BRIEFS

web site

Shipping News

FedEx Q1 profit to beat forecast as fuel costs fall
FedEx Corp, the largest air-parcel shipper, said it will report a profit of US$1.23 a share for the quarter ended Aug 31, beating its forecast as fuel costs fell. The stock rose as much as 8.5 per cent after regular trading.
Decoupling makes global economy stronger: Zedillo
A DECOUPLING of the developing and developed economies and new ways of looking at supply chains and outsourcing were the key messages from distinguished speakers like former Mexican president Ernesto Zedillo and 2001 economics Nobel laureate Michael Spence at the DHL Leadership Dialogue yesterday.
DHL to pay US$260m for worker severance
Express cargo carrier DHL, a unit of Deutsche Post, said on Tuesday that it will pay US$260 million in severance and benefits for employees affected by a restructuring of its loss-making US operations.
Korean steelmaker to shut plant for expansion

Strait Talk

Striking back at pirates
IT is only two weeks since this column commented on the dangerous surge of hijackings by pirates in the Gulf of Aden, but I make no apologies for returning to the subject. The situation, already intolerable, has deteriorated since then.

web site

Shipping News

FedEx Q1 profit to beat forecast as fuel costs fall
FedEx Corp, the largest air-parcel shipper, said it will report a profit of US$1.23 a share for the quarter ended Aug 31, beating its forecast as fuel costs fell. The stock rose as much as 8.5 per cent after regular trading.
Decoupling makes global economy stronger: Zedillo
A DECOUPLING of the developing and developed economies and new ways of looking at supply chains and outsourcing were the key messages from distinguished speakers like former Mexican president Ernesto Zedillo and 2001 economics Nobel laureate Michael Spence at the DHL Leadership Dialogue yesterday.
DHL to pay US$260m for worker severance
Express cargo carrier DHL, a unit of Deutsche Post, said on Tuesday that it will pay US$260 million in severance and benefits for employees affected by a restructuring of its loss-making US operations.
Korean steelmaker to shut plant for expansion

Strait Talk

Striking back at pirates
IT is only two weeks since this column commented on the dangerous surge of hijackings by pirates in the Gulf of Aden, but I make no apologies for returning to the subject. The situation, already intolerable, has deteriorated since then.

	web site

SCT receives ISO14001 accreditation Cosco's 564-TEU Takeko calls first at Yantai on Japan-China short sea run Singamas sees H1 profits fall 16.7pc Evergreen, Wan Hai to offer Japan-Taiwan-Philippines service Bintulu Port in Malaysia experiences strong cargo growth Mideast container volume to skip global downturn: UBS New York must deepen capacity to secure shipping future: report Ceva to do warehousing, distribution for UK's Tangerine Confectionery DHL finishes Central Asia Hub at HKIA ahead of schedule IBS Software Services becomes Cargo 2000 member Saga Airlines buys 2 Boeing 737-800s Davies Turner Air Cargo retains top UK independent title

	web site

Allcargo Tuticorin retains South's top consolidator spot EU wants India to encourage open competition for N-energy market Steel export duty structure to be retained for now UKIBC opens capital office Paswan wants iron ore export duty hiked Trade with China soars by 69 pc in H1 Onion exports surge thru' high MEP barrier Gold imports surge after price dip Drawback cuts upset synthetic textile exporters With global prices cooling down, iron ore exports thru' 3 eastern ports decline Paradip Port's berth proposals for PPPAC's scrutiny Kandla Dock Workers' Union serves strike notice SAS Cargo charts new route to India New RBI chief to push for financial reforms India ranked 31st in world financial development index Flyjac to host logistics seminar in Mumbai South Asian port games to be held in Colombo from Oct. 4 to 8 AIAI to hold meeting with CBEC chief tomorrow

	web site

DHL Express names new CEO for EEMEA region Hamburg port operators invest EUR 355 million Swiss adds flights to winter timetable Estonia's state railway to be restructured DHL to pay high settlement costs in USA

	web site
SEPTEMBER 10, 2008
AP Moller-Maersk aims at zero fatalities Debt-free Nordic American "well placed" as credit crunch bites MOL: "heat-shielding paint saves fuel"

	web site
SEPTEMBER 10, 2008
Northrop Grumman gets $5.1 billion CVN 78 contract MSC Cruises orders two more Musica class ships China shipbuilding giant to raise $512.5 million Connaughton to be nominated FMC Chairman

	web site
SEPTEMBER 10, 2008
Everett Port Board Oks building consolidation plan Evergreen joins Wan Hai in joint Asia service ATA praises president to plan to fund Highway Trust Report finds container ports to see slowdown for rest of 2008 Congressman sets hearing on Coast Guard diversity

	web site
SEPTEMBER 10, 2008
Experts warn African hijackings will continue POLITICAL risk consultants are warning of the likelihood of further attacks on shipping in Nigerian and Somali waters. Tug and supply vessel attacked in Nigeria Green issues top owners' lists for new vessels HYPOVEREINSBANK maritime survey shows 94% of owners believe hull and engine effiency are key to reducing fuel costs. Dry bulk 'crisis' will hit freight rates in 2015 CHINA'S steel consumption will be the key factor to hit future rates, not the glut of newbuildings to be delivered in 2010.

	web site
SEPTEMBER 10, 2008
US targets Iran Shipping The US is imposing sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and 18 affiliated companies for allegedly smuggling 'proliferation' materials to Iran's defence ministry Man hurt in Singapore yard blast A SHIPYARD worker was reported in stable condition today after being blasted overboard by an explosion on the deck of a barge during welding work in Singapore Russia plans $500M port in Far East MECHEL, the Russian steel and mining group, announced today plans a coal export port worth nearly $500M at Vanino in the Russian Far East, on the Tartar Strait leading to the Sea of Japan Sinking captain's death confirmed FORENSIC authorities in the Philippines have confirmed that a ro-pax's captain was among more than 800 people killed in its sinking 29 smuggler victims found THE BODIES of 29 people killed at sea have washed up on the shores of Yemen Mate's catnap costs £16,400 THE FIRST mate was snug and sound asleep when the general cargo carrier Sunna grounded off the coast of the Orkney island of Swona on 10 January 2007, a court hearing heard

	web site
SEPTEMBER 10, 2008
No injunction against clean-trucks plan Truckers will appeal judge's decision not to block concession requirements in the LA-Long Beach trucks programs. Ports urged to postpone clean-trucks start-up Bush names Connaughton to head FMC House passes border ban on Mexican trucks Fuel aids FedEx outlook Crowley appoints counsel Container forecast revised for weak finish to 2008 Lufthansa, Air France-KLM cargo slides in August MOL shuts ship units India port extends concessions on empties MOL warms to benefits of heat-shielding paint

	web site
SEPTEMBER 10, 2008
Seaspan accepts new vessel Hamburg deepening delayed

	web site
SEPTEMBER 10, 2008
Vale confirms Brazilian miner admits that it is negotiating with Asian iron ore buyers, but the price hikes are not as steep as expected. Order hopes bleak Molaris says he is betting that a capesize quartet on order at a Korean yard will be delayed further or cancelled. Royce gets heavy US bulker and tweendecker owner TBS picks up its first heavylift unit in $20m move. Bulker seized Greek bulker also attacked hours before South Korean handysize falls to pirates off Somalia. Aker to convert STX-controlled shipbuilder to turn GAP Adventures' ferry into cruise vessel. Li takes four Li Shaode-led CSDC back at Dalian Shipbuilding for $230m tanker quartet. Rio damned Norway blocks flood of oil funds to mining giant Rio Tinto over 'environmental concerns'. Ike Texas-bound US maritime authorities are preparing for Hurricane Ike to hit Texas as a Category 3 storm. MSC seals order Cruiseship player ties up loose ends of contract for two new vessels to be built at Aker's French yard. Naughty NES Icelandic manager of cargoship that grounded off Scotland fined for breaching UK collision regulations. Dolphin eyes two Indian owner will pen two OSV newbuildings if Brunei joint venture gets the green light. NAT bullish Herbjorn Hansson-led suezmax player predicting another good three months to 30 September as strong spot market continues. Nord into Mexico Ambitious offshore player bags breakthrough term employment for PSV newbuilding with Pemex. Globus offloads George Karageorgiou-led owner more than doubles its money with sale of handymax to compatriot Greek. Pay up, Spencer Sigurd Thorvildsen-led Awilco challenges Spencer Energy to dig deep as leading shareholders jostle for position at Ocean HeavyLift. Roubles ready Russia lines up three new port zones in Rostov region, with help of Azov-Don Shipping Co. Cold shoulder Aker Yards' conqueror STX has so far failed to muscle in on the bidding for rival Korean shipbuilder Daewoo. Iran splashes out Hormozgan region ordering 20 small ferries in Turkey, with one scheduled to arrive every 45 days. Eidesvik extends Jan Fredrik Meling-led owner bags $40m bareboat contract extension for cable layer. Ferry costly New York City faces $22.9m payment to man paralysed in 2003 Staten Island ferry crash. Maputo to grow Grindrod and DP World planning to expand coal and other cargo operations at Mozambique port. Barge blast Shipyard worker injured in explosion during welding work on Orion 1505 in Singapore. Baupost sells Boston fund manager cuts its stake in US containership owner Horizon Lines by 44%. Ferry punt Portugal's Grupo Amorim takes stake in domestic owner Atlantic Ferries to further tourism plans in Troia.

	web site
SEPTEMBER 10, 2008
MarAd's Connaughton nominated FMC chairman Dubai considering canal to bypass Strait of Hormuz CKYH Alliance terminating Asia/U.S. East Coast service Temasek buys stake in FESCO Globus selling Handymax bulker for tidy profit FedEx upgrades first quarter outlook as fuel prices abate NWA Cargo reducing fuel surcharge Delta Cargo plugs into Descartes software House bill seeks to terminate cross-border trucking program PD Ports urges immediate rail action from U.K. government House Democrats fault Bush on homeland security Lange to take over Kuehne + Nagel reins early iGPS earns FM 4996 certification for all-plastic pallets Judge: Denial of ATA injunction vs. SoCal ports to stand SoCal terminal operators call for delay of ports' truck plan Port Tracker lowers forecast for U.S. container imports JAXPORT hosts Logistics and Intermodal Conference

	web site
SEPTEMBER 10, 2008
South Korean shipyards have 50 per cent of all newbuilding orders South Korean shipyards have secured 50.6 per cent of all newbuilding orders in the first half of 2007, reports AFP. In total the orders reach 12.4 million GT. In 2007 South Korean shipyards secured 38,9 per cent of ... Maersk Supply sells AHTS to Norway Maersk Supply Service A/S has sold its first vessel after becoming an independent owner within the A. P. Møller-Mærsk Group. The Isle of Man-flagged anchor handling vessel Maersk Mahone, built in 1983, is bought by the Norwegian ... Clipper buys more in Eitzen Chemicals The Danish Clipper Group has purchased more shares in the public listed Eitzen Chemical (listed on the Oslo Stock Exchange). Clipper gave notice to the Oslo Stock Exchange that the company now owns 43,896,600 shares, equal to 25.55 per ...

	web site
SEPTEMBER 10, 2008
KPI Bridge Oil opens on US West Coast Bunker company announcing expanded coverage of Pacific Rim. Global bunker market report More fuel oil cargoes offered from India Recent parcels sold to Middle Eastern companies, more cargoes offered for October loading. Bunker prices continue to fall Singapore prices at lowest level since mid-June. Investigation into bunker barge sinking Spanish authorities want to know why bunker barge sank while at berth. Rotterdam still busy ExxonMobil sells late-September cargo Operator exploring all available 'green' measures Viking Line says 'greener edge to company's profile could make all the difference'. Supplies resume at Australian port Replenishment tanker due to complete discharge today, supplier says. Shipping firm shrugs off higher LSFO bunker costs Burning low-sulphur fuel is a 'small price to pay for a cleaner environment'. OPEC cuts oil output Cartel reverts to 2007 quota.