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| JANUARY 4, 2007 |
Shipping News
- Shipping lines raise 2006 capacity 14%, fastest in 6 years
AP Moller-Maersk and 407 shipping lines increased their capacity to move containers 14 per cent in 2006, the fastest pace in six years, as trade expanded, data from Containerisation International showed.
- Greek ship owners spend record US$14b
SHIPOWNERS in Greece, the biggest ship-operating nation, placed a record US$14.3 billion of orders in 2006 amid optimism about the outlook for freight rates, especially for dry bulk, broker George Moundreas & Co said.
- Hyundai Heavy expects record sales but orders to decline
HYUNDAI Heavy Industries, the world's largest shipyard, expects sales to rise to a record this year as it builds more vessels ordered when ship prices rebounded from a 10-year low.
- Samsung Heavy's orders may fall 21%
- Daewoo Shipbuilding sees this year's orders matching 2006
Strait Talk
- Learning from Indon ferry sinking
THE plan was to look ahead this week, to see what the New Year has in store.
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| JANUARY 4, 2007 |
- NYK bolsters safety measures to prevent dangerous goods catching fire
- Zhejiang focuses on developing coastal ports
- Kuehne + Nagel expands in Japan, opens Kobe office
- OOCL opens Sri Lanka office, adds Cochin to IDX Service
- Indian shippers brace for late January strike at 12 big ports
- CWT to build distribution base, bonded logistics centre in Xian
- China Post signs deal with Sagawa Express
- World Airways clinches freighter contract with Ethiopian Airlines
- Continental hires country director for HK, Macau, and S China
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| JANUARY 4, 2007 |
- Varun Shipping puts off listing on Singapore stock exchange
- $ 9.9-m order for ABG Shipyard
- Allcargo Global Logistics sets new landmark in cargo consolidation at Chennai
- US extends GSP till December 2008
- Import duty on refined oils cut
- Subsidy for sugar export likely
- Mundra Port to build enclosed basin with 16 berths
- VPT ends 2006 with yet another record
- CWC signs MoU with Rlys to set up 22 railside warehousing complexes
- Core sector grows 9.5 pc in Nov.
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| JANUARY 3, 2007 |
- Grimaldi takes Finnlines
- Outsider takes on UK’s MCA
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| JANUARY 3, 2007 |
- DHS issues TWIC Final Rule
- Kirby Corporation buys tank barges
- Carnival orders newbuild for P&O Cruises
- OSG's Arntzen to be next CMA Commodore
- VT extends U.K. patrol vessel charters
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| JANUARY 3, 2007 |
- International Salt Company inks seven-year deal with Port of Longview
- Radiant Logistics subsidiary opens new office in Portland
- Portland Shipping Club calls for 'Old Salt' nominations
- NAFTA trading partners see surface transport gains
- BNSF Logistics buying Pro-Am Transportation
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| JANUARY 4, 2007 |
- Fincantieri clinches €535m order for Carnival cruiseship
ITALIAN state-owned shipbuilder Fincantieri started the new year with a bang, securing a €535m ($704m) order from favoured client Carnival Corp for a 116,000-tonne cruiseship.
- Ferry survivors rescued from oil platform
TWELVE more survivors of the weekend’s Indonesian ferry disaster were rescued yesterday after they made it to an unmanned oil platform, but hopes are fading for more than 400 passengers who are still missing.
- Police search QE2 after passenger disappears
BRITISH police have launched an investigation into the disappearance of a German woman reported missing from Cunard’s Queen Elizabeth 2 on New Year’s Eve.
- Greek ports count cost as unions halt strike for dialogue
GREECE’S two major ports are counting the cost of nearly two months of labour disruption after a deal between the government and unions enabled the ports to resume a semblance of normal working yesterday.
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| JANUARY 3, 2007 |
- Carnival orders yet again
CARNIVAL Corp continues its bullish newbuilding pace, announcing a fresh order for a P&O post-Panamax at Fincantieri
- India close to $12.5Bn LNG deal
INDIA is close to signing a $12.5Bn deal with Australia to import 2.5M tonnes of LNG every year for 25 years beginning mid-2010
- Migrant Watch: US/Caribbean
A DISTURBING new trend is emerging in Florida with groups of migrants also serving as mules for drug smugglers
- Star closes NCL financing
STAR Cruises has infused $200M in new equity into subsidiary Norwegian Cruise Line and secured a $610M credit facility for its North American brand
- Stronger Yuan hits Chinese exporters
- Mercator plans Singapore growth
- Trainee officers unable to complete
- Newcomer to head up UK's MCA
- Indonesian tragedy: ferry seaworthy
- OOIL sale/leaseback funds boxships
- Korean yards brace for slowdown
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| JANUARY 3, 2007 |
- EGL shares surge on buyout offer
The forwarder's stock price soars 27% following buyout offer from chairman and CEO James Crane.
- Continued strong performance seen for Canadian railroads
- Rail volume surges
- BNSF Logistics buys 3PL
- Pakistan plans fourth box port
- Eagle Bulk charters trio
- Shetlands drop box alert
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| JANUARY 3, 2007 |
- Indonesia's government warns on Java Sea weather
Ro-ro vessels are being forbidden to cross the Java Sea this week while other ships are advised to avoid it because of the bad weather, says Indonesia's Transportation Department.
- DHS issues final rule on TWIC
The US Department of Homeland Security has issued its final rule on the Transportation Worker Identification Credential, which was mandated in the SAFE Port Act passed last year.
- Continuing charter activity to stretch the have/have-not divide
- Bangladesh disruptions to continue, with renewed election strife
- CSCL, Sinotrans to swap slots on China-Philippines loops
- Lawsuit filed over new California fuel rules
- Greek port workers end ban on overtime
- BNSF Logistics acquires US 3PL
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| JANUARY 3, 2007 |
- Newbuild slams Kiel locks
An Odfjell tanker headed for its first cargo did millions in damage entering the Kiel Canal -- one of three incidents in a week.
- Carnival orders again
New $706m signing at Fincantieri sees delivery date of December’s order bumped back a year.
- Cobelfret ups order
Belgium’s Cobelfret has added two to its series of con-ros on order at Flensburg.
- Marenave makes its move
Konig & Cie's public fund snaps up a second products tanker from Cypriot owner Interorient.
- Piraeus port strike ends
Agreement struck between port authority and Greek government not to discuss privatisation with potential suitors in next few months.
- MCA picks charity chief
New head of UK safety body will come from outside industry.
- Essar gets nod to delist
Shareholders give green light at EGM for shipping giant to walk from Mumbai Stock Exchange.
- Leak threat in Scotland
Salvage mission underway after attempts to re-float German ship taking on water in UK river fail.
- Woman missing from QE2
Passenger reportedly goes missing from Cunard cruise liner during New Year festivities.
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| JANUARY 3, 2007 |
- New Year bunker prices fall as crude dives
Bearish fundamentals translating into downward adjustments on US bunker markets.
- Strategic bunker alliance formed
KPI and Bridge Oil formalise collaboration to offer global trading and broking services.
- Asian bunker premiums firm
Fuel oil prices slip but bunker premiums widen in tight spots.
- Rotterdam market decreasing
- Oil threat from stranded ship
Salvage effort underway in Scotland to salvage vessel and its bunkers.
- Congestion builds at Singapore bunker terminals
Local players say bunker loadings at oil terminals have been repeatedly delayed.
- Hong Kong short of MGO
Replenishment of the bunker product is expected from next week onwards.
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