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| JUNE 22, 2007 |
Shipping News
- Maersk's Lindo may sell German shipyard
(COPENHAGEN) AP Moller-Maersk A/S's Lindo division, which builds the world's largest container vessels, may sell its German shipyard to a local competitor to help meet cost-saving targets and return to profit.
- Daewoo shipyard profit more than doubles in May
(HONG KONG) Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipyard, said profit last month more than doubled as the company built more vessels at higher prices.
- Aussie coal export terminal reopens
(SYDNEY) Australia's Newcastle port, the world's biggest coal export terminal, reopened yesterday after closing a day earlier due to heavy seas, a port official said.
- Hyundai Heavy bags tanker job
Admiralty Casebook
- Wage payment is maritime activity
A FIGHT on a ship between a seaman and his former employer over unpaid wages can give rise to admiralty jurisdiction, a US appeals court ruled recently, setting aside a lower court decision that the dispute had no connection to any maritime activity.
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| JUNE 22, 2007 |
- HK box throughput shrinks, Guangzhou gains on Shenzhen
- Region's governors plan massive upgrade of Pearl River Delta logistics
- Qingdao market lacking in container handling gear
- Kuehne + Nagel wins Siemens' logistics contract in China
- Canada to merge Vancouver area port authorities
- Mombasa port users face surcharge for late container collection
- Port of Wilmington welcomes new Hanjin service
- China's airline see cargo volumes, passenger numbers rise in May
- GE Commercial Aviation Services orders six 777s
- European agency grounds Bulgarian air cargo carriers
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| JUNE 22, 2007 |
- India ready to help protect Malacca Strait from pirates
- Sethu dredging to end by Dec. 2008-Baalu
- Athena now offers Container All Risks Policy
- Maersk Line acknowledged shipping Line of year 2007
- Oil Minister may sign Iran-Pak-India gas pipeline pact in July
- EU to import addl 6,000 tonnes of raw sugar from India
- Twinkle in diamond industry’s eye
- Task force calculates Rs 57,452 cr. investment for Major Ports’ capacity addition in XI plan
- Lock gate at HDC holds key to improved ship operations
- "K" Line’s m.v. Tower Bridge makes maiden call at MICT as part of new CSG service
- Indian carriers projected to take bigger slice of airfreight pie
- Worlds Window Infrastructure & Logistics highlights ICD-Loni’s facilities at trade meet
- TNT launches fastest express service
- Foreign Trade Policy Analysis - 5 - By M. Sreedharan
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| JUNE 21, 2007 |
- Betuwe line officially opened
- Ceva Logistics Italia wins Pearson contract
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| JUNE 21, 2007 |
- "Tackle port congestion!": APL
- Braemar Seascope's "good Q1"
- Hawaii Superferry Alakai in service
- Siba Ships' profit surge
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| JUNE 21, 2007 |
- Transocean back at Daewoo for fourth drillship newbuild
- EDGB wins ONGC stim ship contract
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| JUNE 21, 2007 |
- Port of Everett marina celebrates opening today
- Commercial trucks entering US must now use e-Manifest system
- Jetboats will showcase facilities at Port of Vancouver, USA
- Firms come together for WSF ferry proposal
- Coast Guard invites feedback on Merchant Mariner programs
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| JUNE 21, 2007 |
- Louis to battle Sea Diamond fine
CRUISE line dismayed by a move to slap it with an "unfair and unfounded" € 1.2m fine for Sea Diamond pollution.
- Warrants issued over Sea Diamond sinking as passengers file lawsuit
- Order relief for Lindø shipyard
DANISH yard thrown a lifeline with a contract to build six ro-ro vessels.
- Finance experts predict slow deflation for charter markets
A SLOW deflation rather than a sudden bursting is how the current "bubble" in charter markets and ship values will meet its demise.
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| JUNE 21, 2007 |
- Cosco IPO raises $2Bn
Cosco’s 100 times-oversubscribed Shanghai IPO is reported to have raked in Rmb15Bn ($2Bn)
- Princess' Ratcliffe to retire at 60
P&O Princess Cruises chief executive officer Peter Ratcliffe has confirmed his retirement effective 6 March 2008, prompting two top executive shifts at Carnival Corp
- Dividend players in spotlight
DIVIDEND-focused public companies are attracting higher investor interest, but the model has yet to be tested by a downturn, said Marine Money speakers
- Tanker 'correction' anticipated
MOST analysts and executives at the Marine Money conference believe drybulk rates will remain robust, but they think tanker asset values are due for a correction
- Lack of tonnage leaves defence at risk
THERE is no longer enough UK-flagged tonnage to support a military campaign such as the 1982 Falklands war, UK maritime officers’ union Nautilus UK is warning
- Vietnamese tanker drags anchor
A small Vietnamese tanker dragged its anchor in a river near Ho Chi Minh City on Tuesday and hit another vessel
- Oceania finalises newbuildings
- Texas court imposes OSG fine
- Louis-Dreyfus steps up at ECSA
- Cruising gets pass on passports
- Tanjung Priok corruption to be tackled
- Venezuela rolls back reform
- Manning is key to fighting piracy
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| JUNE 21, 2007 |
- Cosco raises $2 billion in Shanghai IPO
The Hong Kong-listed carrier will spend billions from latest share offering to add 12 container ships to its fleet.
- Canadian truckers praise delay of passport rule
- U.S., Vietnam sign trade and investment accord
- Canada pol: West Coast ports should ally
- NYK to liquidate vessel-owning subsidiary
- Maersk shipyard eyes ro-ro order
- OOCL appoints Turkey agent
- New India box terminal proposed
- Bulker stranded off Newcastle
- CN orders locomotives
- Airbus wins India freighter order
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| JUNE 21, 2007 |
- APL to test new ‘cold ironing’ system
- Port Klang approach channel deepened to facilitate mega-containerships
- ICG’s Eucon start new Liverpool – Antwerp feeder service
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| JUNE 21, 2007 |
- Diana ties up panamax
Simeon Palios’s Diana Shipping Inc has locked a panamax into $23.5m in revenues.
- Eimskip improves
Stronger first half operating figure for Icelandic owner, but finance costs continue to drag it into the red.
- Great Eastern buys Stemnitsa
Indian owner snaps up Minerva suezmax that caused stir after struggling through ice in the Baltic in 2004.
- Epic orders go on
Epic Shipping signs for a sextet of ro-ros at Maersk’s Danish yard after earlier three-ship order in Italy.
- Multraship makes it a double
Dutch salvage and towage company buys two tugs being built in Turkey.
- PGS buys EM pioneer
Norwegian owner builds energy exploration division with deal for electromagnetic search start-up MTEM.
- Sheth buys out Sheths
Great Offshore chief Vijay Sheth agrees deal for uncle’s and cousins’ 14% stake in company.
- Wilson Sons to build nine
Brazilian development bank provides cash for support ships and tugs ordered by domestic company's subsidiary.
- CSAV expecting better
Loss-making Chilean boxship owner's chief Juan Antonio Alvarez says rates and volumes are rising in 2007.
- One dead on NCL ship
Twenty-two-year-old tourist falls to his death onboard Norwegian Cruise line vessel in Bermuda.
- Siba beefs up
Italian livestock-carrier owner sees annual turnover rocket as it milks soaring dry-cargo market.
- PUM lands AHTS quartet
Swire Pacific Offshore’s order for four units at Singapore’s Pan-United Marine finally confirmed.
- OSG’s $10m fine confirmed
Final part of US tanker owner's $37m penalty for oil dumping handed down in Texas court.
- L&T seals BigLift deal
Indian shipbuilding newcomer bags another Dutch contract for heavy-lift vessels.
- Hegemann sniffs round Stralsund
Yard group still fancies AP Moller-Maersk-owned German shipbuilder.
- Fredriksen ups Sapura stake
Share price heading north as SeaDrill continues to build holding in Malaysian drilling contractor.
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| JUNE 21, 2007 |
- OSG sentenced in pollution case
- Russian tanker companies merge
- Maersk's Odense Steel Shipyard gets Epic order
- Maersk adding Chile call, dropping Zeebrugge from Andean loop
- Finnlines names Antson as president, CEO
- OOCL names Vestamar as Turkish agent
- Intermarine's Schmidt moves to Shanghai office
- Crowley promotes Taylor to VP of bulk unit
- Boeing to front costs for extended C-17 parts production
- International Lease Finance orders 50 Boeing 787
- Jackson: Congress may have to break stalemate on mandatory AES
- Commerce releases China export control regulation
- USDA permits imports of six fruits from Thailand
- Third U.S. beef shipment sent to South Korea by mistake
- Target Logistics Services partners with Canadian firm
- Kuehne + Nagel managing second DC for Danone in Poland
- Penn State offers online supply chain degree
- SEKO expands into Turkey
- Maher installs Kalmar system
- POMTOC completes terminal upgrade
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| JUNE 21, 2007 |
- Giant Russian shipowning company created
Russia’s presiden Vladimir Putin has told the md of Sovcomflot Sergey Frank that he has signed the documents needed to ...
- Torm launches an incentive scheme for employees
D/S Torm has launched an incentive scheme for employees for the financial years of 2007, 2008 and 2009. During ...
- Maersk Line awarded shipping line of the year
Maersk Line has been awarded shipping line of the year by International Freighting Weekly (IFW). The Danish carrier was choosen ...
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| JUNE 21, 2007 |
- Durban new-build on target for 2007 delivery
Suppliers preparing for the phasing out of the aging pipeline network.
- India: New bunker barge will be deployed in July
Second 3,000 dwt barge will be ready in September.
- Oil clean up teams on stand-by
Risk of bunker spill on Australia's New South Wales coast remains serious.
- Rotterdam suppliers committed till early next week
- Singapore: Residual fuel stocks at 10-week low
But middle distillate stocks rebound from week-ago levels.
- Bunker costs cut profit
India's state-run carrier posted a 18.6% fall in net profit on higher bunker cost and other factors.
- Indian supplier to build bunkering terminal
Supplier signs MOU with the Gujarat state government to build new terminal.
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