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| JULY 24, 2008 |
Shipping News
- Bidders to pay large premium for Daewoo Shipbuilding
Despite a sliding stock market, bidders for South Korea's Daewoo Shipbuilding may have to pay a hefty premium and large fees to snap up the coveted US$4 billion asset amid upbeat prospects for the sector.
- STX bags 214b won bulk carrier order
STX Shipbuilding Co, the owner of Europe's largest shipyard, said that it received a 214.1 billion won (S$288 million) order from Europe for two bulk carriers, filling an opening from a cancellation.
- Baltic Dry Index falls another 57 points
The Baltic Dry Index, a measure of shipping costs for commodities, had an eighth consecutive decline on reduced demand for so-called panamax vessels to haul grains.
- Hutchison top bidder in Greek port tender
- Fuel costs, weak US economy hit UPS profit
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| JULY 24, 2008 |
- MOL Africa service calls at Shenzhen's Da Chan Bay Terminal One
- Germanischer Lloyd opens in Fuzhou, appoints technical manager for China
- TNT launches intra-Asia time-definite trucking service
- APM Terminals to jointly build second box terminal in Vietnam
- GAC opens in Kazakhstan to serve central Asia oil and gas interests
- Chinese logistics investment sought by France
- UAL posts loss of US$2.7 billion; 7,000 jobs to go
- Arbitrators rule in favour of ABX Air over DHL
- Volga-Dnepr Group first half cargo revenues soar 180pc
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| JULY 24, 2008 |
- OOCL to connect India & Pak to US East Coast
- NOL submits indicative non-binding bid for Hapag-Lloyd
- Hydrocarbons D-G wants order on ship age kept in abeyance
- Iran wants supertanker to store crude
- Leather exports in 2007-08 net a few millions more
- Security concerns prompting govt to bar a few countries from new port projects
- New highway for Sikkim under study
- Rein on export of certain cotton varieties
- Nath makes presence felt as WTO talks resume
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| JULY 23, 2008 |
- Shipping industry protests at Hebei Spirit detentions
- Management fees "must rise"
- UK gets One Voice
- Euronav's strong first half
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| JULY 23, 2008 |
- Massive spill closes Lower Mississippi
- Bush signs MARPOL law
- Strategic Marine goes global
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| JULY 23, 2008 |
- Celebration marks upgrades to Port of Portland security
- Horizon Lines taps Storey as investor relations director
- Port of Vancouver hosting annual International Festival
- Coast Guard stepping in to clean up decommissioned ship
- Seven freight forwarders fined for Defense Department bid rigging
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| JULY 24, 2008 |
- Fleet Management, pilot charged with Cosco Busan offences
FLEET Management has been indicted for negligently causing an oil spill and falsifying documents.
- US Coast Guard in the firing line over Cosco Busan
- Puntland clan elders to negotiate with pirates
THE pirates are holding the Stella Maris with 20 Filipino crew on board and elders will find out their demands.
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| JULY 23, 2008 |
- Fleet Management charged with Cosco Busan cover-up
FLEET Management Ltd, the company that managed the Cosco Busan when it crashed into a San Francisco Bay bridge, spilling 166 tonnes of bunker fuel, was indicted today on six felony counts of filing false documents to try and cover up negligence
- Cruise shares rocket after layoff
ROYAL Caribbean Cruises shares have surged 18%, proving again that short-term investors reward mass layoffs
- Collision closes Mississippi
MILES of the lower Mississippi are closed to commercial traffic after an overnight collision involving a tanker and a towboat
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| JULY 23, 2008 |
- UPDATE -- ILWU talks nearing completion
Negotations between International Longshore and Warehouse Union, employers closing in on a new multi-year labor contract.
- ILA 'firmly behind' ILWU
- Court rules EPA cannot exempt vessel discharges
- Charge hits Ryder net
- TWIC reader tests to begin
- Manufacturers seek tariff reductions at trade talks
- Cosco Busan operator charged with obstruction
- Evergreen in Baltimore pact
- Bush signs MARPOL bill
- WTO meets for Doha talks
- NY-NJ Port Authority protests planned cuts for TWIC pilot
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| JULY 23, 2008 |
- Hutchison consortium submit highest bid for Thessaloniki
- Hamburg Sud adds NZ-Asia ship to cut costs
- Maine closes its box terminal
- New India/USEC service launched to replace axed IDX operation
- TPT orders new RTGs for Cape Town
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| JULY 23, 2008 |
- 1,300 tonnes
Coast Guard gives details on spill from American Commercial Lines barge after it collided with the Tintomara.
- Mississippi mess
Diesel oil is leaking after a American Commercial Lines barge and a chemical tanker are involved in collission on the Mississippi River.
- Dolly closes ports
As Category 2 hurricane nears land, south Texas ports are closed. Storm skirts offshore operations.
- $3m to free ship?
Huge number of pirates means Somali captors of Japanese supramax Stella "won't take less than $2m", source claims.
- All about OPEC
JPMorgan analyst shifts tanker rate projection focus from oil demand, as he lifts earnings forecasts for US-listed owners.
- Close shave
Loss of situational awareness lead to a potentially disastrous near head-on collision in Australia.
- Greek ships crash
Blue Star Maritime vessel smashes into docked ferry, injuring three people.
- Li wins the day
Hong Kong billionaire's consortium enters highest bid for Thessaloniki terminal contract.
- Bouncing back
Shares in Svein Moxnes Harfjeld-led BW Offshore gaining ground after recent slump.
- Hapag bids flow in
Up to six or seven bidders enter starting race for Hapag-Lloyd but mooted figures on the low side.
- Crude gain
Port of Rotterdam builds oil volumes by 11% in first half, as demand grows in Benelux and Germany.
- Sub sea work
Titan of the US drafted in to shift World War I German U-boat to give ships more clearance in English Channel.
- Six for Vyborg
Russian owner continues to expand fleet with deal for con-ros at Uljanik in Croatia.
- Back in vogue
Investors flock back to buy South Korean shipbuilding stocks on the back of DSME's record sales performance.
- Sovcomflot soars
Hot tanker market sees Russian giant's revenues more than double in first half.
- STX fills slots
Mystery European takes up two available slots at Korean yard after Greek's capesize order was quashed.
- Ferry shake-up
Philippines politician wants owners to list to improve corporate governance in wake of Princess of the Stars disaster.
- Paris pumped up
Goldenport boss tips revenue to rise 15% over the next three years following double bulker sale.
- Mile HHI club
South Korean shipbuilder said to be eyeing up near $20m slice of Hainan Airlines unit.
- Evergreen signs
Taiwanese box line set to stay at Baltimore in US for another 10 years.
- Another try
India's Kerala government wants to launch ferry service to Persian Gulf after previous attempts ended in failure.
- APM expands
AP Moller's terminal arm signs up for second joint venture container port in Vietnam.
- Trio for Aegean
Greek bunker player confirms acquisition of ex-Everard Shipping product tankers.
- India bound
OOCL to launch new Indian subcontinent to US East Coast service in August.
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| JULY 23, 2008 |
- OOCL, NYK ships to enter U.S./Indian Subcontinent loop
- Northrop unit to supply navigation equipment to Carisbrooke newbuilds
- USTDA gives second grant to Vietnam aviation agency
- Dascher forms Dutch joint venture to focus on air freight
- London's £16 billion Crossrail project ready to roll
- Norfolk Southern 2nd quarter profit up 5%
- U.S. implements two CAFTA-DR textile provisions
- Commerce increases watch over Iranian trade
- Importers ask Congress to slow down "10+2" implementation
- C.H. Robinson's 2nd-quarter profit up 10%
- BDP International expands presence in Argentina
- Kuehne + Nagel consolidating brands in Greece
- FMC reviews 27 OTI license applications
- ATA to file suit against SoCal truck plan next week
- Long Beach port to move forward on maglev pilot project
- Boston longshoremen plead guilty in fraud case
- Hawaii, Alaska legislators seek California container fee exemptions
- Baltimore will sign new contract with Evergreen
- CKYH Alliance makes first Euromax call
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| JULY 23, 2008 |
- DOE report in line with bearish forecasts
US crude oil stocks decline but high prices appear to have hit gasoline demand.
- Bunker prices tumble as crude markets sink
Observers say crude oil prices under pressure as US dollar strengthens.
- Global bunker market report
- Asia 'will need more fuel oil imports'
Consultancy says 14 million mt of regional production will be lost in the next two years.
- ARA - Barges tight over weekend
- Singapore bunker prices plunge
The price of 380 cst product at three-week low.
- Royal Navy caught out by fuel price gains
Live exercises may be cut as MoD looks to cut costs.
- Titan leases out floating storage unit
Two global oil trading firms will take up its floating storage unit in Malaysian waters.
- Malaysia-listed firm mulls bunkering venture
Company could 'ride the oil and gas boom and to expand its earnings base'.
- Aegean buys three double-hulls
The bunkering tankers are for its service centre in Piraeus, Greece.
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