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| MARCH 18, 2008 |
Shipping News
- Coastal expects new OSV orders of RM400m in 2008
Coastal Contracts Bhd expects to secure a further RM400 million (S$173 million) worth of new offshore support vessel (OSV) orders this year, The StarBiz reported, quoting executive chairman Ng Chin Heng.
- FedEx gives disabled an opportunity to sail
FedEx Express is helping to bring sailing to the disabled by entering into a two-year sponsorship agreement with Sailability Singapore, an organisation under the auspices of the Singapore Disability Sports Council (SDSC) which seeks to make sailing accessible to disabled Singaporeans.
- K-Line signs US$2b deal to carry coal
Kawasaki Kisen Kaisha, Japan's third-largest shipping line, signed a contract worth US$2 billion over 10 years to carry coal for JSW Steel Ltd and JSW Energy Ltd, securing cargo rates amid a drop in the market.
- Wreckage of HMAS Sydney found off Perth: Rudd
- DHL Express S'pore gets new general manager
- Clarkson's earnings rise 23% to £18m
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| MARCH 18, 2008 |
- CMA CGM profit up 58pc to $966 million on 40pc revenue increase in 2007
- TUI's Hapag Lloyd said to be seeking Hamburg Sud tie-up
- Asia Europe container rates highest since survey began in '93
- Evergreen upgrades Far East/Adriatic service with bigger ships
- Yangtze at Chongqing to accommodate 1,000 tonners by 2010
- Too many deaths from life boat accidents, say insurers
- Malaysia's North Butterworth Container Terminal's Phase 3 expansion meets deadlines
- Post TNT, EGLmerger, CEVA pre-tax profit soars 56pc in 2007
- Global Air Cargo report forecasts short-term overcapacity
- Xiamen Airlines to launch Nanchang-Macau service via Xiamen
- Philippine Airlines to launch Macau service
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| MARCH 18, 2008 |
- MOL to offer 3 new Asia-MidEast services from April
- Evergreen Line launches new Mediterranean feeder service-TFS
- K Line & MOL split Asia-Latin America service into 2 loops
- Tianjin port to be expanded to 100 sq km by 2010!
- Tanjung Pelepas dropped from Emma Maersk run
- Congestion prompts Maersk Line & MSC to avoid Dar-es Salaam calls
- Shanghai port may beat Singapore to No. 1 slot in 2008
- NYK provides free shipping for wave-powered vessel
- AWATA to raise rates from April 15
- OOCL Texas christened
- Shipping rates for commodities may go up
- DGS move to safeguard women in maritime industry
- The greening of OOCL's website
- Barloworld Logistics announces Swift global acquisitions
- Queen cruising in to Chennai, Mumbai Ports
- Just 2 years young, GTI packs a punch
- Chennai Port races past 2006-07 throughput
- Rewas & Alewadi ports to benefit from industrial corridor
- Railways aims to raise Rs 1,500 cr. from IPOs of 3 subsidiaries
- Instant coffee exporters concoct heady brew abroad
- Forex reserves rise to $ 3,03,460 million
- KASEZ breaking new ground
- 101 SEZs get formal clearance
- Paswan holds up steel regulator, free imports spectre unless prices are lowered
- Seafood exporters send S.O.S. to PM
- Target Plus scheme drained Rs 4K cr., estimates CAG
- Price fever rules out interest rate cut-Assocham
- Separate farm Budget ruled out
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| MARCH 17, 2008 |
- Arkas expands its activities in Italy
- Scandlines sets another record in 2007
- Air France-KLM to scoop up Alitalia
- Hupac/Russkaya Troyka: New shuttle train between Poland and Russia
- Panalpina still growing in 2007
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| MARCH 17, 2008 |
- Hamburg Süd, Maersk Line in Oceania ' N America link-up
- "K" Line in major bulker charter deal
- Evergreen's new Vietnam shuttle
- Dry cargo drives up Clarkson's profits
- EU law chief backs liability limitation principle
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| MARCH 17, 2008 |
- LCS 1 passes another milestone
- Algoma Central buys three from Viken
- Seismic ship to have K-Log electronic logbook
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| MARCH 17, 2008 |
- Top trader awards announced by Washington World Trade Club
- Horizon Lines taps Healey as Guam general manager
- TSA adding canine units as air cargo facility inspectors
- Trucking association predicts record highs for diesel fuel in '08
- Marcon acts as broker in sale of cruise ship
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| MARCH 17, 2008 |
- CMA CGM does not rule out further mega-partnerships
Alain Wils says that more mega-partnerships between container shipping's "big three" cannot be excluded.
- CMA CGM sets the pace with 58% income rise
- Clarkson stands strong against fresh claim
LONDON-based broker is the target of another claim from Russia's Sovcomflot.
- Hapag-Lloyd splits from parent Tui
CONTAINER shipping arm is to be separated from parent group, creating great interest from potential investors.
- Black Tide on the beaches of Brittany
THIRTY years ago yesterday - 16 March 1978, to be precise - the accident everyone had been dreading occurred on the coast of Brittany.
- Togetherness ticks all boxes
CO-OPERATION between classification societies makes a great deal of sense, always supposing it is undertaken in a way that does not alert the dawn raiders of Brussels competition regulators.
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| MARCH 17, 2008 |
- K Line signs $2Bn bulk deal
Japanese operator "K" Line has secured a ten-ship long-term consecutive voyage charter (CVC) deal worth about $2Bn over ten years with subsidiaries of the Mumbai-based O. P. Jindal Group
- Catalonia ships in drinking water
DROUGHT-hit Catalonia has chartered seven cistern tankers to ship drinking water into Barcelona
- Taiwan vote could boost China trade
THE forthcoming election in Taiwan could result in a radical new trading relationship with China, according to a report in the Macau Daily Times
- China approves coal exports
CHINA is allowing coal exports to continue despite its struggle to meet huge domestic demand for the commodity, says a Bloomberg report
- Antonini defends newbuild costs
- Second hit during NY dredging
- Parties agree $3.655M spill bill
- Tighter US rules for marine engines
- Hamburg Süd names its largest ship
- Varun focuses on offshore
- ILWU contract talks start today
- Hajara laments SCI container share
- Demand for bigger bulkers forecast
- K Line inks 10-year coal charters
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| MARCH 17, 2008 |
- LA port finalizes clean-trucks proposal
Final proposal retains provision limiting port access to drayage companies with direct employee drivers.
- Negotiations begin on West Coast longshore contract
- Maersk sells trans-Atlantic slots to CMA CGM
- LA air plan helps pay for LNG trucks
- Spin-off for Hapag-Lloyd
- Hamburg Sud christens largest container ship
- Freighter, dredge collide in New York harbor
- Hamburg Sud, Maersk cooperate in Oceania-N.A. trade
- Matson promotes Angoco to head Pacific operations
- Evergreen adds Vietnam shuttle
- Savannah upgrades box berth
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| MARCH 17, 2008 |
- Danaos Shipping posts strong profits
- Kalmar secures all in deal at Oslo
- Hapag-Lloyd to be spun-off
- Evergreen starts Taiwan/Vietnam shuttle
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| MARCH 17, 2008 |
- No Coast Guard split
Two US maritime officials say splitting the US Coast Guard's maritime safety and homeland security functions is not in the cards.
- Algoma buys Viken trio
Canadian laker operator splashes out $38m for elderly handysize bulkers.
- Legal claim drags Clarkson down
Shares in London-listed shipbroker sink to 15-year low after news of $71m Sovcomflot claim.
- Eternally optimistic
Despite volatility in the market, outgoing Connecticut Maritime Association President Peter Drakos says he's upbeat about the shipping market.
- TUI capitulates
Hapag-Lloyd in play as owning group gives in to shareholder pressure to put fifth biggest container line on new course.
- Preparing for CMA
The tables are set for the Connecticut Maritime Association's Shipping 2008, and TradeWinds Web TV is gearing up to take you there.
- Sovcomflot in new Clarkson claim
Russian shipowner serves fresh $71m case against the London-based shipbroker amid accusations of vessels being under valued.
- DFDS takes Norbulk twins
Pair of 2000-built ro-ros to be used on Danish owner's North Sea routes to replace older tonnage.
- Maersk in ratings deal
Danish company continues to backtrack on redundancies with latest improved offer.
- Nakilat storms ahead
Qatari LNG ship owner records a three-times hike in annual profit but earnings-per-share not as inflated.
- Hemas eyes shipping
Fresh from first ship agency deal, Sri Lankan group wants more marine action.
- Fair wind for Vroon
Dutch shipping group secures long term Centrica charter for wind turbine installation vessel.
- Bulker holed in NY harbour
Eagle Bulk-operated supramax sustains large gash above waterline in collision with dredger off Staten Island.
- Forth falters
UK ports operator posts lower 2007 profit after halting land sales, but terminals performing strongly.
- Eimskip stretched in Q1
Icelandic boxship and reefer owner's logistics buys push it to bigger initial loss in 2008.
- EPA pens new gas cap
US inks new ship emissions rules which it claims will bring savings of $12bn per year.
- Azizan joins MISC
AET tankers boss heading east to replace the retiring Shamsul Azhar bin Abbas.
- Arkas in bulker move
Fast growing Turkish containership group to invest in dry cargo tonnage.
- Brostrom banks sale profit
Swedish owner sells 37,000-dwt products carrier to partner Furetank for tidy gain.
- CMA CGM shows pristine profit
French boxship giant makes a fortune in 2007 as 98 ships are added to fleet and acquisitions chip in.
- Kuehne on TUI tail?
Majority shareholder of Kuehne + Nagel said to be part of bank-led group which could bid for Hapag-Lloyd.
- Clarkson cashes in
Booming bulker prices boost sale and purchase division while dry-cargo charter revenues reach record levels at London-listed shipbroker.
- Indonesia wants variety
State worried that domestic owner Arpeni has coal monopoly and orders power company PLN to look elsewhere.
- Evergreen eyes Haiphong
Taiwanese boxship owner to link "fast-growing" Vietnam to Kaohsiung hub.
- Samsung confirms drillships
DryShips looks to have declared options for two more units worth a combined $1.3bn at Korean shipyard.
- Subic warned on safety
Philippines threatens "to go after" sub-contractors who put lives at risk at huge Hanjin shipyard.
- K Line inks monster CVC deal
Shipowner to supply ten ships for India's JSW Group in deal set to create annual revenues of $200m.
- Asians triumph in Mexico
Consortium of Korean and Japanese companies to build and operate LNG receiving plant.
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| MARCH 17, 2008 |
- Bank says it represents potential Hapag Lloyd investors
- Hamburg S'd, Maersk to cooperate in U.S./Australasia trade
- Evergreen starting Taiwan/Vietnam shuttle
- Hamburg Süd names its biggest boxship
- Swanson to coordinate West Coast Industrial Express service
- ABX Air shuffles management
- Cargolux increasing fuel surcharge
- Senate declines to abstain from earmarks
- EPA sets new train and marine diesel standards
- Produce companies prepare for origin labeling
- Lytle approved as Long Beach port No. 2
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| MARCH 17, 2008 |
- Torm's best result ever
D/S Torm reached an all year result close to the forecast of USD 810-820 million. The result was USD 792 million after tax and after some USD 15 million to implement the OMI fleet in Torm. The revenue was ...
- Baltic Pilot starts deep sea pilotage on the Baltic Sea
The privately owned Finnish company Baltic Pilot Ltd Oy is going to start deep sea pilotage on international water in the Baltic Sea. The primary target groups are dry cargo vessels and tankers. In this sector especially the oil transports ...
- Mols-Linien reached profit record
Mols-Linien A/S had a record high profit of DKK 63 million in 2007, up by DKK 10 million compared to 2006. The result came in a year when several factors affected the company negatively. Fuel costs went through ...
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| MARCH 17, 2008 |
- Ship main engines excluded from new EPA emissions rules
Standards released, but only for sub-30 litre displacement.
- Oil drops on US recession fears
Prices may be at turning point as weak US economy outweighs new dollar low against euro.
- IMO turns fifty
No less than 50 international conventions and protocols have been passed since the UN agency was established.
- Bunker market report from Praxis
- Stena Oil boosts trading team
- New employee at O.W. Bunker Korea
- New bunkering JV enters Singapore
US-based firm and Indian oil refiner form partnership to start bunker business in Singapore.
- China Merchants in cold ironing drive
Alternative power for berthed ships to be encouraged at ports managed by China's largest port operator.
- Japan bunker sales improve on year
Sales up even as supplies remain tight.
- Ship spills bunker fuel in Ulsan
Small bunker spill said to be under control.
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