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| NOVEMBER 27, 2007 |
Shipping News
- Sinotrans to consider buying smaller rivals
Sinotrans Shipping Ltd, China's third-largest owner of dry bulk ships, will consider acquiring smaller rivals as well as buying new and second-hand ships as it expands its dry bulk cargo fleet, its chairman said.
- DP World shares rise on debut on Dubai bourse
Shares of Dubai Ports World rose as much as 10.8 per cent on their trading debut yesterday after the world's fourth-largest container port handler raised almost US$5 billion in an initial public offering.
- Port woes could hit Rio Tinto coal orders
Rio Tinto, the world's third-largest mining company, said that it may not be able to meet orders to export coal from the Hail Creek and Blair Athol mines in Queensland state because of congestion at the Dalrymple Bay port.
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| NOVEMBER 27, 2007 |
- Confident Wan Hai takes delivery of two ships of 6,039 and 4,252 TEU
- QQCT, Pan Asia to operate Qingdao container terminal
- Eight projects end construction in Xiamen Free Trade Zone
- AMB builds two logistics facilities in Kunshan
- Nanchang to set up three logistics bases
- Extras cause rising Singapore, Malaysia shipping costs: assistant minister
- North England's Teesside finds prosperity with port-centric logistics
- CSCL gains regulatory permission for A-share IPO
- DAS Air Cargo of Uganda saved by Nigeria's Continental Aviation Services
- DHL says airports face growing pressures as volume rises
- Swiss WorldCargo to start Delhi-Zurich airfreight service
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| NOVEMBER 27, 2007 |
- CKYH Alliance revamps Asia-North Europe services
- Evergreen Line to commence South-East Asia-Australia service
- K Line add Qingdao to CWL service
- Schenker to develop logistics hub in Vietnam
- APL launches Hainan-Vietnam service
- India may become net importer of steel
- Attractiveness of Vizhinjam as a mega container transhipment terminal
- Singapore stays as world's biggest container port
- Samsara Group commences services between Ankleshwar and JN Port
- Rlys to fund freight corridor project on its own
- Forex kitty swelled by $ 3,663 million in a week
- No more relief packages to exporters-Minister
- Govt plans additional sops for owners deprived of land for industrial projects
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
- Iceland Minister to meet Press today
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| NOVEMBER 26, 2007 |
- Arkas adds two new ships to its fleet
- Emirates SkyCargo increases capacity to Vienna
- RZD selling 15% of TransContainer
- Construction work commences on Kars-Baku line
- Mattel choose Geodis to manage DC
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| NOVEMBER 26, 2007 |
- Nautilus worried by adventurous cruises
- Bourbon opens training centre
- North Sea SECA in operation
- London Club's 17.5% increase
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| NOVEMBER 26, 2007 |
- Aker American splits, makes shipyard separate company
- Hanjin to build second major yard in Philippines
- Seabourn Spirit saved from another brush with pirates
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| NOVEMBER 26, 2007 |
- McLean family making plans to sell Trailer Bridge shares
- OOCL christens new container ship
- BELUGA ENDEAVOR calls Port of Olympia terminals
- Marcon brokers sale of DSV SUN CARRIER
- Old Dominion Freight Line opening Eugene, Oregon facility
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| NOVEMBER 26, 2007 |
- Crew crunch reaching crisis point
CRISIS could be acute enough by next year to prevent vessels sailing, warns HKSA managing director Arthur Bowring.
- Crew crunch a safety risk says Gard
- Dry bulk rates set to go even higher
DRYBULK boom is expected to continue into next year, with even higher freight peaks, say leading analysts and players.
- CMA CGM inks Xiamen port investment venture
CMA CGM is to invest in the construction of a $307m deep water container port at Xiamen's port of Haicang.
- BEYOND THE CALL OF DUTY
THe IMO Award for Exceptional Bravery at Sea hopes to raise the profile for seafarers and shipping.
- Bringing on the expertise
ONE only has to look at the shortage of technologists right across the maritime industry to illustrate the problem of 'short termism'.
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| NOVEMBER 26, 2007 |
- Privatise Fincantieri, Prodi urges
Italian Prime Minister Romano Prodi has pressed for Fincantieri to be privatised
- ISF warns Brussels on unilateralism
THE ISF has reacted to the EC's 'Blue Paper' policy review by warning Brussels against further unilateral law-making
- Owners stung as Rome cuts tax break
ITALIAN shipowners association Confitarma has complained that the 2008 budget will not renew the tax relief previously granted to shipowners for cabotage operations
- McLeans selling Trailer Bridge stake
THE McLean family has confirmed plans to sell its 48% stake in US-flag tug-barge container operator Trailer Bridge
- Aker American splits up
AKER American Shipping will split into two stand-alone entities: a shipowning company and a shipyard
- Iranian aid for Sri Lankan ships
CEYLON Shipping Corp is seeking Iranian credit to fund the purchase of two cargo ships for coastal operations to the northern Jaffna peninsula
- USS seeks liquidity cure
- Indian Oil barges into Colombo
- Green Reefers cuts interim loss
- WA economy tempts Carnival
- China predicts 60% ore surge
- Profits warning as recovery stalls
- Tonnage rise in line for Chinese?
- Gazprom to build Black Sea gas pipe
- Trasmed takes intermodal to Morocco
- Search on for Long Island spiller
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| NOVEMBER 26, 2007 |
- McLean family to sell Trailer Bridge stake
Family of founder, containerization pioneer Malcom McLean intends to sell 47.8-percent stake in Jones Act ocean carrier.
- FMC to consider LA truck plan
- PNW ports hike security fee
- Trans-Pacific lines plan wastepaper fuel charge
- CMA CGM signs accord to invest in China port
- Rail intermodal slump persists
- Lines may add Chennai charges
- Aker splits U.S. unit
- Le Havre boosts boxes
- DHL plans Shanghai hub
- Cargo loss for Air France-KLM
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| NOVEMBER 26, 2007 |
- COSCO Pacific reduces its owned container fleet again
- The Port of Rotterdam achieves record 10 million TEU
- Log-In buy in 2 new boxships
- CMA CGM signs up for Chinese port investment
- Railog opens up new distribution hubs in Germany
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| NOVEMBER 26, 2007 |
- Top to issue shares
US-listed tanker and bulker owner reveals a 21 million share offer that could scoop up $92.1m.
- Cruise crunch?
Owner of lost Antarctic cruise ship faces replacement dilemma.
- Aegean gets price boost
Jefferies analyst hikes target price for Greek tanker owner by 31% on the company's prospect for growth.
- Trico closes Norway buy
US offshore vessel owner completes deal to buy a company holding eight subsea vessel contracts.
- USSP stocks soar
Stock in the New Jersey company jump 23.2% after it forecasts paying its full dividend through 2008.
- Trailer Bridge braces for sell-off
As the McLean family pulls out of the Puerto Rico container barge specialist, Trailer Bridge appoints special advisors to work with the family.
- Mokster inks rescue ship
Norwegian offshore owner orders new unit at compatriot yard in $55m deal.
- Two die on SCI tanker
Crewman and cadet killed when tug rope snaps during berthing of ship at Cochin.
- 14 saved in Iran
Rescue workers recover all of the crew from a sinking ship near the Iranian port of Bushehr.
- BLRT still on the up
Estonian shipyard group increases profit and revenue in first nine months.
- Gdansk woes continue
Poland set to miss EU deadline for selling stake in troubled shipyard, treasury minister says.
- EC clears German broking deal
Green light for ThyssenKrupp and Toepfer to buy into Brouwer Shipping & Chartering.
- GS wants Daewoo
Korean energy group interested in bidding for domestic shipbuilder, if sell-off ever gets off the ground.
- Debt joy for DP World
Port operator's star continues to rise following IPO success, but rumors of a second listing persist.
- Green Reefers slips on costs
Hike in operating expenses, a weak US dollar and larger fleet see owner slump to increased loss in third quarter.
- Boskalis thinks big
Order for two dredgers in Holland just another step in huge ongoing fleet renewal for Dutch owner.
- IHI lands big gain
Japanese shipbuilder to raise $712m from selling land near Tokyo headquarters.
- Aker confirms split
Aker Philadelphia shipyard will bank $25m following its separation from Aker America Shipping.
- Concordia misses target
Swedish tanker owner downgrades 2007 profit forecast after expected upturn in products market fails to occur.
- Conversion score for Keppel
Singaporean yard to convert VLCC into FDPSO for Prosafe which earlier sealed $400m contract off Africa.
- Nautilus calls for safety review
UK union increasingly concerned about far-flung destinations after Explorer sinking in Antarctica.
- Braila beefs up capital
Aker Yards-owned Romanian shipbuilder issues new shares to raise funds.
- HHI bounces back
Shipbuilder reaps the rewards of last week's fall as investors are tempted by lower prices.
- Nichols granted stay of execution
US bankruptcy judge allows shipyard an operating budget for next eight weeks.
- London confirms 17.5%
Heavy claims lead to high end general increase for P&I club that covered the MSC Napoli.
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| NOVEMBER 26, 2007 |
- GSF-ESC: Guidelines shouldn't dilute EC ban on liner conferences
- China Shipping plans Shanghai listing to fund vessel purchases
- McLean family to sell Trailer Bridge shares
- COSCO Busan ordered arrested
- Maersk raises North America to Middle East, Indian Subcontinent rates
- OOIL orders two more 8,600-TEU ships from Chinese yard
- DHL Express to open North Asia hub in Shanghai
- ANA picks IBS for logistics software
- CORRECTION: CBP moves ahead on C-TPAT for air carriers, 3PLs
- Fenway invests in diversified Canadian transport firm
- CSX hazmat cars jump track in Baltimore
- ITC investigates probable impact of U.S.-Israel agricultural free trade
- Clinton spells out import safety plan
- Kuehne + Nagel opens St. Petersburg warehouse
- IBM veteran to handle trade relations for CBP
- Shipco offers guaranteed, expedited U.S. LCL import service
- CMA CGM makes Chinese port move
- Hutchison completes first phase of Lazaro Cardenas expansion
- Nhava Sheva users overcharged, says report
- Construction contract awarded at Cochin transshipment terminal
- Kalmar ship-to-shore orders from European terminals
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| NOVEMBER 26, 2007 |
- Tanker under tow after drifting in Skagerrak
Svitzer A/S had its tug Fenja as first on the scene in Skagerak to pick up the Panama-flagged tanker Astor, which was drifting after a failure on the main engine. The crew were unable to re- start the ...
- Danish naval vessel to Somalia patroling
Denmark seems to have the necessary political will to help with fighting the piracy off the coast of Somalia. In the aftermath of the Danica White case both the Danish navy and the politician are prepared to send a Danish ...
- Simek to build a rescue PSV
Simek AS is to build a platform supply rescue vessel, orderer is shipping company Simon M'kster. The contract is worth EUR 37.5 million and the vessel will be delivered in October 2009. The PSV of Havyard 832 cd rs ...
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| NOVEMBER 26, 2007 |
- Dutch debut for 'environmentally benign' fuel
First ever marine trial underway of a GTL fuel produced by Shell, which the company says could play a part in future fuel solutions.
- Singapore bunker market takes Chinese fuel oil surplus
High prices dampen Chinese appetite for residual product.
- Argentina calls for stricter controls following sinking
Threat to Antarctica's vulnerable environment from cruise ship's bunker fuel.
- Rotterdam market stable
- Fujairah storage set to grow
Terminal operator announces plans for another 1.2 million cubic metres of tank storage space.
- Bunker prices heading for 'dramatic correction'
Japan-based bunkering company believes speculative crude oil bubble is due to burst.
- Dalian, China: New oil terminal berth
- Typhoons threaten Philippines
Disruptions to bunker operations expected at Cagayan de Oro.
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