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| JUNE 26, 2008 |
Shipping News
- Flaw in terrorism warning system aboard ships: report
A terrorism alert system installed in thousands of merchant ships after the Sept 11, 2001 attacks is flawed because it does not immediately notify local security authorities of an attack, said a report on the system.
- Manila orders Hanjin to stop building shipyard
THE Philippines has ordered Korean shipbuilder, Hanjin Heavy Industries Corp-Philippines to halt construction activities at its Philippine shipyard and threatened to stop shipbuilding operations as well following a series of fatal accidents.
- Greek shipping revenue to grow 8%
Greece's shipping sector revenues is expected to grow by 8 per cent this year, according to a report revealed by the National Bank of Greece on Tuesday.
- Global Ship planning US$1b fleet expansion
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| JUNE 26, 2008 |
- Bigger ships put on ESX service from New World and CMA CGM
- Swire's China Navigation orders six 2,321-TEU multipurpose ships
- Box ship capsizes in Philippines typhoon Frank, one dies
- NOL's volumes rise in May as freight rates strengthen
- South Carolina Ports earmarks US$80 million to expand capacity
- Zim Ports, DP World to operate Spain's Tarragona terminal
- Global air cargo market to grow at 5.6pc in coming 10 years
- Toronto airport slashes fees for cargo carriers
- Russia's Aeroflot and AiRUnion post May volume increases
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| JUNE 26, 2008 |
- Coastal Ship Safety Code taking shape
- Now, satellite to track ships!
- Seaways beefs up tonnage
- Ennore Port skilfully accomplishes ship-to-ship operation
- Sittwe port project to be completed a year ahead of schedule
- Essar Shipping plans to set up ports in China, Vietnam & Brazil
- TPT seeks rail siding in Hare isle
- Steel prices surge after fuel price hikes
- Tight monetary policy will hit manufacturing sector-Ficci
- Industry seeks clarity in SEZs service tax waiver laws
- 100 pc FDI permitted in most sectors under automatic route-Nath
- Textile industry questions cotton exports when prices are skyrocketing
- 21st batch of export import workshop to begin on July 26
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| JUNE 25, 2008 |
- CMA CGM strengthens services between Asia and Europe
- FedEx feels downturn and high price of fuel
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| JUNE 25, 2008 |
- GlobalMET get IMO status
- Maersk boxship order at Hyundai Heavy
- Frontline charters in suezmaxes
- Oceana rejigs
- Imarex tanker staff changes
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| JUNE 25, 2008 |
- Frontline adds Suezmax capacity
- Still American, no longer Aker
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| JUNE 25, 2008 |
- Vancouver, USA Port Commission pushes back eminent domain decision
- Alliances teaming up for new Asia/Black service
- Everett beach access trail closing for cleanup work
- Oceania vessel sharing partners plan changes to US West Coast runs
- Trucking association exec calls for boost to US oil supply
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| JUNE 25, 2008 |
- Supreme Court cuts Exxon Valdez fine
US Supreme Court reduces punitive damages awarded against Exxon from $2.5bn to $500m for the oil spill.
- Exxon Valdez damages battle goes to the wire
- Damen in bid for Shipdock
NETHERLANDS Competition Authority to rule on proposed acquisition by Dutch shipyard giant.
- Hijacked Amiya Scan freed
VESSEL seized by Somalian pirates for 31 days now under the control of its crew and heading for a safe port.
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| JUNE 25, 2008 |
- Exxon wins, shipping loses
THE US Supreme Court ruled on the Exxon Valdez case today in Exxon's favour, but failed to decide the central maritime law question for shipping.
- Frontline plans private placement
JOHN Fredriksen plans a private placement of new Frontline shares
- Oil spill fund for Sri Lanka
SRI Lanka is planning to set up an emergency fund to handle oil spills, says Ranjit Kularatne, chairman of the Marine Pollution Prevention Authority (MPPA)
- Puerto Rico Governor extends cruise initiatives
PUERTO Rican Governor Anibal Acevedo-Vil' will sign an extension of the Cruise Incentive Program that was set to expire at year's end
- Polish yards hold Brussels protest
POLISH shipyard workers are holding a protest outside the EU headquarters in Brussels over the EC threat to request Polish Government state-aid to the yards be repaid
- OSG military suit dismissed
A FEDERAL judge has dismissed OSG's complaint that the US Military Sealift Command (MSC) unfairly awarded a two-tanker charter to US Shipping Partners
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| JUNE 25, 2008 |
- Alliances offer Asia-Black Sea service
Hapag-Lloyd, seven other lines in New World Alliance, Grand Alliance to open new weekly service later this month.
- In Exxon Valdez case, Supreme Court answers one question, but not the other
- ProLogis building two Austria distribution centers
- Philadelphia, Corps sign dredging agreement
- Houston defers Bayport vote
- TWIC reader status slated
- New ship for United Arab
- Environmental review set for LA port rail transfer center
- US confirms anti-dumping duties on Chinese steel
- ANL-USL joins VSA linking N. America, Oceania
- Comment period extended for LA China Shipping project
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| JUNE 25, 2008 |
- 1,000 trucking companies fail in the US in Q1
- GA and NWA forge tighter allegiance in FE/East Med trade
- CSAV Norasia launches Levant link
- ANL to launch WA-SEA shuttle
- Dublin Castle hosts first European Shortsea Congress
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| JUNE 25, 2008 |
- Damages cut
US Supreme Court slashes damages in case of the Exxon Valdez oil spill to just $500m.
- Big John fronts up
Frontline boss guarantees 3 million share placement which will fund suezmax spree.
- Yard worker dies
Employee dies at Argentina's Rio Santiago Shipyard when a metal sheet fell on top of him.
- Sulpicio blasted
Philippines president Arroyo says she holds owner of Princess of the Stars accountable for tragedy.
- Not quixotic
Windmills are a bright spot on the Great Lakes-St Lawrence Seaway system, officials say.
- Amiya Scan freed
Ransom of $1m reportedly paid for release of Dutch-operated vessel seized off Somalia a month ago.
- Kirby defiant
Joe Pyne-led barge player says floods and reduced petrochemical production will not hamper second quarter showing.
- Ark failure
Manufacturer modifies evacuation system after UK report into test mishap on P&O ferry.
- Fire in Tuas
Another accident injures worker at Singapore yard where two men died last week.
- Ex-Aker
Aker American Shipping changes its name to American Shipping Company after Norwegian shipyard group cuts its stake.
- Herculean effort
Greek shipping revenues expected to jump 8% this year but tankers offer a black spot on the horizon.
- Fredriksen strikes
Tanker titan bets big time on suezmaxes with ten ship purchase and charter haul.
- MAIB overload
Death on Komrowski boxship and injury on OSG tanker add to UK's Marine Accident Investigation Branch workload.
- Mashed
Dock work injured after becoming trapped under one-ton bag of spuds at Sheerness, UK.
- Five Nul
Dutch dredger owner adds to tug orderbook at Damen's Albwardy Marine yard in Dubai.
- Trouble ahead
Icelandic line Eimskip considering options for cold storage arm after UK write-down pushes it to first-half loss.
- Right notes?
Singapore offshore shipping player Ezra lines up big paper issue to fund acquisitions.
- Three for DSME
Mystery European owner pens $463m order for trio of VLCCs but Daewoo remaining tight-lipped.
- Registry row
Has India's Mercator broken rules by flagging out VLCC to Marshall Islands?
- SHI hits $7bn
South Korean shipbuilder continues to rack up 2008 tally with $680m US drillship order.
- Essar plans ports
Indian shipowner may seek joint ventures to build terminals in China, Brazil and Vietnam.
- Annette buys in
Eitzen Marine Services CEO boosts holding in company as $50m private placement comes to an end.
- Genco higher
Supramax charter with Pacific Basin extended for extra $2,000 per day.
- Fire on PGS vessel
Petroleum Geo-Services ship could be out for three weeks as engine room blaze forces evacuation.
- Goldmine
North Sea Shipping of Norway charters mining support vessel to Canada's Nautilus for $25m.
- Citi says 'sell'
US bank highlights the downside of any potential acquisition of Hapag Lloyd by NOL.
- Jinzhou sells
Chinese port to raise $277m as Dalian terminal takes 19% stake.
- Jindal plans big
India's west coast set for new shipbuilding facility in $2bn investment.
- Oceania shake-up
Hamburg Sud, Hapag Lloyd, Maersk and ANL-USL to overhaul US-Aussie/NZ links.
- Polarcus adds two
Geophysical newcomer exercises survey vessel options at Dubai's Drydocks World.
- Jurong soars
Singapore's 'other' container terminal operator sees 38% jump in volumes.
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| JUNE 25, 2008 |
- DK Group: Shipping wasting $140 billion in fuel costs per year
- New World, Grand alliances in joint Asia/Black Sea operation
- Frontline acquires vessels, time charter contracts
- UASC receives 6,900-TEU ship
- Presti to represent TIACA in Washington
- U.S., Vietnamese companies enter trade deals
- Two men charged with military spare part exports to Iran
- CHEP's LeanLogistics' division adds clients
- Liu, Expeditors' Asia COO, resigns
- FMC reviews 5 OTI license applications
- California statewide $30-per-TEU fee primed for approval
- North Carolina signs deal with CenterPoint
- Dredging plan for Delaware River signed
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| JUNE 25, 2008 |
- Maersk orders 18 container carriers from Hyundai
A. P. M'ller-M'rsk has signed up with Korean shipbuilder Hyundai Heavy Industries for 18 container carriers. The deliveries will take place in 2011 and 2012. The ships will be 4,500 TEU units especially built for the trade on Africa ...
- Lauritzen Kosan sign up for six gas carriers
Lauritzen Kosan has signed up with the Chinese shipyard Yangzhou Kejin Shipyard Co. Ltd for six LPG carriers for delivery from December 2009 to December 2010. The six new ships will be pressurized gas carriers, they will be built for ...
- Price rise on ship steel
The world's fourth largest steel producer, South Korea's POSCO, has according to Reuters decided to compensate higher raw material prices by increased prices on steel products. The price for ship plates will be raised by 17 per cent to KRW ...
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| JUNE 25, 2008 |
- Slower steaming is 'better' option than emissions trading
Chief Operating Officer of DNV Maritime says CO2 trading scheme would be 'enormously difficult' to administer
- Horizon to match Matson on fuel surcharges
'Unprecedented escalation' of fuel cost behind latest increase.
- Global bunker market report
- Fuel oil storage rates continue to climb
Chemoil Logistics Director says Singapore will need more storage space.
- Malta to boost oil spill protection
Experts to consult stakeholders during first phase of project.
- MDO remains tight in Rotterdam
- Asian bunker prices 'astronomical'
Buyers sidelined by high prices.
- Bunker operations resume in HK
The tropical storm Fengshan has eased in strength as it moves away from the territory.
- Restructured Titan to maintain bunkering business
Company to 'substantially' reduce trading activities and cut staff as its announces shift of focus.
- Hong Kong plans fuel oil futures trading
The commodities exchange will start with 180 cst fuel oil contract.
- Chemoil deploys double-hull in Fujairah
The Heredia Sea is the supplier's third barge to support its operations in Fujairah.
- Sri Lankan carrier strikes deal with Greek player
Forms JV to sell bunkers, transport petroleum products.
- Malaysia: High bunker prices could hurt economy
Transport minister urges investment in energy-efficient ships.
- OSG commits to 'cleaner' fuel
Announces deal with Tesoro to burn 3% or less sulphur fuel.
- Daewoo's new technology to cut fuel consumption
Device to be installed on 20 vessels, including VLCCs and container ships.
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