BRIEFS

web site

Shipping News

India-flagged cargo ship adrift in North Pacific
An India-flagged bulk cargo freighter with a failed engine was adrift on Sunday in the North Pacific, being tossed about by stormy seas and fierce winds, the Coast Guard said.
WWII hospital ship torpedoed by Japanese located
An Australian hospital ship torpedoed by the Japanese during World War II with the loss of 268 lives has been located in waters off the coast of the northern state of Queensland, the government said on Sunday.
North Korea declares disputed waters a 'firing zone'
North Korea declared waters along its disputed sea border with South Korea a 'firing zone' yesterday and warned ships from the South to stay away from the area, which was the scene of a deadly clash last month.

Shipping Times

Eurostar services cancelled 'indefinitely'
The only passenger rail link between Britain and the rest of Europe has been shut down indefinitely, Eurostar said, promising more travel misery for thousands of stranded passengers just before Christmas.

web site

Shipping News

India-flagged cargo ship adrift in North Pacific
An India-flagged bulk cargo freighter with a failed engine was adrift on Sunday in the North Pacific, being tossed about by stormy seas and fierce winds, the Coast Guard said.
WWII hospital ship torpedoed by Japanese located
An Australian hospital ship torpedoed by the Japanese during World War II with the loss of 268 lives has been located in waters off the coast of the northern state of Queensland, the government said on Sunday.
North Korea declares disputed waters a 'firing zone'
North Korea declared waters along its disputed sea border with South Korea a 'firing zone' yesterday and warned ships from the South to stay away from the area, which was the scene of a deadly clash last month.

Shipping Times

Eurostar services cancelled 'indefinitely'
The only passenger rail link between Britain and the rest of Europe has been shut down indefinitely, Eurostar said, promising more travel misery for thousands of stranded passengers just before Christmas.

	web site

APM Terminals establishes regional headquarters in Shanghai Rizhao port throughput growth ranks first of top 10 China ports APL to accept shore to ship electricity cold ironing at Oakland Ningbo Daxie port volume up 13.4pc in first 10 months Regionals' capacity off 3.2pc, but performance better than others Freight forwarding uplift, Asian trade growth expected NYK piracy drill: 'Pirates' spotted, help called and help comes IATA: US$5.6 billion loss as costs keep aviation in the red DHL seeks space after high Xmas demand, and Lunar New Year coming Thai police probe destination of weapons-filled cargo plane

	web site

Container lines to levy emergency revenue charge TNWA announces transpacific service changes Grand Alliance announces winter programme to US WC Le Havre outlines ambitious $ 1-bn port upgrade MAERSK LINE to send 5 ice-class 2,500-TEU ships on Ecubex service ...announces new direct Vietnam (Cai Mep) call Shuttle & regasification vessel GDF Suez Neptune delivered MOL to hike rates from US to Asia U-Ming to increase fleet by 20 ships Ecu-Line to open offices in Sofia, Budapest & Prague "K" LINE in long-term charter agreements with Rio Tinto Famous Pacific Shipping restructures top brass AADA to hike rate on China-Australia route HMM to hike US-Europe rates MISC quits Grand Alliance EDI facility adds feather to cap of Adani Logistics Park at Patli Triway opens container repair & maintenance unit Uganda welcomes investors in all key sectors Exports to Pak via Wagah border register 3-fold rise KPT gets the Stamp of Quality 48 port projects completed under NMDP Alang awaits green signal to scrap largest-ever tanker Major Ports post robust 13 pc growth in cargo throughput in Nov. ECoR posts 10 pc rise in coal traffic Railways to charge box train operators 3-8 pc more from January 1 Infrastructure projects under PPP mode to come under CAG scanner Rs 100-cr. package for MSMEs promotion may be unveiled Mid-year review sees 7.75 pc GDP growth in 2009-10 Mumbai slips behind Delhi in e-commerce

	web site
DECEMBER 21, 2009
Jumbo Shipping discharges longest cargo yet Royal Caribbean gets financing for Allure of the Seas Jeffboat achieves safety milestone Bay Ferries ends Nova Scotia ferry service

	web site
DECEMBER 21, 2009
Juan de Fuca vessel pact celebrates 30th anniversary CMA CGM reaches deal for $500 million credit line APL joins air quality district in vessel emissions project Port of Port Angeles seeking new Harbor-Works Board member Mitsui helps to develop efficiency-boosting fuel additive

	web site
DECEMBER 21, 2009
Climate talks leave shipping in limbo Industry experts left in the dark as meeting fails to produce clear result. Box lines losses reach $12bn Alphaliner estimates collective losses of almost $12bn in first nine months of 2009. Royal Caribbean wins Allure loan Cruise operator secures $1.13bn funding for construction of Allure of the Seas. Conference demise ups competition New report concludes that box lines have abandoned conference era habits and introduced considerable differences in pricing. CMA CGM confirms order cancellation plans But group still taking delivery of 13,800 teu ultra-large boxships.

	web site
DECEMBER 21, 2009
Share shorting by funds seen INVESTMENT managers at mutual equities funds believe that shipping stocks are so overvalued that they are beginning to short such shares, a key insider in that sector has told Fairplay Allure wins Finn backing ROYAL Caribbean's second Oasis-class megaship, the Allure of the Seas, today secured financing guaranteed by Finland export credit agency Finnvera LR acquires Scandpower NORWAY'S risk management company Scandpower told Fairplay today that being bought by Lloyd's Register will boost its shipping business Storms lash crippled bulker STORMS are delaying efforts to rescue the crew of a crippled cargo ship off the coast of Alaska Abu Dhabi Mar weighs yard FLEDGLING shipbuilding group Abu Dhabi Marine Operating is about to land another coup with the submission of the highest bid for ThyssenKrupp subsidiary Hellenic Shipyards

	web site
DECEMBER 21, 2009
U.S.-to-Asia Ship Lines Seek Increase Teamsters Reach Carhaul Accord With GM U.S. Lumber Law Falls Short, GAO Says Chinese Forest Products Imports Soar China Stokes Steel Rally California Highways Most Congested Logistics Executive Fined in Accident NY-NJ Waterfront Racketeer Gets 16 Years Port of Oakland Exports Jump 39.7 Percent Zim Adds Vessel in Med Service U.S.-Japan Trade Gap Widens Trucker Roadrunner Expects IPO in 2010

	web site
DECEMBER 21, 2009
Amsterdam well down Gulf markets nervous ahead of Dubai creditor meeting COP15: 'the only deal available' Transport havoc: cold snaps in Europe and US Messina sticks with ro-ros

	web site
DECEMBER 21, 2009
Daiichi redelivers Safe Bulkers has lost another time charter but expects cash for the early redelivery. Arbitration ahead? Golden Ocean and Pipavav Shipyard are working to prevent a newbuilding contract dispute ending in an arbiter's court. FOP buys afra Fred Olsen company snaps up 1993-built tanker with a view to an FPSO conversion. Hospital drama Sovcomflot trial disrupted after Ince & Co lawyer taken to Moscow hospital for surgery after receiving files. RCCL finances Cruiseship owner Royal Caribbean secures $1.13bn to cover 80% of finance for newbuilding. Cape sale off George Economou's DryShips is keeping the Alameda after China deal fails to materialise. Naughty nine A leaking Greek bulker and Turkish tanker with lifeboat issues were among the nine ships detained by UK authorities in November. 'House in order' Wife of former Sovcomflot boss Dmitry Skarga says nothing untoward about purchase of family home outside Moscow. Canada holds two Russian ro-ro and Chinese bulker detained over safety faults in Montreal during November. STX finances Korean bulker owner forms three special purpose companies to borrow $180m for newbuildings. No dock deal The huge drydock at Poland's Gdynia Shipyard remains unsold after latest asset auction. Failed haircut Klaveness was ready for a trip to the barber but instead wins $30m freight futures award against Pioneer. BP pulls Pioneer Oil major cancels charter for ITC VLCC from January 2011, ending 12-year association with the ship. Yard sale on Germany's ThyssenKrupp will sell 75% of Hellenic Shipyards to Abu Dhabi Mar. Giant scrapped World's former largest ship, the Knock Nevis (ex Jahre Viking/Seawise Giant), sold for scrap in India, cash buyer says. Ship splits Thirteen crew rescued after veteran Moldovan-flagged cargoship breaks up in storm in Black Sea. Property plan Container line CMA CGM considering $240m sale of chunk of real estate interests to raise money. Hopeful start Brokers looking for improvement in the anchor handler market as PSV rates tail off. Three down Japanese yard group MHI completed only 18 ships this year, against 21 in 2008, with no boxships on that list. MOL attacked Indian Navy steps in as Japanese-operated car carrier chased by pirates in the Gulf of Aden. Barfleur goes Brittany Ferries ends service from Poole, UK, but adds sailings from Portsmouth. End of the line Canada's Bay Ferries pulls run from Nova Scotia to Maine after losing state funding. TTA deal done Shipowner seals $130m takeover of coal trader, Unique Mining Services. Noble reshuffle Founder and CEO Richard Elman named executive chairman at Hong Kong shipping and commodities giant. Suryavir adrift Apeejay Shipping panamax left with out power in North Pacific; Maersk boxship riding to the rescue. MOL issues bonds Japanese shipowner raises JPY20bn to repay existing loans, but has no plans to issue fresh equity. Funds for Topaz Fazel Fazelbhoy's Topaz Energy and Marine seals $42m loan to fund its fleet expansion plan.

	web site
DECEMBER 21, 2009
IMO continues work on greenhouse gases MSC hikes Europe/South Africa rates ClassNK opens offices in Ghana, Iran Snowstorm hampers Northeast freight deliveries IATA: 2010 losses to be worse than expected CBP to scrap old land cargo security program Cheyenne logistics hub ready for development Landstar CEO adds chairman title China agrees to end "Famous Brands" subsidies GAO: CBP struggles with Canadian softwood lumber data Wind Energy fills Cory Bros.' sails Report: Container traffic will pick up in early 2010 Chrysler to export cars from Grays Harbor APL ships will cold iron at Oakland next year

	web site
DECEMBER 21, 2009
New credits to CMA CGM CMA CGM has reached an agreement with its its financial partners regarding a USD 500 million credit line. "This important step will enable the group to pursue the current talks

	web site
DECEMBER 21, 2009
COP15 leaves shipping options open No clarity on emission targets, bunker funding or 'common but differentiated responsibilities' principle. Bunker prices mainly firm Rotterdam market very quiet. Sulphur exemptions sought for 'old steamships' Congressman thinks EPA will ask IMO to exempt some 400 ships worldwide from ECA requirements. Fujairah bunker prices weaken, Durban firms Low demand in Durban. Bunker spill in St. Petersburg Fuel spilled during bunkering operation undertaken by 'very small supplier'. Deal near for Shell New Zealand assets Letter of intent signed for acquisition of downstream assets that include marine business. MOL launches ignition-improving additive New product is said to enhance the performance of 'difficult-to-ignite heavy fuel oils'. Singapore prices continue to weaken Prices in other key Asian ports - apart from Tokyo Bay - weakened too. EU clears Bominflot to buy SBI Holding Commission says proposed merger would not give rise to any competition concerns. Spill averted from wrecked ship Cargo vessel broken in two by Black Sea storm.