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| OCTOBER 3, 2007 |
Shipping News
- Asian Aframax rates hit 18-month low
Asian rates for tankers that can carry 80,000 tonnes of oil dropped to the lowest in 18 months on a lack of fuel oil cargoes from the Middle East and holidays in China and India.
- Yacht buyers' flight of fancy
Massimo Vilardi, an executive with Eurocopter, came to this year's Monaco yacht show to sell helicopters.
Strait Talk
- When the poor subsidise the rich
REPRESENTATIVES at the International Bargaining Forum (IBF) meeting in London last week agreed on a pay and conditions deal for open registry vessels covered by the forum. The official statement put out at the the end said: 'The delegates reported that it had been a particularly difficult and challenging series of meetings, starting in Sydney in May and proceeding via Tokyo and Pusan to end in London.'
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| OCTOBER 3, 2007 |
- CSCL said to have launched extra loop on China-Europe run
- Ningbo empty container exports surge in first eight months
- Chongqing commences work on Cuntan Container Terminal's 2nd phase
- ICTSI joins Forbes Asia magazine's 'Best Under a Billion' list
- Longshoreman's death closed Port of Oakland
- Panama Canal invites bids for expansion's second dry excavation
- European Investment Bank renews its transport lending policy
- China Southern Airlines to launch Guangzhou-Vientiane service
- Xiamen Airlines launches Hangzhou-Fuzhou-Singapore service
- FedEx opens Gold Coast facility to expand in south Pacific
- Kuehne + Nagel opens in Kaliningrad, Moscow's Domodedovo airport
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| OCTOBER 3, 2007 |
- MSC deploys larger ships on Jade service
- CKYH Alliance to call at Prince Rupert Port on PNW Butterfly service
- NOL shipmanager wins top award
- IMO to list ship-recycling rules in 2008
- CNOOC, Cosco team up on energy resources, shipbuilding
- Guangxi Qinzhou port cargo volume surges by 76 pc
- NYK affiliate develops device to clean diesel engine exhaust
- Bigger the ships, more the containers carried & less the pollution-study
- Shipping groups challenge EU pollution law
- London is world's top maritime spot-IFSL
- SCI now plans to become world class shipbuilder
- DCI declares 150 pc dividend
- OFII CEO throws spotlight on investment climate in US
- Auto parts exporters to insert currency fluctuation clause in contracts
- Tuna exports take whale of a leap
- Scope to boost business with Greece seen
- JNPT gets Indira Gandhi Raj Bhasha Award
- DP World'sContainer Rail Road Services to roll on Mundra-ICD-Dadri track this Friday
- Ex-im community familiarised with VCT's world class facilities
- Logistics players eye lucrative pie in sky
- Pune Customs to operationalise EDI link at ICD-Dighi by December
- Sensex crossed the 17,000-mark
- Chidambaram rekindles exporters' hopes
- Synthetic textiles buck the rupee factor
- Forex reserves swell by $ 3.7 bn
- New scheme to reimburse state taxes to exporters awaits Cabinet nod
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| OCTOBER 2, 2007 |
- CMA CGM selects new branch manager for Stuttgart
- Senator Line uses extra loader from Asia to Middle East
- Cathay Pacific: no slice of China Eastern for the time being
- Kuehne+Nagel supports Aero Inventory's expansion
- FMCSA to track Mexican trucks with satellite systems
- EXPOTRADE-Bloque AIPPYC conference in Buenos Aires
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| OCTOBER 2, 2007 |
- Fredriksen exits Dockwise
- Canadian drill injuries
- Star Cruises to sell SuperStar Gemini
- Tidewater blasted for accounting practices
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| OCTOBER 2, 2007 |
- Bush submits IMO anti-terrorism protocols to Senate
- SEC raps Tidewater and its CFO
- First orders for MAN Diesel 50ME-B series
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| OCTOBER 2, 2007 |
- Intercargo issues Panama with standards warning
INTERCARGO report on bulk carrier benchmarking reveals Panamanian flag as having more losses than any other.
- Panama takes urgent measures
- China to unveil new vessel funding scheme
NEW rules about unfinished ship mortgages will provide financing option for smaller private yards.
- Salvesen recommends takeover bid from GND
UK logistics operator is recommending a £254m takeover bid from French transport firm.
- Smaller engines show their might
LOWER emission and fuel consumption levels are some of the advantages of more efficient marine propulsion systems.
- Radiating good sense
THE US law that proposes 100% scanning of all inbound containers is getting more flak.
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| OCTOBER 2, 2007 |
- Another big payout for Fredriksen
Frontline's sale of its stake in Dockwise has netted it $157M, which will be given to shareholders in an extraordinary dividend
- Sleaze sinks Jadeport tender
GOVERNMENT and opposition parties in Lower Saxony have ordered a special audit into the construction tender for the planned 2.7M TEU JadeWeserPort at Wilhelmshaven
- CTI seizes CNAN subsidiary
CTI GROUP of Jordan has snatched control of International Bulk Carrier, a wholly owned subsidiary of Companie Nationale Algerienne de Navigation
- Safety management blamed for hijack
A DANISH union says lax safety procedures led to three Danish seamen being taken hostage by Somali pirates, and is claiming $1.8M compensation from the ship's owner
- Jurong to build yard in Brazil
JURONG Shipyard has set up a joint venture to build a new shipyard at Rio Grande, in the far south of Brazil
- Box trade beats scrap in port shift
- Gujarat: the next shipyard giant?
- Arab PE firm buys Gulf Marine
- Suisse puts $1bn into Vinashin
- Bunker demand fuels joint venture
- Exercise accident mystery deepens
- Swiber gains from sale & leaseback
- SEC slaps Tidewater's wrist
- Strike goes ahead at Auckland
- Frontline out as Dockwise lists
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| OCTOBER 2, 2007 |
- Industry concerned whether new port terminal owners will invest in upgrades
Industry wonders whether buyers of U.S. terminals will make necessary spending to handle increasing cargo traffic.
- Chertoff criticized by Thompson over TWIC delays
- Torrijos boosts Panama plan
- U.S. unveils program for India high-tech exports
- Homeland Security contracts for new radiation detectors
- Court stays decision on truckers' driving hours
- Bush asks Senate to ratify IMO anti-terror treaties
- Panama Canal tops marks
- Judge tosses NVO claims
- Fuel fee hike for Northwest
- UPS offers paperless international shipping invoice
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| OCTOBER 2, 2007 |
- Dedicated wine division reduces carbon emissions
- Los Angeles and Long Beach play for time over clean trucks plan
- Chinese exports rise 28% in first eight months
- Indian port workers win retirement battle
- ICG impasse continues as Carroll's stake reaches 25%
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| OCTOBER 2, 2007 |
- Bush pushes SUA protocol
US president asks the Senate to ratify International Maritime Organization protocols on terrorism against ships and platforms.
- Canal sets cargo record
The Panama Canal closed the book on the fiscal year with 300 million tonnes in cargo passing through its waters.
- Justices nix Carnival case
The US Supreme Court declines to hear a case against Carnival Corp over alleged malpractice by a cruise physician.
- Half of Attica sold
Marfin Investment Group has reportedly purchased half of Greek ferry owner Attica Group.
- Bergsland sets record straight
JB Ugland will not sell off its fleet or be floated on the Oslo stock exchange its managing director has stressed.
- LNG worries blow up
Nordic shipowners alarmed by threat that hazardous cargo convention may be abandoned or revised.
- Shareholders get cash
As Frontline sells its shares in Dockwise, its board decides to shell out a $1.75 dividend.
- Carroll takes the lead
Property magnate becomes ICG's largest shareholder as he ups stake to 25.3%.
- Early delivery lifts Genco
Shipping analysts increase Genco Shipping and Trading's earnings forecast after the New York bulker owner takes early delivery of the Genco London.
- Fisher tools up
UK tanker and marine services group buys Aberdeen oil extraction equipment business Pumptools.
- In suit, Tiger not precious
Precious Shipping takes on Sunwoo Merchant Marine, through charterer Tiger International Line, in a lawsuit for a cool $8.5m.
- Ugland taking stock
Norway's JB Ugland Holding is considering whether to float or sell its ships, press reports claim.
- Bunker player adds tanker
Russia's Tranzit DV snaps up 1982-built ship for operations in Kamchatka.
- Reach for the stars
Asia Pacific cruise owner hints at further departures following completion of sale and charter back deal.
- Ship faces Finnish slick questions
Police in Turku to question captain and chief engineer of Germany vessel after oil spill reportedly spotted.
- Transatlantic firms up options
Swedish owner doubles anchor-handler order at Astilleros Zamakona in Spain.
- Vitaco to float
Another Vietnamese tanker company sets sail for Ho Chi Minh stock exchange.
- Fredriksen sells Dockwise
Frontline has sold its share in heavy-lift giant before it completes its first full day of trading.
- Pickets create $100m jam
Striking Kiwi workers create major hold-up for Ports of Auckland.
- Transfennica heads to Spain
New ro-ro service launched from Belgium to Bilbao with chartered-in vessel.
- Navy pays for VLCC collision
US to compensate K Line for clash involving submarine and tanker in the Arabian Sea.
- Ferry captain stumped by injuries
Master of Leif Ericson remained unaware for some time of passengers taken ill during evacuation exercise.
- Sembcorp back in Brazil
Singapore shipbuilder forms joint venture to operate second shipyard for South American offshore sector.
- No worries for tankers
Ships warned away from volcanic eruption on Yemen island, but oil shipments unaffected.
- Alaska ferry rescues boater
Chenega picks up stranded man in Prince William Sound.
- Philippine ferry grounds
Crew and passengers safe as SRN Fastcrafts vessel stuck in mud after storm off Iloilo.
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| OCTOBER 2, 2007 |
- Ship order secrecy could tip supply and demand balance, says analyst
- NYK president: Subprime mortgage crisis shows global economies' frailty
- Drewry: Increasing shift to containers driving reefer growth
- Malaysian shipping company buys out stake in dry bulk carrier
- Höegh Autoliners lengthening 12 car carriers
- Yang Ming selects Ho as president, COO
- Yemen volcano eruption not affecting oil shipping
- American Commercial Lines buys Elliott Bay Design
- IATA: Airlines claw back market share from other transport modes
- Continental's cargo falls 4% in September
- Küchler gets 5 more years on Lufthansa Systems executive board
- Kansas City Southern promotes executives
- U.S. Commerce Vietnam antidumping investigation nearing a close
- BIS finalizes inclusion of India under VEU rule
- Starbucks, Pepsi in talks to bring coffee products to India
- DHS seeks long-range radiation detector
- Storm in South China halts Hainan shipping and rail
- Former U.S. homeland security secretary starts consultancy
- FMC: Intermediaries must obtain bonds sooner
- JF Hillebrand launches bulk wine division
- Bender adds international services division
- Phoenix International expands Miami office scope
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| OCTOBER 2, 2007 |
- Clipper buys another cruise vessel
Danish Clipper Group has added another cruise vessel to its owned fleet. The latest purchase is the Superstar Gemini, which was sold by Star Cruises. Superstar Gemini, built 1992, remains on bareboatcharter to Star Cruises at least until December 2008 ...
- 100 container giants ordered in five months
In the last five months 100 very large container ships with a capacity of 12,500 to 13,500 TEU has been ordered, according to AXS-Alphaliner. All these vessels are on order in Korea and will be delivered in 2010 to ...
- Dockwise ready or full OSE listing
Norwegian controlled, but Dutch operated heavylift expert Dockwise is ready for a full listing on the Oslo Stock Exchange (OSE). In the process the company aim to issue 18.4 million new shares at NOK 25.00 per share. Tuesday ...
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| OCTOBER 2, 2007 |
- California plans two-step distillate fuel implementation
Phased introduction of main engine requirements, now extending to boilers.
- New energy heavyweight formed in Norway
Name change has come into effect for Norwegian oil company, including bunkering department.
- Another peak for Aegean
Analysts think company stands to benefit from 2008 phasing out of single-hull bunker tankers.
- Russian cuts still felt at Tallinn
Exports through Estonia's main oil port up from August but down year-on-year.
- Engine upgrade promises fuel savings
Wärtsilä says new version of ship's engine gives more power with less fuel.
- Rotterdam market quiet this morning
- Refinery suspension squeezes supply
Players say Nippon Oil idling its damaged Negishi unit at least 40 days for repairs.
- EMSA urges EU states to get neighbourly
'Further work' needed to establish cooperation regarding ship pollution and maritime accidents.
- Saudi Aramco resumes 180 cst bunker sales
380 cst fuel will no longer be sold at the ports of Dammam, Ras Tanura and Jubail.
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