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| APRIL 11, 2007 |
Shipping News
- Push for ending tax on cadet berths
IN an attempt to tackle an impending critical shortage of seafarers, global tanker group Intertanko is pushing for an exemption from tonnage taxes for designated cadet berths on board ships as it promotes its policy of having two cadet berths per vessel.
- China shipyard to invest 2m yuan in maritime IPOs
GUANGZHOU Shipyard International, the mainland's only publicly traded shipbuilder, will take advantage of its substantial cash reserves to invest two million yuan in mainland shipping-related companies at their initial public offering stage, The Standard reported on Monday.
- Asia bulk freight rates at 28-month high
BULK freight rates for major Asian routes hit a 28-month high yesterday, as demand for time-charter bookings increased and port congestion persisted, tightening available tonnage.
Strait Talk
- A project that needs support
THE welfare of seafarers is not something the bunker industry normally has time to get particularly concerned about.
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| APRIL 11, 2007 |
- WTSA to hike rates for Asia-bound wastepaper
- Yantian box handlers end strike, gaining rights and pay hike
- Houston port seeks approval for US$5m in security funding
- Ghana opens container terminal at Tema Port
- NZ to provide software for new Gdansk box terminal in Poland
- Joint funding for Fraser River debris trap approved
- Asiana Airlines links up with Cargo Community Network
- MidAmerica Airport lands first international cargo flight
- GM picks FedEx as best supplier for 9th year
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| APRIL 11, 2007 |
- Globelink WW to strengthen presence in India
- Essar Shipping & Logistics to acquire 6 vessels under foreign flag
- Pirates free Indian & UN ships
- Kochi becomes shipping exam centre
- Oilmeal exports yield Rs 4,300 cr.
- NMPT celebrates Maritime Day
- Foreign outfits to be roped into dredging JVs
- Kulkarni announces bonus settlement
- Sethu channel dredging work resumes
- Puducherry port construction suspended
- Consultants for preliminary study of 4 new rail freight corridors may be selected by May-end
- CONCOR to offer end-to-end solutions to retain competitive edge
- ICD-Pithampur puts up good show in 2006-07
- BCHAA to initiate dialogue with cargo carriers
- 8 pc duty may be slapped on 40 textile machinery items
- Exporter-friendly foreign trade policy on cards
- Rice exporters seek uniform tax policy
- RIL mega SEZ may split into 5 zones
- US trade chief coming tomorrow
- New regional chiefs of CII for 2007-08
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| APRIL 10, 2007 |
- Two missing following Greek cruise sinking
- ITF responds to Slovenian allegations
- MOL to launch 44 new iron ore carriers
- Busan cruise terminal opens
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| APRIL 10, 2007 |
- Bharati Shipyard issues clarification on Swan deal
- Lockheed offers Navy new LCS proposal
- Marad reorganizes
- India's ABG wins four ship order from Cyprus
- Fred Olsen to stretch Norwegian Crown
- VT to supply Trinidad & Tobago Coastguard vessels
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| APRIL 10, 2007 |
- Plenty of places of refuge available says EU
MORE than half of the European Union’s coastal states have identified their entire coastline as potential places of refuge for ships in distress, says the European commission.
- Samsung cautions on LNG carrier orders
SOUTH Korean yard warns that LNG carrier orders will likely fall at the bottom end of predictions as projects continue to suffer delays.
- Sea Diamond sinking down to 'human error'
GREEK Merchant Marine Minister Manolis Kefaloyannis says focus is now on environmental protection and finding missing passengers.
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| APRIL 10, 2007 |
- Kefaloyannis focuses on human error
SANTORINI 10 April – Greek shipping minister Manolis Kefaloyannis went to Santorini today to visit the site of the Sea Diamond sinking
- Ezra buys into engineering firm
EZRA Holdings, which operates a fleet of support vessels for charter to the offshore oil and gas industry, has bought a 21% stake in engineering group Nylect Technology
- Migrant Watch: US/Caribbean#3
SEVEN Cuban migrants rescued last Thursday (5 April) were said to be the the latest in a small but growing number arriving in south-west rather than eastern Florida by sea
- Migrant Watch: US/Caribbean#2
ELEVEN members of a Cuban-American migrant smuggling ring were indicted yesterday in Miami
- Migrant Watch: US/Caribbean#1
THEUS Congress is considering a new bill to bolster USCG efforts to stop maritime migrant smuggling, making the activity a federal felony with heavy penalties
- Pirates take over products tanker
THE IMB Piracy Reporting Centre this week records what was effectively the hijack of a products tanker in Indonesian waters on the afternoon of 14 March
- PNSC shares soar on blaze report
- Kremlin pushes for gas cartel
- Fred Olsen to lengthen Balmoral
- Rokia Delmas dismantling begins
- Collision reveals poor communications
- MOL unveils ore fleet expansion
- 20 feared lost after China collision
- China yard launches Singapore IPO
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| APRIL 10, 2007 |
- Retailers predict record U.S. container volumes coming this summer
Survey urges shippers to plan ahead for their logistics needs as this year's peak shipping season is shaping up to be the busiest ever.
- China cuts steel export rebate
- Italia Marittima upgrades trans-Pacific all-water service
- DP World targets huge increase in terminal capacity
- Marad reorganizes offices
- No change for TACA fuel fee
- U.S. Lines adds Oakland call
- NWA Cargo opens freighter service to Guangzhou
- Surge for 3PL market
- Talks resume after strike at Port-of-Spain
- Wilmington deploys cranes
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| APRIL 10, 2007 |
- Fifty per cent increased throughput not enough to ensure KIT profit
A 50% year-on-year increase in container throughput by Korea International Terminals was not enough to stave off an operating loss of KRW3bn (US$3.24m) in 2006.
- China’s Q1 trade surplus blossoms – with taste of bitter fruit to come
A "surprise" fall in China’s March trade surplus has obscured a Q1-on-Q1 rise of nearly 100% in the country’s trade surplus, to US$46.4bn, sharpening questions of trade relations and currency.
- Alternatives being sought for East Java shippers
Inadequate rolling stock on a rail-link from East Java to BJTI terminal at Tanjung Perak Port Surabaya has prompted complaints from East Java shippers, as well as alternative infrastructure plans.
- Mumbai Customs House agents to have dialogue with "non-co-operative carriers"
- US government progressing on radiation monitor upgrade to "smart" machines
- CN announces new NA operating entity
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| APRIL 10, 2007 |
- CSCL profit collapse
Result of Shanghai based liner operator slumps as a result of higher bunker bills and lower freight rates.
- Shaken AND stirred
Ex-Bond actor Pierce Brosnan and neighbours happy after proposed US LNG terminal is rejected.
- STX takes two at STX
STX Shipbuilding gets $80m order from sister company STX Pan Ocean for supramax duo.
- G&A damper
Overhead costs lower bank's earnings outlook for bulker player, but not its 'buy' rating.
- One51 doubles ICG stake
Potential suitor takes holding in Irish Continental Group to 18% as owner says it will reimburse MBO if it fails.
- Balmoral cost soars
Fred Olsen ploughs extra $80m into lengthening "wonderful" aging cruiseship.
- Ships freed in Somalia
Ransoms paid to secure release of Rozen and Nimatullah with security fears delaying release announcement.
- Japan collision claims one
Chief engineer presumed drowned after ships collide off Japan’s Wakayama on Saturday.
- ABG bags Essar quartet
Order for four dry-bulk supramaxes pushes orderbook at Indian yard towards $1bn mark.
- Swan song has Indian air
Bharati Shpiyard said to have scooped up one of UK’s oldest shipbuilders Swan Hunter.
- Cowen heads Economou IPO
George Economou-backed Oceanfreight has detailed its initial fleet of long-term chartered bulkers.
- Profits slide at Ezra
Lionel Lee-led offshore operator sees performance dip on less gains from vessel disposals.
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| APRIL 10, 2007 |
- MarAd office shuffle focuses on infrastructure, environment
- Tani named chairman of "K" Line's Turkish agency
- Maritime executive and pioneer Clark dies
- NWA Cargo starts Guangdong service to shave day off transit time
- U.S. rail freight down in March
- CN to expand non-rail services
- U.S. files WTO complaints against China
- ADB: India needs $320 billion in infrastructure to increase growth
- Schwab going to India to strengthen bilateral trade ties
- Pacer refinances long-term debt
- Starbucks brewing up expansion in South Carolina
- Maersk Logistics opens offices in Belarus, Georgia
- Summit Global Logistics chooses LOG-NET system
- Panama Canal Authority delays toll hikes
- APM said to be eyeing New Zealand terminal
- TraPac to manage Oakland cargo for U.S. Lines
- CBP Web site to help post-incident trade recovery
- Call for new container port in London
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| APRIL 10, 2007 |
- Fred Olsen rename and lengthen cruise vessel
Cruise vessel Norwegian Crown, currently on bareboat charter to Norwegian Cruise Line (NCL) from Fred Olsen Cruise Lines, will be ...
- Port of Esbjerg with more cargo and higher profit
Port of Esbjerg took it share of the prosperity of Denmark in 2006. The ports profit raised from DKK 22.6 ...
- Two coasters released from Somalia rebels
The two coasters, which were high-jacked outside Mogadishu some weeks ago has been released from the rebels that seized ...
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| APRIL 10, 2007 |
- Fujairah projects 'will go ahead'
Abu Dhabi's IPIC says it will go ahead with new oil refinery at Fujairah despite the possible withdrawal of JV partner.
- German owners launch bunker unit
Major owners to pool bunker buying with United Fuel Services.
- Rotterdam market quiet Tuesday morning
- Titan affirms interest in Chinese market
Titan Petrochemicals Group to establish stronger bunkering business in the Shanghai region.
- Mundra port seeks new terminal
Mundra Port, Indian Oiltanking in JV to build liquid products terminal with bunker fuel storage capacity.
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