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Shipping News

Missing ship, crew found off West Africa
The high seas mystery surrounding the disappearance of the freighter Arctic Sea ended on Monday with the Russian navy's discovery of the ship off the coast of West Africa, far from the chilly waters of Finland where it launched.
Grounded ship carrying gas oil freed
A ship carrying 105,000 barrels of vacuum gas oil was freed on Monday after running aground late on Sunday in the Delaware River, the Coast Guard said.
Traders call for electronic platform
Shipping-derivative traders urged the Baltic Exchange Ltd, the world's largest shipping bourse, to create a single electronic platform to handle the contracts.
More than 8,000 vessels stranded on east China river
Poland fails to receive funds for 2 troubled shipyards

Strait Talk

Hold the fire?
SHIPS' crew are civilians - even though this statement may bring a wry smile to the faces of officers who did their initial training at certain nautical establishments. It may be true that the professional discipline required for life at sea, and culture imbued into recruits at many colleges, are in some respects similar to those of the armed forces.

Shipping Times

British rail ticket prices to fall next year
British rail fares will fall across the majority of routes next year following the latest inflation data, although the decrease will only slightly offset the huge hikes made early this year.
Airport near Oxford takes on London name
An airport more than 100 kilometres from Britain's capital has been renamed London Oxford, leaving some scratching their heads.

web site

Shipping News

Missing ship, crew found off West Africa
The high seas mystery surrounding the disappearance of the freighter Arctic Sea ended on Monday with the Russian navy's discovery of the ship off the coast of West Africa, far from the chilly waters of Finland where it launched.
Grounded ship carrying gas oil freed
A ship carrying 105,000 barrels of vacuum gas oil was freed on Monday after running aground late on Sunday in the Delaware River, the Coast Guard said.
Traders call for electronic platform
Shipping-derivative traders urged the Baltic Exchange Ltd, the world's largest shipping bourse, to create a single electronic platform to handle the contracts.
More than 8,000 vessels stranded on east China river
Poland fails to receive funds for 2 troubled shipyards

Strait Talk

Hold the fire?
SHIPS' crew are civilians - even though this statement may bring a wry smile to the faces of officers who did their initial training at certain nautical establishments. It may be true that the professional discipline required for life at sea, and culture imbued into recruits at many colleges, are in some respects similar to those of the armed forces.

Shipping Times

British rail ticket prices to fall next year
British rail fares will fall across the majority of routes next year following the latest inflation data, although the decrease will only slightly offset the huge hikes made early this year.
Airport near Oxford takes on London name
An airport more than 100 kilometres from Britain's capital has been renamed London Oxford, leaving some scratching their heads.

web site

Shipping News

Missing ship, crew found off West Africa
The high seas mystery surrounding the disappearance of the freighter Arctic Sea ended on Monday with the Russian navy's discovery of the ship off the coast of West Africa, far from the chilly waters of Finland where it launched.
Grounded ship carrying gas oil freed
A ship carrying 105,000 barrels of vacuum gas oil was freed on Monday after running aground late on Sunday in the Delaware River, the Coast Guard said.
Traders call for electronic platform
Shipping-derivative traders urged the Baltic Exchange Ltd, the world's largest shipping bourse, to create a single electronic platform to handle the contracts.
More than 8,000 vessels stranded on east China river
Poland fails to receive funds for 2 troubled shipyards

Strait Talk

Hold the fire?
SHIPS' crew are civilians - even though this statement may bring a wry smile to the faces of officers who did their initial training at certain nautical establishments. It may be true that the professional discipline required for life at sea, and culture imbued into recruits at many colleges, are in some respects similar to those of the armed forces.

Shipping Times

British rail ticket prices to fall next year
British rail fares will fall across the majority of routes next year following the latest inflation data, although the decrease will only slightly offset the huge hikes made early this year.
Airport near Oxford takes on London name
An airport more than 100 kilometres from Britain's capital has been renamed London Oxford, leaving some scratching their heads.

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HK July cargo down 14.5pc to 1.93 million TEU, Singapore off 18.6pc Scrapping hits new high as 4,000-TEU ships go to the breakers CMA CGM increases subcontinent to Med, Europe rates APL box volumes drop 11pc but rate per box rises Cosco Pacific container terminal throughput down 6.7pc in July Russian navy finds Arctic Sea, but mystery remains unresolved Panama Canal fetes its 95th birthday on eve millionth transit Pakistan starts container train trials from Islamabad to Istanbul American rail carloads down slip slightly, but boxes up Boxes up as North American trucking quarterly volumes fall China's air cargo June volume rises 12.1pc as HK's slides CITIC sheds 14.5pc of Cathay, Air China buys 12.5pc, Swire takes 2pc UPS, China's DHgate.com join in e-commerce shipping service

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AUGUST 17, 2009
C.H. Robinson Worldwide expands in France C.H. Robinson Worldwide Inc ("C.H. Robinson"), one of the largest produce sourcing and non-asset based logistics companies in the world, has expanded its produce operations by open... Rutges Cargo joins Wallenborn Group The Wim Bosman Group, a logistics company based in the Netherlands, has streamlined its core activities by selling Rutges Cargo, its air-cargo trucking subsidiary, to the... Rhenus providing logistics and IT services for Dr Otto Schmidt The Cologne (Germany)-based publishing house Dr Otto Schmidt has entrusted Rhenus Medien Logistik GmbH with a comprehensive service and logistics contract. Rhenus will implement it... Sascha Üblacker named sales director at MAN Rental Sascha Üblacker is the new sales director of the MAN Rental operator Truck Rental Solutions GmbH, based in Sittensen (Germany). He is responsible for the Germany-wide development a... Difficult market conditions lead to declines The Eurogate Group reported a 10.1% decline in container handling volumes in H1/2009, compared to the same months the previous year, due to the slump in global ... Prince Rupert cargo volumes rebound to match 2008 performance Canada's Prince Rupert Port Authority reported an upsurge in volumes in Q2/2009, so that the half-year mark was on par with the first six months of 2008. The port te... Port of Hamburg seaborne cargo still low in H1/2009 Germany's port of Hamburg handled a total of 54.2 million t of seagoing cargo in the first half of this year. This represents a drop of 23.7% compared to the same period in 2008. P... Norfolk Southern selects Greencastle site for new regional intermodal facility The US railway Norfolk Southern announced that it will construct a new intermodal terminal in Greencastle PA to serve the mid-Atlantic region, as part of the company's mu...

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AUGUST 18, 2009
Arctic Sea arrests Attempted pirate attack off Singapore New contract for Farstad French warship rescues refugees

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AUGUST 18, 2009
MARAD announces $98 million in shipyard grants NASSCO launches T-AKE 9 Eight hijack suspects held on Arctic Sea

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AUGUST 18, 2009
Doubt casts over Arctic Sea hijacking SENIOR Finnish policeman reveals it was a case of aggravated criminal extortion. MSC benefits from scrapping spree AGGRESSIVE programme leaves MSC with no idle vessels in contrast with MISC and CSCL. Future of Polish yards under threat INVESTOR behind acquisition of state owned shipyards has failed to pay the 381m Zloty ($129m) it offered.

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AUGUST 18, 2009
CSAV renegotiates orderbook THE board of embattled Chilean liner CSAV has approved the restructuring of its newbuild programme Kremlin confirms hijacking RUSSIA'S foreign ministry reportedly confirmed today the long-held theory that the freed cargo ship Arctic Sea had been hijacked in the Baltic Sea Floating facility tied to Oz deal AUSTRALIA'S energy producer Santos backed some of its unexplored gas fields today into a venture with GDF SUEZ, before building a floating LNG facility Russian ex-official grabs Wadan HOPE HAS returned to Germany's Wadan Yards with the acquisition of the insolvent shipbuilding group by former Russian energy minister Igor Yusufov Iscomar ferries remain afloat SPANISH owner Contenemar said today ships run by its subsidiary Iscomar Ferries are still working, even though operating payments have been suspended for most of its ships and terminals Turkish ship crew fined in Poti A GEORGIAN court today fined the crew of the Turkish tanker Buket 66,000 lari ($39,653) for transporting a cargo of fuel to breakaway Abkhazia Gauguin become Beachcomber THE LUXURY cruise ship Paul Gauguin has been sold to Pacific Beachcomber, a leading Tahitian hotel owner

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AUGUST 18, 2009
California Port Labor Dispute Settled DOT Grants $98 Million in Stimulus for Shipyards SIA Cargo Load Factor Jumps Zenith Adds Furniture Distribution Center Hopes Fade for ILA Contract Extension Watco Launches Alabama Warrior Line Charleston Profit Falls 53 Percent Trade Slump Hurts West Coast Container Volume Moller-Maersk Eyes Insolvent Competitors Wabtec Commuter Sales Help Offset Freight Decline Panama Canal Signs Locks Construction Contract Mumbai Port Cuts Box Charges Russia Arrests Eight for Hijacking Arctic Sea Hamburg Box Traffic Plunges 28.7 Percent Coast Guard Tightens Hurricane Rules in New Orleans Ship Calls at Port of Olympia Increase Metals Market Expands Rotterdam Steel Contract London Heathrow Freight Grows in July CMA CGM Hikes India-Europe Rates

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AUGUST 18, 2009
Hurricane Bill threatens Arctic Sea 'hijackers' held Stocks suffer on sustainability fears DFDS still looking for Zero Cosco Busan managers in guilty plea

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AUGUST 18, 2009
DVB takes stock Bank is now a shareholder in Top Ships as it gains security for products-tanker bridge loan. Diana dividend? Analyst sees long-range return of shareholder payouts from Greek owner, but not before a little bulker shopping. Pole-axed Vital sale of Gdynia and Szczecin shipyards falls through after mysterious buyer fails to meet payment deadline. FreeSeas buys Ion Varouxakis-led bulker owner snaps up distressed handymax, with Eastwind vessel the prime candidate. Four for Onsys Malaysian owner signs for more bunker tankers at Titan's Quanzhou shipyard in China. Arctic Sea arrests Eight Russians, Latvians and Estonians arrested over 'hijacking' of ship found off Cape Verde on Monday. Bank looks east Norwegian bank DnB NOR establishes Asian-based equity research and securities sales team in Singapore. More rises Maersk includes another two routes in ongoing rates restoration drive. Scout flees south Farstad anchor handler to escape the North Sea for the next two years thanks to $30m deal with Petrobras. Aggressive buying Indian breakers pay $515 per ldt for pair of Turkish tankers in strong market. AI widens loss Owner of US-based Windstar hit by falling revenues in first half as it divests non-core businesses. $237m up Hornbeck Offshore completes enlarged notes issue and earmarks $200m to repay debt. Gas dreams Igor Yusofov's new company in the clear to focus on LNG carriers and icebreakers after takeover at Wadan Yards. Brace yourselves Jaya fires full-year profit warning as the cost of reshuffling its newbuilding orderbook hits home. Pair pushed back CGGVeritas requests 18 month delay to Eidesvik Offshore newbuildings at Ulstein Verft. Grisly sighting Police hunt sparked after Australian ferry passengers see human leg floating in waters off Victoria. Power of three Operating profit at Eidesvik Offshore climbs 26% in the second quarter thanks to the introduction of newbuildings. JES drops Chinese shipbuilder sees second quarter profits slide by two thirds as operating costs jump. Tanker refloats Jill Jacob frees itself after shifting cargo following grounding in Delaware River, US. In the dark Analysts feel Rickmers Maritime has left too many questions unanswered over dividends and funding. Breathing space Singapore courts give troubled offshore vessel builder and owner Jaya Holdings room to manoeuvre. Green shoots? Singapore has seen container throughput reach its highest level in eight months. Fisher buys UK marine services group continues expansion with '5.25m move for nuclear engineering company. Flamingo hits Small fuel leak reported after Corrib Gas support ship grounds on rocks off Ireland. Gauguin sold One-ship luxury cruise operation acquired by French Polynesia-based resort group for undisclosed fee.

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AUGUST 18, 2009
Maersk considers acquisitions, but not now Arctic Sea rescued off Africa Coast MSC raises forest products rates to South America APL Logistics consolidates operations Menlo opens export center for Caterpillar Report: L.A.-Long Beach rebound to take time Suez Canal struggles continue in July Hamburg looks for positives after first half drop-off

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AUGUST 18, 2009
Creditors back Eimskip All Eimskip's unsecured creditors have now voted in favour of the composition proposal, which was therefore approved. Eimskip states that it will "preserve the company's operations and safeguard 1,500 jobs Tallink Silja to lay off 80 employees Tallink Silja OY, the Finnish subsidiary of AS Tallink Grupp, wants to reduce the number of staff in the shore-based organization by 80 full-time positions out of a Arctic Sea found ' eight hijackers detained The missing cargo ship Arctic Sea has been found ' off Cape Verde. Eight alleged hijackers from Estonia, Latvia and Russia have been detained. "The hijackers boarded the Arctic Sea, threatened

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AUGUST 18, 2009
Bunker prices climbing in Northern Europe Avails tighten for prompt supplies in Rotterdam. Container line reports loss But lower bunker prices mean year-on-year operating costs have fallen. Oil major takes storage in Fujairah Total's trading arm signs deal to store fuel oil. Call for Svalbard fuel oil ban Governor of the Norwegian archipelago says the area is not equipped to respond to a major spill. Aegean ready to explore growth opportunities 'Actively exploring' new opportunities through startups or acquisitions, 19 newbuilds in the pipeline. Middle East fuel oil cargo commands higher premium Domestic demand limiting export volumes. Bunker prices mixed as crude rebounds Moderate gains in some ports while prices fall further elsewhere in Asia. DnB NOR sets up equity research and sales unit in Singapore Focus on companies in the energy and maritime sectors and investors active in Asia. Fujairah bunker prices back above Singapore Premiums firm amid tight regional fuel oil supplies.