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| APRIL 23, 2007 |
Shipping News
- Crude freight almost at 3 1/2-year low
THE world's leading crude oil export routes came within a whisker of a three-and-a-half-year low last Friday on hefty ship supply, cuts by the Organisation of Petroleum Exporting Countries and a mild winter, ship brokers and analysts said.
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| APRIL 23, 2007 |
- OOCL first quarter revenue up 11.6pc on rising Asia-Europe volumes
- Zhejiang ports' box throughput surges 53pc in Q1
- CIMC named top corporate governance performer
- Wuhan to gain national standard status for logistics park
- Vycon to market flywheel device in ports worldwide
- GGL launches direct service from Singapore to Busan
- NileDutch doubles feeder service in West Africa
- Continental profit back at US$22m after years of loss
- Budget Air Deccan to launch low-cost airfreight unit
- Korean Air named Boeing supplier of the year in `major structures'
- China Southern's upgraded cargo system offers speed
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| APRIL 23, 2007 |
- MoS, Plan panel differ on port tariff policy
- VLCC fleet seen doubling this year
- Freight rates for shipping coal from Newcastle soar
- A.P. Moller-Maersk to meet ITF unions at Copenhagen
- Lanka seeks removal of NTBs
- GIDC inks investment pact with Jetro
- India, Belarus sign 6 MoUs
- 2006-07-Golden phase in Kandla Port’s history
- Pakistani wheat shipment bound for Tuticorin Port
- CONCOR’s DRT-CFS obtains coveted ISO 9001:2000 certification
- Cabinet clears move to repeal Carriers Act
- Projected retail boom attracting global logistics, warehousing cos to India
- Status holder scheme revamped
- Agricultural exports to be the focus area now—Kamal Nath
- FM to speak at CII meet today
- AIEC AGM today
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| APRIL 20, 2007 |
- Michael Fischer communicates for Kerry Logistics
- Port of Amsterdam continues to see strong growth in first months of 2007
- Ocean flies to Lahore and signs agreement with Gul
- Poland: PKP Cargo to fight for the market
- Geis Group: significantly higher results in 2006
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| APRIL 22, 2007 |
- Industry support for IMO air emissions study
- Shipping industry slams Panama fee hikes
- Clarkson braced for Russian claims
- EC ponders Polish yards subsidy case
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| APRIL 20, 2007 |
- V. Ships to manage SCAN Geo newbuilds
- Excelerate boosts LNGRV fleet
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| APRIL 20, 2007 |
- Marcon International brokers sale of pair of former WWII tugs
- General Dynamics' Electric Boat nets $32 million Navy contract
- Wild Salmon cook off set for Seattle terminal
- Senators introduce legislation aimed at boosting rail capacity
- US rail freight traffic posts down numbers for week
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| APRIL 20, 2007 |
- Clarkson to fight lawsuit
SHIPBROKER says it will defend High Court action brought by Sovcomflot against subsidiary H Clarkson & Co Ltd.
- Clarksons ‘agrees $1.5m Abu Dhabi settlement’
- Excelerate buys into Exmar newbuildings
US firm takes equity stake in Exmar's eighth LNG regasification vessel plus two other newbuildings.
- Jinhui profits tumble as charter income crashes
HONG Kong-listed group net profits falls 58% last year to $28.6m.
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| APRIL 20, 2007 |
- Stolt to quit US bourse
STOLT-Nielsen has announced that it will voluntarily de-list from NASDAQ, citing low trading volumes
- Brazil dreams of exclusive ethanol carrier
THE head of Transpetro, the shipping arm of Brazilian oil giant Petrobras, sees Brazil as 'the Saudi Arabia of renewables', and wants tankers specifically for ethanol transport
- MCA brass seek coastguard dispute solution
MCA managers have been considering concerns raised by volunteer coastguards while plans were put in place to cover rescue services during strike action this weekend
- Ottawa ends rail strike
THE Canadian Parliament has approved a law ordering an end to a round of strikes and lockouts at Canadian National Railway that had drawn the ire of national shipper groups
- Agricore bows to James Richardson
- Indonesia to build 15 new ferries
- China growth tops 11%
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| APRIL 21, 2007 |
- Customs says 97% of importers, brokers comply with commercial regulations
Most importers and brokers receive high grades from Customs and Border Protection for their compliance with regulations.
- Protesters blockade Toronto-Montreal rail line
- S. Carolina Senate moves port project ahead
- Mandatory truck e-manifest set for Canadian crossings
- EC approves program for customs modernization
- OOIL net slides
- House passes WRDA bill
- CSCL extends ship charter
- Hanjin charters five vessels
- Seaspan prices shares
- Japan gets shipping fund
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| APRIL 20, 2007 |
- Daewoo clinches US$1.66bn of orders, including five boxships
South Korea's Daewoo Shipbuilding announced today that it had won US$1.66bn of new orders this month, for 16 vessels, of which five are containerships.
- St Petersburg: "Area Four is Go"
Container handling has started in "Area Four" of St Petersburg port, opposite First Container Terminal, with the weekly arrival of UniFeeder, with more to come, according to the port.
- Valediction: Liner Alert goes "ci-offline"
- Moth blights New Zealand's apple exports to Taiwan
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| APRIL 20, 2007 |
- 65,000,000 reasons...
...why breaking up is hard to do for buyers Teekay Shipping and Torm and their acquisition, OMI Corp.
- Begging to differ
The dean of US shipping analysts at JP Morgan is touting Teekay and TEN one day after his counterpart at Citigroup told investors to sell both.
- Clarksons shares plunge
Top shipbroker’s stock drops 18% over $54m of claims in Russian maritime fraud battle.
- Berlian seeks $200m
Singapore-listed tanker owner to launch bond issue to fund new ships.
- Ultrapetrol ramps it up
Latin American owner unveils enlarged share sale after stock jumps 10% in last fortnight.
- Second bidder for Birka
Eckero Line faces competition from unnamed rival in takeover battle for Finnish ferry owner.
- Blystad in bulk sale
Norwegian owner nets substianial profit from deal with India's Mercator for four panamaxes.
- Ahlmark offloads veteran
Swedish owner sells 1984-built general cargoship to Finnish start-up.
- India cracks down on agents
New rules require freight forwarders and brokers to register in bid to combat overcharging.
- Tsakos docked
Shares of Greek owner inflated by more than 10% says bank as it slaps a sell recommendation on the company.
- Jinhui slides
Asian bulker player sees profits decline by half on weaker rates and premature capesize punt.
- Strike call
Run of labour disputes leads to deficit for mutual that covers ship delays.
- Exmar gets busy
Belgian owner orders eighth LNG regasification ship at Daewoo and buys into Wah Kwong's small gas carrier newbuildings.
- Sri Lankan exporters cry foul
Shippers appeal for state intervention to lower IPBCC boxship group's terminal handling surcharges.
- Drugs bust in US
Three bags of cocaine worth $3m seized from German-owned boxship headed to New York from Ecuador.
- Welsh coastguard strike continues
Talks with MCA over insurance cover end unresolved as calls to coastguards go unanswered.
- Yantai wins pipe-layer order
Italy’s Saipem picks Singapore yard for 2010 delivery of ice-strengthened ship.
- Japanese trio launch fund
Singapore has seen its first Japanese ship investment fund launched under its Maritime Finance Incentive.
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| APRIL 20, 2007 |
- OOCL sees Asia/Europe revenue surge
- Hyundai's profit slides 68% in 2006
- Stolt abandoning Nasdaq listing
- Hanjin charters five 3,400-TEU vessels
- Containerships increasing U.K./South Baltic frequency
- Barge line names new head of liquid transport
- Continental posts $22 million 1st quarter profit
- Mandatory e-truck manifest kicks in on southern border
- Union Pacific posts record $386 million 1st quarter profit
- Brazilian railway jumping into intermodal sector
- Siberia-Alaska tunnel discussed
- Logistics giants casting their eyes on India's retail potential
- American wheat farmers encouraged to join AWB lawsuit
- Asian importers say U.S. buckwheat not O.K.
- Panalpina names Hug to replace retiring chairman Fischer
- FMC reviews 6 OTI license applications
- Shanghai moves ahead of Hong Kong as world's 2nd-busiest box port
- N.Y.-N.J. port authority sells $450 million of bonds
- Port of Rotterdam receives more gantry cranes for new Euromax terminal
- Cocaine found in shipment at Port of Baltimore
- Longshoreman killed in Seattle
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| APRIL 20, 2007 |
- ISU warns for complacency
International Salvage Union (ISU) members recovered over 566,000 tonnes of pollutants during salvage operations last year. As against 2005, this ...
- Mangen sold to Finland
The Swedish shipping company Ahlmark Lines have sold their Netherlands Antilles-flagged 3,050 DWT dry cargo vessel Mangen to Finland ...
- DIS flag for B&B newbuilding
Bukser & Bergning in Oslo has decided to register its newbuilding, under construction at Astilleros Armon S.A. in Spain, in the ...
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| APRIL 20, 2007 |
- San Francisco grabs West Coast business
Prices diving as supplier shifting barrels to cost-conscious customers.
- Engine maker MANages top profit result
Sales drive profit increase with order books already filled.
- No decision in sulphur debate
IMO chief calls for a 'specialist group' to consider all options for controlling emissions from ships.
- Pollution control 'not as simple' as switching to distillates
BP Marine’s Director of Environment and Sustainability calls for "informed, rational and coherent" debate.
- Worrying sodium trend reversed
Curious fuel irregularities appear to have abated this month.
- BP Marine relocates sales office
Rotterdam team to take over bunker sales previously handled in the UK.
- Rotterdam market holds steady
- Vopak expands Singapore storage capacity
Total storage capacity in Singapore will grow to 2.6 million m³ in 2008.
- Nigerian Government approves bunker licences in Niger Delta
Presidential committee says stronger bunker industry would provide employment, add value to refinery operations and increase trade.
- Singapore supplies stage recovery
Bunker prices easing this week but softer trend may not hold for long.
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