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| JANUARY 30, 2006 |
- Uniworld Logistics organises global sales meet
- Tighter environmental laws may jeopardise shipbreaking industry’s future
- Seven Seas Shipping commences operations from Mumbai office
- Indian freight forwarders stand to gain
- HC nod for demerger of GE Shipping’s offshore business
- SCI net profit put at Rs 268.05 cr. in Q3
- Probe begins into Chinese penicillin-G imports
- Export schemes found WTO-compatible may continue
- Probe into tyre dumping by China, Thailand begun
- We’re not party to P&O takeover bid, assures Hutchison Port Holdings MD
- Major Ports in a different ball game!
- EoIs invited for Paradip Port-Haridaspur rail project
- Railway Ministry considering forming 7 SPVs to finance port-linked projects
- PRCL seeks Ministry’s permission to transport containerised freight
- Govt seeks industry’s views on ‘sensitive list’
- Study sees India’s PPP equalling Japan
- IL&FS joins SPV to establish Mangalore SEZ
- Pakistan’s Industry Ministry recommends MFN status to India
- India, Saudi Arabia sign 4 trade agreements
- Tax exemption list to be pruned
- Fieo to hold meet on Sec. 80HHC on Feb. 1
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| JANUARY 27, 2006 |
- Port of Rotterdam Authority appoints financial director
- Another record year for Eurogate
- Alitalia to take over Volare
- NYK launches new inland intermodal services to and from Amsterdam
- FedEx Express buys express company DTW in China
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| JANUARY 28, 2006 |
- Ballast water warning
- MARPOL clampdown
- Dubai Maritime City site 60% complete
- Cunard refunds QM2 passengers
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| JANUARY 28, 2006 |
- Vietnam sets $1 billion shipbuilding target
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| JANUARY 27, 2006 |
- Transpacific Stabilization Agreement plans to revamp fuel surcharge system
- Rail freight traffic sees positive week
- Shortsea shipping conference set for April in Vancouver, BC
- New Panama Canal scheme will increase vessel traffic
- Horizon Lines schedules common stock dividend
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| JANUARY 30, 2006 |
- PSA’s next move a ‘hard-headed business decision’
PSA IS assessing how to respond to DP World’s offer for P&O, Prime Minister Lee Hsien Loong said Sunday.
- Conservatives attack Panama and Liberia over oil spill funds
BRITAIN’S opposition Conservative Party has launched an attack on flags of convenience, repeatedly branding Liberia and Panama as “nothing more than freeloaders” on new oil spill compensation arrangements.
- P&O shares go into orbit as Dubai lifts stakes in takeover battle even higher
THE stakes in the battle for control of P&O have been raised to a level undreamt of a few months ago following Dubai Ports World’s agreed £3.9bn ($7.4bn) counter-bid for the British ports and ferries group.
- Coscon borrows for boxships
COSCO Container Lines (Coscon) is arranging a $466m loan through a consortium of banks to finance the acquisition of eight boxships, writes Keith Wallis in Hong Kong.
- Onassis heir comes of age
ATHINA Roussel’s fight for presidency of the billion-dollar Onassis Foundation took a step forward yesterday when the granddaughter of Aristotle Onassis turned 21, writes Justin Stares in Brussels.
- Cunard offers QM2 cruise chaos payoff
Cunard has agreed to a total refund for passengers affected by the need to cancel three port calls on a Queen Mary 2 South American cruise following pressure from disgruntled passengers .
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| JANUARY 27, 2006 |
- CMB profit falls as market softens
CMB, the Belgian bulk shipping group, has reported a fall in pre-tax profit to €184.7M ($221.6M) for 2005 from €310.4M in 2004 as a result of lower freight rates
- 'Uncharted territory' for P&O bid
SHARES in P&O rose to more thgan 540p today, in response to yesterday evening's 520p offer from DP World
- NITC revenue slips by 21%
NATIONAL Iranian Tanker Co is warning that it will post revenue of about $300M in the 2005-06 financial year, well short of the previous year's $380M
- NorthLink ships slammed by report
SHIPS deployed on the NorthLink ferry service have been described as “inefficient and environmentally unfriendly” in a report from an academic
- König rethinks Great Western funding
GERMAN KG house König & Cie has offered its investors to withdraw from two shipping funds after the collapse of US liner company Great Western Steamship
- Spanish car exports slip by 10%
- TSA lines move to monthly fuel adjustment
- Canal adds new tie-up station
- Port of Spain: congestion surcharge
- Maritrans sets up victims' fund
- India tackles harbour water pollution
- Cunard to refund angry passengers
- Pacific Basin slides after resignation
- Dubai ups bid for P&O
- Frontline's inside job on Genmar
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| JANUARY 27, 2006 |
- TSA plans monthly fuel charges
Trans-Pacific lines will shift from quarterly to monthly adjusted fuel surcharges in an effort to track market conditions more closely.
- WTO avoids tariff issues
- Customs preps scrutiny of wood packaging Feb. 1
- New volume mark for South Carolina ports
- Boxes gain at Vancouver
- Tie-up station to expand Panama Canal capacity
- U.S.-Korea trade talks near
- DP World counterbid for P&O
- Hapag-Lloyd, Zim in Med-U.S. slot exchange
- YRCW profit climbs
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| JANUARY 27, 2006 |
- Updated: Rapid response swings P&O pendulum back towards Emirates
DP World has responded immediately to PSA International’s 470p (US$8.36) offer accepted yesterday by P&O Group with a counter-bid that values the company at a stunning £3.92bn (US$7.0bn).
- Transfracht staff make short stop
- MSC to upgrade New Orient Transpacific Service
- Polish ports get through ice emergency after warm glow from 2005 growth
- Railways improve services to Port of Vancouver
- Indian Railways to run double-stack containers from next quarter
- Bank Line revamps ships and adds new calls
- Russia’s NCC cede president to up-and-coming Ust-Luga
- Pirates arrested on Safmarine ship
- Hutchison’s staff to enter board of Huizhou Port
- Bax Global integration prompts DB Logistics restructuring
- Port Otago adds one more ship-to-shore gantry
- CSCL GM promoted to vice chairman
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| JANUARY 27, 2006 |
- ‘Will they put up a fight?’
The surviving playwright behind the musical Grease is suing the world’s cruise lines for $50m.
- Passengers 1, Cunard 0
Passengers now on the Queen Mary 2 have succeeded in their demand of a full refund for their botched cruise.
- Doane dons triple crown
Alexander & Baldwin president and chief executive Allen Doane is set to become chairman of the board as well.
- Oil discharge clamp-down
Paris MOU targets illegal by-passes and disposal in concerted three-month campaign.
- ISC nets $7m in 2005
International Shipholding Corp's Erik F Johnsen expects only a slight Katrina effect to hang over into the present quarter.
- Asbestos claims not payable
Fight for right to compensation for pleural plaques to continue despite victory for insurers in appeal court.
- Kherson auction result stands
Winning bidder Euroresource will be allowed to keep control of Ukrainian shipyard.
- Azuma sets IPO course
Japanese shipping and logistics group set for rare Tokyo stock exchange debut.
- P&O shares soar
As stock market value of UK ports group reaches $7.25bn investors await a new bid in the Dubai v Singapore takeover battle.
- Seadrill to take Mosvold seats
John Fredriksen’s expanding offshore company is set to make its influence felt on rival board.
- SCI on the up again
Shri Hajara's operation reverses profit slip of previous quarter.
- Russians circle Laivite
Lithuanian shiprepair yard looks likely to be sold off.
- MMM starts year with a loss
Expansion-minded Malaysian tanker owner goes from black to red.
- Hyundai orders slump in December
Contracts for the world's largest shipbuilder could slip below historic average in 2006.
- ABG pulls in tug trio
Indian shipyard follows Finnish bulker order with anchor-handler contract for UAE group Lamnalco.
- DP World trumps PSA
Dubai port operator offers 520 pence per share in counter to PSA's 470 pence approach.
- NOL beats Singapore Airlines
Singapore boxship company overtakes nation’s airline as biggest overseas revenue earner.
- RCCL’s Turkey deal under threat
Turkey could scrap sale of Istanbul cruise port to consortium including US owner.
- Arlington turns it around
Improved freight rates help to lift fourth quarter figures at New York-listed Stena tanker spin-off.
- ISC slips to a loss
Impact of hurricanes and lack of tax breaks sends International Shipholding Corp into the red.
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| JANUARY 27, 2006 |
- TSA to begin calculating fuel surcharges monthly
- OOCL's 4th-quarter revenue up 2.2%
- Hapag-Lloyd, Zim to swap space in U.S./Med trade
- WITASS to raise Trinidad congestion surcharge
- Grimaldi joint venture to start Civitavecchia/Bastia service
- Denmark sets up shared pilotage group
- Record global volume boosts UPS' 4th quarter profits 21%
- LAN Peru to start direct Los Angeles/Sao Paulo flights
- LAN Cargo names new CEO
- North American Airlines names Wehrenberg COO
- Norfolk Southern profits up 37% in 4th-quarter
- CN, CPR to work together at Port of Vancouver
- Zollars agrees to new five-year deal with YRC
- Gen. Krulak joins UP board
- EU urged to crack down on fakes
- CORRECTION: SHIPEX contracts for IES trade operations software
- DP World counters with $7 billion P&O offer
- Record year at Port of Vancouver has chief eyeing growth
- Allen nominated as Port Everglades director
- Maher Terminals orders cranes for Prince Rupert facility
- New tie-up increases Panama Canal capacity
- Port of Tacoma Commission names Bacon president
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| JANUARY 27, 2006 |
- New Sundbusses to Danish flag
The new Sundbusserne passenger vessels currently under construction in Gdansk will fly the Danish flag, when delivered in 2007. The ...
- Penalty paragraph threath to safety in Gotland traffic
The Swedish National Public Transport Agency has in its model agreement for the state subsidised ferry traffic between the Swedish ...
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| JANUARY 27, 2006 |
- Crude surges, bunker prices follow
Oil prices bouncing back today with US bunkers also rising, but 'already at the top of the market'.
- Low-sulphur fuel available, supplier tells port
Chemoil allaying Port of LA concerns saying that 1.5% low-sulphur can be supplied on a 'consistent basis'.
- Gothenburg bunker conference to focus on SECAs
The 27th International Bunker Conference will be focusing firmly on the consequences of impending SECAs.
- Chemoil boss: Bunker fuels will drive Asian fuel oil market
Chemoil's Chief Executive, Robert Chandran, has said that the Asian fuel oil market will be driven by demand for bunker fuels.
- Switzerland: Bunker broker/trader on the move
- MES reports keen interest in upgraded scrubber
MES expects to be signing deals for its upgraded EcoSilencer® soon as owners face imminent SECA.
- Rotterdam market firm at midday
- Annual awards for Russian bunker suppliers
Russian Bunker Association to establish national professional awards for the country's bunker suppliers.
- Germany agrees to broaden bunker tax law
The German government will broaden its bunker taxation rules for commercial shipping later this year.
- High bunker prices shave profits
Rising fuel and other costs eating into Hyundai Merchant Marine's 2005 profits.
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