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| OCTOBER 9, 2006 |
Shipping News
- Oil tanker rates seen rising 20% by Dec
RATES for carrying oil from the Middle East to Asia may rise more than 20 per cent by December as charterers rush to book ships for the year-end holiday period, said EA Gibson Shipbrokers Ltd.
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| OCTOBER 9, 2006 |
- 'K' Line, Gemartrans revamp N Vietnam service
- Fujian port capacity to reach 12m TEU by 2010
- Port of Rizhao seeks foreign investment
- Auckland to add 120,000 TEU, dredge to 12 metres
- APM Terminals opens new box facility in Zeebrugge
- Felixstowe rail terminal handles record box volume
- Singapore Airlines to be compensated for A380 delay
- Lufthansa Cargo to bolster schedule
- Aviance joins Cargo 2000
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| OCTOBER 9, 2006 |
- 1 dead, 9 Indians missing in shipwreck off eastern Japan
- East West Freight Carriers opens new office in Ahmedabad
- Workshop to market ship design!
- Asian Marine Insurance & Surveying Forum meeting on Oct. 12-13
- Khatau, Hajara remain at INSA helm 3 new faces come aboard
- ONGC’s floating vessel to resume operations at Bombay High soon
- Invest in India, PM tells SA firms
- 151 pc rise in natural rubber exports in H1
- New vistas to unfold at ‘Indian Ports & Shipping’ meet from Thurs.
- Adanis, L&T among 11 major players shortlisted
- Mumbai Port posts impressive 15.19 pc H1 throughput growth
- MCA tilted in favour of Railways
- Export cargo clearance at airports to be expedited
- Enticing core sector policy on anvil
- Way cleared for 25 more SEZs
- Industrial output rises by robust 12.4 pc in July
- AEPC setting up world-class apparel mart at Gurgaon
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| OCTOBER 6, 2006 |
- Swiss names general manager for Russia and the CIS
- MOL patents wind resistance-reducing car carrier design
- Dnata's fifo service boosts warehouse efficiency
- Volkswagen buys 15.1% stake in MAN
- GE Consumer selects DHL Exel in USA
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| OCTOBER 6, 2006 |
- Legal costs hit Stolt-Nielsen
- Crew medicals "save millions"
- Tanker industry pay benchmarking scheme
- MEPC ponders ship recycling, air pollution and ballast
- Costa Rica docks crisis worsens
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| OCTOBER 7, 2006 |
- Signet Maritime orders tugs
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| OCTOBER 6, 2006 |
- Rinker plans to build facility at Port of Portland industrial park
- Transportation Services Index takes big drop during August
- Oregon Maritime Museum plans annual river cruise/auction
- Senator Patty Murray celebrates bill passage at Port of Everett
- Intermodal tally continues string of positive weeks for rail freight
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| OCTOBER 9, 2006 |
- EU’s Borg pleads for ‘candid’ debate on European flag issues
THE European Commissioner spearheading Brussels’ search for a coherent maritime strategy has waded into the controversial debate over a European flag and coastguard by urging all sides to discuss the issues candidly.
- Danaos hits price target with $200m New York share offering
GREEK containership operator Danaos has achieved its pricing target in a $200m initial public offering on the New York Stock Exchange.
- GO Carriers unveils £13m rights issue for growth
GLOBAL Oceanic Carriers, the Greek dry bulk owner and operator listed on London’s AIM market, has unveiled a £13m ($16.3m) rights issue to help fund the acquisition of two vessels.
- Mammoet swallowed up as SHV increases holding to 75%
FAMILY-owned Dutch heavylift specialist Mammoet has been taken over by SHV, one of the largest private companies in the Netherlands.
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| OCTOBER 6, 2006 |
- Workers object to private port plan
THE Water Transport Workers Federation of India has urged the central government not to allow large port users to set up separate facilities near existing major ports
- Panama plans crime treaty for Filipino crew
PANAMA plans to establish treaty with the Philippines over assumption of jurisdiction for criminal offences committed by a crew member on a ship flying the Panamanian flag
- Danaos scores IPO success
GREECE-based boxship Danaos successfully sold 10.25M shares at $21/share, and has now begun trading on the New York Stock Exchange under the symbol ‘DAC’
- SNRH ready to work, unions ready to fight
THE CGT union is calling for an indefinite strike on tugs in all the French ports from Monday, 9 October, to protest against the start-up of new towage company SNRH
- Bulk trades 'driven by China shift'
A cultural shift in China is a prime mover in the complexion of bulk trades, according to one bulker boss
- Pakistani seafarers look to Bangladesh
- Bangla rate hike after safety move
- Media to blame for DPW fiasco
- Hapag adds Europe/West Africa service
- Russian terminals snapped up
- SSW teams up with Gdanska
- Hong Kong tightens on-board safety
- Japan considers N Korea ship ban
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| OCTOBER 6, 2006 |
- Retailer survey finds record container volume won't cause port congestion
Despite record volumes in October, U.S. ports should manage the peak shipping season without congestion, NRF survey finds.
- Passport requirement delayed for cross-border truckers
- Virginia ports approve Savi RFID for terminals
- Danaos IPO debuts
- Hapag-Lloyd expands with new West Africa loop
- "K" Line upgrades services to North Vietnam
- Brunswick plans $7M upgrades
- BA adds U.S. freighter route
- Target acquires N.Y. forwarder
- LA port names Christensen director of development
- Chennai traffic 'normal'
- Izmir postpones port bidding
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| OCTOBER 6, 2006 |
- Dr Coustas rings the changes as Danaos lists on NYSE
Danaos President and CEO Dr John Coustas rang the opening bell at the New York Stock Exchange today in celebration of the Greek boxship operators’ initial public offering of shares.
- Keelung Port cuts rent to lure private investors
Taiwan's Keelung Harbor Bureau has lowered the rent for berths 19-21, which will be put up for tender for the third time, in a bid to attract private investors.
- Second increase in a year for Indian Rail
- Forwarder says demand is still lower than supply
- STX gets orders for mid-size vessels
- Bangladesh to join Trans-Asia Railway
- Partners re-structure Vietnam services
- Sergio Bacci leaves ministry for Grupo Libra
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| OCTOBER 6, 2006 |
- Danaos holds steady
Greek boxship owner holds close to its $21 offering price on first morning as public company, with more than half of its 10.25m shares trading already.
- Teekay tanker in collision
Aframax Erik Spirit said to be in mishap that 'badly damaged' fishing vessel off coast of Maine.
- Borg opens up the floor
Europe's maritime chief says industry has seven months to shape future policy though critics remain sceptical.
- Magellan gets bigger
US property tycoon Randall Jackson’s planned residential cruiseship is adding 12 more apartments.
- NATS to raise $160m
Share issue will pay for Dynacom suezmaxes but did company miss a trick over stock price?
- Danaos hits bullseye
John Coustas-led boxship and bulker owner prices dead centre of target range in NYSE listing.
- ASL stock slides
News of Morgan Stanley exit sends shares in oil and gas service firm down nearly 10%.
- K Line relaunches Vietnam run
Japanese owner plans two loops to Hong Kong with partner Gemartrans.
- Merwede opens new slipway
Dutch shipbuilder wins first order for new facility in Krimpen from Superior Offshore.
- Geo in the money
Norwegian owner sells 1987-built construction ship for strong price as part of fleet renewal.
- Fisher buys again
British shipping group acquires UK-based monitoring systems group in cash plus debt deal.
- TTA ups Mermaid stake
Thai shipowner buys out another shareholder in offshore firm to lift holding to nearly 80%.
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| OCTOBER 6, 2006 |
- Three admit to taking bribes from CMA CGM
- Zim officer gets 1-year community sentence after vessel collision kills 7
- Danaos raises $215 million
- Hapag-Lloyd keen on Africa
- Mandatory Torres Strait pilotage in force
- "K" Line, Gemartrans to restructure Vietnam operations
- UPS supply chain operation braces for staff cuts
- Lufthansa Cargo to fly own planes to Los Angeles again
- Falah named director of operations at Sterling
- GSC splits executive offices from logistics facility
- Trade Tech opens office in Hamburg
- WWPC names Hecksher Poland rep
- DP World receiving strong offers for P&O business
- Eukor to make Port Canaveral calls
- APM Terminals officially opens Zeebrugge container terminal
- Calabrese named Ceres, Yusen IT chief
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| OCTOBER 6, 2006 |
- Røkke upbeat on European shipbuilding
Owner of Aker Yards, Kjell Inge Røkke, was extremely upbeat on the future of European shipbuilding in Oslo yesterday. He ...
- European flag to fail again
The concept of an Euro flag is set to fail, like it did in the early 1990s. Zoltan Kazatsay, EC’s ...
- Large order to Gdansk
Gdansk Shipyard secured an order for eight container vessels during the SMM exhibition in Hamburg. According to Andrzej Jaworski, CEO ...
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| OCTOBER 6, 2006 |
- US markets 'up and down', close quiet
Limited enquiries today with some firming despite falling crude.
- LSFO market share indicates good SECA compliance
Some suppliers have simply stopped selling HSFO altogether, with no apparent loss of volume.
- Aegean confirms lawsuit is pending
Supplier faces claims it should pay 'commission' on its Jamaican operation.
- Court sits this month to decide liability for Odessa bunker spill
Ship operator has already provided $32 million in guarantees.
- Rotterdam market stable Friday morning
- Two double-hulled tankers by December, Singapore supplier says
Minor technical faults have delayed the operation of new bunker tankers.
- Japan: Tight prompt supplies, prices steady
Refinery maintenance to end in November, market outlook remains unclear.
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