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| FEBRUARY 27, 2007 |
Shipping News
- US warship heading for hijacked UN ship
A US warship is approaching the area off the Horn of Africa where pirates anchored a hijacked United Nations chartered cargo ship.
- Indonesia to probe ferry sinking
INDONESIAN police are to investigate how a fire-damaged ferry capsized as officials and journalists inspected the charred hulk, officials said yesterday.
- General Maritime's Q4 gain plunges 79%
GENERAL Maritime Corp, the third-largest US oil-tanker owner, said fourth-quarter net income fell 79 per cent as a smaller fleet and lower shipping rates cut into revenue.
- TNT's Q4 operating profit up 11.3% to 355m euros
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| FEBRUARY 27, 2007 |
- Striking Canadian rail workers' union agrees to end dispute
- Ningbo's trade with Africa increased 14.5pc in 2006
- OOCL says HK transport will make steady progress in 2007
- Indian shipowners call for sweeping tax reforms
- CIS hauls 2.1 billion tons of cargo by rail in 2006
- Toll eyes Asia as key to becoming fully integrated operation
- Qantas clinches military tanker contract
- DPWN meets 2006 forecasts, says organic growth way forward
- FedEx appoints two vice presidents to handle sales growth in Asia Pacific
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| FEBRUARY 27, 2007 |
- Banks fighting shy of novices in shipping field
- Imposition of 20 pc TDS on freight & charter ops to shrink shipping cos’ finances
- WTSA to raise rates, fuel charges on Pacific route
- DP World’s US port sale clears snag
- Evergreen changing name of US operations
- Rotterdam rejects empty boxes as main terminal faces jam
- China set to deliver 1st LNG ship in September
- APL launching twice-weekly Philippine service
- Wilh Wilhelmsen Q4 earnings soar
- Suez to cut fees to lure Asia-to-US traffic
- HPH to form JV to develop container terminal in Vietnam
- K Line unit deploys winged trailers in Guangdong
- Mundra Port & SEZ in expansion mode
- D. Sugantharaj back as VCTPL COO
- JNPT takes steps to attract more pilots
- Sitting pretty with Rs 20k cr., Rly Minister scatters largesse all round
- Tirupur exporters seek removal of education cess, countervailing duty on capital goods
- Airlines may be allowed to directly import 10 pc of annual fuel needs
- 51 pc rise in SEC Rly freight earnings
- CMA CGM Logistics Park Dadri begins ex-im operations
- Inflation rate falls to 6.63 pc
- Ficci presses for duty credit benefit on exports to CIS
- Ficci to meet Australian team on March 1
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| FEBRUARY 26, 2007 |
- US warship heads towards hijack ship
- Indonesian ferry hulk sinks; four more dead
- German minister slams Galileo firms
- Dockendale ship detained
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| FEBRUARY 26, 2007 |
- OSG to acquire Heidmar lightering business
- U.K. detains Golden Ocean Group bulker
- Bourbon Offshore in cooperation deal
- Maersk Odense yard set for job cuts
- Wartsila training for BW Gas personnel
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| FEBRUARY 26, 2007 |
- Nichols Brothers nets orders for pair of new harbor tugs
- Air France adding SeaTac to Paris flights
- Port of Olympia announces annual BoatSwap & Chowder Challenge
- US, Mexico agree to new trucking pilot program
- Dutch Harbor continues run as top seaport for landing fish
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| FEBRUARY 27, 2007 |
- Sovcomflot predicts bumper order bonanza
RUSSIAN shipping giant expects to pump $1bn-worth of orders into domestic yards by 2011 as its short-term prognosis for tanker markets remains strong.
- Golden Ocean bulker found in 'very poor' condition
A BULK carrier bareboated to John Fredriksen's company has been detained in Liverpool after being judged "a classic case of serious neglect".
- Job cuts threatened at Maersk shipyard
THE loss-making yard, which has a question mark over its future, announces that reductions in the labour force are contemplated.
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| FEBRUARY 26, 2007 |
- Elderly cruiser kills attacker
LIMON, Costa Rica, 26 February – Carnival Cruise Lines is temporarily skipping calls in Limon, Costa Rica after a violent armed robbery last week that has received national media attention
- OSG takes Heidmar Lightering
OVERSEAS Shipholding Group (OSG) will acquire Houston-based Heidmar Lightering from Morgan Stanley Capital Group subsidiary Heidmar Inc
- Oceania bought by private equity
PRIVATE equity firm Apollo Management has acquired a significant majority stake in Oceania Cruises
- NCL competitors tighten squeeze
NORWEGIAN Cruise Line (NCL) is pulling back on Hawaii capacity growth in the face of an onslaught of foreign-flag competition that has battered its pricing
- Aker returns to Russian repair yard
AKER-Kvaerner has bought back into a Russian repair yard for submarines in Arkhangelsk where it had been involved in starting a Russo-Norwegian venture in 1994
- Charterers unaffected by Gazprom move
GAZPROM'S decision to end independent export trading of crude oil and petroleum products produced by subsidiary Gazprom Neft will make little difference to charterers
- NCL exploring Hawaii options
- Norfolkline to review ADG charters
- StealthGas warns on crewing
- Air freighter launches ferry link
- Adsteam sells Liverpool towage
- Somali hijackings resume
- Bono seeks bonus for Fincantieri
- Alaska slams Washington state tax
- Rail strikers urged back to work
- Odense shipyard to axe 140 jobs
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| FEBRUARY 26, 2007 |
- CN strikers return to work
UTU members will vote next month on a tentative one-year pact reached over the weekend that ended the two-week strike.
- Port of Seattle, BNSF in land deal
- Ecuador mounts new challenge to EU banana rules
- Moller to cut shipyard jobs
- International spurs intermodal volume gain
- Dubai among favorites in Hamburg bidding: Report
- U.S. Lines adds Oakland call
- UPS pushes back delivery dates of A380
- RailAmerica replaces CEO
- EU, U.S. launch last-ditch air talks
- TNT profit up 11%
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| FEBRUARY 26, 2007 |
- Government suspends bill after tentative CN labour deal struck
Canada’s federal government has suspended consideration of legislation filed last Friday – which would have ordered striking Canadian National Railway employees back to work – after a tentative union-management deal was struck late Saturday.
- Bids for HHLA share opened today
- Odense Shipyard announces cutbacks
- JN Port threatens to defer fourth box-terminal, without rail corridor
- USL adds second California call to ANZL service
- UPDATED: Kaliningrad services expanded
- Cochin Port inland movement affected by dredger collision with bridge
- China’s Centrans International to start two intra-Asia loops in March
- ICTSI poised to run new terminal in Subic Bay
- Clarification: Scope of Ministry assurance to discuss legal issues at shipper forum
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| FEBRUARY 26, 2007 |
- Spot gets spanked
Conservative chartering has won Quintana and Eagle props while dry-bulk peer Excel gets a dissing.
- Sovcomflot bets a billion
Sovcomflot could spend $1bn building ships in Russia. Vladimir Putin’s right-hand man likes the sound of that.
- Private equity goes cruising
New York private equity group Apollo Management is paying $850m for Frank Del Rio-led Oceania Cruises.
- Brad Mulholland passes
Long-time Matson Navigation chief Bradley Mulholland has succumbed to cancer.
- OSG confirms Heidmar buy
New York owner says agreed acquisition of Heidmar Lightering Services Inc creates "strong combination" with existing tanker fleets.
- Star axes Sydney office
Norwegian bulk carrier owner to close pioneering Australian subsidiary.
- Food aid ship hijacked
All four ships owned by Kenya's Motaku Shipping have now been seized within 18 months after Somali pirates struck again.
- Jumping at Jinhui
Financial performance at Oslo-listed bulker owner Jinhui Shipping is beating analyst predictions.
- Aries Offshore in order debut
New owner of Norwegian offshore player signs up for supply ship at Myklebust Verft.
- STX gets Vietnam nod
Korean shipbuilder wins state approval for $500m shipyard in central region.
- Strike ended in Port Said
Egyptian shipyard staff back to work after government officials promise to improve conditions.
- Frontline battle for ECJ
Key issue for the future of London shipping arbitrations to be resolved by European court.
- StealthGas hit by costs
US-listed LPG player sees fourth quarter profits dwindle as expenses soar, but annual result up.
- Golden Ocean bulker rapped
UK Coast Guard detains Golden Glory in very poor condition with heavy weather damage.
- Maersk yard seeks job cuts
Lack of new business prompts Odense Steel Shipyard to axe 140 salaried staff.
- Arpeni brings in HMM
Indonesian tanker owner to run two ships together with Korean partner to tap growing demand.
- Attica buys more Minoan
Greek ferry group reportedly builds stake in rival to 22% from 15%.
- Jumping Jutha!
Larger fleet, extra charter revenue and little bunker costs mean happy times at Thai multi-purpose player.
- Indonesian death toll rises
Up to 42 people confirmed dead in ferry blaze, while camameran dies as burnt-out vessel sinks with journalists on board.
- Precious makes it ten
Thai shipowner continues with clear out of elderly tonnage as Jamjuree Naree goes to new owners.
- Smit buys into Liverpool
Dutch salvor’s buy of Adsteam operation should clear way for SvitzerWijsmuller takeover.
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| FEBRUARY 26, 2007 |
- Somalian pirates hijack U.N. aid vessel
- UPS sticks with A380 freighter for now
- Jade adds freighter, destinations
- Northern border ag fee delayed
- CN, UTU reach strike truce
- Winter storm slows rail traffic
- Businesses urged to lobby for ITDS adoption
- U.S. Commerce: India’s reaction positive to "trusted customer" program
- TNT’s operating profit up 11%
- Demand for logistics in China to grow 15 percent
- LMS opens Southeast headquarters
- New York takes action on DP World terminal sale, on-dock rail
- Job cuts loom at Maersk shipyard
- Judge denies petition for stay from Puerto Rico Port Agency
- SMIT buying Adsteam’s Liverpool towage operation
- Hong Kong’s throughput up 1.2% in January
- Port of London Authority chief to chair U.K. ports group
- DP World appoints IT specialist
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| FEBRUARY 26, 2007 |
- Odense yard prepare to reduce staff
Odense Steel Shipyard announced today that there might be staff reductions in the future. Due to problem with securing new ...
- Mismanaged Norwegian controlled bulker in detention
A port state control inspection revealed over 30 deficiencies on the bulk carrier the Golden Glory. On February 22, the ...
- Empty bulker took the ground in Øresund
The Danish Police is now investigating the cause of the grounding of the Bahamian-flagged bulk carrier Coronis. The vessel ...
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| FEBRUARY 26, 2007 |
- Barge trouble in South Africa
Cape Town's barge operations ceased and reduced capacity in Durban.
- New kit from Kittiwake
Upgraded portable lube oil test system can provide analysis of water in oil and TBN in minutes.
- Chemoil chief predicts continued strong growth after record year
Chemoil delivers 16.8% profit increase, Chandran 'not happy' with current share price.
- Rotterdam market remains firm
- Singapore confirms basic design consultant for oil caverns
Next up, appointment of contractor for the detailed design and construction of the underground oil caverns.
- Cluster of Chinese ports offering competitive prices
Bunkerworld now shows prices from China's Shenzhen port region. Data shows they are competitive to Hong Kong.
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