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| FEBRUARY 23, 2006 |
Shipping News
- Asia's ports and railways struggle with demand
ASIA's ageing ports and railways are struggling to cope with fast-growing demand for energy and commodities, risking supply shortages and threatening to curtail economic growth unless massive investments are made.
- Kuwait plans to order Chinese supertankers
KUWAIT, the fifth-largest oil producer in the Organisation of Petroleum Exporting Countries, said it may order supertankers in China for the first time because they are cheaper than in South Korea or Japan.
- Greece orders striking sailors back to work
THE Greek government yesterday ordered striking seamen back to work, saying it was necessary for the survival of Greece's islanders cut off from vital food and medical supplies from the mainland for days.
- AB Ports' profits inch higher on contracts
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| FEBRUARY 23, 2006 |
- 'K' Line to begin Xiamen-Med service soon
- KMTC recommences Xiamen-S Korea service
- Shanghai Port Container generates 10pc higher revenue in 2005
- Hebei ports handle 13pc more cargo in January
- TS Lines to launch fifth Japanese service
- Singapore Airlines fails in bid to fly to US from Down Under
- Great Wall to take off by June
- AirBridge, Emirates SkyCargo strike interline deal
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| FEBRUARY 23, 2006 |
- Wheat imports aimed at improving stock position-Pawar
- Panel proposes import duty cut on edible oils, increased tariff on vanaspati
- Move to list ‘sensitive’ items in trade pact with Asean
- Call to widen exporters’ base in Andhra Pradesh
- India, Israel PTA proposed
- KoPT rearranging vessel priorities to facilitate bulk cargo movement at Haldia
- Gem of Ennore calls at Vizag Port to load iron ore cargo for China
- Reliance’s entry in MICT-CFS adds feather to MICT cap
- CONCOR revises schedule for export box trains from ICD-Sabarmati to Mundra Port
- India’s economic dynamism will fuel aviation sector—Minister
- AI, IA merger will create formidable player in Asian skies-Minister
- Rly Ministry asks RITES to conduct feasibility study on rail freight corridor
- Maharashtra Cabinet approves SEZ Act
- Budget may provide tax sops for large taxpayer units
- Cash withdrawal tax may be scrapped
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| FEBRUARY 22, 2006 |
- New Ethiopian Airlines director Germany
- ESPO launching debate on European seaport policy
- AirBridge Cargo and Emirates SkyCargo sign interline agreement
- New EWS/STVA rail automotive service
- DPWN launches logistics initiative
- Customs have EU role to play in promoting intermodal shift
- New OOCL e-business forms save customers time and money
- Security in international logistics
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| FEBRUARY 22, 2006 |
- DP World row rumbles on
- Consortium orders LNG carrier for Indian deal
- Langh Ship orders container ships
- Mass attack on tanker in Gulf of Aden
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| FEBRUARY 22, 2006 |
- King and Schumer plan bill on ports deal
- MAN B&W diesel develops 100,000 bhp
- AHTS orders for Fincantieri
- U.S. Shipping Partners places ATB orders
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| FEBRUARY 22, 2006 |
- Crowley orders two barges from Gunderson Marine
- Wildlands Construction wins contract for Port of Everett mitigation bank
- 'Old Salt' award presented to Daily Shipping News publisher
- Panama Canal to boost tug, linehandling charges
- US joins Cameroon in new Open-Skies pact
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| FEBRUARY 23, 2006 |
- Chang predicts ‘disaster’ for overstretched container lines
CONTAINER shipping is heading into dangerous territory that could precipitate the collapse of lines that have invested too much in super post-panamax tonnage, one of the world’s most experienced industry leaders warned yesterday.
- Bush backs DP World deal as rebel Republicans speak out
PRESIDENT George W Bush has cast his lot firmly on the side of Dubai-based DP World’s $6.8bn takeover of P&O, sparking an unprecedented rebellion within his own Republican Party even as Congress and the Democrats spoil for their own fights.
- ABP looks at £100m Humber coal terminal
ASSOCIATED British Ports is considering a fourth major project on the River Humber which could involve expenditure of more than £100m ($174m), writes Tony Gray.
- Kuwait listing plan to value KOTC in excess of $1bn
KUWAIT is on course for two major energy-related initial public offerings, including a flotation that could value the country’s national tanker company at more than $1bn.
- Qatar duo team up for gas venture
THE TWO leading forces in the Qatar shipping industry are teaming up in a gas carrier joint venture which will start life with four newbuildings worth more than $350m, writes Tony Gray.
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| FEBRUARY 22, 2006 |
- MarAd nomination threatened by DPW
PRESIDENT Bush’s nominee to head the US Maritime Administration (MarAd) would face delays in confirmation if one democrat senator has her way
- Hong Kong to step up border links
THE Hong Kong government is working closely with Mainland China authorities to improve volumes from the premier container port
- Stowaways found dead
THREE stowaways have been found dead on a multipurpose vessel en route from Abidjan, Ivory Coast, to Turkey
- Evergreen warns of rough ride ahead
EVERGREEN Marine Corp chairman Dr Chang Yung-fa warned today that the global economy and container shipping both face many uncertainties
- Ecuador resumes oil exports
ECUADOR resumed oil exports late yesterday amid violent protests
- Migrant Watch: US/Caribbean
CARNIVAL Cruise Lines' Conquest rescued 22 Cuban migrants on 17 February after the group’s boat was spotted in international waters off Mexico
- Fujairah to set up marine academy
- German insurers defend premium levels
- Troubled Negros posts profits for 2005
- Trasmed to launch Portsmouth link
- Quebec offers new hope for France
- Sovcomflot struggle intensifies
- Rotterdam pushes safety agenda
- Cape rates soar on China speculation
- CMA CGM wants 50-year Batam lease
- Bush stands up to DP World critics
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| FEBRUARY 22, 2006 |
- White House: Ports deal vetted by intel
Review by U.S. intelligence agencies found no security concerns with DP World's $6.8 billion deal to operate U.S. marine terminals.
- McCain: Don't rush to judgment on ports deal
- ILA, Teamsters oppose Dubai port sale
- JoC schedules 2nd China Trade & Logistics Conference
- Probation for ILA’s Cernadas
- Seaway sets open dates
- Matson launches China-U.S. service
- Fog closes Houston Ship Channel
- Box traffic down for British ports operator
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| FEBRUARY 22, 2006 |
- Bush nominee for MarAd is former DP World employee
The battle for P&O Ports in the US took a twist today when it emerged that President Bush’s nominee for the Maritime Administration is a former DP World employee.
- How can it ever work? - Boycott on Danish products
The Indonesian National Shippers' Council urged the Indonesia's Importers' Association (GINSI) to withdraw the boycott on Danish products questioning its feasibility.
- Market mood subdued but fixtures continue to drip through
- OOCL restructures intra-Europe feeder services
- Equipment order placed for Yangshan Port Phase II
- Panama Canal to raise charges
- CPR announces corporate changes
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| FEBRUARY 22, 2006 |
- Genmar beats 'street'
New York-based owner exceeds analyst expectations with fourth-quarter earnings while boosting dividend to $2.00.
- Ports detente?
Bush will reach out to Congress to avoid veto showdown on DP World deal.
- KOTC unveils sell-off timetable
Flotation of Kuwaiti tanker company will start this year with sale of shares in marine agency business.
- Grindrod takes home $140m
Fleet expansion pays off for South Africa's largest owner as annual profits jump 60%.
- Numbers down at Gotland
Swedish tanker and ferry owner’s net profit dips in eight months to 31 December.
- Samsung serves it up early
Seaspan takes another ship ahead of schedule with the Jakarta Express.
- Toll growing in New Zealand
Australian logistics group’s ferry operations turn in bigger profit in first six months.
- Greece "drafts" striking seafarers
Government orders crews back to work as islands run low on fresh food and medicines.
- Tallink defers Stockholm start-up
Estonian ferry firm will start new Latvia-Sweden service in April after signing contract with Riga port.
- Vinashin wins ten from Clipper
Vietnamese yard bags orders worth over $200m from Danish and Japanese shipowners.
- GSI receives debt boost
Chinese shipbuilder to add another CNY 10m to 2005 profit after recovering some of money owed by local government.
- Star sees rates improving
Norwegian reefer company confident of better demand in 2006 as it posts bigger 2005 profit.
- DSD does better
Norwegian owner boosted by shipping and investments in 2005 as profit rises.
- Green looks on bright side
Norwegian reefer owner improves pre-tax result in 2005, and says period charters have increased this year.
- Uljanik wants Lenac debts
State-owned yard still the favourite to launch rescue of Croatia’s bankrupt Viktor Lenac.
- Bush backs DP World
US president threatens to veto any law blocking a deal to give Dubai company control of six US ports.
- Vita's profits vanish
Downturn in shipping trade between Japan and China hurts fledgling Singapore shipowner.
- STX Pan Ocean airs LNG plans
Singapore-listed South Korean owner confirms it has tendered for two 155,000-cbm LNG carriers.
- SeaDrill raises more cash
Second major equity issue in less than a month raises funds for Mosvold Drilling acquisition.
- Gearbulk splashes $500m
Open-hatch specialist Gearbulk is ordering up to nine bulkers from Oshima.
- USS inks newbuildings
US Shipping Partners has ordered two tug and barge combinations from domestic shipyards.
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| FEBRUARY 22, 2006 |
- U.S. district court says Jones Act must be read literally
- ZIM adds Oakland to round the world service
- Containers removed from grounded APL ship
- YRC subsidiaries start transcontinental service
- Teltrac announces promotions
- Japan opens border to U.S. fresh potato imports
- U.S. revises sugar import quota for fiscal 2006
- TNT Logistics leases warehouse space to Ford in Ohio
- USTDA announces Bombay conference
- Mitchells & Butlers awards alcohol distribution contract to Tradeteam
- ESYNC secures continued AWG contract
- Ryder gives new role to Brunn
- Logistics interest group elects Allan chairman
- IES launches AES application
- Szwaja returns to SEKO to head domestic operations
- Bush warns Congress not to block port sale; Sanborn nomination on hold
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| FEBRUARY 22, 2006 |
- Pirouette manoeuvers by drunken captain led to grounding
The 4,161-DWT dry cargo vessel "Vita", built 1990, went hard aground tonight at Kåseberga in southern Sweden. No one ...
- Optimistic Transatlantic reports healthy result
Transatlantic reports a SEK 314 million (EUR 33.4 million) net result for 2005 and a turnover of SEK 2,481 million ...
- Divers recovers VDR from sunken ferry
The Voyage Data Recorder, VDR, from the sunken Egyptian ferry "Al Salam Boccaccio 98" is now reported to have been ...
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| FEBRUARY 22, 2006 |
- Challenge to California low-sulphur law looming
ARB regulation to be reviewed by state authority, but further legal action not out of the question.
- New barge for New Orleans
Progressive expanding fleet to eight barges and expecting more Gulf business.
- Challenges and opportunities in the African Market
Addax speaks to Bunkerworld about past, present and future developments in the diverse African bunker market.
- Cost persuades NOL to use more high viscosity fuels
As bunker prices have escalated, NOL says using cheaper 500 cst and 700 cst fuels really make a difference.
- O.W. Bunker Asia fills Shanghai post
O.W. Bunker welcomes experienced team member as Chief Representative in Shanghai.
- Rotterdam market little changed this morning
- Oiltanking invests in new storage facility in Indonesia
Oiltanking to build new oil and gas storage facility in Indonesia for storing gasoline, diesel, fuel oil and liquefied petroleum gas.
- Hong Kong: Competitive prices draw Taiwanese vessels
Hong Kong bunker players report recent influx of Taiwanese vessels, and estimate 2005 bunkering volumes above four million mt.
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