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| MAY 5, 2008 |
Shipping News
- Norwegian Cruise Line to plead guilty to negligence
Norwegian Cruise Line Ltd has agreed to plead guilty to a criminal charge of grossly negligent operation of a ship in connection with an explosion that killed eight crewmen on the SS Norway in 2003, US prosecutors said last Friday.
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| MAY 5, 2008 |
- Conferences, FEFC, CTSA, ESPMC-WITASS, increase BAF and CAF
- Anti-Iraq War May Day shutdown ILWU ports illegal, say employers
- Evergreen profit rises only 4.9pc as bunker busts rate hike gain
- Samudera posts net profit growth of 46pc in first quarter
- Pirates back in action off Singapore after long absence
- Damco named best logistics provider for sea freight
- Aloha Airlines Cargo flies again, saved by tugboat company's parent
- Emirates SkyCargo revenues up 20pc as cargo leads profit growth
- Globe Express opens New York, Delhi offices, sharpens airfreight focus
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| MAY 5, 2008 |
- "K" Line (India) Pvt. Ltd begins operations from today
- CSL delivers 6th PSV to Norwegian co.
- Aquarius Maritime extends network to Gujarat
- Great Offshore sails to increased net profit
- Bharati shipyard net up by 47 pc in 2007-08
- GE Shipping's bottom lines swell
- Just 3 years young, Aeromar already going places
- Kulkarni seeks early VDLB merger with VPT
- ICD volumes boost MICT traffic to new monthly peak in April
- NMPT holds interactive trade meet in Bangalore
- DHL Express & Blue Dart strike Gold
- CHA staff in JNP & Mumbai Port to get higher wages
- Hind Terminals' CFS-Dronagiri achieves major milestone
- Freeze prices, Nath to tell cement units
- Foreign Trade Policy Analysis: Current Trends- By M. Sreedharan
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| MAY 2, 2008 |
- Geodis Wilson with new dual leadership
- Brazilian freight takes flight with Emirates SkyCargo
- TNT with lower profits in Q1/2008
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| MAY 2, 2008 |
- Deep Sea Supply sells newbuilding
- UK detains chemical tanker
- Strong Q1 for Hornbeck
- Trailer Bridge denies price fixing
- Baltic launches dirty sector assessments
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| MAY 2, 2008 |
- DHS "realigns" TWIC final complianced date
- Coast Guard CWO pleads guilty in pollution case
- ASL Marine boosts Batam shipyard repair capacity
- Trailer Bridge puts strategy rethink on hold
- Senate panel nips and tucks Navy shipbuilding budget
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| MAY 2, 2008 |
- Longshore workers stay home to protest war in Iraq
- US rail carload tally posts gain during week
- Port of Bremerton Commission moving meeting to evening
- National Navigation Company pleads guilty to dumping sludge
- Coast Guard officer guilty of lying in bilge discharge case
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| MAY 2, 2008 |
- Bullish DryShips splashes out on modern capes
GEORGE Economou company spends $300m on two capesizes in new round of acquisitions.
- Expansive Dryships orders $800m drillship pair
- Philippine president steps in to halt HHIC spat
LOCAL mayors told to stop hindering Hanjin Heavy Industries and Construction's shipyard project.
- SNRH seeks injuction over licence suspension
KOTUG subsidiary acts to block surprise move by Le Havre port to stop its operating licence.
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| MAY 2, 2008 |
- Clarkson's chairman accused of lying
CLARKSONS' chairman Tim Harris has been accused of lying to the shipbroker's AGM last year by Salim Bhimji, executive director of Ocean Press & Publishing.
- Minister probes tugboat deal
PAKISTAN'S Ports and Shipping Minister, Syed Naveed Qamar, has set up a powerful committee to investigate allegations into the awarding of a contract for the hire of a tugboat and pilot boat by Port Qasim Authority (PQA)
- Coast Guardsman guilty in OWS case
A COAST Guard warrant officer faces up to five years in prison for lying about oily water dumping in Honolulu Harbor
- Mipo profits up 50%
SOUTH KOREA'S Hyundai Mipo Dockyard has posted W826.7bn ($8.9M) turnover for 1Q08, a 22.19% increase on 2007's first quarter
- Hanjin stops work on second yard
HANJIN HI & Construction has stopped work on its second Philippine shipyard project, in Tagoloan, Mindanao, because of a row over environmental clearance
- Liquidity problem rumoured at Aker
AKER Yards Finland is alleged to be facing liquidity problems and has asked for additional capital from its owner, according to a Finnish TV report.
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| MAY 2, 2008 |
- Ports back to normal after union protest
West Coast ports see little effect after stoppage by the International Longshore and Warehouse Union Thursday to protest Iraq war.
- TWIC deadline extended
- WSC warns increasing fuel costs threaten U.S. service
- CSX launches rail project linking Atlantic ports, Midwest
- Dumping probe of MSC ship
- ISC profit increases
- Coast Guard officer admits lying in dumping case
- FMC slates meeting
- Teamsters ratify DHL pact
- Details of Canada-U.S. highway project unveiled
- Saltchuk Resources buys Aloha Airlines' cargo operations
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| MAY 2, 2008 |
- Is communication the key to living with port congestion?
The ocean carrier blames the terminal, the terminal blames the carrier and the poor shipper is kept in the dark. This is the blame-culture that is blighting container shipping and everybody suffers.
- Marport adds cranes
- Overtime bans hit NZ's Lyttelton
- MSC containership detained at Montreal
- Tesco and PD Ports sign deal
- May Day stay-at-home for US west coast dockers
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| MAY 2, 2008 |
- DryShips' new cape named
Brokers say US-listed DryShips' latest capesize buy is Alcyon Shipping's Nightflight.
- Pacific Basin sells again
Brokers say the 45,600-dwt Pacific Trader (built 2000) has been sold for $59m.
- Lash selloff buoys ISC profit
International Shipholding Corp posts a 14.2% boost in first-quarter profits as the company continued to sell off Lash assets.
- Clipper enters Argentina
In a joint venture with Buenos Aires-based Petrotank, Denmark's Clipper Group wades into Argentine cabotage.
- Precious profits plunge
Khalid Hashim-led owner's income cut in half after 2007 figures were buoyed by vessel sales.
- Kirby exec cashes in
Tank-barge player's president has exercised options and sold millions in stock.
- Taiwan Nav in the money
Taiwanese bulker owner still raking in the cash as first quarter figures emerge.
- Early Easter boosts ICG
First quarter statistics show recovery but will the second period see it rue the early holiday?
- GE spot joy
Great Eastern Shipping of India sees annual revenue and profit soar as spot exposure grows.
- Nine feared dead off Zanzibar
Bulker carrying coal from South Africa said to have sunk with Filipinos, Singaporeans and a Kenyan feared dead.
- Police probe after yacht hit
Dutch police quiz master and second officer of Cyprus-flag ship after alleged collision.
- Small owners eye Athens IPOs
Shortsea companies will lead the charge for listings in Greek capital should restrictive rules be cast aside, leading economist says.
- Arroyo to Hanjin: "Don't leave"
Philippines president urges rethink after Hanjin Heavy threatens to scrap $2bn shipyard plan.
- Bad start for Wan Hai
Taiwanese boxship line dips into the red in first quarter as costs rise.
- First quarter cheer for U-Ming
Taiwanese bulker owner rolling in cash after strong start to 2008.
- Sydney crash death-toll rises
Sixth person dies in hospital after it emerges former Sydney Ship Repair worker was on board fatal vessel stolen from yard.
- Mipo surges on pricey orders
Korean offshoot of Hyundai Heavy sees first-quarter net profit balloon as it build more expensive units.
- Yang Ming turns it around
Panamax bulker fleet and asset disposals help Taiwanese owner erase 2007's first-quarter red ink.
- Deep Sea sells newbuilding
Oslo-listed offshore owner banks $6m profit from sale of anchor handler.
- Opec output to edge up
Oil exporting group's members will load 0.2% more crude over next month, reaching 24.62m barrels per day.
- Algoma cuts losses
Canadian tanker and bulker owner's first quarter result improves on back of strong dry-cargo sector
- OceanFreight seeks $200m
US-listed drybulk player files shelf registration with US regulatory authorities to raise fresh capital.
- UK holds Rachel B
"Numerous faults" led to chemical tanker being detained for a second time in as many months.
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| MAY 2, 2008 |
- FMC vows to meet more frequently
- McLean family puts Trailer Bridge stock sale on hold
- Tropical Shipping's profits slump in 1st quarter
- Asia/Australia partners to expand cooperation
- Seaspan sells extra common shares
- CTSA lines adjusting BAF, CAF
- U.K. coastguard detains chemical tanker
- Germanischer Lloyd launches CO2 index
- Small town ag shippers take aim at rail captivity, STB
- CMA CGM inland waterway unit receives barges
- Bush requests additional $770 million food aid
- Panalpina's 1st quarter profit down 40%
- DSV's profit soars, eyes takeovers
- ILWU shutters West Coast ports in May Day anti-war protest
- Record breaking bridge connecting Shanghai and Ningbo opens
- Karlsson to lead CMP Baltic expedition
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