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| MARCH 9, 2010 |
Shipping News
- Oil traders eye alternative routes
Oil traders are concerned about supply disruptions via the Malacca Strait after the Singapore Navy warned of possible attacks on tankers, but say that alternate routes could be used which add slightly to costs while stocks on landed and floating storages offer ample buffer.
- Rogue waves, towering terror on the high seas
They are known as rogue or freak waves, though some people simply call them monsters of the sea.
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| MARCH 9, 2010 |
- MOL, 'K' Line link up US-Canada west coast services
- Pacific International Lines starts China-Long Beach service April 6
- Guangzhou customs launches online mail tracking system
- Schenker launches dedicated IT Shared Services Centre in Nanjing
- Bengal Tiger joins MOL, RCL to offer Thailand-Chennai service
- Westports sees 2010 box throughput rising to 5.2 million TEU
- Container Stuffers designs equipment to load forest products
- TransContainer launches block train to remotest Russia
- AAT February volume up 40pc to 42,145 tonnes at HK airport
- Shanghai and Guangzhou airports record rapid cargo growth
- Total passenger aircraft cargo screening to take two years: TSA
- Swiss WorldCargo management reshuffled
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| MARCH 9, 2010 |
- BDP partners UGL to form BDP Global Logistics (India) Pvt. Ltd
- DGS resorts to special powers to charter foreign vessel
- BIMCO wants all high seas laws to come under UN control
- Haiko Logistics focuses on growth strategies at annual sales meet
- TNWA announces changes in PSX service
- MAERSK LINE /Horizon Lines to end TP1 slot pact in December
- SCHENKER receives accreditation as Qualified Envirotainer Provider
- SCA Transforest launches new feeder service
- 5-line partnership on Asia-EC South America lane
- Agility appoints Hans Hickler as CEO for Asia-Pacific
- Hapag-Lloyd to hike Asia-Canada rates from mid-March
- MOL signs contract for long-term charters of LNG vessels by ExxonMobil
- G S C launches operations
- MSC to implement GRI from April
- Inchcape Shipping Services expands into France
- SITC launches service from Fuzhou Mawei port to Osaka & Busan
- NYK & Weathernews start navigation in ice-covered seas
- Canada TSA takes CAF to 6 pc
- Horizon Lines posts Q4 profit
- HAMBURG SUD throws light on Chilean ports situation
- Seafood exporters' hopes lift with US economic recovery
- 15 anti-dumping duties imposed in 11 months
- 43 pc rise in coffee exports during Jan. & Feb.
- Dumping duty likely on Thai, Jap acetone
- Exporters seek nod to ship more cotton
- Potato exports on govt's agenda
- Rice exports to Lanka, Nepal allowed.
- Cabinet clears Andaman & Nicobar as Major Port
- Stimulus still vital for growth, admits Pranab
- Govt now a facilitator-Revenue Secy
- Panel to study price rise proposed
- Slight fall in global wheat output likely
- Weekend programme on management
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| MARCH 5, 2010 |
- German general cargo alliance building new headquarters
The German general cargo alliance network called S.T.a.R. Kooperation GmbH is building a new central hub at its headquarters in Homberg/Efze (Germany). A 37,000 sqm complex, due fo...
- Kuwait approves plans for GCC railway
Kuwait has approved plans for a USD 25 billion railway. The 135 km line will connect Kuwait with Saudi Arabia, beginning at Sulaibiya and ending at Nuwaiseeb. The Kuwait municipali...
- Qatar starts work on nationwide railway
The Qatar Railways Company, which was founded in 2009, has begun work on Qatar's multibillion dollar metro and ground rail projects, set to be completed in phases by 2016. Projects...
- BNSF starts test on hydrogen fuel cell shunting locomotive
BNSF has begun in-service testing of an experimental hydrogen fuel cell shunting locomotive, which has been developed in partnership with Vehicle Projects and the US department of ...
- Port of Harwich supports wind farms
Harwich International Port has commenced involvement in a Thanet offshore wind farm development. The Thanet wind farm, located 12 km off Foreness Point in Kent and with a projected...
- SCA Transforest launches Sweden-Hamburg feeder service
Svenska Cellulosa Aktiebolaget (SCA), a Swedish paper and timber produce manufacturer, and its transport and logistics unit SCA Transforest, launched Container Express, a regular s...
- Swiss WorldCargo makes executive team changes
Omar Bragatto, who was formerly in charge of the corporation's flight optimisation division, has become head of contribution management and will thus report directly to Ashwin Bhat...
- Norbert Dentressangle turns its back on TLF
The French transport and logistics service provider Norbert Dentressangle has quit the French transport and logistics association TLF (F'deration des entreprises de Transort et de ...
- DHL investing in new Hong Kong facility
DHL is investing HKD 360 million in the expansion of its operations into a single multi-user facility for DHL Supply Chain to cater for growth in Hong Kong. The project is schedule...
- Ceva Logistics reports 2009 results
The logistics service provider and SCM specialist Ceva Logistics has reported its 2009 results, with full year revenues down by 13.2% compared with 2008. Ebitda for the year was do...
- Tajikistan's Somon Air orders B737s
Somon Air, Tajikistan's first private full-service carrier, has ordered two Boeing B737-900ERs for a total of approximately USD 163 million at list prices. This represents Somon Ai...
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| MARCH 8, 2010 |
- Port of Astoria facilities earn 'Clean Marina' nod
- Port of Seattle taps Styrk as head of Seaport division
- Everett Port Commission Oks marina parking fee boost
- Crowley response tug assists troubled vessel
- Mitsui set to add new SMX service
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| MARCH 8, 2010 |
- Baltic Trading and Crude Carriers set for New York debut
Companies' pricing will provide indication about viability of New York IPOs in 2010
- OSG prices follow-on offering
- Forth Ports share price soars after '612m takeover bid
Operator rejects approach by consortium that already owns 27.4% of Forth Ports
- Naval forces capture 35 suspected pirates
Six separate attacks on vessels have been thwarted in the Gulf of Aden in the past four days
- Ningbo aims to launch IPO in June
Port operator set to go ahead with $1.5bn Shanghai listing in June
- Moorhouse signals Lloyd's Register departure
Chairman to leave classification society at the end of 2010
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| MARCH 8, 2010 |
- Teargas routs Total protest
FRENCH police have used teargas on Total Oil workers who stormed its Paris headquarters to oppose the closure of its Dunkirk refinery
- BHP seals coal contracts
BHP BILLITON confirmed today it has reached agreement with customers in Europe, China, India and Japan to supply hard coking coal
- NAPA comes to Adriatic
VENICE has formed a port association with Ravenna and Trieste in Italy and the Slovenian port of Koper
- Shell, PetroChina bid for Arrow
SHARES in Arrow Energy rose 41% in trading today after a takeover bid was announced
- Tight ship financing seen
FINANCING last year for ships was "extremely difficult", Jonathan Hill of corporate ship finance boutique Tufton Oceanic told a Dubai conference today
- Storm closing Barca terminal
A FREAK snow and rain storm in Catalonia has forced Barcelona today to order a shutdown of its main cruise terminal
- DOF wants Brazil listing
NORWAY'S offshore company DOF said today it is seeking a listing on Brazil's stock exchange to promote its business there
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| MARCH 8, 2010 |
- Barge Operators Seek Fuel Tax Hike
- Port Tracker Forecasts Accelerating Imports
- Norfolk Southern to Pay $4 Million for Chlorine Spill
- KCS Buys Puerta Mexico Intermodal Terminal
- Finnish Dockworkers Strike for Fifth Day
- Short Line Traffic Climbs
- Logistics Leader Jerry Ulm Dies
- Nova Scotia Plans Wind Tower Facility
- Forth Ports Rebuffs $930 Million Offer
- Caribbean Shipowners to Impose Peak Surcharge
- Obama to Nominate Harding as TSA Head
- MOL to Open Chennai Service
- Seattle Program Scraps 100th 'Dirty' Truck
- California Agency to Enforce Clean Air Goals
- MSC Chief Blames Customers for Crisis
- Nasdaq Warns YRC On Listing
- Terminal Reality
- Sealed Deal on Shortage Claim?
- Think Globally, Truck Regionally
- Intermodal Matchmaking
- A Trial for Harbor Trucks
- Asia on the Horizon
- Tempers Flare
- From Boiling Point to Break-Even
- Watching the Border
- Cracking the Code
- Vehicle Mileage Tax Within a Decade?
- A Better Core for the Big Apple
- Making Transportation Smarter
- Bunning Throws a Brushback
- State Projects Stall
- High-Risk Highway Games
- Perceptions and Paradigm Shifts
- 3PLs Put Pedal to the Metal
- $8,000 Per FEU? Not Exactly
- Guatemala Stays in the Game
- Capping Sourcing?
- Are Supply Chains Shrinking?
- Capping Carbon
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| MARCH 8, 2010 |
- NYK buys stake in TMILL
- Farrell doubles its fleet
- Geodis acquires Bertola
- Maruba looks to RTW service
- Forth reject 'opportunistic' bid
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| MARCH 8, 2010 |
- Stena takes four
Ulf Ryder's Stena Bulk swells Samsung Heavy Industries orderbook to six after exercising suezmax options.
- Konig eyes Islamic
Middle East market targeted as Tobias Konig-led KG player Konig & Cie sets up Sharia-compliant fund.
- Petrobras fixes
John Fredriksen-backed Deep Sea Supply has inked two time charter deals with Brazilain oil giant Petrobras.
- FreeSeas freefall
Athens-based bulker owner posts a loss in the fourth quarter as fleet expansion proves pricey.
- Jensen Jr steps up
Clipper Bulk boss Frank takes over from his father Torben as chairman and CEO of Danish shipping group.
- Turkish dismay
A Turkish shipowner is liable to pay damages to a charterer for refusing to carry two potentially hazardous cargoes.
- Double down
Two gambling ships are seized as hedge fund seeks $74m from insolvent Ocean Casino Cruises.
- Silver lining
Taiwan's Evergreen expecting to break even in second quarter as markets improve, chairman Bronson Hsieh says.
- Smelly Seville
Chinese authorities probe possible chemical leak on Maersk-chartered boxship after noticing pungent odour.
- IPO optimism
Analysts back Dof's plans to list NorSkan in Brazil as Norwegian owner's shares inch up in Oslo.
- NYK buys in
Japanese giant takes 26% of partner Tata Steel's logistics and ports company TMIL.
- Glory moves again
Mystery surrounds Somali pirates' shift of seized Zodiac ship Asian Glory for third time this year.
- Buying dry
Bulker sales stay strong amid expectation prices will not be dropping in the near term, broker says.
- Float fillout
NorSkan's fleet will double to 30 or more ships ahead of Brazilian IPO, Dof CEO Mons Aase says.
- Forth shares soar
Value of Scottish ports group rises to almost $1bn on takeover approach.
- Mipo order altered
Mystery European owner switches order for chemical duo into bulker trio at Hyundai Mipo Dockyard.
- Dof in Brazil IPO
Norwegian offshore owner reveals plans to list unit NorSkan on the Sao Paulo Stock Exchange.
- Steel scam busted
Shipping fraudsters suspected of masterminding scrap con from Europe and South American to Asia.
- Delisting dilemma
Greek shipowner OceanFreight must push up its share price or wave goodbye to its Nasdaq listing.
- Pipavav prospects
Indian yard's chairman Nikhil Gandhi says talks are progressing well on big new offshore and defence orders.
- Moorhouse quits
David Moorhouse is to stand down as chairman of Lloyd's Register after a decade at the head of UK classification society.
- Greek ship evades
Tramp Maritime bulker Melina 1 chased by pirates for 12 hours off the west coast of India.
- Cape cheer
Shoei Kisen collects $61m from modern capesize sale, a rise of over one tenth on recent deals.
- Odfjell confirms
Norwegian owner says tanker Odfjell Fighter heading for Indian breakers at near book value.
- China crisis
Tanker owner China Merchants Energy Shipping posts 72% drop in 2009 profit.
- Distracted
Greek-managed ro-ro's master had too much on his plate when vessel crashed into light float in River Mersey.
- KOTC scraps trio
Kuwait Oil Tanker Co single-skin VLCCs head for demolition yard in Bangladesh, say brokers.
- Azeri debut
Caspian Shipping's new shipyard in Baku wins first business, from friendly neighbour.
- On the up
Nordic American's Herbjorn Hansson expecting bigger first quarter dividends as suezmax spot rates outperform 2009.
- Osprey free
Eitzen tanker Sichem Osprey heads to Mexico after re-float off remote Pacific island.
- Essar adds mines
Indian shipping and ports group builds US presence by taking over coal company Trinity.
- Fighter scrapped
Norwegian chemical tanker owner Odfjell sends another elderly vessel to the breakers' beaches, brokers say.
- Havyard Sino first
Norwegian offshore shipbuilding and design group wins first contract from Chinese principal.
- Ferry smashed
Five passengers injured by broken glass as wave shatters windows on Moroccan ro-ro.
- Crude feud
NATS' Herbjorn Hansson cries foul over 'negative' campaign by Evangelos Marinakis' Crude Carriers on IPO roadshow.
- Viet job for Koon
Singapore civil engineering firm wins $160m project to develop new port in Vietnam's south.
- Uni-Asia suffers
Japanese ship financier sees fourth quarter results slip into the red on weaker shipping markets.
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| MARCH 8, 2010 |
- Maersk revives Farrell Lines brand
- "K" Line, MOL to merge Japan/WCNA services
- CMA CGM raises Europe-to-Asia rates
- Lawmakers seek jump for stalled Mexican truck dispute
- March 25 deadline for duty-free comments
- To Russia with U.S. pork
- NYK acquires stake in Tata Steel unit
- Styrk to head Seattle seaport division
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| MARCH 8, 2010 |
- Back to normal in Sea of Åland
Last week's severe ice conditions in the Åland Sea that caught several vessels in the ice and led to two vessels touching each other, eased during Sunday.
- Aalborg signs up with Royal Arctic Line
Port of Aalborg has signed a long-term agreement with Royal Arctic Line for providing facilities for the goods transports to and from Greenland. The new agreement comes in connection
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| MARCH 8, 2010 |
- Oil spill research efforts 'underfunded and uncoordinated'
New white paper by the US Arctic Research Commission stresses the need for more resources and legislation.
- Petromedia Group opens Miami office
Parent company of Bunkerworld, Sustainable Shipping and Ocean Intelligence sets up office in regional shipping centre.
- Rotterdam prices start week firm
Meanwhile NYMEX showing losses in early trading.
- Sea-ice forces up bunker costs
Viking Line says its February bunker budget ran out eight days early.
- Strong gains in Fujairah
Durban refinery start up delayed until March 13.
- Progress on LNG supply ship design
Vessel design is 'perfect for the distribution' of LNG.
- Floating storage could be terrorist target
Traders say VLCCs anchored off Malaysia are as vulnerable as tankers in transit.
- Price rise hedge possible 'without liquidity risk'
Danish firm says bunker buyers can protect against rising prices but still benefit if market drops.
- KPI Bridge Oil continues expansion
Appoints bunker trader trainee in its London office.
- Emulsified diesel marine fuel 'successfully tested'
Fuel efficiency up while PM and NOx emissions fall, says environmental technology company.
- Tanker hijacking: Sri Lanka focuses on crew's release
Sri Lankan seafarers urged not to crew ships sailing through Somali waters.
- Firmer prices to start the week
380 cSt in Singapore posts a two-digit rise.
- Busan: Bad weather partially disrupts bunkering operations
Bad weather conditions estimated to subside by Tuesday evening.
- Hambantota project 'five months ahead of schedule'
Port project partially ready for operation by November 2010.
- Freight rates jump 30% on rising oil prices
Rates affected for routes mostly from south Asia to Europe.
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