 | web site |
| NOVEMBER 15, 2007 |
Shipping News
- Hyundai Merchant in the black in Q3
Hyundai Merchant Marine Co, South Korea's second-largest shipping line, posted a third-quarter profit after surging sea-cargo volumes allowed it to charge more for carrying containers and commodities.
- Daewoo wins tanker order at record price
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, received an order to build four crude tankers at an industry record price from Vela International Marine Ltd of Saudi Arabia.
- STX Pan Ocean Q3 profit surges on dry-bulk rates
STX Pan Ocean Co, South Korea's largest carrier of iron ore, grain and other commodities, boosted third-quarter profit 83-fold as it moved more cargo and charged higher rates.
- Coal, iron ore freight rates may rise
|
 | web site |
| NOVEMBER 15, 2007 |
- New World Alliance cuts back transpacific capacity 10pc
- Port of Qinhuangdao builds container terminal
- Port of Dalian throughput to reach 11 million TEU by 2010
- North-Jiangsu Canal's first container line launched
- Qingdao container volume to surpass 9 million TEU
- Lehman Brothers sees restored rates but higher costs too
- Indian Planning Commission calls for cap on port handling fees
- Kalmar delivers box handling gear to ICTSI's Ecuador terminal
- Emirates orders 12 Boeing 777-300ERs for US$3.2 billion
- Traffic increase at Changi Airport led by Asian growth
- Qatar order for 30 Dreamliners and five 777 freighters confirmed
|
 | web site |
| NOVEMBER 15, 2007 |
- ICS Chennai branch celebrates 12th Annual Day in grand style
- Container market riding the wave of Chinese economic boom, says Evergreen Chairman
- GE Shipping delivers single-hull Aframax tanker to buyers
- Kamal Nath calls for doubling of Indo-Greek trade by 2010
- ...welcomes German investment in SME sector
- Tuticorin Port throughput surges 16 per cent
- Kulkarni hails govt decision on OCT at Mumbai Port
- Adani Logistics Park inaugurated near Gurgaon
- 6 core sector industries register 6 pc growth in Sept.
- RBI allows use of forex funds for infrastructure projects
- India favours better economic ties with Asian countries-Pranab
- New guidelines for iron ore export in pipeline
|
 | web site |
| NOVEMBER 14, 2007 |
- BLS selects new director
- New World Alliance moves another string to Thamesport
- Aeroflot expands
- Construction work on Baku'Tbilisi'Kars railway starting soon
- Zufall Group takes a slice of Transland
- IRU urges visas for professional drivers
- US Congress overrides Bush's veto of waterway bill
|
 | web site |
| NOVEMBER 14, 2007 |
- "Solid improvement" for Eitzen
- BW Gas hit by volatile VLGC market
- Golden Ocean profit soars
|
 | web site |
| NOVEMBER 14, 2007 |
- Marad seeks comments on foreign rebuilds
- Weak VLGC market hits BW Gas profits
|
 | web site |
| NOVEMBER 14, 2007 |
- TNWA member carriers announce winter capacity plans
- Port of Vancouver, USA schedules public tours
- NOAA accepting applications for Ernest F. Hollings scholarships
- Matson Navigation boosting fuel surcharge three percent higher
- Washington State sees jump in exports during third quarter
|
 | web site |
| NOVEMBER 14, 2007 |
- UK to beef up port security
PRIME minister Gordon Brown announces steps as part of drive to counter terrorism.
- Brown's boys in blue to patrol Britain's ports
- Golden Ocean triples third quarter profit
NET income soars as record freight rates kicked in; and forecasts remain optimistic.
- Shanghai mulls box futures exchange
SHANGHAI Shipping Exchange looks at futures trading for container shipping market.
- It's out of the old and into the new port of Pusan
THE South Korean hub is determined to seize its opportunity with a $1.8bn redevelopment.
- A sniff of sea air
IT IS interesting to see various schemes used to attract young people into seafaring.
|
 | web site |
| NOVEMBER 14, 2007 |
- Vela pays record price for VLCCs
Daewoo Shipbuilding in South Korea has extracted over $600M for four 317,000dwt VLCCs from Vela International Marine in Dubai
- Dry shares rally on Wall Street
DRYBULK shares emerged as big winners during yesterday's broad US stock market rally
- Startup trips Trailer Bridge
US-flag box barge operator Trailer Bridge is being dragged down by the weak startup of its new Puerto Rico-Dominican Republic service
- Davie to go public in Toronto, Oslo
THE company that owns the Davie shipyard in Canada plans to go public in Toronto and Oslo in the hope of raising at least $57M in fresh equity
- Argentine grains to flow again
ARGENTINE authorities reopened the export registers for wheat and soya yesterday
- IEA warns of oil demand dip
HIGH oil prices have spurred the International Energy Agency to cut its demand forecast, implying another negative for tanker trades
- Quintana fortifies defences
- Golden bullish for golden age
- BW Gas continues to suffer
- USCG may curb movements in fog
- International row over dead master
- German box ship costs leap 16%
- Lines slash capacity on Pacific
- Call to end VLCC controversy
- Pan Ocean rides super cycle
- First on-line CoC courses launched
|
 | web site |
| NOVEMBER 14, 2007 |
- Matson bumps up previous fuel charge
The Jones Act carrier is increasing its previously announced fuel surcharge by an additional three percentage points.
- Work begins on Va.-Chicago intermodal rail route
- Report: Pilot blames captain for Cosco Busan crash
- Trailer Bridge profits drop
- Strike hits German rail service
- Lines drop Russia port fees
- Freight index declines
- Rail traffic inches up
- Widdows: Soaring fuel costs changing shipping business
- Panama Canal expansion gets environmental approval
- TWIC sign-up expanded
|
 | web site |
| NOVEMBER 14, 2007 |
- European freight movements under threat from French and German rail strikes
- Kuehne + Nagel acquires two German logistics units
- Chinese box port boom continues
- EMTA announces rate restoration for Israel trade and warns of UK congestion surcharge
- New services for St Petersburg
|
 | web site |
| NOVEMBER 14, 2007 |
- CSDC inks handy deal
Hong Kong-listed owner takes two handysize tankers in double bareboat deal.
- Mixed bag for Farstad
Aalesund-based offshore owner sees income rise but profits fall during the third quarter.
- Row over spill continues
Members of Congress plan a hearing, the Coast Guard considers new shipping rules and California continues to reel from Cosco Busan spill.
- DVB does much better
German-Dutch shipping bank sees nine-month profit soar despite sub-prime turbulence.
- Diana net triples
US-listed bulker owner walks away from the third quarter with $50.4 in profits, a 201% increase.
- Rand in the red
Great Lakes operator sees losses in its fiscal second quarter as strikes halted chartered-in vessels.
- Thoresen shines
Thai shipowner sees increased sales boost profits by 34%.
- KSINC seeks guidance
Indian ferry owner wants consultant to draw up 10-year plan to move into international markets.
- KLC plans buy-back
Korean bulker and LNG player to snap up own stock to bolster price.
- Vela behind Daewoo four
Saudi Arabian owner emerges as mystery buyer who inked four VLCCs at Korean Yard earlier this week.
- Sasebo well satisfied
Japanese shipbuilder's first-half profit soars on higher revenues.
- STX takes off
Korean owner's third quarter profits head into orbit thanks to booming dry sector.
- Profit lighter at Hanjin Heavy
Third quarter earnings fall compared to second three months at Korean yard giant.
- DM Spiridon sinks
Media reports from Venezuela list at least 13 cattle carcasses washing ashore after the sinking of the DM Spiridon.
- Ultrapetrol posts loss
Despite strong revenue growth, diversified owner's results suffer from FFA hedges and tax charges.
- HMM on to a winner
Double-whammy of better bulker and boxship markets boost Korean owner in third quarter.
- Fredriksen feeling flush
Golden Ocean sees profits triple during active third quarter for the Oslo-listed outfit.
- Double tops for Ocean HeavyLift
Oslo-listed offshore owner bags $40m deal to transport jackup rigs.
- Eitzen Chemical pulls through
Tougher third quarter, but nine-month profit healthy at Norwegian chemical tanker player.
- STX surges on
South Korean yard sees third quarter profits rise 20-fold.
- Cars crushed on North Sea ship
Over 80 vehicles battered onboard a UK-bound ferry after vessel gets caught in a storm.
- BW Gas burned by rates fall
Oslo-listed gas carrier owner has seen nine-month profit chopped mainly by weaker VLGC markets.
- Excel excels
Greek bulker owner builds fleet and profit in first nine months.
|
 | web site |
| NOVEMBER 14, 2007 |
- APL chief: Rising fuel costs hurting container carriers
- MarAd seeks comment on foreign rebuilds
- New service cuts Trailer Bridge profit
- Bunker fuel under gun following Bay Area spill
- CMB, Petercam acquire Air Contractors Group
- Target eyes new logistics needs
- Gutierrez touts trade progress in Afghanistan
- Commerce secretary leads congressional delegation to Colombia
- U.S. sheep head over the Mexican border
- Heineken awards U.K. drinks contract to Kuehne + Nagel
- DHS delays advanced radiation detectors for 1 year
|
 | web site |
| NOVEMBER 14, 2007 |
- Superspeed 1 in service in February 2008
Color Line's new fast ferry, the 28 knot Superspeed 1, will start sailings between Kristiansand and Hirtshals on 8 February next year and do the crossing in 3 hours and 15 minutes. Superspeed II will commence traffic from Larvik to ...
- Swedish tanker leaked diesel oil
Ektank vessel Ekfors was leaking diesel oil as a result of a grounding, which occurred in rough weather at the Slagentangen refinery last Friday. The Ekfors was at anchor waiting to load a 10,000 tonne cargo,when the accident happened ...
- Court rules against Fredriksen in compensation case
An Oslo court has ruled against John Fredriksen's Cyprus-based investment company Geveran Trading in a case filed against the Norwegian tax authorities for a NOK 250,000 compensation for interest and currency losses incurred on late repayment of tax. In ...
|
 | web site |
| NOVEMBER 14, 2007 |
- Oil reverses 2-day losing streak
OPEC comments and inventory worries pushing oil back up after heavy losses.
- 'Delays' in notifying cleanup contractor
US Coast Guard says ship's crew failed to initiate timely cleanup response following San Francisco bunker spill.
- Asian bunker prices tumble
'Aggressive offers' in Singapore as players try to make space for fresh supplies.
- October bunker sales fall
Singapore players blame high prices. Only 500 cst product sees sales grow.
- Rotterdam bunkers drop in line with crude
- Novorossiysk port re-opens
Port resumes operations after storm, but oil shipments face delays.
- EU project to plug LNG as ship fuel
Massive emission reductions on offer for ships running on LNG.
- New KPC barge begins service
Second new 5,000 mt barge due to arrive in Kuwait mid-March 2008.
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
