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| OCTOBER 20, 2006 |
Shipping News
- Maritime forum agrees to tighter green rules
A raft of new, tighter environmental regulations inched closer to reality following the annual meeting of the International Maritime Organisation's environment committee, including an increasing focus on shipping's contribution to global warming.
- UK's Bristol Port to spend £450m on container terminal
THE Bristol Port Co plans to spend about £450 million on a container terminal, a departure for the UK port that has relied on cargo such as cars and coal to expand over the past two decades.
- Shanghai Port Container shares to stop trading
SHARES of Shanghai Port Container Co, a listed unit of the operator of China's busiest port, will stop trading today as the company's parent seeks its own listing.
- Int'l Container gets US$120m loan
- Explosion aboard tanker
Admiralty Casebook
- Accident involving boat on land not covered by maritime law
THE Supreme Court of Canada has overturned the decisions of two of the country's lower courts and ruled that a personal injury claim involving a pleasure craft accident on land was not a maritime matter.
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| OCTOBER 20, 2006 |
- Grand Alliance to add ninth ship to EU2 service
- Kerry Logistics makes moves in India, Europe
- 'K' Line to relocate to larger Yokohama terminal
- Ecu-Line to offer Antwerp-Xingang service
- NOL YTD revenue per FEU falls 6pc
- Singapore box initiative could save industry millions
- Air New Zealand to fly HK-London route
- Kargo Sistem finds new Istanbul airport base after fire
- TIACA's 2007 AGM to be held at Cologne Bonn Airport
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| OCTOBER 20, 2006 |
- Indian exporters need to take advantage of and bolster trade with Maldives
- GSPC scouts for LNG terminal, JV partner
- Coir products exports rise by 7.33 pc in H1
- 10 lakh t. sugar export likely to be allowed
- Maya Sinha assumes charge as JNPT Dy Chairperson
- A. Majumdar takes over as Deputy Chairman of KoPT
- DP World to rebrand P&O Ports
- Haldia Dock Complex emerges prime port for iron ore exports to China
- Rlys freight revenue up by 15.85 pc in H1
- Small & medium towns seen having potential to propel economic growth
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| OCTOBER 19, 2006 |
- Intertanko puts forward distillate-only bunker plan
- ICTSI’s US$120m "war chest"
- UK to take 4 or 5 years to ratify ILO super convention
- MEPC designates Southern South Africa Special Area
- Back wages "paid" in ITF’s Baltic campaign
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| OCTOBER 19, 2006 |
- Polish authorities pursue fleeing floating shop ship
- Seabourn Cruises orders newbuilds at Mariotti
- Tax change boosts Horizon Lines earnings
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| OCTOBER 19, 2006 |
- Port of Everett Commission Oks first phase of wharf project
- American Public Works Association presents award to Port of Portland
- Customs planning trade symposium for December 13/15 in Washington, DC
- Propeller Club taps Veitch as Maritime Person of the Year
- Tribes working together to form logistics company
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| OCTOBER 20, 2006 |
- Asia-Europe lines cut speed to save fuel and soak up overcapacity
FRANCE’S CMA CGM and the Grand Alliance have each taken action to save fuel and improve punctuality by adding ships to two Asia-Europe services.
- Container freight rates may be pulling out of their decline
BOX lines operating Asia-Europe services may have seen the end of the decline in freight rates on the trade, according to a respected transport analyst.
- Seabourn splashes out $500m in double T Mariotti order
LUXURY cruise brand Seabourn Cruise Line has ordered two new vessels for delivery in 2009 and 2010 from Genoese shipyard T Mariotti.
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| OCTOBER 19, 2006 |
- Alliance adds ship to meet transit times
HAMBURG 19 October – Container carriers in the Grand Alliance are to add a ninth vessel to their Asia-North Europe EU2 loop as of early 2007 in an attempt to raise service quality and customer satisfaction
- Germany Russia boost maritime links
BERLIN and Moscow have pledged to expand maritime trade between their two countries and to lend full support to companies willing to shift from road to sea
- CalMac prompts ferry suspicions
SCOTTISH ferry operator Caledonian MacBrayne has published a new service timetable with effect from March 2007 which does not include the Dunoon-Gourock route
- QE2 arrest over cigarette haul
A crew member of the cruise ship Queen Elizabeth 2 has been arrested after 765,000 cigarettes were seized on board the ship
- Adsteam offer extended to Jan 07
SVITZERWIJSMULLER, the AP Moller-Maersk towage subsidiary, has extended its offer to shareholders of Australia-based Adsteam for a second time
- NYK Shipmanagement MD Atre retires
SHIPPING veteran Aswin Kumar Atre has retired as MD of NYK Shipmanagement with Hemant Pathania, formerly of Barber Shipmanagement, taking over the position
- Berlian Laju files Singapore IPO
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| OCTOBER 19, 2006 |
- Grand Alliance adds Asia-N. Europe ship
OOCL (left), MISC, Hapag-Lloyd and NYK Line expand EU2 service with addition of ninth vessel to improve schedule reliability.
- Carriers plead anti-trust case at Shipping Act hearing
- Referendum on Panama Canal expansion set for Oct. 22
- UPS net tops $1B
- Canadian National boosts outlook
- Horizon Lines boosts outlook on tax change
- Maersk extends Adsteam offer
- Union Pacific net up 14%
- Comment period on dual-use export rules extended
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| OCTOBER 19, 2006 |
- Grand Alliance slows Asia/Europe ships to cut costs as low rates hit returns
Grand Alliance lines announced today that they will reduce costs by increasing the number of ships in some Asia/Europe strings to nine by adding newbuildings to existing services.
- Estonian Railways talks close, putting company back on state lines
- Carrier consolidation better for shareholders says Citigroup
- SvitzerWijsmuller extends its Adsteam offer deadline to January
- Independent ICTSI gains $120m for "war chest"
- Yang Ming newbuilds to boost Asia-Europe
- Tonnage tax and increasing foreign trade to cut Horizon Lines taxes
- Ground broken on Mobile terminal
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| OCTOBER 19, 2006 |
- Concordia keeps improving
Swedish tanker owner boosts nine-month profit in better VLCC and products carrier markets.
- Shell extends Frontline charter
Oil major agrees to extend VLCC charter for three years at a firm $53,000 per day.
- China Shipping back in black
First quarterly profit this year brought about by increased demand for raw materials and oil.
- Trafigura in Jamaica row
Oil trader in slops scandal faces chop from Nigerian oil contract despite giving $470,000 to Caribbean island’s ruling party.
- PDVSA confirms new yard deal
Venezuelan oil company to use Brazilian company Andrade Gutierrez to build new shipyard.
- Maersk extends offer
Danish giant’s SvitzerWijsmuller unit needs more time to complete takeover of Australian tug group Adsteam.
- Crew conditions deteriorate
Seminar on seafarer welfare hears it may be years before legal changes can help improve life at sea.
- Seabourn signs for duo
Carnival Corp unit heads to Italy for two new cruiseships to more than double capacity.
- Teekay edges closer
Vancouver-based giant increases stake in FPSO player Petrojarl to above 60% as mandatory offer closes.
- NYK orders training ships
Japanese owner invests in LNG training with order for training unit and three container vessels at Hyundai Heavy.
- BLT listing may raise $150m
Major shareholder in Indonesian shipowner looking to offload 576m shares to investors.
- Horizon saves tons on tax
US owner predicts annual benefit of $42.6m in 2006 with switch to tonnage tax system.
- Another slice for Fredriksen
Tanker owner buys more of Norwegian supply ship operator Deep Sea Supply.
- CMA CGM invests in Busan
French boxship owner forms consortium to develop new $530m Korean port.
- Havila sells eight
Norwegian owner offloads UK rescue ship fleet to Irish newcomer Ocean Mainport.
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| OCTOBER 19, 2006 |
- Commission frowns on liner carrier antitrust immunity
- Grand Alliance to add 9th ship to EU2 to stay on schedule
- Hyundai joining U.S. East Coast/East Coast South America trade
- Horizon Lines ups earnings guidance after adopting tonnage tax
- NYK to build four training vessels
- UPS gains on international package, supply chain loses money
- Continental posts $237 million 3rd quarter profit
- Leasing company to buy new Boeing freighter
- FedEx pilots ratify labor deal
- Envirotainer names Persson CEO
- IES partners with TRAXON for air freight messaging
- Union Pacific posts record quarterly results
- CSX doubles 3rd-quarter profit
- Wileman to lead GE's rail services unit
- U.S. provides $91 million in food aid for Sudan and eastern Chad
- Diageo opens logistics hub in Singapore
- Davies Turner to increase capacity to Romania, Bulgaria
- "K" Line to move to 50% bigger Yokohama terminal
- ICTSI gets $120 million credit for expansion
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| OCTOBER 19, 2006 |
- ABB secures Azimuth orders
ABB has secured orders for Azipod propulsion systems to 11 newbuildings. Sex of these, two shuttle tankers built by Admirality ...
- Concordia maintains forecasts
Concordia Maritime has during the first nine months had a net turnover of SEK 256.4 million (EUR 28 million) and ...
- Havila sells it’s UK rescue fleet
Havila Shipping sells Havila Rescue UK with eight vessels to Ocean Mainport in Ireland for NOK 348 million. The company ...
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| OCTOBER 19, 2006 |
- Ships added to Asia-Europe services to save fuel costs
Grand Alliance and CMA CGM cutting delays and allowing vessels to slow down to reduce bunker bills.
- Panama to table bunker market reforms
Bunker cluster industry group considering consultant's report.
- Physical supplier close to Gibraltar start-up
Bunkers (Gibraltar) Ltd will be first to offer 500 cst product in Gibraltar hub.
- Fujairah fuel oil futures contract ready for launch in less than two weeks
Dubai Gold and Commodities Exchange looking to win energy sector's support.
- ARA market stable Thursday morning
- Singapore: Stocks of residual fuels, middle distillates down
- INTERTANKO proposes revisions on Annex VI
Association hoping to achieve positive and long-term air emissions reductions.
- OPEC supplies to fall, global oil demand to rise
OPEC supplies to fall this year despite a rise in global oil demand, an official US forecast said.
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