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| MARCH 3, 2008 |
Shipping News
- China sets sail towards becoming world's shipyard
In a drydock at a shipyard in north-east China's Dalian city, a 300,000-tonne oil tanker is ready for delivery to Maersk, its hull painted in the Danish shipping company's trademark blue.
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| MARCH 3, 2008 |
- CMA CGM, Maersk, MSC launch two joint China-California services
- Raft of changes in top management at NYK Line
- China Merchants to complete 25 container berths in western Shenzhen in two years
- AWATA to fix BAF surcharge at US$612 per TEU
- Inchcape Shipping opens agency in Vietnam through JV
- India's CONCOR to build 8 container depots, ties up with Allcargo
- INTTRA's e-commerce container volume in India tripled in 2007
- China Postal Airlines launches Yantai-Seoul service
- Qantas extends wet lease on six Atlas freighters
- Global freighter conversions rise as airfreight demand grows
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| MARCH 3, 2008 |
- Aframax charter rates in Asia may rise
- New Shipping Secy keen to come on board with industry
- Port Pipavav on the move to significant growth
- Kerala govt spots Poovar as ideal site for international-size shipyard
- Fillip to port development
- Customs chief acquaints trade with facilitation measures at JN Port
- More to get licences for air cargo business
- Lalu sends infra development into overdrive
- Balanced, comprehensive & growth-oriented-CII chief
- Only lip sympathy paid to exporters-EEPC chief
- Ignored like rags'SIMA chief
- Sugar excise duty hiked by Rs 9/qtl
- Forex reserves rise by $ 1.754 bn
- Fieo chief sees little global slowdown impact on demand-driven economy
- Exporters' hopes belied, says AIEC
- TEA unhappy
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| FEBRUARY 29, 2008 |
- Germanischer Lloyd expands board of directors
- CMA CGM improves services between Asia, India and Persian Gulf
- Budapest airport in expansion mode
- Agility acquires Combalia's transportation activities in Spain
- Switzerland's letter market to open faster than planned
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| FEBRUARY 29, 2008 |
- California emissions law barred
- EU-China deal in force tomorrow
- EU lets Germany cut port fuel costs
- Lines link up on Asia-Australia trade
- K Line discloses VLOC charter
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| FEBRUARY 29, 2008 |
- Manitowoc awarded $35 million USCG contract
- Guilty plea in "magic pipe" case
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| FEBRUARY 29, 2008 |
- Port of Seattle adding Capital Development Division
- First engineer pleads guilty to dumping bilge waste
- Port of Vancouver, USA taps Edberg as manager
- Crowley Maritime planning equipment purchases for 2008
- US rail freight traffic rises during week
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| FEBRUARY 29, 2008 |
- Ferry deaths reveal safety flaws
URGENT need for action to improve safety of ferries in Bangladesh after collision leaves more than 40 dead.
- Quest to cut ferry deaths launched in Bangladesh
- BP cuts emissions with 'green' barge
BARGE Victoria runs on low emission fuel similar to truck diesel and equipped with device to optimise fuel efficiency.
- SHI stumps up $107m for Hebei Spirit spill
SAMSUNG Heavy Industries will set up fund worth $107m to assist those affected by South Korea's worst oil spill.
- Tough competitor with an eye for an early prize
PORTIA'S managing director says the company's owner, Peel Ports, is not pulling out of overseas activities.
- Demographic deficit
IF THERE ever was an industry that fails to refresh its workforce, it must be European shipbuilding.
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| FEBRUARY 29, 2008 |
- Indian budget dismays owners
The budget for 2008-09 presented by finance minister P Chidambaram in the Indian parliament today has caused great disappointment among domestic shipowners and shipbuilders
- GNV selling out of pax ferries
Grandi Navi Veloci has sold its two flagships La Suprema and La Superba to the shipping group controlled by the government of Vietnam
- Color takes delivery of delayed ferry
COLOR Line, the Norwegian ferry company, has taken delivery of the first of two 33,500gt fast ropax ferries on order from Aker Yards Finland
- Transpac services rationalised
MAERSK, MSC and CMA CGM have announced a major new vessel-sharing plan to rationalise transpacific services between Asia and California
- PR shipping demands injunction
PUERTO Rican shipping interests have banded together to seek an injunction against the company providing administrative staff to the Puerto Rico Ports Authority
- Northern to build first Russian VLs
ST PETERSBURG 29 February ' Severnaya Verf ("Northern Shipyard"), the St Petersburg naval shipyard, is to be expanded and converted so that it can build oil tankers of up to 300,000dwt
- More deaths in East China Sea
- Cosco Busan pilot hearing delayed
- Engineer guilty in magic pipe case
- Evergreen Marine orders boxes
- NCL plunges deeper into loss
- Chemoil reports bittersweet result
- Sinwa buoyant about growth
- Samsung sets up spill fund
- HK operators seek more space
- Pan Ocean bullish on bulk rates
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| FEBRUARY 29, 2008 |
- Maersk Line, MSC, CMA CGM in new trans-Pacific vessel-sharing agreement
Biggest-ever vessel-sharing agreement on trans-Pacific will enable lines to replace four individual services.
- West Coast labor talks to begin March 17
- UPS revises '07 earnings
- Rail traffic up 2.1%
- Seaway traffic falls
- Crowley expands box fleet
- Canada funding to boost ports versus U.S. rivals
- Crowley Maritime takes over Guatemala logistics services
- Ukraine to accept carnets
- Hyundai tabs "K" Line for ore
- AAR urges rail chem ban
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| FEBRUARY 29, 2008 |
- Seafarers' emergency response under threat in UK
Next Thursday, March 6, 2008, a 24-hour strike by 700 public service staff at the UK's Maritime & Coastguard Agency's (MCA), 19 rescue and co-ordination centres, will severely compromise emergency responses to distress calls and potentially cut a lifeline to stricken vessels in UK, European and international waters.
- CMA CGM, Maersk and MSC take joint action in the transpacific
- Standard set for container terminals
- Greek port privatisation on track but Piraeus file injunction against staff
- New Zealand's Tauranga takes fifth crane as profits increase
- WTSA implement fuel recovery programme
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| FEBRUARY 29, 2008 |
- Seaboard gets into FFAs
Seaboard Corp has dipped a toe into FFAs and plans to continue buying two ships a year.
- More oily trouble
US authorities are investigating an emissions incident on a third Genmar tanker.
- Namura to shake off Segura
Japanese shipbuilder set to silence hostile shareholder by offering its stock on the open market.
- Maersk ends union spat
Container line ditches plans to axe 200 officers and ratings but up to 125 sea staff will still be helped through the exit door.
- Frank admission
Sovcomflot chief Sergey Frank chosen as Novoship's new chairman and promises greater transparency.
- Shell tanker awaits re-float
Product tanker chartered by oil major which grounded off Bahamas may be grounded for a week as salvors mull lightering.
- Nepline saved by sale
Malaysian tanker owner scrapes into profit for 2007 thanks to disposal of modern vessel.
- Prestige latecomers
French oystermen are suing the Kingdom of Spain and everybody else connected with the ill-fated Prestige.
- Dockwise takes a dive
After seeing full-year returns slide into the red yesterday the Oslo-listed company has watched its stock slump
- Lone detainee for Canada
The Omicron bulker Nikos O was the only vessel held during January.
- Murmansk wants icebreakers
Russian tanker owner wants to rebuild fleet after losing management of state nuclear-powered vessels.
- Finnlines buys four
Grimaldi-owned ferry operator snaps up quartet from EE Shipping to settle litigation involving options on two of the units.
- RCL races ahead
Profits up 24% at Thai owner despite higher fuel prices and the declining US dollar eating away at the bottom line.
- Samudera scoops more cash
Singapore-listed boxship owner cut a loss-making route to great effect in 2007.
- Coastal Energy converts
Thai oil and gas player snaps up veteran tanker for an FSO makeover.
- Bonheur bonanza
Fred Olsen company nets huge annual profit increase despite ten fold tax hike and weaker tanker spot rates.
- DOF suffers tax attack
New Norwegian shipping tax system erodes annual earnings at DOF Subsea but revenues increase.
- DOF bags sale cash
Mons Aase-led offshore player nets around $50m from the sale of two units.
- More delays for Ocean Heavylift
Late delivery of Ancora to Norwegian company costing seller Blystad $60,000 per day.
- Samsung starts to pay
Korean company blamed for Hebei Spirit spill to set up $107m fund to help victims.
- Engineer admits magic pipe guilt
Former crewman on board PGM-managed car carrier bypassed oily water separator for nine years.
- Limarko lands bigger profit
Lithuanian reefer line more than doubles earnings in 2007 thanks to tonnage tax.
- Imarex on upward curve
Norwegian freight derivatives broker goes from strength to strength in 2007 as volumes boom.
- K Line inks Glovis deal
Japanese shipowner agrees 20 year CVC contract with Hyundai Motor Co's logistics arm.
- STX Pan Ocean rides bulker boom
South Korean shipowner describes year as "phenomenal" as fourth quarter profits jump 82%.
- CH Offshore fixes two
Singapore offshore vessel operator secures employment for two newbuildings for up to six years.
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| FEBRUARY 29, 2008 |
- Container heavyweights to cooperate in transpacific
- Europe, China set for unrestricted maritime access
- Judge throws out California low-sulfur fuel law for maritime engines
- Stolt-Nielsen posts lower earnings in quarter
- U.K. coastguard workers agree to strike
- Dockwise has loss, but revenues increase as fleet grows
- "K" Line to transport iron ore for Hyundai subsidiary
- Bocimar, Drylog exercise option to buy bulk carrier
- Falling dollar being felt throughout Asia
- China overtakes U.S. as India's biggest trade partner
- Transplace opens Mexico subsidiary
- NCBFAA appoints Bedri education director
- Executive predicts West Coast pact without stoppage
- Container terminals ratings tool launched
- Palm Beach port director resigns
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| FEBRUARY 29, 2008 |
- Russian tanker aground south of Copenhagen
The Russian tanker Azov Mariner, 6,106 DWT and 129.6 m long, ran aground while leaving Avedøre south of Copenhagen on Thursday this week. The tanker was leaving the port at the power station after discharging fuel. While sailing in ...
- M. H. Simonsen takes delivery of the new Oratank
Rederiet M. H. Simonsen, Svendborg, has taken delivery of its new Oratank from Desan Teranisi in Tuzla. The tanker is presently on its maiden voyage loading in Ancona for Naantali. The tanker is the first of two units with the ...
- Fredericia Shipyard with record profit and fear for the future
Fredericia Skibsv'rft had a record high result for the fiscal year 2006/07 with a profit of DKK 43.7 million, which is a growth of 14 per cent from the previous year. Despite the nice profit the shipyard faces ...
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| FEBRUARY 29, 2008 |
- Name change for ABC Atlantic Bunker
New name reflecting recent change in ownership.
- Bunker market report from Praxis
- Russian bunker association highlights corruption
Russian Association of River and Marine Bunkers tells Russian MPs of 'corrupt practices by customs and the licensing authorities.'
- New bunker manager role for Tonnesen
Head of Gearbulk bunker department to take up post in Hong Kong.
- Reduced product range at Santos
Pipeline maintenance hits key Brazilian bunker port.
- Revenue, profits, up at World Fuel Services
Strong revenue growth in Q4, but annual profit increase less spectacular than before.
- Maritime industry 'accepts need' to reduce emissions
PMSA says its legal challenge to Californian rules was not about opposing emission reductions.
- Rotterdam market moves up
- ExxonMobil sells Yanbu cargo for March
The high-viscosity cargo is likely to be sold into the marine fuels market.
- Sri Lanka refiner chooses bunkering partner
Bunker prices in Colombo could become more competitive.
- Singapore bunker demand softens
Strong fuel oil inventory levels and high crude oil prices have contributed to a slow market.
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