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| AUGUST 7, 2007 |
Shipping News
- Furore erupts over Colombo terminal tender
Controversy has erupted in Sri Lanka over alleged tender manipulation for the Colombo South Container Terminal in which PSA International is said to be a bidder.
- Capesize rates lift Baltic Dry Index to record high
The cost of shipping coal, iron ore and other dry-bulk goods has risen to a record, boosted by gains in bigger vessels and a longer line of ships waiting to load at Australia's Newcastle, the world's biggest coal export harbour.
- Asian spot freight rates rise as traders move jet fuel to US
Asian spot freight rates for intra-Asian clean tanker loadings rose yesterday as traders jumped into the market to try to move jet fuel from the region to the US West Coast.
- Babcock & Brown acquires Italian port operator for A$92m
- CIMC confirms it will buy HK$1.13b stake in Enric Energy
- Gulf tanker rates may drop again on vessel supply
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| AUGUST 7, 2007 |
- Guangzhou Port experiences 43pc record growth in container volume
- CSCL and Nippon Express to establish joint venture
- Tianjin foreign trade value up 10.8pc in first half
- Mombasa clogged for want of rolling stock, quick TEU removal to Uganda
- OOCL vessel to call at First Container Terminal in St Petersburg
- Menlo's Sydney centre wins ISO 9001, helps meet Nokia Siemens contract terms
- Qantas comes within range of US cargo price-fixing probe
- Dragonair boosts services with new Beijing office
- Continental sees record performances in July
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| AUGUST 7, 2007 |
- APM Terminals signs pact to operate Luanda box terminal
- NYK Line, "K" Line expect higher profits
- APL Logistics wins AAFES contract
- CargoWise edi & ASM (UK) in collaboration agreement
- Le Havre posts excellent results in H1
- Amfico Agencies on expansion spree
- Role of shipping industry in expanding global trade stressed
- Milk powder export ban to go in Aug.-Pawar
- Sugar exporters given free rein
- Pakistan seeks access to farm goods market
- Israel seeks FTA with India
- Pak has no wheat export plans
- Chennai Port braves monsoon vagaries to post highest-ever cargo throughput in July
- MoS shortlists consultants for DPR
- Major Port workers to serve strike notice on Aug. 16
- Pak opens ports to Indian ships
- Gati expects Rs 1,000-cr. turnover in India by 2009
- Several cargo airlines taxiing on the runway
- Ficci fancies independent regulatory body for road development
- Indian pharma co. top US FDA list
- Survey sees rise of new world economic order
- Most manufacturing sector companies mounted hurdles to notch double-digit growth-CII survey for Q1
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| AUGUST 6, 2007 |
- Pall-Ex appoints commercial director
- August 06 2007 Maritime MOL raises forecast after 48% profit surge
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| AUGUST 6, 2007 |
- US Coast Guard Safety programme "almost invisible"
- Bush signs box check bill
- Vancouver dredging spoil possibly dumped in US waters
- Master on drink charges
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| AUGUST 6, 2007 |
- DryShips to buy eight vessels
- Keppel books work at AmFELS and Singmarine
- Singapore's Swiber buys shipyard
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| AUGUST 6, 2007 |
- TOTE completes process for ISO 14001:2004 certification
- Firm nets go-ahead for Long Beach rail project
- Port of Everett holding Puget Sound Pirate Festival
- Trucking group calls for national drug/alcohol test system
- Carriers come together for new Med/US service
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| AUGUST 6, 2007 |
- Shipbuilding sector 'faces collapse by 2011'
KOREAN think tank warns fast expanding sector faces crisis as supply exceeds demand.
- South Korean yards face manpower crisis
- Foot and mouth ban hits livestock ferry operators
FERRY companies exporting live animals from Britain see peak season business vanish overnight.
- One dead, five injured in IHI yard blast
IHI representatives say explosion occured at a block making plant.
- One careful owner, hardly used
THE sale and purchase market makes the used car business seem like a vicarage tea party.
- Bridge of sighs
BRIDGES are great objects of engineering, but they do not always mix too comfortably with ships.
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| AUGUST 6, 2007 |
- EU cries foul as Bush signs scan law
President Bush has signed into law the mandate that all US-bound containers be scanned by mid-2012, even as the world lined up against the edict
- FMC nominations announced
A PAUL Anderson is to be nominated as chairman of the Federal Maritime Commission, the independent federal body that regulates ocean transport in US international trade
- Babcock & Brown bulks up
AUSTRALIAN investment fund Babcock & Brown Infrastructure has acquired a 50.3% interest in Italian dry bulk port operator Terminal Rinfuse Italia
- US Shipping Partners pulled lower
US Shipping Partners posted a fall in 2Q net profits despite increased revenue and time charter rates
- Missing seafarer search goes on
SEARCH crews are continuing to scan waters off New York City for a crewman who apparently went overboard yesterday from the OSG-operated Overseas Atalmar
- Cargo vessel runs into gas platform
- Iran inks port deal in Nicaragua
- Terminal sale drives OOIL net profit
- Higher freight rates boost Precious
- Swiber buys out North Shipyard
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| AUGUST 6, 2007 |
- Container scan-all bill becomes law
President Bush signs legislation requiring all U.S.-bound containers to be scanned at foreign ports before they are loaded on ships by July, 2012.
- Disabled radiation monitors delay Maher containers
- Panama Canal hosts more boxships in Q3
- Rail strike threatens Europe port container traffic
- Loss for Trailer Bridge
- House passes bill to aid short sea shipping
- NVOs under investigation
- Hamburg boxes up 14%
- Trailer Bridge adds director, regains Nasdaq compliance
- India trade deficit grows
- Inland barge operator hikes tank demurrage
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| AUGUST 6, 2007 |
- ICG directors may terminate discussions
- Santos-Brasil acquires Mesquita
- Customers understand need for ECT new dwell time restrictions
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| AUGUST 6, 2007 |
- Eight or 11?
Shipbrokers say George Economou’s DryShips has bought three panamaxes on top of today’s officially announced eight-ship purchase.
- Non-cash loss for Trailer Bridge
Switching to the US-flag tonnage tax means John McCown-led Trailer Bridge must kiss a $4.7m tax asset goodbye.
- Dry bulk sell-off
A partial recovery this afternoon still leaves dry-bulk stocks down across the board despite record and rising charter rates.
- Rickmers sings
New Singapore venture kicks of with better-than-forecast results and sounds confident on box trades.
- Interest hurts US Shipping
Tanker owner US Shipping Partners sees second-quarter net income slide as interest expenses bite.
- Blast at Aichi yard
One killed, five injured in explosion at IHI shipyard recently re-opened for newbuilding work.
- One overboard OSG ship
Search on for man who fell from chemical tanker off New York on Sunday.
- 'Drunk' master charged
Arrest follows sinking of cargo vessel in collision with North Sea gas platform, crew rescued.
- SSC plummets
Investors unswayed by "potential ship acquisitions" as Singapore Shipping Corp stock falls 27%.
- Greatship back at Keppel
Offshore wing of India’s Great Eastern Shipping signs for two more PSVs in Singapore.
- Up, down at Sovcomflot
Revenues spike but net profit hits a snag in the second quarter at Russian tanker giant.
- Turkish ro-ro in Black Sea blaze
Thirty-one rescued from burning vessel said to be listing off Russian port of Sochi.
- Babcock takes TRI stake
Australian investment firm has bought a majority stake in Italy’s largest dry bulk port operator.
- Riyal deal for NSCSA
National Shipping Company of Saudi Arabia signs $240m finance agreement with local bank.
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| AUGUST 6, 2007 |
- Bush nominates Anderson to FMC chairman, Kress tapped for commission
- Tanker companies report higher earnings
- Maersk delays Australia peak season surcharge
- Trailer Bridge names new director
- United's July cargo up 5.5%
- NWA raises fuel surcharge on transpacific
- Short sea shipping part of energy bill
- U.S.-flag Great Lakes cargo down in June
- Pacer shuffles executives
- Wholesale joint venture in India to rely on Wal-Mart logistics
- Bush signs cargo scan legislation
- EC's Kovács slams U.S. 100% screening bill
- U.S.-China bilateral trade talks set for Dec. 10
- Electronics executive warns Congressional committee about protectionism
- U.K. bans animal exports amid foot-and-mouth disease outbreak
- FDA chief holds off on field lab closures
- FedEx expanding Kinko’s locations
- DSV's first half operating profit up 17%
- U-Freight opens third Hong Kong facility
- IJS expands to Korea
- FMC reviews 4 OTI license applications
- India eyes plans for huge offshore port
- Mindanao shippers call for hub ports on island
- ContainerPort adds Jervis, Garland to board
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| AUGUST 6, 2007 |
- Good earnings at major Oslo shipbrokers
A total of NOK 430 million were paid in wages to 244 ship brokers in the four major shipbroking firms ...
- General cargo sank after drunk master hit platform
The 1922 grt general cargo Jork collided with a gas platform in the North Sea and sunk. The Jork, flying ...
- Second Bourbon Dolphin hearing
The Royal Commission enquiry into the capsize and sinking of the anchor handling tug supply (AHTS) vessel Bourbon Dolphin on ...
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| AUGUST 6, 2007 |
- California shore power meeting delayed
- Shippers imposing new SECA surcharges
Surcharges to be introduced in September to cover higher cost of low sulphur fuels required in new SECA.
- Strike shuts down South Africa's biggest refinery
Durban bunker supply not affected much despite 'curtailed' dispensing, while Cape Town MGO situation still uncertain.
- High bunker costs and tough regulations boost fuel cell prospects
Fuel cells could power 'a large part of the world fleet' in 25 years.
- Rotterdam market down, prompt products tight
- ING hired to sell Baltic oil terminal
Severstaltrans wants to sell its 80% stake in Estonian Oil Services.
- Record July retroactive price
Japan's benchmark bunker price up 8.1% month-on-month.
- Lanka IOC turns bunker supplier
Sri Lanka-based fuel retailer has begun offering bunkering services in Trincomalee port.
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