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29 September 2020 The on-line newspaper devoted to the world of transports 17:03 GMT+2

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The Business Timesweb site
JULY 31, 2008
Shipping News
  • Hanjin Q2 profit rises 20% on higher rates
    Hanjin Shipping, South Korea's largest shipping line, boosted second-quarter profit 20 per cent after charging more for carrying containers and commodities.
  • Overseas Shipholding profit up 10%
    Overseas Shipholding Group Inc, the largest US-based oil-tanker owner, said second-quarter profit rose 10 per cent on higher rates for its oil carriers and dry-bulk vessels.
  • Railway costs may add 17% to Oakajee port outlay
    Oakajee Port & Rail Pty, a venture of Murchison Metals Ltd and Mitsubishi Corp, said that its planned port in Western Australia for iron ore exports may cost 17 per cent more after adding on the cost of trains and wagons to the project.
  • Manila port operator's profit rises

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Sched Netweb site
JULY 31, 2008
  • Agreement between employers and ILWU west coast dockers
  • MSC builds capacity, adding 52,000 TEU this year
  • Speculation rife as industry watches NOL court Hapag-Lloyd
  • US Customs delays new cargo processing system for six months
  • OOCL's data centre is ISO 27001 certified
  • DSV hedges on trucks, buys containers on growing green fear
  • Tacoma Port gains new purchasing manager
  • Irishman takes over from departing Dixon as Qantas CEO
  • PM officially opens Singapore's T3 at Changi Airport
  • New Incheon airfreight terminal's roof collapses in heavy rain

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Exim Indiaweb site
JULY 31, 2008
  • Console Shipping ties up with Sinergy to develop Indo-Italian trade lane
  • Shipping Summit in Sept.-end to castspotlight on solving the manning crisis
  • Spices find increasing flavour
  • SC orders exporter to bring back rice consignment
  • EU's new GSP tariff norm to benefit gems & jewellery trade
  • Services exports to yield $ 319 bn by 2011-12-NCAER
  • FTA with Asean spotted on horizon
  • US' certified cargo screening plan seen as too costly for carriers
  • RBI hikes repo rate, CRR to 9 pc
  • RBI's monetary measures stifling, avers India Inc
  • Blow to growth, affirms Fieo chief 'RBI must ensure uninterrupted export production'
  • IMC fears growth slowdown
  • WTO talks collapse as US, China & India stick to their guns
  • New drawback & DEPB rates may be announced in a fortnight
  • 32 Bills await Lok Sabha clearance to put reforms on fast track
  • Students of St Britto's Group of Schools impress Kalam at interactive session

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Maritime Global Netweb site
JULY 30, 2008
  • Mississippi open, blame game starts
  • US docks deal
  • Strong Q2 for ICTSI
  • IMB warns over timber bogus shipments

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Marine Logweb site
JULY 30, 2008
  • Former ACL execs in $1.5 billion transportation venture
  • More oil released from Mississippi spill barge
  • ACL reports increased revenues
  • Austal submits JHSV Phase II offer
  • Boiler fire delays Irish Ferries sailing

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World Wide Shipperweb site
JULY 30, 2008
  • ILWU/PMA negotiators reach preliminary labor deal
  • New purchasing manager for Port of Tacoma
  • Panama Canal Authority releases third quarter metrics
  • TSA carriers to boost inland fuel surcharge
  • ATA files lawsuit against LA/Long Beach 'Concession Plans'

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Lloyd's Listweb site
JULY 31, 2008
  • HHIC bags CMA CGM order for boxship pair
    THE company, which will deliver the 3,400 teu vessels in July 2010, is still lagging behind its 2008 orderbook target.

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Fairplayweb site
JULY 30, 2008
  • Mississippi closed again by oil
    MORE LEAKS of oil resulted in the Mississippi River being closed again today
  • OSG rides OPEC swell
    OVERSEAS Shipholding reported strong second-quarter results driven by much higher VLCC and Aframax spot rates
  • Doha trade talks collapse ' again
    WORLD Trade Organisation director-general Pascal Lamy is expressing regret today that the latest effort to liberalise global trade has collapsed, with serious shipping implications
  • Study says lakes ballast rules work
    BALLAST flushing regulations now imposed on ships entering the Great Lakes should be sufficient to prevent more aquatic pests from being introduced, the US National Academy of Sciences has reported
  • Santos profits fall 10%
    CONTAINER terminal operator Santos Brasil posted profits for the first six months of this year more than 10% below the same period last year

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The Journal of Commerceweb site
JULY 30, 2008
  • Report: Hamburg group high bidder for Hapag-Lloyd
  • Hanjin profit up 20%
  • Steel imports decline
  • MOL revamps sales structure in North America
  • Miss. River closed again after barge leaks more fuel
  • Lakes cargo weakens
  • South Korea gets first shipment of U.S. beef
  • Profit sinks at Panalpina
  • Asia airfreight falls for first time since 2005
  • Mitsubishi gets nod to develop Aussie port

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Containerisation Internationalweb site
JULY 30, 2008
  • Savannah hits Ho Chi Minh City
  • US trucking associations sue LA and Long Beach over port concession plans
  • Panalpina's profits plunge 29% in H1
  • Danaos box profits up 16% in Q2
  • Hanjin off to a good start

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TradeWindsweb site
JULY 30, 2008
  • TCE buoys Genmar
    Without derivatives losses, New York tanker owner General Maritime sees profit growth thanks to TCE revenues.
  • Seaspan sails
    US-listed containership owner posts higher earnings as its fleet grows.
  • Another leak
    A "secondary release" from an American Commercial Lines barge leads to another closure of the Mississippi River.
  • Fixing to buy
    Former American Commercial Lines executives are planning up to $1.5bn in transport sector acquisitions.
  • Slower going
    Tonnage and transits have grown, but so have wait times, according to the Panama Canal's latest figures.
  • Dividend halted
    US Shipping Partners shares plummet after the company says it will not pay a second-quarter dividend as it negotiates with lenders.
  • Exmar posts loss
    Financial charges lead to a $3.9m half-year loss despite improvements in the VLGC market.
  • Su cuts Star stake
    TMT boss slices holding in Nasdaq-listed Star Bulk by around 70%.
  • Stella silence
    Involvement of two or three pirate groups could explain lack of demands to free bulker and crew off Somalia.
  • Cash flows in
    US-flag tanker owner OSG America says strong TCE revenues and cash flow push it to $4.9m profit.
  • Barges beat odds
    American Commercial Lines shares surge after second-quarter results beat expectations.
  • Ferry blaze
    Two hundred passengers of Irish Ferries ship put on evacuation alert after fire rips through boiler.
  • Hot on reefers
    Seatrade's Yntze Buitenwerf still has appetite for growth after 25 ship expansion.
  • Great not good
    Indian owner Great Offshore sees first quarter profits sliced despite 40% rise in revenue.
  • Cruise loss shrinks
    California-based Ambassadors International trims second-quarter losses at its cruise lines.
  • 6 saved off China
    Tropical storm batters coast off Shanghai as vessel starts to sink and shipping operations disrupted.
  • Tugs sink
    US investigators puzzled as to why two vessels went down in Schuylkill river.
  • Out Gunned
    Johnny Plumbe took home $850,000 last year but he was not the top earner in the ACM boardroom.
  • Cases mount
    Number of law suits against Sulpicio Lines up to nine in wake of Princess of the Stars disaster.
  • Seoul destroying
    Rising profits across the board not enough to buoy shares in Korean shipbuilders amid third quarter cost concerns.
  • License to spill
    Pilot of tug involved in collision and spill in Louisiana last week "inadequately licensed", USCG says.
  • Samudera soars
    Indonesian liner operator sees second quarter net profits more than double.
  • Sky-high Hanjin
    South Korean shipowner sees interim net profits almost treble thanks to containers and bulk.
  • Repair job
    Newly-listed Sealink of Malaysia to add third-party shiprepair to shipbuilding and shipowning businesses.
  • ABG starts well
    India's biggest private shipyard pushes up earnings and revenues in first quarter.
  • Tusk talks
    Polish prime minister to meet yard unions to allay fears over privatisation process.
  • Deaths rock BHP
    Port and mining operations suspended as two workers crushed in Australia and South Africa.
  • Sinking feeling
    ACL sees quarterly profits slide less than a week after Mississippi River spill.
  • Ticked off
    Italian woman suing ferry owner Tirrenia after waking up in first-class cabin covered in bugs.
  • Azuma falls
    Japanese bulker owner brought lower by operating costs in first quarter, despite higher revenue.
  • MMM in the red
    Malaysian shipowner slides to a loss for the second quarter, but not as much as in 2007.
  • Strategic grows
    Aussie shipbuilder expands its facility in Singapore and opens in Mexico.

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American Shipperweb site
JULY 30, 2008
  • Hanjin profit up 166% even as total container volume dips
  • Sinotrans profit soars on high bulk cargo demand
  • Overseas Shipholding profit up 10%
  • Danaos profits up, but notes deteriorating trades
  • New standards aim to make damaged ships more stable
  • CEVA joins Cargo 2000
  • Pilots file suit against DHL
  • White joins CNS, will push air cargo standards
  • AirBridge Cargo adds agent for Taiwan
  • Report: U.S., Canada need similar Great Lakes ballast water rules
  • Schwab, NFTC decry breakdown of WTO talks
  • CBP proposes revision of country of origin rules
  • Steel imports lag 2007 levels
  • FMC reviews 24 OTI license applications
  • NRDC to defend ports by joining ATA suit against SoCal truck plan
  • Rising volumes in Manila, foreign terminals boost ICTSI earnings
  • NYK to build container hangar in Tokyo to improve handling capacity

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The Bunker Bulletinweb site
JULY 30, 2008
  • Barge company strives for fuel savings
    ACL sees revenue beat expectations, but fuel prices impact on the Q2 bottom line.
  • New employee at Global Risk Management
  • St. Petersburg: Bunker prices could climb
    Oil giant predicts differentials will close in 2009.
  • Oil rebounds as US report dashes forecasts
    Unexpected gasoline inventory decline, Nigeria and Iran supporting prices.
  • Global bunker market report
  • Demand up as Asian bunker markets soften
    Prices retreat as crude oil falls.
  • Bulk rates boost Hanjin
    Company also says floating bunker charge helped mitigate rising fuel costs in Q2.
  • Chinese bunker sales 'climbing'
    Fuel oil export figures suggest marine fuel sales are up.
  • Trader joins Oldendorff's bunker department
  • Rotterdam market down in line with crude
  • Japan mulls scrapping naval drill, cites fuel prices
    Drill would 'consume large amounts of fuel'.
  • Oil prices will be 'stronger', BP chief says
    Says era of cheap energy over.
  • Lanka IOC to offer 380 cst
    Sri Lankan supplier seeking customs approval to operate tanks as bonded storage.
  • The costs of slow steaming
    May lead to high machinery maintenance costs.
  • SPC's Q2 profit inches up
    But revenue jumps 65% on 'relatively robust' demand for refined products.

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