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| AUGUST 8, 2007 |
Shipping News
- Council slams US scanning law
A new US law passed last week requiring 100 per cent of US-destined containers to be scanned in foreign ports by 2012 is not only unworkable but will never be implemented because of potential bilateral repercussions, according to the head of the World Shipping Council (WSC).
- Pacific Basin H1 profit quadruples on better rates
Pacific Basin Shipping Ltd, a Hong Kong-based operator of dry-bulk cargo ships, said first half net income more than quadrupled as it charged more to move cargo.
- S Korean shipbuilders receive record new orders in Q2
South Korea, the world's biggest shipbuilding country, received record orders for vessels in the second quarter, helped by increased demand for ships to carry containers, iron ore and coal.
- Baosteel doubles ship orders from Cosco
Strait Talk
- Give instructions in easily understood English
IN THE mythology of the UK's Warsash Maritime Academy, there is an incident that happened well before my time there but was frequently recounted by instructors trying to make a point.
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| AUGUST 8, 2007 |
- Bush signs all-container scanning bill, but it does not bite until 2012
- Guangzhou's Nansha port welcomes two China Shipping services
- China logistics industry value up 25.5pc in first half
- Vancouver throughput rises 5pc to 1.09 million TEU
- Kuehne + Nagel to provide cold chain service for AstraZeneca worldwide
- Schenker seeks 100pc takeover of Spain-TIR
- Jade Cargo makes maiden voyage to Frankfurt from Shenzhen
- United Airlines sees cargo ton miles grow 5.5pc in July
- Ombudsman probes corruption in Philippines customs
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| AUGUST 8, 2007 |
- Greatship Global Offshore places orders for 2 more state-of-art PSVs
- Joyous July for JNPT
- We’ll remain No. 1, vows Rathna Kishore
- Trade bodies applaud PSA Sical for normalising TCT operations
- Integrated transport policy on govt’s agenda
- CII chalks out development formula for Southern states
- Bill to rehabilitate farmers displaced by SEZs soon
- SC to settle land acquisition petitions
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| AUGUST 7, 2007 |
- British International Freight Association names new director general
- Chinese box port growth
- Russia: First Freight Company registered
- Deutsche Post boosts sales and profit in H1/2007
- Poland: State and private cargo railways at war
- USA: 100% cargo inspection abroad to become a reality
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| AUGUST 7, 2007 |
- IBIA slams "misleading" SECA advice
- IMO sets up Stowaway Focal Point at the IMO
- BW Offshore enters installation market
- Eletson picks EMS for LPG ship training
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| AUGUST 7, 2007 |
- Guilty plea in Navy bid rigging case
- Eagle Bulk adds newbuild options to fleet expansion splurge
- Korean yards book orders worth $33.2 billion
- IMO sets up stowaway unit
- Milestone contract for new Ezra vessel
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| AUGUST 7, 2007 |
- DryShips unveils new $620m bulker spree
DRY bulk specialist to buy eight newbuilding and secondhand vessels.
- DryShips celebrates best quarterly result to date
- Cosco inks newbuild charter deal with Baosteel
COMPANY signs three long-term service contracts with China's largest steelmaker.
- Inmarsat targets March for third I-4 launch
MARITIME communications giant pairs record-breaking second quarter financials with confirmation of early launch of satellite.
- Shipping leverages the power of brand
AS a sector that has traditionally lacked visibility, the industry is now playing to a new strength.
- Blind driving
ONE wonders how many ships there are at any one time on autopilot, with lone watchkeepers fast asleep?
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| AUGUST 7, 2007 |
- Rail strike to hit German ports
GERMANY’s ports will face severe disruptions in the next few days as the wage dispute between German state rail group Deutsche Bahn and its engine drivers escalates
- Aboitiz pruning brings 1H growth
AGGRESSIVE cost-saving measures and a drive to improve operating efficiencies are paying off for Philippine inter-island operator Aboitiz Transport System
- DryShips extends bulker binge
DRYSHIPS has confirmed plans to purchase eight bulkers for $620M, just weeks after $1Bn-plus moves by both Eagle Bulk and Genco
- Washington finds short-sea funding
FUNDING for a fledgling short-sea programme in the US won approval in the House of Representatives just as Congressmen left Washington for their summer recess
- Trailer Bridge posts improve 2Q
- Rocha accused of Sharp practice
- India considers over-age ship safety
- Full US box check 'not possible'
- Pac Basin awaits Nanjing opening
- Lanka assessing new coal need
- Koreans shrug off doomsday fear
- IHI yard worker killed in blast
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| AUGUST 7, 2007 |
- Bush nominates Anderson to head FMC
President Bush has nominated current commissioner A. Paul Anderson to be chairman of the Federal Maritime Commission.
- Ahern takes over as Customs deputy commissioner
- CMA CGM adds car boxes
- i2 income falls
- Report: NYK Line wins Chinese ore contracts
- India port strike planned
- Pattullo to head CEVA, EGL
- New cranes for Shenzhen hub
- Tentative contract for Norfolk Southern trainmen
- DryShips buys eight vessels
- Jefferies names shipping chief
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| AUGUST 7, 2007 |
- Strike off... chaos averted this week
- Tuticorin temporarily back to full capacity
- Samskip adds another call at Zeebrugge
- Bush signs into law the ‘100% container scanning bill’
- Panama Canal container vessel transits up 10.7% in Q3 2007
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| AUGUST 7, 2007 |
- New split over Napoli
Harland & Wolff denies MCA claims it has clinched the contract to recycle boxship section.
- One dead on P&O ship
Operator denies reports that 31-year-old Australian passenger died as a result of a fight onboard ship.
- Fesco foursome
Russian owner signs for a quartet of supramax bulk-carriers at China’s Quingshan Shipyard.
- USCG search called off
No sign of Filipino seafarer overboard OSG-managed tanker as US Coast Guard ends 36-hour search off New York.
- Baosteel in Cosco deal
Chinese steel giant signs new iron ore and coal shipment contracts with compatriot.
- Port strike looms in India
Federation of port and dock workers threatens action as government stalls on demands.
- Pac Basin packs a punch
Hong Kong owner delivers knock-out first-half net profit as dry-bulk rates soar on global growth and bottlenecks.
- Buttery toast at Pac Basin
Hong Kong bulker owner salutes chairman Christopher Buttery who is to step down in January.
- IHI ahead
First-quarter result puts Japanese group well on way to meeting annual profit target.
- Marshall Islands boost
Pacific open register follows Liberia in being removed from OECD blacklist of tax havens.
- Toei returns to red
Japanese owner Toei Reefer Line follows annual profit with first-quarter loss, but revenues rise.
- Kuribayashi downbeat
Japanese ro-ro owner sees full-year profit coming in well below last year’s total, but first-quarter shows improvement.
- ADSB repairs damage
UAE yard Abu Dhabi Ship Building claws back first-quarter loss to record strong second period.
- Jan De Nul inks dredger pair
Belgian dredging contractor splashes out EUR400m on newbuildings in Croatia and Spain.
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| AUGUST 7, 2007 |
- Trailer Bridge narrows 2nd quarter loss
- NYK's Keller: Growth capacity behind carrier's move to Tacoma
- Samskip adding Zeebrugge to Baltic loop, Poland to follow
- DryShips adds eight ships to fleet
- CMA CGM adds car containers to fleet
- U.S. Shipping Partners reports higher revenues, lower profit
- Cathay Pacific orders another five Boeing 777-300ERs
- Cargolux accepts 15th Boeing 747-400 freighter
- Pattullo takes reins at CEVA
- ITC offers look back at 2006 trade
- Atlanta to host Dick's DC
- Commerce’s Wysong joins Washington law firm
- National Logistics Management promotes Robertson
- Shipco announces key promotions
- Panama Canal tonnage flat in 3rd quarter
- Iran pledges $350 million for Nicaragua port project
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| AUGUST 7, 2007 |
- North Sea SECA implemented this weekend
On Saturday, August 11, the new North Sea Sulphur Emission Control Area (SECA) will be implemented. The new SECA covers ...
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| AUGUST 7, 2007 |
- Record results, more barges for K-Sea
Continuing expansion for barging company with numbers up and fleet expanding.
- ARA barges sharply down in late trade
HSFO barge deals in Rotterdam down by $14 from Monday when prices had already dropped by $10 since Friday.
- BAFs continue to rise
Recently announced SECA surcharges modest compared to latest rounds of regular bunker surcharge increases.
- Lax SECA compliance 'ill-advised'
IBIA points to misleading advice regarding how Port State Control may interpret fuel sulphur rules on new SECA borders.
- Rotterdam market softens further
- Malaysian firm plans Chinese oil port
$3 billion port and oil tank farms will be an extension of a $5 billion refinery and petrochemical project.
- 500 cst continues to enjoy popularity
Fratelli Cosulich and Total Marine Fuels invest in facilities for supply of 500 cst.
- Titan prepares to trade fuel oil spot contracts
New exchange planned in southern China for trading of fuel oil and liquid chemical products.
- Fresh cargo tenders boost September supplies
Asian bunker prices fell yesterday on higher September inflows of fuel oil cargoes.
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