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| OCTOBER 23, 2007 |
Shipping News
- Slide in shares of supertanker titans looms, say analysts
The record increase in oil prices and the unprecedented number of new tankers transporting crude is a stock market crash waiting to happen.
- Westports' productivity to pick up with new cranes
Westports Malaysia has added another two super post-Panamax twinlifters to boost productivity and to stay ahead of its rivals.
- Unit of Daewoo Shipbuilding wins US$855m order
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, said its unit in Romania won a record order to build nine container vessels for US$855 million.
- Kuehne+Nagel posts 30% profit rise
- Somali pirates hijack cargo ship Almarjan
- UPS faces class action over claims it misled franchisees
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| OCTOBER 23, 2007 |
- Samsung Heavy to build 16,000-TEU ship - the world's biggest
- CSCL to list in Shanghai to grow fleet
- SCT becomes China's first terminal to use green hybrid tractor
- ICTSI names officers for Ecuadorian, Brazilian units
- Kuehne + Nagel signs 10-year contract with Britvic
- Canada's Purolator USA makes Raleigh-Durham its Dixie logistics base
- TransContainer transports car components for GMC
- United to launch Hong Kong-Los Angeles daily service
- World Airways assigned cargo to UAE's Etihad Crystal Cargo
- Dalian Airport trade volume, value up 7pc in first nine months
- Singapore firm disassociates self with Indian namesake
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| OCTOBER 23, 2007 |
- Samsung Heavy wins order to build 8 mega boxships for Zim
- DP World, Senegal sign $ 700-m port deal
- Hainan launches weekly feeder shipping line to Hong Kong
- China has over 10,800 shipping berths
- CSCL Japan, Nippon Express join in logistics venture
- Rickmers-Linie establishes Korea subsidiary
- SAECS to add 7th vessel to Core Service
- Hanjin to build 1st dedicated terminal on US E. Coast
- CMA CGM charters 4,250-TEU newbuild from Rickmers
- Maersk Line to hike rates
- Rotterdam poised to surpass Kaohsiung as world's 6th box port
- Qingdao volumes top 7 m TEUs in 9 months
- Dalian selling stakes in two container berths to PSA & APM Terminals
- Project to redevelop Southpoint
- Asian tanker rates sink to 6-month lows
- Caravel Shipping carves out niche in logistics sector
- KPMG-Ficci report sees immense potential for processed food exports
- India-EU FTA may exclude 150 agri products
- Aussies offer expertise in ports, infrastructure development
- Panel getting good feedback on Sethu project
- Thangassery port in Kollam dedicated to nation
- GSEC-run Indore ACC strikes gold!
- India ranks 94th in global hunger index
- Farmers may be returned 10 pc of land after SEZ development
- Study proposes 12 AEZ-linked growth centres
- Export relief: Ball now in Cabinet's court
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| OCTOBER 23, 2007 |
- New management for Dachser in Sweden
- CMA-CGM offers two new Agadir-Dunkirk services
- Delta expanding long-haul services
- Cargologic AG is acquiring parts of Zürcher Freilager
- IX Air Cargo Americas in November
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| OCTOBER 22, 2007 |
- Danaos orders five 12,600 TEU containerships
- SembCorp Marine fires finance director
- Canal Barge acquires ConocoPhillips inland marine fleet
- Carnival names senior VP for corporate shipbuilding
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| OCTOBER 22, 2007 |
- Vancouver USA Port Commissioners will look at pair of action items tomorrow
- Coast Guard Sector Seattle busy with drifting vessels
- Portland Shipping Club prepares for annual Children's Shopping Spree
- Matson plans to increase fuel related surcharge
- Crowley Maritime helps deliver University of Puerto Rico solar house
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| OCTOBER 22, 2007 |
- Consortia rules to remain says Brussels
LINES will continue to benefit from special treatment under European Union competition law.
- Consortia fact-finding by EC makes box lines 'nervous'
- DP World IPO gets green light
DUBAI has confirmed that it will sell a 20% stake in state-port operator next month with listing on DIFX.
- DNV chief issues CO2 warning
SHIPPING needs to be prepared for international CO2 emission curbs by 2012 warns Henrik Madsen.
- Tired of London, tired of its life
YOU cannot deny that the City is regarded as the source of a great deal of influence, even though it makes us hate it more.
- A sad reality
IT IS easy to sound off about compensation culture and the mindset that litigates at the drop of a hat.
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| OCTOBER 22, 2007 |
- Cruising fights Mexico tax
The Mexican legislature has approved a $5/passenger tax on cruise arrivals countrywide beginning 1 July 2008, but lines continue to combat the plan
- First Reserve taps Stevenson
PRIVATE equity firm First Reserve Corporation has teamed up with ex-OMI president Craig Stevenson to form Diamond S Shipping
- Royal Caribbean outlook brightens
ROYAL Caribbean Cruises logged better-than-expected third-quarter results and is upping its earnings guidance despite higher crude costs
- RCCL: No credit crunch fears
ROYAL Caribbean executives maintain that the turmoil in credit markets is not affecting either their newbuild financing or consumer demand for their brands
- Resurgent Colombia targets investors
COLOMBIA will introduce single-company free-trade zones as part of its target to attract record foreign direct investment of $8Bn this year
- LNG: Japan gets gas beyond 2010
In a new agreement Indonesia has agreed to supply Japan with LNG gas beyond 2011 when its old contract with Tokyo expires
- China becomes Asia's paper tiger
- DP World goes public
- Billion-dollar IPO for Novorossiysk
- SMA launches sat-com training
- Many dead as Indonesian ferry sinks
- Sembcorp suspends shares in slump
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| OCTOBER 22, 2007 |
- DP World plots $3.5-billion IPO
The Dubai-based terminal operator to sell 20% of its shares in the Middle East's biggest initial public offering.
- NY-NJ terminals file for discussion agreement
- Matson hikes fuel charge
- Wildfires close San Diego port offices
- Federal mediators enter Canada port labor talks
- U.S. services exports to China surged in 2006
- Safety should be top concern, terminal operators told
- India carriers raise fuel fee
- Profit up at Kuehne & Nagel
- Panama Canal expands box traffic, adds slots for '08
- West Coast employers hopeful for early ILWU pact
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| OCTOBER 22, 2007 |
- INTTRA facilitates Chilean Customs procedures
- Drogheda reaches ' million landmark
- Indonesia's long vacation results in higher costs
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| OCTOBER 22, 2007 |
- New port planned
Brazilian investment group EBX plans to build a new port near bustling Sao Paulo.
- Pirates attack UN ship
A UN-chartered ship carrying food aid escapes a pirate attack in Somalia's waters.
- Third of Aker sought
Unnamed investor seeks to become a 'significant minority stakeholder' in the Norwegian shipbuilding giant Aker Yards.
- SembCorp sacks director
Finance director at Singapore shipbuilder is removed after alleged unauthorised foreign exchange transactions lead to potential losses in the hundreds of millions.
- Danaos inks behemoths
US-listed Danaos orders five 12,600-teu containerships at Hyundai Samho Heavy Industries.
- CSDC goes super-size
Hong Kong-listed owner confirms four ship deal with two Chinese yards.
- Crewman killed in UK
Arrests made after Goan seafarer dies in attack by gang in Southampton.
- Strikes bite at Aker
Oslo-listed shipyard group could see 4,000 workers strike by the end of the week.
- Carnival taps Finnish vet
Carnival Corp puts Aker and Kvaerner Masa shipyard veteran in charge of 20-ship newbuilding program.
- Ratings' fund tension
Employers defend levy to subsidise rich-world seafarers but admit to 'downsides'.
- Euronav to fall?
Broker ING predicting 62% plunge in third quarter net profits in weak tanker market.
- Georgia holds Turkish ship
Cambodia-flagged vessel carrying coal from Abkhazia in Black Sea held by Georgian authorities
- Sun shines for Royal Caribbean
Late bookings spur income for US giant despite menace of rising fuel prices.
- SembCorp cashes in again
Singapore shipbuilder sells another slice of Chinese shiprepairer Cosco Corp.
- CSDC rides oil wave
Hong-Kong-listed owner sees third quarter profits fuelled by China's energy thirst.
- Novorossiysk to list in London
Russia's biggest port lines up IPO of shares and global depositary receipts.
- Egyptian owner in double swoop
Maritime Offshore Projects orders two support vessels from Malaysian yard.
- Russian giants tip the scales
Morgan Stanley reveals true value of Novoship and Sovcomflot's courtship.
- Another collision off Thessaloniki
Two ships pulled in to northern Greek port as investigation opens into latest or series of incidents.
- Ship hijacked off Somalia
Race on to establish contact with armed pirated who have taken crew of UAE vessel hostage off East Africa.
- Herning claims share first
Danish firm's scheme to allow staff to buy stock could be unique among unlisted owners.
- Vroon in second Italian play
Dutch owner snaps up five-ship offshore fleet of SALM, to add to SNAD vessels bought in July.
- Mangalia on target
Daewoo's Romanian facility reaches for $3bn of annual orders and lines up 'large vessel' quartet.
- Daewoo bags nine
Mystery European owner signs up for nine 5,500-teu boxships at Korean yard's Romanian facility.
- Hy-Line ferry bashes pier
US owner's ship experienced mechanical problems as it prepared to berth at Hyannis.
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| OCTOBER 22, 2007 |
- ELAA asks EC for clarity over post-conference guidelines
- OOCL's revenue, volume rising
- Goldenport buys two 972-TEU ships
- Matson's fuel surcharge on the rise
- Sea Star to increase intermodal fuel charges
- Southwest, Continental report higher earnings
- IATA to expand Miami offices
- Union Pacific's 3rd quarter profit up 27%
- Tesco moving wine by barge
- St. Lawrence Seaway cargo down in September
- Genesee & Wyoming buys Maryland short line
- Caterpillar predicts recession, but rises on exports
- DHL, Recaro sign automotive partnership
- Hot Shot Delivery opens climate-controlled warehouse in Houston
- Kuehne & Nagel profits continue to soar despite probe
- DP World eyes Cuba, IPO
- Port of Antwerp sees 16% TEU growth after 9 months
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| OCTOBER 22, 2007 |
- First tanker sold for conversion to bulk carrier
The Greek single skin tanker Esperanza has just been sold to a Chinese buyer to be converted to a bulk carrier. Esperanza will be the first tanker to be converted fuelled by the very high market for dry bulk tonnage ...
- Peter Wessel sold to MSC
Color Line's passenger/car ferry Peter Wessel, built 1981 at Landskrona, is sold to Italian operator Mediterranean Shipping Company (MSC) for delivery 15 April to 9 May for EUR 25 million. The Peter Wessel, 29,704 gt, will make way for ...
- Switch to distillates cut CO2 emissions
Intertanko argues for such a switch to distillate fuels (MDO) not only because it would reduce particulate matter, SOx and NOx, as is widely accepted, but it would also reduce total CO2 emissions. Using MDO would reduce fuel consumption, make ...
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| OCTOBER 22, 2007 |
- Matson surcharge at record high
Shipowner responding to increasing costs, fuel up 10% over last few months.
- Rotterdam market situation improving
- Shipping line 'settles' bunker spill lawsuit
Evergreen maintains 'innocence' but 'happy to move on'.
- High Asian prices draw rare cargo
Thai refiner sells fuel oil parcel. Reports say it is destined for Singapore bunker market.
- Plea for 'on-spec' fuels
A.P. Moller-Maersk asks bunker industry to guarantee sulphur limits and provide proper MARPOL documentation.
- Hedging is 'the obvious next step'
Shipping firms remain 'very exposed' to bunker fuel price increases.
- Oil prices 'still cheap', Iran says
But Iranian Oil Minister argues that without investment in oil rich countries prices will become 'uncontrollable'.
- Chimbusco targets 3 million mt bonded sales
Chinese supplier has posted more than 2.5 million mt of sales in the first nine months this year.
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
