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| AUGUST 11, 2010 |
Shipping News
- Marine engineering, the rush for wind - and urban solutions
MEN and women who go to sea in ships develop a special ethos. Mariners work in a hostile and unpredictable environment over which they have no control. A unique blend of vigilance and adaptability is bred from operating huge industrial structures within the ever-changing forces of wind, waves and currents, varying from calm to storm, tropical to arctic.
Strait Talk
- Container ships: is bigger better?
THERE was some good news from the liner trades last week. Neptune Orient Lines (NOL) swung back into the black with a second-quarter net profit of US$100 million, reversing a net loss of US$146 million a year earlier.
Motoring
- General Motors takes the sub-prime route to its expected IPO
There goes the General Motors (GM) pre-IPO roadshow. President Barack Obama visited Detroit last week and declared: 'We expect taxpayers will get back all the money my administration has invested in GM.'
- Honda to cut Japan output 4% after subsidies end
Honda Motor Co plans to reduce its Japanese car production by 4 per cent in October compared with the July-September quarter, in what would represent a small impact from the end of government subsidies to stimulate demand.
- Jianghuai to invest 30b yuan in green cars
Chinese carmaker Jianghuai Automobile Co said yesterday it plans to invest about 30 billion yuan (S$5.9 billion) in production of clean- technology vehicles through a partnership with Yang Rong, a Chinese car tycoon who fled the country after being accused of economic crimes.
- Petition wants firm to stop renting recalled cars
- China car sales may rise to 16 million this year
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| AUGUST 11, 2010 |
- India closes Mumbai ports after MSC ship and bulker collide
- Shipowners call for justice, slam release of Somali pirates
- Hormuz Strait MOL tanker bombing now linked to terrorists
- China food cold chain enhanced to cut crippling spoilage rate
- Cosco takes delivery of 5,100-TEU ship for transpacific
- First stages of China-ASEAN rail network completed
- Charleston South Carolina, up 19pc, accommodates 8,000-TEU ships
- Vancouver fears cargo loss to US as productivity pace slackens
- Famous Pacific warns of logistics risks in inward investment
- Hong Kong's AAT moves 44pc more air freight in July
- Atlas Air Worldwide second quarter profit triples
- IATA e-freight goes live in 58 US airports
- BioStorage Technologies approved as air cargo screener by TSA
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| AUGUST 11, 2010 |
- SCI offers novel 'coastal' service
- Hire rates for Capesizes dip
- Call to end 'damaging' cycle of rate fluctuations
- Connection & enterprise-the unholy nexus
- IWAI clinches NTPC deal for ferrying coal to Bengal, Bihar power plants
- MSC adding Port Pipavav to ISES service in mid-Sept.
- Apparel exporters dismayed over child labour tag
- Interim anti-dumping duty slapped on PVC flex films from China
- Services exports fall in 2009-10
- Imports piling up at ports as exports-laden rakes get scarce
- MoS encouraging competition for port projects
- 3. Mumbai Port not to handle dangerous goods listed under IMDG Code
- Orders for Airbus jets soar
- Now, Railways dreams of dedicated car export freight corridors
- DMRC pays back JICA Rs 560 cr.
- BIFA invites entries for awards thru' microsite
- Fieo fears more rate hikes
- Sweeping tax reforms on way
- CLSS 2010 is about the company you keep!
- Guangxi developing into major Asean trading hub
- EEPC to open office in Ahmedabad
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| AUGUST 9, 2010 |
- High US weather cancellation rate in February
The US bureau of transportation statistics (BTS) has published a special report entitled "Effects of the February 2010 Snowstorms on Airline Performance", describing how ...
- Beijing municipal government planning new airport
The Beijing municipal government has been assessing conditions in the district of Daxing to the south of the city, where it may want to locate a new international airport. Municipa...
- UPS expands presence in Indonesia and forms alliance
UPS has expanded its alliance with local domestic courier PT Tiki Jalur Nugraha Eka Kurir (JNE) to extend pick-up and delivery services for international express packages in all of...
- Pacer International reports Q2 results
Pacer International Inc, an asset-light North American freight transportation and logistics services provider, has reported its results for the period to 30 June. Revenues increase...
- World Courier expanding global clinical trial logistics network
World Courier expanding its clinical trial supply chain services network, which is GMP compliant, to 13 strategic and emerging markets. It is establishing a new 135,000 sqft region...
- Asiana now operating Seoul-Nanjing route daily
South Korean Asiana Airlines reports that with effect from today 9 August it is increasing the frequency of its service between Seoul Incheon and Nanjing (China) from four flights ...
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| AUGUST 10, 2010 |
- Chinese buyer swoops on Friede Goldman
- Waller power barges set for launch at Signal
- Matt Simmons dies at 67
- Gibbs & Cox names new Chief Executive and President
- MARINE LOG RADIO: Carbon War Room's Peter Boyd
- APL to receive NAMEPA award
- Rand Logistics reports increased revenues
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| AUGUST 10, 2010 |
- Newport Port Commission hears status of NOAA project
- David Matsuda sworn in as new Maritime Administrator
- Trucking association names Grand Champion driver for 2010
- Port of Coos Bay names new Chief Operating Officer
- New logistics research center set for development in Panama
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| AUGUST 10, 2010 |
- Economou eyes more box deals
DryShips boss ready to pounce on good investment opportunities in the box sector after surprise stake in Danaos
- Economou to take 10% stake in Danaos
- New horizons, traditional base
- Posidonia 2010: New horizons, traditional base
- Ridgebury unveils plan to buy Teekay suezmaxes
Company intends to buy quartet using proceeds from a raised IPO
- Ridgebury goes it alone with IPO
- Yangzijiang posts record quarterly profits
Singapore-listed Chinese yard enjoys the fruits of pre-financial crisis contracts.
- Chinese shipyards on the rebound
- July crude imports fall as Chinese trade growth slows down
Iron ore imports reflect cooling commodities demand as production glut hits steel...
- Buoyant asset values mask lack of confidence
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| AUGUST 10, 2010 |
- Chemoil swings to profits
SINGAPORE bunker supplier Chemoil posted a return to profits today following cost cutting and improvement across most of its market segments
- New LB port bridge voted
OFFICIALS at Long Beach's port have voted to approve building a bridge high enough that bigger ships can pass beneath. Full Story
- New suitor seen for SeaFrance
LD LINES and Brittany Ferries might rescue troubled operator SeaFrance, a French union representative has told Fairplay. Full Story
- Charleston port suit settled
A LAWSUIT over green issues at Charleston's port has been settled
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| AUGUST 10, 2010 |
- Ted Stevens Dies in Alaska Plane Crash
- NYK Postpones Oakland Chassis Withdrawal
- LaHood Predicts High-Speed Rail Soon
- Patriot Rail Buying Weyerhaeuser Short Lines
- Change in Maritime Law Would Lift Liability Limits
- Western Express Founder Wise Dies at 60
- Roadrunner Revenue Rises on Trucking, Logistics
- Chinese Export Surge Slows
- Rail Freight Bounces in July
- MSC: Other Ship in Mumbai Collision at Fault
- EPA Helps Owner-Operators Retrofit 300 Trucks
- All Nippon Airways Gains Cargo Market Share
- Two Indian Ports to Remain Closed a Week
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| AUGUST 10, 2010 |
- CSAV the first carrier to trade box derivatives
- Turk in pole position at ADC
- Both JNP and Mumbai ports remain closed
- US bill seeks to boost rail investment
- Sinotrans in HI profits nosedive
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| AUGUST 10, 2010 |
- Euroseas lands boxship boost
Top brass at Greek owner says two boxships are back in business and another pair is on the way as market rebounds in Q2.
- Star glows amid Wall Street beat
Akis Tsirigaki-led bulker owner sheds red ink as cost control helps boost the bottom line in Q2.
- Yangzijiang emerges on top
Singapore-listed shipbuilder sees profit soar 32% in the second as backlog tips $5.2bn.
- Ridgebury eyes Teekay quartet
Bob Burke-backed Nasdaq float could target $300m as fourth tanker lands in crosshairs.
- STX scores second drillship deal
South Korean construction clan bags another Noble order but a Dutch outfit has nabbed a piece of the $550m pie.
- Crude makes 'exceptional' start
Evangelos Marinakis-led shipowner pays substantial dividend as its second quarter performance leaves rivals trailing.
- Capital in $55m cash grab
Nasdaq-listed tanker owner targets share sale haul to pay for latest new arrival.
- Rand beats the bulker 'blues'
Great Lakes owner beats the street as fresh fiscal figures follow an 18% surge in quarterly revenue.
- Baltic goes to market
Bulker owner turns to shareholders for nearly $130m just hours after announcing its first dividend payout.
- Death at MSC Chitra smash site
Indian police man drowns while patrolling waters near site of collision between boxship and bulker.
- Crude scores another $50m
Tanker owner secures additional funds from Nordea as Shell takes on one of its VLCCs on a one-year deal.
- Cosco Guangdong bags bulker brace
Unidentified Asian owner splashes out low $55m for supramax bulker pair at Cosco Corp yard.
- Eitzen Chemical in French retreat
Oslo-listed owner shuts up shop at old Navale Francaise office as it reports a wider second quarter loss.
- Bulker death in Great Lakes
Crewman of laker Stewart J Cort crushed in conveyor belt accident near Devil's Island.
- Baltic makes maiden payout
Peter Georgiopoulos-led Baltic Trading pays first dividend after profitable second quarter.
- MSC leak 'not substantial'
Shipmanager knocks back suggestions of huge oil spill from MSC Chitra as salvors ready plan.
- Hashim back on buying trail
Precious Shipping plans to resume 25-strong bulker spending spree in the fourth quarter, CEO says.
- Crude slip shows China cooling
Slump in Chinese oil imports raises concern but there is better news on the iron ore front.
- Chilly quarter for Toei Reefer
Japanese reefer owner plummets to first-quarter loss despite revenue gain with year looking weak.
- Great gets greater in first quarter
Indian owner Great Offshore grows profit as costs slashed but figure well down on fourth quarter record.
- Red start for Kuribayashi
Japanese ro-ro owner posts loss in first quarter but eyes return to profit this year on improved sales.
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| AUGUST 10, 2010 |
- Suez gun law catches carriers in crosshairs
- MSC hikes rates from Med to U.S.
- Court: Man smuggled guns to battle pirates
- Bill offers tax incentives to rail expansion
- Rail traffic up in June
- Marine highway, Egyptian style
- CBP allows Avaya sales to U.S. government
- Avalon names Lanouette VP of L.A. office
- Agmoni heads Damco Asia-Pacific air cargo
- Workers clear containers in Mumbai harbor
- Panama Canal opens Pacific approach bids
- Port of Montreal names Couture VP
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| AUGUST 11, 2010 |
- STX to build two anchor handlers
STX Norway Offshore has through its Brazilian subsidiary signed a contract with Norskan Offshore to build two AHTS-vessels (Anchor Handling Tug Supply) for delivery in 2012 and 2013. The
- Donsö-based shipping company orders newbuildings
Donsö-based Northern Offshore Services AB, which specialises in crew vessels for windpower projects at sea, is expanding heavily. The next newbuildings will be delivered in the first half of
- First docking at Fayard's Lindø facility
Fayard, formerly named Fredericia Skibsv'rft, had its first docking at the new facility at Lindø on Monday this week. The very first vessel was the Swedish flagged ro-ro Stena
- Danish Navy celebrates 500 year anniversary
The Danish Navy celebrated its 500 year anniversary on August 10 with a parade in Copenhagen with a large number of warships present, including a number of foreign warships. The
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| AUGUST 10, 2010 |
- Prices down in Rotterdam, Hamburg
Tight avails of HS product in Hamburg.
- Bunker prices falling in the Middle East
NYMEX showing losses of more than $1 in early trading.
- Korean fuel oil market facing fundamental change
Fuel oil imports will become competitive, says Chemoil.
- Average fuel quality well within new ISO 8217 limits
DNVPS data from the first half of 2010 indicate most parameters would meet revised specification limits by a clear margin.
- Report claims 800 metric tonnes of bunker fuel leaked off Mumbai
But ship operator says true figure is not substantial.
- Tankers secured for new English Channel bunkering station
One of the vessels bigger than originally planned 'in response to predicted demand being greater than initially expected'.
- Price movement mixed at major ports
Supplies ample at all key Asian ports.
- Bunkering operations halted at Indian ports
Operations at Jawaharlal Nehru and Mumbai hit by oil spill, fallen containers.
- Lower bunker costs boost freight income
Chemical carrier saves $3.3 million in voyage expenses.
- LNG-powered ship completes first navigational test in Chinese waters
China Natural Gas to expand the use of LNG-powered ships along the Yangtze River.
- Chimbusco International launches in Singapore
Aims to become a physical supplier in Singapore 'in the near future'.
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