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05 April 2020 The on-line newspaper devoted to the world of transports 17:32 GMT+2

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The Business Timesweb site
MARCH 24, 2006
Shipping News
  • Hutchison Port pre-tax profit up 14% to HK$10b
    HUTCHISON Whampoa, which owns the world's largest port operator, said its 2005 profit from managing container terminals rose 14 per cent as shipments were boosted by Asia's expanding trade with the US and Europe.
  • SingTel launches new maritime service
    SINGAPORE Telecom has rolled out a new maritime service promising unlimited broadband satellite communications including data and voice between ship and shore for a fixed monthly fee.
  • Cosco Pacific H2 net profit up 6% at US$120.2m
    COSCO Pacific Ltd, the world's fifth-largest port operator, increased profit by 5.9 per cent in the second half as it handled more cargo and leased more containers because of a surge in China's exports.
  • Toll needs to raise A$5.5b bid for Patrick: analysts
Admiralty Casebook
  • Vessel's unseaworthiness is effective cause of cargo loss
    AN English court last week upheld the ruling of a panel of arbitrators that once a vessel's unseaworthiness is found to be a cause of cargo damage, there is no further need to inquire whether that unseaworthiness was the effective or proximate cause of the loss.

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Sched Netweb site
MARCH 24, 2006
  • Hyundai vessel sinks off Yemen
  • CS Terminal acquires 40pc share of Nansha Port Phase 1
  • OOCL newbuild to serve Asia-Europe trade
  • US Customs seize US$6m worth of illegal China textiles
  • TUI's shipping division posts earnings of EUR279m for 2005
  • Maersk adjusts Israel-China BAF charge
  • Bonded warehouse opens in Shenzhen
  • MASkargo expecting new freighters
  • Shanghai, United Airlines sign code-share deal
  • Menzies 2005 profit up 20pc

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Exim Indiaweb site
MARCH 24, 2006
  • Exports set to hit $ 100 bn in 2005-06-Nath
  • Spice exporters urge Maharashtra govt to reduce late payment interest rates
  • TMIL keen on bidding for development of clean cargo berths at Paradip Port
  • Deepening of JNP approach channel to be completed by Nov. 2008
  • New record in urea unloading set at Vizag
  • Container transport revolution rolls on track!
  • AIAI calls for rationalisation of VAT structure
  • RBI to unveil credit policy on April 18
  • Formula for sharing service tax revenues with states being worked out
  • Commerce Ministry clears doubling of SurSEZ area
  • ONGC to increase investments in Mangalore SEZ
  • Panel to decide formula for compensating states in CST phase-out
  • ICS' two-day seminar begins tomorrow

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International Transport Journalweb site
MARCH 23, 2006
  • EU bans 92 airlines from its skies
  • Peijs U-turns Betuwe Line into the sole hands of ProRail
  • PWC Logistics with new joint venture

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Maritime Global Netweb site
MARCH 23, 2006
  • Euronav orders VLCCs
  • Budget disappoints UK shipping industry
  • UK sea passenger numbers decline continues
  • Court reversal for Stolt-Nielsen
  • Wallenius "disgusted" by oil pollution offence
  • Biggest boxship named
  • Rina issues first Green Passport
  • Sinwa and ShipServ link up

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Marine Logweb site
MARCH 23, 2006
  • Stolt-Nielsen loses a round in antitrust fight
  • USCG investigators sent to fire damaged Star Princess
  • Fuel costs hit Carnival earnings
  • SeaDrill orders fourth jack-up at Keppel
  • Wallenius to pay $6.5 million in pollution case

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World Wide Shipperweb site
MARCH 23, 2006
  • Corps holding public meeting to discuss Columbia jetty repairs
  • Bellingham commissioning ceremony set for new Coast Guard cutter
  • Holland America Line flagship wins Ship of the Year nod for 2006
  • AAPA taps Sen. Susan Collins as 'Port Person of the Year'
  • New Boeing 747-400 freighter heading to MAS Cargo service

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Lloyd's Listweb site
MARCH 24, 2006
  • Hyundai Fortune 'firework' blaze to spark record insurance claim
    A RECORD total insurance claim affecting all the world's main cargo markets is shaping up from the Hyundai Fortune Blaze.
  • Storey sets environmental agenda
    BRITAIN'S Chamber of Shipping is set to go green with the election of Maurice Storey as the shipowner body's president at its annual meeting in London yesterday, writes David Osler.
  • Passenger dies, 11 hurt in cruiseship fire
    ONE passenger died and 11 were hurt when fire broke out on passenger decks of the Star Princess early yesterday as the Princess Cruises vessel sailed from the Cayman Islands to Jamaica, Reuters reports.
  • US shipping industry accused of not entering DP World takeover 'dialogue'
    THE hysterical treatment of DP World's takeover of P&O in the US was partially brought about by "ignorance" of maritime matters in Washington, an influential Republican Congressman admitted in Stamford this week.

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Fairplayweb site
MARCH 23, 2006
  • Star Princess fire: one dead
    AT LEAST one person is dead and an undisclosed number injured after an early morning fire today that destroyed more than 100 cabins on Princess Cruise's Star Princess, Jamaican and USCG officials report
  • C-P Offen reassures KG investors
    CLAUS-Peter Offen is putting his money where his mouth is by pitching more than €20M ($24) in a fleet KG fund for 14 sub-Panamax vessels of 1,800-2,800 teu capacity
  • Carnival reports cruise wave breaking
    CARNIVAL Corp profits dropped 19% during the first quarter on much higher fuel costs, while 'wave season' bookings began falling off earlier than usual
  • DNV cites growing owner pressure
    SHIP owners are quietly asking class societies not to give 'conditions of class' determinations because charterers see these as a reason to reject vessels
  • Native protest costs CVRD 1M tonnes
    BRAZILIAN giant Companhia Vale do Rio Doce estimates that it suffered a 1M tonne cargo loss through the recent invasion and blockade of its railway by native Indians
  • Magic pipe ro-ro manager agrees fine
    WHISTLEBLOWER tips have led Wallenius Ship Management in Singapore to agree to pay $6.5M in fines on oil dumping-related charges in the US
  • Hyundai Fortune has not sunk
  • Cruise passengers killed in bus tragedy
  • Hapag-Lloyd expects drop in profits
  • Piracy: better and worse
  • Two missing after BC ferry sinks

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The Journal of Commerceweb site
MARCH 25, 2006
  • Canal capacity good until 2012: Official
    Panama Canal Authority says upgraded technology, operations will handle growing container traffic.
  • Dezenski leaving DHS
  • Hyundai ship fire under control
  • Ex-Waterman executive Farrell dies at 83
  • Hanjin adds China-U.S. service
  • WSC lines, Coast Guard in port security pact
  • New truck plan for Vancouver
  • New trans-Atlantic loop for CMA CGM, China Shipping
  • Airlines tackle e-freight
  • St. Lawrence Seaway opens

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Containerisation Internationalweb site
MARCH 23, 2006
  • Firefighters battle Hyundai Fortune blaze
    Fire and salvage tugs are standing by the Hyundai Fortune which caught fire when off the coast of Yemen on Monday afternoon following an explosion in one of the containers.
  • Cochin terminal drivers threaten indefinite strike
    Drivers in the port of Cochin have given notice to container trailer operators that they will go on indefinite strike from midnight on March 26 in support of their wage claim. The two unions, CITU and CTTU, have also demanded settlement of various 'problems' faced by trailer drivers in the Rajiv Gandhi Container Terminal.
  • Strong ports business boosts COSCO Pacific
  • Brazil health inspectors' strike hits carriers
  • New vessel enters MSC Silk Express service
  • Rijeka aims for Adriatic gateway status
  • Hyundai drops Indonesia in favour of India
  • Rotterdam hosts the biggest box ship
  • Bjork Eklund group buys into Baltic Transport Group
  • MacAndrews upgrades its Indian Ocean service
  • Thamesport takes new terminal tractors
  • Bangladesh seeks to commercialise Chittagong box terminal
  • New IMO regulations at a glance
  • Hanjin adds North China-US service

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TradeWindsweb site
MARCH 23, 2006
  • Stolt shocker
    A US circuit court has delivered a long-dreaded setback to chemical tanker giant Stolt-Nielsen (downloadable court ruling on inside page).
  • Euronav in two-VLCC order
    Belgium's Euronav has confirmed weeks of speculation with an announcement that it has ordered two $120m VLCCs at Hyundai.
  • Seaway wants more traffic
    A German multipurpose ship and a CSL self-unloader opened two sections of the St Lawrence Seaway for the sailing season this week.
  • Tailwind behind OMI deal
    Norway's Tailwind is behind one recent sale-and-charterback deal by Craig Stevensen-led OMI.
  • BC pledges to update fleet
    British Columbia premier Gordon Campbell says 'pretty rapid action' will be taken to order new ferries in the wake of yesterday's sinking.
  • Red Ensign 'at risk'
    Requiring UK nationals on tonnage-tax ships will scare foreigners off the UK flag, warns the new top lobbyist for UK shipowners.
  • Bourbon bulks up
    French bulker and supply ship owner doubles profit in 2005 as markets improve.
  • Carnival fire claims one life
    Mystery fire on-board Carnival cruise ship leaves one dead and several injured.
  • Q-Ship cleans up
    Shareholders can expect a nice payout after Qatar Shipping Co (Q-Ship) announces tidy profit in 2005.
  • Bunkers costs no fun
    An $82m rise in fuel bills has led to a first quarter downturn in the profitability of Carnival Corp.
  • Salvors tackle HMM blaze
    SvitzerWijsmuller team aims to control devastating boxship fire off Yemen, as it spreads to fore of vessel.
  • Guangzhou builds profit
    Chinese yard Guangzhou Shipyard International (GSI) more than doubles profit in 2005.
  • Another Lenac sell-off
    Court orders sale of bankrupt Croatian yard's equipment, plus offers dock for rent.
  • Three out of four aint bad
    Reduced fourth-quarter income fails to dampen Coscol's spirits as Chinese giant posts another bumper year.
  • Trygve Seglem for president
    Knutsen OAS managing director to head Norwegian Shipowners' Association.
  • Bergshaven joins Fredriksen
    Norwegian owners, Vroon up their stakes in Deep Sea Supply.
  • Eitzen offloads another oldie
    Cyprus-based Intergaz reported to be buyer of 1983-built LPG carrier.
  • Cruise passengers die in bus crash
    Tragic accident in Chile leaves 12 Celebrity Cruises customers dead and another two seriously injured.
  • Costs rise at Wan Hai
    Taiwanese boxship operator sees 2005 profit slip as vessel charter rates increase.
  • Stena cuts Irish route
    Swedish ferry operator Stena Line blames rising bunker costs and competition from budget airlines for route reduction.
  • Korean cargoship bombed
    Pong Su scuttled by Australian fighter jet after heroin-smuggling convictions.
  • Shipping ' still a good bet?
    Andreas Sohmen-Pao talks up BW Gas as he tells investors what to look for in a company when putting their cash into shipping.
  • Ship sales lift Lauritzen
    Profits from $213m in ship sales helps Danish shipowner to most profitable year in its history.
  • Tanjung fixes anchor handler
    Malaysian offshore vessel operator wins two-year employment for ship from state oil concern.

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American Shipperweb site
MARCH 23, 2006
  • COSCO names 9,500-TEU ship
  • Fire blazing aboard Hyundai ship
  • Jeb Bush opposes Gulf oil pipeline
  • FedEx's 3rd-quarter profits up 33%
  • Deutsche Lufthansa names Gemkow CFO
  • YRC downgrades profit expectations
  • No urgency to confirm Basham as CBP commissioner
  • PricewaterhouseCoopers reports spike in economic crime
  • EGL names Leonard CFO
  • Deringer to host export compliance webinar
  • Hellmann Perishable Logistics names VP
  • U.S. trade rep outlines concerns over China in Shanghai speech
  • Eurinpro building warehouse in Germany for Amazon
  • DOT official: DP World controversy has freight policy silver lining

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The Scandinavian Shipping Gazetteweb site
MARCH 23, 2006
  • Swedish government identifies strategic ports and investigates pilotage
    The Swedish Government and its support parties, the Left party and the Green party, has presented a long-overdue transport ...
  • Part-owned Wallenius company guilty of oily water dumping in US waters
    Singapore-based Wallenius Ship Management, WSM, 50/50-owned by Wallenius Marine and Singapore Shipping Corp, has in a US ...
  • April tonnage remains firm in North Sea/Baltic
    Freight for both clean and dirty tonnage continued firm in he North Sea/Baltic area this week. In the clean ...

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The Bunker Bulletinweb site
MARCH 23, 2006
  • Maersk, Port of LA lease agreement falls apart
    Lease negotiations extending out until the end of '06 as environmental clauses becoming deal breakers.
  • Fuel price inflation prompts cuts on Irish route
    Swedish ferry operator Stena Line announces cuts on one of its routes.
  • Bunkers blamed as Q4 profits slump, outlook worsens
    Shipping company posts 15% decline in Q4 profits, and analysts predict tough 2006 after strong 2005 profits.
  • Black Sea suppliers urged towards transparency & investment
    Speaking today at an industry conference, transportation department official urges bunker suppliers towards transparency and greater investment in bunker barges and equipment.
  • Rotterdam opens quiet again
  • Singapore: Plunge in stocks of residual fuels
  • Japan: Nominations increase in Tokyo Bay
    Major supplier quoting for 180 cst stem sizes up to 700 mt.
  • The Barrel Oil celebrates 15 years in Singapore
    Over the last 15 years, the company has supplied close to nine million mt of bunker fuel, and expansion plan is in the pipeline.

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