 | web site |
| MARCH 11, 2010 |
Shipping News
- Baltic Trading taps US$228m in NYSE listing
Baltic Trading Ltd, the New York-based shipping company formed to operate dry-bulk vessels, raised US$228 million in its initial public offering after selling shares at the low end of its price range.
- China Navigation opens head office here
With the hard work and the active encouragement of the Maritime and Port Authority (MPA), Singapore saw yet another big shipping industry player set up shop with the Swire Group's deep-sea shipowning and operating arm China Navigation Co (CNCo) opening its new head office at The Concourse this week.
- West-bound container trade rises 10.6% in Jan
Ship container volumes from Asia to Europe rose for a third consecutive month in January, growing by over 10 per cent year on year in the biggest monthly rise since records started in October 2008, data on Tuesday showed.
|
 | web site |
| MARCH 11, 2010 |
- Port Tracker upbeat, expecting 13pc hike in US March box traffic
- Ningxia aims for 43 million tonnes of rail cargo this year
- Maersk three-year charters on five 13,000-TEU megaships
- Fujian to increase customs clearance simplification on all trade cargo
- NYK purchases stake in Tata Logistics arm
- Eight bids arrive to run new JNPT, but no interest from China
- CAI beats quarterly estimates, shows strong growth potential
- Rail inefficiency causes 62pc of Canadian shippers big losses: study
- Cathay Pacific announces record US$604.4 million profit for 2009
- Air China to suspend Chongqing-Japan Centrair Airport line
- New cargo carrier Deccan 360 copies low-fare biz plan
|
 | web site |
| MARCH 11, 2010 |
- Exim Transtrade selects Softlink's Logi-Sys
- Oil traders eye Malacca Strait alternative route
- Single-hull ships phase-out not seen impacting charter rates
- 'The 3 sisters' the sailors dread
- NYK Group sends free shipments to Chile quake victims
- Germany sees good prospects for tech textiles, offers help
- Govt realises need for corporatisation of Major Ports
- Port projects mired in red tape-CAG
- Kasez leads by dazzling performance
- SEZs being allowed to sell electricity anywhere
- Fiscal restraint vital, says FM
- Plethora of high bank charges crippling exports-Fieo President
- High-level panel formed to look into soft credit issue
- Another year of interest subsidy to garment exporters sought
- Export sector created 91 pc of jobs in Q3-Survey
- India 123rd among 163 'green' performers
|
 | web site |
| MARCH 10, 2010 |
- Eaton celebrates hybrid power success
Eaton Corporation, an industrial manufacturer based in Cleveland OH (USA), has announced that its customers who use the company's 2,400 hybrid systems have collectively accumu...
- Australian iron ore mine wants transporters
The Australian mining company Western Plains Resources (WPR) has commenced the tendering process for the Peculiar Knob iron ore mine near Coober Pedy in South Australia. The firm i...
- PD Ports receives award from leading UK retailer
PD Ports, the operator of Teesport in northeast England, has been crowned as the most outstanding service carrier of the year 2009 by leading UK retailer Asda, at its annual nation...
- Strikes on hold at LH Cargo
The German airline Lufthansa has told customers not to expect any strikes for the time being. There was a recent walk-out due to a wage dispute between the pilots' union Cockpit an...
- Horizon Lines appoints new senior vice-president international services
Horizon Lines has named Brian Taylor as senior-vice president of international services to support the development of the line's new Asia service. This sailing will be operate...
|
 | web site |
| MARCH 10, 2010 |
- Baltic Trading prices IPO
|
 | web site |
| MARCH 10, 2010 |
- Port of Port Angeles welcomes first log ship in decade
- Port Tracker Report predicts string of gains for box ports
- Corps sets schedule for Willamette Falls Locks
- Cost cutting measures place Port of Seattle on positive ground
- New Evergreen web site highlights environmental work
|
 | web site |
| MARCH 10, 2010 |
- Kjaedegaard slams timing of UK light dues change
Move to reduce planned increase from 43 pence per net registered tonne to 41 pence attacked
- Industry renews attack on planned UK light dues rise
- Baltic Exchange trial rate aims at paper trade
New voyage rate assessment on key iron ore shipping route from India to China
- Paragon moves from Nasdaq to New York
Owner to begin trading on NYSE on March 24
- German one-ship companies form new pool
ER Schifffahrt and MPC Steamship to add a total of 22 2,500 teu containerships
- Concerns raised over IMO energy index
Chemical and product tanker owners fear impact on their sector
|
 | web site |
| MARCH 10, 2010 |
- China exports rise nearly 46%
BEIJING said today exports climbed 45.7% in February, compared with that month of 2009
- China's Sinotrans plummets
PROFITS crashed 69% last year, Sinotrans Shipping, the drybulk division of Sinotrans Group, told Hong Kong stock exchange today
- Undersea cable upgraded
ALCATEL-LUCENT has completed the upgrade of a 22,000km submarine cable system linking the US with Latin America, IHS Global Insight reported today
- US tanker spill tied to wind
THE US Coast Guard hearing into the biggest oil spill in the Texas for 15 years continued today, after opening with a dramatic collision description
- Cautious Unifeeder grows
LEADING European feeder box line Unifeeder has increased the chartered ships it operates to 35, a Gdansk conference heard today
- China to use North Korean port
A PORT deal has been signed with North Korea that will give China direct access to the Sea of Japan, IHS Global Insight reported today
- Baltic Trading raises $228M
BALTIC Trading has priced its IPO at $14 per share, one of the offering's underwriters told Fairplay today
|
 | web site |
| MARCH 10, 2010 |
- Korean Air Cargo Demand, Pricing Soar
- NY-NJ Clean-Trucks Plan 'a First Step'
- NY-NJ Port to Seek More Grants for Clean-Trucks Plan
- CSCL Settles with FMC for $440,000
- Logistics Employers Fear Card Check Legislation
- Evergreen, CSCL Add Intra-Asia Service
- TSI Freight Index Rose 0.4 Percent in January
- Kroger Improves Fleet Efficiency 7 Percent
- Senate Holds FAA Bill over FedEx-Union Issue
- NY-NJ Port Issues Clean-Trucks Plan
- Profit Slides for European Freight Ferry DFDS
- Reddaway Teamsters Reject YRC Contract
- Asia-Europe Container Cargo Soars
- American, BA, Iberia Offer to Cede Airport Slots
- Frankfurt Cargo Soars 30 Percent in February
- India Container Traffic Grew 3 Percent
- NYK, "K" Line Alter Container Ship Orders
- Shippers Increase Use of 3PLs
|
 | web site |
| MARCH 10, 2010 |
- Asia-Europe cargo still rising
- DHL improves, but still remains financially challenged
- DFDS: 'among best in class'
- Now OOCL limit booking window
- OTAL improves its African links
|
 | web site |
| MARCH 10, 2010 |
- Chilly reception
Baltic Trading shares dip on debut but analysts are bullish after New York's first post-crash IPO.
- Baltic IPO hot
Genco spin-off Baltic Trading hits the mark pocketing $300m from its initial public offering.
- Sinotrans suffers
Weaker bulker and tanker markets lop big chunk off Chinese owner's 2009 profit.
- Seattle surprise
Port of Seattle posts positive results despite a steady decline in container traffic.
- Moving downtown
Michael Bodouroglou-led Paragon to ditch the Nasdaq for a new listing on the New York Stock Exchange.
- Capital crew die
Food poisoning suspected in deaths of three seafarers on Evangelos Marinakis-led Capital tanker Arionas.
- Manila move
Evergreen and CSCL launch boxship run to Philippines and Thailand.
- Majority minded
Shashi and Ravi Ruia to keep control of Essar Shipping even if part of shareholding stake is sold.
- Hegnar hikes
Hurtigruten chairman Trygve Hegnar finds $20m to boost his holding in the shipowner to over 25%.
- Missing the boat
Window of opportunity for rock-bottom newbuilding orders has already closed, analyst says.
- Emergency stop
Finnish ro-ro Viggen puts brakes on quickly as engine suddenly goes into reverse as it leaves port.
- Divi view doubles
Analyst hikes dividend forecast for Frontline due to its high exposure to stronger spot market.
- MOL bulker sold
Japanese owner Mitsui OSK Lines collects nearly $20m from handysize sale, brokers say.
- Blown off course?
High winds and poor visibility may have led to Texas smash and oil spill involving AET's Eagle Otome.
- Yard drop
Korea's Hyundai Heavy forecasts another drop in newbuilding demand this year.
- Dim view
Ratings agency Moody's changes Sovcomflot's outlook to negative after trying times in tanker markets.
- Chilean comeback
Major ports of San Antonio and Valparaiso nearing full capacity following huge earthquake.
- Suez rises
Egyptian canal enjoys second monthly rise in revenues despite vessel transits falling again.
- Caspian coup
Azerbaijan state owner CSC posts big rise in cargo volumes for 2009.
- Glencore suffers
Ivan Glasenberg-led commodities giant sees full year profits decline 43% on weak prices.
- Dalian lower
China's second largest oil port sees full-year profits come in over one quarter lower than a year ago.
- Kamsarmax fixed
Polys Hajioannou's Safe Bulkers pens a new contract for one of its ships axed by Daiichi last year.
- Melbourne up
Australian port makes strong start to 2009 with 12% year-on-year increase in container volumes.
- Bus bother
Danish ro-ro Vesborg returns to port after oil fire in coach on vehicle deck.
|
 | web site |
| MARCH 10, 2010 |
- OOCL narrows booking window
- Seaspan takes delivery of two ships
- Cathay scores profit in 2009
- Air France-KLM to publish rates on OAG system
- Mexican trucking issue rolls over U.S. exporters
- Table grape import boost requested to assist Chile
- Descartes sees profit dip, revenue up
- Team 3 Logistics to support Southeast auto sector
- Damco to manage Michelin's Vietnam imports
- Mandrin leads Geodis groupage division
- Corpus Christi port seeks more cotton
|
 | web site |
| MARCH 10, 2010 |
- D/S Norden still in black after a dramatic year
Dampskibsselskabet Norden managed to navigate through 2009 with success and presented the shareholders with another profit of DKK 217.2 million. It is not as much as the year before
|
 | web site |
| MARCH 10, 2010 |
- Prices largely stable across Europe
24-hour strike scheduled in Greece for Thursday.
- Oil prices jump on US inventory data
Signs of increase in US oil demand boost oil prices in early trading.
- Mid-week prices mixed
Durban prices remain unchanged from Tuesday's average.
- Markets show indecisiveness
Questions remain as to whether crude oil has found a new trading band.
- Company claims 'breakthrough' in pour-point research
Andatee CEO says additive will boost demand for its marine fuel.
- Oman bunker port could compete for Fujairah traffic
'We would not have entered the market if we did not believe we could be price competitive,' SMP tells Bunkerworld.
- Fuel problems linked to decline in crew standards
Cost-cutting has led to the recruitment of 'less qualified personnel'.
- Management changes at Chemoil
Emilio Heredia takes over as Vice President, Trading for the Americas, following Douglas Long's resignation.
- Bunker prices down on sluggish demand
Bunker prices in key Asian ports weaken mid-week.
- Glencore net profit plunges 43%
Global commodity trader believes 'factors which drove recovery' in 2009 will continue in 2010.
- Asia to see heavy fuel oil inflows in April
Volumes lower compared to March but still considered heavy.
- DNVPS appoints new regional manager in Fujairah
Gunnar Kjeldsen replaces Colin Holloway.
- Hong Kong supplier eyes Singapore accreditation
Vermont has started bunker trading and chartering bunker tankers in Singapore.
- Singapore court to hear corruption case
Former employee of Chevron to face trial on March 22.
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
