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| MAY 6, 2008 |
Shipping News
- NZ govt buys Toll's rail, ferry services for NZ$665m
New Zealand's government agreed to buy the nation's rail and ferry services from Toll Holdings Ltd for NZ$665 million (S$709.4 million), allowing upgrades to go ahead.
- Hanjin threatens to drop US$2b Philippine yard
Korean shipbuilder Hanjin Heavy Industries has threatened to walk away from a US$2 billion shipyard project in the Philippines.
- HK shipping firm launches US$200m IPO
Hong Kong bulk and tanker shipping company Wah Kwong Shipping Holdings Ltd kicked off pre-marketing for its US$200 million Hong Kong initial public offering yesterday, sources with knowledge of the deal said.
- China's 1st locally-built LNG tanker completes maiden trip
- Cruise liner with 984 on board runs aground in Baltic Sea
- 12 dead after boat sinks in Amazon
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| MAY 6, 2008 |
- CMA CGM's River Shuttle Containers takes delivery of three new river barges
- American Lake Carriers warn lack of dredging menaces world trade
- Long Beach moves ahead with green port initiatives for ships
- HAFFA names new chairman as forwarders face fresh challenges
- Panama Canal Authority, Virginia ports sign trade promotion deal
- Dual leadership for Geodis Wilson's freight management
- Lufthansa signs deal to upgrade Siberia's Krasnojarsk Airport
- Miami International year's cargo airport, Cathay best Pacific freight carrier
- Cyprus's air cargo delivers mixed results
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| MAY 6, 2008 |
- JBS group takes stock of achievements, sets loftier goals for 2008-09
- Essar Shipping earmarks $ 800 m to acquire 14 vessels
- GE Shipping to sink Rs 2,385 cr. in tonnage addition
- Capt. P. V. K. Mohan now FORCE to reckon with SCI sponsors 29th annual congress
- Major maritime event scheduled to be held in Chennai from July 7 to 9
- UASC launches new Asia-Europe service with Hanjin
- New carrier mix forms restructured service calling South/North America
- DP World wins Seatrade Global Performer 2008 award
- Hapag-Lloyd names ultra-modern training ship Kuala Lumpur Express
- AADA hikes bunker surcharge from China & HK to Australia
- Tianjin launches port regulations, encourages investments
- Hamburg Süd to hike capacity from Far East to WC South America
- Japan's Top 3 lines post record profits
- STX Shipbuilding gets major tanker order
- Inttra appoints Jeff Pattison as CIO
- Panamax OOCL Panama christened
- Regulator approves Newcastle quota plan to cut vessel queues
- Port of Lianyungang box volumes surge by 60 pc
- Jay Buckley, Louise Yu promoted at Evergreen
- China Shipping to call at new terminal in Seattle
- APM Terminals signs RTGCs deal with Shanghai's ZPMC
- KoPT to encourage cargo movement by barges
- Ficci-E&Y study lists reasons for port congestions
- Swiss WorldCargo soars with 'Best European Cargo Airline' award
- India: world's second largest mobile market
- FDI arrivals up by 57 pc
- Value-added steel exporters may get belated duty exemption
- PPPAC approves 13 projects worth Rs 7,946 cr.
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| MAY 5, 2008 |
- M&M Militzer & Müwnch's German branch strengthens management
- Buss invests in Hamburg and abroad
- Emirates posts record result again
- Panalpina forced to open sealed documents
- Tiaca annual executive conference and AGM, 12-14 May
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| MAY 5, 2008 |
- MMS releases latest GoM Deepwater report
- TTS lands breakthrough anchor handling winch order
- ONR awards T-Craft design contract
- New ABS requirements for FPSO's
- Aker Philly in $560 million agreement with Cat Finance
- EC gives nod for STX acquisition of Aker Yards
- Tidewater earnings disappoint analysts
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| MAY 5, 2008 |
- Longview port board Oks sale of wetland property
- New lineup planned for Tacoma Port Commission meetings
- Port of Portland schedules PDX noise committee meeting
- Homeland Security Department pushes back TWIC enrollment date
- New commander named for Coast Guard Portland sector
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| MAY 5, 2008 |
- Passengers rescued from grounded cruiseship
NEARLY 1,000 people are being evacuated from the stricken cruise vessel, Mona Lisa, which grounded off the Latvian coast at the weekend.
- US passengers sue Louis Hellenic over Sea Diamond 'negligence'
- Brussels approves STX bid for stake in Aker Yards
Attempts to derail acquisition brushed aside as European Commission gives green light to deal
- HHIC's Mindanao venture takes a turn for the worse
HHIC says local officials tried to extort $9.45m in exchange for permits for shipyard project
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| MAY 5, 2008 |
- No smiles for Mona Lisa
THE cruise ship Mona Lisa was being evacuated Monday after grounding on a sandbar off the coast of Latvia
- Myanmar decimated by cyclone
NUMEROUS coastal cargo ships capsized during the severe cyclone Nargis, which barreled through the Bay of Bengal Friday and Saturday
- Court halts French port strike
THE docker strike besetting France's major ports has been temporarily halted by a court ruling
- Fuel surge could curtail liners
LINER operators could be forced to cut services to North America if bunker fuel rates continue to skyrocket ' and the emission caps to come will exacerbate the issue
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| MAY 5, 2008 |
- Ward to lead NY/NJ Port Authority
Former CEO of American Stevedoring has been nominated to become the new executive director of the bi-state agency.
- Railroads push STB on cost rules
- Lines open Asia-Aus. loops
- Food crisis could spur Doha trade negotiations
- Demolition to kick off Port Canaveral operations project
- Fuel fee hike for Cargolux
- WSC appoints vice president for environmental affairs
- Schenker plans largest hub for European network
- Rickmers Maritime profit off from previous quarter
- TWIC deadline extended
- WSC warns increasing fuel costs threaten U.S. service
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| MAY 5, 2008 |
- NZ Govt buys back rail, ferries
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| MAY 5, 2008 |
- Trailer Bridge sinks
Puerto Rico container barge specialist sees its Nasdaq-listed shares plunge 11% in a day to reach a year low.
- Dry-docking hurts Tidewater
CEO Dean Taylor ties expectations miss to rise in dry-docking days, as the company warns of future costs increases.
- Feds eying other trade lanes
Alexander & Baldwin says US federal investigators are probing pricing on the Alaska, Hawaii and Guam lanes.
- Ferry crash kills 17
Dozens are still missing after an unregistered ferry capsizes in Brazil's Amazon region.
- Tidewater cash still flowing
Revenue climbs at US offshore player, although profits are lower than a strong first-quarter 2007.
- Nordic American 'looking great'
Bear Stearns analyst says US-listed tanker owner should see much higher earnings in the second quarter.
- Odfjell sells again
Norwegian owner offloads 1983-built chemical unit but keeps buyer and price under wraps.
- Mavroleon steps down
Tanker broker turns over top Charles R Weber post to a chosen successor, and thus 'the younger generation' at the brokerage.
- EC green light for STX
Korean builder's merger with Norway's Aker Yards given expected approval by European antitrust regulators.
- Rickmers tops forecast
Singapore-listed boxship owner outperforms predictions for first quarter as revenues grow.
- PGS claims record
Norwegian owner clinches biggest-ever 4D seismic survey contract for Brazilian producer Petrobras.
- Nordic American up again
US-listed suezmax player increases first quarter earnings in strong market, with second quarter already even better.
- NCL admits Norway negligence
Star Cruises unit facing fine in US following boiler blast on cruiseship which killed eight in 2003.
- TKMS wins two more boxships
German shipbuilder says it has signed contract for vessels seven and eight in its series of 3,400-teu units.
- Profit for IHI?
Report suggests beleaguered Japanese shipbuilder could be back on track this year.
- Arms ship unloads
Cosco ship offloads some cargo in Angola, but it is thought weapons bought by Zimbabwe have stayed on board.
- New Zealand buys back ferries
Reluctant seller Toll Holdings makes NZD 235m killing on re-privatisation of rail and shipping services.
- Rieber signs for quartet
Norwegian owner and mystery forestry player in joint-venture offshore newbuilding splurge in Indonesia.
- Mona Lisa stuck off Latvia
No passengers hurt as Bahamas-flagged cruise ship runs aground early Sunday in the Baltic Sea.
- DP World on ports prowl
Dubai ports giant could tie up deals with Colombia and Ivory Coast to build and develop ports.
- ASL plans dock expansion
Singapore shipyard group plans to expand its drydock in nearby Indonesia and add two more.
- Middle Eastern tie-up
Omani owner Topaz Energy & Marine beefs up fleet with acquisition of Qatar's Doha Marine Services.
- Temas eyes tonnage
Indonesian boxship outfit could be about to spend $42m on six or seven ships.
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| MAY 5, 2008 |
- Court says tanker may not participate in Jones Act trade
- World Shipping Council: Cleaner fuel will cost twice as much
- LASH equipment sale boosts International Shipholding's profit
- Teamsters finalize labor deal with DHL
- DOT proposes increase in hazmat transporter registration fee
- Texas man indicted on Ex-Im Bank fraud charges
- Dole Fresh Vegetables to use iGPS pallet
- Schenker builds new hub near Salzburg
- Effects of West Coast ports shutdown minimal
- DHS extends final TWIC implementation
- Port of Tanjung Pelepas, MISC complete deal
- COSCO Pacific lands $440 million
- Karlsson to lead CMP Baltic expedition
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| MAY 5, 2008 |
- Passengers evacuated from grounded Mona Lisa
The cruise vessel Mona Lisa grounded in Irbe Sound, some 10 nautical miles off the coast of Latvia on Sunday morning. The Bahamian-flagged vessel have 651 passengers and 320 crewmembers onboard. A diver inspection showed that there are no ...
- Stena orders billion-dollar vessel
Stena Drilling has ordered a fourth drillship from Samsung Heavy Industries in South Korea. According to the shipyard, the price is USD 942 million dollar, more than 50 per cent above the price for the previous ordered vessels and indicating ...
- One oil spill villain grabbed during international coast guard operation
Lead by Denmark, coast guard aircrafts from nine European countries have during ten days patrolled the Skagerrak sea. 17 oil slicks were detected during a total of 185 flight hours in 61 missions. On the last day, one Norwegian-flagged ...
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| MAY 5, 2008 |
- Gibraltar defends its bunkering record
Bunker industry is 'very, very tightly regulated' says Bunkering Superintendent.
- Rotterdam barge market tight
- Record Russian oil export taxes confirmed
Fuel oil export tax nearly doubled from a year ago, giving Russian bunker market competitive edge.
- Artico team joins Cockett
Recently established firm remains subsidiary of Cockett's holding company.
- Hong Kong: 180 cst supply tightness expected to ease in May
Meanwhile, traders say lack of demand for MGO has created a surplus.
- Bunker costs threaten global box traffic
WSC says further charges on fuel usage will not cause fewer greenhouse gas emissions, only raise costs.
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