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| NOVEMBER 28, 2006 |
Shipping News
- S'pore to host first meeting of regional anti-piracy body
THE world's first inter-governmental agency focused on the problem of maritime piracy will officially open here tomorrow with the inaugural meeting of the organisation's 14-member governing council.
- China's top port builder 'plans HK$16.1b IPO'
CHINA Communications Construction Co, the country's largest port builder, plans to sell HK$16.1 billion of shares in an initial public offering , two people with knowledge of the plan said.
- HK's Airport Authority plans ferry service to woo China visitors
AIRPORT Authority Hong Kong, operator of Asia's third busiest airfield, said that a ferry service linking the airport to four cities in southern China will help it attract more passengers from the mainland.
- Hanjin shares surge 8% on takeover talk
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| NOVEMBER 28, 2006 |
- Maersk's value to rise with OOIL terminal sales: analysts
- Hanjin Shipping chairman and CEO Sooho Cho dies at 53
- DHL sets new industry benchmark for TAPA1 certified premises in Asia Pacific
- Shipments to strike-bound Chittagong face 80pc surcharge
- Horizon puts up rates for boxes to Hawaii
- India Supply Chain Council summit in Delhi March 1
- Crowley offers contract to Singapore shipyard
- Airbus says next 20 years look prosperous for aircraft sales
- US$8.5 billion buyout bid for Qantas mooted
- Russian airlines consider buying A-380 cargo aircraft
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| NOVEMBER 28, 2006 |
- UASC, Transworld announce launch of SINA service
- Zim to further shorten transit times on transpacific express service
- Hapag-LLoyd signs pact with Germanischer Lloyd
- Maersk Line makes schedule changes to NZ, North Island port calls
- Ship financiers flock to Shanghai to meet China’s private shipowners
- Senior appointment at TT Club
- Maersk Line adds environmental charge to North Europe-China BAF
- Luka Koper signs pact with Port Klang
- TNWA to cut capacity in slack season
- CSCL to set up box JV at Yangshan
- Ybarra Sud to become Hamburg Sud
- APM buys 61 pc share in Dunkirk box facility
- Transwide connects with INTTRA
- India, Brazil & S. Africa sign pact on tax, Customs duty administration
- India, China to form joint venture for acquisition of oil assets
- Poland keen on JVs, technology transfers
- KoPT adds splash of radiance to aesthetic marvel
- Global players keen on stake in Rlys’ dedicated freight corridors
- KRCL’s Gandhidham-Samakhiali BG line dedicated to nation
- FDI flows doubled to $ 4.4 bn in this fiscal
- 1st metal-based SEZ in Orissa approved
- Rs 4,000-cr. investments imperative to boost seafood exports: MPEDA
- SEZs’ jobs generation matters more than revenue implications-Kamal Nath
- Interactive meeting at IMC tomorrow
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| NOVEMBER 27, 2006 |
- OOIL sells N American terminals for US$2.4bn
- ICTSI signs Tartous deal
- "K" Line switches LNG carrier management
- Reefer gun row meeting postponed
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| NOVEMBER 27, 2006 |
- Sember to head ABS Europe
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| NOVEMBER 27, 2006 |
- Canadian citizen nabbed for sneaking cash across border
- Insurance club names Foster to position of claims director
- JD White scientists qualify to perform WSDOT assessments
- New rules one year away for North Sea emissions
- Hyundai joins SAmerican trades with SAMCO Service slot charter
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| NOVEMBER 28, 2006 |
- White knight DNV rides to rescue of GL
DET Norske Veritas yesterday confirmed that it is ready to play white knight to Germanischer Lloyd, the German classification society targeted by a takeover offer from Bureau Veritas.
- BV bid ‘was a total surprise’
Germanischer Lloyd is currently studying the DNV invitation, writes Herbert Fromme .
- Brussels seeks to silence ‘abusive’ whistleblowers
ANONYMOUS whistleblowers whose complaints about onboard ship safety are considered "abusive", risk having their name forwarded to the shipowner, if the European Parliament has its way, writes Justin Stares in Brussels.
- Hanjin Shipping’s chairman Cho dies
SOUTH Korea’s maritime industries are mourning the passing of Hanjin Shipping chairman and chief executive Sooho Cho, who died on Sunday aged 52.
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| NOVEMBER 27, 2006 |
- Venice opens dedicated cruise terminal
A DEDICATED cruise facility, Terminal 117, opened at the Italian port of Venice on Friday
- Grand Bahama battle escalates
RECEIVERS have been appointed for Grand Bahama Port Authority and Port Group Ltd, and chairman Hannes Babak is temporarily barred from management, local media say
- DNV invites GL in for talks
Det Norske Veritas has invited its German counterpart Germanischer Lloyd into talks over possible closer co-operation between the two societies
- Ushant: navigation hazard
- AWB slammed by Cole report
- Ferry sinking leaves 14 dead, 19 missing
- Chemoil cuts IPO to just $100M
- Hanjin chairman Cho dies
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| NOVEMBER 27, 2006 |
- Shipping treaty talks near completion
An end to negotiations may be in sight for a new international shipping agreement to replace the antiquated Carriage of Goods by Sea treaty.
- OOIL sells terminals to pension fund for $2.4 billion
- Hanjin Shipping shares climb on takeover rumor
- Maersk raising rates, restructuring trans-Pacific service
- Export ABCs: BIS Update
- Record for Nafta freight
- DHL expands in Charlotte
- Loss for Air France-KLM cargo
- Russia, EU in air pact
- Kuehne & Nagel acquires HSBC Export Services
- Mazur to lead strategic planning for Norfolk Southern
- New CEO for Lufthansa Cargo
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| NOVEMBER 27, 2006 |
- Maersk takes a firm grip on transpacific cost recovery measures
Maersk Line said it would seek a general rate increase of at least US$300/feu to the US West Coast and US$500/feu to the East Coast for next year's contracts.
- Updated: Hanjin Shipping Chairman Sooho Cho passes away
Hanjin Shipping Chairman & CEO Sooho Cho died of a chronic disease at a hospital in Seoul yesterday morning, at the age of 53.
- M&A speculation sparked by death of Hanjin chairman Cho
- NYK foresees a comeback of container shipping
- Extra trains and rolling stock to ease South African inland bottlenecks
- Maasvlakte-based reclamation to give Rotterdam more terminal space
- Government clears Tuticorin plan for second container terminal
- WTO anti-dumping cases decline, but China remains focus
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| NOVEMBER 27, 2006 |
- Torm in play again
Gabriel Panayotides will decide within two weeks what to do about a fresh bid for his holding in Danish shipowner Torm.
- TEN sells panamax
The Tsakos group’s listed vehicle has netted $5m on the sale of the last 1980s vintage ship in its fleet.
- Exxon enigma
Angelicoussis in notable VLCC time chartering deal with Standard Tankers Bahamas.
- Belden sale closes
Bergen’s Jebsen has closed its purchase of cement-carrier owner Belden for $236m less debt.
- Diana fills warchest
Drybulk owner has $500m on hand for acquisitions as it confirms money-spinning Pacific Carrier charter.
- Grimaldi green light
Finnlines takeover offer cleared by competition regulators but hedge funds complicate final outcome.
- Global Carriers confirms orders
China’s Ningbo Shipyard nets orders for two product tankers from Malaysian owner beginning fleet renewal.
- Seven bid for Spanish LNG ships
Clearer picture emerges on which owners are offering in for Repsol-Gas Natural LNG newbuildings.
- Keppel hits a high
Share price surges on rumours of $3bn rig order from Gulf Drilling.
- DNV rides to GL rescue
Norwegian classification society makes white knight overture to save Germanisher Lloyd from commercial takeover.
- Boskalis orders dredgers
Dutch dredger firm books two trailing suction hopper units at compatriot yard IHC Holland.
- Snow White back from the dead
Chemical tanker reported stolen by crew off Oman last month turns up for sale in Singapore.
- Bumi returns to Pan United
Singapore group wins further newbuilding business from Malaysian offshore vessel operator.
- SeaCon derailed
London-based group in Chapter XI cover set to lose lucrative UK rail franchise within two years.
- Hanjin CEO dies
South Korean shipowner says Soo-ho Cho passed away early on Saturday morning in Seoul.
- Philippine ferry sinks
At least 14 are dead and 19 missing after ferry capsizes in rough waters in south of country.
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| NOVEMBER 27, 2006 |
- Maersk Line to cut transpacific capacity, seeks rate hikes
- Hanjin chairman's death sparks takeover speculation
- Maersk names latest 14,800-TEU leviathan
- Team Lines to open own Poland office
- Jade Cargo receives second 747 freighter, adds three destinations
- New Canadian National facility serves specialty grain farmers
- C-TPAT survey gives members chance to sound off
- Kuehne + Nagel to buy HSBC Export Services
- UK thieves target XBox video games
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| NOVEMBER 27, 2006 |
- New fast ferry Drammen–Strømstad
A new fast ferry route is established between Drammen in Norway and Strömstad/Smögen/Ellös in Sweden with two departures ...
- DNV in friendly takeover bid for GL
Det Norske Veritas (DNV) has reopened takeover talks with Germanischer Lloyd (GL), but will not mount a hostile takeover bid ...
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| NOVEMBER 27, 2006 |
- Crude jumps but bunkers stay calm
US prices reacting slowly following holiday break as fuel oil resists bullish crude.
- Fuel costs behind Maersk service cut
Extra costs driving capacity reduction in Pacific routes and increased freight charges.
- BunkerSEACURE offers suppliers bespoke credit insurance
New trade credit risk insurance for bunker suppliers offers protection from bad debts and late payments.
- Oil price and environment drive development of another wind ship
German firm to build prototype freight ship powered by wind turbines.
- Bearish fundamentals continue to weigh on Singapore
Singapore bunker market tries to shake off third week of discounted prices.
- Aegean lowers price on second IPO attempt
Second IPO attempt in New York sees a higher number of shares at a lower price range.
- Singapore could tap potential of underground oil storage
Singapore's prime minister says Saudi companies can tap on its infrastructure to set up oil refineries.
- Rotterdam market stable, prompt tight
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