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| APRIL 9, 2008 |
Shipping News
- Singamas to expand high-margin box business
The world's No 2 shipping container maker, Singamas Container Holdings, plans to expand its specialised containers output, aiming to derive a quarter of its revenue from the higher-margin business this year.
Strait Talk
- No square brackets for fuel deal
WHEN controversial issues go through the International Maritime Organisation's (IMO) regulation-setting process, many of the most important (and hotly disputed) details are not settled until right at the last moment.
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| APRIL 9, 2008 |
- Cosco Pacific profits up 81pc on higher trade volume and bank stake sale
- No profits revealed, but 2007 'perfectly satisfactory' for Hamburg Sud
- IMO approves revised regulations for ship emissions
- Safmarine redeploys own vessels on US-South Africa trade
- Fesco to bolster foreign trade services, increase volume 60pc
- Geodis Logistics shows green side in new logistics site near Lyon
- Protesting China Eastern pilots penalised for disrupting flights
- Regulator orders Air Canada to lift ban on flying pets
- Hainan Airlines resumes Beijing-St Petersburg service
- DHL Global Forwarding wins air Cargo 2000 phase 2 certification
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| APRIL 9, 2008 |
- T. S. Lines reaffirms commitment to Indian trade
- Marine pollution norms reviewed
- Vijay Tanks & Vessels ships 8 massive storage bullets from Kandla Port
- 6 pc fall in containerised cargo exports to US in 2007
- GIL takes delivery of Greatship Amrita
- Krishnapatnam port's operations to begin next week-unloading cranes for captive use!
- NMPT chalks up 12.41 pc growth rate
- SCR exceeds fiscal targets
- Meghalaya knocks at CONCOR's door for perishables logistics solutions
- CONCOR hikes rates for tea shipments through Amingaon ICD
- Indev Group spells out infrastructure development plans
- A.P.V.N. Sarma to grace Conquest 2008 as Chief Guest P. C. Jha to be Guest of Honour
- Interest rate hike will hit production, warns CII
- $ 110 bn forex kitty addition in 2007-08
- Assocham cautions against rushing into FTA with China
- CII helmsmen
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| APRIL 9, 2008 |
- Alexander Pl'macher head of Lufthansa Cargo subsidiary
- Safmarine fleet renewal in full swing
- Panalpina introduces new airfreight service Palmair to Latin America
- SNCF acquires Germany's ITL
- Whitbread awards new food logistics contract to Kuehne + Nagel
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| APRIL 8, 2008 |
- Lady Belinda crew paid
- Panama flag goes 24/7
- Qatar LNG ships flagged in the Marshall Islands
- Award for Panama Canal Authority
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| APRIL 8, 2008 |
- COO resigns as ACL warns on Q1 EPS
- USCG responds to cruise ship engine room fire
- Japanese shipbuilding integration picks up pace
- Scorpion gets LOI for $72 million jackup job off Venezuela
- Wärtsilä inks China RT-flex license
- Japanese-owned LNG ships to fly Marshall flag
- Yantai Raffles reports surging net
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| APRIL 8, 2008 |
- STX move for Aker Yards 'offers opportunities'
MINISTER of trade and industry says takeover bid raises "concerns" but offers commercial opportunities for Norway.
- Eurotunnel bullish after posting brilliant profits
ENGLISH Channel tunnel operator posts historic $1.6m net profit for 2007 and is confident about current year results.
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| APRIL 8, 2008 |
- US LNG reverses gains
US imports of LNG finally revved up last year, but 2008 volumes are being 'greatly reduced' by intense competition for cargoes.
- Ezra profits leap on equity sale
OFFSHORE support vessels operator Ezra Holdings has reported an eightfold leap in net profit for the half-year ending 29 February, 2008
- Sharp rise in Gulf of Aden piracy
THE IMB records two new attacks on shipping in the Gulf of Aden in addition to the Le Ponant hijack; a Coalition warship may have saved a tanker shot up by pirate RPGs
- Marshalls grab eight more LNG ships
EIGHT Japanese-owned LNG tankers slated to service the Qatar gas fields will be flagged with the Marshall Islands, according to flag operator International Registries
- Paccship fined for hidden dumping
Paccship UK, which manages and operates 10 ships trading between Asia and the US, admitted concealing vessel pollution and was fined $1.7M at a federal court
- Cruise vessel evacuated after fire
INLAND cruise vessel, Queen of the West, has been evacuated after an overnight fire in its engine-room.
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| APRIL 8, 2008 |
- Study: Southern California logistics mecca to lose thousands of jobs in 2008
Declining imports through Port of LA-Long Beach, looming recession to drive 17,900 jobs from Inland Empire distribution center, economist predicts.
- Court: Miami port stevedore selection unconstitutional
- Exports aid Tacoma boxes
- NWA opens Asia-Med route
- Export ABCs: Making payment terms work
- Container volume powers Cosco Pacific earnings
- Hawaii cargo awaits pilot deal
- Panalpina routes Euro-LatAm transshipments through Miami
- New crane for Portland
- No summit unless Doha deal near: Lamy
- Teamsters ratify UPS Freight contract
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| APRIL 8, 2008 |
- USL integration with ANL steps up
- NWA back in the Mediterranean/FE fray
- Hong Kong call for Zim
- US/Colombia FTA makes progress
- Kandla's ABG Terminal in decline
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| APRIL 8, 2008 |
- Barge owner gives warning
After swearing off giving guidance, American Commercial Lines says it will have earnings in the "low single-digit cents".
- Challenge's 29 challenges
Among five March detentions, UK port-state inspectors hold a Seatruck ro-ro for nearly 30 deficiencies, a month after its sistership's detention.
- Cruiseship suffers fire
A fire breaks out in the engine room of the Majestic America Line's 142-passenger Queen of the West.
- Building on spec
To counteract rising steel and labour costs, Bollinger Shipyards is building four offshore supply vessels without contracts.
- SFI offers reinvestment scheme
John Fredriksen-led, US-listed company offers up 5 million shares for current holders to gradually accumulate more.
- Arnie blasts cruise rule
Hawaiian and Californian governors want the US government to terminate an effort to tighten coastwise cruising regulations.
- Attica sheds another
Greek-owned ferry group pockets $5m from sale of ice-class unit.
- Seaspan upgraded
Wachovia Capital Markets analyst hikes rating on the US-listed containership owner as the company issues shares.
- Canned
Seventeen ships were held on safety grounds in US last month, including one with a drunken crew.
- Irving late again
Canadian conversion of seismic survey vessel overdue, plus owner SCAN reports 'unexpected damage.'
- TNWA launches new Med run
APL, HMM and MOL team with CMA CGM to step up western Med and Middle East service.
- Hebei Spirit crash shown
V.Ships provides TradeWinds with video of the crash that led to South Korea's worst oil spill.
- Dry heat fires Imarex
Norwegian derivatives trader sees first-quarter figures lifted by lucrative dry-bulk sector as tankers lag behind.
- Save our ferries
Tourist chiefs want Malaysia's Penang service preserved despite bridge to mainland being widened.
- Palmali heading to London
Turkish tanker owner's president Mubariz Mansimov hatches plan to float 25% of company in UK next year.
- Aussies hold 14
Port state checks round up ships owned by Cosco, Precious, Vosco, Tidewater and others during March.
- Cosco feels the heat
Terminal operator sees stock slide after profits fell short of market expectations.
- STX signs for two VLCCs
Four becomes two as long-mooted order by STX Pan Ocean for quartet of tankers at sister yard chopped in half.
- SNO expecting profit boost
Romanian shipbuilder sees earnings up 17% this year as revenues rise.
- NMC looking up
Philippines feedership owner eyeing 20% increase in cargo volume this year.
- Daewoo workers vote for strike
Walk-outs dependent on progress of sell-off of Korean state's yard stake, union says.
- Bill brings walk-out closer
One strike of president's pen will send dockers to the picket lines as plan to end port monopoly is passed.
- Seadrill lifts SapuraCrest stake
John Fredriksen's Oslo-listed drilling outfit continues to build its stake in Malaysian company.
- Coscol doubles up
Chinese ro-ro and heavy-lift owner posts big profit jump in first quarter as demand grows.
- MSC Lugano under tow
Containership left adrift off Australia by engine room fire has begun its journey back to Fremantle.
- HHI under pressure to sell
World's leading shipbuilder may have to shed interest in Hyundai Oilbank unless it halts legal spat with IPIC.
- Mercator books a decade
Singapore-listed dry-bulk owner snaps up Augustea post-panamax newbuilding on charter for 10 years.
- Somalis urge tough action
Local governor says military action against Le Ponant hijackers will halt future piracy problems.
- Lauritzen ties up with Tailwind
Danish and Norwegian companies team up in five ship ethylene/LPG carrier joint venture.
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| APRIL 8, 2008 |
- New World Alliance, CMA CGM to start Asia/West Med string
- Zim adds Hong Kong to new Asia/Europe string
- Brazilian cargo airline ABSA's revenue up 20%
- Lufthansa Cargo appoints Pluemacher as Jettainer managing director
- Fog causes diversions at Hong Kong airport
- Bush starts clock on Colombia FTA vote
- Company introduces perishables packaging system
- Armstrong, Walker join consulting firm
- DP World and developer to build new Saudi port
- DP World profit grows 52%, container volume up 18% in 2007
- Haifa workers may buy share in their port
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| APRIL 8, 2008 |
- Notice of strike on Swedish vessels
The Swedish ship officers' unions Sveriges Fartygsbefälsf'rening and Sjöbefälsförbundet has issued a notice of strike on Swedish-flagged vessels. The current negotiations on pay and employment terms have been stranded and strike actions are notified for 18 April at 00 ...
- 50 plans to strenghten Dutch maritime sector
The Dutch Cabinet has approved a policy letter filed by state secretary Tineke Huizingas to strenghten the country's maritime sector. The letter includes some 50 concrete plans aimed at reducing environmental impact from shipping, improve maritime safety, increase the competitiveness ...
- Two Danish flagged tankers sold to Greece
The owner of the two Danish-flagged tankers sailing under the colours of Clipper Wonsild Tankers has sold their units to a Greek operator. The tankers are the Lone Wonsild and Ella Wonsild, both built by Nords'v'rftet in Ringk'bing to ...
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| APRIL 8, 2008 |
- Singapore leads debate as host to 'vital' forum
Shell Marine Products' CEO heads an array of expert speakers as debate around marine fuel emissions heads to Asia.
- Scrubber decision 'absolutely critical' for bunker suppliers
UK-based scrubber manufacturer says IMO has cleared the way for ship operators to use 'cost-effective' higher sulphur residual product.
- Bunker market report from Praxis
- Sulphur reductions welcomed by environmentalists
But FOEI delegate at IMO critical of revised MARPOL Annex VI for not addressing particulates as separate issue.
- Independent bunkering firm celebrates 25th anniversary
Founder Rob Morelis says his company is one of the smallest bunker trading and broking houses in the world.
- IBIA welcomes 'multi-solution' approach
But bunker industry association cautions that doubts remain about availability of low sulphur fuel.
- Rotterdam market continues to firm
- Singapore Q1 bunker prices up over 60% year-on-year
The days of $450 per metric tonne bunker fuel 'are over' players tell Bunkerworld.
- Malaysian port outlines plans to be 'regional feeder'
Penang wants to become a leading 'feeder hub' in the region with scope for bunker storage.
- Hong Kong limiting bunker tanker numbers
Authority's strict control of barge licences may damage prospects for bunker market growth.
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