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| SEPTEMBER 27, 2007 |
Shipping News
- Japan carriers expected to see smaller tax bills
Nippon Yusen KK, Japan's largest shipping line, and other sea carriers may reduce their tax bills under a government proposal designed to encourage domestic ship registration.
- VLCC freight rates up, set for further rise
Asia freight rates for Very Large Crude Carriers (VLCCs) loading from the Middle East Gulf jumped yesterday as charterers rushed to lock in their tonnage requirements for October.
- Vinashin to issue 3t dong in bonds
State-run Vinashin, Vietnam's largest shipbuilder, is selling 3 trillion dong (S$279 million) in 10-year bonds on the domestic market to expand its cargo ship fleet, the company said yesterday.
- Oakland Port turns idle after worker dies in accident
- New probe into port lead contamination
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| SEPTEMBER 27, 2007 |
- Insurers group demands training for handlers of dangerous cargo
- MSC deploys larger ships on Jade service
- China Railway Express acquires highest credit status from CFLP
- Panama Canal Authority CEO travels world to raise awareness
- Port and tax officials' quarrel worsens Mombasa box congestion
- TNT Express Thailand appoints new country general manager
- Air China to offer Beijing-Athens service November 28
- China Eastern Airlines to offer Kunming-Kolkata service
- US less-than-trailer load market drop bites into FedEx profits
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| SEPTEMBER 27, 2007 |
- Essar orders 6 Supramax vessels worth $ 210 m. from ABG Shipyard
- GE Shipping takes delivery of another Suezmax tanker
- Seminar throws light on latest developments
- 18 pc surge in cotton exports seen with bumper crop in 2007-08
- Nafed contracts to import 40,000 t edible oil
- Trailer operators resume normal box transportation to/from JNPCT
- Posco to start construction of captive port early next year
- Bengal govt, KoPT officials hold talks with DP World on Kulpi port
- Monsoon fury hampers handling operations at 3 Major Ports on East Coast
- Nath wants more rail lines under DMIC project
- Rites records turnover of Rs 566 cr.
- SEZs galore, but Customs personnel far inadequate
- Rupee rise: Chidambaram stays non-committal on export sops
- Incredible India campaign touches US corporates
- Instt. of Corporate Affairs on govt's agenda
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| SEPTEMBER 26, 2007 |
- New port of Rotterdam office in China
- Georgia's ports report 30% growth in teu for August
- Jade Cargo waits for green light
- 60 Bombardier Traxx engines for Angel Trains Cargo
- RZD to sell 15% of TransContainer
- Gebrüder Weiss opens second location in Canada
- Italian antitrust authority to examine Trenitalia Cargo
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| SEPTEMBER 27, 2007 |
- Mitropoulos stresses environmental challenges
- ClassNK passes 150m gt mark
- Australia's first Annex 1 compliant bunker barge
- Philadelphia port land row goes to court
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| SEPTEMBER 26, 2007 |
- Rigdon takes delivery of second GPA 654
- Erie Shipbuilding returns to new construction
- Keppel Shipyard books conversion contracts
- BIW to build first DDG 1000
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| SEPTEMBER 26, 2007 |
- Port of Tacoma sees growth in export numbers
- Panama Canal replaces locomotive tow tracks
- For-Hire trucking index falls during month of August
- Vancouver Port Commission Oks creation of wetland mitigation bank
- Congress earns port support for passage of water resources act
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| SEPTEMBER 26, 2007 |
- Tom Boardley quits NYK Line
LINER heavyweight jumps ship to CMA CGM and is joined by former Maersk executive Lars Kastrup.
- Saadé and Jacobs to join forces in ship finance vehicle
- Indonesia detains pirates for tanker hijacking
INDONESIAN authorities have detained 14 pirates who hijacked a product tanker over the weekend.
- Dry bulk sector consolidation 'unlikely'
EXPERTS say mergers, although needed, is unlikely to happen as segment is too fragmented.
- Model of success stares failure in the face
THE suspension of concessions at Talcahuano and Coquimbo has thrown the modernisation of Chile's ports into doubt.
- The technical knowledge gap
A REAL problem emerging in the shore-side infrastructure is a shortage of technical experience on many fronts.
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| SEPTEMBER 26, 2007 |
- Asians rule out dry bulk mergers
ASIAN dry bulk owners have ruled out consolidation because the sector's ownership structure is too fragmented
- Court action to halt Hutchison bid
SRI LANKA'S Aitken Spence conglomerate is seeking to block a rival bid by Hutchison Port Holdings to build a new container terminal in Colombo
- Iran slashes gasoline imports
IRAN is cutting petrol purchases to 15M litres / 94,000 barrels a day, reports Fars News Agency, in an attempt to save $3bn
- Shipping share offerings rise
OVER $1.1Bn is being raised by a combination of secondary and initial public offerings on New York exchanges and there appears to be a healthy appetite for shipping equity
- Sakhalin-2 delay confirmed
- Monopoly probe against Italian rail
- 'Vague' EU asylum policy draws fire
- Chief calls for US transport policy
- Migrant Watch: US/Caribbean
- Maritime fund facility extended
- Settlement opens way for oil rush
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| SEPTEMBER 26, 2007 |
- Trucking crisis looms for LA-Long Beach
Warning that new security, smog rules could send harbor trucking into crisis mode in 2008 at largest U.S. box gateway.
- Asia slowdown blunting Maersk container growth
- Oakland port faces backlog
- Steel imports up 29%
- Canadian National to buy Chicago rail line
- Gain for Tacoma breakbulk
- U.S. approves new China flights
- China Shipping in Japanese logistics joint venture
- Astar pilots weigh strike
- UK's Salvesen said to be logistics takeover target
- Bay Area exports up
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| SEPTEMBER 26, 2007 |
- JadeWeserPort delays continue amid building contract dispute
- Dongnama renamed C& Line
- Port of Felixstowe breaks rail volume records
- Brazil strike finally over
- CMA RAIL to manage global rail operations
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| SEPTEMBER 26, 2007 |
- Hess fixes drillship
US oil and gas company sets up five-year, $950m agreement for a newbuilding Stena drillship.
- Island shopping
Trinidad and Tobago port authority is holding a tender for a cargo-carrying ferry to travel between the islands.
- Fatality delays port
After a fatal accident stops work at California's Port of Oakland, the busy port expects a 5- to 7-day delay.
- Rothwell rejected
Irish Continental shareholders have turned down $864m management take-over bid.
- No Top reverse split
Top Tankers' efforts for a reverse stock split flounders after shareholder vote is shy of a majority.
- A "buy" for Paragon
In analysts' first rating since Paragon's August IPO, Greek shipping company gets a "buy" rating.
- Cyprus sees red over ferry
Government wants meetings with Syria over link from island's Turkish north.
- Lion roars to top
Singapore claims World Bank title of best place in the world to do business.
- Field narrows for Navibulgar
Only three bidders left standing in race to buy Bulgarian national owner's big mixed fleet.
- Bottling it up
New LNG plant planned for Huelva to counter Spanish government plans to raise gas prices.
- Randy adds two
Singapore-listed Samudera heads to China to build on its boxship strength.
- Keppel converts
Singapore yard wins repeat orders for conversion work on two old tankers.
- Tisco to supply steel
Chinese mill strikes deal on ship plates with HHI of Korea.
- Pomerania sale delayed
Polish shipyard's saviour Makrum not yet granted government permission to complete takeover.
- Indonesian yard to expand
Shipbuilder Daya Radar Utama plans new facility for 50,000-dwt vessels.
- Sarkozy in Somalia pledge
French president uses UN address to canvas support for naval aid for humanitarian shipments.
- Pirates under fire
Indonesian Navy shoots down pirate attack on product tanker in the Malacca Strait.
- Box death shuts Port of Oakland
Workers at Californian terminal down tools as colleague killed by falling container.
- Damen wins Svitzer business
Dutch shipbuilder to build two ASD 2411 tugs for AP Moller-Maersk salvage company.
- Handy heaven
Japanese shipyards are piling on new export orders on the back of the red hot bulker market.
- Wartsila stays close to home
Engine builder opens new domestic facility proving it is not shifting all its expertise abroad.
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| SEPTEMBER 26, 2007 |
- Horizon, Trailer Bridge outline ambitions
- ZIM continues industry-wide mega-ship binge
- ClassNK becomes first ship register to pass 150 million gross tons
- Emirates, CSAV list on OceanSchedules.com
- Miami International cargo up 8.2% in August
- UP safety citations through September surpass 2006 totals
- MOI gets USTDA support to move forward on global customs initiative
- House extends TAA 3 months
- Container transshipments boost Colombo's throughput
- Gantry cranes arrive for new Le Havre terminal
- Tacoma sees 4.5% growth in breakbulk exports
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| SEPTEMBER 26, 2007 |
- Coastal Norway supports the shipowners
Next week mayors and other politicians from Norway's coastal towns and local boroughs will go to Oslo to lobby ministers ...
- Fast supply vessel from Hvide Sande
Today Hvide Sande Skibs- & Bådebyggeri delivered its hull no. 113 to Rederi A/S Odin, a company part of the ...
- Wärtsilä increases production capacity
Wärtsilä has invested EUR 30 million in a new assembly hall and logistics centre at its factory in Vaasa, Finland ...
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| SEPTEMBER 26, 2007 |
- Oil drops on DOE report
'Nothing bullish' in latest US oil inventory data, showing unexpected builds.
- ARACON 2007 to tackle hot issues
Amsterdam's first ever bunker conference offers a wide range of current industry issues and unparalleled networking.
- UAE player pays record fuel oil price
Tight regional market causing concern though Fujairah bunker premiums easing this week.
- Reduced capacity to continue at Santos
- Rotterdam barge market quiet this morning
- Suppliers' credit risk up on rising bunker prices
Suppliers 'don't have a handle on their credit exposure', warns Ocean Intelligence MD.
- Fuel oil flow to Asia improving
October fuel oil cargo influx from the West at five-month high.
- Singapore's elder statesman sends environmental message
High sulphur content bunker oil remains a major pollutant, he says.
- MPA signs pact to strengthen oil spill response
Singapore details payments to be made to parties that help in oil spill clean-up operations.
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