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| SEPTEMBER 20, 2007 |
Shipping News
- Pacific Basin eyes more China terminals
Pacific Basin Shipping Ltd, the world's largest operator of modern so-called handysize vessels, plans to invest in more port terminals in China because of the country's surging imports of coal and ore.
- US$9b port-related investment seen in Vietnam
Some US$4.5 billion may be invested in port building in Vietnam and a similar amount in related infrastructure by 2012 to ease congestion as cargo volume is forecast to rise 25 per cent annually, an industry official said.
- Transnet plans to upgrade Cape Town's port
South African state-owned logistics group Transnet plans to spend 4.2 billion rand (S$895.2 million) to upgrade infrastructure at Cape Town's port, a senior Transnet official said yesterday.
- Coal, iron ore charter rates rise on demand for big ships
- Gulf-to-Asia route rebounds from 4-year lows
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| SEPTEMBER 20, 2007 |
- Nanjing throughput to pass one million TEU mark in 2007
- Zhuhai government issues port use guidelines
- Yangshan Phase 2 terminal passes state inspection
- World Shipping Summit 2007 in Tianjin November 1
- Zhejiang port's container volume surges 35pc in first eight months
- Fujian ports container volume up 18pc in first eight months
- Logistics problems loom as Chinese production moves inland: APL
- Maersk forms new management team for southeast Asia
- Rotterdam Maasvlakte 2 terminal deal signed with five-member consortium
- JETT8 Airlines Cargo starts using Changi Airport
- TNT airfreights European parts to Malaysian biodiesel plant
- IATA reports air cargo enjoys continued rebound, up 3.8pc year to date
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| SEPTEMBER 20, 2007 |
- Aeromar starts operations in Chennai
- GE Shipping takes delivery of Suezmax tanker
- Varun Shipping to raise Rs 10,000 cr. for acquisitions
- Bengal receives 2 major offers to build shipyards
- Shipping lines spot glimmer of hope in EC guidelines
- Schenker India organises Autolog India 2007
- PTA with Chile ratified
- China looking forward to more JVs with Indian tea majors
- Gems & jewellery exports sparkle
- STC to import 2 lakh tonnes of pulses
- Exports by micro & SMEs reach record $ 50 bn
- Lanco Infratech in strategic alliance with Gulftainer to synergise strengths
- Spices Board fancies regional parks
- Addl Customs duty paid on electronic items imports to be refunded
- Reliance group's Navi Mumbai SEZs, several others get BoA's formal clearance
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| SEPTEMBER 19, 2007 |
- $67 billion cost for switching ships to distillates-only
- OSG brings Suezmaxes into its mix
- TBT-ban convention to enter force
- MacGregor wins major RO/RO equipment order
- SBM Offshore starts marketing LNG FPSO
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| SEPTEMBER 19, 2007 |
- Department of Ecology nod opens door for Bellingham project
- Deal signed to construct new terminal in Rotterdam
- Port of Tacoma magazine now available on Internet
- Container ship refloated following Columbia River grounding
- Customs adds Port of Ashdod to container security program
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| SEPTEMBER 19, 2007 |
- Owners meet Norway's PM over tax row
ANGERED Norwegian shipowners to meet ministers for the first time since the shock announcement of a $3.5bn back-tax proposal.
- IM Skaugen mulls Oslo exit strategy
- Two hurt in North Sea vessel gas leak
GAS leak on a Maersk-owned oil production ship in the North Sea leaves two workers injured.
- MOL makes safety pledge
LINE to spend $296m to upgrade safety systems after four major casualties last year.
- Stepping ahead with a true blue view of shipping
GRADUATION Day will soon be here for the class of 2007, with a mixture of the joy of winning and the tears of parting for the Blue MBA team.
- Parallel universe
DESIGNED to "revitalise" the 30 year old concept of World Maritime Day, the third World Maritime Day Parallel Event took place in Salvador, Brazil.
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| SEPTEMBER 19, 2007 |
- Bounce is on as dry market revives
The dry bulk market bounced back today after a perception in some quarters that there were signs of weakness appearing
- OSG jumps into Suezmax sector
OVERSEAS Shipholding Group will enter the Suezmax trade with the addition of four vessels in that class upon deliveries through 2008
- Now German tonnage tax under fire
APPLICATION of Germany's tonnage tax needs to be harmonised across all German tax administrations in order to ensure fair treatment for the country's ship owners
- Pacific Basin hunts Chinese ports
Hong Kong dry bulk operator Pacific Basin Shipping is considering a major investment in Chinese port facilities
- Ballast blunder forces evacuation
OVER 900 cruise passengers were evacuated yesterday after the Bahamas-flagged Dream developed a list as a result of a ballasting error
- Bid to block Turkish ro-ro takeover
A bid of €910M from the US buyout company Kohlberg Kravis Roberts for the Turkish UN Ro-Ro shipping group has met opposition
- Fireball engulfs Durban
- Cruises are no place for sex and murder
- Two huge Chinese yards for Pakistan
- Aus to help on Indonesia safety
- The real story on Cartagena and CSI
- Tanker owners slam 'failed' Act
- California LNG bill all out at sea
- Greek shipping minister ousted
- SCI to move into terminal ops
- Dry weather hits Australian grain
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| SEPTEMBER 19, 2007 |
- TWIC enrollment could begin in October
Roll-out could begin next month once enrollment system passes final test this week, according to DHS official.
- DHS gets failing grades
- Seattle sees August peak
- Panama FDI booming: Report
- World airfreight to triple
- APL says Vietnam must upgrade port plan
- Eagle Bulk offers shares
- DHL opens direct service linking U.S., western Canada
- Excel charters bulker
- Eimskip net rebounds
- YRC unit names COO
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| SEPTEMBER 19, 2007 |
- Oceanex selling Montreal-Newfoundland service to consortium
- Rotterdam World Gateway consortium sign up for Massvlakte 2
- Container trucks banned from Java's roads
- Property developer ups ICG stake to 21.76%
- Wan Hai and PIL to enter Far East/Black Sea trade
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| SEPTEMBER 19, 2007 |
- ISC picks up PCTC
International Shipholding Corp is to pick up a 6,400-car car and truck carrier.
- OSG leaps into suezmaxes
New York-based Overseas Shipholding Group brings suezmax tankers into its crude oil tanker fleet.
- World first for Hoegh
Hoegh LNG president Sveinung Stohle has announced plans to build first LNG FPSO.
- Tsakos confirms Olympia sale
Greece's Tsakos Energy Navigation sells aframax to Atlas Maritime.
- Double Hull confirms
Suezmax tanker Ottoman Dignity is purchased for $90.3m and chartered to Overseas Shipholding Group.
- Oceanfreight buys, borrows
US-listed Greek owner not revealing identity of panamax as new Nordea funds agreed.
- Pirates make comeback
Piracy is on the rise again following a hot streak in July.
- Breakthrough for Eimskip
Expanding Icelandic box and reefer line returns to profit in first three quarters.
- Eagle Bulk equity grab
US-based company issues 5 million shares as it sits on options for more supramaxes.
- Lauritzen orders in Japan
Danish owner goes to Kanasashi Heavy for open-hatch handysize bulker duo.
- Sea Diamond a 'time bomb'
Fuel still onboard the Sea Diamond has leaked into the ship's passenger area sparking new pollution fears.
- Two injured on Maersk ship
No damage to FPSO following gas pipe incident in the North Sea with two crew said to be stable.
- Nigeria tries again
New fund to boost domestic shipowning after fiasco of previous hand-out scheme.
- Metrostar Ferry wins backing
Six-ship order by Philippine owner is guaranteed by state-run bank.
- Essar eyes Bengal yard
Indian shipping group needs 400 acres for planned shipbuilding facility.
- Hanjin expects seasonal boost
Box volumes should rise in third quarter as orders come in for Thanksgiving and Christmas goods.
- Oslo set for tax showdown
Request from Norwegian Shipowners' Association for meeting to discuss new tax regime accepted by government.
- SCI forced to bribe
State audit shows shipowner has to pay "speed money" to get ships out of domestic ports quickly.
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| SEPTEMBER 19, 2007 |
- GSF: Antitrust dominoes will soon fall in Asian nations
- ESC: EC antitrust guidelines don't allow anticompetitive data exchange
- Indamex lines exit Savannah
- Safmarine puts old boxes to good use
- Air freight to continue rising, says ICAO
- Schenker increases air fleet network in Canada
- Traffic woes worsen for travelers, businesses study says
- Piskadlo joins ST&R
- SDV buys Pro-service
- PTP seeks more non-transshipment cargo as it approaches 5 million TEUs
- APL: Vietnam's continued growth depends on infrastructure planning
- CSI operations commence in Ashdod
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| SEPTEMBER 19, 2007 |
- TBT banned from September next year
Panama has ratified the convention that bans TBT in anti-fouling paints on ships, increasing the number of ratifying IMO member ...
- Finland preparing innovation subsidies to shipyards
The Cabinet Committee on Economic Policy in Finland has approved the ministry of trade and industry's proposal to begin preparation ...
- Mols-Linien looks for more tonnage
Mols-Linien is looking for additional tonnage to its services from Sjællands Odde to Aarhus and between Aarhus and Kalundborg ...
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| SEPTEMBER 19, 2007 |
- Indian oil company eyes Singapore bunker market
Bharat Petroleum in joint venture with US supplier.
- Chemoil issues profit warning
Lingering 'floating storage issues in Singapore' hit third quarter results.
- Rotterdam market continues to remain firm
- Explosion at Durban terminal
Firefighters bring flames under control; ships evacuated as a safety precaution.
- Asian bunkers prices bullish
Movements in Asian bunker prices mirror WTI crude oil price on NYMEX trading.
- ExxonMobil offers October cargo
Fuel oil cargo expected to be sold into the Fujairah bunker market to ease shortages.
- Bunkering resumes in Taiwan
Deliveries back to normal after typhoon passes.
- Typhoon Wipha reaches China
Operations at several ports, including Shanghai, are suspended.
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