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25 September 2021 The on-line newspaper devoted to the world of transports 00:14 GMT+2

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The Business Timesweb site
DECEMBER 12, 2007
Shipping News
  • Caribbean tanker rate hits 11-month high
    The rate to transport oil from the Caribbean on Aframax ships rose to an 11-month high as demand exceeded the supply of vessels in the region.
  • Asciano to spend A$529m expanding rail transport for coal
    Asciano Ltd, Australia's largest port and rail operator, will spend A$529 million (S$674.5 million) expanding into coal transport in Queensland state as Asia's demand for the fuel surges.
  • Sinotrans sells stake
    Sinotrans Air Transportation Development said yesterday that it has agreed to sell its entire 50 per cent stake in a freight forwarding unit to a Deutsche Post subsidiary for 61.05 million euros (S$129.1 million).
Strait Talk
  • Common sense prevails - at last
    GENERALLY speaking, International Maritime Organization (IMO) conventions, regulations, guidelines and codes are the product of painstaking work by technically qualified experts based on their knowledge and understanding of the issues and the shipping industry. That is one of the key strengths of this United Nations agency.

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Sched Netweb site
DECEMBER 12, 2007
  • New World Alliance shipping lines to cut more capacity via Panama
  • China road transport rate up 1.8 pc in November, says NDRC
  • Shandong seaports volume to surpass 11 million TEU in 2007
  • Hainan starts work on new logistics centre
  • Grand Alliance cuts UK direct calls as congestion mounts
  • War risk insurer Hellenic to cut premium rates to 2002 levels
  • GAC Group opens 13 shipping agency offices across Australia
  • Continental applies to operate daily from Houston to Bogota
  • California agricultural shippers look to passenger service changes
  • Australia goes slow on 100pc air cargo screening for explosives

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Exim Indiaweb site
DECEMBER 12, 2007
  • Embassy group to focus on India
  • Switzerland keen on FTA with India
  • Govt to allocate Rs 750 cr. for 5 jetties at Diamond harbour
  • DFBOT model for Bengal seaport mooted
  • GTI's tidings of great joy!
  • GMB entitled to charitable institution status, holds SC
  • State govt putting Nagpur cargo hub initiative on fast track
  • Freight corridor-II to start soon-Lalu
  • Railways confident of achieving freight earning target
  • 2-day meet on building warehousing competitiveness
  • ICD-Loni emerging as important ex-im trade facilitator
  • PM permits study for rail corridor from Mumbai to Kanyakumari
  • Govt considering more export services for tax relief
  • Govt earmarks Rs 167 bn for roads, bridges
  • Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan

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International Transport Journalweb site
DECEMBER 11, 2007
  • TFG Transfracht names regional director for Switzerland
  • Financing of container terminal in Damietta
  • Alitalia bids are in
  • Railion launches freight services on Betuwe line
  • FFG Hillebrand changes name

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Marine Logweb site
DECEMBER 11, 2007
  • Macao court suspends CotaiJet ferry service
  • Sneak tax attack on U.S.-flag shipping
  • Bisso Marine launches four tugs

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Lloyd's Listweb site
DECEMBER 11, 2007
  • Samsung urged to take lead in clean-up
    V.SHIPS puts pressure on barge owner to lead clean-up operations after speculation it may snub meeting called by South Korean government.
  • Apollo buys Regent Seven Seas Cruises US investment group expands its portfolio of cruiseship companies
    IFM warns Brussels over class ruling FRANCE'S maritime body warns that efforts to force class societies mutual recognition of shipboard marine equipment classification represent a 'serious threat' safety.

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Fairplayweb site
DECEMBER 11, 2007
  • Tanker market takes off
    After a year of sluggish performance, the tanker market is suddenly perking up
  • Costa puts second ship into Asia
    CARNIVAL subsidiary Costa is to put the Costa Classica into Asia from 2009, doubling its presence there
  • Iran sells out of Tidewater
    IRAN'S maritime administration, the Ports & Shipping Organisation, is to sell its entire holding in Tidewater Ports and Marine Services Co
  • Nigerian pirates up the ante
    THE industry is being warned over two serious incidents off Lagos, Nigeria, in one of which pirates took hostages, shot at the master and threatened more attacks at his next port of call
  • DVB nominates sector leaders
    GERMAN transport bank DVB is in the final stages of an organisational shake-up which will see the group's shipping division divided into sector specialist teams
  • California adamant on cold ironing
    CALIFORNIA'S air pollution watchdog has approved tough cold ironing regulations for container, passenger and reefer ships calling at the state's six main ports from 2010
  • Cruise ship collides with barge
  • Green dispute delays shortsea scheme
  • Baltic gets its feet wet
  • L&T finds partner for VLCC shipyard
  • STX Pan Ocean targets $100M
  • Russian maritime left headless
  • Captain was advised to move tanker

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The Journal of Commerceweb site
DECEMBER 11, 2007
  • Peak season falls flat at West Coast ports
    Oakland and Portland experienced moderate growth in October, while LA-Long Beach and Seattle-Tacoma suffered another month of declines.
  • Italy truck strike spreads
  • U.S., China in safety pacts
  • Deutsche Post buys out Sinotrans in forwarder JV
  • NYK starts Baltic feeder
  • FreightDesk in Jordan pact
  • Rise in trans-Atlantic air rates
  • New problems for Chennai
  • O-H Logistics expands in Atlanta
  • States investigate New York Waterfront Commission
  • Mumbai boxes decline

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Containerisation Internationalweb site
DECEMBER 11, 2007
  • Regulatory delay hits CN purchase of Chicago railway
  • NCC Black Sea ports surge by 40%
  • Khor Fakkan welcomes CSAV vessels
  • DVB's new organisation effective from January 1, 2008
  • Italian truck strike causes chaos for freight

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TradeWindsweb site
DECEMBER 11, 2007
  • Horizon Lines plunges
    Stock price at US containership owner shrinks by 10.3%, a day after downgrade from JPMorgan Securities.
  • Regent deal confirmed
    New York private equity firm Apollo Management buys up Florida cruise line from Carlson.
  • Macau ferry blocked
    Court blocks Sheldon Adelson's Cotai Strip Cotaijet less than two weeks into Hong Kong-Macau service.
  • Magic pipes play on
    Two more bypasses found by US Coast Guard, while a UK-flag LNG carrier is among latest clutch of detainees.
  • More time for crime
    Brazilian legislature is moving to up the penalties for attacks against shipping.
  • Costa looks east
    Carnival's Costa Cruises moves a second ship, the Costa Classica, to Asia to serve Chinese passengers.
  • Wilson grabs two more
    Oslo-listed bulker owner splashes $14m on third German-owned brace in as many months.
  • Tallink secures Danske loan
    Estonian ferry operator bags EUR 144m, ten-year loan from Danske Bank to fund Aker newbuilding.
  • ECJ: Viking was restricted
    European Court of Justice rules action against ferry company was a restriction of freedom of establishment.
  • Tankers in short supply?
    Owners break out the bubbly as Citigroup predicts VLCC demand to outstrip supply as single-skins phased out.
  • Baltic trials dollar tanker index
    London exchange to introduce assessment for VLCCs based on time-charter equivalents to aid transparency.
  • Li dumps more Cosco stock
    Asia's richest man will bank $450m from latest share sale as he continues to shed China Cosco holding.
  • Sea-Invest buys again
    Belgian stevedoring company adds French tanker player Petromarine to recent acquisition of Fouquet Sacop.
  • 'Recovery could take years'
    Greens warn South Korea may need over a decade to recover following its worst ever oil spill.
  • Top banks $69.5m
    Nasdaq-listed owner gets a boost at the end of its share offer but returns still fall short of expectations.
  • JES prices high
    Chinese shipbuilder launches Singapore IPO at top end of analysts' estimates.
  • TUI claims Babcock victory
    German parent of Hapag-Lloyd says district court has thrown out insolvency case brought by liquidators.
  • Cosco to pay up over sinking
    Swedish coastguard wins SEK 29.5 for anti-pollution efforts following Fu Shan Hai loss off Denmark in 2003.
  • Ramakrishnan gets wet feet
    Shreyas Shipping & Logistics looks for a $15m entry into the tanker market after inking an accord for a second hand unit.
  • Baltnautic must sharpen up
    UK accident investigators urge Lithuanian manager to improve watchkeeping after fatal clash with fishing boat.
  • WSF oldies to be scrapped
    Washington state ruling means end of the line for 80-year-old quartet pulled from service with corroded hulls.
  • NCL ship in Uruguay collision
    Boxes and vehicles lost from barge outside Montevideo after collision with cruise ship with 1,700 passengers onboard.
  • More gloom for IHI
    Under-pressure Japanese shipbuilder will restate 2006/7 earnings to reflect loss on engineering projects.
  • Two more for Damen
    AMS of Australia adds tug duo to Dutch shipbuilder's swelling orderbook.
  • Volumes jump at NOL
    Singapore liner operator says it carried 15% more containers in the past month compared to a year ago.
  • NYK eyes St Petersburg
    Japanese shipowner to launch a new feeder service in the Baltic via a slot chartering agreement.
  • Step up to the plate
    Hosco and V Ships call on Samsung Group to take the lead in Hebei Spirit clean-up operation.

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American Shipperweb site
DECEMBER 11, 2007
  • New World Alliance, CMA CGM reducing Asia/U.S. East Coast capacity
  • UNCTAD: World ocean trade increased 4.3% in 2006
  • Maersk moving two ships from container to bulk trade
  • APL's average box revenue up 12%
  • Danaos orders three 10,100-TEU boxships from Hyundai Samho
  • British Airways World Cargo adds Dubai service
  • WCO seeks 'constructive engagement' on 100% scanning
  • Deutsche Bahn rebrands all units
  • GAC Marine Logistics opening Rotterdam warehouse
  • Port of Miami contemplates public-private ventures
  • Spitzer orders investigation of N.Y. Waterfront Commission
  • SoCal ports to consider low-sulfur fuel regs for cargo vessel
  • CARB approves new port truck, vessel emission regulations
  • Brinson: S.C.-Ga. port merger a "fresh idea"
  • Panama port box volumes up 40%
  • U.S. Coast Guard: COSCO Busan pilot "not physically competent"
  • Portland port to sell headquarters building

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The Scandinavian Shipping Gazetteweb site
DECEMBER 11, 2007
  • Antares out of service
    The Norwegian ro/ro vessel Antares hit the seabed at Monday evening, shortly after it departed from Åbo. The vessel thereafter returned to the port for inspection, it will now be docked due to repair. Antares was on is way ...
  • Record orderbooks but hardly any profits
    Despite a record orderbook of between NOK 60 and 70 billion Norwegian yards hardly has any profit to show for it. Orders from the offshore industry dominate the yards and, according to Møreforskning (Møre Research) both the offshore operators and ...

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The Bunker Bulletinweb site
DECEMBER 11, 2007
  • More fuel switching in the future predicted
    Industry poll seeing greater distillate fuel use, but uncertainty ahead of IMO revisions.
  • High freight rates hit arbitrage
    North European fuel oil market sees few fuel oil export opportunities.
  • Barge congestion in Black Sea port
    Four barges out of action in Novorossiysk, according to reports.
  • Compensation agreed four years after bunker spill
    Cosco agrees to contribute over $9 million to clean-up costs.
  • Rotterdam edges higher at midday
  • Hyundai's bunker fuel supply to resume next week
    South Korean refiner's bunker supply affected by major spill last Friday.
  • Indonesian refiner to introduce 380 cst
    Pertamina hopes to increase regional market share through offering 380 cst bunker grade from early next year.
  • Korean tanker hull rule unchanged
    Maritime ministry has no intention to accelerate phase-out of single-hulled oil tankers after recent major oil spill.

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