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| MARCH 10, 2010 |
Shipping News
- IE Singapore touts Busan port as N-E Asia hub
SINGAPORE companies keen to get into the North- east Asian market and that want a good base to hub from were given an introduction to the advantages that South Korea's Port of Busan can offer at a seminar organised by IE Singapore yesterday.
- Mid-East VLCC surplus halves
The supply of supertankers competing for two million barrel shipments of Middle East crude more than halved as demand gained and owners sent empty vessels to West Africa for higher returns.
- Array of ship protection devices crops up
Somali pirates raked in an estimated US$60 million in 2009 but the Indian Ocean's ransom hunters have also spurred a much larger industry of ship protection devices.
- Asia holds the key to future of shipping markets
Strait Talk
- Avoiding maps of contention
MUTUAL insurer International Transport Intermediaries Club (ITIC) says there has been an increase in the number of professional indemnity claims made against professional service providers who are its members.
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| MARCH 10, 2010 |
- CSCL-Evergreen commences China-Philippines-Thai loop
- Japan, Vietnam, Cambodia, Thailand link added by Maersk's MCC
- Beijing aims at a logistics cargo value of CNY7 trillion in 2011
- Port of Yingkou container volume soars 41pc
- NYK Group offers aid to victims of Chile quake
- PIL augments box loop with Asia-Africa multipurpose string
- NYK Logistics opens in Nanjing as first step of inland expansion
- England's Teesport profits from port distribution centres
- Teesport operator wins ASDA award
- Transnet on schedule with Cape Town terminal expansion
- Hactl records a 34.7pc increase in February volume
- Air China and Air China Cargo boost Boeing health coverage
- Air China launches Paris cargo service
- Evergreen loses Boeing contract to rival Atlas
- American Airlines Cargo expand facilities at JFK
- Volga-Dnepr hauls giant electro stations across Europe
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| MARCH 10, 2010 |
- Tankers in Malacca Strait on terrorists' gunsights, warns Singapore
- Vasan explains steps taken to combat piracy
- New CMD assumes charge of Goa Shipyard
- No move to import rice, says Scindia
- S. S. Hussain honoured with Business Leader (Ports) award
- Competitive tariffs seen vital to make Vallarpadam ICTT a major hub
- ICD-Ankleshwar posts new record in exports during Feb.
- Rlys derailing private box train operations
- Rlys hauls in more income in Feb.
- Car Sales on top gear in Feb. 2010
- CBEC member spells out benefits of GST
- Logistics sector braces itself to ride PE/M&A wave
- Opportunities opening up for logistics sector under GST regime spelled out
- States demand double compensation for GST regime
- Maharashtra economic summit on Fri.
- ACTL forays into ICES 1.5
- Bahrain to develop integrated economic zone near Navi Mumbai
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| MARCH 8, 2010 |
- Norbert Dentressangle welcomes Black Sheep
Norbert Dentressangle has been appointed to handle national warehousing and distribution for the Black Sheep brewery. Established in 1992, Yorkshire-based Black Sheep was formed by...
- ICF Transit turns 20
The French freight forwarder ICF Transit celebrated its 20th anniversary in January. The customs clearance and sea and air freight services specialist was founded in 1990 and is he...
- Lobraco Akademie opens Leipzig office
Lobraco Akademie, a German advanced training group, opened a new Leipzig office on 1 March. The Winningen-based entity is further expanding at key transport and logistics industry ...
- Scania wins Autologic deal
Truck maker Scania won a deal with Autologic to manage its mixed fleet of trucks and specialist trailers from 1 March. Autologic provides nation-wide logistics and technical servic...
- Romania's national railway axes 10,300 jobs
The Romanian government has made 4,000 out of its 78,000 workers redundant at the state-owned railway CFR. Another 6,300 jobs are to be axed in April. The railfreight division CFR ...
- 27th edition of Europe SITL, Paris, 23-26 March
SITL Europe 2010, which is taking place between 23 and 26 March at the Parc des Expositions ' Paris-Nord Villepinte (France), offers the entire national and international transport...
- Germany reports less foreign rail traffic
Germany's federal statistical office (Destatis) reported that 312.1 million t of goods were carried on the country's rail network in 2009. This equates to a 15.9% drop, the biggest...
- Agreement to continue the A400M project
Buyer nations that had contracted to purchase the A400M military transport plane came to an agreement with industry about the fundamental financing of the military aircraft and the...
- Fortune magazine honours seven trucking companies
Fortune magazine has chosen seven trucking, transportation and logistics companies to be part of its Most Admired Companies list, which contains 346 organizations. C.H. Robinson Wo...
- African Union demands air embargo over Somalia
The African Union, which maintains the peace-keeping force (Amisom) in Somalia, has asked the United Nations to impose a total no fly zone and port blockade against Somalia in orde...
- CMA CGM to raise US export cargo rates
The CMA CGM group will raise freight rates for cargo shipped from the USA to Asia, the Middle East and the Indian Subcontinent on 15 March. Rates from the USA's east...
- Koper, Ravenna, Trieste and Venice set up North Adriatic Ports Association
The presidents of the ports of Koper (Slovenia), Ravenna, Trieste and Venice (all Italy) have signed an agreement creating the North Adriatic Ports Association (Napa). The por...
- Throughput down in Barcelona
Throughput in Spain's port of Barcelona fell by 17% to 42 million t in 2009. International trade accounted for 28.4 million t, 8% less than in 2008. Traffic improved in Decemb...
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| MARCH 9, 2010 |
- Tidewater promotes Jeff Platt to COO
- T&T Marine Salvage helps clean-up Port Arthur spill
- EPA seeks comment on vessel discharge study
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| MARCH 9, 2010 |
- Funding threat to Rickmers boxship orders
Buyers struggling to secure finance to complete deals
- Profits up 18% at Rickmers Maritime
- Box volumes see strong recovery
Latest ELAA figures show growth in January traffic to and from Europe on most trades
- Lines in box sale and leaseback talks
Carriers in talks with container leasing firms to arrange sale and leaseback deals on their box fleets.
- Bleak outlook for reefership rates in 2010
Rates to remain below five-year averages although ageing fleet is set to shrink
- Deutsche Post DHL warns over sea freight capacity
Capacity "remains tight" and rates will "stay high or even increase"
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| MARCH 9, 2010 |
- US box imports rebound
IMPORT volume at major US box ports is expected to increase 13% this month, compared with March 2009, the National Retail Federation said
- 2 oil majors to halt Iran deals
TWO GLOBAL oil and fuel traders have decided to stop selling refined products to Iran, even as France's Total Oil was cited as violating US sanctions against Tehran, IHS Global Insight reported today
- Trade transitions forecast
WORLD economies and trade face five key transitions over the next two decades, IHS CERA has outlined
- Iraq poised for upswing
IRAQ WILL play a much larger role in oil exports over the next decade, speakers have told the CERA Week energy conference in Houston
- ELAA records volumes rise
VOLUMES rose on almost all European box routes in January, compared with same month last year, the ELAA said today
- IMO raises lifeboat standards
THE IMO has approved improved lifeboat safety standards, which are particularly aimed cutting accidents during drills and inspections
- Caribbean surcharge planned
CARIBBEAN shipowners will charge a peak season fee this autumn because of berth congestion expected during high season
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| MARCH 9, 2010 |
- YRC Worldwide's CEO Foresees More Layoffs
- Montreal Buys Green Locomotives
- U.S. Seeks Trucking Deal with Mexico, Kirk Says
- PHMSA Narrows Hazmat Security Requirements
- APHIS Finalizes Canada Inspection Fees
- Michelin Picks Damco for Vietnam Logistics
- Hong Kong Containers Fell 14 Percent in 2009
- Panalpina Adds Los Angeles Capacity
- Kenco, Schnellecke Form Logistics Venture
- Ocean Carriers Reactivate Some Idle Box Ships
- C.H. Robinson Carrier Roster Shrinks
- Diesel Reaches Highest Point in 16 Months
- Lufthansa Cargo Boosts February Volume
- "K" Line to Test Ship-Scrapping System
- NYNJ Port to Cut Emissions
- Deutsche Post DHL Swings to Profit in 2009
- OOCL Limits Window for Export Bookings
- Trucking Companies Fear Driver Shortage
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| MARCH 9, 2010 |
- BTL, MOL and RCL link up for new SE Asia/Chennai service
- Bourse bull rally continues
- EU starts free-trade talks with Singapore
- Sydney maintains momentum
- Greece braces for new 24-hour strike
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| MARCH 9, 2010 |
- Vitol tears veil
Oil trader gets green light to pursue wider ownership interests of Greek Kalogiratos family.
- Morten minted
Overseas Shipholding Group, led by Morten Arntzen, drags in nearly $160m from a share issue.
- Subsea shift
Helix Energy Solutions is offloading its oil and gas subsidiary to bankroll expansion in the subsea sector.
- Essar for sale?
Indian shipowner tight lipped on reports that a large stake may be divested to augment London listing.
- Kamsarmax fixed
Polys Hajioannou's Safe Bulkers pens a new contract for one of its ships axed by Daiichi last year.
- Carrier cheer
Liner giants see idle capacity plummet with five key players completely free of laid-up tonnage.
- Heron helped
UK lifeboat stabilises Van Oord dredger that took on water and began to list off Wales.
- Pac Basin bound
Tonnage-hungry Pacific Basin buys Cido Shipping bulker for $26m, brokers say.
- Hong Kong falls
Chinese territory's container volumes down 14% in 2009, but fourth quarter picks up.
- Aframax action
Brazilian oil giant Petrobras is ready to ink a time charter deal for a tanker tender lasting three years, brokers say.
- Norden eyes buys
Carsten Mortensen-led Dane mulls MR tanker buys as profit slides almost $500m on sales slump.
- Five sought
Pakistan National Shipping Corp (PNSC) in talks with government over finance for vessel acquisitions.
- Order frenzy
Samsung Heavy announces deals to build nine tankers, an offshore facility and floating LNG platform.
- OSG pay play
Morten Arntzen-led tanker giant slashes payouts to board members but says the compensation is still competitive.
- Opening up?
North Korea reportedly awards port leases to Russia and China as it seeks infrastructure investment.
- Pay out time
Shareholders in CP Ships finally get compensation for misrepresentation of financial results six years ago.
- Another chance
World's oldest ocean-going passengership looks to have escaped the breakers' torches once again.
- PDZ buys boxship
Malaysian intra-Asian feedership operator spends nearly $9m on Yamamaru-owned vessel.
- ONGC takes PSV
One-year PSV deal from state-owned energy outfit nets Garware Offshore near $5m.
- Two tied up
Petrobras hires Solstad AHTS while Statoil extends PSV for another year.
- COA spat settled
Norden walks away with $23m and two-year contract after settling out of court with Russian-backed RTI.
- Sick again
Celebrity Mercury cruiseship hit with second stomach virus outbreak in two weeks.
- Buying DryShips?
Rumour sweeps New York that AP Moller-Maersk is readying a takeover bid for George Economou's DryShips.
- Gas giveaway
Golar LNG confirms hand-out of 9.7m shares in Golar LNG Energy as dividend ' equivalent to 4% of company.
- Globus goes lower
Weaker revenues, due to fewer ships, push George Karageorgiou-led bulker owner to $1.2m loss.
- K Line scraps
Japanese owner among the first to offer up ship for recycling at new domestic pilot project.
- Twelve rescued
Bangladeshi and Indian crew picked up by FAL Shipping tanker off UAE after bitumen carrier sinks.
- Ningbo eyes IPO
Chinese port set to go ahead with delayed Shanghai listing according to president Li Linghong.
- DFDS down
Danish ro-ro player sees 2009 profit cut back, but says markets are improving so far this year.
- Volumes to rise
Container volumes at US ports are set to see continued strong recovery in March, says trade body.
- Tallink mixed
Estonian ferry group sees passenger and freight cargoes decline, but private vehicle numbers rise.
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| MARCH 9, 2010 |
- Maersk focuses on Asia success
- CSAV 2009 losses near $600 million
- MSC in the news, surprisingly
- Long-term approach sought to waterways fix
- KCS buys intermodal terminal in Mexico
- Ex-Army officer nominated for TSA post
- CEVA revenue fell 13% in 2009
- Ulm, freight transport innovator, dead at 60
- Work begins on deep berth at Seagirt
- Calif. port incentive bill introduced
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| MARCH 9, 2010 |
- DFDS stays in black despite the global crises
DFDS manage to stay in black figure after a troublesome 2009 with dramatically fall on most of the groups core market. The final result was a profit of DKK
- Maersk caught between Argentina and Great Britain
A. P. Møller-Mærsk seems to be caught in the middle of an international crisis between Argentina and Great Britain and their old dispute over the sovereignty of the Falkland
- Stena Line in vessel shift
Stena Line has decided to switch vessels on the Gothenburg'Kiel run. Once the newbuildings are delivered to the Hoek van Holland'Harwich run the vessels from the English Channel
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| MARCH 9, 2010 |
- Global 'net surplus' of residual fuel oil
Regional shortages have occurred but global supply should outpace demand, says Poten & Partners.
- Falling prices in Rotterdam, Hamburg
Prices lack direction in South Europe.
- Prices weaken in Middle East
Some players reporting tight distillate stocks in Fujairah.
- Marine pest may hold key to biofuel breakthrough
Scientists examining if unique enzyme could enable conversion of biomass into fuels.
- New trader for KPI Bridge Oil Singapore office
- Asian bunker prices mixed
Singapore, Hong Kong 380 cSt product prices down while Tokyo rises
- Chemoil, Hanjin Shipping may build bunker terminal in Korea
Busan Port Authority reveals potential candidates for project at Busan New Port.
- 'One of world's largest' shipping firms to use new bunker trading platform
Internet-based platform not 'going live' yet to satisfy demand from participants to add more ports and functionality.
- ABS issues 'comprehensive' analysis on 0.1% sulphur operation
Problems anticipated with improperly planned fuel switching procedures and sustained operation.
- Evergreen to post 'small profit' in 2010
Plans to raise freight rates on main trading routes.
- SkySails trial system onboard Germany's largest fishing vessel
Initial tests will adapt the fuel saving kite propulsion technology to meet the needs of the fishing industry.
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