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| JULY 27, 2006 |
Shipping News
- Ship for Dubai firm another marvel from ST Marine
THE recent launch of a container ship at the ST Marine yards may have gone without much fanfare, but for the Singapore Technologies Engineering subsidiary it was another display of its capability in non-defence building projects.
- TUI shares gain 6% on talk of takeover by AP Moller-Maersk
SHARES of TUI rose almost 6 per cent yesterday on market talk that Denmark's AP Moller-Maersk is interested in buying the German tourism and container shipping company.
- Orient Overseas plans to sell four container terminals
ORIENT Overseas Ltd, owner of Asia's eighth-largest container shipping line, said it may sell four terminals in the US and Canada.
- Indon navy arrests tsunami aid pirates
- Royal Caribbean seen posting 22% drop in Q2 profit
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| JULY 27, 2006 |
- Evergreen, Hanjin enter into slot charter agreement
- NOL registers box volume growth but revenue per FEU slides
- APL extends stay at Oakland and will double terminal's capacity
- Goltens appointed engine repairer for Hanjin Shipping
- Schenker opens new warehouse for hi-tech industry in China
- Rickmers MPC ship makes rare call at Port Klang
- Emirates to open second route to mainland China
- American Airlines applies to fly to Beijing
- Cargolux offers another Doha service
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| JULY 27, 2006 |
- MidEast conflict taking a toll on shipping industry
- Fresh tenders for import of 1 m tonnes of wheat likely soon
- Anti-dumping duty on POY from China recommended
- India-Asean FTA talks suspended
- Kutch may soon be declared as ‘imported timber conversion zone’
- UK, EU patent offices promise to protect India’s traditional knowledge
- 26.6 pc rise in crude oil imports in June
- India, EU keen on CECA-like deal
- Lakshadweep seeks exclusive berth at Cochin Port
- Kandla Port sets new productivity levels in sugar handling
- Why China tops in cargo handling
- Ministry sees 25 pc growth in textile exports in 2006-07
- ONGC to develop kakinada SEZ on Mangalore model
- RBI action appropriate in economic situation, commends CII
- No impetus to SMEs, laments AIAI
- Right step to hold inflation-IMC
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| JULY 26, 2006 |
- Senior KLM appointments
- Port of Vancouver reports good mid-year figures
- Emirates to launch Beijing service
- Nordisk Express acquires Norwegian Ecotrans
- FedEx reports solid growth for financial 2006
- New vehicle length law in Wisconsin
- Sigoa-Tops officially launched in Burkina Faso
- Fiata World Congress 2006, Shanghai, 17-21 September
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| JULY 26, 2006 |
- US Federal Court torpedoes Massachusetts shipping law
- Eimskip takes 70% of Kursiu Linija
- Listing car carrier evacuated
- Euronav’s Q2 earnings down
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| JULY 26, 2006 |
- Stolt-Nielsen tries again
- "Human error" seen in cruise ship list incident
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| JULY 26, 2006 |
- OOIL eyes disposal of Terminals Division
- International Maritime Organization Oks award to recognize bravery at sea
- Federal Grand Jury hits OSG with waste oil disposal indictment
- Crewmen rescued from listing MOL car carrier
- Evergreen Marine Oks slot-charter deal with Hanjin
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| JULY 27, 2006 |
- Korean yards face Japanese steel price demands
JAPANESE steel plate suppliers are demanding South Korean shipbuilders accept a rise in steel plate prices as yard workers call for higher wages, bonuses and welfare payments.
- Tui shares seesaw as rumours of Maersk takeover excites market
SHARES in Hapag-Lloyd’s parent company Tui soared briefly yesterday on speculation, later dismissed by container industry insiders, that AP Moller-Maersk is hovering in the wings with a takeover bid, writes Katrin Berkenkopf in Cologne and Janet Porter.
- Turkey joins in Lebanon refugee operation
TURKISH ports have relieved some of the pressure on Cyprus by opening their doors to evacuees from war-torn Lebanon.
- Judgement leaves salvors facing bigger risks
SALVORS’ exposure to risk looks set to increase after a High Court ruling in London yesterday in favour of the owners of a ship caught up in the débâcle surrounding the Tasman Spirit oil spill.
- HK shipping register tops 31m tonnes
Hong Kong’s shipping register briefly crossed the 31m gross tonnes mark to reach a new record, writes Keith Wallis in Hong Kong .
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| JULY 26, 2006 |
- Princess admits human error
LOS ANGELES 26 July - Princess Cruises president Alan Buckelew has confirmed in an open letter to passengers that last Tuesday’s dangerously heavy list aboard the Crown Princess "was due to human error and the appropriate personnel changes have been made".
- Boxship freed at Jacksonville
THE container ship Horizon Discovery, which grounded yesterday in the St John’s River in Jacksonville, Florida, was freed last night and is now undergoing a hull inspection
- Erika trial pushed back yet again
HEARINGS that will start the long-awaited Erika trial are now set for 12 February 2007, it was reported yesterday
- OMI beats earnings forecasts
OMI Corp handily beat Wall Street earnings forecasts in a record second quarter as it rode higher capacity and improved Suezmax crude rates
- Russian terminals divided in split
THE two controlling shareholders of Russia’s leading box stevedore, National Container Company, have fallen out and are trying to divide the assets between them
- MarAd nominee moves forward
MARAD Administrator designate Sean T Connaughton will face a formal hearing on his nomination by the Senate Commerce Committee tomorrow
- Three more for USCG black list
- Iran, India LNG supply deal falters
- Hopes fading fast for Saf Agulhas
- Judge rejects Eller bid to stop DPW
- Migrant Watch: US/Caribbean
- Pollution regs will hit BC Ferries
- Venezuelan refinery may be closed
- Cougar Ace to be towed to safe port
- Massachusetts spill law struck down
- Court rejects Stolt appeal
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| JULY 26, 2006 |
- Trade groups say Customs needs to rebalance security and trade facilitation
The NCBFAA's Muoio (far left) tells House panel Customs and new chief Basham need to rebalance duties.
- Alliances join on all-water, U.S. East Coast service
- Hanjin upgrades Asia-LatAm
- Coast Guard panel cites issues with port ID card
- APL signs long-term pact with the Port of Oakland
- ICC calls for WTO trade negotiations to resume
- Norfolk Southern volume grows
- Horizon ship back in service
- DP World signs for Peru port
- DHL, Lufthansa Cargo in strategic security partnership
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| JULY 26, 2006 |
- Trade bodies call for streamlined customs
Trade bodies may be resigned to ‘red tape’ introduced by the EU’s revised Customs Code – now being fine-tuned – but they are urging the Commission to streamline other legislation.
- DPW and ICTSI show interest in Lamong Bay project
Dubai Ports World and International Container Terminal Services Inc have both expressed an interest in the Lamong Bay project in East Java, said Indonesian Transport Minister Hatta Radjasa last week.
- Smaller, lower-spec vessels dip below horizon
- Santos truckers threaten action to keep concessions
- Commission cancels enquiry after CIMC abandons Burg takeover
- MAX pact sees MISC become silent Middle East partner
- Nuremberg joins the trimodal fraternity
- CPR intermodal revenues gain 9%
- Genoa counts a half-year of uneven growth
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| JULY 26, 2006 |
- Nice surprise, but....
Genmar beats 'street' earnings estimate, but takes $2.4m reserve for Kestrel collision, $3.7m more for Glencore's claims against OBOs.
- Courting the Supremes
Finding no justice with Justice David Souter, Stolt-Nielsen is trying a new justice in John Paul Stevens.
- Eagle flying too high
UBS lowers recommendation after recent share surge pumps up valuation, while Nordic and Double-Hull also docked.
- $3.25m fine for Yang Ming
Record penalty as US settles allegations that containers lost overboard from Med Taipei in 2004 damaged marine sanctuary off California.
- Siem stock surges
Investors like second quarter numbers which show 40% hike in sales and $13m in profits.
- Interest costs Star Reefers
Financing of bigger fleet keeps a lid on Norwegian owner's first-half profit.
- Asso Maritima plots expansion
Augusta Offshore’s Brazilian offshoot looking to order three supply ships and three anchor handlers.
- TUI shares spike on Moller rumour
Speculation the Danish giant could make a move on its German competitor sends stock price up 6%.
- Hamworthy wins Samsung deal
UK company to supply LNG regasification kit for two Hoegh shuttle vessels under construction in Korea.
- STX exceeding expectations
South Korean shipbuilder has raised its 2006 order forecast by 30% as new business increases.
- Cobelfret reaches tipping point
Belgian ro-ro owner’s directors have won control of just over 50% of UK ports group Simon’s shares.
- Mercator sees weak start
Indian tanker and bulker player’s results dulled by increased operating and drydocking expenses.
- List blamed on human error
Princess says crew to blame for incident that left passengers injured as first lawsuit is filed.
- NYK extends TPC links
Japanese shipowner secures a second charter contract to ship coal from Taiwanese power company.
- Euronav's profits slip
Belgian tanker owner sees 12% decline in net profits for second quarter of 2006 compared to a year ago.
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| JULY 26, 2006 |
- Mazda takes a bath in MOL vessel accident
- Hanjin, Evergreen exchange space
- MISC takes space on Middle East-Asia Express of OOCL, T.S.K. Line
- OMI reports record earnings
- Barge industry hails pollution decision
- Emirates Shipping Line appoints Jardine Pacific as Thai agents
- Cargolux adds second Luxembourg/Indianapolis service
- ANA selects Globe Air Cargo as New York, Boston agent
- DHL, Lufthansa Cargo sign air cargo security pact
- Swiss WorldCargo signs ULD management over to Jettainer
- Tax benefit, strong Canadian dollar boost CP Railway’s 2nd-quarter profit by 206%
- BNSF’s 2nd-quarter income rises 28%
- OOIDA denounces talk of pilot program for Mexican trucking companies
- Truck manifest comes to New York
- USDA considers imports of pineapple, other exotic fruits from Thailand
- C.H. Robinson’s 2nd-quarter profits up 35%
- Phoenix expands in India, Sri Lanka
- Glazer’s chooses Management Dynamics system
- Ryder to provide additional services to metal company
- Blalock to join CombineNet
- FMC reviews 13 OTI license applications
- Ozburn-Hessey gets Cypress Medical Products contract
- Compliant filed with FMC over shipment to India
- PierPass to have testing period for new export rules
- Hong Kong terminals to introduce security charge
- Virginia installing security readers at port terminals
- Cordrey named chairman of Delaware port owner
- Lonrho Africa looking to expand Luba Freeport into West African oil hub
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| JULY 26, 2006 |
- Bunker supplier caught in black market fuel sting
Authorities making eight arrests, leaving future of company uncertain.
- US court decision may set pollution precedent
Federal authority upheld for oil spills and industry groups pondering implications for wider ship emissions rules.
- SECA driving growth in additives market
Consulting company says new sulphur restrictions driving growth in fuel additives markets and predicts increasing revenues this year.
- DOE at a glance: This week's key US inventory figures
- Quiet barge market in Rotterdam
- No improvement in number of pirate attacks
Emergence of new risk areas counterbalancing positive developments in old hot-spots.
- Hong Kong: Suppliers braced for tight avails
Shortage in avails a possibility over next week; typhoon Kaemi makes landfall in Fujian.
- Singapore: Horizon Terminal commits to larger storage capacity
A further 240,000 m³ of tankage to be added in phase 2 of the project.
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