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| OCTOBER 10, 2008 |
Shipping News
- Pirates head for Thailand after Tioman hijack
THE latest attack on a tug and barge off Pulau Tioman on the east coast of peninsular Malaysia saw a change in tactics with the pirates taking both craft to Thailand.
- Posco looks to overseas banks
Posco, South Korea's largest steelmaker, said it is in talks with overseas banks to help fund a bid for Daewoo Shipbuilding & Marine Engineering Co that could be worth about US$4.9 billion.
- Double pay for crew transiting Gulf of Aden
THE International Bargaining Forum (IBF), a grouping of international maritime employers and crew unions, has agreed to establish a 'high risk area' covering a major part of the Gulf of Aden. This will ensure that seafarers on ships covered by IBF agreements will receive a bonus equal to 100 per cent of their basic wage while the vessel is in transit.
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| OCTOBER 10, 2008 |
- Slowing demand prompts CKYH Med service suspension
- Evergreen Line revamps Asia-Australia trade
- Hong Kong's Hutchison takes No 1 spot in Drewry ranking
- Evergreen, Zhenli, Yangming launch Intra-Asia service
- Odense builds fourth 7,000-TEU ship for Maersk Line
- China and Singapore to sign free trade accords
- 130 x 12,500 TEUers to carry all FE-NE by 2012: Alphaliner
- Laem Chabang orders three empty handlers from Konecranes
- Flatbed carrying container hits bridge on NC Interstate
- Taiwan airfreight falls, ranking slips two notches to 15th
- Qantas cuts fuel surcharge 7.1 - 9.5pc to reflect oil price fall
- John Menzies forecasts weaker aviation business this year
- Lufthansa opts for Descartes GF-X for three more years
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| OCTOBER 10, 2008 |
- Buccaneer back in South China waters
- New shipbuilding subsidy scheme on anvil-Baalu
- Vizag Port comes a long way in 75 years of excellence
- GDL wins award for CFS efficiency & service excellence
- Global meltdown ripples will touch Indian shores, admits Chidambaram
- Indian envoy bares UN, IMF failures in hour of crisis
- India not immune to global crisis, warns FinMin's top Advisor
- See opportunity in adversity, US company head advises India Inc.
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| OCTOBER 9, 2008 |
- Qatar Airways on schedule to start Doha-New York service
- Study: European east-west freight traffic to double by 2030
- Itella Logistics expands parcel operations in Estonia
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| OCTOBER 9, 2008 |
- Panamanian tanker "freed"
- Deals and disputes in ITF "week of action"
- Whale protection rule approved
- TEN buys back suezmax pair
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| OCTOBER 9, 2008 |
- Corps contract for Conrad
- NATO ships join antipiracy efforts
- NOAA reg sets speed limit to protect whales
- Cargotec offers spreader-mounted container scanning
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| OCTOBER 9, 2008 |
- Shipper pleads guilty to violating pollution act
- Gray Line of Seattle earns King County environmental nod
- Freight services index drops during month of August
- WSDOT shuffles ferries due to WALLA WALLA repairs
- Carriers come together to form new Asia service
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| OCTOBER 9, 2008 |
- Hurtigruten vessels at risk of lay-up
FERRY company will be forced to lay-up two ships unless it secures cash from Norwegian government as soon as possible.
- Hurtigruten in line for cash bail-out
- EU ministers approve diluted safety directives
TRANSPORT ministers have agreed to radically reduced versions of the civil liability and flag state control directives.
- Brokers stunned by 'zero dollars per day' deal
PANAMAX rates continue freefall amid unconfirmed reports a vessel had been fixed for a voyage that covered bunkers and port costs only.
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| OCTOBER 9, 2008 |
- Top talks still alive
TOP SHIPS has extended negotiations on its possible sale to Greek shipping magnate George Economou ' but the price offer could change
- Spain ditches Bilbao court case
SPAIN'S high court has shelved a case over alleged extortion and malpractices at Bilbao port after finding insufficient evidence against the accused
- Weaker real boosts Brazil
BRAZIL'S currency has weakened during the past week, providing a boost to exporters, such as car part makers, and container operators, who need more exports out of Brazil to achieve a more balanced trade
- Oceanaut bulker purchase delayed
BLANK CHEQUE company Oceanaut's $352M purchase of four bulkers has been thrown into doubt, as a company EGM to discuss the proposal was cancelled
- 'Extraordinary' NY maritime ruling
A NEW YORK judge has ruled that Rule B attachments are allowable for vessel sale contract disputes, contradicting a long-standing precedent in this jurisdiction
- Shipping for Palawan oil beginsz
SHIPMENT of the first extracted oil from the Galoc oil reservoir off northwest Palawan in the Philippines has commenced
- US shortsea scheme a step closer
PROSPECTS for a shortsea shipping scheme in the US are brighter today, the US maritime administrator tells Fairplay
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| OCTOBER 9, 2008 |
- US container slump seen continuing
Slump in containerized imports is expected to continue for at least the next six months, ccording to latest Port Tracker.
- Maersk to upgrade S. America-Mideast service
- Seattle, Tacoma focus on infrastructure, joint promotion
- Intermodal lifts rail volume
- Airlines slash fuel surcharges
- Lufthansa leads race for stake in Alitalia
- Seaway talks continue under strike threat
- Sri Lanka resurrects plan for Colombo terminal
- Horizon reduces Pacific fuel surcharges
- CMA CGM starts service to Tangier hub
- ANL to raise rates between Australia, New Zealand
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| OCTOBER 9, 2008 |
- KART launches trucking service between China and Thailand
- Savannah to aggressively secure additional capacity
- PD Ports appoints agent in India
- JSC TransContainer opens revamped Zabaikalsk terminal
- MPA looks for Seagirt lease deal
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| OCTOBER 9, 2008 |
- More pullback
US shipping stocks were trading mostly down Thursday afternoon as the Dow falls below 9,000 points.
- OSG boosted
Analyst hikes earnings estimates for Morten Arntzen-led tanker owner as third-quarter rates come in better than expected.
- Rate gate
Little-known Indian shipbroker at heart of "free" panamax charter says deal is a dud.
- Port shutdown
Strikes again hit Argentine ports as dockers and tug crews plan a 24-hour action Friday.
- Dover breakdown
UK coastguard tows Cargo-Link ro-ro to safety after it breaks down in the Dover Strait.
- Sigma swells
Mercator, CSDC and Conti flock to tanker pool, while ETA boosts its presence.
- Charter free
Bulker heads from China to India for daily rate of $0, unconfirmed reports suggest.
- At Top price?
Shipowner George Economou and Nasdaq-listed Top Ships takeover talks continue, but $6-per-share price tag may change.
- Credit runs dry
Cargo sellers shunning letters of credit aiding sharp decline in dry-cargo rates, sources say.
- Bad wind?
USCG commissions study into effect of planned Nantucket Sound wind turbine farm on marine radar.
- Hernia hiatus
OSG tanker's transatlantic voyage briefly held up after ill crew member taken to Bermuda hospital.
- Ningbo's notes
Chinese bulker owner sells CNY 600m of one-year bonds to boost finances.
- Duo detained
Two bulkers, including a Philsynergy-managed vessel, feature on Hong Kong's September list of shame.
- Mind the gap
Allianz's US subsidiary is moving to fill a potential insurance void created by US environmental regulations.
- Double blow
Hurtigruten to chop 30% of its shore-based staff as it approves lay up of two vessels.
- Texas tonic
State ploughs $5.5m into getting ferry run between Galveston and Bolivar back in business after storms.
- Drugs bust nabs 2
Venezuelans posing as inspectors collared after 10kg of cocaine found on German ship in UK.
- Oceanaut on hold
US-listed blank-cheque vehicle postpones shareholder vote on four-ship bulker buy in turbulent financial climate.
- Dredger bashed
Clash with tanker leaves Indian owner Jaisu's Kamal XXIX badly damaged at Kandla.
- Probo probe halts
Lawyers in Probo Koala toxic slops dumping case walk out of trial in Ivory Coast over witness no-show.
- BP bows out
Kittiwake looks for new partners to manufacture fuel scrubbers as oil major sells majority stake in Krystallon venture.
- Sulpicio death
Welder killed by falling steel ramp on Philippine owner's ferry Filipina Princess.
- Irene released
Ransom of $1.6m said to have been paid for release of Japanese tanker and 19 crew held off Somalia.
- Alam extends
Malaysian offshore vessel operator sees AHTS taken on charter for a further twelve months.
- Jones Act victory
Shipbuilders Council of America claims court rules in its favour over conversion of Matson boxship at Chinese yard.
- Troim tops up
John Fredriksen's lieutenant jumps on Seadrill's stock falls to boost stake in rig owner.
- Trade on ice?
Shipping groups call for extra icebreaker on Lake Michigan, fearing disruption if only USCG vessel is out of action.
- FSL cuts divi
Global credit crunch forces Philip Clausius-led shipping business trust to reduce payout
- China cuts back
Aussie miner says steel mills have requested delays in second quarter ore shipments.
- RCL secures loan
Thai intra-Asian operator seals 10-year financing from Japan's BTMU to fund new feedership delivery.
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| OCTOBER 9, 2008 |
- Seasonal service reductions beginning in transpacific
- Reports: Ship chartered for fuel and port costs
- British naval officer advocates mercenaries to fight piracy
- NOAA issues final whale regulation
- YRC warns of drop in book value
- YRC shifts some collections work to India
- USDA to phase in Lacey Act import declaration enforcement
- Logistics software firms hit by world economic woes
- Fla. electronics shipper pays $170,000 for export violation
- BDP Project Logistics opens second China office
- U. of Md. to study economic effects of phytosantiary policies
- R&L pays $108,000 to settle alleged antiboycott violations
- ILWU workers seeing less work at major West Coast ports
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| OCTOBER 9, 2008 |
- Stella Lines closes down service to St Petersburg
The Finnish shipping company Stella Naves Russia Oy Ltd, that operates ferry traffic under the name Stella Lines, has closed down the ferry service between Helsinki and St. Petersburg. The traffic started in the beginning of August 2008 with the ...
- Hijacked vessel freed
The Japanese-owned Panama-flagged chemical tanker M/T Irene was released by Somali pirates on October 8. The vessel was hijacked in the Gulf of Aden on August 21. M/T Irene has a crew of 19 persons, including ...
- IBF declares "high risk area"
The International Bargaining Forum, IBF, has agreed to establish a "high risk area" covering the major part of the Gulf of Aden with immediate effect. Seafarers on ships covered by IBF Agreements will receive a bonus equal to 100 per ...
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| OCTOBER 9, 2008 |
- Mississippi oil spill hearing resumes
Investigation causes Congress intervention on the inspection of towing vessel.
- MEPC adopts MARPOL Annex VI revision
IMO committee rubber-stamps 'historic agreement' controlling air pollution from ships.
- Horizon Lines reacts to bearish market
Shipping line reduces fuel surcharge for second time in a month.
- Global bunker market report
- Nigerian players see progress in drive for reform
Task force will meet 'soon' to discuss licensing physical suppliers.
- Chinese bunker market has 'high potential'
Shell Marine Products confident about prospects in China.
- Ferry operator wants help with rising costs
Environmental tax and fuel costs could force ferry operator to lay up two vessels.
- Bunker prices mixed in Asian market
Prices in Hong Kong up on tight avails.
- Kittiwake acquires BP's stake in Krystallon
Agreement signals start of 'new phase' for scrubber manufacturer.
- Singapore residual fuel stocks rebound
Fuel stocks rise to a six-week high this week.
- Singapore to impose Bunker Convention
Shipowners need to be insured against bunker oil pollution.
- ExxonMobil offers late-October cargo
Other Yanbu cargoes for October loading going to Singapore.
- China's bunker market failing to draw buyers
Poor infrastructure and reliance on fuel imports keep prices high.
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
