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| MARCH 29, 2007 |
Shipping News
- PSA said to have won Ecuador terminal deal
PSA International looks to have bagged its first South American terminal after Ecuador's Guayaquil port authority awarded a 20-year concession to a strategic alliance between the Philippine's International Container Terminal Services Inc and PSA.
- French port strike threatens fuel supply
A crippling strike at the strategic Fos-Lavera oil hub near Marseille entered its third week yesterday, threatening fuel supplies to French motorists and gasoline exports to US markets.
- India's Varun to order 11 new ships from S Korea
INDIA's Varun Shipping Co Ltd is expected to order 11 new ships from South Korean shipyards after April 1, with a fleet expansion budget of US$600 million, a company official said late on Sunday.
- Maersk 2006 profit down 19%
- STX Shipbuilding wins order for six bulk carriers
- US House approves Bill to cut ship pollution
- Greenpeace ship can't enter Tokyo port
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- 'K' Line, MISC, PIL to extend Asia-S Africa service
- Sinotrans profit drops 27pc to US$79m on 12pc more turnover
- Ningbo-Zhoushan January-February volume grows 150pc to 1.37m TEU
- Shanghai SIPG terminal's February TEU volume surges 43pc
- Hamburg Sud to call at Adelaide on Trident service
- MOL to establish branch in Gdynia, Poland, April 1
- TUI shipping division Hapag-Lloyd suffers US$141m loss
- ML Vesely appointed MasKargo's cargo GSSA in Austria
- Emirates SkyCargo exec says industry must update e-tech
- DHL Express gains global CEO for aviation
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| MARCH 29, 2007 |
- K Line ,MISC & PIL to upgrade ASA service
- GAC opens Corporate Academy in Dubai
- Sical Logistics to focus more on bulk transportation
- Schenker & BAX Global join hands to offer enhanced logistics services in India
- Summit Global Logistics sets up agency network in Asia
- Russia threatens to curtail Indian farm produce
- VPT hands over EQ-7 as captive berth to Utkal Alumina Int’l Ltd
- GMB sifting through 273 EoIs for 9 port projects
- Capacity burgeoning at non-major ports too
- All India Major Ports cricket tournament begins at Kandla
- Fresh tenders may be invited for study of Andaman port project
- Big houses, retail giants zeroing in on the warehousing challenge
- CONCOR working out terminal user charges for pvt. operators
- Express Transport handles Indore Airport’s 1st export shipment
- Govt plans Joint Task Force with states
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| MARCH 28, 2007 |
- USA appoints FAA counsel
- Grand Alliance to launch Asia-Black Sea service
- BA World Cargo alters summer timetable
- Switzerland will definitely not sell SBB
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| MARCH 28, 2007 |
- New Intertanko chair sets out future vision
- K Line buys half of SAL
- C-MAP enters German market
- EMTA changes Cyprus fuel rates
- MOL opens Japan’s first box terminal solar plant
- Cape Town could lose two thirds of shipping
- Total – bunker industry can meet challenges
- JNPT to build fourth box terminal
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| MARCH 28, 2007 |
- 36.5 MW HTS motor completes key test
- Bourbon invests in crew training
- New Aker Philly deal with HMD includes containerships
- Request to use foreign-flag anchor handlers off Alaska
- Neptune LNG awarded Deepwater Port License
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| MARCH 29, 2007 |
- AP Moller-Maersk profits tumble
SHIPPING and energy giant posts net profit of $2.9bn in 2006 but sees better performance this year.
- AP Moller debates fate of Stralsund with German rival
- Clipper vows to fight pollution charge
TANKER company is latest big name to be indicted in the US for alleged cover-up of oil pollution.
- Torm sells its stake in Norden
DANISH bulk specialist set to reap huge profit from sale of 32.7% stake in Norden.
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| MARCH 28, 2007 |
- Cruise crime agreement confirmed
WASHINGTON, DC 28 March – The cruise industry unveiled a new voluntary agreement with US authorities on crime reporting at a Congressional hearing yesterday
- Intentionally grounded bulker freed
THE Panama-flagged bulker Antilles II, intentionally grounded after losing power, has been freed in Tampa Bay
- Rotterdam negotiators talk double Dutch
THERE is confusion over whether Smit Harbour Towage workers in the port of Rotterdam have returned to strike action
- Salvador prepares for bulker refloat
AUTHORITIES at the northeast Brazil port of Salvador are preparing to refloat the Chilean products carrier Cabo Pilar, which has been aground off the port since Sunday
- Box loss drags mighty Møller lower
A deep loss in container trades and a sharp increase in tax bill reduced the 2006 net profit of AP Møller-Mærsk to $2.69Bn from $3.32Bn in 2005
- Aker Philly expands Hyundai ties
AKER Philadelphia Shipyard has expanded its relationship with Hyundai Mipo Dockyard to cover six additional tankers as well as future container ship newbuildings
- CMA CGM turnover up 33% in 2006
- Migrant Watch: US
- Migrant Watch: Caribbean
- Intertanko's Fistes targets training
- 'K' Line, SAL forge alliance
- Bolivian cruisers banned from Spain
- Clipper vows to fight indictment
- Transnational targets cabotage tankers
- Luna del Mar accused to be released
- Shanghai collision toll now three
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| MARCH 28, 2007 |
- Maersk Line posts $568 million loss
World’s biggest container carrier plunges to a loss in 2006 on lower freight rates, higher fuel bills, lower-than-expected cargo growth.
- Apollo sues to block sale of forwarder EGL to CEO
- Workers vote to continue Marseille port strike
- "K" Line enters heavy-lift market
- CSX urges shareholders to reject 'mini-tender' offer
- ITI chairman warns of intermodal freight ‘ignorance’
- USPS seeks international growth
- NYK Logistics names Americas transportation chief
- DHL opens research center
- Asian Development Bank to aid Colombo expansion
- SCI to buy 12 ships
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| MARCH 28, 2007 |
- Container shipping overshadows APMM profitability
A "substantial loss" in the container shipping division of the AP Moller-Maersk Group overshadowed the group’s DKK16.19bn (US$2.72bn) profit for 2006, said CEO Jess Soderberg today.
- Smit Rotterdam towage down again, as strike renewed
Smit Rotterdam harbour tug crews resumed their strike action this lunchtime, immediately after failure of the first round of talks following Kees Marges’s "evaluation" efforts.
- Zhanjiang Port Group secures RMB5bn funding for port expansion
- Chartering activity slows, after recent fixture frenzy
- Sinotrans 2006 profits fall 28%, due to ocean shipping
- PIL and Offen order new ships
- Hamburg Sud fine-tunes Trident
- Vietnam government identifies strategic stakes
- Canadian Senators address border security
- Clarification: Hapag-Lloyd Europe-ANZ-USEC trades
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| MARCH 28, 2007 |
- Magic pipe fight
Ionia Shipmanagement is fighting ‘improper detention’ of ship and crew but the US claims Katy Therapiotis's company is no angel.
- K Line heavily into Germany
Japanese giant K Line has taken a 50% stake in heavy-lift specialist SAL Group alongside the owning families.
- Zim profits slump
Deeply discouraged full-year and fourth-quarter profits are weighing down Zim’s parent Israel Corp.
- Philly, Mipo in boxship link
The Dave Meehan-led Philadelphia shipyard is looking to Hyundai Mipo in a prospective return to boxship building.
- Tax tumult at Maersk
Danish giant pushed to lower net profit by bigger tax bill in 2006, while boxships and shipyards made significant losses.
- Torm in OMI hunt?
Danish products tanker power looks to be getting serious about bid to acquire Connecticut owner as it markets 32% Norden stake for some $700m, analyst says.
- ABG makes it a dozen
Tug order from Cyprus-based Lamnalco is the twelfth from the company at the Indian yard.
- GFI buys Century
Derivatives specialist snaps up UK broker to build dry cargo business.
- Cash boost in store for Titan
Warburg Pincus invests $175m in China’s Titan Petrochemicals for half of its oil storage unit and shares.
- Baltic calls vital meeting
Share-split up for debate at 19 April EGM on exchange’s future.
- Siat shines
Italian marine insurance specialist lifts 2006 profit by 42%.
- Skarpoe officer arrested
First officer of Cyprus-flagged vessel which grounded in Baltic Sea held on suspicion of being over the limit.
- Yangzijiang plays it safe
Chinese yard marketing Singapore IPO significantly below some industry estimates of $800m.
- Plea to free Rozen 12
Families of general cargoship crew seized by Somali pirates want ransom paid.
- British Marine profit hike
Former insurance club on course for A+ rating as Robert Johnston delivers the results.
- MOL goes it alone
New fully-owned liner agency to replace Vector Shipping as Japanese giant seeks to expand in Poland.
- Halter hauls in PSV
ST Engineering's US shipyard subsidiary to build supply ship worth $23.5m for delivery in 2008.
- Angelicoussis inks STX capes
Greek owner has ordered six 181,000-dwt bulkers at Korean yard with deliveries set for mid 2011.
- Asia-Africa upgrade
K Line, MISC and Pacific International Lines are adding bigger ships and more ports to service
- GO flies charter wing
New chartering subsidiary for Greek bulker owner Global Oceanic Carriers to cut costs and boost profit.
- Hapag goes it alone to Oz
German shipowner going it alone on Europe-Australia/NZ route, ending tie-up with CMA CGM.
- Sinotrans struggling
Chinese freight group dragged down in 2006 by losses from container shipping.
- Bulkers rule
February order haul back over the 1mgt plus mark as yard back log surges to second highest ever.
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| MARCH 28, 2007 |
- Maersk loses $568 million from container shipping in 2006
- U.S. proposes tougher standards to control ocean vessel emissions
- "K" Line buys 50% of German heavy lift carrier, starts joint venture
- China Shipping to issue bonds to pay for new ships
- Clipper Group ship charged with oily water discharge
- Hapag-Lloyd keeping Suez link weekly
- SAECS loop switches U.K. call to Thamesport
- Hamburg Sud's Trident to call Adelaide, consolidate New Zealand calls
- MarAd proposes to allow foreign-flag boats off Alaska
- OOCL names sixth 5,888-TEU vessel
- MacAndrews adding faster ship to U.K./Spain service
- Congress won't stand in way of U.S.-EU aviation deal
- Horizon pushing for RFID readers along highways nationwide
- Norfolk Southern amends stock repurchase program
- Rail ferry service creates first non-stop Germany-Russia link
- U.S. night vision producer to pay $100 million for illegal exports
- Weber opens Northern California logistics hub
- Raza promoted to TGL Pakistan director
- FMC reviews 21 OTI license applications
- Israel joins CSI
- Marseilles port strike continues
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| MARCH 29, 2007 |
- Sea officers fear criminal repercussions
Seagoing officers leave their jobs for fear of criminal repercussions in case of accident, which they always do their utmost ...
- Drunk mate sailed his coaster ashore on Bornholm
The mate on the German owned coaster Skarpoe was arrested yesterday by the Police in Hasle on Bornholm. The coaster ...
- Baltiyski-102 refloated
Baltiyskiy-102 that grounded on Neugrund on Sunday, was refloated on Tuesday after having discharged the cargo of forest products ...
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| MARCH 28, 2007 |
- Bunker costs hit Maersk's bottom-line
Freight rate surcharges only partially compensated increases in bunker prices.
- 'Insufficient data' to judge impact of SECA
Still too soon to say if Baltic sulphur emission control area has brought environmental benefits.
- India's bunker market shows signs of change
Private port operators now see bunkering as a natural extension of their business.
- Titan finds strategic investor
Private equity company to invest $175 million as China terminal plans move ahead.
- Rotterdam: Congestion at installations
- Tanjung Pelepas terminal moves ahead
Malaysian joint venture company says it has won the right to develop the petroleum hub and bunker terminal.
- Singapore premiums dip below $10
Buyers holding back and awaiting bunker prices to drop further.
- INTERTANKO appoints new chairman
Newly elected chairman Nick Fistes sets out his vision for the tanker industry.
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