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| MAY 4, 2009 |
Shipping News
- Maersk may sell passenger ferry unit
AP Moeller-Maersk A/S, Denmark's biggest company, is in talks to sell its passenger ferry operator to focus on returning its container division to profit and expanding oil activities.
- Kuwait group drops plan to buy Manila shipping firm
UNABLE to raise funds from a recession-hit debt market, Kuwait-linked KGLI-NM Holdings Inc has backed out from a deal to buy out the Philippine's largest and oldest shipping company, Aboitiz Transport System (ATS).
- Baltic Dry Index up 1.1% on rising steel prices
The Baltic Dry Index, a gauge of world trade, gained for a second day on speculation that rising steel prices will spur demand for iron ore.
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| MAY 4, 2009 |
- HK exports 'better, but not good' as March exports slide 19pc
- YICT launches Yantian to Xiaolan barge express
- Horizon Lines suffers first quarter loss of US$10 million
- China Merchants Zhangzhou Terminal, Wanhai offer service
- China port uptick in March from stimulus-funded coal buys: expert
- Zimbabwe to build inland port near Harare International Airport
- Sino-International Forwarder Conference held June 11-14
- Breakbulk Europe conference held in Antwerp May 26-28
- DHL adds Boeing 747-400F to Hong Kong- Singapore route
- First quarter Chongqing Airport export volume falls 27pc
- AirBridgeCargo Airlines honoured with Wings of Russia award
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| MAY 4, 2009 |
- Scrapping of single-hull & aged vessels may cause VLCC rates to double in Oct.-Dec.
- Greatship takes delivery of AHTSV
- Exports decelerate by 33 pc in March
- Exports may pick up only in 2010-11, feels Pillai
- Soft credit for exporters continues till October
- Fieo chief pleads for export credit at least at 7pc
- Sensitive goods imports surge by 30.5 pc in April-Feb 2008-09
- Spanish naval frigate makes friendly maiden call at Mumbai Port
- Arshiya overcomes challenging year to post excellent results all round
- Officials find stimulus packages beginning to yield results
- D. B. Group India moves into new headquarters
- Capt P. V. K. Mohan re-elected President of Force Congress
- GDL posts positive growth in profits & revenue in 2008-09
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| MAY 1, 2009 |
- Hamburg Sud and Hapag-Lloyd continue Atlantic link-up, Sud drops solo route
- ABS has strong 2008
- AP Moller-Maersk in talks over Norfolkline
- Panama Canal drops fees
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| MAY 3, 2009 |
- Credit crunch kills contract for advanced MPV
- Vinyard takes SCA chair
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| MAY 1, 2009 |
- Allegiant Air set to begin Bellingham to Los Angeles flights
- Rail freight traffic count drops down during week
- Crowley aids employees in TWIC credential process
- Port of Tacoma talks 'change' at annual breakfast meeting
- Potential bidders take tour of Panama Canal project site
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| MAY 1, 2009 |
- ACP offers short term relief to boxlines
PANAMA Canal Authority to offer limited concession to show "sensitivity to customer needs".
- Panama Canal resists pressure for a cut in tolls
- ABS boss sees "silver lining in gathering clouds"
IMPENDING contraction in newbuilding activity offers "opportunity to chart a new course", says Robert Somerville.
- US Shipping outlines bankruptcy plan details
US Shipping able to hold on to its $15m cash balance through the bankruptcy period.
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| MAY 1, 2009 |
- LNG market seen up 7% a year
THE GLOBAL market for LNG will expand by 7% a year until 2020 despite the recession, the Australian producer Woodside Energy predicted today
- Nine held in cruise drug case
BARCELONA police have smashed a smuggling ring that allegedly used cruise ships to transport cocaine from Brazil to Spain, Spanish police announced today
- Panama unveils transit relief
THE PANAMA Canal Authority will implement temporary measures to reduce some transit costs through 30 September
- Termination fees hit DryShips
DRYSHIPS has reported $101.8M in first-quarter losses, driven by cancellation costs and a sharp drop-off in rates
- Economou bullish on prospects
DRYSHIPS chairman George Economou cited positive signs today on both supply and demand and offered assurances on his company's yet-to-be finalised covenant waivers
- Rise seen in shipping accidents
DNV SAID today losses from navigational shipping accidents continued to increase last year, which confirmed its prediction of February 2008
- Alabama master in ship arms plea
MAERSK Alabama captain Richard Phillips has publicly advocated arming ranking officers aboard vessels transiting piracy-prone waters
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| MAY 1, 2009 |
- U.S. Shipping Partners Files Chapter 11
- Trade Rep. Touts Intellectual Property
- May Day Rally Canceled
- Houston to Receive $98.3M in Stimulus
- Global Ship Lease to Amend Credit Terms
- Grimaldi Group Ro-Ro Service Begins at Port of Boston
- 10 Tips to Choosing the Right Dispatch Solution
- KCS Monitors Flu, Shipments Go On
- Short Line Traffic Hits Low for Year
- Corps of Engineers to Spend $4.6B on Stimulus Projects
- A.P. Moller-Maersk in Talks to Sell Norfolkline
- Maersk Hikes Asia-Latin America Rates
- Heathrow Cargo Falls 14.6 Percent
- Manufacturing Index Jumps in April
- Factory Shipment Decline Hits Longest Streak in March
- Mexico Begins Swine Flu Shutdown
- Covenant Transport Loses Less in 1Q
- Asia-Australia Lines Hike Surcharges
- APM Terminals Joins Congo Terminal Group
- Panama Canal to Cut Some Tolls in June
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| MAY 1, 2009 |
- Virus upon virus
Just as confidence started seeping back into global bourses, and the shipping industry began to eagerly anticipate the prospect of a slow recovery, a swine flu pandemic is threatening to derail this fragile progress and stymie globalisation. Yesterday (April 30), the UN's World Health Organisation (WHO) raised the alert level to category five - one level short of a full pandemic.
- Cosco's 2008 profit plunge
- Gothenburg to be privatised
- Swine flu setback for US exports
- APM T to invest in Congo Terminal
- Panama Canal launches customer cost saving plan
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| MAY 1, 2009 |
- Tropical defies
Caribbean liner player Tropical Shipping posts increase in operating income despite fall in revenue.
- Turkish attack
Pirates fire on Turkish boxship an incredible 1,150 nautical miles off the East African coast.
- Nord Whale sold
Greek interests said to have purchased Norden's supramax bulker Nord Whale for $24.5m.
- Saldanha freed
Economou confirms release by pirates and says DryShips could cancel another vessel deal but also could raise
- Emarat ship sold?
Brokers say Emarat Maritime's handymax Dubai Guardian has found a new home for $17m.
- Canal reprieve
Panama Canal Authority reduces fees for ship transits to help "clients mitigate the effects of the current economic crisis."
- DryShips shifting
A $100m loss can't keep bulker owner's stock down as first quarter figures top Wall Street forecasts.
- Unparalleled drop
Matson Navigation suffers quarterly loss after volume drops with "no modern parallel."
- Top brass beams
Eitzen Group executives see earnings boosted in 2008.
- DFDS eyes ro-ros
Danish ferry group says it is one of potential buyers of Maersk's Norfolkline business.
- It's quotes time
South Park gets in on the Somali piracy game as buccaneers are left planking it by wily crew.
- Aegean adds one
Greek bunker player picks up tanker from Norwegian owner for undisclosed fee.
- Dry delight
Bulker owner Taiwan Navigation manages profit rise in first quarter as costs are slashed.
- Size matters
Minnows of the global chemical tanker fleet are set to recover first because of small orderbook, says DVB.
- DryShips loses
Greek bulker owner spends second consecutive quarter in the red, but CEO George Economou is talking tough as numbers beat forecasts.
- Blaze kills one
Crewman suffocates after broken fuel pipe leads to fire on Vietnam government-owned ship.
- Losing more
Taiwanese boxship owner Wan Hai slips to bigger loss in first quarter as costs outstrip revenues.
- Forth's first down
Trading down in opening quarter at UK's Forth Ports but on target to meet "challenging" year.
- Happy 280th
Croatia's Kraljevica shipyard celebrates its founding in 1729 as privatisation nears.
- GSL wins waiver
Ian Webber-led boxship owner has two months to amend $800m loan after dearth of ship valuations put covenants in question.
- AHTS gets $10m
Pacific Radiance of Singapore cashes in new anchor handler in deal with Global Marine Services.
- U-Ming falls
Taiwanese bulker owner's profit almost halves in tough first quarter.
- Losses cut
2008 deficit reduced at Ukrainian shipyard Izmail as revenues improve.
- Maersk to sell
Danish giant in talks to dispose of UK to Europe ro-ro unit Norfolkline.
- Greek buys OSV
Environmental Marine buys ageing standby rescue vessel from British owner.
- More at Marenave
German shipping trust says it is well placed this year after tankers boost earnings in 2008.
- Zim returns six
Israeli container line chops charters of sextet of vessels owned by controlling Ofer family.
- Time lag
US class society ABS is expecting a slow-down in its business from 2010 as slump in ship orders hits.
- Courage needed
Singapore-listed bulker player issues profit warning and expects to report a loss in the first quarter.
- Sunk by sand
Ro-ro goes down in St Kitts after loading five trucks filled with sand.
- Box fight
Hamburg Sud and South American liner operators secure arrest of containers on broken-down boxship in California.
- Shinwa Naiko woe
Japanese coastal bulker owner fails to escape dry bulk downturn as profits nearly evaporate.
- Data still weak
Ongoing global slowdown continues to depress volumes and rates at Neptune Orient Lines.
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| MAY 1, 2009 |
- Phillips: Military should protect U.S.-flag ships
- Maersk looking at ferry "transaction"
- Chan heads China marketing for GAC Shipping
- Martinair cargo executive to plead guilty to price fixing
- DHL expands Taipei, Incheon hubs
- Hong Kong airport cuts landing, parking fees
- Strike threat from Vancouver truckers
- Mountain Valley Express adds Arizona
- Army Corps leaves Soo Lock off stimulus project list
- CBP to adjust "10+2" filing logs, deadline intact
- Napolitano looks to cut fat from DHS
- APL to overhaul Stein Mart's distribution
- FMC reviews 52 OTI license applications
- MSC extends Baltimore contract for 6 years
- China hawks Shanghai as shipping hub
- Congo container terminal overhaul begins
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| MAY 1, 2009 |
- Activity limited but prices firming as week ends
380 cst fuel at a six-month high in Houston and Los Angeles.
- Panama Canal Authority upgrades fleet
Plans for total fleet of 46 tugs by 2014.
- US 'no longer absent without leave'
ECA proposal follows Europe's lead, PM control 'not a new issue'.
- Lower bunker prices impact first quarter revenue
Matson Navigation sees falls in freight volumes that are without 'modern parallel'.
- Holiday hits bunker activity in European ports
Little price movement seen, although crude oil market was firming.
- Aegean secures its biggest tanker yet
Plans to employ 'one of the largest bunkering tankers in the world' in UAE waters.
- World's 'biggest' bunker barge due this month
The first of two 22,000 dwt bunkering vessels expected in Singapore at the end of May.
- Shipping can help combat global warming
UK Chamber of Shipping defends industry's record on the environment.
- Bunker spill clean-up costs nearly double
Australian official says bill could reach $18 million.
- Falmouth bunker spill leads to fine
Shipping firm order to pay $15,000 for bunker spill in UK port.
- South Korean traders grapple with slowing sales
Oil refiners putting less marine fuel onto the market.
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