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01 October 2020 The on-line newspaper devoted to the world of transports 18:00 GMT+2

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The Business Timesweb site
JULY 23, 2008
Shipping News
  • Government divestment plan lifts Daewoo shares
    South Korea will privatise state-invested firms including Daewoo Shipbuilding and Marine Engineering, its finance minister said yesterday, lifting shares of the world's No 3 shipbuilder by 5 per cent.
  • Baltic index falls further as Aussie congestion eases
    The Baltic Dry Index, a measure of shipping costs for commodities, had a seventh straight decline as vessel congestion eased in Australia.
  • DRPA to refinance debt worth US$358m
    The Delaware River Port Authority (DRPA), one of the last municipal borrowers to issue auction-rate bonds, will refinance US$358 million of the debt this week, more than five months after the market collapsed.
  • Royal Caribbean's net profit falls to US$84.7m
Strait Talk
  • A sinking feeling for smaller shipping lines
    THE international shipping market has always been notable for entrepreneurs who have come along, set up lines and flourished.

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Sched Netweb site
JULY 23, 2008
  • Bidding war begins as NOL openly bids for Hapag-Lloyd
  • APL reveals June container volume and revenue up 13pc
  • Shekou, CIQ set up green passage for Olympic cargo at CCT
  • OOCL renews US Customs-Trade Partnership Against Terrorism certificate
  • Maersk turns to Yiwu International Logistics Centre for transshipments
  • Canadian National, CP team up for Vancouver yard switching
  • Staten Island ExpressRail performs well in first year
  • CEVA integrates global businesses with four new heads
  • JAL launches charters from HK to Haneda Airport, Tokyo
  • Air New Zealand's starts Auckland-Beijing service
  • Air Canada to reduce flight frequency yet again

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Exim Indiaweb site
JULY 23, 2008
  • Schenker India proves its ODC logistics expertise once again
  • FEFC carriers gain as Asia-Europe trade grows
  • GE Shipping to enhance presence in offshore segment
  • Passenger vessel built at HSL sets sail for Lakshadweep
  • KoPT's Diamond Harbour CT cost estimates double
  • We facilitate trade & solve problems, clarifies Customs chief
  • Rlys' Q1 freight revenue surges by 22 pc
  • Velji Dosabhai ships 20 export boxes from ICD-Ankleshwar to JNP Cost-effective facility for trade
  • Tea exporters now face regulations
  • IMF predicts 8 pc GDP growth in 2008
  • Exim Bank to raise Rs 17,000 cr. this fiscal
  • Ficci wants changes in NAMA draft
  • Duty drawback made simpler
  • Nama-11 rejects move to limit flexibility on tariffs at WTO meet

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International Transport Journalweb site
JULY 23, 2008
  • Ceva announces worldwide integration of business units
  • New shipping services from Russia to Western Europe
  • Swiss acquires Servair
  • Dachser and Seacon Logistics found joint venture

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Maritime Global Netweb site
JULY 22, 2008
  • Pirates seize bulker
  • NOL bids for Hapag-Lloyd
  • Singapore to aid Indonesian ferry safety
  • OW continues training programme
  • Draught survey warnings

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Marine Logweb site
JULY 22, 2008
  • Derecktor Shipyards Connecticut files for Chapter 11
  • Shipping industry protests Hebei Spirit detentions
  • Somali pirates seize 52,454 dwt bulker
  • NOL makes bid for Hapag-Lloyd container business

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Lloyd's Listweb site
JULY 23, 2008
  • Investors shrug off doubts over NOL's Hapag-Lloyd bid
    NOL'S stock rises despite earlier concerns that it may overpay for the German line.
  • NOL talks down Hapag-Lloyd takeover value
  • Wei resigns as chairman of third Cosco unit
    HE stepped down as chairman and director of Hong Kong-listed Cosco Pacific to concentrate on leading Cosco Group.
  • New IEX India-US service set to replace old IDX route
    OOCL, Hapag-Lloyd, CMA CGM, NYK and APL to launch new service on August 8.

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Fairplayweb site
JULY 22, 2008
  • Kremlin divvies up Sakhalin-1 gas
    GAZPROM has climbed down from demanding sole rights to sell all of the gas from the Sakhalin-1 scheme.
  • Singapore investigates bunkering
    AT LEAST one bunker supplier ' Gas Trade ' is being investigated in Singapore on suspicion of unauthorised transfer of fuel from a terminal, Fairplay 24 has learned
  • RCCL ties layoff to price rise
    ROYAL Caribbean Cruises chairman Richard Fain has acknowledged today that the company's 400 layoffs were a painful but necessary reaction to unprecedented operating difficulties in the cruise sector
  • Security tactics spur suit
    A LAWSUIT filed against Princess Cruises and US law enforcement agencies alleges that two passengers were the victim of civil rights violations during a security scare

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The Journal of Commerceweb site
JULY 22, 2008
  • ILWU contract talks progress, but frustrations remain at dock slowdowns
    No union labor agreement yet, but both sides say progress is being made on reaching a new multi-year labor contract for West Coast ports.
  • Evergreen, Port of Baltimore in 10-year agreement
  • NOL bids for Hapag-Lloyd
  • Storm to hit Brownsville port
  • Record Norfolk Southern net
  • New project liner service connects Asia, WCSA
  • UPS profit slides 21%
  • Insurers bid for Panama Canal advisory services
  • New vessel expands Caytrans breakbulk service
  • US offers farm support cuts
  • OOCL joins Indamex lines

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Containerisation Internationalweb site
JULY 22, 2008
  • LA productivity 'down 40%' as contract talks continue
  • NOL confirms indicative non-binding bid for Hapag-Lloyd
  • Dolly upgraded to hurricane but oil price still eases
  • DP World issues trading update

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TradeWindsweb site
JULY 22, 2008
  • Arlington jumps
    Edward Terino-led tanker owner posts 34.9% boost in second-quarter profits.
  • Euronav orders
    Belgian owner books three tankers at South Korea's Samsung Heavy Industries.
  • Royal rise
    Richard Fain-led Royal Caribbean's stock posts big gains Tuesday after the cruiseship owner unveiled cost-cutting measures.
  • Doubly Maersk
    Maersk Line Limited paid $11m each for a pair of vessels exclusively brokered by another AP-Moller Maersk arm.
  • Ampal wants all
    US-listed company makes bid for remaining stake in Gadot Chemical Tankers and Terminals.
  • Profits galore
    Euronav reports its best-ever first-half results as tanker rates surged.
  • Korea roasted
    Nation under fire for unjust and unreasonable detention of two officers cleared of causing the Hebei Spirit oil spill.
  • Suape swells
    Brazilian port sees 18.7% cargo surge in the first half as dry-bulk and project cargoes jump.
  • Ocean Rig de-lists
    DryShips pulls Ocean Rig off the Oslo Stock Exchange after taking full control of the company.
  • Wei off again
    Cosco Group chief walks away from second chairmanship in two days after quitting his post at Cosco Pacific.
  • Oman, not again!
    This time French Navy come to aid of UAE ship off Oman after Lehmann Timber ordeal ends.
  • Supramax seized
    Somali pirates may have landed biggest catch to date with reports a Japanese bulker is hijacked.
  • Any takers?
    No bids yet as WSF tries to sell its four Steel Electric veteran ferries on eBay.
  • Tallink warns
    Fuel bills have doubled since September, leaving Estonian ferry player at a loss this year.
  • STX adds one
    Korean shipbuilder books a VLCC newbuilding from Europe for $153m.
  • Chinese takeaway
    Malaysia's Global Carriers picks up $20m product tanker at its old favourite, Ningbo Shipyard, with tasty delivery date.
  • DSME on song
    South Korean shipbuilder bags record sales in the second quarter lifting its bottom line by 13%.
  • RCCL axes 400
    Soaring fuel costs send profit slumping and staff out the door as RCCL also pulls out of student programme.
  • Vroon breezes in
    Dutch owner has ordered two wind turbine installation ships at Cosco Nantong in China.
  • Full speed ahead
    Sale of share in Daewoo Shipbuilding to go ahead 'immediately', Korean finance minister says.
  • GSI thinks big
    Takeover of Wenchong yard to give major boost to Chinese shipbuilder's 2008 profit
  • Price of progress
    NOL has bid for Hapag-Lloyd but analysts fear it will pay over the odds to gain control.
  • Derecktor files
    US ferry builder enters Chapter XI bankruptcy protection to settle dispute over ship delivery.
  • Ray eyes yards
    Israeli car carrier king Ravi Ungar wants to build up to seven shipyards in Vietnam
  • Fiji fury
    Construction company stuck on remote island with 13 trucks for two days after chartered ship ups and leaves.
  • SCI's bonus
    State owner plans to issue extra share for every two held, most of which will go to the government.
  • Engines galore
    MAN wins 18 engine order from AP Moller for recent boxship orders at Hyundai.
  • BGP near order
    Chinese geophysical company poised to contract seismic streamer newbuilding.
  • More SapuraCrest
    John Fredriksen's Seadrill takes another nibble of Malaysian offshore player.
  • Extras aid NOL
    BAF and higher backhaul freight rates help lift revenues at Singapore liner operator.

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American Shipperweb site
JULY 22, 2008
  • NOL, Hamburg consortium vie for Hapag-Lloyd
  • Senate wants Kings Point audit, citing possible misuse of funds
  • Suez Energy proposes U.S.-flag re-gas ship for LNG import plant
  • ESPMC-WITASS implementing heavy box surcharge
  • CMA CGM U.S. subsidiary makes three changes
  • Horizon Lines names director of investor relations
  • UPS 2nd quarter profits tumble
  • Forward Air reports improved results
  • Canadian Pacific Railway sees profits decrease
  • WTO finds against Chinese treatment of imported auto parts
  • NFTC warns against clouding Doha talks with IP rights issues
  • Marsh, AIG offer new supply chain disruption insurance
  • Chinese auto components exports to India soar
  • Stanley awarded $3 million USTRANSCOM contract
  • Feds donate dredge fill for new Charleston terminal

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The Bunker Bulletinweb site
JULY 22, 2008
  • Chinese fuel oil imports slump
    High prices blamed for collapse in demand.
  • Bunkering fumes draw new complaints
    Undesired side-effects hard to avoid despite Gibraltar's 'very well regulated' bunker industry.
  • New main number for Global Fuels & Lubricants
  • Global bunker market report
  • Rotterdam market firming quickly
  • New bunker facility boosts throughput
    Novorossiysk port says bunker transshipment complex is making an impact.
  • Trading manager appointed to Chemoil's Singapore team
    New recruit has background in regional oil products trading, derivatives and brokerage.
  • Bunker prices rebound in Asia
    Demand reported to be average.
  • Bunkerworld welcomes panelist to Risk Management forum
  • Sri Lanka's biggest supplier to lose Colombo tank facilities
    Supreme Court orders holding company to return a block of port land to the government.
  • HPCL offers end-August fuel oil cargo
    The 380-cst cargo likely to be sold at a firm price due to a tight East Asian market.

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