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| SEPTEMBER 11, 2007 |
Shipping News
- Norway shipping firms slam proposal for new tax system
Shipping companies in Norway slammed a proposal for a new shipping tax system, saying it would cost them heavily and calling it a betrayal of a 1996 deal meant to keep them competitive and under the Norwegian flag.
- Daewoo August profit jumps nine-fold
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, said that profit for last month surged almost nine-fold, boosted by an increase in orders and prices for vessels to move fuel and consumer goods.
- Gemadept sees 50% earnings surge next year
Vietnam's top forwarder Gemadept Corp forecast its profit would jump 50 per cent next year as it puts an office building, a port and a warehouse into operation.
- China delivers first 8,530-TEU ship
- Qingdao Port kicks off expansion
- Newcastle coal-ship waiting time hits 9-mth low
- Forth Ports first-half profit increases 22% to £11m
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| SEPTEMBER 11, 2007 |
- First China-made 8,530-TEU containership delivered
- APM Terminals unveils new Hampton Roads container terminal
- Qingdao Bonded Logistics Park first seven months volume up more than 500pc
- Yang Ming and Wan Hai add Vietnam service from Fangcheng
- Colombo harbour sets container handling record
- SCI invites bids for two 5,000-TEU containerships
- Global crew shortage reaches crisis point: Anglo-Eastern Group
- Mass training needed as demand rises for 18,000 pilots a year: Boeing
- Geodis Wilson to handle AstraZeneca pharmaceuticals
- India airfreight growth expected to trump ship and rail development
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| SEPTEMBER 11, 2007 |
- Sical Logistics forms subsidiary to manage infrastructure-based activities
- SC bans entry of toxic ships
- Italy bestows highest honour on Evergreen Group Chairman
- AMET becomes first Maritime University in India
- World-class terminal to serve world's largest container vessels
- APM Terminal Bahrain reports excellent progress at Mina Salman box facility
- Maersk Line to hike box rates on Med-N. America route from Oct.
- FESCO to launch North China-E. Russia service
- Safmarine to take delivery of 7 newbuildings in 2008
- MSC launches JADE service with MSC Endurance call at XICT
- China Cosco dry bulk fleet to be world's largest
- Evergreen Line plans to build cheaper ships at own shipyard in China
- HPH opens 2 terminals in Egypt
- Panama Canal expansion begins in earnest
- TSA member carriers confer on future of US-Asia cargo market
- Spices Board upbeat on export target for black pepper
- Russia waives ban on Indian sesame seeds & g'nuts
- NMPT going in for concrete roads
- Tuticorin Port beefs up timber handling equipment
- Haldia Dock in for sea change with steel plants' throughput due
- CStates want rail corridors expedited
- Exports up by 18 pc this year
- PPP route alone can hasten infrastructure projects, stresses FM
- Govt plans SEZ for manufacturing gear needed to tap renewable energy
- Minister asks auto industry to rev up exports
- M.A. Master Memorial Lecture at IMC tomorrow
- 12 Indian cos figure in Forbes' Asia List
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| SEPTEMBER 10, 2007 |
- European Chemical Transport Association names new president
- APM Terminals opens Xiamen container terminal
- Emirates to launch non-stop B777 Dubai-Sao Paulo service
- American adds two services from Dallas-Fort Worth
- UTi Worldwide net income down in H1/2007
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| SEPTEMBER 10, 2007 |
- BW Gas joins tax change furore
- New boss for Stolt-Nielsen
- Euro bank lends Croatian port euros100m
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| SEPTEMBER 10, 2007 |
- Finance Minister gives Norwegian shipowners a tax shocker
- Guam yard to drydock MSC ship
- Tommy Thompson joins Crowley as Director, M&R
- GE gas turbines for Spain's F105 frigate
- OSG names first Q-Flex LNG ships
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| SEPTEMBER 10, 2007 |
- MarAd publishes report covering US port development
- Titan Salvage refloats containership in Mexico
- Free Port of Tacoma boat tours departing from Thea Foss Waterway
- Evergreen takes delivery of last S-series vessel
- Customs nabs cocaine heading into Canada
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| SEPTEMBER 10, 2007 |
- Norway hits out at proposed tax change
SHIPOWNERS say back tax budget proposal threatened competitiveness and would trigger a dismantling of the industry.
- Norway calls for curbs on shipping subsidies
- Insurers face huge US sub-prime bill
MAURICE 'Hank' Greenberg says insurance market will be the biggest losers from the recent sub-prime 'debacle'.
- Forth Ports bullish despite profit slide
FIRST-half profits fall 7% but chief Charles Hammond promises rebound in the rest of this year.
- Container conundrums
THERE was a lot to discuss as containerisation took centre stage at a World Maritime University gathering last week.
- Maritime gender politics
IF shipping faces a 'manning' crisis, surely more can be done to assist women to rise to the level of senior officers.
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| SEPTEMBER 10, 2007 |
- Fury as Norway scraps tonnage tax
The Norwegian government sent autumn chill through the country's shipping community by presenting a framework for the taxation of shipping that effectively means cancellation of the tonnage tax system and massive claims for payment of tax credits incurred since 1996 when it was introduced
- Missing pin led to ferry smash
A MISSING pin is believed to have caused the grounding of the BC Ferry Queen of Oak Bay in June 2005
- AIS: Don't die of ignorance
SLOPPY programming of communication devices is preventing rescuers reaching seafarers in distress
- BW fears 5-billion kroner tax bill
BW GAS shares fall 10% after predicting a tax bill of up to $830M
- Hunt on for pirate ship
FOREIGN warships in the Horn of Africa have been searching for a ship resembling a pelagic purse seiner thought to have been used as a pirate 'mother ship'
- Ezra sells half its offshore unit
EZRA Holdings, which provides support vessels to the offshore sector, is selling shares of its offshore construction subsidiary EOC
- Gujarat abandons yard sale again
- Salvors race to abandoned ship
- Maersk names new SE Asia chief
- Thai shippers can pay in greenback
- Asakawa to move its shipyard
- Solid sense from cement company
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| SEPTEMBER 10, 2007 |
- Prince Rupert to open new box terminal
Maher Terminals, Canadian National ready to open Phase 1 of British Columbia hub, with capacity of 500,000 TEUs.
- U.S. launches plan to revive fast-trade pacts
- C-TPAT wins landslide approval in new study
- Bush urges Japan to relax beef imports curbs
- TACA holds fuel fee
- Maersk ship refloated
- Menlo buys China network
- USF Holland launches regional next-day LTL delivery
- Former NIT League Chairman Barr dies
- Labor unrest at Cochin
- Canada gives 'green' awards
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| SEPTEMBER 10, 2007 |
- APM Terminals Virginia launches 1 million TEU facility
- Mitsubishi HI launches Ever Salute
- Zodiac cements deal with Samsung
- Maersk Diadema refloated
- Menlo Worldwide expands its China operation through acquisition
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| SEPTEMBER 10, 2007 |
- Hull losses worry IUMI
Underwriter Fred Robertie warns that crewing problems and a big upturn in large casualties are probably related.
- Jaya picks up shipyard
Singapore OSV owner and shipbuilder buys Nantong Shipyard.
- Commander buyer revealed
Genco Shipping & Trading confirms handymax sale for hefty profit.
- Canada mulls carrier ban
Affected waterway is crucial to two proposed US terminals in Maine.
- CTP catches charter boomerang
For the second time, Monaco- based company charters same panamax it chartered out months earlier.
- Norden sells and charters back
Two handymaxes being built in China will net a profit of $14.9m on delivery in 2010.
- Meba to board Exmar fleet
Union signed up to provide US officers for Exmar LNG carriers, as part of Northeast Gateway terminal effort.
- Ship re-floated off UK
No indication as to what caused German vessel to ground with all six crew rescued.
- DESS snaps up resales
John Fredriksen's offshore shipowner buying supply ships and anchor-handlers in Norway and Singapore.
- Scrap ship in another scrape
Crew abandon listing bulker off South Africa which was detained at least twice en route to Alang.
- New head at Stolt
Hans Feringa, managing director of parcel tankers, succeeds retiring chairman Otto Fritzner.
- Karmsund bags two tugs
Unnamed owner spending $210m on two AHTS ships being partly built in Poland.
- Norway overtakes Lloyd's
Historic centre of hull insurance market loses crown to expanding northern market, says IUMI's Tore Forsmo.
- Two new yards for Pakistan
Prime minister Shaukat Aziz wants a slice of regional shipbuilding action.
- High five at HHI
Mystery Marshall Islands-registered company signs up for large boxship quintet at Hyundai Heavy.
- Share slump for Oslo owners
BW Gas price plunges as much as 10% on news of tax hit, with Odfjell and Wilhelmsen also affected.
- Rousing raids Germany
Danish owner buys fourth coastal cargoship and names it after his wife.
- New domestic chief for Eimskip
Landsbanki exec brought in to oversee Icelandic operations of container and reefer line.
- Takeover tussle has ICG at a loss
Irish ferry owner spins a net deficit in the first half due to charge related to ongoing offer for the company.
- RAL on the slide
Lower cargo volumes and costly acquisitions push Greenland box line into the red.
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| SEPTEMBER 10, 2007 |
- GAO recommends Coast Guard adjust oil spill cleanup liability limit
- Nippon Foundation first to donate to Malacca Strait navigational fund
- Last of Evergreen's "green" S-types launched
- OSG names world's biggest LNG carrier
- Canada threatens to ban LNG tankers in disputed waters
- China joins ranks of shipbuilding giants
- Norway plans new shipping tax regime
- Samskip doubles ScanBalt frequency
- Cargolux raising fuel surcharge
- AirBridge launches service connecting Israel and Moscow
- ESC named as cargo agent for Chinese airline
- Minneapolis barge traffic returns
- Fick departs Thermo King
- Menlo, Schneider buy Chinese 3PLs
- Made in China recalls keep coming
- Jafza said to be eyeing logistics hub in South Carolina
- Kuehne + Nagel picks Lange as Herms' CEO replacement
- Central bank shores up Jamaican dollar
- TIA payment guarantee goes beyond required $10,000 bond
- Hellmann to use Kewill software for U.S. customs services
- APM Terminal open for business in Virginia
- Calif. air authority proposes new truck, ocean vessel regulations
- CMA CGM, Team Lines confirm DCT Gdansk calls
- Port Everglades' master plan outlines extensive changes
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| SEPTEMBER 10, 2007 |
- Norwegian owners would rather retain the present tax system
The Norwegian government proposal for a new shipping tax system will severely undermine shipping companies' balance sheets and reduce their ...
- Shipowners and managers calls for more seafarers
At the conference of Maritime Manpower Singapore 2007, both shipowners and managers called for prompt moves to educate more seafarers ...
- SSN gets 120 million to survive
Polish SSN shipyard's largest owners Korporacji Polskie Stocznie (KPS) and ARP Agencja Rozwoju (Przemyslu Industry Development Agency) has decided to ...
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| SEPTEMBER 10, 2007 |
- Bunkers International unveils new expansion
Volume boost and new barge as supplier looking to offer buyers new options.
- UAE awards contract for pipeline project
Engineering and design contract for the Fujairah pipeline project goes to WorleyParsons.
- Bunker privatisation still under attack
Sri Lankan supplier throws its weight behind court challenge to LMS sale.
- Fuel oil markets to 'tighten'
OPEC policy on crude oil quotas is adding to fuel oil's strength.
- Rotterdam market stable
- IMO official explains sulphur status
MARPOL signatory states may agree tighter sulphur definitions and test principles before revised Annex VI comes into force.
- KIC plans vessel acquisition
Four new vessels should be on order by the middle of next year.
- August retroactive price down from record
NYK, Nippon Oil agree to cut bunker fuel price for August from July's record of $419.20 pmt.
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