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| AUGUST 29, 2007 |
Shipping News
- Boomtime for shipping firms as rates rise, supply tightens
Shipping companies are sailing through this month's turmoil in financial markets and shareholders are poised for annual returns above 20 per cent.
Strait Talk
- Training ships make a comeback
THIRTY years or so ago, training ships for merchant vessel officer cadets were starting to be seen as things of the past.
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| AUGUST 29, 2007 |
- Safmarine to launch 2nd Asia-W Africa service in September
- Maersk names sixth 11,000-TEU vessel
- Hong Kong to participate in Secure Freight Initiative
- Chongqing railway freight station to be expanded
- AADA to levy increase on shipments to Australia
- Nansha berth quartet set to open next month
- PHA commission considers US$25m for construction contracts
- Shanghai-based cargo carriers apply for China-US route
- Pudong Airport to open cargo terminal in 2008
- American Airlines to bolster service to Europe from JFK
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| AUGUST 29, 2007 |
- Pipavav Shipyard wins mother of all orders!
- Mega boxship set to sail into Maersk Line�s global service
- L&T to raise Rs 2,800 cr. through GDRs for shipyard building
- With spate of orders in hand, HSL upgrades design centre
- MOL India opens new office in Gurgaon
- LoC trade list drawn up
- BIS clears cement imports from 2 Pak cos
- IMPSEZ�s 2nd box terminal swings into operation
- Talks to avert port workers� strike yet to yield fruit
- 111 projects for shipping sector identified under NMDP
- Indore Exim Assn to meet CONCOR officials tomorrow on ICD issues
- AEPC sets up 1st management institute in Gurgaon
- FinMin forces govt review of proposed DEPB rate hikes
- Industrial corridor to open up plethora of opportunities for pvt. infrastructure cos
- Gujarat bets big on industrial corridor
- Rise in interest rates, appreciating rupee may slow down growth-Ficci survey
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| AUGUST 28, 2007 |
- F.X. Kögel, founder of Kögel trailers, passes away
- Evergreen/Wan Hai launch new intra-Asia service
- BA and Korean admit price fixing
- Aeromexico on verge of being sold
- 17111 to cooperate with RH Freight in UK
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| AUGUST 28, 2007 |
- AB missing after attack at Belawan
- New Asia-Black Sea service
- Deep Sea's good quarter
- Jebel Ali fire
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| AUGUST 28, 2007 |
- Hawaii Superferry temporarily suspends services
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| AUGUST 28, 2007 |
- Peter Döhle books more 12,000 teu vessels
GERMAN shipowner orders four more giant boxships from Samsung, with options for another quartet.
- Peter Döhle confirms giant boxships order
- Brussels mum over EU coastguard plans
COMMISSION stays clear of controversy despite query in European Parliament.
- Canadian shippers slam US 100% box scanning
CANADA'S shippers and port circles join attack against US plans to introduce 100% screening by 2012.
- The Jefferies' story comes full circle
THE maritime investment banking arm of Jefferies has continued to grow and now aims for a quantum leap.
- Show me the money
P&I club executives wring their hands and groan when US jurisdiction is allowed but it is just a fact of maritime life.
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| AUGUST 28, 2007 |
- Alaska accident cause disputed
IMC Shipping has agreed to pay $10M in fines and fees over the stranding of the bulk carrier Selendang Ayu, but rejects allegations that poor maintenance led to the ship's grounding
- Bangla ports resume as curfew lifted
CHITTAGONG and Mongla ports in Bangladesh have returned to normal operation with total withdrawal of the curfew from 0500 today
- L&T to raise $700M for shipyard
INDIAN engineering giant Larsen & Toubro is raising Rs28Bn ($700M) through global depository receipts, most of which will be used to build a new shipyard
- Court blocks Hawaii Superferry
THE Maui Circuit Court issued a restraining order yesterday that prevents Hawaii Superferry's new Alakai from calling in that island
- Indian inlanders to trade coastal
INDIA'S Director General of Shipping is preparing a plan to allow inland vessels to trade on coastal routes
- Thai shipping hit by surging baht
THE Thai baht's strengthening against the US dollar is hitting shipments of Thai goods to key markets
- Ghost ship quintuplet exorcised
- Engineer faces 'magic pipe' charge
- Dockers warn on Puerto Rico plan
- Heart pills ignite bomb scare
- PT Arpeni unveils mega-yard plan
- Crane collapse kills three at Kawasaki
- Anger over $1Bn Klang bailout
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| AUGUST 28, 2007 |
- Maher suspends Saturday gates
Maher Terminals halts Saturday gate operations at its New Jersey terminal because of insufficient traffic.
- U.S. steel imports drop
- Balboa joins CSI ports
- Portland TEUs rise 38%
- Bayport contracts approved
- "K" Line sets Asia�Black Sea service
- Panama Canal begins bid process
- Sinotrans, National Retail Systems form joint U.S. venture
- Export ABCs: Export Terminology
- Talks seek to end strike by Antwerp pilots
- U.S. shrimpers denounce end of Ecuador duties
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| AUGUST 28, 2007 |
- Pay talks break down, Brazilian inspectors strike again
- South American agency control for NYK
- New Asia � Black Sea service for carrier quartet
- CMA CGM bamboo boxes save rainforest
- Los Angeles loses out to Long Beach as consortium defects
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| AUGUST 28, 2007 |
- Greek bulkers head MCA list
UK authority makes nine new detentions in July including Euroseas and Newfront vessels.
- Surya plans new yard
Indonesian shipowner to spend $230m on building new facility in Batam, south of Singapore.
- Odense workers guilty of theft
Two former workers convicted of stealing equipment from Danish shipyard.
- CMES adds six more
Two Chinese yards to build a VLCC and five capesizes for aggressively expanding domestic owner.
- Taiwan Navigation recovers
Taiwanese bulker owner posts first-half revenue and profit rises after last year�s slump.
- Grindrod steps down
Chairman of eponymous South African shipowner calls it a day after 50 years with Ivan Clark stepping up to the plate.
- Crew cleared of drug smuggling
No evidence against five crew on Viken bulker accused of bringing marijuana into Turkey.
- Box quartet targets Black Sea
K Line, Yang Ming, CSCL and Zim go head to head with Grand Alliance from Asia.
- Okskaya wins cargoship order
Russian shipbuilder to deliver small vessel to Azov-Don Shipping later this year.
- Ship hits Kiel lock
Collision in Kiel Canal leaves lock door unable to open but German boxship suffers no damage.
- Sales hurt Eidesvik
Reduction in fleet size and weaker rate for one unit sends revenue and profit down at Eidesvik Offshore.
- More in the tank at Lasco
Profits continue to grow for Lativan owner boosted by performance of products tankers.
- Hurtigruten cruising out of red
Norwegian cruise and ferry group hopeful of break-even result in 2007, erasing last year�s losses.
- Sincere sees profit soar
Gains from overseas investments add to revenue rise in first half for Taiwanese bulker and tanker owner
- North Sea lifts Deep Sea
John Fredriksen offshore support vessel outfit posts highest ever quarterly revenue figure as spot rates jump.
- BW Offshore back with bang
Oslo-listed production vessel player returns to profit in first half after delivering big FPSO conversion into Gulf of Mexico.
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| AUGUST 28, 2007 |
- China COSCO's first half profit down 8%
- Genco looks to raise $525 million from securities sale
- Emma Maersk gets another sister: Elly
- NYK buys 60% stake in South American agency
- Maruba joins Asia/Med trade aboard new China Shipping service
- Standard & Poor�s upgrades "K" Line bond ratings
- Report: Precious Shipping delays bond sale
- NASSCO starts work on product carriers for U.S. Shipping Partners
- Sea Star promotes two
- Eimskip selling remaining 49% stake Avion Aircraft Trading
- FedEx starts new U.K. freighter service
- Buffett increases BNSF stake
- BNSF adding $80 million third track to Cajon Pass
- UP starts construction of San Antonio intermodal terminal
- SAIC wins billion-dollar Defense contract
- USDA 2008 raw sugar import quotas released
- Bhatia to leave USTR post
- Trans Global Logistics names Goh as China director
- Minor delays caused by Jebel Ali fire
- New container crane for Port Manatee
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| AUGUST 28, 2007 |
- BW Gas boss accuses Norwegian government
BW Gas boss, Jan Håkon Pettersen, accuses the Norwegian government of going back on its promises that the around NOK ...
- New owner of C Express scrapped Danish ferry in 2005
One reason behind the Finnish environment agency SYKE unwillingness to regard information from the new owner of the ferry Casino ...
- New container line Norway�UK/Continent
A new container line � established by Tschudi Shipping Company and the agency network Norwegian Transport Network � will start a weekly ...
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| AUGUST 28, 2007 |
- Residual ban could undermine Rotterdam market
Dutch study says Rotterdam could lose the advantages that have made it a global bunker hub if there was a change to distillates.
- Ship operator hedges its bunker bills
DFDS says it has signed �price-adjustment agreements�.
- Damaged pipeline disrupts IFO supplies
Karachi and Bin Qasim bunker markets face shortages.
- Rotterdam market continues to firm
- Saudi Aramco offers spot fuel oil cargo
September-loading cargo offered for lifting from Yanbu refinery.
- OPEC output enough, Iran says
Iranian minister does not expect any change to OPEC oil output ceiling.
- Hong Kong: Supply shortage on cargo delay
Fresh cargoes scheduled to arrive next week.
- South Korea avails to tighten
Bunker supplies expected to tighten from September on refinery maintenance.
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