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| AUGUST 13, 2010 |
Shipping News
- Baltic Dry Index's 7.5% gain the best in 14 months
The Baltic Dry Index, a measure of commodity-shipping costs, rose the most in 14 months as rents continue to surge for the capesize-class ships that typically haul iron ore.
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| AUGUST 13, 2010 |
- Mumbai's port re-opens to smaller vessels after ship collision
- Hutchison, Cosco Pacific, ICTSI see first half volumes rise
- Maersk's Asia-Europe super-surcharge delayed till August 15
- Hapag Lloyd's third quarter profits shrink to US$96 million
- Suez temporary seizure of guards' guns risks serious delays
- Hyundai Merchant Marine relocates to LA from Long Beach
- China to build world's fastest railway, speeds up to 380 kph
- Carbon taxes and fines hit British business from October 1
- Singapore port authority extends port concessions
- Danaos to buy 18 box ships through stock offering
- Ex-US marine smuggles guns to UK supposedly to fight pirates
- Alternative businesses proposed for Savannah's shelved Jasper Port
- Japan to loan US$18.5 million to Indian rail freight
- Russia's NCC increases first half box volume 30.7pc
- Cathay July cargo volume up 18.1pc to 157,374 tonnes
- Stansted to welcome British Airways jumbo set
- UAL sees passenger revenue miles rise 2.1pc in July
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| AUGUST 13, 2010 |
- SOFTLINK completes 2,000 installations of Visual IMPEX
- SCI & MMTC stake sales may yield over 40K cr. in 2010-11
- A judgment of immense value to all vessel agents
- Essar Group trifurcating shipping, logistics & oilfields services businesses
- Soyameal exports soar
- Ore traffic at Major Ports sinks by 74 pc in April-July
- Partial movement of ships resumed
- APM Terminals Pipapav receives 3 inaugural calls on RKI-CCI service
- DP World cleans up its area & beyond
- FSEZ developers to be offered investment-linked sops
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| AUGUST 11, 2010 |
- Aramex awarded class A Tapa certification for Amsterdam facility
Aramex, a global logistics and transportation solutions provider, said that it has been awarded class A status by the Transported Asset Protection Association (Tapa) for its Amster...
- DB Schenker Logistics offers new shoe logistics sorting facility
DB Schenker Logistics has responded to a growing need in the fashion industry for deliveries to retailers with a new sorting facility in Kolding (Denmark). The new facility provide...
- Tesco renews contract with Norbert Dentressangle
Tesco, the UK's largest supermarket chain, has renewed a contract with Norbert Dentressangle for the management of twelve recycling service units (RSUs) in the UK and Ireland. The ...
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| AUGUST 12, 2010 |
- Texas AG files challenge to drilling moratorium
- OMSA starts hunt for new CEO
- AIDA Cruises orders newbuild at Meyer Werft
- Vigor Marine Tacoma open for business
- STX Pan Ocean gets into OSV market
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| AUGUST 12, 2010 |
- BHP Billiton eyes Port of Vancouver for new potash export facility
- Crowley Maritime launches new articulated tug barge
- Free Port of Tacoma boat tours scheduled during Maritime Fest
- Second quarter financial report shows gains for Port of Seattle
- Vigor Marine operation up and running in Tacoma
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| AUGUST 12, 2010 |
- Knightsbridge sees second quarter boost
Tanker and dry bulk player posts a four-fold improvement
- Top Japanese lines predict rapid rebound in results
- Chinese lines warned dry bulk resilience could be short-lived
- Newlead losses grow in second quarter
- Textainer profit dips despite revenue surge
Interest rate swaps drag results down in second quarter
- OSG tumbles to first quarter loss
- Maersk Tankers chief executive joins DFDS board
Move comes after Danish shipping giant acquires some 32% of Copenhagen ferry operator...
- DFDS seals $440m Norfolkline deal
- Lloyd Fonds returns to profit
Reversal in second quarter follows following restructuring agreement with banks
- How box shipping survived the slump
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| AUGUST 12, 2010 |
- Solstad hot for Southeast Asia
NORWAY'S Solstad Offshore has shown its commitment to the Southeast Asian market by securing two long-term vessel contracts
- Boxes push Rotterdam higher
ROTTERDAM's port said today it had an 18% surge in container throughput in the first half of 2010, compared with H1 last year
- Ships begin leaving Mumbai
SHIPS HAVE begun sailing out of the Mumbai channel, which has been partly reopened after clean-up operations, Fairplay was told today
- Investments hit Teekay Corp
TEEKAY Corp swung to losses in 2Q10, largely because of derivatives losses, while its sister companies reported mixed results
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| AUGUST 12, 2010 |
- Etihad Takes Delivery of First A330
- Ocean Cargoes Push Rail Intermodal Volume
- UPS Adds USPS to Returns Network
- OOCL Buys Atlantic Express Shuttle Slots
- CEVA Boosts Revenue on Higher Volume
- CSAV Swings to Profit
- Trucker New Century Transportation Going Public
- Rotterdam Containers Jump 17.7 Percent in First Half
- Concor Launches Port Nehru Rail Service
- India's Biggest Container Port Partially Reopens
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| AUGUST 12, 2010 |
- Hapag-Lloyd profitability established
- Markets sink in 'choppy recovery'
- MSC Chitra impact to cost USD4 billion in trade
- Pakistan floods devastate crops
- Strong SA rand saps reefer shipments
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| AUGUST 12, 2010 |
- Ultrapetrol sheds red ink
Felipe Menendez-led shipowner keeps head above water in Q2 as river revenue soars.
- Transocean dayrate in doubt
Swiss drilling giant gears up for five-year Eni gig but prime rate could skyrocket in the wake of Deepwater Horizon disaster.
- Sembcorp scores in PPL battle
Skirmish over PPL Shipyard stake heats up as High Court slams move to sway board vote.
- Happy days for Fonds in Q2
German shipping fund manager motors back to black in second quarter after being leathered by poor markets.
- Micky back at Meyer Werft
Carnival Corp takes its tally at the German yard to three after inking 71,300-gt newbuilding.
- Cosco Corp clinches two more
Singapore-listed shipbuilder racks up its second bulker order of the week with $48m handysize pair.
- NewLead logs net loss
Second-quarter costs climb amid aggressive acquisition plan as Michael Zolotas-led owner sinks deeper into the red.
- ESL inks $32m bulker loan
Finnish owner pens loan pact to help bankroll pair of supramax newbuildings.
- Knightsbridge buoyed by VLCCs
John Fredriksen-controlled owner boosts second-quarter profit on tanker market as capes flatten.
- Essar split signals fresh listing
Newly-created Essar Shipping to seek Bombay float after demerger from Indian owner's ports business.
- Shipping spurs strong start
Wilh Wilhelmsen tops bets in second quarter as its shipping division shines.
- 'Sex pest' nabbed on cruiseship
'Most wanted' sexual assault suspect traced to Carnival Splendor using Google and Facebook.
- Dockwise eyes semi-sub order
Andre Goedee-led offshore vessel owner could launch $100m equity issue for newbuilding as profit drops.
- Teekay Corp lags Street bets
Bjorn Moller-led tanker owner falls short of analysts' forecasts in the second quarter.
- Street beats Aegean Marine
New York-listed bunker player sees first quarter figures fall short of forecasts.
- Swap loss cuts Teekay net
Teekay Tankers sees second-quarter net profit drop on interest rate swaps while revenues also fall.
- STX in offshore order debut
Korean keeping mum on yard which has bagged $160m order for PSV trio as it branches into offshore.
- Wilson bounces back to black
Mini-bulker owner returns to profit in Q2 but it fears results may tail off again.
- STX: 'Newbuilding disaster unlikely'
Korean owner cuts second-quarter loss and says industry to avoid newbuilding doomsday with axing and delays.
- Financials hurt Teekay LNG
Large derivatives loss and swing in equity items hurt owner's bottom line but revenues on the rise.
- Trailer Bridge utilisation up
US shipowner keeps profit at modest level as utilisation from US to Caribbean increases.
- Derivatives bite Teekay Offshore
Unrealised losses push Peter Evensen-led shipowner into the red on the second quarter.
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| AUGUST 12, 2010 |
- Wilhelmsen reports higher income
- Seaboard sees volume increase
- Trailer Bridge profit, revenue higher
- DOT selects marine highway projects
- Mexico ends antidumping duties on U.S. beef
- Ex-Im Bank loan backs Ford exports
- State proposes ITAR policy change
- Samskip adds Rotterdam-Hamburg/Norway link
- Mumbai port shutdown costs mount
- MSC advises of Subcontinent delays
- Vancouver attempts to lure potash shipper
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| AUGUST 12, 2010 |
- Wilh. Wilhelmsen increases profit after shipping markets improve
Wilh. Wilhelmsen Holding posted an operating profit of USD 123 million for the first half of 2010, compared with USD 114.7 million the corresponding period in 2009. Total income
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| AUGUST 12, 2010 |
- Prices continue to fall
NYMEX showing losses of more than $1 in early trading.
- New supplier in Ceuta
Oil Marketing and Trading International has started supplying bunkers in the Spanish port of Ceuta.
- Fujairah prices softening
IFO prices fall $13 pmt in Middle East hub.
- Rough seas delay de-bunkering
Bunker spill has spread two nautical miles from site of Mumbai collision.
- Port of Rotterdam on track to 2010 recovery
Potential for increase in bunker sales after two years of decline as container trade grows.
- Brightoil wants to become global trading house
Court documents show Chinese bunker supplier is planning extensive programme of new hires.
- Bunker prices drop at major ports
Demand for bunker fuel 'starting to improve' as prices fall.
- Abundant bunker supplies worry Japanese traders
Traders willing to sell below profit margins to clear August stock.
- South Korean bunker operations disrupted by typhoon
Typhoon Dianmu has passed but terminals remained closed Thursday.
- Sinopec Fuel Oil launches bonded bunker operations on Yangtze river
Company is supplying 380 cSt and 180 cSt product at several ports.
- Aegean Q2 bunker sales volume jumps 89%
Sales boosted by volumes from the recently acquired Verbeke Bunkering.
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