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| APRIL 13, 2006 |
Shipping News
- Tracking device on all small vessels by Feb 2007
WITH renewed warnings of the reality of terrorist threats to the Strait of Malacca and Singapore, the Republic's maritime regulator said it is mid-way through its plan to put identification transponders on the 3,000 small vessels operating in port waters.
- India aims for US$10b investment in ports
INDIA plans to get US$10 billion of foreign and private investment in ports in the next six years to upgrade seaport facilities and meet the growing trade demands of Asia's fourth-biggest economy.
- Patrick gets official nod to acquire FCL
PATRICK Corp, which is fighting a hostile A$5.3 billion takeover bid from Toll Holdings Ltd, won regulatory approval for its planned A$142 million acquisition of FCL Interstate Transport Services Pty.
- Tanker rates may fall in Q2 as fleet grows, demand falls
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| APRIL 13, 2006 |
- Cosco earnings up 31 per cent
- New dedicated container port at Le Havre opens
- UPS survey finds SMEs fear HK is losing regional transport hub status
- Singapore proposes immunity for lines from Competition Act
- Cosco starts direct China-Greece service
- WTSA to impose veggie rate increase
- Finnair orders A350s, A340s to fly to Asian destinations
- Globe Express forms partnership with Russian firm
- Danish minks flown to China
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| APRIL 13, 2006 |
- Evergreen, Hapag-Lloyd & Wan Hai to launch new service (CIX) linking India with China
- Dongnama’s weekly Fix service to call at Nhava Sheva too
- Seamen who died in harness remembered at Vizag Port’s Maritime Day fete
- m.v. Goan Pride touted as effective, cost-saving transhipment solution
- Alcock Ashdown bags major order to build 8 oil tankers
- CSL-built bulk carrier delivered to Clipper Group
- Interactive meeting with Cyprus trade team today
- L&T may set up shipyard in Kakinada
- Another greenfield port to come up at Nizampatnam in AP
- ABG Shipyard bags order to build 6 more tugs
- Vizag Port’s ideal location for crude, POL cargo underscored
- VCTPL convinces Hyderabad trade of its mettle in offering tailor-made solutions
- CHENSAA wins golden jubilee trophy in cricket tournament
- MoS panel to look into raising retirement age of port workers
- Eastern Rly posts 10.5 pc growth in freight traffic in 2005-06
- CONCOR to set up cold storage chain in Haryana
- Mergers & acquisitions to continue among big players, says report
- AIAI holding ports & shipping seminar on April 18
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| APRIL 13, 2006 |
- DDS Logistics names new manager
- MacAndrews in talks with Kursiu Linija
- Air Proxy wins Lufthansa for Latvia
- Sibelit: new initiative for Europe's railfreight traffic
- Hella chooses Kuehne + Nagel as service provider in China
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| APRIL 12, 2006 |
- US draft Act threatens wind farm, foreign-flag LNG carriers
- Horizon finalises Ship Finance lease deal
- Cosco’s record year
- Embiricos wins Seatrade Award
- Stolt-Nielsen in Gulf Navigation deal
- "No structural damage" to Graig bulker
- Italia Marittima boost shortsea services
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| APRIL 12, 2006 |
- Awilco orders another jack-up
- Labroy bags cement carrier order
- MAN B&W makes inroads offshore
- Hercules Offshore prices IPO
- Horizon Lines completes box ship deal
- Stolt Nielsen finds Arab Gulf partner
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| APRIL 12, 2006 |
- Horizon Lines closes deal for five new container ships
- Bellingham waterfront redevelopment shifts focus to economics of plans
- Port of Portland director schedules community forum
- Kinder Morgan reaches deal for pipeline safety upgrades
- Shipping industry team plans to develop container center
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| APRIL 13, 2006 |
- Strike hits North Sea ferries
A 24-hour strike hit ferry services between the Netherlands and the UK today as last-ditch collective labour agreement talks in the Netherlands broke down late last night.
- Whittington eyes syndicate in Singapore
LLOYD’S is considering giving the green light to a new syndicate which would intensify its involvement in the Asian market from its Singapore base.
- OUB Asia steps in to prop Omega shares up
ABOUT two-thirds of the volume on Omega Navigation’s lacklustre first day trading on the Singapore Exchange came from issue manager OUB Asia as it took “price stabilisation” measures.
- Security threat puts QE2 on high alert
CUNARD’S Queen Elizabeth 2 was on heightened alert after a security threat to the cruiseship which called in Alexandria yesterday on the final leg of a world cruise.
- Eurotunnel strives to keep creditors at bay
EUROTUNNEL has asked creditors for a third extension to its debt restructuring discussions and delayed yesterday publishing its 2005 accounts.
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| APRIL 12, 2006 |
- Oceania poised for growth leap
OCEANIA Cruises has confirmed that newbuilding plans are on the fast track, financing options are in place, and that new vessels will be larger than its three R-class ships
- Cunard alert after threat to QE2
CUNARD cruise ship QE2, carrying 1,700 passengers, is reported to be under guard in Alexandria, Egypt, today after being the subject of a security threat
- Break-bulk demand 'overwhelming'
- Migrant Watch: US/Caribbean
- Disused dock may aid demolition
- Gutted Fortune approaches Salalah
- PDVSA targets Cuban refinery
- IRISL near agreement in Iraq, Oman
- Hunt is on for Newfoundland polluter
- Ship Finance seals Horizon deal
- Pilot helicopter damaged in storm
- Seattle migrants prompt questions
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| APRIL 12, 2006 |
- Developers are looking further inland, away from ports for distribution centers
Developers are facing a shortage of space near ports as surrounding communities resist growth and truck traffic that comes with it.
- N. Carolina closes on land for new box hub
- Cosco volume up 20% in 2005
- ILWU warned on lax security at Port of Oakland
- Zim upgrades Tampa service
- Horizon Lines charters five ships
- McLean Container Center to open
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| APRIL 12, 2006 |
- Rotterdam ro/ro terminal strike, as ECT action seems to be contained
Labour disruptions have spread at Rotterdam, with dockers at three ro/ro terminals stopping work at 07:30 this morning, after a wildcat strike last night by ECT dockers.
- Controversial SA transhipment hub to get final funding
Some R2bn (US$327.92m) will be spent completing the port of Ngqura (Coega) near Port Elizabeth, general manager of South Africa’s port management company Hamilton Nxumalo revealed this week.
- Second quarter surge unlikely to stave off charter slide, say brokers
- ACCC clears Patrick’s FCL takeover
- Further complications for Lyttelton sale
- Trio launch sub-continent service to from Taiwan and China
- FAL upgraded with 1,200TEU newbuild
- Hong Kong to amend container safety law
- Yantai Q1 throughput surges 141%
- China cargo lifts Inchon throughput
- Petersburg plays down G8 shipping closure threat
- NVOCC licence to boost Hanjin's China operations
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| APRIL 12, 2006 |
- Options on Horizon
Chuck Raymond has picked up options to buy over 100,000 Horizon shares and other employees have done nearly as well.
- Titan in products push
VLCC owner Titan Petrochemicals intends to buy or charter ships over two years to back up an expansion into products distribution.
- Hawaii barge buildup
Saltchuk-owned Young Brothers Ltd will convert an oceangoing deck barge to pure ro-ro as first step in a $186m, 10-year fleet renewal.
- New life after 24-year layup?
A US bulker is in the drydock and could be brought back into service after 24 years in layup.
- Golden Ocean boosts liquidity
Company arranges 'opportunistic' sale of Lake Sequoia but takes a $9m accounting hit.
- Ship hits whale
Cargo ship undamaged after a collision with a whale off the coast of Canada.
- NITC eyes LNG deals
State owned Iranian tanker company plans order bonanza for at least 30 LNG carriers.
- Titanic drop
Hong Kong owner reports massive fall in profits due to expansion costs and weak VLCC markets.
- Chilled freight rates rise
Pacific container lines to impose $300 per feu increase on US vegetable exports.
- Fake captain collared
Suspected fake ship captain offering jobs at sea arrested in sting operation in the Philippines.
- Reykjavik raider returns
Tryggingamidstodin is back with a $137.5m chest of cash to buy Norwegian underwriter Nemi.
- NOL gets downgraded
Analyst rates Singapore's Neptune Orient Lines a "sell" and says it may end the year in the red.
- IRISL pursues Mid-East joint venture
Iranian container owner said to be in final talks with Oman and Iraq over shipping collaboration.
- Leave it to us
Suez green subsidiary Sita offers services to French government for recycling of aircraft carrier Clemenceau.
- Wallem price close to $80m
Major shareholder Caledonia reveals price paid by new owners to buy Hong Kong shipmanager.
- Profits jump at Cosco Holdings
Cosco container arm sees 2005 profits increase by over 30% on back of thriving global economy.
- SFL seals boxships
Ship Finance International (SFI) completes deal to buy five containerships for charter to Horizon.
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| APRIL 12, 2006 |
- Australia competition commission clears Australia/Europe conference
- Ship owners declare General Average for "MOL Initiative" cargo
- Teamster official to speak to Maersk about work conditions
- MOL names Multi-Shipping as agent in four Eastern Europe countries
- Hong Kong-listed parents refute Cathay Pacific takeover speculation
- Cathay's March cargo rises 10%
- China agrees to new route to cut flight times
- Emirates SkyCargo expands Europe network
- Lufthansa's cargo down 1% in 1st quarter
- North American Airlines to add more U.S./Africa services
- Continental Airlines, Alitalia start homeland codeshare agreement
- BNSF to become first U.S. railroad with presence in China
- RailAmerica's carloads down 5.2% in March
- U.S. soybean shippers renew marketing agreement with China
- Florida opens panhandle inspection station
- Strand to chair environmental committee
- Econocaribe, LCL Agencies India expand linkup
- FMC reviews 15 OTI applications, revokes 10 licenses
- Coast Guard says ILWU endangers security in Oakland
- Marine officer association gives support to California LNG terminal
- Palm Beach planning inland intermodal terminal
- Kalmar establishes South African subsidiary
- Port of Tanjung Pelepas' Sidik head of Malaysian port group
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| APRIL 12, 2006 |
- Profit up in Århus after sale of land
Port of Århus came out of 2005 with a nice and much bigger profit that in the previous year. For ...
- Swedish navy vessel to Scottish company
Hays Ships of Aberdeen, the Danish/Scottish operator, has purchased the former Swedish naval support vessel "Gålö". The vessel has ...
- "Pride of Telemark" to Strømstad next month
Passenger/car ferry "Pride of Telemark" will start scheduled sailings from Langesund to Strömstad sometime in May, according to managing ...
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| APRIL 12, 2006 |
- Crude steps back from the brink, bunkers go higher
Oil near record levels prompting market concerns, with no end in sight to volatility.
- New ex-pipe berth boosts Aruba volumes
Supplier reporting good results from expansion but yet to see full potential.
- DOE & API at a glance: This week's key US inventory figures
- 2005 profits slide, but 2006 looks better, says Titan
Slower Chinese import growth, falling freight, depreciation, high interest and increased bunker fuel costs blamed for lower 2005 profits.
- Titan: Bunkering businesses expanded revenue 140% in 2005
Distribution businesses comprising bunker operations saw revenues grow, while Hong Kong operations increased market share by doubling volumes.
- Rotterdam: Many suppliers fully booked into next week
- Singapore: First underground storage caverns expected in 2009
Minister for Trade and Industry announcing the republic's underground storage project will break ground this year.
- Vopak commissions $310 million Banyan Terminal in Singapore
The new terminal brings Vopak's Singapore storage capacity to 1.9 million m³ for oil and chemical products, with more to come.
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