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| JULY 31, 2006 |
Shipping News
- Demand for floating systems at high
WORLD oil processing capacity on the water may rise by another 30 per cent, even as the current order backlog for floating production systems reached record levels, according to findings by the International Maritime Associates .
- Rotterdam port eyes big expansion, focus on energy
EUROPE's biggest port of Rotterdam expects to spend some 8 billion euros in the coming years to expand capacity, with a special focus on energy, to keep in step with booming world trade, a senior official says.
- Shipping lines to start new service to US from Aug 22
HAPAG-Lloyd, Neptune Orient Lines and other shipping lines plan to start a new service between Asia and the east coast of the US next month to meet cargo demand.
- Philippine port operator wins bid to run Syrian terminal
- Greek shipping eyes China's booming trade business
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- Grand Alliance, TNWA to jointly offer Asia-USEC service from August
- MOL to use solar power at Japanese terminal
- Hostilities lead to closure of Maersk offices in Middle East
- Shekou box terminals welcome 45th liner service
- Hamburg chairman calls for speedy completion of projects to handle box growth
- ICTSI wins Syrian port operating concession
- Yantai-Dalian cargo ferry service to open in September
- HK, Zhuhai airports to work together on airfreight services
- SIA names new cargo chief and orders 29 Airbuses
- Swift jets fresh flowers to Italy and Japan
- Cargolux boosts frequency to Indianapolis
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- NGPL appoints Forbes Patvolk as general agent in India
- Global cost of shipping iron ore, coal touches nine-month high on Chinese demand
- Rule on insurance cover for ships entering ports being reviewed
- New President/CEO appointed for Clarion’s global operations
- Proposed Shipping Trade Practices Act may be toned down
- West Asia gets too hot for ship charterers
- Sugar stocks held up at ports can be exported-Pawar
- India, Bhutan sign 10-year trade, transit pact
- India to sign framework pact with SACU
- Monsoon blues at New Mangalore Port
- Box terminal at Rourkela mooted
- Destination Chennai Port-ideal solution for Karnataka’s logistics needs
- Dedicated rail freight corridors: JICA report sought by Dec.
- Fresh tender floated for 4 lakh tonnes of wheat
- Forex reserves up by $ 689 m
- Handloom sector likely to get 25 pc capital subsidy
- Online facility for issue of IEC numbers to ex-im trade launched
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
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| JULY 28, 2006 |
- Birnbaum and Nakamura promoted, Prado joins MOL
- OOIL mulling sale of terminal assets
- Emirates network to include Tunis from October
- Russian Railway to create freight subsidiary
- Geodis grows H1/2006 sales strongly
- Nigerian railways to be renewed
- TNT Express launches mobile worker
- Fresh Opportunities 2006, 27/28 November, Munich
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| JULY 28, 2006 |
- CMB’s lower first half
- LPG market boost Exmar
- Multraship orders tugs in Malaysia
- Indian wreckage insurance rules "may be eased"
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- Matson holds christening ceremony for new container ship MAUNALEI
- US rail freight numbers continue on positive track
- Pair of ceremonies will honor Korean War vets
- Seattle Customs agents find dangerous slug in container
- Portland Coast Guardsman named top Petty Officer for '06
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- Stranded Safmarine Agulhas ruled a wreck
SOUTH African authorities have decided the stranded containership Safmarine Agulhas is so badly damaged that it is now officially a wreck.
- LNG carriers come under insurance risk spotlight
UNDERWRITERS are taking a tougher line towards covering liquefied natural gas carriers, broking and risk consultancy group Marsh has warned.
- France and Spain push ‘motorways of the sea’ programme
FRANCE and Spain have set themselves the target of bringing into service the first government-aided ‘motorway of the sea’ along their shared Atlantic seaboard before the end of next year.
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- Iranian car export trade booming
IRAN'S car export trade is growing, with cars and parts now being shipping to France and Russia as well as to regional neighbours
- Slater named Griffin Holdings MD
SHIPPING financier Paul Slater has been appointed managing director of investment bank owner Griffin Holdings Group
- Torm sales boost profit forecast
DS Torm, the listed Danish bulk shipping group, has increased its 2006 profit forecast following the sale of three Panamax dry bulkers for a total amount of $63M
- Excel profits fall sharply
DRYBULK operator Excel Maritime suffered a 69% fall in profits during its second quarter, which it blamed on ‘market weakness’
- Evergreen takes more Americas slots
- Arlington boosted by financial gain
- Filipinos battle over officer course
- Saf Agulhas 'a structural loss'
- TMM quarterly loss hides gains
- Connaughton looks set for MarAd
- Belize fleet cull brings reward
- Trasmed reaches pay agreement
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| JULY 28, 2006 |
- Port of Virginia TEUs climb
The Virginia Port Authority said its facilities including Norfolk (left) handled more than 2 million TEUs in fiscal 2006, up 7.6 percent.
- Maersk: No comment on TUI takeover talk
- Praise for STB nominee Nottingham at hearing
- Customs proposes new rules for express shipments
- World Shipping Council opposes competing RFID project
- Record results for NC ports
- Rail tax credits proposed
- Embarcadero to integrate Savi at terminals
- Halifax doubles income
- YRC profit up
- Cougar Ace salvage planned
- New Savannah-Asia service
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| JULY 28, 2006 |
- US economic activity slowed from Q1 to Q2
The US economy has slowed since Q1 this year, with inflation rising, US government statisticians reported today, adding that growth since 2003 was slower than had been thought.
- Agulhas salvage team admits defeat
No further attempts to re-float the grounded Safmarine Agulhas will be made according to Smit, the salvage experts that had attempted to save the vessel.
- Australian Customs settles ICS claims
- Lashings guide aims to educate crew and reduce box losses
- Alliances confirm all-water Panama service details
- Western Australia heads offshore for new port
- India-Pakistan trade prompts new service from September
- Brisbane seeks operator for two new berths
- PSA’s Italian holding receives first of post-panamax crane pair
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| JULY 28, 2006 |
- Creditor zaps Halship
A joint venture between Iceland’s Eimskip and a Canadian partner is in receivership with its only vessel seized.
- Costly New Orleans move
International Shipholding Corp lost a net $6.5m in the second quarter after having to give up on a New Orleans terminal.
- Torm confirms sales
Danish owner remains mum about identity of buyers of three panamax bulk carriers for $63m in total.
- Matson shoulders start-up costs
Alexander & Baldwin’s quarterlies are showing the anticipated costs of subsidiary Matson’s new Pacific operations.
- Malta looks offshore
Cruiseship specialist Graham Couser sets new course as Mediterranean repair yard focuses on energy related work.
- MCA loses detention appeal
UK inspectors deny going soft on safety after ruling on Greek tanker Koriana.
- Arpeni suffers in first half
Indonesian bulker and tanker owner can’t convert big revenue jump into more profit.
- Horizon turns round loss
Jones Act operator enjoys profitable third quarter as higher freight rates offset drop in volumes.
- TMM profit slips
Mexican tanker owner sees net earnings dip, but operating profit is on the up.
- Ghost Ship yard keeps trying
Teeside scrap and repair facility Able UK submits new application to handle dangerous materials.
- MSC suffers double detention
Aussie inspectors say deficiencies point to a "failure" of owner’s safety management system.
- SCI on the slide
First quarter profit down for Indian owner as operating costs rise and revenues dip.
- K Line more pessimistic
Japanese shipowner lowers profit forecasts for six months to 30 September, although it expects higher revenues.
- Mipo reels them in
Korean yard hits 90% of yearly target after unidentified European owner orders four chemical carriers.
- Alliances launch Asia-US route
Global Alliance and the New World Alliance launch joint service between Asia and US east coast.
- Exmar excels
Belgian owner posts strong second quarter and first half on the back of vigorous VLGC activity.
- Arlington's profitability improves
Profits jump nearly 60% in second quarter from a year ago at US-listed Stena tanker spin-off.
- Down by half
Greek bulker owner Excel Maritime’s first-half profit hit by weaker market.
- FSL takes third BLT ship
First Ship Lease has tied up another $45m worth of business with expanding Indonesian shipowner.
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- Prospective MarAd chief vows close relations with shipping industry
- CKYH adds new Shanghai-Savannah direct service
- Belize flag registry receives praise from U.S. Coast Guard
- MOL: Inadequate ballast caused vessel accident
- Maritime group criticizes GE for container security approach
- TUI’s shares jump after Maersk takeover speculation
- $3.25 million settlement for cargo washed overboard
- Crowley to salvage MOL ro-ro vessel
- Maersk changes Lacas service
- NYK, Tokyo LNG Tanker to jointly own LNG carrier
- Van Weelde opens New Orleans office
- Tornqvist joins Trade Ship
- Lufthansa’s 2nd-quarter profits up 58%
- IATA: World air freight up 5.4% after six months
- CBP stops mushroom shipment infested with slugs
- DHL wins Masters Pharmaceutical contract
- New chairman for Singapore Airlines Cargo
- Bush’s pick for STB chairman comes with intermodal policy experience
- Railroads hail bill aimed at expanding freight capacity
- Norfolk Southern’s profits down 12%
- RailAmerica’s profits slide 16%
- Murray presses for vote on GreenLane bill
- U.S. agriculture trade mission to Kazakhstan concludes
- GAO knocks BIS method of monitoring "dual use" exports
- Japan re-opens borders to U.S. beef imports
- USTR chief hits road to resurrect support for Doha
- Port of Virginia finishes fiscal year with 7.6 % hike in TEUs
- Embarcadero, Savi partner on RFID
- APL commits to Oakland for 15 years, maybe more
- ICTSI wins Tartous, Syria port concession
- Port of Camden saw cargo growth
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| JULY 28, 2006 |
- July bunker prices creep higher
Crude levels driving US numbers up, but relief may be in sight.
- SEACARD needs more bunker suppliers
US defence fuel service wanting to expand to 1500 ports with over 400 vessels.
- Krystallon sweetens scrubber deal
Krystallon says rising low-sulphur premiums strengthen the case for scrubbing, but also tempts owners with hedging-linked finance offer.
- Office move for Bominflot
- Bulgarian refinery project expanded
New refinery in the country's northeast plans to include marine fuels in its product line.
- South Korea: Demand slips in spite of falling prices
Falling prices over the past week have done little stir buying interest.
- ARA market firming further
- Singapore: Spot demand remains slow amid supply glut
Strong supplies of fuel oil underpin the bunker market, heavy residual stocks near 14 million barrels.
- Japan: Bunker supplies to tighten in August
Nippon Oil and other Japanese refiners to supply less bonded bunkers next month.
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