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| JULY 7, 2008 |
Shipping News
- Baltic Dry Index declines to lowest in 2 months
The Baltic Dry Index, a measure of shipping costs for commodities, declined to its lowest in more than two months as vessel queues eased at Chinese ports.
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| JULY 7, 2008 |
- Yang Ming to deploy 8,200-TEU newbuilding on Asia-Europe trade
- Safmarine enters Asia-West Africa break bulk, project cargo trade
- More containers lost overboard because of top-heavy deck stacking
- Northport lands BrandLaureate Award in port, logistics sector
- MOL tests 'green' antifouling treatment on large vessels
- India demands an end to rate-fixing shipping conferences
- IATA says May cargo demand down to 1.3pc from 4.3pc in 2007
- Dragonair flies daily from Hong Kong to Bangalore
- Top 50 world cargo airports, HK hovers in second place behind Memphis
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| JULY 7, 2008 |
- Steel giant diversifying into shipping, wagon production & other core areas
- Forum formed to build brighter image of shipping
- Chinese & Mexicans also acquiring taste for Basmati rice
- NMPT keen to pick up stake in Mangalore SEZ
- Port projects on Gammon Infrastructure's agenda
- Terminal expansion must keep pace with size of ships, stresses APM Terminals
- Cabinet clears decks for setting up Land Ports Authority
- Jawahar Customs aiming to make things a lot easier for ex-im trade
- Emirates SkyCargo scores a double at global awards function
- CONCOR hikes tariff rates w.e.f. Aug. 1
- Inflation zooms to 11.63 pc
- Amendments to Industrial Park Scheme notified
- Net forex earner norm for EOUs may be relaxed
- IMC to hold meeting on 'Logistics Hub at Nagpur'
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| JULY 4, 2008 |
- New management for HHLA Container Terminals
- Naming of "Safmarine Andisa"
- New aviation giant in the making?
- Emirates rearranges schedule
- Rhenus Road offers Nordic Chain services to Scandinavia
- Airbus signs six-year contract with Kuehne + Nagel
- 2008 Fiata World Congress, Vancouver (Canada), 23-26 September
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| JULY 6, 2008 |
- Golar completes Frost sale
- Maersk to grow Asia-South America route
- Three orders for Skysails
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| JULY 4, 2008 |
- Maersk Daewoo order worth $2.3 billion
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| JULY 4, 2008 |
- Non-German buyers told to back off Hapag-Lloyd
COALITION of local politicians and company staff say foreign suitors 'are not wanted'.
- Hapag-Lloyd deadline looms
- Skuld's Hebei Spirit pact sets 'valuable precedent'
AGREEMENT removes fear of making large payment into court.
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| JULY 4, 2008 |
- Hellenic ordered to repay state aid
THE European Commission is ordering Hellenic Shipyards, Greece's largest shipbuilding and repair facility, to repay €230M ($360M) in state aid it has deemed unlawfully received between 1996 and 2002
- BHPB, Baosteel agree ore hike
BHP BILLITON and Baosteel have agreed an iron ore price increase equal to that of Rio Tinto and the Chinese last month
- Slack safety behind Bangla blast
POOR safety controls were to blame for the explosion that killed a ship demolition worker this week, says an official at Bangladesh's Department of Shipping
- Tanker strikes berthed bulker
A BULK carrier has collided with a chemical tanker at the Brazilian port of Santos, but there are no reports of injuries
- Evergreen-tied bribery trial starts
A BRIBERY scandal involving Evergreen of Taiwan has gone to trial in Los Angeles
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| JULY 4, 2008 |
- Will ocean carriers need to lay up box ships in 2009?
Halfway through 2008 and the dark clouds have, menacingly, appeared overhead. The 'perfect storm' of a credit crunch and a global oil crisis-induced economic slowdown, is forcing ocean carriers to nervously revisit their budgets for the remainder of the year and into 2009.
- Timaru counts cost of withdrawals
- Trucker protests spread to NZ and Aus
- Chinese ports hit 50 million TEU
- India's truck drivers call off strike
- Reefer logistics in the cold
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| JULY 4, 2008 |
- Tug trouble
Maersk's Svitzer unit is keeping mum on grounding of brand-new LNG escort tug in Milford Haven.
- Trada to trade
Indonesian tanker and FPSO company plots domestic IPO to buy new ships.
- DFDS defensive
Danish owner's chief Niels Smedegaard says there's "nothing new" in reports on leaked financials.
- Sailing again
South African court orders reinstatment of Independent Liner Services chief, Ian Wicks.
- Rupert to grow
Canadian port lines up $15bn investment to rival Long Beach and Los Angeles.
- Precious inks loan
Thai bulker owner secures 80% of financing for 15 ships on order in India.
- It's quotes time
All's fair in Hormuz and war and is the Acropolis about to go under the hammer?
- Bay hand-out
Canadian ferry operator bags more government cash to continue service to US.
- Osama at Aker?
Norwegian yard cleared by bomb threat allegedly signed by Al-Qaeda terrorist chief.
- RMT denies buys
Rickmers Maritime Trust says "It wasn't us" as two 1,800-teu ships sold by parent Rickmers Group.
- A $15m gamble
International Casinos snaps up gaming cruiseship from bankrupt US owner ITG Vegas.
- Ferry "unstable"
Two empty ballast tanks could have contributed to tragic Princess of the Stars sinking, Philippines inquiry hears.
- Stolt fights on
Oslo-listed tanker owner survives bunker bill pain to edge up first half profit.
- Aker hounded
US institutional investor Hound Partners takes holding in Norwegian yard group to near 6%.
- CSG rejigs feeders
China Shipping Container Lines buys feeder ships from Hong Kong-listed CSDC.
- CMES soars
Chinese tanker and bulker player is forecasting a profit rise of more than 80% in first half, as rates boom.
- Alam fixes pair
Malaysian offshore supply firm secures three years employment for anchor handlers.
- ANL in Asia link
CMA CGM's Aussie subsidiary plans new shuttle service between Fremantle and Asia.
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| JULY 4, 2008 |
- Summer time for our news coverage
Due to general holiday our news site will be sporadically updated until the beginning of August. Summer greetings from all of us at SSG ...
- DFDS Seaways struggle to survive
DFDS Seaways is struggling to survive at the market. According to a confidential report, which came in the hands of the Danish Ekstra Bladet, the deficit in the first four months goes as high as DKK 135 million. In the ...
- Mærsk signs up for super-reefers
A. P. Møller-Mærsk has signed up for another batch of container vessels from a Korean shipyard. This time the Danish giant has signed up with Daewoo Shipbuilding & Marine Engineering Co for 16 ships for delivery between 2010 and 2012 ...
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| JULY 4, 2008 |
- Drive by tanker company to save fuel and reduce emissions
Installation of new analysis system hopes to reduce consumption and emissions.
- Caribbean prices up but demand firm
Buyers feeling the pinch but little choice but to fuel up.
- Global bunker market report
- Rotterdam breaks $700 ceiling
Differential to St. Petersburg widens to almost $220 but could narrow soon.
- Office move for Romanian supplier
- Smaller bunker players 'in strong position'
Market insider challenges claim that small players are particularly vulnerable to credit risks.
- Asian bunker prices extend gains
Buyers sidelined by bullish bunkers.
- New IACS chairman wants end to IMO's 'eurocentricity'
Pledges to address Asia's lack of influence at the UN organisation.
- Durban market kept guessing
Suppliers offering no firm advise on spot market availability, traders say.
- Singapore 380 cst prices up 30% in first half
Year-on-year, prices surged 65%.
- Ballasting 'ridiculous' for bulk carriers
Bunker costs pressing owners to do 'things that they wouldn't normally do just to get something fixed'.
- Software for bunker management enhanced
Latest Allegro 8.0 version upgrades its bunker management software.
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