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| JANUARY 9, 2007 |
Shipping News
- PSA names S-E Asia and S'pore Terminals' CEO
PSA International has appointed its group chief financial officer Kuah Boon Hwee as its South-east Asia and Singapore Terminals' chief executive officer.
- Shanghai port moved 20% more boxes in 2006
SHANGHAI, China's busiest container harbour, moved 20 per cent more containers last year, as the nation's increasing trade boosted demand for sea traffic.
- Ahoy there, Singapore!
THE Swedish ship Gotheborg firing her eight cannons in port waters as a salute to Singapore on her arrival recently.
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| JANUARY 9, 2007 |
- Tianjin port foreign trade value rises to US$100b
- Trans Asia Line adds service to Central Asia and Afghanistan
- China Shipping loses Korean suit, must pay US$12.6m
- Retail traffic growth expected to drop at US ports in '07
- India gears up for a string of port development works
- Containers loading grain from US, up 110pc over three years
- MSC appoints two vice presidents
- Kerry-Lynden JV to strengthen Europe-India service
- DHL wins big contract from Saudi oil producer, Aramco
- GAC Logistics brings circus to town in Dubai
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| JANUARY 9, 2007 |
- Swire Shipping becomes consolidatebrand for majority of China Navigation Co’s liner services
- Italia Marittima honoured for visionary role
- Croatia diluting stakes in shipbuilding leaving room for foreign capital
- Shipping lines raise capacity by 14 pc in 2006, fastest in 6 years
- OOIL to sell, lease back 8 ships worth $ 480 m
- Maersk Line to raise rates across trades, upgrades Europe-C. America coverage
- Greek shipowners spend record $ 14 bn
- Adanis sign pact with Petronet LNG to develop bulk cargo terminal at Dahej
- RITES asked to prepare report on 4 new dedicated freight corridors by year-end
- All domestic airports being equipped to handle international cargo
- Mizoram airport to get cargo handling facilities
- Service tax on toll collecting agencies proposed
- Investment of $ 350 bn in infrastructure: 2007-12
- Pawar seeks cut in import duty on non-edible oil
- Baalu presents another ‘negative grant’ cheque to PM
- Cess abolition will boost exports-AEPC
- Take it off-SIMA
- States seek Rs 271.54 cr. under ASIDE to develop AEZs
- Large number of SEZs not viable, says WB economist
- Trade missions from New York, California coming
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| JANUARY 9, 2007 |
- Sexy shipping?
- Fredriksen offloads another single-hull tanker
- US union bosses found guilty
- Letters of indemnity warning
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| JANUARY 8, 2007 |
- AMO replaces Michael McKay
- IMO sets up security sub-division
- Bill seeks scanning of all containers
- Top three Korean shipbuilders target $36 billion in sales
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| JANUARY 8, 2007 |
- Crowley launches new barge at Gunderson facility in Portland
- Schnitzer Steel releases first quarter '07 numbers
- World Trade Center Tacoma schedules 2007 Globe Awards
- Community meeting set for Seattle Ferry Terminal project
- Alaska Airlines bringing transcontinental flights to Portland
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| JANUARY 9, 2007 |
- US to impose box screening at foreign ports
FAST-TRACK legislation being readied in the newly Democratic US Congress is calling for a ban on cargo containers from entering the nation within three years unless they are scanned at source by US-installed equipment and fitted with US-mandated seals.
- Security tsar for IMO
MARITIME security has been pushed further up the political agenda with the creation of a new sub-division within the International Maritime Organization.
- Restis snaps up one-third stake in FreeSeas
ION Varouxakis-led FreeSeas has gained a powerful new shipping investor in the shape of the Restis family, which controls one of Greece’s five largest family fleets, writes Nigel Lowry in Athens.
- Shell tops tanker charter table as traders rise
"You can be sure of Shell" is one of the Anglo-Dutch oil major’s advertising slogans that the tanker market will enthusiastically endorse.
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| JANUARY 8, 2007 |
- Seafarers killed by toxic fumes
TWO seafarers have died from inhalation of poisonous fumes and the other eight on board were evacuated from their ship after a cargo reacted with rain water
- Minor collision leaves seafarer injured
A crewman from a US offshore supply vessel was injured on Friday evening in a minor collision with a Japanese product tanker in the anchorage off Galveston
- Tourists stranded in Southern Chile
MORE than 200 tourists and crew members were stranded on a Magallanes ferry for four days in Chile’s southern Puerto Edén region after the vessel's engines broke down
- IRISL starts euro-based transactions
IN compliance with government policy, Islamic Republic of Iran Shipping Lines and its subsidiaries have started commercial transactions in euros
- KG placings down by 25%
- Ship Finance sells single-hull tanker
- French keep up pollution watch
- Pan-United diversifies into FPSOs
- US union leaders convicted
- US bill seeks scanning of all boxes
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| JANUARY 8, 2007 |
- No explosives found at Port of Miami
Police investigation turns up no bomb threat just one day after truck gate incident that sparked security scare at South Florida port.
- Canada challenges U.S. farm aid
- Port of New Orleans sees steel imports soar
- JoC parent acquires AIG, aviation conference manager
- Abney named UPS COO
- Amsterdam cargo up 20%
- Antwerp hits 7M TEUs
- Modest airfreight gains for United Airlines
- Norfolk container hub retires last of transtainers
- AirBridge is first Russian carrier to join Cargo 2000
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| JANUARY 8, 2007 |
- Updated: Bangladesh Chamber of Commerce warns of transport system collapse
With many people injured in the first of three days of protests in Bangladesh, the Chamber of Commerce is warning of transportation-system collapse and businesses grinding to a halt.
- Global economy set for fifth year of growth
- Greece delays port's tendering to end strike
- JICT workers cancel strike plans
- Russian-owned capital makes another transport breakthrough
- Busan port sees modest growth in 2006, despite larger capacity
- Barge operator, Contargo, to operate Germersheim facility
- IMO elevates security issues with maritime security promotion
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| JANUARY 8, 2007 |
- VLCCs sink OSG share ceiling
Lazard analyst still likes Overseas Shipholding Group, but no longer thinks the stock is going to $78 per share in 2007.
- AMO to sue McKay
Tom Bethel is new president of the AMO union after the ouster of convicted labour racketeer Michael McKay.
- SeaDrill on the rise
New York bank sees 19% stock upside for Norwegian driller in 2007 and possible merger with US counterpart.
- Ilmarinen wants more
Finnlines’ second-biggest shareholder will only sell to Grimaldi if the Italians go to EUR 20 per share.
- Restis buys FreeSeas stake
Greek family now holds 33% stake in Nasdaq-listed bulker company after seeing its own IPO efforts fall flat in 2005.
- Shell still top dog
Anglo-Dutch oil major retains crude oil charterer top spot, but figures reveal growing influence of traders.
- More combis for Skaugen
But Chinese LNG/LPG carriers will cost an extra $6m each as prices rise and owner adds ice-class specs.
- NY yard worker crushed
Falling metal plate kills 51-year-old at GMD Shipyard in US.
- CSAV adds capacity
Chilean container line CSAV beefing up Europe to South America service with new string.
- Donbas buys Gdansk stake
Ukrainian steel group chasing Stocznia Gdynia takeover snaps up 4% of Gdansk Shipyard in Poland.
- Eitzen sells shiprepair stake
Subsidiary Stromme Holdings books NOK 1m loss offloading shareholding in Spain-based yard Crosscomar.
- Fredriksen sells a suezmax
Ship Finance to offload single-skinned Front Transporter for $38m, with $15.4m going to Frontline.
- Scandlines holds firm
Passenger numbers stable for German-Danish ferry owner in 2006, with profits forecast higher than 2005.
- Cochin thinks small
Indian shipbuilder focuses on offshore orders with new small ship division.
- Man injured in tanker collision
USCG rescues one from offshore supply ship which collided with products tanker in Galveston anchorage.
- Chong eats up Vita
Former Links Island founder takes holdings in troubled Singapore shipowner to almost 17.3%.
- New shipyard for Dolphin
Indian marine group will build Gujarat facility to construct offshore vessels.
- One dead in North Sea
Accident onboard FPSO off Scottish coast claims life of UK national with another injured.
- Two poisoned in Black Sea
Russian and Ukrainian dead and eight others hospitalised after chemical reaction onboard vessel.
- Concor looks at shipping again
Indian rail and logistics company could be firming up plans to move into boxship industry.
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| JANUARY 8, 2007 |
- Labor shortage at Panama hub Balboa causing delays
- CSAV expands Europe/East Coast South America presence
- OOCL names 11th 8,063-TEU ship
- China Shipping, Sinotrans to swap China/Philippines space
- Lufthansa Cargo sells majority stake in time:matters
- United, American post small cargo increases for 2006
- STB announces appointments
- LMS opens southwest headquarters
- Woodside Energy renews Kuehne + Nagel contract in Australia
- Undocumented trucker leads to security scare at Port of Miami
- Democrats push 100% scans in 9/11 bill
- Corruption at Chittagong port hurting shippers, Bangladesh citizens
- Port Everglades’ TEUs up 8.4% in 2006
- CBP rotates area port directors
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| JANUARY 8, 2007 |
- All time high for Viking Line
During last year more than 5.6 million passengers travelled with Viking Line’s ferries. The growth compared to 2005 was almost ...
- Norwegian rigs worth NOK 39.4 bn on order
Norwegian-controlled companies now have 25 drilling rigs worth NOK 39.4 billion (EUR 4.76 billion) on order, or 23 per ...
- Campaign to recruit more Norwegian seamen
Between 10,000 and 15,000 Norwegian seamen are needed to man 325 vessels and 42 rigs now on order, and the ...
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| JANUARY 8, 2007 |
- Company touts new cold ironing solution
Mobile system offers ease of use, but port authority looking for proven technology.
- Dual-fuel ships gain popularity
Gas and bunker-powered LNG carriers offering lower emissions and greater efficiency.
- Trader changes at Bominflot office
Bominflot Group announces new trader in Rotterdam.
- New year brings complications
Bulgarian bunker suppliers seriously stuck due to new product contract negotiations and customs issues.
- Slowing down not ideal
Consultants say there are better ways of saving fuel than going slower.
- Bunker Holding announces new appointment
- Rotterdam market very quiet
- OPEC output cuts can limit price slide
More OPEC output cuts necessary this year to avert further drop in oil prices, a research paper says.
- Hong Kong gears up for 500 cst sales
Two local suppliers soon to debut newbuild barges with cargo heating devices.
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