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| FEBRUARY 23, 2010 |
Shipping News
- China's oil imports seen to drive tanker market
China, the world's second-largest energy consumer, may lead an increase in demand for tankers as its energy needs rise, Poten & Partners said in a report.
- Cheaper anti-piracy actions needed
The US says that it wants to find cheaper options to battle pirates off the coast of Somalia, as an international naval force has pushed the seaborne brigands from the one million square miles of the Gulf of Aden into an area twice that size in the Indian Ocean.
- LME proposes joint venture with Baltic Exchange
The London Metal Exchange (LME), the world's largest market for aluminium and copper, has proposed forming a joint venture with the Baltic Exchange to take trading of freight derivatives onto a new exchange.
- Strike hits Bangladesh's ship-breaking industry
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| FEBRUARY 23, 2010 |
- Cosco Busan operator fined US$10 million for Frisco spill
- Vladivostok Container Terminal throughput up 30.7pc in January
- Indonesia to triple spending on sea and air infrastructure
- MOL holds table-top drill to test shipboard emergency procedures
- Singapore junior minister pledges commitment to maritime industry
- Panalpina launches two new ocean freight services
- Russia's TransContainer's cargo traffic down 17.6pc in 2009
- Miami to invest to capture post-Panama expansion trade
- Lufthansa issues strike flight changes to and from Hong Kong
- Hactl stages Hong Kong airport computer disaster drill
- Cathay Pacific to add fourth weekly cargo flight to Miami
- TIACA sees cargo prospects brighten as global recovery begins
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| FEBRUARY 23, 2010 |
- Great Offshore plans to raise Rs 1,750 cr. from securities issue
- Asia-Europe box volume surge in December signals upturn, observes ELAA
- Tatas to beef up shipping fleet
- Maritime sector budgets for infrastructure status
- Arshiya International receives approval for Nagpur FTWZ
- Shipping lines shifting focus from Asia-Europe trades to apply extra slow steaming on transpacific
- MAERSK LINE launches 3rd Far East service from Hamburg
- CSAV NORASIA follows Wan Hai, PIL in re-entering Asia-Europe trade
- New Höegh Autoliners service to Longoni, Mayotte
- Safmarine offers Far East-East Africa Mashariki Express from March 2
- Caofeidian to be China's electric automated box port
- Hanjin increases & upgrades services on transpacific
- Hapag-Lloyd's new Asia to EC of S. America service
- Delta Shipping Lines launches new feeder service
- MSC & Maersk Line tweak services
- UASC to implement GRI
- ZIM implements ERC
- Handicraft exporters exude optimism
- Niraj Nabh Kumar takes charge as JNPT's Dy Chairman
- VPT surmounts daunting hurdles to handle even more cargo in 2009-10
- MoS to release more funds to complete 2 key port connectivity projects in TN quickly
- Ponnani port, with technical panel's nod, awaits Kerala govt's go-ahead
- Paradip Port sails past 50 m tonnes, hopes to post 27 pc growth in cargo throughput
- CONCOR plans more Nepal-bound routes
- Industry's spirits droop with stimulus withdrawal symptoms
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| FEBRUARY 19, 2010 |
- Pacer reports higher revenue and net profit
The US service provider Pacer International reported that its Q4/2009 net profit was USD 10 million, compared to a loss of USD 64 million in the same quarter a year earlier. Q...
- Ceva Logistics: contract with Multiyork in UK
SCM and logistics service provider Ceva Logistics has been awarded a three-year contract to provide a white glove two-person home delivery service to Multiyork, a manufacturer and ...
- Loxxess AG investing EUR 5 million in Aurach logistics centre extension
The German group Loxxess is investing EUR 5 million in extending its logistics centre in Aurach (Germany). The facility, which was constructed in 2003 and extended in 2007, will be...
- A380 sets its wheels on African soil for the first time
The Airbus A380 era has started in Africa. On 17 February a scheduled Air France Paris-Johannesburg flight, operated by the giant aircraft, touched down at 10.58 local time in the ...
- Singapore Airlines Cargo strengthens partnership with WFS
Singapore Airlines Cargo has extended its cargo handling agreement with Worldwide Flight Services (WFS) in the UK and Ireland. The new contract covers Dublin, Shannon and Cork. Thi...
- For sale: Hapag-Lloyd's head office
The German shipping company Hapag-Lloyd is selling its head office on the inner Alster at Ballindamm in Hamburg to an investor. The board of TUI AG confirmed that it has had defini...
- Toll completes roll out of new information platform
Toll Global Forwarding (TGF) has completed the global roll-out of its information control platform iCON. The programme, which started in 2009, was finished with the deployment of ...
- The Bosphorus was busy in 2009
A total of 51,422 ships sailed through the Bosphorus (Turkey) last year. The number of vessels using the Dardanelle straits near Canakkale amounted to 49,453. Some 9,299 tankers ca...
- European railways set up transport alliance
Seven European railways have founded an alliance called Xrail for their wagon load traffic. Partners in the undertaking are DB Schenker, SNCB Logistics, CD Cargo, CFL Cargo, Green ...
- RHA gets fuel duty gap into minister's report
An all-party committee of UK MPs has backed the case for action to level the fuel duty playing field between the UK and the rest of the EU. The British Road Haulage Association (RH...
- UK Rail signs up partner for rail project
The British rail infrastructure company Network Rail has given a EUR 61 million contract for design and construction to Jacobs Engineering. The latter will lay 1 km (0.6 miles...
- New iron ore rail service in Quebec
Western Labrador Rail Services (WLRS), a newly formed subsidiary of the Canadian company Genesee & Wyoming, has entered into a long term agreement with Bloom Lake Railway ...
- Port of Lille is satisfied
Ports de Lille, the operator of the northern French port of the inland port of Lille, has described its result for 2009 as satisfactory, given the economically difficult situa...
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| FEBRUARY 22, 2010 |
- Tsakos and Schoeller in ship management JV
- Aker Philly eyes wind turbine installation vessels
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| FEBRUARY 22, 2010 |
- Port of Port Angeles nets air services grant funds
- FMC move allows TSC lines to discuss pollution reduction plans
- Port of Seattle celebrates trade history with China
- FMC Oks new rules to benefit NVOCCs
- Freight TSI holds steady during month of December
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| FEBRUARY 22, 2010 |
- Middle East banks to finance UASC's first three 13,100 teu newbuildings
Line inks $275m loan for first three of nine boxships on order at Samsung Heavy
- LME says traders back exchange proposal
Tremendous support for planned joint-venture with Baltic Exchange
- Bangladesh shipbreaking protest slammed as fake
Yards protest against new national import policy
- Somali pirates attack tanker
Suspects detained after failed attempts to hijack vessel and an unsuccessful approach to a boxship
- China and intra-Asia can absorb extra boxship capacity
Report advises operators to deploy excess capacity on those routes
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| FEBRUARY 22, 2010 |
- FMC allows slow steaming talk
CONTAINER lines in the Asia/US trade have received the go-ahead from the US Federal Maritime Commission to discuss slow steaming
- Falklands cruise fallout feared
CONCERNS have arisen that cruise routes could be impaired by Argentina's retaliation against Falkland Islands oil exploration
- Finland dredging damage feared
DREDGING at Finnish ports is causing more damage than a planned natural gas pipeline would, the Finnish Environment Institute reportedly said today
- US Navy stops pirate attack
EIGHT suspected pirates have been detained by the US Navy after an attack on tanker Barakaale 1 in the Gulf of Aden
- Cosco Corp turnover falls
COSCO Corp (Singapore), the publicly listed ship repair unit of China's giant group, today posted a 16.6% drop in turnover to $2.9Bn in 2009
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| FEBRUARY 22, 2010 |
- BA Cabin Crew Vote for Strike
- Damco Expands into the Horn of Africa
- Investors to Acquire RedPrairie
- U.S. Steel Exports Fell 31 Percent in 2009
- Port Manatee Seeks Dredging Bids
- BAA Losses Surge, Cargo Falls 7.7 Percent
- NRS Launches China Retail Logistics Service
- UASC Gets Financing For Three 13,100-TEU Ships
- Schiphol Profit Drops 29 Percent in 2009
- Automated Export System Changes ID Policy
- Ship Operator to Pay $10 million for Oil Spill
- Global Steel Production Surges 25 Percent
- India Container Volume Inches Up
- Hamburg Süd Revises Med-Caribbean Services
- ProLogis Expands European Investment
- TNT Profit Slumps 58 Percent
- INTTRA to Test Forwarder LCL Bookings
- CMA CGM Resumes Normal Haiti Calls
- Rates of Change
- Life, Death and Contracts
- Intermodal Takes Separate Tracks
- Retailing's Unsung Heroes
- DHE Buys Locally, Grows Globally
- Berkshire's BNSF Eyes the Horizon
- Wicked Weather Snaps Operations
- Con-way Seeks New Balance
- Hapag-Lloyd Fights Back
- Drawing the Line
- Rail Bill Meets Big Chill
- TWIC's Technology Challenge
- Big Fish, Big Fight
- JOC Logistics Career Guide
- Hiring Freeze Starts to Thaw
- Teaching 'Hands-on' Logistics
- Angels to the Rescue
- Reality, Check Again
- Building Stimulus
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| FEBRUARY 22, 2010 |
- TSA given go ahead to discuss slow steaming
- UASC secures new ship funding plan
- Port-au-Prince floating dock accommodates CMA CGM
- Bad fuel down to 'poor handling'
- BRIC demand to force oil above USD100
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| FEBRUARY 22, 2010 |
- Belgians buy
Bocimar converts tanker order and reveals plans to splash out $410m on dry tonnage.
- BW ship sold
An LPG carrier has been sold and will be used for floating storage according to a recent market report.
- Tanker attacked
US Navy swoops on eight pirate suspects after sustained assault in Gulf of Aden as APL boxship also approached.
- Norden sheds two
Danish owner is in for $25m windfall after selling trading cape and handymax newbuilding. Panamax charter cut.
- Eurotankers wins
Charterer's claim that pollution certificate issues warranted repudiation of one year tanker charter is rejected by appeal court.
- Crime and penalty
Even if fraud by Yuri Nikitin, Dmitry Skarga and Tagir Izmaylov are crimes under Russian law, restitution may be another matter.
- Tsakos in JV
Listing in sight as joint venture between Tsakos and Columbia ShipManagement eyes Greek and German markets.
- Aframax arrest
Sempra Energy Trading targets pool players in a $1m dispute over the grounding of an aframax tanker.
- Star buys cape
Akis Tsirigakis-led Greek Star Bulk Carriers spends over $42m on Japanese-built bulker.
- Ashika arrest
Former Polynesia Shipping boss John Jonesse charged with forgery in relation to purchase of tragic Tongan ferry.
- Cash clinched
Container line UASC arranges $275m of finance for three 13,100-teu giants being built at Samsung.
- MBC profit falls
Robert Kuok's Malaysian Bulk Carriers sees 2009 profit fall, but it commends its own effort after remaining in the black.
- Sembcorp soars
Singaporean builder and repairer posts large profit gain on back of booming rig-building activity.
- Tax drag
Malaysian shipbuilder Boustead sees 2009 profit slip after tax charge reversed.
- Coastal cruises
Malaysian shipbuilder and offshore vessel player sees profit soar in 2009 as business booms.
- Cargoships clash
Wagenborg and Shipcom vessels suffer minor damage in collision off Finland.
- Odfjell owns up
Jan Hammer-led Odfjell confirms purchase of former Eletson Corp newbuilding at SLS.
- Danes develop
Danish fleet grew further during 2009, claiming fourth spot in EU thanks to tanker additions.
- Bocimar pens cape
Hanjin Heavy claims Benoit Timmermans-led CMB bulker unit signs up for capesize at Philippines yard.
- Cosco stung
"Thorny business climate" hurts 2009 profit at Cosco Corp amid bleak outlook for shipbuilding.
- False start
Malaysian boxship and bulker player Swee Joo increases losses in first quarter.
- Modec nets more
Japanese FPSO player reveals improved full-year profit and boosts its boardroom with election of Mitsui executive.
- Daewoo confirms
South Korean shipbuilder puts pen to paper on series of five suezmaxes for Angolan oil company.
- Mainport dips
Irish rescue vessel and tug operator sees annual profit slide, but revenues hold up.
- PGS short
Seismic shipowner Petroleum Geo-Services sees operating profit miss forecasts in the fourth quarter.
- Odfjell buys
Norwegian chemical tanker player linked to purchase of SLS 51,000-dwt MR tanker resale.
- Tough year
Rederi AB Transatlantic slumps to a full-year and fourth quarter loss as volumes and rates plummet.
- Ferry grounds
US commuter vessel Nathaniel Bowditch drifts on to beach due to steering problems.
- Daiichi redelivers
Japanese-listed bulker owner opts to hand back post-panamax unit early in bid to cut losses.
- Tank trouble
Fuel tank reported ruptured after CMA CGM boxship in collision with tug off Italy.
- APL ups rates
Neptune Orient Lines subsidiary has unveiled a general rate increase on the intra-Asia trade.
- Aker Phil still red
Reduced newbuilding contract value after legal spat with OSG sinks Aker Philadelphia Shipyard further.
- LME courts Baltic
London Metal Exchange makes second approach to Baltic Exchange over FFA joint venture.
- Raising rupees
Indian shipowner Great Offshore lines up securities sale worth as much as $378.86m.
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| FEBRUARY 22, 2010 |
- Shippers seek clarity on Chinese rules
- TSA welcomes right to discuss slow steaming
- Hamburg Süd ends Med/Gulf loop
- TIACA: Low inventories could aid air cargo
- Southern Air raises profile with B777
- European rail operators form alliance
- Mich. grants help local shippers
- Entry summary capabilities added to ACE
- Commerce, UPS expand export partnership
- Ecu-Line to pilot INTTRA for LCL customers
- CLARIFICATION: FMC to end NVO tariff rate publication
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| FEBRUARY 22, 2010 |
- Heavy loss for Transatlantic ' offshore split postponed
Sweden's Transatlantic reports a SEK 221 million loss for 2009, compared with a SEK 266 million profit the year before, the reasons being a substantial dip in the offshore market
- Odfjell buys product tanker
Odfjell, listed on the Oslo Stock Exchange, has bought a 51,000 DWT-product tanker from SLS Shipbuilding in South Korea for USD 33.5 million for delivery in April 2010
- Hope for reopening the Sundbuss service
At least three operators have shown interest in reopening the Sundbuss service between Helsingør and Helsingborg. According to Per-Olof Jansson, CEO of the Port of Helsingborg, three operators are
- Russians used rag to fix a hole in the hull
The Russian registered cargo vessel Baltiyskiy 110 has been issued with a detention notice by the British Coastguard and Maritime Agency after a port state control inspector found a hole
- Pirates hunt in the transit corridor
Pirates continue to roam the International Recommended Transit Corridor (IRTC) in search of vessels to attack, reports the EU Maritime Centre. A coalition helicopter has photographed suspicious skiff activity in
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| FEBRUARY 22, 2010 |
- Mixed prices movements in Northern Europe
Rotterdam market, however, is firm.
- Week starts firm in Fujairah
No stock of 180 cSt in Durban and replenishment not expected before March.
- KPI Bridge Oil appoints new bunker broker for London
CEO says appointment will further strengthen broking team.
- Hambantota will 'ease' Colombo congestion
Demand for container handling leaves 'no space' for port related industries and services.
- Fuel leaks suspected from old shipwreck
Coast Guard to consider removing fuel from passenger liner that sank in 1952.
- Russian ambitions at Dan-Bunkering
Kaliningrad office considering expansion.
- SGX fuel oil futures contract successfully launched
First session sees 3,900 mt traded.
- New office for Peninsula
Experienced trader and broker heads up new Norwegian branch.
- Competition authorities approve Chemoil deal
European Commission asked third parties to 'submit observations'.
- Bullish start to the week
Bunker demand in key Asian ports were 'normal'.
- Trafigura's Malaysia terminal to grow
Two more expansion phases planned for the 400,000 cubic metres terminal.
- India's Vinergy opens new Red Sea supply operation
First bunker delivery made at Khor Angar at the south end of the Red Sea.
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