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In period31.10.2006 31.10.2006
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31 October 2006
18:42seaSeaNews Club materialCMA CGM Plugs into Big Blue
French liner operator CMA CGM is joining forces with a business that has a partiality for ultramarine but it is an American rather than a Danish partner, reports Tradewinds. Marseille based CMA CGM is setting up a new company CMA CGM SYSTeMS to use IBMs information technology expertise to develop its shipping business.
Rating: 553
17:09projectsSeaNews Club materialGazprom to Invest $100 mln in Angola Oil & Gas Projects
Gazprom will invest $100 million on exploration and production of oil and gas in Angola, the Russian energy giant's deputy board chairman said Tuesday, reports RIA Novosti. "Gazprom and Angola's Sonangol plan to cooperate on oil and gas exploration and production in Angola, and investments may total $100 million," Alexander Medvedev said. Gazprom and Angola's state-controlled oil and gas concessionary Sonangol signed a memorandum on cooperation following talks between Russian President Vladimir Putin and his Angolan counterpart Jose Eduardo Dos Santos, who is on a three-day visit to Russia. "The memorandum primarily concerns prospecting and production of natural gas to be used in a liquefied natural gas project, whose first phase will be implemented as early as next year," Medvedev said. He said the sides will form a coordinating committee that will prepare a prospecting plan outlining territories and specifying investment amounts.
Rating: 363
16:59seaSeaNews Club materialGrand Alliance Reduces Trans Pacific Capacity in Slack Season
Following a meeting in Singapore, the CEO's of the Grand Alliance (GA) member lines engaged in the Trans Pacific trade, Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK), and Orient Overseas Container Line (OOCL), have announced that the GA will lay up vessels during the traditional slack season, effective 20 November 2006 (week 47).
Rating: 419
16:09HamburgSeaNews Club materialHamburg State Ready to Back Hapag-Lloyd Bid
The Hamburg state government would be willing to support a 'Hamburg consortium' as buyer for Hapag-Lloyd, should parent Tui decide to sell its shipping business, reports Lloyds List. Finance senator Wolfgang Peiner said in a newspaper interview that he could not confirm a request for help from Tui, however. Tui has come under pressure from shareholders over possible changes in its group structure and management following a sluggish share performance.
Rating: 655
15:42seaSeaNews Club materialEstelle Maersk Debut Delayed by Propeller Shaft Failure
The introduction of Maersk's second containership behemoth - a sister vessel to the 11,000 teu Emma Maersk - has been postponed by at least a fortnight after a propeller shaft failure during sea trials, reports Lloyds List. The "Estelle Maersk" was scheduled to enter Maersk's prime Far East string at the beginning of November.
Rating: 802
15:14seaSeaNews Club materialShtokman Development Postponed For Two Years
Development of the worlds biggest offshore natural gas field, Russian Shtokman in the Barents Sea, has been postponed for two years, according to the vice president of the fields owner Gazprom, Alexander Ananenkov. Initial plans had Shtokman producing natural gas in 2011, but this will now be 2013 at the earliest.
Rating: 855
15:14seaSeaNews Club materialCSC in Blasco Debt Deal
Azerbaijan's state-owned Caspian Shipping Company (CSC) has reached an agreement on the repayment of debts owed by Black Sea Shipping Company (Blasco) of Ukraine.
Rating: 450
14:37seaSeaNews Club materialNew Port Near Saint Petersburg
Alien Group is planning build a port facility at Lenoblast Sosnovy Bor, the construction will be worth 15-30 mn.
Rating: 1023
14:22SeaNews Club materialFredriksen Buys Aker Drilling Stake
John Fredriksen has made a further move to consolidate the deepwater drilling rig sector after acquiring a stake in Aker Drilling, reports Tradewinds. SeaDrill, his Oslo-listed offshore vehicle, has acquired 8.5m shares or 10% of Aker Drillings outstanding share capital for $45.7m.
Rating: 350
14:16seaSeaNews Club materialCosco Starts Calling at SICT on Shantou-SE Asia Service
Shantou International Container Terminals (SICT) has announced that a new southeast Asia Cosco service has started calling at its terminal in the mainland China Port of Shantou in Guangdong province, reports Schednet. The first of the three vessels that Cosco Container Lines deploys on the service to call at the port was the Yang Jian He, which arrived at the terminal earlier this month.
Rating: 381
14:12shipbuildingSeaNews Club materialAdmiralty Shipyards To Increase Income by 40%
State company Admiralty Shipyard is planning to increase income in 2007 by 40% - up to 14 bn.
Rating: 439
14:07seaSeaNews Club materialMISC in Large Tanker Order
Malaysian owner MISC Berhad has signed an order for four aframax units at Japan's Tsuneishi Corp, reports Tradewinds. The order for the four 107,500-dwt units has a price tag of $260m, the Kuala Lumpur-listed company said in a stock exchange announcement on Tuesday.
Rating: 393
14:07SeaNews Club materialSovcomflot Net Profit Up 40%
The net consolidated profit of the Sovcomflot JSC in January-September 2006 was up 40% to $124 mn.
Rating: 442
13:33seaSeaNews Club materialEimskip Agents Move
Swedish Eimskip agents, Eimskip Logistics AB, today complete the removal of their Goteborg office to new premises.
Rating: 492
12:10seaSeaNews Club materialTanker 'Stolen' Off Oman
Bahrain's Maritime Liaison Office (Marlo) has issued an advisory to vessels operating around the Middle East and in the Indian Ocean to be on the look-out for a chemical tanker which has reportedly been stolen by its crew, reports Tradewinds. The maritime watchdog body issued the plea on its website in response to a claim by the owners on the 1,811-dwt Snow White (built 1980) that the vessel had been seized by its own crew off Oman.
Rating: 801
11:46seaSeaNews Club materialTallink Profits Leap 200%
Estonian ferry operator capped a whirlwind year of acquisitions and fundraising today by unveiling a massive leap in annual profits and predictions earnings will also double in the current year, reports Tradewinds. After a hectic twelve months which included the purchase of Silja line, an initial public offering, a rights offering and more ship acquisitions, Tallink today posted net profits of $120.6m for the year ended 31 August, a 213% rise on the previous year.
Rating: 362
11:14seaSeaNews Club materialZim Goes Private
Israeli boxship line Zim has raised $114m in a private bond offering to institutional investors.
Rating: 377
10:52seaSeaNews Club materialSAV Loses Grow
Chile's containership owner Compania Sudamericana de Vapores (CSAV) reported a loss of $111m between January and September, compared with a profit of $148.5m in the same period in 2005, according to Reuters.
Rating: 438
10:41containerSeaNews Club materialSecond Dry Cargo Mouth Vessel For Albros Launched (Photo)
On October 28, 2006 the second vessel "Azov Confidence" of the series was launched at the Gelibolu shipyard (Turkey).
Rating: 551
10:26SeaNews Club materialWTO Comes Closer
A regular round of Russian-American bilateral talks on Russias accession to the World Trade Organization ended in Washington on October 28. As early as Monday the dialogue will be resumed in the teleconference form, said Maxim Medvedkov, head of the Russian delegation and director of trade talks department at the Russian Ministry for Economic Development and Trade, to the ITAR-TASS news agency.
Rating: 545
 
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