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| JUNE 6, 2007 |
Shipping News
- Port congestion will worsen: APL
APL Ltd, the container shipping unit of Neptune Orient Lines Ltd, expects congestion at ports to worsen without investment in infrastructure, railways and roads.
- Cosco Pacific keen to invest in Greek ports
CHINA's Cosco Pacific , the world's second-largest shipping company, is keen to invest in Greek ports to take advantage of economic growth in south-east Europe, its deputy director said on Monday.
- Greek shipowners place US$2.3b orders
SHIPOWNERS in Greece, the biggest ship-operating nation, spent US$2.3 billion on new vessels in May, 28 per cent less than in the previous month, because they were unable to secure yard-building slots, broker George Moundreas & Co said.
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| JUNE 6, 2007 |
- Cosco Pacific's hedge scheme shifts from containers to diversified ports
- China Merchants Logistics acquire P&G transport contract
- Work on US$104 million Xiamen logistics centre starts
- APL targets growing East Africa market with new service
- GES to open offices in Hanoi, Chennai and Bangalore
- Oceania VSA alters west coast N America-Australia-New Zealand services
- Korean Air to start budget operation within three years
- Decartes gets Cargo 2000 certification
- Envirotainer to increase temperature-controlled container fleet
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| JUNE 6, 2007 |
- APL sails into East Africa ex-Nhava Sheva with new service
- Clarksons eyeing slice of Indian shipping pie
- 75 pc rise in wine exports from state
- India, Brazil aim at $ 10-bn bilateral trade by 2010
- India blocks US move for WTO panel to probe duty on liquor
- US asks WTO to act against industrial subsidies
- Haldia, Cochin port connectivity projects to take more time
- NMP deftly handles 228 pc spurt in April-May coal traffic
- Feasibility report doubles TPT’s outer harbour cost estimates
- VPT formulates Rs 35-cr. plan to beef up rail infrastructure in Port premises
- Nath seeks EPCs’ inputs on cushioning rising rupee’s repercussions
- Ministry seeks sops for textile exporters
- Cost of trading across Saarc borders highest in world-Fieo
- 7-point plan to revamp integrated textile parks scheme on anvil
- Govt aims at attracting $ 30-bn FDI in 2007-08
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| JUNE 5, 2007 |
- J. Robert Bray completes his career at the Virginia Port Authority on July 1
- Team Lines to call at DCT Gdansk
- Swiss to fly to Shanghai and Delhi
- Toll road boom in China
- New Geodis Wilson brand launched
- Russian Day at Transport Logistic Fair
- A warm welcome from the ITJ at transport logistic
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| JUNE 5, 2007 |
- "Shipping becoming an attractive career": BIMCO president
- HFC ban looms
- ITF activists visit vessels
- MOL holds top level safety and training meeting
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| JUNE 5, 2007 |
- Port of Spain pilots get fast RIB
- Another $191.1 million for DDG 1000
- FMS award for MTU Detroit Diesel
- Wartsila wins orders for 82 cm bore engines
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| JUNE 5, 2007 |
- BV listing marks breakthrough for class sector
BUREAU Veritas will become the first classification society to operate as a quoted company.
- Paris listing for BV
- ABS fails in bid to dismiss Prestige case
US judge rules against class society's motion to dismiss lawsuit brought by Spain.
- Cobelfret swoops for Ferryways
BELGIUM operator adds Ostend-UK company to its ever-expanding portfolio.
- Sister is doing it for herself
APM Terminals is distancing itself from its sister company to become a true common user ports business.
- BIMCO’s Asian focus
THE choice of Hong Kong as a venue for BIMCO'S meeting is yet another recognition of its global outreach.
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| JUNE 5, 2007 |
- ABS denied Prestige dismissal bid
NEW YORK 05 June – A New York District Court judge has denied ABS’ call to have Prestige case damage claims dismissed because of Spain’s failure to preserve electronic evidence
- EU transhipment under threat
A warning that EU transhipment trade could be hit by Customs initiatives was given by an industry body developing software to deal with the changes
- Constant & Constant agrees takeover
LONDON-based law firm Constant & Constant, which has a strong presence in the Greek market, has been snapped up by TLT Solicitors
- Canadian pipelines undercutting tankers
THE growing impact of Canadian crude oil as a counterbalance to US tanker imports has been underlined by another major pipeline proposal
- Dutch inspections 'take too long'
DUTCH owners believe the length of time taken by the Netherlands Shipping Inspectorate to process registration and recruitment documentation is hindering growth
- EU ministers set out probe principles
EU transport ministers meet on Friday to agree on a proposal for a directive setting out the principles governing the investigation of maritime accidents
- Revolution hits Brazilian ports
- Panama opens management tender
- Oman braces for worst storm
- Cobelfret takes over Ferryways
- Germans back clean air initiative
- Cosco warns against oversupply
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| JUNE 5, 2007 |
- China spending targets rail development
Beijing to spend millions to help move containers from gateway ports such as Shangshai (left), to critical inland destinations.
- UN chief backs Panama plan
- Shanghai, Savannah to track boxes
- Japan plans deepest box terminal
- Evergreen adds trans-Pac ship
- DP World wins Senegal contract
- Kuehne & Nagel extends Mexican border brokerage network
- IATA doubles profit forecast
- Japan, EU in customs pact
- TSA files India addendum
- Oceania vessel lines to upgrade Australasia services
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| JUNE 5, 2007 |
- NYK start Liner service from Asia to Tunisia and Morocco via Grand Alliance link.
- More growth in China for Russian FESCO Transport Group
- FEFC carriers hike up Asia / Europe rates – correction
- ASM casts doubt on new EU customs regulations
- Federal mediator seeks end to CP Rail strike
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| JUNE 5, 2007 |
- Winging it
Finlay was a blabber, Sjaastad was serious and Pickering profane, or so says the "so-so" Richard Wingfield.
- Kiwi connection
Key Stolt figure Richard Wingfield makes his points with Philly judge by remote from Auckland, denies running price-fixing ring beyond March 2002.
- Paragon goes public
Private equity shareholders in Michael Bodouroglou’s Paragon Shipping are selling their stakes to the public.
- Meba wins LNG jobs
Another US maritime union has won jobs for its members in LNG shipping.
- Teekay sells tanker and a half
Teekay is taking $160m off of its Teekay Offshore Partners spinoff in exchange for one and a half shuttle tankers.
- Dismissal is sunk
The defendant is back on the defensive after a US judge rejected an ABS bid to dismiss Spain's billion-dollar Prestige lawsuit.
- Box lines counter costs
EMERA and IPBCC members raising rates in response to higher expenses, delays and congestion.
- Cobelfret buys Ferryways
Belgian owner snaps up MSC-linked UK to Begium ro-ro operation.
- Zero for Solstad
Norwegian owner fails to win single share in rival Rem Offshore following hostile takeover bid.
- Another magic pipe
Athenian Ship Management bulk carrier detained in US last month with an oily-water separator bypass.
- Cosco to build in Dalian
Chinese group wins deal for new shipyard to supplement Cosco Dalian.
- Denmark mum on Danica White
Owner and foreign ministry keeping counsel as ship held off Somalia apparently spotted at pirate port.
- RCL inks feeders in China
Thai intra-Asian liner operator snaps up pair of 1,019-teu ships with very early delivery dates.
- Stowaway ship held in Korea
Six-hour air and sea chase ends in vessel’s detention after 88 illegal immigrants found in cargo hold.
- More bonds for BLT
Indonesian tanker owner finds plenty of takers for its rupiah-denominated issue.
- New terminal for Fesco venture
Shipowner's Russian Troika cooperation with Russian Railways to build new import facility in Vladivostok.
- APL plans India-Africa link
Singapore-owned liner operator to launch new weekly service linking India and East Africa.
- Euronav eyes buy
Belgian tanker owner on the prowl for tanker acquisition having passed up shot at OMI.
- Halim Mazmin targets purchases
Malaysian owner in the market for four bulkers and tankers if second-hand prices ease this year.
- Newcastle bans slowcoaches
About 50 panamax bulkers have been blacklisted from Aussie port due to slow loading levels.
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| JUNE 5, 2007 |
- Widdows takes case for freight infrastructure to European ministers
- Maersk raising U.S. inland fuel surcharge
- APL starting Indian subcontinent/East Africa link
- Mitsubishi Heavy launches ninth 7,024-TEU vessel for Evergreen
- Maersk Contractors sells three drilling rigs
- Andrasick, Arntzen, Reinhart share AOTOS Award
- Delta begins flights to Seoul, Bucharest
- Carlyle Group acquires majority stake in rail IT provider RMI
- U.K. government awards rail freight grants
- Talks falter on U.S. Customs station in Canada
- Schenker, BAX Global complete merger in Hong Kong and Macau
- Caterpillar promotes Panama agreement
- Multimillion-dollar fake Nike case brings more guilty pleas
- Volkswagen Group UK renews contract with CEVA Logistics
- ASM software project aims to comply with EU's shifting customs demands
- Kuehne + Nagel buys Romero and McNally to extend Mexican border network
- Crane-mounted radiation detector system enters second phase of testing
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| JUNE 5, 2007 |
- Stena vessels nearly ruined Fosen Mek
The two Stena vessels built by Fosen Mek Verksteder (FMV) has been an economic catastrophe for the yard and losses ...
- Huge Fredriksen profit on STX investment
John Fredriksen invested a little less than USD 90.0 million to buy 13 per cent of the shares in Korean ...
- Still no contact with Danica White
A general warning has been sent to all Danish ships giving information about the Danica White’s hijacking off the coast ...
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| JUNE 5, 2007 |
- Chile, Uruguay avails situation updated
High seasonal demand in Chile as Uruguay saga takes another turn.
- New supply option in Mexico available
Supplier opening new blending facility to meet expanding demand.
- Bunker company in storage joint-venture
Antwerp bunker company involved in acquisition of Vopak terminal.
- Bunker hub suspends operations
Fujairah hit by tropical cyclone, suppliers waiting for instructions.
- Chemoil indicates size of its Fujairah ambitions
CEO says a 25-30% market share would be 'good'.
- Middle East fuel oil cargo price slides
Players say market may be returning to normal after months of tight supplies.
- Rotterdam market firms
- DNVPS stands by its bunker alerts in Thailand
Fuel testing company repeats claim that samples showed high levels of Aluminium and Silicon.
- MOL stops lifting of 180 cst in Thailand
Japanese liner cautious over 'off-spec cases'.
- China conducts largest ever oil spill exercise
More than 500 people in the drill off the port city of Qinghuangdao.
- Philippine to establish oil spill fund
New act comes 10 months after the country's worst fuel oil spill.
- S Korea prices drop on improved supply
Bunker demand expected to stay moderate in the short term.
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