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| OCTOBER 2, 2007 |
Shipping News
- S'pore shipping trusts worth another look
INVESTORS have so far given Singapore's fledgling shipping trust sector a miss, but that may change as new trusts float shares and existing players grow their fleets through acquisitions.
- Cost of shipping crude drops as China holidays
The cost of shipping Middle East crude to Asia, the world's biggest market for supertankers, may fall for a third day because public holidays in China are curbing demand amid a glut of vessels competing for cargoes.
- Oil shipments not affected by volcanic eruption off Yemen
Shipments of around three million barrels of oil per day through the southern entrance to the Red Sea were unaffected by a volcanic eruption on an island off Yemen, Yemen coastguard and shipping sources said yesterday.
- Hyundai Heavy bags US$54m Iran job
- Great Lake ships cut loads as water levels hit new low
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| OCTOBER 2, 2007 |
- China Merchants Holdings becomes mainland's top terminal operator
- Suzhou merges bonded logistics park and export processing zone
- Yingkou to invest US$1.86 billion in port construction
- Lianyungang port to offer new liner service to Korea
- Yancheng to be a YRD container feeder port
- Zhejiang export value surges 47 pc in July
- Liaoning foreign trade value up 29 pc in first seven months
- STX Pan Ocean provides China Straits India service from October 15
- NYK improves device for removing soot from exhaust
- CSAV joins OceanSchedules.com to list its voyages
- Hubei Luoyang Development Zone to add two logistics centres
- Qantas to provide flight training for Nippon Cargo pilots
- Volga-Dnepr's new IL-76 flies 39-ton cargo from Finland to US
- Hunan builds mega logistics park
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| OCTOBER 1, 2007 |
- SVS selects new managing director
- DFDS plans expansion
- United to offer new San Francisco-China flight
- Ukraine: Crimea plans bridge to Russia
- Geodis acquiring Rohde & Liesenfeld
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| OCTOBER 1, 2007 |
- Shipping "should care about mental health"
- Golden Ocean sells newbuilding for US$145m
- Precious aims for long term charters
- Essar orders six supramaxes
- Deep Sea's revenue still rising
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| OCTOBER 1, 2007 |
- SembCorp Marine in new Brazil yard venture
- Rolls-Royce acquires Seaworthy Systems
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| OCTOBER 1, 2007 |
- TOTE enters into new lease for expanded Port of Tacoma facility
- Crowley Maritime upgrading ships in Caribbean islands service
- Satellite tracking system planned for US/Mexico trucking project
- Two new commissioners named to Portland port board
- Trade between NAFTA partners rises during month of July
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| OCTOBER 1, 2007 |
- Tory tax plans will hit foreign shipping community
PLANS to tax non-domiciled people who reside in the UK will affect overseas shipping community in the City of London.
- May praises benefits of tonnage tax
- Dockwise launches private offering ahead of listing
HEAVY-lift group's private placement could raise NKr1.33bn in conjunction with move to the full Oslo Stock Exchange.
- Seaspan sets sights on number one slot
CANADIAN shipowner aims to be the world's largest provider of containership tonnage.
- The changing landscape of global stevedoring
THE challenges of employment, the unions and technology are global stevedoring concerns straddling the world's ports.
- Wise words on waste
THE handling and treatment of ship-generated waste has become over-complicated, confusing and dangerous for crews.
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| OCTOBER 1, 2007 |
- CO2 concern over top SOx scrubber
BP subsidiary Krystallon has won another award for its engine exhaust sulphur scrubber, but a new study suggests it also has an environmental downside
- Exercise accident mystery deepens
MARINE Atlantic denies that any problems with its lifeboat were responsible for 21 people being sickened in last week's mock-disaster exercise off Newfoundland
- Hopes grow for West Coast shortsea
TALK last week of a Horizon Lines-operated shortsea system on the US East Coast has invigorated one West Coast port executive to pursue a similar path in the Pacific
- Clipper buys Superstar Gemini
STAR Cruises has confirmed the sale of its Superstar Gemini, with the Clipper Group emerging as the buyer
- India frees hostage crew
AFTER three months of confinement in a hotel in Mangalore, all 21 sailors of the ill-fated Denden have left India for their home country
- US ethanol boom deflating
THE frantic growth in US-based ethanol refineries has created a glut of the corn-derived biofuel, causing pricing to plunge 30% over the past four months
- Gadani dances on Alang's grave
- Conti sweeps into dry bulk
- Casino ship sold to pay taxes
- Qatar expands at Mesaieed
- Delhi urged to renew yard subsidy
- China stops Canadian chicken run
- Genmar admits Puerto Rico spill
- New box terminal opens in China
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| OCTOBER 1, 2007 |
- APM Terminals opens new container facility at China's Guangzhou port
Southern Port of Guangzhou (left) welcomes new terminal with annual box capacity of 4.2 million TEUs.
- U.S. economic growth slows but exports accelerate
- New bonding rule for OTIs
- Pact for UPS, Teamsters
- Eruption doesn't disrupt Suez shipping
- Four ports join CSI
- Customs Update: Shipment data
- Rider to succeed Smith at Seamens' Church Institute
- Japan mail goes private
- German rail strike could hit box ports
- Titan tabs European director
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| OCTOBER 1, 2007 |
- Auckland facing two-day strike
- Cobelfret buys stake in Ge-eX Logistics
- EACL introduces VDS at Dar-es-Salaam
- Port of Le Havre containers up 25% in first eight months
- Cape Town can expand
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| OCTOBER 1, 2007 |
- Weaver LNG faces hurdle
Massachusetts LNG terminal faces obstacle in US Congress as lawmakers try to protect river.
- Superior low
Greatest of Great Lakes sees a record-low water level, with cargo carriers feeling the pinch.
- Cargoship sinks
Fourteen missing after Cebu-based cargoship capsizes in the Philippines.
- SEC faults Tidewater
US securities regulators order the New Orleans offshore vessel owner to stop violating federal law by keeping out-of-service vessels on its fleet list.
- Allard cruising ahead
All Leisure Holidays London listing brings profitable first day for its chairman.
- Genmar tied to spill
The Genmar Progress becomes the focus of an investigation into a 10,000-gallon oil spill off Puerto Rico's coast.
- Excel gets a raise
New York shipping analysts raise Excel Maritime Carriers' target price by nearly 31%.
- Dockwise ditches the debt
Norwegian heavy-lift specialist launches private placement to clear the decks ahead of tomorrow's full listing.
- Ling living the high-life
Malaysia's HUBLine is set to assume complete control of compatriot Highline in a $31.3m deal announced today.
- More power to Chernomorsky
Court battles end up with Ukrainian yard's supervisory board having power to hire and fire.
- North meets South
Korean leaders will discuss scheme to increase shipbuilding capacity and reduce costs.
- Ice cold killing
Crew member stabbed onboard Antarctic research ship following reported late-night binge.
- RG refinances
Finnish ferry line paying up old loans thanks to guarantees from local council.
- Ocean is golden for Fredriksen
Oslo-listed company sells capesize newbuilding for a record $145m.
- Gujarat gets busy
Jindal Shipyard the latest to propose new shipbuilding and marine technology plant in Indian state.
- Scandlines revives Thjelvar
Laid-up Gotland ferry to be used by Baltic group for Denmark to Germany run.
- Odfjell takes on Bow Santos
Norwegian owner buys chemical tanker it has chartered since delivery in 2004.
- Gulf Capital secures GMS
Middle East investor and partners take 100% control of Adu Dhabi supply ship player.
- BRS names Geneva team
French shipbroking group hopes to bring a little joie de vivre to Switzerland's second city.
- Pensioner lost at sea
A woman has died after falling from a P&O Cruises ship as it returned to Southampton.
- Vinashin inks funding deal
Credit Suisse to help Vietnamese develop $1bn financing program plus other financial services.
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| OCTOBER 1, 2007 |
- Panama president to address AAPA conference
- Crowley vessel management unit building record tug-barges
- UPS agrees on major labor deal, union chief rips FedEx
- British Airways orders to boost cargo capacity
- EVA to end passenger service to Paris, start all-cargo service
- Shippers await benefits of pending U.S. free trade deals
- Saddle Creek to run Miss. cross-dock facility for Sam's Club
- Geodis buying network partner R&L
- PRD container terminal officially opens four berths
- Tacoma to build TOTE expanded terminal by 2011
- Panama Canal request bids for next excavation round
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| OCTOBER 1, 2007 |
- J.B. Ugland Holding pondering listing
J.B. Ugland Holding, controlled by Johan Benad Ugland, is at a crossroads, and the company is pondering whether to be listed on the Oslo Stock Exchange (OSE), to sell the fleet or getting new partners in with the Grimstad based ...
- Estonian parliament says no to new Estonia commission
The Estonian parliament does not support the opposition's proposition to set up a new commission to investigate what caused the sinking of the Estonia. The vice president of the last commission, Evelyn Sepp, motivated the proposal with statements from earlier ...
- Forth Ports interested in Finnish container terminal
Forth Ports Plc, which owns and operates seven commercial ports in the U.K., is aiming at ownership in Hamina Multimodal Terminals ky in the port of Hamina, Finland. Hamina Multimodal Terminals is presently a subsidiary to Port of Hamina Ltd ...
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| OCTOBER 1, 2007 |
- Northwest ports emissions meeting postponed
- Bunkering on agenda in Gibraltar election
Reports of spill coincide with election pledges to bring bunker storage ashore.
- New cargo offered by ExxonMobil
Keen competition expected for Middle East cargo amid shortfall in Iranian supply.
- Cockett Marine boosts Asian presence
Korea an 'important hub in fast-growing Far East market'.
- Rotterdam market tight
- Nippon Oil suspends Negishi bunker supply
Firming prices and tight supply expected, especially if unit stays idle for long.
- Emissions must be tackled 'only through IMO'
BIMCO president warns against 'derailing global trading system' with impossible environmental restrictions.
- Santos cut worsens supply tightness
Shipping source warns against relying on prompt supply at Brazil's leading bunkering port.
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