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| MAY 4, 2007 |
Shipping News
- Sembawang's new West Yard doubles fabrication capacity
SEMBAWANG Shipyard officially opened its new West Yard expansion yesterday, doubling its fabrication capacity with a valuable 50 per cent gain in yard space as global offshore oil and gas demand continues to fill out Singapore shipyards' order books.
- Shell's shipping arm eyes shipyard alliances
THE shipping arm of Royal Dutch Shell is seeking to expand its strategic shipyard alliances around the world following the growth of its business and the success of partnerships with yards in Singapore and France.
- PTP wooing Indian firms to boost presence in country
MALAYSIA's largest container port, Port of Tanjung Pelepas , has embarked on a roadshow in India aimed at enhancing awareness of the port's position as a major transshipment hub of the region.
Admiralty Casebook
- UK govt held liable for past port workers' welfare
THE UK Department of Trade and Industry, being the statutory successor to a defunct post-war port labour scheme, may now find itself being held liable for the death or suffering of port workers exposed to asbestos in the 1950s and 1960s.
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| MAY 4, 2007 |
- Shenzhen Chiwan Container Terminal dockers stage overtime strike
- AADA to lower bunker surcharge
- Hamburg Sud records 8pc revenue rise in 2006
- ANL enters vessel sharing agreement with USL
- Kuehne + Nagel takes Porsche supplier of the year award
- Evergreen named best intra-Asian shipping line for third year
- Safmarine containers build schools in African bush
- Qantas unveils new safer and eco-friendly landing system
- ANA to outsource cargo flights to ABX Air
- TSA ignoring Congress on airfreight `borders on criminal'
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| MAY 4, 2007 |
- Monish Row & Vijay Gopal re-elected at VCLA
- Court directs CBDT to issue ‘order’ before next hearing (June 12)
- SKS Logistics to invest in waterways project
- Bharati Shipyard to build sophisticated, multi-purpose OSV for Great Offshore
- INTTRA customers reap marked efficiency gains from UCA Link
- H&H Lines announces direct service to Red Sea/East Africa
- INTTRA honours customers for commitment to e-commerce
- FY-2007 exports total $ 124.6 bn, post 21 pc growth rate
- A. Subbiah assumes charge as Deputy Chairman of TPT
- TAMP allows CoPT to hike tariff rates
- HTPL’s CFS starts operations at CWC Logistics Park in D’Node
- $ 160-bn target beyond reach, aver exporters
- EEPC seeks PM’s intervention to end impasse over service tax waiver
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| MAY 3, 2007 |
- Malmström joins time:matters advisory board
- Maersk Line improves Oceania-Americas service
- Great Wall Airlines launches UK flights and appoints GSSA
- Hungary: MAV to buy 25 new locomotives
- Ryder increases earnings and revenues in Q1
- Dutch-US open sky pact ruled illegal
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| MAY 3, 2007 |
- Tiefenesee goes diesel
- Finnlines' better quarter
- Camillo Eitzen raises US$38m
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| MAY 3, 2007 |
- Conrad inks more contracts
- Pan-United Marine books AHTS orders
- First Scorpion jackup on track at Keppel AMFELS
- Hornbeck Offshore orders DP-3 MPSV from Merwede
- Aker Vietnam yard to build anchor handlers
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| MAY 3, 2007 |
- WTSA member carriers plan Panama Canal charge boost
- Crowley Maritime adding LTL/LCL service to Haiti
- Olympia chowder/boating event set for Saturday, May 12
- Scientific Advisory Committee selected for VPA's Deltaport project
- Dockwise, Sealift announce plans to merge companies
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| MAY 3, 2007 |
- Peter Döhle confirms giant boxships order
GERMAN owner confirms $1.3bn order for eight 12,600 teu vessels at Samsung Heavy Industries.
- Peter Döhle eyes $160m Samsung giant
- Yards scramble to meet surge in bulker orders
OWNERS continue multi-billion bulker order binge, as world's biggest yards get in on the act.
- Hanjin Shipping embarks on shopping spree
SHIPPING line inks contracts for nine large vessels worth more than $750m.
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| MAY 3, 2007 |
- Shipyard workers block Vigo
HUNDREDS of shipyard workers in Vigo, Northwest Spain today blocked road access points to the HJ Barreras yard and surrounding streets
- TMM eyes Pemex revitalisation
MEXICO'S Grupo TMM has reported improved operating results and claims it is in prime position to profit from Pemex’s fleet renewal programme
- Brostrom warns on tonnage tax
SWEDISH products tanker operator Brostrom has told the government it will not register future newbuildings under the home flag until tonnage tax is introduced
- Genco hikes Jinhui stake
DRYBULK operator Genco has purchased an additional 4.4M shares of Jinhui Shipping & Transportation, bringing its stake to 10.2% of Jinhui’s outstanding shares
- Aker slips as costs erode revenues
- Italians angry over Evergreen naming
- Camillo Eitzen raises $38M
- Israelis demand action over anarchy
- Ports unprepared for cargo tsunami
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| MAY 3, 2007 |
- Trans-Pacific lines plan hefty charges
Two liner oeprator discussion agreements are each planning hefty increases in bunker and inland fuel surcharges as of June 1.
- West Coast imports slow
- CEVA ups EGL bidding
- First-quarter loss for Hanjin
- China rejects proposals to raise terminal-handling charges
- Hanjin offers Asia-U.S. slots
- New hazmat rules issued
- Expeditors net up 13%
- Crowley offers LCL to Haiti
- Hanjin orders 8,600-TEU ships
- French team gets Miami port tunnel project
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| MAY 3, 2007 |
- Izmir port concession awarded
- Leading Asian carriers to add tonnage
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| MAY 3, 2007 |
- Greed, racism charged in $20m suit
$1.57-per-hour seafarers allegedly forced to pay Micky Arison's Carnival Corp $20m worth of airfare.
- Biggest boxhips ever
Germany’s Peter Dohle is splashing out a whopping $1.28bn on eight of the biggest boxships ever.
- ASC on ice
Great Lakes operator American Steamship Co is reporting profits even lower than usual in the icy first quarter.
- Sale shores up ISC profits
The new president of International Shipholding has cashed out stock options worth $574,000 after another difficult financial quarter.
- Shipping up at Seaboard
US agricultural conglomerate Seaboard Corp is making an increasing share of its money on ocean shipping.
- Rates raise Diana profit
Larger fleet and higher charter rates push first-quarter earnings up 83% at Greece’s Diana Shipping.
- $115m for Transmed capesize
Brokers are reporting a new record price for a capesize bulker whose delivery is still nearly a year away.
- WTSA passes on canal costs
Transpacific boxship group adding surcharge to cover fee hike at Panama Canal.
- Odfjell on the up
Norwegian chemical tanker owner battles higher costs to post slightly improved first quarter profit.
- Blip for Brostrom
Weaker products tanker market dents Swedish owner’s first quarter profit, but outlook is favourable.
- Nel nabs Cyclades contract
Greek owner’s C-Link subsidiary wins tender to run subsidised ferry services in Aegean.
- Hanjin signs for nine
Previous report of five at HHI two shy with a further brace at Japanese yard in $836m deal.
- Hanjin takes a plunge
Korean owner Hanjin Shipping records massive first-quarter loss as rates go down the tube.
- Colombo yard wins ferry deal
Sri Lankan shipbuilder signs up Lakshadweep islands authority for two passenger/freight ships.
- Finnlines feeling better
Finnish freight ro-ro operation builds revenues and profit in first quarter.
- Mipo doubles up
Korean yard Hyundai Mipo sees first-quarter profit rocket 100% on back of pricey vessel orders.
- Palmali seals Azeri oil deal
Turkey-based tanker owner strikes 10-year crude lifting agreement with Azerbaijan's Socar.
- Aker signs up six
Norwegian yard group strikes deal with former parent for anchor-handlers at new yard in Vietnam.
- TMM improves
Mexican tanker and supply ship owner boosted by bigger fleet in first quarter.
- BW Group in CVRD tie-up
Shipowner inks four giant VLOCs and will convert a VLCC into a fifth in deal with Brazilian iron ore miner.
- Aker suffers cruise blues
Revenues may be up at Aker Yards on back of monster cruise orders but operating expenses eat up profit.
- CMA CGM heads east
French liner operator to launch new dedicated service between North Africa and ports in Asia.
- Bourbon Dolphin salvage unlikely
Gard P&I Club says it cannot foot the bill to lift sunken ship, even if it were "technically possible."
- Genco lifts Jinhui stake
Peter Georgiopoulos’ US-listed bulker outfit now controls over 10% of Oslo-listed competitor.
- Genco profits inch up
Gain from disposal of handymax Genco Glory makes all the difference to first quarter results.
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| MAY 3, 2007 |
- WTSA lines raise westbound Panama Canal charges
- Hanjin posts 1st-quarter loss
- CSAV expands Asian coverage
- CKYH Alliance starting China/Pacific Southwest loop
- General Maritime reports lower first quarter earnings
- More oily waste problems at U.S. companies
- Report: U.S. Jones Act fleet ‘strong and vibrant’
- CMA CGM connecting Asia, North Africa via Malta
- Containerships Group making Teesport its U.K. center
- Germanischer Lloyd opens Warsaw office
- Lufthansa air cargo head predicts industry shakeout
- NWA Cargo using stick to encourage e-booking
- Report: Air India to offer direct Mumbai/New York link
- Great Lakes in dredging crisis, says iron ore executive
- Apollo makes revised $1.8 billion offer for EGL
- Israeli Shippers Council threatens to sue Zim over Haifa congestion
- Greatwide Logistics names Bishop CFO
- FMC reviews 16 OTI license applications
- Neutralogistics, Kestrel combine for Latin America, Caribbean
- Coast Guard to add 71 port facility inspectors
- Strike averted at Port of Tauranga
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| MAY 3, 2007 |
- Emission trading favourable for environment, study shows
An emissions trading system for the Baltic Sea and the North Sea would reduce environment impact by several hundred tons ...
- Stena profit up by tre quarters
The Stena Sphere, one of Sweden's largest privately owned industry groups, reports a SEK 5.6 billion pre-tax profit for ...
- Sundbusserna changes name to ACE-Link
The name Sundbusserna will disappear during the summer and be replaced by a new brand for the quick sailing from ...
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| MAY 3, 2007 |
- Waste oil re-refinery opening in the UK
Group 1 base oils used in manufacture of lubricants to be extracted from waste oils.
- Fuel oil stocks fall
Singapore residual fuel prices firming. Refinery fire could hit output.
- Sharp increase on the way for oil export duties
Russian oil flows expected to be affected by duty hikes.
- Iranian supply operation 'going well'
25 deliveries have been made, including one 'bunkers only' call.
- Re-routing fuel oil could push up bunker prices
Estonian players predict impact on spot market. Traders warn of widespread repercussions.
- Bunker spill could lead to prosecution
Fuel oil leaks into New Zealand harbour. Initial reports 'under-estimated' size of spill.
- Singapore refinery fire leaves two dead
Two others injured in incident at ExxonMobil's Pulau Ayer Chawan plant on Jurong Island.
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