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| MAY 8, 2007 |
Shipping News
- Hyundai Heavy Q1 profit surges on orders
HYUNDAI Heavy Industries Co, the world's largest shipbuilder, said yesterday that first-quarter net profit skyrocketed on demand for high-priced oil tankers and container ships.
- Vinashin plans to raise 12 trillion dong from bonds
STATE-owned shipbuilder Vinashin plans to raise 12 trillion dong from domestic bonds by the end of the year to fund expansion and meet its multi-billion-dollar order book.
- EU joins US in probe into maritime hose cartel
EU investigators have joined their US counterparts in an investigation into a suspected global cartel in maritime hoses used to load and unload oil tankers, the European Commission said last week.
- M'sian shipyard delivers 2 high-speed ships
- Prosafe wins US$418m FPSO job
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| MAY 8, 2007 |
- NYK to deploy 38 containerships with alternative power system
- Sinotrans to increase investment in Anhui
- Work begins on Shanghai Overland Freight Exchange Centre
- Schenker and BAX Global merge in Singapore
- DP World looks to re-finance P&O through minority share sale
- Chittagong touts SMS box spotter and sees 24-hour turnarounds
- Qantas' Cairns base to trim staff yet absorb Australian Airlines workers
- Transnautic to market Norwegian Air Shuttle in France
- Emirates commercial postal carrier opens air cargo service
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| MAY 8, 2007 |
- Aeromar celebrates 2nd anniversary
- Cost of hiring Capesize ships falls
- HPCL, BPCL may be allowed to hire tankers directly
- Goodearth Maritime’s HSL-built bulk carrier all set to sail soon
- MSC chief projects containerships oversupply in 2-3 years
- OEL’s new service directly links Kolkata Port to PTP every week
- CSAV offers new range of options from Asia
- New mega boxship for Hapag-Lloyd
- Evergreeen Line and Cosco offer peak season Straits-Red Sea service
- OOCL ranks among Top 5 in documentation performance
- Rickmers-Linie names Aseco as S-E Europe agent
- CMA CGM launches Asia to North Africa service
- Hanjin Shipping adding five 8,600-TEU ships to upgrade fleet
- Evergreeen Line named best intra-Asian shipping line for 3rd year
- ANL enters into vessel sharing agreement with USL
- Hamburg Sud records 8 pc revenue rise
- AADA to hike bunker surcharge
- GTS offers ship-to-ship transfer service in Malacca Straits
- WTSA member carriers plan to hike Panama Canal charges
- US share of global box trade falls
- Bangla preparing items for duty-free access to India
- First rakeload of 60 containers arrives at New Mangalore Port
- AI to launch all-cargo operations in June
- Forex reserves up by $ 254 million to $ 2,04,135 million
- Tax collections exceed even revised estimates
- SC ruling on ‘total turnover’ benefits exporters
- PM seeks Jalan’s help to end exporters’ woes
- States against tax sops for non-manufacturing areas in SEZs
- Farmers reaping fortune in SEZs, claims govt official
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| MAY 7, 2007 |
- New Etihad executive vice-president cargo
- CMA CGM launching Asia-North Africa service
- Emirates launching double daily flights to Beijing
- SNCF subsidiary Naviland Cargo in the black
- Gefco opens new automotive facility in UK
- DoT delays Mexican trucks programme in USA
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| MAY 7, 2007 |
- Wilh. Wilhelmsen hit by bunker hedging losses
- Horizon to buy Hawaii Stevedores
- NOS adds TD17
- BW Gas sells old gas carrier
- Deep Sea Supply fixes newbuildings
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| MAY 7, 2007 |
- Samsung confirms $1.28 billion box ship order
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| MAY 7, 2007 |
- Horizon Lines announces purchase of Hawaii Stevedores
- Trade between NAFTA partners down during month of February
- PDX noise committee plans Vancouver meeting
- US/Mexican truckers will have equal border access
- US, European Union ink open skies deal
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| MAY 7, 2007 |
- Rina appeal delayed
ERIKA trial will not be disrupted by appeal against immunity decision.
- Rina makes new bid for Erika immunity
- HAL faces $20m class lawsuit
SEAFARERS claim line forced them to pay back airfare to and from their ships.
- 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 7, 2007 |
- RCCL unveils 'deluxe' Azamara
MIAMI 07 May – Royal Caribbean Cruises Ltd. (RCCL) has launched a new brand, Azamara Cruises, using initial tonnage from Pullmantur
- BC Ferries fires three
THREE crew members who were on the bridge of BC Ferries' Queen of the North when it sank on 22 March 2006 have reportedly been fired
- Protesters block LNG delivery
FISHERMEN have stopped the LNG carrier Galicia Spirit from unloading the first gas cargo for the new Reganosa LNG regasification facility in the Ria de Ferrol, Spain
- Quintana continues Capesize push
QUINTANA Maritime more than doubled its first-quarter earnings and is aggressively hiking its Capesize capacity through joint ventures
- Horizon buying Hawaii Stevedores
HORIZON Lines plans to acquire Hawaii Stevedores Inc. and operate the company as a subsidiary
- Subsidies sought for US repairs
- Hyundai profits soar
- Injured refinery worker dies
- CSAV inks box charters with Trust
- Rickmers units begin trading
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| MAY 7, 2007 |
- Highway connection to Port of Oakland reopens after tanker truck accident
A highway ramp linking two vital truck routes to the Port of Oakland re-opened early Monday morning following a fiery truck crash April 29.
- PierPass processed 13K truck moves a day in 2006
- Chipolbrok offers westbound U.S.-Asia break bulk service
- Lawmakers introduce new rail competition bill
- Hutchison joins port ventures in Xiamen, Izmir
- TNT boosts Q1 earnings
- 11% gain for Kolkata boxes
- Rotterdam plans steel terminal to lure break bulk
- BNSF unveils LNG hostlers
- Wilh. Wilhelmsen net off
- Lift for Atlas Air profit
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| MAY 7, 2007 |
- Eagle dips
Profits are down at Eagle Bulk and would have been a near replay of last first quarter but for a non-cash charge.
- Quintana eyes spot play
Stamatis Molaris says locked-in revenues mean Quintana can be “more creative in its chartering strategy”.
- Mittal takes panamaxes
Harish Mittal-led Mercator has won charters for four bulkers it is buying from Norway’s Blystad.
- Bulk boomlet
US investors have sent Excel, DryShips and even fleetless Star Maritime up by over 6% today as all bulk shares rose.
- FreeSeas starts to sprout
Greek dry-bulk owner spends $114m on second-hand quartet in deal part-funded by Restis family interests.
- Hosed in Houston
US authorities have hit Offshore Technology Conference attendees over a plot to fix the price of tanker cargo hoses.
- BW Gas scraps another
Twenty-nine-year-old unit sold for demolition to undisclosed buyers for $9.1m.
- Euronav sells VLCC
Belgium’s Euronav has sold its oldest VLCC.
- Thoresen renews charter
Dubai-based Nico Middle East Ltd has extended the charter of a Thoresen Thai-controlled support vessel.
- Jinhui splurge continues
Hong Kong and Oslo-listed supramax owner signs for two more units at Tsuneishi in deal worth $67m.
- Vroon confirms Mitsubishi four
Dutch owner building car carrier fleet further with deal for four 3,900-capacity vessels in Japan.
- JNSL makes strong start
Jordan’s national shipowner posted profit for first quarter after loss-making 2006.
- Ire in Ireland at ship stalemate
ITF may seek arrest of Latvian vessel moored off island for over a month while owner remains tight-lipped.
- Husell wants Eckero stake
Finnish investor offers to buy Birka Line’s 20% holding in rival ferry operator.
- Faroese tanker heads to Nigeria
Veteran single-hulled ship starts new life as bunker supply vessel.
- HHI on a high
Korean shipbuilding giant posts monster first-quarter profit as more expensive tonnage heads to owners.
- Vinalines eyes $1bn issue
Vietnamese owner will sell overseas bonds next year to raise money for fleet expansion.
- Wartsila powers ahead
First quarter operating profit up 77% at Finnish ship engine maker as orderbook swells.
- CSAV takes PST pair
PIL shipping trust spin-off inks deal to charter two 4,250-teu containerships to Chilean owner.
- K Line targets India
Shipowner is opening an office in Mumbai with a particular focus on bulker and PCTC sectors.
- "It’s just an investment"
Genco chairman Peter Georgiopoulos gives the lowdown on his reasons for taking a stake in Jinhui.
- Deep Sea fixes trio
John Fredriksen offshore company finds employment for two of its PSVs and an anchor handler.
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| MAY 7, 2007 |
- ASC blasts intra-Asia lines for adding THCs without consulting shippers
- Asia/Canada lines raising fuel surcharges
- NYK to deploy 38 shore-power capable vessels by 2009
- New Jersey O.K.s airport expansion
- Draymen support new chassis regulations
- EGL determines CEVA offer better, but says will consider new bid
- Overseas executives charged with bid rigging
- USDA reports success with animal ID system pilots
- Philippine tuna exporters urged to pool cargo
- USDA expands quarantine of plants in Bay Area
- Expeditors scores double-digit income, revenue growth
- Global Insight: Port volume to break records twice in two months
- Horizon Lines to buy Hawaii Stevedores
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| MAY 7, 2007 |
- Half of rig orders are Norwegian related
Half of the 116 rigs currently on order world-wide are booked by Norwegian of Norwegian related companies. The total ...
- NYK/LauritzenCool and partners takes over the Great White Fleet
NYK/LauritzenCool has taken control over the Great White Fleet owned by Chiquita Bananas. The banana producing company has sold ...
- Erria takes more tankers from Turkey
Erria A/S is about to enlarge their fleet of chemical tankers further. The company just purchased two newbuildings from ...
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| MAY 7, 2007 |
- New boost for Emissions Trading
Cross agency report finds emissions trading would work in North Sea and Baltic.
- Nigerian buyers take single-hull tanker
Sources say it will be used as a bunker vessel.
- Russia keeps fuel oil markets guessing
Players tell Bunkerworld that cargo movements through Estonia have slowed.
- ARA barge market down on crude
- Singapore market 'firm', but refinery fire not to blame
Players say oil terminal cargo movements behind 'tightening' supplies.
- Bunker costs hit company's results
Indian bulker owner reports lower net earnings in Q1.
- New double-hull bunker tanker for HK fleet
Independent supplier takes delivery of the territory's largest double-hulled bunker tanker.
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