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| OCTOBER 1, 2007 |
Shipping News
- Core crude freight rising ahead of peak Q4 demand
Oil tanker rates on the world's major crude export routes extended an upward trend on Friday from multi-year lows brought on by rising ship supply and Opec production cuts.
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| OCTOBER 1, 2007 |
- Maersk Line does not expect 'satisfactory' earnings until 2009
- Tianjin builds new container terminal
- Alashankou freight volume up 20.7pc in first eight months
- NYK leases new container terminal on Tacoma's east side
- Samudera Shipping orders two containerships of its own
- Georgia Ports container volumes up 27pc in August
- NOL ship manager win prize for training practices
- Shenzhen airport cargo volume up 14.5pc in first seven months
- Astar Air Cargo pilots prepare to strike
- Mammoth 32-tonne cylinder airlifted from Singapore to Frankfurt
- Guangzhou airport runs cargo terminal in Dongguan
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| OCTOBER 1, 2007 |
- Maruba Lines announces launch of ECSA-Middle East, India service
- Schenker India to participate in INMEX India exhibition from October 3 to 5 at Mumbai
- Quanterm Express Lines appoints Alliance Marine Agencies as agent in Mumbai & Nhava Sheva
- Spices' flavour spreads
- MMTC invites bids for palm oil imports
- Textile exporters turn to euro as dollar dreams turn sour
- ABGKCTL enters new throughput era
- Mormugao Port Trust investing Rs 500 cr. to expand cargo handling capacity
- Port workers retirement age raised to 60
- Mumbai Port's pivotal role as West Coast ex-im hub highlighted
- Cargo dwell time cut at airports upsets importers
- Accelerate exports, Assocham exhorts industry leaders
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| SEPTEMBER 28, 2007 |
- Aramex appoints Niall White
- PD Ports one step nearer to new deep sea container terminal
- Emirates rides a balloon
- Transmec opens the new branch in Romania
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| SEPTEMBER 28, 2007 |
- IBF agrees 8% deal
- UK tax changes set to hit shipping
- K Line's Indian charter
- BP pulls out of Portland
- BRS opens office in Switzerland
- Fred Lininger
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| SEPTEMBER 28, 2007 |
- Credit Suisse to provide $1 billion financing for Vinashin
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| SEPTEMBER 28, 2007 |
- Crowley subsidiary places order for thee articulated tug-barges
- Corps set to begin cleanup of contaminants in Columbia River
- Portland Airport planning group schedules first official meeting
- Panama Canal seeks proposals for second expansion plan project
- Weekly rail freight totals see jump in intermodal numbers
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| SEPTEMBER 28, 2007 |
- Merril Lynch grabs stake in Munich Re
INVESTMENT bank builds a 5.1% voting stake in German reinsurer.
- Munich Re adds green route to its road map
- Lines set for battle over rock bottom rates
FEFC lines willing to lose up to a quarter of cargo volumes as they square up to shippers over low eastbound rates.
- Gas carrier deals boost Hamworthy orderbook
BRITISH marine engineering group achieves a more than 10% increase in its orderbook in the past three months.
- All the President's men
THE naming of the Stena President at Brodosplit marked a high point for both the yard and Croatian shipbuilding.
- Festival of ferries
FERRY companies are rising to the challenges of cheap airlines, although there is much to be done.
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| SEPTEMBER 28, 2007 |
- Unions hail new seafarer conditions
Satisfied maritime unions have celebrated changes to seafarers' pay and conditions that will take effect from January
- Crowley puts Caribs in a bigger box
CROWLEY Maritime will expand capacity on its Caribbean liner service beginning next week by replacing two container ships with larger vessels
- At last: tonnage tax for Japan?
A PROPOSAL from the Japanese government aiming to encourage domestic ship registration could result in tax reductions for the country's shipowners
- Hebei plans $700M bulker binge
NORTH China Shipping Holdings plans to complete an IPO by the end of the year which will raise at least $700M to invest in new bulk tonnage
- Panama seeks lock excavation bids
THE Panama Canal Authority has opened the tender for the second of five dry excavation contracts
- Shock losses force IHI boss out
THE chairman of IHI Corp, one of Japan's biggest shipbuilders, has stepped down after revealing massive first-half losses
- Eight months for magic pipe master
- Owners keen to flirt with risk
- Land scarcity hits port expansion
- APL warns of congestion nightmare
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| SEPTEMBER 28, 2007 |
- Port of Los Angeles-Long Beach wants FMC review of clean trucks plan delayed
Ports answer shippers' charges that trucks plan would severely disrupt operations at the nation's largest box hub.
- Japan trade surplus with U.S. widens in August
- Hapag-Lloyd parent facing new investor pressures
- TWIC fee lowered
- Customs Update: Shipment data
- Crowley upgrades Carib services with new ships
- Georgia ports acquires land
- AAEI offers trade security guide
- Prison term for vessel captain in dumping case
- Rail traffic improves
- OTIs can apply online
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| SEPTEMBER 28, 2007 |
- Are container terminal operators in a no-win situation?
Global container terminal operating companies have faced strong criticism from their ocean carrier customers for most of this year as a combination of marine and landside congestion has led to deteriorating levels of service.
- GT Nexus secures Del Monte Food
- Mombasa moves cargo off-dock
- Geodis to buy R&L
- Zim to deploy 12,500TEU units
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| SEPTEMBER 28, 2007 |
- US guns buy into TUI
US investors Guy Wyser-Pratte and Douglas Bergeron buy into German cruise, tour and shipping company, and they come out swinging.
- US retooling ballast rules
A US Senate committee passes a bill to tighten ballast water regulations in an effort to keep exotic species out of US waters.
- Crowley big on Caribbean
Crowley Maritime has moved bigger containerships into its Caribbean service.
- Destroyer helps ferry off Somalia
USS Stout provides food, water and fuel to Tanzanian ship adrift in Indian Ocean.
- European owners united
Union Shipowners take fight to the US over new security laws.
- Jensen jumps to Ceres
Maersk LNG team poached for new Livanos gas carrier venture
- Kystlink ship out of action
Norwegian ferry drydocked for repairs in Sweden after hitting breakwater.
- Maersk in Burma vow
Danish giant says it will carry on trading with country as long as it is legal.
- Union sues Folmer
Owner of Danica White hit by compensation claim as more questions asked over hijack.
- Ashburton wants slice of pie
Jersey-based investment giant wants to break into shipping with LNG its hottest target.
- Ship drill goes up in smoke
Three seriously injured after life raft spews out thick smoke during mock evacuation of ro-pax off Canada.
- Steam Packet tightens up
Isle of Man ferry owner to review bridge operations after UK report into Sea Express 1's clash with cargoship.
- Boxed out
Container shippers are set to introduce surcharges as delays mount at Tanzanian port.
- Skipper sent down
An Accord Ship Management captain has been sent to jail following magic pipe trick.
- New pier for Yang Ming
Taiwanese boxship owner to spend TWD 15bn to accommodate 12,000-teu giants at Kaohsiung port.
- Petromar to rebuild shipyard
Angolan oil company to spend $40m to revive facility at Ambriz in Zaire province.
- Earnings shock for IHI
Chairman Mototsugu Ito quits as Japanese yard group reveals it is heading for huge first-half losses.
- Humpuss hits high note
Indonesian shipowner pushes up first-half net profit despite lower revenues.
- K Line strengthens JSW ties
Japanese owner inks second coal deal with India's second largest privately owned steel maker.
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| SEPTEMBER 28, 2007 |
- Study: Containership operating costs rise faster
- FEFC's August westbound volume up 18.7%
- "K" Line in 15-year coking coal transport deal with Indian steelmaker
- Dockwise listing stock in Norway
- Genco prices share offering
- Senator Lines offers extra loader in Asia/Middle East trade
- Boston shipyard expanding in Philadelphia
- Bush focuses attention on New York air congestion
- Delta to offer New York/Cape Town flights
- Feds to track Mexican trucks with satellite
- Speakers urge comprehensive transport planning
- Acting USDA chief touts pending free trade agreements
- GAO: Ex-Im Bank finances no "dual-use" exports since 2002
- USDA imposes ban on poultry from Saskatchewan
- USDA alters disease status for Republic of Georgia
- Webb leaves FFEX for Fenway Partners
- Agency Sector Management's software ready for SAD H
- FMC receives 4 OTI license applications
- L.A.-Long Beach directors: Industry misrepresents ports' truck plan
- Savannah buys land for expansion across the river
- ProLogis in agreement to buy Staten Island property
- Yantian opens new berth
- Le Havre volume up 2%
- Philadelphia maritime interests protest land sale
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| SEPTEMBER 28, 2007 |
- New Bourbon Dolphin hearing on vessel stability
The royal commission hearing into the Bourbon Dolphin capsize and sinking on 12 April this year will be extended into ...
- Eight per cent wage cost increase on FoC vessels
International Transport Workers' Association ITF and the employer organisation Joint Negotiating Group JNG has agreed on an eight per cent ...
- Måns Bolin to expand in offshore
London-based Swede Måns Bolin ' with his business partner Greek Gabriel Petrides ' wants to expand his offshore interests through Aries Offshore ...
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| SEPTEMBER 28, 2007 |
- Higher prices, congestion bothers Houston
Loading delays hampering schedules as week closing.
- Northwest ports continue emissions plan consultation
Distillate fuel on the agenda as draft document seeing more public exposure.
- Scrubber collaboration scoops cruise award
Initial results from cruise ship scrubber trial shows elimination of SOx emissions.
- BP abandons UK bunkering station
Says move from Portland is part of restructuring to focus on services out of Rotterdam.
- Jail for captain who lied about oil pollution
Court rewards crew members who gave evidence of illegal dumping.
- Bunker player 'eyes' US shipbroker
WFS refuses to comment on 'market rumours'.
- ARA: Product tight in Antwerp
- Titan sells 14 year old vessel
Sale is part of strategy to reduce exposure to the volatile VLCC market.
- New high for Brent crude, WTI near record
Oil prices rally on weak dollar, but analysts question support from fundamentals.
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