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| DECEMBER 5, 2008 |
Shipping News
- Opposition grows to expansion of Lisbon port
Two Portuguese opposition parties urged the government on Wednesday to overturn a decision to expand a container port in Lisbon because of what they said was a lack of transparency.
- Tanker rates rise on storage demand
The cost of shipping Middle East crude to Asia rose the most in 10 weeks on demand for supertankers to be used as storage. As many as 12 supertankers and four vessels half the size are booked with options to use as storage, Johnny Plumbe, chief executive officer of London-based broker ACM Shipping Group Plc, said yesterday.
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| DECEMBER 5, 2008 |
- CTSA lines reduce bunker surcharges 66pc over two months
- Overall east-west container shipping capacity drops 6.7pc
- Return of the privateer? Blackwater offers to beat the pirates
- Containerising garbage produces garbage-only containers: Insurer
- Matson lowers fuel surcharge, but raises rates
- Weather, congestion threaten to choke Trans-Siberian railway
- US trucker YRC Worldwide approaches Teamsters for pay cut
- Qantas confirms possible merger with British Airways
- Continental Airlines' performance slides in November
- ASTAR Air Cargo donates 1,000 turkeys to children, families in need
- Russia's Tupolev aerospace leaves black for red in Q3
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| DECEMBER 5, 2008 |
- CMA CGM offers its crew transiting the Gulf of Aden 100 pc more pay
- Charter rates plunge by 35 pc
- GE Shipping to sell Supramax carrier
- Customs deploys 31 vessels
- Seatrade Maritime to discuss maritime piracy at special seminar
- Cellular ship orders fall to 13-month low
- D. Gopalan elected President, A. S. Parmar Vice-President of KPSAA
- 22 pc rise in soyameal exports in Nov.
- India unlikely to import wheat, says USDA
- B. K. Makwana appointed KPT Chief Engineer
- WTO body to hold open hearing on anti-dumping case against US
- NMDC set to cut iron ore prices by 40 pc
- Fieo chief thanks govt decision on post-shipment credit
- India Inc demands better security for economic growth
- German team puts off visit
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| DECEMBER 4, 2008 |
- NYK Logistics (UK) Ltd appoints new head of business development
- "CMA CGM Galilee" makes maiden call at Hamburg
- Alitalia relaunch postponed until after Christmas
- Rail Cargo Austria and M'V Cargo: No 1 in Central and Eastern Europe
- Geodis signs big deals with IBM
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| DECEMBER 4, 2008 |
- "Worry about the banks, not FFAs!"
- Ship freed "without ransom"
- Panama Register passes 8,000-ship milestone
- Cautious welcome for UK Coastal Bill
- Sanko orders STX Europe-designed PSVs
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| DECEMBER 4, 2008 |
- Aon launches piracy loss of earnings insurance
- Boskalis drops plans to acquire Smit
- Maersk Line lays up eight ships
- Carnival brings $100 million suit against Roll-Royce and Converteam
- STX Europe books PSV contracts from Japan
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| DECEMBER 4, 2008 |
- Washington DOT taps Todd to construct new auto ferry
- Port of Seattle releases contracting policies report
- Panama Ship Register posts gains global market
- FESCO board selects Generalov as new chairman
- Trade between NAFTA partners up during month of September
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| DECEMBER 4, 2008 |
- FPSO owners sell tankers at discount prices as credit dries up
IDLE vessels go up for auction as sector goes into 'meltdown'.
- Maersk Line to lay-up eight boxships
DANISH shipping giant to remove more than 50,000 teu of capacity and warns more tonnage could follow suit.
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| DECEMBER 4, 2008 |
- Carnival sues QM2 pod maker
CARNIVAL has sued manufacturers of Queen Mary 2's podded propulsion system, alleging fraud and conspiracy
- QM2 flaw means more drydocking
CARNIVAL has conceded that significant, continuing flaws in Queen Mary 2's propulsion pods will require much more frequent drydockings, translating into millions in lost revenues
- Boskalis gives up Smit takeover
ROYAL Boskalis Westminster, the Dutch dredging group, today abandoned its attempt to take over Smit Internationale, the salvage, harbour towage and terminals company
- Growth slows for German box ships
THE EXPANSION of the German box fleet is beginning to slacken in the face of the world economic crisis, an industry source said today
- Russian grain traders ask subsidies
RUSSIA'S grain farmers and merchants have asked the Kremlin for an export subsidy of $36 per tonne to sustain grain exports
- Caution urged on Cuba reform
LIFTING the US trade embargo of Cuba would not guarantee a bonanza for maritime interests, speakers suggested today at the Caribbean-Central American Action Conference
- Caribbean security merged
CARIBBEAN shipping groups are joining forces to aid smaller islands that face port security challenges
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| DECEMBER 4, 2008 |
- Maersk lays up eight container ships
World's biggest ocean container carrier idles ships for six months following cuts in services and the slide in global liner freight rates
- ILA, USMX schedule talks
- Seattle probe finds fraud
- S&P downgrades Wan Hai
- Mobile stowaways detained
- APM Terminals adopts TWIC as primary ID at Virginia port
- TNT cuts guidance
- Net gain at UTi Worldwide
- US cites Doha progress
- Boskalis drops Smit bid
- K&N truck buy approved
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| DECEMBER 4, 2008 |
- A bleak Xmas in prospect for boxship owners
- Maersk lays up eight ships
- Outlook 'difficult' for China's ports
- Maersk revises intra-European service
- UN renews piracy resolution: but does it have teeth?
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| DECEMBER 4, 2008 |
- Another settles
SwissMarine says it has forged a settlement with steelmaker ArcelorMittal over alleged COA defaults.
- Reach to grow
Canadian Transport Minister John Baird proposes stretching reach of an Arctic pollution law.
- Bulker blocked
Greenpeace environmentalists launch protest against coal emissions.
- Greeks own up
Efshipping confirms cancellation of two supramaxes at Cosco Dalian to save cash for second hand spending spree when market turns.
- Star Bulk warns
US-listed bulker owner says further decline in the dry-bulk sector could push it out of compliance with loan agreements.
- Filipino fallout
Two hundred seafarers "economically displaced" as global crisis takes toll on shipping's biggest labour supplier.
- Polar pursuit
Admiralty Shipyards of Russia wins tender to build arctic research vessel for government institute.
- 'No way, Norway'
Quartet of Norwegian vessels make the MCA's October detention list with Del Monte unit also canned.
- Maersk lays up
Dane bows to "severe rate pressure" to take octet of 6,500-teu units off the water for up to six months.
- Strait smash
Ukrainian and Azeri general cargoships collide at entrance to Dardanelles.
- Maersk two taken
BP picks up two PSVs from Danish owner for long term work in the North Sea.
- Boskalis bins bid
Peter Berdowski-led dredger abandons Smit chase due to "changing financial conditions".
- In the dark
Malaysian engineering group yet to learn why MISC pulled out of reverse takeover.
- Designer label
STX bags $55.87m PSV design pact as offshore newbuilding and sale-and-purchase deals grind to a halt.
- ESL on the up
Ethiopian national line says revenues will jump 35% in 2008 as cargo volumes rose.
- Settled
Steel giant ArcelorMittal ends case brought by bulker owner Louis Dreyfus over cancelled shipments.
- New phase
Port groups Hutchison and YPG teaming up to expand Yantian container terminal in China.
- Socket to them!
Greek owner comes up with bright idea to pull the plug on pirates in the Gulf of Aden.
- Ferry grounds
Passengers and crew rescued from Fred Olsen ship after it beaches in the Canary Islands.
- Quiet please
Wildlife groups urge shipping industry to keep the noise down, because whales are being harmed by expanding world fleet.
- False alarm
Australian cruise ship surrounded by fishing boats not pirates in Gulf of Aden, says owner.
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| DECEMBER 4, 2008 |
- Maersk Line lays up eight ships
- What can you do with an empty container?
- EJ&E sale would boost Chicago area gross regional product
- FDA reports progress on food import safety
- 3PLs: Cut inefficiencies and supply chain will green itself
- Richardson to lead Commerce Department
- CBP ratchets enforcement of pocketing fabric rule
- Tacoma tracks intermodal moves with GPS
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| DECEMBER 4, 2008 |
- Deficient cargo lashing sank Finnbirch
It was deficient cargo securing in combination with loss of stability that sank the Swedish-flagged ro-ro vessel Finnbirch in harsh weather conditions in the Baltic Sea 1 November 2006 and when two seafarers lost their lives. According to ...
- Keel laying of second Oasis-class cruise ship
The keel of the Allure of the Seas was laid at STX Europe Turku shipyard on December 2. The Allure of the Seas is the sister vessel of the recently launched Oasis of the Seas. The hull will be assembled ...
- German shipyards may risk one of every fourth order
Up to 50 of 190 newbuilding orders at German shipyards may be cancelled due to the financial crisis, according to German media reports. The German shipyard association VSM claims that 25 orders worth EUR 600 million have already been cancelled ...
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| DECEMBER 4, 2008 |
- Florida cruise line reacts to bear market
Customers offered refunds if oil stays below $70 a barrel.
- Changes at Chemoil's board
New Non-Executive Director appointed as one leaves.
- Anchorage MGO supply at Brazilian ports
- Bunker spill in Canary Islands
High-speed ferry runs aground.
- Three new barges launching in ARA in December
Newbuilds chartered out to three different suppliers, two to be used for LSFO deliveries.
- Container line lays up vessels
'Rate improvements are imperative for industry to create a sustainable environment,' says Maersk.
- Asian bunkers in further decline
Bunker prices in Busan, however, rose as avails tighten.
- Singapore fuel stocks down
Middle distillate stocks also fell to a three-month low.
- Slow steaming 'upgrade kit' to cut shipowners' fuel costs
Wartsila to retrofit the new upgrade kit to two container vessels.
- OPEC will 'definitely' cut output mid-December
Qatar oil minister said that there is a 'tacit agreement' to cut production at its next meeting.
- Fuel cargo spilled
Vietnamese tanker carrying 700 mt of diesel collides with vegetable oil carrier.
- Former LMS employees to get $1.39 million
Sri Lankan conglomerate to compensate former bunker workers
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