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| SEPTEMBER 6, 2007 |
Shipping News
- China Cosco to invest 20b yuan in dry-bulk ships
China Cosco Holdings Co Ltd, which is buying its parent's dry-bulk shipping assets, said the target firm will spend more than 20 billion yuan (S$4 billion) in the next three years to buy new ships, expanding its capacity by nearly 20 per cent.
- Orascom seeks to sell container port business
Orascom Construction Industries, the largest cement maker in the Middle East and North Africa, may sell its container port business at the southern entrance of the Suez Canal for about US$1 billion.
- Hawaii ferry sits idle amid protests, rulings
A giant twin-hulled ferry designed to transform transportation between the Hawaiian Islands for tourists and residents made its maiden voyage on Aug 26.
- Hyundai bags orders worth 818b won
- Malaysian Bulk sees strong H2 on BDI uptrend
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| SEPTEMBER 6, 2007 |
- TSA warns transpacific trade not profitable despite volume growth
- Shenzhen's SCT sets monthly box record in August
- Jiangsu Dafeng port opens for foreign trade
- Value of China IT logistics sector expected to nearly double by 2011
- Shenzhen tightens control on land for logistics development
- Guangxi Qinzhou port cargo volume surges 76pc
- Bustling Mideast market sparks dedicated air freighter boom
- Singapore Airlines opts for Softair's Cargospot solution
- Suzhou and Shanghai airport customs co-operate on one-stop clearance
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| SEPTEMBER 6, 2007 |
- Essar Shipping among 23 bidding for Bulgarian co.
- GE Shipping contests Karnataka tax on goods in territorial waters
- Seaways Shipping to launch West Coast service tomorrow
- STC to import wheat at $ 389.45 a tonne c&f
- 3,40,394 TEUs! JNP's August Achievement
- KDS posts record monthly container throughput of 27,562 TEUs
- Rlys considering faster freight trains, turnaround time
- Implement export sops announced in June, urges Fieo
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| SEPTEMBER 5, 2007 |
- BP in online fuels ordering venture
- Strong market boosts Clarkson
- GL buys oil industry risk company
- ABS's new coatings guide
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| SEPTEMBER 5, 2007 |
- PPL Shipyard books $201 million jack-up contract
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| SEPTEMBER 5, 2007 |
- TSA member carriers discuss future of US/Asia cargo market
- Crowley moves giant boiler to Fruit of the Loom facility
- Evergreen Group Chairman named Knight of the Grand Cross
- Groundbreaking marks start of Panama Canal expansion work
- Port of Tacoma taps Stromberg as new senior property manager
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| SEPTEMBER 5, 2007 |
- Saadé and Jacobs eye ship investment vehicle
CMA CGM chairman and former AP Moller-Maersk partner plan to set up ship investment vehicle.
- CMA CGM chief sees value in boxship behemoths
- Tui calls off joint venture plans with Carnival
RESISTANCE from cartel office would cause delays that hamper the project's economic viability.
- Zim joins 12,000 teu order rush
ISRAELI line inks deal with Samsung Heavy for eight giant boxships, with option for a ninth.
- BOOMTIME BEGINS
IT IS impossible to separate the history of the Panama Canal from that of Panama.
- Boxing out crime
CONCERNS have been raised about the anti-tamper qualities of new container seals.
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| SEPTEMBER 5, 2007 |
- Carnival, TUI scuttle German scheme
JUST as Carnival Corporation confirmed its Spanish joint venture (see below), the cruise giant revealed that its proposed German venture with TUI is dead
- Sonatrach pushes into Spain
BARELY 48 hours after killing an LNG contract with Spanish interests, Algeria's Sonatrach is trying to buy into Spain's main petroleum and bunkering company
- MidEast chemical bonanza predicted
Shipping will benefit from a massive cost-driven relocation of the world's chemical industries to the Middle East, it was claimed in Dubai yesterday
- Carnival finalises Spanish jv
CARNIVAL Corporation has sealed agreements for its previously announced Spanish jv with Iberojet, to be called Iberocruceros
- "Spill-and-run" ship hunted
CLEAN-UP continues today of an oil field off Puerto Rico's southwest coast and the Coast Guard is still looking for the party responsible for the mess
- USCG mobilises in Nawiliwili
THE US Coast Guard is preparing to run the gauntlet of protesters in Hawaii so as to guarnantee passage of the ferry Alakai
- Why USCG's Nawiliwili protection failed
- Too few of the wrong type of tanker
- Salvors fail to free Diadema
- Greeks take bunkers to Guinea
- Singapore will build LNG terminal
- Aussie cruise days in ports drop
- Big profit gain for Clarkson's
- Cost-revenue gap widens for TSA
- Wärtsilä to build CPPs in India
- LA/USCG to rule on next LNG plant
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| SEPTEMBER 5, 2007 |
- Trans-Pacific lines expect more growth
Widdows says Transpacific Stabilization Agreement sees increases in volume, costs.
- Exports lead West Coast container traffic in July
- ILWU: Ocean lines should back California fuel rule
- Cosco sells dry-bulk fleet to Hong Kong subsidiary
- Hurricane Felix slams Puerto Cabezas in Nicaragua
- Court denies injunction to block Mexican trucks
- Dry bulk boosts Clarkson net
- Kolkata boxes up 27%
- Hanrahan to lead Canadian port authority group
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| SEPTEMBER 5, 2007 |
- SAILS to go weekly
- HPH achieves impressive H1 result
- Bangkok plans e-commerce future
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| SEPTEMBER 5, 2007 |
- MC Shipping merger gets nod
$284m deal puts LPG owner in hands of private-equity bank.
- Cruise joint venture bid pulled
Carnival and TUI not to pursue new German cruise brand "in the proposed form".
- Genco charters two bulkers
New acquisitions put to work as third ship sees charter extended.
- Zim inks eight at Samsung
Israeli owner also leaves an option at Korean yard in deal for 12,600-teu octet worth $1.36bn.
- Filipino revolt
Backlash against extra officers' courses grows with call for senate inquiry.
- IHB adds a third
Bulgarian group signs for another multipurpose at subsidiary Bulyard.
- Diadema re-float planned
Salvage company onboard Maersk ship grounded off Mexico's west coast look to re-float at Wednesday's high tide.
- MSC wants terminal
Boxship giant eyeing investment in new 250,000-teu St Petersburg facility.
- Navibulgar deadline extended
Bulgaria allows 23 prospective bidders another three weeks to get offers in for national owner.
- Mipo bags big orders
Korean yard Hyundai Mipo wins $872m deal for boxships, tankers and car-carriers but owners not named.
- Wartsila expands in India
Finnish ship engine maker to turn out controllable pitch propellers in Mumbai by end of 2008.
- Dry bonanza for Clarksons
Booming bulker markets propel London broker to bigger first half profit.
- Shreyas acquires Haytrans
Indian shipping line snaps up controlling stake in compatriot logistics player.
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| SEPTEMBER 5, 2007 |
- TSA sees healthy growth, but lines still not recovering costs
- Clarksons profit rises 41%
- Judge throws out California low-sulfur fuel law for maritime engines
- NYK successfully tests cold ironing unit on new ship
- Germanischer Lloyd acquires British oil and gas firm Advantica
- Liberian maritime commissioner's nomination withdrawn
- Stevenson named Ship Finance chairman
- NWA Cargo starts trucking service linking Hong Kong and Guangzhou
- ALTA carriers see 11.4% cargo rise in July
- Mixed cargo results for Continental, United in August
- Canadian Pacific to buy DM&E railroad for $1.48 billion
- Teamsters' stay denied, Mexican trucks set to roll into U.S.
- Dutch developers to provide trucking haven in Europe
- CBP makes strides on trade facilitation
- Adams leaves CBP for TSA
- Sandler, Travis snags Capitol Hill specialist
- Schneider Logistics promotes Ferguson
- IJS adds Africa to network with Value partnership
- Arpin opens Houston customer service office
- California ports container tax bill shelved
- Panama Canal chief confident about expansion
- New York, Rotterdam sign environmental pact
- Development lawsuits against Stockton port, Army Corps settled
- Tacoma picks Stromberg to lead Blair Waterway terminal project
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| SEPTEMBER 5, 2007 |
- Ulstein's Island Offshore dispose of vessels at a profit
Morten Ulstein's family company Island Offshore sold a platform supply vessel (PSV), type UT 712L, to Farstad Shipping for NOK ...
- Ferries companies warns against costly fixed link
The ferry companies organised in Bilfærgernes Rederiforening has started a campaign against the latest bridge planes in Denmark. During the ...
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| SEPTEMBER 5, 2007 |
- Save 10% on bunker bills
Ship monitoring can improve performance and reduce fuel costs, company saying.
- BORCO sale halted
PDVSA decides not to sell Bahamas terminal after shortlisting buyers.
- African expansion for Aegean
New service centre opening in 2007 to explore opportunity for growth in West African bunker market.
- Rotterdam market stays firm
- SEACARD system goes global
Developers of SEACARD programme to introduce online fuels ordering system to commercial market.
- Maersk ship runs aground
Cause of accident remains unknown.
- Oil rises as OPEC output hike remains unlikely
Qatar Energy Minister said OPEC has no plans to raise output ahead of its meeting next week.
- UBT opens Hong Kong office
- Standard & Poor's lowers Titan rating outlook
Titan's existing businesses will continue to be affected by weak VLCC rates and high bunker costs.
- Australia: New Gladstone cargo due this weekend
- Ceypetco to start in October
Sri Lanka's new supplier hopes to attract new business with competitive bunker prices.
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