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| FEBRUARY 19, 2008 |
Shipping News
- Dry-bulk freight rates may extend gains for 4th week
Dry-bulk shipping rates may extend gains for a fourth week, following an agreement by Asia's three largest steelmakers to a 65 per cent jump in annual iron ore prices and on China's demand for coal and grains.
- Hyundai wins $900m Singapore harbour deal
South Korea's Hyundai Engineering & Construction said yesterday that it has secured a 600.45 billion won (S$900 million) harbour development order from Singapore.
- 10 French sailors rescued after yacht capsizes off New Zealand
Ten Frenchmen from a racing yacht that capsized yesterday off New Zealand were winched to safety by helicopter and flown to dry land, rescue officials said.
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| FEBRUARY 19, 2008 |
- Port of Qingdao January box volume sets new high
- Wenzhou to add 10 deep-water berths in five years
- DPWN chief quits after police raid his home, office in million dollar tax evasion case
- WLDPO sets up China office in Beijing
- Freight rates from Indian subcontinent to Europe to rise by US$100 per TEU
- Hutchison Port Holdings wins Karachi container terminal contract
- Mideast shipping sector sees bright future regardless of US economy
- Hong Kong Express Airways to launch Okinawa service in April
- Xiamen Airlines launches Tianjin-Singapore service
- Continental to share US$158 million in profit with staff
- Macau Airport cargo volume down two per cent last year
- Singapore's Jade receives first FAA certification from US
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| FEBRUARY 19, 2008 |
- Hapag-Lloyd restructures EEX service
- CMA CGM drops Auckland for Tauranga in Nemo service change
- Kalmar expands presence in Americas
- NOL quarterly profit soars four-fold
- "K" Line joins CRS service
- Diana Shipping enters into time charter deal with Atlas
- Hanjin plans Spanish terminal
- Valenciaportpcs.net increases INTTRA offerings to customers
- UK shipping interests rally against changes in tax regime
- PM inaugurates Indian Ocean Naval symposium
- Hapag Lloyd & Hamburg Sud restructuring EPIC service
- InterManager to protect seafarers from unfair arrests & victimisation
- Trade with China surges by 77 pc in January
- JNPT's stall at Shipping Expo attracts ex-President Kalam's interest
- JSW Infrastructure reveals ambitious plans for slew of seaports, shipyards & airports
- Bharati Shipyard in JV with Kolkata co. to set up dry dock
- Freight rates for decontrolled fertilisers to be uniform
- Sical Distriparks opens 5-acre state-of-art yard for empty boxes in Tuticorin
- Industrial growth slips to 7.6 pc in Dec. 2007
- CMIE coats economic optimism with a tinge of grey
- DTAA with Mauritius in for revision
- Ahluwalia: India will shrug off slowdown ripples
- No nation immune to US meltdown, warns IMF chief
- Think-tank brings out negative aspects of SEZs
- Assocham survey sees Budget sting tempered by poll considerations
- ...may redefine services export
- Finance Commission looking into refund of state levies to exporters
- 10 more AEZs to come up in state
- Jersey seeks increased trade with India
- Guidelines for foreign currency exchangeable bonds issued
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| FEBRUARY 18, 2008 |
- New man at the helm of TLF
- Otal upgrades container ro-ro service
- Swiss continues network expansion
- Baltrans to become wholly owned subsidiary of Toll
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| FEBRUARY 18, 2008 |
- Maersk cuts Danish crews
- Hamburg Süd and Hapag-Lloyd revamp EPIC
- Camillo Eitzen's good year
- Unions fight SCI ship tenders
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| FEBRUARY 18, 2008 |
- Olympia, Tacoma port boards plan logistics center study session
- Marcon brokers sale of pair of tugs/barge
- Toyota Material Handling making Arbor Day donation
- Port of Seattle taps Miller as Audit Committee member
- Northrop Grumman wins order for electronic navigation systems
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| FEBRUARY 18, 2008 |
- Credit crisis could spark shipyard 'fire sales'
CASH-STRAPPED owners will walk away from contracts they are unable to finance in current economic conditions, warns banker.
- ABS says China will fall short of yard ambitions
- Tanker giants take 'green and clean' initiative
FIVE companies start informal talks aimed at raising environmental operating standards over and above global regulations.
- SSA lauds Singapore tax holiday extension
GAINS from sales of vessels on Singapore Registry or under the AIS scheme will be exempted from income tax until 2014.
- The crucial matter of maintenance
SEAFARERS cannot be blamed for being afraid of lifeboat drills as even experts say the systems as "possibly inherently unsafe".
- Opinion forming
WHAT do seafarers really think about their jobs? Employers may have only half the picture as many seafarers have learnt not to make waves.
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| FEBRUARY 18, 2008 |
- Chinese undermined on ore prices
Nippon Steel and Posco have both agreed a 65% increase in iron ore prices from Brazil's Vale, leaving Baosteel as the chief negotiating vehicle high and dry
- Big Apple's orange ferries go green
NEW YORK City Council has voted to move the Staten Island ferries, which make some 33,000 trips between Manhattan and the island every year, to ultra-low-sulphur fuel
- Cochin to float dry dock
PUBLIC-sector Cochin Shipyard has sought permission from the government to launch an IPO for a new dry dock
- Confusion reigns at Ust-Luga
DEVELOPMENTS at Ust-Luga took a confusing turn after it was revealed that the development company may own fewer assets at the port than originally suggested
- Anything to declare? Yes, 50 tanks
THE Kenyan government is reported last week to have seized an illegal shipment of military equipment, bound for Sudan, in the port of Mombasa
- Red faces as Color rejects ferry
COLOR Line, the Norwegian ferry company, has refused delivery of the first of two 33,500gt fast ropax ferries on order from Aker Yards Finland
- Chinese marine growth outstrips GDP
- Eitzen predicts 'huge' fleet growth
- Two missing as bulker sinks
- STX gambles on bulk rates
- New bunker terminal for Malaysia
- Vietnam seeks to block auto imports
- Singapore tax concessions welcomed
- Landing craft master still missing
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| FEBRUARY 18, 2008 |
- Port of Long Beach drops employee driver mandate for clean trucks program
Motor carriers can operate with employee drivers or independent contractors under final version of clean-trucks plan.
- Restructuring charge hits TNT profit
- EU, Russia resume talks on WTO membership
- Six TWIC sites added
- Trucker hours rule comment period extended
- Coast Guard joining ITDS
- Deutsche Post CEO quits
- Obama proposes 'bank' to stimulate infrastructure spending
- Intermodal slows rail growth
- Canada trade surplus sinks
- Hanjin plans Spanish terminal
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| FEBRUARY 18, 2008 |
- Kobe rejects privatisation despite stagnating cargo volumes
- Indefinite strike looms at Indian port of Kandla
- German carriers to restructure EPIC
- Drastic changes urged for Canada's Pacific Gateway strategy
- Ewals signs up with Transfennica for Spain
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| FEBRUARY 18, 2008 |
- Riverdance still stuck
Precariously perched Blackpool ro-ro's hull undergoes further checks, but most bunkers removed.
- Srab sunk by Skagica
Swedish owner takes 2007 hit from operating and then selling veteran tanker.
- SNO hikes profit
Romanian shipyard pushes up earnings as revenues rise in 2007.
- TTA doubles up
Massive increase in profit for Thai bulker owner in first quarter to 31 December.
- BW Offshore on the up
Oslo-listed FPSO player posts strong 2007 profit as world's biggest converted unit pulls its weight.
- Bulker boost for MBC
Malaysian owner posts higher 2007 profit as dry cargo booms, while tanker TCEs down a fraction.
- Severnaya Verf boost
Russian state owned bank to plough $730m into expansion of St Petersburg shipbuilding complex.
- Chinese handysize sinks
Two missing as oldest bulk carrier in Jiangsu Ocean Shipping fleet goes down off the Philippines.
- Bid deadline extended again
More time needed to clear up "technical issues" concering Bulgarian owner Navibulgar's privatisation.
- Cochin eyes IPO
Indian shipbuilder applies for government approval to raise cash for new drydock.
- Imarex raises $28m
Norwegian derivatives player in over subscribed share issue to help finance Spectron takeover.
- CECO in the money
Axel Eitzen's holding company posts big 2007 profit as revenues top a billion dollars.
- Bosporus closed again
Key Turkish strait shut to tankers for third day in less than a week.
- Nine injured in yard blast
Workers hurt in explosion on bulker at Astilleros Rio Santiago in Argentina.
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| FEBRUARY 18, 2008 |
- Hamburg Süd integrating Costa's services into own network
- Europe Pakistan India Consortium set for change
- Kuehne + Nagel buys Houston oil & gas transport firm Elite
- FAST program begins renewals, online applications
- Commerce asked to work with industry on deemed export reform
- 'Band of Bakers' to fight for increased U.S. wheat supply
- China looking at ramifications of WTO study on auto parts export dispute
- Long Beach port breaks ranks on truck licensing plan
- Southampton Container Terminal still slowed by crane accident
- Tacoma Native American tribe looks to enter box terminal industry
- ILWU asks feds to investigate 2004 Seattle port warehouse sale
- Busan projects 7% throughput growth for 2008
- Rotterdam eyes linkup with Indian ports
- Calif. breaks down $40 million in port security grants
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| FEBRUARY 18, 2008 |
- Permission for union to terminate DIS agreement
The board of the union of catering officers, Dansk Sø Restaurations Forening (DRSF), has agreed on a termination of the mutual agreement under Dansk International Skibsregister (DIS) as a consequence of A. P. Møller-Mærsk's decision to lay off 200 ...
- Record high order book at Norwegian yards
At the turn of the year, order books at Norwegian yards are at record high NOK 73.0 billion ' of which between 80 and 85 per cent offshore vessels ' according to managing director Birger Skår in the sales organisation Norske ...
- Clipper orders more in China
The Clipper Group is reported to have been ship shopping again in China, where a series of bulk carriers has been ordered. The order was signed with Tsuji Heavy Industries for a batch of six 37,000-DWT bulk carriers for ...
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| FEBRUARY 18, 2008 |
- New York ferry to switch to low-sulphur bunkers
City council member says Staten Island ferry has been one of New York's 'worst polluters'.
- Construction work to start on Tangier-Med Terminal
'New port is set to emerge as a major bunkering hub' says Horizon Group CEO.
- Rotterdam market quiet
- Oldendorff expands bunker team
One new member joining this week with company looking to expand team further.
- Malaysia, Qatar firm in oil refinery project
MOU signed between Perak state government and Qatar firm.
- Spot bunker supply runs dry
Most Japanese traders unable to offer until early to mid-March.
- Malaysian firm to build bunkering facilities
Development of terminal at Sabah to include bunkering facilities and cargo and ferry jetties.
- Hong Kong 180 cst supply remains tight
Resupply due end of this week; some suppliers not affected by the shortages.
- Oil removed from stranded lifeboat
DV Howells joins RNLI team in recovering lifeboat stranded at Northern Ireland.
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