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| MARCH 11, 2008 |
Shipping News
- Norden's 2006 profit quadruples
D/S Norden A/S, Denmark's biggest operator of commodity ships, said that full-year profit almost quadrupled as freight rates advanced to a record.
- Clients join in Keppel's safety efforts
A COMMITMENT to safety and collaboration with major clients helped Keppel Shipyard achieve a low 0.24 accidents per million man-hours worked in 2007.
- Vietnam troops clean oil off beaches
Thousands of Vietnamese troops on Sunday helped clean oil off southern beaches as rescue workers sought to contain a spill from a capsized tanker and recover the bodies of nine more sailors, officials said.
- China port company to boost investment assets to 100b yuan
- Australia coal port cuts Q2 allocations
- UK navy lays wreath over war relic
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| MARCH 11, 2008 |
- US container leasing giant TAL suffers 77pc profit drop in Q4
- Work on container terminal at St Petersburg slated for 2H08
- Xinjiang to build two roads to Central Asia
- Europe overtakes Asia as Yiwu's top buyer
- PSA seeks Delhi's approval for 49pc stake in Kandla terminal
- Maersk to drop Tanjung Pelepas from Emma Maersk run
- High fuel costs make barges more attractive than trucks to Fraser Port
- GAC India opens 3PL facility in Bhiwandi for Mumbai market
- China Southern, Air France-KLM to form air cargo JV
- National Air Cargo CEO implicated in over-billing Pentagon
- National Forwarder ships longest air cargo consignment
- India's Jet Airways signs Rutges Cargo to handle trucking in Europe
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| MARCH 11, 2008 |
- Top 3 global majors to launch common service between Taiwan, Hong Kong, China and US West Coast
- Yantian welcomes maiden call of Evergreen's new East Med service
- Maersk Line to revamp Far East-MidEast service loops
- Evergreen's NSA service starts to call at Nansha
- WTSA to boost rates to recover US-Asia fuel costs from April
- OOCL revenue soars by 22 pc to $ 5.6 bn, operational profit by 29 pc
- Famous Pacific Shipping names Oliver Ward as Group Exec. Director
- Delmas Singapore B/Ls to switch to CMA CGM
- Europe West Indies Line purchased by Matrans
- Wiseport, wireless broadband network for ships in port launched
- Los Angeles portrayed as investor's paradise
- Indo-Japanese trade projected to swell to $ 15 bn by 2010
- Fiscal flashing to photo finish!
- RIJA deftly lifts four 195-tonne giant cargoes at Mumbai Port
- JNPT Managers win the tournament again as MANSA plays the gentleman's game
- Crude oil basket at record $ 98.17 a barrel
- NTC, showrooms to be revived, says Minister
- In 42 years, India's economy will be close on US' heels, projects PwC report
- CEOs project 8-8.5 pc GDP growth in CII poll
- Exporters' hopes now rest on Nath's FTP-Fieo chief
- Commerce Secy pitches for continued export sops to seafood, textile, leather sectors
- 20 pc export growth may be maintained in 2008-09, feels Economic Advisor
- Dollar at nadir against major currencies
- Indo-German Chamber may set up technical training institute in Pune
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| MARCH 10, 2008 |
- Deutsche Post makes organisational and board changes
- Dalgaard and Singh new DP World executives
- CMA CGM orders new container/ro-ro units
- Emirates SkyCargo reintroducing Vienna full-freighters
- Port of Marseille's rail connections to be improved
- Röhlig generates record revenue and profit
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| MARCH 10, 2008 |
- Greek-owned fleet booms
- EMSA to expand spill response fleet
- Chemoil expands in Fujairah
- Busan Port in Dafeng deal
- Golden Ocean's lucrative bulker charter
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| MARCH 10, 2008 |
- Northrop Grumman fills two more key shipbuilding jobs
- Antitrust approval for Royal Caribbean TUI cruise JV
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| MARCH 10, 2008 |
- Port of Astoria looking for applicants for port commisioner
- Washington State Ferries testing biodiesel fuel
- NYK provides free shipping for wave-powered vessel
- Port of Everett project going back to bid process
- Washington Ecology Department checks shoreline for mystery canisters
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| MARCH 10, 2008 |
- Barge 'drifted close to three other vessels'
COURT told Korean barge that collided with Hebei Spirit was heading towards three bulkers anchored in the same area.
- SHI finally stumps up for oil spill fund on eve of court proceedings
- Evergreen eyes APM Terminals' Virginia terminal
DANISH-owned ports operator set to start serving Taiwanese line at brand its new US east coast facility in Virginia.
- Wild weather batters Europe
SHIPS in much of western Europe were forced to endure the worst storm of the winter, with conditions predicted to get worse.
- Sharing the seas
IT IS interesting to reflect how our view of the oceans has changed in recent years.
- Breaking down barriers
IT IS observed that when the shipping industry gathers together, we appear invariably too old and usually too male.
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| MARCH 10, 2008 |
- NCL passes out pink slips
Norwegian Cruise Line (NCL) is laying off an unknown number of staffers in Miami
- Norden optimistic after bumper 2007
DS NORDEN, the listed Danish bulk shipping company, is forecasting an increase in profit this year after it unveiled a 2007 profit five times higher than that of the previous year
- USCG plucks five from gambling ship
FIVE mariners from the US flagged gambling vessel SunCruz 9 were rescued Saturday by a USCG helicopter crew after the vessel broke its tow line in heavy seas
- Queen report expected Wednesday
CANADA'S Transportation Safety Board intends to release its report on the sinking of the Queen of the North on 12 March
- Study supports US coastal trade
PROPONENTS of a short-sea shipping system in the US are hoping a recently released study on inland waterway freight transportation will translate to near coastal trades
- Kent seeks compensation from France
WHILE progress is being made on resolving the SeaFrance dispute involving its ship's officers a return to work is not in prospect yet, and Kent County Couincil wants compensation for financial losses
- Cyprus owner in Bahrain box venture
- High winds hit ferry services and ports
- Tanker grounds in high winds
- Shipping counts stowaway costs
- Trading halts in Malaysia's bourse
- Bodies recovered from sunken tanker
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| MARCH 10, 2008 |
- Hapag-Lloyd suitors jockey for position
Will the German carrier be spun off? Merged with TUI or Hamburg Sud? All are possibilities, according to industry reports.
- TACA holds the line on surcharges
- Kuehne & Nagel profit slumped in 4th quarter
- Shippers back cross-border trucking program
- Panalpina names CFO
- EPA unveils green port strategy
- Carriers pressure Nehru on dredging
- French dockworkers suspend strike
- Port of Seattle lifts moratorium on projects
- Cargolux hikes fuel surcharge
- German trade surplus exceeds forecasts
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| MARCH 10, 2008 |
- ICG profits soar 34%, despite takeover distractions
- Denholm boosts Chinese presence with Arends acquisition
- NCC boxes up 24% in first two months
- French ports 48-hour strike suspended
- L&T to develop port in Gujarat
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| MARCH 10, 2008 |
- Danaos net takes a jump
US-listed containership owner sees fourth-quarter profits swell by 46.1% on a larger fleet.
- Oil spill hits Vietnam
A week after a tanker capsized, Vietnamese troops are cleaning oil off beaches nearby.
- Job cuts hit NCL
Citing Hawaii troubles, Norwegian Cruise Line parent cuts employees in its Miami headquarters.
- Chemoil launches in Fujairah
Singapore-listed bunkering outfit begins taking deliveries in Fujairah, giving it a presence in top three bunkering ports.
- Insurers to pay $256m
A Dutch dredging company gets a record EUR 167m for a collision between a boxship and a mega hopper.
- Vale signs more deals
Brazilian miner Vale continues to sign pricing agreements in closely watched iron ore negotiations.
- Container held marijuana
US customs officials find $1.41m worth of a 'green leafy substance' in a container in Charleston, South Carolina.
- Gotland struggles
Annual operating profit lower at Swedish tanker and ferry group as costs rise.
- Storm beaches ship off France
Attempt to re-float Dutch ship at high tide on Monday as it grounds on popular French beach.
- Japan holds 25
Three vessels detained in February for oily water faults, including two operated by Sung Je of Korea.
- Fidelity reveals Genco slice
US investment advisor reveals that it owns 12.7% of Genco Shipping & Trading shares after nearly doubling its stake in a month.
- Jinhui back on the horse
Bulker owner inks panamax in Japan less than a month after calling a halt to further newbuildings.
- Coustas cashes in
Danaos banks profits of $5.5m following the sale of a 30-year-old boxship.
- Shinsung lobbyist indicted
South Korean authorities hold man after he and three others are accused of taking kick-backs from Busan-based owner.
- Winds batter tanker in Channel
Fully-laden Swedish vessel seeking refuge of Southampton as anchor drags and rudder malfunctions off Isle of Wight.
- QE2's near-miss revealed
Cunard liner forced P&O ferry to slow down as the two converged in Dover strait.
- Fredriksen nets $34m
Golden Ocean ties up panamax on a long-term deal to continue this year's fixture frenzy.
- SCI linked to ABG tie-up
India's serial joint-venture pursuer now reportedly looking to form yard operation with domestic builder.
- One missing from Costa ship
Major search mission off Florida as 'angry and agitated' woman leaps from Italy-flagged cruise ship.
- Dale takes Havila seat
Banking veteran steps into the CFO's berth following the resignation of Nils Peter Skeide.
- ICG on the up
Ferry and container earnings increase as Eamonn Rothwell-led group lives up to market expectations in 2007.
- Bulk boom boosts Norden
Danish operator exceeds annual net profit forecast as Chinese demand pushes dry-bulk rates up in 2007.
- Odys vies for Svitzer order
Gdansk shipyard in running to build four tugs for Danish owner in deal worth $26m.
- Green light for cruise venture
TUI and Royal Caribbean win European approval for new German-focused operation.
- TUI in turmoil
Hamburg council wants tie-up of Hapag-Lloyd with Hamburg Sud, while Fredriksen aiming to band together minority shareholders.
- BLT held back by costs
Indonesian tanker owner's 2007 profit dwindles on loss from hedging deals.
- SapuraCrest back in the frame
Seadrill, Fredriksen's offshore drilling operation, resumes acquisition of Malaysian firm's shares.
- FreeSeas fixes pair
Ion Varouxakis-led bulker player secures a year of employment for each of two new acquisitions.
- CMB snaps up more Clarkson
Belgian tanker and dry bulker owner increases its shareholding in its favourite shipbroker.
- NOL makes strong start
Singapore liner operator sees hefty year-on-year rise in volumes in first trading period of 2008.
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| MARCH 10, 2008 |
- Singapore tweaks laws to encourage more maritime finance activity
- BA World Cargo to raise fuel surcharge
- Cathay to serve Hanoi and Dhaka
- Strauss joins Delta Cargo from Northwest
- Kuehne + Nagel's 2007 profit up 16%
- Haitian customs troubles blamed for rotting food aid
- YRC Logistics names Friedlander managing director for Asia
- CargoGulf opens first U.K. office
- EPA announces ports action plan
- Virginia legislature calls for port privatization study
- SoCal ports see major declines in vessel activity for Jan.-Feb
- China Merchants planning 29 new terminals by 2010
- COSCO Pacific to up stake in Chinese container maker
- FMC's Anderson says more Florida dock space needed for increased trade
- Drugs seized at Charleston, S.C. port
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| MARCH 10, 2008 |
- Havyard eyes Aker Yard boardroom
As a new large shareholder in Aker Yards, Havyard Invest has requested an extraordinary shareholders' meeting to elect a new board of directors. The ordinary shareholders' meeting in Aker Yards is set to 25 April, and in a statement, Aker ...
- The best year ever for Port of Esbjerg
Port of Esbjerg had the best year since it became a limited company. In 2007 the cargo turnover reached an all time high of 4.6 million tons, which was up six per cent from the previous year. The growing ...
- Socol 3 still held in Halmstad
The St Vincent & Grenadines-flagged dry cargo vessel Socol 3, is still detained in Halmstad on the Swedish west coast after large amounts of poorly secured timber carried on deck were lost over board in 'resund last week. The vessel ...
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| MARCH 10, 2008 |
- Seventh straight surcharge increase by Matson
Fuel costs again boosting additional charge to record level for shipowner.
- Sulphur options 'still up for discussion'
Source close to IMO says bunker fuel recommendations 'evolving', nothing 'cast in concrete'.
- Chemoil 'ups the stakes' in Fujairah
Company radically increases planned capacity at Fujairah terminal as CEO repeats 'ambitious yet realistic' aim to seize 'sizeable' share of bunker market.
- Rotterdam market quiet
- Storage gives Chinese oil major leverage
PetroChina 'swing supplier' in Singapore fuel-oil cargo market.
- Mexican oil ports re-open
Crude still bullish on cold snap and weak US dollar, but prices kept stable as Mexico supply disruptions ease.
- Singapore broadband could 'revolutionise' bunkering
System will allow bunker barges to access, view and plan schedules online
- 'Universal' cylinder lube more widely available
Total Lubmarine says new cylinder oil helps shipowners cope with sulphur changes.
- Japan: Retroactive bunker price edges higher
February bunker fuel price up slightly from month-ago levels but up more than 50% from last year.
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