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| APRIL 26, 2007 |
Shipping News
- Nigeria and Somalia new piracy hot spots
ALTHOUGH attacks on ships by pirates were generally down during the first three months of this year, the International Maritime Bureau has warned that there is an increasing threat in waters off Nigeria and Somalia.
- EU Parliament okays tough maritime rules
THE European Parliament approved stricter maritime controls that may ban 200 ships from using Europe's ports to limit the risk of accidents such as the sinking of an oil tanker off the Spanish coast five years ago.
- Sea freight costs for dry raw materials near record
GLOBAL freight costs for dry commodities surged on Tuesday with rates close to breaking records, as ships waiting to load minerals to power China's roaring economy snaked back from Australian ports.
- China yard to double sales by 2010
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| APRIL 26, 2007 |
- `K' Line unveils Asia-ECSA container service
- China Merchants Holdings sees profits rise 7.4pc in 2006
- Union Pacific Q1 net profit surges 24pc
- JNPT moves up in global ranking in box handling
- PSA, NYK, 'K' Line to operate Singapore terminal
- GAC appoints new group corporate communications director
- Delta reduces loss in Q1 on rising revenue
- Lufthansa Cargo receives IOSA flight safety certificate
- John Menzies buys out Universal Air Cargo
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| APRIL 26, 2007 |
- Adani group roping in Japanese firm for shipbuilding yard at Mundra
- Competition panel writes to MoS on shipping freight rates
- DGS’ seminar on ‘IMO draft convention on ship recycling’ today
- Assocham plea to open Wagah border for cement imports
- German trade fair firm, Dusseldorf to open subsidiary in India
- 150 shrimp exporters respond to US query on anti-dumping
- Imports of used shuttleless looms urged
- EEPC sets $ 36 bn export target for 2007-08
- CONCOR to introduce volume discount scheme for import boxes from gateway ports to its hinterland ICDs
- CONCOR’s ICD-sabarmati puts up superlative show in 2006-07
- AI Cargo gets Airbus A-310 freighter; to start services in June
- US-India forum for aviation cooperation formed
- Rlys to study feasibility of triple-stack box trains
- Maharashtra govt freezes land acquisition for MahaMumbai SEZ
- No subsidy for private pulses importers
- Commerce Ministry claims PMO’s clearance to service tax waiver
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| APRIL 25, 2007 |
- Gefco: Fargues named chairman of the board
- Rotterdam: cranes for more capacity
- Air Malta flies to Geneva three times a week
- UK: K+N into Hams Hall
- Kuehne + Nagel Group continues strong performance
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| APRIL 25, 2007 |
- Fewer pirate attacks but "no room for complacency"
- Record year for ABS
- AP Moller and unions in talks
- Döhle launches new yacht services
- Samskip in agency deal with GAC
- Good year for DNV
- "K" Line’s new service
- Eitzen Chemical orders 2+2
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| APRIL 25, 2007 |
- Kirby Corporation reports record earnings
- Stena picks MAN Diesel to power super ferries
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| APRIL 25, 2007 |
- Study finds US places second in global maritime box traffic
- Port Bremerton joins Kitsap Transit in waterfront improvement project
- Historic steam locomotive making Pacific Northwest swing
- Port of Vancouver, USA works with city on dumping cure
- Aeromexico adding flights from Seattle to Mexico City
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| APRIL 25, 2007 |
- Cyprus vows to stop Turkey
CYPRUS protests to the European Commission against Turkey's bid to become a member of the Paris MoU.
- Turkey accused of reneging on Cyprus ports’ initiative
- OSG in share buyback
US tanker specialist has agreed to buyback Archer Daniels Midlands' 13.3% stake in the company.
- HHI strikes deal with Nigeria to ship LNG
SHIPBUILDER sets up joint venture with Nigerian National Petroleum Company to transport LNG.
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| APRIL 25, 2007 |
- Somerville blasts EU ignorance
NEW YORK 25 April – American Bureau of Shipping chairman Bob Somerville warned yesterday that it is only a matter of time before one of the class societies is brought to its knees by unlimited liability for simple negligence
- OceanFreight debuts on NASDAQ
OCEANFREIGHT has priced its 10.75M-share offering at $19/share, the bottom of the target range, and begins trading today on NASDAQ under the symbol ‘OCNF’
- Stolt up despite legal costs
STOLT-Nielsen reported higher profits from continuing operations for 2006, although legal costs tied to antitrust prosecution continue to take their toll
- Productivity boost for Hamburg-Süd
GERMAN north-south carrier Hamburg-Süd registered strong volume growth of 21% last year with the number of containers carried climbing from 1.52M to 1.84Mteu
- Dry bulk record torn apart
DRY cargo freight rates are topping record levels day by day, especially in the Capesize sector, where the previous record has been left far behind
- No winners after Smit deal agreed
BOTH sides have admitted defeat in the settlement hammered out between managers at Rotterdam towage and salvage specialist Smit and its unions
- Fesco makeover and mystery
- LNG heads for supply crisis
- VLCCs drag down OSG
- Petrobras charters for LNG storage
- Class faces personnel crunch
- STX to set up builder in Azerbaijan
- Shell to build LNG facility in Marseilles
- India, Iran to discuss LNG deal
- APL charters 7,000teu vessels
- Daewoo Mangalia faces strike action
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| APRIL 25, 2007 |
- Inland costs, carrier consolidation drag Norfolk Southern net in first quarter
Rail carrier said a 7% increase in East Coast port intermodal volume was nearly offset by a 6% decline in boxes from West Coast gateways.
- DP World warns of box ‘tsunami’ for UK terminals
- Cosco revenue gains
- Canada joins U.S. in Chinese anti-piracy efforts
- Alabama ports switch to biodiesel
- California container traffic weaker in March
- Shipper alleges NVO seized containers for payment
- Thompson calls for stronger public-private partnership
- APL charters five new ships
- China ousts U.S. as top Japan trade partner
- Despite tug strike, Rotterdam container volume increases
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| APRIL 25, 2007 |
- Crowley weighs in
Tom Crowley's Crowley Maritime is trying to stop Seacor, Keystone and US Shipping Partners from converting US-flag tankers in China.
- Solid in swan song
OMI's last full quarter as a public tanker company is down from a year ago, but squarely in line with analysts' expectations.
- OceanFreight prices low
Economou-related bulker owner OceanFreight Inc has sold an 84% chunk of its seven-ship fleet in its IPO.
- Costs hurt FreeSeas
Painful first full public year hurts Greek dry-bulk owner as administration costs and non-cash items pinch.
- Transatlantic turns it on
Swedish ro-ro player thrived on strong icebreaking market in first quarter as transatlantic paper trade declined.
- Legal fees stymie Stolt
Continuing fight against price-fixing raises legal costs which contribute to lower full-year result.
- Viking Supply brings in profit
Norwegian offshore vessel operator rides oil exploration boom to build 2006 earnings.
- Master faces Senopati rap
Captain of Indonesian ferry that sank in December killing more than 300 people could face negligence charge.
- APL charters five
Boxship arm of Singapore’s NOL takes Schulte post-panamax newbuilds for five years.
- Interest swap hits Arlington
Stable revenues for US-listed VLCC owner, but first quarter profit slashed after non-operating costs rise.
- Trio in the clear
Europe approves ship engine joint venture in China featuring Wartsila, CSIC and Mitsubishi.
- Siem Offshore on the rise
Kristian Siem's supply ship company builds first quarter earnings in good markets.
- Golar takes the money
Big profit from halving stake in Korea Line Corp should see Oslo-listed owner's shareholders pocketing bigger dividends.
- Keppel inks FPSO double
Contracts to convert two crude tankers for SBM and Ezra part of order haul worth over $105m.
- BHP takes another Diana cape
Simeon Palios bulker outfit finds work for $110m cape and says current prices are "justified".
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| APRIL 25, 2007 |
- Maersk exec: "Don't expect to see any more top 20 consolidation"
- Hamburg Sud's liner revenue up 8% in 2006
- COSCO orders 66 ships
- APL arranges charter deal for five large new boxships from 2009
- OSG completes purchase of tankers
- Eagle Bulk takes delivery of bulker
- Report: Strong euro, weak dollar helped container trade
- OOCL increases U.K., Ireland capacity
- Kerry Logistics picks GT Nexus as carrier information platform
- "K" Line takes slots on CSAV Asia/South America service
- Samskip makes two agency appointments in South America
- NWA Cargo raising fuel surcharge rates
- CAI International plans IPO
- India eyeing triple-stack trains for cars
- IAS names South America representative
- Interpool to be acquired
- Japan close to ending U.S. beef processing plant inspections
- DHL to invest $6.5 million in Vietnam facilities
- Brokers, ocean carriers collaborate on overweight container issue
- Chamber happy Indian mangoes headed this way
- Agility names Al-Saleh CEO of logistics unit
- Cass, ControlPay sign partnership agreement
- DOT statistics underscore container-shipping patterns
- Russian port makes order for Kalmar equipment
- International Chamber of Shipping: Panama concerns remain
- PSA, NYK, "K" Line to jointly develop Singapore's first car terminal
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| APRIL 25, 2007 |
- Hurtigruten CEO resigns
The Hurtigruten Group managing director Henrik Andenæs will resign as soon as a replacement can be found. Andenæs was the ...
- NCL to hire foreigners on US-flagged vessels
The US coast Guard has amended its rules to allow foreign crew members on NCL’s US-flagged cruise vessels. According ...
- Cosco orders 66 new vessels
China Ocean Shipping Company (COSCO) has according to a press release ordered 66 new vessels with a total of over ...
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| APRIL 25, 2007 |
- Chemoil to expand clean product trading
Company in talks with Singapore authorities to enlarge its storage facility on Jurong Island by 40%.
- Support for emissions trading is growing
But there won't be a scheme in place in time for the SECA that comes into force in August.
- EMTA to raise BAFs by nearly 20%
Bunker charges on the rise for the third straight month.
- New interest in buying Fujairah refinery
Oil trading and marketing company in talks with refinery owners, says report.
- Rotterdam market stable Wednesday morning
- Taiwan's state oil company predicts softer crude prices
Oil prices to be under $60 per barrel on average this year, says chairman of Chinese Petroleum Corp.
- Singapore Petroleum Company sees profits jump
Q1 profits surge on improved refining margins.
- Sharp rise in DNVPS tests of 500 cst fuel samples
Higher viscosity fuel presenting few major quality issues, says global fuel testing company.
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