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China Merchants H1 gain up 12% at HK$1.93b
China Merchants Holdings (International) Co, an investor in ports moving about a third of the country's containers, has said that first-half profit rose 12 per cent as gains in global trade lifted cargo traffic.
China Merchants, Spence to build Colombo terminal
China Merchants Holdings (International) Co and Aitken Spence & Co have won a contract to build a new terminal in Sri Lanka's Colombo port, the head of the island nation's ports authority said.
Vinashin's new boss suspended
The new boss of one of Vietnam's largest state-owned companies has been suspended less than a month after the chairman of the debt-laden ship-building conglomerate was arrested on charges of mismanagement, a company spokeswoman said yesterday.

Strait Talk

Peace in our time?
A FEW weeks ago, I mentioned that the man behind the Shipper's Voice website, Andrew Traill, is always good value for his opinions. I invariably disagree with them - but it's good to see the other side of the argument, especially when put cogently and colourfully, as is the case with Dr Traill.

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Shipping News

China Merchants H1 gain up 12% at HK$1.93b
China Merchants Holdings (International) Co, an investor in ports moving about a third of the country's containers, has said that first-half profit rose 12 per cent as gains in global trade lifted cargo traffic.
China Merchants, Spence to build Colombo terminal
China Merchants Holdings (International) Co and Aitken Spence & Co have won a contract to build a new terminal in Sri Lanka's Colombo port, the head of the island nation's ports authority said.
Vinashin's new boss suspended
The new boss of one of Vietnam's largest state-owned companies has been suspended less than a month after the chairman of the debt-laden ship-building conglomerate was arrested on charges of mismanagement, a company spokeswoman said yesterday.

Strait Talk

Peace in our time?
A FEW weeks ago, I mentioned that the man behind the Shipper's Voice website, Andrew Traill, is always good value for his opinions. I invariably disagree with them - but it's good to see the other side of the argument, especially when put cogently and colourfully, as is the case with Dr Traill.

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China Merchants wins US$500 million Colombo terminal deal China boosts Brazil trade 54.6pc to US$32.5 billion Tianjin Port operates new terminal for foodstuffs Beibu Gulf, Guangxi to build two new berths and rail route Cross-strait deal doubles Hangzhou-Taiwan trade OOCL hikes south east Asia-Oz rate US$300/TEU from October 1 Box rates hold firm as bulker, tanker demand wobbles World Bank's IFC invests US$8 in Indian container terminal Intermodal rail traffic volume in US climbs to new highs USA Truck in BNSF railway deal to move 53-footers NDRC okays Air China's Cathay cargo JV, but Commerce nod needed Boeing Dreamliner delayed, programme suffers new setback US Justice Department completes UAL-Continental antitrust review Nearby Illinois and Missouri airports vie to become China cargo hub Indian domestic air cargo rises 25pc in 2009-10

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Emirates joins AGI service linking Thailand to Middle East Close shave at Mumbai Port Coal handling operations at Mormugao Port's Berth 11 to be mechanised Mohandas urges ports to boost cargo handling capacity New clause in Port land policy to keep out warehouses Panel formed to tackle toxic wastes lying at ports Port of Antwerp & ACHAA holding seminar on Friday Vasan promises early decision on Gandhidham-Adipur land conversion VCTPL inks deal with Finland firm for 4 RTGCs & 2 RMQCs BCHAA organises Open House with Customs Chief SEZs to get sops up to 2014 under DTC regime China gives assurance of opening up market for more products Yuan holds key to global economic recovery, feels EU

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AUGUST 30, 2010
Vopak posts promising interim figures The Dutch tank farm operator and logistics service provider Vopak, headquartered in Rotterdam, boosted its H1/2010 turnover to EUR 543.9 million, 11% more than the EUR 492.1 millio... Rui Star Trading chooses Ceva Logistics in South Africa Supply Chain Management and logistics service provider Ceva Logistics, one of the world's leading supply chain companies, has signed a new contract worth ZAR 14 million per annum&n... Toll Group reports higher profit in last fiscal year Australia-based Toll Group, one of Asia's leading transport and logistics providers, reported a net profit after tax, but before nonrecurring items, of USD 292.9 million in th... Mexicana disappeared from the skies The Mexican carrier Mexicana indefinitely suspended all flights by 12 noon on 28 August, after its financial situation had rapidly deteriorated. Grupo Mexicana, which operates flag... United and Continental merger currently expected to close by 1 October The US carriers United Airlines and Continental Airlines announced that they have been notified by the antitrust division of the US Department of Justice (DOJ) of the terminat... Iata: air transport demand shows slower growth but still above trend The International Air Transport Association (Iata) reported that the 22.7% growth in freight markets in July was a little slower than June but still very strong, despite ... 100th mega containership calls at Rotterdam The "Evelyn Maersk", operated by the Danish shipping company Maersk, sailed into the Dutch port of Rotterdam on 26 August. It was the 100th ultra large container car... Ulusoy Sealines plans to develop ports in Çesme The shipping company Ulusoy Deniz Yollari has announced that it wants to expand the existing port facilities in Çesme/Izmir (Turkey), so that they can be used as a berth ... Successful handling of heavy-lift equipment at St Petersburg The employees of the First Stevedoring Company (part of the Sea Port of Saint Petersburg group of companies) together with the specialists of PLC 'Universal Forwarder' successfully...

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AUGUST 31, 2010
Gibbs & Cox appoints VP of Engineering Swedish owner to convert tanker to LNG fueled propulsion K-Sea defers earnings conference call

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AUGUST 31, 2010
Bellingham International Airport set to close runway for repairs FMC collects civil penalties from six compromise agreements McAllister Towing and Transportation joining Marine Response Alliance Washington governor planning trade mission to Vietnam, China Trade between NAFTA partners climbs during month of June

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AUGUST 31, 2010
Argos files $13m claim against Maersk Retailer claims breach of contract over transport of 10,000 teu from Asia to UK European shippers face chronic box shortages Slow steam: Change of pace may be best for all How box shipping survived the slump STX Europe second quarter earnings soar Shipbuilder reports second quarter earnings before deductions of $32.5m Soaring road freight costs offer food for... Oltmann fund sells Wadan newbuildings Opportunity fund sells newbuildings initially ordered by Gebr Winter at a profit Owners turn blind eye to overcapacity crisis Hamburg secures additional box feeder traffic Team Lines and APL move some of their Baltic feeders to port following investment in... Container lines find safe haven in European

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AUGUST 31, 2010
ECUS ports brace for hurricane US EAST Coast ports are keeping close tabs today on Hurricane Earl, with some forecasters warning that the Category 4 storm could smash into the Carolinas later this week Six sought after VLCC collision SEARCHERS are looking today for six seafarers missing since a French VLCC collided with a Chinese general cargo ship off Zhejiang Province Typhoon rips into Okinawa TYPHOON Kompasu disrupted shipping today in Okinawa and is likely to close an oil refinery LD Lines ferry holed LD LINES was forced today to operate its Le Havre-Portsmouth ferry service with a smaller, slower vessel after damage to its fast ferry Norman Arrow Brazil builder wins loopholes LLX LOGISTICA, Brazil's port builder and operator, has been granted about 70M reais ($39.9M) of tax exemptions by the government to buy equipment for a new iron-ore terminal near Rio de Janeiro Searchers seek 37 migrants SPANISH rescuers are searching today for 37 migrants whose boat capsized in the Mediterranean Tan-Drydocks World suit quashed A LAWSUIT by Drydocks World of Dubai in connection with a $1.8Bn takeover deal has reportedly been quashed in Singapore

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AUGUST 31, 2010
Schneider Logistics Sells Forwarding, Customs Business FMC Collects $218,750 in Settlement Agreements Hapag-Lloyd Appoints Chief Commercial Officer Foster, Portec Extend Time to Complete Merger Commerce Department Begins Merging Export Lists Bingham Moves to Wilbur Smith Associates McAllister Joins Rescue, Firefighting Alliance Truck, Trailer Sales Slip in July NAFTA Trade Volume Climbed 4.6 Percent in June Former Arrow Trucking Executives Seek $1.4 Million in Wages Consumer Confidence Index Rises Slightly Port Congestion Could Resume in Some Sectors India to Triple Port Capacity in 10 Years JAL Submits Rehabilitation Plan to Court Schiphol Group Profit Triples Two Danish Terminals to Combine Facilities Active Container Fleet Expands 19 Percent

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AUGUST 31, 2010
Drewry flags terminal congestion Hamburg celebrates Bidvest reveals a mixed H1 10 bag Zim back in the black Hanjin settles container dispute

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AUGUST 31, 2010
Jo pens tanker pair in China New Times Shipbuilding grabs order for two long-range 1 chemical carriers from Jo Tankers. CMB board approves payout Investors jump for joy as Benoit Timmermans-led parent of bulker owner Bocimar hangs on to interim dividend. Dolphin OSV in Mumbai barge bash Dry barge lists following early morning smash-up with Indian offshore vessel, officials say. Storm smacks cruise giants Royal Caribbean and NCL join the dozens of shipowners stung by massive hurricane brewing in the Atlantic. Ballast Nedam wins wind deals Dutch construction player seals two offshore windfarm jobs for heavylift vessel. Wadan still troubling STX Provisions following failure of Wadan Yards again send Europe's largest shipbuilder to quarterly loss. K-Sea makes Wall Street wait US tug titan postpones investor pow-wow while it irons out credit facility and $85m equity injection. Arrests 'unlikely' in Flandre smash Crew of Euronav VLCC await Chinese investigators after collision in "moderate" weather conditions. Latvian passes lowest point Historically bad products tanker market clobbers Riga owner in first half, but it sees reasons to be cheerful. Tan wins Drydocks clash Former Labroy Marine boss comes up trumps in Singapore court battle with Dubai shipbuilder. Six missing in VLCC smash Search on for crew of Chinese ship which sank after collision with Euronav tanker Flandre off Zhejiang. STX chief splits to seal fresh spot Sung Yob Choo sheds top title at South Korean shipowner STX Pan Ocean to grab post at parent. Saga Tankers ready to swoop Arne Blystad-led tanker owner is looking to buy as soon as equity and S&P windows align. India in ports crackdown Government sets up panel to identify abandoned hazardous waste after Mumbai gas leak in July. Sea Star settles Puerto Rico suit US liner player pays $18.5m to resolve long-running anti-trust case. Goldenport sinks to first-half loss Paris Dragnis-led boxship and bulker owner in the red as operating fleet shrinks and rates wane. Maersk sued over boxship contract UK retailer Argos launches $13m compensation claim over allegedly cancelled Asian deal. ABG close to Offshore exit Indian shipbuilder sells another slice of owner Great Offshore after failed takeover. "Frivolous" cruise case quashed US family who claimed injury during Princess Cruises voyage ordered to pay costs over delay in filing. 'Boxship buys on the way' Goldenport to use most of $85m cash by year end as boxship values hit 'interesting' levels, John Dragnis says. APL bullish on boxes Singapore owner's president Eng Aik Meng predicts up to 8% growth in volumes next year. MOL joins flood-relief effort Japanese giant provides cash and a containership to carry aid to those hit by flooding in north western Pakistan. Tokyo Gas buys into SRVs Tokyo Gas takes minority stake in two LNG regasification ships operated by MOL and Hoegh LNG. BWO back in the red FPSO player slips to a loss in second quarter following return to the black earlier in the year. Seadrill lower on costs Profits at Fredriksen-controlled drilling outfit slide on higher expenses and derivative losses. Lauritzen bulker attacked Hong Kong flagged handysize latest victim of piracy outbreak near island off southern Malaysia. Wartsila in LNG switch Finnish engine builder set to convert propulsion system on Swedish product tanker to LNG. Navios nets VLCC cash New York-listed Navios Maritime Acquisition secured funds to see through seven-tanker swoop. Buoy bash halts LD Lines run French ferry operator suspends service to UK after Norman Arrow strikes navigational aid. Ezra looks to raise funds Singapore offshore player looks to raise gross proceeds of $114.5m from 1-for-5 rights issue. Sally sheds cargo off UK Coastguard warns other ships about floating planks which fell off Norwegian vessel east of Lowestoft.

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AUGUST 31, 2010
Hanjin Shipping joins chassis exodus NYK, OOCL hike transatlantic rates Standard & Poor's increases CSAV rating Arizona utility challenges coal transport rates DHL Express CEO to focus on China growth FMC reaches settlements with six companies DHL starts New Zealand/Singapore LCL service Drewry: Terminal operators 'weather storm' APM, Cargo Service merge Danish terminal

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AUGUST 31, 2010
Wallenius examines LNG operation LNG GOT AB and Wallenius Marine AB have entered a strategic partnership to examine possibilities for LNG as a fuel in existing vessels and newbuildings in the Wallenius fleet. The Tarbit converts Bit Viking to LNG Swedish Tarbit Shipping has decided to convert their 25.000 DWT product tanker Bit Viking to run on LNG. Both six cylinder Wärtsilä 46 HFO main engines will be converted Lauritzen bulker seized by pirates The Danish owned handysize bulk carrier Ideal Bulker was held by pirates in the Indian Ocean for a short while until the crew managed to regain control of the vessel

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AUGUST 31, 2010
Responding to new Oil Pollution Act requirements New member will enhance environmental protection and emergency response as vessel owners prepare for changes to US rule. Prices weaken across the board NYMEX show losses in early trading. IFO prices falling in Fujairah Fujairah players say prompt deliveries are possible. Lukoil expands Bulgarian operations Offering MGO along Danube river since early August. Wartsila receives first order for complete LNG system Product tanker running on HFO to be converted to LNG operation with system developed to enable safe onboard storage and bunkering of LNG. Four Venezuelan fuel oil cargoes heading to Singapore Cargoes are typically high-vanadium 380 centistokes (cSt) product. Merger leads to name change for Frisol Will be trading under new logo as North Sea Group Bunkering as of September 1. Nine more trainees graduate from O.W. Bunker programme One of the bunker industry's 'greatest challenges' is finding talented individuals, say HR director. IFO prices dip at key ports Demand for bunker fuel largely average at major Asian ports. Bunker tank catches fire at Chennai port Tank containing bunker fuel 'completely melted' by fire. Minister 'happy' with Singapore's bunkering standards Singapore bunker sector an example of 'supply chain efficiency', says minister. Brightoil, HHI ink deals to build 5 VLCCs Oil tankers to be use for in-house fuel procurement to lower operating cost of its global marine bunkering business.