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13 August 2020 The on-line newspaper devoted to the world of transports 01:34 GMT+2

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The Business Timesweb site
JANUARY 31, 2008
Shipping News
  • Ship classifiers raided by competition watchdogs
    Five European ship classification societies have been raided by European competition watchdogs on suspicion of anti-competitive collusion through a sector cooperation body, Norwegian classifier DNV said yesterday.
  • Plans to blast new ship channel on Yangtze
    Chinese engineers are planning to blast rock reefs at the Three Gorges reservoir on the upper Yangtze River to open up a new channel to allow heavy ships to sail directly into Chongqing.
  • Excel to buy larger rival for US$2.4b
    Excel Maritime Carriers Ltd agreed to buy larger rival Quintana Maritime Ltd for US$2.45 billion, including debt, to more than triple its fleet size, which carries commodities including ore and coal.
Strait Talk
  • Getting around the ENC dilemma
    LAST week, executives from electronic chart company Jeppesen Marine took part in a Norwegian press day at the Baltic Exchange in London.

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Sched Netweb site
JANUARY 31, 2008
  • PSA International, IPH, GIP in Argentine port development JV
  • East coast Boston box volume up 10pc vis-a-vis west coast slump
  • China Maritime 2008 exhibition to be held in Hong Kong March 12-14
  • MOL, JFE develop corrosion-resistant steel plate for cargo tanks
  • Liaoning sea port box volume up 22.6pc in 2007
  • NileDutch opens own office in Singapore for West Africa trade
  • Hamburg Sud to add a southbound call at Valencia
  • DHL Express, Lufthansa Cargo name air cargo JV 'AeroLogic'
  • Dubai Logistics City eyes India's US$150 billion cargo market
  • Japan's ANA extends ACMI agreement with ABX Air

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International Transport Journalweb site
JANUARY 31, 2008
  • Schindler joins Intermarine
  • Broekman group re-organised
  • Moller-Maersk and H'egh to extend cooperation
  • Qatar Airways to serve Guangzhou
  • LAN reports higher income but lower operating margin
  • World Air Cargo Event, Bahrain, 12-14 February

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Maritime Global Netweb site
JANUARY 30, 2008
  • IUMI doubts over new Chinese yards
  • Fewer transits of Panama Canal
  • K Line's 10-year charter
  • MOL's new steel
  • Richard Simpson dies

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Marine Logweb site
JANUARY 30, 2008
  • EC antitrust inspectors raid classification societies
  • BC Ferries to sell four veteran vessels
  • A.P. Moller-Maersk takes stake in Hoegh Autoliners
  • Turkish-built tug set to sail to Santo Domingo

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World Wide Shipperweb site
JANUARY 30, 2008
  • Greenbrier buying assets of American Allied Railway Company
  • Bellingham International Airport becomes 'home' for Allegiant Air
  • Rail project construction closes Vancouver, USA street
  • Foss teaming with Signet in vessel leasing arrangement
  • Coast Guard looking for towing safety board members

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Lloyd's Listweb site
JANUARY 30, 2008
  • Maersk buys Höegh Autoliners stake
    DEAL will boost Maersk's position in the deepsea car trade while Höegh Autoliners will gain 18 vessels.
  • Web booking for Maersk
  • Insurers fear shipping is buckling under demand
    STARTLING surge in shipping losses raises alarm over strain on global fleet and seafarers.
  • Baltic capesize index sees record one-day hike
    INDEX jumps 1,108 points today on news of BHP Billiton-Baosteel deal and rise in Pacific period interest.

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Fairplayweb site
JANUARY 30, 2008
  • Møller swaps ships for stake in Höegh
    AP Møller-Maersk (APM) has sold its 18 pure car and truck carriers (PCTCs) to the Oslo-based car carrier company Höegh Autoliners against a 37.5% stake in the company
  • Charter rates head for new highs
    LAST week's stock market collapse and the growing unease about the slowing US economy have not shattered confidence in the container ship charter market
  • Vietnam to build ship engines
    VINASHIN has announced that it intends to produce its own ship engines
  • HCI enjoys equity boost
    KG house HCI Capital has posted a 56% increase in ship equity placings for 2007, propelled by strong demand from corporate investors
  • Gard P&I Club sues government
    GARD, the Norwegian P&I club, has sued the Norwegian government over the sinking of the bulk carrier Rocknes in 2004
  • Dredging close to capacity crisis
    SOME port development and expansion projects could be stopped dead within the next few years because of a lack of dredging capacity, says a key industry figure
  • RCCL bogged down by fuel
  • Lines to raise MidEast-Europe rates
  • Insurers panic as claims leap
  • Japanese line wins Korean charter
  • Security guides cruise itineraries
  • Eitzen pulls out of Norgas pool
  • Navy finds lost Explorer
  • Korean ports post record gains

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The Journal of Commerceweb site
JANUARY 30, 2008
  • Maersk takes stake in Hoegh Autoliners
    Hoegh Autoliners will acquire 18 car carriers from A.P. Moller-Maersk, operate the combined fleet of about 67 vessels.
  • Charleston boxes decline
  • Nova Scotia container terminal completes financing
  • Int'l. lifts UPS revenue
  • Corallo named president of PIERS Global Intelligence Solutions
  • Panama Canal transits off
  • Summit Global Logistics going private in buyout
  • EU trustbusters raid ship classification societies
  • AMTAC links currency reform to economic stimulation
  • Northrop Grumman agrees to fine for export violations
  • Report criticizes response in Cosco Busan incident

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Containerisation Internationalweb site
JANUARY 30, 2008
  • Overworked vessels the 'main culprit' as total losses soar by 20%
  • NYK's financials look good
  • Emirates acquires slots on North China India Express Service
  • Long Beach to help fund green yard crane initiative
  • Port of Cork boxes up 8% in 2007

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TradeWindsweb site
JANUARY 30, 2008
  • Quadragenarian queens for sale
    Canada's BC Ferries is selling off four of its aging vessels after bringing newer ships into the fleet.
  • Firm takes DHT stake
    Shipping-friendly investment firm Kayne Anderson Capital Advisors reports 6.7% share of Double Hull Tankers.
  • CEOs see strong market
    A quartet of US-listed owner executives give a bullish view on the dry-bulk market as fundamentals and stock prices don't match up.
  • Tanker fire hurts four
    At least four people are hurt when an explosion ignites a fire on aboard a military-owned products tanker off Peru.
  • US slowdown hits Panama Canal
    Traffic volumes fall in final quarter of 2007 as high oil prices and the US economic slowdown take affect.
  • Bulk shipping on fire
    Bulker owner stocks soar in early-afternoon trading after a miner signs a deal with a Baosteel.
  • Break-bulkers axed
    US Maritime Administration says among a trio of scrapped vessels is the Del Valle and the Maine.
  • MSC Japan re-floated
    A panamax boxship runs aground in the Chesapeake Bay near Baltimore but is re-floated five hours later.
  • Royal Caribbean finishes in style
    Cruiseship owner enjoys a record-breaking fourth quarter but still sees full-year earnings slip.
  • Crewman poisoned by phosphine
    UK accident investigators take no further action following tragic death on general cargoship Monika.
  • Oman inks 10
    Hyundai and Daewoo each grab a 50% share of a $1.54bn tanker order from the government of Oman.
  • Suez back in business
    Five Red Sea ports closed in bad weather, but canal reopens after 22-hour suspension.
  • Voulgarakis on charm offensive
    Merchant marine minister to offer striking dockers early retirement and discounted shares to ease strike woes.
  • Euroseas fixes boxships
    US-listed shipowner extends charters for a feedership and handysize containership.
  • 15 dead in China ship collision
    One missing and another saved after two cargo vessels collide at mouth of Yangtze River.
  • Baltic biggies suffering
    Passenger numbers down on some major routes for Tallink, Viking Line in 2007.
  • Maersk sells to Hoegh
    Danish giant lets fleet of car-carriers go to Hoegh Autoliners in return for 37.5% stake in Norwegian company.
  • Class still shell-shocked
    European Commission inspectors continue searching at classification societies today with even top management in the dark about what they are looking for.
  • Navibulgar's profit rises again
    Bulgarian state owner looking a good buy ahead of privatisation as 2007 earnings soar.
  • Sydney ferry comes to halt
    Second break-down incident in a week increases pressure on under-fire Australian owner.
  • MOL to try new steel
    Five years of research into corrosion-resistant material to be put to test on VLCC this year.
  • Minted Mipo heads the slide
    Hyundai Heavy unit suffers biggest fall in four years as Korean shipbuilders feel the heat from declining second hand bulker prices.
  • Eitzen quits Norgas pool
    Decision by Eitzen Gas to call time on its ethylene-carrier cooperation comes as a surprise to IM Skaugen.
  • Helsinki drying up
    Union official says new orders needed this year at Aker Yards' Finnish plant.
  • SCI slides
    Indian giant's mixed fleet posts revenue and profit fall in third quarter.
  • HCI feeling flush
    German boxship investment fund wrings 25% more cash from investors year-on-year.
  • K Line teams with KOWEPO
    Japanese shipowner inks second consecutive voyage charter with Korea Western Power Co.
  • India Cements buys bulker
    Indian cement producer emerges as the buyer behind acquisition of Nomikos handysize vessel.
  • Koreans target India
    Hanjin and KMTC launching new China-India service in tie-up with Taiwan's Cheng Lie Navigation.
  • PSA in Argentina venture
    Singaporean terminal operator makes further inroads into South America with latest investment.

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American Shipperweb site
JANUARY 30, 2008
  • A.P. Moller - Maersk selling car carriers for stake in Höegh Autoliners
  • NYK ups annual forecast after a 91% jump in 3rd quarter profit
  • APL reports increases in freight volume, rates
  • Two dry bulk companies will merge
  • CSAV Norasia starts North Africa loop
  • "K" Line inks second charter for Korean electricity producer
  • Will Ulan Bator be painted on the hull?
  • Singapore carrier to use Four Soft product
  • Charge drives down UPS profits
  • Asian airlines see "modest" international cargo growth in 2007
  • Boeing starts major assembly of 777 Freighter
  • BNSF's net income flat in 4th quarter
  • J.B. Hunt reports lower earnings
  • Wal-Mart outlines new quality, energy standards for suppliers
  • Northrop Grumman fined $400,000 for illegal exports
  • Toyota signals intent to make India an export manufacturing hub
  • C.H. Robinson's 4th quarter profit up 19.5%
  • USDA proposes San Luis, Ariz. to be a Mexican cattle entry port
  • Off the menu: Headless rats seized by British customs officers
  • CEVA to serve Carrefour Brazil
  • EPA lauds corporate green power efforts
  • Novo forms new company based in Reno
  • ST&R opening Mexico City office
  • Geodis' annual revenue jumps 26%
  • SEKO Saudi Arabia opens for business
  • Panamanian ports see container traffic jump
  • Jacksonville port board authorizes new option on key parcel
  • Seattle port adopts accountability plan
  • Tacoma port identifies four locations for logistics rail center
  • Baltimore gets $11 million to upgrade key port road

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The Scandinavian Shipping Gazetteweb site
JANUARY 30, 2008
  • Class societies face investigation into possible collusion
    Allegations of restrictive practices are behind a surprise inspection of four leading classification societies ' Det Norske Veritas, Lloyd's Register, Bureau Veritas and Rina ' by European Commission Competition Directorate and the Office of Fair Trading (OFT) yesterday and today. There have ...
  • Hurtigruten looks to the White Sea
    Hurtigruten is looking to take Norwegian and foreign tourists to the White Sea area in Russia and tempt Russian tourists to try a cruise on one of the company's modern cruise ships. Hurtigruten marketing director, Olav Lühr, says his company ...

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The Bunker Bulletinweb site
JANUARY 30, 2008
  • US crude stocks rise again
    Gasoline inventories also rising, distillates falling, according to weekly report.
  • Carnival ups its bunker price forecast
    Cruise Line says first quarter bunker prices are likely to be higher than it expected.
  • IMO panel gives new bunker consumption estimate
    Study shows global switch to distillates would give net increase in global CO2 emissions, but biggest overall benefits.
  • 'Nothing definite' as supplier considers options
    Fratelli Cosulich has 'no concrete plans' for growing Singapore barge fleet.
  • Singapore supplies struggle with 'negative premiums'
    Bunker prices undercut fuel oil cargo market as suppliers 'bleed'.
  • Rotterdam market firm in line with crude
  • Tokyo bunker premiums treble
    Differentials between Singapore and Tokyo have widened to almost $100 pmt.
  • IBME appoints new managing director
  • Confusion over Hong Kong bunker volumes
    Some estimates say 2007 sales reached 7 million metric tonnes, but others say volumes were much lower.

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