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| SEPTEMBER 18, 2008 |
Shipping News
- India, China urged to apply antitrust laws to liner shipping
Members of the Global Shippers' Forum (GSF) strongly called for China and India to apply their antitrust laws to liner shipping as Asia will become the last major trade area where they are not strictly supervised when the European Union adopts its anti-competition laws for the industry next month.
- China's cargo, container traffic slows
China's cargo and container traffic growth slowed in August for the third straight month as the country's trade with Europe and the US cooled.
- Ike-hit US rig owners poised to raise rates
The loss of oil and gas drilling platforms to Hurricane Ike will lead to higher rates for rig operators, who should also get some compensation for the jackups they lost, analysts said on Tuesday.
- UPS accused of poaching DHL's US customers
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| SEPTEMBER 18, 2008 |
- HK August up 6.7pc to 2.02 million TEU, Singapore rises 7.5pc
- Jiangsu's foreign trade up 21.9 pc in first seven months
- Da Chan Bay Terminal 1 holds series of business seminars
- Local firms win Gold at first Hong Kong RFID Awards
- United Arab Emirates ports raise container handling fees
- Economy in motion symposium September 26 at Vancouver, Washington
- U-Freight to celebrate 40th anniversary in Hong Kong this week
- Lufthansa looks to buy loss-making SAS: report
- Hactl to handle airfreight for Donghai Airlines in Hong Kong
- 38-year-old ex-SIA man appointed Great Wall Airlines chief
- Record high fuel prices pull down major airfreight markets in July
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| SEPTEMBER 18, 2008 |
- Embassy Freight's Cancun meet switches focus to L. American market
- Sical Logistics betters iron ore loading record
- MANSA's 30th AGM tomorrow
- Apeda weighs Russia, CIS markets for meat & veg
- Hurricane havoc to ships & cargo minimal
- 12 Major Ports together handle 8.37 pc more cargo during April-Aug.
- Rlys offers discounts on chemical inputs with aim of lowering end-products prices
- Website monitors goods train movements
- GSEC Ltd bestows awards on top performers at Ahmedabad ACC
- Govt proposes, RBI opposes
- All export sops to end this month-end
- Economy's growth rate, huge investments seen weathering US storm
- US crisis may dim export target, fears Nath
- RBI arrests rupee's plunge
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| SEPTEMBER 17, 2008 |
- Estonian railway to loose Russian oil transit
- Sinotrans with higher net profit and turnover
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| SEPTEMBER 17, 2008 |
- Hijacked chemical tanker is Stolt Valor
- Hijackings spark danger zone debate in Philippines
- St Lawrence gets ready for strike
- IDB considers $400m Panama Canal loan
- More casualties, fewer losses
- IBIA speaks out on Singapore surveying dispute
- Premiums "below 1994 levels"
- MSC Napoli lingers on
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| SEPTEMBER 17, 2008 |
- Port of Houston open on limited basis
- Sinopec orders jack-up rig at PPL
- Conrad Industries reports on Ike impact
- USCG ups OPA financial responsibility levels
- CBP update on Ike port closures
- Bush threatens to veto offshore drilling bill
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| SEPTEMBER 17, 2008 |
- Expansion project impacts Bellingham Airport parking
- TSA opens TWIC centers across United States
- Union reaches new deal with Norfolk Southern Railway
- Washington Ferries holding series of public meetings
- OOCL opening office in Gdynia, Poland
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| SEPTEMBER 17, 2008 |
- Antonini slams Brussels' failure over Aker sale
PASSIVE position has harmed European yards and makes swift privatisation of Fincantieri all the more urgent.
- Aker Yards finds new boss at STX
- Lloyds TSB in advance talks to buy HBOS
MERGER could create one of the world's largest ship finance portfolios.
- China faces ports balancing act
CONFERENCE is told country faces overcapacity in some areas but a space crunch in others.
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| SEPTEMBER 17, 2008 |
- Cruises rerouted as Galveston recovers
CARNIVAL has rerouted cruises from Galveston because of the Texas island's severe damage inflicted by Hurricane Ike
- Iran cries 'lie' at hazardous cargo report
IRAN HAS labelled "a sheer lie" allegations that an Iranian vessel seized last month by pirates was transporting "a dangerous consignment", according to the Tehran Times
- Ports America insulated from AIG
THE AIG crisis in the US does not affect the largest US terminal manager, Ports America, which is owned by private equity firm AIG Highstar Capital
- Eurogate buys into Hungarian rail
GERMAN box terminal group Eurogate has acquired a 51% stake in Hungarian rail operator Floyd ZRt
- Alexandroupoli privatise plan reported
ALEXANROUPOLI'S port in northeastern Greece is to be privatised, reports in Athens indicated today
- Congress seeks blame in barge spill
A SENIOR maritime educator has blamed problems in the US maritime safety system for July's tanker-barge accident that caused an oil spill and closed the Mississippi River
- Iran's Tidewater stake sold for $178M
A 44% STAKE in the Iranian box terminal operator Tidewater has been sold to an unnamed investor for $178M
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| SEPTEMBER 17, 2008 |
- Shippers: Eliminate antitrust immunity
Shipper groups in North America, Europe and Asia call for further reduction in carriers' ability to collectively discuss rates and services.
- APM quitting Jamaica
- Carriers urge consistent ballast water regulation
- China fits shoe importers
- Houston port still closed
- Slow recovery after hurricane for Gulf ports
- Seaway strike threat
- Repairs limit vessel transits of Panama Canal
- Portland airfreight stalls
- American Commercial Lines outlook tops expectations
- DC vacancy rates up, new starts down
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| SEPTEMBER 17, 2008 |
- Bremerhaven's CT4 boosts H1 throughput
- Eimskip embroiled in XL loan guarantee rescue
- ANL's FAX becomes slot deal
- XINES bows to credit crunch as Capital Intermodal takes charge
- Global Shippers Forum seeks worldwide scrapping of anti-trust exemption for liner conferences
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| SEPTEMBER 17, 2008 |
- Shell's link open
Houston Ship Channel opens for ships headed to the Shell Oil and Chemical Facility, and Galveston's port reopens.
- Insufficient
Shipping shares continue to follow market decline after AIG bailout fails to calm plunging US stock markets.
- Oslo responds
AIG bailout sees Norwegian exchange bounce back from rough week with Camillo Eitzen the big winner.
- NOL in pole
Singaporean line will gain control of Hapag-Lloyd unless rival German consortium can come up with more cash, insiders say.
- All queued up
More than 100 vessels are held up as post-storm efforts focus on reopening Houston-area ports and waterways.
- Shun Tak hit hard
Massive fuel price hike sends first-half profit tumbling at Stanley Ho-led ferry and property owner.
- Financial foreplay
A Royal Boskalis Westminster takeover of Smit is becoming more likely as the pair trade blows, analyst says.
- Japan holds 15
Singapore ro-ro and Greek bulker joined on August detention list by array of general cargo tonnage.
- Clipper can't lose
Two companies vie for Danish ferry contract to Bornholm ' a Clipper joint venture and Mols-Linien, in which its owns 30%.
- Mason on march
Hedge fund splashes out $32m for near 15% holding in both American Shipping Company and Aker Philly.
- Yes to yard
Nearly 250 farmers give written consent to sell land for Bharati Shipyard's new plant in Midnapore, India.
- Google Sea
Internet search giant files patent for huge floating data centres based on ships.
- Swift response
EU competition chief Neelie Kroes promises a quick decision after Poland submits vital yard restructuring plans.
- Rio's grand plan
Miner Rio Tinto to set up terminal in Argentina to handle potash shipments from new Mendoza mine.
- Tallink settles
Estonian ferry owner ready to increase wages by 40% over three years to avoid strike action.
- Maltese interest
Malta Shipyards attracts up to 14 bidders as government prepares sale tender.
- Carnival relocates
Closure of Port of Galveston due to Hurricane Ike forces cruise line to rejig schedule.
- Hitachi revs up
Japanese shipbuilding group founds marine diesel engine plant in China with Shanghai Zhouji.
- Third time lucky
Montenegro gears up for another attempt to privatise shiprepairer Adriatic Shipyard Bijela.
- PPL in China first
Singapore's SembCorp Marine wins breakthrough jack-up rig deal from Sinopec.
- Stolt tanks up
Acquisition of German outfit Taby Group by Stolt Tank Containers to go through by end of the year.
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| SEPTEMBER 17, 2008 |
- Global Shippers Forum calls for antitrust reform in U.S., Asia
- Lower fuel prices bring no liner relief
- INTTRA Asia Pacific volume up 50%
- Tow industry, Coast Guard berated for Mississippi River oil spill
- U.S. government extends $85 billion lifeline to AIG
- Fed forecasts rough economic times in near term
- U.S. pork export industry's banner year continues
- FDA bans drug products from Indian maker
- CaroTrans, Cleve & Zonen partner in Benelux
- FMC reviews 20 OTI license applications
- Texas ports struggle in Ike aftermath
- Bolloré rebrands its ports and logistics network in Africa
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| SEPTEMBER 17, 2008 |
- Finance crisis may affect shipping long-term
It may take up to three years before the financial market has returned to normal trading for ship finance, claimed David Roberts of Fortis Bank at the Marseilles Maritime 2008 conference, Lloyd's List reports. He warns that the finance sector ...
- Maersk announces formal bid for Broström
Maersk has published its formal bid for the takeover of Swedish tanker owner/operator Broström. The offer is SEK 57 per share, which values Brostr'm at SEK 3.62 billion. The cash offer runs to 28 November 16.00 ...
- Anti-fouling ban in force
On 17 September an international convention banning the use of harmful substances in anti-fouling paints applied on ships' hulls entered into force. The International Convention on the Control of Harmful Anti-Fouling Systems on Ships (AFS Convention) was adopted ...
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| SEPTEMBER 17, 2008 |
- Houston fuel samples dispatched to Rotterdam
DNVPS advises shipowners that fuel samples will need to be temporarily re-routed in the wake of Hurricane Ike in Texas.
- Oil posts big one-day gain
Crude given a lift by AIG rescue and stockpile report.
- Singapore distillates respond to rising crude
Asian IFO prices still falling but crude oil markets firming in early trading.
- Bunker supplier confident despite financial turmoil
Chemoil says bunker sales volumes could rise as fuel prices tumble.
- ARA - some suppliers booked until end of this week
- Global bunker levy needs to be 'carefully studied'
Asian shipowners call for 'careful and thorough study' of global bunker levy and emission trading schemes.
- WS flat rates in for 'unprecedented' increase
Record bunker prices driver of the expected increase.
- Oil falls near $90
Global financial market turmoil sags energy demand.
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