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| APRIL 19, 2007 |
Shipping News
- Thome Ship Management expands in the Philippines
ON the cusp of a global seafarer shortage, Singapore-based tanker management specialist Thome Ship Management has expanded its presence in the Philippines, with a new state-of-the-art training centre to help ensure the future supply of qualified crew.
- Manila revamping maritime legal framework
THE Philippines is embarking on a major consolidation and revamp of its maritime legal framework to create a new National Maritime Code, as it seeks to 'revitalise and strengthen' its maritime sector, according to a government official.
- Greek cruise tragedy not expected to hurt holiday bookings
THE sinking of a cruise ship off the island of Santorini and the resulting oil spill are not expected to dampen strong holiday bookings expected for Greece this summer, the head of a world tourism body said.
- Greek ship owner sues JPMorgan over investment losses in Russia
- Tianjin Port's H2 profit surges 40%
- 59% plunge in orders for Japan shipbuilders
- Russia plans world's longest tunnel linking Alaska
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| APRIL 19, 2007 |
- Hong Kong harbour Q1 throughput tops 5.5m TEU, up 2.3pc
- Shijiazhuang boasts of a new logistics park
- NYK receives environmental award from Japanese government
- Beijing plans to open fourth mega logistics hub
- Hanjin Shipping named Ocean Carrier of the Year by Owens Corning
- Lasw-Beijing to act as agent for AA and KE
- Emirate's Mercator joins Cargo 2000
- SITC Logistics' unit wins IATA's 'Outstanding Agent' award
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| APRIL 19, 2007 |
- TS Lines provides more comprehensive South Asia-Africa port coverage
- Greatship takes delivery of modern PSV
- J.B. Infotech & IMTC holding programmes on Friday & Sat.
- SCI declares interim dividend of 85 pc
- Gems and jewellery exports sparkle in 2006-07
- Private companies line up to build & develop jetties in Gujarat
- Mumbai Port starts new fiscal with a bang!
- 30 players attend meet on Vizhinjam ICTT project
- Surveys for rail freight corridor work begin
- Work on Delhi-Mumbai industrial corridor likely to begin in Jan. 2008
- NCAER projects 2007-08 GDP growth at 8.3 pc
- Exporters urge govt to halt rupee appreciation
- Sugar export subsidy plan dropped
- Nath to unveil annual supplement to FTP today
- Drawback committee given time till June 30 to submit report
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| APRIL 18, 2007 |
- Gondrand Group enhances management
- Höegh Autoliners strengthens presence in Korea
- Qantas to increase New York flights
- Poland to fund three container projects
- Ozburn-Hessey and MKD cooperate in USA
- Australia: National Rail and Freightcorp sold
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| APRIL 18, 2007 |
- Teekay and Torm buy OMI
- Euronav feels lower rates
- Nordic American Tanker set for further expansion
- ASRY’s busy quarter
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| APRIL 18, 2007 |
- Port of Portland reaches deal for Rivergate property leases
- General Motors taps Matson as best supplier for 2006
- Horizon cutting fares between Bellingham/Seattle
- Port of Astoria predicts record cruise season in '08
- US donating detection gear to be used in Mexican ports
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| APRIL 18, 2007 |
- Teekay and Torm to buy OMI
DEAL worth $2.2bn will see Teekay getting OMI's suezmax operations and Torm taking its product tankers.
- Potential suitors vie to mark OMI card
- Yangzijiang share price soars on debut
CHINESE shipbuilder's share price rises by 45% on first day of trading on Singapore Exchange.
- Teekay spins off conventional tanker business
NEW company, named Teekay Tankers, set to launch IPO during second half of the year.
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| APRIL 18, 2007 |
- Princess transfers naming ceremonies
PRINCESS Cruises has cancelled the Santorini naming ceremonies of the new Emerald Princess and Royal Princess
- Sea motorways tenders opened
TENDERS have been opened for motorways of the sea services linking Atlantic ports of Spain and France with northern France
- Teekay spinning off again
TEEKAY Shipping will create yet another publicly listed spin-off, Teekay Tankers, via an IPO planned for 2H07
- Pemex charters to rebuild ageing fleet
PEMEX, Mexico’s state-run energy company, will soon time charter up to ten new product tankers to help rebuild its ageing fleet
- Mexican ports join Megaports
FOUR Mexican ports that account for 90% of the country’s container throughput will soon start scanning boxes for nuclear weapons
- Yangzijiang stock soars
- Portugal bids for Brazil exports
- Migrant Watch: US/Caribbean
- Zaliv yard pushes for export orders
- Marshall Islands targets LNG ships
- Russian pipeline companies to merge
- Piracy attacks lowest in 10 years
- Short-sea needed to tackle congestion
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| APRIL 18, 2007 |
- CN won't lift lockout until law is official
Locked-out union workers won't be back on the job until later in the week despite the passing of back-to-work legislation by lawmakers.
- Rail tax breaks proposed
- Carriers: Hazmat shippers key to avoiding disaster
- Bankrupt Sea Containers shuffles management
- Torm, Teekay buy OMI
- NYCT rail link reopened
- CSX earnings slip
- Cargolux adds Atlanta gateway
- Anchorage airport to expand airfreight facilities
- Hutchison wins Brisbane box pact
- Japan export ship orders climb
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| APRIL 18, 2007 |
- Canadian parliament passes railway back-to-work bill
Canada’s federal parliament has approved legislation to force striking employees at Canadian National Railway back to work.
- OOIL port sale still stalled by investment fund standoff
OOIL has reported that its sale of the New York Container Terminal is still being held back by the authority’s insistence on funds up front.
- California to "Clean Trucks" with truck-company licensing and employment requirements
- Antwerp’s 24% March boom "mostly" organic growth, despite Rotterdam troubles
- Maersk seeks coastal clarification in New Zealand High Court
- OOCL sees 6% increase in Q1 Asia-Europe per-teu incomes
- Tightened customs import control causes congestion at Tanjung Priok
- Tianjin Port to triple capacity to 6m teu by 2010
- Kerala’s Vizhinjam project pre-bid meeting attracts 43
- Maersk launches Bangalore-Chennai blocktrain
- Charter market weakness concentrated in smaller sizes
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| APRIL 18, 2007 |
- Two alliances
Bjorn Moller talks about what led to one alliance with Torm and the possible future of a second alliance with Frontline.
- George locks in
Economou-controlled DryShips is balancing its charter mix with four less-than-a-year time charters.
- Yangzijiang IPO tops SGD 1bn
Underwriters take up over allotments as Chinese shipbuilder continues to wow investors.
- A price too dear?
Bravo, OMI, says analyst chorus, but did Teekay and Torm pay too much for the Stamford-based tanker owner?
- Sovcomflot needs suezmaxes
Transneft wants Russian owner to order four 160,000-dwt ships to handle increased exports at Baltic port of Primorsk.
- Making money
Teekay says it will pad its earnings right away in OMI deal as execs brush aside suggestions they overpaid for Connecticut owner.
- Profits triple for Q-Ship
Flurry of stock buying as tanker and gas operator records another jump in earnings.
- Cala hedges its bets
US "underwater" cruiseship company looking to Northrop Grumman to build vessels as Maltese yard deal hope fades.
- One dead on UK ship off Greece
Suspected heart failure kills unnamed man on Imperial Shipping vessel loading at Milos.
- $5m shy Di
Diana Shipping confirms capesize newbuilding purchase at rate only slightly below previous estimate.
- Damen tallies another tug
Dutch shipbuilder to build ASD 2411 unit for Hamburg towage operation Petersen & Alpers.
- Share surge for Yangzijiang
Investors push price of Chinese shipbuilder up 40% on inaugural day on the Singapore exchange.
- MES cranks up dividend
Improved profit forecasts for 2007 prompt Japanese yard to dish out more cash.
- Pietro Barbaro orders fourth
Italian owner back at MNP's Krasnoye Sormovo for latest in series of 5,000-dwt products carriers.
- Out of Africa
Emirates Shipping Lines is planning new Gulf/Indian/Africa and Africa – Far East liner services.
- FOP cocks revolver
FPSO offshoot Fred Olsen Production pulls trigger on new $500m credit facility to rearrange current deal.
- Acergy continues winning streak
Oslo-listed offshore vessel player posts higher first quarter profit as activity soars.
- No conspiracy
Indonesia clears reconstruction agency and shipyard of alleged collusion in ferry tender.
- More spin from Teekay
Another IPO on the way from Vancouver tanker owner, following deal to buy OMI with partner Torm.
- CSG surges in first quarter
Chinese state-owned boxship, tanker and bulker company posts profit and cargo volume rise.
- Numbers up at OOCL
Hong Kong container line sees double-digit growth in revenue and liftings in first quarter of 2007.
- Cheng chops charter
Euronav set to receive ‘compensation’ of $20.8m after owner cuts Shinyo Landes fixture short.
- Maersk ups bunkers
Danish containership giant increases bunker surcharge on Mediterranean – US route by 25%.
- FreeSeas fixes
US-listed handysize bulker player secures twelve month employment for one of its two ships.
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| APRIL 18, 2007 |
- Teekay, Torm to acquire OMI
- Report: EC plans carbon dioxide trading for ships
- Shipping lines ignore Indian information disclosure requirement
- Raymond: Explore short-sea now or face intermodal crisis
- Marshall Islands registry soars past 36 million tons, 1,400 vessels
- Air China, Cathay plan new cargo carrier
- Air China first quarter cargo up 15.5 percent
- Canadian Pacific Railway labor talks break down
- Many companies claim C-TPAT security program generates ROI
- Agility relocating European office to Switzerland
- JDA Software forecasts beating first-quarter expectations
- Auto parts maker Yazaki signs deal for GT Nexus logistics platform
- Fittipaldi Logistics signs deal with Qualcomm
- Wal-Mart warehouse fetches prime price in Kansas City
- McLane gears up for new Pa. distribution center
- BDP Partnering with Genesis in U.K.
- Long Beach port gives conditional support to container fee bill
- NYCT complains about terminal sale conditions
- Finnish port open logistics complex
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| APRIL 18, 2007 |
- Torm and Teekay to buy OMI
Dampskibsselskabet Torm A/S together with Teekay Shipping have laid an offer for the shares in the US based tanker ...
- BW Gas remains in Norway
Leading LPG carrier owner/operator Bergesen Worldwide Gas (BW Gas) will have to remain in Norway, unless the owner, Helmut ...
- Bourbon Dolphin enquiry begins Friday
An enquiry into the capsizing and sinking of Bourbon Dolphin, 75 nautical miles north west of Shetland, begins in a ...
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| APRIL 18, 2007 |
- ConocoPhillips expands European ship supply operations
Direct sales to ships of LSFO from own refineries begins in UK with moves afoot for similar service in Germany.
- Arbitration court asked to intervene in St. Petersburg dispute
Supplier fights challenges to use of loading berth.
- EU won't wait for IMO action on CO2
Commission confirms plans to add ship emissions to CO2 trading scheme, green group says its 'not enough'.
- 'Bunker 60' publishes its final edition
Lloyd's List ends publication of its specialist marine-fuel news service.
- Rotterdam market remains quiet
- China to issue 15 oil import licences
The 15 new firms will need to meet strict criteria before being granted the import licence.
- Pirate attacks fall in Southeast Asia
Report says attacks fell to their lowest level in five years in Q1, 2007.
- Maersk raises bunker surcharge
Surcharge to be increased on services between the Mediterranean and US/Canada
- Port authority, traders at odds on Busan sales
Busan Port Authority expects year-on-year bunker sales to increase, but traders think otherwise.
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