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Bumi Armada charts dominance course
Bumi Armada CEO and executive director Hassan Basma is very clear about the company's ambitions over the next two years. 'In a nutshell, I want to be No 1,' he tells BT after the recent launch of Bumi's second floating production storage and offloading (FPSO) vessel, the Armada Perdana.
Hapag-Lloyd owners will extend lifeline
The owners of Hapag-Lloyd are preparing to give the German container shipping company further financial support, several sources told Reuters.
Daewoo Shipbuilding buys US wind-power firm
Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest shipyard by sales, acquired DeWind Inc of the US for about US$50 million to move into the wind-turbine industry as orders for vessels slumped.
Star Cruises shares up on plans to sell bonds
Shipping veteran's secret to success is to reinvent
Marine industry sails on the Net's wave
Reconciliation for Koreans after years of abuses

Strait Talk

Difficult times ahead for box lines
THE half-year results released by Neptune Orient Lines (NOL) last week - showing a core loss of US$379 million - are a stark reminder of the dire condition of the container trade.

Shipping Times

More oversight needed for US subway systems
Before June's deadly subway crash, no federal agency stepped in to ensure that the Metro commuter rail system found and fixed the electrical circuits now suspected of contributing to the worst accident in the system's history.
Britain's vehicle scrappage scheme a success
British motorists have bought more than 150,000 new cars under a vehicle scrappage scheme, reaching the half-way mark in an initiative to boost the troubled car sector, the government said on Monday.

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Shipping News

Bumi Armada charts dominance course
Bumi Armada CEO and executive director Hassan Basma is very clear about the company's ambitions over the next two years. 'In a nutshell, I want to be No 1,' he tells BT after the recent launch of Bumi's second floating production storage and offloading (FPSO) vessel, the Armada Perdana.
Hapag-Lloyd owners will extend lifeline
The owners of Hapag-Lloyd are preparing to give the German container shipping company further financial support, several sources told Reuters.
Daewoo Shipbuilding buys US wind-power firm
Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest shipyard by sales, acquired DeWind Inc of the US for about US$50 million to move into the wind-turbine industry as orders for vessels slumped.
Star Cruises shares up on plans to sell bonds
Shipping veteran's secret to success is to reinvent
Marine industry sails on the Net's wave
Reconciliation for Koreans after years of abuses

Strait Talk

Difficult times ahead for box lines
THE half-year results released by Neptune Orient Lines (NOL) last week - showing a core loss of US$379 million - are a stark reminder of the dire condition of the container trade.

Shipping Times

More oversight needed for US subway systems
Before June's deadly subway crash, no federal agency stepped in to ensure that the Metro commuter rail system found and fixed the electrical circuits now suspected of contributing to the worst accident in the system's history.
Britain's vehicle scrappage scheme a success
British motorists have bought more than 150,000 new cars under a vehicle scrappage scheme, reaching the half-way mark in an initiative to boost the troubled car sector, the government said on Monday.

web site

Shipping News

Bumi Armada charts dominance course
Bumi Armada CEO and executive director Hassan Basma is very clear about the company's ambitions over the next two years. 'In a nutshell, I want to be No 1,' he tells BT after the recent launch of Bumi's second floating production storage and offloading (FPSO) vessel, the Armada Perdana.
Hapag-Lloyd owners will extend lifeline
The owners of Hapag-Lloyd are preparing to give the German container shipping company further financial support, several sources told Reuters.
Daewoo Shipbuilding buys US wind-power firm
Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest shipyard by sales, acquired DeWind Inc of the US for about US$50 million to move into the wind-turbine industry as orders for vessels slumped.
Star Cruises shares up on plans to sell bonds
Shipping veteran's secret to success is to reinvent
Marine industry sails on the Net's wave
Reconciliation for Koreans after years of abuses

Strait Talk

Difficult times ahead for box lines
THE half-year results released by Neptune Orient Lines (NOL) last week - showing a core loss of US$379 million - are a stark reminder of the dire condition of the container trade.

Shipping Times

More oversight needed for US subway systems
Before June's deadly subway crash, no federal agency stepped in to ensure that the Metro commuter rail system found and fixed the electrical circuits now suspected of contributing to the worst accident in the system's history.
Britain's vehicle scrappage scheme a success
British motorists have bought more than 150,000 new cars under a vehicle scrappage scheme, reaching the half-way mark in an initiative to boost the troubled car sector, the government said on Monday.

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CMA CGM ups transpacific, transatlantic US export rates September 1 Too few small ships that can best benefit from recovery: Alphaliner MSC, CMA CGM take on Atlantic loop after Evergreen, CSCL quit Maersk's Odense yard to discontinue shipbuilding Hamburg Sud, Alianca, CSAV in new east coast Americas loop Sichuan first half provincial trade value increases 8.1pc Da Chan Bay Terminal hosts Dongguan business seminar Zhejiang first half foreign trade value down 18.9pc FPS Rotterdam launches ocean freight service to Colombia India's container trade expected to thrive: report Nippon Express profits fall 58pc as freight demand fades Work starts on expanding Port of Rotterdam terminal Agility opens LCL container freight station in Dubai Cathay-Dragonair cargo decline eases in July Agility unveils new Malaysia air-sea-road logistics hub UAL's air freight volume rises 5pc in July JAL air cargo revenue declines 56pc in first half

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CSAV Norasia to hike rates on IMEX & Marco Polo services VLCCs more than cargo available in MidEast Sailing smoothly into black, CSL declares maiden dividend 25 pc of Greatship stake may be sold to finance expansion plan Move to narrow trade gap with Thailand Handicrafts body exploring new markets Board of Trade chief stresses need to reduce transaction costs to boost exports Kandla Port retains lead in cargo handling Duty-free sugar imports allowed only through EDI ports Easier access to softer loans drives up truck sales in July Arshiya International's FTWZs fast coming up near JNP & Delhi DTAA with Mauritius to be amended Price index for services sector on anvil 'Exports, soft loans & stimuli will lift Indian economy'

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AUGUST 10, 2009
Agility's profits grow in H1 Logistics service provider Agility has reported rising profitability for the first half of 2009. Revenues declined by 9% to KWD 821 million in H1/2009, compared to H1/2008. Operati... Karl Gross opens new China office The medium-sized Bremen-based German enterprise Karl Gross Internationale Spedition recently opened an office near two industrial consultancies operated by two customers in the Chi... FedEx Trade Networks opens Brazil and Asia offices FedEx Trade Networks, a subsidiary of FedEx, has expanded its global presence with seven new freight forwarding offices in Asia and Latin America. FedEx Trade Networks opened new f... JAL makes huge loss JAL lost USD 1 billion in the last quarter, as the global economic downturn and swine flu fears caused a slump in passenger numbers. The group announced drastic cuts to its flight ... Gottwald lands another contract in Georgia Poti sea port, on the Black Sea in Georgia, has ordered two HMK 260 E mobile harbour cranes from the D'sseldorf-based German company Gottwald Port Technology. The cranes can handle... Freight volume declines in port of Rostock 10.9 million gross t of freight were handled in the port of Rostock (Germany) in H1/2009, 3.1 million t or 22% less than in the like-for-like period last year. The maritime port's ... Long Beach recycling facility features on port website video A massive recycling facility at the port of Long Beach (USA) turns discarded refrigerators, railroad cars, buses, fence posts and other metal trash into a major export item. ... Horizon Lines tops Drewry's punctuality list Horizon Lines, one of the USA's leading domestic ocean shipping and integrated logistics companies, which is based in Charlotte NC, has topped London-based Drewry Shipping Consulta...

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AUGUST 11, 2009
Panama flag: more ships, fewer detentions Maersk to shut shipyard Pacific Adventurer deal done Merged Americas service Anti-piracy water system launched

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AUGUST 11, 2009
Strategic delivers landing craft trio to Kuwait Ship hijacked in European waters? U.K. prevents LNG carrier from sailing DSME swoops on U.S. wind turbine manufacturer Keppel O and M books contracts worth US$59 millione

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AUGUST 11, 2009
Tanker Pacific places vessels into lay-up COMPANY lays up vessels in response to dismal spot market rates for suezmaxes and product tankers. Hijacked crew may have been coerced THE Arctic Sea crew at the centre of hijacking speculation may have been acting under duress when the vessel reported to the British coastguard. Hapag-Lloyd shareholders still locked in talks NO agreement between shareholders reached, amid signs of a split about how much each should contribute.

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AUGUST 11, 2009
Tonga official quits in sinking TONGA'S transport minister resigned today amid new revelations about a ferry that sank last week off the South Pacific nation, with the loss of at least 95 lives Casualties follow Asian storms CASUALTY alerts are flooding in after huge storms left Asian maritime industries reeling Lease-cutting costs tip Top TOP SHIPS has taken a financial hit from its lease cancellation strategy but claims to be well positioned for the future, with no remaining capital commitments Mystery surrounds 'lost' ship REPORTS continued to conflict today on a cargo vessel reported lost at sea with 15 Russian crewmen since July NCL saves way into black NORWEGIAN Cruise Line turned profits in its second quarter by spending less on fuel and switching from US crews to cheaper foreign seafarers Sea4 resists takeover bid NORWAY'S Sea4 told Fairplay today it has advised its shareholders to resist a takeover bid by GC Rieber Ship halted for asbestos check MARGARET Hill, an LNG carrier, has been stopped from leaving Southampton for scrapping on asbestos fears, a UK Environment Agency spokesman told Fairplay today

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AUGUST 11, 2009
LA, Long Beach Ports Target Water Quality Report Slams NY Waterfront Commission Airline ATSG Earned $8.1 Million in Second Quarter Elliott to Take STB Chair This Week Mississippi Export Railroad to Expand Canadian National Tweaks EJ&E Operations Bill Clinton to Lead Haitian Trade Mission Hapag-Lloyd in Talks on Cash Infusion Forwarders Join Forces in India, China UK's Teesport Completes Phase One of Expansion First Boxship Calls New Seattle Terminal Japanese Air Cargo Slump Eases Brazilian Ag Exports Push Santos Volume Up

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AUGUST 11, 2009
40% cargo plunge forces Hamburg Sud and CSAV into bed Seattle's Terminal 30 up and running Eurogate underlines depth of European recession Odense faces final curtain Hapag to ask for state credit

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AUGUST 11, 2009
Eitzen grounds EMS Ship Management says all safe after chemical tanker Sichem Colibri runs aground at the mouth of the Guadalquivir river. Sinotrans sinks Shipowner's first half profit eaten away by stagnating bulker and tanker earnings but it says the worst has passed. $59m for Keppel Keppel Corp's shipyards bag work from Golar LNG, Diamond Offshore, Keppel Smit Towing, Premuda and Seadrill. Texas tug crash Pair of tugs with barges in tow collide, closing Intracoastal Waterway and leaving one vessel partially submerged. Star gets old liner Historic passenger liner United States transferred from Norwegian Cruise Lines to Star Cruises. Eidsiva dives Slumping asset values pump up depreciation and send Norwegian owner to lower profit. Moving too fast Speeding up of newbuilding deliveries will damage resurgent dry-cargo market, Richard Hext's Pac Basin says. Russian rise Growing exports help Russian ports post volume increase in first six months. Suspect nabbed Canadian man suspected of raping woman two years ago collared on Carnival ship in US. Cash crunch Romania's president says Daewoo Mangalia shipyard needs money to keep production going. Gulf gain? Maersk Line hikes fees on container routes from Europe to Middle East. Sevan bags more Oslo listed offshore player tucks away nearly $40m from latest round of fund raising. Save our ship Salvor Smit to attempt refloat of bulker Full City, which is impaled on rocks off Norway. Rio airs concerns Tom Albanese-led miner raises health and welfare concerns for three detained Chinese staff. NCL bounces back Norwegian Cruise Line books a $42.5m swing in second quarter profit as it returns to the black. Another waived George Economou's Nasdaq-listed DryShips scores waivers from West LB for $71m worth of debt. Haze hazard Annual smog threat prompts Singapore authorities to warn shipping of low visibility. Handy hurt Pacific Basin's first half profit plunges as handysize earnings take a battering. IHB loses more Bulgarian shipyard group hampered by higher costs in second quarter. BP cans charter UK oil major said to have cancelled deal to charter rig newbuilding due to delays in delivery. Rieber rejected Atle Bergshaven's Sea4 snubs GC Rieber takeover bid but leaves the door open for a comeback should Halul Offshore deal flop. GE still talking Great Eastern still "in talks" to sell stake in Greatship to private equity to fund offshore expansion. Cochin soars Indian state-controlled shipyard posts big annual profit jump as four supply ships are delivered. Star sells debt Malaysian cruiseship company targeting $150m in revenue from 2016 bond issue. Panama grows Central American ship registry now has nearly 22% of the world fleet as it adds 39 vessels in 2009. Breezing in Korea's Daewoo Shipbuilding enters wind turbine market with $50m US takeover. Kansai falls Japanese ferry owner posts wider losses in first half as revenues slide. Opinions differ Singapore's analyst community remains divided over the prospects for Neptune Orient Lines. CMA CGM merges Liner giants team up on North Europe to South Atlantic route due to sliding container volumes. Death ferry found Rope on surface may lead to sunken Tongan ferry which may now have claimed over 95.

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AUGUST 11, 2009
Alphaliner: Small ship shortage brewing CMA CGM raises U.S. export rates COSCO plans Asia rate hike, surcharge FedEx expands International Economy service "Three Amigos" talk trade, security at summit GAO: U.S. trade pacts reap commercial benefits RILA: Proposed Chinese tires tariffs cost-prohibitive Panalpina takes Japan freight in-house Eurogate first half volume down 10.1% Investment increases Teesport capacity U.S. grant supports Aqaba vessel tracking study

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AUGUST 11, 2009
International master organisation to act in Finneagle case On 29 March this year, an oil spill was detected from the Swedish-flagged ro-pax vessel Finneagle in regulary service between Nådendal in Finland and Kapellskär in Sweden. The Unsecured hatch cover on Langeland The Swedish Coast Guard has again filmed the Norwegian coaster Langeland, lying at a depth of about 100 metres in the Koster Fjord on the Swedish west coast. The film Lindø quits shipbuilding from 2012 Odense Steel Shipyard will cease shipbuilding as of 2012 when the current contracts have been completed. The official decision was taken on Monday this week at a board meeting held Stena Line strengthens capacity on Irish Sea ' unclear situation for newbuildings Stena Line has acquired the SeaFrance Manet which, after upgrading, will be deployed on the Stranraer'Belfast route as complement to the Stena Voyager and the Stena Caledonia. The vessel

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AUGUST 11, 2009
Royal Caribbean consumes less fuel through 'technological advances' Cruise operator reduces consumption by 10,000 tonnes. Repsol denies offer for stake in Argentine unit No 'fixed price' for YPF, negotiations continue. Bunker prices mixed in Europe Crude oil down more than a dollar in early trading on NYMEX. Fuel oil imports to fall But Chinese bunker demand remains firm. Grounded ship's bunkers 'not contaminated' Tests disprove presence of toxic industrial waste. FAL buys fuel oil cargo for Yanbu loading Discounts slightly narrower. Trade monitor explains jump in fuel oil stocks Rise in Singapore inventories partly due to new data. Bunker prices erratic Tuesday Buyers active in Singapore as prices fall, less activity in other key ports. EIA likely to further raise global oil demand forecast Recent trend of upward revisions to continue, analysts say. Morakot grounds tanker off Taiwan Fierce winds and heavy seas preventing inspection. ZIM ups freight rates and bunker surcharge Observers say the shipping companies will face strong objections from shippers.