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| MARCH 4, 2010 |
Shipping News
- Brazil's OSX planning 9.9b reais IPO
OSX, the Brazilian shipbuilder owned by billionaire Eike Batista, plans to raise up to 9.92 billion reais (S$7.7 billion) in what could become the nation's largest initial public offering this year.
- Academy set up to offer professional shipper courses
THE Singapore National Shippers' Council (SNSC) yesterday launched the Singapore Shippers' Academy to offer professional courses to local and regional shippers and train at least 1,000 people from the industry within three years.
- Macquarie plans Miclyn IPO to raise up to A$365m
Australia's largest investment bank, Macquarie Group, is looking to float oil and gas services firm Miclyn Express Offshore in an initial public offering that could raise up to A$365 million (S$461.2 million).
- India fuel exports rise on shipments to US, Japan
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| MARCH 4, 2010 |
- Asia-US container volumes slide 15.3pc in 2009
- APL box volume up 63pc Dec-Feb, after 7pc fall in 2009
- Fujian's January trade value increases 37.8pc
- New Asian Express service to run between Hong Kong and Haiphong
- Horizon Lines to start west coast-Guam/Asia service
- Sharjah Container Terminal adds Yangming feeder service
- India's January cargo volumes rise 13pc, boxes up 31pc
- Kuehne + Nagel to handle Fujifilm logistics in Poland
- Shenzhen Airlines to start Fuzhou-Japan flights in April
- Dachser to scrap Future Group marketing cooperation
- Maersk's Damco appoints Remo Eigenmann head of air freight
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| MARCH 4, 2010 |
- Caravel Logistics launches 1st own cellular container vessel
- Eredene Infrastructure showcases pan-India logistics network & facilities
- Chilli, cardamom & ginger add zing to spices export basket
- PM opens doors to Saudi investments
- New Major Port to come up at Sagar Island
- Mormugao Port breezes past 2008-09's cargo handling figure
- ACHAA & Customs start CHALR training programme
- Cold storage gets infra tag to avail of ECBs
- 3 pc service tax proposed on rail freight
- Budget: 2010-11 expenditure up by 8.6 pc
- Exports post 11.5 pc growth in Jan.
- ADB sanctions Rs 1,380 cr. loan for MSMEs to grow
- Fieo chief pleads for extension of interest subvention to labour-intensive sectors
- IMC sees plenty of room for cheer in Budget
- KMA celebrates 4th Management Day
- India, Bangla hold conclave for trade boost
- Revenue Secy to talk on Budget today
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| MARCH 2, 2010 |
- K Line announces delivery of the "Vijayanagar"
The Tokyo-based shipping company K Line has announced the delivery of the "Vijayanagar," a 82,000 dwt bulk carrier, built at the Tsuneishi Holdings Corporation'...
- Gottwald: another crane for Lebanon and follow-up order from Qatar
Gottwald Port Technology GmbH (Gottwald) is strengthening its position in the Middle East as it has received a further crane order from Lebanon and a follow-up order from Qatar. Be...
- Scandlines complains about cartel decision on "Vogelfluglinie"
The German-Danish shipping company Scandlines is preparing an official complaint against the German cartel office for its decision to allow competitors on the "Vogelfluglinie"...
- SCA: new feeder service between northern Sweden and port of Hamburg
The Swedish manufacturer of paper and wood products Svenska Cellulosa Aktiebolaget (SCA) and its transport and logistics division SCA Transforest launched a liner service...
- Sloman Neptun Bremen: new Italy-Algeria liner service
Sloman Neptun Shipping & Transport GmbH, one of the leading European shipping lines in the trade between Northern Europe and North Africa, is opening a new regular shipping lin...
- Toll Group reports less profit and revenue in HY 2009/10
Australia-based Toll Holdings, one of Asia's leading transport and logistics providers, has reported its half year 2009/10 results. The group recorded an operating profit (ebit), b...
- Nippon Express enhances logistics services in Brazil
Nippon Express do Brasil (NE Brazil), a local subsidiary of Nippon Express Co Ltd, concluded a basic business collaboration agreement with Aurora Terminais e Servicos, a general wa...
- TDG takes over RRS Logistics in Hungary
The British logistics service provider TDG is continuing its Eastern European expansion by acquiring the Hungarian service provider RRS Logistics. Through the takeover TDG is ...
- JAL and NYK end cargo business reform and merger negotiations
The JAL Group recently ended negotiations with Nippon Yusen Kabushiki Kaisha (NYK) about a cargo business reform. The talks concerned a possible merger between Japan Airlines Inter...
- DB Schenker Rail tests new transport box for automotive shipments
DB Schenker Rail's automotive division has presented a new box to transport automobile parts for the German car manufacturer Volkswagen. The receptacle, known as the auto...
- DB Schenker Rail: Niederhofer new chairman of central region production company
The supervisory board of DB Schenker Rail Deutschland selected Otto G. Niederhofer as a member of its management board, with effect from 1 March. Niederhofer will shoulder responsi...
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| MARCH 3, 2010 |
- Shipbuilders testify on Navy 30-year plan
- INTERTANKO protests Trieste sulfur rule
- Fatality prompts safety alert
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| MARCH 3, 2010 |
- Port of Seattle now using new prefix across the board
- Mitsui LNG carriers net long-term charters
- Diana Shipping takes delivery of new Capesize dry bulk carrier
- Carriers plan to begin joint Asia to South America run
- Evergreen changing face of management team
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| MARCH 3, 2010 |
- State support preventing box sector consolidation
Intervention to stop major lines from collapsing could prove to be counter-productive in the long-run
- Two dead after waves batter Louis vessel
Two passengers killed and six others injured after eight-metre high waves strike Louis Majesty
- Brussels to probe alleged Margaret Hill waste breach
EC has asked UK for details of ship's final destination and fate amid reports it is to be dismantled
- Trieste takes tough line on low-sulphur fuel
Non-compliant ships face €15,000'€150,000 fine
- DHT shareholder slams zero dividend policy
MMI Investments calls for company to reinstate quarterly dividend and attacks rash spending of capital
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| MARCH 3, 2010 |
- Chittagong breakers reopen
BREAKING yards reopened today in Chittagong after talks between their owners and Bangladesh's government aimed at ending a 10-day lockout of about 30,000 workers
- Isle of Man to charge fee
THE ISLE of Man ship registry has announced that it will begin charging an annual registration fee for the first time in its 25-year history
- UK wage exemption in limbo
PROPOSED amendments aimed at exempting shipping from the UK's Equality Bill have been withdrawn in the House of Lords, Fairplay was told today
- DHT shareholder rebels
A LETTER from MMI Investments, which owns 8.9% of DHT Maritime's stock, today demanded immediate reinstatement for DHT's dividend and the appointment a new board member
- Quake currents stop traffic
STRONG currents created by the tsunami that followed last week's 8.8-magnitude earthquake in central Chile caused vessel delays in southern California
- OSX Brasil unveils $5.5Bn IPO
OSX BRASIL plans to raise up to 9.92Bn reais ($5.53Bn) in what will reportedly be one of Brazil's largest-ever IPOs
- Eagle eyes spot plays
EAGLE Bulk, traditionally an all-time charter owner, confirmed today that it is pursuing significantly more exposure to the spot market
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| MARCH 3, 2010 |
- Boxer Urges House to Pass Jobs Bill
- After Sharp Fall, NAFTA Surface Trade Rises
- East, West Coasts Achieve Competitive Balance
- Chile Port Capacity Restored
- Overseas Shipholding Group Profit Sinks in 2009
- OOCL Hikes Documentation Fees
- ODFL Expands Warehousing Business
- S&P Rates CSX Debt BBB
- Global Air Freight Grew Steadily in January
- Heavy Truck Sales Rise in February
- John T. Mentzer, Logistics Educator, Dead at 58
- Bulk Traffic Surges at Indiana Ports
- Landstar Volume Jumps 17 Percent
- CMA CGM to Hike U.S.-Asia Rates
- Finnish Stevedores to Join Trucker Strike
- Evergreen Announces Executive Changes
- U.S. Coast Guard Halts Ambassador Bridge Project
- India Cuts Mumbai Terminal Rates
- Fraport Profit Falls 20 Percent in 2009
- CEVA Logistics Revenue, Earnings Fall in 2009
- Senate Revives Transport Programs as Bunning Relents
- NY-NJ Port to Release Clean-Truck Plan
- Chile Quake Triggers Tsunami
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| MARCH 3, 2010 |
- Soothing troubled waters
- Carriers 'lost USD15 billion' on the transpacific
- Somali pirates strike yet again
- Shippers up in arms at TPM
- Maersk seeks long term contracts
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| MARCH 3, 2010 |
- Cheaper, later
d'Amico International cuts $10m from price of MR pair at Hyundai Mipo as ships are delayed and size increased.
- Chemoil crashes
Singapore-based bunker supplier sees fourth quarter profits down by over 75% year-on-year.
- Brawl on the Wall
DHT's largest shareholder MMI lashes management and board over axed dividends and 'opaque' strategy.
- A broker in days?
If you're still working on making your first million the sale and purchase market offers easy money!
- Freak waves kill 2
Passengers dead and injured after Louis Cruises vessel lashed by huge waves in Mediterranean.
- Chevron preps axe
Chevron may cancel the bareboat charter of a VLCC owned by Frontline offshoot Independent Tankers Corp.
- Fight continues
Greek shipping interests are seeking arbitration over a $3.9m dispute with a Mexican charterer.
- Saudi ship seized
Authorities kept in dark for two days as Somali pirates hijack tanker Al Nisr Al Saudi with Greek master in Gulf of Aden.
- Greek ship evades
Lotus Shipping tanker comes under attack by pirates in same area where Greek bulker hit a week ago.
- DK goes retro
Ship technology group introduces retro-fitting of fuel reduction kit as former UASC boss Sorensen takes reins.
- Cargoship held
Indian high court orders arrest of Ukraine-owned Lady Alla over unpaid crew wages.
- Engine octet
Wartsila wins order to supply eight two-stroke units for panamax newbuildings at Rongsheng in China.
- Cape fixed
John Fredriksen's Golden Ocean confirms four-year charter for Jinhaiwan capesize newbuilding.
- MOL fixes six
Japanese owner signs long-term charters for up to six LNG carriers including four new ships.
- Fixtures fest
Norway's Farstad Shipping inks fresh charters and extensions worth over $100m.
- Eagle sent diving
Full-year profit down at Sophocles Zoullas-led Eagle Bulk as costs increase on anti-piracy measures and finance expenses.
- Miclyn in IPO
Second time lucky for Singapore-based offshore owner as it plans to go public with $330m float in Australia.
- Japan jumps
JSEA member yards have seen export newbuilding orders go up 50% year-on-year in tonnage terms.
- Maersk axes slots
Maersk Line ending six-year slot charter of Horizon Lines ships in Pacific but hints at replacement.
- Back home
Fifteen Russian crew from arrested Eastwind reefer repatriated from China.
- Kuwait covets
Gulf investors could bid for longstanding Turkish cruiseship port project in Istanbul.
- Swedish smash
Finnish ro-ro and Greek bulker damaged in collision off Oxelosund.
- Volumes leap
NOL reports a hefty increase in the number of containers handled, but rates remain weak.
- Turkish delight
Tuzla's Istanbul Shipyard bags five-ship order from Romania's border police.
- Talks back on
Greek government negotiating defence order with new owner of Hellenic Shipyards, Abu Dhabi Mar.
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| MARCH 3, 2010 |
- CMA CGM hikes U.S. export rates
- Global Ship Lease turns profit
- Maersk weighs transpacific space options
- DHL invests in Hong Kong facility
- DOT funding spigot turned back on
- DOT funding cutoff left states in turmoil
- DB Schenker Rail tests auto box
- State control over LNG sites sought
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| MARCH 3, 2010 |
- INTERTANKO reacts to Trieste 0.1% sulphur stance
Port says it will accept no exemptions to 0.1% sulphur limit and impose fines.
- Strong gains in Rotterdam
Bunker demand in Rotterdam 'quite low' players report.
- Mid-week prices firm in Fujairah
While Durban prices fall.
- Horizon to launch 'quick' liner service
Company sees opportunity to offer alternative to slow steaming as market rebounds.
- Gibraltar aims to end floating storage
Chief Minister says 50-year old tank farm could be re-activated.
- Middle East takes another fuel oil cargo
Middle East still 'ravenous for fuel oil while East Asia is brim-full'.
- Bunker prices seesaw
Crude oil futures volatile for the past seven days.
- Incoming port operator urged to drop fee
Planned 5% fee on bunkering services will harm Manila's marine fuel market.
- Sinobunker to launch Guangzhou, Dalian operations
Bonded supply business to start in Guangzhou this month; eyes Dalian operations in July.
- Specialised recruitment can help bunker firms expand rapidly
Some bigger players have used the downturn to their advantage and 'acquired entire teams' to boost market share.
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