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| JUNE 9, 2008 |
Shipping News
- Norden sets up management trainee scheme
Danish shipping company Norden considers itself a 'modern' shipowner. As such it believes in investing in people as much as in ships.
- Maritime rules reform a priority
The Singapore National Shippers' Council (SNSC) highlighted the role it could play in fostering closer collaboration on critical issues like maritime industry regulatory reform at its 35th annual general meeting last Friday.
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| JUNE 9, 2008 |
- Sino-Korean logistics JV construction starts in Qingdao
- Rotterdam to take delivery of 11 more box cranes this year
- Zim posts second consecutive quarterly loss
- Fujian trade value up 27.9pc in first four months
- Schenker boosts rail transport across Europe with Railog
- Aker Yards appoints new chief formerly of Nork Hydro
- Mombasa to build 2nd CT as volume, congestion rises
- Correction: No acquisition involved as Birkart rebrands to Logwin
- IATA chief sees big losses, bleak future on fuel, eco, security woes
- American Airlines starts its six-a-week O'Hare-Domodedovo flights
- Asiana Airlines reduces Incheon-Chengdu flights
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| JUNE 9, 2008 |
- SCI to launch 4 new services in 2008
- CSL pockets top productivity award
- MoS thinking of awarding dredging contracts to experienced firms alone
- ONGC awards drilling rigs contract to Sevan Marine
- Steel giant may join hands with SCI to acquire tonnage
- IPG service sails on course with maiden call of m.v. harmony at ABG KCT
- RR Shipping proves prowess on cricket field to win VSAA trophy
- BOFBA seeks preferential rates in exchange for assured cargo volumes
- Container shipping lines vow to lower emissions
- Gujjars' stir whittles down cargo flow between West Coast gateway ports & northern hinterland
- Georgia Ports, Suez authorities in strategic alliance to promote shipping route
- Ramdasani, new labour trustee, attends meeting of recast KPT Board
- VPT observes Environment Day; to plant saplings in thousands
- Gurgaon-Jaipur 6-laning deal awarded to ETA-KMC consortium
- DRS projects 10 pc freight rate hike
- Crisil sees 5 pc truck freight rate hike
- Gujarat transporters hike freight rates by 12-15 pc
- Global investors place India in 4th slot
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| JUNE 6, 2008 |
- Iberia withdraws offer for Spanair
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| JUNE 6, 2008 |
- Industry leaders will meet in New York to collaborate on sustainability of the seas
- CIBC: "Transport costs could reverse globalization"
- Synergas expands LPG fleet
- Greek owner told to keep up PR effort
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| JUNE 6, 2008 |
- J. Ray McDermott in China FPSO fab yard venture
- Horizon Lines names new senior VP for Puerto Rico
- Hornbeck Offshore may sell tug and tank barge business
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| JUNE 6, 2008 |
- Corps names Steven Miles commander of Portland District
- Corps closing Chittenden Locks to build salmon exclusion structure
- MarAd eyes plan to send last Liberty Ship to Greece
- Port of Olympia Commission moving meetings to Comfort Inn
- US rail freight traffic drops during week
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| JUNE 6, 2008 |
- Last chance for FEFC to stem rate slide
FEFC pushes for July increase before conference system becomes illegal in Europe from October.
- Asia-Europe freight rate increase put on ice again
- Fredriksen lifts stake in Tui
NORWEGIAN owner determined to force Hapag-Lloyd spin-off and oust board chairman J'rgen Krumnow.
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| JUNE 6, 2008 |
- Failure to ratify UNCLOS will cost US in Arctic
THE failure of the US Congress to ratify the UNCLOS treaty may be coming home to roost as America is being left out as other Arctic powers grab for Arctic riches.
- Kaliningrad ship fire kills 7
AN explosion and fire at the Baltiysk shipyard in Kaliningrad has killed at least seven shipyard workers, and another five are missing
- Cruise operator raises surcharges
CRUISE operator Fred Olsen is increasing its fuel surcharges because of rising fuel prices
- Grain runs low in Argentina
GRAIN stocks were fast dimishing at Argentine ports and crushing plants, as the third phase of an almost 90-day conflict nears its provisional end on Monday
- Will oil costs trump globalisation?
SHIPPING has profited mightily from the globalisation of manufacturing, but a new study warns that escalating transport costs could sharply reverse the trend
- Ventura suffers norovirus attack
MORE than 20 passengers on the latest cruise on the P&O cruise ship Ventura have suffered from an attack of the norovirus gastrointestinal illness over the last three days.
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| JUNE 7, 2008 |
- Capacity crunch hurting U.S. exporters
Equipment and capacity shortage for U.S. exports are delaying shipments, losing sales for shippers to suppliers in other countries.
- Hong Kong port container volume increases 7%
- LA port wooing major truckers to bolster drayage
- Horizon Lines hires outsider to run Puerto Rico unit
- Seattle to expand box project
- Fredriksen ups TUI stake
- Aker Group cuts U.S. stake
- UTi profit falls 25%
- Political shakeup in Seoul over U.S. beef deal
- FMC to meet June 11
- Central Asia shortcut improving breakbulk transit
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| JUNE 6, 2008 |
- FEFC issues revised growth figures
- CMA CGM joins forces with the NWA on its Japan/US West Coast service
- Big changes coming for US export procedures
- CMA CGM posts strong 2007 financial results for Brazil
- New stance on CN's Chicago rail plans
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| JUNE 6, 2008 |
- Explorer sold
Southern Star Shipping's Atlantic Bulk Carriers wing fetches $34m for a handymax bulk carrier.
- The short list
Could we see some IPOs very soon as capital markets get appetite back?
- Ruling comeback?
LR chief Richard Sadler says there may be one last shot at challenging ECJ ruling on pollution.
- Bulkers for sale
This week's maritime selling block includes two Japanese-controlled bulkers.
- More MCA action
Union threatens to escalate pay dispute with the UK's Maritime and Coastguard Agency.
- Awry on dry
Harry Vafias got gas spot on but admits bulker pessimism off the mark.
- Tankers blocked
Workers at France's Fos-Lavera block loading and unloading for second day.
- TMM nabs tanker?
Mexican owner is tied to the $47.5m deal for a Maruta Industries products tanker
- Deadly yard blast
Seven killed, three missing in explosion on Russian ship in Kaliningrad shipyard.
- Dunkirk says 'oui'
Northern port approves EDF's project to build France's larges LNG terminal.
- Terekhin retires
Novoship president steps down to be replaced by former deputy Evgeny Kostyuk.
- TTB for sale?
Hornbeck Offshore may offload tug and tank barge unit due to growing focus on offshore support vessels, says chairman.
- Basil leaves
Mavroleon explains why he has left the Charles Weber hot seat to James Ford.
- Aker cuts US stake
Gary Mandel resigns as chairman of AAS after Norwegian group slashes its holding in Jones Act tanker owner.
- A GM for PR
Horizon Lines taps a new Puerto Rico general manager as the service to the island is under federal scrutiny.
- New Suez record
Egyptian canal posts highest ever monthly revenue for May.
- It's quotes time
Peter Georgiopoulos throws down the gauntlet to Norwegian boozers, while Fulford's depature might not be noticed for some time.
- Card sharps
Vietnamese yard workers selling unauthorised labour safety documentation.
- Cape crusade
Ukrainian yard Zaliv hopeful of lining up 10-ship order for new bulker design.
- Hong Kong sings
Increased container movements boost first quarter activity at port as exports surge by a fifth.
- Sea view
Survey provides 3D images of Northern Ireland seabed, including former lagoon and vessel that sank in 1918.
- WSF to sell
Washington state owner looking to Trinidad to offload unwanted ferries.
- Organised grime
Michael Chalos says 'magic pipe' whistleblowers are creating a devious cottage industry.
- Attica buys duo
Greek owner snaps up Grimaldi ferry resales at NCA yard in Italy.
- Siem doubles up
Brazilian unit grabs two crew boats which have already been fixed on $35m term deal with Petrobras.
- More cash for LA
Californian port gets 15% hike in annual budget amid concerns over falling revenues.
- SNO goes Dutch
Romanian shipbuilder will construct 13 cargoships, tugs and barges into 2009.
- More from Opec
Cartel's exports to rise 420,000 bpd to 21 June, two extra suezmax cargoes every five days.
- Neptune expands
Australian offshore engineering outfit snaps up three-year-old AHTS for $30m.
- Offshore shuffle
Teekay Corp drops down more assets to shuttle tanker and floater spin-off.
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| JUNE 6, 2008 |
- Hassing takes CEO job at Scandlines
- Another dry bulk shipping company goes public
- CMA CGM joins new Japan/Los Angeles shuttle
- Waterman new U.K., Eire head of Safmarine
- Continental latest airline to cut capacity
- Lufthansa volunteers for e-freight pilot
- Leavitt preaches import safety at AAEI conference
- Economists: Higher oil prices could slow globalization
- U.S., Ukraine affirm trade cooperation
- Logistics exec Williford to lead Ryder unit
- Choice Logistics signs pact with test equipment maker
- L.A. City Council approves port truck plan, container taxes
- Long Beach port approves truck access license criteria, sets date
- SoCal ports award drayage registry contract
- Seattle port finds 2007 accounts in good order
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| JUNE 6, 2008 |
- Cosco Busan spill not shipowner's fault
Shipping company blames government for the spill in counterclaim.
- Bunker markets 'have gone mad'
Prices in major ports posting huge rises against a backdrop of surprise oil bull run.
- Fear fuels 'eye-popping' oil price rise
Markets stunned with massive one-day climb to all-time high.
- Global bunker market report
- Petrobras suspends trading
Supplier takes pause to reassess market, prices surging.
- Further increases in fuel surcharges
North American cruise line increases fuel surcharge for the third time in eight months.
- Bunker spill 'smaller than estimated'
Operators of bulker involved in spill off Uruguay say there has been 'no further leakage'.
- FSU charter 'not renewed'
Morgan Stanley looking for other options for its fuel oil trading operations in Asian market.
- Bunkers surge on bullish crude
Bunker prices in Singapore and other Asian markets see double-digit gains.
- 'Slow steaming' could increase emissions
Reducing vessel speeds could mean a'less efficient' use of bunker fuel.
- Rotterdam market firm
- Aegean 'not looking' at Russian market
But predicts that government move will tighten market for smaller double-hulled tankers.
- Japanese refiner may cut bunker supply by 20%
Bunker fuel supply squeezed by increasing exports.
- New appointments at Bominflot South Africa
- Putin asked to intervene on single-hull tanker ban
Russian bunker suppliers appeal to Prime Minister Putin to overturn ban 'in interests of country's economy'.
- Japan's fishermen plan strike
High fuel oil costs could trigger new protests.
- IOC to sell bonded 380 cst bunker fuel in Chennai
Indian refiner drops plan to offer tax-free 380 cst material in Mumbai, choosing Chennai instead.
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