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| OCTOBER 16, 2007 |
Shipping News
- CSCL plans Shanghai listing to fund fleet expansion
China Shipping Container Lines Co (CSCL) aims to list in Shanghai before the end of 2007 to buy container assets from its state parent and to fund a 44 per cent fleet expansion by early 2012, a senior executive said.
- STX bags US$220m deal from French firm
STX Shipbuilding Co's unit won a US$220 million French order to build a facility for making and laying underwater pipes, part of the South Korean shipbuilder's strategy to enter the oil and gas business as crude prices soar.
- Record profit in Sept for Daewoo Shipbuilding
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, reported a record profit in September, boosted by an increase in orders and prices for vessels to move fuel and consumer goods.
- Glut may curb gains in tanker rates
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| OCTOBER 16, 2007 |
- Dalian to sell stakes in two container berths to PSA and APM Terminals
- Kawasaki to build mega containership in China shipyard
- CMA CGM charters 4,250-TEU newbuild from Rickmers
- Ningbo Port Group plans for IPO in Shanghai, HK
- Port of Yingkou throughput surpasses 100 million tons
- China ports' annual container volume to surpass 100 million TEU
- Construction on SP-PSA terminal in Vietnam commences
- Allcargo to invest US$101 million to enlarge logistics network in India
- Drewry raises alarm about over capacity on Asia-Europe run
- Asiana Airlines to launch Beijing, Gwangju, Cheongju services
- Sinotrans Air Transportation Development GM makes management changes
- Biggest little cargo carrier Air T makes ground support division a subsidiary
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| OCTOBER 16, 2007 |
- Evergreen Line to launch weekly AEM service from Asia to E. Mediterranean
- DP World to invest euro 455 m in Dakar port
- MSC eyes 11,000-13,500-TEU ship loops by 2012
- Tianjin building new container terminal
- Shenzhen's SCT sets monthly box record in Aug.
- New Caspian shipping line operational
- Rickmers to buy 5 vessels for $ 360 m
- Giant 10,062-TEU Cosco Asia docks at Xiamen's XICT terminal
- GE Shipping orders 2 Kamsarmax dry bulk carriers
- Pomp, grandeur mark 22nd Foundation Day of SKS Logistics
- Pak court allows sale of impounded Indian sugar
- 90 TEUs loaded on to train in record 15 minutes at JNPCT
- Nepal keen to use Mumbai Port for exports
- New bauxite loading record set at Porbandar port
- VSPL makes history at Vizag Port
- Indian Post planning freighter services
- Tuticorin Custom House Agents' Assn comes of age
- Textile industry: Second largest employment provider
- CII seeks cut in interest rates to offset impact of rising rupee on exporters
- Committee considering mechanism for adjudicating disputes in GST era
- Kamal Morarka re-elected President of WTC
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| OCTOBER 15, 2007 |
- OSG in cadet training deal
- MOL opens representative offices in India
- Terminals implement SFI
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| OCTOBER 15, 2007 |
- Blank check shipping company to buy nine bulkers
- Schwarzenegger promotes Bay Area ferry shake up
- OSG to train U.S. cadets on international vessels
- Indonesia's BLT to acquire Chembulk Tankers
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| OCTOBER 15, 2007 |
- British Columbia labor unions send agreement failure letter
- First four ports online with Secure Freight Initiative
- Portland Airport adding new valet parking service
- Port of Seattle going with new logo
- Oregon AFL-CIO members back Bradwood Landing LNG terminal
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| OCTOBER 15, 2007 |
- Three ports kick start US nuclear screening scheme
SOUTHAMPTON Container Terminals, Pakistan's Port Qasim and Puerto Cortez in Honduras begin box checks.
- Singapore seeks US rethink on box scanning
- Berlian Laju swoops for Chembulk Tankers
BUY worth $850m will make it the third largest chemical tanker owner in the world.
- Canadian docker union leads security rules battle
UNION hangs tough on human rights issues in battle with authorities over new security clearance regulations.
- Emergency response can be a titanic task
PROFESSIONALISM and good communication may not be enough when disaster strikes at sea.
- Sailing into the unknown
NO one knows what will happen to container freight rates once lines' antitrust immunity is removed.
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| OCTOBER 15, 2007 |
- Fire on Stena ferry
High-speed passenger ferry Stena Voyager has docked in Belfast, to be surveyed by the UK's Maritime and Coastguard Agency, after completing its route from Scotland with a fire in the engineroom
- Daewoo delivers daring Q3 round
Daewoo Shipbuilding has recorded a turnover of W4.9 trillion ($5.4bn) for the first nine months of 2007
- Not guilty, cry freight forwarders
FREIGHT forwarders in the US and Europe accused of anti-competitive surcharges are protesting their innocence as investigators have raided offices on two continents
- Ukraine gets stake in Gdansk
UKRAINIAN steel and metallurgy group Donbas is understood to have had a long-held wish granted with approval to buy up to a 75% stake in Gdansk Shipyard
- Big borrowing to pay off for Prisco
MODEST gains in revenue and a drop in net income have been disclosed for 2006 by Primorsk Shipping Co, but a new report predicts that a fleet expansion programme should lift revenues and profitability
- Global shippers' forum launched
A WEBSITE designed to provide a global forum for shippers has been launched in the UK
- $10 seafarer levy wins union praise
- Berlian Laju buys Chembulk
- Four dead as Malaysian ferry sinks
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| OCTOBER 15, 2007 |
- Trade community wants Customs to answer questions about 10+2 filing
Brokers want answers to critical questions as agency prepares final draft of new advance filing initiative.
- UPS CEO Eskew to retire
- Tunnel crash blocks Los Angeles truck route
- Maersk to raise rates on eastbound Med
- APL box revenues up 10% as volumes soar
- Kitty Hawk files Chapter 11
- Russia port plans IPO
- Investor buys Finnish hubs
- Repairs slow Chennai box traffic
- MOL plans India rep offices
- Forwarder antitrust probe widens
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| OCTOBER 15, 2007 |
- Oil price new peak touches USD85 a barrel
- EWL targets US Midwest
- Navibulgar choose German consortium
- Maersk Line announce another GRI
- Evergreen exits ASA
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| OCTOBER 15, 2007 |
- Cadets to board OSG
Overseas Shipholding Group signs first-ever agreement with the US Maritime Administration to put maritime academy cadets on foreign-flagged ships.
- Down on tankers
Analyst drops earnings forecast for Teekay and Overseas Shipholding Group as sector rates are expected to continue downward trend.
- Ferry blaze kills four
Police are investigating a fire that left four dead and four injured on a Malaysian ferry.
- Fire on Stena vessel
Surveyors to board high-speed craft in Belfast after blaze breaks out in engine en route from Scotland.
- Three scan for nukes
Ports in Pakistan, United Kingdom and Honduras are first to go online in US Secure Freight Initiative.
- Havila buys again
Oslo-listed offshore player takes orderbook to 13 units with the $48.3m addition of a new platform supply vessel.
- FreeSeas wants money
US-listed bulker owner makes a grab for equity with an offer of 10 million shares.
- Tax tonic for PGS
Norwegian owner could book $150m in deferred assets in third quarter.
- Davie to build well duo
Canadian shipyard secures order for two offshore ships from Norwegian owner.
- Maersk hikes Atlantic rates
Cost of shipping teu of goods from US East Coast and Gulf to Mediterranean shoots up $400.
- Wizard of Oz
Union boss, Paddy Crumlin, hails ratings levy and claims Filipinos now earn more than some Australians.
- Shun Tak frozen out
Hong Kong ferry operator expects profits to suffer after being denied right to berths at new terminal.
- Third man guilty of yard theft
Danish court convicts painter of pinching materials from Odense Steel Shipyard.
- Daewoo hits new record
South Korean shipbuilder returns highest monthly figures since 2001 split with Daewoo Heavy Industries.
- It's a knockout
One bidder left standing in race to own controlling stake in Bulgaria's Navibulgar.
- Acciona in highway bid
Spanish owner thought to be among front runners for first EU maritime highway contract.
- Greenpeace in paper chase
Environmentalists block Swedish ro-ro from unloading cargo of Canadian "virgin forest" paper in Holland.
- Chantiers libel case booted out
Website editor in the clear after publishing union statement on worker treatment at French yard.
- BLT confirms Chembulk deal
Sellers set to double their money after Indonesian owner agrees to pay $850m for US competitor.
- GE takes two at STX
Indian owner Great Eastern Shipping signs for a pair of kamsarmazes at South Korea's STX Shipbuilding.
- Frenzel's vote of confidence
Board likely to extend chief's reign at tourism and boxship group TUI, despite pressure from new investors.
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| OCTOBER 15, 2007 |
- Maersk to hike North America/Med dry rates
- Indonesian firm target Chembulk
- EWL dropping ports to keep weekly frequency
- Rickmers Group receives 4,250-TEU ship for CMA CGM charter
- New PCTC for Grimaldi Group
- MOL opens India offices for car and bulk business
- Hanjin Shipping opens training center in Busan
- Airbus hands over first A380 to Singapore Airlines
- Cathay, Dragonair freight rises 5.1% in September
- Management buyout of U.S. Xpress successful
- China finally opens door to C-TPAT audits, Basham says
- China, U.S. meet in dispute over coated paper
- NRS plans distribution "city"
- Census export compliance road show gets new life
- Hutchison denies defeat in Colombo terminal bidding war
- Brooklyn waterfront in N.Y.-N.J. port authority's hands
- Babcock and Brown acquires Finnish port operators
- Jurong Port TEUs up 5% in September
- ZPMC again sole bidder for new Guam gantry crane
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| OCTOBER 15, 2007 |
- Gustaf Erikson partial owner in new vessel
Oy Langh Ship Ab has sold its dry cargo vessel Christina to the new Mariehamn-based company Rederi Ab Ting', which is partially owned by Rederiaktiebolaget Gustaf Erikson. The vessel will change to Gibraltar flag and will be renamed Ting' ...
- Doris' first mate says Skarbak reckless
Even though the chemical tanker Doris should have given way to the fishing boat Skarbak to avoid the fatal collision last week, taking avoiding action would almost certainly have caused a collision, according to captain Trygve Bekken and first mate ...
- Marinvest adds two to tanker newbuilding quartet
In spring 2004, Swedish tanker operator Marinvest ordered four 75,000 DWT product tankers from Brodosplit Shipyard in Croatia. Two vessels, Maribel and Marilee, are delivered and number three, Mari Ugland, has been launched, christened and delivery is expected in Q1 ...
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| OCTOBER 15, 2007 |
- Shipping 'lagging behind' in drive to cut emissions
Maritime industry unlikely to embrace emission-reducing technologies unless forced by regulations.
- New week brings new bunker price records
Fuel oil swaps rally in Asia. ARA trade market opens week firm.
- Rotterdam: Market firm, prompt product tight
- Singapore bunker sales retreat from monthly record
September bunker sales still strong despite pulling back from an all-time high in August.
- Titan completes shipyard purchase
Shareholders back Titan's long-term strategy.
- Catalytic cracker still down at Singapore refinery
No clear start-up date as damage assessment continues.
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