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| AUGUST 2, 2007 |
Shipping News
- HK police forcibly remove protesters from pier
Hong Kong police yesterday forcibly evicted scores of furious protesters fighting to save a British colonial-era pier, all but ending a months-long stand-off.
- Four-fold rise likely in China LNG imports
China, the world's second-biggest energy user, may increase liquefied natural gas (LNG) imports from Australia four-fold this year as power plants use gas to generate electricity to cut pollution, an official said.
- Cruise giant Carnival wins rights to qe2.com site
Carnival, the world's largest cruise operator, on Tuesday won exclusive rights to 'qe2.com' after the firm that registered the Internet site was found to have no link to its most famous ocean liner.
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| AUGUST 2, 2007 |
- Shanghai trade value growth slows in first half
- Guangzhou Nansha container terminal's volume soars 70pc
- Sinotrans mulls new focus on short-sea shipping and logistics
- Expansion begins with signing of first Panama Canal excavation contract
- Dubai Ports Group in talks to manage Djen Djen Port in Algiers
- Bahamas makes bid to be major international transshipment hub
- Qantas raises stake in Vietnam's Pacific Airlines to 18pc
- India eyes potential of turning Nepal into air transit hub
- One thousand pilots apply for 100 jobs at United Airlines
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| AUGUST 2, 2007 |
- Mercator Lines posts 162 pc rise in Q1 profit
- CNC launches 2 new services between China & India
- Seatrade seeks industry’s best
- Edible oil prices flare up abroad
- Jewellery exports post 22 pc growth in Q1
- Exim Bank to raise Rs 12,000 cr. abroad
- Pak serves legal notice over India’s use of ‘Super’ in basmati exports to EU
- Hi-tech team to explore investment opportunities in Israel
- Import duty on wheat flour may be waived
- UAE bans poultry from India
- US importers see chaos if compulsory box scanning bill goes through
- CONCOR-WR jumps on to records track
- Secure line for Dhaka service sought
- AI plans to acquire more wide-bodied planes
- More tourists cruising in
- New guidelines to hasten hassle-free PPP infrastructure projects notified
- Mission with purpose to boost farm yield
- R. S. Saxena takes over as DC of KASEZ
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| AUGUST 1, 2007 |
- New maritime crime hotline
- IMEC focuses on training to counter officer shortage
- Lack of capacity holds back Wilh. Wilhelmsen
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| AUGUST 1, 2007 |
- Stern tube leak sidelines 80-year old WSF ferry
- Donjon delivers an aircraft carrier
- Stolt-Nielsen under SEC investigation
- GE power for LCS 4
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| AUGUST 1, 2007 |
- Grand Alliance carriers extend agreement 10 years
- Freight forwarder pleads guilty in Department of Defense case
- Port of Bellingham sponsoring second Sand in the City festival
- Crowley Maritime charters pair of new harbor tugs
- Marcon acts as broker in sale of two vessels
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| AUGUST 1, 2007 |
- GO Carriers plans debt and equity infusion
BULK operator aims to partially bankroll acquisition of up to four secondhand bulkers with an infusion of fresh equity.
- Larger fleet nets profit for Go Carriers
- Grand Alliance signs for another 10 years
MAJOR liner shipping consortia has been extended for another decade.
- Oil prices surge to new records
OIL prices shot up to $78.77 a barrel as rising demand pushed down US oil inventories.
- Space Race
OTHER ports along the Pacific seaboard are gearing up to challenge LA and Long Beach.
- Protective placement
AN amendment to Annex I of Marpol with regards to fuel tanks in ships comes into force today.
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| AUGUST 1, 2007 |
- Grand Alliance members renew pledge
Hapag-Lloyd, NYK, OOCL and MISC have pledged to continue their operational co-operation in the Grand Alliance
- Stranded Russians due to fly home
EIGHT Russian seafarers were due to return to St Petersburg today after spending nearly 10 weeks stranded without pay on the detained cargo vessel Lillian in Ireland
- USCG praises shipping success!
COMMERCIAL shipping received kudos this week as the US Coast Guard pointed to improved safety and security statistics in its annual port state control report
- New initiative for waterborne freight
A NEW report into British Waterways has enlivened responses from UK MPs and others about the opportunities on offer for waterborne freight
- No Bayonne bridge raising this decade
THE BAYONNE Bridge, on the entrance of New Jersey’s container terminals, is unlikely to be raised by the time the Panama Canal expansion is complete
- Grounded vessel pulled clear
The Maltese-flagged general cargo ship Baltiyskiy 201 ran aground as it approached the Scottish port of Perth yesterday; it was later refloated
- Strong first-half growth for GulfNav
- Migrant Watch: US/Caribbean
- Takeover panel to assess ICG impass
- Wilh Wilhelmsen repeats warning
- Genmar stock slips on weaker profit
- 'Rigged' CG hearings defended
- MHI liable in lung disease case
- Another jolt for Stolt
- NZ super-port talks finally ended
- HMM secures Vietnam venture
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| AUGUST 1, 2007 |
- Hong Kong will test U.S. box scanning
Modern Terminals will scan U.S.-bound containers as part of Hong Kong's limited participation in the Secure Freight Initiative anti-terror program.
- Judge puts ILA depositions on hold
- Bush threatens water bill veto
- Grand Alliance lines agree to 10-year extension
- Maersk Line delays Australia peak surcharge
- British Airways fined for cargo price-fixing
- Customs Update: FDA and food imports
- NAFTA trade climbs
- Holmes to head UPS Freight
- Adesta gets Long Beach port security contract
- India, Pakistan officials agree to boost trade
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| AUGUST 1, 2007 |
- No 10-year-itch for Grand Alliance partners
- Japanese carriers report sound first quarter
- ICG stand-off prompts cry for help
- President’s signature of ‘100% scanning bill’ expected any day
- Port of Montreal box cargo surges
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| AUGUST 1, 2007 |
- Rates raise D’Amico
Italian product tanker specialist sees second-quarter net income balloon as rates leap 20%.
- Box chaos predicted
New US rules requiring all in-bound containers to be scanned could cause major headache for overseas terminals.
- USCG lauds shipping
Report card for 2006: fewer detentions, flag-state performance up but class down.
- Cost-cutting pays at Essar
Profit rises as voyage expenses fall at Indian tanker owner in first quarter.
- Wrist takeover cleared
Nordic fund Altor free to buy Danish bunker and ship supply group after EU green light.
- Limbe on track
New Cameroon shipyard more than 60% complete after huge breakwater finished.
- Atlantska’s pockets bulging
Croatian bulker owner builds first half earnings on higher revenues and ship sale.
- Narrow squeak for car carrier
Wallem-managed Tigris Leader towed to safety one mile from rocky shore after losing power off South Africa.
- Wartsila adds power
Finnish engine giant snaps up Scottish company Electrical Power Engineering with US foothold.
- Tanjung takes AHTS
Malaysian owner Tanjung Offshore Berhad pays $13m for resale unit nearing completion.
- Illahee springs a leak
Washington state’s 80-year-old ferry out of action with cracked stern tube.
- Horizon juggles notes
US liner player’s new $300m issue of debt to fund buy-back of shares and existing notes due 2012 and 2013.
- Wilhelmsen needs more ships
First half profit for Norwegian car carrier group could have been better if it had bigger capacity, thereby avoiding high charter costs.
- Four score for CSAV
Chilean liner company gets nod from board to order 12,000-teu quartet for $640m.
- TMM cuts losses
Mexican tanker owner heading in right direction in first half, but finance expenses still dragging it down.
- Realty bites at MPC
German fund manager sees second-quarter profit fall as attractive real estate options dry up.
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| AUGUST 1, 2007 |
- Grand Alliance partners agree on another 10 years marriage
- Wilh. Wilhelmsen’s 2nd-quarter profit up 28%
- Horizon Lines to offer $300 million of convertible senior notes
- COSCO names first 10,000-TEU ship
- ESPMC-WITASS increasing Puerto Cabello congestion charge
- Horizon matches Matson fuel surcharge increase to Hawaii, Guam
- Matson adds mobile crane to enhance Maui service
- New shipping group targets environment
- U.K. fines British Airways £121.5 million for price-fixing
- UAL promotes Philip
- Plane Handling promotions
- Metalforming groups asks ITC to dump duties on steel from 11 countries
- EGL shareholders agree to Apollo/CEVA takeover
- Soybean shippers applaud U.S., Canada approvals of new Roundup seed
- China's electronic products trade up nearly 22% since January
- Smith appointed acting APHIS administrator
- Chinese manufacturer picks Saddle Creek for U.S. logistics
- OH Logistics gives Heller new role
- DHS appoints two
- SEKO makes Sarna CFO
- Secure Freight Initiative expands to Hong Kong
- Virginia ports’ rail volume up 4.6 percent this year
- Grain terminal strike costing Mumbai port
- Cardamone promoted to Long Beach port construction chief
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| AUGUST 1, 2007 |
- "Norden" logs a gigantic profit on sale of bulkcarrier
D/S "Norden" have advised a gigantic profit on the sale of one panamax bulkcarrier. In a statement to the ...
- APM Terminals adds another African terminal
APM Terminals in the A.P. Møller-Mærsk Group has signed on with the government of Angola for operation of the ...
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| AUGUST 1, 2007 |
- SECA compliance could be 'minimal', industry says
Despite expectations of early compliance, port state control supported for North Sea fuel restrictions.
- Crude hits new record after US stock draw
Initial reaction to bullish DOE figures sends crude to new high.
- New trader at South African company
Appointment will 'help us become one of the strongest regional players' says bunker trading company's head.
- Bunker prices cloud outlook for Wilh. Wilhelmsen
Company reports strong demand and profitability, but expects bunker prices to dent 2007 result.
- Singapore prices rebound
Residual bunker product climbing again as fuel oil breaks $400 pmt.
- IFO finally available in Bulgaria
Years of effort allows supplier to offer IFO in Bulgarian ports.
- O.W. Bunker sale given offical clearance
European Commission allows takeover by private equity firm.
- New trader at O.W. Bunker
A new trader has joined the World Wide Trading department in Denmark.
- Rotterdam market remains stable
- Titan's Chinese yard launches first bunker tanker
The double-hulled vessel looks set for deployment in Singapore.
- Mumbai 380 cst duty-free product in sight
Key grade bunker material should be available on a regular basis by early September.
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