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| NOVEMBER 20, 2006 |
Shipping News
- China Shipping eyes stake in Pelepas port
A Chinese shipping giant is eyeing a stake in two Malaysian ports, including top container port Tanjung Pelepas, which neighbours Singapore, a report said on Saturday.
- Euro halal storage centre to open next year
THE Port of Rotterdam expects its new warehouse in Netherlands, which would facilitate the storage and distribution of halal products, to be operational next year, Rotterdam City's vice-mayor, Roelf de Boer said.
- China Merchants buys port, land from parent
CHINA Merchants Holdings Co has entered into an agreement to buy HK$1.63 billion of port and land assets from its parent, the company said.
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| NOVEMBER 20, 2006 |
- COSCOL 4th most competitive listed company in China
- MSC announces independent transatlantic rate restoration
- Ningbo sees double-digit growth in trade
- Qinzhou port container volume surges 69pc y-o-y to October
- Senator Lines concludes 'painful' downsizing talks
- Xiamen port cargo surpasses last year's total, hits 3.3m TEU
- Mainland Cepa imports from Macau set record
- PG Logistics to open in 15 cities in China
- Air cargo forwarders given nod to set up private firms in China
- Jetstar to go to Nagoya, Osaka while Qantas focuses on Tokyo
- FedEx to add 32 new offices to China network in one year
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| NOVEMBER 20, 2006 |
- Global shipping lines see burgeoning India-China trade as answer to empties
- Cruiser calls at NMP
- Chinese demand pushes up prices
- Bangla crisis affecting border trade
- India, China to sign several pacts during Hu’s visit
- Texprocil signs MoU with Uzbekistan
- Gujarat to export 4,000 t. castorseed oil to China
- India to bring up issue of US order over shrimp at WTO again
- Italy keen to invest in India
- India, Mauritius to sign CECPA
- Kerala begins land acquisition process for Azhikkal port
- CONCOR announces raft of new initiatives to facilitate ex-im trade
- Chennai ACC users suggest storage of goods at CFSs
- Iron ore export policy coming
- RIL, Birla Group drawn to Vizag SEZ
- Forex reserves swell by $1.168 bn
- Month-long ‘Poland Days in India’ festival inaugurated
- AIAI to hold meeting with Polish team on Nov. 22
- Luncheon session with Quebec Minister today
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| NOVEMBER 17, 2006 |
- Hellmann Worldwide Logistics selects new product manager
- Senator Lines starts implementation of "Concept 2007"
- Aer Lingus increasing Europe coverage in 2007
- EWS launches EWS Industrial
- Russian Railways to take over Transmashholding?
- DHL Exel launches Australian 'direct to pharmacy' operation
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| NOVEMBER 17, 2006 |
- HK owners back Intertanko on distillate fuel
- Strong market buoys Knightsbridge
- Novatug enters South American market
- EDF charter for "K" Line
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| NOVEMBER 17, 2006 |
- Northrop Grumman hops on Underwater Express
- Celebrity Cruises cancels Millennium cruise
- Island Offshore back at Aker
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| NOVEMBER 17, 2006 |
- Coast Guard monitoring cargo ship in Gulf of Alaska
- Hamburg Sud changing name of Spanish line
- Celebrity cruise vessel will miss sailing due to repairs
- Andre Elmaleh named Port of Tacoma auto business boss
- Weekly rail freight numbers post up/down week
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| NOVEMBER 20, 2006 |
- Shell wins bumper Nakilat LNG fleet deal
QATAR Gas Transport has appointed Shell International Trading and Shipping to manage its fleet of at least 27 new LNG carriers in a 25-year deal.
- Senator survival strategy sees jobs and services axed
SENATOR Lines is axing services and cutting jobs in yet another fight for survival.
- Maersk Line seeks $300-per box increase to stem Atlantic rate slide
MAERSK Line is taking action to halt the slide in freight rates on the Atlantic by telling customers it will be targeting increases of at least $300 per container next year on westbound routes.
- Nymex doubles its money on debut
SHARES of energy exchange Nymex Holdings Inc more than doubled in their market debut on Friday, climbing as high as 129%, a day after pricing above a forecast range.
- Strike Club agrees modest 5% advance call rate increase
SHIP operators enrolled in mutual insurer Strike Club will be asked for a 5% increase in advance call rates for the 2007-2008 policy year, club directors have decided.
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| NOVEMBER 17, 2006 |
- Tapias pounces on Navigasa
LA CORUNA 17 November – Spanish operator Grupo Tapias has brought a 42.5% stake in Galician owner Naviera de Galicia (Navigasa) for an undisclosed sum
- Thoresen Thai profit slides
DRY bulk operator Thoresen Thai Agencies has posted unaudited net profit for the year to 30 September well below the result reported a year ago
- Vessels stranded by crane dispute
A row over operations of four quay gantry cranes has left at least 13 gearless container feeder vessels stranded at Chittagong
- Funding found for Scilly upgrade
A £39M ($74M) scheme to improve the ferry service linking the Isles of Scilly to the UK mainland would see a new passenger/freight vessel and harbour improvements
- Sun Ace, Celebrity fined for polluting
TWO shipping lines have been fined in the US and two seafarers are set to stand trial following separate incidents on the east and west coasts
- Sovcomflot fast-tracks into LNG
SOVCOMFLOT chairman Igor Shuvalov has described the company’s move into the LNG sector as a landmark achievement for Russian shipping
- Senator to axe jobs in Germany
- Ottawa overrules unions on security
- Singapore urges use of 'safe speed'
- EC move gives hope to shippers
- RCL hit by 3Q rate weakness
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| NOVEMBER 17, 2006 |
- Senators urge $400M for port security
Bipartisan quartet who guided SAFE bill through the Senate ask Bush to provide $400 million for port security grants in fiscal 2008.
- U.S. Customs program to aid Asia trade development
- Shippers skeptical of West Coast short sea: Survey
- China firm in Malaysia terminal talks
- Portland boxes gain 33%
- MSC to independently hike trans-Atlantic rates
- UPS rates to rise by 5%
- U.S. offers whale-safe routes
- Canada sets background checks for port workers
- Hamburg selling stake in its biggest stevedore
- Fraser River traffic steady
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| NOVEMBER 17, 2006 |
- Port privatisation in the dock as Turkish Supreme Court is set rule on Mersin test case
Port privatisation in Turkey has reached a pivotal point with the Supreme Court decision on the Mersin privatisation test case expected within a fortnight.
- Major Customs changes for Australian imports
Around 1,200 changes will be made to the Australian Customs Service’s Harmonised Commodity Description and Coding System used by importers to classify and determine tariffs from January 1.
- MSC and Maersk announce transatlantic rate increases
- News Analysis: Be tough on the transatlantic, urge market players, led by Maersk
- Heung-A bucks the shipping trend and posts a 61% Q3 profit
- Political manoeuvring keeps Chittagong cranes idle
- CN launches grain container facility to facilitate West Coast exports
- Australian cotton joins drought casualty list
- Smuggled Spanish meat bone meal stopped by Jakarta customs
- Silport starts breakwater construction, but delays launch of box handling
- Analysts say Shanghai will beat Singapore and Hong Kong in 2007
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| NOVEMBER 17, 2006 |
- Geden flips capesize
Turkish resale artist Geden Lines is reported to be at it again with a Shanghai Waigaoqiao capesize.
- US yards sue USCG
US shipyards and shipowner Pasha are taking the US Coast Guard to court over Matson Navigations’s ship conversion plans.
- BV bid 'not hostile'
Bernard Anne guns to create world's largest class society claiming size will guarantee Germanischer Lloyd's survival.
- Paragon of bulk
Greek dry bulk player Paragon Shipping has completed private-equity offering in US, but may have settled for less than its goal.
- UK holds eight
Novoship pair fall foul of MCA inspections with one a "preventative detention" for repairs in Belfast.
- Klaveness crewman dies in fall
A seaman is dead at Mobile after falling from the gangplank of a Klaveness self-unloading bulker.
- Citi to bankroll Vinalines
The $3.2bn expansion plans of Vietnamese shipowner Vinalines have found a sympathetic banker.
- Hefty Hawaii hikes
Matson is raising California-Hawaii box rates again to pay for its new ships plus shoreside investments.
- Vinashin flogs more paper
Vietnam’s Vinashin is selling $18.7m worth of bonds on the domestic market to fund export shipbuilding projects.
- Euroseas seeks $50m
Bulk-to-boxship owner prepares convertible share offering ahead of hoped for Nasdaq listing.
- Micro profit for Omega
Book loss on sale of bulkers and derivative contract losses keep income at a minimum for Greek product tanker owner.
- Eitzen poaches Olsen
Eitzen Chemical is hiring a new boss, Terje Askvig, away from Fred Olsen Renewables.
- Aker lands more Island orders
Order for two PSVs at Aker by Island offshore brings to 23 the number of contracts between the Norwegian pair.
- Tokai takes a hit
Japanese ferry owner plunges to a nine-month loss as revenues drop back.
- Sanoyas rebounds
Japanese shipbuilder turns loss to profit in first half as revenues climb.
- A fistful of Euros
Carnival launches EUR 750m bond issue in face of still-weak dollar.
- Tamai on the slide
Profit and revenue weaker for Japanese bulker owner in first six months.
- France pulls UN card on N Korea
Tiny Indian Ocean territory of Mayotte scene of first declared ship inspection under UN sanctions against rogue state.
- GdF giant goes forth
Provalys becomes the world's largest LNG carrier and the first to be powered with diesel-electric.
- Havila has another 19%
Norwegian owner raises stake in KS company building an anchor-handler at Havyard Leirvik.
- Sasebo turns it around
Japanese shipbuilder pulls out of the red in first half as revenues grow.
- EDF takes K Line bulker
French trader inks five-year charter deal for Japanese owner's 177,000-dwt newbuilding.
- Namura takes a plunge
Japanese yard widens net losses in first six months, but is still predicting full-year profit.
- NGSCO takes control
Emirates gas player assumes management of quartet of its own LNG ships ending 12-year deal with BP Shipping.
- Thoresen sells supply boat
Thai shipowner’s Mermaid Maritime subsidiary has disposed of a vessel to Malaysian interests.
- New yard for Batam
UAE engineering company Fabtech is planning new facility on Indonesian island.
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| NOVEMBER 17, 2006 |
- NIT League to review OSRA in 2007
- MSC copies Maersk with transatlantic rate restoration outside TACA
- Car carrier trade will reach 19.8 million units by 2010
- "K" Line signs long-term bulk carrier charter contract with EDF
- OMI’s board declares dividend, authorizes shares repurchase
- More lines cutting capacity to halt rates dive
- Asian shipper group lauds latest EC decision on liner conferences
- BIMCO to EC: Add international goal to future maritime policy
- APL’s volume up, revenue down
- NIT League to strengthen ties with air cargo sector
- National Air Cargo buys Murray Air
- ITDS picks up steam
- Chinese company takes advantage of U.S. logistics training
- USDA releases $39 million for 3 overseas trade promotion programs
- Transition underway at CBP Trade office
- ITC probes U.S. high-performance outerwear, travel goods industries
- USDA considers imports of Indian mangoes
- Navis ties up Georgia DC software deal with Cal Cartage
- Eurinpro names Knan as Germany managing director
- Canada spends C$42 million on latest round of security projects
- VeriTainer will test nuclear detector on Oakland crane
- PSA Singapore renews container truck fleet
- Elmaleh to lead auto business for Port of Tacoma
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| NOVEMBER 17, 2006 |
- Double naming ceremony at Brodosplit
Concordia Maritime’s and Neste Oil’s jointly owned 74,999 DWT product tankers under construction at Brodosplit Shipyard in Split have been ...
- Hurtigruten Group finally in the black in 2007
Hurtigruten Group, which operates the Coastal Express from Bergen to Kirkenes, has announced preliminary pre-tax results of NOK 196 ...
- Polferries to increase capacity on Nynäshamn-route
On January 8, 2007, Polferries will put the recently acquired ro-pax ferry the Zenit in service on the Gdansk ...
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| NOVEMBER 17, 2006 |
- Hedging manages risk, 'plain and simple'
Forum hearing message that hedging tools offer price protection for bunker buyers.
- Bunker prices tumble as crude oil falls
Singapore sees deepest losses as bunker markets weaken in major hubs.
- Another fuel oil trade independent of Platts
Singapore fuel oil market could be ready to explore alternative pricing sources.
- Door ajar to Iranian bunker market as new company starts operations
Bunker supply to foreign vessels already offered in Bandar Abbas with reports that service could be extended.
- Bunkering still suspended in Mumbai
Players speak of "all out effort" to resolve a bureaucratic confusion over licensing requirements.
- Rotterdam market follows crude down
- Oil firm, tanker owner seek release from criminal charges
Petron offical says criminal charges from Guimaras provincial prosecutor's office following lack 'factual and legal basis'.
- Maersk participates in oil spill exercise
Oil spill exercise simulates a tanker collision with a barge near Norfolk.
- Oil prices plunge below $57
Crude prices plummet to lowest levels in a year
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