 | web site |
| FEBRUARY 20, 2006 |
Shipping News
- P&O's Miami partner sues to block DP World's takeover
A company at the Port of Miami has sued to block the takeover of shipping operations there by Dubai Ports World, a state-owned business in the United Arab Emirates.
- Dubai Ports seeks US$6.5b to buy P&O
DUBAI Ports World will borrow US$6.5 billion to finance its acquisition of British port and ferries group P&O, a statement said on Saturday.
- Europe looks ill-equipped to cope with rust-bucket ships
THE fiasco over the French aircraft carrier Clemenceau highlights Europe's lack of facilities for wrecking old ships, according to industrialists and environmentalists.
- Mitsui OSK says it won't meet profit forecast next year
- Freight prices up on iron ore buying
- Strong wind, waves hamper China rescue of 31 seamen
- Suez Canal Authority says no to discount for gas tankers
|
 | web site |
| FEBRUARY 20, 2006 |
- Singapore throughput higher than HK's in January
- CMA Logistics seeks HK GEM listing
- Sinolines starts calling at Manila
- Indonesian importers group boycotts Danish products
- 2005 a record year for Singapore unit of Cosco
- CBP takes steps to stop textile quota violators from pulling wool over its eyes
- Deutsche Post 2005 net profit rises
- Air cargo price fixing started in 2000, report alleges
- Schenker forms JV with StarTrans to focus on growth markets
- MASkargo raises fuel surcharges for cargo services
- Court approves Delta's aircraft lease transactions to save money
|
 | web site |
| FEBRUARY 20, 2006 |
- Pisces Container Lines acquires Aquarius Logistics
- CHENSAA’s pivotal link between Port, trade & Customs underscored
- Centre to establish Maritime University
- Essar Shipping to acquire VLCC
- Petronet floats tender for chartering 2 LNG tankers
- DGS narrates events leading to death of Indian seafarer
- IGLN inaugural conference commences today
- ITES-BPO exports show rising trend
- Aim is to double agri-exports in 5 years-Kamal Nath
- Apparel exporters seek soft tax regime
- Further dumping duties on Chinese silk unlikely
- Exim Bank extends LoC to Senegal, Niger
- Kenya turns Indian tea buyer
- CR steel manufacturers demand curb on steel exports
- Metal traders seek cut in import duty
- Scope to boost textiles, leather goods and software exports to Australia seen
- CLE wants Rs 100-cr. aid for effluent treatment
- Kakinada port expects Rs 10 cr. revenue this fiscal
- Supreme Court seeks expert panel’s assessment of Alang shipyard
- SICL to build 2nd dedicated coal terminal at Ennore Port
- TAMP allows Tuticorin Port Trust to hike lease rentals
- Kalam reveals plans for 2 dedicated freight corridors
- CONCOR resumes services between ICD-Aurangabad and JNP/NSICT/DRT
- Excise duty may be reimposed on vegetable oil
|
 | web site |
| FEBRUARY 20, 2006 |
- New leadership team at BAWC
- "K" Line takes delivery of LNG carrier
- Singapore Airlines profits down
- Jumeirah road corridor project launched in UAE
- Deutsche Post presents provisional 2005 results
- Holland puts its foot down on Iron Rhine
- EWS launches online facility for last-minute intermodal customers
- Study trip to the logistics hub of the future
|
 | web site |
| FEBRUARY 17, 2006 |
- Precious Shipping sees massive profit
- Frontline enjoys good end to 2005
- Port services excluded from ‘Bolkestein Directive’
|
 | web site |
| FEBRUARY 17, 2006 |
- Kirby ups ownership in Osprey Linel
- Clinton and Menendez seek to block Dubai ports deal
- Crowley orders two heavy lift deck barges
- Bangladesh bans S.S.Norway
- Celebrity Cruises orders second post-Panamax ship
|
 | web site |
| FEBRUARY 17, 2006 |
- Port of Bellingham fund supports Ferndale trail project
- US rail freight numbers come up positive during week
- Celebrity Cruises orders second Solstice-class liner
- International trade group supports Bremerton speedway
- Mitsui sends inspection teams to study vessel operations
|
 | web site |
| FEBRUARY 20, 2006 |
- Clinton in backlash against Dubai P&O deal
P&O’s imminent takeover by the United Arab Emirates’ DP World is facing powerful opposition in the US where the British ports company operates a number of facilities.
- Singapore courts international shipowners with further tax incentives
SINGAPORE has extended further tax breaks to shipping in its 2006 budget, with Prime Minister Lee Hsien Loong saying the country must attract more international shipowners to set up shop.
- Spain’s court battle with ABS over Prestige nears climax
THE long-running factual discovery phase in Spain’s $1bn lawsuit against ABS and its consulting subsidiary ABSG Consulting, formerly ABS Marine Services, is scheduled to conclude at the end of next month as two critical offshoots of the case await decisions by a US federal court in New York.
- Insurers give no ground in P&I renewals
SHIPOWNERS have faced unyielding insurers during the P&I renewals, but an even tougher period may be on the way.
|
 | web site |
| FEBRUARY 17, 2006 |
- BMT looks to expand civil interests
BMT, the UK-based maritime, transport and defence technology group, is looking to expand its non-defence-related interests
- DPW sets up big loan for big deal
DP WORLD has arranged a five-year $6.5BN funding package, largely to fund its takeover of P&O, due to be completed in the second half of March
- Ship Finance considers further listing
- Delhi to scrutinise ship breaking
- DPW could face US lease issues
- Sea Empress disaster: 10 years on
- New head for P&O Ferries
- Transneft backs Caspian oil for pipeline
- Cruise orderbook hits $16Bn
- Reefer aground: 3 dead, 33 missing
- Italy offers road hauliers a carrot
- Pecorini endorses Tirrenia sale
|
 | web site |
| FEBRUARY 17, 2006 |
- DP World-P&O controversey intensifies
A growing number of legislators oppose the deal, including Robert Menendez and Hillary Clinton, who say they will propose a bill to block it.
- 2006 starts strong for LA-Long Beach
- Albany barge service to shut down
- Panama Canal hikes tug, other fees
- Motorola withdraws from e-seals
- Crowley orders two heavy-lift barges
- UPS pushes China, Asia growth
- India gets rush of applicants to run intermodal trains
- Deutsche Post to sell courier unit
- Sinotrans adds Manila service
- CMA CGM adds Long Beach call to S. America service
- Container volumes rise at Boston
|
 | web site |
| FEBRUARY 17, 2006 |
- US political storm tries to re-heat arguments over DPW deal
A sudden political storm – over DP World’s acquisition of P&O Ports assets in the US – has caught the industry somewhat by surprise, after the acquisition was celebrated this week.
- Firing at each other, more court cases filed by Toll and Patrick
- Private operators’ entry will reduce Indian box rail-rates
- New services calling at Xiamen
|
 | web site |
| FEBRUARY 17, 2006 |
- US notices Dubai deal
Politicians are threatening to ban foreign state control of US terminals after noticing that DP World is buying six US terminals.
- ‘More protectionism, please!’
Shipowner Halim Mazmin says Malaysia is not being tough enough on keeping out foreign-flag tonnage.
- Third strike at Alang
A major fire on a cruiseship scrap candidate has injured nine labourers at a sensitive time for subcontinental shipbreakers.
- SFI mulls new listing
Disappointing share liquidity may lead to Frontline shipowning spin off seeking further stock exchange quotation.
- Greeks islands cut off
More travel disruption as Panhellenic Seamen’s Federation extends ferry strike.
- Accountant at the helm
Helen Deeble to steer P&O Ferries into new era of Arab ownership.
- Meiji makes a bundle
Japanese tanker, bulker and car carrier owner continues strong profit run this year.
- Philly hits order trail
Search for newbuilding deals to keep US shipyard in work after delivery of last OSG tanker gets underway.
- Frontline falls from peak
No repeat of billion-dollar profit for John Fredriksen controlled tanker giant in 2005, as markets weakened.
- Restis snatches bulkers
Greek group buys Eolos ships after Vafias deal failed.
- Ow–ch!
Loss of income after ship sales slashes third quarter profits at Ow Chio Kiat's Singapore Shipping Corp.
- Sasebo upbeat
Japanese shipbuilder’s nine-month profit dips slightly, but it expects to be ahead by year-end.
- Quintana fixes panamax pair
New York-listed Greek bulker player finds short-term employment for Coal Glory and Coal Pride.
- Cory swallows Gorman agency
Braemar Seascope-owned ship agent buys smaller tanker operation to further expand business.
- Crew missing after ship sinks
Rescuers searching for 37 men as Panamanian flagged vessel strikes reef near Fujian in China.
- Celebrity makes it a pair
Royal Caribbean subsidiary returns to Meyer Werft for second post-panamax Solstice ship.
|
 | web site |
| FEBRUARY 17, 2006 |
- Weyerhaeuser unit starts service between Long Beach and Canada
- MSC adds Naples, switches first inbound Australian port
- Sinotrans calls at Manila
- Crowley Maritime names Brickman VP
- Qantas' profits down 9.6%, more job cuts loom
- Shippers applaud Senate's passage of anti-counterfeit bill
- China trade experts disagree on customs environment
- Self-disclosure of customs violations unheard of in China, panel says
- NOL to list joint venture on Hong Kong stock exchange
- Eaton Corp. picks Penske as LLP in Europe
- Schenker, StarTrans to start joint venture
- Phoenix International bolsters corporate roster
- Congress tries to put brakes on DP World port sale
- Port of Boston's box volume up 7.7% in 2005
- Fraser River Port's box volume up 17%
- Port of Tampa to host Bush
- Ports of Indiana tonnage up 2% in 2005
|
 | web site |
| FEBRUARY 17, 2006 |
- Bangladesh bans "Norway"
Just a day after the French former aircraft carrier "Clemenceau" was stopped from being scrapped in India, the Government in ...
- Norway need better tug contingency
The whole of Norway’s coastline must be covered by a tug contingency, not only the two northermost counties Troms and ...
- Increased efficiency in Swedish SAR helicopter service
The re-organisation of the Swedish SAR helicopter service from military hands to a civilian organisation leads to significant effenciency ...
|
 | web site |
| FEBRUARY 17, 2006 |
- Pacific Northwest barges enjoy sunny skies
Delivery schedules and bunker sales returning to normal in Portland as weather finally improves after weeks of weather disruption.
- Los Angeles to expand vessel speed restrictions
Port authority considering widening the coverage of its vessel speed reduction plan to 40 nm from port.
- IBIA responds to INTERTANKO's Poseidon Challenge
INTERTANKO expects widespread participation at its Poseidon Challenge sessions during its Singapore Tanker Event in March.
- Wreck examined for possible bunker threat
Inspection underway to determine if and how bunkers onboard sunken tanker should be removed.
- Bunkering potential target for blank-check IPO team
Colourful management team offers vague prospectus as they seek to raise $172.5 million for investments.
- Rotterdam numbers slip from opening levels
- OPEC reports rise in global oil demand
OPEC expects global demand for crude to rise by close to 2% in 2006.
- Record profit for shipping firm despite higher bunker costs
Thailand's Precious Shipping announced record 2005 profit although increasing bunker costs resulted in higher operating expenses.
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
