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| NOVEMBER 26, 2007 |
Shipping News
- DP World awards contract for container terminal in India
Dubai Ports (DP) World, the world's third-largest port operator, has awarded a contract for building a container terminal worth US$150 million in India, local newspaper Gulf News reported on Saturday.
- Sinotrans falls 13% on Hong Kong trading debut
Sinotrans Shipping Ltd tumbled 13 per cent on its Hong Kong trading debut last Friday as a drop in iron ore and coal freight rates caused investors to sell bulk-shipping stocks.
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| NOVEMBER 26, 2007 |
- Rate slump pulls down Sinotrans' Hong Kong IPO 13pc
- Port of Yantai container throughput up 8pc in first nine months
- CIMC sets up Chongqing plant with 100,000 TEU annual output
- Demand for storage facilities continues to grow in Shanghai
- U-Freight's Shanghai logistics centre takes TAPA's top badge
- TNT embroiled in missing UK tax computer disk fiasco
- Ships must now comply with North Sea sulphur emission controls
- East-west trade lifts Marseilles volume 3.7pc to 826,000 TEU
- Sinotrans Air sells stake in freight forwarding joint venture in DHL
- China Eastern launches three domestic services
- DP rejects claims of overpaying ABX as 'speculative'
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| NOVEMBER 26, 2007 |
- Exim Bank extends line of credit to PTA Bank
- Oman lifts poultry ban against India
- MMTC may import wheat at $ 405-410 a tonne
- DP World Cochin awards civil works contract for first phase of Vallarpadam ICTT
- Table Tennis Championship from today at KPT's SVP Auditorium
- MbPT help sought to develop Mumbai city
- India Infrastructure to get 4th rake this week
- Schenker India handles biggest charter shipment into India
- Railways' freight earnings up by 18 pc in October
- 6-laning of National Highways may give way to expressways
- India stands for non-discriminatory trading system-Pranab
- Assocham proposes AEZ similar to SEZ
- Model guidelines on PPP projects
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| NOVEMBER 23, 2007 |
- Truxius named new Dachser CFO
- More cargo in Luka Koper
- AF-KLM cargo environment remains difficult, group profits up
- Bridgepoint acquires Poland's CTL Logistics
- Culina Logistics and Baylis Logistics to merge
- EU to co-finance Fehmarnbelt bridge
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| NOVEMBER 23, 2007 |
- Cruiseship sinking off Antarctica
- Ferry officer denies sinking yacht
- Imarex tanker tool goes historical
- AP Moller back in Intertanko
- DP World hands out first Vallarpadam contract
- Canada plans to streamline Marine Act
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| NOVEMBER 23, 2007 |
- Cruise ship reported sunk
- Cruise ship evacuated after striking ice
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| NOVEMBER 23, 2007 |
- Vancouver, USA port board meeting will discuss 'Pay As We Grow Plan'
- US rail freight delivers good numbers for week
- Vessel Captain, crew earn honors for rescue of balloonists at sea
- WPPA taps two members as 2007 Ports of the Year
- Nominations being accepted for American Merchant Marine award
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| NOVEMBER 23, 2007 |
- Sinotrans shares tumble on trading debut
SHARE price slips 13% on debut as fears of weak stock market outlook and falling dry bulk rates unsettle investors.
- Wärtsilä propels Chinese operations
FINNISH engine maker invests $30.9m in wholly owned thruster production plant in Jiangsu Province's Wuxi.
- Concerns over Antartica charting
THIS is not the first casualty in the South Shetlands region with outdated charts believed to have been responsible for past accidents.
- Hot insurance market takes the chill off Russian winter
DESPITE some problems the marine and energy market is making huge advances.
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| NOVEMBER 23, 2007 |
- Explorer crew and passengers all safe
All 100 passengers and 54 crew of the cruise ship Explorer are safe, says the ship's operator and technical manager Gap Shipping
- Scandlines hives off domestic business
BALTIC Sea ferry operator Scandlines has today signed a sale agreement for its domestic Danish ferry business with Copenhagen-based Clipper Group
- Cochin LNG terminal in the balance
KERALA MPs have sought the "immediate intervention" of petroleum and natural gas minister Murali Deora to clear the deadlock over Petronet's Cochin LNG terminal
- Steel imports on the rise in India
THE current financial year will see India become a net importer of steel for the first time
- Color Line sells third ferry
COLOR Line has sold its third ferry in a month. Its latest disposal is the 35,000gt Color Festival, which has been sold to Medinvest for NK400M ($75.5M)
- No oil moderation, say Russians
THE Russian Transport Ministry has denied a Reuters report that marine oil movement will be restricted following the Kerch Strait disaster
- Ferry 'did not hit yachtsmen'
- ITM wins six-ship management deal
- Log-in logs two more
- China Class denies involvement in spying
- CVRD warns of iron shipment delay
- Sinotrans IPO is whimper, not bang
- Liberia starts Explorer probe
- Princess Cruises expands into WA
- Super typhoon to hit Philippines
- Cruise ship sinking in Antarctica
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| NOVEMBER 23, 2007 |
- IMO feeling the heat?
As it conducts its 25th Assembly in London, the International Maritime Organisation (IMO) is under attack from environmentalists and shipping groups with diverse views on the timescale and necessity for stringent maritime regulations.
- Med ports ripe for Europe's interior
- Sao Sebastiao the 'new box overflow port for Santos'
- Qingdao Port'the container terminal with the longest quay in the world?
- GSF sets up website
- Marseilles-Fos containers up 4%
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| NOVEMBER 23, 2007 |
- Tanker stocks rise
US-listed tanker stocks take a decidedly upward turn, with Teekay in the lead.
- Quotes of the week
Flemming Sorensen dreams of extra limbs, while Jens Alers highlights the thankless task of managing ships.
- Balearia to manage Comanav
Spanish company to manage ferries of CMA-CGM-controlled Moroccan operator.
- Explorer lost
Elderly cruise vessel sinks after all passenger and crew saved in text book evacuation.
- Log-In takes two
Brazilian container logistics company expands coastal trading business with two boxships for $105m.
- ITF-Viking case date set
European Court of Justice to pass judgment next month in landmark flagging-out case.
- Jinhui orders VLOCs
Move into bigger bulkers will cost Hong Kong owner $245m from CSIC yards in China.
- Scandlines sells Mols
Clipper cargoship group pays $101m for Danish ferry ticket.
- All GO for Lentoudis
Shy shipowner appears at GO Carriers following $111m exit of Solstice International and Tildough Holding.
- Passengers rescued from cruiseship
Tourists and crew take to lifeboats after Explorer hits object in Antarctic Ocean.
- Big Easy still home
Tidewater informs employees that it will stay in New Orleans, for now, instead of moving to Houston.
- NorthLink takes a hit
Scottish owner's ferry damaged after trailer overturns in heavy seas off Shetlands.
- Arpeni takes coal to Tanjung
Indonesian bulker owner wins 15-year import deal for new domestic power plant.
- V Ships bags Majestic deal
Shipmanager to take over technical side of loss-making US cruise operation.
- CSCL gets green light
Shipowner free to bank $2.4bn after Chinese authority backs its return to the Shanghai A-list.
- Imarex struggles in third
Norwegian derivatives broker suffers from weak tanker markets in latest quarter.
- Hubble takes the stand
P&O ferry officer denies leaving three yachtsmen to die, while defence claims a Clipper tanker could be responsible.
- Dry stocks rocked
Sinotrans has turbulent debt as Asian stocks respond to seven day decline in Baltic Dry Index.
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| NOVEMBER 23, 2007 |
- Fantaasia is detained
The Swedish Maritime Administration detains Tallinks ferry Fantaasia, which is chartered by Kystlink. At an increased port state control on Wednesday, where Swedish Maritime Administration took part together with Bureau Veritas and EMSA (European Maritime Safety Agency) among others, it ...
- Scandlines sells Danish operation to Clipper
Scandlines Danmark A/S, a subsidiary in Scandlines AG, has sold their domestic ferries in Denmark to Danish Clipper Group for take over in January 2008. Clipper Group will take over a 30 per cent share in Mols-Linien and ...
- Maritime Minister continues in new Danish government
Denmark got a new government today after the general election on November 13. But in the maritime sector is business as usual as the minister for Business Affairs, Bendt Bendtsen, will remain on his position in the new government. This ...
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| NOVEMBER 23, 2007 |
- Pollution fears in Antarctic cruise ship sinking
Regional authorities investigating as vessel standing by with oil-spill equipment.
- Ferries exempt from CO2 reduction target
Operator looking to reduce fuel use and emissions but not to government levels.
- Rotterdam fuel oil ends week on low
Prices down by over $20 since Wednesday.
- Falmouth reaps SECA benefit
Record number of bunker calls at port on the SECA border in October.
- Pakistan: Bunker partnership breaks down
Orion Bunkers denies association with new trading company.
- 'Universal' cylinder oil developed
Total Lubmarine says its lubricant is suitable for use with all engines running on fuel oils, regardless of sulphur content.
- Rotterdam market softens
- Demand thin as Hong Kong holds firm
Traders don't see market easing any time soon though supply should improve next week.
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