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| FEBRUARY 5, 2008 |
Shipping News
- Tanker rates for ME-Asia routes seen falling
The cost of shipping Middle East crude oil to Asia, the world's busiest route for supertankers, may reverse five days of gains as the Chinese New Year holiday curbs demand for ships.
- Mitsui Engg Q3 profit declines 60%
Mitsui Engineering & Shipbuilding Co, Japan's third-largest shipbuilder, posted a 60 per cent decline in third-quarter profit from a year earlier, when a one-time gain from the sale of a boiler unit boosted earnings.
- Dry-bulk shipping costs may rise for 2nd week
Shipping costs for coal and other commodities may extend gains for a second week as demand to move iron ore rises on speculation Chinese steelmakers and three miners may be close to a price accord on annual supplies.
- KL firm eyes Kerala port deal
- Brazil turns to containers to ship sugar
- Tanjung Offshore expects more ships
- Conversions won't stem fleet growth
- DP World to boost port capacity 27%
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| FEBRUARY 5, 2008 |
- Maersk Line to start new intra-Asia service
- Beijing to build Sino-German giant logistics park to match new Silk Road rail link
- Savannah Port posts a 20.6pc increase in 2007 box volume
- Second U-Freight HK warehouse gains TAPA FSR 2007
- GreenCarrier extends Baltic business with Estonia operations
- Containerships moves Polish calls to new DCT Gdansk
- EDS to pilot IT system to speed up Melbourne Port's cargo flow
- Tianjin's Binhai Airport to boost cargo handling through major construction
- Singapore's Changi Airport accords Malaysia's AirAsia landing rights
- Emirates SkyCargo wins top Indian accolade, urges more infrastructure spending than planned
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| FEBRUARY 5, 2008 |
- InterChange launch marks IAS' foray into India
- UN body adopts draft paper on carriage of goods by sea
- 'Oscars for Shipping' to be handed out on May 13
- CSAV NORASIA starts NAS feeder service to connect North Africa with Asia & Mideast
- HAMBURG SUD optimises southern route of Europe-Mediterranean services
- CMA CGM adds Dalian call to Asia-Black Sea service
- Port of Durban engages Kalmar for service solutions
- PSA International, IPH, GIP in Argentine port development JV
- OOCL opens new office in Cambodia
- Port of Savannah posts 20.6 pc rise in boxes
- Last hurrah: FEFC's volume to Europe up by 19 pc
- Famous Pacific Shipping provides full logistics services for new power plant in Sri Lanka
- CTSA lines to hike rates in May, CAFs & BAFs later
- Qingdao port hits 9.4 m TEUs in 2007, rises to 7th place in China
- Hapag-Lloyd's CEO, Ulrich Kranich becomes new ELAA Chairman
- Gandhidham Chamber & other trade bodies serve strike notice on Kandla Port
- Kerala govt revives Vizhinjam port project
- Port & dock workers seek Central staff pay & DA structure
- Rotterdam port to anchor in India this year
- Land acquisition for Vallarpadam ICTT connectivity by month-end likely
- Planners shaping up MCA on airport development
- Rlys may fix minimum 14 pc RoR for PPP projects
- FIIs: Net sales of Rs 13,036 cr. in Jan. 2008
- Chidambaram sees forex reserves skyrocketing
- Infrastructure growth to drive economy till 2015
- Forex reserves rise by $ 3.418 bn
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| FEBRUARY 4, 2008 |
- APL Germany names MD for Germany and Central Europe
- PSA in Argentine joint venture
- German/Russian joint venture going forward
- VFLI joins European Bulls
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| FEBRUARY 4, 2008 |
- UK storms take their toll
- Box loss warning
- Golden Ocean fixes for long term
- Good year for MacGregor
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| FEBRUARY 4, 2008 |
- DHS FY2009 budget slashes Port Security Grant funding
- FY2009 DOD budget seeks $16.9 billion for shipbuilding
- Somali pirates hijack ice class tug
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| FEBRUARY 4, 2008 |
- Portland Shipping Club names Bob Lipscomb 'Old Salt' for 2008
- Trade between NAFTA partners rises during month of November
- NYK restoring vessel to give glimpse at past
- NOAA explains letter regarding LNG terminal
- NASSCO awarded contract to build tenth T-AKE vessel
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| FEBRUARY 4, 2008 |
- Horncliff holed by own container
INCIDENT provides more proof of risk to maritime safety posed by boxes falling overboard.
- Issue that weighs heavy on shipping
- Forth Ports axes STS plans
PROPOSALS for ship-to-ship oil transfers dropped after protests from green groups and politicians.
- Svitzer tug hijacked off Somali coast
DANISH towage firm negotiating with pirates to secure relase of ice class tug newbuilding.
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| FEBRUARY 4, 2008 |
- ABS faces Spanish Prestige appeal
SPAIN has officially filed papers confirming that it will appeal last month's US District Court loss in the Prestige case
- Florida probes cruise surcharges
THE Attorney General of Florida has launched an investigation into cruise lines' recently implemented fuel surcharge practices
- HK owners play down bulk slide
BULK owners in Hong Kong have shrugged off the current slide in dry bulk rates, confident that the China economic boom will be sustained
- HK promises to stay in the game
- Qatargas to supply LNG to Thailand
- Poorly secured cargo worries Finns
- Two more submarine cables cut
- Boats 'not guilty of cutting cables
- Swansea-Cork ferry faces more delay
- Corruption charges rock Kandla
- Grounded crane ship defies salvors
- Stricken Horncliff safe in harbour
- Salvors struggle with oil, biscuits
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| FEBRUARY 4, 2008 |
- Container volume up 4% at Virginia port
Port of Virginia handled 2.128 million TEUs in 2007, up 4 percent on the previous year and the sixth consecutive year of growth.
- Homeland Security gets 7% budget increase from Bush
- Seattle volume flat
- Maersk Line, Evergreen share Asia-Europe slots
- Trailer Bridge lands Costco's Puerto Rico business
- CMA CGM makes Malta terminal extension official
- DoD extends RFID pact
- Agents protest Nehru fee
- Hamburg Süd names box ship
- DHL re-validated for C-TPAT
- Trans-Pacific carrier rate groups cut fuel surcharges
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| FEBRUARY 4, 2008 |
- Maersk and Evergreen to exchange Europe/Far East slots
- Antwerp's MSC Home Terminal expands capacity
- Trans Kalahari road corridor to be upgraded
- Maersk starts new intra-Asia link
- GreenCarrier sets brand image in Estonia
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| FEBRUARY 4, 2008 |
- Union merger go-ahead
British and Dutch seafarers vote to create world's first transnational union.
- Green freight desk launched
Veteran who launched MJLF into vegoil emerges at alternative energy trading house to start a tanker desk.
- Feedership sells for $29m
Rudolf Schepers sheds the 868-teu Margaretha, as Arkas fetches $21.2m for a 1,020-teu boxship.
- Teekay Offshore hikes payout
Teekay spin-off increases quarterly dividend by 3.9% to $0.40 per share.
- Sunrise fetches $42m
A Japanese buyer picks up a single-hull VLCC, as a handymax tanker goes for $44.8m.
- LNG fight goes to court
The company that hopes to build an LNG terminal in Massachusetts is suing the US Coast Guard for access to records.
- Box ports in emissions storm
US container ports draw the wrath of a new report for being a major source of air pollution and posing a health risk to millions of people.
- New Times order resold
Vafias-controlled Stealth Maritime buys up two 114,000-dwt newbuilding tankers for $76m apiece.
- Box hauler nabs big shipper
Florida-based Trailer Bridge picks up exclusive Puerto Rico contract with wholesale chain Costco.
- DIS still Poles apart
Danish labour court rejects latest bid by union for equal pay for Polish seafarers.
- Master rapped over pipeline snag
UK accident report criticises Scinicariello aframax captain after anchor damages gas line.
- Fund takes Oceanaut slice
New York hedge fund QVT Financial reports a 14.1% share in the US-listed bulker owner, six weeks after reporting a similar Top Ships stake.
- Baalu: Sethu poses no risk
Shipping minister denies controversial channel between India and Sri Lanka will worsen security.
- MCA rejects pollution fears
Recovery of Clipper-owned ferry stuck on Blackpool beach could take two weeks, Coastguard says.
- SCI paying up for officers
State-owned shipping company forced to offer incentives to avoid shortage of seafarers.
- Calipso's dance extended
US-listed Diana Shipping extends six-month charter to a full year on a panamax bulker.
- UASC wants nine
Owner eyeing a series of 10,000-teu newbuildings to meet its ambitious profit targets, president and CEO says.
- Clean sweep for ASL
Singaporean group banks record first half profits with shipbuilding, repair and chartering revenue all on the rise.
- Essar edges up
Indian tanker and bulker owner manages third quarter profit boost despite revenues shrinking.
- Shipping in the clear
Communications blackout not caused by rerouted maritime traffic, Egypt says.
- Ferry in barge smash
Up to 35 injured in Philippines as Ocean Fast Ferry ship fails to spot anchored vessel.
- Hanjin workers threaten walk-out
Welders recruited from Bohol for Philippines shipyard unhappy at training allowance.
- Mipo bags chemical order
Unidentified European signs for 10 chemical units at Hyundai Mipo in $511m deal.
- Ship sinks off Iran
Seven crew members rescued by passing trawlers as unidentified Iranian vessel falls victim to stormy seas.
- Nasco looks overseas
Chinese owner and manager seeks IPO as major shareholder prepares to sell up.
- Evergreen shares with Maersk
Taiwanese and Danish boxship lines strike slot deal for Europe to Asia services.
- Tug seized off Somalia
Vessel on maiden voyage to work at Sakhalin Island gas field hijacked by pirates off East Africa.
- HHI lands Hapag-Lloyd sextet
Seoul-listed shipbuilder confirms $843m six-ship deal with German boxship giant.
- Incat inks newbuilding
Aussie fast ferry builder wins newbuilding contract from Irish leasing firm MGC Chartering.
- Hanjin Heavy stands alone
Korean shipbuilder posts profit in five-month period since splitting from holding company.
- NOL in strong year end
Singapore liner operator sees healthy increases in volumes and revenues for last trading period of 2007.
- Golden Ocean ties-up two
John Fredriksen- controlled bulker outfit finds long-term employment for two of its capesizes.
- Solstad offloads oldies
Norwegian offshore player nets $8m from the sale of two elderly units.
- Mitsui falls
Japanese shipbuilder's nine-month profit drops, but only because of a one-off sales gain in the previous year.
- Yantai shelves listing plans
Credit crunch claims another victim as yard says recent market turmoil makes listing "impractical".
- CH Offshore's profits slip
Singapore offshore vessel operator sees interim results dip 11.5% on smaller fleet and fewer sales.
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| FEBRUARY 4, 2008 |
- Evergreen, Maersk to swap slots on Asia/Europe services
- Horizon sees flat earnings in fourth quarter
- Employers, unions back fair treatment for seafarers in accidents
- MOL creates link between Far East, South Africa and Mozambique
- Master seriously injured as reefer vessel loses containers in gales
- Costco selects Trailer Bridge for Puerto Rico shipments
- New Zealand first for Hamburg Süd ship naming
- INTTRA opens office in Bangkok
- Vietnam Airlines extends partnership with Globe Air Cargo
- Dubai e-customs systems to go online later this year
- Continental's cargo down 1.4% in January
- CMA CGM involved in African cotton deal
- USDA to start issuing permits for Australian cherry imports
- Costa Rica wants extension for DR-CAFTA legislation
- Container shipping: A way out of parking tickets
- U-Freight's starts U.S. export ocean consolidations to Southeast Asia
- NSF Logistics buys DFL
- FMC reviews 30 OTI license applications
- Maritime executive Tilden predicts cargo diversion to Mexico, Canada
- New round of port security funding announced
- Houston gains increased bid points for U.S. food aid cargoes
- U.K. port congestion "serious problem for the foreseeable future"
- Eurogate's container throughput up 10.6% in 2007
- Port of Rotterdam to relocate fruit handling area
- New Orleans moves forward with new reefer warehouse
- CMA CGM's Malta concession extended
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| FEBRUARY 4, 2008 |
- Heavylift carrier stranded with five gantry cranes
The stormy weather in the North Sea area led to a dramatic day for the crew on board the Chinese-owned heavy weight carrier Zhen Hua 10, which dragged anchors off Rotterdam and despite full engine power, the ship was ...
- Scandlines ferry hit a bouy at Fredericia
For the second time within a week a Scandlines ferry had to sail to a shipyard to have a hull damage repaired. This week is was the German-flagged Schleswig-Holstein that came into trouble after leaving Fredericia Skibsværft in ...
- Svitzer tug hi-jacked off the Somali coast
The Svitzer-owned tug Svitzer Korsakov was Friday last week hi-jacked off the Somalian coast, while on a passage from Suez to Singapore. The hi-jackers took command over the tug and according to recent information is on the ...
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| FEBRUARY 4, 2008 |
- Capacity to rise at Russian terminal
Fuel oil exports may nevertheless be cut after modernization.
- New bunker trader for Bominflot
- Wallenius Wilhelmsen signs deal with SMP
Contract is one of SMP's largest for the supply of low-sulphur IFO.
- Cleaner fuels could 'halve premature deaths' from ship emissions
IMO presented with follow-up study predicting more than 80,000 premature deaths globally unless marine fuel sulphur content is cut.
- Removal of bunkers 'a priority'
Bad weather has been hampering operations to salvage ferry beached on UK coast.
- Bunker leak in Panama
Reports say 'thousands of gallons' of marine fuel was leaked during a pumping operation.
- Rotterdam market soft
- Dan-Bunkering takes in new trader in Denmark
- Malaysia detains vessel for illegal bunkering
Vessel refuelling a fishing boat was 'unable to produce' bunkering licence.
- Singapore 380 cst forecast at $400-500 pmt into Q2
Forecast is based on expectations of crude price movements and a slowing US economy.
- Chimbusco ups minimum barge supply volume in Dalian
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