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| SEPTEMBER 4, 2007 |
Shipping News
- Record capesize rates set to continue rising
Rates for hiring the largest carriers used to transport coal, iron ore and other dry goods may extend last week's increase to a record on demand to move cargo across the Pacific.
- Gulf tanker rates may fall for second week
The cost of shipping Middle East crude to Asia, the world's busiest market for supertankers, may fall for a second week as a glut of vessels forces owners to compete for cargoes.
- Gemadept pays 560b dong for three container ships
General Forwarding & Agency Corp, the biggest freight company on Vietnam's main bourse, spent 560 billion dong (S$53.5 million) to more than double its stable of ocean-going container ships, general director Do Van Minh said.
- Bangladesh's main port opens new container yard
- China Shipbuilding mulls IPO to tap US$928m
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| SEPTEMBER 4, 2007 |
- Shanghai trade surplus soars 63pc in July
- China-Latin America trade strength expected to grow
- Trucking crunch may ease as Mexicans win free access to US roads
- Rising Indian throughput calls for urgent infrastructure upgrade
- APM Terminal Bahrain recruits 600 to run container facility after new investment
- Washington state fines Greek carrier for not having spill plan
- Caribbean regional port security conference sponsored by Pentagon
- India Post airfreight service targets state customers
- Lufthansa, DHL seek approval to create new freight airline
- Thai firm links with US Accelerated to challenge airfreight with trucks, price
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| SEPTEMBER 4, 2007 |
- Safmarine & Maersk Line launch second Asia-West Africa direct weekly service
- MSC launches new Nassau service from Port Everglades
- China Shipping, "K" Line, Yang Ming & Zim to start new Asia-Black Sea service
- Evergreen Line , Wan Hai Lines to offer Japan-Thailand link
- 3 Asian carriers to drop LA call & change to Long Beach
- AADA to levy increase on shipments to Australia
- Minsheng launches Chongqing-Shanghai feeder
- Samsung wins $ 1.34-bn boxship order
- Daewoo to build biggest floating dock!
- A.P. Moller-Maersk posts H1 net profit of $ 1.56 bn
- Bulk carrier rates surge to record high
- Dalian may hike container rates on China trade
- Dalian expands port area
- 2-day India Summit 2007 commences today
- India, Australia to undertake feasibility study on FTA
- PEC floats tender for pulses import
- Iron pellets export duty under review
- Rising shipping costs following appreciating Re. tear apart Surat synthetic fabric exporters
- CII favours continued ban on milk powder exports
- Rewas port to emerge as state-of-art, world class multipurpose facility
- CWC launches export cargo service from ICD-Kanpur to Port Pipavav
- Corridor to give Pithampur-Dhar-Mhow belt major industrial boost
- Saarc meet discusses report on regional multimodal transport
- NHAI to rope in corporate players to provide wayside amenities
- Foundation laid for state-of-art ICD under flagship of Thar Dry Port
- Forex reserves up by $ 2,404 million to $ 2,28,849 million
- Re. appreciation depletes RBI�s reserves of foreign currency assets
- Minister asks European cos to invest in textile projects
- Exim Bank draws up capacity-building blueprint for SMEs
- Israel College to conduct int�l programme on SMEs management & development in Oct.
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| SEPTEMBER 3, 2007 |
- Wraight joins Cargoitalia
- "Safmarine Makutu" joins Safmarine fleet
- Etihad ups Saudi Arabia services
- Mory to come under Kuehne + Nagel umbrella?
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| SEPTEMBER 3, 2007 |
- New gas carrier concept
- EC's Kroes says she doesn't want to close Gdansk
- Carras orders bulkers at Odense
- Deep Sea's earnings soar
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| SEPTEMBER 3, 2007 |
- Shipping claims victory in California emissions battle
US District Judge orders Californian air regulators to stop enforcing a state-level low-sulphur emissions law.
- Marpol Annex VI a step closer in US
- EMSA to the rescue after bulker oil spill scare
EUROPEAN Union sends oil spill response ship amid concern grounded New Flame is close to breaking up.
- Pipavav wins bumper panamax order
YARD inks deal for another 12 panamaxes, believed to be the largest placed in Indian ship building history.
- Seatime should not be like jailtime
IF you treat seafarers like criminals and potential terrorists, who would want to be a seafarer?
- More Automation alarms
THERE is no turning back the tide when it comes to automation, it just needs to be made more user-friendly.
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| SEPTEMBER 3, 2007 |
- Iran to grab Indonesia gas contract
State electricity company PT Perusahaan Listik Negara (PLN) is considering buying 4M tonnes of LNG a year from Iran
- Adam�s Bridge wins reprieve
INDIA'S Supreme Court, which is hearing petitions on the Sethusamudram Ship Canal Project, has warned project managers not to damage Adam's Bridge or Ram Sethu
- Brazil strike hits reefer ports
A STRIKE by port agricultural inspectors in Brazil is continuing into its second week and is already starting to affect key ports and states with a high percentage of reefer cargo
- Ibex devoured with 16 ships
ERRIA, the Danish ship operator and manager, has acquired Ibex Maritime, adding commercial operation of 16 chemical carriers to its business
- New face at PSA Sinport
PSA Sinport, the Italian joint venture set up by Singapore�s PSA to run two container terminals in Italy, has a new MD
- Men missing after accidents in China
THREE accidents in China have left six men missing off the coast and pollution worry upriver on the Yangtze
- Naval exercise for Panama Canal
- Ferry crisis: Jakarta calls in navy
- Yucatan braced for another big one
- New ID scheme for Indonesian crew
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| SEPTEMBER 3, 2007 |
- New competition for Alexandria and El Dekheila in Egypt
- UASC acquires bigger vessels
- Freightliner starts up in Poland
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| SEPTEMBER 3, 2007 |
- Americans eye UN Ro-Ro
Private equity firm KKR close to taking over Turkish owner in deal valued at more than $1bn.
- Swede deal for WMS
Norway�s Wilhelmsen Maritime Services to snap up 100% of neighbouring services group Callenberg.
- Cash of the Titans
Two Chinese players join forces as Titan Petrochemicals splashes out $170m on Titan Quanzhou Shipyard.
- Riga Shipyard loses more
Latvian builder and repairer struggles in first six months despite revenue rise.
- Global Carriers back at Ningbo
Malaysian tanker owner returns to Chinese yard for small duo following similar order in November.
- IHB rises again
More profit for owner of Bulgaria�s Varna Shipyard in first half.
- Facelift for Saaremaa
Estonian ferry company set to be renamed as owner Vjatsheslav Leedo reorganises his assets.
- Petra orders offshore duo
Malaysian oil and gas group signs for a pair of offshore support vessels at compatriot Shin Yang.
- Sumitomo steps it up
Japanese shipbuilder ready to invest more cash to boost capabilities and profit margin.
- Six missing off China
South Korean chemical tanker collides with Chinese fishing vessel with only one recovered alive.
- Hurtigruten sells Lyngen
US-based Lindblad Expeditions comes in for Norwegian owner's veteran passenger/cargo ferry.
- Erria buys Ibex
Danish owner snaps up chemical tanker manager based in Istanbul.
- Titan turns it on
Gains from vessel disposals help to boost interim profits at Hong Kong listed tanker owner.
- Ca Mau to build quartet
New Vinashin yard wins deal from Can Tho Shipping for four cargoships.
- Brussels overkill
Riot police greet peaceful protest by Gdansk shipyard workers at EU headquarters.
- HUBLine profits double
Higher freight revenues plus addition of bulker firm boost quarterly results at Malaysian owner.
- Nepline extends losing streak
Second quarter results at Malaysian tanker owner hit by vessel off-hire and ship repair costs.
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| SEPTEMBER 3, 2007 |
- Viking Line strengthening its market position
The number of passengers with Viking Line has grown significantly during the summer, totalling 1.75 million. This is 5 per ...
- Svitzer halfway in Antwerp salvage operation
Svitzer Salvage successfully turned the capsized ro/ro Repubblica di Genova into an upright position after several months of preparation ...
- Flekkefjord Slipp hurt badly by late deliveries
Fekkefjord Slipp & Maskinfabrikk is on the brink of bankruptcy, mainly thanks to late deliveries of two vessels, the Normand Ferking ...
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| SEPTEMBER 3, 2007 |
- Bunkers suspected in Puerto Rico pollution
Cleanup begins as origin of extensive slick remains unknown.
- Spain calls in EMSA as 'New Flame' deteriorates
Bunker tanker in EMSA pollution response scheme headed for Algeciras Bay.
- Players fear unfair sulphur penalties
Industry insiders say ISO test principles must prevail when testing sulphur content.
- Profit slips at Fyffes
Higher bunker prices take their toll on first-half result.
- Rotterdam market firm
- O.W. Bunker Far East welcomes new trader
- Ports sign environmental partnership
Rotterdam and New York/New Jersey to work together to reduce air pollution.
- Supply of 180 cst product remains suspended
Saudi Aramco postpones restart of sales to end of October.
- Titan sees profits grow more than 100%
Growth in non-VLCC businesses spurs earnings over first half of 2007; double-hulled bunker tanker to be in Singapore by end-2008.
- New barge operator in Taichung
Bunker deliveries in Taiwanese port now require three working days notice.
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