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| FEBRUARY 25, 2008 |
Shipping News
- Indonesian police seal off barge for lacking documents
Police have sealed off a barge loaded with tin ore in Indonesia's main tin-producing Bangka-Belitung islands because it lacked the correct papers, a police official said on Saturday.
- Piraeus to go for rent, 50m euros
Piraeus Port Authority, Greece's biggest port, wants the winning bidder for its container terminals to make a one-time 50 million euros (S$104.2 million) payment and pay performance-based rent over the contract period.
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| FEBRUARY 25, 2008 |
- UASC receives second 6,919-TEU box ship from HHI
- CCNI plums for IAS slot exchange and box visibility scheme
- Arroyo officiates as 'K' Line opens Philippines maritime academy
- Kuehne + Nagel lands Samsung contract for Baltic states
- Royal Arctic Line to buy ice breaking box ships from Aker Yards
- Russian Railways to build railway to Algeria and beyond
- Alitalia cargo falls 3.8pc in January, passengers down 8pc
- Austrian Airlines to fly from Domodedovo airport to Nizhniy Novgorod, Sochi
- DB Schenker starts construction on Dallas airport logistics hub
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| FEBRUARY 25, 2008 |
- India, China demand fuelling bulk shipping rates; bucking US slowdown
- INSA seeks tax breaks, faster disbursal of sops in Budget wishlist
- UASC's 2nd of 8 boxships, m.v. Hatta, named & delivered at HHI's Ulsan shipyard
- Minister to lead trade team to diamond-producing nations
- Dubai Int'l to invest in India
- 'Way ports' along coastline hold key to increasing containerisation-Capt. P.V.K. Mohan
- Vallarpadam box terminal project will be completed on time-CoPT chief
- PMO clears Kolkata deep-sea port project
- Heavy ore displaces soil at VPT rail yard!
- VPT races past 2006-07's record throughput with 38 days to spare
- Rlys to toughen tracks to hold 25-tonne axle load rakes
- Elbee places critical data at customers' fingertips
- EPCs' SPV solution to rupee-hit textile sector on anvil
- 41 pc rise in direct tax collections
- India-US investment protection pact likely by year-end
- CII, Canadian body sign trade pact
- Bank staff strike on Feb. 25-26
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| FEBRUARY 22, 2008 |
- Maagd new Wincanton MD for Western Europe
- Hamburg Süd, Alianca and CCL optimise services
- Kenya Airways suspends Paris flights
- Samsung and K+N enter Baltic partnership
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| FEBRUARY 22, 2008 |
- Nigeria "not a war zone"
- Odfjell cancels Russian newbuildings
- Go-ahead for UK box port
- Indian seamen's new pay deal
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| FEBRUARY 22, 2008 |
- New management team at Fraser Shipyards
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| FEBRUARY 22, 2008 |
- Port of Olympia cancels annual boating/chowder event
- US rail freight traffic up for first part of 2008
- Crowley transports rare auto to show in Puerto Rico
- Boeing seeing gains in freighter production
- US government official to visit CAFTA-DR countries
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| FEBRUARY 22, 2008 |
- Mixed signals follow soft freight rates
CONTAINER lines are keeping an eagle eye on the Asia-Europe trades as rates come under pressure.
- Charter market holds firm, but Asia-Europe freight rates dip
- Tonnage tax changes may have serious consequences
PROPOSED changes to the UK tonnage tax regime may cause serious consequences for container lines.
- Bertrand Thouilin leaves Total post
TOTAL oil group head of shipping leaves his post just two weeks after having been acquitted in the Erika trial.
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| FEBRUARY 22, 2008 |
- P&I renewal causes angry splits
P&I clubs are under pressure to lower their renewal rates amid accusations that the increases have been mis-sold. Increases of around 15% have left shipowners angry and frustrated, with many high-profile names abandoning long-standing relationships with their clubs
- Grindrod questions charter policy
GRINDROD reported a strong performance in 2007, but has questioned whether a strategy of fixing out a part of its fleet might limit earnings potential in times of high rates
- Yards spooked by POSCO's Daewoo bid
A PLAN by the South Korean steel maker POSCO to take over Daewoo Shipbuilding & Engineering is raising concern over possible unfair competitive practices
- Tax relief for Indian shipowners
INDIAN shipping companies have been assured that they will be exempt from Minimum Alternate Tax on profits earned from the sale of vessels. Shipyards are also hoping for sympathetic treatment
- MarAd offers 'Vision for the Century'
- Diplomacy urged in Spain's port war
- Mexican cabotage law needs money
- MISC to set up box terminal at PTP
- Tainted transport minister quits
- Westports builds with Islamic loans
- Baosteel forges shipping j-venture
- IMC acquires offshore unit
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| FEBRUARY 22, 2008 |
- Box traffic off at Pacific Northwest ports
Vancouver and Seattle see declines in January container volumes but Portland traffic bucks downward trend.
- French port strike called off -- for now
- Tacoma to issue $120 million revenue bonds
- BDP launches alliance of logistics providers
- Beacon Group acquires List Logistics
- Bill would give Coast Guard authority for vessel-discharge regulation
- Mob controls Port of Gioia Tauro, report says
- Marad issues 21st century vision statement
- USDA raises forecast for agricultural exports
- EU calls for strategic relationship with China
- "K" Line opens Philippine maritime academy
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| FEBRUARY 22, 2008 |
- How challenging will 2008 be for the global logistics industry?
According to a new report by independent market analyst, Datamonitor (www.datamonitor.com), the global logistics industry is set for a 'challenging year' in 2008, as the effects of the sub-prime induced credit crunch start to bite.
- DVTG launches container rail service from Finland to Russia
- Vancouver docker-employer accord ratified by directors
- ANL readies new buildings
- HMM's largest box ship completes first journey
- Barge carriers fight Rotterdam congestion with 1,000 TEU push barge convoys
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| FEBRUARY 22, 2008 |
- Analyst watching steel
Dahlman Rose shipping research head Omar Nokta says the strength of this year's dry-bulk freight rates will depend on steel prices.
- Vinalines adds panamax bulker
Vietnamese owner emerges as the buyer of the panamax bulker Thrasyvoulos V, which was sold by Alexandria Shipping.
- Aframax on the block
Owners hang the for sale sign on the 109,000-dwt products tanker Seapride I.
- Grand Mountain for grabs
MS Tanker Shipping's single-skin VLCC is circulated by brokers as for sale.
- Swissco bags year charters
Singapore offshore vessel player puts new OSVs on Middle East charters.
- Pair of kings sold
STX Pan Ocean is reported to have bagged a pair of 2,740-teu newbuilding boxships.
- China steelmaker signs on
China's largest steelmaker agrees to a 65% price increase with Brazilian miner Vale, in another welcome sign for dry-bulk shipping.
- MPP duo sold
Two 21-year-old multipurpose ships have been sold to undisclosed buyers for $24m each.
- Danish owner wins pay-out
Swedish port of Ystad to compensate ferry operator Bornholmstrafikken for overcharging.
- Kerry says slow down
US senator and former presidential hopeful introduces a bill that would require ships to slow down in areas off the East Coast to prevent whale collisions.
- Unions snubbed on Nigeria
Call for West African country to be declared a war-risk zone rejected by employers.
- Buyback "a major positive"
Dahlman Rose analyst smiles on Navios Maritime Holdings' share repurchase program.
- Norden makes it three
Danish owner promotes Jacob Meldgaard to join two other bosses on executive management team.
- Lucy's salvage odyssey
After the chemical tanker Golden Lucy suffered an explosion off Nigeria, salvors pay a ransom and face rebel attacks.
- PetroProd posts big loss
Oslo-listed tanker owner enduring costly wait to convert aframaxes into FPSOs.
- PD wins terminal approval
UK operator cleared to add 1.5m-teu Northern Gateway to Teesport in north-east England.
- Tankers on hold at Shreyas
Indian boxship owner scraps deal to buy first products carrier, but continues to explore opportunities in wet trades.
- Forex fiasco hurts SembCorp
Singapore yard group's fourth quarter profit wiped out by $208m charge for finance chief's unauthorised deals with banks.
- Garware adds anchor-handler
Indian offshore owner to take delivery of latest AHTS vessel in February 2009.
- CSDC joins with Baosteel
New Hong Kong joint venture to double bulker capacity to 3m tonnes by 2015 for iron ore trade.
- Namura nails it
Japanese shipbuilder's increased productivity boosts nine-month profit as owners queue for VLOCs.
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| FEBRUARY 22, 2008 |
- Tropical Shipping's profits up in 4th quarter, down for year
- Chubb to offer hull insurance
- A.P. Moller Singapore takes delivery of third 9,000-TEU ship
- CSAV Norasia upgrading Intra Asia service
- FMC appoints King to acting general counsel
- BOC Aviation orders five A330-200 freighters
- St. Lawrence Seaway freezes tolls
- Great Lakes-St. Lawrence Seaway sets opening dates
- Canadian Pacific to appeal grain shipment revenue caps
- USDA forecasts record $101 billion in ag exports for 2008
- Schwab: India-U.S. FTA not realistic right now
- U.S. enters bilateral investment treaty with Rwanda
- EU ambassador questions 100% scanning law
- India to further help currency-hit exporters
- Grindrod profit up 21% in 2007
- Judge wants additional information in Bayonne dispute
- Norwegian firm to build dry fertilizer terminal at Stockton port
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| FEBRUARY 22, 2008 |
- Brittish shipping 3-5 times larger thanks to tonnage tax
In 2000, UK introduced a tonnage tax system and the British shipping industry is today 3-5 times larger than it would be without this tax reform. This is one of the conclusions in a clustre study by Oxford Economics, an ...
- Danica White hi-jack case closed
The Danish Maritime Authority (DMA) has decided not to press charges against anyone in the Danica White case. DMA has been investigating the case where Danica White in June last year was hi-jacked off the coast of Somalia and ...
- Best ever operating results for Wilson
Operating results at minibulk owner/operator Wilson in Bergen in 2007 were the best ever at NOK 257 million against NOK 184.7 million in 2006, mainly thanks to a five per cent increase in contract rates and a good ...
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| FEBRUARY 22, 2008 |
- Low sulphur fuels add to 'sludge problems'
Testing agency calls for updates to the ISO 8217 fuel standard to offer ship operators more safeguards.
- Progress made on IMO sulphur verification guidelines
Proposal points toward strict interpretation of sulphur limits in the event of checks on MARPOL sample.
- Bunker market report from Praxis
- New director at Total Marine Fuels
Christophe Girardot says he comes to the industry at an exciting and challenging time.
- Cruise lines bow to pressure on low sulphur fuel
Signs of a compromise in Hawaiian dispute of over cruise lines' sulphur emissions.
- Personnel moves at Petrobras
- Bunker surcharges under scrutiny
European Shippers' Council launches probe on scale of BAFs.
- Rotterdam bunker prices down
- Singapore posts higher trade index
Q4 trade figures show gains in wholesale of 'ship chandlers & bunkering' category.
- Low demand weighs down Singapore prices
Prices soften after a week of low demand and latest fall in crude oil prices.
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