US documents show sweet deal for Carnival THE US government's controversial agreement to lease three ships from Carnival Cruise Lines for emergency housing after Hurricane Katrina provided more benefits to the company than have previously been disclosed, according to contract documents obtained by the Los Angeles Times.
Sohmen-Pao family to list Bergesen unit BERGESEN Worldwide Ltd, owned by the Sohmen-Pao family, is preparing to sell as much as 45 per cent of its Norwegian gas-shipping unit in an initial public offering, the Wall Street Journal reported yesterday.
Nov bookings may boost Persian Gulf tanker rates THE cost of shipping oil from the Persian Gulf to refineries worldwide on 2 million-barrel tankers may rise this week because of a limited supply of vessels as oil companies and traders increase bookings for November.
M'sia to launch new maritime security force
Hanjin to spend US$12m on China repair yard
Logistics
Log Book SINGAPORE Airlines and Tourism Australia have signed a deal potentially worth more than A$12 million to promote Australia as a tourist destination.
US documents show sweet deal for Carnival THE US government's controversial agreement to lease three ships from Carnival Cruise Lines for emergency housing after Hurricane Katrina provided more benefits to the company than have previously been disclosed, according to contract documents obtained by the Los Angeles Times.
Sohmen-Pao family to list Bergesen unit BERGESEN Worldwide Ltd, owned by the Sohmen-Pao family, is preparing to sell as much as 45 per cent of its Norwegian gas-shipping unit in an initial public offering, the Wall Street Journal reported yesterday.
Nov bookings may boost Persian Gulf tanker rates THE cost of shipping oil from the Persian Gulf to refineries worldwide on 2 million-barrel tankers may rise this week because of a limited supply of vessels as oil companies and traders increase bookings for November.
M'sia to launch new maritime security force
Hanjin to spend US$12m on China repair yard
Logistics
Log Book SINGAPORE Airlines and Tourism Australia have signed a deal potentially worth more than A$12 million to promote Australia as a tourist destination.
Frank calls for new deals to end ice class glut RUSSIA'S most powerful shipowner, Sergey Frank, believes the only way to beat the looming glut of ice class tankers is to seek out industrial deals that call for more than standard specification vessels.
Stena and Sovcomflot join in bid to corner quality ice class market SWEDISH owner Stena Bulk is to set up an elite ice class tanker pool with Sovcomflot to secure Primorsk oil shipments and beat a looming glut of Baltic strengthened tankers, writes Jerry Frank.
Sohmen family seeks $730m from Bergesen listing in Oslo The Sohmen family is seeking to raise more than Nkr4.6bn ($730m) through the sale of a 40% stake in Bergesen Worldwide Gas in an Oslo listing which could place a value of almost Nkr12bn on the company.
ONGC embarks on offshore fleet renewal programme worth $897m INDIAN state-owned explorer-producer Oil and Natural Gas Corp has decided to invest Rs400bn ($897m) to replace its ageing offshore vessels and jack-up drills.
Anger over Marseilles strike latest CGT union employees at the port of Marseilles have reversed their earlier decision to return to work and will continue strike action
GNV upgrades Rome-Tunis link ITALIAN cruise ferry operator Grandi Navi Veloci has launched a service from Civitavecchia to Tunis, with a stop over at the Sicilian port of Palermo
Rates drag down Nordic American NORDIC American Tanker Shipping has posted third-quarter profits well short of 3Q04 on lower Suezmax spot rates, although trading conditions have now improved
Minister rebuked as tension rises RUSSIA'S transport ministry today rebuked one of its senior officials for advocating a merger between Sovcomflot and Novoship
Boxship slide finds resistance BOXSHIP charter rates continue to edge downwards, although tramp owners are resisting pressure from liner operators for rate reductions for long-term fixtures
Lines 'cannot fund canal expansion' SHIPPING lines simply cannot absorb the estimated $5Bn-8Bn in Panama Canal expansion costs, a senior liner player has advised the canal authority
Hanjin in RFID test to further Seoul's logistics goal Hanjin and its terminal faclities in Busan and Long Beach, are participating in testing Radio Frequency Identification technology as part of a new model of regional logistics.
Modern Terminals in share buy back deal Modern Terminals, a major Kwai Chung operator, has agreed to buy back some of its shares from China Merchants Holdings (International) and Wharf (Holdings) Limited.
Pakistan earthquake land-based, not maritime
Investigation ongoing for Zim Asia collision
CP Ships offer extended, as EC deadline nears
Zhangzhou adds more new berths in south China
Phase II to start at St Petersburg's Kronstadt
Asian carriers keep on ordering ships
Central Asian rail-container operator to buy own equipment
Stena Bulk and Sovcomflot launches ice tanker pool The co-operation between the Swedish tanker owner and operator Stena Bulk and the Russian state-owned shipping company Sovcomflot ...
Smyril Line and Fjord Line have not agreed Future cooperation between Faeroe Isle-based Smyril Line and Fjord Line in Bergen hangs in the balance this week as ...
Svithoid to launch Baltic Tankers Stockholm-based Svithoid Tankers has together with a number of investors launched a new company, Baltic Tankers. The company will ...
New York barge rate increase, fuel prices to blame Major supplier Chemoil announces higher barge rates as operator passes on fuel costs.
Rotterdam firm amid congestion
Port strike U-turn threatens European refineries Ongoing industrial action could lead to the closure of South European pipeline, which feeds refineries in France, Switzerland and Germany.
Bunker prices replace infrastructure as top problem Shippers exporting to the US say bunker prices have replaced inadequate infrastructure and congestion as biggest concern.
Egypt: New $1 billion oil refinery by 2009 Egypt will soon welcome a $1 billion new oil refinery by 2009, with output capacity of 130,000 bpd.
Oil prices: Little change as US restores output The rise in US imports and the gradual restoration of oil production in the Gulf of Mexico led to little change in crude oil prices.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
