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| NOVEMBER 22, 2007 |
Shipping News
- DP World share offer 15 times subscribed
Dubai sold US$4.96 billion of shares in port operator DP World at the top of indicative prices, valuing the world's fourth- largest container handler at US$21.58 billion in the Middle East's biggest initial public offering (IPO).
- Global cargo gauge flags record economic growth
A gauge of global cargo demand is signalling record- breaking economic growth even as US imports slow, suggesting that emerging powerhouses China and India are pulling enough weight to counterbalance a downturn in the world's biggest economy.
- Cosco to sell containers to Austrian firm
Cosco Pacific Ltd, Asia's third-largest container-terminal operator, agreed to sell sea-cargo boxes to Austria's SLI Dritte Verwaltungsgesellschaft mbH & Co KG for US$194.7 million to fund other investments.
- Judge issues order to detain freighter
- Law on pollution legal: EU court
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| NOVEMBER 22, 2007 |
- CSCL hopes to raise $1.6 billion from Shanghai listing
- Schenker China to receive legitimate licences for NVOCC business
- Ningbo-Asean trade surges 40pc in first three quarters
- Evergreen to offer Southeast Asia-Australia service
- APL launches Hainan-Vietnam service
- Strikes at Cochin Port raises DP World doubts about building new terminal
- DB super board tells management to stand against strikers' demands
- SIA Cargo flies between Belgium and USA using '7th Freedom' rights
- AirBridgeCargo takes first of three Boeing 747-400ER freighters
- Egyptair 24th airline to join Cargo 2000 standards group
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| NOVEMBER 22, 2007 |
- Maersk Line adjudged 'Container Shipping Line of the year'
- BIFA questions FEFC decision to impose congestion charge
- CSCL expanding rapidly as integrated logistics service provider
- National Waterways III inaugurated
- Handicrafts, carpets exports hit by rupee appreciation
- Soyameal exports to China may treble
- Talks on trade through LoC soon
- Iran now a major market for Basmati
- Tata Steel, SAIL agree to KoPT plan to reserve 2 berths at Haldia for handling coal, coke
- 11.29 pc rise in Rlys' goods earnings during April-Oct.
- ETA Engineering to begin container train services on ICD Loni-JN Port sector from tomorrow
- GST may have dual format at Centre, state
- MEP of onion reduced by $ 75 a tonne
- Coir industry seeks additional concessions to face effect of rupee appreciation
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| NOVEMBER 22, 2007 |
- Dieckmann leaves Kerry Logistics
- Le Havre reports good results
- Qatar Airways orders Boeing aircraft
- FedEx named official Baselworld courier service provider
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| NOVEMBER 21, 2007 |
- EU advocate general's mixed opinion
- Shipping's new green guide
- Greece gives US$1m to Straits project
- Ocean Heavylift builds business
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| NOVEMBER 21, 2007 |
- Arrest warrant for Cosco Busan
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| NOVEMBER 21, 2007 |
- Washington State Ferries pulling Steel Electric class vessels
- US sees trade numbers jump with Canada, Mexico during '06
- Entry deadline nearing for Bellingham gingerbread contest
- Horizon Lines revising fourth quarter, full year numbers
- Cargill adds web site focusing on grain industry
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| NOVEMBER 21, 2007 |
- BNP Paribas tells SembCorp to pay up
BANK demands $50.7m to cover forex losses, with threat of winding-up order for Jurong Shipyard if it is not paid.
- SembCorp stumps up $115m to cover unauthorised foreign exchange deals
- Wah Kwong mulls Hong Kong listing
BULKER operator could relist on Hong Kong bourse as it considers options for future development.
- DP World raises $5bn from IPO
PORT operator's share sale valued at $4.96bn and was 15 times oversubscribed.
- High flyers become future leaders at Euromed Marseille
THE founding class of 2008 prepare to hit the books at Marseilles' newest business school.
- Spreading the careers word
THE UK Merchant Navy Training Board has done well in getting young people interested in a sea career.
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| NOVEMBER 21, 2007 |
- H&W agrees recycling partnership
HARLAND and Wolff has entered into a collaboration to offer recycling services for European ships
- CBP unbends the rules on cruise
US Customs & Border Protection has proposed stricter rules for foreign-flag cruise ships sailing predominately US itineraries
- Jamaican flag dreams in millions
JAMAICA is intent on amassing 1M GT in its ship registry by 2010, according to the country's new minister of Transport and Works
- Petro-Canada in panic at St Pete
PETRO-Canada petitions Russian gas giant Gazprom for a decision as it procrastinates over a new LNG plant and tanker terminal near St Petersburg
- NeKo gets cold feet on Baltic ferry
- BIFA bashes FEFC over surcharge
- Palm oil restriction back at Cochin
- Indian shipyards on subsidy strike
- Red Sea ferry fleet cut by half
- Ulstein expands engineering base
- OSG lightering protected
- Phils extends bareboat chartering
- Warrant out for Cosco Busan
- Crew refused bail again in Greece
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| NOVEMBER 21, 2007 |
- DP World IPO oversubscribed
The stock offering, priced at the top of its indicative range, will capitalize fourth-largest terminal operator at $21.6 billion.
- Japan-U.S. trade gap shrinks
- Rotterdam ups harbor dues
- No German rail strike for now
- Nehru wants DP World to handle transshipments
- British Airways to expand Heathrow perishables
- New box station for Cochin
- NYK inks China ore deal
- Trade pact for Japan, ASEAN
- 'K' Line files FMC complaint against shipper groups
- Global economic slowdown seen in short term
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| NOVEMBER 21, 2007 |
- Oil price about to breach USD100
- More needs to be done says IMO chief
- Canadian Pacific Railway and union seek compromise
- MSC back new Santos port
- DPW shares priced at USD1.30
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| NOVEMBER 21, 2007 |
- Danes slam hijacked master
Maritime authority says captain didn't do enough to protect his crew before pirates boarded the ship in June.
- Bendtsen hoists Danish flag
Denmark's shipping minister tells TradeWinds Maritime Outsourcing Forum that the country is ready to challenge London and other cities as a global shipping centre.
- Minoan powers on
Athens-listed ferry owner banks higher profits despite reduced sales.
- More pain for SembCorp
French bank BNP Paribas wants payment for forex losses run up by Singapore yard's sacked finance chief.
- 'Not a casino boat'
Discovery Cruise Line issues a statement contradicting media descriptions of the company as running a casino boat.
- Sinotrans hits top gear
Hong Kong IPO valued at $1.42bn after bulker owner sets final offering price.
- Sembawang wins conversion work
Singapore yard to turn up to six ferries into offshore accommodation ships for Equinox.
- Ruias rampant
Essar brothers seventh on India's rich list ' topped once more by steel tycoon Lakshmi Mittal.
- Washington pulls ferries
Aging ferries serving Washington state's islands are pulled from service after sistership shows hull damage.
- Smit swells forecast
Rotterdam-based group predicts 35% rise in annual profits.
- Hess vows to appeal
The company proposing an LNG terminal in Massachusetts plans to appeal the US Coast Guard's rejection of the Weaver's Cove LNG terminal.
- No mistakes for Westgarth
Teekay Maritime Services president tells TradeWinds Maritime Outsourcing Forum that emphasis must always be on quality.
- Lund looks up
First Olsen banking on improved fourth quarter following the departure of the Bulford Dolphin drilling rig.
- Belief strong at Bottiglieri
Boss Mariella Bottiglieri bets money on post-panamax newbuildings ahead of Panama Canal widening.
- Only OSG, judge rules
Delaware judge overturns ruling that allowed another company to conduct vessel-to-vessel lightering in the Delaware Bay, the protected turf of an OSG subsidiary.
- Judge orders Busan arrest
US federal judge issues an arrest warrant for the Cosco Busan over San Francisco Bay bunker spill.
- DP World IPO worth $4.96bn
UAE port operator sets Middle East record after bumping up offering due to increased demand.
- Morel gets tough
InterManager chief wants shipmanagers to sign up to ethics code from 1 January, following revelations of shady practices.
- Echevarria a big German fan
Boxship players NSC's success could not have happened without KG system and tonnage tax, boss tells TradeWinds.
- Ocean working harder
Norwegian offshore owner sees profits increase due to higher fleet utilisation.
- Cosco's box bonanza
Hong Kong-listed company nets $194.7m from the sale of several thousand containers.
- Nordic mulls share issue
Speaking at TradeWinds Maritime Outsourcing Forum, Danish tanker owner's Flemming Sorensen says stock sale on the cards next year.
- Fair enough
Lauritzen's Torben Janholt launches defence of bulker pools that have swamped Danish owners in cash.
- NCL's numbers red
Norwegian Cruise Line parent posts an $8.59m loss after suffering losses on foreign exchange rates on euro debt.
- More to Singapore
Success as shipping hub not just about tax incentives, Singapore Maritime Foundation's Dato Jude Benny tells TradeWinds.
- Willingale reaches out
V Group director says shipmanager's broader strategy is to link up with partners for new business.
- Election gets Hansen's vote
Danish Shipowners' Association bigwig says snap poll bodes well for country's marine industry.
- Three rescued from Kamyust-1
Russian crew saved from cargoship that went down in Caspian Sea storms, but nine still missing.
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| NOVEMBER 21, 2007 |
- China Shipping plans more activity on Shanghai stock exchange
- COSCO Pacific sells containers for $195 million
- Cargolux adds second Kazakhstan city to network
- UPS's Teamster employees approve new contract
- US Airways to start Philadelphia-Heathrow flights
- FAST trucker caught at Calexico
- Senator seeks fixes, review of DHS scanning contracts
- CBP faulted for no-bid contract to Alaskan tribe
- Survey: Online shopping growing
- Leavitt to visit Port of Houston, China
- ITC: No duties for coated free sheet paper imports from Asia
- PepsiCo CEO joins U.S.-India Business Council board
- Mattel contracts Geodis to manage North Europe DC
- FMC reviews 9 OTI license applications
- Palm Beach "inland port" proposal taking shape
- DP World raises $4.9 billion in stock sale
- Cherin appointed Long Beach port executive officer
- Contaminated Hudson River dredge spoil to be shipped to Texas
- Baltimore shipyard owner's problems widen
- Port of Rotterdam increases 2008 harbor dues
- Port of Le Havre box volume up 26.4%
- Aker Yards engages JP Morgan to explore international options
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| NOVEMBER 21, 2007 |
- Color Line sells Color Festival ' and close down route
Norwegian Color Line has sold the Color Festival, built in 1985, to Medinvest SpA (Corsica Ferries). The price tag is EUR 49 million. The Prinsesse Ragnhild, which today traffics the Vestland service, is to replace the Color Festival on the ...
- V.Navy in green recycling project
Harland and Wolff Heavy Industries and Golder Associates will together with V.Navy provide a full-service, environmentally sound and socially responsible ship recovery and recycling service in Belfast. The services will be available to both commercial- and military ships. ' For ...
- First new Sundbus arrived at Helsingør
The first of the new passenger vessels to Ace Link (the former Sundsbussarna) has finally arrived at Helsingør. The ship, Simara Ace, arrived yesterday from Gdansk, Poland, where it has been built by Remontowa over a period of more than ...
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| NOVEMBER 21, 2007 |
- DOE shows unexpected oil inventory draws
Report shows decline in US crude oil imports and stocks, distillates as well.
- US Defense Department looking for African bunker suppliers
Purchases will be made using the SEA Card system.
- North Sea SECA can be fully enforced
Loophole closes as IMO regulations catch up with European Union rules.
- Fire at Durban Refinery
Storage tank still burning more than 30 hours after being struck by lightning.
- Rotterdam market firm in line with barges
- Japanese traders eye newbuilds
Seven 6,200 mt bunker tankers being built in China slated for delivery from early next year.
- Japanese supply shortage set to ease
Nippon Oil to resume supplies to the bunker market.
- Auckland: Tight avails until December
Next replenishment due on December 10.
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