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Guangzhou Port Group plans to go public in Q4
GUANGZHOU Port Group, an operator at China's third-largest cargo port, plans to raise up to US$750 million from an initial public offering in the fourth quarter, says a report in the South China Morning Post, citing sources.
Demand may boost Persian Gulf rates in Feb
THE cost of shipping two million barrels of crude oil to Asia from the Middle East, which was little changed last week, may increase as bookings for February cargoes reduce ship availability.
Hudong Heavy selling shares to raise 12b yuan
HUDONG Heavy Machinery Co, China's biggest maker of diesel engines for ships, will sell 12 billion yuan in shares to a group of companies to buy shipyards from its parent and raise cash for new technology.
Cargo ship runs aground in Spain, spills engine fuel
Dubai World Central's first A380-enabled runway on track

Port Shots

Port shots
DUBAI Ports World has won regulatory approval to build a 3.48 billion yuan container port project in east China, the country's top economic planner said yesterday.

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Shipping News

Guangzhou Port Group plans to go public in Q4
GUANGZHOU Port Group, an operator at China's third-largest cargo port, plans to raise up to US$750 million from an initial public offering in the fourth quarter, says a report in the South China Morning Post, citing sources.
Demand may boost Persian Gulf rates in Feb
THE cost of shipping two million barrels of crude oil to Asia from the Middle East, which was little changed last week, may increase as bookings for February cargoes reduce ship availability.
Hudong Heavy selling shares to raise 12b yuan
HUDONG Heavy Machinery Co, China's biggest maker of diesel engines for ships, will sell 12 billion yuan in shares to a group of companies to buy shipyards from its parent and raise cash for new technology.
Cargo ship runs aground in Spain, spills engine fuel
Dubai World Central's first A380-enabled runway on track

Port Shots

Port shots
DUBAI Ports World has won regulatory approval to build a 3.48 billion yuan container port project in east China, the country's top economic planner said yesterday.

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World's top 10 shipping lines raise global market share to 60pc Kerry and Talke sign deal to provide chemical logistics services in China Long Beach CT buys green equipment for cranes MOL reduces Durban link to S America, but increases frequencies from Asia Port Klang expects TEU growth to slow in '07 Dragonair to fly daily to Phnom Penh Indian domestic retail giant eyes air cargo market UAL posts Q4 loss of US$61m

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JANUARY 29, 2007
Change at the top at Swissport International Port of Hamburg continues its record series in 2006 Alitalia posts higher than expected 2006 loss 2006 was a bumper year for the port of Weil Sifte Berti and PostLogistics cooperate

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JANUARY 29, 2007
More money for DDG 1000

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JANUARY 29, 2007
Waterfront Advisory Group will discuss Fairhaven plans Pair of public open houses set for Portland Airport projects CCMA-CGM coming back to Transpacific Stabilization Agreement Truck tonnage index shows improvement in December Pacific-Gulf Marine hit with pollution fine

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Shipowners blast EU protectionist measures OWNERS fear measures such as the introduction of European cabotage laws would lead to global retaliation. Shipping groups express concern about EC maritime Green Paper Shell and Repsol sign Iran LNG deal AN UPSTREAM services agreement on the Persian LNG project puts Iran in the running to join the club of LNG exporters. Sovcomflot strikes gold with Rosneft partnership RUSSIA'S premier shipping group strikes deal to act as offshore technical manager for state oil giant Rosneft.

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JANUARY 29, 2007
Reefer owner fined after grounding THE owner of a reefer vessel that ran aground yesterday after dragging anchor in heavy weather must come up with euro1.2M to cover possible fines and costs Majors reassess MidEast strength MAJOR container terminal operators are reassessing their presence in the Middle East region in a bid to strengthen competition Brazil to export its way forward BRAZIL'S are expected to gain great benefit from a new initiative launched by re-elected president Lula that aims to improve transport and infrastructure Cantarell plunge confirmed OUTPUT from Cantarell, Mexico's largest field, is falling as fast as feared, implying a future tonne-mile upside for US tanker imports Indian unions oppose ratings move Goa ore handling delayed by sinking Egypt rethinks Red Sea ferry services SNCM, CMN reach ferry truce Lanka navy foils port attack Cruise case brings call for onboard police Casino ship is good bet for Star Oceanschedules.com goes live Cosco's Tong Cheng under repair Olsen holdings to spin off FPSOs

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JANUARY 29, 2007
Box ship charter rates strengthen Charter rates inch upwards as ocean carriers gain confidence that cargo volumes will remain buoyant on key long-haul routes. TWIC contract awarded to Lockheed Martin APL container revenue down Port of Savannah volume boosts box ranking DP World to boost capacity 50% Intermarine's Kavanagh dies Gain for world air cargo Finnlines urges shareholders to reject Grimaldi offer NOL sells OCWS Logistics Oman opens new box terminal Slight revenue gain for OOCL

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JANUARY 29, 2007
Carriers compensate for weak Asia/Europe eastbound trade through westbound rate rises Shipping lines operating in the trades between Asia and Europe are attempting to compensate for a collapse in eastbound rates by raising westbound charges according to one executive source. New loop and a new partner as CKYH reshuffles Asia-Mediterranean services The CKYH Alliance will re-arrange its Asia-Mediterranean services to address the growing demand in the East Mediterranean region, adding a new service and a new partner - CMA CGM. Hyundai Jakarta to conclude HMM's Asia-Europe Express upgrade South Korean shippers seek to curb freight rates Halifax loses out in Maersk's Middle East services re-shuffle Chittagong feeder calls rise in spite of political unrest Minister set to inaugurate Vallarpadam link projects next week

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JANUARY 29, 2007
Gard pulls ahead Norwegian P&I club upgraded to A+ as free reserves head towards $500m. Duo launch new Med run China's Cosco and French owner CMA CGM join up for Asian link to Spain and Italy. Saaremaa to order new ferries Estonian owner in talks with Fiskerstrand of Norway for three newbuildings. Bulker grounds in Suez Canal Egyptian authorities refloat Chinese capesize after it suffered steering problems. Three more for KFS? Kenyan ferry operator needs additional new ships to ease congestion in Mombasa. Growing pains at SCI New start-up liner services hurt Shipping Corp of India in third quarter, while rates remain weak. Fraud row for arbitration Appeal court overturns anti-arbitration ruling in Sovcomflot bribery and corruption saga. Hyundai-Vinashin fined Joint-venture Vietnamese shipbuilder in trouble for copper slag pollution. CSSC revs up listing plan Chinese shipyard group using share sale by ship engine-making unit Hudong Heavy to effectively float some of its assets. New tankers for Azerbaijan Caspian exporter wants to launch dedicated aframax company for Georgian and Turkish loadings. Ferry terror in Turkey Turkish nationalist threatens to blow up vessel in Dardanelles in protest at pro-Armenian journalist's funeral. New ferry lifts Eckero Finnish owner's eponymous ro-ro pushed it to record volumes last year. Olsen looks for cash Private placement of shares set to raise $200m for new FPSO offshoot Fred Olsen Production ASA. Thoresen offloads oldie Thai bulker owner sells thirty-year-old general cargo vessel in bid to improve fleet age profile. Arab Heavy builds profit Keppel Corp-managed yard in UAE sees 2006 profit and turnover rise in 2006. Varun buys offshore duo Indian tanker and gas carrier player adds 2001-built anchor-handlers to boost India's oil exploration sector. Odessos slips Bulgarian shiprepairer and part-owner of Varna Shipyard sees profit, revenue eroded in 2006. Reefer grounds off Spain Pollution clean up underway after strong winds blow ship ashore, reportedly breaching its hull.

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JANUARY 29, 2007
OOCL's revenue per TEU down in 4th quarter, year APL's average revenue per FEU slides Hamburg Sud spends $500 million for 5 ships from Daewoo's Romanian yard "MSC Napoli" container salvage operation delayed MarAd, Ex-Im Bank starts transportation freight financing program New World Alliance finalizing Asia Europe Express vessel upgrade Seaboard Marine buys multipurpose vessel INTTRA unveils new schedule site Ship powered by fuel cell expected in 2008 DHL starting China domestic air freight services MNG Airlines orders two A330-200 freighters Cargolux lowering fuel surcharge Senators press to release $4 billion for transportation infrastructure STB: Rail fuel surcharges must be tied to actual costs GAO: Rail safety framework sound, but more inspections needed Idaho gains e-manifest capability U.S., Uruguay enter trade and investment agreement NOL selling OCWS Logistics for S$20 million GAC's Shanghai office awarded A-Class forwarding license Dubai Ports World to boost capacity 50%, still keen on U.S. investments Long Beach to solicit environmental comments on new terminal plan Vancouver, USA port lays out development plans over next decade Ningbo to build new container terminal New terminal celebrated at Port of Sohar Washington container fee bill emerges Seattle, Oakland lag in terminal efficiency

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JANUARY 29, 2007
Finnlines expect substantial compensations Finnlines estimates that the compensations for delayed delivery of the Italian newbuildings of Finnstar-class will be substantial. The result ... NOx-free shipping is here New figures from the Swedish Maritime Administration, SMA, show that it is possible to operate ships without almost any NOx ... Many FPSO projects are high risk Of the 24 FPSO projects currently planned or commenced, 12 are started with prior contracts. These speculative investments amounts to ...

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JANUARY 29, 2007
Product glut plays havoc with ARA market LSFO February barge swaps at record discount to HSFO as export plans and strong contango belies prompt glut. Chemoil buys VLCC for storage Chemoil chief says VLCC suits strategy of acquiring strategic assets, boosting competitiveness. Napoli oil suspected in France No new leaks reported as dangerous salvage operation gets underway. Storms claim another casualty Fuel leaks from a reefer blown aground near Gibraltar, bunkering resuming after stormy weekend. ARA market remains firm Hong Kong bunker market faces 'serious shortage' MGO and 180 cst products tight while competitive 380 cst prices draw higher enquiry volumes. Titan open to 'various alternatives' for storage in Singapore Titan also looking to lease up to 75% of its Nansha storage capacity to fuel oil traders.