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| AUGUST 30, 2006 |
Shipping News
- Indon shipping industry wants war-risk zone label removed
INDONESIA's shipping industry has demanded that the London market's Joint War Committee remove all sea areas in the country from its list of war-risk zones, The Jakarta Post reported on Monday.
- Penang Port plans RM600m expansion bid
PENANG Port Sdn Bhd , the operator of Penang Port, on Monday unveiled its five-year business plan from 2007 to 2012, with a RM600 million expansion programme and upgrading of the port's facilities to be on par with the region's top ports.
- China Shipping falls 8.6% on H1 results
SHARES of China Shipping Container Lines Co had their biggest fall in four months, after the country's second-largest container shipping line's first-half profit plunged 96 per cent on higher fuel costs.
- Evergreen Marine may post Q3 profit loss
- Daewoo Shipbuilding posts loss on stronger won
Strait Talk
- The grimmer side of seafaring
IN GENERAL, I don't buy the argument that seafarers are badly treated and exploited by owners, though I do think some administrations, port and flag, treat them very badly.
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| AUGUST 30, 2006 |
- 8,204-TEU newbuild Cosco Germany to be used on AE-1 service
- MSC capacity up 150pc in five years
- Hapag-Lloyd celebrates 20th year of Shanghai-Hamburg twinning
- US, Asean sign trade framework agreement
- Zim invests in Qingdao container plant
- Coscon unit to launch new Wenzhou feeder service
- Chizhou to begin providing shipping services
- Polar cleared for more China frequencies in 2007
- Air Sahara orders 10 Boeing 737s
- FedEx Express and pilots' union reach four-year contract terms
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| AUGUST 30, 2006 |
- Graduation ceremony of TMI's BSc (Marine Engg) held amidst fanfare
- Bharati Shipyard to build drill rig for Great Offshore
- Modest Infrastructure bags order to build chemical tankers
- 80 per cent growth in Tatas' overseas biz
- India extends tariff concessions, but Pak won't reciprocate
- First egg shipment despatched to Muscat after bird flu scare
- Apeda hopeful of entering Japanese poultry market soon
- More imported pulses arrive
- CoPT to redesign Willingdon Island for Port users' requirements
- CONCOR's Aurangabad ICD begins LCL export operations
- Posco keen to buy 10 pc stake in rail corridor project
- Additional funds to states may hinge on transport reforms
- PM may lay base for freight corridor on Oct. 6
- Stop exporting iron ore, cry 3 apex chambers
- Govt toying with novel plan: Import wheat now, get sops later
- The Surat diamond industry is rebuilding to twinkle again
- 22,000 acres identified for 2 SEZs at Haldia
- Infosys gets 311 acres in Mangalore
- Singapore eyes slice of SEZ pie
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| AUGUST 29, 2006 |
- Airmax International names new commercial manager
- Hamburg Süd founds wholly owned subsidiary in Shanghai
- DHL offers new direct overnight routes
- Intermodal cargo terminal to be built in Sofia
- Kuehne + Nagel logistics service provider for Schild Switzerland
- Nearly the last opportunity to save EUR 200!
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| AUGUST 29, 2006 |
- Euronav buys newbuild contracts
- BW Gas makes record Q2 profit
- Bureau Veritas in Vietnam Register link
- Dry bulk market capacity "to outstrip demand"
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| AUGUST 29, 2006 |
- Giant floater project picks up speed
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| AUGUST 30, 2006 |
- Wilhelmsen and DNV pioneer free green technology exchange
WILH. Wilhelmsen and Det Norske Veritas are heading a new consortium aimed at freely sharing environmentally-friendly technology.
- Clarksons slots in box exchange
AN open market for buying and selling space on containerships that will be launched later this year could bring to an end the usual secrecy that surrounds freight rate negotiations.
- Indonesia wants all ports off war risk list
INDONESIA is lobbying the Joint War Committee of the Lloyd's Market Association to remove all its waters and ports from its high risk list after the Malacca Strait was taken off earlier this month.
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| AUGUST 29, 2006 |
- US ports close ahead of Ernesto
MIAMI 29 August ' South Florida's ports have been closed in advance of the expected arrival tonight of Tropical Storm Ernesto
- Ernesto precipitates cruise shuffle
TROPICAL Storm Ernesto's path toward South Florida is forcing a significant last-minute reshuffling of itineraries by cruise lines
- Tallink cuts Silja staff
ESTONIAN ferry operator Tallink is reported to have cut the workforce at newly-acquired Silja Line by 260
- Polish yards face subsidy challenge
POLAND'S government has until Friday to justify the subsidies it has awarded its shipyards over the past year or so, according to a Financial Times report
- Maersk in firing line downunder
AN unguarded response to a media question has put Maersk and its NZ managing director Tony Gibson in the firing line from the country's Maritime Union
- Malayan starts Princess salvage
MALAYAN Towage & Salvage has started to lighten the grounded Philippine ferry Princess of the Universe in preparation for its salvage
- DPW narrows US terminal bidders
- Beirut boxes scattered around E Med
- French to sell Newhaven stake
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| AUGUST 29, 2006 |
- Maersk containers sink to first-half loss
World's largest liner said earnings were hurt by integration of P&O Nedlloyd, along with weaker freight rates and higher fuel costs.
- Ernesto closes S. Fla. ports
- Clarksons, SynchroNet plan online slot trading
- Charleston port plans to close ahead of storm
- Amsterdam box volume soars
- ILA ratifies Evergreen pact
- DP World trims U.S. bidders
- Alfonso to lead container business for Jaxport
- DHL breaks ground on Chicago service center
- Mumbai extends bid deadline
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| AUGUST 29, 2006 |
- Consolidation and costs see Maersk profits plunge into the red
The integration of P&O Nedlloyd into Maersk has put enormous pressure on the company's finances as container business profits plummeted into negative territory helped by softening rates and soaring costs.
- CSCL and COSCO forge liner shipping Partnership
China Shipping Group revealed today its plan to invest in Shanghai's Yangshan phase III and to co-operate with another Chinese shipping giant, the COSCO group, on liner service operations.
- Dutch opt for 3TEU trucks
- FASA urges insurance companies to withdraw 'war risk' label
- CN overhaul pays dividends
- Korea-China routes record 13.5% growth
- Panama Canal returning to normal
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| AUGUST 29, 2006 |
- Sales boost Stena
Gothenburg-based Stena more than tripled its net over a year ago in a quarter marked by vessel sales.
- Box horror show for Maersk
Danish giant sees first-half container shipping plunge into loss as cost of acquiring P&O Nedlloyd hampers performance.
- Investors cry for blood
Investors in Frankfurt-listed TUI, the parent of Hapag-Lloyd, want to clean out the corner office.
- Shreyas looks to expand
Shreyas boss Anil Devli says fuel costs and a vessel loss will keep it from meeting a 30% growth target, but only just.
- Larsen hits out at Wilson
Departed board member accuses Wilson directors of failing to act in shareholders' interests and hints at share sale.
- Lifeboats "not fit for purpose"
New damning report says models should be withdrawn from service and warns of "catastrophic" passenger risk.
- Clarksons rolls out box site
Joint venture launched with SynchroNet Marine for trading of container freight and slots on-line.
- Hurtigruten hurting
Merged Norwegian ferry owner still making a loss in 2006 as finance costs bite deep.
- Edco up for auction
Egyptian crew still stranded in Charleston as US judge orders bulker sold in legal dispute.
- Indian pay deal
One-day strike deferred after owners offer 20% interim increase to ratings on domestic-flag ships.
- PDZ down despite late rally
Booming fourth quarter not enough to save Malaysia's PDZ Holdings from drop in annual profit.
- Aboitiz to shed passengerships
High fuel prices and airline competition leads Philippine owner to concentrate on freight.
- Larsen quits Wilson board
Failed take-over attempt leads to exit of Geir Bredo Larsen from Norwegian bulker owner.
- Costly mix-up for captain
Tanker master blames paperwork mistake after being fined for entering Malta without permission.
- HUBLine's profits dwindle
Malaysian boxship player sees numbers down on lower revenues and absence of exceptional gains.
- SBM earnings stronger
Dutch FPSO owner boosted by sale of stake in vessel to MISC in first half.
- Pan United inks newbuilding
Singapore shipbuilder to build two offshore ships for Malaysian owner in deal worth SGD39m.
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| AUGUST 29, 2006 |
- A.P. Moller-Maersk first half revenue up, container activities show loss
- Faulty door doomed roll-on/roll-off vessel
- Company plans U.S. high speed ferry service
- Bismarck logistics center signs United Pulse Trading deal
- Houston fee to apply fee to containers moving within terminals
- Bromma opens after-sales DC in North Carolina
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| AUGUST 29, 2006 |
- Tallink flags out to Latvia
Tallink has changed flag on the ferry "Regina Baltica" on the Stockholm-Riga service from Estonian to Latvian. The vessel's ...
- Sixth million passenger on Bornholm HSC
A Bornholm family got a surprise last Friday on a voyage from R'nne to Ystad on board the HSC ferry ...
- Big oil spill response exercise off Gdynia
Helcom's yearly oil spill response exercise will be held on 6 September off Gdynia. Two dozen vessels and three aircrafts ...
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| AUGUST 29, 2006 |
- Oil below $70 triggers bunker market fall
Bearish sentiment driving US prices down in most markets today.
- Glencore grabs Colombia refinery
Fuel trading giant beating out rival for expanding production facility.
- Ernesto closes Florida
Ports closed and bunkering operations suspended 'until Thursday'.
- New board member at Global Risk Management
Danish firm welcomes new board member with background in banking, shipping and trading.
- WW takes chair in green business consortium
Global players to share technology and innovation to enhance both their environmental and business performance.
- Attica and Blue Star in the black
European ferry group rakes in triple and quadruple profits despite nearly 50% rise in bunker cost.
- Rotterdam market stable Tuesday morning
- AFT becomes Chemoil Europe
New trading name in force from today.
- Philippine president urges use of double-hulled vessels
Starting from now until 2008, the government will ask shipowners to start phasing out single-hulled usage.
- Bunker costs erode 96% profit from Chinese shipping firm
First-half net profit and operating profit plunge despite marginal increase in revenues.
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