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| DECEMBER 15, 2006 |
Shipping News
- S'pore's mega maritime event in April
SINGAPORE will attempt its biggest maritime show ever in April next year with the inaugural SeaAsia event, a new entrant to the exhibition scene here which will give the incumbent Asia Pacific Maritime Show a run for its money.
- New EC rules 'may spark price wars, mergers'
EUROPEAN Commission rules banning pricing alliances between shipping companies may trigger 'price wars' and mergers among container lines, Clyde & Co said.
- Pusan Newport opens 3 more berths in Busan
PUSAN Newport Co, which counts Dubai's DP World as one of its major shareholders, will start operating three more berths next year in South Korea's Busan as the world's fifth-largest port tries to attract more business.
- Sail down in history
Admiralty Casebook
- Shipping agent not to blame for cargo damage
A CANADIAN appeals court has rejected a bid by a ship owner and its charterer to blame their shipping agent for the compensation they had to pay to cargo interests for negligently causing damage to a cargo of sawn timber products stored on deck.
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| DECEMBER 15, 2006 |
- HK throughput rises 1pc in 3Q to 6m TEU
- SCT sets new productivity record on December 11
- Spain's Bofill & Arnan expands logistics into China
- CSCL to reduce capacity in low season
- US launches bomb scanning initiative at six foreign ports
- Panalpina clinches 2 industry awards
- Qantas board accepts US$11b takeover, will de-list and go private
- United Airlines and Continental enter into merger talks: report
- Airport Authority of HK H1 pre-tax profit rises 14.7pc on freight growth
- DHL Danzas wins Middle East's top logistics award
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| DECEMBER 15, 2006 |
- Adanis, JK Group conferring with Korean giants
- Campaign against FoC was a success-Kulkarni
- On-board training mandatory for ship officers-DGS
- C. R. Nambiar heads newly-registered ship-agents’ body (FEDSAI)
- Mumbai Port sets new handling benchmarks
- Kakinada (old) port reaching peak handling capacity
- MoS, MoF officials meeting soon to iron out differences on tariff formula
- 1-day strike affects Major Ports’ operations
- CONCOR joining hands with HAL in air cargo service for perishables
- Japan roped into Mumbai-Delhi industrial corridor
- Reliance, TCI among several jump on to licence track
- Andhra developing mega textile park, garments-based SEZs
- Business seminar today
- AIAI, Chemexcil team tours Arab nations
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| DECEMBER 14, 2006 |
- Johnnie B. Hunt Sr, founder of J.B. Hunt Transport Services, dies
- DFDS increases profit
- Qantas accepts takeover offer
- Regular railfreight on transport corridor no. 2 to start soon
- Gazeley sells four properties
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| DECEMBER 14, 2006 |
- Hellenic War Risks Club cuts rates by 28%
- IMO safety sheet plan "flawed and unworkable"
- Former EC transport commissioner Palacio dies
- Sea time forger punished
- Denholm chairs Baltic’s new Singapore user group
- Attempted boardings in Singapore Strait
- "Our boxes are legal," says Samskip
- MOL’s rating rises a notch
- ANL Singapore forms Euro agency companies
- Barge newbuilding salvaged
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| DECEMBER 14, 2006 |
- Austal mystery buyer adds to orders
- MMS approves Petrobras FPSO concept
- Keppel Singmarine to build ice-class FSO for Lukoil
- Wartsila and Becker cooperate
- BAE Systems and VT Group in discussions
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| DECEMBER 14, 2006 |
- New study predicts doubling of Portland/Vancouver trade volumes
- Mitsui O.S.K. Lines sees investment rating jump
- Sea-Tac Airport taxis now run on CNG fuel
- Port of Vancouver, USA eyeing final Cadet settlement
- Carnival Corporation takes option on new 92,700-ton cruise ship
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| DECEMBER 15, 2006 |
- Noble boss dusts off plan to operate owned bulk fleet
COMMODITIES and logistics major plans to buy and operate its own fleet of dry bulk carriers.
- True European de Palacio loses fight against cancer
THE world of industry and politics paid tribute yesterday to Loyola de Palacio, possibly the best known European Union commissioner for transport, who died following a battle with lung cancer. She was 56.
- Qatar targeting 45 LNG carriers worth $11bn
NEXT year could witness another leap forward in Qatar’s growing presence in liquefied natural gas shipping.
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| DECEMBER 14, 2006 |
- Loyola de Palacio dies
MADRID 14 December – Loyola de Palacio, the Spanish minister who served as deputy president of the European Commission and transport commissioner between 1999 and 2004, died in Madrid yesterday
- Stealthgas strengthens fleet
STEALTHGAS, the Greek LPG vessel operator, has acquired two newbuildings under construction at Higaki Zosen and Kanrei Zosen for a total of $46.1M
- Celebrity takes Pullmantur's Moon
CELEBRITY Cruises is wasting no time in bringing Pullmantur’s younger ships to the US market, confirming the second transfer from the Spanish fleet
- Gazprom, Shell reach Sakhalin deal
GAZPROM, Russia’s state-owned gas giant, is to acquire shareholding control of the Sakhalin-2 gas and LNG project from Royal Dutch Shell, Mitsui and Mitsubishi
- Caspian fleet expansion continues
THE Volgograd Shipbuilding Plant, which is a division of the Russian MNP group, continues to expand its production of shallow-draught vessels for the Caspian Sea
- OPEC signals delayed cut
OPEC is planning to cut production by a further 500,000bpd, but not until February, according to reports from today’s meeting in Nigeria
- Teekay Offshore tops range
- Temasek takes stake in Chemoil
- UASC, Jardines set up agency venture
- Australia-SE Asia links upgraded
- Huge interest in China port builder
- Mooring fatality sparks recommendations
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| DECEMBER 14, 2006 |
- Basham says Customs plans to phase in new import data requirements
Customs chief says the agency plans to phase in the new "10+2" requirements to minimize their compliance burden
- Trade in Columbia River region to double: Study
- New box equipment for APM’s Virginia terminal
- New bonded warehouse opens at Port of Tacoma
- Strike hits India ports
- Boeing sells more freighters
- India invites Japan investment
- Diana Shipping files shelf offer
- MOL opens China office
- Truckers race against Vancouver license deadline
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| DECEMBER 14, 2006 |
- Nationwide strike paralyses Indian port operations
Cargo-handling operations in all India’s 12 major ports were affected today, with 100,000 port and dock workers on a one-day protest strike against the central government’s privatisation policy.
- Toll Group confirms split
Industry rivals and analysts have been opposing Toll's plans to split into two companies, Toll Holdings and "Infrastructure Co", although the stockmarket has welcomed the move.
- Angomar service split into two Europe-Africa services
- Hutchison set to secure second phase of Dachan Bay terminal development
- Awami League alliance calls for president’s resignation as Bangladesh crisis deepens
- China Merchants to consolidate Shenzhen port assets
- Sixth Busan link to bolster Russian terminal volumes
- Former Transport Commissioner Loyola de Palacio dies
- ANL boosts AAX service and starts Euro agency JV
- Brazil considers relaxation of cabotage tonnage restrictions
- Busan extends RFID project
- MOL to open office in Hefei, China
- EBRD to fund completion of Rijeka bypass
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| DECEMBER 14, 2006 |
- New Star
Heidmar is taking four ships from Singapore's Star Maritime for Dorado fleet, while its own Star Tankers pool trades clean and in Asia for first time.
- Top wobbles below $5
Share-price level raises new concerns, while market says Top's new Glencore fixtures are at discounted rate.
- Stealthgas 70% fixed
Harry Vafias secures more time charters as he confirms acquisition of Samos newbuildings.
- RCCL counts cost of virus
Delays from clean-up of Freedom of the Seas will shave 1% off annual earnings.
- Navios prices at 9.5%
Bulk owner floats high-yield issue but it don't come cheap.
- UASC teams with Jardine
Kuwait boxship line forms new joint-venture agency company to look after Asian business.
- Jefferies poaches HSBC team
Three senior shipping bankers walk out to join aggressive New York investment firm.
- Restis bags bank
Four family members of Greece's Restis group split 51% stake in compatriot bank FBB.
- Canada urged to scrap ferry
Newfoundland and Labrador government told to get rid of expensive, accident-prone Nonia.
- Box group in a hurry
Europe to South America conference ESPMC-WITASS brings forward rate rises.
- Brostrom eyes more expansion
Company announces share buybacks and indicates it will use stock to buy external assets.
- ICG getting better
Owner of Irish Ferries expects more freight business in full year, while car decline will not be so steep.
- Essco Bounty left on shelf
Auction of general cargoship fails to reach reserve price in Cape Town, following arrest for unpaid crew wages.
- Ship sinks off Iran
UAE-flagged vessel en route to Basra from Dubai goes under with 11 Indian crew rescued by Greek ship.
- Svithoid tanks up
Swedish chemical and product tanker owner buys another small unit from Turkish interests.
- Keppel inks Russian FSO
Singapore yard to build floating storage offloading unit for Lukoil.
- Rieber wins seismic business
Norwegian owner to build new multistreamer ship on back of long charter to France’s CGG.
- PDVSA confirms Brazilian tankers
Eisa and Maua Jurong finally win Venezuelan oil company’s contract for 10 ships.
- TOO tops price range
Latest Teekay Shipping spin-off, Teekay Offshore Partners, prices NYSE IPO at $21 per share.
- AET appoint Murphy
MISC tanker arm names ex-Teekay veteran as new regional director for Europe, Africa and FSU.
- Austal gets $50m boost
Mystery client returns to Aussie fast ferry builder for AUD60m worth of extra newbuildings.
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| DECEMBER 14, 2006 |
- Wan Hai denies takeover talks with CMA CGM
- MOL China opens Hefei branch
- UASC, Jardine Shipping establish agency joint venture
- ANL, Royal Burger Group establish agencies in Germany, Netherlands
- Samskip opens 3rd Swedish sales office
- Former European Transport Commissioner de Palacio dies
- Bauckham leaves Volga-Dnepr (UK) for Air Charter Service
- BNSF to start Pacific Northwest to Memphis intermodal container service
- Toll to separate infrastructure, supply chain businesses
- EC details critical infrastructure measures
- Study: Portland cargo volume to double by 2035
- Delaware expects greater Chilean fruit volumes
- PCC opens Tacoma bonded warehouse
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| DECEMBER 14, 2006 |
- New Stena tanker named in Dubai
On Thursday, the newest addition to Stena Bulk’s fleet, the crude oil tanker Stena Atlantica was named in Dubai. The ...
- Broström acquires own shares
Broström AB will acquire up to 1 million of its own Class B shares, corresponding to about 3 per cent ...
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| DECEMBER 14, 2006 |
- Shipowners file legal challenge to California fuel rules
January 2007 implementation will go ahead but case resting on state-level jurisdiction.
- US Iraq withdrawal could lead to oil price drop
Analyst predicting Saudi intervention and production increase even as OPEC today lowering quotas.
- Aegean releases more shares
Additional shares sold to cover over-allotments, price softening.
- Chemoil shares climb in first day of trading
First minutes of trade on Singapore Exchange see share prices $0.17 above IPO.
- Congestion persists in Rotterdam
- DNVPS head leaves Singapore
Per Holmvang says he faced an "array of challenges and opportunities".
- Singapore stocks of residual fuels fall
Onshore stocks of fuel oil drop for the first time in seven weeks.
- Hong Kong targets MARPOL Annex VI status in 2007
Some government officials say it could be adopted within months, but the marine department "do not wish to rush".
- Storm may limit bunkering in Hong Kong
Bunker deliveries in the South Lamma Anchorage may be disrupted.
- Asian fuel oil traders may resist Argus moves
New pricing system could require more disclosure than players would be willing to support.
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