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| NOVEMBER 9, 2006 |
Shipping News
- PSA shortlisted to bid for Pakistan port's operation
PSA International is among four shortlisted terminal operators bidding for a 40-year concession to operate Pakistan's first deep-water port, including container and multi-purpose cargo handling, a report said.
- Somalian Islamist forces free ship from pirates
FORCES loyal to Somalia's powerful Islamist movement stormed a ship hijacked by pirates off the Somali coast, freeing the vessel and its crew after a fierce gunbattle, a maritime source said yesterday.
- Europe's TUI seen posting lower Q3 earnings
TUI AG, Europe's largest travel company and the owner of the Hapag-Lloyd shipping line, may report today that third-quarter profit dropped as lower Asian freight rates and higher fuel costs weighed down its marine division.
- Torm Q3 pre-tax profit rises, but misses forecast
- New York mud finally defeats USS Intrepid
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| NOVEMBER 9, 2006 |
- 'K' Line, Yang Ming to upgrade Asia-Mediterranean services
- MOL to upgrade intra-Asia container service from S Korea
- TNT logistics unit sale complete
- TSA sets up executive committee to lead group
- Evergreen vessel named ship of the year
- Yuchai Group to build a new logistics park in Nanning
- Asiana commences Guangzhou-Seoul service
- FedEx drops Airbus A380s in favour of Boeing 777s
- Volga-Dnepr transports 95,000 tonnes of air cargo from Jan-Sept
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| NOVEMBER 9, 2006 |
- SCI incharters 3 brand new ships for idx & Hyper Galex services
- Exim Bank credit for Hungary
- Fresh look at import price of edible oil soon
- Indo-German trade posts 35 pc growth in April-Oct.
- JDN signs MoU for dredging Dighi port to 12.5-m draught
- Goodearth seeks green signal to build shipbuilding yard at Cuddalore
- PL signs 50-year concession pact with MMB
- Chidambaram hints at tax cuts after greater compliance
- FM asks banks to gear up to finance 3rd-largest economy
- Scrap special addl duty on ELS cotton imports-SIMA
- STC, FCI spat on high demurrage charges payment worsens wheat import imbroglio
- CBDT tightens norms for issue of tax refunds
- Booming economy spawns more billionaires than in China
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| NOVEMBER 9, 2006 |
- Envirotainer names Thomas Persson as CEO
- "UAL Antwerp" calls at port of Antwerp
- Volga-Dnepr delivers cargo from UAE to Russia
- German government agree to sell Deutsche Bahn minus track
- Inditex launches logistics platform in León
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| NOVEMBER 8, 2006 |
- Islamic Militia rescues hijack ship
- Box boat kept out of US port
- K Line in capesize deals with Baosteel
- Union in EU ferry jobs campaign
- Exmarraises euros75.2m
- Singapore-flag ship rescues yachtsman
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| NOVEMBER 8, 2006 |
- Eagle Bulk inks newbuilding contracts
- CH Offshore places AHTS order in Japan
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| NOVEMBER 8, 2006 |
- Port of Everett Deputy Director leaving position December 31
- Transportation Services Index shows increase for month of September
- EVER SUPERB wins honor as top ship for 2006
- TSA making leadership changes by adding Executive Committee
- California Maritime Academy offers security awarness course
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| NOVEMBER 9, 2006 |
- Georgiopoulos to bide time on acquisitions
GENERAL Maritime chief executive Peter Georgiopoulos has said the company will use its $1bn war chest to “pick people off”, but only when ship prices come off the boil.
- Regulators and yards slammed by Pacific Basin boss
RICHARD Rawlinson, general manager for newbuildings at Hong Kong bulker operator Pacific Basin, has hit out at the IMO and other regulators for their approach to environmental legislation.
- Doubt cast on owners’ call to reduce sulphur emissions
THE managing director of the Hong Kong Shipowners Association, Arthur Bowring, says the organisation has come to realise that its call for a 1% global cap in sulphur emissions from ships is probably not achievable in the foreseeable future, writes Mike Grinter in Hong Kong.
- Thumbs up for dry bulk but box lines face more gloom
PROSPECTS in the main shipping markets differ widely, with the most optimistic outlook in dry bulk and the most pessimistic in the container sector.
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| NOVEMBER 8, 2006 |
- Second waste shipment leaves Abidjan
A second vessel loaded with toxic waste from combination carrier Probo Koala was scheduled to leave Abidjan for France yesterday evening
- SCI ventures into port operations
SHIPPING Corp of India (SCI) has entered a joint venture to bid for Jawaharlal Nehru Port Trust’s (JNPT) fourth container terminal
- Migrant Watch: US/Caribbean
BOTH bad weather and US Coast Guard vigilance are credited with a drop in the number of illegal Caribbean migrants attempting to reach Florida by sea this week
- Pan United Marine delivers sterling results
Pan United Marine Group, the Singapore shipbuilder and repairer, has delivered bullish 3Q results with net profit sharply higher at $8M
- Torm raises earnings forecast
- Le Joola: French judges close in
- Baltic ferry and tour operators in tie-up
- AISLive shortlisted for award
- 'K' Line clinches Baosteel contract
- MISC to ship LNG to China
- Courage Marine 3Q profits soar
- Japanese upgrade Asia-Med service
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| NOVEMBER 8, 2006 |
- Democratic win expected to hold little change for House transport legislation
Democrats win back the House, but officials expect transportation legislation to face same issues it did under Republican leadership.
- Voters OK Calif. transport bonds
- FMC chief Blust to lead container lessor group
- Tacoma completes rail upgrades
- Logistics spurs Deutsche Post net
- PSA gets Chennai lease
- "K" Line signs ore pacts
- STX joins Galex service
- Vietnam to join WTO
- IMO reports Sept. piracy acts
- Volga Dnepr revenues soar
- Mumbai bidding approved
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| NOVEMBER 8, 2006 |
- Rotterdam dockers return to work on promise of roster review
ECT dockers resumed work early this morning, with the unions’ promise to take the controversial new rosters back to the negotiating table, although ECT has not yet agreed to new talks.
- "Force" remains with the larger sizes as charter market slips again
- Ministry withdraws funding from Busan New Port development
- Seaspan to raise further US$30.8m as underwriters exercise over-allotment options
- US elections see successes for lawmakers focused on security and transport
- MEPs to promote Latin American relations through new assembly
- Tasman Orient reworks North Asian service
- APMT concession signed for Bahrain
- Santos to widen access, for deeper-draught vessels
- Rokia cargo removal operations start today
- Vostochniy celebrates its first month in the black since transit tariff increases
- ZPMC to deliver Fremantle, Brisbane and POAL post-panamax cranes
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| NOVEMBER 8, 2006 |
- Eagle orders Japan pair
Eagle Bulk has emerged as one of the owners behind a mysterious IHI order for supramax bulkers.
- Capesize coup
Bocimar says it has fetched a strong $70m on sale of 10-year-old bulker.
- Explosives found in Malacca Strait
Indonesian police uncover mystery stash onboard Chinese vessel headed for Yemen.
- Vinalines needs serious money
Bill for Vietnamese owner’s fleet expansion and other projects likely to be $3bn to 2010.
- Donbas deal imminent
Ukrainian steel company could take stake in Gdansk Shipyard by Friday, claim local reports.
- Farstad stumbles
Third-quarter net profit down slightly despite high North Sea rates as finance costs bite and vessel sales dry up.
- Britannia misses target
London-based bulk owner raises $30m less than planned in discounted bond issue.
- Merwede makes it three
Dutch yard to build another offshore support ship for Siem Offshore subsidiary.
- Bulker grounds in Black Sea
Fears of threat to environment quelled by Russian officials as inspection awaits break in the weather.
- FFA bets floor STX
Soaring bunker costs mixed with huge losses on forward freight agreements chop profit at South Korean bulker outfit.
- Carnival to sell Eurobonds
A weak dollar and a raft of European newbuilds send US giant to local market.
- Storm no-show warms Torm
Product tanker division boosted in third quarter by largely unrealised fears of another strong hurricane season in US.
- Namsung in new HK link
Korean boxship owner launches feeder service to Hong Kong and China.
- Minaminippon building new yard
Japanese shipbuilder targets new facility in Oita to expand capacity.
- Somali fighters storm hijacked vessel
Islamist troops recover UAE general cargoship seized last week off Somalia.
- Up and down for Diana
Decreased freight rates and increased expenses take the shine off a 2% profit hike at Greek dry bulk owner.
- Vinashin wins big in-house order
Vietnam shipbuilder’s Dung Quat and Bach Dang yards to built 20 bulkers for state-run transport affiliate.
- Danaos dips
John Coustas-led boxship and bulker owner sees profits fall in debut set of results since US listing.
- Profit cut at Kawasaki Kinkai
Japanese bulker and ro-ro owner boosts six-month revenues, but earnings fall by more than a third.
- TBS profits slide
Higher operating and finance costs impact third quarter results at US-listed tweendecker specialist.
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| NOVEMBER 8, 2006 |
- TORM’s 3rd quarter profit flat
- Maersk to switch Charleston with Savannah on East Med loop
- Thomas is new CEO at Ocean Africa
- FedEx dumps A380s for Boeing 777s
- UPS to offer three international express shipment options
- Volga-Dnepr revenue up 55%
- WTO approves Vietnam as 150th member
- PWC Logistics appoints Simon as Europe CEO
- Sheeran picked to head UN’s World Food Program
- MOL partners with Cal Cartage
- Expeditors' 3rd-quarter profit up 32%
- EGL's 3rd quarter profit up 2%
- Airwan International joins United Shipping
- APM Terminals awarded Bahrain concession
- ICTSI's 3rd quarter net income up 25%
- YICT gets loan for expansion
- Baltimore terminal to install OCR technology
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| NOVEMBER 8, 2006 |
- Ports to ban use of fuel oil bunkers
Aggressive pollution reduction measure targeting 0.2% sulphur distillate fuel for all ship engines from next year.
- Panama plans bunker market changes for 2007
Industry bunker cluster shortly considering recommendations for regulatory and infrastructure improvements.
- Refiners release product into bunker market
Japan has ample supply, but demand remains thin.
- Green light for Baltic refinery deal
Polish acquisition of Lithuanian refinery approved by EU regulators.
- Bunker prices hit profits, but prospects are good
Ship operators draw comfort from falling fuel prices.
- Odfjell banks on better Q4
Tanker owner hopes for improved bottom line in the final quarter as bunker price burden looks set to ease.
- Singapore bunker demand dries up
Player says there is 'panic' in the market as buyers fail to respond to low offers.
- Q3 triumph for Asian owner despite 112% rise in bunker cost
Freight rate recovery boosts Q3 result for Asian owner, while another struggles in same period.
- Rotterdam bunker market stable due to firm barge market
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