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IE Singapore touts Busan port as N-E Asia hub
SINGAPORE companies keen to get into the North- east Asian market and that want a good base to hub from were given an introduction to the advantages that South Korea's Port of Busan can offer at a seminar organised by IE Singapore yesterday.
Mid-East VLCC surplus halves
The supply of supertankers competing for two million barrel shipments of Middle East crude more than halved as demand gained and owners sent empty vessels to West Africa for higher returns.
Array of ship protection devices crops up
Somali pirates raked in an estimated US$60 million in 2009 but the Indian Ocean's ransom hunters have also spurred a much larger industry of ship protection devices.
Asia holds the key to future of shipping markets

Strait Talk

Avoiding maps of contention
MUTUAL insurer International Transport Intermediaries Club (ITIC) says there has been an increase in the number of professional indemnity claims made against professional service providers who are its members.

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Shipping News

IE Singapore touts Busan port as N-E Asia hub
SINGAPORE companies keen to get into the North- east Asian market and that want a good base to hub from were given an introduction to the advantages that South Korea's Port of Busan can offer at a seminar organised by IE Singapore yesterday.
Mid-East VLCC surplus halves
The supply of supertankers competing for two million barrel shipments of Middle East crude more than halved as demand gained and owners sent empty vessels to West Africa for higher returns.
Array of ship protection devices crops up
Somali pirates raked in an estimated US$60 million in 2009 but the Indian Ocean's ransom hunters have also spurred a much larger industry of ship protection devices.
Asia holds the key to future of shipping markets

Strait Talk

Avoiding maps of contention
MUTUAL insurer International Transport Intermediaries Club (ITIC) says there has been an increase in the number of professional indemnity claims made against professional service providers who are its members.

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CSCL-Evergreen commences China-Philippines-Thai loop Japan, Vietnam, Cambodia, Thailand link added by Maersk's MCC Beijing aims at a logistics cargo value of CNY7 trillion in 2011 Port of Yingkou container volume soars 41pc NYK Group offers aid to victims of Chile quake PIL augments box loop with Asia-Africa multipurpose string NYK Logistics opens in Nanjing as first step of inland expansion England's Teesport profits from port distribution centres Teesport operator wins ASDA award Transnet on schedule with Cape Town terminal expansion Hactl records a 34.7pc increase in February volume Air China and Air China Cargo boost Boeing health coverage Air China launches Paris cargo service Evergreen loses Boeing contract to rival Atlas American Airlines Cargo expand facilities at JFK Volga-Dnepr hauls giant electro stations across Europe

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Tankers in Malacca Strait on terrorists' gunsights, warns Singapore Vasan explains steps taken to combat piracy New CMD assumes charge of Goa Shipyard No move to import rice, says Scindia S. S. Hussain honoured with Business Leader (Ports) award Competitive tariffs seen vital to make Vallarpadam ICTT a major hub ICD-Ankleshwar posts new record in exports during Feb. Rlys derailing private box train operations Rlys hauls in more income in Feb. Car Sales on top gear in Feb. 2010 CBEC member spells out benefits of GST Logistics sector braces itself to ride PE/M&A wave Opportunities opening up for logistics sector under GST regime spelled out States demand double compensation for GST regime Maharashtra economic summit on Fri. ACTL forays into ICES 1.5 Bahrain to develop integrated economic zone near Navi Mumbai

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MARCH 8, 2010
Norbert Dentressangle welcomes Black Sheep Norbert Dentressangle has been appointed to handle national warehousing and distribution for the Black Sheep brewery. Established in 1992, Yorkshire-based Black Sheep was formed by... ICF Transit turns 20 The French freight forwarder ICF Transit celebrated its 20th anniversary in January. The customs clearance and sea and air freight services specialist was founded in 1990 and is he... Lobraco Akademie opens Leipzig office Lobraco Akademie, a German advanced training group, opened a new Leipzig office on 1 March. The Winningen-based entity is further expanding at key transport and logistics industry ... Scania wins Autologic deal Truck maker Scania won a deal with Autologic to manage its mixed fleet of trucks and specialist trailers from 1 March. Autologic provides nation-wide logistics and technical servic... Romania's national railway axes 10,300 jobs The Romanian government has made 4,000 out of its 78,000 workers redundant at the state-owned railway CFR. Another 6,300 jobs are to be axed in April. The railfreight division CFR ... 27th edition of Europe SITL, Paris, 23-26 March SITL Europe 2010, which is taking place between 23 and 26 March at the Parc des Expositions ' Paris-Nord Villepinte (France), offers the entire national and international transport... Germany reports less foreign rail traffic Germany's federal statistical office (Destatis) reported that 312.1 million t of goods were carried on the country's rail network in 2009. This equates to a 15.9% drop, the biggest... Agreement to continue the A400M project Buyer nations that had contracted to purchase the A400M military transport plane came to an agreement with industry about the fundamental financing of the military aircraft and the... Fortune magazine honours seven trucking companies Fortune magazine has chosen seven trucking, transportation and logistics companies to be part of its Most Admired Companies list, which contains 346 organizations. C.H. Robinson Wo... African Union demands air embargo over Somalia The African Union, which maintains the peace-keeping force (Amisom) in Somalia, has asked the United Nations to impose a total no fly zone and port blockade against Somalia in orde... CMA CGM to raise US export cargo rates The CMA CGM group will raise freight rates for cargo shipped from the USA to Asia, the Middle East and the Indian Subcontinent on 15 March. Rates from the USA's east... Koper, Ravenna, Trieste and Venice set up North Adriatic Ports Association The presidents of the ports of Koper (Slovenia), Ravenna, Trieste and Venice (all Italy) have signed an agreement creating the North Adriatic Ports Association (Napa). The por... Throughput down in Barcelona Throughput in Spain's port of Barcelona fell by 17% to 42 million t in 2009. International trade accounted for 28.4 million t, 8% less than in 2008. Traffic improved in Decemb...

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MARCH 9, 2010
Tidewater promotes Jeff Platt to COO T&T Marine Salvage helps clean-up Port Arthur spill EPA seeks comment on vessel discharge study

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MARCH 9, 2010
Funding threat to Rickmers boxship orders Buyers struggling to secure finance to complete deals Profits up 18% at Rickmers Maritime Box volumes see strong recovery Latest ELAA figures show growth in January traffic to and from Europe on most trades Lines in box sale and leaseback talks Carriers in talks with container leasing firms to arrange sale and leaseback deals on their box fleets. Bleak outlook for reefership rates in 2010 Rates to remain below five-year averages although ageing fleet is set to shrink Deutsche Post DHL warns over sea freight capacity Capacity "remains tight" and rates will "stay high or even increase"

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MARCH 9, 2010
US box imports rebound IMPORT volume at major US box ports is expected to increase 13% this month, compared with March 2009, the National Retail Federation said 2 oil majors to halt Iran deals TWO GLOBAL oil and fuel traders have decided to stop selling refined products to Iran, even as France's Total Oil was cited as violating US sanctions against Tehran, IHS Global Insight reported today Trade transitions forecast WORLD economies and trade face five key transitions over the next two decades, IHS CERA has outlined Iraq poised for upswing IRAQ WILL play a much larger role in oil exports over the next decade, speakers have told the CERA Week energy conference in Houston ELAA records volumes rise VOLUMES rose on almost all European box routes in January, compared with same month last year, the ELAA said today IMO raises lifeboat standards THE IMO has approved improved lifeboat safety standards, which are particularly aimed cutting accidents during drills and inspections Caribbean surcharge planned CARIBBEAN shipowners will charge a peak season fee this autumn because of berth congestion expected during high season

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MARCH 9, 2010
YRC Worldwide's CEO Foresees More Layoffs Montreal Buys Green Locomotives U.S. Seeks Trucking Deal with Mexico, Kirk Says PHMSA Narrows Hazmat Security Requirements APHIS Finalizes Canada Inspection Fees Michelin Picks Damco for Vietnam Logistics Hong Kong Containers Fell 14 Percent in 2009 Panalpina Adds Los Angeles Capacity Kenco, Schnellecke Form Logistics Venture Ocean Carriers Reactivate Some Idle Box Ships C.H. Robinson Carrier Roster Shrinks Diesel Reaches Highest Point in 16 Months Lufthansa Cargo Boosts February Volume "K" Line to Test Ship-Scrapping System NYNJ Port to Cut Emissions Deutsche Post DHL Swings to Profit in 2009 OOCL Limits Window for Export Bookings Trucking Companies Fear Driver Shortage

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MARCH 9, 2010
BTL, MOL and RCL link up for new SE Asia/Chennai service Bourse bull rally continues EU starts free-trade talks with Singapore Sydney maintains momentum Greece braces for new 24-hour strike

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MARCH 9, 2010
Vitol tears veil Oil trader gets green light to pursue wider ownership interests of Greek Kalogiratos family. Morten minted Overseas Shipholding Group, led by Morten Arntzen, drags in nearly $160m from a share issue. Subsea shift Helix Energy Solutions is offloading its oil and gas subsidiary to bankroll expansion in the subsea sector. Essar for sale? Indian shipowner tight lipped on reports that a large stake may be divested to augment London listing. Kamsarmax fixed Polys Hajioannou's Safe Bulkers pens a new contract for one of its ships axed by Daiichi last year. Carrier cheer Liner giants see idle capacity plummet with five key players completely free of laid-up tonnage. Heron helped UK lifeboat stabilises Van Oord dredger that took on water and began to list off Wales. Pac Basin bound Tonnage-hungry Pacific Basin buys Cido Shipping bulker for $26m, brokers say. Hong Kong falls Chinese territory's container volumes down 14% in 2009, but fourth quarter picks up. Aframax action Brazilian oil giant Petrobras is ready to ink a time charter deal for a tanker tender lasting three years, brokers say. Norden eyes buys Carsten Mortensen-led Dane mulls MR tanker buys as profit slides almost $500m on sales slump. Five sought Pakistan National Shipping Corp (PNSC) in talks with government over finance for vessel acquisitions. Order frenzy Samsung Heavy announces deals to build nine tankers, an offshore facility and floating LNG platform. OSG pay play Morten Arntzen-led tanker giant slashes payouts to board members but says the compensation is still competitive. Opening up? North Korea reportedly awards port leases to Russia and China as it seeks infrastructure investment. Pay out time Shareholders in CP Ships finally get compensation for misrepresentation of financial results six years ago. Another chance World's oldest ocean-going passengership looks to have escaped the breakers' torches once again. PDZ buys boxship Malaysian intra-Asian feedership operator spends nearly $9m on Yamamaru-owned vessel. ONGC takes PSV One-year PSV deal from state-owned energy outfit nets Garware Offshore near $5m. Two tied up Petrobras hires Solstad AHTS while Statoil extends PSV for another year. COA spat settled Norden walks away with $23m and two-year contract after settling out of court with Russian-backed RTI. Sick again Celebrity Mercury cruiseship hit with second stomach virus outbreak in two weeks. Buying DryShips? Rumour sweeps New York that AP Moller-Maersk is readying a takeover bid for George Economou's DryShips. Gas giveaway Golar LNG confirms hand-out of 9.7m shares in Golar LNG Energy as dividend ' equivalent to 4% of company. Globus goes lower Weaker revenues, due to fewer ships, push George Karageorgiou-led bulker owner to $1.2m loss. K Line scraps Japanese owner among the first to offer up ship for recycling at new domestic pilot project. Twelve rescued Bangladeshi and Indian crew picked up by FAL Shipping tanker off UAE after bitumen carrier sinks. Ningbo eyes IPO Chinese port set to go ahead with delayed Shanghai listing according to president Li Linghong. DFDS down Danish ro-ro player sees 2009 profit cut back, but says markets are improving so far this year. Volumes to rise Container volumes at US ports are set to see continued strong recovery in March, says trade body. Tallink mixed Estonian ferry group sees passenger and freight cargoes decline, but private vehicle numbers rise.

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MARCH 9, 2010
Maersk focuses on Asia success CSAV 2009 losses near $600 million MSC in the news, surprisingly Long-term approach sought to waterways fix KCS buys intermodal terminal in Mexico Ex-Army officer nominated for TSA post CEVA revenue fell 13% in 2009 Ulm, freight transport innovator, dead at 60 Work begins on deep berth at Seagirt Calif. port incentive bill introduced

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MARCH 9, 2010
DFDS stays in black despite the global crises DFDS manage to stay in black figure after a troublesome 2009 with dramatically fall on most of the groups core market. The final result was a profit of DKK Maersk caught between Argentina and Great Britain A. P. Møller-Mærsk seems to be caught in the middle of an international crisis between Argentina and Great Britain and their old dispute over the sovereignty of the Falkland Stena Line in vessel shift Stena Line has decided to switch vessels on the Gothenburg'Kiel run. Once the newbuildings are delivered to the Hoek van Holland'Harwich run the vessels from the English Channel

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MARCH 9, 2010
Global 'net surplus' of residual fuel oil Regional shortages have occurred but global supply should outpace demand, says Poten & Partners. Falling prices in Rotterdam, Hamburg Prices lack direction in South Europe. Prices weaken in Middle East Some players reporting tight distillate stocks in Fujairah. Marine pest may hold key to biofuel breakthrough Scientists examining if unique enzyme could enable conversion of biomass into fuels. New trader for KPI Bridge Oil Singapore office Asian bunker prices mixed Singapore, Hong Kong 380 cSt product prices down while Tokyo rises Chemoil, Hanjin Shipping may build bunker terminal in Korea Busan Port Authority reveals potential candidates for project at Busan New Port. 'One of world's largest' shipping firms to use new bunker trading platform Internet-based platform not 'going live' yet to satisfy demand from participants to add more ports and functionality. ABS issues 'comprehensive' analysis on 0.1% sulphur operation Problems anticipated with improperly planned fuel switching procedures and sustained operation. Evergreen to post 'small profit' in 2010 Plans to raise freight rates on main trading routes. SkySails trial system onboard Germany's largest fishing vessel Initial tests will adapt the fuel saving kite propulsion technology to meet the needs of the fishing industry.