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| JUNE 22, 2006 |
Shipping News
- PSA sets indicative yield for US$1b bond issue: source
PSA International, operator of the world's busiest container port, has set an indicative yield range for its global bond issue, which is expected to be US$1 billion in size.
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| JUNE 22, 2006 |
- CMA CGM, China Shipping to launch joint Asia-Europe service
- Railway development to drive economic growth in YRD region
- ELAA to submit `reproposal' on conference system replacement to the EC soon
- China-Kazakhstan roads to open soon
- Quanzhou builds Mainland-Taiwan agricultural produce trading market
- Changi cargo throughput up 6.5pc in May
- SilkAir ups frequency of Singapore-China services
- Lufthansa Cargo introduces road feeder services
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| JUNE 22, 2006 |
- INSA takes service tax issue to court
- Overwhelming attendance of freight forwarders recorded at 3rd Sino Int’l Conference in Guangzhou
- GE Shipping takes delivery of newly-built PSV
- Emirates Shipping Line to join OOCL’s MAX service in July
- A.P. Moller-Maersk to triple tanker fleet
- 8 cos submit tenders for wheat import
- India corners 35 pc of global carpet market
- Exports from SEZs register 25.8 pc growth rate during 2001-05
- TAMP’s order on IGTPL levies upsets shipping lines
- CoPT forms panel to work out box transport charges
- CCT operations partially hit by ‘strike’, avers trade
- Haldia Dock offered mobile cranes on lease
- Petrapole to come under Land Customs Port Authority
- Service tax sops in SEZs only for actual exports, clarifies Finance Ministry
- Hyderabad gems SEZ gets clearance
- Fieo showcasing traditional items at Vienna expo this week
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| JUNE 21, 2006 |
- ECIC raises fuel rates
- US Lines expands NZ-Australia services
- Explosion on Frontline tanker
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| JUNE 21, 2006 |
- Stolt-Nielsen denied rehearing
- NASSCO delivers T-AKE 1
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| JUNE 21, 2006 |
- FMC Chairman Blust announces plans to step down
- US signs security pact with government of Jamaica
- Ambassadors International combines cruise vessels under one name
- Port of Everett earns ninth straight positive audit
- MarAd gives Ok for sale of three vessels
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| JUNE 22, 2006 |
- South Korean yards to raise prices again
SOUTH Korean shipbuilders are prepared to impose further incremental ship price rises as cover against a still appreciating won.
- Transpetro signs Brazil orders worth $1.27bn
TRANSPETRO has concluded orders for 16 tankers, the first to be built in Brazilian shipyards for more than 10 years.
- Asian alliance to fight pirates goes ahead despite dissenters
AN ASIAN regional anti-piracy agreement, including an information-sharing centre in Singapore, will come into force in September despite an absence of support from Malaysia and Indonesia.
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| JUNE 21, 2006 |
- COSCO Pacific cuts box stockpile
COSCO Pacific has sold a significant chunk of its container stockpile, but has no plans to reduce its container leasing business
- Crew saved from sinking ship
All 18 Indian crew from distressed vessel Kaniya were saved off the coast of Somalia this morning by Jo Tanker’s Jo Betula
- IMAREX buys energy research firm
IMAREX, the Norway-based electronic marketplace for freight derivatives, says it will acquire NENA, an energy and CO2 emissions research firm
- BC Ferries probe retrieves equipment
A team operating an unmanned submersible vehicle to probe the bridge of the BC Ferries vessel Queen of the North has been able to retrieve the ferry’s GPS and AIS systems
- Bunker supplier Chemoil expands
- Brazil shock as Atlantico rejected
- Transpetro places 16 orders
- Migrant Watch: US/Caribbean
- Marina flags up registry policy
- Launch leaves vessel high and dry
- Portsmouth in freight ferry talks
- Towage protestor on hunger strike
- US judge rejects Stolt appeal
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| JUNE 21, 2006 |
- Vancouver volume up 20% to lead Pacific Northwest
- FedEx profit gains 27%
- Lines ready revised plan to share information
- Bush says U.S. committed to WTO trade deal
- Business backs UN anti-corruption effort
- Matson upgrades FSM calls with Guam service
- Edmonds re-appointed to Houston port commission
- Inttra in BOL agreement
- TNT renews Ford contract
- Schiffahrt deploys mega-ship
- Crowley boosts reefer fleet
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| JUNE 21, 2006 |
- Danes make Dutch Maasvlakte dreams come true
AP Moller Terminals is the first customer to reach agreement with the Rotterdam Port Authority for a terminal on the Maasvlakte II project giving the authorities the necessary launch partner.
- Polish infrastructure hampers exports say shippers
Polish shippers see containerisation as the cheap way to move goods and boost trade, but this potential is stifled by factors including infrastructure and the success of the small-business economy.
- Emirates and partners edge charter indexes upwards
- Asian Short-haul market in two-year slump
- Owners order more post-panamax tonnage
- COSCO Pacific to sell lease boxes for US$869m
- PSA to issue US$1bn bond to fund Hutchison deal
- ELAA set to release post-4056 proposals
- Bay Watch reports poor ID processes at Tanjung Priok
- Easier access to deeper Brisbane
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| JUNE 21, 2006 |
- Taking stock
Newly bullish John Fredriksen and Tor Olav Troim have bought '$5m to $6m' in Frontline stock and see VLCC rates topping $200,000 per day in fourth quarter.
- Citigroup loses US head
Banking giant makes rare management change as its 'quiet American' steps down after 13 years.
- Spirited protests downunder
Maritime Union of Australia members protest at lack of funding for Spirit of Tasmania III ferry service.
- CSC seals Iran funds
Sri Lanka’s Ceylon Shipping Corp to use Iranian special credit line to purchase tanker and containerships.
- Chemoil targets growth in Europe
Californian bunker supplier takes full control of Rotterdam-based Allround Fuel Trading.
- Double detention
Greek open-hatch bulker detained in Sydney and Fremantle during May with lengthy rap sheet.
- Matson ups Pacific Islands links
US to Hawaii container line charters 650-teu Cerrina (built 1993) to increase services to Micronesia.
- Box sell-off for Cosco Pacific
Chinese container lessor gets $870m-worth of assets off its balance sheet.
- Heat to blame
Temperatures of 42° C blamed for Vietnam yards’ failure to launch tweendecker newbuilding.
- Tanker explodes off Nigeria
Two seriously injured as lightering vessel explodes in the port of Lagos.
- Stolt rejected
Criminal indictments could follow soon after 12-judge court of appeals refuses Stolt's petition for rehearing in antitrust case and parcel owner's options dwindle.
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| JUNE 21, 2006 |
- Drewry: trans-Suez container services "bit players" no more
- More U.S. grain moving to Mexico by water
- Inchape appoints Lauridsen
- DHL completes Incheon air hub relocation
- EU signs aviation agreement with New Zealand
- Cathay to add Stockholm, Toronto to cargo network
- EC adds to aviation blacklist
- Air Canada starts Toronto/Shanghai flights
- Lufthansa Cargo starts using two-tier truck
- Japan opens border again to U.S. beef
- U.S. Chamber to fight for intellectual property rights
- DuPont, BP launch partnership to develop biofuels for transport
- Jamaica joins CSI program
- COSCO Pacific sells containers for $869 million
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| JUNE 21, 2006 |
- Wallenius took delivery of the first newbuilding
The Stockholm based PCTC owner Wallenius Lines has taken delivery of the "Aida" from Daewoo in south Korea. The naming ...
- Stolt-Nielsen risks big fines
The US Department of Justice is now free to charge chemical tanker owner/operator Stolt-Nielsen with illegal price fixing ...
- Langesund-Strømstad postponed again
Nye Kystlink has postponed the start-up of the ferry link between Langesund and Strømstad until this autumn so as ...
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| JUNE 21, 2006 |
- Aggressive competition turns West Coast bearish
Los Angeles and San Francisco seeing lower prices as suppliers look to shift product and grab demand.
- Port Houston joins EPA emissions group
Consortium investigating projects involving alternative fuels and diesel engine controls.
- US crude stocks swell to eight-year high
DOE report shows US crude stocks at their highest since May 1998 after latest weekly increase.
- Sino Union on the move
- War with Iran could triple oil price
Saudi official warns of 'inferno in the Gulf' if the West were to use military force against Iran.
- Bunker supplier launches lubricants service
Romanian bunker supplier announces establishment of new lubricants department to meet clients' requirements.
- Chemoil acquires remainder of Dutch trading firm
Allround Fuel Trading fully acquired nearly eight years after Chemoil bought initial 50% stake.
- Rotterdam fuel oil stable as gasoil sinks
- South Korea: Bunker demand muted as buyers hold off
Buying interest remains low despite bunker prices softening since Monday.
- Singapore: Buyers informed of off-spec fuel by supplier
Singapore supplier informs MPA that it is in contact with the buyers of off-spec fuel to ensure the safety of the vessels, debunkering scheduled in July.
- Shanghai Petroleum Exchange commences trial trading
The exchange started its simulated trial operation today with 380 cst and 180 cst as its trading products.
- Global oil demand set to rise by 37%
US-based EIA predicts world oil demand to rise by 37% by 2030.
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