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| MAY 29, 2006 |
- 'K' Line's ITS seals new lease agreement with Long Beach
- Growing Nansha seeks more overseas business
- Weaker than expected debut for Tianjin shares
- ICTSI Q1 net income up 41pc
- Anhui builds new waterways
- Lufthansa Cargo says it's business as usual at Istanbul airport despite fire
- UA plans non-stop service to Kuwait
- BA cargo volumes up 2.1pc in Q4
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| MAY 29, 2006 |
- Gateway Maritime enters third year of successful operations in India
- Spectacular increase in cotton exports envisaged this season
- Exports roll off to heartening 27 pc growth in 1st month of 2006-07
- Move to lift pre-import curbs on GM foods and soya oil
- India, EU launch euro 13.35-m TIDP to enhance bilateral trade
- Pak Minister sees immense potential for trade boost with India
- m.v. Zim Mumbai makes maiden call at Tuticorin Port as part of IDX service
- Major Ports’ workers to get 20 pc bonus w.e.f. 2002-03
- Hubli-Ankola rly line to open up immense cargo potential for Karwar port
- Logistics players to include fuel-cost escalation clause in service pacts
- SEZs entailing Rs 58,000 cr. investments may be cleared in June
- Singapore may invest $ 1 bn in SEZ
- Rastogi panel to analyse & bring out comprehensive circular on service tax soon
- Gati in consolidation mode
- Hungarian envoy to speak at IMC
- Pakistan, India vow to build gas pipeline
- WCA’s Sino International Freight Forwarders’ Conference drawing tremendous response
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| MAY 26, 2006 |
- Drillship orderer to be acquired
- Fred Olsen Cruises buys Norwegian Crown
- IMO moves on balcony fire risks
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| MAY 26, 2006 |
- Portland Coast Guard cutter wins Golden Swivel Award
- Demolition crew brings down towers on Bellingham central waterfront
- Flotilla meets in Seattle to honor D-Day anniversary
- Explosives detection devices coming to Portland Airport
- US rail freight traffic has positive week on all fronts
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| MAY 26, 2006 |
- Search on for cement carrier crew
SPANISH maritime safety authority Salvamento Maritimo is searching for two missing crew members of the Panama-flagged cement carrier Portland, which sank this morning in waters between the Canary Islands of Tenerife and Gran Canaria
- Ras Laffan yard to be ready by 2009
RAS Laffan ship repair facility in Qatar is now expected to be operational in 2009
- NCL offloads Crown to Fred Olsen
STAR Cruises has confirmed that Fred Olsen will purchase the Norwegian Crown, but the 34,242-gt ship will remain with Norwegian Cruise Line until late 2007
- Post-DP World cost will be marginal
INCREASED focus on security by both US Congress and the Bush administration in the wake of the DP World controversy is not expected to hit shipping costs too hard
- Viking board sets dividend policy
VIKING line directors have agreed a dividend policy by which 40% of the profit generated from its business will be paid to shareholders
- Frontline renews consolidation push
FRONTLINE, the world’s largest tanker company, has renewed its nine-year strategic goal of encouraging consolidation of the tanker industry
- PST units trade heavily on debut
- Keppel yard fined for repair deaths
- Pacific King postpones IPO
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| MAY 26, 2006 |
- Increase for April truck tonnage
The American Trucking Associations' index increased 2 percent in April, following a 2.9 percent drop in March.
- DP World sets new management for P&O
- Nations simulate Asia naval security emergency
- PierPass diverts 2 million truck moves in S. Calif.
- British Airways drops freighter
- Insurer TT Club offers storm-loss guide
- ILA: No plans to re-open contract
- Inttra taps Malaysia rep
- Former Matson Navigation executive Kelley dies
- DHL opens India center
- UTi gets Fuji logistics
- Major UK leases by ProLogis
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| MAY 26, 2006 |
- Shipping trusts are the new vogue?
More shipping lines have expressed an interest in sponsoring a shipping trust, following the launch of the Singapore’s Pacific Shipping Trust said financial adviser, underwriter and bookrunner, DBS Equity.
- Sympathy strike could cost SA economy dear
South Africa's ports and railways, still reeling from recent industrial action, could face more disruption next week as unions plan a one-day strike in sympathy with the security guard strikers.
- Boxes stack up in Santos, with new 48-hr strike to come
- Indonesian shipping agents urge government revision of permits
- Investors show intense interest in Pacific Shipping Trust
- China Shipping looks to East Asia and Middle East
- Dialogue could bring rewards for Korean shippers and carriers
- Leaner, 'cleaner' ABP faces potential bid without US ports business
- Surf's up in California, as tide of emissions measures rolls in
- Marubeni confirm interest in Ust Luga projects, including box-terminal
- North Korea cancels cross-border train trial
- Santos: Customs join nationwide strike for 24 hours
- Dongnama to offer more China services
- Stevedoring group to reorganise terminals at Novorossiisk
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| MAY 26, 2006 |
- Grindrod's Clark retires
Veteran of South African shipowner to step down at the end of the year with Unicorn’s Alan Olivier as replacement.
- SFL steady
Ship Finance International holds $0.50 dividend while notching up earnings year over year.
- Zim sets scrap record
Israeli owner's Blue Sky fetches highest ever demolition price for a bulker from Bangladeshi buyers.
- MMM wins coal deal
Malaysian owner reportedly clinches three-year bulker contract with Tenaga Nasional.
- Frontline feels the pinch
Higher costs and lower daily earnings cut first quarter profits for Norwegian tanker giant, but markets improved from fourth quarter.
- Attica slips on fuel costs
High bunker prices and reduced volumes lead Attica Holdings of Greece to another quarterly loss.
- Bangladesh eyes deep-sea port
Bangladesh sets funds aside for new deep-sea port to increase trade with neighbours.
- Grand Alliance chops Rotterdam
Boxship group avoids potential delays at Dutch terminal by switching calls to Amsterdam.
- Shreyas thinks big
Indian boxship line upgrades Pakistan service while eyeing runs to Bangladesh, Myanmar, Singapore and Dubai.
- Cochin bags biggie
Indian yard says upgrade of ONGC jack-up rig is country’s biggest ever such deal.
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| MAY 26, 2006 |
- DHS: Combo container scanner not ready for prime time
- Sunken barge slows vessel traffic in Mobile
- BNSF moving ahead with Kansas City area intermodal/logistics hub
- DHS: Combo container scanner not ready for prime time
- U.S., Switzerland enter trade cooperation agreement
- California avocados begin entering Mexico
- Aussie investor buys Eurinpro real estate firm
- FKI Logistex promotes Clark
- PierPass surpasses 2-million-truck mark
- Wheeler to oversee Georgia ports’ trade development
- Port of Pensacola steps up director search
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| MAY 26, 2006 |
- Mombasa port to become regional oil spill response centre
Port to spend almost $700,000 to upgrade oil spill response equipment and invest in training.
- Market analyst takes a shine to WFS
Volatile markets seems to benefit World Fuel Services, analyst notes.
- Reduced inventory levels continue to pressure lubes market
"Sudden changes in lifting patterns or overlifting, even by a few customers, can create temporary localized pressures that may affect the supply chain network," says Jill Nguyen of BP Marine Lubricants.
- Less than lofty Q1 result for Attica
Another loss-making Q1 for Greek ferry operator as fuel costs rise by 65% from a year earlier.
- Baltic refinery deal set to go ahead
Yukos free to sign deal in the Netherlands to sell its majority stake in Lithuanian refinery to Polish buyer after US court decision.
- Quiet Friday morning in Rotterdam bunker market
- South Korea: Demand strong amid good avails and competitive pricing
Good demand noted while bunker prices expected to firm.
- Sudan receives invitation to join OPEC
Sudan president will study the invitation and consider membership offer.
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