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| MAY 2, 2007 |
Shipping News
- Caribbean oil tanker rates advance on fewer vessels
RATES to transport crude oil in the Caribbean basin rose on fewer available ships following two days of no change last week.
- Arpeni allots US$350m for fleet expansion
PT Arpeni Pratama Ocean Line, Indonesia's largest coal transporter, plans to spend as much as US$350 million to buy ships, as construction of power plants boosts demand for the fuel in South-east Asia's largest economy.
- Ship supply seen hitting container shipping rates
THE container shipping sector is expected to face strong challenges in the next two to three years as ship supply overwhelms demand, the head of the world's second-largest container shipping company said on Monday.
- Security project opened in Karachi port for exports to US
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| MAY 2, 2007 |
- ESC fear draft convention on maritime cargo liability
- Qinzhou trade up 87pc in Q1 driven by imports
- Port of Rizhao to build 5 berths
- Oakland welcomes the Ital Lirica on maiden voyage
- PSAI and ST win box terminal awards
- Toll shareholders to vote on restructuring plan
- Baltrans moves winning Aston Martin GT racer
- Cathay Pacific suspends Colombo after rebel air strike
- Fund manager sees US$9.09b bid for Qantas as too low
- Qingdao-Hong Kong air cargo service commences
- Lufthansa Cargo honoured by logistics trade journals
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| MAY 2, 2007 |
- New president of global logistics for Agility
- Evergreen Line and Coscon introduce SRS service
- Emirates ends year in profit
- Russia budgets trillions for rail development up to 2030
- Norbert Dentressangle on track
- Australian railfreight network returned to public
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| MAY 1, 2007 |
- Pirates active in Singapore Strait
- American club sheds 500,000 gt
- FESCO clears the air
- NoE warns on loading procedures
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| MAY 1, 2007 |
- No plans to raise Bourbon Dolphin
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| MAY 1, 2007 |
- Petrobras to spend $1.6bn on 'ethanol link'
ENERGY giant to create logistics network that will make it a world leader in ethanol exports.
- Brazil to boost fleet for ‘ethanol corridor’
- Heavy-lift giant eyes Oslo listing
NEWLY-merged Sealift and Dockwise entity seeks full listing in the third quarter of this year.
- Energy underwriters brace for price war
US firms hunt for good bargains on the back of a benign and major claim-free 12 months.
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| MAY 1, 2007 |
- Caribbean cruising plateaus
MIAMI 01 May – Royal Caribbean Cruises Ltd (RCCL) claims Caribbean demand could recover later this year, but the company will sail less than half of its capacity in that region for the first time ever in 2008
- RCCL profits plunge
ROYAL Caribbean Cruises has reported lower Caribbean pricing and a huge profit fall tied to both the Pullmantur acquisition and a "disappointing revenue environment"
- SCI to enhance container exposure
SHIPPING Corp of India is moving to buy four container ships to cater to the growing India-Europe and India-US box trade
- Bharati hopes to build 100,000dwt
INDIA'S Bharati Shipyard has begun construction of its new facility at Mangalore on the west coast; the plan now is to build vessels of up to 100,000dwt
- DP World IPO prospects grow
MEDIA speculation about a DP World initial public offering has been sparked by the appointment of two consultants to examine the terminal operator's finance options
- Indians target dry bulk expansion
INDIAN trio GE Shipping, Mercator and Shipping Corp of India are investing heavily in dry bulk tonnage as demand is expected to remain strong into the medium term
- India seeks wheat import tenders
- P&OMS wins French Antarctic contract
- Box shipping 'can absorb tonnage'
- Owners may be tapped for port growth
- LNG hysteria 'simply wrong'
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| MAY 1, 2007 |
- SSA Marine, native tribe to partner on development of Tacoma box terminal
Stevedore and Puyallup Tribe to build to build a 180-acre container terminal on land owned by SSA and the tribe at the Port of Tacoma.
- Oakland port traffic normal after bridge collapse
- West Coast port truck protest fizzles
- DP World mulls IPO: Report
- Panama Canal to close locks for repairs
- UP, Norfolk Southern plan intermodal transcon service
- Seaspan cashes in on stock over-allotment
- Savi licenses e-seal tech
- Japan, Asean expected to reach free trade deal
- Exel, Total settle theft lawsuit
- Cargill charters Diana bulker
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| MAY 1, 2007 |
- TSA is optimistic
- One name: Evergreen Line
- VPA to take action on truckers
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| MAY 1, 2007 |
- Billion-dollar deal?
Peter Georgiopoulos says his General Maritime is primed to pounce.
- Dry-bulk stocks stoop
DryShips, Quintana, Diana and Eagle are all down today despite still booming dry-bulk charter markets.
- More insider play at Quintana
Stamatis Molaris-led Quintana Maritime is partnering once more with a board member to buy four capesize newbuildings.
- OSG in new magic pipe row
Morten Arntzen-led OSG has oily water problems again just months after a $37m settlement with US authorities.
- Gas sell-off stalls Montanari
Navigazione Montanari has reported a massive 63% fall in profits.
- RCCL pulled down
Spanish acquisition Pullmantur asks questions of Royal Caribbean’s first-quarter result which slumps.
- Thaw in Baltic spat
The war of words between Fesco and Containerships may have come to a close with the latter’s latest release.
- BC pulls replacement ferry
Canadian owner orders refit for ship that has just replaced Queen of the North, which sank last year.
- Pipelay ship for ASL
Larsen & Toubro/Sapura joint venture orders offshore ship in Singapore for $138m.
- Srab suffering
Swedish tanker owner hit by cost of 7,000-dwt Turkish newbuilding in first quarter.
- Arpeni takes a pounding
Indonesian tanker and bulk owner sees first-quarter profit drop as revenues slide.
- Ukrrichflot lines up loans
EBRD could provide up to $75m this year to finance Ukrainian owner’s newbuilding projects.
- Posco swaps with Hyundai
Korean steel giant strengthens defence against takeover by exchanging stakes with compatriot shipbuilder.
- New revolver for ACL
Nasdaq-listed barge and yard owner American Commercial Lines secures new $400m facility.
- Wilson Sons lists in IPO
Brazilian shipyard and offshore vessel group floats in Sao Paulo and Luxembourg with market cap of $835m.
- Temas kicked
Indonesian boxship player Pelayaran Tempuran Emas beaten up in first quarter after fine 2006.
- Taiwan to invest in Chinese lines?
Chinese minister offers to let Taiwanese companies buy into containership owners and ports.
- Volumes up, rates down
NOL continues to see the amount of containers carried increase, but rates are still heading downwards.
- Tianjin tumbles
Chinese boxship owner Tianjin Marine slumps to tiny quarterly profit as revenues fade.
- Matson profits inch up
Input from new China service helps lifts year-on-year figures at US-to-Hawaii liner operator.
- Pain goes on for CSAV
Chilean container line follows up loss-making 2006 with more red ink in first quarter.
- SK takes Genco Knight
Peter Georgiopoulos’ US listed bulker outfit fixes panamax to South Korean owner at hefty rate rise.
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| MAY 1, 2007 |
- ESPMC-WITASS increasing bunker surcharges
- K-Sea reports improved results
- Seaspan gains $13.4 million from overallotment
- FESCO furious with Containerships
- APL's average revenue per FEU down
- Heavy-lift carriers Dockwise, Sealift merging
- Matson's 1st quarter operating profit up 3%
- Hapag-Lloyd names 8,750-TEU Tsingtao Express
- Evergreen, COSCO to start Far East/Red Sea service
- IRISL to start new Far East/Europe service
- Rickmers-Linie names Aseco as agents for South East Europe
- U.S., EU sign historic aviation pact
- Delta leaves bankruptcy
- Canada, Ireland sign open skies agreement
- Cathay suspends flights to Colombo again
- American to raise fuel surcharge
- BNSF's 1st-quarter net income drops
- YRC's 1st quarter profit slashed by 97%
- CP Railway's net income rises 18% in 1st quarter
- Business leaders sign private San Francisco Bay Area/China pact
- Marks & Spencer's selects APL Logistics
- Agistix rolls out all-in-one logistics software platform
- Census to put pressure on exporters for accurate SEDs
- U.S. GDP slows to crawl in 1st quarter
- China opens the door for Taiwanese investment in shipping
- USAID administrator resigns over call-girl flap
- Cuba lifts ban on U.S. rice
- Rossides named temporary No. 2 at TSA
- Summit Global Logistics names Huang to lead Asia Pacific region
- Broom joins Woodland
- Arpin International Group promotes Francis
- UTi acquiring Israeli firms, forming new merged entity
- DP World mulling $2 billion partial float
- Highway collapse could impact Oakland port traffic
- Port of N.Y.-N.J. to participate in TWIC enrollment test
- AMPORTS sold to AIG affiliate
- Vinalines eyeing foreign partnerships to develop megaports
- IBT awarded TWIC subcontract, drops complaint
- Inchcape appoints Cosgriff to head defense services unit
- Vancouver Port Authority elects Morgan-Silvester as chair
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| MAY 1, 2007 |
- Evergreen sees fuel costs fall
But falling container rates dragging down revenue and profit figures.
- Ventrin office moves location
- Six sulphur solutions
Only one of the options on the table for IMO's MARPOL Annex VI review not accepting abatement technology.
- Strike still threatening Antwerp market
Talks resume on Wednesday in bid to head off refinery disruption.
- Government reforms to cover whole bunker sector
Nigeria's new licensing regime welcomed: 'It's what we have been clamouring for.'
- Quiet start for Rotterdam barge market
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