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| APRIL 2, 2007 |
Shipping News
- Marseille port up and running after deal
THE French southern port of Marseille was back in business yesterday after an 18-day-strike ended with an agreement meeting union demands.
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| APRIL 2, 2007 |
- CKYH Alliance to shake up AWE services in May
- Deutsche Bahn readies for 2008 listing after profits soar 65pc
- Chiwan throughput up 48pc in February
- CMA CGM buys Morocco's dominant shipping company for `US$267m'
- Ecu-Line to start service to Thailand's Laem Chabang
- MOL fits Tokyo container terminal with solar power station
- Air China Cargo to launch new service to Japan and Korea
- Jade Cargo to launch Shenzhen-US service
- GAC Hong Kong signs deal with Lufthansa Cargo
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| APRIL 2, 2007 |
- DGS to take up case with IMO
- Record number of tankers sail to scrapyards
- Mercator’s bonds fetch $ 51 m in Singapore
- CCEA clears decks for HPCL, BPCL to charter ships directly
- IPBCC to implement 3-phase westbound rate restoration for 2007
- Varun Shipping to order 11 newbuildings from S. Korea
- Anti-dumping duty slapped on chemicals, vitamin A imports
- Uptrend in edible oil imports
- DP World races past record 8.8 lakh TEUs as fiscal year draws to a close
- 20 pc wage hike for Goa barge crew
- 3 bid for Petronet LNG terminal deal
- Forbes Patvolk’s CFS near JNP inaugurated
- Private containerised freight licensees seek railway land on lease to set up ICDs
- PHDCCI seeks simplified export procedures
- Forex reserves swell by $ 1.8 bn
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| MARCH 30, 2007 |
- Intermarine places Paul Wilson in charge of sales
- Ecu-Line to launch Antwerp-Laem Chabang service
- InterBulk to acquire UBC
- Kuehne + Nagel buys Censped in Slovenia
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| MARCH 30, 2007 |
- Samskip moves into Japan
- ITF makes push for better US shore leave
- Schumer keeps up port security calls
- EMERA and IPBCC raise tariffs
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| MARCH 30, 2007 |
- U.S. backer for new Hartmann AHTS orders at Fincantieri
- Former AMO officials get prison sentences
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| MARCH 30, 2007 |
- One year of hard work cleans up Kaiser site in Tacoma
- Columbia Channel project nets $30 million in funding
- Port of Vancouver, USA taps Holmberg at Public Affairs boss
- Trade between NAFTA partners sees gains during month of January
- US rail freight traffic takes dip during week
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| MARCH 30, 2007 |
- Barrot urges Greece to back stance over IMO
EU transport commissioner seeks Greeks support over Brussels pursuit for IMO representation.
- Defiant IMO rejects Brussels claim that it ignores European Union
- Claus-Peter Offen spins off tanker operations
GERMAN shipowner seeks to grow tanker business in partnership with Sweden’s Broström Group.
- Capital's US offering draws strong interest
TANKER owner's IPO priced above target price and 'several times oversubscribed'.
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| MARCH 30, 2007 |
- Key US-China ruling emerges
NEW YORK 30 March – The US Court of International Trade has refused to block US tariffs on Chinese paper-product imports, a decision that has potentially market-wide implications for trans-Pacific trade
- Bomb hoax evacuates Sensation
A bomb threat targeting Carnival Cruise Lines’ Sensation turned out to be a hoax and a buzzing suitcase left onboard contained nothing more than an 'adult novelty item'
- Mercator's Singapore listing closer
MERCATOR Lines (Singapore), wholly-owned subsidiary of Indian operator Mercator Lines, has moved a step closer to a listing on Singapore Stock Exchange
- Indian oil companies drop Transchart
INDIAN state controlled Bharat Petroleum and Hindustan Petroleum have been given permission to take charge over chartering arrangements
- Marinakis rings in IPO victory
CAPITAL Product Partners chairman Evangelos Marinakis rang the opening bell at NASDAQ today as the new company began trading after a successful IPO
- Eimskip shortlisted for Shetlands
ICELANDIC operator Eimskip is one of the two companies shortlisted for the lift-on/lift-off service contract linking the Scottish mainland with the Orkney and Shetland islands
- Croatians eye Hambanthota shipyard
- Evac acquires dry waste specialist
- Samskip finds cold comfort in Japan
- Law firm sued over cargo damage claim
- US officer union leaders jailed
- Grounded tanker freed at Salvador
- RightShip opens London office
- CMA CGM wins Comanav
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| MARCH 30, 2007 |
- U.S. to levy duties on China paper
The Commerce Department, under pressure from U.S. industry, reverses long-standing policy with plans to levy duties on imports of coated paper.
- Rhine still closed to shipping
- Marseilles strike threatens U.S. gas shipments
- Rail container volume off
- Seattle port revenue bonds to fund box terminal
- Former maritime union leaders sentenced to prison
- Trailer Bridge sees tax credit
- U.S. firm bids for Iberia
- Two more ships for Seaspan
- Kuehne & Nagel acquires forwarder in Slovenia
- Kerry plans India hubs
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| MARCH 30, 2007 |
- Latest strategic acquisition for CMA CGM, as consortium wins Morocco’s Comanav
A CMA CGM-headed consortium has won the privatisation tender for Morocco’s Comanav, which will bring the Marseilles-based company shipping and port assets, as well as confirming the company’s strategy of making niche acquisitions.
- Tauranga pulls out of Auckland merger
The proposed merger between New Zealand’s top two ports is off, with Port of Tauranga late today announcing it had withdrawn from formal talks with Auckland.
- Smit and unions fail again to come to terms
- Rotterdam customs plan third work-to-rule
- Parliamentary panel protests policy of making India’s Concor face market forces
- TWIC included in Port of Houston budget
- Shenzhen's Yantian and Ganzhou test cheaper and faster container rail transport
- Durban still battling aftermath of weather
- CK Line to add Vladivostok to Busan/Vostochniy loop
- South Korea to build US$261m inland cargo depot
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| MARCH 30, 2007 |
- Competition hots up
Dedicated photographers as well as casual snappers are battling it out in TradeWinds' shutter shoot out.
- MC cuts VLGC dispute losses
MC Shipping is taking a $905,000 hit to 2006 earnings and settling a feud with Geogas -- but not its feud with V Ships Cyprus.
- Mercator sells convertible
Harish Mittal-led Mercator Lines (Singapore) has raised $51m in bond money to buy bulkers before its stocklisting.
- Ominous smoke signals
Shipping companies could suffer if practice of smuggling cigarettes is widespread, as three nabbed in Malta.
- Seaspan confirms pair
New York Stock Exchange-listed Seaspan has announced a previously reported order for two more 2,500-teu ships.
- Horizon shaves leverage
Chuck Raymond-led Horizon Line is continuing to cut down long-term debt with a $25m payment today.
- Oops, forgot to hedge
Newly Shanghai-listed China Merchants will beef up risk management after Japanese charters hoovered its net.
- Golden Victory
NYK wins final court VLCC charter battle by narrowest of margins
- Second ferry hit by switchboard fire
Scandlines vessel returned to Swedish port for repairs after power failure.
- Hartmann orders eight more
German group increases number of anchor-handlers on order at Fincantieri in Italy to 10.
- Coeclerici eyes Varna upgrade
Italian bulker owner wants to build $20m floating unloading system for ships in Bulgarian port.
- DryShips gets busy again
US-listed owner snaps up another two panamax bulkers, this time from Deiulemar.
- AP Moller sells and charters back
German K/G Koenig & Cie steps in for 2001-built products tanker, chartering it back to Danes for five years.
- Carnival ship in bomb scare
Passengers forced off vessel in Florida during routine safety drill in what transpires to be a hoax.
- Atlantska scuppered by costs
Croatian bulker owner sees 2006 profit plunge 78% despite operating revenue rise.
- GSI on a roll
Flourishing handysize tanker market pushes Chinese shipbuilder to much bigger 2006 profit.
- Rating reaction
Steamship Mutual hits back at AM Best after surprise downgrade.
- Aries curtailed by costs
2006 profit shrinks as Greek tanker and boxship owner's vessel operating and other expenses wipe out revenue growth.
- New EU pay row
Danish union tries again to win crew discrimination case against owners.
- BLT booming
Indonesian tanker owner goes from strength to strength with big profit leap in 2006.
- Odfjell mum on sales
Norwegian chemical tanker owner not revealing destination of two older units to leave the fleet.
- Make that a dozen
China Shipping continues order splurge with deal for 12 supramaxes at own shipbuilding group.
- Temas turns it on
Indonesian boxship operator produces big profit jump for 2006 as revenues increase.
- STX Pan Ocean inks PCTCs
Singapore-listed shipowner orders four car carriers at sister company’s new shipyard in China.
- CMA CGM scoops Comanav
French group continues acquisition spree with winning bid for Moroccan containership operator.
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| MARCH 30, 2007 |
- China COSCO's profits drop 64% in 2006
- CMA CGM consortium to buy Morocco's Comanav
- FEFC announces bunker, currency adjustments for May
- Three sentenced in scheme to defraud Zim
- Diana Shipping shares priced at $17
- Seaspan receives box ships for COSCO, Hapag-Lloyd
- Surface Transportation Board to look at trash trains
- Mandatory ACE truck manifest to start in California
- U.S. beef marketing in Taiwan drives demand as health scares fade
- Samskip Reefer Logistics selects Interocean Shipping as Japanese agents
- Another DHS official departs
- Kuehne + Nagel acquire Slovenian forwarder
- ICE sweeps up illegal workers at Port of Baltimore
- Port of Tauranga calls off merger talks with Auckland
- Fraser River, Vancouver ports team up to fund river debris trap
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| MARCH 30, 2007 |
- Crude finally slips from record high
- Clipper to get new Bunker Manager
Bunker trader moving to shipping side.
- Freeport: No MGO and warning for LNG ships
- Cruise ship scrubber trial confirmed
Regulators will watch HAL-BP cruise ship project to evaluate scrubber efficiency.
- Distillate shortages hit Cape Town
Bunker supplies are under pressure in two of South Africa's three main bunker ports.
- Fuel oil cargo coming off troubled tanker
Authorities in Gibraltar to oversee STS from Greek tanker towed to port after grounding.
- Engineering consultancy gives details of PTP hub
Modern terminal 'will place Malaysia at the heart of the World Petroleum Market'.
- ARA tight for prompt enquiries
- Titan signs shipyard acquisition option
Titan's Hong Kong listed arm signs MOU on a potential acquisition of a Chinese shipyard.
- Bunker demand holds steady in Shenzhen
Buyers slow to adjust purchasing patterns as new supplier undercuts regional rival.
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