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| MAY 9, 2006 |
Shipping News
- Toll goes to court to bar rival Macquarie bid
TRANSPORT and logistics group Toll Holdings began court action yesterday against takeover target Patrick Corp in a bid to thwart a rival bid for the ports operator led by investment bank Macquarie.
- AB Ports shares gain on report of higher offer
ASSOCIATED British Ports Holdings Plc's shares rose as much as 2.8 per cent after a report that investors led by Goldman Sachs Group Inc is close to increasing its offer for the largest operator of UK ports.
- China plans big port projects for south-east coast
CHINA plans a major new port project on its south-eastern coast near Taiwan, a step towards what it hopes will be 'free trade' with the island Beijing claims as its own, state media reported yesterday.
- Tianjin Port raises price range for US$1b float
- US-listed Sea Containers revamping to survive
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| MAY 9, 2006 |
- Hanjin Shipping Q1 net profit falls 58pc
- CMA CGM sees supply-demand balance for rest of 2006
- US Customs collect record duty in April
- CSCL to add 13 new vessels to fleet
- WW's Q1 net profit grows 40pc
- GAC Marine Logistics sets up Mumbai office
- MAS chief raises net profit target for MASkargo
- FedEx to expand Indianapolis hub
- Korean Air's Q1 net profit up 115pc
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| MAY 9, 2006 |
- Freight Systems Group on continuous growth curve
- Shipping cos all at sea as DG-CEI slaps fresh notices
- Global tanker fleet replacements to involve $ 7.5 bn spending
- IRA member lines to hike surcharge from May 15
- Coscon to serve Miami with new CUE liner service
- New ship deployed in Taiwan Straits service
- UASC posts net profit of $ 115 m in 2005
- F. W. Sørensen appointed Vice-President of Maersk Olie og Gas AS
- DPA announces major expansion of Hamriyah Port
- Rickmers-Linie establishes own subsidiary in Japan
- SAPO orders 12 E-One RTGs from Kalmar
- Soyameal exports up by 219 pc in April
- Chowgules set 1-day salt loading record at Navlakhi port
- 7 ports on DGS’ map for coastal shipping
- It takes 27 days to clear a container!
- Overloading ban comes as blessing in disguise for truck operators
- Star Freight moves 1st LCL import box from Tianjin to CWC’s ICD-Dashrath via DRT
- More to vie for cargo pie in the sky
- Crude oil imports up by 3.7 per cent to 99.4 million tonnes
- Duty-free import authorisation scheme comes into effect
- Excise duty exemption for denatured salt
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| MAY 9, 2006 |
- HPUK and LDH sign contract extension
- United Airlines Cargo partners with ATC in Germany
- Railion is investing and wants to enter France
- TNT Group sells fashion unit WE International BV
- Swiss digital tachygraph requirement from 2007
- ShipServ Pages launched as shipping industry search engine
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| MAY 8, 2006 |
- Pirates free ship after ransom is paid
- K Line orders 5 boxships
- USCG funding act threatened
- Cruise ship fire drama in Channel
- Yachtsman fined US$28,000
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| MAY 8, 2006 |
- Stelios inks cruise newbuild LOI with Neorion
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| MAY 8, 2006 |
- Portland Spirit welcomes Sternwheeler COLUMBIA GORGE
- Customs' ACE program sees record for duties, fees
- PDX noise committee schedules meeting in Vancouver
- Canadian/US Coast Guards ink deal to up border surveillance
- Insurance club nets ratings boost from Am Best
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| MAY 9, 2006 |
- Brussels bars publication of Turkey sea training report
THE European Commission has refused to make public a report on last year’s inspection of maritime training facilities in Turkey, which is said to have revealed "shocking deficiencies".
- Trio set sights on Scandlines purchase
GERMAN shipping company Deutsche Seereederei, Allianz Capital Partners and Danish pension fund LD Equity are seeking to buy ferry operator Scandlines.
- Toll takes Patrick to court over counterbid
TOLL Holdings took takeover target Patrick Corp to court yesterday in an effort to derail a counterbid by Macquarie Bank, writes Rob McKay.
- Front-runner Neorion to take on easyCruise newbuilds
GREEK shipyard group Neorion Holdings has emerged as the leading contender for an easyCruise newbuilding programme of up to four vessels of 500 berths each.
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| MAY 8, 2006 |
- Cruising maintains ‘berth control’
NORTH American cruise capacity growth will stay below its historic levels over the next four years, despite full shipyard slots, analyst Robin Farley predicts
- Erck Rickmers pushes for property
HAMBURG ship owner Erck Rickmers is pushing ahead with the diversification of his KG finance activities away from shipping
- Dhaka delays another demolition
BANGLADESH High Court has directed the country’s government to postpone entry of the Polembros tanker Alfaship for breaking up pending answers to awkward questions
- Labroy profit rises by 40%
SINGAPORE-listed Labroy Marine, which recently announced its first orders for rig building, has announced a 40% increase in net profit for 1Q06
- Transneft to expand oil transport role
- Toll hits back in Macquarie/Patrick battle
- New response team sent to cruise fire
- Taxman stops Volgotanker oil shipments
- MISC floats logistics ventures
- Pan United profit surges
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| MAY 8, 2006 |
- No peak-season container jam: Report
Report by retailers forecasts ports to be congestion-free for autumn peak season but finds soaring fuel prices could hit harbor trucking business.
- NAWE seeks review of longshore act
- Rate drop will force liner consolidation: Broker
- WTSA to raise beef, pork and poultry rates
- Customs completes Texas ACE installation
- "K" Line orders five ships
- China adding port 'clusters'
- UAL loss widens
- Deutsche Post will accept mail quid pro quo
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| MAY 8, 2006 |
- Invest in ports, or Asian imports will pass by, warns Maersk US head
Maersk Inc’s president and CEO has called for US ports to invest in more terminal capacity and deeper harbours, or lose the flood of imports from Asia.
- Tianjin Port spin-off approved by shareholders
The separate listing of Tianjin Port Holdings, the port business unit of Tianjin Development Holdings, has been approved by the state-owned conglomerate's shareholders in an extraordinary general meeting today.
- CIG Yangtze Ports falls short of break even volumes
- NYK containership collides with Chinese cargo ship
- Yang Ming extends LEX to Turkey
- Iran plans port-capacity increase to woo own cargo away from Dubai
- K Line bumps up fleet size with 6,400TEU ship order
- First Wuhan/Yangshan feeder to sail in May
- Klaipeda growth falls in April
- Kaliningrad sees box-drop after Kursiu Linija move
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| MAY 8, 2006 |
- Aries dividend shredded
Repairs force Nasdaq-listed owner to slash payout as costs on Citius and Bora spiral.
- StealthGas acquires trio
Harry Vafias’ listed gas carrier venture splashes out $38m to expand LPG fleet.
- Cruise control?
Confusion over preliminary cruise ship orders by Stelios Haji-Ioannou’s easyCruise as Neorion of Greece says the numbers are wrong.
- Nordcapital record payout
Another boom year for investors in Erck Rickmers shipping funds.
- Chemical reaction
Shreyas' shares leap 20% after unveiling new polymers COA, which should make Fidelity (HK) happy.
- K Line back at Imabari
Japanese giant signs for five big boxships at domestic shipbuilder as fleet renewal continues.
- Legal action over Hanjin yard
Philippine families sue local authority over village clearance for Subic Bay shipyard.
- Orders up at Jaya
Increased shipbuilding orders push profit up at Jaya Holdings of Singapore, but high costs dampen the result.
- More names in Scandlines hunt
Allianz Capital and Danish investor LD Equity join race for takeover of German-Danish ferry line.
- Jam tomorrow
US supply ship player GulfMark drydocks ships in anticipation of better rates in latter part of 2006.
- Pirates kill Indian sailor
One dead and two injured as $25,000 ransom paid to Somali pirates for release of United Arab Emirates vessel.
- Philly yard closes
Tanker design team proposing Ford Motors-style assembly line gives up dream of selling vessels.
- STX Pan Ocean bombs
Bunker prices plus falling freight rates take their toll at South Korean owner as profits fall 70%
- SeaCon SOS to staff
Debt-riddled UK shipping company Sea Containers asks London staff to chip in by opting out in voluntary redundancy drive.
- PUM seals newbuild deal
Singapore’s Pan United Marine to build $23m offshore vessel for UK-listed offshore company.
- Crew safe after dredger blast
All 19 men evacuated from Dredging Corp of India vessel working on new ship channel between India and Sri Lanka.
- ABG wins Coast Guard order
Indian shipbuilder to construct 11 interceptor boats for delivery from October.
- Hope fades for cape crew
Twenty six of Alexandros T’s 33 crew still unaccounted for as search operation is called off.
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| MAY 8, 2006 |
- "K" Line orders five 6,400-TEU ships
- Six missing after ship collision off Qingdao Port
- FedEx Express to expand Indianapolis hub
- BA's April cargo up 1.3%
- Con-Way provides electronic contact for Mexico logistics centers
- Toll takes action against Patrick executives for "soliciting" rival bid
- RFID container tracking company sold to Lockheed Martin
- Welch's signs deal with Weber Distribution
- LauritzenCool Logistics names SOCOTU as agents for Tunisia
- ACE monthly payments top $500 million
- Maersk's Bruner warns U.S. container terminal capacity running out
- NRF: Port still smooth as summer approaches
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| MAY 8, 2006 |
- New consortia to bid for Scandlines
Deutsche Seereederei (DSR), the German investment company Alliaz Capital Partners and the Danish investment company LD Equity has teamed up ...
- Coastal Express work to stem losses
Hurtigruten Group, in which the Coastal Express is an integral part, has drafted a plan to stem further losses. The ...
- Last Titanic witness dead
Swedish-American Lillian Asplund has passed away in her home in Massachusetts, USA aged 99. She was the last survivor ...
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| MAY 8, 2006 |
- Chemoil expands European presence
Supplier announcing new marketing manager and 'improved service'.
- West-East arbitrage flows high at 2.5 million mt in May
Arrivals into Asia in May remaining high, with limited uptake expected from Chinese buyers.
- Panama bunker report: Improve price and availability
Industry report focusing on the basics, recommendations in 4-5 weeks.
- O.W. Bunker Spain relocates, future expansion likely
Newly formed branch office moves to new premises.
- Middle East bunker supplier acquires two barges
With new bunker facility opening by year end, supplier acquiring two 3,800 tonne vessels.
- Quiet start to Rotterdam's week
- Japan: Bunker demand flat, prices up
Bunker activity flat after a long holiday for northeast Asian countries, particularly Japan.
- Cargo tank crack leads to bunker oil spill
Vessel spilling more than 20 mt of bunker oil in waters near one of Thailand's industrial estates.
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