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| JULY 17, 2008 |
Shipping News
- Slower container shipping growth this year: Maersk
THE container shipping industry will continue to grow this year but at a slower rate than last year's 10 per cent, Maersk Line's Asia-Pacific chief executive Jesper Praestensgaard said yesterday.
- LNG tanker surplus sinks charter rates by 46%
Charter rates for liquefied natural gas tankers transporting spot shipments of the fuel have fallen 46 per cent in the past year because of a ship surplus and lower demand for LNG in Asia.
- PSA consortium tipped to win Tangier terminal
A PSA-led consortium is set to get the licence to operate a major container terminal in Morocco that will be the port operator's African beach head.
- Tianjin urged to develop more rapidly
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| JULY 17, 2008 |
- HK's June up 4pc to 2.01 million TEU year on year, Singapore rises 8.8pc to July 1
- Da Chan Bay Terminal One provides Hong Kong new feeder service
- CMA CGM restructures management team
- Old Canadian fisherman faces eviction for proposed container terminal
- Malaysia's Westports sees 17pc container growth in first half
- Chennai congestion prompts August container tariff hike despite protests
- Kolkata Port opens bids to build, operate, transfer 1.6 million TEU
- New Zealand charges Cathay, SIA of criminally failing to disclose
- Tanzania launches programme to boost horticultural air cargo
- South African Airways named airline of the year
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| JULY 17, 2008 |
- Samudera Shipping starts Haldia-Singapore CHX service
- With oil prices rising, shipbuilders switch focus to deep-sea drilling rigs
- BHEL may rope in RIL or ONGC to make offshore rigs
- Ship registration norms may be relaxed in month or two
- Several Asian shipping lines slap emergency bunker surcharge in Hong Kong & S. China
- DGS' age-limit for vessels effectively caps offshore oil hunt for ONGC, RIL
- Veg. oils imports swelling-SEAI
- Apeda eyes S. Korea, CIS markets for farm products
- Andhra drawing up strategies for port development, inland water transport
- GTI betters own 'track' record
- Krishnapatnam port inauguration today
- Rlys offering 25 pc discount for port-bound iron ore
- Amigo Logistics to operate as authorised courier at Ahmedabad ACC
- Report on FTA with Australia to be ready by Dec.
- Exporters move courts to clear maize consignments lying at ports
- 15 pc of govt orders may be guaranteed for SSI sector
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| JULY 16, 2008 |
- CMA CGM reinforces its management team
- CargoGulf announces faster services to Middle East
- Air France-KLM's money saving campaign
- TNT Express starts road services between China and South East Asia
- Transmec MP USA LLC now C-TPAT certified
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| JULY 16, 2008 |
- Insurance brokers bid for Panama Canal work
- Clipper Pacific held in NY
- Baltic publishes TCE assessments
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| JULY 16, 2008 |
- Grove named President and COO of ABS Pacific Division
- Guam Shipyard wins $11.5 million MSC contract
- Foss receives Clean Air Technology award
- Maersk Line Limited buys two cargo RO/RO's
- Cruise ship detained in New York
- New deadline for Polish shipyard restructuring rethink
- Washburn & Doughty determined to get back to work
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| JULY 16, 2008 |
- Groundbreaking ceremony set for Project Pier 1 at Port of Anacortes
- Boeing 777 freighter holds first flight test
- MOL training vessel helps typhoon victims
- Port of Bellingham eyes suit against City of Bellingham
- Customs officers nab fujitive at Seattle port of entry
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| JULY 16, 2008 |
- Bulk carrier hijack prompts IMB concerns
A VIOLENT robbery on a Norwegian vessel off Nigeria could indicate a broadening range of targets.
- Somalia and Nigeria at top of piracy tables
- Borg urges governments to follow EC's lead
MALTESE commissioner encourages adoption of the commission's new approach to maritime affairs.
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| JULY 16, 2008 |
- Lee guilty of Korean tax evasion
SAMSUNG'S retired chairman Lee Kun-Hee was found guilty today of tax evasion in South Korea, but his three-year prison sentence was suspended
- Sri Lankan army takes Tiger base
SRI LANKAN troops have captured a rebel naval base used by the Tamil Tiger rebels in the northwest on Wednesday, the government told Fairplay 24
- Brazilian port strike goes ahead
A 24-HOUR strike by port workers in Brazil went ahead today
- Maersk buys cargo/ro-ro ships
MAERSK Line, the US arm of AP Møller Maersk, has completed the purchase of two ships recently released by the Military Sealift Command
- Indian port strike called off
A STRIKE threatened by 64,000 workers at India's dozen major ports was called off today after a settlement was signed by the Indian Ports Association and the representatives of port and dock workers
- Longer pipeline undercuts US tankers
CANADA'S oil shipments across the US border could further undercut US tanker imports as a result of a huge pipeline expansion confirmed today by TransCanada
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| JULY 16, 2008 |
- SLOWDOWN!
The Pacific Maritime Association says ILWU tactics have reduced productivity by 20 to 30 percent.
- Maersk expects container volume to grow 7-8%
- EU may cut banana deal
- Gulf chassis pool opens
- Maersk Line Ltd. buys combination vessels
- WTO shrimp rulings upheld
- Record intermodal results power CSX profit in quarter
- Shippers blast carriers over Taiwan fuel surcharges
- Va. ports buy hybrid locomotives
- Pols hit TSA on air-cargo screening deadlines
- Mississippi River re-opened
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| JULY 16, 2008 |
- Halifax box decline prompts CN rail cutback
- More strike woes for Brazilian shippers
- Shenzhen's new terminal receives first Hong Kong feeder
- DP World Southampton hope new cranes bring better fortune
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| JULY 16, 2008 |
- ILWU slows down
Pacific Maritime Association says labour union disruptions cut productivity at Los Angeles and Long Beach ports.
- Damage reported
ISP chief executive says damage to the Clipper Pacific was reported before arrival, rather than discovered in a routine inspection.
- Clipped in NYC
The Clipper Pacific is detained in New York with 1,200 aboard after Coast Guard finds hull damage.
- Workers strike
Port workers go on strike across Brazil's coast for 24 hours, but many terminals continue functioning.
- Aker deal is go
Russian state investor FLC West gets green light to take over three shipyards from Norwegian group.
- Quoddy to delay
Developers of Maine LNG terminal project want state review process held back for changes.
- Tsakos lifted
US-listed tanker owner gets an estimate hike thanks to improved profit sharing deals.
- FFA boom
Forward-freight agreement volume jumps by 45% in the first half as dry-bulk volatility pushes futures market, says SSY Futures.
- Spar ship stormed
Armed pirates raid Norwegian bulker off Nigeria before departing with crews' cash.
- Klang to build
Malaysian port wants to add multipurpose berth to increase occupancy rate, with OOCL interested.
- Olsen cashes in
Norwegian offshore player gets $20m contract extension from Shell.
- Some way to go
Vietnamese joint venture yard Hyundai-Vinashin lagging behind 2008 revenue target at half-way stage.
- Two more months
Poland's yards win temporary stay of execution as EU gives government extra time to come up with viable restructuring plan.
- Banking on boxes
Maersk Line tips container sector to overcome credit crunch and high fuel costs to grow by nearly a tenth in 2008.
- Pay the ferryman?
Minoan could once again be touting its 33% stake in compatriot Greek ferry owner Hellenic Seaways.
- Good news?
Polish prime minister Donald Tusk believes an EU reprieve is pending in the struggle to avoid paying back shipyard aid.
- Aden deal
Yemen and Dubai in joint venture to develop port into container transhipment hub with initial $220m investment.
- Napoli lives on
Anchor from Zodiac containership to form centrepiece of UK exhibition marking its grounding.
- Bumi wants more
Malaysian offshore owner ready to spend up to $1.8bn to add to its FPSO fleet.
- Come on in...
Russia prime minister Vladimir Putin could open up country's waterways to foreign shipping.
- Forex fall
Analysts believe India's Great Eastern will announce fall in Q2 profit as foreign exchange losses bite.
- Cargo clampdown
Olympic security fears prompt China to halt imports of dangerous goods at some ports.
- Brazil takes four
Petrobras signs five- and six-year drilling contracts for four Transocean-owned units, including a drillship.
- Cash injection
Singapore's Marco Polo Marine has raised over SGD6 from a successful share placement.
- Tanjung fixes four
Malaysian offshore vessel operator inks charters worth MYR185m from Petronas.
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| JULY 16, 2008 |
- Samudera boosts Indian subcontinent coverage
- CCNI, Hamburg S'd calling Lázaro Cárdenas
- Eimskip changing Iceland/North America frequency
- American, Polish classification societies in joint research
- AerCap converting 30 A320/A321s into cargo planes
- Ohio senator assists in effort to save jobs at DHL hub
- CSX reports higher 2nd quarter profit
- New chassis pool in Texas, Louisiana
- Old Dominion offers new warehousing service
- Customs says Chinese goods were illegally transshipped
- NRF: U.S. consumers spending tax rebates on essentials
- China FDI on the rise as investors seek place to park money
- Vietnam imports from China through April total nearly $6 billion
- Kuehne + Nagel opens frozen foods DC in northern Italy
- Saddle Creek appoints Collins as marketing director
- Forwarders note concerns with 100% air cargo scanning
- Averitt offers new Asia LCL-LTL express service to Memphis
- Lowenthal statewide container fee bill passes Assembly
- Indian dockworker strike averted as government agrees to pay rise
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| JULY 16, 2008 |
- Global bunker market report
- Crude plummets after large US stock build
Oil prices fall heavily for a second day.
- High bunker bills puts Tallink in the red
First half result dragged down by 47% increase in cost of fuel.
- Fuel prices are 'hurting global trade'
But Maersk still predicts growth for container shipping lines in 2008.
- Russian bunker industry seeks tanker compromise
Industry association in 'intensive consultations' with transport ministry to limit impact of single-hull tanker ban.
- East Asian fuel oil market could be facing shortage
Traders say arbitrage arrivals 'may not be enough'.
- Rotterdam market very quiet
- Singapore prices fall from record high
Bunker prices soften in Singapore and other key Asian ports.
- Six liners impose surcharge despite protests
Seventh liner to fix surcharge on July 18.
- Soaring fuel costs call for long-term solutions
Bunker surcharges, slow steaming are 'short-term fixes', industry expert says.
- Bunker calculations skew Imarex and Baltic rates
Dollar-per-day charter rate assessments showing wide variations.
- EU fishing sector to get $3.2 billion aid
EU ministers approve aid to help fisheries cope with bunker costs.
- Bunker firms renamed
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