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| JULY 7, 2006 |
Shipping News
- Keppel to be 1st Asian shipyard to build ice-breakers
KEPPEL Corporation will become the first Asian shipyard to build ice-breakers, after securing a $260 million deal for two vessels from Russia's Lukoil Oil Company, controlled by that country's second-richest man Vagit Alekperov.
- China river port firm hopes to break even
RIVER port operator CIG Yangtze Ports plc hopes to break even in 2007 despite tough competition, and will embark on a HK$500 million second-phase expansion in central China as early as next year.
- N America grain freight rates fall, but long-term forecasts bullish
FREIGHT rates for hauling grains from North America to Asia have fallen after peaking late last week, but market projections remained bullish for the long term, brokers said on Wednesday.
Admiralty Casebook
- When pallets are the packages
PALLETS packed within large intermodal containers are packages for the purpose of the US$500 per package limitation in the US Carriage of Goods by Sea Act , an appeals court in the US ruled last month.
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| JULY 7, 2006 |
- Hanjin Shipping to renew Kaoshiung terminal lease
- EU: repeal of industry exemption to be subject to conditions
- FICT achieves new productivity record
- MOL to add stop to India-Pakistan container service
- AADA to reduce bunker surcharge
- ICTSI issues US$85m of notes through Standard Chartered Bank
- Coscon named shipping line of the year
- China's fourth independent air cargo carrier takes off
- SAS to increase China-Scandinavia capacity
- Thai to continue to provide Bangkok ground handling for Cathay
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| JULY 7, 2006 |
- Safmarine is 60 years young!
- SCI-ONGC JV may rope in L&T for offshore venture
- FEFC announces peak season surcharge
- MOL upgrades KEX service
- Tirupur units aim for exports worth Rs 10,000 cr. by 2008
- Heavy rains dampen operations at Paradip Port
- States stress need for time-bound road/rail links to ports
- Work on Dhamra port to begin after monsoon
- Mundra Port on a roll!
- Prioritise capacity-addition projects in ports-Baalu
- CONCOR set to wean away portion of edible oil traffic by road on Kolkata Port-Nepal route
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| JULY 6, 2006 |
- Port of Rotterdam authority appoints managers from business community
- Hamburg Süd and Fesco complete cross-trade deal
- British Airways World Cargo selects Unitpool
- New operational structure for SBB Cargo
- New East European tyre DC in Romania
- Canada and Portugal sign air services agreement
- New website for Swiss SVS
- Aviation summit in India
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| JULY 6, 2006 |
- Titan Petrochemicals orders bunker barges
- Don’t let yards "wriggle" warns lawyer
- BW Gas issues US$224m bonds
- Island Offshore orders platform support ships
- EC investigates Hellenic aid
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| JULY 6, 2006 |
- Abu Dhabi starts corvette construction
- World's fastest 6,655 TEU box ship
- Major Egyptian contract for Voith Turbo
- Island Offshore orders PSV's
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| JULY 6, 2006 |
- DOT looks at ending antitrust immunity for IATA
- CKYH alliance carriers change calls in AWE-5 run
- Hamburg Sud closes deal for FESCO liner services
- Port association calling for phase in of transport worker ID
- Eagle Bulk Shipping adds new Supramax bulk ship
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| JULY 7, 2006 |
- US and France named in P&I club attack on anti-pollution ‘bullies’
SHIPOWNERS are increasingly concerned about what they see as bullying and over-reaction by some countries in enforcing anti-pollution rules.
- Parliamentary ports probe to investigate foreign ownership
FOREIGN ownership will be among the topics considered in a House of Commons transport committee investigation into British ports, the group’s chairman confirmed yesterday.
- APM looks for greater autonomy
TERMINAL operator APM Terminals has confirmed that it is keeping an eye out for possible acquisitions and signalled its intention to become less dependent on its parent company, AP Moller-Maersk.
- Greek owners in $6bn record newbuild spree
AFTER a slow start to the year Greek shipowners have placed orders for new ships worth record amounts in the first half.
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| JULY 6, 2006 |
- Five targeted over waste reception
THE European Commission is to take legal action against five EU member states for failing to respect EU legislation on improving the availability and use of port reception facilities for ship-generated waste and cargo residues
- Finnlines offloads Team Lines
FINNLINES, the troubled Finnish shipping group, has sold Team Lines, its feeder container shipping division, to Belgian company Delphis
- Stolt operating income on rise
STOLT-Nielsen has reported improved second-quarter results and provided new updates on its legal conflicts
- Borgestad joins Aker in FPSO venture
NORWEGIAN industrial group Aker Kvaerner is to take a majority stake in a joint venture with compatriot Borgestad to operate FPSOs
- Billy Star liability to be determined
KEPPEL Batangas Shipyard might be held liable for pollution created by the sinking of the non-propelled barge Billy Star, even though the yard claims it is not responsible
- Bay of Fundy Ferries seeks state aid
THE operator of a ferry service across Canada's Bay of Fundy says it will be closing at the end of October unless government help is provided
- Ponomarenko focuses on Novo port
- NYK doubles Atlantic N-S capacity
- Robles defiant as union changes
- Wärtsilä cleared of bribery charge
- BW Gas raises $226M in bond issues
- Blue Star buys DANE assets for $19M
- Grounded bulker awaits salvage
- Hyundai Group tightens grip over HMM
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| JULY 6, 2006 |
- Mineta calls on bipartisan support for transportation infrastructure solutions
Outgoing Transportation Secretary warns the U.S. could lose its leading economic position if it does not resolve its transportation infrastructure problems.
- Hanjin Shipping deploys world's fastest boxship
- DHS: $168M for port security
- Proposal would allow more China high-tech exports
- S. Carolina agencies tossed from Charleston case
- Export ABCs: Certificates of Origin
- Raymond joins Carolinks board
- Rail carloads up
- OH Logistics acquires Barthco, others
- Feeders drop India region surcharges
- Some flooding of grounded Safmarine ship
- UK drinks deal completed by Kuehne & Nagel
- BDP founder Bolte dies
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| JULY 6, 2006 |
- Team Lines to diversify as Finnlines returns to 'core' with Delphis sale
Finnlines’ sale today of commercial feeder-operator Team Lines, to Delphis Shipping, leaves the Finnish company concentrating on other, core businesses, as the German-Belgian partners diversify their geography and, importantly, activities.
- Spoornet reports remarkable improvements in Jo'burg rail link
South Africa's railway utility Spoornet has made dramatic improvements in efficiency, reducing the time taken to transport freight from the industrial heartland in Gauteng to Durban harbour.
- Hanjin to put world's fastest boxship on Asia-Europe trade
- NYK upgrades Atlantic north-south service
- Agulhas 'grounded' on previous wreck
- Yangshan boosts SIPG's throughput
- Greeks order four post-panamaxes from China yards
- South Korea's Daesan to build four berths
- Southampton stakeholders to apply for rail-gauge funding
- Vostochniy continues two-way growth dynamic: transit down, import/export up
- Lineas Feeder ends three-year search with feeder purchase
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| JULY 6, 2006 |
- SEC probes Stolt
US securities regulators have questions about chemical carrier's admitted backdating of employees' stock options.
- UK attacked over piracy
Lawmakers demand British government take action to end violence against seafarers.
- Seaspan adds four more
New York-listed containership owner Seaspan is adding $180m more worth of boxships to a series for China Shipping.
- Svithoid oversubscribed
Swedish tanker owner completes $11.7m rights issue to fund newbuilding programme.
- Stolt-Nielsen getting stronger
Norwegian controlled tanker owner posts better profit from continuing businesses in first half.
- Delphis buys TeamLines
Alexander Saverys hits the takeover trail as he builds his shortsea liner business.
- Rieber takes step forward
Norwegian owner buys seismic survey ship plus UK shipmanager TMI.
- Eagle gains credit
Royal Bank of Scotland increases credit facility to US-listed Eagle Bulk Shipping to $450m.
- Frontline wins appeal
London court rules against charterer Vitol in “Clash of the Titans” laytime battle.
- GE doubles up at STX
Indian owner Great Eastern adds two more LR1 tankers to orderbook at Korean yard.
- Greek owner hits back
Claim of lack of assistance refuted by owners of bulker which collided with tug in port of Kandla, India.
- Nigeria challenges AP Moller
Consortium of local agencies set up to wrestle port operator monopoly in Apapa from shipping giant.
- Island back at Aker
Norwegian owner Island Offshore signs for two platform supply vessels at compatriot Aker Yards.
- PNSC under fire
Officers’ union criticises enforced retirement of 14 members by Pakistan's national shipowner.
- Borgestad floats Aker’s boat
Aker Kvaerner and Borgestad of Norway form joint venture company to operate FPSOs.
- More money for Ukrferry
Ukrainian freight and passenger ferry operator trebles profit in 2005.
- Blue Star wins Dane ships
Attica-controlled Greek ferry operator buys rival’s three-ship fleet at auction.
- Kaspar continues to grow
Azerbaijan state shipowner bumps up cargo volumes in first six months.
- BW Gas raises Yara cash
Norwegian owner issues three and five-year bonds to fund gas carrier fleet acquisition.
- Offloading underway
Containers and fuel being removed from Safmarine Agulhas in bid to refloat grounded boxship.
- RCL in route revamp
Thai intra-Asian operator to shake things up on Asia Middle East and Gulf feeder services.
- Jumbo adds another
Growing demand from offshore industry prompts Dutch heavy-lift specialist to order fourth ship.
- Wartsila wins appeal
Finnish court of appeal agrees with original verdict in bribery case involving engine builder.
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| JULY 6, 2006 |
- NYK, Hapag-Lloyd boost U.S./East Coast South America service to weekly
- RCL to join Middle East-Asia Express of OOCL, T.S.K.
- Inchcape names Coghlan chairman to assist "aggressive expansion drive"
- Emirates Shipping Line establishes Korean agency
- B+H buys tanker
- Salvors attempt to refloat Safmarine ship
- SJ Consulting adds ocean shipping analyst
- Canada, Algeria sign first air transport agreement
- Kuwaiti cargo handler NAS Cargo joins Cargo 2000
- Velocity Express to buy CD&L
- Ryder introduces tracking system
- BIS proposes rules revising export licensing requirements for China
- California remains top U.S. ag product exporter
- Bolte, BDP International founder, dies
- FMC reviews 13 OTI applications, revokes 3 licenses
- FPS New Zealand opens Christchurch office
- Dalian Automobile Terminal opens
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| JULY 6, 2006 |
- Bullish prices keep West Coast quiet
After a rush in San Francisco yesterday, suppliers reporting little demand in California today.
- California ports and IMO in emissions race
LA and Long Beach putting local measures on the agenda as IMO looking to 2007 for global review.
- DOE: US oil inventory moves at a glance
- New box giant ticks environmental boxes
World's biggest box ship has been assigned Lloyd's Register's Environmental Protection Notation.
- ARA market opens firm after crude gains
- Malacca Straits remains a piracy playground
Pirates attacked two UN-chartered vessels and one Japanese bulk carrier over the past week.
- Singapore: Stocks of residual fuels and distillates drop
Onshore stocks of middle distillates fall by nearly three million barrels from week-ago levels.
- Singapore spot market slows
Strong crude prices in New York expected to send bunker prices on bullish prospect today.
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