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| JULY 20, 2007 |
Shipping News
- Master should have delayed sailing: probe
A British investigation into the death of two seamen aboard the Singapore-flagged crude oil tanker FR8 Venture last year has found the vessel's master should have delayed sailing due to extreme weather.
- Queen's Pier in HK to go
The Hong Kong government said on Wednesday it will dismantle a harbour pier at the centre of a row over preserving the city's heritage at the end of this month, a move that will upset conservationists. The government said it will finish taking down the Queen's Pier by November, and it plans to reconstruct the jetty elsewhere although it has not decided when and where it will be moved to.
Admiralty Casebook
- Tripping over cooler box a maritime accident
A PASSENGER on a boat on a whale-watching trip has failed to convince a Canadian court that a broken leg she suffered when she tripped over a cooler box on the vessel was not related to the boat's navigation or operation.
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| JULY 20, 2007 |
- HK's June cargo soars 18.5pc in June, but rises only 2.5pc in first half
- Grand Alliance restructures its Pacific Central China Express Service
- Maersk market share down 2pc but average ship capacity up 24pc
- APL looks to Indian container terminal, depot investments
- Slip sheet technique helps pack more in containers safely: BALtrans
- Port of Vancouver, Washington hires 26 new longshoremen
- Hong Kong airport cargo rebounds, up 5.3pc in June
- Cathay's new CEO worries about cargo, but is upbeat overall
- SIA to raise service to Paris to 9 flights weekly from October
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| JULY 20, 2007 |
- Skilled manpower shortage = poor ship maintenance = non-seaworthiness = maritime tragedies
- SCI to invest over Rs 13,000 cr. in acquiring 11 lakh DWT in XI Plan
- SCI floats global tender for 4 new OSVs
- Import of sensitive items dips during April-May
- Talks on FTA with Asean may conclude soon
- Brazil set to ratify India-Mercosur PTA
- Hindustan Infrastructure to develop port at Vijaydurg
- GMB shortlists 13 potential developers for 9 ports
- Rlys eases terminal access norms for box train operators
- Ashutosh CFS commences operations near Mundra Port
- RBI’s July 31 credit policy may include EEFC interest to help exporters
- SRTEPC chief offers cushion to soften rupee appreciation effects
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| JULY 19, 2007 |
- "Rising tide of inexperience" warning
- Farstad's US$92m deals
- Rand Logistics raises US$17.8m
- MSC Napoli salvage operation continues
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| JULY 19, 2007 |
- Bourbon to sell Les Abeilles harbor towage business
- TWIC NVIC explained
- Congressional Shipbuilding Caucus meets with manufacturers
- Genco in $1.1 billion fleet expansion
- Global to build $240 million derrick/pipelay vessel
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| JULY 19, 2007 |
- Port of Tacoma site of security training exercise
- Coast Guard to honor heroes at ceremony today in Astoria
- CBP officers use hi-tech gear to nab stowaway in rail car
- National Industries subsidiary to build rail car facility in Alabama
- Genco announces plans to buy nine Capesize vessels
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| JULY 19, 2007 |
- Liner shipping to get new Brussels chief
APPOINTMENT expected this summer following competition authority reshuffle.
- EU’s liner policy branded ‘isolationist’
- Terror cover shortfalls worry shipowners
FRESH concerns arise whether insurers will be able to supply cover for other types of tonnage.
- Fears grow over energy supply crisis
NATIONAL Petroleum Council report warns of challenges in ensuring adequate energy sources.
- In praise of the inland waterway
THE European River-Sea Transport Union has a lot to be proud of but it is not resting on its laurels.
- A bitter pill to swallow
THE problem of piracy off the Horn of Africa is still in dire need of preventative medicine.
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| JULY 19, 2007 |
- Relationship spurs Genco deal
Genco's $1.1Bn acquisition of nine Capesizes from Metrostar, announced yesterday, arose from the long-standing relationship between Genco chairman Peter Georgiopoulos and Metrostar’s Theodore Angelopoulos
- Demolition principles set out
SHIP owners have been given five principles to follow when selling ships for demolition
- Genco hikes Jinhui stake
GENCO has confirmed that its stake in Jinhui Shipping & Transportation has risen significantly, to 16.9%
- Collision, grounding in Parana
NAVIGATION in the Parana River has been obstructed after a vessel ran aground and two others collided today, according to shipping agent GAC
- Duma receives law on assets
DRAFT legislation for enacting restrictions on foreign investment in strategic industries and assets has been sent to the Duma, the Russian government said yesterday
- Aliança boxboat assists stricken yacht
THE Rudolph A Oetker-owned container ship Aliança Europa diverted from its route recently to aid three crewmembers of a yacht in difficulties off the Brazilian coast
- Jakarta acts on ferry safety
- Cargo ship disappears off Horn
- BC Ferries to be hit by class action suit
- Tuticorin lines fear delays
- LA, LB talks move towards agreement
- Genco acquires Metrostar Capesizes
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| JULY 19, 2007 |
- Proposal to ban some felons from secure port areas advances in Congress
As part of 9-11 bill, both houses of Congress have approved a proposal to ban "serious felons" from secure port areas.
- Sides working out details in ILWU contract talks
- Oakland port endorses EPA/IMO emissions proposal
- E-manifest to be mandatory in Maine, Montana
- Report urges upgrade of food safety systems
- FDA won't hear protests over food x-ray inspections
- Union Pacific net up 14%
- Danaos buys five boxships
- Seaspan profits soar
- NWA Cargo fuel fee rises
- Wallenius wins Honda Ohio pact
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| JULY 19, 2007 |
- Clerical workers negotiations at Long Beach – still no breakthrough
- Maersk announces US – Mediterranean service changes
- MSC Napoli – still hanging on
- Box throughput up 15% at Antwerp
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| JULY 19, 2007 |
- Here comes Genco!
Shares in Peter Georgiopoulos' bulker venture crack $60 and are still up 14% after dramatic $1.1bn splash on capesizes.
- Box-tickers a safety risk
Rule-bound crews can’t think for themselves, P&I club says as claims rise.
- Buy, buy, buy...
Three analysts have nothing but good things to say about Genco's big acquisition as investors push share back over $60.
- Citi poaches RBS trader
Veteran FFA speciaist Richard Bowler joins London arm of US bank.
- Gujarat makes the cut
State government shortlists thirteen firms in race to develop nine greenfield ports.
- SCI issues fresh tender
Indian owner withdraws first call for offshore supply ships in favour of larger, but fewer vessels.
- Japan ports threat
Dockers warn of strikes over new Akita stevedore and waterfront deregulation “chaos”.
- LNG returns
UK gets first gas call in four months as prices surge.
- Search for ‘vanished’ ship off Socotra
Manager of vessel missing since 24 June hits out at reports that it may have sunk or fallen victim to piracy.
- FSL on target
Singapore-listed business trust reports profits of $2.3m in its debut set of results since listing.
- Sales lift L&T
Indian engineering and shipbuilding group sees net income more than double as revenues go up a third.
- Farstad fixes seven
Norwegian offshore vessel owner ties up multi-year charters potentially worth up to $124m.
- Seaspan soars
Container leasing firm sees second quarter profits jump four-fold from a year ago on larger fleet.
- Globus buys resale
George Karageorgiou's newly listed outfit buys handymax bulker delivering from China in December.
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| JULY 19, 2007 |
- Environmentalists call for EU action on ship pollution
- Seaspan sees earnings rise
- Hyundai in $150 million sale and leaseback deal with Danaos
- Danaos increases size of ships on order
- Second round of explosives might be needed to split MSC Napoli
- OOCL names 4,578-TEU ship
- Indian carrier to add Supramax bulk carrier
- First Ship Lease: Shareholder dividends exceeding expectations
- World Air shareholders approve merger with Global Aero
- Alitalia may be liquidated
- Continental's 2nd quarter profit up 15%
- Kitty Hawk exploring "strategic alternatives"
- NWA Cargo hiking transatlantic fuel surcharge
- Canadian Pacific turns down private equity takeover
- Con-way 2nd quarter profit off by a third
- CSX revenues up, volumes down
- Freight rail workers reach tentative deal after 3 years of talks
- Truckers hail defeat of New York City congestion plan
- NCBFAA asks Congress to keep CBP ag inspections
- U.S. prepares for trade mission to Vietnam
- European Commission gives CEVA nod for EGL acquisition
- Storm damage threatening Costa Rica fruit exports
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| JULY 19, 2007 |
- Brightway targets IPO
Independent Chinese bunker supplier throws 15th anniversary celebration and outlines future plans.
- Rotterdam market soars to all-time high
Strong crude and limited fuel oil supply sees Rotterdam bunker prices surpass previous records.
- Clean-up crews recover bunker waste
Some 47 metric tonnes of oil have been cleared from Ibiza's coast.
- Scrubbers stuck in washwater dilemma
Introduction of exhaust gas scrubbers held back by lack of IMO criteria for washwater discharge.
- Fuel oil stocks fall
Singapore product levels fall as arbitrage volumes fade.
- Singapore fuel oil production unit in week-long shut down
Maintenance turnaround comes at time when arbitrage volumes are falling.
- Nuclear plant closure puts pressure on fuel oil market
Japanese nuclear power station could be closed for more than a year.
- Tight supply keeps Singapore prices firm
380 cst material hits high of $391 pmt in Asian hub.
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
