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| MAY 21, 2007 |
Shipping News
- Posco gets necessary clearances to build port in India's Orissa state
POSCO, the world's fourth-biggest steelmaker, has received environmental clearance from India's government to build a port in the eastern state of Orissa, almost two years after it agreed to invest US$12 billion in the facility.
- California rejects BHP LNG project
CALIFORNIA Governor Arnold Schwarzenegger on Friday rejected a liquefied natural gas port off the Southern California coast proposed by Anglo-Australian mining company BHP Billiton.
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| MAY 21, 2007 |
- Xiamen handles first CKYH Alliance ship on new Asia-US east coast run
- WTSA to raise rates for hides across Asia-US trade
- Port of Wenzhou sets TEU record in April with 40pc rise
- Official sees privatisation wave for US container ports
- Northport Malaysia to launch US$147m expansion in '07
- South African minister announces new CT near Port Elizabeth
- Hand stacking containers a false economy, argues conveyor maker
- Savi QuickStart e-seal gains RFID patent licensing
- Qantas chairwoman Margaret Jackson to resign
- Cathay Pacific marks 10th anniversary of Handover with decal
- Lufthansa-Jade team up on Shenzhen-Frankfurt cargo run
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| MAY 21, 2007 |
- Procedures followed in case of accidents, deaths or injury to Indian seafarers explained
- Pak’s enormous tea market brings cheer to exporters
- Minister explains implications of SAFTA trade tariff concessions
- Clarifications sought on subsidy eligibility for raw sugar export
- MoEF clears decks for Posco’s captive port
- Report on fine-tuning port security by June-end likely
- Pakistan developing huge deep seaport
- Now, merchant airports on the horizon
- Forex retainable for 6 months now
- Nath informs Lok Sabha of Target Plus scheme’s aims & achievements
- Seatrade Middle East & Indian Subcontinent Awards
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| MAY 18, 2007 |
- Cargo B Airlines appoints cargo director
- MSC signs five-year agreement with port of Charleston
- Lufthansa Cargo group launches Shenzhen-Frankfurt service
- Turkey–Austria ro-mo link discussed again
- SpedLogSwiss rejects ro-mo promotion
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| MAY 18, 2007 |
- UK to impose work permits for one port voyages
- Lower Q1 for Knightsbridge
- Seaarland sets up in Singapore
- ABS & Vietnam Register in ne43w deal
- Clarkson completes Cofimar takeover
- First tender for Panama Canal expansion
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| MAY 18, 2007 |
- Coast Guard seeks refund from Deepwater contractor
- Fincantieri IPO in works?
- Stretched Superferry back in service
- Greece to sue Louis Hellenic
- Wartsila to acquire U.K. bearing business
- Jurong books more conversion orders
- Leadership changes at PPL Shipyard
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| MAY 18, 2007 |
- PMA, ILWU agree to begin contract talks early
- New World Alliance, CMA CGM plan US East Coast to China run
- Vern's Restaurant winner of Olympia Chowder Challenge
- WTSA member carriers plan hide rate increase
- Rail carload, intermodal totals on negative side during week
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| MAY 18, 2007 |
- Louis Cruises to be hit with €1Bn claim
PIRAEUS 18 May – Greece is planning to claim up to €1Bn ($1.35Bn) in damages from Louis Cruises, owner of the cruise ship Sea Diamond which sank off the island of Santorini on 6 April
- IMEC boosts fund for training
INTERNATIONAL Maritime Employers Committee secretary general David Dearsley is to boost its training fund in the Philippines to enable rating to upgrade to officer level
- Minister Ladyman raises awareness
UK shipping minister Dr Stephen Ladyman assured members of Nautilus UK this week that he is seeking ways to raise awareness among school leavers
- Korea takes first steps to reconciliation
THE general cargo vessel Kangsung has launched the first regular service between ports in North and South Korea since the end of the Korean war in 1953
- Wreck removal convention adopted
IMO has announced the adoption of the Nairobi International Convention on Removal of Wrecks, and efforts now turn to bringing the Convention into force
- Newcastle queue falls to 66
THE QUEUE of coal ships off Newcastle, Australia, has started to decrease, as a result of a coal capacity balancing (quota) system reintroduced at the beginning of last month
- Poor maintenance led to crew deaths
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| MAY 18, 2007 |
- West Coast box volumes slow in April
For the second month in a row, sluggish box volumes offset some gains seen in the first two months of the year.
- Shanghai passes Hong Kong in container rankings
- Canadian Pacific strike shuts Vancouver intermodal yard
- CEVA extends EGL deadline
- Vancouver boxes top region
- Trans-Pac hide rates to rise
- Hapag-Lloyd orders eight new container ships
- Great Lakes volume off
- British Airways to settle airfreight price-fixing charges
- Kolkata to get box depot
- UPS adds Asia ATW flight
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| MAY 18, 2007 |
- Are ports the choke point in the supply chain?
Could ports be the catalyst for a change in the supply chain as we know it today? At the most extreme could ports actually lead to a reversal in the globalisation process and lead to companies sourcing goods from nearer to home?
- Unifeeder starts service from Gothenburg to Antwerp
- More troubles in Genoa
- Korean liners confident on profit
- Pacer reports disappointing first quarter
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| MAY 18, 2007 |
- SPT takes Champion
First in a series of six aframaxes rolls off the stocks for Skaugen PetroTrans.
- Broker appeal fails
Dimitrios Yamvrias fails in legal battle over end of long term business relationship with George Kefalas.
- Fincantieri invests more cash
Italian group’s Castellammare yard getting EUR 23m facelift as part of capacity increase drive.
- Hurtigruten cuts losses
Norwegian ferry group reduces first quarter deficit as revenues grow.
- Greece to sue Louis
Cypriot owner Louis Hellenic to be hit with EUR 1bn civil lawsuit over sinking of Sea Diamond in April.
- Two held in Canada
Borgestad-managed cargoship and MK Ship Management bulker fail April safety checks.
- Ulstein trebles profit
Norwegian yard and ship design group boosted by sale of holdings in three offshore ships in 2006.
- EAT gobbles up tanker
Malaysian owner EA Technique emerges as buyer of 39,700-dwt unit from Epic to fulfil oil major charter.
- Fee income drops for DVB
But loan activities enable bank to log another jump in earnings for the first quarter.
- Zacchello heads east
Italian tanker and bulker group confirms mini-capesize orders to be managed by new Singapore start-up.
- Yards vie for SCI order
Indian owner receives 13 offers in tender to build five supply ships.
- Vinashin spending again
Vietnamese shipbuilding group targets more investment for yards, ports and refineries.
- Kyoei slides
Japanese VLCC owner sees annual income fall and predicts another drop this year.
- Good news at Sanoyas
Another Japanese yard returns to annual profit after big loss in previous year.
- Namura back with a bang
Japanese shipbuilder turns around losses to post big profit in year to 31 March.
- Sasebo stormer
Japanese tanker builder turns its back on loss-making first half to post large annual gain as revenues grow.
- Tamai tumbles
Japanese bulker owner sees annual profit chopped as revenues dwindle but next year looks brighter.
- PGS pulls NY listing
Norwegian seismic survey vessel owner to save $5m a year by delisting in New York.
- Disposals lift MBC
Sale of two handysize vessels lifts first quarter profits at Kuok family-owned bulker outfit.
- Braemar bosses up stakes
Share acquisitions see Alan Marsh and Quentin Soanes lift their stakes in ship broking firm.
- Pipe charge denied
Fleet Management is denying charges of a magic pipe coverup and pledging to fight them vigorously in US court.
- Profits up at Jutha
Results improved at Thai multi-purpose owner by over 50% but largely due to the sale of a ship.
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| MAY 18, 2007 |
- Hapag-Lloyd orders 8 8,750 TEU ships Korean shipyard
- CTSA announces peak season surcharge
- Last container lifted from "MSC Napoli"
- China to build fleet of supertankers to cope with oil demand
- U.S. Shipping Chamber supports Law of Sea treaty
- WTSA raises container rates on animal hides
- ABS and Vietnam Register strengthen ties
- Honolulu revisits plans to ship city trash to mainland dumps
- Intermarine takes delivery of new ship
- MOL signs sixth long-term bulker contract for Baoshan
- Cooperative agreement for maritime training signed
- Trailer Bridge adds 53-foot equipment
- Eastern Caribbean companies plan merger
- Canada, Kuwait sign first ever air transport agreement
- Hope on the horizon for oil prices, analyst says
- GAO: CBP’s in-bond program suffers "lax oversight"
- Immigration reform package gains momentum
- Commerce says proposed "trusted customer" rule near
- U.S. shipper fined $27,000 for antiboycott violation
- USDA delays new fresh cut flower import rules to June 2
- EGL continues to review sale offers
- Echo Global acquires Mountain Logistics
- cargo-partner to add 10 China subsidiaries
- New larger facility for DHL in Salt Lake City
- West Coast dock labor, shipping lines enter early contract talks
- Deal may allow dredging of Delaware River to proceed
- Second bidder on Punta Colonet named
- Port of Long Beach’s TEUs down 6.5% in April
- Forecast: U.S. to see active storm season
- California container fee bill marked as top "job killer"
- Pasha opens processing facility in Baltimore
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| MAY 18, 2007 |
- US prices end week firm
- Shipowners go head-to-head over surcharges
Three companies competing over bunker levies, seeing further cost pressures in the future.
- Greece to sue Sea Diamond owners
Meanwhile local authorities have threatened legal action against Merchant Marine Ministry and owners over lacking plans on fuel removal.
- Japan wants stricter sulphur limit
Ministry source says players are being consulted to see how low the limit should go.
- Company to reduce 'risky' bunker trading
Braemar Seascope is reviewing its strategic options.
- Mixed picture for IMAREX fuel oil futures
April figures show year-on-year growth but shrinking volumes compared to December 2006.
- Bunker barge in collision with refinery jetty
UK's largest bunker barge being checked for damage.
- Istanbul market can survive decline in tanker traffic
Crude oil pipelines could make Ceyhan the eastern Mediterranean's biggest oil hub.
- S Korea bunker prices 'too high'
Tight supplies pushing prices to near record-highs.
- Singapore bunker differentials stay weak
Bunker market becomes the main outlet for fuel oil cargoes as Chinese demand weakens.
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