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| FEBRUARY 27, 2008 |
Shipping News
- China's No 2 oil port eyes listing to fund expansion
Dalian Port (PDA) Co Ltd, which operates China's second-largest oil port, is pondering a domestic stock listing as early as 2009 to fund a capacity and business expansion, a top executive said yesterday.
- Yantai delivers accommodation barge
YANTAI Raffles Shipyard, China's largest rig builder, has delivered an accommodation barge Mobile Offshore Drilling Unit to Norwegian oil and gas service company Marine Subsea.
- IMC Corp acquires marine engg company
IMC Corp has enhanced its offshore engineering portfolio in anticipation of rising upstream demand in the oil and gas (O&G) industry by recently acquiring Singapore-based offshore marine engineering company Marine Engineering Services (MES).
- Global warming opens new sea lanes for shippers
- China's marine shipping industry grows 21%
- Star Cruises' Q4 loss narrows to US$124m
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| FEBRUARY 27, 2008 |
- CMA CGM splits CIMEX service into two strings from March
- CSCL launches Jiaxing-Guangzhou domestic service
- ER Los Angeles first to meet green ship recycling standards
- Saudi Arabia to build new container terminal at Dammam
- China and India seen as vital to UPS revenue growth
- London gives approval to northern England box terminal at Teesside
- Dragonair ups frequency of mainland services this summer
- Shenzhen Airlines launches Changzhou-Fuzhou service
- Air China Cargo approved to set up overseas branches
- New efreight for airfreight booking for air forwarders
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| FEBRUARY 27, 2008 |
- Hajara highlights impressive growth of SCI
- SCI's weekly Mideast service ex-Nhava Sheva from March 13
- Second stage of Ennore Port development set in motion-Baalu
- On driver's seat with Rs 25K cr. profit, Lalu fine-tunes freight rate structure
- Allcargo & CONCOR join hands to develop CFS at ICD-Dadri
- Inducements for investors, says Fieo
- 17 Goa SEZs to be served showcause notices for revoking sanction
- Assocham to hold post-Budget seminars in major cities
- Panel discussion on Budget nuances this Saturday
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| FEBRUARY 26, 2008 |
- Hans-Jörg Hager to quit Schenker
- Go-ahead for UK box port at Teesport
- Virgin Atlantic flies Boeing 747 with biofuel
- Angel Trains launches new European wagon leasing business
- Toll is on the right track
- Iata World Cargo Symposium 2008
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| FEBRUARY 26, 2008 |
- Braemar buys Steeege Kingston
- Golar's good year
- Strict US security following Indonesian calls
- "Don't put your certificate on the Internet!"
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| FEBRUARY 26, 2008 |
- Hearing on USCG and MARAD budgets
- Bourbon to add ten GPA 696 IMR vessels
- Bollinger gets Martin Midstream barge order
- Meyer to build fifth Solstice for Celebrity
- USCG: No toxic ship threat to Guam
- Havila orders IRM vessel
- MacGregor wins $20 million Navy contract
- GulfMark Offshore reports record results
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| FEBRUARY 26, 2008 |
- Fredriksen's daughter joins Frontline board
JOHN Fredriksen's 24 year-old daughter Kathrine replaces Tor Olav Tr'im in tanker company.
- Navig8 deal unveiled as Frontline profits boom
- Norway study challenges tonnage tax myths
NEW research reveals shipping industry hands over $1.8bn more tax per year than the average Norwegian worker.
- Buck-up or lose Voltri deal, Merlo tells PSA-Sinport
GENOA'S new port president asks Singapore company to take immediate steps to improve Voltri's performance.
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| FEBRUARY 26, 2008 |
- Panama pilot boss shot in Colon
Captain Henry Pino is in hospital after being shot three times in the Atlantic city of Colon on Monday
- New cruise facility is 'too small'
CARNIVAL Australia's chief executive Ann Sherry has urged the Queensland government to build a second Brisbane cruise facility
- DP World downplays Sokhna rumours
DP World has downplayed a report in local business newspaper Emirates 24/7 that it plans to invest $1.3bn in Sokhna Port in Egypt
- Pilots reject blame for accidents
INVESTIGATIONS by the P&I clubs into accidents involving ships under pilotage have been met with a cool response from German sea and harbour pilots
- Goldenport's golden trading year
GREEK shipping company Goldenport Holdings has had a distinctly gold-tinged trading year with a 29% rise in pre-tax profits
- Smit snubs Boskalis bid
SMIT Internationale has rejected the bid for its terminals division announced yesterday
- India demands Rezzak search goes on
- US Coast Guard is 'too small'
- Silversea heads to poles
- DR buckles Trailer Bridge
- Indonesian ports on Black List
- Sri Lanka cancels terminal bidding
- ASRY exec gets suspended sentence
- New code for accident investigation
- Owner still hopes for Uskov crew
- Hanoi puts pressure on rice exports
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| FEBRUARY 26, 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.
- Agencies form U.S. military logistics partnership
- Miami cargo falls 9%
- BNSF seeks green growth
- Summit Logistics sale set
- Congestion hits Nehru port
- CSAV adds third VTX loop
- Kalmar wins Tacoma order
- Port workers in India threaten nationwide strike
- Lithuania Customs deploys RFID
- Richmond Cold Storage gets new warehouse software
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| FEBRUARY 26, 2008 |
- Maersk launches new Far East-Middle East service
- Trailer Bridge take fuel hit in Q4
- N&E Asia-Australia trade: New bloodbath ahead
- EU slowdown could cause carriers difficulties
- BDP plans global logistics alliance
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| FEBRUARY 26, 2008 |
- OSG profits plunge
New York tanker owner profits dive 81.4% as its tankers hit stormy TCE seas.
- Shipyard worker dies
A 22-year-old worker at Argentine yard Astillero Rio Santiago dies of his injuries after an explosion.
- Star profits take flight
US-listed bulker owner Star Bulk Carriers reports 161% quarterly earnings improvements as the fleet of Ducklings begin to hit the water.
- Remember the Nancy?
Question 1 in the Exxon Valdez case, to be heard Wednesday by the US Supreme, may centre on a 190-year-old case involving the schooner Amiable Nancy.
- Cops on cruises?
California state senator introduces legislation to require peace officers on cruises in state waters.
- Diana fixes newbuilding
US-listed bulker owner stretches charter coverage into its newbuilding program with the five-year charter of a capesize hull.
- Lower costs help Tropical
Nicor-owned Tropical Shipping sees its operating income increase by 2.8% on lower operating costs.
- Record year for Noble
Best ever profits in 2007 for Hong Kong owner and commodities group.
- Smit says no
Dutch salvage groups rejects bid from Lamnalco for terminal services arm.
- Goldenport focuses on boxships
UK-listed owner happy with bulker fleet, but will add more container tonnage this year.
- TTA eyes two more
Thai bulker owner plans to order handysizes this year, following up handymax order in Indonesia.
- DFDS ferry damaged
King of Scandinavia undergoing repairs after hitting oil platform at UK yard.
- Lasco profit doubles
Strong tanker earnings propel performance of listed Latvian shipping group.
- Golar profit slumps
Negative trends through final quarter compounded by LNG carrier's loss on interest rate swaps.
- Odfjell buys out Jebsen
Norwegian owner takes full control of Brazilian owner Flumar's four-ship fleet for $25m.
- Q-Ship quenches profit thirst
Qatari tanker and gas carrier player posts 35% earnings hike in 2007 and celebrates by handing out new shares.
- Courage posts sizzling profit
Singapore owner the latest to benefit from 2007's red-hot bulker market.
- Havila goes to Havyard
Norwegian owner spending $131m on IRM vessel at domestic shipyard.
- Gulf Nav opening up?
Dubai-based tanker owner to vote on allowing overseas buyers to take 20% stake.
- CMA CGM expands CIMEX
French liner company says it is boosting services between Asia and India and the Middle East.
- Braemar branches out
UK broker adds marine loss adjuster Steege Kingston to shipping services arm.
- Ryndam struck by norovirus
About 110 passengers and crew are struck down with illness during 10-day cruise to Mexico.
- Golden year for Goldenport
UK-listed owner sees 2007 profit soar as bigger fleet took advantage of strong bulker markets.
- GOG fixes Hellenic bulker
UK-listed Greek bulker owner in short-term fixture of panamax to Fredriksen bulker outfit.
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| FEBRUARY 26, 2008 |
- FMC to assess impact of European liner conference ban
- China Shipping in joint venture with Baosteel
- Sinotrans leaves transpacific, closes Long Beach agency
- Trailer Bridge reports fourth quarter loss
- CMA CGM to add second Asia/India/Middle East CIMEX loop
- Matrans buys another 15% of EWL
- French wines sailing on 19th-century boat to cut carbon footprint
- New multipurpose North America/South Africa link
- Cuba's potential will hinge on next U.S. president, says lawyer
- Chamber urges House to approve Andean trade preferences extension
- Kuehne + Nagel takes over Beiersdorf's logistics center in Hamburg
- Study: SoCal trade industry faces challenges throughout 2008
- Inchcape joint venture in Vietnam begins
- Port of Douala slowed by riots
- Fifth crane coming to Tauranga container terminal
- Alabama ports may restructure short-term borrowing
- Ports in Illinois, New Orleans sign marketing agreement
- Fatal accident at N.J. port
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| FEBRUARY 26, 2008 |
- WW and OW orders 8 LCTCs at Hyundai and Daewoo
Wilh. Wilhelmsen (WW) and Wallenius Lines (OW) have ordered eight Large Car and Truck Carriers (LCTC) at Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering. WW and OW take two each at Hyundai and two each at Daewoo. According to ...
- Stena Line moves to Kiel
Due to strikes and general uncertainty in the port of Travem'nde, Stena Line has decided to transfer its vessels Stena Freighter and Stan Carrier to Kiel for its freight service between G'teborg and Germany. "This is a deeply unfortunate situation ...
- Situation detereorating for Riverdance
Rough weather is causing trouble for the salvors trying to refloat the ro-ro cargo vessel Riverdance from the beach off Blackpool where it has been laying since February 1, after being hit and damaged by extreme waves in a ...
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| FEBRUARY 26, 2008 |
- Rotterdam prices depressed by low bunker demand
Bunker demand said to be about half of normal volumes amid heavy Russian supply.
- Payment system provides 'standard bunker contract'
Voyager Maritime Payment Solution says its terms and conditions could resolve current disputes.
- Bunker market report from Praxis
- ARA: Several bids/offers reported
- First biodegradable lubricant order completed
David Gilmour of BP-Castrol Marine predicts legislation and consumer pressure will lead to 'serious shifts' in the 'green product' landscape.
- Refiner makes impact in IFO market
India's Essar Oil's is likely to become regular supplier of residual product.
- Turkish supplier takes new bunker tanker
Its 12th bunker tanker goes into operation at the port of Istanbul.
- S-Oil February bunker supply down by 20%
The South Korean refiner has yet to decide on its March bunker supply volume.
- Indonesia's 380 cst offers delayed
Oil refiner Pertamina pushes back its bunker selling operation in Batam until March.
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