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| NOVEMBER 5, 2007 |
Shipping News
- Sinotrans plans US$1.47b HK IPO
China's third-largest dry-bulk shipper, Sinotrans Shipping Ltd, plans to raise up to US$1.47 billion from its Hong Kong share flotation thanks to a global shipping boom, sources familiar with the deal said yesterday.
- Proposals to stem Penang Port losses
Penang Port Sdn Bhd (PPSB) has drawn up three proposals to help arrest its annual RM13 million (S$5.6 million) loss in operating the ferry service between the island and the mainland.
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| NOVEMBER 5, 2007 |
- TSA lines to raise rates US$400 per FEU on east-west Pacific
- Rate increase pushes up Evergreen's quarterly profits 12,800pc
- Swedish Club fetes 25th anniversary in HK, plans to grow in Asia
- NOL's quarterly results show 50pc profit increase
- New contracts help Geodis post 32pc higher revenue in third quarter
- Panalpina achieves 33pc profit growth in first nine months
- United Eagle launches Chengdu-Guangzhou daily service
- SAS Cargo boosts capacity to Bangkok and Dubai from Scandinavia
- Continental Airlines to speak at Goldman Sachs conference 2007
- DHL launches disaster response team for Middle East and Africa
- SF Express builds distribution facility in Shandong Airport
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| NOVEMBER 5, 2007 |
- RIL signs $ 935-m deal with Transocean to hire ultra-deepwater rig
- Maersk Logistics launches new service to lower carbon emissions in global supply chains
- Mumbai Port registers 12.05 pc rise in cargo throughput during April-Oct.
- Nicolas Piramal arm despatches its 1st export FEU ex-MICT
- Single day MAP unloading record set at Vizag Port
- GTI handles all-time high 1,15,000 TEUs in Oct.
- Efficient functioning brings back old customers to ABGKCTL
- PRCL's plan to run triple-stack container trains cleared
- Chinese logistics market valued at $ 267.5 bn
- India tops in anti-dumping probes-WTO
- I-T dept not to collect tax from cos exporting to US
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| NOVEMBER 5, 2007 |
- Emirates Skycargo bolsters UAE Operations with VP appointment
- Strong quarters for MOL, "K" Line
- Swiss WorldCargo adds a "new daily" to New Delhi
- Lufthansa Cargo to resume flights over Russia until 15 November
- Hub Group with record income
- Egypt to host 3rd Trans Middle East 2007 conference
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| NOVEMBER 2, 2007 |
- P&I claims surge "due to human error"
- Aegean buys Portland Bunkers
- Foss tugs switch to ULSDF
- US Senate moves on UNCLOS ratification
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| NOVEMBER 4, 2007 |
- Bush vetos WRDA
- Somali pirates free two ships
- Nichols Brothers closes doors
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| NOVEMBER 2, 2007 |
- TSA member carriers plan revenue/cost recovery program
- US rail freight totals continue downward slide
- Airport Futures meetings scheduled to discuss PDX
- Foss fleet moving to low sulfur diesel fuel
- Retirements, new hirings at Port of Longview
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| NOVEMBER 2, 2007 |
- Louis blames chart for Sea Diamond sinking
OPERATOR of the ill-fated cruiseship blames erroneous official charts for its sinking.
- Louis cuts losses despite Sea Diamond sinking
- Tanker operators face uncertain future
OVERCAPACITY and shorter voyages could send rates for crude oil tonnage tumbling over the next three years.
- HHLA share offering generates strong interest
HAMBURG terminal operator makes strong debut on the Frankfurt and Hamburg stock exchanges.
- Saipem constructs a solid platform
ACQUISITIONS have been crucial to the group's recent progress.
- Sitting at the top table
THE ratification of UNCLOS by the US Senate looks set to go ahead.
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| NOVEMBER 2, 2007 |
- Wilhelmsen: good results won't last
WILH Wilhelmsen, the listed Norwegian vehicle carrier and maritime services group, quadrupled net profit in 3Q07 but has warned of problems ahead
- Cuba cruise revenues up in smoke
- Union blocks French port reform
- Valencia blocks Greenpeace ship
- New service for Oz nickel trade
- Fred Olsen pitches into tax law row
- Strong real to boost Brazil cruises
- Carnival wants golden oldies' gold
- Thoresen takes 49% Equinox stake
- SCI plucky despite profit plummet
- Box lines propose steep rate hikes
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| NOVEMBER 2, 2007 |
- Transpacific Stabilization Agreement plans rate hikes, floating bunker charges
Fourteen box carriers serving the Asia-U.S. trade announce five-point plan to increase revenue amid rising costs.
- Bush vetoes water bill
- Larger cold warehouses to comply with security rules
- Box trade can absorb capacity influx: Evergreen chief
- New CEO takes helm at A.P. Moller-Maersk
- Bayonne to re-open bidding for port site
- CMA CGM to sell boxships
- Intermarine adjusts surcharges
- MOL names SE Europe agent
- Asia-Australia lines raise bunker fuel charges
- HHLA shares debut
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| NOVEMBER 2, 2007 |
- A Superjumbo jet or a super post-panamax container vessel, a common congestion problem?
The world's largest passenger plane, the Airbus A380 took off from Changi Airport, Singapore on Thursday of last week, October 25, on route to Sydney, Australia making its much lauded maiden commercial flight.
- Japan's liners on a roll
- K Line joining ASA
- COSCO expects a 30% increase in profit for the year
- Australian stevedores' returns still too high: ACCC
- Nobara plans targeted by environmental groups
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| NOVEMBER 2, 2007 |
- Shipyard to close
Bollinger's Katrina-ravaged yard takes another hit as link to the Gulf closes.
- Bush draws veto pen
US President George Bush vetoes a massive water resources bill that includes inland waterway projects sought by the shipping industry.
- Shipbreaker vanishes
After a legal battle, North American Ship Recycling has abandoned at least one Marad ship, as well as its Baltimore yard.
- Norwegians join K Line
Norwegian shipmanagers team up with Japanese owner in its venture into offshore supply vessels.
- Ukrrichflot's big issue
Ukrainian owner selling 71m new shares after being bought by two domestic investors.
- NCSP leads Russian revival
Black Sea port banks $1bn from London sales today as Russia fights back.
- Drunk Jork master jailed
Polish master of Germany vessel which crashed into North Sea platform gets one year sentence in UK.
- CalMac orders in Poland
Remontowa wins deal for Scottish ferry owner's new 550-passenger ro-ro.
- Russian giants look north
Arctic shipping set to be top target for the Novoship and Sovcomflot alliance, Russian analyst says.
- Chart blamed for Sea Diamond sinking
Louis Hellenic Cruises says chart used by captain of ill-fated cruiseship had erroneous information which led to sinking.
- Sky's the limit for OOIL
Hong Kong-listed owner splashes out $308m in its latest spending spree.
- Precious pushes on
Big-spending Thai owner sees profits climb and expenses fall.
- VOS profits up 20%
UK offshore owner made a fifth more money in 2006 ahead of its May capture by Vroon.
- Fears for Golden Sky
Samios bulker held at Ventspils in legal row could break up in storms, local representative says.
- PNSC banks a packet
State-owned line sees first quarter profits climb 86% on back of higher freight rates.
- South goes North on yard mission
South Korean team visits northern neighbours for feasibility study of new block plant and shiprepair centre.
- DP World cries foul
Dubai terminals operator says India's Mundra port has not made "adequate disclosures" in IPO prospectus.
- Five for GulfMark
US owner orders anchor-handlers and supply ships at home and abroad as third quarter falls from 2006 peak.
- Aegean buys UK facility
US-listed Greek bunker company continues acquisition spree with purchase of Portland Bunkers.
- Hamburger Hafen nets $1.69bn
German port operator will use Frankfurt listing to finance development plans.
- KHI cracks it
Japanese group boosted by better shipbuilding returns in first half.
- Thoresen takes PT Equinox stake
Thai shipowner expanding into Indonesia with acquisition of 49% stake in Tim Cottew outfit.
- Tomsk aground in Caribbean
Sovcomflot LPG carrier stuck on reef off Dominican Republic after breaking loose in tropical storm.
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| NOVEMBER 2, 2007 |
- TSA raising rates, surcharges, alters contract timing to recover fuel costs
- Evergreen chairman downplays overbuilding threat
- New company will purchase, charter ships to CMA-CGM
- OSG U.S.-flag spin-off prices common units
- Tropical Shipping's 3rd quarter operating profit down 17%
- "K" Line investing in offshore support vessels
- MOL hires agents for booming Southeast Europe market
- ABX Air to acquire Cargo Holdings International
- Lufthansa Cargo banned from flying over Russia
- BA World Cargo raising fuel surcharge
- N.Y.-N.J. Port Authority takes control of Stewart International
- UP speeds up
- Ex-FDA officials: U.S. drug import oversight "grossly inadequate"
- IEEPA strengthens BIS enforcement for export violations
- Commerce's Validated End User program takes off
- Panalpina's profit up 33% for year
- EU officials ridicule 100% scan-all law
- Judge dismisses racketeering suit against ILA
- Malaysian port expected to handle 15 million TEUs this year
- Slow-moving Noel inflicting more damage
- Stevedores strike briefly in St. Kitts
- Israel's Netanyahu tours Panama Canal
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| NOVEMBER 2, 2007 |
- Parliamentary hearing on Norwegian shipping tax
Norwegian finance minister Kristin Halvorsen will attend a parliamentary hearing on the controversial shipping tax proposal now before Norway's parliament (Storting). Also attending the hearing will be two leading law professors, Frederik Zimmer and Eivind Smith and a high court ...
- Aker Yard to built four PSVs for "K" Line
Aker Yards Brevik is to build four 5,100 DWT platform supply vessels (PSVs) for Japanese owners "K" Line Offshore under a contract worth NOK 1.4 billion. In August the two parties signed a contract for construction of two AHTS ...
- Oil prices force Scandlines to raise prices
The high oil price has now forced Scandlines to raise the prices on the two international services from R'dby to Puttgarden and Gedser to Rostock. An ordinary ticket from R'dby will go up with DKK 20 and DKK 25 on ...
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| NOVEMBER 2, 2007 |
- US bunkers firm further to end week
- Foss goes ultra low
Further emissions reductions as company switching to cleaner fuels.
- 'No changes' in Lukoil/Burando partnership
Companies highlight that Chemoil's acquisition of stake in Burando has no impact on control of terminal.
- Future of Pakistani bunker player in doubt
Business associate announces departure from recently established bunkering company.
- Record oil price still below 'real' highs
Adjusted for inflation, recent record oil prices are not historical high.
- Rotterdam market remains firm
- Raise output to prove reserve, EU tells OPEC
EU Energy Commissioner says OPEC would be making the 'right decision' if it raises output.
- Slowing demand worries Singapore suppliers
Bunker sales have taken a blow as 380 cst prices surged past $500 pmt.
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