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| AUGUST 12, 2010 |
Shipping News
- Island of ice poses risks to oil platforms and shipping lanes
An island of ice more than four times the size of Manhattan is drifting across the Arctic Ocean after breaking off from a glacier in Greenland.
- India tells salvagers to speed removal of containers
India told salvagers to quicken work clearing hundreds of containers ditched into the sea off Mumbai's coast as the nation's busiest cargo-box harbour remained closed for a third day.
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| AUGUST 12, 2010 |
- Government orders Mumbai box debris cleared by Saturday
- Sinotrans first half profit off 8.7pc as interest income shrinks
- Manila's ICTSI first half profits up 83pc to US$42.2 million
- Panalpina to pay US$375,000 to have US bribery charges dropped
- Shanxi railway cargo volume rises 17.7pc
- Hunan's sea freight volume rises 11.4pc
- Macau's exports shrink 7.1pc in first half of 2010
- KMTC, Sinotrans open new Korea-China-Indonesia service
- Cronos increases owned assets to US$1 billion
- WWL, ROLF SCS to join forces at Russian, Baltic terminals
- Carex offers shared box shipping from Germany to New York
- Memphis, Hong Kong, Shanghai ranked top world air cargo hubs
- Expeditors International quarterly air cargo sales up 54pc
- AMI appoints UK GM bespoke sales
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| AUGUST 12, 2010 |
- Shipowners slam release of Somali pirates
- Shipping fortunes taking severe hit-Kalantri
- UPS launches new tool to give importers more control
- Tanker owners may suspend leasing with rental rates plunging
- More wake up & smell the coffee!
- Quarantine norms for Canada's pulses to be eased
- More main line operators being drawn to hub port on East Coast
- United India to bear losses incurred by JNPT for channel closure
- Fuel crunch feared next week unless channel is cleared
- Cabinet Secretary asked to monitor cleanup
- Channel passage possible by tomorrow?
- CONCOR changes course to facilitate ex-im trade
- IATA e-freight goes live at 58 US airports
- AMTOI Annual Day on Aug. 20
- India: Population growth declined by 11 pc in 10 years
- Over Rs 2,305-cr. FDI proposals cleared
- Interest subsidy benefit for more sectors
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| AUGUST 10, 2010 |
- Via Mat group opens new Geneva office
Via Mat International and Mat Securitas Express have opened a joint office in Geneva (Switzerland), where they have been present since July. The two partners will provide firms in ...
- Rhenus takes over Austrian file and data destruction specialist
Rhenus Office Systems took over the Austrian company Exakt Datenschutz with effect from 22 July. Exakt specialises in destroying file and data discs. The move for a leader in this ...
- Penske Logistics wins new Ford contract
Penske Logistics has gained more business from Ford, which has selected Penske as a logistics provider at its truck plant in Dearborn MI (USA), where the F series of trucks is asse...
- GMG inaugurates Saudi Arabian services
The Bangladeshi carrier GMG Airlines has launched services to Saudi Arabia. The airline has been offering thrice-weekly Dhaka-Riyadh links since 7 August, and four weekly Dhaka-Jed...
- New joint Southeast Asia-Middle East service from Evergreen, Simatech, OOCL
Evergreen Line, Orient Overseas Container Line (OOCL) and Simatech Shipping are set to operate a new joint Southeast Asia - India - Middle East liner service from 20 August. The As...
- Ethiopian Airlines suspends services to Djibouti
Ethiopian Airlines has temporarily cancelled flights to Ethiopia's neighbouring country Djibouti, due to a dispute between the airline and the Djiboutian authorities over the type ...
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| AUGUST 11, 2010 |
- NTSB seeks crack down on cell phone use by USCG crew
- VT Halter Marine delivers ATB
- Marine Highways program gets a road map
- ShipArrestor system completes trial
- STX Brazil Offshore books AHTS order
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| AUGUST 11, 2010 |
- Vancouver, USA port board Oks land sale to Farwest Steel
- Wallenius Wilhelmsen Logistics earns Toyota performance honor
- Evans Delivery Company presents annual scholarship
- BTS freight transport index posts gains during June
- Genco Shipping & Trading adds two vessels to fleet
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| AUGUST 11, 2010 |
- Star Bulk wins security for Oldendorff bulk carrier
Action stems from German operator's alleged repudiation of a charter relating to capesize Star Beta
- Secondhand 'drought' pushes Star Bulk towards resales
- Vessel drought may bring new orders
- Star Bulk trounces expectations
Dry bulk owners records profit in second quarter
- Small bulkers come out trumps
- HCI Capital agrees bank debt for equity swap
Latest deal follows a restructuring agreement reached in February to deal with HCI's...
- Lloyd Fonds rescue deal raises questions over...
- Damco expands into chemical logistics in Asia
Singapore-based Goetz von Dresky appointed to head the drive
- Inventory level uncertainty keeps supply...
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| AUGUST 11, 2010 |
- Captain fined over pollution
GEORGIAN authorities at Poti's port have reportedly detained the bulker Great Majesty on suspicion of pollution
- Ice island could imperil ships
AN HUGE ice island separated from Greenland could pose a major hazard to shipping lanes, academics are warning
- Oz could holler: 'timber!'
TIMBER shipments to Australia from Indonesia and Papua New Guinea could fall if an Australian proposal is introduced, IHS Global Insight reported today
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| AUGUST 11, 2010 |
- Trailer Bridge Boosts Second Quarter Profit
- Railcar Owners Pulled 5,808 Out of Storage in July
- Supply Chain Insight: Ocean Carrier Contracts and Agreements
- Freight Shipments Inched Upward in June
- Sunteck Transport Parent Improves Sales, Profit
- DOT Backs Eight Marine Highway Aid Projects
- Samskip Increases Oslofjord Frequency
- Rotterdam Breakbulk Tonnage Surges 21 Percent
- Trade Deficit Makes Record Jump
- Hapag-Lloyd Earns Record $294 Million Profit
- Port of Mumbai Bans Hazmat Shipments
- MSC to Expand India-Europe Service
- MSC Chitra Oil Leak Plugged
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| AUGUST 11, 2010 |
- MSC Black box blames bulker
- Transatlantic rates rise above pre-recessionary highs
- Pakistan floods not affecting port operations
- Asia/Europe freight rates still stable
- CT presses home Fuelwise advantages
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| AUGUST 11, 2010 |
- Stocks flop amid BDI boost
DryShips hit hardest as US-listed drybulk owners watch shares slide despite record rally on BDI.
- USCG steps up LRIT enforcement
Three vessels land in hot water as US authorities crack down on SOLAS violations.
- Seaboard mulls bulker splash
US-listed liner giant still thirsty for tonnage as top brass mulls multi-sector spending spree.
- Hope for HCI after bank pact
KG house looks to ditch $2bn headache after striking debt to equity swap with two banks.
- Princess on the block?
Felipe Menendez-led Ultrapetrol is on the fringe of offloading its last OBO, the Princess Katherine.
- Sevan seals hummingbird deal
Oslo-listed offshore outfit dips into $200m bond pot to splash cash on FPSO takeover.
- Korean raided in yard fund probe
Computers and documents seized from Daewoo Shipbuilding contractor in 'slush fund' probe.
- WW is 'value on wheels'
Recovering car-carrier market helps draw a buy rating for Wilh Wilhelmsen from Pareto Securities.
- Sven Rong dies at 59
GC Rieber Shipping boss Sven Rong has died during a hike in the Bergen mountains, the company revealed this morning.
- Frontline dropped to 'sell'
Arctic Securities says Q4 is the time to cash in your chips as it warns of a "period of weakness" for tankers.
- Tax a tonic for Chemoil
Singapore-listed bunker player has tax credit to thank for profitable second quarter.
- Fesco volumes soar in first half
Improved economies in Russia, Southeast Asia and China raise volumes at Russian boxship owner.
- 'No surprises' from Deep Sea Supply
John Fredriksen controlled offshore owner matches market forecasts in the second quarter.
- MSC: 'Khalijia 3 in error'
Swiss owner points to 'unexpected' manoeuvring from Indian bulker as possible cause for MSC Chitra smash.
- Dof bags Brazilian twins
Helge Mogster pens two AHTS newbuildings at STX to fill mega Petrobras charter.
- Solstad pair land work
Murphy Sabah Oil hires two anchor handlers for term work off Indonesia at an "acceptable" rate.
- HHI in $2bn Korean refinery buy
Shipbuilding giant looking to expand energy portfolio with splurge on Hyundai Oilbank Corp.
- Interest costs hammer Bharati
Indian shipbuilder's first-quarter profit down despite sales gain as interest expenses soar.
- Namura profit plunges in first
Japanese shipbuilder sees damage below the operating line in first quarter as revenues remain steady.
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| AUGUST 11, 2010 |
- Hapag-Lloyd has best quarter ever
- Danaos restructures debt, sells stock
- MSC: Chitra not at fault in Mumbai collision
- Air cargo industry clears screening hurdle
- Cathay July volume up 18%
- Quebec-to-Toronto transit time cut
- Coal shipments on Great Lakes rise
- PeopleNet partners with PAR Logistics
- Kerry, Brunei launch Halal brand
- FMC reviews 13 OTI license applications
- Long Beach to replace Gerald Desmond Bridge
- New Mobile turning basin opens
- N.Y.-N.J. port to cold iron cruise ships
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| AUGUST 11, 2010 |
- Rieber Shipping's CEO dies
The CEO of Rieber Shipping, Sven Rong, has died ' "Mr. Sven Rong, 59, died yesterday during a hike in the mountains surrounding his cottage in Hardanger outside Bergen, Norway. He
- Dansk Bjergning & Bugsering sells tug and charters another
Dansk Bjergning & Bugsering A/S, DBB, has sold its tug Katrine to the Belgian operator Belgian Deme Group (Dredging Environmental & Marine Engineering) in Zwijndrecht. The vessel, which will keep its
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| AUGUST 11, 2010 |
- Markets ignore stockpile numbers
Demand fears driving dip in prices.
- Bunker prices falling across Europe
Crude showing further losses in early trading.
- Fujairah: IFO prices weakening
NYMEX showing losses of more than $2 in early trading.
- Fuel oil values hit as cutter stock tightens
KPC cracked 380 centistokes (cSt) parcel sold at discount against Middle East spot quotes.
- Ominous outlook for UN climate deal after Bonn
Negotiations suggest widening chasm between industrialised and developing countries ahead of UNFCCC meeting in Mexico.
- Bunker spill a 'disaster'
Captain facing charges.
- Fuel oil tariff expected to rise
Russian export duty set to climb by some 4%.
- Marine fuel prices dip mid-week
Supplies starting to tighten at some major Asian ports.
- Mumbai and JNPT ports to resume operations on Sunday
Efforts are underway to remove remaining bunker fuel from the stricken ship MSC Chitra.
- China's largest fuel oil blending facility ready by 2013
Blending facility to process 10 million mt of fuel oil per year, sources say.
- Brightoil to resume MGO deliveries in Shenzhen
Barge will return to service on August 20, say company sources.
- Chemoil remains in the red for H1
Despite recording a profit in the second quarter period.
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