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| SEPTEMBER 5, 2008 |
Shipping News
- Nam Cheong inks DNV deal to class 10 vessels
Miri-based Nam Cheong Dockyard is moving up the value chain and starting to have more non-Malaysian offshore companies as clients as it increases its proficiency through gaining wider accreditation from class societies such as Det Norske Veritas (DNV).
- Singamas sees sales, margins dipping
Singamas Container Holdings, the world's No 2 maker of shipping boxes, warned that sales and gross margins may dip in the second half because of a weakening global economy.
- Maersk sees firm new ship prices in next 12-18 months
Prices of new sea vessels may stay 'firm' for the next 12 to 18 months because raw materials for shipbuilding, including steel, are expensive to procure while demand remains strong, a ship broker said.
- Boustead Heavy outsources hull contract worth RM62m
- Shipbuilding shares dumped on declining demand
- China-US container shipments plunge 21% in June
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| SEPTEMBER 5, 2008 |
- Maersk provides new Asia-Europe BAF calculation formula
- Martime takes delivery 3,426-TEU newbuilding, Thyssen design
- China-wide container throughput up 16pc in first 7 months
- China's exports and trade surplus rebounds
- Chongqing foreign trade soars in the first 7 months
- Port Klang's Freight Village for total logistics solutions
- Port of Melbourne trade up 6.7pc in FY2007-08
- Mercedes-Benz builds 70,000 square foot DC at Georgia Ports
- Bulgaria to build new box terminals with Japanese loans
- UK Amtrak parcel delivery goes into administration again
- MSC's Aponte stands against Air France bid for Alitalia
- Dragonair launches air-land intermodal service from Shanghai to Hangzhou
- Qantas CEO endorses CASA review
- Russia's Sheremetyevo airport sees 86pc rise in Q1 net income
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| SEPTEMBER 5, 2008 |
- India Shipping Summit to focus on infrastructure, offshore sector & financial resources
- Great Offshore acquires 2 firms to extend operational reach to port management & SPM operations
- Norway's Höegh Autoliners enters India's vehicle export trade
- Boxships charter rate slide accelerates
- P. V. K. Mohan named to head NSB
- Greatship takes delivery of PSV
- Pact with Lanka signed over tea
- Food products exports up by 38 pc in 2007-08
- Coffee exports earn more due to higher prices
- Aviation firms pilot alliances route for bigger slice of pie in sky
- Trade urged to utilise ICD-Durgapur
- CNG corridors along highways planned
- Price indices to be updated & released monthly instead of weekly
- Cheaper global crude to save $ 17 bn in import bill-Assocham study
- Steelmakers now clamouring for import duty
- Pusa rice export ban to be eased
- Dampening expectations on farm products may break WTO deadlock soon-Hoda
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| SEPTEMBER 5, 2008 |
- Martinair announces new general manager in Bogota
- Port of Hamburg shifts more boxes by barge
- Emirates adding more aircraft to fleet
- DB to acquire CTL Logistics Poland?
- SFS Unimarket AG receives Swiss Logistics Award 2008
- University of St Gallen logistics management event on 16 September
- Transit-Trans Kazakhstan 2008, 24-26 September
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| SEPTEMBER 4, 2008 |
- War pay shambles
- US seafarers' union backs Obama
- Exmar sells LPG ship
- Surprise resignation of top Philippine official
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| SEPTEMBER 4, 2008 |
- Coast Guard sets Hurricane Condition X-Ray for Baltimore
- Somali pirates add Egyptian ship to hostage fleet
- EIB loan for Grimaldi cruise ferries
- Wärtsilä buys Navelec
- Somali pirates seize French-owned yacht
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| SEPTEMBER 4, 2008 |
- Emergency response exercise scheduled for Bellingham Airport
- Grand Alliance switching to Cagliari for Mediterranean hub
- Coast Guard/Port of Astoria hosting open house and dance
- Microplastics workshop set for University of Washington Tacoma
- First Alaskan trucking company named to SmartWay parthership
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| SEPTEMBER 4, 2008 |
- Spain picks new law firm in Prestige case
SPAIN drops Holland & Knight in favour of Squire, Sanders & Dempsey to continue its $1bn lawsuit against American Bureau of Shipping.
- Law firms court Spain for $1bn Prestige lawsuit against ABS
- Slack demand wipes out 50% of BDI value
THE Baltic Dry Index has lost more than 50% of its value in just under four months, falling to 5,874 today.
- Grimaldi inks loan to fund motorways of sea ambitions
€81m loan from the European Investment Bank aimed at expanding its presence on the motorways of the sea.
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| SEPTEMBER 4, 2008 |
- Hurricane Ike threat intensifies
HURRICANE Ike has strengthened into an "extremely dangerous" Category 4 cyclone, with Miami potentially in its path next week
- Guilty plea in $6Bn bribery case
A TEXAS engineer has pleaded guilty to bribing Nigerian officials who were instrumental in awarding $6Bn in LNG facility construction contracts
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| SEPTEMBER 4, 2008 |
- Court ruling coming on port trucks plan
A U.S. District Court judge will hear arguments for temporary restraining order blocking trucks plan on Sept. 8.
- Port of New Orleans resumes cargo handling
- Steel imports up 4%
- Ports ease storm warnings as Hanna shifts east
- Bids for Hapag-Lloyd may disappoint: Report
- Hanjin transfers 60 jobs from US headquarters
- New York Terminals publish revised rate schedule
- UTi profit improves
- N.C. ports closing Friday
- Customs Update: New changes bring headaches
- Matson parent to NYSE
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| SEPTEMBER 4, 2008 |
- Jebel Ali hit with congestion surcharges
- Panama Canal: expansion 'on track'
- Kenyan port chief gets tough with importers
- US 100% scanning law: Singapore knock back
- Moby Dik boxes up 19%
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| SEPTEMBER 4, 2008 |
- Egypt ship seized
Reports indicate Somali pirates have hijacked another vessel and are taking it to Eyl.
- Hanna charging
North Carolina ports are expected to close early Friday as a Tropical Storm heads for the US East Coast.
- Another blow
A second analyst issues a wide bulker stock downgrade as Baltic Dry Index is expected to fall further.
- System 'strained'
Infrastructure improvements are needed to keep pace with capacity needs in US maritime transport system, new strategy says.
- Surprising drop
Container traffic from China to the US sliced by 21% in June as consumers stop spending, figures show.
- Fleet makeover
Holland America Line adds $200m to its upgrade program as five ships head to dry-docks for expansion.
- Brazil inks fund
Lower house of congress sends to the president a bill that would create a $584m shipbuilding guarantee fund.
- Falken leaves nest
Svein Hoel-led Troms Offshore sells 2001-built PSV to Mexican owner in $30m plus move.
- A&B NYSE-bound
Hawaii-based Matson Navigation parent is taking its stock listing from Times Square to Wall Street.
- Mississippi open
In the wake of Hurricane Gustav, the entire river is open to vessel traffic, with some draft restrictions. Other gulf waterways reopen.
- Ospraie sells out?
New York hedge fund said to be selling out of Stolt-Nielsen following closure for flagship fund.
- Polish pact
Polish treasury minister Grad outlines plan to fight EU aid repayment crisis: give shipyards more state cash.
- Bubbling up
Trouble brewing as Japanese World War II tanker begins releasing oil in Micronesian lagoon sixty years on.
- Hyproc gets gas
Hyproc, shipping arm of Algeria's Sonatrach, signs up for a pair of LPG units at HHI.
- PYI buys
Chinese ports player lining up investment in Yangtze operator Yichang Port Group to take 51% stake.
- Gamble backfires
Viking misses major pay day as waiting game for Transocean Rather backfires, brokers say.
- More for Axel
Norwegian shipowner strengthens his hold on Camillo Eitzen by taking additional $3m slice.
- Dry to thrive
Hellenic Carriers CEO Fotini Karamanlis bullish on prospects for dry-bulk shipping.
- FSL to tap US?
Singapore-listed shipping trust may hit nascent OTCQX after filing registration with SEC.
- Kystlink cuts
Norwegian ferry player shaking up route network to compete more effectively with Color Line.
- Asian stocks stung
Cosco, Mitsui OSK and CSDC among the big name fallers as shipping shares falter in Singapore, Hong Kong and Tokyo.
- Russian transfer
North-Western Shipping takes over management of 37 of sister owner Volgaflot's ships and tugs.
- Cadet conundrum
Indian owners facing fines if domestic trainees do not make up 15% of crews, as part of tonnage tax regime.
- Emarat double
Expanding Dubai owner back at Hanjin's Philippines yard for more tankers, this time two VLCCs.
- Jumper saved
Man who leapt from BC Ferries vessel in Canada plucked from water by passing boat.
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| SEPTEMBER 4, 2008 |
- Obama endorses Jones Act
- EXMAR sells LPG/NH3 vessel
- Matson parent to list on New York Stock Exchange
- INTTRA improves booking product
- OceanSchedules.com adds 26th carrier
- Construction starts on Hong Kong cargo terminal
- KUZU buys three A310 freighters from Emirates
- SAS Cargo selects InterGlobe as India agent
- Teamsters want to oust Smith as FedEx chairman
- DB to aid Qatar on massive rail projects
- UTi Worldwide reports higher profits
- Descartes net income down after tax expenses
- IFC supporting Siberian logistics development
- Military deploys container security system
- How sweet it is: DSC awarded logistics contract
- Report: 2007 global freight forwarding growth slowest in 4 years
- Panalpina completes share buyback program
- Hutchison CEO bemoans Indian port restrictions, Shenzhen overcapacity
- Coast Guard tells ports to prepare for Hanna
- Castrol Marine shifts from drum to bulk deliveries in key Asia ports
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| SEPTEMBER 4, 2008 |
- Finnish shipping policy blow to the Swedish-flagged fleet
The new Finnish shipping policy proposal that includes a revised tonnage tax system has been welcomed by Finland's shipowners, and if the policy is adopted, this could have serious consequenses for the Swedish-flagged fleet. "The proposal looks very attarctive ...
- Color Line sells Prinsesse Ragnhild
Color Line sells the ferry M/S Prinsesse Ragnhild, built in 1981, for EUR 23 million to the American shipping company Celebration Cruise Holdings. The ship will be delivered before October 1. With this agreement, Color Line has sold six ...
- Tanker near damage in the Åland Sea
The Maltaregistered chemical tanker Havi Trader was minutes from land, when a military serviceman supervising the traffic in the area noticed that the vessel deviated from its ordinary course. After repeated calls the martime surveillance at the Muskö military base ...
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| SEPTEMBER 4, 2008 |
- Global bunker market report
- ARA fuel oil firmer on tightening supply
Antwerp 'very busy' but availability not yet a problem, supplier says.
- Threat to bunkering in Mediterranean hub
Piraeus facing strike by customs officers.
- Staff changes at Unicom
- Bunker market pulled in different directions
Singapore sees prices steady but concerns over shortages remain.
- Dan-Bunkering hires new trader
- Rotterdam market firming
- Handover pending for Colombo bunker facility
Port authority says eight licensed bunker suppliers will have equal access.
- South Korea moving ahead with 'oil hub' plans
Ministry says Yosu terminal will be run run by KNOC and Oiltanking.
- Vessel speeds 'will be cut still further'
Speeds of 21 knots 'far from optimum' as owners look for bunker savings.
- Singapore residual fuel stocks sink further
Onshore fuel oil inventory at six-month low: middle distillate stocks also down.
- Salvage work to start
Sunken ferry's bunker fuel and toxic cargo to be removed next week.
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