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| AUGUST 28, 2006 |
Shipping News
- Billy Star refloated and removed
KEPPEL Batangas Shipyard has finally been freed of the threat of a possible chemical spill following the refloating and removal of the chemical barge Billy Star from its backyard last week.
- Norway's Ceco to buy rival Songa for US$1.28b
NORWEGIAN shipping group Camillo Eitzen & Co has agreed to buy rival Songa Shipholding for US$1.28 billion to create one of the world's biggest chemical tanker groups, Ceco said.
- Top TUI managers set to leave: source
TWO top managers at German tourism and shipping firm TUI will leave the company, adding to pressure on the firm after it disappointed investors with a profit warning earlier this month, an industry source said.
- Shenhua to build three coal berths at Tianjin
- Tanker rates may rise on Sept bookings
- A P Moller to buy into Guangzhou port project
- Cargo on fire
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| AUGUST 28, 2006 |
- Hutchison's profit rises by 100pc in first half
- NOL box volume surges, but revenue slides
- WTSA lines to raise agricultural rates in October
- Volume through August exceeds 2003 total: Qingdao port
- US Customs seizes US$1m worth of fake goods from China
- Henan, Anhui authorities agree to build more road, river links
- Vietnam Airlines to sell shares home and abroad
- American Airline's appeals for public support on China route bid
- Gulf Air Cargo appoints new network planning and development manager
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| AUGUST 28, 2006 |
- $ 720 m, 18 ships
- GE Shipping gives away Jag Leena
- Dishing out rice
- Dressing up the dragon
- Harbouring thoughts
- Hind Terminals flags off first box train between TKD & MICT
- Less also matters!
- SEZ Scene
- Forex reserves rise to $ 165.367 bn
- Orissa seeks SEZ status for Posco’s steel project
- SEZzling attraction
- AEZ for vanilla to come up in Karnataka
- African Safari
- Infrastructure sector’s investment needs calculated at $ 1,200 bn
- Foreign trade policy analysis: current trends-by M. Sreedharan
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| AUGUST 25, 2006 |
- Lufthansa Cargo reshuffles sales directors
- Australia’s shipping will grow 5.4% over next twenty years
- BAWC spends GBP15 million on premium traffic
- Ceske drahy: freight volumes up in H1/2006
- Swisslog posts mounting sales and operating profit in H1/ 2006
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| AUGUST 25, 2006 |
- September public hearing set for Grays Harbor biodiesel plant
- Panama Canal locks drained for regular maintenance work
- Family of Peter Pallas gives remembrance request
- Rail freight totals roll to mixed week
- Union Pacific unveils new Southen Pacific locomotive
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| AUGUST 25, 2006 |
- Philippine ferry safe after grounding
MANILA 25 August – The Philippine ferry Princess of the Universe, operated by Sulpicio Lines, is to be towed to port today after it ran aground near Canigao Island in the Visayas yesterday
- Ferry operators turn migrants away
TWO Canary Island ferry operators have refused to transport 90 migrants because they fear they might be carrying tuberculosis
- Japan wants dual registry with Panama
TOKYO has announced plans to change domestic law next year to allow Japanese-controlled Panamanian-flagged vessels to fly the Japanese flag as a security measure
- Tropical storms update
TROPICAL Storm Debby now appears to be heading away from land but a potentially more dangerous storm is developing in the southern Caribbean
- Tanker pays $220,000 to transit Panama
A tanker has paid $220,000 at auction to guarantee swift passage through the Panama Canal, rather than the usual $13,000, as 83 vessels await transit
- Egypt plans to avoid Al Salam repeat
- Bunker testing claims refuted
- Steering gear deficiencies revealed
- Cruise lines assess Alaska damage
- S&P revises Skuld rating to stable
- Golar LNG back in black for 2Q
- BW Gas enjoys strong second quarter
- China, Venezuela ink energy deals
- Hutchison profits soar
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| AUGUST 25, 2006 |
- Lines say U.S.-Asia ag rates to rise
Westbound Transpacific Stabilization Agreement plans hikes of $50 per FEU, $40 per TEU as of Oct. 1.
- Free trade talks could follow U.S.-Asean pact
- MOL adds PSX ship
- Sale of terminals stake boosts Hutchison earnings
- Boxes gain for China ports
- WWL deploys new vessel in U.S. service
- DFDS enters India market
- United Shipping adds partner in El Salvador
- Seko opens Rotterdam facility
- India OKs rail project SPV
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| AUGUST 25, 2006 |
- Delays boost Panama Canal slot-auctions to new high
Delays of up to five days to transit the Panama Canal have resulted in record payments by shipowners to transit the Canal under the Canal’s auction system.
- Asian shipyards tout new orders by European and Asian shipowners
- MOL upgrading PSX service
- SITC to add Keelung to PXB-2
- Tampa expects 27,000TEU in fiscal year, after P&O inauguration
- Bangladesh logistics providers oppose new regulatory order
- Indian Cabinet approves setup for railfreight corridor project
- Final decision on TCB’s Barcelona expansion due for September
- TCY gets gantried-up, after official inauguration
- Correction: five Brazilian ports equipped with X-Ray scanners
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| AUGUST 25, 2006 |
- George fixes at $28,000
1996-built Iguana goes on for one year as DryShips improves its charter cover.
- Tallink to lay off 260
Up to a quarter of staff will go in Finland in the wake of Silja integration.
- Scrap prices on the rise
LL Energy deal breaks through the $400 per ldt barrier.
- Louis lands Orient Queen
Cypriot line buys Lebanese cruiseship on five-year hire purchase basis.
- Dutch under pressure
Calls grow for government to recall the Otapan after Turkey rejects scrap contract.
- CMA CGM splashes out in Korea
French boxship giant adds $400m newbuilding quartet to orderbook at Hanjin Heavy Industries.
- Jinhui makes it three
Oslo-listed bulker owner bags third second-hand handymax this month.
- New hitch in Solar I salvage
Fukuda vessel hit by mechanical problems as confusion over spill clean up continues.
- New ferry for Karachi and Dubai
Pakistan approves weekly service for new company Gulf Dream Cruises.
- Brostrom builds cash pile
Swedish tanker owner’s earnings up in first half as term contracts provided insulation from volatile markets.
- Attica triples profits
But ship sales and dividends conceal an underlying drop in earnings as competition hots up.
- Namsos nails Q2 gain
Norwegian ferry owner back in black in second quarter as revenues grow.
- Golar turns a profit
LNG operator returns to the black in second quarter thanks to gains on interest rate swap valuations.
- BW Gas getting stronger
Oslo-listed gas carrier player’s first-half operating result soars in improved market.
- Alaska tax to cost Carnival
Micky Arison’s cruise empire says tax may reduce 2007 earnings by at least 3 cents per share.
- B+H refinances
US shipowner has concluded a new $202m credit facility as second quarter profits slide over 26%.
- Vita profits evaporate
Higher oil prices and falling freight continue to affect financial performance at Singapore shipowner.
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| AUGUST 25, 2006 |
- WTSA raises ag rates for October
- Yang Ming launches first of nine 8,200-TEU ships
- Maersk Line reopens Haifa office
- Hanjin orders five 10,000-TEU vessels
- Gemini crewmembers approve new contract
- Swiss WorldCargo names Kreuziger manager for Germany, Nordic countries
- U.K. Group calls for lower Chunnel charges
- Demand for ore carriers booms on Great Lakes
- Grain shippers: STB's proposed simplified rate guidelines "inadequate"
- USDA forecasts increased exports of agricultural products
- U.S. to remove inspection exemptions for all Canadian ag shipments
- Kuehne + Nagel wins garment contract
- U.S., Philippines enter agreement to stop illegal textile trade
- CBP seeks power to recover disposal costs for abandoned ag shipments
- Frans Maas integration dampens DSV's first half profit
- Siemens awards Menlo Australian logistics contract
- DHL opens new Indonesia facility to consolidate Jakarta operations
- United Shipping adds El Salvador logistics partner
- Container fee bill finds new life
- Hutchison's port first half profits up 11% thanks to PSA sale
- Port worker IDs delayed, under fire
- U.S. Court gives go-ahead to Columbia channel dredging
- Somalia's seaport reopens after closed for 11 years
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| AUGUST 25, 2006 |
- Swedish corvette series completed
The last corvette in the Swedish "Visby" series has been named "HMS Karlstad". It’s the fifth stealth-built sister vessel ...
- Better for Broström despite weak Q2
Swedish tanker operator Broström reports an operating result of SEK 463.7 million and a SEK 375 million pre-tax profit ...
- Wärtsilä delivers a total power system to MPF 1000
Wärtsilä signed yesterday a contract with MPF Corporation Ltd to deliver a total power system for a Multi-Purpose Floater ...
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| AUGUST 25, 2006 |
- Tanker situation still unclear
Opposing reports emerge about bunker tanker detained in Guinea.
- Biodiesel offers cleaner ship fuel future
Port testing new fuel, 'no problems in theory' for wider ship use.
- Tanker operator upbeat despite rising voyage cost
H1 result down but Q2 showing improvement as improved rates offset higher bunker expenses.
- More Asian bunker woes
Japanese firm sinks deeper into the red.
- ARA market firms with crude
- Bunker bills hurt as time charters dry up
Singapore firm reports 92.4% drop in full-year profit after having to foot more bunker bills.
- MPA: Re-tests disprove off-spec incidents
Re-test on CP60-compliant bunker samples show flash point values above the minimum 60ºC.
- Singapore bunker loadings prompt on supply glut
Shorter queuing time for bunker barges to load at terminals.
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