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| JULY 24, 2007 |
Shipping News
- Keppel unit clinches four orders worth $350m
The marine sector remains buoyant as orders continue to pour in.
- Japanese shipyard June orders up 3%
New ship construction orders at Japanese yards rose more than 3 per cent in June versus the previous month, but a lack of dockyard capacity continues to cap orders.
- Exxon, Shell hire tankers to ship Saudi oil to Asia
ExxonMobil Corp, the world's biggest oil company by market value, and Royal Dutch Shell Group's Asian oil trading unit are hiring one tanker each to ship fuel oil from Saudi Arabia to the Far East, a shipbroker said.
- Rates of Panamax vessels may slip
- Kuehne & Nagel posts 27% jump in Q2 profit
- NOL moves 12% more cargo in June
- Fire-damaged Saudi pier resumes ops
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| JULY 24, 2007 |
- Shenzhen up 13.69pc in first half, sees 20m TEU by 2008
- OOCL names 4,578-TEU ship, second of 16 from Samsung
- First half Fujian foreign trade rises 16.7 per cent
- Yingkou posts 38.8pc increase in TEU volume
- Port of Tacoma Commissioners approve massive infrastructure package
- APL Logistics wins US$8.9 billion in Pentagon business
- Infor to provide warehouse management solution for M+R Spedag
- Yiwu to hold logistics exhibition in November
- China Postal Airlines relocates hub to Nanjing Lukou Airport
- East African horticulturalists protest eco-lobby's war on airfreight
- Envirotainer contracts Continental for temperature-controlled cargo
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| JULY 24, 2007 |
- Grand Alliance upgrades Central China Express (CCX) service
- Maersk Line announces service enhancements
- ZIM to quit Port of Portland on Sept. 2
- NileDutch adds Qingdao to China-West Africa service
- Spate of newbuild deliveries
- Evergreen Line drops Taranto on CEM service
- OOCL Yokohama named at Geoje Shipyard, Korea
- Maersk’s average ship capacity up by 24 pc
- ICTSI finalises deal for Colombia port
- 1st Tianjin-USEC service launched
- Davies Turner channels investment into Bristol
- Agility acquisition connects NZ to global network
- Shipping cos ride the boom
- Varun Shipping plunging into oil exploration, drilling
- Amfico Agencies adds strength by aligning with D1 Oils PLC
- Irani advises against high quality iron ore export
- FDI from Bangladesh may be allowed
- Now, Kandla Port to lead from the front
- PRCL successfully test-runs 2-stack box train in electrified sections
- Early Q1 results show a slowdown
- Forex reserves held abroad may fetch $ 8 bn as interest
- Defence Ministry wants security clause included while accepting FDI in SEZs
- Chidambaram announces Rs 100-cr. corpus to help states push core PPP projects
- More private funds from abroad may pour in-Minister
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| JULY 23, 2007 |
- Change in management of Hamburg Port Authority
- Fesco enters Baltic Sea feeder trade
- DHL launches Airport-to-Door in Asia-Pacific region
- Huettemann Logistik establishes company in Bulgaria
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| JULY 23, 2007 |
- MEPC agrees air pollution study
- EC welcomes Polish yard cuts
- Skaugen and Lyse Gass in LNG venture
- MSC Napoli split in two
- Keppel clinches specialised ship contracts totalling US$230m
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| JULY 23, 2007 |
- Scorpion is low bidder on Petrobras jackup tender
- Transocean and GlobalSantaFe to merge
- DeepOcean to add newbuild construction vessel
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| JULY 23, 2007 |
- Matson to boost fuel charge for Hawaii/Guam services
- New 4578TEU vessel joining OOCL fleet
- Genco expanding fleet with purchase of nine ships
- Panama Canal Authority Oks expansion project contract
- Trainees begin education onboard SPIRIT OF MOL
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| JULY 23, 2007 |
- Nippon Foundation maps out Malacca funding
NIPPON Foundation to set up fund of up to $2.5m annually to pay for navigational aids in the Malacca Straits.
- Strait fund talks sought
- Offshore rig giant plans billion dollar merger
OFFSHORE drilling rig owners Transocean and GlobalSantaFe merge to form a $53bn capitalised company.
- Lisbon holds back EU safety proposals
THE Portuguese European Union presidency puts the brakes on the adoption of three new maritime safety laws.
- Why managing risk is not easy
WHY is it the case that a few seafarers frightened out of their wits, or even murdered, don't make many waves?
- Light fantastic
PEOPLE who built lighthouses never thought of simply sticking a light on top of a pole.
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| JULY 23, 2007 |
- RCI snuffs cruise cabin smoking
Royal Caribbean International (RCI) is dramatically expanding smoke-free zones aboard its fleet in response to customer demand
- Turkey votes for more of the same
MEASURES to remove restrictions on shipping and the drive for higher standards are expected to continue in Turkey after the AKP party was returned to power
- Star shares unloaded
GAMBLING magnate KT Lim has reduced his effective ownership in Star Cruises following severe losses by Star’s Norwegian Cruise Line (NCL) brand
- Pirates want $1.5M for Danica White
SOMALI pirates are reported to be demanding payment of $1.5M to release the Danish cargo ship Danica White and its five crew
- Fesco adds 15% to share capital
FAR Eastern Shipping Co is issuing 305M new shares today, with a target fund-raising of just over $200M
- Stolt-Nielsen to be split
STOLT-Nielsen, the chemical carrier and logistics group, has decided to split its Stolt Nielsen Transportation Group (SNTG) business unit into two separate units
- Skaugen in Nordic LNG venture
- Indian yards seek subsidy extension
- CPC shareholders hit with tax demand
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| JULY 23, 2007 |
- Rule change proposed for OTIs
New rule would sharply limit time that ocean transportation intermediary licensees will have to prove financial responsibility.
- Offers exchanged in S. California union talks
- Canadian National net weaker
- ILA Convention: Reporter's Notebook
- APL rate recovery continues
- GAO: DOT should do more for intermodal
- APM opens Tangier terminal
- Matson increases fuel charge
- Lines launch Korea-India service
- FedEx Freight cuts surcharge
- Fesco sells more shares
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| JULY 23, 2007 |
- OOCL opens own agency office in Pakistan
- Bayport’s clerical workers negotiations deferred until Tuesday
- Carriers withdraw capacity in transpacific
- Danaos reflects market requirement as it upgrades ships on order
- Hong Kong’s June cargo surges by 18.5% but it still loses ground to Shanghai
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| JULY 23, 2007 |
- ABG bags large Precious order
Thai owner signs for a dozen bulk/log carriers at Indian yard after proposed $1bn bond offering gets the nod.
- New highs for dry
Excel Maritime soars above $40 while TBS continues week-long rampage.
- Iran - China LNG shipping deal
Mohammad Souri in talks on joint venture shipping company to carry Pars gas.
- Irish eyes not smiling
Independent directors of Irish Continental Group lose patience with rival bidders and set high-noon deadline.
- Minoan expects strong half
Greek ferry owner estimates net loss cut to EUR 1.8m in first six months as vessel sale boosts bottom line.
- Rates, volumes up at NOL
Singaporean liner giant reports positive figures for June but year-to-date average feu rates still lag behind.
- Skaugen inks gas JV
Norwegian tanker owner to take 40% stake in LNG production and sale joint-venture with utilities firm.
- Keppel reels them in
Singapore shipbuilding group wins raft of offshore vessel newbuilding deals worth $230m.
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| JULY 23, 2007 |
- NOL names HHI, Daewoo as builders of 10,000-TEU ships
- SCI embarks on vessel acquisition spree
- APL's box revenue up again
- Matson bumps up fuel surcharge
- OOCL opens agency office in Pakistan
- OOCL names another Samsung 4,578-TEU vessel
- MOL training ship begins operations
- FedEx Freight slashes fuel surcharge 25%
- Chertoff: Progress made on advanced radiation detection systems
- Cotton prices driven high by Chinese demand
- U.S. arrests man for exporting jet parts
- CEVA names Riordan North American managing director
- Kuehne + Nagel's first half profit up 28%
- Bhalla: Expansion, small ports’ performance key to India cargo growth
- Bowers expected to retire at ILA convention
- APM Terminals, Akwa open Tangiers container terminal
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| JULY 23, 2007 |
- Russia wants oil products to move through Russian terminals
Transport minister says refined products should be considered a 'strategic material'.
- European markets falling back
Bunker hubs see prices come off last week's record highs.
- Fresh warning on crude oil prices
Centre for Global Energy Studies urges OPEC to increase production, saying supply and demand are out of balance.
- ARA market down Monday morning
- Singapore's bunker market begins to soften
Some regional hubs see prices fall, but players say the outlook remains 'firm'.
- S Korean bunker trading firm incorporates new name
- AZRB to buy stake in storage and port operator
Malaysian firm doing well in its bunkering operation and looks to further expansion.
- Matson raises bunker surcharge
Bunker fuel surcharge to increase by 1.5% due to higher bunker prices.
- Record bonded bunker sales for Chimbusco
Chinese state-owned supplier says it wants to bring prices closer to regional levels.
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