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| NOVEMBER 7, 2007 |
Shipping News
- Isle of Man registry seeks ties with Asian counterparts
THE shipping registry of a European island rather smaller than Singapore is seeking to improve ties with reputable ship registers in Asia, particularly that of Singapore.
- EU nod for PSA Int'l venture to build terminal in UK
PSA International, the world's second-largest container port operator, and International Port Holdings won European Union approval for a venture to build a terminal in the UK. The European Commission, the EU's antitrust authority, announced the approval in a statement yesterday.
- S'pore group tops bids for Serbian shipping firm
A Singaporean consortium has topped the bidding for Serbia's state-owned shipping company, the country's privatisation agency said yesterday.
Strait Talk
- Sacrificing standardisation in containers
FOR the last dozen or so years, an excellent publication has sat on my bookshelf, being taken down every now and then to shed light on some aspect or other of the early days of containerisation.
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| NOVEMBER 7, 2007 |
- MOL liner operation seeks bigger Black Sea market share
- Container shipping to soar in coming years, says Evergreen chairman
- Foreign trade value of northeast China up 27pc
- Flemming Jacobs to run GSL - new CMA CGM-invested box ship venture
- Foreign trade of Fujian up 18pc in first three quarters
- Port of Qinzhou's throughput rises 50pc cent by October
- Shuozhou-Huanghua railway to expand capacity
- TNT reports strong profit growth of 11pc to US$275.8 million
- Singapore's Terminal 3 holds open house November 12-December 9
- UPS third quarter net profit up 3.7pc to US$1.08 billion
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| NOVEMBER 7, 2007 |
- Seaways begins coastal cargo service from NMP to Port Pipavav
- Regional focus on global shipping boom
- Bharati Shipyard net profit soars to Rs 25.75 cr. in Q2
- Japanese investment may total $ 5 bn in 3 years
- Arvind V. Joshi & Co. sets string of loading, unloading records at Kandla Port
- India, Myanmar finalise Kaladan link project
- Tuna barge jetty resumes operations after 60 years
- Fieo chief seeks package to bail out SME sector
- $ 60-m Exim Bank finance for Myanmar power project
- US Exim Bank ready to finance Indian cos
- Exporters may get more concessions this month
- IMF advises India against imposing curbs on capital inflows
- AEPC seeks sops to overcome crisis facing apparel industry
- Face the reality of rising rupee, FM tells India Inc
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| NOVEMBER 6, 2007 |
- Trageser new Thiel FashionLifestyle MD
- Global Ship Lease investing in containerships
- Emirates Skycargo adds Mexico to Americas mix
- Etihad offers more flights ex Frankfurt
- Four final bids for MAV Cargo
- DSV improves earnings and revenues
- IX Air Cargo Americas starting tomorrow
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| NOVEMBER 6, 2007 |
- Sub-prime crisis hits Precious bond plan
- ICTSI takes over at Batumi
- Houston port development deal
- Cruiseship timeshare sales start
- ITIC helps avoid attempted crew scam
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| NOVEMBER 6, 2007 |
- House votes to override Bush WRDA veto
- Conferees agree FY 2008 Defense Appropriations Bill
- Robert Kurz named President of American Shipping Corp.
- Nichols Brothers shut down may be temporary
- Schlumberger makes offer for Eastern Echo
- Trico Marine poised to acquire Active Subsea
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| NOVEMBER 6, 2007 |
- Britain presses ahead with Marine Bill
GOVERNMENT to forge ahead with plans for bill aimed at managing and conserving marine environment.
- Chamber of Shipping vows to continue dialogue on bill after Queen's Speech
- Brussels warns Croatia over yard subsidies
COMMISSION urges Croatia to reverse policy of pumping cash into its struggling shipyards.
- Profitable Hanjin invests in ships and terminals
SOUTH Korean owner orders capesize pair and ploughs $110m into US box terminal operations.
- Notes on the art of ship finance
AMID turmoil in the banking markets, leading ship financiers have sounded some cautious optimism for future deals.
- Remember the 70s
HOW different is the present situation compared to the banking fiasco that hit shipping back in the 70's?
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| NOVEMBER 6, 2007 |
- Windjammer re-start flounders
Windjammer Barefoot Cruises failed to resume operations as planned on 3 November and faces new legal struggles
- US box imports continue to drop
A NEW survey of US container volumes has revealed further drops in September, with peak-season weakness predicted to persist
- Investors upset over weak US ports
INVESTORS who have sunk millions into US terminal operations over the past couple of years are now upset that feeble container throughput is hurting profits
- Hamburg Süd buys Costa Container
GERMAN container line Hamburg Süd has is to take over Italy's Costa Container Lines
- Quintana sails back to black
BULK operator Quintana Maritime remains 'in play' and has posted a third-quarter profit after losses a year ago
- Terrorists 'running private fleets'
- Hanjin hauls in massive Q3 catch
- Sweden chokes Russian gas pipe
- Pole behind bars over rig collision
- New Maersk boss to tackle box trade
- Talks on for pirated tanker release
- China urges 100% foreign ownership
- Vietnamese crew voted top class
- Dutch group tackles ship emissions
- Charterers play dry bulk chicken
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| NOVEMBER 6, 2007 |
- How to pay is next question for Los Angeles-Long Beach clean-trucks plan
Largest U.S. container gateway set to ban oldest, dirtiest trucks after Long Beach approves new port tariff schedule.
- Bush wants tougher rules for dangerous imports
- Container traffic lags 2006
- More TWIC sign-ups added
- Hamburg S'd buys Costa Lines
- Europe ports face rail strike
- Bayport suits to be dropped
- Halifax builds Asia business
- Maersk reefer software to reduce CO2 emissions
- Expeditors ups profits, retains counsel for anti-trust probe
- Mumbai cargo up 12%
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| NOVEMBER 6, 2007 |
- Rail record for Thamesport
- World Shipping Council questions US security initiatives
- Hanjin's rollercoaster ride
- HHLA IPO success
- Maersk names penultimate E-Class vessel
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| NOVEMBER 6, 2007 |
- Cadets board SeaRiver
US academy cadets have been given the green light to spend sea tours aboard ExxonMobil's foreign-flag tankers.
- Rival buys CCL
Hamburg Sud closes long-anticipated purchase of Italy's Costa Container Lines.
- Double-edged sword
Regional Container Lines sees profits up 39% as dollar weakness hits revenues but cuts costs.
- Superferry bill signed
Hawaii's governor acts to allow the islands' first fast-ferry service.
- Lawrence in sell-off
Kirby chairman sells more than 492,000 shares, fetching nearly $22.5m from the US tank-barge player's stock.
- Master "would have stopped"
Captain of P&O ferry tells court he would have checked on yacht had he known of incident that killed three.
- Li cashes Cosco shares
Asia's richest man sells China Cosco stock in $166m move.
- Brussels bashes Croatian yards
The European Commission says shipbuilding subsidies must be slashed if Croatia wants to join the EU.
- Trico buys Norwegian
Offshore vessel owner is poised to launch Trico Subsea as it buys Norway's Active Subsea.
- Greek sell-off moves closer
Merchant marine minister looks to privatise Piraeus and Thessaloniki container operations.
- Crew scam busted in UK
Scottish agent's suspicions aroused after attempt to place superintendent on non-existent ship.
- Slim-lined SSC cashes in
Singapore Shipping Corp sees second quarter profits soar after dumping third party shipmanagement services in January.
- Garware gains again
Expanding Indian offshore owner sees profit soar in first three quarters.
- D'Amico down
Listed product tanker wing of Italian owner hurt by weak freight rates in third quarter.
- Singaporeans win JRB auction
Daxin Petroleum-led group is highest bidder in privatisation of Serbian national shipowner.
- Kurz takes ASC top job
Jones Act specialist takes over from Gary Mandel at American Shipping Corp.
- PNSC HQ "dangerous" after fires
Pakistan national owner must carry out further tests before five floors of head office can be used again.
- Reliance takes drillship
First of two Transocean vessels being built at Samsung chartered to Indian player for $950m.
- Spot check at Brostrom
Swedish owner held back by continuing weak tanker spot rates in third quarter but remains upbeat in outlook.
- Andersen lays down the law
Life at AP Moller Maersk set to change after new boss slams previous growth and returns.
- Penang desperate to ditch ferries
Malaysian port wants government to buy its loss-making passengership operations.
- Nichols down but not out
Under-fire US shipyard lays off workers, but closure could be short-term.
- Nexus looks up
Prospecting earnings increase revenue ahead of the arrival of FPSO units which should lead company out of the red and into the cold north.
- Seabourn exercises option
Up market Carnival Corp subsidiary returns to Italian builder T Mariotti for third luxury liner.
- Samskip and Delphis team up
Icelandic line coordinates Spanish box run with Belgian partner.
- Quintana swings to profit
Stamatis Molaris-run bulker operation returns to the black as third quarter revenue doubles.
- Hanjin trebles earnings
Korean containership line boosted in third quarter by surging demand for Asian cargoes.
- Greatship orders brace
Great Eastern offshore vessel operating arm takes order book to 16 ships with more domestic orders.
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| NOVEMBER 6, 2007 |
- Hanjin's net income up 2.6% after nine months
- Hapag-Lloyd names 8,750-TEU ship
- Nordic American acquires two tanker orders
- Yang Ming buys two ships
- LAN Airlines lines up 777 freighters
- Singapore Airlines Cargo starts e-freight trials
- UPS Freight to offer money-back on-time guarantee
- Old Dominion names new CEO
- Con-way builds two new facilities in Illinois
- World Bank releases logistics study
- U.S. spends $234 million on agricultural export programs in fiscal 2007
- Meat shippers await benefits of U.S.-Colombia trade pact
- Iran, Cuba to establish joint shipping company
- Oberstar undergoes surgery
- DP World begins pricing shares
- Fruit fly quarantine may expand to cover SoCal ports' fruit importers
- ICTSI company takes over Black Sea port operation
- Inland port weighed for Georgia state
- TWIC enrollment dates set for five ports
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| NOVEMBER 6, 2007 |
- LASCO orders four tankers
Latvian Shipping Company (LASCO) has signed a contract with Hyundai Mipo Dockyard Co to build four ice-classed tankers on 52,000 DWT per unit. LASCO has earlier taken delivery of four ice-classed tankers on 37,000 DWT per unit from ...
- Early delivery for Concordia
Concordia Maritime's newbuilding, the Stena Perros, which originally was due for delivery in February 2008 will be delivered in the beginning of December. The vessel, built with P-Max design at Brodosplit Shipyard in Croatia, will fly the Bermuda flag ...
- Nordea tops nine months shipping bank league
Nordea Bank AB was shipping's busiest lender in the nine months to the end of September being the top bookrunner with 44 syndicated credits totaling USD 10,922 million, or a 19.1 per cent share of the market. In second ...
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| NOVEMBER 6, 2007 |
- New bunker trader formed
UK-registered company focusing on global operations.
- Crude oil touches $97 in nervous market
$100 'within sight' as oil reaches new record, but 'not for long' say analysts.
- Derivatives hit Chemoil's Q3
Losses due to derivatives contracts pushing balance sheets into the red.
- Fuel oil futures further marginalized
IMAREX reports solid October trading figures, but bunker fuel oil derivative volumes plummet.
- Numbers continue to rise in Rotterdam
- OceanConnect expands into Japan
New branch office to cover bunkering business in Japan.
- Mumbai starts duty-free bunker sales
Indian-based bunker supplier quoting bonded 380 cst prices on a daily basis.
- Indian bunker firms look abroad
High taxes and poor infrastructure at home have pushed Indian firms to venture overseas.
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