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| APRIL 24, 2006 |
Shipping News
- Emirates line sets sail with Colombo-NY service
THE liner industry's newest player - Emirates Shipping Line - has officially opened for business with its first service - Indian sub-continent to the US east coast - set to sail next month.
- Orient Overseas Q1 sales up 3.9% on more cargo
ORIENT Overseas Ltd, owner of Asia's seventh-biggest container shipping line, said first-quarter sales at the unit rose 3.9 per cent after cargo volume increased.
- Key US oil-handling port's lifeline at risk
THE only road in and out of Port Fourchon, Louisiana, the main US staging point for deepwater oil and natural-gas production, sits less than a metre above the marshland.
- Toll getting support for Patrick takeover
- Xiamen Int'l Port's profit up 4.7%
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| APRIL 24, 2006 |
- May start for inaugural Emirates Shipping Line service
- CSAV Norasia changes AME service rotation
- Hapag-Lloyd to axe 2,000 jobs
- Evergreen subsidiaries set up logistics joint venture in Tianjin
- Wako 2005 net income up 114pc
- World sails to half a century of containerisation
- Synergy launches barge
- Continental Airlines suffers Q1 net loss of US$66m
- Tianjin's international cargo services on the rise
- World Air appoints new CFO
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| APRIL 24, 2006 |
- BCC&I organising ports & shipping conference on October 13-14
- Emirates Shipping Agencies to represent Line’s interests in India
- PSA International acquires 20 pc of Hutchison Whampoa’s port operations
- Ex-im trade urged to make fuller use of VCT
- S.R. Kulkarni reappointed trustee of MbPT
- AIAI seminar underlines need to bolster ports' capacity to meet demands of booming economy
- CONCOR plans to import wheels for private sector
- Cargo size is no problem for Nautica Logistics
- GDL to roll out container train at Garhi on May 3
- Govt notifies Jamnagar SEZ
- Exporters to receive 80 pc excise duty refund in 15 days
- Credit policy offers little for exporters & SSIs, says AIAI
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| APRIL 21, 2006 |
- Vatry International Airport: Strong growth in Q1/2006
- ERS expands rail shuttle network
- Schindler and Kuehne + Nagel extend China partnership
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| APRIL 21, 2006 |
- CMB’s "strong" Q1
- Strong start for Marseilles-Fos
- Panama Canal auctions transit slot
- Emirates’ first service
- Dutch arrest warning
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| APRIL 21, 2006 |
- No Navy deal with Somalia on pirates
- Gulf Craft delivers fast cat
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| APRIL 21, 2006 |
- Panama Canal testing auction for additional transit slot
- US rail freight traffic has hot week in intermodal section
- Four Indian tribes ink pact for fishing in Strait of Juan de Fuca
- Truckers take reservation beef to streets of Vancouver, BC
- Breakfast meeting will cover Whatcom County economy
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| APRIL 24, 2006 |
- PSA pays $4.3bn for 20% Hutchison stake
HUTCHISON Whampoa has sold a 20% stake in entire global ports network to Singapore rival PSA International for US$4.39bn.
- Voices from beyond the grave echo doomed Red Sea ferry’s final hours
A CHILLING transcript of the conversations recorded by the black box recorder of the Al Salam Boccaccio 98point to a string of failings by the captain and crew in the last hours of the ill-fated vessel’s voyage.
- Hutchison stake buy stuns PSA rivals
CONTAINER industry executives in Asia are stunned by the implications of PSA International taking a 20% stake in its largest rival Hutchison’s global port network.
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| APRIL 21, 2006 |
- RCCL downplays Caribbean fears
ROYAL Caribbean Cruises Ltd (RCCL) confirmed the existence of new pricing pressures on Caribbean itineraries
- PSA placed on credit watch list
STANDARD & Poor’s has placed PSA on credit watch following the $4.4Bn purchase agreement with Hutchison
- Hapag focuses on ships not terminals
HAPAG-Lloyd is worried about future bottlenecks at European container ports because of strong growth, but will not invest heavily in terminals
- Iran oil bourse on stream by mid-year
TEHRAN has reiterated that its much-publicised plan to launch an ‘oil bourse’ is close to reality and will become operational on Kish Island within next two months
- RCCL hit by fuel, capacity shortfall
ROYAL Caribbean Cruises Ltd (RCCL) profits were driven down in the first quarter by a combination of higher fuel costs and lower ticket revenues
- Intoxicated bulker master arrested
THE CAPTAIN of a Cayman Islands-flagged bulker has been arrested in New Orleans for being drunk on duty after a pilot smelled alcohol on his breath
- SCI, Zim confirm Emirates partnership
- Hapag mulls mega-ship orders
- PAN reveals interest in Bass service
- Protesters delay Subic shipyard
- PSA in stunning Hutchison agreement
- Whale killed as restrictions drafted
- Indonesia to ban fertiliser exports
- Chinese economic growth sparks fears
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| APRIL 21, 2006 |
- PSA buys Hutchison stake for $4.4B
Hutchison Whampoa, the world's largest port operating company, will sell a 20% stake in its port operations to Singapore rival.
- California board approves plan to cut port smog
- Security technology show-and-tell for lawmakers
- Seaway pushes for China trade
- Prince Rupert port on railroad’s 2006 budget
- CG taps security officer
- Horizon Lines declares dividend
- Emirates details India-U.S. loop
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| APRIL 21, 2006 |
- PSA unveils HPH investment
PSA International, the world’s second-largest operator of container terminals, has purchased a significant stake in the world’s largest operator of box-handling facilities, Hutchison Port Holdings.
- Samudera issues profit warning
With freight-rates on the wane, listed Samudera Shipping Line has issued a profit warning, covering Q1 2006 and the rest of 2006, citing additional capacity ‘being experienced’ by the industry.
- Canadian Government sets obligations for Pacific ports on container trucking
- Industry seeks interpretation of conclusions in China’s THC investigation
- Strategy change sees TPS Surabaya Q1 throughput drop
- Intermodal activity drives Q1 profit, as CN plans upgrade to key hub
- Rotterdam labour situation settling, except PONSF
- ABP stay silent on rumour of renewed approach
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| APRIL 21, 2006 |
- May flowers?
Tanker stocks have been dampened lately, but one analyst says they could be ready for a traditional May blossoming as a rates recovery takes root.
- Yuriy Sixtimes
Navalmar captain was way over tippling limit when New Orleans pilot brought the party to an end, Coast Guard says.
- Bunker blow for RCCL
Profit falls as rising fuel bills threaten to be more than $100m above 2005 levels.
- PSA in huge port deal
Singapore goes for international port growth by taking a $4.4bn stake in Hutchison Whampoa terminal portfolio.
- Seatrade buys reefers
Dutch specialist snaps up four 540,000-cbf vessels from Greek owner for $70.5m.
- Imperfect 10 for Hong Kong
Evergreen and Arpeni ships feature on March detention list, with eight other vessels.
- Jnhui offloads another
Hong Kong owner books profit on sale of a second 1980s-built bulker in as many weeks.
- Zim takes flight
Ofer-controlled boxship line takes a quarter of Chinese airline start-up.
- Rina racks up growth
Italian class society builds fleet in 2005, boosting earnings in the process.
- Cyprus for the white list?
Optimism runs high in Cyprus that the next meeting of the Paris MOU will see it promoted to the regime’s white list of flag states
- Exmar tables share split
Stock will be divided five-for-one as Belgian gas carrier's share price continues meteoric rise.
- Soderberg to step down at 65
AP Moller-Maersk boss will not continue past normal retirement age in three years time.
- Western India delivers loss
Goa-based shipyard slumps to another annual loss but recent newbuilding orders should see improved result next year.
- Thumbs up for Arpeni
Indonesian bulker and tanker owner receives B+ credit blessing from ratings agency Standard & Poor’s.
- Costa blames underage drinking
Family of teenager who fell to her death from a Costa Cruises vessel look set to continue their struggle for answers.
- Master rapped over anchor drop
Captain of Sydney Ferries ship left bridge to assist in desperate attempt to avoid collision with quayside.
- Samudera issues profit warning
Intra-Asian liner player says high and volatile bunker price and excess capacity will hit 2006 results.
- Canada holds five
Inspectors find fault with four bulkers and a general cargoship during March, after a blank month in February.
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| APRIL 21, 2006 |
- Ocean contracting panel: Unused opportunities in OSRA, NSAs
- Emirates Shipping Line selects Sterling as Sri Lankan agents
- TTL to offer range of ocean containers
- UPS's 1st quarter profits up 11%
- Middle East airline joins Cargo 2000
- Union Pacific posts record quarterly profits
- Pallet maker IFCO raided for employing illegal workers
- Trade credit insurer: China can be a stabilizing force for inflation
- Averitt opens distribution centers near three ports
- PSA to buy 20% of port operator Hutchison
- PierPass fees to increase from Monday
- Auction system set up for Panama Canal slots
- Southern California ILWU official calls for air cleanup
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| APRIL 21, 2006 |
- More ships to Maersk US-flagged fleet
The A. P. Møller-Mærsk Group has added more container vessels to its US-flagged fleet. Five vessels were acquired ...
- Rem orders two MPSVs at Kleven
Norwegian owner/operator Rem Offshore in Fosnavåg has ordered two type MT 6022 Multi Purpose Supply Vessels (MPSVs) at Kleven ...
- Cabins from Piikkio to giant drilling rigs
Leirvik Module Technology AS has decided to use cabins manufactured by Aker Yards Piikkio for the accommodation area in two
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| APRIL 21, 2006 |
- Bears stay in hibernation as oil hits $75
Crude goes even higher as US bunker prices hit new records, frustrate buyers, and confound suppliers.
- Volendam opens Vancouver cruise season
Bunker market will see 50% boost from busy ship call schedule as cruise lines feel effects of high fuel prices.
- Trader departs from Triton
A trader has left the company to pursue his own venture.
- Floating storage short term solution to tight Asian tankage
Vitol to place floating storage off Pasir Gudang as tight tank availability, increased trading levels and falling freight rates generate interest in floating units.
- Bunker tanker sold for operations in East Africa
A South African firm has sold its tanker to a Greek buyer who will operate the vessel as a bunker tanker off East Africa.
- Brief respite for Rotterdam indications
- Bunker costs set to eat into profit
Asian liner operator has issued profit warning for 2006 on higher bunker prices and lower freight rates.
- Japan: Weak market ahead of Golden Week
Demand dull ahead of Golden Week holiday; bunker supplies not affected by Cosmo refinery's fire.
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