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| DECEMBER 10, 2010 |
Shipping News
- Vale's mega ships to stall maritime recovery for years
The rollout of the world's largest dry bulk carriers by Brazilian mining giant Vale in 2011 will slash the cost of shipping commodities and choke off a recovery in the freight market for years.
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| DECEMBER 10, 2010 |
- DHL's LCL Shanghai-Atlanta LA bypass 'cuts transit 7 days'
- No more saved in HK ship-barge collision, search continues
- Dimerco Express opens fourth office in Vietnam
- ECU LINE expands INTTRA network following pilot
- US-India trade hits US$38.5 billion in 2010
- Freight rate hikes seem unlikely in January due to high inventory levels, modest capacity cuts
- Aloha Air Cargo adds two Saab 340 turboprops
- Cargo aircraft clips wing of passenger jet at O'Hare
- Over 30 Chinese airports to get connected with high speed rail
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| DECEMBER 10, 2010 |
- Cma Cgm Christophe Colomb becomes 100th megaship to call at Le Havre Port
- Fraudsters too come on board!
- S.O.S. number for stressed seafarers
- Ship movements resumed at KDS
- Bids invited to sell imported pulses
- MMTC to export pig iron
- Tea exports decline
- Trade treaty with EU not to curtail pharma exports
- 12 cos pick up RFQ papers to develop Vizhinjam port
- KPT issues LoIs to three companies
- From scaffold to lofty pedestal-Saga of a US co.
- 'Easy exit scheme' to be revived
- Ficci wants stimulus packages to continue
- FinMin keen on more transparent road project auctions
- IMF chief lauds India's stand on capital inflows
- It'll be $ 220 bn, asserts Fieo
- Limit for duty-free import of samples hiked
- On fast track to inflation, current account deficit?
- PMI for Nov. '10 rises to 58.4
- Question now: By how much will export target be exceeded?
- Rider for pulses processing units in SEZs
- UK envoy sees big business potential in North-East
- Climate now a business bother
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| DECEMBER 8, 2010 |
- Tallink group improves its cargo performance in November
The Tallink group transported 26,408 freight units (+18%) in November. The key figures for the first quarter of the 2010/2011 business year also showed the centre's positive develo...
- Turnover in Germany's inland waterway industry decreases in 2009
Germany's federal statistical office has reported that the nation's enterprises engaged in inland water transportation activities generated sales of EUR 1.27 billion in 2009, a dec...
- Port of Long Beach and Panama Canal Authority sign agreement
Officials representing the port of Long Beach and the Panama Canal Authority recently agreed to a series of efforts to promote trade between Latin America and the USA. The two auth...
- Groupe CAT wins BMW contract in UK
Groupe CAT has won a major new long-term contract from the BMW Group in the UK, becoming the latter's technical services provider at sites in Thorne (near Doncaster) and in Oxford....
- GAC expands UK network with new Sheffield office
Sheffield is the latest city to be added to the GAC Logistics UK network, with the latter opening its doors for business in the city located in Yorkshire (England). GAC's offices a...
- Turners Shipping joins BDP Global Network in South Africa
Turners Shipping, based in Durban (South Africa), joined the BDP Global Network on 1 December, and will now represent the US global logistics provider BDP International's network i...
- German airfreight volumes hit 3 million t in three quarters
German airports handled 3 million t of airfreight in the first three quarters of 2010, according to data released by the German federal statistical office (Destatis) on the occasio...
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| DECEMBER 9, 2010 |
- House approves Navy 20 ship LCS buy
- Cunard appoints first woman capatin
- Sietas books order for wind farm jack-up
- Three Iranian ships set for Sheriff's sale in Singapore
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| DECEMBER 9, 2010 |
- Angeles Composite Technologies eyes Port Angeles industrial park
- Condor Airlines plans Frankfurt flights from Sea-Tac
- NewLead Holdings adds new Kamsarmax vessel
- Corps closing Columbia locks for extended maintenance work
- Four USMMA midshipment earn Crowley Memorial Scholarships
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| DECEMBER 9, 2010 |
- Isle of Man shelf companies to be wound up
Finance vehicles to close after US Treasury Department alleges links to Iranian line IRISL
- An insider's guide to Iran sanctions
- Back to the 1980s for the development of bonds
- Investors head where wind blows
- FMC to collect container line deployment data
Move part of an industry-wide effort to avoid capacity shortages or transport...
- Antitrust debate goes on despite Oberstar...
- Ice-class aframax rates skyrocket ahead of freeze
Charterers pay top dollar to shift crude from Baltic Sea ahead of bad weather...
- The Week Ahead Medium range tankers under pressure in Atlantic
Price window to ship gasoline from Europe to the US closes
- Market searches for fourth-quarter boost
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| DECEMBER 9, 2010 |
- Panama Canal reopened
THE PANAMA Canal has reopened, a day after flooding forced its closure for the first time in more than two decades
- Venezuela, Cuba warnings WikiLeaked
US EMBASSY cables divulged by WikiLeaks have suggested that Venezuela's oil expropriations backfired disastrously and that Cuba is on the brink of bankruptcy
- Paraguay's trade blocked
RIVER trade to and from landlocked Paraguay has been at a standstill for more than 40 days because of a union blockade, IHS Global Insight reported today
- Eurochem acquires rights for Ust-Luga terminal
EUROCHEM, one of Russia's largest fertiliser producers and exporters, has acquired the rights to ship from the Baltic seaport of Ust-Luga, it told Fairplay today
- Chennai clearing box glut
CHENNAI Container Terminal officials said they hope by tomorrow to clear a huge back-up of import containers that mounted during a strike
- US adopts box findings
THE US government has formally adopted recommendations addressing box liner capacity shortages for US exporters
- Mica confirmed as US House T&I chief
JOHN MICA was confirmed by his fellow Republican congressmen as the new chairman of the House Transportation & Infrastructure Committee yesterday
- US 'game' weighs routes
- OceanFreight rocked
- Capesize rate hit seen
- 'Christmas tree' clarity withdrawn in US
- M&As seen constricting China's yards
- Faina truth revealed
- Hanjin seeks rate rise
- Flooding closes Panama Canal
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| DECEMBER 9, 2010 |
- Seaway Cargo Shipments Gain 19 Percent
- FedEx Freight Cuts Canada-U.S. Transit Times
- American Cargo Pilots Arrested for Smuggling
- Obama Says U.S. on Track for Export Goal
- CRST International Promotes Gannon, Hires Labrie
- Congestion Slows Chennai Exports
- DOT Sends Wisconsin, Ohio Rail Money to Other States
- Independent Container Line Restructures U.S. Sales Team
- FMC Capacity Investigation Prompts Further Study
- House Passes Food Safety Bill
- Jaxport OKs Hanjin Terminal Contract Negotiations
- Napolitano, Air Cargo Firms Hold Security Talks
- Lufthansa November Cargo Jumps 18.2 Percent
- Panama Canal Reopens After Flooding
- UPS Eyes Small-Medium Sized European Acquisitions
- Container Ship Charter Rates Fall 30 Percent
- Hanjin Announces 2011 Asia-Europe Rate Hikes
- Q&A: The CSA 2010 Initiative
- Ryder System to Buy Total Logistic Control
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| DECEMBER 9, 2010 |
- TUI confirms time is right to get out of Hapag-Lloyd
- Deutsche Bahn inks MoU to develop China's rail
- Ransom drop pre-empts tanker release
- Cancun: 'more action less talk required'
- Zim Line up but still down
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| DECEMBER 9, 2010 |
- The million dollar club
Elena Mavrogonatou-led wealth management outfit from RBS and Coutts has $1m entry level.
- Great Eastern seals sister deal
Indian owner wraps up raid on another of Greek products tanker, brokers say.
- Cosco tanker held in charter row
Chinese vessel seized in Hong Kong over newbuilding dispute with Germany's Hermann Dauelsberg.
- Panama Canal reopens
Ships resume passage through vital Central American waterway following closure due to flooding.
- Saudi silent on release
Naval force confirms TradeWinds' Tuesday report of Al Nisr Al Saudi freedom but owner mum on issue.
- Gwadar port deal goes to court
Regional Pakistan government wants PSA's 40-year concession to run terminal scrapped.
- Tankers chopped at Mipo
One or more Asian owners axe chemical tankers at Hyundai Mipo Dockyard with $76m lost.
- Polys cans VLCCs at Hyundai Heavy
Greek owner Polys Haji-Ioannou chops tanker twins at Seoul-listed shipbuilder, completing his exit from the sector.
- Ferry link hopes dashed by cuts
Chances of lauching new service between Scotland and Northern Ireland dwindling due to budget reductions.
- One dead in tanker smash
Two more crew from sunken Jan De Nul dredger missing after collision with Crystal Topaz in Westerscheldt river.
- Norborg nets Norden VP role
Dane's dry-bulk chief says appointment of second vice-president "not a strategic change".
- Floods close Panama Canal
Vital South American waterway shuts for first time in 20 years due to severe weather.
- Louis cruiseship in U-turn
Louis Majesty heads back to Malaga after passenger boarded wrong vessel.
- OceanFreight details sales
US shipowner offloads aframax and three bulkers as third quarter results slip due to asset disposals.
- IRISL denies French loan failure
Iranian owner's boss Mohammad Hossein Dajmar says three boxships were not seized because of default to Credit Agricole.
- Tug attacked off Singapore
Ten armed robbers board vessel in the early hours of Wednesday just west of Jurong Island.
- Body found in sunken barge
Third crewman confirmed dead after collision with tanker off Hong Kong.
- ITC overhauls VLCC sales offer
Bond affiliate of John Fredriksen's Independent Tanker Corp revisits auction of Frontline pair as charters near completion.
- DSME wins offshore orders
South Korean shipbuilder confirms orders for a drillship and a semi-submersible drilling rig.
- NOCC notches up another deal
Lars Solbakken-led owner boosts its buying power after shedding shares in one of its older vessels.
- Smokes smuggled on Spanish ferry
Stash of cigarettes found in Colombian passengers' suitcases on Volcan de Tijarafe.
- Ferry saves African migrants
Acciona's Juan J Sister picks up 44 people from inflatable boat off Spain.
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| DECEMBER 9, 2010 |
- FMC urges shipper-carrier collaboration
- Hanjin to raise Asia/Europe rates in 2011
- DHS begins advance data pilot for air cargo
- Air cargo executives meet with DHS secretary
- CBP snuffs Cuban cigars at Chicago O'Hare
- Virginia helps restart rail-barge
- NFL doesn't sway Norfolk Southern worker
- Produce shippers: Food safety bill 'bittersweet'
- Ryder buys logistics firm from grocer
- N.Y.-.N.J. port modifies infrastructure fees
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| DECEMBER 9, 2010 |
- Saudi Arabian vessel freed
The Saudi Arabian-flagged product tanker Al Nisr al Saudi has been freed after being held by pirates for several months, reports EU Navfor. It is unclear whether any ransom
- Growing demand for offshore vessels
The demand for offshore service vessels (OSV) is growing, according to Germanischer Lloyd. There are some 2,500 offshore service vessels worldwide and steady growth is projected from now through 2020
- Lauritzen Kosan takes delivery of LPG carrier
Lauritzen Kosan has taken delivery of the first LPG carrier in a series of six units from the Chinese shipbuilder Yangzhou Kejin in Jiangdu. The vessel has been named Helle
- Last docking at Fredericia
T'rntank AB's chemical and product tanker Tarnbris, 11,289 DWT, will most likely be the very last vessel to dock at Fredericia Shipyard. At the end of the this week, the
- Japan prepares rescue mission for ailing yards
The Japanese government will use subsidies and tax cuts in a bid to help its struggling shipbuilding industry. The Ministry of Land, Infrastructure, Transport and Tourism will shortly announce comprehensive
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| DECEMBER 9, 2010 |
- Prices stable in Fujairah
High volumes and strong buying interest reported in the Suez market.
- Rotterdam market steady
Other European markets see softer bunker prices.
- Lukoil refinery to 'get rid of' fuel oil
Gazprom Neft also mulling building a hydrocracker at plant that is currently a major source of bunker fuel.
- 'Big change' in attitudes to LNG
Shipowners are increasingly warming to the idea, according to DNV.
- Singapore fuel oil stocks rise 8%
Slack demand offset low Western arbitrage inflows.
- Bunker prices lack direction
Mostly low demand at Asia's key bunkering hubs on Thursday, according to traders.
- More share buys for Andatee CEO
Has acquired a total of $0.24 million of shares to-date as part of a $0.5 million share repurchase plan.
- Work to start on Vitol oil terminal in Cyprus
Terminal to have an initial storage capacity of 340,000 cubic metres for gasoline, diesel, jet fuel and fuel oil.
- Chemoil may lease Fujairah terminal to Glencore, Itochu
Chemoil, GPS plan to retain some capacity for their own operations, says CEO.
- Russian oil majors to keep 'equal' bunker share
Lukoil and Gazpromneft to have equal share of low sulphur fuel supply in Russian Baltic ports.
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