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| OCTOBER 17, 2007 |
Shipping News
- Samsung Heavy wins US$1.37b order
Samsung Heavy Industries Co, the world's second-largest shipyard, won an order to build eight vessels worth US$1.37 billion, its biggest order this year, as demand increased from marine-cargo transporters.
- Capesize rate dips as shipping futures fall
Rates for hiring the largest carriers used to transport coal, iron ore and other dry goods fell from a record, tracking declines in shipping futures.
- UPS chief Michael Eskew to retire
United Parcel Service Inc (UPS), the world's largest package shipping company, said Michael Eskew will retire as chief executive officer and be replaced by chief financial officer Scott Davis.
- Pirate attacks up 14% globally this year
- Daewoo Shipbuilding shares at 3-month high
- Background checks for US port workers
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| OCTOBER 17, 2007 |
- CSCL Japan, Nippon Express join in logistics venture
- Hong Kong company to set up logistics park in Nantong
- Lianyungang-Russia rail container service launched
- Port of Rizhao throughput up 20.5 pc through September
- Port of Fangchenggang box volume surges 65pc in first eight months
- China has more than 10,000 shipping berths
- GS1 speakers urge enterprises to meet rising supply chain demands
- Geodis opens groupage office in Amiens north of Paris
- IMO, Canada tell containerships to avoid killing whales
- Juneyao Airlines launches Shanghai to Haikou, Shenyang services
- China Eastern starts Shanghai-Busan flights via town near North Korea
- Wuhan to build US$45 million airport logistics park
- New IL-76TD-90VD freighter enters Volga-Dnepr service
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| OCTOBER 17, 2007 |
- SCI-Bharati deal shot-in-arm for indigenous shipbuilding industry
- Sethu channel project: Coastal players see watered-down benefits
- Garware Offshore to test shipbuilding waters
- Pentagon Marine Services & Finaval consolidate strengths
- Paris think-tank says ship capacity being kept under shroud
- India, SA & Brazil plan to set up joint shipping company
- Govt may cut onion export price soon
- Scope for Indo-Australian JVs seen in energy and infrastructure-related technologies
- Pharmaceutical exports can treble India-SA trade-Ficci paper
- US Customs bond on shrimp imports illegal, rules WTO
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| OCTOBER 17, 2007 |
- Lehnkering names head of road logistics and services division
- MOL opens offices in India for bulk carrier business
- Lufthansa continues growth
- Etihad Airways to increase flights by 20%
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| OCTOBER 16, 2007 |
- Decline in piracy "bottomed out"
- "Steady progress" of Jacksonville port project
- Rickmers' new Korean subsidiary
- Tidewater results estimate lower that expectations
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| OCTOBER 16, 2007 |
- Sharp increase in piracy attacks
- Bharati and Apeejay in new Indian shipyard JV
- Tidewater gives earnings guidance
- Quintana Maritime eyes "strategic alternatives"
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| OCTOBER 16, 2007 |
- US shipmaster arrested in Spain
Lawyers challenge the arrest yesterday of the US-citizen master of the Bahamas-flagged Odyssey Explorer.
- A Spanish Odyssey hits dire straits
- Quintana shares surge on sale speculation
QUINTANA Maritime is exploring strategic alternatives to enhance shareholder value.
- Glencore and Transpetrol forge tanker link
FIRMS agree to equally share their interests in six tanker newbuildings.
- Finance tightens up but shipping carries on regardless
THE cost of ship finance is going up, but loan margins are not rising because shipping has become a riskier proposition.
- It can't go on for ever
THE good times are rolling right now for the dry bulk market and there is hope the cycle will be of longer duration.
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| OCTOBER 16, 2007 |
- Quintana in sale rumour
Speculation is rampant on Wall Street today as to whether Quintana Maritime may be up for sale
- Mermaid hauls 'big wigs' in listing
Mermaid has opened trading in Singapore's stock exchange and is now off to a blistering start
- Competition hots up on tonnage tax
THE ink is hardly dry on the new tonnage tax law for the Netherlands Antilles before the Dutch government in The Hague is looking at further relaxing its own laws
- Treasure hunter arrested
SPANISH security forces have intercepted the Ocean Explorer, a treasure-hunting ship owned by US-based Odyssey Marine Exploration and escorted the ship to Algeciras
- Dreyfus derides deplorable Newhaven
"DEPLORABLE" facilities at Newhaven are holding back the new ferry service from Dieppe, according ship operator Louis Dreyfus
- MarAd joins California conflab
FEDERAL, state and local officials joined on Friday to establish a "collaboration" to address daunting environmental and infrastructure challenges
- Putin joins Caspian summit
- Oceanaut makes $700M bulk buy
- Advance cargo declarations retreat
- Ex-KGB man to run Russian oil flows
- Trade treaty hangs in balance
- Samsung to build 16,000teu monster
- Haiti trade to be raised from dead?
- Star Cruises pulls out of India
- RCCL fleet shuffle continues
- OSG to train marine cadets
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| OCTOBER 16, 2007 |
- TWIC sign-up begins at Wilmington, Del.
Transportation Security Administration begins enrolling workers for biometric ID card at eastern port.
- LA-Long Beach facing steep expansion costs
- CN opens intermodal rail terminal in British Columbia
- Traders warned to prepare for ACE system roll-out
- Double throughput or suffer, U.S. ports told
- Auto logistics mulls port efficiency upgrades
- CCM names Prince president
- EU wants to end short-sea customs checks
- Port of Jacksonville to open MOL terminal in 2009
- EVA adds Houston service
- CMA CGM opens Senegal short-sea service
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| OCTOBER 16, 2007 |
- CN opens British Columbia intermodal terminal
- CSCL gears up for expansion as Q3 revenue surges by 30%
- Melbourne readies for deepening
- China ready to celebrate 100 million TEU
- DP World ports are first to start controversial 100% container scanning
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| OCTOBER 16, 2007 |
- Builders face tariff ax
As Canada negotiates a free-trade agreement with South Korea, shipbuilders are bracing for the prospect that officials will lift the 25% tariff on foreign vessels.
- Quintana for sale?
US-listed bulker owner announces that it is seeking "strategic alternatives" in light of skyrocketing asset values, leading at least one analyst to wonder if the company is up for sale.
- Spill has $6m price tag
Estimate for Puerto Rican oil spill tied to General Maritime reaches more than $6m as crews finish cleanup efforts.
- Thumbs up for dry-bulk
Jefferies analyst issues a round of boosts to shipping company projections as dry-bulk sector charter rates strengthen.
- Crew crisis bites
Canada and Vietnam latest to suffer from dearth of seafarers leaving ships short-handed.
- Bore builds fleet
Finnish owner snaps up two multipurpose vessels from Dutch owner Kornet.
- Hammer for Cefor
Norwegian marine insurance organisation seeks to forge a stronger presence with Helle Hammer.
- Piracy on the rise again
Somalia and Nigeria still showing the largest increases but Malacca Strait continues to buck the trend.
- Pittas pays out
Euroseas third quarter dividend increases by 16% on previous period as dry bulk market keeps cash flowing.
- Putin flies united flag
Russian premier announces plans to exclude foreign-flagged vessels from the Caspian Sea.
- Orey in at Bilbao
Portuguese broker and agent taking 50% stake in Spanish port operating company.
- Oca backs ratings fund
Head of key Filipino union supports rich-world crew subsidy but admits it means less money for his members.
- Tidewater lowers expectations
US supply ship giant will dip below analysts' quarterly profit forecasts as ship sales fall.
- Technip orders in Korea
French offshore and subsea services group signs for a pipelay unit at STX Heavy Industries.
- STX in buy-back bid
South Korean owner wants to regain some of its holding following recent bank deal.
- Siem sells oldie
Oslo-listed offshore player sells ageing standby vessel for $10.5m.
- CSG grows in Romania
Chinese giant's Romanian agency joint venture benefiting from growing domestic imports.
- CSCL marches on
Hong Kong-listed line sees share price soar to boost its expansion plans ahead of a Shanghai listing.
- Hong Kong detains duo
SCI bulker and Technomar boxship failed September safety checks.
- MNP teams with Rolls-Royce
Russian shipyard group to target offshore vessel market with help of ship designer.
- Samsung confirms Zim order
South Korean yard reveals itself as builder of eight 12,600-teu units for Israeli outfit in $1.37bn deal.
- More strong growth at PSA
Singapore's dominant terminal operator saw another month of double-digit increases in volumes.
- South Africa goes tripartite
Government plots shipping line to link Mumbai, Cape Town and Sao Paulo.
- Oceanaut confirms Restis deal
Excel Maritime-backed blank-cheque outfit to buy nine bulkers as well as sell shares to Restis family.
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| OCTOBER 16, 2007 |
- APL's average box revenue continues climb
- OOCL parent orders four 8,600-TEU ships from Chinese yard
- Lazard: No near term boost from tanker conversions
- Oceanaut plans fleet purchase
- Rickmers creates Korea subsidiary
- TBS takes delivery of bulker
- OOCL adding Rotterdam to Irish feeder
- Zim box ships pass U.S. Coast Guard's Qualship 21 test
- UPS announces major leadership change
- Kitty Hawk files for Chapter 11 reorganization
- Martinez joins Global Aero Logistics board
- BA World Cargo makes India appointments
- CN opens Prince George Distribution Center
- Prince named president of chassis pool manager
- Kazakh demand for export docs jeopardizes U.S. trade
- U.S. Coast Guard chief seeks risk-based supply chain security
- Child labor provision could ban more imports
- Dubai firm plans logistics park in South Carolina
- UTi completes Israeli deals
- SoCal ports plan to forge ahead with truck plan
- ICTSI names Ecuador, Brazil officers
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| OCTOBER 16, 2007 |
- Svitzer swaps two tugs in Baltic operation
Svitzer A/S is about to change tugs in their barge train running from the Baltic area to shipyards in Stralsund and Odense. The Svitzer Munin, flying Saint Vincent flag, will shortly be sold back to Sweden and re-flagged ...
- Hearing on Bourbon Dolphin stability
All through the Bourbon Dolphin hearings in 'lesund, Norway, the vessels stability has been questioned and a special hearing opens next week to find the answers to some important questions regarding stability. Both the builder of the vessel, Ulstein Verft ...
- Owners tax payments
More of Norwegian owners' tax bills could be converted into environmental measures. The Norwegian Ship owners' Association (NSA) would welcome this switch to dampen the detrimental effects of the NOK 14 billion back-tax bill. The total tax bill in ...
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| OCTOBER 16, 2007 |
- Fuel surcharges up yet again
Bunker price surge in 'recent weeks' blamed for increase.
- New executive team at SEAaT
Work aimed at reducing emissions from ships to be driven forward with tanker and oil industry executives at the helm.
- $90 crude oil 'easily within reach'
WTI crude close to $88 per barrel on fears of Turkish incursion into Iraq.
- Rotterdam: Many suppliers fully booked
- Japan bonded bunker sales dip in August
Both bunker fuel and MDO sales fall from previous year and month.
- Red tape may jeopardize competitiveness
New rules such as tariffs and licenses for bunkering could push up costs at South African ports.
- Busan prices match Singapore
Good availability in Korean ports; prices expected to firm further today.
- Iranian hub undercuts Fujairah
Cockett Marine says bunker sales are growing at Bandar Abbas.
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