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| JULY 30, 2007 |
Shipping News
- Hyundai Heavy gets deal worth 1.21t won
Hyundai Heavy Industries Co, the world's largest shipyard, said it received an order for eight large-sized container vessels valued at 1.21 trillion won (S$1.95 billion), its biggest contract this year.
- Mid-East tanker rates decline on vessel surplus
The cost of shipping Middle East crude to Asia, the world's busiest oil-transit route, fell to a three-month low on excess tanker capacity.
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| JULY 30, 2007 |
- Cosco to take delivery of Asia's first 10,000-TEU ship
- Shandong builds logistics centre for Taiwanese investors
- Britain to spend US$21 billion on rail upgrades
- Nanchang to focus on logistics development
- Cheng Lie to commence 2 new China-India services
- APM Terminals opens box terminal in Tangier
- CN Railway posts Q1 net income of US$486 million
- Toll unveils integrated airfreight network
- UPS sees Q2 net income rise 4pc to US$1.1 billion
- Cargolux adds second flight to Kinshasa
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| JULY 30, 2007 |
- Sudhir Rangnekar’s dedicated services to coastal shipping come in for high praise
- D. T. Joseph to speak at BCC&I today on ‘Creation of Maritime Constituency’
- SC asks NGO to file response on dismantling ship
- Fieo study lists steps for enhanced & smoother flow of Indo-Pak trade
- Spices exports post 25 pc growth in Q1
- ISEC sells 3 lakh tonnes raw sugar abroad
- Minister opens textile fair in Japan
- India, US asked to dismantle trade barriers
- NMPT beefing up box handling facilities
- Cochin Port braces for cargo diverted from Tuticorin
- Coordination panel to focus on Rlys & steel industry’s common tariff problems likely
- Move to realign dedicated rail freight corridors
- Ajay Singhal named Business Sphere Group’s ‘Logistics Man of the Year 2007’
- Rlys strikes deal with Kirloskar firm to produce road-railers
- Vaghela seeks Rs 11,000 cr. for TUFS in eleventh Plan
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| JULY 30, 2007 |
- Uwe Bakosch transfers from Scandlines to Deutsche Bahn
- APM opens new container terminal in Tangier
- Record half year for Lufthansa
- Aramex with higher revenues and net profits in Q2/2007
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| JULY 27, 2007 |
- Exmar plans Belgian LNG terminal
- Buoyant market boosts Bocimar
- Portosalvo orders at Aker
- US and EU agree on satnav signals
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| JULY 27, 2007 |
- Nordcapital orders eight 13,100 TEU box ships at HHI
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| JULY 27, 2007 |
- Bidders on Washington ferries receive more time for proposals
- APL Logistics wins contract with Army & Air Force Exchange Service
- ITC report finds US would benefit from easing of restrictions with Cuba
- LA/Long Beach office workers reach tentative labor deal
- US rail freight traffic down again during week
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| JULY 27, 2007 |
- Wal-Mart Canada expands Green Shipping concept
GIANT retailer has taken the Green Shipping concept to another level by announcing plans to introduce a Supply Chain Sustainability scorecard for service providers.
- Nordcapital inks $1.4bn boxship deal with HHI
CONTRACTS signed to build eight container vessels with a capacity of 13,100 teu each.
- Woodside approves Pluto LNG project
FACILITY will produce 4.3m tonnes a year and start deliveries to Japan in late 2010.
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| JULY 27, 2007 |
- Turkish coastal vessel sinks
The Cambodian-registered coastal vessel Multi Trader sank yesterday evening close to Mangalia port, Romania. The ship’s seven crewmembers were able to abandon ship before it went down
- ILA elects new president
RICHARD Hughes Jr was elected president of the International Longshoremen’s Association this week – the first new president for the union in over 20 years
- Horizon posts leap in 2Q profits
HORIZON Lines today boasted second quarter net income of $9.6M on $22.9M in operating revenue, an almost 50% jump in net income over the same quarter last year
- Brittany Ferries under pressure
INCREASING demand and changes in the freight market are putting greater pressure on Brittany Ferries' freight-carrying capacity
- Capesize collides with boxship
A Greek Capesize bulker was in collision with a Taiwanese container ship this morning in waters off central Japan
- Modest gains for Seacor Holdings
LOSSES from off-hire vessels were more than offset by revenue from ship sales as tanker and offshore vessel owner Seacor Holdings posted modest gains in net income
- Ops changes, Silja hits Tallink
- Bush signs Foreign Investment Act
- Charges possible in Brimble case
- 400 Cosco bulkers on the move
- Offshore boosts Keppel profits
- Pan-United share trading suspended
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| JULY 27, 2007 |
- International Longshoremen's Association rejects direct elections
But meeting votes to scale back practice of officers collecting salaries for multiple union jobs.
- Clerical union, employers reveal details of compromise
- Scan bill nears completion
- Water bill moves forward
- Net Q2 gain for Horizon Lines
- GAO report questions effectiveness of export controls
- Saturday test gate falls short of Maher volume goal
- ILA Convention: Reporter's Notebook
- Labor deal averts strike at LA-Long Beach
- Hughes, other ILA officers elected
- Union wary as marine terminals change hands
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| JULY 27, 2007 |
- 100% pre-shipment container screening - a US bill too far?
It looks increasingly likely, that this time next week,(Friday, August 3) George W Bush, will sign a bill into law establishing a five-year deadline for 100% screening of containers destined for US ports.
- Nordcapital to buy 13,100TEU ships
- Star Reefers sees 2Q 07 improvement
- German Government to reduce stake in Deutsche Bahn
- APL’s rate recovery gathers steam
- Tacoma and NYK sign box terminal deal
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| JULY 27, 2007 |
- Mixed horizon
Jones Act liner operator shows higher profit but disappoints Wall Street analysts.
- We protest
Overseas Shipholding Group is manning battle stations in contract fight with US military.
- Capesize, boxship collide off Japan
Bow of Greek bulker said to be stuck in 2,200-teu vessel’s hull with oil leak contained.
- Double Hull buys Besiktas
OSG spin off moves into suezmax sector with profit sharing deal.
- Nordcapital: ‘It’s our octet’
Finance wing of Erck Rickmers empire owns up to 13,100-teu eight-ship order at Hyundai Heavy.
- HHI wins $1.3bn order
Unidentified European owner pens $162m-per-ship order for eight units at South Korean yard.
- Sasebo builds on success
Japanese yard continues profit drive of last financial year with three-fold profit increase in first quarter.
- Meiji on the move
Profits leap fourfold for latest quarter but owner suffers slump at operating level.
- Tallink tumbles
Cost of integrating Silja takes another chunk out of earnings but shipping operations continue rise.
- Sales save Seacor
US tanker and offshore owner posts slightly increased second-quarter profit on back of disposals.
- Japan reaches new high
Shipbuilding backlog increases to historic high on the back of demand for bulker tonnage.
- MOL minted
Japanese liner giant expects hefty profit and revenues this year after 50% leap in first-quarter result.
- Stock sell-off continues
Despite a new all time high BDI, drybulk shipping shares in New York have seen heavy selling.
- Nobu buys into ACM
TMT boss has become the latest investor to take a stake in UK shipbroker after Dresdner and Platou.
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| JULY 27, 2007 |
- Nordcapital places $1.4 billion order with HHI for 13,100-TEU ships
- MOLs raises forecast after 48% profit surge
- Horizon Lines' 2nd quarter earnings up 50%
- India shipping official orders recall of offshore supply vessels
- New CMA CGM acquisition Cheng Lie expanding horizons to India
- NYK, Wan Hai ships involved in collision off Japan
- Kansai, MOL, Iino Lines to jointly own LNG carrier
- ABX shoots down Astar bid
- YRC boss blames "weak domestic shipping market" for profit slump
- Labrie takes over Con-way Freight
- Weber retires as CEO of Weber Distribution
- Pa. charges Norfolk Southern for hazmat release
- UPS Freight broadens Fain's scope
- Lenovo sets up India plant, Dell suffers from fragmented tariff system
- IMF revises predicted growth rates of emerging markets
- Hughes elected ILA president
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| JULY 27, 2007 |
- Los Angeles the exception in bullish US markets
Most ports respond to firming fundamentals with crude close to all-time high.
- Another fuel surcharge on the Horizon
Second Hawaii shipping company announces August increase saying it sees 'level or higher' fuel costs ahead.
- Amended MARPOL regulation about to enter into force
New MARPOL regulation aims to prevent bunker spills from all categories of ships, not just tankers.
- Trader gone from FNSA Fuel
- Strong market encouraging rare cargo deals
UAE fuel oil cargo not expected to travel far.
- Swathe of Guimaras oil spill claims rejected
More than 125,000 applications for compensation from last year's Philippines bunker spill turned down on lack of evidence.
- Rotterdam market stable at midday
- NYK returns to Thailand for bunker purchase
Shipping line says it believes there will be no further problems with 'off-spec' fuel.
- South Korea shrugs off supply worries
East Asian bunker prices bounce back as crude oil firms.
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