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| APRIL 8, 2008 |
Shipping News
- Cosco Pacific H2 profit up 81% on China exports
Cosco Pacific Ltd, Asia's third largest container terminal operator, boosted second-half profit 81 per cent, helped by surging shipments of Chinese-made toys, furniture and clothing to Europe and the US.
- SMOU helps 22 stranded crew recover unpaid wages
The Singapore Maritime Officers' Union (SMOU), together with the International Transport Workers' Federation (ITF) and the Maritime Port Authority (MPA), has helped the 22 stranded crew on the stricken bulker MV Lady Belinda recover US$102,000 in unpaid wages owed them since last December.
- Gulf tanker rates may extend decline
The cost of shipping Middle East crude to Asia, the world's busiest market for supertankers, may extend its biggest two-day drop in three years as refineries release spare ships into the market.
- Indonesian port workers may begin open-ended strike today
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| APRIL 8, 2008 |
- Evergreen to start Japan America Shuttle service to US west coast
- CKA service to drop Hong Kong on new China-Korea-Australia loop in May
- US container traffic building, but still below last year: Port Tracker
- Colombo record: Up 11pc to 2.8 million TEU in first 10 months
- Estonia signs United Nations' IMO Wreck Removal Convention
- New freight ferry from Russia to Japan
- Open Skies deal stands to open air cargo markets in EU and UK
- Air France-KLM quit Alitalia take-over talks after union demands more
- Volga-Dnepr Group sales leap 52pc to US$1 billion in 2007
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| APRIL 8, 2008 |
- TNWA offers two new direct shuttles linking China, Japan & LA
- Hapag-Lloyd upgrades ANP Australia/New Zealand & US East Coast service
- CSCL to buy terminal operation company from parent
- K Line & MOL to launch 2nd FE-WCSA loop, hike capacity by 65 pc
- MSC corrects BAF increase on Med-US trade lanes
- Cory Brothers Shipping wins BP hub agency contract
- ...launches service linking Fuzhou, Zhangzhou & Yingkou
- Raft of changes in NYK's top brass
- Maersk Line appoints managers for NZ, Malaysia, Singapore & Thailand
- ...to scrap NASA service
- NOL Group announces new appointments
- Kalmar & Transnet Ltd extend partnership to tackle SA's growing box volumes
- Panama Canal dredges into the future
- AWATA implements BAF of $ 663 per TEU
- Dalian port adds to MSC's Black Sea service
- Menlo Worldwide Logistics to relocate Singapore HQ
- Hong Kong-style in stream container operations by SKS Logistics Ltd
- Wilson Sandhu Logistics buys back 15 pc equity from Geodis Wilson
- India, Myanmar sign double taxation avoidance pact
- Coffee exports fetch record earnings of $ 505 m in 2007-08
- Paradip Port handles record 42.44 m tonnes in 2007-08
- Mormugao Port handles 35.13 m tonnes in 2007-08
- Curtains rising on Conquest 2008 tomorrow
- Inflation galloped to three-year of 7 pc
- FDI inflows spurt by 712 pc in Feb.
- 48 Indian cos figure in Forbes' top 2,000
- DEPB benefit on Basmati rice exports taken away
- ... export subsidy schemes extended
- IMF sees spectre of recession looming
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| APRIL 7, 2008 |
- UPS names new global freight forwarding team managers
- New World Alliance with two new Asia-US west coast shuttles
- New Panalpina cargo building at Amsterdam Schiphol
- Will SNCF swallow up Geodis?
- TransRussia 2008, Moscow, 22-24 April, ITJ booth no. 8.2-F01
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| APRIL 7, 2008 |
- Somali pirates seize mini cruiseship
- DP World's profits up more than 50%
- Camillo Eitzen sells bulkers
- MOL's new Asia-US shuttles
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| APRIL 7, 2008 |
- Seaspan plans to offer 7 million shares
- China delivers first LNG ship
- New HHI Gunsan yard fully booked
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| APRIL 7, 2008 |
- Corps finds General Construction exceeded Port of Seattle dredge work
- Greenbrier completes deal for rail equipment company
- Coast Guard warns boaters to be wary of passenger vessels
- Longshore worker dies at Port of Long Beach terminal
- ACP selects contractor for canal dredging project
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| APRIL 7, 2008 |
- DP World posts 52% profits growth
RECENTLY-listed ports giant emerges unscathed from US economic slowdown and the dollar's decline.
- DP's Al Muallem warns capacity crunch is due
- European shipyards face recruitment crisis
YARDS need to employ up to 12,000 every year for the next five years to meet increasing shortfall and remain productive.
- Design fault ruled out in SCT crane crash
NO problems found with other cranes of the same make and similar age at Southampton Container Terminals, says official.
- Building a class relationship
ABS chief Robert Somerville is one of the most thoughtful people to have come up through the ranks of the classification societies.
- Anti-pollution drive grinds on
A HUGE amount of work must be done if the marine environment protection committee's next session is to be as successful.
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| APRIL 7, 2008 |
- 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.
- Nenaco sells ships to pay debts
NEGROS Navigation Company (Nenaco), the Philippine domestic ship operator currently under court receivership, has sold two passenger-cargo ships to pay major creditors
- Hamburg Süd puts cost reduction first
GERMAN container line Hamburg Süd will merge and integrate more of its services in the coming months in a bid to curb spiralling slot costs
- Fog blamed at Cosco Busan inquiry
FOG in San Francisco Bay was so thick when the Cosco Busan incident occurred that ports in any other part of the world would have been closed, says a statement by the ship's master at the time
- Catamaran stranded at port
THE passenger-only hi-speed catamaran ferry PATRICIA OLIVIA II remained tied up at the Uruguayan port of Colonia yesterday after sustaining damage during berthing operations the day before
- UK coastguards stage second strike
UK COASTGUARDS will hold their second pay strike in two months on Friday, 11 April.
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| APRIL 7, 2008 |
- Hamburg Sud revenues up 12 percent
Revenues for the German container carrier increased to $5.7 billion on a double-digit increase in container volumes.
- Bush sends Colombia trade agreement to Congress
- Longshoreman killed at Port of Long Beach
- Former U.S. trade ambassador Eberle dies
- TWIC enrollment added at ports in Puerto Rico, Texas
- U.S. business in Geneva to lobby for WTO deal
- DP World net up 52%
- Takeover bid for Geodis
- Zim EWX adds HK call
- China signs New Zealand pact
- India port traffic gains 12%
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| APRIL 7, 2008 |
- NSCSA to upgrade its ro-ros
- Halifax port ceo counters criticism
- MSC Lugano on tow to Fremantle after epic rescue
- DP World's strong start
- Hamburg Sud reports 'satisfactory performance' for 2007
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| APRIL 7, 2008 |
- Eitzen confirms bulker deal
Norwegian owner unloads two panamaxes for nearly $146, pocketing $103m in profits.
- Lauritzen checking in
Danish owner enters the offshore accommodation business with a Blohm & Voss conversion order.
- Lakers fight VHS virus
As the lakes shipping sector resists efforts to regulate ballast exchange, the Lake Carriers' Association offers steps to prevent spread to Lake Superior.
- MC Shipping in tonnage hunt
Monaco-based gas-ship owner confirms purchase of unit from BW Gas and eyes other units.
- FBMA in ferry deal
Cebu-based builder tapped to build 260-passenger ferries for the Isle of Wight's Wightlink.
- OSG gobbles up debt
Morton Arntzen-led US tanker owner redeems $176m in senior notes, a move one analyst calls encouraging.
- Horizon Lines scores swap
US containership owner jumps on dropping interest rates for $122m in debt.
- Belinda bounty
Owner of elderly detained bulker pays $102,000 of outstanding wages to Indian crew.
- Special forces to free Ponant?
Elite French team trained in freeing hostages on stand-by in Djibouti as Somali pirates move captured CMA CGM yacht.
- Wang goes to market
New York-listed Seaspan to issue 7m shares to cover debt and buy new ships.
- Acciona pulls sale
Lack of interest reportedly leads Spanish group to scrap offloading of ferry unit Trasmediterranea.
- Charles Taylor sinks
Profitability of quoted P&I mutual manager plunges despite record Standard Club performance.
- Linda and Arnie oppose cabotage
Hawaii governor Lingle and California's Schwarzenegger want rethink on new rules for foreign vessels.
- Fredriksen hikes Northern stake
Shipping magnate and Seadrill boss boosts his holding in rival to send its share price soaring.
- Dutch ship re-floated off US
Vessel which helped in Danish grounding incident earlier this year sails after grounding off Rhode Island.
- Double Ruble
Sovcomflot makes twice as much in 2007 when Novoship's figures are added to the basket.
- HH under scrutiny
Danish ferry owner could face fine for not reporting accident quickly enough.
- Cosco Pacific falls short
Terminal operator sees profits rise 47% but analysts expected more.
- DP World doubles up
Port operator posts 52% rise in profits in first earnings release since record-breaking IPO.
- Bulker sinks trawler, 6 missing
Conflicting reports of identity of South Korean ship involved but search continues for missing from Chinese fishing vessel.
- IMO gets tough
London meeting seals historic deal on sulphur emissions from ships, lowering limit to 3.5% from 2012, then 0.5% from 2020.
- Bunker levy to cut CO2?
IMO proposes fee for ships on international voyages to reduce greenhouse gases.
- Strategic wins debut tug deal
Australian shipbuilder to build 60-bollard-pull unit for Port of Napier.
- GMV invests in Global newbuilds
Malaysian venture capital fund takes 49% stakes in two China-built product tanker newbuildings.
- Contact made with pirates
French authorities say they have been in contact with hijackers of luxury cruise ship Le Ponant.
- RCL inks boxship buy
Thai intra-Asian player confirms purchase of two 2,732-teu containerships from Bertram Rickmers.
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| APRIL 7, 2008 |
- WSC applauds IMO ship emission rules, says shipping costs will rise
- Hamburg Süd reports increase in volume, sales
- Seaspan to offer common shares
- Safmarine names largest containership
- Pirates board CMA CGM cruise ship
- All-Nippon adds 767 converted freighters
- Boeing tests hydrogen fuel cell plane
- French state railway bids for Geodis control
- Intercontainer, Transfracht cooperate between German seaports, Hungary
- CEVA Logistics wins Turkey contract with Numil
- FMC seeks more info on SoCal truck plan
- $50 million deal gives long-delayed SoCal terminal project go-ahead
- Nautilus buys bulk terminal in Savannah
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| APRIL 7, 2008 |
- Finnlines extends time charter with Birka Cargo
Birka Cargo's largest ro-ro vessels Birka Express, Birka Carrier and Birka Trader will continue in their time charter with Finnlines until the end of 2012. The present charter has thus been lengthened by four years. For the moment Finnlines ...
- New service connects Grenå with Finland
Port of Grenå will be connected with Turku in Finland via a direct liner service. It is the Norwegian Nor Lines, which en route from Norway to Finland in the future will call Gren'. The Danish broker Franck & Tobisen has ...
- Sea Containers sold 50 per cent of Superseacat-operator
Silja Line's former owner SeaContainers Ltd. has sold 50 per cent of Sea Containers Finland Oy to Greek Eugenides Group. Sea Containers Finland Oy operates the fast ferries Superseacat III and Superseacat IV on the service Tallinn-Helsinki and owns ...
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| APRIL 7, 2008 |
- FOEI unimpressed with IMO's greenhouse gas progress
- Europe praises IMO achievement
Strong hints that revised MARPOL Annex VI meets European Union's regulatory objectives.
- Fuel oil arbitrage expected to dip
Refinery turnarounds in Europe and Russia will likely hit fuel oil exports to Asia.
- Bunker market report from Praxis
- New MARPOL Annex VI welcomed by shipping organisations
Hopes that ambitious sulphur reductions will ward off unilateral action, warning on cost implications.
- New supplier comes to Kali Limenes
Bominflot sees Crete bunker terminal as a 'serious bunker station'.
- Rotterdam market firm
- MSC to raise bunker surcharges
Higher rates will apply for its US routes from April 15.
- Rotterdam and Long Beach in environmental partnership
Officials sign pact to boost 'green' practices and technologies.
- Japan retroactive bunker price continues to climb
Retroactive 180 cst bunker fuel price continues to post record-highs.
- Korean bunker sales expected to fall
Bunker market could shrink as refiners cut bunker production and high prices strain credit lines.
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