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| NOVEMBER 6, 2007 |
Shipping News
- Goldman seen taking stake in China yard
Goldman Sachs Group Inc and other overseas funds are close to finalising a deal to buy a minority stake in Chinese shipbuilder Rongsheng Heavy Industries Group for about US$600 million, sources familiar with the situation said yesterday.
- MMC to jointly develop Saudi terminal
Malaysian infrastructure and energy group MMC Corp has won the right to jointly develop and operate a terminal at Jeddah Port, Saudi Arabia, worth about RM2 billion (S$868.6 million), MMC said yesterday.
- Capesize rate may extend gains on iron ore demand
The capesize shipping rate may extend gains, boosted by expectations of increased iron ore purchases before prices of the commodity climb next year.
- Black Sea port workers go on strike
- Universal Terminal receives its first cargoes
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| NOVEMBER 6, 2007 |
- Port of Shanghai to increase container handling charge next year
- Containerships grounded in Russia's dried up River Don
- Ningbo-Japan trade up 20pc in first three quarters
- Cosco Antwerp first ship to dock at new Prince Rupert container port
- Maersk Logistics launches service to cut carbon in supply chain
- Goldman Sachs report says box shipping outlook 'less certain'
- GreenCarrier signs agreement with NVO Transport BV
- United starts services from LA to Hong Kong and from Washington to Rio
- Lufthansa Cargo shifts freighter flight base from Cologne to Leipzig
- EGSAC GSSA newboy Transnautic Aero wins two more contracts
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| NOVEMBER 6, 2007 |
- Hajara, Dinesh Lal and others conferred with India Shipping Summit 2007 awards
- GE Shipping delivers Aframax tanker to buyers
- India Shipping Summit 2007 reflective of a buoyant sector
- Pre-sea campus of SIMS inaugurated
- T. S. Lines to launch second China-Persian Gulf service
- Senator Lines to join new China North Express (CNX) service
- OOCL upgrades KTX-1 service capacity
- China Merchants plans new 3.5-bn yuan terminal
- APL to take delivery of world's first 'ocean-capable' 53-ft containers
- NOL net profit surges 50 pc in third quarter
- K Line net profit up 114 pc in H1
- Cape Town's Table Bay expansion to double container capacity
- Northport delays plan to cut back free box storage time until June 2008
- Yantai consolidates 10 port areas into one
- Zim to buy 8 mega boxships
- ELAA calls for 'golden age of understanding'
- Utah Governor offers to share energy expertise
- FTA with EU likely in 2008
- KSEZ to develop Rs 2,000-cr. deepwater port
- VPT Chairman promises trade better infrastructure at Platinum Jubilee curtain raiser of Vizag Port
- Jet Airways to launch cargo airlinern
- Sensex hits 20,000
- Single account for drawback claims on anvil
- Haryana may offer sops for apparel exports
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| NOVEMBER 5, 2007 |
- Optimistic outlook from Evergreen
- DP World opens IPO
- DOF Installer orders AHTS
- Nordic American buys Olsen resales
- Collision master jailed by UK court
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| NOVEMBER 5, 2007 |
- Hawaii Governor signs Superferry bill
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| NOVEMBER 5, 2007 |
- Port of Seattle works deal for BNSF rail corridor
- NASSCO lays keel for seventh T-AKE ship
- Nike making move to LNG for Los Angeles vehicle fleet
- AAPA calls for Congress to overide president's water resources act veto
- Coast Guard looking into new Arctic shipping route
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| NOVEMBER 5, 2007 |
- Sinotrans reshuffles to boost takings
PLANS afoot to integrate smaller subsidiaries into two listed firms, increasing turnover to $10bn in 2010.
- Sinotrans Shipping lists amid dry bulk boom
- Nordic American to buy two suezmax newbuilds
SUEZMAX specialist to acquire two newbuild resale contracts from First Olsen in $180m deal.
- Fesco plans foray into Black Sea feeder trades
RUSSIAN container shipping giant to also build inland depots at three major cities to boost earnings.
- Why shipping still has a great story to tell
HOW do you persuade people who work in the media that ships and shipping are worth their attention?
- Bridging the gap
A GATHERING of bankers at the Mare Ship Finance Forum last week took the temperature of the shipping industry.
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| NOVEMBER 5, 2007 |
- Crew compromises mean safety crisis
Crewing shortages could lead to a compromise on safety, delegates to Seatrade's Middle East Money and Ships Conference were told yesterday in Dubai
- Apollo to buy Regent?
PRIVATE equity powerhouse Apollo Management is reportedly poised to purchase Regent Seven Seas Cruises for $1Bn
- Seabourn orders third sister
SEABOURN Cruise Line has exercised its option for a third 32,000gt newbuild, bringing parent Carnival Corp.'s orders over the past month alone to more than $2.4Bn
- ASEAN crews to get Chinese training
TRANSPORT ministers from the Association of South-East Asian Nations and China have signed a wide-ranging co-operation agreement
- Aker sells equipment interests
AKER ASA has sold off two marine equipment subsidiaries to the Norwegian technology group ODIM
- Europe fuels US coal exports
US coal exports are surging and imports are levelling off, marking a stark reversal of the trading trends of previous years
- Rickmers beats profit forecast
- MarAd refuses to panic at eco-suit
- Maitland welcomes new UAE flag
- Upgrade of UAE maritime law needed
- Teekay tanker takes out tower
- HHLA share price rocketing
- Louis blames sinking on poor charts
- Landslide paralyses Buenaventura
- $300 for dead seafarers' families
- Asia-Oz bunker surcharges doubled
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| NOVEMBER 5, 2007 |
- DP World prices shares in IPO
Dubai-based terminal operator selling 17% of its shares in stock sale expected to raise as much as $4.32 billion
- Import safety bill would revoke brokers' licenses
- Congress slates vote to override water bill veto
- Far Eastern Freight Conference sets congestion charge
- Port of Seattle to buy BNSF rail lines
- Rickmers beats forecast
- Three receive AOTOS awards
- i2 eyes sale
- Weekly rail traffic mixed
- ABX buys Cargo Holdings
- Larger cold warehouses to comply with security rules
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| NOVEMBER 5, 2007 |
- Canadian railways sign routing protocol
- DP World to raise up to USD4.3 billion
- St Petersburg winter surcharge gives chill reminder
- Court challenges likely for Melbourne channel deepening
- OOCL's revenue up
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| NOVEMBER 5, 2007 |
- Dry stocks slide
Shares of US-listed dry-bulk shipping companies saw another round of bearish declines.
- Amazonian goes coastal
Brazil's Grupo Libra ends a yearslong absence from cabotage with the entry of river shipping arm Companhia de Navegacao da Amazonia.
- Coscol bags heavy lifters
Chinese owner signs on for two semi-submersible heavy-lift newbuildings from Guangzhou Shipyard International.
- Salamon bags a bargain
German KG reveals deal done at Orient Shipyard in Korea for four capesizes before prices sky-rocketed.
- MGV still red
Marine Growth Ventures has always posted losses, and it will continue to post losses for several years as the company pursues the cruise timeshare business, an earnings report says.
- Passage to India
McNulty close to completing deal with Indian yard, president says.
- Suspects named in VLCC case
Indonesia reveals initials of three men allegedly involved in selling Pertamina VLCCs to Frontline at below market price.
- Less sunshine at Tropical
Income from Nicor-owned shipping company drops 17.1% as operating costs increase.
- Chowgule steams ahead
Indian bulker owner piles on profit in lucrative first-half dry cargo market.
- Norden nets huge sale gain
Danish owner stands to book $37.9m net profit on sale of 13-year-old handymax it has yet to get its hands on.
- Oceanex goes private
Boxship and ro-ro owner's new captain takes company off the Toronto Stock Exchange as shareholders approve buyout bid.
- BV extends share sale
Investor demand for French classification society stock leads to full exercise of over allotment option.
- Silver lining for TEN
Larger fleet and gains on disposals lift Greek tanker owner to record net income and says market challenges 'manageable.'
- Eckero adds more
Finnish ferry line builds ownership in compatriot Birka Line to 84% and launches offer for rest.
- Jinhui adds supramax
Hong Kong and Oslo-listed owner returns to Oshima Shipbuilding with $35.92m deal.
- Polaris to tackle crew shortage
Former Indian shipowner Polaris Marine Management looking for tie-ups with institutions to address crisis.
- Rickmers rolls on
Singapore boxship owner sees third quarter profits exceed expectations.
- DP World worth $21.58 billion
Port operator banks record returns from its UAE IPO.
- Lasco to sell reefer fleet
Latvian owner to let 'less profitable ships' go to pay for newbuildings including four at Hyundai Mipo.
- Eimskip sells again
Icelandic owner offloads more property assets to pay for huge acquisition spree.
- ABG on the prowl
Indian yard is itching to spend INR 10bn on an east coast facility, if only it could find the land.
- Kiwis boost coastal shipping
New Zealand government wants at least 30% of freight moved by sea by 2040.
- Nordic American takes a hit
Herbjorn Hansson-led company sees third quarter returns slip into the red due to a weakened spot market.
- Marco Polo up on debut
Singapore shiprepairer and owner sees shares open 59% higher than IPO price.
- Danish truckers block freight
Stena considers legal action after big delays at its Fredrikshavn terminal as lorry drivers protest high fines.
- Nordic American takes two
Herbjorn Hansson-led outfit buys two newbuildings from First Olsen in $180m swoop.
- Four more for Mipo
Lasco revealed as owner returning to South Korea's Hyundai Mipo with order for chemical quartet.
- Sinotrans aims high
Chinese bulker group could raise at least $1.47bn from IPO in Hong Kong.
- Teekay tanker hits light tower
"Substantial damage" caused to navigation aid south of Staten Island in New York.
- DOF declares at Aker
Norwegian offshore owner returns to compatriot yard to firm up $141m AHTS order.
- Hallin inks newbuild
UK-listed offshore company returns to ex-Pan United yard for $36m subsea operations vessel.
- MPC slips
German shipping fund player sees nine-month earnings fall as investment declines.
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| NOVEMBER 5, 2007 |
- Expect more service contracts with bunker clauses
- Maersk names seventh PS-class giant, Andersen takes reins
- U.S. Navy responds to pirate attacks off Somalia
- CTSA amends fuel surcharge
- ACL moves service from Maher to Ports America in N.J.
- What shall we do with a drunken sailor? Jail him
- BA World Cargo's first half revenue down 8.8%
- Kingfisher wants more A380s
- American's cargo down 6.2% in October
- Continental's October cargo down 2%
- Eastern Air Cargo to adopt Skyroute brand name
- Bush vetoes waterway bill
- CPR, CN agree routing protocol
- Thamesport breaks October rail record
- U.S. kicks Canadian meat and poultry tests up a notch
- Shipping costs could lead China's iron ore importers to pool charges
- U.S., Canada loosen trade restrictions on potatoes
- Korea Express sale likely by end of month
- China has handled 60,000 IPR cases in five years, official says
- Eimskip opens first Vietnam office
- Customs brokers caught in import safety legislative net
- L.A. port approves truck plan component, Long Beach to do same
- HHLA shares surge on opening day of trading
- China's throughput to top 100 million TEUs
- Bayonne voids contract to sell land for auto terminal
- First vessel calls at new Prince Rupert container terminal
- Port of Seattle buying rail corridor as part of county swap
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| NOVEMBER 5, 2007 |
- Danish ferry ports blocked by lorry drivers
The Danish infrastructure including ferry ports and bridges has been blocked on and off the latest 24 hours by lorry drivers, which are unhappy with the latest legislation and penalty for driving lorries. It started Sunday at Frederikshavn, where some ...
- Trica entered the Transfennica-fleet
Transfennica has taken delivery of the fourth of eight combined ro-ro- and container vessels from the Polish shipyard Stocznia Szczecinska Nowa. Named Trica, the vessel has entered service between Rauma, Hanko and L'beck. The vessel has a length of ...
- The first Edith M'rsk from Odense
The naming ceremony of Odense Steel Shipyard's newbuilding no. 208 was the very last official task for Jess Søderberg as CEO of A. P. Møller-Mærsk. He was the host for the arrangement where Kirsten Mc-Kinney Olufsen, second-daughter ...
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| NOVEMBER 5, 2007 |
- Tech company to showcase fuel savings
CEO speaking to international gathering on monitoring technologies.
- Pressure grows to revise bunker surcharges
TSA chairman says viability of some ocean carriers are at risk from 'far too volatile' fuel prices.
- Fuel oil exports resuming from Ras Tanura
Fujairah bunker market expected to soak up 180 cst material offered for late November loading.
- Manager leaves Kangaroo Bunkers
- VLCC received at Singapore's Universal Terminal
Asia's biggest privately owned terminal claims successful incoming cargo trial, test deliveries scheduled.
- Rotterdam market firming
- Asia-Australia lines raise bunker surcharges
Carriers revising surcharge this month on high bunker prices.
- Prestige Marine builds seven bunker tankers
Singapore supplier, marking 21st anniversary, expects its first 6,300 dwt double-hull tanker next year.
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