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| FEBRUARY 14, 2006 |
Shipping News
- Asian shippers boost surge at southern US ports
CARGO ships loaded with sports shoes, cutlery and other Asian imports are increasingly bypassing West Coast docks for longer voyages to thriving seaports in the southern United States.
- Box handling by PSA, Jurong Port continues to rise
GROWTH in containerised cargo volumes which helped Singapore overtake Hong Kong as the world's busiest container port last year has continued, with both PSA International and Jurong Port handling an increased number of containers last month.
- Hutchison to invest in New Zealand's Lyttelton Port
HUTCHISON Whampoa Ltd, the world's largest port manager, will buy a stake in New Zealand's biggest coal-shipment facility, making its first investment in the southern hemisphere to tap growing exports to China.
- French asbestos ship: Indian court seeks details
- Frontline may place US$420m supertanker order
- China's African oil fields may boost tanker demand
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| FEBRUARY 14, 2006 |
- China to boost port capacity by 80pc by 2010
- BALtrans acquires South Africa's Clover Cargo
- ABD voices concern over `myriad' of East Asian trade pacts, paper says
- `Made in China' tag misleading, newspaper argues
- Weihai speeds up development of transport network
- U-Freight doubles presence in LA, welcomes Comax in San Francisco
- Xiamen Airlines receives 1st of 5 leased Boeing 737-800s
- Fraport's perishables centre to grow
- UPS starts Saturday deliveries, names Scott Davies as director
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| FEBRUARY 14, 2006 |
- Rickmers-Linie to enhance frequency of services from India
- Budget may provide dredging companies a better deal vis-à-vis revenue returns
- DCI Board declares 60 pc interim dividend
- MOL, Maersk Line, Safmarine offer S. Africa-Europe loops
- Hatsu Smile launched for Evergreen Group
- CSCL to launch 3 global services this year
- Hamburg Süd and CSAV in slot swap
- Evergreen deploying bigger vessels on new Bintulu service
- Temas Line to offer Asian service
- Japanese team seeks tax sops to invest in India
- Mauritius beckons Indian seafood trade
- Exim Bank’s Samurai bond attracts 23 b yen
- Ban on import of livestock extended
- Service tax rebate for exporters on cards
- Imports of sensitive items drop
- Import duty on naphtha may be uniform 5 pc
- Pesticide exporters want rationalisation of norms
- Oilmeal exports up by 36 pc
- Dhamra port project may achieve financial closure next month-end
- NMPT celebrating Silver Jubilee today
- Railways confident of surpassing coal freight target
- Forex reserves up by $ 37 million to $ 1,39,481 million
- New Chief Commissioners for Vizag, Hyderabad zones
- BCC&I seminar on ‘Countering Counterfeit’ on February 16
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| FEBRUARY 13, 2006 |
- Marnetté new TNT Express senior sales manager
- PSA drops P&O bid
- Airlines lose fight to keep Tegel airport
- CargoNet launches new intermodal system in Sweden
- GeoPost finalises acquisition of Exapaq
- Pakistan and Malaysia to hold FTA negotiations
- Savi Networks extends SaviTrak to Pacific ports
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| FEBRUARY 13, 2006 |
- VLCC shortage looms says Galbraith’s
- Schat-Harding stresses need for maintenance and inspection
- Baltic move to limit shareholdings
- Ecstasy breaks loose in New Orleans
- Busy start to SvitzerWijsmuller’s year
- Genmar sells OBOs
- Siem Offshore orders at Aker
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| FEBRUARY 13, 2006 |
- Chinese yard expands use of AVEVA
- USCG stops runaway FEMA cruise ship
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| FEBRUARY 13, 2006 |
- Matson announces conversion plans for C-9 box ship to ro/ro vessel
- US Cruise traffic up for first nine months of '05
- DHL ready to deliver Valentine's Day flowers
- Swanstrom elected president of Port of Kalama Commission
- Federal data shows railroads improving safety record
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| FEBRUARY 14, 2006 |
- P&O shareholders vote to accept DP World takeover
P&O SHAREHOLDERS voted overwhelmingly in favour of DP World’s $6.8bn takeover offer late yesterday but not before the board had faced angry questioning over the sale of the company to a foreign buyer from a small but vociferous band of opponents.
- Merchant Navy pension fund hit by P&O pull-out
P&O is to cease payments of around £6m ($10.4m) a year to the Merchant Navy Ratings Pension Fund.
- Mergers are not on the agenda, says incoming DNV chief
INCOMING Det Norske Veritas chief executive Henrik Madsen does not expect to see mergers and acquisitions of classification societies and says DNV will pursue growth in "other ways".
- Marc Rich executives lead blank cheque IPO
A GROUP of former Marc Rich executives is part of the promoting team behind a new blank cheque company seeking up to $172.5m to buy petroleum refineries, terminals or tankers.
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| FEBRUARY 13, 2006 |
- Iraq suspends relationship with AWB
THE Iraq Grain Board has suspended its business relationship with Australian wheat exporter AWB Ltd until the Cole Inquiry finishes its investigation into the exporter's oil-for-food kickbacks
- INTTRA ramps up
INTTRA’S global e-commerce platform has posted strong gains in recent weeks, adding two new carriers to its network – MISC and CSAV
- Belize, Guatemala talk maritime borders
MARITIME borders between the Central American countries of Belize and Guatemala were again on the negotiating table last Friday in Washington, DC
- Court passes Clemenceau buck
INDIA'S supreme court today passed the onus of deciding whether to admit the French aircraft carrier Clemenceau back to the Union government and Customs department
- Berlin calls for next maritime round table
THE German federal government has called for a fresh dialogue with ship owners, builders and trade unions over its future maritime policy
- Norddeutsche cautions investors
PRIVATE investors in Germany have to look hard for decent KG shipping funds as margins are being squeezed, says KG veteran Norddeutsche Vermögen
- Ecstasy takes unplanned trip
- Plane crash at port illustrates security gap
- Muted marking for Maersk’s new beginning
- Brazil invests in shipbuilding skills
- Princess buy signals hope for Med cruising
- Wärtsilä acquires Total Automation
- Norwegian shipping wilting, says Fredriksen
- Keppel worker killed in fall
- New bidder enters Fesco race
- New Rif in French repertoire
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| FEBRUARY 13, 2006 |
- P&O shareholders approve DP World bid
The vote is the last major hurdle to the Dubai company's acquisition of P&O, which has 29 container terminals worldwide.
- TACA maintains bunker surcharge, lifts currency fee
- EU, Central America eye free-trade pact
- Seaway tolls to rise 2 percent
- WTO backs ruling against US tax breaks
- CSX, Baltimore settle lawsuit
- MOL’s Ray Keene retires
- Kaohsiung invites bids for box terminal
- RailRunner appoints director of business development
- Port of Tianjin plans $875 million upgrade
- Deutsche Post seeks stake in Williams Lea
- India opens ports to Chinese investment
- Calcutta to add box terminal
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| FEBRUARY 13, 2006 |
- COSCO outlines plans for Greek port operations
COSCO Pacific revealed its plans to Greece’s Port of Piraeus in the first round of discussions with Piraeus Port Authority and the country’s Ministry of Merchant Marine, today.
- Indonesia planning Lamong Bay as Tanjung Perak alternative
Indonesia’s Pelindo III is targeting an April tender for construction of Lamong Bay box-terminal, but this depends partly on consent from P&O Ports, which has interests at nearby Tanjung Perak.
- Korea/China volumes induce new services
- CTOA to meet India’s trailer overloading restrictions
- Long Beach: terminal ‘back to normal’ after plane crash
- Heavy New York/New Jersey snow causes disruption
- Comments period closing on POLB Middle Harbour reorganisation
- P&O sale to DP World voted through by shareholders
- Virginia volumes continue to rise
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| FEBRUARY 13, 2006 |
- Six on Hong Kong list
PDZ and DS Schiffahrt boxships feature on January’s detention rap sheet.
- Give us your money
New blank cheque IPO targets energy sector but investments could be in refineries, terminals or tankers.
- Cosco Singapore booms
Healthy dry bulk shipping and vessel repair markets result in record figures for Singapore listed offshoot of Chinese maritime giant.
- Citius costs hit $5.6m
Repairs to Aries Maritime Transport products carrier that had deck crack patched with “plastic steel” to take four months.
- Louis adds cruise ship
Cyprus based cruise line splashes out $35m on Birka Princess to lift its fleet to a dozen.
- Dubai seals P&O victory
Shareholders vote 99.5% in favour of selling historic UK shipping company.
- Arroyo confirms Hanjin yard
Philippine president says Korean shipbuilder to spend $1bn on building world’s fourth-biggest shipyard in Subic Bay.
- MSC fears cruiseship duopoly
Italian owner to protest to EU over Aker’s takeover of Alstom yards, leaving it and Fincantieri as giants in the field.
- Trogir takes the money
Croatian yard secures loan to help with busy production schedule and restructuring programme.
- Siem takes options
Norwegian offshore player adds final two supply ships to order at Aker Brattvaag.
- One dead in yard accident
And another worker injured in incident on FPSO at Keppel shipyard in Singapore.
- Baltic moves to cap stakes
Exchange launches share buyback initiative as it looks to prevent concentration of ownership.
- Ecstasy breaks loose
Carnival ship housing New Orleans police post-Katrina goes adrift after high winds snap mooring lines.
- Sanko charters out Angel
Japanese owner secures employment for up to three years for subsea operations vessel newbuilding.
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| FEBRUARY 13, 2006 |
- Hamburg Sud to open Mexico office
- Keene retires from MOL (America)
- Cathay's cargo up 22% in January
- Canada border business oppose passport rule
- Canada PM names cabinet
- DHX to spin off air division
- IJS Global partners with Thai air cargo agent
- Everich relocates Hanoi, Hai Phong offices
- DP World passes Bush administration scrutiny
- Reef study will delay Port Everglades channel deepening
- Termont Montreal to handle MSC cargo at Port of Montreal
- Jurong Port box volumes up 2.7% in January
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| FEBRUARY 13, 2006 |
- Baltic Sea accidents on the rise
A new report from the Helsinki Commission, Helcom, shows that there were 121 ship accidents in 2004, double up compared ...
- Louis buys "Birka Princess"
Louis Public Company, Cyprus, buys the cruise vessel "Birka Princess" from the Åland-based shipping company Birka Line for USD ...
- "Safe Concordia" to the Gulf of Mexico
Consafe Offshore AB has received a contract from Interpetroleum Services Ltd, a subisidiary of Cotemar SA, for a bareboat charter ...
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| FEBRUARY 13, 2006 |
- Petrobras frees grounded bunker tanker
Company inspecting hull for damage after fuel lifted from vessel.
- Cruise ship fuel subsidy proves popular
Port San Francisco emissions project subsidising fuel switching for cruise ships proving to be popular and cost effective.
- Singapore: MPA reveals top 20 suppliers by volume
Figures released by the MPA have shown that oil major, BP has retained its position as the top supplier by volume in the world's largest bunkering hub.
- Nigeria: Supplier to invest in bunker hub development
Supplier plans to invest several million dollars on developing a bunker port to service all types of vessels calling in Nigeria.
- Shell & ONGC explore cooperation for marine fuels & lubes
Oil major Shell and Indian oil company sign comprehensive MoU on cooperation across the full range of upstream and downstream activities, including the marine fuels and lubes markets.
- Rotterdam bids/offers $10 apart mid-morning
- Singapore: Universal Terminal brings on Chinese partner
Singapore oil trader, Hin Leong, has found a Chinese partner for its Universal Terminal on Jurong Island.
- O.W. Bunker sets up new Madrid office
Branch manager appointed to take position in O.W. Bunker Group's new office in Spain.
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