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| JULY 31, 2007 |
Shipping News
- Higher profits seen for Japanese liners, shares rise
Shares of Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second and third-largest shipping companies, rose on expectations that they will beat their revised earnings forecasts.
- Rising freight costs weigh down grain importers
South Korean grain buyers are expected to take a break after making purchases for October and November arrivals for the past few weeks after Chicago prices fell, traders said yesterday.
- Russian mini-subs descend to seabed in Artic mission
Two Russian mini-submarines made a test dive to the Arctic Ocean floor near the country's most northerly islands as part of an expedition to explore the North Pole seabed and seek territory that may hold energy reserves.
- China's latest salvage vessel sent into water
- Tight vessels shut naphtha arbitrage
- Queensland to buy more coal wagons
- Disputed Gulf waterway a flashpoint again
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| JULY 31, 2007 |
- KMTC to start new Intra-Asia Pusan to Nhava Sheva service
- NYK subsidiary to lease new box terminal at Tacoma port
- 'K'Line sees net income grow to US$217 million for 1Q fiscal 2007
- APL vice president slams container security devices as ineffective
- US shippers see chaos ahead if box scanning bill goes through
- 'Melbourne tax' of US$200 per TEU threatened over dredging
- Master planner dashes hopes for northern Malaysian airport
- Two former DHL executives to run Polar Air
- Eric Schmid appointed Swiss WorldCargo's western Europe chief
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| JULY 31, 2007 |
- COSCO christens Asia’s first 10,000-TEU boxship
- APM Terminals opens new box terminal in Tangier, Morocco
- Eagle Bulk Shipping buying fleet of 26 Supramax vessels
- OOCL opens new office in Pakistan
- GGL Line opens Hong Kong office to boost intra-Asia trade
- Maersk Logistics Indonesia named best in Singapore competition
- Panama expansion paves way for bigger vessels
- Port of Vancouver & Wallenius ink letter of intent for development
- K Line receives Ocean Carrier of the Year award
- All cargo containers entering US to be scanned
- ...launches 10-ship Panamax building programme
- DVB Fund & Textainer team up to buy Capital Lease
- OSVs now tops on ONGC shopping list
- India Summit 2007 to cast spotlight on logistics service providers & users
- KMTC & CNC launch new NIX service
- Gems & jewellery exports up by 13 pc in Re. terms
- Lanka bans Indian poultry
- Basmati variety notified for export
- Spices Board bid for export thrust
- 10 pc rise in German machinery imports predicted
- Coffee Board brewing fresh strategy in Russia
- Adopt global norms in farm products exports to Gulf, urges Apeda
- $ 52-m Exim Bank loan for Sudan
- GTI joins Millionaire Club!
- CoPT, KRL agree on wharfage rate at SBM
- Gujarat to set up 5 logistics parks along freight corridor
- Cochin airport seeks SEZ tag for various projects
- Maharashtra: Big budgets, less spending
- Forex reserves swell by $ 3.09 bn
- Re. fears bubbling in tea cauldron
- Export duty on iron ore may continue
- Govt to set up 12 centres to preserve perishable goods for exports
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| JULY 30, 2007 |
- Class societies carrying out "shallow ISM" audits
- New ships must have protected bunker tanks
- MOL, Kansai Electric Power and Iino Lines agree ownership deal
- Farstad sells old-timer
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| JULY 30, 2007 |
- Bear Stearns to buy MC Shipping
- Siem Offshore back at Kleven
- Trico Marine promotes Ray Hoover
- Moss-type LNG newbuild for Pluto project
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| JULY 30, 2007 |
- ATA truck tonnage index continues string of monthly declines
- New rules coming online for vessel fuel tank locations
- Kaitlyn Blair named winner of Lelli Memorial Scholarship
- Wallenius Wilhelmsen Logistics buying share in Tianjin terminal
- Union Pacific breaking records with second quarter numbers
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| JULY 30, 2007 |
- Bear Stearns swoops for MC Shipping
US INVESTMENT bank to pay $284m for American Stock Exchange- listed gas shipping group.
- MC Shipping’s LPG drive
- Calls grow to release Pasha Bulker report
THE New South Wales opposition accuses government of "dragging the chain" on grounding report.
- Wal-Mart Canada expands Green Shipping concept
GIANT retailer goes green with introduction of a Supply Chain Sustainability scorecard.
- Training the trainers
THE industry is facing a serious manning crisis, without a doubt.
- Set for power protection
THERE will be huge relief in a large number of locations at the announcement last week that the Royal Navy’s two aircraft carriers are to go ahead.
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| JULY 30, 2007 |
- Bear Stearns grabs MC Shipping
Private equity investor Bear Stearns Merchant Banking has made an aggressive offer for Monaco-based MC Shipping in an all cash $284M deal
- Woodside unveils US regas project
WOODSIDE Petroleum revealed today that it will flag two newbuilding LNG regasification vessels to the Stars & Stripes and crew them with US-licensed seafarers
- Black marks for Black Point Shipping
BLACK Point Shipping has agreed to pay $75,000 in fines and fees over faked inspection documents aboard the-then chemical/product tanker Black Point
- Marina warns maritime opportunists
THE Philippines Maritime Industry Authority has warned domestic owners and operators that permits will be cancelled if they fail to submit financial documentation when required
- Search on for Mex Gulf polluter
- Collision vessels safely separated
- Master fired for not handing over
- Singapore stocks rebound
- LPG operator KSS Line to list
- Financial costs weigh heavy on Sealift
- Legionnaires suspected on Black Watch
- Non-tax payment shuts oil firm
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| JULY 30, 2007 |
- Clerical union, employers in LA-Long Beach reveal details of compromise
Compromise agreement sets the stage for next round of contract talks in 2010.
- World Shipping Council criticizes U.S. scan-all bill
- Record TEUs for Savannah
- German owner orders 13,000-TEU box ships
- TNT net gains in quarter
- Hyundai expands sales network
- Vancouver containers up 5% in first half
- NWA Cargo adds portal waybill
- Nehru cuts box free time
- New SVP for Ceres in North America
- Weekly rail shipments off
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| JULY 30, 2007 |
- DB moves in on Transfesa
- Concor hopes for DST efficiencies
- Financial improvement in second quarter for Horizon Lines
- Brazil strike starts to bite
- Under pressure SCT lease more space
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| JULY 30, 2007 |
- Bear Stearns to buy MC Shipping
Shares in Monaco-based LPG player soar after US investment bank makes $284m all-cash swoop.
- BLRT may buy Fiskerstrand
Norwegian yard boss says Estonian partner could make approach for nearly 100-year-old company.
- Investors hot for Eimskip’s cold takeover
Icelandic shipowner seals deal for Canada’s cold storage giant Versacold with 93% acceptance.
- Bharati builds profit
Busier Indian shipyard posts big jump in earnings and revenues for first quarter.
- Navibulgar continues winning run
Costs come down and revenues edge up for Bulgarian owner in first half.
- Black day for Black Point
Pietro Barbaro fined in US after tanker officers invented 34 new logbook entries relating to tank inspections.
- FOC pay threat
ITF warns owners will pay for refusing to agree to “rich world” ratings fund.
- Trafigura triumphs
MSC loses London appeal over copper cargo caught in “Catch 22” impasse following attempted fraud.
- Kleven bags Siem twins
Norwegian yard gets go-ahead for two more AHTS options from compatriot offshore owner.
- GE whiz
Indian tanker and bulker owner posts 75% increased first-quarter profit as revenues soar.
- Split three ways
Japanese shipowners Mitsui OSK Lines and Iino Lines take stakes in new Pluto LNG carrier.
- Seven ill on Fred Olsen ship
Cruise vessel to arrive in UK on Monday for disinfection after suspected Legionnaires’ outbreak.
- Taiheiyo pessimistic
Japanese tanker and bulker owner posts first-quarter profit but remains cautious about year ahead.
- Excel looking for funds
US-listed Greek bulker owner files $500m shelf registration with US regulatory authorities.
- FreeSeas pulls plug
Greek owner cancels purchase of two handysize ships over dispute between seller and a third party.
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| JULY 30, 2007 |
- CKYH Alliance ending U.S./Med loop
- Hyundai opens Vietnam, Italy subsidiaries
- RoRoCo starting Harwich/Ostend ferry link
- Oak Hill buying Southern Air
- TNT’s operating profit dips 2%
- Pa. charges Norfolk Southern for hazmat release
- 100% cargo inspection regime becomes a reality
- Raul Castro looking at economic changes for Cuba
- CargoWise edi, Agency Sector Management collaborate
- ILWU S. Calif. office workers reach tentative deal
- Wallenius Wilhelmsen takes stake in North China ro/ro terminal
- Southampton Container Terminals expanding
- Port of N.Y.-N.J. examining former tank farm site
- Port of Hamburg sees 14% box growth in first half
- Tower Group wins construction deal for Jacksonville box terminal
- Port of Charleston names India representative
- Hall promoted at Yusen and Ceres
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| JULY 30, 2007 |
- New amendment close gap in Marpol Annex I
On August 1, 2007 an important amendment to Annex I of Marpol will come into force. The new regulation oblige ...
- Svendborg-company sells their first ship
T.H.H. Shipping of Svendborg has sold their first ship to a Sri Lankan operator, which has taken over the ship ...
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| JULY 30, 2007 |
- More concern over oil supply
Non-OPEC production falling as OPEC still ruling out supply increase.
- New ships will cut bunker consumption
Next generation of containerships could slash operating costs.
- Limited activity in ARA barge market this morning
- Aegean considering its 'own brand of lubes'
New staff member appointed to oversee the expansion of its marine lubes sector.
- New Indian terminal should be running next month
Operation of oil terminal in Mundra delayed from mid-July to August.
- DP World to upgrade Fujairah terminal
Project to increase under-utilized container terminal's ability to handle larger ships.
- Ships collide off central Japan coast
Fuel oil leak 'has been contained'.
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