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| AUGUST 5, 2010 |
Shipping News
- Baltic Dry Index posts first fall in 13 sessions
The Baltic Dry Index, a measure of commodity shipping costs, fell for the first time in 13 sessions on weaker demand to charter iron-ore carriers.
- Iran feels sanctions heat at UAE ports: sources
Ships carrying petroleum to Iran face greater scrutiny at ports in the United Arab Emirates as new Western sanctions bite, leaving the Islamic republic to seek alternative hubs, trade and shipping sources say.
- Al-Qaeda linked group claims attack on tanker
A group linked to Al-Qaeda claimed yesterday that a suicide bomber from its organisation was responsible for an attack on a Japanese supertanker last week in the Strait of Hormuz.
- Overseas Shipholding loss widens in Q2
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| AUGUST 5, 2010 |
- Canada Transpacific Stabilization Agreement reduces CAF
- Jiangxi's first export LCL service launched
- Khorgas near Kazakhstan border doubles trade value to US$152.6 million
- Cosco receives last of twelve 5,100-TEU ships
- GPA handles 10pc more boxes in fiscal 2010
- Expeditors Intl sees Q2 revenue rise 17pc
- NOL clinches innovation award
- Slow steaming, high rates equal lower, slower service to shippers
- Cathay back with positive interim results
- Airline shippers' launches in-house screening
- Europe's freight sector recovery is running out of steam
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| AUGUST 5, 2010 |
- HLV Fairplayer plays pivotal role
- Mercator posts 39 pc growth in Q1 net
- WCA Family switches focus on dynamic Africa
- Idling VLCCs now at record 93!
- 100 pc box scanning seen possible only in 2015
- More awaken to aroma of coffee
- CSL delivers PSV to Purple Fleet of US
- Govt wakes up to ports' capacity limitations, preparing contingency plans
- BPCL now offers bunker fuels at competitive rates
- MoS charting out consolidated, comprehensive Port Act
- Now, new maritime policy for decade being given shape-Mohandas
- User fee for fliers
- Planners ask Rlys to factor in cost overruns in new funding strategy for freight corridors
- New airport terminal at Mangalore opened
- Move to make tribals stakeholders in mining
- Bill passed to trim govt stake in SBI
- $222-m ADB aid to upgrade roads
- Directorate of Currency formed to curb circulation of fake notes
- Forex reserves swell by $ 1.03 bn
- Argentina's storage tech to be sought
- WTO chief to hold meet to assess progress of Doha Round
- Adani scales new peak with major coal deal Down Under
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| AUGUST 3, 2010 |
- Emons takes over Mauter Spedition KG
The German forwarding company Emons Spedition GmbH, based in Cologne, has acquired all the shares in Mauter Spedition KG, which is located in Neustadt-Glewe and Neubrandenburg (bot...
- US authorities settle civil complaint against Panalpina
The US authorities have settled a civil complaint against Panalpina Houston. The service provider had been named as a defendant in a qui tam civil complaint filed several...
- DSV on the right track in H1/2010
DSV A/S, a global transport and logistics service provider based in Br'ndby near Copenhagen (Denmark), has published its interim results for 2010. The consolidated turnover for the...
- Agility launches operations in Cambodia
The logistics service provider Agility has officially launched operations in Cambodia by opening an office in Phnom Penh. The move supports Agility's network growth strategy and fu...
- CMA CGM on the brink of obtaining fresh capital
CMA CGM, the highly indebted French shipping company, may be able to increase its capital through external investors in August. The search for new capital had been ordered by the 6...
- Peter Vogl joins M&M Militzer & M'nch's management board
The Swiss logistics company M&M Militzer & M'nch, based in St Gallen, reported that Peter Vogl bcame its new executive vice-president and a member of its on 1 August. Vogl ...
- Freight Co Ltd (Bangkok) names new regional sales manager
The Freight Co Ltd (Bangkok) reported that Harm Emaus became its regional sales manager ' key accounts, effective 1 August. Emaus is concentrating on project key accounts in Southe...
- Gulftainer opens multipurpose facility
The UAE-based port operator Gulftainer recently opened a multipurpose facility at berth 8 in the port of Umm Qasr (Iraq). The service provider welcomes new and present cu...
- Plane crashes in Alaska and Canada - update on LH Cargo crash
On 1 August, a Fairchild C-123K Provider cargo plane, operated by All West Freight, crashed on the southern flanks of Mount Healy, about 2 km from Denali National Park AK (USA). Th...
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| AUGUST 4, 2010 |
- Washington State postpones first sailing of new ferry
- Naval architect Jack Gilbert dies at 80
- INTERTANKO slams decision to release Bow Saga attackers
- Good news on Gulf spill
- WSDOT promotes Carpacci
- Terrorist group claims to have attacked M Star
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| AUGUST 4, 2010 |
- Port of Everett concerned about EA for Mukilteo Tank Farm
- Washington State Ferries names new Deputy Chief
- Coast Guard celebrating 220th birthday today
- Seattle Port Commissioners looking to capture tourism cash
- TSA reports airline industry meets cargo screening deadline
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| AUGUST 5, 2010 |
- Maruba's future in doubt
Gebab demands early return of two ships after stricken line fails to pay charter rates
- Striking a deal More details emerge on Maruba bailout
- Maruba begins bailout talks with government
- Maruba fights off creditors as group forced into emergency restructuring
- NITC seals favourable loans for VLCCs
Tanker giant obtained favourable funding from Chinese banks for 12 tankers ordered in...
- NITC orders LNG carriers from China
- VLCC rates slump to fresh 2010 lows
Some 75 tankers heading for Fujairah over next four weeks as tonnage oversupply hits...
- Rates rise, but earnings still under a cloud
- Singapore clearing facilities bring timely boost for box derivatives
Singapore Exchange follows June debut for LCH.Clearnet in London
- SGX begins box derivatives clearing service
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| AUGUST 4, 2010 |
- Terrorists claim VLCC attack
A TERRORIST group linked with Al Qaeda has reportedly released a statement saying it attacked the Mitsui OSK Lines VLCC M. Star last week
- Feared Senate bill stalled
A US SENATE bill that would have tripled shipping liabilities in US waters failed to gain enough votes to advance yesterday and will be shelved until at least the autumn
- Guilty plea in Tampa 'magic pipe'
A TURKISH seafarer has pleaded guilty to contravening US pollution laws and faces up to six years in prison
- Mundra reports 24% growth
MUNDRA Port & Special Economic Zone today reported 24% growth in the April-June quarter, compared with the previous year's period
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| AUGUST 4, 2010 |
- Washington Port Secures Funds for Rail Construction
- Indian Ports Move 14 Percent More Containers
- Ship's Engineer Pleads Guilty to Pollution
- T&T Bisso Appoints New President
- UP Launches Chicago-area Intermodal Terminal
- Port of LA to Buy Crane With EPA Grant
- TRAC Intermodal to Provide Short-Term Chassis Rentals
- Cargolux Adds Weekly Riyadh Flight
- Hapag-Lloyd to Launch Atlantic Express Shuttle
- Safmarine to Launch Far East-Africa Service
- Tropical Shipping Profit Soars 68 Percent
- DHL Hub Achieves Security Certification
- Lawmakers Demand Scanning Schedule
- Antitrust Settlement Undercuts Panalpina Profit
- Echo Global Logistics Volume Soars, Profit Spikes
- Trans-Pacific Spot Price Measure Jumps 8.2 Percent
- LA-Long Beach Terminals Extend Gate Hours
- YRC Regional Carriers Return to Profit
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| AUGUST 4, 2010 |
- Marseilles Fos under pressure again
- Maersk denies 16,000TEU leviathan talks
- A slow recovery for London
- German ports winning back Team Lines' business
- Antwerp boxes up 16% at H1
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| AUGUST 4, 2010 |
- Eagle soars in the second
Sophocles Zoullas-led bulker owner trumps Wall Street estimates as revenue climbs 24%.
- Alterna hunts 'perfect deal'
Brokers race for a bite of $150m treasure chest as private equity player prepares to pull S&P trigger.
- Bow Saga seven sail home
Suspected pirates to be set free just twenty-four hours after launching violent attack on tanker.
- Cecon insider slices stake
Director dumps 100,000 shares in troubled offshore outfit while top brass continues to court Norwegian financier.
- Ship smash leaves 12 missing
One ship said to have sunk after collision off Indonesia with 11 crew members rescued.
- Adani readying bulker splash
Indian group eyes $1.5bn bulker binge as part of a wider $30bn spending plan.
- Courage bulker hits the breakers
Hsu Chih Chien-led bulker owner banks $500,0000 as it sheds over the hill handy.
- Cosco Dalian grabs bulker duo
Cosco yard gets order for "over $70m" from unnamed Hong Kong owner for post-panamax pair.
- Flinter strikes deal with banks
Dutch owner's financial shake-up includes transferring 12 ships to management and affiliated shareholders.
- OSG tipped for full-year loss
Analysts forecast 2010 red ink for tanker owner after worse than expected second quarter.
- Cruiseship whale "already dead"
Post-mortem reveals humpback probably lifeless when Princess Sapphire hit it off Alaska.
- Crude to show its true colours
Evangelos Marinakis-backed company will find Wall Street a happier hunting ground after its second quarter results, analyst says.
- Do you want a tanker with that?
Knutsen ship comes within 10 feet of riverside restaurant in Michigan after losing power.
- Nyborg 'surprised' by orders
Pac Basin boss Klaus Nyborg does, however, see more value in newbuildings than second-hand units.
- Cash-rich Greek makes its move
Kritsas Shipping makes long-anticipated S&P play with $24m bulker buy, brokers say.
- DVB: 'Too soon to sound all clear'
Boss Wolfgang Driese says bank remains selective as large orderbook signals volatile times ahead.
- Terrorists claim M Star hit
Al-Qaeda-linked group says suicide mission on Japanese VLCC aimed at hurting global oil trade.
- Jewel suffers engine trouble
Royal Caribbean cruiseship skips Stockholm after hydraulic motor breaks down.
- Drydockings clobber Aboitiz
Scheduled ship maintenance pushes Philippines ferry owner to first half loss.
- Aberdeen enjoys busier Q2
Cargo volumes, passenger numbers and shipping traffic all rise at Scottish port in the second quarter.
- Vroon adds one more wind ship
Dutch owner's MPI Workboats declares option for wind farm support vessel at UK shipyard.
- Profit takes a dip at Daewoo
World's second largest shipbuilder sees its second quarter bottom line slump.
- China takes more tankers
Fixtures from West Africa to Chinese ports doubled during July, although it failed to lift rates.
- World Fuel profits rise
Bunker player sees strong second quarter as marine arm reports highest gross profits since early 2009.
- SILK seals Islamic funds
Malaysian holding company ties up $70m facility to part finance two anchor handler newbuildings
- SGX in first box swap
Singapore Exchange has cleared its first container swap trade since launching service on Monday.
- TAS Offshore weaker
Newly-listed Malaysian offshore vessel shipbuilder decline from previous quarter due to higher costs.
- Six hurt in ferry smash
Propeller tangle blamed after BC Ferries' Queen of Nanaimo hits dock at Mayne Island, Canada.
- Signal wins rig work
US driller Noble takes advantage of Gulf of Mexico drilling moratorium to upgrade semi-sub.
- Alam in barge venture
Offshore players Alam Maritim and Pacific Radiance team up in accommodation barge deal.
- CalMac under fire over breakdown
Scottish ferry owner takes the flak after Clansman out of action a day after returning from repair yard.
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| AUGUST 4, 2010 |
- Maersk denies violating Iran sanctions
- Cathay to buy 36 planes
- Hong Kong air cargo continues to boom
- Trucking group opposes pro-freight bill
- STB forms toxic by inhalation hazmat committee
- Tutuncu joins PB
- Shipco continues SeaAir service expansion
- FedEx forwarding arm opens three European offices
- SoCal truck congestion meeting yields progress
- Philadelphia receives Hyundai cars
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| AUGUST 4, 2010 |
- Uni Tankers sells the oldest unit to Russia
Uni Tankers, Middelfart, has sold their veteran tanker Arctic Swan to Russian Luk Oil. The tanker has been delivered and is now engaged in bunker operations in the Black Sea
- Greece implements extended dry-docking programme
The Greek flag state will implement Germanischer Lloyd's extended dry-docking programme. GL states in a press release that it "offers owners and operators the chance to extend the dry
- Spain fails in Prestige claim
The district court in New York has ruled in favour of the classification society ABS against Spain, which filed a USD 1 billion lawsuit against ABS for the disaster involving
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| AUGUST 4, 2010 |
- Stockpile report fails to dent oil's optimism
Prices firming as markets digesting today's numbers.
- Rotterdam sees rise in Asia-bound fuel oil cargoes
Fall in charter rates 'decisive factor'.
- Outage at Saudi refinery
Plant uses fuel oil as feedstock.
- Rotterdam IFO prices stable
Good demand and avails in Hamburg.
- Crude continues to defy gravity
But debate rages over whether economic recovery is meaningful.
- Prices lack direction in Fujairah
NYMEX showing slight gains in early trading.
- Vancouver honours cleanest shipping port users
Launches award in recognition of 'commitment to environmental stewardship' by participants in emission-reduction scheme.
- Judge dismisses $1 billion claim against ABS
Fuel oil spill: 'Owners must take ultimate responsibility for seaworthiness.'
- WFS posts 'strong results'
Marine fuel division sees its highest quarterly gross profit for more than a year.
- IFO prices continue to firm through mid-week
Low demand for bunker fuel at most major Asian ports.
- Bunker supplier to pay pirates $2 million
Previous figure of $20 million 'misquoted' by Arab-based newspaper.
- Bunkering operations resume in Dalian
Full services to resume by Friday.
- South Korea bunker volumes up 6.25% in August
Traders signal no need to import bunker fuel.
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