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| JULY 21, 2008 |
Shipping News
- Beijing airport rail link wins accolades
A high-speed Beijing airport rail link built in time for the Olympics won kudos from its first batch of passengers who were whisked from the city's gleaming new terminal to downtown in under 20 minutes.
- Baltic Dry Index falls on Argentine protests
The Baltic Dry Index, a measure of shipping costs for commodities, fell last week as a four-month Argentine farmers' protest curbed Atlantic cargoes.
- China, Taiwan eye bigger share of yacht market
Fast-moving Asia is vying for a bigger share of the multi-billion-dollar luxury ship market serving the rich and famous.
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| JULY 21, 2008 |
- Shippers charge US Customs of playing politics with Chinese quotas
- Hamburg Sud joins Chile's CCNI on Lazaro Cardenas end run service
- CMA CGM's pitch adventure travellers for containership tours
- Container Corporation of India first quarter profit up 7.8pc
- Canadian National halves capacity to Halifax as container traffic falls
- Falcon sets coffee container loading record for Kerala CFS
- Air China, China Eastern's cargo, passenger volumes fall in June
- Farnborough deal-making results in mega-orders from Arab kingdoms
- Boeing sells Malaysia Airlines 35 Next-Generation 737s
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| JULY 21, 2008 |
- GE Shipping orders 2 newbuilding Suezmax tankers
- Size matters in container shipping trade-Widdows
- MoS taking sharp look at order banning aged ships
- Maersk official sees slower container shipping growth this year
- Fuel-saving steps, rethink on ship designs seen vital to counter rising costs
- Charter rates for LNG tankers nosedived in 2007
- Cochin Shipyard catches glimmer of 'miniratna'
- NSCSA & Orient Ship Agency impress with logistics skills again
- Meeting on maritime trade at IMC on Wed.
- BHEL bags second UAE contract
- 1.86 lakh tonnes of rice for Bangladesh
- Pakistan bringing longer shopping list to India
- Exports of flat steel products face ban
- Sonia inaugurates Krishnapatnam port
- Continue to lead by example, Baalu exhorts Rajbhasha Shield winners
- Gangavaram port slated for commissioning next
- Jet Airways to land in Saudi Arabia daily
- Meeting with Ecuador Minister at IMC today
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| JULY 21, 2008 |
- More capacity in Caspian Sea
- Lufthansa Cargo's volume marginally down
- Salton signs contract with Weber Distribution
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| JULY 18, 2008 |
- Coral Sea master jailed
- Panama flag takes drastic technical measures
- Clipper Pacific sails
- EC proposes law to follow ILO
- IMO deploys expert to assist Princess of the Stars salvage
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| JULY 18, 2008 |
- Offshore work keeps Detyens busy
- IHC Merwede launches DSV
- Hawaii gets eco-friendly interisland barge
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| JULY 18, 2008 |
- PMA reports slowdowns at Southern California ports
- OOCL recertified as C-TPAT member
- Port of Tacoma promotes Adamson to IT director
- Rail carload/intermodal numbers on positive side during week
- Colby Communications nets Ports America Group contract
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| JULY 21, 2008 |
- Former South Korean marine minister faces arrest
KANG Moo-hyun faces charges related to accepting $90,000 in bribes from local shipping companies.
- HMM fined after accounting scandal
- SembCorp Marine wins $220m rig contract
THE company's PPL Shipyard unit will build the jack-up rig for Egyptian Drilling Co for delivery in mid-2010.
- Sinotrans books $15m gain from VLCC sale
The 1990-built, 285,690 dwt Grand King was sold to Panama registered company, Lotus for $36.8m.
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| JULY 18, 2008 |
- Captain, 59, takes rap for drugs
A 59-YEAR-OLD Croatian master has been sentenced to 14 years in prison in Greece over a contentious verdict of drug smuggling.
- Incheon New Port bidding opens
INCHEON'S port authority announced today that it has opened the bidding process for constructing six container terminals in the first phase of building Incheon New Port
- Tallink issues warning on profits
SOARING fuel costs and weak traffic volumes have led to a profit warning from Tallink, the Estonian cruise ferry company
- Auditors warn about TMM's viability
LOSSES of millions of dollar over the past three years have prompted auditors for the Mexican shipping and logistics giant Grupo TMM to warn that the company's future is in serious jeopardy
- Subic starts second building phase
HANJIN HI's Subic Bay yard has begun its second construction phase, which will double the number of ships the Philippines facility can build per year
- Panama responds to Paris MOU
PANAMA has responded with a string of new technical requirements to the move by the Paris MOU to return the world's largest register to its black list
- The bill for ballast bugs is $200M
INVASIVE aquatic species that get into the Great Lakes in ballast cost the US $200M a year, according to a study of the growing problem
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| JULY 18, 2008 |
- UPDATE: Machinist union threatens action over ILWU contract proposal
Longstanding jurisdictional dispute between ILWU and machinists is complicating negotiations for longshore pact.
- Suspect in Crowley Jaxport office shooting found dead
- Congress calls for better trade enforcement
- Maine loses last box service
- WTO hits China auto taxes
- CN, CP to upgrade Deltaport intermodal operations
- COAC meets Aug. 7
- EU rejects farm concessions ahead of Doha discussions
- Hamburg Sud upgrades office network in China
- Profit gain for largest India intermodal provider
- Volga-Dnepr revenue up
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| JULY 18, 2008 |
- Green taxes: are they a rip-off?
'In this world nothing can be said to be certain, except death and taxes.' (Benjamin Franklin, 1789) ' but in today's world we could add 'green taxes' and even 'infrastructure charges' as equal certainties.
- Europe West Indies Lines goes bust
- Indonesian ports propose a 14% CHC increase
- Green tax to hit California box ports
- China in Olympic ban on dangerous imports
- UK forwarders renew call for fuel rebate
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| JULY 18, 2008 |
- Bulker hulls sold
Shipping Land newbuildings at STX go to undisclosed South Korean interests.
- Another sold
Gourdomichalis Maritime is said to have received $66m for a panamax bulker resale.
- Wicks walks again
Sails chief exec out on his ear for a second time less than a month after he was originally dismissed.
- TMM reassures
As shares plunge, Mexican tanker owner highlights efforts to allay "substantial doubt" over the company's future.
- Greek shocker
Shock and horror have greeted Greece's 14-year prison sentence on a Croatian master for drug-smuggling.
- Go speed mower!
Coast Guard officer spends his free time as a lawn mower racer.
- Aries extends
Nasdaq-listed owner renews bareboat charter of two product tankers with Stena Group.
- Tiny bulker sold
Undisclosed buyer reportedly pay $9m for the 8,880-dwt Boe Fjord.
- It's quotes time
Some crew are caught, well, black handed while a Greek is looking for gullible star-gazers.
- ER scoops loan
German owner secures $750m in financing for eight capesizes at Hyundai in Korea.
- Single-skin sale
Hong Kong-listed Sinotrans offloads last elderly tanker for profit of $15.6m.
- Two for Fiori
Italian shipowner D'Amico boosts orderbook with $50.5m order at Hyundai Mipo.
- Fire puzzle
Pakistan government rejects reports on causes of two serious fires at national owner PNSC's head office.
- Cyber siege
Hooks and winches are giving way to hookers and wenches on a website devoted to lifeboat safety.
- Torm crackling
Danish owner is ready to bring home the bacon in 2008 after selling product tanker.
- Fantastic four
Karl Johan Bakken-led Farstad Shipping will rake in over $80m after fixing AHTS quartet long-term.
- EWL killed off
Spiralling fuel costs and bullish euro send Rotterdam-based owner out of business.
- Ocean offloads
Two Ocean Tankers' VLCCs catch the eye as a series of newbuildings change hands.
- Bergen bother
Norwegian shipyard group denies underpaying Ukrainian workers in "social dumping" row.
- STX goes low
Bid for Aker Yards underway at NOK 63 per share, below both its current trading price and analysts expectations.
- Forex flop
Indian owner's strong first quarter profit performance eroded by foreign exchange losses.
- Peene quartet
German boxship specialist branches out into coastguard units for Sweden.
- Sale lifts Bonheur
Sale of stake in Comarit bolsters quarterly profit but tankers miss spot and cruise division suffers.
- At the double
India's Great Eastern orders two suezmaxes from Hyundai in Korea for delivery in 2011.
- All change
BigLift says goodbye to Chinese heavylifters and hello to Furtrans newbuildings.
- Gydnia sells
Polish shipyard sells stake in domestic chemicals company as part of debt repayment.
- Another nibble
John Fredriksen's Seadrill continues to inch closer to a 20% stake in Malaysia's SapuraCrest.
- STM wins DSV
Singapore's ST Marine to build and outfit diving support vessel for unnamed owner.
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| JULY 18, 2008 |
- STX swoops in to buy Aker Yards
- Europe West Indies Lines files for bankruptcy
- Genco receives Supramax bulker
- Germanischer Lloyd adds Fuzhou office, names China technical manager
- LNG focus bringing name change for NYK Bulkship (Europe)
- BA World Cargo to raise fuel surcharge
- Landstar System reports record revenue, profit
- Hurdles ahead as Chinese textile/apparel quotas end, ST&R warns
- SoCal port terminals reporting ILWU slowdown
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| JULY 18, 2008 |
- Houston demand up, prices soften
Buyers predicting prices could fall further.
- Oil spill in Germany
Two vessels collide on busy waterway, oil containment underway.
- Global bunker market report
- IMO sends salvage expert to the Philippines
Government accepts IMO's offer of assistance following Princess of the Stars tragedy.
- Court fines owner for bunker spill
Company pleads guilty to pollution charges after fuel is leaked into UK harbour.
- Bunker costs blamed for bankruptcy
Europe West Indies Line says rise in fuel costs 'made it impossible to continue'.
- Abandoned mystery ship fouls Bali waters
Surfers have complained of fuel fumes from stranded vessel, captain and crew reported missing.
- Rotterdam market increasing in line with crude
- Singapore bunkers end week with further losses
Demand up as buyers take advantage of drop in prices.
- Melbourne to stop 180 cst offers
Port Kembla is next closest port that supplies the product.
- High bunker costs sink container service
Gold Star Line to withdraw trans-Tasman service next week.
- Singapore buyers urged to avoid OPL bunkering
Tanker owners association highlights risks of taking bunkers outside port limits.
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