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| AUGUST 28, 2007 |
Shipping News
- Daewoo to build biggest floating dock
Daewoo Shipbuilding & Marine Engineering Co, the world's third-biggest shipbuilder, said it will build the world's largest floating dock to accelerate production of container vessels as ship orders soar to a record.
- Dalian may up container rates on China trade
Dalian Port (PDA) Co, operator of northern China's second-busiest container harbour, may raise rates this year because government initiatives are fuelling trade in the region.
- China Cosco H1 profit drops 8.4% to 968m yuan
China Cosco Holdings Co Ltd, the listed flagship of the country's premier shipping conglomerate, late on Sunday posted an 8.4 per cent fall in first-half earnings, as higher operating costs outweighed revenues from improved shipping rates.
- Hawaii's 1st passenger ferry service sets sail
- No injuries in fire at Jebel Ali port
- Newcastle ship queues lowest since Jan
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| AUGUST 28, 2007 |
- China Shipping, `K' Line, Yang Ming, Zim to start new Asia-Black Sea service
- Cosco Pacific's H1 net profit rises 9pc
- Evergreen, Wan Hai Lines to offer Japan-Thailand service
- Dalian expands port area
- CMA CGM boosts bamboo-floored container fleet
- LA extends comment period for box terminal expansion project
- Cargolux adds sixth flight to Mexico City
- ACT Airlines orders two A330-200 freighters
- Volga-Dnepr, Motor Sich, ADB agree to resume production of AN-124-100F
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| AUGUST 28, 2007 |
- Sarjak Container Lines appoints Tiger Logistics as agent for entire N. India
- Govt modernising Mercantile Marine depts
- With spate of orders in hand, HSL upgrades design centre
- DGS may allow inland vessels to ply coastal routes
- Hamburg-Sud upgrades Asia-Australia/NZ service
- COSCO wins orders worth $ 708 m
- GGL Line launches Singapore to Europe groupage services
- Fesco purchases Vladivostok port operator for $ 180 m
- Hutchison Port H1 earnings rise by 10 pc
- Cosco Pacific H1 net profit rises by 9 pc
- UASC newbuild construction begins
- INTTRA joins Deloitte’s Tech list
- CMB acquires stake in Anglo-Eastern Group
- MOL car carrier earns Washington environmental honour
- WTSA lines to increase rates for forest products
- Penang Port target of three takeover bids
- Tianjin signs cooperation deal with Sinotrans
- NYK Line Pakistan opens for business
- Panalpina Pearl River Delta wins ISO 9001 accreditation
- Bear Stearns unit to acquire MC Shipping
- ASF appoints top Cosco official as Secretary-General
- Only BIS certified tyre imports to be allowed
- No decision yet on milk powder export ban
- India, Japan to aim at $ 20-bn trade by 2010
- STC floats tender for wheat import
- Europeans take a fancy to yellow onions
- High MEP may hit exports
- FTA with Asean in sight
- Indian post forays into airfreight
- Delhi-Mumbai freight corridor awaits Japanese push
- With European freighter service a success, AI eyes new destinations
- Robust growth in direct tax collection
- Govt may allow states to acquire 50 pc land for SEZ developers
- FinMin seeks Law Ministry’s view on currency swap pact with Japan
- FinMin may put extra drawback claims on automatic route
- Corporate India feels tremors of political instability
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| AUGUST 27, 2007 |
- SBB Cargo management reshuffled again
- Antwerp introduces electronic access pass
- Lufthansa confirms interest in bmi
- AN 124-100 production restart in sight
- Face-lift for Maschen marshalling yard
- Hellmann offers new 48 h service to UK
- India Summit, 3-5 September 2007 in Mumbai (India)
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| AUGUST 27, 2007 |
- Samsung wins $1.34 billion containership order
- Daewoo to build $149 million floating dock
- Austal sues Incat
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| AUGUST 27, 2007 |
- Washington State sees small gain in imports for first half of year
- Evergreen/Wan Hai come together on enhanced Japan to Thailand service
- Dr. Riley Moore named to Port Olympia planning board
- Harmful insect intercepted at Blaine port of entry
- FIDELIO chief engineer hit with pollution charge
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| AUGUST 27, 2007 |
- Genco prepares 'war chest' with shelf filing
DRY bulk operator files with US regulators to raise up to $525m in the capital and debt markets.
- Genco buys six bulkers for $336m
- Platou eyes IPO
NORWEGIAN shipbroker looks set to persevere with plans to become the first of Norway’s leading shipbroking houses to seek a stock market listing.
- Mercator Singapore plans stock listing
SUBSIDIARY of India's second largest private owner plans to raise $150-200m through an initial public offering.
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| AUGUST 27, 2007 |
- Alaska accident cause disputed
IMC Shipping has agreed to pay $10M in fines and fees over the grounding of the Selendang Ayu, but disagreement persists on the cause of the accident
- Port Klang scores $1Bn bailout
A billion-dollar government bailout will provide Malaysia’s Port Klang Authority (PKA) with a ‘reprieve’ from its financial woes
- Three dead at Kawasaki Kobe
THREE workers were killed at the Kobe yard of Kawasaki Shipbuilding this weekend when part of a crane collapsed
- PT Arpeni unveils mega-yard plan
PT Arpeni, one of Indonesia’s largest shipping majors, plans to build Southeast Asia’s ‘largest’ shipyard
- Heart pills ignite bomb scare
CARNIVAL Cruise Line’s Celebration was delayed six hours on Friday after a passenger's heart medication alerted bomb-sniffing dogs
- Union warns on Puerto Rico plan
STEVEDORES are objecting to the Puerto Rico government’s plan to shift general cargo terminals from San Juan to Ponce
- Hawaiian surfers block ferry
- Engineer faces 'magic pipe' charge
- 'Ghost ship' quintuplet exorcised
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| AUGUST 27, 2007 |
- TraPac terminal in Port of Los Angeles loses ocean carriers to Long Beach
China Shipping, CMA CGM and consortium of ocean carriers depart over delay in plans for on-dock rail.
- Washington state voters reject port development tax
- Customs urged to emphasize ag inspections
- Pilots' strike at Antwerp port
- Vessel engineer charged in 'magic pipe' case
- Maersk adds another 11,000-TEU container ship
- WTSA hiking wastepaper rates a second time
- Carrier pays spill fine
- DHL expands Baltimore air hub
- Nehru port terminal to bar transship boxes
- Japan, Asean nations reach free-trade deal
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| AUGUST 27, 2007 |
- All rosy at U-Ming
Nothing off about Taiwanese bulker owner’s first-half result as profit and revenues soar.
- Four score for STX
Korean builder wins $215m order for a quarter of bulker from unidentified European owner.
- Eidsiva earnings punctured
Norwegian car-carrier and ro-ro owner sees second-quarter profit deflate due to technical problems and upgrading work.
- Eight more for Samsung
Korean shipbuilder grabs another $1.3bn order for a boxship octet from a mystery European owner.
- Japan police probe crane deaths
Investigation into suspected ‘professional negligence’ underway at Kawasaki Heavy Industries as three killed.
- Genco seeks cash
US-listed Greek bulker owner files $525m shelf registration with US regulatory authorities.
- Cat fight
Aussie ferry builder Austal Ships sues rival over ‘false performance reports’ sent to ferry operator.
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| AUGUST 27, 2007 |
- Four liner carriers start Black Sea/Asia service
- Seaway draft restriction set between Montreal and Lake Ontario
- American announces future flights to Milan, Barcelona
- Aeroflot Cargo to add MD-11s
- Pennsylvania seeks tolls on I-80
- More recalls have China, importers scrambling to shore up consumer confidence
- Commerce’s Mancuso discusses high-tech trade with Israel
- U.S. exporters seek more time to comment on CCL review
- USDA 2008 raw sugar import quotas released
- Diseased plants discovered at JFK
- Panalpina opens new Columbus, Ohio office
- Los Angeles port loses three shipping lines to Long Beach
- Crows Landing details set to be reviewed
- Vancouver Wash. port regroups after development tax measure fails
- COSCO Pacific disposes shares in Hong Kong bank
- Indonesian businessman to build shipyard
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| AUGUST 27, 2007 |
- Norwegian owners to get new tax package
Norway’s leftist government contemplate a move to annul NOK 20.0 billion worth of deferred taxes due from ship owners based ...
- Worry of over-ordering of offshore vessels
There is a growing worry that over-ordering of offshore vessels will lead to a weaker market. A number of ...
- Better winds for DFDS in the first half of 2007
DFDS had a better first half of 2007 than expected. The turnover increased with some 15 per cent to a ...
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| AUGUST 27, 2007 |
- Shipowner receives bunkering praise
MOL singled out for 'high marks' for its eco-friendly operations.
- Fuel oil tax to rise
Russia increases export duty to around $97 per metric tonne.
- Bunker costs eat into profits
China Cosco Holdings expects high fuel and transhipment costs to continue for the rest of the year.
- Fall in fuel oil exports from Iran
Less product arriving in Fujairah bunker hub.
- Rotterdam market firming in line with crude
- Malaysian company sees growth in cargo handling and bunker operations
Results show 100% growth in turnover for port operations and bunkering.
- Ibiza oil leak resurfaces
Sunken ferry leaking oil again after more than six weeks under water.
- September Asian fuel oil influx at 10-month low
West-to-East arbitrage window still closed; September fuel oil influx down from August.
- Singapore keeps its competitive edge
Singapore is well placed to defend its position as the world's leading marine fuel market, according to bunker players.
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