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| FEBRUARY 15, 2007 |
Shipping News
- Vietnam's Vinashin yard to build supertankers
VIETNAM's largest shipbuilder Vinashin will build two very large crude carriers for state oil group Petrovietnam, the first to be built in Vietnam, a company source said.
- IOC unit to sell bunker on Asia-Europe trade route
LANKA IOC Ltd, a unit of India's largest refiner, plans to refuel ships off the western coast of Sri Lanka, tapping the world's third busiest trade route.
- China Merchants to invest in Tianjin terminal project
CHINA Merchants Holdings Co Ltd plans to invest in its state parent's US$400 million container terminal project in Tianjin, joining Singapore's PSA International in helping develop the northern city into a major port of call.
- S'pore Jan bunker sales down 15%
- M'sia ship industry exports reach RM3.3b in 2006
- Omega to buy two tankers from STX for US$129m
- Samsung Heavy to book ship order in won
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| FEBRUARY 15, 2007 |
- NYK sees net income drop 36pc over first nine months
- MSC, Hanjin, CMA CGM to set up shop at Dongjiang bonded port area
- Maersk denies shipping garbage to China
- AADA to drop PSS for Asia-Australia shipments
- SAS fears stiffer competition, fuel prices in 2007
- ECS/Globe Air Cargo stretches its wings to Dubai
- FedEx deploys new hand-held radio device
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| FEBRUARY 15, 2007 |
- Freight Express International strikes Gold for quality & excellence
- Global container shipping projected to grow by 10 pc
- NYK Group to recruit more Indian seafarers
- Maritime Practice flips over to 4th edition
- Wheat exports banned
- Hearty 83 pc jump in black pepper exports to US
- First cruiser arrives at Vizag Port
- CONCOR ties up with TCIL to provide door-to-door services
- Air India sees lucrative biz in airfreight market
- Move to attract investments in warehousing
- Project cost of rail freight corridor lowered
- Steel industry fears misuse of duty-free import authorisation scheme
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
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| FEBRUARY 15, 2007 |
- Intermarine names Andre Grikitis as president
- Port of Gothenburg achieved record levels in 2006
- Vancouver airport cuts fees
- German state railways to expand into Poland’s rail freight market
- Prologis buys competitor Parkridge
- CER plans first pan-European telematic interface for rail freight
- Electronic container exchange for trans-Siberian container traffic
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| FEBRUARY 14, 2007 |
- Baco line crew freed
- Epic orders ro-pax trio
- Eitzen buys Mosvold Chemical
- Weaker Q4 but strong year for Knightsbridge
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| FEBRUARY 14, 2007 |
- Another troubling report on Deepwater
- Britain to ban smoking on ships
- ACL buys twenty towboats from McKinney
- Yantai Raffles inks $300 million LOI
- Samsung Heavy Industries books $400 million FPSO order
- $43.2 million Navy award for Electric Boat
- Excel Maritime sponsors "blank check" company
- Donjon salvages dinner cruiser
- ACL persuades more shippers to use barges
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| FEBRUARY 14, 2007 |
- Port of Vancouver, USA Oks funds for rail project
- Corps search finds no sign of crab pots in Chetco River channel
- Washington State Ferries fares in line for four percent increase
- Seattle Port Commissioners hire investigations firm
- Port of Everett launches new Internet web site
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| FEBRUARY 15, 2007 |
- Total defends immunity plea in Erika trial
GROUP chairman Thierry Desmarest defends the company's decision to ask court to drop charges against it.
- Erika court rules against Rina bid for immunity
- Jailed Trafigura bosses to be freed
THREE employees from the company that chartered the Probo Koala are released from prison following a E145m payout to the Ivory Coast government.
- Britain seeks smoking ban in territorial waters
DEPARTMENT for Transportation propose total ban on smoking on merchant and shipping vessels of all flags in UK territorial waters and inland waterways.
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| FEBRUARY 14, 2007 |
- CNR strike update
A NATION-WIDE strike by Canadian National Railway staff is expected to continue until at least 19 February, while grain ships queue at Vancouver and Prince Rupert
- NY salvors challenged by severe cold
SALVORS from Donjon Marine are working in snow and frigid surface temperatures while divers are braving 10 deg C waters to raise a dinner cruise vessel
- Nordic American shrugs off 4Q fall
NORDIC American Tanker Shipping has reported a fall in final quarter 2006 net profit, but the figure for the full year comfortably exceeded that of 2005
- US exports surge
US exports jumped 14% in 2006 and scored a monthly record in December, yet America’s trade gap continues to widen on ever-growing petroleum imports
- Scottish minister blasts EC policy
SCOTTISH transport minister Tavish Scott has blasted the EC transport policy, calling the rules relating to competitive ferry service tendering a basket case
- Canadian report blasts Coast Guard
- Nine seafarers lost off Japan coast
- Erika Day 3: Total's embarrassing memo
- Trafigura pays $200M to free Dauphin
- Donbas deal unlikely for Gdynia
- Knightsbridge warns of softening
- PIL breaks into trans-Pacific
- Ro-ro suspected of sinking fisher
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| FEBRUARY 14, 2007 |
- Hapag-Lloyd discussing sale of Montreal terminal
While acknowledging the talks, the company denied a report that it named Macquarie as a bidder.
- COAC wants to emphasize trade facilitation
- Rail strike hampers Vancouver box backlog
- WCO urges traders to support security framework
- Jaxport names Peek to marketing post
- New name for Evergreen North America agency
- DHL sets China spending
- ACL doubles Gulf fleet
- Air France-KLM cargo slides
- Martial law shuts bauxite port
- Descartes adds e-filing for Canada truck shipments
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| FEBRUARY 14, 2007 |
- China Merchants to invest in Tianjin project
China Merchants Holdings (International) Co. Ltd. is to invest in China Merchants Group’s over RMB3bn (US$387.05m) container terminal project at Tianjin, along with PSA International, Reuters reports.
- Shipowners awaiting their plate of Pork after Chinese New Year
- JN Port considers ceasing night navigation, prompting trade volume fears
- Wan Hai to launch Japan/China service
- New wage agreed for Indonesian seafarers under Dutch flag
- Kolkata-Nepal container rail movement resumes, after 3-week suspension
- N.Eur feeder-carriers report congestion ruining their journeys
- Canadian National Railway strike enters fifth day
- New Dutch Cabinet names transport minister
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| FEBRUARY 14, 2007 |
- B+H OBOs hopes dashed
Eitzen sells trio of combinaton carriers targeted by Hudner group to a higher bidder, market sources suggest.
- Oaktree reaps $129m
Private investor sells 4.2m Genco shares at $30.73 and bulker share manages to firm after announcement.
- Diana selling capesize
New York-listed owner offloading Pantelis SP to Lykiardopulo for $81m.
- Dahlman swats NATS
New York bank downgrades suezmax owner to 'hold' as Nordic American share takes a tumble on Wall Street.
- Hanjin widow to join board
Choi Eun-young, wife of late chairman Cho Soo-ho, to be director of Korean boxship giant.
- Not so easy peasy
Greek bulker with 40,000 tonnes of peas finally sets sail for India after grounding in Canada last September.
- Nine missing off Japan
Two recovered from sunken South Korean vessel but race on to find remaining crew.
- NAT stays strong
Suezmax owner Nordic American Tanker revelled in good freight markets last year as profits rose.
- Yantai shy on JCE order
Singapore shipyard Yantai Raffles remains mum on news of $300m two-ship order by Swedish group.
- Orsova on the up
Central Romanian shipyard keeps a lid on costs as revenues and profits rise.
- Finnlines feeling fine
Grimaldi takeover target pushes up profit numbers for 2006 after second half recovery.
- Master blamed for Fesco grounding
Captain of Kapitan Artyukh boxship violated navigation rules, investigation finds.
- Cochin suffers blaze
Roof blown off welding shed at Indian yard after fire breaks out.
- Down in the fourth
Higher voyage expenses see Eitzen Chemical’s earnings dip in final quarter last year.
- Eitzen Chem adds Mosvold four
Axel Eitzen’s newly spun-off tanker company builds 119-ship fleet with Marnavi-chartered vessels.
- Samsung grabs BP $400m order
Korean yard to receive 58% of contract value in won for single FPSO unit for British oil major.
- Knightsbridge numbers tumble
Fourth quarter profits slide 40% at Frontline-managed VLCC operator as weaker rates cut revenue.
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| FEBRUARY 14, 2007 |
- OOCL receives 5,888-TEU ship
- NYK to partner with new Singapore cargo airline Jett8
- Volga-Dnepr’s maiden U.S. call with quieter IL-76 freighter
- Unisys upgrading air cargo management system
- Hawaiian Airlines appoints operations exec
- Norfolk Southern declares force majeure in Midwest due to snowstorm
- COAC set to weigh in on mandatory “10+2” trade data
- Expeditors’ 4th-quarter profit slips 16%, Alger retiring
- Port of Conakry closed as Guinea in state of siege
- Descartes adds new ground transport service to Canada
- Bay Area wine importer shifts to automated logistics solution
- Rubbermaid signs 10-year California lease
- Freightgate hires Matyas
- Hutchison to develop Vietnam container terminal
- PSA eyeing Panama terminal
- Long Beach LNG terminal project heads to court
- Dunkirk’s cargo up 3% in January
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| FEBRUARY 14, 2007 |
- Green Reefers’ operating results down last year
Bergen based Green Reefers’ operating results for last year was down to USD 16.2 million from USD 25.7 million a ...
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| FEBRUARY 14, 2007 |
- Oil market shrugs of US inventory draws
Expectations of warmer weather eases supply concerns despite DOE report showing high demand and fall in stocks.
- Rotterdam market stable at midday
- Chemoil prepares for shopping spree
Chemoil's board proposes acquisition of six corporations, including Singapore's Helios Terminal and vessel owners.
- Outgoing IBIA chairman backs residual fuels
Gregory predicts that by 2010, 50% of newbuilds will have scrubbers.
- Crude prices rally on oil demand report
Latest monthly report by the IEA suggests a rise in global oil demand this year.
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