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| JANUARY 24, 2007 |
Shipping News
- Fleet growth at current pace 'can't continue indefinitely'
A global shipping industry veteran has warned that fleet growth cannot go on indefinitely at the pace seen in the last few years, and that it is going to be rather painful for the industry when trade with China and India slows down.
- Kidnappers seize 24 Filipino sailors in Niger Delta
NIGERIAN kidnappers seized all 24 Filipino crewmen on board a vessel owned by Seereederei Baco-Liner GmbH in the Niger Delta on Saturday, the Philippine Foreign Affairs Ministry said.
- Shanghai Port posts 2.95b yuan profit
SHANGHAI International Port Co, operator of China's busiest container port, said it made a profit of 2.95 billion yuan last year, as the country's rising trade boosted sea cargo demand.
- S'pore hosts ARF security shore exercise
- NOL to upgrade Vietnam container terminal
Strait Talk
- Out of trouble's way: a week in the life of a salvage tug
LOOKING up from a stationary vessel to see the world's largest container ship bearing down at about three miles was just one of several memorable images of a few days last week spent on the salvage tug Anglian Monarch.
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| JANUARY 24, 2007 |
- Singapore holds lead as world's No 1 container port
- Shanghai's foreign trade value rises 22pc in 2006
- Container throughput at LA-Long Beach up 11pc in 2006
- Cosco Logistics to open Keelung office
- Horizon Lines uses cargo tracking technology to monitor boxes
- Safmarine adds to Far East, S America, S Africa services
- Luanda port gets boxed in as congestion worsens
- Continental Airlines back in the black in 2006
- Dragonair starts Hong Kong-Busan scheduled service
- US Transport Security chief protests bill to screen all bellyhold cargo
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| JANUARY 24, 2007 |
- Shipowners hope to continue operating single hull tankers beyond 2010
- Cargoplan International appointed Davies Turner’s partner for India seafreight ops
- GCL transports Nepal peace force gear to Beirut via Kolkata Port
- GAC India Logistics rocks with Australian band
- Export of skimmed milk powder may be banned
- Tirupur knitting up Rs 11,000 cr. of exports
- Gopalpur port to be developed into all-weather facility
- Reliance Cap picks up 31 pc stake in BLR India
- Customs duty on raw materials & capital goods slashed
- PM & FM agree on need to cut corporate tax & I-T
- US visas accessible for investors-Phulwani
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| JANUARY 23, 2007 |
- Mediterranean Shipping Co (USA) announces key executive promotions
- TUI/Hapag-Lloyd take-over rumours going on
- BA World Cargo expands shorthaul freighter programme
- Port of Cologne still growing
- DHL to invest USD 35 million in Hong Kong
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| JANUARY 23, 2007 |
- MSC Napoli debunkering starts
- Violent attacks in Congo, Nigeria
- Only 25 states volunteer for IMO audit
- K Line coal carrier first of class
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| JANUARY 24, 2007 |
- Salvage cost could hit $20m
SALVING the MSC Napoli could cost $15 to $20m should the vessel break up, according to salvage experts.
- Fatigue problem avoidable, says DNV
- Lack of solid policies threaten British fleet
DRAMATIC revival of UK fleet can only be sustained if the British government maintains constructive shipping policies.
- Napoli hailed as 'model' for places of refuge directive
MSC Napoli is the perfect example of the need for the European Commission's proposed directive on places of refuge.
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| JANUARY 23, 2007 |
- Bulker aground off Cadiz
SPANISH maritime authorities are to make a second attempt to refloat the Bahamas-flagged bulker Ocean Globe, which ran aground last night off Cadiz
- Teekay, Marubeni in CNG alliance
TEEKAY Shipping and Marubeni Corp are to form a strategic alliance with Sea NG to develop a system for transporting compressed natural gas
- BC Ferries given food for thought
THE report into the sinking of BC Ferries Queen of the North last March has described relations between the operation and the seafarer union as dysfunctional
- Russia state auditor blasts Total
FRENCH oil company Total has been accused of serious environmental violations and costly damage at its Russian Arctic project, Kharyaga
- Cruise braces for new disability rules
- Irish Ferries buys Kronprins Harald
- Cracked bulker calls at Honolulu
- Long Beach LNG terminal plan killed
- CMA CGM to rejoin TSA
- Star Cruises gambles on Macau
- Smit begins salvage work on Napoli
- SNCM, CMN close to Corsica reconcilation
- Buenaventura bombing kills six
- Owners seek enviro-subsidies
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| JANUARY 23, 2007 |
- BNSF profit gains, railroad to spend millions to speed up intermodal trains
Burlington Northern Santa Fe boosts fourth quarter profit by 21%; budgets $750 million for track upgrades and expansion of intermodal hubs.
- Salvage of MSC Napoli could take a year
- Record revenue for Canadian National
- NY-NJ port sets rail mark
- Matson cuts fuel charge
- Crowley adds Virgin Islands ship
- Export ABCs: UCP 600
- Piracy down 3rd year in row: IMB report
- New Mideast-S. America service planned by CMA CGM
- India motor carriers call off planned strike
- Vietnam box hub to expand
- Dubai plans business hubs
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| JANUARY 23, 2007 |
- Heavy weather leaves Deltaport counting the grounded boxes
Bad weather marked by violent winds in the past few weeks has left nearly 7,000 containers stranded on the docks of Deltaport, Vancouver’s biggest box facility.
- Interview: Pacific Shipping Trust to spend US$1bn on three-year ship acquisition spree
Pacific Shipping Trust will invest US$1bn to buy ships in the coming three years, which implies an investment of US$300m a year, says its trustee-manager PST Management.
- Fuel pumping work to start on MSC Napoli tanks
- UK ports await news on infrastructure funding
- Berlin and Brussels negotiate over Maut compensation for German truckers
- Fire and rain hit Australian freight services
- Pyeongtaek to open two new berths this year
- APM Terminals to extend Pipavav facility
- Pacific Shipping Trust achieves an annual yield of 9.17%
- Longer quay for VICT will increase handling capacity
- Samudera Indonesia to buy two new containerships
- Colombian port in US$150m tooling up exercise to handle regional cargo
- Thailand expects 10-12.5% export growth for 2007
- Santos port authority accused of manipulating water-depth statistics
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| JANUARY 23, 2007 |
- Eimskip falls to annual loss
Expanding Icelandic boxship and reefer owner pushed into the red by higher costs.
- Offen ship grounds in France
Maersk-chartered container ship re-floated after running aground in port of Le Havre
- Teekay in CNG alliance
Top tanker owner to help develop gas pipeline aboard ship project.
- Maersk ups ante at Pipavav
Danish shipping group planning another berth at expanding Indian box terminal.
- Ship blaze off Japan
Ten Chinese crew members plucked from burning vessel off Japan’s southeast coast.
- CMA CGM: 'No link to previous grounding'
Previous charterer of vessel listing off UK coast denies any link to 2001 incident which required extensive repair work.
- Wang plots huge expansion
Seaspan boss wants to add 15 containerships a year to more than double the fleet by 2012.
- Another bulker aground
Salvors battle to prevent bunker spill from Fidakis handymax off Cadiz.
- Star goes into orbit
Shares soar almost 50% as Stanley Ho takes a gamble on Asian cruise line.
- Cosco ship holed off Hawaii
Gash below waterline sees 30-year-old Chinese vessel pulled into Honolulu for repairs.
- DPS wins tanker deal
Indonesian yard receives vote of confidence from Prestige Marine of Singapore.
- Strait Shipping extends reach
New Zealand owner adding Napier to coastal run for its Kent ro-ro.
- More growth for ABG
Indian shipbuilder continues to hike earnings in third quarter as orders roll in.
- ICG buys Color Line ferry
Norwegian owner sells 31,914-gt unit to Irish Continental Group to replace Normandy on Ireland-France route.
- Varun profit shrinks
Third quarter drop in earnings on lower revenue for Indian gas carrier and tanker player.
- Rousse workers on strike
Bulgarian shipbuilder operating without 100 of 1,000 staff this week in pay protest.
- Wartsila inks HHI LNG pact
Finnish group to make dual-fuel engines for gas carriers through new Korean joint venture.
- Genco getting younger
US-listed bulker owner confirms sale of oldest vessel in fleet at “favourable price”.
- Bibby adds Mira
UK owner expands European operations with general cargoship from Germany’s Rohden.
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| JANUARY 23, 2007 |
- Maersk cutting transpacific loop
- CMA CGM rejoins TSA
- "MSC Napoli" container looting continues
- CMA CGM: "MSC Napoli" sold in perfect state
- BIMCO wants EU coastal states more active with shipping improvements
- Zim, Emirates add ship to Asia/U.S. Gulf and East Coast loop
- CMA CGM to link Brazil, Middle East, India and South Africa
- ISU hopes to present spill risk reduction plan to Borg
- Pirate attacks wane near Malacca Straits
- Crowley makes peak season U.S./Virgin Islands loop permanent
- Matson decreases fuel surcharge
- E.R. Schiffahrt names 2,824-TEU ship
- Hyundai joins INTTRA
- CORRECTION: Taxi-style licensing system advocated for port trucking
- Macquarie executive moves to DOT
- U.S. drops Bulgaria, Romania from GSP
- Indian customs duties cut on several products
- Hutchinson veers back to Venable
- Davies Turner selects Cargoplan as U.K./India ocean freight agent
- FMC reviews 13 OTI license applications
- Vietnam International Container Terminals expanding
- Virginia begins berth expansion
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| JANUARY 23, 2007 |
- Ulstein to build big well intervention vessel
Ulstein Verft is to build a big well intervention vessel for USD 135 million (NOK 875 million) to be delivered ...
- Bergen biggest in shipping in Scandinavia
No other city in Scandinavia has more merchant vessels than Bergen, 525 ships aggregating 5.3 million grt. In fact, the ...
- Wärtsilä and Hyundai to form joint venture
Wärtsilä Corporation and Hyundai Heavy Industries Co. Ltd intend to establish an equally owned joint venture Wärtsilä Hyundai Engine Company ...
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| JANUARY 23, 2007 |
- New MD for Bomin Bunker
Management changes at Singapore branch of Bominflot Group.
- Reports: Wrist Group on cusp of sale
After 3 years on the market, O.W. Bunker parent company may be close to sale.
- Tanks intact on beached vessel
Oil leak from MSC Napoli has been limited so far but fears persist for further damage.
- Gloomy outlook for S Korean shippers
While some are upbeat, shipowners predicting weaker freight rates and high fuel costs will continue in 2007.
- Rotterdam market firm Tuesday morning
- Matson lowers bunker surcharge
Falling bunker prices lead to 1.25% downward adjustment of surcharge.
- Pirate attacks fall in Malacca Strait
Improved security in the Malacca Strait has resulted in less piracy attacks in 2006.
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