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| MARCH 19, 2010 |
Shipping News
- Striking Finn stevedores in clash with non-union workers
Striking Finnish stevedores clashed with non-union workers at a harbour on the south-east coast as an operator moved to open a terminal closed by a continuing nationwide walkout.
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| MARCH 19, 2010 |
- ESC's new Maritime Council chief slams slow steaming
- HK firm offers 'one-stop solution' to China's pollution laws
- Yantai invests US$366 million to gain 180 million-ton volume in 2010
- Virginia considers withdrawing terminal privatisation plan
- Construction of Thames estuary London Gateway deep-sea port begins
- Smuggling ring suspected as 22 boxes slip customs in Mombasa
- Port of Vladivostok cargo up 47pc in February
- China Eastern launches Kunming-Dubai line
- Miami airport ready for cargo boom with Panama Canal expansion
- US$90 million spent as Volga-Dnepr orders more IL-76TD-90VDs
- Aryan Cargo Express to launch international service
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| MARCH 19, 2010 |
- Baltic index hits 2-month high
- 5th batch of IIFF-FIATA Dip. course in freight forwarding to start soon
- 100 pc container scanning seen impractical by logistics players
- WCA Family has busy June schedule in Barcelona
- Duty-free imports of milk powder, butter oil allowed, subject to TRQ
- 10 pc duty on Chinese power gear mooted
- Major Ports' handling capacity to shoot up by 74 pc before 2012-Vasan
- 77 m tonnes within KPT reach!
- New 1-day manganese ore discharge record set at Vizag Port
- Concor flags off box train service from ICD-Irugur to Cochin Port
- SilkAir to land daily in Bangalore & Chennai soon
- Export sops coming in for critical review in a month
- India Inc optimistic on IFRS convergence
- Q4 advance tax collections encouraging
- Mission to Morocco from Monday
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| MARCH 18, 2010 |
- Gebrüder Weiss sales down in 2009
The Austrian freight forwarding and logistics corporation Gebrüder Weiss lost 15.7% of its sales volumes in 2009, recording income of EUR 830 million. The global economic crisis di...
- K+N to manage contract logistics for Akzo Nobel in Spain
Akzo Nobel Spain has selected Kuehne + Nagel as the exclusive contract logistics provider to manage its Iberian distribution centre in Zaragoza. K+N will be in charge of warehousin...
- Net profit stable for La Poste in 2009
The French state-owned postal services corporation La Poste coped better than expected with the economic crisis in 2009, with sales declining by 1.3% to EUR 20.53 billion, down fro...
- Intermarine moves two 700 t boxes to West Africa
The motor vessel "Industrial Achiever", a specialised ro-ro semi-submersible ship, recently loaded two massive cold boxes for an LNG facility under construction in West A...
- K Line promotes Hiroyuki Maekawa to chairman and Kenichi Kuroaya to CEO
The Japanese shipping company K Line has promoted its president and CEO Hiroyuki Maekawa to chairman with effect from 1 April. Vice-president Kenichi Kuroaya will simultaneously mo...
- Piraeus port authority names new CFO
The port authority of Piraeus in Greece selected Aikaterini Venardou as its new chief financial officer at the beginning of March. She was previously the manager of the port's acco...
- New outer harbour opens in Great Yarmouth
Great Yarmouth's new outer harbour opened recently - with a number of blue-chip customers already signed up, before the final landscaping touches were added. PSA International, a l...
- Indian ports report growth
India's major ports handled 45.8 million t of cargo in February, 1.3% more than the 45.2 million t in the corresponding month in 2009. According to the Indian Ports Association (IP...
- CMA CGM denies illegal exports of wood from Madagascar
The French shipping line CMA CGM has denied reports that its subsidiary Delmas, which specialises in trade with Africa, is involved in the illegal export of timber from Madagascar....
- Maxx Intermodal expands into Turkey
Maxx Intermodal Systems is continuing to expand its network, opening an office in Istanbul (Turkey) on 1 March. The new location also offers intermodal container transportation opt...
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| MARCH 18, 2010 |
- U.S. citizen scouted Mumbai terrorist landing sites
- Trico Marine company wins offshore wind farm contract
- Prosecutions and piracy threaten seafarer recruitment and retention
- Scorpio Tankers raises IPO target
- Polar Tankers to pay $588,000 in 2004 spill case
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| MARCH 18, 2010 |
- Port of Seattle celebrates trade ties with Ireland
- Coast Guard changing plan for Umpqua River Navigation Area
- Port of Everett releases new public access guide
- Baltic Trading Limited works spot market deals
- Boeing adds third plane to 747-8 Freighter test program
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| MARCH 18, 2010 |
- Asia-Europe freight rates slide after rise
Another fall in Shanghai Containerised Freight Index expected to be announced
- Scorpio Tankers targets $230m from IPO
Company hits road with much bigger offering than filed a month ago
- FMC mulls empty boxes registry plan
Container information system proposal could solve container availability issues in US
- OceanFreight terminates standby share issue
Company pulls plug on facility after raising almost $100m
- ELAA to shut down in July
Future of its subsidiary Container Trades Statistics to be settled later in the year
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| MARCH 18, 2010 |
- Index-based charters mount
THE TREND toward index-based drybulk timecharters continues to accelerate, with Baltic Trading announcing two such deals today
- Want a job? Check Facebook
FINNISH port operators are employing non-union Facebook users to continue operating despite widespread strikes, IHS Global Insight reported today
- ITF changes stance on guards
THE ITF has stopped opposing "armed military personnel" on commercial ships, its spokesman Sam Dawson told Fairplay today
- Scorpio raises IPO target
SCORPIO Tankers filed a revised IPO registration today, raising the amount it expects in proceeds from its planned New York Stock Exchange debut
- HK shipping boss dies at 87
KOO KOU-MING, who fled the 1949 Communist takeover of China to become one of Hong Kong's most respected shipping leaders, has died at age 87
- Manila welder electrocuted
A WELDER was killed when he was electrocuted while repairing a cargo ship docked at Manila North Harbour
- Frontline paid $3M for termination
NORWAY'S Frontline today said it will receive about $3M from Ship Finance International for the early termination of a charter deal
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| MARCH 18, 2010 |
- MOL Adds Ports to Asia-South America Rotation
- U.S. Rails See More Traffic in March
- OOCL to Restore Some Asia-Europe Capacity
- Rails Fire Back at Chlorine Shippers on Technology
- Biden Says 10,000 Stimulus Projects Aiding Transport
- Evergreen Port Captains Seek New Contract
- Obama Signs HIRE Act
- Matson Backs Congressional Candidate
- NAFTA Trade Dropped 23 Percent in 2009
- Leading Economic Index Inches Up
- FedEx Freight Loss Leaps 81 Percent
- Finland Port Strike Starts Third Week
- Short Line Volume Edges Higher
- Heavy Truck Orders Climb 20 Percent
- FMC Launches Vessel Capacity Investigation
- House Approves FAA Extension
- Boskalis Profit Dips
- China Tests Stronger Yuan on 12 Industries
- Hamburg Süd Expands West Coast Loops
- FedEx Profit Soars 146 Percent
- Containership Charter Rates Rising
- YRC Regional Group Loses $126.7 Million
- YRC, Teamsters Work on Concession Holdouts
- Ports, Shippers Push for Freight Policy
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| MARCH 18, 2010 |
- Capitol Hill questions shipping's anti-trust immunity
- Grand and New World Alliance brings back service between Asia and Northern Europe
- OPEC leaves production unchanged as 'beautiful' price reigns
- APM Terminals bags US safety awards
- Delmas: 'not guilty' of exporting Madagascar rosewood
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| MARCH 18, 2010 |
- Tanker seized over wage war
US Marshalls arrest a Norwegian LPG vessel formerly linked to DnB NOR Markets.
- Trico scores subsea stability
Joe Compofelice-led subsea services player inks $40m in North Sea contracts.
- Scorpio stung by writedown
IPO hopeful shouldered $4.5m impairment on two tankers last year and has no immediate plans to pay a dividend.
- Baltic's scorching spot charters
Peter Georgiopoulos' latest drybulk venture fixes two capesize newbuilds to agricultural outfit.
- Scorpio sets IPO sights high
Lolli-Ghetti family wants to snap up $230m from US float after boosting the offer today.
- OceanFreight ends equity deal
Anthony Kandylidis-led Greek terminates $450m standby distribution deal with private equity firm.
- Rotten for port of Rotterdam
Major Dutch port reports 8% decline in 2009 cargoes, while port authority profit is cut back.
- SFI pockets another $50m
Frontline shipowning spin-off coaxes extra tanker finance from its banks.
- Indonesian owners eye seven
Financier PANN approached by five domestic owners for funds to buy bulkers.
- SCI plans to raise $660m
Government to sell of part of Shipping Corp of India stake with fresh equity sought to reduce loans.
- Asian issue looms for GOGL
John Fredriksen's Golden Ocean completes dual listing in Singapore amid talk of Asian equity issue.
- WIS wins well work wonga
Indian shiprepairer bags deal for major overhaul of offshore services ship Vestfonn.
- Vasan promises ports push
India's shipping minister says terminal capacity to soar 74% by 2012.
- Cyclone closes BHP port
Coal port Hay Point closes as Queensland braces for weekend lashing from Cyclone Ului.
- Pipe crushes yard worker
Thirty-nine-year-old Bangladeshi dies in accident at Sembcorp shipyard in Singapore.
- Golden Ocean clash hits court
Bulker owner's long-running spat with Pipavav over $213m order will be resolved by Singapore arbitration.
- Gulf Stolt takes tankers
SLS chemical quartet head to Stolt Nielsen and Gulf Nav joint venture at "substantially lower price".
- Hong Kong holds three ships
Magnus Carriers, Wallem and Conbulk vessels feature on February detention list.
- Tanker and trawler collide
No injuries or significant damage reported after clash in English Channel involving Turkish tanker.
- Siem stretches Chevron stay
Oslo-listed offshore owner lands an extra year's for MRSV off Nigeria.
- Boskalis forecasts profit erosion
Dutch dredging group warns of uncertain market conditions after posting lower 2009 earnings.
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| MARCH 18, 2010 |
- FMC, Congress investigate ship capacity
- NOL takes $300 million loan
- Yang Ming issues $150 million in bonds
- House passes FAA extension
- Jobs bill provides highway help, goes to Obama
- Bunning blocks USTR nominees
- U.S., India foster trade for small shippers
- USDA chief to promote ag exports to Japan
- Florida governor seeks passage of port bills
- BMWs hit Baltimore docks
- Beer distributor opens Savannah warehouse
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| MARCH 18, 2010 |
- Fewer storage tankers
The interest from oil price speculators in chartering tankers for storage of crude oil and products is cooling off. According to ICAP, there are now 70 million barrels in floating
- Orders placed at Japanese yards increase
After falling 14 months in a row, Japanese export ship orders rose for the third consecutive month in February on a year-on-year basis, surging 30.8 percent to
- Eleven pirates to be prosecuted in the Seychelles
EU Navfor has transferred eleven suspected pirates to the Seychelles for prosecution. The pirate gang was captured recently, and they could be clearly linked to the unsuccessful attack on the
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| MARCH 18, 2010 |
- More evidence on the cooling effects of shipping
The benefits of sulphate come into question as MEPC gets ready to discuss low sulphur fuels.
- Prices weaken in Rotterdam, Hamburg
NYMEX showing falls of more than $1 in early trading.
- Recourse action in Hebei Spirit spill incident
BIMCO continue to be actively involved from the fair treatment of seafarers standpoint.
- Bunker prices fall in Fujairah
No IFO in Durban spot market.
- Quality issues keep Fujairah market 'tight'
Traders say 'some key suppliers have been hit'.
- Singapore fuel oil stocks down
Spike in oil prices triggered demand from bunker market, say traders.
- Sulphur regulations: Suppliers should 'help' shipowners
O.W. Bunker says suppliers must take more 'responsibility' in helping operators meet technical challenges.
- Bunkers reverse previous day's movement
Bunker prices in Busan, however, remains steady.
- New barge ready in 'next four months'
Karachi-based supplier says it will have the biggest delivery fleet in Pakistan.
- IBME appoints bunker trader for South American market
Ortiz has over 25 years' of experience in the shipping and bunker industry.
- New deals best sourced from personal and informal contacts
Poll respondents indicated one-to-one appointments as one of the best sources for securing new contacts.
- Ecospec's CSNOx wins 'Technology of the Year' award
Ecospec edges out two other contenders to clinch the award.
- Foreign trading firms set foot in China bonded bunker market indirectly
Japanese and Singaporean companies involved.
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