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| APRIL 10, 2009 |
Shipping News
- LNG tanker rate to stay low
Charter rates for liquefied natural gas (LNG) tankers may stay low because of a surplus in LNG shipping capacity, Merrill Lynch & Co said.
- Busan port sees upturn on the cards
South Korea's Busan port, the world's fifth- busiest, took a hit from the worst global downturn in decades but now sees first signs that the slump may be approaching the bottom, an executive said yesterday.
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| APRIL 10, 2009 |
- Cosco box making blamed for 36pc profit fall in 2008
- Pirated US-flagged 1,100-TEU Maersk Alabama retaken, but not its captain
- 'K' Line to trim container, ro-ro fleet 10pc over 12 months
- Shenzhen's SCT welcomes MISC's China, Mideast, Karachi service
- ATA truckers seek injunction to block clean LA-LB truck scheme
- NAFTA trade suffers lowest monthly volume in five years
- England's PD Ports: Lighthouse fee hike risks cargo diversion
- DHL and Makro to build US$4.6 million DC in Thailand
- Sea Asia 2009 aims to exploit opportunity in crisis
- Singapore air authority to hire 400 in Changi restructuring
- Continental and United to win US antitrust immunity
- Qantas group executive John Borghetti to step down
- US federal agency orders air cargo firm to drop lawsuit
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| APRIL 8, 2009 |
- Agrati outsources distribution centre to Kuehne + Nagel
The Agrati Group, a European market leader in the design and production of fastening systems for the automotive and industrial sectors, has awarded Kuehne + Nagel a four-year contr...
- Scan-Trans Project Services joins GPLN
Scan-Trans Project Services, headquartered in Barcelona (Spain), is the newest member of the Global Project Logistics Network (GPLN). Scan-Trans Project Services is a well-kno...
- Weber Distribution with new customer
Weber Distribution, a leading third-party logistics and supply chain management provider, has entered into an agreement with SunOpta, a specialist in sourcing, processing and distr...
- Geodis Wilson sets up new distribution facility at London Heathrow
The forwarding specialist Geodis Wilson, which belongs to the French forwarding and logistics group Geodis, has taken a long-term lease on a new distribution facility at Londo...
- Schmitz Cargobull to eliminate 500 jobs
Schmitz Cargobull is letting go of 500 workers in order to adapt to a drop in demand. The company said that measures such as shorter working hours and ...
- Etihad Crystal Cargo awarded Cargo 2000 certification
Etihad Crystal Cargo, a division of the Arabian carrier Etihad Airways, has been awarded the Cargo 2000 quality certification by the International Air Transport Association (I...
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| APRIL 9, 2009 |
- OPINION: CNBC'S MARITIME 'RAMBO.'
- Tanker rescues yachtsmen
- Maersk Alabama's master held hostage
- UK Club's ships score high ratings
- Marseilles Fos prepares for privatisation
- Jamaica decentralises flag management
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| APRIL 9, 2009 |
- U,S, Shipping Partners sues Blackstone
- Big lift for ABG Shipyard
- Maersk Alabama on the move
- Erie Shipbuilding still working
- Marcon brokers AHTS sale
- Navy takes lead in Maersk Alabama stand-off
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| APRIL 9, 2009 |
- New Crowley tug delivered from Diversified Marine
- Parking prices going up at Portland International Airport
- Construction project closing section of Bellingham promenade
- Port of Camas-Washougal taps new communications boss
- Vessel arrives in Los Angeles with damaged/missing containers
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| APRIL 9, 2009 |
- Beef up naval presence, urges BIMCO
USE of spotter planes and focus on tackling motherships needed to curb Somali piracy.
- Talks underway to free Maersk Alabama master
- Excel plans 'unaffected' by $329m fourth quarter loss
FOURTH quarter write-downs and other book losses have dragged Excel Maritime Carriers to a net loss of $44.7m for 2008.
- Cosco to slash 2009 capital expenditure by 37%
CONTAINER terminal operator braces for 'unprecedented challenges' in 2009, as profits slump 36%.
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| APRIL 9, 2009 |
- Transpacific carriers on brink
THE Transpacific Stabilization Agreement has proposed "unprecedented" minimum Asia-to-US freight rates for 2009-10 contracts to prevent some carriers from ceasing service
- Hapag's CEO details shake-up
MICHAEL Behrendt, Hapag-Lloyd's CEO, has confirmed reports about a major restructuring at the world's sixth-largest container line
- Pirates still hold captain
PIRATES continued today to hold a box ship's captain in a small boat after the Maersk Alabama's crew dramatically retook the vessel
- Lanka to sue as acid ship sinks
SRI LANKA'S navy said a Turkish tanker carrying more than 6,000 tonnes of sulphuric acid sank today off the east coast
- Use Q ships against pirates?
NAVIES should take a page from history to battle piracy by resurrecting the Q ship tactic from the 20th Century's two world wars, a security professional has told Fairplay
- US Shipping sues Blackstone
US SHIPPING Partners revealed today that it has filed suit against private equity firm Blackstone, its partner in a Jones Act product tanker newbuilding programme at NASSCO
- Happy Easter from Fairplay
BECAUSE of the Easter break, Fairplay Daily Email News will not be sent on Friday or Monday
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| APRIL 9, 2009 |
- DHS Announces Security Grants
- Small Railroads Key to PG&E Project
- U.S. Bolsters Fleet of Fuel-Stingy Cars
- APHIS Proposed Chinese Handicrafts Rule
- Rick Larrabee, Port Authority of New York and New Jersey
- Negotiators on U.S. Warship Talk to Pirates
- Three Airlines Guilty in Price-Fixing Case
- FMC Dismisses Puerto Rico Port Tenant Cases
- Investment Key to Rail Legislation
- Rail Traffic Struggles with Weather
- Ro-ro Rolls Up at Jacksonville
- Credit Report Downgrades 28 Nations
- U.S. Pipe Makers Allege Chinese Dumping
- Maersk Alabama Heading into Port
- Coast Guard, TSA Expedite TWIC Activation
- Lufthansa Cargo Tumbles
- Rails Digging Out From Flood Impact
- Rail Market Woes Hit Greenbrier
- Rotterdam Container Traffic Plunges
- Sharp Drop in Imports Narrows Trade Gap
- Evergreen to Upgrade China-U.S. West Coast Service
- Rogoff, Hurley Get Transport Positions
- Fuel Surcharge Lawsuit Runs out of Gas
- U.S. Warship Reaches Maersk Alabama
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| APRIL 9, 2009 |
- It is time to rid shipping of this piracy scourge
The unfolding events of the hijacking of the US-flagged container vessel the Maersk Alabama this week and the subsequent hostage taking of its master has propelled the Somali piracy problem back into the mainstream news. One can only imagine the angst that the boxship's crew experienced as they suffered a sustained five-hour-long assault by pirates armed with AK-47 assault rifles; and not least the distress felt by the brave captain's family back in his home town, sitting and waiting for news of his safety.
- MSC Beatrice boost for European ports
- US destroyer puts the heat on Maersk Alabama pirates
- PD Ports urge UK light dues protest
- Japan Shippers council 'to close'
- Transnet pushes Sub-Saharan strategy
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| APRIL 9, 2009 |
- Granba sinks
Turkish chemical tanker off Sri Lanka succumbs after list led crew to abandon ship.
- Products pain
Analyst cuts estimates for Teekay and OSG but says collapsed products tanker rates should rebound over the summer.
- Threat to freedom
President of Maersk Line Limited says company did "everything it could" near Gulf of Aden and calls for action on piracy.
- Pools combine
Heidmar and W-O Shipping combine pools for small- and intermediate-size chemical tankers.
- USSP fights back
Jones Act owner suing private equity partner after the Blackstone Group tried to force it out of a $1bn joint-venture.
- Navy on scene
Maersk Line confirms captain is held but is unharmed as the Navy arrives at the scene of Maersk Alabama hijacking.
- Excel downgraded
Maxim Group cuts rating on bulker owner as a chorus of analysts say earnings missed their forecast.
- Eye in the sky
Piracy surge prompts aerial surveillance to start over Indian Ocean a day after Maersk Alabama attacked.
- Man overboard
Search on as BW Group tanker loses one during ship-to-ship transfer off San Diego.
- TK slice grows
Slice of Teekay Corp owned by Bank of Ireland-controlled Iridian Asset Management swells to 10%.
- K&R up tenfold?
Aon says increased piracy in the Gulf of Aden is leading to a steep increase in the cost of kidnap and ransom cover.
- Redelivery row
Can you squeeze in an extra voyage in a hot market after giving notice of redelivery? For the answer read on.
- Facebook forecast
Maersk officer onboard hijacked boxship predicted his number was up on social networking website.
- It's quotes time
The tanker industry gets a right Baracking and shipping stalwarts stick the knife into the industry.
- GSI fires warning
Hong Kong-listed shipyard says order standstill and rising costs will slice its first quarter profit in half.
- ABP's axe ready
Depressed trading conditions could see UK port group chop 15 Humber Estuary pilots.
- Trooper swoops
Papachristidis-owned Hellespont Trooper finally reaches Italian father and son shipwrecked in Pacific.
- TTA bins bulker
Thai shipowner sends 27-year-old ship to face the torch in $2.01m deal.
- Out with the new
Port giant Cosco Pacific to slice capital expenditure this year with no new projects on the cards, Xu Minjie says.
- Claim kicked out
Petroleum Geo-Services wins court victory over CGG Veritas in $70m charter dispute.
- Buyback booted
Shareholders narrowly reject plan by Singapore shipping trust First Ship Lease to buy back stock.
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| APRIL 9, 2009 |
- TSA lines to recommended minimum rates
- UPDATE: Hostage talks ongoing, Alabama departs
- China carriers face ship-buying pressure
- 3 airlines to pay $214 million for price fixing
- AA extends heavyweight product to Europe
- Swiss adjusts Europe, international services
- Executives: short-haul intermodal gains ground
- Major ports share $219 million in security grants
- Corps of Engineers: No threat from Delaware dredging
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| APRIL 9, 2009 |
- Pirates hold Maersk captain hostage
The crew of the U.S. flagged container carrier Maersk Alabama has re-taken control of their vessel, according to Maersk Line Limited. "The armed hijackers who boarded this ship earlier
- Eitzen cancellations reach eleven vessels
Camillo Eitzen & Co has cancelled six 2,500 cbm gas tankers ordered from Sasaki Shipbuilding in Japan. The move follows the cancellation by Eitzen Chemicals of five 12,000 DWT chemical carriers
- Korean shipyard refuses to deliver newbuildings
Hanjin Heavy Industries is refusing to deliver three 6,500 TEU container carriers to IRISL, Iran's largest shipowner. The vessels are completed and are at anchor awaiting a solution. The shipyard
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| APRIL 9, 2009 |
- Europe: Prices push higher in late rally
ARA market reacts to bullish crude on eve of Easter break.
- Throughput down in Rotterdam
But throughput of mineral oils bucked the trend.
- CMA CGM profit hit by bunker hedges
2008 profit slump 87%, major cost cuts planned for 2009.
- Asia: Busan, Tokyo prices at five-month high
Singapore and Hong Kong market rebound.
- Singapore corruption case adjourned to April 30
Chevron employee was working with the oil major at the time of alleged offenses.
- Singapore residual fuel stocks at five-week low
Stocks fell due to lower arbitrage inflows from Europe.
- Catalytic cracker down at Singapore refinery
More fuel oil could be entering the market, traders say.
- Bunkerworld adds more Indian ports
Bunker prices at two Gujarati ports are now available on the prices page.
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