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| JULY 13, 2006 |
Shipping News
- RCL expands Middle East coverage
THAI-listed container feeder operator, Regional Container Line , is expanding its Middle East coverage joining the growing number of lines that are moving to tap the rapidly expanding trade in that region.
- Hanjin ups fees for delays at US ports
IN an early sign that shipping lines expect US West Coast ports to be congested as the peak season approaches, South Korea's largest shipping line, Hanjin Shipping, plans to raise demurrage charges on customers who delay in picking up their cargo from the US ports.
- Tanker rates surprisingly strong: Teekay
OIL tanker operator Teekay Shipping Corp expects tanker rates to remain 'surprisingly strong' in the second quarter and beyond, fuelled by soaring oil demand, its top executive said.
- Net-based service for ships in port launched
- NYK wins LNG transportation contract
- Daewoo gets drill vessel orders
Logistics
- Global logistics spending seen hitting US$326b
GLOBAL spending on 3PL services is expected to rise 50 per cent from last year's US$222 billion to US$326 billion in 2010.
- Kuwait's PWC buys Cronat for US$27m
KUWAIT's PWC Logistics, the Middle East's largest logistics company, bought Switzerland-based Cronat Transport Holding to expand its European network.
- EWS to create 4 divisions to woo more UK cargo to rail
EWS Holdings Ltd, Britain's biggest rail-freight operator, said it is creating four divisions to attract more customers from industries including power generation and construction.
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| JULY 13, 2006 |
- Textainer to manage world's largest lessor-operated box fleet
- Dedicated auto terminal inaugurated in Dalian
- Shanghai Post opens mail transit hub at new railway station
- Hatsu builds up fleet
- W Africa port congestion prompts surcharge revision
- "K" Line appoints new Europe CEO
- Cathay first half throughput up 10.5pc
- Dragonair puts on 76 extra flights to meet summer demand
- World Air Holdings CEO says financially 2005 was an outstanding year
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| JULY 13, 2006 |
- GRSE acquires CIWTC’s Rajabagan Dockyard
- Tea exports record 20 pc rise in May
- PDEXCIL organising buyer-seller meet in Bangalore on July 26-27
- 41 in the fray!
- Major Ports post 6.38 pc growth in Q1
- Port workers on agitational path
- Omx Cargo charters bonded flight for export
- Corporates, partnership firms all at sea over service tax abatement
- CII: Don’t dilute Target Plus scheme
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| JULY 12, 2006 |
- Sabine boss loses appeal
- Hatsu takes on two more ships
- Simon accepts takeover offer
- Spirit of Tasmania III sale brings in US83m
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| JULY 12, 2006 |
- Matson takes delivery of fourth from Philly
- Jumbo back at Damen
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| JULY 12, 2006 |
- Study finds Port of Vancouver, USA brings dollars, jobs to area economy
- Hatsu marine adding pair of new vessels
- Free concert scheduled for Port of Olympia's Port Plaza
- Canadian port directors eye forming single entity
- Coast Guard gives Northrop Grumman contract for voyage data recorder
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- US public ‘critical’ of security proposals
MORE than 1,000 statements, many of them thought to be critical, have been submitted as part of the consultation process over plans to tighten rules on access to US ports, writes David Osler.
- Carnival warms to use of ‘cold ironing’
THE cruise industry has thrown its weight behind the use of shore-based power, or ‘cold ironing’, with the Carnival fleet agreeing to switch off their engines while in San Francisco.
- No light at the end of Eurotunnel debt deal
THE prospect of an 11th hour agreement on the restructuring of Eurotunnel’s £6.2bn ($11.3bn) debt looked to have slipped away last night as talks between the company and its creditors continued without any sign that an agreement would emerge before the midnight deadline, writes Andrew Spurrier in Paris.
- EU refuses to shield Tirrenia from ‘foreign corporate raid’
ITALY will not be able to prevent ferry giant Tirrenia from falling into foreign hands following privatisation, the European Commission has warned.
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| JULY 12, 2006 |
- Egyptians stranded in US dispute
MORE than 20 Egyptian seafarers aboard the 38,300-dwt bulker Edco have been stranded in Charleston Harbor, in the US state of South Carolina, for over two weeks since the vessel's was arrested over a charter dispute
- Captain banished from US waters
THE captain of a bulker that visited Portland, Oregon, last month has been banished from US waters for six months after pleading guilty to operating his ship while drunk
- LUKoil plans are Turkish delight
LUKoil, Russia's largest oil producer, is considering the construction of a third oil refinery on the Black Sea
- ESL Shipping suffers as bunkers soar
ASPO, the Finnish parent of ESL Shipping, has warned that it is unlikely to match its 2005 operating earnings this year
- Anadarko sells Bear Head LNG
BEAR Head LNG Corp, which is developing a regasification terminal at Port Tupper, Nova Scotia, has been sold by Anadarko Petroleum Corp to a US private equity firm
- Bay of Fundy funding worries Ottawa
CANADA'S government might become involved in efforts to save the ferry service across the Bay of Fundy between Nova Scotia and New Brunswick
- Migrant Watch: US/Caribbean #2
- Migrant Watch: US/Caribbean #1
- FEFC plays down box capacity fears
- Algeria opens stowaway murder trial
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| JULY 12, 2006 |
- Industry tired of waiting on short sea
Some of short sea's most dedicated boosters are growing impatient with the lack of critical mass to launch services.
- Trade deficit increases
- Germany’s state bank selling Deutsche Post stake
- Customs Update: Customs Update: A bond that kills trade
- Crew stuck on seized ship
- Director: Miami port needs $350M in upgrades
- Dominican Republic to join CSI
- CCNI christens new vessel
- Indian port traffic surges
- Hot Shot forms logistics unit
- Kalmar providing crane operators to India terminal
- Volga-Dnepr, Antonov form heavy-lift joint venture
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| JULY 12, 2006 |
- Sceptical shippers scoff at FEFC's market claims
Shippers and industry analysts have reacted with scepticism to claims by the Far Eastern Freight Conference that demand is out-pacing increases in capacity on the Asia/Europe trades.
- Small ships passed over in slow season
- Injunction granted in Santos Brasil-Libra Terminais dispute
- Railway to link Xiamen and Shenzhen in four years
- Cross-border European rail-equipment: the new missing link?
- Xiamen to raise capacity to 10m TEU in two years
- Incentive scheme boosts Gwangyang throughput
- More small to medium-sized ships to be built
- Jakarta: HR is crucial for cost-cutting multimodal transport system
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| JULY 12, 2006 |
- Spirit goes for EUR 65m
Tasmanian premier reveals sale price in bid to douse row over ferry disposal to Corsica Ferries.
- Franco trio to Genco
Genco is paying just $81m for three bulkers that Wexford Capital hoped to get paid $99m for in last year's fizzled Cavan Maritime IPO.
- Coal carrier claims life
Man dies after forty-foot fall on open-hatch carrier docked at Portsmouth, New Hampshire.
- Nigeria overpays by $4m
Government investigation launched after UN maritime body receives mystery money.
- Acergy earnings shoot up
UK-based offshore vessel player hugely profitable in first half as oil and gas business booms.
- Ports boycott N Korean ships
Japanese cargo handlers refusing to unload North Korean vessels in protest at missile tests.
- Dofcon pockets share funds
DOF-controlled offshore vessel owner completes NOK 200m issue to finance expansion.
- Goldenport hits 90%
London-listed owner has most of its fleet days covered by contracts this year - and the figure is 100% for its 10 boxships.
- Kenya plans new port
Second port at Lamu will handle cargoes bound for Sudan and Somalia.
- Brazier blasts e-nav
UK politician raises concerns over ability of modern systems to cope with extreme threats.
- Simon says yes
UK ports company finally recommends takeover offer by directors of Belgian shipowner Cobelfret.
- Perisai buys Ocean Hercules
Malaysian offshore support industry firm pays $5.8m for Oceaneering’s multi-support DP1 vessel.
- Trico teams with CNOOC
US offshore operator teams with offshoot of Chinese oil major to target Southeast Asia.
- Scomi seals COA
Malaysian shipping group wins three year contract to ship coal for domestic power company.
- Sitting in limbo
Egyptian crew stranded in US port as it waits for legal spat over sister vessel to get worked out.
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| JULY 12, 2006 |
- COSCO's Jiafu meets new China Shipping head Shaode
- Hyundai launches 6,800-TEU ship
- RailAmerica's June carloads drop 2.5%
- Saddle Creek and G3 partner in expansion
- FMC reviews 11 OTI applications, revokes 9 licenses
- Smaller ports will be eligible for security grants
- Acting Miami port director proposes "millions" in security cuts
- Toll to divest vehicle distribution unit
- Georgia ports to use SaviTrak RFID tags
- Kalmar gets crane maintenance contract at Nhava Sheva
- Port of Vancouver, USA regional economic impact grows
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| JULY 12, 2006 |
- Mærsk sells another gas carrier
A. P. Møller-Mærsk has sold off another LPG carrier, which also leaves the Scandigas pool. The LPG carrier is ...
- New fast ferry out of service after fire
After a small fire, which was extinguished quickly, in the engine room, Destination Gotland has decided to take its new ...
- Freak waves could reach 60 metres in height
For a long time, scientists have dissmissed the existence of freak, or rouge, waves as seafarer tall stories. In recent ...
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| JULY 12, 2006 |
- US crude and gasoline stocks decline
DOE report shows sharp crude drop as imports fell, even as refinery use dropped last week.
- IEA forecasts stronger oil demand growth
Demand growth set to rise in 2007 and beyond, but new supply should outpace demand next year agency says.
- Oil major buys PSA's share in marine fuel depot
Oil major takes full ownership of depot in the port that is also its main focus for LSFO supply in Belgium.
- ARA market firms on higher crude
- Thoresen Thai plans subsidiary unit in Singapore
The company's subsidiary unit would send its ships to Singapore for bunkering.
- IMO deadline sparks double-hull barge boom in Hong Kong
Independent suppliers are racing to bring in double-hulled barges ahead of MARPOL Annex I deadline in 2008.
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