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| MARCH 9, 2007 |
Shipping News
- PSA's South America plans may be checked
PSA International's hopes for a terminal in South America may be dashed, at least temporarily, as the Ecuadorian government is considering scrapping the tender process for the country's Guayaquil port after all other bidders dropped out.
Admiralty Casebook
- Detention orders upheld
THE Administrative Appeals Tribunal in Canberra last month threw out a challenge to two detention orders issued by the Australian Maritime Safety Authority in August 2005 against the vessels MV Noble Dragon and MV Afric Star.
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| MARCH 9, 2007 |
- MOL to introduce US-South America service
- SCT welcomes new Wan Hai, Hapag Lloyd (CRS) service
- Gazeley enters warehousing business in China
- OOCL Logistics' Tianjin office is up and running
- Nanning to become a regional logistics hub for Asean trade
- Ecu-Line launches direct Singapore-Abidjan service
- Sino-Vietnamese railway transports 160pc more cargo in January
- UK Customs relents on `big bang' declaration rule change
- US Maritime Administration may finance new James River barge line
- IATA pledges to introduce e-freight by end of 2007
- Air cargo carriers using Shenzhen to qualify for subsidies
- Haeco's 2006 profits soar 37pc to US$108m
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| MARCH 9, 2007 |
- DGS relaxes norms for maritime training
- When GAC India had a date with 18th century dreamboat, Götheborg
- GAC unveils corporate academy
- Safmarine CEO highlights logistics providers’ role in cold chain
- Caravel opens Coimbatore branch as part of expansion drive
- State-run agencies alone can export maize now
- Chinese ore market may slip away
- Assocham study sees major export potential for seafood
- Myanmar seeks Indian knowhow for tea production
- ChPT & CITPL sign pact to develop 2nd box terminal
- Paradip port poised for 18 pc cargo handling growth in 2006-07
- DP World offers free transport of ICD boxes from rail yard to Cochin Port
- UK ports mission to scout for investment opportunities
- Fresh SEZ approvals & notifications on hold
- FM taking critical look at tax exemptions
- PPP project cost limits under review
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| MARCH 9, 2007 |
- Scandlines: Gronlund resigns
- Trans-Baltica Line launches service to St Petersburg
- SWISS reports first positive results for 2006
- New Boeing B777s for Emirates
- ERS to run on Belgian rail network
- Gefco develops second international hub in UK
- ITJ Logistics Worldwide at SITL Temps Reel
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| MARCH 8, 2007 |
- Shipping hits back at press report
- Ferry safety project set to start
- Lifeboat safety scheme
- Woods is new Maritime London chairman
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| MARCH 8, 2007 |
- Another magic pipe indictment
- Conrad delivers liftboat
- CNO: Lockheed Martin LCS could be cancelled
- Workers strike at NGSS Ingalls Shipyard
- Keppel FELS delivers PetroVietnam rig ahead of schedule
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| MARCH 8, 2007 |
- TSA Executive Committee has first meeting with shippers
- Maersk teaming with Hamburg Sud on U.S. to South America service
- Coast Guard breaks record for cocaine seized during quarter
- Crowley taps Alex Sweeney
as safety and health vice president
- Evergreen launches eighth new S-class vessel
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| MARCH 8, 2007 |
- TOP Tankers to defend expected lawsuit
COMPANY vows to fight action by investors, triggered after it was forced to restate interim finances last year.
- QVT Financial continues to build stake in TOP Tankers
- Irish Continental accepts cash buy-out offer
IRISH Continental Group has accepted a cash buy-out offer, just hours after making public word that a deal was on the table.
- Grimaldi ro-ro capsizes in Antwerp
THE Grimaldi-owned ro-ro vessel, Repubblica di Genova, capsized during loading at the port of Antwerp at 5.30 local time today.
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| MARCH 8, 2007 |
- ICG's Rothwell leads €471M buy-out
DUBLIN 08 March – Irish Continental, the ferry, freight and transport services group, has accepted a buy-out offer from its senior managers led by MD Eamonn Rothwell valued at €471M ($618M)
- Jay in Celtic Mist crisis talks
ITF inspector Tommy Molloy is to meet the MD of Jay Management, owner of the ro-pax vessel Celtic Mist, later today to resolve the issues on board
- India moves on sea-time
INDIA'S directorate general of shipping has relaxed a stipulation that maritime institutes need to work closely with shipping companies regarding on-the-job training
- Senator adds Europe/ECSA service
SENATOR Lines is to add another north Europe/East Coast South America service just four months after slashing one-third of its network
- Top faces fallout
- Smit frustrated by Rotterdam strike
- Danaos: liner markets improving
- Lanka aid hostage to War Risk premiums
- Grimaldi ro/con Genova capsizes
- Wilhelmshaven to get the nod
- Chinese fakes seized in California
- Eckero to bid for Birka Line
- Politicians blamed for anti-terror problems
- WA ports closed as George approaches
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| MARCH 8, 2007 |
- Port of Hong Kong TEUs up 4% in 2006
Imports gained 4% to 9.4 million TEUs, while exports finished ahead 5% at 10 million TEUs on vessel calls that were unchanged from2005.
- July container volume to top 2006 peak: NRF
- Transport officials give green light to Mexican trucks
- MSC joins U.S.-SA East Coast service
- NCBFAA objects to scan-all
- Asia boosts Boston boxes
- Hanjin buys stake in S-Oil
- Computer check for longer daylight savings
- Record Lufthansa profit
- Grimaldi ro/ro ship capsizes at Port of Antwerp
- Strike idles Miss. shipyard
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| MARCH 8, 2007 |
- Smit towage strike lengthens to 72 hours
Smit tug crews and their FNV Bondgenoten trade union announced 20 minutes ago that their already-extended strike will now last for 72 hours, to end Friday morning at 10:00.
- Updated: News analysis: CSAV Norasia goes solo on the Asia-Black Sea run
- Chennai Port signs concession with PSA consortium for second terminal
- Senator Line to swap partners on Europe-South America trade
- Irish Continental Group subject to MBO bid
- Port Tracker rates US gateways low for congestion, but high for growth
- Kandla’s first box terminal to compete with Mundra
- Emirates Shipping to join INTTRA's e-platform
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| MARCH 8, 2007 |
- Bad debt puts Navios in red
A year of aggressive growth at Angeliki Frangou's Navios is darkened by an FFA write-off last quarter.
- New East Coast pals
APL and MOL are teaming with MSC on the East Coasts of the Americas after Maersk left them for Hamburg Sud.
- MBO offer confirmed
Plan by five executives to take Irish Continental private again receives unanimous endorsement of board.
- Shipyard strike
All unions at Pascagoula's Mississippi's Northrop Grumman shipyard are on strike after rejecting a new contract.
- New chief plots MMM comeback
Ravindrasingham Balasingham formulating new strategy for Malaysian tanker owner after poor year.
- Judgment joy for John
Fredriksen wins Double Happiness charterparty battle with Murray Wilgus.
- ICG turns it around
Dublin-based ferry, feedership and terminal operator cruises to big 2006 profit after ruthlessly cutting costs.
- Danaos fixes three
New charters with CMA CGM show boxship market is picking up, claims owner.
- China talks for STX
Negotiations taking place for bulker orders worth up to $700m at Korean yard’s Chinese facility.
- Leases tip Top
US-listed Greek owner Top Tankers sees net profit fall over four-fold as sale and leaseback deals bite.
- Ocean Wilsons on the up
Brazilian offshore shipping and shipyard group posts big jump in 2006 earnings.
- Ferry master fights charges
Sydney Ferries captain denies dangerous navigation resulting in death of a fisherman.
- Euroferries faces deadline
City of Rochester running out of patience in ferry-sale chase.
- Up, up and away
Irish Continental's stock surges on news of possible management buyout.
- Eckero out to bag Birka
One Finnish ferry owner bids for full control of another in deal valuing Birka at $283m.
- MBO for ICG?
Senior management led by Eamonn Rothwell pursue buyout of Dublin ferry operator at EUR 18.50 per share.
- Swire swagger
Larger fleet and increased freight rates keep Hong Kong's Swire Pacific smiling but non-recurring items leave a hole.
- Grimaldi ship capsizes in Antwerp
Containers and cars thrown overboard Italy-flagged vessel which listed during loading in Belgian port.
- Smit achieves record result
Dutch salvage specialist sees strong performance across all of its divisions except terminals.
- Arrow aims at listing
GC Rieber’s seismic vessel subsidiary planning to float in Oslo by the summer.
- Ex-Parakou man faces jail
Former boss of Singapore operation sentenced to 12 months for accepting bribes of over $250,000.
- Toll Holdings in the clear
Australian competition watchdog allows sale of two-ship Bass Strait ro-ro operation Patrick Shipping.
- Jutha orders in Japan
Thai shipowner set to ink 11,700-dwt multi-purpose newbuilding at Higaki Shipbuilding Co.
- Deliveries boost Danaos
Addition of six ships helps lift fourth quarter numbers at John Coustas-led containership player.
- Eukor orders PCTC giants
Wallenius and Wilhelmsen-owned car carrier company inks 8,100-ceu units at Hyundai Heavy Industries.
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| MARCH 8, 2007 |
- TSA holds first-ever customers meeting in Long Beach
- Danaos' earnings up in quarter, down for year
- International Court reviews Honduras-Nicaragua dispute
- Grimaldi con-ro vessel capsizes in Antwerp
- Bulk ship freed at last in Chesapeake Bay
- Excel Maritime Carriers announces Oceanaut Inc. IPO
- Cathay Pacific's profits up 24% in 2006
- Continental to start daily nonstop New York/Mumbai flights
- U.S. international air cargo up 2.1% in January
- Foot retiring from Canadian Pacific
- U.S. requests WTO consultation over Indian wine and spirits duties
- CBP to beef up Internal Affairs
- SEKO opens Mumbai headquarters, Chennai expansion to come
- SBS Worldwide partners with Fiege on U.S./Switzerland service
- FMC reviews 22 OTI license applications
- NRF: July TEUs could top 2006 peak for U.S. ports
- FMC awaits appeal on Puerto Rico ports
- Forwarder warns of Vancouver surcharges
- Oakland port shows flat volume growth
- Ports of Indiana's cargo rises 12% in 2006
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| MARCH 8, 2007 |
- Eckerö bids for Birka Line
Ferry operator Eckerö Line has made a bid for all outstanding shares in Birka Line Abp. Eckerö currently holds a ...
- Norwegian shipyard order book at NOK 60 bn
Order books at Norwegian shipyards have reached an all time high at NOK 60 billion by early March after having ...
- Grimaldi ro-ro capsized at berth in Antwerp
On Thursday morning, one of Grimaldi’s ro-ro vessels capsized during loading in Antwerp. The accident occurred at 05.30 and started ...
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| MARCH 8, 2007 |
- Hybrid-powered tug at 'leading edge'
Foss securing more funding for its dual power, diesel and electric vessel.
- Portable viscosity meter saves time
Supplier seeing benefit from conducting viscosity checks "quickly and accurately".
- Staff changes at GAC Bunker Fuels
- BP Marine looks at challenge of environmental regulations
Hong Kong conference will help players operate against background of tighter controls.
- Fujairah shortages drive up fuel oil prices
Middle East Gulf players look for product to make-up for Iranian shortfall.
- NYK agrees price hike for February bunkers
Retroactive bunker price climbs almost $23 per metric tonne, but still undercuts spot prices.
- ARA market: Smit strike continues
- Singapore: Stocks of distillates up, residual fuels down
- Tokyo bunker prices fall sharply
Weakening prices may help the market to shrug off current thin demand.
- Oil prices rise on fall in US crude stocks
Crude oil prices further supported by push for tougher sanctions by US on Iran.
- Singapore takes bunker cargo from Venezuela
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