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| JULY 23, 2007 |
Shipping News
- LA port clerks submit final offer in labour talks
Clerical workers presented their final offer to shipping companies after all-night contract talks aimed at preventing a strike at the largest US port complex.
- Black Sea tanker rates fall to 3-year low
The cost of shipping crude to southern Europe from the Black Sea fell to its lowest in more than three years as rising oil prices stifle demand and global production of tankers accelerates.
- All cargo containers that enter US to be scanned
Virtually all cargo containers entering US ports will be scanned by radiation detecting equipment by the end of the year, Homeland Security Secretary Michael Chertoff said on Friday. However, more advanced equipment is needed to help speed the process and spot a potential nuclear device or dirty bomb, he said during a visit to the twin ports of Los Angeles and Long Beach.
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| JULY 23, 2007 |
- 'K' Line launches 10-ship panamax building programme
- Nordseewerke launches 2,700-TEU ship at Emden yard for Hamburg Sud
- Suzhou Industrial Park's bonded cargo volumes rise 55pc
- Shanxi foreign trade soars 84pc in first half of 2007
- Port of Quanzhou sees January-June throughput increase 21pc
- Philippine President Arroyo opens new Subic Bay container terminal
- Vancouver authorities drive old trucks from docks in clean sweep
- Agility establishes own offices in Australia
- China Southern Airlines launches Shanghai-Cebu service
- Cathay increases cargo services to Dallas and Atlanta
- JAL launches twice weekly all-cargo service from Tianjin to Tokyo
- Continental seeks New York-Shanghai flight rights
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| JULY 23, 2007 |
- HMM, TSK Line & BTL announce East Asia-Chennai service
- Great Offshore’s Q1 net up 60 pc
- CSL sails to record shipbuilding figure
- MoS seeks 10-year extension of shipbuilding subsidy scheme
- Many suitors line up for debt-ridden Western India Shipyard
- Greatship Global signs deal for 2 PSVs
- DCI gets Cabinet panel’s go-ahead to buy 3 dredgers from Netherlands firm
- SCI’s fleet expansion gets CCEA nod
- Allcargo reaches new milestone in de-stuffing import consol boxes
- M. K. Shipping joins hands with CARGOSOL to offer value-added shipping services
- Chinese cos getting set to supply cement now
- Japanese fund component of corridor to be sought
- DEA seeks instant payment of duty drawback
- Roadmap to Goods & Services Tax to be drawn up soon
- Kamal Nath honoured with global ‘FDI Personality of the year’
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| JULY 20, 2007 |
- Winners of the Young International Freight Forwarder of the Year award in 2007
- MacAndrews and Reefer Xpress open new Bilbao-Rotterdam-Sheerness service
- Air France-KLM signals interest in Iberia
- Talks on Khasan (Russia)–Rajin (North Korea) rail link
- Slovenia and Italy want new cross-border rail link
- J.B.Hunt reports good results in Q2/2007
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| JULY 20, 2007 |
- Bourbon to sell harbour tugs
- London Club "healthy"
- EU liability plan will have opposite effect says Lyras
- Stolt-Nielsen restructures
- Nordic American looks to raise US$129m
- "Light touch" policy for UK ports
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| JULY 20, 2007 |
- NASSCO takes $100 million T-AKE award
- BIW to build lead DDG-1000?
- IMO reports on MEPC session
- Stolt splits Transportation Group
- Legislators agree container scanning requirement
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| JULY 20, 2007 |
- Public hearing scheduled for Port of Olympia land sale
- OOCL christens new 4,578 TEU container ship
- Port of Vancouver, USA hosting International Festival
- US rail freight traffic drops down during week
- Past Coast Guard commandant Admiral Owen W. Siler dies
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| JULY 20, 2007 |
- Market approves Genco capesize deal
PETER Georgiopoulos’ supposed market savvy has translated into a share price surge for dry bulk arm.
- Pacific Basin staff prepare for stock windfall
STAFF at Handysize specialist holding nearly 21.26m shares will finally be able to trade the stocks after the firm’s interim results on August 7
- MSC Napoli broken into two sections
SIX months after being deliberately beached, the containership MSC Napoli was finally broken into two sections at noon today.
- Share sale marks Fincantieri revival
ONCE-touted full scale privatisation is not an option for the time being.
- Rattling cages
WITH the trend to criminalise seafarers, who, would take on such a job?
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| JULY 20, 2007 |
- Second Indian death heightens concern
The death of a 47-year-old seafarer on a GE Shipping tanker has deepened concerns over crew safety issues
- Shipping 'overwhelmed by inexperience'
SHIPPING is in danger of being overwhelmed by a rising tide of inexperience, warns North of England P&I club this week
- Bidders line up for Western India
ABG Shipyard and Bharati Shipyard are among four bidders to take over debt-ridden Western India Shipyard in Goa
- MSC Napoli finally split in two
STRICKEN container ship MSC Napoli was successfully split in two at 1226 local time today, using third cutting charges to separate the remaining two longitudinal joists
- Genco shares 'go berserk'
TRADING in Genco shares left some market-watchers in disbelief as the stock skyrocketed 20% yesterday on news of the Metrostar deal
- Cochin posts record results
COCHIN Shipyard, India’s largest shipbuilding and repair facility, has posted record revenue, net profit and output for the year 2006-07
- Ro-pax Cotentin to run from Poole
- Mombasa acts on delayed containers
- Colombo security delays sailings
- Mobile cold ironing test successful
- LA, LB strike talks plod on
- Labroy hit by insider trading
- First Ship Lease Trust pays more
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| JULY 20, 2007 |
- Congressional conferees agree to 2012 deadline for scanning of all containers
Conference panel agrees on 9-11 bill provision calling for all containers to be scanned at foreign ports before they are loaded aboard U.S.-bound ships.
- House farm bill to return ag inspectors to USDA
- Cattlemen win battle to preserve country-of-origin labeling
- Panama Canal awards first expansion contract
- "K" Line orders Panamax ships
- Kitty Hawk for sale?
- Hub Group profit gains
- Continental cargo revenue slips in second quarter
- Sides working out details in ILWU contract talks
- Excel expands drybulk fleet
- Genco buying Capesize ships
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| JULY 20, 2007 |
- Crunch time for the terminals
A heady cocktail of ramped up liner services, phenomenal growth and the ‘peak-season’ just around the corner means the pinch is about to be felt at many of the world’s container terminals.
- Sinotrans adjusts its strategy
- Slow progress in LA and Long Beach ports clerical contract talks
- UK ports sector strategy spelt out by new shipping minister Fitzpatrick
- K Line orders niche overpanamax ships
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| JULY 20, 2007 |
- TMM goes shopping
Mexico’s Grupo TMM has securitised 20 years’ worth of revenues in a deal that opens for tanker and offshore acquisitions.
- Tsakos sells bulker pair
Tsakos Shipping & Trading is said to have cashed in on two panamax bulkers.
- ‘Doha’ fuels UK union fears
Another incident involving a UK-flag ship with foreign crew has prompted fresh safety concerns.
- Indian crew crisis
Two apparent suicides and an assault on a colleague revive concerns over stressed seafarers.
- NAT takes a knock
Secondary offering and dividend forecast prompt shareholders to cut share price.
- And then there were two
MSC Napoli finally blown into two pieces with bow destined for recycling in European yard.
- Tanker damaged in Suez grounding
Initial reports indicate damage to ballast tank of Greek suezmax being inspected in Bitter Lake.
- K Line confirms HHI order
Korean yard to build ten 4,500-teu units for Japanese owner which is reported to have dropped a sextet of charters.
- Garware opens in Singapore
New subsidiary will start with chartering but is eyeing acquisitions in future.
- Stolt split
Oslo-listed firm to detach shipping and tank container activities in pursuit of growth.
- Fortress jumps in Interpool
Failed OMI bidder completes purchase of box lessor.
- Greatship bags brace
Offshore subsidiary of India’s Great Eastern signs for a pair of PSVs in Singapore.
- Fesco does it again
Russian owner issues yet more stock for expansion and debt repayment.
- Knock Stocks fires Bonheur
Sale of single-hull suezmax gives Fred Olsen holding company both barrels in the second quarter.
- Cochin achieves record growth
Total dwt built at Indian yard increases on the back of hefty offshore support vessel orders.
- Genco buys more Jinhui
A $1bn deal doesn’t stop Peter Georgiopoulos from lifting stake in Oslo-listed bulker player.
- Excel takes Eitzen pair
Greek bulker player emerges as buyer of two supramaxes for $126m from Oslo-listed owner.
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| JULY 22, 2007 |
- "K" Line orders 10 Panamax boxships from HHI
- Stolt splits parcel tankers, containers
- Genco buying nine capesize bulkers
- FESCO floating 15% new shares issue
- British flag awarded Qualship 21 status by U.S. Coast Guard
- Korshunov joins ACS in Dubai
- UPS adds 747-400 freighter to its fleet
- U.S. House approves Great Lakes funds
- UP posts record revenue, 14% profit increase in 2nd quarter
- Hub Group reports higher profit
- DHS overhyped advanced radiation detectors’ effectiveness, Post says
- Democrats win on 100% cargo scan provision
- ITC: Big jump for U.S. ag sales to Cuba, if trade restrictions lifted
- Japanese automakers halt production as earthquake impacts parts maker
- FDA denies hearing on X-ray inspections of food in cargo containers
- Analysis: Flat panel market set to explode over next 3 years
- Commerce seeks industry members for advisory
- Wallenius Wilhelmsen Logistics gets Honda contract in Ohio
- DHX acquires 18,000-square-foot facility in Guam
- U.S. Navy logistics unit changes command
- General Freight tabs Higgs to lead international division
- Ryan Express pitches beef to Japanese baseball fans
- U.K. government publishes interim ports policy review
- N.C. ports wait for government funding, warehouse tenants
- S. Calif. ILWU office worker contract talks resume
- Panama Canal expansion contract awarded
- Port of Antwerp cargo up 7% in first half
- Oakland approves innovative ship-to-shore power pilot project
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| JULY 20, 2007 |
- Panama Canal avails 'adequate'
Quiet day to end week as prices slip amid supply talk and buyers focusing elsewhere.
- Caribbean, South America on bull run
Significant jump in regional bunker prices as impact of firming markets elsewhere spreading.
- Napoli successfully split in two
No reports of pollution as salvage operation moves into new phase.
- Saudi fuel oil cargo gains value
Discount to Singapore shrinks in thirsty market.
- DNVPS recommends early SECA compliance
Majority of EU member states in and around North Sea SECA aim for August implementation, rather than IMO's November deadline.
- Egyptain player eyes more operations in Port Said
Mashreq Petroleum is bidding to build terminal and liquid storage facility.
- Rotterdam market continues to firm
- Asia bunker prices in dramatic surge
Singapore sees highs of $415 per metric tonne for 380 cst bunker fuel.
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
