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| FEBRUARY 21, 2006 |
Shipping News
- US ports deal given stringent check: govt
THE proposed deal for state controlled Dubai Ports World to take control of six major US ports was only approved after security safeguards were included, a top US administration official said on Sunday.
- French group eyes hub port project in Batam
THE Indonesian government is studying a proposal from French giant shipping and port management CMA-CGM Group for setting up an international hub port in Batam.
- Cosco Container seeks US$466m loan for vessels
COSCO Container Lines Co Ltd, the biggest container shipping company in China, is seeking US$466 million to buy eight vessels, a banker who is involved in the deal said.
- Frontline Q4 profit dives as shipping rates slide
- UPS uses China facilities as clients' inventory space
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| FEBRUARY 21, 2006 |
- Wan Hai Lines to offer HK-Japan service
- DP World acquisition of P&O faces opposition from US lawmakers
- Zim looks forward to a bright 2006, calls for 90 percent vessel utilisation
- HMM suffers net income decline in 2005
- Chengdu to build Asia's largest railway container station
- Massport box volume rises 8pc in 2005
- UPS to buy more green vehicles
- HK given nod by Beijing to buy Zhuhai airport stake
- Air Canada to launch all-cargo services soon
- Malaysian airport upgrades to commence in March
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| FEBRUARY 21, 2006 |
- MOL starts new Vietnam service
- Safmarine enhances reefer technology
- WTSA to raise rates
- NOL Group’s JV CMA Logistics seeking Hong Kong listing
- NOL Group extends presence in Russian Far East
- Kalmar launches world’s 1st intelligent terminal tractor
- Shipping Trade practices Act still a dot on the horizon
- Miami firm takes exception to P&O takeover, moves court
- DP World to borrow $ 6.5 bn to acquire P&O
- Exporters allowed to remit licence fee through DDs till March 31
- Lanka wants bilateral trade issues resolved on priority basis
- 2-wheeler exports zoom by 48 pc
- EU official seeks greater market access to non-farm goods
- Garment exports racing towards $ 15-bn mark by 2010, says study
- Long-term insurance to compensate well-established exporters for accidental losses of cargo soon
- UK keen on enhancing trade ties with India
- CoPT making attempt to upgrade IT system
- MCHAA meet suggests measures to lure more hinterland cargo to New Mangalore Port
- NMPT reports highest single-day iron ore handling record
- Customs to implement RMS at JNP this week
- Private container terminal operators seek better deal
- Wagon tracking to go hi-tech
- Rlys halves penalty for coal overloading
- Industries hit by supply shortages & higher road freight rates
- Global container freight rates projected to dip
- Forex reserves up by $ 452 million to $ 1,40,429 million
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| FEBRUARY 20, 2006 |
- New Canadian transport minister
- AllCargo Global Logistics increases stake in Ecuhold
- Singapore Airlines launching Dubai-Moscow flights
- No smoking in Belgian lorries
- Schenker and StarTrans form joint venture
- US Congress warned that EU open skies could come off table
- RFID on advance at Fiege
- Asian Aerospace 2006, Singapore, 21 to 26 February
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| FEBRUARY 20, 2006 |
- Cunard releases Queen Victoria details
- Aker Yards books PSV order
- Shore power door for Norwegian Star
- Warner move signals end of line for carrier
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| FEBRUARY 20, 2006 |
- Singapore budget boosts shipping
- P&O sale causes outbursts in the US
- US LNG import volumes down
- Strong Q4 for Farstad
- IUMI to focus on cutting claims
- Strike Club reports "strong renewals"
- Nigerian rebels threaten tankers
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| FEBRUARY 21, 2006 |
- Cargoship makes extra port call to avoid US security ban
A SMALL British-registered ship was refused entry into the US last week on security grounds, an incident that has exposed gaps in the practical workings of global maritime security rules.
- First legal shot fired in backlash against DP World’s P&O takeover
THE controversy in the US over Dubai Ports World’s takeover of P&O escalated yesterday, with a Miami stevedore filing the first official legal challenge.
- Skuld grows by 11.5% as Standard shrinks in P&I renewals shake-up
AT LEAST two of the most significant mutuals offering shipowner protection and indemnity cover have emerged with a marked change in size, as a result of tough renewals bargaining.
- World oil prices soar as Nigeria rebels strike
OIL PRICES soared and Nigerian offshore workers went on high alert after militants attacked oil facilities and took nine people hostage.
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| FEBRUARY 20, 2006 |
- Rumours talk of P&O Ferries interest
STRONG market speculation circulating in London suggests that DP World, which is expected to complete its takeover of P&O on 2 March, has received a number of unsolicited approaches concerning the purchase of the P&O Ferries business
- Tanker runs aground in Chiba
NO injuries or spill have been reported following the grounding of the Panama flagged chemical tanker Yeosu Pioneer near the Japanese port of Chiba this morning
- PSA divests Dalian IT arm
AS part of its divestment of non-core assets, Singapore container terminal operator PSA has given up control of its IT subsidiary in Dalian, China
- Private owners end Tirrenia strike
TEN of the 13 ferry operators taking industrial action in protest against the state subsidies granted to Italian operator Tirrenia have resumed services
- PDVSA to stop filing with SEC
VENEZUELA'S energy minister Rafael Ramírez says Petróleos de Venezuela is to stop filing annual reports with the US Securities and Exchange Commission
- Arbitrators find for Ecuador over EnCana
ECUADOR has won a $75M tax dispute over Canadian oil firm EnCana in an arbitration case
- P&O's Miami partner files lawsuit
- Ruling bolsters Jones Act
- Weyerhaeuser's Westwood expands
- Falling rates to hit Maersk Line
- DFDS, Suardiaz launch joint venture
- Philippines rejects new training course
- Shortage of senior officers worsens
- Further incentives from Singapore
- Crew still missing after sinking
- Panama Canal charges hiked
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| FEBRUARY 20, 2006 |
- Security expert ‘amused’ by US ports furore
As the temperature in the US rises over the proposed acquisition of P&O Group by the Dubai company DP World at least one expert dismissed fears over the sale.
- SAL seeks delay of Sydney evacuation
Shipowner body Shipping Australia Ltd is seeking a postponement of government’s plans to shift most commercial traffic out of Sydney Harbour.
- Karla Peijs calls for customs focus on intermodal transport
- Jakarta completes list of designated deepsea ports
- Hong Kong offers 50% discounts on annual tonnage charges
- Danube specialist: Constantza to be Central Europe gateway
- CMA CGM to relaunch Australia's agency
- ANL to launch US-Australasia direct service
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| FEBRUARY 20, 2006 |
- Charter happy
OMI works out up to eight products charters, also likely to continue with shares buyback programme.
- Fleets move as P&I renews
The Baltic Sea is safe for navigation for a new season as clubs ring in a new year.
- Masterbulk makes it a double
Singapore owner signs for bulker newbuildings at Oshima and Sumitomo in Japan.
- Sovcomflot sues ex-boss
Top Russian shipowner takes $321m legal action against former chief Dmitry Skarga and others over alleged chartering play.
- Transatlantic buys space
Swedish ro-ro owner strikes deal with paper producer for cargo transport on three new ships, while clearing out older vessels.
- Evergreen eyes rich pickings
Taiwanese container shipping group expecting 10% jump in revenues this year.
- Militants threaten tankers
Suezmaxes trading out of Nigeria could be targeted in escalation of militant attacks against oil producers.
- ILO deal done
Agreement reached on new global maritime labour convention pending formal vote in Geneva.
- Two crew rescued off China
Rest of 37-strong crew from sunken Panamanian-flagged reefer presumed dead.
- Greek strike misery continues
Action by seamen’s group hitting exporters after ferries stopped for two more days.
- No joke for Panama
Canal authority to raise tug and line-handling fees from 1 April.
- Explorer out of action
Stena ferry could be out of action for two weeks after mystery object holes vessel below waterline.
- Daewoo inks Vela VLCCs
South Korean shipbuilder finally puts pen to paper on order for six VLCCs with Saudi owner.
- Coscon chases loan
Chinese box line working with banking consortium to fund eight newbuildings.
- Singapore budget aids shipping
Prime Minster Lee Hsien Loong unveils further tax breaks and incentives in 2006 budget.
- Mosvold back at Samsung
Norwegian drilling rig firm returns to South Korean shipbuilder for second deepwater unit.
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| FEBRUARY 20, 2006 |
- U.S. signs maritime safety treaties
- Rocket attacks threatened against tankers in Nigerian waters
- Kirby raises stake in Osprey Line
- TNT to delist from London, Frankfurt stock exchanges
- U.S., Cameroon open aviation service
- STB approves DM&E's track construction in Powder River Basin
- UPS orders 50 hybrid electric delivery trucks
- U.S. investigation into Japanese beef export debacle spreads blame
- Bush promotes future U.S.-Colombia free trade agreement
- USTR rewards Philippines for improved IPR protections
- Tabor joins ICSC board
- Chertoff defends DP World port sale as criticism mounts
- Zim boosts Portland's fortunes
- Port of Oakland dredge project hits a snag
- Hong Kong's January throughput up 1.1%
- Los Angeles-Long Beach volume up 9% in January
- Marseilles-Fos' box volume up 4% in January
- Panama Canal Authority to raise tug, line handling services rates
- ESPO to host public debate on European ports policy
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| FEBRUARY 20, 2006 |
- Transatlantic to sell four vessels
Transatlantic has sold the 14,900-DWT bulk carrier "Toftön" and the 14,240-DWT forest product carrier "Margit Gorthon" to foreign ...
- Langh Ship orders container duo
Finnish Lang Ship in Pikis has ordered two container carriers from J.J. Sietas in Hamburg for deliveries in February and ...
- Crew officers evacuated from bulk carrier
The police in Fredericia used a pilot boat in an action to evacuate the Greek officers from the strike bound ...
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| FEBRUARY 20, 2006 |
- Quality warning for low-sulphur fuels
Fuel tester predicting 'surprises' as blending to achieve low sulphur levels could affect fuel quality.
- Panama commissions bunker report
Bunker cluster tendering for report on Panama's infrastructure and competitiveness compared to other ports.
- Rotterdam notches up new bunker record, lubricants stable
Europe's leading port confirms record-breaking bunkering volumes for 2005, but growth has slowed from previous years.
- Bunker Holdings bids bunker manager farewell
- Russian executive urges rethink of refinery plans
Plans to build huge export refineries ill-advised, crude exports more desirable, says oil boss.
- Singapore reveals tax incentives to attract global shipowners
Government announcing new incentives and tax incentives starting next month.
- China holds bunker potential despite market monopoly
GAC Shanghai manager identifies seven ports for expansion.
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