future
- Burg Industries, CIMC to merge
- K+N transports shoes to Pakistani quake victims
- JAL posts 6pc higher operating costs in Q3 FY2005
- Dragonair to offer direct flights to Shenyang
- World Airways resumes operations after strike deal reached
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| FEBRUARY 8, 2006 |
- Swissport restructuring and announces executive management appointees
- Mitsubishi launches the "Hatsu Smile"
- Virgin Atlantic starts sixth daily flight to New York
- Financial groups compete for Cargo Slovakia
- Rhenus opens new logistics centre in Hungary
- European Parliament adopts new social regulations
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| FEBRUARY 8, 2006 |
- Tetra adds to heavy lift fleet
- New warning on marine lubricants
- Wartsila power for ROV mother ship
- VLCC shortage ahead?
- BP charters for OSG Jones Act newbuilds
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- Port of Seattle sets record for container moves in 2005
- WTSA plans rate increases for number of categories
- Portland shipping clubs set for first Casino Night
- President's budget calls for $15 million for Columbia channel
- Overseas Shipholding Group inks charter pacts for new vessels
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| FEBRUARY 9, 2006 |
- US signals zero tolerance for polluters
WASHINGTON has laid down the law to shipowners and operators — pollute US waters and we’ll jail you or run you out of town.
- Jones Act resurrection is a ‘reality’ says OSG
THE award of BP timecharters on two product tankers being built in Philadelphia underpins a buoyant Morten Arntzen’s boast at the Hellenic/Norwegian-American shipping conference that the resurrection of the Jones Act is a “reality”, and that his company is the catalyst, writes Rajesh Joshi in New York.
- ABN Amro strides into FFA market
ABN AMRO is entering the $40bn a year Forward Freight Agreement market and has tipped the tanker sector for a punt in 2006.
- German KG financiers gaining foothold in India
INDIA has become a target for German KG financiers.
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- Cosco eyeing Greek ports
CHINA Ocean Shipping (Group) Company or Cosco has been holding discussions to buy stakes in Piraeus and Thessalonica ports
- Seafarer jailed for crew killing
A Canary Island seafarer who stabbed another crew member to death 'in self-defence' aboard a ferry has been sentenced to 30 months in jail
- Fincantieri closes in on Lloyd Werft
ITALIAN shipbuilder Fincantieri says it is about to secure an agreement to acquire a minority stake in German ship repair yard Lloyd Werft in Bremerhaven
- US cracks down on waste offenders
THE pace of American prosecutions for illegal oily waste discharges is increasing and fines levied against guilty operators will be made harsher
- Migrant Watch: US/Caribbean
- Bomb found in Ashdod port
- Volgotanker: salvation lies with state
- OSG bullish on tanker contracts
- Canberra sweats over Iraq allegations
- Financials 'uncertain' about shipping
- CIMC to float jv with Dutch firm
- OOIL reveals property deal
- Indonesia to streamline ports
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| FEBRUARY 8, 2006 |
- Bid mulled for top airports operator
A Spanish construction company is considering a takeover offer for British-based BAA, the world's biggest airports operator.
- Suez Canal blocked
- WTO rules against EU's biotech crop ban
- Expansion boosts Kingston volumes
- Fire forces landing for UPS jet
- Grimaldi opens U.S.-W.Africa ro-ro
- Seaway volume slips
- IBM expands supply chain services
- MISC joins INTTRA network
- Kitty Hawk expands network with Atlanta ground hub
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| FEBRUARY 8, 2006 |
- Subdued charter market awaits emergence of Maersk Line
Charter-market uncertainty has continued past Chinese New Year, with charterers and brokers focused on how P&O Nedlloyd volumes will be distributed, once Maersk Line becomes integrated with PONL.
- Military police put Rio Grande truckers’ strike on hold
The two-week-old truckers’ strike in Rio Grande was halted yesterday – at least temporarily – after special military police were called in to restore order.
- New IT platforms to boost HK cross-border trade
- BALtrans acquires South African forwarder
- Tanjung Priok and Koja rail link to expedite cargo
- Halifax getting new container distribution centre
- Temas Line to run Vietnam and Myanmar services
- Seaboard Marine adds Miami to West Coast South America Service
- Three operators chosen for Gwangyang's logistic complex
- Correction: COSCO in the Mediterranean
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| FEBRUARY 8, 2006 |
- OOCL Qingdao refloated
The 8,000-teu OOCL Qingdao is back on course for Southampton after grounding in the Suez Canal and blocking all traffic today.
- ABN Amro enters FFA market
Bank poaches trader from Goldman Sachs and predicts industry could grow to $180bn a year.
- Southern eyes port switch
Australian livestock carrier owner could leave Port Welshpool to boost capacity.
- Charman to step down early
Underwriter blames bitter divorce case though he will continue to work until end-2008.
- Fain pockets $3.7m
RCCL chief exec in the money after exercising - and selling - stock options.
- Cosco gets closer to Sinopec
Chinese shipping giant signs up to carry 6m tonnes of oil for domestic refiner.
- Indonesians eye Turkish bulker
FAS-led consortium wants to replace chartered vessel with one of its own to carry coal from Kalimantan.
- Danish owners to fight back
Shipowners’ association to appeal to EU if Iran boycott goes ahead.
- AP Moller inks Sasebo trio
Danish behemoth opts for aframax-dimensioned product carriers at Japanese shipbuilder.
- OSG confirms BP charter
US owner secures business for two more products tankers being built at Aker Philadelphia.
- Attica to sell again?
Greek ferry operator could follow sale of shares in Hellenic Seaways with Minoan Lines stock disposal.
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| FEBRUARY 8, 2006 |
- U.S. maritime administrator nominee promotes improved intermodalism
- MarAd to change rules for reimbursing MSP operators for repair work
- 78 senators urge water resources legislation floor action
- Yang Ming to charter slots on MSC Europe/U.S. Gulf service
- OSG charters two future Jones Act product carriers to BP
- COSCO’s Bob Krekel dies at 50
- Schwarzenegger outlines ambitious infrastructure strategy
- U.S. seeks WTO panel on Turkey's rice import restrictions
- PHMSA chief cites Coast Guard background at Senate hearing
- DHL introduces new shipping software
- ACI sponsors import compliance forum
- Performance Fibers selects Odyssey Logistics
- FMC reviews 5 OTI license applications
- N.C. ports authority gets approval to buy 600 acres for new terminal
- ICTSI launches new terminal in Manila
- Allen named Port of Everglades chief
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| FEBRUARY 8, 2006 |
- Maersk orders another three product tankers
AP Møller company Maersk Tankers has ordered another three 114,500 DWT aframax product tankers from Japanese yard Sasebo for delivery ...
- Euroafrica will expand
Polish Euroafrica, established by privatisation in 1991 and today the second largest shipping company in Poland, has decided to modernise ...
- Port of Göteborg to increase sponsorship in 18th century replica
The Port of Göteborg has decided to pour another SEK six million (EUR 650.000) into the adventure of the 18th ...
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| FEBRUARY 8, 2006 |
- American bunker prices resist bearish crude
Markets in the US slow to react to softer crude prices as light demand keeps prices steady.
- US targets 'epidemic' of pollution crimes
Justice official promising jail time for offenders and sanctions against companies who deliberately discharge oily water.
- DOE & API at a glance: This week's key US inventory data
- Lubmarine warns of further lube oil price rises
Lube prices will rise in the near future as producers seek to recover increases and balance the delayed impact of last year's substantial hikes in base oil and additive prices.
- New appointments at Infineum
- UK: Supplier gains additional storage with acquisition
Scottish bunker supplier, SBS Logistics Ltd announced this week the acquisition of Seaforth maritime for an undisclosed sum.
- Scrubbing costs need to be hedged, argues expert
Seawater scrubbing can offer environmental and commercial solutions for the refining and shipping industries, but operators need payment options, claims expert
- Rotterdam firm despite crude plunge
- Krystallon pledges fast reliable retro-fits for scrubbers
New scrubber manufacturer, Krystallon, has said that the company is confident of retro-fitting its sea water scrubbers within normal dry docking periods.
- Hong Kong: Demand slows on strong supplies
Hong Kong's bunker market has recovered from a tight supply situation last month, boosting strong availability, but demand remains low.
- Oil prices slip on easing concerns over Iran
Oil prices dropped sharply on easing concerns over Iran's nuclear research programme.
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