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| FEBRUARY 5, 2007 |
Shipping News
- Owners spend record US$106b on fleets
SHIPOWNERS ordered a record US$105.5 billion worth of new vessels in 2006, led by oil tankers, as companies rushed to upgrade fleets ahead of the ban on some ships in 2010, said Clarkson plc, the world's biggest shipbroker.
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| FEBRUARY 5, 2007 |
- Shenzhen freight centre sees 50pc value increase this year
- AP Moller-Maersk celebrates latest newbuild
- Ningbo to build largest cold storage logistics hub in E Zhejiang
- Chiwan CT handles 5m TEU in 2006
- NYK Group conducts accident-response training exercise
- Norway's ro-ro operator Hoegh Autoliners links up with Maersk to expand fleet
- Kuehne + Nagel manages online textile logistics for Stromberg
- TNT wins European accolade
- Truck-air intermodal service bolsters Yantai's cargo forwarding capacity
- Kenya protests European campaign against airborne farm produce
- Air Sea Customs named one of top 100 brokers in China
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| FEBRUARY 5, 2007 |
- Mega cargo & logistics show evoking tremendous response
- Exports of milk powder banned
- KPT awarded ISO 9001:2000 certificate
- Mundra Port & SEZ becomes 1st to have airport facility
- GTI sets new berth productivity record
- Ground-handling policy for 6 airports cleared
- Truck operators may form consortium for a piece of Rlys’ action
- Round-2 attracts 2
- BoA gets SEZs going again
- Corporate sector now a force to reckon with in M&As-Kamal Nath
- Foreign Trade Policy Analysis: Current Trends-By M. Sreedharan
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| FEBRUARY 2, 2007 |
- Maywald new ISH managing director
- New Europe-South America container service
- Emirates freighter service to Djibouti
- Montenegro joins ADR
- Panalpina and NYK/Yusen agree to cooperate
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| FEBRUARY 2, 2007 |
- Samskip buys Saltire
- K Line launches Europe-S America service
- Frontline looks to spin off FPSO business
- Siba Ships buys into mining firm
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| FEBRUARY 2, 2007 |
- New union agreement for Aker Philadelphia
- Blount books another order from Puert Rico
- Conrad Industries wins more barge contracts
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| FEBRUARY 2, 2007 |
- Panama Canal Authority eyes pricing system changes
- US rail freight traffic drops during week
- Flyers can mail prohibited items with new PDX Mailsafe Express scheme
- Colfax closes purchase of Lubrication Systems
- Navios Maritime moving to New York Stock Exchange
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| FEBRUARY 5, 2007 |
- Napoli cargo claims set to touch $100m
CLAIMS by cargo interests against the owner of the stricken MSC Napoli look to be heading for $100m.
- MPs brand MSC Napoli 'substandard'
- Panama releases Canal toll hike details
CONTAINER vessels face US$18/teu increase in the next two years while reefer vessels will see a 14%-15% hike in October.
- Danish owners see red over tax bill
SHIPPING sector locks horns with government over surprise tax bill as AP Moller threatens to move business out of Copenhagen.
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| FEBRUARY 2, 2007 |
- Panama unveils toll hikes
PANAMA CITY 02 February – The Panama Canal Authority (ACP) has unveiled its long-awaited proposal to restructure pricing in preparation for the expansion programme
- Liberia to re-start seafarer training
LIBERIA'S Maritime Training Institute is said to be aiming to re-open its doors in March after a closure for refurbishment aided by the US
- New boss for Silversea
SILVERSEA Cruises has announced a major executive reorganisation, including a new president based in Monaco instead of Florida
- Belfast seeks direct US link
BELFAST will be seeking a direct ro-ro shipping link with North America, as Irish exporters conclude that the lack of such a service is hindering business
- UASC profit down in 2006
HIGH fuel prices, leading to increased operating costs, bit into United Arab Shipping Co's profits last year, its CEO has told the press
- Row erupts over Danish tax bill
A DRAFT bill on corporate taxation in Denmark has raised the anger of the top brass of AP Moller-Maersk, the biggest company in the country
- T&T acquires third Incat
- Nautilus UK calls for Napoli probe
- Transpetro to sign new contracts
- Odfjell warns of dark clouds ahead
- Kalmar adds US equipment contractor
- Hubline snaps up bulk operator
- China stocks wobble
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| FEBRUARY 2, 2007 |
- Panama Canal to raise tolls 12%
To help fund expansion, the waterway wants to hike tolls on container ships by $9 per TEU in 2008 and $9 in 2009.
- Barge mishap shuts section of Mississippi River
- Wilmington cranes delayed
- Former Panalpina CEO Sidler joins EGL
- Kalmar acquires U.S. crane repair company
- CN to expand Brampton hub
- Maersk restructures U.S. inland network
- Sharp Q3 decline for British Airways cargo volume
- Increase for Kolkata volume
- ACS expands into Boston
- Carriers need 'adequate rates', says Hapag-Lloyd's Mack
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| FEBRUARY 2, 2007 |
- Deurganckdok infrastructure came in three times over budget
Antwerp’s Deurganckdok cost the tax payers €645m (US$840.17m), nearly three times the €223m budgeted in 1995 for the container dock’s infrastructural works, a government committee learned this week.
- UK officials move to limit political damage from MSC Napoli accident
UK officials from both the Government and Parliament are moving to limit the political damage from the MSC Napoli accident, sinking any chance that public interest will go quiet.
- Panama Canal charges rise again
- Up to 40% increase in Japanese THCs
- Dalian port to move domestic cargo from Dagang to Dayao Bay
- Chittagong crane charges hiked to meet private-sector costs
- Containers boost Sydney records
- Heavy rains slows Indonesian container trucks
- Strong Korean Won and high fuel prices squeeze Heung-A's profits
- US DoT advances anti-congestion plans
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| FEBRUARY 2, 2007 |
- TBS in leaseback
Dry-cargo operator TBS has sold two handysize bulkers for $45m and bareboated them back.
- NYK wins Baosteel deal
Japanese shipping group concludes longest iron ore contract with Baosteel.
- Shreyas still suffering
Indian boxship player hit by big fuel bill in first nine months, although revenues grew.
- Fredriksen in STX stake
Norwegian tanker king spends $60m on a near 10% stake in South Korean shipping and shipbuilding group.
- Swedish union to continue boycott
Dockers sound defiant "business as usual" message despite losing case on Rickmers Tianjin.
- Dahl calls it a day
Tough-talking tanker broker retires from Oslo's Bassoe after 30 years.
- SSN thrown another lifeline
State to back more loans needed by Polish shipbuilder to work on new vessels.
- Stealthgas denies purchase
Little-known Greek LPG debutant said to be behind purchase of resale unit attributed to US-listed Vafias company.
- Chowgule chokes
Indian bulker owner posts drop in nine-month profit on higher costs.
- Gard loses London chief
Big catch Mark Carter quits after just two months as managing director of marine insurer's UK company.
- Shreyas to offload one
Indian boxship owner expects to fetch $4.3m in sale of unnamed unit.
- Cape crusader
After whopping $99m capesize buy Diana Shipping charters newbuilding to BHP for four years.
- T&T snaps up army ferry
Caribbean islands take second Incat-built former US military catamaran for domestic services.
- Rensen back at Lotos
Dutch shipbuilder outsources two more boxship hulls to MNP Group’s Astrakhan yard.
- Maersk threatens walk-out
Shipping giant’s boss Jess Soderberg may move company from Denmark base if new tax bill is passed.
- Restis bunks bank
Majority shareholding in First Business Bank offloaded to Aspis by Greek family quartet seven weeks after acquisition.
- UASC profit will be down
Kuwait-based boxship owner hit by higher fuel costs in 2006, according to boss Ken Sorensen.
- Odfjell dragged through a hedge
Norwegian chemical tanker owner hit by higher costs in 2006, partly due to ending of currency hedge deal.
- Costs hurt B+H
Higher operating expenses push profits down 72% at Amex-listed products tanker and OBO operator.
- Nordisk opens in Singapore
Freight, demurrage and defence club joins procession of maritime companies to Lion Republic.
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| FEBRUARY 2, 2007 |
- OOCL ship rescues refugees off Cape Cod
- OFAC prohibits U.S. persons from registering vessels in North Korea
- Alaska Airlines’ 737-400 "combis" enter fleet
- Continental’s January cargo down slightly
- Eight interstate corridors vie for infrastructure grants
- CURE: Rail rate complaint process fix would worsen problem
- ACE operates at more N.D. border lanes
- "Weaker economic conditions" see YRC’s profit drop in quarter, year
- Myers outlines ICE efforts to combat trade fraud
- Ex Panalpina boss Sidler resurfaces at EGL
- USTR, Commerce release subsidies enforcement report to lawmakers
- Kuehne + Nagel provides warehousing for ICI Paints in Austria
- Samskip acquires Scottish forwarder Saltire
- Panama Canal publishes proposed tariff increase
- Report: Ports investment needed if Ireland wants direct calls
- Kalmar taking over U.S. ports service company
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| FEBRUARY 2, 2007 |
- Maersk threatens to move from Denmark
The CEO of A. P. Møller-Mærsk, Jess Søderberg, today sent out a message, that the group is not very ...
- Nordkapp to return to Coastal Express service
Norwegian passenger/cruise vessel Nordkapp, which on Tuesday grounded in a bay at Deception Island in the Antarctic, will return ...
- Significant increase of P&I costs overwhelms passenger sector
Ferry and cruise operators face up to a 40 per cent increase of premiums for their P&I cover, the ...
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| FEBRUARY 2, 2007 |
- Owners blame bunker prices for weak results
Ship operators hope last year's bunker markets will prove an exception.
- BP to sell last UK refinery to Petroplus
BP is selling its last refinery in the UK to Petroplus Holdings.
- Durban suppliers challenge alert
Player says there is "no reason" to suspect IFO is not on spec.
- Napoli: French authorities say 'polluter will pay'
Oil washed ashore in France is from the stricken container vessel. UK minister says beaching ship on English coast prevented "serious, long-term environmental damage".
- Rotterdam market extends firm run
- Aegean to launch series of new supply operations
Phasing out of single-hull tankers boosts company's prospects.
- Hong Kong prices attract buyers
Hong Kong still competitive against other East Asian ports as prices sky-rocket across the region.
- Singapore bunker premium surges
Acute shortage in fuel oil supplies pushed ex-wharf 380 cst bunker premium to 15-month high.
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