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| NOVEMBER 27, 2006 |
Shipping News
- Keppel O&M eyes more deals with Gulf Drilling
DELIVERING its first jack-up drilling rig of a two-rig contract to Qatar's national drilling company Gulf Drilling International on Friday, Keppel Offshore & Marine is eyeing repeat business with its newest customer as its yards worldwide remain busy with 29 jack-ups in various stages of construction.
- Persian Gulf tanker rates seen falling
THE cost of shipping crude oil from the Middle East to Asia on two-million-barrel oil tankers may fall to a seven-month low as mild US weather and reduced Opec production curb tanker demand.
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| NOVEMBER 27, 2006 |
- Danaos takes delivery of world's largest containership
- Yangshan Phase 2 to be up and running in December
- Port of Luzhou Jan-Oct box volume soars 105pc
- Ships pile up at Chittagong in dispute over crane operation
- Yangzhou to build mega logistics park
- BAX Global wins Cisco Systems supplier award
- Air France-KLM cargo rises in overall loss in H1
- First Xiamen-Seoul all-cargo air service launched
- Jade Cargo to start services to Osaka, Barcelona and Brescia
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| NOVEMBER 27, 2006 |
- WPG reaffirms commitment to core objectives
- Hu charts five-step roadmap for economic ties
- India, China sign MoU on commodity trade
- ...to review farm trade prospects
- Asean wants India to reduce negative list to 173
- Longest container vessel berths at VCT
- VPT sets new single-day cargo handling records
- MbPT sets new single-day record in wheat handling
- PPP appraisal panel gives go-ahead for TPT’s second box terminal
- MoS favours PPP route, but Port Trusts must finance dredging
- Cold storage solutions for perishables now make sound biz sense for logistics players
- Parekh Group’s Seabird CFS at Mundra now fully functional
- Railways hard-pressed to meet rising demand for rakes, Box-N wagons
- Aviation Ministry may clear Nagpur cargo hub in December
- India Inc invests $ 2.16 bn in US
- WTCs at surat, Ahmedabad proposed
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| NOVEMBER 27, 2006 |
- M&M Militzer & Münch names new director
- Evergreen Group's type S fleet now seven strong
- Hungary gets four offers for Malev airline
- SNCF and La Poste plan TGV network for mail and freight
- Grundfos selects Kuehne + Nagel as preferred logistics provider
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| NOVEMBER 24, 2006 |
- Canada's Joint Support Ship project moves ahead
- Keppel FELS completes Qatar rig
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| NOVEMBER 27, 2006 |
- OOIL cashes in with American ports sale
ORIENT Overseas (International) Ltd has sold its North American port assets to a Canadian pension fund at a price that left analysts gasping.
- New price benchmark bodes well for DP World asset sale plans
DUBAI group DP World should receive well above the asking price for its US terminal assets now a new benchmark has been set for port valuations.
- GL looks for white knight to scotch BV’s takeover plans
GERMANISCHER Lloyd, the embattled German classification society, is looking for alternative bidders beyond the takeover offer from Bureau Veritas and the interest voiced by US investor Cerberus and German technical services group Dekra.
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| NOVEMBER 24, 2006 |
- Karachi-Dubai cruise dream shatters
THE Karachi-Dubai cruise service launched with a great fanfare on 7 November has hit snags, only shortly after the first five-day voyage
- GL's review of BV offer 'next week'
Germanischer Lloyd’s executive board is set to finish its examination of the takeover bid by Bureau Veritas next week, GL said on Friday
- New shape for banana group
The banana group Jamaica Producers is pinning its future expansion in part on increasing its fruit and freight cargo movements
- Scandlines ferry strategy pays off
- Terminal buyers foresee strong growth
- Rikstrafiken extends Gotland bidding
- No Trafigura comment on report
- Maersk regains US market share
- 'K' Line transfers LNG management
- Australia awaits Cole report findings
- Germans raise bidding for Scandlines
- Ship sinks off Davao
- Pension fund takes OOIL terminals
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| NOVEMBER 24, 2006 |
- News Analysis: Terminal owners anticipate cash bonanza following world record OOIL terminal deal
Terminal owners the world over are today "rubbing their hands in glee" according one ports analyst following what was a "knock-out" price paid for the North American terminals belonging to Orient Overseas (International) Ltd.
- Updated: OOIL to gain US$2bn from North America terminal sale
Orient Overseas International Limited is selling its four North America terminals to a Canadian pension fund for US$2.35bn, netting it a massive estimated profit of US$1.98bn.
- Investors fear constraints on Moby Dik could stunt St Petersburg growth
- CI’s two year forecast paints a bleak picture for carriers
- CONCOR announces off-peak rate reductions on rail cargo
- News analysis: Russian infrastructure needs to face up to sobering challenge of quadrupling St Petersburg volumes
- Improved productivity is aimed at filling JNP’s revenue gap
- Correction: COSCON's Yantai-WCNA loop calling at Oakland, not Auckland
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| NOVEMBER 24, 2006 |
- ITF goes bananas over Ecuador saga
Federation lashes out at South American presidential hopeful for apparent interference in postponement of meeting.
- Tsuneishi in merger move
Japanese shipbuilding group to form holding company for ten subsidiaries as key survival strategy.
- Canary Islands eyes Morocco line
Spanish outpost planning ferry link between Fuerteventura and African mainland.
- Pakistan to retain KSEW
Privatisation of Karachi shipbuilder scrapped, according to boss Iftikhar Rao.
- Murder on high seas
Indian chief officer brutally killed and Russian stabbed to death add to mounting toll.
- Hellenic ready for more
Greek ferry operator adds ship from Japan while earmarking EUR 200m for fleet renewal.
- In Open Waters
Lloyd Fonds set to launch industry's first ever open-ended mutual fund as firm picks up Clipper ships.
- Chasing youth
Lloyd Fond's onetime ‘young gun’ looks to appeal to the next generation with new mutual fund.
- Garware plays long game
Indian owner wants 14 new offshore ships by 2010 as oil and gas exploration booms.
- St Petersburg yards not for sale
UIC will press ahead with merger of Baltiisky Zavod and Severnaya Verf despite offers to buy them.
- Sunken ship leaks off Philippines
Minute amount of bunker fuel reported leaking from timber carrier which sank on Wednesday morning.
- Chemoil returns
Top bunker supplier slashes size of offering in second attempt at listing on Singapore exchange.
- Vinalines splashes out
Vietnamese shipowner to spend $100m on new berths at Cai Lan port.
- Ng family laps up Jinhui stock
Holding company seemingly reverses strategy and picks up new shares in shipping subsidiary.
- Negligence caused toxic slops tragedy
Ivory Coast government report blames own agencies and private companies for dumping deadly waste from Probo Koala.
- OOIL sells terminals
Canadian pension fund takes North American terminals off Hong Kong owner’s hands for $2.35bn.
- Opec output up a fraction
Oil exporting cartel adding equivalent of suezmax cargo a week in month to 9 December.
- CH Offshore offloads oldie
Undisclosed buyer pays Singapore shipowner just over $6m for 1982-built tug supply vessel.
- B+H seeks funds
US owner appoints advisers for private placement of a new unsecured bond loan of up to $60m.
- Bakri inks offshore ships
Saudi Arabian owner orders seven ships worth $70m in Malaysia with promise of more to come.
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| NOVEMBER 24, 2006 |
- MISC says liner market softening due to overcapacity
- Horizon matching Matson rate hike
- Zim ready to start North Europe/West Africa loop
- B+H Ocean Carriers plans private bond placement
- North Sea SECA takes effect
- Airlines win DoD heavy package delivery contract
- Spohr named Lufthansa Cargo's CEO and chairman
- Saia expands in Midwest
- Mazur named VP, strategic planning at Norfolk Southern
- Chertoff loses chief of staff
- U.S., Colombia enter trade promotion agreement
- Steel importers detail tariff impact in 2002-03
- Eimskip parent Avion changes name
- Canadian teachers buy OOIL's North America terminals for $2.35 billion
- Bechtel chooses Antwerp for North Europe multi-project cargo hub
- European ports lobby ESPO re-elects Gallanti as chairman
- ICTSI signs Tartous, Syria container terminal concession
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| NOVEMBER 24, 2006 |
- Dual classification of Russian Arctic tankers
Lloyd’s Register and Russian Maritime Register of Shipping are jointly going to class two 70,000 DWT ice strengthened double-acting ...
- Maersk Container opens its third factory
Maersk Container Industri (MCI) has opened its second container factory in China. MCI has purchased an older factory in the ...
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| NOVEMBER 24, 2006 |
- Ports detail $180 million cold ironing plans
Los Angeles and Long Beach planning extensive infrastructure work to reduce hotelling emissions.
- Philippines shrugs off minor bunker spill
Bunker leak from ship that sunk this week not worrying officials, Solar I siphoning rescheduled to February.
- Platts ruffles Rotterdam fuel oil market
Pricing agency defends new policy, pointing to late loading in fuel oil deals.
- ENOC Bunkering relocates sales and management team
Sales and management team moves to Dubai head office.
- Chemoil re-launches Singapore IPO
Marine fuel supplier sets lower share price in new prospectus.
- IMO ready to tighten up MARPOL Annex VI definitions
Sulphur limits are being made more precise while BDN requirements will help operators calculate fuel changeover times.
- Still some barge congestion in Rotterdam
- ENOC passes up on acquiring four bunker tankers
Dubai Drydocks looking for new buyers for the four 6,100 dwt bunker tankers.
- Hong Kong hopes for higher demand dashed
Hong Kong sees little demand overflowing from vessels unable to secure bunkers from a tight Korean market.
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