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| NOVEMBER 6, 2006 |
Shipping News
- Global funds climb aboard dry bulk freight boom
INVESTORS and speculators are pouring into the global dry bulk freight market as unrelenting Chinese demand for raw materials and limited capacity to build new ships promise large and solid returns.
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| NOVEMBER 6, 2006 |
- NOL group suffers 55pc drop in Q3 net profit
- Schneider to set up China trucking firm
- APM buys 61pc share in Dunkirk box facility
- Schenker, BAX to serve BOC Edwards
- Equipment unveiled at LA-LB to counter radiological weapons
- Busan becomes Lufthansa's second destination in S Korea
- Changi welcomes Jetstar
- China Southern awarded IATA operational safety certificate
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| NOVEMBER 6, 2006 |
- Brainstorming sessions, probing questions open up newer horizons for maritime fraternity
- STX Pan Ocean to launch new weekly Gulf Asia Express service
- MOL upgrades service between Nhava Sheva, Malaysia & Singapore
- ONGC may come aboard INSA soon
- ESL now a name to reckon with
- European Friends of India for stronger trade ties
- Japan striving for Economic Partnership Agreement with India
- Iron ore exports to China may touch 83 m tonnes
- Uncle Sam’s veto sinks shrimp exporters’ hope
- Taiwan means business with India
- Sethu Corp. invites bids to prepare DPR for Colachel box transhipment hub
- Commerce Ministry asks CONCOR to prune freight rates for exporters
- FedEx acquires Pafex
- 1st freight train run between China & Germany!
- India, Pak explore scope to augment rail freight services
- Over 150 proposals for zones deferred
- FinMin against singling out countries for FDI proposal checks
- Vizag too dots SEZ map
- Apparel exporters applaud RBI’s monetary policy
- FIMI estimates ore reserves to last 100 years
- PPP appraisal panel clears 4 road projects
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| NOVEMBER 3, 2006 |
- Raymond new Horizon Lines chairman
- DFDS profit forecast 2006 upgraded
- Lufthansa adds flights to winter timetable
- Russian RZD requires locomotives
- Leimgruber to operate Bata Swiss central warehouse
- CCA temperature measurement workshop, 13-14 November, Sweden
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| NOVEMBER 3, 2006 |
- ICS wake-up call to Indian owners
- US Shipping Partners’ Q3 loss
- Deep Sea Supply’s high earnings
- NOL profit down
- Costa Rica dock strike settled
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| NOVEMBER 4, 2006 |
- Bourbon splashes out at Beier
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| NOVEMBER 3, 2006 |
- First Sound Transit car crosses Port of Everett docks
- Mixed result during week for US rail freight traffic
- Port of Seattle CEO slams false new reports
- Port of Bremerton honors several 'partners in business'
- Customs officers nab Canadian trying to sneak drugs back across border
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| NOVEMBER 6, 2006 |
- ILO ‘bill of rights’ will stem tide of seafarer shortages
ASIAN shipowners believe the International Labour Organisation’s maritime labour convention, which was adopted last February, will help increase the recruitment of seafarers while stemming the number leaving the industry.
- Cargo demand fuels solid growth in capesize rates
CAPESIZE rates are set to remain strong for at least the rest of the year, buoyed by high cargo demand, according to a new review of the dry bulk markets presented to delegates in Shenzen by Simpson Spence & Young Beijing dry cargo broker Anton Harder writes Keith Wallis.
- Militants set to target Niger Delta oil firms
SEPARATISTS in the Niger Delta may be about to embark on a terror campaign against oil industry targets in the country, the US consulate in Lagos has warned, writes David Osler.
- Alchemy sees gold in Lloyd’s market with Cathedral buy
A VENTURE capital fund is to take over Lloyd’s operation Cathedral Capital in a £113m ($215m) deal that signals new confidence in the market.
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| NOVEMBER 3, 2006 |
- Izar yard sale approved
MADRID 03 November – Spain’s council of ministers today approved the sale of three former Izar yards, thereby allowing the owners of the yards at Gijon, Sestao and Seville to start bidding for new orders
- BP to link platforms to Houston
BP America is to string a 1,300-km network of fiber optic cable from Houston to its offshore oil platforms in the Gulf of Mexico to help technicians monitor their performance
- Benin court releases Russian accused
FOUR Russian tanker crewmen have been cleared of theft charges by a court in Benin, in a case that also accuses a Greek ship owner of malpractice
- China, Vietnam agree $800M deals
REPORTS from Vietnam say $800M of shipbuilding business has been agreed as part of an investment forum this week involving Chinese and Vietnamese businesses
- Canada's plans for CWB hits opposition
CANADA'S government is studying a proposal to change the Canadian Wheat Board from a state trading monopoly to a farmer-owned co-operative
- Two crew lost in Baltic sinking
A Swedish officer and Filipino rating are now confirmed to have lost their lives as a result of the sinking, late on Wednesday, of the ro-ro cargo vessel Finnbirch
- Brisbane responds to toxic leaks
- Boxship deliveries boost HHI
- Lower freight rates cut NOL profits
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| NOVEMBER 3, 2006 |
- Oakland's Bridges named to Virginia post
If approved by the board of commissioners later this month, Jerry Bridges will replace the retiring J. Robert Bray as executive director of the Virginia Port Authority.
- Calif. ports get mobile radiation detectors
- Halifax to deepen berths
- Nehru forced to slash rates
- FedEx to raise rates
- BA profit dives
- Truckers end strike in India
- Entrepreneur eyes Indian terminal
- Rail traffic stagnates
- U.S. ports escape peak congestion
- West Coast containers fall from August peak
- NOL halved profit in Q3
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| NOVEMBER 3, 2006 |
- Halifax Southend Terminal announces berth dredging to accommodate post-Panamax vessels
The Halifax Port Authority today announced it will deepen the berths of its Southend Container Terminal, operated by Halterm Limited, to accommodate the latest vessels.
- Police raid on Grand Bahama Port Authority offices takes Hutchison by surprise
Police raided the premises of Grand Bahama Port Authority late Thursday as a fight for legal control of the company took an extraordinary new twist, writes Lloyd’s List.
- Accidents cause major disruptions to Australian rail freight
- COSCO and CSCL to co-operate on China domestic routes
- Minister’s intervention sees Kerala truckers return to work
- Jakarta moves to reassure potential investors in transport projects as House deliberates over law revisions
- Despite intensive discussions, carrier-shipper debate remains polarised
- Australian regulator takes stick to stevedores, again
- Seaspan announces IPO price
- Drewry expects freight rates to fall through supply/demand gap over the next year
- Ex-Sea-Lander assumes leadership of Virginia Port Authority
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| NOVEMBER 3, 2006 |
- Konig take Schoeller pair
Brokers say Italo-German Scorship has paid $48.5m a copy for two year-old products tankers from the Interorient stable.
- Consolidation clash
Greek owners put family values before corporatist creed in closing debate of Greek Shipping Summit
- Clean up your act
BHP Billiton executive Gideon Oberholzer tells bulk shipping it needs to open up its books and raise standards again.
- Topless transaction
Evangelos Pistiolis-led Top Tankers has cut its owned fleet but boosted its share with a further ship sale.
- Chernomorsky asks for help
Ukrainian yard wants premier Viktor Yanukovych to come up with cash and legislation to boost fortunes.
- Model marketing
Carnival invites marketing folk to lunch on ship that failed sanitary inspection.
- NATS in the money
Herbjorn Hansson’s suezmax fleet is still earning five times breakeven rates.
- Deep Sea turns tap
Historically high rates in North Sea sends profit skyward at offshore player Deep Sea Supply.
- Shipowners at Summit
Greek community have never had it so good as they gather for Athens forum.
- Tools downed at Turku
Workers at Aker Yards’ Finnish facility on strike over tax on daily allowances.
- Indian owners face tax probe
Taxman investigates shipping companies’ record of paying tax on foreign business.
- Solstad sells
Norwegian owner makes profit from offloading construction ship to charterer Deep Ocean.
- Owning pain in AAS profit
Lack of revenue hurts Aker American Shipping in latest quarter as it awaits delivery of first owned vessel to OSG.
- Mercator confirms kamsarmaxes
Indian shipowner says two geared 84,000-dwt bulkers set to join fleet in January and June 2007.
- Samsung fishes for space
Korean shipbuilder to spend big on reclaiming land from the sea off Geoje.
- US Shipping slips to a loss
Increased expenses outway benefits of extra tonnage and higher rates at US-flagged tanker owner.
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| NOVEMBER 3, 2006 |
- Ro/ro freighter goes down in heavy seas
- STX Pan Ocean to join Hanjin's Gulf Asia Express
- FedEx buys out Indian subsidiary
- American's cargo up 1% in October
- CORRECTION: Qantas backs A380 by taking options for eight more
- U.S. railroads’ intermodal volumes up 1.9% in October
- BOC Edwards selects Schenker, BAX Global
- Wine logistics study planned
- Savi gets RFID go-ahead from China
- ICTSI promotes Oakley to VP, engineering
- Quality Freight joins Worldwide Project Consortium
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| NOVEMBER 3, 2006 |
- Finnbirch sank off Öland – two lives lost
On Wednesday evening, the Swedish-flagged ro-ro carrier Finnbirch sank east of Kårehamn, on the island of Öland, in ...
- Stormy weather blew two ferries ashore
The heavy weather that swept over Scandinavia on thursday made it difficult for two Danish domestic ferries. On the Isle ...
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| NOVEMBER 3, 2006 |
- US bunkers respond to crude markets
Diverging responses to oil price rollercoaster this week as US Gulf finishes busy week.
- Chemoil clarifies diesel fuel rule
Supplier advising clients on compliant fuels to meet new California requirements.
- One down, one to go
Bunker lightering operations taking place on two ships stranded in Japan.
- Work starts on South Africa's first double-hull bunker barge
Keel laying ceremony at Durban yard marks beginning of conversion to double-hulled bunker barge fleet.
- WFS celebrates Irish partnership
Both high and low sulphur marine fuels offered at Irish ports.
- Vopak profits up by a third as terminal expansion continues
Vopak is adding more than 1.6 million m³ of storage capacity around the world in response to growing demand.
- Bunker supplier moves into IFO market off West Africa
SK Shipping to start supplying residual product later this month.
- Rotterdam market stable Friday morning
- Shipping company cuts bunker consumption by 10%
Yang Ming Marine Transport Corp says savings from slower steaming better than expected.
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