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| SEPTEMBER 2, 2008 |
Shipping News
- Indian shipbuilders gaining from spillover global orders
THE Indian shipbuilding industry is upbeat due to the flow of new orders, with observers estimating a three- fold rise in orders in the past year-and-a-half.
- Daewoo shares hit hardest as Korean yards skid
Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipyard, slipped the most in more than a year in Seoul trading yesterday on concern a weaker won would increase hedging losses.
- Billionaires' yacht rivalry spills into court
Poised to skate across the waves off Anacortes, Washington, is a 90-foot, three-hulled wonder-yacht designed to crush its competitors in the next America's Cup. With a price tag of more than US$10 million, it was built for the racing team of Lawrence J Ellison, the billionaire who runs the Oracle Corp.
- KL working to secure release of crews of hijacked tankers
- Somali pirates a growing threat to shipping
- China plans to beat own fastest train service record
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| SEPTEMBER 2, 2008 |
- Evergreen Marine sees profits take a 35pc dive in Q2
- Asian shipping giants take a slice of Euromax terminal
- Da Chan Bay Terminal One holds business seminar
- DP World doubles profits despite downturn, sees growth ahead
- Grand Alliance adds Valencia call to EUM service
- ICTSI's Argentine Tecplata CT to rival Uruguayan terminal
- Record container handling productivity in Australia
- DB Schenker Dubai joins with BAX Global
- Oxygen system cylinder failure forced impromptu landing of Qantas jet
- Air traffic in 'crisis', AAPA traffic falls in July
- Hong Kong Airlines launches scheduled service to Harbin
- China Express Airlines launches Chongqing-Xichang service
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| SEPTEMBER 2, 2008 |
- Grand Alliance upgrades Med service (EUM) to add Valencia port
- MSC to launch revamped North & Central Asia-Australia service
- "K" Line to launch new feeder service between USEC & Amazon region in Brazil
- CSCL launches service to Thailand & Vietnam
- Zim's ZCS service adding Genoa call
- Yang Ming Line launches new DUX2 service
- Evergreen's NUE pendulum to drop Thamesport & LA on eastbound calls
- Maersk Group's H1 profit swells by 40 pc to $ 2.4 billion
- ..reduces calls at NZ's Port Chalmers
- Maersk Group to buy Brostrom to augment tanker fleet by 100
- New York's APM Terminals receives 4 ZPMC cranes
- DP World forms JV to build box terminal in Vietnam
- TSA's bunker surcharge to scale new peak this month
- Fierce competition for shipping insurance pulls down premia rates
- Tuscan Ventures takes strategic stake in Singapore-based RSI
- Trans Asian Shipping deploys own vessel in IGX service
- DP World more than doubles net in H1
- Ennore Port plans dedicated car terminal
- Railways bans loading of billets in containers
- A record 9.22 million cellphone users added during July 2018
- Software giants hope for continued US outsourcing support
- Nath dubs Asean FTA cynics as 'ignorant'
- Robust economic revival seen in 2009-10
- Move to impose 51 pc EO on SEZ units dropped
- Sugar exporters decry move to scrap interest rate subvention
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| SEPTEMBER 2, 2008 |
- Reinecke & Associates augments team of logistics consultants
- Azerbaijan to develop port facilities
- Great Wall doubling US frequencies
- USA: CN to purchase EJ&E railway
- Wärtsilä chooses Ceva Logistics
- 2008 Fiata World Congress, Vancouver (Canada), 23-26 September
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| SEPTEMBER 1, 2008 |
- Another MISC ship hijacked
- Exmar "cautious"
- AET orders in Russia
- Lindø to sell Loksa Shipyard
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| SEPTEMBER 1, 2008 |
- Brian Chang's take from YSRL share sale slashed
- Lindø to sell Estonian yard
- Gulf Shipyards suspend operations
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| SEPTEMBER 1, 2008 |
- Guangzhou sets out three-way expansion plans
GUANGZHOU Shipyard to expand in the markets of ro-ro, passenger and semi-submersible vessels.
- Guanzhou Shipyard profit up 15%
- Brokers reject newbuilding gloom report
REPORT warning that $20bn worth of newbuilding contracts face cancellation seen as overly-bleak and ill-informed.
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| SEPTEMBER 1, 2008 |
- Markets react to Gustav threat
ENERGY companies are surveying damage as the remnants of Hurricane Gustav move from Louisiana into Texas
- Arab overseas farm investment urged
ARID ARAB countries ought to transport food from African nations, reckons the GRC, a Dubai think tank
- Iran to privatise ship register
REGISTRATION of ships within Iran is to be privatised, the government's maritime agency has revealed
- China to invest $3Bn in Iraq oil deal
CNPC OF China has agreed to invest $3Bn in Iraqi oilfield production
- Orders are on despite bankruptcy
BANKRUPT Flekkefjord Slipp & Maskinfabrikk still intends to deliver two ordered newbuildings, clients Solstad Offshore and Simon M'kster have confirmed
- Urgency rises in Mexico energy talks
STEADILY dropping output from Mexico's largest oilfield has pushed its Congress to step up talks to repair an ailing Pemex ' but most still want to avoid any outside investment to spur exploration and production
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| SEPTEMBER 1, 2008 |
- New Orleans braced for Gustav
- APM T adds cranes at New Jersey
- Zumax to develop Albania box terminal
- Forth ports H1: ports up 38% but land value slump hits profits
- US-ANZ trade under FMC scrutiny
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| SEPTEMBER 1, 2008 |
- Greek bulker safe
Tugs soon to reach handymax Nena J which was reportedly in danger of grounding in storm off South Africa.
- Chang's prize cut
Yantai Raffles' founder loses out on $184m after terms of CIMC deal are redrawn.
- Ferry crash
P&O's European Endeavour has been taken out of Dover-Calais service after berth-bashing incident.
- Solo Schiffahrt
German shipowner ends OSM joint venture to go it alone in the offshore business with Willem Dekker at the helm.
- UK death probe
Inquiry into fatal accident on tanker at Exxon's Fawley refinery after hose-lifting beam collapses.
- Yard on block
AP Moller will sell its Loksa Shipyard in Estonia in a bid to cut costs.
- 'More to fail'
Flekkefjord Slip will not be the only shipyard casualty as costs and delays stack up.
- Orders safe
Bankruptcy of Flekkefjord Slip will not hurt two remaining newbuildings, owners say.
- Triple jump
Better day rates and larger fleet lead to three-fold profit increase for Hellenic Carriers in first half.
- Yards tumble
DSME heads the slide as falling won hits market value of South Korean shipbuilders.
- Boxship re-floated
Seaspan Container Lines vessel New Delhi Express freed shortly after grounding outside Karachi port.
- MISC hit again
Second tanker belonging to Malaysian owner hijacked as 'security corridor' appears less that secure.
- KLC joins race
Shipowner throws its hat into the ring as battle for control of DSME heats up.
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| SEPTEMBER 1, 2008 |
- Seafarer killed in pirate attack
A Filipino seafarer was killed when the chemical tanker Bunga Melati Dua was hijacked by armed pirates off the coast of Somalia recently. The vessel was carrying 32.000 tonnes of palm oil when it was attacked in the Gulf ...
- Nordic Tankers reports loss and new strategy
Nordic Tankers A/S reported a loss of USD 0.2 million for the first half of 2008 after a decline in the market for product tankers. However the all years result is expected to be of USD 22.4 ...
- Maersk signs up for four VLCC's in Korea
Maersk Tankers took a quick decision when the Korean shipyard STX shipyard offered a slot with six Very Large Crude Carriers (VLCC) for delivery in 2011 and 2012. The Danish giant signed up for four ships with option for another ...
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| SEPTEMBER 1, 2008 |
- European fuel oil values slipping with crude
Rotterdam market falls fast after steady to firm opening.
- Marine transport 'set to grow'
Report says technical innovations will boost the maritime sector.
- Global bunker market report
- Minoan blames bunker costs for H1 loss
Company highlights 'enormous and continuous increase' in its fuel costs.
- ARA - barges tight with some suppliers
- Singapore prices holding above Hong Kong
Regional rivals continue to undercut Singapore bunker market for 380 cst material.
- New trader at O.W. Bunker South Africa
- New employees at USTC companies
Controller appointment for Bunker Holding in Denmark.
- Titan ratings downgraded
Weak performance in the first half leads to lower corporate and bond ratings by Moody's.
- Indian refiner offers early-October cargo
Saudi Aramco, meanwhile, offers a feedstock cargo for mid-September loading.
- Ferry operator reports 'challenging' H1
High fuel costs and restructuring programme see operational expenses rise in the first half.
- Allegro wins recognition for software solutions
Bunker management software among its range of software solutions.
- Small profit rise for Sri Lanka's John Keells
Earnings this year could be affected by a court ruling to reverse its purchase of a bunkering facility.
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