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| FEBRUARY 26, 2008 |
Shipping News
- Insurance premiums may go up
Rising losses from navigational accidents last year may lead to significantly higher insurance premiums this year, according to DNV Maritime Solutions.
- Historic RoRo vessel launch for ST Marine
ST Marine will play a small part in the production of the Airbus A380 after it launched on Saturday the first of two roll-on roll-off (RoRo) vessels to be chartered to Airbus for transporting sections of large aircraft components for the giant passenger jet.
- Asian Aframax rates may rise
Asian aframax charter rates may advance for a third week, boosted by increased demand for ships to carry March cargoes and rising bookings for larger tankers.
- Dry bulk rates expected to rise
- Indonesian navy ferries passengers amid poor weather
- Israel's ZIM eyes US$500m HK IPO: report
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| FEBRUARY 26, 2008 |
- Zim plans US$500 million Hong Kong IPO in second half: report
- Samsung Heavy Industries delivers 9,000-TEU Maersk Alfirk
- Vladivostok box terminal sees January throughput rise 24pc
- Inter Marine Container Lines boosts DCT Gdansk's feeder links
- CSAV Norasia adds loop and Malaysian call to VTX service
- DB Schenker provides transport service to VW plant in Russia
- Senator Lines appoints new agency in Switzerland
- Interest generated in containerising US grain for Far East backhaul
- Air China in talks to buy all Air China Cargo shares from Beijing Airport
- 'Future of freighters is now,' says Boeing as orders flow in
- FEDAGSA meet to coincide with TIACA November conference in Kuala Lumpur
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| FEBRUARY 26, 2008 |
- Seacon adding Tuticorin call to SPX service
- TNMB plans for 2 shipbuilding units
- Black Sea swallows ship with 25 Indians
- Inttra expects to process a million boxes in Subcontinent this year
- Gujarat decides to set up dredging body via JV route
- MAT on profits from ship sales may be waived
- Hamburg Süd, Aliança & Costa Container Lines to upgrade EC S. America-Gulf & Caribbean Services
- Med-ECSA service to be optimised with 2 comprehensive slings
- Hanjin gets go-ahead for terminal in Algeciras
- Biggest HMM boxship calls at Port of Hamburg on maiden voyage
- DP World buys Egypt's deepwater Port of Sokhna
- Global showcase for latest in shipping, port and shipbuilding activities
- EU hopes to persuade US to relent on 100 pc box scanning law
- Colombo port to be equipped with 4 new box cranes
- Spices gain flavour overseas with handsome gains in value & volume
- Box train operators lay out formula for successful runs
- With no yen for DRFC loan, Rlys considering other options Water transport makes more sense to Ambuja Cements
- 3 global freighters fly in to check out FDI policy
- EU in talks with India on open skies deals
- Crude holds near $ 100 a barrel
- Plexconcil seeks permission to invest EEFC funds in overseas stock markets
- Levy on sunflower oil may be cut
- Forex reserves up by $ 2.048 bn
- CMAI chief spells out what needs to be done for textile exporters
- Steel Ministry for ad valorem export duty on chrome ore
- Global summit on innovation, IP today
- Parleys on India-Korea FTA today
- Major 4-day meet on agro industries in April
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| FEBRUARY 25, 2008 |
- Pepy new SNCF president
- Hamburg Süd and Hapag-Lloyd restructuring Epic service
- AF-KLM remains interested in all of Alitalia
- Korean Air acquiring further A380s
- Angel Trains for sale
- Frigo Coldstore Logistics: new cold store in Hamburg
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| FEBRUARY 25, 2008 |
- North Korea seizes Russian ship
- US politicians oppose winter use of St Lawrence
- Riverdance in more trouble
- Witherbys and Seamanship merge
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| FEBRUARY 25, 2008 |
- Yantai-Raffles delivers accommodation barge
- Ezra Vietnam unit lands $55.4 million contract
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| FEBRUARY 25, 2008 |
- Washington state sees jump in export numbers for 2007
- Hanjin adds larger ship to Far East Europe Express run
- Crowley vice president presented safety award
- WSF finance director announces plans to step down
- Ship management company backs seafarers' protection plan
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| FEBRUARY 25, 2008 |
- Zim mulls year-end Hong Kong listing
THE Israeli shipping line hopes to raise more than $500m from the share sale.
- Grand Alliance in transatlantic tie-up with Zim
- Lamnalco swoops for Smit terminals
LAMNALCO makes surprise $300m cash bid for the Terminals Division of Dutch firm Smit.
- Sevmash 'baffled' by Odfjell cancellation
RUSSIAN yard bewildered by Odfjell decision to cancel $500m 12-ship newbuilding order.
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| FEBRUARY 25, 2008 |
- Star suffers massive loss
Star Cruises plummeted even further into the red on currency translations and fuel expenses, but will reap gains from its Apollo deal in 2008
- SCI shipmanagement tender flops
SHIPPING Corporation of India has reported a poor response to its global tender to place 30 ships ' 15 tankers and 15 bulk carriers ' under private manning and management
- Riverdance salvage thwarted
HOPES of getting the stranded ro-ro ferry Riverdance nearer to being able to be refloated were thwarted over last weekend by bad weather, and it could be weeks before another attempt is made
- Still room for luxury in a downturn
LUXURY cruise customers won't curtail travel plans despite "dire predictions on discretionary spending", according to a new survey by SeaDream Yacht Club
- Boskalis bids for Smit terminals
- Turks call off search for lost ship
- Rain cost BHP 20% of coal exports
- Seattle investigates chemical spill
- Inchon reports first boxed grain
- Hawaii coastguard hunts polluter
- Pemex privatisation protested
- Cold weather hits Taiwan fish trade
- POSCO delays India deal, not Hanoi
- Baosteel agrees to ore price hike
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| FEBRUARY 25, 2008 |
- Loss for Trailer Bridge in fourth quarter
Jones Act line falls into the red on higher fuel costs, startup of Dominican service, and soft conditions in its core Puerto Rico market.
- Four TWIC centers added
- FMC budget hearing delayed
- South Korea losing U.S. market share: Report
- CMA CGM upgrades Asia-Middle East service
- Truckers hit Canada carbon tax
- WW partners order vessels
- K&N to run Beiersdorf hub
- Inland pact for New Orleans
- U.S. tops Thailand exports
- DP World may add hub fees
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| FEBRUARY 25, 2008 |
- Santos strike averted'. for now
- Long Beach approves clean trucks programme using 'owner-operators'
- Eimskip ceo goes in another 'immediate effect' resignation
- Zim considers Hong Kong IPO
- Aker win ice breaker box ship order from Royal Artic Line
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| FEBRUARY 25, 2008 |
- Tanker newcomer's chief quits
Robert Mitchell quits his roles at the head of St Lawrence Energy, weeks after the company emerged as a US owner of products tanker newbuildings.
- DryShips in drillship deal
George Economou's Nasdaq-listed bulker owner quietly picks up rights for two drillships at a South Korean shipyard.
- Gulfmark soars on results
Fourth-quarter profits drop but beat Street expectations, leading the US offshore vessel owner's stock to jump 10.5%.
- Trailer Bridge posts loss
US container barge operator sees a loss in the fourth quarter as fuel costs increase and a new service drags earnings.
- Turkish yards closed
Spate of fatal accidents prompts government to order "partial" closure of three shipyards and union to call strike.
- Heiress joins board
Kathrine Fredriksen takes the board seat vacated by dealmaker Tor Olav Troim at her father's company.
- Handy fetches $16.8m
A 26-year-old handysize bulker is sold to undisclosed interests out of Nordstrand Maritime's fleet.
- Hornbeck plays accordion
Houston offshore vessel owner expands credit facility to $250m using an "accordion feature".
- Capital picks up two
Two products tankers to make their way from Capital Maritime to the US-listed owner.
- Changi Hope deal hopeless
A steel mill's reported deal to buy a handysize bulker has fallen through, brokers say.
- Omega sets poison pill
Nasdaq-listed owner approves shareholder rights plan to defend against a takeover attempt.
- Jan de Nul orders in China
Dutch owner signs for two hopper dredgers at Xinhe, with option for third.
- Star stuck in the red
Hong Kong-listed cruise outfit's fourth quarter loss narrows, but 2007 is worse overall.
- WWL goes large
Wilh Wilhelmsen and Wallenius Lines unveil combined order for eight LCTCs in Korea.
- Profit soars for Yangzijiang
Listed Chinese yard almost doubles 2007 earnings on back of boxship building boom.
- Lamnalco bids for Smit Terminals
Dutch/Saudi group offers $300m for salvor's oil and gas services business.
- BP Shipping's $1bn bill
Bunkers fuel 20% rise in fleet expenses but $181m 'profit' beats target.
- Poor response for SCI
Ship management tender draws only two bids, with Indian owner now considering whether to go ahead.
- Odfjell adds another
Joint venture with Dong Zhan Shipping orders small chemical tanker at Zhoushan Penglai.
- North Korea holds cargoship
Russian diplomat refused meeting with crew of vessel accused of violating sea borders.
- Zim plans $500m IPO
Ofer to offer stake in container line through Hong Kong stock exchange listing.
- Riga Shipyard plots expansion
Latvian yard ready to invest at least $6m to move into new ship types.
- Cargoship missing
Fears grow for 25 Indian crew of Turkish-managed ship unable to be traced in Black Sea.
- B+H slumps to a loss
Tanker to bulker conversions pushes Amex-listed products tanker and OBO operator into the red.
- Sevmash to keep building
Russian yard will complete and try to sell 12 chemical tankers dumped by Odfjell because of delays.
- Finstaship eyes spin-off
Finnish state icebreaking operation could form separate company for multipurpose ships to raise expansion cash.
- Eight more for Mipo
Korean yard building car carriers and chemical tankers for two European owners.
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| FEBRUARY 25, 2008 |
- Israel Corp. planning Zim share offering
- Eight new ships orders for Wallenius Wilhelmsen
- INTTRA business booming in India
- Cargo ship with Indian crew lost in Black Sea
- Malaysia Airlines reports record profits in 2007
- Cargolux raising fuel surcharge
- Hager to leave DB Schenker
- Beacon acquires List Logistics
- Scott joins software firm TradeMerit
- Transatlantic crackdown nabs fake computer parts
- Teamsters try to tie port Prop-1B funds to truck plan vote
- N.Y.-N.J. Port Authority to get out of auction rate debt
- Montreal reports record traffic for 2007
- Titan to open steel processing facility at Port of Tampa
- Port Manatee master plan approved
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| FEBRUARY 25, 2008 |
- Brøvig orders chemcarriers in China
Brøvigs Rederi in Southern Norway has placed orders at Shuang Dong Shipyard for two, option two stainless steel chemical tankers of 4,400 DWT each for delivery 2010 for the firm orders. The contract price is said to be around USD ...
- Credit crisis could put pressure on ship prices
German shipping bank DVB says that the US mortgage crisis and slower growth in China and India could bring ship prices down. According to the bank decelerating growth in Asia, particularly in China, is likely to reduce charter rates and ...
- Finnlines: Stagnation in Finnish export
Finnlines reports that the economic trend seems to have changed considerably at the end of last year. The import to Finland continued to grow, while the growth in export volumes stalled. Further it is stated that the economic development in ...
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| FEBRUARY 25, 2008 |
- BP Shipping's fleet operations costs top $1 billion
Says 20% rise in operating for 2007 reflect "higher bunkering costs and demand-led inflation across the shipping industry."
- South Korean bunker prices spike
Supply worries sees Korean market firm while other markets soften.
- Beluga eyes bigger kite, double fuel savings
Company reporting 10-15% fuel savings during first commercial outing for the SkySails system.
- Bunker market report from Praxis
- Floating bunker surcharges 'winning support'
Container lines claim freight customers accept the need to separate bunker costs for freight rate calculations.
- Slower sailing potential curtailed
Container lines' ability to cut cost and emissions by slowing down ships limited by tight port schedules.
- BP Oman wants more local hires
Energy major behind Salalah bunkering terminal wants 50% of its staff in Oman to be Omani nationals.
- ARA: Limited activity Monday morning
- GS Caltex to trim March bunkers by 10%
Reduction plans will not extend beyond March, company sources said.
- Barclays forecasts oil at over $135 in 2015
The investment bank raises oil prices forecast on oil supply concerns.
- Collision leaves up to 20 dead
A barge carrying fuel oil tankers has collided with a ferry in the Amazon River.
- Petrobras starts new bunker delivery service
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