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31 May 2020 The on-line newspaper devoted to the world of transports 11:15 GMT+2

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The Business Timesweb site
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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Sched Netweb site
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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Exim Indiaweb site
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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Maritime Global Netweb site
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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Marine Logweb site
JULY 23, 2008
  • Massive spill closes Lower Mississippi
  • Bush signs MARPOL law
  • Strategic Marine goes global

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World Wide Shipperweb site
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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Lloyd's Listweb site
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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Fairplayweb site
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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The Journal of Commerceweb site
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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Containerisation Internationalweb site
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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TradeWindsweb site
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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American Shipperweb site
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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The Bunker Bulletinweb site
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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