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Kawasaki Heavy may purchase China, Korea-made steel
Kawasaki Heavy Industries Ltd, Japan's third-largest maker of heavy machines, may buy steel plates from China and South Korea for the first time to build ships if domestic prices rise too much.
Northrop Grumman may close Louisiana naval shipyard
Northrop Grumman Corp may shut its US Navy shipyard in Avondale, Louisiana, threatening about 5,000 jobs, without additional orders for military vessels, Governor Bobby Jindal said.

Strait Talk

Time to stop 'flogging the log'
FORTY years ago, we joked about the idea of bridge watchkeepers falling asleep in the nice comfy chairs that were just starting to feature on some bridges; it turned out to be no laughing matter.

Shipping Times

HK rail line may come in ahead of schedule
MTR Corp, the builder of a HK$66.9 billion (S$11.8 billion) high- speed train line here, said work on the railway may be completed ahead of schedule because of government support and commitments from contractors.
China, Argentina sign US$10b of rail contracts
China and Argentina yesterday agreed contracts for an array of projects in the rail sector totalling US$10 billion, Argentine Transport Minister Juan Pablo Schiavi told AFP. The news came during a visit to Beijing by Argentine President Cristina Kirchner, who was to meet Chinese counterpart Hu Jintao yesterday.

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Shipping News

Kawasaki Heavy may purchase China, Korea-made steel
Kawasaki Heavy Industries Ltd, Japan's third-largest maker of heavy machines, may buy steel plates from China and South Korea for the first time to build ships if domestic prices rise too much.
Northrop Grumman may close Louisiana naval shipyard
Northrop Grumman Corp may shut its US Navy shipyard in Avondale, Louisiana, threatening about 5,000 jobs, without additional orders for military vessels, Governor Bobby Jindal said.

Strait Talk

Time to stop 'flogging the log'
FORTY years ago, we joked about the idea of bridge watchkeepers falling asleep in the nice comfy chairs that were just starting to feature on some bridges; it turned out to be no laughing matter.

Shipping Times

HK rail line may come in ahead of schedule
MTR Corp, the builder of a HK$66.9 billion (S$11.8 billion) high- speed train line here, said work on the railway may be completed ahead of schedule because of government support and commitments from contractors.
China, Argentina sign US$10b of rail contracts
China and Argentina yesterday agreed contracts for an array of projects in the rail sector totalling US$10 billion, Argentine Transport Minister Juan Pablo Schiavi told AFP. The news came during a visit to Beijing by Argentine President Cristina Kirchner, who was to meet Chinese counterpart Hu Jintao yesterday.

web site

Shipping News

Kawasaki Heavy may purchase China, Korea-made steel
Kawasaki Heavy Industries Ltd, Japan's third-largest maker of heavy machines, may buy steel plates from China and South Korea for the first time to build ships if domestic prices rise too much.
Northrop Grumman may close Louisiana naval shipyard
Northrop Grumman Corp may shut its US Navy shipyard in Avondale, Louisiana, threatening about 5,000 jobs, without additional orders for military vessels, Governor Bobby Jindal said.

Strait Talk

Time to stop 'flogging the log'
FORTY years ago, we joked about the idea of bridge watchkeepers falling asleep in the nice comfy chairs that were just starting to feature on some bridges; it turned out to be no laughing matter.

Shipping Times

HK rail line may come in ahead of schedule
MTR Corp, the builder of a HK$66.9 billion (S$11.8 billion) high- speed train line here, said work on the railway may be completed ahead of schedule because of government support and commitments from contractors.
China, Argentina sign US$10b of rail contracts
China and Argentina yesterday agreed contracts for an array of projects in the rail sector totalling US$10 billion, Argentine Transport Minister Juan Pablo Schiavi told AFP. The news came during a visit to Beijing by Argentine President Cristina Kirchner, who was to meet Chinese counterpart Hu Jintao yesterday.

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July stands to be a record month for box ship deliveries Drybulk specialist Paragon enters containership trade CMA CGM, APM Terminals strike deals in Dunkirk, Mobile Korean surface freight to do well, but not as well as air cargo Shippers hit as more carriers add JNPT congestion charges China plans Pakistan rail link to Arabian Sea UK court rules ships remain on-hire while seized by pirates Russian Railways container volume up 20.2 in first half Cathay cargo increases 19.9pc to 148,520 tons in June Korean air cargo booms, up 3,300pc in first quarter DHL, USAID partner to promote Jordan as outsourcing hub

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A maimed dream Just 174 ships now idle! CSL sails thru' 2009-10 recession France's largest-ever boxship named CMA CGM Christophe Colomb JNP denies congestion Adanis picked to build coal terminal in Australia Indirect tax collection up by 43 pc in Q1 of fiscal 2011 Bankers upbeat on 20 pc credit growth this fiscal Apparel exporters keep fingers crossed on $ 12-bn fiscal target Ficci advises RBI to act with caution Goldman Sachs takes rosy view of IIP data Steel Secy revives row on iron ore export ban Not conclusive, but cause for concern, say Kotak economists Focus to be on 'Retail logistics competitiveness imperatives' on July 28 Sharma to open 'Export Summit'

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JULY 13, 2010
Louisiana seeks potential buyers for Avondale Does new moratorium flout court ruling? Kvichak exports pilot boats to Netherlands Detyens wins $6.8 million MSC contract MCTF: Jones Act critics distract from clean-up efforts Another deepwater rig leaves GOM

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JULY 13, 2010
New initiative to promote PNW aviation biofuel program MOL using Descartes for European ICS filings New NOAA study discovers Puget Sound waters more acidified PIERS trade data finds increase in containerized imports General Dynamics NASSCO delivers new product carrier

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JULY 13, 2010
Owners start to idle ships as dry bulk deliveries hit record Capesize rates now level with much smaller handysize vessels Dry bulk newbuilding deliveries hit record high Gloomy sentiment as orderbook crushes rates Owners' earnings hit by glut of ships and cargo drought Chinese steel demand lifts iron ore price VLCC tanker rates nosedive 83% in three weeks on oversupply Rates plunge from 70,000 per day to below $10,000 per day Owners swamp charterers with offers of cheap... TBS makes Brazil coastwise trades foray Company inks joint venture with Log-In Logistica Intermodal CMA CGM set for Brazil cabotage foray MR tanker operators refuse to ship products to Iran Turkish refiners and Chinese traders filling the void left by European shipowners Iran sanctions fail to halt NITC charters

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JULY 13, 2010
US ban seen as VLCC payday A NEW BAN ordered by the White House on deepwater drilling until 30 November could bring a jolt in VLCC rates, a sector analyst told Fairplay today LA port strike reportedly ends WORKERS responsible for billing and processing cargo at Los Angeles and Long Beach have reportedly ended an 11-day strike Sighted sub, seized same A GUATEMALAN military patrol has reportedly captured a makeshift submarine loaded with 5 tonnes of cocaine bound for the US Israeli inquiry backs raiders AN INTERNAL inquiry has exonerated the Israel military over its deadly raid on commercial ships bound for Gaza in international waters, IHS Global Insight reported today 10,000 BMWs bound for China CARMAKER BMW intends to import its German-made 3-Series model to China to keep up with demand, IHS Global Insight reported today Indian iron exports targeted INDIA'S ministry of steel has reportedly called for a "complete ban" of Indian iron ore exports Belarus-Ukraine oil deal agreed BELARUS has agreed to import oil via Ukraine, in a bid to reduce its dependence on Russian oil, IHS Global Insight reported today

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JULY 13, 2010
Air France-KLM Cargo to Add Tokyo Flights LA-LB Strike Negotiations Set For Wednesday DOT to Help Rebuild Honolulu Container Yard Port of LA Imports Reach Two-Year High US Stimulus Spurred Furniture Imports from China Large Container Ships Make More Calls at Rotterdam New England Motor Freight Expands Westward US Trade Deficit Hits 18-Month High Maersk Orders 34 Slow Steaming Upgrade Kits MOL Chooses Descartes for EU Security Filings Frankfurt Cargo Jumps 29.9 Percent in June Iron Ore Boosts Great Lakes Shipping Recovery Grounded Vessel, Fuel Spill Halts Seaway Shipping CSX Profit Rises 36 Percent to $414 Million Cosco Pacific to Run Operations at Greece's Port of Piraeus

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JULY 13, 2010
China's exports smash through ceiling LA clerks return to work while negotiations continue OOCL joins carriers imposing St. Lawrence 'low water surcharges' TICONTRACT rolls out 'Rate Management' China's ports show H1 boom

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JULY 13, 2010
Grindrod grabs Shina resale Shipping arm of South African outfit behind $34m tanker transaction previously tied to New York-listed Scorpio. JF Lehman seals $352m yard deal Park Avenue-based private equity player ties up sale of US shipyard syndicate Atlantic Marine. TBS and Log-In bag Brazilian boost Joseph Royce-led bulker outfit says South American shipping venture has landed Brazilian blessing. Dof cashes Cochin PSVs Mons Aase-led offshore owner sells newbuilding brace at a decent price. Scorpio tied to Shina tanker New York-listed owner rumoured to have taken its post-IPO spending past $200m with MR resale swoop. K-Sea mate mum on fatal fiasco Tug pilot involved in deadly 'duck boat' crash 'pleads the fifth' as federal investigation hits road block. Polish crewman crushed Seafarer onboard Irish ferry Julia in hospital after being struck by hydraulic door off UK. Mammoth order for Wartsila Finnish group sells 80 main bunker tanker engines to Brightoil Petroleum of China. Israelis set for brew-haha Offer of beer awaits any troops thinking of storming Gaddafi-chartered Greek ship heading to Gaza. Hornbeck readies second scrap Offshore owner has "substantial concerns" about new US drilling crackdown to replace jettisoned memorandum. Bulker spills oil after grounding Small amount of fuel leaks from ruptured tank after CSL vessel grounds in St Lawrence. Diamond pulls second US Gulf rig Texas offshore outfit relocates another floater but unit may return to GoM in the future. Cape lay-ups on the way? Rumours are circulating that capesize owners are ready to drop anchor as rates slip towards breakeven levels. Israel: 'mistakes were made' High-level decisions among the errors flagged up by Israel following enquiry into bloody convoy clash. Olsen says no to New England? Norwegian cruise line warns new emissions control rules may stop its ships calling in US and Canada. Nassco yard wields the axe A total of 560 jobs go in San Diego as work dries up, but redundancies not as bad as feared. Crewman found after fire Myanmar seafarer who went overboard tanker Eastern Honesty after blaze off Malaysia medevaced to safety. PIL boxship flees pirates Bab el Mandeb in spotlight again as Kota Laju approached less than a year after other PIL ship seized. Cochin enjoys big profit jump Indian state shipyard boosted by international offshore vessel orders in year to 31 March. SKIL falls short on offer Pipavav yard's biggest investor strengthens grip in share deal, but take-up below target. Pen-pushers back at work Clerical workers at Los Angeles and Long Beach return to offices as pay talks continue. Goldenport swells bank balance London-listed owner picks up nearly $35m from an equity issue as it prepares spending spree. Ash cloud burns ALG bottom line Costs relating to Icelandic volcanic eruption deepen first-half losses at London-listed All Leisure Group. KHI steels itself over price Japanese shipbuilder could go overseas for steel plates for first time if price talks fail. Cruiseship diver missing Attempts to free Holland America vessel's propeller from nets ends in tragedy. Maersk fire hits 150 boxes Operation to put out containership fire off Malaysia proceeding, but will take time says owner. Ezra profits shoot higher Third quarter profits increase nearly 40% on a year ago at Singapore-listed offshore player. STX suffers Vietnam knockback Government withdraws approval for Korean group's new yard after delays due to financial slump. Maersk plans fuel bill cut Danish owner to fit Wartsila slow steaming kits to 34 of its containerships in bid to save up to 7% in fuel costs. Impairment pain has FOP in red Fred Olsen Production sinks further into the red as Knock Dee knocked down to scrap value. Filipino hurt as rope breaks Wagenborg crewman taken to hospital with injured leg after accident in Kiel Canal.

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JULY 13, 2010
Grand, New World to split Asia/Europe loop Charlotte Maersk firefighting continues CSX profit jumps on broad recovery U.S. Laker fleet busier Commerce, USPS to boost U.S. exports USMEF reorganizes, adds Halstrom to leadership RILA forms loss prevention council Shipco starts weekly Dubai/New York service Shipco promotes Govan AIT Worldwide announces promotions L.A.-Long Beach clerks return to work

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JULY 13, 2010
Bunker spill closes St Lawrence Seaway Canada Steamship Lines vessel runs aground after losing power. Small gains in Fujairah One supplier low on 180 cSt avails in Durban. Brightoil in deal for 40 new bunker tankers W'rtsil' will supply the engines in 'one of the largest-ever orders received' by the company. World's largest French-flagged containership christened Vessel equipped with the latest environmental technologies to achieve fuel savings and prevent bunker spills. Bunker prices continue fall at key ports Demand 'average' across all major ports in Asia. Singapore June bunker sales at new monthly high Total sales for the first half of the year at 20 million mt. Sinopec expansion plans facing delays Postpones plans to start bunkering operations at Chinese ports next month. Copec to offer 'competitive' bunkers Wants to compete with key neighbouring ports of Callao and Guayaquil. Competitors question Brightoil's profit margin 'Buy low and sell high' strategy key to success, says Brightoil chairman.