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| FEBRUARY 8, 2008 |
Shipping News
- Asian aframax rates may end gains
Asian aframax charter rates may decline, after rising the least in four days, as the Lunar New Year holidays will slow hiring of tankers.
- DP World faces risks of slowing global growth
DP World Ltd, the port operator that raised US$4.96 billion in November in the Middle East's biggest share sale, was rated 'equal-weight' at Morgan Stanley because of concern that slowing global growth may reduce profit.
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| FEBRUARY 8, 2008 |
- Guangxi-Asean trade value surpasses US$1.6 billion last year
- Suzhou leads Jiangsu ports in cargo handling volume
- Tanzanian MPs see Dar es Salaam port congestion as chronic
- Oslo to host shipping exhibition on satellites, software, navigation
- 15 million-TEU Jebel Ali box terminal to open by end 2008
- Building starts this summer at Nova Scotia's new deep water box port
- Shenzhen Airport's logistics park warehouse wins bonded status
- Hong Kong Asia Airfreight Terminal cargo volume up 5.2pc in 2007
- Volga-Dnepr delivers 170 tons of heavy equipment to coal mines in Russia
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| FEBRUARY 8, 2008 |
- Kalmar makes waves with fully-automated Autoshuttle
- New monthly record of 3,57,976 TEUs
- The Port of Virginia appoints PL Shipping & Logistics as agent in India
- GTI giving back to society
- Deloitte-CII study highlights port-connectivity issues in Gujarat
- Emirates SkyCargo flies off with top award again
- C. Railway hauls more freight in April-Dec. 2007
- Rs 56.73 cr. sanctioned for Kodungallur bypass
- Export profit reserve scheme catches Commerce Ministry's fancy
- India Inc pumps Rs 4,19,334 cr. into core sector projects
- Ministry seeks Rs 11,000 cr. for TUFS in 11th Plan
- State closes entry to N-E poultry
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
- Beijing to build giant logistics park for new 'Silk Road' rail link
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| FEBRUARY 7, 2008 |
- Management board change at Kuehne + Nagel International
- Containerships switches to DCT Gdansk
- British Airways World Cargo to strengthen Indian network
- Atlantia and Abertis will not merge
- Finland: Itella Logistics to acquire Kauko Group
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| FEBRUARY 7, 2008 |
- Ro-ro on fire off Croatia
- Bourbon booms
- Lower Q4 for Double Hull
- Bulker refloated
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| FEBRUARY 7, 2008 |
- CMA CGM orders two cruise yachts
- AWO slams "lockage fee" proposal
- Guilty pleas in pollution case
- Crowley orders two tugs for Alaska
- Bourbon revenues up despite weak dollar
- Aker Yards gives profits warning
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| FEBRUARY 7, 2008 |
- Study finds Port of Newport possible cruise destination
- Port of Tacoma Commission considers construction work today
- Diana Shipping enters into time charter deal with Atlas
- Port Tracker report predicts slowdown at container ports
- Top Ships Inc. takes delivery of drybulk Supramax vessel
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| FEBRUARY 7, 2008 |
- Broker warns of 'potential disaster' to dry bulk
HOWE Robinson report says newbuilding glut and slowing Chinese steel output could have major impact on dry bulk shipping.
- BHP Billiton says merger will not hit freight rates
- USCG set to unveil major overhaul plans
NEW plans for a major restructuring of the US Coast Guard will tomorrow be outlined by Commandant Thad Allen.
- CMA CGM orders cruiseships from Fincantieri
LINE signs a MoU with Italian yard for the construction of two luxury cruiseships.
- Poised for a comeback
CHINA is again leading a February dry bulk rate rebound and huge profits are still for the taking.
- Danish bacon sliced
MAERSK'S decision to replace Danish stewards on its vessels with cheap foreign manpower hardly comes as a surprise.
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| FEBRUARY 7, 2008 |
- CMA CGM signs two cruise MOUs
CMA CGM has signed a memorandum of understanding for two cruise ships at Fincanteiri, the French operator said today
- Rolls Royce doubles marine orderbook
A STRONG performance from the marine activities of the Rolls Royce group contributed to it reaching a record orderbook of £45.9bn
- UK to set up new promotional body
NEGOTIATIONS are underway between a number of leading UK shipping organisations about setting up a group to promote the British industry internationally
- Gulf Navigation doubles profit
NET profit of Gulf Navigation rose by 120% in 2007, according to an AME Info report
- Sepetiba terminal closed for repair
THE Vale iron ore terminal at Sepetiba will be closed for the next few days so that repairs on a damaged pier can be carried out, causing more pressure on the Capesize market
- US box slump worsens
A NEW survey of US container imports warns that America's weakening economy is having a direct and prolonged impact on the sector
- Adriatic roro fire put out
- Owner sues US over grounding
- DHT upbeat on VLCC supply
- Louisiana seeks to arrest tanker
- Cut comms cables under repair
- Shipbuilding demand boosts MHI
- Long Beach threatened with lawsuit
- Another Aker Yards profit warning
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| FEBRUARY 7, 2008 |
- Environmental groups threaten to sue Port of Long Beach over clean-air plan
Two groups demand expedited deadlines for reducing pollution from vessels, marine terminals, trains, trucks.
- Port Tracker expects February imports to decline
- Intermodal volume slows
- Inland groups hit Bush budget
- Maersk Line drops dollar for Europe-Oceania contracts
- Customs extends first sale comment period
- Judge hears Bayonne port dispute
- Security staff arrested at NY-NJ container terminal
- i2 revenue falls
- New crossdock transload facility opens in Savannah
- Logistics M&A hits mark
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| FEBRUARY 7, 2008 |
- Evergreen and Cosco to upgrade FE/ECSA link
- NRF/GI report spells container gloom
- WWF launches green transport policy for the shipping industry
- Maersk switches to euro tariff in Europe/Oceania service
- US port security funding details released for 2008
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| FEBRUARY 7, 2008 |
- Coal terminal restarts shipments
A major US export terminal reloads its first shipment after a four-week shutdown for repairs.
- Two for Ponant
French owner CMA CGM goes to Fincantieri shipyard to build two small vessels to be operated by Ponant Cruises.
- Trans Pacific re-floated
Panamax bulk carrier is afloat after grounding in the Danish Great Belt.
- No longer dividend-free
Nasdaq-listed bulker owner FreeSeas issues a $0.175-per-share dividend, the first ever for the Greek company.
- Maersk latest to ditch dollar
Charging Europe to Oceania tariffs in euro is the latest money-making idea from Danish boxship giant.
- Croatian spill fear dampened
Fire crews have gain control of a blaze onboard a cargo ship in the Adriatic, apparently ending concerns of an environmental disaster.
- Double Hull profits down
US-listed tanker owner sees its fourth-quarter profits plunge by a third as improved rates kick in late.
- Garware expands profit
Bigger fleet boosts 2007 result for Mumbai-listed supply ship and anchor-handler player.
- Gulf Nav doubles up
Dubai tanker owner boosted by strong economic growth in Gulf region in fourth quarter.
- CMA CGM to expand in Malta
French boxship line signs on for another 35 years and has big plans for Marsaxlokk terminal.
- Maersk ducks gas-fuelled bullet
Copenhagen-based giant emits as much carbon dioxide per year as Denmark but comparison is just "apples and pears", VP says.
- Greeks get bulker blues
Owners lose the taste for bulk carrier newbuildings as January sales turn into a damp squib, broker says.
- Florida probes fuel surcharges
Attorney General's Office to focus on fees applied after passengers had booked tickets.
- Aker issues profit warning
Norwegian yard group says "particular challenges" in 2007 will see result "somewhat below previous guidance."
- Dust off!
Hong Kong-flagged bulker ordered out of Australian port after traces of lead dust found on deck.
- Napoli inquiry launched
UK council to examine whether protected coastline should be place of refuge for ships in emergencies.
- Shreyas wants three more
Indian feedership player lines up investment of INR 1.5bn for new ships in next financial year.
- SCI ups yard bounty
Indian giant ready to splash $800m to launch shipyard joint ventures on the east and west coasts, official says.
- Lower rates hit Neste
Finnish tanker owner's 2007 profit down in weaker market for crude and products carriers.
- Fisher buys Scotload
UK shipping group adds another offshore services company to growing empire.
- Crowley renews
Order for two new tugs at Portland yard is first step in modernising Alaska fleet.
- Steel prices headed higher
South Korean shipbuilders face higher costs after Dongkuk Steel raises the price of heavy plate.
- Bourbon revs up
French offshore and bulker owner records steep rise in annual sales despite impact of exchange rates.
- Japan owners blossom
Bulker players Inui, Shinwa and Daiichi see profits rocket, but tanker player Iino Kaiun falters.
- Banks come knocking
CH Offshore looks to be in play after majority shareholder admits it has been approached by banks.
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| FEBRUARY 7, 2008 |
- Maersk making euro tariff conversion for Europe/Oceania services
- Sea Containers agrees to settle pension claims
- Hamburg Süd names another 1,819-TEU boxship
- Airbus sees demand for 3,800 freighters up to 2026
- Lufthansa Cargo spins managerial merry-go-round
- Deutsche Bahn partial IPO set for October, says report
- Schneider National Intermodal names primary rail providers
- Indian Railways seeks ADB loan for double tracking project
- Greatwide appoints Kitz VP of sales
- Proposed "managed trade" proposal for sugar with Mexico opposed
- China economists look for positives to U.S. downturn
- Korean official: Election won't deter U.S.-South Korea FTA
- FMC receives 10 OTI license applications for review
- N.Y.-N.J. Port Authority, Bayonne argue port land sale in court
- PSA ups stake in Kolkata terminal
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| FEBRUARY 7, 2008 |
- Turkish ro-ro in fire blaze
The Turkish ro-ro vessel Und Adriyatika, built by Flensburger Shipyard in 2001 and with a cargo capacity of about 3,200 lane metres, caught fire on Wednesday off the Croatian city of Rovinj on a voyage from Istanbul to Trieste ...
- Trans Pacific refloated after 10 days work
The grounded bulkcarrier Trans Pacific was refloated last night after several days of working on removing some of its cargo of fertilizer. The Dutch salvors hired in the geared cargovessel Alexandergracht to take up to 9,000 tons of the cargo ...
- Union rejected from court again
Danish union 3F has for the second time been rejected from a court in a matter of payment for mainly Polish seafarers on ships registered in Danish International Shipregister (DIS). 3F tried a case in the Danish labour court on ...
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| FEBRUARY 7, 2008 |
- Bulk carrier refloated after bunker removal
- Signs 'good' for scrubbers
IMO committee set to endorse abatement technology as an alternative to low-sulphur marine fuel.
- Maersk CO2 output 'equal to Denmark'
Shipping giant's VP says comparison is "not fair"; Danish party calls for international agreement to limit CO2 output.
- Tallinn bunker sales suffer as throughput dips
Vessel calls down in 2007 following diplomatic confrontation between Estonia and Russia.
- WWL not convinced about forced distillate switch
Green shipping champion sticks with global LSFO policy after MDO trials to cut sulphur emissions.
- Rotterdam market firmer
- Bunker prices heading down towards $400
Bunker prices in major ports continue to slide as oil markets weaken.
- Fuel saving technology rejected
Ferry company concerned over 'operational risk' as part of regular operation.
- Crude slips after huge US inventory gain
Bearish sentiment as stockpiles rise and recession fears persist.
- Mechanical failure caused Panama spill
Decal says only a small amount of fuel oil was released into the sea.
- Power failure disrupts MGO production
Cape Town players say product is still available.
- Rotterdam market soft at midday
- New capacity comes on stream in Fujairah
Vopak Horizon Fujairah's expansion comes at a time of 'unprecedented growth in global oil trade and shipping industry.'
- ExxonMobil sells Yanbu cargo for February
India's IOC has also sold a cargo for late-February loading.
- Fresh cargoes to replenish HK market next week
Supplies of 180 cst tight; some barging congestion ahead of Chinese New Year holidays.
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