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| JUNE 21, 2007 |
Shipping News
- Australia to buy 5 ships to shore up its defences
AUSTRALIA has agreed to buy five new military ships from Spain in an A$11 billion deal that is set to boost the country's ability to respond to threats in the Asia-Pacific region, Prime Minister John Howard announced yesterday.
- Dubai Drydocks bags US$175m job
DUBAI Drydocks, a market leader in ship repair and conversions, has concluded an agreement with Singapore-based Navig8 to build four medium-range product tankers, with an option for four more vessels, Emirates News Agency reported.
- Financier sees shipping industry generating 30 IPOs by end-2008
WITHIN the next 18 months the maritime shipping sector could generate up to 30 initial public offerings due to global demand for everything from coal to consumer goods, an industry financier said on Tuesday.
- Hanjin Heavy wins boxship contract
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| JUNE 21, 2007 |
- CMA CGM commences N Africa Express service (NAFEX)
- UPS boss slams state of US-Latin America trade links
- Hongkong Post and TNT Express sign MOU to explore opportunities
- Dredging of Port Klang's north channel nears completion
- Safmarine CEO upgrades customer service with two key appointments
- Agility acquires Synergy companies in Singapore deal
- Boeing sells 63 aircraft to ILFC for US$8.8 billion
- Competition in the Israeli air transport sector grows
- Topping-out ceremony for new animal station at Frankfurt Airport
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| JUNE 21, 2007 |
- Leading project forwarder Bertling Logistics commences India operations
- Shippers’ see fortunes changing for the better
- European shippers make out strong case for deploying longer trucks
- MPs panel to submit report on maritime varsity, seafarers PF Bill soon
- Technical textile export sector sees big biz ahead
- Minimum export price of onion raised
- US-India trade to cross $ 50 bn this year-Consul
- India, EU trade swells
- STC to import 25,000 tonnes of pulses
- Port development board on AP govt’s agenda
- Rlys hauls more freight in May
- JBS Group 1st to handle mango shipment to US
- 2 draft circulars on service tax clarifications issued
- India Inc’s global M&As may top $ 35 bn in 2007-Report
- VAT on states’ imports unlikely till 2010
- Fate of 42 SEZ proposals to be decided tomorrow
- Implement Commerce Ministry’s package for exporters, SRTEPC urges FinMin
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| JUNE 20, 2007 |
- New Prologis Northern Europe vice-president
- Agility acquires Singapore logistics companies
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| JUNE 20, 2007 |
- Eritrean pirates hijack fishing vessel
- Falklands warning
- UK detains six
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| JUNE 20, 2007 |
- LeTourneau delivers jack-up to export customer
- C&G Boat Works gets Academy award
- OSG to pay $10 million penalty
- Converteam electric propulsion for Knutsen LNGs
- Australia picks Navantia designs for new naval ships
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| JUNE 20, 2007 |
- Vancouver, USA port board puts lease agreement on hold
- Conceptual plan unveiled for Bellingham waterfront project
- Port of Tacoma 'Report' program now appearing on television
- Work begins on project to ease East Marginal Way traffic
- Panama Canal discussed at Shanghai, China meeting
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| JUNE 20, 2007 |
- Louis-Dreyfus takes over Ecsa role
FRENCH shipowner has been elected president of the European Community Shipowners Association.
- Chalos warns shipmanagers ‘prime target’ in US
LEADING third party shipmanagers have been warned that they may become a priority target of ‘magic pipe’ prosecutions.
- Putin gives green light to tanker merger
NOVOSHIP and Sovcomflot get Presidential decree to create major tanker company.
- Room for confusion
SOD’s law, which in maritime terms decrees that if something can go wrong, it almost certainly will, has been working overtime recently.
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| JUNE 20, 2007 |
- 'Floating sweatshop' held in Ireland
A 30-year-old general cargo vessel flying the Belize flag, owned by a St Petersburg/Belize-registered company but operated and managed from Riga in Latvia was described this week as a "floating sweatshop"
- Migrant Watch: US/Caribbean
THE US Coast Guard 7th District interdicted a total of 137 illegal would-be immigrants at sea between 10 and 14 June, and another 21 made landfall on 18 June
- St Petersburg benefits from Estonia spat
ST PETERSBURG appears to have benefited most from the Russia-Estonia spat, with port throughput up significantly while Tallinn and Muuga volumes slip back
- Petronas on the acquisition trail
MALAYSIAN state energy major Petronas has acquired PetroVietnam's stake in a polyvinyl chloride manufacturer, and now seeks further energy-related businesses
- Showdown over Lübeck privatisation
THE German Baltic port of Lübeck faces growing labour unrest over the city's plan to privatise stevedore Lübecker Hafen Gesellschaft
- American Club tonnage drops
THE American Club’s enrolled tonnage fell over 13% last year as management sought to address "challenging" circumstances
- Shipping capital markets evolve
- Counting risks in boom era
- Jin Sheng crew blamed for collision
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| JUNE 20, 2007 |
- Resist all-out gentrification, ports told
Port executives urged not to sacrifice prime maritime property to lure of higher lease rates for residential development.
- U.S. issues new rule for dual-use China exports
- Turnover for truck drivers at two-year high
- S. Korea bans Tyson beef
- China to aid U.S. in fight against counterfeiting
- FedEx net up 7.4%
- Security subcommittee checks Mexican truck plan
- Schmidt takes Intermarine Shanghai post
- Chiquita completes fleet sale
- Vancouver container traffic up 6% through May
- Diana receives Capesize bulker
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| JUNE 20, 2007 |
- Panama Canal board meet in Shanghai to analyse expansion progress
- Russian gossip
- HMM buys TK’s Magnum units
- Bananas direct to Dublin
- Vancouver box traffic surges 6%
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| JUNE 20, 2007 |
- Bjorn blames Wingfield
Frontline boss Sjaastad says Stolt defendant backed further conspiracy with Odfjell back in March 2002, but then his story gets fuzzy.
- Putin pens merger move
Russian president signs off decree clearing way for merger of tanker giants Sovcomflot and Novoship.
- Braemar buoyant
Strong newbuilding activity and hefty dry-cargo rates set to stack first-quarter revenues at London broker.
- Six held in UK
UK coastguard says rate of detention slightly up in May compared to April.
- ICG back in the pot
Ferry-owner boss Eamonn Rothwell tables new bid for Irish Continental to match current rival offer.
- ABG Heavy mulls feeder link
Indian ports group wants shipping tie-up for Singapore run.
- Tanker sinks off Yemen
Nineteen seafarers rescued by passing ship after adverse weather sinks Panama-flagged chemical carrier.
- China blamed for fatal collision
Investigation by Chinese officials into sinking of Golden Rose pins most of the blame on Chinese-operated ship.
- Ningbo Marine wants bulk trio
Shanghai-listed shipowner selling shares to raise funds for fleet expansion.
- ABG eyes rig market
Indian shipbuilder planning to take slice of lucrative platform-making business.
- Banks rapped over CSG spree
China's banking regulator takes dim view of loan used by shipowner to play the stock market.
- STX mum on quartet order
Korean yard not giving identity of European owner behind four-ship bulker order away.
- Tanker spill in Vietnam
Two vessels collide outside Ho Chi Minh City with 400 litres of fuel leaking from gash in tanker.
- Antson gets nod at Finnlines
Finnish ro-ro owner's finance chief steps up to top job following resignation of Antti Lagerroos.
- Damen signs Vietnamese deal
Dutch shipbuilding group guarantees work for Song Thu yard over next five years.
- Delphis does it again
Another big boxship order in Korea for Alexander Saverys-led Belgian owner.
- CCHC set to raise CNY15bn
China Cosco Holdings Co sets A-share offer at top of indicative range on overwhelming demand.
- In and out at Varun
Mumbai owner acquires India’s largest VLGC as Maharshi Vishwamitra is confirmed sold for scrap.
- Pasha salvage suspended
Storm force wind warnings force Svitzer team to call a halt to efforts to refloat grounded bulker.
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| JUNE 20, 2007 |
- Chiquita completes $227 million sale of ships
- ESPMC-WITASS raising northbound rates
- Intrepid Aviation firms order for 20 A330-200 Freighters
- Volga-Dnepr to order three IL-76TD-90VD freighters
- Indian Railways offers service guarantee for large industrial shippers
- First train runs on Betuwe Route in Europe
- Hangzhou Bridge connected, to open in one year
- Jackson outlines vision for Secure Freight data clearinghouse
- FedEx posts quarterly, fiscal year profit gains
- China to cut or eliminate export rebates on 2,831 commodities
- Sony Ericsson begins construction on Beijing plant
- IAS names two new senior executives
- Envirotainer names Peter VP sales
- Ten Eyck joins Cardinal Logistics
- Le Havre's TEUs up 26% after five months
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| JUNE 20, 2007 |
- A slacker wire could have saved Bourbon Dolphin
During the Royal Commission hearing about the illfated AHTS Bourbon Dolphin it was revealed that the tow master on the ...
- Tallink dismiss another two Silja executives
Tallink Silja has dismissed Johan Lindblad, former freight director and Matti Orama, former vice president for international sales and marketing ...
- Scandlines sale confirmed by the owners
The sale of the ferry operator Scandlines was confirmed Tuesday in Copenhagen by the Danish Minister of Transport, Flemming Hansen ...
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| JUNE 20, 2007 |
- Mexico offers cheaper distillate
Prices seeing only marginal increases as other regional ports firm.
- Oil prices ease on US stock build
Solid crude and gasoline inventory gains knocks oil price off peak.
- New ARA barge ready for operation
FTS/Hofftrans says medium sized vessel will be suitable for low-sulphur fuel oil deliveries.
- Plans for new bunker terminal in South Africa
Saldanha Bay project could import product if local sources run dry.
- Rotterdam: Most suppliers fully booked this week
- Hong Kong 180 cst material continues tight run
Supply of 180 cst bunker grade has been tight for more than a month.
- Ship collision causes oil spill
Hundreds of litres of fuel oil spilled into a Vietnamese river.
- Court imposes fine for bunker spill
Firm involved in leak had asked for help in reviewing best bunker practice.
- Kiel, Germany: Bunker station maintenance works
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