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24 September 2021 The on-line newspaper devoted to the world of transports 23:29 GMT+2

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The Business Timesweb site
DECEMBER 20, 2007
Shipping News
  • Oil tanker rates from Caribbean hit 3-year high
    The rate to transport oil from the Caribbean on Aframax ships advanced to more than a three-year high amid a regional shortage of ships available for charter.
  • Oil-spill costs to exceed federal liability limit
    Clean-up costs for last month's oil spill in San Francisco Bay are on track to exceed the US$61 million federal insurance liability limit, the US Coast Guard said on Tuesday.

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Sched Netweb site
DECEMBER 20, 2007
  • DP World invests US$162.48 million in two Wenzhou terminals
  • NYK offers Baltic Express feeder service (BAX) to St Petersburg
  • Shenzen's SCT sets new record for box handling on CSCL ship
  • Zhejiang Shangyu to build 10 million tonne terminals
  • MOL (Europe) opens shop in Denmark, Sweden and Finland in January
  • Chennai container terminal lifts its millionth TEU
  • MSC adds Portugal direct call at Sines to Asia-Europe Lion service
  • Mombasa port dredging delayed on demands of new bidders
  • Schenker signed as distributor for Miele products in Finland
  • NCC pushes for lower export shipping costs in the Philippines
  • IATA sees slower growth, profit to fall on US credit crunch
  • Japanese domestic airfreight shipments sees 0.3pc drop in '08
  • Frankfurt goes ahead with expansion before court challenge settled

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Exim Indiaweb site
DECEMBER 20, 2007
  • MoS makes out strong case for minimum shipbuilding subsidy of 20 pc
  • Greatship orders 2 state-of-art support vessels
  • Rs 45 cr. orders bagged at coir fair
  • Box handling operations at CCT hit by deluge, gusty winds & listing ships
  • Curtains to go up on BCHAA's Sapphire Jubilee celebrations today
  • Rlys post 11 pc rise in revenue-earning freight during April-Nov.
  • Pvt. box train operators give roadways a run for its money
  • New Chennai Township's SEZ notified
  • Reddy projects GDP growth rate at around 8.5 pc
  • Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
  • CII holding 2-day programme on Customs valuation rules in TN
  • Spice & foodstuff exporters' body elects office-bearers for 2007-08

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International Transport Journalweb site
DECEMBER 19, 2007
  • Ewald Kaiser leaves Kuehne + Nagel, succeeded by Xavier Urbain
  • Rail Cargo Austria with two new board members
  • Clecat elects board
  • New Ilyichevsk-Poti container ferry service
  • Aviapartner signs major contract with Lufthansa and Swiss in Venice
  • Gebrüder Weiss erecting new forwarding facility near Basel
  • Russia, South and North Koreas to discuss rail link

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Maritime Global Netweb site
DECEMBER 19, 2007
  • Skaugen sells LPG newbuildings
  • UK foot and mouth restrictions end
  • Russian authorisation for GL
  • Arctic liferaft launched
  • FANZL rebrands

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Marine Logweb site
DECEMBER 19, 2007
  • R&R Marine to build barges for Blessey

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World Wide Shipperweb site
DECEMBER 19, 2007
  • Port of Longview honored for 20 years of clean audits
  • Foss taps Mike O'Shea as oil field services V.P.
  • Holland America Line continues 'Best Value' string
  • Governor earmarks funds to build three new ferries
  • Freight transportation index rises during month of October

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Lloyd's Listweb site
DECEMBER 19, 2007
  • European yards gear up for new R&D initiative
    AFTER successful completion of InterSHIP, yards now hope to launch new joint effort called BESST.
  • One year on, Intership puts Europe in strong position
  • ABG bags newbuild orders worth $253m
    YARD wins orders from Precious Shipping, Lamnalco of Cyprus and Maridive & Oil Services SAE of Egypt.
  • German owners give Hamburg top marks
    GERMAN owners have given Hamburg the best rating among northern European ports.
  • Sri Lanka ports boss keeps a steady focus
    SLPA chairman Saliya Wickramasuriyais views things differently from his predecessors.
  • More plateau than peak
    THERE is no such thing as a "small claim" these days.

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Fairplayweb site
DECEMBER 19, 2007
  • Korean spill: four masters arrested
    Korean Newspapers and Broadcasting have reported that two tug boat captains - Mr Cho (51) and Mr Kim (45) ' the captain of the floating crane (Mr Kim - 39) and Capt Chawla of the Hebei Spirit are under arrest and will be investigated for violations of the maritime pollution prevention law
  • Rhodin takes over at Swedish Club
    LARS Rhodin is to succeed Frans Malmros as MD of the Swedish Club in July
  • Tata Power to foray into shipping
    TATA Power Co, India's largest private electricity generator, yesterday told local stock exchanges that it plans to enter the shipping business
  • Viking: bump to follow bumper year
    MORE passengers and cargo combined with higher passenger fares helped Viking Line, the Finnish cruise ferry operator, to increase net profit to €24.8M
  • More to follow Yangzijiang example
    BANKING executives say that Yangzijiang Shipbuilding's strong post-listing showing will encourage more Chinese offshore and marine firms to head to Singapore
  • Higher liability for cargo ships
    LIABILITY limits for cargo vessels ' and probably tank barges ' are likely to be raised in the wake of testimony yesterday before a US Senate subcommittee
  • Former AWB officials to face court
  • DFDS sells 29-year old ferry
  • Indian shipyard subsidy to be cut

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The Journal of Commerceweb site
DECEMBER 19, 2007
  • TACA raises eastbound rates
    Surging exports from the U.S. to Europe have tightened space dramatically, the carrier group said.
  • NAM: U.S. should acknowledge China yuan manipulation
  • STB rejects Horizon Lines' claim of 'sham movements'
  • Justice drops NAFTA records case against Ford
  • Baltimore seeks private investor for Seagirt berth
  • Trade gap narrows in Q3
  • Approval of Miami port tunnels one vote away
  • Union Pacific cuts outlook
  • Long Beach approves cargo fee
  • China Post Logistics eyes $2B IPO: Report
  • OceanFreight gets bulk duo

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Containerisation Internationalweb site
DECEMBER 19, 2007
  • Tasco to list on Malaysia stock exchange
  • Sale rumours surround Ceres Paragon
  • Australian shippers face new year rate rises in Asian trades
  • Zim applies for FEFC membership
  • IPBCC to hike rates further

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TradeWindsweb site
DECEMBER 19, 2007
  • Horizon rebounds
    US container shipping company's stock price jumps 12.1% a day after hitting a 52-week low.
  • Hedge fund pulls back
    US hedge fund QVT Financial agrees to pull back from 16.9% share of Top Ships.
  • Analyst ratchets Top
    Cantor Fitzgerald analyst cuts her price target for Top Ships but says the stock is still undervalued.
  • Spill cleanup to hit $61m
    US Coast Guard Commandant says cleanup costs for an oil spill in the San Francisco Bay could exceed a federal insurance liability cap.
  • Ferry checks abound
    Washington State Ferries and the US Coast Guard have widened ferry inspections after hull pitting retires four.
  • Swedish Club taps inside man
    Veteran claims chief Lars Rhodin is named as next managing director of Gothenburg hull and P&I mutual.
  • Fanzl brand nixed
    Hamburg Sud etches the tombstone on another brand as Fesco Australia-New Zealand Liner Services becomes, well, Hamburg Sud.
  • EC to probe STX buy-in
    Competition regulators are to launch an in-depth probe into STX's move to buy up 39.2 percent of Aker Yards.
  • Numbers up at Viking
    Finnish ferry owner Viking Line sees hike in passenger volumes push up annual revenues and profit.
  • Jinhui pays for prompt delivery
    Hong Kong owner snaps up supramax bulker due next March - for twice as much as its last newbuilding deal.
  • DFDS ditches Duke
    Danish owner lets 1978-built veteran go to Brittany Ferries, which has been chartering it since February 2006.
  • RCL inks two at Dae Sun
    Thai intra-Asian boxship player signs for a pair of 950-teu units at South Korean yard for $24m spend.
  • We are sailing
    Beluga Shipping flies a kite for a 20% reduction in bunker consumption.
  • BLT downgraded
    Fitch Ratings says Indonesian owner will have high level of leverage after buying Chembulk Tankers.
  • Tata Power wants ships
    Indian group seeking shareholder approval to acquire vessels to move coal from Indonesia.
  • Skaugen sells gas pair
    Last two of Norwegian owner's three "wintergas" ships go to mystery buyer for $29m en bloc.
  • Wilson goes big on minis
    Oslo-listed owner signs for eight 4,500-dwt bulker newbuildings at Chinese yard.
  • PGS rues downtime
    Oslo-listed owner says survey ships were out of service for longer than expected, leading to lower forecasts for Q4.
  • JES down on debut
    Chinese yard's share price falls in first day of trading in Singapore.
  • Erria pockets $14.3m
    Danish tanker owner will use share issue cash to fund expansion.
  • Offen to slash lube bill
    German containership operator installing new electronically-controlled system in bid to save costs.
  • Grain Harvester re-floated
    Quintana Maritime panamax awaits inspection after grounding outside Australian port with pilot onboard.
  • Bulker binge continues
    Japan's shipbuilders continue to haul in large quantities of newbuilding orders for dry tonnage.

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American Shipperweb site
DECEMBER 19, 2007
  • TACA raising eastbound rates
  • Zim to join FEFC for last hurrah
  • Three Japanese companies form JV for Asia express services
  • Forward Air opening Chicago hub
  • Russia proposing freight terminal in North Korea
  • Pugh resigns as NMFTA executive director
  • Kuehne + Nagel's head of rail & logistics quits
  • Bolt seals come full circle
  • U.S., Vietnam hold first meeting under trade facilitation agreement
  • European Shippers' Council notes revision in WCO SAFE Framework
  • EU clears U.K. meat products for export
  • Tata Group eyes logistics/shipping unit to support power production
  • Fain joins Ozburn-Hessey Logistics
  • Perez leaves DHS
  • Port security grants face uncertain future in DHS bills
  • Long Beach port approves $35 container tax, L.A. port votes Thursday
  • Green groups appeal to L.A. City Council over port development
  • Port Everglades expects to pass Miami as top Florida port
  • Baltimore considering 50-foot berth

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The Scandinavian Shipping Gazetteweb site
DECEMBER 19, 2007
  • Sale or spinoff of Aker Yards offshore divison
    Aker Yards is considering sale or spinoff of its offshore and specialised vessels division to enhance shareholders value. The five yards under consideration are Aukra, Brevik, Langsten, Brattvåg and Søviknes. Should the board decide to sell, expert feel the price ...
  • Norwegian vessel to spy on Japanese whaling fleet
    Australian Prime Minister Kevin Rudd plans to use the Norwegian-owned cable laying vessel 'Oceanic Viking' to spy on the Japanese whaling fleet. The vessel is owned by Eidesvik, but on charter to P&O Maritime since 2000. The owners ...

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The Bunker Bulletinweb site
DECEMBER 19, 2007
  • OceanConnect expands office network, team
    Company continues to broaden its 'worldwide footprint' with new location and appointments.
  • US crude, heating oil inventories plummet
    Stocks of heating oil down by a third from a year earlier just as winter begins to bite.
  • Bunker prices expected to hit earnings
    Viking Line says current fiscal year likely to see fuel costs rise.
  • SkySails ship 'ready to sail'
    Ship operator looking for bunker savings of 20% to 30%.
  • Barge rates revised in Istanbul and Izmit
  • Russian energy giant starts bunker operations
    Gazpromneft Marine Bunker wants 30% share of the Russian market within three years.
  • Rotterdam: Barging very tight
  • Singapore residual fuel stocks dip
    Bunker traders seeing higher marine fuel demand ahead of year-end holiday period.

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