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| FEBRUARY 14, 2007 |
Shipping News
- Cosco Corp hires staff for new rig-building focus
IN preparation for its new offshore rig-building focus, Cosco Corporation Singapore has been hiring experienced technical staff from shipyards in Japan, Korea and Singapore for its China-based shipyard subsidiary.
- Box volumes up 12.2% in Jan at PSA's Singapore terminals
PSA's Singapore terminals and Jurong Port together handled 2.17 million 20-foot standard containers last month, 11 per cent more than in January the previous year.
- Coal ship queue hits record at Aussie port
THE queue of ships waiting to load coal at Newcastle, Australia, the world's biggest coal-export harbour, increased to a record 61, lengthening shipping delays and raising costs for producers and buyers of the fuel.
- Asia freight rates firm on port delays, strong grain harvest
- Storm-battered
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| FEBRUARY 14, 2007 |
- SITC Logistics prepares for major expansion in China
- Port to be built in Vietnam's Quang Ninh province
- Kuehne + Nagel wins Ingenico contract
- US$1b loan from Japan Bank sought to upgrade Philippines shipping
- Malaysian maritime labour lured away by oil industry
- Port of Seattle appoints new deputy seaport division MD
- UAL pays down US$972 towards bankruptcy exit facility
- HK, Macau airfreight forwarders permitted to operate privately in China
- Air cargo imports in Mumbai airport rise 32pc
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- MoS prepares ground to set up maritime university in Chennai
- Garware Offshore inks MoU to represent Havyard of Norway in ship sales, designs
- Conti Lines celebrates 30 years of service in Subcontinent
- Varun Shipping to acquire another AHTS vessel
- Italy sets up Rs 1,700-cr. fund to enter SME sector
- Mumbai Port logs new single-day record in handling of steel products
- Foreign co. may be awarded dredging work at Karaikal port
- Modern, efficient port structure vital to meet booming economy’s ex-im needs-Baalu
- Bidders get time till Feb. 28 to submit EoIs for E. Coast shipyard project
- Kerala CM inaugurates work on Vallarpadam ICTT rail & road connectivity
- GMB revamp to take off soon
- IMC sees industrial ruin in proposed 5-day week
- EEPC seeks extension of DEPB scheme
- Forex reserves swell by $ 995 m
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| FEBRUARY 14, 2007 |
- Ecu-Line names joint CEO's
- Coscon, "K" Line and Hanjin upgrade South China/Middle East express service (SMX)
- Lufthansa lifts airfreighted love testimonials
- Russia lowers Trans-Siberian transit rates
- Gefco opens new logistics platform in Wroclaw, Poland
- Gigaliner: Germany isn't the Netherlands
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| FEBRUARY 13, 2007 |
- EC proposes criminal sanctions for environmental offences
- COSCON, "K" Line and Hanjin upgrade SMX
- GL launches new software
- USCG’s drug haul from cargo ship
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| FEBRUARY 13, 2007 |
- Bill seeks to boost short sea shipping
- McGregor wins Color Line order
- Yeo named Keppel Philippines Marine Chairman
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| FEBRUARY 14, 2007 |
- Erika defendants fail to evade prosecution
ITALIAN classification society RINA and Total oil group fail in separate bids to extricate themselves from prosecution in the Erika trial.
- Shipping in the dock as Erika court case opens
- Row erupts over Taiwan lines share swap deal
CHINESE Maritime Transport claims deal is improper and wants Taiwan’s Financial Supervisory Commission to probe and halt the plan.
- Kidnappers free Baco Liner seafarers
NIGERIAN kidnappers have released the 24 Filipino seamen after holding them captive in for more than three weeks.
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- Panama’s mega port gets competition
PANAMA 13 February – Singapore’s PSA International wants to build a container port at the Pacific entrance of the Panama Canal, Panama's Minister of Trade Alejandro Ferrer has confirmed
- Liberia hands IMO ‘really big’ cheque
LIBERIA handed a particularly large cheque to the IMO last week: a symbolic $3.77M representing its annual assessment dues based on the number of ships in its fleet
- Filipino hostages freed
THE 24-man Filipino crew of German vessel Baco-Liner 2, held hostage in the Niger Delta for three weeks, have been freed, the Philippines government confirmed today
- Rusty people cause spills: UK Club
IT IS 'rusty people, not rusty ships, that cause us problems' said Karl Lumbers, director of loss prevention at the UK P&I Club, yesterday
- Congressional pair float shortsea bill
TWO US congressmen reintroduced legislation yesterday to enhance shortsea shipping on the Great Lakes by cutting repetitive tax levies on cargo
- Aramco concludes support vessel deal
- Profit motive revealed in Ivory Coast scandal
- ESL optimistic after challenging year
- Star enjoys profit jump but cautions on outlook
- CN strike threatens Canadian grain shipments
- Cho's wife may control Hanjin
- Cosco Corp may exit bulk
- Drugs, gun found in Bolivian ship
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| FEBRUARY 13, 2007 |
- PSA proposes Panama container port
The Singaporean terminal operator wants to build a container port in an area of Panama's Pacific Coast.
- TWIC clock ticking for ports
- Company protests Lockheed TWIC contract award
- U.S. trade gap hits $61B
- Alliances to resume South Atlantic all-water service
- French trial opens in Erika tanker disaster
- Maersk buy approved, creates world’s biggest tug company
- Bill would exempt Lakes ferries from Harbor Maintenance Tax
- Suez boxes up 14%
- MTC buys stake in Chilean logistics firm
- EGL seeks buyers
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| FEBRUARY 13, 2007 |
- UK consumer price inflation falls, as consumption constraints ease
The UK’s Office of National Statistics today reported lower Consumer Price Inflation for January, after the recent inflation which many feared would dampen consumption.
- Shipping Minister: Vizhinjam project will come through
The Vizhinjam container transhipment terminal in India’s Kerala state will come through, the Shipping Minister insisted at Cochin, as he inaugurated works on transport links for the Vallarpadam terminal project.
- US trade deficit hit US$763.6bn in 2006
- South Pacific lines swap vessels to counter capacity upgrades
- Tanjung Priok stevedoring back to normal after transport links restored
- Ruling awaited today on legality of CN strike
- Updated: MTC International buys into Chilean logistics
- SMX partners add Abu Dhabi call
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| FEBRUARY 13, 2007 |
- Hire an orphan!
Lars Carlsson shares some offbeat and conventional cures for the crewing crisis with fellow readers of TradeWinds.
- Trafigura three to be freed
Trafigura has paid nearly $200m to spring three execs jailed after the Probo Koala disaster in the Ivory Coast.
- Blank check for Panayotides
Excel Maritime Carriers is putting $11m and some family talent into blank-check IPO vehicle Oceanaut Inc.
- Star stung in US
USCG investigates as "disaffected crew member" on brink of sack alleges malpractice onboard Star Reefers vessel.
- Thin Green line
Green Reefers ASA is reporting razor-thin profits after a quarter of major growth.
- Epic orders Italian ropaxes
Epic Shipping (UK) is ordering three ropaxes, scouting charterers and betting business will grow in the sector.
- New CFO at Norton Lilly
Jim Burton has taken a newly created post as CFO and COO for US port agency group Norton Lilly.
- PacBasin nails re-sales
Hong Kong owner picks up two handysize contracts for 2008/9 delivery while offloading the 12-year-old Oak Harbour.
- Japan nets 22 ships
January port state checks end in detention for Greek bulker and a heap of general cargo tonnage.
- New brown business
US barge line ACL is reporting new success getting loads off the road and onto the river.
- London's burning!
UK capital proves to be red hot for US investment bank Jefferies & Co as it recruits fourth shipping expert.
- Vroon orders car duo
Dutch owner to augment car carrier fleet with two new vessels at Mitsubishi in Japan.
- Asleep on the job
Six Malta Shipyard workers disciplined after snoozing during work hours.
- SSC slips and slides
Fleet reduction and a strong Singapore dollar cut profits again at Asian car carrier.
- Phoenix lands at Bohai
Chinese river-ship player confirms six-vessel bulker deal as it aims to enter international deep-sea trade.
- Star shines
Lower voyage expenses and new EU banana regime help Norway’s Star Reefers to “best results ever”.
- Sydney Ferries spends on upgrade
Australian owner to overhaul 12 vessels after safety record called into question.
- Taps turn at FOE
Norwegian oil rig owner Fred Olsen Energy returns to profit in 2006 as rig demand heats up.
- Japan awaits ship from N Korea
Cambodia-flagged vessel to dock in Niigata from North Korea with Japanese authorities keeping a close eye.
- Acta eyeing Dyvi car carriers
Norwegian investment fund could move for domestic owner's Dyvi Adriatic and Dyvi Baltic.
- Stena volumes inch up
Europe’s largest ferry operator happy with 2006 performance despite decline in two key sectors.
- Chernomorsky pays back-wages
Ukrainian Black Sea shipyard settles with workers and denies sale of big shareholding.
- Coscol falls overall
Late rally not enough to prevent annual profit dropping 10% for Chinese heavy lift and ro-ro owner.
- Odfjell opts for Arabian Gulf
Norwegian owner to have disabled chemical carrier Bow Favour brought to Middle East for repairs.
- HMM feels North effect
Korean owner’s share price boosted by optimism over possible end to neighbouring state’s nuclear programme.
- Genco fixes handymax
Pacific Basin charters Genco Prosperity from Peter Georgiopoulos’ US listed bulker outfit.
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| FEBRUARY 13, 2007 |
- Vietnam Shipping Lines starts service to Hong Kong
- CCNI moves Condor to Marin
- Abu Dhabi added to SMX service
- New MSC containership collides with French trawler
- Two accidents on lower Mississippi
- Coastlink to stage conference in Nantes, France
- Shanghai Airlines to start new China/U.S. cargo services
- Singapore Airlines’ cargo operating profit slumps 46%
- Dallas Fort Worth international air cargo up 13% in 2006
- Stockholders OK RailAmerica takeover
- Va. delays Heartland intermodal site selection
- Kansas City Southern promotes Evans, Franko
- EGL special committee still examining options
- NRS breaks ground at Savannah distribution facility
- Bibby’s de Pencier to take over FTA helm
- AAPA makes another pitch for more port security grants
- Panama signs up for CSI
- Mexican port project rejected by local Baja government
- Port of Vancouver USA to pay for waterfront purchases with levy tax
- MTC International buys stake in Chilean logistics company
- Lutes joins Port of Seattle
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| FEBRUARY 13, 2007 |
- Fantaasia stays in the Mediterenean
AS Tallink group has signed a deal to charter out the Fantaasia to Algérie Ferries from May to October, with ...
- Third coast guard vessel ordered by Remøy
Remøy Management has ordered a third coast guard vessel at Myklebust Verft (part of Kleven Maritime) at NOK 25 million ...
- Aker Kvaerner orderbook at nearly NOK 60 bn
Aker Kvaerner had an order backlog worth NOK 59.7 billion by the end of 2006, up 23 per cent on ...
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| FEBRUARY 13, 2007 |
- US gasoline policy could aid switch to distillates
Reduction in gasoline consumption could provide marine industry with distillates to replace fuel oil says Viswa Lab founder.
- Bunker Holdings expands in Kerch area
Additional barge means operations in both Russian and Ukrainian territorial waters.
- Owners warned to heed MARPOL requirements
Increasing pressure on owners to curb marine pollution or face the consequences.
- Rotterdam market very quiet
- Singapore posts strong January bunker sales
January bunker sales at more than two million mt, but down 15% month-on-month.
- Singapore fuel shortage easing
Bunker quotes may be limited this Friday as most Singapore bunker firms operating half-day.
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