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| NOVEMBER 13, 2006 |
Shipping News
- Hanjin Shipping's Q3 profit plunges 82% on fuel costs
HANJIN Shipping Co, South Korea's largest shipping line by revenue, reported an 82 per cent drop in third-quarter profit on higher fuel costs and lower rates it charged to move cargo.
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| NOVEMBER 13, 2006 |
- "K" Line's first half income falls to US$174 million
- HMM profit margin slides in the third quarter
- Hapag Lloyd, CP Ships post US$32m quarterly loss
- UPS net profit up in Q2
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| NOVEMBER 13, 2006 |
- Recyclers fault new ship-breaking policy
- India, Italy to strengthen commercial ties
- Lanka agrees to vanaspati export limit
- Vanaspati units want CPO import duty slashed
- Anti-dumping duty sought on Chinese steel & alloy wheel imports
- Mundra Port & SEZ Ltd identifies areas for cooperation with Port Authority of Antwerp
- Cutting-edge, state-of-art Bharti Airtel technology for Mundra Port & SEZ
- Baalu lists steps to modernise Chennai Port
- L&T, Gammon India in fray for MbPT’s box terminal project
- Le Havre to have 2 permanent delegates at Haldia
- Vallarpadam ICTT gets the ‘green’ signal
- KPT geared to clear imported wheat, fertiliser cargo by month-end
- Now, Reliance on air cargo logistics
- CONCOR enters into pact with Seaways Group to provide end-to-end logistics from Punjab to Bangladesh
- Cabinet puts off decision on easing sugar export ban
- Fieo frets over frequent Exim Policy amendments
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| NOVEMBER 10, 2006 |
- Emirates Skycargo welcomes new members to management team
- New Sina service takes to the water in November
- AirBridge Cargo received air operators certificate
- Germany to extend trunk road network
- DPWN reports good results in Q3 2006
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| NOVEMBER 10, 2006 |
- Mitropoulos sails on
- Nordic American makes ten
- Revenue up at Camillo Eitzen
- Golar LNG buys into Livorno Project
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| NOVEMBER 10, 2006 |
- Union Pacific Railroad calling for new employees
- Month of October sees gains for U.S. rail freight traffic
- Coast Guard football team heading to first championship
- IMO Secretary General nets new four year term
- Admiral of the Ocean Sea honors presented to Richardson, Veitch
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| NOVEMBER 13, 2006 |
- BV begins takeover talks with German rival GL
FRENCH classification society Bureau Veritas has made a takeover offer to the shareholders of its German rival Germanischer Lloyd.
- Bureau Veritas confirms suspicions but German shareholders will need convincing
BUREAU Veritas issued a terse one-line statement at the weekend admitting that it is seeking to acquire its German rival, writes David Osler.
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| NOVEMBER 10, 2006 |
- Germany launches new ship finance company
German KG house König & Cie has launched a new ship finance company on the Hamburg stock exchange, in an effort to open up the market for institutional investors
- Piraeus downs tools
PORT workers in Piraeus and Thessaloniki will not work over the weekend in protest against management change and foreign investment
- Bank keeps Polemis suit at bay
THE JP Morgan Chase Bank has won another small victory in the run-up to the Polemis shipping group’s multi-million pound action against it
- Crewmen in hospital after boiler explosion
A SEAFARER remains in hospital for treatment of burns suffered in a boiler explosion on board the veteran Great Lakes carrier the Kaye E Barker last weekend
- Not so Smart move in Santos
A GREEK-owned bulk carrier and its master and crew have been detained in the Brazilian port of Santos after the departing vessel left a 2km oil slick behind it
- Greece prepares to bring owners home
GREEK shipping minister Manolis Kefaloyannis is about to announce measures to make the country's flag more attractive for domestic owners
- STCW needs to close loopholes
- Seafarer killed in engine room fire
- Aus Customs goes underwater
- Out-of-service hit lingers for Aries
- Star rights issue targets $200M
- HMM suffers marginal loss
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| NOVEMBER 10, 2006 |
- MSC opts out of Seattle
Market conditions force the world's second-largest ship operator to reconsider PNW service.
- Hanjin profit plummets
- U.S., Russia reach WTO pact
- Company tests container tracking by satellite
- Asian nations sign rail deal
- Busan plans $9 billion upgrade
- Pasha Automotive wins Mazda pact
- Alliance proposes improvements to border trade
- India says it has no plans to privatize SCI
- Cargolux expands S. Africa service
- Seaspan gets first of four Maersk ships
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| NOVEMBER 10, 2006 |
- Container lines facing Panama Canal delays due to maintenance
Containerships without a reservation to transit the Panama Canal are facing severe delays in the next two weeks due to maintenance works that will cut capacity by 20%.
- Regulatory interventions target Indian container sector costs
India’s Ministry of Commerce and Tariff Authority for Major Ports are targeting transport costs, in a bid to help exporters be competitive in the face of Chinese competition.
- CSCL's Q3 revenues rise 9% while volumes grow 19%
- SEAS partners threaten to leave Paranagua
- Hanjin sees 82% slump in Q3 profits
- Deutsche Bahn flotation seems poised to go, after Cabinet compromise
- China attracts private sector into US$2bn container rail terminal project
- Peel’s UK/Irish and Continental networks to integrate under BGF
- Riga Central Terminal considers competitive move into containers
- Vancouver beats US rivals for boxes
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| NOVEMBER 10, 2006 |
- German giants launch fund
Tobias Konig and HSH bank team up to create country's first public shipping fund, backed by $190m equity.
- Restis takes CMB capesize
Belgian owner set to book $50m profit on sale of 1997-built unit Mineral Poterne to Restis of Greece
- Eletson pleased with price
Greek owner nets relatively firm $37m from Chilean owner for 1994-built tanker.
- Still overpriced
Morgan Stanley revises TUI estimates and says even with recent corrections stock is too high.
- Tallink in boozy party row
Estonian ferry owner’s board under fire after "improprieties" that may have occurred on Silja Symphony.
- One dead in Red Sea blaze
Engine on Jordanian container ship overheats and bursts into flames killing one and leaving three seriously injured.
- APL goes it alone
Singapore-owned box line forms own Estonian agency to capitalise on Baltic growth.
- Ceres still active in LNG
Greek owner reveals that it has a part ownership in an LNG newbuilding and has four new ships under technical management.
- U-Ming prepares for expansion push
Taiwanese bulker owner has cash to splash on new vessels and acquisitions.
- Bourbon banks more
French owner’s offshore ships bringing in more revenue, but smaller bulker fleet contributes less.
- Meiji muted
Mood subdued at Japan’s Meiji Shipping as first-half profit slump dampens expectations for the full year.
- Hanjin swap shop
Containership owner and Korea Line take reciprocate stakes amid rumours of bulk expansion.
- Taiheiyo to bounce back
Better second half expected for Japanese tanker and bulker owner after profit droops in first six months.
- Expansion at a price
Camillo Eitzen posts loss for third quarter after Fouquet Sacop acquisition drives up costs.
- STX grabs Liquimar brace
Greek tanker owner signs for two aframaxes at Korea’s STX Shipbuilding in deal worth $138m.
- Apeejay sells panamax
Sale of 1990-built vessel by India's Apeejay Lines for $25.5m highlights hike in craned bulker prices since summer.
- Daiichi doing well
Japanese bulker and tanker owner’s profit on the up in first half, as it raises full-year profit forecast.
- Golar buys into Livorno LNG
Company will sell one ship to Italian terminal project for conversion, see other vessels used and bag capacity rights.
- Hanjin down two-thirds
Korean boxship owner endures big profit drop in first nine months.
- Kyoei keeps on track
Japanese VLCC owner continues to build profit in the first six months of financial year.
- Inui looks up
Booming second quarter sees full-year expectations go through the roof at Japanese handysize owner Inui Steamship.
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| NOVEMBER 10, 2006 |
- Maersk container ships biggest and fastest?
- Korean lines struggling
- APL establishes own agency in Estonia
- NYK, VOSA get approval for Vietnam joint venture
- Five MarAd Reserve Fleet ships head for the scrap yard
- MSC (UK) promotes Everitt
- Deutsche Post’s 3rd quarter profit up 30%
- ABX Air earnings down 11% after DHL cutbacks
- Airbus drags EADS into the red
- Cargolux to add fourth weekly Johannesburg flight
- DHL plans Korean improvements
- Mullen takes over international affairs at CBP
- Fountain named CEO of Barthco
- CSI expansion nears its limit
- French CMA CGM Group interested in P&O Ports North America
- Chassis pool established in Southeast
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| NOVEMBER 10, 2006 |
- Stena expects to make great profits
The Stena Group is making good times, this year Stena expects to make profits of SEK 5.5 billion (approx. EUR ...
- Commissioner Barrot enslists MEP support
In order to get the controversial Erika-3 maritime safety packages passed into law next year the EU transport commissioner ...
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