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| JUNE 15, 2007 |
Shipping News
- Hike in peak surcharges brought about by surging cargo volumes
SURGING cargo volumes on the eastbound transpacific trade from Asia to the US has led to an unprecedented move by container lines to jack-up the peak season surcharge by 50 per cent from August.
- European ports struggle with Asia trade boom
EUROPE's biggest ports face increasing chaotic congestion and delays in deliveries as they have failed to expand quickly enough to handle booming container imports from Asia.
- Refiner Total and others conclude defence at oil spill trial
THE trial of Total SA, Europe's largest oil refiner, and other companies defending their role in a 1999 oil spill concluded on Wednesday with arguments from RINA SpA, an Italian ship safety inspector.
Admiralty Casebook
- Replacing safe port provision in charter party won't downgrade it
THERE is no inherent inconsistency in a charter party that contains both a 'safe port' warranty and which also specifically names loading or discharge ports, the English High Court ruled last week.
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| JUNE 15, 2007 |
- CKYH Alliance restructures PNW into new service
- Coscon's Manila service starts calling at SICT
- 2006 was record year for Nordcapital shipping investments
- MOL to commence fourth India service string since October
- 'K' Line sets up maritime academy in India
- IMB calls for naval help to fight 'out of control' pirates
- IATA: US$5b 2007 profit peanuts for $470b industry
- DHL opens US$41m new extended facility at Kansai Airport
- Cargo 2000's Ron Cesana dies on holiday at 66
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| JUNE 15, 2007 |
- Gujarat NRE Coke charters 2 vessels
- SVS Worldwide Logistics bags prestigious MNC contract to move project cargo
- GE Shipping contracts to sell single-hull VLCC
- Gujarat’s kesar mangoes on way to US markets
- STC may float fresh tender to import 2 m tonnes of wheat
- Capt. Mohan panel favours dedicated box terminal at Diamond Harbour
- PPT to invest Rs 3,500 cr. in doubling capacity
- Move to change bidding norms for new terminal projects may benefit even existing plans of Major Ports
- Rlys banking on FinMin providing adequate budgetary backing
- Forbes Patvolk’s state-of-art CFS at Mundra unveiled
- Indo Arya Logistics opens mammoth Regional Distribution Centre in Haryana
- Kamal Nath unveils package to shield exporters from rising rupee impact
- Ministry seeks SEZ status for food parks
- BoA to consider 46 SEZ proposals on June 22
- Foreign Trade Policy Analysis - 4 - By M. Sreedharan
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| JUNE 14, 2007 |
- New ThermoMed CEO
- Arkas invests USD 320 million in shipping
- Iceland Express to connect Reykjavik and Switzerland
- BTK enlarges truck fleet
- Globe Express opening offices in Vietnam and in India
- A warm welcome from the ITJ at transport logistic
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| JUNE 14, 2007 |
- Hazardous and Noxious Substances protocol comes into force
- ITF claims "week of action" success
- EC clears Wärtsilä/Hyundai JV
- EC green light for Belgian and Estonian plans
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| JUNE 14, 2007 |
- Hawaii Superferry now en route
- Puget Sound yards to make joint proposal for WSF newbuilds
- Venezuela set to order Russian submarines
- More Deepwater program legislation
- Ship Finance orders containerships
- Prison term for tanker chief engineer
- Nordcapital orders AHTS's in Korea
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| JUNE 14, 2007 |
- Greenbrier nets orders to cut down intermodal platforms
- Freight transporation Services Index posts 0.1 percent drop during April
- Change of command set for Port Angeles Coast Guard station
- CKYH Alliance forming butterfly loop for PNW service
- Corrosion-resistant steel will be used in supertankers
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| JUNE 14, 2007 |
- Zim snaps up stake in Antwerp Gateway
ISRAELI container line has acquired a 20% stake for an undisclosed sum.
- Zim mulls cutting back Haifa calls
- Dockers block Ferryways vessels at Ostend
MOVE to stop company's new owner, Cobelfret, from closing the Ostend-UK operation.
- IBIA slams Intertanko's distillate proposal
ASSOCIATION chief says switch to distillates could disrupt liner trade while giving potential benefit to tanker owners.
- Being green and efficient
THERE is great scope for simple efficiency gains as the impact of a ship upon the environment is reduced.
- Meteoric rise of Dubai Drydocks
DUBAI Drydocks, now under the Dubai World umbrella, is on a mission to become one of the major global players.
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| JUNE 14, 2007 |
- Ferryways on brink on bankruptcy
Belgian ferry operator Ferryways is expected to go into administration any day now, according to news from the country
- Judge denies request for crew comments
OWNERS and operators of the tanker Clipper Trojan,accused of conspiring to conceal illegal oil dumping, are being denied access to tales told by whistleblowers aboard ship
- GE Shipping sells single-hull VL
GREAT Eastern Shipping (GE Shipping) has signed a deal to sell its single-hull VLCC Ardeshir H Bhaiwandiwala, according to a company statement
- Irish-Norwegian martime relations 'strong'
THERE is a 'strong and blossoming' relationship between the maritime sectors of Ireland and Norway, say commentators speaking at the Irish conference at Nor-Shipping
- London is missing cruise opportunity
LONDON is missing an opportunity in not exploiting the Thames for cruise passengers visiting the 2012 Olympic Games, interested parties say
- Seafarers seek more pay through education
RECOGNISED maritime competency is the key to higher wages for Indonesia’s seafarers, according to a shipping analyst
- Indonesia plans crackdown on pollution
- Tanker re-floated in Rio
- Another seafarer jailed for lying
- Crew evacuated after chemical leak
- D’Amico in new venture with Glencore
- Date set for Erika verdicts
- Humpus bond issue next year, not this
- Two more US ghosts bound for yards
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| JUNE 14, 2007 |
- New bill authorizes short sea shipping
Oberstar's "green" transportation bill would formally establish and fund a short sea shipping program for the first time.
- Panama Canal extends excavation tender deadline
- World box fleet tops 10M TEUs
- MSC ship, fishing boat collide off Morocco
- APL adds U.S. East Coast to C. American service
- Royster leaving Baltimore port
- Japan to discuss easing U.S. beef curbs
- Attorney wants to question ILA's Bowers
- Freight index off in April
- Lines consider Nehru fee
- NYK forwarding unit expands Miami warehouse
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| JUNE 14, 2007 |
- MOL signs slot exchange deal with Indamex
- CKYH Alliance strive for improved schedule integrity with reorganised loop
- NYK turns to rail in Southampton
- ZIM buys AP Moller (Maersk’s) stake in Antwerp Gateway Terminal
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| JUNE 14, 2007 |
- No exit
Tschudi Shipping is diversifying but says it will be back to play the ship asset cycle later.
- Judge muzzles O'Brien
Former in-house lawyer not allowed to hurt Stolt defendants, but Jo Tankers' Hugo Finlay is another story.
- Clipper can't see whistleblower notes
A Clipper tanker's chief engineer has been sentenced to jail and a US judge is refusing to shed light on crew whistleblowers.
- Viktor Lenac bags new boss
Bankrupt Croatian shipyard names new chief to carry through second phase of privatisation.
- For Justice, no peace
Wingfield kept plotting, but why is unclear after surprise turnabout by key DoJ witness van Westenbrugge.
- All aboard
TradeWinds' biennial party on the Christian Radich attracts a premium crowd.
- Fredriksen sells to Fredriksen
A Frontline suezmax sold to a joint venture including private John Fredriksen interests looks set for conversion.
- Todd takes a hit
US shipyard group sees annual profit slashed as revenues droop.
- Sovcomflot outperforms market
Russian owner achieves another strong start to the year.
- Hoegh battling ballast threat
Norwegian owner teams with Statoil and insurer to roll out ballast water treatment kits.
- Private equity hungry
But New York banker says shipowners still have the edge in M&A battles.
- SFI takes five in China
Tanker player Ship Finance International spends $190m on boxship quintet at two Chinese yards.
- Pilots needed
UK accident investigators say port of Mostyn must sharpen up after cargoship grounding.
- Three for MC
New York-listed gas player MC Shipping adds three Japanese 1990s-built LPG ships to fleet.
- Louis arrest warrants issued
Greek prosecutor issues warrants for captain of sunken Sea Diamond and two officials at operator Louis Cruises.
- Big bonds out East
MISC Berhad and the BW Group said to be lining up bond issues for substantial cash injections.
- Humpuss lines up bond sale
Indonesian owner will sell five and eight-year debt worth $400m for fleet expansion.
- The end of banking?
Lender says financiers will have to re-invent themselves to escape the bloodbath.
- Total control
Morits Skaugen says the bottom line proves his company’s ‘design, build and operate’ policy works.
- Say goodbye to corrosion
NYK ready to use Nippon Steel's rust-resistant steel plate on tanker newbuildings.
- Fiskerstrand makes it official
Norwegian yard forms joint venture with Lithuanian hull-building partner Western Shipyard to target offshore ships.
- GE cashes in
India’s Great Eastern sells VLCC for conversion to bulk carrier for a reported whopping $48m.
- Pertamina orders aframaxes
Indonesian state oil company heads to China as it seeks to revitalise fleet.
- Aussies hold 10
Ships from BP, NYK and Costamare among those detained in May for port state control deficiencies.
- Wartsila in the clear
Finnish group wins EU permission to make dual-fuel ship engines in Korea with HHI.
- Queues set to stay
Hopes of cutting bulker waiting times at Newcastle have been dashed by the recent severe weather.
- Havila orders again
Second newbuilding deal in two days for Norwegian owner as it inks PSV at Solstrand.
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| JUNE 14, 2007 |
- Royster to leave Baltimore port post
- MOL taking ride on India-America loop via Suez
- MC Shipping buys LPG tankers
- Two James River Reserve Fleet ships head for the scrap yard
- OOCL rebates headed back to Long Beach community
- DHL buys stake in ASTAR Air Cargo
- Senate moves forward on $37.6 billion DHS funding bill
- Japan moves away from 100% inspection of U.S. beef
- Kuehne + Nagel wins China contract for Siemens Home and Office Devices
- U.S. Army looks to Savi Network RFID solution in Pakistan
- NVO seeks $110,000 in fees from Korean garment maker
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| JUNE 14, 2007 |
- Danes highlighted piracy at international congress
Danish shipping highlighted the piracy issue at the annual meeting in International Chamber of Shipping (ICS), the forum for national ...
- Crewman overboard from Swedish tanker
At four o’clock on Tuesday, the Swedish-flagged tanker Bro Joinvill sounded the alarm after a Filipino crewmember had gone missing ...
- No new tax incentives for Norwegian owners
The Norwegian government will not introduce new, more competitive tax incentives to shipowners operating from Norway, according to Per Sanderud ...
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| JUNE 14, 2007 |
- Distillate switch 'does not make sense', IBIA says
Association restating its opposition to the 'regulatory straitjacket' of INTERTANKO proposal.
- Greek prices surge ahead as supplies tighten
But Piraeus bunker market still amongst the most competitive in the region.
- INTERTANKO: US proposals strengthen case for distillates
Unilateral moves to limit sulphur show the need for 'comprehensive, practical and efficient strategy'.
- Erika oil spill: Court hearings at an end
French oil major Total must wait until January to hear the court's verdict.
- Fuel testing agency warns of high asphaltene levels
Viswa Lab says a growing number of engine problems from high asphaltene levels could be linked to low sulphur regulations.
- Rotterdam firms, congestion continues
- Singapore: Residual fuel oil stocks at 6-week low
Stocks of middle distillates rebound from week-ago levels.
- Shipping line testing new cold ironing technique
APL says it has developed a simpler and cheaper system for taking shore-side power.
- April bunker sales up in Japan
Bonded bunker fuel sales up both month-on-month and year-on-year.
- Japan: Supply shortage limits market
Traders fail to translate spot bunker nominations into deals due to tight avails.
- Malaysian supplier to buy double-hull tankers
Fleet expansion plan for Malaysia-based bunker supplier.
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