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| MAY 3, 2007 |
Shipping News
- Decline in piracy incidents in Asia in Q1: report
THE number of piracy incidents in Asia has fallen significantly compared with a year ago, according to the first quarterly report of the newly established ReCAAP anti-piracy Information Sharing Centre .
- Royal Caribbean Q1 gain dives
ROYAL Caribbean Cruises, the world's second-largest cruiseship operator, reported first-quarter profit that fell more than analysts estimated on lower demand in the Caribbean and the purchase of a Spanish company.
- LA port tightens security, emissions policy
THE port of Los Angeles in southern California is tightening its ship emission policy and boosting maritime security, the port's executive director said in an interview on Tuesday.
- US needs more port capacity: Gutierrez
- Newcastle cuts coal shipping quotas to ease congestion
- Shenzhen port workers on strike
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| MAY 3, 2007 |
- Evergreen, Cosco offer peak season Straits-Red Sea service
- Ports of Seattle and Dalian sign friendship accord
- Philippines customs to introduce container scanners
- Vietnam shipyard builds US$5m Danish containership for river service
- Agility gains new president and CEO of GIL unit
- TNT named Asia's best road haulier for third year
- Growth in global freight forwarding industry declines in 2006
- China Southern hosts SkyTeam meeting in full membership bid
- MASkargo looks to increase MAS earnings in 2007
- Volga-Dnepr revenue up 55pc to US$725m profit in 2006
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| MAY 3, 2007 |
- GDL posts steady increase in gross income & net profits
- 4 global investors angling for 40 pc stake in Pipavav Shipyard
- Sea freight costs for dry bulk commodities nudging all-time records again
- SKS Logistics registers robust 38 pc Q4 increase in topline growth
- Vini Container Lines awarded coveted ISO 9001:2000 certification
- Seaways transports fert. cargo via coastal route from Paradip to Chennai
- K Line unveils Asia-ECSA service
- Maersk Line optimises North America inland services
- OOCL wins CIFFA Forwarder's Choice Award
- Kuehne + Nagel Q1 net profit soars by 28 pc
- PSA, NYK & K Line to operate 1st JV car terminal in Singapore
- OOIL orders five boxships from Samsung
- TSA review shows shipping lines bracing for record peak season
- APL charters five 7,000-TEU ships for transpacific trade
- Hanjin signs deal with Danaos to charter 5 new containerships
- GGL launches direct LCL service from Singapore to Busan
- Eitzen Chemicals orders 2+2
- CIMC named top corporate governance performer
- WTSA to hike rates for Asia-bound wastepaper
- King of fruit makes regal re-entry into US
- Railways plan to cement pact for dedicated cargo platforms
- Special boxes to transport cars on drawing board
- Lok Sabha passes Railway Budget
- IATA survey sees airlines continuing to fly into profits
- Rlys to announce haulage charges for smaller double-stack containers
- India joins trillion-$ club
- 20 hubs may dot Delhi-Mumbai industrial corridor
- RBI to ensure parallel financial, real sectors' growth-Y. V. Reddy
- $ 48 m Exim Bank loan for Sudan
- PSTS Group draws up Rs 50-cr. expansion plan
- AMTOI celebrates its annual day in grand style
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| MAY 2, 2007 |
- Whistleblower loses appeal
- ICAP buys JE Hyde
- Jones Act fleet "strong and vibrant"
- Europe talks about maritime policy
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| MAY 2, 2007 |
- Arrests in marine hose price-fixing case
- China Shipping enters newbuilding market
- Chiquita Brands in fleet sale and leaseback deal
- Seadrill orders another deepwater semi
- Justice subpoenas OSG vessel documents
- Heerema releases more details on $1 billion crane ship
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| MAY 2, 2007 |
- Puyallup Tribe teams with SSA to build private container terminal
- Bellingham port board Oks new lease for startup airline
- Coast Guardsmen eating well at Yaquina Bay dining facility
- Boeing marks 40 years at company's Everett site
- US steel imports jump 12 percent during February
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| MAY 2, 2007 |
- Rina makes fresh plea for immunity
CLASSIFICATION society again attempts to extricate itself from the Erika trial.
- Erika court rules against Rina bid for immunity
- Middleton calls for more muscle
FLAWS surrounding Napoli salvage operation forces UK Sosrep to ask for extra powers to cover cargo owners.
- ICAP swoops for JE Hyde
ICAP, which claims to be the world's biggest inter-dealer brokerage has bought shipbroker JE Hyde for an undisclosed sum.
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| MAY 2, 2007 |
- Great White Fleet is sold
CINCINNATI 02 May ' Chiquita has signed a definitive agreement to sell its 12-vessel Great White Fleet to Eastwind Maritime and NYKLauritzenCool for $227M
- London broker JE Hyde snapped up
LONDON shipbroker JE Hyde has been acquired by ICAP, the voice and electronic interdealer broker
- Migrant Watch: US/Caribbean
US Coast Guards intercepted a total of 704 Haitian migrants attempting to enter the US illegally in the month of April, with almost half of them rescued and repatriated last week
- Jamaica LNG scheme shifts offshore
JAMAICA has announced new plans to develop a floating LNG terminal off Port Esquivel on its southern coast
- GenMar still in buying mood
GENERAL Maritime continues to eye possible strategic acquisitions, while reporting lower quarterly results attributed to a smaller fleet and decreased rates
- Burgeoning orders boost Cosco Corp
BURGEONING orders of high-value offshore marine engineering projects has boosted turnover and profits for Singapore listed Cosco Corp
- OSG in magic pipe sequel
- Commerce secretary favours free trade
- Engineer pleads guilty to dumping
- Keppel O&M profit soars
- German yards hit by strike warning
- BC Ferries' mis-Adventure
- Ports recruited to Annev VI debate
- Wilhelmsen, 'K' Line join stevedore group
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| MAY 2, 2007 |
- Carriers raise Panama Canal charges
Lines of the Westbound Transpacific Stabilization Agreement to increase charges as of June 1.
- Mining CEO: Dredging crisis hurts Greats Lakes shipping
- Chiquita sells fleet
- CMA CGM to start Asia-North Africa service
- Commerce Secretary urges funding for navigation mapping
- NWA Cargo sets fee for non-Web bookings
- Mango shipment heralds U.S.-India trade agreement
- i2 software sales down
- Rotterdam rail link to open in June
- Cochin port hiking charges
- ANA leases freighters
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| MAY 2, 2007 |
- DPW IPO on the cards again
- CKYH EMX link to launch in May
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| MAY 2, 2007 |
- Holding steady
Two US analysts unruffled by Genmar's first-quarter earnings miss, but say no big acquisition appears imminent.
- Jacobsen takes Green seat
Norwegian owner Green Reefers appoints CFO Trym Jacobsen as successor to managing director Erik Thulin.
- Samsung invests in India
Korean shipbuilder setting up design facility in Delhi to employ 150 engineers by 2010.
- Campbell in at Clarksons
Koch man will take over in June from Jeremy Poyntz as head of UK broker's dry cargo division.
- Rigs lift SembCorp
Singapore shipyard sees first-quarter profit and revenues go through the roof on strong rig-building activity.
- MPC shipshape
German finance house sees marked upturn in shipping projects contribute to doubling of first-quarter profit.
- WW, K Line snap up Aussie assets
Norwegian and Japanese owners team with Kaplan Funds to buy into DP World's port operations.
- Mipo wins chemical quintet
Unnamed European owner signs for five chemical carriers at Hyundai Mipo in deal worth $245m.
- Maersk revamps
Two more direct calls added to Oceania to Americas service.
- Hyde swallowed by Icap
Financial broker buys up London-based shipbroker and FFA joint-venture partner.
- Workers walk out at Chiwan
Sit-in and strike over overtime causes delay at busy Chinese container terminal.
- Piracy falls by a third
Anti-piracy watchdog says there were only 41 incidents reported in the first quarter of 2007.
- Seadrill makes it three
John Fredriksen-controlled owner orders another ultra-deepwater rig at Jurong in Singapore.
- TTA ditches supply ship
Thai owner's subsidiary Darium to be liquidated after selling last vessel.
- Chiquita sells fleet
Eastwind Maritime and NYKLauritzenCool in sale and lease back deal for banana giant's twelve ship fleet.
- Norden offloads tonnage
Danish owner in double handymax sale and charter back deal as it exits aframax ownership.
- Norton jumps to Jefferies
Veteran shipping investment banker Hamish Norton bolts Bear Stearns to replace John Sinders at rival Jefferies.
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| MAY 2, 2007 |
- Maersk adjusting Oceania/Americas service
- Chiquita selling reefer ships to Eastwind, NYKLauritzenCool
- ABS's Somerville: Class societies 'not an adversary but an ally'
- SCI commissions four ships to meet India container trade demands
- U.S. government to resume sales from James River "ghost fleet"
- MarAd signs agreement with Hapag-Lloyd
- ESPMC-WITASS increasing bunker surcharges
- K-Sea reports improved results
- Seaspan gains $13.4 million from overallotment
- Continental's April cargo down 3.9%
- U.S., EU sign historic aviation pact
- Delta leaves bankruptcy
- Canada, Ireland sign open skies agreement
- DOT cross-border program faces delay, changes
- Chamber calls for IPR protection momentum to continue
- Indian mangoes officially arrive on U.S. shores
- Logistics official: China/Kazakhstan trade to more than double by 2009
- China puts heat on St. Lucia
- Agility opens San Diego office
- 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
- Summit Global Logistics names Huang to lead Asia Pacific region
- Broom joins Woodland
- Arpin International Group promotes Francis
- Vancouver to raise bar for drayage fleet
- DP World mulling $2 billion partial float
- Highway collapse could impact Oakland port traffic
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| MAY 2, 2007 |
- IMO safety meeting in Copenhagen
Denmark and Copenhagen will be the centre for the next meeting in IMO' Maritime Safety Committee (MSC). It will take ...
- Mitropoulos and Dimas converge on environmental challenges
IMO Secretary-general Mitropoulos and the European Commissioner for Environment, mr Dimas, agreed on a common approach to ensure global ...
- Gard will not raise the Bourbon Dolphin
Norwegian mutual marine insurer Gard has decided against raising the anchor handling tug supply (AHTS) vessel Bourbon Dolphin, which sank ...
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| MAY 2, 2007 |
- Cruise line predicts higher bunker prices
Royal Caribbean revising cost guidance higher as fuel prices rise.
- 'Dispute' hits fuel oil market
Russian oil firms re-routing fuel oil exports away from Estonia.
- Promotion at Scandinavian Bunkering
Trader steps up to managing role.
- Reform 'unlikely' in South African market
Players hoping to avoid a repeat of last year's shortages as refinery prepares for downtime.
- Lower bunker costs boost Samudera
Asian owner predicts continued pressure on container freight rates and volatile bunker prices.
- No firm plans for bunker removal
Greek authorities have yet to approve strategy for removal of oil from sunken cruise ship.
- Bunker spill in Antarctic could take 'years' to clean up
British delegation to Antartic Treaty talks says January spill was 'wake up' call.
- Industry must exploit 'window of opportunity'
BP Marine's Don Gregory says the chance to influence IMO regulation could soon be gone.
- Falling crude gives some bunker relief
Oil prices down as marine fuel numbers pause from bullish trend.
- 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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