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| APRIL 18, 2007 |
Shipping News
- Private Japanese shipping fund launched in S'pore
SINGAPORE scored another success in attracting shipping funds with attractive tax perks yesterday, when a group of investors launched the first privately owned Japanese ship investment fund here.
- Malaysia open to joint patrol in Malacca Strait
MALAYSIA's defence minister urged neighbouring states yesterday to consider joint sea patrols in the busy Malacca Strait.
- Piracy attacks in S-E Asia plunge in Q1
PIRATE attacks in South-east Asian sea lanes fell to their lowest level in five years in the first quarter of 2007 due to increased patrols and other anti-piracy measures, according to a report by Singapore researchers.
- VLCC fleet growth rate may double
- HK's March container volume falls 8.8% on competition
Strait Talk
- A reality check on shipping safety
IT has been a bad couple weeks for shipping safety.
Port Shots
- Port Shots
A cargo vessel ran aground off north-eastern Japan in the Pacific early yesterday but all 17 Russian crew members were safely rescued, Japan's coast guard said.
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| APRIL 18, 2007 |
- Emirates, TS Lines partner on E Africa services
- China Merchants Holdings sees profits rise 7.4pc in 2006
- Fangcheng to double handling capacity by 2010
- APL's CIX service to serve booming N China-India trade
- Georgia Ports Authority to invest US$1.2b to fuel trade growth with Asia
- ICTSI appoints treasurer
- Dragonair Cargo launches web site
- ECS buys into West Africa cargo airline
- Christina Koh named global head of DHL's corporate communications
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| APRIL 18, 2007 |
- OOCL to launch new China-India Express (CIX) service in May
- Sri Radhakrishna Shipping skilfully handles largest air chartered ODC cargo
- Int’l navigation congress sets up regional centres to facilitate technology transfer
- Bharati to relocate entire UK shipyard machinery to Mangalore!
- India offers new set of concessions to Asean on FTA
- N-E states want to boost border trade
- Exim Bank extends lines of credit to Mali & Djibouti
- S. R. Kulkarni turns 80
- AMTOI’s Annual Day on Friday
- Urgency of upgrading technology in refrigerated trucks being felt
- Mustard cargo swells WR’s 2006-07 earnings
- Maersk Line provides dedicated Bangalore-Chennai block train with CONCOR’s help
- Appreciating rupee: Textile exporters send S.O.S. to govt
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
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| APRIL 17, 2007 |
- MOL (Europe): Patrick Allain-Launey retires
- Waterfront Container Leasing appoints Ernst Glässel as European sales and marketing agent
- Etihad to increase flights to Australia
- ABX returns to takeovers
- JF Hillebrand Group acquires Trans Ocean Distribution
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| APRIL 17, 2007 |
- Frontline confirms suezmaxes
- US helicopters respond to pirate attack
- Grounded vessels refloated Scheldt
- UKHO covers India
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| APRIL 17, 2007 |
- Teekay and Torm swoop on OMI
- Coast Guard makes major changes to Deepwater
- ACLI to add more tank barges
- Two Navy contracts for Colonna's
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| APRIL 17, 2007 |
- Malaysia mulls pipeline bypassing Malacca Strait
PROPOSED $14bn oil pipeline would be an alternative to tankers transiting busy sealane.
- Strait fund talks sought
- Tokyo Gas and Shell team up to ship LNG
PARTIES enter into master time charter party relating to charter of each other's LNG fleet.
- Management shake-up for ailing Sea Containers
LONDON-headquartered group to simplify management structure and bring in outside expertise.
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| APRIL 17, 2007 |
- Teekay, Torm to split OMI
STAMFORD 17 April – OMI Corporation has confirmed a definitive agreement to be jointly acquired by Teekay Shipping and Torm for $2.2Bn, pending shareholder approval
- Ganja ‘torpedo’ trade on the rise
JAMAICAN anti-drug police have noticed a rise in cases of marijuana being smuggled out in canisters intended to be attached to US- and UK-bound ships' hulls
- Solid DVB to become sector-focused
GERMAN transport bank DVB has managed to keep profit margins in ship lending stable despite strong international competition
- Rail boss Yakunin eyes ports
VLADIMIR Yakunin, head of Russia's state-owned rail system, has unveiled an ambitious plan to take shareholding control of at least two western Russian ports
- Ontario Teachers blast NYNJ greed
ONTARIO Teachers’ Pension Plan has strongly criticised Port Authority of New York/New Jersey’s transfer fee ultimatum for the Staten Island terminal deal
- Genting scores casino victory
- Piraeus repairs for Celtic Mist
- ITF looks at West Sailor crew complaints
- NCL joins Southampton cruisers
- HPH breaks Australia duopoly
- Korea pushes for single-hull ban
- Singapore remains Thome headquarters
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| APRIL 17, 2007 |
- Canada moves to end CN Rail strike
Ottawa fast-tracks back-to-work legislation to end labor battle that has hampered rail service at Port of Vancouver, restart contract talks.
- Raymond: Time is now for short sea shipping
- New Japanese report criticizes HMT, Jones Act
- Food and Drug Administration plans restructuring
- U.S. expands anti-nuke container inspections
- Record year for Jaxport
- Profit drops at J.B. Hunt
- Werner earnings tumble
- June start for DP World India box project
- Volume boosts Dalian profit
- Eurogate boxes up 17%
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| APRIL 17, 2007 |
- Carrier: ASEAN feeders require minimum 1,000 teu ships
Indonesian carrier Djakarta Lloyd will re-deploy its chartered-out 400 teu vessel in the domestic trade, following the end of its PIL charter, as the ship is too small to be deployed intra-Asia.
- Brisbane selects Hutchison
- UPDATE: Canadian government move nears in rail strike
- Shippers protest Rate Agreements’ THC hike in four trades
- Korex becomes largest shareholder of Pusan East Container Terminal
- A rising tide lifts all boats: Seaspan net earnings rise alongside expanding fleet and revenues
- South Korean port Mokpo launches incentive plan
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| APRIL 17, 2007 |
- Teekay, Torm to split OMI
Teekay and Torm are divvying up US suezmax and products-tanker owner OMI Corp in deal worth $2.2bn.
- Mexican mystery tankers
Mexico’s Pemex says it will charter in 10 products tankers with purchase option to renew its domestic fleet.
- Erika ‘blackmail’ charge
A Paris court has been shown photos allegedly offered to the Erika's owner in a $500,000 blackmail bid.
- Maersk Broker lands in Germany
Danish giant signs joint venture agreement with Albis to target newbuilding and s&p deals.
- CSCL off to better start
Chinese container line has increased volumes and revenues in first quarter.
- Deutsche ends 10-year run
German bank posts first profit decline on shipping in a decade but don't worry, say staff, it's all about cross-selling.
- Navios nets tasty charters
Greek dry-bulk player sees trio grab deals of two or three years at average of $10,000 per day above current rates.
- New yard for Iran
Work to begin this year on Caspian Sea facility at port of Feridunkenar.
- DVB overcomes low prices
Transport financier logs leap in annual profit after fund management comes up trumps.
- StealthGas ship in careless Whispa hit?
‘Collision’ or ‘close-quarters’? Details remain foggy of incident involving StealthGas carrier off UK.
- Vroon confirms Mipo quartet
Dutch owner’s order of four 3,500-ceu car carriers in Korea could cost it up to $220m.
- SMT heads to China
German bulker owner orders four small multipurpose ships at Chongqing Dongfeng.
- Crew rescued off Japan
Seventeen Russians plucked from stricken cargo vessel intentionally grounded by captain to prevent sinking.
- Gdansk trains sights on defence
Polish shipbuilder hopes military contracts could give it much-needed cash boost.
- SNO getting bigger
Romanian shipyard forecasting better profit and revenues this year as it signs 10 newbuilding contracts.
- SeaDrill bought to heel
Punitive fines force Fredriksen drilling vehicle to make mandatory offer for Eastern Drilling.
- Two ships ground in Scheldt
Sovcomflot multi-purpose vessel and Grimaldi Lines car-carrier ground near Antwerp in the past week.
- Same again for Japan
March port state checks end in detention for 16 ships, unchanged from February’s total.
- Lloyd Fonds on the up
Sales and profit boosted in 2006 as Deutsche Bank containership fund set to swell coffers further this year.
- PGS buys into oil operation
Norwegian seismic survey vessel player takes stake in UK exploration outfit Genesis.
- Surge for Seaspan
US-listed boxship owner making much more cash so far this year after growing its fleet.
- Philippines ferry aground
Passengers stuck on Maypalad-owned vessel overnight after it hit sandbank.
- Full house
Frontline plays its last card with firming up of remaining two suezmax options at China’s Jiangsu Rongsheng.
- Newcastle expansion approved
Australians give the green light for new coal export terminal and expansion of existing facility.
- TOP sells Errorless
Evangelos Pistiolis’ US-listed tanker outfit books $1.1m profit on sale of ex-Fred Olsen suezmax.
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| APRIL 17, 2007 |
- Seaspan's 1st quarter profit up 65%
- Sea Containers calls on AlixPartners to aid restructuring
- Torm to buy back shares
- Con-way reports earnings drop, optimistic about Menlo outlook
- Wash. state legislators: Where is rail service for Quincy, Wash.?
- Fake CDs, books destroyed in China amid WTO allegations from U.S
- Shooting spree forces Va. governor to abandon trade mission
- Vietnam logistics industry lacking experience, capital, organization
- FKI Logistex merges Canadian divisions
- Georgia plans $1.2 billion of port improvements
- Eurogate earnings up 4% in 2006
- HPH chosen to run two new Brisbane berths
- Atlantic Container Service promotes three
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| APRIL 17, 2007 |
- Frontline confirms last two suezmax vessels
Frontline now has eight suezmax and four VLCC newbuildings on order after the company has exercised the remaining two options ...
- Danish safety training in Canadian oil project
Force Technology in Copenhagen has completed a comprehensive full mission bridge simulation for the Enbridge Gateway Pipelines project. Force have ...
- DFDS swap ships on the North Sea routes
DFDS Seaways will make a swap of ships on the North Sea routes. The latest purchase, the Princess of Norway ...
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| APRIL 17, 2007 |
- Poll result: No end in sight for residual fuel
Industry survey concluding that tank switching and abatement will keep fuel oil bunkers in use.
- 28th IBC ready with 'Zero Emissions' agenda
International Bunker Conference opens next week in Stavanger, Norway's 'oil capital'.
- Agents want reform of South African bunker sector
Refiners have been 'very, very lax' in their treatment of the bunker market.
- New refinery offers first fuel oil tender
Product is likely to end up in the Fujairah bunker market.
- Sea Diamond's fuel still causing concern
Locals unhappy at slow pace of fuel recovery operation.
- OPEC lowers oil demand forecast
Oil cartel says there is no need to increase production quotas.
- Work to start on Singapore oil caverns in November
The first two underground oil storage caverns should be operational by December 2010.
- Tokyo prices competitive to neighbouring markets
Tokyo demand 'tame' despite prices dipping below Busan.
- Japan: February bonded bunker sales fall
Bonded bunker fuel sales dropped more than 20% both month-on-month and year-on-year.
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