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| APRIL 18, 2006 |
Shipping News
- NYK to take 4% stake in Dalian Port
NIPPON Yusen KK, Japan's largest shipping company, will own 4.1 per cent of China's largest oil terminal operator in Dalian Port Co's HK$2.16 billion initial public offering, according to a sales document.
- Japan says China shipping ban could violate UN Convention
A reported Chinese ban on ship traffic around disputed gas fields in the East China Sea could violate the UN Convention on the Law of the Sea, a top Japanese government official said yesterday.
- Trip organiser blamed for Bahrain tragedy
WITNESSES blamed the sinking of a Bahrain pleasure boat, which killed 58 people, on the trip's British organiser who forced the ship's captain to sail against his wishes, an attorney for the vessel's owner said.
- Oil tanker earnings may fall on higher US inventories, say strategists
- Indian firm to launch floating port
- Tokyo bay collision
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| APRIL 18, 2006 |
- Hanjin enters Singapore-Bangladesh feeder market
- Cost escalation should be viewed as a concern for industry: analysts
- NYK offers services incorporating its Amsterdam terminal
- Israel-China BAF to be adjusted to US125 per TEU in May
- SATS, Air India bag cargo terminal deal in India
- Qantas, Air NZ to collaborate on flights, marketing
- Airfreight logistics park to be built in Chengdu
- SkyCargo expands European services
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| APRIL 18, 2006 |
- OEL’s Orient Strength completes 100 voyages
- G. P. Sinha joins Allcargo Global Logistics as CEO, Infrastructure Div.
- Cost of hiring Aframax tankers plunging
- Ship design centre plans upgradation
- Reliance Petroleum may acquire VLCCs
- Zim to launch new Asia-Gulf Express (agx) service from July
- CMA CGM profit surges by 12.6 pc
- Maersk Line inaugurates intra-Asia loop
- Dongnama’s China-Korea service starts SICT calls
- Kalmar opens subsidiary company in S. Africa
- Cosco earnings soar by 31 pc
- Italia Marittima adds to network of shortsea/feeder services operating out of Taranto Container Terminal
- New dedicated container port at Le Havre opened
- NY/NJ sets cargo handling record
- Hanjin to add Singapore-Bangla dedicated feeder service
- Greenlog Network expands its business into Denmark
- RCL posts record full-year profit
- CSCL boosts capacity on popular domestic service
- WTSA to hike freight rates for frozen vegetables
- Textile exports post robust 26 pc growth in 2005-06
- US Dept of Commerce rejects Indian seafood exporters’ plea on technical grounds
- Six-fold rise in export of pomegranates
- Darjeeling tea set to go places
- Proposed Posco port’s impact on Paradip Port to be ascertained
- Malaysian firm replaces DPW as technical partner in Gangavaram Port Ltd
- GPPL draws up ambitious Rs 1,320-cr., 3-yr plan to develop Port Pipavav
- Impressive show by ICD-Pithampur
- Sai Maritime well-equipped to provide all types of logistics solutions
- Railways’ wagon leasing policy being laid out
- ICD-Dighi commences handling perishables export cargo
- Forex reserves crossed the $ 150-billion mark
- New DEPB scheme to factor in unrebated taxes
- Service tax collections exceed Customs revenue in Hyderabad!
- CLE happy with changes in exim policy
- AIEC:Simplified procedures, schemes consolidation welcome
- PM to address CII annual session today
- Indo-German Chamber to hold seminar tomorrow
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| APRIL 17, 2006 |
- Passamaquoddy Bay LNG row
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| APRIL 17, 2006 |
- Bellingham Port Commission to discuss waterfront redevelopment
- Greenbrier announces quarterly dividend
- Colonial Mexico in spotlight for Oregon/Washington residents
- NOAA calls for applications for Ernest Hollings scholarship
- Mitsui joins Leif Hoegh for LNG service in US
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| APRIL 18, 2006 |
- Little eyes Asia after taking Toll of Patrick in $4.2bn takeover
AGGRESSIVE Australian logistics colossus Toll Holdings will turn its attention to East Asia after swallowing domestic rival Patrick Corp, chief executive Paul Little confirmed yesterday.
- Horizon will charter five Ship Finance newbuildings
US JONES Act container line Horizon has concluded negotiations to charter five newbuildings from Ship Finance International.
- Palmali breaks ice to secure Lukoil products tankers sale
TURKEY’S Palmali Shipping has finally concluded a long awaited deal with Russia’s Lukoil to buy 10 icebreaker products tankers for $265m.
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| APRIL 17, 2006 |
- Lines upgrade Pacific Northwest service
Carriers of the CKYH Alliance offer four new loops of operation, faster transit times linking Southeast Asia with ports of the Pacific Northwest.
- New U.S. S. Atlantic service
- Jamian leaving MARAD
- Seattle, SSA to sign 30-year lease extensions
- Maher opens Saturday gates
- Investors sue Sea Containers
- Mallory to manage North Dakota logistics hub
- BAA rejects Goldman Sachs airports offer
- Inouye to keynote containerization gala
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| APRIL 17, 2006 |
- Conversions net Cosco cash
Orders stack up at Chinese yard Cosco Corp (Singapore) as owners desperately seek conversions.
- NYK to take Dalian stake
Japanese shipowner to take 4.1% stake in Chinese port's Hong Kong initial public offering.
- K Line slips on fuel
K Line of Japan set for profit slip-up as soaring fuel costs eat in to forecasted result.
- Bells toll for Ozzie union
Celebrations down under as Toll and Patrick finally settle their differences and tie the knot.
- Labroy in double-order scoop
Labroy Marine lands two more orders but keeps mum about the identity of the buyer.
- Mercator moves into drilling
Expanding Indian owner orders $180m jackup rig newbuilding from Singapore’s Keppel FELS.
- Russian ‘terror plot’ foiled
Russian official collared in plot to blow up oil tanker in northern port of Murmansk.
- Shipping ban hits Japanese fan
Reported Chinese shipping ban in East China Sea has fanned Japan's flames of fury.
- Boxship grounds in New York
Hapag Lloyd containership refloated after less than two hours aground in the Kill Van Kull.
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| APRIL 14, 2006 |
- "K" Line order crude carriers
- MOL, Leif Hoegh form joint venture
- Financing in place for new Horizon Lines ships
- Freighter sinks in Tokyo Bay
- COSCO adds Greek call to Asia/Mediterranean service
- WITASS to lower Port of Spain, Trinidad congestion surcharge
- Sea Consortium, Hanjin to start Singapore/Bangladesh feeder
- Yang Ming creates Korean subsidiary
- Group forms McLean center at Kings Point
- Atlas Air earns profit
- Swiss arranges Saudi wedding flight
- U.S. grain companies balk at petition for short-line abandonment
- Clayco completes Chicago warehouse project for pharmaceutical maker
- U.S., Peru sign trade agreement
- U.S., China to work on phytosanitary differences
- BKA Logistics brings Alaskan salmon to needy in Guatemala
- Mogelvang named executive vice president at Shipco
- Greenlog Network moves into Denmark
- SEKO names Goldberg COO
- Port of Seattle extends lease agreements in terminals
- ILWU says ID fix should cover all ports
- Port of Tilbury dockers find stowaways in container
- Jurong Port's box volumes down 2.7% in March
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| APRIL 17, 2006 |
- NYMEX: New closing record over $70
Bullish exchange establishing new high as analysts predicting market will 'test' $75.
- Brazil prices stay steady
After last week's firming, Petrobras holds prices level and reporting good avails in main ports.
- LA announces cold-ironing conference
'The future to clean air' 3-day event to review port's alternative maritime power programme.
- Halt to Volgo-Balt could slash fuel oil exports
St Petersburg cargoes predicted to fall by 4 million tonnes unless canal is dredged.
- Estonia: Officials want to raise vessel, remove fuel oil
Worries persisting over possible pollution from sunken Russian ship.
- Singapore: March bunker sales touch 2.3 million mt
First quarter bunker sales volume posted more than 6.5 million mt, up 10% over March 2005.
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