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| NOVEMBER 24, 2006 |
Shipping News
- Jurong Port clinches Emirates Shipping
AFTER losing one of its key customers to PSA Corporation earlier this year, Jurong Port has scored a minor coup over its much larger competitor by wooing newly formed, but rapidly growing Emirates Shipping Line to its container facility.
Strait Talk
- IMO suddenly goes simplistic
WHAT on earth is going on at the International Maritime Organization ? After years of complaining about ill-thought-out, knee-jerk reactions by lawmakers every time something goes wrong at sea, the maritime community is now giving the wider world a master class in the simplistic approach.
Admiralty Casebook
- Larger vessel takes bigger blame in close-quarter hits
THE excessive speed of a bulk carrier in a close-quarter situation was enough for an English court to rule earlier this month that it had to take more of the blame for a collision even though both vessels committed a string of navigational errors.
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| NOVEMBER 24, 2006 |
- Evergreen's 7th 7,024 TEU ship to arrive in March
- Port of Seattle predicts record revenues in 2007
- CN to lower fuel surcharge on New Year's Day
- Trans Asia Line opens Malaysia office
- Northport gearing up to meet new box lifting challenge
- Galveston port deal ends labour trouble at box terminal
- Hong Kong airport traffic shows growth in October
- Lockheed Martin forms Savi Group to leverage combined expertise
- Cargolux to expand capacity on Xiamen-Europe route
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| NOVEMBER 24, 2006 |
- Ignazio Messina reaffirms commitment to Indian trade
- L&T homes in on Gujarat, Andhra Pradesh & TN for major shipyard project
- Shreyas Shipping to buy box vessel
- India Inc scaling the Great Wall
- India among top investors in Russia
- WTO body to probe US dumping duties on Indian shrimp
- Leather exports striding to $ 7 bn by 2011-CLE
- 19 pc rise in H1 tobacco exports
- MPT announces promotional scheme for iron ore shipments at west of breakwater, mooring dolphins & for transhippers
- Port sector open for $ 7.7 bn private investments over 6 years
- Kerala CM determined to press PM on Vizhinjam project decision next week
- Paradip Port handles fertiliser after decade
- Gateway Distriparks acquires 50.1 pc stake in Snowman to enter cold chain logistics
- CECA with China now, FTA later, says Kamal Nath
- Move to plug excise duty payment loopholes
- EU asks India to soften stand on agriculture at WTO talks
- Rev. Dept begins scrutinising exporters’ duty drawback claims
- FDI influx may come under scanner
- Refund levies on exportable goods, states to be told
- PM to speak at global logistics meet
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| NOVEMBER 24, 2006 |
- Conftrasporto names new president
- BV/GL alliance would "survive downturn"
- Aer Lingus to upgrade long-haul services
- Del Fungo Giera links Italy and France
- Eimskip expands activities in Asia
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| NOVEMBER 23, 2006 |
- GL works council opposes BV bid
- Barbados sets new investigation guidelines
- Gibson pulls out of Dubai JV
- Near hurricane force winds forecast for UK
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| NOVEMBER 23, 2006 |
- B+H Ocean plans bond issue
- Germanischer Lloyd Works Council slams BV offer
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| NOVEMBER 24, 2006 |
- GL workers pledge to defend ‘hostile bid’
GERMANISCHER Lloyd’s works council has promised to fight for the independence of the classification society, write Bülent Erdogan and David Osler.
- Future of OOIL ports remains a mystery
TRADING in Orient Overseas (International) Ltd shares remained suspended yesterday for the second consecutive day pending the promised announcement of an asset sale.
- Fury over ‘cheap’ foreign repairs boils over in US
DOMESTIC outrage over Jones Act shipowners getting "cheap" repairs at foreign yards, and still reaping the cabotage law’s commercial reward, has boiled over in the US, writes Rajesh Joshi in New York.
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| NOVEMBER 23, 2006 |
- Swedish Sirius buys neighbour
REDERI AB Sirius, the Swedish short-sea product tanker owner, has acquired Rederi AB Brevik, another company in the same business
- China, India discuss ore exports
CHINESE president Hu Jin-tao, currently on a visit to India, has called for enhancing the bilateral trade between the Asian giants to target $40Bn by 2010
- China Merchants IPO raises $566M
CHINA Merchants Energy Shipping has raised Rmb4.45Bn ($566M) in an initial share sale to buy ships to meet China’s future energy needs
- GL employees appeal to shareholders
- Cosco Corp expects conversion surge
- British FPSO hostage killed
- OOIL sells terminals to Brookfield
- Singapore poised for cruise boom
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| NOVEMBER 23, 2006 |
- Asian alliance set seal on Euromax deal ending two-year search for N. European hub
The CKYH Alliance is poised to become the co-owner of the Euromax terminal along with ECT at Rotterdam’s Maasvlakte, industry sources confirmed to ci-online.
- OOIL deal denied by Brookfield Asset Management
- Transport corridors: put up or shut up, say Russian transport players
- PAN Australia’s demise may have contributed to soaring intermodal volumes
- St Petersburg’s FCT starts vehicle booking trial
- Beijing’s ambassador asks Indians not to single out Chinese firms
- Two more titans joining Taiwanese fleets
- Customer consideration drives Maersk's Auckland choice
- OOIL shares suspended for a second day
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| NOVEMBER 23, 2006 |
- Dubai not so hot
UK broker E A Gibson says its position in the Emirates through a joint venture didn’t offer an inherent advantage.
- Sirius scoops three
Swedish tanker owner buys compatriot Rederi AB Brevik and its small fleet.
- Dubai divorce for Gibson, AGB
Emirates-based specialised cargo broking joint venture comes to an end "due to change in business strategy."
- New UK pay threat
Owners braced for fresh challenge to low-paid seafarers as government's Ladyman starts legal review.
- Thailand opens up ports
Post-coup government wants private sector to run vital terminals like Laem Chabang.
- Hard climb for Halim Mazmin
Malaysian owner confident of profitable 2006 with slightly improved third quarter net income.
- Pan Ocean ups tanker orders
Korean owner contracts for three more MRs at STX Shipbuilding.
- Losinjplov loses the plot
Croatian ro-ro owner watches nine-month profit plunge as costs rise.
- Shreyas adds feedership
Indian boxship line augments fleet with 1991-built acquisition.
- Red flag at Lloyd Fonds
Investors punish Torsten Teichert's KG house after firm warns fund delays will cut revenues.
- MISC makes more
Malaysian tanker giant sees third quarter profit shoot up on back to 10% revenue hike.
- L&T raises the stakes
Indian shipbuilder prepared to pump much more cash into constructing second yard.
- Matson presses ahead
US owner to send ship to China for upgrade despite legal action from US yards and rival Pasha.
- OOIL sells terminals
Hong Kong boxship group reported to have struck $1.8bn deal with Canadian investor for North American facilities.
- Seadrill well oiled
Huge dayrates for mobile units pushes profit at John Fredriksen’s offshore company past the second-quarter high.
- Q-Ship offloads duo
Varun Shipping and Vietnam National Petroleum Corp snap up aframax and products tanker.
- CMES rakes in $570m
Chinese state-owned tanker owner floats 35% of company to raise money for double-hulls.
- Zikos named DryShips CFO
Nasdaq-listed bulker player appoints replacement for recently departed Christopher Thomas.
- Precious sells five
Thai bulker owner expects gain of $21m from sale of 1980s-built quintet to Pacific King of Singapore.
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| NOVEMBER 23, 2006 |
- Irregularities around the sale of Scandlines
The sale of Scandlines is beginning to look like a political scandal over the border between Denmark and Germany. The ...
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| NOVEMBER 23, 2006 |
- Avails remain tight in Brazil
Santos tightening but other locations presenting a mixed picture today.
- MAN reveals dual fuel propulsion
Engine maker demonstrating gas and liquid fuel options at industry event.
- Panama deliveries resume
Barging underway after weather closing down operations, but ships still delayed.
- Maritec appoints UK sales agent
Singapore-based fuel testing service seeks further growth with expansion of sales network.
- IMO begins countdown to second SECA
Owners have a year to prepare to use low-sulphur fuel or fit an exhaust gas cleaning system in the North Sea SECA, but what happens next?
- Singapore: Stocks of residual fuels at 14-week high
Middle distillate stocks also rise in the week ended November 22.
- Kuwait offers third spot cargo to Singapore
State-owned KPC offers its excess supplies of fuel oil to Asian hub.
- Korean refiners unhappy with Platts' price assessment
South Korean refiners cry foul over Tuesday's Platts benchmark price for 380 cst material.
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