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| JUNE 13, 2006 |
Shipping News
- Global union warns of abuses of seafarers
A new report by global union, the International Transport Workers' Federation , has warned of the 'hidden horror' of routine human rights abuses of seafarers due to systemic failures in the international regulatory process.
- British ports to fall into foreign hands
THE vast majority of British ports - including Southampton, Immingham and Port Talbot - are poised to fall into foreign hands with an agreed bid from a consortium led by American bankers Goldman Sachs close to completion, according to a report in The Guardian.
- Hyundai Heavy buys Merchant shares
HYUNDAI Heavy Industries Co, the world's largest shipbuilder, said its 18.4 per cent stake in South Korea's largest shipping company will be diluted, after it agreed to buy new shares sold by Hyundai Merchant Marine Co.
- Carnival orders 2 cruise ships worth 750m euros
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| JUNE 13, 2006 |
- Zim Asia-Gulf of Mexico service to set sail soon
- China's trade surplus soars 136pc in April
- Zim orders eight mega vessels
- Carriers take advantage of growing Indonesia-African trade
- Australian Customs: ICS implementation could have been 'smoother'
- Work on new Ho Chi Minh container port to commence
- Sinokor opens Malaysia office, launches Asian service
- Hactl questions Cathay/Dragonair merger
- MASKargo receives freighter
- Qantas Freight to become GSA for ABC in Australia
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| JUNE 13, 2006 |
- Italia Marittima & Zim to launch new transatlantic service
- PTP receives award for box productivity
- "K" Line to upgrade CSG service
- Service to Canada launched from XICT
- Hutchison to build & operate Barcelona terminal
- MOL to invest $ 5 bn in 43 new dry bulk carriers
- Maersk opens branch office in Nantong
- Transpacific carriers impose higher peak season surcharges
- AXSMarine presents AXSLiner
- DP world eyeing Pakistan’s Gwadar port deal
- Famous Pacific Shipping brand rolled out in Indonesia
- CMA CGM signs 15-yr pact with Savannah
- Coscon offers Qinzhou-HK liner service
- U-Freight rolling out single brand for oceanfreight
- Indian Navy set to torpedo piracy in Malacca Straits
- Shipowners propose ‘Seafarers Tax’ to arrest exodus
- Registration for ICS exams begins
- Varun Shipping delays listing on Singapore exchange
- Ficci, Bangla chamber suggest major steps to boost bilateral trade
- Kazakhstan signs MoU with Texprocil to promote textile exports, joint ventures
- MoF, Planners oppose move to provide budgetary support
- IGT-CoPT sessions with ex-im trade bring out ‘The Power of Partnership’
- Maersk India inaugurates second state-of-art CFS near JNP
- 16 pc rise in Rlys freight earnings
- Rlys to offer 30 pc discount in freight rates
- Forex reserves up by $ 1,937 million to $ 1,64,529 million
- No CVD levied on imports under 4 export schemes, explains Revenue Dept circular
- CII survey of Andhra industries notes impressive growth in textiles, need to gear up infrastructure for mfg sector
- Ficci spells out 10-point formula to achieve 12 pc growth in manufacturing sector
- Sops for STPI should continue-Maran
- Foreign Trade Policy Analysis: Current Trends-By M. Sreedharan
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| JUNE 12, 2006 |
- LKW WALTER Group: Franz Krauter is 85
- Italia and Zim to launch trans-Atlantic service
- British Airways to debut at Nottingham East Midlands
- USA: Schneider to start dedicated Ohio intermodal service
- Kuehne + Nagel wins contract with Organon Ireland
- Foreign driving licences valid in the EU
- SITL South China 2006 trade fair opening soon
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| JUNE 12, 2006 |
- Fincantieri delays hit Finnlines deliveries
- Warsash sees world’s first LNG competence tests
- No spill from Channel tanker collision
- ITF warns of human rights abuses at sea
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| JUNE 12, 2006 |
- Fire breaks out on commuter ferry
- Teekay plans a spin off
- Carnival orders newbuilds
- ABG books another order from Vroon
- More orders for ASL
- Sea Containers sells Silja
- MacGregor parent to acquire BMH Marine
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| JUNE 12, 2006 |
- Port of Portland names Mukouchi director of Japan office in Tokyo
- NYK enters training agreement with Vietnam Maritime University
- Carrier for Portland/Vancouver subject of Propeller Club lunch
- Corps holding public meeting on Columbia mouth dredging plans
- Carnival building vessels for European cruise market
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| JUNE 13, 2006 |
- Costa lines up €1.17bn newbuild trio
COSTA Crociere has placed orders for three new cruiseships. Two, worth €420m ($490m) each, are for its own fast expanding fleet while a third € 330m order has been placed for German market specialist Aida.
- Goldman-led ABP deal expected by weekend
THE Goldman Sachs-led £2.5bn ($4.6bn) takeover of Associated British Ports could be concluded by the end of this week, according to press reports.
- Navarro backs Panama Canal expansion
PANAMA’S president will formally present to the country’s parliament the $5.25bn Panama Canal expansion plan in the next few weeks, as a step towards a national referendum on the issue by the end of the year, writes Julian Bray.
- Tallink swoop ends months of speculation over Silja Line’s fate
ESTONIAN company Tallink has brought to an end almost a year of speculation surrounding the future of Sea Container’s Finnish ferry business Silja with a successful€469m ($548m) offer.
- Maersk megaship damaged by fire at Odense
DELIVERY of Maersk’s first 11,000 teu containership is expected to be delayed after the ship, under construction at Odense shipyard, was severely damaged in a fire last week, writes Sandra Speares .
- Stock issue to raise funds for raid
TALLINK is to issue new stock worth €50m ($63m) to help finance its move on Silja Lines.
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| JUNE 12, 2006 |
- Hurricane warning for Tampa
THE season’s first tropical cyclone formed over the weekend in the north-western Caribbean and drenched western Cuba with about 46cm of rain in a day
- Turkish bulker still aground
TURKISH-registered bulk carrier Kiran Asya ran aground west northwest of Mapun Island, Tawi-Tawi in the Philippines during the weekend
- KG financier to launch in Hungary
AFTER a successful product launch in Austria, German KG financier HCI Capital is now making a foray into the Hungarian market
- Goldman Sachs closes in on ABP
An international consortium led by Goldman Sachs is rumoured to be very close to making a full bid for ABP Holdings, the UK’s largest port operator
- Carnival adds euro tonnage
- Tallink finances Silja takeover
- Canadian court backs port state
- Port progress for Venezuela
- NOL chief exec Lim to leave
- NYC cruising shifts to Brooklyn
- Caribbean passport delay urged
- Tallink picks up Silja for $594M
- Cruising tackles norovirus
- Port of Spain: congestion surcharge
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| JUNE 12, 2006 |
- Tropical storm spurs port warnings
Some Florida ports were under hurricane warnings and others were bracing for high winds, heavy rain as Tropical Storm Alberto churned in the Gulf.
- NOL's Lim to step down
- Lines plan higher surcharges for U.S. ag exports
- British terminal operator could get $4.6B bid
- Labor calls on UN to probe abuse of seafarers
- Trans-Atlantic lines extend fuel, currency charges
- Fire sale: Hyundai Fortune sold to Greek operator
- Cathay buys Dragonair
- Teekay plans offshore IPO
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| JUNE 12, 2006 |
- David Lim's NOL departure prompts global CEO search
David Lim, who has been group president and CEO of Neptune Orient Lines since July 2003, is to leave the company in H2 this year.
- HHI to participate in HMM's capital increase programme
South Korea's Hyundai Heavy Industries announced today it will participate in the capital increase programme of Hyundai Merchant Marine, which initially aimed to prevent HMM from possible HHI's hostile takeover.
- Jakarta woos investors back to BIP with promise of better business regulation
- JadeWeserPort holds planning hearings
- Labour agreements aim to release Marseilles from growth-constraints
- DPW appoints consultant for Vallarpadam terminal
- China strengthens land network with ASEAN countries
- Central Asian road links to China increased
- NYK Line sails into Black Sea region, with start of new feeder
- Demand pushes up frequency of Gwangyang-Seoul rail service
- Atlantic hurricane season opens, with Tropical Storm Alberto
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| JUNE 12, 2006 |
- Carnival orders three
Fincantieri and Meyer Werft the chosen ones for huge $1.47bn three ship order from Carnival Corp.
- Saudi six-pack
National Chemical Carriers is boosting its chemical carrier fleet to 23 with a six-ship order at Korea’s Shina Shipbuilding.
- One missing off New Zealand
Search stood down for Chinese seafarer overboard a Taiwanese tanker outside Wellington Harbour.
- Teekay spins off shuttles, FPOs
Vancouver group to repeat successful formula of Teekay LNG, as board authorises more share buybacks.
- Varun waits a little
Indian tanker and gas carrier owner not filing full Singapore listing prospectus until markets improve.
- Zim Asia prosecutors call witnesses
Israelis want testimony from surviving Japanese fisherman plus other Japanese nationals in boxship collision case.
- Coming to a stock market near you...
DVB Bank is all set to underwrite IPOs in the US, now it just has to win mandates.
- Tallink seals Silja deal
Estonian ferry owner to pay Sea Containers $594m in cash and shares for Sea Containers’ Finnish operation, making it a major power in the Baltic.
- Vroon back at ABG
Dutch owner repeats order for diving support ship at Indian yard.
- Suez Canal breaks record
May revenues are highest monthly total ever for Egyptian waterway.
- Star buys four
Norwegian reefer owner exercises purchase option of four chartered-in vessels for $31m.
- Silja deal vital for struggling SeaCon
Ferry and container group desperate to bank Tallink’s cash as it faces big interest payments and settlement costs in GE SeaCo dispute.
- Jinhui back at Oshima
Recent seller turns buyer with $30m order for handymax at Japan’s Oshima Shipbuilding.
- Master gets life
Skipper of Champion Pioneer to spend rest of his days behind bars for ship killing of crewman.
- Pappadakis joins GOC
Greek owner and Intercargo chairman named as non-executive director at Global Oceanic Carriers.
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| JUNE 12, 2006 |
- Carrier tells ag shippers to accept surcharges, free time penalties
- NOL boss Kim to leave company
- Sea Containers to sell Silja to clear books
- WITASS to lower Trinidad congestion surcharge
- Brazil's Varig nears end of the line
- Cathay's May freight volumes up 5.3%
- Norfolk Southern moves record coal shipments in May
- BIS plans rulemaking that moves away from China "catch all"
- Port of Long Beach recognizes clean air achievements
- Ceres Terminals names DiVirgilio senior VP, development
- Port of Portland brings in new Japan rep
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| JUNE 12, 2006 |
- Tallink buys Silja
The process to find a buyer for Silja Oy Ab has finally come to an end as AS Tallink Grupp ...
- Tallink continues under the same flags
On a press conference in Tallinn the CEO of Silja Oy Ab Antti Pankakoski and the CEO of AS Tallink ...
- Container newbuilding damaged by fire
Late Friday evening last week, a fire broke out onboard a new container ship, hull no. 203 at Odense Shipyard ...
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| JUNE 12, 2006 |
- Argentina suppliers react to MGO shortage rumours
Avails reported as good, but advising to book ahead during coming months.
- Florida supplier ready for season's first hurricane
Heavy rain and storm surges predicted, but no disruptions to services yet.
- Eight double-hulled barges for K-Sea
New York barge company outlining replacement and expansion plans.
- New bunkering vessel celebrated in Antwerp
Oil major plans to use new tanker to service low-sulphur market in the region.
- Rotterdam: Overall Q1 throughput stable year-on-year
The port of Rotterdam provides a number of reasons why the port failed to maintain the growth seen in 2005.
- China: JV agreements finalised for oil and petrochemicals terminal
JV companies formed for operation of terminal and jetty facilities at new state-of-the-art complex.
- New bunkering team member for Curoil
- Dubai exchange planning Q4 launch of fuel oil contract
New product launched at DGCX today, two new future contracts planned for Q4.
- Crude rollercoaster pushes Rotterdam back up
- WFS declares regular quarterly dividend
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