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| MARCH 20, 2008 |
Shipping News
- Guangzhou Shipyard Q4 profit more than triples
Guangzhou Shipyard International Co, the only Hong Kong-listed shipbuilder, more than tripled fourth-quarter profit after expanding capacity and shortening construction times. The company's shares rose the most in a month.
- Shanghai to use Yangtze for inland shipments
Shanghai, China's busiest container port, aims to make greater use of the Yangtze River for inland shipments as rising congestion and environmental concerns make road transportation less attractive.
- CMB fears US$ impact
Belgian shipping group CMB warned that 2008 results could be hit by the US dollar's fall against the euro as it confirmed final full-year 2007 net profit on Tuesday at 243.28 million euros (S$528 million). 'The evolution of the US dollar and of the freight derivatives (FFA) will have an impact on the results,' it said in a statement.
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| MARCH 20, 2008 |
- Taiwan's Yang Ming 2007 profit up 429pc, reveals plans to buy mega ships
- Guangxi Beibu Gulf ports offer sea-rail intermodal services
- Clarkson earns US$53 million in 2007, up 43pc
- Pakistan installs first container scanner at Karachi's PICT
- India's Sical Infra expects to spend US2.8 billion on container trains
- Philippines' ICTSI to spend US$283 million on container terminals in nine countries
- China's airfreight carriers lose market share to foreigners
- Nashik to open air cargo complex for Indian exporters
- Lufthansa Cargo launches e-freight in Germany's airfreight sector
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| MARCH 19, 2008 |
- New head of Lufthansa Cargo Center
- Hamburg Süd and Maersk Line to collaborate
- Soaring Lufthansa Cargo figures
- Cargo-Partner: Vienna-Rotterdam-Vienna rail shuttle
- Barloworld Logistics acquires Swift Group
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| MARCH 19, 2008 |
- Ship losses up 37%
- More EU-IMO talks
- TUI to spin off Hapag-Lloyd
- IMEC initiative bears fruit
- UK holds 6
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| MARCH 19, 2008 |
- Trinidad & Tobago picks Austal to build patrol boats
- Turkish yard cuts steel for Supramax bulker
- EPA moves against exporters of "toxic ship"
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| MARCH 19, 2008 |
- Coast Guard adds Iran to port security advisory list
- Panama Canal Authority awards contract for new dredge
- Port of Tacoma bringing commission meetings to web site
- Port of Seattle celebrates new Virgin America flights
- Evergreen Line adding new Taiwan to Vietnam run
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| MARCH 19, 2008 |
- Carnival newbuilding plans put in cold storage
CHAIRMAN Micky Arison says company unable to build new ships for US brands "at present dollar-valued costs".
- Arison stands firm on Florida fuel levy
- Aframax earnings soar amid cargo-fixing frenzy
DAILY earnings for aframax tankers in the Mediterranean rise by nearly $100,000 in less than a week.
- CMA 2008: Fears grow over orderbook deliveries
INDUSTRY experts concerned that a significant proportion of ships currently on order will never be delivered.
- Well-rounded Qatar takes leading role on global LNG stage
THE LNG industry has been characterised as both increasingly globalised and not yet truly global.
- Russia still holds cards for European supply
RUSSIA'S latest spat with Ukraine reflects the increasing strategic importance of LNG imports in the community's energy mix.
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| MARCH 19, 2008 |
- Gdansk yard under EU pressure
The new vice president of Gdansk shipyard says he is confident the ailing yard can reach a restructuring agreement with the European Commission within weeks
- Crew ransomed from Somalia
THE Danish-owned, Russian-registered tug Svitzer Korsakov, seized by Somali pirates while on its maiden voyage last month, has been released following the payment of a $700,000 ransom
- Schiffsbank confident of growth
GERMAN ship financier Deutsche Schiffsbank is confident it can further expand its business this year despite the turbulence in the world financial markets
- Ship losses soaring
SHIP losses have soared by more than a third in the last two years and there is no sign that the increase is slowing, according to global research from the International Union of Marine Insurance (IUMI)
- Kremlin shies away from Ust-Luga
THE Kremlin has deferred making a commitment on oil loading at Ust-Luga until after president-elect Dmitry Medvedev is inaugurated in May
- Robust Chinese yard triples profits
GUANGZHOU Shipyard has sent 4Q profits soaring by expanding capacity and shortening its construction times, according to a Bloomberg report
- PSA predicts port downturn
- Brazil plans 100 new vessels
- UK rejects Exxon's PDVSA asset grab
- Total accepts rap for French spill
- Brazil strike goes into Easter
- Will post-2009 orderbook collapse?
- Broker charged over toxic ship
- Indonesian low pay targeted
- The good news on high fuel prices
- Subsidy for low sulphur in LA, LB
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| MARCH 19, 2008 |
- Port of Los Angeles-Long Beach courting problems when growth resumes
Executives say top U.S. gateway is facing long-term issues if it can't build marine terminals, inland infrastructure to handle growth.
- LA-Long Beach to approve fuel subsidy for ships
- Maersk to end slot-charter pact to South America
- Bush urges Congress to follow Canada trade lead
- Analysis: In-bond shipments, the Trojan Horse
- Euro zone deficit rises
- Nike report cites supply-chain issues in China
- WWL to call Galveston
- ELAA gains three members
- CN contract ratified
- Maldives joins Kuehne & Nagel Asia-Pacific network
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| MARCH 19, 2008 |
- CN announces major infrastructure investments
- Maersk pulls the plug on NASA service
- Lonrho ups its stake in SAILS
- Wan Hai and PIL join ELAA
- Transnet orders RTGs for Ngqura
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| MARCH 19, 2008 |
- NASA gets the chop
Maersk Line cuts Americas link as efforts to optimise network continue.
- Hallin heads Down Under
John Giddens-led offshore company fixes out newbuilding to mark its entry into the Australian market.
- V.Ships defends crewmen
V.Ships Shipmanagement chief executive Robert Bishop says crewmembers did all they could to prevent the Hebei Spirit oil spill.
- Let's party!
TradeWinds hits the CMA convention's after-hours scene with Wilhelmsen Ship Service's party at the Paradise.
- Asian boost for Rickmers
German owner in $1.35bn deal to transfer 13 containership newbuildings to Singapore quoted offshoot.
- Ferry close for WSF
Washington state poised to announce winner of tender for first of three replacement vessels.
- Market drives shipping
Bear Stearns analyst discusses big rebound in shipping stocks on Tuesday.
- Commodities are key
Goldman Sachs analyst says commodities supply could be a "bucket of cold water" on shipping.
- Aim at substandard ships
With class societies finding themselves in court over substandard ships, Lloyd's Register official says the London society is taking a closer look at surveys.
- Hamburg Sud not in the race
German boxship line will not be buying TUI's Hapag-Lloyd operations, despite market speculation.
- Vinalines eyes port upgrade
Vietnamese owner lines up $44m investment in Ba Ngoi to raise cargo capacity to 3m tonnes.
- Oslo claims cost crown
Norwegian capital is the most expensive city in the world to live ahead of other maritime strongholds Copenhagen and London, bank says.
- Betting on down
Clarkson Research Services managing director says he expects the shipping market to take a downturn.
- IHC wins Panama Canal order
Dutch yard to deliver dredger in 2011 to canal authority to help complete huge widening project.
- Riverdance is a CTL
Wreck removal in prospect for beached car carrier that became a tourist attraction.
- Odfjell dumps oldies
Norwegian chemical tanker owner offloads two of the oldest ships in its fleet as it takes on newbuilding.
- GSI overcomes adversity
Chinese tanker specialist sees 2007 profit leap despite manpower and workspace issues.
- Paragon confirms fixture
Bodouroglou-led bulker outfit inks three years of work for panamax at 66% above current rate.
- Boskalis turns mud to gold
Dutch dredging giant sees 2008 profit soar against background of strong demand.
- Loans to face yen woes
Banker says shipyard loans priced in yen could default as the US dollar loses sync.
- CSSC aims high
Chinese shipbuilder wants to increase revenue by more than a third this year.
- Tankers jump on upgrades
Citi upgrade for Teekay, OSG and Genmar sends stock prices higher despite weaker rates.
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| MARCH 19, 2008 |
- TUI boss prefers Hapag-Lloyd sale over merger, spin-off
- Pilot charged by feds with negligence over Bay Area oil spill
- CMA CGM names credit, collections director
- Alaska Air Cargo automates arrival information
- Ultra Logistics releases new version of freight management system
- Reebok agrees to record fine
- Bush pushes Colombia free trade agreement
- Kuehne + Nagel adds Maldives to Asia-Pacific network
- CEVA appoints van der Maarel
- FMC reviews 9 OTI license applications
- Ocean carriers, SoCal ports announce low-sulfur fuel subsidy program
- Court upholds Long Beach port decision to stop LNG terminal
- Kalmar equipment in demand
- Portland port security officers may strike, shut down port
- Tideworks opens Asia Pacific office
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| MARCH 19, 2008 |
- Sævik wants Aker Yards to split in four
Per Sævik, who through family owned Havyard Invest controls 10 per cent of the shares in Aker Yards, claims that the value of Aker Yards is NOK 97 per share, double up compared to today's share price. To show the ...
- DFDS buys two Norbulk ro/ro's
DFDS has purchased two ro/ro-ships from the British based Norbulk Shipping Group for take over at the end of the year. The ships is the Finnhawk and Finnreel, which presently are on time charter to Finnlines running on ...
- Gaz de France recieves LNG from Snøhvit
The French energy company Gas de France has received its first shipment of LNG from Snøhvit in the Barents Sea. The company has a 12 per cent interest in the project. The 154,500 cubic metres shipment of LNG was delivered ...
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| MARCH 19, 2008 |
- Industry supports ports' fuel plan
PMSA coming in behind proposal to subsidise distillate fuel.
- Rollercoaster week for crude
Prices down again Wednesday after DOE report shows dip in US demand.
- Poll: Emissions trading a 'useful option'
Industry supporting pollution reducing initiative despite IMO snub.
- Bunker market report from Praxis
- New Kingston oil spill 'not bunkers'
Local authority says frequency of spills points to need for review of procedures.
- KazMunayGas acquires Batumi port and oil terminal
KazMunayGaz now owns all oil facilities along with container and dry/general bulk cargo berths.
- Rotterdam market still firm
- PetroChina buys cargo for blending
A961 grade bought to counterbalance influx of high-viscosity and high density Western cargoes.
- Hong Kong: Bomin moves
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