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| MARCH 26, 2008 |
Shipping News
- Global production of floaters accelerating
Worldwide production of floaters is growing at an accelerating pace, according to findings by the International Maritime Associates (IMA).
- Frontline, Fredriksen hold 5.2% of OSG
Oil tanker group Frontline said it and firms directly controlled by its main owner John Fredriksen have a 5.2 per cent stake in Overseas Shipholding Group (OSG) and a forward contract on 4.4 per cent more.
- Menlo moving its RHQ to Boon Lay
MENLO Worldwide Logistics, which bought Cougar Holdings here last year, is moving its regional headquarters to its premises in Boon Lay.
- Oil tanker rates may fall on slower demand
- Marathon to buy 66% of Global Ship Lease
- Abu Dhabi Ports awards $376m jobs
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| MARCH 26, 2008 |
- Capacity to fall with new Hamburg Sud, Maersk joint US east coast, Australasia service
- Three shipping lines join ELAA but ACL departs, fearing perception of wrong doing
- Vietnam stops container terminal construction to build steel mill
- Ignoring shippers' pleas, Oakland opts for 'green' container tax
- Panama awards US$95.9 million job to Dutch dredging giant
- TNT moves towards full IT integration with Speedage in India
- Russia's NCC equips terminals with new generation yard tractors
- AAT sees throughput rise 7pc in February
- Airport development tensions prompt Hactl statement
- Continental, Boeing, GE Aviation plan biofuel flight demonstration
- Air Menzies buys MMA to capture larger chunk of South African market
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| MARCH 26, 2008 |
- Facilities to be provided for shipping on national waterways
- Icebreak to be no heartbreak for containerised shipping!
- Turkey aiming at $ 12 bn trade with India thru' FTA
- Plea to waive export ban on premium oils
- Pak cement imports aimed to soften prices
- BRIC nations may transform global business by 2018, reckons CMI study
- Duty-free garment imports upset apparel industry
- US body wants to challenge WTO order favouring Indian shrimp trade
- Ceama counters CPT makers' plea for dumping duty
- Baalu projects Major Ports' annual capacity at 1,016.55 m tonnes by 2012
- Port workers pause to recall P. D'Mello
- CoPT set to capitalise on Kochi stop-over of Volvo Ocean Race
- E-payment to be mandatory for JNP's Top 50 importers from April
- Hind Terminals to commence Bangalore-Nhava Express (BNE) service
- CONCOR's ICD-Ankleshwar moves on to fast track
- Rates hiked between Kolkata Port & Birgunj ICD
- Airports MCA draft being fine-tuned
- Finance Ministry being persuaded to retain DEPB scheme
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| MARCH 25, 2008 |
- Ceva names senior vice-president of new ILD division
- CMA CGM on track to success
- Swiss expands service portfolio in summer
- Deutsche Bahn acquires a majority stake in Transfesa
- Kuehne+Nagel's Asia-Pacific network now includes the Maldives
- Swiss state to take over BLS infrastructure
- TransRussia 2008, Moscow, 22-24 April, ITJ booth no. 8.2-F01
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| MARCH 25, 2008 |
- Aker sells three yards to Russian firm
- 18 feared dead in sunken tug
- Marathon buys CMA CGM subsidiary
- Cosco earnings soar
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| MARCH 25, 2008 |
- ONR starts testing Rimjet propulsor
- U.S.-flag ship in Suez shooting incident
- Russia takes majority stake in three Aker shipyards
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| MARCH 25, 2008 |
- Aker to sell 70% of three yards in Europe
The announcement comes just days before an extraordinary general meeting called for April 1 to vote for a new board of directors.
- Industry prepares unified CO2 position
THE series of measures will be designed to reduce greenhouse gas emissions from shipping.
- Seoul prepares to intervene in Pusan port dispute
THE South Korean government is preparing to intervene in operations at the nation's key port.
- Carnival on top of world with Arison's down-to-earth style
WITH a canny takeover strategy and an acute sense of brand, the cruise group boss has had more than simple good luck on his side.
- Another sort of surge
ALARMING as they seem, the total and partial loss statistics just revealed by IUMI come as no surprise.
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| MARCH 25, 2008 |
- Aker sells merchant vessel assets
Aker Yards is set to sell a 70% stake of three of the yards in its merchant vessel branch to Russian-owned investment company FLC West for $453M
- Shipowners beg for bank rate cut
INDONESIAN shipowners have asked Indonesia's central bank to set interest rates at not more than 13%, with a seven-year grace period and downpayment of 10-20% for newbuildings
- Rezzak families seek assistance
FAMILIES of the Rezzak's 24 crew members have submitted a memorandum to the Maharashtra Human Rights Commission seeking its intervention to trace the seamen
- EU could cause CalMac calamity
SCOTTISH state-owned ferry operator CalMac could be made bankrupt as a result of European Commission action
- Riverdance declared CTL
RO-RO ferry Riverdance has been declared a constructive total loss by its owners and insurers after nearly two months of being grounded on a beach north of Blackpool
- First million-dollar ghost sold
INCREASING demands for scrap steel have led to the first $1M ghost ship being sold by the US Maritime Administration
- Transpac carriers claim progress
- Aries sheds more ships
- Frontline rallies on OSG bid rumour
- Mercator in long-term charter deal
- Man killed as Navy ship opens fire
- Greendock looking to break Asia
- Pacific carriers get Olympic nerves
- Glovis eyes car carriers
- Vietnam urged to exercise caution
- Search continues for missing crew
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| MARCH 25, 2008 |
- China agrees to U.S. C-TPAT checks
In pilot program, U.S. officials to help Chinese inspectors validate facilities under Customs-Trade Partnership Against Terrorism.
- MSC ship fires warning shots near Suez Canal
- Ag group claims port fees could cripple exports
- Japan business confidence hits record low
- Opinion: Freedom should be key to LA port truck plan
- U.S. to slow China GDP
- Aries sells box ships
- Menlo Worldwide moves Asia Pacific headquarters
- Doha deal 'within grasp'
- Intermarine ups surcharges
- French port strike planned for Wednesday
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| MARCH 25, 2008 |
- Penang's NBCT Phase III expansion on schedule
- NYK's Duisburg inland terminal opening in April
- CMA CGM to sell controlling stake of Global Ship Lease
- HMM says TSA's guideline bunker rates not sufficient
- New York ' New Jersey containers up 4% in 2007
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| MARCH 25, 2008 |
- Two injured on bulker
Crewmen are airlifted from a Thoresen Thai Agencies ship off New York City.
- Ports pay for green
Ports of Los Angeles and Long Beach will subsidise for low-sulfur distillate fuels for ships nearing the facilities.
- $50m lawsuit in spill
Provincial governor in Argentina says charges filed against six at tanker owner Antares Naviera allows his administration to file a lawsuit.
- Aries shares sink
After the Mons Bolin-led company announced that it will suspend its dividend, US-listed owner sees its shares lose more than 10%.
- US denies Suez death
The US Embassy in Egypt says no one died when a chartered-in ro-ro opened fire on a boat carrying salesmen.
- Aker heads into orbit
Oslo-listed shipyard group sees market value shoot up by a quarter after Russian state investors buy in.
- Mercator fixes newbuilding
Singapore-listed owner puts a 92,000-dwt gearless bulker newbuilding on charter to Cosco.
- Marad nets big price
The US Maritime Administration's recycling program pulls in its biggest scrap price yet for an obsolete reserve ship.
- CSDC a little shy
Final annual profit figure at China Shipping Development a drop of CNY 100m from previous estimate.
- Aries sells two more
Mons Bolin-led company banks $6.3m following departure of ageing boxships.
- Frontline flies on bid hope
Market value of John Fredriksen led tanker venture gains $290m on OSG consolidation speculation.
- Russians buy into Aker
State investor FLC West grabs 70% stake in three yards following $450m deal.
- Divers in rescue bid
Searchers prepare to enter sunken AHTS but hopes of finding 18 trapped crewmen alive are slim.
- Navy-chartered ship fires, 1 dead
US-flagged ro-ro on charter to Navy opens fire on approaching boats near Suez Canal killing one.
- Global eyes newbuildings
Malaysian shipowner looking to build up its four-ship orderbook after selling ageing tanker.
- Hyundai gets heavy
Shipbuilder will boost stake in Hyundai Oilbank to beat off takeover attempts.
- Hellenic reveals war chest
Greek dry-bulk owner in the hunt for several additions to fleet after borrowing $150m from two local banks.
- Emarat seals finance
Dubai shipowner inks financing for aframax tankers at Hanjin with quartet of banks led by Natixis.
- Leopard heads to Med
Deep Sea Supply offshore vessel grabs $15.55m deal for eight months in the sun.
- Seadrill inches up stake
John Fredriksen company gobbles up a little bit more stock in Malaysian drilling contractor.
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| MARCH 25, 2008 |
- Cost recovery dominates TSA contract negotiations
- Report: U.S. merchant ship involved in Suez shooting
- Scrapping company responds to EPA complaint
- "Ghost fleet" ship attracts $1.15 million bid
- 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
- U.S. completes first C-TPAT validations in China
- Rising costs require change in China sourcing strategy, study says
- Tesco finds Southwest Yanks not so obliging
- Aker Yards sells stake in merchant vessels unit
- San Diego port approves capital development projects
- 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 25, 2008 |
- Russian majority owner in three of Aker Yards' plants
Aker Yards ASA will sell 70 per cent of its wholly-owned, Norwegian-based holding company Aker Yards Ukraine Holding AS to the Russian investment company FLC West for EUR 291.9 million. Today Aker Yards Ukraine Holding AS is ...
- Several Easter incidents in the Baltic Sea
A number of accidents occured in the Baltic Sea during Easter holiday. On Monday, the crane pontoon barge Pontus and the dredger barge Elvira sunk east of H'radssk'r off Valdermarsvik on the Swedish east coast. The were under tow by ...
- 18 seafarers are still missing after collision
18 Ukrainian seafarers are still missing after the accident when the Ukrainian supply vessel Neftegaz-67, 1,300 DWT, sank after a collision with the Chinese bulk carrier Yao Hai, 69,497 DWT, off Hong Kong on Saturday, reports Fairplay. The seafarers ...
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| MARCH 25, 2008 |
- Ports' distillate fuel plan is official
Go ahead given as industry giving support to incentive scheme.
- Bunker market report from Praxis
- New trader for Bominflot
- New bunker supplier in Georgia
Bunkering resumes in Batumi and Poti.
- IBIA in bid to establish professional bunkering qualifications
Looking for third parties to set up 'comprehensive training regimen' for bunker industry personnel.
- April re-start for Portland bunker station
New owner Aegean says it expects to begin supplying at what will be its eighth service centre next week.
- Rotterdam market quiet
- Australia to ratify oil spill protocol
Ratification is aimed at increasing compensation for oil spills.
- Sri Lanka adding onshore bunker storage
State-run oil refiner and bunker supplier to benefit from new infrastructure at Colombo port.
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