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| AUGUST 31, 2006 |
Shipping News
- 'Soft skills' must be nurtured to make MPA truly global: CEO
NURTURING the 'soft skill sets' required to make Singapore a truly global maritime centre, is the main priority of the new head of the Maritime and Port Authority of Singapore over the coming years.
- India bars China firms from port investments: reports
INDIA appears to have made a decision to disallow China-linked companies from investing in, or managing Indian ports on security grounds, according to Indian media reports.
- Shanghai Port's Q2 net profit falls 1.6%
SHANGHAI Port Container Co, the publicly traded unit of China's biggest port operator, had a drop in second-quarter profit because its Yangshan Port unit could not contribute earnings before it is certified by the government.
- HK's Titan Petrochem H1 earnings plunge 74%
- Maersk earnings fall 35% in first half
- London's public transport voted best in the world
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| AUGUST 31, 2006 |
- AP Moller-Maersk reports H1 net profit drop of 34pc
- APL launches China-US east coast service
- MOL adds 6,000-TEU vessel on PSX service
- Malaysia and China sign MoU
- Vietnamese container terminal plan gets green light
- HK Customs checkpoint sought for Shenzhen
- Container ship scrapes LA bridge
- CNAC interim 2006 net profit down 64.6pc
- FedEx opens shop in Dalian
- Ireland to sell Aer Lingus in September IPO
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| AUGUST 31, 2006 |
- Dolphin Offshore plans to invest $ 35 million in buying ships and a shipyard
- MMTC to import 5,000 tonnes of chana
- EU drops shoe dumping probe
- 39 pc of nation’s cargo to be handled by Gujarat’s ports within decade
- NMP once again effectively handles wheat
- Kakinada port claims new all-India per day record in manual loading of iron ore
- Air Sahara books 10 next-generation Boeing jets
- Land transferred for int’l air cargo hub
- Commerce Ministry calculates over Rs 1.25 lakh crore going to Exchequer from SEZs
- No tax sops for equity investments abroad
- Commerce Ministry, W. Bengal MoU on tea AEZ soon
- Govt to spend Rs 1,325 cr. to fortify infrastructure in industrial clusters
- Special package for flood-hit surat textile industry coming
- Rising interest rates make domestic borrowings costlier for SMEs
- IMC’s YEW puts SEZs under the scanner
- US, Asean sign trade & investment pact
- Kamal Nath keen on ITPO office in Nagpur
- Chaalo Gandhidham!
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| AUGUST 30, 2006 |
- New manager for Gefco Nuremburg
- Grimaldi increases stake in Finnlines to 35.4%
- Cathay Pacific Cargo flies to India
- SBB ups interim performance and results
- Swift Global Logistics Limited now operates from Shanghai and Yiwu
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| AUGUST 30, 2006 |
- Clarksons’ profit down
- IMB’s piracy map
- MOL puts 2nd 6,000+ TEU ship on PSX
- BW Offshore
- Strong first half for James Fisher
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| AUGUST 30, 2006 |
- OffRig orders second semi
- Bharati Shipyard to build jack up
- IMB service highlights piracy risk areas
- Erie Shipbuilding gets $2.5 million grant
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| AUGUST 30, 2006 |
- Bidding process extended for new Washington ferries
- Port of Tacoma names assistant maintenance director
- Hamburg Sud subsidiary opens office in Shanghai China
- Customs awards Northrop Grumman expanded border security contract
- Steel imports into US jump 14 percent in July
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| AUGUST 31, 2006 |
- Maersk faces P&O Nedlloyd invoice crisis
AP MOLLER-Maersk may be forced to write off debts accumulated by its struggling container division which appears to have lost its grip on invoicing after its takeover of P&O Nedlloyd, say accountancy experts.
- India refuses Hutchison security clearance to run container terminals
INDIA’S cabinet committee for internal security has denied security clearance to Hutchison Port Holdings and barred it from applying to run container terminals at any of its major ports, write Shirish Nadkarni in Mumbai and Mike Grinter in Hong Kong.
- Polish shipbuilders defend aid from Brussels probe
POLISH shipbuilders have rebutted allegations that they are feet-dragging on restructuring plans that will meet European Commission demands to cut state aid, writes Hugh O’Mahony.
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- Sri Lanka looks for more aid ships
COLOMBO 30 August – Sri Lanka is considering chartering more ships to send urgently-needed food and medicine from south India to the northern Jaffna peninsula, which has been cut off by heavy fighting between government forces and Tamil Tiger rebels
- Putin joins Athens pipeline talks
TOP level talks take place in Athens on Monday to discuss a proposed new pipeline to carry Russian crude from Bourgas to a new terminal at Alexandropoulos
- Boxship steering problem in canal
THE container ship Hyundai Garnet suffered a steering problem this week while transiting the Panama Canal
- Siba moves closer to Asian market
ITALIAN owner Siba Ships has opened an office in Singapore to bring the company closer to the key markets of Australia, the Middle East, China and Indonesia
- Weakened Ernesto still threatens
TROPICAL Storm Ernesto lacks the power to be a truly destructive tropical cyclone, but heavy rains and high winds are still wreaking havoc with US port operations
- Blaze on vessel at anchor in Rio
FIRE fighters from eight different stations tackled a blaze on the Croatian-registered general cargo vessel Atlant Trina at the weekend
- Gazprom setting up in Portugal
- Stranded bulker awaits Sept auction
- Prudhoe Bay compressor repaired
- Hapag slot charters to South Africa
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| AUGUST 30, 2006 |
- Georgia, Carolinas on storm watch
Florida ports weather heavy rain and wind as Atlantic seaboard braces for Ernesto, downgraded to tropical depression.
- Profit tumbles for CSCL
- Former FastShip executive to head U.S. Seaway office
- Pilots vote on UPS deal
- Boxes boost Dalian profit
- CSXI pumps up fuel fee
- Chiquita veteran to lead Wilmington port operations
- Kandla plans SEZ
- Box terminal planned for India port
- New Zealand lines call for national port policy
- MOL opens Indonesia branch
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| AUGUST 30, 2006 |
- Delhi rejects Chinese port concession bids
The Indian Government has decided not to allow Chinese firms to invest in, operate or manage any Indian port project.
- Profits surge sees Xiamen maintain its margins
Hong Kong-listed Xiamen International Port Company recorded a 30% growth in its H1 pre-tax profit, to RMB251m (US$31.5m), and its operating margin was maintained at 36% despite oil price rises in the period.
- Indicators point to a charter market edging downwards
- Shallow draught sees carriers avoid Santos
- Hanjin enters new Vietnam service partnership
- CSCL buys feeder operator from parent
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| AUGUST 30, 2006 |
- More, more, more
Emanuele Grimaldi snaps up yet more stock in hoped-for ally Finnlines.
- High and dry
DryShips quarter misses Wall Street consensus, earnings tumble 72% from year ago.
- Ruia plots new yard
Indian industrialist wants land at Haldia to build ships up to panamax size.
- Orion's star falls
Black hole left in first-half profit as Danish owner D/S Orion comes crashing back to Earth.
- Navibulgar trims oldies
One Bulgarian bulker sold to Cypriot buyer, with another three veterans slated for disposal.
- Siba to Singapore
Mauro Balzarini's outfit will place growing bulk fleet and livestock newbuilds under control of new Asian office.
- Nepline nips loss
Quarterly deficit cut at Malaysia’s Nepline Berhad but contribution from new arrivals sorely needed.
- Eidsiva drives stake up
Norwegian owner now controls 80% of car carrier Cypress Pass.
- Titan's tankers on the up
Hong Kong VLCC owner hit by higher fuel costs in first half, but tanker markets faring better than last year.
- Fisher still hungry
UK shipping group has tanker fleet it wants, but will add yet more marine service companies.
- Minoan mulls Hellenic sale
Ferry operator admits it is considering offers for its 33% stake in 'Greece's largest marine fleet'.
- Teekay pulls ahead
Vancouver tanker owner ups stake in FPSO operator Petrojarl, overtaking rival Prosafe.
- Fisher profit booms
UK tanker owner rides out effects of Buncefield oil depot fire disruption in first half, as marine services division grows again.
- Sincere slips
Taiwanese bulker and VLCC owner sees first-half profits and revenue fall back.
- Clarkson's profits chopped
Shipbroker sees interim profits halved as dry bulk, S&P and futures see weaker six months.
- ‘Fulford’ upbeat
But Clarksons outspoken boss warns that the company is not for sale.
- Sado down
Losses stack up at Japanese ferry owner Sado Steam Ship with forecast of more lamentable results to follow.
- Sales push Jinhui forward
Gains on vessel disposals keep bulker owner Jinhui Shipping on course in the second quarter but revenues slump.
- Anek stuck in the red
Greek ferry operator can’t translate better revenues into profit in first half.
- Worker killed in yard accident
Filipino mechanical fitter struck by fork-lift at Grand Bahama Shipyard.
- BW Gas flips Yara ships
Norwegian gas carrier owner sells 49% stakes in two LGCs to German owner Reederei F Laeisz.
- DFDS revs up
Ro-ro operator ups full-year profit forecast as revenue and income driven up in second quarter.
- Second helping at First Steamship
Second quarter profit and revenue outstrips preceding period at Taiwanese bulker owner.
- P&O Ferry in collision probe
UK police investigating sinking of a yacht in English Channel have inspected the Pride of Bilbao.
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| AUGUST 30, 2006 |
- China Shipping reports drop in profits
- Hapag-Lloyd beginning service to Africa in October
- Hyundai ship damaged in Panama Canal
- MOL opens sixth Indonesia branch in Lampung
- DHL building new Chicago service center
- Contract awarded for intermodal terminal in Columbus, Ohio
- NEMF expands operations in Mid-Atlantic
- Former UP exec tapped to head Amtrak
- Bush nominates Johnson to manage St. Lawrence Seaway
- Schwab: Time for "mature" Chinese economy to protect IP rights, open markets
- Ozburn-Hessey tabs Manchanda for chief technology role
- FMC reviews 3 OTI applications, revokes 2 licenses
- DP World-like decision in India shuts out Chinese terminal operators
- Weakened Ernesto still impacts shipping, East Coast ports prepare
- Virginia begins work on rail relocation project
- Coast Guard conducts security drill in Galveston
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| AUGUST 30, 2006 |
- Sharp turnover increase for A.P Møller-Mærsk
A.P Møller-Mærsk reports a DKK 128.7 billion turnover for the first half 2006, a DKK 40 billion increase compared ...
- "Götheborg" has arrived in China
The Swedish East India Man replica "Götheborg" has arrived in Shanghai, the last port of call in China. Before calling ...
- Fjord Line avoided bankrupcy
After an extraordiary board meeting in the trouble-stricken Norwegian ferry operator Fjord Line, an immediate bankrupcy could be avoided ...
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| AUGUST 30, 2006 |
- Vancouver wants to sell
Prices plummeting to Gulf Coast levels as West Coast port looking to shift product.
- Temporary restrictions as Ernesto moves north
Coast Guard keeping tight reign on Jacksonville operations, but storm threat weakening.
- New lubes head for O.W.
Danish bunkering firm announcing new appointment.
- US oil stocks rise on near-record imports
DOE says US crude oil imports last week reached the second largest weekly average ever.
- October start for Fujairah fuel oil contract
Dubai develops role as maritime and trade centre with launch of fuel oil futures.
- Titan bullish on bunkering and other prospects
Interim 2006 results show continued growth in revenues across Titan's oil services, while profits have been more mixed.
- ARA market increases slightly
- Asian bunker market in bearish mode
Huge fall in bunker prices in August a testament to market volatility.
- Indonesia calls for war-risk removal
The north east of Sumatra remains a war-risk area despite the de-listing of the Malacca Strait by the JWC in August.
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