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| MAY 23, 2008 |
Shipping News
- Keppel unveils latest worksite safety drive
DON'T mind your own business is the new mantra at Keppel Shipyard. Looking out for yourself and others at the workplace is one of the key safety messages that Keppel Corp would like to impart with the launch of its 'Safety Starts With Me' initiative.
- Shipping Corp to borrow US$1.3b to buy vessels
Shipping Corp of India Ltd, the nation's biggest sea carrier, will borrow US$1.3 billion to purchase more vessels to meet rising trade in the country.
- Frontline Q1 profit up on Opec output
Frontline Ltd, the world's biggest oil tanker company by market value, said that first-quarter profit climbed after the Organisation of Petroleum Exporting Countries (Opec) pumped a record amount of crude, increasing demand for shipping.
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| MAY 23, 2008 |
- Shanghai port April volume up 9pc, Yangshan terminal soars 42pc
- Shenzhen port box volume up 8.5pc in first four months
- Maersk raises capacity on Europe/Middle East ME3 service
- On-the-block Hapag-Lloyd enjoys good quarter on higher freight rates
- Coscon to start independent CUE loop without Evergreen
- Safmarine Nile newbuilding to join AMEX service
- Asian Freight Awards sees Singapore companies shine
- Fee debacle over PierPass collections at Port of Los Angeles
- Volume flat for Hong Kong ground handler AAT in April
- Siemens to equip TACT air cargo terminal in Taipei, Kaohsiung
- Aeroflot posts US$56 million net profit for first quarter
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| MAY 23, 2008 |
- Evergreen Lineto upgrade China/Persian Gulf service
- AMET launches sea of courses to cover wide shipping spectrum
- UK's tonnage tax move may compel Evergreen to switch flags
- Singapore cos sweep Seatrade Asia Awards
- Bulk shipping market remains highly volatile
- EU looking forward to enhanced market access in India
- Cement export ban eased for Nepal
- Singapore port remains numero uno
- Lalu explains Rlys facelift plans to Singapore biz students
- R$ 341 billion! Forex reserves in 2007-08
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| MAY 22, 2008 |
- Air Berlin founder Hunold wins Schumpeter Prize
- Evergreen Line upgrades its services to link East Asia with Australia
- Air One inaugurates services between Italy and Belgium
- Davies Turner opens new DC near Bristol
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| MAY 23, 2008 |
- NCL fined US$1m
- Ship Finance's profit up
- Marathon moves on Global Ship
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| MAY 22, 2008 |
- Anderson steps down from FMC
- USCG Marine Safety Improvement Plan now available
- MAN Diesel expands PrimeServ network
- AOTOS winners named
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| MAY 22, 2008 |
- By the President of the United States A Proclamation
- US freight railroads move more with less fuel
- MarAd inks contract for SAVANNAH layberth
- Capo, Garvey named winners of 2008 AOTOS awards
- Norfolk Southern adding new Uni-Level freight cars
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| MAY 22, 2008 |
- Haji-Ioannou wins court victory in 'gifts' feud
APPEAL court orders bulk carrier owner John Frangos to repay $49m to his former father-in-law.
- Frangos wins court victory
- Capesize bulker breaks $300,000 rate
CHINA Steel vessel booked at a rate of $303,000 per day to carry iron ore from Brazil to China.
- Europe yard chiefs seek new strategy over Aker
EUROPEAN shipbuilding leaders to discuss response to challenge posed by STX's stake in Aker Yards.
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| MAY 22, 2008 |
- Norway disaster: NCL pays $14.75M
NORWEGIAN Cruise Line (NCL) will pay nearly $15M in fines and compensation over the May 2003 boiler explosion on the Norway that killed eight crew and seriously injured 10.
- Phils flag fleet hits record low
THE NUMBER of Philippine-registered vessels trading overseas continues to fall due to the registry's lack of incentives and the inability of operators to expand
- Seanergy to buy bulkers
BLANK-cheque company Seanergy Maritime has announced that it intends to purchase six bulkers from the Restis family of Greece for $395M
- Liabilities set in Tricolor case
A US District Court has apportioned the liability for the sinking of the Tricolor in the English Channel in December 2002
- Bush FMC nominee bails out
TROUBLES continue at the Federal Maritime Commission as President Bush's nominee to head the body has announced his resignation.
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| MAY 22, 2008 |
- Lines start Asia-EC South America loops
"K" Line, CMA CGM, China Shipping and Maruba to launch new service between Asia and East Coast of South America.
- TSA: Customers agreeing to floating bunker charges
- Senate, House override Bush veto of farm legislation
- Neptune Orient Lines readies bid for Hapag-Lloyd
- Japan trade surplus with U.S. shrinks again
- WWL CEO: Set parameters for ro/ro ship emissions
- Rail traffic growth eases
- French Senate approves port reform
- Zarubino plans box terminal
- EU mulls maritime future
- ProLogis leases China DC
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| MAY 22, 2008 |
- Kuehne + Nagel takes control of Beiersdorf's Vienna logistics centre
- Georgia's ports on track
- APL doubles capacity at Oakland
- CSCL, CMA CGM, K Line and Maruba launch new Asia/South America East Coast service
- TT Club expresses 'continuing concern' about cargo mis-declaration
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| MAY 22, 2008 |
- Mercator confirms VLCC buy
Indian owner says it has inked a tanker buy that appears to match reports of TMT purchase.
- Bunker surcharge floats
The Transpacific Stabilisation Agreement garners major surcharge shift in negotiations with US importers.
- CEO runs for more Marathon
Marathon Acquisition Corp's chief executive is to buy up 2 million shares in the American Exchange-listed vehicle.
- Star buys a Cosmo
US-listed owner pounces on a supramax bulk carrier for $68.8m.
- NCL in $15m Norway hit
Company ordered to pay $14m restitution to victims of boiler blast and fined $1m.
- Bulker stocks plunge
Several dry-bulk players lose more than 5% of their share value in one bearish day on US exchanges.
- Selah shut
Istanbul yard where two workers died this week is closed by government.
- Tricolor headed for appeal?
Lawyer for the bulker Clary is mulling an appeal of a ruling that gave the ship's interests a share in the blame.
- Tsakos family not selling
Nikolas Tsakos says his family interests are not selling out of Tsakos Energy Navigation, but would buy shares if given the chance.
- Peter G pulls out
Genco's stock slips after chairman shelves plans to sell 1 million of his own shares alongside $240m secondary offer.
- Shipbreakers' leader shot dead
Brother also wounded in ambush after leaving Gadani.
- TBS shares price
US tweendecker and bulker owner's shares lead decliners Thursdays after a stock offering prices at $51 a share.
- Hyproc orders tankers
Algerian state owner adds to coastal fleet with bitumen carrier order in Bulgaria.
- Gearbulk to appeal
Battle for $128m compensation for alleged repudiatory breach of newbuilding contract takes new legal turn.
- More for Frontline
Fredriksen cash-cow builds first quarter profit in stronger VLCC and suezmax markets.
- SFI follows up
John Fredriksen controlled company follows Frontline's lead to post improved profits in the first quarter.
- Palmali seals fuel deal
Turkish tanker owner to ship bunkers to Baltic for Lukoil's Litasco.
- Sado sinks lower
Japanese ferry player makes losing start despite revenue growth.
- Options for Fredriksen
Tanker tycoon's Frontline adds two VLCCs to order at Zhoushan Jinhaiwan in China.
- K Line soups up south
Japanese owner and partners add two boxship loops from Asia to South America.
- Wah Kwong aims low
Figure of $164m Hong Kong owner plans to raise in IPO well below previously-touted figures.
- NOL readies cash?
Report claims Singapore owner could splash up to $7bn on TUI's rival Hapag-Lloyd line.
- Fredriksen offloads more OSG
Norwegian shipping magnet sells more shares in US-listed tanker rival cutting his stake to 5.8%.
- Korea targets top five
Shipbuiding powerhouse wants to take Norway's place as fifth largest shipowning nation by 2010, government says.
- MMM takes Titan tankers
Malaysian Merchant Marine to charter four chemical ships from Hong Kong owner with purchase obligations.
- Asia-Mexico boost
Hapag Lloyd and APL to increase frequency and capacity on joint service.
- MBC's profits down
First quarter revenues jump nearly 70% at Malaysian Bulk Carriers, but lack of ship sales hits results.
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| MAY 22, 2008 |
- FMC's Anderson said it was time to move on
- Frontline's profit up 39% in first quarter
- Asia/East Coast South America consortium adds 2nd string, "K" Line
- Bureau Veritas fleet tops 8,000 ships
- What if container shipping never existed?
- OAG: Global air freight growth strong for next decade
- DHL to renew hub services agreement with ABX Air
- Lufthansa Cargo extends World Airways contract
- Great Wall Airlines selects Wallace Air as North America agent
- Trucking association wants action on drug, alcohol testing
- Kuehne + Nagel takes over Beiersdorf's logistics center in Vienna
- Florida health care firm enters transport and logistics market
- Mallory Alexander appoints Maready CIO
- DHL using online game to tempt new recruits
- Davies Turner completes Bristol expansion
- SEKO Synergy expands with Hong Kong branch
- Another LNG project proposed in New York area
- MSC to call at the Port of Salalah
- APM Terminals adds four cranes in Apapa, Nigeria
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| MAY 22, 2008 |
- Tricolor 17 per cent guilty
In a new verdict, the US District Court for the Southern District of New York has ruled that Tricolor is 17 per cent liable for the collision in December 2002.The other involved vessels, Kariba and Clary, are 63 and ...
- Christian IV sold to Finland
The Stella Company Group in Finland has acquired the ferry Christian IV from Color Line for EUR 13 million. The ferry will be handed over to the new owner in the beginning of July. The intention of Stella Company Group ...
- Brazilian multi USD billion investments in drillships ahead
The Brazilian oil company Petrobras has announced that it will invest USD 30 billion in new drillships and rigs the coming nine years. Most will be built in Brazil. Measured in market value, Petrobras is today the third largest company ...
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| MAY 22, 2008 |
- WWL boss calls for cooperation to cut CO2 output
Car carrier known for voluntary 'green' measures says customers must accept slower sailing speeds.
- Bunker market report from Praxis
- US Senate committee passes emissions bill
Senator Boxer's bill calls for faster bunker fuel sulphur reductions than MARPOL Annex VI.
- Rotterdam market firming quickly
- Singapore: Stocks of residual fuel, distillates fall
Fuel oil inventories dip despite weaker demand from China.
- Singapore power group active in bunker market
PetroSeraya expects market penetration to grow.
- Bunker costs and strong yen to 'slash' profit
Mitsui OSK lowers profit forecast for current fiscal year.
- Report says bunker players under investigation
Singapore officials refuse to comment.
- Tsakos Energy Q1 net profit up 50%
Expects 2008 to be 'another positive year' for the tanker market.
- PTP supplier says business is 'picking up'
Source says likely impact of Tanjung Bin bunker hub still unclear.
- Supplies of 380 cst bunkers suspended
Taiwan's oil refiner says supplies of 380 cst bunker product in Taichung will be suspended until September.
- 'No volumes' for Fujairah fuel oil contract
Trading of the Fujairah 380 cst high sulphur fuel oil futures at a standstill.
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