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| MARCH 8, 2010 |
Shipping News
- Keppel unit signs MOU with Norwegian marine research body
KEPPEL Offshore & Marine Technology Centre (KOMtech) and the Norwegian Marine Technology Research Institute (Marintek) signed a memorandum of understanding (MOU) on Saturday to collaborate on the development of technologies and training opportunities.
- EU force tracking hijacked Norwegian tanker
The European Union's (EU) anti-piracy mission said on Saturday it was tracking a hijacked chemical tanker off east Africa as Turkey and France announced the capture of 29 suspected pirates.
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| MARCH 8, 2010 |
- Mainland shippers groups seek 'unreasonable' fees probe
- CMA CGM ups north Europe-Far East rate US$150/TEU April 1
- CKYH's 'K' Line and New World's MOL join Asia-west coast loops
- MOL to start intra-Asia Chennai SMX service March 23
- Global Ship Lease quarterly profit US$12 million on 52pc more sales
- Correction: Maersk loss mistaken for AP Moller group loss
- ICTSI profit off 11pc, Asia provides growth in 2009
- MISC Berhard Asia-Europe container losses cut profit
- Talks this week on disposal of empties in Melbourne
- Hamburg Sud examines port situation in Chile
- China's air cargo volume surges 68pc in January
- Lufthansa Cargo security chief seeks global uniform standards
- Korean Air Lines denies Australian price-fixing charge
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| MARCH 8, 2010 |
- SAL & Sai Maritime do it once again!
- MOL to launch service ex-Chennai with BTL & RCL from March 23
- NYK's wing acquires 26 pc stake in TMILL
- Australia talks of trade expansion, JVs in oil-gas hunt & mining
- Nafed revokes onion MEP revision within hours
- With granary overflowing, govt to consider rice, wheat exports this week
- Hurdles may persist even as India, EU want FTA talks to end by Oct.
- GMB bags Maritime Initiative Award
- Vizag Port bests another record
- With RTGs immobile, export boxes pile up at Haldia
- CONCOR presents Rs 49.2-cr. dividend cheque to Railway Minister
- Services sector grows fastest in February
- Sharma to lobby for extension of tax holiday for EOUs & STPIs
- Direct taxes account for half of Exchequer's kitty!
- Infrastructure fund gets CCEA nod
- Capt. Ravichander, VCT COO, joins cii-Vizag unit as new Chairman
- Weavers' loans may be waived
- Obama sees 'new level of influence'
- ACAAI Ahmedabad parties & networks with stakeholders
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| MARCH 4, 2010 |
- Hans Hickler new Asia-Pacific CEO for Agility
Agility appointed Hans Hickler CEO for the Asia-Pacific region on 2 March. Wolfgang Hollermann, the previous CEO, became advisor to Essa Al-Saleh, the president and CEO of Global I...
- Gary So new Menlo managing director for North Asia
Menlo Worldwide Logistics is sharpening its focus on the Chinese market and to this end has named veteran industry executive Gary So as its new managing director for North Asia, in...
- Hamburg Süd able to operate normally in Chile
The ports Hamburg Süd serves in the north of Chile, that is Iquique, Antofagasta and Port Angamos, are fully operational. In Valparaiso the container terminal used by Hamburg Süd i...
- New World Alliance revamps transpacific service
APL, HMM and MOL, the members of The New World Alliance (TNWA), are planning to revamp the Pacific Southwest Express (PSX) service. TNWA will add one ship to the PSX route on 15 Ma...
- A.P. Moller-Maersk reports loss
The Danish shipping corporation A.P. Moller-Maersk made a USD 1 billion loss in 2009. One of the main causes lies in the fact that the group was significantly affected by the globa...
- Toll rises on Polish motorway A2
Autostrada Wielkopolska, a Polish motorway operator, increased the toll for small trucks on the A2 on 1 March. Two-axle vehicles without twin tyres will now pay PLN 12 (about EUR 3...
- Rhenus Tetrans strengthens Canary Islands activities
The Spanish enterprise Rhenus Tetrans, which is part of the international Rhenus group, has strengthened its presence on the Canary Islands by opening a new logistics centre in San...
- Kuehne Logistics University founded
The Kuehne School of Logistics and Management, which is wholly owned by the Kuehne Foundation, has founded an independent private scientific university for logistics and management...
- Global Logistics Experts expanding apace
Global Logistics Experts, a platform for logistics consulting companies and individuals, has been expanding its membership in the last twelve months, with the following new members...
- Gist acquires G&S International
The UK logistics provider Gist has taken over the Scottish temperature-controlled distribution operator G&S International. G&S International, which is an important transpor...
- Port of Tanjung Pelepas reports growth in 2009
The port of Tanjung Pelepas closed 2009 with a container throughput of 6 million teu, which was 7.5% more than 2008. The growth was achieved against a backdrop of shipping lines an...
- Baltic Container Conference, Gdansk, 9-10 March
The fourth edition of the Baltic Container Conference is being held in Gdansk (Poland) on 9 and 10 March. The event's key topic is "Interrelations and multidimensional signifi...
- United Airlines schedules first nonstop service to Africa
Chicago-based United Airlines has scheduled its first nonstop service to Africa, with a daily service linking Washington DC with Accra, the capital of Ghana, from 20 June.
- BAWC reports strong February
British Airways World Cargo (BAWC), the freight division of British Airways, recorded a strong increase in freight business in February. The carrier increased its traffic performan...
- Jet Airways appoints GSA in South Africa
The Indian airline Jet Airways has appointed Africa Airline Services as its GSA in South Africa. Jet Airways is launching a daily nonstop service between Johannesburg (South Africa...
- IRU allocates funds to UN road safety efforts
The International Road Transport Union (IRU) has committed USD 2 million to improve commercial road transport safety, in support of the UN's road safety action decade. The IRU stat...
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| MARCH 5, 2010 |
- $12.7 million contract for Atlantic Marine Philadelphia
- RiverHawk awarded $70 million FMS contract
- Senate move to promote offshore wind
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| MARCH 5, 2010 |
- MOL joining K Line in new USWC services
- US rail freight traffic count sees improvement during week
- California Maritime Academy offering small arms training
- Corps announces closure of Columbia River locks
- Trade between NAFTA partners up during month of December
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| MARCH 5, 2010 |
- Shippers raise questions over box line collusion
Shipper bodies voice concerns amid rising freight rates and capacity reductions
- Box lines call for flexibility on EU consortia rules
- Exporters turn their backs on prime carriers
A US-based multinational is understood to be re-tendering globally its ocean freight contracts
- UK coastguards to launch two-day strike
Contingency arrangements in place to ensure emergency services are carried out
- Seanergy sees little distress as it hunts for bulkers
Dry bulk owner actively hunting for tonnage
- China iron ore imports set to hit 1.3bn tonnes mark
Peak will create demand for additional 584 capesize bulkers before 2020
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| MARCH 5, 2010 |
- 11 pirate suspects detained
EU NAVFOR today detained 11 suspected pirates and destroyed two of their vessels in the southern Indian Ocean
- Beluga's profits plummet
GERMAN project carrier Beluga's operating profits reportedly plunged last year to €20M ($21.18M), from 2008's €70M, as the recession hit the heavy-lift and general cargo markets
- Tanker hijacked in Indian Ocean
A MARSHALL Islands-flagged product tanker has been hijacked in the Indian Ocean, a security source has told Fairplay
- China plans berth for VLOCs
CHINESE terminal operator Zhanjiang Port Group reportedly plans to build a berth that can handle ore ships of up to 400,000dwt in Guangdong province
- NCL poised for price rise
NCL IS the second North American cruise brand to announce a price rise as a result of stronger bookings than expected since the beginning of the year
- UM chief backs sea motorways
THE UNION for the Mediterranean's first general-secretary began his three-year term today by promoting the EU's sea motorways scheme
- Vinashin faces May inspection
VIETNAM'S government has reportedly revitalised plans to investigate shipbuilder Vinashin
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| MARCH 5, 2010 |
- Freight Powers Up at Top U.S. Rails
- Deutsche Bahn AG is National Sponsor of the 2011 FIFA Women's World Cup
- Styrk to Head Seattle Seaport Division
- Transport Jobs Shrink in February
- Retailer Big Lots Says Freight Rates Pressing Margins
- Recovering Chilean Ports Handle Fruit Exports
- CMA CGM Hikes North Europe-Far East Rates
- MSC Hikes Rates from Asia to Europe
- Dynamex Revenue Rises to $98.4 Million
- Thune Decries Slow Going on Transportation Bill
- Ex-Rail Union Chief Pleads Guilty in Bribery Case
- MNG Adds First Converted 737-400 Freighter
- L-3 Wins TSA Cargo Screening Deal
- Lufthansa Tests Lightweight Containers
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| MARCH 5, 2010 |
- Building bridges over troubled waters?
Held within the shadow of the Port of Long Beach's 22% 2009 box downturn, and against the backcloth of the transpacific liners' nightmare cumulative USD15 billion loss-making 12-months, the JOC's 10th Transpacific Maritime Conference (TPM) this week degenerated into a war of words between shippers and carriers.
- K Line teams up with MOL on Japan/USWC in cost cutting initiative
- Maersk Line turns corner
- APMT still on a high
- Ocean carriers, ACT Amsterdam's 'only viable option'
- Andersen: 'industry driven to bankruptcy'
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| MARCH 5, 2010 |
- Four fall back
Supramax quartet at Cosco Zhoushan set for 2010 delivery are delayed by 18 months.
- Swiss spend
UBS tops up holding in Kristian Siem's Subsea 7 with $32m swoop.
- Chavez port crisis
Venezuela's busiest cargo port is crippled as 2,000 workers go on strike over unpaid wages.
- Fortress fixed
Njal Saevik's Havila Shipping lands term deal for large PSV in the North Sea.
- Pirates nabbed
Spate of attacks on vessels in Somali Basin leads to arrest of 11 suspected pirates by French Navy.
- Tax toast
Solvang posts larger profit for 2009 following reversal of Norwegian tax law.
- It's quotes time
Shipbroking unmasked as the easiest game in the world and are the Germans up for a fight?
- Bulker arrest
QT Trading sends US Marshalls to seize a vessel once connected to bankrupt shipowner Daewoo Logistics.
- New5 in Numb3rs
DnB NOR zeroing in on Marine Capital bulkers while Sammy Ofer takes a hit on charter of five megaboxships to Maersk.
- Death at LA port
Body of naked man who allegedly jumped off Los Angeles pier to escape pursuer pulled from water.
- Chennai launch
Japan's MOL backs Indian growth with start of new Asian boxship service.
- Wind double
UK owner Seajacks readies order for two more wind farm installation ships.
- Ice block in Baltic
Rescuers struggle to cope as worst sea ice in 15 years strands dozens of ships off Sweden.
- Tenant found
Another slice of mothballed part of AP Moller's Lindo Shipyard rented out as Skykon moves in.
- Turning the corner
China's giant Cosco group expecting 2010 profit as demand rebounds and rates climb.
- Campbell orders
Bahamas-based Campbell Shipping pens up to four bulkers at small Chinese yard.
- Russia ready
Murmansk Shipping and port of Murmansk on new list of privatisation targets.
- Rivals unite
Japan's K Line brings in MOL to jointly run two beefed up boxship loops to west coast of US.
- Bonds for PB
Hong Kong handysize shipowner Pacific Basin raises $230m from convertible bond issue and cuts cost of financing.
- Vision of toilet
More than 300 passengers struck by vomiting and diarrhoea on Royal Caribbean's Vision of the Seas in Brazil.
- Steimler picked
Former Tankers International boss Michael Steimler appointed to board of under pressure DHT Maritime.
- OSG to issue
Morten Arntzen-led tanker giant set to raise over $160m for general corporate purposes.
- Synergy improves
Restis dry bulk operation still in the red at the end of year, but results mark improvement on 2008.
- Excel fixes four
Gabriel Panayotides-led bulker owner ties up panamax quintet for just over one year each.
- Thor Sea scrapped
Thailand's Thoresen Thai Agencies has offloaded another of its elderly general cargo vessels.
- ICTSI selling
Philippines ports group lining up bond issue to refinance debt and fund investments.
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| MARCH 5, 2010 |
- FreightScan, Swissport in deal
- Swiss WorldCargo shuffles management
- House extends highway, transit programs for 1 year
- Report details U.S.-China trade data differences
- GAO: 'Dublin, Iran' isn't a U.S. export destination
- U.S. backs trade ban on bluefin tuna
- FMC reviews 6 OTI license applications
- Crowley doubles Jacksonville warehouse space
- SSA gives update on Chile terminals
- Carriers update on Chilean terminals
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| MARCH 5, 2010 |
- STX Europe to build new shipyard in Brazil
STX Norway Offshore has signed a letter of intent with its Brazilian partner PJMR to build a new shipyard in Fortaleza in Northeastern Brazil. STX invests about USD 100 million
- Livanos quits Odfjell
The second largest shareholder in Odfjell SE, ChemLog Holdings owned by Greek Livanos family, has sold practically its entire stock of 16 per cent in the company. The exit was
- Laid up Superflex sold to Cyprus
The last Danish owned Superflex ferry Troll, ex Viire, will shortly leave Denmark for Mediterranean waters for a new life on the isle of Cyprus. The ferry, owned by K
- DKK not USD on sale of chemical tanker
The sale of the chemical tanker Dover, previously owned by Swedish Elgar Shipping, did not reach the high price reported earlier. "The auction price in the court was correctly 3
- Monster waves kill two on cruise ship
Two passengers, one German and one Italian, were killed and 14 injured when the Maltese-flagged cruise ship Louis Majesty was hit by abnormally large waves on Wedensday evening off
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| MARCH 5, 2010 |
- Quiet week for bunkers (mostly)
Relatively narrow price range for trading, but firming prices expected early next week.
- Week ends with differing price moves
Not all markets following a jump in crude oil futures.
- Bunker prices fall in Rotterdam
NYMEX showing gains of more than $1 in early trading.
- Middle East bunker prices weaken
NYMEX showing gains for more than $1 in early trading.
- Terrorist alert in Malacca Strait
Singapore Navy warns of attacks on oil tankers.
- Italian U-turn on sulphur regulation
Trieste port's decision to accept no exemptions said to have followed advice from ministry.
- Terminal concession 'worth' over $580 million
Egyptian report says Port Said project has been awarded on a BOT basis.
- Currents 'changed' at bunker anchorage
Call for investigation into direction and flow of currents at Singapore anchorage.
- Hong Kong bucks downward trend
Bunkers in other key Asian ports mostly weakened.
- Survey to review Bunkerworld website, services
Participants can win a Mont Blanc ballpoint pen.
- Brightoil not paying dividends to bolster expansion plans
No cash payout despite 155% surge in profit attributable to shareholders.
- Titan further extends exchange offer deadline
Conditions to close the offer, which is intended to help overcome 'deteriorating financial position', have not been met.
- WFS maintains quarterly cash dividend
But is half the payout for Q2 2009.
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