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| JUNE 26, 2007 |
Shipping News
- China Cosco set to soar on debut with 70% gain expected
SHARES in shipping firm China Cosco Holdings are expected to surge about 70 per cent when they debut in Shanghai today, buoyed by the firm's strong growth prospects and a hefty discount to its Hong Kong share price.
- China Cosco eyes US$3b Philippine shipping hub
CHINESE shipping and logistics company Cosco is planning an extensive shipping complex in the former US naval station of Sangley Point about 12 km southwest of Manila.
- Hanjin Heavy to build shipyard in the Philippines
HANJIN Heavy Industries and Construction Co Ltd, the first South Korean company to export ships, may spend as much as US$1.65 billion to build the world's fourth-largest shipyard in the Philippines, Philippine President Gloria Arroyo said.
- Persian Gulf tanker rates may fall for 6th day on ship glut
- APM to operate Shenzhen terminal
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| JUNE 26, 2007 |
- Dalian container throughput up 18pc in first five months
- Ningbo Port Group now offers 180 containers services
- BALtrans Logistics sets up Egypt office
- West coast Canadian premier fears box under capacity
- Port of Oakland named an energy star
- Maersk Logistics to integrate with Damco Sea & Air
- New TNT operations chief to head southeast Asian expansion
- Airgroup opens international gateway in Miami
- Jamaica's Kingston airport aims to be cargo transport hub
- Air Botswana privatisation continues to be mired in murk
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| JUNE 26, 2007 |
- CMA CGM commences North Africa Express (NAFEX) service
- Product tanker christened Nordby Maersk
- China-to-NZ cargo faces Nanzda rate hike in mid-July
- Safmarine upgrades customer service with 2 key appointments
- OOCL appoints new agent in Turkey
- China builds its biggest (8,530-TEU) boxship
- Hanjin Philippines wins order for four 12,800-TEU boxships
- NiceShipping launches web suite to connect customers to INTTRA
- Agility acquires Synergy in Singapore deal
- China to develop rail terminals with CMA CGM, Deutsche Bahn & Zim
- China overtakes Korea in shipbuilding orders
- CEVA Logistics renews Volkswagen Group UK contract
- Box volumes thru’ Le Havre soar again
- CEVA acquires EGL for $ 2 bn
- 3 trailer suction hopper dredgers on DCI’s shopping list
- Brokers report flurry of activity in Indian ship sales & purchase market
- Kochi LNG terminal to be ready by 2011
- APL becomes 1st to receive Lloyd’s honour for hull upkeep
- Divya Shipping spreads wings of influence
- Shipping industry seen on course for 30 IPOs by 2008-end
- Rising rupee puts leather exporters at a loss
- Effective rail-road link, not more ports, holds key to seamless cargo movement & lower costs, assert industry observers
- Kerala to adopt ‘Swiss challenge’ method to win Vizhinjam port project developers
- Govt doubles investment estimate for Delhi-Mumbai industrial corridor
- General Electric keen on JV with Rlys to make hi-tech diesel locos
- Inflation drops to 13-month low at 4.28 per cent
- FinMin, RBI looking into exporters’ woes
- ECGC to cut premium rates by 10 pc
- ECGC turns gaze on domestic market, awaits approval of new scheme
- Ficci outlines 5-pronged plan for growth of SME sector
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| JUNE 25, 2007 |
- Scandlines sold to a consortium
- Swiss launching new daily services
- Etihad places massive Airbus order
- Kuehne + Nagel managing Polish DC for Danone
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| JUNE 25, 2007 |
- GL picks Dalian for anniversary bash
- Busan hits transshipment record
- Star wins Asian best cruise award
- Seadrill signs US$195m contrac with Keppel
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| JUNE 25, 2007 |
- Crowley Maritime taps Taylor as bulk petroleum/chemical V.P.
- Truck driver turnover rate up during first quarter of '07
- Sea-Tac Airport lost and found now offers on-line service
- Legislation would expand tax break for investment in freight infrastructure
- WSF Mukilteo terminal project receives $5.1 million in funding
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| JUNE 25, 2007 |
- APM Terminals gets lion's share of Dachan Bay
AP Moller-Maersk's terminal arm to lead joint venture to develop, own and operate phase II of Shenzhen's Dachan Bay.
- APM Terminals in HPH link-up at Dachan Bay
- DP World issues Islamic bond in London
COMPANY prices $1.5bn Islamic bond on London Stock Exchange and $1.75bn conventional bond in Dubai.
- CMA CGM French officers threaten strike action
PROTESTS over shipping group's plans to change officers’ union representation.
- On the right wavelength?
THERE is something attractive and comforting about using water power to generate energy.
- Keeping the Lindø lights on
A NEW batch of orders awarded to AP Moller's Lindø yard is good news for European shipyards.
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| JUNE 25, 2007 |
- Navibulgar bulker aground off US
COAST Guard officials will try again later today to free a Navibulgar-owned Handysize that grounded on Saturday after leaving the bulk port in Brunswick
- OSG cashes out of Double Hull
OVERSEAS Shipholding Group has confirmed the sale of its remaining 10% stake in its public ship-owning spin-off Double Hull Tankers for a gain of $9M
- Korea moves to tackle officer shortage
VIETNAM and South Korea have signed an agreement that will provide for joint, reciprocal recognition of each other’s ship officer licences
- Hoegh seeks Gulf gas terminal
LNG tankers could soon be calling in the eastern Gulf of Mexico following the latest request to develop an offshore LNG terminal near Tampa
- India targets banned tankers
INDIA is looking to attract veteran tankers to Alang for demolition following a EC-imposed ban on its members sending ageing tonnage for scrapping in Bangladesh
- Bulker safe after cargo shifting
- Pasha prepared for salvage attempt
- Lloyd Werft plans mega dock
- Caribbean nations pledge security efforts
- Box ship orders surge at Daewoo
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| JUNE 25, 2007 |
- Gain for APL per-box revenue
Revenue per FEU averaged $2,618 in four weeks from May 5 to June 1, up 2 percent from $2,556 a year ago.
- CSX to start NYCT rail service
- U.S., Japan to discuss easing beef import curbs
- OOIL names new CFO
- CMA CGM adds ship to Europe-Brazil service
- APM Terminals to set up Shenzhen terminal
- NYK adds Norfolk logistics center
- C.H. Robinson opens Singapore office
- Eimskip doubles revenues
- Le Havre boxes up 25%
- Lufthansa Cargo leaves Cologne
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| JUNE 25, 2007 |
- CMA CGM bucks trend
- Chickens live longer as strike bites
- Angry reaction to increased container wharfage in Sydney
- DP World raises USD3.25 billion
- Santos terminal dispute
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| JUNE 25, 2007 |
- Broker v banker
Oslo shipbroker Erik Schmidt and Swiss finance specialist Hansruedi Winter lead TradeWinds stock picking contest.
- Transocean behind Daewoo driller
World’s largest offshore drilling contractor emerges as company who placed recent $500m order.
- Globus fixes to Cosco
Recent AIM debutant secures employment for one of its five handymaxes from Chinese giant.
- ‘Can’t stop Gearbulk’
Norwegian diplomats want bulkers to stop loading phosphate in Western Sahara but their jawbones are their only weapon.
- Norway indicts owner
Tor Johan Stuve could get 12 years on charges stemming from the 2003 bankruptcy of cement-carrier owner Tordenskjold.
- Euroseas sags on offering news
The share of bulker and boxship owner Euroseas has fallen steeply after news of an issue of fresh shares.
- Trio collared in Canada
Port state checks brought in Cosco bulker plus two other miscreants during May.
- One missing off UK
Coastguard searching for Italian crew member feared overboard German-managed vessel.
- Barbaro back in Russia
Okskaya yard could build up to nine small tankers for Italian owner after clinching deal for initial three plus one.
- Navibulgar ship grounds in US
Efforts on to re-float bulker stranded off Georgia with no apparent damage or injuries.
- Bulker sails after Suez grounding
No damage to Eurasia-managed handymax which briefly touched bottom in canal on Sunday.
- Maersk signs on at Shenzhen
Danish group's APM Terminals takes majority share of CNY 7.3bn port development in China.
- Paper gain for DFDS
Danish ro-ro owner signs on for another three years with Norwegian paper mill group Norske Skog.
- Charity begins at home for BC
Canadian government will not make ferry owner pay CAD 13m import duty on Queen of North replacement.
- Danica White supplies run low
Food and fresh water supplies onboard Danish ship held in Somalia being used by hijackers.
- Place your bids...
Navibulgar’s sell-off is open for business from Monday and interested parties have until 20 August to register.
- Kiwi capesize crisis
NYK bulker listing by up to 20 degrees after rough seas cause cargo of iron sand to shift.
- Two dead as ship capsizes off India
Twelve injured and two others believed missing as Eritrean vessel drifts and sinks off New Mangalore.
- Shanghai in bunker salvage
Authorities act to salvage sunken bunker tanker in an effort to prevent pollution of the Huangpu River.
- Wilson declares
Norwegian owner takes up purchase options on three units and bags another from Germany.
- BHP lifts force majeure
Mining giant set to restart demurrage payments after operations return to normal at Newcastle.
- Seadrill back at Keppel
John Fredriksen’s drilling outfit returns to Singapore shipyard group for another tender rig.
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| JUNE 25, 2007 |
- Report: Bulgaria plans fleet privatization
- New finance chief at OOCL parent
- Two APL ships become first with Lloyd's Register hull certification
- K-Sea orders four barges
- Miami International May air cargo tonnage up 7.8%
- SkyLink taps executives for top jobs at U.S. operations
- USDA revises regulations for checking Florida citrus shipments
- Sikaulu joins Arpin International
- APM Terminals investing in Shenzen Terminal
- N.Y.-N.J. Port Authority providing funds for rail improvements
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| JUNE 25, 2007 |
- E-mail from Danica White
The Danish newspaper B.T. has recived an e-mail send from the hi-jacked coaster Danica White anchored off the port of ...
- Stena Vision sails again
Concordia Maritime’s V-MAX tanker Stena Vision is back in traffic after repairs to the reduction gear. The vessel has been ...
- Dock sank and fishing vessel capsized in Aarhus
arhus Værft A/S had a rare accident Friday last week. One of the floating docks sank and the preliminary ...
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| JUNE 25, 2007 |
- Biodiesel firm to buy Louisiana marine supplier
Biodiesel to be made more widely available to marine vessels in Louisiana and the Gulf Coast.
- Kittiwake warns of growing quality risk
Blending to produce more SECA compliant fuels increases risk of compatibility and stability problems.
- Demand spike disrupts operations
Regional shortages push bunker buyers to Gibraltar.
- D&K announces bunkering departure
Odysseus Goumas is leaving EBFL as Group Bunkering and Business Development Manager.
- Suppliers remain critical of bunker alerts
Suppliers on three continents say bunker alerts have unnecessarily given their market a bad reputation.
- Rotterdam: Some suppliers booked until end-June
- Protests continue against India's new shipping channel
Sri Lanka bunker players say negative impact on Colombo bunker market will be minimal.
- Titan completes strategic investor deal
Investment by private equity firm to fund Titan's expansion in oil logistics.
- Kemaman bunkering operation generating funds for AZRB
Bunkering operation in the Malaysian port generate revenue of $15 million.
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