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| MAY 15, 2007 |
Shipping News
- Transpacific carriers, shippers meeting to resolve differences
CONTAINER shipping carriers operating on the transpacific trade have said they will meet Asia-US shippers for two meetings after an unprecedented first meeting last year for the two groups to try to resolve differences.
- Pakistan develops huge deep sea port
BY the azure waters of the Arabian Sea, a remote Pakistani fishing town is being transformed into a massive deep sea port to cash in on the inexorable rise of the Chinese economy.
- S'pore port's April box volume up 13%
SINGAPORE's port operators, including PSA International Pte, handled 13 per cent more containers last month in the world's busiest port, helped by growing trade.
- Johor port to boost India-M'sia trade
- Asia-Pac navies to boost maritime defences
- China ship delayed report of crash: Seoul
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| MAY 15, 2007 |
- WTSA to raise `protein' rates on US-Asia shipments
- Zim to join Transpacific Stabilisation Agreement
- EPCglobal Hong Kong completes EPC/RFID pilot for GSL
- Panalpina's Q1 profits rise 109pc driven by high global demand
- TT Club sees accidents rise as congestion builds and rich world prevents port growth
- Port of Tacoma selected for Intermodal Radiation Detection Centre
- US regulators clear Atlas for DHL-Polar Air tie-up
- Hactl and SkyTeam Cargo renew ground-handling agreement
- Sichuan starts Yichang service to Wenzhou, Jinan
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| MAY 15, 2007 |
- Globelink WW India completes seven years of successful operations
- GE Shipping sets up offshore arm in Singapore
- MoS proposes 2 more waterways
- Evergreen Line uses Trieste port to reach S. Germany
- Very large boxships growth projected at 13 pc a year
- Maersk Line adds China-Spain route
- Panalpina makes a strong beginning in 2007
- Samudera Shipping’s Q1 profit spurts by 19 pc to $ 5.3 m
- Dredgers clear way for Maersk Dartmouth at Ilichevsk Port
- Advance International manages shipments for world’s largest methanol plant
- Schenker & BAX Global merge in Singapore
- OOCL Logistics launches improved website
- NYK Line to deploy 38 boxships with alternative power system
- New agent boosts Famous Pacific Shipping’s presence in Turkey
- Cosco box volume, revenue up in Q1
- APL Logistics handles Marks & Spencer’s in S. Asia, N. Africa & Europe
- Pakistan poised to import cotton through Wagah border
- HPPL signs pact with PSA to develop box terminal at Hazira
- 3 quay cranes at box terminals may be made compulsory
- Pearl Hospitality’s new venture offers JNP users a facility to unwind
- S. R. Kulkarni leaves for Tokyo
- ASM software offers Customs warehousing functionality
- CWC’s ICD-Loni to commence daily container train services to JNP soon
- Warehouses near railway stations planned
- Industrial growth up by 11.3 per cent in 2006-07
- Finance Bill gets Presidential seal
- 48 service tax circulars withdrawn
- Apex chambers’ roles, memberships undergo sea change
- Foreign Trade Policy Analysis: Current Trends-By M. Sreedharan
- B2B Indo-Korean trade meet today
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| MAY 14, 2007 |
- New KN board members
- Panama Canal Authority issues tender
- Low baht depresses Thai Airways profit
- Transfracht expanding AlbatrosExpress service
- KN expanding in the Asia-Pacific region
- South Korea wants Siberian rail links
- TOC 2007 Europe, Istanbul, 19-21 June
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| MAY 14, 2007 |
- Braemar Seascope's good year
- SAFEDOR "to help establish new rules"
- New World, CMA-CGN in new service
- Stronger Q1 for Eitzen Chemical
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| MAY 14, 2007 |
- Hercules Offshore halts some Nigerian liftboat operations
- Empress of the North runs aground
- Seaspan inks $1.06 billion of box ship contracts
- STX Pan Ocean orders handy size bulkers from China
- MacGregor adds to offshore services
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| MAY 14, 2007 |
- Roger Allen named to Longview port board
- Zim announces plans to become TSA member
- Port of Seattle web site now offers Sea-Tac flight info
- WTSA member carriers eye 'protein' rate increases
- MOL opens VLCC simulator at Montenegro training facility
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| MAY 14, 2007 |
- Grounded Empress of the North freed
CRUISESHIP now underway using its own power at five knots after successful evacuation.
- NOL suffers as profits plunge
FIRST quarter profit tumbles by 64% as container line is hit by falling freight rates.
- Zachello splashes out on tankers and bulkers
ORDER spree worth $600m part of move to exploit emerging opportunities in Asian markets.
- Stranger than fiction: the critters that offer a challenge to science
A VAST majority of shipping still exchange ballast at sea, although this is inefficient and sometimes downright dangerous.
- Pious hopes and practice
IF schemes to promote shortsea shipping in Europe are to really work, they must be a lot better financed than they are today.
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| MAY 14, 2007 |
- APL earnings plummet 64 percent
Parent NOL said weaker rates hurt pre-tax earnings for the liner business, which totaled $41 million, off 67 percent from the year-ago quarter.
- Retailer Target sues U.S. over duty discrimination
- TSA to meet with shippers
- Bidding war for EGL
- Lines hike protein rates
- Cosco to call Prince Rupert
- Florida highways reopen after wildfire smoke clears
- Halifax port, Suez Canal partner
- Swift net plunges as founder completes buyout
- BA mulls Iberia merger
- Truckers strike at Cochin
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| MAY 14, 2007 |
- Prince Rupert secures Coscon
- Hapag-Lloyd still sinking
- New box terminal planned for Galveston's Pelican island
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| MAY 14, 2007 |
- Multiyear cover rejected
Top underwriter Richard Turner tells the TradeWinds Marine Risk Forum why he can’t offer the long term insurance policies that shipowners want.
- All safe in Alaska
Nearly 250 passengers evacuated safely from grounded cruise vessel Empress.
- Well grounded
This is the third time the Empress of the North has grounded since its delivery in 2003, report says.
- Cruiseship grounds off Alaska
Passengers and crew being evacuated after Majestic America Line vessel hits reef.
- Expenses bother B+H
US tanker owner's rising revenue cancelled out by operating costs in first quarter.
- NAT on course
Profit improves in first quarter for US-listed suezmax owner, with second quarter looking solid.
- China factor drives STX
South Korean owner sees first-quarter profit soar as dry-bulk rates increase, but loses out on FFAs.
- OMI gets US clearance
Federal Trade Commission has found no antitrust grounds to prevent Teekay/Torm's $2.2bn buy of Stamford company from going forward.
- STX takes three in China
Korean bulker owner not naming size of units it signed for at Taizhou Maple Leaf with a further option.
- Hanjin racks up heavy profit
Korean shipbuilder almost trebles first-quarter earnings as boxship prices rise.
- NOL knocked
Continued poor freight rates send quarterly profit plummeting at Neptune Orient Line despite revenue rise.
- Aboitiz taps box market
Philippine ferry owner forms joint venture with Maersk units to carry containers.
- Ship sinks, 16 missing off China
South Korean vessel goes under after collision with Chinese boxship outside port of Yantai.
- Western on the march
Lithuanian ferry builder doubles profit for 2006 from slightly bigger revenues.
- Cruise axed over safety fears
Problems with a propulsion motor force Carnival to cancel two week cruise from UK with 2,000 sent home.
- Tokai nearing profit
Japanese ferry owner Tokai Kisen almost reaches breakeven in the first quarter as revenues fall.
- HMM plans new US route
Korean owner teaming up with CMA CGM to run eight boxships to east coast.
- Rates set to slide
New underwriting capacity is putting hull rates under pressure according to Willis’ Richard Close-Smith
- Skuld claims concern
Norwegian P&I club is doing well but Douglas Jacobsohn remains concerned about casualty upturn.
- Azuma on the rise
Japanese bulker player pushes up annual profit and expects to repeat the trick in current year.
- Revenues flood in at Suez
Another monthly record at Egyptian canal as increased number of vessels pays higher transit fees.
- Double digit rate hikes
Marsh P&I chief Jerry Westmore warns that record pool claims will mean big premium general increases.
- Naikai nets more
Japanese yard’s annual profit rises despite drop in revenues.
- Bridge blunders increasing
Rising toll of costly collisions and groundings worry Tore Forsmo of Cefor.
- Bigger not much better
Expanded Eitzen Chemical posts huge jump in first quarter revenues, but costs eat profit away.
- Weak start at RCL
Weaker rates, dollar and cargo makeup hurt Thai intra-Asian operator Regional Container Lines.
- Staying out of jail
Ken Olsen tells TradeWinds Marine Risk Forum how to avoid a run in with the US Coast Guard the next time your ship visits the States.
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| MAY 14, 2007 |
- Zim joins TSA, which will hold two shipper meetings in June
- APL's 1st quarter earnings down 67%
- WTSA to raise rates on "protein" cargo
- TACA increases bunker surcharge
- Containers wash overboard, creating plastic foam spill
- Hamburg Sud Venezuela promotes Castillo
- Cathay, Dragonair cargo down 1.7% in April
- DHS to test intermodal nuke detection options at Tacoma
- NationaLease hires Oetjen
- Both EGL suitors increase offers
- Alabama will be home for new steel mill
- Ex-Geest executives start Ge-eX Logistics
- President Bush's pick for BIS chief completes confirmation hearing
- Agility buying South Chinese ocean forwarder
- Kuehne + Nagel opens Yokohama office
- Ortega refuses Grand Inter-Oceanic Nicaragua Canal
- PSA, Afken win 36-year Mersin Port concession
- Port of Charleston signs deal with Mediterranean Shipping
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| MAY 14, 2007 |
- Danish owner lost DOC/ISM certificates
Danish coaster owner H. Folmer & Co of Copenhagen is the first shipowner to have its ISM/DOC company certificate withdrawn ...
- Maersk names the first of nine rigs from Singapore
Maersk Contractors has named the first of nine drilling rigs presently under construction at Singapore. The first was "hull’ no ...
- Large claims hit the global marine hull market
Big claims in the global marine hull market could reach over USD 600 million this year, against USD 350 million ...
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| MAY 14, 2007 |
- Strait of Gibraltar bunker market set to grow
Sales of bunker fuel in Algeciras, Ceuta and Gibraltar could reach 10 million metric tonnes by 2015.
- Improved freight rates offset by bunker gains
Q1 market conditions improved for chemical tanker operator, cost increases eat away at possible profit growth.
- ARACON 2007: Final week for delegate prize draw
Share your views for a chance to win free delegate pass to Amsterdam bunker event.
- Fuel quality 'key' to controlling exhaust gases
INTERTANKO Technical Director says switch to distillate fuels is best for the environment and best for shipowners.
- No Q1 take-off for World Fuel Services
Year-on-year profit growth stalled by aviation business despite record performance from marine sector.
- Distillate switch could threaten supply chain
Refiners' representative gives stark warning of what a move away from residual fuel might mean.
- Rotterdam market firms slightly
- Singapore April bunker sales jump 18.4% on year
Sales of 380 cst stayed strong at close to two million mt, MPA figures showed.
- China grants more oil import licences
18 more private firms will be able to import crude oil and fuel oil.
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