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| FEBRUARY 4, 2008 |
Shipping News
- Rates for Mid-East cargo to Asia may fall for CNY
The cost of shipping Middle East crude oil to Asia on the world's busiest route for supertankers may curb four days of gains as Chinese New Year approaches, curtailing cargo demand from the region's oil companies.
- Baltic Dry Index up for 3rd day in London
The Baltic Dry Index, a measure of shipping costs for commodities, rose for a third day in London on Friday as owners anticipated an increase in Chinese demand for iron ore. The index, which tracks transport costs on international trade routes, advanced 82 points, or 1.4 per cent, to 6,134 points, according to the Baltic Exchange. Rental rates gained for capesize carriers and panamax ships, the biggest vessels in the benchmark.
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| FEBRUARY 4, 2008 |
- 'K' Line up 30pc, but high oil costs slow container growth
- Emirates Shipping joins service linking China, Korea and India
- Jiangsu ports handle record cargo volume in 2007
- US ports must enlarge because of Panama Canal expansion, says researcher
- Indian ports need investment and congestion-coping strategy: study
- Carrefour Brazil signs warehousing deal with CEVA Logistics
- Tacoma container throughput falls 7pc in 2007 on weakening US demand
- SATS sells Express Courier Centre 2 to DHL at Changi Airport
- Haikou Meilan Airport to raise funds for air logistics centre
- Africa West Airlines names Globe Air Cargo as its Netherlands GSA
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| FEBRUARY 4, 2008 |
- MOL & JFE Steel Corp. develop corrosion-resistant steel plate for tanks
- 4S software for Samudera Shipping: Deal signed
- Curtains to rise on India Maritime Summit 2008 on Wed.
- MPSEZ surpasses 2006-07's throughput in 9 months of 2007-08
- Sethu project in the 'dock'
- MICT starts 2008 with new monthly handling record
- New Mangalore Port races past 2006-07 throughput figure
- Republic Day at JNPT marked by solemnity & dash of fanfare
- GTI does it again!
- Rlys seek Rs 35,000 cr. Plan outlay to finance core projects
- Blue Dart adjudged 'Emerging Air Cargo Integrator of the Year'
- Pankaj Malviya assumes charge as PRCL MD
- Rlys facilitates e-payment of freight charges
- 14 pc rise in Railways' earnings
- Flower exports commence from Dighi Air Cargo Complex
- Exports post 22 pc growth rate at $ 111 bn with 3 months for fiscal-end
- All FCI godowns to have e-link
- AIAI opposes move to hike VAT rate
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| FEBRUARY 1, 2008 |
- Active logistics appoints development director
- Ravenna and Marina confirm port authority presidents
- New OOCL office in Cambodia
- TUI to team up with Lufthansa
- Regular Beijing-Hamburg rail container services from 2010
- LH Cargo uses Advanced Cargo suite
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| FEBRUARY 1, 2008 |
- Employers and unions unite for fair treatment for seafarers
- Bocimar buys and sells
- Exmar's weak year
- Tar balls "not from Cosco Busan"
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| FEBRUARY 1, 2008 |
- BIW wins JHSV design contract
- Keppel gets contract for first U.S. GoM FPSO
- Two Australian groups get JHSV preliminary design contracts
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| FEBRUARY 1, 2008 |
- Port of Vancouver, USA completes land exchange deal
- US rail freight traffic sees gains during week
- NYK named to list of 100 sustainable firms
- Crowley orders two tugs from Diversified Marine
- Port of Seattle taps McWilliams as real estate/property director
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| FEBRUARY 4, 2008 |
- HHI, HMD kick off Feb with strong order flows
HHI gets $840m contract to build six container ships and HMD signs $510m deal to build 10 product carriers.
- HHI in buy back plan as results beat predictions
- Oiltanking venture to invest $296m in Marseilles
OILTANKING-Mediaco Marseilles will be building a terminal and storage deport for refined products at the Fos oil terminal.
- DP World warns against Melbourne delay
WITHOUT channel deepening, Port Phillip Bay would not be able to accommodate the larger ships, says Mr Jack Williams.
- Time to rebrand the tanker
THINGS have come to a pretty pass when professional seafarers will actively seek work on ships other than tankers because of the risks attached to their operation.
- Troubles with timber
THE timber-laden Ice Prince was a relatively modern, well-found ship and should not have met its end on the sea bed 68m down.
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| FEBRUARY 1, 2008 |
- Master hurt as Reefer loses boxes
Three crew have been injured ' one seriously ' after a container stack collapsed on a reefer vessel off southern Ireland
- Keppel makes new deals
KEPPEL Shipyards has secured global contracts bolstering its credentials in the process
- Smit in overture to Riverdance salvage
PRELIMINARY steps are being taken to salvage the 6,401gt ro-ro ferry Riverdance, which ran aground north of Blackpool this morning after being hit by a wave
- Forth Ports rules out STS project
A PROJECT using the Firth of Forth to transfer 8M tonnes of crude a year from Baltic sea tankers into larger VLCCs has been aborted by Forth Ports
- Gold star revives trans-Taz service
THE first dedicated trans-Tasman service for many years is being launched this week by Hong Kong-based Gold Star Line ' a newcomer to the NZ trade
- Imarex adds Med Aframax route
FROM today a new route is being added for trading on Imarex, the electronic freight derivatives market
- Algerians say no to Gazprom
- Argentina says yes to grain exports
- Sunken ferry to keep its secrets
- Aker hammers deal with Astrakhan
- Windjammer debacle gets ugly
- Apollo plots Regent expansion
- Star makes bid for Chinese market
- Korean consortium buys oil fields
- Torm buys into Asia tanker business
- Dramatic rescue in Irish Sea
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| FEBRUARY 1, 2008 |
- Trans-Pac carriers cut fuel surcharges
Members lines of the TSA and WTSA have reduced their bunker fuel surcharges, effective Feb. 1.
- Horizon Lines earnings flat
- Customs extends comment period for 10+2 proposal
- Poultry exporter in pact to stay at Port of New Orleans
- Maersk expands intra-Asia
- COAC volunteers wanted
- Airfreight demand slows
- Larson to head Waterways
- Miami taps new security chief
- Asia-Oz lines drop peak fee
- BA cargo improving
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| FEBRUARY 1, 2008 |
- An industry flawed?
Marine underwriters and P&I Clubs regard the 2007 insurance year as one of the worst in history for losses, as they struggle to deal with a claims 'avalanche'.
- CSAV Norasia launches fortnightly North Africa service
- Hanjin's hapless year but hopes for better 2008
- Nova Scotia box terminal financing agreement
- Port of Hamburg boxes up 12%: closing in on Rotterdam?
- Port of Antwerp's container market growth soars by 16%
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| FEBRUARY 1, 2008 |
- Romeo loves Tzini
Romeo Group reportedly takes a handymax bulker off the hands of Greece's Eastern Mediterranean Maritime, and a capesize is sold to unknown buyers.
- Fredriksen in $65m resale
Zhoushan Jinhaiwan kamsarmax newbuilding goes to Middle East buyer, brokers say.
- Austal USA gets CFO
Shipbuilder shipyard taps bank finance chief to watch over the books at the Alabama shipyard.
- Fatigue linked to deadly fall
A crewman who fell while climbing a ladder on an Australia-bound bulker may have been fatigued and distracted.
- Horizon projects growth
US containership owner expects at least 76.3% in EPS growth in 2008 as chief markets expand.
- Three hurt on reefer
The master's injury is labelled as serious after 60 containers fall overboard off the UK's Isles of Scilly.
- Horizon profits flat
US containership operator says fourth-quarter earnings are within expectations as an improved cargo mix offsets Puerto Rico's soft economy.
- Glenda grabs ST three
D'Amico and Glencore joint venture bags a trio of MR product tankers from ST Shipping.
- Nomikos oldie sold
Greek owner AM Nomikos said to have fetched $58m from Chinese player for 1988-built capesize.
- Tidewater profit slides
US offshore vessel giant's net earnings drop by 4.3% as vessel operating costs soar.
- D'Amico banks sale cash
Marco Fiori-led owner nets $23m gain from sale of product tanker to Bien Dong Shipping.
- Craig goes to Spain
Scottish offshore shipping group orders four ERRVs for delivery in 2010 and 2011.
- Maersk adds Intra-Asia link
Two panamax boxships will operate on new service connecting ports in Taiwan, China, and Hong Kong with the line's regional hubs.
- Exmar sinks on red ink
CMB spin off on the slide following its first three month losses since gaining independence in 2003.
- Riverdance grounded
Clipper-owned ro-ro washes up on Blackpool beach after being struck by a freak wave last night.
- Hext bangs bulker drum
Credit crunch a concern but China will keep dry-cargo engine running, Pac Basin chief says.
- PSB lends for reefers
Russian bank provides cash for Asirus Shipping to buy two units to serve Far East.
- EMERA seeks rate rise
Europe-Middle East conference slaps extra $100 on eastbound boxes to combat cost hikes and congestion.
- Sanoyas earnings disappear
Japanese bulker yard struggling to keep out of the red in first three quarters.
- MNP ready to modernise
Russian shipbuilding group lines up investment of RUR 160m this year, up 150% from 2007.
- Keppel inks FPSO deals
Maersk Contractors and BW Offshore award Singapore yard group floater work worth $215m.
- UBS buys into Hanjin Heavy
Investment bank takes 5% holding in Korean shipbuilder for investment purposes.
- IHI lands bigger profit
Nine-month operating losses masked by land sales at Japanese shipbuilder, but fourth quarter looks better.
- Russia wants Nikitin
Report claims extradition from UK being sought for owner pursued by Sovcomflot over commission deals.
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| FEBRUARY 1, 2008 |
- "K" Line reports sharp jump in profits
- Maersk to start intra-Asia loop
- TORM names Andersen CFO
- Rescuers battle to save passengers, crew from grounded ferry
- IATA: Maritime competition inhibits air cargo growth
- Breakthrough: Presidential candidates debate transport infrastructure
- Concor looking for partners to widen logistics capabilities
- C-TPAT validations rose 27% in 2007
- CBP extends "10+2" comment period
- DHS seeks COAC candidates
- Cortese new president at Pilot Freight Services
- Costa Rica export growth slows
- Vining picked to lead SEKO's strategic development
- Charleston reports container volumes down
- Port of Hamburg close to breaking 10 million-TEU barrier
- New Jersey port considering big expansion
- Container carriers boost Port of Richmond volume
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| FEBRUARY 1, 2008 |
- Cargo Ferry in distress after cargo shifting
Seatruck Ferries' freight ferry Riverdance, built 1977, got a severe list of up to 40 degrees after a cargo shift in rough weather on the Irish sea on Thursday night. The wind reached 27 metres per second and the waves ...
- IACS refutes basis for EU investigation
EU allegations of collusion between European members of the International Association of Classification Societies (IACS) as got the thumbs down from the IACS chairman Tor Svendsen. He flatly dismisses any suggestion that IACS is some form of cartel as defined ...
- Greek ordering spree
Greek owners ordered new ships for a total of USD 32 billion last year, double up compared to the year before. According to statistics from the Greek brokering firm George Moundreas & Co, 371 of the 556 orders were for bulk ...
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| FEBRUARY 1, 2008 |
- US bunkers down with big oil drop
Economic woes continue to worry crude markets, OPEC stays firm.
- Weather forecasts to help cut fuel consumption
BP Shipping using specialist weather information service to plan energy efficient routes.
- 'Great time' ahead for double hull barge owners
Company president says Aegean will become the world's largest owner of double hull bunker tankers by 2010.
- Salvage team to refloat stricken ferry
Ship driven ashore on the UK coast has 150 mt of bunker fuel on board.
- O.W. Bunker appoints new worldwide Trading Manager
- Team expansion for O.W. Bunker South Africa
- Rotterdam market softens
- More support for emissions trading
Research team says 'cap and trade' programmes and exhaust gas scrubbing have a role in reducing sulphur emissions.
- Morgan Stanley acquires stake in Singapore supplier
Global Energy International, one of Singapore's leading bunker suppliers, has gone into a strategic alliance with the US investment bank.
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