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| JANUARY 16, 2007 |
Shipping News
- Busan Port posts smallest gain in volume in 16 years
SOUTH Korea's Busan port, the world's fifth-busiest, handled 1.6 per cent more containers in 2006, the smallest gain in 16 years, on growing competition from terminals in Shanghai, Dalian and other Chinese cities.
- Bangladesh bans 'toxic' oil tanker
BANGLADESH banned on Sunday an allegedly 'toxic' oil tanker from being dismantled in the country after it was bought by a local shipbreaker, an official said.
- Malaysia's MISC sees soft shipping rates ahead
MALAYSIAN shipping company MISC expects freight rates for crude oil to remain soft over the next two years as competitors put more new tankers to sea.
- Persian Gulf tanker rates may gain from tight supply
- Philippines's Int'l Container to buy China port operator
- Maersk to raise 2007 Asia-Europe capacity
- Shell hired most oil tankers last year
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| JANUARY 16, 2007 |
- OOIL completes sale of three of four US terminals to OTPP
- Vandegrift Forwarding establishes presence in HK
- Tacoma becomes new US-Canada gateway for Mitsubishi Fuso trucks
- ProLogis leases 40pc of Lingang Park distribution area to DHL China
- Kuehne + Nagel renews with Australia's Woodside Energy
- Alliance of European forwarders link to widely used e-booking system
- TNT targets Brazil and emerging markets in global expansion
- DHL launches new regional brand campaign
- Savi signs 7 licences for its RFID container technology
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| JANUARY 16, 2007 |
- Allcargo signs MoU with Gujarat to develop infrastructure for international logistics
- IWAI roping in private sector to build inland waterway vessels, terminals
- Velji Dosabhai ships first export box from Seabird CFS
- DGS to enlarge list of countries
- Maersk Line launches Asia-Europe network
- AADA to implement rate restoration in Feb.
- ...quick customer service efficiency comes in for praise
- Rates hiked on Asia-S. Africa run
- WTSA lines to raise rates for scrap metal
- Vietnam joins WTO, resulting in tariff changes
- Evergreen enters logistics market in W. China
- MSC US appoints two Vice-Presidents
- Tianjin port opens 4 new deep-water box berths
- Marine Terminals Corp & CMA CGM in Bayport JV
- PTP emerges 1st in Asia to get PEMSEA award
- OOIL completes sale of Vancouver & New Jersey terminals
- SX-Class OOCL Tokyo named at Geoje Shipyard
- Pak plans to build fourth port
- Shanghai port moves 20 pc more boxes
- India, Europe trade poised to touch $ 100 bn by 2010
- State mill to export 10,000 t sugar to Lanka
- Petro goods sector emerges as top exporter
- Bilateral trade favouring Russia-CII study
- Coir exports earn 10.75 pc more
- Leather exports up
- GPL to take IPO route to develop port-based SEZ in Ganjam dist.
- Rlys plans to run double-stack containers on electrified routes
- Gati signs MoU with Chinese co.
- Rlys’ corridors welcome-Fieo
- Road transporters still hold the edge with effective last-mile connectivity
- Airline passengers to increase to 77 m this year
- Govt to help exporters fight anti-dumping duty cases overseas
- CII urges continuation of DEPB scheme
- Single regulator for energy, transport likely
- Summit nets phenomenal Rs 4.5 lakh cr. of investments
- IMC trade team to attend CeBIT 2007 at Hannover
- Rajeev Chandrasekhar named Ficci Vice-President
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| JANUARY 15, 2007 |
- Mike Petters named Chairman of ASA
- COSCO wins order for semi-submersible
- Frontline to spin off heavy lift operation
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| JANUARY 16, 2007 |
- Brussels fails to slow booming Asian yard capacity
CONCERNS raised in European Parliament that rapidly expanding Asian yards could cause crash in newbuild prices.
- GL restructures Maritime division
GERMANISCHER Lloyd has re-organised its Maritime Services division in a move to focus more clearly on different customer groups.
- Frontline firms up heavy-lift business
COMPANY appoints experienced chief executive and plans to sell up to two-thirds of Sealift to outside investors.
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| JANUARY 15, 2007 |
- CMA CGM in Cheng Lie talk
MARSEILLES 15 January – Speculation has been growing in recent days regarding a possible takeover of Taiwanese shipping company Cheng Lie Navigation Co (CNC Line) by French container giant CMA CGM
- P&O's Bilbao vessel charter extended
P&O Ferries has ended speculation about its Portsmouth-Bilbao service by extending the charter of the 37,583-gt Pride of Bilbao from Irish Continental Group
- Anchors fall off Alaskan tankers
A joint investigation has been launched into why anchors fitted on Alaska Tanker Co’s Alaskan Frontier and Alaskan Navigator went missing and others were cracked
- Argentine pulp protest fizzles out
COASTGUARD personnel kept demonstrators away from the Buquebus ferry terminal at Buenos Aires on Friday, and the much-publicised event fizzled out
- Taoiseach slams Irish Ferries rebate
IRISH premier Bertie Ahern has described as deplorable the government's redundancy rebate to Irish Ferries after local workers were replaced by cheaper eastern Europeans
- Belarus deal will benefit tankers
A deal hammered out by Russian and Belarus officials on Friday has made the advantage of piping oil to market through Belarus less attractive, to tankers' benefit
- Russian seafarer strike successful
- Star's Indian venture struggling
- Blue Lady hull damaged
- Tanker deviates to pick up yachties
- Philippines tackles officer shortage
- Labour launches Jones Act suit
- Delmas wreck removal delayed
- BLT seeks $500M to fund newbuildings
- Spill battle after bulker breaks up
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| JANUARY 15, 2007 |
- Hapag-Lloyd parent opposes sale to state, courts private investors
TUI Chief Executive Michael Frenzel said he would welcome private investors to help the company fend off a potential hostile takeover.
- Union sues over "kit" ships
- Horizon Lines expects Q1 EPS of $0.10 to $0.15
- Customs program to speed low-risk ag shipments
- Wilmington awaits cranes
- Transport index falls
- Europe View: Mediterranean ports losing ground
- Slow start for railroads
- Wal-Mart procurement chief exits
- EU seeks Canada air pact
- YRC Worldwide forms single management team
- Mumbai air exports gain
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| JANUARY 15, 2007 |
- ASEAN to focus on Free Trade Agreements before a region-wide Free Trade Area is ready
ASEAN leaders say they will study the possibility of a region-wide Free Trade Area while focusing on signing Free Trade Agreements with individual countries.
- LA/LB loaded exports increase, but imports continue domination
- TUI shares remain stable as CEO reiterates investor-oriented outlook
- Malacca authorities examine the case for a major box port development
- Taiwan's CNC Line denies takeover reports
- Canadian National Railway reaches labour agreements
- South Korean ports to tighten dangerous goods inspection
- Chittagong Port normal, but delays continue for boxes destined for Dhaka
- SITC extends China-Japan service into Manila
- Trans-Siberian train steams slowly into 2007, with almost no transit cargo
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| JANUARY 15, 2007 |
- Russian missing off Norway
Search and rescue operation underway as massive wave sweeps seafarer overboard Malta-flagged vessel.
- Abeele talks trades
Philippe's new derivatives fund is up and running with $17m and a deep-pocket investor.
- P&O keeps cocaine ship
Ferry operator wins 20% saving on extended charter from ISG.
- Irish Ferries wins lay-off payout
Government move to compensate shipowner for replacing Irish staff angers unions.
- Greek bulker grounds off Latvia
Water leaks into engine room of Cyprus-flagged vessel pushed onto sandbank by severe weather.
- Baltic consolidation
Osterstroms acquires Nordship in move that strengthens Swedish private shipping.
- Cash tills ring for Cosco
Singapore-listed yard takes in $450m worth of new orders, including six Turkish bulkers.
- Knock Stocks going
First Olsen Tankers continues fleet renewal with sale of 1993-built suezmax.
- Fesco ship holed off Russia
Sixteen evacuated from container vessel which sustains hull breach after leaving Far Eastern port for Vladivostok.
- TUI chief admits 2006 loss
German shipping and tourism giant will dip into the red when it posts annual result, but Michael Frenzel not expecting sack.
- Horizon in line
US Jones Act liner player is confident of meeting market expectations in 2007.
- Big shortlist for ONGC tender
Great Eastern, Essar and SCI lining up against Swire, Tidewater and others for 30-ship offshore deal.
- Samskip goes to Zeebrugge
Icelandic shortsea container line takes space capacity at PSA HNN’s terminal.
- BLT looks for cash
Indonesian tanker and gas carrier owner needs $400m to finance fleet growth.
- Tanker blast in Philippines
Four injured in explosion during cleaning of tank on vessel docked in Manila.
- Frontline spins off heavies
New Fredriksen company to buy suezmaxes from Ship Finance International for heavy-lift conversion.
- BW takes more of Prosafe
Singapore group wants to consolidate FPSO sector after bringing stake in Norwegian player to 22%.
- Wartsila buys SA firm
Finnish engine builder adds South African propeller repair company to its global portfolio.
- Bangladesh bars "toxic" tanker
Shipbreakers won’t get their hands on Apsheron until it has been decontaminated outside Bangladeshi waters.
- Sadler named LR CEO
Thirty-year veteran named as successor to David Moorhouse at UK classification society.
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| JANUARY 15, 2007 |
- Frontline mulls spin off of heavy lift business
- Horizon Lines confident about 2007
- Danaos delivers dry bulk vessels to Shanghai Time Shipping
- Lloyd’s Register picks Sadler for CEO
- McKay replaced as president of maritime union
- TACA’s fuel surcharges unchanged
- IPBCC carriers to raise westbound rates
- ESPMC-WITASS lines raising Kingston import THC
- EWATA altering West African congestion surcharges
- EMTA lines reduce Israel war risk surcharge
- Genco announces time charters
- Airforwarders object to cargo security legislation
- U.S. rail freight traffic down at start of year
- CSX names Sanborn VP, northern region
- ITI appoints 3 new directors
- CBP expands clearance program for low-risk ag shipments
- Geodis’ revenue up 5.3% in 2006
- Summit Global gains approval in Shanghai
- EURTEAM selects INTTRA
- Judge reverses decision on Port of L.A. lawsuit
- Port of L.A., air regulators test electric container tractors
- Wilmington, N.C. awaits crane delivery
- ELG Haniel reopens Thames cargo wharf
- Port of Seattle’s Dinsmore to join Stark Investments
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| JANUARY 15, 2007 |
- Scandlines sale is still uncertain
The sale of Scandlines has still not been carried out. The owners of the German-Danish company will this week try ...
- Good results for North European registers on flag state performance
The international shipping organisations Bimco, Intercargo, ICS/ISF and Intertanko have published the second edition of the “Flag State Performance ...
- Insufficient ballast water stranded MS Server
Too little ballast water may have been the main reason why the Cypriot flagged handy, geared bulker MS Server of ...
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| JANUARY 15, 2007 |
- Port offers clean fuel incentives
Shipowners will be eligible for reduced dues as part of emissions rewards scheme.
- Singapore prices dip as fuel oil supplies ease
But Rotterdam IFO prices still undercut Singapore by around $47 per mt.
- High winds hit bunkering in Northwest Europe
Vessels forced to ride out the storms at Skaw as they await low-sulphur bunker fuel.
- Rotterdam stable at Midday
- EU to seek emissions progress within IMO
But "unsatisfactory" MARPOL Annex VI revision could prompt new unilateral measures.
- Tokyo grapples with tight supplies
Bunker prices climb with shortages expected to ease next week or early February.
- Singapore: Record 380 cst sales in December
Key grade 380 cst selling close to two million mt in December.
- Bunker spill hits Norway's coast
Cypriot cargo ship breaks in two, efforts underway to contain fuel spill.
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