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| JANUARY 17, 2006 |
Shipping News
- S'pore overtakes HK to become world's busiest container port
SINGAPORE has overtaken Hong Kong as the world's busiest container port for the first time in seven years, edging ahead of its north Asian rival which has suffered at the hands of southern China's cheaper Pearl River Delta terminals.
- Shipping rates may continue to fall this year
SHIPPING rates will probably fall for a second straight year as the fleet of coal and iron-ore carriers grows faster than the world's demand for commodities.
- Strikes paralyse European ports
THOUSANDS of dock workers held a tumultuous march on the European Parliament headquarters yesterday to protest a European Union plan to liberalise port services.
- Court bans 'asbestos' ship from entering India for now
- Taiwan shipper forms JV with Chinese firm
- Eurostar's sales rise 7% in 2005 to £464m
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| JANUARY 17, 2006 |
- Wan Hai takes delivery of second newbuild from Singapore
- Shenzhen exports 100m tons of goods overseas
- Jurong sees 2005 throughput rise 28pc
- Penang needs to increase port tariffs, argues RAM
- Yinchuan Customs to offer online payment facility
- Port of Seattle, SSA Marine make switch to cleaner diesel
- GeoLogistics names Eisenblatter to oversee ocean freight division
- 2005 tops for HK airport
- Qantas, SR Technics consider forming JV to supply A380 parts
- World Airways lands DC-10 cargo contract
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| JANUARY 17, 2006 |
- Sitara Shipping completes 25 successful years
- Allcargo Global Logistics sells 6 pc equity to New Vernon
- CMA CGM upgrades Asia-W. Africa service
- CSCL to resume eastbound Durban call
- Asian carriers to launch new Asia/S-E Australia services
- ...buys stake in Tangiers terminal consortium
- Rickmers-Linie & ECL to cooperate in transpacific westbound trade
- Bidding begins for $ 600-m Panama container port project
- EEPC aims to hit $ 18-bn mark by 2010
- ‘Dame Fortune’ in P&O’s takeover path
- Centrally-sponsored scheme to develop small ports on drawing board
- Announcement on dedicated freight corridor may come in Rly Budget
- New Railway policy may let private firms own wagons
- Forex reserves dipped by $ 6,844 million to $ 1,37,206 million
- Trade with Pak may well exceed $ 1 bn-says study
- Finance Minister rules out tax hikes in Budget
- Asean FTA: Rift remains in the lute
- Talks on Japan-India trade pact picking up
- Technology missions for textiles, leather & food processing may be set up
- Ultra mega project in Ratnagiri lifts gloom on Maharashtra power front
- Taiwanese firms may invest in leather industry
- Unctad to hold consultations with industry on pruning FTA sensitive list
- Textile firms eyeing foreign shores for strategic reasons
- India, Italy sign tax protocol
- Forex reserves swell by over $ 2 bn
- Business with Japan: Seminar at IMC tomorrow
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| JANUARY 16, 2006 |
- TEN orders extra aframax
- ESPO renews call to drop EU directive
- Euro dockers protest over ports directive
- Egypt clears carrier’s Suez transit
- New London Maritime head
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| JANUARY 16, 2006 |
- NAVSEA awards superdonductor generator contract
- Aker Yards wins PSV order
- NASSCO names three VP's
- India's ABG Shipyard to acquire Fujairah repair unit
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| JANUARY 17, 2006 |
- Violence as dockers take ports protest to EU
FRENCH police fired pepper gas at demonstrators as thousands of dock workers marched on the European Parliament in Strasbourg yesterday to protest against European Union plans to liberalise port services.
- P&O break-up ‘unlikely’ if PSA wins bid battle
PSA International is unlikely to break up P&O if it wins a bidding war with Dubai Ports World for the UK-based port operator, although it may have to sell certain European assets to meet regulatory requirements.
- Anglo-Eastern urges Hapag-Lloyd to retain CP Ships management deals
ANGLO-Eastern Ship Management is urging Hapag-Lloyd to maintain the existing ship management contracts covering CP Ships’ fleet of containerships amid speculation that the German box line could take management in-house.
- Price of decontaminating Norway was ‘too high’ for Star Cruises
THE likely cost of removing the estimated 2,000 tonnes of asbestos aboard the iconic cruiseship Norway apparently put paid to a deal to remove the substance before it was sold for scrapping on the demolition beaches of Alang.
- Clemenceau awaits Supreme Court ruling
THE former French aircraft carrier Clemenceauwas barred from entering India’s 220 nautical mile exclusive economic zone until further notice, the country’s press reported late yesterday, writes Rob McKay.
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| JANUARY 16, 2006 |
- Hamburg drops HHLA/Bahn plans
HAMBURG state government has broken off talks with state railway company Deutsche Bahn over a share in container terminal operator HHLA
- Women rowers rescued
A SECOND rowing crew participating in a trans-Atlantic race was rescued yesterday some 1,300 n-miles east of Puerto Rico
- LR's Moorhouse warns of IACS threat
LLOYD'S Register executive chairman David Moorhouse warned today that EU regulations will boost IACS' membership but at the expense of quality
- RCCL scores investment grade
ROYAL Caribbean Cruises Ltd is no longer ‘junk’, according to Standard & Poor’s, which has just raised the cruise operator’s rating to ‘investment grade’
- Railfreight disappointment at Eurotunnel
EUROTUNNEL, which operates the tunnel between the UK and France, has reported small rises in passenger and truck traffic and a significant fall in rail freight during 2005
- Search for boxship captain suspended
US COAST Guard officers have suspended the search for the captain of the container ship Agaman who fell overboard yesterday 190 n-miles east of Cape Hatteras
- Grimaldi in the fast lane on the Med
- Gdansk wins Aker structures contract
- Swedish ports call for strike law review
- Messina shipyard sold to Palumbo
- MISC quashes Teekay talk
- Mokhtar may start budget airline
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| JANUARY 16, 2006 |
- NY-NJ exploring ferry freight plan
Port Authority considering ferries across New York Harbor to help ease the crush of container trucks on jammed highways.
- Europe ports hit by strikes
- Tacoma lets WUT contract
- Railroads, UTU to resume talks
- Record freight for Antwerp
- New int’l. VP for Chemlogix
- Hong Kong's cargo strong
- Lufthansa seeks China JV license
- Rickmers, ECL launch Pacific charter
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| JANUARY 16, 2006 |
- Anti-Ports Package II demo sees violence, condemned by supporters
Violence marred today’s anti-Ports Package II demonstration at Strasbourg, as some demonstrators clashed with police and smashed some of the European Parliament’s façade, attracting supporters’ condemnation.
- Tianjin Port fails its second IPO attempt
Tianjin Port Development Holdings was required by the Hong Kong stock exchange to submit additional information in the hearing last Thursday smashing its hopes of listing in the first quarter.
- P&O breaches £5 barrier on London Stock Exchange
P&O deferred shares breached the £5 – or 500p (US$8.89) - barrier on the London Stock Exchange, spiking to 502.61p, though settled slightly down, to close at 500p.
- HK Ship-manager confident of retaining CP Ships’ business
- Work on new Chittagong box-terminal behind schedule
- TPS targets 5% volume increase in 2006
- Inchon to handle North Korean products
- Tanjung Priok’s 2005 container throughput reaches 3.2m TEU
- New rail-access for Santos
- Former Norasia CEO establishes Emirates Shipping Lines
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| JANUARY 16, 2006 |
- Clemenceau left in limbo
Former French aircraft carrier barred from Indian waters until all-clear given on hazardous materials.
- BHP signs Korean deal
Mining giant lands 10-year deal with Hyundai to supply new steel mill with iron ore and coal.
- Tlo-online sinks
Lloyd’s syndicate pulls the plug on scheme to buy total loss only hull cover over the internet.
- EU ports hit again by action
Dockers down tools for the second time in a week in protest at proposed port legislation.
- Filipinos fill their boots
Seafarers’ overseas employment contracts pass the 300,000 mark on “robust demand for skills”.
- Farstad back at Aker
Aker Brevik to build platform supply ship for Norwegian owner.
- Qingdao clinches tanker order
Hyundai Corp’s Chinese shipyard to build nine bunkering vessels for Greece’s Aegean.
- Yang Ming targets Yangzte
Taiwanese boxship line teams up on logistics with China Changjiang National Shipping.
- Russia to buy back Nornickel?
Government reportedly interested in clawing back huge mining group which is branching out into shipowning.
- Fesco price rises
Long-delayed sell-off of 20% stake in Russian boxship owner set for next month.
- Wartsila goes Brazilian
Finnish engine builder has signed a licence manufacturing agreement with Brazil’s NUCLEP.
- ESL orders in India
Baltic dry cargo operator splashes out $62m on its first Indian newbuildings.
- Car carrier suffers fire
Courage makes it back to Southampton after engine lagging caused blaze in Atlantic.
- Record breakers
Singapore box port operators PSA and Jurong set new highs for domestic container throughput.
- Chong keeps on buying
Former Links Island founder ups stake to almost 10.5% in fledgling Singapore shipowner.
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| JANUARY 16, 2006 |
- Transport minister back IMO effectiveness
- Grounded CP Ships vessel abandoned by owners
- Taiwanese companies invest in Hainan Airlines' cargo unit
- Lufthansa's December cargo down 4.3%
- Hospital provider uses online truck matching service
- Thierjung joins NXL
- South Korea takes crucial step toward restoring U.S. beef trade
- Grindrod, LauritzenCool Logistics join forces
- ChemLogix appoints Keegan
- NAL names Hassan VP
- Dockers protest EU's plans to open up cargo handling market
- Hong Kong's box volumes up 2% in 2005
- Tuticorin's throughput up 9%
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| JANUARY 16, 2006 |
- Dockworker on strike over most of Europe
A large number of European ports will be hit by strikes today, Monday. Around 35,000 dockworkers throughout Europe will use ...
- ESPO lobby against port directive
ESPO – European Sea Ports Organisation – has again urged the European Commission (EC) to withdraw its proposed port services directive and ...
- ESL Shipping places order in India
The Finnish company ESL Shipping orders two ice strengthened 18,800 DWT geared bulk carriers from the Indian ABG Shipyard Ltd ...
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| JANUARY 16, 2006 |
- Warning to bunker suppliers from US maritime lawyer
Uncertain legal times ahead requiring more industry vigilance and attention to fuel specifications.
- Bunker barge orders signal small vessel focus for shipyard JV
Newly-formed shipyard joint venture secures contract for nine 5,500 dwt bunkering vessels.
- Statistics show surging Russian oil product exports in 2005
Oil companies favouring product exports at the expense of crude.
- Maritime London appoints bunkering figure as chief executive
IBIA founding member and former Maxcom UK boss now running maritime promotional body.
- Rotterdam/Antwerp trade offers on a par Monday morning
- LQM Gibson advises new contact details in UK
- Germany under pressure to change bunker tax law
European Commission pushing for change to bunker tax law rules.
- Singapore: 2005 bunker sales up 8.1% on year
MPA's December sales figures add up to record-breaking year.
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