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| DECEMBER 29, 2008 |
Shipping News
- China stimulus good news for bulk liners
The four trillion yuan (S$844.8 billion) Chinese stimulus package is likely to be a boost for the world's battered bulk shipping companies, but only if they survive long enough for the country's planned infrastructure projects to get rolling.
- Korea bank to delay Daewoo sale
Korea Development Bank (KDB) may delay signing a contract for the sale of a controlling stake in Daewoo Shipbuilding & Marine Engineering Co if buyer Hanwha Group provides fundraising details.
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| DECEMBER 29, 2008 |
- Hutchison pulls out of Thessaloniki deal after winning bid
- Truckers and dockers threaten to close British Columbia ports
- Cosco Pacific picks Cosco Holdings CFO He Jiale as executive director
- Ryder buys Canada-HK Transpacific Container Terminal, CRSA Logistics
- Port Klang free zone investment up, but occupancy only 18pc
- India to extend US$2.1 billion to finance ship purchases
- Geodis signs for IBM global logistics, wins 'world's biggest logistics contract'
- St Petersburg Greater Seaport extends administrative reach
- AirBridgeCargo Airlines ups sales 55pc in first 11 months
- FedEx cutbacks to save US$200 billion in 2009
- Ecologist seeks voice for African farmers on airfreight emissions
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| DECEMBER 29, 2008 |
- Evergreen launches joint Arabian Express Service with Sea Consortium
- Banks reluctance to advance funds hits shipping lines
- Rock bottom freight rates can't continue after Jan., says TSA
- ABG hopes oil rig business will raise profit by 25 pc in 2008-09
- $ 25-m Exim Bank aid for Madagascar
- Truckloads of Pak goods enter J&K
- Tea exports set to meet target
- Coffee exports earn 26 pc more in 2008
- Chinese demand boosts iron ore exports in Nov.
- Navayuga to build Rs 6,000-cr. deep water port in Orissa
- Dock workers seek 5-year wage agreement
- Maruti cars despatched to Mundra Port through rail
- 51st annual day of KPKS celebrated
- HMS-affiliated union welcomes new Kandla Port Chairman
- Centre approves elevated road from Chennai Port to Maduravoyal
- Gujarat invites cos to develop airport at Dwarka
- Railways to allow private players to develop tracks
- Banks not liable to pay interest on export subsidy, rules SC
- Export target may be missed by 5-10 pc
- Inflation dips further
- Sops likely for exports, housing sectors in 2nd stimulus package
- CCEA grants Rs 350 cr. to provide higher ECGC risk cover to MSME exporters
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| DECEMBER 24, 2008 |
- ExxonMobil to pay $6.1m for spill
- Japan may send warships to Gulf of Aden
- ClassNK passes 160m gt mark
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| DECEMBER 28, 2008 |
- Hebai Two protestors call for boycott
- KDB gives Hanwha more time on DSME deal
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| DECEMBER 26, 2008 |
- US Rail freight traffic heads down during week
- Hanjin Shipping changing US/Med/Middle East/India run
- NYK vessel captain earns Croatian bravery award
- Preliminary data shows US steel imports down
- Two board members leave Horizon Lines Inc.
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| DECEMBER 24, 2008 |
- Billy closes Oz iron operations
CYCLONE Billy has intensified to a category-three storm with 165kmh winds, causing Western Australian iron ore ports to suspend operations
- LA-LB halts Saturday box hauling
DWINDLING volumes at Long Beach and Los Angeles have led to the suspension of Saturday cargo hauling to and from box terminals
- Vancouver strike threat looms
CANADA'S West Coast ports face disruptions in early 2009 if threatened strikes by longshore foremen and truckers proceed
- Chennai boxes pile up
CONTAINER traffic to and from the port of Chennai on India's East Coast has come to a standstill in the wake of an "indefinite" strike by truck drivers
- Beijing to build Taiwan-facing port
CHINA is to build a major port to face Taiwan in Chaozhou, in the first big scheme seeking to capitalise on cross-strait routes that reopened last week after a half-century of estrangement
- Varna varnishes turnover 57%
BULGARIA'S Varna has reported turnover for 2008 that is 57% up on last year and amounts to 50M leva ($35.8M)
- Polish president to sign yard bill
POLISH President Lech Kaczynski will be signing a bill today after all to enable workers from the Gdynia and Szczecin yards to claim compensation arising from the sell-off of the facilties
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| DECEMBER 24, 2008 |
- New US-Med-India service
- US investigation hits Chinese export subsidies
- BBI sells Euro ports stake
- Truck strike at Chennai
- HPH drops Greek port bid
- Ryder in Canada buy
- Asia air cargo down
- Kintetsu buys Thai firm
- Japan, Vietnam in FTA
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| DECEMBER 24, 2008 |
- CSCL/Hanjin/K Line and Yang Ming to start RES
- US seeks WTO consultation on Chinese brands
- Hanjin and UASC revamp their US/Middle East/India operations
- OTAL provides seasonal cheer
- UASC adds another ship to AEC2 service
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| DECEMBER 24, 2008 |
- CSAV eyes $130m
Chilean liner operator says it will ask shareholders for more cash after first attempt came up short.
- Going deeper
Raspino-led rig and drillship owner Pride International plans spin-off to keep deepwater focus.
- Sveaas attacks
Norwegian investor wants boardroom seats to turn around Trico Marine, which "missed the boom" and "lost investor confidence".
- No to NEMI
US underwriter pulls out of deal to buy Norwegian marine insurer from troubled Icelandic group.
- HPH gets Ceres
NYK sells majority stake in two Amsterdam terminals to Hutchison Port Holdings.
- More red ink
Insurer NYMagic reveals another month of losses in its investment portfolio.
- Dreyfus pounces
Louis Dreyfus Offshore snaps up nearly a quarter of Fairstar Heavy Transport in $5.48m move.
- Christmas cash
Royal Caribbean secures $680m loan for last of Meyer Werft Solstice newbuildings.
- Red run
K Line teams up with Hanjin, Yang Ming and China Shipping on new Far East to Red Sea route.
- UAE to buy Bijela
Abu Dhabi Ship Building makes only bid for soon to be privatised Montenegro yard.
- SembCorp settles
Yard ends year-long dispute with BNP Paribas with $30m payment.
- ICG back in play
Joint bid for Irish ferry group expected after takeover panel decides against concert party hearing.
- Note to Santa
China Shipbuilding Industry Corporation is looking for $438.79m Christmas bonus with notes issue.
- Greek deal dead
Billionaire Li Ka-Shing and partners ditch $4.94bn offer for control of container terminals at Thessaloniki.
- Singapore slides
Container volumes through the Lion Republic fall for the first time in seven years.
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| DECEMBER 26, 2008 |
- UASC, Hanjin replace two suspended services with one
- NYK names new president
- Containership charter rates in the doldrums
- CKYH starts Far East-Red Sea service
- U.S. vessel tracking system opens next week
- Judge extends U.S. ballast water deadline
- FedEx pushes out 777 deliveries
- AirBridge revenue up 55 percent
- STB approves CN's EJ&E purchase
- Ryder completes acquisition of two Canadian logistics firms
- BIS, minority business team up on export compliance
- USDA amends meat import rules for U.K.'s Surrey County
- FMC reviews 23 OTI license applications
- Charleston seeks to keep Maersk at port
- PierPASS suspends off-peak shifts on Saturdays
- N.Y. commission looks at public-private partnerships
- Andrews heads Europe/Middle East region for ICTSI
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| DECEMBER 26, 2008 |
- Biofuel research to 'demonstrate feasibility'
Project receives funding to help meet EU targets.
- 2009: 'no fuel supplements' and 'fuel efficient vessels'
Industry representative predicts future shape of cruise ships.
- Bunkers end week lower
Very little activity in the Asian markets but tight avails in Singapore.
- Supplies resume in Indian ports
Meanwhile, Adani's new barge has boosted sales in November.
- Japan goes hybrid to help fishing industry
Hybrid fishing trawler uses up to a third less fuel than conventional boats.
- Traders warn of tight avails in January
Japanese refiners to extend cuts to January.
- Chimbusco unveils 'management system'
New system will seek to avoid operational risk and provide buyers with better service.
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