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| FEBRUARY 6, 2007 |
Shipping News
- Proposal to increase Panama Canal tariffs
THE Panama Canal Authority has proposed the first of what is likely to be a series of toll hikes for the waterway as Panama begins preparing for the historic US$5.3 billion dollar expansion of the 92-year old key link to the US west coast.
- PSA's Viet JV to build container port
SP-PSA International Port Co, a joint venture between Saigon Port and PSA Vietnam Pte Ltd, a wholly-owned subsidiary of PSA International, was granted a licence to develop a new container port in Vietnam's Ba Ria-Vung Tau province, with the view of turning it into a major shipping hub for Indochina.
- Samsung Heavy, Daewoo win US$2.37b LNG tanker orders
SOUTH Korean shipbuilders have won huge oders to build liquefied natural gas carriers valued at US$2.37 billion, as analysts forecast a tripling of global demand for LNG by 2020.
- China shipbuilders' profit margin trebles over 3 years to 10%
- 16 carriers plan to raise Europe-Asia rates from March
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| FEBRUARY 6, 2007 |
- NYK and Panalpina agree on global co-operation
- Cosco Logistics to take over Aucma's RDCs
- Fast track customs clearance boosts Fuzhou's 2006 box volume
- Hebei ports handle 332m tons of cargo in 2006
- Beihai to build Tieshan port branch railway line
- DRS Logistics to build warehouses in 6 Indian cities
- US Port of Vancouver Commission approves plan for major growth
- NWMTA new office bearers
- Air New Zealand 'surprised' by allegations of price fixing
- Indian airfreight shippers look to ocean going options to cut costs
- Amsterdam's Schiphol Airport to host international forum in 2010
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| FEBRUARY 6, 2007 |
- World’s top 10 shipping lines raise global market share to 60 pc
- CKYH Alliance plans new E. Med routes
- DP World makes major foray into China
- Cosco & CMA CGM to launch joint West Asia-Med service
- Maersk takes delivery of new vessel
- TBS Commercial & V.Ships form JV
- Shipowners pay $ 3 bn for used vessels in Jan.
- Aktiv Group launches first freight payment bond for China market
- OOCL revenue rises by 5.6 pc in 2006
- GAC Shanghai gains WOFE status
- MOL to upgrade CSW service
- Lines revise bunker charges
- K Line , China Shipping launch Europe-S. America service
- Seaworld Group opens another empty box depot at D Node
- US investors making beeline for India
- India, Iceland MoU to tap marine wealth soon
- Iran Minister seeks JVs with India
- WTO rules against US imposition of anti-dumping duty on shrimp
- Gulf’s appetite for Indian food may increase
- IT services exports fetch $ 23.6 bn
- MoS keen on SCI-Mazagon Dock-Major Ports JV to meet dredging needs
- Port workers defer strike plan
- PPT draws up major plan to double handling capacity in 5 years
- Mundra Port establishes new performance benchmarks
- Mangalore-Hassan rail link boosts freight movement at NMP
- Vizag Port continues setting new handling records
- CONCOR handling Rlys’ bulk export cargo at DRT-CFS
- GDP growth for 2005-06 revised upwards to 9 pc
- 1st privately-owned textile park materialising near Ahmedabad
- Countdown to the Budget session
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| FEBRUARY 5, 2007 |
- Ex-Panalpina head Sidler joins EGL Eagle Global Logistics
- Panama Canal proposes new pricing system
- BAWC revenues down
- Kombiverkehr with nightly Duisburg/Wuppertal-Nuremberg services
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| FEBRUARY 5, 2007 |
- Panama set to change Canal pricing
- MSC Napoli fuel removal "almost complete"
- Increased expenses hit Odfjell
- Neptune LNG Project to get licence
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| FEBRUARY 5, 2007 |
- Korean yards book more LNG ship orders
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| FEBRUARY 5, 2007 |
- Port of Vancouver eyes purchase of Alcoa/Evergreen Aluminum property
- Arild Iversen named Wallenius Wilhelmsen Logistics CEO
- Portland Airport noise committee schedules public meeting for Feb. 8
- Government dredges take over Columbia River deepening work
- Royal Bank of Scotland funds purchase of OOIL terminals
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| FEBRUARY 6, 2007 |
- Navios swoops up Kleimar for $165m
ACQUISITION propels the Angeliki Frangou-led company into the capesize sector for the first time.
- Navios ready to jump ship to the NYSE
- Qatar Gas builds up giant LNG fleet
QATAR Gas orders four 210,000 cu m ships worth almost $1bn from Daewoo Shipbuilding and Marine Engineering.
- More BW Offshore targets merger with Advanced Production
BW Offshore is seeking to merge with Advanced Production & Loading to gain access to its submerged turret and mooring systems.
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| FEBRUARY 5, 2007 |
- Pan Canal plan shows steep toll rise
PANAMA CITY 05 February – Panama Canal tolls are to increase by an average of 10% a year until 2009, under the new rate plan announced on Friday by the canal authority (ACP).
- Maersk ship holed, spills oil
THE 1,645-teu Maersk Vienna struck a berth at Baltiysk terminal at Kaliningrad yesterday, holing the vessel, rupturing a fuel tank and spilling fuel into the water
- Probe launched into fast cat collision
THE fast ferry Sea Express I collided with the Greek bulk carrier Alaska Rainbow in thick fog on Saturday morning as the ferry was approaching the UK port of Liverpool
- CalMac launches cadet scheme
SCOTTISH Executive-controlled ferry operator Caledonian MacBrayne has launched an officer cadet programme for the first time in its 150-year history
- ASRY invests for growth
WORK has started on the construction of a new slipway at the Arab Shipbuilding & Repair Yard in Bahrain
- Navios Maritime buys Kleimar
NAVIOS Maritime Holdings has moved to secure a foothold in the Capesize sector by acquiring Belgian bulk carrier operator Kleimar
- Iversen appointed CEO at WWL
- Cruise 'Wave Season' worries grow
- Overhaul for Pan Canal cruise tolls
- Two-day tow after ferry engine stops
- Nordkapp passengers arrive at Ushuaia
- Churchill calls need approved vessels
- DPW faces Indian legal concern
- NYK signs 24-year COA with Baosteel
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| FEBRUARY 5, 2007 |
- Customs gets 8% budget increase
DHS proposal hikes spending by Customs and Border Protection by nearly $800 million to $10.2 billion.
- Federal port spending not enough, say port officials
- Bush asks $67B for transport
- New box ship orders dry up
- Budget office says scan-all will cost $160 million
- New Wilmington cranes damaged in dredge collision
- UPS orders Boeing long-range freighters
- Crews salvage Napoli boxes
- NYK in 24-year charter for China ore
- FedEx launches long-haul LTL
- PSA wins Vietnam port deal
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| FEBRUARY 5, 2007 |
- PSA gains approval for US$200m Vietnam port project
PSA International will build its first terminal in Vietnam in Vung Tau with joint-venture partner Saigon Port with the first phase to be operational in 2009.
- Analysts shake off fear of over-capacity
Investment bank Credit Suisse lifted the ratings of several Asian container lines today, saying freight rates had bottomed and forecasting an up-cycle to begin in 2008, Reuters reports.
- Australian union resists terminal competition
- PSA agreement on Gwadar Port to be signed tomorrow
- New South Wales makes another try for Newcastle terminal
- South Korea plans co-operation with smaller ports in China and Japan
- CN increasing capacity at Toronto intermodal terminal
- Tschudi Shipping consolidates acquisitions, with Benelux bureau
- Final environmental documents filed for Seattle T-30 "reactivation"
- FastShip aims to capture 1.8% of Transatlantic seafreight, with 4-day service
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| FEBRUARY 5, 2007 |
- Ukraine grain rot
Ukraine looks likely to relent only marginally on export restrictions that have bulkers waiting and cancelling at Odessa.
- Navios wins Kleimar
Angeliki Frangou forks out $166m to add Belgian COA shipping specialist to Nasdaq quoted venture.
- ‘Two tough tanker years’
Brokerage McQuilling says VLCC rates will dip below break-even in 2009 before single-hull scrapping gets serious.
- TS Marine inks duo
Astilleros Huelva yard in Spain to build two subsea decommissioning ships for UK owner.
- GAC scores LNG contract
BG has awarded port agency group GAC a contract to provide hub and port agent services for its LNG fleet.
- RCCL slides on fuel
Annual profit drops 11% at Royal Caribbean as bunker prices and marketing expenses soar.
- Esvagt lands Statoil ships
AP Moller-Maersk unit to supply two newbuildings for emergency response work.
- Goodearth denies HSL bid
Indian owner says it has "no designs" on domestic yard which is building its new bulkers.
- Dyvik leads WW shake-up
New finance and logistics chiefs at Wilh Wilhelmsen, while deputy boss Sjur Galtung has a little less on his plate.
- BW Offshore wants APL
Oslo-listed FPSO owner seeking takeover of turret mooring systems manufacturer.
- Jack Maybank dead
Founder of US break-bulk line Maybank Shipping and pioneer of Cuban trade dies at the age of 64.
- BE looks to Poland
Danish Baltic islands ferry operator wants to branch out with route to Kolobrzeg.
- Azuma looking up
Japanese bulker owner heading for higher profit in year to 31 March as revenues grow.
- New fund for Lloyd Fonds
German KG to kick off six-boxship fund in March with equity of $180m as 10% increase in profit announced.
- Sea Production in business
Frontline's newly spun-off FPSO venture is up and running with $180m of equity.
- Ships collide on Mersey
Inquiry launched into collision on famous Liverpool waterway between Greek bulker and ro-pax.
- Somali port under fire
Islamists step up opposition to government and Ethiopian forces with rocket attack on Mogadishu port.
- ...as it offloads tankers
CSG sells three small products carriers for further trading as well as a handysize tanker for scrap.
- CSG books VLOCs
Chinese shipping giant spends large on four Very Large Ore Carriers at Guangzhou Longxue.
- PSA gets Vietnam go ahead
Singapore port operator has got the green light to develop its first terminal project in Vietnam.
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| FEBRUARY 5, 2007 |
- British transport minister defends "MSC Napoli" grounding
- UASC’s profits down in 2006, expansion continues
- NYK wins iron ore contract with Bao Shan
- UPS orders 27 Boeing 767-300ER freighters
- U.S. international air cargo up 6.4% in 2006
- CN boosting container-handling capacity at Toronto intermodal terminal
- BNSF sets weight limits for containerized grain
- H.R. 1 comes with hefty price tag
- China tea exports flourish
- Southern California logistics rail center gets exploratory go-ahead
- Blocked port deal has hurt foreign investors, DP World lawyer says
- China shipbuilding volume grew 20%
- Hutchison starts Ecuador port concession
- PSA moving into Vietnam with joint venture terminal project
- Sea Launch platform survives explosion
- Cranes damaged during delivery to Wilmington, N.C.
- Port of Vancouver to purchase aluminum smelter site
- BG LNG Services selects GAC for hub agency contract
- Fraser River port fixing rock wall to reduce dredging needs
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| FEBRUARY 5, 2007 |
- Temporary repairs to Nordkapp
Inspection by divers has revealed several gashes in the bow section on the Hurtigruten cruise vessel Nordkapp caused by a ...
- Norwegian frigate refused clearance
One of Norway’s new frigates, the Fridtjof Nansen, has been refused clearance to sail because the crew’s fire fighting skills ...
- MSC Napoli insurance claims may reach USD 100 million
Insurance claims for cargo lost in the MSC Napoli accident may reach USD 100 million, British papers speculate. Insurance companies ...
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| FEBRUARY 5, 2007 |
- Tesoro scoops up Shell refinery
Refining and marketing company expanding operations with refinery and terminal purchase.
- Double-digit growth predicted for global shipping
Growth in Asia and Middle East boosting demand for shipping and port expansion.
- Singapore's carbon footprint skewed by bunkers
Report puts Singapore per capita energy consumption near top of list and above US.
- ARA market holds firm
- Cruise vessel in Antarctic pollution alert
Fuel leaks into water during transfer to reduce spill risk following grounding.
- Bunker oil slick spotted
The Philippine Coast Guard find bunker oil in a mangrove area in Palawan.
- Titan seeks calmer seas
Titan CEO seeks to reduce earnings volatility and to address concerns regarding its single-hulled vessels ahead of MARPOL regulation.
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