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23 September 2021 The on-line newspaper devoted to the world of transports 05:36 GMT+2

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The Business Timesweb site
DECEMBER 13, 2004
Shipping News
  • Alaska islands face oil slick crisis
    THOUSANDS of gallons of fuel oil spilling out of a Malaysian freighter that snapped in two off the US state of Alaska have put the Aleutian islands' fragile ecosystem in jeopardy, fuelling fears of an environmental crisis 15 years after the Exxon Valdez disaster.
  • Cosco Pacific in talks on China port investment: report
    BEIJING-backed container leasing and port investor Cosco Pacific is in talks with China's Ningbo Port about investing in a new container terminal, newspapers reported yesterday.
  • Frontline-General Maritime merger plan makes sense: analysts
    A possible merger between Norwegian tanker group Frontline and US rival General Maritime would make operational sense by creating a suezmax power house, analysts said.
  • North Sea oil tanker rates fall to 2-mth lows
  • 1 missing as fuel vessel catches fire

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Sched Netweb site
DECEMBER 13, 2004
  • Norasia to launch new China-Europe service next May
  • Hamburg Sud christens new vessel in Korea
  • PHA appoints new environmental affairs boss
  • China to reduce toll for over 10-ton trucks
  • MOL to expand India container service
  • Exel opens new Pakistan headquarters
  • SIA orders 18 Boeing 777-300ER jetliners
  • Japan Airlines seeks to strengthen position in China
  • Qantas Freight makes personnel changes
  • Continental to add New York-Lagos flight to schedule
  • U-Freight Japan appoints new head of sales

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Exim Indiaweb site
DECEMBER 13, 2004
  • HPCL, MRPL to set up 2.5-5 m tonnes capacity LNG terminal at Mangalore
  • SCI earns record profit of Rs 529 cr. during April-Sept.
  • We need a strong maritime constituency, stresses D. T. Joseph
  • MOL to start new shuttle service to Singapore ex-Nhava Sheva
  • SCI acquires second LNG tanker Rahee
  • Mauritius seeks Indian investment
  • Kerala govt hands over Beypore port proposals to IL&FS for appraisal
  • Ministers to discuss grains export policy
  • Cochin Port posts 7 pc growth in cargo handling during April-Nov.
  • IPBCC presents case to justify Mumbai Congestion Surcharge
  • Industrial production index posts 10 pc growth in Oct.
  • All PTAs, FTAs to be converted into comprehensive economic cooperation agreements (CECAs)
  • 100 pc fdi allowed in ports, warehousing zones: Minister
  • Move to include dredgers, barges in tonnage tax option
  • Nabard to tie up with corporates to develop AEZs
  • India, Israel to set up joint study group to promote trade
  • Fieo meeting with Polish Minister, envoy tomorrow

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The Bunker Bulletinweb site
DECEMBER 10, 2004
  • CAO debt companies fear big brother favouritism
    Court agrees to six-week delay to allow debt payment plan to be drawn-up.
  • Singapore: First signs of renewed Chinese fuel oil interest
    After a spell of relative inactivity, Chinese buyers have shown the first signs of renewed interest, with demand expected to increase further due to stock building ahead of the Lunar New Year.
  • OPEC ministers agree to cease quota-busting
    OPEC members agree to cut production and adhere to its 27 million barrels per day quota in a bid to halt crude oil prices from sliding further.
  • Rotterdam barges still tight into next week
  • Alaskan grounding results in serious spill
    A grounded vessel which broke in two off Alaska has spilled a large amount of fuel oil, while search for missing crew members takes precedence over environmental threat.
  • Lube oil prices set to rise in the New Year
    Another lube oil producer cites rising costs for imminent price hike.
  • Sumatec to build PTP fuel oil and bunkering terminal
    Malaysian construction company set to build and operate another bunker facility at PTP.

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Maritime Global Netweb site
DECEMBER 10, 2004
  • Third tier compensation fund to enter into force
  • Athos spill probably caused by steel pipe
  • Euro Council's "exchange of views" on ports directive
  • ABS gets Argentine authorisation
  • Darwin LNG contract for Adsteam
  • PTT in Total Lubmarine link

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Marine Logweb site
DECEMBER 10, 2004
  • Spill suspect pipe retrieved

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Lloyd's Listweb site
DECEMBER 13, 2004
  • Alaska oil pollution fears after bulk carrier tragedy
    AS THE search for six missing crew from the stricken Selendang Ayu was scaled back in Alaska at the weekend, involved parties faced up to a new reality ' a potentially disastrous oil spill in an environmentally sensitive area.
  • Opec wields axe on over-production
    OIL exports from the Middle East and North Africa are set to fall in late January as the Organisation of Petroleum Exporting Countries agrees to slash over- production to meet existing quotas.
  • HMM takes the rap for China's worst spill
    HYUNDAI Merchant Marine has taken the blame for the containership collision in the Pearl river delta last Thursday which has caused China's worst oil spill.
  • Nasdaq to delist Trico after share price slump
    TRICO Marine, the embattled Houston-based offshore support vessel company, confirmed Nasdaq would delist it from the exchange, effective December 17, because of its failure to comply with the required $1 per share minimum bid price, writes John McLaughlin.

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Fairplayweb site
DECEMBER 10, 2004
  • Hamworthy signs reliquefaction deal
    HAMWORTHY has today announced four orders and letters of intent to supply eight ships with liquid natural gas reliquefaction systems, worth £48M ($92M) in total
  • Maersk to leave American VSA
    MAERSK Sealand is the latest shipping line to break from the Vessel Sharing Arrangement from East Coast South America to the US East Coast
  • Managers defend pollution charge
    THE managers of the LPG tanker Moritz Schulte have strongly protested against a Crench court ruling that found the tanker guilty of 'voluntary pollution'
  • Eitzen in $60M private placement
    CAMILLO Eitzen, the Norwegian bulk shipping group, has sold 6.7M shares to 'institutional and professional investors', in a deal worth NK376M ($62M)
  • Mexico's energy needs demand new plant
  • Fourth LNG terminal planned for UK
  • Crewmen detained to give evidence
  • Coal moves again through Ridley
  • P&O HQ up for sale
  • DT Joseph to stay as shipping sec
  • Bonds to restart Dabhol LNG
  • Bidders for new terminal at Newcastle
  • EU criminalisation proposal amended
  • Adsteam wins Darwin LNG towage

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The Journal of Commerceweb site
DECEMBER 10, 2004
  • Alaska Disaster
    While bad weather hampered a search for six crewmen missing after a freighter broke in two, spilled fuel threatened the Alaska coastline.
  • Ports will bear share of security costs, says Hutchinson
  • Truck manifest e-filing begins testing
  • Charterers eyeing 2007 ships
  • Columbia River dredging to start
  • Pasha launches new Hawaii service
  • Jamaica port delays seen until March: Report
  • Tacoma joins port security group
  • Congress passes E911 bill
  • MOL launches India-Singapore shuttle
  • TSA rolls back security order for airports

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Containerisation Internationalweb site
DECEMBER 10, 2004
  • Global trade cycle peaked, say shippers, as rates begin their long slide
    Shippers are claiming that the container shipping cycle has reached its zenith, as early indications in rate negotiations show rates are stagnating in some regions and may fall in others.
  • Europe-Med pressure squeezes out Armada service
  • Russian dockers plan symbolic protest against rail-tariff increases
  • Westbound mainline call boosts Chennai's ambitions
  • CMA CGM close to Brazil buy
  • New Swahili service aims to double capacity and frequency
  • Busan New Port Phase I to be constructed as scheduled, confirms DPI
  • Thamesport to upgrade quayside cranes

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TradeWindsweb site
DECEMBER 10, 2004
  • Hope fading for IMC crew
    Six seafarers still missing as pollution threat from broken panamax bulker turns acute.
  • TOP treatment
    Greece's Top Tankers is rewarding shareholders with first dividend as advertised.
  • Two hurt in Houston tug collision
    Ship channel reopened after one-hour shutdown as Coast Guard gauges gasoline spill.
  • Brostrom goes it alone
    Swedish owner pays cash to buy out joint venture partner in two tankers.
  • Mineta and Chao to stay put
    Shipowner's daughter Elaine Chao will definitely not become US transport minister.
  • Axel Eitzen raises $60m
    Private share placement cuts Norwegian shipowner's stake in listed Camillo Eitzen by 17%.
  • Clipper moves into VLCCs
    Diversified shipping group teams up with Fred Cheng in opportunistic tanker joint venture.
  • ThyssenKrupp wins EC thumbs-up
    German steel maker will go ahead with takeover of HDW yard as part of pan-European consolidation.
  • Good to the last drop
    Wringing spot income out of a last single-hull VLCC will cut Concordia's 2004 profits on paper.
  • Nico buys yard operations
    Dubai shiprepairer adds compatriot FMS's marine engineering division.
  • BLT on its own shopping list
    Indonesian owner could buy back up to 10% of its public shares in next 18 months.
  • Tsakos adds TEN-thousand
    Family insiders continue to build stake in listed tanker unit.
  • RG replacement grounds
    Finnish line's new chartered vessel meets same fate as grounded ferry it was standing in for.
  • Top confirms Stelmar interest
    Greek tanker owner says it will make a firm decision about bidding next week.
  • Trico kicked off Nasdaq
    Debt-laden US offshore owner's share price could not meet minimum price of $1.
  • Stolt joins key Oslo index
    Decision expected to boost stock price of chemical operator and other addition Aker Kvaerner.
  • Nigeria in piracy spotlight
    Spate of violent attacks off West Africa prompts piracy watchdog to issue alert to shipping.
  • HUBLine plans placement
    Malaysian intra-Asian containership operator looking to raise close to $9m to repay borrowings.
  • MOL targets Indian growth
    Japanese shipowner launching boxship shuttle service between Nhava Sheva and Singapore.
  • Adsteam inks LNG tug deal
    Aussie towage and ports group to provide long-term towage services at new Darwin LNG facility.

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American Shipperweb site
DECEMBER 10, 2004
  • Samsung plans 14,000-TEU mega-ship design
  • Heavy purchases lift CP Ships' share price
  • Zim's vessel order plan approved
  • Six lost at sea after freighter sinks in Alaskan waters
  • Norasia to start China/Europe/Middle East link in May
  • MOL starts India/Singapore shuttle service
  • Frontline may swoop on General Maritime with $1.8 billion bid
  • United resumes flight to Vietnam after 30-year hiatus
  • Qantas, Thai forwarder form cargo airline
  • Air Cargo Inc. gets grounded
  • U.S. intermodal traffic tops 10 million for first time
  • WCO adopts framework agreement on container security
  • Bush keeps Mineta, Snow onboard
  • USAID renews Pacific Cargoes, BKA Logistics contract
  • U.S. alcohol regulator prepares new wine import certification
  • USDA considers overhaul of nursery plant import rules
  • U.S. sets import conditions for Chilean fruit
  • New York-New Jersey Port Authority sets 2005 budget
  • Long Beach names Ortiz contractor for traffic project
  • Colombo port handles 2 million TEUs for first time

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The Scandinavian Shipping Gazetteweb site
DECEMBER 10, 2004
  • Concordia revises profit expectation
    Concordia Maritime in G'teborg now expects a SEK 730 million (EUR 80,8 million) pre-tax profit for 2004, SEK 20 ...
  • "Rocknes" bereaved will sue owners
    Bereaved of the 16 Filipino seamen, who lost their lives when the bulk carrier "Rocknes" hit a rock, capsized and ...
  • Bulker broke in two ' six crew members missing after helicopter crash
    Six crew members of the Malaysian flagged bulker "Selendang Ayu" are missing after a US Coast Guard rescue helicopter krashed ...

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