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| NOVEMBER 21, 2006 |
Shipping News
- Freight Links widens its regional expansion drive
MAINBOARD-listed Freight Links Express Holdings continues its expansion into the fast growing chemical logistics business as it focuses on acquisitions and strategic partnerships to further its regional expansion drive.
- Cruise ship hit by virus delayed for cleansing
A thorough scrubbing of the Carnival Liberty began on Sunday as the ship docked after a virus sickened nearly 700 passengers on a trans-Atlantic cruise.
- Big trucks steal limelight
HUGE trucks and not container ships took centrestage by the wharves of PSA's Pasir Panjang Terminals on Friday.
- Sri Lanka plans another major port
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| NOVEMBER 21, 2006 |
- Container throughput in Singapore and Hong Kong rise in October
- Geodis acquires TNT Freight Management for US$590m
- Hanjin Shipping opens new office in Felixstowe
- China Shipping to invest in key Malaysian ports
- ZIM to further shorten transit times on transpacific express service
- Northport enhances fumigation facilities
- GAC clinches 2 gongs at Lloyd's List awards
- UA boosts service to China
- Northwest pilots okay proposed Detroit-Shanghai route
- Lufthansa named 'official carrier' of International Handball Championship
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| NOVEMBER 21, 2006 |
- ATC (Clearing & Shipping) Pvt. Ltd launches Golden Jubilee celebrations
- Logistics firms latch on to booming retail sector
- CII calls for new mechanism to galvanise maritime sector
- Proposed Merchant Shipping Act changes to cover 200-mile EEZ
- OEL wins Lloyd’s List award in Ship Owner/Operator category
- DP World to invest £ 1.5 bn in major UK port & logistics business project
- PWC Logistics unveils
- MSC announces independent transatlantic rate restoration
- Higher fuel costs, lower charges pull down shipping lines’ profits
- MoS to rope in pvt. sector, avers NMPT chief
- NSB urges govt to bear a third of capital dredging expenses
- Agencies and Cargo Care loads non-refined edible oils into 8-wheel BTVN tank wagons
- Lalu hints at ‘miracles’ in store for Rlys
- Sharp cut in subsidies in 11th Plan
- SEZs may see sun set over plethora of export sops
- Minister hints at ban on maize exports
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| NOVEMBER 20, 2006 |
- Interest swaps hit Golar
- Wagenborg ship detained by UK
- Hydro renews Farstad charter
- Canada to spend US$37m on port security
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| NOVEMBER 20, 2006 |
- Coast Guard moves ahead on FRC-B program
- Vane Line may seek Delaware lightering permit
- Austal bags order for "multiple" ferries
- Shell to manage Qatar LNG ship fleet
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| NOVEMBER 20, 2006 |
- Tacoma Port Commission Oks budget for 2007
- Brian Ziegler named to Washington freight investment board
- Chinese delegation to discuss new laws at Seattle conference
- Matson set to increase Hawaii rate, terminal charge
- USDA delaying start dates for Canada fruit/vegetable fees
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| NOVEMBER 21, 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.
- Saadé seeks a foothold in US terminals
FRENCH shipping group CMA CGM is after a foothold in the North American ports industry with an offer on the table for DP World’s US east coast assets, but a stake in a west coast facility the top priority.
- China Shipping plays Westports against PTP
CHINA Shipping has upped the ante in its negotiations for a stake in Westports Malaysia, saying it is also in talks with the Port of Tanjung Pelepas, writes Marcus Hand in Singapore.
- Trade on agenda as Hu arrives in India
China’s President Hu Jintao arrived in India yesterday to resume talks on resolving border disputes and increasing bilateral trade between the world’s two fastest-growing major economies to $100bn annually by 2010, reports Bloomberg .
- Sovcomflot signs $434m six-ship loan
LEADING Russian shipowner Sovcomflot and HSH Nordbank, the world’s largest ship financing bank, have signed a loan agreement of $434m for six vessels, writes Herbert Fromme in Cologne.
- Shell wins Nakilat LNG contract
A prestigious contract to manage at least 27 liquefied natural gas carriers owned by Qatar Gas Transport (Nakilat) has been won by Shell.
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| NOVEMBER 20, 2006 |
- Court rules on seafarer PEME status
MANILA 20 November – The pre-employment medical examination does not determine the seafarer’s true state of health, the Philippine Supreme Court has ruled.
- Hurtigruten prepares for Greenland
HURTIGRUTEN managing director Henrik Andenes says there is strong demand for a series of cruises in Greenland waters
- Snubbed Vietnamese delay pact
VIETNAM'S snubbing by the US Congress has had the effect of delaying a maritime transport agreement that was to have been signed during President Bush’s visit
- Takeover creates mining giant
THE $25.9Bn acquisition of Phelps Dodge by Freeport-McMoRan Copper & Gold will create the largest mining company in North America
- Shipyard planned for Dar es Salaam
TANZANIA Ports Authority is planning to put up $15M to develop a shipyard at Dar es Salaam, and is now seeking a partner to invest in, and possibly, run the facility
- Shell to manage Nakilat LNGs
- Matson conversion ruling contested
- UASC Agencies India ready to roll
- Spy role mooted for Australian shipping
- More pod woes for Celebrity
- Golar LNG interim hit by financing
- Jinhui misjudges charter market
- China Shipping eyes PTP stake
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| NOVEMBER 20, 2006 |
- Rotterdam sets monthly box record
Europe's biggest container hub in September recovered from a sharp slowdown in growth in the first half of the year.
- Matson ups Hawaii rates
- U.S., Russia sign trade deal
- U.S. delays Canada border fees
- Senator cuts jobs, services
- Nehru mulls plan to offset revenue shortfall
- Oakland port sets nuke test
- Great Lakes cargo volume falls
- India welcomes Chinese investment
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| NOVEMBER 20, 2006 |
- CMA CGM expect, and regret, more liner consolidation
French shipping group CMA CGM is after a foothold in the North American ports industry with an offer on the table for DP World’s US east coast assets, but a stake in a west coast facility is the top priority, writes Lloyd’s List.
- PTP may lure third major client from its neighbours
China Shipping is thinking of investing in the Port of Tanjung Pelepas, and moving its transhipment hub from Malaysian rival Port Klang.
- Rotterdam unions receive ECT subpoena
- Shipping agents’ ultimatum to Chittagong Port chairman
- Two ocean carriers join China's rail container terminal project
- Jacques Saade’s invitation sparks new carrier/shipper dispute
- Labour urges rethink on Mumbai container terminal
- EU wine and spirit shippers try to ease bottleneck of Indian duties
- Shippers are sceptical about Saade’s chaos theory
- Canada funds more marine security projects
- Carriers, shippers protesting Indonesian Customs’ EDI project
- S. Carolina lawmakers and business lobbies make case for state road funding
- HPH inks Ecuador port investment
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| NOVEMBER 20, 2006 |
- Right tack for 2007?
Analyst thinks OMI's strategy of fatter dividend, slimmer shares float will sustain company in weaker 2007 for tanker market.
- DryShips dives on 3Q loss
FFA setbacks, other one-time charges send bulker owner $9.4m in the hole despite strong hire rates for the sector.
- Sovcomflot seals loan deal
HSH Nordbank hands $434m to Russian giant to finance six tankers on order at home and in Korea.
- Roasted beets
Wagenborg bulker appears to escape major damage as its cargo catches fire on Great Lakes journey.
- Union fury at "cheap" tickets
Officers see red over latest case of "confetti" crew certificates on a UK flag ship.
- Ferrer replaces Ponomarev
Philippine diplomat takes chair of IMO safety committee following death of Igor Ponomarev.
- Man dies after ferry fall
Irish national taken from water after falling from Irish Continental Group vessel off coast of Wales.
- Attica ups stake
Greek ferry group adds another EUR 4.3m slice of rival Minoan Lines to its holding.
- Lack of interest hits Golar
LNG player falls to loss in third quarter after being stung by falling interest rates.
- Qatar is sure of Shell
Oil major awarded 25 year Nakilat shipmanagement deal for 27 LNG carrier newbuildings.
- Bernander bounces back
Former Gard chief set to return to the shipping scene as a director of Eitzen Chemical.
- Three drown off Japan
Chief engineer among dead as Cambodia-flagged general cargo ship sinks off Yamaguchi.
- Orion sells Sophie
Danish owner offloads container carrier to Arrow of Norway for offshore conversion.
- Andersen takes pallet carrier
Danish owner snaps up another small cargoship as Seatrans sells.
- Murmansk profit plunges
Russian tanker owner and icebreaker manager watches earnings halve in first nine months.
- High five for MISC
Malaysian owner set to book $90m gain on sale of aframax quintet with charter-back for between three and seven years.
- Jinhui misses spot
Revenue and profit tumble in third quarter as high freight rates fail to match spot market in third quarter.
- Zim coming up on rails
Israeli boxship owner buys into consortium building 18 cargo-train terminals in China.
- A decisive don’t know
More readers of TradeWinds are in favour of a Swedish Club – Skuld merger than against, but even more are uncertain or don’t knows.
- Split boosts Arpeni
Indonesian tanker and bulker owner’s share price jumps after it reveals stock-split plan.
- Hamworthy up on gas
"Highest recorded level ever" for LPG contracts lifts UK marine equipment group to increased first-half profit.
- Ofer goes green
Owner of Israeli boxship line Zim raises money for new investments, including biofuels.
- Delay costs to rise 5%
Strike Club plans modest increase in its advanced call rates for 2007/2008, but warns against complacency.
- Celebrity cancels cruise
Cruise line pulls plug on Millennium December cruise over need to repair pod propulsion unit.
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| NOVEMBER 20, 2006 |
- Drewry introduces new freight rate benchmarks
- Matson to raise rates to Hawaii
- NOAA: Where she blows please don’t go
- UPS tops FedEx in 2007 rate increase
- New York-New Jersey Port Authority to study airport expansion site
- Zim investing in Chinese rail improvements
- Lynch steps down as head of ABF sales
- U.S, Russia enter "far-reaching" WTO market access agreement
- Hyde issues "groundbreaking" GAO study on dual-use technology exports
- USDA postpones inspection fees at Canadian border until March 1
- DHS presses forward on container security device
- COAC establishes five subcommittees
- USDA chief talks trade issues with Indian leaders
- U.S., Indonesia enter agreement to combat illegal log trade
- UTI acquires Span
- Vote on Los Angeles-Long Beach clean air action plan due today
- China Shipping weighs investment in Malaysian ports
- Tacoma approves 2007 budget
- Royal Fumigation to serve shippers using Virginia’s marine terminals
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| NOVEMBER 20, 2006 |
- Houston heads for $250 bunkers
Bearish trend continuing as key US Gulf port heading for record low.
- PDVSA reveals Caribbean refinery plans
$1.5 billion on the table for minority share but more investment may be needed.
- O.W. Bunker plans growth in Asia
Development of Asia network a 'top priority' for the group management.
- O.W. Bunker welcomes addition to Hong Kong office
- Acute bunker fuel shortage hits South Korea
Newbuilds due for launch this month could be left high and dry after South Korean refiners sell out of fuel oil for November.
- MARPOL Annex VI: Drastic sulphur reductions to be considered
Options on the table at next IMO working group include stricter SECA sulphur caps or a 'global SECA'.
- Little activity in Rotterdam Monday
- Fujairah fuel oil contract looks to 2007 lift-off after slow start
New Fujairah fuel oil futures contract will offer an alternative pricing instrument to Platts, offical says.
- Singapore bunker demand and prices stay soft
Singapore's market regains competitiveness over Port Klang after a plunge in bunker prices last week.
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