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| MARCH 13, 2008 |
Shipping News
- Freight futures sizzle as banks, funds tap growth
Freight futures more than doubled last year on record prices to ship commodities and could grow another 20 per cent this year as more banks and hedge funds, stung by the credit crisis, fish for profits.
- Demand to keep dry bulk rates firm
Port congestion and strong demand from China and India should help dry bulk shipping rates stay strong throughout 2008, the top executive of dry bulk shipper Star Bulk Carriers Corp said on Tuesday.
- Mitsubishi Heavy aims to double shipbuilding profit
Mitsubishi Heavy Industries Ltd, Japan's third-largest shipyard, aims to more than double earnings from its shipbuilding operations next fiscal year, helped by demand for vessels to carry goods to and from China.
- Tanker leaks oil after collision off S Korea
- Bookings may halt slide in Persian Gulf tanker rates
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| MARCH 13, 2008 |
- MOL to offer three Asia-Middle East services from April
- Hamburg handles 9.9 million TEU, up 11.6pc after Elbe dredging
- Lemissoler plans to buy eight box ships to increase fleet to 13
- Nacala port in Mozambique to build container terminal
- Georgia Ports Authority finishes TWIC security enrolment process
- US railway lowers container rate for wheat, soybeans, corn, beans
- CargoGulf sets up first UK office after operating through agency networks
- Chengdu Air Logistics Park to open inspection centre
- WFS names new senior VP for North America cargo operations
- CAAS expansion of Singapore's Budget Terminal will double capacity
- Despite global airfreight wobbles, Boeing bullish on growth
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| MARCH 13, 2008 |
- Power-packed multimodal logistics conference in Delhi next month
- Maersk Line upgrades MECL2 service
- EEPC expecting a 'fair' deal in St Petersburg
- China replaces US as India's largest trading partner
- Rubber exports catapult by 1,500 pc!
- Shipping Secy makes maiden call at Vizag Port!
- GMB issues LoIs to L&T to develop Sutrapada, & to IL&FS for Khambhat port
- Tuticorin Port on verge of crossing fiscal handling target of 20.38 m tonnes
- Transcare zeroes in on Vallarpadam for distribution park site
- Jet inks deal with Rutges Cargo to handle European road freight
- GAC India opens 3PL facility at Bhiwandi
- Forex reserves cross $ 300-bn mark
- Need to step up trade & investment with UK stressed
- Nath hints at relief for exporters in FTP review
- List of sensitive commodities for exchange with Japan getting ready
- DEPB scheme's extension awaits govt's word
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| MARCH 12, 2008 |
- EGSAC appoints new president
- Maersk upgrades Middle East-US east coast service
- AF-KLM offer for Alitalia is on the table
- Trans-Eurasia Logistics launched
- DSV reports good financial year 2007
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| MARCH 12, 2008 |
- ABS, PRS in co-op deal
- UK goes ahead with "non-dom" taxes
- UK's U-turn on tonnage tax
- "K" Line boost Asia-S America services
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| MARCH 12, 2008 |
- Canadian TSB issues final Queen of the North report
- California to again enforce auxiliary engine reg
- ABS and Polish Register to cooperate
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| MARCH 12, 2008 |
- Port of Seattle net income jumps 66 percent during 2007
- NAFTA trading partners report gains during year
- Mitsui to begin marketing large range product tankers
- Horizon Lines introducing fuel cost recovery programs
- Orient Overseas reports increase in profits for 2007
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| MARCH 12, 2008 |
- Darling delivers non-dom tax blow
UK chancellor Alistair Darling's budget announcement will see many shipowners lose their tax-free status.
- Budget boost to North Sea industry
- ABS teams up with Polish Register of Shipping
DUAL classification and co-operation in specific research will be important features of the liaison.
- Cruise sector will survive economic slump
INDUSTRY in good shape to weather downturn despite gloomy forecasts, say Seatrade conference speakers.
- Coal buckets and spades
THE coal industry is not given the importance it deserves in Colombia.
- Anticipating French force
IT does not bode well for the coming year, with the expectation of a lot more industrial aggravation in the French workforce.
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| MARCH 12, 2008 |
- London howls after tax disaster
London's status as an international maritime centre has been caused "huge damage" by today's changes to the UK's non-domiciled resident tax regime
- Spanish arrest Ukrainian vessel
THE Ukrainian vessel Newfane has been arrested in the Spanish port of Castellon following ITF action on unpaid crew
- South China Sea dispute looms
A violent confrontation in the South China Sea over the mineral-rich Spratly islands can be avoided if all the parties commit themselves to a diplomatic solution
- US warns on climate change
MORE hurricanes, melting ice caps, torrential rains and rising sea levels are in store for the ocean transportation sector, according to a study released yesterday by a blue ribbon committee
- Melchiors forced out of Bimco
BIMCO's secretary general Carsten Melchiors has been forced out of his job as the head of the world's largest shipping association following boardroom disagreements
- Credit crunch hits newbuilds
- Vessel seized after onboard dispute
- Ore surge will prevent bulker glut
- US law covers foreign deals
- EC criminalises small spills
- Cruising newbuild costs skyrocket
- New private equity cruise model?
- HMM eyeing Middle East market
- Gales hit UK ports
- RCCL settles surcharge probe
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| MARCH 12, 2008 |
- Ports press FMC to approve truck pact
LA, Long Beach want the agency to allow their clean-trucks plan to take effect, despite opposition by the ATA.
- Oakland port mulls truck plan
- ILWU slates stop-work meetings for May1
- NY-NJ terminals plan March 17 holiday hours
- "K" Line, MOL upgrade Asia-Mexico-S. America
- UPS targets international markets for growth
- Bill tightens Washington state port contracting
- Bush: Pass Colombia pact
- MSC opens service to New Orleans-S. America
- Lufthansa ups cargo profit
- Record growth for China foreign exchange reserves
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| MARCH 12, 2008 |
- CSAV signs up for eAutoFresh
- NYK Logistics splits Europe into two regions
- Ex-US president's wife names Texas in Shanghai
- AWATA announces GRI
- Feisty 'Johanna' has a sting in her tail
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| MARCH 12, 2008 |
- MOL withdraws from LR1
Japanese owner pulls seven long-range products tankers out of Torm-run pool.
- Tsakos aims for resales
Tanker owner's chief executive says the company is poised to take advantage of bargain newbuilding resales when financing falls through.
- Sinotrans soars
Chinese owner boosted by bulkers in 2007, but tankers make a loss.
- London braced for exodus
World's leading maritime centre set to be knocked off its perch after chancellor confirms crack down on non-doms.
- Hellenic: licensed to hunt
Greek owner's boss Fotini Karamanlis lines up finance to add at least one more bulker to fleet.
- ITF blasts ship held in Spain
Single pineapple found in one store room of Ukrainian vessel with crew demanding food, water and back wages.
- London, a Darling no more?
George Voulgarakis steps up the fight to attract UK-based owners to Greece as Chancellor prepares to deliver budget.
- Neuberger slice shrinking
Even as investment company Neuberger Berman has taken up a big stake in spin-off Navios Maritime partners, it has shed its share of the parent to below 5%.
- Tanker leaks off S Korea
Attempts to contain quantity of diesel oil which leaked from damaged tanker after collision with fishing vessel.
- Suez revenue keeps flowing
Canal income up by a quarter during February to build on bumper 2007 performance.
- ABS brings PRS in from the cold
US class society teams up with non-IACS Polish Register for dual services.
- Three workers die at Subic yard
Two men killed by falling crane while another falls from roof at Hanjin's Philippines facility.
- Glass full at Bourbon
Vintage year for French offshore and bulker outfit as both annual sales and profit keep spirits high.
- SBM strong across the board
Didier Keller-led offshore player sees profits rise by over 20% following long-term contract renewals.
- Gains lift PSA results
Asset disposals propel Singapore terminal operator to near 60% increase in full year profits.
- Hellenic hails 2007 profit
Greek bulker owner improves earnings in strong market, and will add two more ships this spring.
- K Line adds New Andes loop
Japanese liner operator to introduce second loop on services between Asia and South America.
- Star fixes Sigma
Akis Tsirigakis-led Star Bulk Carriers secures another three years of employment for capesize.
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| MARCH 12, 2008 |
- Maersk changing MECL2 loop
- Hapag-Lloyd reducing staff at some locations
- BIMCO says goodbye to Melchiors, hello again to Skaanild
- MOL, "K" Line boosting Asia/South America capacity
- Shipper, carriers in scrape over scrap shipment
- ABS signs cooperative agreement with Polish Register
- Barbara Bush names boxship for OOCL in Shanghai
- Airbus delivers third A380 to Singapore Airlines for London service
- FMCSA oversight of Mexican truck pilot questioned
- Con-way limits LTL fleet to 62 mph
- Women In Trucking reaches membership target on anniversary
- Census ramps up for "imminent" mandatory AES rule
- BIS reports no slowdown in voluntary self-disclosures
- Agility names Gagne Greater China CEO, restructures Asia Pacific
- NYK to restructure European logistics business
- USTDA grants funds for Mongolian coal rail line study
- Nippon Express offers door-to-door service from Asia to India
- FMC reviews 23 OTI licenses
- PSA looking at stake in India's Kandla Port
- BMW expansion expected to benefit Port of Charleston
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| MARCH 12, 2008 |
- DFDS with much higher profit
DFDS continues its expansion plan launched last year and with five divisions in the market. The revenue grew by 10 per cent in 2007 to a total of DKK 8.3 billion. Pre-tax profit reached DKK 526 million, an ...
- BIMCO sacks the Secretary General
On Tuesday, Bimco announced a change at the Secretary General post, when the former Secretary General Torben C. Skaanild took up the position after Carsten Melchiors. In a statement, Bimco said that Melchiors was "released with immediate effect" by the ...
- StatoilHydro charters four new vessels
StatoilHydro has signed contracts for four new vessels aimed for the Norwegian continental shelf. The value of the contracts, including options, is almost NOK 3 billion. Two of the vessels will be delivered by Remøy Shipping and the other two ...
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| MARCH 12, 2008 |
- Chemoil opens for business in Fujairah
Supplier is taking bunker orders, extending its global reach.
- Turkish refinery to cut fuel oil output
Players say it is not the refiner's intention to leave Istanbul market 'short'
- Fuel 'huge issue' for cruise lines
Bunker issues affecting cruise industry in 'staggering ways'.
- Rotterdam market firm
- Chinese oil port could be operating this year
New Tianjin facility to focus on servicing Sinopec projects and regional refineries.
- Asian bunker markets extremely volatile
Bunker prices in Singapore show wide fluctuations.
- Horizon unveils fuel savings scheme
Horizon Lines promoting fuel efficiency to combat rising bunker costs.
- Another spill hits S Korea
Over 40 mt of fuel leaks after collision between a tanker and a cargo ship.
- Philippine supplier wants larger market share
Marine Fuels Philippines to grow its fleet of bunker tankers.
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