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| FEBRUARY 24, 2010 |
Shipping News
- Myanmar invites firms to run 6 Yangon ports
Myanmar's military government has invited offers from private companies to operate six major ports in the country's commercial capital and build more in anticipation of a boost in exports.
- India Feb oil export rise on shipments to US
Bookings of tankers to export fuels from India's west coast, the home of two Reliance Industries Ltd refineries, rose in February as India sold more petrol to the US. Shipments of at least 1.07 million tonnes, or about 9.1 million barrels, of oil products have left West India so far this month for places such as Japan, the US, and the UK, up from 760,000 tonnes in January, according to ship-bookings information compiled by Clarkson Research Services Ltd, a unit of the world's biggest shipbroker.
- Supertanker surplus shrinks on demand
The supply of supertankers competing to haul cargoes of Middle East crude oil shrank as falling rates spurred demand.
- S Africa intercepts N Korean arms shipment
Strait Talk
- Good time to modernise fleet
REGULATIONS for the restriction of air pollution from ships will mean extra costs and responsibilities for shipowners, UK-based BMT Group's subsidiary BMT Marine & Offshore Surveys told a London insurance market seminar recently.
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| FEBRUARY 24, 2010 |
- Icebreakers keep Tianjin port open as January volumes rise 21pc
- Auckland Port to warehouse gunpowder cargo despite eco outcry
- EU eco laws risk criminal penalties for ship operators, crew
- Ningbo port launches Nanchang-Beilun port intermodal service
- Mega ship-designed Cochin port opening delayed until late in the year
- Singapore's total trade forecast to grow 9-11pc in 2010
- UASC secures loans for three more 13,100-TEU ships
- Biggest box ship to call in Virginia docks at Norfolk
- California unions join greenies to zap small harbour truckers
- French air traffic controllers stage week-long strike
- Regular Lufthansa service resumes as pilot strike suspended
- Antitrust chief halts El Al's Maman Cargo Terminals cargo deal
- World Airways operates Boeing 747-400F for Asiana Airlines
- Western Australia's Skywest bags newspaper air freight deal
- Japanese international air cargo picks up in December
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| FEBRUARY 24, 2010 |
- ECU-Line teams up with INTTRA to offer 1st universal NVOCC documentation platform
- ICHCA International reviews shipper's responsibilities
- Spate of acquisitions may not swell tonnage figure
- Germans ask Korean shipyards to stall deliveries of newbuildings
- Majestic 8,272-TEU Albert Maersk biggest-ever ship to call at Saigon
- Finance Ministry virtually halves budgetary allocation for port & shipping projects in 2010-11
- Dumping duty slapped on radials imported from China & Thailand
- Chennai Port sees bright future with car exports surging
- A&N's Major Port status put on hold
- NSB chief, Capt. Mohan interacts with KPT officials & Port users
- With skies clearing, TIACA sees cargo prospects brightening
- Food inflation rises to 18 pc
- IMC all praise for fert. price decontrol
- Rs 1K cr. budgetary aid for food processing industry sought
- Growth & stimulus should go hand-in-hand-Fieo President
- Bhaskarachar inaugurates programme 'on getting things done'
- Stimulus needed for export sector
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| FEBRUARY 22, 2010 |
- Raben Group opens new Ukraine branch office
The Raben Group, an international transport and logistics enterprise, started operations in Raben Ukraine's 7th regional branch in Khmelnytsky in February. The firm said that this ...
- New cold storage and logistics alliance in Europe
During an international cold chain conference in Amsterdam recently, the European Cold Storage and Logistics Association (ECSLA) and the Global Cold Chain Alliance (GCCA) signed an...
- Fercam building and expanding in Italy
The Bolzano-based Italian logistics and transport company Fercam has plans to build a 60,000 sqm logistics centre in the Bologna freight village. The company will also be expanding...
- Fabian Rogalla becomes authorised signatory for In Time Express Logistik
The Hanover-based German courier and express service provider In Time Express Logistik made Fabian Rogalla, who has headed the logistician's distribution activities since May 2009,...
- Dr Dieter Truxius named honorary business professor
In January Dr Dieter Truxius, Dachser's managing director of finance, legal and tax affairs, was named honorary professor of the business school of the university of Mannheim. Trux...
- Ostlog AG and Sifte Berti collaborating
The Swiss forwarding and transport company Ostlog, based in Buchs (Canton St Gallen), has just begun to collaborate in the road haulage sector with the Italian transport and l...
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| FEBRUARY 23, 2010 |
- Incat Crowther crewboat builds in Brazil
- GC Rieber finds financing for Freire pair
- MAN Diesel and DSME work to broaden owners' fuel options
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| FEBRUARY 23, 2010 |
- US slammed over 100% box scanning plans at EU ports
Ports will suffer massive financial burden if implemented, says Brussels
- Class societies and owners urged to boost rapport
Shipmanagement arm of SCF calls for more open dialogue
- Boxship cancellations put brakes on fleet growth
Alphaliner data shows 140 orders totalling 436,000 teu cancelled since October 2008
- Diana ready to buy more bulkers
Dry bulk major pledges to use war chest to expand fleet
- Conti secures $17m to fund bulker
KG financier to use funds for panamax bulker
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| FEBRUARY 23, 2010 |
- French oil talks restart
FRENCH oil unions today agreed to limit their refinery strike after French President Nicolas Sarkozy won Total Oil's pledge that only its Dunkirk refinery would be closed
- PDVSA sued for $1.3Bn
A billion-dollar US claim targeting the assets of Venezuelan oil giant PDVSA has been filed by eight Cuban healthcare professionals alleging modern-day slavery
- Milford Haven strike cancelled
A STRIKE threatened today at Milford Haven in Wales was called off after negotiators forged a tentative agreement last night
- Death ferry boss charged
THE SUSPENDED CEO of Tonga's Shipping Corp of Polynesia has been charged with forgery in last year's fatal sinking of ferry Princess Ashika
- NewLead takes resales
NEWLEAD Holdings today announced the acquisition of two Kamsarmax newbuildings and the connected sale of a product tanker
- DoJ backs US box brokers
BROKERS booking freight in the US box trades need tariff filing relief, the US Department of Justice said today
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| FEBRUARY 23, 2010 |
- OOIDA Blasts Talk of U.S.-Mexican Trucking Pact
- Reid Said Committed to 2010 Transport Bill
- Profit Jumps 300 Percent at Echo Global Logistics
- Expeditors Profit Slips to $69.1 Million
- Descartes Offers to Acquire Porthus
- UPS Opens Hub in Calgary
- Tacoma Harbor Trucks Meet Clean Standards
- Southern Air Adds Two 777 Freighters
- American Airlines Cargo Opens LAX Terminal
- YRC Worldwide's Reddaway Cuts Transit Times
- Owners Canceled 140 Container Ship Orders
- Cummins to Pay $2.1 Million Penalty to EPA, CARB
- Stimulus Funds Support 12,000 Projects
- OOCL Raises Europe-Australasia Rates
- Diesel Price Soars 7.6 Cents
- Video: New Taipei Terminal Prepares for Growth
- Jobs Bill Keeps Highway Funding Extension
- Hanjin Forecasts Profit in 2010
- Nehru Port Reinstates Mooring Services
- West Coast Ports Seek $1 Billion from Jobs Bill
- Lufthansa Pilots Suspend Strike
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| FEBRUARY 23, 2010 |
- EU slams US plans for 100% scanning
- Charter market rally at critical stage
- German carriers join on Med-Central America
- Panalpina boosts its Chinese LCL offering
- Taiwan's GDP hits 9.2%
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| FEBRUARY 23, 2010 |
- Strange sinking
A German-owned containership en route to Guyana sank off the coast of St Lucia, and the cause remains a mystery.
- Diana on target
The Simeon Palios-led bulker owner's fourth quarter profits are down but in line with Wall Street estimates.
- Frangou upbeat
Weak freight rates are continuing to hit Navios Maritime Holdings freight revenues but Angeliki Frangou remains optimistic about upcoming opportunities.
- D'Amico stays red
Italian products tanker owner hurt by weak demand in 2009, but says it out-performed rivals.
- Case law lashed
Criminal law rulings involving soldier massacre and theft from psychiatric patients shot down as defence in Sovcomflot trial.
- NCL shines
Norwegian Cruise Line's return to profitability in 2009 overshadows slump in fourth-quarter earnings.
- Noren cautious
Substantial growth of the tanker fleet is a worry for Hans Noren-led Concordia as it posts weaker Q4 numbers.
- NewLead swoops
Nasdaq-listed owner grabs kamsarmax resales at Cosco Dalian as product tanker is shown the door.
- DFDS closes in
Danish ro-ro player through to next round in privatisation of Polish ferry owner Polferries.
- Buy-back boost
Seacor Holdings makes nearly $150m more available to invest in its own stock.
- Asciano selling?
Australian ports group linked to bond sale in bid to refinance big debts.
- Grindrod to buy?
South African shipowner has $1.17bn war chest to splash on acquisitions or developments.
- Transits tail off
Fewer ships passed through Suez Canal in January as revenues dipped.
- Fast Ann escapes
General cargoship awaiting scrapping parts moorings and slams into UK oil terminal.
- Old oil?
US Coast Guard thinks mysterious sheens off Alaska could be coming from cruiseship that sunk in 1952.
- Coal cash
Singapore's Marco Polo Marine pens $10 coal shipment deal within Indonesian waters.
- DOF about face
Norwegian offshore vessel operator returns to the black in fourth quarter on fewer write downs.
- Funds for Rieber
Sven Rong-led GC Rieber has secured a $107m loan to pay for two newbuildings bought from Atle Bergshaven.
- BWO slips to loss
BW Offshore slides back into the red in the fourth quarter on much lower revenue at APL arm.
- K Line prices
Japanese giant offers 3% discount to current share price as it reveals detail of $382m issue.
- Heavy pockets
Dutch heavy-lift player Fairstar banks NOK 54m from new share issue.
- OceanFreight hit
Write-downs push US-listed shipowner to huge fourth quarter loss in a year it will want to forget.
- BW ship sold
An LPG carrier has been sold and will be used for floating storage according to a recent market report.
- Cruise leper
Crewman with leprosy sent home for treatment after tests on Statendam in Vancouver.
- TSA eyes go slow
Transpacific Stabilisation Agreement given green light by US regulator to discuss slow-steaming.
- Paragon profits up
Lack of write downs helps to boost fourth quarter results at Michael Bodouroglou-led bulker outfit.
- Capital to issue
Evangelos Marinakis-led Capital Product Partners to sell 5.8m new shares to fund acquisition.
- Bunkers still high
Singapore looks set for another record year for ship fuel sales are getting off to a strong start.
- Mercury poisoning
Hundreds ill with norovirus on cruiseship Celebrity Mercury a week after carbon monoxide breakout.
- Reefer charges
Maersk employee and five others accused of hiding cocaine in reefer van in Philippines.
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| FEBRUARY 23, 2010 |
- Exporters bemoan lack of capacity
- 7% of boxship order book canceled
- Hapag-Lloyd hikes rates to Asia
- AA Cargo opens LAX terminal
- CORRECTION: Southern Air raises profile with B777
- Jobs bill moves ahead with highway fix
- Descartes launches tender offer
- Burke joins Swan from YRC
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| FEBRUARY 24, 2010 |
- Full City report shows deficiencies in clean-up operation
The Full City clean-up operation was largely successful, according to a report ordered by the Norwegian Coastal Administration. However, the report points to several deficiencies in the way the
- Rieber secures USD 107 million loan deal
Norwegian GC Rieber Shipping has secured long term financing from Nordea, Sparebanken Vest and SpareBank 1 SR-Bank, for two subsea IMR newbuildings due for delivery in 2010/2011. The
- Norden cancel time charter and sells two vessels
Dampskibsselskabet Norden has cancelled a time-charter contract for a Panamax vessel, and sold two bulk carriers. The customer wanted to redeliver the time-chartered vessel, four years before the
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| FEBRUARY 23, 2010 |
- US firm offers fuel conditioning system and scrubber
Patented fuel conditioning system combined with stack scrubber said to eliminate sludge, provide fuel savings and meet sulphur regulations.
- Business as usual at Portland
Both inner and outer anchorage bunker supplies continue despite bad weather.
- Fuel oil prices firm while distillates weaken
Another strike scheduled in Greece on February 24.
- Bunker prices mixed in Fujairah
Tight avails for 180 cSt in Durban.
- Boost for Mitsubishi slow-speed engines
New licensing agreement expected to accelerate penetration of 'fuel-efficent' engine in Chinese shipbuilding market.
- Falklands oil dispute could complicate bunkering
Maritime security firm says drilling companies could bypass Argentina and secure bunkers elsewhere.
- Chimbusco subsidiary granted licence for domestic sales
China opens its fuel wholesale market to new players.
- O.W. Bunker strengthens World Wide Trading Division
New manager and key account manager will drive further development.
- Bunkers unclear of direction
Bunker prices in Singapore firming.
- Bunker operations at Falmouth partially disrupted
Operations to resume on Tuesday as bad weather subsides.
- Iran poised to take '25% of Persian Gulf bunker market'
Bunker sales volume at 2.6 million mt for the first 11 months of current business year.
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