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| DECEMBER 7, 2006 |
Shipping News
- Royal Caribbean to launch 5 regional cruises
ROYAL Caribbean International, one of three cruise lines planning to use Singapore as a home port, has announced its schedule of five regional cruises.
- Dalian Port, NYK plan container venture
DALIAN Port Company, operator of China's biggest crude oil terminal, Nippon Yusen KK and China Shipping Co agreed to form a venture to build container berths in Dalian to tap the country's rising sea cargo demand.
- Hanjin, Kawasaki Kisen enter stake swap deal
SOUTH Korea's top shipping firm Hanjin Shipping Co and Japan's third-largest shipping firm Kawasaki Kisen Kaisha Ltd entered a stake swap deal to strengthen an existing alliance, the companies said yesterday.
- Shipping firm will use SkySail to conserve fuel
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| DECEMBER 7, 2006 |
- Haffa welcomes Hong Kong's decision to shelve GST
- TT Club to cover against bio-chemical terror attacks on maritime industry
- China, US to enhance logistics co-operation
- SITC inaugurates direct Qinhuangdao-Japan service
- Greek ports on strike over privatisation of operations
- Congolese port delegation discusses electronic tracking
- ICTSI's Gydnia terminal awaits delivery of two quay cranes
- Oasis airlines wins nod to fly over Russian airspace
- FedEx hikes rates by 4.9pc in 2007 - highest since 1998
- Russian-owned AirBridge finalises deal to buy Boeing 747-8 Freighters
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| DECEMBER 7, 2006 |
- No dismantling SS Norway for now-SC
- Adanis’ move to create bunkering hub in Gulf of Kutch
- Israelis mean business
- Maya Sinha given addl charge as Chairperson, JNPT
- GMB invites EoIs for multi-purpose port terminal at Dahej
- Paradip posts steepest monthly spurt in cargo handling at 44 pc in Nov.
- Port workers observe World Aids Day
- FDI cap in air cargo sector to be hiked steeply
- Punjab Conware CFS near JNP attracts several bidders for O&M contract
- EOUs & SEZs seek extended tax holiday, CST waiver
- AIAI felicitating French business delegation today
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| DECEMBER 7, 2006 |
- CMA CGM upgrading Tour du Monde Panama direct service
- More Bmibaby flights from Birmingham
- Mons S. Bolin new owner of Obas
- C.H. Robinson acquires Indian service providers
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| DECEMBER 7, 2006 |
- Russian unions set to merge
- Quintana pays CMB US$92.5m for capesize newbuilding
- Skaugen in newbuilding sale and leaseback deal
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| DECEMBER 6, 2006 |
- EC approves state aid for Maersk's German shipyard
- Yantai Raffles to build jackup
- Newbuild anchor handler bought for conversion
- TT Club offers "dirty bomb" insurance
- Keppel FELS books $371 million rig order
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| DECEMBER 6, 2006 |
- Olympia Port Commission approves budget for 2007
- Bellingham waterfront redevelopment nets funds from new Washington source
- Corps closing Bonneville Lock for underwater inspection
- Horizon Lines extends agreement with Maersk
- BNSF works with Columbia Grain to expand Carter, Montana facility
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| DECEMBER 7, 2006 |
- James Fisher buys Everard to create Britain’s largest marine services group
JAMES Fisher is splashing out more than £50m ($95m) for rival product tanker operator FT Everard in a takeover which will create a fleet of about 30 vessels within what is set to be the largest British-owned shipping and marine services group.
- Svitzer shown no Mersey by Adsteam regulatory blow
DANISH towage and salvage group Svitzer Marine may be forced to dispose of some of its activities in Liverpool in order to buy Australia’s Adsteam Marine.
- Fury at rise in British fuel duty
Chancellor Gordon Brown’s decision to increase British fuel duty with immediate effect was yesterday blasted as "a breach of faith" by the Freight Transport Association, writes David Osler .
- Nordic Tankers brings in heavy hitting Danish duo
COPENHAGEN bØrs hopeful Nordic Tankers of Holstebro has lured two Danish shipping heavyweights to its boardroom as further orders grow its fleet to 12 vessels.
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| DECEMBER 6, 2006 |
- James Fisher buys FT Everard
LONDON 06 December – James Fisher, the UK-based ship owner and marine service provider, has acquired product tanker owner FT Everard for £23.7M ($46.6M) in a move that will boost Fisher's fleet and generate "strong and reliable cash flows over the medium term".
- Wilhelmsen sets up bunker venture
WILHELMSEN Bunkers is moving into the UK market via a joint venture with Premier Marine Fuels. Full story
- MidEast shipping still buoyant
MIDDLE East shipping and ports have seen steady growth over the past five years despite geopolitical tension, the Seatrade conference was told yesterday. Full story
- Stern warning for Caribbean nations
CARIBBEAN nations will only thrive if maritime trade can shrug off bureaucracy, Customs slowdowns and inadequate security, conference delegates have been warned. Full story
- Key Congressmen focus on security
- Crew rescued as Mighty Servant sinks
- Guilty seafarers await sentencing
- Disappointment for Indian owners
- Boluda eyes Marseilles' dock 10
- Liverpool snag for Adsteam takeover
- Migrant Watch: US/Caribbean
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| DECEMBER 6, 2006 |
- Box traffic slows, but still up on 2005
Latest survey shows container traffic at U.S. ports slowing down after record peak season, but most ports will continue to show growth from a year ago.
- "K" Line, Hanjin in reciprocal stock buy
- JoC parent buys OAG
- Bayport sets test run
- FedEx ups ground rates 4.9%
- EU trade chief wants pacts with emerging nations
- Intermarine route links Asia with the Arabian Gulf
- Airlines see belly cargo gain
- Lessor cancels Airbus order
- Box hub planned for Dahej
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| DECEMBER 6, 2006 |
- Updated: Dalian port to form JV with NYK and China Shipping to build RMB3bn box terminal
NYK, China Shipping and Dalian Port Co. (PDA) are to develop a RMB3bn (US$400m) deepwater container terminal in Dalian.
- Short period geared vessels prop up seasonally weak charter index
- FTA says chancellor’s pre-budget report is all stick and no carrot
- Gunsan to launch new subsidy scheme next year
- Hanjin and K Line in share swap to protect aagainst hostile takeovers
- Competition Commission says Adsteam/SvitzerWijsmuller merger would create Liverpool monopoly
- NZ, EC reach better butter accord
- Imbituba to set terminal tender process in motion
- OOCL allocates biggest ships to Australian trade
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| DECEMBER 6, 2006 |
- Texas twister
Federal judge hands major legal win to Overseas Shipholding Group in OWS case, limits US criminal prosecution of record-book charges.
- Teekay takes Skaugen newbuilds
Canadian owner buys three LPG carriers being built in China and one from parent in deals worth $106m.
- 'A ship passing every port'
James Fisher promises savings and service with purchase of rival but remains mum about possible job losses.
- DryShips lets oldie go
Twenty-two- year-old capesize fetches almost $25m as company finally announces panamax purchase.
- Maersk faces competition hitch
UK finds Danish takeover of tug group Adsteam will affect services in Liverpool.
- OSG pulls listing
Tanker owner withdrawing from NYSE Arca exchange to avoid duplication and higher costs.
- Dockwise ship sinks
Cause of accident still a mystery as vessel goes down after discharging platform.
- Fisher swallows Everard
UK-listed tanker owner will pay £52m to take over rival saying synergies will fund expansion.
- Skaugen sells oldie
Norwegian owner continues fleet renewal with offloading of 24-year-old LPG ship.
- ACM up on debut
London broker’s first day of trading sees share price jump 7%.
- Montanari inks aframaxes
Italian tanker owner heads back to China for two more $60m ships.
- Bunker bedfellows
Wilhelmsen Bunkers of Norway and Premier Marine Fuels of the UK to merge in New Year.
- Tallink eyes Gotland run
Estonian owner wants to use Silja ships on subsidised service to Swedish Baltic island.
- Gdynia to pay debts
Deal reportedly reached over money owed by Polish shipbuilder to Gdansk subsidiary.
- TT offers terror cover
Liner shipping mutual overcomes market exclusions to offer dirty bomb insurance.
- Adani eyes ships
Indian charterer wants panamax bulkers at it plans to step up coal imports.
- Excelerate, Exmar name the day
Date revealed for first delivery of LNG into the UK's new Teesside Gasport terminal.
- SFL gets upgraded
Standard & Poor’s pushes ratings up a notch on Fredriksen-controlled ship finance company.
- Share swap out East
Far Eastern liner giants Hanjin and K Line agree to buy each other’s stock to enhance market position.
- GOC beefs up board
Global Oceanic Carriers appoints two to its board as it details employment for latest additions.
- NYK inks Dalian MOU
Japanese owner to combine with Chinese interests to develop container terminal at Dayao Bay.
- SembCorp wins Saudi deal
Singapore yard group to build $180m self-elevating heavy-lift jack-up barge for Saudi Aramco.
- Fulford ups Clarkson stake
Richard Fulford-Smith picks up shares in UK shipbroker as stock sinks to two-year lows.
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| DECEMBER 6, 2006 |
- China Shipping (Europe) boss wants more consolidation
- "K" Line, Hanjin buying each other’s shares
- Torm conducts valuation amid takeover speculation
- Look, ma! No doors!
- DOT backs off airline ownership rule
- BIS begins proposed China rule comments review
- U.S. calls for more export access in Japan
- Census, CBP "back to the meeting table" on mandatory AES
- Increase in Israeli boycott activities noted from Iraq, Libya
- TT Club to cover "dirty bombs"
- BIS encourages voluntary self-disclosures of potential export errors
- GAO reports poke holes in U.S. export information protections
- Deemed export advisory group makes progress
- Census teams prepare to meet with AES filers
- U.S., Costa Rica agree on pocket fabric under CAFTA
- FMC reviews 16 OTI license applications
- FMC reviews 16 OTI license applications
- Emirates’ Khan: Terminal investment must match shipping
- NYK, China Shipping in joint venture at Dalian Port
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| DECEMBER 6, 2006 |
- New large stockholders in Concordia Maritime
Several hedge funds, with the Danish Mads Eg Gensmann’s Parvus Asset Management as one of the largest, now controls 10 ...
- Fast ferry Drammen-Boulogne autumn 2008
UK operators Chikara Shipping is to operate the first fast ferry (a BGV – Bateaux a Grande Vitesse) between Drammen in ...
- DFDS sells the oldest ro-ro in the fleet
LISCO Baltic in the DFDS Group has sold the ro-ro vessel Tor Neringa to a Latvian company for immediate ...
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| DECEMBER 6, 2006 |
- US oil inventory erosion continues
Stocks of crude and key oil products decline even as imports recover and refineries boost output.
- Antwerp refinery back on stream
Fuel oil traders expect refinery to be offering product again on Friday.
- EMSA strengthens oil spill response fleet
Two more bunker tankers join European anti-pollution programme; further expansion planned.
- Bunker spills contribute to worsening record
The number of oil spills in Russian port is growing.
- Shipping line diverts traffic to avoid Piraeus
Bunker deliveries normal despite overtime ban, but worries remain.
- Major bunker brokers join forces
Wilhelmsen Bunkers and Premier Marine Fuels are merging to form firm with "high environmental awareness profile".
- Rotterdam barge market continues quiet
- High-seas re-fuelling to start in potential bunkering hub
Indian firm to take delivery of barge and start high-seas bunkering in the Gulf of Kutch.
- Oil prices slip slightly
Oil prices fall on warmer weather forecast in the US, OPEC output doubts.
- More bunker product heading to Singapore from Kuwait
Kuwait Petroleum Corp has offered its fourth parcel into Singapore within a month.
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