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| JULY 14, 2008 |
Shipping News
- Royal Caribbean eyes Asia, Europe
As Adam Goldstein celebrates his 20 years in the cruise ship industry, he can barely recognise the business he first joined in 1988.
- Drydocks World seeks loans for S'pore buyouts
Drydocks World LLC, the Dubai-owned shipbuilding and marine-repair company, hired eight banks to help it borrow US$2.2 billion to refinance outstanding loans it used to pay for two acquisitions in Singapore.
- Protesters block rail line to Newcastle coal port
Environmental protesters in Australia brought the world's biggest coal terminal to a standstill yesterday by blocking railway lines and chaining themselves to rail cars.
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- Maersk commences intra-Asia loop (IA-4) from July 21
- 'K' Line implements Vision 100 for vessel safety, administration
- Vladivostok container volume rises 30pc in first half
- Indian flagged vessels drop from 40pc of national fleet to 11.8pc
- Mobile shipping container scale promises to cut mistake driven return trips
- Agility wins New Zealand's PM's praise after gaining zero-carbon status
- Dragonair ups frequency of Hong Kong, Xiamen, Ningbo flights
- DOT denies Centurion Air Cargo's US-Mexico route authority
- First Boeing 737-300SF enters Ukraine International Airlines service
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- Octogenarian Maersk Line looks back with pride & gratitude to customers, suppliers & partners
- Probe into dumping of Chinese plastic-processing machinery initiated
- Ports to be empowered to dip into own resources for dredging
- New loading record set at Kandla port
- Port Pipavav commissions state-of-art environment-friendly coal yard
- Cochin Port aiming at 15 pc growth in fiscal cargo throughput-Chairman
- Rlys hauls 202.99 m tonnes in April-June
- Navi Mumbai airport plan cleared for take off
- Deccan Cargo & MADC sign MoU to set up world class air cargo hub at Nagpur
- AIEC hails free cotton import step
- Tunisia envoy leads mission to Fieo office
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| JULY 14, 2008 |
- Numerous new appointments at Groupe CAT
- Tallink's "Baltic Princess" on maiden voyage
- Swiss: 15th Airbus A340 takes to the skies
- Continental Express hit a century
- In time Direkt-Kuriere Transport GmbH and RS Logistik merging
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- Stevenson joins Intermarine board
- Green energy for Busan port
- Piracy on the rise in Africa, says IMB
- First Q-Max delivered to LR class
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| JULY 11, 2008 |
- Stolt-Nielsen says SEC probe done
- Piracy surge in Gulf of Aden
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| JULY 11, 2008 |
- Grays Harbor maintenance dredging scheduled to begin later this month
- Port Tracker report finds box traffic on the rise
- Coast Guard introduces new communications system
- Port of Bellingham taps Fix as new chief financial officer
- US rail freight traffic drops during month of June
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- Box trades in crisis as Asia-Europe rates collapse
Lines say a poor pre-Christmas shipping season could send Asia-Europe rates into freefall
- Steel price hike threatens yards and orders
Broker Gibsons says rise in steel price threatens cancellations - and risks the future of marginal yards
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| JULY 11, 2008 |
- London P&I reports net loss
CHAOTIC market conditions hit mutual insurers as London P&I Club reported a net loss in its annual report
- Toledo port boss under investigation
THE PRESIDENT of the Toledo-Lucas County Port Authority is reported to be under scrutiny for alleged financial improprieties
- Del Monte denies Sulpicio charges
THE shipper of the toxic pesticide aboard the capsized Princess of the stars has denied Sulpicio's allegation that it had failed to declare the name and nature of the cargo
- Princess survivor tells of cargo shifting
A SURVIVOR of the Princess of the Stars tragedy has told the inquiry that the capsizing might have been caused by cargo shifting in huge waves
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- Employers: ILWU slowing cargo-handling
Employers say job actions by longshore union in LA-Long Beach has slowed productivity by 10% to 15% at some terminals.
- TUI says Hapag-Lloyd spin-off 'would destroy value'
- Exports outpace imports as US trade deficit shrinks
- Intermarine taps ex-OMI CEO for strategic planning
- EGL founder Crane forms new freight forwarder
- Maersk plans Kaohsiung cuts
- APM plans Ukraine terminal
- WTO aims for compromise
- Strike to hit India ports
- C.H. Robinson expands east
- Lacave joins CMA CGM
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| JULY 11, 2008 |
- Are carriers justified in charging non-freight paying consignees BAF?
The price of a barrel of crude oil has rocketed to levels that a year ago would have been dismissed as fiction. Currently flirting near an economy-busting USD150 a barrel ' and predicated to go much higher ' the impact is serious for all modes of global transportation.
- APM to construct new Black Sea terminal
- Swire dips toes into N Asia-Australia waters
- Lacave joins CMA CGM
- PD Ports to expand TC 2
- Maersk mulls cutbacks at Kaohsiung
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| JULY 11, 2008 |
- Newbie sold off
Ocean Tankers reportedly takes $185m for a newbuilding VLCC on order at a Chinese yard.
- Frontline moves in
Filings by John Fredriksen-led company reveal the tanker owner is on a path toward potential takeover of OSG.
- Boatyard burns
Firefighers respond to Maine's Washburn & Doughty Associates after the yard is reportedly engulfed in fire.
- Gig for OMI boss
US project cargo specialist taps Ship Finance International chairman and former OMI chief executive Craig Stevenson.
- Dockwise scores
Andre Goedee-led heavy-lifter owner grabs contracts to move a rig, barges, a dredger and a yacht hotel.
- Keeping guard
Security is key to keeping Iraq's only deepwater port running, where cargo has grown since the military took over.
- Sniff this!
Authorities in Portugal find cocaine hidden in garlic shipment from Argentina.
- Fredriksen sells
Norwegian tanker tycoon's Frontline sells $3.07m in Overseas Shipholding Group stock.
- Tail spin
John Fredriksen's efforts to force the spin-off of Hapag-Lloyd will destroy value, TUI says.
- Salvage battle
Court sends $2.7m award in case of Economou capesize back to salvage appeal arbitrator.
- It's quotes time
Now it's South Korea's turn to get paranoid and is Aries Maritime just full of sheep?
- Aden attacks leap
Shift in focus for Somali gangs sees Europe to Asia trade route overtake Nigeria as global piracy hotspot.
- FOP inches up
Fred Olsen Production's second quarter figures are up over 10% from a year ago.
- Czech mates
Bulgarian bulker crew come to aid of solo Czech yachtsman stranded 1,000 miles off US coast.
- Penguin places
Singaporean offshore player is looking to raise $10m from a private placement of shares.
- Polish appeal
Government could head to European Council for help if Commission orders Polish yards to repay state aid.
- REM fixes PSV
Oslo-listed offshore player finds up to five years of work for platform supply vessel newbuilding.
- Asimar wins order
Thai shipyard group builds on Middle East contacts with fresh newbuilding deal.
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| JULY 11, 2008 |
- CMA CGM adding to executive board
- Intermarine names Stevenson as chairman
- Siba Ships orders two Kamsarmax bulk carriers from STX
- UPS undecided about future Thailand investment
- YRC finds ways to sip less fuel
- Bush decision on North Korea to have little effect on exports
- Crane re-enters cargo arena
- Agility-led consortium wins Defense fuel management contract
- West Coast dockers, employers back at bargaining table
- Indian dockworker unions set to strike over pay on July 16
- Chennai container tariffs to rise in August
- World ports commit to improving air quality
- APM Terminals to start Black Sea project
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| JULY 11, 2008 |
- AAPA praises decision by Congress
Port authorities say changes to the MARPOL Annex VI are 'imperative' to the future of shipping.
- Fuel oil supplies to tighten
IEA seeing less product available in 2009 due to distillate demand.
- New employee at Bunker Holding A/S
- Ferry operator withdraws service, imposes surcharge
In light of increasing fuel costs, Brittany Ferries announces money-saving initiatives.
- UK consultation underway on Annex VI
Comments on proposed legislation must be submitted before August 15.
- Global bunker market report
- Growth for Chemoil's Greek office
Chemoil appoints seasoned marine fuels marketer for its recently opened office.
- Rotterdam market firming
- New bunker price record for Singapore
Double digit gains reported for bunker prices in Asian ports.
- Bunker spill in northwest US
Bulk carrier taking on bunkers causes spill in Columbia River.
- Bangladeshi exporters bear brunt of high BAF
BAF cost from Bangladesh to US/Europe has doubled.
- High diesel cost hits fishing operations
Indian fishermen have trouble sustaining operations.
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