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| AUGUST 29, 2008 |
Shipping News
- TUI's Hapag-Lloyd sale runs into choppy waters
Germany's TUI is caught between a rock and a hard place as it tries to sell its Hapag-Lloyd shipping container unit as a sector downturn looms.
- Approaching storm pushes up Caribbean tanker rates
The cost to transport crude oil from the Caribbean on Aframax tankers rose 32 per cent amid speculation that the forecast entry of Tropical Storm Gustav into the Gulf of Mexico will delay shipping.
- Containers push NZ Tauranga port's profit up 7%
Port of Tauranga, New Zealand's biggest export port, said full-year profit rose 7 per cent amid increased container handling and log exports.
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| AUGUST 29, 2008 |
- Cosco Holdings first half profit up 109pc to US$2.2 billion
- Maersk first half profit rises 40pc to US$2.4 billion
- Evergreen's NUE pendulum cuts Thamesport, LA eastbound
- CSCL launches container service to Thailand, Vietnam
- TUI not expected to get good price for Hapag-Lloyd
- New Zealand's Port of Tauranga to enlarge box area
- TNT Express opens Hanoi operations centre
- Dragonair appoints new general manager of operations
- SAS faces lawsuits from IKEA and others over price-fixing scam
- Dachser consolidates air, sea freight activities in Switzerland
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| AUGUST 29, 2008 |
- NYK Line upgrades IndAmEx service with own vessel
- Mercator Lines going in for Indonesian coal mine
- SCI & ONGC revive MoU to form JV for providing offshore services
- Great Offshore plans to acquire deep-water assets
- US, EU may slap 'carbon tax' on growing nations' exports
- Dedicated 13-km oil pipeline linking New Mangalore Port to SEZ on cards
- Undue delay in land clearance bogs down RIL's Rewas port project
- Spadework for MbPT's OCT project begins
- Punj Lloyd fancies LNG terminal project in Singapore
- Nashik's ICD-Halcon kickstarted with M&M's 25-box cargo getting Customs-cleared
- Letter to the Editor
- Blue Dart Express conferred 'Business Superbrand' status
- CoS toying with stiffer export duty to deter iron ore exports
- Fall in oil prices unlikely to muzzle inflation-Moody's
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| AUGUST 28, 2008 |
- Dubai Ports World rakes in the cash
- Hedland port to expand further
- Capesize order for Hanjin Heavy
- 'K' Line launches Amazon feeder
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| AUGUST 28, 2008 |
- Management changes at Matson
- FFG 56 contract for Atlantic Marine Mayport
- Canada to double reach of Arctic shipping regs
- S&P lowers Teekay ratings
- Austal USA promotes Caccivio
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| AUGUST 28, 2008 |
- Coast Guard set to enforce large cargo vessel response plans
- "K" Line adding service calling US East Coast/Amazon
- Port of Anacortes marina earns Clean Marina designation
- Port of Bremerton holds first citizen committee meeting
- Port group taps Anchorage as annual convention location
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- New pact throws off Hong Kong LNG terminal plan
THE terminal may not be needed as the HK and China have inked a deal to continue gas supplies from the South China Sea.
- Soko Islands cleared as location for gas terminal
- HHIC bags two more capesize bulker deals
ORDER from Germany's MPC is valued at $198m and the pair will be delivered by February 2011.
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| AUGUST 28, 2008 |
- Harris retires as Clarkson's unveils shuffle
Tim HarrisTIM HARRIS has retired as chairman of Clarkson's, London's listed shipbroking giant, after settlements of its disputes with Sovcomflot and Novoship cost the company £21M ($38M)
- Punta Colonet bids starting
BIDDING is finally beginning today on a proposed $4Bn box port at Punta Colonet on Mexico's Baja Peninsula
- Turkish yard reopened after fixes
RMK'S shipyard in Istanbul's Tuzla Bay has reopened after a three-day suspension, during which Turkey's labour ministry inspectors ordered yard workers to "fix its deficiencies"
- DPW reports booming results
UAE-BASED terminal operator DP World today reported strong consolidated half-year results
- Croatia to sell its six shipyards
CROATIA has announced that its six government-owned shipyards will be sold before 2009
- China Shipping sells ageing vessels
CHINA Shipping Lines has announced a drawdown of its inventory of ageing vessels to 'buffer' it against rising operational costs
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| AUGUST 28, 2008 |
- Federal Maritime Commission reviewing US-Aus.-Oceania discussion agreements
Commission's Section 15 probe looking at how liners' business activity has affected competition, rates and service.
- LA port: 4,000 trucks commit to concessions program
- US importer seeks damages from Chinese NVO
- IANA backs trucks suit
- Baltimore gets export call
- New box ship for Fesco
- Houston moves on Bayport cranes, terminal site study
- Va. county fights Norfolk Southern intermodal site
- Mercedes-Benz breaks ground on Brunswick center
- Alliance adds Med call
- YML sets Iraq shuttle
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| AUGUST 28, 2008 |
- K Line feeds for the Amazon
- China COSCO H1 profits soar: but warning on 'costs challenge'
- ICTSI get official handover to Philippines box terminal
- Grand Alliance adds Valencia call
- Rotterdam gets going on Maasvlakte 2
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| AUGUST 28, 2008 |
- Limited discussion
Seadrill says it has had talks with Pride International after taking a stake in the US rival.
- Production threat
Tropical Storm Gustav churns toward the Gulf of Mexico, leading to offshore industry evacuations.
- Yard gets OK
The Rio Grande port authority gives green light for Wilson Sons to build a new shipyard in southern Brazil.
- Teekay rating cut
Standard & Poor's says it is crucial for the Vancouver-based tanker owner to reduce its financial risk.
- FOP places FPSO
Norwegian owner lines up work offshore Gabon worth $29m annually year for five years.
- Box gains
Taiwan's Yang Ming adds 10% to last year's first-half profit as revenue rises.
- 'Save our flag'
Liberian opposition party urges government to reassure shipowners over stability of registry amid corruption allegations.
- Whale of a study
Texas A&M-led study finds seismic surveys in the Gulf of Mexico have minimal impact on sperm whales.
- Kleven overseas?
Norwegian offshore shipbuilder contemplating international move after taking over third Norwegian yard, MD says.
- Harris steps down
Clarkson's chairman steps down with immediate effect while London broker unveils first-half loss.
- DOF does business
Norwegian supply ship and subsea player posts strong first-half profit growth as revenue soars.
- DP doubles up
New terminals, higher revenues and increased volumes send first-half profit soaring at DP World.
- Clarkson sees red
Pay-off to Russian claimants hurts broker in first half as it makes loss despite strong operational performance.
- Goldenport rises
Paris Dragnis-led bulker and boxship owner boosted by ship sales in first half while dry-bulk market booms.
- Baja bidding
Mexican government to open tender to build new $4bn container port south of Tijuana.
- Terminal decline
Slump in property prices chop first-half profit at Forth Ports as Ocean Terminal sheds '7.5m in value.
- Vinalines doubles
Pre-tax profit up more than 100% at Vietnamese bulker owner in first six months.
- Hanjin adds one
Unnamed Asian owner paying $100m for 2011 capesize bulker delivery slot in Korea.
- Heavy profit
Oslo-listed Dockwise turns around 2007's six-month loss in busier heavy-lift arena.
- Feeding Brazil
Japan's K Line teams up with Bringer Lines to run ships to Amazon region from US.
- ITC declines
For-ex losses take bite out of bottom line at new Frontline VLCC and suezmax unit.
- Globus surges
George Karageorgiou-led bulker outfit benefits from more ships and better rates.
- NYK adds to IEX
Japanese liner company is putting tonnage into India-US service in place of slot-charter.
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| AUGUST 28, 2008 |
- A.P. Moller - Maersk upgrades outlook despite container fears
- Grand Alliance adds Valencia to Asia/Med service
- "K" Line, Bringer to start U.S./Amazon feeder
- Maersk Line adds tanker to fleet
- DACHSER consolidates sea freight activities
- Yang Ming adding second Dubai/Iraq link
- ABS promotes Matsumoto to Japan manager
- United Airlines drops Manchester cargo service
- cargo counts to become part of Lufthansa Cargo
- British Airways World Cargo to lower fuel charge again
- FedEx launches domestic Mexico service
- CN reaches deal with Joliet on EJ&E purchase, hearing rumbles
- CBP moves forward on trade facilitation strategy
- U.S. revises 2nd quarter growth to 3.3%
- Ozburn-Hessey Logistics partners with Container Centralen
- CargoWise appoints Todd
- Exports continue to climb at California ports in July
- New West Coast waterfront contract heads to rank-and-file
- DP World reports doubling in profits
- Port of Tauranga sees strong profit, volume gains
- ICTSI unit handed Mindanao terminal
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| AUGUST 28, 2008 |
- Maersk offer to acquire Broström
Through its Swedish subsidiary, Maersk Product Tankers, A.P. Møller-Mærsk has announced a cash offer for all shares in the Stockholm-listed Swedish product tanker owner and operator Broström. The owners of all A shares have agreed to sell all ...
- DFDS to lengthen three ro-ro vessels
DFDS has signed a contract with MWB Motorenwerke Bremerhaven AG to lengthen the ro-ro vessels Tor Begonia, Tor Freesia and Tor Ficaria 30 metres. The conversions will take place in 2009 and will increase DFDS's North Sea freight capacity ...
- Wärtsilä's acquisition of Vik-Sandvik closed
Wärtsilä has taken over the ship design group Vik-Sandvik. The acquisition consists mainly of Vik-Sandvik's Norwegian companies Vik-Sandvik AS, Vik-Sandvik Marine Services AS and Skipkonsulent AS. The deal was closed after Wärtsilä received the relevant regulatory ...
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| AUGUST 28, 2008 |
- Petrojam Jamaica suspends operations
Tropical Storm Gustav heads toward Jamaica, employees evacuate.
- Global bunker market report
- Tightening market underpins price gains
Europe feels the impact of fuel oil arbitrage exports.
- Consultation starts on ship-source pollution laws
UK legislation package proposed to enforce EU Directive calling for penalties for polluters.
- ARA - some suppliers fully booked until 2nd September
- South Korea undercuts Singapore
Weak Chinese fuel oil demand leaves ample product for Busan's bunker market.
- Singapore, HK bunker prices back above $700
Avails of 380 cst product at both ports reported to be tight.
- Continued growth for Vopak
Strategically placed port facilities handling increased marine transport of oil and liquid chemicals.
- Singapore residual fuel stocks show new falls
Middle distillate stocks, too fell from week-ago level.
- Oil prices 'to stay high' through to 2013
IEA head says prices will stay high as spare oil capacity will tighten.
- Titan receives $110m order
The company is also in talks with more potential shipyard partners.
- Maersk sees 40% rise in profit
But high bunker prices adding to 'severe pressure' on container business profitability.
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