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| SEPTEMBER 10, 2007 |
Shipping News
- China's manic pace of building box ports raises glut fears
Who would have thought there might ever be empty docks in China given the country's racing export machine? Despite soaring trade, China could have too much container port capacity in coming years if it continues to build facilities at a manic pace and US demand slows.
- Norway's ocean freight exchange sees trade surge 19% in August
Norway's ocean freight derivatives exchange Imarex NOS on Friday reported a 19 per cent rise in the value of trade in August over its electronic platform versus last year to US$1.3 billion.
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| SEPTEMBER 10, 2007 |
- Cosco to buy 412 ships from parent for US$4.6 billion
- Zhangjiagang and Shanghai set up one-stop clearance
- Fangcheng port box volume surges 55pc in first seven months
- Maersk raises bunker surcharges for Med-US-Canada
- Shallow channel has some ships leaving Melbourne half full
- ICTSI appoints new CEO for Syrian box terminal
- Critics blasted for opposing Mexican trucks working American highways
- DHL raises capacity and frequency of HK-Beijing service
- Korean Air provides Incheon-Zhengzhou service
- Emirates SkyCargo sees Africa and India as new frontiers
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| SEPTEMBER 10, 2007 |
- Welcome to India!
- Listed cargo vessel off NMP beached
- HMM's maiden vessel under ACS calls at Chennai Port
- Tyre exports on a roll despite Re. rise
- S. Africa reviews imposition of dumping duties on Indian steel
- JNP Now world's 25th TOP CONTAINER PORT!
- IPA team to prepare feasibility report on multi-user liquid terminal at Cochin Port
- CONCOR NWR's efficient services prove major catalyst to trade boom
- India, Chile ink air cargo and passenger pact
- Sugar mills get another year to fulfil EO
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| SEPTEMBER 7, 2007 |
- Godwin assistant VP premium operations for KCS
- MSC to build container terminal in St Petersburg
- American to fly Chicago-Buenos Aires
- DB supervisory board expects partial privatisation soon
- US Postal Service awards Siemens contract
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| SEPTEMBER 8, 2007 |
- Odfjell: "Planned tax will cost us US$1bn"
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| SEPTEMBER 7, 2007 |
- Jury convicts tanker company in pollution case
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| SEPTEMBER 7, 2007 |
- Mexican/US trucks begin cross border test
- Alaska Airlines to begin new flights from Portland
- PDX noise advisory board schedules public meeting
- Port Tracker report predicts record container moves in October
- US rail freight numbers hold steady during week
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| SEPTEMBER 7, 2007 |
- IACS sets its sight on tackling emissions
ASSOCIATION chief Tor Svensen says focus will now shift to managing ship emissions.
- California's low sulphur rule thrown out by judge
- Troubled Gorgon gets huge boost
MAJOR hurdle removed as operator Chevron gets final nod from Western Australian state government.
- Call for 'immediate action' over officer crisis
SHIPOWNERS and managers say now is the time to take steps to plug officer shortage.
- Calm returns after catastrophic storm
AFTER a tumultous renewal cycle in 2006, the catastrophe reinsurance market is stabilising.
- Battle of the giants
'THE only way is up' seems to be the motto of those operating linehaul containerships, with the exception being Evergreen's chairman Chang.
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| SEPTEMBER 7, 2007 |
- $50M paid for one-year Cape charter
Superlatives are being eclipsed in the dry bulk market. The latest fixture list from the Baltic Exchange includes that of the 2004-built, 175,000dwt Capesize bulker, Xin Fa Hai
- Docenave wins $296M boxship funding
BRAZILIAN shipowner Log-In Intermodal has been given the go-ahead by the Brazilian Department of the Merchant Marine for funding to build five new boxships
- Criminalisation 'deters aspirants'
THE growing criminalisation of seafarers is turning away potential aspirants to jobs on board ships
- China locks in West Oz ore supply
CHINA has indicated its desire to lock in further long-term iron supplies with the signing of agreements in Perth, Western Australia this week
- Lanka bunkerers at loggerheads
LANKA Marine Service, Sri Lanka's main bunker supplier, is being challenged in court by a rival firm supporting another party seeking to cancel the privatisation of LMS
- New ro-ro venture 'won't run ships'
CHANNEL Ferries Ltd has been set up as a ro-ro charterer and its first purchase has been the two ropaxes Lubeck Link and Malmo Link, renamed Ropax 1 and Ropax 2
- Ionia faces $9M in dumping fines
- Poaching wars fought in India
- Russia reopens door to Arctic gas
- Alang: the end?
- IACS admits that Class must change
- Training needed to meet crew crunch
- Koper Customs trounce smugglers
- BA shuts down Shell
- Chinese ship aground off Mangalore
- MEG shipping urged to keep AIS on
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| SEPTEMBER 7, 2007 |
- No peak congestion seen for U.S. ports
North American ports expected to handle record container volumes in October without seeing serious congestion problems.
- Ports gave economy $2-trillion push in 2006
- APM Terminals opens Portsmouth container hub
- LA port takes air inventory
- DOT clears Mexican trucks
- Wallenius Wilhelmsen Logistics tabs Oceania exec
- Canada, New Zealand open up air cargo services
- DHL wins Wal-Mart pact
- Bernuth to call Puerto Cabezas with supplies
- Dockwise gets Navy charter
- Nehru logistics park planned
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| SEPTEMBER 7, 2007 |
- Why the rush for big ships?
This year has seen liner companies once again head for the shipyards of the Far East to order bigger and in some cases, faster, ships. Moreover, the pace of ordering has been quickening, with some tramp owners placing contracts without any charter guarantees.
- New project paves the way for seamless NAFTA trucking market
- Samskip doubles frequency
- US judge rules on vessel fuel in Californian waters
- FEFC to raise rates yet again
- Transatlantic trade in trouble
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| SEPTEMBER 7, 2007 |
- BC Ferries concerns raised
A year after the Queen of Oak Bay grounding, Canadian safety board voices concern over other ropaxes.
- Bloodied but unbowed
Ionia showed 'courage' in fighting US, lawyer says, but had no real option for settlement in magic pipe case.
- CFO swap at Transatlantic
The Swedish ro-ro owner's Stefan Eliasson replaces Hans Carlweitz.
- Boa bites on eight OSVs
Company orders multi- purpose supply vessels and anchor-handling tug supply vessels from Norway's Vik-Sandvik.
- NYK in bypass probe
Car carrier held in US with altered pipes and another headache for New Flame owner Transmar.
- Fumes sicken ship crew
Dock and Maersk ship workers are hospitalized in Oakland, possibly as a result of bunker fuel fumes.
- China tightens up on yards
New licence in offing for shipbuilders aimed at improving quality and environmentally friendly production.
- Tanker blaze in Baltic
Crew reportedly able to extinguish fire onboard Panama-flagged chemical tanker bound for Tallinn.
- Bulker grounds off India
Open hatches fingered as Cosco handysize lists and grounds off New Mangalore.
- CMA CGM on the up again
Higher operating costs fail to dampen second-quarter result at French giant as revenues soar.
- Mortensen chooses new future
Derivatives clearing house Imarex loses boss after nearly eight years, with founder Herman Michelet stepping in as stop-gap CEO.
- Security questions at Java port
Masters of foreign-owned ships complain of lax standards at Tanjung Emas.
- Subsidy boost for yards
Indian government looks set to revive 30% yard hand-outs for next five years.
- Alcock Ashdown sale shelved
Gujarat government scraps yard privatisation after bids fail to meet reserve price.
- Goldenport adds sixth
UK-listed Greek owner buys boxship number six in the 18 months since its IPO.
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| SEPTEMBER 7, 2007 |
- China Shipping starts 14-day Asia/Europe connection
- Mediterranean Shipping hikes ag export rates
- FAA approves new flight paths near Philadelphia
- Qatar Airways Cargo joins OAG portal
- DOT approved Mexican carrier to begin long-haul trucking in U.S.
- STB sets new procedures for small/medium rail rate disputes
- Intercontainer-Interfrigo adds more train services
- BIS extends industry comment period for CCL review to Nov. 1
- U.S. enters high-tech trade forum with Israel
- Senate takes up Peru trade agreement
- DHL wins Wal-Mart contract
- Wallenius Wilhelmsen hires ex-Sydney Ports boss to lead Oceania
- Eimskip separates North Atlantic, Iceland divisions
- Redline outsources global supply chain to Kuehne + Nagel
- Saddle Creek opens cross-dock operation at Florida HQ
- CTSI opens three foreign offices with more to come
- Costa Rica allows U.S. cattle imports
- UTi's profit down after accounting gain last year
- Descartes net profit up 55%
- Menlo buys Cougar Express
- RFID will grow in logistics
- Econocaribe starts Charleston/Hamburg service
- FMC reviews 10 OTI license applications
- Panama Canal expansion + mega-ships = more U.S. East Coast services
- SoCal ports study of truck plan reveals job losses, rising rates
- Port congestion low despite record container volumes
- N.Y.-N.J. port tests low pollution container hostlers
- Georgia-Pacific to close Bellingham tissue mill
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| SEPTEMBER 7, 2007 |
- ex-Norway closer to be scrapped
Cruise vessel Norway, ex France and now Blue Lady, might be ready for scrapping. The Indian government has told the ...
- Risk of 20 per cent premium increase at renewals
Owners could risk premium increases of perhaps as much as 15-20 per cent on their P&I cover at ...
- DFDS hires British catering crew for Queen of Scandinavia
DFDS Seaways is about to change crew on the Queen of Scandinavia on the Bergen-Newcastle run. A mainly British ...
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| SEPTEMBER 7, 2007 |
- Houston prices on the rise, again
Avails under pressure from busy week amidst firmer fundamentals.
- Fresh legal action targets ship engines
Environmental groups saying 'no reason to delay' regulations to reduce pollution.
- Marine fuels veteran joins Aegean
Stephen T. Leonard from WFS appointed as Aegean's Vice President of Americas
- Changes at the top for IMAREX
Michelet steps in as Mortensen bows out.
- Fuel oil trade falls from record
IMAREX fuel oil transaction volumes nearly halved from July's record but up from a year ago.
- US port workers hospitalised
Oakland port workers falling ill after exposure to noxious fumes during bunkering operation.
- Universal Terminal targets 2008 operation
Singapore's largest oil storage terminal to be ready by first-quarter 2008.
- Bunkers excluded from ship's mortgage
An Australian court has ruled that a bank's mortgage over a ship does not include its bunker fuel or lubricating oil.
- Firms fight for stake in Malaysia's bunker hub
Final shareholding equity of APH, the developer of the bunker hub, remains undecided.
- Tokyo resumes bunker loadings
Typhoon Fitow heading north, decreasing in strength and speed.
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