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Two of world's major oil drilling firms to merge
Two of the world's top oil drilling companies, Transocean and GlobalSantaFe, said on Monday that they would merge to consolidate their position in a fast-growing market.
Top S Korean shipyards post record profit, orders
Samsung Heavy Industries Co, the world's second-largest shipyard, reported record profit and Daewoo Shipbuilding & Marine Engineering Co, the third-biggest, set an all-time high for orders on booming demand for vessels.
Guangzhou yard sees soaring H1 net
Chinese shipbuilder Guangzhou Shipyard International Co said yesterday that it expects a more than 450 per cent jump in its net profit in the first half compared with the same period last year.

Strait Talk

You win some, you lose some
A COUPLE of weeks ago, global shipping experts met in London to tackle an extraordinarily wide range of complex technical subjects.

web site

Shipping News

Two of world's major oil drilling firms to merge
Two of the world's top oil drilling companies, Transocean and GlobalSantaFe, said on Monday that they would merge to consolidate their position in a fast-growing market.
Top S Korean shipyards post record profit, orders
Samsung Heavy Industries Co, the world's second-largest shipyard, reported record profit and Daewoo Shipbuilding & Marine Engineering Co, the third-biggest, set an all-time high for orders on booming demand for vessels.
Guangzhou yard sees soaring H1 net
Chinese shipbuilder Guangzhou Shipyard International Co said yesterday that it expects a more than 450 per cent jump in its net profit in the first half compared with the same period last year.

Strait Talk

You win some, you lose some
A COUPLE of weeks ago, global shipping experts met in London to tackle an extraordinarily wide range of complex technical subjects.

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JULY 24, 2007
China United Lines to start south China-Vietnam service Pusan Newport attracts CSAV, setting it on track to becoming a hub port Shandong builds logistics centre for Taiwanese investors Danaos to charter five 2,200-TEU box ships from HMM US congressional Democrats push for container scanning bill Rail machinists find accord with national freight carriers Singapore Airlines takes top spot in return-on-investment rankings Sydney Airport sees first half earnings rise 11.6pc Kitty Air looks to escape financial impasse, faces possible sale

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Orient Shipping Services launches improved, independent IPG service Randhir Pal takes charge as CEO of Freight Management India Pvt. Ltd Nautica Logistics completes a year of successful operations 4 qualify to bid for Alcock Ashdown control Cargo Partner Logistics makes grand entry into Gujarat Customs duty on edible oils reduced by up to 10 pc Russia resumes import of Indian rice MoS may rope in private sector to develop West Bengal's deepsea port project Higher port tariffs may hinge on service efficiency indicators Customs Dept may soon instal cargo scanners at Kandla Port Rlys prefers global cos in equipment manufacture Decision on development of non-processing area in SEZs soon SMEs seek prudent export strategy to minimise transaction costs

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Bremer Rhederverein elects new chairman India Equity Partners invest USD 18 million in Ocean Sparkle TCC wins South African support for Coyne New railway bridge over the River Rhine Kuehne + Nagel boosts sales and income in H1/2007

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JULY 24, 2007
New Tangier boxport opens Euroseas raises dividend Diamonds go into service Excel buys supramaxes Globus snaps up newbuilding

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JULY 24, 2007
Hornbeck swoops on Nabors Sea Mar OSV fleet $1.3 million penalties in pollution case Tidewater names new GM at Quality Shipyards Edda orders 600 bed accommodations vessel

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JULY 24, 2007
US close to signing 100% box inspection clause PROVISION to be included in the final draft of the 9/11 Commission implementation Bill. Impending US box inspection laws 'could shut ports and disrupt trade' ABP lays off Ipswich employees MOVE to make around 44 staff redundant comes after loss of business from Ferryways. Precious orders a dozen newbuilds at ABG HANDYSIZE specialist makes first foray into newbuildings with $360m order at Indian yard. Baltic box ports raise their game CONTAINER traffic in the Baltic Sea region will grow by 222% until 2015, says the Baltic Ports Organisation. The passing of paper IF there is to be any progress in eNavigation, then electronic charts must be made mandatory.

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JULY 24, 2007
US intermodalism lacks co-ordination Intermodal development in the US has been stymied by a lack of funding and co-ordination, according to a Congressional watchdog agency Kassian Maritime guilty of dumping KASSIAN Maritime Navigation Agency has agreed to pay $1.3M over oil dumping-related charges involving its Maltese-flagged bulker North Princess Second buyout for RMS Europe UK-based venture capital companies YFM and Partnership Investment Finance have supported a buyout of port services group RMS Europe by its directors Samsung builds giga profits SAMSUNG Heavy Industries has posted a sharp rise in quarterly profits, which is partly attributed to 'giga block technology' Scottish ferry fares to be investigated AS part of a review of all Scotland's ferry services, the recently installed government is reviewing what options it has to develop a strategy that extends Scotland's horizons MarAd budget may top $200M INDICATIONS are that the US Maritime Administration will have a slightly larger budget ' $203.8M ' to conduct its mission next year ABP blasted over Ipswich redundancies Hellenic unveils newbuild plans UECC's Wang steps up at Eukor Moscow lays out Estonia strategy DVB fund/Textainer acquire box lessor Precious orders 12 newbuildings ITF softens FOC stance

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JULY 24, 2007
LA-Long Beach port union talks resume Negotiations between office workers, shipping lines to consider 'final' offers. Federal court tosses truckers hours of service rules BNSF: Retailers not loading up on peak inventory ILA's Bowers steps aside UPS profits edge up ProLogis signs Europe lease SCI ship buy approved Japanese logistics giants begin cross-shareholding OOCL opens Pakistan unit Canadian Pacific Railway sees profits wane Mumbai boxes decline

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JULY 24, 2007
OOCL Yokohama and OOCL Kobe join the family CN intermodal volumes seen rebounding Steinweg swoop on Rotterdam container scene High noon for ICG CPR reports strong Q2 freight results

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JULY 24, 2007
Kassian to pay $1m fine Greek Panamax operator and ship's engineer plead guilty to US oil dumping crimes. Seacor loses out to Hornbeck Todd Hornbeck's Hornbeck Offshore is paying $220 to grab an OSV fleet that rival Seacor was set to take on from Nabors. Black day for Eitzen Soot pollution from chemical carrier leads to criminal prosecution in Australia. Euronav levitates First-half earnings are up by $10m at Belgium's Euronav after a quarter when rates for big tankers defied seasonal gravity. Foreign loans boost Varun Profits leap after revenues rise and company re-appraises overseas debt. Pac Basin waves two goodbye ...but welcomes handysizes back on one-year charters as sale to Japanese owner nets $33m gain. Samsung turns it on Korean yard sees high-priced vessel orders send second-quarter net profit sky high. Siem spot on Norwegian offshore owner sees second-quarter net income treble on back of 'healthy' PSV spot rates. Seadrill keeps buying John Fredriksen's offshore outfit continues to build stake in Malaysian drilling contractor SapuraCrest. ASL bags European orders Singapore yard gets $68m orders for five units but declines to reveal identity or number of owners involved.

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JULY 24, 2007
U.S. Navy awards $100 million materials contract for 10th T-AKE DNV opens maritime academy in Taipei International, trucking units lead 2nd quarter growth for UPS UAL's 2nd quarter profit up 130% Cargolux starts second Kinshasa service Swiss WorldCargo names Liguori cargo director for homeland WFS gives Morales senior role for North America CN lowers guidance as 2nd quarter profit slips 29% Teamsters organizing DHL drivers Tynes joins RailAmerica Bush forms committee to monitor import safety Penske inks deal with BMW Weber Distribution hires Smith as CFO Konezny new CEO at PeopleNet Gillfillan joins Moffatt & Nichol as senior transportation manager FMC wants OTIs to obtain bonds faster SoCal ILWU office workers present last offer, back to table today Bill to exempt N.Y. tugs from tax vetoed Longshoremen ask Army to investigate terminal redevelopment

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JULY 24, 2007
Diesel spill clean-up 'could take weeks' Response teams swinging into action after weekend grounding causes fuel tank rupture. Bunker suppliers face growing credit risks 'Only a matter of time' before bunker industry experiences 'unprecedented credit crunch'. Singapore fuel oil storage to revert to ExxonMobil Sources say major could use tanks for its marine fuel business. St. Petersburg market undercutting competitors Hike in Russian fuel oil export tax could widen differentials still further. Prompt supply still limited in Rotterdam Chimbusco gives bunker sales total China's state-owned supplier says it sold 1.7 million metric tonnes of bonded bunker product in first six months. Oil falls on OPEC output hint Analysts, however, do not expect oil prices to fall heavily. Malaysian firm to offer bunkering service in East Kalimantan Operation could be up and running by the end of the month. Bumper year for Tokyo-based supplier CEO of International Bunker Services K.K. expects crude oil prices to go into downward spiral in the next 12 months.