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| SEPTEMBER 28, 2006 |
Shipping News
- New standard for bunker fuel quality
A new standard for bunker fuel quality is being introduced as Singapore moves to safeguard its position as the world's leading port for ship refuelling, a trade valued at $7 billion a year.
- EU bans liner conferences with effect from Oct 2008
AS WIDELY expected, the European Union's Competitiveness Council has decided to repeal liner shipping's block exemption from anti-trust law.
- Keeping the bunkering hub status
THE 14th Singapore International Bunkering Conference opened yesterday. The Businees Times took the opportunity to seek the views of some key players within the industry.
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| SEPTEMBER 28, 2006 |
- STX Pan Ocean to launch JIX service
- IPBCC member lines to raise rates from November 1
- ELAA justifies calls for info exchange in post-conference world
- Northport on target for 2006 throughput goal
- ICTSI promotes three female executives
- Korean Air begins Guangzhou-Incheon service
- Guangzhou Baiyun Airport offers shippers `customs application in the air'
- OAG Cargo launches rates and schedules web site
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| SEPTEMBER 28, 2006 |
- Freight forwarders extol The Shanghai experience
- Schwarzenegger vetoes Bill to tax containers
- Seaways Shipping reiterates commitment
- Netherlands entices Indian companies with soft tax regime
- Exim Bank extends line of credit to Niger, Mauritius
- US jewellery market dimming
- Lanka cuts tariffs on Indian goods
- 10,000 tonnes sugar for EU
- Gujarat port projects draw big guns
- Match modern vehicles with improved roads-Baalu
- 62 pc jump in income- tax revenue in city
- Govt working on unified GST to replace indirect taxes
- CII seminar on hi-tech trade with US today
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| SEPTEMBER 27, 2006 |
- Hapag-Lloyd appoints new human relations executive
- Landmark decision to end exemption for liner shipping conferences
- Etihad courts the Big Apple
- MAN may offer more for Scania
- FedEx with higher revenue in Q1 2006
- Inland terminal conference in Duisburg, opens today
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| SEPTEMBER 27, 2006 |
- Shippers and lines in talks
- Greek owners warn on government inaction
- ITIC warns brokers
- EU bans liner conferences
- Conferences to carry on to bitter end
- Nordic American’s share offer
- Skaugen orders additional gas carrier
- New APL, Cosco, PIL Oz service
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| SEPTEMBER 27, 2006 |
- New steel for mega containerships
- Low speed diesel factory for China
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| SEPTEMBER 27, 2006 |
- TOTE celebrates 30 years of calling Port of Tacoma
- Vehicle height restriction rises as Sea-Tac International Airport
- Pair of Crowley employees receive company's highest honor
- Environmental Protection Agency eyes Seattle site for Superfund list
- Mitsui wins patent for car carrier design
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| SEPTEMBER 28, 2006 |
- Ladyman’s remarks leaves UK container ports plan in doubt
PROSPECTS for a planned distribution of future container ports around the UK have taken a knock, following comments from shipping minister Stephen Ladyman that seemingly reject the idea.
- Southampton to double box capacity
ASSOCIATED British Ports has drawn up plans to almost double container handling capacity at Southampton.
- Sovcomflot buys into LNG with ageing duo
RUSSIA’S Sovcomflot has confirmed it has acquired BG Group’s two oldest liquefied natural gas carriers, Methane Arctic and Methane Polar, both built by Swedish yard Kockums in 1969.
- Lloyd’s optimistic for a less stormy year
THE bill for Hurricane Katrina and last year’s other US windstorms has climbed to £3.5bn ($6.65bn) for Lloyd’s of London, leaving the premier world insurance market looking to emerge unscathed by major catastrophe claims this year.
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| SEPTEMBER 27, 2006 |
- ISM 'does not tackle human errors'
HAMBURG 27 September – The ISM Code does not adequately address the human factor, DNV Maritime Solution director Jan Erik Granholdt told guests today at an SMM presentation
- Hurtigruten signs credit facility
HURTIGRUTEN, the Norwegian coastal shipping company, has agreed a credit facility of up to NK3.30Bn ($508M) with its banks and chartered out three ships
- INTTRA widens carrier reach
SHIPPING e-commerce provider INTTRA’s new ‘Universal Carrier Access’ programme is being applauded by industry stakeholders following its launch earlier this month
- Migrant Watch – US/Caribbean
MIGRANT activity in the Caribbean has been unusually light over the past week, with only one interdiction in the Mona Passage
- Wärtsilä in 3-way engine venture
WÄRTSILÄ has entered into a joint venture with China Shipbuilding Industry Corp and Mitsubishi Heavy industries of Japan to build two-stroke engines in China
- China boom shows no sign of bust
CHINA'S international shipping trade is predicted to grow by at least 17-19% to reach 165Mteu by 2010, according to Nigel Gardiner, MD of Drewry Shipping Consultants
- Euronav bullish on strong first half
- Manila urged to help potential officers
- SpeedFerries secures second cat
- Trucks stopped over safety defects
- Master fined for hazardous navigation
- Forth Ports mulls Zeebrugge freight service
- Marshall Islands boosts Asian tonnage
- Singapore tightens bunker standards
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| SEPTEMBER 27, 2006 |
- Virginia ports cut cargo forecast
Virginia Port Authority cites consolidation among liners as it cuts growth forecast to four percent in fiscal 2007 from 7%.
- Bill would exempt Lakes traffic from Harbor Maintenance Tax
- Liners, shippers hold talks on European anti-trust changes
- AA rating for Virginia ports
- APL, Cosco, PIL offer China-Australia service
- Hickler to head DHL USA
- China WTO work remains: USCIB
- India reviews port bidding
- Found: One barge
- India integrator to spend $100M
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| SEPTEMBER 27, 2006 |
- Singamas says box prices to soften in Q4
Container prices are likely to fall to US$1,850/teu in Q4 as seasonal factors and steel prices affect the market, according to Hong Kong-listed box manufacturer Singamas.
- Virginia downgrades cargo forecast
Virginia Port Authority has downgraded its cargo forecast from 7% to 4% in the fiscal year, based on two slack months and recent mergers and acquisitions, particularly Maersk Line-P&O Nedlloyd.
- Short end of time-charter market gets short straw
- Kiwi butter doubts spread
- Concor plans box service to Bangladesh
- Auckland profits down but export share up
- Panama woos Suape for South American liaison
- Busan Port’s throughput up just 0.6%
- Wartsila R&D to accompany manufacture at Shanghai-based JV
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| SEPTEMBER 27, 2006 |
- Merging after all
New Orleans maritime law firm Terriberry Carroll & Yancey has been swallowed by neighbour Phelps Dunbar.
- Bribery in bulk?
Australian investigations into kickbacks to Saddam Hussein have turned an eye to the chartering desk.
- TEN lifts divvy
Tanker owner Tsakos Energy Navigation is raising its semiannual dividend to $1.25 per share.
- VLCCs for Kuwait
Kuwait Oil Tanker Co is getting ready to add four more VLCCs to its orderbook.
- Probo Koala arrested
Ship at centre of "toxic slops" scandal in the Ivory Coast arrested in Estonia as local prosecutors launch investigation.
- Prime denies arrest
The ship at the centre of a toxic dumping scandal at Abidjan has not been arrested in Estonia, says its operator.
- No room for error
Anglo Eastern’s Sunit Das says LNG crew recruitment must operate at the highest level because of unique safety risks.
- LNG? No thanks
Christian von Olderhausen disagrees with Jurgen Salamon over the prospects for gas.
- CTM lands major ore deal
Monaco-based bulker operator signs for three years with Qatar Steel Company.
- Norden pockets handymax profit
Danish owner to deliver Nord Phoenix to new owner in 2007, when it will book $14.6m after tax.
- IM Skaugen adds third
Norwegian owner’s joint venture Chinese yard to build another in series of 3,200-cbm LPG carriers.
- Plain sailing
Innovative "ship-kite" maker SkySails seeks more investment as fuel saving scheme begins to take off.
- FreeSeas builds war chest
Greek bulker owner to issue up to $22m in convertible notes to buy more handysizes.
- Braemar pursues former brokers
UK shipbroker to seek injunction against Andi Case and Julian Bynteson in row over move to rival Clarkson.
- NAT to notch more
Suezmax owner says third quarter earnings to rise, despite minor clash involving one of its ships in Brazil.
- Dolphin deal off
Norwegian owner Fred Olsen's sale of drilling rig scrapped after negotiations fail.
- Colregs couple fined
Turkish master and chief officer prosecuted in UK after potentially dangerous manoeuvre off Dover.
- "A severe gap"
Fincantieri sees a major mismatch between yard capacity and orders by 2010.
- Bharati boosts bottom line
Huge jump in first-quarter earnings for increasingly busy Indian shipyard.
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| SEPTEMBER 27, 2006 |
- ELAA expected EU decision on conferences, hopeful over proposals
- ESPMC-WITASS carriers lower bunker surcharge rates
- APL, COSCO, PIL to start China/Australia loop
- Danaos plans public stock offering
- MOL patents aerodynamic car carrier
- 7 airlines split $1 billion postal contract
- NWA Cargo, Cargolux to lower fuel surcharges
- FedEx gains ground in California discrimination case
- U.S. Customs prepares C-TPAT criteria for brokers
- ACE seminar scheduled in Arizona
- Marseilles-Fos' box volumes flat after eight months
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| SEPTEMBER 27, 2006 |
- Personality Award to Elisabeth Grieg
Wista Personality Award 2006 has at the Wista conference in Singapore been awarded to Elisabeth Grieg, part owner and CEO ...
- Maersk Tankers in huge fleet expansion
Maersk Tankers, the tanker division of the A.P. Møller-Mærsk Group, will expand significantly during the coming years. Presently, some ...
- Owners responsible for bankrupt liner company
Owners of a small Larvik-based container liner company have been held responsible for having run the operation long after ...
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| SEPTEMBER 27, 2006 |
- Bunker prices turn corner
Crude rising and US bunker markets responding with firmer prices after a week of falling numbers.
- SEACARD hits $100 million
Expansion still on the agenda for world-wide bunkers procurement system.
- SMP sees 'double-digit growth' in Chinese market
Shell wants to expand its presence to major Chinese ports.
- High viscosity bunker fuel arrives in Hong Kong
Sources say EMMF is ready to start new supply of 500 cst material.
- ExxonMobil unveils oil analysis enhancements
ExxonMobil announces a series of enhancements to its Signum Oil Analysis program.
- Cargo of fuel oil heads for Durban bunker market
Trader failed to place product in Singapore.
- Rotterdam still firm with barge delays
- WW: Environmentally sound shipping is a must
By using 1.5% sulphur bunker fuel, Wallenius Wilhelmsen has reduced sulphur dioxide emissions by 37% between 2001 and 2005, Lena Blomqvist tells SIBCON delegates.
- MCA endorsement for Marine Fuel Sulphur Record Book
Book helps owners to keep log of MARPOL Annex VI and EC sulphur directive compliance levels.
- Keynote speeches from ExxonMobil, Shell at SIBCON 2006
Speakers from ExxonMobil, Shell highlight importance of sustainable global energy usage and environmental concerns.
- New Singapore Standard for bunker suppliers
New standard supersedes Technical Reference on bunker supply chain.
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