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| MARCH 2, 2007 |
Shipping News
- NOL to grow network of terminals, may expand to Europe
NEPTUNE Orient Lines is aiming to expand its network of nine terminals, including the possible establishment of terminals in Europe, after it recently announced its first China facility in Qingdao.
- Q3 profit of Msia's MISC jumps to RM944.5m
MALAYSIA's MISC Bhd, the world's biggest owner of liquefied natural gas tankers, said third-quarter profit rose helped by ship sales and demand for oil and gas facilities.
- Sea freight futures seen growing to US$150b in 5 years
THE global sea freight derivatives market could grow to around US$150 billion in the next three to five years, but issues over transparency and liquidity continue to frustrate expansion, market participants say.
Admiralty Casebook
- Fire-fighting system on ship rendered virtually useless
A SINGAPORE-flagged vessel had its Halon 1301 fixed fire extinguishing system rendered virtually useless during an engine room fire two years ago because the fire had prevented the crew from shutting off the ventilation opening to the engine room.
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- NOL 2006 net profit plunges 57pc
- Evergreen upgrades online reporting services
- HK hosts terminal operations conference and exhibition
- Shortage of sailors becomes acute for Korean lines
- DHL to invest heavily in the Middle East
- Seattle extends benefits to Teamsters' domestic partners
- Airbus to lay off 10,000 in massive corporate restructuring
- Malaysia Airlines back in the black in 2006
- Qantas turns to GEnx engine for its 787 fleet
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- Aaras Container Line inks NVOCC agency pact with Aaras Shipping & Logistics
- RFL deftly executes project cargo delivery in record time
- Eagle Maritime Group adjudged second best supporter of CSAV
- Zim opens own office at vizag
- ABG Shipyard delivers AHTS vessel to UAE co.
- GE Shipping takes delivery of product tanker
- S. S. Hussain appointed JNPT Chairman
- Import duty waiver slashes capital dredging costs
- Jumbo (BCN) rakes at CONCOR’s DRT CFS attract huge trade support
- 5 more years for textile cos to avail of technology upgradation fund scheme
- Orissa unveils new policy to attract industries
- Karnataka to set up SEZs in Tier-II cities
- Economic thrust was vital-says IMC chief
- SAD departure to make edible oils cheaper
- Infrastructure development proposals innovative, feels CII chief
- Fieo identifies positive aspects
- Excise sop to SSIs inadequate-AIAI
- CIAe cites cause for concerns
- MAIT chalks IT up
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| MARCH 1, 2007 |
- Samskip boosts its coverage of the Baltic and North Sea
- Fraport wants to save
- Neuss-Düsseldorf ports witness increasing throughput
- Correos opened new sorting and distribution centre
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| MARCH 1, 2007 |
- Interferry offers assistance to Indonesia
- Golden Ocean profit down
- Panama Canal gets busier
- Strong Q4 for Golar
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| MARCH 1, 2007 |
- Foss Maritime to build hybrid tug
- Aker Innovation formed to eye new projects
- Austal confirms ten ferry order from Macau
- TBS orders tweendeckers in China
- Rochester fast ferry on the move
- Panama Canal demand grows
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| MARCH 1, 2007 |
- Bunker fuel spill reported at Port of Seattle grain terminal
- Panama Canal Authority releases first quarter numbers
- Overseas Shipholding looks to buy lightering business from Heidmar
- NAFTA partners see decline in surface transportation totals
- New academic dean appointed at US Merchant Marine Academy
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- Greeks splurge on capesize newbuilds
GREEK owners close to finalising a $1bn binge of capesize newbuilding orders.
- Survey points to Greek flag recovery
- Report sparks off heated debate at Erika trial
CIVIL claimant and defence lawyers trade blows after report shows BP declined to approve vessel for its use.
- Golar eyes logistics spin-off
JOHN Fredriksen’s company is considering spinning off its logistic investments and projects into a separate company.
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- Indonesia targets lax ferry safety
JAKARTA 01 March – Indonesia’s president, Susilo Bambang Yudhoyono, has warned ferry operators there will be stricter penalties for lax safety practices
- NEMO – the new French weapon
CMA CGM Australia’s apparently premature ‘new service’ announcement has left New Zealand service partners shell-shocked and apparently even surprised the Line's HQ
- Golden Ocean upbeat on more Chinese growth
FREDRIKSEN-controlled dry bulk shipping venture Golden Ocean has reported a 2006 profit less than that of 2005, but retains an optimistic outlook based on growth in China
- MCA takes on new SAR helicopters
THE UK’s Maritime & Coastguard Agency is upgrading its search and rescue operations by taking delivery of new S-92 Sikorsky helicopters
- Fish 'n ships talks 'positive'
THE strong feelings of the Shetland Islands' fish industry about NorthLink Ferries following last week's delays have been eased after talks between the two parties
- Ship sale keeps Birka in black
- Passage plans must be monitored
- Grounded bulker off Baltimore
- House approves investment bill
- Eagle Bulk flies higher
- CSAV posts $58M loss for 2006
- Golar 4Q soars on rate spike
- CMA CGM takes Cheng Lie
- FFA loss hits DryShips
- Macquarie and Hochtief vie for HHLA
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| MARCH 1, 2007 |
- California to get new container fee bill
Activist politician Lowenthal plans to re-introduce a bill calling for a $30 per-box fee to help pay for pollution-reducing measures in California.
- Senate rejects scan-all container proposal
- Matson, J.B. Hunt partner on guaranteed China services
- ILA, Evergreen agree on port captains' contract
- Rotterdam hit by protest
- Dominican Republic joins CAFTA
- South Atlantic Chassis Pool adds locations
- Seagirt tops mark
- ANL returns to Europe
- DP World out of Hamburg stevedore bidding
- CMA CGM makes offer for Taiwan carrier
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- Interview: CMA CGM expects to earn back cost of Cheng Lie acquisition in five to six years
CMA CGM, which offered to acquire Taiwan’s Cheng Lie Navigation (CNC) yesterday, is confident of recovering its $T5.2bn (US$158m) investment and profiting from the business within five to six years.
- Only Macquarie and Hochtief left on HHLA stake shortlist
The Hamburg Senate confirmed today that 49.9% of HHLA would go to either Macquarie or Hochtief, following exclusion of the other pretenders, although the IPO option is still open.
- Smit Rotterdam harbour towage strike continues past initial 24 hours
- APMM’s Odense yard tried to secure orders from Maersk competitors
- US House passes bill on foreign takeover vetting
- Hamburg Sud’s Trident goes weekly
- China Shipping suspends share trading for multi-modal co-operation announcement
- Slow volume growth holds back Jakarta port investment
- HMM and Heung-A to add Colombo to CIX service
- AAL revises Asia-Australia services
- Bangladesh adviser regime decides on New Mooring privatisation
- Maersk moots direct calls at projected Cai Mep deepwater port
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| MARCH 1, 2007 |
- Why TK is more than OK
Veteran analyst says Teekay Shipping -- or is it Teekay Corp? -- has left behind its former peers in the tanker sector and deserves to be treated better.
- Eagle raises $102m
Dry bulk operator prices secondary shares offering at $18.95, market sources indicate.
- Samudera sings the blues
Indonesian liner and tanker player hit by higher costs and lower freight rates in 2006.
- SSW continues to fall
Investors slice another chunk off Seaspan's share price as it unveils a full-year profit of $35m.
- Bulker grounds off US
Baumarine-chartered panamax loaded with coal stranded in Chesapeake Bay as officials wait for high tide to re-float.
- Platou snaps up more ACM
Oslo broker now holds nearly 6.5% of its London counterpart.
- Norwegian ship leaks in Elbe
Rapid response from German authorities as heavy fuel oil leaks from chemical tanker in River Elbe.
- Palmali back at Russian yard
Turkish owner order series of 10 small tankers at MNP Group's Krasnoye Sormovo.
- AAS still waiting for returns
Annual revenues kept to a minimum at Aker American Shipping as it waits for OSG ships to roll out of yard.
- Hang on!
JP Morgan docks Ship Finance recommendation after Frontline plan to offload remaining stake.
- Nepline losses widen
Higher costs and lower revenues hurt Malaysian tanker owner in 2006.
- Duo bail out Viktor Lenac
Uljanik and Tankerska Plovidba to become shareholders in bankrupt Croatian yard after debt deal.
- Olsen upgrades FSO
Knock Nevis is set to take on 450,000 barrels/day as Maersk ramps up Qatar activity.
- Ocean Tankers reverses loss
Cypriot-listed tanker owner says goodbye to red ink in first result since listing.
- All good for Golar
Record fourth quarter result boosts annual profit for John Fredriksen’s gas shipping venture.
- Tallink sells fast ferry
Estonian operator offloads Autoexpress 3 to Jordan’s Arab Bridge.
- Golden to pay dividend
Fredriksen bulker outfit to start quarterly payouts as fourth quarter profits move in to the black.
- Penguin turns it round
Singapore shipowner and shipyard operator gets back in the black for 2006.
- Casualty hurts HUBLine
Cost of repairs plus vessel downtime dent profits at Malaysian intra-Asian boxship player.
- Austal solves mystery
The anonymous company behind 10 fast ferry orders at Australian yard is...
- Courage rides BDI rise
Higher freight rates, fleet capacity and utilization boost results at Singapore-listed bulker player.
- Disposals lift MISC
Malaysian owner sees 18.5% rise in third quarter profits, but only thanks to the aframaxes it sold.
- Deeper into the red
Canada’s BC Ferries see profits slip further into negative territory due to seasonal slowdown.
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- CMA CGM bids for Taiwan’s CNC
- WTSA raising agricultural rates
- Hamburg Sud making Trident weekly
- MISC’s profit rises after vessel sales
- Intermarine receives third heavy-lift ship from ENVC
- COSCO partners with leading Chinese energy company
- Nordana ending direct calls at Fos
- NYK receives bulk ship
- HJ Lines to start freight-ferry service between Wales, Ireland
- Airbus cutting 10,000 jobs
- FedEx completes buyout of Chinese joint venture
- UPS drops 194 employees in cost-saving move
- Silverjet offering "carbon neutral" cargo service
- Celadon buys Va.-based Warrior Xpress
- Intercontainer-Interfrigo names Wintgens director of operations
- Specter of 100% container exams looms again in Senate
- Mexico challenges China subsidies at WTO
- Kuehne + Nagel looking to expand Russian footprint
- Chinese Coca-Cola bottlers select Descartes
- Globe Express’ Canadian unit opens Montreal office
- iGPS picks up Wal-Mart executive
- Panama Canal tonnage rises
- Hutchison building new Ecuador port
- $10 million opening bid set for Batangas port
- Tacoma port names Fabulich chairman
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| MARCH 1, 2007 |
- Norwegian chemcarrier leaks fuel oil in Elbe
Norwegian Anders Utkilen chemical tanker Fostraum, 2,900 DWT and built 1991, leaked fuel oil into the River Elbe at Butzfleth ...
- Sharp increase in pay-outs from Swedish morgage bank
The Swedish Ship Mortgage Bank paid out SEK 1,790 million (EUR 193 million) in new loans last year, up by ...
- Better for Birka Line in 2006
The turnover of Birka Line Abp was EUR 94.70 million in 2006 compared to 115.46 million in the previous year ...
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| MARCH 1, 2007 |
- Bunker spill clean up underway
Agencies swinging into operation after Puget Sound accident yesterday.
- Marketing manager moves on
Lubeoil Manager and Bunker Trader at Turkish company resigns.
- 2006 a 'momentous year' for Aegean
Q4 and annual results show growth in the year Aegean bagged $185.2 from IPO to continue expansion.
- Singapore: Stocks of residual fuels down, distillates up
- ARA market firms further
- Court doubles bill for diesel spill
New Zealand-based firm ordered to cover costs of cleanup works resulting from a diesel spill in 2005.
- New bunker firm starts in Australia
Independent bunker trading firm has established an office in Sydney this year.
- High bunker costs cut STX Pan Ocean profit
Singapore-listed bulker owner blames high bunker costs and losses in derivatives trading for its 2006 profit cut.
- Crude up after US inventory report
Oil prices up slightly after US inventory data and Iran's intention to continue pursuing its nuclear research.
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