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| OCTOBER 15, 2007 |
Shipping News
- Extra Saudi output may boost tanker freight rates
World tanker freight rates are languishing near four-years lows but may be set for a boost from extra Saudi oil flows to the East, a large part of the Organisation of Petroleum Exporting Countries' (Opec) promised output increase from November.
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| OCTOBER 15, 2007 |
- Qingdao container volume tops 7 million TEU in nine months
- Guangzhou-Zhuhai 187-kilometre railway starts construction
- Sinotrans acquires Chongqing Shuangyuan Logistics Co
- China-Iceland joint venture cold warehouse starts operation
- Toyota set up logistics management joint venture in China
- Southern Africa's SAECS adds seventh vessel to Core Service
- More container vessel space than meets the eye, say analysts
- Rotterdam expected to surpass Kaohsiung as world's sixth box port
- Hactl hits daily peak, breaking record after record in September
- China Southern launches Guangzhou-Delhi service
- Boeing to release third quarters results in October 24 webcast
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| OCTOBER 15, 2007 |
- Allcargo Global gives major push to automotive logistics
- AMI India Logistics opens new, bigger office in Kolkata
- Alang Shipyard poised to take hammer to Blue Lady
- Shipyards' growth prospects bright, says Drewry report
- Cabinet Secy to meet Kerala govt officials to resolve Vallarpadam ICTT project's land issues
- Exporters to get differential duty drawback without filing supplementary claims
- 11 pc GDP growth possible with better infrastructure-ADB chief
- 6 infrastructure industries post 9 pc growth in Aug.
- Forex flow continues unabated
- Industrial growth bouncing back
- FinMin sinks exporters' hopes on state levies refund
- SIMA resents DEPB rate cut
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| OCTOBER 15, 2007 |
- Emirates SkyCargo bolsters UAE Operations with VP appointment
- PSA in leading position
- 800 Airbus A380s in 20 years
- Forwarding firms searched for evidence
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| OCTOBER 12, 2007 |
- Precious explains new orders
- Braemar sets up LNG unit
- BW Gas ' no change top tax bills
- Samskip wins Alcoa cargoes
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| OCTOBER 14, 2007 |
- Salvors elect new leaders
- Etter quits
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| OCTOBER 12, 2007 |
- Port of Bremerton breaks ground on new Kitsap SEED Project
- US rail freight carload totals see declines during September
- Coast Guard Petty Officer earns top enlisted person honor
- NOAA vessels to moor at Port of Seattle terminal
- Electric Boat winds Navy deal for nuclear submarine services
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| OCTOBER 12, 2007 |
- UK seafarer plan shows no sign of progress
GOVERNMENT yet to respond to proposal by unions and shipowners to boost British seafarer jobs.'
- Maritime unions and shipowners unite for drive to boost British seafarer jobs
- Marine hull sector 'heading for correction'
INSURERS show signs of drive to halt losses, as Swedish Club says it will focus on strategy of selective growth.
- CVRD sets aside $59bn war chest
MOVE offers further evidence of unbound confidence underpinning the global commodity boom.
- Why Uncle Sam is still shivering at the water's edge
WHY has the Bush administration revived a request to ratify the United Nations Convention on the Law of the Sea?
- Justice for Burmese
THE main attraction of Burmese seafarers is their price. In the league table of wage costs, they are near the bottom.
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| OCTOBER 12, 2007 |
- Hawaii Superferry begins layoffs
Hawaii Superferry is laying off 80% of its employees in the wake of Tuesday's court decision preventing service resumption
- Have your say'
IT is hard to explain to the outside world why an environmental impact statement of over 6,200 pages is not enough in the Netherlands
- Yarov to revive state shipbuilder
A PRESIDENTIAL decree attempting to revive domestic Russian shipyard demand has been resuscitated by new prime minister Victor Zubkov
- Oilrig dumping brings $7M fine
ENFORCEMENT of environmental laws for offshore dumping went beyond the shipping industry yesterday with the $7M criminal fine imposed on oil and gas giant Rowan Companies
- One dead in Mexican vessel fire
AT least one person is dead and two are missing after a fire yesterday in the engine room of the Mexican-flagged crew vessel Seba'an
- Cosco spike leads Hang Seng surge
A 20% spike in China Cosco's share price yesterday shows the incredible bull run in mainland shares on the Hong Kong stock exchange this year
- Aegean acquires offshore bunkerer
- Terminal bosses fined for graft
- Ethanol surge from Brazil to Europe
- ZPMC to issue new shares
- Eid marks end of Ramadan
- Singapore spill clean-up continues
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| OCTOBER 12, 2007 |
- Forwarder antitrust probe widens
Officials from the European Union, U.S., Switzerland and Canada raid forwarders' offices as part of probe of fuel surcharges.
- Agencies collaborate to improve S. Calif. goods movement
- Norfolk considers truck ban
- Lines plan China-India service
- Rickmers names new vessel
- Japan task force to address EU trade accord
- Rail box traffic off
- Japan's NYK upgrades China logistics offices
- Crowley hosts Puerto Rico port security exercise
- Mallory Alexander International Logistics restructures management
- J.B. Hunt profit falls
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| OCTOBER 12, 2007 |
- Is there an operating cost black-hole facing ocean carriers?
There seems to have been an overload of unwelcome news this week for many ocean carriers trying to finalise their new budgets.
- SYMS seeking new China-Australia friends
- Environmental pressure restricts shipping
- German train drivers strike begins
- Italian rail accused of anti-competitive behaviour
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| OCTOBER 12, 2007 |
- Co-op formed in So-Cal
Federal, state and local agencies link-up in effort to streamline movement of freight in Southern California.
- Acergy defeats appeal
Appeals court rules that foreign seafarers on foreign ships are subject to penalty pay under US law when they are on some voyages, but not the voyage the plaintiff was on.
- Sovereign goes Spanish
Royal Caribbean sends Sovereign of the Seas to its Pullmantur fleet, as Monarch of the Seas takes its place in Florida.
- Ferry workers sent home
Hawaii Superferry sends 249 employees on furlough amid a legal fight that has grounded plans for the island's first fast ferry.
- Tallink charters to Venezuela
Estonian owner ships out last fast ferry to Conferry because of high fuel consumption.
- Ocean Crown drydocked
Grounded bulk carrier is in drydock for repairs after new salvage outfit completes nine-week re-float operation in Chile.
- Moonduster feels Panel punch
Irish Takeover Panel censures consortium bidding for ICG over 'certain breaches' in share purchase.
- SFI sells biggie
Ship Finance International said to have fetched $56m for a 1993-built VLCC.
- Pistiolis in full swing
Top chief is looking to continue move away from tankers with drive into property investment.
- Vyborg to revamp
Russian shipyard to plough cash into modernising facilities to fulfil Gazprom order.
- Saudis order at Damen
Dutch shipbuilder to deliver two pilot boats to Atco for use at Ras Tanura terminal.
- Greek ferry hits fishing vessel
Collision between vessels in North Aegean not thought to have resulted in any injuries to passengers or crew.
- NCSP cleared to sell abroad
Russian port wins approval to release nearly 4bn shares to international investors.
- Skipper missing after clash
Search on for fisherman whose ship was sunk in collision with Baltnautic cargo vessel.
- Fire kills one off Mexico
Two missing after blaze in engine room of Pemex-chartered crew boat sparks mass evacuation.
- Revenues jump at CSCL
Chinese container line sees third quarter figure boosted by higher volumes to Europe.
- Swan heads to Rotterdam
German box line adding Dutch service to existing Hamburg link to St Petersburg.
- End of line for HSY's rail unit
Greek shipyard sells non-core rolling-stock subsidiary to Dr Meyer of Germany.
- Precious hits out
Bangkok-listed bulker player critical of second hand tonnage, which costs a small fortune.
- Power cut at Gdynia
Electricity company Energa reduces supply to Polish shipyard due to unpaid bills.
- Tax boost for BW Gas
Oslo-listed owner to avoid revised tax bill on extra NOK 3.65bn of income for 2000.
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| OCTOBER 12, 2007 |
- Samskip gets Alcoa contract
- China Shipping to buy ore carriers
- Volga-Dnepr Group management changes
- Federal agencies tighten grip on export violators
- Eight charged in scheme to defraud Ex-Im Bank
- India minister: Local traders not only ones hurt by produce retailers
- USDA picks two more animal tracking tags
- NYK Logistics (China) upgrading offices
- Freight forwarder probe widens
- COSCO forging ahead with Philippines hub
- Work starts on Vietnam box terminal
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| OCTOBER 12, 2007 |
- Viking Line upgrading its fleet
The car and passenger ferry Isabella is the second Viking Line vessel in which the public spaces have been extensively refitted. The Isabella returned in service at the end of September after a docking at Turku Repair Yard. The upgrading ...
- Finnish port operators become Aussies
UPM has sold its Finnish port operators Oy Rauma Stevedoring Ltd and Botnia Shipping Ltd to the Australian specialist infrastructure entity Babcock Babcock & Brown Infrastructurelle (BBI) for EUR 90 million. Oy Rauma Stevedoring Ltd is a major port operator in ...
- Layoffs likely at Hurtigruten
Hurtigruten, which includes the Coastal Express service from Bergen to Kirkenes, is to carry out several harsh measures to reduce losses, and layoffs among the 2,400 staff are not unlikely. The group had losses of NOK 62 million last year ...
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| OCTOBER 12, 2007 |
- Houston closes in on $400 bunkers
Key US port following global prices higher in setting yet more records.
- Bunker spill raises local fears
Recent incident a reminder of massive disaster three years ago.
- EU signals readiness to cap CO2 from shipping
Official says Europe intends to drive forward a reduction in CO2 emissions from maritime transport.
- Wilhelmsen to market scrubbers
WMS and Krystallon sign distribution deal for scrubber system that cleans up sulphur and particulate emissions.
- Rotterdam: Some suppliers committed until 18th
- Singapore bunker prices on bull run
Market firms in the face of tight prompt deliveries and strong crude oil prices.
- SK Corp closes bunker office
Tokyo office no longer handling bunker enquiries.
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