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| JULY 1, 2008 |
Shipping News
- LCL may fill gap if container shipping market softens
The less than container load (LCL) market is a small but important part of the freight-forwarding market.
- Samsung Heavy gets biggest order - for 9 ships
Samsung Heavy Industries Co, the world's second-biggest shipbuilder, said it won a 1.58 trillion won (S$2 billion) order from the Middle East to build nine large-sized container vessels, its single biggest order.
- Largest China shipmaker to sell shipyard
China State Shipbuilding Corp (CSSC), the country's largest ship-building group, has put its Wenchong Shipyard up for sale on the Beijing Equity Exchange for 3.04 billion yuan (S$603 million), according to the exchange's website (www.cbex.com.cn).
- Msia's MTD enters port biz with Indonesia terminal project
- Kuwait gets ready in case Iran shuts Gulf oil route
- Greece to toughen rules after ship accident
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| JULY 1, 2008 |
- Moves to open up box market to derivatives trading
- Shenzhen's YICT installs new stowaway heart beat detector
- HK mulls taking shipping lines over terminal operator to run CT
- Hunan, Guangdong and HK to start direct trucking service
- TNT offers time-sensitive heavy freight service in southeast Asia
- Morgan Stanley to handle Russia's TransContainer's IPO
- Santos dockers and Brazilian truckers strike over wages and road tolls
- African trade, transport seminar to be held in London
- Siberian Leasing Company to rent railcars for US$19 million
- Kuehne + Nagel, Airdex to implement greener airfreight solutions
- ABX Air hopes counter proposal will break DHL's UPS deal
- Philippines additional air capacity deal with Hong Kong takes effect
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| JUNE 30, 2008 |
- Etihad launching Minsk service
- Schenker becomes sole owner of Schenker Industrial Logistics
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| JUNE 30, 2008 |
- Chemoil expands in Gulf of Mexico
- Credit crunch fails to dampen enthusiasm
- Lack of dredging hits Lakes trade
- London Club launches enhanced charterers cover
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| JUNE 30, 2008 |
- Larsen orders fourth ultra deepwater semi at Jurong
- UASC places mega order with Samsung
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| JUNE 30, 2008 |
- King County Ferry District taking charge of Seattle/Vashon run
- SSA Marine joint venture receives Vietnam Investment Certificate
- Coast Guard Barque EAGLE stopping in Seattle tomorrow
- New Super Post-Panamax crane headed to Vancouver, BC port
- Steel imports into US drop during month of May
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| JUNE 30, 2008 |
- Maersk Line cuts Asia loop as fuel costs rocket
REMOVAL of AE5 loop is a temporary measure in response to escalating bills and the need to contain costs.
- Maersk boxship orders defy market slump
- First Class goes ahead with IPO
FIRST Class Navigation appears to be proceeding with IPO, having cut offering to 12.5m units.
- Shipbuilders' earnings set to accelerate in next two years
BUT HSBC report says slowing order growth and dramatic rise in capacity could represent downside risks further ahead.
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| JUNE 30, 2008 |
- Union anger over yard privatisation
Unions in Gdansk have claimed Poland's restructuring plans for two Polish shipyards are invalid because they were not consulted over the plans
- US Senate OKs Marpol Annex VI
MARPOL Annex VI could soon be made into law in the US as the US Senate has largely adopted the convention
- Iberdrola to supply LNG to Norway
IBERDROLA, Spain's leading energy group has secured a $100M deal to supply LNG to Norwegian gas company Gasnor
- Aker asks STX for cash
AKER Yards has requested short-term funding from STX Corporation after the sale of 70% of Aker Yards' Merchant Vessels Business to Russian investment company FLC West was delayed
- Gambia seeks Iranian maritime help
GAMBIA and Iran have concluded an MoU on maritime matters including shipbuilding, ports and seafarers
- Sulpicio appeals for permit to sail
SULPICIO Lines is losing more than $2M a day while its ro-pax fleet is grounded subsequent to the Princess of the Stars sinking
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| JUNE 30, 2008 |
- ILWU, employers talking ahead of West Coast waterfront contract deadline
Bargaining continued Monday as negotiators raced against the expiration deadline of the current contract at 5 p.m. Tuesday.
- US, allies won't allow Iran to block shipping
- Maersk suspends busy Asia-Europe service to save fuel
- ILA wins Evergreen appeal
- US signs customs pacts
- Savi wins Defense contract
- United States could block Russia WTO move
- Airbus picks Kuehne & Nagel as lead logistics provider
- EU reviews shipping
- TWIC sign-up added
- New Panama Canal Rwy. head
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| JUNE 30, 2008 |
- Waterford twists the knife
- UASC orders nine VLCS from Samsung
- Maersk suspends AE5 service as fuel crisis deepens
- Freight forwarder conference cements Chinese links
- Ghent signs up first box customer
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| JUNE 30, 2008 |
- Aries' anticlimax
Mons Bolin-led boxship and products tanker owner says it has ended its review of strategic alternatives with the decision to stay its old course.
- Scrambling for oil
New York analyst hikes rate assumptions for US-listed tanker owners as OPEC output hike meets strong demand.
- Still probing
Carnival says Florida attorney general has dropped fuel supplement review but is still investigating potential antitrust violations.
- And another...
Jinhui buys its third ship of the day with newbuilding handysize deal at Naikai Zosen in Japan.
- PMA upbeat
Employers group points to a positive mood as a deadline looms in US West Coast dockworker labour talks.
- Maersk cuts back
Higher bunker costs lead to top liner operator taking 4,000-teu a week of capacity out of Asia Europe services.
- Ferry nice
Staten Island Ferry operations chief tells TradeWinds Web TV that the municipal service runs a lot more like a traditional maritime operation.
- Excel pays double
US-listed bulker owner prepares to double its payout to shareholders after Quintana merger.
- Yard's stadium job
Argentine shipyard is helping install the roof on the country's first covered stadium.
- Sulpicio sues
Owner of Princess of Stars ferry blaming the Philippines weatherman for tragedy.
- Yard sale
China State Shipbuilding Corporation puts Guangzhou Wenchong on auction block.
- Aker in $89m loan
Delay in yard sale to FLC West leads to STX financing deal.
- Cash for Tallink
Estonian owner gets helping hand from Europe to pay for new ferry.
- Capsize deaths
Chinese cargoship overturns in Yellow Sea, with up to 10 crew feared dead.
- Samsung seals it
Kuwait-based UASC signs huge $1.5bn deal for mega-boxships at Korean yard, its biggest ever order.
- Volgaflot profits
Russian river-sea cargoship owner has made it into the black for 2007 after loss-making first six months.
- Shipping fizzle
Dangerous cargo fears put damper on Fourth of July celebrations for Chinese firework factories.
- Mana from Leirvik
Norwegian yard delivers platform supply ship to expanding Indian owner Garware.
- Toxic puzzler
Salvors working out how to remove illegally carried pesticide from capsized Princess of the Stars.
- Ferry grounds
Passengers and crew safe after NEL Lines ship hits reef in Aegean.
- Cochin waits
Shipping ministry still considering state-owned yard's plan to raise expansion cash in IPO.
- Jinhui inks bulkers
Bulker owner agrees to acquire two 92,500-dwt bulkers on order in China.
- RXT fixes
Norwegian seismic company takes DP2 newbuilding for up to 12 years.
- Able good to go
UK ship recycling company gets green light from UK authorities to start work.
- Chemoil bulks up
Singapore listed bunker supplier adds tonnage in Gulf of Mexico and Fujairah.
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| JUNE 30, 2008 |
- Carriers meet to discuss exporters concerns
- UASC signals intent with mega-ship order
- Maersk to cut Asia/Europe capacity as fuel costs bite
- Survey: Shipping confidence good, higher finance costs anticipated
- Great Wall Airlines appoints Tay as VP, sales and marketing
- Mikuriya tapped to lead WCO
- USTR to study Vietnam GSP eligibility
- Vietnamese courting trouble over currency concerns
- Chinese fireworks manufacturers facing a dud of a year
- Target Logistics changes name
- West Coast dockers' labor talks likely to continue into July
- Ports America shuffles top executives
- Forth Ports predicts positive first half result
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| JUNE 30, 2008 |
- Another tanker for Aegean
4,600 dwt double-hull bunkering tanker newbuild to be deployed in Gibraltar.
- Bid to cut emissions without fuel restrictions
Research engine to take deteriorating fuel oil quality and scrubber compatibility into consideration.
- Tanker operator introduces slower steaming
Torm official says a two knot cut in speed can cut fuel consumption by 15 mt a day.
- Ferry leaks fuel contaminated water
Greek minister calls for tougher penalties after ferry is grounded on a reef.
- Global bunker market report
- Independent player ready to supply in Antwerp
New Ocean Energy subsidiary to focus on supply of regular and low sulphur fuel oil.
- Fuel oil demand 'halves' in key Asian market
Shanghai terminal operators say shore-based fuel oil buyers are looking for alternatives.
- US Senate passes Annex VI bill
Enabling legislation now awaiting presidential signature to become law.
- Singapore prices continue to firm
Bunker prices in other major Asian ports also gained.
- Rotterdam barges tight until July 2nd
- East Asian fleets to suspend tuna fishing
Fishermen suspend operations as high fuel prices bite.
- Chemoil charters new tanker for Gulf of Mexico
Global marine fuel supplier says new tanker will be deployed in the second half of July.
- East Asian shippers to 'reject' new bunker surcharge
Shipping lines plan new surcharge on East Asian routes from July 1.
- Cosmo suspends low-sulphur offers
Supplies expected to resume at the end of September.
- Analyst: Bunker costs to hurt Royal Caribbean profit
Lowers profit forecast, target price for cruise company.
- Hambantota may lease out tank space
Local or foreign firms could lease tank space at Sri Lanka's bunkering project, an industry source says.
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