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| DECEMBER 19, 2006 |
Shipping News
- Shipping rates fall in Q3 as new vessels boost capacity
THE world's shipping lines charged less to move containers in the three months ended September, as new vessels entering the fleet boosted capacity, Containerisation International magazine said.
- Penang Port to get RM1b upgrade
TERMINAL operator Penang Port Sdn Bhd plans to spend RM1 billion in the next five years to improve Penang Port's infrastructure and facilities, says a report in Malaysia's Business Times.
- US Southeast ports, railroads eye China trade
ROY Schleicher points through a chain-link fence at a 65-hectare plot that has been cleared for a new port terminal for consumer goods from China and other Asian countries.
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| DECEMBER 19, 2006 |
- NYK launches first of its eight biggest box ships
- MTL to pour US$1.2b in expanding mainland ports over coming three years
- Germany's TUI to sell Montreal terminal to cut costs, debt
- Gateway Distriparks to win CFS Jawaharlal Nehru Port contract
- Making containers easier and cheaper to load Down Under
- Congestion problems eased at Durban container terminal
- Singapore and Ireland strike open skies deal
- Fears of oversupply of airfreight capacity as India's fleet grows
- ABX Air gains new board director
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| DECEMBER 19, 2006 |
- New EC rules ‘may spark price wars, mergers’
- UASC forms new JV company with Jardine Shipping Services
- ANL Singapore, Royal Burger Group form new agency cos in Germany & Netherlands
- INTTRA alliance with China Ocean Shipping Agency sparks boom in e-commerce growth in S-E Asia market
- OOCL names 4,500-TEU vessel built by Hudong
- Chowgule Steamships places order for 37,000-DWT bulk carrier
- TCS to provide SCI software solutions
- Easier cabotage laws, rationalised fiscal regime & developed shore infrastructure mooted
- 3 new National Waterways planned
- Economic partnership initiative with japan flagged off
- FTA can raise India-Asean trade to $ 35 bn by 2010 - Assocham survey
- Pak softpedals on SAFTA pact
- Seafood industry seeks better deal to become globally competitive
- SAIF Zone beckons Indian Inc.
- India-UAE Trade Policy Forum mooted
- DP World Nhava Sheva’s hour of pride
- India to invest Rs 4.5 bn in Myanmar’s Sittwe port
- CONCOR-Seaways JV proves major boon for North India shippers
- Impact of the US slowdown on India
- Peak Customs duty rate may be cut to 10 pc in 2006-07 Budget
- Export growth stabilisation phase near, says Ficci survey
- CITI wants TUFS to be continued
- Excise duty cut on man-made fibres hinted at
- Commerce Ministry wants duties on parts at par with finished products
- London mayoral offices in Delhi, Mumbai planned
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| DECEMBER 18, 2006 |
- Former EU transport commissioner de Palacio dies
- Otal launches two new services
- Korean Air Cargo serves Tel Aviv
- Betuwe concession goes to Searail
- French Seine–Nord canal gets started
- Kuehne+Nagel wins outsourcing contract from Slovak Telekom
- EU Commission to remove railway law discrepancies
- EU green book on Galileo satellite navigation published
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| DECEMBER 18, 2006 |
- Herz buys GL
- DP World sells Shekou stake
- Inchcape’s Petrobras deal
- Horizon pays back US$25m
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| DECEMBER 18, 2006 |
- Carnival orders second giant from Fincantieri
- Aker books construction vessel order
- Norwegian merger to create world's largest offshore company
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| DECEMBER 18, 2006 |
- Schnitzer closes deal for Advanced Recycling
- Carnival calls in option for new cruise ship
- Report on trade deal with Columbia posted by International Trade Commission
- DHS eyes new rule covering US rail industry
- Vitarana, Yeager receive 2006 Connie Awards
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| DECEMBER 19, 2006 |
- Statoil joins with Norsk Hydro in huge oil merger
STATOIL and Norsk Hydro have agreed to merge their oil and gas operations to become the world’s largest offshore operator and a major exporter of hydrocarbons.
- Damage to reputation gives energy giants sleepless nights
BIG energy companies are far more worried about damage to brand and reputation than natural catastrophes that can hit their installations, a survey by Willis broking group has shown.
- BP memo attacks company ethos
TONY Hayward, BP’s head of upstream operations, has hit out at his employer’s leadership style and cost-cutting culture on an internal website, writes Martyn Wingrove.
- Container lines winning battle over Asia-Europe freight rate increases
HARD evidence is emerging that container lines have regained the upper hand in the Asia to Europe trades, writes Janet Porter in Amsterdam.
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| DECEMBER 18, 2006 |
- Norwegian heavyweights get together
OSLO 18 December – Norwegian companies Norsk Hydro and Statoil have unveiled a merger of their oil and gas activities, but analysts expect the implications for shipping to be limited
- Barmy Army cruise hit for six
A 140-day charter of the veteran cruise ship Orient Queen became available when a previous charter to serve as a cricketers' hotel fell through
- Five gold rings for Korean builders
SOUTH Korean shipbuilders have taken the top five places in the latest listing of yards and their order backlogs from Clarksons, the London-based shipping services provider
- Birka axes jobs to trim costs
BIRKA Cruises, part of the Finnish short cruise and freight ferry group Birka Line, is to axe 27 jobs on its 34,758-gt cruise vessel Birka Paradise to trim costs
- Carnival converts huge option
CARNIVAL Cruise Lines has exercised its outstanding option at Fincantieri for a sister to its largest post-Panamax newbuilding ever
- Hamburg picks HHLA front-runners
HAMBURG has drawn up a shortlist of suitors for a stake of up to 49.9% in its municipal container terminal operator HHLA
- Shanghai struggles to find graduates
- BC Ferries 'must be accountable'
- Mazda to scrap Cougar Ace vehicles
- Korean wins controversial contract
- Essar S&L looks at energy acquisitions
- Further blow for SNCM over CMN
- SNCM blow as tender cancelled
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| DECEMBER 18, 2006 |
- Strong month for eastbound trans-Pacific
Containerized imports moving through Southern California ports eased off from October, but were higher than the same month a year ago.
- Task force urges port security user fee
- Maersk to develop Vietnam container terminal
- Weather aids Lakes cargo
- Rail volume rebounds
- DP World sells Shekou stake
- Singapore will develop trade zones in India
- ABX Air tabs director
- Qatar Airways orders pair of 777 freighters
- India plans development of Myanmar port
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| DECEMBER 18, 2006 |
- Sri Lanka launches four-terminal Colombo project
Sri Lanka has launched an infrastructure project that will increase Colombo’s container-handling capacity threefold, with a new, state-built harbour holding up to four terminals operated as public-private entities.
- SITC Maritime to absorb Beijing's top airfreight forwarder
SITC Maritime Group's logistic arm is merging with New Times International Transport Service to form what it dubs "a supply chain management and logistics giant in China".
- European Commission EU to tighten security measures
- Kerala Government concedes defeat over Chinese company security clearance and re-tenders Vizhinjam
- NYK to deploy its first titan on Grand Alliance's EU4
- EPIC partners produce another chef d’oeuvre
- TOL links China with New Caledonia
- Canada transpacific conference prepares grand rate-raising plan for 2007
- Private-sector crane operator still facing hurdles at Chittagong Port
- Inchon Port offers incentives to existing and new customers
- Marseilles-Fos volumes increase 4% as north-south numbers creep back
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| DECEMBER 18, 2006 |
- Peace pipe
OSG, US set to agree record $37m settlement in 'pipe' case as chief engineer set free in Texas.
- BV accepts defeat
But beaten French classification society warns GL will face ‘financial pressure’ going forward.
- Another monster for CCL
Cruise giant orders second 130,000-tonner which, coincidentally, has an extra 44 berths.
- Two dead in Caspian explosion
Six injured after blast due to suspected technical failures onboard Azeri state-owned tanker under repair.
- Cougar Ace cargo scrapped
All 4,700 cars on storm hit car carrier to be scrapped at a cost of over $70m.
- Missing crewman found injured
Mystery surrounds support ship worker discovered with broken leg in store room roof space after two days.
- HHI stays at the top
Korean yard is world leader again in terms of order backlog, but Samsung moves above Daewoo into second.
- Faultless at fault?
Minor collision at a Fujairah anchorage sends two crude carriers off to repair yards.
- Malta denies yard sale
No talks with Nasdaq-listed Cala Corp over takeover of Marsa to build cruiseships.
- Tassie firms want Patrick ships
West Coast Transport and Southern Shipping eyeing Bass Strait freight operation.
- $10.7m drug hit
Shipowner clobbered by huge "street value" fine for cocaine found on ship in US port.
- Adsteam says claim "ridiculous"
Australian agency will fight damages bid from Peninsula over failed PNG ferry.
- ITF set for Dublin showdown
Russian owner lands in Ireland for crisis talks on outstanding crew wages as ro-ro remains under arrest.
- Dohle sells to Shreyas
German owner revealed as seller of 1991-built feedership aimed at boosting logistics business.
- Essar in big rig bid
Division of Indian shipping giant looks to spend $400m on drilling units to benefit from high demand.
- Icebreaker ready at last
Murmansk Shipping's 50 Let Pobedy to start sea trials after construction process spanning 17 years.
- CalMac ready for battle
Scottish ferry group to tender for state-subsidised highland routes, including new ship for Islay run.
- Guyana ferry slams into pontoon
State-owned Torani hits boat at New Amsterdam, but no injuries reported.
- Filipinos go home
Eleven crew back in Philippines after being stranded on general cargoship in Albania since July.
- Maersk back at Asenav
Danish giant returns to Chilean shipbuilder to order a pair of ice-strengthened platform supply vessels.
- Vroon in ABG hat trick
Dutch shipowner has just ordered a third diving support vessel at expanding Indian shipbuilder.
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| DECEMBER 18, 2006 |
- Hamburg businessman acquires Germanisher Lloyd
- ESPMC-WITASS doubles Trinidad congestion surcharge
- EMTA lowers Israel war risk surcharge
- Alianca buys own Santos office
- DHS, DOT seeking to bolster rail safety
- U.S. targets mid-February implementation of 2007 tariff changes
- Pelosi says 100% inspection regime still a priority
- Vietnam goods could face delays at U.S. docks
- OOCL-Aberdeen report: Visibility key concern for supply chain execs
- U.S., Brazilian soybean farmers try to stoke demand in India
- Slovak Telekom outsources logistics to Kuehne + Nagel
- OOCL Logistics opens Guangzhou warehouse
- Kuehne + Nagel opening Kobe office
- STL to expand presence in India, Iran
- China Merchants to pay HK$3.2 billion to merge Shekou terminals
- Three U.S. terminals start using Navis software
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| DECEMBER 18, 2006 |
- Shell Offshore takes Arctic offshore vessels on charter from Finstaship
The Finnish shipping enterprise Finstaship has agreed with Shell Offshore Inc. about chartering two multipurpose icebreakers for the following three ...
- Norsk Hydro and Statoil to merge
The Norwegian companies Norsk Hydro and Statoil are planning to merge their gas and oil activities, forming the world’s biggest ...
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| DECEMBER 18, 2006 |
- Clean air port conference dubbed a success
Ports committing to "continue dialogue" on reducing emissions following meeting.
- APL tests new fuel technology
Shipowner adding water to fuel, taking other measures for cleaner ship emissions.
- Low sulphur plans keep forward prices strong
Plans for North Sea Sulphur Emissions Control Area are putting pressure on forward prices for low sulphur fuel oil.
- New bunker firm enters Singapore
Chinese-based group opens office to procure bunker product for the port of Shenzhen in China.
- Rotterdam market still firm
- Break in fog allows shipping to resume
Houston bunker stocks left swollen after fog disrupts demand.
- Chemoil announces low-sulphur offer
Both MDO and MGO to be supplied at the ports of Los Angeles, Long Beach.
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