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| JUNE 23, 2008 |
Shipping News
- Baltic index falls on less China iron ore imports
The Baltic Dry Index, a measure of shipping costs for commodities, had its first decline in three days on reduced demand for iron ore in China, the world's largest buyer of the material.
- Britain to study major rail network expansion
Britain will consider building five new main rail lines in a strategic review that could lead to the biggest railway expansion in more than a century to try to cope with booming demand, Network Rail said on Saturday.
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| JUNE 23, 2008 |
- Hamburg Sud offers new Asia, India, Pakistan service
- Eurogate enters into cooperation agreement with Shenzhen's SCT
- HK's May up 1.6pc to 2.1 million TEU year on year, Singapore up 12.3pc to June 1
- Panama forecasts 10pc box throughput growth in 2009
- Growing Brazilian box availability prompts sugar exports by container
- CMA CGM installs BASSnet Fleet Management Systems
- Liepaja Port to build two container terminals by 2017
- Qantas drops loss-making flights, withdraws old planes to meet fuel crisis
- IATA announces top international air cargo carrier rankings
- MASkargo sees fuel, business climate flattening China revenue this year
- Air T sees record profit rise of 37pc in fiscal 2008
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| JUNE 23, 2008 |
- 50 pc DA merged with SCI employees' basic pay
- GE Shipping draws up Rs 3,000-cr. fleet expansion plan
- Essar Shipping's Q4 net skyrockets by 190 pc!
- Space crunch to keep bulk shipping freight rates high till 2012
- MMTC floats tender for 18,000 t. of palmolein import
- SEAI against duty-free imports from Lanka
- Pulses export ban may be relaxed
- Textile markets in US, Europe shrinking
- China's port plans ring India
- Delhi-Mumbai rail freight corridor via Rajasthan reopens
- Rlys to set up global management institute
- Hind Terminals to operate CWC's CFS at Mundra
- NOL joins hands with CII in major community initiative in TN
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| JUNE 20, 2008 |
- Star Shipping splits
- "Cautious optimism" at American Club
- Denholm launches specialist cable arm
- Canada's ATBA protects whales
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| JUNE 22, 2008 |
- Death toll in ferry tragedy could top 800
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| JUNE 20, 2008 |
- New wind cargo equipment heading through Port of Longview
- US rail freight traffic on negative side during week
- Coast Guard Commander retiring from Air Station Port Angeles
- Repair work forces changes at Chittenden Locks in Ballard
- CShara Aranoff named chairman of International Trade Commission
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| JUNE 23, 2008 |
- Arroyo orders Coast Guard review after ferry capsized
PHILIPPINES president Gloria Arroyo has ordered a review of Coast Guard procedures.
- Singapore launches shipyard safety crackdown
SINGAPORE have launched a crackdown on shipyard safety after two fatal accidents.
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| JUNE 20, 2008 |
- Zim boxship fire extinguished
THE engine-room fire aboard the Zim containership India Lotus has been extinguished with no injuries, but the vessel is dead in the water 1,300km south of Dutch Harbor, Alaska
- Force Majeure follows Bonga attack
SHELL has declared Force Majeure on deliveries from Bonga, offshore Nigeria, for the rest of June and July, after the militant attack yesterday in which at least three workers were injured
- Daehan completes first ship
DAEHAN Shipbuilding in South Korea has completed its first ship at its Haenam premises
- Australian bill ups compensation
THE AUSTRALIAN government has introduced legislation into parliament that will increase the maximum amount of financial compensation available in the event of a major oil spill
- Shipping share volatility mystery
THE price movements of shipping stocks appear to be uncorrelated with the underlying markets and company strategies, said speakers at the Marine Money conference.
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| JUNE 22, 2008 |
- $80M to expand Charleston capacity
Biggest share of capital spending planned by South Carolina State Ports Authority in fiscal 2009 aims to boost capacity at Charleston.
- McCain stumps for NAFTA
- FMC progress praised
- German rival Hamburg Sud won't bid for Hapag-Lloyd
- Houston port board to vote on Bayport expansion
- Ports join TWIC sign-ups
- New cranes for Jaxport
- FMC to meet June 25
- Highway fund rescue urged
- Canada ports funding boost
- NYK axes Panama units
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| JUNE 22, 2008 |
- Is the US 100% scanning law dead in the water?
As US presidential candidates, Democrat, Barack Obama and Republican, John McCain get ready to slug it out in a four-month contest to become the most powerful human being on the planet, the issue of national security will be extensively debated. But do either of the senators have the vision to suggest a review of the unworkable 100% scanning law?
- Thamesport re-brands
- Scrutiny for Adelaide DP World deal
- MISC sets up own NZ agency
- 100 up for Portonave
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| JUNE 20, 2008 |
- Zim fire out
Crew reports engineroom blaze on Ofer containership brought under control with no injuries or serious damage.
- STX goes for Aker
Koreans ready mandatory offer for European yard group less than two weeks after ruling out move for more stock.
- Maltese cross
Bidders line up for island's shipyards that are facing subsidy cut-off by end of year.
- Hands off, Solstad
Brotherly love prevails as Age Remoy (pictured) finds friendly buyer in the shape of his brother, Stig.
- Not many takers
Norwegian shipbuilder Bergen Group's share offer shifts only 8.5% of stock.
- It's quotes time
Someone's sowing the seeds for the crew of tomorrow and the ITF is up to its old tricks.
- Zim ship burns
Israeli line's boxship India Lotus alerts USCG to fire onboard with Maersk vessel en route to help.
- Awilco jacked up
Takeover talk fuels surge in Norwegian rig owner's stock.
- Ships for sale
US-listed Arlington confirms eight tankers up for grabs after denying market rumours earlier this week.
- Sun sets on Jens
Norwegian owner sells out of shuttle tanker player Knutsen to devote energy to solar power venture.
- Clipper hits out
Guilty plea in Clipper Trojan pollution case leads to $4.75m fine as Clipper attacks crewing agent.
- Star splits
Spat over future direction forces Westfal-Larsen and Grieg to head in separate directions.
- Titanic2.0
Plans to build a scaled-down replica of iconic liner in Belfast, but no word yet on an iceberg.
- Prosafe sells out
Prosafe Production exits Teekay Petrojarl with sale 30% of stake to Teekay's TPO Investments.
- Bjorn backs sale
Prosafe Production CEO Bjorn Henriksen says $55m book loss is down to accounting issue.
- Essar on roll
Tankers and bulkers boost Indian owner's result in year to 31 March.
- American progress
New York based P&I club claims business is looking positive as it rings up $2.4m surplus.
- Denholm spreads
UK shipowner and manager eyes renewable energy move after setting up offshore unit.
- Vinashin upgrades
Vietnamese state giant readies $60m to turn Hon Gai into international ro-ro port.
- Eidesvik ups stake
NOK 1bn ($193m) charter allows Jan Fredrik Meling-led offshore owner to buy Ulstein Group's interest in newbuilding.
- Zim says 'Si'
Israeli liner owner snaps up remaining 40% in Spanish terminal which DP bought into this week.
- Output falling
Disappointment for tanker owners as analyst predicts Opec will load 230,000 bpd less in four weeks to 5 July.
- Chinese feast
AP Moller fires $1bn into China with ports and infrastructure top of the hit list.
- Death at Bender
US yard worker killed after becoming trapped by large sheet of metal.
- CSC settles
Strike at Keppel Fels' Azerbaijan shipyard wins workers 6% pay hike.
- Solstad set for hit
Oslo-listed offshore owner set for "significant loss" from MPU cost overruns.
- Danes in at ISP
Denmark's Clipper Group has bought half of Miami-based passenger ship manager.
- Exports rise
Weak US dollar helps drive up outbound container volumes at Long Beach.
- Capital idea
Say goodbye to Thamesport (London) and hello to London Thamesport.
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| JUNE 20, 2008 |
- Congress urged to review shipping regulation
- Report: Hapag-Lloyd forecasts big boost in earnings
- Maersk adjusts Europe/Morocco service
- FedEx stumbles to $241 million 4th quarter loss
- ATA warns Congress on impacts of greenhouse gas policy
- UP cancels embargoes
- Companies will make rail cars in India
- Senate committee adds money for DHS budget
- U.S. provides nearly $1 million to WTO technical assistance fund
- U.S., Greece discuss trade
- South Carolina budgets $80 million for port expansion
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| JUNE 20, 2008 |
- Future of some marine research unstable
Fierce fuel prices put a stop to even more scientific research trips.
- Chemoil gains software subsidiary
Latest share purchase in Calsoft lifts stake above 50%.
- Study helps measure ship-generated emissions
New formula shows that larger vessels travelling at slower speeds are the least polluting.
- Carnival: Fuel prices to hit 08 earnings
Cruise line seeing Q2 fuel costs up 59% and expecting more bottom-line impact later in the year.
- 'Only IMO' should deal with ship emissions
Industry leaders say post-Kyoto deal and regional regulations are not suited to control shipping's CO2 output.
- WFS: 'Acquisition talks' break-down
Report says moves by WFS to acquire tanker brokerage have fallen through.
- Global bunker market report
- Shipping emissions focus of new concern
EU report says CO2 emissions from shipping and aviation causing 'particular concern'.
- Rotterdam barge market very quiet
- Singapore prices fall from record high
Bunker prices drop following crude oil prices, traders say.
- 'Sock on a stack' cuts 95% of emissions
New emissions control system billed as 'cost effective' alternative to cold-ironing.
- Bunker firm opens Singapore office
- Shipyards must 'play their part' in fuel efficiency drive
Leading shipping executive says yards currently charge more for environmentally friendly designs.
- Aegean welcomes new CFO
Spyros Gianniotis steps in as Nakhleh leaves to 'pursue other interests'.
- Preparatory work completed at Malaysian bunker hub
Multi-purpose complex will support the construction of the country's landmark bunker project.
- Hong Kong mulls cleaner fuel for ferries
Talks are underway for ferry operators to try switching to using ultra-low sulphur diesel.
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