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| JULY 11, 2006 |
Shipping News
- Key to security is knowing what's in the box: APL exec
THE biggest challenge in supply chain security is knowing 'what's in the box', according to the head of security for Neptune Orient Line's APL container division, who cautioned against rushing to technology-based solutions.
- Greek shipowners set to spend record sums on new vessels
GREEK shipowners are on course to spend a record amount on vessels in 2006 amid confidence that the booming economies of China and India will keep driving demand and as they replace ageing fleets.
- PYI plans HK$800m Chinese port buys to tap oil demand
PYI Corp, an investor in Chinese ports, plans to spend HK$800 million by March 2007 buying terminals in eastern China to benefit from the country's surging demand for oil and other raw materials.
- Maiden call of biggest container ship
Port Shots
- BT/ZUJI deals of the week
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- Shanghai throughput up 18pc over first six months
- Coscon expands SEA service with Nansha call
- Shijiazhuang to build logistics park
- Indian states urged to speed up expansion of port capacity
- APL outlines plan for improved supply chain security
- Indonesia's shipping policy may benefit Australia's Northern Territory
- Hactl forecasts slower export growth for 2006
- Hong Kong Airport Authority defends joint venture with Zhuhai Airport
- Oasis Airlines appoints management team
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| JULY 11, 2006 |
- Jardine Shipping Services sees bright prospects in India
- Interline Global Logistics launched in city
- INSA plea against service tax adjourned again
- MoS draws up action plan to expand handling capacity at ports to 2,000 m tonnes
- Hanjin Shipping begins operating JV in Colombo
- ...adding fast ship to Asia-Europe service
- Zim launches new Asia-Med (AMX) service
- A.P. Moller-Maersk making changes at the helm
- Hapag-Lloyd to launch new Europe service in Oct.
- BAF to be lowered in Aug.
- AADA to reduce bunker surcharge
- Interasia Lines to start IMX service
- OOCL Dubai to be used on new MAX service
- TS Lines buys 4 boxships to enter shipowning biz
- CKYH Alliance carriers change calls in AWE-5 run
- Japan to overhaul maritime policy
- Hamburg Süd closes deal for FESCO liner services
- Coscon named Shipping Line of The Year
- FPS New Zealand open for business in Christchurch
- Vietnam-rising star of shipbuilding
- Imported pulses to begin arriving this month
- 22 pc rise in oilmeal exports during Q1
- Prospects bright for pepper export
- Cochin Port Trust installing advanced vessel traffic management system
- Port-based SEZ to come up in Dighi
- Rlys haul more steel, cement in Q1
- Railway Board calculates cost of freight corridor to be less with govt-backed finances
- Govt bodies vetting Rlys’ MCA for box freight transport by pvt. operators
- Forex reserves up by $ 952 million to $ 1,62,912 million
- Fresh loan sanctions under TUFS stopped
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| JULY 11, 2006 |
- Tanker rates "set to stay high"
- New Asian agent
- Typhoon spares Busan
- MOL flags to Marshall Islands
- Stolt Australia loads its cargo
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- Petrojack to sell two jackups
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- Homeland Security Department announces new round of grants
- Transportation Services Index sees gains for third straight month
- Corps will discuss harbor plans at Port of Grays Harbor Commission meet
- Port of Tacoma publishes comprehensive financial report
- Coal, grain push rail freight to strong showing for week
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| JULY 11, 2006 |
- DP World mulls £1bn London-Dubai IPO
London could share in a multi-billion-dollar initial public offering from DP World of Dubai, the top three global container port operator which acquired P&O earlier this year for £3.9bn ($7bn).
- Pension bonanza for ABS executives adds to Prestige crossfire
THE sweeping management reshuffle announced by American Bureau of Shipping last month came after revelations of multi-million dollar pension fund payouts to top executives.
- Act now over general cargo casualties, urges Rina
THE Royal Institution of Naval Architects has urged member states of the International Maritime Organization to act over the high frequency of losses occurring in the general cargoship sector.
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| JULY 10, 2006 |
- Stolt crew in reflagging protest
A decision to reflag the Australian-manned chemical tanker Stolt Australia and recrew the ship with Filipinos sparked controversy at the weekend
- Moby and SNAV agree joint service
ITALIAN private ferry operators Moby and SNAV have agreed to work together in a commercial partnership on the Civitavecchia (Rome)-Olbia (Sardinia) route
- Alaska ferry picks up survivors
ALASKA Marine Highway ro-pax ferry Taku made an unscheduled pick-up early on Saturday morning, saving three fishermen after their commercial fishing vessel sank
- Higher profits in pipeline for Transneft
RUSSIA’S pipeline agency Transneft, which controls all crude oil pipelines for delivery to the country’s ports and to cross-border destinations, is having a bumper year
- Unsafe tanker sent from LA port
COAST Guard officials banned a Marshall Islands-flagged tanker from the port of Los Angeles on Friday after learning its inert gas system was inoperable
- IM Skaugen suffers in first half
HIGHER-than-forecast operating costs at its shuttle tanker division wiped out more than half the first-half profit at Norwegian shipping group IM Skaugen
- P&O might return to London market
- London P&I Club posts healthy figures
- BC ferry sinking report expedited
- Arrest warrant issued for ro-ro master
- Stowaways found dead in container
- Typhoon winds blow boxes overboard
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| JULY 10, 2006 |
- Capacity fears push up charter rates
Rates hit six-month highs on surging traffic, fueling concern among carriers that they will be short of capacity during peak season.
- Smooth peak season seen for U.S. container gateways
- More Bayport delays
- Canada discussing merger of western port operations
- No fuel charge increase for TACA lines
- Strong Seaway results
- Maine Maritime schedules international networking conference
- IPO for DP World: Report
- UTi eyeing Israel buys
- Brazil mulls new Santos port
- DHL expands Bali gateway
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| JULY 10, 2006 |
- Owners on newbuild spree again
Newbuild orders boomed last month, allowing the quarter to catch up after a lacklustre year and ‘soaking up’ Very Large Container Ship (VLCS) yard capacity through 2009.
- Over 100 boxes swept away by Typhoon Ewiniar
Typhoon Ewiniar has swept away over 100 containers in the water near South Korea.
- Dead bodies found on boxship on Africa-Asia trade
- BC ports agree to explore merger
- India's corporate giants compete for JNP fourth box-terminal
- DP World mulls autumn IPO
- CCNI takes delivery of second newbuild
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| JULY 10, 2006 |
- Stolt reveals document
Beleaguered chemical-carrier giant Stolt-Nielsen is bravely buying its own shares as it fights legal threats.
- Halsted steps down
Soren Halsted is stepping down as managing director of Clipper Group A/S in Copenhagen.
- P&O ports may refloat
Dubai Ports World coy on reports that it is eying London IPO before the end of this year.
- Bulgarian River sold
Bulgarian conglomerate Chimimport is taking over Bulgarian River Shipping Corp after a disputed tender.
- V.Ships reaches eastward
The agency business of Roberto Giorgi-led V.Ships is reaching into East Asia with a new joint venture.
- PNSC eyes new ships
Pakistan national owner talking to banks about funding to renew ageing fleet.
- A&B in $63m buyback
The parent of Matson Navigation has responded to softness in its share price by investing $63m in itself.
- Aussie dispute over flag change
Crew on Stolt-NYK tanker strike over plan to switch to Cayman Islands and employ Filipinos.
- Boluda goes French
Spanish maritime group prepares to take over Marseille drydocks.
- Probo Elk in LA drama
Ship just sold at centre of major emergency after on-deck oil spill and explosion fear.
- Put your money in MC?
Fortis bank predicts 70% jump in lpg operator's share price after recent buys, with more expected.
- Probos find charters
Gulf Navigation secures long term deal to employ recently acquired combination carriers.
- ASL gets barge lift
Singapore shipbuilder to construct self-elevating vessel for Swiber Offshore.
- Daewoo grabs offshore orders
Korean yard to build drillship for Transocean and drilling rig for Petroserv of Brazil.
- They think it's all over...
It is now. We have a winner in the TradeWinds World Cup Challenge.
- Goldenport seals cape buy
London-listed Greek confirms it has acquired Orient Alliance from John Koo’s Orient Steamship.
- NYK for CPC
Japanese line sees off countrymen to win Taiwan’s LNG prize.
- Keppel breaks the ice
Singapore group to build first ever icebreakers for Russia’s Lukoil in deal worth over $165m.
- Idle times for Skaugen
Second-quarter profit plummets after group penalised by high tanker rates and decline in gas cargoes.
- Shreyas snaps up boxship
Indian coastal containership operator picks up Pan United Corp feeder ship for $14.25m.
- SNM back on sale
Daewoo Mangalia pulls out of deal for Romanian yard citing disagreements over debt.
- Corsica gets Spirit
French operator Corsica Ferries revealed as buyer of Australian ferry Spirit of Tasmania III (built 1995).
- Bodies found in Hong Kong
Officials discover decomposed bodies of three African men onboard France-flagged containership.
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| JULY 10, 2006 |
- Steven Bresky takes over from father as Seaboard Corp. president, CEO
- Coast Guard orders tanker away from L.A. pier until safety restored
- CCNI names 3,100-TEU ship
- Germanischer Lloyd moves office in Bilbao
- "K" Line names Soda as European chief
- CLARIFICATION: "Non-aid contract" forces IMC from food aid market
- World Air Holdings finally reports 2005 results; profits up 24%
- BA's cargo up 2.2% in June; new Heathrow/Calgary service in December
- Air Canada parent profits on sale of US Airways shares
- American's freight volumes up 2.9% in June
- United's cargo volumes up 9.9% in June
- Maersk signs largest U.K. intermodal contract with Freightliner
- PWC Logistics acquires Cronat
- UTi in talks to buy two Israeli forwarders
- IJS Global names Laccona chairman, CEO
- NRF and Global Insight: record TEU volumes shouldn't slow ports
- Jacksonville terminal temporary closed for security reasons
- Dominican Republic joins CSI, anti-nuclear smuggling program
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| JULY 10, 2006 |
- Norwegians want Aussie ferry
Australian TT-Line has signed a letter of intent covering the sale of the ro-pax ferry "Spirit of Tasmania ...
- Court finds Wärtsilä not guilty of bribery
The Vasa Court of Appeal has approved of a verdict in the District Court of Vasa and found Wärtsilä and ...
- Stolt-Nielsen’s cartel costs drawing towards billion mark
During Q2 this year, Stolt-Nielsen was forced to book close to NOK 75 million (EUR 9.4 million) for legal ...
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| JULY 10, 2006 |
- Public forums on emissions plan
Los Angeles and Long Beach holding public meetings to discuss new clean air measures.
- Petrobras market entry sees softer prices
New Uruguay operation launching today, but longer-term market impact unknown.
- Lake Charles: Open for bunker business
Barge deliveries resuming as ship restrictions easing and vessel traffic continuing.
- Salvors make good progress in bunker, container removal
Bunker and cargo removal from Safmarine Agulhas has made good progress after Friday's weather scare.
- Talk grows of triple-digit oil prices
Bullish analysts talk of crude oil trading around $100 by year-end and maybe hitting twice that in 2007.
- Clean air plan could bring port operations to standstill
Fears raised over European Commission proposal for Directive on Ambient Air Quality.
- Japan bunker fuel prices dip below Singapore
Prices for 180 cst in Tokyo Bay fall below Singapore's prices on surplus of fuel oil supplies.
- ARA market holding steady Monday morning
- Singapore: Underground storage project to open tender soon
Dutch oil storage firm Royal Vopak interested in helping JTC run the underground storage facility.
- South Korea: Bunker operations halted as typhoon approaches
Bunker barge operations and berths were closed ahead of the approaching typhoon.
- Singapore: Ocean Tankers to invest in new VLCCs
The company will build six VLCCs in support of its oil trading activities.
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