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| SEPTEMBER 14, 2007 |
Shipping News
- Hawaii islands ferry returns to sea
A ferry service grounded for nearly a month because of heated protests and legal challenges over its potential impact on the environment will resume service between the Hawaiian islands of Oahu and Kauai this month with heightened security, the state's governor said.
- Kawasaki Heavy up on earnings
Kawasaki Heavy Industries Ltd, a maker of motorcycles, trains and ships, rose by the most in two weeks after the company said earnings may exceed its forecast.
- Coal trader KIS buys Gujarat jetty
Delhi-based coal trading company Knowledge Investment Services (KIS) has bought a three million tonnes a year coal-discharging jetty in Gujarat on India's west coast, KIS founder Rahul Bhandare told Reuters.
Admiralty Casebook
- Salvor's 'global failure' appeal dismissed
AN AUSTRALIAN court last month dismissed an appeal by a salvage company that wanted up to 20 per cent of the value of a bulk carrier it salvaged. Instead, the court upheld a trial judge's finding that the salvor was entitled to only A$850,000 (S$1 million).
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| SEPTEMBER 14, 2007 |
- Boom in super-sized newbuilds as world trade soars
- China has world's fourth largest vessel fleet
- Work on Qingdao Qianwan Container Terminal fourth phase begins
- Fujian seeks approval to provide intermodal service to central and eastern China
- Qinzhou border trade shoots up 215pc in August
- New Polish terminal attracts CMA CGM and Team Lines
- Arshhiya to develop container freight station at Jawaharlal Nehru Port
- World's first 8,000-TEU vessel turns 10 this month
- Philippines extends tax concessions to Lorenzo Shipping container project
- MASkargo sees growth, but seeks partnerships to raise revenue
- AirbridgeCargo launches Moscow-Tokyo 747 freighter service
- Gulf Air teams up with DHL Express for one year
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| SEPTEMBER 14, 2007 |
- Nominations for Seatrade awards close today
- Regulatory environment, registration procedures to be focus of shipowners' meet in Dubai
- Steep rise in CSL's 2006-07 profit
- UNCTAD lays down code of conduct to streamline global trade
- India, Mexico sign double taxation avoidance pact
- CII signs MoU with Mexican Trade Council
- Wheat to be imported by 3 PSUs
- Unctad advises developing nations not to rush into north-south FTAs
- Baalu averts port workers' strike
- MPT offers rebates in handling charges at WOB & Mooring Dolphins
- Wheat shipment due at Mundra port
- NM Port attracting more iron ore export cargo
- Positra & Okha ports figure in RIL's investment agenda
- Assocham study sees airfreight growth a cut above sea/rail transport
- Road freight rates on uphill route
- Ministry draws up guidelines for states
- Bangalore comes bang on business map
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| SEPTEMBER 13, 2007 |
- Aeroflot Plus names managing director
- Transfennica to open Zeebrugge-Bilbao ro-ro service
- Swiss to launch new Geneva-Bucharest service
- New all-cargo carrier offers China to USA and Europe flights
- Bettembourg-Perpignan ro-mo launched
- Unimar opens Ankara office
- US Senate blocks cross-border trucking programme
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| SEPTEMBER 13, 2007 |
- CCNI's new China-India service
- EC issues competition FAQs
- EC queries Polish tonnage tax
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| SEPTEMBER 13, 2007 |
- Royal Caribbean launches French brand
- California makes grab for Vallejo and Alameda ferries
- DRBA to sell ferry
- F&G selects AVEVA Marine
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| SEPTEMBER 13, 2007 |
- Canceled Horizon flights affect Bellingham Airport
- Bear Stearns finalizes purchase of MC Shipping
- Coast Guard celebrating historic Arctic mission
- Olympia Port Commission Oks Vine Street lease option
- American Commercial Lines raises grain shipment charges
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| SEPTEMBER 13, 2007 |
- Tonnage tax: Oslo doubles the pain
Norway's finance ministry is to double the tax bill for shipping companies already reeling from the double blow of losing the tonnage tax and the demand for back tax
- Blue Lady: the fight goes on
GREEN activists under Indian Platform on Shipbreaking (IPS) have decided to continue the legal fight to disallow dismantling of Norwegian ship Blue Lady
- Unions join owners in against Oslo
THREE Norwegian seafarers' unions have joined the country's ship owners in a barrage of criticism against the government's decision to axe tonnage tax
- Vinashin to take on the world
Vinashin is ramping up its capacity to build its shipbuilding prowess and potential
- Rising volumes, yields lift Viking
VIKING Line, the Finnish cruise ferry company, enjoyed a significant increase in net profit in eight months to 31 July, thanks to both higher volumes and better yields
- Fortress seeks Seacastle IPO
FORTRESS Investment Group is planning to go public with Seacastle, a new umbrella company controlling prodigious container and intermodal assets
- USCG outlines refuge policy
- RCCL launches French brand
- Stacking hazard: every ship at risk
- Now Poland's tonnage tax threatened
- Insurers warn against protectionism
- Surprise hurricane shuts refineries
- Cochin quadruples profit
- Muslim world slows down for Ramadan
- GNV takes off for Tangier
- Fredriksen ups the ante in TUI
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| SEPTEMBER 13, 2007 |
- Humberto forces ship channels to close
Shipping resumes gradually after rapidly forming storm slams into Texas Gulf Coast.
- PierPass tightens registration rules
- Coast Guard investigates sinking of barges in Hudson
- Hub unit agrees to buy drayage company
- EU investigates Deutsche Post subsidies
- Rail traffic continues downward spiral
- Brazil seeks WTO probe of U.S. farm subsidies
- Hyundai starts Hamburg-Poland express rail service
- Vietnam terminal orders more Kalmar cranes
- Mumbai boxes decline
- Foreign investment up 12.8 percent in China
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| SEPTEMBER 13, 2007 |
- EC issues draft competition guidelines
- CCNI expands between Far East and India
- Fredriksen increases stake in Tui
- Prince Rupert terminal open for business
- Successor named to Taddeo at Port of Montreal
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| SEPTEMBER 13, 2007 |
- TBS takes handysize
Tweendecker specialist pays $32m for charter-free Gebe Oldendorff.
- UK boxship changes urged
British MAIB issues recommendations after probe of feedership accident.
- Metalnave eyeing gas deal
Brazilian company's Estaleiro Itajai shipyard reportedly in negotiations with Transpetro to build gas carriers.
- ACL clamps down on delays
Barge and shipyard owner American Commercial Lines raises fees to keep grain barges moving.
- RCCL cruises into France
New European venture for Richard Fain's company to launch next May from Marseille.
- Diana eying expansion
SEC filing signals that Greek owner may purchase vessels or shipowning companies.
- GE lets another oldie go
Indian owner continues single-huller sell off with mystery owner taking 1986-built aframax.
- Vinashin seeks insurance
State shipbuilder and HSBC tipped to buy into Vietnam's biggest insurer Bao Viet.
- China keeps nose ahead
Chinese yards stay ahead of Korea in first half, after finally seizing global newbuild lead in first quarter.
- Olsen bags big rig gain
Opportunistic sale of Bulford Dolphin to Indian buyer for $211m also related to security situation in Nigeria.
- EasyCruise adds another
Sir Stelios buys 1981-built ferry but is still pondering newbuilding order.
- Vosco banks IPO cash
Vietnamese owner to go shopping for ships after raising $64m from domestic investors.
- NGO says no
Platform on Shipbreaking reacts with distain to Supreme Court's decision to give Blue Lady break-up go-ahead.
- Transnet to the rescue
Port operator signs vital order for five vessels at Southern African Shipyards.
- Perkins perks up coastal service
Australian owner is reviving link between Townsville and Weipa for first time since 1980s.
- Duo detained in Hong Kong
Formosa boxship on list of shame with inoperable lifeboat engine and other faults.
- Rieber rails against tax plan
Oslo-listed company joins queue of owners having a pop at Norwegian government.
- Fortress unveils IPO
US-based Fortress Investment has revealed plans for a $345m container shipping IPO by its subsidiary Seacastle.
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| SEPTEMBER 13, 2007 |
- Hyundai Merchant stock manipulation probe
- Bear Stearns completes purchase of MC Shipping
- Fredriksen increases stake in Hapag-Lloyd parent
- Diana commences secondary offering
- Wan Hai names two vessels
- American Commercial Lines increases demurrage
- Zim Japan Ltd. Established
- Blue Dart eyeing dedicated cargo space in Indian airports
- Cathay Pacific's cargo up 12% in August
- Senate blocks DOT cross-border program
- West Motor acquires Sanger Trucking
- ACE opens to all trade entities
- ProLogis spending in China continues
- Forwarder: Carriers use preferential rates to learn forwarding business
- Prince Rupert container terminal open on Canadian West Coast
- India maritime executive calls out port progress
- Labor protest shuts Seattle port terminal
- Jurong Port's box volume up
- Manatee County Port Authority approves crane purchase
- G&G Shipping in talks with Port Canaveral
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| SEPTEMBER 13, 2007 |
- Yard's state guarantees doubled to NOK 5 bn
Government money guarantees to banks providing building finance to Norwegian shipyards is to be doubled from NOK 2.5 bllion to ...
- Transatlantic in line for ordering spree
Swedish shipowner Transatlantic is launching a major newbuilding programme. Negotiations with shipbuilders are underway for a five vessel order for ...
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| SEPTEMBER 13, 2007 |
- Port on a roll with 'green' award
Green Port Policy grabs top title for the second year running.
- 'Good avails' despite refinery turnaround
But problems reported despite three majors still quoting.
- No swift end to Fujairah shortages
Cut in Iranian exports 'could last to the end of the year'.
- Oil storage terminal on target for January opening
Chemoil says it remains ready to lease 'excess storage' at Helios terminal to third parties.
- Rotterdam market firm
- High demand despite bullish price
Players in Singapore, Hong Kong and Japan say spot enquiries are up.
- Singapore fuel oil stocks rise
Middle distillate stocks also jump in the week ending September 12.
- AZRB positive on oil and gas business
Latest acquisition gives the Malaysian firm stake in storage and port operator.
- Singapore's bunker sales set new record
MPA releasing August and year-to-date figures.
- Dispelling the fog over Tanjung Bin
In an exclusive interview, KIC chief explains to Bunkerworld the long-standing tussle over the development rights of Malaysia's bunkering island.
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