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| MAY 2, 2008 |
Shipping News
- Baltic Dry Index rises to 4-month high on ore demand
The Baltic Dry Index, a measure of shipping costs for commodities, rose to the highest in more than four months on demand for iron ore and a lack of available vessels in the Atlantic region.
- Port Authority held liable for 1993 bombing
A state appeals court ruled on Tuesday that the Port Authority was liable for damages caused by the 1993 World Trade Center bombing because it knew about but chose to ignore 'an extreme and potentially catastrophic vulnerability that would have been open and obvious to any terrorist who cared to investigate and exploit it'.
- China fights iron ore freight premium as deadline looms
China's steel industry still opposes including any freight premium in iron ore prices in negotiations with Australian miners, even as pressure rises to seal a deal in the next two months.
- New Port Klang chief to ascertain FTZ's viability
- General Maritime's Q1 profit falls 23%
- Russian port reports doubling of profit
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| MAY 2, 2008 |
- Marine insurer TT Club net worth up 9pc in 2007 rose to US$149 million
- Shanghai, Chongqing, Sichuan sign customs clearance cooperation agreement
- CIFA to unveil second phase credit status appraisal results
- Tianjin to build container pallet manufacturing base
- Long Beach mayor presses green cause with IMO eco-chief
- Horizon to start US coastal service later this year
- DP World wins Seatrade Global Performer 2008 Award
- Tianjin Airport to launch first service to US
- Continental rules out merger seeing more risk than reward
- Qantas to raise domestic, international fares from May
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| MAY 2, 2008 |
- T. S. Pusan makes maiden call at Pipavav as part of new Hyper Galex II service
- GE Shipping delivers Jag Akshay
- Australia testing toxicity of containers used for housing!
- Flower exporters entitled to 2.5 pc more duty credit-Nath
- Rs 8,000/tonne export cess imposed on Basmati rice
- India, Indonesia reject WTO draft on fisheries subsidies
- India keen to join EFTA, says Nath
- Two berths of Haldia dock to be leased to pvt. contractor
- Haldia Dock to be shut for dredging
- UPS, AFL join hands to deliver Alfonso delight the world over
- 1th plan targets 5 m jobs for textile industry
- Panel recommends Rs 1,295 cr. to bail out handloom industry
- Chidambaram effects duty changes to muzzle inflation
- 1-yr deadline for 4 pc CVD refund claims
- Credit policy contains positive features for export sector-Fieo chief
- Surge in Q4 infra investments dispels slowdown fears
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| MAY 1, 2008 |
- Cosco arms ship "not heading home"
- Horizon Lines wins award
- Fulford-Smith leaves Clarksons
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| MAY 1, 2008 |
- Iraq war protest shuts down U.S. west coast ports
- Pride International wins five year BP contract for third newbuild drill ship
- HOS reports strong first quarter
- Rolls-Royce wins orders for safer anchor handling equipment
- Clarkson ousts CEO
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| MAY 1, 2008 |
- New radio controlled bucket going to work at Port Vancouver, USA
- NAFTA partners see gains in transport numbers during February
- Horizon Lines take home Mary Patten Valiant Ship Award
- Port of Bellingham wants comments on Stormwater Management Program
- First Boeing 777 Freighter makes way onto flight line
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| MAY 1, 2008 |
- Allen slams USCG funding bill
US COAST Guard chief describes $8.4bn Authorisation Bill as hindering the agency's core missions.
- USCG issues 'symbolic' new ruling on Cuba stop-off ships
- Stena places $942m order for fourth drillship
STENA Drilling orders fourth drillship from Samsung but price is 50% higher than first three.
- Fulford-Smith could stay at Clarksons
RICHARD Fulford-Smith could continue to remain a member of the Clarksons team despite being asked to step down as chief executive.
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| MAY 1, 2008 |
- Fulford-Smith ousted by Clarkson's
RICHARD Fulford-Smith has been asked to step down as the CEO of Clarkson, the world's largest shipbroking company.
- California ports shut by strike
California's three main container ports of Los Angeles, Long Beach and Oakland were shut Thursday by a May Day labour strike. Operations at the state's other ports were reported to be severely curtailed
- DryShips upgrades fleet
GREEK operator Dryships is renewing part of its fleet, disposing of three mid-1990-built bulkers and acquiring three newer vessels
- Chinese arms ship: Update
AN Yue Jiang, the cargo ship at the centre of a row over an alleged cargo of arms, is not en route back to China but is waiting outside the port of Luanda, the ITF believes
- Polynesia loses another cruise-ship
PRINCESS Cruises' decision to withdraw the 700-passenger Tahitian Princess from its six-year base, the Tahitian port of Papeete, is causing concern in French Polynesia after a recent decline in South Pacific-based cruises
- Cruise line folds after four months
THE UK'S Van Gogh Cruise Line has folded, blaming high fuel prices ' only four months after the company was founded
- Box bonus for Brazilian operator
SEPETIBA TECON is about to invest Reais30m ($18.07M) in new equipment, including two super post-Panamax gantry cranes, so the Brazilian box facility can handle vessels of up to 8,000teu.
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| MAY 1, 2008 |
- ILWU action shuts down W. Coast ports
While the impact will be short-lived, the PMA says the work stoppage sets the wrong tone for ongoing labor negotiations.
- Trailer Bridge suspends possible sale
- Trans-Pacific fuel surcharges rise sharply
- Oberstar rips administration on WRDA
- Clinton, Obama co-sponsor Fair Currency Act
- Lockheed to acquire Eagle Group International
- Sluggish GDP in Q1
- U.S., ASEAN talk trade
- Ports America in Houston port container venture
- New bid for Aloha cargo
- India shipping conference agrees to cease operations
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| MAY 1, 2008 |
- Panalpina Q1 earnings drop 40%; board strengthened
- Automatic vessel mooring for APM T at Salalah
- Hapag-Lloyd names its second mega-training ship
- Colombo's south harbour concession tender to be re-floated soon
- NZ meat merger plan sliced and diced
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| MAY 1, 2008 |
- Probe scuttles sale
Puerto Rico container barge specialist Trailer Bridge nixes strategic alternatives search amidst a US Justice Department probe.
- Lawsuits fly in probe
US container liner operators under investigation by federal officials are named in a series of class action lawsuits by shippers.
- Ports screech to halt
Longshore union strike shuts down US West Coast ports, but operators say the move violates their labour contract.
- MCA rejects arbitration offer
Safety agency rejects offer of help from arbitrator to resolve dispute with coastguard union.
- Bigger fleet buoys Hornbeck
First-quarter profits jump by 32% at US offshore vessel and tank-barge player amidst growing OSV fleet and positive offshore market fundamentals.
- Fulford 'devastated'
No Russian plot behind swift departure but ousted CEO's handling under scrutiny.
- Offshore orders stall
Newbuilding contracts for support vessels hit the buffers during April with no new deals signed, broker says.
- 'Scapegoat' Fulford saw it coming
Axed Clarksons CEO Richard Fulford-Smith says chairman was "after his head for some time'.
- SeaRail secured
Rail-ferry service between Finland and Sweden will continue after Tallink sells stake.
- DryShips buys and sells
US-listed owner confirms sales as it ups tonnage and continues a bulker fleet renewal.
- Fulford's exit hurts Clarksons
Stock in London shipbroker takes a tumble after shock departure of high-profile CEO.
- Drydockings curtail Fisher
UK owner's tankers off to slow start in 2008, but marine services performing strongly.
- WSF scraps ferry plan
Washington state owner deterred by cost of 50-car newbuilding and will continue to charter-in.
- Tsar performer
Right to buy half of compatriot terminal sends Novorossiysk Port to top of TradeWinds Shipping Index chart.
- Passengers rescued from ferry
Naval ships and helicopters save 113 after Naviera Armas ship began to capsize.
- Magic three for Hellenic
Greek dry-bulk owner Hellenic Carriers ties up latest panamax purchase with three-year charter to Hanjin at strong rate.
- Five dead in Sydney collision
Trawler collides with stolen cruiser normally used by workers of Sydney Ship Repair and Engineering.
- CalMac charters Canna
Scottish owner's ferry will continue N Ireland service for new operator after it lost out in tender.
- Sea Containers settles SeaCo row
Chapter 11 ferry owner ends dispute with GE Capital over joint venture box leasing firm.
- Underwriters grab Seaspan stock
Merrill Lynch and Goldman Sachs exercise over-allotment options to leave New York-listed shipowner on course for $230m pay day.
- Arms ship still off Luanda
ITF says Cosco vessel carrying arms for Zimbabwe shows no sign of returning to China.
- Samsung confirms Stena drillship
Swedish group signs for fourth drilling unit at Korean yard, at a cost of $942m.
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| MAY 1, 2008 |
- Matson 1st quarter operating profit slides 15%
- FEFC increases BAF, CAF for June
- Evergreen goes it alone on Asia/Mexico/Panama service
- ESPMC-WITASS raises BAF
- Hapag-Lloyd names 8,749-TEU ship
- APL names Bl'ck managing director for Germany, Central Europe
- ClassNK opens Zhoushan, China office
- Ocean service reliability a bone of contention
- Ebeling: Government support keeps U.S.-flag international lines afloat
- "K" Line in India agency joint venture
- Wallenius Wilhelmsen names new ship
- First Boeing 777 Freighter leaves factory
- British Airways World Cargo management changes
- GES opens New York, New Delhi offices to focus on air freight
- Seguin to head UPS's European operations
- Aloha Airlines shutters, to liquidate air freight division
- Rail antitrust legislation passes House judiciary hurdle
- Waterways Council wants Congress to reject proposed user fee
- Nippon Express starts road service connecting Hanoi and Bangkok
- Schneider adds Toronto truck brokerage office
- CITAC calls on Commerce Department to end zeroing practice
- La. shipper fined $132,791 for illegal exports to Iran
- USDA will issue permits for Guatemalan blueberry shipments
- U.S. economy grows 0.6% in 1st quarter
- U.S., Mauritius to implement trade, investment agreement
- Former Customs official Shibles joins Sandler, Travis & Rosenberg
- Davies Turner offers AEO advice
- Landstar appeals FMC order
- FMC reviews 24 OTI license applications
- U.S. ports at "crossroads" without adequate dredging
- Construction begins in DP World Peru terminal
- Venture to run Houston Barbours Cut empty container yard
- Hong Kong terminal goes electronic on transshipment documents
- Panama Canal, VPA commit to further info sharing
- S.F. port looking to attract cargo handling firm
- Guam port asks court to dismiss crane suit
- Louisiana bill seeks Gulf container hub
- Vancouver USA port asks court to force Alcoa land deal
- Panama Canal, VPA commit to further info sharing
- Port of Mobile names three executives
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| MAY 1, 2008 |
- Ship operator sees dip in revenue
Negative impact of bunker cost being 'actively managed'.
- UK supplier sees record turnover
Henty Oil puts back start date for new storage tanks.
- New barge rates for Shanghai
- Second decimal place could cost billions
Strict new IMO sulphur interpretation will increase blending costs.
- Bunker costs hurt carrier's China trade lane profits
US carrier says average bunker costs up 60% from a year ago.
- Houston, Texas: New Stolthaven bunkering regulations
Bunkers have to be loaded at the same time as cargo.
- GS Caltex raising bunker output in May
Other Korean refiners will most likely maintain their bunker output.
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