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| AUGUST 3, 2006 |
Shipping News
- APM ties up with Saigon Port Co to build new Viet terminal
APM Terminals, the container terminal division of shipping giant AP Moller-Maersk, has entered into a joint venture with Saigon Port Company to develop a container terminal at Vietnam's newly developing deep water port of Cai Mep.
- Shippers may pay fee to use Malacca Strait
SHIPPING vessels could soon have to pay a fee to use the Malacca Strait, as nations along one of the world's busiest waterways hunt for ways to share the costs of keeping it open and safe.
- S Korean H1 ship orders surge 33%
HYUNDAI Heavy Industries Co, the world's biggest shipyard, and other South Korean shipbuilders received 33 per cent more orders in the first half, boosted by demand for vessels that carry oil and liquefied natural gas.
- Putin seeks to boost Russian yards
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| AUGUST 3, 2006 |
- Greek launch for 9,500-TEU newbuild Cosco Hellas
- CMA CGM's CIMEX service calls at FICT
- 'Massive' container port to be built off of W Australia
- Tacoma considers using electric vehicles to cut costs, pollution
- Schenker awarded Oman contract worth up to US$65 million
- APM Terminals agrees to operate Jordon terminal for 25 years
- Changi Airport freight handling up in first half
- UAL Corp posts Q2 net income of US$119m
- ABC to deploy IL-76F aircraft in Siberian hub
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| AUGUST 3, 2006 |
- China Shipping opens own office in India
- GE Shipping set to demerge offshore services biz
- OIPL opens office in Tuticorin
- 32 pc rise in Q1 coffee exports
- Decks being cleared to resume export of eggs to Gulf countries
- Three-fold rise in sugar exports seen
- JNPT resolving plaints online!
- Lalu now against private investment in dedicated rail freight corridors SPV
- CONCOR’s Vizag cfs starts full-scale operations
- BCHAA prepares members for Rule 8 Customs Exam of Aug.7
- GSECL planning cargo complexes at Surat, Indore
- CII seminar on India Africa Partnership tomorrow
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| AUGUST 3, 2006 |
- Work set to start on Fos 2XL
- Lufthansa lifts first-half profits
- Slovakia halts sale of ZSSK Cargo
- ICA to offer more block trains
- Gibraltar Industries expands contract with Ryder
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| AUGUST 2, 2006 |
- Golden Ocean takes over 5 Clipper panamaxes
- IMO co-ordinates Lebanon oil spill response
- DV Howells wins MoD contract
- Finnlines’ better performance
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| AUGUST 2, 2006 |
- Lehman completes Atlantic Marine acquisition
- Ezra orders offshore crane barge
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| AUGUST 2, 2006 |
- Cargo ship grounded in Columbia River
- APL Logistics earns license to operate in Kaohsiung FTZ
- Tall ship LADY WASHINGTON making stop at Port of Everett
- Aluminum vessels calling Port of Olympia terminals
- Boeing makes delivery of freighter to Jade Cargo
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| AUGUST 3, 2006 |
- CMA CGM helps Lebanon victims with free vessel
FRENCH shipping group CMA CGM is to provide a vessel to take urgently needed supplies into war-torn Lebanon.
- Eletson newbuild tanker drought ends with $250m order
PRODUCT tanker specialist Eletson Holdings has inked contracts with Hyundai Mipo Dockyard for four medium range tankers of 52,000 dwt in a deal that could be worth well over $250m if two options are exercised, writes Nigel Lowry in Athens.
- DP World in talks with Greek minister over port investments
OFFICIALS from DP World are expected to meet Greek minister of merchant marine Manolis Kefaloyiannis today to underline their interest in investing in the country’s ports.
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| AUGUST 2, 2006 |
- USCG wins AIS rights
THE US Coast Guard has won exclusive rights to a key frequency used by AIS in a ruling that overrides claims by US maritime communications provider MariTel
- Maritrans income on decline
- Migrant Watch: US/Caribbean
- Tropical Storm Chris shuts ports
- Bids invited for Scottish ferry route
- Tsakos tightens state oil ties
- Mexico’s Cantarell falling fast
- Whale hit causes ferry disruption
- Canada puts pollution eye in the sky
- Slow salvage of Cougar Ace begins
- Profit plunge for Philippines operator
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| AUGUST 2, 2006 |
- Gains cement Port of Hamburg ranking
German hub consolidates its position as Europe's second-largest container port after posting double-digit gain in cargo volume.
- Amsterdam boxes skyrocket
- Vietnam hails U.S. bill
- Higher costs hit Tropical Shipping despite higher revenues
- Marseilles results mixed
- UPS opens first China retail centers
- New China cargo airline prepares to take flight
- SkyTeam taps U.S. chief
- APM to expand Aqaba hub
- Cougar Ace under tow
- KCS net back on track
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| AUGUST 2, 2006 |
- Investor gives Hanjin terminal sale the thumbs down
Hanjin has become the latest carrier to try and take advantage of the inflated terminal prices by putting its overseas terminals on the market.
- TS Line and Emirates to launch China-India-ME service
Taiwan's TS Line and Hong Kong's Emirates Shipping Line are planning to start a joint weekly service linking China, India and the United Arab Emirates in October.
- Sinotrans takes hit as charter market enters ‘summer mode’
- Rotterdam H1 box growth likely to be ‘disappointing’
- Top Black Sea ports add nearly quarter million TEU in six months
- Hanjin and STX Pan Ocean to launch Korea/Vietnam service
- East Med service coverage expanded
- New Zealand port veterans acquire NZL Group
- Four more berths up and running in Taicang
- PAN seeks partner for coastal expansion
- Newcastle Disease strikes Rio Grande do Sul in bird-flu free Brazil
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| AUGUST 2, 2006 |
- Eletson takes four
Greek owner back in newbuilding market with quartet of MR's from Korea's Hyundai Mipo.
- Tugged down
Maritrans shares fall as Jones Act owner misses analysts' consensus, earnings drop 50% from year ago on continued refinery outages.
- Teekay tails off
Vancouver giant sees drops in earnings, revenues and trails 2005 in all three business segments, with aframax TCEs down as well.
- Star turn?
Corporate controller sells third of stock in Kristian Siem-led reefer operator as shares slip again.
- Morgan Stanley signs Heidmar pact
Parties have now reached 'definitive agreement' on buy of Connecticut logistics group by finance and trading giant.
- The plot thickens
What now for Venezuela as report claims Brazil's Andrade Gutiérrez recruited to build new domestic yard?
- Sovcomflot profit leaps 40%
Russian owner in the money to the tune of $86m for the first half of the year.
- CNN banks on Sestao profit
Spanish consortium expects Spain’s former Izar yard to make serious money over next five years.
- Four-fold gain for Finnlines
Finnish ro-ro owner sees second-quarter net income skyrocket as revenues increase across all sectors.
- Q-Ship earnings crumble
Big investment income in 2005 leaves 2006’s first-half profit looking meagre, but crude tankers performing well.
- Fesco ship grounds
Crew re-float ro-ro bound for Russia with cargo of Japanese cars off coast of disputed island.
- Indian boxship sinks
Stricken Shreyas Shipping vessel succumbs to heavy seas off India’s west coast with all 28 crew saved.
- Off the mark
Quintana takes accelerated delivery of the first of 17 Metrostar bulkers.
- Titan puts money in storage
VLCC owner spends $28m to take full ownership of Fujian facility.
- Jinhui buys again
Hong Kong bulker owner snaps up 2000-built handymax it had time-chartered six days previously.
- VLCCs cost Essar
Indian tanker owner's new acquisitions in first quarter raise interest costs and push down profit.
- ABG profit down
Slower first quarter for Mumbai-listed ABG Shipyard as revenues fall 14% on previous quarter.
- Cosco Corp expanding yards
Singapore-listed company’s Cosco Shipyard Group lines up $113m of upgrade work.
- Bibby back for a second
UK owner takes another diving support vessel on long term charter from Norwegian principals.
- OSM wins Eidsiva business
Norwegian group to provide technical management of Helena ro-ro in Sweden-Germany paper trade.
- Whale hits ferry off Wales
Irish Ferries vessel out of action after striking suspected whale en route from Dublin to Holyhead.
- TEN strengthens ties
Listed Tsakos tanker outfit charters more ships to Ecuador’s Flopec and Finnish oil firm Neste.
- ITS upgrades Med-US route
Italia Marittima is teaming with CMA CGM and Gold Star to bolster trans-Atlantic capacity.
- Cougar Ace under tow
Tug secures line to listing car carrier to test towing arrangement and to gain additional control.
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| AUGUST 2, 2006 |
- China Shipping to raise rates, add midseason surcharges
- Tropical's profits fall 15.5%
- CMA CGM, Zim, Italia add Turkey calls, boost U.S./Mediterranean loop
- Swire merges Indotrans loops
- FedEx gets $8 billion extension to fly U.S. mail
- World Air Holdings' 1st quarter profits down 64%
- Singapore Airlines' operating profit rises 8.2% despite cargo losses
- Atlas Air clears aircraft debt
- Jade ready for take off
- U.S. international air cargo up 8% in June
- Continental Airlines' cargo up 8.3% in July
- Pacer's 2nd quarter profit up 215%
- Expeditors' 2nd-quarter profits up 53% but share price plummets
- Senate Finance Committee moves Peru and Vietnam trade measures forward
- U.S. considers GSP benefits for East Timor
- USTR admits difficulty receiving GSP review petitions
- Rondeau named deputy commander, U.S. Transportation Command
- Sohar Aluminum selects Schenker
- APM Terminals, Saigon Port Co. plan Vietnam container terminal
- Oman terminal receives post-Panamax quay cranes
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| AUGUST 2, 2006 |
- Eimskip increases stake in Kursiu Linija
Icelandic Eimskip has aquired a further 20 per cent of the Kursiu Linija and now holds 70 per cent of ...
- Thran & Thrane buys Norwegian competitor
Thrane & Thrane, the Danish producer of satellite communication equipment, has purchased its Norwegian competitor Neras and thereby becoming the world’s ...
- DFDS switches to Swedish flag
DFDS Tor Line has re-flagged their ro-ro vessel "Tor Magnolia" from Danish to Swedish flag. The reason for ...
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| AUGUST 2, 2006 |
- Ports diverge on bullish crude
Bunker numbers seen higher in most US ports, but West Coast competition keeping prices down.
- Marine gasoil now available in Freeport
PDVSA advising of expanded service, encouraging bunker calls.
- DOE at a glance: Latest US oil inventory figures
DOE reports drop in crude and small gasoline inventory draw but gains for overall oil inventories.
- Global Risk Management announces team expansion
- Rising fuel cost takes toll on Wilh. Wilhelmsen
Q2 profits fall despite record operating income as cost are up.
- End of the line for Yukos
Moscow court ruling is the 'death sentence' of Russia's one-time biggest oil firm.
- Hong Kong expects typhoon to affect bunkering
The Chinese port of Zhanjiang is also expected to be affected.
- Malaysia launches oil spill response vessel
Oil spill response vessel to be deployed at Tanjung Pelepas and other Malaysian ports.
- Malacca Strait war-risk listing will affect country economies
Malaysian minister blasts decision by Lloyd's on the strait's war-risk listing.
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