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| SEPTEMBER 21, 2006 |
Shipping News
- Court rulings 'threaten Filipino seafarer jobs'
RECENT compensation rulings by the Philippine Supreme Court could lead to employers of Filipino seafarers 'walking away' from what is currently the largest source of manpower for the world fleet, the International Maritime Employers Committee has warned.
- India's Larsen to spend US$400m on shipbuilding
LARSEN & Toubro, India's biggest engineering company, will invest US$400 million in its shipbuilding unit, seeking to gain market share for smaller vessels as South Korean yards rush to complete record orders.
- China Cosco's profit falls 65% on rates, port unit
CHINA Cosco Holdings, owner of the nation's biggest container-shipping line, had a larger-than-expected drop in first-half profit due to lower freight rates and a fall in earnings from its port unit.
- Malacca Strait users offer vocal support for projects
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| SEPTEMBER 21, 2006 |
- Cosco suffers 64.7pc profit loss on back of rate fall, higher bunker costs
- China Merchants Holdings' profit up 3.8pc in first half
- Swift opens Delhi branch
- LA, LB throughputs rise substantially in August
- ESC signs up Andrew Trail for advice on policy matters
- Korean Air, Sinotrans to form air cargo JV in China
- Fraport, Lufthansa Cargo team up to strengthen Frankfurt Airport
- Teamsters, UPS start contract negotiations early
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| SEPTEMBER 21, 2006 |
- IAL group set to emerge stronger
- Rangnekar to represent ICC in preparing Plan document
- Commerce Ministry considering imposition of anti-dumping duty on Chinese silk fabrics
- MMTC again cancels tenders to import urad, moong
- Major Port expansion, Sethu projects lure global players
- Paradip Port hums with activity again
- Shipbuilding yard for Tuticorin Port on agenda
- MPT holding trade meet on Sept. 25
- PM to lay base for Rlys’ freight corridor in Ludhiana on Sept. 27
- RIL keen to participate in Railways’ western freight corridor project
- Rlys roping in retail players to raise freight revenue
- Railways’ port link projects attract slew of private players
- DGFT allows exporters to withhold names of importers in shipping bills
- Minimum value addition lowered for jewellery exports
- Compensation package for persons displaced by SEZ projects likely
- IMC workshop on ‘VAT Audit’ tomorrow
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| SEPTEMBER 20, 2006 |
- ICTSI names new officers for Philippine, Indonesian units
- FANZL boosts services
- LAB restarts Bolivia-Madrid services
- SBB Cargo participating in Transwaggon's wagon pool
- Polimoon acquires packaging specialist Plastohm
- EU approves Austrian aid scheme for combined transport
- Fresh Opportunities congress approaching
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| SEPTEMBER 20, 2006 |
- Bright Artemis spill fears over
- Master injured in Indonesia port
- Solar 1 "may have been transferring cargo"
- ABS gives full approval to CNG carrier
- New BV yacht rules
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| SEPTEMBER 20, 2006 |
- ABS approves Coselle CNG ship design
- Aker Philly floats out first tanker
- COSCO Dalien to build MPF hull
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| SEPTEMBER 20, 2006 |
- Department of Commerce plans changes to FTZ system
- Crowley adding vessel to meet holiday demand
- Portland Coast Guard office holding open house Saturday
- Three winners announced for Washington Governor's trade awards
- Diana Shipping taking over contracts for two bulk carriers
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| SEPTEMBER 21, 2006 |
- Brussels’ 24-hour box rule ‘fatally flawed’
BRUSSELS’ clone of the US "24-hour rule" for advance container screening - to be enforced among the 25 member states from July 2009 - would "achieve nothing" and have “no real security value” because of a fatal flaw in the current version of the draft, a liner shipping expert has warned.
- Normal working for Thai ports after military seize control
THAILAND’S main port of Laem Chabang was working normally yesterday following Tuesday’s overnight military coup which saw tanks rolling down the main streets of Bangkok.
- OPEC says oil price to settle at $50 a barrel
OIL price attitudes appear to be converging, with producers and consumers forecasting $50 crude for the medium term, writes Martyn Wingrove .
- Danaos lines up $200m New York share offer
GREEK containership owner Danaos Corporation has filed with the US Securities and Exchange Commission for an intended $200m initial public offering on the New York Stock Exchange.
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| SEPTEMBER 20, 2006 |
- Shun the gun culture: Mitropoulos
KUALA LUMPUR 20 September – IMO secretary general Efthimios Mitropoulos has urged ship owners to resist the temptation to carry arms to fight off pirate attacks
- Littoral states key to Malacca safety
MAINTENANCE of safety and security on the Strait of Malacca should hinge on the littoral states with users volunteering their assistance, an IMO director said today
- Turkey eases flag requirements
TURKEY has eased restrictions on its flag, removing the requirement to call at a Turkish port before registration, and extending the registration period to one year
- N Koreans seek ferry compensation
NORTH Korea’s Minjok Insurance General Co is reported to have made insurance claims with UK and Russian reinsurance companies, including one involving a ferry
- Seacats could bring Caribbean closer
A call for fast ferry services linking the Eastern Caribbean from Guyana up to the Bahamas has been made by the People’s Empowerment Party of Barbados
- Macquarie makes terminal breakthrough
MACQUARIE Korea Opportunity Fund has taken a 40% stake in six container terminals in an agreement with Hanjin Shipping
- Oil price climbs on Thunder Horse news
- Bulker Edco fails safety inspection
- Unpaid salvor threatens ship arrest
- Sulphide spill ship cleared to go
- Spain wins Marseilles repair yard
- Sakhalin greens back attack on Shell
- WSC sides with US on seafarer credentials
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| SEPTEMBER 20, 2006 |
- Hanjin sells 40% stake in U.S. terminals
Australia's Macquarie buys into terminals in Long Beach, Oakland, Seattle, Taiwan and Japan for $348 million.
- Approval seen for Peters
- DP World boosting global container capacity by 50%
- No holiday for rail traffic
- Clipper Lasco freed from reef
- American Commercial Lines sells Venezuela operations
- Norfolk Southern expands Modal-X
- Work to start on Indian rail freight corridor
- Schenker re-ups alliance
- India to speed port projects
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| SEPTEMBER 20, 2006 |
- INFA urges "cabotage" principle to protect domestic forwarders
The Indonesian National Forwarders’ Association is urging the government to adopt "cabotage" principles in the sector, in a bid to protect the country’s local forwarders from foreign domination.
- "Re-lets, re-lets, re-lets": brokers scan horizons for new business
- MarAd appointee backs shortsea shipping
- South Korea proposes test operation on Trans-Asia Rail
- US establishes Dialogue to sweeten climate of trade relations
- Danaos Corporation goes to market, with New York IPO
- Schenker to follow China's 'Go West' policy
- Ship financier reveals box-shipping pessimism
- Economists: Thai coup could lift economy
- Melbourne exports soar
- Kiwi ports re-equip
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| SEPTEMBER 20, 2006 |
- Klaveness ship in fatal collision
One woman is dead after a bulker collided with a 92-ft sailboat today in the Long Island Sound.
- Frontline VLCC in Suez grounding
Reports of oil spill from suezmax which also briefly grounded avoiding stalled Frontline tanker.
- ITF loses boycott case
Danish court rules against International Transport Workers Federation over $500,000 boycott of BBC Chile.
- Cebu yard thinks big
Tsuneishi’s joint venture with Philippines group Aboitiz to spend $100m to almost double bulker-building capacity.
- DnB Nor makes Chinese play
Norwegian bank starts foray into China with financing deal for two Shanghai Time bulkers.
- Sulpicio must pay for Dona Paz
Philippines court rules owner must pay damages for negligence in worst peacetime maritime disaster.
- Hanjin sells terminal share
Korean investment fund takes 40% stake in Hanjin Shipping’s terminal businesses in Japan, Taiwan and US.
- Eitzen readies chemical activity
Camillo Eitzen chemical offshoot to list in Oslo "shortly" as share offering subscription period opens.
- SCI courts steel giant
Indian owner seeks to form joint venture to transport materials for huge Arcelor Mittal group.
- Minoan sells to Moby
Greek ferry operator offloads 2002-built Ariadne Palace to Italian owner.
- DOF orders in India
Norwegian owner contracts two supply ships at Tebma Shipyard in Chennai.
- ACL axes Venezuelan ops
US-listed barge operator inks deal to dispose of Orinoco River barge and towboat operations.
- Mauritius owner to expand
National shipping company MSC wants two more ships to make African island self-sufficient.
- Maersk trims Americas links
Danish shipping behemoth amalgamating two services between North and South America into one.
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| SEPTEMBER 20, 2006 |
- China COSCO's profits succumb to weaker container market
- APL's volume up, revenue down
- Zim joins CSAV Norasia's Asia/Europe loop
- OOCL names its first China-built containership
- NYK signs LNG charter contract with Gaz de France
- U.S. provides $523,000 grant for Vietnam Airlines modernization
- Low water levels on Great Lakes means ships 'light loading'
- Senate passes U.S.-Oman free trade agreement
- Iraqi trade officials check out U.S. wheat production
- Levy departs BAX Global for PWC Logistics
- EU 24-hour rule should include NVOs, Koch says
- FMC reviews 10 OTI license applications
- Hanjin sells 40% of terminals business to Macquarie for $870 million
- Election realities to ice port security bill, maritime official says
- New York plans system for locating empty containers
- Long Beach to spend $45.8 million on green terminal
- Baltic Container Terminal chooses Tideworks for TMS
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| SEPTEMBER 20, 2006 |
- More cars to CMP
Copenhagen Malmö Port, CMP, continues to grow as import hub for new cars. Already being the largest import port for ...
- TTS to deliver ro-ro equipment for Airbus vessels
TTS Ships Equipment in Göteborg will deliver 720 tons of ro-ro equipment to two vessels, built primarily for transportation ...
- DOF orders in India
Norwegian DOF has ordered two platform VS 470 MK II supply vessels from Temba Shipyard in India. The vessels are ...
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| SEPTEMBER 20, 2006 |
- Bunker price floor sinks lower with bearish crude
US ports seeing prices heading further south as crude and fuel oil continues its record slide.
- Compliance with SECA regulations '10% or less'
Policing of sulphur emission control areas is likely to be stepped up next year.
- Durban refinery expects to manufacture bunkers 'this week'
Maintenance work finally draws to a close at the Sapref plant and product is moving from Cape Town to Durban to ease shortages.
- Inadequate port infrastructure hitting India's economy
APL chief calls for strategic investment at key hubs.
- Reports: Urgent CO2 cuts needed to avoid climate chaos
Greenhouse gas emissions underestimated due to failure to include shipping and aviation.
- Rotterdam softer, prompt supply tight
- Oil prices near $60
Saudi Arabia's oil minister says oil price is ''reasonable'', bunker prices fall in line with softer crude.
- Tight fuel oil avails grip East Asian market
Low bunker fuel availability in South Korea and Hong Kong not likely to recover until late-September.
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