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| MAY 10, 2007 |
Shipping News
- Daewoo to build world's costliest tankers
DAEWOO Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, won an order to build the world's most expensive oil tankers, ships three times the size of the Statue of Liberty for US$139 million each.
- Ivernia applies to export lead from Fremantle
IVERNIA Inc, which supplied 3 per cent of the world's lead prior to having exports from the Australian port of Esperance suspended in March, will apply this month to ship the material from Australia's Fremantle port.
- KL welcomes aid to help patrol Malacca Strait
MALAYSIA has not asked countries using the busy Straits of Malacca to contribute to the cost of maintaining security in the waterway although Kuala Lumpur has to fork out a large sum of money for that purpose, Foreign Ministry parliamentary secretary Ahmad Shabery Cheek said.
- Nippon Yusen inks 20-year iron ore shipping deal
- Maersk adds China-Spain route
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| MAY 10, 2007 |
- AXSLiner fleet forecast sees 13pc VLCS growth per year
- Yangshan targets annual box volume of 5.45m TEU
- OOCL Logistics upgrades web site
- Jiangsu to hold logistics expo May 23-25
- Samudera Shipping Q1 profit jumps 19pc to US$5.3m
- Malaysia sees benefit from congested Singapore port
- Singapore and Guangxi to strengthen logistics ties
- Dredgers clear way for 5,043-TEU Maersk ship at Ilichevsk Port
- Emirates upgrades Dubai-Beijing service to 12 flights weekly
- Qantas to open second freight terminal in Sydney
- Atlas Air Worldwide posts first earning since 2004 restructure
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| MAY 10, 2007 |
- Direct Logistics bags Century International Quality Era Award for business excellence
- TT Club cautions against transport of dangerous goods in containers
- India, Bangladesh renew inland water transit protocol
- Seize opportunities, take on challenges, Balaji Shipping exhorts network partners
- Three vessel keels laid in 3 days at MIPL yard
- ONGC earmarks Rs 3,100 cr. to acquire 27 rigs
- MMTC floats tender to import 70,000 t yellow peas
- STC extends wheat import bid deadline to May 21
- Lentils to be imported
- India may become leading cotton exporter to China
- Pak sets terms for meeting Safta commitments
- US wheat may be imported after 15 years
- Orissa govt to develop 13 ports
- Ocean marathon to halt at Cochin Port
- Competition panel wants fresh look taken at Warehousing Bill
- Sical Logistics plans to purchase 4 rakes
- TN plans e-goods export centre
- Leather export potential not fully tapped, feels Assocham
- Action scene shifts to PM
- PM’s panel clears way for setting up 5 mega food parks by Dec.
- Meeting with Assam CM at IMC on Sat.
- CII holding 2-day meet on manufacturing, logistics
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| MAY 9, 2007 |
- BA World Cargo appoints area commercial manager for Southern Europe
- Grimaldi Group introduces new Livorno-Barcelona service
- Emirates order additional Airbus A380 super jumbos
- Spain to switch to normal gauge rail tracks in long term
- TNT reports a good first quarter 2007
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| MAY 9, 2007 |
- Somali pirates at it again
- US,EC in anti cartel probes
- Evergreen's new Asia-Germany service
- Record month for Busan
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| MAY 9, 2007 |
- Boskalis signs LOI for mega dredge
- Jurong to build world's largest jackup
- Aker books PSV order from Nordcapital
- Savi to license e-Seal technology
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| MAY 9, 2007 |
- Port of Tacoma to become radiation detection test center
- Crowley adding third ship to Gulfport/Central America run
- Historic schooner ADVENTURESS to visit Port of Everett this weekend
- Merchant Mariner credential website launched by US Coast Guard
- New administration building open at Manzanillo International Terminal
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| MAY 9, 2007 |
- Liner trade plagued by delays
DREWRY Shipping survey shows liner schedule reliability has sunk to a record low.
- Shippers lash underperforming lines
- Knightsbridge makes foray into dry bulk
TANKER specialist to acquire two capesize newbuilding contracts from Golden Ocean in a deal worth more than $160m.
- HHI leads shipbuilding charge
BULL run predicted to continue for Korean shipyards as stocks outpace top tech players.
- Cruiseships become safer by design
SAFE return to port, safe areas and casualty thresholds were hotly debated concepts at this year’s Cruise+Ferry event.
- Changing face of heavylift
THE merger between Sealift and Dockwise is perhaps an indication that the heavylift
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| MAY 9, 2007 |
- AIG buying spree continues
NEW YORK 09 May – MARINE Terminals Corp. (MTC) has became the latest acquisition of AIG Global Investment Group (AIGGIG), underscoring that the financial giant is still on the hunt for maritime infrastructure holdings
- Yard workers back on Vigo streets
ROADS in central Vigo, northwest Spain, was blocked today as about 2,000 shipyard workers once again took their protest to the streets
- Wreck blamed for tug sinking
THE sinking of the tug Pegasus in the Brazilian port of Santos last week is now thought to have been caused by the wreck of the Greek vessel Ais Giorgis
- Euro Parliament pushes short-sea
FAILURE to invest adequately in transport infrastructure could damage European economic growth, the European Parliament Transport Committee has warned
- Sinosteel to invest $4Bn in India
CHINESE mineral trading company Sinosteel is to invest $4Bn to build a steel plant in India
- Migrant Watch: US/Caribbean
WARMER weather and calmer seas have spurred more illegal migrants from the northern Caribbean to try to enter the US, even as federal prosecutors continue to jail smugglers
- Global Oceanico eyes ethanol
- BW Gas to double LNG fleet
- Cannon fires broadside at dumpers
- NYK sees profit slide in FY07
- Galicia Spirit finally alongside
- Union warns against Daewoo share sale
- Dongkuk plans will hit yard profits
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| MAY 9, 2007 |
- Port Authority of NY-NJ approves sale of New York Container Terminal
Ontario Teachers Pension Plan to pay a total of $51 million to acquire Staten Island terminal from Orient Overseas international Ltd.
- Marine Terminals Corp. sold to AIG
- Massachusetts eyes funding for short sea shipping
- Crowley adds third sailing to Central America
- Mack stepping down as Hapag-Lloyd (America) chief
- Container ship arrival delays increased in Q1: Drewry
- White House wants to toughen export control enforcement
- Defense Department 3PL plan passes GAO audit
- Jaxport status quo for storm
- Maersk Line to launch another Asia-Europe string
- Dry bulk rates still climbing
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| MAY 9, 2007 |
- SCI to order new box ships
- PierPASS success confounds its critics
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| MAY 9, 2007 |
- LNG blockade broken
Teekay LNG’s Galicia Spirit succeeded in calling at a Spanish gas terminal today thanks to the Spanish police.
- GOG declares, sells capes
Two capesize options taken up by Golden Ocean in China and two others in Korea sold to Knightsbridge.
- TBS buys and scraps
Joe Royce-led TBS has acquired a handymax from Eastwind and lost a tweendecker to a rocky grounding.
- ‘No fresh regas order’
Hoegh LNG boss says press reports of a new three-ship regas order with MOL are incorrect.
- Havila inks more AHTS units
Norwegian owner said to be ordering two more firm units in China with options for a further brace.
- Aboitiz cutting the deficit
First quarter losses drop 84% as Philippine ferry owner reduces costs.
- Solstad rock solid
Norwegian owner’s first quarter profit growth driven by tight supply ship market with good rates.
- Medcem buys into Sider
Italian cement group Italcementi’s joint venture with Romeo takes 20% of bulker owner.
- Lyman turns to profit
Ukrainian shipbuilder scrapes into the black for 2006 after loss-making 2005.
- Maersk in Sino-Spanish link
Danish giant to start new service between China and Spain with seven units from the end of May.
- Nordcapital signs for duo
German owner will take delivery of two more supply ships from Aker Yards, bringing its orderbook there to 10 vessels.
- Leninska dips
Kiev-based shipyard’s 2006 earnings fall as revenue drops.
- Brostrom buys two more
Swedish owner teams with Erik Thun to snap up chemical/products carriers it has been operating commercially.
- BLT chops bond offering
Indonesian owner Berlian Laju Tanker cuts $75m off planned offering in Singapore.
- BW wins control of APL
Oslo-listed FPSO owner now owns 80% of Norwegian mooring systems maker.
- Norden bonus for Torm
Tankers and bulkers make less money for Danish owner, so the $643m it pocketed from selling its shares in compatriot owner will come in handy.
- Kawasaki Kinkai knocked
Japanese bulker and ro-ro owner follows parent K Line with rise in annual revenues but drop in profit.
- Big drop for Teekay Petrojarl
FPSO owner’s profit hit in first quarter by increased costs and currency losses as revenues grow.
- NYK slides
Net profits slip nearly 30% as rising costs dent full-year performance at Japanese shipowner.
- K Line slides
Rise in annual revenues not enough to stop Japanese owner slipping to 18% reduced profit.
- NYK confirms CVRD deal
Japanese owner orders 300,000-dwt VLOC at NACKS in China for 20 year shipping contract.
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| MAY 9, 2007 |
- NYK, "K" Line see profit downturns
- U.S. East, Gulf coasts rates strong
- Maersk adding Far East/Mediterranean service
- Evergreen connecting Far East/Germany via Adriatic
- Seaboard adds capacity to Miami/Panama/Costa Rica markets
- Fortress Investment to acquire Florida East Coast Industries
- BNSF fingers empties as cause of volume drain
- Weather impacts western rail operations
- U.S., Mexico work toward closing agricultural trade gaps in NAFTA
- Schenker and BAX complete merger in Singapore
- Kuehne + Nagel plans to expand in Asia Pacific
- FMC reviews 13 OTI license applications
- Shapiro hires Bashkow as transportation director
- Logistec says Montreal terminal busier
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| MAY 9, 2007 |
- Broström in joint acquisition of two modern product tanker vessels
Broström and its partner Erik Thun has entered into agreements to acquire the two 7,100 DWT chemical and oil product ...
- Record results from Seatrans in Bergen
Bergen-based chemical tanker to liner and forestry carrier owner/operator Seatrans has announced record results after tax of NOK ...
- No decision about Eckerö-shares
Birka Line Plc’s board of directors have not been able to reach a decision about selling Birka Line’s shares in ...
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| MAY 9, 2007 |
- Oil prices ease on US stock gains
Weekly report shows larger-than-expected builds in crude and gasoline, but huge gasoline deficit remains.
- Port problems could stall country's growth
Erratic bunker supply becomes thorny issue as observers fear slow development of South Africa's ports could put the brakes on economy.
- Cruise ship with scrubber sets sail
Emissions control technology demonstration project could be key to global breakthrough for scrubbers.
- Rotterdam barges tight near term
- Japan demand recovering 'too slowly'
Traders note lower-than-usual bonded bunker demand since February.
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