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| MAY 24, 2006 |
Shipping News
- Smaller vessels seen most at risk from piracy
A new report on Malacca and Singapore Straits security identifying smaller coastal vessels as being most at risk of attack has led some experts to question whether current efforts to curb piracy and avert maritime terror are on target.
Strait Talk
- Changing of the guard at ICS
THE annual meeting of the International Chamber of Shipping and its sister organisation, the International Shipping Federation , held in Washington a couple of weeks ago, marked the end of an era for the two shipowners' representative organisations.
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| MAY 24, 2006 |
- Industry giants to invest in Tianjin expansion project
- DB to help China develop high-speed rail network
- Overcapacity unlikely to materialise this year: China report
- MOL president meets Guangzhou Mayor
- MSC has 2007 date with Port of Seattle
- FPS relocates to larger Sri Lanka premises
- Holidays affect Drangonair's April throughput
- Korean Air starts service to Istanbul, Turkey
- Airbus to convert planes into freighters in Russia
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| MAY 24, 2006 |
- London JWC adds Lanka & Yemen to list of 20 high-risk countries
- Study projects continued firm growth for E. Asian box trade
- TSK to launch Hercules service in July
- SCI invites bids for purchase of 4 containerships
- 65,000 tonnes of sugar for Pakistan
- Lukewarm response by shrimp exporters to questionnaire puts USDC in a fix
- Irano Hind Shipping Company takes delivery of Supra Handymax bulk carrier
- Finances on softer terms, excellent road/rail linkages seen as key to develop small ports
- CCT sets new landmarks in 1st fortnight of May
- Cathay Pacific named ‘Airline of Year’ by OAG
- Railways proposal for freight corridor SPV to be ready for CCEA nod in a fortnight
- Standing panel questions very need for I-T waivers
- Inter-Ministerial rift on SEZ sops widens
- India in uphill battle against ‘Rich Man’s Club’ at WTO, says govt official
- PM envisages mega SER in Vizag
- Asean trade talks break off on negative list issue
- Postal Dept to branch out into logistics & financial services
- Interactive meet with Singapore business team at IMC on Friday
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| MAY 24, 2006 |
- Schenker appoints new chairman
- Amsterdam hopes for more boxes
- Emirates offering direct flights from Hamburg to New York
- DTSG names first double-hull tank barge
- Christian Salvesen wins Vandemoortele contract
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| MAY 23, 2006 |
- Big wave hits Brittany Ferries’ Pont-Aven
- UK ports policy review
- Baltic’s new handysize index
- Top awards for Richardson and Veitch
- ICTSI buys Indonesian port company
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| MAY 23, 2006 |
- Are computer games causing marine accidents?
- Olympic Shipping back at Ulstein Verft
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| MAY 24, 2006 |
- ABP opens its books to revised £2.5bn buyout bid
ASSOCIATED British Ports will consider an improved takeover approach from a consortium led by US investment bank Goldman Sachs which values the UK’s largest ports group at almost £2.5bn ($4.7bn).
- Investigator whips up a storm over watch duty
SLACK watchkeeping practices - including playing computer games on duty - contribute to many casualties, according to the head of the Marine Accident Investigation Branch.
- UK shipbreaking ambitions ‘wishful thinking’, say leading owners
A SPOKESMAN for leading shipowners has poured cold water on the ambitions of government ministers, campaigners and a small number of industrialists to resurrect the shipbreaking industry on a significant scale in the UK or other countries in the European Union, writes James Brewer.
- Funding threat to worker ID scheme
QUESTIONS as to who will pay for the latest raft of US port security requirements have surfaced as the draft Transportation Worker Identification Credential programme commences a 45-day public comment period.
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| MAY 23, 2006 |
- Drunken master denies charges
GREEK captain Perikles Petridis, who was fired by Celebrity Cruises and jailed after failing a breathalyzer test aboard the Mercury, is claiming his innocence
- Insurers sound alarm over wire ropes
GERMAN Hull & Machinery insurers are getting increasingly worried about failure of wire ropes aboard multipurpose ships
- Eller presses on in DP World case
ELLER & Co, a joint venture partner of P&O Ports North America at the port of Miami, is continuing its litigation against the DP World deal in the US
- Russian bank sells port stake to rival
RUSSIAN bank Uralsib has sold its 30% stake in Russia's largest port, Novorossiysk, to rival Investsberbank, and abandoned plans for a makeover of the Black Sea port
- Stealthgas keeps growing
THE expansion of LPG operator Stealthgas is continuing, with plans for three more vessel acquisitions confirmed yesterday and further growth opportunities being sought
- Goldman Sachs raises ABP offer
A consortium led by the Goldman Sachs has made a second bid for Associated British Ports, the UK’s largest port operating group, worth 810 pence per share
- Piracy: Jamaica
- Wooden pallets carry more than goods
- Caribbean trade liberalisation slow
- Santos protesters take on Lula
- St Malo mourns collapse of Emeraude
- Greenpeace activists injured in Brazil
- Crewmen die after inhaling fumes
- PSA's Fu appointed minister
- US to rapidly expand LNG presence
- Tianjin shares priced in high range
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| MAY 23, 2006 |
- Goldman sweetens ABP ports bid
The U.S.-based investment bank raises its offering price for United Kingdom's largest terminal operator, including Southampton (left), to $4.6 billion.
- Former Marad chief Jamian to head Lakes trade group
- Seaboard Marine adds direct service to Central America
- FedEx to buy Watkins: Report
- Some NOLA port tenants still hurting from Katrina
- WTO chief urges concessions to save talks
- Savannah boxes up 15%
- Houston top coffee port
- Fire damages N.Y. tug
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| MAY 23, 2006 |
- Kursiu Linija signs equity sale agreement with Eimskip
A deal to sell 50% of Kursiu Linija to Eimskip will fuel the intra-European carrier’s Baltic expansion, while offering the new 50% owner access to this market.
- Unions defend Noumea against 'foreigners'
New Caledonian unions are blockading the Port of Noumea in protest against the commencement of new feeder services by Maersk Line and MSC.
- Containers pile up as strike actions mount in Brazil
- Consortium returns to ABP Holdings with 810p non-binding offer
- CMA CGM signs with Virginia International Terminals
- Indonesia's TPS continues slightly lower y-o-y trend
- STX Pan Ocean and TSK Line to launch new intra-Asian services
- TSK service changes to Twinkle in a flash
- Higher-specification vessels deployed to Subcontinent
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| MAY 23, 2006 |
- No change
Aframaxes remain at strong levels in Med and Black Sea, but VLCCs still underwhelming.
- Capers off colour
Capers back on the menu but the market continues to slide as panamaxes fill the plate.
- New Carissa settles for $22m
Lawyers get $3.1m in a settlement of a lawsuit on the removal of the remains of Taiheiyo Kaiun’s New Carissa from an Oregon seashore after seven years.
- Deal of the year
It has been a year of mega acquisitions of companies and fleets but who has pulled off the hottest transaction? Vote in TradeWinds latest poll and you could soon have an Apple iPod nano in your pocket.
- Hawaii spill ‘not from ship’
No crude oil from a Frontline suezmax was involved in a recent spill at an offshore Tesoro terminal in Hawaii, the tanker owner says.
- 'Carry on poaching'
UK-based shipbroker Clarkson has confirmed and expanded upon yesterday’s report of broker defections from Braemar Seascope and SSY.
- Eimskip partners Kursiu Linija
Icelandic container line takes 50% holding in Lithuanian shortsea operator to grow business.
- Baltic buy-back bid ends
London’s Baltic Exchange managed to buy back only 10.4% of its outstanding shares.
- MBC holding steady
Robert Kuok-controlled Malaysian Bulk Carriers (MBC) is slightly up from the previous quarter and nearly flat on a year ago, not counting vessel sales.
- ESL makes serious money
Ethiopian national line reliant on slot-sharing arrangements produces healthy 2005 profit.
- Up and down at DFDS
Another quarterly loss at DFDS of Denmark but disposals and increased revenues soften the blow.
- Three crew dead of poisoning
Tragic deaths on Japanese tanker apparently caused by deadly benzene fumes.
- SSC sales slump
Vessel sales continue to impinge on revenue figures at Singapore Shipping Corp but profit remains steady.
- StealthGas rises
Harry Vafias-led gas carrier operator boosts first-quarter earnings and increases fleet utilisation and charter cover.
- Waterfront puts up numbers
Christen Sveaas-owned company benefits from profit split in better products tanker market.
- Sumatec rings the changes
Malaysian owner orders two tankers in China as it continues to offload older tonnage.
- Rasmussen ups profit
Shipping activities contribute over 43% of profit in 2005 for diversified Norwegian group Rasmussen.
- Braila burned
Aker Yards’ Romanian outpost makes 2005 loss after court case ruling costs it $7m.
- CSDC signs for bulkers
Chinese owner's Shanghai Times Shipping subsidiary to build four vessels at CSSC and Chengxi for coastal coal business.
- Offshore order at PUM
"Repeat customer" back at Pan United Marine (PUM) of Singapore with $50m order for offshore support vessel.
- TSK Line widens Asian net
Japanese containership owner to run six ships between Japan, Indonesia and Indian sub-continent.
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| MAY 23, 2006 |
- Asian shipper groups opposed to Singapore's block exemption order
- Coast Guard: Security not undermined by notice of vessel inspections
- TSK Line to start Asia/Indian subcontinent Hercules service
- Lufthansa Cargo pools non-German handling, sales responsibilities
- Deutsche Bahn, Chinese Rail sign cooperation agreement
- Eastern Freight Ways names Bellino GM
- Bhatia states case for free trade at AIADA conference
- U.S. recommends changes to International Coffee Organization
- Unisys selects DHL for worldwide after-market service logistics
- Eurinpro opens warehouse in the Netherlands for DHL Exel Supply Chain
- USDA to allow imports of South Korea-grown peppers
- Transplace signs Pep Boys deal
- Lowe tapped for president at plastic pallet pool operator iGPS
- Famous Pacific Shipping relocates Sri Lanka office
- ABP considering $4.5 billion offer from Goldman Sachs consortium
- MSC to move to Seattle
- Port of Savannah's box volumes rise 12.7% in April
- Terrier elected to IAPH executive committee
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| MAY 23, 2006 |
- Unanimous approval of IMO standards for coating
Shipbuilders, owners and classification societies have finally approved the IMO standard for coating. The standard will apply as corrosion prevention ...
- Olympic orders subsea vessel at Ulstein Verft
Olympic Shipping has ordered yet another large, multifunctional subsea vessel, the Ulstein P101, at Ulstein Verft, but delivery schedule and ...
- Rasmussen shipping profit surges
Kristiansand based Rasmussen Group – the shipping to real estate investment outfit – announced pre-tax profit at NOK 1.38 billion last ...
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| MAY 23, 2006 |
- Petrobras phone outage
- Port signs second green lease
Long Beach pushing for cleaner air as third-largest terminal operator agreeing to cold ironing.
- EU plugs more shore-side power for ships
Commission urges European states to provide incentives for shore-side electricity as part of push to improve air quality.
- Denmark: Dan-Bunkering welcomes new trader
- Second Saudi Aramco refinery deal on the cards
One deal signed, another nearly ready, for two major new export-oriented refineries in Saudi Arabia.
- Rotterdam market heads higher
- OPEC would consider lowering output, Venezuela says
Venezuela backs oil output cut from OPEC, oil prices may surge on upcoming US hurricane season.
- Appeal to regain bunker licence sets precedent in Singapore
The Appeals Panel recommended to reinstate a Singapore supplier's bunker licence after presiding over the first such case.
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