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| OCTOBER 31, 2006 |
Shipping News
- Move for permanent ASF office makes headway
THE voice of Asian shipping is set to become clearer as moves to establish a permanent office for the Asian Shipowners' Forum are taking shape and Singapore may be selected as its home, according to a source.
- Westports M'sia hits 3m-TEU mark
WESTPORTS Malaysia became the first port in Port Klang to hit three million TEUs on Friday and is on track to achieve a total container throughput of 3.7 million TEUs for this year.
- Blockade halts Bangladesh port activity
OPERATIONS at Bangladesh's main port of Chittagong have ground to a halt after opposition party supporters blocked access to the site as the country's political crisis grows.
- China Shipping orders 4 tankers for US$460m
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| OCTOBER 31, 2006 |
- Cosco starts calling at SICT on Shantou-SE Asia service
- SCT takes delivery of quay cranes
- Ikea buys land from Port of Tacoma for distribution centre
- China orders largest Airbus takeaway
- China Airlines boosts flights to India
- Boeing delivers converted freighter to Singapore Airlines
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| OCTOBER 31, 2006 |
- MoS feels PPP appraisal panel unnecessary
- GE Shipping to invest Rs 250 cr. in Greatship
- Metal scrap import norms to be stiffer
- London Corp. tells UK cos to build links with India
- Export of sugar likely in a month
- Auto, component exports certification centres to be set up
- Timber imports emerge as top cargo for 6 Major Ports
- CoPT orders probe after dredgers collide
- Mumbai Port cashing in on car export boom
- KDS gets set to handle record parcel load of 40,000 tonnes
- Port-based SEZ at Kandla cleared
- 3 dedicated freight corridors for auto exports on anvil
- Direct tax kitty swells by 40 pc to Rs 90,000 cr.
- Forex reserves up by $ 1.2 bn
- Centre proposes MCA for state highway projects
- SEZs opened up to insurance companies too
- Foreign Trade Policy Analysis: Current Trends
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| OCTOBER 30, 2006 |
- Italy stops port dredging
- Swiss increasing belly cargo capacities
- Moselle needs second lock chamber
- Kuehne + Nagel opens Belgian logistics centre
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| OCTOBER 30, 2006 |
- Bimco wades into bunkers debate
- Horizon pays dividend
- CMB’s earnings down for 9 months
- Exmar’s profit up
- Faber to head Foss
- Braemar Seascope’s profit dips
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| OCTOBER 30, 2006 |
- Bollinger promotes Cindie Roussel to VP position
- Supreme Court refuses to hear Stolt-Nielsen appeal
- Foss Maritime appoints Faber President and COO
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| OCTOBER 30, 2006 |
- Foss Maritime taps Faber as president, COO
- General Dynamics Electric Boat nets $58.7 million Navy sub contract
- Rail companies introduce new Washington/New York produce train
- Horizon Lines board names Raymond as chairman
- American Commercial Lines sells interest in Venezuelan operation
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- Shipping faces call for carbon pricing
CARBON pricing should be extended to the shipping industry, according to a major review of climate change issues released in the UK yesterday.
- Share options on offer to secure ship crew loyalty
SHIP managers faced with a shortage of senior officers are considering giving share options to seafarers as a way to increase loyalty.
- Estelle Maersk debut delayed by propeller shaft failure
THE introduction of Maersk’s second containership behemoth - a sister vessel to the 11,000 teu Emma Maersk - has been postponed by at least a fortnight after a propeller shaft failure during sea trials, writes Ralf Witthohn .
- Lines win shipper support over post-conference regime
CONTAINER lines have produced a trump card in discussions with Brussels over what should replace conferences, with some powerful shippers supporting key elements of their campaign.
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| OCTOBER 30, 2006 |
- Valero funds terminal expansions
US refining powerhouse Valero is pushing ahead with its $250M global terminal expansion programme
- Equity sale nets Varun $51M
VARUN Shipping, India’s largest owner of LPG vessels by tonnage, has raised Rs2.33Bn ($51M) at Rs75 per share to expand its fleet
- Lula returned, but response is mixed
- Report unveils ferry's deviation
- Chemical tanker taken by crew
- Pumping underway on Rokia Delmas
- Congestion prompts RMS take-over
- India approves Pakistan shipping protocol
- France to treat Abidjan waste
- Sumitomo to pay in safety ruling
- Crew wage issue 'misunderstanding'
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| OCTOBER 30, 2006 |
- Energy projects stretch shipping capacity
Record number of projects are being built, but capacity to meet the demand is in such short supply that projects will face long delays, says Fluor executive.
- CMA CGM, IBM eye growth through IT joint venture
- Eimskip calls Halifax
- Cochin hit by truckers strike
- Schenker upgrades GT Nexus ocean links
- IICL’s White resigns
- Vietnam plans box port
- U.S. West Coast ports developing hybrid tractor
- Kerry acquires Reliable Freight
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| OCTOBER 30, 2006 |
- "Shocking" reliability statistics must be addressed, say shippers
Results from Drewry Shipping Consultants’ second schedule reliability survey show that 45% of container shipping vessels fail to arrive at their designated destinations on time.
- Political unrest worsens Chittagong congestion
A programme of economic blockades by an alliance of 14 Bangladeshi parties has aggravated congestion, with thousands of containers stacking up at Chittagong.
- Smuggled Spanish MBM leaves Indonesia
- Rokia Delmas cargo salvage to start Thursday
- New Panama Canal tolls to be revealed this week
- Estelle Maersk fault being repaired at Aarhus
- Keep traffic on the "Via Donau" flowing, urges River Danube promoter
- Charleston approves Wando Welch contracts
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| OCTOBER 30, 2006 |
- Bulker chain reaction
High winds caused a three-vessel collision at Vancouver yesterday.
- Horizon outperforms
Horizon Lines’ share has more than made up for losses after a mistaken Reuters take on its quarterly results.
- Fighting 'for shareholders'
Embattled Stolt-Nielsen says it is fighting its fight for the sake of shareholders, not to keep top executives out of jail.
- Varun to go convertible
Yudhishthir Khatau-led Varun Shipping wants to spend $445m on ship acquisitions despite its aborted IPO.
- Supreme Court 'no' to Stolt
The US Supreme Court has again turned down Stolt-Nielsen's attempt to stop antitrust prosecution.
- $78 or $52?
Investors are set to make a killing, or lose their hats, on OSG's stock depending on the analyst.
- Marsh steps ashore
Top broker to sell its European megayacht insurance operation.
- Zim goes private
Israeli boxship line raises $114m from bonds offered only to institutional investors.
- CMA CGM plugs into Big Blue
French liner group in 50:50 joint venture, but not with who you may be thinking of.
- Two more for Navios
But high finance costs continue to eat into profits, despite FFA success.
- TBS bulks up again
Another handymax purchase for $16m takes Nasdaq-listed owner’s fleet up to 34 units.
- Costa Crociere victorious
A six-year-long arbitration dispute involving former shipbuilder Cammell Laird has ended favourably for cruise line.
- CSAV losses grow
Chilean containership operator spills more red ink on nine-month accounts.
- Tallink profits leap 200%
Whirlwind year of expansion transforms ferry operator's numbers, amid predictions earnings will further double in 2006/7.
- Tanker 'stolen' off Oman
Ship crews asked to be alert for stolen chemical tanker with crew attempting to sell cargo and make for South Korea.
- Cosco Corp keeps building
Another strong quarter from yard and owner Cosco Corp (Singapore) as shiprepair contracts keep piling up.
- Standard to lift rates 5%
P&I club reverts to routine premium hike after highly differentiated renewal strategy last year.
- CSG lines up VLCC quartet
Chinese owner will lift big tanker fleet to 12 with order at domestic shipbuilder CSSC.
- Full marks for Limarko
Lithuanian reefer owner bringing in more revenue this year, while making tidy profit.
- Horizon underperforms
$40m saving from tonnage tax overshadows poor result for Jones Act liner operator.
- FVH in at Gdansk
Italian oil and gas group snapping up 20% stake in Polish shipyard, clearing debt to government.
- Shreyas switches focus
Indian boxship operator wants to broaden scope with more logistics revenue as second quarter profit dips.
- GE funds offshore push
India’s Great Eastern is pumping INR 2.5bn into its Greatship unit to pay for 10 new vessels.
- Taiwan Navigation still down
Bulker and tanker owner’s profit this year remains below 2005’s, as revenues fall.
- Poten plays down OPEC impact
Broker says talk of fall in tanker demand in wake of oil cartel’s planned production cuts are "overstated".
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| OCTOBER 30, 2006 |
- CMA CGM, IBM join forces
- FEFC announces BAF, CAF rates for December
- U.S. leads vessel intercept exercise in Gulf
- Faber new Foss COO
- Deutsche Bahn set for record year
- Hub Group third quarter income up 60%
- Incoming trucking association chair McCormick killed in plane crash
- Europe wants China to play fair
- TNT to sell forwarding division; 3rd quarter operating income up 9%
- Panalpina's net income up 44% after nine months
- Seattle's Dinsmore refutes press reports of land swap
- China Shipping starts container storage joint venture for Yangshan
- Busan port plans ambitious redevelopment
- Vietnam expects ship exports of $1.7 billion by 2010
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| OCTOBER 30, 2006 |
- Shtokman development postponed for two years
Development of the world’s biggest offshore natural gas field, Russian Shtokman in the Barents Sea, has been postponed for two ...
- Color Line negotiates on new ferry terminal
Norway’s biggest international ferry operator - Color Line - continues to negotiate on the price to move from the current centre of ...
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