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| FEBRUARY 29, 2008 |
Shipping News
- New Delhi stays course on controversial shipping lane
India's government is sticking to plans to bore a major new shipping lane, officials said yesterday, despite objections by Hindu groups which say it would destroy a rock and sand ridge built by a god.
- ReCAAP's info centre 'achieves its objectives'
THE Information Sharing Centre set up by the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) is celebrating its first year of work.
- Stolt-Nielsen Q4 profit rises 7%
Norwegian shipping group Stolt-Nielsen has reported a smaller-than-forecast 7 per cent rise in fourth-quarter operating profit. Operating profit rose to US$47 million for the quarter ended Nov 30, 2007 from US$44.1 million a year earlier. The result missed an average expectation of a rise to US$54 million, and was at the lower end of estimates of US$41 million to US$66 million.
- China-EU shipping pact takes effect tomorrow
- China shipyard warns of sector slump
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- WTSA to boost rates to recover US-Asia fuel costs from April
- Yantian welcomes maiden call of Evergreen's new East Med service
- Maersk to revamp Far East-Middle East service loops
- Terminal Operations Conference Asia meets Shanghai in March
- Delmas Singapore B/L to switch to CMA CGM
- Hampton Roads faces drastic shortage of empty containers
- Geodis 2007 net income rises 11pc to US$80 million
- Emirates SkyCargo expands Shanghai business with second flight
- Korean Air to tap Central Asian market with Uzbekistan Airways tie-up
- India expected to issue more air cargo licences
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- CMA CGM upgrades CIMEX service
- ANL remains in EPIC service
- JNP born from need to decongest Mumbai Port, Baalu informs MPs
- More handling records tumble at Tuticorin Port
- Apex chambers laud Lalu's Budgetary focus on port connectivity, freight corridors
- Dighi port hails rail connectivity move
- Buoyancy continues in industrial sector: Survey
- Steps for sustaining & stepping up industrial growth
- Highlights of the Survey 2007-08
- Economy now into higher growth trajectory-Survey
- Survey: Petro-products, engg, gems & jewellery mainly power export engine
- Manufacturing, services keep tax revenues buoyant
- Efforts made to provide relief to exporters affected by rupee appreciation
- Priority sector lending up by 20 pc
- Foreign Trade Policy Analysis: Current Trends-By M. Sreedharan
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| FEBRUARY 28, 2008 |
- UK MCA braced for strikes
- ULCCs to become FSOs
- Stolt-Nielsen's "record year"
- Chemoil launches Helios Terminal
- MaK launches Low Emission Engine
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| FEBRUARY 28, 2008 |
- $10.8 million SeaFighter award
- OSG enters FSO market
- Court blocks California marine fuel rule
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| FEBRUARY 28, 2008 |
- Closures begin today for John Day navigation lock
- Truck Tonnage Index rises during January
- Crowley taps Bill Hill as business development director
- WTSA member carriers plan bunker charge adjustments
- Port of Seattle names Hinojos-Fall, Meyer to ethics board
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- Norwegian owner is first to use Newbuildcon
SHIPOWNER inks deal with Chinese yard using BIMCO's newly-launched global shipbuilding contract.
- BIMCO puts newbuild contract on public view
- IHIMU latest yard in steel price standoff
JAPANESE shipbuilder halts sales activities in stand against excessive steel plate prices.
- California emissions rule overturned
US Court decides state regulators must obtain approval before enforcing laws for ships to burn cleaner fuel.
- Asia answers the credit crunch
THE growth of alternative ship financing means the credit crunch need not spell the end of the current global fleet expansion.
- Crisis? What crisis?
THE threat of a US recession and a European economic slowdown has certainly provoked a welter of threats to be peddled by the doom-mongers.
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- UK coastguards to strike next week
The first strike in the history of the UK coastguard will be held on 6 March for 24 hours
- Euro cruise shipyards must improve
SHIPBUILDERS that specialise on cruise vessels in Europe have a strong position on which to capitalise also in the future, but they must pay more attention to quality, a senior cruise industry executive says
- Hurtigruten losses mount
ONE-off expenses and a seasonal slow down hurt the performance of Hurtigruten, the Norwegian passenger shipping and transport group
- Teekay follows downward trend
TEEKAY Corporation, like other tanker listings, has reported lower profits for last year, with only its LNG segment upping cash flow
- Overseas goes offshore
OVERSEAS Shipholding Group is expanding into yet another sector with a new contract for Floating Storage and Offloading (FSO) services
- California pulls up low SOx
IN A rare victory for the maritime industry in California, a court has thrown out regulations forcing ships to switch to low sulphur fuel within 24 miles of the coast
- Europeans can't get enough cruises
- IMO pushes for African 'ReCAAP'
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| FEBRUARY 28, 2008 |
- Shippers moving containers through California ports facing another fee
State senator restarts proposal for $30-per-TEU fee for boxes moving through Long Beach, LA, and Oakland.
- APM: Efficient terminal design aids environment
- U.S. visit looks to boost Colombia trade pact
- Baer resigns as director at Port of Palm Beach
- ANL joins EPIC loop
- DP World reorganizes regions, appoints executives
- Ports America opens intermodal hub in Mexico
- Yusen China unit reorganizes
- Teamsters, DHL in pact
- Group bids $340M for Navibulgar
- SAP offers new SC software
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| FEBRUARY 28, 2008 |
- New Zealand meat producers mull united front against carriers
- UK coastguard staff to strike
- MSC launches new US - Central America link
- Barcelona boxes hit 2.6 million thanks to Chinese two-way trade
- FEFC introduces Suez canal transit surcharge and formalises heavy box levy
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| FEBRUARY 28, 2008 |
- Nice price
Bocimar and Drylog have paid just $37.5m to own a modern capesize outright.
- Robust results for Euroseas
Aristidis Pittas-run Euroseas is posting strong numbers and shopping for more secondhand ships.
- Fast start for HUBLine
Dennis Ling-led company cashes in on high freight rates to post improved profits in the first quarter.
- Fuel rule terminated
A US appeals court has told California it cannot make its own rules on marine fuel.
- Good deal for Navibulgar?
German-led consortium to pay $340m for 70% of Bulgarian shipowner, below market estimates.
- Crowley to the rescue
A busy waterway's dedicated rescue tug is set to go off duty soon after the rescue of a drifting Norwegian bulker
- Stolt steady
Parcel tanker owner Stolt-Nielsen toasts end to DoJ indictment and positive effect on annual earnings.
- Boustead boosted
Waiver from banks over restructuring helps Malaysian shipbuilder to huge 2007 profit.
- Sea Diamond ghost haunts Louis
Cypriot owner sees profits fall due to mounting cost of last year's Santorini sinking.
- Russian ship freed
Lida Demesh crew released after four days as 'guests' of North Korea.
- TMM still awash with red ink
Mexican tanker and offshore vessel owner's 2007 operating profit wiped out by finance costs and write-offs.
- More hurt for Hurtigruten
Norwegian ferry and cruise group admits it will take some time to return to profit after costly 2007.
- Transatlantic hit by Oslo tax rejig
Swedish ro-ro player's 2007 profit dragged down by new rules for subsidiary Transviking.
- Havila backs tax back-track
Norwegian offshore owner's annual net profit drops as it re-states tax costs due to new taxation regime.
- Teekay in spot of bother
Weaker tanker markets and higher costs drive down 2007 earnings for Canadian giant.
- Colombo yard on the march
Sri Lankan shipbuilder cashes in during 2007 with profits boosted 76%.
- ICL snaps up bulker
India Cements buys second dry cargoship, reducing Essar's bulk fleet to three ships and 14 on order.
- Dockwise sinks
Andre Goedee-led company sees profits sucked into the red as restructurning costs bite.
- Full-year joy for Sado
Japanese ferry owner exceeds its own expectations in 2007 but tips profits to tumble in the next six months.
- BLRT boosts earnings
Estonian shipyard group's acquisitions came good in 2007.
- Maersk rejigs Asia-ME
Containership giant says it is improving its links between the Far East and ports in the Middle East.
- Less yellow leaves Green red
Lower banana volumes one reason for annual loss at Green Reefers as costs and tax bill add to chill.
- MAN wins ro-ro deal
Wilh Wilhelmsen and Wallenius Lines pick engine builder to supply propulsion plant for giant ro-ros.
- Euronav, OSG to convert ULCCs
Tanker owners enter FSO market through eight-year deal with Maersk Oil.
- More delays at ABG
SCAN Geophysical says newbuildings at Indian yard are now six months behind schedule.
- Hyundai inks FPSO
South Korean shipbuilder secures offshore order worth $1.6bn from French oil major Total.
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| FEBRUARY 28, 2008 |
- WTSA lines seek to recover U.S. to Asia fuel costs
- Supreme Court hears arguments in Exxon Valdez case
- Carriers work together in Asia/Australia trade
- OSG sees 4th quarter earnings fall
- Maersk Oil Qatar awards FSO contracts to joint venture
- AirBridgeCargo takes delivery of milestone 747-400ER Freighter
- SBI serves as good model for land ports, Ahern says
- Mexican intermodal inland port opens
- Analyst: Congress could draw wrong lessons from Secure Freight pilot
- House supports 10-month extension of Andean trade program
- Laxey Partners makes TDG approach
- Schneider picked as DHS deputy
- Port of Miami saw cargo volumes drop in 2007
- Port of Tauranga's first half profit down 4.8%
- Marseilles-Fos January container volume down, total tonnage up
- DP World snaps up Dalgaard, Singh
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| FEBRUARY 28, 2008 |
- SuperSpeed I delivered
On Wednesday 27 February Aker Yards Rauma shipyard delivered the fast car- and passanger ferry SuperSpeed I to Color Line. The ferry left Rauma on the following day and is expected to arrive at Kristiansand on 1 March. After a ...
- Shipyard death toll triggers yard closures in Turkey
Turkish authorities have ordered three shipyards in Tuzla to partially close there sites due to fatal accidents and deficiences work safety. The Turkish parliament has also established a commission to investigate the close to 40 deaths at the shipyards in ...
- Tax liability knocks Solstad and Farstad results
Solstad Offshore and Farstad Shipping ' two of Norway's principal owners/operators of offshore support vessels ' have a combined shipping tax liability of NOK 1,243.64 million, mainly thanks to the retroactive shipping tax introduced from 1 January 2008. Payments can ...
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| FEBRUARY 28, 2008 |
- Rotterdam HSFO barge market soars in late trade
Benchmark fuel oil prices rising as crude rallies above $100 again.
- Shipping reaping benefits from global warming
Ice shrinkage could allow ships to shave thousands of kilometres off some sea routes.
- Turkish player takes heated storage
Distillate supplier 'evaluating the possibility' of using new tank space for IFOs.
- Bunker market report from Praxis
- Costs hurting Stolt's tanker segment
Income 'held down' by rise in bunker prices and other operating costs.
- Strong winds disrupt bunkering
Heavy swell delays barge loading from Klaipeda terminal.
- Rotterdam midday barge market offers stay above $440
- New blow for California's sulphur rules
US appeal court says low-sulphur regulations need federal backing.
- Singapore: Stocks of fuel oil and distillates down
- Chemoil inaugurates Singapore terminal
Helios Terminal 'is the hub of our future Singapore and South East Asia trading operations' says CEO.
- Tanker company's profits drop 46%
OSG blames an erratic tanker market and high bunker costs.
- CEO of bunker firm steps down
Head of Tokyo-based bunker firm to take up new post in Singapore.
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