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24 September 2021 The on-line newspaper devoted to the world of transports 23:42 GMT+2

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The Business Timesweb site
DECEMBER 6, 2007
Shipping News
  • Cosco Pacific plans to double port spending
    Cosco Pacific, the ports arm of China's largest shipping conglomerate, sees terminals as its growth driver and will double annual capital expenditure in ports to tap booming global trade, a senior executive said on Tuesday.
  • Hutchison unit loses tax appeal
    Hutchison Whampoa Ltd's Hong Kong port unit lost an appeal in the city's Court of Final Appeal against a tax ruling over a US$1.72 billion fund raising.
  • Maersk scales back its Asia-Europe network
    Maersk Line, the world's largest shipping line and a unit of AP Moeller-Maersk, said it is scaling back its Asia-Europe network to offset the effects of port congestion and high bunker fuel costs.
  • Asian aframax rates rise to 8-month high on tanker shortage

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Sched Netweb site
DECEMBER 6, 2007
  • Rate hike, low dollar, US export surge boost CSCL profit outlook
  • CTSA hike rates due to higher costs, fuel prices, weak dollar
  • Chiwan CT gears up marketing of Sea-Rail Intermodal
  • Hyundai Heavy Industries wins US$737 million deal for nine box ships
  • Maersk to add four slower bunker-saving ships to Asia-Europe net
  • Moody's raises MOL credit to A3 on enhanced profitability
  • DP World to operate Aden container terminal in Yemen
  • NZ competition regulator begins probe Qantas price-fixing
  • California's LA/Ontario airport to build US$125 million cargo centre
  • Emirates Skycargo clinches two awards from separate groups

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Exim Indiaweb site
DECEMBER 6, 2007
  • Maersk Line to effect GRI from US, Canada to Gulf, Indian Subcontinent
  • SCI books 6 Handymax vessels
  • Japanese firms now prefer India to China as manufacturing base-Survey
  • India, Czech Republic home in on 2010 trade target 3 years ahead!
  • India offers wider market to US farm goods!
  • Talks under way for Indo-Japanese treaty on currency swap
  • 3 leading port players line up IPOs for 2008
  • DP World Chennai, staff sign wage pact
  • Tuticorin Port upgrades security system
  • Mercator to set up shipyards in Maharashtra & Gujarat
  • Roadwings to bolster box traffic at Mormugao Port
  • Rly Ministry to decide funds source for freight corridors
  • TCHAA seminar on 'Employee Retention' today
  • Minister: Textile exports target is $ 25.06 bn
  • Nafed slashes onion MEP by $ 175/tonne
  • ...exports plunge
  • CIAe chief alleges govt indifference to exporters' problems

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International Transport Journalweb site
DECEMBER 5, 2007
  • Eimskip Americas names new CEO
  • Ateia chooses new president
  • Icelandair Cargo starts direct freighter service to Canada
  • Miele and Schenker start logistics partnership in Finland
  • EU urges Armenia's inclusion in Caucasian railway project

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Maritime Global Netweb site
DECEMBER 5, 2007
  • 14 states on "negative performance" list
  • Ship Finance sells non -double-hull suezmaxes
  • Lack of installation vessels adds to wind power "bottleneck"
  • Aker Philadelphia completes private placement

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Marine Logweb site
DECEMBER 5, 2007
  • Chinese yard launches PSV for Bourbon
  • Maersk Line bids for Joint High Speed Vessel

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World Wide Shipperweb site
DECEMBER 5, 2007
  • Port of Tacoma testing new time for meetings
  • Corps to begin dredging Duwamish Waterway turning basin
  • Foss reimbursing employees for initial TWIC card
  • Oregon governor taps Achterman as Transportation Commission chair
  • New simulator now open at Coast Guard training center

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Lloyd's Listweb site
DECEMBER 5, 2007
  • Maersk Line revamps to remain at top spot
    TOP management team will be trimmed and Europe-Asia services rescheduled to save on bunkers.
  • Maersk reshuffle sets ports free
  • Liner operators warned over rising ships systems costs
    OWNERS paying more for ship operating costs as well as container positioning and maintenance or port fees.
  • SCI books six handymaxes at STX Shipyard
    INDIAN owner places order for six bulkers with South Korean shipbuilder.
  • Water World
    BANGLADESH, amid all its watery trials, accords huge status to its marine personnel.
  • The policy whisperers
    THE unmasking of the faceless whisperers reveals the extent to which our regulators rely on 'expert' information.

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Fairplayweb site
DECEMBER 5, 2007
  • OPEC leaves output unchanged
    OPEC members have decided to keep their output at existing levels despite huge volatility in the oil market
  • Aker Phil wraps share placement
    AKER Philadelphia Shipyard, the shipbuilding unit to be spun off from Aker American Shipping, has completed its previously-announced private placement of 2.39M shares
  • Philippines yard gets thumbs-up
    SHIPOWNERS have given a vote of confidence to the new shipbuilding yard in Subic Bay, Philippines
  • Maersk cuts capacity climb
    MAERSK Line's decision to add four vessels of 6,000TEU and larger to its Asia-Europe network has raised eyebrows at a time when all indicators point to overcapacity
  • Southern hemisphere line planned
    A PLAN to set up a shipping line to operate between India, South Africa and Brazil as part of a new trade corridor is moving nearer
  • Power plant planned for Trincomalee
    INDIA'S National Thermal Power Corporation plans to set up a 500MW coal-based power plant in Sri Lanka's deep-water eastern port of Trincomalee
  • India eyes China's Rio Tinto 'bid'
  • WB seeks expansion of South Asia trade
  • Everglades to claim cruise crown
  • EPA recasts marine diesel engine deadlines
  • Senate OKs Peru trade pact
  • EMSA adds seven to pollution patrol
  • Jurong yard takes Chinese stake
  • Lower costs for Aussie arbitration
  • Petronas seeks more reserves
  • Rio rumours hint at China bid

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The Journal of Commerceweb site
DECEMBER 5, 2007
  • A.P. Moller-Maersk plans to restructure ocean container operations: Report
    Container unit CEO Kolding says largest box carrier is 'cumbersome, and 'bureaucratic,' and is in danger of losing its top market ranking.
  • Eight sites join TWIC list
  • Container slump continues
  • Everglades plan approved
  • Storms block Canada rails
  • Japan lines to spend $545M for bulkers: Report
  • Mineta calls for sweeping U.S. maritime changes
  • Intercontainer adds box trains
  • Nehru plans trade zone
  • TWIC sign-up expanded
  • Report: TSA better at handling security information

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Containerisation Internationalweb site
DECEMBER 5, 2007
  • FEFC members: 'Next year as good as this year'
  • Offen cancels order for nine mega post-panamax vessels
  • Rebel Vancouver dockers get temporary security clearance exemption
  • UK RHA fuel protest update
  • Concor goes high-tech

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TradeWindsweb site
DECEMBER 5, 2007
  • Nichols Bros reopens
    After court reprieve, US shipyard is back open for business with a smaller workforce.
  • Top suing for $3.8m
    US-listed tanker owners takes charterer to court over tanker fixture take-back.
  • Out with the old
    US-listed DryShips confirms purchase of a 2001-built capesize and the sale of the 1993-built Netadola.
  • $30m for Navimag
    Family bets on Patagonian tourism boom with investment in the Chilean ropax owner.
  • Tough at the Top
    News of a potential $68.20m windfall following the pricing of its share offer can't halt the slide of Top Tankers stock.
  • Body of seafarer found in Wales
    Police not treating death as suspicious as body of Irish trainee cadet pulled from water in Swansea.
  • Nine missing in Med
    Two Algerian migrants pulled alive from water by crew of Dutch heavy-lift vessel but one body recovered.
  • Drayton fears 2008 fall
    Baltic Exchange chairman predicts record returns next year before supply outflanks demand.
  • Green light for UN Ro-Ro
    A US buyout firm receives the OK from Turkish officials to buy ro-ro player.
  • Voulgarakis outlines Greek blueprint
    Merchant marine minister says he'll dream up 'innovative measures' to boost domestic industry.
  • MES turns up power
    Japanese shipbuilder's Chinese ship-engine joint venture to get extra $45m to boost capacity.
  • Ninth Duckling joins flock
    US-listed Star Bulk Carriers pays $72m for the supramax E Duckling.
  • Opec leaves well alone
    Oil exporting cartel backs status quo and keeps crude output unchanged.
  • Evergreen ladies worth a packet
    Container giant bags $43m from four sale-and-leaseback deals involving ageing units.
  • Swissco adds four
    Alex Yeo-led offshore player splashes out $12.78m on new tonnage.
  • AAS bags $7m from Philly sale
    Jones Act tanker owner sells stake in its former shipbuilding arm to complete the separation of the two brands.
  • Egg-scused
    Master of Pasha Bulker not charged for grounding despite nipping from bridge for a spot of breakfast as weather worsened.
  • Erria sells two
    Danish owner offloads 60% of modern chemical carriers to limited partnerships.
  • Mols mulls nine
    Danish ferry owner could run extra nine vessels across Kattegat if road capacity is increased.
  • WFP standoff resolved in Somalia
    Rozen one of two vessels briefly prevented from unloading food aid for WFP at Somali port.
  • Havila bags sale cash
    Norwegian offshore player bags $45m in double sale-and-leaseback move.
  • Steimler to leave TI
    Tankers International VLCC pool boss pursues other projects as deputy steps up.
  • Cosco Pacific doubles up
    Container leasing group increases investment in terminals to boost profit.
  • SapuraCrest back in favour
    John Fredriksen's Seadrill has resumed its acquisition of shares in Malaysian drilling contractor.
  • ASP buys Silver Fern
    Australian shipmanager takes over New Zealand coastal tanker operation.
  • Four more for Vroon
    Order of additional support ships at Astilleros Zamakona brings series up to 13 for Dutch owner.
  • Maersk opts to go slow
    Danish giant adding more ships to Asia-Europe route in a bid to cut fuel costs and combat congestion.

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American Shipperweb site
DECEMBER 5, 2007
  • Mineta offers blueprint for new federal lead on maritime policy
  • Kolding leading Maersk Line fight back
  • Maersk consortium bidding on Navy ship
  • Dresdner Kleinwort lowers Maersk forecasts, valuation
  • Inchcape promotes Kumar to Asia Pacific commercial role
  • Bernuth Lines announces new charges
  • US Airways signs with AT&T for wireless real-time cargo tracking
  • Oregon shippers form coalition to voice rail concerns
  • RailAmerica plans customer service centers
  • Senate approves U.S.-Peru free trade pact
  • Kazakhstan backs off U.S. export declaration demand
  • Mihok to manage enlarged Eastern Europe region for Kuehne + Nagel
  • California walnut crop declines as demand increases
  • Court orders Tesco to conduct environmental review of Calif. DC
  • FMC receives 6 OTI licenses for review

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The Scandinavian Shipping Gazetteweb site
DECEMBER 5, 2007
  • Skuld announces small premium increase
    All clubs exept West of England in the International Group of P&I Clubs have announced their general premium increases for the next policy year. The increases ranges between 10-20 per cent, but Skuld has chosen a partly different path ...
  • SFI sells suezmax'es and cancel Frontline charter
    Ship Finance International (SFI) sells the two old 150,000 DWT, double sides single bottom suezmax'es Front Maple and Front Birch, both built 1991, to unknown buyers for USD 40.0 million net per vessel. SFI will make a compensation payment ...
  • StatoilHydro charters six seismic vessels
    StatoilHydro spends nearly USD 328.0 million to charter six seismic vessels to study 8,500 square kilometres of the Norwegian continental shelf. Three of the vessels, the 4,639 grt Atlantic Explorer, built 1987, the 9,209 grt Ramford Challenger, built 1996 ...

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The Bunker Bulletinweb site
DECEMBER 5, 2007
  • EPA diesel rule causes confusion
    US bunkering companies told they cannot sell marine distillates above 0.05% sulphur in Maine and East Coast areas.
  • Dry bulk rates set to fall
    Rates will peak next year, then slide, says chairman of the Baltic Exchange.
  • Big US inventory draw keeps oil firm
    Oil price further supported after US crude oil inventories fall more than expected.
  • OPEC decision sends oil prices up
    Producer group rejects calls for more oil to ease prices.
  • Ship's master to escape criminal charges
    Pasha Bulker grounding as combination of 'atrocious weather and poor seamanship'.
  • Maersk cuts speed to save fuel
    Schedule changes will 'complement efforts to mitigate fuel costs' and reduce the shipping company's 'environmental impact'.
  • Rotterdam market tight
  • Oil prices likely to remain volatile
    Oil prices not influenced by supply and demand alone, says analyst.
  • Oil firms lose appeal against fine
    High Court rejects second appeal by oil firms over oil spill conviction.
  • Indian refiner to offer untaxed 380 cst product
    India's largest oil refiner planning to sell duty free 380 cst material in Mumbai.

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