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| JULY 21, 2006 |
Shipping News
- China will need 40-50 supertankers by 2012
CHINA's growing demand for oil will require Chinese shippers to build between 40 and 50 supertankers over the next five to six years, the head of Norwegian classification society Det Norske Veritas said yesterday.
- PSA bids for Panama Canal project: report
PSA International is among five major container terminal operators who have submitted preliminary bids to build and operate a US$900 million container terminal project at the western entrance to the Panama Canal, according to Panamanian officials.
- Sri Lanka port still not back to normal
A court ruling against a labour dispute at Sri Lanka's main port has failed to end the protest that has racked up huge losses for shippers, officials said yesterday.
Admiralty Casebook
- Court jurisdiction depends on ship owner's connection to forum state
THE jurisdiction of a US district court over a foreign ship owner does not turn on the nationality of its head charterer.
Port Shots
- Port Shots
SAILORS on UK-controlled merchant ships will be offered double pay to go to Lebanon and the Israeli city of Haifa, Lloyd's List said, without saying where it got the information.
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| JULY 21, 2006 |
- CSAV Norasia launches China-India service
- Cosco Pacific restructures investment
- Background checks for Canadian port workers coming
- Emergency surcharge on Luanda-bound freight to be imposed
- Ports of Olympia, Tacoma to form strategic partnership
- BAX named transport provider for Marshall Aerospace
- Eva Air gets nod for investment in mainland cargo carrier
- HK's newest airline appoints Jardine as ground handler
- Thai Airways carries more cargo in Sri Lanka, Maldives
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| JULY 20, 2006 |
- VLCC newbuilding for MOL-Sinotrans
- "Concern" over lightning incident
- RINA enters training certification market
- Brussels’ green light for Lithuanian tonnage tax
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| JULY 20, 2006 |
- U.S. Shipping in $1 billion newbuilding venture at NASSCO
- Lehman to buy Atlantic Marine
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| JULY 20, 2006 |
- New ConnectOregon program buying crane for Port of Portland
- Sea Containers closes sale of Baltic ferry subsidiary company
- Judge closes fishmeal facility for causing foul odors
- Hoffman Construction awarded additional Port of Everett work
- Roundtable meeting to discuss airshow accident near Hillsboro Airport
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| JULY 21, 2006 |
- Nine-ship order floats new Jones Act venture
A NINE-ship order worth $1bn has given the Jones Act product tanker newbuilding market its first dose of competition.
- Atlantic Marine is bought by JF Lehman for $170m
ATLANTIC Marine, the privately held US shipbuilding and shiprepair group, has been sold to JF Lehman & Company, a private equity firm controlled by the eponymous former Navy Secretary in the Reagan administration in the 1980s, writes Rajesh Joshi in New York.
- Growing US demand puts $100-plus oil in sight
NEW York traders are taking hedge options to protect against $100 oil as Middle East tensions put more pressure on oil markets.
- MC Shipping draws up LPG shortlist
A SHORTLIST of three shipmanagers has been drawn up by MC Shipping to take on nine of its liquefied petroleum gas carriers which are leaving the V.Ships fold in a surprise split between the two long-time affiliates.
- Crown Princess black box probe
A TEAM from the US National Transportation Safety Board is to examine the data recorder of Princess Cruises’ Crown Princess to establish the cause of Tuesday’s steering incident, writes Sandra Speares.
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| JULY 20, 2006 |
- Australian anger over Beirut charter
AUSTRALIAN foreign minister Alexander Downer has been left embarrassed and hundreds of Australian citizens left angry on the quayside in Beirut after a Louis Cruise vessel Canberra thought had been chartered was taken by the Canadians with a higher bid
- No double booking, says Louis
LOUIS Cruise Lines has clarified that neither the Australian Embassy in Nicosia nor brokers acting on the Australian government's behalf confirmed the Serenade charter
- Nordeuropa discharge questioned
RHODE Island governor Donald Carcieri is publicly questioning why the tanker Nordeuropa was unloading during a violent lightning storm
- Knutsen to buy into Sestao owner
NORWEGIAN owner Knutsen is to take an 8% stake in Construcciones Navales del Norte, the new owner of shipbuilder La Naval de Sestao
- Tropical Storm Beryl heads north
TROPICAL Storm Beryl has strengthened over the past 24 hours and will pass through shipping lanes serving Northeast US ports during the coming days
- US accelerates Lebanon evacuation
THE US continues to add new commercial vessel capacity to its Lebanon evacuation force, adding the chartered ro-pax ferry Rahmah to the cruise vessel Orient Queen
- V.Ships terminates MC contract
- Numast warns of standards decline
- Foss expands onto US East Coast
- USS eyes Jones Act big league
- Ezra sells, leases nine vessels
- Boxship flees from justice
- SeaFrance in the red last year
- Moller wins Adsteam bid approval
- BC Ferries dive retrieves data units
- Princess cruise injuries now 240
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| JULY 20, 2006 |
- Union Pacific revenues soar in second quarter, sees peak season 'challenge'
Largest U.S. railroad to implement interrmodal plan in August, hoping to avoid repeat of congestion that backed up boxes in 2005.
- ILA scanner plan could slow container handling
- Senate panel votes $30 million for Title XI
- Intermodal climbs 17% for Canadian National
- Senate funds new Mississippi locks in waterways bill
- Drawback reform proposed
- House opposition to Oman trade deal
- Wallenius to ship Subarus through Baltimore
- New container berth planned for Vancouver terminal
- Maersk halts Lebanon cargo
- CSX sets revenue record
- Houston air cargo gains
- Sara Lee opens West Coast distribution center
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| JULY 20, 2006 |
- War zone terminals keep gates open
Lebanon’s Beirut and Israel’s Haifa have continued land-side operations despite the military conflict, while Beirut’s terminal even reports enjoying a certain protection thanks to Royal Navy ships on evacuation manoeuvres.
- Expect more box lessor consolidation says Textainer
Textainer, a US subsidiary of South African company Trencor has become the world's largest container-leasing business through an agreement reached with Gateway Management Services.
- Hutchison denies Indian security rejection
- BALtrans eyes more European investment
- MOL's grant plan in Vietnam
- US rail: we'll cope with peak season, but not without investment
- Multimodal state fund to raise fourth post-panamax crane in Portland
- BNP handles 44,936TEU in H1
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| JULY 20, 2006 |
- USS faces possible ratings cut
Massive product tanker order at Nassco could cost New Jersey firm its Ba3 credit rating.
- Ezra sells and charters back
Singapore owner to pocket cash for nine anchor-handlers, while retaining them in its fleet.
- Crews get war bonus
Employers and ITF agree waters off Lebanon and Haifa warrant war bonus for crews.
- NPP slammed again
MAIB finds operators of Newhaven port still lacking after grounding of ferry Dieppe in 2005.
- MC keeps this relationship
LPG owner ups amount borrowed from longterm lender Scotia bank.
- V.Ships Cyprus in MC split
Technical management contracts for nine MC Shipping LPG vessels terminated “by mutual agreement”.
- Odfjell in dock again
US detentions in June feature repeat offenders Odfjell and Crescent plus V.Ships tanker, Restis bulker and more OWS problems.
- Fesco upgrades
Russian owner adds capacity to multipurpose ship in China, with another vessel slated for similar work.
- Repair trio for Western India
Indian shipyard wins INR 70m deal to work on three vessels including an aframax tanker.
- MOL to open in Vietnam
Japanese boxship giant sets up wholly owned agency in Ho Chi Minh City after winning government clearance.
- Tax setback for Heung-A
Exemption claim by Korean shipowner thrown out by Philippines court.
- Sea Containers a 'buy'?
Rare vote of confidence for struggling transport group as New York analyst says bonds are a bargain.
- Fred Olsen makes more
Norwegian shipowner’s holding companies Bonheur and Ganger Rolf up first half profit as drillships, FPSOs and cruiseships improve.
- Jutha teams with Nordana
Thai and Danish shipowners form joint venture targeting trans-Pacific general dry cargoes.
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| JULY 20, 2006 |
- Salvage efforts continue on Safmarine ship
- MOL to establish wholly owned Vietnam agency, only second ever allowed
- Sea Containers completes $585 million Silja sale
- OOCL names 10th 8,063-TEU ship
- COSCO streamlining investment in container company
- Evergreen’s Chang recognized for services to U.K. shipping
- GT Nexus reports 150% climb in TEUs managed through portal
- Second quarter profits soar at American, Continental
- Southwest loosens weight restrictions for cargo
- Trucking helps Con-way achieve second quarter profit increase
- U.K. survey questions logistics consolidation benefits
- BAX Global wins contracts from two U.K. aerospace firms
- Schenker opens German warehouse
- Famous Pacific Shipping selects Austromar as Central Europe agent
- Oregon funding plan gives millions for Portland container crane
- Busan vessel calls up 45% from 2002
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| JULY 20, 2006 |
- Still no sign of a Swedish tonnage tax
In an answer to a question put forward by a Swedish MP whether or not the Government will present a ...
- EU gives green light for Lithuanian tonnage tax
The EU Commission has approved the introduction of a tonnage tax regime in Lithuania. The system will run from January ...
- Bid for Scandlines in August
According to media sources in Denmark, 13 potential buyers had entered the bidding for Danish/German Scandlines at the deadline ...
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| JULY 20, 2006 |
- Big bunker bucks bother box liners
Container ship alliance bemoans inflexible contracts that make it hard to compensate for soaring fuel costs.
- Product drought spreads to Cape Town
South African bunker market malaise widens as ships diverted from Durban suck Cape Town dry.
- ARA market still weak Thursday morning
- Singapore: Stocks of residual fuels at 18-week high
- OPEC unsettled by high oil prices
OPEC fears record high oil prices is hurting the world economy.
- Japanese refiner reveals August fuel oil export volume
Supplies into Japan's bonded bunker market expected to shrink towards end of July.
- Singapore supplier aims for higher bunkering volumes
Two double-hulled barges expected to be operational within this year.
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