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| NOVEMBER 19, 2007 |
Shipping News
- Asian demand, port congestion seen boosting dry bulk shippers
Dry bulk shippers' record run is set to continue for at least another year, helped by China's insatiable appetite for iron ore and coal, and port congestion in Brazil and Australia.
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| NOVEMBER 19, 2007 |
- CKYH Alliance revamps Asia-North Europe services
- Singapore stays on top of Shanghai, Hong Kong in TEU volume
- Cosco Pacific to build container terminal at Xiamen
- Suzhou volume up 58pc to 1.5 million TEU to October
- Schenker to develop JV logistics hub in Vietnam
- NYK plugs into eco-friendly dockside electric power in LA
- GAC opens central eastern Europe logistics office in Prague
- Singapore Airline's deal ratified for 24pc of China Eastern
- Airbus proclaims Dubai Air show triumph, predicts record year
- FedEx hub to commence operations in Guangzhou next year
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| NOVEMBER 19, 2007 |
- Schenker DB Logistics and BAX Global announce merger
- Bangla seeks removal of grain export ban
- KoPT to reserve 2 berths at Haldia for handling coal, limestone
- 170 TEUs handled in 23 minutes
- Link Shipping commissions 250-tonne capacity floating crane at Mumbai Port
- 3 new reach stackers commissioned at MICT CFS
- Brass City Container Terminals commences operations
- Chidambaram considering more concessions to textile sector
- SMEs to get aid from Aussie group
- 8-9 pc GDP growth possible-PM's Advisor
- EPCES wants extension of I-T supportive measures
- Octroi goes in Gujarat
- NCAER estimates GDP growth at 8.9 pc
- CIAe happy over decision on TUFS
- Court refuses to vacate order on import of palm oil
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
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| NOVEMBER 16, 2007 |
- Pacer International announces senior management change
- CKYH reshuffles Asia-North Europe Services
- Air China launching non-stop Sydney service
- GAC to open new regional logistics office in Czech Republic
- USA: House passes ban on cross-border truck programme
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| NOVEMBER 16, 2007 |
- LR Trust sponsors German students
- SF spill row rumbles on
- Strike Club advance calls up 7.5%
- Ocean fertilization "not currently justified"
- New Andes calls Qingdao
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| NOVEMBER 16, 2007 |
- IMO moves to speed up work on GHG emissions
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| NOVEMBER 16, 2007 |
- HORIZON FALCON crew honored for bravery at sea
- Rail freight numbers drop during month of October
- NYK ship uses shore power during Port of Los Angeles call
- Carriers adding Qingdao call to Asia-Mexico/SAm service
- Panama Canal breaking records during first part of new fiscal year
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| NOVEMBER 16, 2007 |
- Market jitters force GSL to delay IPO
GLOBAL Ship Lease postpones plans for New York Stock Exchange offering as money markets worsen.
- Jacobs heads $1bn boxship venture
- Danaos set to order three more boxships
GREEK owner close to signing deal with South Korean yard for three large vessels.
- Golar LNG inks vessel deal with Shell
GOLAR LNG buys 2003-built Granatina and has eye on growing floating storage and regasification units sector.
- The winds of change blow in Marseilles
THE Mediterranean port city shows that it has been staging its own transformation.
- Preparing to manage
THE Euromed Marseille business school has launched a MBA for the new generation of senior managers.
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| NOVEMBER 16, 2007 |
- USCG failed to warn Cosco Busan
The Coast Guard Vessel Traffic Service (VTS) knew the Cosco Busan was close to hitting the Oakland Bay Bridge, but did not warn the ship, the National Transport Safety Board said yesterday
- More Kerch storms as costs rise
SEVERE storm conditions in the Kerch Strait were likely to continue today and possibly tomorrow, according to the Russian state weather centre
- Tough action planned after Black Sea spills
A CLEAN-UP is in hand on the Black Sea coast after one of the area's fiercest storms in 30 years left at least eight mariners dead, five ships sunk and a tanker broken in two
- Star slapped by currency
STAR Cruises' income fell by nearly $80M as currency translations took a heavy toll, but Norwegian Cruise Line's outlook is brightening, trhird-quarter results indicate
- Staff shortage blamed for P&I rises
STAFF shortages both at sea and onshore has led to the sudden explosion in P&I rates, according to one P&I executive
- Cruising embraces fuel fees
BOTH Norwegian Cruise Line and Royal Caribbean Cruises Ltd have unveiled new fuel surcharges, as this cost-recovery strategy goes industry-wide
- HSH-Nordbank still open for lending
- Trade Exchange to start testing
- Camillo Eitzen enjoys black quarter
- Greens block palm oil shipments
- HK group buys up Chinese yard
- Labroy gains wiped out
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| NOVEMBER 16, 2007 |
- Marad's Connaughton says U.S. could develop national maritime strategy
Marad chief says Washington may develop a new national port strategy to ease congestion at major gateway ports.
- Customs moves on GTX
- U.S., China to meet on C-TPAT
- Canada to loosen rules for port investment
- Rail strike piles up boxes at Hamburg port
- FedEx cuts financial outlook on soaring fuel costs
- Portland boxes decline
- CMA CGM pulls IPO for boxship subsidiary
- Nova Scotia terminal attracts first nation investment
- Panalpina CFO resigns
- Gulf lines hike fuel fee
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| NOVEMBER 16, 2007 |
- Are ocean carriers' 2008 business plans under threat from spiralling costs?
The Far Eastern Freight Conference (FEFC), the New World Alliance (NWA), the Transpacific Stabilisation Agreement (TSA), in fact almost every conference discussion group and ocean carrier is singing from the same hymn sheet: spiralling costs are threatening carrier viability they cry.
- China Shipping is expanding
- OOCL upgrades its KTX-1 Intra-Asia loop
- Will China's apparel supply chain become uncompetitive?
- HMM steams ahead
- Hampton Roads challenges NY/NJ's East Coast dominance
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| NOVEMBER 16, 2007 |
- Royal follows Carnival
Miami-based cruise line charges North American passengers a $5 fuel surcharge.
- B+H shares sink
Shares of Rhode Island-based B+H Ocean Carriers drop 12.5%, reaching their lowest price in at least a year.
- Golar fights the slide
Gary Smith-led LNG company hoping to bank $77.5m from an equity share offering after seeing third quarter profits drop into the red.
- Star Cruises into the red
Hong Kong-listed owner's profits plunge in third quarter as euro powers on.
- Grand price for capesize
George Economou's DryShips pays record $150m for vessel that has gained more than 40% in value in five months.
- Greens at it again
Rainbow Warrior used to blockade Greek-owned tanker at Indonesian port.
- China Shipping spreads its wings
President eyes port investments with all acquisitions destined to join CSCL's portfolio.
- Mitropoulos hits the gas
IMO chief aims to speed up emissions work as pressure mounts from all angles.
- 20 ships, por favor
Petrobras shipping arm may up a planned tanker tender to more than 20 as it takes into account production growth.
- HSH cuts to the chase
Germany's biggest provider of shipping funds is reducing loans due to the credit crunch.
- Dry tonic for Jadroplov
Croatian owner's bulkers help it turn around 2006 losses in first nine months.
- Vinashin grabs port
Vietnamese state shipbuilder granted ownership of Chan May in return for investment promises.
- BW Offshore does the business
Busier Oslo-listed FPSO player's nine-month profit up seventy-one times from last year.
- Paragon posts loss
US-listed bulker owner posts a loss for the third quarter after completing its initial public offering.
- Ocean completes transfer coup
Michael Ioannides-led company bags complete crew to accompany $230m tanker octet.
- Cosco heads rates hike
CCL leading a 14-strong consortium of boxship owners preparing to up transatlantic rates.
- VLCCs wanted
Chinese owner Nanjing Water wants to charter six ships for up to 12 years to service Sinopec contract.
- B+H equals loss
US products tanker player swings to the red in the third quarter as expenses grew and the company positioned tankers for conversion.
- Boskalis turns to China
Dutch dredging group orders rock-hauling fallpipe vessel at Yantai Raffles.
- Japanese coming to Qingdao
K Line and MOL's South American service adding direct call at vital growth port.
- Sanoyas dips into red
Japanese shipbuilder has poor first half as revenues fall and profits disappear.
- Fesco pushes up net
Russian containership owner builds bottom line in first nine months, but revenues slashed.
- Regal not off the hook
Fishermen vent frustration by issuing writ against owners of the Cosco Busan.
- Six-month merriment for Tamai
Japanese bulker owner rides the boom to better result in first half.
- CECO counts cash
Axel Eitzen's holding company posts strong nine-month earnings, boosted by bulkers and shipmanagement arm.
- Sinotrans in demand
Hong Kong IPO captures investors' imagination with interest in retail tranche 243 higher than expected and Li Ka-shing also onboard.
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| NOVEMBER 16, 2007 |
- China Shipping plans fleet expansion
- PIERS blames human error for incorrect container data
- MOL, "K" Line adding Qingdao to Asia/Mexico/South America loop
- GE SeaCo sells Australian container assets
- Dry bulk companies report higher earnings
- Intermarine gets fifth D-Class ship from Portugal
- Global Ship Lease not floating after all
- Singapore Airlines begins Brussels/Chicago freighter service
- BA World Cargo raising fuel surcharge
- Chertoff provides update on 10+2, GTX
- Drewry: Labor costs deflate China's bubble, near-sourcing on rise
- Calif. lawmaker warns China will overtake U.S. military edge
- Panalpina CFO resigns
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| NOVEMBER 16, 2007 |
- Birka Line recommends selling
The board of directors of Birka Line Abp has evaluated the offer given by Rederiaktiebolaget Ecker' to buy the rest of the shares in the company and recommends that the shareholders in Birka Line accept the offer. However it is ...
- First China ro-ro to BalticBridge
DFDS Tor Line will strengthen its service from Fredericia and Copenhagen to Klaipeda in Lithuania (BalticBridge) in February 2008. At that time the first in a series of China-ro-ros will be put in service on the route, replacing ...
- Full-year loss expected at Hurtigruten Group
Full-year losses of around NOK 150 million are now expected at Hurtigruten Group, which includes the Coastal Express service from Bergen to Kirkenes, despite improved nine-month results to pre-tax profits of NOK 107.2 million. However accounting ...
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| NOVEMBER 16, 2007 |
- Week's end brings some price relief
US bunker numbers softening but lower prices may not last.
- Age limit to eat into Japan's bunker fleet
29% of current fleet will be over 20 years old in 2012, split opinions on supply of newbuilds.
- IMO seeks speedier greenhouse gas action
Mitropoulos to present proposal enabling IMO to accelerate international rulemaking on greenhouse gases from ships.
- Controversy continues in wake of San Francisco spill
US Coast Guard replaces Bay Area disaster commander amid new accusations of mismanagement.
- Rotterdam market quiet
- Marine interests join forces in 'Green Ship Campaign'
Castrol Marine, EcoPorts, IMarEST and ProSea seeking to 'educate and motivate' marine industry on the issue of oil leaks from ships.
- Bunker costs put brakes on CMA CGM ships
The company believes speed reduction could cut costs by as much as 40% and also reduce emissions.
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