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21 September 2020 The on-line newspaper devoted to the world of transports 02:37 GMT+2

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The Business Timesweb site
JANUARY 24, 2008
Shipping News
  • Ramunia accepts MISC's RM3.2b reverse takeover
    Ramunia Holdings Bhd has accepted MISC Bhd's reverse takeover offer worth RM3.2 billion (S$1.4 billion) through the issuance of 1.4 billion new shares valued at RM1 each and 3.6 billion 3.7 per cent new irredeemable convertible preference shares, The StarBiz reported.
  • GS Caltex to ban single-hull tankers
    South Korea's GS Caltex, the country's second-largest refiner, will ban crude shipments to its refineries in single-hulled oil tankers from next year, jumping ahead of a government plan to ban these tankers by 2011.
  • Johor still upbeat on port plan
    Plans to develop Tanjung Langsat Port into a facility targeting the oil-and-gas (O&G) sector by 2012 are on track despite the expected slowdown in the global economy and the fall in crude oil price to under US$90 a barrel, says a report in The StarBiz.

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Sched Netweb site
JANUARY 24, 2008
  • Maersk brings in 'fair, simple, transparent' way to gauge BAF
  • ICTSI Yantai terminal handles larger containerships
  • Fangcheng port sets throughput record in 2007
  • Sales chief quits at Panalpina after management shake-up
  • Port of Prince Rupert cargo throughput up 37pc in 2007
  • Marseilles-Fos handles record one million TEU in 2007
  • DHL ups air capacity, frequency of Manila-HK service
  • Ningbo Airport trade cargo volume up 10pc last year
  • Tulsa air cargo traffic sees 10-year high in 2007
  • West Bengali government plans to build Kolkata air cargo hub

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Exim Indiaweb site
JANUARY 24, 2008
  • Sethu project viable only for small ships-Naval Chief
  • DHL sharpens focus on export LCL consolidation
  • A 'Dream Run' for AMI India Logistics
  • Slash import duties by 10 pc, US Asst Commerce Secy advises India
  • India keen on expanding trade ties with Syria
  • JN Port operationalises crude oil handling facility
  • Kandla Port crosses Magic 50 73 days before fiscal-end
  • Rail freight rates for coal, fertilisers, iron ore may be pruned
  • Tie-ups on freight haul KRC out of tunnel
  • FBT to cover foreign firms' equity too!
  • Reprieve for exporters as rupee depreciates

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Marine Logweb site
JANUARY 23, 2008
  • COSCO Shipyard Group wins orders worth $422 million
  • Pride to add third ultra deepwater drillship newbuild
  • Crowley orders to more heavy lift barges
  • Keppel wins second Bully drillship contract

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World Wide Shipperweb site
JANUARY 23, 2008
  • Port of Seattle forming Committee to look into fraud vulnerability
  • NASSCO begins work on second product carrier
  • HORIZON FALCON crew earns seamanship trophy
  • Zim joins Grand Alliance in upgrade of ATX service
  • Crowley Maritime completes Angola, Africa transport project

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Lloyd's Listweb site
JANUARY 23, 2008
  • Shipowners face steep rise in P&I premiums
    INTERNATIONAL Group unveils increases for all type of vessels to meet record losses and pay-outs.
  • P&I clubs braced for tough renewal season
  • Tanker FFAs soar as South Korea curbs single hulls
    TANKER freight derivatives jump after oil importers announce immediate cut back on number of single hull VLCCs they charter.
  • Italian port operators call for safety overhaul
    GOVERNMENT urged to introduce updated safety regulation following deaths at Porto Marghera.

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Fairplayweb site
JANUARY 23, 2008
  • Koreans pre-empt single-hull ban
    KOREAN oil firms plan to reduce the number of single hull tankers before a ban is introduced by January 1, 2011
  • Varun doubles profit, ready to buy
    VARUN Shipping Co today said it has earmarked around $400M as capital expenditure for the calendar year 2008
  • Euronav happy despite losses
    AN upturn in freight rates has brightened the prospects for Belgian tanker firm Euronav, following a bleak end to 2007
  • Funding paves way for NSW terminal
    CONSTRUCTION of a $872M coal export terminal in Newcastle can finally begin now that funding is completed
  • Greens target Buquebus terminal
    ARGENTINE coast guards are bracing for another onslaught at the Buquebus ferry terminal in BA, where last week they prevented activists from disrupting ferry sailings
  • Gadani breaker to buy toxic tanker?
    A MEMBER of Pakistan Ship Breakers Association is on the verge of buying a tanker claimed to be loaded with highly poisonous chemicals
  • Genoa box terminal bans boxes
  • OOCL, Emirates, TS Lines team up
  • Mass migrant murder in Gulf of Aden
  • Third attempt for SA bunker tie-up
  • Asian bourses bounce back
  • Samsung urged to bear responsibility

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The Journal of Commerceweb site
JANUARY 23, 2008
  • APM Terminals leaving Port Everglades
    The A.P. Moller-Maersk unit has reached agreement with the Florida hub on an early exit from its lease.
  • TWIC progress meets with approval of House panel
  • New House bill seeks fees for freight infrastructure
  • Seattle adopts clean-air plan
  • Customs Update: 10+2 = Part Deux
  • DHL parent to take $874M writedown on U.S. unit
  • OOCL revenue climbs
  • Vancouver tops PNW boxes
  • Houston OKs Bayport bids
  • Norfolk Southern profit up 4% in fourth quarter
  • Lines drop congestion charge on Asia-Europe route

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Containerisation Internationalweb site
JANUARY 23, 2008
  • PSTM raises dividend
  • Agility expands East African presence
  • OOCL revenue soars by 21% in 2007
  • CN announces labour pact on US network
  • Lianyungang takes top growth spot in China

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TradeWindsweb site
JANUARY 23, 2008
  • ISC profits plunge
    International Shipholding Corp sees 87.1% fall in fourth-quarter earnings, but full-year profits improve.
  • Tanker rescues boaters
    Sonamar tanker plucks regatta participants from the water off southern Chile.
  • General Maritime soars
    New York-based tanker owner sees its stock heap on 11.5% after an analyst's upgrade.
  • Captains cash in on casualty
    Masters are illegally washing their ship's engines at sea and blaming any pollution on sunken Ice Prince, MCA says.
  • 'Still for sale'
    Bear Stearns analyst says US-listed Quintana Maritime probably is still on the selling block, though for better terms.
  • TBS scores credit
    US tweendecker and bulker owner picks up a $75m credit facility from DVB Group Merchant Bank.
  • Bank upgrades tankers
    Analyst hikes rating on four of five tanker companies covered by Jefferies as stocks offer a discount.
  • Samsung under fire
    South Korean shipping minister, Kang Moo-hyun, slams shipbuilder for its failure to come up with a proper settlement following Hebei Spirit oil spill.
  • Paragon forecast reduced
    Analyst drops earnings forecast for Paragon Shipping after the bulker owner changes accounting scheme.
  • GS bars single skins
    South Korea's second largest refiner will begin a phasing out of single hull tankers immediately ahead of blanket ban next year.
  • West coast slowdown
    Stalling box traffic and economic gloom set the scene for talks on new US waterfront labour contract.
  • Daewoo double at Duqm
    South Korean giant wins contract to build new Oman shiprepair facility to be operated by Daewoo Shipbuilding & Marine Engineering.
  • Tanker futures jump
    Ban on single-hulled VLCCs by Korea's second largest oil refiner sends FFAs up 10%.
  • New routes for Superferry
    Aboitiz-owned ferry operator resumes some Philippines island services to meet demand growth
  • Solstad shelves NOR listing
    Norwegian offshore owner's plans to list subsidiary in Singapore hit by volatile financial markets.
  • Third quarter boost for Varun
    Indian tanker and LPG carrier owner sees profit soar in three months to end-December.
  • Viking goes Swedish
    Baltic ferry line snubs Finnish and Estonian flags for replacement of ship at centre of union row.
  • OOIL shows slick numbers
    Hong Kong boxship giant reports large annual revenue and volume increase on back of strong intra-Asian trade.
  • TUI merger meeting?
    German shipping and tourism giant's supervisory board reportedly considering group tie-up on Wednesday.
  • Essar confirms merger plan
    Ruia brothers want to fold drilling and port operations into tanker owning company.
  • Oslo shares bounce back
    Norwegian shipping stocks on the up following the cut in US interest rates.
  • Tailor turns shipowner
    Singapore's Bright Orient (Holdings) is giving up the world of high fashion in favour of bulkers.
  • Greek port strike extended
    Piraeus dock workers to walk out on 30 January as action over privatisation escalates.
  • Golden Ocean fixes
    Norwegian owner sets pair of kamsarmaxes on order in China up with five year time charters.
  • Golar buys again
    John Fredriksen company adds more shares to own account in ongoing buyback drive.
  • ZIM joins GA on ATX
    Israeli firm teams with Grand Alliance consortium on North Europe-North US Atlantic trade.

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American Shipperweb site
JANUARY 23, 2008
  • OOCL posts strong revenue, volume gains in 4th quarter
  • Zim claims former area president took bribes
  • Eimskip ends short sea service
  • Intermarine takes delivery of new ship
  • Schindler returns to Intermarine
  • Nixon joining NYK (Europe) from Maersk
  • CSX's 4th quarter profit up 5%
  • Norfolk Southern's 4th quarter profit up 4%
  • CN's 4th quarter profit up after special items
  • USF Holland launches U.S.-Canada guaranteed service
  • Virginia, Norfolk Southern plan rail improvements
  • Compromise reached on mandatory AES rule
  • President Bush orders reform of U.S. export controls
  • GT Nexus acquires Metaship
  • Lowe's chief to head retail group
  • U.S. still top Cuba ag products supplier
  • Long Beach city council to consider tapping more port profits
  • Port of Boston reports record cargo volume

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The Scandinavian Shipping Gazetteweb site
JANUARY 23, 2008
  • Gard sues government for NOK 172 million
    Gard sues the Norwegian government for NOK 172 million because the rock that the Jebsen bulk carrier Rocknes hit in Vatlestraumen south of Bergen on 19 January 2004 was not marked on the charts even though the Norwegian Hydrographic Services ...
  • Aker Kvaerner to change to Aker Solutions
    As the final step in the successful integration of Aker and Kvaerner, Aker Kvaerner ASA has proposed to change its name to Aker Solutions ASA. During 2007 a long-term and stable ownership structure was established for Aker Kvaerner, as ...
  • Golden Ocean fix two Kamsarmax newbuildings
    John Fredriksen-controlled Golden Ocean Group has fixed out two Kamsarmax newbuildings from Zhoushan Jinhaiwan Shipyard in China. The Company will take delivery of a total of 8 vessels of this size between September 2009 and March 2011 and the ...

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The Bunker Bulletinweb site
JANUARY 23, 2008
  • New player could ease Fujairah shortages
    Vitol's presence will make Fujairah market 'more competitive and transparent'.
  • BP Marine pulls out of Cyprus
    Bunker sales failed to match expectations.
  • SkySails ship underway to Venezuela
    Voyage seen as key test of bunker-saving technology.
  • Rotterdam market firms drastically
  • Maersk Line using Bunkerworld data
    Maersk's BAF calculator bases prices on Bunkerworld averages.
  • OPEC to review all options in February
    Oil cartel has no decision on oil output yet.
  • Brightoil to start Shanghai bunkering
    Business expansion supported by strong bunker sales from its base of operation in Shenzhen.

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