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| AUGUST 9, 2010 |
Shipping News
- Baltic index rises as iron ore boosts capesize activity
THE Baltic Exchange's main sea-freight index, which tracks rates to ship dry commodities, rose for a second session on Friday as iron ore enquiry bolstered activity for larger capesize vessels.
- Tanker owners may suspend leasing
OWNERS of supertankers delivering the world's seaborne crude oil may emulate industry leader Frontline Ltd and stop leasing the vessels until a plunge in rental income is reversed, shipping analysts said.
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| AUGUST 9, 2010 |
- Toll urges end to "damaging" cycle of peak/off-peak rates
- Guangxi becomes a regional trading hub between China and ASEAN
- China's Purchasing Managers Index fell for 3 consecutive months
- DHS is slated for failing to meet 100pc sea freight screening deadline
- CAI's Q2 earnings rise to US$5.7 million
- Euro zone sees weak growth amid high unemployment
- Virgin Atlantic Cargo strong financial year-start
- CAL has record July
- Cargoitalia Milan-Shanghai flights start in September
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| AUGUST 9, 2010 |
- MSC to commence I-Med service on Aug. 26
- SCI Board meet on Aug. 11 to consider FPO, stake sale
- For shipping lines, slow steaming=less emissions & costs; for shippers, it means higher rates & longer transit times
- Inland water route dedicated to coal movement planned along Brahmani-Kharasua river
- Evergreen, OOCL & Simatech to launch AGI service with Mundra call
- NOL wins Asia-Pacific's innovation award
- FTP supplement due only on Aug. 23
- India sounds most sincere on Doha'USTR
- MoS faces uphill task in unifying two port Acts
- Rapid erosion of Rlys' rolling stock makes capacity expansion imperative'CAG
- Airfreight shippers take in-house cargo screening seriously
- Airbus swamped with orders
- Air freight rates on Asia-Europe route plummet
- GST regime remains a far cry
- New DTAA with Switzerland opens door to stashed wealth
- Direct tax mop-up surges
- Pranab stands by Central veto power on GST
- Manufacturers now more optimistic of year ahead, finds survey
- KPCHAA reminds state govt to honour HC fiat on stamp duty asap
- Famous Pacific official gives insights on logistics planning
- Rio to be venue for 2011 project cargo network meet
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| AUGUST 5, 2010 |
- Successful coal handling with Gottwald mobile harbour crane in India
The Indian company Jindal Steel & Power Limited (JSPL) recently completed a successful continuous-duty coal handling performance trial with a Gottwald G HMK 6407 B mobile harbo...
- Container leviathan "Hanjin Korea" makes first call in Hamburg
The "Hanjin Korea", the largest containership operated by South Korea's Hanjin Shipping Company Ltd (Seoul), made its maiden call at the port of Hamburg at the beginning ...
- Port of Rotterdam on a roll thanks to UK ro-ro volumes
The port of Rotterdam reported that its throughput to and from ro-ro vessels rose to 8.3 million t in H1/2010. This is 8% higher than the first half volume in 2009. This surge can ...
- Logwin boosts interim sales and operating result
Logwin, a forwarding and logistics corporation based in Grevenmacher (Luxembourg), succeeded in markedly boosting its H1/2010 turnover vis-à-vis the same period in 2009. The interi...
- Wincanton sells recycling activities in UK
The British logistics service provider Wincanton is to dispose of its recycling business by selling the assets to the Sims Group UK. Approximately GBP 17.5 million will be paid in ...
- Advance International Transport coordinates multi-port freight shipment for Mitsubishi
The international project freight forwarder, Advance International Transport, has successfully co-ordinated the shipment of oil industry project cargo from two countries for Mitsub...
- Satomec AG expand product management division
Satomec Automation Systems, an automation company based in Cham (Switzerland), is augmenting its product management and support sector as part of an expansion drive. Due to steadil...
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| AUGUST 6, 2010 |
- Seawell swoops on Rig Inspection Services
- Bay Shipbuilding gets new VP and GM
- U.K. MAIB pulls plug on Safety Digest
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| AUGUST 6, 2010 |
- Neptune Orient Lines reports second quarter profits jump
- Crowley nets award for LA/Long Beach clean air efforts
- Port of Bellingham takes home best wedding reception location nod
- Trio of carriers to begin Southeast Asia/India/Middle East run
- Weekly AAR report finds rail carload numbers drop
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| AUGUST 8, 2010 |
- Ship security fears grow after latest attacks
MOL tanker blast and breaches to Gulf of Aden transit corridor raise fears of heightened risk to shipping across Middle East
- Red Sea and Gulf of Aden lead piracy hotspots
- Shell warns of rising piracy threat in Gulf of Guinea
- Odfjell will not avoid Gulf of Aden despite latest pirate attack
- US box imports 'may have peaked'
Peak season may have arrived early this year and volumes likely to slacken off after...
- Toll sees easing in capacity shortfall
- Singapore cuts port concessions
Shipping industry's gradual recovery is behind decision to phase out measures.
- Shipowners slow to embrace energy efficiency
- Tepid demand in Asia depresses Australian thermal coal prices
Chinese traders are placing inquiries for prompt cargoes but won't pay more
- Colombian coal boosts fronthaul activity
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| AUGUST 6, 2010 |
- State terror ruled out in VLCC blast
AN MOL VLCC was attacked last week not by state-sponsored commandos but by a rogue terrorist group, a US intelligence source close to the investigation told Fairplay today
- Inmarsat seals $1.2Bn order
MOBILE satellite services company Inmarsat told Fairplay today it has ordered $1.2Bn of satellites to deliver high-speed broadband to ships
- Maersk to pocket $2Bn in 1H10
DENMARK'S AP Møller-Maersk should bag net profits of about $2Bn for 2010's first half, a shipping analyst told Fairplay today
- China to build Karachi refinery
CHINA has agreed to set up a major oil refinery in Karachi, a Pakistani oil ministry official told Fairplay today
- Is Frère still in the running?
CMA CGM told Fairplay today it is continuing talks with "several investors" about its attempt to recapitalise ' but it declined to say whether Belgian financier Albert Frère was still among them
- Singapore, Taiwan: power couple
AN EXCITING new trade partnership might be forming in Southeast Asia, as Singapore and Taiwan start flirting, IHS Global Insight reported today
- ACS sells Spanish assets
SPAIN'S Activitades de Construccion y Servicios has sold the Spanish assets of its Dragados port and logistics sevices subsidiary to a consortium of institutional investors advised by JP Morgan Asset Management
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| AUGUST 6, 2010 |
- Panama Canal Receives Bids on Pacific Access Channel
- EPA Funds Retrofits for Two Long-Haul Truck Firms
- Rail Groups Push Competing Bills
- Lawmakers Propose Higher Truck Weight
- New Charleston Terminal Clears Environmental Opposition
- Kohl Seeks Antritrust Probe of LTL Pricing, Classification
- Weak Job Growth Points to Lower Transportation Volume
- Three Asian Carriers Form Joint Service
- Senate Bill Would Strengthen Antidumping Probes
- Air France-KLM Cargo Growth Slows
- Port Operator Hutchison Posts Big Gains
- ICTSI Net Profit Jumps 61 Percent
- NOL Reports $100 Million Profit on Soaring Demand
- Railroads Redraw the Intermodal Map
- Sourcing Gets Caliente
- Voices of Concern
- Courage
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| AUGUST 6, 2010 |
- 2011: mirabilis or horribilis the jury is out
The H1 reporting season is in full flow; financial news sheets are awash with bullish strap lines, the word 'profit' is back on top.
- Pirates encouraged to attack again
- NOL notes first profit in more than a year
- Trio capitalise on SE Asia/ME/India trade boom with new service
- Pakistan in the grip of flooding catastrophe
- Asia-Europe volumes on the up for H1
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| AUGUST 6, 2010 |
- NATS fires back at Olsen
Nordic American pins collapsed resale contract on Fred Olsen arm as technical trouble takes the spotlight.
- Sinking rates rock CH Offshore
Bank borrowings surge 692% in fiscal year as Singapore-listed offshore owner funds fresh AHTS pair.
- Diana issues dry wake-up call
President Anastassis Margaronis says dry-bulk stocks are no stable retirement home.
- Navy coy on M Star terrorist link
US Fifth Fleet unable to confirm reports of explosive material found during inspection of MOL tanker.
- Pride pens drilling gig
New York-listed drillship player scores $16.5m contract as energy giant explores Israeli gas fields, sources say.
- TBS International chops Q2 loss
Nasdaq-listed bulker owner posts 'solid' results but still stuck in the red as bunker bills batter the bottom line.
- Seized Syria Star anchors
Crew of hijacked bulker confirmed as unharmed as it drops anchor 70 miles from major Puntland port.
- MAIB's Meyer fires parting shot
Belgium, Cyprus and a windlass maker get a kicking from outgoing UK accident investigation chief.
- Excel Maritime tops up shelf
Gabriel Panayotides-led shipowner has cleared the way to sell up to $750m shares.
- Quotes of the week
Peter G misses the easy 'Dial-a-Loan' days while Peter Shaerf reveals his West End credentials.
- Vinalines swallows 36 ships
Vietnamese owner profits from vessel transfer from debt-laden Vinashin, but says many are not up to scratch.
- Singapore ship in Red Sea 'attack'
Armed pirates in three skiffs chase Masterbulk's Pelicana in afternoon incident in Bab el-Mandeb.
- NATS 'evaluating acquisitions'
Herbjorn Hansson-led suezmax owner could have a taste for tonnage as second quarter returns profit.
- Israeli port volumes rise
Gradual global recovery pushes up second quarter teu figures by 16.7%.
- Repairs to M Star 'complete'
MOL coy on current location of damaged VLCC but remains stumped on cause of damage.
- New5 in Numb3rs
Jimmy Drakos heads US IPO queue, Polembros is buying capes and Torm is refilling its tanker pool.
- Sidsel Knutsen under repair
Norwegian tanker that nearly hit restaurant in Michigan still stuck as engine is fixed.
- Eastern promise for box trio
Evergreen, OOCL and Simatech launch new run from South-east Asia to Middle East.
- Anship heading to enclave
Russian owner charters Rosmorport ferry for run into Kaliningrad.
- Belgian chips off Saade's table
Report claims Belgian billionaire Albert Frere muscled out of finance talks with CMA CGM.
- Kyoei Tanker stays cautious
Japanese owner builds first quarter profit, but full-year forecast remains below previous 12 months.
- NOL swings to profit
World's fourth largest liner operator returns to the black in second quarter and expects this to improve further.
- Sado predicts grand finale
Japanese ferry owner tips a profitable 2010 despite losses in the first six months.
- Sanoyas braced for profit drop
Japanese shipbuilder sets full-year profit sights lower despite raking in the cash in first quarter.
- Naikai Zosen starts strongly
Japanese shipbuilder's first quarter profit soars as revenues jump.
- Hitachi Zosen falls in the first
Japanese shipbuilder sees its profit hurt by stunted revenue in the first quarter.
- Algoma hit by dollar drop
Canadian owner goes further into red in first six months as currency falls against southern counterpart.
- Tirrenia deal falls through
Italian government ready to support ferry owner after it could not agree privatisation with Mediterranea Holding.
- New Asia to Africa service
Safmarine set to start new direct service between the Far East and West Africa with parent Maersk.
- Omega lands Kassiotis lifeline
Founder and CEO of troubled tanker owner coughs up $5.3m to settle scrape with lenders.
- One missing after ferry smash
Search on for fisherman missing off Scotland after collision with Norfolkline-chartered ro-pax.
- US imports to grow 15%
Trade body says inbound US container volumes will reach 14.5mteu in 2010, but concerns remain about recovery.
- Inui Steamship eyes profit hike
MOL handysize bulker subsidiary piles on profit in first quarter and looks forward to bumper year.
- CSAV in box swap first
Chilean shipowner executes first container derivative transaction by a container line, says bank.
- Trico tanks as Chapter 11 looms
Shares in Nasdaq-listed offshore owner plunge 32% as Wall Street retreats amid bankruptcy bind.
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| AUGUST 6, 2010 |
- OOCL back in black in first half
- APL returns to profit in 2nd quarter
- Japanese lines restart Asia/Australia link
- Kewill, UPS team on package, freight services
- Delta resumes cargo service to Nigeria
- UPS names China expert to board
- Senate bill would raise truck weight ceiling
- CBP taps Allen to shepherd ACE
- Transplace hires Cubitt as VP
- July may be peak season's peak
- CUT shifts from Long Beach to L.A.
- Charleston says growth returning
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| AUGUST 6, 2010 |
- Danish coaster in compulsory auction in Miami
The Danish owned coaster Stella Maris will be sold at an auction in Miami, Florida, at the beginning of September. The vessel was detained in March, after twelve crew members
- Terrorist attack against super tanker
The Japanese tanker M. Star was the subject of a terrorist attack when it sailed through the Strait of Hormuz on July 28, reports the United Arab Emirates state news
- Norfolkline ferry in collision with fishing vessel
The Norfolkline operated ferry Scottish Viking yesterday evening collided with the local fishing boat Homeland off St Abbs in Scotland ' one fisherman is still missing and the British coast guard
- Another ship hijacked in the transit corridor
Yesterday afternoon, the cargo ship Syria Star was hijacked in the Gulf of Aden while sailing in the Internationally Recommended Transit Corridor with a cargo of sugar, reports EU Navfor
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| AUGUST 6, 2010 |
- Debunking the food versus fuel debate
As shipping considers whether biofuels are a feasible alternative for bunkering a new report sets the record straight.
- Firmer fundamentals boost bunker levels
BW380 rising by more than $20 this week.
- Friday sees softening markets
Market levels following movements elsewhere.
- Prices weakening in key north Europe ports
Mixed price movements in southern Europe.
- Study points to deteriorating bunker fuel quality since 2003
Viswa Lab's True Worth Index (TWI) benchmarking of bunker fuel showing two regions 'head and shoulders' above the rest.
- Alaska and the North American ECA
US EPA administrator talks about the reasons behind the 200 nautical mile zone, the alternatives ahead of 2015 and international leadership.
- DNV chief says LNG challenges can be overcome
Difficult to understand why the shipping industry has not switched to LNG as a bunker fuel, says Madsen.
- Prices end the week mixed
NYMEX showing further losses in early trading.
- Tanker 'was target of terrorist attack'
Concerns for security in Strait of Hormuz.
- Catalyst system promises quick return on investment
Reports nearly 20% average fuel savings for coastal vessels along with reductions in harmful emissions.
- Bunker tanker passes EMSA 'acceptance test'
Aegean Bunkers at Sea vessel will 'reinforce oil spill response' capacity.
- Week ends with dip in IFO prices
Supplies ample at key Asian ports.
- Singapore extending port dues concession
Reduction in port dues will continue until the end of March 2011.
- Former BP staff defend departures
Highlight internal policy changes and use of 'fear tactics' in managing staff.
- Chinese terminal ends hull cleaning operations
Most oil from last month's pipeline explosion has been cleared.
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