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| APRIL 6, 2007 |
Shipping News
- Box rate fears unfounded: Cosco
FEARS that a substantial gap between supply and demand in the container shipping industry would lead to a collapse in freight rates are unfounded, according to a senior Cosco Container Lines executive, who said that the effective gap would be only 1-2 per cent.
- Shipping rates for coal, iron ore may hit record
SHIPPING rates for iron ore and coal may rise to a record this year and gain further until 2010, driven by demand from China and port bottlenecks, executives and analysts said.
- Somali pirates demand ransom for ship
SOMALI pirates are demanding US$20,000 for the return of an Indian-flagged merchant ship and its crew, officials said yesterday.
Admiralty Casebook
- Outbreak of war considered in damages assessment
THE HOUSE of Lords in the UK last week upheld a decision that a charterer only had to pay damages from the time it terminated a charter until the outbreak of the Iraq war and not the full remaining period of the charter.
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| APRIL 6, 2007 |
- Patrick Allain-Launay retires from MOL
- NZ to provide software for new Gdansk box terminal in Poland
- Agility to buy LEP Intl. in Australia & NZ, plus Pan Orient Shipping
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| APRIL 5, 2007 |
- Cruise ship grounds
- Panama Canal makes small changes to pricing proposals
- ITIC warns on legal risks to surveyors
- USCG "meets SAFE Port Act"
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| APRIL 5, 2007 |
- Panama Canal delays toll hikes
- MacGregor reports record ship crane sales
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| APRIL 5, 2007 |
- Kinder Morgan buying Vancouver, BC bulk terminal
- Mitsui plans to expand iron ore carrier fleet
- Port of Olympia presenting annual boating/chowder event
- Greenbrier Companies releases second quarter financial results
- US Coast Guard reaches vessel tracking goal
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| APRIL 5, 2007 |
- Passengers flee grounded cruiseship in Aegean Sea
ABOUT 1,200 passengers evacuate the Sea Diamond after it ran aground half a mile off the dockside of Santorini island.
- OOIL runs into transfer fee roadblock
PORT Authority of New York and New Jersey demands $54m to approve sale of Staten Island port concession.
- Panama Canal delays toll hikes
PANAMA Canal Authority says it will postpone start of new fee structure from May to July.
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| APRIL 5, 2007 |
- Panama Canal delays toll increase
CITY OF PANAMA 05 April – The Panama Canal Authority (ACP) today published a new proposal to restructure the Panama Canal’s pricing system and certain regulations
- Greek idyll comes to grief
THE Greek-flagged cruise ship Sea Diamond has been evacuated with no casualties after it hit a reef this afternoon off the port of Fira on the Cyclades island of Santorini
- Port of Spain backlog after strike
A STRIKE halting all cargo operations at Trinidad’s Port of Spain ended last night, but the backlog could take weeks to clear
- Pemex battles Cantarell plummet
MEXICAN oil giant Pemex is moving to stop the bleeding at its largest field, Cantarell, which lost 20% of its production over the past 12 months
- New maritime legal group for London market
SCOTTISH-based legal practice HBJ Gateley Wareing has concluded a deal to merge with Shaw & Croft, described as London’s first shipping boutique
- Essar goes big on bulk
CYPRUS-based Essar Shipping & Logistics is buying four new Supramax ships and two second-hand Capesizes, for a total $250M, to ship iron ore from Brazil to China
- Russians, Aker trade charges in shipyard fight
- Stena Line posts best profit in 10 years
- Napoli update: Beach re-opened
- Sea Tigers deny base wiped out
- Tampa sails after repairs completed
- Trenitalia comes out of sidings
- Liner conferences still under fire
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| APRIL 5, 2007 |
- Mediterranean Shipping joins TSA
The carrier, which has long operated independently of alliances and discussion groups, is the second to join the TSA this year.
- Panama Canal postpones toll hikes
- Ga., SC governors name port task force
- Bill seeks highway study for North Carolina port
- CMA CGM's Saade warns Marseilles
- Another MSC ship founders off England
- Long Beach honors carriers for 'green' efforts
- Global economy to slow, report says
- ProLogis to expand in Japan, Southern California
- DSR, 2 partners to acquire Scandlines
- NS issues profit warning
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| APRIL 5, 2007 |
- NY/NJ commits to sustained policy of upfront payments from terminal buyers
The Port Authority of New York and New Jersey is committing to a policy of getting investment commitments from investors – even professional terminal operators – in an up-front payment.
- Vote on Smit Rotterdam pay deal within two weeks
No industrial action will be taken over the next week and a half to two weeks by Smit Rotterdam tug crews, as they cast secret ballots on the deal offered by Smit.
- Irish Continental Group examining rival bid
- Maersk facing new NZ shipper backlash
- ACCC nod for Toll split, with conditions
- Indonesian transport sector leans on government for tax cuts and incentives
- Inchon Container Terminal reports surge in operating profit
- More containers, new developments at Port of Basel
- Indonesian forwarder builds co-operation with Lauritzen Cool Logistics
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| APRIL 5, 2007 |
- Panama extends deadline
But shipowners have just 15 days left to oppose far-reaching new pricing plan.
- Saga to float?
Oldies’ cruiseship operation lines up IPO in the second half of 2007.
- Greek cruise ship grounds
All passengers now safe after vessel hits rock on approach to Santorini island in the Aegean Sea.
- Gibson targets biofuel market
UK firm pinches two brokers from Braemar to form new alternative fuel desk.
- Ocean Tankers in share split
Meteoric rise in stock price prompts plan of two-for-one divide just four months after listing.
- Krabbeskars snaps up tanker
Swedish owner buys 1996-built products carrier from Herning Shipping of Denmark.
- Strike threatens Cegielski
Polish ship engine maker faces wage hike or walk-out.
- Samskip buys into Canada
Icelandic container line gains foothold in Bayside with coldstore acquisition.
- Ship rescues two off Guam
Japanese sailors survive two days adrift after typhoon before being picked up by passing car-carrier.
- Maersk wants new terminal
Danish shipping giant eyeing three locations for port investment on US west coast, Canada or Mexico.
- ICG deliberates
Shareholder meeting to discuss management buy-out adjourned as directors consider possible rival offer.
- Kiwi ferry cleared to sail
Interisland Line's Aratere will resume Cook Strait crossing despite broken lifeboat winch.
- Re-float hope in Venezuela
Authorities look for suitable vessel to lighter 20,000 tonnes of crude from aframax grounded in Maracaibo.
- Navios looks for funds
Angeliki Frangou’s bulker outfit files $500m shelf registration with US regulatory authorities.
- Scandlines carve-up close
German and Danish co-owners reportedly agree to disagree and will sell ferry group to two different bidders.
- Heading higher
Reported sale of Nautical Dream suggests that prices for second hand capesizes continue to rise
- Chemoil soars
Second very bullish analyst report has sent shares in Singapore-listed bunker player up nearly 40%.
- MOL in bulker feast
Japanese owner says it will build 44 bulkers ranging from 80,000-dwt to 300,000-dwt by 2012.
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| APRIL 5, 2007 |
- Coast Guard says it met deadline
- MOL to launch 44 iron ore carriers
- Second MSC ship rescued by British coastguard
- Report: Hanjin eyes Israel expansion
- Lines raise Indian subcontinent/U.S. freight rates
- Carriers seek U.S.-to-Asia rate hikes for paper
- Long LNG vessel order book stressing shipyards
- Evergreen, COSCO adding Taiwan, Mexico calls to Asia/Panama service
- CMA CGM upgrades ships on Europe/Caribbean/Brazil service
- Trailer Bridge to call Dominican Republic
- ABS names Artemiev as Russia manager
- Pilot Air's revenue up 7% in 2006
- NYK sells shares in Nippon Airship Corp.
- United's cargo drops 6.5% in March
- CWB enters dispute with CN Rail
- Rendell discusses Pennsylvania Turnpike sale with Peters
- Norfolk Southern expects lower 1st quarter earnings
- FESCO takes control of Transgarant
- New C-TPAT benefit designed to reduce demurrage charges
- BDP takes full ownership of German joint venture
- TT Club names Huxley as EMEA sales director
- UPS survey: China consumer power to exceed U.S. in 10 years
- Pacer awarded $14.5 million in dispute with Del Monte Foods
- USDA tightens import rules against chrysanthemum white rust
- Samskip buying 50% interest in Canadian frozen food specialist
- Dean Warehouse launches new division
- Celestica selects Kuehne + Nagel
- Agility buying Houston's WTS
- Wider quits Panalpina
- Louisiana ports identify $849 million in capital improvement needs
- Georgia, South Carolina name six to port task force
- Report: Maersk mulls terminal in Coos Bay, Ore
- Syria set for first container cranes due to ICTSI order
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| APRIL 5, 2007 |
- Strong growth for TT-Line
In 2006 the number of trucks and trailers carried by TT-Line on the routes Trelleborg–Travemünde and Trelleborg–Rostock ...
- Cell phones cause of collision
The use of mobile phones was a contributing factor to the collision between The Ahlmark Line dry cargo vessel Skagern ...
- LNG officers in high demand
The lack of experienced LNG-officers forces shipping companies to take officers from experienced in other ship types, salaries of ...
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| APRIL 5, 2007 |
- Alaska Tanker, OOCL have 100% green record
Shipowners posting best figures for compliance with port's emissions control initiative.
- 2006 growth for Lubrizol
Lubricant additive supplier overcomes increases in raw material price and lower Q4 sales volumes.
- EMTA raises bunker surcharges again
New round of increases announced after review of bunker costs.
- Rotterdam market firms despite lower crude
- INTERTANKO: Scrubber retrofit 'not easy'
Tanker association continues to call for switch to distillates, cites difficulties with scrubber option.
- Australia: Gladstone supplies recover
Fresh cargoes have arrived to replenish marine fuel stocks.
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