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| APRIL 7, 2008 |
Shipping News
- Caribbean oil tanker rates may rise
Rates to transport crude oil from the Caribbean on Aframax tankers may rise in the days ahead after a 29 per cent gain last week, shipbroker Galbraith's said.
- Ship fuel pollution to be cut
The world's top maritime body agreed tough new limits on ship fuel pollutants at a week-long meeting that ended last Friday, an industry source said.
- Tata Steel port project threatens turtle nesting spot: activists
The construction of a major port in eastern India threatens one of the world's largest mass nesting sites for endangered sea turtles, environmental activists said on Saturday as they called for the authorities to halt the project immediately. The massive port, which will be the deepest in India, is less than 15 km from Gahirmatha, a beach where hundreds of thousands of Olive ridley turtles come to make their nests in the sand.
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| APRIL 7, 2008 |
- New World Alliance to offer two new shuttle services for Asia and USWC
- Aker Yards gains new CFO from within
- World Shipping (China) Summit to move to Dalian this November
- Mombasa to commence dredging this year from 10 to 15 metres
- Containers to become upmarket seven-storey condo in Salt Lake City
- Russian Railways handles rising exports of oil, coal in 2007
- IATA: Air cargo growth 'sluggish'
- AirNet Systems agrees to US$29 million takeover
- GAC passes 25th year-milestone in Lion City
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| APRIL 7, 2008 |
- Garware Offshore to buy 3 AHTSVs & 2 PSVs
- Seven H Group joins hands with GLS to provide comprehensive logistics services
- ABG trying to raise $ 200 m to build 3rd shipyard
- FIPB clears PSA Corporation's 49 pc stakeholding in ABGKCTL
- Kandla Port breasts the tape for 4th time in a decade
- Efficient supply management key to cooling prices-Chidambaram
- Sugar export sops to stay till Sept. 30
- P. C. Jha takes charge as CBEC Chairman
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| APRIL 4, 2008 |
- Anslinger appointed to Railion board
- NOL appointments in Middle East
- Norfolk Line for sale?
- First Swiss flights to St Petersburg, Florence and Sofia
- Quo vadis Varig Log
- FGV to launch freight operations
- Zufall group reports sales rise
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| APRIL 5, 2008 |
- IMO decides on sulphur
- Soaring claims costs set to transform marine insurance market
- Rina opens Greek centre
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| APRIL 4, 2008 |
- PACCSHIP fined $1.7 million in pollution cases
- MAN Diesel power for giant floating crane
- Seaspan gets $253.3 million in debt financing
- Ocean Rig gets a new CEO
- Aker Kvaerner gets a new name
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| APRIL 4, 2008 |
- Washington ferry contract goes back to bidding process
- Agencies eye partnership for Budd Inlet restoration
- US rail freight traffic count delivers mixed bag during week
- First cruise ship of 2008 calls at Port of Vancouver, BC
- Schnitzer Steel breaks records with second quarter numbers
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| APRIL 4, 2008 |
- Chamber's new guard to look for shipping's X-factor
BRITISH shipping interests lie in the hands of a lawyer and a Danish shipowner who have promised to find the missing X-factor.
- Greek owners hold back from dry bulk newbuilds
FOR first time in more than a year, no bulkers were ordered, based on March monthly assessment by brokers George Moundreas.
- Declaration of independence
ARE niche shipping lines able to survive in this era of global carriers and pressure for industry consolidation?
- Remote and vulnerable
THE proposals for the Antartic regions are not unreasonable, bearing in mind the hazards that vessels will routinely encounter.
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| APRIL 4, 2008 |
- Bunker revolution as residuals banned
IMO'S MEPC has agreed a revision to Marpol Annex VI, banning the burning of residual fuel oil from 2020.
- Pirates hijack luxury cruiser
THE luxury cruise ship Le Ponant, owned by a subsidiary of CMA CGM, has been hijacked by pirates off the northern coast of Somalia
- Ships collide off Hong Kong
NO injuries have been reported following a collision between the container ship Hub Stellar and the chemical tanker World Dynasty off Hong Kong
- Mitropoulos hails MEPC-57
A pleased IMO Secretary-General Efthimios Mitropoulos has hailed delegates and working groups of MEPC-57 after the landmark agreement on doing away with residual fuels
- Sunken tug defies salvors
THE sunken tug Neftegaz-67 continues to defy efforts by salvors to lift the vessel, which sank off Hong Kong airport on 22 March leaving 18 crew missing
- Released Van Gogh returning to UK
THE cruise liner Van Gogh with 460 passengers on board is due to arrive in Falmouth on Sunday after her extended stay in Funchal, Madeira
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| APRIL 4, 2008 |
- IMO approves low-sulfur fuel rules
Deal to lower sulfur content in bunker fuel would significantly curb air pollution but also sharply drive up costs for ship owners.
- Truckers' boycott affects gates at Port of Savannah
- NY/NJ port authority sets carbon-neutral goal by 2010
- New Horizon Lines CFO
- New Safmarine container vessel makes first U.S. call
- Pirates seize CMA CGM yacht
- Steelmaker: Great Lakes dredging will save jobs
- ANA options two converted freighters in Boeing order
- Largest dredging contract awarded by Panama Canal
- USTRANSCOM breaks ground on new facility
- Rail traffic fades in March
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| APRIL 4, 2008 |
- Good news only?
Reports from Taiwan this week of two Kaohsiung Harbor Bureau officials being jailed for allegedly inflating the port's 2007 container throughput in order to secure substantial bonus payments, highlights the pressure that terminal operators are under to function in a continuous good news culture.
- Pacer Stacktrain expands with BNSF rail arrangement
- Korean steel company to build Vietnamese terminal
- IOC raises rates
- UK coastguards to strike again
- Turkon Line's expansion continues
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| APRIL 4, 2008 |
- Franco in handymax sale
Greek owner appears in a selling mood as a bulker goes to an undisclosed compatriot buyer.
- Teekay sells chem tanker
Brokers say the 37,000-dwt Ravi Spirit has gone to an undisclosed buyer for $50m.
- Grand Mountain sold
MS Tanker sells off a single-hull VLCC to an undisclosed buyer for $47m, brokers say.
- Handysize trio for sale
Franco Compania Naviera bulkers are being circulated by brokers as up for sale.
- Essar snaps up two
Indian owner on the hunt for bulkers picks up two panamaxes for $147m.
- Pirates take Ponant yacht
A CMA-CGM cruise yacht is taken by pirates with a crew of 30 as it passes near Somalia.
- UK urged to fight piracy
Union whose member was master of hijacked Svitzer Korsakov calls for greater British effort.
- Tsavliris triumphant
Judge rules that even state agencies are bound when master or shipowner's employee signs salvage agreement.
- Wightlink in catamaran order
Isle of Wight ferry operator to invest $114m, including an order for two catamarans in the Philippines.
- Ports strike threatened
Indonesian dockers to walk out next week if government opens industry up to private sector.
- Wang gets cash
Seaspan secures $235.3m loan to cover cost of two giant containerships.
- Bug strikes Carnival ship
Over 100 people ill after norovirus outbreak during Holland America Line cruise to Hawaii.
- MARINA gets tough on oldies
Fillipino authority hammers another nail into the single-skin coffin while 30-year-old ships get five year notice.
- Seacor extends Citgo deal
US tanker and offshore ship owner to provide more emergency response services for domestic refiner.
- Fesco eyes volume rise
Russian containership owner wants to add 60% to its overseas box traffic in 2008.
- PGS gets busy
Utilisation rate for Norwegian owner's seismic survey fleet reaches 91% in first quarter.
- Fiji stoppage riles tempers
Bligh Water Shipping to sue after alleging rival ship blocked berth at Natovi.
- TNWA boosts Asia links
The New World Alliance is splitting its PS3 service into two and adding direct Japan-US service.
- "I feared for my life"
Svitzer Korsakov master describes spending 18 hours in ballast tank in bid to escape Somalia hijackers.
- Van Gogh freed
An agreement with Travelscope administrators will allow an arrested cruiseship to leave Madeira Thursday.
- Yeo gets double fix
Swissco ties up two support vessels with purchase options ahead of this year's newbuilding influx.
- Opec output on the rise
UK analyst says crude exports to increase by a modest 100,000 barrels per day to 19 April.
- JICA: please buy ro-paxes
Japanese trade body urges regular customers from Philippines to renew fleets to meet growing demand.
- RCL downgraded
Standard & Poor's has docked its credit rating of US cruise line over fuel and funding costs.
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| APRIL 4, 2008 |
- Hyundai Merchant Marine boosting capacity on Korea/Middle East Service
- Seaspan raises $253 million for ships
- ESPMC-WITASS northbound rate increases
- Avara becomes Horizon Lines CFO
- Coast Guard tightens security for ships calling Cuban ports
- Noble joins International Salvage Union
- ClassNK opens Tianjin office
- FedEx triggers ATA Airlines collapse
- United safety check delays flights
- Etihad Crystal Cargo to publish rates on OAG Cargo Solutions portal
- Branscum to chair Intermodal Institute
- U.S., Ukraine enter trade and investment cooperation
- Whitbread outsources food logistics to Kuehne + Nagel
- CEVA Logistics wins contracts with MAN, Bugaboo
- Halifax port hopes to regain Caterpillar business
- Virginia Ports see rail volume climb
- Bremerhaven terminal taking delivery of 22-wide cranes
- APL ship first to call new Subic Bay container terminal
- Graffiti prompts Long Beach port hazmat response
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| APRIL 4, 2008 |
- Scientists support original theory on Estonia sinking
Swedish SSPA and three other European research organisations support in general the original commissions theory on how the Estonia sank. Through model testing and computer simulations the researchers have been able to confirm how the Estonia could list, turn up ...
- Lloyd's posts record result
The insurance market Lloyd's reports a GBP 3.8 billion profit for 2007, of which around GBP 2 billion was from investment returns. The combined ratio was 84 per cent and total written premiums reached GBP 16.4 billion. The ...
- HH Ferries reported to the Police in accident case
HH Ferries at Helsing'r has been reported to the Police by the Danish Naval Command for not giving information about a maritime accident for one of its ferries. Last weekend one of the ferries on the HH Ferries service between ...
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| APRIL 4, 2008 |
- Path cleared for MARPOL Annex VI revision
After years of intense debate, final proposal sails through at IMO meeting.
- Bunker market report from Praxis
- Refinery outage could boost fuel oil output
Problems with catalytic cracker in Oman could ease shortage of quality product in Singapore.
- Leading supplier 'suspends' operations in Fujairah
ENOC Bunkering (Fujairah) confirms that it is 'in the middle of major restructuring'.
- Rotterdam market continues to firm
- Dan-Bunkering takes new bunker trader
- Bunker Holdings employs new credit manager
- GAC marks 25 years in Singapore
The group's bunkering arm has seen volumes triple since its inception in 2001.
- Indian shippers slam bunker surcharges
Indian exporters and importers claim liners are getting 'additional revenue' from surcharges.
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