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| MAY 22, 2007 |
Shipping News
- China steel boom expected to keep freight rates high
CHINA's booming steel industry should help keep freight rates near record highs as mills turn increasingly to Brazil for iron ore because of a lack of suppliers nearer home, industry officials say.
- S Korea's Daewoo shipyard wins US$1b orders
SOUTH Korea's Daewoo Shipbuilding and Marine Engineering said yesterday that it had won orders worth a total US$1.05 billion to build 12 container ships for German clients.
- Japanese shipyards' April orders dive 40% from March
NEW ship construction orders at Japanese yards dropped more than 40 per cent in April versus the previous month, signalling capacity constraints following a wave of orders seen in recent months, industry sources said.
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| MAY 22, 2007 |
- Hapag-Lloyd orders eight 8,750-TEU ships from HHI
- US west coast dockers, shipping lines to hold early contract talks
- New logistics firm opens at Tianjin Port
- Eco-activists choke off needed port development in Europe
- UK P&I Club surplus rises 9pc in 2006-07
- Suez official touts Nova Scotia port as container congestion relief point to east coast US
- Low-fare Virgin America wins approval for US domestic market
- Citic Pacific to sell stake in air freight JV, Cathay expected to buy in
- Qantas and Jetstar seek more competitiveness and oppose ending AWAs
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| MAY 22, 2007 |
- TNWA, CMA CGM to start Asia-US East Coast service
- Zim to join TSA
- Hamburg Sud consolidates S. California terminal operations
- Maersk Supply Service lands $ 10-m deal with INPEX Masela
- Euronav sells VLCC
- Maersk jack-up rig set to fly Singapore flag
- World box demand leaves Sri Lanka in lurch
- Coscon takes fastest transit times award
- MSC, Conbulk buy three upgraded 2,680-TEU ships from Maersk Line
- Hong Kong slips to third place among world box ports
- AADA Rate Restoration & peak season charges from July 1 & Aug. 15
- WTSA to raise ‘protein’ rates on US-Asia shipments
- Container line opens between South Korea & Vladivostok
- Le Havre’s Terminal de France leads in container growth
- TCI Surya makes maiden call at Chennai Port
- Baalu assures all aid to maritime institutes in maintaining high standards
- 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
- ISEC offers incentive for sugar exports
- KoPT Chairman lays base for ABG Heavy Industries’ CFS at Dhulagarh
- DRS Logistics to build warehouses in 6 cities
- AAI plans cargo terminal at Thiruvananthapuram
- Exporters weighing options, may find euro satisfaction
- LS nod for Bill set to boost farm loans against warehousing receipts
- DIPP pressing PM to clear MIR policy expeditiously
- 8 pc of GDP must be invested in infrastructure development-Ahluwalia
- Cabinet okays signing of Indo-Russian protocol on goods movement
- Inflation slowed to five-month low
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
- GCM Worldwide holding workshops covering EOUs & SEZs on may 23 & 25
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| MAY 21, 2007 |
- Eggert new cargo counts managing director
- Maersk Line upgrades Asia-Europe services
- Lufthansa intensifying cooperation with World Airways
- First trains across Korean border since 1951
- Improved results for BLG
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| MAY 21, 2007 |
- Arnie rejects LNG terminal
- Somali pirates kill security guard
- Philadelphia port users welcome relocation decision
- Golden Ocean fixes newbuildings
- Push for mandatory electronic charts continues
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| MAY 21, 2007 |
- Daewoo books $1.1 billion in new boxship orders
- Mandatory ECDIS could cut groundings by one-third
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| MAY 21, 2007 |
- President proclaims May 22 National Maritime Day
- Port of Port Angeles calling for banking proposals
- Cash rewards now offered for crimes against Corps
- Oregon governor taps Johansen as Port of Portland Commission president
- Rail employees deliver safest year on record
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| MAY 21, 2007 |
- Ward: No more excuses
LLOYD'S chief executive Richard Ward warns brokers to stop dragging feet over the use of the new electronic claims file.
- Technology ‘ready for take-off’ at Lloyd’s
- Avin newbuildings fuel sulphur scrubber debate
GREEK shipowner designs four new tankers to accommodate BP Krystallon’s sulphur scrubbers.
- DSME bags $1.05bn boxship bonanza
SOUTH Korean yard wins orders for 12 containerships from German owners.
- IMO flag state audit marshalled for future growth
THE Marshall Islands is now the fourth biggest ship register in the world and its reputation for quality continues to grow.
- Dire straits
A MAIB report into an alarming close quarters situation along the Dover Straits raises a number of questions.
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| MAY 21, 2007 |
- Petraia loses fight over oil book charges
PORTLAND, Maine 21 May – A ship owner who contested the US government’s prosecution under laws relating to falsifying oil log books found no sympathy last week as a federal jury issued a guilty verdict against it
- Regional Security: Jamaica/Haiti
FOUR Jamaican fishermen have been sentenced after being caught smuggling guns from Haiti, a news report says, in an environment 'awash with [drug-smuggling related] guns'
- Golden Rose victim found
THE body of a seafarer from the Golden Rose vessel was found today, but there was no confirmation of nationality
- Sea Lord backs merchant/RN liaison
SUPPORT for a strengthened 'maritime club' joining merchant and Royal Naval resources was advocated by the First Sea Lord today
- Celebrity orders yet again
CELEBRITY Cruises has confirmed that it will order a fourth Solstice-class ship from Meyer Werft for $798M
- Skarga, Nikitin assets frozen
FIONA Trust Holding Corp, which is suing former employees for an alleged conspiracy to defraud, has obtained a London High Court order freezing the assets of two defendants
- Cutty Sark badly damaged in blaze
- Vancouver warns of more disruption
- USWC contract talk commitment
- GAC buys Norway's Ole R Olsen
- Gothong's safety record questioned
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| MAY 21, 2007 |
- ILWU, PMA agree to early start for West Coast longshore contract negotiations
Employers and dock workers intend to start contract talks early, have new contract in hand before current one expires in July, 2008.
- Maersk names 11,000-TEU ship
- Communication a key to port disaster recovery
- China ups steel tax
- Customs Update: Compliance? What compliance?
- Savi, Unipart in RFID pact
- Benz picks Brunswick hub
- GLA to acquire 3PL Clark
- DHL expands in Atlanta
- Tokyo to require more Japanese on ships’ crews
- Bremen profits rise
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| MAY 21, 2007 |
- Panalpina and K+N declare bumper profits
- Hong Kong slips a place
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| MAY 21, 2007 |
- First Reserve takes cash
Indirect joint- venture partner First Reserve has cut its holding in Stamatis Molaris- led Quintana Maritime.
- Capesize charter deal
Ola Lorentzon takes advantage of improving capesize market to fix South Korean newbuilding for five years.
- Unions in Blue Star deal
Year-long dispute over negotiating rights on Maersk subsidiary’s Liberian-flag ships ends in Germans’ favour.
- Globus unveils IPO
George Feidakis and George Karageorgiou have filed to take bulker owner Globus Maritime public on London’s AIM.
- Sovcomflot prevails
Russian shipowner wins asset freezing orders against Dmitry Skarga and Yuri Nikitin.
- Price swells at Meyer Werft
Royal Caribbean is paying 14% more for a fourth cruiseship than for its sister a year ago -- whose price already made headlines.
- Bug strikes Norway cruise
Hurtigruten vessel latest to suffer suspected norovirus outbreak as 100 fall ill on Norwegian cruise.
- Maersk rapped over near miss
Poor bridge management on Maersk Dover almost led to collision with VLCC and boxship in English Channel.
- Daewoo wins $1bn of boxships
German owners Schuldt and T&H order 12 containerships at Korean yard for delivery by 2010.
- StealthGas steady
Harry Vafias-led LPG player’s first-quarter profit only slightly down as larger fleet earns and costs more.
- Roll up for SNM
Second tender launched for sale of Romanian yard after Daewoo deal fell through in 2006.
- Crew rescued off Pakistan
Eleven crew members plucked from water by Pakistan navy as vessel en route to India starts to sink.
- Petraia guilty in dumping case
British Virgin Islands owner convicted of failing to maintain records of overboard oil discharges.
- GAC buys Ole R Olsen
Frank Tofesund sells 80% stake in old established shipping agency to Dubai based group.
- Hamworthy hikes orderbook
UK gas systems maker to supply cargo pumps and reliquefaction sets to yards in Croatia and Korea.
- Sormulis in custody
Latvian Shipping council member arrested in money-laundering probe after returning to country.
- Siem secures charter deals
Norwegian owner wins work for supply ship newbuilding from EGMS, and extends another contract.
- Wave injures 27 on ferry
Bow windows smashed in heavy seas off Kanagawa, Japan.
- Hapag orders at HHI
Liner operator expects global volumes to surge 40% by 2011 and is ordering tonnage to match.
- FFA injunction refused
London judge refuses to act in legal battle over freight futures deals that bankrupted North American Steamships.
- Pirates kill one off Somalia
Guard caught in crossfire after WFP-chartered vessel comes under attack after delivering food aid.
- GOC inks period cover
John Fredriksen’s Golden Ocean has tied up four of its newbuildings on five year time charters.
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| MAY 21, 2007 |
- Grand Alliance adding Asia/U.S. East Coast string
- Matson, Horizon march in step on fuel surcharge increases
- Petraia Maritime found guilty in pollution case
- Concessions given to domestic shipped cargo in India
- UN appeals for help with Somalia pirates
- GAC buys 80% of Norway’s ORO
- Merchant sailing icon "Cutty Sark" gutted by fire
- UPS adds 5 "round the world" flights via Singapore
- DOT clears Virgin America for take off
- BA World Cargo’s revenue down 3.1%
- Northwest’s Chapter 11 exit plan approved
- China Southern, Air France talk air cargo joint venture
- U-Freight signs agreement with South Chinese airport
- Air Canada renews World Airways contract
- Apollo returns Crane’s serve for EGL acquisition
- RAND seeks corporate sponsors for supply chain research
- Global Logistics Acquisitions in deal to buy Clark Group
- Biofuel refinery approved for Sacramento port location
- Massachusetts in short sea shipping pact
- Prince Rupert may attract additional tenants this year
- Mercedes-Benz USA moves to Brunswick
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| MAY 21, 2007 |
- Greek tanker off ground but severely damaged
The Greek tanker Minerva Concert got almost a whole week on the sea bottom at the Hatter Barn in Great ...
- Authorities suspect pirate mothership
A rocket attack on a bulk carrier 180 nautical miles off Somalia and the attack on two Korean fishing vessels ...
- Ambitious expansion plans for Golden Ocean
John Fredriksen has very ambitious plans for his dry bulk owner/operator Golden Ocean and wants to increase the fleet ...
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| MAY 21, 2007 |
- 25% jump for BAFs
Conference agreement catches up with price gains after months of stable bunker-related charges.
- New South African company in joint venture agreement
US-based Bunkers International says Vunani Bunkers will be a 'great partner'.
- More funds for Vopak growth
Global tanker terminal operator seeks $375 million from institutional investors.
- Norwegian NOx tax encourages technology advances
Savings on NOx tax could recoup cost of the MariNOx ship emissions monitoring system in less than a year.
- Fuel oil markets tighten
Singapore fuel prices steady, but sentiment could turn 'very rapidly'.
- New barge ordered for Argentine market
Double-hulled coastal tanker will supply bunkers in Argentine ports at the River Plate Area.
- Rotterdam market down Monday morning
- Investment bank revises oil price forecast
Bank sees prices firming.
- Philippine supplier to extend operation
Bunkerworld now shows prices for the Philippine port of Cagayan de Oro.
- Singapore: New contact details for bunker trader
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