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24 September 2021 The on-line newspaper devoted to the world of transports 23:15 GMT+2

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The Business Timesweb site
DECEMBER 4, 2007
Shipping News
  • Pirate attacks declining in SE-Asia, say shipowners
    ASIAN shipowners, who control 40 per cent of the world's fleet, say piracy has declined in South-east Asia but is on the rise globally.
  • New Delhi approves US$7b rail freight corridor project
    NEW DELHI has given the go-ahead to a US$7 billion plan to create rail freight corridors that will link eastern and western India to accelerate the movement of cargo.
  • DHL offers to beat holiday rush
    Express and logistics company DHL has launched the Beat the Rush promotion for international shipments to help customers beat the year-end holiday season rush.
  • Hyundai Heavy Industries announces 679.8b won S'pore order
  • LNG carrier surplus may hit tanker rates in next 2 yrs
  • China Shipping expects profit to be much higher than previously forecast

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Sched Netweb site
DECEMBER 4, 2007
  • CMA CGM group to acquire 100,000 TEU per year US Lines
  • Shandong seaports throughput to surpass 10 million TEU
  • Qingdao to be logistics centre of China for Japan and South Korea
  • Air Sea, Weihai port to jointly operate feeder service to Qingdao
  • Haikou port to add two container berths next year
  • Hunan imports surges 91pc in first 10 months
  • Congestion prompts Maersk to uncouple main service from Angola
  • Kuehne + Nagel expands and relocates warehousing in St. Petersburg
  • 'Reagonomics', railway upgrades, Black Sea CTs enliven Russian conference
  • Cathay to increase flights from Hong Kong to Vancouver thrice daily
  • China Southern launches three domestic services
  • Air cargo link takes Canadian Maritime perishables to New York, Asia

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Exim Indiaweb site
DECEMBER 4, 2007
  • China & Europe to cooperate on shipping security
  • Intermodal rail service commenced between Yantian terminal & Kunming
  • Hamburg Sud christens Monte Tamaro
  • China United Lines expands capacity on south China-Vietnam service
  • NTL-Logistics to commence box service from Hong Kong to Jakarta, Singapore
  • Sinotrans to consider buying smaller rivals
  • CMA CGM to develop Xiamen's Haicang port
  • GAC opens office in Prague
  • Wan Hai takes delivery of two containerships
  • Precious Shipping to buy 15 new vessels
  • Chennai feeder operators to impose trade surcharge
  • GE Shipping books 2 Supramax vessels
  • Perma Shipping Line commences own operations at ICD-Pune
  • Groundnut oil exports resume
  • Trailer drivers strike at CCT called off
  • ABG plans second major shipyard in Surat
  • MICT setting new benchmarks
  • Container Gateway connects more effectively with northern hinterland trade
  • CONCOR opens temporary warehouse for LCL cargo at ICD-Sabarmati
  • Mumbai second most expensive office market
  • Plexconcil to launch MAI schemes to benefit industry
  • Nath calls for increased PPP projects & effective farm supply chains
  • Cabinet clears 11th Plan draft
  • Valuation rules adding to exporters' woes-Fieo
  • Undaunted by rupee rise shock, GJEPC aims higher
  • Packages barely touch fringe of exporters' concerns, says Commerce Ministry

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International Transport Journalweb site
DECEMBER 3, 2007
  • Italian general strike affects transport industry
  • Volga-Dnepr Airlines increases profit
  • New UAE freighter airline
  • First Freight Company to acquire 70,000 railcars
  • Gefco sales up

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Maritime Global Netweb site
DECEMBER 3, 2007
  • Pirates release Almarjan
  • Stolt-Nielsen wins amnesty case
  • Golden Ocean's Dreyfus charters
  • Deep Sea's earning still on upward trend
  • Ulstein Design is "fastest growing"

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Marine Logweb site
DECEMBER 3, 2007
  • More indictments in marine hose price fixing case
  • Transocean to raise $8.5 billion
  • Teekay spin-off files for IPO
  • Ingram on tank barge newbuild spree

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World Wide Shipperweb site
DECEMBER 3, 2007
  • Matson Navigation announces jump in Hawaii service rates
  • MTC Holdings closes deal for Mexican multi-modal facility
  • CBP taps Tideworks as AMS Service Center
  • Washington State Ferries stepping up vessel inspections
  • Helen Devery elected to CREDC Board of Directors

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Lloyd's Listweb site
DECEMBER 3, 2007
  • CMA CGM seals deal to buy US Lines
    FRENCH container shipping giant concludes agreement to buy niche tranpacific operator, confirming Lloyd's List report.
  • CMA CGM in talks to buy US Lines
  • Hellenic Carriers raises $60m from London IPO
    FOTINI Karamanlis-led company nets '29m from London's Alternative Investment Market floatation.
  • Alarm raised over Canada dockers security row
    BRITISH Columbia Chamber of Shipping raises red flag as dockers refuse to comply with security clearance program.
  • Welcome to the real world
    THERE is a great difference between the world of theoretical ship operation and the real world of shipping.
  • Other peoples' eyes
    THERE are suggestions that Vessel Traffic Services should have their authority greatly increased.

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Fairplayweb site
DECEMBER 3, 2007
  • NCL, BV respond to blast report
    NORWEGIAN Cruise Line and class society Bureau Veritas have responded to claims that they were both responsible for the Norway's 2003 boiler blast
  • Nymex takes seat on Imarex board
    NYMEX Holdings, parent company of New York Mercantile Exchange, has takes a seat on the board of Imarex, the Oslo based shipping derivatives market
  • CMA CGM buys US Lines
    FRENCH liner giant CMA CGM has expanded its capabilities in the Pacific with the acquisition of California-based US Lines
  • Eckero wins control of Birka
    REDERI AB Eckero, the Finnish ferry company, has acquired control of more than 96% of the shares and votes in fellow Finnish shipping company Birka Line
  • Gazprom partners Total in gas
    GAZPROM will team up with French oil and gas major Total for the development of the Astrakhan gas field on the northern Caspian Sea coast
  • Ships are 'most carbon-friendly'
    ASIAN owners have defended shipping's emissions record describing ships as the 'most carbon-friendly' form of commercial transport
  • Safety slips can spell end of class
  • Keppel O&M unveils tech centre
  • Scandlines sales a snip for Clipper
  • Tata develops Mozambique coal links
  • Mutiny at Indian Register
  • Møller erases big box loss
  • 140-year old ferry contract renewed
  • Cosco Busan in a sea of lawsuits
  • EPA proposes new diesel rules

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The Journal of Commerceweb site
DECEMBER 3, 2007
  • CMA CGM buys U.S. Lines
    French line has a vessel-sharing agreement with the four-year-old niche carrier, which operates in the trans-Pacific.
  • Ports America signs Bayonne contract
  • More delays for LA's TraPac
  • Risk analysis enhances Customs cargo checks
  • Panama Canal awards second excavation contract
  • MTC closes acquisition of Mexico intermodal hub
  • Port of LA channel re-opened
  • Maersk Line bids for DoD high-speed vessel
  • Truckers end Chennai strike
  • Fuel fee hike for Cargolux
  • DP World breaks ground for Cochin box terminal

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Containerisation Internationalweb site
DECEMBER 3, 2007
  • CMA CGM to buy USL?
  • YICT opens intermodal rail link to Yunnan Province
  • China Shipping invests in Fuzhou container terminal
  • Panalpina Q4 volumes 'very strong'; internal controls tight
  • Maersk ropes in Deloitte to prepare a master plan for its Indian container terminal

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TradeWindsweb site
DECEMBER 3, 2007
  • Barge owner sued
    K-Sea Transportation faces a $16m sexual harassment lawsuit by a former employee.
  • Argentina goes to Fesco
    Seven months after a fire puts its lone ice-breaker out of commission, the Argentine navy turns to Far-Eastern Shipping to supply Antarctica.
  • Cosco's Singapore sell-off
    Cosco Singapore says it hopes to sell its 12 bulkers to bring in $500m and focus on shipyards.
  • Feds sue Busan owner
    Regal Stone and a bay pilot face lawsuit in the oil spill from the containership Cosco Busan.
  • CMA CGM buys US Lines
    French carrier buys up California-based company with chartered-in fleet.
  • Search for chief falters
    Swedish Club goes for 15% as it hesitates over appointment of new managing director.
  • Su: 'Boom is insane'
    TMT chief hits out at unsustainable dry bulk boom despite inking three VLOCs last month.
  • Pina colada with a kick
    Spanish authorities find a container from Mexico filled with cans of pineapple ' and cocaine.
  • BC Ferries bomb scare
    Police evacuate a BC Ferries terminal after a passenger makes a bomb threat, as the ferry owner considers a lawsuit.
  • US forces key to ship's release
    Dubai operator of vessel freed off Somalia praises intervention of US navy but won't speak of ransom.
  • BW Gas warns bondholders
    New Norwegian tax rules could leave it in breach of debt covenants, gas carrier player says.
  • NSCSA edges up
    Third quarter improvement logged at Saudi tanker owner, after six-month profit disappointment.
  • IRISL launches African run
    Iranian boxship owner to cover Kenya, Tanzania and South Africa from this month.
  • Pac Basin breaks out bonds
    Hong Kong bulker owner will sell at least $300m of convertible notes due 2013.
  • Stolt's star rising
    Oslo-listed Stolt-Nielsen sees its stock soar following last week's US court ruling.
  • ASRY chief may quit
    Aggrieved but innocent Mohamed Alkhateeb aims to leave Bahrain shiprepair yard after 32 years.
  • Kherson in the clear
    Ukrainian yard given permission to buy rival shipbuilder Chernomorsky.
  • Andersen buys into revolution
    AP Moller chief takes DRK 10m holding to back up his fighting talk.
  • Brits peddle emissions deal
    UK representatives push for shipping and aviation emissions to be included in the next international climate change agreement.
  • HHI and goodbye
    South Korean shipbuilder ties up one mammoth order and denies cancellation of another as the deal was never rubber-stamped.
  • Yangzijiang in warrant issue
    Shipbuilder to release 80m "European style" warrants which will be traded on the Singapore stock exchange.
  • Tosmare turns up heat
    Latvian shipyard more than doubles nine-month profit as revenue increases.
  • Panamax grounds in Australia
    Attempts to re-float loaded bulker stuck in mud may have to wait for more favourable tides later in the week.
  • Another headache for WSF
    US ferry group loses ship to engine failure two weeks after pulling four 1920s-built veterans over hull pitting.
  • Almarjan released off Somalia
    No confirmation of any ransom payment as Dubai-operated ship and 18 crew allowed to sail.
  • More red ink at Nepline
    Vessel off hire woes continue to dog results at listed Malaysian tanker owner in the third quarter.
  • Out again
    Aker Yards' Finnish workers have staged second strike in two weeks, this time over pay.
  • Finaval pulls IPO
    Italian tanker owner's Milan listing plans latest to be scuppered by the global credit crunch.
  • A bridge too far for Uberti
    Former commander in charge of San Francisco sector, William Uberti, steps down not long after Cosco Busan incident.
  • Seabourn in piracy scare
    Royal Navy responds to cruise ship's call for help off Somalia two years on from grenade attack.
  • PGS goes to market
    Norwegian owner to sell $400m of convertible bonds to finance Arrow Seismic takeover.
  • NYK ties up Wuhan deal
    Japanese owner confirms it will haul Aussie iron ore for Chinese steel maker in 23 year contract.

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American Shipperweb site
DECEMBER 3, 2007
  • CMA CGM buying U.S. Lines
  • FEFC raising bunker, currency adjustments for January
  • Indian carrier get go-ahead for vessel order
  • Matson hiking Hawaii rates, terminal handling charges
  • Reefer firm Seatrade relocating to Tauranga in New Zealand
  • Cargolux increasing fuel surcharge
  • NTSB points to Amtrak train speed in Chicago crash with NS train
  • Keep on trucking: ATA says mode will continue to dominate in U.S.
  • FedEx raises ground rates 4.9%
  • STB puts brakes on CN purchase of EJ&E railroad
  • Turkmenistan begins construction of key rail line
  • CEVA sets ambitious 10 billion euro sales target by 2010
  • Ryder restructures supply chain business
  • GM plans to increase part purchases from China
  • Korea exports break records
  • Canada to modify auto import rule
  • Hillwood plans major South Carolina development
  • Christian Salvesen first half profit up 16%
  • Miele picks Schenker for spare parts logistics in Finland
  • Freight forwarder having success on Asian intermodal route
  • U.S. marine terminal operator buys Mexican intermodal hub
  • DP World, Aden deal back on

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The Scandinavian Shipping Gazetteweb site
DECEMBER 3, 2007
  • No diesel leakage from Ekfors
    Tanker owner Ektank denies earlier reports of a diesel leakage from their product tanker Ekfors in the port of Horten on 9 November. The vessel had been towed to the port after having dragged anchor and grounded off Slagentangen in ...
  • IMO delays ballast water treatment
    IMO has decided to delay the enforcement date for ships' ballast water treatment equipment so that new ships constructed from 2009 will not be required to have new equipment installed until 2011. The International Chamber of Shipping, ICS, which together ...
  • 15 per cent increase from The Swedish Club
    The Swedish Club has decided to increase their P&I premiums by 15 per cent due to increased pool claims and to the fact that 55 percent of the clubs aggregated claims comes from a relatively small number of claims ...

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The Bunker Bulletinweb site
DECEMBER 3, 2007
  • Petrobras confirms holiday dates
  • Supplier plans expansion
    Bunkers (Gibraltar) 'delighted' with response since operations began in May.
  • Pilot, shipowner face lawsuit
    US government lawsuit suggests Cosco Busan should be sold to pay for bunker fuel cleanup.
  • Europe to push for transport emissions agreement
    Wants global shipping and aviation to be included in successor to Kyoto Protocol.
  • 'Most shipping lines' will cut speed to save on fuel
    CMA CGM says bunker bills account for 50% of vessel operating costs.
  • Petrobras 'close' to Singapore storage deal
    Chemoil CEO says company is in 'final stages of negotiations' to lease space at its Helios Terminal.
  • Rotterdam: Prompt barging tight
  • OPEC unclear on output decision
    The oil cartel meets this week to chart its oil output course.
  • Common sampling point 'must be regulated'
    Industry player says getting global bunkering ports to agree to a common sampling point is difficult.

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