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| MARCH 25, 2008 |
Shipping News
- Oman earmarks US$4b for fleet expansion
Oman's state shipping firm will spend up to US$4 billion in the next three to four years to expand its fleet size, a senior company official said, part of the sultanate's efforts to upgrade its oil industry.
- Peacekeepers make Mogadishu thrive
African Union peacekeepers have turned Somalia's biggest port into a thriving business centre providing a vital lifeline to war-weary residents.
- Asian aframax rates expected to rise
Asian afra- max charter rates may rise for a second week as shipowners seek higher fees because of increases in rates for supertankers and aframaxes in routes outside the region.
- Hopes fade for 18 crew 'trapped' in sunken ship
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| MARCH 25, 2008 |
- Maersk Line slot charters to CMA CGM, restructures services
- Fesco China service adds Qingdao to port rotation
- Qingdao Port Group plans for IPO this year
- MSC to hike BAF boxes from Italy, Spain, France, Portugal from April 15
- CEVA Logistics to house, distribute Pirelli tyres
- APM comes to Singapore to display latest in maritime technology
- Cathay plan for new air cargo terminal meets Hactl resistance
- Air France-KLM to buy Alitalia for US$215 million, scrap cargo unit
- Australian forwarders demand new wording on IATA contract
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| MARCH 25, 2008 |
- Allcargo beefing up LIFTING MIGHT
- Vini Container Lines enters fifth year of successful operations
- GE Shipping contracts to sell single hull vessel
- Maersk Line rolling out new BAF formula
- SCI plunging into 'offshore' sector waters soon
- Hapag-Lloyd options under examination
- Corporate sector lining up own fleet!
- Hamburg Süd & Maersk Line to cooperate in Oceania-N. America trade
- TUI's Hapag-Lloyd seeking Hamburg Süd tie-up?
- MSC to start Yantian- LA weekly Condor Express with Maersk Line's slot charter
- Asia-Europe container rates highest since '93
- Evergreen upgrades Far East/Adriatic service with bigger ships
- CMA CGM profit up by 58 pc to $ 966 m. on 40 pc revenue increase in 2007
- Hamburg Süd christens its largest-ever boxship
- Cosco launches Quanzhou-Manila service
- Hanjin Shipping turns to for new terminal tractors
- Traffic growth slows through major US ports
- APM Terminals profits up by 30 pc to $ 111 m
- Le Havre handles 80 m tonnes in 2007, posts 25 pc growth in boxes
- Peel Ports Group appoints new Chief Executive
- Gold jewellery exports retain shine
- $ 12 billion trade target set with South Africa
- Exim Bank inks a LoC deal with Afreximbank
- Committee being set up to study MbPT's expansion issues
- Iron ore terminal project at Ennore Port attains financial closure
- Open Chittagong port to economic prosperity, Indian HC exhorts Dhaka
- Consultant wants Cochin Port to become cruisers' home
- Rlys hauls 23 pc more revenue in Feb.
- Core sector growth slumps to 4.2 pc in January 2008
- 3-man panel set up to review drawback rates
- Customs duties cut on edible oils, waived on rice
- BoA clears 5 SEZs, sixth in principle
- Scheme for integrated textile parks retained in XI Plan
- PM assures strategies to promote textile sector
- Pradeep Bhargava elected Chairman of CII Maharashtra Council
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| MARCH 24, 2008 |
- LA and Long Beach to subsidize ships that switch to cleaner fuel
- Bisso Marine beefs up fleet
- Dry Docks World names CEO for SE Asia
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| MARCH 24, 2008 |
- Alaska Air Cargo adding scanner-based tracking system
- Tideworks opening office to serve Singapore region
- Port of Seattle backs biking at Shilshole Bay Marina
- APL starting new service calling Laem Chabang
- Corps installing new weirs to ease John Day fish passage
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| MARCH 24, 2008 |
- Transpacific Stabilization Agreement seeking to recoup fuel costs in contracts
Ocean carrier discussion agreement proposes an increase of $400 per 40-foot container to West Coast ports.
- LA-Long Beach ports approve fuel subsidy program
- GAO urges HMT review
- LA-LB boxes weaker
- New cranes for Mobile
- CMA CGM sells ship unit
- Cosco Shipping profit jumps
- Contship to double box capacity at Italian ports
- St. Lawrence Seaway opens
- Contship denies organized crime controls Gioia Tauro
- Air France-KLM dangles freighter offer for Alitalia
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| MARCH 24, 2008 |
- Rally buoys US shipping shares
US-listed stocks post a strong rally across the board, and shipping shares prove no exception in the bullish mood.
- Mickey mulls surcharge
Disney Cruise Line considers fuel surcharge but won't levy already-booked passengers.
- Ruperti dealt blow
Venezuelan shipowner loses fight to block New York attachment in fraud case.
- Coast Guard misses mark
Inspector general's report says the US Coast Guard missed its performance goals on marine safety.
- Ferc approves Broadwater
US Federal Energy Regulatory Commission gives conditional thumbs-up to New York FSRU.
- Marathon runs off with GSL
CMA CGM offshoot Global Ship Lease snapped up by 'blank-cheque' outfit for $1bn while Flemming Jacobs steps down.
- 18 missing off Hong Kong
Ukrainian seafarers feared trapped in hull of tug which sank after collision with Chinese owned bulker.
- Ship sails after India grounding
Dubai-operated boxship reaches Kolkata port after steering trouble causes it to ram jetty and ground.
- Bulk buoys Cosco
Shanghai-listed owner sees 83% hike in annual profit as bulker and multi-purpose segments boom.
- APL in Thai-ME link
NOL liner subsidiary to launch new container service between Laem Chabang and Pakistan.
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| MARCH 24, 2008 |
- CMA CGM to sell ship-leasing division
- APL launches Thailand/Pakistan/Middle East service
- Government files complaint over Independence
- MarAd seeks director for Miami office
- Rising costs require change in China sourcing strategy, study says
- Tesco finds Southwest Yanks not so obliging
- Bigger ships, slow U.S. economy will cool equity funds' terminal buys
- L.A. port official expects "horrific" volumes for March
- Oakland approves container tax, short on details
- Larger ships a threat to feeder, regional ports, terminal operator says
- Busan New Port to get tandem lift quay cranes through 2011
- Many vessels fail Calif. oil spill notification inspections
- Legal bill for Seattle port audit case grows
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| MARCH 24, 2008 |
- Oakland approves emissions strategy
'Bold step' to raise $520 million, will include cold ironing.
- Bunker market report from Praxis
- Double-hull barge begins operating in Durban
Delivery charges climb to reflect fleet upgrade.
- Bunker prices slide in Asian hub
Fuel oil follows crude oil market down.
- Latest catfine warning highlights low sulphur fuel
Blending low sulphur bunker product can come at 'a quality cost' warns DNVPS.
- Hong Lam signs chartering pact with Shell
Singapore's largest barge operator brings in new 8,600 dwt double-hulled bunker tanker.
- Forecast: Oil to stay in $30 range
OPEC president predicts oil prices will move between $80 and $110 a barrel.
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