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| AUGUST 9, 2007 |
Shipping News
- Pacific Basin raises stake in Thailand's TTA
HONG Kong-listed Pacific Basin Shipping, among the largest operators of handysize ships in the world, has raised its stake in Thoresen Thai Agency (TTA) to 5.06 per cent - ahead of a planned listing of the latter's subsidiary in Singapore later this year.
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| AUGUST 9, 2007 |
- Shenzhen's SCT sets monthly box record in July
- Ningbo gains southeast Asia box service
- Yangtze moves 441 million tons, 43pc more TEU in first half
- Xiamen's Zhaoyin port area sees first half TEU volumes up 47pc
- Sri Lanka port plans four feeder berths to ease traffic
- German railway unions authorise strikes together with air pilots
- CEVA gains new CEO John Pattullo
- Cathay profits up 54.7pc in first half, but airfreight suffers
- Korean Air bolsters codesharing with Chinese airlines
- Qantas rejects allegations of compromised aircraft safety
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| AUGUST 9, 2007 |
- Sical Logistics appoints Sudhir Rangnekar as MD & Group CEO
- Dry bulk cargo shipping rates soaring
- DGS fixing age limit for ships’ entry
- 11.6 pc rise in import of sensitive items in Q1
- ITeS-BPO exports poised to cross $ 10 bn
- DP World takes major step to social responsibility
- Govt bid to speed up export cargo clearance at airports
- Coffee exports await containers
- Millers against removal of Customs duty on wheat flour
- Fresh package of relief likely by month-end
- SEZ-like ‘auto parks’ mooted
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| AUGUST 8, 2007 |
- Swissport International names new human resources director
- Ports of Lower Saxony with middling results
- Polet Airlines to launch Moscow-Baden-Baden flights
- Russia may lower TSR tariff
- Hupac posts significant interim growth
- FedEx express hub to be switched to Cologne
- USA: Bush signs cargo scan legislation
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| AUGUST 8, 2007 |
- WSC head slams US box screening law
- SmartWay for Foss
- NOL's weak six months but better Q2
- ICTSI boosts profits
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| AUGUST 8, 2007 |
- USCG awards $337 million contract for third National Security Cutter
- Ikdal named President of Gulf Marine Fabricators
- Port states plan ISM inspections
- American Club warns on Ukraine ballast penalties
- Executive Board changes at GL
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| AUGUST 8, 2007 |
- Port of Anacortes to begin Focus Fidalgo cleanup effort
- Panama Canal Authority releases third quarter metrics
- International Trade Commission reports on 2006 trade year
- Crowley Maritime presents maritime security award
- CBP officers capture bugs sneaking in US
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| AUGUST 8, 2007 |
- Pay up or lose out, warn FEFC lines
CARRIERS say they may stop accepting cargo from Europe to Asia unless shippers pay higher freight rates.
- FEFC to raise charges from Asian feeder ports to Europe
- Star Cruises executive accused of corruption
OFFICIAL allegedly accepted HK$1m in exchange for giving business to three transport firms.
- NOL profits surge as liner trades recover
LINER shipping and logistics group posts 38% jump in Q2 profits but first half results were down 27%.
- French port ‘Cinderellas’ finally go to the ball
NEVER in recent memory have French port industry leaders enjoyed such high favour with France’s political leaders as they are today.
- Le Havre cool on reforms
FRENCH container port Le Havre is markedly less impatient for reform than its Mediterranean counterpart, Marseilles.
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| AUGUST 8, 2007 |
- Condor slams rival vessel safety
Rob Provan, chief executive of Channel Islands ferry operator Condor, has strongly criticised rival HD Ferries, which has now obtained a ramp permit after its HD1 struck fast cat Condor Express in Jersey's St Helier harbour on 28 July
- Royal Caribbean looks south
ROYAL Caribbean is to position its fourth cruise vessel, Splendour of the Seas, in the South American market in winter 2008-09 season
- Eagle adds Supramax options
EAGLE Bulk Shipping reported a 27% rise in second-quarter earnings and has revealed that even more Supramaxes may be in the pipeline
- HD Ferries rejects vessel safety claim
CHRIS Howe-Davies, CEO of HD Ferries, has rejected allegations made by Condor Ferries MD Rob Provan that the fast ferry HD1 is not fit for purpose
- NCL, USCG to test evac procedures
NORWEGIAN Cruise Line will be working with the US Coast Guard and the US Virgin Islands government tomorrow to test cruise ship evacuation procedures
- Property developer raising ICG stake
PROPERTY developer Liam Carroll and his wife Roisin are now known to be holding a 17.64% stake in Irish Continental Group
- Quintana sweetens dividend
- MC up as sale nears
- Schöndube steps down at GL
- Latin leaders link in LNG project
- Migrant Watch: US/Caribbean
- Uni-Asia Finance to list in Singapore
- More problems for Pacific Star
- CSSC share price zooms
- NOL upbeat on better 2Q
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| AUGUST 8, 2007 |
- NOL profit jumped in second quarter
Singapore-based parent of APL credits a double-digit increase in container volumes and an "improving rate situation."
- U.S. taking Canada to court over lumber dispute
- Columbia Coastal plans barge service to Maine
- Seaway traffic falls
- Net gain for Expeditor's
- Port of Oakland hires maritime director
- Europe ports avoid rail strike
- Pacer earnings off
- Eagle Bulk income improves
- Polar sale boosts Atlas net
- ABX buys 767 jet
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| AUGUST 8, 2007 |
- NOL’s net profit slides in first six months
- Hamburg’s HHLA continues to set records in 2007
- CMA CGM seeks to increase car market share with new equipment
- ICSTI reports strong growth
- German rail strike – freight disruption imminent/on hold
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| AUGUST 8, 2007 |
- Eagle insures it all
Sophocles Zoullas-led Eagle Bulk has insured its entire contracted revenues for three years in a first-ever policy.
- TBS triples bottom line
Joe Royce's TBS is reporting strong earnings growth even in the midst of an aggressive dry-docking programme.
- Napoli will go
MCA says boxship bow section is going to Harland & Wolff today or tomorrow for recycling.
- Blue Star back in black
Greek ferry owner returns to profit in second quarter as revenues increase on vessel redeployment.
- Stellar quarter for Aries
More ship days and higher rates buoy Nasdaq-listed tanker and boxship owner Aries Maritime in second quarter.
- Crouching tiger?
India's Great Offshore said to stalking Scandinavian offshore company in $500m deal.
- SSC defends drop
Singapore Shipping Corp says ex-dividend trading and US market slump, not low profit, to blame for share slump.
- Carroll building ICG stake
Irish property developer Liam Carroll now owns or controls 17.6% of Irish ferry owner.
- Mipo makes much more
Korean yard Hyundai Mipo sees second-quarter net income spiral over four times on back of costlier ships.
- Uni-Asia launches IPO
Ship financier set to raise SGD41.4m from Singapore listing with the sale of 65.4m shares.
- More P&O woe
Faulty ventilation vent causes one-day delay in cruise from New Zealand, following death on other vessel.
- Bigger fleet, bigger profits
Stamatis Molaris-run bulker operation sees healthy increase in profits and revenue from a year ago.
- Another nine at Dayang
Eagle Bulk inks options deal with Chinese yard for more supramax bulkers, as profits jump 27%.
- India ponders ageism
Government considering legislation to block entry of older vessels to ports to protect coastline.
- MC buys Kendal
US-listed LPG player snaps up sister ship of Keswick as second quarter profits jump 20%.
- Pac Basin buys into Thoresen
Hong Kong-based shipowner emerges as major shareholder in Thai competitor with 5% stake.
- Up, down at NOL
Singapore liner operator sees improvement in second quarter year-on-year results, but not its interims.
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| AUGUST 8, 2007 |
- Liner recovery sees APL's 2nd quarter operating profits jump 29%
- Israeli shippers call on Olmert to halt shipping lines exodus
- Quintana reports sharply higher results
- Pratibha expansion leads to pending IPO
- MC Shipping reports improved results
- Eagle Bulk earnings climb
- Schöndube retiring from Germanischer Lloyd
- Foss joins EPA program to reduce pollution
- Cathay Pacific scores record first half profit
- Japanese firms mull air express service
- Pacer's 2nd quarter profit drops 14%
- U.S. Xpress reviewing buyout proposal
- St. Lawrence Seaway cargo up 20%
- U.S. challenges Canadian compliance with 2006 softwood lumber agreement
- CBP inspectors thwart pest threat in Los Angeles
- Ahern is new No. 2 at CBP
- Task force explores uniform food aid bag markings
- U.S. NVOs ask China to delay registration enforcement
- Expeditors' 2nd-quarter earnings up 16%
- ICTSI's 2nd quarter net income up 12%
- Former Hanjin executive Kwon to replace Lacy at Oakland
- Duluth port handles exports of wind turbine components
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| AUGUST 8, 2007 |
- The comb jelly established in the Baltic Sea
Marine researchers have found that the North American comb jelly is established in the Baltic Sea and along the Swedish ...
- BOA Group threathens to flag out
Owner of the Trondheim-based BOA Group, Ole T. Bjørnevik, has again threatened to flag out some or all of the ...
- Royal Arctic Line in the market for new container vessel
Royal Arctic Line is in the market for a new container vessel for delivery around 2010/11. The new ship ...
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| AUGUST 8, 2007 |
- Major MGO supplier dry in Freeport
- DOE report more bullish than expected
Big draw in US crude oil inventories and unexpected decline in gasoline stocks contribute to price jitters.
- Experienced broker joins O.W. Bunker
Irene Notias takes on Marketing Manager role in Greek office.
- Irish independent clinches Navy supply contract
Two year deal worth close to $11 million.
- Rotterdam: Many suppliers fully booked till Monday
- Singapore: Stocks of residual fuel down, distillate up
- Work on Malaysia's bunker hub faces hurdle
Issues with stake ownership see Crown Prince of Johor asking for work to be stopped.
- Aegean Q2 net income surges 230%
Marine fuel sales volume up 43.2% in Q2 2007; Singapore office now operating three new double-hulls.
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