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| APRIL 30, 2007 |
Shipping News
- Johor Port's cargo proposal runs into opposition
CONTAINER shipping lines calling at Malaysia's Johor Port have voiced their opposition to a proposal to shift all containerised cargo to its sister Port of Tanjung Pelepas .
- US ship upgrading rules to hit Asia
GROWING pressure on the US government to enforce rules prohibiting overseas upgrading and rebuilding of US ships may start deterring shipowners from skirting the law and having the work done in Asia, industry sources said on Friday.
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| APRIL 30, 2007 |
- Bulk buoys MOL profit 6pc, but container earnings fall 91pc
- Evergreen subsidiaries to sail under same flag
- Container line opens between South Korea and Vladivostok
- Dangerous goods incidents a growing menace: TT Club
- US share of global box trade falls from 16-11pc
- GTS offers ship-to-ship transfer service in Malacca Strait
- UAL suffers Q1 net loss of US$152 million
- Hactl moves two pandas through airport to new HK home
- BA seeks partners to takeover Iberia
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| APRIL 30, 2007 |
- Evergreen Line name effective from May 1
- Europe may slam doors on 200 ships
- Maersk Line named best global shipping line for 14th consecutive year!
- Nile Dutch increases feeder frequency along West African coast
- Pakistan likely to grant India MFN status
- Garment exports from Tirupur cross Rs 11,000 cr.
- MoS directs Ports to pay workers’ bonus arrears
- Ashwin Muthiah appointed new Chairman of Sical Logistics
- Nation’s 1st international LCL transhipment hub opened at CWC’s D’Node CFS
- Allcargo handles 1st air cargo CBT at ICD-Nagpur
- Cabinet nod to pursuing warehousing Bill
- Preeti Sheth elected AIEC President, Ashwin Savani V-P
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| APRIL 27, 2007 |
- New board chairman for Panama Canal Authority
- Lübeck throughput grows in Q1/2007
- Etihad transferring German airfreight services to Frankfurt Hahn
- Geodis sales grow in Q1/2007
- Rail tunnel under the Bering Strait?
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| APRIL 27, 2007 |
- EESC calls for hands-off EU ports policy
- Belships' strong Q1
- Sealift's US$200m private placement
- "K" Line slow steams for the environment
- Rina's record growth
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| APRIL 29, 2007 |
- $100 million order for Bangladesh shipyard
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| APRIL 27, 2007 |
- AIGGIG/Lincolnshire buying port operation firm, AMPORTS
- Alaska Airlines expanding fleet of Combi aircraft
- Princess announces vessel count for 2008 Alaska cruise season
- Truck tonnage index sees second straight monthly gain
- US rail freight traffic rolls to up/down week
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| APRIL 27, 2007 |
- Dockwise and Sealift to merge
HEAVY-lift rivals are joining forces to create a $2bn business which will be the market leader in this hot niche area of the industry.
- Sealift confirms consolidation talks
- Costa strikes back at barge ruling critics
TRANSPORT committee chairman contradicts claims that the inland waterway industry will be excluded from the Brussels passenger liability regulation.
- Rickmers sets IPO price
SHARES in the newly-listed Trust will be sold for S$1.57 each in the shipping trust's S$266m ($184m) Singapore offering.
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| APRIL 27, 2007 |
- India close to major LNG supply deals
BARCELONA April 27 – India’s Petronet LNG is in talks with the Chevron-led Gorgon LNG project in Australia over a 25-year gas supply agreement
- Casualties as ferry hits sandbar
AT least 15 passengers are dead, dozens injured and an unknown number missing after a ferry grounding this week off the Haitian town of Jeremie
- India to seek yard subsidy extension
INDIA'S shipping ministry is to ask the cabinet to extend shipbuilding subsidies given to domestic yards beyond August 2007
- Festival executives must pay €5M
A court in Genoa, Italy, has ordered a number of former senior executives of bankrupt Festival Cruises to stump up €5M from their personal assets
- Chevron settles NJ spill case
CHEVRON has agreed to pay $1M as a settlement to close the case of its 103-tonne oil spill that occurred in February
- ICG bidders hit by due diligence delays
A consortium that would like to bid for Irish Continental Group claims it has not yet been shown important financial information
- DMHI workers issue warning
- AIG adds Amports to portfolio
- Genesis test may prompt cruise exodus
- Gadani breakers need continuity
- Putin calls for Caspian-Black Sea canal
- Posco, Hyundai swap shares
- Vietnamese seek THC hike delay
- Sealift raises funds, expectations
- Australia aims for Asian arbitration
- Cosco orders under auditor scrutiny
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| APRIL 27, 2007 |
- Pols concerned over TWIC deadline
House lawmakers irked after hearing, express doubt that security agency will meet July deadline to implement port worker ID card program.
- House panel grills DHS over security program delays
- Pre-clearance scrapped after U.S. breaks off Canada talks
- Japan, U.S. to test anti-terror box tracking
- Evergreen Line, Cosco plan Straits-Red Sea shuttle
- Hapag-Lloyd christens new box ship
- "K" Line to cut car carrier carbon dioxide emissions
- Far Eastern Freight Conference hikes fuel fees
- AA Cargo hikes fuel charge
- NYK gets Poland warehouse
- Alaska Air adding more jets, cargo capacity
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| APRIL 27, 2007 |
- Shippers warn ocean carriers on service levels
Ocean carriers have come to live with much criticism in recent years.
- JNP on a high
- Carriers climb into China/South East Asia trade
- Evergreen/Coscon start new FE/Red Sea service
- Hapag-Lloyd adds post-panamax ship
- Busan expects US FTA boost
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| APRIL 27, 2007 |
- Troim strikes again
Frontline spinoff Sealift Ltd is taking over Dockwise after a $200m private placement.
- Going domestic
DnB NOR is ahead of the crowd in going after China’s home fleet, but Espen Lund tells TradeWinds' China conference it’s not all been plain sailing.
- K-Sea growth pays off
Tim Casey-led K-Sea has more than tripled its bottom line and the expanding tank-barge operator expects more.
- Baltic Dry tops itself
London’s Baltic Exchange reports that the Baltic Dry Index topped its previous all-time high today.
- Svithoid starts with loss
Swedish tanker owner pushed into red by costs in first quarter.
- St Petri brings $38.5m
German buyers are said to have paid $38.5m for the 47,000-dwt products tanker St Petri (built 2000) according to late broker reports.
- Taps flow at FOE
Norwegian driller Fred Olsen Energy sees profit leap in first quarter as finance costs dwindle.
- Master in spill probe
Fesco captain and chief engineer questioned by Finnish police over oil slick off Turku.
- Tougher for Tallink
Costs rise across board for expanding Estonian ferry player, with first-half profit consequently slashed.
- Green giant
China could be a major boost for the Green Award, but it’s not going to happen over night.
- Neste dips
Finnish tanker owner and charterer’s first quarter profit slightly down on 2006 as time-charter costs rise.
- D’Amico IPO flies
Italian shipowner’s product tanker division nets EUR 210m in five-times oversubscribed Milan offering.
- Five injured in LPG blaze
One seriously burned after fire breaks out onboard loaded Libyan gas carrier leaving domestic terminal.
- Shih Wei well on the way
Taiwanese bulker owner posts healthy first quarter profit in better market.
- Novoship advances
Russian tanker owner posts strong 2006 result ahead of Sovcomflot merger.
- Belships booming
Norwegian bulker owner benefited from port congestion in Australia and China in first quarter.
- Sincere regret
Second-half rally in revenues and profit not enough to stop full-year earnings drop at Sincere Navigation.
- Happy Herman
Golden Ocean boss very upbeat on bulker prospects and happy with his choice of ‘virgin’ yards.
- A fine MES
Mitsui Engineering & Shipbuilding sees a stunning annual profit raise the bar for the coming year.
- Profit surge for CSDC
China Shipping Group’s listed tanker and bulker arm puts on 38% in first quarter with its bigger fleet.
- GSI gets bigger
Chinese shipbuilder’s first quarter profit soars after new drydock expands capacity.
- Euroseas does better
Greek owner’s feedership Qingdao I beats previous charter rate by $900 per day.
- MOL a record-breaker
Japanese owner's huge mixed fleet produced 6% more profit in year to 31 March to reach new high of $1bn.
- KLC on the up
Annual profit up a quarter at Korea Line Corp which has been busy inking newbuildings and charter deals.
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| APRIL 27, 2007 |
- MOL net income up despite container shipping loss
- Containerships Group denies FESCO sale rumors
- Rickmers’ trust goes public
- Oceanfreight completes IPO, begins trading
- "K" Line opens Indian office to strengthen car, dry bulk business
- Northrop to supply bridge systems for new Grimaldi ro/ro vessels
- India Post eyeing dedicated air freight service
- BAX Global names IT VP
- Chinese rail companies eyeing IPOs to keep pace with expansion plans
- American millers say Farm Bill needs to resolve market distortions
- U.S. companies not totally convinced of Chinese IPR protection
- USDA, FDA quarantine 6,000 hogs fed contaminated rice protein from China
- Mainland China surpasses U.S. as Japan’s biggest trading partner
- China logistics sector growing as costs gradually reduce
- TWIC enrollment faces another delay
- Panama Canal pricing increases approved
- Chevron to pay $1 million after 2006 oil spill in Arthur Kill
- ITC starts assessment of U.S.-Panama trade promotion agreement
- Navis signs terminal automation deal with Georgia Port Authority
- Kuzniecky assumes position as Panama Canal chairman
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| APRIL 27, 2007 |
- Oil spill off Turku
Yesterday an oil spill was observed off Turku in the fairway leading to Naantali. It may originate from the Russian ...
- Bourbon Dolphin’s role under scrutiny
The role of the Bourbon Dolphin as the main operator in the anchor handling operation has come under scrutiny as ...
- Vana Tallinn on Riga–Stocholm service
April 26 the Vana Tallinn was put into traffic on the Riga–Stockholm service, after one years traffic with only ...
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| APRIL 27, 2007 |
- NuStar announces new appointment
Corporate appointment as new company seeking to 'capitalise on opportunities'.
- NYK expands cold-ironing ship capacity
New and existing vessels to be equipped to plug into shore power facilities.
- Dan Bunkering extends welcome mat again
Office of Danish supplier continuing to expand with appointment to bunkering team.
- EC approves refinery purchase
Regulators give Petroplus go ahead to buy UK plant.
- Strike threat in Antwerp
Beglium's refiners in negotiations to avert stoppage.
- Asian fuel oil markets expected to tighten
Worries over volumes of incoming cargoes.
- Rotterdam market remains tight
- Anti-pollution 'spy planes' spot five ships
Six countries join anti-pollution sweep of North Sea and English Channel.
- 28th IBC: No clear path to emission reductions
More questions than answers as speakers share thoughts on the way forward in limiting environmental impact of shipping.
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