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| MAY 29, 2008 |
Shipping News
- Hyundai Heavy in talks to buy CJ finance units
Hyundai Heavy Industries Co, South Korea's third-biggest company by market value, is in talks to acquire holdings in two units of the CJ Group to manage assets and offer ship financing.
- Imarex Q1 profit up 16% on strong freight market
Norwegian shipping and energy bourse Imarex posted a 16 per cent rise in first-quarter core profit on a strong freight market and yesterday said that it was on the lookout for more acquisitions.
- STX gets 259b won order for 2 ships
STX Shipbuilding Co, owner of Europe's largest yard, said it has received a 258.6 billion won (S$342 million) contract from Europe to build two very large ore carriers as commodity transportation rates climb to a record.
- KL, S'pore, Jakarta start joint plan to protect straits
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| MAY 29, 2008 |
- Hapag-Lloyd upgrades Asia-Mexico services
- Maruba expands Asia-to-South America east coast service
- Profitability - not size - is what matters now at Maersk Line
- Activity at Pakistan's Port Qasim gathers pace
- Building of Alabama container terminal at Mobile progresses
- Norfolk, Virginia CT receives three new gantries
- Toll purchases Western Australia's Courier Australia
- Cathay takes delivery of first Boeing 747-400ERF
- MASKargo to boost profitability through ISO 9001 certification
- Air France-KLM blames US$855 million loss on fines and fuel bills
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| MAY 29, 2008 |
- BBC Chartering communicates a simple approach to shipping solutions with new logo
- Record shipping freight rates fuelling inflationary fire
- Trinidad & Tobago beckons investors
- GSPC, Adani group may form 50:25 JV to set up LNG terminal at Mundra Port
- Govt permits cement exports through Gujarat ports
- Lufthansa Cargo suspends import handling charges
- Xiamen launches 1st rail cargo service to central Asia
- Banks flouting RBI norms on loans to SME export sector-Fieo
- India springs into 'miracle economy' league
- Forex reserves rise to $ 314 bn
- CCHAA at dawn of Golden Era
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| MAY 28, 2008 |
- TNT Express names Frank Arnold as director sales in Germany
- APL creates wholly-owned organisation in Nordic countries
- BAWC wins Zoom Airlines Gatwick ground handling contract
- UK: growing interest in Freightliner
- Schenker targeting major expansion in China
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| MAY 28, 2008 |
- North of England reserves up
- Odense strives for efficiency, to survive
- DNV targets Mid East offshore market
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| MAY 28, 2008 |
- Seadrill issues LOI for semi
- Dubai Maritime City set for key role in Arab maritime development
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| MAY 28, 2008 |
- James McMahan takes helm of World Trade Center Tacoma
- EPA survey vessel making stop in Portland
- Coast Guard cutter MIDGETT returns to homeport in Seattle
- WTSA member carriers going after bunker surcharges
- Bottom falls out of Western lumber production
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| MAY 28, 2008 |
- Wah Kwong predicts ongoing bulk boom
WAH Kwong Maritime Transport Holdings executives forecast continued strength of the bulk markets.
- Wah Kwong gets $18m boost
- Handysize orders 'most at risk' of cancellation
ALMOST 60% of current huge handysize bulker newbuildings "vulnerable to cancellation."
- TTA looks to diversify as dry bulk markets slow
THORESEN Thai Agencies mulls offshore sector in anticipation of slowing bulk markets from 2009.
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| MAY 28, 2008 |
- Odense to restructure to survive
ODENSE Steel Shipyard, which is part of the Copenhagen-based shipping giant AP M'ller-Maersk (APM), will have to restructure its operations amidst continued heavy losses, but its chairman says the aim of the measures is to ensure the yard's continued existence.
- DFDS axes routes after losses mount
MOUNTING losses from cruise ferry operations have forced DFDS to close its three remaining services and put the affected vessel up for sale or charter
- Iran/S. African discuss cooperation
A SECOND meeting of the Iran-South Africa Joint Commission on Promoting Ports & Maritime Cooperation has been held in Tehran this week according to an IRNA report
- MarAd survey points to worker shortage
"THERE are plenty of job openings in the US maritime industry for qualified people," A MarAd survey states
- Agri-workers walk out again
AFTER a week-long impasse, the leaders of Argentina's four major agricultural organisations went out on strike again today
- Double hull premium rises
THE spot rate premium obtained by double-hull tankers continues to increase, possibly due to the 'Hebei Spirit effect', according to McQuilling Services.
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| MAY 28, 2008 |
- Westbound trans-Pacific carriers step up efforts to win floating fuel surcharges
Westbound traffic must "pay its own way" amid flat trade and rising fuel and inland transportation costs, liners say.
- DP World hopes to get into U.S. terminals business
- New industry forms around green port technology
- DHL shrinking U.S. network in deal with UPS
- APL boxes up 14%
- TWIC signs up 309,000+
- UPS: DHL pact worth $1B
- Maersk upgrades S. Amer. loops
- Export ABCs: Passive payment terms
- Tacoma opens review for terminal expansion project
- Geodis buy approved
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| MAY 28, 2008 |
- FEFC westbound shows signs of 'flat-lining'
- Feeder boost for Maersk's West Coast South America trade
- HPH utilises LXE wireless container tracking software
- SDV joins forces in the UAE
- APL's upward spiral continues
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| MAY 28, 2008 |
- Brown's crown!
Pot of gold - well, digital camera and trophy at least - at the end of the rainbow for this year's Maritime Photographer of the Year.
- Euroseas revs up profits
Aristides Pittas-led Euroseas sees profits shoot upward in the first quarter after doubling revenue.
- Somalian troops pursue bulker
Puntland says it may use force to free the Dutch ship hijacked off the coast of Somalia.
- Greenback hurts Eidsiva earnings
Norwegian ro-ro and car carrier player Eidsiva Rederi sees first-quarter results drop despite a strong market.
- Teekay Offshore in Norway spat
Norwegian Hull Club and StatoilHydro sue after shuttle tanker hits an FSO.
- Vale's very large ore confidence
Brazilian miner Vale is has boosted a VLOC newbuilding program to 20 vessels in a promising sign for iron ore output.
- Closer to home
Report warns rising transport costs could see shift in container trade to shorter voyages.
- Eitzen accelerates
Norwegian owner buys back $4m of its own stock ahead of schedule to send a signal to the market, its CEO says.
- US port cleans up
A new investment programme by the Port of Long Beach is set to dramatically cut emissions and create thousands of jobs.
- Hanjin's Subic debut
Korean shipbuilder starts sea trials for first vessel to be built at Philippines yard.
- Liberia woos Japan
President Sirleaf pitches in Tokyo to shipowners wavering over Panama and domestic tonnage tax.
- NYK in cadet claim
Japanese giant tackles crewing crunch with 20 trainees on new LNG carrier.
- Trinidad alone
Technomar boxship caught up in whistle-blowing row was only vessel detained in Canada during April.
- Navibulgar to buy big
New owner of Bulgarian shipping company says 25 ships will join the fleet within a decade.
- OHL in $25m fix
Oslo-listed owner secures four charters valued at around $90,000 per day, CEO says.
- Spectron aids Imarex
Acquisition of London trader helps Norwegian derivatives player to bigger operating profit.
- Viking sells oldie
Finnish owner offloads Alandsfarjan to Barbados owner ahead of newbuilding delivery.
- More for ore store
Chinese raw material importers are being told to pay more to store their iron ore.
- Japan's port plan
Chugoku region planning huge port investment to allow larger bulkers to trade.
- CSCL wants eight
Li Shaode-led owner to put pen to paper on a $878m newbuilding contract.
- STX bags 2 VLOCs
Mystery European owner behind $250m order for two very large ore carriers at Korean yard.
- HHI in finance move
Korean shipbuilder to buy into investment companies to offer its own newbuilding funding.
- Fredriksen buys rig
Norwegian shipping magnet's offshore arm returns to Singapore yard for deepwater semi-submersible.
- Crew tackles blaze
Alaska state ferry sent for repairs after generator fire extinguished off Ketchikan.
- Miller gets the nod
Aker veteran bumped up to replace Dave Meehan as the new main man at Aker Philly.
- Seismic
New geophysical company splashes out $900m on series of newbuildings at Middle East yard.
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| MAY 28, 2008 |
- FEFC carriers post modest April westbound growth
- APL's volumes, revenues keep on rising
- Maersk shipyard facing job cuts
- Carriers add Indian ports to service
- Yoest, who helped shape post-Cold War Coast Guard, dies
- Hijacked ship docks at Somali port
- Coast Guard will wait on seeking refund
- Kjaedegaard to leave Maersk Co.
- DHL to partner with UPS as part of U.S. restructuring
- Cathay Pacific changing cargo management
- Boeing delivers first 747-400ERF to Cathay Pacific
- Cathay gets go ahead to raise fuel surcharge
- Transnautic starts Frankfurt/Moscow air charters
- Jet adds fourth North American service to San Francisco
- BA World Cargo wins Zoom Gatwick ground handling contract
- South African Airways names Bamrah as U.K., Ireland cargo manager
- Unrest in U.K. over fuel costs
- Plan to expand Kiel Canal
- GAO recommends C-TPAT improvements
- BIS recruits for emerging technologies advisory committee
- Oakland port faces $18.6 million budget shortfall, plans staff cuts
- Recycler buys Long Beach-based scrap metal operation
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| MAY 28, 2008 |
- Ålandsfärjan is sold
Viking Line's Swedish subsidiary Viking Rederi AB has signed an agreement with G.A.P Shipping Co Ltd, Barbados, about selling the Ålandsfärjan for EUR 2.6 million. The 1972-built ferry will be handed over in mid-June 2008. On May ...
- DFDS closes Bergen-England service
DFDS Seaways has taken decision to close its service between Bergen-Haugesund-Stavanger and North Shields in England. The route has generates a substantial loss and a change of vessel has not resulted in any change on the financial side ...
- Odense need to cut down costs again
Odense Steel Shipyard will go through another plan to make the shipyard more efficient. After another huge loss in 2007 the shipyard management will again cut down on manpower and go through all processes in the production in order to ...
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| MAY 28, 2008 |
- Government decision 'will paralyse Russian bunker market'
Suppliers say end-of-year ban on single hull tankers puts market in impossible situation.
- Bunker market report from Praxis
- UK: Rocking for emission limits
Politicians to perform at climate change concert calling to include aviation and shipping emissions in new bill.
- Rotterdam bunker market dips
- State refiner moves to help fishing fleets
But bunker players warn that move to help fishing fleets could push up MGO prices for international traffic.
- June launch for Adani's new barge
The Indian supplier says rough seas mean launch date has been pushed back.
- Floating bunker charges boost container line's propects
Analyst says successful BAF negotiations have strengthened NOL's position.
- Avails 'to tighten' in June
Exports will leave less product for Tokyo's bonded bunker market.
- Petrobras 'looking for new bunker tankers'
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