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Shipping News

Slow pace of development worsens port congestion
Congestion in the world's main container hubs - a result of surging China exports - is likely to be a nagging problem for a number of years as costly port development struggles to keep up with trade and shipping industry growth, say analysts.
Evergreen H1 profit surges 20-fold
EVERGREEN Marine Corp, the world's third-largest shipping line, posted strong quarterly earnings thanks to robust exports and freight rates, which it expects to remain high.
Maersk expects rates to soar
A P Moller-Maersk, the world's largest shipping company, said demand for container vessels will probably rise in the next 12 months, boosting freight rates as growth in shipments from Asia outstrips available space.
British Ports plans to invest 400m in new UK facilities

Strait Talk

EC policy adding to global warming?
THOSE representing the international shipping industry internationally on environmental issues and, particularly, those who have had to deal with the European Commission have had a rough ride in recent years.

web site

Shipping News

Slow pace of development worsens port congestion
Congestion in the world's main container hubs - a result of surging China exports - is likely to be a nagging problem for a number of years as costly port development struggles to keep up with trade and shipping industry growth, say analysts.
Evergreen H1 profit surges 20-fold
EVERGREEN Marine Corp, the world's third-largest shipping line, posted strong quarterly earnings thanks to robust exports and freight rates, which it expects to remain high.
Maersk expects rates to soar
A P Moller-Maersk, the world's largest shipping company, said demand for container vessels will probably rise in the next 12 months, boosting freight rates as growth in shipments from Asia outstrips available space.
British Ports plans to invest 400m in new UK facilities

Strait Talk

EC policy adding to global warming?
THOSE representing the international shipping industry internationally on environmental issues and, particularly, those who have had to deal with the European Commission have had a rough ride in recent years.

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HK, Guangzhou forum discusses trade and investment issues Logistics companies on mainland encouraged to list IES new products to enhance operations US railroads chug towards solution to gridlock Jamaican port experiences record growth Kawasaki Heavy awarded China rail contract Hainan Airlines profitable again Alitalia to slash 7,000 jobs as bankruptcy looms Alaska Airlines to reorganise management

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GAC names new Group Vice-President for HR & MDs for India & Indonesia Businessmen invited to IMC-WTC trade meet at Suwon in Korea from Sept. 22 to 24 NMDC's iron ore exports touch 34 pc of output NFTP both refreshing & challenging, says Fieo Curbs on import of 41 tariff lines removed Tirupur knitwear exporters all dressed up for post-quota party EU allows duty-free basmati imports FTA with Thailand comes into force Exim Bank sanctions $ 16-m line of credit to Suriname JAFZA keen to set up SEZ in India Work on Gangavaram port project to begin soon IDFC to provide Rs 115 cr. for Kakinada port project Haldia Dock Complex handles 14 m tonnes of traffic during April-August, zeroes in on fiscal target ...plans multi-purpose berth DGFT sees need to upgrade infrastructure on priority basis A.F. Ferguson to prepare export strategy paper for EEPC Simplified norms to cut transaction costs Handloom sector to get special funds for export promotion EMI seminar-cum-workshop to analyse NFTP on Sept. 4

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SEPTEMBER 1, 2004
Oil rallies after sharp fall in US crude stocks Crude prices surge after unexpectedly sharp draw in US stocks, although key products show healthy builds. Fujairah stable as cargo gain stalls bearish trend South Korean avails return to normal Bunkering back to normal after latest typhoon and rise in buying interest reported. DNVPS chief slams 'unfair and unethical' suppliers DNV Petroleum Services managing director on offensive in response to customers being driven away by suppliers refusing to use testing agency's surveyors. Oil rebounds ahead of weekly US inventory reports As crude rebounds, analysts say crude is well supported around current levels following period of bearish price movement through late August. USGC-Singapore arbitrage window swings open Oil giants BP and PDVSA among cargo traders seeking to take advantage of favourable arbitrage window between USGC and Singapore.

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SEPTEMBER 1, 2004
WhereNet automates vehicle tracking and management EU organises Marco Polo information day U-Freight on the move in Beijing USA: Rail intermodal loadings on the rise Singapore Airlines flies direct to Cape Town Unions call for mass action in Rotterdam on 20 September Menzies Aviation appoints Fordree as general manager

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SEPTEMBER 1, 2004
Clarksons' profit boost Skaugen gas ship charter rate soars Panama Canal rethinking box charges K Line's 2nd Cheniere charter Golar LNG reports strong first half

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SEPTEMBER 1, 2004
Kvaerner Philadelphia breaks even MSC contract for GD unit Horizon Offshore appoints restructuring officer

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SEPTEMBER 1, 2004
Federal money will extend Bremerton Airport runway Willamette Falls Locks closing for three days next week Customs officials discover woman hiding in shipping crate Panama Canal Authority eyes new measurement scheme Tacoma Port Report program back on cable television

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European lines offer to end collective pricing IN A dramatic move that will confound many critics, the world's top container shipping lines are offering to end collective pricing. The proposal, if adopted, would effectively mark the death of the conference system that has formed the backbone of the liner trades since the 1870s. Brussels delays Erika 3 package BRUSSELS' new package of maritime safety legislation is unlikely to see the light of day until the year end at the earliest, according to the chairman of the European Union council of transport ministers. ABP stokes '45m coal terminal ASSOCIATED British Ports has triggered an investment in a new '45m ($81m) coal terminal on the Humber as the UK's largest port operator embarks on a '400m spending programme over the next decade, writes Tony Gray. Engineer arrested after grounding A UKRAINIAN chief engineer was last night in the custody of Strathclyde police after an alleged breach of merchant shipping legislation following the grounding of a coaster yesterday, writes David Osler.

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SEPTEMBER 1, 2004
Clarksons achieves record profits CLARKSONS, the UK-based shipping services group, has reported record pre-tax half year profits as a result of strong freight, newbuilding and secondhand markets Ceres returns to Jacksonville CERES Marine Terminals will develop a car terminal at the Port of Jacksonville, in the US, under a five-year operating and lease agreement with the Port Authority Scholten: vd Nieuwenhuyzen explains DUTCH entrepreneur Joep van den Nieuwenhuyzen has come out fighting following allegations that he was responsible for the downfall of Rotterdam port's chief exec ABP focus shifts to Humber UK port operator Associated British Ports has shifted its focus from Dibden Bay to the Humber, where it has announced a major coal import terminal development WTO authorises sanctions against US WORLD Trade Organization officials gave permission yesterday for the European Union, Japan and Brazil to impose tariffs on US imports Comments sought on LNG facilities First suit against Superferry 14 Wärtsilä clarification Golar LNG profit sharply higher Mozambique railway link funding Frances threatens the Bahamas Billiton sets 100M tonne target Hamburg privatisation plan dropped Pan Canal consults on box fees Nigerians seek fleeing Pride

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SEPTEMBER 1, 2004
Holiday mess for West Coast ports? Decision by union longshoremen could throw the nation's largest container complex into crisis mode next week. Japan threatens U.S. with sanctions Wants Washington to comply with WTO-ordered repeal of anti-dumping legislation. Mineta to address JoC Breakbulk Conference Scuttled box plan hits ABP Coast Guard detains four vessels in So. Calif. Record profits for leading shipbroker Manufacturing growth slows U.S. ordered to end lumber dispute Freighters spur Amsterdam cargo CSX upgrades services for Atlanta shippers Era of Boeing 757 at end for BNSF RailAmerica sells Freight Australia

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SEPTEMBER 1, 2004
Owners set to cruise as charter-market returning to high-life Recent interim financial results from liner companies, and a surprise upgrade in PIERS TransPacific trade growth estimates indicate that the charter-market weather for owners is set fair for some time. Two major Australian intermodal service providers to raise rates Adelaide-Darwin rail link operator FreightLink will lift rates by between 15% and 19% on October 1, after completing an extensive review of business in H1. MOL president stresses China chances AP Moller Terminals ups stakes at Suez Hannibal stops in Zurich for Swiss shippers ABP Holdings wraps up half-year results More rate rises on ANZ trades Hanjin Heavy Industries expects increasing new orders Wan Hai orders four 6,000TEU containerships Infrared technology to improve traffic flow at Yantian Port NYK opens Seoul-ly owned liner subsidiary Maersk Logistics upgrades IT

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SEPTEMBER 1, 2004
Some fire with its ice OMI cancels buy of one suezmax from Athenian, takes beef to arbitration, as it bulks up ice-class fleet. Golar LNG doubles profits Thank you very much Korea Line, as Asian stake yields more than quarter of result. OMI will take one with ice Connecticut owner said to take Hyundai Mipo products resale for October delivery. Russia to get new LNG port Gas producer plans $5bn plant complete with terminal and tankers. LBS closes Krantas Lithuanian owner cuts out agency middleman and gets parent DFDS's business too. Eukor hotfoots it to Frankfurt Car carrying joint venture to shift European base away from London. Rieber splits Norwegian offshore owner to spin off seismic survey business as separate listed company. ABP brings coal to Humber UK ports group will spend '44.5m on new terminal at Immingham. SSY hires two more guns Broker quickly expands new gas team with London appointments. Philadelphia breaks even Kvaerner's US shipyard improves second quarter performance,as it seeks buyer for boxships. Clarksons makes more money UK shipbroker benefits from thriving shipping markets to post record pre-tax profits in first half. K Line inks second Cheniere ship Japanese owner signs 10-year charter with US energy trader for Imabari LNG newbuilding. Gas rises Skaugen trumpets Norgas Challenger rate as proof market on the up. "Not compelling" Independent financial adviser HSBC gives its opinion on Temasek's offer for Neptune Orient Lines. Coaster grounds off Scotland UK coastguard hoping to refloat Jackie Moon, which is stuck on a sandbank. AMSEA wins military millions Offshoot of defence contractor General Dynamics seals US Military Sealift Command management deal.

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SEPTEMBER 1, 2004
NOL stockholders advised to reject Temasek bid China Shipping Container Lines joins trend of liner profit gains Maersk Sealand to deploy revised version of 6,600-TEU mega-ship Sinotrans to take transpacific slots from Hyundai NYK sets up another Korean subsidiary PT Mitsui O.S.K. Lines opens office in Semarang, Indonesia NYK Group airship to travel by sea to Japan British Airways reduces flight delays U.S. railroad unions set to unite RailAmerica divests Australian holdings U.S. cautious about China's agricultural quarantine measures U.S. praises WTO appellate finding on state agricultural trading Exel names SP Tan to direct Singapore office Federal Circuit appellate says 'festive' earrings aren't duty-free Jacksonville port signs 5-year agreement with Ceres Marine Terminals Ports of Indiana to provide $11 million for Berry Plastics expansion Panama Canal directors name Benitez acting deputy administrator BP vessels to plug into electric power in Long Beach

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SEPTEMBER 1, 2004
"Color Fantasy" delivery on 3. December Color Line's new 74,600 GT cruise ferry "Color Fantasy" is scheduled for delivery from Kvaerner Masa-Yards in Finland on ... Danes upgrade estimate for yearly revenue Danish shipowners are confident and their organisation Danish Shipowners Association has just upgraded their forecast for the net revenue of ... Nor-Cargo Shipping change to Nor Lines Nor-Cargo Shipping has changed name to Nor Lines as a result of Nor-Cargo Holding was sold to Posten ...