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| SEPTEMBER 11, 2006 |
Shipping News
- Goldman Sachs bullish on ocean dry freight
STRONG dry commodities freight rates should rise further in the final quarter and in 2007 on utility demand, booming China trade and slowing ship orders next year, investment bank Goldman Sachs said in a report last week.
- DP World, made to sell US ports, is security certified
DP World, the container port operator forced to agree to sell six American terminals on security objections from US lawmakers, said it became the first company in its industry to be awarded an ISO security certificate.
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| SEPTEMBER 11, 2006 |
- Cosco Pacific profit slides 36.5pc in first half
- NANZDA carriers to raise rates in October
- Rotterdam Authority expects to win approval soon for new terminal
- NYK wins ISO9001:2000 certification
- Port of Oakland's board seeks to reduce greenhouse gases
- Continental sees DOT nod for Newark-Shanghai flights
- Oasis picks Hactl as cargo handler
- A380 takes to the sky for testing
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| SEPTEMBER 11, 2006 |
- Coscon keen to enhance presence in Indian market
- China projected to become largest shipbuilding nation in a decade
- Bengal Tiger Line celebrates 20 years of service
- Cement exports near 10-million tonne mark
- Essar Shipping’s Vadinar oil terminal poised to go on stream
- OSL sets new national ilmenite sand loading record at Vizag Port
- Reliance, Jai Corp. acquire 51 pc stake in Rewas port
- CONCOR’s double-stack box trains to reach more places
- Peak Customs duty on palm oils to be imposed from November 1
- Land for social purposes in SEZs to be specified
- Alarming depletion of iron ore reserves
- Chief Minister promises to scrap octroi
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| SEPTEMBER 8, 2006 |
- New appointments at KLM
- MOL to start consolidation services for IKEA
- Air France KLM prospects good after jump in profits
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| SEPTEMBER 8, 2006 |
- IMEC warns on Philippine compensation rulings
- IMEC now in "big league"
- Guimaras "could have hit container"
- UK law firms merge
- NCL orders 2 cruise ships from Aker
- Fiji seafarers’ centre reopens
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| SEPTEMBER 11, 2006 |
- CMA CGM joins giant boxship race with $1.2bn surprise order
THIRD-ranking container line operator CMA CGM has joined market leader AP Moller-Maersk at the head of the race for greater containership size, placing a $1.2bn order for eight 11,400 teu vessels with the world’s leading shipbuilder Hyundai Heavy Industries.
- Megaship deal tops year-long order spree
HYUNDAI Heavy Industries has been steadily winning orders for large containerships over the last few months even before Friday’s massive $1.16bn deal.
- Doubts arise over Solar I cover
THERE are question marks arising over the insurance cover on the tanker Solar I, which sank three weeks ago, causing the Philippines worst ever oil spill, writes Marcus Hand in Singapore.
- Syria-bound cargoship held on suspicion of arms smuggling
A GENERAL cargoship sailing from North Korea to Syria has been held in Cyprus after the discovery of trucks fitted with surveillance and tracking devices on board.
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| SEPTEMBER 8, 2006 |
- CMA CGM forced into mega-order
MARSEILLES 08 September – French liner operator CMA CGM has confirmed rumours that it is to order eight 11,000-teu container ships from Hyundai Heavy Industries
- Lebanon port blockade goes on
ISRAEL'S blockade of ports in Lebanon is continuing until it becomes clear which country’s navy is taking control of the UN force, according to agency reports
- Pakistan flag grows with feeder vessels
PAKISTAN'S flag register has started to grow with the registration of two privately-owned container vessels
- IRISL to help rebuild Umm Qasr
ISLAMIC Republic of Iran Shipping Line (IRISL) is being tasked with renovating and equipping the Iraqi port of Umm Qasr
- Fatal shooting on Phils ferry
A FERRY passenger shot and killed a former Philippines provincial governor on a Sulpicio Lines vessel at Cebu this morning
- Salvage plans for grounded bulker
SALVAGE plans are being developed today to free the Greek-flagged bulker Toro, which remains hard aground at Lighted Buoy 1 in the St Lawrence Seaway
- Foster Yeoman takeover approved
- Portland prepares to receive Ace
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| SEPTEMBER 8, 2006 |
- TSA invites bids for port ID program
Federal agency selects finalists to bid for system that will support the Transportation Workers Identification Credential anti-terror program.
- Mixed progress on N. American trade, security measures
- Transport index falls
- Trade threatened by extraterratorial laws: ICC
- Korea lifts U.S. beef ban
- Air France-KLM cargo keeps climbing in August
- U.S. bans South Korean carrier in oil-dumping case
- U.S. seeks Brazil’s support to resume Doha talks
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| SEPTEMBER 8, 2006 |
- Update: Combined port security bills reach US Senate
Measures from three port security bills have got an early debate in Congress’s first week back, with a new, combined port security bill being debated in the US Senate today.
- NRF says California box fee violates constitution
The National Retail Federation opposes a US$60/box fee on all containers handled at California’s ports, saying the charges violate treaties, international law and the Commerce Clause of the US Constitution.
- Hyundai to build eight Titans for CMA CGM
- Canadian ports could benefit from looming US capacity shortfall
- Canberra to maintain Bass Strait subsidies
- South Korea to develop container terminal at Pohang
- JP Morgan predicts Tianjin profits will more than double
- Amsterdam gets shipper backing as volumes soar
- Indonesian shipbuilders fear foreign investors
- Study supports Melbourne-Brisbane freight rail
- Intermodal freight rises on Canadian railways
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| SEPTEMBER 8, 2006 |
- Stolt's $200m headache
US indictment claims Stolt and collaborators gained $100m from antitrust scheme, making potential criminal penalty double that amount.
- Crew shortage worsens
Employers warn both quantity and quality of supply are under severe strain.
- Skaugen in further China link
Norway’s IM Skaugen sets up another Chinese company to manage gas carrier newbuilding programme.
- Olsson pays top dollar
"Crazy" owner is paying $1,000-a-day extra for Swedish crews on ice-class tankers in sensitive Baltic.
- Shun Tak recovers
Hong Kong ferry operator on the mend after last year's profit slump.
- CMA CGM in huge order
French liner giant ups the ante in bid to outdo Maersk with $1.2bn order of eight ships at Hyundai Heavy Industries.
- More sales at OMI
General counsel Fred London the latest to divest shares though no word on his motive.
- NCL relegated
Cruise line loses B1 credit rating after yesterday's three-ship order in France.
- RCL raises funds
Money will go towards paying for two container feederships Thai owner has on order in China.
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| SEPTEMBER 8, 2006 |
- Stolt charged with antitrust crimes
- CargoSmart gives customers total access to shipment information
- U.S. Coast Guard, BIMCO sign new agreement
- California legislature approves ballast water bill
- Rickmers-Linie selects Korea Maritime as agent
- Cargolux to resume Lebanon flights
- AirBridge Cargo appoints Morch as Americas area manager
- Con-way buys spaces at AllianceTexas
- GAO report details offshore shift of IT manufacturing, services
- TSA picks 8 firms for next phase of TWIC
- UPS opens Ontario logistics center
- FKI Logistex gets Stockholm contract from Schenker AB
- Ex-DHS official sets up political consulting practice
- IJS Global acquires Sri Lankan freight forwarder
- BDP opens Nuremberg, Germany project office
- Senate committees agree on port security bill
- NRF to Schwarzenegger: Hasta la vista to container bill
- China to build three shipyards by 2010
- Largest crane in North America to be unveiled
- Antwerp, Helsingborg terminals order ship-to-shore cranes from Kalmar
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| SEPTEMBER 8, 2006 |
- SeaDrill bid for Eastern Drilling
Bermuda-based rig owner/operator SeaDrill – 36 per cent owned by John Fredriksen – has now secured over 60 per cent ...
- Prosafe in two minds about FPSO consolidation
Prosafe – one of the world leaders in floating production, well intervention, service rigs and accommodation rigs – is still mulling its ...
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| SEPTEMBER 8, 2006 |
- Houston finally drops through price floor
Prices below $300 on tumbling crude, but other US ports ambivalent.
- Special deal on IF0180 offered
Caribbean supplier touting reduced price for sizable stems.
- Relief at Addax following release of Luchegorsk
Precedent of Saiga case proving useful in securing swift resolution to latest bunkering dispute.
- WFS shareholders get regular quarterly dividend
- South Africa: Shortages begin to ease
Buyers begin to recover confidence in Cape Town supplies.
- Pollution fund could pay out $315 million
Oil company urges swift pay-outs to fuel oil spill victims.
- Some Rotterdam suppliers fully booked near term
- Newly licensed bunker company to build facility in Shanghai
Chinese report speaks of 'worries' over whether liberalised market can be properly controlled.
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