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| SEPTEMBER 7, 2007 |
Shipping News
- Maersk opens US$380m Xiamen container terminal
Danish shipping and oil group AP Moeller- Maersk opened a US$380 million container terminal in Xiamen yesterday, in a bet that China's trade growth will fill its ports despite concerns about overcapacity.
- China Cosco expects dry-bulk rates to rise on growth
China Cosco Holdings Co, poised to buy the world's largest dry-bulk fleet, expects rates for carrying iron ore, coal and other commodities to carry on climbing because of the country's economic growth.
- Carnival calls off European venture
Cruise ship operator Carnival Corp said on Wednesday it was dropping plans for a joint venture with European tour operator TUI AG, blaming German regulatory hurdles.
- Record supramax freight rates seen extending surge
- Transocean's India rig rates lower than expected
Admiralty Casebook
- Lubricating oil, bunker fuel not part of vessel
A BANK'S mortgage over a vessel does not include bunker fuel or lubricating oil on the vessel because these cannot be considered physical parts of the ship, an Australian court ruled last month.
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| SEPTEMBER 7, 2007 |
- Evergreen plans cheaper ships by owning shipyard in China
- FESCO to launch North China-Russia service
- CCT sets new box handling record in August
- Chengdu to build rail container hub in October
- Container shipping rates rebound on higher volume: Transport Intelligence
- Safmarine to take delivery of seven newbuildings in 2008
- Panama Canal expansion begins in earnest
- Airbus to end production of mid-sized A300, A310s
- Lufthansa invests in air cargo terminal in Tianjin
- No cabotage in Chile-India 'open skies' air cargo deal
- Maximus Air Cargo expands its fleet to 8 aircraft
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| SEPTEMBER 7, 2007 |
- Need for cooperation between shippers, maritime trade in S. Asia stressed
- Merchant Shipping (A) Bill awaits Rajya Sabha nod
- Shreyas acquires 51 pc stake in Haytrans India
- 9 cos submit EoI to set up shipyard on East Coast-Baalu
- Bulk of imported wheat to be of European, Canadian origin
- Indo-Swedish trade surges by 55 pc during 2006-07 c&f
- Railways begins gauge conversion to connect hinterland to 4 Gujarat ports
- Rites to upgrade Tanzanian railway network
- CONCOR to augment facilities in Ratlam-ICD-Pithampur area
- FinMin to bring in export valuation rules soon to curb DEPB misuse
- Need for better infrastructure stressed
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| SEPTEMBER 6, 2007 |
- Evergreen chairman honoured
- Hutchison to develop container port in Pakistan
- Volga-Dnepr orders three Ilyushin IL-76 freighters
- Swiss federal railway improves transport performance
- Time: matters takes over from Fraport Cargo Services in Frankfurt
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| SEPTEMBER 6, 2007 |
- California emissions law not enforceable
- Alaska rules guide for cruiseships
- Liberia seeks new maritime commissioner
- Boxship outruns Malacca pirates
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| SEPTEMBER 6, 2007 |
- ACL to acquire Elliott Bay Design Group
- RollDock opens Houston office
- Samsung Heavy Industries adds $1.3 billion to orderbook
- European team completes diesel R&D project
- Carnival Spanish cruise JV on track, but TUI plan fizzles
- China plans shipyard licensing system
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| SEPTEMBER 6, 2007 |
- Georgia Pacific announces plan to quit operations in Bellingham
- Historic crane arrives at Vancouver, BC terminal
- Tacoma 'Port Report' program returns to local cable channels
- Port of Bremerton will test new waste water treatment system
- Crowley teams with Red Cross to deliver disaster supplies
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| SEPTEMBER 6, 2007 |
- Poland extends Stocznia Gdynia sale deadline
SALE period lengthened after only 10 firms show interest in investing.
- Poland puts Stocznia Gdynia up for auction
- Samsung scores a win with won deal
SHIPBUILDER curbs risks by inking contract for full payment in South Korean won with BP.
- Users pledge to fund Malacca Strait safety
SIX countries vow to contribute to navigational safety projects but major European shipowning nations yet to make commitment.
- Kieling over? Canal bids to avoid being left on the bench
THE future of the Kiel Canal is at risk as larger vessels and changing shipping patterns make it a less attractive option.
- Sea of faith
SHIPOWNERS may not look unduly pious, but nevertheless they have a great deal of faith.
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| SEPTEMBER 6, 2007 |
- US greens sue for strict air rules
An international environmental group has filed suit against the US Environmental Protection Agency in an effort to force stricter rulemaking on air pollution standards for commercial vessels
- Credit fears lead to loan squeeze
UPWARDS of $34 billion in bank-held infrastructure financing funds have become paralysed as debt investors have become nervous over recent shifts in credit trends
- Firms scramble to build Indian yard
Nine firms are competing to build a huge shipyard on the Indian east coast, while three have expressed interest in a west coast facility
- Titan frees stranded Maersk ship
TITAN Salvage reports that the 4,542-teu Maersk Diadema has been freed from a sandbar off the channel into Mexico's Lazaro Cardenas
- Vote may not decide ICG's future
IRISH Continental Group's independent directors have been given the go-ahead by the Irish High Court to ask a shareholders meeting to decide on the takeover offer
- Spanish Algerian divorce turns ugly
Sonatrach has accused Spanish companies of an "industrial fiasco" over the delays that eventually killed the Gassi Touil gas field project
- NAT gears up for Suezmax bonanza
- Cargo info system goes live at last
- Titan to focus on oil logistics
- Suez fraudsters in new scam
- Fishermen oppose salvage op
- MC Shipping sells up
- Dynamite salvor in hot water again
- Lion and Vinashin in steel deal
- Share prices hinder Novoship sale
- Schwarzenegger kills $30 box bill
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| SEPTEMBER 6, 2007 |
- Veto threat leads Lowenthal to hold over California container fee bill until 2008
Bill authored by activist senator would have levied $30-per-TEU fee on containers at LA, Long Beach, and Oakland.
- Port Tracker forecasts congestion-free October
- $1B bill for clean trucks
- Increase for MSC U.S.-Far East ag rates
- Judge dismisses challenges to new Charleston terminal
- Manufacturers: Asia meet could jumpstart Doha talks
- August rail traffic falls
- Menlo completes 3PL buy
- Canada will accept U.S.-registered Mexican trucks
- Nine vie for India shipyard
- Bear Stearns affiliate buys MC Shipping
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| SEPTEMBER 6, 2007 |
- New block train service for Moscow
- APMT opens up officially in Xiamen
- Unpopular US port bill shelved until 2008
- New York Terminal Conference increases rates
- Canadian ports unfazed by US scan-all legislation
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| SEPTEMBER 6, 2007 |
- Guilty
Greece's Ionia Management convicted of waste-oil violations after jury trial in New Haven.
- EPA sued over ship emissions
Activists say US environmental agency failed to meet deadline to regulate pollution.
- ACL buys engineering firm
US barge and shipyard company takes over Elliott Bay Design Group.
- PetroChina inks LNG deal
Second of two Austrialian import agreements to support Chinese terminal projects.
- Bulky profits for Premuda
Italian owner boosted in first half by strong dry cargo market.
- Maersk Diadema freed
Wulff-owned ship may have suffered slight damage after running aground in Mexico.
- NAT so good
Herbjorn Hansson tells tanker owner's shareholders to expect weaker third quarter, but winter promises better things.
- ISM campaign's first scalps
A worldwide check on safety management has already seen ships detained.
- Out with the old...
Korean bulker owner STX Pan Ocean lets one oldie go and signs up for new unit at offshoot STX Shipbuilding.
- Bottiglieri back in China
Italian owner orders more post-panamax bulkers at Jiangsu Yangzijiang.
- Baalu shows SCI's hand
India's shipping minister says state owner will order 31 ships in current financial year.
- Finaval feeling flush
Italian IPO candidate produces 93% jump in profits for first half.
- NYK powers up
New boxship successfully tests shoreside electrical power unit to cut greenhouse gas emissions.
- Players vie for yard pie
Seven Indian outfits and two outsiders express interest in setting up new shipyard on India's east coast.
- Seaways feeds the west
New west coast boxship run from Pipavav to JNPT launched by Indian owner.
- Won win situation at Samsung
Korean yard grabs first complete order in local currency for FPSO with another boxship quintet also inked.
- MBC eyes big returns
Malaysian owner could push annual profit up 17% as bulker market booms, boss Kuok Khoon Kuan says.
- Blue Lady cleared for scrapping?
Indian government tells Supreme Court that decontamination rules regarding former Norway have been complied with.
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| SEPTEMBER 6, 2007 |
- COSCO transferring bulk ships to Hong Kong arm
- Bear Stearns acquires MC Shipping
- Hanjin listing schedules with OceanSchedules.com
- Diana charters bulk carrier
- British Airways cargo up 3.9% in August
- Costa Rica allows U.S. cattle imports
- UTi's profit down after accounting gain last year
- Descartes net profit up 55%
- Menlo buys Cougar Express
- RFID will grow in logistics
- Smith named APHIS administrator
- Dutch logistics group opens Hong Kong office
- Ag Secretary Johanns promotes DR-CAFTA in Central America
- Former Rep. Dunn dies
- California ports container tax bill shelved
- Small vessel radiation detection project launched in Seattle
- Maersk opens new Xiamen box terminal
- Tacoma port starts work on East Blair Waterway terminal development
- Grace joins Virginia terminals board
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| SEPTEMBER 6, 2007 |
- Whole marine team leaves Codan in Bergen
The Codan Marine Services team in Bergen has decided to leave the company. SSG has learned that they have been ...
- Nato wants to protect the tanker fleet
According to NATO Secretary General de Hoop Scheffer, his organisation should play a greater role in the protection ot the ...
- Tor Anglia back with military equipment from Iraq
The DFDS owned ro/ro vessel Tor Anglia arrived this week at Aalborg for the discharge of the last military ...
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| SEPTEMBER 6, 2007 |
- Arguments not 'persuasive' in bunker fuel court case
Judge not convinced by California position on distillate fuel use in striking down of local rules.
- Source of spill remains a mystery
Coast Guard still working to determine origin of spill as clean-up continuing.
- Shell refinery forced to close
Local bunker markets under further pressure from government action.
- Crude up following US oil inventory drain
Stocks of crude and gasoline drop more than expected, sending WTI to five-week high.
- Middle East bunker squeeze continues
Cuts in key Iranian fuel oil exports expected during September and October.
- Rotterdam market remains firm
- Russian oil flows falling
Shipments via Estonian at new low and St. Petersburg exports set to fall in September.
- EMSA vessel 'not involved' in New Flame operations
Gibraltar government stressing that it has not requested EMSA intervention.
- Singapore: Residual fuel stocks up
Middle distillate inventories at five-week low.
- Australia Bunkering welcomes new trader
- OceanConnect to open office in Japan
Company source says Tokyo office should be running by the end of end-September.
- Oil leaks from sunken ship
Philippine officials say oil is coming from a 34-year old wreck.
- Typhoon halts Tokyo bunker deliveries
Bunker deliveries expected to resume on Friday.
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