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| JUNE 13, 2008 |
Shipping News
- Tsakos to cut long-term tanker deals as rates rise
Tsakos Energy Navigation Ltd, Greece's biggest publicly traded oil-tanker company, plans to more than double the ships offered for single voyages to profit from a 75 per cent increase in freight rates over the past year.
- Container line Maersk a Gulf oil producer in disguise?
AP Moeller-Maersk A/S, owner of the world's biggest container-shipping line, is a Persian Gulf oil producer in disguise.
- France buys shipyard stake amid employment fears
France announced plans yesterday to buy back 9 per cent of the country's biggest shipyard, amid concerns that luxury cruiseliner production could move to Asian yards under its new South Korean owners.
- Cruise ship vacations up 4.7% last year
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| JUNE 13, 2008 |
- Maersk docks at west Pearl River port of Nansha on new AE1 service
- Grand Alliance deploys extra ship to maintain ecospeed on EU1
- YICT adds new Australia service TCA
- Maruba, Hapag, CSCL join in Far East-West Africa service
- Hunan's river city Zhuzhou to develop a port area
- FedEx reduces rates on HK-Guangdong shipments
- Evergreen launches Adriatic Feeder Service (AFS)
- EU scheme to hit truckers with polluter pays principle unfair: ESC
- OceanSaver unrolls new ballast water treatment with Hoegh order
- Australia's top barley exporter containerises grain exports
- Hactl's May tonnage rises 7.5 per cent
- TIACA working to cut CO2 and its impact on environment
- WFS lands cargo handling contracts from Lufthansa Cargo, KLM
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| JUNE 13, 2008 |
- FFFAI to host FIATA & UN-ESCAP meetings in New Delhi from July 7
- SCI to pay 40 pc final
- Hamburg Sud re-avows commitment to environmental protection
- Cuppa cheer for exporters
- Argentina agrees on need to rectify Doha negotiating text
- Nafed to import 24,000 tonnes of vegoil
- Bellani retains KPT Board post for 6th term!
- CoPT forms panel to woo & win increased volumes of ex-im trade cargo
- NMPT pledges to continue combating pollution on World Environment Day
- Rlys revenue surges by 20 pc in April-May
- With diesel costlier, Safexpress hikes freight rates
- Rlys hauls 137.73 m tonnes in April-May
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| JUNE 12, 2008 |
- Evergreen launches Adriatic Feeder Service (AFS)
- FedEx expanding European capacities
- New contracts for Agility-led joint venture
- Schenker works for equestrian events in Hong Kong
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| JUNE 12, 2008 |
- France surprises Aker with share buy announcement
- GSCC opposes CO2 taxes
- FEFC imposes congestion charge on French ports
- Eitzen Maritime Services' $50m placement
- UK court jails bunker hose trio
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| JUNE 12, 2008 |
- Hose scam Brits get U.K. jail terms
- French Government to take stake in Aker Yards France
- Delays plague TWIC card program
- India's ABG books new orders
- Jones Act rebuild rulings under fire
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| JUNE 12, 2008 |
- Port of Portland becomes Climate Registry founding reporter
- RFID technology eyed for new Blaine border crossing
- Coast Guard Barque EAGLE arriving in Astoria today
- Freight Transportation index holds steady during April
- Hanjin Shipping to launch new Malta/Adriatic feeder service
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| JUNE 12, 2008 |
- Capesize rates plummet as demand fades
OWNERS accept discounted rates amid evaporating Chinese demand for iron ore from Brazil and Australia.
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| JUNE 12, 2008 |
- Baltic Cape index plummets
THE Baltic Exchange Capesize Index has fallen off a cliff.
- Three sentenced in UK on price fixing
THREE marine hose price fixers, already found guilty in the US, have now also been convicted in the UK and sentenced to jail there
- EMS seeks $50M after shopping trip
EITZEN Maritime Services (EMS) in Norway is seeking $50M following its acquisition of Dubai-based Seven Seas Shipchandlers earlier this week
- Bahrain aims for 100,000 cruise pax a year
BAHRAIN is planning to attact 100,000 cruise passengers a year, Mohammed Nass, the CEO of the Bahraini Tourism Promotion Project, has told the state news agency BNA
- Top tots up huge loss
TOP Ships suffered heavy losses in its first quarter as a result of surging repair expenses and the change in value of financial instruments
- Drybulk could fall further
SEVERAL drybulk shipping stocks are under pressure, but it is not yet time to buy on the dip, according to JP Morgan shipping analyst Jon Chappell
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| JUNE 12, 2008 |
- Escalating transportation costs seen driving manufacturing back to U.S.
As transportation costs continue to rise, retailers tell supply chain conference that they are witnessing a gradual shift of manufacturing back to United States.
- Strikes threaten to choke Europe supply chain
- Maher charges NY-NJ PA lease discriminatory
- Clash over U.S. box security
- Miami port votes to expand multi-user terminals
- Korea seeks U.S. beef limits
- N. Zealand eyes U.S. trade
- FMC dismisses lease complaint
- Rotterdam makes rail gains
- Airfreight revival forecast
- Freight index unchanged
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| JUNE 12, 2008 |
- New branding boost for Southampton
- PD Ports and ABP agree new deal for HCT
- FEFC impose emergency surcharge as French ports prepare for new two-day strike
- Salalah plans additional capacity
- Hanjin strengthens Med presence with new feeder
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| JUNE 12, 2008 |
- Stocks punished
US Shipping Partners continues its free fall, and bulker stocks plunge after the Baltic Exchange posts its largest-ever one-day drop.
- Tsakos extends
Greek owner keeps two aframaxes on charter to Finland's Neste, but moves third into spot market.
- Pain for Pistiolis
Top Ships posts $18m first quarter reversal despite its entry into the dry cargo sector.
- Better days ahead?
Top Ships CEO says he expects improvements in the second quarter as 'corrective actions' come to fruition.
- Going for it all
US-listed DryShips closes offer period for Ocean Rig with 97.7% of the company but says it will push to force purchase of the rest.
- France in at Aker
Government has been in talks with STX about taking a major holding in the Oslo-listed shipbuilder's French yards, Svein Sivertsen says.
- Pelican swoops
Singaporean offshore owner inks anchor handler quartet at mysterious Malaysian shipyard.
- Teekay's web
Teekay Offshore Partners' stock offering is expected to raise as much as $243m in a Gordian knot of transactions.
- Maike D mystery
Probe into fire on feedership Maike D in Hamburg that no-one seems to know about.
- No Mickey record
Disney Cruise Line's Disney Magic did not pay the Panama Canal's highest toll after all.
- Cosco cleans up
World's fifth largest container port operator named provisional winner in race for Piraeus boxship terminals.
- Swedish losses
"Nightmare" pension liabilities plunge Sweden's maritime administration into SEK 377m loss.
- CSDC pens ore JV
China Shipping Development Co finalises joint venture with compatriot Baosteel.
- Breaking the ice
Russia planning new generation of nuclear-powered icebreakers from 2009.
- Marnavi buys one
Italian owner books $29.6m anchor handler at India's ABG shipyard.
- Bergen ready
Norwegian yard group to sell 4m new shares as part of June listing in Oslo.
- More port strikes
France readies itself for two-day strike next week from port workers against privatisation.
- SCI drops again
Annual profit down at Indian state shipping company as revenues dip.
- Detention denied
Norwegian operator of vessel said to have been detained in Russia denies detention.
- STX satisfied
Boss Kang Duk-Soo says Korean yard does not plan to increase stake in Aker Yards, but will boost productivity.
- PD to stay
UK group to operate at Hull Container Terminal for another eight years, with '4m upgrade in pipeline.
- EMS wants $50m
Annette Malm Justad-led company firms up details of private placement which will help fund latest purchase.
- BNP appealing?
French bank looks set to drag feud with SembCorp Marine unit Jurong to trial over $50m it says is owed.
- TOO in share sale
Teekay Offshore Partners to issue 7m new shares to fund acquisitions.
- New Med feeder
Hanjin launches new feeder service linking Adriatic ports with the island of Malta.
- Saga Rose death
Fatality on UK cruise ship after two crewmen get trapped in ballast tank.
- Sevan takes six
Norwegian floater specialist secures options for six drilling rigs in China.
- Rebate extended
Containerships calling at Singapore to enjoy 20% port dues discount until 2010.
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| JUNE 12, 2008 |
- Jones Act operators want vessel rebuild rules enforced
- Aker Yards left in the dark over shareholder-French government deal
- A.P. Moller-Maersk buys out partner in tanker venture
- FEFC lines react to French port strikes with Le Havre, Fos surcharge
- Tanker company's stock plunges after warning
- China Shipping buying eight ships
- Hanjin to start Malta-Adriatic Feeder
- Zabrocky named senior vice president at OSG
- Brussels Cargo service targets spare parts, health care products
- Sunteck appoints chief technology officer
- Steel advocate decries "absurd" duties on foreign products
- U.S. pork exports set record
- Taiwan joins U.S. fight over EU electronics duties
- UPS expanding facility in Canada
- Pacer logistics subsidiary expanding SoCal capacity
- Foreign terminal operator approved for C-TPAT
- SCT changing name to DP World Southampton
- Latin American ports to meet in Panama
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| JUNE 12, 2008 |
- More foreign captains on Danish flagged vessels
Herning Shipping and Svitzer A/S have joined D/S Torm in using foreign, including non-EU, citizens as captains on Danish flagged vessels. Recently Herning Shipping has applied for permission to use foreign captains on two tankers in its ...
- Norwegian Jewel first in new St Petersburg passenger terminal
The first vessel calling the new Sea Facade terminal in St Petersburg will according to SeaNews.ru be the Norwegian Jewel on 10 September. The new berth can accomodate vessels up to 311 metres in lenght and with a draft of ...
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| JUNE 12, 2008 |
- Schwarzenegger to focus on oil spill prevention
Governor meets with legislators to discuss steps to improve prevention methods and response times.
- Chemoil announces new board member
- Foreign companies 'willing to invest' in Nigeria
Report calls for government to encourage investment in bunker sector.
- Global bunker market report
- Renewed concern about 'slow steaming'
International Bunker Industry Association says 'simple answers' are not always the right ones'.
- Big spread in Rotterdam prices
- Announcement 'imminent' on Gibraltar storage
Sources say tank cleaning operations have been underway.
- Singapore bunker prices up
Other Asian ports follow Singapore's firm market.
- Singapore residual fuel stocks at record high
Fuel oil inventories rise 14% on weak Chinese demand.
- Fuel trading firms given Singapore bunker licences
Meanwhile, another Singapore supplier relinquishes its licence.
- Oil price jumps after US inventory drop
But prices showed signs of weakening Thursday as US dollar firmed.
- Philippine supplier weighs fleet upgrade options
Hull retrofitting and tanker acquisition on the cards.
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