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| JUNE 10, 2008 |
Shipping News
- Baltic Exchange sailing on record profits as prices rise
The prices of wheat, soybeans and iron ore have surged in the last two years, but that is nothing next to the surging cost of shipping goods like these.
- French group to build LNG terminal in Dunkirk
The port of Dunkirk in northern France on Friday gave EDF the green light to build one of Europe's biggest liquefied natural gas terminals, set to handle six billion cubic metres of gas annually from 2012.
- TUI reps to discuss Hapag-Lloyd sale
Shareholder representatives on TUI AG's supervisory board will meet today to discus options for disposing of the company's Hapag-Lloyd shipping unit.
- Russian dockworkers stage walkout
- Truckers in Europe protest against hike in fuel prices
- French railway workers to strike over job cuts
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| JUNE 10, 2008 |
- Senator Lines turns a profit after loss-making 2006
- China Merchants to shift focus to Chongqing-based logistics business
- DHL-Sinotrans' first retail flagship shop opens in Shanghai
- IMO lauds UN Security Council for authorising action against piracy
- GPA, SIPG test out e-tags on Savannah-Shanghai trade
- GAC Australia opens new office in Darwin
- United Airlines reports May revenue passenger miles down 4.1pc
- China Eastern Airlines launches two new routes in June
- Air China adds daily flight to Lanzhou-Beijing line
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| JUNE 10, 2008 |
- Maersk Line & MSC to start separate trans-Tasman dedicated services Joint service discontinued
- Maersk Line to hike North America rates, BAF from July
- Evergreen line joins EU's greenhouse gases measurement scheme
- CMA CGM enhances transpacific service with TNWA deal
- CTSA imposes higher BAF, CAF surcharges as oil rises and dollar falls
- OOCL adds PPS, hikes BAF, CAF, LSF, CBR for trades to West & S-E Asia
- 8,530-TEU Xin Mei Zhou makes maiden call at Port of Hamburg
- AADA says higher oil prices prompt rate hikes
- Cosco submits highest bid for Piraeus tender
- Daewoo gets order worth $ 2.5 bn in 2 weeks!
- Jiangsu's Dafeng Port launches feeder container line to Shanghai
- FEFC announces BAF surcharge in Asia-Med WC Europe sector
- Mercator to bring Indonesian coal for Tata Power
- Lower interest rates will boost industrial growth-Ficci
- Gujarat govt spurs shipbuilding & repairs
- Shipping firms set to earn 40 pc more in 2008-09
- Mercator acquires third VLCC & charters out rig
- Ship surveyor dies in freak mishap at Dubai
- Indo-Chinese trade to cross $ 60 bn before targeted date
- Jewellery exports may yield $ 37 bn by 2015, says Ficci study
- Decks cleared for execution of 2 major projects at Tuticorin Port
- Consultants for Beypore, Azhikkal port projects cleared
- Adani Logistics familiarises trade with ICD-Patli's state-of-art facilities
- Double-stack box trains to begin trial runs early next month
- NSCOWA hikes charges for empties' movement by 40 pc, for full boxes by 20 pc
- Government hikes fuel prices
- States question Centre's power to waive stamp duty on SEZs
- Project Vikas opens new markets for Tirupur cluster units
- Scheme to quickly resolve service tax issues involving small amounts
- CII study projects 8.6 pc GDP growth in 2008-09
- Include other minerals in export basket-Exim Bank
- Economic policies at root of food shortages-RBI Governor
- Foreign Trade Policy Analysis - 3
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| JUNE 9, 2008 |
- Lufthansa Cargo pushes e-freight
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| JUNE 9, 2008 |
- Eitzen buys Seven Seas for US$115m
- LR prepares for "bill of rights"
- Odfjell sells parcel tanker
- PR launches loading software
- EC clears AP Moller purchase of Eurogate holding
- TBS buys handymax bulker
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| JUNE 9, 2008 |
- Aker slashes stake in Aker American Shipping
- Danaos sells 30-yr old box ship for $15.8 million
- OMSA updates members on VSO rule change
- Seadrill adds semi-tender to Singapore fling
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| JUNE 9, 2008 |
- FERC releases final EIS for Bradwood Landing LNG site
- Pending sale of Pier 48 announced by Port of Seattle
- Horizon Lines taps Wegrzyn as new Puerto Rico manager
- Port Tracker report predicts container traffic growth in October
- Port of Bremerton honored for new Bremerton Marina
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| JUNE 9, 2008 |
- Hapag-Lloyd battle goes to investors
TUI shareholder representatives to discuss plans for the divestment of Hapag-Lloyd.
- Seadrill boosts tender rig fleet with new order
- Batumi named in Intertanko port state spat
INTERTANKO singles out Black Sea oil port after harbourmaster demands $30,000 payment.
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| JUNE 9, 2008 |
- Piracy/terrorism: no clear connection
NO clear connection exists between maritime piracy and terrorism at sea, according to a report issued today by the research body, the RAND Corporation.
- V.Financial joins Efigestioni
V SHIPS and Efigestioni, the Italian asset manager, have entered into a cooperation agreement focused on jointly developing the two parties' managed investment funds
- EMS buys Seven Seas
EITZEN Maritime Services (EMS), the listed Norwegian maritime services group, is to become the biggest ship chandler in the world
- Aker cuts Aker American stake
AKER has reduced its holding in Aker American Shipping, the US based ship owning company, to just under 20%, down from more than half, in line with a decision published in November
- Cabinet committee formed on Gwadar Port
THE Pakistan coalition government has created a cabinet committee that will make Gwadar Port operational in the shortest possible time
- Cruise norovirus outbreaks drop
NORTH American cruise lines are enjoying a healthy decline in shipboard norovirus outbreaks so far in 2008
- Subic patrol uncovers illegal drugs
THE harbour patrol of Subic Bay Metropolitan Authority uncovered more illegal drugs at the weekend, namely methamphetamine hydrochloride or 'shabu', near the berthing area in Subic Freeport.
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| JUNE 9, 2008 |
- Panama Canal resumes normal bookings
Waterway had cut the number of booking slots for the largest ships in March because of backlog of non-booked ships.
- Hapag-Lloyd future to be decided at meeting
- Maersk adds AE1 call
- New KCS president
- Truck, rail strikes hit Spain and France
- All-scan review slated
- New CFO for Aker American
- UK rail pact for Zim
- Hong Kong port container volume increases 7%
- Colombo project revived
- More Nehru trains urged
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| JUNE 9, 2008 |
- Horizon brings in new management
- Dunkirk Asia link for CMA CGM
- Alabama's MCT pitching for new business
- Fredriksen's stake in TUI 'increased' as bids come in for Hapag-Lloyd
- Spanish truckers begin 'indefinite' fuel strike
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| JUNE 9, 2008 |
- OSG pays out
US tanker owner pumps up dividend 40% and launchs new $250m share buyback.
- Big White sold
US-listed Danaos Corp owner grabs a $9.8m profit from the sale of a 30-year-old boxship.
- Norden CFO out
Myklebust cites family illness as the bulker owner launches a search for his replacement.
- Day 3
Workers stand down for a third day at the Fos-Lavera oil terminals, blocking 29 tankers.
- Bad line manager
Mooring ropes parted on Eurasia bulker that broke away from iron ore berth and grounded.
- Navios numbers
Official at US-listed bulker owner says even the company could not have predicted how the latest buyout would impact results.
- TBS nabs Explorer
Joseph Royce-led bulker and tweendecker owner pays $35.5m for a handymax bulker, to be renamed the Fox Maiden.
- Sale soon?
Russia's deputy transport minister hints at 2008 Sovcomflot IPO, with 15% of tanker owner possibly up for grabs.
- Odfjell offloads
Bernt Daniel Odfjell-led company bags $3m from sale of 1990s built parcel tanker.
- Bigger buyback
US-listed Seacor Holdings more than doubles the size of its share and debenture buyback program.
- More for Seadrill
John Fredriksen-led company pens $210m tender rig at Keppel O&M, the fifth unit it has ordered in less than a week.
- Fire in the hold
Welder's sparks ignited disastrous sequence of events in costly BBC Islander fire.
- Murray mint
Belfast pockets small fortune as Hollywood comes to Harland & Wolff's paint hall.
- Fire injures 15
Explosion rocks AHTS vessel under repair at Singapore facility leaving fifteen injured.
- Touch of Klass
Carnival launch gets a dash of glamour despite lack of champagne.
- Stena surcharge
Ferry owner makes passengers pay up on Irish Sea routes as fuel prices soar.
- SAIL keen on dry
Indian steel producer considers venture with SCI to own bulkers.
- Four more
Hyundai Mipo adds to bulker orderbook with Asian deal for 37,000-dwt ships.
- On your marks
Race for Hapag-Lloyd to begin this week with mailing of information to bidders.
- Storms shake PGS
Early start to monsoon season hits vessel production but seismic shipowner says second quarter will still see record returns.
- GO bid smoked
A significant change in the economics of the project kills off Great Offshore's bid for SeaDragon.
- Crew missing
Search on for four men, while one body found after barge sinks off Mumbai, India.
- Tonga tonic
Japanese cash allows newbuilding replacement for 1981-built Olovaha ferry.
- Turks to strike
Spate of shipyard deaths in Tuzla prompt walk-out on 16 June.
- Cosco clears air
Port operator says accounting differences led to conflicting values being placed on its Piraeus tender.
- Tuticorin to grow
Indian port lays out ambitious expansion plan for numerous terminals to boost capacity.
- EMS buys SS
Eitzen Maritime Services is acquiring Dubai-based ship chandler Seven Seas for $115m.
- Costa pizza record
Italian cruise line claims Guinness World Record for world's longest pizza.
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| JUNE 9, 2008 |
- RAND: Little evidence of terrorist-pirate collusion
- FEFC adjusts westbound figures
- CMA CGM to include Dunkirk in French Asia Line 3 rotation
- Horizon Lines names Puerto Rico manager
- Ohio in race to save DHL jobs
- Barge service to link Texas ports
- New U.S. president will follow pro-trade policies, expert says
- Port Tracker: U.S. imports to regain year-over-year growth by Halloween
- Shippers find silence deafening on West Coast contract talks
- EC clears Wilhelmshaven joint venture of Maersk, Eurogate
- Vancouver deal with Alcoa moves forward
- Tacoma port drops full Maytown logistics center plans
- Crisanti leaving Fraser Surrey Docks
- Hueneme port getting radiation monitors
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| JUNE 9, 2008 |
- Explosion at Baltiysk shipyard ' several killed
On 5 June a serious explosion occurred at the Russian flagged container vessel Enisey (built 1988) when it was docked at the shipyard in Baltiysk ' three persons were killed, three persons were injured and six persons are still missing on ...
- Imperial Shipping grows
Göteborg/London based shipowner Imperial Shipping has aqcuired the panamax 64,931-DWT bulk carrier Maha Roos, built in Japan 1982. After the purchase, the company fleet consists of 15 wholly owned vessels (bulk carriers and ro-ro vessels) and five ...
- Aker Yards delivered SuperSpeed 2
Color Line has taken delivery of their second fast passenger- and car ferry from Aker Yards on June 5, 2008. The SuperSpeed 2 left Rauma the following day and will be employed on the Larvik'Hirtshals route. With a service ...
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| JUNE 9, 2008 |
- Bunker markets 'stunned' by scale of price rises
Demand on spot market collapses as buyers wait to see if prices will fall.
- Global bunker market report
- Rotterdam bunker market firm
- New Singapore supplier sets target
Indian refiner says bunker joint venture aims to supply 100,000 mt of product a year.
- High bunker prices will trigger 'fundamental changes'
Container lines may axe some routes; slow steaming to become more widespread, says liner CEO.
- Bunker prices soar across Asia
No let up in rising market. Bunker prices set new record in Tokyo.
- Japan: Avails to tighten on refinery outages
Bonded market already facing tight supply because of increased exports.
- Greek shipowners want IMO lead on emissions
Union of Greek Shipowners says it opposes regionally based emissions regulations.
- Potential sea pollutants nearly double
Bunker fuel accounted for 10% of pollutants recovered during salvage operations last year.
- Bunker levy could 'open door' for additional charges
Asian shipowners undecided over Danish proposal to tax the worldwide fleet for bunker usage.
- 60 penguins die in Uruguayan spill
20 more are receiving veterinary care after being coated with fuel from the spill.
- Call for Indian shipping canal to be renamed
Indian political party suggests naming shipping channel after the Hindu god Lord Ram.
- 'Only recession' can push oil prices down
Leading economist says 'cure would be worse than the disease'.
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