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| NOVEMBER 12, 2007 |
Shipping News
- Settle contracts in won not dollars, central bank says
The Bank of Korea plans to urge domestic shipbuilders to settle contracts in won and to spread hedging activities over time to curb the currency's gains against the US dollar.
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| NOVEMBER 12, 2007 |
- Hapag-Lloyd moves into profit making from loss making
- Beijing approves Guangzhou's big channel dredging job
- China logistics development brings boom in forklift demand
- Greener ships eclipse Safmarine's retiring 3,000-TEU giants of yesteryear
- Tacoma port workers subjected to background security checks
- Dongning exports to Russia surge 46pc in first nine months
- Air China Cargo ups capacity to Copenhagen, adds Manchester
- Canadian emergency solar airfield lights bought by Singapore
- Kuehne + Nagel contracted Benetton's logistics arm in Taiwan
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| NOVEMBER 12, 2007 |
- SCI, Allcargo Global bag Seatrade Awards 2007
- Garware offshore to acquire barge for $ 25 m
- New quality standards may help raise shrimp exports to EU, US
- Poland eyes Indian investment
- Mundra Port and SEZ IPO subscribed over 115 times
- Kerala corp. to dredge estuary near Puducherry
- Galaxy of maritime fraternity comes together to bid adieu to A.L. Bongirwar
- Commerce Ministry to seek more export sops for employment-intensive sectors
- Rupee rise has benefited India Inc's M&A deals-Assocham
- Garment exporters of Delhi shifting to cheaper locations
- Remittance limit for rough diamond importers raised
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| NOVEMBER 9, 2007 |
- ICS: EC pools guide "needs fine tuning"
- Golden Ocean sells six newbuilds
- US mini cruise liner evacuated
- New Orleans chases insurance cash
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| NOVEMBER 9, 2007 |
- Prosafe wins FDPSO contract
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| NOVEMBER 9, 2007 |
- Washington governor calls for quicker cleanup of Alcoa property
- The New World Alliance boosting coverage of Asia-Europe market
- Washington transport board looking for public ferry input
- Gunderson Rail Services changing name to Greenbrier
- US rail freight traffic comes in up/down for week
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| NOVEMBER 9, 2007 |
- Kerch Strait storms 'claim 10 ships'
SOVIET-era tanker splits in two and spills 2,000 tonnes of fuel oil, two other tankers among multiple casualties.
- PSA Sinport group bags Voltri concession
CONSORTIUM formed by PSA-Sinport, Italian state railways and Cosco wins battle for sixth module of Genoa's flagship box terminal.
- HHI risks losing shipbuilding top spot
RIVAL Samsung Heavy looks set to take top position as orders approach $20bn.
- At the heart of political climate change
THIS week's Queen's speech confirmed that the UK is to press ahead with plans for a Marine Bill.
- How do you solve a problem like success?
DR Stephen Ladyman gives his views on why the UK needs to start a national debate on transport.
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| NOVEMBER 9, 2007 |
- What do emissions do to seafarers?
FAIRPLAY has no reason to doubt the findings of the American Chemical Society's study "Mortality from Ship Emissions: A Global Assessment", which concludes that ship emissions are likely to kill 60,000 people next year ' half of them in Asia
- Dead ship rescued in North Sea
Multraship and URS have rescued the general cargo vessel Eva Danielsen after it got into difficulties off the North Hinder traffic separation zone in the North Sea
- Energy chief warns of LNG shortfall
LNG imports to the US are not keeping pace with demand as the fuel has become the "fast growing source" for the country's natural gas supply
- Petrolift IPO gets green light
PHILIPPINE coastal tanker operator Petrolift is set to go public this December after the Securities and Exchange Commission approved its application for an IPO this week
- Brazil to join oil's big league
PETROBRAS announced yesterday that it had discovered a huge offshore oil field that will make the country a regular exporter of petroleum on an Arabian scale
- Wilson raises Nesskip stake
Wilson, the Bergen-based shortsea operator, has acquired two small ships from German principals and increased its stake in Nesskip in Iceland
- Ships will kill 30,000 Asians in 2008
- Sinotrans braced for share scramble
- Managers buy Kelvin Hughes for £52M
- Gard warns of rising P&I claims
- Fredriksen sells more newbuilds
- HK revives cruise terminal tender
- Ports ride out North Sea storm surge
- Lawyers bonanza from Frisco spill
- Fears grow for missing Indian ship
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| NOVEMBER 9, 2007 |
- Disruptions slam European ports
Rotterdam, Felixstowe recover from storm, but rail strike continues to hamper German ports.
- Schwarzenegger declares emergency in Bay Area crash, oil spill
- UPS announces '08 rate hikes
- NWA upgrades South China Express service
- U.S. trade deficit shrinks
- Customs completes e-manifest installations at land ports
- Seaway traffic slumps
- Transportation bill advances
- Nippon Express profits slide
- Volga-Dnepr posts record revenue
- EU clears Deutsche Bahn's EWS acquisition
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| NOVEMBER 9, 2007 |
- Congestion - What congestion?
Congestion charges are an emotive issue, justified or not; depending on which side of the table you are negotiating from. But imposing a new surcharge in an improving situation, to claw back extra costs incurred during an earlier period, seems unmerited.
- New World Alliance boost for Thamesport
- Logistics is key to a country's competitive strength
- Rotterdam's Maeslant barrier to re-open tonight
- Hapag-Lloyd on the road to recovery
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| NOVEMBER 9, 2007 |
- Constanta powers up
George Bosinceanu reveals at TradeWinds' Greek Shipping Summit that he has tied up an engine deal to keep Histria on an expansion course.
- Mayhem in Kerch Strait
Serious pollution and loss of life feared as laden sea-river tanker breaks up and three other ships sink in violent storms.
- Profits up at Taiheiyo
Japanese owner sees better interim results, but the second half of the year is likely to see a decline.
- Blackout cripples Eva
The multipurpose ship Eva Danielsen is rescued after a power shutdown in the English Channel.
- CSAV goes to the bank
Chilean containership line plans to buy boxships with its new $675 loan.
- Pilot had prior mishaps
Veteran San Francisco Bay pilot on the containership that struck the Bay Bridge had a record of incidents.
- Moo for help
The partial sinking of a long-troubled ro-ro livestock carrier off Venezuela leads to the death of 1,750 heads of cattle.
- Finaval gets green light
Giovanni Fagioli-owned tanker player given permission to go ahead with $60m stock flotation.
- Todd stocks sink
US shipyard's stock plunges after the company reports a loss in its fiscal second quarter.
- MBC adds second Sanko bulker
Cape Town operator to manage another capesize for Japanese owner which holds 20% stake.
- Hutchison in $1bn port pact
Hong Kong ports company to ink deal with KPT which paves the way for Pakistan's first deep-water container port.
- NWA steps it up
New World Alliance boxship trio phasing in eight bigger vessels from Asia to Europe next year.
- Knightsbridge slumps
Net earnings of US-listed tanker owner decline by 47.6% as VLCC rates take a bite out of revenue.
- Vitol still prey to vulture
Oil trader fails in bid to free tanker cargo proceeds from legal freeze.
- Saaremaa wants Swedes
New ferry line from Estonian island to Stockholm aims to tap tourist trade.
- Prosafe to convert VLCC
Norwegian FPSO player wins $400m deal for production unit from Murphy Oil in Africa.
- Storm surge batters Rotterdam
Giant Maeslant barrier closed for the first time as storm surge affects over 50 vessels at the port.
- Body found in ferry hunt
UK coast guard finds man believed to have gone overboard Isle of Wight vessel.
- OSG America to bank $142.5m
Overseas Shipholding Group spin-off announces price of initial offering ahead of New York listing.
- Fredriksen sheds tonnage
Oslo-listed Golden Ocean banks $127m profit from the sale of six panamax newbuildings.
- Sceptical salvor
George Tsavliris reveals at TradeWinds summit that he is yet to be convinced about tanker to bulker conversions.
- Kyoei exceeds expectations
Japanese VLCC owner cards better than expected six month returns but is again reserved in its full-year forecast.
- Donbas gets green light
Ukrainian steel producer wins competition clearance for takeover of Gdansk Shipyard.
- Lauritzen extends gas series
Danish owner adds ships number 11 and 12 to gas carrier orderbook at Sekwang in Korea.
- Wilson bags two more
Oslo-listed bulker owner adds second German brace in as many months.
- Rates buoy TBSI
US tweendecker specialist sees third quarter profits almost triple from a year ago on higher rates.
- Azuma falls back
Higher costs push down first-half profit for Japanese cement carrier and bulker owner.
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| NOVEMBER 9, 2007 |
- British shippers blast FEFC charges
- New World Alliance upgrading Asia/Europe SCX loop
- TBS reports "strongest quarter"
- Bernuth plans increases for San Andres, St. Maarten
- Kuehne + Nagel opens site at Schiphol Airport in Amsterdam
- Congress overrides Bush's veto of waterway bill
- e-Truck manifest now available at all border crossings
- Chinese steel export official defends industry
- Industry groups praise House passage of U.S.-Peru trade pact
- Kuehne + Nagel buying German companies
- Perishables experts seek improvements
- World Bank providing $56 million for Dominican relief
- Expeditors names Gates president, Barber top of global sales
- Norfolk company starts all-water LCL service from Hong Kong
- FMC reviews 11 OTI license applications
- Panama Canal expansion plan will not bend for mega-ships
- S.C.-Ga. port announcement expected today
- ICTSI's 3rd quarter profit up 41%
- Pilot program in Nansha cutting customs inspections
- Ports America sells Lake Charles, La., operations
- Tacoma port officials don't want Seattle's nuclear cargo
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| NOVEMBER 9, 2007 |
- No more passengers on the Sea Wind
Tallink Silja discontinues its passenger service on the train ferry Sea Wind after the turn of the year. The ferry is now sailing between Turku, L'ngn's and Stockholm. From the beginning of 2008 the Sea Wind will also start trading ...
- Norden logs another huge profit on ships sale
D/S "Norden" once again played their cards right in the hot second-hand market for bulk carriers and has reported a profit of USD 39.6 million on the sale of the Nord Viking. The bulk carrier has been ...
- Golden Ocean sells six panamax newbuildings
John Fredriksen controlled owner/operator Golden Ocean sells six panamax newbuildings for USD 352.8 million with delivery to the new owners between March 2009 and July 2010. The vessels were ordered in March this year at Pipavav in India ...
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| NOVEMBER 9, 2007 |
- Calls for more scrubber research
Industry saying that the jury is still out on the benefits of scrubbing.
- Office move for Turkish supplier
- Marine sector to outpace global energy growth
Transport fuels will underpin global oil demand growth to 2030 says ExxonMobil. CO2 emissions could rise by a third.
- New barge delivery service in Brazil
Bunker barge will supply ships at Suape Container Terminal.
- Rotterdam flood defence withstands surge
Worst over after North Sea storm shuts down oil fields, closes link between Rotterdam and the sea.
- Petrobras builds on LSFO supply capacity
New Rotterdam operation already seeing bigger LSFO turnover than Singapore.
- Coast Guard 'failed' to appreciate extent of bunker spill
San Francisco facing worst oil spill for almost 20 years.
- Rotterdam market easing
- ExxonMobil sells cargo into Singapore
90,000 mt of fuel oil parcel slated for Singapore from the Red Sea port of Yanbu.
- OPEC blames speculation for oil rally
Oil cartel calls for a tighter regulation of oil markets.
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