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| MAY 7, 2007 |
Shipping News
- China rejects 4 container conferences' THC hikes
CHINA's Ministry of Communications has rejected plans by four container shipping conferences to raise controversial terminal handling charges at south China ports and imposed penalties for violating regulations.
- Surcharges for cargo from US East Coast to go up
FREIGHT rate hikes by the Panama Canal Authority have begun trickling down as shipping lines on the westbound transpacific trade from the East Coast US to Asia have announced plans to raise surcharges for carrying cargo through the canal.
- Amanda Group venture bags US$250m job
A joint venture shipyard between a Singapore firm and Norway's Aker Yards has clinched a US$250 million deal to build six specialised vessels for use in the booming oil and gas industry.
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| MAY 7, 2007 |
- Hutchison JV pays US$1.27b to run Turkey's second largest port
- Hanjin Shipping adds nine more 8,600-TEU ships
- Hainan to set aside bonded port area in Yangpu
- CSAV upgrades services from Asia to South America and South Africa
- CMA CGM launches service from Asia to North Africa
- Kazakhstan logistics firm sees Silk Road trade doubling
- Air India to launch all-cargo operations in June
- IATA finds slower airfreight growth in March
- Singapore Airlines to increase fuel surcharge May 9
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| MAY 7, 2007 |
- GE Shipping’s net Q4 up by 31 pc
- DSV Air & Sea hopes to spread wings across India
- Allcargo Global Logistics launches CFS in Chennai
- CMA CGM’s 1st vessel on NEMO service calls at CCT
- Shreyas Shipping launches weekly coastal service from Kolkata to Chennai
- CII & Virginia body sign MoU on trade
- Onion MEP lowered by $ 30 a tonne
- Mormugao Port Trust sets new record in iron ore loading
- Planners, MoS to pursue 2-pronged strategy to upgrade Major Ports
- Superb show by KoPT in 2006-07
- CWC at Chennai may become first air freight station in India
- DHL Global moves 1st LCL consol box by road from Nhava Sheva to ICD-Garhi
- WTC to begin foreign trade, forex courses in June
- Seminar sees need for joint efforts to reduce cargo dwell time
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| MAY 4, 2007 |
- Morgan-Silvester new port of Vancouver chairwoman
- Samskip strengthening South American presence
- Emirates SkyCargo appoints Servisair Cargo in Newcastle
- Vopak sells VOTG to VTG
- Fret SNCF to run Antwerp–Perpignan shuttle for Hupac
- Birkart Globistics opens second Polish office
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| MAY 4, 2007 |
- Icy start for ASC
- EC swoops on tanker hose makers
- FPSO market "set for sustained cash boost"
- "Good" Q1 for Deep Sea Supply
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| MAY 5, 2007 |
- Maritime security contract for Chouest vessel
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| MAY 4, 2007 |
- Greenbrier nets order for 1,700 new platforms
- US rail freight traffic totals head down during week
- Foss adds two tugs to Boston harbor service
- Yang Ming upgrading Asia to West Coast services
- Secure Freight Initiative working at port in Pakistan
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| MAY 4, 2007 |
- HAL faces $20m class lawsuit
SEAFARERS claim line forced them to pay back airfare to and from their ships.
- HAL gives Caterpillar chance to stretch sea legs on scrubbing trial
- Bullish Rickmers poised for rapid growth
NEWLY Singapore-listed Rickmers aims to compete with the likes of Seaspan and Danaos.
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| MAY 4, 2007 |
- Singapore refinery blaze kills two
SINGAPORE 04 May – ExxonMobil has shut down one of two crude distillation units at its Singapore refinery following an early morning fire that killed two contractors yesterday
- Wilson, Sons tug sinks in Santos
A tug operated by Wilson, Sons has sunk in the Brazilian port of Santos but the three crew onboard escaped unharmed
- Caymans combats cruise reef damage
REEF destruction has prompted the Cayman Islands government to ban cruise ships from anchoring in Spotts Bay
- Marine hose cartel reeled in
EIGHT executives have been charged in the US of conspiring to fix prices and rig bids in the sale of marine oil transport hose to American companies
- Fincantieri raises pre-tax to €115M
ITALIAN shipbuilder Fincantieri has posted pre-tax profit for 2006 of €115.7M ($157M) compared with €99.8M for 2005; the orderbook is now worth €11Bn
- Refocused Star sells casino stake
STAR Cruises’ shareholders voted at an EGM this week to sell their 25% stake in a casino project to sister company Genting International
- GE Shipping posts highest profit
- One-offs cut Wilhelmsen profit
- Hanjin Shipping posts $50M 1Q loss
- Union Pacific derails Mexico plan
- Daewoo Mangalia workers walk out
- China ruling confuses liners
- Panama opens access tenders
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| MAY 4, 2007 |
- Port Tracker forecasts little peak-season congestion despite record containers
Traffic at U.S. ports that handle major import shipments should hit a record high in July, then break that record in August, report says.
- Proposed deal for NYCT lease transfer collapses
- U.S. begins box radiation scanning in Pakistan
- Horizon Lines agrees to buy Hawaii Stevedores
- China Shipping enters shipbuilding sector
- Putin wants port upgrades
- Customs Update: We told you so
- Intermodal rail shipments weaker in April
- China port strike ends
- Marad, Hapag in repair pact
- Pacer income falls
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| MAY 4, 2007 |
- Consolidating forces
There is no doubt that further consolidation will take place in the container liner shipping industry. And arguably it is long overdue as the sector is highly fragmented with over 400 carriers (including feeder companies) active, according to the latest edition of the Containerisation International Yearbook.
- Fesco denies Containerships interest
- Montreal box terminal saved from urban development
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| MAY 4, 2007 |
- Murphy’s law
IMDO director Glenn Murphy speaks of new developments afoot for Ireland’s shipping industry.
- Hawaiian horizon
Jones Act boxship player Horizon Lines agrees to purchase customer Hawaii Stevedores Inc for undisclosed sum.
- AFL-CIO sanctions Meba
The US labour federation AFL-CIO has decreed penalties in a Great Lakes feud between US officers’ unions.
- Chowgule reined in by costs
Indian bulker owner rues higher bunker and drydock bills in year to 31 March.
- Chang Myung in record buy
South Korean shipowner in $115m deal to acquire Transmed capesize newbuilding.
- Varun deflated
Indian gas-carrier and tanker owner sees annual profit slashed as rates drop in warmer winter.
- Great Eastern sets new record
Indian owner posts best annual profit thanks largely to better results from its bulkers.
- SCI told to shape up
Indian state giant must improve efficiency if it wants to win more independence, shipping minister says.
- Option declared at Damen
Dutch yard to build third chemical recovery ship for Swedish Coast Guard.
- Loan for Dofcon
Brazilian development bank BNDES comes up with $200m to fund offshore newbuilds.
- Weaker for Wilhelmsen
Norwegian car carrier giant hit by lower volumes from Korea in first quarter.
- DESS digs deep
Fredriksen’s Deep Sea Supply battles quieter winter and poor weather to post $12m first-quarter profit.
- Golden handshake
Thirty-year-old bulker oldie retires to scrap yard from Greek owner Goldenport’s fleet for firm $5.5m.
- Two more for Rem
Norwegian owner’s fleet expansion continues apace with order for two anchor-handlers at Aker Yards.
- Yang Ming upgrades
Taiwanese liner company plans to boost links between north Asia and US west coast ports.
- Ezra inks offshore pair
Expanding Singapore vessel operator orders two multi-role support vessels at local yard Pan United.
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| MAY 4, 2007 |
- Wilh. Wilhelmsen’s 1st-quarter profit slides 29%
- China Shipping Group wades into shipbuilding waters
- Genco buys stake in Norwegian dry bulk carrier
- Diana Shipping sees earnings rise
- UAE ship owner, charterer face lawsuit in Guam
- New Intermarine ship calls New Orleans
- Crowley planning LTL/LCL service to Haiti
- CLARIFICATION: Maersk adjusting Oceania/Americas service
- GAO report attacks TSA air cargo security efforts
- New Jersey O.K.s airport expansion
- DHL expands in Louisville, Ky.
- United’s cargo down 7.6% in April
- UP backs out of Baja California port project
- Pacer’s net income down 44% in 1st quarter
- RS Components picks Schenker
- ConCor looking to joint ventures in India
- Savi begins licensing proprietary e-Seals technology
- Secure Freight Initiative kicks off in Qasim
- HPH consortium wins concession for Turkish port
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| MAY 4, 2007 |
- Scandlines sale in trouble again
The sale of Scandlines is facing yet another obstacle as the potential buyers have declared that they will not share ...
- Husell-company wants to buy shares in Eckerö
The Åland-based company Husell Shipping & Trading Ab wants to buy all of Birka Line Abp’s shares in Rederiaktiebolaget Eckerö ...
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| MAY 4, 2007 |
- Oil falls for fifth straight day
Futures sell-off amid relaxing markets and further declines expected.
- Cruise season underway with low-sulphur fuel
Pacific Northwest cruising starting with cruise lines looking to clean up their emissions.
- Strike threat recedes
Belgian oil sector unions agree provisional deal.
- Upbeat Odfjell
Tanker operator predicts better 2007 result despite rising bunker prices.
- Shipping line plunges 'into the red'
Hanjin shipping blames currency fluctuations and high interest rates.
- Bunker factors weigh down Wilhelmsen
Shipping group reports rise in Q1 bunker hedging costs and sees negative impact on full year results from missing BAF agreement.
- Fujairah refinery 'in new hands'
Vitol confirms that it has acquired 'a majority interest'.
- ARA market: No strike in Antwerp
- Markets struggle to gauge impact of refinery fire
Singapore bunker prices fall, but Hong Kong prices surge as ExxonMobil CDU remains shut down.
- German support for 'environmentally sound marine diesel'
German minister opens conference on EU maritime policy with call for ships to move away from heavy grades of oil.
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