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13 August 2020 The on-line newspaper devoted to the world of transports 14:18 GMT+2

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The Business Timesweb site
JULY 25, 2008
Shipping News
  • Pacific Shipping Trust holding off ship buys
    Pacific Shipping Trust, South-east Asia's first ship-owning business trust, said that it plans to hold off asset purchases this year because it expects vessel prices to fall.
  • Hyundai Heavy leads gains on Q2 earnings outlook
    Hyundai Heavy Industries Co, the world's largest shipbuilder, led advances among South Korea shipyards for a second day in Seoul on expectations of higher second-quarter earnings.
  • Super Group to raise 750m rand in share sale
    Super Group Ltd, the South African freight transporter and car dealer, plans to raise 750 million rand (S$135.1 million) by selling shares to existing investors and said full-year profit may decline due to fraud.
  • Shipping firm charged
  • China Shipping to partner coal producer
  • Rolls-Royce H1 earnings surge 11%

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Sched Netweb site
JULY 25, 2008
  • OOCL to start Indian subcontinent-US east coast IEX service
  • AADA to raise bunker surcharge from August 8
  • Shenzhen-Changsha rail link from August to reach PRD hinterland
  • HK's Great Ocean Container Line to launch Asia-Europe service in Q4
  • DP World first half volume up 21pc to 13.6 million TEU
  • Ships eat into Thai airfreight, says forwarders group
  • Kuehne + Nagel sees first half profit rise 14.5pc
  • Air France-KLM deploy new fuel surcharge method in September
  • Boeing, Aviation Capital sign for 15 Next-Generation 737s
  • HK post office's iMail service launched for small-sized goods

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Exim Indiaweb site
JULY 25, 2008
  • Teamglobal completes 3 years of successful operations
  • Global shipping bodies protest against unjust & unfair detention of 2 Indian officers in Korea
  • Garware Offshore takes delivery of 8th AHTSV
  • 50 pc surge in exports to Canada since 2002-03
  • Vallarpadam ICTT taking concrete shape
  • Indialinx celebrates a year with over 95 pc capacity use
  • India softens stand on US farm subsidies at WTO

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International Transport Journalweb site
JULY 25, 2008
  • Klaus-Michael Kuehne announces succession plan
  • Trans-o-flex expands logistics activities for Ronnefeldt

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Maritime Global Netweb site
JULY 24, 2008
  • Accident closes Mississippi
  • BV in Russian Registry deal
  • BRS sets up in Singapore
  • Bøe bows out

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Marine Logweb site
JULY 24, 2008
  • Ted Kennedy makes plea for DDG 1000
  • Robert Allan restructures
  • Coast Guard extends Mississippi River closure
  • Kvichak builds Navy utility boats
  • NTSB faults master in Empress grounding
  • Navy cuts DDG 1000 program to two ships
  • Cosco Busan manager indicted on felony charges

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World Wide Shipperweb site
JULY 24, 2008
  • Neptune Orient Lines makes offer for Hapag-Lloyd container business
  • Portland Airport road work scheduled to begin today
  • Coast Guard warns against making hoax distress calls
  • Port of Anacortes project to receive AAPA award
  • ILA union members back ILWU in labor negotiations

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Lloyd's Listweb site
JULY 25, 2008
  • Hyundai Vinashin caught trying to dump toxic waste
    THE Vietnamese shipbuilder has been fined after inspectors caught its contractors in the act.
  • Hyundai Mipo chases record with $159m four-ship order
  • Excel Maritime refloats bulker that ran aground
    ANGELA Star had run aground in Taiwan and is estimated to be off hire for about 45 days.
  • Japanese lines post mixed quarterly profits
    K LINE'S reliance on its container fleet hurts its earnings, while MOL and NYK profits rise.

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Fairplayweb site
JULY 24, 2008
  • EPA loses wastewater appeal
    A RULING has been upheld that the US Environmental Protection Agency exceeded its authority in granting ships and other vessels a blanket exemption from the Clean Water Act
  • Mississippi to be closed for days
    COMMERCIAL traffic on the lower Mississippi River will probably be closed for days as a result of the spill from a collision between a tanker and a barge
  • Arctic energy gold mine revealed
    THE ARCTIC Circle holds 22% of the world's undiscovered, technically recoverable oil and gas resources, according to a newly released study by the US Geological Survey
  • Two killed in Singapore LPG tank
    TWO WORKERS, one of them a supervisor, who were doing ventilation work on a gas carrier anchored in Singapore were killed after falling into a tank yesterday
  • Gas Natural, Qatargas sign LNG deal
    SPAIN'S Gas Natural is thought to be keen on buying 5Bn m3 of LNG from Qatargas
  • Iran to import rice, wheat
    IRAN HAS licensed the import of 5M tonnes of wheat and 600,000 tonnes of rice ' equivalent to about 70 voyages in large-sized Panamaxes

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The Journal of Commerceweb site
JULY 24, 2008
  • UPDATED: ILWU dock slowdowns expand
    Longshoremen on Thursday stepped up their job actions even as the ILWU spoke positively about progress in contract negotiations with employers.
  • Prince Rupert boxes up
  • Spill closes Mississippi River near New Orleans
  • U.S. fines forwarders
  • Nine ILA members guilty in Boston investigation
  • Intermodal rail slips
  • Hub income up 9%
  • Willis wins Panama Canal insurance advisory contract
  • Canada airports win approval for cargo transshipments
  • Aeroflot leases freighters
  • After Hurricane Dolly, Texas port traffic recovering

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Containerisation Internationalweb site
JULY 24, 2008
  • 'One Voice' to speak to UK government
  • CKYH's first vessel calls at Euromax
  • Felixstowe port gets go ahead for rail upgrade
  • Rate war possible as new Asia ' Europe service set to launch
  • DSV increases containers by 50%

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TradeWindsweb site
JULY 24, 2008
  • Spill hold-up
    As 60 ships are held up because of a Mississippi River fuel oil spill, the Coast Guard says the tug involved had no properly licensed master.
  • Angela aground
    Molaris-led Excel Maritime Carriers' Angela Star grounds off Taiwan but has been re-floated.
  • Deal sweetened
    Marathon Acquisition Corp revises deal to takeover Global Ship Lease with higher dividend and charter rates.
  • CMB profits dip
    Parent of Saverys- and Timmermans-led Bocimar sees first-half profits slip by 7.5% despite market better market.
  • Another loss
    CEO announces review of company business as Aries Maritime Transport reports its third-consecutive quarter in the red.
  • Crewing shortage
    University of Sao Paolo study points to a growing lack of officers for Brazilian shipping.
  • What's the rush?
    Owners piling in with newbuilding orders as backlog clears will kill offshore market, Siem finance chief warns.
  • Panamax score
    China's Dalian Haichang inks huge 20-ship bulker order at Jiujiang Yinxing.
  • VLCC binned
    George Procopiou pockets $30.7m after scrapping tanker in Bangladesh.
  • ASC drops
    Profits fall at American Steamship Co, but other GATX shipping activities are on the rise.
  • Swiss spat
    Opec member Libya is halting oil shipments to Switzerland in protest at the arrest of Hannibal Gadaffi, son of leader Muammar.
  • On the prowl
    New Barry Rogliano Salles office in Singapore could be looking to add heads and expand horizons.
  • Greatship hits ten
    GE Shipping unit signs for two AHTS newbuildings in Singapore to flesh out its impressive orderbook.
  • Yard deaths
    Two workers killed after falling into LPG carrier tank off Singapore, raising recent death toll to seven in seven weeks.
  • Bulker backing
    Sabyasachi Hajara-led SCI free to press on with $240m panamax quartet, India says.
  • Lion share
    Barry Rogliano Salles takes stake in Singapore broker as it opens shop in Lion City.
  • HK exports slip
    Weak global economic markets send June exports down in Hong Kong against expected rise.
  • Costs bite Seacor
    A recent hike in anchor handler rates in the Gulf of Mexico can't halt second quarter slide at US owner.
  • Siem stung
    Costs and currency hit Norwegian owner's bottom line but it is 'quite pleased' with its second quarter showing.
  • Empress rap
    Grounding of US cruiseship caused by putting inexperienced junior mate on night watch, report finds.
  • Trico tumbles
    Company acquisitions hit Joe Compofelice-led owner hard as soaring expenses and finance costs plunge it into the red.
  • Not enough
    Bids for Hapag-Lloyd reportedly below TUI's minimum threshold of EUR 4bn, leaving bidders with some hard thinking to do.
  • Bidders revealed?
    Polish report names groups like Aker Yards and Larsen & Toubro as potential buyers of Gdynia and Szczecin shipyards.
  • Stellar Star
    Norwegian reefer owner drives up profit in first half as rates pick up from March.
  • Wartsila drives on
    Credit crunch hits vessel orders but Finnish engine manufacturing giant still piles on profit.
  • Record breaker
    Joe Pyne's US tank-barge giant Kirby Corp makes more money than ever before in second quarter.
  • FreeSeas fixes
    Varouxakis-led bulker operator ties up 26-year-old handysize for 60 to 90 days.
  • Arctic scrape
    Chilean-owned cruiseship Antarctic Dream grounds off Svalbard, but no significant damage reported.

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American Shipperweb site
JULY 24, 2008
  • Con-way shows 2nd quarter stability, despite slow economy
  • Lower Mississippi River closed after barge, tanker collide
  • South Korea to arrest 3 union officials who organized beef protests
  • Ryder 2nd quarter profit down
  • GAC UK gets new managing director
  • U.S. implements two CAFTA-DR textile provisions
  • Kuehne begins personal journey to succession
  • Study: PierPass shifts 68K weekly truck trips to nighttime gates
  • Teamsters seek to bar independent truckers from Oakland port
  • India denies ban on Dubai, China and Pakistan terminal operators
  • Border Trade Alliance renews call for ports of entry funding
  • N.Y.-N.J. port authority lobbies for TWIC dollars
  • India ports tonnage up nearly 9%
  • San Francisco awards breakbulk contract to Metro Ports
  • COSCO Busan operator faces new federal charges
  • Panama Canal, S.C. ports extend cooperative agreement

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The Bunker Bulletinweb site
JULY 24, 2008
  • Vessels failing to comply with US regulation
    Bunker operators and shipowners warned to act in accordance with rules, or face being fined.
  • Global bunker market report
  • Titan looks for opening in China
    Company official confirms that it is 'exploring opportunities' in Chinese bunker market.
  • New fuel testing company launched
    UK-based Guardian Marine Testing says they are filling a need for more fuel analysis services.
  • Warning on bunker costs
    Hamburg Sud says it is 'impossible' to recover extra costs through surcharges.
  • Singapore bunker prices extend losses
    Singapore, Hong Kong and Busan, sees double digit falls in bunker prices.
  • Rotterdam barge congestion improving
  • Singapore residual fuel stocks down 5%
    Fuel oil stocks down on lower Western arbitrage arrivals.
  • Polar research hit by high fuel costs
    Arctic and Antarctic scientists worry about high bunker prices pushing up operating costs, threatening projects.
  • Top management change at IMAREX Asia
  • Lehman: Oil to fall to $90 per barrel
    Investment bank predicts slowdown in energy consumption in the US and other OECD countries.
  • Oil market in 'good condition'
    Iran says no additional output needed from OPEC.

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