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| MARCH 16, 2006 |
Shipping News
- DPW's US ports may go to different buyers
DUBAI Ports World, which agreed to sell six US ports to diffuse opposition from American lawmakers, said potential bidders may include private equity firms or terminal operators seeking to purchase individual properties.
- Shipping lines' group hopes to raise rates again
EVERGREEN Marine Corp, Hapag-Lloyd AG and nine other container shipping lines expect to raise rates for the sixth consecutive year as demand for Asian goods rises, a trade group said.
- US cruise execs bullish about prospects this year
TRIPS on cruise ships remain a popular vacation value and 2006 looks encouraging despite rising fuel prices and media reports focusing on crime and safety problems on vessels, top cruise executives said on Tuesday.
- Express delivery market seen to surge in booming India: TNT
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| MARCH 16, 2006 |
- TSA carriers expect `strong cargo demand' in 2006
- U-Freight opens temperature controlled warehouse in Shanghai
- Shenzhen to host China-Europe e-Logistics Forum
- Dredging of Melbourne's Port Philip Bay channel delayed
- FPS Sri Lanka, Ceylinco Sembcorp team up in Sri Lanka
- APL Panama refloated
- JAL, KAL to expand code share ties
- Malaysian forwarders to bump up transport surcharges
- Alaska Airlines to operate all-Boeing 737 fleet
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| MARCH 16, 2006 |
- Larger role for freight brokers envisaged
- BOFBA felicitates SCI chief
- Govt may restore tax breaks to old export-oriented units in FTP
- Cotton exports set to reach 2.6 m bales by July
- Land trade routes through Bangladesh may soon become a reality
- Exporters of job-generating products slated to get incentives
- Licence for medical devices imports made mandatory
- Govt holding talks with stakeholders
- Tenders for wheat imports to close on April 21, 22
- IOC optimistic on exporting 5 lakh tonnes of diesel to Bangladesh
- GTI’s container facility commissioned
- Continental Airlines cargo business picks up
- PPT-NHAI SPV commissions truck terminal at Masakani
- Chidambaram to keep taxes stable in investment boom period
- 180 items to be dereserved
- ‘Textiles, leather sectors can achieve top leader status’
- MoF may grant non-corporates more time to pay service tax
- WTC to conduct 1-day programme on FTP
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| MARCH 15, 2006 |
- Evergreen underlines importance of going green
- March 15 2006 Continental IBS welcomes two new members
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| MARCH 15, 2006 |
- P&O US ports sale "within 6 months"
- Hamburg Sud buys FOML out of Australia and New Zealand trades
- Aida uses SAMS
- US tug company in legal trouble
- SpecTec and ShipServ strengthen links
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| MARCH 15, 2006 |
- DP World gives details of U.S. ports biz sale
- Kleven books MPDSV order
- MSC Cruises orders third Musica class vessel
- Harvey Gulf in $200 million expansion
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| MARCH 15, 2006 |
- Zim announces plans to begin Portland calls
- Hamburg Sud makes deal for Fesco Ocean Management Ltd.
- Union Pacific bumping up first quarter earnings prediction
- Port of Tacoma Commission President named to economic development board
- Trade with NAFTA partners up ten percent during 2005
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| MARCH 16, 2006 |
- P&O North America confident on asset sale
TRADE and private equity buyers have already expressed interest in P&O’s US port assets that are to be sold following the political outcry in Washington over change of ownership to DP World.
- Grindrod plans $800m fleet and ports expansion
Grindrod, South Africa’s leading shipping and logistics firm, intends to invest more than $800m expanding its fleet, ports and rail operations during the next three years.
- P&O Ports North America officially goes on to the market
P&O PORTS North America is now officially up for grabs, after arrangements for the sale were formally announced yesterday, writes David Osler .
- Transpetro tanker price rockets to over $4bn
Transpetro’s $1.9bn tanker order has ballooned to more than $4bn following the opening of envelopes containing prices for the first phase of the newbuilding programme.
- UK leads European shortsea league
Britain leads the European Union’s shortsea shipping league, according to a new study, writes Justin Stares in Brussels.
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| MARCH 15, 2006 |
- Carlyle Group in DP World rumours
SPECULATION is rampant in Washington that global investment firm The Carlyle Group may be setting its sights on the terminal operations that Dubai Ports World is being forced to sell
- 'Paranoia and politics' hit ports deal
DUBAI Ports World's South Korea vice-president Robert Walker has blamed political posturing ahead of the US mid-term elections for the takeover fiasco
- Spain invests in new safety plan
SPAIN is to invest €1Bn ($1.2Bn) in a new national maritime safety plan; more than half the funding will cover the modernisation of safety agency Salvamento Maritimo
- DP World moving forward with US sale
DUBAI Ports World announced today that it is moving forward with the sale of the former P&O Ports terminal contracts in the US
- Cyprus exposes Georgian fakes
THE Cyprus flag has alerted port authorities and Port State MOUs to the existence of high-quality counterfeit Georgian seafarers' certificates
- Russians adopt shipyard resolution
RUSSIAN shipbuilders have called on the government to direct owners controlled by the state to place tanker orders overseas only where Russian yards can participate
- Felixstowe gantry crane struck
- Migrant Watch: US/Caribbean
- RINA to report strong earnings for 2005
- RIF register welcomes first ships
- Virgin Cruise rumours grow
- Cruise lines target onboard revenue
- MOL bonds to net $380M
- Cruise lines push for further expansion
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| MARCH 15, 2006 |
- February drop for West Coast imports
Expected drop in container volume at Port of Los Angeles, other hubs as Asian factories shut for Chinese New Year.
- DP World readies 'expedited' sale of U.S. terminals
- Canada extends U.S. corn duty
- Menendez wants more port security funding
- UPS probing supply chain unit
- Great Lakes shipments fall
- D. Post sees flat 2006
- Ship damages Felixstowe crane
- Union Pacific notches up earnings outlook
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| MARCH 15, 2006 |
- Updated:DPW retains N.America beachhead at expanding Vancouver
As DP World appoints advisors and makes arrangements to transfer P&O’s US terminals to a US entity, it retains a North American beachhead through Vancouver’s expanding Centerm terminal.
- Resistance to Panama Canal expansion grows
The latest polls indicate growing opposition to the Panama Canal expansion plan two weeks before the ‘definitive proposal’ is due to land on President Martin Torrijos’ desk.
- Spring thaw prompts new shoots in charter market
- LA/LB loaded exports show growth, in advance of US-flagged service start
- Hong Kong loses out to Singapore again
- Modern Terminals sees volume and profit growth
- Bird flu worries affect chicken exports from uninfected Brazil
- STX set to launch Japanese services via new subsidiary
- ICF boosts Pannoncont share to 100%
- Tropical Shipping takes efficiency measures
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| MARCH 15, 2006 |
- Get real, say 'patriots'
Mass support by TradeWinds readers of Dubai as suitable owner of US terminals provokes a backlash.
- Desperately seeking citizen
P&O Ports North America says subsidiaries of foreign companies are ruled out as buyers as Dubai sells off its controversial US acquisition.
- Dubai sale takes shape
Deutsche Bank’s New York office plans an 'expedited' sale of P&O Ports North America within four to six months.
- Mercator ‘after aframax charters’
Mercator Lines is said to have wrested back a lucrative annual crude-hauling contract and to be in need of aframaxes on the charter market.
- Restis in peace
Golden Energy Marine Corp has formally buried its dormant IPO bid even after some observers had suspected a resurrection.
- Toisa takes Norwegian plunge
Gregory Callimanopulos’ offshore company orders diving support vessel at Kleven Verft.
- GFI lays an easter egg
Derivatives trader will plug a vital gap with the April launch of its new dry cargo broking desk.
- Entente cordiale
India and Finland come together to develop shipbuilding and port infrastructure with talk of a new maritime university on the way.
- Grindrod to grow
Grindrod announces ambitious strategy for fleet growth and increased influence in neighbouring ports.
- Viking Line cuts losses
Finnish ferry owner has better first quarter as passenger numbers improve.
- Nevsky wins Damen work
Russian shipyard to build hulls of four dry cargoships on behalf of Dutch group.
- STX clinches product order
Speculation centres on Parakou as Korean yard picks up $270m six-ship contract.
- Cosco moves into Greece
Line launches new service in first step towards developing mooted transshipment hub.
- Eitzen comes out on Top
Oslo-listed Camillo Eitzen behind the purchase of five suezmaxes from Nasdaq-listed Top Tankers.
- New asbestos challenge
House of Lords considers appeal that payments to some victims should be cut.
- Transpetro gets ready to haggle
Petrobras shipping unit has picked yards to build tankers for huge fleet renewal programme, but will look to cut hugely inflated prices.
- Maersk boxship bashes crane
New Felixstowe gantry crane put out of action after containership suffers engine malfunction.
- ACL looks up
US barge owner raises profit forecast for 2006 in strengthening market.
- Inmarsat investors sell out
Initial post-privatisation investors have sold the last of their stakes in UK-listed satellite provider.
- MSC orders again
Italian owner returns to French shipbuilder Chantiers de l’Atlantique for fifth cruise newbuilding.
- V.Ships boards Seabourn
Ship manager takes over running of US cruise line’s three 10,000-gt ships.
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| MARCH 15, 2006 |
- Hyundai to resume transpacific service to Long Beach
- UP raises first quarter earnings expectations
- Intercontainer-Interfrigo buys outstanding shares in Pannoncont
- AAR: Record low for rail accidents in 2005
- RailAmerica's February carloads down 2.8%
- Holiday to affect U.S.-Mexico commercial traffic
- Barge strikes bridge in Annapolis, Md.
- Eurinpro building warehouse in Belgium for DHL Exel Supply Chain
- Hellmann Logistics teams with Havertys Furniture
- Erickson's Flooring opens DC in Michigan business park
- Integrated Global Logistics opens offices
- Anderson named new IWLA president, CEO
- FMC reviews 4 OTI applications, revokes 13 licenses
- DP World opponents: e-mail shows DP World not selling U.S. terminals
- P&O to hit Eller with $450,000 tab for court costs
- Eurogate's bid for 3.5 million TEUs JadeWeserPort successful
- Box volume up 5% at Marseilles-Fos
- Marine Terminals Corp. appoints Ward
- Teofilo to retire from Port of Long Beach
- DP World sets up process to sell U.S. operations
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| MARCH 15, 2006 |
- Shipping committee accused of "academic arrogance"
Wilhelm Wilhelmsen, chairman of leading Norwegian shipowners Wilh. Wilhelmsen, accuses professor Guttorm Schjelderup, who heads the committee on taxation of ...
- Less loss for Viking Line
During the period November 1, 2005–January 31, 2006, the consolidated sales of the Viking Line Group totalled EUR 87.2 ...
- Maersk Line ship hits new crane in Felixstowe
When Maersk Lines container carrier the "Gudrun Mærsk" was leaving the berth in Felixstowe, UK, it lost its power. The ...
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| MARCH 15, 2006 |
- DOE & API at a glance: This week's key US inventory figures
- Houston facing low-sulphur regulations
State authority mulling adoption of California's auxiliary engine regulation.
- Krystallon to showcase scrubbers
Joint venture marketing its scrubbing solutions at upcoming Miami convention.
- Rotterdam market steadilly climbing on crude
- O.W. Bunker: Worldwide manager moves to Hong Kong office
- Singapore: February bunker sales up 13.87% on year
Over two million mt of bunker sales recorded, but down from January's figure.
- Singapore: 380 cst supplies tight, congestion at terminals
Shortage likely to persist until end of March and suppliers anticipating firm bunker prices.
- Long Beach: Managing Director of Maritime Services retires
- TBA announces 3rd International Istanbul Bunker Conference
The Turkish Bunker Association has announced the dates, location and agenda of its forthcoming conference.
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