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| JANUARY 18, 2007 |
Shipping News
- Transpacific container lines remain bullish about 2007
CONTAINER shipping lines operating on the transpacific trade remain bullish about market conditions this year, citing strong cargo demand and lower estimates of capacity growth, despite a forecast supply/demand spread of up to 5.4 per cent.
- Lloyd's insurers see rates fall
LLOYD's of London insurers Atrium Underwriting plc and Hardy Underwriting plc said insurance prices declined in places not prone to natural disasters.
- S'pore K-Line aims to double Aframax fleet by 2015
SINGAPORE-based K-Line Pte Ltd plans to double the size of its Aframax oil tanker fleet to 20 vessels in eight years, a top company official said.
- Persian Gulf tanker rates may rise as Opec fails on cut pledge
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| JANUARY 18, 2007 |
- TSA predicts balanced supply and demand relationship on trades in '07
- SCT announces new service KSX from ZIM Line
- Jining-Tongliao railway volume surpasses 18m tons
- Yingkou port handles 1m TEU in 2006
- Safmarine celebrates building of new vessel
- Northport leverages demand for halal products among Muslim nations
- Garment exporters cry foul over THC hikes in Sri Lanka
- Changi posts record results for cargo in 2006
- Atlanta No 1 airport in US for 2nd year running
- BT lays Royal Mail low with enormous TNT contract
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| JANUARY 18, 2007 |
- Rogers Logistics WWL India launched
- Asian freight rates hit 18-month high
- World forum on navigation to meet in Kochi
- GE Shipping takes delivery of MR product tanker
- Onion exports up by 59 pc
- Rs 111-cr. Exim Bank credit for Guinea-Bissau
- Car producers studying scope for dedicated export facility at Tuna & Hazira ports
- Maharashtra too plans dedicated ports for automobile exports
- Rlys may offer sops to entice new players
- National Bulk Handling Corp. may opt for foreign collaboration to augment warehousing capacities
- CONCOR’s Q3 net jumps by impressive 21 pc
- Lalu may unveil attractive seasonal discount schemes for freight in Rly Budget
- Expanded duty drawback scheme may replace DEPB
- Fieo hails move to streamline exports
- Phase out tax sops, but gradually-PHDCCI
- Move to set aside $ 10 bn from forex kitty to develop infrastructure
- External commercial borrowings limit hiked to $ 22 bn
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| JANUARY 17, 2007 |
- Happy birthday Horst O. A. Schunck
- "Safmarine Mulanje" to join the Safmarine Fleet
- Air Baltic posts record results
- Ökombi: new Regensburg–Trento ro-mo
- Geodis: sales rose in fiscal 2006
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| JANUARY 17, 2007 |
- ITF – fatigue "clear risk"
- SpecTec signs deal with James Fisher
- ECIC changes fuel charge
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| JANUARY 17, 2007 |
- India's ABG Shipyard books $229 million order
- Leadership changes at W&O Supply
- Foss Maritime reorganizes corporate structure
- MARAD seeks comments on boosting U.S.-flag LNG fleet
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| JANUARY 17, 2007 |
- Everett Port Commissioners Ok gantry crane purchase
- TSA member carriers look for growth in 2007
- AAPA management conference will focus on Latin America/Caribbean
- Stark Investments taps Dinsmore as Infrastructure Investment division boss
- Horizon Lines adding new Micronesia/Palau service
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| JANUARY 18, 2007 |
- Angelopoulos returns to drybulk with capesizes
THEODORE Angelopoulos has taken his first step back into the dry bulk market with a 180,000-tonner, the Ferro Goa.
- Quintana reigns as king of kamsarmax
- Star in timely $345m deal for eight TMT bulkers
‘BLANK cheque’ company clinches a deal to acquire eight bulk carriers from Taiwan’s TMT Co.
- Pacific First places $229m India yard order
A LITTLE known Singapore shipowner Pacific First Shipping has placed a $229m, 12-vessel order with ABG Shipyard in India.
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| JANUARY 17, 2007 |
- König's Marenave builds its fleet
HAMBURG 17 January – Marenave Schifffahrts, Germany’s first listed ship investment company, has added two more Panamax product tankers to its fledgling fleet
- Easy winter for Baltic icebreakers
THE first Finnish icebreaker left its base in Helsinki today, almost two months later than usual as an unusually mild winter has led to slow icing of the Baltic
- Tallink continues strong performance
ESTONIAN ferry company Tallink had a strong start to its current financial year, with net profit in the quarter to 30 November 2006 more than trebling that of the 2005 period
- Court backs Eurotunnel debt plan
THE Paris Commercial Court has added its backing to Eurotunnel creditors in supporting the company’s debt restructuring programme
- Titan accepts New Carissa challenge
US salvor Titan has reached agreement with the State of Oregon regarding removal of the wreck of the bulk carrier New Carissa
- Hamburg Süd owner Oetker dies
One of Germany’s most celebrated entrepreneurs and ship owners, Rudolf August Oetker, died in a Hamburg hospital yesterday
- Port congestion hits Rio Tinto profits
- Migrant Watch: US/Caribbean#1
- Caribbean #2: Ro-pax assists in migrant rescue
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| JANUARY 17, 2007 |
- LA-Long Beach caps record year
The Los Angeles-Long Beach port complex handled a record 15.76 million TEUs in 2006, an increase of 11 percent from the previous year.
- APM Terminals alleges NY-NJ Port Authority violated lease
- Vancouver TEUs up 25%
- Virginia ports sign long-term deal with CSAV
- Halterm sale completed
- CMA CGM makes Caribbean move
- Business wants Doha revival
- Lakes traffic flat in 2006
- "K" Line opens Poland office
- Guatemalan port union leader killed
- Kuehne & Nagel expands in Japan
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| JANUARY 17, 2007 |
- Maersk adds direct links between Asia and the Middle East
Maersk Line is reshuffling capacity to launch a new loop and add direct calls to Japan and South Korea on its Asia-Middle East network in March and April.
- Rising tide lifts all boats in charter market
- Australian terminals to apply electronic import deliveries
- Tamil Nadu government green-lights Colachel hub project
- Zim launches four-ship Korea Straits Express
- UASC wants to move into Northern China through slot swaps
- CSAV sign five year deal with Virginia
- Bird flu outbreak stalls Japan's poultry exports
- Australian meat exports break records in 2006
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| JANUARY 17, 2007 |
- Star power
Petros Pappas' US ‘spac’ emerges from the shadows to snap up 8-ship bulker fleet from TMT.
- K Line in aframax push
Japanese owner’s Singapore arm KLPL to double fleet to 20 ships in eight years.
- Wan Hai hopes to fuel profits
Taiwanese boxship line thinks lower bunker and charter costs will offset falling freight rates in 2007.
- Third ship fingered in Italy crash
Early investigations suggest other vessel may have blocked container ship’s view before collision which killed four.
- It's a Goa for Metrostar
Angelopoulos' firm takes delivery of Imabari newbuild as fleet grows to four.
- Lasco sells to Marenave
Latvian owner confirms Konig fund will buy two vessels to free up capital for newbuilding programme.
- Grain of comfort for Cargill
US agricultural commodities giant hails “outstanding results” as profit leaps a third in second quarter.
- Concordia loses Halliburton fight
Swedish owner must pay $3.6m after court rules it should compensate US group for VLCC conversion work.
- Filipino treble
White List status maintained, employment at new high, remittances near record $2bn.
- EU lays down law
Unions told Polish yards must meet profit and capacity targets if they are to keep state aid.
- Drive unit blamed for accident
Canada’s BC Ferries must install alarms after loading error tipped truck into water.
- ABG wins bulky order
Little known owner places $229m order at Indian yard for three supramaxes and nine AHTS units.
- Tallink in strong start
Expanded Estonian ferry operator posts bigger profit for first quarter after adding Silja Line.
- DPRK wheeling round sanctions?
North Korea accused of using Cambodia-flagged vessel to import bicycles from Russia via Japan.
- Yang Ming sees revenue rise
Taiwanese box line expecting 10% boost in turnover as trade grows this year.
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| JANUARY 17, 2007 |
- Maersk adding service to Asia/Middle East
- NileDutch, Delmas to start East Coast South America/West Africa loop
- Germanischer Lloyd restructuring maritime services division
- MarAd seeks comments on LNG trade
- MOL holding safety conferences for seafarers
- "K" Line (Deutschland) moves into Poland
- Rudolf Oetker, shipping entrepreneur, dies at 90
- Swiss WorldCargo selects Mercator as IT partner
- New Lufthansa Cargo boss anticipates good 2007
- Continental to start Newark/Athens flights
- CSX hazmat derailment ties up Louisville
- Penalties for new HTS rules to kick in Feb. 20
- Kuehne + Nagel opens Narita, Japan logistics center
- DSV now one brand, looking to Central Europe for takeovers
- Report: Macquarie, DP World among others bidding for HHLA
- APM Terminals North America takes New York-New Jersey complaint to FMC
- Union sues Coast Guard over Aker/OSG tankers
- Philadelphia doubles intermodal incentive
- Heavy-duty mobile crane for Madagascar port
- Companies study auto ports in India
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| JANUARY 17, 2007 |
- Sundbusserne threatened by huge tax claim
Sundbusserne, the passenger vessels sailing between Helsingør and Helsingborg, have come into trouble with the customs authorities in both Sweden ...
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| JANUARY 17, 2007 |
- Bunker spill due to severed finger
Series of mishaps leading to ship grounding and fuel spillage.
- Fuel still leaking into the sea near Ventspils
Salvors wait for waves to calm before starting de-bunkering operations.
- Cruise operators could boost Asian bunker market
Sydney, Singapore, Hong Kong, Shanghai and Yokohama are likely to be industry's hubs.
- Prices tumble in Rotterdam
Prices falling in the European fuel oil market, but arbitrage opportunities to Asia still weak.
- Rotterdam market continues downward trend
- Saudi minister rules out emergency OPEC meeting
Supply and demand in the crude oil market is ''healthy'', Saudi minister says.
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