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| OCTOBER 9, 2007 |
Shipping News
- Dubai's next target: 200,000 cruise tourists
The Gulf emirate of Dubai, which has established itself as the leading cruise destination between Europe and Asia within the last few years, is targeting 200,000 cruise tourists for the 2007-2008 winter season.
- Titan Petrochem to rely less on shipping oil
Titan Petrochemicals Group Ltd is building China's biggest ship-repair yard to cut the tanker operator's reliance on shipping oil.
- Persian Gulf tanker rates may extend slide
The cost of shipping Middle East crude to Asia, the world's busiest market for supertankers, may fall for a seventh day as a surplus of ships compete for cargoes.
- DP World to invest 455m euros in Dakar port
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| OCTOBER 9, 2007 |
- Giant 10,062-TEU Cosco Asia docks at Xiamen's XICT terminal
- Evergreen launches weekly service from Asia to East Med November 9
- President Arroyo inspects ICTSI-owned container port in Shandong
- Delays in clearing cargo backlog after Auckland dock strike
- California's Jerry Brown seeks EPA action on 'global warming' ship gas
- Logistics giant Transnet studies Durban container expansion plan
- IATA reports strong airfreight volumes in August
- Northern Nigerian state expects US$475 million invested in cargo zone
- DHL launches eMailShip service to streamline procedures
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| OCTOBER 9, 2007 |
- CMA CGM's CNC offers 4 new intra-Asia services
- Samudera Shipping orders two containerships
- Hanjin Shipping to launch E. Med & Black Sea (EBX) service with TNWA & UASC
- Maersk Line expects 'satisfactory' earnings only in 2009
- Marshall Islands Registry strengthens presence in Japanese market
- Inchcape Shipping completes Adsteam acquisition in New Zealand
- WCA Family adds networking expertise by inducting David Pook
- China Shipping Development to expand fleet
- Pacific Basin eyes more China terminals
- APM Terminals opens new facility in China
- A.P. Moller-Maersk revamps marine officer training
- Cruise ships chartering to attract tax incentives
- Sical Logistics bags 'Best Bulk Logistics Provider' award
- R. Radhakrishnan unanimously elected FFFAI Chairman for 2007-09
- Higher MEP discourages onion exports
- With robust 11 pc growth in H1 cargo handling, MbPT sights MoS' fiscal target
- GMB wins Inmex Award for Excellence
- Rupee ends at 39.58 per dollar-nine-year high
- Forex reserves shoot up by record $ 11.9 bn in a week
- Relief package-II gives exporters a better deal
- Nath to ask for more!
- DGFT tells exporters to deal in non-dollar currencies
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| OCTOBER 8, 2007 |
- René Rahm joins Dr Acél & Partner AG
- Evergreen to launch Asia-Eastern Mediterranean service
- Air China to connect Athens with Beijing
- Algeria: shortlist for privatization of rail net operator Infrafer
- Thiel FashionLifestyle augments textile services in Macedonia
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| OCTOBER 8, 2007 |
- Yangzijiang Shipbuilding books more box ships
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| OCTOBER 8, 2007 |
- Northwind Marine builds boat for East Coast fire/rescue work
- Evergreen Line to begin new Asia/Med service
- Boeing engineers to speak at PDX noise committee meeting
- Port Tracker report sees drop in container moves
- Cutter STEADFAST earns Coast Guard award
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| OCTOBER 8, 2007 |
- NYK seeks damages for Hyundai Fortune loss
SHIPPING giant launches massive compensation claim for cargo destroyed by fire.
- Hyundai Fortune legal tussle stepped up
- Singamas launches share sale to fund growth
CONTAINER maker to sell up to $50m worth of new shares to raise funds for a massive expansion plan.
- Novorossiysk port eyes London listing
NOVOROSSIYSK Commercial Sea Port is to undertake a share offer and listing on the London Stock Exchange.
- The sad truth about spills
THERE are still a large number of oil spills and shipping has something to do with it.
- Bulkers need the best
THERE is a serious problem emerging with the retirement en masse of so many senior industry figures.
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| OCTOBER 8, 2007 |
- Novorossiysk tries again for IPO
After an abortive attempt to raise $700M to fund its expansion plan a year ago, the Novorossiysk Sea Port Co (NTMP) has announced its intention to make an IPO on the London and Moscow stock markets next month
- Greens protest at Baltic nuke boat
GREENPEACE protestors have boarded a ship that was transporting 4.8 tonnes of spent nuclear fuel including plutonium from Sweden to the UK
- New rules on seafarer medicals
A SET of revised guidelines for conducting medical fitness examinations for seafarers has been issued by the Philippines' Department of Health
- Dubai to build maritime university
DUBAI Maritime City has announced that it will build a maritime university on a 300ha land reclamation site
- JV shipyard project for Garware
Garware Offshore Services is to set up a shipyard in India that will concentrate on building offshore supply vessels as part of a joint venture deal with the Norwegian builder Havyard Leirvik
- Car carrier CO2 footprint studied
WHILE flag states are still seeking a strategy to reduce ocean shipping's carbon emissions, an environmental performance audit has been launched for all transport modes including shipping
- Costa joins marketing triumvirate
- US box ports suffer slowdown
- Dry bulk to stay strong till 2010
- Korea to keep its lead over China
- Tamils' last gun-runner sunk
- DPW downplays another IPO report
- Yangzijiang wins 13-ship contract
- Krosa creates chaos
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| OCTOBER 8, 2007 |
- Retailers trim container forecast
Port Tracker survey expects growth this peak season to be a disappointment for ports and ocean carriers.
- APL conducts successful security test at Oakland
- NYK adds Mumbai logistics
- Record for Inttra portal
- Martinar taps Miami GM
- India ports tonnage up
- World signs with Etihad
- Bromma wins Hyundai order
- Controversy swirls around Bayonne port deal
- Limitations temper gateway ambitions of U.S. ports
- China optimism tempered by challenges: U.S. survey
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| OCTOBER 8, 2007 |
- Brazil opens up to foreign dredging
- Threat of further German rail strikes
- Typhoons batter Asia
- Ports of Auckland asks for help in breaking impasse as more strikes loom
- Gdansk celebrates new container terminal
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| OCTOBER 8, 2007 |
- Trading blows
EU is set to spark policy punch-up by including shipping in emissions scheme by 2012, experts warn.
- Napoli report date set
Report into loss of Zodiac containership not due until March 2008, 14 months on.
- Troim resigns
Bjorn Sjaastad replaces Tor Olav Troim as CEO of Knightsbridge Tankers.
- Paragon picks panamaxes
Compatriot owner said to have sold 2006-built pair to Michael Bodouroglou-led bulker player for $178m.
- Cork-Swansea link to return?
Potential operators consider restarting Ireland to Wales ferry run, but tonnage is scarce.
- Hot property
Icelandic owner Eimskip has paid for recent Atlas acquisition by selling real estate worth $391m.
- Hyundai hits new heights
Seoul-listed shipbuilder sees share price soar as market anticipates record profits.
- UBS backs STX Pan Ocean
Switzerland-based bank takes 5.5% holding in Korean bulker owner for $270m.
- Gotland sells Hoburgen
Swedish owner offloads Swedish Orient-chartered 1986-built ro-ro to Finland's Lillgaard.
- A bridge too far?
India's shipping council in spat with Hindus over the Sethusamudram Ship Canal project.
- Titan plots new course
Hong Kong-listed owner looks to shiprepair for reliable earnings as it moves to reduce tanker activity.
- Fredriksen sells again
Oslo-listed Seadrill offloads Apexindo for $220m before predicting record profits.
- Greatship linked to duo
Great Eastern's offshore unit reportedly signs for support ships at Mazagon Dock in India.
- Eurasia denies evacuation
Manager of Hong Kong-flagged vessel rubbishes suggestions crew were rescued from ship in typhoon off China.
- Garware eyes yard
Indian owner looks likely to found own offshore vessel shipyard with Norway's Havyard Leirvik.
- Sea Diamond claims diver
Greek man said to have suffered decompression sickness rising too quickly from Louis Cruises wreck.
- Severnaya surges
Russian yard's 2006 profit grows by half in run up to merger with neighbour Baltiisky.
- Alaska faces pay headache
Unlicensed crew members reject state ferry owner's latest pay offer.
- Daewoo looks North
South Korean shipbuilder says it may consider building a $150m block plant north of the border.
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| OCTOBER 8, 2007 |
- Indian shipping line one of three to bid for Bulgarian company
- INTTRA says volumes have doubled in 2007
- Fast Sealift Ships transferred to MarAd
- Bernuth Lines plans bunker charge increase
- OceanSchedules.com targets China, Brazil
- Air France-KLM cargo network on Unisys' freight portal
- Finnish airline joins Cargo 2000
- DP World begins freight rail service in India
- Buffett's railroad interest chugs along
- London's £16 billion rail project cleared
- Industry veterans start 3PL
- China reduces duties on imported audio-video products
- TSA streamlines international outreach
- Griffin new boss at Agility Project Logistics
- Shippers' Voice Web site launched
- Coast Guard works to overcome port inspection challenges
- Port Tracker: Shipments of retail goods weak
- Politicians seek to keep containers in Brooklyn
- China's biggest cold storage facility to boost capacity at Qingdao
- S. Calif. ports to fund more than 100 LNG drayage tractors
- Bromma spreaders headed for Hyundai Busan terminal
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| OCTOBER 8, 2007 |
- All time high on Stena Line's Poland service
September was the first month ever with more than 9,000 freight units carried by the Stena Line vessels on the Karlskrona ' Gdynia route. In May, the service was expanded with the chartered-in Finnarrow and the time table has been ...
- First private Danish pilot service established
The first private Danish pilot service has been established in Fredericia. Eight former pilots from the Fjord & Bælt pilotage has formed their own private company called Danish Pilot Service A/S and is now offering pilot services to and from ...
- Those who leave Norwegian tax system are punished
Those shipping companies that chose to leave the new Norwegian tax system are punished severely. Not only must they settle all of the back-tax immediately, rather than over 10 years, but the tax is calculated on the vessels' market ...
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| OCTOBER 8, 2007 |
- INTERTANKO: Numbers still add up to distillate solution
INTERTANKO official says new research is bad news for scrubbers, while distillate proposal is 'at worst CO2 neutral'.
- Colonial revises barge rates
- Cruise ship claims another victim
Diver investigating sunken vessel dies, worries about uncollected fuel persisting.
- EU could cap CO2 from ships by 2012
Shipping urged to be prepared for possible inclusion in EU trading scheme for greenhouse gas.
- Kuwait: New barges to arrive soon
One of two large, newbuild bunker barges launching in Singapore expected to reach Kuwait early next month.
- Rotterdam market remains firm
- Singapore: Aegean changes contact details
- Singapore floating storage plans 'ideal for bunker traders'
Phase 2 feasibility study to be completed by end-2008.
- Typhoon closes Chinese ports
Shanghai and Ningbo ports have temporarily ceased operations.
- Australia: 380 cst prices surpass 180 cst
Price differential between 380 cst material 180 cst material inverted.
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