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| AUGUST 31, 2010 |
Shipping News
- Pertamina plans to spend US$600m on new tankers
Indonesia's state oil and gas firm Pertamina said yesterday it plans to spend US$600 million on new oil tankers in the next three years to upgrade its ageing fleet and rely less on charter tankers.
- China Merchants set to win Colombo job
China Merchants Holdings (International) Co and Aitken Spence & Co are likely to win a contract to build a US$500 million terminal in Sri Lanka's Colombo port, according to the island nation's Ports Ministry.
- International forces intercept pirates: NATO
Japanese, EU and NATO forces cooperated on Sunday to intercept pirates who were preparing to attack ships in the Gulf of Aden, the NATO counter-piracy task force said.
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| AUGUST 31, 2010 |
- China Merchants first half profit up 56.1 to US$244.2 million
- Hapag-Lloyd to hike global rates in September and October
- China-ASEAN trades soars 49.6pc to US$161 billion in first 7 months
- New Yiwan railway opens in November linking Wuhan to Chongqing
- Wanzhou, Chongqing to invest US$880 million in logistics park
- 13,500-TEU Evelyn Maersk marks 100th mega box ship in Rotterdam in 2010
- Port of Miami puts rail project on fast track
- European road rates may have already peaked in Q2
- INTTRA sees usage of e-commerce for ocean freight rise
- China Eastern first half profit up 78.8pc to US$259 million
- China Southern first half profit soars 8,184pc to US$304 million
- Air China profit soars 60pc to US$675 million in first half
- Ex-Asiana vice presidents indicted in US price fixing case
- Oz high federal court quashes lower court ruling on price fixing
- Iberia first half loss narrows as cargo and biz class recovers
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| AUGUST 31, 2010 |
- China Shipping opens Qinzhou & Haiphong service
- CMA CGM launches new direct service from Asia to South America West Coast
- CSAV & Libra start China to South Africa loop
- EVERGREEN LINE to launch new JVT service
- Evergreen ranked world's 4th biggest box line
- Hamburg Sud configures Europe-Med services
- MALA 2010 inundated with nominations
- MISC profit up despite lower revenue
- MSC to add Qingdao to Dragon Express Asia-Med service
- NYK LINE to take over TSK's liner business
- OOCL joins MAERSK LINE, APL & ZIM in dismissing freight rate derivatives
- Remarkable H1 growth for Port of Hamburg
- SCI, CIL to form JV to import coal
- Sri Lanka to open new port funded with Chinese loan
- Time ripe for container logistics industry to create platform for growth
- Wan Hai, Interasia launch Japan, Thailand loop
- Krishnapatnam Port sets national coal discharge record
- MbPT to reintroduce amnesty scheme for settlement of suits
- MPSEZL commences operations at Dahej port
- Core sector growth crawls up by 3.9 pc in July
- Demand for hike in iron ore export duty rejected
- Only surplus cotton will be exported, Khullar assures textile cos
- Pranab predicts 8.5 pc GDP growth in 2010-11
- Rs 500-cr. contingency fund for exporters set up
- State mulls new law to seize idle industrial plots
- Tax havens creating hurdles in tracing money launderers: Task Force
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| AUGUST 27, 2010 |
- Swiss Post improves group profit by 35% in H1
Switzerland's mail service provider Swiss Post generated a group profit of CHF 484 million in H1/2010, a 35% increase compared to the same period last year. The corporation's opera...
- Rhenus Eonova now offers individual healthcare transport services
Hospital logistics provider Rhenus Eonova is adding services to its portfolio to further consolidate its leading position in the healthcare segment. The enterprise has expanded its...
- Ran Lojistik and ABC European Air and Sea Distribution in cooperation deal
Ran Deniz ve Hava Tasimacilik (Ran sea and air transport), which is part of the Turkish logistics enterprise Ran Lojistik Hizmetleri, has signed a cooperation contract with the Vie...
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| AUGUST 30, 2010 |
- Orion Marine Group christens new dredge
- Guilty plea in USS Ashland piracy case
- Passengers rescued from grounded adventure cruise ship
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| AUGUST 30, 2010 |
- Turkey joins list of signees of new ship recycling rules
- Maersk Line set to implement fourth quarter rate increases
- Lynden Transport named top LTL carrier in annual survey
- Coast Guard keeping eye on sunken fishing vessel in Clallum Bay
- OOCL plans to start freight rate increases
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| AUGUST 30, 2010 |
- UK to consider Royal Fleet Auxiliary privatisation
Ministry of Defence has reopened a decision taken by the last government not to go ahead with privatisation plan amid drive to cut spending
- Caution the watchword on trade with Iran
- Greek owners have a key role to play in recovery
- ABP widens its focus to find opportunities in Ireland and Europe
- German owners cash in on CSAV recovery
Dramatic turnaround in fortunes for CSAV results in 10% return on investment for...
- Container lines bounce back after 2009 losses
- Frontline opts to go fishing rather than accept low rates
Chief executive Jens Martin Jensen refuses to take rates below $10,000 per day
- Rates rise, but earnings still under a cloud
- Freight futures brokers hit back at box derivatives critics
Clarksons and FIS respond to box line opposition and fears of volatility
- Big ships recast dry bulk landscape
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| AUGUST 30, 2010 |
- Consolidator Forecasts Slow Peak for Air Freight
- Diesel Falls 1.9 Cents to $2.938 per Gallon
- White House to Establish Export Enforcement Center
- Spanish Logistics Provider Azkar Acquires Airport Handler
- Seanergy to Acquire Remaining Stakes in BET and MCS
- Rebranded Qantas Courier Launches Service
- NYK to Boost Trans-Atlantic Rates
- Consumer Spending Jumped 0.4 Percent in July
- Del Monte Terminal Shift Threatens ILA Control
- Thessaloniki Boosts Container Traffic 5.3 Percent
- OOCL Hikes Trans-Atlantic, Asia-Australia Rates
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| AUGUST 30, 2010 |
- 'Inadequate rates' plague ICG's boxes
- Damco deepens its Vietnam business
- Citadel takes control of RVRI
- Green Reefers' grounded in H1 10
- Savannah surge stays strong
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| AUGUST 30, 2010 |
- NYMET eyes fresh fixtures
New York-based commodities trader hunts bulkers on the heels of $120m iron ore deal and Dahlman Rose pact.
- Hurricane Earl fuels fear
USCG issues ZULU warning for Caribbean shipping ports as massive storm nears the US coast.
- Yangzijiang bags bulker boost
Singapore-listed shipbuilder talks up sizzling summer as two-month backlog binge nears $1bn.
- Brightoil confirms big VLCC deal
Chinese petroleum group presses ahead with $537m South Korean tanker order.
- Hoegh, Greek ships escape
Flurry of pirate attacks in IRTC sees car carrier and Seabulk vessels targeted but no arrests made.
- Aurelius secures Dreamboat deal
Munich investment group buys majority stake in deal that secures future of Deutschland.
- Shin Yang posts profit
Newly-listed diversified shipowner in black for the year, reports COA and newbuilding deals.
- Chinese box and bulk cargoes grow
Top port operator China Merchants reports impressive first half figures.
- 'Unviable' MMM slumps to loss
Troubled Malaysian Merchant Marine "pessimistic" about finding solution as first quarter turns red.
- Passengers taken off cruise ship
Elderly vessel caught on uncharted rocks in Canadian Arctic waters.
- Saga toasts 'healthy' market
Arne Blystad-led VLCC owner has "sound average rates" to thank for small quarterly profit.
- Pertamina to spend $600m
Indonesian owner eyeing 18-ship tanker splurge as it readies massive war chest, report claims.
- Mississippi medevac saves life
Authorities launch aerial operation to recue woman stung by medical emergency onboard Russian tanker.
- STX's Daehan bid 'fails'
Korean yard giant's offer for struggling compatriot yard knocked back by KDB, report claims.
- Costs hurt Global Carriers in Q2
Malaysian tanker owner adds tonnage but extra operating expenses and a dry-docking widen loss.
- Saudi JV eyes bulkers
Panamaxes on the menu for new joint venture firmed up between NSCSA and Arasco.
- Vinashin boss faces axe
Vietman's prime minister reportedly asks shipbuilder's CEO to stand down as two cut from board.
- SITC 'still wants $500m'
Chinese boxship owner still has top figure in mind for planned Hong Kong listing in October.
- Jinhui sees profits rise
Oslo-listed bulker owner's bottom line benefits from lower operating costs in the second quarter.
- NOCC slips into the red
Norwegian Car Carriers sees results nose dive as it experiences "difficult car carrier market".
- CGGVeritas inks Pemex gig
US-listed seismic player wins additional survey work from Mexican state oil company.
- Sealink profits unchanged
Malaysian offshore vessel builder and operator suffers weaker revenue, but costs also decline.
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| AUGUST 30, 2010 |
- Maersk reaffirms rate hike plan
- Justice clears United, Continental merger
- U.S. aids Pakistan airline
- U.S. grant to help Paraguay airport plan
- U.S. allows mango imports from Pakistan
- Greencarrier opens in Shenzhen
- Call for wider port truck regulation
- 8,500-TEU ship gives Savannah 'view into future'
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| AUGUST 30, 2010 |
- Retired after 50 years of service
The passenger vessel Kristina Regina has most likely done her last longer sea journey and is after a docking to be permanently moored in Turku as a floating hotel, restaurant
- Maersk Line sued by Argos
The British home retail group Argos is suing Maersk Line for breaching their mutual agreement. Argos seeks damages on DKK 72 million for the extra costs for shipping 5,000 containers
- Mols-Linien in deep red after the first half of 2010
Mols-Linien reports red figures for the first half of 2010. A severe winter with snow covered roads among other things, is one of the explanations for fewer passengers and
- Four Wilh. Wilhelmsen ro-ro's to recycling in China
Wilh. Wilhelmsen has sold four of its car carriers to China for recycling. Since the market for vehicle carriers collapsed in 2008, the ships have been surplus. The ships are
- Turkey signs recycling convention
Turkey has signed the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, aimed at ensuring that ships, when being recycled after reaching the end of
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| AUGUST 30, 2010 |
- Bunker market shrugs off crude oil gains
Prices retreating in several ports Monday after a firm end to last week.
- Region sees minor price moves despite crude gains
Firm close for crude oil prices on Friday has limited impact on bunker prices in the Middle East and Africa.
- SK Energy buys second Indian fuel oil parcel
380 cSt cargo sold at lower discount with players expecting market to tighten.
- Ash cloud boosts ferry operator's profits
But Irish Continental Group reports 48% surge in first half bunker costs.
- Spill triggers new attack on 'flags of convenience'
'Foreign ships' responsible for damaging Australia's maritime environment.
- Bunker prices climbing as week begins
Demand for bunker fuel below average at most key Asian ports.
- Bunker business boosts Cosco International H1 revenues
Plans to expand bunker business; aims to become 'global leading marine fuel supplier'.
- Tokyo bunker firm eyes expansion to Far East Russia
International Bunker Services K.K. hires new trader to tap into the Far East Russian market.
- SinoBunker launches operation at northeastern Chinese port
Now offers bonded bunker supply at Yingkou port, a port previously solely served by Chimbusco.
- Pakistan lube oil supplier 'keen' to explore bunker trading
Supplier has started lube oil trading in Pakistan, India and Bangladesh, says CEO and Director of Piraeus Marine Services.
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