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| FEBRUARY 27, 2006 |
Shipping News
- DP World expected to seek new US review of P&O deal
AFTER two days of behind-the-scenes negotiations with the Bush administration and Congress, the Dubai company seeking to manage terminals at six ports in the US is expected to announce by today a deal in which it will invite the government to conduct a broad new review of security concerns, according to two senior administration officials and an adviser to the company.
- Security at model port not foolproof
TO US officials, the sprawling port along the Persian Gulf here, where steel shipping containers are stacked row after row as far as the eye can see, is a model for the post-9/11 world.
- 'Queen Mary 2' meets its predecessor
THE giant cruise ship Queen Mary 2 sailed from Los Angeles harbour last Wednesday on a voyage to the past.
- Wreck of Blackbeard's ship gets new shelter
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| FEBRUARY 27, 2006 |
- Coscon, Evergreen to introduce China-US east coast service
- CMA Logistics share price jumps 80 per cent on debut
- Hanjin Shipping to establish Bangkok office
- Tauranga sees profit drop 13.8pc in 1st half
- KLM cargo capacity set to rise
- Frontier orders 6 new Airbus A320s
- United to boost Denver services
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| FEBRUARY 27, 2006 |
- OOCL (India) Pvt. Ltd. gets Lloyd’s Register’s stamp of quality
- Law soon to impose stiff fines on polluting inland water vessels
- NYK Shipmanagement teams up with 2 Indian cos to groom seafarers
- Lloyd’s List honours Evergreen Group Chairman with Lifetime Achievement Award
- Seed makers urge govt to simplify ex-im procedures
- Board of Approval to study 33 SEZ applications next month
- Implementation of risk management system in ex-im trade
- Navi Mumbai-Maha Mumbai SEZ projects achieve financial closure
- Additional 1.2 m tonnes of wheat may be importedin 2006-07
- Exports to US up by 21 pc in 2005
- H. C. Venkatesh takes charge as Traffic Manager, KPT
- CONCOR to set up terminals at Durgapur, Rourkela; upgrade Amingaon & Balasore ICDs
- Private operators face uphill journey
- Pipavav-Jaipur line ready for double stack container trains
- Freight-only corridor move delights trade & industry
- GDL’s 1st container service to link ICD-Garhi Harsaru with JNP, Pipavav & Mundra
- DP World agrees to postpone taking control of US ports
- 8 players in fray to develop ultra-modern bulk terminal at Mumbai Port
- Angel Maritime completes two years of successful operations
- Enthusiasm, fervour mark WIZBIZ 2006 event in Goa
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| FEBRUARY 24, 2006 |
- SDV Logistique restructures European organisation
- Mac Andrews at Khorfakkan
- Swiss adding US and East African flights
- Green Cargo increases income and profit
- Geis group increases sales by 17%
- Politics through the courts
- TNT Logistics chooses Denso for RFID terminals
- Fiata headquarter sessions
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| FEBRUARY 24, 2006 |
- Evergreen and Cosco in new service
- Teekay secures long-term Fronape charters
- Metals and oil prices push up paint costs
- Insurance for Chinese river operators
- AMB buys more Hamburg port property
- USCG in Asian expansion
- Kursiu links Sweden, Germany and Lithuania
- Stolt’s strong Q4
- New Dumping Protocol
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| FEBRUARY 25, 2006 |
- Seafarers get a "bill of rights"
- Efforts to block DP World deal continue
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| FEBRUARY 24, 2006 |
- International Labor Organization developing new standards for seafarers
- US rail freight traffic sees mixed numbers for week
- Portland Women's Shipping Club plans meeting featuring lady pilots
- Russian flagged, crewed vessel added to Crowley Maritime fleet
- Bellingham Port Commissioners meeting neighbors at coffee shops
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| FEBRUARY 27, 2006 |
- DP World acts to soothe fears over deal
DUBAI group DP World has agreed to "segregate" the US component of its P&O takeover and effectively freeze plans to gain operational control over terminal facilities in five US ports as it moves ahead with plans to close the $6.8bn deal this week.
- Attack on Saudi plant pushes oil above $62
OIL prices have stormed above $62 a barrel after an attack on one of Saudi Arabia’s largest oil facilities and renewed threats by Nigerian militants to target oil production in the Niger Delta.
- South Korean shipbuilders urge cut in Japanese steel
SOUTH Korean shipbuilders and Japanese steelmakers remain deadlocked in their latest round of negotiations on the import price of steel plates, a spokesman at Hyundai Heavy Industries confirmed Friday.
- KG financing ‘has no future in present form’
LEADING Hamburg KG financiers and tramp owners have predicted the death of the traditional KG ship financing model.
- Frank scoops newsmaker award
SERGEY Frank, chief executive and president of Sovcomflot, was named the first Lloyd’s List Newsmaker of the Year at a gala award ceremony in London Thursday evening.
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| FEBRUARY 24, 2006 |
- DPW blinks in stand-off with US critics
IN an effort to quell the firestorm of controversy over its entry into the US port sector with the acquisition of P&O Ports, DP World has announced that it will move forward with the purchase of P&O Ports’ global holdings next week but will leave terminals in the US under P&O control while Congress has time to study the deal
- GE moves into container consolidation
GREAT Eastern Shipping, India's largest private shipping company, is moving into container transport and freight stations
- Lakers unite for green goals
US and Canadian ports and shipping lines on the St Lawrence Seaway and Great Lakes have formed a ‘Green Marine’ coalition to promote environmentally-friendly standards
- Stolt-Nielsen ends year on a high
STOLT-Nielsen Transportation Group reported a strong 2005, although operating income for the fourth quarter fell from the previous three months
- Brostrom forecasts strong year
Brostrom, the Swedish product tanker group, posted a strong fourth quarter and forecasts a good year ahead for the sector
- OSM sets up Singapore office
- LNG officer shortage hits 800
- Papua copper shipments normal
- NYK chases more Indian seafarers
- Approval for HK 'green lane'
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| FEBRUARY 26, 2006 |
- DP World requests 45-day review
The Dubai company seeks to mollify critics who cite security risks in its takeover of P&O's cargo operations at 21 U.S. ports.
- ILA rally against P&O takeover
- New Jersey, PA sue to block ports deal
- Europe View: Disbelief over U.S.-Dubai fight
- Ports deal no threat, says Calif. congressman
- Evergreen, Cosco ready China-U.S. all-water service
- Delays lifted at Mexico border
- U.S., El Salvador to launch CAFTA
- BNSF terminal sets lift record
- Ryder System appoints CFO
- Antwerp to boost intermodal
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| FEBRUARY 24, 2006 |
- Subcontinent rates crash 25% over last three months
Container freight rates from India to Europe, the US and Middle East fell by US$100/TEU in January, a survey by the Confederation of Indian Industry shows.
- Dubai Ports corrals US terminals in bid to head off critics
DP World in the US issued a statement last night acknowledging the concerns over security and saying that it will ring fence its US operations until consultations have been concluded.
- Evergreen’s Chang raises post-panamax alarm
- China's Zhen Hua shows interest in Bojonegara project
- SLPA and CSC enter into feeder agreement
- EMC and COSCON to launch new Pacific loop
- Hong Kong to tender three sites for logistic services
- ICF in the profit zone
- Hanjin enters JV with Thai agency
- Canadian railways see intermodal traffic surge
- Surprise announcement of early retirement by SBB chief
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| FEBRUARY 24, 2006 |
- Tanker surprise?
Tanker stocks may already have touched bottom en route to surprise rally in 2006, analyst Morgan Stanley suggests.
- Cruising for a....
The battered and bruised, nauseated and vanished are uniting in a public relations assault on the cruise industry.
- Omega gets started
Brokers are linking Comninos family IPO to a series of panamax products carrier purchase deals.
- Star watch
Blank cheque company will begin trading shares and warrants separately on Monday as startup continues search for acquisition target.
- Orey earnings dip
Portuguese broker and agent suffers higher costs of expansion policy.
- Shipping knew about Iraq kickbacks
P&O Nedlloyd exec tells Aussie inquiry 10% "levy" on containers was common knowledge in the industry.
- Tri-Marine bulker held
Greek handysize is detained by the UK with raft of deficiencies.
- IPO costs hit Horizon
US firm slips into the red after transaction-related costs wipe $15m off the bottom line.
- Almi back in the market
Greek owner returns to sale and purchase arena with deal for 2001-built bulker.
- Seasick vacations
The chance of a cruise ship voyage you would rather forget is increasing.
- Asian lines target the US
Evergreen and Cosco team up to provide new joint service between China and the States.
- Garware doubles up
Indian offshore player orders second supply ship at Havyard Leirvik in Norway.
- New York blocks Dubai
Port authority takes legal action to prevent assignment of P&O terminal lease to DP World.
- STX pushes up price
Korean yard confirms Prisco’s order of five ice-class MR tankers at record $54m each.
- DP World to bypass US
In the face of mounting political problems US ports to be "segregated" in bid to get deal done.
- Teekay grabs Viken suezmax
US-listed owner buys ship being built at Samsung for work as a shuttle tanker with Petrobras in Brazil.
- Kursiu goes to Ahus
Lithuanian short-sea operator starts up feeder link between Sweden and Germany.
- Brostrom races over line
Swedish products and chemical tanker owner sees markets pick up in fourth quarter to boost annual profit.
- Keppel inks LNG deal
Singapore yard to handle maintenance work for Qatargas gas carriers for next five-years.
- Sanborn under scrutiny
Political row over DP World deal for US ports could nobble US Maritime Administration nominee.
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| FEBRUARY 24, 2006 |
- MOL to start second Vietnam/Hong Kong service
- NYK management reshuffle
- Crowley promotes Weist, Johnson
- Boeing selects New Breed Logistics for 787 assembly support
- AMP expands presence in Germany, Japan, Mexico
- Order Logistics acquires JAT Transportation
- Safefreight to link with Tectus
- Poda to head new service for Alliance Shippers
- DP World to "segregate" U.S. ports as it goes ahead with P&O takeover
- Florida stevedore, union want open competition for P&O terminals
- Americans hold key posts at Dubai Ports World
- Schumer seeks answers to port sale approval
- Port of Houston bolstering security contract
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| FEBRUARY 24, 2006 |
- Broström reports strong performance 2005
Göteborg-based Broström reports a SEK 720 million pre-tax result in 2005, more than double compared to 2004 when ...
- "M. Pioneer" crew leaves and flies home
The bulk carrier "M. Pioneer" has now left the port Fredericia and is anchored at the roads before leaving for ...
- One step closer to tonnage tax in Sweden
The Swedish tonnage-based tax system commission of inquiry has submitted its proposal to the Swedish government. The commission proposes ...
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| FEBRUARY 24, 2006 |
- Bullish crude leaves bunker markets quiet
Little US market activity today as crude rallying and buyers staying away.
- Open arb & reduced to supply to keep European fuel oil supported
Reduced supply from Russia and Asian demand for arbitrage cargoes expected to keep European fuel oil markets supported for the next two weeks, according to traders.
- PDVSA advises Carnival holidays
- Crude rallies after major Saudi oil scare
Foiled attack on Saudi Arabia's most important oil facility sends shivers through the market.
- Transbunker Group celebrates 15 years in oil and bunkers
Transbunker Group and key subsidiary Bunker Holdings have major ambitions in the European bunker market, with expansion set to continue.
- Rotterdam/Antwerp firmer in slow trade
- Singapore suppliers hold back on low-sulphur business
Market opportunities for low-sulphur fuel in Asia remains unclear and Singapore suppliers prefer to hold back.
- Work on Asian refineries lowers fuel supplies
Lower refining capacity to reduce fuel supplies and help lift margins.
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