http://www.lloydslist.com/sec/news?src=rss News headlines from www.lloydslist.com en-gb The content of this feed is copyright by Informa plc. Reproduction, retrieval, copying or transmission of the content of this site is not permitted without the publisher's prior consent. Lloyd's is the registered trademark of the Society incorporated by the Lloyd's Act 1871 by the name of Lloyd's webeditor@lloydslist.com webeditor@lloydslist.com Mon, 12 May 2008 00:00:00 GMT Mon, 12 May 2008 05:00:02 GMT News http://www.lloydslist.com/rss 30 144 43 http://www.lloydslist.com/content/rss/lloydslist/lloydslist_rss_logo.gif Saturday http://www.lloydslist.com/art/1210216495043&src=rss WORK on the Long-Range Information and Tracking programme is continuing at the International Maritime Organization’s Maritime Safety Committee meeting in London, with the secretariat desperate to secure agreement on a number of key issues ahead of the January 1, 2008 deadline. Neville Smith Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495128&src=rss AKER Floating Production has dismissed its chief executive Svein Olsen following cost overruns on an FPSO conversion project. Martyn Wingrove Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495158&src=rss SHARES in Pacific Basin Shipping took a battering on Friday, falling nearly 6.9% to close at HK$13.54 after the Hong Kong-listed handysize specialist confirmed it had raised HK$2.1bn ($274.5m) last week from a new share placement. Keith Wallis Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495223&src=rss THE containership newbuilding market has burst back into life with a massive $1.3bn order from Cosco Container Lines for eight 13,350 teu vessels. Janet Porter Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495033&src=rss MAJOR changes for the World Maritime University, which are expected to include a new management and reformed board of governors, have been announced by the International Maritime Organization, writes Michael Grey. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495038&src=rss US OBJECTIONS to an IMO plan to make mandatory casualty investigations by flag states should not be enough to prevent its adoption by MSC 84, but the country will continue to object to provisions designed to protect seafarers, writes Neville Smith. Neville Smith Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495063&src=rss HYUNDAI Heavy Industries, the world’s largest shipbuilder, has broken ground on a new shipbuilding yard in the southwestern port city of Gunsan, writes Mike Grinter in Hong Kong. Mike Grinter Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495068&src=rss SOUTH Korea’s STX Shipbuilding was well placed to catch some of the long anticipated wave of very large crude carrier orders last week, writes Mike Grinter. Mike Grinter Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495073&src=rss Yang Ming to spin off bulk Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495078&src=rss INTERNATIONAL Maritime Satellite Organisation secretary-general of the Esteban Pacha has confirmed that the budget for its role as long-range identification and tracking of ships co-ordinator has been approved, though it is not yet fully funded, writes Neville Smith. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495083&src=rss IN A deal that further underlines the dramatic increase in tanker prices over the course of an unprecedented bull run, d’Amico International closed the sale on Thursday of the 2004-built medium-range tanker High Peace to Vietnam’s Southern Petroleum Transportation, writes John McLaughlin. John McLaughlin Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495093&src=rss NASDAQ-listed DryShips has bought out the private 4.4% stake of its chief executive George Economou in target company Ocean Rig, writes Nigel Lowry. Nigel Lowry Athens Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495103&src=rss From Capt David Robinson Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495113&src=rss ICL joins Washington lobby Tony Gray Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495118&src=rss GOLDEN Ocean will suffer minor delays on the deliveries of three newbuilding bulk carriers as a result of flooding at China’s Rong Sheng yard, writes Tony Gray. Tony Gray Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495123&src=rss LOSS-making Cheniere Energy may cancel the time charters on two new liquefied natural gas carriers, a move that would add further capacity to an already over-tonnaged market, writes Tony Gray. Tony Gray Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495163&src=rss Information Supplied by Kelvin Hughes Charts & Maritime Supplies Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495168&src=rss MONDAY MAY 12 Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495173&src=rss THE on-again, off-again project to build a bridge over the Strait of Messina, branded a white elephant and abruptly shelved by former Italian premier Romano Prodi, will be dusted off and restarted under the incoming Berlusconi government, writes John McLaughlin. John McLaughlin Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495178&src=rss WFP halts Burma aid Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490804&src=rss ORDERS for up to a dozen handysized bulk carriers have been placed in recent weeks at Daesun Shipbuilding by Greek shipowners. Nigel Lowry Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490814&src=rss THE crewing crisis facing the shipping industry is going to get worse before it gets better, according to some of the world’s top ship managers. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490849&src=rss SMALL containerships powered by liquefied natural gas could be in service within a few years as shipowners experiment with less-polluting fuels. Janet Porter Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490969&src=rss THE general meeting of Germany’s Tui has bestowed a defeat on John Fredriksen and his motion to enforce the resignation of the group’s supervisory board chairman, writes Katrin Berkenkopf. Katrin Berkenkopf Cologne Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490789&src=rss BRAZILIAN logistics expert Log-In has won a contract worth $1bn over the next 20 years to ship bauxite ore for Alunorte in the north of the country, writes Rainbow Nelson. Rainbow Nelson Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490794&src=rss ON THE face of it, 107 pages of draft legislation is a lot to digest in a couple of days. But the UK maritime industries have been quick to formulate a response to the Marine Navigation Bill published on Tuesday, if only because it contains little that has not been trialled well in advance, writes David Osler. David Osler Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490809&src=rss POLEMBROS Shipping is set to be the first customer at JES International’s new yard with a $160m order for a pair of capesize bulkers, writes Marcus Hand in Singapore. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490819&src=rss CURRENT seafarer training courses are outdated and do not meet the demands of the modern industry, according Anglo-Eastern Shipmanagement, writes Marcus Hand. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490829&src=rss HUTCHISON Ports has outlined the opening dates for phase one of its £240m ($470m) Felixstowe South expansion scheme at the UK east coast container hub, writes Roger Hailey. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490834&src=rss CRUISE company Royal Caribbean has revealed further details of its new 220,000 gt Genesis-class cruiseship to delegates attending the Maritime Safety Committee meetings at the International Maritime Organization. Sandra Speares Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490859&src=rss LIQUIMAR Tankers Management has dubbed as “premature” brokers’ reports that the company has contracted four very large crude carriers at South Korea’s STX Shipbuilding, writes Nigel Lowry. Nigel Lowry Athens Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490874&src=rss TUI chief executive Michael Frenzel has been a hard nut to crack for many unhappy shareholders since he took the helm at the group in 1994. Thwarting John Fredriksen’s first appearance in the German corporate landscape is only likely to bolster this reputation, writes Katrin Berkenkopf. Katrin Berkenkopf Cologne Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490919&src=rss INTERNATIONAL relief efforts to help Burma following the tropical cyclone last week could be hampered because the country’s main gateway container terminal was badly damaged in the storm, writes Keith Wallis in Hong Kong. Keith Wallis Hong Kong Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490929&src=rss TURKEY’s maritime community will gather at Ciragan Palace Kempinski hotel on May 15 to salute the winners of this year’s Lloyd’s List Turkish Shipping Awards. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490934&src=rss THE first phase of a £12m ($25.5m) project to deepen and widen access to the Shetland port of Lerwick and reclaim land for new development opportunities has been launched. Almost 490,000 cu m of material will be removed by Westminster Dredging Company as part of the port’s largest capital project yet. Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490939&src=rss IS JOHN Fredriksen shipping’s equivalent of Warren Buffett, the legendary investor who is now the world’s richest man? asks Tony Gray Tony Gray Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490944&src=rss OOCL widow sues prostitutes Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490949&src=rss FRIDAY MAY 9 Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490954&src=rss BRUSSELS has closed its five-year investigation into possible collusive behaviour in the parcel tanker trades without penalising the principal accused companies, writes Rajesh Joshi in New York. Rajesh Joshi New York Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490964&src=rss SILVIO Berlusconi has become prime minister of Italy for the third time and looks set to have his new government up and running with unprecedented speed, writes John McLaughlin. John McLaughlin Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216490974&src=rss Burmese survivors need aid Fri, 9 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936844&src=rss ALGERIA has threatened to ban all vessels entered with Hanseatic P&I, and to have the German fixed premium insurer blacklisted in neighbouring states unless it removes a ro-ro general cargo vessel shipwrecked on the coast in a storm two months ago. Nigel Lowry Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936884&src=rss THE erosion of its share price since its public listing last year and a weak product tanker market will not deter D’Amico International Shipping from pursuing its agenda of consolidating and pooling, the Milan-listed company said. Rajesh Joshi Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936924&src=rss INTERNATIONAL Maritime Organization secretary-general Efthimios Mitropoulos has warned of creeping complacency over increasing bulk carrier casualties and weaknesses in containership design and operation. Neville Smith Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936971&src=rss EUROPE’S efforts to create an efficient freight transport system across the continent are running damagingly over-budget and dangerously behind schedule, according to a report presented in Slovenia on Tuesday by Transport Commissioner Jacques Barrot. John McLaughlin Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936829&src=rss From George A Gratsos Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936834&src=rss PORT authority personnel at the French port of Marseilles are to stage a 24-hour strike tomorrow, and have given notice of further action next week in protest at the French government’s port reform plans, writes Andrew Spurrier in Paris. Andrew Spurrier Paris Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936839&src=rss Dry rates lift STX results Herbert Fromme Cologne Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936849&src=rss DP WORLD will begin construction work “later this year” on its £1.5bn ($2.3bn) London Gateway container port and logistics park, which will eventually add 3.5m teu of much needed container handling capacity in the UK, writes Roger Hailey. Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936864&src=rss CONTINUING strong growth in marine business helped French classification society Bureau Veritas to an 18% increase in first quarter revenues to €552m ($804m), writes Andrew Spurrier. Andrew Spurrier Paris Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936869&src=rss AKER Yards has posted an improved set of first quarter figures for 2008 after overhauling its performance and predictability following 2007’s losses, writes Craig Eason in Stockholm. Craig Eason Stockholm Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936874&src=rss NEW record oil prices have boosted the first quarter net income of French oil major Total 18% to €3.6bn ($5.5bn), writes Andrew Spurrier. Andrew Spurrier Paris Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936879&src=rss NORWEGIAN group Wilh. Wilhelmsen has reported strong results for the first quarter on the back of high cargo volumes and increased demand for its maritime services, writes Craig Eason. Craig Eason Stockholm Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936909&src=rss A BUOYANT Braemar Shipping Services has unveiled a 30% increase in annual pre-tax profit, a record forward orderbook and an increased dividend, writes Tony Gray. Tony Gray Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936951&src=rss THE first set of quarterly results posted by American Commercial Lines under the leadership of new chief executive Michael Ryan includes a $3m cost-cutting programme, writes Rajesh Joshi. Rajesh Joshi New York Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936956&src=rss THURSDAY MAY 8 Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936966&src=rss AN EXPANDED fleet taking advantage of healthy dry bulk rates boosted Eagle Bulk’s profits in the first quarter, as the company declared a 50¢ dividend per share, writes Rajesh Joshi in New York. Rajesh Joshi New York Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936976&src=rss A DESIRE to help John McCain in his run for the White House has taken Christopher Koch away from his day job as president and chief executive of the World Shipping Council, writes Rajesh Joshi. Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175936981&src=rss Victory lifts Obama Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175937001&src=rss THE Cosco boxship blacklisted by dockers in Durban last month was unable to unload a consignment of arms for Zimbabwe during a call in Angola earlier this week, according to trade union sources, writes David Osler. David Osler Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210175937011&src=rss Russia’s new President Dmitry Medvedev and his predecessor Vladimir Putin watch on at the former’s inauguration ceremony at the Kremlin yesterday. Mr Medvedev pledged to bolster the country’s economic development and civil rights, in what may signal a departure from his predecessor’s heavy-handed tactics. AP Thu, 8 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179879&src=rss TURMOIL in the financial markets and economic uncertainty has taken a toll on investment returns and first quarter earnings for the until recently buoyant transatlantic insurers. Jerry Frank Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179939&src=rss TRAILER Bridge’s quest for “strategic alternatives” including a possible sale, has been suspended following the US’s launch last month of an antitrust investigation into Puerto Rico liner trades. Rajesh Joshi Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179944&src=rss KOTUG Le Havre subsidiary SNRH went back to work at the port yesterday after winning an emergency court injunction invalidating the suspension of its operating licence by the port authority last week. Andrew Spurrier Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179994&src=rss SHIPPING magnate John Fredriksen has pulled out all the stops to secure the removal of Jürgen Krumnow as chairman of TUI’s supervisory board at today’s annual meeting of Germany’s leading containership and travel group. Patrick Hagen and Tony Gray Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179884&src=rss THE president of the Philippines has ordered officials in the Southern Philippine town of Misamis Oriental to stop hindering Hanjin Heavy Industries and Construction’s plans to build a second large shipyard there, after the shipbuilder threatened to withdraw its $2bn investment, writes Mike Grinter. Mike Grinter Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179924&src=rss LAWMAKERS have backed plans to impose a height limit on vessels calling at Hong Kong’s Kwai Chung container port once the new Stonecutters Bridge, which spans the entrance to the port, is completed in mid-2009, writes Keith Wallis in Hong Kong. Keith Wallis Hong Kong Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179949&src=rss Samsung profit surge Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179959&src=rss TOPAZ Energy and Marine, a subsidiary of Renaissance Services SAOG Oman, has bought Doha Marine Services for QR450m ($124m) as it seeks to capitalise on the booming oil and gas services sectors and widen its geographical profile, writes Dominic Ellis in Dubai. Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179964&src=rss THE 13,000 tonne Dutch crane barge Bigfoot 1, pictured, has started removing a cargo of shredded steel scrap from the wreck of the bulker New Flame off Gibraltar, writes Brian Reyes. Brian Reyes Gibraltar Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179969&src=rss WAH KWONG Shipping Holdings, the Hong Kong bulker specialist, could launch its $200m-$300m initial public offering in July amid a continuing boom in dry bulk rates that saw capesize rates top $244,000 per day last week, writes Keith Wallis. Keith Wallis Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179974&src=rss THE Maritime Accident Investigation Board’s excellent report on the catastrophic structural failure of MSC Napoli in January 2007 in the English Channel gives a graphic account of what happened, and why. Bill Gray Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179984&src=rss HANDYSIZE drybulk specialist Precious Shipping’s first quarter profits were up 34% despite having a smaller fleet, writes Marcus Hand. Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066179999&src=rss CYPRUS-based cruise and hotels group Louis is continuing to restructure its fleet following the largest deal in its history, the $380m acquisition of two 1990s-built vessels from Star Cruises, writes Nigel Lowry. Nigel Lowry Athens Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180004&src=rss WEDNESDAY MAY 7 Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180009&src=rss CLASSIFICATION society Germanischer Lloyd has reported strong growth in all business segments and is targeting further expansion through acquisitions, especially for its industrial services division, writes Patrick Hagen. Patrick Hagen Hamburg Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180014&src=rss SWISS Re reported a loss of SFr819m ($783m) on structured credit default swaps for the first quarter, in addition to the SFr1.2bn reported in November, writes Herbert Fromme in Cologne. Herbert Fromme, Cologne Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180039&src=rss HIGHER container volumes and freight rates helped Samudera Shipping post a 44.2% rise in net profit to $7.5m in the first quarter, up from $5.2m a year earlier, writes Keith Wallis. Keith Wallis Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180064&src=rss PRIME Minister Gordon Brown’s tax policies have prompted a leading Lloyd’s market participant, Brit Insurance, to look at relocating its headquarters outside the UK, writes Jerry Frank. Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210066180079&src=rss Cyclone death toll rises Wed, 7 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502364&src=rss SEEMINGLY undistracted by controversially leading DryShips into a massive diversification in the offshore sector, George Economou has confirmed a new round of acquisitions and disposals at the Nasdaq-listed bulker company. Nigel Lowry Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502369&src=rss THE bunker industry is facing a ‘grim time’ as credit risks grow in line with the escalating fuel prices, which are expected to rise further as emission rules tighten. Jamie Dale Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502299&src=rss A HANDYMAX bulker owned by Toei Japan collided with a China Shipping Development tanker in Singapore’s eastern anchorage early yesterday morning, writes Marcus Hand in Singapore. By Marcus Hand in Singapore Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502354&src=rss MAERSK Line faces another two years of unprofitable trading, a new report from Copenhagen’s FIH Capital Markets predicts, writes Janet Porter. Janet Porter Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502359&src=rss HYUNDAI Heavy Industries, the world’s largest shipbuilder said on Friday that it had been contracted to build three 300,000 dwt very large crude carriers at a record price of $156m each, writes Mike Grinter in Hong Kong. Mike Grinter Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502394&src=rss THE Antiguan-flagged general cargoship Amica sits aground in the river Weser after suffering an engine failure on Friday. Ralf Witthohn Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502409&src=rss TUESDAY MAY 6 Tue, 6 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1209946502414&src=rss Iran nuclear resolution Tue, 6 May 2008 00:00:00 GMT