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| APRIL 10, 2012 |
Shipping News
- HK ship insurers unable to fill void in Iran oil cover
Hong Kong maritime insurers will not provide full cover to tankers carrying Iranian oil after new European Union (EU) sanctions take effect from July, a senior industry official told Reuters, another blow to Chinese importers struggling to find ways around the measures.
- Boat Asia to showcase more than 60 yachts
OVER 60 yachts large and small will make a splash at this week's luxury yacht showcase, Boat Asia 2012, to be held at the Marina @ Keppel Bay.
- HK to target ships to control smog
As OOCL London entered the English Channel in early February, the 323-metre vessel owned by Hong Kong's biggest container line was forced to switch from burning the black sludge known as bunker oil to less polluting fuel. That wasn't the case in the ship's home harbour recently.
- Retracing the route of the Titanic
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| APRIL 10, 2012 |
- Chinese exports to Africa surge 38pc as Europe and Japan's fade away
- China-Europe surface cargo service shifts to high-speed rail in June
- Shenzhen International's profit rises 36pc in 2011 on organic growth
- Angola invests more than US$1 billion to expand second port of Lobito
- Cargotec to provide 22 straddle carriers to Patrick Stevedores in Australia
- Vietnamese high-speed rail link dropped in favour of slower box trains
- German forwarder Dachser banks on US-China trade bringing growth
- TNT Express sets up service point in northern Banani district in Dhaka
- Delta TechOps signs multi-year maintenance support deal with Atlas Air
- Smiths Detection launches dual-view Xray to enhance air cargo security
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| APRIL 9, 2012 |
- Allcargo Logistics, Chennai commences LCL consolidation at Allcargo CFS
- AMTOI hosts Sushil Lakhani to elaborate on cross border transaction
- Baltic index falls for first time in 29 sessions
- Capesize iron ore charter rates rise 3.5 pc
- CMA CGM upgrades West Med.-Morocco service
- Hanjin Shipping takes delivery of 2nd of eight 13,100-TEU containerships
- Maersk to raise Asia- US East, West Coast rates from May 1
- OOCL signs 40-year Middle Harbour terminal lease with Long Beach
- Indo-Asean trade at new high
- APM Terminals to focus on East Africa
- Cochin Port extends rebate on pilotage/berth rates for bunkering calls
- Dhamra port handles record non-coking coal
- PMO to expedite languishing port projects, boost investments
- Kartik Pancholi is new ACHAA President
- India to become worlds largest economy by 2050: Report
- Update your Data on Foreign Trade Policy, Customs Law & Exchange Control Regulations-Part-5
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 | web site |
| APRIL 9, 2012 |
- Maritime high school leaders to meet at Maritime Academy of...
- Skuld cuts rates for kidnap and ransom coverage
- Ocean Rig gets $652 million LOA for drillship
- Top execs at Huntington Ingalls get compensation boost
- Ensco orders its eighth Samsung drillship
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| APRIL 9, 2012 |
- Port of Vancouver Port Re:Port celebrates history of progress
- Port of Kennewick seeking applications for commission post
- Port of Bellingham cancels event due to Squalicum Harbor boathouse fire
- The Greenbrier Companies releases second fiscal quarter 2012 numbers
- Port of Everett announces marina rates to hold firm
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| APRIL 9, 2012 |
- Record number of bulkers scrapped in first quarter of 2012
Smaller, older vessels head for demolition
- DryShips hails rejig of drillship loans
Bankers consents seen as paving way for Ocean Rig dividends
- Cosco Shipping's operating profits down nearly 76% last year
Weak rates and higher bunker prices erode margins
- Boxship scrapping accelerates
Ships of 2,000 teu-3,000 teu head to the breakers
- Greek seafarers under fire for strike plans
Government looks at options to ensure ferries keep running
- Box lines make rate increases stick
Indices show that shippers prepared to pay more
- Iranian navy saves Chinese cargoship from pirates
Vessel was hijacked for less than 10 hours
- Evergreen fightback
Evidence points to a done deal
- Baltic Exchange commemorates 20th anniversary of IRA bombing
Chief executive Jeremy Penn says the event marked a change in shipbroking
- Ensco to build another drillship at SHI
Offshore player seeks to ride on high oil prices
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 | web site |
| APRIL 9, 2012 |
- Diesel Hits Highest Price Since August 2008
Diesel prices across the U.S. hit their highest point since August 2008 in the week ending April 9, climbing six-tenths...
- Q&A With YRC Freight, Regional Carriers
Journal of Commerce Senior Editor William B. Cassidy interviewed the presidents of YRC Worldwide's four less-than-truckload operating companies Feb. 21,...
- Matt Chasen Discusses uShip's Growth, JOBS Act Importance (Video)
uShip, which claims to be the e-Bay of the transportation world, has grown rapidly since it was founded eight years...
- Greenbrier Rolls Into Black on Higher Railcar Demand
Greenbrier rolled back into the black in its fiscal second quarter to a $17.7 million profit, as the rail supplier...
- Osaka Box Trade Hit Record High in 2011
The number of foreign trade containers handled by the Port of Osaka in western Japan rose 9.8 percent in 2011...
- AA Cargo's Chicago-Helsinki Link Takes Flight in June
American Airlines Cargo will restart its daily service from Chicago to Helsinki on June 12. The nonstop link to...
- Analyst Sees Carrier Actions as Biggest Threat to Rates
The reintroduction of idled container ships is the biggest threat to a lasting freight rate recovery and the return to...
- India Container Traffic Up 3 Percent
Container throughput at India's major ports grew 3 percent year-over-year in fiscal 2011-12, which ended March 31, the slowest growth...
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 | web site |
| APRIL 9, 2012 |
- DRYS cashes in on ORIG
George Economou-backed shipowner offers up juicy slice of drilling spinoff in an fundraiser that could top $152m.
- AFL scores loan guarantee
Tobias Konig-backed boxship operator secures loan to cover start-up costs connected to debut shuttle service.
- Progress Bulk turns on ICAP
Charterer turns gun on shipbroker as row over illegitimate substitution of bulk carrier moves to New York.
- ORIG reels in drill deal
George Economou-led offshore contractor closes in on $652m contract for drillship off West Africa.
- Drunken debauchery at sea
Shocked ferry master sends passengers to refuge as students alleged to have "trashed" ferry newbuilding.
- Cargo receiver in GA victory
Court overturns arbitration ruling that backed owner's refusal to deliver pirate disrupted cargo to Russian steel importer.
- Ship boosts China - Iran links
Iranian naval intervention to free tweendecker and crew from pirate control is celebrated in Beijing and Tehran.
- OW Bunker targets US move
US operation will complete global presence following five years of sustained growth and expansion
- Centrofin sheds old aframax
Former Teekay tanker looks to have been a good little earner for Greek owner as it heads for breakers yard.
- Turkey scrap imports rising
ICAP Shipping says volumes are up over 11%, but asks whether it can last as economic growth starts to slow.
- EBRD funds Ukrainian growth
Yugreftransflot diversifies into dry bulk with help from European Bank of Reconstruction and Development.
- Ensco books Samsung drillship
UK-based drilling company returns to South Korean shipbuilder for sixth deepwater newbuilding.
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 - Ocean news | web site |
| APRIL 9, 2012 |
- Oracle creates business intelligence for SAP users
- DEA searches Walgreens' DC
- BDP looks to raise additional capital
- Coal traffic slumps for U.S. railroads
- GAO reviews port recovery plans
- Singapore, Dutch strike up anti-piracy deal
- Greenbrier: Demand for new railcars strong
- CryoPort's Stambaugh steps down
- Vinalines execs arrested
- Sweet! Big ship due in Baltimore today.
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| APRIL 9, 2012 |
- Market softens in Fujairah
Prices firming in South Africa.
- Study to look at calls for tax on marine fuel
Legislators in US east coast state want funds for coastal dredging.
- Bunker markets quiet in Europe
Many countries observing public holiday.
- UAE-based company to 'grow its global presence'
Gulf Petrochem to start expanding its bunker business in the second half of this year.
- Support for low-sulphur charter
More shipping companies indicate they still back Hong Kong's Fair Winds Charter.
- Bunker prices weaken in key Asian ports
Supplies of marine fuels sufficient at major ports in Asia on Monday.
- Singapore eyes new onshore oil, chemical storage terminal
Four million barrel terminal will increase storage capacity in Singapore by 6%.
- Fuel from missing cargo ship 'spotted' off Japan
New Lucky VII lost contact with owners on April 3 during a storm in the East China Sea.
- 'Dramatically volatile market' putting pressure on shippers
Rising container freight rates on the eastbound Asia-Europe route reflect carriers ability to enforce majority of rate increases.
- Lube supplier 'emphasises' use of lubricants with different BNs
Engine reliability 'can only be met' with a range of products, says Castrol Marine.
- Wider adoption of ISO 8217:2010 must start from 'source'
Bunker suppliers in Asia not willing to guarantee the spec as there are 'no guarantees' from cargo importers and oil terminals, players say.
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