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| OCTOBER 5, 2007 |
Shipping News
- Indonesia rejects foreign troops' help to safeguard Malacca Strait
Indonesia has renewed its rejection of any help from foreign troops to help safeguard one of the world's busiest waterways, the Malacca Strait. 'We have established cooperation on joint patrol (of the Strait) with Malaysia and Singapore,' Indonesian Military commander Air Chief Marshall Djoko Suyanto was quoted yesterday by the Jakarta Post as saying. 'We don't want any third party's involvement in the routine.'
- Hamburg port operator's H1 earnings jump 53%
Hamburg port operator HHLA, which aims for a stock exchange listing in November, yesterday reported a 53 per cent rise in first-half earnings before interest and tax to 138.8 million euros (S$290 million). HHLA's turnover increased by 15.7 per cent year-on-year to 561.3 million euros. The number of containers handled grew by 13.9 per cent to 3.5 million, the company said in a statement.
Admiralty Casebook
- Admiralty case can go before jury: US court
A US appeals court last week ruled that an admiralty case could be tried before a jury, thus rejecting an argument that the right to a jury trial under the Seventh
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| OCTOBER 5, 2007 |
- APM Terminals open giant Guangzhou Oceangate facility
- Hanjin to launch joint Black Sea service
- US mortgage crisis gives NYK president jitters over global economy
- California's clean truck plan would ban 95pc from port: study
- Sagawa acquires Singaporean courier firm Trex
- Portek lands engineering orders worth US$17 million
- Cathay begins big fleet expansion with first 777-300ER
- Continental achieves high load factor record in September
- SAS sells Spain's Newco Airport Services ground handling firm to Teinver
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| OCTOBER 5, 2007 |
- Hajara now heads INSA
- GE Shipping takes delivery of MR product tanker
- Divya Shipping handles RSWM Ltd's 1st LNJ denim export shipment
- Cotton exporters hope to benefit from global shortage
- North Carolina lays out red carpet for investors in shipping, IT & textiles
- Attari border thrown open for India-Pakistan commerce
- MoS to invite RFPs for consultants to develop 5 new deep-sea ports soon
- Big guns drawn to Vizhinjam container terminal project
- GMB making Gujarat a shipbuilding hub
- ...inks MoU with MIPL for cargo jetty in Bhavnagar
- Unbridgeable chasms yawn ahead for rail freight corridor
- Indian Economy update
- Commerce Ministry plans refund of all levies to exporters
- Jitendra Sanghvi promoted to IMC's Dy Secy-General
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| OCTOBER 4, 2007 |
- Yang Ming appoints new president
- Horizon Lines ships get environmental awards for 2007
- A plethora of new services to/from Central America
- Salvesen board backs Dentressangle's GBP 254 million takeover bid
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| OCTOBER 4, 2007 |
- Strike Club reports summer stoppages
- Imarex/NOS values reach US$3.8bn
- Bike ride raises $200,000 plus
- Chemoil plans terminal at Cristobal
- TNWA's new service
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| OCTOBER 4, 2007 |
- U.S. Shipping gets charter for another NASSCO newbuild
- OSG orders two more from Aker Philly
- TWIC enrollment set to start
- BAE Systems to upgrade Navy floating dry dock
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| OCTOBER 4, 2007 |
- Transport worker ID program to begin in Wilmington, Delaware
- CBP reaches 2007 goal of 58 container security ports
- New World Alliance members plan to add Med/Black Sea service
- Crowley taps Demeroutis as labor relations director
- Genco shipping selling GENCO TRADER for $44 million
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| OCTOBER 4, 2007 |
- Leaked emissions document draws industry flak
EXPERTS pour scorn on leaked paper that gives higher than estimated bunker demand and ship emission estimates.
- Germany's owners back sulphur cuts
- US rolls out marine worker biometric ID
BIOMETRIC identification cards for US marine workers are to finally become reality, with the roll-out at 12 ports.
- Norway launches plan ahead of tonnage tax vote
GOVERNMENT unveils maritime strategy on eve of a national parliament vote on the controversial budget proposals.
- Investing for the future
LLOYD'S Register's chief executive Richard Sadler is hitting the acquisition trail with plans for growth.
- The heart of the matter
AN environmental debate is raging and regulations are coming out of our ears, but still we have pollution.
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| OCTOBER 4, 2007 |
- Crews in drug danger in Venezuela
Vessels in Lake Maracaibo, Venezuela have been detained and their officers prosecuted for drugs attached to hulls clearly without their knowledge
- Ferry safety upgrades 50 years late
WASHINGTON State Ferry System has four vessels in service that one public policy research group believes are "a disaster waiting to happen"
- Tasmanian bedevilled mill gets OK
A CONTROVERSIAL pulp mill today received the go-ahead from Australia's government, although a further two dozen strict environmental conditions have been imposed on the project
- South to help N Korea build ships
Technological transfers are off limits despite South Korea's shipbuilding deal with the North
- EU waterways lack X-factor
INLAND waterways are suffering under a bad image and lack of public awareness, and need more investment and support, says the European Commission
- BP: shipping must pay for emissions
THE director of environment for BP Marine has called for incentives to encourage the industry to make investments in emissions-reducing technology
- Help for Japanese to build in Korea
- Emissions battle hots up after leak
- California LNG faces activists
- Seafarers protest over new course
- California petitions EPA for CO2 regs
- Big importer spells out port demands
- New twist in Queen of the North saga
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| OCTOBER 4, 2007 |
- Norfolk Southern seeing more int'l. shipments through East Coast ports
Intermodal traffic now accounts for 22% of the eastern railroad's revenue, and is its fastest-growing freight category.
- Middling grades for port security
- Trans-Pacific carriers hike inland fuel fees
- More increases seen for intermodal rail rates
- New boxes for Horizon Lines
- DP World plans IPO: Report
- Suez containers up
- Nehru to bar empty boxes
- Lines plan Med-Black Sea service
- New terminal for Kaohsiung
- CMA CGM unit launches intra-Asia services
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| OCTOBER 4, 2007 |
- Jade-Weser-Port project embroiled in political scandal
- NWA, Hanjin and UASC combine for new Asia/Black Sea link
- Kingston Wharves expands
- HHLA all set for 'early November' IPO
- NYK revenue and profit up despite sub-prime fallout
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| OCTOBER 4, 2007 |
- Bottle saves seafarer
A Japanese deckhand survives the night overboard after using a plastic bottle to stay afloat.
- DryShips takes capesize
US-listed bulker owner pays record price for a newbuilding from an undisclosed buyer.
- Paraguay River crisis
Landlocked country's commercial shipping is threatened by falling water levels in the river leading to the Atlantic.
- Tidewater probe widened
Offshore vessel owner Tidewater has expanded a bribery investigation into possible payouts banned by the US Foreign Corrupt Practices Act.
- Arctic Princess still in waiting
Hoegh LNG boss has played down speculation of cancer causing smoke at Arctic LNG plant as nothing out of the ordinary.
- Euroseas grabs panamax
US-listed bulker owner signs on to buy the Trust Jakarta for about $28.6m.
- Wilson bags German pair
Bulker owner brings in two more ships at price which reflects the need for repairs.
- Excel hikes cash grab
Us-listed bulker owner increases senior notes offer to $125m, which could be used for vessels purchases.
- Kaspar spends on upgrade
Azerbaijan's national owner allots $14m for work on 40 vessels this year.
- Norden raises sights
Sale of two products tankers boosts Danish owner Norden's profit forecast for 2007.
- U-Ming takes flight
Taiwanese bulker owner buys stake in domestic airline Far Eastern Air Transport.
- Torm inks engine deal
Danish owner will install new MAN B&W units on products carriers being built in China.
- Stolt is spot on
Ongoing legal battles and a decline in the parcel tanker spot market can't stop owner's profits rising.
- SembCorp sells out of Maua
Singaporean shipbuilder exits joint venture yard in Brazil to focus on new project there.
- Reefers frozen out
Conventional refrigerated tonnage to lose out on growth as containerships take bigger slice of sector.
- US owners fight back
American shipping lines have spoken out against unilateral emissions petition.
- Tiddler makes a killing
Singapore owner smashes book price as it waves goodbye to small ship.
- IHI stages mini-recovery
Shares in Japanese shipbuilder bounced back today, but market fears recovery will be short lived.
- Imarex posts record
Oslo-listed freight derivates broker boosted to new high in third quarter, partly by booming bulkers.
- Laid to waste
Crew from detained cruiseship appeal to local authorities for food and water.
- Indonesia plots biggest bridge
Huge project could link Sumatra and Java to relieve pressure on ferry ports.
- KKR carries the day
UN Ro-Ro shareholders approve sale of shipowner to US private equity player.
- BSC goes public
Bangladesh owner's revamp continues with plan to convert into public limited company.
- Gang of five launch EBX
New World Alliance trio plus Hanjin and UASC introduce new Asia-East Mediterranean service.
- Genco offloads another
Peter Georgiopoulos bulker outfit continues clear out of older ships with sale to Korea's SW Shipping.
- OSG adds a pair
US tanker owner has upped its tally of Jones Act product tankers at Aker Philadelphia to 12.
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| OCTOBER 4, 2007 |
- Evergreen shares surge to 10-year high
- Carriers team up to join Asia/Black Sea rush
- CMA CGM expanding new Asian subsidiary Cheng Lie
- ZIM, MSC eyeing stake in Indian heavy industries company
- CTSA amends bunker fees
- Genco sells oldest ship in its fleet
- TIACA: Evolved bilateral open skies system needed in developed markets
- U.K., Singapore sign air services agreement
- British Airways' cargo flat in September
- Coyne Airways adds ninth Kazakhstan call
- Proposed 3rd San Diego/Mexico border crossing gets federal fast track
- N.J. bridge needs: $13.6 billion
- GAO: CBP needs more focus on agricultural trade
- ITC finds CBERA benefits decline with CAFTA-DR in place
- Illinois allows direct shipment of wine
- Davies Turner boss: U.K. logistics consolidation benefits medium players
- Dozen ports gets go-ahead for TWIC
- EPA targets ports for green truck loans
- Busan Port passes 10 million TEUs for the year
- Ports of Auckland hit by strikes
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| OCTOBER 4, 2007 |
- Unimars order bulk series
Latvian Unimars Group has signed an agreement with MNP Group's Volgograd Shipyard on a series of 4,570 DWT bulk carriers. The four 90 meters long and 14 metres wide vessels with a depth of 5.82 metres have been projected ...
- NSA term marine strategy as meaningless
Norway's new official maritime strategy is bad news for both the environment and maritime activities in coastal areas, according to managing director of the Norwegian Ship owners' Association (NSA) Marianne Lie. Se says that it is completely meaningless to present ...
- NIS to be marketed properly
The Norwegian government wants to stem the tonnage flight from the Norwegian International Ship Register (NIS) by making available NOK 3 million to pay for more marketing of the register. According to government sources other registers are marketing themselves internationally ...
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| OCTOBER 4, 2007 |
- Singapore bunkers firm as fuel oil stocks fall
Singapore 380 cst bunker prices near $400 amid tighter fuel oil inventories.
- Fuel oil trade shrinks at IMAREX
September fuel oil derivative trading volumes down 65% from a year ago.
- Bunker consumption '50% greater than thought'
Reports to IMO expert group suggest global bunker use and CO2 emissions are much higher than earlier estimates.
- Rotterdam market quiet at midday
- Bunkers tight in South African port
Ships could be prevented from leaving Richards Bay Coal Terminal.
- Lukoil cancels Vysotsk expansion
Officials will not even consider expansion till proposed rail links are built.
- Bids pour in to operate storage caverns
Very Large Floating Structures project also moves ahead; phase 1 of feasibility studies complete.
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