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| FEBRUARY 1, 2008 |
Shipping News
- Asian shippers to brave global slowdown
Executives at Hong Kong-listed shipping firm Pacific Basin should have little reason to smile.
- Maritime degrees for 1st grads
THE inaugural batch of students from the Bachelor of Maritime Operations programme have been awarded their degrees.
Admiralty Casebook
- Shipper always liable for freight charges
A US appeals court has upheld a ruling that a retailer had to pay freight charges incurred for the shipment of its goods even though its broker and the carrier had agreed that the broker was liable for the charges.
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| FEBRUARY 1, 2008 |
- Asia Australia Discussion Agreement drops peak season surcharge
- Chaos ends as order returns to Shekou customs in Shenzhen
- Mega-US property developer AMB to set up distribution facility in Shenyang
- Suzhou now No 3 in foreign trade value as total exceeds US$200 billion
- Hong Kong's OOCL opens Phnom Penh office to enhance Indo-China network
- Intermodal growth ups 2007 Duisport volume to 55 million tons
- Savi pilots RFID solution to track auto parts for Land Rover
- AAPA figures show slower airfreight growth in Asia Pacific in 2007
- Singapore, Denmark, Norway, Sweden sign bilateral Open Skies accords
- Boeing begins wing assembly of first Air France-bound 777 Freighter
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| FEBRUARY 1, 2008 |
- Deutsche Bahn implements new brand structure
- Little Italy mops up 24 pc of coffee exports
- 43 pc of Dubai's exports comes to India
- For a few tonnes more!
- FDI limit in cargo airlines hiked to 74 pc
- ICD-Amingaon to stay open for tea shipments till March-end
- Shanghai-Hamburg railway dry run completed in 15 days
- GDL puts up good show in Q3
- 24 in fray for Udaipur airport facelift
- Aswin Bhat soars with Swiss WorldCargo
- Pawar-no plan to cut edible oil import duty
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
- IFFCO rolls out red carpet for Jordan royalty
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| JANUARY 31, 2008 |
- Brussels barges in on class
- Coral Sea trio to be kept in jail without charge
- New route for Imarex
- Camillo Eitzen pulls out of pool
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| JANUARY 31, 2008 |
- NASSCO wins $459.8 million T-AKE award
- $6 million upgrade for Harvey Gulf International OSV
- New special ops craft exceeds 50 knots
- Jinhui cancels two VLOC orders
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| JANUARY 31, 2008 |
- Audit Response Action Plan added to Port of Seattle website
- Panamanian ports report record box moves during 2007
- Mystic Seaport student earns Crowley memorial scholarship
- Oregon governor names pair to transportation commission
- Boeing begins assembly of new 777 freighter
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| JANUARY 31, 2008 |
- US bulk operators fear China will not fulfil orders
NEW York forum doubts Chinese shipyards ability to meet huge orderbooks and deliver ships on time.
- South Korea loses top shipbuilding slot to China
- Jinhui axes VLOC order as credit crunch bites
BULKER operator cancels $245.24m deal to keep overall cost of borowing in check.
- ICAP swoops for Capital Shipbrokers
WORLD'S biggest inter-dealer brokerage expands presence in tanker market.
- Gazprom seeks to break down barriers in Nigeria
GAZPROM cannot be accused of being coy about its ambitions to capture a larger share of international gas markets.
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| JANUARY 31, 2008 |
- North Cyprus to expand Syrian links
The rebel state of North Cyprus will expand its shipping links with Syria and a controversial ferry service will resume shortly
- Peel Ports eyes overseas projects
PEEL Ports, the UK's second largest port operator, says it is still interested in investing in port internationally ' despite reports to the contrary
- International future for new course
SINGAPORE has presented its first cohort of maritime graduates from a course that it hopes will be globally significant
- Port president arrested for fraud
THE port authority for Itajai, Brazil, has a new interim president after Wilson Francisco Rebello was arrested on Monday on suspicion of fraud
- Dredging delays haunt Hamburg
DRAUGHT problems in the Elbe have not stopped Hamburg grabbing more container market share, but the spectre of dredging delays is making box and bulk operators anxious
- Market mayhem stops Seacastle IPO
SEACASTLE, a container and intermodal holding company, has failed to go public on the New York Stock Exchange as a result of market unrest
- Tired pilot blamed for grounding
- Tankers tempt ICAP to buy Capital
- POSCO gets Vietnam nod
- MarAd sells 'ghost ships'
- Snow in China damages logistics
- Blizzard blamed for fatal collision
- Dredgers suspect as MidEast cut off
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| JANUARY 31, 2008 |
- Ports America CEO Tilden predicts cargo diversion absent upgraded capacity
Executive says projected Asian cargo surge over next decade will flow through Mexico or Canada instead of West Coast ports.
- BBC merges U.S. operations
- Intermodal loadings lead rail traffic decliners
- Seattle port plans new controls on construction projects
- "K" Line profits rocket
- U.S. steel imports fall
- Bulk powers MOL earnings
- Hanjin starts China-India loop
- Hamburg boxes climb 11.6%
- NY forwarders honor King
- Rotterdam signs fruit pact
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| JANUARY 31, 2008 |
- Portonave meets threats with ice-cool response
- 'Heaviest snowstorms in 50-years' paralyzes China's production
- Eurogate poised to develop Flushing terminal
- EMERA and IPBCC implement new eastbound rate hikes
- Double-digit decline for Port of Charleston
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| JANUARY 31, 2008 |
- Ro-ro listing off UK
The UK coast guard is working to rescue four passengers from the Seatruck ro-ro Riverdance as it lists in the Irish Sea.
- Tidewater purchases shares
US offshore vessel giant pumps $50m more into a share repurchasing program.
- Injury toll at 12
BPZ Energy releases details of a fire aboard a military-chartered products tanker off Peru.
- K-Sea gets an A
US tank-barge owner's quarterly profits jump by 152% on the June acquisition of Smith Maritime Group.
- CMB buys and sells
Compagnie Maritime Belge sells an FPSO co-owned with Exmar and buys a bulker.
- More VLGC blues
Weak rates for very large gas carriers contribute to $21.6m loss for Belgium's Exmar
- SFI ties up boxships
Two 1,700-teu containerships to transition from short-term time-charters to long-term bareboat fixtures.
- CPP banks $350m facility
With expansion in mind, US-listed products tanker owner inks credit with HSH Nordbank and DnB Nor Markets.
- Torm taps CFO
US and Denmark-listed owner hires a former AP Moller-Maersk executive for the top finance job, 19 months after the resignation of his predecessor.
- Erria offers up another
Danish owner inviting investors to snap up 60% of 2006-built chemical/products tanker.
- Svensen: 'IACS not a cartel'
Commission has its wires crossed as cooperation between association members is required by EU law, chairman says.
- ITF union: Viking won
British ratings' union RMT says European Court of Justice verdict in Finnish ferry case was a victory for employers.
- Marinakis in the money
Nasdaq-listed Capital Product Partners sees profit boosted by late upturn in the spot market.
- Eimskip free of airline baggage
Icelandic line looks forward to life without loss-making air freight operations as profit rises.
- Numbers up at Kirby
Full-year profit and sales figures up at US tank-barge operator Kirby Corp.
- Jinhui pulls plug on VLOC pair
Credit crunch forces Oslo-listed owner to cancel $245m worth of shipbuilding contracts.
- Hanjin hot in the fourth
South Korean shipowner will splash $1.27bn on vessels and equipment after seeing full-year profits soar.
- New ferry springs a leak
Quick spot of welding needed after new Robben Island vessel launched at Far Ocean Marine.
- Sleepless in Chesapeake
Over-tired pilot wrapped in USCG report into grounding of panamax bulk-carrier off east coast last year.
- Icap Hyde snaps up Capital
UK dry cargo broker makes move into tankers by buying London chartering and S&P specialist.
- Keppel strong on home straight
Singapore-listed shipyard enjoys lucrative fourth quarter with full-year profits up 85%.
- K Line nearly doubles its money
Another of Japan's big three posts strong profit on Thursday as bulkers and boxships strengthen.
- Yards ahead in China
China State Shipbuilding Co reports bumper 2007 profit but won't reveal actual figure.
- HHI on a high
Korean shipbuilding giant sees record profit in fourth quarter and strong first half bolster annual result.
- Shipping brings down the net
Anchors blamed for cuts in two undersea cables that have disrupted internet services in Middle East and India.
- Deja-vu for K Line Kinkai
K Line unit has again upped its full-year forecast after an improved nine month showing..
- MOL benefits from bulkers
Soaring dry markets make up for weaker tanker and boxship sectors as Japanese owner increases third-quarter profit.
- Strategic scoops three
Australian shipbuilder's Singapore yard to build crew vessels for Dutch group Smit.
- Daewoo gets gassed up
South Korean shipbuilder nets a $500m two ship order from Brunei LNG, with another two options in waiting.
- Greeks go newbuilding nuts
Shipowners took their spending on newbuildings in 2007 to $32bn, according to brokers George Moundreas.
- Sasebo steps on the gas
Japanese shipbuilder's nine-month profit soars as it diversifies into LPG ships.
- Shell loses clean crown
UK oil major has been overthrown as the king of the clean charters, but who is the new No 1?
- Profits ease at Taiheiyo
Japanese tanker and bulker company sees third quarter performance decline by almost 40%.
- Seacastle shelves IPO
Vessel- and container-owning firm blames "unfavourable market conditions" for decision.
- HPH inks Brisbane terminals
Li Ka-Shing's Hutchison Port Holdings to lease container facilities at Aussie port in AUD200m deal.
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| JANUARY 31, 2008 |
- European regulators raid classification societies
- MOL profit up 66% after three quarters
- Hanjin Shipping sees profit drop 66% in 2007
- Containerships switching Poland calls to new DCT Gdansk terminal
- FEFC keeps same BAF, CAF charges for March
- BPE offers online training for trade specialists
- OAS urges extension of Caribbean trade pact
- New border crossing ID regulations start
- APHIS reopens comments period on citrus shipments
- Summit Global Logistics files under Chapter 11
- GreenCarrier brand expanded to Estonia
- Antwerp's box volume up 16.5% in 2007 to 8.2 million TEUs
- Mexico to start 1,200 infrastructure projects by March
- Ceres Terminals promoting Crouch, Ziegler
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| JANUARY 31, 2008 |
- Mærsk sells its car carrier fleet to Höegh
A. P. Møller-Mærsk and Höegh Autoliners has come even closer to each other after a deal done this week in which A. P. Møller-Mærsk has sold its entire fleet of car carriers to Höegh Autoliners and has been ...
- Mounting marine insurance hull and cargo claims
During the first six months of last year 20 major claims amounted to a claims bill for hull and machinery underwriters of around USD 780 million. The full year's total is now expected to be in the excess of USD ...
- Containerships to DCT Gdansk
Containerships has concentrated its Polish traffic to the new DCT Gdansk deepwater container terminal. There are two weekly services from the terminal: Gdansk'S'dert'lje'St Petersburg'Helsinki'Aarhus and Gdansk'Teesport. The Containerships Group has its headquarters in Helsinki and ...
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| JANUARY 31, 2008 |
- Russian terminal to cut fuel oil exports
Terminal operator wants to concentrate on middle and light distillates.
- Japanese lines keep record forecasts
But 'skyrocketing' bunker costs are denting profit potential.
- Rotterdam market stable at midday
- 'Severed cables' hit internet services
Parts of Middle East and India face problems but bunker markets escape disruption.
- Petrobras confirms lease at Helios Terminal
Petrobras and Chemoil agree long-term lease at Chemoil's new Singapore terminal.
- Operations at Helios Terminal 'successfully' underway
Chemoil's new 7,000 dwt will bunker tanker will help it deliver larger stems.
- Fuel oil inventory at all-time high
Singapore's onshore stocks of residual fuel above 16 million barrels.
- Chinese New Year charges to apply in East Asia
China, Hong Kong ports to apply additional charges; some Taiwan ports to close for holidays.
- SPC net profit soars 78.6% in 2007
SPC chairman says 2007 results 'the group's best performance to date.'
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