 | web site |
| APRIL 11, 2008 |
Shipping News
- Russian billionaire doubles TUI stake
TUI AG, the German tour operator planning to shed its Hapag-Lloyd shipping line, said investor Alexei Mordashov doubled his stake to 10 per cent as the Russian billionaire supports the company's focus on travel.
- Caribbean tanker rates fall on low US demand
Rates to transport crude oil from the Caribbean on Aframax tankers fell 14 per cent amid lower-than-normal demand from US refineries and a dearth of cargoes from the Middle East.
|
 | web site |
| APRIL 11, 2008 |
- TNWA to launch new west Mediterranean (MED) service
- Soaring claim costs transform marine insurance market
- Cosco's China-EU service makes first call at Lianyungang
- Swire, GDF set up cold chain logistics joint venture
- Vladivostok terminal posted 53pc TEU rise in first quarter
- MOL lands provider of the year award from Limited Brands
- Kuehne + Nagel to manage Whitbread food distribution in the UK
- Qingdao-Australia flights to be launched this year
- Spring Airlines launches Shanghai-Urmuqi line
- All Nippon Airways exercises options for two 767-300BCFs
|
 | web site |
| APRIL 10, 2008 |
- Maersk appoints Vos as chief process officer
- Muntwyler leaving DHL Express UK/Ireland
- Emes adds 1,000 reefers to container fleet
- Qatar Airways increases Geneva-Doha flights
- Wide gauge rail line to Central Europe
- Barloworld acquires Flynt International
|
 | web site |
| APRIL 10, 2008 |
- Asian owners worried by EU liability moves
- UK MCA detains 5
- UK MCA strike
- Paccship fined for pollution
|
 | web site |
| APRIL 10, 2008 |
- Two VP appointments at Newport News
- Bollinger delivers third 60,000 bbl barge to Hornbeck
- ABS and Russian Register to develop Arctic LNG rules
- Tidewater eyeing Superior Offshore?
- Aker Yards Germany cuts steel for giant RoPax
- MacGregor buys GoM offshore crane specialist
- COSCO Shipyard Group wins two, loses one
|
 | web site |
| APRIL 10, 2008 |
- Port of Seattle meeting eyes new Central Procurement Office
- Freight Transportation Index holds steady during February
- Horizon Lines vessel earns sea rescue award
- Port of Everett completes environmental program
- The New World Alliance plans joint Mediterranean run
|
 | web site |
| APRIL 10, 2008 |
- Apollo files for IPO
APOLLO Global Management has lined up an initial public offering of potentially $417.5m.
- Apollo is 'voting with its wallet', says Veitch
- Rickmers Maritime gets financing for newbuilding plan
SHIPOWNER secures $627m of debt for $1.3bn of newbuildings amidst global credit crunch.
- Timing crucial in Hapag-Lloyd sale
PRICE could be double amount Maersk paid for P&O Nedlloyd if sale is timed well and catches the peak of shipping cycle.
- The great British ports equity experiment
BRITISH ports have witnessed various ownership structures, including infrastructure funds. So which structure is best?
- Light at the end of it
AFTER a long dark journey, the Eurotunnel has finally given shareholders something to celebrate.
|
 | web site |
| APRIL 10, 2008 |
- Yards endorse Posco price hike
KOREAN shipbuilders have expressed relief at Posco's latest steel plate price rise being in line with expectations.
- Wins and losses for Cosco yard
SHARES in Cosco Corp, the Singapore-based shipbuilder and repairer fell 15% today following news that the Chinese shipbuilder and shipowner had lost a large rig contract
- Dolphin's new shipyard for Gujurat
DOLPHIN Offshore has got the green light to set up a shipyard at Jafrabad in Gujarat
- Argentina clears beef exports
BEEF exports are set to resume after Argentine Customs cleared around 60 containers detained at several BA terminals
- Thoresen raises equity holdings
THORESEN Shipping Singapore (TSS), a wholly owned subsidiary of Thoresen Thai Agencies (TTA) has increased its share capital in TTA
- New minister to probe Klang scandal
MALAYSIA'S new Transport Minister is pledging to re-open the PKFZ issue once investigations into the scandal are completed.
|
 | web site |
| APRIL 10, 2008 |
- Grand Alliance starts European service
Hapag-Lloyd, NYK Line, OOCL and and MISC Berhad to launch weekly EU5 service connecting Asia and Europe later this month.
- Equity firm invests in Intermarine
- House delays Colombia pact, drops 'fast-track' rule
- U.S. trade gap widens despite rising exports
- NIT League names Marad's Carlton as new chief
- NY-NJ Express Rail passes 3 million containers
- U.S. business pushes for transportation investment
- BNSF expands Seattle port intermodal hub capacity
- Eight Atlantic hurricanes forecast for 2008
- U.S. fuels Canada trade surplus in February
- French ports face strikes
|
 | web site |
| APRIL 10, 2008 |
- Slow progress for MSC Lugano
- Shipyards to suffer as South Korean steel maker hikes prices by 18%
- Crossrail acquires licence to operate in Italy
- New rail venture agreed for CIS
- Grand Alliance confirms EU5 loop to start next week
|
 | web site |
| APRIL 10, 2008 |
- China can deliver
After visit to the country, a Lazard Capital Markets analyst expresses confidence in the orderbook at China's emerging shipyards.
- Tanker crewman dies
Man falls overboard from an Interorient Navigation chemical tanker at Felixstowe, England.
- Is that a tank ship?
In response to the Cosco Busan, California legislators are considering a package of bills that include redefining some nontank vessels as 'tank ships'.
- DVB Bank unveils capital push
German shipping bank prepares a $237m stock issue and a move to form a Europe-wide entity.
- Class societies in LNG link
ABS and the Russian Maritime Register of Shipping shake hands to develop joint rules for Arctic LNG carriers.
- Siem readies $6m takeover
Norwegian shipowner buys the right to take majority stake in Stavanger-based WellCem
- Rina races ahead
Italian class society sees full-year profits rise by 25%, with the cost of the Erika ruling yet to appear on its books.
- ThyssenKrupp in yard sale
German giant hives off loss-making Nobiskrug facility as subsidiary restructures.
- Potomac pulls out
New York investment firm that once held 10% of Rand Logistics reports that it has no shares in the Great Lakes owner.
- IHI shy
Troubled Japanese yard group sees annual net profit fail to match expectations but still makes it into the black.
- Cosco talks tough on deposits
Share-price slump of over 15% amid pledge from yard group president that there will be no repeat of Red Flag order cancellation.
- Mercator follows Essar's lead
Indian owner planning $1bn bulker and dredger spree in response to similar pledge from rival.
- EU pair eye Croatian yards
Two European shipbuilders looking to buy loss-making Croatian rivals as Balkans state aims to cut subsidies.
- Cancellation hurts Cosco
Singapore-listed shipbuilder sees stock suffer biggest fall in seven years after pulling plug on $200m project.
- India to pump $16bn into ports
Shipping secretary will use cash to double capacity by 2012 with inland waterways also in for a treat.
- Smit inks Pakistan contract
Dutch salvage and towage group wins deal from Port Qasim Authorities for work at LNG terminal.
- Thoresen shuffles the pack
Thai owner lifts share capital in Singapore unit to cover cost of newbuilding quartet.
- Napoli work to start today
Salvors are set to begin work to remove the final stern section of the former Zodiac containership.
|
 | web site |
| APRIL 10, 2008 |
- FMC commissioner says it's time to talk tariff reform
- UNCITRAL posts draft treaty
- Grand Alliance starting new Asia/North Europe loop
- Great Wall Airlines appoints operations chief
- Roadway launches expedited ocean service from China
- House Democrats create roadblocks for Colombia trade pact
- MarAd official Carlton to lead NIT League
- CEVA parent plans stock offering
- Dole to sell assets to cover debt
- Panalpina starts air cargo service Palmair to Latin America
- FMC reviews 8 OTI license applications
- India's ports need doubling of capacity, $25 billion in investment
- Vallarpadam terminal could face delays over land acquisition problems
- Yantai terminal opens gate for container freight stations
- Transcripts: Busan pilot confused before bridge strike
|
 | web site |
| APRIL 10, 2008 |
- Schoug becomes first RCL vice president for newbuildings
Christer Schoug has been appointed by Royal Caribbean Cruises as vice president of newbuildings. Schoug is currently managing director of Stena Ro-Ro and deputy managing director of Stena Rederi. The vp of newbuildings is a new post in the ...
- Lack of attention from all parties caused the grounding
The grounding of the crude oil tanker Minerva Concert in the Hatter Barn Channel on May 14 2007 was caused by lack of attention by the pilot, the captain, the second officer on duty and by the lack of communication ...
- Removal of final stern section of MSC Napoli started
On 10 April the removal of the final stern section of the MSC Napoli started. Clean-up contractors will be in place throughout the five month removal operation. Once the the stern section is removed, full underwater surveys of the ...
|
 | web site |
| APRIL 10, 2008 |
- Bunker market report from Praxis
- Trader joins SBI's Greek office
- Algeciras accepts compensation for bunker spill
- One in five samples below 1.5% sulphur
Global average bunker fuel sulphur content skewed by disproportionate number of low sulphur samples.
- Rotterdam market firming
- US bunker spill driving legislative changes
Californian legislators want swifter response to oil spills following Cosco Busan clean up problems.
- Prompt Venezuelan cargo 'not what Singapore needs'
- Singapore: Onshore fuel oil and distillate stocks fall
- 'Bunker levy' wins support
Proposal to go through to next round of IMO discussions on greenhouse gases.
- Shortage of 180 cst product at Indian ports
Supply disrupted by refinery shutdown.
- Hong Kong shipowners 'pleased' with IMO proposals
HK shipowners welcome IMO's proposals, but raise concern over 2020 target date for global 0.5% sulphur cap.
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
