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| FEBRUARY 16, 2006 |
Shipping News
- Malpractice still rears ugly head in Singapore bunker industry
THE health of Singapore's $13 billion bunker industry was a hot topic earlier this week at a marine fuel forum here with participants saying that malpractice still features in the local industry despite rigorous attempts to clean it up.
- India-bound Chirac tackles asbestos ship legal row
PRESIDENT Jacques Chirac stepped in on Tuesday to tackle a messy legal standoff that has ensnared the scrapping of an asbestos-laden French warship in India, just days before he makes an official visit to the Asian state.
- Thoresen Thai's Q1 profit falls 57% on costs
THORESEN Thai Agencies Pcl, Thailand's second-largest shipping company by market value, said profit fell 57 per cent in its fiscal first quarter on higher vessel operating costs and less revenue from freight.
- China Cosco expects strong 2006 earnings
- India's Shreyas Shipping to raise funds for expansion
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| FEBRUARY 16, 2006 |
- March start for MOL Ho Chi Minh-Hong Kong box service
- Tianjin port to invest CNY7b in 2006
- Building of Taiyuan-Zhongwei railway set to get underway
- Sabah container port to open in 2007
- Vietnamese, Japanese officials to discuss possible FTA in Hanoi
- Port of Hamburg sees strong growth in 2005
- EU, US cargo price-fixing probe turns to Asia
- Korean Air begins cargo flights to Chennai
- New C2K association formed in Scandinavia
- Aloha signs up for Cargo Data Management services
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| FEBRUARY 16, 2006 |
- ANL to come aboard EPIC service from March 1
- GE Shipping to buy Aframax tanker
- Seize the moment, Minister exhorts trade
- Fieo to organise trade shows in Russia
- Apparel exporters seek soft tax regime
- Gems & jewellery sector may be granted trading hub status
- Unique consignment number to track goods coming!
- Export boom unabated
- Seafood export trade at standstill
- Baalu dedicates NMPT’s multi-purpose berth to the nation
- MbPT’s gardens get bouquet of awards from Friends of Trees
- Durgapur to be next on CONCOR’s ICD map
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| FEBRUARY 15, 2006 |
- New Virgin America chairman
- Kolkata port trust to increase capacity at Sagar Island
- Second daily Perth flight for Emirates
- Rail4chem licensed to operate in France
- Aramex buys Freight Professionals
- Canada's new government backs transportation initiatives
- Freightbridge International launches InfoShip
- Security in international logistics
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| FEBRUARY 15, 2006 |
- K Line takes delivery of Snøhvit ship
- Logistics software firm FWL expands
- Box rates predicted to fall
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| FEBRUARY 15, 2006 |
- HHI delivers HiMSEN gensets to Turkish shipbuilder
- $1.6 billion funding for advanced cargo scanner
- USCG proposes changes for lease financed vessels
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| FEBRUARY 15, 2006 |
- Port of Seattle Commissioners eye opening Terminal 30 to cargo ships
- Honda places largest order for Greenbrier's Auto-Max railcars
- Port of Olympia schedules annual boating/chowder event
- Matson begins service to Guam and Micronesia
- Keel-laying ceremony held for next T-AKE vessel
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| FEBRUARY 16, 2006 |
- Chirac orders Clemenceau to return to French waters
FRENCH president Jacques Chirac yesterday brought to an end the international legal imbroglio over the planned demolition of the decommissioned aircraft carrier Clemenceau in India by ordering the vessel to be brought back to France.
- Teekay adopts BMT SeaTech shipboard monitoring to shave its fuel bill
REFINED shipboard equipment monitoring that could wipe over $1bn off the marine industry’s heavy fuel oil bill has been given the go-ahead by one of the world’s largest tanker owners, writes Hugh O’Mahony.
- Shippers welcome joint EU-US air cargo price fixing probe
SHIPPERS yesterday welcomed the joint European Union-US investigation into alleged anti-competitiveness practices in the air cargo industry.
- DNV attacks ‘unlimited liability’ plan
Classification society Det Norske Veritas has hit out against European Commission plans to introduce unlimited liability following maritime incidents.
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| FEBRUARY 15, 2006 |
- Clemenceau recalled to France
FRENCH president Jacques Chirac has today ordered the return to French waters of the former aircraft carrier Clemenceau, which was due to be demolished in India
- Matson launches new Pacific routes
MATSON Navigation yesterday launched its new dedicated Guam and Micronesia service as the company prepares to begin its China-Long Beach route next week
- Cruise lines fight Grease lawsuit
CARNIVAL Corp will ‘vigorously defend’ itself against the $50M lawsuit filed by owners of the musical ‘Grease’, the cruise giant says in its annual report
- US at odds with China on trade practices
CHINA should be held accountable for its actions, says the US trade representative, who asked Congress yesterday to authorise a special counsel to oversee China trade
- Gulf refinery slowdown warning
- Kefaloyannis stays put
- Spain renews search for missing man
- Reliance to double refinery capacity
- Shipowner denies cartoon link to death
- Spain tackles shock block drop
- Bremer Landesbank boosts shipping portfolio
- Oz intent on saving wheat sales
- India clamps down on detainees
- Crewman dies in engineroom blast
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| FEBRUARY 15, 2006 |
- Seattle plans to reopen box terminal
Preliminary design work is set to begin on Terminal 30, which was converted to a cruise facility in 2002.
- Matson’s China-US service to start next week
- Gap sues Maersk
- WTO's chief warns against US protectionism, fears over China
- Air-cargo probe widens to Asia
- Deutsche Post earnings surge
- Panama Canal Authority christens new drilling barge
- Proponents push LNG engines for trucks
- Port of Baltimore adopts eModal trucker-database program
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| FEBRUARY 15, 2006 |
- Peijs leaves ‘no sod’ turned on Iron Rhine
Holland is not prepared to reopen the so-called Iron Rhine railway line along its dormant railtrack, Dutch transport minister Karla Peijs told ci-online.
- Pelindo II ready to take JICT from HPH
Indonesia’s Pelindo II, is ready to take over Hutchison Ports Holding’s 51% stake in Jakarta International Container Terminal, if talks over the revision of a contractual term fail.
- Relaxed charterers wait for rate decline
- MSC steps up Montreal access, with service and terminal developments
- P&O Ports to offer rail-movement of boxes in India
- Jakarta seeks port development funds from Japan
- Port of Halifax sets new box record, with growing Suez trade
- Seattle moves forward with box-terminal consideration
- ACL launches US/West Africa service
- ANL, Maersk, MSC and CP Ships offer joint trans-Tasman services
- SITC upgrades China/Japan-Kyushu service
- Landlocked Austria pushes inland shipping during its EU presidency
- ANL secures Europe/Gulf/Sub Continent space from EPIC
- Furniture designer makes nifty work of NAFTA obligations
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| FEBRUARY 15, 2006 |
- Dry rate rot hits Diana
Profit through fourth quarter halved as time charter rates take a tumble.
- Costs crucify Srab
Smaller fleet and higher expenses pushed Swedish tanker owner to loss in 2005.
- Crewman dies on tanker
Champion Tankers fitter found dead after being held in confinement following attack on master.
- Matson strengthens Guam ties
New service with feeder links to Micronesia replaces alliance with APL in Pacific.
- New CEO for Gearbulk
Kristian Jebsen loosens grip on helm as he charts long term course as chairman.
- Volumes rise at PSA
Singapore port operator reports 34% jump in the number of containers handled by global operation.
- Third bidder for Fesco
Railway company Severstaltrans joins hunt for state’s 19.8% holding in Russian container line.
- Maritrans’ earnings jump
US tank-barge and lightering operator sees full year profits double on strengthening markets.
- Orsova profit halved
Rising costs cut earnings at central Romanian shipyard in 2005.
- Demand rises for delay cover
Strike Club reports strong growth as more owners look for protection against third party action.
- TTA earnings crash
Weaker rates and exchange losses peg back Thai bulker owner in first quarter.
- Stolt slice sold
Institutional investor Fidelity has offloaded 8.6% of Oslo-listed chemical tanker player.
- Roll up, roll up
Indian boxship owner Shreyas has put up to $8m of global depository receipts up for sale on Wednesday.
- PUM profits quadruple
Strong shipbuilding and repair activity bolster bottom line at Singapore’s Pan United Marine.
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| FEBRUARY 15, 2006 |
- Matson starts U.S. West Coast/Hawaii/Guam/China service
- "K" Line receives LNG carrier
- CMA CGM, Maruba to swap vessel space
- Crowley names Cunningham as operations VP, promotes Yunta
- U.S., EU launch dawn raids to probe air cargo cartels
- Airbus establishes Middle East subsidiary
- U.S. international air cargo up 3.7% in 2005
- CSX fined for safety violations
- USTR to step up enforcement of U.S.-China trade policy
- U.S. seeks to resolve softwood lumber trade dispute with Canada
- Bush economic report says subsidies harm future U.S. ag trade
- 2005 trade statistics show no apparel surge, importers say
- Panamanian government to inspect U.S. food safety system
- E2E Inc. receives patent for container tracking system
- FMC reviews 7 OTI license applications
- Port of Seattle to reopen Terminal 30 to containerships
- Baltimore port to deploy secure check-in system for trucks
- General Electric NASSCO lays keel for third U.S. Navy T-AKE cargo ship
- Public comments sought on LNG traffic in Chesapeake Bay
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| FEBRUARY 15, 2006 |
- Aker Yards improves order book
Aker Yards had an order book of NOK 38.9 billion at the end of last year compared with NOK 23.4 ...
- Weaker result despite increased revenue
Finnlines’ Plc’s revenue increased by EUR 48.6 million to 746.7 million in 2005. Profit before taxes was EUR 35 million ...
- Finnlines-newbuilding to be further delayed?
The delivery of the first of the five ro-pax-vessels ordered by Finnlines from Italy may be further delayed ...
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| FEBRUARY 15, 2006 |
- Houston prices tumble, West Coast waits
Bearish crude finally hits the Houston market with supplies scrambling, but West Coast suppliers waiting for Asian reaction.
- Tesoro hits half-billion profit
Mid-size US refiner posts record profit on high throughput and refining margins, but heavy fuel sales down.
- Cargoes keep Uruguay prices high
Suppliers looking forward to improving local supplies as cost of importing product keeping market quiet.
- DOE & API at a glance: This week's key US inventory data
- MPA streamlines port clearance for bunker anchorage users
The MPA has announced it will be enhancing its electronic port clearance system for vessels calling at the port to take bunkers under the Special Bunkering Anchorage Scheme .
- Singapore: Strong bunker sales growth continues into 2006
Preliminary estimates by the MPA show continued growth for bunker sales in Singapore, with 500 cst sales posting a 40% gain
- Singapore: Facilitating the market for low-sulphur demand
The need to accommodate a market for low-sulphur demand in Singapore is a conceivable possibility as Petrobras Marine posts an increase in volume sales of the fuel on year.
- Tanker averted pirate attack in Singapore Strait
Crew repells attempted boarding effort, according to piracy report.
- Saudi Arabia: Oil refining capacity to double in five years
Saudi Arabia plans to double its oil refining capacity within five years, from the current production of three million bpd.
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