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| MARCH 18, 2010 |
Shipping News
- Shipping sector seen stabilising at a low level
The worst is over for the shipping industry but the seaborne sector will continue to face oversupply problems which will put pressure on freight rates this year, Moody's Investors Services said on Tuesday.
- Rates to rise: Goldman
Container lines will 'absolutely' win targeted rate increases on Asia-US routes this year because of capacity cuts and rising US consumer spending, according to Goldman Sachs Group Inc. 'US and Europe consumers are not feeling as bad as a year ago' Goldman analyst Tom Kim said at a shipping conference on Tuesday. 'The volumes are still there. The demand is picking up.'
- Seychelles toughens law against piracy
Lawmakers in the Seychelles, facing an upsurge in Somali piracy, passed legislation on Tuesday that could see suspected pirates jailed up to 30 years in the Indian Ocean archipelago.
- Key coal port shuts as cyclone looms
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| MARCH 18, 2010 |
- Zim starts twelve 3,800-TEU ships from Asia to Europe April 7
- Hamburg Sud hike US/Canadian-Europe rate US$150/TEU May 1
- ELAA: Carrier January volumes peak on Asia-Europe routes
- APM Terminals wins bid for 25-year concession in Liberia
- Fujian ports' throughput up 14.7 pc in first two months
- After rising, India box volume falls in February, but uptick expected
- TNT Express offers import system online
- India's private container train operators seek stable rates
- Airport Cities exhibition runs April 21-23 in Beijing
- First Yantai-Seoul air cargo charter service inaugurated
- Air Asia builds cargo network, sees 40pc growth in 2010
- UAE to demand proof of insurance before entering airspace
- Kenya tightens import rules ahead of aviation expansion
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| MARCH 18, 2010 |
- Logistics for a mega cargo
- SCI & SAIL in JV to provide cargo, transport support
- CSL successfully converts fisheries vessel into research ship
- Experts call for urgent changes in Law of the Sea
- Laid-up boxships dwindle
- Hanjin Shipping to expand Inttra's e-commerce services
- HCC set to acquire majority stake in Swiss co.
- CoPT plans to lease out dry dock & workshop for 30 years
- MoS' proposed policy to impact private operators at Major Ports
- Another investor meet on Vizhinjam port project planned in April
- Largest & longest boxship berths at VCT
- JNPT bags kabaddi trophy in nail-biting finish
- CLufthansa Cargo, Jettainer successfully test lightweight containers
- Manufacturing leads industrial output growth
- Robust rise in capital goods imports augurs well for investment growth
- India now among Top 3 investment destinations
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| MARCH 16, 2010 |
- EU to address exclusion from working time directive today
The employment and social affairs committee of the European parliament is expected to agree with its rapporteur Edith Bauer (EPP Slovakia) at today's meeting, and allow exclusion f...
- Drewry report: slow steaming no guarantee of service reliability
The growing practice of slow-steaming by container shipping services has coincided with an unexpected deterioration in the on-time arrivals of vessels, according to Drewry Shipping...
- Hanjin to expand e-commerce services through INTTRA
INTTRA and Hanjin Shipping, a world-class carrier headquartered in Seoul (South Korea), have announced that the latter will expand its use of e-commerce services offered by INTTRA....
- Vectura outsources services to Kuehne + Nagel
Vectura, a leading supplier of logistics services for producers, agents and importers of wine and spirits in Norway, has signed a three-year agreement to outsource warehousing and ...
- Azkar renovates handling systems
The Spanish transport and logistics service provider Azkar signed a five-year agreement with Ulma Handling Systems for the integral service and maintenance of Azkar's entire fleet ...
- Vopak opens new terminal to double capacity at the port of Amsterdam
The Dutch tank terminal operator Vopak has decided to substantially increase the capacity of its storage terminal for oil products that is currently under construction at the port ...
- Second Boeing B747-8 freighter completes first flight
A second Boeing B747-8 freighter - the RC 522 - successfully completed its first flight on 14 March. The airplane took off from Paine Field in Everett WA (USA), for a two-and-a-hal...
- Swissport and BA conclude cargo handling agreement
Swissport International, a provider of ground handling services active at 176 airports in 38 countries on five continents, is intensifying its collaboration with British Airways (B...
- Novosibirsk airport taking advantage of its geographic situation
Tolmachevo airport in Novosibirsk, the biggest city in Siberia, recently welcomed a delegation from Air China Cargo. At the end of the first day, bilateral cooperation agreements w...
- CSAV back to Western Mediterranean with new container service
The Chilean shipping company CSAV Norasia is cancelling its Far East-Mediterranean service (FEM) that it operates with Evergreen (Taiwan) only a few months after the sailing was in...
- Otal calling at Rauma
OT Africa Line is improving its coverage of North Europe by calling at Rauma on the west coast of Finland. Other ports of call in that region are Helsinki and Kotka. The servi...
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| MARCH 17, 2010 |
- Lease sale attracts $949 million in high bids
- Horizon Shipbuilding delivers 140 ft towboat
- Bergen Group to build two cruise ferries for Fjord Line
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| MARCH 17, 2010 |
- Bellingham Port Commission awards airport construction contract
- Port of Seattle highlighting trade partners during week
- Cargill's Houston grain facility sees 20 accident free years
- Parking garage set to open at Portland International Airport
- Boeing begins testing second 747-8 freighter
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| MARCH 17, 2010 |
- FMC launches probe into vessel capacity
'Fact-finding investigation' into availability of ocean vessel capacity and equipment serving US trade
- Hyundai Heavy confirms tanker cancellations
Yard confirms five oil tankers worth $425m have been axed
- Report reveals high cost of Irish lights service
Remuneration for chief executive and executive directors amounts to '729,054
- German owners abandon hopes of state aid
Government stresses it is not prepared to start special rescue package for shipping
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| MARCH 17, 2010 |
- Carriers accused of collusion
A leading shipper group publicly alleged that container carriers are colluding on capacity at a US congressional hearing on Wednesday
- Pirates get Tromped
THE LATEST attempt by pirates to attack a vessel in the Indian Ocean unsurprisingly failed this morning: its target turned out to be a Dutch warship
- Marine energy winners unveiled
THE UK has unveiled the winning bidders for the largest-ever leasing marine energy leasing project, IHS Global Insight reported today
- Pirate suspects face prosecution
EU NAVFOR has handed over 11 suspected pirates to authorities in the Seychelles for prosecution
- Statoil awards contract bonanza
NORWAY'S oil major Statoil said today it has awarded Fred Olsen Energy a $421M contract
- Cuxhaven gains wind investment
THE GERMAN port of Cuxhaven has sealed a multimillion-euro investment for a production and logistics facility for offshore wind turbines
- Haiti set for terminal boost
EARTHQUAKE recovery and long-term reconstruction in Haiti will be helped by a US-Haiti private partnership's plans to revitalise a key terminal
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| MARCH 17, 2010 |
- U.S. Exports of Steel Increased in January
- Geodis Acquires Ciblex
- YRC Glen Moore Reduces Losses
- Thune Wants STB to Handle All Competition Issues
- Industry Urges USDA to Ease Rules on Chilean Grapes
- NYK Americas Rotates Top Managers
- Senate Sends Jobs Bill to White House
- YRC Reports $622 Million 2009 Loss
- NY-NJ Container Traffic Fell 12 Percent in 2009
- APL Unit Borrows $300 Million
- Japanese Ship Orders Rise 30.8 Percent
- Fuel-based Economic Index Slips in February
- Traffic Climbs 10 Percent, YRC Says
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| MARCH 17, 2010 |
- FMC to investigate carrier capacity issues
- New capacity floods into China-Australia trade
- MOL changes UK port call for its ARN service
- London Gateway dredging launched
- Seaspan: 'further deferrals quite unlikely'
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| MARCH 17, 2010 |
- Statoil on frenzied fixture spree
Fred Olsen Energy inks a three-year rig charter contract with Norwegian oil major worth $421m.
- Hurricane-battered bulker in court conflict
Pipeline player seeks millions in damages from a Greek bulker involved in Hurricane Ike incident.
- Writedown turns TEN red
Greek tanker owner pushed to fourth quarter loss by near $20m impairment charge.
- You've been Tromped!
Over-zealous Somali pirates mistakenly take on might of Royal Netherlands Navy...and lose.
- TBS battles waiver worries
Analyst buoys Joseph Royce-led TBS International but conveys caution during debt dilemma.
- Topaz trumpets record profit
Fazel Fazelbhoy-led shipowner points to "recession resilience" as full-year profit climbs by 38%.
- TEN is selling, not buying
Greek owner wants to shed two troublesome tankers but is resisting the temptation to buy following rate crash.
- Boskalis voters say yes to takeover
Dutch dredging company's shareholders overwhelmingly approve merger with salvor Smit.
- TOO targets $85m from issue
Teekay Offshore prices stock offer over $1 below the level of its last close.
- Delmas under fire over wood cargo
Green groups urge French line to halt rosewood loading in Madagascar.
- Five tankers bite the dust
Hyundai Heavy in Korea loses orders worth $425m, as series of nine ships for a Stamatis Molaris company becomes four.
- TOO share sale could top $100m
Teekay spin-off latest to turn to the capital market for cash to cut debt and fund FPSO buy.
- Rio Tinto spy trial date set
Sessions on stealing iron ore secrets to be behind closed doors as Chinese trial begins next week.
- Croatia mulls bankruptcy
Six shipbuilders could be forced under if privatisation ahead of Croatia's EU entry fails.
- Bourbon's profit takes a hit
French shipowner's bottom line crashes but its numbers still top analysts' forecasts.
- Lauritzen's net cut in half
Torben Janholt-led owner sees full-year bottom line sliced by a severe global recession and sliding rates.
- Seadrill fixes for four years
John Fredriksen-controlled owner wins more work from Statoil for jack-up rig West Epsilon.
- Batista slashes back IPO
Brazilian billionaire reduces ambitious OSX shipyard offering by 40% as investors stay cautious.
- Second ferry for Black Sea run
Bulgaria and Russia to add another ro-ro for Port Kavkaz service, with another two possible in 2010.
- NOL scoops new $300m loan
Singaporean line lands loan from Sumitomo Mitsui-led syndicate to help fund newbuilding programme.
- STX bids to buy Daehan
Korean shipowner looking to snap up capesize specialist compatriot yard to increase capacity.
- HHI reduces ship dependence
Korean shipyard group expects oil and gas equipment orders to rise 79% this year.
- Bergen brace for Fjord Line
Norwegian owner pens $285m ferry deal at Norwegian yard, with hulls to be built at Gdansk.
- PNSC in hunt for bulkers
'No Eastern Block-built ships please', says Pakastani owner as it invites offers for handymaxes.
- You're on your own
Germany's maritime coordinator Hans-Joachim Otto rules out special aid package for shipowners in trying times.
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| MARCH 17, 2010 |
- Congress looks at ship capacity, U.S. fleet
- OOCL: No chassis in Boston, Miami
- Maersk adds third U.S.-flag tanker
- IATA cuts airline industry loss forecast
- Airforwarders Association honors Kelly
- AAR picks Farmer to lead security programs
- Retailers: Lower inventory didn't affect sales
- ILA, Wal-Mart back Chilean grape petition
- Kirk promotes exports to mayors
- Truckers unhappy with N.Y.-N.J. truck plan
- Plan to redevelop Haiti terminal
- Iraq looks to build cargo port in Basra
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| MARCH 17, 2010 |
- Only half of the liners arrive on time
Only 53 per cent of the liner vessels' port calls were in time during October to December, Drewry Shipping Consultants reports. The company that has tracked 1,600 container carriers in
- Chemical tanker released by Somali pirates
The chemical tanker MV Theresa VIII and its crew of 28 has been released by Somali pirates after an undisclosed ransom was delivered. The vessel was hijacked in the Somali
- Fjord Lines orders ferry pair from Bergen
Fjord Line has signed a contract with Bergen Group to build two new cruise ferries ' the contract value amounts to EUR 206 million. The vessels will be delivered in the
- New president for NSA
Thor Jørgen Guttormsen has been elected new president for the Norwegian Shipowners' Association. "I look forward to continuing the major work of managing the industry's interests in the best way
- Number of idle container carriers falls
The number of idle container carriers continued to slide over the last two weeks with 474 units, 1.22 million TEUs in all, recorded as idle on 15 March, according
- Three crew members die of alcohol poisoning
Last week, three crew members died on board a product tanker sailing through the English Channel. A French prosecutor now claims that the men, three Russian citizens, died of alcohol
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| MARCH 17, 2010 |
- No surprises in inventory report
Crude prices trading higher, but on dollar weakness.
- KPI appoints new broker and trader
Shea Stevenson will work in New York office.
- Chilean suppliers resume supply
IFO grades now being offered in the market.
- Major ports see higher numbers
Suppliers 'only quoting for short periods due to the firming market'.
- Expert warns of adverse knock-on effects of slow steaming
Increased collaboration needed to increase competitiveness and curb emissions as customers look to aviation to transport goods on time.
- Strong gains in Middle East hub
MGO prices leap in Suez.
- New IFO supply in Martinique
C-Fuels America is offering low sulphur, low viscosity material.
- Taskos records Q4 loss
Tanker company draws some relief from bunker swaps.
- Russian oil major offers over 1 million mt of fuel oil
Cargoes offered on FOB basis from Nakhodka in Russian Far East.
- Bullish prices take a toll on demand
Supplies tightening in Tokyo Bay and the West Coast areas.
- Titan raises $48 million to fund exchange offer
Following the issuance of 1 billion of its shares; warns of 'substantial risk' if it fails to complete the exchange offer.
- Aramco sells 380 cSt cargo at 'firm price level'
Traders say cargo 'likely' to be absorbed by Fujairah's bunker market.
- Hong Kong 180 cSt supply tight on 'oil quality problems'
Replenishment cargo cannot be discharged due to 'specification problems'.
- Brightoil mulls bringing bunker tankers into Singapore
Two barges planned for deployment in April, says source close to the company.
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