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| MAY 17, 2007 |
Shipping News
- States to get legal backing to remove shipwrecks
AN international diplomatic conference on shipwreck removal now going on in Nairobi is expected to provide a legal basis for the removal of wrecks, currently estimated to number more than 1,300 worldwide.
- Titanic survivor's life jacket fetches £60,000
A life jacket worn by a woman who survived the sinking of the Titanic in 1912 sold for £60,000 at auction in London yesterday.
- TUI CEO expects shipping revenue to recover
TUI AG chief executive officer Michael Frenzel said he expects shipping revenue to recover and declined to give a profit forecast until regulators approve the company's takeover of First Choice Holidays plc.
- Exmar may issue shares to fund new ships
- Gunmen seize two ships in Somali waters
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| MAY 17, 2007 |
- CN's Prince Rupert port signs up Cosco
- Coscon HK to charter eight 8,500-TEU newbuilds from Seaspan
- Agility acquires sea forwarder, long-time Guangzhou business partner
- PSA teams up with Akfen to operate Mersin Port
- Kuehne + Nagel wins renewed contract from T- Mobile
- Container Corporation of India sees Q1 profit rise 24pc
- Kalmar tests automated box handling gear in virtual Hamburg CT
- Hactl conducts drill to test readiness for post-typhoon rush
- ABX Air 1Q profit drops 47pc after big tax bite
- DHL partners with NBA in China, Asia
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| MAY 17, 2007 |
- KMTC commencing weekly ‘KMS’service ex-JNP to S-E Asia, China & Far East
- Conti Lines acquires 2 vessels
- Coffee exporters land in hot water, put fresh deals in cold storage
- Cement imports now under OGL
- Mumbai Port expansion’s positive aspects highlighted
- Port of Tanjung Pelepas to play pivotal role in boosting India-Malaysia trade
- Box trailer crew at Cochin Port end stir
- Crucial role of CHAs in ex-im trade highlighted
- IMC organises meet of exporters, shipping cos & CHAs on May 23
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| MAY 17, 2007 |
- New BAWC commercial manager for northwestern Europe
- NOL Q1/2007 result down
- Volga-Dnepr revenues up 55%
- Ge-eX Logistics – new Dutch intermodal operator
- Daimler selling Chrysler unit
- DPWN increases revenues and profits in Q1/2007
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| MAY 16, 2007 |
- Navy ponders Coastal Patrol Boats
- DSME may produce ship blocks in North Korea
- Bourbon Offshore orders Damen ASD tugs
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| MAY 16, 2007 |
- Port of Everett breaking ground on waterfront development project
- First construction project tender set for Panama Canal expansion work
- NASSCO launches supply ship RICHARD E. BYRD
- New rules prohibit cruise ships from wastewater discharges in sanctuary
- Petition calls for public vote on Port of Vancouver, USA IDD levy
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| MAY 16, 2007 |
- Navios readies $100m issue as earnings soar
DRY bulk and logistics company to sell 11.5m shares of common stock under an existing shelf registration.
- One-off charges hit Navios
- Soaring costs drag Star Cruises deeper into red
NET loss more than doubles to $79.4m in the first quarter from almost $35.1m in the same period last year.
- Erika witness says prosecuting Total was 'wrong'
LAW professor says Total oil group should not be subject to legal sanctions for its role in the Erika disaster.
- Why world trade is suffering a bad case of congestion
SHIPPING made globalisation possible, so would it not be ironic if a lack of port capacity caused it to unravel?
- A salt water Celtic tiger
A NEW 'Sea Change' package is a positive and logical step forward by the Irish Maritime Development Office.
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| MAY 16, 2007 |
- Stop Stopford, says shareholder
LONDON 16 May – Shareholders should vote against the reappointment of Dr Martin Stopford as a director of shipbroker Clarksons at its AGM next Wednesday (23 May), argues shareholder Salim Bhimji, executive director of publishing company Ocean Press & Publishing
- Galileo needs a new spin
THE Galileo roadmap needs adapting to meet the 2012 deadline for when the proposed European satellite navigation system should be fully operable, the EC stressed today
- DMHI strike gains worker support
DAEWOO Mangalia shipyard workers are today in their 10th day of protest against the company management, asking for a salary increase
- Master fined for fish farm infringement
A DANISH tanker master has been fined $3,000 after admitting to navigating his vessel through a prohibited zone in Maltese waters last week
- Shipmasters slam dry ships policy
AP Moller’s zero-tolerance stance on alcohol on its ships came in for strong criticism from senior member members of seafaring union Nautilus UK today
- European owners shun EU umbrella
ALFONS Guinier, secretary-general of European Community Shipowners’ Association, stood firm against protectionism at an EU level yesterday
- Daewoo develops new LNG ship type
- Seafarers need stronger union
- Ports join forces continent-wide
- Golden Ocean interim profit rises fivefold
- White House proposes maritime changes
- Pirates back with a vengeance
- Sheths head for another show-down
- Ship price gain means STX loss
- Hamburg Süd moves to LB
- One killed, seven missing in collision
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| MAY 16, 2007 |
- Maher Terminals signs China Ocean Shipping for Port of Prince Rupert calls
Cosco will be first carrier to call new container terminal currently under development at the Port of Prince Rupert, a bulk hub in British Columbia.
- Sea Star adds Caribe links
- FedEx and Commerce Dept. renew export promotion program
- Truckers end Cochin strike
- Hanjin Heavy net improves
- Fourth new ship delivered to Intermarine
- Jade adds China-Frankfurt flights
- DHL expands Utah hub
- TNT expands Asia ground network
- Charleston adds New World Alliance Suez service
- Pacific Northwest ports plan clean-air strategy
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| MAY 17, 2007 |
- MIP to take control of Mersin
- CP Rail strike begins across Canada
- Milan tries to down Abratec Reporto extension bid
- Poor hinterlands derail Indonesia’s BIP project
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| MAY 16, 2007 |
- $100?
Does OSG deserve to be the tanker market's first triple-digit stock?
- Aries limps home
Operational problems hammer tanker and boxship operator again as profit falls 85% in first quarter.
- Flawless in Caracas
PDVSA takes Top Tankers suezmax for one-year time charter at firm rate.
- Vinashin adds 15 vessels
Vietnamese group’s Nha Trang yard to build 12 general cargoships and three feederships for sister companies.
- Knightsbridge firms on earnings beat
VLCC owner's shares rise after it tops analysts' consensus by a dime, despite weaker year-over-year performance.
- Wrist snapped up
Owner of Danish fuel supplier OW Bunker bought out by private equity fund.
- Navios bounces back
Bulk player doubles revenue and triples profit in the latest quarter as execs gear up for another share offering.
- Silversea clinches $500m loan
Luxury US cruise line picks regional German bank to fund Fincantieri newbuild.
- Blast kills three in Philippines
Terrorist attack not ruled out as engine-room explosion claims three crew and injures 14 others outside Cebu.
- Uglands ups profit
Bulkers came up trumps for Norwegian owner Johan Jorgen Ugland in 2006.
- Trio collared in Hong Kong
Bulker and heavy-lift ship join general cargoship on detention list for April.
- StealthGas ship in Vietnam collision
One seafarer dead and seven missing as vessel sinks following collision with LPG vessel outside Ho Chi Minh City.
- Uljanik boosted by sale
Croatian tanker player grateful to ship disposal for profit hike in first quarter.
- Tankerska maintains momentum
Croatian tanker and bulker owner builds first quarter profit as costs fall.
- Samsung signs for six
European owner orders series of 8,500-teu vessels at Korean yard for delivery by 2010.
- CECO on the up
Gas and dry-bulk operator Camillo Eitzen posts increased first-quarter profit but costs balloon.
- Bourbon hits half-century
French owner brings newbuilding deals to 50 this year with Damen tug order.
- Piling on the profits
Recently listed Yangzijiang Shipbuilding reports that its first quarter results have increased by 132%.
- Golden start
The strong market and gains from a ship disposal lift profits at John Fredriksen bulker outfit.
- Losses double at Star
Asian cruise line sees things go from bad to worse as net losses in first quarter are close to $80m.
- Cosco heads for Canada
Chinese liner giant to ship Asian cargoes through Prince Rupert in bid to avoid US congestion.
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| MAY 16, 2007 |
- Trailer Bridge reports $1.3 million 1st quarter profit
- CMA CGM, China Shipping streamlining Asia/U.S. East Coast service
- Pirates attack ship off Somalia
- Matson hires director of transpacific services
- Jade Cargo to start Frankfurt/Shenzhen service
- House moves to limit pilot program for Mexican trucks
- Norfolk Southern promotes Butler
- CBP shoots for June publication of "10+2"
- USDA, FDA clear detained hogs for slaughter
- Corporate Express selects Macquarie Goodman for German DC
- DLA awards Kuwait dining facilities contract to Agility
- European ports organizations partner
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| MAY 16, 2007 |
- Tanker company backs scrubbers
Krystallon says tanker owners are turning to scrubbers despite INTERTANKO's doubts.
- Total expands in the Pacific
Total Marine Fuels opens up bunker supply in Fiji after acquiring Shell's local business.
- Wrist Group sold to private equity investors
O.W. Bunker's parent company says deal will 'accelerate global expansion'.
- Owners urged to take bigger role in maritime affairs
Asian shipowners want to influence regulatory changes.
- Rotterdam market continues to soften
- Bunker players need to 'lobby regulators'
IBIA repeats calls for residual fuel to remain part of the bunker market.
- Singapore bunkers at discount to cargo
Spot bunker fuel prices pegged at lower values against fuel oil cargo prices for a third week.
- Bangladesh market outlook remains dim
Chittagong's bunker sales volume stagnant as the nation struggles with extreme poverty.
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