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| MARCH 1, 2007 |
Shipping News
- Big growth seen in India's third-party logistics market
INDIA'S third-party logistics market is set to experience a period of explosive organic growth with the Indian logistics industry at an inflection point and expected to reach a market size of over US$125 billion in 2010.
- Greek-owned cargo ships raise capacity by 15%
GREEK-controlled ships' cargo-carrying capacity rose 15 per cent over the past year, bolstering the country's ranking as the biggest ship-operating nation.
- Bangladesh seeks loan for waterways
BANGLADESH is seeking US$300 million in loans from the World Bank to develop its inland waterways, a senior official said on Tuesday.
- Yudhoyono urges better safety as ferry disaster death toll rises
- Mitsui shares tumble
Port Shots
- Port Shots
THE Houston Ship Channel, part of the largest US petroleum port, closed to arriving oil tankers and other vessels for the second time in two days because of fog.
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| MARCH 1, 2007 |
- Maersk's Odense shipyard to lay off 140 staff
- EU surpasses US, Japan as Shanghai's No 1 trading partner in January
- China Merchants invests US$4.5 million on Tianjin terminal
- CFO to resign from MC Shipping
- Fears rail project delays may derail new box terminal in India
- First Ship Lease to launch IPO for shipping trust
- Flag vessel ordinance hampers flow of Pakistan trade
- Radar expected to become relic as GPS takes over
- TNT posts 7.8pc revenue growth in FY2006
- Delhi airport lands ISO 9001:2000 quality certification
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| MARCH 1, 2007 |
- Seafood exports up by 13 pc in April-Dec. 2006-07
- DP World submits comprehensive plan for Vallarpadam ICTT phase-I to CoPT
- Survey stresses need for effective & efficient multimodal system at ports
- Express Transport clears ICD-Dashrath's 1st reefer
- Roadways still have last-mile edge, avers TCI head
- Chidambaram stoops, but doesn't conquer
- Govt denies SAD exemption to mobile sets made in SEZs
- IIP posts robust 11 pc growth in Dec. 2006
- Budget 2007-08 Highlights
- Opportunity lost, bemoans industry
- IMC chief sees merits in Lalu's proposals
- Bouquets from AIAI
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| FEBRUARY 28, 2007 |
- NYK reshuffles top management in Europe
- TUI garners EUR 300 million for sale of Canadian container terminal
- Lufthansa non-stop to Doha
- Air New Zealand boosts profit
- Duisburg inland port grows again
- Honold boosts sales in financial 2006
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| FEBRUARY 28, 2007 |
- DP's Oz merger deal is off
- Profits up at IMAREX
- Singapore slams Torres Strait compulsory pilotage
- Vehicle carrier's owner fined for pollution
- NoE warns on passage plans
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| FEBRUARY 28, 2007 |
- Bourbon orders 46 new offshore vessels
- Austal buys Tasmanian shipyard
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| FEBRUARY 28, 2007 |
- MOUs signed to transfer Seattle rail corridor from port to county
- Truck tonnage index falls during January
- Port of Seattle eyeing new lease with Odyssey
- Port of Tacoma Commission names Jack Fabulich Chairman
- WTSA member carriers plan dry ag product rate increase
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| MARCH 1, 2007 |
- CMA CGM swoops for CNC Lines
FRENCH carrier will take over Taiwanese line in deal that is expected to strengthen and expand its market share of intra-Asian business.
- Shipping shares plunge
SHIPPING shares take their share of the pounding suffered by world bourses this week.
- V.Ships and IMC end Asian venture
AFTER a brief two year marriage shipmanager and owner decide to call time on their Singapore-based marine services joint venture.
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| FEBRUARY 28, 2007 |
- Greek owners applaud manning move
PIRAEUS 28 February ' Leaders of the Greek shipping community have appealed to their colleagues to support the national ship register following the adoption of new manning requirements by the Greek government
- Sell-off slaps shipping shares
CHINA fears sent shipping stocks tumbling yesterday, with dry-bulk listings hit hardest
- Chinese stocks ride the waves
CHINESE shares have bounced back today after a drop of 9% yesterday on both the Shanghai and Shenzhen exchanges, after individual investors became nervous
- MPC revenue and profit soars
- PNSC rebounds on stock market
- Policy boost for Canadian ports
- Balearia unveils motorways plan
- Foss pays Suquamish for spill suit
- Prisco finds newbuild finance solution
- Total blames Erika 'hidden defect'
- Maersk unveils inland strategy
- Maersk's higher rates are holding
- 4Q surge benefits Courage Marine
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| FEBRUARY 28, 2007 |
- TWIC card reader features finalized
Recommendations call for reader of Transportation Worker Identification Credential to have failure rate of 1 percent.
- Ports taking divergent paths to reduce emissions
- Panama Canal tonnage and waiting time rise
- Westbound trans-Pacific lines raising ag rates
- Crane revives EGL offer
- Canadian premier eyes new container terminal
- Galborg expands South Africa- U.S. Gulf service
- DP World finalizes plans for Cochin terminal
- North Carolina ports certified for C-TPAT
- Geodis boosts profit
- India fast-tracks dredging
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| FEBRUARY 28, 2007 |
- CMA CGM makes bid for Cheng Lie Navigation
CMA CGM has announced a tender for Taiwanese operator Cheng Lie navigation, citing a desire to improve its intra-Asian coverage, just as it uses the ANL brand in Oceania and Delmas in Africa.
- Maersk optimistic on Asia-Europe, though Transpacific causes more concern
Maersk is upbeat about prospects for the Asia-Europe liner trades, but is less bullish about the Transpacific, according to Morten Henrik Engelstoft, group senior VP and CEO of the container business in Southeast Asia for AP M'ller-Maersk.
- China Shipping suspends share trading for multi-modal co-operation announcement
- Gearless ships gaining ground
- MARAD considering Virginia barge grant
- Vallarpadam plans and drawings submitted to Cochin Port
- News analysis: Transport companies look East of Europe
- CSAV announces full-year losses
- Amazing 60% profit surge for RCL
- More new berths launched in Gwangyang despite low utilisation
- China Merchants' Ningbo terminal receives first domestic service
- Correction: Howe Robinson Index table editing error
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| FEBRUARY 28, 2007 |
- Eagle blitz
Eagle Bulk Shipping is reporting a transaction blitz of orders, purchases, charters and financial transactions.
- DryShips on the rise
George Economou's bulker vehicle, up on the quarter and down on the year, reports a further panamax sale.
- Dockendale denies
Dockendale Shipping is protesting allegations of negligence after the detention of a panamax bulker.
- TBS orders six-pack
Specialist dry-cargo operator TBS is going to China for a series of new-design large tweendeckers.
- Quintana fixes again
Bunge agrees to average $24,500 on six ships though rate falls short of ceiling.
- 'Buy dry after stock slide'
Analysts call yesterday's broad hit to share prices unwarranted in the case of dry bulk, especially those with long coverage.
- NEL ditches two
Ferry operator will book small gain after unveiling plans to sell ferries.
- Ferry battle heats up
US city of Rochester has four potential buyers for unwanted Spirit of Ontario.
- Chilly year for CSAV
Robust fourth quarter fails to keep Chilean boxship player Compania Sudamericana de Vapores out of the red.
- Ilmarinen takes a tenth
Finnish insurer strengthens its position in ro-ro owner Finnlines, recently taken over by Grimaldi.
- FFA losses hurt STX
South Korean shipowner's annual profit halved as FFAs go awry and bunker prices bite.
- DESS buys DESS
It ain't cheap but Fredriksen's offshore operator still thinks its own stock is a good purchase.
- PDZ pushes on
Malaysian feedership owner posts higher six-month result, but second quarter hit by losses on some routes.
- Japanese shutdown
IHI and Mitsubishi face nine-day closure as punishment for anti-trust violations.
- STX orders three at STX
South Korean builder STX Shipbuilding grabs $130m order for three MR tankers from STX Pan Ocean.
- TMM turning it on
Mexican tanker and offshore owner optimistic for 2007 after it built operating profit last year.
- Iesa buys Sermetal
Brazilian engineering firm snaps up yard partner involved in consortium building nine tankers for Petrobras.
- Stock wobbles on Zim order
Israeli group flags up contract for two-plus-one 10,000-teu boxships but investors not convinced.
- RCL down from peak
Lower freight rates and higher bunker costs knocked Thai boxship player off its perch in 2006.
- MOL ship in UK collision
No injuries as car carrier under charter to Japanese giant collides with fishing vessel in River Tyne.
- Eidsiva rues ro-ro problems
Norwegian owner's 2006 operating profit drops after serious breakdowns dog Tor Belgia.
- Bourbon's glass overflowing
French support ship owner toasts $730m order for 46 units to complete 'Horizon 2010' investment campaign.
- Lasco fired by gas ships
Latvian owner's LPG carriers boost 2006 profit as tankers decline.
- CMA CGM makes CNC move
French carrier offers $159m for Taiwanese boxship player, undercutting current share price.
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| FEBRUARY 28, 2007 |
- Lowenthal reintroduces container fee legislation
- OSG reports drop in earnings, acquisition of lightering business
- AXS-Alphaliner: Far East/Europe capacity grows 16.5 percent
- Maersk names latest 29-knot containership
- Maersk raising Far East/East Coast of South America rates
- Hyundai adding Colombo to China India Express
- MOL car carrier collides with fishing vessel
- "MSC Napoli" deck containers removed
- Norwegian Shipowners' Association appoints Alsvik
- Kumar named dean at King's Point
- Box security device specs due by summer, CBP official says
- Crane finds new takeover partners as EGL quarterly profit dives
- BIS considers more export oversight for diversion-risk countries
- Trans Global names Goh new service director
- Mermaid reneges from DP World deal
- Philadelphia to benefit as Hamburg Sud's Trident Service goes weekly
- Southern California port chairs clear the air on "green" shift
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| FEBRUARY 28, 2007 |
- Stockholm-based company acquires ships and boxes for USD 481 million
HSH N Nordic Finance in Stockholm has acquired seven container carriers in sizes ranging from 2,100 TEU to 4,650 TEU ...
- Lack of attention reason for Øresund collision
The collision on September 11, 2006 between the ferry Mercandia IV and the passenger vessel Sundbus Pernille was caused by ...
- Whale watching in the Strait of Gibraltar
Spain wants ships passing through the Strait of Gibraltar to slow down and look out for whales. The busy strait ...
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| FEBRUARY 28, 2007 |
- US oil products stocks decline
Crude stocks are up but key products down across the board, DOE report shows.
- O.W. Bunkers South Africa under new management
Interim management solution in place as Turnbull and Wild move on.
- Castrol expects boost from Nigerian deal
Deal is part of a renewed drive to fully utilize the potential of the Nigerian market.
- Bunker fuel pollution danger over
Government says risk of a major oil pollution incident from the MSC Napoli has passed.
- Abrupt switch to distillates 'not feasible'
European refining industry warns against rushing through a global distillate proposal at the IMO.
- Congestion continues in Rotterdam
- Tankstore adds storage space in Singapore
Oil storage operator set to increase its capacity by more than 200,000 m' next month.
- Aramco, ExxonMobil offer fuel oil cargoes
A total of 170,000-180,000 mt of high-viscosity fuel oil on offer for late-March loading.
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