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11 August 2020 The on-line newspaper devoted to the world of transports 09:01 GMT+2

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The Business Timesweb site
JULY 8, 2008
Shipping News
  • NOL faces fall in European rates, says UBS
    Neptune Orient Lines, South-east Asia's largest sea-cargo carrier, may report lower Asia-Europe freight rates in the second half of the year as volume growth on the trade lane slows, UBS said.
  • Daewoo wins 2.44t won Maersk orders
    Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipyard, received a contract for 16 container vessels from AP Moeller-Maersk A/S for a record 2.44 trillion won (S$3.2 billion).
  • High prices, new capacity to hit tanker earnings
    Oil prices that generated record shipping fees for Frontline Ltd and the rest of the tanker industry may now reduce their earnings, as demand growth slows and a new armada enters the market.
  • Pacific Shipping to buy vessels for US$200m

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Sched Netweb site
JULY 8, 2008
  • Yantian box volumes fall due to US slowdown, higher costs
  • Shanghai's trade value increases 26.6pc in first five months
  • Fredriksen ups stake to 15pc of TUI, ahead of Hapag-Lloyd sale
  • Cosco Pacific, Australian bank in box sale-leaseback scheme
  • Governments should block quasi-conference surcharges: Asian shippers
  • West Coast dock talks took break for July 4 weekend
  • GreenCarrier acquires Oy FCS Logistics in Finland
  • California perishables have ticket to ride to China on empty cargo planes
  • DHL to retire 23 ABX Air cargo planes within 18 months
  • Five air cargo firms fail as slowing US economy and high fuel takes toll

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Exim Indiaweb site
JULY 8, 2008
  • Rising fuel costs prompt Maersk Line to cut Asia-Europe capacity
  • Safmarine enters Asia-West Africa breakbulk & project cargo trade
  • CMA CGM buys two 12,800-TEU ships from Germany's Lloyd Fonds
  • OOCL announces south China-US inland fuel surcharge from Aug.
  • EU executive adopts competition rules for shipping
  • FEFC increases BAF & cuts CAF for Aug.
  • Maersk Line places order for 16 more boxships, this time with Daewoo
  • Germanischer Lloyd signs new contract with Austal
  • Panama Canal, New Orleans Port to promote all-water-route
  • K Line to reinstate calls at Portland
  • Lianyungang-Busan service now five times a week
  • Geodis Wilson acquires UK's Oughtred & Harrison Shipping
  • IADA to commence charging CAF
  • National tonnage sinks
  • Pact with Cuba for oil, gas exploration soon
  • BCHAA & MANSA rain accolades on Rani Jadhav for 'success in a man's world'
  • Massive port expansion under way in Middle East
  • Deccan Aviation launches country's 1st copter service from new Bengaluru airport
  • Indian economy loses trillion dollar status
  • Steel giants agree to cut prices & exports

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International Transport Journalweb site
JULY 7, 2008
  • New management line up at Hamburg port authority
  • Swissport appoints Batten to head global cargo
  • Port of Trieste with more containers in May
  • Agility named project logistics contractor for Australian power station

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Maritime Global Netweb site
JULY 7, 2008
  • Cruise ship grounds off Alaska
  • NOL ceo resigns
  • $33 billion ports boom in Middle East
  • Forum tackles 'image crisis'

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Marine Logweb site
JULY 7, 2008
  • Small cruise ship grounds ... again
  • Port of Montreal receives shipment of Iraqi uranium
  • Bollinger delivery brings Bouchard nearer goal
  • Widdows takes helm at NOL
  • China Oilfield to buy Awilco Offshore
  • BW Offshore wins LOI for Australia FPSO
  • Donjon crane hoists out bridge span
  • Scorpion Offshore orders semi at Keppel FELS

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World Wide Shipperweb site
JULY 7, 2008
  • RoadLink announces purchase of Vancouver trucking company
  • Schnitzer sees records fall during third fiscal quarter
  • Evergreen Marine adding Central America/Caribbean agents
  • Vancouver, USA port board eyeing action items at meeting
  • NYK does away with outside advisory board

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Lloyd's Listweb site
JULY 8, 2008
  • NOL stock slides on Held's resignation
    SPECULATION continues swirl around whether NOL will proceed with bid for Hapag-Lloyd.
  • Held shocks NOL with sudden resignation
  • China Cosco Holdings forecasts profit surge
    THE company expects net profit to jump more than 90% in the first half of this year on strong shipping markets.
  • BNP Paribas appeals ruling in Jurong dispute
    BANK is seeking to overturn ruling that blocks its attempt to wind up Jurong Shipyard over $50.7m in hedging losses.

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Fairplayweb site
JULY 7, 2008
  • Widdows replacing Held at NOL
    SINGAPORE'S Neptune Orient Line has announced that its president and CEO Thomas Held is out and will be replaced by Ron Widdows, who heads the company's APL liner division.
  • Oil spill booms surround Princess
    THE COAST Guard has put in place booms around the capsized ferry Princess of the Stars in the Philippines to prevent the spread of leaked fuel if its bunkers flow from the wreck
  • Compensation calls for Bangla workers
    BANGLADESHI officials have called for compensation packages for the families of the six workers who were killed in separate workplace incidents over 32 days at different shipbreaking yards
  • Inmarsat shares rise on suitor talks
    SHARES in Inmarsat jumped today on news that the satellite communications company might have a US suitor
  • Bunker price jump hits Asia
    ROCKETING bunker prices have forced more than a dozen Chittagong-Singapore/Malaysia container feeder vessels to suspend services over the past few months, according to feeder operators
  • Seoul arrests smuggling suspects
    SOUTH Korean police have arrested five Afghans and Pakistanis suspected of shipping 12 tonnes of drug components from Korea to the Taliban in Afghanistan

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The Journal of Commerceweb site
JULY 7, 2008
  • Widdows named CEO of NOL
    President and chief executive of APL replaces Thomas Held at helm of Singapore parent Neptune Orient Lines.
  • Port labor talks resume
  • Five ports join TWIC rolls
  • EU, India agree to include services in Doha talks
  • Fredriksen raises stake in Hapag-Lloyd parent
  • New report cites Japan-U.S. regulatory reforms
  • Reports say CSCL likely buyer of parent's port unit
  • Shippers protest Asia charges
  • OOCL starts Taiwan-Vietnam feeder
  • CMA CGM (America) appoints account executives
  • Surcharge hike by NWA

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Containerisation Internationalweb site
JULY 7, 2008
  • Held ousted by Widdows at NOL
  • CMA CGM boxing in Brazil
  • NZ's Korean beef exports at risk
  • OOCL boosts trade between Vietnam and Taiwan with new feeder
  • New cranes boost mega vessel capacity at Felixstowe port

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TradeWindsweb site
JULY 7, 2008
  • Brazilian tender
    Brazil's Transpetro launches 23-ship tender for its fleet expansion program.
  • Supe retires
    Superintendent steps down at the US Merchant Marine Academy after nearly 10 years.
  • Grounded again
    All uninjured off Alaska as small Cruise West vessel is involved in its second grounding in eight months.
  • All change again
    Neptune Orient Lines parts company with Thomas Held (left) as it hands the helm to Ron Widdows.
  • 'Excellent results'
    Nordic American Tanker chief executive tells shareholders to expect a more than 27% dividend increase from a strong second quarter.
  • Kerry on board
    Former US presidential candidate introduces bill attempting to make cruiseships safer for passengers.
  • BHP boosts bulk
    Bulker fixture activity should pick up now that BHP Billiton and Baosteel have set iron ore prices, analyst says.
  • COSL makes move
    Chinese rig player offering $2.49bn for Oslo-listed rival Awilco Offshore.
  • Tanked
    Sawdust self-ignited after mopping up spill of hydrogen peroxide on feedership Maike D last month.
  • Tuzla crush
    Cramped conditions at Istanbul yard complex criticised, as workers live in barns and depots.
  • Sold at last
    Long-mooted sale of Gourdomichalis supramax newbuilding sealed with Qatar Nav making dry debut.
  • Expensive eight?
    UAE's Al Jaber Group said to have paid $63m for each of supramax octet in China.
  • Baltic blues
    Russia to stop shipping oil from Estonia, Latvia and Lithuania in 2015 as domestic terminal capacity rises.
  • ITF in Hebei plea
    Seafarers' federation joins chorus of voices asking for release of Hebei Spirit master and officer.
  • MCA braced
    UK's Maritime and Coastguard Agency faces 48-hour search-and-rescue strike as pay dispute escalates.
  • CSG sells ports
    Chinese group's boxship unit CSCL tipped to buy parent's terminal management arm.
  • Scorpion inks rig
    John Fredriksen target has ordered a deepwater semi-submersible at Keppel.
  • Canadian mutiny
    Passengers block ramp of BC Ferries ship after being told there was no more room on board.
  • Gunned down
    Ever Lines' manager killed in car in the Philppines, with police examining business rivalry as motive.
  • CSC to buy
    Azerbaijan state owner in talks for 12,000-dwt tanker at Russia's Zelenodolsk shipyard.
  • Big drill order
    Korean yard bags order worth $709m from mystery South American owner for single drillship.
  • No dice
    Norwegian owner PGS says $70m claim from CGGVeritas over newbuilding charter is "unfounded."
  • Bulk order for STX
    Mystery European owner signs for bulker pair at Korean yard, but are they the same size?
  • Zim eyes Ennore
    Israeli container line part of group bidding to build new 1.5m-teu Indian terminal.
  • Scrubbing up
    Fuel-cleansing company Krystallon, backed by BP, aims for slice of estimated $7bn shipping emissions technology market.
  • Haiphong bound
    Hong Kong's OOCL to launch service linking northern Vietnam with Taiwan.

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American Shipperweb site
JULY 7, 2008
  • Held resigns from NOL, Widdows takes charge
  • EWL to return to Felixstowe
  • OOCL starts Kaohsiung/Haiphong feeder
  • Japan's ClassNK opens another Korea office
  • ABX Air fire under investigation
  • U.S. cargo jet crashes in Mexico
  • BA World Cargo to raise fuel surcharge
  • Lautenberg seeks to eliminate harbor maintenance tax on Great Lakes
  • Indian truck strike over fuel, toll costs ends Friday
  • Salmonella inquiry to target Mexican veggies
  • In U.K. tax decision, chips fall in favor of Pringles
  • Luckern named ITC's chief administrative law judge
  • CargoGulf begins services from UK to Middle East

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The Bunker Bulletinweb site
JULY 7, 2008
  • Danish firm opening two new offices
    Surging oil prices spurring demand for hedging services.
  • Global bunker market report
  • End in sight for Baltic export routes
    Ministers say Russian ports could be ready to take over from Baltic states by 2015.
  • Margins 'too low compared to risks'
    CEO of Wrist Group says sector is facing takeovers and consolidation.
  • Soft start to week for Singapore bunkers
    Bunker prices in Singapore drop for the first time in seven sessions.
  • Rotterdam market quiet
  • HKMEx chief confident of fuel oil contract's success
    Barry Cheung believes China will provide demand for contract.
  • Krystallon seeks to partner engine maker
    Partnership will speed up its entry into the market, says company executive.
  • Oil spill boom put up around capsized ferry
    To prevent possible spread of bunker oil inside vessel.
  • Bunker costs yet to hurt tanker earnings
    Robust spot rates keeping effects of record prices at bay.
  • Fear of bunker spill from ferry
    Philippine officials mapping out response plan in event of oil spill.

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