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| JULY 10, 2008 |
Shipping News
- Maersk slashing Taiwan port ops to focus on China
AP Moller-Maersk plans to slash about half its container handling capacity in Taiwan's Kaohsiung, Asia's No 6 port.
- TUI shareholder ups bid for Russian's stake
Norwegian investor John Fredriksen has bid for Russian steel magnate Alexey Mordachov's 10 per cent stake in German travel and shipping group TUI in order to change its strategy, a press report said yesterday.
- ZPMC sets up Asean unit, spare parts centre in S'pore
Having some of its biggest customers in the region is one of the reasons behind top manufacturer of port machinery and heavy marine equipment Shanghai Zhenhua Port Machinery (ZPMC) establishing its first South-east Asia subsidiary company and spare parts centre in Singapore.
- Pirates release German cargo ship
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| JULY 10, 2008 |
- CSCL to buy Shanghai-based port developer from parent
- City of Hamburg front-runner for Hapag-Lloyd as cracks appear in NOL bid
- OOCL to provide Haiphong-Kaohsiung feeder service
- US trucking tonnage shows 0.5pc growth in May after April slip
- Panama Canal authorities extend deadline for bidders' proposals
- Agility takes over former agent CF Geologistics in Denmark
- TNT lands prize at SHRI Singapore HR Awards 2008
- Direct cross-strait flights to enjoy greater success
- British Airways World Cargo increases fuel surcharge
- Cargo down 6pc in May, but up 8pc since January at Austin Texas airport
- Delta counts on air cargo to boost revenue on international flights
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| JULY 10, 2008 |
- CMA CGM BAF available online
- More containers fall into sea due to top-heavy deck stacking-study
- Bharati Shipyard to focus more on rig-building
- Ronald Widdows promoted to NOL's Group President & CEO
- CMA CGM installs BASSnet Fleet Management Systems
- Vast scope seen for India-Israel trade
- Gushing edible oil imports may swell by 80 pc before Oct.
- Spices add 28 pc to export basket in April & May
- These exports are smooth as silk!
- Plea to extend dumping duty order on Chinese silk yarn for 4 years more
- MMTC to import 16,000 tonnes of pulses
- L&T move to enhance deepsea drilling skills
- Talks to avert ports strike may resume today
- Cargo traffic at Paradip Port up by 17.7 pc in Q1
- L&T to make wheels for Rlys
- Skyrocketing ATF prices, airport charges clip cargo carriers' wings
- Nagpur SEZ offered power for a song!
- Fall in exports of traditional items worries Commerce Ministry
- Export Inspection Council gets ISO-9001:2000 certification
- Import duty on cotton may go-Vaghela
- Interactive session on MSMEs today
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| JULY 9, 2008 |
- Buss Group: management reshuffled
- Port of Dunkirk reports favourable H1/2008
- ABC appoints Airnautic France as GSA in France
- Honda expands automobile transportation by rail in USA
- La Poste to be partially privatised?
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| JULY 9, 2008 |
- Profits soar at Cosco
- Hamburg to bid for Hapag-Lloyd
- Boardroom shakeup at Aries
- Lehmann Timber released after 41 days
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| JULY 9, 2008 |
- Korea indicts Chinese "industrial spy" with ties to ABS
- Lautenberg seeks changes in HMT
- B. Navi must pay $1.5 million in pollution case
- Larry Rigdon wins Entrepreneur of the Year Award
- ABG Shipyard negotiating jack-up contracts
- Odfjell takes 40% stake in two drillship newbuilds
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| JULY 9, 2008 |
- Seattle Port Commissioners Ok completion of SR 519
- Port group praises Congress for maritime pollution act passage
- Sand sculpture event returning to Bellingham
- Everett port board adopts new marine terminals master plan
- Merchant Marine academy head announces plans to retire
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| JULY 9, 2008 |
- ABS inspector arrested on yard theft charges
CLASS society inspector has been arrested in South Korea on allegations of "stealing" technology from rival yards.
- New CESA chair gets tough on intellectual property rights
- French government cleared in six-year SNCM case
THE European Commission has ended its investigation into the legality of state aid given to the ferry operator.
- Hong Kong's new cruise terminal hits delays
DEVELOPMENT of the $410m landmark has come to a halt after the government rejected bids for its financing, construction and operation.
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| JULY 9, 2008 |
- Yard spying evidence mounts
BUSAN prosecutors say they have sufficient evidence to charge a Chinese surveyor with illegally obtaining shipbuilding technology from a South Korean shipyard
- Uncertainty seen on hull insurance
PREMIUMS for marine hull insurance are churning in the Gulf, as owners with a clean histories look for 10-15% reductions at renewal, but P&I premiums are shooting up by about 12%, Fairplay 24 has been told
- Mobile hopes for larger cruise ships
MAYOR Sam Jones of Mobile, Alabama, said today that the city plans to spend up to $3M for a new gangway in hope of luring one of Carnival's larger cruise ships
- Tidewater, Iran negotiate contracts
IRANIAN port operator Tidewater is negotiating long-term contracts with Iran's port authority
- Hijacked ship released
SOMALI pirates have released the Lehmann Timber and the crew after 41 days, and the ship is now escorted by a British Navy vessel, owners have confirmed
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| JULY 9, 2008 |
- U.S. imports to strengthen in second half
Containerized imports, in the doldrums for the past year, are beginning to pick up and should provide a better second half, says new Port Tracker.
- House OKs ship pollution bill
- ILWU, PMA talks resume
- Horizon Lines supports HMT exemption for short sea
- We'll hit U.S. ships: Iran
- Fredriksen bumps up share buy offer to TUI stockholder
- U.S. looking abroad to ensure import safety
- Export ABCs: June potpourri
- Seattle port sets funds for freight mobility project
- Pols endorse bigger trucks
- Muoio reelected to second term as president of NCBFAA
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| JULY 9, 2008 |
- Germany gears up to save Hapag from foreign ownership
- SIPG expects 1H 2008 net profit to soar by 30%
- Fredriksen seeks 30% of TUI
- Maersk imposes Eur/Aus/NZ rate restoration
- China to 'intervene' in Asian shippers bunker dispute
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| JULY 9, 2008 |
- Substantial doubt
Aries Maritime Transport document released after Jeffrey Parry takes helm reveals financial trouble.
- Tax axe proposed
Horizon Lines hails potential harbour maintenance tax changes as a way to open the door to US shortsea shipping.
- Foreigners invited
Tanker wing of Brazil's Petrobras snaps up LPG carrier newbuilding, and it invites foreign yards into tender for 22 tankers.
- Jungle feeder
Log-In Logistica Intermodal sends 666-teu vessels to the Amazon capital in a domestic feeder service.
- Spy spat
ABS inspector held in Korea on suspicion of stealing shipyard secrets for China.
- Toxins go first
Philippines government leans toward removing bunkers and pesticide cargo before moving the Princess of the Stars.
- Deadly locker
Lack of awareness of risks of entering a chain locker killed three men on the Viking Islay.
- Spirit damaged
Coast Guard inspection finds structural damage after grounded cruiseship is re-floated.
- Burning deck
UK soldier loses leg after scorching his feet on hot metal cruiseship deck.
- Spectrum signs up
Newly-listed offshore owner, led by David Rowlands, secures $23m contract for seismic vessel in the Far East.
- PSA in at Morocco
Singapore port group takes 50% slice in JV to build and operate container terminal at Tanger-Med.
- Maersk cuts?
Danish containership giant reportedly considering halving port presence in Kaohsiung, Taiwan.
- Szczecin deal
Norway's Ulstein Verft and domestic group Mostostal teaming up on bid to buy Polish shipbuilder.
- Africa lifts Acergy
Jean Cahuzac-led offshore player's second quarter profits rise by a fifth.
- German ship freed
Reports indicate $750,000 ransom paid to secure release of Lehmann Timber held off Somalia.
- Bermuda bound
Completion of share swap deal sees BW Gas exit the Norwegian system following tax spat.
- No shift for NOL
Thomas Held's departure as CEO will not halt the chase for German boxship owner, Hapag-Lloyd.
- Miami slice
Big name duo CMA-CGM and APM Terminals tag team in JV to run Miami port operations.
- Golden sands
Dutch dredging company Boskalis bags lucrative deal to redevelop Port Rashid in Dubai.
- Arpeni rises
Indonesian tanker and bulker owner adds 25% to profit in second quarter.
- Sino merger nears
Sinotrans Shipping says parent has "reached an understanding" with China Yangtze about tie-up.
- Dwight dives in
New York hedge fund Ospraie Management boosts holding in Camillo Eitzen with 369,250 share swoop.
- Shanghai shines
Chinese port group says "healthy" market and cost cutting may have seen first-half profit grow 30%.
- Hanjin haul
Korean yard adds to capesize orderbook with two-ship deal from Lauritzen of Denmark.
- Some like it hot
Searing dry-bulk market sends Cosco Shipping's first-half profit to boiling point with 141% rise.
- Brain drain
New Pipavav Shipyard in India could recruit Japanese experts for October launch.
- Passage to India
Indonesian liner operator Samudera Shipping plans new feeder service out of Singapore.
- Change of tack
Sulpicio drops case against Philippines weather agency over Princess sinking, instead targeting its executives.
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| JULY 9, 2008 |
- House passes ship pollution bill
- Indian shipping tonnage on the decline
- Maersk to raise Europe/Australasia rates
- Maersk, MCC starting new Intra Asia loop
- Kings Point superintendent retiring
- Ukraine International Airlines takes delivery of 737-300SF
- YRC remains upbeat about 2nd quarter
- Pennsylvania increases funding for bridge repair
- USAID seeks to improve Palestinian trade with Israel
- BIS studies impact of counterfeit electronics trade
- GT Nexus goes live with system for Brazilian paper exporter
- iGPS adds iDepots to plastic pallet rental system
- Avalon promotes Brown
- FMC reviews 25 OTI license applications
- CMA CGM, APMT to operate Miami box terminal
- MOL's first ship arrives in Jacksonville
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| JULY 9, 2008 |
- Global bunker market report
- Crude oil sees early rebound after large US stock draw
Renewed worries on supply but late trading sees markets relax.
- EU oil stocks to be published weekly
Move aimed at reducing speculative gains in oil prices.
- Rotterdam market continues to fall
- Singapore bunker prices decline in third straight session
Bunker prices at the port are down 3.4% in three days.
- MD resigns from United Bunkering & Trading
Singapore-based firm will be looking for new MD.
- Asia faces fuel oil oversupply
High prices keeping buyers away.
- ExxonMobil sells Yanbu cargo
High-viscosity cargo sold at a discount to Singapore spot quotes.
- $940 million aid to tackle fuel crisis
The European Commission proposes package to help fisheries cope with soaring bunker prices.
- UK split over emissions trading
Minister says government is 'undecided' whether shipping to be included in ETS.
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