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| AUGUST 23, 2007 |
Shipping News
- Tanker group Frontline sees weak Q3 ahead
The world's biggest independent oil tanker group Frontline yesterday reported a rise in second-quarter operating result as forecast, but said it expects weaker results in the third quarter.
- Transocean, Noble send crews back to Gulf of Mexico rigs
Transocean Inc and Noble Corp, two of the four largest US oil and gas drillers, began returning workers to rigs in the Gulf of Mexico that were evacuated as a precaution because of Hurricane Dean.
- Carribean tanker rates steady as Dean moves in
Rates to transport oil from the Caribbean basin to the US Gulf Coast were little changed as Hurricane Dean moved through the region.
- Toll's acquisitions pay off, with earnings up 68%
- Peru to speed up sale of quake-hit port concession
- IHI to build 3 mega ships for Nippon Yusen line
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| AUGUST 23, 2007 |
- AMB to open sports merchandise logistics centre in Shenzhen
- Fesco purchases Vladivostok port operator for US$180m
- World Courier sets up cold chain logistics network throughout China
- Ningbo-Zhoushan port box volume up 37pc from Jan to July
- GGL Line launches Singapore to Europe groupage services
- US Port of Vancouver gives green light to rail project change order
- FedEx China VP shares merger tips
- Qantas hires technology chief
- TIACA Hall of Fame nominations deadline October 31
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| AUGUST 23, 2007 |
- CAI to implement RRI in LCL freight ex-India to Europe & Middle East
- Containerised wheat imports under study!
- ABG Shipyard hands over AHTSVs to UAE & Norway cos
- BTL teams up with HMM & NYK Line & to operate new Asia-Chennai service
- Bulk drugs exporters to jack up prices
- New model tariff, concession agreements for port sector to be ready by October
- Port, dock workers to observe ‘Demands Day’ tomorrow
- CoPT move to hike land rentals upsets Port users
- Railways framing new wagon leasing policy for private sector
- Hyderabad group plans 18 logistics parks in 3 years
- Fresh export relief package ruled out
- D&B rating for Texprocil’s exports
- Textile machinery producers seek policy changes to retain competitive edge
- Modified TUFs may include 10 pc capital subsidy
- Focus to be on creating more grains bins on BOO basis
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| AUGUST 23, 2007 |
- President and CEO of AirBridge Cargo quits
- Polish Register of shipping in Shanghai
- Atlas Air Worldwide reports 304% increase in net earnings
- United opposition to 25 m trucks in Germany
- Eimskip opens new office in Tokyo
- India Summit, 3-5 September 2007 in Mumbai (India)
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| AUGUST 22, 2007 |
- Farstad pulls out of Nigeria
- Riga - Moscow box trains
- Bumper IUMI in prospect
- Ship sales boost Frontline
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| AUGUST 22, 2007 |
- $10 million criminal penalty in Selendang Ayu grounding case
- Cocaine seized from semi-submerged smuggling boat
- INTERTANKO appoints Joe Angelo Deputy MD
- ASA and OSHA renew alliance
- TEN takes delivery of ice class product tanker
- Gdansk shipyard faces EC threat
- Dockwise wins float-over contract
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| AUGUST 22, 2007 |
- MOL car carrier earns Washington environmental honor
- Matson wins fifth straight Quest for Quality award
- WTSA member carriers call for forest products rate increase
- Hamburg Sud boosting Asia to Australia/New Zealand run
- Steelscape joins EPA in waste minimization program
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| AUGUST 22, 2007 |
- Fredriksen mulls separate listing for ITC
FRONTLINE looks at enhancing the value of its investment in Independent Tankers Corp.
- Fredriksen sells Sea Production
- Salvors work to refloat New Flame
EXPERTS are working to refloat half-sunk bulker amid fears the ship would break in two.
- Jinhui profits slashed by foreign exchange deals
OSLO-listed bulk shipowner's second quarter profits plunge 95% after sudden rise of Japanese Yen.
- How Royal Caribbean kept faith in Cartagena
INCREASED spending by Colombia on policing and intense lobbying of the US cruise companies have resulted in the return of customers.
- Variety in the spill
THE International Tanker Owners’ Pollution Federation has increasingly been concerned with spills from vessels other than tankers.
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| AUGUST 22, 2007 |
- Gdansk fights EU for its future
The future of Poland’s Gdansk shipyard is under threat after a clash between the Polish government and the European Competition Commission over EU cash demands that could close the iconic site
- Costa Maya takes serious hit from Dean
President Felipe Calderon is expected to visit the Mexican cruise port of Costa Maya today, where widespread destruction is being reported following Hurricane Dean
- Barge turns turtle in whale waters
CLEAN-UP efforts continued today in British Columbia after a barge turned over in Robson Bight on Monday, dumping its cargo into an area frequented by killer whales
- Economou beats the Street
DryShips' heavy spot exposure has paid off, with 2Q07 earnings far exceeding the Wall Street consensus forecast
- ‘Banned’ training centre alleges forgery
The Philippines’ largest maritime training institute has denied that it has been ordered to stop operating, claiming the presidential order is a fake
- Sealift fails to lift Dockwise
COSTS related to its merger with Sealift weighed down the 1H07 result of Dockwise, which reported a net loss of $41.5M
- Salvors speed New Flame break-up
- Half a million for whistle-blowers
- Maybulk doubles earnings as rates soar
- Hurricane Dean spares oil platforms
- Frontline triples profit
- Record result for BHP Billiton
- Vietnam seeks to cut oil dependency
- Hamburg-Süd to buy Costa Container Line
- Farstad exits Nigerian ops
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| AUGUST 22, 2007 |
- Construction begins on United Arab Shipping high-speed container vessel
New ship is part of $850-million contract for eight 6,919-TEU containerships with service speed above 25 knots.
- Weak peak start for Tacoma
- U.S. awards grant for Indonesia transshipment hub
- Cranes arrive at Prince Rupert
- Greek vessel operator fined in dumping case
- Union Pacific breaks ground on Texas intermodal hub
- Con-Way Freight combines regional truck lines
- Cargolux cuts fuel fee
- Ocean lines ask for Nehru strike assurances
- EU approves Scandlines sale
- Future of Europe's 'Solidarity' shipyard in doubt
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| AUGUST 22, 2007 |
- HHLA’s TCT to get 800,000 TEU extension
- Third most intense hurricane, Dean, losing its strength
- Seko expands into the Nordic region
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| AUGUST 22, 2007 |
- Shipowner mayor resigns
Per Ditlev-Simonsen steps down as mayor of Oslo after reports of bank account in Switzerland.
- SFI takes a hit
Higher interest expenses and smaller gains from disposals push net profit down at Fredriksen tanker owner.
- Handy three-year deals
New York-listed Genco has chartered three of its new acquisitions to repeat customer PacBasin.
- Farstad fired up
Norwegian supply-ship owner records 50% leap in second-quarter profit despite North Sea spot rates dropping.
- Whistleblowers cash in
Four Kassian Maritime crew members have collected rewards of up to $230,000 for revealing their ship’s ‘magic pipe’ dumping.
- Exchange pain for Jinhui
And more financial losses expected as dry-bulk owner sees profit wiped by forward contracts and lack of sales cash.
- Master Ferries opens with loss
Norwegian ferry newcomer struggled in 2006, its first year of operation.
- Golden Ocean snaps up cape
John Fredriksen company adds seventh bulker to orderbook at Zhoushan Jinhaiwan in China.
- Weather threatens New Flame
Controlled break-up of Greek bulker off Gibraltar scuppered as adverse weather could finish the job.
- Bulyard brings in Vik-Sandvik
Bulgarian shipbuilder to form joint venture with Norwegian design house in buoyant market.
- Green light for Scandlines
European Commission clears takeover of Baltic ferry line by Allianz, 3i and DSR.
- Rates raise Globus
AIM dry-bulk newcomer Globus Maritime reports increased second-quarter income on higher TCE averages.
- Jadroplov back in business
Better markets erase losses in first half for Croatian bulker and boxship owner.
- Farstad exits Nigeria
Norwegian owner pulls out of dangerous market with sale of anchor-handler to partner Vigeo.
- Disposals lift Frontline
Gains on Sealift shares and vessel disposals triple second quarter profits at Fredriksen outfit.
- Namura back on profit trail
Japanese shipbuilder turns it around in first quarter, despite revenues falling.
- Halim Mazmin slips to loss
Weaker US dollar takes its toll in the second quarter performance at Malaysian boxship operator.
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| AUGUST 22, 2007 |
- Link to China provides impetus for Polish ship classification revival
- FESCO acquisition leads to Baltic/North America service
- DryShips reports profit surge
- Stolt-Nielsen order bitumen tankers
- Vietnam shipping company plans share sale
- Thai company plans fleet expansion
- Delta Airlines names new CEO
- Con-way merging units
- Bay Area rail plan calls for massive investment
- Flynn proposes $250 billion infrastructure trust fund
- USDA keeps start date for almond treatment rule
- SEKO opens Copenhagen office
- FMC reviews 17 OTI license applications
- CSX Intermodal service back in Elizabeth
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| AUGUST 22, 2007 |
- Oslo Marine claims authority abuse
In a press statement, Oslo Marine says that police and military entered their offices in St Petersburg on 16 august ...
- Farstad to leave Nigeria
Farstad Shipping ASA, Ålesund, has decided to withdraw from Nigeria for security reasons. The joint venture with Vigeo Ltd will ...
- Poland and EU disagrees on shipyards
Poland wants to shut-down only one drydock at the Gdansk shipyard by 2010, while the EU Commission wants two ...
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| AUGUST 22, 2007 |
- Fuel spill worries whales
'Devastating' spill causing concern as response getting underway.
- US stocks of crude up, gasoline sharply down
Oil prices little changed after unexpected gain in crude inventories.
- O.W. Icebunker launches Pacific bunkering service
Aims to meet client demand for fast and reliable bunker services offshore South America, hints at future expansion.
- Two new traders at Dan-Bunkering
- Controlled breakup considered for New Flame
Salvage crews optimistic that danger of bunker spill is still minimal after vessel's condition takes a turn for the worse.
- Supplies of high viscosity material tightening
Prices firm for Middle East fuel oil cargo as arbitrage volumes slacken.
- Rotterdam market stable at midday
- Tests 'confirm' potential of SkySails system
New research 'backs company's claims' for fuel savings.
- Asian bunker prices soften
Falling crude oil prices the main factor.
- Doubts over India's commitment to bunkering
Projects are still being stalled by lack of clarity over tax regimes.
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