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| AUGUST 20, 2007 |
Shipping News
- Sharjah's main Gulf cargo port reopens after fire
The Gulf emirate of Sharjah closed its main cargo port for seven hours on Saturday after a major fire at a lubricants warehouse, but shipping has now resumed, police and port authorities said.
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| AUGUST 20, 2007 |
- HK July box volume up 2.3, Singapore surges 14.8pc, Shanghai soars 23pc
- MKD to set up Shenzhen logistics park for electric appliances
- Taizhou port's cargo throughput growth tops Yangtze ports
- Tianjin customs service e-port is up and running
- Jinzhou port throughput reaches 17.6 million tons
- Fangcheng port first half cargo surges 72.8pc
- Penang to be turned into logistics hub for Malaysia's Northern Corridor
- Legislative congestion slows passage of California container tax
- Seattle's first half box volumes fall 1.4pc
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| AUGUST 20, 2007 |
- China Shipping orders world's largest container vessels
- New airfreight terminal for Yekaterinburg airport
- China's YICT launches sea-rail intermodal service
- Georgia hands over railway management to Parkfield
- AsstrA opens new logistics complex in Ukraine
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| AUGUST 17, 2007 |
- Best quarter ever for Camillo Eitzen
- PC Maritime’s Engine Room CBT upgraded
- Lloyd’s MIU launches new AIS products
- Eimskip Japan opens
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| AUGUST 17, 2007 |
- Apollo Management takes $1 billion stake in NCL
- Deep Sea Supply takes delivery of AHTS
- Fairmount HT CEO slams conversion project subcontractors
- FLEX LNG plans private placement
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| AUGUST 17, 2007 |
- New round of funding set for Port Security Grant Program
- Panama Canal ties record for daily large vessel transits
- New web site created for Portland International Airport
- Crowley Maritime christens new articulated tug-barge
- Weekly rail freight traffic shows signs of improvement
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| AUGUST 17, 2007 |
- Apollo takes 50% stake in NCL
PRIVATE equity firm pays $1bn for a share in the parent company of Norwegian Cruise Line.
- Star Cruises climbs back into black
- Ship financiers optimistic despite loans crisis
SHIPPING bankers remain upbeat despite the global markets crash following the US sub-prime crisis.
- Napoli bow towed into Harland and Wolff
CONTAINERSHIP'S bow section docks in Harland and Wolff today, ready to be broken up.
- Red fish, red tape, red handed
A SEATRADE reefership found itself blacklisted for a fishing ‘crime’ it had no idea it had committed.
- Debts of society
WHO recalls bankers of the past? People who developed a close relationship with their clients.
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| AUGUST 17, 2007 |
- Apollo to acquire 50% of NCL
Private equity firm Apollo Management will invest $1Bn in Norwegian Cruise Line (NCL) for a 50% stake in the recapitalised company
- Dean has W. Caribbean in sights
HURRICANE Dean seems to be aiming for the Western Caribbean and Mexico’s Yucatan Peninsula, affecting oil and cruise sectors
- Strong performance from SeaFrance
FRENCH state ferry operator SeaFrance has reported a strong performance for the first seven months of the year on its Calais-Dover route
- Brazilian shares tumble
SHIPPING companies listed on the Sao Paulo Stock Exchange – Bovespa – saw their share prices tumble yesterday as the Brazilian bourse fell by almost 9%
- London shares slide over week
SHIPPING shares in London took a roller coaster ride this week, with most of them heading south in sympathy with the wider market
- Delhi works out shipyard subsidies
INDIA'S shipping ministry has asked shipyards to provide comprehensive data on costs of shipbuilding components
- Judge rejects ballast water plea
- Ship shares slide away
- Port decongestion 'will hit rates'
- Stlot-Nielsen enters LPG logistics
- Decourt hands over at Syndarma
- Japan shares plunge as rates soar
- MISC, Precious delay bond issues
- Master missing after tug capsizes
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| AUGUST 18, 2007 |
- Dean threatens Caribbean ports
Island terminals ratchet up preparations as Category 2 hurricane approaches.
- Menlo Worldwide unit wins huge defense contract
- First ship in APL’s Suez service calls New York-New Jersey
- CH2M to manage Panama Canal expansion
- DHS awards port security grants
- FedEx Express opts for Cologne over Frankfurt
- Descartes acquires GF-X
- Hamburg Süd christens last of boxship series
- Truckers return to work at Cochin
- Panama Canal gets virtual tugboat
- Nehru gets OK on inland box fee
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| AUGUST 17, 2007 |
- Is China’s export market set to implode?
There is some concern in container shipping circles that the current adverse media coverage of Chinese export quality control problems, could seriously stall demand from China.
- ICG ‘final offer’ deadline looms
- DHS ups port security payouts
- Shipping shares sink
- Santos Brasil invests in the future
- Kalmar secures new sales
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| AUGUST 17, 2007 |
- Profits up at Esco
Tschudi-owned Estonian multipurpose player grew earnings by more than 250% in 2006.
- Scandlines scoops more passengers
Strong first half for Baltic ferry player about to leave the ownership of German and Danish states.
- Desperately seeking owners
Indian oil major IOC wants shipping partners in a bid to cut tanker charter costs.
- Gdynia on the block
Potential buyers have until 7 September to bid for Polish yard, after it satisfied the EU over production cuts.
- Cosco seeks bond sale
Cosco Shipping looking to raise $138m to finance purchase of six vessels with convertible bonds.
- STX keeps on ordering
New Times Shipbuilding grabs order for another capesize quartet from STX Pan Ocean in $300m deal.
- Egptian cargoship refloated
Salvor Multraship redelivers general cargoship to owner after it capsized in Moerdijk, Netherlands.
- Chemical reaction for Eitzen
Camillo Eitzen toasts second quarter as “best ever” after consolidation of chemical unit and booming bulker market.
- Navibulgar signs for trio
Bulgarian owner adds three more bulkers to orderbook at its former domestic yard Varna.
- Suez Canal soars in July
Monthly revenue figures show 23% year-on-year jump as transits grow.
- Naikai erases red ink
Japanese shipbuilder back in profit in first quarter as revenues more than double.
- Costly times for Svithoid
Expanding Swedish tanker owner sees first half revenue gains wiped out by operating costs as losses grow.
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| AUGUST 17, 2007 |
- Hamburg Süd names last of six Daewoo 3,752-TEU newbuilds
- ESPMC adds congestion charge for Callao
- K-Sea completes acquisition
- NYK Line appoints Barth managing director for Germany
- Sea Star Line positions management for the future
- Maersk adds U.S.-flag capacity on Middle East service
- Evergreen testing Asia/East Med waters
- Singapore company fined $10 million in grounding
- TBS buys secondhand bulk carrier for $10.7 million
- Geodis hooks up to GT Nexus portal
- Global Aero Logistics completes World Air takeover
- Turkish airline ACT commits for two A330-200 freighters
- Asia increasingly important for Miami air cargo
- "Absolutely, positively" busted
- A380 commercial service launch date set
- Former CTA VP named to head trucking executives’ council
- CMA CGM reportedly eyeing Indian logistics firm Adani
- 5 cities get $848.1 million in DOT funds for congestion relief
- Finland firm aims to launch Latvia/Moscow block train service
- DHS nears procurement for Secure Freight data mining pilot
- U.S. pork exports to dominate world market over next 10 years
- FTA welcomes British planning reforms
- Trade Symposium scheduled for mid-November
- KBS joint venture buys $516 million industrial real estate portfolio
- U.S. implements ban on trade in big cats
- DHS makes new port security grants available
- State budget battle snafus Lowenthal container bill
- Seattle port signs labor agreements to move development forward
- Ports America hires Popkowski as CFO
- Chemical leak closes Charleston Terminal
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| AUGUST 17, 2007 |
- Baltic Pilot to offer piloting services in Finland
The recently founded and privately owned Finnish company Baltic Pilot Ltd Oy starts offering pilotage services on the Rauma-fairway ...
- Sevmorput conversion to drillship
Murmansk Shipping Company (MSCO) will convert the nuclear-powered container vessel Sevmorput, built 1988, into a drillship for Arctic operation ...
- Port state control focus on ISM
A joint concentrated inspection campaign (CIC) will be conducted from September to November 2007 by the Paris MOU, Tokyo MOU ...
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| AUGUST 17, 2007 |
- California bunker sales tax exemption questioned
ARB chair clarifying comments as spotlight turning on ship emissions questions.
- Bunkers firm after rollercoaster ride
Another week of volatile prices across energy markets.
- P&I club warns on Ukraine bunker 'smuggling' fine
Customs in Ukraine routinely imposing fines on visiting vessels due to discrepancies with ship's own bunker tank figures.
- Oil rebounds on hurricane fears after big sell-off
Could send bunker prices back up after big drops this Friday, oil price outlook mixed for next week.
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