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| JULY 26, 2007 |
Shipping News
- Coal, iron ore cargo rates may rise further
The cost of shipping coal, iron ore and other dry-bulk goods may rise from a record on speculation Japanese utilities will buy more fuel for power plants after an earthquake prompted the closure of several nuclear reactors.
- Pacific Basin to buy stake in Nanjing port
Pacific Basin Shipping Ltd will buy a 45 per cent stake in a terminal in Nanjing, its first in China, because of the country's rising use of steel and other metals.
- DHL Express appoints Dennis Tan as senior VP
Global logistics group DHL Express yesterday announced that it had appointed Dennis Tan as senior vice-president and head of global express controlling, with effect from July 12.
- Russia starts North Pole seabed mission
- Grindrod gets nod to invest US$80m in Maputo Port
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| JULY 26, 2007 |
- OOCL names 4,578-TEU newbuild, second of 16 from Samsung yards
- Zhejiang to invest US$5 billion on water transport systems
- GGL Line opens Hong Kong office to boost intra-Asia trade
- Rising Port of Incheon seeks opportunities in south China
- Maersk Logistics Indonesia named best in Singapore competition
- Kuehne + Nagel posts 27.5pc profit increase in first half
- Australian mayor seeks to block containerised lead shipments
- UPS takes delivery of first of thirteen 747-400 freighters
- Qantas unveils logo, a variation on old 1944 kangaroo theme
- GSAs appointed worldwide before Cargo B takes off mid-September
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| JULY 26, 2007 |
- SC judgment to expedite receipt of shipping firms’ insurance claims
- Precious $ 360-m order for ABG Shipyard
- Logistics seminar speakers stress on optimum use of inland water transport system
- SCI to raise $ 300 m through ECBs
- Exporters cry foul as China enforces dual duty structure on guar gum products imports
- Bahrain keen on FTA with India
- Talks on FTA & tariff cuts resumed with Korea
- DPC seeks foreign loan to dredge Dhamra port waters
- 7 airports to be built under PPP model in state
- State govt fancies jaggery export zones
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| JULY 26, 2007 |
- Dosé quits Gulf Air
- Crossrail has a new director
- Panama Canal Authority awards contract
- Hungary: Twelve bidders for MAV Cargo
- Panalpina investigates business practices in certain countries
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| JULY 25, 2007 |
- Resist hostile lawmakers says P&I chief
- PNTL orders two more nuke carriers
- Iraqi fishermen fire at boxboat
- Precious orders 12 handysize ships
- Euronav's half year figures up
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| JULY 25, 2007 |
- Dubai Drydocks reports 90% acceptance of PUM offer
- Pride acquires newbuild drillship
- Eagle Bulk in $1.1 billion expansion
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| JULY 25, 2007 |
- Port of Vancouver/Wallenius ink Letter of Intent for development
- Port of Anacortes taps Johnson as finance/administration director
- NYK joins with shipbuilders to fund shipping technology courses
- Port of Tacoma celebrates 25-year partnership with Mitsubishi
- Eagle Bulk Shipping buying fleet of 26 Supramax vessels
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| JULY 25, 2007 |
- Eagle Bulk splashes out on supramaxes
COMPANY to buy 26 vessels in a $1.1bn deal, which will more than double its fleet size.
- Eagle eyes expansion of fleet as revenue rises
- Tanker giants given hefty upgrades
STRONGER than expected second quarter freight rates prompt Jefferies to lift share price targets and 2007 earnings estimates.
- Britain beefs up port security
PASSPORT and customs checks to be brought together under new uniformed border force.
- ‘Maverick’ is Brazil ports’ role model
RAINBOW Nelson speaks to the larger-than-life superintendent of the Port Authority of Paranagua and Antonina.
- Too many cooks
THE EU's meddling into the port planning arena has attracted the wrath of a substantial collection of port interests.
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| JULY 25, 2007 |
- Boluda to purchase Les Abeilles
Spain’s Boluda Group is poised to acquire French tug company Les Abeilles from the French Bourbon Group
- LR works on Bayonnemax vessels
LLOYD'S Register is working on new Panamax vessel designs that can trade into ports worldwide and meet the air draft requirements of NY&NJ's Bayonne Bridge
- Panalpina is target of bribery probe
THE Nigerian operations of Swiss freight forwarder Panalpina are being investigated in relation to bribery allegations
- DKB shipyard in joint venture
C&HEAVY Industries in South Korea has signed an MOU to team up with with DKB Shipbuilding in Indonesia
- Kinder Morgan buys into Mid-Ship
KINDER Morgan Bulk Terminals has purchased a minority interest in the logistics company Mid-Ship Marine
- Eagle Bulk acquires 26 Supramaxes
EAGLE Bulk Shipping has acquired 26 Supramaxes for $1.1Bn, just days after Genco confirmed a similarly-priced transaction
- UK's MCA likely to run Sunk VTS
- Pacific Basin takes handy port stake
- Master guilty of delayed reporting
- General strike shuts Israeli ports
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| JULY 25, 2007 |
- Strike threat as ILWU talks reach impasse
Employers say contract talks with office clerical workers in Port of Los Angeles-Long Beach have reached an impasse.
- ILA to put local under trustee
- Panalpina in U.S. fraud probe
- Northwest ups fuel charge
- Norfolk Southern sees Q2 intermodal revenues fall
- Miami tunnel moves ahead
- Japan trade gap widens
- India lines withdraw Rotterdam fee
- Le Havre boxes up 26%
- Congestion slows Chennai traffic
- Kinder Morgan buys stake in Mid-Ship Marine
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| JULY 25, 2007 |
- Capital Lease sold to DVB Bank/Textainer venture
- Brazilian senate vetoes proposed import/ export tax reduction law
- New Tangiers container terminal open
- JV established to develop a new Dalian container terminal
- Melons are the attraction.....
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| JULY 25, 2007 |
- ABG edges up
Indian yard which scooped 12-ship order from Precious Shipping sees first-quarter profit rise slightly.
- Taking flight
Eagle shares soar to record high on news of 'transforming' $1.1bn deal.
- OSG buys two LRs
Pair of 2006-built units from German KG Jacob will enter Panamax International pool.
- Eagle pounces on 26 ships
Eagle Bulk Shipping has compounded its size with a massive $1.1bn deal to acquire 26 supramax newbuildings.
- Hire gains boost OSG
Better year-over-year rates in four tanker classes carry New York owner to narrow earnings beat.
- Capital payout
Marinakis public vehicle hits first dividend target.
- Zim pens quartet at CSBC
Israeli owner also holds two options for 1,700-teu units in maiden voyage to Taiwanese yard.
- Dhamra date set
Indian joint-venture port between Tata Steel and L&T to be completed by early 2010 at $510m cost.
- IHI moves into Vietnam
New design unit aimed at tackling staff shortage problems.
- Pac Basin takes terminal stake
Hong Kong bulker owner takes 45% slice of new terminal in Nanjing to open next month.
- Japanese jump
Stocks in three major shipping lines surge on newspaper reports of huge profit increases.
- Stocks pull back
After weeks of bullish gains economic concerns send shares in US-listed drybulk owners downwards.
- Jan De Nul back in China
Belgian dredging contractor extends relationship with Tianjin Xinhe with order for eight vessels.
- Mitsui inks more nuclear ships
Pacific Nuclear Transport orders two vessels to ship nuclear material between Europe and Japan.
- SCI ready to move
Indian state-owned giant plans to firm up sextet of orders worth $400m soon after government go-ahead.
- Arlington edges up
Stena tanker outfit sees profits up 10% on gain from interest rate swap agreement.
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| JULY 25, 2007 |
- FEFC's westbound volumes continue to soar
- Carriers partner for Korea/China/India service
- Euronav's first half profit up 8%
- NWA Cargo raising domestic fuel surcharge
- CORRECTION: UPS operating income up 6.5%
- Court strikes down trucking hours rule
- U.S. House hammers cross-border truck plan
- Indian Railways to seek nearly $2 billion in outside financing
- Canadian Pacific's profit down 32% in 2nd quarter
- BNSF sees net profit drop, revenues increase
- Norfolk Southern profit up 5% in 2nd quarter
- C.H. Robinson sees 2nd-quarter profit jump
- Germany gives green light to Deutsche Bahn partial IPO
- South African truckers to protest poor highway-port connectivity
- Teamsters win labor agreement from USF Reddaway
- NIT League warns Congress again about container inspections
- Mexican president proposes massive national infrastructure plan
- Panalpina share price hit by bribery probe
- Thai exports up 18.6% through June
- FMC wants OTIs to obtain bonds faster
- Kinder Morgan buys stake in MID-SHIP
- ILA's Bowers confirms he will retire
- Hyundai planning dedicated car export terminal in Chennai
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| JULY 25, 2007 |
- 'Feasible' 0.25% sulphur limit for distillate fuel
Meeting discussing sulphur levels for California marine fuel regulations.
- Tight markets benefit SPC
Solid refining margins continue to boost financial results for Singapore firm.
- 'Raft of Russian fuel oil' headed for ARA
Rotterdam bunker still market tight, but replenishment expected soon.
- Marine fuel drought spreads
Extremely limited supply options going south via Suez Canal as Saudi Red Sea ports dry up.
- Fuel oil cargoes heading for Asia
Asian prices have started to tumble as traders warn the market could turn 'bearish' in September.
- Getting wise on tug propulsion
WorldWise Marine says there are savings to be on smarter propulsion for emergency towing vessels.
- Japan's bunker market shrugs off nuclear plant shutdown
Bonded market would remain tight in August even without any nuclear plant closures.
- Sri Lanka prices to compete with East Asia
Ceypetco Bunkering Services wants to cut differential with Singapore.
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