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08 August 2020 The on-line newspaper devoted to the world of transports 18:58 GMT+2

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The Business Timesweb site
MAY 13, 2008
Shipping News
  • Ship order cancellations propel freight cost surge
    The biggest shipbuilding boom in history collided with the largest credit-market losses ever, undermining forecasts for a plunge in freight rates.
  • FSL Trust in US$210m sale-and-leaseback deal
    First Ship Lease Trust trustee-manager FSL Trust Management has struck a conditional agreement to acquire three container vessels from Yang Ming Marine Transport Corporation for US$210 million.
  • MISC's Q4 profit rises 10%
    Malaysian liquefied natural gas carrier MISC Bhd reported a 10 per cent jump in fourth-quarter net profit yesterday, boosted by its heavy-engineering unit and offshore businesses.
  • Myanmar's major ports closed due to severe damage
  • MPA help for bunker supplier certification

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Sched Netweb site
MAY 12, 2008
  • Le Havre, Duisburg ports to step up cooperation, cargo exchange
  • Guangzhou bonded logistics park starts construction
  • US Coast Guard, EPA propose alternative ballast rule
  • Jiangsu Dafeng port inaugurates container service to Busan
  • Clean fuel will double cost of shipping, says WSC
  • Abu Dhabi's box volumes grow 34pc in 2007
  • CMA CGM offers new maritime training course in Marseilles
  • 'Misleading' aviation pollution study withdrawn from publication
  • Box shortage forces US exporters to turn to airfreight
  • UK freight association rejects proposed airfreight tax

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Exim Indiaweb site
MAY 13, 2008
  • Evergreen Line to continue with Asia-Mexico-Panama service after Cosco exits
  • IRIS Lines stops pendulum, joins CSCL's AMX1 service
  • ...named best intra-Asia shipping line
  • PTP & MISC to form JV at Malaysian port
  • Montreal port's plan to tap into global box boom
  • Topaz acquires DMS fleet
  • 3 major conferences hike BAF & CAF
  • Damco named best logistics provider in sea freight
  • CMA CGM wing acquires 3 barges
  • Samudera posts 46 pc net profit growth in Q1
  • Bridge height to limit size of ships calling at Hong Kong
  • Evergreen Line profit rises by 4.9 pc
  • Lack of dredging menacing world trade, warns expert
  • DGS anchors 25-yr-old ships from plying in rough seas
  • Great Offshore moves closer to deal on acquiring SeaDragon
  • India & US seek success at Doha
  • IACC & WTC to co-host Indo-US summit for SMEs
  • Coir export volumes rise, value dips
  • US to challenge WTO ruling on shrimp anti-dumping duty
  • Freeze on pig iron exports by PSUs
  • US keen to limit export bans at WTO levelIndia & US seek success at Doha
  • KPT's Bunder Area proves adept at handling ODC cargo
  • CoPT asks MoS to push ICTT rail link
  • No port curbs for Myanmar arecanut
  • Rising freight rates take tang off salt exports
  • FDI inflow of $ 25 billion in 2007-08
  • Appreciating dollar value lifts beleaguered exporters' spirit
  • India to be eighth wealthiest by 2017, predicts Barclays' study
  • BoA to discuss 13 SEZ proposals on May 16
  • Customs duty under EPCG scheme cut by 2 pc

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Maritime Global Netweb site
MAY 12, 2008
  • Joe Hughes defends IG
  • Volume growth for Stena Line's British business
  • Marshall Islands accedes to five major IMO Conventions
  • Lloyd's List stirs safety and light dues debate

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Marine Logweb site
MAY 12, 2008
  • U.S. Shipping Partners reports first quarter loss
  • Fatality in liftboat incident off Delaware
  • Nordic American Tanker commences public offering
  • Austal Tasmania to build police boats

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World Wide Shipperweb site
MAY 12, 2008
  • Oregon governor receives report on need for LNG facility in state
  • Bureau of Reclamation taps firms for fish projects
  • Marcon acts as broker in sale of Crowey tug
  • Schnitzer's auto parts lines earn honor for recycling efforts
  • Genco buying three vessels from Bocimar International

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Lloyd's Listweb site
MAY 12, 2008
  • Indian owners in surveys revolt
    SHIPOWNERS take exception to government's move to withdraw rights of six classification societies.
  • Indian ship registry gets monopoly on statutory surveys
  • MISC warns of tough year ahead
    LNG carrier owner had 15% fall in full-year profit and says higher costs and weaker tanker markets loom.
  • Box lines call for more flexible consortia rules
    ELAA urges end to specific time limits on consortia agreements and 'room for manoeuvre'.

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Fairplayweb site
MAY 12, 2008
  • Activist fund targets Top
    Hedge fund QVT Financial has levelled conflict-of-interest accusations against the board of Top Ships.
  • Markets react to striking farmers
    AS THE farmers' strike in Argentina resumes, shipping markets are starting to experience renewed impacts including both positive tonne-mile effects and negative triangulation issues
  • Bulker buys bolster Genco fleet
    GENCO Shipping & Trading has confirmed the purchase of three 2007-built bulkers from Bocimar International and Delphis for $257M
  • Putin bullish on Russian oil
    THE NEW Russian prime minister Vladimir Putin has triggered a stock market upward charge on talk of reducing taxes for the country's gas and oil producers
  • Bunker suppliers get cash aid
    SINGAPORE is offering financial assistance to all bunker suppliers in a bid to ensure their compliance with the SS 524:2006 rule
  • Operator makes cabotage comeback
    BRAZILIAN port terminal operator Grupo Libra could make a surprise return to the cabotage and coastal trades.

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The Journal of Commerceweb site
MAY 12, 2008
  • Harbor commission set to consider Port of Los Angeles clean-trucks plan
    Commssion this week to take up the port's long-awaited clean-trucks plan and requirement for employee drivers.
  • Global credit crunch threatens new vessel orders
  • Horizon hikes fuel fee
  • TACA fuel fee unchanged
  • FedEx cuts outlook
  • Bush declares Transportation Week
  • China trade gap slows
  • LAN plans cargo airline
  • Domestic airfreight declines
  • India throughput up
  • Borders secure, Customs turns to trade strategy

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Containerisation Internationalweb site
MAY 12, 2008
  • Progress for Eurogate's Jade-Weser-Port plans
  • Brazil customs strike ends... for now

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TradeWindsweb site
MAY 12, 2008
  • Ultrapetrol profits surge
    US-listed South American owner sees big revenue and profits gains amid strong demand.
  • NAT goes to market
    Herbjorn Hansson-led Nordic American Tanker Shipping offers 4.6 million shares in issue worth $184m.
  • Shipping bulls lead Monday rally
    Mostly bulker owners head upward in a positive day on Wall Street.
  • Buys boost Peter G outfits
    Cantor Fitzgerald analyst hikes estimates for Peter Georgiopoulos' General Maritime and Genco after recent vessel purchases.
  • FMR ups Ultrapetrol shares
    US investment advisor lifts holding in South American owner to more than 10%.
  • Top board under attack
    Disgruntled shareholders demand substantial change following "history of poor operating results" and dealings which were 'destructive to shareholder value.'
  • Fund's Horizon stake swells
    Boston fund manager has accumulated a major minority chunk of the New York-listed containership owner's shares.
  • Nikolaos P in Pakistan pickle
    Euroseas-operated bulker held in Karachi as charterer Reliance cries foul over fertiliser.
  • MSC duo on Aussie list
    Two of Switzerland-based owner's boxships among 19 vessels detained during April.
  • Gearbulk thwarted
    Shipowner fails to persuade London high court it is entitled to $120m damages over cancelled ships.
  • Ship sharing?
    Teekay insurance chief Dev Hildebrand mulls merits of radical shake up of P&I cover.
  • Horizon hikes surcharge
    US containership owner bumps fuel surcharge for Hawaii and Guam by 1.5 percentage points.
  • A fridge too far?
    'Empty' fridges push Filipino crew over the edge while Russians and manager point to adequate food supplies.
  • Genco confirms Bocimar buys
    Georgiopoulos- controlled owner will pay Belgian rival $257m for two panamax bulkers and a supramax.
  • Five crew missing in China
    Cargoship reportedly sinks while loading stones in Leqing Bay, but six seafarers rescued.
  • Clausius takes three
    First Ship Lease picks up trio of Yang Ming newbuildings in $410m sale-and-leaseback move.
  • India bans veterans
    Chartered ships older than 25 years will not be welcome in coastal trades during monsoon season.
  • IRISL launches Cuba run
    Iranian owner emerges as force behind new link to Caribbean and South America.
  • Arpeni wants quartet
    Indonesian tanker and bulker player lining up four ship deals this year at cost of $180m.
  • Miclyn eyes home listing
    Offshore owner and shipbuilder looking to raise $200m from Singapore float in the second half of 2008.
  • Li's bid gets dosed up
    Greek pharmaceutical giant part of Hong Kong billionaire's three-pronged offer for boxship activities at Piraeus.
  • Malta Shipyards under scrutiny
    Government to verify Dutch conversion contracts that have left struggling yard "at a disadvantage."
  • Worker dead in Tuzla blast
    Five more injured after explosion in engine room of vessel being built at Selah shipyard in Turkey.
  • Ananda adds four more
    Bangladeshi shipbuilder to deliver multipurpose vessels to Lohmann of Germany in 2011 and 2012.
  • Azuma edges up
    Japanese bulker owner posts better annual profit but predicts leaner year ahead.
  • Great Offshore to buy SeaDragon
    Indian owner close to $1.4bn entry into rig ownership with takeover of Cayman Islands-based player.
  • Cosco inks monsters
    Chinese shipping giant puts pen to paper on series of 13,500-teu boxships and VLOCs at NACKS.
  • Inui up but downbeat
    Annual profit soars at Japanese handysize specialist but prospects no so hot for coming year.
  • Dry costs dear
    Containership loss set to be second biggest P&I claim after the Exxon Valdez, warns Paul Hinton.
  • Maersk cuts down on Brazil
    Liner giant is paring back its coverage of the Latin American market due to poor vessel utilisation.
  • Cautionary tale
    It pays to choose your underwriter carefully warns McDermott's Timothy Woodard.

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American Shipperweb site
MAY 12, 2008
  • EC closes parcel tanker investigation
  • COSCO to stay in Asia/Mexico/Panama trade with independent string
  • Iranian carrier to start service to Cuba, Venezuela
  • FedEx lowers 4th quarter earnings guidance
  • Trucking industry offers fuel saving strategy
  • U.S. reduces trade gap on lower imports
  • Industry lobbies Congress for $1.2 billion supplemental for food aid
  • Russia opens borders to U.S. livestock
  • Wincanton joins hunt for TDG
  • Tajani to become Europe's Transport Commissioner
  • Long Beach terminal operators switching RTGs to power system

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The Scandinavian Shipping Gazetteweb site
MAY 12, 2008
  • New terminal in the Port of Muuga
    The board of Port of Tallinna (AS Tallinna Sadam) has now approved the construction of a new terminal area including 400 metres of quayside in the Port of Muuga. The terminal will have a capacity of 500,000 TEU. The price ...

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The Bunker Bulletinweb site
MAY 12, 2008
  • Tesoro posts first quarter loss
    Refiner and marketer seeing revenue gain but failing to post profit result.
  • Bunker market report from Praxis
  • Scottish fishermen warn on fuel cost implications
    Say quotas could be lost to foreign fishing fleets as high fuel costs prevents Scottish ships from putting to sea.
  • Marshall Islands accedes to five major IMO Conventions
  • Clouds gather as bunker prices soar
    Growing concern that bunker price pressure will contribute to cyclical downturn for shipping.
  • New tanker coating to cut fuel consumption
    Nippon Paint's latest product expected to reduce fuel consumption by 4%.
  • Singapore suppliers to get help with certification costs
  • Singapore 380cst may reach $700 pmt by year-end
    Prices up 68% from a year ago.
  • Bunker buyers need to 'deal with risk exposure'
    O.W. Bunker says some ship operators are taking 'unnecessary risks'.
  • Newbuilding design exceeds IMO requirements
    Design of new panamax tanker for Marinvest focuses on 'care for the environment'.

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