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| FEBRUARY 12, 2008 |
Shipping News
- Port Klang Free Zone secures 4 new investors
Port Klang Free Zone Sdn Bhd (PKFZSB), the manager and marketer of the RM4.6 billion (S$2 billion) free zone in Pulau Indah, Selangor, has secured four new investors, bringing the total confirmed investment since its inception in November 2006 to RM734 million, says a report in Malaysia's Business Times.
- Hyundai Heavy gets 1.28t won order for ships
Hyundai Heavy Industries Co, the world's largest shipbuilder, received a 1.28 trillion won (S$1.92 billion) order from Europe for eight large-sized container vessels, its biggest contract in more than a year.
- M'sian shipbuilder eyes RM500m worth of deals
NGV Tech Sdn Bhd, a low-profile shipbuilder, is in the final stages of negotiating contracts worth RM500 million (S$218.7 million), Malaysia's Business Times reported quoting its managing director.
- Tanker rates may stem week-long decline
- Nippon Steel plans 10-20% price hike, says report
- Hanjin plans 55.3m euro Spanish terminal
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- Maersk drops dollar to denominate Europe-to-Oceania trades in euros
- CMA CGM drops Auckland for Tauranga in Nemo service change
- EC antitrust inspectors raid ship classification societies
- Hanjin Shipping profit plunges 66pc in 2007
- Newspaper reports Mombasa congestion problem all but licked
- MOL holds safety conferences in Mumbai and Manila
- Dubai World to help develop Russia's supply chain infrastructure
- US airlines suffer slower domestic freight growth
- United Airlines reports flat January traffic volume
- SAS prepares to divest or distance itself from cargo handling unit
- Airbus A380 completes test flight with alternative aviation fuel
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| FEBRUARY 12, 2008 |
- AMET, India's 1st maritime varsity formally launched
- SCI takes fancy to logistics business via JV route
- SKS Logistics Q3 profit soars by 80 pc
- GAC spells out five-year growth strategy, unveils new logo
- MAERSK Line to start new intra-Asia service
- Evergreen Line & MAERSK Line enter into slot swap deal on Asia-Europe trade
- Shekou Container Terminal welcomes two new services
- Zim keen to buy Salonica port
- AADA drops peak season surcharge
- U-Ocean starts consolidation services from US to HK
- China plans a blast for new ship channel on Yangtze
- Maltese govt extends CMA CGM's terminal concession to 65 years
- Former A.P. Moller veteran joins Thome Ship Mgt as MD
- First ship naming for Hamburg S'd in New Zealand
- INTTRA expands presence in Thailand
- Vizag Port exceeds 2006-07 record in fertiliser handling in 10 months
- Capt. Mohan panel invites stakeholders' suggestions
- $ 500-m ADB loan sought for Rlys expansion
- Rlys not to provide guarantees of payments by users to wagon lessees
- Growth to slow down; investment to pick up
- Commerce Ministry places riders to signing FTA with China
- Sugar exports may total 3 m tonnes by Sept.
- Revised WTO drafts unsuitable for India-Ficci
- Kamal Nath warns against NTBs on exports
- Chennai-B'lore-Mumbai industrial corridor under study
- Assocham spells out benefits of rupee rise for Corp. India
- Innovation seen essential to development
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| FEBRUARY 11, 2008 |
- Wincanton names new director of business development for Germany
- Hapag-Lloyd restructures North Europe service to Greece and Turkey
- Menzies Aviation expands in South Africa
- DSV to sell stake in Tollpost Globe
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| FEBRUARY 11, 2008 |
- IMO narrows the field on emissions
- IMEC acting on war zone call
- Waterways Council "disappointed" by budget
- US starts eLoran implementation.
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| FEBRUARY 11, 2008 |
- LNG tanker adrift off Cape Cod
- AHL starts construction of Jones Act tanker series
- HHI wins $1.35 billion box ship order
- $100 million investment at Scottish shipyard
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- Shipper to crew LNG fleet with US seafarers
- Longtime Crowley employee Dick Simpson dies
- Crowley awards scholarships to Webb Institute students
- Northwest marine terminal group names new slate of officers
- Truck safety numbers break records during '06
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| FEBRUARY 12, 2008 |
- NOL eyeing M&As, stays mum on Hapag-Lloyd
CHIEF executive says NOL is prepared to take an active role in the shipping industry consolidation.
- Devil in the detail as NOL-Hapag merger talks reach stalemate
- Upbeat NOL reports 44% jump in profits
APL'S parent reports a net profit of $523m and revenues totalling $8.1bn.
- Ukraine clears the way for economic success
UKRAINE'S impending entry into the WTO will present its shipping and port concerns with the chance to shine.
- Manual labour
IT MIGHT focus people's minds if a port state inspector detained a ship because its manuals were incomprehensible to its crew.
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| FEBRUARY 11, 2008 |
- NCL chops US-flag service
Norwegian Cruise Line (NCL) will pull a second ship from its embattled US-flag Hawaii business, leaving just one remaining vessel
- Hanjin orders eight box giants
HYUNDAI Heavy Industries in South Korea has reported to the Korea Stock Exchange that it has won an order for eight 13,100teu container ships
- Genoa's new boss loses patience
THE new president of Genoa Port Authority is demanding compensation and threatening to sue over delays at the Voltri terminal
- Gozo ferries triple profits
GOZO Channel Co has announced a record 182% rise in profits, despite carrying only seven per cent more passengers and eight per cent more vehicles
- Helcom to back tougher SOx limits
- Third attempt to sell Taiwan yard
- "Ugly" tanker market for 2009
- Sinking wreck prompts UK-Spain row
- Apollo has new NCL partner
- US Shipping continues slide
- Exxon freeze spurs Chavez threat
- Shipbreaking said to fund terrorism
- Two more LA users leave for LB
- Undercutting forces SCI out of US
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| FEBRUARY 11, 2008 |
- TACA lines hold fuel, currency fees
No increase in bunker fuel or currency charges by trans-Atlantic lines for traffic moving to and from U.S. East Coast, Gulf ports.
- Trade opposes 'first sale' plan
- Public-private deals could benefit highways: GAO
- U.S. wins EU banana case
- Rail boxes slow decline
- UTi restructuring
- Art Novacek, shipping executive, dies
- U.S. woes cool Mexico auto production in 2007
- Carbon calculator offered by CSX Transportation
- JAL cargo revenue falls on weaker U.S. traffic
- India throughput up 12%
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| FEBRUARY 11, 2008 |
- Java terminal berthing hindered by gas pipe installation
- Brazil set to ride out the sub-prime storm
- GSL staggers Tasman debut
- Hanjin the choice to develop Spain's Algeciras terminal
- Protesters mar Melbourne dredging start-up
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| FEBRUARY 11, 2008 |
- Battle for Broadwater
Shell and TransCanada plan an offshore LNG terminal in the waters between New York and Connecticut, but the idea doesn't float with some around Long Island.
- Fund gets gassed
Boston asset manager reports a 10.4% share of Harry Vafias-controlled LPG player Stealthgas.
- US buyer takes tweens
Unnamed US shipowner buys up trio of 22,400-dwt tweendeckers for $87m.
- Bank reveals Arlington stake
Bank of America reports a more than 10% stake in US-based Arlington Tankers.
- General Maritime inks two
US tanker owner reportedly orders a pair of aframaxes at South Korea's Samsung Heavy Industries.
- Multiple detainee sold
A general cargoship with a history of detentions has been sold to Turkish interests for $10m.
- US Shipping sees volatility
US tanker owner's stocks decline after the company says the ITB fleet will see increased volatility in 2008.
- More geld for Gard
Norwegian insurance group adds another $66m to reserves through the first nine months.
- Navios Partners exercises
Executives for the Navios Maritime Holdings spin-off say the company will exercise a purchase option to buy the chartered-in capesize Fantastiks.
- Ex-transport minister arrested
Officials in the Ukraine say former transport minister Nikolai Rudkovsky has been officially detained despite kidnap claims from his press secretary.
- Lisin takes port reigns
Russian steel magnate snaps up a 97.1% holding in the Port of St Petersburg for an undisclosed fee.
- Loans bite USSP
New York-listed owner sees full-year profits fall and fourth-quarter losses widen as interest payments take their toll
- Spain enflamed
Andalucian regional government to seek civil action against owner and insurer of New Flame over possible spills.
- Herning tanker grounds
Hanne Theresa reported to have got into difficulty off Russian island of Vysotsk, but no pollution or injuries.
- Two more attacks in Nigeria
One rating killed as gunmen target NLNG and Total vessels around Bonny.
- Carnival chief cashes in
Micky Arison nets 33% increase in income during 2007 despite his basic salary staying the same.
- ESL bulker docked for repairs
Finnish-owned vessel damaged after touching bottom off southern Norway.
- Star helps Tallink shine
New vessel on the shuttle service between Finland and Estonia helps Baltic ferry giant offset the departure of the Sky Wind (built 1986).
- Navios spin-off banks profit
NYSE newcomer Navios Maritime Partners makes $1.6m in last 46 days of 2007.
- Worker dies in fall at US port
Twenty three-year-old Mexican dock worker killed after falling into hold of vessel in New Orleans.
- OPEC eyes euro switch
Organisation may dump the struggling dollar due to growing pressure from members, secretary general warns.
- New Flame finally snuffed
Greek-operated bulk-carrier which was partially submerged off Gibraltar since August said to have all but sunk.
- Marine Capital lures UK investors
Eclipse Shipping becomes country's first shipping investment vehicle, seeking 25% returns.
- HHI seals huge boxship order
Korean yard wins deal for eight massive vessels from MPC of Germany, its biggest contract for a year.
- SCI ready to outsource
Indian state owner offering 30 ships for management as crew shortage bites.
- SCI wants bigger bulkers
State-owned Indian line will splash $500m on bulk carriers to cash in on home-fueled dry-bulk boom.
- Five-year plan for Chernomorsky
Ukrainian shipyard aims to turn out 48 ships, plus boxship hulls, worth $1.4bn to 2013.
- C&HI wins bulker order
Unidentified Asian player signs for a quartet of bulk-carriers at South Korean yard.
- Prepare for boarding
Commuters left to scramble on to replacement ship after latest Sydney Ferries breakdown.
- Greek owner held in drugs bust
Athens businessman and nine crew held after 3.5 tonnes of cocaine found on cargoship off Africa.
- Hanjin wins Algeciras deal
Korean containership operator finally confirms that it has won the race to operate Spanish terminal.
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| FEBRUARY 11, 2008 |
- FMC budget request nearly $24 million
- Bernuth scaling back planned fuel surcharge hike
- Cathay Pacific to resume Colombo flights
- ALTA names executive committee
- YRC to cut 1,100 workers, shutter 27 service centers
- Large trucks involved in fewer fatal accidents on U.S. roads in 2006
- Inland waterway interests honor Oberstar
- CSX launches Carbon Calculator
- Duluth-Superior sees volumes climb despite low water
- India Competition Commission to focus on airlines, manufacturing sectors
- Newgistics purchase takes it beyond returns
- NRS opens cross-dock facility
- Hanjin wins bid for Spanish container terminal
- Marseilles-Fos set for oil growth
- Kalmar opens Mexican sales office
- Valenciaportpcs.net strengthens INTTRA ties
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| FEBRUARY 11, 2008 |
- Maersk Line change from USD to EUR
Maersk Line has for the first time decided to change from USD to EUR in currency for transport of containers in the network. As from April 1, 2008, EUR will be the official currency for containers on the Europe ' Oceania ...
- Successful fight of fire on ro-ro vessel
Dutch and Croatian firefighters were during the weekend able to board the Turkish ro-ro vessel Und Adriyatik that caught fire on Wednesday off the Croatian coast on a voyage between Istanbul and Trieste. The fire has been extinguished and ...
- Tons of cocaine in drug bust on cargo vessel
After a multi-national police and coast guard co-operation by authorities in Greece, France, UK, USA and the European police agency Europol, French police could board the Panama-flagged coaster Junior some 150 nautical miles off Conakry in Guinea ...
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| FEBRUARY 11, 2008 |
- Indian fuel oil cargo heads to Fujairah
Vitol reportedly buys 30,000 mt of residual product as Middle East supply tightness continues.
- San Torini 'insisting' on fuel removal
Islanders want owners of cruse ship that sank last April to remove fuel from the wreck.
- Setback for emissions trading
IMO working group notes complexities and unsolved legal questions.
- Rotterdam's bunker sales stagnating
Low sulphur fuel volumes doubling but overall marine fuel sales virtually unchanged in 2007.
- Rotterdam market firming
- Sulphur decision 'on hold'
'Tremendous importance' of issues makes IMO sub-committee cautious.
- Crude to stay high until April
OPEC president predicts firm oil prices during Q1 despite 'sufficiently supplied' market.
- Chemoil: New staff for marketing team
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