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| FEBRUARY 25, 2010 |
Shipping News
- Tanker rates poised for hike: report
The world tanker market stands to benefit if an improving economy and declining oil inventories prompt the Organization of the Petroleum Exporting Countries to increase production, according to a report from Jefferies & Co.
- Ships in key strait risk terror hits
Al-Qaeda could target ships in the strategic Bab al-Mandab strait between Yemen and Somalia but could never completely control it, Yemeni Foreign Minister Abu Bakr al-Kurbi was quoted on Tuesday as saying.
- UN urges East Asia to protect its seas
The East Asian economy could suffer seriously if seas are not protected, according to the United Nations Environment Programme (UNEP), Vietnam news agency reported on Tuesday.
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| FEBRUARY 25, 2010 |
- Job losses, winter snows deflate US consumer confidence: survey
- 140 ordered box ships cancelled since Q4 2008
- Hapag ups rates from North America to Asia, Mideast, subcontinent
- OOCL ups EU-Oz rate $100/TEU, adds $150/TEU peak charge March 1
- Dalian beats winter with January container volume up 9pc
- EU condemns US 100pc sea cargo scanning law as too costly
- Western Australia looks to shipping grain in containers
- Box trade to brighten for Mobile, Gulfport after 2010
- Mexican Gulf port Tuxpan halts tenders for 90,000-TEU terminal
- ESC hopes Xrail alliance will help European train services
- St Petersburg port upgrades total US$70 million in 2009
- China Southern resumes Tehran-Urumqi-Beijing flights
- Lufthansa Cargo adds B777 freighter to its Atlanta-Frankfurt service
- Boeing and Airbus differ on Asia-Pacific wide-body demand
- US legislation 'could hurt FedEx and air feeders like us'
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| FEBRUARY 25, 2010 |
- SCI's agents updated on new strategies in changed global scenario
- Maldives opens up market for engg goods exporters
- Dumping duty slapped on stainless steel goods
- Mamata sets wheels rolling for Vision 2020
- Assocham analyses impact of stimulus packages on jobs creation
- Minister allays fears of immediate stimulus rollback
- Britain bats for India-EU FTA
- GST regime still a far cry
- Appreciating rupee & Chinese thrust now exporters' main concerns
- Session on dynamics of investing in corporate bonds today
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| FEBRUARY 23, 2010 |
- Smith Holland and Contargo: sensitive goods in safe hands
Contargo GmbH & Co KG, in cooperation with Smith Holland BV, is now expanding its network of reefer service stations. Following a successful start at the Basel MultiTermin...
- TNT reports steep drop in earnings
The Amsterdam (Netherlands)-based postal operator TNT announced that its profit plunged by more than 50% from EUR 556 million in business year 2008 to EUR 281 million ...
- Bibby wins contract with First Milk in West Wales
The UK-based forwarding and logistics group Bibby Distribution has been awarded a new contract to provide a farm collection service for farmers' cooperative First Milk in West Wale...
- Hermes lands major contract from Next in Great Britain
The German parcel service provider Hermes has secured a new eight-year contract with the British fashion chain. The agreement is Next's biggest ever home delivery deal in the UK, a...
- Iraq-Turkey rail link reopened - extension to Syria on drawing board
Turkey wants to refurbish and expand its rail network in the Turkey-Syria-Iraq triangle. The national railways of Turkey, Iraq and Syria have agreed to collaborate in ...
- InterRail and KTS Kaztransservice step up collaboration
Switzerland-based InterRail Holding AG, a member of the TransInvest Group, and Kaztransservice AG (KTS), the container subsidiary of Kazakhstan Temir Zholy, the country's state rai...
- SICIS combines container monitoring and ship tracking
The shared intermodal container information system (SICIS), an IT platform that forms part of the EU's Integrity project, went into use in September 2009. Since then SICIS has...
- Hamburg Süd upgrades services in Mediterranean, Gulf and Caribbean Area
The German shipping company Hamburg Süd has decided to replace its current Med-Caribbean service through a slot charter agreement with Hapag-Lloyd's MGX service. The new integrated...
- Ecu-Line joins forces with INTTRA to offer the first universal NVOCC documentation platform
Ecu-Line, an Antwerp (Belgium)-based NVOCC, has signed a pilot agreement with INTTRA, the leading e-commerce platform for the ocean freight industry. The contract will enable Ecu-L...
- Gefco collaborating with Air China
The Gefco group, an international service provider based in Paris, has signed a block space agreement with the Chinese carrier Air China. The deal guarantees that Air China will re...
- African Airlines Association: new secretary general starts work
The Nairobi (Kenya)-based African Airlines Association (AFRAA) has reported that its new secretary general, Nick Fadugba, founder and CEO of the aviation consultancy comp...
- FedEx operating first Shanghai-Memphis service
The US express service provider FedEx recently launched its first Boeing B777 cargo service from Shanghai (China) to its hub in Memphis, TN (USA). The new service gives c...
- Lufthansa pilots' strike unexpectedly deferred
The pilots' strike at Lufthansa has unexpectedly been put off after just one day. The largest German airline and Cockpit, the pilots' trade union, met before the Frankfurt labour t...
- US regulation bill threatens railroads
The Association of American Railroads (AAR) has spoken out against proposed legislation in the US Congress to change regulation of the industry. The proposal threatens well-pa...
- Iran steps up the pace of Teheran-Mazandaran highway construction
The government of Iran has announced plans to set up a working group to speed up the construction of the Teheran North motorway. The scheme was first proposed in 1965, but not give...
- YRC Worldwide gets fresh cash
YRC Worldwide Inc has entered into definitive agreements with investors who have agreed to purchase USD 70 million in new unsecured convertible notes in a private placement. Bill Z...
- TCB Railway increases frequencies to and from Barcelona
The Spanish company TCB Railway has consolidated a range of services in order to increase its train frequencies and offer its clients better services. The cargo service from Barcel...
- Contargo adding Frankfurt and Duisburg to reefer network
The container logistician Contargo is set to expand its reefer service stations in collaboration with Smith Holland. Contargo wants to provide reefer services at the Frankfurt and ...
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| FEBRUARY 24, 2010 |
- Carnival reports strong wave season bookings
- Washburn & Doughty delivers LNG escort tugs
- Chris Pemberton named GM - Austal Service
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| FEBRUARY 24, 2010 |
- Port of Vancouver USA Oks first T-5 industrial tennant
- Governor Gregoire to present Washington trader awards
- ACP selects contractor for vehicular crossing project
- Port of Tacoma balks at EPA penalty on Kaiser project
- Corps seeking comments for Willamette dredging work
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| FEBRUARY 24, 2010 |
- Germany rules out loan guarantees for owners
No state support for KG firms and owners to pay for $36.8m boxships ordered in South Korea and China
- German shipowners support calls for state aid
- KG funds need strong capital base in future
Banks will no longer pre-finance newbuilding orders as they did in the past
- Offen close to settling row with CMA CGM
CMA CGM Okapi to be released as soon as dispute with Jacques Saad' is resolved
- Maroc secures warrant to arrest Vinson
Maroc Fruit Board of Morocco seeks to recover $2m in damages
- SCA Transforest launches new box feeder service
Move comes amid signs charter market for smaller container vessels may be picking up
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| FEBRUARY 24, 2010 |
- VSM: save Germany's yards
GERMANY'S shipbuilding association VSM has called for Berlin to forge urgent new policies to ensure the sector's survival
- Greek banks face squeeze
A NEAR-term effect of the Greek sovereign debt crisis could be a reduction in shipping lending by the country's domestic banks
- Bangladesh breakers stymied
BANGLADESH continued its breaking crackdown today, sparking shutdowns at about 100 scrapping yards and leaving more than 30,000 people out of work
- Big clean-up bill hits COSCO
CHINA'S COSCO has been hit with a bill of about $34M by Norway for cleaning up after the grounding of the bulker Full City, Fairplay was told today
- US box carriers disappointed
US CONSUMER confidence fell sharply in February, frustrating hopes of a speedy turnaround for box carriers in the finished-goods segment
- Five of six Total strikes end
STRIKES at five of Total Oil's six refineries in France ended today when the CGT union accepted Total's pledge to keep the facilities open for at least five years
- Box ship saved from pirates
A TURKISH warship has reportedly foiled pirates attacking an 8,106teu APL box ship in the Gulf of Aden
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| FEBRUARY 24, 2010 |
- Court Allows LA Clean-Truck Program
- Truck Tonnage Shoots Up
- Missouri May Postpone Bids for Highway Work
- Truck Pricing in Canada Seen Stabilizing
- Clean Energy Fuels Expands Network
- UP, CSX Team Up On Domestic Intermodal
- Senate Passes Jobs Bill With Transport Funds
- Chinese Firm to Build Kazakh Hydropower Plant
- Chinese Crude Steel Surges
- Port of Lake Charles Appoints Interim Director
- Antonov An-225 Carries Equipment for Haiti Relief
- Steel Imports Increase in January
- Agility Builds Logistics Pipeline to Haiti
- Rails Cut U.S. Jobs in January
- YRC Closes Debt Financing Deal with New Bonds
- Atlas Earns $24 Million in Fourth Quarter
- Gilbert named EVP of Geodis Wilson
- Austrian Airlines Freight Folded Into Lufthansa
- Japanese Exports Rise 41 Percent in January
- Dredger Boskalis to offer $1.5 billion for Smit
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| FEBRUARY 24, 2010 |
- Pirates upgrade fleet
- A good year for shipping [if you have the cash]
- Greek general strike paralyses transport
- CargoSmart bags NVOCC
- OOCL in RR and PSS hike to AUS/NZ rates
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| FEBRUARY 24, 2010 |
- Tropical weaker
Nicor-owned Tropical Shipping posts a fourth quarter profit but volumes and operating income continue a steady decline.
- Dolphin sold
Brokers say D'Amato di Navigazione has sold a seven-year-old panamax products tanker to Felipe Menendez-led Ultrapetrol for $32m.
- Star downgraded
Dahlman Rose downgrades Star Bulk Carriers to "hold" based on the company's older fleet profile and active role in risky derivatives contracts.
- Loophole probed
Could a collection of signatures from Sovcomflot directors prevent it from claiming damages against Yuri Nikitin even if disputed deals proved unlawful?
- JES turns red
Singapore-listed Chinese shipyard group suffered in 2009 as costs rose and revenue fell.
- MISC halved
Liner and chemical loss as well as weak petroleum markets send Malaysian owner to reduced profit.
- Ro-ro bonanza
Philippines state bank aiming to fund purchase of 46 cargoships for "missionary routes" over next four years.
- Burmese bidding
Myanmar's government invites private companies to run six Yangon terminals, plus build more.
- Taxes save Rieber
Sven Rong-led offshore vessel owner stays in black due to large tax income on recent Supreme Court ruling.
- Li readies cash
Port magnate and Hong Kong billionaire Li Ka-shing set for $1.5bn of investments in UK businesses.
- Record breaker
UAE shipyard Abu Dhabi Shipbuilding posts best-ever annual profit in 2009.
- Rig riches
Fredriksen-linked drilling company Scorpion Offshore posts six-month profit jump as operating days rise.
- Strike off
Last-minute talks avoid pilot walk-out at Welsh oil port of Milford Haven
- Deal sealed
Dutch dredging group Boskalis launches its takeover offer for Smit on Thursday with the full backing of salvage group's bosses.
- Star stays red
Akis Tsirigakis-led bulker outfit slumps to fourth quarter loss on lower revenues and higher costs.
- Cargoship sinks
Comoros-flagged Alborada goes down off Greece in storm, but all five crew saved.
- Barges sunk
Two coal-laden vessels went down in Ohio River after their tug hit a bridge.
- Canned ships up
Cancelled containership newbuilding orders have now reached 140 ships, says Alphaliner.
- In the balance
Nexus Floating Production posts fourth quarter profit but its future remains in the hands of its bondholders.
- Jungerhans slows
German shipowner is the latest to adopt slow steaming strategy; to retrofit vessels with Wartsila kit.
- TTA pick Ragnar
Former Masterbulk Pte chief executive set to take over shipping reigns at Thoresen Thai Agencies.
- Capital prices
Evangelos Marinakis-led Capital Product Partners sets price level for planned issue of 5.8m new shares.
- OOCL ups rates
Hong Kong liner operator set to implement peak season surcharge on Aussie bound cargoes.
- BWO SGX bound
BW Offshore boss Carl Arnet says the FPSO specialist is set for a dual-listing in Singapore.
- Long Beach higher
US west coast container port has reported a second consecutive month of growth in volumes.
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| FEBRUARY 24, 2010 |
- Tropical Shipping profit falls
- OOCL raises Europe-to-Oceania rates
- NYK to test "bubble hull"
- UPS opens bigger Calgary package hub
- Dubai airport January cargo spikes
- Cathay, Air China in cargo venture talks
- Jobs bill moves ahead with highway fix
- European rail operators form alliance
- Mich. grants help local shippers
- Importers unaffected by ISF enforcement, yet
- Investment fund to acquire RedPrairie
- FMC: Not so fast NVOs
- Expeditors Q4 'better than anticipated'
- Long Beach to discuss bridge project
- Pelosi pumps stimulus at Houston port
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| FEBRUARY 24, 2010 |
- Tax verdict turns loss to profit for Norwegian owners
Reports for the last quarter last year from Norwegian shipowners show that the Norwegian government's defeat in the tonnage tax case came just at the right time for many owners
- 140 container carriers cancelled
Orders for 140 container carriers with a combined capacity of 436,000 TEU have been cancelled, according to Alphaliner. It corresponds to almost seven per cent of the order book in
- Obese seafarers ' growing problem in Norway
511 Norwegian seafarers had their health certificates withdrawn in 2009, up 20 per cent from the previous year. The great increase is largely due to a growing number of obese
- New Danish maritime minister
Brian Mikkelsen became the new Danish minister for maritime affairs on Februari 23, after a major reshuffle of the government under the leadership of Prime Minister Lars L'kke Rasmussen. Brian
- Concordia from black to red
Swedish Concordia Maritime reports a SEK 81.1 million loss after tax, compared to a profit of SEK 95.8 million the previous year. The company's net turnover increased from
- Shipbreakers protest against environmental decree
Some 30.000 workers from Bangladesh's shipbreaking industry are reported to have been protesting against the government's new environmental policies. 'The government order is tantamount to a death sentence for
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| FEBRUARY 24, 2010 |
- Mukhin leaving Bunker Holdings
Evgeniy Kelmanov has been appointed as the new director.
- Prices fall across Europe
Low demand for IFO in Hamburg.
- IFO prices dip in Fujairah
Fuel oil prices weaken in Middle East hub but distillate prices firm.
- Markets see bullish side of stockpile report
Traders focusing on gasoline demand as last week's figures released.
- 'Significant step' toward more fuel choice
MAN Diesel and DSME cooperation could make LNG a fuel option for more ships.
- Fujairah players pay high premium for fuel oil cargo
Interest from Middle East traders reported to be 'strong'.
- Asian prices tumble
But spot demand weak as buyers exercise caution.
- Markets still have long way to travel to recovery
Hedgers who heeded previous recommendation for Singapore 180 cSt fuel oil would be sitting on 'significant gains'.
- Maersk lays up high bunker consumption ships
The 'B Class' vessels are designed to hit speeds of up to 30 knots.
- CEPSA strengthens bunker services in Panama
Deploys new barge at the Atlantic side of the canal.
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