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| JUNE 14, 2006 |
Shipping News
- Labour unions fight against worker exploitation
GLOBAL labour unions vowed to step up the fight against the use of contract workers in the offshore oil and gas industry, saying the practice exploits workers from developing countries in particular.
- DP World, Tianjin Port to build US$500m terminal
DP World, the world's third-biggest container port operator, signed an agreement to develop a US$500 million terminal at the north-eastern Chinese harbour of Tianjin.
- S'pore aframax rates up 65% since May
FREIGHT rates for aframax tankers plying in and around Singapore have risen more than 65 per cent since last month, as lightering and cross-harbour operations increase, industry sources said yesterday.
- PSA volumes up 31% on growing trade
- Cosco, KKK, Yang Ming, and Hanjin to expand joint routes
- EU maritime unions call for job protection policy
- Pacific Basin may be up for sale as founder cashes out
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| JUNE 14, 2006 |
- Maersk and Cosco to jointly operate Tianjin Terminal
- 'K' Line unit starts Guangdong break bulk trucking service
- K + N to manage Directv's logistics channels in US
- NOL CEO to step down
- QC Shipping launches new wave of feeder vessel
- Portek granted concession to operate Maltese port
- UPS to provide express services for Beijing Olympics
- Cathay throughput climbs 5pc in May
- A320 final assembly line to be located in Tianjin
- Spanish firm wins takeover battle for BAA
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| JUNE 14, 2006 |
- ABG Shipyard bags another Dutch order
- Lloyd’s tank containers produced by CAM come into market
- SCI plans JV with Shapoorji Pallonji Group to operate product carriers
- STC issues fresh tender to import 2.2 m tonnes wheat
- DP World begins spadework for Vallarpadam ICTT
- Tussle between Chittagong port & feeder lines hots up
- Record cargo handled by MPT’s Labour Dept in May
- Fresh tender floated for capital dredging of Paradip Port channel
- Kolkata Port ranked 2nd in cargo handling in 2005-06
- Port of Houston offers consulting services
- Move to hand over ground-handling operations at 6 airports to 3 entities
- CONCOR moves more empties to Amingaon ICD for tea shipments
- Overseas buyers’ details not necessary-DGFT
- Assocham study sees manufacturing sector doubling exports by 2010
- Exim Bank to raise Rs 10,000 cr.
- India Desk to help business to come up in Australia
- In-principle approval for Dubai group’s $ 1.5-bn plan to set up 10 SEZs
- 17-point charter framed
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| JUNE 13, 2006 |
- Geodis appoints new CEO
- Grand Alliance enhances calls at UK ports
- Cathay scoops up Dragonair
- ICF repositioned, with good prospects for 2006
- Wincanton bumps up turnover and operating result
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| JUNE 13, 2006 |
- MacGregor group buys BMH Marine
- English High Court hears judicial review application over EU pollution directive
- Mediterranean MoU gets detention review process
- Lim to leave NOL
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| JUNE 14, 2006 |
- Norwegian flag chaos sparks Wilh Wilhelmsen UK exodus
BRITISH shipping’s Scandinavian contingent is set to flourish following a decision by Wilh Wilhelmsen to turn its back on Norway and put newbuild deliveries under the Red Ensign.
- Fast-moving owners snap up yard slots
GIANLUIGI Aponte, Sammy Ofer and Jacques Saadé have left a trail of disgruntled liner shipping bosses in their wake after snapping up coveted newbuilding slots for super post-panamax ships.
- Crude likely to peak at $100 per barrel, warns Malaysian leader
HIGH oil prices are set to stay and could increase further, say oil industry executives and politicians.
- Opec to boost spare capacity in attempt to lower prices
AS OIL demand continues to rise, the Organisation of Petroleum Exporting Countries will invest billions of dollars to build spare production capacity to 6m daily barrels, writes Martyn Wingrove.
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| JUNE 13, 2006 |
- Wilhelmsen fed up with politicians
"NORWEGIAN politicians have lost all interest in Norwegian shipping," claimed Wilh Wilhelmsen senior vice president Arild Iversen today
- Seraya clean-up continues
FUEL continues to be removed from the bulk carrier Ocean Seraya, which ran aground off the west coast of India on 3 June and subsequently broke into two
- Fire forces evacuation from Boston ferry
INVESTIGATORS are working today to determine the cause of an engineroom fire yesterday aboard a Boston area ferry that forced evacuation of the vessel
- Berlin slammed for intermodal failings
GERMANY’S ocean exports might come to a deadlock if Berlin fails to implement crucial rail infrastructure projects in the port hinterland in the near future
- Brazil: truckers hit by strikes
STRIKES and go-slows by customs officers are creating havoc and hardship for truckers and trucking companies linking markets in Brazil with Argentina and Uruguay
- Murder ship master given 25 years
A COURT in the UAE has sentenced an Indian tanker master to 25 years in jail in relation to the death of a crew member on his ship in February
- Teekay to spin off offshore
- LNG outlook upbeat despite cost inflation
- Tropical Storm Alberto moves inland
- Bad luck stalks new Hanjin yard
- Novoship board approves record dividend
- Silja sale sparks hate mail
- Fincantieri could open in Philly
- Man lost overboard in NZ
- European successor for BC Queen
- EU holds firm in Aegean storm
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| JUNE 13, 2006 |
- New Customs Commissioner Basham says security, trade are 'twin goals'
New Customs chief moves to allay concerns among traders that he would focus more on enforcement of Customs regulations than on trade, security.
- Blust to leave FMC
- Scan-all proposal not dead, warns RILA
- U.S. freight gridlock nearing, says APL exec
- Storm slogs into Florida
- FedEx unveils new supply chain service
- CKYH lines eye new routes
- South Carolina port TEUs to rise 8.5%
- Horizon Lines prices secondary stock offering
- Carriers postpone unveiling of post-conference proposal
- Truck tonnage up 2%
- DP World takes China stake
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| JUNE 13, 2006 |
- US Lines in ANZ expansion?
According to rapidly-strengthening market rumours, US Lines is preparing a major expansion into Australia/New Zealand trades, possibly as soon as next month.
- Over 1,000 boxes delayed by Indonesian road closure
The recent closure of Surabaya-Gempol toll road has caused delays of over-five-hours to the more-than-1,000 containers exported through Surabaya East Java, Indonesia every day.
- Malaysian hub aims to consolidate Sabah regional cargo
- Massive fine for P&O over Melbourne docker death
- CHKY alliance to enter N-S trades, while targeting E-W efficiencies
- Hong Kong to decide on Terminal 10 project next year
- Alberto makes landfall in Florida
- Odense awaits independent inspection on weekend ship fire
- DPW accelerates schedule of Vallarpadam terminal
- ELAA take more time over proposal, to 'get it right'
- Seven Old Port operators to run Busan New Port
- Panama in Canal expansionist mood with European roadshow
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| JUNE 13, 2006 |
- DOF builds in Brazil
Oslo-listed DOF ASA will spend $185m building two specialised support vessels at Brazilian-based shipyard Aker Promar.
- Sonatrach orders VLCC
Algeria’s Sonatrach is going to Sino-Japanese joint venture yard Nacks for a 315,000-dwt VLCC newbuilding with partner Kawasaki.
- Wilh Wilh snubs Norway flag
"Why support the Norwegian government if they don’t support us?" asks Wilh Wilhelmsen boss Arild Iversen.
- Mercata beats out Dohle
Germany's Peter Dohle may have lost out in a close race to take over Slovenia's state-controlled Splosna Plovba Portoroz.
- Recanatis dump more OSG
Members of the historical principal family of Overseas Shipholding Group greeted the board's decision to buy back shares by selling shares.
- Horizon secondary prices
Castle Harlan and other insiders are selling up to a fifth of outstanding shares in Horizon Lines for less than $93m.
- Bocimar takes Diana panamax
Greek public dry bulk outift secures year-long charter of new acquisition with Bocimar of Belgium.
- Fisher cuts cable
UK shipping group James Fisher exits cable-laying sector with sale of last vessel.
- Maersk boxship blaze
Fire ravages bridge and superstructure of massive newbuilding at AP Moller’s Odense shipyard.
- Japan holds 29
Cosco and IRISL ships feature on May detention list.
- DP World builds in China
Emirates ports company in $500m deal for second terminal venture in Tianjin.
- Belships breaks out bonds
Norwegian bulker owner hoping for NOK 200m take-up of new debt.
- BC Ferries banks insurance cash
Canadian owner faces lawsuits after sinking of Queen of the North, but profits rise in year to 31 March.
- Cargotec to buy BMH Marine
Finnish parent of MacGregor adding Swedish dry bulk handling equipment firm to stable.
- NOL CEO resigns
David Lim is to quit as CEO of Singapore’s Neptune Orient Lines after three years in the job.
- PacBasin denies "sell-off"
Trading in shares suspended in Hong Kong as handymax bulker player denies it’s seeking a buyer.
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| JUNE 13, 2006 |
- World’s largest automatic mooring system to Port of Trelleborg
TSS Port Equipment AB is going to design and deliver an automatic mooring system to one of the port’s railway ...
- Norway with new Safety at Sea law
Norway’s leftist government has published proposals for a new Safety at Sea law to update existing legislation, which dates back ...
- Petrobaltic expands oil and gas exploration in the Baltic Sea
Petrobaltic in Gdansk currently operates one drilling rig on the B-3 field, 80 kilometres North of Wladyslawowo. The oil ...
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| JUNE 13, 2006 |
- US bunker prices follow tumbling oil
Suppliers scrambling to drop prices as Gulf shakes off early hurricane concerns.
- New bunkering tankage for Florida
Vitol announcing marine fuel facilities as part of new 2 million barrel terminal.
- Matson receives green award
Shipowner receiving Coast Guard recognition for 'environment excellence'.
- Oil dips as investors shun commodity markets
Latest monthly IEA report says high oil prices are slowing consumption, but global demand growth continues.
- NOL shares take hit from Lim's departure, fuel price worries
Market surprised by CEO's decision to leave NOL at a challenging time for the company.
- Fuel removal continues from wrecked bulk carrier
Pollution appears to be limited but uncertainty about fuel remaining onboard.
- Latest crude levels suppress Rotterdam market
- Lube producers' 'big fear' as US hurricane season begins
With inventories still not recovered and memories fresh from last year's crisis, the marine lubes industry will be on tenterhooks until the end of the US hurricane season.
- Shanghai to trade fuel oil contracts in August
Shanghai Petroleum Exchange set to launch fuel oil forwards trading for 380 cst and 180 cst in August this year.
- Singapore: Demand falters on rebound in bunker prices
Suppliers witnessing weak demand in market, bunker prices expected to soften.
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