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| AUGUST 7, 2008 |
Shipping News
- Ship-plate prices in China seen rising to record this year
Prices of ship plates in China, the world's biggest maker of bulk carriers, will increase to a record this year on demand from fleets to carry iron ore and oil, according to two of the nation's shipyards.
- Dry bulk rates seen staying firm due to ship job delays
Dry bulk rates should stay robust in 2009, thanks to expected shipyard delays in building new ships or refurbishing older vessels, the top executive of Britannia Bulk Holdings Inc said on Tuesday.
- Asciano posts net loss, may sell assets
Australia's biggest ports and rail operator Asciano Group, the target of a US$2.7 billion takeover bid, yesterday said that it may sell some of its assets as it reported a net loss for the year.
- Baltic index declines for 18th straight day
- Ferry captain blamed for typhoon sinking
- Supertankers slow down as rates fall
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| AUGUST 7, 2008 |
- Olympic crackdown on transport of dangerous goods and materials
- Port of Dalian container volume up 23.8pc in first half
- Guangxi first half trade with Africa hits record, up 131pc
- Emerging markets main driver of Fujian export growth
- Northern Shipping, with ice-breaker escort, on Siberia-Egypt route
- Container trade rises as CP Rail suffers 40pc quarterly profit loss
- Soaring Indian freight rates prompt carriers to team up
- California truckers seek injunction against LA-LB green scheme
- Qantas defends aircraft safety standards after plane turn back
- DHL restructures Asia Pacific Global Forwarding business
- IATA launches international e-freight system in South Korea
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| AUGUST 7, 2008 |
- Bankers now see tankers & bulk vessels more creditworthy than boxships
- CII's Aug. 14 Chennai meet to focus on coastal shipping
- Problem of plenty pulls down Gulf-Japan crude tanker rates
- Tankers weigh anchor as hire rates sink
- SCI to shop for 4 Panamax ships
- Harish & Company (Logistics) Pvt. Ltd completes a quarter century of success
- Rahul Asthana assumes charge as MbPT's new chief
- Shallow Hooghly worries Haldia Dock users
- KoPT chief allays fears
- Alang-ships' final call
- Defence Ministry clears decks for Vizhinjam ICTT project
- India too flying in face of competition-report
- Air cargo security too costly for small cos-official
- MoF rules out further easing of ECB norms
- Fuel price hikes stoked inflationary fires-NCAER
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| AUGUST 6, 2008 |
- Port of Dunkirk's director general transfers to Marseille
- Hapag-Lloyd: much ado about nothing?
- New Air Logistics group service center
- Elbe: low water level causing headaches
- Globe Express Services opens first office in Europe
- University of St Gallen logistics management event on 16 September
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| AUGUST 6, 2008 |
- London Greeks oppose CO2 levy plans
- Safe Bulkers secures long term charter
- Grain slump hits St Lawrence
- K-Sea's good year
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| AUGUST 6, 2008 |
- LCS 1 carries out speed trials
- General Maritime and Arlington Tankers to combine
- Squire Sanders law firm launches NYC maritime practice
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| AUGUST 6, 2008 |
- Corps begins repair work to Columbia mouth sand berm
- General Maritime Corp. merging with Arlington Tankers
- Container shipping service opens worldwide photo contest
- Fincantieri plans to buy Manitowoc Marine Group
- MITSUI O.S.K. Lines names 320,000dwt iron ore carrier
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| AUGUST 7, 2008 |
- CSCL's Yuan2.6bn port deal "expensive"
SHARES fell 5.7% as the firm unveiled plan to acquire its parent's terminal assets for Yuan2.6bn ($380m).
- CSCL's shares tumble amid box rate gloom
- Cosco Corp shares plunge on Ji's shock exit
SHARE price plunged 12.2% on Thursday morning following the shock exit of president Ji Hai Sheng.
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| AUGUST 6, 2008 |
- GenMar and Arlington combine
GENERAL Maritime and Arlington Tankers have decided to combine, in a stock-for-stock deal with an enterprise value of $2Bn
- China's SDIC invests $1.7Bn on bulkers
CHINA's SDIC has reportedly made an enormous investment to expand its bulker fleet
- Why Arlington backs GenMar deal
ANALYSTS appeared today to be convinced that the combination of General Maritime and Arlington Tankers is good for GenMar ' but are not so sure on what it means for Arlington
- Tanker combination aimed at cost cuts
EXECUTIVES of General Maritime and Arlington Tankers detailed the significant cost-savings advantages of their proposal to combine the companies in a conference call today
- Master blamed for Princess disaster
THE INQUIRY into the Princess of the Stars disaster has blamed the ferry master's bad judgement and owner Sulpicio's negligence for the sinking
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| AUGUST 6, 2008 |
- Calif. Senate approves container fee
Governor gets infrastructure and mitigation bill that will levy a $30-per-TEU charge on containers moving through ports of LA, Long Beach and Oakland.
- Domestic intermodal gains fail to outpace international decline
- San Diego port to sue over mixed-use proposal
- Ports re-open after Edouard
- Rickmers profit for Q2
- Hickler to new DHL post
- United Arab Shipping Co. takes delivery of new ship
- India's TCI buying ships
- NYK opens Russia office
- New tender for Chennai port
- Cargolux adds Jordan flights
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| AUGUST 6, 2008 |
- Oakland port plans clean-truck measures
- 06/08/2008 North America Regulations
- K Line invests in Chinese repair yard
- Le Havre suffers in the lead up to 'port revival' law
- KPA chief fired
- Sinotrans' H1 container sales soar due to tonnage growth
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| AUGUST 6, 2008 |
- Paragon profits
Near doubling of US-listed bulker owner's fleet leads to fourfold increase in the bottom line.
- Time is right
Lazard Capital Markets analyst says to watch out for more possible tanker consolidation deals.
- Eagle net grows
New York's Eagle Bulk Shipping posts record revenues and a 25% improvement in second-quarter profits.
- Genmar buys rival
Peter Georgiopoulos-led tanker owner to merge with Arlington Tankers in an all-share deal.
- Lawsuitless
Federal judge approves $1.2m settlement in "thin" class action case by Top Ships shareholders.
- Log-In lunges
Brazilian container logistics and coastal shipping player posts profit after red ink a year ago.
- Terino tackled
Shareholders and analysts quiz Arlington boss Edward Terino on wisdom of Genmar merger and dividends.
- Montanari slips
Italian tanker company Navigazione Montanari reports a fall in first-half net profits.
- Six to one
Georgiopoulos to become chairman of merged tanker owner after Arlington deal, with Genmar execs taking all but one of seven board seats.
- Genmar races
Investors excited by Arlington takeover drive surge in tanker owner's market value.
- Back in business
After tropical storm hits Texas, ports and the Houston Ship Channel re-open, although with restrictions.
- Dividend grows
Paragon Shipping increases dividend by 14.3% thanks to time-charter and fleet growth.
- Doubled up
US drillship and rig owner Transocean reports a 101% increase in net earnings.
- Costs to shock
Bunker and crewing cost hike will drag Odfjell's three month profit down quarter on quarter, analyst warns.
- 'We want off'
Four Turkish crew get their way and leave capesize off Australia after telling ITF of "harassment".
- Nearly two-thirds
BW Group takes its holding in BW Offshore close to 66% with share purchase as knock-down rate.
- GSI lets fly
Chinese yard kicks out at 'inaccurate' newspaper reports on profit forecasts and operations.
- Bulk gains
Canada's Algoma posts higher first-half profit as dry cargoships make up for disappointing tanker performance.
- Sales surge at STX
High-priced ships push revenues up a half at STX Shipbuilding but profit only increases 15%.
- Final furlong
Race to buy Daewoo entering closing stages, with preferred bidder expected to be revealed by October.
- Axe falls
Westwood Shipping owner Weyerhaeuser says it will chop 1,500 workers as part of downsizing.
- Asciano in red
Sales loss punches hole in Australian port and rail group's bottom line.
- Fairstar falters
Dutch owner stung by contract delay as second quarter profit slides into the red.
- Tanker escort?
Japan proposes using warships to protect crude carriers' passage from Persian Gulf.
- Polaris on target
Canadian minerals company buying land at Long Beach port to set up terminal.
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| AUGUST 6, 2008 |
- Ay named partner at Mid-Ship Group
- Cathay sputters to first half loss of $85 million
- DOT extends cross-border truck plan, opponents vow to kill plan
- Pacer reports higher earnings, revenue
- Union Pacific wants fines dropped
- SEKO sets up venture to target Middle East and African markets
- Hickler tapped CEO of DHL Global Customer Solutions
- Lake Superior Warehousing gets more space for wind turbine cargoes
- Expeditors sees profit, sales increase
- FMC reviews 25 OTI license applications
- Calif. container fee bill heads to Schwarzenegger for signature
- Houston reopens terminals
- Tacoma port hires new contracts manager
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| AUGUST 6, 2008 |
- Combi Dock II goes to offshore charter
Combi Dock A/S has taken delivery of the second Combi Dock vessel from Lloyds Werft in Bremerhaven. The vessel was surprisingly not named Combi Dock II as planned; instead it was named Blue Giant, as Blue Marine Technology will ...
- Buyers eye BW Gas' LPG fleet
BW Gas has announced that the company has received conditional price indications for their LPG fleet from interested buyers. "The board of directors will in the near future consider whether the company is interested in entering into a process of ...
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| AUGUST 6, 2008 |
- Ports plan price gap narrows
Falling differential for distillate during July as incentive scheme continuing.
- Global bunker market report
- Oil prices fluctuate after mixed US inventory data
Analyst says the 'bears' are 'calling the shots for now'.
- Bunker prices expected to hit tanker profits
Analysts expect tanker and terminal operator Odfjell to post weaker results.
- Bunker prices continue their slide
Singapore 380 cst down again, although fuel oil markets expected to remain tight as Europe cargoes head to Middle East.
- St. Petersburg fuel oil transshipment up in July
Throughput at Petersburg Oil Terminal up compared to June.
- Rotterdam market very quiet
- New dual-fuel engines promise 'smooth' fuel switch
Engines for four newbuild FPSO vessels can run on either natural gas, marine diesel oil or on heavy fuel oil.
- Bunkering suspended in Hong Kong
Tropical storm brings deliveries to a halt.
- High prices threaten to exhaust fuel budget
Japan Coast Guard curtailing vessels' operations to save fuel.
- Philippine fishermen strike over high bunker costs
The government is looking at ways to help the industry.
- OPEC unlikely to cut production
Oil cartel due to meet in September to review output.
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