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| JUNE 18, 2008 |
Shipping News
- TUI CEO on Hapag-Lloyd marketing tour
TUI chief executive Michael Frenzel is making an Asian tour to market container shipping business Hapag-Lloyd, which the German group has put up for sale, a source familiar with the situation said.
- Analysts split as shipping rates continue to plunge
The cost of shipping dry freight has plummeted in the last week, with differing explanations united by a focus on iron ore and China.
- South Korean strike halts trade to the tune of US$5 billion
Export-dependent South Korea said yesterday that a strike by container truck drivers in protest at soaring fuel prices has disrupted international trade worth almost US$5 billion.
- Shipping sector faces tougher financing
Strait Talk
- Don't let fast pace of growth overshadow safety
THOSE who have been in the industry for a decade or three may vaguely remember a feeling of curiosity on seeing the first South Korean-built ship and wondering whether that country might be a serious challenge to European yards.
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| JUNE 18, 2008 |
- HK's May up 1.6pc to 2.01 million TEU year on year, Singapore up 12.3pc to June 1
- TUI chief executive tours Asia to find buyer for Hapag-Lloyd
- Zim share sale called off because of poor market conditions
- US Customs tells Senate 100pc screening impractical, HK, Singapore would take big hit
- Shanghai holds transport logistics trade show
- Hong Kong Government holds forum on HK's logistics hub role
- Last Liberty ship bound for afterlife as Greek Museum
- US brings Asian jobs to Americas as transpacific rates rocket
- Southampton Container Terminal to be renamed DP World Southampton
- IMO commissions Nigerian Maritime Rescue Coordination Centre
- Bengal to test double stacked box trains
- Northwest Airlines to suspend cargo service to Guangzhou in July
- Wuhan's first all-cargo airline founded
- Air China launches Beijing-Beihai service
- Oil prices to bring US airlines to their knees, says study
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| JUNE 17, 2008 |
- Now, smaller oilmeals shipments in containers found more economical
- Karmahom on last lap as July 1 draws near
- Edible oil imports plunge in May
- Gems & jewellery exports leave glittering trail
- Coimbatore cotton yarn catches Egyptians fancy
- Lanka vanaspati producers now prefer to ship refined oils to India
- Ashish Pednekar gets berth on JNPT Board
- CONCOR doing utmost to clear backlog of boxes at JN Port, avers CGM-W. Region
- TCI plans to raise Rs 50-75 cr. through stake sale
- CMIE paints rosier economic hue
- India & China to remain top sourcing hubs in retail & consumer sectors-PwC
- VAT panel to decide on ST relief for aviation fuel
- ADB chief warns of political fallout from rising food prices
- EPCES organising open house in city this Friday
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| JUNE 17, 2008 |
- Reshuffling of Hapag-Lloyd executive board
- HHLA's first AGM draws big crowd
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| JUNE 17, 2008 |
- Schluter fined
- OW's new barges
- New seafarers' website
- Ocean HeavyLift gets its ship
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| JUNE 17, 2008 |
- Aegean Marine Petroleum enters North American market
- Navios "blank check" company plans
$220 million IPO
- McCain sees the light on offshore drilling
- Samsung buys into Brazil yard
- U.K. Minister wants to "put a price on carbon" for shipping
- Technip and DOF Subsea win Brazil pipelay contract
- Clarkson's appoints CEO
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| JUNE 17, 2008 |
- Maritime Capital aims to double fleet
MARITIME Capital Shipping to boost handysize fleet as it pushes ahead with its Singapore flotation.
- Wah Kwong puts $160m IPO on ice
- Seaspan cherry picks ship deals
COMPANY only keen on ship acquisitions that meet its very strict investment criteria, says chief executive Gerry Wang.
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| JUNE 17, 2008 |
- UN secretary-general addresses the IMO
- Fincantieri listing 'blocked by unions'
UNION opposition is blocking plans for Fincantieri to privatise, says managing director, Giuseppe Bono
- Clarksons appoints new CEO
ANDI Case has been appointed as CEO of Clarksons, the world's largest shipbroker
- Hanjin unveils second Subic dock
HANJIN Heavy Industries has unveiled the specifications of its second dock now nearing completion in Subic, Philippines
- Iran seeks gas crown
IRAN is forecasting that it will surpass Qatar as the world's biggest LNG exporter over the next two decades
- Two more dead at Hanjin Subic
TWO workers have been killed in two separate incidents at Hanjin HI Corporation's Philippines shipyard in Subic Bay Freeport over the past few days.
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| JUNE 17, 2008 |
- Fuel burn: Re-evaluating supply chains
Soaring energy costs are forcing companies to squeeze more efficiency from their distribution networks.
- ILWU, port employers agree on healthcare benefits
- Hanjin consolidating back-office operations
- Two TWIC centers open
- Maersk Distribution Services renews So. Calif. leases
- CMA CGM expands Asia-Europe
- Maersk signs UK port pact
- Weaker U.S.-Canada truck traffic
- Maersk makes Va. military on-dock rail shipment
- Zim IPO postponed
- Long Beach selects Hankla
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| JUNE 17, 2008 |
- CMA CGM launches FAL4 with USPs
- Combating emissions 'among the biggest challenges' to the maritime industry
- US floods receding but logistics repercussions substantial
- Eurogate and Shekou to co-operate in key issues
- Melbourne sets records
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| JUNE 17, 2008 |
- Navios' new IPO
Navios Maritime Holdings prepares to launch a US-listed blank-cheque outfit.
- Dry-bulk charges
Peter G-led Genco heads the bull-run as dry-cargo stocks spring from the traps in the US.
- DP World grows
Expanding Dubai ports group takes controlling stake in Spanish container terminal.
- Chinese chain
HK-listed Sinotrans says it is in merger talks with state-controlled China Yangtze Transportation Group.
- Deadline looms
Clock ticks towards 1 July as talks between US west coast dockers and employers on new deal go on.
- Ship scuttlers!
Creepy cockroaches see MISC tanker held in UK while reefer also gets cold shoulder.
- Atlantic catch
Green Reefers pockets $1.3m in sale-and-leaseback deal on Green Atlantic.
- Oetker on the up
German parent of Hamburg Sud says 2007 shipping revenue rose 12% as volumes increased.
- Click for help
ITF launches new advice and support website for the world's seafarers.
- Herma upgrades
Philippines owner spending $55m on new double-hulled tankers, plus conversion of single-hullers.
- Vitol victory
VLCC charterer not obliged to undertake exercise in futility.
- River to sea
Bulgarian River Shipping eyes Black Sea ferry market.
- Case confirmed
Clarksons names ex-Braemar Seascope broker as new chief executive officer.
- Delay deja vu
Nearly 70 vessels kept in line at French port as revolving strikes bite once again.
- Passage to India?
Port of Antwerp could offer consultancy to Indian ports with delegation visiting country.
- Stolt dropped
Analyst lowers Oslo-listed owner's target price amid fears rising costs will stamp out improved charter earnings.
- Schluter slapped
German operator of MSC Uruguay hit with $1.2m fine for false oily-water records in US.
- Star exercises
Oslo-listed Star Reefers spends $14m exercising purchase options on pair of sisters.
- Dof splits $250m
Norwegian owner and j-v partner Technip fix newbuilding for four years with Petrobras.
- Tata set for six?
Reports indicate India's Tata Power could make owning debut with six-bulker order in Korea.
- Dire Dar
Port chiefs meet in Tanzania to find ways to improve operations, cut delays at Dar Es Salaam.
- MCP files for IPO
Mark Harris-led handysize bulker outfit registers prospectus in Singapore.
- Passport plot?
Ferry owner detained in Thailand after expired Indonesian passports found in office.
- Six pack
Peter Georgiopoulos' Genco Shipping & Trading snaps up capesize and handysize resales.
- Torm raises bar
Stronger rates for Danish owner's products tankers prompt hiking of profit forecast.
- Six for Songa
Oslo-listed company to buy sixth drilling unit, with Odfjell Drilling the seller.
- Samsung signs on
Korean shipbuilder finalises deal to take 10% stake in Brazilian yard Atlantico Sul.
- Cold shoulder
Baltic port shifts focus towards containers and cars after fallout with Russia cuts oil shipments.
- No future
Sverre Svenning sees Hebei Spirit spill as death warrant for single hull tankers.
- Drip, drip, drip...
Seadrill's slow and steady acquisition of SapuraCrest shares continues.
- No worries
Babcock & Brown Infrastructure seeks to distance itself from troubled parent.
- Samsung selected
Italian oil and gas contractor Saipem awards offshore vessel order to South Korean yard.
- Iraq eyes tankers
Tight deadline to meet oil ministry's request for bids for product and chemical trio.
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| JUNE 17, 2008 |
- China Shipping treads water despite stagnant transpacific trade
- Genco agrees to buy six ships for $530 million
- German ship operator, engineer plead guilty to falsifying records
- Hanjin realigns U.S. service center activity
- Navy accepts delivery of newest cargo vessel
- In India, dominoes lead from farmers to box delays
- Union Pacific: floods caused "significant damage"
- Beef protests and truck strikes cloud Korean economy
- USDA proposes changes to rules for Hawaiian produce to U.S. mainland
- U.S. loosens restrictions on shipping cell phones to Cuba
- Oakland port to vote on container tax
- Calif. commission questions Los Angeles port TraPac MOU
- Hankla elected Long Beach port commission president
- McNeel to succeed Moynihan at Port of Richmond, Va.
- Evergreen to call APM terminal in Virginia
- Maersk signs deal at Felixstowe
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| JUNE 17, 2008 |
- "Shipping must do more"
"IMO has achieved much, but more has to be done in the struggle against climate change and to reduce emissions of greenhouse gases". That was a message from the UN Secretary General Ban Ki-moon in his speech at the ...
- German operator sentenced in pollution case
The German ship operator Reederi Karl Schlueter GmbH & Co. (RKS) and a chief engineer working for the company have pleaded guilty to a charge that they falsified the Oil Record Book on the RKS-owned vessel MSC Uruguay. RKS was ...
- US to board vessels from Iran
The US Coast Guard has begun searching vessels, which have called at an Iranian port within five port calls before arriving in the US, reports the New York Sun. The vessels are boarded at sea before calling at a US ...
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| JUNE 17, 2008 |
- Global bunker market report
- Triple fuel surcharge 'a difficult decision'
Surcharge will come under review again in October.
- UN maritime body 'champions' global standards
UN secretary general says International Maritime Organization will 'play its part' in fighting climate change.
- IMO targets greenhouse gas emissions
Working group to convene in Norway next week to trash out global ship GHG reduction mechanism.
- Fuel efficiency 'expert group' established
Scottish Government steps up effort to find ways of reducing fuel costs for fishing sector.
- Traders fear 'oversupply' in Singapore market
July fuel oil arbitrage arrivals will outstrip June.
- Rotterdam market remains stable
- Asian bunker prices continue to drop
Bunker markets dip as crude oil prices weaken.
- Matson to raise bunker surcharge in July
Adjustment comes as fuel prices hit 'unprecedented' highs.
- Philippine liners up bunker surcharge
Several liners raise surcharges by 10%.
- Hong Kong proposes incentives to combat shipping emissions
A 45-page study spells out incentives and measures to reduce maritime pollution in Hong Kong and Shenzhen ports.
- SSA cool to cold ironing
'Holistic' approach needed, says leading local shipping executive.
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