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| AUGUST 6, 2007 |
Shipping News
- Bush signs bill for tighter security
President George W Bush signed into law recommendations of the independent Sept 11 commission, a major legislative promise by Democrats in the 2006 campaign.
- North European firms switch to fuel cell engines
A group of north European companies aims to show how fuel cells can clean up ship engines, which now use filthy fuels such as oil refinery residues and can spew out hundreds of times more pollutants than automobiles.
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| AUGUST 6, 2007 |
- OOIL massive profit leap mostly attributable to sale of terminals
- New India Express container service calls at Shenzhen's SCT
- HK's Kerry Logistics expands UK trucking fleet
- Portek restructuring to cost US$2.04 million in 2007
- EGL shareholders approve of CEVA merger
- EAGA transport ministers sign air, sea transport agreements
- Schwerin-Parchim Airport plans transit hub role for China freight
- Taiwan's CAL breaks into China's air cargo market
- Jamaica explores feasibility of air cargo hub
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| AUGUST 6, 2007 |
- Sea Consortium to launch NCC service directly linking N. China with Chennai
- Maersk Lines’s new reefer initiative to put India on world banana export map
- India-Pakistan business boom seen as springboard to deepening trust
- ACT achieves record discharge rate for non-coking coal at Kandla Port
- TPT celebrates 33rd anniversary of declaration as Major Port
- Punj Lloyd acquires 25 pc stake in Pipavav Shipyard Ltd
- Railways estimates Rs 305.29 cr. additional earnings from freight incentive schemes
- Gati’s box vessels to call at VCT regularly
- GMB bifurcation move put on hold
- Ficci’s survey makes out strong case for more export sops
- RBI spells out new L/C negotiation norms for banks
- Let Bangla FDI flow in, Nath urges Chidambaram
- ICD-Durgapur’s fortunes hinge on industrial boom
- Brahm Dutt takes charge as Road Transport Secy in MoS
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| AUGUST 4, 2007 |
- Homemade sub breaches QM2 security zone
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| AUGUST 3, 2007 |
- Vancouver Port Authority reports improper disposal of dredge material
- Oregon governor signs bill to fund ConnectOregon II
- Vessel up for auction at Port of Anacortes facility
- Grant helps Port of Everett upgrade marina electrical service
- US rail freight traffic sees another down week
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| AUGUST 3, 2007 |
- NYK takes full control of NYKLauritzenCool
NO strategic changes after Denmark's J Lauritzen sells its stake and pulls out of reefer sector.
- NYKLauritzenCool gets timing right for sale
- Brussels slams 100% box screening plans
COMMISSIONER accuses US law makers of offloading its security concerns onto its trading partners.
- OOIL rakes in hefty $2.22bn profit
HONG KONG group posts 690.1% rise in net profit to almost $2.22bn in the first six months of this year.
- Testing the waters
A REPORT reveals the tense relationship between British Waterways and its responsible government department.
- Answering the alarmists
A PROSPECT of more US manned, and hopefully US-flag, ships ticks a lot of boxes in places where it matters.
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| AUGUST 3, 2007 |
- US port records, but no congestion
Projected record volumes at US ports in August and September will not translate into congestion, according to industry reports
- Pratibha needs tanker tonnage
INDIAN operator Pratibha Shipping has bagged a major contract of affreightment from State Trading Corporation of Mauritius
- 'Final' deadline for Irish Continental
INDEPENDENT directors of Irish Continental Group, parent of Irish Ferries, have set a 'final' deadline of 1700 on 17 August for an end to the deadlock among bidders
- Rotterdam leads post-ISPS initiative
THE European Commission has asked Rotterdam Seapolice to advise EU ports on implementing a detailed port security plan that would follow up the ISPS initiative
- Tsakos Energy posts strong 2Q
TSAKOS Energy Navigation today reported its 55th consecutive profitable quarter with a 13.6% jump in net income for the second quarter over 2Q06
- Strike pushes Santos close to chaos
CONTINUING strike action by agricultural inspectors in Brazil is bringing Santos port to its knees, it is claimed today
- Queensland OKs Abbot Point expansion
- Tuticorin: temporary truce called
- House rejects Water resources threat
- USCG: 'guns, boots, martial law'
- SembCorp thrives on rigs
- Courage Marine rides bulk boom
- Lauritzen pulls out of reefers
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| AUGUST 3, 2007 |
- Record peak season volumes not expected to jam U.S. ports: Port Tracker
North American ports expected to handle record container volumes in August and October without any congestion problems, new survey finds.
- Scan-all becomes law
- Intermodal rail traffic slows
- Great Lakes shipments off
- Japan extends retaliatory tariffs against U.S.
- OOCL volume up 19%
- NYK buys out partner in NYKLauritzenCool
- Deutsche Post net improves
- Tuticorin resumes normal handling
- BA cargo results drop
- Port of Vancouver probes improper dredge disposal
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| AUGUST 3, 2007 |
- Do misdeclared cargoes pose as great a threat as WMD?
The ‘100% screening bill’, to be introduced in the US, has focused minds on the issue of container security in the supply-chain.
- Vancouver box traffic rises 5%
- NYK buys out Lauritzen
- Growth in US intermodal volumes slower as year progresses
- OOIL’s terminal sales fuel interim results
- Philippines reduce security fees after industry pressure
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| AUGUST 3, 2007 |
- TEN tanks up
Enlarged fleet and higher rates push second-quarter net income up 14% at Greek owner Tsakos Energy Navigation.
- Fesco pockets funds
Second share sale this year adds $206m to Russian boxship owner's bank account.
- Third bidder for ICG?
Independent directors say a “third party” has built up a "significant interest" in the owner as new deadline set.
- Another D-Day in Dublin
Independent directors of ICG slap final deadline for rival bidders to move for Irish ferry owner.
- Top lives up to name
Greek tanker owner posts big first-half profit jump in strong suezmax markets.
- Wartsila loses power
Finnish engine giant sees second-quarter net profit shredded due to timing of power plant deliveries.
- CMES confirms capes
Chinese owner reveals price and delivery dates of two big bulkers ordered at Dalian.
- Punj Lloyd in at Pipavav
Indian engineering group takes 25% stake in big new yard to develop offshore capabilities.
- Disposal buoys OOIL
Parent of liner firm OOCL sees profits jump nearly eight-fold on sale of North American terminals.
- Bad start for Sanoyas
Japanese shipbuilder dips into the red in first quarter as operating margin cut.
- Sevmash boots out boss
Head of Russian yard sacked for delays in modernising aircraft carrier for Indian navy.
- Kyoei crashes
Japanese VLCC owner sees first quarter earnings slip despite higher revenues.
- Panamanian volumes up
Balboa grows, while Manzanillo sees container numbers dwindle in the first half of 2007.
- MC opens in Singapore
LPG player aims to capture more of the growth in the Asian market with Lion Republic office.
- Courage's profits jump
Singapore-listed bulker player sees a 32% increase in net figures on the back of strong freight rates.
- Seadrill bags another
John Fredriksen’s offshore drilling company secures employment for one of its older semi-subs.
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| AUGUST 3, 2007 |
- OOCL parent's first half profit surges on terminals sale
- NYK buys out Danish partner in reefer subsidiary
- Diana reports higher earnings as rate climb
- CTSA lines hiking fuel recovery surcharges
- Angola LNG Project awards long-term contract to carry LNG to U.S.
- ESPMC-WITASS ends Port of Spain, Trinidad congestion surcharge
- OOCL phases new ship into intra European loop
- Crowley accepts delivery on PNW tug, sister set for Alaska service
- British Airways' 1st quarter profit up 75%, matches fines
- American’s cargo down 9.5% in July
- Waterways bill faces veto threat
- Truckers want court stay on work hours issue
- Holmes to head UPS Freight
- Quality Distribution acquires tank container company
- Immigrant slips into Calif. nuclear plant aboard freight train
- YRC subsidiary makes new appointments
- Deutsche Post’s 2nd quarter profit up 13%
- Eimskip completes Versacold acquisition
- AstraZeneca selects Kuehne + Nagel for European cold chain exports
- Port Tracker: More TEU records on the way
- Vancouver port learns of improper dredging on Deltaport project
- ICTSI takes Port of Guayaquil reins
- Va. International Terminals one month into low-sulfur diesel switch
- Dillman heads Texas operations for Ceres
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| AUGUST 3, 2007 |
- Lauritzen Kosan takes the first of ten tankers
Lauritzen Kosan A/S has taken delivery of Isabella Kosan, the first in a series of ten highly advanced ethylene ...
- EU approves the sale of Wrist Group
The European Commission have now approved the sale of the Wrist Group in Aalborg to the Swedish equity fund Altor ...
- J. Lauritzen sells its reefer operation to NYK
J. Lauritzen have now taken the final step out of reefer trading by selling its 50 per cent part in ...
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| AUGUST 3, 2007 |
- Lanka IOC turns bunker supplier
Sri Lanka-based fuel retailer has started to offer bunkering services in Trincomalee port.
- Gulf cargoes heading for Asia
Fuel oil on the move as markets pondering effect on local avails.
- Supplier plans US Gulf, Caribbean expansion
Operations expanding to new markets as senior promotion announced.
- 'Keen' competition for fuel oil parcel
Singapore market 'really tight' as cargo prices hold above $400 pmt.
- New global director at ExxonMobil Marine Fuels
Linda Wright replaces Andy Wescoat as Director, Global Marine Fuels.
- Rotterdam market stable
- Trader joins team of bunker buyers
Recently launched bunker buying unit for three German owners takes on another staff member.
- July brings fuel oil record at IMAREX
Good start to third quarter after shrinking fuel oil volumes in the first half of 2007.
- Dry-bulk shipper posts strong results
Profitability undamaged by high bunker costs.
- Directors charged over Philippines spill
Officials confirm that eight directors of the company that owned Solar I have been charged.
- Typhoon causing bunker delivery delays in S Korea
Oil terminals were closed, but have since resumed operations.
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