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| MARCH 12, 2007 |
Shipping News
- Global Energy's newbuild launch in Fujian a milestone
FOR home-grown tanker group Global Energy, the delivery of its first newbuild bunker tanker destined for Singapore port waters from a shipyard in China's Fujian province marks a major milestone for both Global and the shipyard.
- Danaos to buy four container ships for US$400m
DANAOS Corp, the largest publicly traded container-shipper in the US by market value, agreed to buy four ships from China Shipbuilding Trading for about US$400 million.
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| MARCH 12, 2007 |
- OOIL profit slips 11pc on high fuel and low freight rates
- Qingdao port readies for Hong Kong IPO this year
- Danaos net profit drops 17.7pc in 2006, but surges in Q4
- Philippines offers US$247m in shipping industry loans
- Private company operates container terminal at Chittagong
- Felixstowe sets handling record with CSCL vessel
- ST Aerospace lands US$136m conversion deal from Boeing
- UPU calls for standardisation, more EDI and security at IATA's Mexico symposium
- 86 crates of snakes found in Penang airport
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| MARCH 12, 2007 |
- Globelink WW committed to providing world class logistics services to trade
- Queen Mary 2-the floating marvel of opulence!
- Petroleum Ministry favours ship chartering cells in oil PSUs
- ICF Shipping enters 25th year of operations
- ANL heads back to Europe!
- Wheat import deadline stands
- Wheat may be imported again-Pawar
- Farm talks yet to yield fruit
- Prospects bright for organic food exports to EU
- Uptrend in export of oilmeals
- Chinese co urges India to review export tax on iron ore
- Mundra Port & SEZ to enter capital market soon
- MPSEZ institutes a training arrangement with MAEER
- PRCL test-runs special containers to move cars
- ECGC presented MoU award for excellence
- SAIL mulls SEZ at Salem
- Goa wants job quota in SEZs
- No ceiling on export credit to SSIs-FM
- Kerala nod for 11 SEZs
- Core group mooted on India-China trade
- Forex reserves mounting towards $ 200 bn
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| MARCH 9, 2007 |
- Grimaldi ro-ro capsizes at Antwerp
- Baltic issues tanker FFA figures
- OOIL profit down
- Montrose floats free
- Star Cruises returns to Taiwan
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| MARCH 9, 2007 |
- Cummings calls for Deepwater accountability
- $142.8 million Navy contract for Amsec LLC
- Intership Navigation orders MAN Diesel ME-B simulator
- Yantai-Raffles completes round FPSO
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| MARCH 9, 2007 |
- Greenbrier's TrentonWorks plant may see workers begin strike today
- DHL places order for six Boeing 767-300ER planes
- Neptune Orient Lines sees net profits plunge in 2006
- Customs may now pursue claims for wood packaging material violations
- US railroads report mixed traffic numbers for week
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| MARCH 9, 2007 |
- Barrot rebukes states over EU safety package
TRANSPORT commissioner accuses Greece, Malta and Cyprus of 'dragging feet'.
- French efforts to speed up safety rules backfire
- Kassian joins growing band of oily water offenders
COMPANY faces up to $500,000 in fines and second engineer up to five years in jail.
- Lloyd's eyes Islamic reinsurance opportunities
LLOYD'S targets Islamic reinsurance after launching Lloyd's Labuan Ltd in Malaysia.
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| MARCH 9, 2007 |
- Celtic Mist owner considers ITF agreement
SOUTHAMPTON 09 March ' Jay Management, owner of the ro-pax Celtic Mist currently embroiled in a dispute over crew and ship condition in Southampton, has indicated that it will consider an ITF agreement when all the current problems are resolved
- Green fuel fires Vopak profit
ROTTERDAM-based Royal Vopak achieved a net profit of $192.4M last year, based on increased bio-fuel storage and bulk chemical imports in Europe, the MidEast and Africa
- Rotterdam considers damages claim
MEMBERS of Deltalinqs, the Rotterdam organisation of port related enterprises, are considering bringing a claim against SMIT for financial losses caused by strike action
- Barbados port strike over
A STRIKE affecting cargo movements at the Barbados port of Bridgetown was swiftly resolved following the intervention of Barbados Prime Minister Owen Arthur
- Karachi shipyard seeks Gwadar facility
KARACHI Shipyard and Engineering is seeking government approval to set up a site at Gwadar to attract the business of large vessels transiting that area
- Vanuatu volunteers for audit
THE Vanuatu ship registry, which claims about 600 ships amassing 3Mgt, has applied to be audited under the IMO's Voluntary Audit Scheme
- SCI union goes takes grievance to the top
- Fesco expands capital with shore assets
- Cubans elude massive migrant drill
- Kassian charged over magic pipe
- Boxship bump knocks dredger jumbo out
- 'Internal smuggler' caught after leaving ferry
- George misses Port Hedland but Jacob follows
- Petronas, Saibu sign new LNG deal
- Rates weigh down Navios
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| MARCH 9, 2007 |
- Scan-all amendment survives
But language of Menendez amendment is watered down for inclusion in Senate 9-11 legislation.
- House passes tonnage tax
- Customs begins to collect wood packaging fines
- Panama Canal will let expansion contract in Q3
- TSA, shippers hold meeting
- Trade deficit dips in January
- U.S. launching investment promotion plan
- Port of LA taps DiBernardo to head marketing
- Striking tug workers set vote at Port of Rotterdam
- Trucks power Hub net
- New cranes for Halifax
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| MARCH 9, 2007 |
- China eyes Temasek as model for new investment agency
China's government is considering investing foreign currency reserves ' built up as a result of its trade surplus ' through an agency which may be modelled on Temasek, a move with serious implications for commodity, asset and currency prices key to world trade.
- OOIL to pay US$500m special dividend from port sales
Orient Overseas International Limited will pay a special dividend of US$0.80/share - totalling US$500m - out of the US$2.35bn cash proceeds from the sale of its four North American terminals.
- MOL affirms commitment to Paranagua
- Shipyards in South Korea and China see a rush of small-ship orders
- South Korean lines add Daesan port calls to help boost volume
- Yang Ming Line to launch China-Thailand Service
- Guangzhou to spend US$2.6bn on port investment by 2010
- All-water service lifts the growth trend at Boston
- Yet more containerisation of bulk cargo to come
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| MARCH 9, 2007 |
- Tarntank buys in Turkey
Swedish owner snaps up products carrier set for delivery this summer from Selah Shipyard.
- Aries drops 10%
Stock price plummets after news of massive cut in dividend.
- Nacks getting bigger
Kawasaki and Cosco to plough $254m into Chinese joint venture yard to double capacity by 2010.
- Bulker freed in Venezuela
Partial unloading of coal cargo successful as Cosco Wallem-managed unit released from Maracaibo channel grounding.
- RCCL hot for Europe
Cruise line will deploy record number of ships next year as giants battle it out.
- Near miss for Silja Serenade
Evasive action by Tallink ferry averts collision in Baltic after tanker loses power.
- OOCL profits fall 10%
Hong Kong owner slates operators for believing poor market forecasts and accepting low rates.
- Overweight boxes to blame?
Industry insider points to possible stability problem as likely cause of Grimaldi ship capsizing in Antwerp.
- D'Amico eyes IPO
Cousins Paolo and Cesare D'Amico are listing their products tanker division on the Italian stock exchange.
- Crewman missing
Seafarer from Egyptian cargoship berthed in India has not been seen since 21 February.
- Mundra to go public
India's biggest private port set to launch IPO to fund expansion.
- Opec exports to creep up
Oil analyst estimates extra two suezmaxes-worth of exports during four weeks to 24 March.
- Cyclone wreaks havoc in WA
BHP Billiton and Rio Tinto operations affected as Cyclone George tears through Western Australia.
- Kassian accused
Greek bulker owner and second engineer facing three charges relating to oil dumping in latest 'magic pipe' case in US.
- HarbourLynx to be revived
Idled Canadian ferry to be fitted with new engines for run from Nanaimo to Vancouver.
- Mortars seized on ferry
Ten 60mm shells discovered on Aleson Shipping vessel in the Philippines after tip-off.
- Four for PT Pal and JMI
Indonesian yards team up to build dry cargoships for Italian owner.
- Pirates talk from Rozen
Negotiators seek peaceful resolution to latest Somali kidnap case, amid reports of gunfights with authorities.
- Ship limps to Maltese port
High winds and rough seas cause engine trouble onboard Italian vessel which is pulled to Grand Harbour.
- Block buy for DSME?
Daewoo completes due diligence on compatriot manufacturer Shinhan Machinery which builds ship blocks.
- Up and down at TBS
US-listed tweendecker owner sees improved fourth quarter, but full-year results decline on charges.
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| MARCH 9, 2007 |
- OOIL's profit slides 11% in 2006
- OOIL's Tung: Costs will force carriers to refuse U.S. inland cargoes
- CMA CGM testing Halifax option
- Maersk creating 17-ship Asia/Europe service
- Hapag-Lloyd leaving CSAV Norasia as sole ABS operator
- MSC dropping Oakland, Qingdao from New Orient Express
- Senator Lines to join new Europe/East Coast South America loop
- APL also joining U.S./South America service of MSC
- Coast Guard to hold small vessel security summit
- Crowley names Sweeney VP of safety and health
- Marine Resources Group appointments
- DHL to buy 767s
- New Boston/China air freight service
- Virgin Atlantic Cargo takes management of express product in-house
- Cross-border truck pilot program draws conflicting testimony
- India signs onto trans-Asia railway project
- 100% inspection proposal pops up again in Senate
- U.S. industry finds Cuba economy troubled, but resilient
- Wood packaging fines begin today
- Descartes profits rise, appoints new CFO
- Logistics job fair planned in New York
- PMA vows no union troubles in 2008
- Web-based container yard software going to market
- DP World orders 84 Kalmar terminal tractors for Dubai port
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| MARCH 9, 2007 |
- Serious incident on the Sea of Aland
This morning, a blackout during a crossing situation on the Sea of Åland led to an incident that could have ...
- Norwegian maritime turnover of NOK 275 billion
Norway's maritime industry, comprising around 5,500 companies, had a total turnover of NOK 275 billion in 2005 and left a ...
- Mols-Linien with the best profit ever
Mols-Linien A/S came out of 2006 with the best result ever in the company's history against all odds, including ...
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| MARCH 9, 2007 |
- Bunkers stay steady, for now
Little movement in US prices but some softening expected with improving avails.
- Ship emissions 'lower' than expected
New study pointing the finger at ship pollution but good news in the fine print.
- IMO: We have CO2 action plan
IMO says any attempt to play the shipping industry against the aviation sector 'seems futile and meaningless'.
- Sri Lankan players would welcome new bunker hub
Hambantota project could bring down bunker prices in Colombo.
- Chemoil chief moves away from floating storage
Chandran says floating storage is "an accident waiting to happen."
- Limited activity in ARA barge market
- OPEC output likely to remain unchanged
Analysts expect cartel to keep output steady when it meets on March 15.
- Singapore grapples with shortages
Local suppliers rush to clear backlog of orders on arrival of fresh cargoes.
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