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| AUGUST 27, 2007 |
Shipping News
- Daewoo Shipbuilding earns profit in July as prices rise
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, said it earned a profit last month as soaring demand drove up prices in an industry with a four-year backlog of orders.
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| AUGUST 27, 2007 |
- Hutchison H1 net profit up 53pc
- Shanxi: China's fastest growing province in terms of foreign trade
- Oakland tests shoreside power source for ships
- FedEx expands cross-border distribution service between US, Mexico
- Chang Yung-fa receives honourary doctorate from Russian Academy of Transport
- UPS appoints sales director
- BA pleads guilty to price-fixing
- Air France-KLM posts Q1 net income rise of 70pc
- Aeroflot Cargo seeks freighter conversion from Boeing
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| AUGUST 27, 2007 |
- GMB’s int’l seminar & expo to highlight shipbuilding opportunities in Gujarat
- Uniworld hosts vendor meet in Shanghai
- CMA CGM augments eco-box fleet
- L&T to raise Rs 2,800 cr. through GDRs for shipyard building
- Mercator to raise $ 150 m via IPO in Singapore
- Spectacular 124 pc rise in NMPT’s rail traffic
- Port workers hold rallies
- Tuticorin Port proves mettle in anchorage operations
- Record handling of wheat in bulk
- PM clears financing of 2 railway projects
- 4 pc ‘duty drawback plan’ for sugar exporters
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| AUGUST 24, 2007 |
- Canada okays GL fire protection product approval
- Safmarine's new Asian service
- Evergreen and Wan Hai in new service
- Nick Twilley
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| AUGUST 24, 2007 |
- APL orders world's most powerful diesels
- PPL Shipyard books jack-up rig order
- Austal launches first Cotai Strip ferry
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| AUGUST 24, 2007 |
- Failure of levy has Port Vancouver making new plans for development
- New rules put in place to resume dredging at Deltaport
- NASSCO working on Navy deal to construct additional T-AKE ships
- Anacortes port board Oks Airport Layout Plan
- US rail freight traffic numbers head back to negative side for week
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| AUGUST 27, 2007 |
- Woodside seals LNG export deal with Japanese duo
FIRM inks multi-billion dollar export deal for the sale of LNG from the Pluto project to Japanese buyers.
- Woodside LNG move to give US flag boost
- Jinhui bulks up supramax fleet
BULKER operator's offshoot Jinying Marine will pay $59m for new 53,470 dwt supramax.
- Australian stevedores face price-fixing probe
COMPETITION watchdog launches legal proceeding against two major operators over price collusion.
- City of culture River of dreams
PHASE one of the port of Liverpool’s planned post-panamax river box terminal could be in operation by 2011.
- Look on the bright side
WHAT are possible reasons for the increase in the detentions issued by members of the Paris MOU on Port State Control?
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| AUGUST 24, 2007 |
- ACCC out for stevedores’ blood
The Australian Competition and Consumer Commission has launched legal action against former Patrick and P&O stevedoring companies and four of their former executives
- Horizon buys Aero Logistics
JONES Act carrier Horizon Lines has bought San Francisco-based third-party logistics provider Aero Logistics
- Air passengers turn to ports
CROWDED airports and increasing concerns for the environment are channelling passengers back to ferries, says French short-haul operator Sea France
- Saudi fury at Danica ransom
SAUDI Arabian commentators have warned that paying ransom to pirates is an alarming development that could make the Red Sea the next theatre for sea hijacks
- Mercator takes IPO to Singapore
MERCATOR Lines of Mumbai is raising around $200M in India's largest public issue in Singapore
- Ten new shipyards for Vietnam
VIETNAM'S state-owned shipbuilding company Vinashin has told Fairplay it is to build another 10 shipyards
- Japan energy quest moves to Brazil
- ABG buys another shipyard
- Ferries, shipyard let Aker down
- Luxury yacht in AHT rescue
- Cruise lines break PVSA law
- Phils finds bomb on ferry
- Indonesia yields to Japan on LNG
- Hibiki CT restructures
- Toll extends Kimtrans offer deadline
- Three lines move from LA to LB
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| AUGUST 24, 2007 |
- Shippers criticize U.S. passport rule
North American trade interests renew opposition to U.S. plan requiring passports for land border crossings.
- L.A. terminal loses carriers to Long Beach
- Fredriksen raises stake in parent of Hapag-Lloyd
- Rail intermodal reflects weak peak start
- Evergreen, Wan Hai plan Japan-Thailand service
- Behemoth air freighter moves closer to production
- JFK air cargo slides
- Cargolux adds Mexico flight
- Tradebeam closes on $29 million in funding
- Japan shrinks trade surplus
- Nehru boxes up 23%
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| AUGUST 24, 2007 |
- More bad news for ‘Made in China’?
The US and China traded punches this week in a ‘quality war’ which could signal a further global backlash against the ‘Made in China’ label.
- Evergreen and Wan Hai to add capacity to Japan/Thailand trade
- Adani Logistics to join container rail competition
- UK Customs extends SAD deadline again
- Horizon Lines snaps up Aero Logistics
- SAILS improves service
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| AUGUST 24, 2007 |
- Crews’ booze risk
UK study says seafarers among those most likely to die from alcohol-related diseases.
- Mols lines up more
Better first-half profit for Danish ferry owner as it eyes extra vessels for its routes.
- One dead in tug accident
Microsoft founder’s yacht (left) to rescue as anchor-handler sinks off South Africa.
- India gets first maritime university
Chennai-based academy AMET upgraded by government.
- LSC in the black
Lithuanian dry cargoship owner registers useful profit for first half.
- Ferry bad for Aker
Shipbuilder posts second-quarter loss as soaring costs at Finnish subsidiary take toll.
- Maersk launches new Africa run
Safmarine and Maersk Line starting second direct weekly box service to Asia in September.
- ABG to take over Western
Expanding Indian yard looks to have won race to control west coast shiprepairer.
- ST Shipping: ‘Price is not right’
Head of Glencore’s shipping arm denies reported price for tanker duo saying correct figure is $130m.
- Platou listing moves closer
Norwegian shipbroker could go public in home capital as early as next year.
- High-seas bunkering comes to Pacific
Denmark’s OW group to provide fuel top-ups on the move with tanker barge Ophelia.
- Tonnevold sells again
Norwegian owner offloads minority stake in reefer to Green Reefers, leaving it with one such vessel.
- Kansai still in the red
Japanese ferry owner Kansai Kisen posts small half-year loss and braces itself for worse-than-expected year.
- Brostrom builds bank balance
Volatile market during first half, but Swedish tanker owner comes out on top with better profit.
- Finnlines confirms Jinling six
Finnish owner paying EUR 240m for 3,200-lane-metre ro-ros in China.
- Ransom was paid
Danish government says owners of Danica White did cough up ransom money to get ship released.
- Green red hot in cool sector
Norwegian owner’s reefers making plenty of money so far in 2007.
- Profits dip at BC Ferries
Canadian ferry operator sees second quarter results lower than a year ago due to higher costs.
- Disposals impact Global Carriers
Malaysian tanker owner slips to a loss in the second quarter following disposal of vessels in 2006
- Cruise lines assess damage
Carnival and Royal Caribbean assess the impact of Hurricane Dean on Mexican port of Majahual.
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| AUGUST 24, 2007 |
- Fredriksen takes stake in Hapag-Lloyd parent
- Maersk starts new Far East/West Africa service
- Evergreen, Wan Hai boost Japan/Thailand capacity
- Euroseas sees slight decline in profit
- NASSCO gets Navy order for five more dry cargo ammunition ships
- Frontline reports profits double
- Report: Nigerian minister wants to boost domestic shipping
- Bamboo floors for containers gain support
- Con-Way completes acquisition
- Intercontainer opens Vienna office
- Produce retailers shut down in four Indian states after protests
- USTR seeks comments on Andean trade act
- Aussie regulators accuse terminal operators of price fixing
- COSCO Pacific reports higher profits for first half
- Port of Baltimore gets O.K. for development
- Israel to get private port
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| AUGUST 24, 2007 |
- No more Swedish flag for Broström
Göteborg based tanker owner and Broström Broström has grown tired of the slow-acting Swedish government and says in its ...
- Finnlines order ro-ro vessels
Finnlines has placed an order for six ro-ro vessels at the Chinese Jinling shipyard for delivery in 2010 and ...
- Union preparing lawsuits in aftermath of Danica White
The Danish union 3F (Sømændenes Forbund) is preparing lawsuits against almost everybody involved in the Danica White affair – The owner ...
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| AUGUST 24, 2007 |
- Bunker prices in US trend downward
Prices ending week lower, turning corner from last month's records.
- So far so good for Odfjell
First half results improved on higher rates, lower bunker costs.
- Neste gains on bunker hedges
Larger fleet and better rates boost profits.
- South Korea's refiners add to fuel oil worries
Analaysts say shortage of product could see prices rise in September.
- Two more new traders at Dan-Bunkering
- Bank prospers from 'vibrant demand' for shipping finance
Nordbank claims 'gratifying success' in providing bunker buyers with hedging stategies.
- Rotterdam bunker market holds steady
- Plans for new regional oil storage facility
South Korea says facility could eventually have capacity for 28 million barrels of oil and oil products.
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