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| OCTOBER 31, 2007 |
Shipping News
- Mitsui, K-Line raise full-year forecasts
Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest shipping lines, raised their full-year forecasts as China's demand for iron ore boosted shipping rates.
- Thoresen Thai expects revenue growth
Thoresen Thai Agencies, Thailand's leading dry bulk shipping firm, said yesterday it expected to report 2006/2007 revenue growth next month due to higher freight rates and strong earnings at its oil rig firm.
- Gdansk workers demand early privatisation of shipyard
About 200 workers at Poland's historic Gdansk shipyard demonstrated on Monday to demand the quick privatisation of their struggling workplace, with some burning tyres and setting off firecrackers in front of management offices.
Strait Talk
- ELAA flies kites
WELL, you've got to admire the style. The liner conferences will become illegal in Europe on Oct 18 next year but, last week, the Far Eastern Freight Conference (FEFC) issued a 'business plan' which gave absolutely no indication that it will cease to exist some time soon, or ever.
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| OCTOBER 31, 2007 |
- Maersk tells shippers in Lisbon to accept more flexibility
- 20 Chinese cities co-operate on greater logistics convenience
- Dachser sets up second WFOE in South China
- Port co-operation main theme of fourth China-ASEAN Expo in Nanning
- APM Terminals acquires stake in greenfield Ecuador port
- Marine insurance costs to rise as claims hit 15-year high
- Marine accidents raise concern at MAIIF detectives' forum
- Cape Town's Table Bay expansion to double container capacity
- Shenzhen's ICCS first in China to pass Cargo 2000 audit
- Ningbo airport cargo volume up, but value falls through September
- American Airlines re-locates in newly opened Terminal 8 at New York's JFK
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| OCTOBER 31, 2007 |
- Mohapatra outlines 5-point strategy for improved working of maritime industry
- Seaways shipping organises blood donation camp at Vizag
- 60 cos vie for 24 prestigious Seatrade Middle East & Indian Subcontinent Awards
- Allcargo earns net profit of Rs 113.44 m during July-Sept. 2007
- Intermarine vessel delivers heavy-lift for Jamnagar project
- IT exports may touch $ 80 bn by 2011
- Railways to start online bidding of wagons
- Continental opens warehouse at Vizag Port
- 9-10 pc growth possible for many years: PM
- WTC to hold 2 seminars tomorrow
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| OCTOBER 30, 2007 |
- Reinecke & Associates scoop up CEP specialist
- Port of Rotterdam chasing milestones
- Aer Lingus launched San Francisco-Dublin non-stop service
- Ukraine: new railway ferry service starts operation in Kerch
- Ryder with higher revenue and net earnings
- IX Air Cargo Americas in November
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| OCTOBER 30, 2007 |
- Somali pirates seize 2 ships in 2 days
- Houston port ponders major projects
- Successful cruise season for Vancouver
- Panama Canal's record-breaking year
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| OCTOBER 30, 2007 |
- North Korean crew overpowers Somali captors
- Superferry bill steaming through Hawaii legislature
- China completes first large bore, two stroke marine diesel
- ACB ships first CB-L to Coast Guard
- Navy in action against Somali pirates
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| OCTOBER 30, 2007 |
- Hamburg brokers to launch boxship index
MOVE is well ahead of a possible rival effort by the Baltic Exchange in London.
- Broker explores post-panamax boxship market
- Hong Kong to start ship emission checks
MARINE Department to conduct random inspections to ensure vessels meet Marpol Annex VI sulphur limits.
- Seafarers regain control of hijacked vessel
CREW of ship hijacked off Somalia kill two pirates and regain control of their vessel.
- Congestion and China fuel dry bulk boom
NEW China trades and Australian queues are predicted to keep the market bubbling.
- The maritime vision of India
CREDIT for the promotion of maritime awareness in India must be given largely to the Indian Maritime Foundation.
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| OCTOBER 30, 2007 |
- Ferry officer "ignored collision"
Winchester Crown Court heard today how three experienced yachtsmen may have survived had a P&O ferry officer offered assistance following a near miss or collision
- Big profit hike at China yards
A SIXFOLD surge in third quarter profits resulted in the shares of China State Shipbuilding Co advancing 8.3% on the Shanghai Stock Exchange
- MarAd enters ballast brouhaha
MARAD'S top lawyer has told shippers that the agency is working to soften the blow dealt by a California judge on mandated federal regulation of ballast water discharges
- Korea to buy 2M more tonnes of LNG
THE Korean government is negotiating with Oman to buy 2M tonnes of LNG annually
- New Santos port opposed all the way
ENVIRONMENTAL groups are stirring up strong protests this week against a plan for a 500,000teu per year container terminal to be built near Santos, Brazil
- Mercator set for Singapore IPO
Mercator Lines (Singapore) is to issue fresh ordinary shares by initial public offering on the Singapore Stock Exchange
- Climate committee to probe shipping
- Fresh 'green' group launched
- Navios doubles profits, seeks Capes
- US satellites tracking AIS vessels
- Novoship stock set for further jump
- Engineer innocent of dumping charge
- Takeovers double Tallink revenues
- 'World war on talent' predicted
- MarAd boss gets rare union praise
- ASRY official in court over theft
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| OCTOBER 30, 2007 |
- Arctic weather not only obstacle to opening of Northwest Passage route
Before opening the new Arctic maritime route connecting Asia to Europe and the U.S., the four nations that line the route will have to agree on tolls and standards for aids to navigation.
- Bayonne City Council urges review of port proposals
- Nike shifts to LNG vehicles for harbor trucking
- TWIC schedule too slow, TSA told at hearing
- APL deploys first 53-foot ocean containers
- 10+2 rule under OMB review
- Port of Long Beach delays action on clean-trucks plan
- "K" Line profits double
- Dry bulk powers MOL gains
- Kitty Hawk shuts operations
- Houston OKs Bayport projects
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| OCTOBER 30, 2007 |
- Samskip and Delphis forge closer links with Iberia VSA
- Maersk highlights need for better communications
- Bayonne port options
- CEVA Logistics eyeing acquisition of Indonesian logistics providers
- Intermodal powers strong CP Railway Q3 results
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| OCTOBER 30, 2007 |
- Open for business
Opportunities in the Indian shipping and shipbuilding market are on the agenda as TradeWinds shipping summit gets underway in Mumbai.
- TMM tenders probed
Senator and former Pemex official investigated over tenders won by Mexican tanker owner Grupo TMM.
- Lawmakers aid Alakai
Hawaii's senate passes a bill to allow embattled Hawaii Superferry to set sail.
- Navios net doubles
US-listed bulker owner reports a 116% increase in third-quarter profits on increased operating days and strong charter rates.
- Mixed bag for Teekay Petrojarl
Oslo-listed offshore owner sees revenue fall but there could be a silver lining somewhere in the North Sea.
- Crew overpower Somali captors
North Korea-flagged vessel said to be free again after crew take up arms against security guards who demanded ransom.
- Eimskip grounds airline venture
Shipping at core of Icelandic owner's plans as it disposes of Air Atlanta subsidiary.
- Nanjing Water wins approval
Chinese regulator okays share issue to fund seven new tankers for Shanghai-listed owner.
- Make it a dozen
Brazil's Petrobras and Noroil sign a pact that could lead to the construction of two VLCCs, possibly at the compatriot shipyard where Petrobras has 10 tankers on order.
- Home comfort for Cosco
Hong Kong-listed China Cosco Holdings reports large third-quarter profit as domestic trade increases.
- Chandran goes Dutch
Chemoil takes 49% stake in Amsterdam-based maritime services provider, Burando Holding.
- China on Korea's tail
Orders at Chinese shipyards more than double in first nine months of 2007.
- Brits pitch camp in Piraeus
London hedge-fund becomes second largest shareholder in Greece's biggest port.
- Aboitiz turns it around
Philippine ferry owner erases red ink in first nine months thanks to cost-cutting and selling ships.
- Tsakos fixes forward
European major takes Greek owner's two modern suezmaxes on charter for three years each.
- Acergy extends
Oslo-listed owner keeps $140m Petrobras support ship deal for another three years.
- Varun prospers in third
Indian tanker and LPG carrier owner pushes up third quarter profit on bigger voyage revenues.
- Sinotrans readies bulker IPO
State-owned firm could raise $800m when bulker division is listed in Hong Kong.
- Euroseas hunts cash
Nasdaq-listed owner wants to raise $114m from public share offering to finance fleet development.
- Ship held as Somali deal sours
North Korea-flagged vessel with 22 crew held by private security personnel as charter deal goes wrong.
- KLC takes off
Seoul-based owner sees profits climb by 981% despite its spending spree.
- US Navy in Somali pirate chase
Destroyer opens fire on pirate boats and gets nod from Somali government to enter waters to rescue crew of Japanese tanker.
- P&O officer "left men to drown"
UK court hears that Michael Hubble did not alert authorities after incident involving Pride of Bilbao and small yacht.
- Russian ports face strike
Tuapse and Sea Port of St Petersburg workers threaten November walk-out over pay.
- Bulkers fire up Wartsila
Finnish engine manufacturer sees increased orders for bulkers and ultra-large boxships pump up third-quarter figures.
- MOL well ahead
Second-quarter profit and sales surge at Mitsui OSK Lines but annual revenues not all they were cracked up to be.
- Gdansk workers demand action
Polish shipyard staff protest against potential delays in sell-off to Ukraine's Donbas.
- Lord of the rings
K Line claims golden profits as China demands more minerals ahead of the 2008 Olympics.
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| OCTOBER 30, 2007 |
- Japanese three profits soar on bulk, container gains
- Winter capacity cuts on the way, say MOL, "K" Line
- Maersk CEO explains rate increases, asks shippers' help on congestion
- Maersk denies express Far East/New York service again
- Matson's operating profit up 13% in 3rd quarter
- U.S. Supreme Court will hear Exxon Valdez case
- Somali hijackers capture chemical tanker
- Maersk outlines green credentials
- Seaspan results reflect drop in interest rates
- Samskip, Team Lines coordinate Bilbao services
- IATA says airport capacity shortage looming for India
- Kitty Hawk lays off 500
- Royal Jordanian Airlines joins TIACA
- Commerce not initiating antidumping action against Vietnam clothing
- CBP stops fraudulent textile shipments
- UPS, Staples jointly opening stores in China
- Long Beach port shelves truck plan vote, MarAd weighs in
- COSCO Pacific increases stake in southeastern China port
- Panama Canal says waiting time down
- Drydocks World acquires Singapore-owned shipyards in Indonesia
- Cruz named Manila International Container Terminal manager
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| OCTOBER 30, 2007 |
- Water in cargo hold possible cause of capsize
There are still four crewmembers missing after the tragic accident when the coaster Omer N capsized south of Danish Gedser on Sunday and in all, eight Turkish seafarers have probably lost their lives. The rescue operation has been discontinued and ...
- Golden Ocean buys kamsarmax newbuilding contracts
John Fredriksen-controlled dry cargo operator Golden Ocean Group has acquired eight newbuilding contracts for 80,000 DWT kamsarmax vessels for completive USD 410 million en bloc. They will be delivered quarterly from September 2008 from Zhoushan Jinhaiwan Shipyard in China ...
- Japaneese tanker taken by Somali pirates
The Japanese tanker Golden Mori has been hi-jacked by Somali pirates. The vessel was under way from Singapore to Aqaba, Jordan, with a cargo of benzene. US warships followed the tanker into Somali waters, but the pirates seem to ...
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| OCTOBER 30, 2007 |
- Ship measures included in California emissions act
State's own 'global warming' act will ask ships in port to switch off and plug in by 2010.
- Holiday affects Mexican bunker orders
- Oil, bunkers fall from record
Doubt that crude oil will reach $100 this year based on fundamentals.
- Office move for O.W. Bunker South Africa
- More record results from Japan
Japan's three leading shipping companies all doing well despite record bunker prices.
- Acquisition raises Chemoil's profile in the ARA
Supplier strengthens links with FTS/Hofftrans.
- Rotterdam market remains tight
- New team member at Bominflot Hamburg
- Asian November fuel imports lowest this year
Asia's fuel oil market expected to be tight in the coming month.
- Brightway aims to match Singapore quotes
Supplier wants to import fuel oil cargoes direct to Southern China.
- Crude oil price tops $93
Growing concern over tight global supplies.
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