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| MARCH 6, 2007 |
Shipping News
- Strong economy helps lift PSA Int'l gain to record $1.2b
PSA International turned in a record net profit of $1.209 billion for 2006, up 14.3 per cent over the previous year.
- STX Shipbuilding earns top Q4 profit in 3 years
STX Shipbuilding Co, the world's sixth-largest shipyard, earned its biggest quarterly profit in almost three years after building more vessels at higher prices and collecting larger contributions from its shipping unit.
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| MARCH 6, 2007 |
- CMA CGM bids to buy Taiwan's Cheng Lie
- NOL and SITC team up to build and run container terminal in Qingdao
- Port of Oakland uses new hybrid vehicles in green drive
- Evergreen launches 7,024-TEU ship at Kobe
- 'K' Line to change terminal operator in Vancouver
- Kuehne + Nagel deploys 38-nation European logistics net
- Boeing takes a leaf out of Airbus' book to slash 7,000 jobs
- American Airlines restores direct Shannon and Dublin services
- Mundays appoints new air cargo and logistics legal chief
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| MARCH 6, 2007 |
- New marketing manager India for Cathay Pacific
- Hamburg Süd's Trident service with weekly departures
- Emirates and Qatar Airways to connect Germany
- Krone investing in Werlte
- Rhenus Logistics invests in Weil am Rhein location
- ITJ Logistics Worldwide at SITL Temps Reel
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| MARCH 5, 2007 |
- Precious MD hints at expansion
- EMSA’s spy in the sky deal
- Foss unveils "Eco-tug"
- Chesapeake Bay grounding
- Grimaldi set to take over Finnlines board
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| MARCH 5, 2007 |
- Trailer Bridge income soars
- Ship total losses continue to fall
- Megginson moves to Marad
- DOF ASA orders anchor handlers at Aker
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| MARCH 5, 2007 |
- Foss eyes construction of true hybrid tug boat
- Matson partners with J.B. Hunt in Ningbo/Shanghai to US service
- Port association plans annual spring conference
- Washington rescue tug assists damaged vessel
- NYK takes delivery of new bulk vessel
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| MARCH 5, 2007 |
- Drive for ship safety sees big fall in casualties
LATEST figures show losses sustained by the global fleet last year were half the level at the beginning of the decade.
- Minister wants to pull plug on BG's Brindisi project
ITALY'S environment minister has called for the revocation of permits granted to BG Group's plan to build a regasification plant in Brindisi.
- 'Eye in the sky' to tackle illegal oil discharges
AN EYE in the sky will be on the lookout for ships discharging oil when at sea in Europe from next month.
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| MARCH 5, 2007 |
- LD takes over from Transmanche
LD Lines, the Louis-Dreyfus subsidiary, has taken over management of the Newhaven-Dieppe ferry service from Transmanche Ferries
- Torm goes long to guarantee earnings
DS Torm, the Danish product tanker and dry bulk shipping company, has raised contract cover to ensure satisfactory earnings in an uncertain market
- Smyril posts small profit
FAROES-based ferry operator Smyril Line has reported a small profit, of £150,000 ($289,000) after four years of significant losses
- US plans tug pollution proposal
NEW and tougher air pollution rules are planned for tugs, the top US environmental enforcer said on Friday
- Last UK builder axes 99 jobs
- Star in casino controversy
- Rokia Delmas to be dismantled, towed
- Cruise drug smugglers jailed
- Scandlines CEO resigns
- Cricket security initiatives will stay
- Surging trade boosts PSA
- China to slash growth to 8%
- China Shipping plans rail network
- Montrose lightering to continue
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| MARCH 5, 2007 |
- Forecast for slowing volume growth shadows direction of rate negotiations
The psychology of rate negotiations will answer the question about the direction of freight rates on the major east-west trades.
- Amendment seeks to codify TWIC criminal exclusions
- APL performance improves
- Kandla sets cargo mark
- Japan to aid Bulgaria port projects
- Washington state container fee proposal shelved
- Slow growth in January for global air freight
- Trailer Bridge net soars
- Maersk, Hamburg Süd join on Americas service
- Eurogate boosts volume
- Emirates joins Inttra portal
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| MARCH 5, 2007 |
- Auckland’s Maersk win has congestion consequences
Maersk’s decision to centralise more New Zealand direct calls on Auckland has had unwanted consequences, with trucks reportedly crowding suburban streets due to terminal congestion.
- PSA sees overseas facilities overtake Singapore
- European retailers publish trade policy wish-list
- Indonesia’s East Kalimantan might be opened to privatisation, if ADB loan fails
- Chittagong container terminal lease signed
- China COSCO Group to inject more assets into Hong Kong unit
- Hanjin and Saigon New Port to build terminal in Ho Chi Minh City
- Latest "E-class" Maersk Line vessel to launch into revised AE7
- Floods cut FreightLink services
- MOL adds South China-Japan links
- Railion and Green Cargo JV to drive German-Scandinavian cross-border trains
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| MARCH 5, 2007 |
- A week in the Chesapeake
Bulker Montrose is still stuck in the mud off US east coast, but crews hope coal lightering will free it by Tuesday evening.
- Reefer stalls off US
USCG to pull recently-purchased South Korean reefer into Washington port after engine failure.
- Tanker rally?
"Contrarian" US analyst predicts OPEC surge in second quarter could fuel rates rise, especially for VLCCs and Overseas Shipholding Group.
- Pacific Basin satisfied
Hong Kong bulker owner happy with 2006 result, despite 26% profit dip year-on-year.
- Jiangsu for IPO
Chinese shipyarsd set to raise up to $300m through Singapore listing.
- Eitzen spring cleaning
Norway’s Eitzen Chemical lets another 22-year-old unit go for a reported $3.4m.
- Chernomorsky in breach
Privatisation of Ukraine shipyard could be reversed because conditions of sale not being met.
- Sales lift Stena
Pre-tax profit up 10% on disposed quintet but freight rates down and heading further south in 2007.
- Golden Ocean gets rid
Oslo-listed bulker owner sells 74,000-dwt unit for reported $50.2m.
- Beltest to sell 10% of Torm
Having failed to find suitor last year for whole 32% share, Greek now willing to let up to 10% in Danish owner go.
- Ferguson failing
Unions and politicians in uproar after Scottish shipbuilder lays off 75% of workforce.
- Cyclone cuts cruise short
Saga Shipping’s Spirit of Adventure forced into remote Madagascar port with elderly passengers stranded in adverse weather.
- Another sickener for Carnival
Holland America Line-operated vessel suffers relapse after second stomach virus outbreak in as many voyages.
- Danes lose two
Thor Rederi and CJ Helt have sold off two veteran coastal cargoships.
- Riga Shipyard slips again
Latvian repairer and hull builder hit by higher raw materials costs in 2006 as profit slumps.
- Torm tumbles
Weaker product tanker market sends profit down a fifth at Danish owner but dry-bulk market on the up.
- Eagle's wings clipped
Leaking fuel tank puts paid to US ferry for time being.
- Mann eyes Russian cars
UK-based shipping line wants slice of Kaliningrad vehicle-export trade.
- Al-Sabah in at Gdansk?
Kuwaiti Emir meets Polish shipyard chiefs to discuss possible takeover.
- STX swings to profit
Korean shipbuilder erased 2005 loss last year as demand for high-value ships picked up.
- CSG inks panamax six-pack
China Shipping Group returns to Dalian to splash out over $300m on series of 76,000-dwt tankers.
- Aussies in large PSC haul
Seventeen ships were detained in Australia in January due to port state control deficiencies.
- Class pairs up
Two of the IACS big boys ink agreements with smaller regional players in Europe and Asia.
- Oh takes over at KRS
Kong-Gyun Oh named as new chairman and chief executive of the Korean Register of Shipping.
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| MARCH 5, 2007 |
- Maersk Line ending U.S. East Coast/Brazil loop
- Trailer Bridge's 4th quarter net income up 41%
- TORM's profit down 21% in 2006
- Maersk names fourth "PS" class leviathan
- Eagle Bulk Shipping reports 4th quarter income down, additions to fleet
- Hanjin to buy shares in S-Oil
- MOL to start new Japan/South China service
- Emirates Shipping Line joins INTTRA
- GAC in deal with Caribbean specialist Alstons
- Megginson named MarAd chief counsel
- Tikka named VP of global technology at ABS
- U.S., EU achieve breakthrough in open skies talks
- Boeing announces end of C-17 cargo plane production
- CP Rail increases dividend 20%
- BDP buys into Mexico's JB Cargo Group
- Singapore company to develop Chinese logistics center
- Furniture maker names new supply chain VP
- Ryder names two new executives
- SEKO names Fitzgerald VP of global sales, marketing
- Washington state drops Alaska container fee plan
- PSA's net income up 14% in 2006
- Red Hook docks remain open
- Hanjin ties up with Vietnam terminal operator
- First feeder vessel calls at Busan
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| MARCH 5, 2007 |
- New agreement signed for eye in the sky
EMSA and the European Space Agency (ESA) has signed an agreement for cooperation in maritime monitoring and surveillance. Under this ...
- Boosted output in Primorsk paves the way for B-MAX project
The new pipeline, that will increase the output of Russian crude over Primorsk considerable, has also brought Stena’s B-MAX ...
- 24 kilo cocaine in crew quarters on vessel in St Petersburg
During an inspection of the vessel San Emeral in St Petersburg, the Russian customs found 24 kilo of cocaine. The ...
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| MARCH 5, 2007 |
- Meeting to consider main engine fuel rules
California seeking further discussions with new regulations already at planning phase.
- Supplier alliance resumes supply
Bulgarian firm back in business in Romania but home market still at a standstill.
- Sales manager leaves Black Sea supplier
- Shipping CO2 emissions worse than thought
New studies show CO2 contribution from global shipping is twice that of airlines.
- ARA market: Smit strike ended
- Hong Kong 'balance only momentary'
Fresh cargoes have arrived to alleviate fuel oil shortages in the bunker market.
- Deal signed to develop Sri Lanka bunker facility
China and Sri Lanka have signed an agreement to develop the latter's bunkering facility in the Hambantota district.
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