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| MARCH 28, 2006 |
Shipping News
- OSM opens full technical management service centre
NORWEGIAN shipping specialist OSM Shipmanagement is banking on Singapore's growing position as an international shipping hub and the booming offshore market that is helping fuel it.
- Patrick rejects Toll's increased A$5.4b offer
PATRICK Corp, Australia's biggest port cargo handler, rejected Toll Holdings Ltd's increased A$5.4 billion bid as CEO Chris Corrigan seeks to build his own land transport business.
- Hutchison defends plan to scan US-bound ships
HONG Kong conglomerate Hutchison Whampoa Ltd has defended a plan to help scan US-bound cargo for terror threats at a port in the Bahamas where American customs agents will not be present, saying it's not feasible or practical for US officials to work in ports across the globe.
- Morgan Stanley to ship rare gasoline cargo
- Persian Gulf tanker rates may fall
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| MARCH 28, 2006 |
- Hutchison Port Holdings 2005 pre-tax profit up 14pc
- Paper gate slip arrangement at HK terminals to continue to May
- Cold chain China conference to be held in Shanghai
- NYK appoints Istanbul representative
- CIMC 2005 net profit up 11.73pc
- Hebei to invest US$917m on port infrastructure this year
- Suzhou's bonded logistics centre opens for business
- CNAC profit drops in 2005
- Nanjing to build air mail logistics centre
- SATS enters into cargo JV with China Aviation Qingdao
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| MARCH 28, 2006 |
- CKYH Alliance to upgrade PNW service
- IRA to implement rate restorations on Japan, Middle East trades
- Coscon launches Med-W. Africa service
- Evergreen to order 20 boxships over next decade
- Advance Container Line offers Vietnam-North Asia feeder service
- Westport sets cargo-handling record
- ECU service to Panama
- Hanjin to offer Singapore-Thailand feeder service
- ...adds new service calling Korea, Indonesia
- TUI’s shipping div. posts earnings of euro 279 m for 2005
- Cosco to double container capacity by end-2008
- OOCL newbuild to serve Asia-Europe trade
- Hutchison Port’s pre-tax profit up by 14 pc in 2005
- Maersk Line adjusts Israel-China BAF charge
- Cosco Pacific H2 net profit up by 6 pc
- Customs collections set to exceed revised estimate
- IMC meet on business prospects in Ras Al Khaimah FTZ
- Forex reserves swell by $ 2 bn
- Pak buys 50,000 tonnes of white sugar from India
- EU too wants FTAs with Asian nations
- Target Plus scheme to be crossed out
- Tea exporters hope to fill in vacuum left by Kenya in Pakistan
- Petronet may clinch long-term deal with Australia for LNG supply
- FTA with Gulf states by early 2007—Nath
- IT exports from Pune set to cross $ 2 bn in 2006-07
- $ 1 bn FDI inflow in March 2006
- Expert stresses need for more dry ports in Asia
- Ports urged to upgrade to receive mega boxships
- Direct berthing facility at Veraval port becomes operational
- CWC scouts S. Gujarat for box terminal site
- Allied ICD Services plans to set up state-of-the-art facility in W. Bengal
- Indian to introduce 5 more flights to Gulf sector
- CONCOR moves 1st export boxes from ICD-Nagpur to Birgunj
- Forex reserves up by $ 773 million to $ 1,43,921 million
- Reliance to set up 2 SBMs at Jamnagar
- Rs 1,000-cr. SEZ to come up in Amritsar
- Shell India plans to expand Hazira terminal
- Trade, farmers want separate chilli board
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| MARCH 27, 2006 |
- Fire-damaged Star Princess’s cruise cancelled
- Farstad orders 2 at Aker
- Braemar Seascope buys pollution specialist
- Master jailed in UK
- Eastern Car Carriers and FESCO in deal
- UK budget "did not kill ship leasing"
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| MARCH 27, 2006 |
- Grounded cruise vessel re-floated on Columbia River
- Port of Bellingham schedules marina project open house
- Oldest Coast Guard cutter makes stop in Seattle
- Port of Seattle taps Olmstead as top firefighter for 2005
- First Central American port joins Customs' CSI program
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| MARCH 28, 2006 |
- International consortium hatches £2bn bid for AB Ports
A bid for Associated British Ports worth more than £2bn ($3.4bn) is being hatched by a consortium of powerful investment groups in a development which could reduce the UK’s quoted ports sector to one major company.
- Simon Group open to takeover offers says finance director
REVIVED British port operator Simon Group yesterday did not rule out that its back-in-profit business could be next in line in the sector’s great British sale frenzy, writes Jerry Frank.
- Massive cargo loss in prospect as Hyundai Fortune blaze takes toll
INSURANCE costs are mounting across the board as the full impact of the Hyundai Fortune blaze becomes clearer.
- Princess to assess fallout from fire
Princess Cruises’ Star Princess arrived in Grand Bahama shipyard in Freeport yesterday for initial repair work following a fire last week in which one passenger died and a number of others were injured, writes Sandra Speares .
- Aker bid gains Brussels’ approval
AKER Yards, Europe’s largest shipbuilder, has secured European Union antitrust approval to buy the shipbuilding unit of France’s Alstom, Bloomberg reports.
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| MARCH 27, 2006 |
- Queen of the North: questions remain
MECHANICAL failure has been ruled out as the cause of the grounding that sank the BC ferry Queen of the North off the coast of British Columbia on 22 March
- Sternwheeler comes unstuck
TWO hundred and sixty passengers got a second bite of the cruise cherry when their sternwheeler vessel ran aground on Friday and they were transferred to a sister ship
- Market pulls plug on Sea Containers
SEA Containers shares plunged in value on Friday after an announcement on asset write-downs led to a breach of some loan covenants
- Spanish firms eye Canal alternative
SPANISH companies are newly assessing Mexican plans to create a giant new transport corridor that would challenge the shipping hegemony of the Panama Canal
- C&S service in jeopardy
THE palletised reefer shipping service operated by C&S Shipping Agency between Queensland and the US looks likely to be suspended
- SNCM ready to fight back
SNCM director Bruno Vergobbi has thrown down the gauntlet to CMN (La Méridionale) over the latter's refusal to honour a bilateral co-operation deal
- Congressman focuses on MSP ownership
- Philippines acts on ferry smoking
- Malacca collision spill 'minimal'
- Cortes leads Central America into CSI
- Patrick rejects Toll's latest offer
- Singapore behind ABP takeover bid
- Dock worker killed in box mishap
- Hyundai Fortune fire contained
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| MARCH 27, 2006 |
- Port of Tacoma TEUs lead region
Hub regained the lead in total volume in the Pacific Northwest by a small margin over the Port of Seattle in Janaury and February.
- Goldman Sachs could buy Britain's ABP
- Impressive Feb. gains for Port of Virgina
- Georgia ports set ambitious rail expansion
- ACL signs Va. ports pact
- Gallwey new COO for Port of New Orleans
- Port Everglades accident claims longshoreman
- Line preps India-China service
- Patrick rejects new Toll bid
- Björk.Eklund in Baltic buy
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| MARCH 27, 2006 |
- Panama invites terminal bidders to design their own project
Panama’s government has opted to allow potential bidders determine the size of its ‘megaport’ project close to the Pacific entrance to the Canal.
- Inchon/Busan cabotage decline ends service
The only coastal container service from Inchon to Busan will close when Hanjin shipping withdraws its three vessels by the second half of this year.
- Indian rail rate increases likely to be passed down the line
- Indonesian textile manufacturers seek protection from rising tide of Chinese imports
- Discontent on Betuwe decision still rumbling
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| MARCH 27, 2006 |
- Great Eastern goes long-range
Expanding Indian owner adds to STX orderbook with deal for two LR1 tankers.
- Eimskip on the up
Parent group Avion expects better 2006 from Icelandic boxship player after first quarter profit.
- Bush to pull Sanborn
TradeWinds has learned that president George W Bush will withdraw the nomination of David Sanborn as new head of MarAd.
- WW in dark over Glovis raid
Norwegian owner Wilhelmsen spotted no irregularities at 20%-owned car logistics firm raided by Korean prosecutors.
- ABP flavour of the week
Associated British Ports is on this week's menu. What is causing the clamour for control of British ports companies?
- One step away from default
Sea Containers gets second ratings cut in six weeks after $500m charges revealed.
- 'Overtaking boxship' sank Sa bulker
Smit Salvage vessels and an oily sheen mark the spot near Singapore where New York-based Stanships' California went down Friday
- Simon says profit up
UK ports operator Simon Group manages a tidy profit in 2005 but some business lines under perform.
- Todd unveils windfall payout
Shareholders will get $22m between them, plus a hike in the regular dividend.
- Sydfynske slips
Danish islands ferry subsidiary of Scandlines sees profit drop in 2005, despite revenue rise.
- Shipowners rush to first CNG tender
Mitsui, Exmar, Knutsen OAS, MISC among the parties ready to bid for Gail's compressed natural gas carrier.
- Hyundai’s heavy tax bill
Korean shipbuilder Hyundai Heavy Industries will appeal against a hefty revised tax bill.
- HSH targets Asia
German lender poaches DVB banker to create new Asian shipping unit.
- Farstad orders for charter
Norwegian owner contracts supply ship newbuilding at Aker Yards for Norsk Hydro work, plus anchor-handler.
- Patrick bowls Toll bid
Australian transport and logistics company Toll Holdings left stumped by board of Patrick Corp.
- Empress refloated
Salvors pull American West Steamboat cruiseship off sandbank in Columbia River on US west coast.
- Aboitiz counts the cost
The Philippines’ biggest ferry owner hit by higher fuel bills in 2005.
- Singapore turns to ABP
After failing to buy one UK port operator, Singapore is looking to buy Associated British Ports.
- Bulker sinks off Malaysia
Crew safe after collision with containership in Malacca Strait.
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| MARCH 27, 2006 |
- Wallenius Ship Management pays $6.5 million in pollution plea bargain
- CMA CGM, China Shipping to start China/Los Angeles shuttle
- FESCO charter will expand services
- U.S. Navy destroyer collides with merchant ship off Iraq
- FMC to hold closed meeting Wednesday
- FedEx Express gets bigger share of U.S. China air market
- Driver error leading cause of truck crashes, study says
- EZE Trucking picks ARGO Tracker technology
- Ex Works going national with forwarder-trucker technology
- First Central America port added to CSI program
- Longshoreman dies in Port Everglades accident
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| MARCH 27, 2006 |
- Mitsui eyes Gdansk Shipyard
The Japanese shipyard group Mitsui is considers to buy a large part of the shares in Gdansk shipyard, and at ...
- First Stena ropax on schedule from Fosen
Stena RoRo will have the first ro-pax vessel delivered from Fosen Mek Verksteder om July 12th according to the ...
- Sea Containers withdraws from ferry business
On March 20 the Board of Directors of Sea Containers decided to that the company will completely withdraw from the ...
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| MARCH 27, 2006 |
- Prince Rupert: Oil spill response vessels tackling spill
Environmentalists and coastguard hopeful of little environmental impact.
- UK project to study marine use of biofuels
Trials to determine if fish and chip fat can be turned into low-cost, green fuels for the fishing industry.
- Carnival upbeat despite bunker-related profit loss
63% rise in bunker prices hurt Q1 result, but rest of 2006 expected to see less dramatic year-on-year fuel price gains.
- Rotterdam starts the week quietly
- Wallenius: Disgust over crew member’s pollution offences
Green shipping champion Wallenius Lines has said the company is "disgusted" with the behaviour of the chief engineer of its vessel Atlantic Breeze after a US prosecution led to as guilty verdict.
- Hong Kong: Slight tightness of 380 cst anticipated in April
Bunker prices are also currently competitive as compared to Taiwanese and South Korean ports.
- Singapore: Oil majors buy strongly into 180 cst swaps
BP and Shell have continued to buy considerable volumes of 180 cst bunker fuel oil swaps.
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