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| MAY 30, 2008 |
Shipping News
- DHL to cut jobs, use UPS services for North America
Seeking to end years of losses at its struggling express delivery business in the US, Deutsche Post, the German mail and logistics group, said on Wednesday that it would cut at least 1,500 jobs in North America and hire its rival, United Parcel Service, for air-cargo services.
- UPS expects US$1b a year from DHL deal
United Parcel Service Inc (UPS), the world's largest package delivery company, said that it expects as much as US$1 billion a year in new revenue as it takes over US air shipments for Deutsche Post AG's unprofitable DHL unit.
- Nations agree to protect Arctic environment after summit
The five nations that ring the Arctic Ocean affirmed on Wednesday their willingness to cooperate to protect its environment, at the end of a day-long ministerial summit in Greenland.
- STX clinches contracts for two bulk carriers
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| MAY 30, 2008 |
- Maersk to reduce capacity N Europe-Morocco (KNSM) service
- Senator Lines doubles capacity on New Med Express
- China trade surplus up 23.9pc in April
- Maersk and Emirates enhance container service to India's west coast
- Guangzhou to inaugurate bonded logistics park in August
- Exports from Canada's old poor regions soar while richer areas lag
- Jiangsu April trade surplus sets new high
- Hong Kong International Airport April cargo volume up 7.3pc
- Cathay raises fuel surcharge June 1 after government gives approval
- Air China starts Beijing-Wuxi service
- China Southern launches Nanning-Qingdao-Dalian route
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| MAY 30, 2008 |
- ONGC likely to reimburse part of offshore service providers' service tax
- RBI increases spread of pre & post-shipment foreign currency credit
- Spices export demand seen hinging on quality
- Apeda announces steps to boost agricultural & processed food exports
- Sports utility, tourist vehicle import norms made more stringent
- AFCONS receives LoI to develop Simar port in Jamnagar
- Gujjars' stir hinders JNP's links to/from North India
- Cargo airline on DRS Group's radar
- Amendments regarding service tax on 'chit' notified
- MoF denies reports of new tax proposals
- R. Radhakrishnan taken aboard JNPT Board
- Adani Logistics commences operations through ICD-Patli in Haryana
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| MAY 29, 2008 |
- Freight specialist K'ttel joins BLS board
- Senator Lines doubles NMX capacity
- US truckers selling trucks, going out of business
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| MAY 29, 2008 |
- Golar's Q1 loss
- STX ponders 20,000 TEU boxship
- DP World's shares "disappointing"
- NITC's "comfortable" VLCC
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| MAY 29, 2008 |
- GulfMark Offshore to acquire Rigdon Marine
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| MAY 29, 2008 |
- Horizon Lines employees take leave in wake of investigation
- Bradwood Landing LLC responds to call for new dEIS
- Seventh graders join goats in Port of Everett cleanup project
- Vancouver, USA port board Oks purchase of new crane
- Roadwork project begins near Portland International Airport
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| MAY 29, 2008 |
- Sakellis quits in fuel price row
MICHALIS Sakellis abruptly quits as Union of Coastal Shipping Companies chairman as lines feel heat of fuel hikes.
- Analysis: Ferry operators hit by high fuel costs
- Szczecin and Gdynia face bankruptcy over aid
BRUSSELS has again threatened to order state aid received by both Polish shipyards to be repaid.
- Hong Kong told to slash charges
STUDY says port could handle 92m teu by 2030 if measures are taken to tackle high THC rates.
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| MAY 29, 2008 |
- DP World reports strong 1Q
INTERNATIONAL ports and terminals operator DP World reported a strong first quarter for this year and "excellent" results for 2007 at its AGM in Dubai today
- Agri-workers plot total seize-up
ALL CATTLE deliveries for meat processing were halted today as the third phase in Argentina's largest agribusiness strike entered its second day
- Golar LNG marks ships for conversion
GOLAR LNG has earmarked a fourth ship for conversion into a floating storage and regasification unit
- Gulfmark snaps up US rival
GULFMARK Marine has snapped up competitor Rigdon Marine in a cash and stock deal that further consolidates the US offshore industry
- Attica axes Rosyth-Zeebrugge run
GREEK operator Attica is ending the Rosyth (Scotland)-Zeebrugge (Belgium) ro-pax ferry service, served by Superfast Ferries, in mid-September, blaming high fuel costs and low passenger numbers.
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| MAY 29, 2008 |
- FMC's Creel says EC review of consortia, VSAs bears watching in United States
Federal Maritime Commissioner says the way the European Commission looks at carrier alliances should be closely watched.
- House panel criticizes TWIC helpdesk issues
- Two employees leave Horizon Lines in wake of Justice probe
- DP World hopes to get into U.S. terminals business
- Weyerhaeuser exploring sale of ocean shipping unit
- ILA's Campbell to lead New Orleans port board
- FMC to meet June 4
- Aker Philadelphia Shipyard gets new chief executive
- Pacer expands Southern California warehouse operations
- Canada, Peru in trade pact
- India port trains disrupted
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| MAY 29, 2008 |
- STX develops world's largest boxship
- EMTA raises its BAF rates
- China now Australia's top trading partner
- Senator doubles up on NMX service
- MSC fills Tasman gap
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| MAY 29, 2008 |
- Safe Bulkers hits market
Hajioannou family's US listing hits the New York Stock Exchange and slips by 2% after pricing at $19.
- Accounting hurt Navios shares
Cantor Fitzgerald analyst says results were discouraging but outlook is still bright.
- Navios sells early
US-listed bulker owner secures early sale of a capesize bulker already set to leave fleet.
- Tidewater pays up
US offshore vessel owner boosts dividend by 67% to $0.25 in its first increase in 12 years.
- Navios wades in deeper
US-listed bulker owner doubles the size of its South American logistics fleet with $72m in purchases.
- Binary Star shines
Akis Tsirigakis-led bulker owner says it has bagged nearly $100m from warrant conversions since it absorbed Star Maritime in November.
- Westwood for sale
US-listed Weyerhaeuser considering "strategic alternatives" for four-ship bulker operation.
- Colombo yard up 22%
Sri Lankan shipbuilder and repairer sees first-quarter net profit rise on soaring sales.
- Navios revenue up
Angeliki Frangou-led bulker owner sees revenue surge, but slipping profits miss Wall Street forecasts.
- Petrobras pushed abroad
Brazilian shipyards' bulging orderbooks will force energy giant overseas for first 12 drillships.
- NCSP up in first
Port of Novorossiysk in Russia pushes up quarterly profits as cargo volumes grow.
- Lasco happy
Latvian products tanker player sees first quarter operating profit rise in tough market
- STX's whopper
Korean shipbuilder claims to have designed a 22,000-teu containership. No, that's not a misprint.
- Another 'no' to LNG
Long Beach in California is latest to deny a terminal for imported 'clean' gas.
- HHI digs deep
Korean shipyard spending $329m on factory to build excavators and other construction gear.
- Cargoship aground
Papua New Guinea officials checking for pollution after Consort Express vessel hits reef.
- Crew blacking threat
Blacklisting fear for seafarers refusing to unload cargo in Scotland in wages dispute.
- Majestic sale begins
US cruiseship group Ambassadors International puts operations on the block.
- Sell to survive?
Hurtigruten considers offloading fast ferry unit and 1990s built cruise ships after first quarter profits slump.
- More for Mipo
Order boom continues for Korean yard as it books deals for two chemical tankers and two con-ros.
- Swap pain for Golar
Oslo-listed LNG carrier company has been pushed to a first quarter loss by financial hits.
- Rosyth route axed
Greek operator Attica closes ro-ro service from Scottish port to Zeebrugge.
- APM upgrades Apapa
Maersk terminal outfit is doubling handling capacity at Nigerian port with more gantry cranes.
- GulfMark buys rival
Futher consolidation in offshore sector as US offshore vessel operator is set to acquire smaller rival.
- Chao signs up owners
Noble and U Ming emerge as cornerstone investors as Wah Kwong launches Hong Kong IPO.
- Horizon suspends six
US container line sends staff on "administrative leave" over Puerto Rico price fixing probe.
- Global's profits vanish
Malaysian tanker owner sees a decline in first quarter performance on lower fleet utilisation and rates.
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| MAY 29, 2008 |
- STX designs 22,000-TEU monster boxship
- Two resign from Horizon Lines amid Justice pricing probe
- Grimaldi to upgrade Europe/West Africa service with new ships
- UPS supplants ABX, Astar in DHL restructuring
- CORRECTION: DHL to partner with UPS
- Fuel prices have Indian airlines rethinking expansion
- SDV, Dnata, Kanoo establish UAE logistics joint venture
- Weyerhaeuser explores alternatives for shipping line, railroads
- Legrand outsources Algeria logistics to Kuehne + Nagel
- Wincanton buys defense logistics company
- Verhage new Global Link president
- FMC reviews 28 OTI license applications
- Pollution plans "center stage" at FMC
- DP World to own 100% of Chennai terminal
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| MAY 29, 2008 |
- Wärtsilä to streamline the handling of spare parts
Wärtsilä has launced a EUR 70 million investment to centralise its warehousing and logistics of spare parts. A new distribution centre will be built in the Netherlands near the company's current service unit. The intention is to outsource logistics and ...
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| MAY 29, 2008 |
- US oil inventories fall against predictions
But markets ignore bullish report to post big one-day fall.
- Explosion at major Russian fuel oil producer
Officials say fuel output at plant near St. Petersburg will not be affected after deadly blast.
- Global bunker market report
- Rotterdam market quiet
- Chemoil opens office in Greece
New location providing 'synergies', company saying.
- Singapore: Residual fuel stocks continue to fall
Fuel oil inventories dip on increased demand for marine fuels.
- New trader for Dan-Bunkering
Additional staff for Middelfart office.
- Indian refiner offers 180 cst cargo for June loading
Offer made amid background of surging bunker prices and slow Chinese demand, traders say.
- Reduction of emissions in shipping 'manageable'
Industry expert says it is vital that the shipping sector addresses climate change.
- Maersk repeats backing for slow steaming
Cutting speed lowers CO2 emissions and reduces bunker consumption.
- Bunker industry heading to 'all distillate world'
SustainableShipping Forum told that ship operators face higher costs at a time when income streams 'may well be drying up'.
- IOC's marine sales up 12%
But Indian refiner posted a net loss of $96.86 million in the quarter ended March 2008.
- SMP sees no short-term alternative to carbon-based fuels
Head of Shell Marine Products calls for 'aggressive fuel savings measures'.
- Liners wary of new bunkering procedures
Any regulations that bring delays would be the 'last straw', says liner operations manager.
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