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| APRIL 29, 2008 |
Shipping News
- Energy, natural resources the way to go for BDP
THE burgeoning number of complex projects in the energy and natural resources markets such as in the construction, mining, power, oil, natural gas and chemical industries in remote locations has encouraged BDP International, one of the largest privately owned logistics firms, to set up a dedicated unit to cater to such projects.
- US to enlist boaters as allies against any boat terror attack
As boating season approaches, the Bush administration wants to enlist America's 80 million recreational boaters to help reduce the chances that a small boat could deliver a nuclear or radiological bomb somewhere along the 150,000km of US coastline and inland waterways.
- TNT profit tumbles 58% in Q1
TNT NV, Europe's second-biggest express-delivery service, said first-quarter profit fell after last year's earnings were boosted by the sale of the freight-management unit, as fewer working days and an early Easter holiday restrained revenue.
- Kawasaki may raise profit forecast
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| APRIL 29, 2008 |
- UASC launches new Asia-Europe service
- China 3PL Summit to be held in June in Shanghai
- China's fifth bonded port area on Meishan Island starts construction
- Unitex strengthens India offering with its own offices
- 1.9 million cubic metres dug up from Panama Canal
- China's logistics primed for expansion long term, but short-term clouded
- Shipping container safe houses chemically tested
- Boeing and Biman Bangladesh Airlines sign for 777s, 787s
- Kuehne + Nagel posts strong Q1, up increased by 18.5pc
- Pakistan fruit exporters to target European markets
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| APRIL 29, 2008 |
- Revamped EPIC service to be launched in mid-May
- Orders for newbuildings may plunge by 50 pc-Lloyd's
- Sovereign holds trade meet at Kandla
- Maersk Line, MSC & CMA CGM revamp joint China-US West Coast service
- Evergreen Line to offer butterfly loop on Asia-US trade
- PSA, Doosan ink $ 160-m deal for 79 RTGCs
- APM Terminals sweeps 2007 PMA safety awards
- CKYH Alliance agrees on service rationalisation
- Coscon launches Zhangjianggang-Taiwan container service
- Zim revamps South America services
- Five major lines to combine NZX1 & NZX2 services & form 1 upgraded loop
- China Shipping Lines boosting container service at Port of Seattle
- Rotterdam takes best European port award
- Maersk Logistics names new Asia-Pacific manager
- TSA member carriers inking new contracts
- Wooing customers, Maersk's Youship style
- FEFC lines to raise rates from June on N. Europe-Asia trades
- M&As in port sector set to surge, says E&Y study
- New Mangalore Port's cruise lounge docks first luxury liner
- Chennai Port's driving force lures most cars
- Rice export ban relaxed for Bhutan
- British Rail fancies tie-ups in dedicated freight corridors
- Two new freight corridors may be placed on track this fiscal
- CONCOR's bottomlines swell in 2007-08
- Indian crude basket breaches $ 110 per barrel mark
- FinMin rules out refund of state taxes to exporters
- Rangarajan for scrapping 51 pc EO on SEZ units
- Japan makes accommodating bow for economic treaty with India
- Rs 500 cr. in drawback dues to be cleared in May
- Exporters allowed soft credit till oct-end
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| APRIL 28, 2008 |
- Pirates back in action off Singapore
- Frontline orders VLCCs
- Owners back EU Council over directives
- Eide buys Eitzen subsidiary
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| APRIL 28, 2008 |
- Senate panel passes MAPOL Annex Vl measure
- Subsea 7 goes to Merwede for pipelay vessel
- Frontline orders VLCC newbuilds in China
- Austal Tasmania marks a milestone
- Security team fires warning shots
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| APRIL 28, 2008 |
- Department of Transportation awards grants to small shipyards
- Steel imports up during month of March
- Torm announces sale of bulk vessel TORM MARLENE
- Unknown substance causes stir at Coos Bay Coast Guard station
- New carrier mix forms service calling South/North America
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| APRIL 28, 2008 |
- Fears grow over London's shipping status
CITY'S maritime future at risk after prominent Greek shipowners leave over unpopular non-dom tax move.
- NJ Goulandris is latest Greek to quit London
- Hapag sale a 'one-off', says Seaspan chief
MOVE unlikely to mark the start of another round of consolidation in the box shipping sector, says Gerry Wang.
- Seaspan will pounce on 'distress sales' by owners
US boxship owner looking at secondhand ships, abandoned newbuildings and potential corporate acquisitions.
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| APRIL 28, 2008 |
- Raoust predicts 450 Cape surplus
"WE can expect a surplus of 450 Capesize bulkers by 2013," predicted Jean-Bernard Raoust to the Shipping Energy China conference today.
- BGV invester is alleged fraudster
JOHN Paul Airs, the "businessman" said to be buying 10 Bateaux Grande Vitesse ships, has been exposed in a BBC investigation to be a fraudster
- Dry-bulk partnership forged
A JOINT venture between China Navigation of Hong Kong (part of Swire Group) and CTM (part of Ceres Group of Greece) of Monte Carlo has been forged to provide reliable, tailored and cost-effective dry-bulk services
- Boskalis ready to swoop on Smit
ACCORDING to a Bloomberg report, Smit Internationale may face a full takeover from the Royal Boskalis group following the failure of its approach for Smit Terminals
- US coal trends reversed
THE US coal trade has reversed course, with export growth now far exceeding the pace of imports
- Strike at Chile's copper mines
PROTESTERS today kept Codelco's Salvador and Andina copper mines closed amid a sub-contractors' strike that is now more than a week old.
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| APRIL 28, 2008 |
- APL volumes increase 13%
Container arm of Neptune Orient Lines reported worldwide volumes increased 13 percent from March 8-April 4.
- Horizon Lines net falls
- Italian cargo carrier Ocean Airlines shuts down
- TWIC sign-ups top 300K
- Lines revamp EPIC service
- Q1 loss for Seaspan
- Supply chains at greater risk for fraud: Report
- Union planning next move against French ports
- China-ASEAN trade up
- OOCL opens in Da Nang
- TNT express gains
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| APRIL 28, 2008 |
- OOCL Panama naming honours waterway
- Maersk plans investment in China's Fangchenggang port
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| APRIL 28, 2008 |
- Owner aims for $80m
US-listed Double Hull Tankers plans to issue up to 8.05 million shares in an effort to grab more than $80.3m.
- Seaspan eyeing resales
US-listed containership owner is considering a jump on slots opening up as other owners pull out.
- Pirates get life in jail
Seven Somali pirates are sentenced to spend their lives in prison five days after their arrest in Puntland.
- Tidewater CFO to retire
US offshore vessel giant will say goodbye to Keith Lousteau in September.
- Excel downgraded
Cantor Fitzgerald cuts US-listed bulker owner's rating following merger-fuelled rally.
- More bodies found
Rescuers find more bodies as salvors pull a sunken anchor handling tug-supply vessel from the sea floor off Hong Kong.
- Smit for sale?
Price tag of about $2.5bn put on Dutch towage and salvage group.
- MMM on the mend
Malaysian tanker owner back in profit in first half, but operating losses persist.
- Superior in bankruptcy
US dive support vessel owner seeks Chapter 11 bankruptcy protection in a federal court.
- CMES makes good on promise
Chinese tanker and bulker owner lives up to forecast of doubled profit in first quarter.
- Red ink for Seaspan
Gerry Wang-led owner sees first quarter returns hit by $53m loss on interest rate swaps
- Getting richer
Donation to UK maritime museum puts Ofer fortune under rich list scrutiny.
- Mordashov's man in at TUI
German tourism, shipping group appoints ally of Russian billionaire to board, but is it enough to satisfy big shareholder John Fredriksen?
- Merwede wins pipelay deal
Dutch yard to build $190m cable/construction vessel for Oslo-listed Subsea 7.
- Box boosts for Yangzijiang
First quarter profits up 92% on the back of increased containership orders.
- Banks buy into ITC
Indochina Capital and Sacombank plough $34m into Vietnamese bulker owner to aid expansion.
- Eastern wins federal grant
New Orleans yard secures Small Shipyards scheme cash to help it get bigger.
- Fredriksen inks six VLCCs
Tanker tycoon returns to China's Zhoushan Jinhaiwan Shipyard to pen four firm orders with two options attached.
- BW Gas swaps Oslo for Hamilton
Norwegian shipowner seeks calmer waters in Bermuda after being hit by Norwegian back-tax.
- Much better for MHI
Japanese shipbuilder posts strong annual profit to end-March, but current year looking tougher.
- Yangzijiang better by half
Singapore-listed Chinese yard expects profit rise of more than 50% this year as it expands its operations.
- More double hulls
SK Energy plans to increase its use of double hull VLCCs in advance of South Korea's early ban.
- Fast start for HHI
Weaker won widens margins as shipbuilder's operating profit hits new record.
- Fredriksen in TUI quit threat
Tycoon could sell out of German tourism and shipping group if he doesn't manage to oust two board members.
- An Yue Jiang docks in Luanda
Cosco ship at centre of Zimbabwe arms row arrives in Angola, but the arms will stay onboard.
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| APRIL 28, 2008 |
- Class action lawsuit filed against Puerto Rico carriers
- NYK profit soars
- Horizon Lines' 1st quarter profit slumps
- Seaspan: Loss won't hurt ability to pay dividend
- HMM departing U.S./East Coast South America trade
- Frontline orders VLCCs from Chinese yard
- ESPMC-WITASS to lower Port of Spain congestion surcharge
- ClassNK opens Kochi office
- ESC joins air freight class action
- Continental calls off merger talks with United
- Cuba wants to create air cargo hub
- American Airlines Cargo expands European network
- Tropical Shipping acquiring Caribtrans
- APM Terminals becomes majority shareholder in Brazil stevedore
- India's ports near busting point, says report
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| APRIL 28, 2008 |
- BW Gas shifts from Oslo to Bermuda
BW Gas has decide to form a new parent company based in Bermuda and listed in Oslo. All shareholders are offered one share in the new Bermuda company for each in the old, Oslo based, company. The reason is that ...
- Frontline orders four VLCC's
Frontline Ltd. has signed a contract with Zhoushan Jinhaiwan Shipyard Co.Ltd. in China for four 320,000 DWT VLCC newbuildings to an undisclosed price. The units will be delivered between June 2011 to December the same year. The company has also ...
- New chairmen in Swedish Shipowners' Associations
Lars H'glund, managing director of Furetank Rederi, has taken over the helm at the Swedish Shipowners' Association after Dan Sten Olsson, Stena AB, who tegether with Lennart Simonsson, Brostr'm AB, remains as vice chairmen. Per Croner, Wallenius Marine, has been ...
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| APRIL 28, 2008 |
- Gazprom enters another bunker market
Energy giant continues expansion in Russia's Northwest.
- 75% sulphur reduction achieved on cruise ship
Krystallon says seawater chemistry may have affected scrubber test result.
- Bunker market report from Praxis
- Rotterdam market MDO remains tight
- Japan liners: Bunker costs to eat into profits
Japan's liners announce record earnings, but warn of leaner times ahead as bunker costs bite.
- Rising fuel costs to drive up seafood prices
New Zealand fishing industry warns of more expensive seafood in the long run.
- Philippine authorities seize smuggled fuel
Two road oil tankers impounded for possible smuggling charges.
- Increased storage unlikely to lower Sri Lanka bunker prices
Prices likely to stay high due to country's reliance on imports, players say.
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