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| JULY 3, 2008 |
Shipping News
- US Navy 'won't let Iran block Hormuz, will defend ships'
The United States will not allow Iran to block the Gulf, which carries crude from the world's largest oil-exporting region, and would defend its ships in the waterway, the US Navy's Fifth Fleet said yesterday.
- Persian Gulf tanker rates may drop
The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may halt the longest rally for more than a year as July's vessel demand slows and owners wait for next month's bookings to begin.
- Retailers anxious over possible dockworker strike
As a West Coast contract covering 26,000 dockworkers ran out on Tuesday evening, concern rippled among US retailers about a possible strike - even though talks are continuing.
- Philippines to refloat sunken ferry
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- Rising fuel costs prompt Maersk to cut Asia-Europe capacity
- FEFC increases BAF and cuts CAF for August
- CMA CGM buys two 12,800-TEU ships from Germany's Lloyd Fonds
- US west coast employer-docker talks go into overtime
- OOCL announces south China-US inland fuel surcharge from August 1
- Hapag-Lloyd brand retention no longer condition of sale: DPA
- Liaoning province trade value up 20.7pc in first five months
- Fesco container fleet reaches 50,000 TEU
- Box volumes rise 15pc from Jan-May at Chittagong Port
- Auckland seeks government finance to shift boxes from road to rail
- Clarksons agrees to pay Russians US$26 million settlement
- Mainland airlines raise fuel surcharges by up to 50pc
- Start-up freight carrier Grandstar Cargo takes to the skies
- Lufthansa loses appeal over US$10 million tax claim in Russia
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- Linking Mundra & JNP, H&H Lines upgrades Indian Ocean network with Red Sea, East African loops
- Rickmers-Linie acquiring 4 heavylift newbuildings
- Geodis completes a decade of operations in India
- Treat challenges as opportunities, not threats, maritime industry advised
- Coffee exports buck the trend to post increase
- NMP achieves spectacular 103 pc Q1 growth rate in box handling
- Tuticorin Port sets new urea discharge record
- KoPT to bank on barges
- Pre-berthing detention time at most Major Ports rising
- NSCOWA to ignore truckers' strike
- Pramod Soneta & Hemchandra Yadav at helm of KCHAA
- Exports post 12.9 pc growth in May, but begin to lose momentum
- N. B. Singh takes over as CBDT chief
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- UPS names new country manager for Switzerland
- ELAA affirms official adoption of maritime guidelines
- Ceiba Cargo appoints new GSA in Germany
- New barge service links port of Amsterdam with German hinterland
- DSV starts logistics project in Kaliningrad
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| JULY 2, 2008 |
- Coastguard cutter collides with ferry
- Safmarine launches Asia-Africa service
- Online questionnaires for dry bulk trade
- Pirates attack tug in Malaysia
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| JULY 2, 2008 |
- Coast Guard cutter collides with ferry
- OSG loses a round in pollution case
- Aker Yards rethinks Cruise & Ferries management
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- Baby furniture manufacturer leases Port of Bellingham facility
- Crowley response tug begins new year of service in Neah Bay
- Port of Portland schedules Terminal 4 cleanup meeting
- Port of Seattle delivers SAO Annual Report Summary
- Pacific Maritime Association gives status of contract talks
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- Maritime Capital IPO latest casualty of jittery markets
HANDYSIZE bulk owner scraps plan to raise around $300m, citing deteriorating global financial markets.
- Maritime Capital to double fleet
- Asian shippers protest new bunker surcharge
SHIPPERS say the eight lines on Taiwan-Hong Kong/South China are taking advantage of lack of legislation.
- Cosco Pacific in $250m sale and leaseback deal
THE company will sell and lease back fleet of containers in an innovative deal with Commonwealth Bank of Australia.
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- ECDIS becomes mandatory
MANDATORY carriage of ECDIS is to become a reality, following agreements reached at the Nav 54 meeting at the IMO today
- NZ state takes ferry and rail back
THE NEW Zealand government has re-nationalised the country's inter-island ferry and rail services
- CMA CGM sees Suape box dream
FRENCH container carrier CMA CGM looks set to finally fulfill its dream to own a box terminal in Brazil
- Sunken Princess to be refloated
THE sunken Princess of the Stars will be refloated, say Philippine officials
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| JULY 2, 2008 |
- PMA wants union extension during talks
West Coast port employers say refusal by ILWU to extend previous contract sends the wrong message to cargo owners and the general public.
- Exports power volume gains for West Coast ports
- TSA, WTSA hike surcharges
- CMA CGM signs for new terminal at Miami
- Report urges ACE changes
- Customs Update: Big issues roil traders
- Alliance signs with Va. ports
- Suzuki steps down as MOL Americas president
- Evergreen appoints agents for Central American, Caribbean
- Loan for Galveston port
- Japan Post enters international air-cargo business
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| JULY 2, 2008 |
- More truck protests as global fuel crisis grows
- Maersk's Turkish delight
- Forth Ports benefits from ill winds
- Aus Govt revises coastal permit system
- ELAA gets the green light for trade association
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| JULY 2, 2008 |
- PMA salvo
As contract negotiations reach crucial moment, a federal official tells TradeWinds that labour authorities are deciding whether to file a complaint against the ILWU.
- No deal
Pacific Maritime Association and West Coast dockers union negotiate past deadline as ILWU rejects a contract extension.
- USCG, ferry collide
A US Coast Guard cutter smashes into a ferry with 257 people off Block Island, Rhode Island.
- Not dismissed
Appeals court rejects a federal court dismissal of charges against OSG and a seafarer.
- Payback time
Europe orders former state-owned Hellenic Shipyards to repay EUR 230m in illegal subsidies, with new owner ThyssenKrupp picking up the bill
- Arcangel floats
A ferry has been re-floated off Mexico after grounding in November.
- Split bags ferry
Croatian shipyard to build 750-passenger ro-ro vessel for France's CMN.
- North Korea cargo
In a Web TV report, US Shipping Partners' ITB Baltimore delivers a cargo of food aid to North Korea.
- Gladiator returns
Crowley Maritime's emergency response tug will be on call year round to help vessels off Washington state.
- Cape capture
China's Sinotrans to buy two bulkers due for delivery from China at the end of 2009.
- Spring-buck
August should see South Africa's Grindrod announce jump of up to 95% in first-half profit.
- TMM grabs cash
Mexican owner sells more debt to finance 10-ship acquisition spree.
- Ouch!
Japanese shipbuilder IHI takes JPY 1.6bn hit to pay fine for misstating earnings.
- S&P in the blood
Craig Taylor with shipbroking in the genes launches youthful venture.
- Cochin conversion
Indian shipbuilder makes foray into seismic survey market with makeover for Norwegian trawler.
- Green(ish) light
Cargo ships of embattled Philippines ferry owner Sulpicio Lines allowed to sail but sea marshals required.
- CSG grows
Cargo traffic and profit up in first six months at CSCL parent China Shipping Group.
- Princess to rise
Tragic Sulpicio Lines ferry to be refloated in bid to recover hundreds of bodies from sunken hull.
- Gas standard
IMO makes progress on new rules for CO2 design index for newbuildings.
- More delays
SCAN Geophysical says seismic ships building at ABG Shipyard face further delays.
- Flexible friends
South African line Safmarine starts multipurpose run from Asia to West Africa.
- Rickmers inks four
German breakbulk specialist returns to China for more multi-purpose heavylift vessels.
- Ferry clash
Fifteen people injured as two passenger vessels collide in busy waters off Hong Kong.
- Able bags carrier
UK recycling company to dismantle former French aircraft carrier Clemenceau.
- Another drip...
Another week, another chunk of SapuraCrest shares for Seadrill.
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- India committee calls on lines to stop setting collective rates
- International Shipholding benefits from bulker sale
- Safmarine starts Asia/West Africa multipurpose string
- Cathay warns investors that fuel will affect profits
- Schneider driver program seeks military vets
- U.S., Canada align shipper security programs
- South Korea facing lower economic growth, higher inflation
- ARC study: Global trade management programs to grow 10% a year
- JPMorgan opens operations center in Poland
- U.K. forwarder Woodland makes Manchester move
- Virginia Port Authority signs deal with lines
- Oakland port receives nine responses for terminal lease
- HHLA Container Terminals management board appointments
- Pests intercepted at Philadelphia port district
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- Wärtsilä acquires Vik-Sandvik
Wärtsilä aims to become a leader in ship design and acquires global ship design group Vik-Sandvik, a leading independent group providing design and engineering services to ship owners and the ship building industry worldwide. The company has its headquarters ...
- Fredriksen buys more shares in TUI
John Fredriksen now controls 15,01 per cent of the shares in TUI, parent company of Hapag-Lloyd, according to his Cyprus-based company Monteray Enterprises. Earlier Fredriksen had 11,7 per cent of the shares in TUI ...
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| JULY 2, 2008 |
- Campaign continues for US vessels to have tug escorts
Increasing concerns by legislators over risk of another barge oil spill in Buzzards Bay.
- Mixed message from US inventory data
Crude oil stocks fall again, but demand is weaker and refined product inventories on the rise.
- Titan delivers two more bunker tankers
Vessels 'ideally suited for bunkering' in Singapore and Hong Kong.
- Panama barge operators to implement $900 fuel surcharge
Increased operational costs cited as price of barge deliveries goes up.
- Global bunker market report
- OOCL postpones emergency bunker surcharges
Container line says it will investigate other ways of recovering fuel costs.
- Singapore bunkers breach $700 mark
Prices also surging in Hong Kong as product tightness adds upward pressure.
- Rotterdam market firm
- Court dismisses bunker scam case
Alleged short-supply case 'totally based on misconception' and not supported by evidence, according to court ruling.
- Slow steaming could breach charter contracts
Efforts to cut bunker consumption by slow steaming could trigger freight demurrage.
- Aegean completes acquisition of ICS Petroleum
Vancouver-based ICS Petroleum is now wholly owned subsidiary.
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