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| JUNE 16, 2008 |
Shipping News
- Caribbean tanker rates up on port delays
The cost to transport crude oil from the Caribbean on Aframax tankers surged last week as delays at Gulf Coast ports forced charterers to hire additional ships.
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| JUNE 16, 2008 |
- Hapag-Lloyd acquires new boss, restructures executive board
- Hanjin Shipping to offer Malta-Adriatic Feeder service
- World customs bodies call for 100pc screening law to be scrapped
- Jiangsu trade value in first four months second largest in China
- Seoul police build container fort to stave off beef import protesters
- As price rises, Indian oilmeals move out in containers
- RAND Corporation downplays terrorist-pirate threat
- Continental strikes new deal for ExpressJet capacity
- ATA sues FedEx after filing Chapter 11 for loss of military business
- AirBridgeCargo receives AOC from Canada
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| JUNE 16, 2008 |
- Maxicon launches MIB service ex-JN Port
- Goodearth Maritime plans IPO to finance $ 800-m shipyard project
- Seasonal dip in India to N. Europe & E. Asia freight rates
- MMTC floats tenders for coke import
- Stockpiles of iron ore at Chinese ports lower demand
- GTI attracts 4 services in just 2 months
- Talks this week to boost rail freight services with Pak
- Gati planning 7-10 pc hike in freight rates
- CONCOR pays 75 pc dividend
- Road freight rates in TN hiked by 20 pc
- Currency factor now favours apparel exporters
- Steel products export duties modified
- Doha round crucial to India-Nath
- Cabinet approves amendments to DTAA with Syria
- Land lease pacts of 7 Goa SEZs revoked
- RBI's lending rate hike too late to halt rupee fall-experts
- 15 pc export duty imposed on iron ore
- Forex reserves up
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| JUNE 13, 2008 |
- Economic Zones World purchases Gazeley
- USA reduces delays in busy corridor
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| JUNE 13, 2008 |
- Port of Olympia Commissioners Ok $14.9 million in new GO bonds
- US rail freight traffic sees gains, losses
- APL vessel earns honors for rescue of family at sea
- Port of Portland Oks lease for Corps' dredges at Terminal 2
- WalMart names Evergreen Line International Ocean Carrier of the Year
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| JUNE 13, 2008 |
- Somalia food aid shipments at risk
WORLD Food Programme will be stopped unless the UN can find a navy to take over in escorting aid ships.
- IMB urges Somalia patrols as UN backs military force
- Back-up plans readied ahead of Hapag-Lloyd sale
BOX lines are discussing contingency plans in the event of another round of consolidation.
- Car carrier capacity shortage 'will continue'
HÖEGH Autoliners chief warns sector will continue to experience shortage of capacity until the end of next year.
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| JUNE 13, 2008 |
- Dry market sinks deeper
"HIGH flyers have further to fall", says Fairlay's markets editor Andrew Lansdale, based on continued falls in the Baltic Capesize Index, which is down a further 1,218 points to 13,960 today after yesterday's record fall.
- Spanish owners seek compensation
SPANISH owners are seeking legal advice over compensation for major losses incurred this week during the road hauliers strike over soaring fuel costs. Full Story
- Piracy and terrorism linked?
CONCLUSIONS in a RAND report fail to consider the "cross pollination" that may be going on between pirates and terrorists, security insiders say. Full Story
- Subic cargoes require scanning
CUSTOMS in the Philippines are now subjecting all Subic Bay Freeport-bound cargoes to full X-ray scanning. Full Story
- Soaring bunker costs damage Viking
A 52% increase in bunker costs has had a negative impact on yields for Finnish cruise company Viking Line. Full Story
- Transpetro to announce Promef tenders
TRANSPETRO, will release the tender document for its fleet renewal programme, (Promef 2) later today or by Monday afternoon at the latest, says its president.
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| JUNE 13, 2008 |
- Exporters warned on e-filing penalties
Trade has less than four months to prepare for the enforcement of new electronic filing regulations for exports which carry new fines as high as $10,000.
- Evergreen switching NUE to APM Terminals in Virginia
- Matson to raise surcharge
- Floods stall Midwest trains
- Horizon Logistics, DAS open Puerto Rico car service
- Intermarine charges rise
- Study: NYC should expand maritime support services
- Portland keeps dredges
- Evergreen Line cooperating in greenhouse gas project
- CII hosts FMC seminar
- Teamsters union files to represent Atlas, Polar
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| JUNE 13, 2008 |
- Blue-chip ocean carrier for sale: one careful owner, reluctant sale
The die is cast and in the next few days German tourist giant, TUI AG, parent of Hapag-Lloyd, will send out an 'information memorandum' to potential buyers and set the 'beauty parade' in motion to sell off the ocean carrier to the highest bidder; whether they reside in the Federal Republic or elsewhere.
- Vuosaari gears up for post-panamax ships
- Rotterdam's rail hinterland traffic on a growth spiral
- Concor and FACT set up CFS at Vallarpadam, India
- Freightliner acquired by Bahrain investment fund
- More trouble brewing in Brazil
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| JUNE 13, 2008 |
- Genmar indicted
Peter Georgiopoulos-led General Maritime faces federal charges in Texas over waste oils from the Genmar Defiance.
- Hosco takes resale
VLCC on order at Jiangnan Changxing goes to Gao Yanming-led Hebei Ocean Shipping for $145m, brokers say.
- 'Manifold impact'
White & Case lawyer says recent High Court decision in Gearbulk's claim against Stocznia Gdynia could give shipbuilders an out.
- Trico man wins
Joseph Compofelice cleans up in shareholder vote to become new chairman of DeepOcean.
- Easy there!
Sir Stelios' latest addition, easyCruise Life, grounds off Syros less than a month into operation.
- Ship my car
US containership owner Horizon Lines pens a deal with DAS Global Services to ship cars from New Jersey to Puerto Rico.
- Onassis encore
Tanker titan revived in new play about his relations with Jackie O, Callas and son, Alexandros.
- Genmar to rise?
Nordic bank Nordea starts investment coverage of tanker owner with positive view of shares.
- It's quotes time
Iranian bachelors and spinsters face the sack while Christodoulou earns air miles and brownie points.
- Shreyas sells oldie
Indian owner releases 22-year-old multi-purpose vessel in $11.5m deal.
- Translink orders
Vancouver operator back at Washington Marine yard for another SeaBus ferry.
- Horizon goes green
New environmental effort addresses water and air pollution, as well as sustainable logistics.
- K-Sea snags credit
US tank-barge owner signs on to new and extended credit to fund tug boat and ATB acquisitions.
- Port rapport
Moroccan port of Tanger-Med links up with Calais, Dover and Algeciras on trade and security.
- TK targets $220m
Teekay Offshore Partners in line for windfall after detailing follow-on offer and share sale.
- MLL's $2bn splash
Indian shipowner Mercator wants second hand rig to launch offshore spending spree.
- Lion IPO for NCS
New Century Shipbuilding of China to seek $1.5bn IPO in Singapore this year.
- CSSC in gear
Chinese shipyard group spending big on new ship engine plant in Guangzhou.
- Corking
Icelandic lo-lo line Samskip links Irish port of Cork to Rotterdam and Zeebrugge.
- Time up for EMS
Eitzen Maritime Services says 'watch out' as it calls time on Spanish retailer Clockwise.
- Life saver
Aker Finnish yards may have secured work the day after STX threatens axe.
- Two held in HK
Flooded emergency pump room lands Hong Kong boxship in hot water with inspectors.
- Dof sells to Trico
Helge Mogster-led offshore owner is NOK 100m up after selling its stake in DeepOcean to US giant.
- WFP in aid appeal
End of Dutch naval escort contract has World Food Programme seeking cover in Somalia.
- Grand gesture
Boxship alliance adding ninth ship to Japan-Europe run to cut speeds and emissions.
- Newbies cost BC
Cash splashed on German newbuildings dents Canadian ferry owner's annual result.
- Levinsen out
Aker's Okean shipyard in Ukraine gets new president as Russians prepare to take control.
- New CFO at Aries
Mons Bolin-led company has a new chief financial officer.
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| JUNE 13, 2008 |
- P&O Ferries to order car-passenger ferries from Aker Yards
- Cathay/Dragonair May cargo volume rises faster than capacity
- Korean truckers strike over fuel costs
- Great Lakes traffic: ore up, limestone down
- Perkins Logistics acquires Vogel Specialized Hauling
- Manufacturers ask CBP to test drive "10+2"
- Aldonas: Link U.S. trade preference to supply chain development
- Manufacturers see negative GDP in 2nd quarter
- Congress told of need to strengthen chemical security
- Choice wins contract from Elekta
- CorTrans names Jones executive VP
- SFI report throws cold water on box scan law
- Maher files complaint against N.Y.-N.J. Port Authority
- Long Beach port terminal plan gets public boos, cheers
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| JUNE 13, 2008 |
- P&O to place order in Finland
Aker Yards and P&O Ferries have signed a letter of intent for two 49,000-gt car- and passenger ferries worth totally EUR 360 million. Delivery is scheduled to take place in 2010 and 2011 respectively, and the vessels will ...
- Russian admiral blames shipowner and shipyard for fatal accident
The Russian navy chief Vladimir Vysotsky visited the navy shipyard in Baltiysk after the explosion on the container carrier Enisay on 5 June, when nine persons were killed and three were injured. According to newsru.com, he said that the 82 ...
- 64-year old tanker sold to Nigeria
The average age of the Danish flagged merchant fleet was lowered on Thursday, when the 64-year old veteran tanker Tiny Swan was taken out of the register. The tanker has been sold to Nigerian Great Eagle Maritime International of ...
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| JUNE 13, 2008 |
- From sludge to biodiesel
Grant awarded to university for sustainable fuel research.
- Piraeus terminals go to COSCO
Marine Minister predicts 'substantial increase' in turnover. Investment could reverse bunker market's decline.
- Global bunker market report
- Fujairah pipeline behind schedule
Work on the project has been put back to March 2010.
- Rotterdam bunker market remains firm
- Singapore bunker prices extend gains
Buyers stay on the sidelines because of high prices.
- Singapore sees drop in bunker sales volume
Bunker sales in May fell on high prices.
- Fuel oil arbitrage expected to dip
Fuel oil inflows to Asian markets to slow in July.
- Shipping 'slows global warming'
Spokesman for Greek Shipping committee says ship emissions actually lead to 'global cooling'.
- Greek shipping says 'no' to CO2 taxes
Says liners are already consuming fuel efficiently due to surging bunker costs.
- OPEC will not raise output
The oil cartel maintains that supply is 'more than enough'.
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