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| FEBRUARY 7, 2007 |
Shipping News
- Shipping downturn bottoming out
THE downturn in the global container shipping sector has nearly bottomed out with the start of a cyclical upturn expected by 2008 bringing with it a 5 per cent rise in freight rates across all major trades, according to a bullish new Credit Suisse report.
- Royal Caribbean posts US$46.6m Q4 earnings
ROYAL Caribbean Cruises, the world's second-largest cruise operator, posted its first fourth-quarter profit since 2002 on revenue from its Freedom of the Seas ship.
- PSA Int'l signs accord to run Pakistan port
PSA International announced yesterday the signing of a 40-year concession agreement to run Pakistan's China-built multi-purpose port at Gwadar, confirming several earlier media reports about the deal.
Strait Talk
- Get real on minimum manning
AS A RULE, the statements coming from the International Shipping Federation are well thought out and sensible.
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| FEBRUARY 7, 2007 |
- Software firm sees disaster July 1 with new UK customs system
- Liaoning foreign trade value up 18pc last year
- Lianyungang handled 60,000 TEU sea-rail intermodal boxes in 2006
- Singapore's PSA granted investment licence for new port in Vietnam
- Idaho becomes ACE compliant at Canadian border points
- Geodis launches new web site
- Lufthansa Cargo starts company for airfreight handling
- QantasLink to expand regional aircraft fleet
- Sun Hung Kai Properties, Cathay Pacific vie for HK terminal contract
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| FEBRUARY 7, 2007 |
- Shipowners spent whopping $ 106 bn on fleet expansion in 2006
- Used rigs become costlier than new ones
- SKS (Ship), IWAI form JV to build & operate small ships on waterways
- Dumping duty/CVD on Chinese industrial products mooted
- MoS for formation of council to resolve port sector issues
- India may help Myanmar develop Sittwe port to benefit of N-E states
- Sesa Goa now using NMP to export ore
- Vizag Port excels again in alumina powder discharge
- Lalu rules out private sector role in Rlys’ core sector
- Foreign airlines may be allowed 49 pc stake in cargo operations
- China executes projects on time, says Chidambaram
- Petro production boosts core sector growth to 8.3 pc in Dec.
- Subsidy for pepper export withdrawn
- Optimism builds up on GDP growth rate
- Team visits China, Singapore to study SEZ tax sops
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| FEBRUARY 7, 2007 |
- Fonseca new COO of TNT Express Western Europe
- CREATE3S - a new short sea shipping concept
- DHL launches domestic express airfreight service in China
- Serbia: Zelvoz rail carriage factory up for sale
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| FEBRUARY 6, 2007 |
- Golden Ocean fixes capesize vessels
- Famous Pacific looks for a boss
- PSA in Vietnam port project
- WWL picks Iversen
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| FEBRUARY 6, 2007 |
- AAPA: Budget underfunds port security, dredging
- Statoil signs emergency response vessel LOI's
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| FEBRUARY 7, 2007 |
- BP takes control
OIL major takes back control of ships’ officers in its growing fleet from the hands of Dorchester Atlantic Marine.
- BP looks at fitting scrubbers on new tankers
- Panama signs-up for IMO flag-state audit
THE Panama Maritime Authority has submitted a formal application to participate in the voluntary flag state audit.
- More Calls for novel approach to tackle ship emissions
INTERNATIONAL Chamber of Shipping proposes new ‘goal-based’ approach, by encouraging innovation, and balancing it against the available technology.
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| FEBRUARY 6, 2007 |
- Euro cruise 'now worth $10.75Bn'
BRUSSELS 06 February – European cruise tourism is currently valued at €8.3Bn ($10.75Bn) in direct expenditure, according to figures released by the European Cruise Council
- Defence clock ticking for Trafigura
COMMODITY trader and charterer Trafigura has been given until June to file a defence in the UK High Court against a claim by poisoning victims in the Ivory Coast last year
- Russian oil export plans clarified
THE Russian companies in charge of a new crude oil export pipeline to the Aegean have set up a formal consortium, but President Putin says he favours direct deliveries
- Tirrenia goes head-to-head
ITALIAN state-controlled ferry operator Tirrenia di Navigazione is to open its five top routes to competition from private sector operators, without the benefit of subsidies
- Rickmers to raise $300M from listing
GERMANY'S Rickmers is to raise about $300M from a listing in Singapore of a business trust based on its container vessels, financial sources said today
- Hugo strengthens ties with Requiaos
THE special relationship between Venezuela president Hugo Chavez and Brazil's Requiao brothers has marked another milestone
- Celebrity confirms technical fixes
- Cruise shares dip on outlook
- Owners shocked by Pan Canal toll hike
- Over-ordering 'could burst bubble'
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| FEBRUARY 6, 2007 |
- Retailers oppose all-scan, urge Congress to support scan pilot program
National Retail Federation urges Senate Committee to reject proposal to add 100-percent scanning of U.S.-bound cargo to recently-passed House security legislation.
- Port of Tacoma expects slim TEU growth in 2007
- U.S. air cargo falls
- Marad will require MSP repairs in U.S. yards
- Customs Update: H.R. 1 and more data requirements
- Little delay expected for Wilmington cranes after mishap
- India port strike postponed
- KCS hits profit mark
- APL’s Agron to Customs trade security panel
- New chief for UK’s ABP
- PSA gets Gwadar terminal
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| FEBRUARY 6, 2007 |
- UPDATED: CSCL in talks to buy stake in UK truck firm
China Shipping Container Lines is in negotiations to acquire shares in a truck company based in the UK.
- Long Beach proposes new container terminal
- Hutchison, APM Terminals look for Brisbane stake
- Heavy rain curbs box-traffic at Indonesian hub
- Alianca to press ahead with new terminal despite increasing S. Brazilian capacity
- Rickmers Group to raise US$300m through boxship-trust listing in Singapore
- Australian shippers face rising charges
- Box backlog diminishing at Deltaport
- PSA projects Gwadar as part of network, with added spur to inland links
- Northern Europe sees biggest rises in December retail spending
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| FEBRUARY 6, 2007 |
- 'The mini Frontline'
US analyst thinks Golden Ocean's relationship with SFI will literally pay big dividends.
- Finance costs hit USS
Profits fall 70% for tanker and barge operator in 2006, as trouble mounts on latest newbuilding.
- US Shipping, Chinese hulls
Jones Act power is serious about double-hulling up to six elderly ITBs, but not in US shipyards.
- Rickmers for Lion listing?
Favourable Singapore tax exemptions could tempt German boxship owner into $300m shipping fund listing.
- BLRT to benefit
Norway's Fiskerstrand to use Estonian yard group for hull work after new Saaremaa order.
- PTSC sets sights on IPO
Philippines National Oil Co’s shipping arm wants two more tankers to boost value ahead of listing.
- Gibson taps Richardson
Master helmsman fingered to take over as next head of UK broker.
- BP in manning overhaul
Oil major to take direct control of officer recruitment after ending twenty-year relationship with Dorchester Marine.
- SCI orders two MRs in China
Jingling Shipyard to build two 47,000-dwt product tankers for Shipping Corp of India.
- Malaysia mobilises Malacca force
Coast guard agency wants new patrol ships and thousands more staff to combat piracy.
- Damen teams with Vinashin
New Dutch-Vietnamese joint venture yard in Haiphong will focus on offshore ships and tugs.
- NSCSA opts out
Saudi VLCC owner exits one-ship chemical carrier joint venture with boxship player UASC, netting $4m profit.
- Svithoid makes it six
Long-term charter of Turkish tanker adds to Swedish newcomer’s growing fleet.
- Samskip swallows Saltire
Icelandic reefer player buys Scottish NVOCC to broaden UK reach.
- Ship pilot missing in US
Search reportedly called off for man who fell into sea while transferring to US-flagged bulk carrier.
- Action averted downunder
Standoff between ITF and Greek capesize owner halted after co-ordinator boards vessel in Australia at second attempt.
- Precious pockets $40m
Thai shipowner rakes in the cash after fleet spring-clean.
- Vinashin unveils offshore unit
New subsidiary Vinaoffshore to build floating storage and offloading ships.
- SFI bags GOG pair
Two Golden Ocean capesize newbuildings at Daehan sold to Ship Finance International and leased back for 15 years.
- Wartsila in dreamland
Finnish ship engine maker calls 2006 the best year in the history of modern shipbuilding.
- Kuribayashi keeps profit coming
Japanese owner continues earnings resurrection with strong nine-month result.
- PGS adds one
Norwegian offshore vessel owner charters in eleventh ship for seismic survey work.
- Precious sells Wana Naree
Bangkok-based shipowner sheds first tonnage of 2007 with sale of 1980-built handysize bulker.
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| FEBRUARY 6, 2007 |
- Asian carriers’ shares jump after ratings upgrade
- FEFC doubling St. Petersburg emergency surcharge
- Wallenius Wilhelmsen selects Iversen as president, CEO
- CTSA’s bunker surcharges stay put
- Rickmers Group names three box ships
- FastShip seeking cargo commitments
- Evergreen’s Chang receives Tan Sri title from Malaysia
- Pilot missing in Delaware Bay
- United’s January cargo down 11%
- SAS Cargo appoints Knudsen VP of global sales
- Bush seeks $67 billion for DOT
- FedEx Freight launches long-haul LTL service
- DHS requests 8% budget increase
- Texas firm to alter face of California fuel market
- Kuehne + Nagel buys Norwegian customs clearance firm
- TDS Logistics, Walsh Western merge
- CORRECTION: H.R. 1 comes with hefty price tag
- Famous Pacific looking to fill new role
- AAPA frustrated by funding level for dredging
- Panama Canal releases addition details on toll hikes
- RBS gives Ontario Teachers credit facility for terminals
- PSA signs 40-year Gwadar concession
- Port of Los Angeles commissioners doubt need for new oil terminals
- ABP selects Jones to replace Lerenius
- "Queen Mary 2" sets record for San Francisco Bay
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| FEBRUARY 6, 2007 |
- Former Sovjet submarine sank off the Danish coast
A former Sovjet submarine of the Whiskey class sank yesterday some 25 nautical miles off Thyborøn on the Danish westcoast ...
- Sweeping WW management changes
Nils Petter Dyvik is to step down as president and CEO of Wallenius Wilhelmsen Logistics (WWL) from 1 April to ...
- Golden Ocean sells to SFI and b/b charter back
John Fredriksen controlled Golden Ocean sells two 170,000 DWT capesize newbuildings from Daehan Shipbuilding in China to Ship Finance International ...
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| FEBRUARY 6, 2007 |
- Fresh look at scrubbers
Wärtsilä says its marine scrubber portfolio will include scrubbers with a difference.
- Lube producers brace for REACH Legislation
New European chemicals legislation will challenge lube manufacturers but may have limited cost impact for marine lube buyers.
- ARA market remains firm
- Hopes fade for an end to Mumbai bunker crisis
State authorities "still deliberating" as bunker volumes fall.
- Asian market faces price surge
Taiwan's CPC raises posted prices to curb "huge buying demand" from owners searching for fuel in tight East Asian market.
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