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| MAY 25, 2007 |
Admiralty Casebook
- Charterer wins appeal against order to pay deadfreight
A VOYAGE charterer won an appeal in an English court last week against a ruling to pay 'deadfreight' for cargo it did not load into a tanker because the vessel could not have departed the loading port safely if all the cargo had been loaded.
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| MAY 25, 2007 |
- MOL to revise India/Pakistan/UAE to Africa services
- Fifth 11,000-TEU mega-ship to join Maersk Line's fleet
- GAC links up with SkillSoft and Catalyst to form online global academy
- Northport aims to be at forefront of Malaysia's halal distribution
- Kenya Ports contracts off-dock CFSs to decongest Mombasa port
- West coast North American ports plan to restrict port pollution
- Dubai International Airport cited for cargo efficiency
- EADS, Jupiter Aviation in talks to convert jets to freighters
- Rising market demand drives growth for air freighters
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| MAY 25, 2007 |
- m.v. KMTC Keelung makes maiden call at JNP as part of KMTC’s KMS service
- Colombo Dockyard holds the edge
- ABG signs MoU for acquisition of Vipul Shipyard
- PSTS Logistics to test coastal shipping waters
- Baltic Exchange keen to enter forward freight contracts biz in India
- Navigational feat by Nord Scan Line in rough seas
- Tatas scouting sites for car plant near Mundra port
- L&T now considering building integrated port-cum-shipyard
- NBHC, Bank of India sign MoU on warehouse receipt funding
- Fieo felicitates Filipino trade team
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| MAY 24, 2007 |
- Hanjin Philippines wins orders for 12,800 TEU box ships
- Marad Advisory on Somali piracy
- Suez LNG moves ahead on U.S. crew deal
- India's ABG set to buy Vipul Shipyard
- LNG carrier sold for scrap
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| MAY 24, 2007 |
- China in line to take shipowning title
CONSULTANT predicts Chinese shipping companies could unseat Greek owners within 10 years.
- Order boom lifts Greek owners’ bank borrowing beyond $46bn
- Greece urged to speed up port privatisation
HELLENIC Chamber of Shipping calls for urgent privatisation of container operations at country's top ports.
- Erika master to seek damages from RINA
CAPTAIN Karun Mathur springs surprise by announcing he intends to sue class society.
- Breaking fresh ground in ‘New Arctic Ocean’
AS Artic ice melts it is revealing a host of opportunities for many sectors of the shipping industry.
- Where coal is still king
SUBSTANTIAL investment is being channelled towards developing China's expanding coastal coal trade.
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| MAY 24, 2007 |
- Carnival confirms jv delays
MIAMI 24 May – Carnival Corp has conceded that its proposed joint ventures with Germany’s TUI and Spain’s Iberojet will not close in 1H07 as previously planned
- Greens call for Lakes 'salty' ban
Environmental groups have called for a stop-gap ban on ocean-going ships entering the Great Lakes until legislation addresses the invasive species issue
- Slower growth for Schiffsbank
HIGHER unscheduled repayments from cash-laden ship owners and the weaker US dollar checked Deutsche Schiffsbank’s growth last year
- Tanker orderbook hits new high
he global tanker newbuildings orderbook has reached its highest-ever level, according to one shipping analyst, although the risk of oversupply has also risen
- Seoul stops food for North Korea
SOUTH Korea has postponed the shipment of 400,000 tonnes of rice to the communist North, making it conditional upon Pyongyang’s dismantling of a nuclear reactor
- SCI plans shipyard, dredger ventures
SHIPPING Corp of India is looking to move into shipbuilding, and plans to join a consortium with a public sector builder and overseas yard in a west coast project
- CCNI launches new GEX service
- Senior Santos directors to be axed
- Norway, Russia near border agreement
- MUA signs LNG 'solidarity' agreement
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| MAY 24, 2007 |
- Vancouver port containers moving despite Canadian Pacific rail strike
Intermodal traffic at the Port of Vancouver is moving freely despite a strike by unionized track maintenance workers.
- Truck e-filing mandated in two more states
- CEVA wins EGL bidding
- CCNI upgrades U.S.-LatAm
- U.S.-China pact to boost airfreight competition
- Bray leaving Virginia ports July 1
- New coal carrier for "K" Line
- APL plans India box trains
- Loss for Air France-KLM cargo
- TCI profit soars
- Pierce: End in sight for discussion agreements
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| MAY 24, 2007 |
- CMA CGM outlines strategy for CNC
- Grand Alliance increases capacity on Asia / US East Coast service
- CEVA Group buys EGL
- Flexible box ships for Hapag-Lloyd
- CIG Yangtze Ports invests in Wuhan
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| MAY 24, 2007 |
- Norway nods
OMI acquisition by Teekay and Torm finds no trouble with Norwegian regulators.
- Another two for Palmali
Istanbul-based owner back at MNP's Krasnoye Sormovo for second and third tankers in series.
- Belgian bulker play
Bocimar confirms selling one vessel for about the same price it is paying for a second.
- TUI converts
Tourism-to-shipping group wins bond terms at the high end of expectations.
- TBS cools
The niche-market owner has been red hot, but it shares fell more than 6% today in New York.
- L&T wants a port
Indian group aiming to combine terminal with planned $454m domestic shipyard.
- Charman loses appeal
Millionaire underwriter loses legal battle over $95m divorce settlement.
- Fincantieri short of cash?
Unions claim Italian yard group facing shortfall of at least EUR 400m in working capital ahead of IPO.
- Navios scores a perfect $10
Equity offering prices close to historic high as bulk owner prepares to pick up $130m.
- Unions in LNG pact
American and Australian unions sign deal aimed at reviving Malibu LNG plan terminated by governor Arnie.
- Nielsen jumps ship
Long-term Aker group insider departs to join newly separate Aker Yards.
- BW Gas breaks LNG mould
Norwegian owner sends 34-year-old unit to Indian breakers in first LNG scrap deal in years.
- PSTS pursues coastal shipping
Indian logistics player looking for partner to launch own fleet.
- TUI wheels out convertible
German group banks on bond issue to provide cheaper finance as losses mount.
- Aegean adds bunker tanker
Greek owner buying double-hulled unit from Sirius of Sweden.
- Seoul bound
STX Pan Ocean has said it now intends to seek a dual listing on the Korea Stock Exchange.
- Norden toasts record
Danish tanker and bulker owner nets highest quarterly profit as dry-cargo rates soar.
- ABG snaps up neighbour
India's biggest private shipbuilder expanding with acquisition of Vipul Shipyard.
- Colombo in pole
Sri Lankan shipyard has lowest bid in SCI’s five-ship AHTS tender.
- Hanjin builds biggest boxships
German owner NSC spending $1.27bn on eight massive 12,800-teu vessels in the Philippines.
- Golar grabs record profit
But Oslo-listed owner’s weaker operating performance masked by sale of newbuilding.
- Coal quotas get green light
Demurrage bills set to fall by AUD1m a day after authorities approve Capacity Balancing System at Newcastle.
- Mighty Servant 3 refloated
Smit Salvage brings sunken Dockwise heavylift ship to the surface off Angolan coast.
- Ezra spends again
Singapore firm takes recent investments to over $100m with order for second pipe-laying barge.
- Sugar coated
Profits fall 85% at Ow Chio Kiat’s Singapore Shipping, but investors are set for a bumper payout.
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| MAY 24, 2007 |
- Seaspan receives last of 4,250-TEU box ships for Hapag-Lloyd
- "K" Line launches another post-Panamax Corona coal carrier
- OceanSchedules.com: Se habla Espanol
- U.S., China sign major pacts on aviation services, IPR enforcement
- Avion Aircraft firms A330-200F orders, adds two to list
- Great Lakes conservationists want moratorium on oceangoing ships
- CEVA group wins bidding war for EGL
- U.S.-Indonesia trade talks focus on textiles, logging issues
- TUI launching convertible bond
- Descartes profits down
- China-Vietnam looking at low tariff trans-border zone
- Italian retailer outsources food warehousing to Kuehne + Nagel
- Savi scores Swedish military deal
- CBP discovers worrisome beetle in Miami
- New Jersey firm working with German retailer on RFID tags
- Experts: L.A. organized crime aids terrorists, city is top target
- India shipping ministry tells planning commission to butt out
- U.K. report suggests trust ports lag private sector
- New York seeks more TWIC enrollment centers
- Former NYK executive named Long Beach marketing manager
- Port Canaveral names Curry director of operations
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| MAY 24, 2007 |
- Two crewmembers died in cargo hold
Yet another tragic and fatal accident has occurred where sailors has entered an unventilated cargo hold. The general cargo ship ...
- EU proposal on compulsory owner financed ship disposal fund
The EU Commission proposes in a green paper on safe and environmentally sound ship disposal that a ship disposal fund ...
- Above normal Atlantic hurricane season predicted
Experts at the US National Oceanic and Atmospheric Administration (NOAA) are projecting that the Atlantic hurricane season will be above ...
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| MAY 24, 2007 |
- Barge fuel spill in Great Lakes
Coast guard responding to marine diesel oil spill following internal fuel transfer.
- Russia faces fuel oil glut
Refiners hope to export more product via St. Petersburg.
- Bunker hedges save operator $5 million
Norden reports highest ever quarterly interim profit.
- Fruit importer hit by bunker price rises
Fyffes forced to cut its 2007 earnings target.
- Statoil manager to leave
International bunkering manager prepares for June departure.
- Fuel oil traders 'watching developments'
Morgan Stanley 'close' to signing lease on floating storage unit in Asian fuel oil market.
- Rotterdam market firms Thursday morning
- Singapore: Residual fuel stocks fall
Lower stocks attributed to smaller volume of arbitrage cargo arrivals.
- Lanka IOC to supply bunkers this year
Bunkering operations to start at Trincomalee before expanding to Colombo and Hambantota.
- Aegean buys another double-hull vessel
Aegean adding a 7,000 dwt bunker tanker to its fleet; Q1 bunker volumes up 41%.
- Tightness persists in HK
- Report urges OPEC to increase output
Oil output must be raised to avoid crude prices surging to record levels, says energy research group.
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