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| JUNE 28, 2006 |
Shipping News
- Marine Electronic Highway project set to take off
THE long awaited Marine Electronic Highway project looks set to finally move into first gear following the signing of a US$6.86 million grant agreement between the Global Environment Facility /World Bank and the International Maritime Organisation .
- Chemical spill threatens Keppel Batangas yard
KEPPEL Batangas Shipyard is facing a potentially toxic chemical mishap after a barge loaded with 1,250 tonnes of highly toxic sulphuric acid sank while docked at its pier last Saturday.
- China Cosco to buy 8 ships
CHINA Cosco Holdings Co, owner of China's second-largest container shipping line, placed a US$516.8 million order for eight new cargo ships, as rising trade boosts demand for sea freight.
- MISC orders 4 tankers from STX
- Pirates shoot at master
Strait Talk
- Boxship blues
THE current slide towards significant overcapacity in the container shipping sector is of course a headache for liner shipping executives who may have been lulled into false optimism by the comparatively strong market over the past couple of years.
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| JUNE 28, 2006 |
- Coscon signs up for 8 newbuilds
- KCRC reverses track and wants to carry freight again
- Ecu-Line shares deal completed
- Port Klang signs MoU with Ecuador port
- Georgia Ports to spend US$82m on upgrades
- China Airlines seeks clearance for mainland cargo flights
- Volo de Brasil comes to Varig's rescue
- DHL forms alliance with Transmile to boost intra-Asia air services
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| JUNE 28, 2006 |
- SVCL invests Rs 10 cr. in Direct Logistics
- ELAA submits alternative liner conference rules to EC
- Demand for Suezmax tankers projected to rise
- Essar Shipping posts lower net
- OOCL named Container Line of Year
- Apparel exports can be doubled in 5 years, feels AEPC
- AB Ports meeting on July 18 to consider Goldman’s takeover bid
- TPT’s inner harbour project gets ‘green’ signal
- ECR unable to meet PPT’s demand of BOBR rakes for coal transport
- Finance Ministry prefers PPP route to fund dedicated rail freight corridor
- Punjab clears Reliance’s mega agricultural project
- After Golden Quadrilateral will come new 8-year highway project to link state capitals, metros-PM
- ... to launch development initiatives in South
- CII to conduct workshops on new quality training standard
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| JUNE 27, 2006 |
- New Birkart Globistics general manager
- Messina buys con-ro units
- China Southern increases trans-Pacific frequency
- New EWS London railfreight terminal up and running
- Sinotrans starts logistics services contract with Beifa Group
- Czech A-road truck toll postponed to July 2007
- DTC dispatchers and drivers always on-line
- SITL South China 2006 trade fair opening soon
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| JUNE 27, 2006 |
- Pirates shoot at master off Oman coast
- Sunken tanker disclassed
- Stolt tanker in collision
- Farstad in Saipem deal
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| JUNE 27, 2006 |
- Bush picks Sean Connaughton for Marad job
- Noble to build third F&G jackup
- Farstad orders construction vessel
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| JUNE 28, 2006 |
- Maersk shares slump on profits warning
DANISH shipping giant AP Moller-Maersk shocked investors yesterday with a profit warning after admitting that its container business was under-performing.
- Japan may go it alone with oil pollution fund
JAPAN is considering establishing its own marine oil pollution fund in a move which could have serious implications for the existing international regime, writes Tony Gray.
- Bumper Wallem valuation reflects ‘price of goodwill’
THE two investors that purchased Wallem earlier this year may have paid over US$85m for the Hong Kong shipmanager, it has now emerged.
- American Club spells out extent of deficit
LEADERS of the American P&I Club have spelt out the scale of the deficit that led to a ratings downgrade earlier in the year, while insisting that the finances of the mutual are robust thanks to strong cash flow.
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| JUNE 27, 2006 |
- Hit-and-run charge denied
CHINA Navigation has denied that one of its ships fled the scene after a collision with the People's Liberation Army patrol boat in the waters off Zhuhai last week
- Aus to re-start wheat exports to India
AWB has resolved quarantine issues on wheat exports to India, and will re-start shipments
- Four stowaways, two dead, in Miami-bound box
FOUR stowaways – two alive and two dead – were found in a container yesterday (26 June) aboard the Panamanian flagged Seaboard Trader, which was en route to Miami
- Baltic yard says book not as bad as it looks
ST Petersburg shipyard Baltic Plant claims it has a newbuild orderbook loaded until 2009 and that financials not as bad as they look, despite a steep drop in 2005 revenues
- International Shipholding leaves New Orleans
INTERNATIONAL Shipholding, founded in New Orleans and based there for 50 years, is moving to Mobile, Alabama, because of constraints remaining after Hurricane Katrina
- Icelandic owner heads for tropics
ICELANDIC shipping group Samskip has opened two offices in Brazil, its first in South America, aimed at the refrigerated fruit and vegetable trade
- Mercosur losing charm for Uruguay
- Safmarine vessel beached at East London
- Fesco blames fuel costs for profit collapse
- California port shut on terrorist threat
- ANZDL reincarnated as ANZL
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| JUNE 27, 2006 |
- Maersk cuts profit outlook for 2006
Parent of world's largest container line says profit will fall by 40 percent from $3.5 billion in 2005, revising earlier forecast of 10-15 percent drop.
- Cosco buying 8 boxships
- EU won't make new farm offer
- Panama Canal expansion plan goes to Assembly
- U.S. Lines names Australasia executives
- Stowaways die aboard Miami-bound ship
- CSXI eases July fuel fee
- Denver firm to develop North Carolina port
- Safmarine ship aground
- UPS Air Cargo hikes fuel charge
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| JUNE 27, 2006 |
- China shippers urge Macau to scrap surcharge
Shippers in the Greater China region agreed at the first Cross-Strait Shippers' Associations Meeting that the Macau Operation Charge is unfair in its nature and must be abolished.
- Jurong to make first investment in China
Jurong Port, Singapore’s second-largest container port operator, will soon be making its first major investment in China, according to a government official.
- Unions up the ante in Santos
- COSCON orders eight boxships
- Chennai feeder operators impose surcharge
- Houston in the market for electricity but cautious on shore power
- 'Smoke' rises over Petersburg bridge weight limits, but fire not yet visible
- Marseilles-Fos 2% ahead, after growth slows
- Politicians to stop shipping at St Petersburg
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| JUNE 27, 2006 |
- Connaughton nominated
The White House intends to nominate Sean Connaughton to head the US Maritime Administration (MarAd).
- Oman takes two with MOL
Ahmed bin Abdulnabi Macki-led Oman Shipping Co (OSC) is expanding with its first VLGC and an aframax products tanker.
- Reaching for Top shelf
Evangelos Pistiolis-led Top Tankers has put its shelf registration in play and sold $19.5m worth of fresh shares.
- AP Moller admits failure
Integration of P&O Nedlloyd combined with lower rates pummels Danish giant’s 2006 targets.
- Search for Moller heir begins
Musical chairs as group ushers in flatter management structure and initiates beauty parade of potential successors.
- Nepline eyes aframax
Malaysian owner Nepline Berhad sets aside $50m for acquisition of double-hulled tanker later in the year.
- Sales dent Essar profit
India’s Essar Shipping sees income drop as suezmax sales in the year decrease revenues.
- Bomb threat closes port
Californian reefer terminal disrupted after message to president found on NYK ship.
- ISH decamps to Alabama
Controversial issue of Mississippi River Gulf outlet, blamed for Katrina damage, forces owner out of New Orleans birthplace.
- Stowaways dead off US
Crew onboard Miami-bound vessel find two dead and two survivors in container from Dominican Republic.
- Stolt tanker sinks tug
Concern for diesel fuel onboard tug which sank in Mississippi River after collision with Stolt-Nielsen chemical tanker.
- Safmarine ship grounds
Power loss and strong winds push Safmarine Agulhas onto sandbank off East London in South Africa.
- A score!
Farstad Shipping places its twentieth newbuild contract with the Aker Group.
- COSCON opts for Jiangnan
Cosco Container Lines orders eight 5,100-teu containerships at domestic yard in $516m deal.
- PacBasin lands bulker
Pacific Basin forks out $32m for 52,000-dwt bulker from Magsaysay Lines of the Philippines.
- Bangladesh minister Hossain dies
"Massive cardiac arrest" claims life of Akbar Hossain (65), Bangladesh’s shipping minister.
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| JUNE 27, 2006 |
- U.S.-Mexico rail ferry will relocate to Mobile
- Asian antipiracy program given September start date
- Korean Air keeps international air freight top spot
- Denver chassis pool expands
- Con-way Freight-Central promotes Mathias
- Niche logistics providers still play important role, shippers say
- FedEx promotes U.S./France trade
- New USTR chief announces staff appointments
- TT Club switches regional management
- Southern California ports to release clean air plan
- Terrorist threat note shuts down Port of Hueneme
- Georgia Ports Authority outlines growth plans
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| JUNE 27, 2006 |
- Coastal Express "Fram" on Greenland cruises
The new cruise vessel being built by Fincantieri in Trieste for the Norwegian Coastal Express (Hurtigruten Group) and named "Fram ...
- Imperial sole owner of SOL
Navalmar Transportes Maritimos sells its share of Svenska Orient Linien to Imperial Shipping, which becomes the sole owner of SOL ...
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| JUNE 27, 2006 |
- New California port emissions plan signals historic cooperation
Los Angeles and Long Beach announcing 'hundreds of millions of dollars' to reduce pollution in a new joint effort.
- 'Unsatisfactory' Maersk result blames bunkers
Fuel costs fingered for contributing to revised profit forecast for shipping giant.
- Houston Port confirms emissions plans
Port authority studying new technologies and cleaner fuels, but on-road emissions will be first target.
- Association claims progress for Russian bunker market
Russian bunker association approves major principles for a code of ethics and establishment of supplier register.
- UAE: Oil boom requirement coming into force
Oil booms will be mandatory for bunkering and oil cargo operations in ports under the Sharjah Port Authority.
- Football fever interrupts play at Petrobras again
Brazilian bunker supplier's office takes a break during World Cup game.
- Rotterdam tracking higher crude
- Hong Kong to face tight supplies in July
Bunker supplies expected to be tight during the first half of July due to a drop in fuel oil cargo arrivals.
- Singapore bunker suppliers report tight avails
Congestion noted at the terminals while bunker demand subsides on firmer prices.
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