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| JUNE 19, 2008 |
Shipping News
- Jurong Port's May throughput jumps 38%
JURONG Port saw an exceptional 38 per cent year-on-year jump in container throughput in May as it benefited from an increase in both size of vessels and the number of calls made by its key customers.
- Port Authority to sell or lease Freedom Tower
The Port Authority of New York and New Jersey is in talks with potential investors about buying or leasing a stake in the Freedom Tower, the 541 metre skyscraper under construction at the World Trade Center site.
- Floods to hit US transport firms' Q2 profits
The worst flooding in the US Midwest in 15 years is expected to reduce second-quarter earnings at shipping and transport companies, but the full extent of the damage to operations may not be clear for weeks.
- DP World to buy first Spanish port
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| JUNE 19, 2008 |
- Ships urged to reduce speed, burn low sulphur fuel in HK, Shenzhen
- Wal-Mart dubs Evergreen Ocean Carrier of the Year
- Maersk reportedly orders 44 box ships totalling 200,000 TEU
- Saudi ports see volumes rise 10pc in first quarter
- Hamburg strengthens inland waterways for shipping
- Argentine farmers to resume strike over soybean export tariff
- China to invest US$64 billion in air cargo industry by 2020
- Shenzhen Airlines starts three new domestic services
- Fuel hikes induce Air Berlin to reduce Shanghai-Dusseldorf flights
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| JUNE 19, 2008 |
- Hamburg Sud launching service linking China to Indian Subcontinent
- US job market may ride on Asian shipping cost swells
- Kalmar introduces World's 1st eco-friendly straddle carrier
- GE Shipping delivers Jag Prayog to buyers
- IRS showcases India's expertise in Posidonia 2008 at Athens
- Rice exporters may ride the gravy train from Nov.
- Biz ties in tourism on India & Tanzania agenda
- Port of Antwerp offers expertise & investments
- Even US Customs finds 100 pc box screening impractical
- Rail freight revenue up by 11 pc in April-May
- Jet Airways to focus on freight market via fully-owned wing
- Dry runs of double-stack box trains in Orissa next month
- Goa SEZ developers get show-cause notices
- Press Note 7 lists sectors beyond FDI bounds
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| JUNE 19, 2008 |
- LAN completes modernisation of short-haul fleet
- Time:matters opens Singapore branch office
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| JUNE 18, 2008 |
- IMO set to address CO2 emissions
- DP World takes over Tarragona terminal
- Maritime Capital set to launch IPO
- MCA detains 7
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| JUNE 18, 2008 |
- Calle Rotkirch takes helm at Grand Bahama Shipyard
- Matt Rigdon moves up at Rigdon Marine
- Giant ore carrier named "Ship of the Year"
- Now Bush says open OCS for drilling
- Multraship takes delivery of new ASD tug
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| JUNE 18, 2008 |
- Port of Seattle taps Huey as procurement office director
- ILWU/PMA report progress in labor contract negotiations
- Port of Tacoma schedules Small Business Vendor Fair
- Port of Vancouver, USA earns AAPA communications awards
- Mitsui vessel named top ship for 2007
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| JUNE 18, 2008 |
- STX mulls bid for DSME stake
STX Pan Ocean considering plan to take 50.4% share currently held by Korean state-run firms.
- Wilhelmsen to reflag fleet outside Norway
MOVE seen as snub to the government's handling of changes to the country's tonnage tax regime.
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| JUNE 18, 2008 |
- STX reviewing Daewoo M&A
PUBLICLY-LISTED STX Shipbuilding has told the Korean Stock Exchange it is reviewing prospective participation in a merger and acquisition (M&A) exercise in Daewoo Shipbuilding. The builder, however, has yet to make any formal decision on the next stage, in view of its latest plans to reconsider its M&A options.
- Sea is best for nuclear transport
SEA transport remains the best option for the movement of nuclear products, the World Nuclear Transport Institute (WNTI) heard today
- Vietnam urged to raise interest rates
VIETNAM should raise interest rates to tackle its runaway inflation, now running at 25%, says rating agency Moody's
- Foreign investors eye Polish yards
TWO foreign investors have declared interest in buying two Polish shipyards
- Optimistic forecasts for Aussie grain
THE Australian Bureau of Agriculture and Resource Economics (ABARE) has delivered an optimistic forecast for the nation's winter crops, despite acknowledging that conditions across the grain belt are 'variable'
- BC Ferries adds new vessel
BC Ferries has added the second of three new vessels to its fleet
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| JUNE 18, 2008 |
- Logistics taking bigger bite of GDP
Business logistics costs in 2007 exceeded 10 percent of the U.S. Gross Domestic Product for the first time in eight years, according to new CSCP report.
- Cosco doubling service to Port of Prince Rupert
- Rep. Mica: Time right for short-sea HMT exemption
- Customs opens Web site for reporting trade violations
- LA city council OKs port clean-trucks program
- Midwest flooding devastates freight operations
- Hamburg Sud plans two new Asia-India slings
- FedEx offers weak outlook
- W. Wilhelmsen re-flags fleet
- Wincanton pulls TDG bid
- Seattle boxes off 10%
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| JUNE 18, 2008 |
- AEL upgrades West Africa/Europe links
- DP World invests in Spain
- GE SeaCo borrows USD575 million to finance growth
- APM T wins Evergreen at Virginia
- MLL to use direct-to-dock system for US military cargo at Portsmouth
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| JUNE 18, 2008 |
- Savvy Saverys
Marc (above right) spends EUR 10.5m via private company Saverco to increase stakes in Euronav and CMB.
- Hebei charges
Prosecutors in South Korea want three-year jail terms for crews on both tugs and VLCC in country's biggest spill.
- Confined deaths
Two workers have died in another confined-space incident on an offshore support vessel in a Singapore shipyard.
- We're off
Car carrier player Wilh Wilhemsen (WW) opts out of new Norwegian tonnage tax regime, but keeps head office in Lysaker.
- Cool Britannia
Ice-class owner Britannia Bulk to list on NYSE but expected proceeds of $112.8m not too hot.
- $40m fix
Norwegian shipowner Solstad charters 12-year-old anchor handler for 1.5 years.
- Braemar ahead
Alan Marsh-led broking shop boasts six month profit will eclipse the figure posted a year ago.
- Jobs to go?
Government plans to cut workforce and privatise parts of struggling Malta Shipyards.
- Vyborg inks ten
New Russian owner confirms deal for multipurpose and container tonnage at Damen in the Netherlands.
- STX in for DSME?
Units of Korea's STX Group say they are considering bidding for controlling stake in Daewoo.
- Subic probed
Philippine authorities investigating another accidental death at Hanjin's shipyard.
- On the mooove
Vroon livestock carrier attacked off Philippines ready to sail for Australia to pick up mad cows.
- Taiwan relaxes
Restrictions to be lifted for ferry passengers heading from offshore islands to mainland China.
- Olsen sells
Norwegian shipowner pockets $95m from sale of Moroccan ferry owner Comarit.
- Log-In wins loan
Brazilian development bank comes up with $390m to help domestic owner pay for five new boxships.
- MCS aiming low?
Details of Maritime Capital Shipping's Singapore IPO surface, but is target on the low side?
- Daewoo's century
Korean shipbuilder claims to be the first yard to turn out 100 VLCCs.
- RCCL hikes again
US cruiseship line forced into raising fuel surcharges as costs continue to rise.
- Not for sale
Hapag-Lloyd property like its Hamburg headquarters will not form part of box line's sell-off.
- Nice little earner
Paris Dragnis' Goldenport confirms sale of vintage capesize and a tidy profit.
- Back to Bharati
Low profile Norwegian Shipping returns to Indian yard for more offshore tonnage.
- Yard plan floated
US engineers McDermott team up with Chinese shipbuilder in FPSO building pact.
- Raptor fixed
US-listed dry bulk outfit Genco Shipping ties up ex-Bocimar panamax for four years.
- Aegean grabs ICS
New York bunker supplier buys Canadian rival as well as two single-hull barges.
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| JUNE 18, 2008 |
- TUI chief in Asia -- looking for Hapag suitors?
- time:matters opens Asia office in Singapore
- Bush designates Aranoff, chairman; Pearson, vice chairman of ITC
- Key House Homeland Security aide joins Monument Group
- CBP seeks online tips of trade violations
- FMC reviews 24 OTI license applications
- Study: New York will need dry docks
- Bremerhaven, Shekou terminals sign cooperative arrangement
- L.A. port signs sister port agreement with Israeli port
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| JUNE 18, 2008 |
- ITF website to target substandard owners
The International Transport Workers' Federation, ITF, has launched www.itfseafarers.org where seafarers openly can discuss working conditions and other subjects on specific ships. The site also provides information on whether a ship is covered by a collective bargaining agreement. If not ...
- Wilh. Wilhelmsen turns down new tonnage tax regime
Wilh. Wilhelmsen ASA turns down the new Norwegian tonnage tax regime that was approved by the Parliament (Stortinget) in December 2007. 'The board of Wilh. Wilhelmsen has today chosen not to enter into the new Norwegian tonnage tax regime for ...
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| JUNE 18, 2008 |
- High fuel prices 'here to stay'
European Commission says efforts should now focus on fuel saving and renewable energy.
- Fishing industry 'must adjust' to high fuel prices
Norway's fishing fleet to seek 30% cut in fuel consumption.
- Single-hull fears on St.Petersburg agenda
Russian bunker association says conference will discuss the key issues facing the industry.
- Rotterdam barge market goes up
- Singapore bunker prices stable
Buyers are anticipating prices will fall in the next few days, traders say.
- ExxonMobil offers mid-July cargo
The high-viscosity cargo is likely to be sold into the marine fuels market.
- Japan's squid fishermen strike over fuel costs
Unprecedented two-day strike as rising fuel costs hurt profits.
- Fujairah oil spill situation 'getting worse'
Illegal dumping suspected to be cause of numerous oil spills in the world's second-largest bunkering centre.
- Aegean to take over ICS Petroleum
New acquisition will expand Aegean's presence in the North American bunkering market.
- Petron charters new double-hull
First locally built oil tanker has begun transporting bunker fuel within the Philippines.
- Fall in Hong Kong shipping emissions
Overall ship-generated emissions declined in 2006 compared with 2005, statistics have shown.
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