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| JUNE 5, 2008 |
Shipping News
- Lawyers strike it rich handling shipping trade's IPO launches
While some corporate law practices suffer, firms such as Morgan, Lewis & Bockius and Cravath Swaine & Moore have found a safe harbour: the shipping industry. Ship owners now pay securities lawyers US$500,000 to US$1 million or more to handle initial public offerings in the US.
- Cosco submits highest bid for Piraeus tender
Greece's largest port authority said on Tuesday that China's Cosco Pacific Ltd has submitted the highest bid to manage two of its container wharfs, offering a total of 4.93 billion euros (S$10.39 billion).
- Daewoo gets US$2.5b of orders in 2 weeks
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, said it has received US$2.5 billion of orders in the past two weeks to build 10 vessels that can carry oil and commodities and drill for crude.
- Tighter safety laws proposed for Sydney Harbour
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- Cosco tops Hutchison JV in Piraeus container terminal bidding
- Shanghai April trade value breaks record with 26.2pc increase
- Kaohsiung container volume down for three consecutive months
- AMB Corporation to build new logistics facility in Suzhou
- China ports' container volume up 17pc in first four months
- Safmarine takes delivery of second MegaWhite box ship
- Perma relocates headquarters to Singapore
- DP World takes control of underperforming Chennai box terminal
- Dachser, Baiyun International Airport form cooperation partnership
- AMI plots strategy at first global meeting after South African acquisition
- Troubled DHL dumps long-term partner ABX Air for UPS
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- Maersk Line contributes highest to JNP throughput
- PIL ahead in bidding race for Chittagong box terminal
- Milk powder exports may be put on banned list
- Cries of world's poorest may move govt to ease rice export ban
- ATMA demands anti-dumping duty on radial truck, bus tyres
- India could tap Thailand's rich gemstones deposit: Study
- With prices marked down, tea imports surge
- MbPT sets sweet new record
- Looks back with pride, looks forward to bigger challenges
- Port unions meeting on June 11 to plan course of action
- DP World Cochin, CoPT get onto cashew exporters' wavelength
- Airlines alliance keen on taking Indian cos aboard
- BCHAA launches management training programme
- Help cos acquire rigs to keep control of crude prices, suggests Assocham
- Onion export MEP slashed
- Fuel added to inflationary fire
- Govt withdraws DEPB sop for cement exports
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- Presnail new head of Cargo 2000 Asia-Pacific
- Maersk announces rate and BAF increases
- Boeing presents B777 full-freighter
- K+N offers Legrand Algerian logistics concept
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| JUNE 4, 2008 |
- Asian owners warn on liner earnings
- Credit crunch has "little effect on Middle East"
- Georgia (US) in Suez link
- EPA award for Foss
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| JUNE 4, 2008 |
- Rigdon ops to remain N.O. based after merger
- Tidewater announces promotions
- Ice Maiden discharged in Rotterdam
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| JUNE 4, 2008 |
- Port of Seattle financial statements receive clean audit report for 2007
- Marcon breaking records with tank barge sales
- Port of Astoria open house will present director candidates
- Peregrine falcon chicks call Port of Olympia home
- Foss Maritime wins honors for GREEN DOLPHIN hybrid tug
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- Brussels turns up heat on CO2 emission talks
HEAD of environment ministry says EU is fed up of waiting for drawn-out efforts to come up with a solution.
- Loading delays push capesizes to new highs
CONGESTION at Brazilian and Chinese iron ore ports push rates to record levels.
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- Admitted terrorist targeted ports
US AND European ports and other freight handling facilities are thought to have been targets for an admitted terrorist, who pleaded guilty yesterday in federal court to conspiring to use weapons of mass destruction against targets in the two continents.
- Fairplay at Posidonia
FAIRPLAY 24 is providing coverage of Posidonia 2008 this week
- Bonyad Shipping to list in Tehran
BONYAD Shipping Company of Iran has revealed to Fairplay that it intends to seek a listing on the Tehran Stock Exchange
- NITC studies oil-swap trade
A PLAN to engage in a pan-Caspian oil-swap trade is being studied by the National Iranian Tanker Company (NITC), Fairplay was told by company director Jamal Mayahi
- Canadian Navy stops pirate attack
A HELICOPTER launched from a Canadian warship repelled a group of pirates as they were attacking a merchant vessel 65n-miles off Somalia yesterday
- Import drop prompts job cuts at Oakland
DESPITE increases in exports, a continued economy-driven drop in West Coast imports has led the port of Oakland to cut about 10% of its workers.
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- China shift spurs sourcing decisions
Beijing's plans to grow domestic economy leading some companies to seek out new locations for production.
- Long Beach to launch clean-trucks program in July
- U.S.-Korea beef trade deal faces increasing protests
- China bank says predicted export decline 'exaggerated'
- New manager for CMA CGM (America) strategic accounts
- Short-sea service launching to link Houston, Brownsville
- OECD cuts growth forecasts
- Job cuts for Maersk shipyard
- Union threatens to escalate French port strike
- Basham: Scan-all no cure-all
- New manager for Rotterdam port container department
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- Odense to cut up to 250 jobs
- FESCO Lines and TIS join forces
- UK rejects super-lorries
- NZ government fund boosts coastal shipping
- Cargotec still expanding rapidly
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- Uruguay prang
Greek bulker spills bunkers after two ships collide near port of Montevideo.
- Seaway declines
The Great Lakes-St Lawrence Seaway sees a drop in cargo tonnage compared to 2007.
- Maersk burned
A catalogue of errors is exposed in a report into a fire on anchor-handling tug.
- Fulford leaves
Axed Clarkson's chief has 12 months to tend his garden after making final exit from shipbroker.
- Engineer airlifted
The US Coast Guard rescues a crewman aboard a Turkish-flag bulker.
- Trico bags credit
Joe Compofelice-led offshore owner inks a $51.2m loan with Carnegie Investment Bank that may help pay for the DeepOcean takeover.
- Allied invasion
Greek broker takes over waterfront to host spectacular twentieth birthday bash.
- Polemis panned
Greek owner found to be unreliable and untruthful witness during landmark trial.
- Fast track fund
New $50m venture between Tufton and Kuwait Finance House wants "bouquet" of shipping assets worth $250m and quick.
- Mystery spill
Spanish authorities are mopping up a 3.7-kilometre-long spill but do not know the source.
- Pirates repelled
Canadian warship drives off attack on ship off Horn of Africa.
- Axe falls at Lindo
Maersk's Danish yard to lay off up to 250 workers to cut costs, after union talks fail.
- Liberty for Greece
ABS helps bring last available Liberty Ship across the Atlantic to serve as maritime museum.
- Lucky eights
Is Allied Shipbroking targeting China? Twenty years since foundation on 08.08.1988.
- Hello Mummy
Sweden's Tillberg shows off new designs for futuristic ships, including a "mothership" cruise vessel.
- Burma blacklist
Shipping lines still feature in "name and shame" roll call alongside the BBC.
- Highs terminated
Tough times ahead for offshore owners this summer as charterers adopt a more aggressive strategy.
- HHI in $2m JV
South Korean giant firms up shipowning venture which will carry Chinese steel to its yards.
- Zodiac's $1m gift
Ofer-controlled company makes donation to help with Chinese earthquake relief efforts.
- Gone underground
Sweden's Gothenburg port to store Russian crude in nearby cavern by end of next year.
- Bulkers still a go
Hudong Zhonghua Shipbuilding says panamax orders are unaffected by crane collapse.
- Offen 4 for DMSE
German owner's first bulkers thought to be among $2.5bn ordering spree at Korean yard.
- Early bird
Herman Billung says early orders at new Chinese yards makes difference.
- Oakland cuts jobs
US port in budget crisis as downturn hits containers and airport traffic.
- Tata expands COA
Indian giant's power arm has renegotiated a long term coal COA with Mercator.
- CMH selling bonds
Ports group China Merchants Holdings lining up five and 10-year US dollar debt issue.
- Back for more
John Fredriksen's Seadrill has snapped up more shares in Malaysia's SapuraCrest
- US steps in
Bush administration funding drive to toughen up Philippines in fight against piracy and Muslim militants.
- Aboitiz buys
Philippines ferry group gets into logistics with takeover of Scanasia Overseas.
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| JUNE 4, 2008 |
- Maersk shipyard confirms job cuts
- Last Liberty ship may be bound for Greece
- Peruvian Amazon Line will add Tampa call
- IATA sees air industry $2.3 billion in red for 2008
- Calif. seeks to mandate fairings, tires on trucks, 53-foot trailers
- Korea looks to U.S. beef exporters for cattle age restrictions
- USDA proposes import/export inspection fee increases
- GAC opens 14th Australia subsidiary
- FMC reviews 35 OTI license applications
- Port of Salalah signs expansion MOU
- Marseilles ro-pax terminal project abandoned
- Port of Rotterdam appoints Bliek as containers manager
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| JUNE 4, 2008 |
- EU court of justice over rule Intertanko
The Court of Justice of the European Communities has ruled the UK, and all other EU members, can have their own rules on penalties for ship source pollution. Intertanko, and others, brought an action before the High Court of Justice ...
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- Bunker market set to grow as oil terminal expands
Turkey's Ceyhan Bay bunker market could reach three million mt a year.
- Global bunker market report
- Oil prices slide on signs of faltering demand
Weekly US oil inventory data show build in gasoline stocks and lower year-on-year demand.
- Saudi Arabia plans series of fuel oil imports
Reports say region's major oil producer will import up to two spot cargoes a month.
- Omani port continues growth
Bunker volumes expected to rise as Salalah plans three new container berths.
- Greek companies to merge activities
Supplier wants to increase bunkering volumes through cooperation with worldwide trader.
- Rotterdam barge market stable
- Double-digit price drop in Singapore
Buyers holding back in anticipation of further price falls, traders say.
- Charterers 'hit twice' by bunker costs
Bunker costs for modern VLCC have 'increased from $37,000 per day in October to $55,000 per day'.
- PetroChina cargo unlikely to pressure prices
VLCC expected to discharge 270,000 metric tonnes of fuel oil into Singapore.
- Thumbs up for Singapore
World's busiest port wins accolade for customer satisfaction.
- Rough seas disrupt Indian bunkering
Bunkering operations at the Gulf of Kutch have experienced difficulty due to bad weather.
- Chimbusco signs lubricants supply contract
Partners a Chinese firm to market and distribute lubricants domestically and overseas.
- Singapore: Bunker trader joins Bakri Trading
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