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| MAY 16, 2006 |
Shipping News
- PSA is welcome as an investor: Le Havre port
THE French port authority of Le Havre, in expanding its port capacity to attract more cargo from Asia, is looking at investors keen on operating its new common user and dedicated terminals.
- PSA's local volume rises 4.4% on growing trade
PSA International Pte, the world's second-biggest container port operator, said it handled 4.4 per cent more containers in Singapore in the first four months from a year earlier, because of expanding trade.
- Logistics units may earn 25% of profit by 2011: NYK
NIPPON Yusen K K, Japan's largest shipping line, said its distribution and logistics businesses may double their contribution to profits in the next five years, as it diversifies to reduce dependence on seaborne cargo.
- Quintana buys 17 vessels for US$735m
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| MAY 16, 2006 |
- MOL net profit falls sharply
- Toll takes control of Patrick
- Fuel costs no problem
- OOCL's new services to link Northport with Middle East and Indian markets
- Rotterdam aims to be halal gateway
- UPS gains CAAC accreditation
- Air China Cargo inaugurates new Beijing freight terminal
- Emirates Skycargo passes US$1b 1m tonne record mark
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| MAY 16, 2006 |
- Italia Marittima adds to transpacific portfolio with new China-USEC service
- CSCL to add 13 vessels to fleet
- APL’s new PCX boosts intermodal links between Shanghai/Ningbo/Pusan & N. America
- Rate increase coming in June for Far East-W. Africa trade
- Los Angeles ports projected to boom
- IRISL needs 500 ships in 15 years
- DPW’s 23-terminal network integration to be completed soon
- "K" Line’s containership building programme
- Springtime finds DCT Gdansk right on schedule
- NYK, Yamato enter into business, capital tie-up
- Famous Pacific Shipping names new Vice-Chairman
- China plans 2 major port regions
- No entry for Blue Lady, says Gujarat official
- Grooming seafarers and logistics players
- India, China aiming for $ 100-bn trade by 2015
- 1.5 lakh tonnes of sugar for Pak
- India, Myanmar propose to hike trade target to $ 1 bn this fiscal
- Plan to develop small ports being pursued-MMB chief
- Ahoy! 12 port sites in Orissa ahead!
- Chennai, Tuticorin Ports in development mode with Sethu canal taking shape
- Cochin Port staff fancy desalination plant to meet ships’ water needs
- Cochin Port moves onto fast track in Rs 9,000-cr. upgradation programme
- Bidding deadline for MbPT’s offshore box terminal extended again
- Forex reserves surged by $ 3,410 million to $ 1,60, 672 million
- Andhra wants to make most use of gas find
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| MAY 16, 2006 |
- MOL nominates Yoko Ishikura as outside director
- Eurogate reports record results
- Thai Airways increases profits
- BoxXpress launches new North Sea–Hungary blocktrains
- Kuehne + Nagel opens new office in Cancun
- EU/US open sky agreement still on the cards but not imminent
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| MAY 15, 2006 |
- NI in bulker safety initiative
- EC pushes cold ironing
- Camillo Eitzen’s stronger Q1
- Rina’s new courses
- Hatch cover guide
- Oglebay Norton sells lakers
- EC raises passenger limits on island services
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| MAY 16, 2006 |
- Austal wins order from Oman
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| MAY 15, 2006 |
- Matson plans to boost fuel surcharge June 4
- Oglebay Norton Company selling fleet of vessels
- NCL America cancels cruise due to PRIDE OF ALOHA delays
- Founder of maritime university Professor Gunther Zade dies at 70
- Portland International Airport making changes to gate scheme
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| MAY 16, 2006 |
- Faulty twistlocks ruled out in box loss inquiry
Faulty twistlocks were not to blame for a spate of container losses this winter, an investigation by Germanischer Lloyd has concluded
- ‘EU coastguard’ spectre back on Brussels agenda
BRUSSELS is planning to use the forthcoming transport policy revision to relaunch its push for the creation of a European coastguard, according to a document seen by Lloyd’s List.
- Study shows shipping is failing to meet new sulphur emissions target
A STUDY by DNV Petroleum Services has confirmed the shipping market’s "lack of readiness in meeting the 1.5% sulphur requirement of sulphur emission control area regulations" - with sulphur levels in marine fuels at some ports actually rising when they should be falling, writes Neville Smith in St Petersburg.
- Twistlocks ‘not to blame’ for box losses
FAULTY twistlocks were not to blame for a spate of container losses this winter, an investigation by Germanischer Lloyd has concluded.
- SCI eyes up China yard option
SHIPPING Corp of India, which plans to acquire up to 14 bulk carriers of different sizes, will probably have to turn to Chinese shipyards.
- Horrocks successor lined up for ICS top job
THE LONG search for a successor to Chris Horrocks, secretary general of the International Chamber of Shipping and International Shipping Federation since 1978, is almost over.
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| MAY 15, 2006 |
- HHI, Samsung back in profit
HYUNDAI Heavy Industries and Samsung HI posted healthy profits for the first quarter of the year, but Daewoo Shipbuilding remains weak
- NYK hits profit record
CONSOLIDATED net profit at Nippon Yusen Kaisha (NYK) grew 29% to a record Y92Bn ($836M) in fiscal 2005 on revenues of Y1,929Bn ($17.4Bn)
- Leap in profit at ASRY
ARAB Shipbuilding and Repair Yard in Bahrain has reported a leap in both operating profit (at $7.15M) and net profit ($4.95M) compared with the same period in 2006
- Cruise faces protest challenge
REPORTS of irate passengers aboard Celebrity Cruises’ Summit rebelling against cancelled calls point to a growing customer and media relations challenge
- Indians expected to send Norway back
STAR Cruises' Norway, now known as 'Blue Lady', may well suffer the same fate as French aircraft carrier Clemenceau
- Passengers drown as Chanchu hits
- QM2 seafarer dies after fight
- Toll's stevedore pricing under scrutiny
- HK ferry casualty not linked to age
- Greek ferry strike called off
- Panama helps Houston think bigger
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| MAY 15, 2006 |
- U.S. delays ACE truck enforcement
Computer glitches force Customs to postpone for a month enforcement of electronic manifest filing for truckers crossing into United States.
- Port ID card rules to be published May 22
- Loss for Trailer Bridge on lower utilization
- Maersk expands in N.C.
- Infor to acquire SSA Global
- Rail shippers want overhaul of rail fuel surcharges
- IMO reviews satellite ship-tracking to fight terror
- U.S. pact opens door to WTO for Vietnam
- Cronos revenues up
- Fuel fee hike for Matson
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| MAY 15, 2006 |
- Bankers to settle finance structure of new Petersburg terminal project
Bankers on a project for another St Petersburg container and ro-ro terminal are on the verge of agreeing the equity-structure to enable construction to go ahead, for a 2008 start.
- Tensions rise in Chittagong as Dhaka prepares to hand over new terminal
- LA/Long Beach loaded containers gain ground
- Hyundai Heavy Q1 profits falls 67% from last quarter
- FESCO Q1 profits soar
- SITC to launch Hakata/Dalian service
- Hong Kong and Singapore throughput updates
- TWIC issue to go to Senate Committee
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| MAY 15, 2006 |
- Crowley profit soars
Crowley’s uncannily timed acquisition of Titan last October keeps looking better as first-quarter figures emerge.
- Docking stings Trailer Bridge
John McCown-led ro-ro specialist Trailer Bridge reports a loss after authorities turn thumbs down to an accounting change.
- Samsung turns it around
Korean shipbuilder Samsung Heavy Industries makes a profit in the first quarter as revenues increase and orders pile up.
- Quintana shares shrug
Newly bulkier bulker player sees shares dip 2% as company presents its case for $735m acquisition of 17-ship Metrostar fleet.
- Silja bid cash is "ready"
Ship chandler, Sigurd Steen, insists he has credible backing to launch $668m takeover offer for Baltic ferry line.
- Sagging net at Aries
Mons Bolin-led Aries Maritime hopes not to repeat its earnings setback and dividend disappointment next quarter.
- Standard Club sets record
Surplus of $20m boosts reserves of hard line P&I club which insured lost ferry, Queen of the North.
- Sovcomflot better by half
First quarter net profits up 55% for Russian tanker owner, despite rates softening in some markets.
- Zamil eyes UAE
Saudi supply ship owner wants to build shipyard in Sharjah as oil exploration demand grows.
- Fantaasia off to Algeria?
Estonian owner Tallink may be about to offload ferry surplus to requirements in Baltic.
- Naikai back in black
Naikai Zosen of Japan leaves a loss-making first six months behind to surpass forecasted profit and revenue figures.
- NorFerries bids for Silja
Little known Norwegian start up to offer $668m to buy Finnish ferry operator from troubled Sea Containers.
- India keeps ship at bay
Former cruise ship Blue Lady to be denied entry to India afterall as 12-mile barring order issued by Supreme Court.
- All change at Go Carriers
Hedge funds move in on UK-listed bulker player after George Fidakis’ Globus Shipping sells stake.
- Dae Sun rises
Small Korean yard Dae Sun Shipbuilding & Engineering pushes profit up on the back of increased orders.
- Daewoo down again
Losses pile up at Korean shipbuilder Daewoo as a strong won erodes higher revenues in the first quarter.
- Hyundai back on track
Hyundai Heavy Industries turns from a first-quarter loss last year to a profit as more expensive ships get delivered.
- Ghandour back at Daewoo
Lebanese owner’s Gulf Marine inks pair of VLGCs to add to VLCC orders at South Korean yard.
- Asimar's profits double
Stock-listed Thai shipbuilder and repairer makes strong start to 2006 with more work and less costs.
- Oglebay sells six
Great Lakes owner finds buyer for two-thirds of fleet, but still looking for buyers for last three.
- Crewman dies on QM2
Filipino detained on luxury cruise line for allegedly attacking colleague and causing his death.
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| MAY 15, 2006 |
- Trailer Bridge's posts $1.8 million 1st quarter net loss
- Matson raises bunker surcharge 2.75%
- NYK sets up Russian subsidiary
- OOCL names 5,888-TEU ship
- BAX Global expands China presence
- Kansas City Southern names Ottensmeyer CFO
- U.S. helps pave way for Vietnam's WTO accession
- Schneider Logistics to run Wal-Mart Chicago DC
- Gentle to retire from Owens Corning
- FMC investigating NVOs for possible violations
- TSA seeks integrator for TWIC program
- Los Angeles-Long Beach volume up 10% in April
- Jurong Port's April throughput slips 10%
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| MAY 15, 2006 |
- Norwegian bid on Silja Line
A new potentil buyer of Silja Line has emerged. According to reports in Finnish press, Norwegian Norferries has filed a ...
- ScandLink postpones link to Swinoujscie
ScandLink postpones the start-up of the RoPax service between the Norwegian Port of Drammen and Swinoujscie in Poland beacuse ...
- Norwegian ferries hit by limited strike
Close to 40 domestic Norwegian ferry routes and the tug services at Norway’s biggest oil terminals Mongstad and Sture are ...
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| MAY 15, 2006 |
- Maersk, Port of LA lease talks terminated
Port authority looking for new tenant as shipowner walks away from negotiations.
- Volgotanker's troubles deepen
Russia's leading river oil transport company reported to be mothballing fleet due to crippling tax claim.
- New ship engine performance analyzer introduced
Monitoring system for ocean-going ships claims improved engine performance and fuel efficiency.
- Fuel blender prepared for Mediterranean bunker barge operation
Blender being pressure tested and approved before installation on Mediterranean bunker barge.
- Rotterdam reacts to crude fall
- Typhoon causes grounding of oil tanker
Oil tanker carrying 1,500 mt of bunker fuel ran aground off the coast of Pinamalayan, the Philippines.
- Approaching typhoon may halt Hong Kong bunker deliveries
Typhoon Chanchu is expected to hit Hong Kong later this week.
- Shipping company raises bunker fuel surcharge
Hawaii's largest shipping company said it will raise its bunker fuel surcharge for the third time this year in June.
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