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21 September 2021 The on-line newspaper devoted to the world of transports 07:25 GMT+2

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The Business Timesweb site
DECEMBER 5, 2006
Shipping News
  • Global shipping rates set to fall as capacity rises: S Korea
    GLOBAL rates to move cargo by containers may decline for a second year in 2007 as capacity growth from vessels under construction will outstrip demand, South Korea's Ministry of Maritime Affairs and Fisheries said.
  • Asian shippers hail changes in maritime rules
    ASIAN cargo owners are looking at recent regulatory victories as the turning of the tide, as they continue to press for what they say is a more equal footing with container shipping lines.
  • Typhoon Durian heads for Vietnam, thousands evacuate
    THOUSANDS evacuated their homes and ships were called in to shore as Typhoon Durian approached Vietnam's coast yesterday, but forecasters predicted it would make landfall as a tropical storm.
  • Virus sickens 400 on cruise ship
Port Shots
  • Port Shots
    JOHOR Port Authority will play a major role in ensuring that ports in Johor are able and equipped to compete with increasing competition internationally, chairman Abdul Halim Suleiman said.

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Sched Netweb site
DECEMBER 5, 2006
  • Maersk Line expects loss in 2006
  • Lianyungang starts regular sea-rail intermodal service to Alashankou
  • CN to increase 2007 capital spending by 4pc to C$1.6 billion
  • Higher terminal charges at Colombo port in January
  • VPA introduces truck licensing system in a bid to stop future disputes
  • Box throughput in St Petersburg up 22.8pc
  • Russia relinquishes Siberian overflight payments for EU
  • Boeing, Air India mark milestone with 737-800 delivery
  • Budget airline Viva Macau signs Lufthansa cargo deal
  • Qantas forecasts 25-30pc higher earnings in FY2006/07

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Exim Indiaweb site
DECEMBER 5, 2006
  • 16 shipping lines raise cargo rates on Westbound trades
  • MISC investing to increase fleet
  • Maersk Line to raise rates & cut services
  • Danaos takes delivery of 9,580-TEU containership
  • GAC to build warehousing & distribution facility in Thailand
  • NYK to fund expansion with loans, reserves
  • i-model sales rocket as European roro operators opt for Kalmar intelligence
  • Samsung Heavy & Hanjin report profit
  • 11,000-TEU newbuild christened Eleonora Maersk at Odense Steel Shipyard
  • BAX Global wins Cisco Systems supplier award
  • Egypt to spend $ 5 bn on Suez expansion
  • Essar Shipping Board okays delisting
  • L&T has designs of shipyard at Kakinada
  • Shipowners seek better information on regional piracy
  • Garware Offshore Services drops FCCBs route to expand fleet
  • IGT gives berth to scheduled main line vessel
  • Lowered retirement age upsets port workers
  • Cargo scanning at ports made more thorough
  • Ratna Kishore given addl charge of DCI as Capt. Gupta's term ends
  • Bihar CM seeks dedicated ports for land-locked states
  • Top class facilities at Mundra Port & SEZ facilitates new 1-day wheat handling records
  • Lufthansa launches Kolkata-Frankfurt non-stop thrice-a-week flight
  • Exports up by 35 pc this year
  • Maharashtra urged to cut sales tax on diesel by 20 pc
  • Customs duty on palm oils to stay at 70 pc
  • TUFS may be extended till 2010-Vaghela

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International Transport Journalweb site
DECEMBER 5, 2006
  • BA World Cargo appoints vice-president commercial
  • Ecu-Line upgrades services to Sydney and Melbourne
  • Finnair's India services off to flying start
  • Wim Bosman to Siberia and Kazakhstan
  • City Link wants to buy Target Express in UK

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Maritime Global Netweb site
DECEMBER 4, 2006
  • ConocoPhillips in cover-up claim
  • Eddington study calls for UK box port boost
  • Stolt-Nielsen US$200m buy-back complete

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Marine Logweb site
DECEMBER 4, 2006
  • Daewoo books orders worth $600 million
  • Teekay unit files IPO registration

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World Wide Shipperweb site
DECEMBER 4, 2006
  • Port of Tacoma saves millions on re-financing of revenue bonds
  • Truck tonnage index down for month of October
  • Mitsui making contribution to United Nations refugee program
  • Horizon Lines takes delivery of new ship, HORIZON HUNTER
  • Coast Guard puts clamps on operation of converted cutters

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Lloyd's Listweb site
DECEMBER 5, 2006
  • Torm shares surge after mystery offer
    COPENHAGEN shipping group Torm's stock surged more than 16% yesterday on a reappraisal of the value of its business to almost DKr15bn ($2.7bn) as main investor Gabriel Panayotides considers a mystery offer for his holding.
  • DVB Bank puts the brakes on transport infrastructure
    Germany's DVB Bank is withdrawing from transport infrastructure financing in the face of "constantly growing transaction sizes."
  • Lloyd's Register makes offer to buy minority stake in GL
    Lloyd's Register has offered to buy a minority stake in Germanischer Lloyd, the German classification society currently targeted in a hostile takeover bid by Bureau Veritas.

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Fairplayweb site
DECEMBER 4, 2006
  • German owners under pressure
    HAMBURG 04 December ' Government and trade union representatives in Germany have threatened to walk away from the country's national maritime pact unless German ship owners reverse the recent trend to leave the domestic register
  • Wärtsilä opens Mumbai training academy
    WARTSILA Corp, the Finland-based ship propulsion specialist, opened a new Land and Sea Academy in Mumbai, India's financial capital, today
  • Polar discoverer sues for damages
    A WHISTLEBLOWER who reported a high seas oil spill aboard a ConocoPhillips-owned tanker is demanding a broad range of payments in a lawsuit filed in a US district court
  • Delhi to reimburse pension fund
    INDIA'S government is to reimburse the Seamen Provident Fund with the Rs928M ($20M) that was lost in a securities scam in 2002
  • Chavez wins re-election in Venezuela
    HUGO Chavez has won the mandate to remain as president of Venezuela for a further six years
  • RN to boost anti-smuggling work
    THE UK's Royal Navy is reinstating, from next year, a year-round Caribbean patrol, which will comprise a frigate or destroyer and support vessel
  • Reorganisation for Brittany Ferries
  • Madrid's U-turn on Prestige leak
  • InterManager to measure performance
  • Typhoon batters Philippines
  • Giant Step master faces charges

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The Journal of Commerceweb site
DECEMBER 4, 2006
  • Oceania VSA upgrades Australia services
    Trio of carriers plan to streamline their vessel schedule this month in the West Coast North America to Australia/New Zealand trade.
  • Maersk, Teekay pool tankers
  • Seoul: Rates likely to fall
  • Oberstar sees box fee to fund port security
  • Trade hits China export rule
  • Horizon Lines and Maersk extend agreements
  • Trailer Bridge opens on Nasdaq Global Market
  • Raymond: Industry should work together on box security
  • India port strike planned
  • Piraeus seeks bidders
  • Nehru volume swells

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Containerisation Internationalweb site
DECEMBER 4, 2006
  • Gun battle and blockades close down Bangladesh's transport system again
    Three people have been killed and 50 wounded during an hour long gun battle fought by political rivals as violence erupted following the fourth transport blockade in as many weeks, writes Reuters.
  • Apres Moi, Le Deluge
    Karl Marx believed that "history always repeated itself, the first time as tragedy the second time as farce". Container shipping must not allow this nineteenth century truism to be reapplied to today's business. In the first ever ciblog carrier's representative Chris Bourne reproduces a part of the speech he made today to the International Chamber of Commerce telling industry that sensible people won't allow the farce to happen.
  • Seoul takes measures to free cargo flow as truckers' maintain industrial action
  • Taiwan's Taipei Port opening postponed due to highway construction delays
  • Minister warns of economic consequences of failure to fund essential port dredging
  • Busan to scrap container tax
  • Vancouver puts tough new container trucker licence regulations in place
  • New legal framework fails to lift Indonesian carriers' market share in both domestic and international trades
  • South Korean think-tank forecasts 4.2% supply-demand gap
  • CN Board extends Hunter Harrison's contract

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TradeWindsweb site
DECEMBER 4, 2006
  • A Swift partnership
    Tanker giants Maersk and Teekay join forces on pool for smaller ice-class products tonnage.
  • Torm is top gainer
    Takeover talk drives Danish tanker share up 17% in a day.
  • Extended Horizon
    US-flag liner company forges three-year renewals of commercial agreements with Maersk.
  • Namura in share issue
    Japanese shipbuilder to raise funds for modernisation of its Imari yard.
  • Komrowski pulls Daehan capes order
    Inability to secure right charter rate and low vessel specs behind quashing of four-plus-two order at Korean yard.
  • Each LNG STS needs risk check
    Sigtto says every ship-to-ship transfer operations for LNG cargoes will need separate risk assessment.
  • Eight ship order for Daehan
    Intrigue surrounds order for capesizes from European owner at small South Korean yard.
  • Essar seeks delisting
    Board of directors of Indian giant to ask for shareholder approval to quit Mumbai Exchange in New Year.
  • LR makes GL move
    Lloyd's Register latest to enter race for Germanischer Lloyd stake with mooted minority shareholding bid.
  • DVB quits port projects
    German bank to sell transport infrastructure portfolio but remains committed to shipping.
  • Torm shares rocket
    Danish tanker owner's stock soars 11% as takeover speculation intensifies.
  • Ship sinks off Shanghai
    Finger pointed at open door on converted dredger which went under in Huangpu River at the weekend.
  • TMT inks VLCC double
    Daewoo to build 310,000-dwt twins for Taiwan Maritime Transport with a further option in $265m deal.
  • Freedom struck down
    Over 380 struck by norovirus during voyage on world's largest cruise liner ' Freedom of the Seas.
  • Klitzing exits Petrojarl
    Chief executive is effectively forced out after Teekay gain majority share in FPSO operator.
  • Tanker in trouble
    Isle of Man-flagged coastal tanker adrift off Scotland after main engine cuts out in heavy seas.

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American Shipperweb site
DECEMBER 4, 2006
  • Maersk to cut transatlantic capacity too
  • FEFC announces January BAF, CAF rates
  • Oceania VSA carriers alter service rotations
  • Evergreen Group to drop Hatsu, ITS brands
  • Other class societies approach Germanischer Lloyd
  • Horizon Lines receives first 2,824-TEU ship from Hyundai Mipo
  • Intermarine expands project cargo service in Asia
  • NASSCO to launch third U.S. Navy T-AKE cargo ship
  • Maersk Contractors wins Gulf of Mexico drilling contract
  • Hyundai starts Taiwan/Vietnam shuttle service
  • Thanks for the chips. Where's the salsa?
  • Continental's November cargo up 3.8%
  • Lufthansa Cargo launch customer for TRAXON's cargo management program
  • Rock stops Alaska Railroad freight train
  • Industry groups call for BIS's China rule to be withdrawn
  • Industry asks Congress to keep eye on unfinished trade business
  • FTA tells British government to accept Eddington's study
  • USDA proposes to allow South Korean Unushu oranges in Alaska
  • C.H. Robinson buys Indian 3PL Triune
  • CORRECTION: 3PL would manage $750 million in Defense spending
  • Trucker strike hits Korean ports
  • New trucking regulations for Vancouver and Fraser River ports
  • Tacoma refinances $111 million in bond debt at lower rates
  • Port of Vancouver USA sets $83.2 million budget for 2007
  • North Carolina ports poised for growth

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The Scandinavian Shipping Gazetteweb site
DECEMBER 4, 2006
  • New Wärtsilä training centre in India
    Wärtsilä has opened its fourth Wärtsilä Land & Sea Academy (WLSA) training centre for global coverage of training and competence management ...
  • Aker Yards could take Navantia to court
    Aker Yards could take Spanish yard Navantia to court to seek NOK 55 million compensation for cancellation of a contract ...
  • Blystad orders capesize bulkers
    Arne Blystad has ordered three 180,000 DWT capesize bulk carriers at the South Korean yard SungDong Heavy Industries, for delivery ...

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The Bunker Bulletinweb site
DECEMBER 4, 2006
  • Boost for marine fuel cell development
    Wärtsilä-led research consortium receives EU grant to develop renewable fuels technology for ships.
  • Bunker supplier turns to 'Singapore model'
    Caribbean supplier looking at CP60 as it moves to update its procedures.
  • Statoil signs $1.6 billion supply contract
    Statoil will supply low-sulphur MGO to subsidiary for all vessels and installations working on the Norwegian continental shelf.
  • Aegean poised for IPO and management changes
    Aegean's revived New York IPO hopes to raise close to $150 million, President and CEO to step down upon completion.
  • Double move for Bominflot
    New premises for Greek and Scandinavian offices.
  • Quiet start to the week in Rotterdam barge market
  • US ship manager lowers bunker surcharge
    Lower bunker fuel surcharge was 'due to a substantial decrease of oil'.
  • OPEC members split on decision to cut output
    Some members concerned over high inventories, others say oil price remains strong.
  • Hong Kong Shipowners Association wants 'clean fuel'
    HKSOA maintains supports for switch to distillates and challenges two other Asian shipowners associations for disagreeing.

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