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| FEBRUARY 21, 2008 |
Shipping News
- Italy's D'Amico mulls new tie-ups, buyouts
D'Amico International Shipping SA, the Italian oil transport specialist, may form new partnerships and is considering acquisitions, chairman Paolo d'Amico said.
- Dutch govt to charge Trafigura
Dutch prosecutors plan to file criminal charges against oil trading company Trafigura and the Amsterdam council over their roles in an oil tanker's toxic waste which was blamed for killing 16 people in Ivory Coast.
- Seoul checks shipbuilding share volatility
South Korean regulators are looking into possible trading irregularities after a spike in securities borrowing last month and volatility in shipbuilding shares.
- Japanese quiz ship crew over collision
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| FEBRUARY 21, 2008 |
- NYK's strong box business to boost pre-tax earnings
- China trade surplus up 22.6pc in January
- EU hopes to persuade US to relent on 100pc box scanning law
- DP World buys Egypt's deepwater Port of Sokhna for US$670
- Aqaba Container Terminal sees box volumes grow 2pc in 2007
- Colombo Port to be equipped with 4 new box cranes
- India invites tenders for 3 gamma-ray box scanners
- Hong Kong airport cargo volume rises 8.9pc in January
- Continental deploys Bombardier aircraft for Newark services
- CAAS awards contract for Changi's Terminal 1 facelift
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| FEBRUARY 21, 2008 |
- NRI businessman acquires Norwegian shipping co.
- Allcargo Board clears fund-raising plan
- MPSEZ seals deal with Maruti
- With new daily handling record, TPT set to exceed MoS target
- RITES to suggest steps to beef up capacity of KoPT's rail networks
- Lohegaon airport closed till Feb. 26
- Global players on runway for slice of aerospace pie
- Rail Budget to lay down ground rules for multimodal parks
- Rlys on a roll with 12 pc revenue rise
- Tulsi Mirchandaney directing Blue Dart Aviation's course
- Nath sees spring of hope on international trade deal
- Ficci presents Budget wishlist with focus on checking slowdown in manufacturing sector
- Exporters to get refund on 3 more taxable services
- Fieo interaction with US International Counsel tomorrow
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| FEBRUARY 20, 2008 |
- Change in top management at Swissport Cargo Services
- Frank Appel succeeds Klaus Zumwinkel at Deutsche Post
- ZIM starts new Asia-Europe service from Bremerhaven
- Russia: Lufthansa overflight rights extended
- Crystal Cargo introduces global SMS tracking
- Rutges Cargo for Jet Airways
- Pacer reports higher revenue but lower income in 2007
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| FEBRUARY 20, 2008 |
- St Lawrence fees freeze
- Odfjell's half dozen
- "Ice-going" box ships for Royal Arctic Line
- Moore Stephens' "no comment" on Golden Ocean
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| FEBRUARY 20, 2008 |
- MHI yard puts 1,200 t goliath into operation
- Bollinger Algiers completes tug conversion
- Aker Yards wins arctic box ship order
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| FEBRUARY 20, 2008 |
- Washington governor Oks construction of new car ferries
- Hanjin nets go-ahead for terminal in Algeciras, Spain
- Seapower strategy meeting set for tomorrow in Portland
- Agencies ask public to take part in waterway watch program
- US, Australia reach new open skies agreement
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| FEBRUARY 20, 2008 |
- P&I clubs talk tough in renewal negotiations
UNCOMPROMISING attitude from marine mutuals prompts flurry of shipowners to move clubs.
- Clubs see their finances squeezed
- Tokyo MoU happy with findings of ISM checks
THE PSC inspection blitz indicated that the safety management system is functioning and understood on board most ships.
- Skill shortage sparks officer pay rise
STUDY shows average salary hike of almost 7% in this year's pay round on eight key sectors.
- Saadé keeps his cool
JACQUES Saadé, CMA CGM's chairman, seems unfazed by the challenges facing the container shipping industry.
- Better to play safe
AT WHAT stage does a coastal state intervene to require a ship broken down off its coast to take a tow?
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| FEBRUARY 20, 2008 |
- Cargo vessel and crew missing
THE general cargo vessel Rezzak is thought to have sunk close to Inebolu, Turkey on Monday
- Frontline to sell tanker subsidiary
FRONTLINE has announced that it intends to start a spin off called International Tanker Corporation (ITC)
- Concordia misses seasonal spike
THE product tanker market did not enjoy a seasonal rise in freight rates at the end of 2007, says Concordia Maritime, the Gothenburg tanker operator
- Rio Blanco spill puzzles Santos
- DVB defies sub-prime crisis
- Blank-cheque Oceanaut draws a blank
- Maersk in court over dismissals
- Stranded ship strayed too close
- Tokyo MOU claims inspection success
- China ban will push BDI even higher
- Indian entrepreneur buys Ugland
- Koreans to build yards in Indonesia
- China's maritime toll revealed
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| FEBRUARY 20, 2008 |
- Long Beach approves clean trucks plan
Commissioners vote against employee-driver mandate, approve fee plan to pay for truck replacemenrt program.
- LA port delays truck plan
- COAC member opposes panel on security filing rule
- Montreal boxes up 9.4%
- Report hits U.S.-Canada delays
- Tacoma box volume falls
- Charge sends Seaspan to loss
- Letter from Congress calls for Cuba review
- CMA CGM to be sole operator of EPIC service
- UASC names box ship
- Minister sees Doha progress
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| FEBRUARY 20, 2008 |
- Veolia to acquire Rail4Chem
- Horizon Lines cuts its fuel spend thanks to CASPER
- Maersk to open own inland terminal in Germany
- Tacoma, Puyallup Tribe and SSA thrash out agreement
- Matadi congestion surcharge hiked
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| FEBRUARY 20, 2008 |
- Bought-back ship sold
Nasdaq-listed Top Ships sells the 150,000-dwt Stainless, a vessel it recently bought back.
- Paragon profits explode
With a larger fleet, the US-listed bulker owner sees fourth-quarter profits of nearly 17 times the same period of 2006.
- 'Structural issues' killed deal
New chief executive at Oceanaut blames death of nine-bulker deal on structural issues that could have prevented shareholder approval.
- Georgakis twice-replaced
Oceanaut chief executive is replaced by Gabriel Panayotides, again.
- Britannia confirms ice-class price
Anglo-Danish bulker owner acknowledges that it paid $35.5m each for the Ice Trader II and the Ice Power II with charters attached.
- Cridland clocks on at Clarkson
Braemar research analyst crosses over to London rival to continue his tour of the capital.
- Breaking the ice
A US Coast Guard ice breaking tug carves a path in the Great Lakes, where ice sticks around even after the shipping season starts up again next month.
- StealthGas sneaks up
Profits continue to flow for Harry Vafias-led gasship owner as larger fleet brings greater reward.
- ITC goes over the counter
Frontline tanker subsidiary to be spun off in Oslo, with shareholders receiving 20% share hand-out.
- Aegean stock heads slide
Nasdaq-listed bunker player sees shares on the ropes after posting full-year results yesterday.
- A new beginning
Kjell Rune Staddeland says JB Ugland Holding to examine fresh opportunities after sale of fleet to Siva of India.
- USCG search called off
Search for crew member missing from Celebrity Cruises vessel off Florida abandoned.
- Aker bags RAL ice pair
Royal Arctic Line of Greenland spends $118m on two ice-going boxships at Norway's Aker Yards.
- Costs hurt Finnlines
Revenues up at Finnish ro-pax owner but increased expenses due to fleet expansion send profit down slightly.
- MOL teams up for agency venture
Japanese giant forms new company with Fesco and Azuma to handle Russian business.
- Indians buy JB Ugland
Norwegian owner's 46-strong fleet of owned and chartered tankers and bulkers goes to Siva Ventures for $300m.
- Aegean creeps up
Sales breach the billion dollar barrier but higher fleet costs stop profits keeping pace at US-listed bunker player.
- Boxship owners take a hit
Asian shipowners see stocks battered in Singapore and Hong Kong as spiralling oil prices pack a punch.
- Another hull for Zaliv
Ukrainian shipyard Zaliv to build offshore vessel hull for Norway's Ulstein Group.
- Pertamina orders two
PT Dok & Perkapalan to build 6,500-dwt tankers for Indonesian oil company for delivery in 2011.
- Bumper year for Suez Canal
Increase in number of ships and tonnage push annual revenues to record figure for Suez Canal Authority.
- Maersk adds to stars and stripes
Two new ro-ros switched to US flag to carry out military and humanitarian missions.
- One missing from Celebrity ship
USCG launches search mission after Chinese crew member vanishes from cruise ship off Florida coast.
- Seacor survives drydockings
Offshore ships and interest income compensate for tanker off-hire as US owner improves profit in 2007.
- Bosporus back in business
Tankers re-start transits through Turkish strait after blizzards closed it on Sunday.
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| FEBRUARY 20, 2008 |
- It's official: Maersk's seven "B" ships can do 29 knots
- Maersk, Hoegh U.S.-flag units in deal
- UASC takes delivery of second 6,919-TEU ship from HHI
- Aker Yards to build two ice boxships for Royal Arctic
- Odfjell orders six parcel tankers
- MarAd sends 66th reserve fleet vessel to scrap yard
- U.S., Australia reach open skies accord
- American Commercial Lines CEO departs, earnings down
- Veolia Cargo buying Rail4Chem
- Boozman named ranking member of House water resources subcommittee
- C-TPAT validations for China and exports gain life, CBP says
- Louder calls made for reforming Cold War-era U.S.-Cuba policy
- Fidel Castro steps down, but not out
- Kuehne + Nagel to manage Baltic warehousing, distribution for Samsung
- cargo-partner opens Moldova branch
- N.Y.-N.J. Port Authority bond rates fall
- Stone joins Ports America
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| FEBRUARY 20, 2008 |
- Biggest newbuilding ever from Karstensens
Karstensens Skibsværft in Skagen has handed over its biggest newbuilding ever. The vessel with hull no. 400, has been taken over by the Danish Naval Command. The ship was named Knud Rasmussen after the Great Dane in Greenland history. The ...
- Omer N postponed for another week
The salvage job on the ill-fated Omer N in Danish waters near Gedser has again come to a stop because of the weather. Dansk Bjergning & Bugsering managed to turn the wreck around and partly empty it from water, but ...
- Aker Yards to build boxships for Royal Arctic Line
Aker Yards has been awarded a contract by Royal Arctic Line A/S in Nuuk to build two ice-going container ships for arctic operation. The total contract value is about EUR 80 million. The ships are especially designed for ...
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| FEBRUARY 20, 2008 |
- Chemoil's new CEO in 'seamless transition'
Bandy speaks for the first time since he took over Chemoil's top position in January this year.Aegean sees annual profits climb
- Aegean sees annual profits climb
Net profit for 2007 up 14.5% year-on-year. Bunker sales up over 40%.
- Argus to launch Singapore Fuel Oil Bulletin Board
Aims to increase transparency in Asian markets by offering alternative price index.
- Fuel monitoring system adds e-mail function
- IBIA restructuring to 'remain industry leader'
- Titan targets higher share prices
- New record as crude surges above $100
- Construction work to start on Tangier-Med Terminal
'New port is set to emerge as a major bunkering hub' says Horizon Group CEO.
- Polish supplier to start IFO deliveries
- Finnlines cautious on 2008 outlook
- Bunker market report from Praxis
- Rotterdam barges tight
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