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| APRIL 28, 2008 |
Shipping News
- Salvage firm Smits a takeover target
Smit Internationale, the biggest marine salvage company, may be heading for a takeover two months after rejecting a US$300 million bid for its oil tanker towing unit.
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| APRIL 28, 2008 |
- Japan's top three post record profits, but see flatter year ahead
- AADA ups bunker surcharge from China, HK to Australia
- Fujian to add 2,000 kilometres of railway in next 10 years
- Russian regulators approve raising port tariffs 13pc
- JNPT faces serious delays as new quay crane deal falls through
- High oil prices to help barge service cut truck traffic in Virginia
- AirAsia appoints AAT as HK ground handling agent
- Boeing earns US$1.2 billion, up 38pc in Q1
- Sydney Airport posts 6.8 profit increase in first quarter
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| APRIL 28, 2008 |
- Executive director of Port Authority of New York and New Jersey resigns
- Freight up at port of Antwerp
- Swiss posts solid Q1 performance
- Brussels Airline reduces speed to cut costs
- Messina bridge out in the open again
- New joint FedEx and Canadian post office service
- Asia-Pacific countries also against 100% box screening
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| APRIL 25, 2008 |
- Arms ship "heads home"
- CMB hit by hedging and currency losses
- Americas service rejig
- Ulstein bow vessel to be built in China
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| APRIL 25, 2008 |
- Seabulk Trader loses Jones Act trading rights
- Marad awards $9.8 million in shipyard grants
- House defies Bush on Coast Guard Act
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| APRIL 25, 2008 |
- Crowley marks christening of new Alaska tug VIGILANT
- Intermodal count leads way to mixed week for rail freight
- Cargill completes expansion of Wroclaw, Poland wheat facility
- ATA truck tonnage index falls during month of March
- Coast Guard Cutter STEADFAST returns to homeport in Astoria
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| APRIL 25, 2008 |
- Record profits for Japan's big three
JAPAN'S big three carriers buoyed by surging rates and cargo but warns rising costs could dampen prospects this year.
- MOL boosts box service
- Pacific Basin predicts dry bulk boom will continue
COMPANY forecasts another robust year after increasing its handysize fleet average charter rates.
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| APRIL 25, 2008 |
- Puerto Rico lines face class-action suit
The lawsuit alleges that the four carriers conspired to raise overall prices and to impose fuel surcharges in violation of antitrust laws.
- Senate panel approves Marpol Annex VI ratification
- 4 carriers revamp S. America-U.S. service
- Japanese carriers report higher profits
- PNW ports match first-quarter 2007 totals
- Deutsche Bahn denies Hapag-Lloyd report
- House passes Coast Guard authorization
- Marad awards grants to 19 small shipyards
- TWIC enrollment scheduled at Port Hueneme
- Miami River reopens
- ILA's Hughes elected to ITF board
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| APRIL 25, 2008 |
- MSC Napoli: a catalyst for change?
The UK's Marine Accident Investigation Branch (MAIB) published its eagerly awaited report this week on the structural failure of the MSC Napoli, in the English Channel on January 18, 2007.
- Hanjin, K Line and Yang Ming participate in South America trade boost
- China Cosco sharply up in 2007
- Terminal efficiency under test
- Japan's carriers post profits jump
- Port of Antwerp boxes up 6% in Q1
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| APRIL 25, 2008 |
- Globus takes Florentina
AIM-listed bulker owner emerges as the buyer of a Bocimar panamax, brokers say.
- Navy confirms firing shots
A US Navy officer says fires were shot from a chartered-in ro-ro, but it is not known whether the vessels were Iranian.
- Shots fired off Iran
A Military Sealift Command- chartered ro-ro is reported to have fired warning shots on two boats
- Endurance sells
A 30-year-old bulker lives up to its name, as Enrico Bogazzi picks up another oldie for $17.7m.
- DryShips grows Ocean Rig slice
George Economou's US-listed bulker owner continues to gobble up shares of the Norwegian ultra-deepwater player.
- Euro vision
TradeWinds TV catches up with a lobbyist pressing shipping's case in Brussels.
- Flat Horizon
Fuel costs and dwindling volumes lead to 70% first-quarter slump at US owner Horizon Lines.
- House defies Bush
Lawmakers approve the Coast Guard appropriations bill despite the president's veto threat.
- Slow steaming
Dispute over main engine failure that led to CTL set to limp into court 12 years after incident
- GATX marine profits grow
With American Steamship ships in winter lay-up, first quarter results are up for other shipping efforts.
- Strait talking?
Tanker players say goodbye to Istanbul but will all the talking lead to any action?
- Limarko up by 11%
Lithuanian reefer owner posts better first-quarter earnings on higher revenue.
- Eitzen ship was holed in clash
Repairs begin as details of damage to Sibulk Innovation emerge in Singapore.
- Torm confirms Marlene sale
Danish owner to bank $40m from 2007-built panamax bulker.
- Meltdown at Superior
US offshore player halts operations and lays-off all staff against background of class actions against bosses, who have also walked out.
- Neste on the slide
Finnish tanker owner sees first quarter profit dip as rates come under pressure in Baltic.
- Dua's newbuilding debut
Dubai-based owner Ishhar Overseas has ordered its first newbuildings ' four bulkers in China.
- Dinner on Fredriksen
Delegates enjoy Norwegian seafood and classical music courtesy of Golden Ocean and DnB NOR.
- NYK falls short
Annual net income surges on year-ago figure but drops short of expectations.
- Tallink sheds Superfast
Canada's Marine Atlantic charters costly ferry from Estonian owner as it seeks to cut fuel bill.
- K Line builds profit
Another "big three" owner feels bunker-price pain, but annual result comfortably up on previous year.
- Aker eyes Primorsk yard
Norwegian shipbuilder reportedly in talks over partnership to build plant near Russian oil port.
- Bottiglieri's bulkers
Italian talks about his move into capesize ownership and his concern over China's yard expansion.
- MOL posts huge profit rise
Japanese giant's annual figure well ahead of previous year, but higher fuel costs "compressed" earnings.
- Opportunities and pitfalls
China's rapid shipyard expansion creates both potential and problems says RINA boss Ugo Salerno
- Big list for Pemex charter
Mexican oil company's five-ship tanker supply deal attracts 27 potential bidders.
- Bulker overhang
BRS' Jean-Bernard Raoust talks about the large orderbook and one benefit of the credit crunch.
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| APRIL 24-25, 2008 |
- European Shippers' Council: Carriers overcharging BAFs
- MOL's annual profit up 57%
- "K" Line sees earning spike despite fuel, economic concerns
- Maersk fleet will break 2 million-TEU mark
- Europe West Indies Lines changing U.K. port
- Carriers end U.S./Brazil loop to join with CSAV
- Hamburg S'd, Alian'a to raise Europe/East Coast South America rates
- Miami River reopened after barge refloated
- OOCL Panama christened
- SCI considers outsourcing seafaring officer duties
- FEFC carrier's westbound volume surges again
- Iran shipping leader says Western sanctions a huge barrier to industry
- Grand Alliance stalls on transpacific service restart
- Hanjin, APL to start Vietnam/Taiwan/Singapore feeder
- Euroseas charters containership
- Northwest Airlines tightens freighter network
- Great Wall Airlines to serve U.S. in June
- British Airways World Cargo to increase fuel surcharge
- Cargolux adds second Doha frequency
- UPS: "No signs of economic strengthening"
- JAL latest to admit to price fixing on cargo shipments
- AirBridgeCargo starts Moscow direct service to Hong Kong, Shanghai
- FedEx, Canada Post offer new service
- Truckers say recession could be "more serious"
- Union Pacific reports improved profit
- YRC takes $46 million 1st quarter hit
- Kirby reports record quarterly profit
- Rail freight based Eurasia logistics company launched in Moscow
- Canadian firm closes on ship for short sea service
- U.S. lawmakers told export control system "broken"
- ProLogis to develop former South Tacoma rail site
- JPMorgan, Trax Technologies form alliance
- Ozburn-Hessey hires Finney as senior VP
- FDA struggles to inspect overseas pharmaceutical suppliers
- How to collect $613 million
- BDP acquires stake in Spain's Euromodal
- Kuehne + Nagel opens logistics center in Malaysia
- DSV buys majority stake in Finland's Termoline
- Deal approved for New York's Red Hook Terminal
- Sea Point container project receives La. bond approval
- Port of Antwerp's 1st quarter volume up 3.4%
- Tacoma port, SSA Marine, Puyallup Tribe sign development deal
- Da Chan first to use all electric RTGs
- Hamburg terminal meets certification standard
- Build contract signed for new Vietnam box terminal
- Court denies new hearing for marine auxiliary engine rules
- Kinder Morgan to pay $240,000 to settle ocean-dumping charge
- Busan pilot charged with lying to feds about medications
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| APRIL 25, 2008 |
- StatoilHydro in anchor-handling deal
StatoilHydro has signed charter contracts for three anchor-handling vessels, with a total value of NOK 1.6 billion. The largest contract is a five-year deal with DOF for a newly built Skandi TBN AH 04 CD, the vessel ...
- Danish owners seeks advise on piracy
Danish Shipowners Association seeks advice from one of the leading experts on hi-jacking and piracy. Last week the DSA had a meeting with Suzanne Williams, which is anti-piracy adviser for insurance broker Willis of London and has a ...
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| APRIL 25, 2008 |
- Weapons-carrying ship confirmed in Angola
Chinese-registered vessel will not be able to unload cargo, with German bank seeking its repossession.
- Bominflot expands into New York
Supplier now offering wide range of bunkering options down the US East Coast.
- Revised Annex VI 'not enough' for California
Doubts that US accession to MARPOL Annex VI would stop California from pursuing its own sulphur reduction regulations.
- Bunker market report from Praxis
- Tighter regulation for bunker market 'inevitable'
Marine industry faces 'unprecedented regulatory demands.'
- Rotterdam MDO still tight
- Low sulphur fuel still posing problems
Chemoil urges maritime industry to move towards zero emissions.
- New bunker tanker for off-shore West Africa
Addax Bunkering Services ready to deploy first vessel in major fleet renewal programme.
- Bunker surcharges help lift NYK profits
Shipping company posts record profits despite rising fuel costs and weak dollar.
- Vladivostok to expand bunker storage
The port plans to increase storage turnaround to 1-1.5 million mt.
- Supplier demands Ceypetco explanation
Sri Lanka-based supplier may take legal action over failure to be selected as partner.
- MPA: Operations unaffected by collision
Bulk carrier had collided with tanker early Thursday after bunkering.
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