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| DECEMBER 13, 2006 |
Shipping News
- Baltic Exchange opens regional office in S'pore
FOR the first time in its 260-year history, the Baltic Exchange has opened its first office outside London, making Singapore its new Asia-Pacific base as it seeks to be more responsive to the demands of the surging dry bulk and tanker markets in the region.
- PSA vying for Yangshan Port phase 3
PSA International is hot on the heels of several port investments with one almost in the bag and a big one in China being keenly pursued with global heavies like Hutchison Port Holdings and Dubai Ports World.
- DP World sells US ports to AIG
DUBAI's giant port company, DP World, sold off its US holdings on Monday to the American International Group , bringing to an end a contentious deal that left a bitter taste for Middle East investors.
Strait Talk
- Salvors: Saving the environment and not just ships
THERE was a time, not so long ago, when the priorities were clear when a ship was in trouble; save the crew and then, if possible, the ship.
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| DECEMBER 13, 2006 |
- AIG buys six American CTs from Dubai's DP World
- US warehousing giant ProLogis expands at Dailian port
- Yangshan CT3 investment draws interest from top operators
- Shenzhen's and Hong Kong's box volume trends disputed
- NOL's year-to-date revenue down 7pc, but volume up 7pc
- EC approves state aid for Maersk's German shipyard
- Central, Eastern European markets to fuel growth in logistics industry
- November proves record cargo throughput month for Hactl
- China to rank first in global airfreight market: Airbus
- DHL opens first foreign logistics office in Tibet
- Korean Air starts Incheon-Qingdao freight service
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| DECEMBER 13, 2006 |
- Rate restorations from Jan. 1
- SC upholds pulses export despite ban notification
- GMB identifies 3 new port sites: SUTRAPADA, MAHUVA & KHAMBHAT
- Mos zeroes in on Tuticorin, Ennore & Kakinada
- Port workers bent on Dec. 14 strike
- Baalu inaugurates dredging in Adam’s bridge area
- L&T bags Delhi airport face-lift deal
- Forex reserves rise by $ 2.707 bn
- ICL & NPIL vibe with ex-im trade to celebrate success
- TT Club offering nuke & bio-chem terrorism cover
- GTI takes initiative to form Nhava Sheva HR Forum
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| DECEMBER 13, 2006 |
- Gazeley names new marketing director
- TT Club offers nuclear and biochemical insurance
- Finnair to upgrade network
- SystemPlus extends fast services
- TNT Logistics renamed Ceva Logistics
- IRU supports call to withdraw EC proposal on supply chain security
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| DECEMBER 12, 2006 |
- AIG buys DP World’s US terminals
- Baltic opens in Singapore
- MOL’s new Russian training scheme
- BW Gas sells LNG ship
- NYK boss advises Panama Canal Authority
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| DECEMBER 12, 2006 |
- BP to charter first U.S. Shipping NASSCO newbuild
- Northrop Grumman cooperates with aluminum boat builder
- Carnival orders newbuild for Costa
- DP World finds buyer for U.S. port operations
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| DECEMBER 13, 2006 |
- Troubled TOP Tankers faces two class action lawsuits in New York
TWO class action lawsuits seeking damages for alleged violations of US securities laws have been filed against TOP Tankers.
- Port ‘targets’ in Brussels secret list confusion
BRUSSELS ministries contradicted each other yesterday on the European Union’s ‘critical infrastructure protection programme'.
- Costa takes up $491m option from Fincantieri
CARNIVAL-owned Costa Crociere has taken up an option on a second cruiseship to be built by Fincantieri.
- Shipping groups express concern about EC maritime Green Paper
SHIPPING has expressed profound reservations over the thinking underlying the European Commission’s Maritime Green Paper.
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| DECEMBER 12, 2006 |
- Migrant Watch: US/Caribbean
Stowaways are having a much harder time crawling aboard US-bound vessels in the ports of the Dominican Republic, a conference was told last week
- Carnival takes another option
CARNIVAL Corp has exercised an option for Costa, pushed off one for Holland America Line and left a third for Carnival Cruise Lines unmentioned
- No delight for Turkish diplomacy
PORT relations between Turkey and Cyprus have become confused following zigzag diplomacy that has failed to advance Turkey’s bid for European Union membership
- Torm to boost shareholder value
DS Torm, the listed Danish bulk shipping company, has agreed to review how to generate more shareholder value after discussions with its biggest shareholder
- India considers higher LNG price
- EU approves Peel Ports deal
- India, Pakistan to sign protocol
- Hurtigruten sells older tonage
- Spanish owners try, try again
- Korea needs more LNG ships
- Carnival confirms TUI talks
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| DECEMBER 12, 2006 |
- DP World leading list of Hamburg bidders
Dubai firm has emerged as a leading contender to acquire a sizeable stake in HHLA, top container stevedore at Hamburg.
- Mexico will some keep U.S. apple duties in place
- JoC, Integration Point to host free trade webcast
- U.S. trade gap narrows
- Gain for Seaway traffic
- Horizon amends credit facility
- Norfolk Southern to spend $97M on intermodal
- Trailer Bridge wins Ford pact
- TNT Logistics renamed
- Montreal requiring box seals
- India plans port spending
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| DECEMBER 12, 2006 |
- Japan’s Fair Trade Council calls for anti-trust immunity abolition in wake of EU regulatory changes
Japan’s Ministry of Land, Infrastructure and Transport has said it will take a fresh look at shipping line’s anti-trust immunity following a report released by Japan’s Fair Trade Commission last week.
- Asian invasion could follow Toll terminal and rail asset sale
The Toll Group is considering spinning off its Patrick Terminals and Pacific National rail interests by placing them in a managed trust, to free up cash for aggressive Asian expansion.
- OOIL deal pumps up DPW’s US asset fire sale
- Vietnam sets date for WTO accession
- Chinese port restrictions hinders firework exports
- APL cuts Oakland IT staff as jobs move closer to Singapore home
- JICT workers start industrial action over employees benefits
- PIL extends NZ interests with agency acquisition
- Deputy moves into Oakland’s vacant executive director role
- Updated: DP World sells US facilities
- Tensions rise as army is brought in to keep the peace in Bangladesh
- CMA CGM gets interim order aimed at silencing Jacque's brother Johnny
- PSAI step into Gwadar following DPW’s exit from the tender
- NOL says volumes continue to go up and revenues down
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| DECEMBER 12, 2006 |
- Genmar cover up
New York owner confirms two more aframaxes fixed on charter, bringing period commitment to 55% heading into touch-and-go 2007.
- Sultans of spin
Teekay Offshore's public offering set to price at target Wednesday in another deft spinoff of assets by Vancouver owner.
- Horizon reloads revolver
US-flag liner operator increases revolving credit facility by $25m as part of senior credit reshuffle.
- Top gets popped
How US-listed Top Tankers is fast becoming shipping's favourite legal pinata.
- Nordseewerke cuts a SWATH
German yard to build two Small Waterplane Area Twin Hull revenue cutters for federal customs.
- Drugs seized on passenger ferry
UK customs recover £500,000 of cocaine after search of car on P&O’s Pride of Bilbao.
- Beltest breaks silence...just
Lack of "unsolicited offers" for shareholding in Torm keeps market waiting and share price falling.
- Steamship at standstill
Financial breakeven in prospect as rising P&I claims wipe out healthy investment return.
- Cruise Costa lotta
Fincantieri picks up another $556m order from Carnival’s Italian subsidiary.
- RAL rues late delivery
Greenland boxship line sees chartered-in ship detained in Morocco
- Chowgule orders in Japan
Indian panamax owner signs for a smaller unit at Saiki Heavy Industries with options for four more.
- Russia to sell yard stake
Federal Property Fund to auction 20% slice of Amur Shipyard in Primorsk.
- Cala eyes Maltese yard
US corporation wants to buy Marsa Shipyard to build "underwater" cruiseships.
- Hurtigruten sells two
Specialist-cruise outfit considering sale of newer coastal unit after two more vessels leave fleet.
- CSDC offloads tanker quartet
Another China Shipping Group (CSG) subsidiary takes handysizes as new vegetable oil regulations loom.
- TMM storing up profits
Mexican tanker owner adds warehousing firm to boost pre-tax earnings.
- Baltic branches out
London-based Exchange seeks to cater to Asian clientele with new regional office in Singapore.
- Singapore steps up box checks
US-bound containers will be more closely screened for nuclear material from January.
- US holds Athenian tanker
Captain X Kyriakou among three ships stopped over suspected oily water separator violations.
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| DECEMBER 12, 2006 |
- U.K. Shipping Minister asks for comments on EC maritime Green Paper
- Grimaldi fails to convince Finnlines shareholders
- Interest in TORM cools
- Yang Ming re-charters 3,129-TEU ship from Danaos
- Trailer Bridge wins Ford contract
- Growing ocean trade hard on the ears of marine mammals
- GAC South Africa opens Saldanha office
- Canada signs first ever air transport agreements with Croatia, Serbia
- UPS looks to cut another 650 jobs
- NCBFAA gets full FIATA membership
- Coyne Airways to serve Caspian via London, Cologne
- Cathay moves 9.3% more freight in November
- United renews U.K. cargo general sales agency contract with Globe
- Kyocera awards BAX Global warehouse management system contract
- Icelandic air cargo joint venture to move fish
- Norfolk Southern to spend $1.34 billion in 2007 on capital improvements
- GM to sell Vector interest for $85 million
- Schwab: "Mixed record" for China on 5th anniversary of WTO accession
- TNT now CEVA Logistics
- Korea plans logistics fund
- Israeli shippers seek compensation from government
- Taco Bell distributor gets clean bill of health
- Kent to lead DHS outreach to Congress
- OH Logistics leases Indiana warehouse
- Sphinx Egypt joins Worldwide Project Consortium
- Lanier’s comments make a splash
- Montreal makes seals mandatory on inbound containers
- Port of Busan dredging study commissioned
- Panama Canal adds NYK Line chief to advisory board
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| DECEMBER 12, 2006 |
- Hurtigruten Group sells two vessels
Hurtigruten Group has sold the 6,257 grt Narvik, built 1982, to Norway’s Young Seamen’s Christian Society (Unge Sjømenns Kristne Forening ...
- IACS questions IMO decision
IACS (International Association of Classification Societies) is not satisfied with the adopted IMO-standard for coating, reports Lloyd’s List. IACS ...
- Approval of STS transfers at North Cape
Norwegian Pollution Control Authority (Statens Forurensingstilsyn) has approved ship-to-ship (STS) transfer of Russian gas condensate in two fjords ...
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| DECEMBER 12, 2006 |
- Auxiliary engine fuel rule conference call scheduled
California ARB looking for discussion and input ahead of 2007 implementation.
- Mixed bunker picture as crude slides
US prices and avails vary port-to-port as year end approaching.
- Chinese supplier to open Singapore unit
One of China's newly-approved bonded bunker suppliers to open Singapore trading base.
- Strong interest in Chemoil's shares
Heavy oversubscription reported for shares offered to the public.
- Major expansion for Amsterdam terminal
Valero LP unit sets out plans to boost storage capacity and oil product loading facilities.
- Rotterdam barge trade quiet as congestion continues
- Oil prices down on warmer US weather
Market remains uncertain what to expect from Thursday's OPEC meeting.
- Talk of another shortage in Korea
Bunker traders anticipate tight availability next week, oil refiners think otherwise.
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