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| JUNE 6, 2008 |
Shipping News
- Indian shipping firms eye high freight bonanza
INDIAN shipping companies are looking to earn impressive revenues following a record surge in crude oil prices and a growing shortage of tankers that have firmed up freight rates.
- Global container lines vow to go green
The global container shipping industry is playing its part, in line with World Environment Day yesterday, to emphasise its commitment to environmental protection and reduce their impact on their environment.
- No proof to link terrorists to piracy: report
Incidents of piracy have spiked across the world since 2000 but there is no evidence to support fears of extremist groups linking up with pirates for their operations, a new study finds.
- Fuel costs drive up All Leisure's summer cruise prices
- Port Shots
- Newcastle maintains curbs due to weather
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| JUNE 6, 2008 |
- OOCL adds PPS, ups BAF, CAF, LSF, CBR for trades to the West and SE Asia
- Rizhao Customs container volume statistics surge 110pc
- Qingdao trade value increases 34pc in first four months
- Maersk Line to start new trans-Tasman dedicated service
- Corpus Christi Port awaits more business with Panama Canal expansion
- Evergreen joins EU's greenhouse gases measurement scheme
- United Airlines postpones launch of China direct service
- UK Air Charter Service opens first Asia office in Hong Kong
- China Southern to form cargo, mail JV with Air France
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| JUNE 6, 2008 |
- Middle East maritime industry expects trade momentum to continue in 2008
- Maritime pollution now a crime in Europe
- After STC, MMTC floats tender for 59,000 tonnes of pulses
- Ningbo-Zhoushan port now largest Chinese port
- Orissa clears decks for Apeejay-Bharati's JV shipyard project
- Port of Salalah to expand capacity
- Report cites formula to boost HK port's box throughput
- Court freeze on Vizhinjam port project
- Truckers hint at 12-15 pc freight rate hike
- Fuel price hikes were inescapable, asserts CII President
- BoA clears 23 SEZ proposals
- Promising export potential seen for banana stalk yarn & fabric
- Sajjan Jindal now steering Assocham's course
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| JUNE 5, 2008 |
- AF-KLM in joint airfreight venture with CS
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| JUNE 5, 2008 |
- Mitropoulos warns against commercial pressures
- DNV: Switch to LNG!
- ABS claims more Greek owners
- Costamare ships use GL's CO2 indexing
- River Plate bunker spill
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| JUNE 5, 2008 |
- Indictment in plastic piling bribery case
- K-Sea Transportation buys Roehrig tugboats
- Seadrill orders four jack-ups
- LCS 1 lights off gas turbines
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| JUNE 5, 2008 |
- Port of Vancouver Commissioners postpone eminent domain decision
- SSA Chief Executive Officer inducted in Maritime Hall of Fame
- Great Wall Airlines to begin Seattle flights
- Bradwood Landing delivers biological assessment for LNG site
- NASSCO lays keel for new product carrier
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| JUNE 5, 2008 |
- Insurers raise terrorism alarm
GULF traffic at risk says Hiscox but analysts play down danger to shipping.
- Terrorist shift targets shipping and energy
- CMA CGM enters Japan-US trades
FRENCH container line in slot purchase agreement with APL, MOL and Hyundai Merchant Marine.
- Britannia Bulk IPO brings cheer to New York
LONDON-based company gives shipping equity market a boost with offering of up to $158m.
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| JUNE 5, 2008 |
- Crew will define future of shipping
THE current crewing situation will "define, in its own way, the future of shipping," Nicolas Pappadakis, Intertanko chairman, told delegates at a RINA-organised seminar at Posidonia today.
- Ferry workers protest over sea motorways
FERRY crews in Marseilles are on strike today to protest against the port's plans to bring in competition
- Stena adds to Scottish investment
STENA Line is to build a new ferry terminal near Cairnryan on the west coast of Scotland
- Britannia Bulk plots NY IPO
BRITANNIA Bulk Holdings has filed registration for an initial public offering of 8.3M shares and a listing on the NYSE under 'DWT.'
- Montevideo bulker spill disperses
AN oil slick that developed after a Panamax bulker ran into another bulker off Montevideo has been treated with dispersants and now appears to be drifting away from the Uruguay/Argentine coast
- Carnival surcharge hikes again
CARNIVAL Corp brands and NCL have yet again increased fuel surcharges in the wake of escalating costs.
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| JUNE 5, 2008 |
- TWIC could squeeze port truck drivers
Reluctance by some to apply for federal ID card could create big problems at the nation's ports, executives say.
- Bill would put brakes on U.S., Canada trucks in Ontario
- ILA backs Swedish dockers
- Piracy on the rise
- Breakbulk outlook: Good, but...
- Bill proposes heavier trucks
- French ports at standstill
- SDV in Dubai joint venture with Dnata, Kanoo
- Man airlifted from freighter
- China shift leading to critical sourcing decisions
- Long Beach to launch clean-trucks program in July
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| JUNE 5, 2008 |
- Riots cause cargo pile up in Indian terminals
- Cosco Pacific and Hutchison head to head in bid for Piraeus port tender
- ESC challenges European Commission on proposed transport charges
- Agility Logistics to acquire China headquartered Cosa Freight
- Changes ahead for Westwood Shipping Line
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| JUNE 5, 2008 |
- IP-Over
Citing market conditions, Wah Kwong Maritime cancels initial public offering on the Hong Kong Stock Exchange, for now.
- A $36m lift
Andre Goedee-led heavy-lift specialist Dockwise grabs six contracts to carry drilling rigs, barges and dredging equipment.
- K-Sea grabs tugs
New York-listed tank-barge player says the $41.9m deal will reduce towing costs.
- It's cash now
Ousted OceanFreight chief executive prepares to cash out on $1.38m in shares from non-cash settlement with US-listed bulker owner.
- Dockers to strike
Swedish longshoremen already are refusing to work overtime and now are preparing "all-out strike action".
- Fredriksen quartet
Seadrill adds four newbuildings in $850m move as its interest in Scorpion Offshore evaporates.
- 14 tonnes spilt
Aeolos Management says collision of its panamax bulker off Uruguay occurred after the ship tried to avoid a third vessel.
- Premuda privacy?
Rosina family could delist tanker and bulker owner from Milanese exchange.
- Clarkson on Case
Richard Fulford-Smith's departure will not have any immediate financial impact on the broker, analyst says, tipping acting CEO to get job full-time.
- Ropey safety
German Tanker faulted over death of Filipino rating in mooring-line accident.
- Loan for UIC
Owner of Russia's Severnaya shipyard wants $800m to modernise plant.
- ILVA books VLOC
Italy's largest steel maker has gone to Dalian for a very large ore carrier.
- Orders stunted
Newbuilding contracts for offshore support vessels still slow as fears over delays and declining day rates persist.
- German navy nein
Somali pirates can relax if they see the Bundesmarine steaming towards them.
- STX books three
Korean yard to build 9,000-cbm LPG carriers for delivery by January 2011.
- Aztech gets wet
Singapore electronics firm looks to diversify by getting into shipping.
- Mystery slide
Piraeus suitor Cosco Pacific slips as parties wait to explain polarised tender valuations.
- Veterans' farewell
Washington state's four 1920s-built ferries advertised for sale, with breakers' yard a likely destination.
- Thanks Dad
Braemar chief Alan Marsh digs deep with near $100,000 gift for the wife and kids.
- Lloyd's cash-grab
Teams of underwriters vying for the Charity Challenge prize in fundraising drive.
- Box jam
Container congestion limiting imports at Ho Chi Minh City in Vietnam.
- Star sparkles
US-listed bulker company reports profits of $17.8m in first full quarter.
- Brit Bulk in IPO
Anglo-Danish shipowner looks to raise nearly $160m from NYSE listing.
- Tanjung inks duo
Malaysian offshore vessel operator orders two anchor handlers at domestic yard.
- Cruiseship scrape
USCG assesses damage to small vessel that briefly touched bottom off Alaska.
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| JUNE 5, 2008 |
- APL ends Pacific Rim Express Service
- Global Ship Lease reports first quarter earnings
- Pirates, shipowner at impasse over ransom
- NASSCO lays keel for tanker
- C-TPAT program addresses exports, GAO fixes
- U.S. seeks WCO endorsement of "10+2" data elements
- Wolfe roams Wall Street again
- UTi 1st quarter profit down, revenue up
- Agility to acquire Shenzhen forwarder
- Union blasts proposed Oakland port staff cuts
- Busan looking at revising transshipment incentives
- GPA launches cargo-tracking project
- Saigon terminal to use Navis software
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| JUNE 5, 2008 |
- Rohde Nielsen adds two dredgers to its fleet
Rohde Nielsen A/S is in the process of rebuilding two self propellered barges to dredgers at the company's own shipyard in Grenaa. The two units are the Trud R and Magn R, which have been fitted with new, more ...
- Terrorist pleads guilty ' ports among the targets
The American citizen Christopher Paul, also known as Abdul Malek and Paul Kenyatta Laws, has pleaded guilty to conspiring with others to use a weapon of mass destruction, as explosive devices, against targets in Europe and the US. He pleaded ...
- 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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| JUNE 5, 2008 |
- Global bunker market report
- Credit crunch, high prices 'accelerate consolidation'
Aegean seeing 'a lot of opportunity' for new acquisitions as smaller companies struggle.
- 'Incredible' prices boosting testing demand
Owners and operators 'really focusing' on value for money, says Lintec.
- Rotterdam fuel oil market up from early morning
- Kerteh Terminal, Malaysia: Fuel surcharge introduced
- Singapore: Residual fuel, distillates stocks up
Fuel oil inventories swell on weakened Chinese demand.
- Japan's retroactive price 'irrelevant'
Bunker players say non-disclosure of the price will not affect them.
- South Island cuts 180 cst supply
The product's storage tank will be taken out of service.
- OOCL applies bunker surcharges
Surcharges for cargoes on China-US line will be applied from July.
- Brightoil's Shanghai expansion on hold
Company remains 'keen' on establishing presence in the key Chinese bunkering port.
- Asian shipowners want stronger presence at IMO
The Asian Shipowners' Forum plans to apply for NGO status at the IMO.
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