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| JUNE 23, 2006 |
Shipping News
- Ships come to Asia to die; workers risk lives breaking them up
WHEN the big ships come to Asia to die, they often take lives with them.
- Toilets, lifeboats and chandeliers turn up in Indian markets
WANT to buy a lifeboat? How about a ballroom chandelier or soap once offered to passengers of a cruise ship? The dusty markets in the west coast town of Alang are full of maritime souvenirs, salvaged from cargo ships, oil tankers and cruise liners that have been picked clean along the nearby beach.
- Frontline shares leap after director's bullish comments
SHARES in Norwegian oil tanker group Frontline leapt nearly 9 per cent yesterday after director Tor Olav Troim made bullish comments at a New York shipping finance conference on Wednesday, analysts said.
Admiralty Casebook
- Govt can seize bunker fuel under Australia's illegal fishing laws
FORFEITURE provisions under Australian laws for illegal fishing not only entitle the government to seize a vessel, its equipment and catch, but also any bunker fuel to the exclusion of the rights of the supplier of that bunker fuel, a court in Melbourne ruled last month.
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| JUNE 23, 2006 |
- Cosco to sell containers
- E R Schiffahrt's fleet increases to 63
- FedEx net income rises 27pc in Q4
- Moody's awards Port of Tacoma higher bond ratings
- Congressman's divided loyalties called into question over port security proposal
- Jamaica joins CSI programme
- China Southern to fly Guangzhou-LA route
- Qantas expecting profit downturn
- China-S Korea accord to expand civil aviation ties
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| JUNE 23, 2006 |
- Allcargo Global Logistics acquires 100 pc stake in ECU Hold NV
- Nilja Shipping appointed exclusive agent in India by Noah Shipping Line
- Canlinx begins operations at Mumbai Port
- Cotton exports set to soar
- Reliance’s IPCL may acquire full control of Dahej chem. port soon
- Pipavav Shipyard poised for major breakthrough
- Kandla Port Trust takes major step towards full-fledged box terminal
- 50 pc aid in airfreight for perishables export from North-East states
- Land Port Authority soon to develop & manage 15 dry ports along 5 border states
- Rlys generates Rs 6,687 cr. freight traffic revenue in April-May
- Fieo asks PM to restore Target Plus scheme sops
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| JUNE 22, 2006 |
- MSG chairman Heinz Hofmann celebrates 65th birthday
- CMA CGM and China Shipping sign cooperation agreement
- Swiss expands long-haul fleet
- No "wine strikes" in Australia
- Schenker holds official opening ceremony for logistics terminal in Eiken
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| JUNE 22, 2006 |
- ITF comes out in support of Callao strike
- Imarex acquires research firm Nena
- ELAA puts forward alternative liner conference rules
- OPRC-HNS protocol will enter force next June
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| JUNE 22, 2006 |
- Port of Vancouver, USA to host public transportation forum
- Alaska Airlines expanding Seattle/Portland to Mexico service
- Coast Guard Auxiliary marks sixty-seven years of service
- Moody's boosts ratings for Port of Tacoma bonds
- North American officials set new trade council in motion
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| JUNE 23, 2006 |
- Tanker owners win battle of words with cynics
A HEAVY-hitting group of tanker owners has stared down the sceptics and pessimists in New York, insisting that freight rates in its business are headed upwards and could even match the bull market of two years ago.
- Maersk wins new Rotterdam terminal concession
MAERSK-OWNED APM Terminals will drop out of negotiations for the first container terminal concession at Rotterdam’s Maasvlakte 2 because it has already bagged a deal for a second terminal which will allow it to handle an extra 1m containers a year, writes Helen Hill.
- Hutchison takes full control of Euromax
AFTER much speculation the future of the Euromax container terminal being built in Rotterdam is now clear, with the whole facility going to Hutchison, writes Helen Hill.
- Box lines warn of damage to trade without data exchange
BRUSSELS holds the future prosperity of global commerce in its hands as it decides on a new regime for liner shipping.
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| JUNE 22, 2006 |
- Tanker explosion in Nigeria
TWO crew members are reported to have been seriously injured, and an unknown number may remain trapped, after an explosion on a Nigerian lightering tanker at Obat petroleum terminal, Lagos, on Tuesday
- India opens wheat imports
INDIA has thrown open imports of wheat and sugar to the private sector in order to increase supply and keep inflation under control
- Jamaica joins CSI, Megaports
US efforts to stem the transit of illicit nuclear materials were broadened this week with Jamaica’s joining of the Megaports programme and the Container Security Initiative
- Small bulker in distress
COAST Guard units responded last night to the Cambodian-flagged bulker Sea Taxi, which reported it was taking on water 12n-miles off Miami Beach
- Oil platform found after 3 months
A salvage tug is expected to arrive at Tristan da Cunha today to refloat an oil platform that went missing in March when a tow from Brazil to Singapore was relinquished
- Atlantico Sul, Transpetro in talks
SHIPYARDS in Brazil’s Atlantico Sul consortium are continuing to negotiate with Transpetro after losing out on the newbuilding contracts earlier in the week
- Baosteel accepts 19% ore price hike
- Tankers tout summer surprise
- Anti-piracy grouping wins approval
- NYK invests in Vietnam training
- COSCO Pacific cuts box stockpile
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| JUNE 22, 2006 |
- ELAA outlines regulatory proposals
Ocean carriers say the information-sharing system is necessary, but shippers say the proposals would allow carriers to fix freight rates.
- Bill would create regional port-security centers
- US again investigates air-cargo pricing
- CN seeks to block protest
- Currency woes, fuel prices hit Korean carriers’ profits
- Contract awarded for LA-Long Beach inspection facility
- Cosco Pacific to sell most of its container fleet
- Cathay Pacific orders 6 freighters
- Senators slam STB over rail competition
- Jamaica joins CSI
- UPS unveils hybrid truck
- Weber Distribution acquires TaB Warehouse
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| JUNE 22, 2006 |
- ELAA optimistic of carrier/shipper accord in brave new world
Freight forwarders could be the biggest winners when the shipping lines finally lose their anti-trust immunity, probably some time in 2009.
- Vancouver benefits from carrier restructuring
The Port of Vancouver has seen containerised cargo climb sharply, notably thanks to CP Ships volumes - formerly handled at nearby Fraser River Port – following the takeover by Hapag-Lloyd.
- Emirates seeks partner to run Asia-India-Middle East loop
- Chennai Container Terminal operations hit by strike
- Unique deal to protect South Australian wine exports
- Betwue-linked APMT Maasvlakte facility to keep Maersk at Rotterdam
- Transport policymakers call for technology to drive in new transport future
- Inchon South Port to deepen multi-purpose berth
- Andreas Mueller to head TT Club Europe branch
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| JUNE 22, 2006 |
- Heidmar confirms Morgan Stanley deal
Per Heidenreich's Connecticut pool powerhouse will go to financial and trading giant for undisclosed price believed to top $200m.
- 'The perfect buyer'
Per Heidenreich says he could not have found a better fit once a field of more than 20 bidders narrowed down to the commodity-trading arm of Morgan Stanley.
- 'Summer slump is cancelled'
Dry-bulk owners think rates have definitively headed up again as major charterers begin to ask them for long-term deals.
- Family plead for alert crew
The family of a shipping lawyer missing off Canada since last week ask for help from the shipping community.
- Million-dollar man
Could new PacBasin exec make $1m in his first year?
- Charity begins at home
PDVSA repeats claims it is set to order in China but says it will build domestically from 2012 onwards.
- Carnival crew member missing
Search and rescue operation underway for crew member missing from 70,400-gt Imagination (built 1995).
- Chemical leak off Oz
Containership arrives in Brisbane under heavy security with toxic chemical leak onboard.
- Braemar Seascope upbeat
Alan Marsh says company is firing on all cylinders with forward order book close to a record high.
- NOL returns to bank market
Liner operator plans first loan in six years to pay off outstanding bonds.
- TEN ties-up Euronike
US-listed Tsakos tanker arm confirms charter extension to ice-class suezmax newbuilding.
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| JUNE 22, 2006 |
- ELAA delivers conference alternative to EC
- USAID urges PVOs to get serious on late vessel arrivals
- "USNS Lewis and Clark" joins Military Sealift Command
- Crowley buys 457 reefer containers, 380 gensets
- FedEx's posts record profits
- Cathay Pacific orders six 747-400 Extended Range Freighters from Boeing
- SWISS to operate two Airbus A330s from Lufthansa
- Dragonair's freight up 5.2% in May
- GAO: Rail rates same as 1985, competition concerns remain
- USDA chief wants beef trade to Japan fully restored
- U.S. Bank to acquire Schneider freight payment service
- Bhatia discusses U.S.-India trade issues ahead of talks today
- Ford renews Kansas contract with TNT Logistics North America
- Exxon Mobil's McGill to head pro-trade group
- APM Terminals first customer for Rotterdam's Maasvlakte 2 expansion
- DP World awarded 30-year Port of Callao concession
- PSA's international operations boost throughput 69%
- Forums in New York on Goethals Bridge Replacement
- Virginia ports seek trans-Suez growth
- Edmonds reappointed chairman of Houston port
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| JUNE 22, 2006 |
- Shipping Administration hunts file sharers
The Swedish Maritime Administration, SMA, has filed a report to the police against the file sharing site The Pirate Bay ...
- New feeder service to Scandinavia
København, Århus and Göteborg will from this coming Friday become ports on the map of Islamic Republic of Iran Shipping ...
- Tallink issues new shares for EUR 18.85 million
The Tallink AGM decided on 22 June, to set the value of the five million new shares issued to EEK ...
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| JUNE 22, 2006 |
- Texas supports California emissions rule
State authority approves ship auxiliary engine controls for further analysis but may favour cold ironing.
- Morgan Stanley to buy Houston supplier
Energy trading company acquiring Texas-based independent as part of wider takeover.
- Brazil closes for Cup
Principal supplier closing offices this afternoon as Brazil faces Japan.
- Buyers warned of more lube oil price hikes
With the latest round of price increases in the marine lubricants market just completed, buyers can expect to see another rise in the final quarter of 2006.
- Imarex goes shopping again
Norway-based maritime exchange for freight and bunker futures strengthens its power and emissions profile with new acquisition.
- May bunker derivative trade makes gains on April
Exchange sees fewer bunker transactions but volume and value more than doubles.
- New trader joins O.W. Bunker Group
- Oil prices rise on lower than expected gains in US inventories
World oil prices above $70 per barrel in New York, OPEC unlikely to change output quotas in September.
- Rotterdam up with crude
- Singapore: Stocks of residual fuels and distillates down
- 11 Asian governments ratify first anti-piracy agreement
The agreement to combat piracy and armed robbery against ships in Asia will enter into force in September 2006.
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