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| JUNE 16, 2006 |
Shipping News
- Hong Kong's May container volume up
HUTCHISON Whampoa, PSA International and other operators at Hong Kong's port handled 13 per cent more containers in May than a year earlier, helped by China's expanding trade.
- Keppel bags another order for jack-up rig from India
KEPPEL Fels has secured its fourth Indian jack-up rig order from Great Eastern Shipping Co Ltd - India's largest private-sector shipping and offshore company - as the country's exploration and production sector begins to heat up.
- Concern over NY's deep rail stations plan
WARNING that new railway stations planned for as deep as 15 storeys under Manhattan could be targets of terror, five transit riders' groups from New York and New Jersey have asked the city to reconsider the risk of building them.
- Rising fuel costs may hurt shipowners' gains
Port Shots
- Port Shots
AN affiliate of Singapore's Keppel Corp plans to invest 49.9 million yuan in a Chinese logistics firm, the Shanghai Securities News said yesterday.
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| JUNE 16, 2006 |
- Port of Qingdao to build 124 berths
- Ningbo-Zhoushan box volume up 38pc in May
- MOL renames liner info units
- Maersk to raise BAF in July
- Emirates Shipping appoints agents in Pakistan & Spain
- Take Malacca Strait off danger list, industry watchdog says
- Long Beach rewards green terminal operators
- Airbus delays A380 deliveries
- TNT, Lufthansa Cargo team up for Thai spectacle of light
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| JUNE 16, 2006 |
- GE Shipping orders new jack-up rig
- Supertanker rates set to rise on vessel demand
- SCI to bring 1 m tonnes more crude for BPCL in 2006-07
- 1.43 lakh tonnes of onions exported
- Malaysia seeks changes in edible oil import tariff set-up
- 29 pc rise in oilmeal exports during April-May
- Manufactured goods exports poised to double to $ 100 bn
- Pak to retain 10 pc import duty on Indian tea
- Rubber export ban ruled out
- Cochin Shipyard registers record production
- Most British ports poised to fall into foreign hands
- CoPT chief stresses need for oil storage tanks
- ACP, RMS to be implemented at ICD-TKD, Patparganj & Delhi airport from June 26
- We’ll make CSIA India’s pride, vows MIAL chief
- Air cargo sector set for dramatic changes-Minister
- Truckers demand uniform tax on diesel
- Nagpur airport registers nine-fold growth
- Top exporters to get uniform 5 pc incentive rate under Target Plus for 2005-06
- Rising forward premium on $ yields bonanza for exporters
- Focus Market scheme applicable to 57 countries
- Maharashtra govt brings down sales tax on petrol, diesel
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| JUNE 15, 2006 |
- NOL: group CEO will leave during second half of 2006
- CMA CGM launches new service to Caribbean
- BA World Cargo launches new premium products
- Russian Railways rejoins UIC
- Rhenus Alpina generates more turnover in financial 2005
- 8th Italian Air Cargo Market Conference
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| JUNE 15, 2006 |
- Baltic Exchange profits down, surplus up
- Exmar sells ship stake to Kosan
- Cosco boss gives thumbs up to Panama expansion
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| JUNE 15, 2006 |
- Coast Guard rethinks FRC
- India's Great Eastern orders jackup
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| JUNE 15, 2006 |
- Port of Seattle CEO announces departure plans
- Port of Everett sets contract for Port Gardner guest moorage
- Nippon Cargo Airlines orders two more Boeing 747-400 Freighters
- Port of Vancouver, USA moving on Rufener Farm projects
- Crowley moving tug fleet serving customers in Bay area
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| JUNE 16, 2006 |
- Transparency in sight for freight derivatives
THE dry freight derivatives market will gain some sought-after transparency before the end of the year if a scheme to begin reporting trading volumes and open interest comes to fruition.
- Macquarie consortium’s rival bid sends ABP shares to new heights
SHARES in Associated British Ports have been hoisted to new highs as a consortium led by Macquarie Bank of Australia emerged as a rival bidder to the team backing Goldman Sachs and the asking price for Britain’s largest ports group was raised to more than £2.5bn ($4.5bn).
- Cobelfret launches £95.5m Simon Group takeover
BRITAIN’S port sector buy-up frenzy yesterday added a new target with investors behind acquisitive Belgian shipping group Cobelfret launching a £95.3m ($176m) takeover assault on the Simon Group.
- Norway postpones tonnage tax decision in spite of pressure
NORWAY will not decide until this autumn at the earliest on a tonnage tax overhaul despite a gathering stampede of heavyweight shipowners abroad, writes Jerry Frank.
- Trading screen set for summer launch
THE first multi-broker freight trading screen is due for launch in the summer, its partners have confirmed, writes Neville Smith.
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| JUNE 15, 2006 |
- Spain sliding into shipyard battle
THE head of Spain’s industrial holding company Sepi has warned shipyard workers that discussions on privatisation have reached the end of the road
- Fender exec jailed for price fixing
PRICE fixing in the marine fender business has landed one California executive in jail for four months
- Volvo yachts head for shipping lanes
YACHTS participating in the Volvo Ocean Race have departed from Rotterdam into the North Sea shipping lanes on the final leg of the race up to Gothenburg
- ABP shares hit highs in bid battle
IT has been a buoyant day for shares in ABP, which is now at the centre of a bid battle between consortia led by Goldman Sachs and Macquarie Bank
- HHLA upbeat on privatisation prospects
A PACT with workers has vastly improved the opportunities for part-privatisation of Hamburg’s container terminal operator HHLA, says the group's executive board
- Brazilian strikes hit World Cup
BRAZILIAN football fans who ordered new TVs ahead of the World Cup have been frustrated by strike action that has delayed the movement of containers
- Charterers bang the drum for FFAs
- FFAs are a reality, conference told
- US to tighten 'DPW deals' control
- Norwegians save Davie from auctioneer
- Grindrod reshuffle announced
- SCI posts sharp fall in net profit
- Viking Line halves interim deficit
- Stena observes signs of hope
- First Ship buys Berlian newbuilds
- Courage targets Middle East growth
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| JUNE 15, 2006 |
- Macquarie matches Goldman's ABP bid
Australia's largest securities firm matches $4.78-billion takeover offer by U.S.-led consortium for Great Britain's biggest terminal operator.
- LA port tabs $33M for security
- U.S. Seaway chief leaving, foresees more China traffic
- United Airlines to axe 1,000 jobs
- Policy changes key to China consumer growth: Report
- MOL partners on Vietnam-Singapore service
- Great Lakes volume off
- Customs Update: Anti-terror measures trumping trade
- No contract talks yet on Panama Canal expansion
- Shipping Corp. of India profit off 43%
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| JUNE 15, 2006 |
- Unions demand mandatory safety code after Adelaide docker death
Australia’s waterfront unions are pushing for a nationwide stevedoring safety code on foreign ships after a docker was killed in Port Adelaide a day after a Victorian court issued a massive fine over a previous fatality.
- Bid war sees Goldman Sachs up the ante
Goldman Sachs and its consortium partners have entered into a bidding war for Associated British Port Holdings after Macquarie bank and its partners matched the revised offer.
- Russians for Ust-Luga?
The box-terminal development at Ust-Luga in northwest Russia may be moving into a more Russian sphere of influence, with European terminal-operating company Eurogate being edged out, according to St Petersburg-based sources.
- China COSCO will not follow Yangshan port fee cuts
- Yantian Port denies phase III stake transfer plan
- MOL and Bien Dong to launch new container service
- PAN seeks damages following conbulker detention
- CN invests in Prince Rupert Loco's
- SCI picks up second ship for IDX
- EU stakeholders: next step on shoes
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| JUNE 15, 2006 |
- Summer shocker
US equity analyst upgrades four tanker companies amid claims owners are beating the seasonal doldrums.
- OMI gives guidance
Stamford-based OMI Corp expects suezmax and products tanker time-charter equivalents of $45,000 and $23,000 per day this quarter.
- $3.2m reef grief
Florida authorities will use settlement cash to repair coral reefs damaged in 2004 by a Standard Club-insured Shih Wei bulker.
- CSAV orders in Korea
Chilean boxship player remains mum on reports it has signed for two 8,000-teu units at Hyundai Samho.
- Detention appeal fails
Canadian Supreme Court rejects landmark claim by owner of bulk carrier held in Vancouver.
- Litigation 'powerhouse' gets go-ahead
Partnerships at Richards Butler and Reed Smith vote overwhelmingly in favour of merger.
- Macquarie matches ABP bid
Australian bank says it will also pay £2.57bn to win control of 21 UK ports in battle with Goldman Sachs.
- UK licences probe
Government agrees to inquiry into issuing of “confetti” licences to foreign officers.
- Capesize limps into SA port
Greek-controlled vessel seeks South African port of refuge with crack in number one hold.
- Viking Line cuts losses
Finnish ferry owner improves passenger and freight volumes in first half to reduce deficit.
- SCI profits droop
Growth-oriented Indian owner sees 20% lopped off latest annual profit after stellar result of 2005.
- Goldman Sachs gets serious
Admiral consortium led by US bank raises offer for UK's ABP ports operation after interest from rival Macquarie.
- Silja may revive Aker order
Finnish line bought by Tallink could resurrect deal for two ro-paxes scuppered by previous financial difficulties.
- Exmar sells up
Belgian owner exits ‘Lady Class’ LPG sector with sale of stake in quartet to partner Kosan.
- Diana pockets $10m
Underwriters sell down another 1.05 million shares in Simeon Palios' US-listed bulk owner.
- Biendong steps up with MOL
Vietnamese owner launches new boxship run to Singapore with help from Japanese giant.
- Macquarie may bid for ABP
A consortium led by Australian bank says it may make a rival offer for British ports group.
- WW eyes Dockwise exit
Wilh Wilhelmsen and fellow shareholder Heerema hire Deutsche Bank to evaluate options.
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| JUNE 15, 2006 |
- Indonesian flour miller buys interest in Singapore ship operator
- COSCO head endorses Panama Canal expansion
- Crowley moving locations in Oakland
- Biendong, MOL to start Vietnam/Singapore feeder
- Singapore Airlines orders up to 40 787 "Dreamliner" planes from Boeing
- Lufthansa Cargo to market AirMadrid's cargo
- Lufthansa's cargo volume up 4.2% in May
- FKI consolidates manufacturing, engineering
- Schneider National to unload flatbed unit
- CN to buy another 50 locomotives
- Record coal trains for UP in May
- Alaska railroad tries to address vegetation overgrowth problem
- ITC investigates impact of duty-free pharmaceutical imports
- North American countries start business competitiveness council
- Eurinpro leases second Willebroek warehouse
- Goldman Sachs group raises ABP bid as Macquarie consortium enters fray
- DP World to build 2.2 million-TEU terminal at Port of Tianjin
- Port of Long Beach's container throughput rises 14% in May
- Port of Seattle CEO Dinsmore to retire in early 2007
- Port of Vancouver USA gets started on Rufener Farm redevelopment
- Port of Portland to sell land for Asian specialty food DC
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| JUNE 15, 2006 |
- "TransPaper" to be delivered in July
Swedish owner Transatlantic’s first newbuilding for the Stora Enso transport system between Northern Finland, Lübeck and Göteborg was on 14 ...
- Fosen will make good ro/ro hull delays
Fosen Mek. Verksteder will deliver the first of the two ropax vessels to Stena RoRo on July 12th, one month ...
- Reshuffle on EuroBridge and AngloBridge
DFDS Tor Line will reshuffle its services from Göteborg to Gent at the end of this month. At the delivery ...
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| JUNE 15, 2006 |
- Port commits $85 million to the environment
Port of Los Angeles spending 10% of budget on green projects for the coming year.
- Senior officer resigns from World Fuel
Search begins for replacement as Robert S. Tocci decides to leave.
- Lukoil to bid for Rotterdam refinery
Russian oil giant seeks bigger presence in European oil and bunkering hub.
- Ship at risk granted refuge in South Africa
Authorities grant refuge to damaged vessel with 1,000 mt of fuel oil onboard.
- Singapore: Stocks of residual fuels at 3-month high
Stocks of residual fuels over 12 million barrels, middle distillates down.
- Dispute over development rights at PTP to be settled soon
Dispute over rights to develop bunker island and oil terminal rumbles on, but sources say resolution will be reached soon.
- Hong Kong resolves to combat emissions from ships
Although power plants are the major source of air pollution, the government has not taken lightly the emissions from vessels.
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