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| FEBRUARY 11, 2008 |
Shipping News
- Tanker rates seen to rebound after CNY holiday
The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may rebound next week as Chinese oil companies return to the market after Chinese New Year to hire vessels for loading in March.
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| FEBRUARY 11, 2008 |
- UN agency advances proposed cargo reform towards General Assembly approval
- Yangtze cargo tops Mississippi and Rhine in 2007 throughput
- MOL equips India training centre with bridge simulator
- Nanjing customs to provide convenience for law-abiding companies
- Eimskip sells off aviation business to turn a profit, after 2007 loss
- Melbourne dredging awaits okay from Labor enviornment-minister
- Hamburg container traffic increased 11.6pc in 2007
- Volga-Dnepr moves longest shipment ever from Scotland to Congo
- Aloha teams up with Mokulele Airlines for extra Honolulu services
- UK's Euro GSA contracted by Thomas Cook Airlines to take on cargo sales
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- Shreyas Shipping earmarks Rs 155 cr. capex for fleet addition in 2008-09
- Indian seafarers now have that touch of class-Mitropoulos
- IMO preparing new convention on recycling of ships
- APVN Sarma is new MoS Secy
- UASC names & takes delivery of m.v. Al Safat
- Allcargo handles record number of bonded trucks in Hyderabad
- Trade with Turkey swinging on to fast track
- US announces third review of shrimp dumping duty
- Russia agrees to lift ban on agro products' import
- Mundra port's target 50 m tonnes by 2010
- With CAT's stay, Manoranjan Kumar returns as KPT Dy Chief
- New bentonite loading record set at Kandla port
- Rlys riding high on revenue
- Railways on track of more freight
- 79 more items dereserved
- Non-Basmati rice export ban in force now
- Forex reserves inching up to $ 300 bn
- Nath hints at more export sops in coming FTP
- MPEDA keen on two marine SEZs
- Assocham submits Budget wishlist to Finance Ministry
- Nath wants SEZs' land limit to go
- Interaction with US Senator today
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| FEBRUARY 8, 2008 |
- Cargologic names global head of marketing and sales
- Kalmar launches fully-automated shuttle carrier
- Hainan Airlines to open Beijing-Seattle service
- Ryder System with solid growth
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| FEBRUARY 8, 2008 |
- UK shipping cluster unites against tax changes
- Golden Ocean buys kamsarmax newbuilding contracts
- ITF calls for Nigeria "war zone"
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| FEBRUARY 8, 2008 |
- Superferry moves up drydocking to undertake rudder repairs
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| FEBRUARY 8, 2008 |
- WSF vessel YAKIMA runs into mooring in Bremerton
- Coast Guard to continue high seas weather forecasts
- PDX roadway expansion project has workers removing trees
- Shipping company pleads guilty to dumping oil sludge into ocean
- Railroads continue string of up weeks for freight traffic
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- UK minister warns on non-dom tax plans
CONCERNS voiced by trade and investment minister Lord Jones echoes fears expressed by London shipping groups.
- New York bids to lure London Greeks to new 'shipping capital'
- Grand Union in capesize order spree
GREEK shipowning venture orders six bulkers in South Korea to boost newbuilding programme.
- BLG submits options to tackle ship-source emission
IMO BLG sub-committee set to recommend three options to MEPC to combat ship-source pollution via the use of Secas.
- 'The world is changing, and we need to remain relevant'
THE US Coast Guard seeks to add a contemporary edge to its operations in the 21st century.
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| FEBRUARY 8, 2008 |
- UK tax attack resisted
The Baltic Exchange, Chamber of Shipping, Maritime London and Joint Hull Committee have made a concerted appeal to maintain the UK's non-domicile tax regime
- Shell taps US seafarers
SHELL International Trading & Shipping has agreed to recruit US seafarers for its portfolio of managed LNG vessels
- SCI goes for 3rd-party management
Shipping Corp of India (SCI) has decided to outsource management of ships to private companies
- Incat needs immigrants for shipyard
To try and overcome the shortage of skilled workers available to Australian shipyards, the chairman of Incat has suggested that an increase in immigration might provide a solution
- Exxon takes on Chavez in court
EXXON Mobil has obtained court orders to freeze over $12bn in PDVSA financial assets in retaliation for Venezuela's expropriation of the oil major's Cerro Negro stake
- USCG gets insight into reputation
'CUSTOMERS' of the US Coast Guard find it insensitive to seafarers and less concerned about maritime safety, a USCG survey has found
- Cosco, Evergreen to upgrade ECSA
- B Navi asmits magic pipe charges
- Mucuripe plans $50M cruise terminal
- Asian bunker war turns nasty
- Gazprom cancels Baltic LNG project
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| FEBRUARY 8, 2008 |
- Hapag-Lloyd, Mediterranean Shipping Co. partner on European Express
German carrier restructures its service between North Europe and Greece and Turkey by splitting it into two weekly departures.
- Eimskip ends Boston feeder
- OECD: Major economies heading for downturn
- Peters hears angry panel on crossborder trucking
- Sea Containers drops pension suit
- Savannah terminal open after sugar refinery blast
- Crowley tug aids APL ship
- Kintetsu targeting China, U.S. to boost revenue
- Doha draft irks NAM
- Approval sought for new U.S.-Canada bridge
- Port Tracker expects February imports to decline
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| FEBRUARY 8, 2008 |
- In the bunker
Over the past year or so the price of oil has just about doubled surpassing USD100 per barrel in early Januaary 2008 and on at least one occasion since. At the time of writing Brent Crude was hovering in the USD88-90/barrel range.
- Brazil's Guaruja terminal planned blocked
- H-L joins up with MSC for Europe/East Med link
- DPWN still on a high
- MOL, Azuma and Fesco launch new agency
- DP World is forced to leave Mundra?
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| FEBRUARY 8, 2008 |
- Boxship bagged for $35m
Handysize boxship Mira sold to unnamed German interests, as a German owner sheds a feedership.
- MarAd boss drops Congress bid
Sean Connaughton tells TradeWinds he is staying on as top US maritime policymaker.
- Can't get enough handies
Hong Kong's Maritime Capital Partners has gone for another handysize bulker as the owner emerges as the buyer of the Super Ace.
- Shell wants Americans
To the applause of the US Maritime Administration, Shell will put US mariners on foreign-flagged vessels.
- Oldie sold for $10m
Price tag emerges on a 28-year-old handysize bulker, the Medspiliani.
- SeaRail under threat
Finland to Sweden rail cargo operation may switch from Tallink's SeaWind ferry line.
- Vestland buys Fame
Polish owner emerges as the buyer of a Havila Shipping platform supply vessel.
- Star stalls in fourth
Kristian Siem's Oslo-listed outfit brought back to earth by increased bunker prices, but annual profits jump 23%.
- Danes take tanker
AP Moller-Maersk is reported as the buyer of the Meriom Pride, as a handysize chemical tanker goes for $22.5m.
- Balearia eyes new run
Spanish owner to launch ferry from Motril to African enclave of Melilla.
- Sea Containers strikes pact
Container leasing outfit and ferry owner says it has signed an agreement that is crucial for emerging from bankruptcy.
- Crunch bites five more
Aker has put multiple IPO plans on ice due to turbulent financial markets, CFO Leif Borge says.
- NYK bulker loses power
Handysize which drifted off Irish coast now under tow to port and awaiting spare parts.
- New Irish pay row
Unions seek talks with Irish Ferries and crew supplier over low-pay claims.
- Call that a clean ship?
Aussie ports gang up and play the hard man with Oldendorff-chartered bulker found to have lead dust onboard.
- Two + two a good bet for GOGL
Oslo-listed Golden Ocean boosts its orderbook at Zhoushan Jinhaiwan Shipyard and continues its long-term fixture frenzy.
- And then there were three
The IMO has come down to three final options in its debate on reducing sulphur emissions from ships.
- Royal flush
Italian ISM manager of bulker Windsor Castle pleads guilty in US to illegally dumping waste.
- Cook Islands seeks vessel
Joint venture or Norwegian purchase being considered after storm beaches vital cargoship.
- Incat bemoans skills shortage
Tasmanian yard says 100 vacant posts slowing production of vessels.
- Schluter in OWS woe
Familiar failings make German owner's boxship one of nine held in US last month.
- Azuma hoping for better
Japanese bulker player looking to strong fourth quarter after profit drop in first nine months.
- Fincantieri raising war chest?
Banks suggest Italian yard group is looking at ways to finance takeover of troubled rival Aker Yards.
- IHI off hit list
Japanese shipbuilding and construction firm will not be removed from the Tokyo exchange if it tightens up management controls.
- Kyoei on right track
Earnings in first three quarters soar at Japanese tanker owner.
- Mermaid makes survey play
TTA's offshore unit snaps up oil and gas sub-contractor Seascape Surveys.
- Shinwa Naiko's profits rise
Japanese coastal bulker owner Shinwa Naiko has reported a 22% rise in third quarter net profits.
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| FEBRUARY 8, 2008 |
- CMA CGM finds NEMO a new home in Tauranga
- Partners establish agency joint venture for Japan/Russia route
- Hapag-Lloyd, MSC partner on North Europe/East Med loops
- Italian carrier, chief engineer plead guilty to polluting U.S. water
- SAS Cargo profit plummets in 2007
- Teamsters call for DOT chief ouster over U.S./Mexico trucking plan
- Hub Group reports record earnings
- Report: Transport and logistics M&A deals up, value down
- Caricom joins call for Caribbean trade pact extension
- UTi announces major restructuring
- Siemens awards contracts to DHL
- Port Tracker: Fewer boxes in port evidence of slowing U.S. economy
- NRDC issues pollution ultimatum to Long Beach port
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| FEBRUARY 8, 2008 |
- Bore-newbuildings to be chartered by Mann Lines
The Finnish shipping company Bore has agreed with Mann Lines about a long term charter of two ro-ro vessels on order at Flensburger Schiffbau-Gesellschaft mbH & Co KG in Germany. The newbuildings will have a capacity of 2,900 lane ...
- Scrap yards used by criminals and terrorists
According to the Indian naval intelligence, there is a distinct possibility that terrorists and criminals use and make hefty profits on the activities at the scrap yards in Alang, India. This is claimed in a confidential study, reports the Indian ...
- Rivedance salvage has started
A crane from York has arrived to the ro-ro ferry Riverdance which lies on the beach just outside Blackpool since 1 February. Equipment to stabilize the vessel has been lifted on board and the plan is to right the ...
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| FEBRUARY 8, 2008 |
- Bullish barrels boost bunkers
An about face for crude markets sees US bunker prices also turning around.
- Main engine fuel rules nearly ready
California pushing on with further regulations as stakeholder workshop announced.
- Rotterdam market stable
- WWL fund to support 'high risk' projects
Shipping company will support environmental innovations that might have trouble finding funds elsewhere.
- IMO committee 'narrows the options'
Move to end reliance on residual fuel 'still on the agenda'.
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