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| MARCH 31, 2008 |
Shipping News
- Maritime show eyes bigger event in 2010
The Asia Pacific Maritime (APM) 2008 show closed on Friday on a high note with a large deal signed by marine engine specialist Cinta Asia Singapore and 80 per cent of this year's exhibitors rebooking space for the next show in 2010.
- A centre for seamen at Pasir Panjang
Shorter ship stays because of higher port productivity and restricted port access due to security concerns have made life for ships' crews increasingly difficult.
- MPA extends waiver for new double-hulled bunker tankers
The Maritime Port Authority (MPA) will extend its port dues waiver for new double-hulled bunker tankers operating within Singapore waters from tomorrow.
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| MARCH 31, 2008 |
- CSCL launches Fuzhou-Zhangzhou-Yingkou short-sea service
- APM Terminals, Port of Rotterdam join on R&D with global impact
- Indian container exports to US drop 6pc in 2007
- Maersk appoints managers for NZ, Malaysia, Singapore, Thailand
- Vietnam launches its largest box ship ever - 700 TEU
- Dragonair launch of Bangalore service is delayed
- Lufthansa Cargo granted overflight rights, after moving hub to Siberia
- Aeroflot 'sues' ministry blocking its planned MD-11 freighter deployment
- WICE is re-branded A-Sonic Air Freight/Marine (HK)
- TIACA's Hall of Fame to honour Kuehne + Nagel head and Evergreen aviation founder
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| MARCH 31, 2008 |
- Gujarat pinpoints 6 locations for Central shipyard project
- ICS hosting major maritime meet on April 15
- New Zealand may join hands with India on comprehensive farm deal
- Currency swap deal with Japan okayed
- Trade with Brazil targeted at $ 10 bn in 3 years
- Soya oil to meet part of needs
- 48-HR LOGISTICS FEAT!
- Port of Hamburg to take part in Moscow fair in April
- A Queen in God's Own Country!
- Foundation stone laid for CWCL's Chennai wholesale market yard project
- IAL Group to use 4S eTrans software
- Linde Material Handling to enhance product development & production facilities
- DEPB for another year
- Steel gCabinet clears farmers' debt waiver fundiants agree to freeze exports
- Cabinet clears farmers' debt waiver fund
- Modified CECA list with Singapore gets Cabinet nod
- Preeti Sheth stays at AIEC helm
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| MARCH 28, 2008 |
- Port of Hamburg Marketing appoints new board member
- Munich airport: Thomas Weyer to succeed Peter Trautmann
- Maersk/Hamburg Süd cease slot charter agreement
- Cargolux to start Miami, Houston flights
- Ukraine initiates new transport corridor
- Agility acquires stake in USA-based Industriaplex Inc
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| MARCH 28, 2008 |
- IMEC to focus on training
- IBIA to establish professional bunkering qualifications
- Murmansk Shipping quits Varandey
- Busan signs with Dalian
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| MARCH 28, 2008 |
- Bourbon Dolphin commission reports findings
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| MARCH 28, 2008 |
- Low bidder named for new Washington ferry
- Coast Guard Sector Portland holding command change ceremony
- US rail freight traffic slides during week
- New expressway open at Sea-Tac Airport
- NYK plans to open warehouse in Moscow
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| MARCH 28, 2008 |
- Dolphin inquiry blames design and safety flaws
FAILURE to properly apply safety procedures and a design weakness were major contributory causes of Bourbon vessel sinking.
- ...but decides not to act on structural changes
- Tsao's IMC adds new yards in China
THE Tsao family's business is expanding its shipyard business in China with two new yards.
- Fincantieri announces earnings of €45m
DOWN slightly on the €52.4m posted in 2006 but a solid result as the dollar plunges on the foreign exchange markets.
- Is modern animal transportation cruel?
"THE trade is not cruel and industry condemns any cruelty, without reservation," insists Lisa Schoppa, president-elect of the Animal Transportation Association.
- Follow Ofer's example
FOREIGN shipowners in the UK have taken a bit of beating recently, so it is refreshing that Sammy Ofer's offer is being so warmly received.
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| MARCH 28, 2008 |
- Are security alert systems any use?
A maritime security expert wants the IMO to re-consider the SOLAS-mandated Ship Security Alert Systems (SSAS)
- Pullmantur cruise ship still aground
EFFORTS to refloat the cruise ship Sky Wonder are continuing at Kusadasi in Turkey
- Bullish BV hungry for more growth
BUREAU Veritas, the French classification society, is promising further growth both organically and through acquisitions this year after a strong performance in 2007
- Minister confirms cruise yard talks
A FINNISH government minister has confirmed that talks have been held between European countries regarding the future of cruise ship building
- Who is the man from Vyborg?
INDUSTRY observers are puzzled by the mysterious figure who has emerged behind a $269M investment plan for a container terminal and port development in the Gulf of Finland
- ITF to back distillate fuel at MEPC
THE ITF is to support distillate marine diesel fuels as the best way to greener shipping
- Russian/Aker investment puzzle
- Cruising seals passport relief
- Govt connections good for shipowners
- Austal hit by discrimination suit
- More bureaucracy to stop SF oil spills
- Singapore extends double-hull waiver
- Asian lines averse to M&A
- Former minister supportive, MASA asserts
- Crew shortage fuelling P&I claims
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| MARCH 28, 2008 |
- World Shipping Council criticizes U.S. plan for box tax to pay for highways
WSC President Koch says international freight would bear unfair burden for upkeep and expansion of highway system.
- FMC request could delay LA-Long Beach trucks plan
- Oakland exports up 29%
- Steel to lead Port of New Orleans revenue lower
- Jaxport,Hanjin sign agreement for terminal
- TOTE parent bid for Aloha Airlines cargo unit
- Kuehne & Nagel Canada appoints Levin as president
- Japan signs ASEAN pact
- Union Pacific transfers BulkTainer business to ChemLogix
- Econocaribe adds direct Miami LCL service to Asia
- National Air Cargo pleads guilty in overbilling case
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| MARCH 28, 2008 |
- After Bear Stearns, is ship financing about to be crunched?
The spectacular overnight collapse of one of Wall Street's most famous investment banks, Bear Stearns, has once again highlighted the great dangers of the sub-prime credit crunch Tsunami that has the potential to engulf all in its path, not least the ship building industry.
- Maverick Dafni quits CNC
- WTSA to roll out fuel surcharge increases
- Hong Kong depot dispute over 'illegal' fees
- Jeddah's box capacity to hit seven million TEU
- Botany report backs unpopular congestion remedy
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| MARCH 28, 2008 |
- Waikiki for sale
Brokers circulate DryShips' 13-year-old panamax bulk carrier in the hunt for a potential buyer.
- Thai player buys resales
Regional Container Lines is said to have picked up a pair of 2,750-teu units on order at Stocznia Gdynia.
- Indians reel in a Titan
Unnamed buyers shell out $67m for an 11-year-old panamax bulker.
- Capesize order at Subic Bay
Hanjin Heavy Industries' Philippines yard scores an order for a 175,000-dwt bulker duo from an unknown owner.
- Euronav sells VLCC
Brokers say the Belgian owner has scored a $124m price tag from Greek buyers.
- Third Neftegaz body recovered
Divers find another seafarer dead in the sinking of the Neftegaz 67 in Hong Kong.
- Weaver's Cove offshore?
Company officials are considering changes to a US LNG terminal proposal that would move a berth offshore after friction from the Coast Guard.
- Teekay Tankers buys two
Spin-off Teekay Tankers to buy two suezmaxes from the Vancouver-based parent.
- Fincantieri slips on dollar
State-owned shipyard group posts EUR 45m in profits as record orders boosts make up for weak currencies.
- Conversion concern
Seaworthiness of tanker to heavy lift switch set to feature in Felixstowe crane damage claim.
- Bourbon under fire
Multiple failures contributed to loss of support vessel with eight deaths.
- 'Good relations' nets RBD trio
Rizzo-Bottiglieri-De Carlini Armatori grabs early delivery slots for three more capesizes at two Chinese yards.
- Varouxakis rosy on credit
FreeSeas chief says current credit conditions may offer advantages as it files share issue to "be prepared to strike quickly."
- Piraeus banks double
Profits soared at Greece's biggest port in 2007, ahead of controversial privatisation.
- Entente for Georgia, Russia
Passenger shipping to resume in Black Sea following 2006 falling out over 'spies'.
- FreeSeas almost breaks even
Financial expenses wipe out gain from huge revenue increases as Ion Varouxakis-led owner just about remains in the red.
- Ezra ties up charters
Singapore offshore vessel player wins employment for seven of its vessels in deals worth $77.6m
- Premuda on the up
Italian owner, which recently took a pair of handysize resales in Vietnam, sees profit soar over a third.
- Austal faces race case
Black workers at Australian shipbuilder's US yard take discrimination claim to court.
- Singapore backs double-hulls
MPA to continue to offer financial incentives for switching from single-hulled bunker tankers
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| MARCH 28, 2008 |
- Koch: Container industry not big enough to fund highways
- Study: Ship security system has "grave shortcomings"
- ABS offers new parametric roll notation
- WWL adds PCTCs to North America/South America service
- New Maersk head for New Zealand
- ADM sues "big 5" railroads, alleges fuel surcharge collusion
- Scandinavian rail joint venture set to start operations
- UPS deploys "green" trucks
- No fooling: Truckers warn of April 1 shutdown
- TT Club reports "satisfactory" 2007 in softer insurance market
- DHS finalizes rule on travel documents
- GAC acquires British firm to boost North Sea interests
- ProLogis building third distribution center in Tianjin
- Army names transportation officers
- CEVA Logistics appoints directors
- Company rolls out port, airport "finder"
- Schneider to sponsor logistics scholarships in China
- UTi beats expectations, but profits down over last year
- Hutchison chairman says new terminal in Hong Kong not needed
- Korean shipyard for sale
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| MARCH 28, 2008 |
- Nordic Tanker chairman leaves after weak result
Along with the presentation of the Nordic Tanker A/S account for 2007 it was also announced that the chairman of the board of directors, Mogens Buschard, will leave the company immediately and his duties will be take over the ...
- Norden in two new pool arrangements
D/S Norden and its long time partner Interorient Navigation Company, Limassol, have set up two new pool-arrangements, the Norient Handysize pool and Norient Post-Panamax pool. The handysize pool will commence operations in 2009 and is expected to ...
- MSC Veronique in Klaipeda
The largest container vessel, so far, called the Port of Klaipeda yesterday. The MSC Veronique has a length of 222 m, a beam of 32 m and a draft of 11.5 m. The port operator Klaipedos Smelte discharges and ...
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| MARCH 28, 2008 |
- New trader for Dan-Bunkering's Copenhagen team
- Shell exits French bunker market
SMP stops delivering bunkers in French ports, but marine lubricant sales to continue.
- Bunker market report from Praxis
- MPA hits single hull-operators
Incentives to deploy double-hull bunker tankers extended to 2011.
- Rotterdam market stable
- Supplier says SECAs are not properly enforced
Petrobras says, without enforcement, Sulphur Emission Control Areas are 'useless'.
- Aramco sells bunker parcel
The 380-cst cargo is due for early-April loading.
- Oil at $100 is 'cheap'
No substitute for oil means no escaping from increasing oil prices, an investment bank chairman says.
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