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| AUGUST 1, 2006 |
Shipping News
- China's Cosco Shipyard in US$113m expansion drive
CHINA's largest shipyard group, the Cosco Shipyard Group , is pumping in US$113 million to expand three of its seven shipyards, boosting its capacity by 28 per cent within a year's time, its main shareholder said yesterday.
- Somali militia frees Korean trawler, crew
SOMALI militiamen freed a South Korean trawler and its 25-man crew on Sunday and were probably paid about US$400,000 for their release, an east African maritime organisation said.
- Fears of toxic spill allayed
THE danger of a hazardous chemical spill at Keppel's Batangas Shipyard has diminished following the discovery by salvage divers that the sulphuric acid cargo carried by a chemical barge, which sank at the shipyard's pier, has been diluted by seawater.
- PSA adds capacity at Voltri terminal
- SK Shipping orders 2 VLCCs for US$250m
- M'sian yard wins escort tug order
Port Shots
- Port Shots
BELGIAN owner CMB, whose main business activity is dry bulker operation Bocimar, made a net profit of 68 million euros in the first half of this year, compared to 78 million euros in the same period in 2005.
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| AUGUST 1, 2006 |
- WTSA to raise US-Asia waste paper rates from September
- Birkart says e-billing is way forward
- Volumes up slightly at Sino-Russian checkpoint in H1
- PSA's Genoa terminal receives new quay crane
- Fangcheng H1 cargo volumes rise 41.5pc
- Embarcadero teams up with Savi Networks at US ports
- HK's airport authority to invest in new freight zone at Pudong Airport
- United Airlines to add 40 Asia Pacific flights to network
- Malaysia Airlines to unbundle domestic services
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| AUGUST 1, 2006 |
- ANL launching 2 new services covering Indian Subcontinent
- Rosy hue in ship paint manufacturers’ prospects
- Insurance cover rule for ships suspended
- Transworld launches its first newbuild, OEL Singapore
- MOL opens own office in Ahmedabad
- Evergreen enters into slot-charter agreement with Hanjin on two trade lanes
- STX Pan Ocean to start new intra-Asia service this month
- MISC joins OOCL & TSK on Middle East Asia Express (MAX) service
- Newbuild OOCL Europe to serve Asia-Europe trade
- TS Lines bolsters China-Japan services
- OOIL orders 4 boxships
- DCT Gdansk selects Liebherr to supply cranes for Poland’s 1st deepwater box terminal
- "K" Line adding service from Asia to Gulf of Aden/Red Sea
- Tianjin port teams up with Cosco, A.P. Moller in JV
- USS Product Carriers orders 9 ships
- AADA to levy PSS from mid-Aug.
- PSA reviving long-delayed IPO, says report
- PWC Logistics & SPAN Group complete objectives
- DP World to invest in Egyptian port
- Coir Board draws up plans to achieve Rs 1,000-cr. export target
- Fieo stresses need to lure more mother vessels to Chennai Port
- Workshop on HIV/AIDS awareness held at MbPT
- S. Velumani takes over as CMD of Ennore Port
- Passport to be mandatory to cross Petrapole from Jan. 2007
- Forex earnings from tourism doubled
- Govt mulling gradual reduction in Asean palm oil import duties
- Tatas earmark Rs 100 cr. for Tada leather SEZ
- Rubber export packing facility to come up in Kochi
- Govt to open tobacco co. in Russia
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| JULY 31, 2006 |
- Horizon’s good first half
- Three engineers lose their certificates for exam fraud
- EU to spend euros35m on transport projects
- NWA and GA in joint service
- Finnlines takes delivery of delayed ferry
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| JULY 31, 2006 |
- Promotions at Crowley Maritime
- Multraship orders Carousel tugs
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| JULY 31, 2006 |
- WTSA member carriers eye waste paper rate increase
- Horizon Lines sees gains in second quarter numbers
- Deal reached for cleanup of Asarco smelter site in Tacoma
- NASSCO lays keel for fourth T-AKE vessel
- Crowley Maritime taps Harland for West Coast/Alaska VP post
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| AUGUST 1, 2006 |
- Lebanon storage tank oil spill heads for Syria
TAR from a major oil spill fouling the coast of Lebanon has reached Syria, underlining fears that the pollution could spread to a wider area as continuing hostilities frustrate clean-up operations, writes Nigel Lowry in Athens.
- Green light for Med pollution alliance
MORE than a year after the announcement of an ambitious new pollution-fighting taskforce for the Mediterranean, the initiative finally appears to be moving forward with leading participants expecting an effective launch date this autumn.
- Angry lines condemn GE’s container security initiative
THE US-based World Shipping Council has hit out at what it says is an attempt by IT giant General Electric to promote its own container security product via a not-for-profit global standards organisation.
- Woman missing from Royal Caribbean cruise
INVESTIGATIONS are continuing into the disappearance of a passenger from Royal Caribbean’s Voyager of the Seas last week.
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| JULY 31, 2006 |
- Bush, Blair visit US ports
WHILE UK prime minister Tony Blair focuses on the environment at the Port of Long Beach today, President George Bush is promoting free trade in Miami
- Drifting vessel forces oil rig shutdown
THE breakdown of an Indian-owned feeder container ship yesterday led to the shutdown of oil production from ONGC’s Bombay High oil platform
- NAT grows after two-ship deal
NORDIC American Tanker Shipping (NAT), the Bermuda-based Suezmax owner managed from Norway, has extended its expansion by the acquisition of two ships
- Venezuela repeats US oil threat
VENEZUELAN officials have once again threatened to curtail oil shipments to America, although most analysts continue to believe such a move is unlikely
- Frustrated Mass officials look for next step
MASSACHUSETTS activists whose efforts to enforce a state oil spill prevention act were rebuffed last week are being urged to work with the Coast Guard
- Barcelona passengers in heat rage
- Iran to boost Caspian presence
- Polembros eyes dumping at Gadani
- SNCM goes solo in Corsica tender
- Cougar Ace 'stable'
- SCI profit takes a hit
- Yards boost Keppel profit
- Felda to sell remaining ships
- Citgo faces spill probe
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| JULY 31, 2006 |
- Industry coalition offers Senate guidance for supply-chain security legislation
A broad coalition of supply chain interests is urging the Senate leadership what to include -- and leave out -- of new security legislation.
- Call to revive Doha talks
- Horizon turns profit in Q2
- Savannah passes 2M TEUs
- Export ABCs: UPC update
- China start-up hits Matson net
- Halifax feeder ship seized
- India seeks foreign investment with SEZ plan
- Trinity sells European unit
- Rate hike for wastepaper
- CSAV makes Charleston move
- TNT mulls sale of freight management unit
- Zim’s Stramer dies of heart attack
- Storm haunts ISC results
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| JULY 31, 2006 |
- APMT to expand in Aqaba
APM Terminals has signed a 25-year contract to manage, operate and expand Aqaba Container Terminal, but despite the emphasis on regional gateway status, rather than transhipments, ship size remains important.
- Politics can put brakes on US state tolling programmes
With existing sources of US highway-funding seemingly unsustainable, while policy increasingly rejects ‘building out of congestion’, half the US states are looking at road-tolling programmes, according to the government watchdog.
- WTSA raises US-Asia waste paper rates
- Samudera Indonesia sees profits fall and sales expand
- Reduced container freight rates help pull down SCI profits
- TNT posts increased revenues from ocean freight
- Two more loops between Korea and China
- CMA CGM lured by Brazilian shrimp
- Szczecin-Swinoujscie see 18% growth
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| JULY 31, 2006 |
- OMI tops $22
Stamford owner has highest shares closing ever after favourable review in Barron's.
- Quarter ONE
Omega Navigation turns a profit in its first three months as a public company.
- Cruise death confirmed
Florida woman apparently fell from deck of Royal Caribbean vessel.
- NATS makes it three
But Herbjorn Hansson is not confirming he has written George Procopiou a $246m cheque.
- Navibulgar notches less
State-owned Bulgarian shipping company’s earnings down in first half, as revenues fall and costs rise.
- Great Eastern goes south
Earnings for Indian owner fall 20% in first quarter after last year's stellar performance.
- Westfal-Larsen riches revealed
Asset value of Bergen-based shipping family’s companies reaches at least NOK 6bn ($971m).
- Numbers up at Cosco Corp
Spate of ship repair and conversion orders pushes turnover and profit up at Cosco Corp (Singapore).
- Cheating officers stripped
Three engineering officers lose certificates of competency over examination fraud.
- SKS eyes new box run
Indian owner wants partner to launch containership service to Sri Lanka and Pakistan.
- US equity muscles in on Pipavav
Indus Capital and another investment company to take stakes in company building big new Indian shipyard.
- Gulf signs with Glencore
IPO owner reportedly ties up three handymaxes with US commodity group.
- Samudera hit by double whammy
Rising bunker costs plus lower rates take their toll on Indonesian owner’s second quarter figures.
- WTSA hikes rates
Transpacific carriers slap surcharge on westbound boxes laden with costly wastepaper.
- Mariner struck again
Royal Caribbean ship suffers second norovirus outbreak this year as 300 passengers are laid low.
- Blue Lady break-up to go ahead
Hazardous materials deemed within scope of Alang shipbreakers by Indian government-appointed committee.
- QM2 crewman pleads guilt
Filipino seafarer admits killing colleague, will remain in custody until sentencing in late September.
- BLT serves up tasty half
Berlian Laju Tanker of Indonesia increases first-half income and revenue but second quarter down a little.
- Mitsui back in black
Japanese shipbuilder returns to profit in first quarter to 30 June, as revenues soar.
- Broker boosts research
Braemar Seascope appoints Australia based research manager to increase dry bulk coverage.
- Asbestos prosecution
Aussie shipowner stuck with record fine for failure to maintain a safe workplace on cement carrier.
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| JULY 31, 2006 |
- Grand, New World alliances partner on new Asia/U.S. East Coast service
- WTSA recommends $50 per FEU hike in wastepaper rates
- Matson's 2nd-quarter operating income down 37%
- Horizon Lines posts $6.4 million second quarter profit
- Uncertainty over New Orleans terminal hurts ISG earnings
- TORM sells off three bulk carriers
- China Shipping establishes Indian subsidiary
- Crowley promotes Harland
- UAL's posts first 2nd-quarter profit since 2000
- CBP seeks 50% fee hike for express waybills
- YRC's profits up 21% in 2nd quarter
- Ex-Chief of Staff Card joins UP board
- GAO: Defense's critical technology export lists of "questionable value"
- U.S. corn refiners prepare to re-enter Mexican market
- Kuehne + Nagel appoints managing directors for Mexico, Canada
- Padmanabhan tabbed to lead Management Dynamics India subsidiary
- Globe Express opens Istanbul, Dalian offices
- Aqaba signs deal with APM Terminals
- M Ship sues ICE Marine over patent infringement
- Blair to visit Port of Long Beach today
- Quay crane delivered to Voltri Terminal Europa
- Canadian shipbuilder seeks protection from creditors
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| JULY 31, 2006 |
- Hurtigruten reflagging
After 168 years of sailing under Norwegian flag, two of Hurtigrutens vessels will reflag. The vessels’ Norwegian crews are replaced ...
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| JULY 31, 2006 |
- Fuel cost exceeds cruise line's forecast
Bunker bill running higher than Royal Caribbean expectations, blamed for profit fall.
- Valero expects bunkers to pick up in fourth quarter
Company posting positive second quarter results, with better numbers to come.
- Marine environment becomes casualty of war
International effort underway to address environmental disaster after bombed power plant leaks thousands of tonnes of fuel oil.
- Scrubbers for bigger engines expected by year-end
Krystallon scrubbers geared to fit European ferry sector targeted by upcoming EU sulphur directive, as well as SECA needs.
- Rotterdam down sharply on lower crude/barge market
- K Line lowers profit forecast
Shipowner's mixed fleet expected to improve revenue, but fuel cost is hurting the company's profits.
- Hong Kong: Fifteen suppliers on official 'Annex VI' register
Since Annex VI came into force on May 19, 2005, 15 bunker suppliers in Hong Kong have confirmed their compliance with the regulation.
- Shipping firm posts 84% drop in Q2 profit
Singapore-listed shipping firm attributes fall in profit to high bunker costs and low freight rates.
- Titan seeks to expand delivery capability with new barges
Additional barges will initially be deployed in Titan's existing bunkering markets before expanding to other Asian ports.
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