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| MARCH 21, 2008 |
Shipping News
- Panama ports see 20% jump in box volume
Panama's ports expect shipping container volumes to grow by a fifth this year despite a slowing US economy as Chinese trade surges, the head of the country's top maritime body said on Wednesday.
- Maersk to scrap NASA service due to weak demand
AP Moeller-Maersk A/S, owner of the world's largest container shipping line, will end a service linking ports on the eastern coasts of North and South America amid weakening demand on US routes.
- Berlian must cut debt in 4 months to avoid default risk
PT Berlian Laju Tanker, Indonesia's biggest shipping company by value, must cut debt in four months to comply with bond covenants and avoid the risk of a default.
- Lianyungang aims to boost '08 profits
- Freight rates set to fall after '09: Galbraith's
- STX Shipbuilding wins US$353m worth of orders
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| MARCH 21, 2008 |
- China Merchants to take 5.4pc stake in Ningbo port
- Speculation rife over who will buy Hapag-Lloyd
- Tianjin Lingang Industrial Area throughput to double this year
- Shandong's Port of Longkou to add 10 million tonnes capacity
- ESC urges greater understanding between shippers and rail operators
- Barloworld Logistics takes over Swift Group
- Lufthansa Cargo earns fiscal 2007 operating profit of US$211 million
- Czech Airlines Cargo deploys OAG Cargo's IT announcement service
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| MARCH 20, 2008 |
- Management changes at SBB and SBB Cargo
- What will happen to Hapag-Lloyd?
- Lufthansa Cargo receives seal of approval for security performance
- Advance International: rail services in Russia
- Imperial Logistics scoops up FoodTankers AB
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| MARCH 20, 2008 |
- Three more lines for ELAA
- Frontline set to increase OSG stake
- Panama pilots row
- Methanol auxiliary power trials
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| MARCH 20, 2008 |
- Electric Boat gets $357 million submarine contract
- Hercules Offshore wins contracts for two jackups
- U.S. inland barge fleet grows
- Gulf offshore lease sales bring $3.7 billion in high bids
- Carnival reports first quarter results
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| MARCH 20, 2008 |
- New medical guide available for seafarers
- Bidders submit proposals for Panama Canal dredging
- Free Port of Seattle seminar set for Fishermen's Terminal
- PMSA joining California ports in vessel pollution incentive program
- Top Ships board Oks 1:3 reverse stock split
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| MARCH 20, 2008 |
- Fredriksen takes stake in OSG
JOHN Fredriksen and his quoted tanker company Frontline have taken a stake of up to 10% in US rival.
- Fredriksen launches bid to join Tui board
- Battistello denies mafia allegation
CONTSHIP Italia chairman Cecilia Battistello refutes claims that Gioia Tauro is infiltrated by the mafia.
- ELAA gains three new members
PACIFIC International Lines, Wan Hai Lines and Independent Container Line enrol as full members.
- Offshore vessels sail into prime position
OWNERS of offshore vessels will be key benefactors from the rising investments by the world's largest oil and gas companies.
- Oil majors set their sights on LNG
OIL giants build more LNG plants as opportunities for conventional oil developments dwindle and gas prices climb.
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| MARCH 20, 2008 |
- Playing chicken with tanker markets
There has been no change in market fundamentals to explain this week's surge in tanker rates
- Fredriksen buys OSG stake
FRONTLINE boss John Frederiksen has purchased a 5.2% stake in Overseas Shipholding Group (OSG)
- Panama pilots sue over ISPS, Solas
PANAMA'S pilotage company Panama Pilots Services Corp is suing its rival Caribbean Pilots Inc and various institutions over licences granted to a rival
- Australia ratifies spill convention
AUSTRALIA'S government will ratify the Bunker Oil Convention and the IOPC Supplementary Fund Protocol in a bid to increase compensation for oil spills in its waters
- Gujurat demolitions begin
NEW DELHI 20 March ' Gujarat Maritime Board (GMB) has given breaking permissions to almost every junk ship that is beached at Alang-Sosiya, and demolition is in full swing
- Falling spending curbs Carnival
CARNIVAL Corporation's profits are being pressured by both 'extraordinary' fuel costs and falling onboard spending
- Canadian border embarrassment
- Indians on warpath over sinking
- Kencana forecasts bigger growth
- Imabari merges yards
- On-board broadband goes global
- Titan China terminal gains approval
- Rickmers Trust finalises box deal
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| MARCH 20, 2008 |
- Port of Los Angeles approves trucks plan with employee-driver provision
Legal challenges await clean-trucks plan that limits harbor trucking concessions to licensed motor carriers with employee drivers.
- Port of New York-New Jersey purchases Terminal X' site
- FedEx profits fall
- NY-NJ box volume up
- MSC hikes U.S. fuel fee
- Portland traffic declines
- Leaders hint at Doha deal
- Rickmers buys 13 box ships
- Rhode Island Port of Davisville adds exports
- Panama Canal reviewing dredging bids
- South Korea lifts tariffs
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| MARCH 20, 2008 |
- Marport hits record
- Zeeland politics ease in favour of VCT
- Maersk starts implementation of floating BAF
- Cash rich DFDS to bid for Norfolk Line?
- Hamburg Sud names its biggest box ship
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| MARCH 20, 2008 |
- Hunting for buys
In a rare private interview, Fredriksen talks about tanker consolidation, the offshore boom, his aims for TUI and what makes him go on.
- Panamax on the block
Brokers are circulating a Japanese-controlled bulker as up for sale.
- EPA goes after US scrapbroker
US environmental agency files a complaint against scrap brokers involved in the deal to take the torch to the embattled cruiseship.
- Wilson Sons net surges
Brazilian offshore vessel owner and terminal operator posts a 39.4% rise in fourth-quarter profits.
- Double Fortune sold
Undisclosed South Korean buyers take an 11-year-old panamax bulker for $67m.
- Fredriksen confirms OSG buy
Frontline boss on course to be second largest shareholder in Morten Arntzen-led rival after snapping up an initial 5.2% stake.
- Carnival defends fees
Although Royal Caribbean is offering refunds to some guests, Carnival says its fuel supplement is different.
- Fuel hike bites Carnival
Rising bunker costs drag down first quarter earnings at Micky Arison-led cruise company despite an increase in revenue.
- American hires CFO
Barge operator and shipyard company American Commercial Lines hires Thomas Pilholski for the role of finance chief.
- STX bags $353m quartet
European owners slate two VLOCs and a brace of chemical tankers at the Seoul-listed yard.
- More sales action for Pac Basin
Richard Hext-led handysize bulker owner offloads another unit and takes it back on charter for four years.
- PFL not for sale
South Pacific operator's shareholders vote against sale to Swire or PIL.
- Aon picks P&I winners
Top broking group says the clubs achieved a $374m premium hike that left shipowners in Munch mode.
- Rhymes with dinner
TradeWinds finds its winner. Web TV hunts down contestants in the shipping limerick competition and presents the award for best bard.
- Top terminates Faultless ties
Evangelos Pistiolis ends the bareboat charter of a susemax tanker following the sale of the vessel to a third party.
- Vinashin signs for seven
Two of Vietnamese group's yards to build series of 20,000-dwt cargoships for domestic owners.
- Fredriksen stalks OSG
Tanker consolidation is on again as John Fredriksen makes his move on Overseas Shipholding Group (OSG).
- Teekay LNG buys from parent
Spun-off gas carrier owner snaps up two 1993-built units and charters them back to Teekay Corp.
- Jutha to branch out
Thai multipurpose owner eyes ship management deals for 2008.
- Credit crunch crunches
Managing director at New Jersey brokerage says banks are less willing to leverage vessel assets.
- Wujiazui builds $6bn orderbook
Nanjing's relative newcomer has long list of bulkers and containerships due for delivery up to 2012.
- Fearless Fulford
Clarkson's chief executive snaps up company stock, despite concerns over Sovcomflot legal threat.
- Maersk and Hamburg team up
Liner firms to start a new service between the US east coast and New Zealand and Australia.
- OSG in it for the long haul
US-listed tanker owner's boss says judging OSG spin-off by its trading price doesn't make sense.
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| MARCH 20, 2008 |
- Maersk pulling out of U.S./East Coast South America trade
- ELAA now has all top 20 ocean carriers
- China Shipping suspending Asia/Med loop as Chinese exports dip
- Shipping industry facing more regional regulation
- MSC to increase U.S. inbound BAFs from some European countries
- Lonrho increases holding in SAILS
- FedEx profits erode 6% in 3rd quarter
- Lufthansa Cargo's operating profit up 66%
- Great Wall Airlines adds Tianjin to network
- NWA Cargo hikes fuel surcharge
- British Airways World Cargo increasing fuel surcharge
- CN outlines spending plans in 2008
- Forward Air completes acquisition
- Vietnam's furniture industry accused of using illegal timber
- DHL lands record automotive logistics contract with Jaguar, Land Rover
- BIS starts online export compliance training
- Developer plans project near New York airport
- U.S. Army's top logistics officer earns third star
- Rohrmann to join Panalpina board
- SEKO expands in New York, Virginia
- Ocean carriers and SoCal ports announce low-sulfur fuel subsidy program
- Iranian ports fail security standard
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| MARCH 20, 2008 |
- Broström takes delivery of product tanker
Broström has taken delivery of the product tanker Bro Agnes, 17,000 DWT. The vessel is the second of three Broström vessels in a series of six being built in Tuzla, Turkey, in partnership with D'nya Shipping of Istanbul. The Bro ...
- Riverdance declared a constructive total loss
Seatruck Ferries' ro-ro cargo vessel Riverdance, 6,040 GT and built 1977, has been declared a constructive total loss. The parties UK Maritime Coastguard Agency, the UK secretary of state salvage representative, insurers and the salvage company Smit International took ...
- Kopernik replaces Mikolaj Kopernik
Euroafrica Shipping Lines Ltd. has decided to replace the oldest ferry on the Swinoujscie to Ystad run, the Mikolaj Kopernik, at the end of March. The old vessel will be replaced by the Kopernik which currently is berthed in Szszecin ...
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| MARCH 20, 2008 |
- Carnival fuel prediction over $500
Financial results under pressure as bunker costs keep rising.
- Crude, bunkers slump further
$20 knocked off Rotterdam fuel oil values in two days as crude sentiment turns.
- Bunker market report from Praxis
- Ukraine seeks 1.4 billion spill compensation
Wants Russia to pay damages following Kerch Strait fuel oil pollution.
- Catfines spike observed in ARA region
Viswa Lab reports sudden increase in average values since February with four off-spec cases in March.
- Port fuel incentives won't replace new rules
Subsidy scheme of limited duration and California plans main engine fuel restrictions.
- Rotterdam quiet, prompt supply tight
- Oil removal starts on sunken tanker
Tanker carrying 1,700 tonnes of fuel oil sank off Vietnam's central coast earlier this month.
- IMO and EU communications continue
EU supportive of international ship emission regulations, but ready to act alone.
- EMSA looking for more oil spill recovery vessels
Applications wanted by the end of April as agency seeks to strengthen cover in the Black and North Seas.
- 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.
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