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| APRIL 4, 2008 |
Shipping News
- Lloyd's profit may fall this year on low rates
Lloyd's of London may find that more underwriters lead to shrinking profit after last year's record as Goldman Sachs Group and Maurice 'Hank' Greenberg join newcomers flocking to the world's largest insurance market.
- Global launch of digital chart service in S'pore
THE United Kingdom Hydrographic Office (UKHO), the main source of the charts of the world's seas, has kept up with the times and yesterday launched a new flagship digital product, the Admiralty Vector Chart Service (AVCS).
- First China-made LNG tanker ready for delivery
The first liquefied natural gas (LNG) carrier made in China was to be delivered to China's only shipping firm that specialises in the transport of LNG later yesterday, a company executive said, nearly four months behind schedule.
- Tourists stranded in Madeira as cruise ship is held
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| APRIL 4, 2008 |
- FESCO to spend US$500 million on new vessels
- Bulk makes the money, MOL president wants box business revitalised
- Deutsche Bahn test longer - and still illegal - German freight trains
- PSA receives New Delhi's nod to buy 49pc of Kandla box terminal
- Rotterdam's slower box growth offset by oil, mineral shipments
- Dachser moves into fast growing Russian logistics market
- China Southern launches Tehran service, ups flight to Seoul and HK
- Turkmenistan Airlines orders three Boeing 737s
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| APRIL 4, 2008 |
- Planners' group pitches for major fiscal relief to shipping
- GE Shipping delivers non-double hull Panamax product carrier to buyers
- Fastest monthly export growth rate of 35 pc
- DP World Chennai posts 27.22 pc growth in box throughput
- JNPT's aim by 2016 after pumping in Rs 15K cr.
- Chennai Port's cargo throughput reaches all-time high of 57.15 m tonnes in 2007-08
- Jay Container Services' Taloja facility is Textainer's 'Depot of the Year'
- 794 m tonnes roll with Railways in 2007-08
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| APRIL 3, 2008 |
- Browning joins Intermarine
- Le Clere named Gefco's Baltic director general
- Traffic rerouted from Trieste to Koper due to strike
- Future of Alitalia more uncertain than ever
- Volga-Dnepr reports sales of more than USD 1 billion
- Agility Europe expanding in Austria and Slovenia
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| APRIL 3, 2008 |
- Mississippi warning
- Vietnam oil contamination scare
- Foss sells 2 tugs, 20 barges to Tidewater
- Passenger ship arrested
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| APRIL 3, 2008 |
- EC prods wayward member states on maritime directives
- Standard & Poors lowers its ratings on RCL
- WSF to rebid 50-car ferry
- LCS: A new RFP and a RAND study
- Seajacks gets extension on liftboat options
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| APRIL 3, 2008 |
- Tidewater buying equipment from Foss Maritime Company
- Federal grant dollars will fund Port of Portland security upgrades
- Crowley Maritime makes donation to famous Puerto Rican golfer
- Port Tracker report finds business picking up at box ports
- Evergreen Line adding US West Coast/Japan run
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| APRIL 3, 2008 |
- Orrell wins top honour at Lloyd's List 2008 awards
BRIAN Orrell given Lifetime Achievement Award for his work for shipmasters, officers, cadets and other ranks.
- Bells and whistles for our own Grey and Gray
- Lloyd's 2007 profits up
INSURANCE market sees profits rise but says softening rates and increased competition will prove a challenge in the year ahead.
- Panama seeks $2.3bn Canal funding
CANAL Authority is looking to put debt finance in place for $2.3bn by the end of the year to partly fund the expansion.
- Ports invest to cater for expanding cruiseships
GRAND plans for existing facilities and new players are popping up to keep pace with new and expanding tonnage.
- Masters making a difference
THE Nautical Institute Shipmaster of the Year Award gives shipmasters the recognition they well deserve.
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| APRIL 3, 2008 |
- Van Gogh released after debt deal
THE fate of 460 passengers on the 15,400gt cruise ship Van Gogh, appears to have been settled after a deal between its owners and the previous owner's creditors.
- Mitropoulos deplores bad press
IMO secretary-general, Efthimios Mitropoulos spoke out today against public ignorance of the shipping industry
- Peru infrastructure investment
PERU's pension funds are planning to invest billions of dollars in infrastructure including ports, a top fund director has said
- Paulista finally closes
PAULISTA Containers has finally closed for business throwing more than 100 employees out of work
- AMSA orders boxship tow
THE Australian Maritime Safety Authority exercised powers of intervention to have the stricken MSC Lugano towed away from the Western Australia coast yesterday
- Mexico seeks port bidders
MEXICO will soon seek bidders to build the long-proposed Punta Colonet box port and hopes to have the facility operational within five years
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| APRIL 3, 2008 |
- LA vote clears way for TraPac expansion
Vote by Harbor Commission on memorandum of understanding to pave way for expansion of TraPac terminal.
- PMA, ILWU talks progress
- Va. port rail traffic up
- Anthrax scare prompts search of Long Beach box
- Seattle, Tacoma ports meet to discuss collaboration
- Delmas hikes India-E. Africa rates
- Former USTR Zoellick sees Doha trade deal soon
- GAO suggests changes to advisory committee law
- Cargo a priority: Halifax CEO
- EU trade chief sees Doha breakthrough coming
- Long Beach, Rotterdam sign environmental agreement
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| APRIL 3, 2008 |
- CSCL's 2007 profit soars by 271%
- IAPH 'tool box' launched to address port clean air issues
- TNWA splits Asia-US loop into two shuttle services
- NCC's growth spiral continues
- Savannah installs reefer racks
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| APRIL 3, 2008 |
- Van Gogh freed
An agreement with Travelscope administrators will allow an arrested cruiseship to leave Madeira Thursday.
- Todd ferry bid rejected
Washington State Ferries plans a new tender to build a new 50-car ferry.
- SeaStreak sold
New England Fast Ferry buys Sea Containers' New Jersey-based ferry company.
- CFO switch for Horizon Lines
US containership owner promotes Michael Avara to finance chief, to replace Mark Urbania.
- Petrobras to build clone
Brazilian oil major plans to clone its P-54 FPSO project for the Roncador Field.
- Argentina strike halted
Farmer strikes that shut down soy exports are put on hold, although only temporarily.
- New Carissa to leave
Titan Salvage is gearing up to remove the stern of a handymax bulker piece by piece from an Oregon beach.
- Navios fixes long term
Angeliki Frangou-led bulker owner sets panamax up with 10-year date while supramax goes for three.
- Marine boost for Lloyd's
Improved result for London insurance bazaar despite intense competition.
- Ofer raises Israel Corp stake
Idan Ofer, chairman of Zim Integrated Shipping Service parent, ups direct holding to 3.6% with $20m splurge.
- BCT back on track
Two-week strike ends at Polish container terminal operated by ICTSI of the Phiippines.
- CMES on the up
Chinese tanker owner's shares spike 10% after bullish first quarter profit forecast.
- CalMac eyes new run
Scottish ferry operator could bag another car service to island of Lismore.
- NOL back round table?
German report claims TUI is negotiating once more with Singapore owner over Hapag-Lloyd sale.
- Pettersen eyes repeat move
In a battle to boost equity BW Gas may soon follow up yesterday's $32m sale-and-leaseback deal.
- Kiwis hold Danish cargoship
Sea Runner staying in Port Taranaki until oily water separator and machinery faults fixed.
- River runs dry for Foss
US owner Foss Maritime hives off upriver tug and barge fleet to Tidewater as costs outweigh benefits.
- Sinotrans confirms VLCC sale
Chinese owner offloads 1990-built single-huller for $35m and may reinvest in double-hulls.
- Barren month at Yangzijiang
Singapore-listed Chinese shipbuilder fails to secure newbuildings for second consecutive month.
- Management shuffle at IMC
Singapore maritime group names company veteran and recent recruit as new deputy CEOs.
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| APRIL 3, 2008 |
- Maersk plans BAF changes
- Chinese container maker CIMC reports profit increase
- Hanjin Shipping starts Asia/Australia service with new partners
- LNG delivered to "K" Line consortium
- Seaboard starting Mexico/Caribbean service
- NOL makes Middle East appointments
- BA World Cargo expands Middle East, South Asia options
- Volga-Dnepr sales up 51% in 2007
- Etihad Crystal Cargo, Cargoitalia agree partnership
- Steel shipper wants lawmakers to dig deeper for Great Lakes dredge funds
- European rail companies expect strong growth in 2008
- Foss sells upriver operations on Columbia-Snake system
- Nationwide truck shutdown delivers attention, scattered participation
- U.S, EU point to progress on trusted trader recognition
- NIT League forum to review U.S. surface transport concerns
- U.S. Chamber updates Homeland Security division
- cargo-partner opens second Hungary office
- Port Tracker predicts painless labor talks, U.S. import forecast weak
- Panama seeking funding for canal expansion
- L.A. reaches agreement to move TraPac terminal plan forward
- India, Burma to open alternate trade route
- Port of Rotterdam outlines new bulk terminal plans
- Santos Brasil orders 12 Kalmar RTGs
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| APRIL 3, 2008 |
- Port of Hirtshals with nice profit despite large expenses
Port of Hirtshals reaches a net profit of DKK 5.1 million in 2007 after a rather turbulent year with a lot of obstacles. During the year the ferry terminals was under re-constructions in order to be able to ...
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| APRIL 3, 2008 |
- Fujairah bunker volumes 'are estimates'
Players say monthly supply estimates cover a wide range.
- Bunker market report from Praxis
- Single sulphur proposal going forward to IMO committee
MARPOL Annex VI compromise suggests much stricter SECA limits followed by 0.50% long term global sulphur standard.
- Bumper business in San Francisco
Prices ease as buyers load up with big stems.
- Rotterdam market very quiet
- Technology company claims it could help cut ship CO2 emissions
Device would extract greenhouse gas from ships' exhaust systems.
- Singapore fuel oil stocks up on heavy cargo inflows
- Bunker fuel shortage to ease
IFO supplies currently tight in most Australia and New Zealand ports.
- Maersk gives new BAF rates
New BAF rates to take effect for North/Latin America-East Africa and Pacific trades from May 1.
- Fujairah takes number two spot
Fujairah bunker sales climbed almost 18% in 2007.
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