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| APRIL 1, 2008 |
Shipping News
- Shanghai Port earnings rise 23%
Shanghai International Port (Group) Co, operator of the world's second-busiest container harbour, said profit rose 23 per cent last year as China's rising trade boosted demand for sea cargo transport.
- Gulf-Asia oil tanker rates likely to fall
The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may drop for a third day as oil companies delay hiring the ships they need, causing vessel supply to accumulate.
- Tanzania takes steps to ease congested Dar es Salaam port
Tanzania is taking steps to ease congestion at Dar es Salaam port and to cut the time ships have to wait to dock to 48 hours from more than three weeks in some cases, Infrastructure Minister Andrew Chenge said.
- VT Group's order backlog worth £4.7b
- Australia opens inquiry into HMAS Sydney sinking
- Route 3 completes link from China to S-E Asia
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| APRIL 1, 2008 |
- CSCL to buy terminal operation company from parent
- MSC corrects BAF increase on Med-US trade lanes
- 'K' Line, MOL launches second FE-WCSA loop, increases capacity 65pc
- Nanning-Guangzhou Railway project gets green light
- Asia West Africa Trade Agreement implements BAF of US$663 per TEU
- Hapag-Lloyd upgrades ANP Australia/New Zealand and US east coast service
- Rolls-Royce signs with Vietnam Shipbuilding Industry Group
- New ICTSI container terminal planned in Colombia
- IMO marine pollution committee moves closer to strict ship emission ban
- Panalpina Hong Kong receives Caring Company Award
- Polar, BA, Aer Lingus increase fuel surcharges on cargo
- ABX earns US$19.6 million in 2007
- China Eastern Airlines launches Kunming-Dalian service via Qingdao
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| APRIL 1, 2008 |
- Maersk Line in slot charter pact with CMA CGM; restructures services
- CMA CGM reinforces transpacific presence with Japan-Korea-/US West Coast service
- APL introduces LWX service
- Hamburg Süd, Hapag-Lloyd, HMM & APL to offer faster transits on AAUS service
- 4 Maersk Line services add Xiamen to port rotations
- Fesco China service adds Qingdao to port rotation
- AANA upgrades North Asia-Australia service
- MSC to hike BAF on boxes from Italy, Spain, France & Portugal
- Gulf region turning into hub for ship repair services
- Canada too proposes advance notice on import shipments
- DCI pays govt Rs 16-cr. interim dividend
- Varun Shipping acquires AHTSV from Norway
- Galbraith's expert sees freight rates' turning point after 2009
- LCL Agencies (India) is now LCL Logistix (India) Pvt. Ltd
- Spectacular leap in rubber exports in February, March
- French official talks business with TEA chief
- Chowgule pact with MMB to develop Jaigad port
- Cargo ships turn Mogadishu port into thriving biz centre
- Accord on interim relief for port workers
- Junkyard-bound ships prefer Bangla to Alang
- JNPT's 4th terminal gets Board's nod
- Hind Terminals flags off Bangalore-Nhava Sheva train
- Railways giving facelift to workshops
- TNT Speedage successfully integrated into global info system
- Four Soft, Take Solutions decide to merge
- 6 multimodal airport hubs on govt's agenda
- Derivative losses expected to total $ 5 billion
- High credit cost throttling growth-Fieo chief
- Move to rationalise duties on import of luxury goods
- Way to go, Kalantri tells Tatas
- Strategy to combat inflation on anvil
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| MARCH 31, 2008 |
- Swissport management shuffle
- APL to launch Laem Chabang West Asia Express (LWX) service
- CCS and Interfeeder merging into Contargo BV
- France: Sernam takes over Aster again
- GAC Group buys OBC
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| MARCH 31, 2008 |
- ITF gain access to Coral Sea prisoners
- MPA extends double-hull bunker tanker waiver
- Estonia first signatory of Wreck Removal Convention
- ITF backs distillates at IMO
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| MARCH 31, 2008 |
- Rowan to sell LeTourneau
- Noble inks $4 billion MOU with Petrobras
- HHI patents new shipbuilding method
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| MARCH 31, 2008 |
- Everett Port Commissioners Ok Todd Shipyards lease
- Marcon acts as broker in sale of crewboat
- Transportation insurance club announces gains for 2007
- Seattle port board eyes new emissions rules for Sea-Tac
- Trucking group calling for help with fuel prices
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| MARCH 31, 2008 |
- Mitropoulos slams shipping's green critics
IMO secretary-general says their views of industry's contribution to air pollution are "often ill-founded and inaccurate".
- MEPC 'could delay' pollution rules approval
- Barrot fights to save maritime safety laws
BRUSSELS transport commissioner is lobbying across the EU in an attempt to save two civil liability and flag state control laws.
- Kaohsiung officials charged with box fraud
PROSECUTORS detain two officials on charges related to the faking of the port's container handling volumes.
- Who will shoulder the burden?
GOOD, experienced, responsible and prudent seafarers are becoming like hen's teeth.
- It's what people think that matters
SHIPPING is under critical review this week as the 57th session of the MEPC takes place at Westminster's Horticultural Halls.
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| MARCH 31, 2008 |
- Melbourne sweeps away opposition
MELBOURNE channel deepening opponents The Blue Wedges Coalition have lost their second and possibly final court challenge to the dredging project
- Alang suffers as prices hit $750
SHIP arrivals at Alang in Gujarat ' once world's largest demolition yard ' have slowed to a trickle as Indian breakers find it increasingly difficult to compete with breakers from Bangladesh
- HHLA has designs on Russia
CONTAINER terminal operator Hamburger Hafen & Logistik is sounding out further investment opportunities beyond its core Hamburg market
- More rules urged for Antarctic cruises
AN environmental body interested in Antarctica is to ask the IMO to put stronger restrictions on ships cruising around the continent
- Sky Wonder back in the water
- Container fees can't fund roads
- India needs more steel
- STX setting up LNG subsidiary
- New broking service from ICAP
- COSCO to drop dollar for yuan
- Fog, human error caused Cosco Busan bump
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| MARCH 31, 2008 |
- Ups and downs for trans-Pac fuel fees
Trans-Pacific container lines in TSA and WTSA plan to lower bunker surcharges as of April 1, but raise them again May 1.
- IMO meets to approve stricter rules on ship emissions
- Rising costs threaten China manufacturing advantage
- U.S., EU seek mutual recognition of supply chain security programs
- Mixed ruling from WTO in U.S.-EU beef dispute
- APL average box revenue up 10 percent
- UAE builds China trade ties
- Probe: Fog, human error led to Cosco Busan spill
- Caterpillar shifts gateway from Halifax to Virginia
- Aloha Airlines shutting down passenger operations
- Security funds for Portland
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| MARCH 31, 2008 |
- MSC Sabrina starts the transfer of stranded boxes ' MSC Lugano catches fire
- NYK heralds business plan 'New Horizon 2010'
- PD Ports on a roll as it wins Teesport import centre green light
- European barge operators combine to offer one-stop-shop
- FEFC westbound volumes dip by 6% due to Chinese New Year
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| MARCH 31, 2008 |
- Hext sees symmetry
Pacific Basin defends entrance into ro-ro market and looks to ton-mile increases to bolster the bulker fleet.
- Pettersen pumped up
A 14% reduction in restated annual losses can't calm BW Gas boss as he lashes Norwegian government for tax "lies".
- New York loses appeal
Appeals court rejects effort to limit liability in a 2003 Staten Island Ferry crash because of a failure to follow watch rules.
- Fortis' Diana slice ebbs
Fortis Bank subsidiary sees its stake in US-listed Diana Shipping slit to below 5%.
- Analyst hikes Omega estimate
Omega Navigation's debt restructuring gets a thumbs-up from Cantor Fitzgerald.
- DryShips sells panamax
George Economou's Nasdaq-listed bulker owner offloads a 14-year-old ship for $55.5m.
- Just one more share ...
If DryShips or George Economou buy one more share of Ocean Rig, they will trigger a Norwegian law that may require a bid for the whole company.
- Omega hunting buys?
George Kassiotis-led tanker owner Omega Navigation secures new loan and refinances senior debt facility.
- DryShips extends options
George Economou's US-listed company shells out $20m to extend options for drillships on order at Samsung Heavy Industries.
- Serine refloated
Sierra Leone-flagged cargoship towed free of Croatia's Unije island after two months.
- Euroseas fixes boxship
Aristides Pittas' US-listed containership owner puts an 18-year-old vessel on a one-year time-charter.
- Boxship blaze off Oz
MSC-chartered vessel stalled off Fremantle after fire rips through engine room.
- Finnish buy-in?
Government could take stake in Aker Yards' Finnish operations to keep cruiseship knowledge in Europe.
- Down on bulkers
Shipowner Harry Vafias discusses his family's private companies and explains the Vafias group's pessimistic view on dry-bulk.
- Officer's fatal mistake revealed
UK accident report shows how weakened mooring rope snapped and killed Polish crewman in Dublin.
- Estonia first in wreck queue
Debut signatory to Wreck Removal Convention means nine more countries needed to enforce rules.
- ITF backs distillates
Union throws weight behind toughest of three emissions reduction options on table at IMO meeting this week.
- STX in for long haul
Korean shipbuilder won't move Aker Yard's cruiseship operations to Asia, Norwegian group's chairman says.
- Nam moves to ease concerns
Daewoo chief executive tells shipowner clients it's business as usual despite plans for stake sale.
- Another death at Tuzla
Accident claims one more life at Istanbul yard complex as worker falls from platform.
- Four dead at Tsuneishi
Welders killed in fall from roof of new ship-hull assembly plant at Japanese company's Philippines yard.
- Glovis buys PCTC trio
South Korean logistics firm spun off from Hyundai motor company is acquiring ships from Eukor.
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| MARCH 31, 2008 |
- WTSA to more than triple fuel surcharges by October
- Chinese New Year slows FEFC's February westbound volume
- APL's volumes, rates higher
- CTSA lines raising BAF
- New York loses bid to limit liability in ferry crash
- CSAV Group opening Malaysia agency office
- Aviation deregulation kicks in for U.S.-EU market
- WFS buys majority stake in British Airways Regional Cargo
- British Airways transfers Texas flights from Gatwick to Heathrow
- UPS Freight workers begin voting on contract
- Toll relief for International Bridge
- European shippers want feedback to help cut out documentation errors
- Bankruptcy court approves sale of Summit to management group
- Agility opens Slovenia, Austria branches
- Econocaribe starts Miami/Hong Kong service
- KLM renews Boeing spare parts contract with Pro-Service
- HHLA profit up 15%
- Jacksonville port, Hanjin sign development agreement
- N.Y.-N.J. Port Authority funds Bayonne Bridge study
- Port of Felixstowe upgrading South Rail Terminal
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| MARCH 31, 2008 |
- Series of failures led to the sinking of Bourbon Dolphin
A change of course to port caused the mooring chain to shift from the inner starboard tow pin to the outer port tow pin which led to a major list to port on the anchor handling tug Bourbon Dolphin on ...
- Pride of Telemark postponed to mid June
The Norwegian ferry Pride of Telemark will not come back to service until mid June on the Hirtshals ' Langesund run. During the repairs of the engine rooms some further and complicated deficiencies have been found and additional work is needed ...
- Thieves grabbed 115 tons of copper in Helsingborg
115 tons of copper worth SEK six million were stolen in the port of Helsingborg during Easter. "The thieves have acted very professionally, we have guards, alarms, surveilliance cameras and yet they have succeeded", says Per-Olof Jansson, managing director ...
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| MARCH 31, 2008 |
- Dan-Bunkering shifts offices
- Criticism of shipping 'disappointing and disconcerting'
IMO will rise to challenges threatening the environment; failure is 'not an option', says Secretary-General.
- Bunker market report from Praxis
- New call for residual-fuel ban in Antarctic waters
Environmental group wants IMO to act, warning that IFO spills would be 'exceptionally difficult' to handle in icy waters.
- Rottedam market MDO hardly available
- IMO committee begins key meeting
Recommendations made this week could shape the bunker industry for years to come.
- Hyundai to trim April bunker output
Refiner plans to cut production back to February levels.
- Wired Bunkering moving to new premises
- wIMO urged to endorse abatement technology
Environment technology group warns of health risks if abatement technology is excluded from IMO's emissions reduction plan.
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