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| APRIL 12, 2007 |
Shipping News
- Singamas posts 60% fall in '06 earnings
THE world's No 2 shipping container maker, Singamas, hopes to sell 20 per cent more containers in 2007, after capacity increased by about half to 1.25 million TEUs, a senior executive said on Wednesday.
- Ship prices expected to hold at record highs for two years
HYUNDAI Heavy Industries Co, the world's biggest shipbuilder, and its competitors will be able to keep charging record-high prices for at least two more years because rising demand has outpaced supply, shipowners said.
- Aussie coal harbour logjam worsens
THE queue of ships waiting to load at Newcastle, Australia, the world's largest coal-export harbour, lengthened to a record 71, increasing delays and raising costs for producers and buyers of the fuel.
- China to implement new rules for shipbuilding sector this year
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| APRIL 12, 2007 |
- MSC to join Transpacific Stabilisation Agreement
- Speculation rife Maersk will build US$250m terminal in Oregon
- CMA CGM boosts capacity on the Europe-Guyana North Brazil line
- Toll, ACCC reach deal on firm keeping 100pc of PacNat
- TICT in Syria to be equipped with mobile container cranes
- GAC teams up with Tyco to offer global fire, rescue and safety services
- Cathay to recommence service to Colombo from April 22
- Embraer selects Menlo for warehousing, distribution in Asia Pacific
- Atlas Air deploys wireless system to cut communication costs
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| APRIL 12, 2007 |
- Shipbuilding industry projected to grow by 30 pc a year
- Lakshadweep allowed to acquire 8 vessels
- India, Japan begin talks on free trade
- Mangoes form part of American dream!
- 40 pc increase in export volumes at VCT
- Okha port handles 32 lakh tonnes of cargo throughput
- VSPL posts 80 pc growth in cargo throughput
- Eventful fiscal for KDWP
- Indian Oiltanking signs JV pact with MPSEZ to develop independent liquid product terminal
- Mohapatra sees need for deep-sea port in West Bengal
- PHCT implementing marketing strategy at CWC’s CFS-Whitefield
- Gati’s central distribution centre at Nagpur may be ready in one year
- India, Pak sign pact for rail freight services till 2010
- Ahmedabad AACC posts over 30 pc growth in export cargo
- FinMin clarification on cement CVD
- Excise collections in Vizag zone exceed target
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| APRIL 11, 2007 |
- Jacques Kleinkramer joins Samskip
- Scandlines posts record 2006 profit
- Ground handling merger in Finland
- PSD Poland with Lamprecht Switzerland
- Broekman Group renames companies in Central Europe
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| APRIL 11, 2007 |
- Panama Canal signs finance deal
- MOL delivers first imported biomass fuel to Japan
- AUX transpacific service upgraded
- Fred Olsen signs lengthening contract for "Balmoral"
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| APRIL 11, 2007 |
- ACL books $15 million tank barge order
- NCL to switch Pride of Hawaii to European market
- Stolt Nielsen orders parcel tankers
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| APRIL 11, 2007 |
- Matson Navigation marks 125 years of operations
- Ports of Portland, Vancouver have big economic impact on area
- Gamma-imaging system nabs man crossing border
- Port of Longview commissioner annnounces plans to retire
- New BNSF Railway tariffs will focus on hazmat cargo
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| APRIL 11, 2007 |
- Pride of Hawaii to be removed from Hawaii market
NCL cites downward pricing pressure and foreign flag competition as the reasons for the redeployment.
- Sea Diamond owners declined emergency service
SHIP'S classification society Det Norske Veritas says offer of emergency response service was turned down.
- Singamas shares tumble as profits slump
WORLD'S second largest box maker sees share price tumble by 3.89% after the firm posted a 59.7% slump in net profits.
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| APRIL 11, 2007 |
- NCL slashes Hawaii fleet
MIAMI 11 April – Norwegian Cruise Line (NCL) is pulling one of its three US-flag ships from Hawaii in the face of severe losses
- Iran's oil output now 4.3M bpd
IRAN produced an estimated 4.3M bpd of crude oil worth $51Bn during the year March 2006-2007, according to the country’s oil minister
- Canada clarifies US LNG opposition
THE PREMIER of New Brunswick is arguing that Canada is not blocking access to two proposed US LNG facilities because of ‘energy protectionism’
- Hostile takeover sees terminal blocked
A FINNISH feeder operator's terminal in St Petersburg has been paralysed by a road block stopping trucks getting in or out, and thought to be spurred by takeover action
- L&T to set up mega-shipyard
- Ship sale gains help Skaugen
- Australian queues hit headlines
- Lula attends $866M newbuild signing
- Indonesia to tighten maritime safety
- Migrant Watch: US/Caribbean#3
- Migrant Watch: US/Caribbean#2
- Migrant Watch: US/Caribbean#1
- Ezra buys into engineering firm
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| APRIL 11, 2007 |
- Panama Canal publishes revised proposal delaying toll hikes
Panama Canal Authority officially delays implementation of higher charges after consultations with industry.
- Trans-Pacific rate hikes fall short of carriers' goals
- New strikes hit Canadian National after union vote
- Container maker Singamas sees profit fall
- EU charges chemical carriers with price-fixing
- Brokers, forwarders in alliance
- China Shipping profits plunge
- Carriers sign for IAS InterTurn
- New box ship for Hamburg Süd
- Concor to develop new container terminal
- OOCL names Black Sea agents
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| APRIL 11, 2007 |
- Port workers refuse JICT-TPK Koja merger at Tanjung Priok
A terminals merger at Indonesia’s Tanjung Priok Port, billed as a means of creating a cost-effective national hub, has been rejected by port workers, who fear consolidation.
- CN rail workers resume strike action
- Criticism for Melbourne’s SEES review panel
- Healthy imports/exports shield Gwangyang from transhipment fall in Q1
- Heung-A intra-Asian network extends with east coast Japan call
- Service changes feed business to the charter market
- Container maker's 2006 earnings worse than expected
- Ocean Wilson Holdings plans IPO on Brazil-based holdings
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| APRIL 11, 2007 |
- Coustas keeps mum
New York-listed Danaos says its customers have prevailed upon it to quit disclosing the specifics of charter deals.
- DryShips confirms
George Economou’s Nasdaq-listed DryShips has confirmed two transactions reported two weeks ago.
- Excel reveals off-hire
A collision with a Good Faith panamax has put one Excel panamax off hire while another has won a new two-year charter.
- Jo too
EC taps second shipowner with charges of customer allocation and bid-rigging.
- ... and Stolt makes three
Stolt-Nielsen says it still qualifies for leniency in the EU despite today's formal charges of price fixing with Odfjell and Jo Tankers.
- K-Sea beefs up on West Coast
Tim Casey’s K-Sea Transportation has added a tug for its West Coast operations.
- Titan sells bull
Korea Line snaps up Titan Taurus as its former owner shifts strategy.
- EC moves on Odfjell
Chemical tanker operator receives price-fixing complaint from commission after four-year probe.
- Wilhelmsen takes Eidsiva stake
Oslo owner pays over market price to secure 22% share of fellow car carrier.
- Stowaway false alarm
The port of Halifax went on high alert for a flood of illegal immigrants that never happened.
- Tanker grounds off India
Lightering considered as Mercator Lines-operated MR tanker grounds on sand outside Paradeep.
- Punita re-float underway
Lightering of Mercator-lines products tanker continues off India as it is revealed to be carrying 45,000 tons.
- Aloha and goodbye
Substantial losses force NCL to redeploy Pride of Hawaii in Europe from 2008.
- Stolt declares at SLS
Quartet of tanker options firmed up at Korean yard as SNTG takes its newbuilding tally there to twelve.
- Skaugen down again
First-quarter profit at Norwegian owner eroded by high charter costs, dry-dockings and falling revenues.
- Manager mum after tanker blaze
Fire onboard Malta-flagged chemical tanker off Ireland sees Polish manager go cold.
- ACM joins LTBP
London Tanker Brokers Panel expanded to six with admission of recently-listed ACM Shipping.
- Quintana fixes out Cape
US bulker outfit confirms deal with board directors and a five-year charter for the newbuilding.
- Shaken AND stirred
Ex-Bond actor Pierce Brosnan and neighbours happy after proposed US LNG terminal is rejected.
- AUX upgraded
Italia Marittima and ZIM add New York stop to Far East – US service, providing express link from China.
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| APRIL 11, 2007 |
- China Shipping's profit slumps 77% in 2006
- Stolt orders fours parcel tankers
- MSC box ship OK
- TACA's BAF unchanged, CAF rises
- INTTRA unveils Chinese shipping order product
- Hamburg Sud naming 3rd 3,752-TEU vessel
- Intermarine sends Leonard to Shanghai
- DHL speeds Europe-to-U.S. service
- CN, union fail to reach settlement
- China alters VAT rebate on exported steel
- ITC studies impact of eliminating certain tariffs Mexican sugar
- WWPC sees market growth in oversize project cargos
- Otto to take over from retiring Abels as Saddle Creek president
- Agility names Bible Americas CEO
- Smith named APHIS associate administrator
- FMC reviews 15 OTI license applications
- U.S. February port volume up 14.9%, July to see all-time high
- La. ports lobby state for new funds
- Larson retires as Port of Longview commissioner
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| APRIL 11, 2007 |
- Scandlines ferry hit the quay in Gedser
The Scandlines ferry Kronprins Frederik had an accident during the approach of port of Gedser yesterday. During the approach the ...
- Solstad in hostile bid for Rem Offshore
Solstad Offshore in Skudesneshavn in Western Norway has now put around NOK 2.0 billion on the table in a renewed ...
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| APRIL 11, 2007 |
- Oil prices firm after US inventory report
Latest drop means gasoline stocks have plunged 12% in the past nine weeks.
- Back to basics as Fratelli Cosulich marks 150th anniversary
Bunker tankers mark return to shipowning for family firm which aims for larger role in Singapore.
- EMERA & IPBCC raise bunker charges
Review of bunker costs prompt raised surcharges for cargoes from Middle East and Asia to Europe.
- Rotterdam market tight, prices rising
- Singapore prices rebound
Singapore bunker prices maintain slight competitive edge over Malaysia's Port Klang.
- Singapore: UBT moves to new office
- Korean marine fuel imports on the cards
Some refiners, however, maintain that cargo imports for the marine fuel market is 'prohibited'.
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