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| OCTOBER 29, 2007 |
Shipping News
- Northport puts back move to cut free storage period
Northport (Malaysia) Bhd at Port Klang has deferred the move to reduce the free storage period for containers, which was to take effect from the beginning of next month.
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| OCTOBER 29, 2007 |
- TS Line launches second China-Persian Gulf service
- Senator Lines to join new China North Express (CNX) service
- Taiwan's HCT Transportation to set up logistics base in Taicang
- Sichuan-HK joint venture aims to be biggest trucking company in SW China
- Coscon starts work on Shanghai container depot near Yangshan
- Kazakhstan's STL logistics opens Singapore office
- Tolerance for error fades fast in supply chain management, says Oracle
- Boeing posts 61pc third quarter profit rise to US$1.1 billion
- Changi Airport's new Terminal 3 attracts four more airlines
- Dongguan promotes air-land intermodal among overseas carriers
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| OCTOBER 29, 2007 |
- Schenker receives award for best reputation and highest brand recognition
- ESM to open SIMS Pre-Sea Training Institute on Nov. 1
- MMTC floats tenders for imported pulses
- Italy keen to boost trade with India
- SEAI seeks lifting of palm oil import curbs at Cochin Port
- L&T plans 2 mega ports on East, West coasts
- Himatlal Tribhovandas Shah & Co. awarded coveted ISO 9001:2000 certificate
- Niraj Gupta takes over as Executive Director (Logistics Services), Balmer Lawrie & Co. Ltd
- PM concerned over slow progress of infrastructure projects
- Service tax sops for more activities in SEZs likely
- MPs panel planning to visit SEZs
- No SEZs ignoring opposition of locals, assures Kamal Nath
- New IIP on the drawing board
- IFLORA seeks export incentives in line with WTO norms
- Meeting with Polish team at IMC today
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| OCTOBER 26, 2007 |
- SBB CFO steps down
- Senator Lines to partner new China North
- Swiss scaling the heights
- Eurotunnel: new rail freight pricing structure
- Transmec starts expansion in Redditch, UK
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| OCTOBER 26, 2007 |
- Cargo fraud warning
- LR's record year
- FEFC plans business as usual until last moment
- Profit up at Finnlines
- Lower figures from Exmar
- Slower Q3 for Bocimar
- Anglo Eastern joins welfare group
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| OCTOBER 28, 2007 |
- BAE to upgrade S.F. dry dock to take mega cruise ships
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| OCTOBER 26, 2007 |
- Port of Seattle CEO adding new staff member
- US rail freight traffic has down week
- Mitsui to outfit seafarers with improved life jackets
- Truck tonnage index sees gains during September
- US Merchant Marine Academy names new Engineering Department head
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| OCTOBER 26, 2007 |
- Cardy takes axe to MCA headcount
THE Maritime and Coastguard Agency is set to sack over 20% of its Southampton head office staff - including a number of the top brass.
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| OCTOBER 26, 2007 |
- BP to pay $373M fines
BP America has apologised after agreeing to pay over $370M in fines for a litany of misdeeds
- APM buys into Ecuador
APM TERMINALS confirms that it has purchased of a 51% stake in Alinport SA, a new greenfield container terminal project in Posorja, Ecuador
- Scrapper wins four-year scrap
A UK businessman has won a four-year planning battle to build the world's largest dry-dock and recycling facility on a Teesside site in northern England
- Ferry service hovers on brink of reality
THE operator of a proposed hovercraft commuter service in Scotland is keen to move ahead with the project after a trial suggests it could attract thousands of passengers
- EC snuff ban not to be sniffed at
ECKERÖ Ferries is considering re-flagging its vessels in Sweden following a European Commission ban on selling snuff onboard its ships
- Small spill could still get big fine
- Norway bags slice of Shtokman
- Keppel on guard for Forex fraud
- Costly fuel prompts new charge call
- End in sight for easy Eire-UK hops
- Ports reopen as search continues
- DP World turns down coastal cargo
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| OCTOBER 28, 2007 |
- Port of Los Angeles-Long Beach scraps parts of clean truck plan -- for now
Port officials drop, temporarily, most controversial parts of program in effort to speed new measures aimed at truck pollution.
- JoC Breakbulk Conference opens in New Orleans
- JoC Breakbulk Conference: Projects send rates soaring
- U.S. may waive HMT for Great Lakes traffic
- CMA CGM upgrades Vasco route
- China powers Matson profits
- APM Terminals buys Ecuador container terminal
- NYK liquidates Panama unit
- COAC meets Nov. 16
- Kandla withdraws surcharge
- Canada lowers FAST card fee
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| OCTOBER 26, 2007 |
- Strike averted at Itajai
- Shenzhen's ports still posting strong growth
- MOL adds Hibiki to CBW schedule
- ELAA Plots the Way Forward in a Conference Free Europe
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| OCTOBER 26, 2007 |
- China pays off
Matson Navigation's China service gives a push to third-quarter earnings at Hawaii property owner and liner operator Alexander & Baldwin.
- Refinancing's bite
Horizon Lines' third-quarter profit plunged due to refinancing, but revenue increased by 5.4%.
- FreeSeas eyes handies
Varouxakis lines up buying spree following yesterday's $90m shares sale.
- Two die at Tidewater
Tidewater chief Dean Taylor reveals that two Tidewater crewmen are among those that died in a platform accident off Mexico.
- Log-In logs a boost
Docenave offshoot Log-In Logistica Intermodal posts $12.2m in third-quarter profits, nine times its profits before the Brazilian company's restructuring last year.
- Tidewater profits down
Net earnings at US offshore vessel owner sink 17% compared to a third-quarter 2006 that saw an 11-vessel sell-off.
- Seven dwarves for Alam
Malaysian owner not bashful about paying $121m for three AHTS units and four others.
- Grounding in Scotland
Re-float efforts fail after Hellenic Star Shipping bulk carrier runs aground on the River Clyde.
- Geden gets gold
Mr Asset Play, Tugrul Tokgoz, takes time out from TradeWinds' Turkish summit to further resale success with capesize coup.
- Aker to build LNG ferries
Norwegian shipyard company inks deal to build three LNG-powered ferries to operate between Oslo and Nesodden.
- Turkey set to expand yards
Transport minister, Binali Yildirim, spells out shipbuilding expansion plan to meet needs of growing national fleet.
- Danaos chugs forward
With no bulkers, US-listed boxship owner sees third-quarter net slip 2.5%, but nine-month profits jump a whopping 142%.
- We'll be back!
Delegates call for a further Turkish talkfest as Istanbul shipping summit draws to a close.
- Seaarland and TB tie knot
Seaarland expands into Germany following joint venture with TB Marine-Hamburg.
- Mexican rose-tinted glasses
Grupo TMM president highlights positives in quarter which saw Mexican owner book $45m loss.
- Heavyweights land killer blow?
Port Rashid's container activity could cease by the end of next year as it struggles to deal with big boxships.
- Aegean slumps on offer news
Shares in US-listed bunker player fall close to 20% after founder looks to offload 6.5m shares.
- Traditional changes
Conservative Turkish owner Kaptanoglu Shipping Group has diversified in recent years, says owner Sadan Kaptanoglu.
- Unity plans at Fesco
Russian owner to set up central managing company to bring disparate business parts together.
- Dunya defends delays
Yard delivery drag is down to hefty orderbook according to Suay Umut.
- GSI brings it home
Hong Kong-listed builder backs up tough talk with strong third quarter showing.
- ISC returns to the black
International Shipholding Corp back in profit in third quarter despite discontinued LASH operations.
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| OCTOBER 26, 2007 |
- International Shipholding reports improved results
- CMA CGM starting Dunkirk/Morocco service
- MOL names LNG carrier
- Russian billionaire eyeing Italian cargo airline
- YRC reports lower earnings, weak domestic market continues
- YRC Worldwide makes management changes
- Infrastructure challenge poses double danger for ag growers
- Paulson calls attention to India's infrastructure needs
- Confreight/Vanguard to build Antwerp's biggest consolidation warehouse
- SoCal ports set to approve stripped-down drayage overhaul plan
- Maher Terminals gets new leaders
- Court overturns injunction, allows Calif. to enforce emission regs
- Shanghai International to raise box handling fees
- Port of Rotterdam box volume up 13% after nine months
- "Unacceptably high" risks for proposed Weaver's Cover LNG terminal
- Kuehne + Nagel opens sea freight terminal in Sweden
- Beckett joins Port of Seattle
- New Orleans funds Katrina repairs
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| OCTOBER 26, 2007 |
- Swedish enterprises demand cleaner shipping
Nine large Swedish export enterprises, among them Preem Petroleum and Stora Enso Logistics, have agreed to demand tougher environmental measures by shipping companies in sea transport purchases. The list of criterias exceeds already accepted international legislation. The environmental measures ' Clean ...
- Esvagt names third vessel from Singapore
Esvagt A/S named their latest new building from Singapore yesterday at Esbjerg. The ship was named Esvagt Carina in a ceremony with Norwegian Berit Axelsen, StatoilHydro, as the sponsor. The new ship will shortly take off for Norwegian waters ...
- Norway to procure new rescue helicopters
Norway has begun the process to procure new up to 12 or more rescue helicopters to replace the 34 year-old Sea King units. In view of the new defence cooperation between Iceland and Norway, the number of new helicopters ...
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| OCTOBER 26, 2007 |
- Shipowners respond to emissions challenge
Fuel switching, cold ironing, and other initiatives all being adopted.
- 'Scrubbers is a dirty word'
Debate over mitigation taking centre stage at ship emissions forum.
- Escalating bunker price pressure forces rethink
Container shipping lines will seek new fuel charge structure to 'share the burden' of rapid escalation in fuel cost.
- Rotterdam market very firm
- Singapore bunkers break $500 mark
Asian ports hit unprecedented bunker price levels today on the back of surging crude.
- Suppliers refusing credit for spot buyers
Sri Lankan players say the policy is damaging prospects for growth.
- KPC offers spot 380 cst parcel
Prompt 380 cst cargo taken as sign that supply shortages may be easing in the Middle East.
- Oil soars above $90
Oil prices rally on tight US oil inventories and geopolitical tension.
- Singapore: Stocks of residual fuel, distillates fall
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