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| 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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| 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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| 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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| JULY 25, 2008 |
- Klaus-Michael Kuehne announces succession plan
- Trans-o-flex expands logistics activities for Ronnefeldt
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| JULY 24, 2008 |
- Accident closes Mississippi
- BV in Russian Registry deal
- BRS sets up in Singapore
- Bøe bows out
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| 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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| 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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| 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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| 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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| 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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| 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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| 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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| 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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| 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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