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| JULY 10, 2007 |
Shipping News
- PSA to cap operations at India port due to tariff cuts
PSA International is playing hardball with the Indian government over what the Singapore terminal operator says are unviable cuts to tariffs at its Tuticorin Container Terminal (TCT).
- Kuwait seeks arrest of ex-minister over graft
A tribunal in Kuwait has issued a warrant for the arrest of a former minister and ruling family member over his alleged role in a graft case, local media reported yesterday.
- Surging ship supply to dampen freight rates
Crude oil freight rates are likely to be squeezed by surging ship supply and a possible slowdown in the world economy despite growing oil trade, the International Energy Agency (IEA) said yesterday.
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| JULY 10, 2007 |
- Euroseas seeks more tonnage after US$73 million share sale ends
- Cosco sets up logistics joint venture in Zhenjiang
- China Shipping Container lines to end round-the-world loop
- Zhangjiagang Free Trade Zone Jan-May cargo volume soars 104pc
- Hamburg Sud, Senator Lines scrap Southern Route as Senator downsizes
- ICTSI to build 700,000-TEU container terminal in Colombia
- Transshipments lead Mombasa 10pc cargo rise despite severe congestion
- Hactl named as Korean Air Cargo's one-stop HK freight handler
- China Southern starts new SE Asia routes this month
- US border security checks reduce overseas visitors 17pc
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| JULY 10, 2007 |
- Spirit of MOL, ETA October
- CIWTC handles 2 lakh tonnes of cargo
- Great Offshore, Jindal may bag ONGC rig deals
- L&T scanning West Coast for deep-draught, hi-tech shipbuilding yard site
- INSA forms core group to deliberate on maritime constituency
- MacAndrews launches UK-Spain reefer express
- Hamburg Sud & Senator Lines end tie-up on Southern Route
- CMA CGM & NYL Line to open 1st shipping line hinterland box terminal
- AADA to impose peak season surcharge from August
- Agility & Transcar awarded major freight contract
- ICTSI JV company takes over Yantai Gangtong box terminal
- Famous Pacific Shipping’s Indonesian parent wins ISO 9001:2000
- Overcapacity looms as ship orders soar to record high
- ISS acquires leading marine ERP software firm
- TT Club urges box terminal operators to install quay crane anti-collision systems
- Textile giants resort to more imports from cheaper sources, cost reductions
- Onion minimum export price up by 6.5 pc to $ 325 a tonne
- On second thoughts, US may not take high Indian wine duties issue before WTO
- Lift curbs & widen Nathu La doors for trade-China
- Decks being cleared to ensure smooth docking
- CONCOR-SCR logs 18 pc rise in Q1 ex-im traffic
- Rlys have grand designs for major stations in metro cities
- Nifty 50 record a decline in profit growth
- ECGC sets sail for foreign shores; to cut premium for rupee-hit exporters
- Education cess on wine imports off
- Govt may need to earmark $ 1 bn to lay gas pipeline
- Service tax collections may touch Rs 50,000 cr. in 2007-08
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| JULY 9, 2007 |
- Transa Spedition appoints new managers for Leipzig and Hanover
- EMES increases capacity with 1,000 new reefers
- Air Canada Cargo partners with Envirotainer
- Better train connections for Germany's northern ports
- Toll Holdings to take full control of Toll NZ
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| JULY 9, 2007 |
- Liability issues sink the Sunk VTS
- Empress of North evacuation system failures
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| JULY 9, 2007 |
- Transocean licenses rig patents to Pride
- $8.1 million Navy contract for NASSCO
- Kirby buys Gulf Coast diesel service specialist
- CMB takes stake in Anglo-Eastern
- Carnival's Bob Dickinson to retire
- LR releases ballast water treatment guide
- Daewoo books $1.49 billion box ship order
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| JULY 9, 2007 |
- Initial Columbia Gateway tenant inks Letter of Intent with Port Vancouver
- Crowley looks to academies for merchant marine candidates
- Repair work completed on EMPRESS OF THE NORTH
- Goldman Sachs investing in SSA parent company
- Insurance club calling for crane boom sensor devices
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| JULY 9, 2007 |
- Braemar swoops for survey firm
LONDON shipbroker is buying survey, engineering and loss adjusting firm Falconer Bryan for about £5.8m cash.
- Braemar hits record and wants more
- Tricolor broke collision rules, says court
US Appeals court rules all three ships involved in the Tricolor casualty as well as vessel's own actions led to loss.
- Salvors free grounded Napoli
STRICKEN boxship successfully refloated from seabed after grounding a mile off Sidmouth.
- Refugee crisis throws masters into the deep end
WHO can blame ship masters for being at a loss as to what is the 'right' thing to do when faced with refugees at sea?
- Separate systems
WITHOUT the warning tones of a VTS operator who has detected it on his screen, the merely strange could be something horrific.
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| JULY 9, 2007 |
- Speculation mounts on AT sale
Speculation is mounting over the sale of Acciona Trasmediterranea, Spain’s largest domestic ship owner
- Oil to be retrieved from sunken ship
SALVAGE experts have arrived in Mangalore on India’s west coast to direct the process of retrieving oil from the capsized Eritrean cargo ship Denden
- Crew stranded on infested ship
TWENTY FIVE African crew members of the Panama-flagged cargo ship Meugang 1 remain stranded at Santander nearly a month after docking at the port in Northern Spain
- Madrid adopts measures for non-EU crew
THE Spanish government has adopted a new measure to facilitate the employment of non-EU seafarers on Spanish-flagged ships
- Zaliv reports first-half growth
AFTER a record year for newbuild orders last year, Ukrainian shipyard Zaliv - able to build larger ships than any Russian yard - said its 1H07 revenues have kept growing
- Collision case a ‘call to action’
While reversing the earlier Tricolor decision, the Appeals Court concurred that this collision case underscores the need to revise the English Channel traffic system
- Tricolor decision reversed
- Five missing as OSV sinks
- Cruise ‘legend’ to resign
- Liner trades broaden advocacy in Brussels
- Millennium hobbled by prop damage
- PIC production scaled back
- River Plate to be dredged to 11m
- Wildcat T&T ferry strike sidelines passengers
- Wheels falling off ILA racketeering case
- Danish owners approve of tonnage tax
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| JULY 9, 2007 |
- China ends currency export incentives
China has scrapped a set of rules that provided incentives for exporters to repatriate foreign currency.
- Panama Canal reviews bids
- TACA holds surcharges
- RFID market nears $7B
- Evergreen extends lease at Port of Kaohsiung
- PSA to trim box volume at Tuticorin
- MSC Napoli refloated
- ICTSI lays plans for new Colombia terminal
- Fulmer Logistics names Stewart as new COO
- Crowley program addressing maritime crewing shortages
- Goldman Sachs acquires stake in SSA Marine
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| JULY 9, 2007 |
- Alianca in jungle upgrade
- WSC to open office in Brussels
- CLECAT establishes new working group to focus on environmental issues
- APL and Californian ports test shipboard ballast water treatment system
- MSC Napoli refloated
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| JULY 9, 2007 |
- CMB takes Anglo-Eastern stake
Belgian shipping group has jumped into ship management with purchase of 27% share in Hong Kong company.
- OSG crests $90
Tanker shares continue to defy gravity -- and spot rates -- and one US analyst suggests savvier investors may be the reason.
- Offen teams with Glencore
German containership operator does a deal to operate 16 products carriers in commercial partnership with top charterer.
- Slick move from Top
Greek-managed suezmax tanker sails from Chinese port having been held over oil spill.
- Skaugen satisfied
Norwegian tanker owner built first half profit as charter hire costs were slashed.
- Sam Woo on the rise
Hong Kong heavy-lift player ups annual profit as it eyes fleet expansion.
- China top for new orders
South Korea pushed into second place by rival while European shipyards’ turnover by value soars.
- Made it!
Favourable weather conditions contribute to successful re-floating operation of grounded Napoli.
- Essar wants Vietnam action
Indian group examines shipping and energy tie-ups after founding steel mill.
- Napoli to be refloated
Work due to start Monday as UK’s Maritime & Coastguard Agency opts to move ship while it can.
- Daewoo on cloud nine
Korean yard raises annual sales target after receiving nine-unit boxship order, but identity of owner still cloudy.
- Pride orders at Samsung
Tightening delivery times prompt US drilling contractor to ink $680m drillship without charter.
- Millennium cruise cancelled
Celebrity to pull two 12-night Mediterranean voyages after ship hits rock damaging both props.
- US Navy charters pair
US Shipping Partners wins employment for the two more of its tanker newbuildings at Nassco.
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| JULY 9, 2007 |
- FEFC's May westbound volume up 17.7%
- Mediterranean Shipping starts Far East/Med loop
- Second Circuit: Shared blame for Tricolor loss
- MSC Napoli refloated
- NYK opens new maritime academy in Philippines
- Huang re-elected as Yang Ming chairman
- Boeing shows off first assembled 787
- Canada unveils Calgary air cargo transshipment program
- Bear Stearns report: Slow railcar demand may continue
- Global chambers of commerce agree to lobby for Doha completion
- Former White House official Liang joins ST&R
- Indian port tariffs driving PSA to downsize Tuticorin throughput
- $150 million biofuels facility planned for Port of Vancouver USA
- Port of Los Angeles buys out tenant for $17 million
- $55.2 million dockworker death settlement upheld
- L.A. labor group signs first pact with Chinese labor
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| JULY 9, 2007 |
- Aegean orders more tankers
Bunker supplier has long-term plans for five additional service centres.
- EU should back wind and solar power
IMO blamed for 'lack of progress' in tackling emissions from ships.
- Rotterdam market firm
- No break in 'bull' run
Asian fuel oil market pulls Singapore bunker prices to fresh highs.
- Grounded container ship floats free
UK salvage operation refloats container ship that triggered bunker spill alert.
- Morgan Stanley buys first Middle East cargo
Investment bank buys first Middle Eastern fuel oil cargo for July loading after taking up storage in Asia.
- Global Risk Management hires new bunker staff
- Analysts expect positive progress for Malaysia's bunker hub
New facility should address the lack of storage space as well as lowering bunkering costs, research says.
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