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| JUNE 27, 2007 |
Shipping News
- Beijing lures foreign-flagged Chinese ships back home
CHINA will offer a tax holiday to entice Chinese-owned, foreign-flagged ships to switch to carrying the Chinese flag, as a rising number of such ships in Chinese waters complicates rescue and maritime procedures.
- China Cosco doubles on Shanghai debut
SHARES in China Cosco Holdings more than doubled as they listed in Shanghai yesterday, after the shipping giant's US$2 billion domestic IPO attracted a record 1.629 trillion yuan in subscriptions.
- China Merchants to buy 14% of Shenzhen terminal
CHINESE port operator China Merchants Holdings said yesterday that it plans to buy a 14 per cent stake in a US$954 million container terminal in China's southern boom city of Shenzhen.
- DP World raises US$3.25b from bond sale
- Transnet full-year profit rises 50% on sale of assets
Strait Talk
- Gloria is the Place for seafarers
ASK a Filipino seafarer what is special about Rotterdam and he is likely to say, 'Gloria's Place'.
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| JUNE 27, 2007 |
- APM Terminals' JV to develop Dachan Phase 2 box terminal in Shenzhen
- China Customs says foreign-invested firms dominate 3PL business
- Tianjin port hits 2007 throughput target of 7 million TEU
- Shenzhen to hold logistics expo in July
- Ecu-Line offers weekly service to Dubai with 16-day transit time
- Kuehne + Nagel to focus on solutions-oriented service
- Wal-Mart names 'K' Line its top carrier in 2006
- Singapore Airlines firms up order for 20 Airbus 350-900 XWBs
- Dragonair Aviation Certificate Programme is unveiled for air cadets
- Hactl provides cargo, ramp handling to Jett8
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| JUNE 27, 2007 |
- Merchant vessel in distress off Porbandar coast
- Maersk Logistics freight forwarding activities to integrate with Damco Sea & Air
- BCC&I seminar on ‘Mumbai-Shipping & Logistics Hub’ today
- Japan may invest $ 30 bn in India’s core sector
- Pulses import pulls down prices
- Pepper exports to US up by whopping 400 pc in Jan.-March
- Exports to Pakistan cross $ 1-bn mark
- 134 not out!
- Panel submits report on classification of port workers
- MICT scores yet again!
- 6,273-km highways targeted this fiscal
- APL IndiaLinx achieves 1,000-TEU landmark within month of operations
- TUFS norms being tightened
- SEZ units want clarity on iron & chrome ore export duties
- PM confers with RBI chief on steps to bail out exporters; high-level study group likely
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| JUNE 26, 2007 |
- Wolf Hüttemann celebrates 75th birthday
- Ecu-Line to Dubai
- Volga Dnepr orders IL-76TD-90VDs
- Lufthansa takeover of Swiss complete
- Russian and German railways to launch joint company
- Samsung Electronics France working with Geodis
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| JUNE 26, 2007 |
- Appeals court orders new look at Massachusetts oil spill law
- Rangnekar quits SCI directorship
- Siba makes largest ever Asian cattle shipment
- GL looks ahead to ballast tank coatings change effects
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| JUNE 26, 2007 |
- K-Sea to acquire Smit and Sirius
- Coast Guard announces new Deepwater contract
- Cummings promises probe of Coast guard courts
- Aker Philly delivers another
- Davie to build accommodation vessels
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| JUNE 26, 2007 |
- Saadé fires warning shot to French register
CMA CGM chairman ready to switch bulk of French fleet to UK flag due to financially onerous crew nationality requirements.
- French officers ready to strike
- China Shipping faces fraud allegation
BANKING regulator says company misused $315m worth of loans to invest in Shanghai IPO market.
- China unveils plans to woo its shipowners
GOVERNMENT offers tax breaks to lure Chinese-owned, foreign-flagged vessels to switch to their national flags.
- New start at the end of a tough trip
THE Netherlands looks forward to an era of efficient goods transport with the opening of the Betuwe rail link.
- Maersk clears decks
THE sudden departure of three top executives from AP Moller-Maersk is positively seismic.
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| JUNE 26, 2007 |
- China asks HK to stall expansion
A senior Chinese government official has asked Hong Kong to stall plans for expansion of container handling facilities and focus instead on developing "high-end" logistics
- GE shipping warrants approval
THE BOARD of GE Shipping has approved a preferential issue of over 5M warrants to its promoters and directors today
- Crude stocks rise as refineries struggle
US refinery maintenance outages are lasting much longer than usual, inflating stored crude oil inventories to levels that could dampen short-term crude tanker imports
- Princess rescues sailor in distress
PRINCESS Cruises' Bermuda-flagged Crown Princess yesterday came to the rescue of a sailor off Virginia who had been adrift for several days on his 6m craft
- USN helps train DR in security
THE Dominican Republic is currently playing host to a fast US Navy catamaran on a mission to strengthen Caribbean regional maritime and port security
- MarAd pressed on pollution handling
MARAD head Sean Connaughton has been asked by congressional representatives to release a report on pollution from 80 rusting naval vessels in San Francisco Bay
- Bulgarian bulker refloated
- Brazilian owners want window kept closed
- Boluda bridges the gap
- MISC bond date undetermined
- Ceylon Shipping seeks Jaffna funding
- Norwegian Wilson acquires four
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| JUNE 26, 2007 |
- White returning to Baltimore port
Ousted in 2005, former chief of Maryland Port Administration to succeed departing Brooks Royster.
- Horizon closes on buy of Hawaii Stevedores
- LA adopts $1B port budget
- San Diego port boosting area jobs: Report
- Alabama restructures port operations management
- Hamburg Süd to test 'green' flooring for containers
- NYK opens Russia logistics unit
- BAX parent close to UK, Spanish rail buys
- License fees boost Logility profit
- India plans Kandla port and shipyard complex
- Mitsubishi upgrades China logistics office
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| JUNE 26, 2007 |
- K Line check-out Wal-Mart accolade
- Korean shippers and ship owners agree to co-operate
- APL turns the corner
- Jakarta port operator PT Pelindo 11 to make a second attempt for control of JICT
- Institute of Chartered Shipbrokers establishes UK and Ireland Zone
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| JUNE 26, 2007 |
- Zim takes two
Name of yard to build twin units not revealed as Israeli line commits to $92m spend.
- OceanFreight buys again
Italy's Deiulemar is getting $47m for a panamax from a repeat customer, Bob Cowen-led OceanFreight.
- SCI loses another boss
Liner director SS Rangnekar’s contract not renewed, leaving two major divisions without leaders.
- V.Ships profit up 20%
Outsourcing boom lifts shipmanager’s parent and justifies new investors’ faith.
- Short-sea list gets longer
Finland’s Containerships adds two new ports to schedule with new, larger unit taken on charter.
- Tax holiday in China
Government wants to entice ships back to domestic register with two-year sweetener.
- MBC buys out partner
Malaysian owner takes 100% control of newbuilding products tanker in deal with Mitsui.
- Crew righting bulker
List on NYK’s Taharoa Express reduced to 12 degrees after excess water is removed from hold.
- Davie wins offshore order
Economou and Pistiolis-backed Ocean Hotels signs for two accommodation ships at Canadian yard.
- Sheths to build stake
Great Eastern’s controlling family, led by boss Bharat Sheth, to snap up convertible warrants with cash from Great Offshore sale.
- Fredriksen keeps buying
Pursuit of Malaysian drilling contractor SapuraCrest continues as Seadrill snaps up more stock.
- ‘Samina’ sentences slashed
Athens appeals court knocks years off jail terms of captain and three others charged with fatal ferry sinking.
- CSDC continues revamp
Chinese owner sells two older tankers and scraps a third to cut costs.
- Malta bribes probe
Maritime authority under investigation after allegations of bribery involving boat licences, contracts and flag.
- Maua Jurong gets the cash
Brazilian yard wins development bank funding to build four tankers for Transpetro.
- Koznitsa re-floated
US authorities free Navibulgar-owned handysize bulker which grounded outside Brunswick Harbour.
- Transocean behind Daewoo driller
World’s largest offshore drilling contractor emerges as company who placed recent $500m order.
- CSDC forms coal venture
Chinese owner committing two bulkers to new operation with power producer Jiangyin Sulong.
- ‘Can’t stop Gearbulk’
Norwegian diplomats want bulkers to stop loading phosphate in Western Sahara but their jawbones are their only weapon.
- OOIL names new CFO
Ex-Citigroup director to replace Nicholas Sims in top finance job at Hong Kong parent of OOCL.
- Globus fixes to Cosco
Recent AIM debutant secures employment for one of its five handymaxes from Chinese giant.
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| JUNE 26, 2007 |
- COSCO Holdings’ shares soar on first day of trading
- APL's revenue per box up 2%
- Indian shipbuilder gets contract from Dutch heavy lift carrier
- Euroseas plans secondary stock offering
- CMA CGM christens 1,700-TEU vessel
- Lufthansa Cargo switching from Cologne to Leipzig
- Agility wins contract for Qatar gas-to-liquids project
- C.H. Robinson 3PL business opens office in Singapore
- NYK Logistics opens Norfolk Logistics Center
- Georgia ports buys equipment, names chairman
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| JUNE 26, 2007 |
- Bourbon Dolphin job would have been stopped in the Norwegian sector
AHTS Bourbon Dolphin was grappling with a too heavy anchor in six metre waves north west of Shetland when the ...
- Mærsk CEO starts his own shipping company
A lot of speculations have been made after it was revealed that the present Mærsk CEO, Jess Søderberg has founded ...
- Tordeskjold trio indicted for fraud
Former shipowner Tor Johan Stuve and two of his associates are now charged with fraud and embezzlement involving NOK 100 ...
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| JUNE 26, 2007 |
- California: ARB invites input on Vessel Speed Reduction measure
Speed reduction could form part of effort to reduce harmful emissions from ocean-going vessels.
- Risky refloat operation planned for Thursday
Bunker spill danger remains real amid fears that Pasha Bulker refloat operation could worsen hull damage.
- Algeciras port predicts continued bunker growth
Port officials report nearly 12% growth in 2006; see further growth despite environmental opposition to bunkering in the Bay.
- Rotterdam little changed Tuesday morning
- Saudi fuel oil cargo offered for July loading
Saudi Aramco offers up to 116,000 mt of 380 cst fuel oil from its Jubail refinery.
- Saudi Aramco halts 180 cst bunker sales
Aramco's Ras Tanura refinery has temporarily stopped supplying 180 cst along the Persian Gulf.
- Some OPEC members increasing output
Iran and Algeria are exporting more crude oil. Nigeria too, has increased output.
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