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| OCTOBER 30, 2007 |
Shipping News
- China Merchants plans new 3.5b yuan terminal
China Merchants Holdings (International) Co, owner of stakes in the country's five largest container ports, plans to spend 3.5 billion yuan (S$679 million) to build a multi-purpose terminal for bulk cargo and containers in Shenzhen, chairman Fu Yuning said.
- Asian Terminals gets 25-year extension
LISTED Asian Terminals Inc (ATI) has been granted a 25-year extension to its contract to manage and operate the state-owned South Harbour terminal in Manila. ATI, controlled by Dubai's DP World, has been operating the terminal since 1989 when it was awarded a concession by the Philippine Ports Authority (PPA).
- Keppel unit delivers AHTS vessel to Gulfmark
KEPPEL Singmarine has delivered another offshore support vessel on schedule to Gulfmark Offshore Inc. Sea Cheyenne, an anchor handling tug/supply (AHTS) vessel, will be deployed in Vietnam. She was christened last Saturday by Mrs Rex Carroll Ross, wife of Rex Ross, director of Gulfmark. The vessel is an in-house design by the Marine Technology Development division, a technology arm of Keppel Offshore & Marine.
- Cosco Pacific Q3 net up 14% to US$94m
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| OCTOBER 30, 2007 |
- OOCL upgrades KTX-1 intra-Asia service capacity
- Asia-US cargo growth slows while costs continue to rise, warns TSA
- Shenzhen's SCT still among China's top 10 container terminals
- Northport delays plan to trim free container storage until June
- Transpacific trade demand lower than expected
- ELAA tells ESC of its hopes for 'golden age of understanding'
- SAS Cargo to double Stockholm air cargo capacity in by 2010
- National Air Cargo fined US$28 million for false 'on-time deliveries'
- Continental contracts EDS and HP to upgrade IT systems
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| OCTOBER 29, 2007 |
- German Transport Forum: changes at the top
- Stena and P&O abandon plan to share expanded Cairnryan
- Lufthansa raises profits
- Poland: privatisation of PKP Cargo to gain pace with the new government
- Czechia/Slovakia: CD Cargo and ZSSK Cargo to be merged?
- Kuehne + Nagel opens new seafreight centre at Gothenburg
- Russia to step-up rail industry
- IX Air Cargo Americas in November
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| OCTOBER 29, 2007 |
- ELAA to be liner trade association
- Dubai Drydocks World buys Labroy
- Golden Ocean buys newbuildings contracts
- Odfjell buys Rotterdam terminal
- LNG-powered ferries for Norwegian route
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| OCTOBER 29, 2007 |
- Crowley Maritime makes changes in corporate purchasing
- SembCorp Marine takes a stake in Pipavav Shipyard
- Dubai Drydocks swoops on Labroy
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| OCTOBER 29, 2007 |
- Port of Vancouver, BC closes expanded cruise season
- Panama Canal Authority releases fiscal year metrics
- Port of Portland rerouting Terminal 6 traffic pattern
- Dredging set to begin at Port of Olympia entrance
- Crowley Maritime taps Jackson as procurement vice president
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| OCTOBER 29, 2007 |
- Shippers urge Brussels to rein in box lines
EUROPEAN shippers to press for tougher constraints on container shipping in the new era of deregulation.
- Shippers warn EU against liner bias
- DD World bids $1.6bn for Labroy
DUBAI Drydocks returns to Singapore for Labroy Marine just three months after purchase of Pan-United.
- UK P&I Club unveils premium hikes
BIGGEST P&I provider announces plan for premium rises that will collect some 17.5% more in total.
- Bridging the gap between ship and shore
HOW can we do something about the yawning gulf that exists between ship and shore?
- Where's the crisis?
IF CLIMATE change is really the worst crisis facing the world, why is it not being treated as such?
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| OCTOBER 29, 2007 |
- OSG hit by rate dive
OVERSEAS Shipholding Group logged sharply lower profits as third-quarter rates fell steeply in the VLCC sector
- Polish ferry in Baltic collision
THE Polish ferry Galileusz, which operates between Szczecin and Trelleborg, was in a collision with the German TT-Line owned Nils Dacke on Saturday
- Supreme Court takes Valdez case
THE US Supreme Court will rule on Exxon Mobil's appeal against the record $2.5Bn damage award stemming from 1989's Exxon Valdez spill
- Navios sells ships in surprise IPO
NAVIOS Maritime Holdings will spin off a publicly listed Master Limited Partnership that will initially own seven of its vessels, with further acquisitions planned
- Hard-pressed Chiquita wields axe
- TECO sold at last
- ABG Shipyard wants to build and buy
- Drydocks World acquires Labroy
- One dead, 7 missing after capsize
- AWB ready to resume Iraq trade
- Pirates commandeer chem tanker
- NSW claims A$2M from Pasha insurer
- Bush promises action on congestion
- North Korean ship sinks in China
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| OCTOBER 29, 2007 |
- Project shipping facing labor shortage
The engineering, procurement and construction industry is facing such a worldwide shortage of skilled labor at all levels that firms are in a "war for talent."
- Long Beach postpones truck vote
- Seaway expects Brazil freight
- Supreme Court agrees to hear Exxon Valdez case
- DHS wants Customs to improve Michigan security
- Horizon Lines holds steady
- CargoWise, Descartes form alliance
- NYK Line reports sharp profit rise
- Firm to develop India hubs
- International Shipholding posts profit
- Industrial property rents continue to climb
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| OCTOBER 29, 2007 |
- APL still on the right track
- ESC queries carriers' intentions
- Victory in sight for anti CTP lobbyists at LA-Long Beach
- Moonduster's bid for ICG to lapse on Wednesday
- Danaos on a high
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| OCTOBER 29, 2007 |
- Oceanex boosts profits
Canadian owner sees third quarter returns improve despite its smaller fleet.
- Damages hike nixed
The US Supreme Court throws out an appeal by Exxon Valdez plaintiffs seeking to restore damages to $5bn.
- ASRY chief arrested
Chief executive, Mohamed Alkhateeb, suspended and commercial director held in corruption probe.
- Cubans jump ship
A quartet of Cuban crewmen jump Greek-owned Dimitra G as the ship is detained in Canada.
- Two missing off China
Search continues for crew of handysize bulker which capsized off Shandong province with 21 others rescued.
- Back in black
Chilean liner company CSAV reports third-quarter profits at $61.2m in the black, turning around the $111m loss in the same period of 2006.
- Rothwell eyes Carroll coalition
The battle for control of ICG takes another twist following rumours Aella is looking to team up with leading shareholder, Liam Carroll.
- Another day in court
US Supreme Court has agreed to hear ExxonMobil's case over record punitive damages in the Exxon Valdez case.
- Navios unveils IPO
Greek bulker owner goes to Wall Street with a $241.5m initial public offering for Navios Maritime Partners.
- Dragon banks roaring returns
Increased assets fire CSSC to a six fold increase in third quarter profits.
- Acquisitions hurt Tallink
Full-year profit drops at Estonian ferry owner as it takes one-off restructuring and integration hits.
- Cost cutting saves Samudera
Indonesian shipping line bags vastly increased third-quarter profit despite revenues being on the wane.
- Teco sold at last
Parent of US barge operator Teco Transport Corp says net proceeds of sale to private equity group up to $380m.
- Seaspan suffers in third quarter
Big spending owner records third quarter loss of $38.6m despite positive nine month showing.
- SembCorp takes PLS stake
Singapore-listed shipbuilder splashes out $19.97m for slice of emerging Indian yard.
- ITF in Norway push
Federation to crank up pressure on Norwegian owners to join global pay talks.
- UK Club seeks 17.5%
Surging P&I claims leads top club to hit members with biggest increase since 2004.
- SCI takes a hit
State-owned giant Shipping Corp of India sees revenues and net profit dwindle in the second quarter.
- Jinhui buys again
Bulker specialist adds panamax newbuilding to its bulging orderbook.
- Who's in for 10 at Mipo?
Korean builder Hyundai Mipo Dockyard mum on identity of European owner which signed for bulkers at $479m.
- Slow progress for NYK
Japanese giant NYK Line remains bullish about full-year result as second quarter shows modest increase.
- Two dead, 6 missing off Denmark
Search continues for master and five crew of Turkish vessel which capsized off island of Falster.
- Laeisz goes green
Hamburg owner inks deal for six environmentally friendly boxships.
- GO clears Tartsinis
Greek owner Go Carriers says "private misunderstanding" behind CEO payments and defends director exit.
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| OCTOBER 29, 2007 |
- TECO agrees to sell barge subsidiary
- Debt strategy impacts Horizon Lines profit
- F. Laeisz orders six 2,800-TEU box ships from Aker Yards
- Danaos: Other routes compensate for weak U.S. trades
- Seaspan reports loss
- FedEx announces 2008 rate hikes
- Jet Airways thinking about starting cargo airline
- Cargolux fuel surcharge rising
- Limits on JFK flights opposed
- Arkansas Best profit falls on low tonnage
- Gap suspends use of Indian vendors, India labels move protectionist
- North Korea, Cambodia eye trade ties
- Calif. air authority approves truck, ocean vessel regulations
- APL Logistics, Con-way to expand OceanGuaranteed service
- Forwarder will pay $28 million to settle suit
- Los Angeles officials change details of port-truck plan
- China Merchants Holdings share price soars
- Corpus Christi receives TWIC launch date
- Mundra port operators looking for public money to boost capacity
- APM buys stake in 700,000 TEU greenfield port in Ecuador
- New dredging methods to be used in New York
- Port of Brunswick expects more business
- PSA HNN picks Quintiq for equipment planning, workforce optimization
- Jacksonville Port Authority appoints Kulik, Fogarty to board
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| OCTOBER 29, 2007 |
- Six missing after ex-Danish coaster capsized ' two found dead
The Slovakia registered coaster Omer N capsized late Sunday afternoon south of the Danish island Lolland. The cause is unknown and weather conditions were fairly good. Three of 11 crew members were rescued by the Russian cargo vessel Sormovskiy ...
- IGP&I pool claims highest for 15 years
A hefty rise in P&I claims across the shipping industry are making heavy demands on the International Group of P&I Clubs' (IGP&I) Pool. The IGP&I envisaged record payout of more than USD 550 million by the ...
- Russia could abolish visa need for tourists
The Russian parliament will consider a proposal to let foreign turists visit Russian port cities for 72 hours without visa. The proposal includes both cruise and ferry passengers. The motion, if carried through, will open up for ferry services between ...
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| OCTOBER 29, 2007 |
- Horizon revises fuel surcharge
Mirrors rival Matson's record level in the wake of sharply higher bunker prices.
- Rotterdam market remains firm
- Bunkers bite into buoyant NYK profits
Japan's biggest shipping company lifts profit forecast despite higher fuel costs eating into profits.
- OW's parent group looks to expand
CEO says growth will be accelerated. $100 million to be spent on fleet expansion.
- New Asian subsidiary for O.W. Bunkers
Focus on growth and local expertise leads to opening of Korean office.
- Singapore supplier launches 'mega-barge'
The Japan-built double-hulled vessel is the biggest bunker tanker to be delivered to date.
- KPC sells spot 380 cst cargo
Bunker grade cargo expected to head to the Singapore market.
- Hong Kong to curb emission from China vessels
New registration system aimed at spotting polluting ships from Guangdong, China.
- Japan tests 'super absorbent' beads
State-of-the-art polymer spheres designed to soak up oil and chemical spills effectively.
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