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26 September 2021 The on-line newspaper devoted to the world of transports 02:36 GMT+2

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The Business Timesweb site
SEPTEMBER 25, 2008
Shipping News
  • S'pore firms should grab Latin American openings
    INVESTMENTS worth US$30 billion over the next five years in port and related infrastructure are up for grabs in Latin America, and Singapore companies should waste no time in getting a piece of the pie for themselves, John Price, managing director of market intelligence services at leading risk consultancy Kroll, told The Business Times.
  • Container firms must act 'to counter slump'
    A UNIQUE set of circumstances comprising escalating financial market turmoil, low consumer confidence as well as rising inflation and commodity prices has rapidly changed the container shipping environment and individual container shipping companies must take urgent action to counter the effects of the current downturn, said NOL container line arm APL's greater China president Dan Ryan at the 2nd Containerisation and Liner Shipping China conference in Tianjin yesterday.
  • Mitsui OSK to beat H1 profit target
    Mitsui OSK Lines Ltd, operator of the world's biggest fleet of bulk carriers for shipping commodities, yesterday said that a weak yen, a fall in oil prices and strong freight rates in the first half could push its April-September profits above its earlier estimates.

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Sched Netweb site
SEPTEMBER 25, 2008
  • APL chief calls for action to counter shipping downturn
  • Washington forbids Americans to deal with Iran transport bodies
  • Somalian pirates allow Sinotrans captives to phone home
  • US Customs 10+2 security filing 'days or weeks' away
  • CMA CGM reshuffles Asia-West Med services
  • West coast container ports' August volumes decline
  • Extra capacity added to China-Japan regional trade
  • Chongqing to build bonded free-trade zone in October
  • Cranes to get bigger to keep up with explosive growth in ships
  • Russian Railways first block train from mid-Russia to Rostov
  • Teamsters welcome US vote to bar Mexican trucks
  • American Airlines postpones launch of Chicago-Beijing flights
  • China's air transport growth continues to shrink
  • Lufthansa buys Smiths Detection desktop bomb detectors

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Exim Indiaweb site
SEPTEMBER 25, 2008
  • Reducing vessel speed wasteful & costlier, asserts Lloyd's Register
  • Dolphin Offshore bags 2 vessel charter deals
  • Cellular shipping horizon clouded by global slowdown
  • Rising piracy impels INSA to seek prompt govt action to protect seafarers & ships
  • Navy may rush to the rescue
  • Major 2-day maritime event begins today
  • Spain's Port of Ferrol to showcase new container logistics facility
  • Arun Ramanathan appointed Finance Secretary

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Maritime Global Netweb site
SEPTEMBER 24, 2008
  • Russia to send warships to Gulf of Aden
  • Good prospects for ROVs
  • APL man says lines must act as downturn bites
  • Golden Ocean raises cash in sale/leaseback deal
  • Approved ballast treatment systems "now available"
  • GL launches new boxship rules
  • Danaos deliveries

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Marine Logweb site
SEPTEMBER 24, 2008
  • Yes, there will be a third DDG 1000, maybe
  • Navios blank check start-up has its money in T-bills
  • Security team shots foil attack on MSC oiler
  • Turkish yard offers new handy-size bulker design
  • Rolls-Royce launches new waterjet range
  • Shipowners missing out on fuel savings

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World Wide Shipperweb site
SEPTEMBER 24, 2008
  • Workers go on strike at Oak Harbor Freight Lines
  • Emergency Functional Exercise scheduled for today in Seattle
  • Construction changing traffic flow near Portland International Airport
  • Port of Bremerton in line to receive DOC grant dollars
  • US steel imports down during August

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Lloyd's Listweb site
SEPTEMBER 24, 2008
  • Hopes of fourth quarter bulk bounce evaporate
    DRY BULK market's hopes for late-year rebound are dashed as uncertainty clouds Chinese steel demand sets up rates to fall further.
  • Transport committee chairman condems port rate hikes
    PORT operators protesting against multi-million pound backdated rates bills have gained a key ally.

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Fairplayweb site
SEPTEMBER 24, 2008
  • DNV chief defends Commission
    CONTROVERSIAL remarks by ABS chairman and CEO Robert Somerville, reported earlier this week, have been described as "unjust comments" by DNV Maritime COO Tor Svensen
  • Gunvor faces testing times
    THE RUSSIAN oil trading company Gunvor is facing margin uncertainties as the global oil price falls, and Russian producers respond to a profit squeeze of high taxes and rising costs
  • Going green comes at a price
    MEETING future environmental challenges will provide opportunities for shipbuilders but will come at a cost, warned government ministers from Germany and the Netherlands at a seminar during the SMM exhibition in Hamburg
  • BP considers Caspian investment
    BP is considering selling its stake in the Caspian Pipeline Consortium, and exiting its joint ventures with Russian and Kazakh oil and gas producers
  • Abkhazia seeks sea link renewal
    ABKHAZIA plans to restore direct sea links with Turkey, the breakaway republic's foreign minister has said
  • 17 missing as ship goes down off Macau
    HOPES for the safe return of 17 crew members of a South Korean freighter are fading as their ship was found capsized earlier today off the coast of Macau
  • Aden set for 'war-risk' status
    THE PHILIPPINE government plans to declare the Gulf of Aden a 'war risk area' as part of a set of measures to protect its seafarers against piracy and let them benefit from hazard pay

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The Journal of Commerceweb site
SEPTEMBER 24, 2008
  • LA-LB trucks plan clears legal hurdles
    Ports ready controversial anti-pollution plan for October 1 start after program clears initial legal challenges.
  • Fee system delay won't stop LA-Long Beach truck plan
  • Galveston port open
  • APL executive warns of Asia-Europe overcapacity
  • Virginia ports reorganizes marketing, offers buyouts
  • Miami River re-opens
  • U.S. steel imports down
  • OCR speeds Portland gates
  • New scanners for Rotterdam
  • Appeals court affirms Rule B wire transfer attachment
  • WTO: Economic crisis shouldn't derail trade talks

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Containerisation Internationalweb site
SEPTEMBER 24, 2008
  • Itaqui back in the box trade
  • Maersk's AE10 back to Dunkirk
  • Slow-steaming: a risk to engine reliability?
  • GL adds seven more box behemoths to its class portfolio
  • Crowley beefs up its equipment

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TradeWindsweb site
SEPTEMBER 24, 2008
  • Class divide
    Tor Svensen tells TradeWinds WebTV why Robert Somerville was wrong to pick a fight with the EU.
  • Clash of titans
    Tor Svensen (pictured) and Robert Somerville go head to head after ABS chief stirs up row with the EU.
  • Watch this space
    The man to fill Geir Sekkesaeter's shoes will be unveiled within a month, says Dag Schjerven.
  • Dodging bullets
    Capt Pottengal Mukundan explains how ships can fight off pirate attacks.
  • Call to arms
    Action needed now to prevent attacks from pirates who have no fear of reprisal, Capt. Pottengal Mukundan says.
  • Going greener
    No chance of a lapse in shipping's environmental movement however tight credit gets, says Peter Stockley.
  • Crew feared dead
    Typhoon Hagupit hampers search for 17 crew members of Korean ship found capsized off Macau.
  • Doris deal
    Norwegian owner Wilson snaps up Arno Shipping's boxship to add to sister it acquired in 2006.
  • Gloom from Opec
    Analyst claims cartel's crude output to fall by 800,000 barrels per day this month ' bad news for tanker owners.
  • Dong bond deal
    Vietnamese shipbuilder Vinashin to raise $181m through bond sale and could be in for large steel mill.
  • LNG fuel first
    Norwegian owner Sea-Cargo's new Bharati-built ro-ros will be first in the world to run on LNG.
  • More for Davie
    Penurious Canadian yard secures more vital contract price rises, this time for accommodation ships ordered by Ocean Hotels.
  • Sevmash behind
    Russian shipyard follows Odfjell order fiasco with admission that Gazprom oil platform will be delayed.
  • Top change at BP
    John Ridgway to take reins at BP Shipping as David Baldry steps down as CEO "for personal reasons".
  • No Italian job
    Things get racy in Med as Luka Koper pulls out of JV to manage Trieste terminal due to 'unfavourable' politics.
  • Floro floored
    STX will have to face up to losses of $114m for a newly acquired Norwegian yard in 2006 and 2007.
  • Golden lets go
    Golden Ocean sells kamsarmax newbuilding in China but takes it back on charter for 10 years.
  • Seventh heaven
    Thai owner Jutha Maritime emerges as buyer of Oceania Queen general cargoship ' ship number seven in its fleet.
  • No pain, no gain
    APL executive calls for dramatic action if industry wants to counter a "significant downturn".
  • Yet again
    Another fire breaks out at a Singapore shipyard, injuring worker carrying out welding work.
  • Ill winds
    Hurricanes Ike and Gustav to shave $0.03 per share off Joe Pyne-led tank-barge player Kirby's third quarter earnings.
  • Big chunks
    John Fredriksen adopts Warren Buffet style mentality in acquisition of SapuraCrest shares.
  • Is it fair?
    STX takeover of Aker Yards has Corrado Antonini asking questions, while Fincantieri privatisation is on hold until the spring.
  • Fillip for Cosco
    Cosco Shipyard Group wins newbuilding and conversion deals worth over $250m.
  • Wartsila buys
    Finnish engine builder buys another ship design consultancy, this time in Singapore.

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American Shipperweb site
SEPTEMBER 24, 2008
  • APL executive calls for carrier discipline to beat downturn
  • Financial doubt could impact 50% sale of Korean shipbuilder
  • IRISL executive: Carrier will work around U.S. sanctions
  • Danaos takes deliver of two ships
  • Arrests made after Durban container thefts
  • TNT expands international express network in China
  • Truckers call for energy plan
  • CBP seeks recruits for 10+2 system test
  • China files WTO grievance over U.S. duties on steel pipes, tires
  • USDA bans imports of ash plants
  • Sonic names Malamet executive VP
  • DB Schenker to buy Romanian forwarder Romtrans
  • FMC reviews 11 OTI license applications
  • FMC warns SoCal ports to keep commission in the loop
  • SoCal ports approve truck plan financing contracts with Daimler
  • Chiquita enters 11-year lease with Port of Wilmington, Del.
  • Stella! MSC ship breaks box record in New Orleans

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The Scandinavian Shipping Gazetteweb site
SEPTEMBER 24, 2008
  • Aker confirms dispute with NCL
    Aker Yards France has confirmed that there is a dispute with Norwegian Cruise Lines about the cost of the first of the 150,000 tons and 4,200 passenger post-panamax F3 newbuildings. "We regret that we have a situation with a ...
  • Pirates released from Absalon
    The pirates held in custody on board the frigate Absalon was released this morning. It turned out that there was no legal ground for the prosecution under Danish law and if they were taken to Denmark they would have been ...

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The Bunker Bulletinweb site
SEPTEMBER 24, 2008
  • EPA research vessel diesel spill
    Clean-up operations underway after research ship leaks diesel fuel into US river.
  • Bunker costs 'still remarkably high'
    Fuel represents '70% of APL's operating costs' on transpacific routes.
  • Global bunker marker report
  • Rotterdam market remains firm
  • Asian bunker markets steady
    Prices show little movement following three weeks of almost unprecedented volatility
  • Fuel oil cargoes heading east
    More product booked for Singapore as Middle East differential widens.
  • Norwegian firm in fuel efficiency project
    Project seeks to plot a ship's speed against the power applied to a propeller shaft.
  • United Bunkering & Trading appoints new MD
    UBT trader/manager takes on new role as MD in Singapore and Hong Kong.
  • Sri Lankan bunker suppliers ink tank agreement
    Lanka IOC and Lanka Maritime Services among those who have agreed Sri Lanka Ports Authority's terms and condition.
  • Chimbusco enters Shenzhen to compete with Brightoil
    Chimbusco ends Brightoil's short-lived monopoly in the Shenzhen port region.
  • Sri Lankan firm may buy bunker tankers
    CSC Kandia will start with one tanker, but others could follow.

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