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| JULY 29, 2008 |
Shipping News
- Goldman downgrades China Cosco
China Cosco Holdings Co, the world's largest operator of iron-ore and coal ships, and STX Pan Ocean Co were downgraded by Goldman Sachs Group Inc on concerns that rates will fall as more vessels enter service.
- DP World to invest A$250m in Brisbane port
Dubai Ports (DP) World of the United Arab Emirates (UAE), one of the world's largest marine terminal operators, announced on Saturday it is looking at investing A$250 million (S$325 million) in the Port of Brisbane, Australia in response to market demand.
- TNT Q2 profits fall 16% on slowing economy
TNT NV, Europe's No 2 express-delivery company, said second-quarter profit fell 16 per cent as slowing economies and high fuel prices prompted customers to switch to cheaper delivery options and the strong euro hurt earnings.
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| JULY 29, 2008 |
- Prince Rupert Port rising, bucking west coast declines
- Portland, Maine's container facility future uncertain
- Euro MPs demand stricter limits on polluting vehicle emissions
- Georgian Ports Authority welcomes US Commerce Secretary Carlos Gutierrez
- ICTSI unit at Guayaquil Port receives 3,630-TEU vessel
- Houston spends US$10 million on eco-upgrade of container terminal
- Kuehne + Nagel sets up own offices Greece under brand name
- Panama Canal and South Carolina ports renew alliance
- Freight Feeder's FF5000 claims 44pc less fuel burn than rival turboprops
- AA cargo service boosted by GSA message link
- Canadian air cargo business calls for support in remote New Brunswick town
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| JULY 29, 2008 |
- HK's Great Ocean Container Line to launch Asia-Europe service in Q4
- AADA to raise bunker surcharge from Aug. 8
- Hamburg Süd joins Chile's CCNI on Manzanillo to Lazaro Cardenas service
- Zim to dock at new western berth of Kingston CT
- APL's June box volumes & revenue up by 13 pc
- Golden Dragon to utilise boxships of CMA CGM
- OOCL's Long Beach CT wins Clean Air Excellence Award
- Maersk Line sees container shipping growing at rate of 7-8 pc this year
- Odense shipyard to deliver 1st of six 7,000-TEU ships to Maersk Line
- Maersk Line turns to Yiwu International Logistics Centre for transhipments
- Gdansk CT wins Golden Giraffe & Amber Duck awards
- APM Terminals to jointly build 2nd terminal in Vietnam
- MOL's Africa service calls at Shenzhen's terminal
- Costa Container Lines joins INTTRA's expanding network of carriers
- Seasoned executive comes aboard
- Revisiting the Hague-Visby Rules on duplicate B/Ls
- Shipbuilding yard clusters near ports next on Gujarat govt's agenda
- Increased demand for tankers' in Aug. pushes up hiring rates
- Port-based SEZs now on investors' radar
- Coffee loading record set at Kalamassery CFS
- Crude oil production down by 4.6 pc in June 2008
- ICRIER's financial inclusion index places India below Kenya, Morocco
- Forex calculation norms for EOUs relaxed
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| JULY 29, 2008 |
- Russian railway president confirmed in office
- High-tech container gantry cranes for HHLA's Burchardkai
- Lufthansa Cargo not yet affected
- A boost for inland shipping to/from Rotterdam
- University of St Gallen logistics management event, 16 September
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| JULY 28, 2008 |
- Al-Salam acquittals
- Coral Sea trial's "fatal flaws"
- Panamanian vehicle carrier refloated
- Rieber's new company
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| JULY 28, 2008 |
- Donjon expands tug fleet
- Keppel Singmarine to build multipurpose pipelay vessel
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| JULY 28, 2008 |
- Emergency exercise set for Sea-Tac Airport's third runway
- Port of Tacoma names Rozmyn stormwater project manager
- Sand sculpture contest set for Bellingham sidewalks
- Commerce Department finds US exports at trade surplus
- Port of Olympia to begin Cascade Pole site cap project
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| JULY 28, 2008 |
- Vessel's manager says safety permits were 'in place'
DOCUMENTS were in order for repair work onboard the Friendshipgas, which blew up, killing eight.
- Demands for Greek safety probe after LPG carrier blast kills eight
- Asia-North Europe box volumes shrink
FIGURES show cargo volumes from Asia to northern Europe fell in June, the first recorded since 2001.
- Five acquitted over Al Salam sinking
BUT master of sister-ship Saint Catherine sentenced to six months imprisonment.
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| JULY 28, 2008 |
- Red Sea ferry owner acquitted
THE OWNER of ferry operator El Salam Maritime Transport, Mamdouh Ismail, has been found not guilty of manslaughter by an Egyptian criminal court
- Scots ferry face-lift urged
A SCOTTISH economic think tank has urged a '200M ($397M) face-lift for the country's ferry services and terminals in the next decade
- US driving cuts hit gas imports
AMERICANS are reacting to higher gasoline prices by driving far less ' a trend that is cutting down tanker imports
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| JULY 28, 2008 |
- ILWU, PMA close to reaching new pact
Union, employers are close to reaching agreement on a new waterfront contract at West Coast ports, says ILWU spokesman.
- UPDATED: ILWU, PMA reach agreement on contract
- TSA hikes inland charges
- Rail industry gears up lobbying for infrastructure
- Motor carriers sue to block port trucks plan
- TWIC enforcement expanded
- Customs delays ACE manifests six months
- Container volume flat at Pacific Northwest ports
- Ballast water bill urged
- Horizon Lines net falls
- Port of Savannah exports top 1 million TEUs
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| JULY 28, 2008 |
- FEFC June westbound in negative territory
- DP World invests at Brisbane
- Antwerp boxes up 10% in H1 helped by French strikes
- Contargo calls for discipline from ECT shippers
- Hapag-Lloyd becomes AEO accredited
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| JULY 28, 2008 |
- Box profits grow
Containership profits at John Coustas-led Danaos rise despite softness in key markets, but overall profits drop without bulker fleet.
- Amer sells ten
Ravi Mehrotra cools on the reefer market with bigger than expected sale to Seatrade.
- Nuke hauler order
Fincantieri nabs contract to build a ship designed to carry Russian nuclear waste.
- Another stab
California regulators adopt rules demanding low-sulphur fuels near the state's coast, despite courtroom defeats.
- Lawsuits pile up
Horizon Lines says 35 class action lawsuits have been filed against the US containership operator and others.
- Piraeus ship crash
Italian master arrested after Pulmantur and Louis cruiseships collide in busy Greek port.
- Bulk to strengthen
US analyst ups second-half estimates as dry-bulk charter rates are expected to 'strengthen significantly'.
- Royal gets paid
Royal Caribbean says it will bank $18m from a water treatment company over a 1994 outbreak on Celebrity Cruises' Horizon.
- Rieber on watch
Steve Rong-led owner fires $25m and a research vessel into oil and gas field monitoring and technology unit.
- Bharati shines
Indian shipbuilder produces stellar performance in the first quarter as profit jumps by third.
- It's a fix
Oil trader takes two Tsakos newbuildings on short-term charters as owner looks to reposition vessels for European spot gains.
- Matson profits slip
Falling container volume leads to 4% drop in operating profits at Alexander & Baldwin's containership arm.
- Kerch crash
Turkish-managed ship damaged after it reportedly struck sunken vessel in Kerch Strait.
- Evergreen bribery
Los Angeles city commissioner faces jail following corruption conviction for offering shipping company favours.
- Dutch refloat
Salvor Multraship frees car carrier Grand Dubai, which grounded in River Scheldt.
- Spill off San Fran
SCI-owned aframax suffers engine malfunction off California with all leaked fuel oil recovered.
- Iranian support
Shipping chief Mohammad Saeif says new fund will help development of domestic owners.
- Donjon adds one
US group buys rebuilt tug from Foss Maritime unit for an undisclosed sum.
- Safe passage
Post panamax cranes arrive at Felixstowe without drama of previous delivery.
- Owner cleared
Acquittal of Egypt's Mamduh Ismail over sinking of Al-Salam ferry sparks angry scenes outside court.
- 'Sevanth' heaven
Stock in Oslo-listed FPSO player on the rise flowing glowing outlook and impending contracts.
- Oz port Sheikh up
DP World will plough $240m into development after signing 40-year deal at Australian container port.
- Mile-high pub
Drunk Norwegian ship's officer handcuffed after allegedly becoming aggressive on KLM flight.
- On the prowl
Dubai tanker owner Gulf Navigation targeting newbuildings and takeovers as six-month profit grows.
- Shreyas sells more
Indian owner clears out another 1980s built vessel in $7.68m move.
- Port punt
Cosco Pacific betting on opening up of routes between China and Taiwan by taking stake in Fuzhou port.
- Roman in pole
Russian billionaire could be set to acquire famous Polish shipyard through his takeover of its owner, Ukraine's Donbas.
- SCI starts fast
Indian government-owned shipping giant posts large gain in sales and profit in first quarter.
- Bulker brouhaha
Greenpeace activists spring daring paint-based protest on bulkers waiting to load coal in Australia.
- Less for Limarko
Lithuanian reefer player sees first-half earnings dip despite revenues moving up.
- Restis back again
Greek family now holds over a third of Seanergy after buying extra 3.78m shares.
- Chin up Chuck
US anti-trust probe hits Horizon Lines' profit amid falling full-year expectations, but second quarter results beat forecasts.
- Keppel inks one
Singapore shipbuilder to build multi-purpose heavylift/pipelay vessel for Romanians.
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| JULY 28, 2008 |
- Horizon: second quarter earnings hit by antitrust expenses
- A&B profits dip as Matson container volumes fall
- New feeder service makes first Halifax call
- Hub reports 9% increase in earnings
- Roberts named president of Sterling Transportation
- ACE ocean, rail manifest faces delay
- GAO: Better AD/CV duty collection unlikely through trade deals
- India-Sri Lanka trade agreement delayed
- EU to remove preferential tariff status for Vietnamese footwear in 2009
- ICICI Bank in India gets nod from Ex-Im Bank
- Australian coal facing constraints for next five years
- U.S. Congress passes Burma sanctions
- U.S. soybean shippers praise latest Roundup Ready 2 approvals
- Containers slowed in Canada by formaldehyde inspections
- New Orleans port official urges faster oil spill clean up
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| JULY 28, 2008 |
- Krystallon welcomes US MARPOL ratification
Says it opens the door for scrubbing technology in future US emission control areas.
- Californian rules a setback for abatement technology
No room for alternative emission reduction methods that would be allowed under international regulations.
- Strong dry bulk rates boost NYK and MOL
Japan's two largest shipping lines report strong quarterly results, despite the rise in bunker prices.
- Asian bunker demand 'to stay strong'
Analysts say fuel oil market being squeezed by growing demand and threats to supply.
- New Projects & Operations Manager named at Jiskoot
- Possible cause found for 'catastrophic corrosion'
Viswa Lab has investigated several cases of unexplained fuel pump damage on vessels bunkering in one single port.
- New spill in San Francisco Bay
Boom placed around tanker as 'precautionary measure'.
- Singapore bunkers begin week firm
Bunker prices in Hong Kong and Busan also climbing.
- Rotterdam market stable
- Titan shipyard doubles building capacity
Operation of second slipway increases production efficiently at the Chinese yard.
- Indian liner offsets bunker costs
Net profit up on higher freight rates and vessel utilisation.
- Delay in Philippine salvage works
Removal of bunkers and pesticide from sunken ferry may be delayed for up to five weeks.
- Malaysia to investigate freight rates
Shipowner Association warns against seeing ocean-shipping costs in isolation following claims of overcharging.
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