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| AUGUST 3, 2010 |
Shipping News
- Sri Lanka port invites investors
Sri Lanka on Sunday said it would invite outside investors into its US$1.5 billion Hambantota port project, the keystone of a US$6 billion post-war infrastructure revitalisation drive.
- Oil services firm OEG wins Seadrill deal
LOCAL oil services firm OEG Asia-Pacific PTE and its United Kingdom-based sister company - OEG Offshore (OEG) - have clinched a US$600,000 contract with offshore deepwater drilling heavyweight Seadrill.
- Supertanker glut climbs to a record
The number of supertankers competing to haul 2 million-barrel cargoes of Middle East crude oil climbed to a record, Imarex ASA said.
- Somali pirates seize Panamanian freighter
- Westports, OOCL launch direct service to Japan
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| AUGUST 3, 2010 |
- Shanghai trade value hits record high, up 39.5pc in first half
- Five 3,500-TEU ships to double Matson China-Long Beach service
- Maersk opens new Far East-West Africa loop August 12
- CMA CGM appoints new group CFO
- US port clean truck bill debuts - viewed as threat to small business
- Samudera returns to profit, expand intra-Asia feeders
- US prosecutors move to withdraw Agility fraud charges
- Marseilles Fos port first half volume up 17pc to 510,819 TEU
- Lufthansa suffers first-half loss, despite record cargo profit
- Northwest to pay US$38 million fine for cargo price fixing
- Twin-engine prop C-123 crashes, bursts into flame in Alaska
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| JULY 30, 2010 |
- Agility: US authorities to partially drop charges
The United States Attorney's Office is apparently going to dismiss the indictment against Agility Defense & Government Services Holdings (Agility DGS Holdings), a subsidiary of...
- Norbert Dentressangle: better results and new contract
The French transport and logistics group Norbert Dentressangle closed the first half of 2010 with a 3.9% increase in sales, taking them to EUR 1.4 billion. The group's transport di...
- Hellmann Healthcare Logistics with new packaging solution
Hellmann Healthcare Logistics, the new vertical solution of the Germany-based forwarder and logistics company Hellmann Worldwide Logistics, has teamed up with temperature-controlle...
- CMA CGM Group names new CFO
The French shipping group CMA CGM has appointed Olivier Dubois as its chief financial officer. He replaces Jean-Yves Schapiro who is taking on new challenges outside the shipping i...
- Charleston deepening scheme advances in US House
A key US House committee recently agreed to speed up the studies of a harbour deepening scheme at the port of Charleston. The South Carolina State Ports Authority (SCSPA) would lik...
- PD Ports welcomes JDR Cable Systems' expansion
The British port operator PD Ports has welcomed the decision by a major supplier to the offshore energy sector to more than double its facility at Hartlepool dock (UK). JDR Cable S...
- NOL wins IDC enterprise innovation award
The NOL Group, a global container transport and logistics provider based in Singapore, recently won the IDC Asia Pacific's Enterprise Innovation award. The award recognizes Asia's ...
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| AUGUST 2, 2010 |
- Another $17 million for DDG 1000
- Oman Drydock Company on track for March 2011 opening
- STX France to build sand dredge at Brittany yard
- Flex LNG signs MOU with SAIPEM
- LISCR names new London office GM
- Keppel ups stake in Subic Bay shipyard
- Pirates seize ship in "safe" corridor
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| AUGUST 2, 2010 |
- Oregon, Washington governors receive final report on new bridge
- Port Metro Vancouver sees tonnage increase at mid-year
- DHL bests TSA deadline for cargo screening
- Test show new Washington ferry has excessive driveline vibration
- Alaska Airlines bringing Honolulu flights to Bellingham
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| AUGUST 2, 2010 |
- Maersk in giant boxship order talks
Broker says line has asked yards to tender for 10 ships of 16,000 teu
- Why lines are prepared to order new ships and leave others idle
- How to build a box giant in the middle of a crisis
- Box line angels follow the fools' order rush
- Albert Frere mulls stake in CMA CGM
Line's bankers greet news of $500m investment with a mixture of surprise and...
- Qatar still favourite to bail out CMA CGM
- Cido sells pair of panamax newbuilds for $45m each
Latest disposals from Asian shipowner were scheduled for delivery in September and...
- China Qinfa inks bulker pair at Guangzhou...
- Bangladesh breakers suffer court setback over ban on beaching
Rates expeted to soften while Chittagong must put scrapping on hold until October
- Busy Bangladeshi breakers face court's safety...
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| AUGUST 2, 2010 |
- VLCC boat bomb suspected
EXPLOSIVES inspectors are nearing consensus that a VLCC was damaged last week by a small boat blowing up near the hull, a US intelligence source told Fairplay today
- Operators fined for polluting
TWO SHIP operators have received fines totalling nearly $3M for pollution in the US
- Spanish port hails new law
SPAIN'S new port law is a "milestone" because it offers transhipment fee options that can result in cost cuts of up to 60%, AP Møller Maersk's Algeciras boss told Fairplay today
- Cosco Corp sees 85% rise
SINGAPORE-listed Cosco Corp has reportedly increased profits for the three months to 30 June by almost 85% year on year
- Adani to import SA coal
ADANI Enterprises reportedly plans to import 400,000 tonnes of coal this year from South Africa
- Maersk reacts to fire with ban
MAERSK Line told Fairplay today it has temporarily stopped accepting containers of calcium hypochlorite loaded from mainland China and Hong Kong
- Saudi Arabia approves ransom
OWNERS of a tanker seized by pirates in March have secured a ransom approval from the Saudi central bank for release of the ship and its 14-man crew, IHS Global Insight reported today
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| AUGUST 2, 2010 |
- USPS Names Vogel to Lead Shipping Service
- Diesel Prices Climb for Second Week
- Panama, Gulfport Sign Trade Development Pact
- West Coast Container Volume Jumps 15 Percent
- Freight Index Falls 8.6 Percent
- Trucking Association Opposes FREIGHT Act
- House Bill Calls for National Freight Policy
- TNT to Split Mail, Express Units
- US Manufacturing Growth Slowed in July
- Chinese Manufacturing Index Slows
- Celadon Full-Year Profit Soars 83 Percent
- Savannah Containers Hit Pre-Recession Level
- Expeditors Profit Soars to Record $90 Million
- Nippon Express Lost $24 Million
- India Averts Truck Strike
- Seacastle Changes Name to TRAC Intermodal
- Rail's Split Personality
- Swifter Change
- Warehousing Builds Buffer Zone
- Swift Rolls on Wall Street
- Capacity Bunch
- Montreal Back to Work
- North Carolina's Terminus Interruptus
- CREATE-ing Export Hopes
- Senate Bill Seeks 100 Percent Solution
- Putting Freight in Federal Policy
- Finding Pricing's Peak
- Letters - August 2nd Edition
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| AUGUST 2, 2010 |
- Hapag-Lloyd to start transatlantic shuttle
- Pirates seize ship from naval force corridor
- South African trade back in the black
- Liner turnaround at SCI
- Box surge at Saudi Arabia ports in H1 10
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| AUGUST 2, 2010 |
- Pride seals $720m credit pact
Louis Raspino-led drilling giant inks amended credit facility complete with $30m 'accordion'.
- Cecon bondholders hit 'snooze' button
Patrons grant eleventh grace period extension as Norwegian offshore outfit fights to stay afloat.
- Seadrill seals $90m drill gig
John Fredriksen-led offshore outfit inks 'Herculean' drilling deal while CEO calls rate 'competitive'.
- Greek pleads guilty in US
Transmar fined and chief engineer could face jail after 'magic pipe' case on New Fortune.
- Seaboard springs roro run
US liner giant elects roro pair to jump-start 'fastest' South American shipping service.
- Navy defends M Star work
Hull inspection of damaged MOL tanker handed to US Navy as "it has right equipment and expertise".
- Seaman saved in Gulf of Aden
Spanish warship's helicopter swoops to pick up crewman of German boxship in serious condition.
- Lorient lands dredger deal
STX Europe's French yard signs first newbuilding contract since 2008.
- Saudi denies $20m ransom claim
Owner of hijacked Al Nisr Al Saudi says ransom of under $2m agreed with pirates but awaits government approval.
- BP keeps hold of VLCC pair
Oil major's shipping wing renews contracts for two Independent Tankers' ships.
- Keppel splashes out to up Subic stake
Singapore-listed Keppel Corp pays out over $60m to raise its holding in Filipino shipyard and a property company.
- Koreans eye Salalah terminal
STX, Daewoo and Hyundai all said to be interested in bidding for new terminal at Omani port.
- Rio digs up African funds
Mining heavyweight Rio Tinto secures $170m for port and rail development at African iron ore project.
- Beisland is new Uglands boss
Bulker chief Oystein Beisland takes over from the retiring Hans Ivar Vigen as managing director of Uglands Rederi.
- Atlantska erases red ink
Croatian bulker owner powers to first half profit as revenues rise, costs fall.
- Saudi ports increase volumes
Cargo handling rises 7% in first half at Jeddah and Dammam.
- Egyptian ship hijacked
Owner Red Sea Navigation hit for a second time as multi-purpose vessel Suez taken in Gulf of Aden.
- Cosco cautious after Q2 cruise
Singapore-listed yard is not getting too excited about its future prospects despite a surge in second quarter profit.
- Lisin keeps order close to home
Russian tycoon's North-Western Shipping building 10 dry cargoships at its own Nevsky Shipyard.
- Brazilian millions for Acergy
Offshore shipowner clinches pipe-laying contract from Petrobras worth $220m.
- VLCC supply at record high
Derivatives broker Imarex says 93 tankers chasing Persian Gulf cargoes over next four weeks.
- Neste's tankers earn more
Finnish owner says crude rates jumped in second quarter as demand improved.
- Mega-deal to spur Dof order
Norwegian owner to pen AHTS brace at STX in Brazil after netting mammoth charter pact with Petrobras.
- Offshore double for Daewoo
South Korean yard nets $2.2bn worth of offshore orders to continue its recent good run.
- Shaky start for WSF ferry
New $77m ship gives US owner bad vibrations in sea trials.
- Mining makes Mercator a mint
Coal activities send numbers soaring at Indian owner in first quarter but tankers still hurting.
- WIS wins in first quarter
India's largest shiprepair yard turns around last year's losses as revenue soars.
- BWO nets $150m from Batista
Oslo-listed FPSO owner secures contract with Eike Batista's OSX Brasil.
- IHI gets off to fast start
Japanese shipbuilder's first quarter profit surges, but full-year forecast down on previous 12 months.
- Matson in China growth
Port of Long Beach set to see increased volumes as US liner operator adds second China US string.
- Silja Line ferry hit by fire
Crew react quickly to extinguish blaze that started on car deck off Finland.
- German at fault for tragedy
Rickmers heavy cargo ship held to be 70% at fault for Yellow Sea collision that killed 13 seafarers.
- India in demo overdrive
Frantic week of buying with Indian cash buyers taking seven ships, but TMT cape goes to Pakistan.
- Costs clobber SSC in the first
Ow Chio Kiat-led Singapore Shipping Corp has seen year-on-year profits slip by two-thirds.
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| AUGUST 2, 2010 |
- Maersk expands chassis program in Southeast
- SCI, MSC to start Med service
- Bulk carrier attacked by pirates
- Northwest hit with $38 million fine
- British Airways upgrades to 747-8 freighter
- UPS expands into Oregon facility
- WRDA bill neglects inland waterways
- Seacastle revives TRAC name
- Plane crash closes Alaska Railroad section
- Mass., N.H. lobstermen seek trade help
- Agility opens Cambodia office
- McAleenan rejoins CBP in Field Operations
- Panalpina pays $375,000 fine
- DHL adds Shenzhen to Aarhus, Helsinki LCL links
- New shortlist for Nhava Sheva box terminal
- Charleston dredge study advanced
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| AUGUST 2, 2010 |
- DFDS re-brands the whole fleet
Following the acquisition of Norfolkline the DFDS Group has decided to re-brand the whole fleet. All seaborne traffic will sail under the brand DFDS Seaways in the future. Subsidiary Read more
- Maersk Line bans agent
Maersk Line has issued a ban on the disinfection agent Calcium Hypochlorite after the dramatic fire on board the container carrier Charlotte M'rsk off the coast of Malaysia in July
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| AUGUST 2, 2010 |
- Prices firm strongly in Rotterdam
NYMEX gains more than $2 in early trading.
- Markets start the week firm
Tight barge schedules for prompt deliveries
- Exclusive: Maersk gives details of Houston low-sulphur fuel switch initiative
Expecting about 95% reduction in SOx emissions, will use Bunkerworld data to calculate cost of switch from regular bunker fuel to distillate.
- Brightoil acquires two more tankers
Vessels will support its bunkering and oil products trading operations.
- Maersk says ship fire was in generator
Container line says fire on vessel was in an auxiliary generator, not a lubricants container.
- Bunker tanker ransom approved by Saudi Central bank
Interior Ministry must still give permission for ransom to be paid.
- New trader appointed at O.W. Bunker in South Korea
Company aims to continue growth and expansion within Asia.
- Prices generally up to start the week
Plentiful bunker supply at all key Asian ports.
- Hambantota bunker sector closed to outside investors
Sri Lanka Ports Authority chairman says: 'We will handle oil bunkering. We don't want to give it outside.'
- BP ex-staff contest search order
Application against seizure of computers, mobile phones and data by oil major.
- Price differential between Tokyo Bay and Singapore may narrow
Japanese bunker suppliers trying to clear current stocks.
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