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| OCTOBER 16, 2008 |
Shipping News
- APL, PSA bag Lloyd's List Asia awards
The Lloyd's List Asia awards last night saw APL picking up the Asian Container Shipping Line of the Year award, while PSA International once again picked up the Container Terminal Operator of the Year award.
- New national standard to boost bunker practices
The Port of Singapore has notched up another world first with the launch yesterday of Singapore Standard SS 600: 2008 - Code of Practice for Bunkering.
- Cargo rates dip on tight credit
Pacific Basin Shipping Ltd, Hong Kong's biggest dry-bulk carrier and Precious Shipping Pcl said that demand for moving coal, iron ore and other commodities will fall because banks are guaranteeing fewer loads.
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| OCTOBER 16, 2008 |
- CMA CGM east Mediterranean service calls at Ningbo Daxie
- Yang Ming starts Far East-Israel (ADX) service
- APL credits backhaul for 6pc volume increase
- Banned IRISL offers 600-TEU ship service to Venezuela
- US Navy: Pirates will seek new hostages as old ones freed
- Rotterdam and Amsterdam ports to merge July 1, 2009
- Ghana Ports Authority imposes box handling monopoly
- Rio Grande CT expansion four years ahead of schedule
- FPS Sri Lanka provides services for Oluvil Port Project
- BIFA to hold free workshops for UK freight forwarders
- 'Chilling' anti-railway buyout bill denied fast track
- Zhengzhou Airport tries on low-cost operation mode
- Lufthansa, Air France suffer September cargo slump
- Hong Kong's AAT's truck control system wins two RFID awards
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| OCTOBER 16, 2008 |
- Global meltdown impact on shipping projected to be 'severe'
- Baalu christens 2 of SCI's boxships
- Probe begins into dumping of linen fabrics from China & Hong Kong
- 20 mt coal to be imported
- Crude import cost doubles in 5 months
- Brand Italy to vibe with Indian business
- Gems & jewellery exports fetch 18 pc more in H1
- MPSEZ bags 'Private Port of Year' award
- Fairdeal Group's ICD-Indore launched
- First-ever bulk grains rake flagged off from Adani Agri Logistics depot in Haryana for Navi Mumbai
- Rlys' freight earnings up by 20 pc in H1
- RBI to release Rs 20,000 cr. more to meet needs of mutual funds
- Assocham offers formula to end liquidity crisis
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| OCTOBER 15, 2008 |
- St Lawrence labour deal done
- Puntland troops free freighter
- IBM's US$7.5m deal with Moller-Maersk
- IRI "expecting 150 new ships"
- "Shipping should be in Kyoto Protocol":NITC
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| OCTOBER 15, 2008 |
- Somali pirates seize bulker
- Financing hitch hits Aker Philadelphia shuttle tankers
- Signal International to repair two Hercules Offshore rigs
- Two year contract for Rowan Gorilla II
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| OCTOBER 15, 2008 |
- Port of Bellingham releases new waterfront project information
- Corps breaking up pair of dam projects
- Container education group expanding resources for students
- Container & Intermodal Institute names Connie Award winners
- Mediated talks break down between Boeing, machinists union
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| OCTOBER 15, 2008 |
- Bulker rates fall amid trade credit fears
RATES slide further on fears that 'frozen' credit lines are restricting shipments of dry bulk commodities.
- 'Horrible week' adds to Pacific panamax woes
- NOL's Widdows explains pullout from Hapag race
TAKEOVER of Hapag Lloyd would put NOL at risk, says Ron Widdows in a letter to customers.
- Box lines call for shipper support on consortia rules
LINER industry asks shippers to join them to persuade Brussels to drop controversial proposal.
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| OCTOBER 15, 2008 |
- Crew crunch is even more worrying
SHORTAGE of officers could prove to be of greater significance to shipping than the credit crunch, Jan Morten Eskilt, chairman of OSM Group, told the Marine Money conference in Singapore today
- Attica brings Superfast in-house
ATTICA Holdings is to absorb its subsidiaries Superfast Ferries and Blue Star Maritime through an exchange of shares and issue of new ones
- Three arrested after Fedra loss
GIBRALTAR police have arrested the captain and two crew members of the bulk carrier Fedra, which split in two during severe weather on 10 October
- Energy shipping will secure funding
SMART money is likely to shift across to offshore shipping and tanker trades, delegates at the Marine Money conference in Singapore concluded today
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| OCTOBER 15, 2008 |
- Trans-Pacific lines see 2009 rebound
Lines anticipate rebound in eastbound Pacific in second half of 2009; look to recover more bunker and inland diesel costs.
- Transportation interests warned on gov't. intervention
- NYK, OOCL to share chassis
- Puerto Rico ports close as Hurricane Omar approaches
- NATO warships on way to fight piracy off Somalia
- Maersk hikes Asia-Aus. rates
- CMA CGM expands Europe-Indian Ocean service
- Economic crisis could help re-start Doha trade talks
- International Shipholding expects Q3 profit gain
- ProLogis in Japan leases
- CSX net gains 40%
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| OCTOBER 15, 2008 |
- 'Russian Day' in Seoul
- US Importers ill-prepared for new security regulation
- Panama Canal bucks the credit crunch
- Bunker prices return to 2007 levels
- Lonrho takes the wind out of SAILS
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| OCTOBER 15, 2008 |
- Ofers idle capes
Israeli shipowner's Zodiac Maritime Agencies is said to be idling 20 capesize bulkers.
- Pain resumes
A round of bad news push bulker owners lead plummeting stocks on Wall Street.
- Outlook 'difficult'
Dahlman Rose analyst downgrades two tanker owners and says bulker owners face "significant net asset value corrections."
- Supramax seized
New Philippines-managed, Panama-flagged bulker with 21 crew members latest to be snatched by Somali pirates.
- Ballots set to kill
Blank-cheque company Energy Infrastructure Acquisition asks shareholders to push the self-destruct button.
- No Cosco woe
Possible collapse of MPF order will not hit bottom line, says Cosco Singapore as shares tumble.
- Bust in the Baltic
Finnish ferry operator SuperSeaCat suspends sailings and heads for liquidation as financial problems hit.
- Svitzer arrives
Salvors begin removing bunkers from a grounded Argentine bulk carrier off Spain.
- OSG takes stock
New York tanker owner Overseas Shipholding Group buys up $2.8m in shares of spin-off OSG America.
- One for all
East and southern African nations closer to agreeing shipping line to handle regional business.
- ACS swaps
US owner rejigging sequence of Aker Philadelphia newbuildings due to lack of finance for two shuttle tankers.
- Damen's design
Dubai picks Dutch yard's blueprint for its new ferries, with a Chinese yard lined up to actually build them.
- Yard drama
Cammell Laird workers jailed in 1984 after industrial action have written a play about their experiences.
- NITC VLCCs hit
NITC boss Mohammad Souri says two of his VLCCs were recently targeted in Gulf of Aden.
- Hapag to float?
MM Warburg's Christian Olearius says container line's new owners should consider IPO as well as acquisitions.
- Car carrier blaze
Confusion as to whereabouts of chief engineer as fire breaks out onboard ship off Japan.
- Trio for Samsung
Korean yard bags single aframax order from unidentified Italian and confirms Geden Lines duo.
- Canal cash
Panama defies credit crisis to fix up loans worth $2.3bn for widening of vital canal.
- TB at GB
Bahamas hospital confirms positive tuberculosis test on worker at Grand Bahama Shipyard.
- SMC adds three
Shipping arm of Philippines brewer San Miguel wins state tax breaks for two Chinese newbuilds, buys Japanese barge.
- Calais closed
French port officers begin 24-hour strike, forcing P&O to suspend ferry loading at Dover.
- Outbounds decline
US westbound container volumes sharply down on previous months on strong US dollar.
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| OCTOBER 15, 2008 |
- Drewry: Reefer shipping is still robust
- Coast Guard's Bone joins American Bureau of Shipping
- Langh introduces new containers for steel shipment
- Feldman named VP international operations for Pilot
- CSX records profit increase from continuing operations
- Chertoff stands ground on 100% scanning
- Congress proposes relaxed phase-in of Lacey Act
- USDA to allow guava fruit imports from Mexico
- CEVA to operate distribution center for BMW in Poland
- Tilden, Bloom to receive "Connie" awards
- Vancouver USA port to slash capital spending in 2009
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| OCTOBER 15, 2008 |
- ITF inspected 251 vessels in Baltic Sea
251 vessels were inspected by joint seafarer/docker/ITF teams in coordinated operations across the ten countries in the Baltic Sea (including Norway) between October 6-10. Five vessel agreements have been signed, four notices of agreement received, and USD 8,276 ...
- Rem Offshore sells PSV
Rem Offshore sells the PSV (Platform Supply Vessel) Rem Server to an undisclosed foreign buyer. The price tag is NOK 243,5 million and gives Rem Offshore a booked profit of NOK 80 million. Rem Server, built in 2007 and of ...
- New Norwegian recycling settlement
The Norwegian government and the Norwegian Shipowners' Association have agreed on measures to improve safety at recycling plants. ' This is a major step in the work of making the industry environmentally friendly and safe, says Erik Solheim, Minister of the ...
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| OCTOBER 15, 2008 |
- Hess launch carbon neutral program
C-Neutral to meet energy solutions demands as industry faces growing pressures.
- Shipping has 'urgent need' to reduce CO2 emissions
CEO of Shell Marine Products says shipping could 'halve' its energy consumption.
- Global bunker market report
- Gas-to-liquids bunker fuel reduces harmful emissions
CEO of Shell Marine Products says tests confirm the benefits of gas-to-liquids gasoil.
- Ship manager says ECAs 'create more emissions'
'Erratic availability' of low-sulphur fuel leads to wasteful burning of high-sulphur fuel.
- K-Line sees big savings from slowing down
Bunker fuel's share of operational costs has increased sharply in the past year.
- Bunker industry should prepare for 'painful cycle'
'Na've' to think industry will escape impact of the 'financial meltdown', says Chemoil chief.
- Rotterdam barge market firm
- Bunker prices resume downward slide
Asian bunker markets weakening as crude oil price falls.
- 'Irrefutable' bunker measurement tool launched
Technology said to guarantee fuel oil quantity delivered.
- Bunker industry faces credit challenges
Keynote speakers at SIBCON 2008 address the challenge faced by the industry in the current economic environment.
- Singapore reveals new national bunker standard
First standard in the world for bunker suppliers and surveyors.
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