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| JUNE 20, 2008 |
Shipping News
- Lack of ships curtailing deepwater drilling
As President George Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deepwater offshore drilling promises to impede any rapid turnaround in oil exploration and supply.
- Marco Polo sells 6 ships for $4m gain
INTEGRATED shipping group Marco Polo Marine is selling six of its Singapore-flagged vessels, a combination of tugs and barges, for $12.5 million as part of its fleet renewal policy. The sale, to be done through its Marco Polo Shipping unit, will give Marco Polo a net gain of about $4 million.
- Business at Royal Caribbean holding up despite rising fuel costs
Bookings with Royal Caribbean Cruises Ltd are up for the rest of the year, but chief executive Richard Fain admits to keeping a close eye on reservations just in case anything changes.
- Gulf tanker rates may jump on Asia, Atlantic demand
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| JUNE 20, 2008 |
- AADA to implement increased bunker surcharge hike in July
- Hapag-Lloyd, New World Alliance merge Asia-Mexico loops into one
- Safmarine names two 2,500-TEU newbuildings in Germany
- Wenzhou April export value soars 47pc over March
- Port congestion at India's JNPT threatens export trade
- Alabama's Mobile container terminal to open in September
- US airfreight industry fears worsening trade
- Pilot union publishes advertisement charging DHL with US anti-trust violations
- Three carriers add flights to established Yantai routes
- HK-Canadian Grand Power Logistics profit margin shrinks in first quarter
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| JUNE 20, 2008 |
- Hamburg Sud adds vessel to revamped EPIC service
- MOL ship TOPS
- Last of Liberty ships sets sail for afterlife as Greek Museum
- Sical Logistics net rises by 11 pc
- Evergreen Line named Wal-Mart's Carrier of the Year
- VRL Logistics to invest Rs 1,100 cr. in expansion
- Cement exports only from Gujarat: DGFT decree soon
- India, Syria ink revised DTAA
- Thrust to S&T initiatives with Canada
- Flood of Chinese tyres alarms ATMA
- Vizag port sets new 1-day record in loading granulated slag
- Capital dredging finally in full swing at Paradip Port
- Ports with green purpose!
- CoPT to float fresh tender for dredging, but awaits easier norms
- Soaring oil prices to ground US airlines by year-end, says study
- Sec. 10AA curbs tax benefits for IT industry in SEZs-Nasscom
- Indirect tax coffers swell by Rs 4k cr. in April-May
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| JUNE 19, 2008 |
- Wilhelmsen quits Norwegian flag for Malta
- American Club ponders manpower "time bomb"
- Hamburg Süd's new Asia-Subcontinent service
- IMO Headquarters officially re-opens after $122m spend
- New Orleans renews Panama Canal alliance
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| JUNE 19, 2008 |
- Clipper clipped for $4.75 million in pollution plea
- Carnival Corporation earnings beat expectations
- Aker Yards plans bond floats
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| JUNE 19, 2008 |
- Port of Vancouver harbor crane makes short work of heavy lifts
- Coast Guard to commission new cutter SEA DEVIL
- MarAd partners with Great American to provide onboard training for cadets
- Foss Maritime vessels earn CSA safety award
- Customs officers nab fugitive at Washington border crossing
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| JUNE 19, 2008 |
- Cosco will not cut speeds of entire fleet
LINE will not slow speeds of its other ships, after having introduced similar move for its liner fleet.
- CKYH lines will cut ship speeds to save on fuel
- EU cargo declaration scheme 'behind schedule'
EUROPEAN shipowners' organisation says implementation of 24-hour rule might have to be postponed.
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| JUNE 19, 2008 |
- Delta militants attack FPSO
SEABORNE raiders this morning attacked Shell's 312,500dwt FPSO Bonga, 75n-miles offshore Nigeria ' and it is believed that some could still be hidden on the vessel. Shell stopped operations in the oilfield after the attack, shutting in a reported 200,000bpd
- Carnival holds firm
CARNIVAL Corporation kept its second-quarter profits steady as better-than-expected yields counterbalanced surging fuel costs
- Argentina strike extended
ORGANISERS of the 100-day-old farmer's strike affecting Argentina have extended their ban on grain exports until midnight on 20 June
- Marina to regulate NVOCCs
THE Philippines' Maritime Industry Authority is to take over the supervision and regulation of international shipping lines and NVOCCs in the country
- Malta Shipards to privatise
MALTA'S government has decided to start the process to privatise Malta Shipyards, the PM says
- Weak $ favours US exports
ALTHOUGH the US economy is strugglingn, forecasts for containerised cargo this year point at sustained growth, a port conference hears
- Car carriers 'have hit optimum size'
RESTRICTIONS on car carrier dimensions will mean newbuilding orders placed by Japanese lines must stay close to current capacity, says the head of MOL's car carrier division
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| JUNE 19, 2008 |
- Rebranding Thamesport changes name
New London Thamesport name designed to emphasize its proximity to UK's most important market, boost global brand.
- S. Carolina approves $100 million investment budget
- U.S., South Korea resume talks on beef imports
- Union Pacific re-opens lines in flooded Midwest areas
- Gemini files Chapter 11
- Canada chooses its location for new U.S. bridge crossing
- WTO in sight for Russia
- Projects give Port Canaveral area economic boost
- Japan, Canada ink CSI
- Asia-Australia carriers increase bunker surcharges
- CSAV adds Levant route
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| JUNE 19, 2008 |
- OMG orders ten vessels from Damen
- COSCO doubles up at Prince Rupert
- FEFC imposes Vietnam congestion surcharge
- Zim also buys into Contarsa
- Kalmar's new hybrid drive straddle
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| JUNE 19, 2008 |
- Carnival flat
Arison stopped in tracks by $158m fuel costs as second-quarter profits flatline.
- Go Pride, go
Tartsinis-headed Global Ocean fixes handysize to Oldendorff for $44-45,000 a day.
- FoCus-Pocus
ITF inspectors can perform magic but are the cards up their sleeves blue or green?
- Dozen for Paragon
Michael Bodouroglou-led bulker owner spends $80m on supramax to take its fleet to 12 ships.
- Royal approval
Njal Saevik-led shipowner confirms term employment for the Havila Princess but has no plans to pull vessels off the spot market.
- Tuzla action
Turkish prime minister Tayyip Erdogan warns shipbuilders on safety record at Istanbul complex.
- Markets bonding
Lighter mood on Norwegian financial scene tempts Aker Yards into $230m bond issue.
- Sludge saboteurs?
German operator of boxship caught in 'magic pipe' sting in US suspects whistleblowers sabotaged equipment.
- Gulf Nav CEO out
Simon Barham resigns from Gulf Navigation hot seat after 11 months citing "family reasons".
- Make or brake?
Cosco joins the go-slow club of owners fighting racing fuel prices.
- Big day for DSME
Mystery European owner signs for capesize and VLCC pair for around $526m at Daewoo.
- Fat fine for IHI?
Japan's IHI Corp could be landed with a whopping $15m fine for misstated earnings.
- Six out
Singapore shipowner gets $3m hit following sale of three tugs and three barges.
- Tanker off to Oyo
Former suezmax Histria Crown set for new role as FPSO off Nigeria.
- Arkady gets grip
Rough and rumble to come in NCSP board room as Putin's judo pal is thrown into the mix.
- Nortechs scraps
Arne Blystad-backed FPSO outfit has opted to dispose of two suezmax hull sections.
- Alam extends
Malaysian offshore vessel company secures more work for anchor handler.
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| JUNE 19, 2008 |
- No shippers, no U.S. short sea initiative
- Slow steaming will absorb newbuildings
- Hamburg Sud adds services connecting China, SE Asia and South Asia
- Wilhelmsen prompted to shift to Malta to avoid tonnage tax
- COSCO finds success in vessel slowdown plan
- CSAV adds East Med shuttle
- Fuel costs could curtail Chinese air freight growth, says CEVA official
- Gemini seeks protection from creditors
- GAO sides with Boeing in Air Force fueling tanker contract dispute
- ANA accepts first passenger-to-freighter 767-300
- U.S. logistics costs took bigger bite in 2007
- Korean president apologizes over beef import deal
- UPS buys out partner in Korean joint venture
- SAP to acquire Visiprise
- GreenCarrier hires Chu to manage China operations
- Sinotrans said to be mulling merger with China Changjang
- West Coast dockers' contract talks report progress, issues remain
- DP World acquires majority stake in Spanish port
- Oakland port staff unions seek job cuts delay
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| JUNE 19, 2008 |
- Ro-ro vessels to be rebuilt by Aker Yards
Aker Yards Lifecycle Services has signed two significant conversion contracts. On Finnlines' ro-ro vessels Finnmill and Finnpulp the weather deck will be converted for ro-ro cargo by building ramps from the upper trailer deck. Today the weather deck ...
- Finland's largest container cranes in Helsinki's new port
The terminal operator Finnsteve will during the summer take delivery of four Post-Panamax container cranes from Kalmar Industries for their container terminal in Helsinki's new Vuosaari port, which will be operational in November 2008. The first crane is already ...
- Royal Caribbeans new neighbourhood concept
Royal Caribbean International has released more details about their gigantic Genesis-twins on order at Aker Yards Turku shipyard. The first vessel Oasis of the Seas will be handed over in the autumn of 2009, followed by Allure of the ...
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| JUNE 19, 2008 |
- Global bunker market report
- NGO input 'highly valued' at IMO
Secretary-General says the organisation benefits from interaction with the industry it regulates.
- Fuel oil storage facility for Cyprus
Minister say its will be completed within two years of signing contracts.
- Rotterdam barge market tight
- Prices leap in Uruguay
State refinery fuel oil prices to rise by $50 per metric tonne.
- Singapore bunker prices at record level
Bunker prices are also up for most of the ports in the region.
- Bunker costs forcing 'restructuring' of fishing industry
Europe's fishing fleet facing annual fuel bill of $3.7 billion.
- Singapore residual fuel stocks down
Fuel oil stocks down 15% on higher Chinese demand and fewer arbitrage cargoes.
- VLCC crew face three-year jail term for Korean spill
Owners of the vessels involved in the collision could be fined $30,000 each.
- COSCO to implement slow steaming
A pilot scheme to reduce fuel consumption and emissions yielded 'impressive' results.
- SSA wants 'transparent' bunker levy system
Singapore Shipping Association wants IMO evaluation for a 'fairly executed' tax on bunker usage.
- Global bunker market report
- Pakistan supplier drops plan to import 380 cst
'No development' on import plans since 2006, Pakistan's biggest bunker supplier says.
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