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| MAY 9, 2007 |
Shipping News
- Korea keeping ahead of China shipbuilders
SOUTH Korea is holding off China's challenge to its spot as the world's No 1 shipbuilding nation by building pricier ships such as liquefied natural gas carriers.
- Precious Shipping's profit doubles
PRECIOUS Shipping pcl, Thailand's biggest sea-transportation company by market value, reported profit more than doubled in the first quarter on a one-time gain from selling ships.
Strait Talk
- Decide fuel issue with scientific study
THOSE who believe decisions at the International Maritime Organisation should be taken on the basis of scientific evaluation of the options with a strong technical input from the shipping industry should have been heartened by an unusual intervention by IMO's secretary-general.
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| MAY 9, 2007 |
- Rate restoration and peak season charges announced by AADA
- Hutchison Port Holdings forms JV to operate Xiamen berth
- OOCL among top in documentation survey
- Tanjung Pelepas embarks on Indian roadshow to sell free trade zone
- APL Logistics handles Marks & Sparks in Asia, Africa and Europe
- Globe Express opens 2nd branch office in Malaysia
- Schenker strengthens co-operation with RS Components
- APA ponders renewing Qantas bid after shareholders reject offer
- Two HK firms awarded air cargo sales licences in China
- Hai Phong-Macau daily airfreight service inaugurated
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| MAY 9, 2007 |
- Wilfried Seifert appointed President of United Arab Shipping Agency (India) Pvt. Ltd
- Varun Shipping pays 15 pc final dividend
- Pepper exports turn hotter
- PPT gets PPP panel’s in-principle nod to build 2 berths
- AP keen to develop Machilipatnam port, says Minister
- Adani group forms Inland Conware to set up 14 rail-linked ICDs
- Board of Approvals for SEZ to meet today
- Alarm bells clanging on export front
- IMC meet voices industry’s concerns over Customs Valuation Rules
- 40 more SEZs by month-end, says Commerce Secy
- DEPB scheme stays under FinMin’s wings
- WTC meeting with Taiwan trade mission tomorrow
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| MAY 8, 2007 |
- Gefco UK appoints new Business Development Manager
- "Ital Lirica" makes first call at port of Oakland
- Soft AF-KLM cargo demand
- Activities end on northern east–west freight corridor
- Ceva Logistics tables offer for EGL
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| MAY 8, 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 8, 2007 |
- Rigdon takes delivery of fast crewboat
- Blake to build multi service jackups
- Wartsila license for Vinashin
- RAND urges early start on design of next nuclear sub class
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| MAY 8, 2007 |
- Group slams Bourbon Dolphin investigation timeframe
SKAGGERAK Foundation says timeframe for investigation is unacceptable and will take too long to reach a conclusion.
- Judge opens Dolphin inquiry
- Nigerian crude exports hit by pipeline bombings
ENI halts oil production after militants destroy three major oil pipelines.
- NYK seals giant ore carrier order at Nantong
NEWBUILDING is part of $334m, 20-year iron ore shipment contract with Brazil’s Companhia Vale do Rio Doce.
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| MAY 8, 2007 |
- GL upbeat about XXL boxships
GERMAN class society Germanischer Lloyd is confident of gaining a foothold in the top size container newbuildins as German intersts start investing in the bigger boxships
- USS newbuild price higher still
JONES Act operator US Shipping Partners had given positive results in its first quarter, but admits that a problematic tug-barge project is jeopardising its financial covenants
- Korea lifts US beef ban
FROM next month, South Korea will start importing beef from the US again after a ban that resulted from mad cow disease
- Hanjin to build shiprepair drydock in China
HANJIN Shipping is building a drydock for shiprepair in China, where the company has invested $140M, according to a shipping source
- Vinashin plans bond issue
VIETNAMESE state-owned shipping company Vinashin is to issue bonds later this year totalling VND12Trn ($747M), to fund a massive expansion plan
- Indonesian Transport Minister replaced
- Moby Dick was hook, not harpoon
- Mystery surrounds Sinegorsk master fate
- Vigo shipyard dispute moves into town
- Protesters again block LNG delivery
- MOL merges ferry firms
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| MAY 8, 2007 |
- BNSF plans to buy 'clean' trucks to help win approval for SoCal intermodal hub
Railroad plans to buy new trucks that comply with strict anti-pollution rules adopted by the ports of Los Angeles and Long Beach.
- Union Pacific exits Mexico port partnership
- ILWU, employers to discuss early start to contract talks
- Feds: Fort Dix plotters watched CG building
- FEC Railway to go private
- Customs extends mandatory truck e-manifest filing
- EGL calls Apollo offer ‘superior’
- South Carolina breaks ground for container terminal
- Seaboard Marine adds ship, Central America sailing
- CSX to buy back $1B in stock
- Line opens Kolkata-PTP route
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| MAY 8, 2007 |
- Hupac starts new rail service between Antwerp and Perpignan
- WTSA raises Panama canal surcharge
- Montreal port security enhanced
- South Korea to import beef from the US again
- New Mexican west coast port project in jeopardy
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| MAY 8, 2007 |
- Crowley completes buyback
Tom Crowley has successfully completed the $2,990 per share take-private of Crowley Maritime announced in March.
- Pipeless
OSG's latest environmental issue reported to US authorities is "not a magic pipe case," Morten Arntzen tells TradeWinds.
- Vinashin wants more
Vietnamese yard group pockets cash from big over-subscribed bond issue – and has lined up an even bigger sale.
- Out with the new
Jinhui sells 2001-built supramax for $54m in opportunistic deal to realise huge net book gain.
- GFI gets bigger
US-listed derivatives broker pushes profit up 45% in first quarter as revenues increased.
- BC Ferries wins sacking backing
State transport minister supports Canadian owner’s decision to fire three crew over fatal sinking of Queen of the North.
- SCI in VLCC row
Indian owner’s assistant manager accuses company of paying over the odds for Daewoo vessels.
- Eagle charters up
Conservative Eagle Bulk Shipping is ordering a fifth supramax newbuild and has acted early to lock in three-year charters.
- Ambassadors struggling
Expanding US cruiseship and shipyard group hit by higher costs in first quarter.
- Birka says no again
Finnish ferry group rejects second offer for its seven freight vessels and one cruiseferry.
- Bulkers better for Precious
Thai owner adds to first quarter profit in stronger markets while selling veteran cargoships for useful gains.
- Rieber rises
Additions to fleet and higher charter rates see Rieber Shipping turn quarterly loss last year into profit.
- AAS still in the red
First-quarter loss for Aker American Shipping as revenues wait for delivery of more new units to OSG.
- Big jump for Viken
Norwegian tanker owner boosted by currency gains in 2006 as it posts big profit.
- US Shipping profits up
Extra tonnage helps US-flagged tanker owner lift revenue and income compared to a year ago.
- HCI winning again
German KG fund boosts first quarter profit as shipping investment cash poured in.
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| MAY 8, 2007 |
- Drewry: Containership on-time arrivals below 50%
- NYK nets long-term contract to bring iron ore from Brazil to China
- NYK takes delivery of first Chinese built vessel
- Ziobro to oversee new tankers at U.S. Shipping Partners
- Liz Claiborne signs contract with GT Nexus
- Talks stalled again over transfer of Staten Island terminal
- PierPASS after-hours terminal gate program hits milestone
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| MAY 8, 2007 |
- Good results for Götaverken Cityvarvet
2006 was a very good year for the Göteborg based shiprepair yard Götaverken Cityvarvet with a 25 increase of the ...
- Dyvi to invest USD 400 mill in heavylift ship
Norwegian heavylift pioneers Dyvi – through Nordic Heavy Lift – has ordered a USD 400 million heavylift crane vessel at Sembawang Shipyard ...
- Pilot strike in Danish waters avoided
A strike amongst Danish pilots has been avoided. A mutual agreement will be signed today with the Ministry of Defence ...
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| MAY 8, 2007 |
- New emissions technology test announced
Shore-based scrubber to be tested in Long Beach after successful initial test results.
- UK: Two traders moving on
O.W. Bunker will be looking for new staff to replace outgoing team members.
- Hose manufacturers face price fixing probe
Eight executives arrested as US and EU competition authorities join forces.
- New supplier ready to deliver
Bunkers Gibraltar says 'door is open' for business to start.
- Rotterdam market quiet at midday
- Recycling to offer 'robust economics'
Re-refining of waste automotive lubes should offer savings against virgin base oil.
- Fuel oil market to remain ‘tight’
Middle East traders say latest Yanbu cargo is likely to go to Fujairah bunker market.
- Worries over US oil supply shortage ease
Oil prices fall for the sixth consecutive day.
- Taiwan may see decline in bunker sales
Country's state-owned oil company wants to export more fuel oil.
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