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Shipping News

Daewoo Shipbuilding sale scrapped, says report
Daewoo Shipbuilding & Marine Engineering Co's 6.3 trillion won (S$6.9 billion) sale to Hanwha Group was scrapped by Korea Development Bank, said a person familiar with the transaction.
China Merchants to slash capital spending
China Merchants Holdings (International) Co, the investor in ports moving a third of China's containers, expects capital expenditure to fall as much as 50 per cent this year as trade wanes amid a global slowdown.
Mascalzone Latino wins Key West regatta
Italian businessman Vincenzo Onorato raced Mascalzone Latino to a win and a second-place finish at the Acura Key West regatta on Tuesday.
Excel calls off deal to buy ship

Logistics

Likelihood of UPS-DHL deal in doubt
UPS Inc's talks with DHL about carrying some of its air packages have gone into overtime, raising questions about whether a deal will ultimately be struck.

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Shipping News

Daewoo Shipbuilding sale scrapped, says report
Daewoo Shipbuilding & Marine Engineering Co's 6.3 trillion won (S$6.9 billion) sale to Hanwha Group was scrapped by Korea Development Bank, said a person familiar with the transaction.
China Merchants to slash capital spending
China Merchants Holdings (International) Co, the investor in ports moving a third of China's containers, expects capital expenditure to fall as much as 50 per cent this year as trade wanes amid a global slowdown.
Mascalzone Latino wins Key West regatta
Italian businessman Vincenzo Onorato raced Mascalzone Latino to a win and a second-place finish at the Acura Key West regatta on Tuesday.
Excel calls off deal to buy ship

Logistics

Likelihood of UPS-DHL deal in doubt
UPS Inc's talks with DHL about carrying some of its air packages have gone into overtime, raising questions about whether a deal will ultimately be struck.

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Guangdong-Taiwan direct container shipping route opens Idle containership fleet grows to 255 vessels - 675,000 TEU CBP tells HKSG conference of year's grace on 10+2 rule CSAV US and South America east coast change impacts Far East Long Beach port faces US$12 million loss in Lehman failure Long Beach Port investigates oil leak from box ship Suez SCCT volume up 34 per cent to 2.4 million TEU in 2008 Toll acquires heavy duty box scale for Sydney area shop Downturn a chance to expand for those who fit: shipping accountant Air China's wrong-way hedging, falling demand drives loss Air France-KLM suspends cargo service to Guangzhou EGSAC adds Denmark's Cargo Care International to network

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Softlink trains customers to simplify operations Organises advanced training programme for BCHAA members SSA hails Korea SC decision to free Indian naval officers Coir exports net more in value than volume 3 major federations put off nationwide port strike Sarma lends receptive ear to Kandla Port workers' demands E. Coast ports must get equipped to handle more containerised cargo, stresses Hajara Tanzanian President orders auction of containers 'abandoned' at ports Rlys move more freight in Dec. Concor installs weighbridge at DRT CFS CMIE projects 7.4 pc growth in Q4 & entire fiscal Ahluwalia rules out further tax cuts in Stimulus Package-III Economic pundits paint gloomy scenario

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JANUARY 20, 2009
GPLN welcomes new member in Germany GPLN, the global project logistics network, recently welcomed the German service provider Westfracht Spezialverkehre International GmbH, as the newest member. The co... BNSF relacing rails and ties in Texas Fort Worth TX (USA)-based US rail operator BNSF Railway Company recently dispatched four maintenance crews to replace rail and ties between Galveston and Temple, and Alvord and Rho... Rail sector welcomes publication of "truth about trucks" study The European rail sector has welcomed the publication of the CE Delft study "Are trucks taking their toll?" which provides solid and unbiased scientific evidence on environmental, ... Fly LAL terminates all services FlyLAL - Lithuanian Airlines surprisingly ceased operations on 17 January for financial reasons. A report on the airline's website said that the promised investments from Swiss Cap... Air France Cargo suspends flights to Guangzhou The French freight only airline Air France Cargo has terminated all freighter flights between Europe and Guangzhou (China) with immediate effect. The move is due to poor load facto... GAC Group opens new office in France The Dubai (UAE)-based global logistics group GAC opened a logistics business development office in Lille (France) this month (January). The facility is run by European ke... Dachser relocates Nuremberg logistics centre The German service provider Dachser relocated its Nuremberg logistics centre to Thomas-Dachser-Strasse 4 at the end of December 2008. The company said that its facility on a 1... Honold building in Augsburg Honold, a German logistics group, recently held a ground-breaking ceremony for a 8,500 sqm handling and logistics platform, with 90 truck docks, and 1,600 sqm of office space. The ... Grimaldi goes low cost on its new links The Grimaldi Group of Naples (Italy) has just announced that it will open nine new Motorway of the Sea links for passengers and cargo. The new low cost offer will deploy the c... Iberia Cargo increases services to the Canaries The Spanish freight airline Iberia Cargo is increasing cargo capacity by 33% on routes to/from the Canary islands this year. Iberia plans to carry out 1,025 flights with Airbu... Transhipping Air Cargo one year in Bilbao The Spanish Iata cargo agent Transhipping Air Cargo recently celebrated the first aniversary of its office in Bilbao (ES). The latter is managed by Begonia Garin. The company, whic... Port of Kiel: cargo volume dips The port of Kiel (Germany) has further consolidated its position as Germany's most popular cruise shipping port and posted a big increase in passenger totals, a spokesperson said. ... Elite Transport Services Ltd chooses 'TOPS...on the go' from Fargo Systems Elite Transport Services Ltd, the UK container transport company, recently committed to rolling out the 'TOPS...on the go' mobile telematics solution from Fargo Systems as part ... Rhenus opens multimodel container terminal in Moscow The Rhenus group, headquartered in Holzwickede (DE), is developing its logistics activities in Russia. Rhenus reported that it phased in a multimodal container terminal in Yuzhniy ... BigLift expands the heavy lift fleet Amsterdam (Netherlands)-based BigLift Shipping will put five more heavylift vessels into service in 2010. The "D-4" class ships will be delivered by the Oukra yard in China from mi... Carlsberg switches to Jungheinrich The British-based brewer Carlsberg is upgrading the materials handling equipment fleet throughout its UK distribution operation with products from the Jungheinrich range. Carlsberg...

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JANUARY 21, 2009
Turkish freighter sinks Nigerian gunmen kidnap seafarer, damage tanker Chemoil's Indian JV starts work Mouzouropoulos retires from Belize flag "Fit crane sensors!" says TT

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JANUARY 21, 2009
S&P cuts OSG ratings outlook Washburn & Doughty books order for Intercon tug

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JANUARY 21, 2009
Vessels take quick action to respond to plane in Hudson APL nets high rating from Singapore secure trade program Port of Tacoma places Pacific Gateway magazine online The Pasha Group inks deal to help market Port of Grays Harbor Crowley helps move incinerator to Tortola

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CSCL forecasts 50% profit plunge CHINA Shipping Container Lines warned of more than a 50% drop in profit in 2008. PIL and Wan Hai cut transpacific service EP Carriers faces legal claims, vessel arrests CLAIMS for $3.9m have been filed against struggling Singapore container line EP Carriers and three of its four vessels have been arrested.

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JANUARY 21, 2009
Kyoto 2 to include ship emissions THE EC will propose next week that measures to cut air pollution from ships will be included in the successor to the Kyoto Convention on climate change, sources in Brussels said today Obama targets tanker imports US President Barack Obama wants to "eliminate current imports from the Middle East and Venezuela within 10 years", according to the new energy policy released upon his inauguration Antwerp posts recession-proof 2008 ANTWERP sustained its port throughput growth in 2008 despite the global economic downturn in the last quarter Scrapyards feast on recession DEMOLITION statistics today revealed a global rise of 32% for ship disposals this year up to 20 January, compared with the same period of last year Matson slashes jobs, freezes wages MATSON Navigation will slash 60 non-union jobs and is freezing some pay raises Nordcapital bucks equity trend NORDCAPITAL Holding said today it had record equity placings last year, thus bucking the sector's general downward trend Nigerians seize man, dynamite ship A ROMANIAN seafarer was kidnapped today in an attack on a chemical tanker off Nigeria

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JANUARY 21, 2009
White House order may delay 10+2 import rule LA-Long Beach to collect clean-trucks fee Feb. 18 Senate committee OKs LaHood's DOT nomination Coface puts China, Russia on negative watch list CSAV expands port coverage of Asia-US East Coast China Shipping warns 2008 profit may fall by half Matson to cut 10% of staff Maersk shipyard to focus on building smaller vessels EC plans shipping policy Trade boosts optimism of small business: UPS survey

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JANUARY 21, 2009
Obama inauguration pomp fails to halt Dow plunge Safmarine celebrate vessel naming with CEVA Oakland suffers as well Groseclose out at South Carolina SJPC confident on PMT

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JANUARY 21, 2009
Spain sends navy Congress approves sending frigate and supply ship to fight piracy off Somalia. OSG 'negative' Standard & Poor's Ratings Services cuts tanker owner's outlook from 'stable' on falling rates. Grimaldi fans out Italian ro-ro and ferry operator launches nine new passenger and freight services linking Italy with Spain, Tunisia and Malta. MEND ally blamed Movement for the Emancipation of the Niger Delta says affiliate group carried out dynamite attack on tanker. Ad exec on board Cruise giant Carnival Corp adds Omnicom Group CFO to board of directors. Italian ship sinks Owner of Turkey-flagged ship with chequered detention record mum on sinking off France. US adds port regs Ships face entry conditions after Venezuela calls because of inadequate security at country's ports. Downsizing Maersk's Lindo shipyard to focus on smaller ships and rent out facilities in bid to stem losses. Handy financed Aristides Pittas-led Euroseas bags $10m loan facility to buy handymax bulker Solar Europe and secures further FFA coverage. Tanker 'blown up' Nigerian bandits abduct Romanian crew member and blast ship's engine with dynamite. New for Nigeria Indigenous Shipowners Association on the hunt for six tankers to launch new national shipping company. Daewoo sale off Korea Development Bank reportedly scraps sale of shipyard group to Hanwha after payment row. Oceans' $13m STX Pan Ocean settles FFA dispute with Golden Ocean for under $13m with arrested ship released. Strike hits reefers Fruit worker blockade at port in Argentine Patagonia targets reefer cargoes. Seaman scalded Double blockage in drainage pipe led to burns for fourth engineer on Soro Maersk boxship. Jobs go at Matson "Continued slowdown in economic activity" sees 10% of workforce slashed at Jones Act player. Close shave Diver was 3 metres from doom after air line caught in barge's propeller off the UK, report reveals. BHP axes 6,000 Numerous first-half records at odds with mass lay-offs as mining giant feels pinch of slowing demand. Bound for Brazil Siem Offshore opens two-year PSV deal with StatoilHydro in South America. RCL revises Thai container line prepares for $5m accounting hit as land and property values fall in Singapore, Hong Kong. Tender win Cruise operator Bass & Flinders bags deal to operate fast ferry run from Sydney to Manly. Veteran goes Thailand's Precious Shipping sells another old bulker as fleet clear-out continues. Minoan sells Greek owner's ferry Pasiphae Palace goes to France's SNCM for EUR 75m. FSL to cut divi Singapore shipping trust to trim payouts to shareholders from 2009 due to market uncertainties. BigLift inks five Dutch heavylift specialist goes to China's Zhejiang Ouhua Shipbuilding for series of newbuildings. Ferry freaked NorthLink passengership knocked out of service by freak wave off Shetland Islands.

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JANUARY 21, 2009
China Shipping expects 2008 profit halved Wan Hai, PIL ditch transpacific service Euronav 2008 profit quadruples Forward Air expects lower earnings LAX air cargo volume off 13.5% in 2008 Singapore Airlines cuts 214 flights Buffet boosts BNSF stake to 21.8% CSX results take hit from resort writedown ProLogis sells off China assets Vietnam garment industry feeling heat Forward Air expects lower earnings S.C. ports chief resigns under fire

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JANUARY 21, 2009
Sole look-out on Mirabelle when she grounded The timber-laden 3,650-DWT Mirabelle, built in 1985, which grounded on Friday last week in the Hardanger Fjord in Norway, broke against international regulations as the vessel had only one officer on watch on the bridge at the time ... Broström to 96 per cent Danish A.P. Møller-Mærsk now controls 96.2 per cent of the capital and 97.6 per cent of the votes in the Swedish tanker owner/operator Broström. The acceptance period for the SEK 57 per share offer to those shareholders ... Novoship takes delivery of ten tankers JSC Novorossiysk Shipping Company (Novoship) will take delivery of ten large tankers during 2009, reports SeaNews.ru. Hyundai Heavy Industries in South Korea is building a series of four 112,000-DWT aframax products carriers and six 156,000 suezmax tankers are under ...

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JANUARY 21, 2009
New technologies can help meet regulatory changes '40 percent savings to be achieved' by incorporating alternative systems. Bunker prices in European markets mixed Demand in Rotterdam was reported to be soft. Dan-Bunkering to open office in Singapore New operation will start trading in 'the next couple of months'. Low bunker prices undermine 'slow steaming' Shipping intelligence group says slow steaming may soon no longer be cost efficient. Supplier offering low-sulphur product in another port Cepsa says Las Palmas low-sulphur operation is 'running smoothly'. Asian market mostly soft Bunker prices down today despite crude oil prices closing higher yesterday. Traders warn shutdown could hit bunker supplies Avails could tighten in Japan's bonded bunker market. SPC posts 55.4% drop in profit for 2008 Oil refiner remains profitable on the back of prudent inventory hedging. Chemoil-Adani begins bunker supply in India Chemoil is the first international bunker supplier to enter the Indian market