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| NOVEMBER 20, 2007 |
Shipping News
- MISC sees downturn as chance to grow tanker fleet
Amidst fears of a tanker glut, MISC Bhd sees growth opportunities in the tanker business, says a report in The StarBiz.
- Daewoo's Oct net profit more than doubles
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, said profit last month more than doubled from a year earlier as it built more vessels at higher prices.
- Precious to buy 15 new vessels
Precious Shipping, Thailand's largest shipping firm, said yesterday it planned to spend US$474 million on 15 new vessels to replace its ageing fleet.
- Sinotrans Shipping raises US$1.5b from IPO
- Bulk shipping market to remain 'tight' in '08: shipbroker
- Off to kill humpbacks
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| NOVEMBER 20, 2007 |
- IMO chief seeks acceleration of cutbacks on ship carbon emissions
- Ningbo makes deal with Shangrao city to speed customs clearance
- OOCL Logistics sets up Customs House Brokerage unit
- Kuehne + Nagel to deliver Heineken beer across the UK
- Guangxi's trade with Africa soars 120pc to October
- Brisbane claims lead in Australia's container race
- CSCL adds large-scale logistics to its container carrier role
- SkyTeam signs on China Southern, first mainland China member
- Pittsburgh airport plans to open air cargo route to China
- UK steps up security in face of continuing terror threat
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| NOVEMBER 20, 2007 |
- Uniworld emerging as most versatile logistics service provider
- IMO to accelerate programme on reducing greenhouse gas emissions from ships
- Iron ore, coal freight rates likely to move up
- New World Alliance deploys eight mega ships on Asia-Europe run
- Seaconnect offers new feeder service from Hamburg port to St. Petersburg
- ...cuts back transpacific capacity by 10 pc
- HPH to build and operate new box terminal in Karachi
- Chinese logistics market valued at $ 267.5 bn
- Safmarine replacing fleet with greener vessels, bids farewell to 'Big Whites'
- FEFC to impose inbound congestion surcharge in UK
- Panama Canal's proposed third locks passes environmental impact test
- Daewoo wins tanker order at record price
- Kuehne + Nagel acquires two German logistics firms
- STX Pan Ocean Q3 profit up
- Hyundai Merchant Marine posts third quarter profit
- AADA revises bunker surcharge for China-Hong Kong to Australia trade
- USIBC plans to boost bilateral trade
- Private-level Indo-Pak study group to explore steps to increase trade volume
- Call to strengthen India-Bahrain trade
- Pakistan to import Indian cotton
- FTA covering Asean plus 6 nations can bring in more benefits-ADB study
- Lanka may import 30,000 t Indian onion
- Kulpi port project may take off in January
- Planning Commission wants cap on container handling fees
- Transworld Logistics despatches maiden UASC boxes from ICD-Ankleshwar
- AI to turn Boeing 747-400s into cargo jets
- India Inc's order book overflows
- Assocham calls for quick implementation of textile sector reforms
- Forex reserves cross $ 270 bn
- Knitwear city upgraded to Tirupur corporation
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| NOVEMBER 19, 2007 |
- Panalpina's CFO resigns
- Seaconnect offers a new Hamburg to St Petersburg feeder service
- Airbus collars major order from Emirates at 10th Dubai Airshow
- Gebrüder Weiss launches shuttle train
- Kuehne + Nagel opens new airfreight platform in Amsterdam
- UK: statement on rail freight
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| NOVEMBER 19, 2007 |
- IMO plans to accelerate greenhouse gas work timetable
- Interest swaps push Golar into red
- Greenpeace delays palm oil ship
- DP World IPO expanded
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| NOVEMBER 19, 2007 |
- Nichols Bros files for Chapter 11
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| NOVEMBER 19, 2007 |
- Washington governor names Parker to state transportation commission
- Boeing delivers freighter to AirBridge Cargo fleet
- Portland Shipping Club needs shopping spree help
- Port of Newport manager named AAPA president
- Mitsui partnering with Rubis for Antwerp shipping terminal
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| NOVEMBER 19, 2007 |
- SembCorp pays up to cover forex losses
SEMBCORP Marine's unit Jurong Shipyard pays Societe Generale $115.6m over unauthorised deals.
- Forex losses spoil the profits party at SembCorp Industries
- Japan Club seeks whopping 20% premium hike
JAPAN P&I Club announces steepest general increase so far among its competitors.
- China Shipping joins TSA
CHINA Shipping to officially join on January 1, bringing organisation's membership to 15.
- When is an accident not an accident?
'CONVENTIONAL' marine risks are magnified nowadays, as blame has become the name of the game.
- Fogging up the facts
IS a mistake criminal, just because it involves oil in the water and dead wildlife?
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| NOVEMBER 19, 2007 |
- Now Strike Club raises rates
The Strike Club has joined the wave of P&I insurers looking for big rate increases from February
- Santos fights back against greens
FOUR different entities are joining forces to combat the powerful forces defending the environment in the key Brazilian port of Santos
- Salvage starts off Ceuta
DIVERS from Spain's maritime safety agency, Sasemar, have today started an inspection of the stranded Egytian-flagged cargo ship Al Zahraa
- DHS boss urges scanning rethink
ONE hundred percent scanning of US-bound containers is not feasible, according to the country's security chief
- Brittany Ferries cuts strike deal
IN a major breakthrough for labour relations in France, ferry operator Brittany Ferries and local unions have signed an agreement over the prevention of strikes
- Seaboard ship held after spill
A MINOR oil spillage resulting from a ballast overflow has prompted a clean-up an investigation and a detention at Fernandina, Florida's Nassau Terminal
- Eitzen sells out of Fouquet Sacop
- HK growth stalls as Shenzhen bites
- Sinotrans shares to start strongly
- Oman to set up training college
- OPEC asserts common policy
- Golar to buy its way out of trouble
- eBay auction for Washington ferries
- Logistics: China to lose its shirt
- DP World offers more shares
- Caspian freighter disappears
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| NOVEMBER 19, 2007 |
- DP World increases size of IPO
Dubai terminal operator is increasing the size of its initial public offering because of strong demand from investors.
- More TWIC sites added
- Horizon Lines trims guidance
- China Shipping joins TSA
- Container volumes off at Ports of Seattle, Tacoma
- Ficker resigns from NITL
- Evergreen rejoins SE Asia-Oz link
- MOL, "K" Line upgrade Asia-Mexico-WC S. America
- Drewry Shipping Consultants forms supply chain unit
- Bush presses Tokyo on beef
- German rail strike ends
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| NOVEMBER 19, 2007 |
- Cheng Lie adds yet more links
- GE SeaCo sells Australian domestic business
- Panalpina loses new cfo
- Bridgestone opts for Transfennica to Spain
- New German and French rail disruptions likely this week
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| NOVEMBER 19, 2007 |
- EU questions IMO ambition
Commission Vice President Margot Wallstrom slams shipping for being 'unhelpful' in the battle against climate change.
- Close capesize contest
A single point separates leading contenders as TradeWinds freight forecasting race enters the home straight.
- Greece in piracy pledge
George Voulgarakis takes a swipe at regional regulators as he donates $1m to fight piracy.
- Golar LNG falls
Shares of US-listed owner plunge in midday trading after the company posts a loss in the third quarter.
- Builder seeks bankruptcy
After laying off employees, Nichols Bros Boat Builders files for bankruptcy in a US court.
- CSCL joins A-List
Huang Xiaowen-led company to issue 2.34bn A-Shares in Singapore.
- From Russia with love
Russian billionaire Alexei Mordashov ups his TUI stake and immediately throws his weight behind the group's under-fire boss.
- Socar ships from new terminal
Azerbaijan to begin oil and products exports from Georgia's Black Sea outlet of Kulevi.
- Precious bond sale on hold
Thai bulker owner halts $1bn issue in uncertain financial markets.
- Earnings surge for LSC
Lithuanian Shipping's dry cargo fleet riding high in first nine months of 2007.
- DHT dented
Weak tanker spot market hits Jersey-based owner during a slower third quarter.
- Japan Club asks for more
Shipowners face $29m demand as casualty hit P&I mutual makes first cash call in 18 years.
- StealthGas confirms sale
Athens-based LPG player pulls in $27.3m in sale of three vessels.
- Vafias to bulk up
StealthGas to target the dry sector if it can't find enough gas carriers.
- Lorenzo's foiled
Service cut-backs shrink nine-month profit at Philippine boxship owner, but third quarter figure improves.
- Boxship held after spill
US Coast Guard orders the Seaboard Rio Haina to stay in a Florida port after a small oil spill.
- Egyptian ship grounded
General cargoship Al Zahraa remains aground off the coast of Ceuta after an aborted re-float attempt.
- Vyborg eyes new yard
Russian shipbuilder reportedly lining up new $1.46bn tanker plant in Primorsk.
- More woe for WoE
Rating agency keeps protection and indemnity club on A- despite prospect of a $20m loss.
- SNM sale scrapped again
Romanian shipyard to go on auction block for third time after lone bidder offers less than liquidation value.
- Fears for Al Marjan crew
Local association is concerned about the fate of 22 crew members onboard the hijacked ship after second week without communications.
- V Ships eyes demolition
Diversified shipmanagement group has revealed its entry into the ship demolition sector is in the pipeline.
- Thoresen wants six
Thai shipowner eyeing a major newbuilding programme managing director Chandchutha Chandratat says.
- Superferry to set sail
After row with environmentalists and bailout by state legislators, the ropax catamaran Alakai will begin service 1 December.
- Sinotrans nets $1.47bn
Hong Kong IPO proves a happy hunting ground for bulker owner.
- Cargoship sinks off Japan
More woe for Russia after Kasper-1 goes down and another vessel reported missing.
- SembCorp pays up
Singapore shipbuilder handing over $115.45m to Societe Generale to cover unauthorised trades by sacked finance chief.
- Further floatel for Keppel
Swedish owner signs deal for second accommodation vessel at Singapore yard.
- Norient moves up
Increased demand leads Norden and Interorient to commit five LR1 products tanker newbuildings to pool next year.
- Strike Club seeks 7.5%
Higher freight rates and rising claims drive up cost of ship delay cover.
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| NOVEMBER 19, 2007 |
- Sinotrans issues shares for expansion
- Evergreen jumps back into South East Asia/Australia service
- ESPMC-WITASS lines reintroducing Port of Spain congestion surcharge
- MSC adding Lagos to Europe/West Africa service
- Greenpeace attempted blockade on palm oil vessel fails
- FedEx lowers financial expectations due to rising oil prices
- British Airways World Cargo expanding Heathrow facilities
- Cargolux raising fuel surcharge
- EgyptAir Cargo joins Cargo 2000
- East Coast attracts greater share of intermodal traffic
- Prince wins IANA chairmanship
- CBP moves ahead on C-TPAT for air carriers, 3PLs
- Philippines opens borders to all U.S. beef imports
- India pondering tougher product safety standards
- ProLogis developing distribution center in Dubai
- Qingdao Port set for massive expansion
- Strikes plague Cochin operators, transshipment terminal moves forward
- Panama Canal reports record number of large ships
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| NOVEMBER 19, 2007 |
- Fantaasia banned from service start
After inspection by Swedish, Danish, Norwegian and Estonian inspection officers in Göteborg, the Tallink-owned ferry Fantaasia was banned from starting up the service between Langesund in Norway, Hirtshals in Denmark and Str'mstad in Sweden. The ferry has been chartered ...
- Floatel International orders another semi sub
Sweden based Floatel International has ordered a second semi submersible accomodation and service rig from Keppel FELS in Singapore. Delivery is expected in December 2010 and the price tag is USD 206 million. "The first rig is now fully financed ...
- Hurtigruten will ask shareholders for another NOK 400 mill
Hurtigruten Group, which faces a NOK 150 million loss in 2007, will ask shareholders for another NOK 400 million in new money to see the group through 2008, according to the Norwegian financial daily Finansavisen. Just recently the group went ...
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| NOVEMBER 19, 2007 |
- New coating promises fuel savings
Fuel savings of 16% achieved during sea trails on a fishing boat.
- Shipping 'not doing enough' on emissions
European Commission says International Maritime Organization needs to be 'much more ambitious'.
- Fuel prices 'killer' of fishing industry
Namibian minister recognizes damaging effect of fuel prices as fewer vessels put to sea.
- Oil spill in Florida port
Container ship detained while cause of the spill is investigated.
- Rotterdam market firm
- US rues lack of fuel tank protection
Rules adopted by the IMO could have prevented San Francisco bunker spill.
- Singapore terminal starts trial barge loadings
Bunker barges have been taking on product as Universal Terminal tests its systems.
- Shipping lines 'losing money' as bunker costs surge
APL chief executive says freight rates are lagging behind bunker prices.
- Bunker bills up 140% in three years
Three cruise companies to charge passengers bunker surcharges.
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