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25 April 2018 The on-line newspaper devoted to the world of transports 06:33 GMT+2

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The Business Timesweb site
DECEMBER 11, 2008
Shipping News
  • MMC may sell port stake to fund expansion
    MMC Corp Bhd, an operator of ports and power plants, may sell part of Malaysia's second largest container port to fund expansion plans, according to a report in Malaysia's Business Times quoting sources.
  • Panama lines up loans for canal work
    The Panama Canal Authority has signed a group of loans totalling US$2.3 billion to finance the expansion of the waterway.
  • Baltic Dry Index up on spot iron ore
    The Baltic Dry Index, a measure of shipping costs for commodities, rose for a second consecutive day on increased spot purchases of iron ore to make steel.

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Sched Netweb site
DECEMBER 11, 2008
  • Maersk Line transfers intra-Asia operations to MCC unit
  • APL monthly volume off 12pc, but BAF ups revenue 9pc
  • Wan Hai puts eight displaced ships on intra-Asia routes
  • Top China researcher sees newbuilding orders fall 60pc in '09
  • Guangdong delays stringent labour law, lets cities make rules
  • Shanghai Port forecasts 2008 box growth at 9pc
  • Tianjin Port customs opens second of four inland depots in Beijing
  • Yangshan mega terminal Phase 3, Stage 1 passes state inspection
  • Guerrillas destroy 100 NATO vehicles at container terminal
  • Hamburg Sud to open own agencies in south Italy, Egypt
  • DHL forwarding to handle million TEU in Asia sea freight
  • Panama Canal Authority takes bids for dry excavation project
  • New UPS sorting hub opens in Shanghai Pudong airport
  • Air China Cargo and DHL sign memorandum of cooperation
  • Peoria may benefit from UPS closure of Decatur operation
  • Overseas Express Perishables to airlift lobster to Luxemburg
  • HK Air Cadets receive Dragonair Aviation Certificates

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Exim Indiaweb site
DECEMBER 11, 2008
  • Arshiya International gets formal BoA approval for its Mumbai FTWZ
  • Agility wins Supply Chain Innovation Award
  • GRT celebrates 10 years of success
  • GE Shipping contracts to sell Handymax ship
  • Yards face cancellation of 15 pc newbuilding orders
  • 44 pc rise in export of oilmeals during April-November
  • KPT sets up Customer Relations Cell
  • Navlakhi port handles first gearless vessel
  • Role of private sector in expansion of Mormugao Port
  • Govt mulls use of Port of Halifax for exports to N. America
  • Concor's Durgapur terminal to handle 500 TEUs a month initially
  • Cabinet Secretary to head panel on economy
  • Adani Group to start infrastructure management institute

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Maritime Global Netweb site
DECEMBER 10, 2008
  • Hebei Spirit officers jailed
  • Ballast water issue could stop Lakes traffic

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Marine Logweb site
DECEMBER 10, 2008
  • Promotion at Washington Marine Group
  • NASSCO product tanker on sea trials

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World Wide Shipperweb site
DECEMBER 10, 2008
  • Port of Seattle CEO responds to investigation
  • Tilden, Bloom receive 2008 Connie Awards
  • Trucking association introduces new training safety program
  • Port of Bremerton CEO announces plans to retire
  • Merchant Marine Academy students take home Crowley scholarships

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Lloyd's Listweb site
DECEMBER 10, 2008
  • Industry slams decision to jail Hebei Two
    NATIONAL Union of Seafarers of India warns of possible backlash against South Korea.
  • BIMCO joins criticism of Hebei duo verdict
  • DryShips axes ships purchase to save cash
    COMPANY blames "significant deterioration in the dry bulk market" for cancelling $400m acquisition of four panamaxes.
  • Stena and Concordia back Arlington merger
    FOUNDING shareholders plan to vote in favour of the New York-listed company's merger with General Maritime.

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Fairplayweb site
DECEMBER 10, 2008
  • Oil demand losing streak seen
    GLOBAL oil consumption will fall in both 2008 and 2009, the first consecutive annual drops in three decades, EIA has predicted
  • Heads roll over Seattle port fraud
    TWO TOP Port of Seattle managers have resigned, another four have been suspended and three others reprimanded in a fraud scandal
  • Stena blesses Arlington deal
    A DEAL to combine Arlington Tankers and General Maritime gained its most important backers today: Sweden's Stena AB and Concordia Maritime
  • Korea sentences Hebei officers
    A SOUTH Korean court has today overturned the judgment exonerating the crew of tanker Hebei Spirit in the middle of this year for causing the country's worst oil spill
  • Shipping bodies slam Hebei ruling
    THE WORLD shipping community has today condemned the sentencing of the Hebei Spirit crew by a Korean court
  • DryShips scuttles contracts
    DRYSHIPS has cancelled its acquisition of four Panamax bulkers from private companies controlled by its chairman George Economou
  • Stevedore death angers workers
    ABOUT 200 Spanish workers today demonstrated at Santander's port over the death of a stevedore who was killed in a fall during unloading

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The Journal of Commerceweb site
DECEMBER 10, 2008
  • US to take plans for anti-piracy strategy to UN
  • Global lenders sign off on $2.3B for Panama Canal
  • Evergreen makes Savannah first Far East-USEC call
  • Seattle ups compliance
  • Jaxport inks Hanjin lease
  • FedEx lowers guidance
  • Long Beach port expands ship anti-smog incentives
  • Empty tandem lifts OK'd
  • 6th new ship for Seaspan
  • Tema call for Hoegh

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Containerisation Internationalweb site
DECEMBER 10, 2008
  • Riots continue: Greece in 'self-destruct mode'
  • Hanjin/Jaxport deal signed
  • Two Seattle port managers quit after fraud report
  • Hamburg Sud takes over in Southern Italy but merges in Egypt
  • Khehne: K+N 'well positioned' to beat the slow-down

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TradeWindsweb site
DECEMBER 10, 2008
  • Four axed
    George Economou-led DryShips pays $160m to cancel four bulkers and secure purchase options on the same ships.
  • Obama factor?
    Are Barack Obama's infrastructure plans behind bulker volume and share price surge?
  • Stena says yes
    Arlington Tankers' largest investor to back merger with General Maritime in 16 December vote.
  • DryShips to sue
    George Economou-led company to pursue unknown Chinese shipowner after it pulls out of bulker buy.
  • 'Hebei hogwash'
    V.Ships' Bob Bishop slams "ridiculous" sentences for Hebei Spirit officers and promises appeal.
  • Breasts located
    Shipping world breathes sigh of relief: 130,000 missing inflatable bosoms tracked down to Melbourne docks.
  • SCI gets cold feet
    Indian giant going slow on a tender for four VLCCs after delaying capesize quartet last week.
  • Hebei two jailed
    Hosco VLCC's Indian master and chief officer sentenced to 18 months and eight months in prison respectively for their part in South Korea's worst ever oil spill.
  • Payback
    Hurtigruten books $11.20m gain after defeating the government in an appeal court.
  • Rio axes 14,000
    Tom Albanese-led mining giant Rio Tinto springs mass lay-offs before Christmas as it aims to sell off 'significant assets.'
  • Fos gridlock
    Strike at French oil terminal ties up 35 tankers, with another 21 expected to arrive soon.
  • Fairstar set up
    Heavylift player gets $4m extension from HSH Nordbank to set it up for first half of 2009.
  • PTP interest
    Foreign and domestic firms reportedly eyeing MMC Corp's controlling stake in Malaysian port.
  • Kneen's CFO elect
    Former Grant Prideco man Quintin Kneen lined up as GulfMark's finance chief following retirement of Ed Guthrie.
  • Bunker boost
    Canadian owner BC Ferries will remove all fuel surcharges by 19 December as fuel bills fall.
  • Advisor needed
    Italian government invites investment banks to bid for right to help privatise ferry owner Tirrenia.
  • Marag merges
    Danish bunker broker becomes part of sister group OW Bunker in rebranding.
  • China slows
    November port volumes grow by lowest rate in 10 years, as export and import business actually falls year-on-year.
  • NOL cargoes slide
    Singapore liner operator's capacity reductions take their toll on volume of containers handled.

news on subscription
American Shipperweb site
DECEMBER 10, 2008
  • APL monthly volumes down
  • Seaspan accepts new containership
  • UPS opens Shanghai hub
  • U.S. Chamber offers infrastructure guidelines
  • Task force: Build new Soo lock
  • Schneider National gets more regional
  • CN strikes mitigation deals on EJ&E route
  • Kuehne: K + N equipped to handle downturn
  • ELVIS will leave China textile market Jan. 1
  • ITC names Gildea administrative law judge
  • Vanguard, RoadLink collaborate on drayage
  • FMC reviews 8 OTI license applications
  • Panama Canal secures expansion financing
  • Two Seattle port managers resign
  • Judge grants Longview port eminent domain
  • Jacksonville port signs Hanjin deal
  • CII recognizes industry leaders

news on subscription
The Scandinavian Shipping Gazetteweb site
DECEMBER 10, 2008
  • Hebei Spirit crew members jailed
    A South Korean district court in Daejeon has jailed the master and chief officer of the VLCC Hebei Spirit, despite an earlier ruling cleared them of all charges, reports Lloyd's List. The master was sentenced to 18 months in jail ...
  • New Maersk Line Mediterranean-Europe service
    Maersk Line will from January 2009 launch a new reefer service, connecting the Mediterranean area with Northern Europe. Via the hub in Algeciras the service will also provide an European distribution of fruit from South America, and also provide export ...
  • DOF buys PSV
    The Norwegian shipping company DOF ASA buys the PSV (Platform Supply Vessel) Skandi Waveney, built in 2001 from Aries Offshore at an undisclosed price. DOF's ownership interest is around 40 per cent, the remaining owners are not announced. The 3,246 ...

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The Bunker Bulletinweb site
DECEMBER 10, 2008
  • Spill payments made 20 years on
    Battle continues in run up to new double-hull regulation.
  • US inventory data go against forecasts
    Healthy builds reported for key oil product inventories.
  • Oil gains on OPEC cut speculation
    Russia may coordinate with on cuts to bolster oil prices.
  • Stebbins to sell WFS stock
    CEO will reduce his holdings in the company during 2009.
  • MARAG becomes O.W. Copenhagen
    Company owned by Wrist Group consolidates relationship with O.W. Bunker.
  • Prices flat in most key Asian ports
    Bunker prices in Singapore and other key ports showing marginal movements mid-week.
  • Bunker fuel supply still tightening in Busan
    Avails expected to remain tight until end of the month.
  • Hebei Spirit officers sentenced to prison
    Lower court ruling overturned as prosecutors win appeal.
  • ExxonMobil to cease bunker fuel supply in Melbourne
    The oil major will continue to sell marine gas oil.
  • Extortionists demand bunkers and cash
    Ships that ignored extortion letters come under armed attack.

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