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| APRIL 18, 2008 |
Shipping News
- 11 ships blocked by Nantes strike
A 24-hour strike at the French port of Nantes Saint-Nazaire blocked 11 ships yesterday while action at the oil port of Fos-Lavera was expected to disrupt traffic from around 1800 GMT for several hours. The strikes in both ports come after France's national port union called on workers last week to stage 24-hour strikes on a weekly basis to protest against government plans to privatise loading activities at state-run ports. It is up to individual ports to decide on which day to take action.
- 2 chaebols join fray for Daewoo Shipbuilding stake
GS and Hanwha, two of South Korea's largest business groups, joined steel maker Posco in a bid to acquire 50.4 per cent of Daewoo Shipbuilding & Marine Engineering Co in what would be the industry's biggest sale. The groups, or chaebols, want to buy the stake, valued at 4.29 trillion won (S$5.8 billion), in the world's third-largest shipbuilder to strengthen their construction, oil refinery and fuel production businesses, GS and Hanwha said separately yesterday.
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| APRIL 18, 2008 |
- Hamburg Sud to up capacity from Far East to west coast South America
- CMA CGM wins bid for Marseilles's new dry dock development
- Chengdu to start work on Asia's largest railway container centre
- Tianjin approved to set up free port-like bonded zone
- PSA Singapore Terminals to buy 79 gantry cranes from South Korea
- Kaliningrad Commercial Seaport up 397pc to 33,092 TEU in Q1
- SCF Containers to showcase latest designs in Melbourne
- Shenzhen Airport to start scheduled all-cargo service to UAE
- US expected to opt for air cargo screening, not inspection
- China's Linde Group joins Australia's Goodman in developing east German airport
- Forwarders cope with American Airlines' safety grounding
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| APRIL 17, 2008 |
- van Gent new Lehnkering shipping COO
- New management for SriLankan
- Stena expanding northern gateway service
- Second Emirates SkyCargo freighter to Toledo good news for DB Schenker
- Genesee & Wyoming acquires Rotterdam Rail Feeding
- Private Swiss postal services call for rapid liberalisation
- Tiaca annual executive conference and AGM, 12-14 May
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| APRIL 17, 2008 |
- EUKOR wins extension of Hyundai and Kia deals
- Piracy attacks up 20% in Q1
- Arctic regulation "vital"
- SPI buys Heidmar stake
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| APRIL 17, 2008 |
- Flotel conversion switched to Tyne
- Rowan warns on Q1 earnings
- Fredriksen now largest TUI shareholder
- U.S. ownership of OSG stock hits Jones Act minimum
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| APRIL 17, 2008 |
- Allegiant Air adding flights at Bellingham International Airport
- NASSCO lays keel for newest T-AKE ship
- PPanama Canal web site back on line with upgrades
- Crowley's West Coast tugs using ultra low sulfur diesel
- Mitsui inks deal for new LPG carriers
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| APRIL 17, 2008 |
- Evergreen mega boxships order stalls
CONTAINER giant appears to have fallen foul of credit squueze as reports say plans to deploy 12,400 teu vessels are coming apart.
- Evergreen poised to seal Virginia deal with APM
- Fredriksen raises stake in Tui
SHIPPING tycoon now owns 11.75% of German company, making him the biggest shareholder.
- FEFC lines target eastbound rates
EFFORTS to improve profitability of container services from northern Europe to Asia are being ramped up.
- The money men who stand watch
THE third of a four-part series on life in the shipping sector looks at the deals that keep the maritime sector afloat.
- Listening in to a casualty
VESSEL data recorders provide objective accounts of accidents, helping all sides to get to the bottom of matters.
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| APRIL 17, 2008 |
- New MD for Norwegian owners group
STURLA Henriksen has been appointed as the new MD of the Norwegian Shipowners' Association
- 100% scanning ' pros and cons
DP World has advocated radiation screening of all containers, while German port operators have opposed scanning just US-bound boxes, on cost and congestion grounds
- LatAm port problems cost $360M
OVERWHELMED ports, particularly in Brazil, cost shipping lines serving the East Coast of South America an estimated $360M a year
- Brazil stymies foreign investors
BRAZIL suffers no shortage of foreign investor interest in its port sector, but it can't close these deals until it streamlines its painfully long development process
- Navy denies 'no pirate arrest' story
THE Royal Navy today denied reports that it had been instructed not to take Somali pirates into custody in case they claimed asylum in the UK.
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| APRIL 17, 2008 |
- Fredriksen now largest TUI shareholder
Stock raid by the Norwegian billionaire fuels new speculation regarding the future of the world's fifth-largest ocean container carrier.
- Feds investigating Puerto Rico carriers
- Port of Montreal plans $2.5B expansion to 4.5M TEUs
- USTR Schwab: Pass FTAs
- Closer co-op for CKYH
- Matson Navigation parent completes Savannah DC buy
- Shorris resigns as head of NY/NJ port authority
- Developer AMB ups profit
- Canada probing rail freight
- OSG still Jones Act carrier
- U.S. streamlining ASEAN document procedures
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| APRIL 17, 2008 |
- Duisport beat the drum for D3T opening
- CKYH Alliance pulls together to offer joint services
- OOCL enjoys a good start to 2008
- MRS and Libra Terminais team up
- CTL launches rail link between Poland and Germany
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| APRIL 17, 2008 |
- Tallink heads into the red
Higher bunker bills pushed Estonian ferry operator to loss in six months to 29 February.
- Wilhelmsen staying?
Car carrier giant looks unlikely to quit Oslo over controversial tax bill.
- FBI raids Jones Act players
News is emerging of an FBI antitrust investigation of US domestic liner shipping companies with raids on three shipowners this morning.
- Top sale helps dodge survey
US-listed owner says a troubled share offer played no part in its decision to sell a newly-arrived panamax.
- Japan holds 13
Port state checks ended in detention for Flying Leaf boxship and United Ocean bulker during March.
- Vinashin fires in first
Vietnamese shipbuilder sees three month revenue rise by over 100% year-on-year.
- Kiribati crews dumped
German owners' patience with drunken, fighting Pacific islanders wears thin.
- Costs sting Stolt
Revenue rise eaten up by soaring fuel and manning expenses at Stolt-Nielsen while no disposals gains reported.
- Master "could have done more"
Thome captain criticised in UK accident report after products tanker dragged anchor in January.
- Good growth for OOCL
Volumes and revenues rise in first quarter for Hong Kong boxship owner.
- Fredriksen ups TUI stake
Norwegian shipping giant is now largest individual shareholder in Hapag Lloyd parent.
- Norden banks $53m bonus
Record profit on a single ship sale swells full-year forecast at Carsten Mortensen-led bulker owner.
- Evergreen axes yard plan
Taiwanese boxship giant blames global economic turmoil for decision to pull shipyard venture in Fujian, China.
- A&P wins Maiden work
UK yard to convert former cargoship into accommodation vessel in deal worth '30m.
- Green light for 'weapons' ship
Chinese vessel said to have weapons destined for Zimbabwe onboard given all clear to enter Durban.
- Hanwha eyes Daewoo
Korean industrial group the latest name to declare interest in privatisation of domestic shipbuilder.
- Lloyd Fonds defends costs
German fund manager sees tax almost double and other costs grow but fail to keep pace with equity placement growth.
- Eukor extends Korean deal
Car carrier operator has extended its deal to ship cars for Hyundai and Kia potentially up to 2020.
- Clear-out for Vroon
Dutch owner offloads five elderly offshore vessels as part of fleet renewal.
- MOL in Qatari LPG tie-up
Japanese shipowner to charter two gas carriers and jointly operate two more.
- Maersk and MISC team up
Danish and Malaysian line firms plan to work together on South East Asia-New Zealand trade.
- Piracy attacks jump 20%
Nigeria tops list of shame as the number one hotspot for attacks in the first quarter of 2008.
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| APRIL 17, 2008 |
- Congress critical of FMC
- OOCL sets strong pace in 1st quarter
- Fredriksen increases TUI stake
- CKYH Alliance leaders hold summit meeting in Japan
- FEFC details Asia/Med peak season surcharge
- Safmarine names Horn as Jones' Africa region replacement
- Wallenius-Wilhelmsen Korea unit extends deal with Hyundia, Kia
- Hoffmann new Cargolux board president
- Clinton ties gas tax suspension to oil industry profits
- Friedmann replaces Mazur as NS head of strategic planning
- EU offers harsh indictment of box scan law
- New South Korean president urges ratification of FTA
- Latin America a destination for a quarter of Chinese investment
- Indian construction firm to build shipyard north of Chennai
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| APRIL 17, 2008 |
- Eukor secures long-term contract for Korean car transports
South Korean car carrier Eukor, controlled by Swedish Wallenius and Norwegian Wilh Wilhelmsen, has secured an extension of its transport agreement with Korean car manufacturers Hyundai Motor Company and Kia Motor Company. The extension means that Eukor will transport 100 ...
- Piracy attacks up 20 per cent
According to the IMB (the International Maritime Bureau), 49 piracy attacks were reported in the first three months of 2008, compared to 41 for the corresponding period in 2007. This is an increase of 20 per cent. A total of ...
- EMSA seeks help from Public Conciliator's Office
The Estonian Seamen's Independent Union (EMSA) has decided to turn to the Public Conciliator's Office in the wage negotiations with AS Tallink Grupp. EMSA tried to initiate negotiations already in November, but they were postponed until January due to disagreements ...
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| APRIL 17, 2008 |
- Bunker market report from Praxis
- Fuel oil prices not keeping pace with crude
'Plentiful' supplies in Singapore and Rotterdam have slowed price increase in the fuel oil markets.
- Rotterdam throughput up in Q1
Port enjoys growing volumes, but oil product throughput dips despite higher imports as exports shrink.
- Extra OPEC output linked to fuel oil glut
- Car carrier agrees bunker adjustment factor
Agreement allows Eukor Car Carriers to extend its existing contracts.
- Rotterdam market firming further
- Singapore: Residual fuel stocks up
- Bunker costs eat into Hamburg Sud profit
Company sees 17% increase in container volumes in 2007.
- Titan to sell 2 VLCCs for $59 million
Sales will reduce group's dependency on the volatile VLCC market, company says.
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