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| MARCH 28, 2008 |
Shipping News
- Maritime conference looks at macro issues
Macro factors were high on the agenda at the Asia Pacific Maritime 2008 Conference. Supply and demand in shipping and the ways in which goods are moved around were among the pressing issues discussed on the opening day yesterday.
- National Air to pay US$28m to resolve claims
National Air Cargo Inc, a company that ships supplies to US military bases, agreed to pay US$28 million to resolve criminal and civil claims that it defrauded the Defense Department.
- Nippon Yusen eyes profit growth on shipping demand
Nippon Yusen K K, Japan's largest shipping line by sales, said profit will likely gain 17 per cent next fiscal year amid rising sea-cargo traffic.
- Guangzhou Shipyard shares at 14-month high
- Russia to lift ban on sea links with Georgia
- STX Pan Ocean forecasts record gains
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| MARCH 28, 2008 |
- Shenzhen port box volume up 3.47pc in first two months
- China foreign trade value up 23pc in first two months
- Shanghai expects 10 per cent annual container growth
- Maersk earnings growth shrinks, while CMA CGM's rises in 2007
- APL to launch Laem Chabang West Asia Express (LWX)
- Deutsche Bahn gains majority stake in Spain's Transfesa
- Promising outlook for Malaysia's FMH, 10-20pc growth expected
- Cathay Pacific expands freighter network to Hanoi, Dhaka
- Hactl breaks ground on Olympic horse handling centre
- Great Wall Airlines to fly cargo to Tianjin from Amsterdam, Manchester
- Four more airlines switch to Changi's Terminal 3
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| MARCH 28, 2008 |
- Plan panel to evaluate viability of waterways coal transport
- Mercator in talks with Refined Success to charter ship
- Now, it's Essar Shipping Ports & Logistics Ltd
- Textile export volumes to US buck greenback blues to post positive growth
- JNP ranks 24th
- VPT racing past 64 m tonnes!
- APM & Rotterdam Port Authority sign R & D pact
- Baalu's gesture benefits KPT lessees, quake-hit employees
- Operations soaring at CWC's CFS-Pimpri
- Rlys to link 4 southern states with high-speed corridor
- Roars of delight echo in corporate corridors over snaring Jaguar
- Foreign Trade Policy Analysis: Current Trends-By M. Sreedharan
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| MARCH 27, 2008 |
- Jahnke to head Frankfurt Lufthansa Cargo centre
- Erhart new EuroAirport freight boss
- Three new lines join Elaa
- Volga-Dnepr group sales up 50%
- Korean Air to resume St Petersburg flights
- North Korea and Russia in joint railway venture
- Wincanton investing in another WEEE plant
- France to hamper cabotage through red tape?
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| MARCH 27, 2008 |
- Firms lined up for CO2 transport program
- Plans for new UK port logistics site approved
- ABS hands out world's first parametric roll notation
- Cosco Busan pilot pleads not guilty
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| MARCH 27, 2008 |
- Feds seek huge fines in illegal dredging case
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| MARCH 27, 2008 |
- Washington Governor signs port legislation in Seattle
- WTSA member carriers to raise bunker fuel surcharge
- Ports of Seattle/Tacoma plan commission study session
- Pair of new staffers join Port of Vancouver, USA
- Steel imports into US fall during month of February
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| MARCH 27, 2008 |
- European shipbuilding solution moves step closer
FINLAND confirms approach from French government for 'European solution' to cruiseship building.
- STX ahead of target as it bags $594m VLCC deal
- Four missing after bulker smashes into bridge
THE Qinfeng 128 smashed into an unfinished road bridge in east China's Zhejiang province yesterday.
- Ofer gives record £20m to NMM
ISRAELI billionaire in largest single donation to a UK cultural institution.
- Greenwich sees its ship come in
SAMMY Ofer's '20m donation to the National Maritime Museum in Greenwich will help bring its renowned collections worldwide.
- Home to all our maritime history
THE National Maritime Museum has the most important holdings in the world on the history of Britain at sea.
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| MARCH 27, 2008 |
- Norden, Interorient get in dry pool
DS Norden, the Copenhagen-based listed bulk shipping company, and Interorient Navigation from Cyprus will expand their co-operation from product tankers to dry bulk by setting up two dry bulk carrier pools
- BAFs edge close to $1,000/40
CARRIERS in the Trans-Pacific Stabilisation Agreement are raising bunker surcharges across the board to $600 per 40ft from 1 July, or the full formula surcharge level, whichever is lower
- India relaxes grip on palms
PALM oil shipments into India are on the rise after the government reduced customs duty on edible oils last week to control price inflation in domestic market
- Capital Products gets dirty
CAPITAL Product Partners LP is entering the crude sector through the acquisition of the 159,98dwt double-hulled Amore Mio II
- Skipped dividend hits Aries stock
SHARES in Aries Maritime Transport have been hit hard by news that a dividend will be skipped to comply with new terms from its lenders
- Napoli storm caused $5bn in claims
CLAIMS from the windstorm Kyrill, whose most famous victim was the MSC Napoli, have now topped $5bn ' the largest in Europe since 1999, according to the TT Club
- Listening in vain for space message
- Piracy jeopardises ISPS status
- Apapa remains closed after riot
- Two dead, three missing in Java
- Swee Joo in newbuildings spree
- Four missing as ship hits bridge
- Order binge causes crew shortage
- Shipping can ride US downturn
- Unions threatening industrial action
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| MARCH 27, 2008 |
- NYK expects profits to swell by 17%
Japan's largest shipping line forecast profits to increase 17 percent in the next fiscal year on higher volumes.
- CMA CGM in U.S. trans-Pac agreement with Maersk
- NY-NJ to study effect of bridge on port
- U.S.-Malaysia trade pact to face further delays
- McCain boosts EU FTA
- Railroads sued over fuel fees
- Democrats urge tougher policy on China currency
- Wallenius Wilhelmsen opens N.-South Amer. route
- UTi net declines
- GAC buys U.K. shipping and logistics group OBC
- Customs Update: Pet food case stirs worries for traders
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| MARCH 27, 2008 |
- Impasse continues over Greek port privatisation
- TT Club warns industry over future level of claims
- Hillebrand toasts carbon footprint reduction of 'wine train'
- HPH records 15% revenue growth
- Sao Paulo has big plans for Sao Sebastiao
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| MARCH 27, 2008 |
- Andersen dismisses job cut fears
Suggestions of more redundancies at Maersk Line are an absolute misunderstanding, AP Moller boss says.
- Officials rule out VDR law
US Coast Guard recommends against requiring voyage data recorders on ferries.
- OSG 'pleased'
Morton Arntzen smiles at Fredriksen buy-in but warns against speculation of meetings with the tanker king.
- Sales lift Attica
Greek ferry owner sees profits almost double following disposal of ships and shares.
- Ferry tender brings $26m bid
Washington State Ferries expresses disappointment with the lone bid from Todd Shipyards.
- Murmansk closes Varandey
Russian tanker owner to abandon arctic oil terminal after losing Lukoil deal to Sovcomflot.
- Tanker estimates cut
Bear Stearns analyst reduces first-quarter earnings forecasts for US-listed tanker owners as rates miss expectations.
- Atlantska pushes up profit
Strong bulker markets meant Croatian owner easily surpassed 2006's earnings last year.
- Charters buoy Top forecast
Cantor Fitzgerald analyst lifts earnings estimates for Top Ships after recent bulk carrier fixtures.
- G Bottiglieri in cape debut
Mariella Bottiglieri-led owner pens first orders for one-plus-one capesizes at China's New Times Shipbuilding.
- FreeSeas share issue
US-listed bulker owner files with US regulators to potentially issue new shares and sell stock belonging to Ion Varouxakis and the Restis family.
- Coastguard to strike again
Britain's search-and-rescue service faces another day of disruption.
- Nordic shy of forecast
Danish tanker owner embroiled in shareholder battle can't quite match profit prediction for 2007.
- Four missing off China
Sixteen crew rescued after cargoship hits bridge under construction near Ningbo.
- Andersen's axe to fall again?
AP Moller boss says further job cuts may be on the way despite company's largest ever round of redundancies in January.
- Hutchison getting bigger
Hong Kong ports giant hikes profit and throughput in 2007 as expansion continues.
- GAC buys UK agency
Middle East giant adds Teesside partner OBC to its growing ranks.
- Napoli gone by September
Work to remove stern of beached boxship to begin in May, UK coastguard agency says.
- Fredriksen sells on minority fear
Seadrill cashes Odfjell Invest holding in favour of following more attractive investments.
- Crewman missing
Search called off for seafarer who fell overboard NIS-flagged cargoship in Baltic.
- Turkey tug trouble for cruiseship
Pullmantur vessel grounds near Aegean Sea port in 45-knot winds after one of two tugs suffers fault.
- CMA CGM takes Maersk slots
After a tie-up on the transatlantic French liner giant is to take space on rival's transpacific service.
- Heavyweights get gasses up
IM Skaugen and Teekay join forces in carbon dioxide shipping push.
- Ofer in giving mood
Low-profile shipowner hands over huge '20m donation to modernise National Maritime Museum in London.
- STX still booming
Bulker owner tips operating profits to quadruple in the first three months of 2008.
- More pool depth for Norden
Danish owner sets up new handysize and post-panamax bulker pools with Interorient and ratchets up profit forecast.
- NYK banking on boxes
Japanese giant expects profits to be boosted by nearly a fifth next year as US rates climb and newbuildings hit the water.
- Union in Daewoo strike threat
Korean shipyard could face series of "unfortunate events" if workers don't get say in sell-off of state stake.
- Vroon back at Zamakona
Expanding Dutch shipowner returns to Spanish shipbuilder for another four field support vessels.
- BV's marine holds its own
Shipping and offshore division sees double-digit growth in both operating profits and revenue.
- Star confirms Gamma fixture
Akis Tsirigakis-led Star Bulk Carriers secures three years of employment for Supramax.
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| MARCH 27, 2008 |
- ESPMC-WITASS reducing Puerto Cabello congestion charge
- No fooling: Truckers warn of April 1 shutdown
- Truck tonnage index remained flat in February
- Yellow Transportation launches expedited ocean service
- Aon develops trucking certification program
- Oops! Pentagon says missile parts shipped to Taiwan
- Norbert Dentressangle profit dips in 2008
- Panama Canal reduces reservations to clear traffic
- APM Terminals, Port of Rotterdam Authority sign cooperation pact
- Major Chinese container ports volume up 10% in February
- Strike in Poland enters sixth day
- Workers strike ports in France
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| MARCH 27, 2008 |
- Sirius buys Stockholm tankers
Sirius Rederi on the Swedish west coast island Dons' has aquired the product carriers Stoc Petrea and Stoc Regina. Seller is Stoc Tankers in Stockholm. The 4,500-DWT vessels were built in Turkey in 2004 and 2005 respectively. On delivery ...
- Erria's profit grew despite lower revenue
Erria A/S had a better year in 2007 despite a fall in net revenue. It fell from DKK 81.7 million to DKK 73.5 million, but the net profit grew from DKK 10.8 million in 2006 to ...
- Swedish Svitzer tug to Danish flag operation
Em. Z. Svitzer A/S have started the process of re-flagging the Swedish tug Arctic Helios, which during April will be transferred to the Danish fleet under the name of Svitzer Helios. The ship will arrive at Assens Skibsværft ...
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| MARCH 27, 2008 |
- Ship operators urged to rethink approach to fuel costs
Credit risk analyst says fuel surcharges are not a sustainable long-term method for offsetting effect of high bunker prices.
- Ventrin plans expansion
New shareholding will see changes in Caribbean supplier's operations.
- Infineum owners mulling sale
Study to 'review strategic options' for additives JV.
- WTSA to roll out quarterly bunker surcharge increases
Hikes coming as container lines attempt to bring surcharges 'closer in line' with actual bunker price gains.
- Rotterdam market firm
- Bunker market report from Praxis (March 26)
- Another record for Singapore fuel oil stocks
- Hong Kong: IFO supplies set to tighten
Traders expect supplies of 380 cst product to remain tight throughout April.
- Maersk gives more details of floating BAFs
Floating BAFs will be introduced in phases starting in April.
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