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| JUNE 18, 2007 |
Shipping News
- Shanghai Port set to finalise Belgian buy: sources
SHANGHAI International Port , China's biggest port operator, expects to finalise this year its purchase of a major stake in a Belgium container terminal, sources close to the deal said last Friday.
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| JUNE 18, 2007 |
- China-to-NZ cargo faces US$200/FEU Nanzda hike mid-July
- Shenzhen's Chiwan-Mawan container volume up 3.2pc in May
- Hamburg prepares for 18 million TEU a year by 2015
- Montagu Private Equity to acquire north Europe's Unifeeder
- Concor expects big turnover growth in India in 2010
- Nestle renews distribution, warehousing contract with GAC in Indonesia
- Hactl named handling agent of the year by Air Cargo Europe
- Atlas Air Cargo to build Korean JV terminal with Sharp
- Yinchuan-Dubai chartered cargo service poised for maiden flight
- Florida college offers on-line air cargo management course
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| JUNE 18, 2007 |
- APC-Group establishes presence in India
- L&T urges FinMin to continue subsidy for shipbuilding
- TICC Container Line mounts new landmark
- Commodity shipping rates plunge on excess capacity
- MOL to launch new service (IAX) directly linking Nhava Sheva & Mundra with US
- Engineering exporters may keep fresh contracts in abeyance
- Co-op to export raw sugar, molasses
- KPT’s Tuna port project may set sail this month-end
- Asia’s trade boom strains Europe’s biggest ports
- Rlys inks 25-year coal transportation pact with power company
- Wagons on uneconomical routes may be auctioned by Rlys
- MMTC plans jewellery SEZ with private participation
- Swelling imports take sting out of rupee appreciations for Customs Dept
- Parekh panel suggests easy exit route for core sector project developers
- Ficci to hold B2B meetings with Italian delegation
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| JUNE 15, 2007 |
- TLF Overseas Air Cargo elects new president
- Marport proves its quality after successfully passing audits
- Finnair increasing cargo capacity in Helsinki
- Port of Magdeburg starts lock construction
- Schenker and BAX Global merge in Hong Kong and Macao
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| JUNE 15, 2007 |
- IBIA says Intertanko is flying in the face of common sense
- Intertanko explains CO2 claim
- Frontline single-hull sale
- ESPO criticises EU Council decision
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| JUNE 15, 2007 |
- BrasFELS christens giant FPU
- B+H acquires product tanker
- Venezuela downplays Russian submarine purchase reportd
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| JUNE 15, 2007 |
- Belgian court steps in to save Ferryways
FERRYWAY'S vessels expected to sail again after court appoints experts take over the company.
- Ferryways on the edge of collapse after buyout by Cobelfret
- Ports make plea over places of refuge
EUROPEAN ports organisation ask MP's to insist on strong legislation on places of refuge.
- Consortium seals Irish Continental deal
CONSORTIUM of two Irish firms secures control of Irish Continental Group for $746m.
- Premuda faces change head on
GENOA tanker operator is poised for the next stage of expansion, having restructured its fleet.
- Class — a fight for survival
THESE are exciting, if dangerous times for class societies, as yards are full and orders keep flowing in.
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| JUNE 15, 2007 |
- Ferryways takeover stumbles
Cobelfret's takeover of fellow-Belgian ferry operator Ferryways is not going smoothly
- Pan Canal excavation tender extended
PANAMA Canal Authority has modified the tender for the dry excavation of the new Pacific Locks access channel and pushed back the bid submission date to 6 July
- Fyffes launch direct service to Dublin
A new weekly service with a direct call at Dublin has been launched by Fyffes Atlantic Shipping, a new subsidiary of the Fyffes banana group
- Doyle/One51 closer to ICG takeover
IRISH Continental Group looks likely to fall to a last-minute bid from the Doyle Group/One51 consortium
- Scandlines deal hammered out
GERMAN rail group Deutsche Bahn and Denmark's transport ministry appear to have broken the deadlock over the long-expected sale of Baltic ferry operator Scandlines
- US puts shipping within green plan
GREEN is the colour of a new bill introduced yesterday in Washington that includes short-sea shipping in an overall environmental plan
- US school passes LNG muster
- Aboitiz continues ship sale strategy
- Pertamina 'hindering' Indo change
- Crew comment request denied
- Toll seizes control of Kimtrans
- Daewoo opens block plant in China
- Singapore straits MOU enhances safety
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| JUNE 15, 2007 |
- Trans-Pacific fuel fee hikes coming
Transpacific Stabilization Agreement recommending that its members impose substantial increases in their fuel surcharges.
- West Coast container imports weaken in May
- Ship Finance expands box fleet
- Seaboard buys combo ship
- Lines set Mersin surcharge
- Rotterdam port rail link to Germany to open
- DHL seeking stake in Exel-Sinotrans: Report
- Japan ratifies trade agreements
- Great Lakes bulk volume declines
- FedEx Freight opens Toronto hub
- 15 vie for Chennai ro/ro hub
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| JUNE 15, 2007 |
- Is there any scope remaining for small niche operators in the container shipping industry?
Mergers and acquisitions in the container shipping industry show no sign of abating and with each new consolidation, a menacing shadow hovers over the smaller operators and niche players.
- Tanjung Priok reduces LCL tariff
- Box interests get squashed by Bulk in Santos
- South East Asia and South Asia to Australia Trade Facilitation Agreement members up their rates
- Mersin in trouble as conferences impose emergency surcharges
- Irish Continental Group acquired by Doyle Group Consortium
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| JUNE 15, 2007 |
- Meba votes for Mola
Two US officers’ unions have edged a step closer to a unification.
- Stealthgas files shelf
Principals of Harry Vafias-led StealthGas are poised for a sell-down after registering 44.4% of company shares for sale.
- Lauritzen adds capes
Danish owner books two capesize units at Hyundai as it moves into big bulk league.
- Reversal in FFA fight
FFA players have won a London reversal in their fight against a Canadian order to pay on FFAs to bankrupt NASL.
- Louis strikes back
Cypriot cruise giant reacts to arrest warrants by saying it has acted swiftly to prevent pollution from Sea Diamond.
- New charters for FreeSeas
Ion Varouxakis-led bulker owner FreeSeas has won charters for two of the four ships it is set to acquire.
- SES slips Fisher net
Management buy-out takes former FT Everard offshoot Ships Electronic Services out of James Fisher group.
- New Scandlines to renew fleet
Dano-German ferry owner Scandlines is said to be set for ship acquisitions after next week’s planned sale.
- Simonsson takes chair
Brostrom chief misses Swedish Club agm but is elected chairman.
- Frontline: a buy and a sell?
Analyst who called the OMI deal gives his top stock picks for 2007.
- SCI profit slips
Indian company’s annual profit hit by 20% slump in fourth quarter.
- JP Morgan likes NOL
US investment bank raises rating to ‘overweight’ saying NOL’s valuation is “compellingly cheap”.
- Norshipping bows out
The sun shines on Oslo’s maritime cluster but concerns remain over the future tax climate.
- Fredriksen into SapuraCrest
Tanker titan’s SeaDrill company has built up a 9% stake in Malaysian driller in the last month.
- Courage plucks gritty COA
Singapore bulker owner Courage Marine wins $25m contract of affreightment to ship gravel from China.
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| JUNE 15, 2007 |
- APL developing innovative ship-to-shore power system
- APL adds third vessel string to Central America route
- "K" Line signs deals to carry iron ore from Brazil to China
- Ship Finance orders five containerships
- EWL switches Irish call to Dublin
- Seaboard purchases combination vessel
- Ho joins Inchcape in Singapore
- Filipino engineer sentenced in oily water discharge
- Boeing: Air cargo growth to continue at 6.1 percent
- World Airways schedules vote on sale
- FedEx reveals LTL growth plans for Canada
- Mancuso wants "rational, predictable and efficient" BIS
- U.S. Chamber lays out plan for combating piracy
- Colgate warns about counterfeit toothpaste
- Schenker established Middle East, East Africa regional base
- MOL Logistics creates Europe headquarters
- Medical device firm to build Shasta Lake distribution center
- New Web site aimed at shipping investors
- Royster to leave Baltimore port post
- Los Angeles-Long Beach box volume down 4% in May
- Panama Canal Authority extends tender deadline for excavation project
- Houston port leader Bracewell dies
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| JUNE 15, 2007 |
- Scandlines sold to British/German group
Scandlines has been sold to a consortium of British and German financial interest, according to the newspaper Financial Times Deutschland ...
- Aker Kvaerner Verdal may lay off 850
The loss of two big steel working contracts may force Aker Kvaerner Verdal to lay off 850 people if new ...
- Proposal on another Estonia commission
The largest opposition party in the Estonian government has proposed that another parliamentary commission be set up to investigate the ...
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| JUNE 15, 2007 |
- New record bunker prices, again, as oil hits $68
US numbers surging as fundamentals strengthening further.
- California moves ahead with main engine regulations
Workshop hearing timeline for transition to low-sulphur distillate fuels.
- INTERTANKO says distillates would bring a 'CO2 saving'
Tanker association argues against claims that switching to distillates would generate more greenhouse gases.
- Australia: Grounded bulker to be re-floated on spring tides
Salvage teams to use jet-ski to help in hydographic survey in heavy swell.
- Singapore: Fuel oil arbitrage volumes set to fall again
Traders say July arrivals will be down for the third month in a row.
- Norway still pushing for distillates
CO2 penalty and cost arguments dismissed in Norwegian IMO policy.
- Rotterdam firms amid congestion
- Fujairah to increase handling capacity as storage grows
$200 million to be spent on building new offshore oil berths.
- Singapore prices firm on tight supply
Avails tight as suppliers wait for cargoes to be blended.
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