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| JANUARY 31, 2007 |
Shipping News
- DP World makes first big port foray into China
THE fast expanding United Arab Emirates-owned Dubai Ports World has made its first major successful foray into China, clinching a US$450 million deal to build a container terminal in northern China's second-busiest port at Qingdao.
- Cruise line pays big fine, restitution in whale's death
US cruise operator Princess Cruise Lines paid up a total of US$750,000 in fines and restitution after accepting responsibility for the death of an endangered humpback whale in the Icy Strait of Alaska.
Strait Talk
- Shining a light into dark corners
IN general, countries that allow foreign companies to register vessels under their flag have come under a lot of pressure to up their game.
Port Shots
- Port Shots
ANTWERP, Belgium's biggest port, handled 4.6 per cent more cargo last year because of higher container shipments, said the port authority.
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| JANUARY 31, 2007 |
- CKYH Alliance revamps E Med services
- AWATA to implement rate restoration in April
- GAC Shanghai gains WOFE status
- Union Pacific, NS to upgrade freight capacity from LA to US southeast
- Computer simulations to be used to prevent dirty bombs in containers
- Maersk takes delivery of new container vessel
- NOL handles 8pc more containers in 2006
- Northport wins corporate excellence award
- DHL wins licence to launch domestic airfreight service in China
- Korean Air Cargo offers service to Moscow
- China Southern eyes 12 more Boeing 777 freighters
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| JANUARY 31, 2007 |
- 2 of the longest-ever project cargo units adroitly unloaded from Chipolbrok vessel at Mumbai Port
- CET for admissions to maritime courses mooted
- INSA seeks lighter taxes to give industry level playing field
- India, China trade swell sustaining global shipping’s profitability, stresses ex-ICS chief
- GE Shipping sets aside Rs 3,750 cr. for asset acquisition
- Shipbuilding fortunes glimmer for Mercator
- DGS clears decks to take e-governance into Phase-II
- TDS on charter hire leaves shipping industry all at sea
- Safmarine adds 2 strings to Far East, South America & South Africa services
- Rising costs induce Maersk Line to reduce transpacific services
- CMA CGM rejoins TSA after year’s absence
- Tianjin port gains 4 deep-water box berths
- Hoegh & Maersk in car carrier cooperation
- New containership joins FESC fleet
- Singapore remains world’s No. 1 container port
- TT Club boosts loss prevention management team
- Shekou CT to merge into mega terminal on DP World sale
- SCT takes delivery of 6 giant RTGCs
- Horizon Lines monitors boxes with cargo tracking tech
- NYK receives first of eight biggest containerships
- Le Havre finds reason for satisfaction in increased box traffic, liquid bulk
- Export continues at double-digit clip
- India now China’s 10th top trading partner
- State onion exporters shed no tears
- Putin aims at $ 10-bn Indo-Russian trade
- CoPT to begin work on Vallarpadam connectivity projects ahead of schedule
- Fresh tender for the Vizhinjam project soon-Minister
- Keel for 1st ship laid at L&T’s Hazira shipyard
- Rani Jadhav heads bipartite wage negotiations panel for port workers
- Lalu may open up even bulk goods transport to private sector
- FIIs outflow in first fortnight of 2007
- Unshackle NTBs to boost pharma exports to China-Ficci
- Textile Ministry to continue with TUFs
- BoA meeting on Feb. 2 to discuss SEZ issues
- Pak Minister to hold talks with Kamal Nath
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- UPS International names new president
- Lübeck sets new record with 30 million t in 2006
- New cargo terminal in Sofia
- Eurosib Terminal launches new service in Saint Petersburg
- Swift Transportation reports good results for 2006
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| JANUARY 30, 2007 |
- Sharjah volumes up
- Rotterdam to use SaviTrak RFID
- ConsultISM warns of ISM prosecution danger
- Reefer runs aground in Spain
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| JANUARY 30, 2007 |
- Deepwater faces mounting Washington woes
- DHS OIG report probes Deepwater NSC problems
- DNV helps yards with IMO coating reg headaches
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| JANUARY 31, 2007 |
- Grimaldi swoops for stake in Unikai terminal
NAPLES-based group buys a 49% stake in HHLA's Hamburg facility for an undisclosed price.
- Grimaldi eyes Mediterranean terminals growth spurt
- CMA CGM lines up new boxships for Delmas
FRENCH operator plans to order 10 containerships for its expanding subsidiary Delmas.
- V.Ships targets cruiseship conversions
NEW venture with Deltamarin will be one-stop shop for cruiseship, ferry and mega-yachts markets.
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| JANUARY 30, 2007 |
- Lula to sign Transpetro contract
THE first contract for the first tranche of vessels for state owned oil carrier Transpetro will be signed tomorrow in Suape, Brazil, by president Luiz Inacio Lula da Silva
- Navy sub commander relieved of duty
THE commander of a US nuclear submarine has been relieved of duty following his boat’s collision with a tanker in the Persian Gulf
- Sovcomflot to manage Rosneft ships
ROSNEFTEFLOT, set up in 2005 by state oil producer Rosneft, has arranged for management of tanker operations with Sovcomflot, the state tanker group
- Steep Princess fine for whale kill
- Star Cruises' Libra briefly detained
- Sun New engineers sentenced
- Three guilty of defrauding Zim
- Rotterdam wins Commerzbank case
- Oil adds to trouble in East Med waters
- V.Ships, Deltamarin target conversions
- MSC Napoli - salvage update
- US entrepreneur Roger Kavanagh dies
- China, Singapore forge yard alliance
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| JANUARY 30, 2007 |
- Slowing economy spurs UPS warning
Net income increased 7.5% in the fourth quarter, but UPS warned that a slowing U.S. economy could shave earnings in 2007.
- Maersk cuts Med-U.S. fuel charge
- Canadian truckers protest new U.S. border fees
- Hamburg box traffic soars
- COAC to meet Feb. 14
- MOL upgrades CSW service
- GE upgrades container security solution
- Profit slides for Shipping Corp. of India
- Canadian Pacific earnings surge
- Services set for Intermarine founder Kavanagh
- New pact for Canadian National intermodal workers
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| JANUARY 30, 2007 |
- News Analysis: Hong Kong and Dubai's Gulf battle is latest encounter in fight for global terminal supremacy
Hutchison Ports, the world’s biggest container terminal operator, aims to extend its competition with DP World following the inauguration of phase I of the Oman International Container Terminal in Sohar.
- NOL says per-unit revenues fall 7% in 2006
Neptune Orient Lines said its 2006 average revenue from the liner business fell 7% year-on-year to US$2,632/feu, while volume swelled 8% to 2.10m feu.
- Dutch Customs officers threaten work-to-rule
- Shenzhen aims to add 15 berths over five years
- Yang Ming and Heung-A consider new services calling Gunsan
- SITC strengthens Ningbo-Japan coverage
- Napoli-watchers play a watching game to assess further consequences
- Toll chief advocates local players take global roles
- US lawmaker puts flame back under Chinese trade issue
- New Zealand gets new coastal services
- Russian Troika share capital doubled by Fesco and pension fund
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| JANUARY 30, 2007 |
- The Americans are coming
ReedSmith shakes up London law scene as it throws bash to launch Richards Butler merger.
- Payout season
Arlington Tankers earned less in the fourth quarter of 2006 than a year before but is paying a higher dividend.
- CalMac a shoo-in
V.Ships pull-out leaves Scottish state ferry owner only bidder for its own routes.
- EFJ steps down
The chairman and CEO of New York-listed International Shipholding Corp is stepping down.
- Prison for piper
A Korean chief engineer will do prison time for keeping a false log of oily water discharges.
- Swedish union in "boycott" deal
Settlement reached with DFDS after threat of industrial action ruled illegal by Danish court.
- Palios, Fortis sell more
Bear Stearns and Wachovia snap up another 750,000 shares from Diana insiders.
- Grimaldi goes to Hamburg
Italy’s Grimaldi has taken a strategic stake in the ro-ro cargo handling subsidiary of Hamburg’s HHLA.
- L&B trio signed up
Three more Leonhardt & Blumberg ships covered by ITF agreements after boycott threat.
- Fesco takes more of Troika
Russian boxship owner snapping up 50% of new shares in its rail container operation.
- Tanker grounds off Estonia
Rigel-operated chemical & oil carrier set for tug assistance after grounding in stormy weather outside Tallinn.
- Death on BP tanker
Investigation underway in Australia as Indian electrician crushed by elevator on BP Shipping-operated aframax.
- Solstrand wins PSV deal
Norwegian yard to build supply vessel for Faroe Islands company Supply Service.
- Villa Shipping facing legal action
Philippine owner to be charged after cargoship grounded in marine sanctuary.
- Transpetro gets ball rolling
Brazilian owner set to sign first contract in massive tanker newbuilding programme.
- Three guilty of Zim fraud
Employee of US-based Zim subsidiary among trio which pleads guilt to defrauding Israeli company of $4.6m.
- Intermarine's Kavanagh dies
President and CEO of US breakbulk and heavy-lift specialist passes aged 54 after lengthy battle with cancer.
- Warranted?
Navios raises $70m and simplifies share structure after warrant holders agree to exchange.
- Chemoil snaps up VLCC
Singapore-listed bunker supplier beefs up storage capacity with acquisition of single-skinned unit.
- Big fine for Greeks
Owner and manager of Irene EM to pay $1.25m for misleading USCG in another “magic pipe” case.
- Princess pays whale fine
Cruise line agrees to pay $750,000 for its part in death of pregnant humpback whale in Alaska.
- Viking orders in Spain
Finnish line signs for new ferry at Sevilla yard, three months after ditching options for two bigger vessels at Aker Yards.
- Alam doubles up
Malaysian offshore owner Alam Maritim Resources takes two re-sales from Singaporean owners.
- Sub skipper removed
Captain of US Navy sub that collided with K Line VLCC in Middle East is relieved of command
- Bharati builds earnings
India's second-biggest private yard group pushes up profit in third quarter as revenues soar.
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| JANUARY 30, 2007 |
- FEFC lowers BAF, CAF rates for March
- ESPMC-WITASS lowering bunker surcharges
- Companies fined $1.25 million in oily water case
- Intermarine boss Kavanagh dies
- V.Ships, TBS Commercial form agency joint venture in Brazil
- Northland Services selects Horizon Services for system platform
- UPS’s 4th quarter up 7.5% anticipates "another good year" for 2007
- Air freight growth in 2006 below trend says IATA
- BA World Cargo increasing European freighter program by 40%
- FedEx Asia service helps Alliance Airport to record cargo level
- Road builders propose dedicated user fees for freight infrastructure
- OOIDA says speed limiter proposal won't help truck safety
- AFL-CIO official lauds Congress for UP U-turn on safety inspections
- CBP to seek approval for Secure Freight program office
- Investment flowing in and out of India
- Keogh Consulting opens Texas office
- Wavetrend hires Miyan to boost world RFID sales
- Aktiv launches insurance products for Chinese freight forwarders
- Japan's advance manifest rule about to go live
- Georgia ports post record year
- Kingston Container Terminal expansion nears completion
- Naples TEUs up 19% in 2006
- Kalmar acquires industrial sales, service business in northern Sweden
- DCT Gdansk receives first cranes
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| JANUARY 30, 2007 |
- Norwegian tonnage tax uncompetitive
Norwegian ship owners find that the Norwegian tonnage tax system, which was introduced in 1996, is uncompetitive compared with operating ...
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| JANUARY 30, 2007 |
- Emissions hearings underway in Houston
Public expressing concern with pollution levels as marine fuel controls mooted.
- Bunker spill cleanup begins in Algeciras
Greenpeace challenges government's assessment and spill response.
- MGO supply service launched in UAE
Norwegian company to market MGO around UAE ports and offshore locations.
- ARA market still firming
- IPO not enough to fund Chemoil's ambitions
Debts of some $200 million likely to fund infrastructure projects to expand in Asia, Middle East.
- Bunkerworld to move
- Views mixed on returns of S-Oil takeover
Analysts are divided over the pros and cons of the take-over bid by Korean Air and Hanjin Shipping over S-Oil.
- Pirates move from 'thievery to hostage taking'
Pirates in the Malacca Strait increasingly target product tankers of less than 20,000 gt, a research paper shows.
- Singapore barge loading schedules pushed back
Ex-wharf loadings tight but bunker demand healthy.
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