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| JANUARY 23, 2006 |
Shipping News
- Kidnap-and-ransom insurance policies offered to mariners
THE lucrative business of kidnap-for-ransom, an offshoot of the global maritime piracy problem, has in turn spawned a new business for insurers who are now offering kidnap-and-ransom policies for mariners.
- Asian hub race hots up as S Korea opens new port
SOUTH Korea, Asia's fourth largest economy, has opened a new cargo port in the southern city of Busan, stepping up a race to become the leading shipping hub in Asia.
- Bangla port to install scanners to detect deadly cargoes
BANGLADESH's main Chittagong port has taken up a US$12 million project to set up container scanners aimed at detecting shipments of deadly cargoes, port officials said.
- 31% of dry-bulk vessels are old as demand rises
- Taiwanese ship rescues Thai fisherman
- Middle East VLCC rates leap as Asian demand surges
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| JANUARY 23, 2006 |
- China Merchants takes over Sinotrans
- First phase of mega S Korean box terminal opens
- CSCL to spend big on new containers
- SCT 2005 throughput up 19pc
- Northport hopes to improve efficiency with new gate system
- AADA to cancel PSS tariff
- Section of Fuzhou-Yinchuan Expressway completed
- American Airlines parent posts Q4 2005 loss of US$604m
- Air New Zealand to suspend Auckland to Taipei services
- Chicago's airfreight hub position expected to strengthen
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| JANUARY 23, 2006 |
- Nord Scan Line (India) launched
- BLR India Pvt. Ltd bags 2 major orders
- Indian shipbuilding yards receive spate of orders for OSVs
- ESL Shipping orders new vessels from ABG Shipyard
- Swelling order books
- Tea party with Pak gets cordial
- Cotton exports pick up
- 2 SEZs to come up in Cochin Port area
- Tuticorin Port establishes new record in thermal coal unloading
- Mundra Port excels again
- NMP receives iron ore by rakes on trial basis
- Siemens joins GE in bid to secure containers
- Quality products, cost cutting vital to survive in global markets-Minister
- Cabinet clears double tax avoidance pact with Croatia
- Kochi Refineries places orders for SPM to save on crude transport costs
- Czech, India to step up bilateral trade
- Duty exemption list may be pruned
- Centre to help states set up 26 industry clusters
- Budget session of Parliament advanced to February 16
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| JANUARY 23, 2006 |
- New Russia/Baltic states area manager for ferry port of Sassnitz
- Far Shipping calls at Khorfakkan
- Lufthansa annual results up by 40%
- Emirates launching Kolkata flights
- Shipping on the Mosel stagnating
- ProLogis announces South Korean development
- EU regulation 2320/2002 from 1 February
- Italy allocates funds to intermodal security telematics project
- Interlaken Maritime Freight Seminar, 25-27 January 2006, Switzerland
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| JANUARY 20, 2006 |
- Carnival ships to get post-FEMA refurbishment
- USCG completes Athos I probe
- Bollinger confirms Rigdon order
- SeaDrill controls majority of Smedvig ...and orders another semi
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| JANUARY 20, 2006 |
- Cryo-Trans places order for Greenbrier railcars
- CERB sets three grants for Washington projects
- New Year's holiday slows rail freight traffic
- Union Pacific sees income jump during fourth quarter of 2005
- FMC hits Florida shippers with injunction for multiple violations
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| JANUARY 23, 2006 |
- Japan steps up campaign to save conferences
JAPAN is heading an international coalition that is determined to put the brakes on European Commission plans to abolish the liner conference system.
- Baltic warns on market manipulation
THE Baltic Exchange has fired a "warning shot" to its members, reminding them of their ethical responsibilities under the Baltic Code when fixing ships and cargoes, writes Neville Smith.
- Bid to end Malacca Strait war risk ruling fails
SHIPOWNER groups in southeast Asia have failed in their attempts to have the Malacca Strait removed from a list of war risk areas.
- Salvage crisis in the offing as ships continue to grow says ISU chief
THE international shipping industry has been accused of turning a blind eye to a looming crisis as the size of container vessels and cruiseships outstrips the technical capacity of salvors to handle them.
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| JANUARY 20, 2006 |
- Tsakos tanker cleared in oil spill
US investigators have cleared the master and crew of the Tsakos tanker Athos I in the 2004 incident in which the vessel struck a submerged object in the Delaware River
- Ferry officer blamed for near-miss
A 'multi-tasking' chief officer has been found at fault for an incident in which a Washington State ferry came too close to the container ship Knud Maersk
- Australia, S. Korea sign ore supply deal
INI Steel of South Korea has signed an MOU for the purchase of iron ore and coke from BHP Billiton of Australia
- Japan reimposes ban on US beef
- La Guaira hit by highway closure
- French block Le Havre towage venture
- Shell agrees Indian energy deals
- Ro-pax ferry in River Plate collision
- Badly burned seafarer medivaced
- Global United buys cruise line
- Baltic Exchange warns against cheats
- New USCG commandant named
- Norwegian Spirit hit by rogue wave
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| JANUARY 20, 2006 |
- California bars some demurrage charges
State law aimed at protecting truckers prohibits marine terminal operators from charging for late return of equipment in some cases.
- Portland targets container customers
- Höegh Autoliners starts new pendulum service
- Japan again bans U.S. beef
- CSX reopens Gulf rail line
- Rail pact to improve Vancouver, Chicago service
- Cold warehouse re-opens at Port of New Orleans
- Deal boosts Hub drayage
- Canaveral elects officers
- Swirnow joins Target board
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| JANUARY 20, 2006 |
- Rotterdam Authority finally finalises management team, with CFO
The Rotterdam Port Authority has finally finalised its new management team, by filling the long-vacant role of Chief Financial Officer, at a corporate salary of €180,000 (US$217,700).
- Companies ponder life after Toll's Patrick bid failure
The transport industry, the stockmarket and the companies themselves were today digesting the Australian Competition and Consumer Commission's comprehensive rejection of Toll Holdings' A$4.6bn (US$3.45bn) bid for Patrick Corporation.
- P&O formalise February 15 as new deadline
- JITC abolishes fuel surcharge
- Successful year for Hupac, with nearly 16% increase
- DP World executive nominated US maritime administrator
- Two North American railways improve network capacity
- Still-stranded APL Panama noses out towards deeper water
- Shallow-draught ship to help develop Rio Grande hinterland
- Busan hinterland invites bidders
- New USCG Commandant tipped
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| JANUARY 20, 2006 |
- Trouble on the Columbia
River cruise line Great American Journeys is said to be negotiating with creditors for its survival.
- Katrina ships need work
Atlantic Marine and Grand Bahama Shipyard have won the job of fixing up three Carnival vessels after a controversial US charter.
- CMA CGM scouts big cash
Marseilles-based CMA CGM is looking to fund 12 boxship acquisitions with $736m worth of debt.
- USCG clears Tsakos
There is ‘no evidence that any violation contributed’ to the November 2004 fouling of the Delaware River by the Athos I.
- Diana courts Cargill
Agro trading giant timecharters panamax pair at Baltic Exchange indexed rate.
- Heavy helping hand
The world’s largest shipbuilder is raising advance payments among other measures to strengthen Korean subcontractors.
- Likely Lads step up
North of England P&I club casts Alan Wilson and Paul Jennings for starring roles.
- Trip work for VLCC
An internal acquisition by New York-listed TEN from Tsakos Shipping & Trading goes to work at $75,000 per day.
- MMM closing in on tanker
Malaysian owner could add small products carrier to fleet in first quarter.
- Crack was concealed
UK reveals attempt was made to hide this serious crack on the deck of an Aries Maritime products carrier.
- Vinalines keen to diversify
Ambitious Vietnamese shipping group plans to move into banking, insurance and property.
- Hoverspeed wins customs cash
Sea Containers ferry operation will receive out-of-court settlement for alleged excessive searches of customers by UK officials.
- Temas takes German cash
Indonesian owner arranges loan with DEG to buy two containerships.
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| JANUARY 20, 2006 |
- Allen promoted to top Coast Guard position
- MSC adds South Indian ports to network
- Six crewmembers saved from sinking tug off Cape Fear, N.C
- Squeeze-out gives Lufthansa 100% of Swiss Air shares
- AirBridge Cargo, Nippon Cargo Airlines start code share agreement
- Nasdaq agrees to third World Air listing extension
- UP's profits up once again
- CN, BNSF sign network, infrastructure co-op deal
- Hub Group acquires assets of Comtrak
- RailAmerica completes 3 property sales in Alberta
- UP testing low-emission diesel-hybrids for use in Los Angeles
- Japan halts U.S. beef imports
- Smart box tests show low false alarm rates; other problems crop up
- U.S. inks free trade agreement with Oman
- Wheat group warns shrinking U.S. food aid programs
- CBP reorganizes air, marine programs
- BDP names Thornton to head logistics development
- Court grants FMC request to bar 4 NVOs
- L.A.-Long Beach throughput up 8% in 2005
- Port of Oakland's box volumes up 11% in 2005
- Knatz formally approved as new L.A. port chief
- New Orleans Cold Storage facility reopens
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| JANUARY 20, 2006 |
- Judicial enquiry into "Kleine Familie"
Malta, as the "Sichem Pandora" flag state, has decided to hold a judicial enquiry in to sinking of the French ...
- Swedish ship operator md jailed
The managing director of Destination Gotland, the operator of the ferry services between the Swedish mainland and the island of ...
- "Norway" demolition contract withdrawn
Star Cruises has cancelled the sale of cruise vessel "Norway" (ex "France" board. According to TradeWinds Star has pulled out ...
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| JANUARY 20, 2006 |
- US bunker prices defying 'fundamentals'
Surging crude driving bunker prices higher but suppliers saying market fundamentals unchanged.
- Port of LA says ships must burn low-sulphur fuel
Port outlining 'environmentally stringent lease' requiring cold ironing and cleaner fuels in ship engines but discrepancies remain.
- APL Panama still grounded after failed refloat attempt
All fuel removed to prevent possible fuel leak ahead of next refloat effort.
- New hurdles to clear for marine fuel users
SECAs and increased strain on global refining pose challenges for fuel quality and supply, says DNVPS.
- Fuel oil futures contract set for first half 2006 launch
Dubai Gold and Commodities Exchange is set to launch its fuel oil futures contract in the first half of this year.
- Rotterdam firming in line with crude
- Oil recovered after bunker barge spill
An oil spill from a bunker barge that occurred earlier this week in Gladstone Harbour has been cleaned up.
- OPEC ready to fill supply gap from Nigeria
OPEC is ready to fill supply gap from Nigeria, but concerns remain over sufficient supply of sweet crudes.
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