 | web site |
| FEBRUARY 15, 2008 |
Shipping News
- Perkins to open shipping agency in S'pore
Singapore's growing maritime cluster has attracted yet another shipping company to set up shop here.
- Shipping emissions higher than thought: UN report
Emissions by global shipping of planet-warming carbon dioxide are more than double industry estimates and may rise another third by 2020 as trade grows, a report from the world's top maritime body shows.
Admiralty Casebook
- Profit sharing deal applies to optional charter period
THE English High Court last week overruled an arbitration award and ruled that a profit-sharing arrangement between a vessel owner and a time charterer applied to the optional two-year period at the end of the basic charter.
|
 | web site |
| FEBRUARY 15, 2008 |
- NOL and TUI appoint advisors for possible Hapag Lloyd merger
- UN bulk liquids. gas panel devise tough ship air pollution rules
- Toll to delist HK's BALtrans, to make it integrated subsidiary
- UAE's Sharjah Emirate volume rises 8pc to 2.1 million TEU
- Colombo ideal as mega containership hub, says Brussels expert
- Bahamas joins two United Nations anti-fouling conventions
- Cathay to relaunch Colombo flights as terror fears abate
- Hactl performs Hong Kong airport IT disaster recovery drill
- Transnautic Aero Poland adds Miami's South American Airways
|
 | web site |
| FEBRUARY 15, 2008 |
- INTTRA commences operations from new office
- Bharati shipyard at Mangalore awaits environmental clearance
- SCI to outsource management of 30 ships
- L&T to build two heavy lift vessels for Dutch co. Rolldock
- Russian PM agrees to double trade with India
- EU shortlists 416 items in negative list for FTA with India
- IT services exports may rise by 28 pc
- Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
|
 | web site |
| FEBRUARY 14, 2008 |
- DPD GeoPost (Deutschland) has new director
- JAL Chairman Shinmachi to retire
- Maersk Line and Evergreen share slots in Asia-Europe trade
- Malaysian Airlines posts record profit
- Birkart Globistics and Trust Forwarding work together
|
 | web site |
| FEBRUARY 14, 2008 |
- New UK tonnage tax warning
- Intermanager adds voice to Hebei Spirit row
- Imarex to buy Spectron
- APL's new Baltic feeder
|
 | web site |
| FEBRUARY 14, 2008 |
- Seacor Marine christens catamaran crewboat
- Power restored on LNG tanker Catalunya Spirit
- Washington State authorizes three new ferries
- Another $2.8 billion for DDG 1000 Zumwalt class work
- Budget cuts threaten Intracoastal Waterway
- SembCorp Marine to take $208 million Q4 charge
|
 | web site |
| FEBRUARY 14, 2008 |
- Seattle-Tacoma Airport passes FAA inspection
- NOL numbers skyrocket for fourth quarter/full year
- CBP inspectors hard at work checking Valentine's Day flowers
- Freight Transportation Index finishes year on down note
- Roadlink announces purchase of West Coast Trucking
|
 | web site |
| FEBRUARY 14, 2008 |
- Norway tax overhaul deals blow to owners profits
BW Gas and Wilh. Wilhelmsen posts huge losses to meet share of NKr21bn back tax bill.
- Lie leaves NSA following tax blow
- Tchibo aims to take lead on greener shipping
SHIPPER will negotiate new contracts with carriers on grounds of eco-friendliness.
- SembCorp settles forex dispute with nine banks
SHIPYARD group says payout reduces outstanding losses to $258.7m.
|
 | web site |
| FEBRUARY 14, 2008 |
- Between the lines
IN this month's Fairplay Solutions, Editor Malcolm Latarche asked whether class is ignoring its own role in ensuring build quality during a shipbuilding boom
- Moorhouse praises Korean quality
LLOYD'S Register's chairman David Moorhouse has tried to smooth ruffled feathers after his comments last month about build quality
- How Aker was ousted from Astrakhan
AKER Kvaerner's buyout of its Russian partner in a Finnish engineering group marks the end of an unsuccessful tussle for control of a Russian shipyard
- Spain is good for Brittany Ferries
THE UK-Spanish ferry route linking Plymouth with Santander, served by French operator Brittany Ferries, enjoyed the third best year in its history last year
- China Shipping to see coastal surge
- Bulker runs amok in Mississippi
- Cabotage flare-up as NCL flags out
- Genco gobbles stock, nibbles Jinhui
- Icebreakers laid up in balmy Baltic
- Tax bill drags BW gas to deep loss
- Louis rejects 'impossible' salvage
- UK worries as H'egh goes back home
- WW to snub Norway's new tonnage tax
- Frontline powers on into 2008
|
 | web site |
| FEBRUARY 14, 2008 |
- COAC urges changes to 10+2 rule
Trade advisory committee at meeting also requests withdrawal of proposed reinterpretation of valuation rules.
- House panel approves extending Andean trade preferences
- Three-way deal for new Tacoma box terminals
- Manufacturers blame China for U.S. trade deficit
- Tornado rakes Bahamas hub
- U.S. trims trade gap
- Vancouver dockworkers vote on three-year contract
- Raid on Deutsche Post CEO's home, office
- Pact for unions, CP Rail
- New Orleans port brings project list to pols
- Ruling on China auto parts tax a win for U.S.
|
 | web site |
| FEBRUARY 14, 2008 |
- German KG raises its stake in rival and makes takeover offer
- CP Rail deal with intermodal partner
- MOL commemorates Japanese emigration to Brazil
- Greek port sale protest set to continue
- Affectionate start for APL's new Baltic feeder
|
 | web site |
| FEBRUARY 14, 2008 |
- Catalunya boilers online
Disabled LNG carrier's boilers start up three days after a shutdown left the vessel drifting off the US East Coast.
- Metrostar goes offshore
Greek owner places $1.3bn newbuilding order at Hyundai Heavy Industries.
- RWE buys into Excelerate
German utility agrees to purchase half of LNG player Excelerate, taking a chunk from US oilman George Kaiser.
- Genco results 'fantastic'
After Genco profits exceed expectations, Jefferies analyst highlights the New York bulker owner's growth potential.
- Surcharge row in court
A class action lawsuit names Royal Caribbean, Carnival Corp and Norwegian Cruise Line over the $5-per-day fuel surcharges.
- Songa hits high note
Oslo-listed player bursts back into the black after a lucrative end to 2007.
- Supe sailor dies
BPZ Energy reveals that a sailor aboard a sunken Peruvian navy tanker has died, while four other sailors remain in serious condition.
- Solvang slips on newbuildings
Oslo-listed gasship owner sees fourth quarter profits slump but throws all its eggs into the new Norwegian tonnage tax basket.
- Ship grounds in Georgia
US river is the site of the grounding of a car carrier, which is quickly re-floated.
- SFI looks on bright side
Frontline's ship-owning vehicle says credit crunch will work in its favour because of its financial stability.
- Genco ups Jinhui stake
New York bulker owner's finance chief says the company's share reaches 19.4%.
- Svithoid banks share cash
Private placement and public issue nets SEK 50m for Swedish tanker owner.
- Computer glitch?
US Coast Guard is quoted as saying that a computer problem may have caused the Catalunya Spirit's drift off Massachusetts.
- Rand posts a loss
Revenue is up by 38%, but Great Lakes player Rand Logistics reports a fourth-quarter loss.
- Hong Kong keeps four
Extra time in port for two boxships, a ro-ro and a tanker after January safety checks.
- Scandal takes $260m slice
Singapore's SembCorp Marine reaches deal with nine of 11 banks caught in derivatives controversy but will still take fourth quarter hit.
- Solid year for Quintana
Recently-acquired Greek dry-bulk owner net large annual profit as fleet and average day rates grow.
- Hoegh backs Norway
Bermuda-based owner to re-flag most of its fleet as response to new Norwegian tax regime.
- Spectron set for big league
Broker hopes it will be third time lucky after linking up with Norwegian rival for another assault on freight derivatives sector.
- Ocean sinks in red ink
Oslo-listed heavylift specialist sees fourth quarter and full-year profits hit by increased costs and shipyard delays.
- Taxing year for BW Gas
Norwegian owner vows to challenge legality of government's new system as it slips to massive annual loss.
- Profit, costs up at Lloyd Fonds
German shipping fund manager expects $29m net profit in 2007 but inflated costs bite.
- Tokai half way there
Full-year profits are on the up but Japanese ferry owner says it will not return to the black until the second half of 2008.
- Tax bites WW
Oslo-listed owner sees fourth quarter profits dive into the red despite an increase in income.
- Fourth quarter boosts Frontline
Asset sales in last three months help increase 2007 profit for John Fredriksen's tanker giant.
- Frontline buys into Navig8
Fredriksen takes 15.8% stake for $20m in "purely financial" move, as owner gains foothold in clean tanker sector.
- Good year, bad quarter
Eitzen Chemical reports large loss in last three months of the year but annual figures well up.
- Louis fights back
Cypriot owner hits out at Greece for its failure to cooperate following the sinking of the Sea Diamond after ministers threatened to impound its assets.
- Chelsea sale lifts Knightsbridge
Sale of VLCC increases fourth quarter profits six-fold at Frontline-managed tanker operator.
- Near miss in SF
Flashback to Cosco Busan as K Line boxship loses power and drifts close to US city's waterfront.
- Rand buys WMS three
US Great Lakes bulker owner exercises option to purchase three chartered-in self-unloaders.
- Tamai rides high
Japanese bulker owner increases full-year profit forecast after lucrative nine months.
- Cargoship grounds in Clyde
Minerva II refloated after losing power opposite Dumbarton Rock, with damage unclear.
- IPO for ITC
Frontline subsidiary's tanker fleet to be spun off in first half of 2008.
- Genco profits surge
Georgiopoulos bulker outfit sees profits more than triple compared to a year ago on bigger fleet.
|
 | web site |
| FEBRUARY 14, 2008 |
- ESPMC-WITASS raising congestion surcharge for Peru, Trinidad ports
- Maruba exits U.S./ECSA loop as subprime fallout kicks in
- APL starts North Europe/Baltic feeder
- Bahamas ratifies ILO seafarer labor standards
- NYK develops fuel saving device for bulk carriers
- Vessel loses engine power in River Clyde
- Cathay cargo volume up, but capacity growing faster
- Canadian trucker, railroad extend contract
- RoadLink Acquires Seattle drayage firm
- Secure Freight report heads to Congress
- U.S. retailers welcome signing of Economic Stimulus Bill
- Stater Bros. opens $300 million grocery DC
- Carrefour awards Turkey distribution contract to Kuehne + Nagel
- Freytag new Schenker CFO
- New Orleans seeks funding for port expansion
- Tacoma port reorganizes staff structure
- Port of Savannah adds four cranes
|
 | web site |
| FEBRUARY 14, 2008 |
- Höegh Autoliners moves back to Norway
The new, competitive Norwegian shipping tax regime has attracted Höegh Autoliners back home from Bermuda. 43 car carriers will be held by its Norwegian ship-owning entity, but by 2012 Höegh Autoliners will have 61 or more car carriers under ...
- One body recovered from sunken Omer N
The wreck of the Turkish owned coaster Omer N contained only one of the three missing seafarers. The salvage company managed to raise the wreck of the coaster Wednesday this week after a 45 day break due to bad weather ...
- Classification societies raids on links with IACS
Last month's dawn raids on European classification societies focused entirely on the possible links to the London-based International Association of Classification Societies (IACS). According to an insider the EU inspectors were scanning files for the word "membership" and two ...
|
 | web site |
| FEBRUARY 14, 2008 |
- Shipowner fights back in clean-up row
Louis Hellenic Cruises says government making threats, avoiding 'constructive dialogue'.
- IBIA welcomes 'victory for common sense'
Association applauds exclusion of bunkering from new transfer regulations.
- Nigerian refineries resume production
Bunker players expect prices to come down as avails improve.
- Bunker growth for Gibraltar
After a drop in 2006, the port clocks new bunkering record in 2007.
- Singapore container throughput up year-on-year
Asian hub sees shipping boom continue as January figures remain strong.
- Rotterdam market firm
- Saudi Aramco sells highly-sought cargo
180 cst cargo bound for Singapore sold at the highest price level in six months.
- Sydney spot market out of 180 cst bunker fuel
Both 380 cst and 180 cst bunker product unavailable in Melbourne.
- Sulphur reduction proposals allow for 'mix' of options
But the Hong Kong Shipowners Association says it still supports switching to distillate fuels.
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
