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| SEPTEMBER 13, 2007 |
Shipping News
- Titan's new yard able to hold largest ships
SINGAPORE'S position as the world's busiest port and ship-repair centre is under almost immediate threat from China which recently overtook Germany as the world's third largest economy.
- Global Sante Fe orders US$740m drillship
GlobalSantaFe Corp, the offshore oil and gas driller being acquired by Transocean Inc for US$17 billion, ordered an ultra-deepwater drillship for US$740 million to capitalise on increasing demand from producers.
- Are derivatives plays driving freight rates?
Speculative buying of ocean freight derivatives may be behind some of the spectacular price rise seen for hauling dry commodities, but industry sources doubt big futures plays are driving sea freight to fresh peaks.
- Gen Dynamics shortlisted for Canada Navy C$1.1b ship bid
- Goldenport H1 profit jumps 49% to US$32m
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| SEPTEMBER 13, 2007 |
- Cosco to charter eight 13,100-TEU newbuilds from Seaspan
- Ningbo-Zhoushan volume up 36pc at 6 million TEU to September
- Samsung Heavy lands US$1.3 billion deal for five box ships, oil platform
- Port of Tianjin expands navigation channel
- Northeast China rail handles 7.8pc more cargo in first 8 months
- ProLogis, Dalian Port to develop JV logistics park in Shenyang
- Mac-Nels Line to launch direct service to Tasmania
- Dallas to make Panama Canal expansion work for its prosperity
- Kuehne + Nagel to provide supply chain solutions for Redline
- Hactl's August throughput rises 8.4pc to 228,077 tonnes
- Burma's Air Bagan launches Rangoon-Singapore service
- Qatar Airways signs IT deal in Hong Kong with OAG Cargo
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| SEPTEMBER 13, 2007 |
- Tripartite meet soon to resolve issues with shipping lines, says Radhakrishnan
- Shreyas Shipping seeks more buyouts in logistics & warehousing sectors
- SC allows dismantling of Blue Lady
- 29 pc rise in spices exports
- TPT draws up major capacity expansion plan
- BPCL SPM slated for commissioning in November
- Logistics parks on Railway Ministry's horizon
- Parliament passes carriage by road bill
- Rly freight earnings up by 10 pc in April-Aug.
- Blue Dart launches Surfaceline
- Richard F. Celeste appointed advisor to USIBC
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| SEPTEMBER 12, 2007 |
- Horizon Lines reorganises top management
- Takeover bidding sends ICG into first-half loss
- AirBridgeCargo to launch Amsterdam-Tel Aviv-Moscow service
- Croatia: Croatian Railways get no bidders
- Basel to host St Gallen University's logistics service congress
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| SEPTEMBER 12, 2007 |
- New report highlights costs of Annex VI
- GL passes 70m gt mark
- LR rebrands in Greece
- Panama set for major dredging project
- Callisto Cosulich
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| SEPTEMBER 12, 2007 |
- Hawaii Superferry set to resume service to Kauai
- Algoma Central orders products tankers in China
- Boustead Penang Shipyard books OSV contracts
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| SEPTEMBER 12, 2007 |
- Port of Vancouver, USA Commissioners Ok property deal, rail expansion work
- Panama Canal seeks proposals for entrance dredging project
- Crowley making investments to cut Caribbean fleet emissions
- Seattle port board backs Proposition 1
- Port of Tacoma taps Dickerson as senior contract administrator
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| SEPTEMBER 12, 2007 |
- Gazprom on prowl for LNG vessels
RUSSIAN gas giant to call tender for up to 20 carriers to support Shtokman project.
- Gazprom set for foray into US LNG market
- Boxship orderbook has reached 'disturbing level'
INVESTMENT bank Dresdner Kleinwort issues warning, soon after Seapsan's and Zim's recent mega ship orders.
- Rickmers Maritime adds four boxships
SINGAPORE-based Rickmers Maritime takes over newbuild quartet from parent Rickmers Group.
- Problems plague Iraq's port plans
IRAQ'S's government needs to prove itself before it can access a $400m loan.
- Paying to stay safe
GETTING ship operators to pay a voluntary fee to boost safety in international waterways is easier said than done.
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| SEPTEMBER 12, 2007 |
- OPEC move brings relief to tankers
Opec's quota increase should stimulate fixtures in 4Q07 after a "very weak" 3Q07, says Dahlman Rose analyst Omar Nokta
- MarAd exorcises 100th ghost
AN ageing Victory Ship that had been moored at Beaumont, Texas has become the 100th ghost ship to be banished from the Maritime Administration-operated reserve fleet
- US unions cut deals on LNG crews
NOW that several companies vying to provide LNG services in the US have agreed to use American crews, unions have followed suit in cutting deals with the firms
- Bangladesh ship catches fire again
Bangladesh Shipping Corporation's oil tanker Banglar Shourabh caught fire at the Chittagong Dry Dock on Tuesday afternoon
- NCL lets cruise ship option lapse
AKER Yards confirms that the option for Norwegian Cruise Line's third 'F3' post-Panamax newbuild has expired without being exercised
- SCI seeks partners to buy shipyard
SHIPPING Corp of India has decided to foray into shipbuilding, opening talks with foreign shipyards for a joint venture in India
- Hawaii fears ferry ruling fallout
- Tiong Woon needs to grow new arm
- Eitzen to use Orion for growth plan
- STX to raise $630M in Korea IPO
- Japan, China not welcome in strait
- Wunma inquiry told of class change
- Singapore owner buys Chinese yard
- Rickmers expands box fleet
- Market questions OPEC output surge
- DFDS goes on acquisition warpath
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| SEPTEMBER 12, 2007 |
- Canadian National ready for opening of Fairview terminal at Prince Rupert port
New box port in northern British Columbia will funnel container traffic to U.S. via Chicago and Memphis hubs.
- Fredriksen raises TUI stake
- Exports trim U.S. trade gap
- U.S., China in quality pact
- Rickmers buys box ships
- New Montreal port CEO
- CCNI opens China-India route
- Port of Vancouver, Wash., approves rail project
- MC Shipping deal done
- Tuticorin plans expansion
- Lufthansa volume up 2.5%
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| SEPTEMBER 12, 2007 |
- PSA orders more cranes
- Rotterdam breaks even
- Meratus deploys new containership
- Transfennica to launch Zeebrugge/Bilbao service
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| SEPTEMBER 12, 2007 |
- Marine losers?
Hull insurers worry about crewing crisis and claims while offshore energy rivals are in the money.
- Hyundai stock jump probed
Hyundai Merchant Marine asks regulators to investigate possible stock manipulation.
- Diana could buy ships
Bear Stearns analyst says Diana Shipping's public offering announcement could net two to three capesizes.
- Brazil puts up $327.5m for ships
Owner Log-In Logistica Intermodal gets government loan to pay for five containership newbuildings.
- Diana Shipping offers shares
Athens-based bulker owner to offer 10 million shares, although company is mum about the reason.
- Tax scrap continues in Norway
Solvang and Farstad latest owners to criticise government's new proposed tax regime.
- Gazprom to tender LNG ships
Russian company reportedly to tender 20 LNG carriers for the Shtokman field.
- A tale of two Capitals
Evangelos Marinakis' newly listed tanker outfit Capital Product Partners buys unit from parent Capital Maritime.
- Hornbeck lawsuit dropped
Plaintiffs in securities cases pull out of federal lawsuit against Hornbeck Offshore Services.
- HHM pays up in settlement
South Korean owner Hyundai Merchant Marine reaches agreement with US regulators to pay $680,000 for alleged Shipping Act violations.
- Rickmers buys Rickmers four
Rickmers Maritime makes four additions to its fleet with resale purchase from parent.
- Fredriksen ups TUI stake
Norwegian owner ups shareholding in parent of liner company Hapag-Lloyd to over 5%.
- Petra Perdana pens more
Malaysian owner inks another quartet of work barges and buys second-hand AHTS.
- Attica mum on purchases
Greek owner not giving much away about two ro-ros it has bought for EUR 30.4m in total.
- Boustead builds two
Malaysian shipyard group announces deals with domestic owners for AHTS and well-testing vessel.
- Star ship enterprise?
DS Orion falls to Norwegian hunter Camillo Eitzen, but is shipowning return written in the stars for Dane?
- Shreyas ready for action
Indian feedership owner's boss Anil Devli reveals sizeable pot of cash for more acquisitions.
- Dockwise wins US charter
Heavy-lift owner will provide a ship for operational tests run by Military Sealift Command.
- Kaspar mulls ferry question
Azerbaijan's national owner considers order for up to four new ships, possibly in Croatia.
- Smit takes the plunge
Dutch salvage and shipping group buys remote-operated-vehicle specialist GB Diving.
- DFDS talks strategy
Danish owner puts thinking cap on and shakes up shipping operations to secure future market share.
- NCL says no
Star Cruises' unit not going ahead with third 150,000-gt cruiseship at Aker Yards in France.
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| SEPTEMBER 12, 2007 |
- Giuseppe Bottiglieri orders two more post-Panamax bulk carriers
- ESPMC-WITASS lines increasing Guayaquil THC
- St. Lawrence Seaway cargo down 14%
- Britain struck by new foot-and-mouth case
- Chiquita executives avoid charges in Colombia terrorist protection case
- Former NIT League Chairman Barr dead at 57
- Borders to close Ohio DC, shift work to Calif., Pa., Tenn.
- Sharper Image faces sales slump, to close East Coast DC
- OTS Logistics Group acquires U.K.-based Ocean Express
- Panama Canal Authority requests bids for Pacific entrance dredging
- New York terminals raising charges
- Tampa moving forward with container terminal expansion
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| SEPTEMBER 12, 2007 |
- NSA to test legality of tax proposal
The legality of the Norwegian government's new tax proposal is to be tested by top lawyers engaged by the Norwegian ...
- BW Shipping assess CO2 tanker design
BW Shipping tries to design a carbon dioxide (CO2) tanker to transport the gas from were it is produced to ...
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| SEPTEMBER 12, 2007 |
- Warning on distillate fuel switch cost
Billions of dollars and CO2 penalty for wholesale conversion away from fuel oil bunkers.
- Confidence holds in dry-bulk sector
Freight rates double last year's levels.
- Insurer warns of rise in 'dubious spill claims'
P&I Club renews attack on European Union's approach to oil pollution at sea.
- Titan looking to enter Hong Kong bunker market
Chief executive says it wants to 'break the mould'.
- Rotterdam bunkers firm in line with crude
- Titan shipyard launches second bunker tanker
Shipyard still has 20 vessels on order to be delivered by 2009; Titan Spirit to head for Singapore.
- Pakistan refiner plans ex-pipe bunkering
Plans are underway to build facilities for ex-pipe bunkering from terminals to jetties.
- New bunker trading firm in Australia
Universal Bunkering takes on staff and business of Braemar Seascope Pty. Ltd.
- ExxonMobil confirms Singapore cracker project
Refiner says new unit will not mean less product for the bunker market.
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