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Shipping News

China opens new high-speed rail line
Two bullet trains glided silently out of a gleaming new station yesterday to inaugurate China's latest high speed rail line, as officials boasted of setting world records using domestic technology.
China Railway Construction slumps on Saudi rail loss
China Railway Construction said it expects to lose 4.2 billion yuan (S$816.29 million) in unforeseen costs on a rail line for Muslim pilgrims in Saudi Arabia.
US sets new standards for trucks and bus emissions
The United States on Monday unveiled new standards for heavy-duty trucks, vans, buses and delivery vehicles, aimed at improving their fuel efficiency and reducing emissions by up to 20 per cent.
Cargo ship freed but Somali pirates escape
Asian demand to sustain growth: Braemar

Strait Talk

P&I club system under threat
TO outsiders the P&I club system must seem to be one of shipping's deeper mysteries. 'P&I' stands for protection and indemnity which does not really tell the uninitiated very much.

web site

Shipping News

China opens new high-speed rail line
Two bullet trains glided silently out of a gleaming new station yesterday to inaugurate China's latest high speed rail line, as officials boasted of setting world records using domestic technology.
China Railway Construction slumps on Saudi rail loss
China Railway Construction said it expects to lose 4.2 billion yuan (S$816.29 million) in unforeseen costs on a rail line for Muslim pilgrims in Saudi Arabia.
US sets new standards for trucks and bus emissions
The United States on Monday unveiled new standards for heavy-duty trucks, vans, buses and delivery vehicles, aimed at improving their fuel efficiency and reducing emissions by up to 20 per cent.
Cargo ship freed but Somali pirates escape
Asian demand to sustain growth: Braemar

Strait Talk

P&I club system under threat
TO outsiders the P&I club system must seem to be one of shipping's deeper mysteries. 'P&I' stands for protection and indemnity which does not really tell the uninitiated very much.

	web site

138 ships idle, rising 2pc to 289,000 TEU as peak passes Asian Shipowners Forum focuses on seafarer health and safety Samudera sales up 14pc as $6 million profit eclipses $4 million loss Germany thanks UK for freeing ship, panic room worked against pirates Chongqing Donggang box shop to open before 2011 Shangdong port growth outperforms China in first 9 months Japan exports up 14pc in September, but pace slows Kenya Customs clears hundreds of containers of Pakistani rice Tacoma container volume falls 9.1pc while enjoy rebound UK P&I Club to implement 5pc increase in 2011 Inflation has hit movement of goods, and therefore Concor Providence to start handling containers with new cranes Cargotec wins order from Parsec for 200 terminal tractors NYK Auto Logistics (India) absorbs finished-car business Globe Express Services rebrands after merger with Overseas Group United, Continental Airlines, ANA win antitrust immunity Thai Airways takes steps to build air cargo fleet National Airlines to operate five Boeing 757-200 combi aircraft

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Ahoy! SCI observing Vigilance Awareness week Allcargo Global acquires 2 HK-based NVOCC cos Ships are 'goods', asserts CBEC Shreyas Shipping to provide complete range of logistics solutions Access gained to Chittagong & Mongla ports Aviation safety pact signed with US RCC becomes well known for prompt, efficient services 10 lakh t more sugar may be allowed for export post-Diwali Fuel price hike unavoidable-PC Gains after G-20 decision India 3 rungs up IMF quota ladder Sept. exports skyrocket to 2-year high Kamal Morarka re-elected WTC Chairman Strong growth in Asia to continue-IMF TRADE WAR AVERTED US wants G-20 to reduce global economic imbalances

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OCTOBER 25, 2010
A new direct call for CMA CGM in Vietnam The French shipping company CMA CGM recently announced that it will add a new direct call in Vietnam to its FAL3 Asia - Northern Europe service on 9 November. The FAL 3 loop, ... Port of Rotterdam recovery remaining strong The port of Rotterdam (Netherlands) reported that its throughput increased over the first nine months of 2010 by 13.4% to 321 million t. Virtually all categories of goods show... Barloworld Logistics Middle East appoints new managing director Sean Bradley has joined Barloworld Logistics as managing director - Middle East. He began his career in Kuwait in 1979 and brings more than 27 years of supply chain experience from... Easyfresh: New global player in reefer logistics A group of well known international logistic operators recently formed an entity known as Easyfresh pool. The alliance is headed by Arkas A. Lojistik (Turkey), Gulf Ba... DB Schenker and Kraft Foods open new distribution centre in Columbus, Ohio DB Schenker and Kraft Foods have built a 93,000 sqm state-of-the-art storage terminal in Groveport (Columbus) OH (USA). The facility was recently inaugurated by the managing d... Transworld group of companies win three prestigious awards The Transworld group of companies has won three prestigious awards at a maritime and logistics award event held in Mumbai (India) on 30 September. The awards were presented for per...

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OCTOBER 26, 2010
NCL files for IPO California marine highway project starts moving DoJ reaches agreement with NCL on ADA violations Alcoa awarded JHSV tie down subcontract Foss hybrid tug even greener than hoped VT Halter Marine parent eyes Brazil Keppel Verolme buys graving docks from Port of Rotterdam Bulker is millionth ship to transit Panama Canal No federal grant to convert SS Badger to diesel

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OCTOBER 26, 2010
Port of Vancouver celebration marks Columbia channel project completion Horizon Lines adding boxes for new Asia liner service Crowley plans to add green containers to fleet Oregon governor leading trade mission to Israel Mitsui vessel receives maritime labour convention nod

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OCTOBER 26, 2010
Three London brokers awarded licences to trade in China Beijing makes move as it looks to boost connections with international maritime community Shanghai seeks to tap London's maritime expertise Chinese traders shun global FFA market China must play bigger role in shipping Shipping job market shows signs of strength Employers losing out on top talent as candidates are more optimistic about prospects Prospects pick up for graduates in shipping Idle boxship capacity grows as winter chill sets in Number of unemployed vessels reach 138 ships with a combined 289,000 teu Boxship deliveries set to hit 2008 record... Indian breakers take second VLCC Country's recyclers seize initiative as volatility continues for Pakistani and... Owners get ready for IMO hazardous material...

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OCTOBER 26, 2010
Royal Caribbean beats outlook ROYAL Caribbean today reported stronger earnings than expected for the third quarter and predicted steady yield improvement in 2011 Fain mum on newbuildings ROYAL Caribbean could face a dry spell in newbuilding deliveries of at least a year, executives confirmed on today's conference call French strikes persist, bill passed SEVEN of France's 12 refineries are still blocked today, and oil terminals at Marseilles and Le Havre remain strikebound as the country's industrial unrest comes to a head Shreyas revenues grow 27% MUBAI'S feeder service operator Shreyas Shipping & Logistics, part of Transworld, today posted a 27% year-on-year rise in revenues for its July-September quarter Brazil box expansions planned THREE companies plan to spend almost 1Bn reais together ($590M) to expand box terminals in Rio de Janeiro, Salvador and Santos Tata advances iron ore plan TATA STEEL told the Bombay Stock Exchange today that a subsidiary is joining New Millennium in a joint venture to produce 4M tonnes of iron ore per year in Canada Lawsuit filed over ACL deal THE PROPOSED $777M sale of American Commercial Lines to private equity firm Platinum Equity has spurred an investor lawsuit in Delaware EC wants fuel feedback TEN hails China 'gateway' Israeli port law challenged Braemar profits, targets Asia Israel opens box terminal Hapag increases junk bonds Transnet profits boosted by coal Extension exception in Russia

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OCTOBER 26, 2010
CN Net Rises 21 Percent to $543 Million Global Air Freight Recovery Slows CSX Brings GenSet Locomotives to Maryland Former Maersk Chief Joins Broker's Board Q&A: Workers Strike at France's Major Ports Hapag-Lloyd Boosts Bond Issue Record Third Quarter Boosts Shipyard Forecast Consumer Confidence Picks Up Slightly in October Used Truck Prices Rise, Sales Decline KCS Net Profit Surges 85 Percent to $52.8 Million US Slips in Global Corruption Index DVB Strikes Plane Finance Deal in China TNT Adds Western China City to Express Network Braemar Operating Profit Rises 3 Percent Postmaster General Potter to Retire

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OCTOBER 26, 2010
Beluga Fortune overcomes pirates Carrier takes up low-sulphur responsibility Hapag-Lloyd to pay 9% on new bond UK economy faring better than expected? Evergreen on Q3 upwards spiral

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OCTOBER 26, 2010
Tsakos warns of loss in third Nikolas Tsakos-led TEN expects tough tanker markets to bring red ink in third quarter but eyes full-year cheer. Teekay linked to LPG sale Dutch gas owner Anthony Veder snatches ethylene carrier from Teekay LNG Partners, brokers claim. ST sets sights on Brazil Singapore-listed parent of US shipbuilder VT Halter Marine sets up shop in South America's richest nation. StealthGas pens ten charters Harry Vafias-led StealthGas finds work for raft of LPG vessels with Far Eastern outfit taking six. JP Morgan cuts Teekay Corp Equity analyst slashes rating tied to New York-listed owner as tanker rates and third quarter earnings prospects come under fire. Barents Sea bonanza for Sveaas Christen Sveaas-led Rederi AB Transatlantic celebrates after securing long-term deal for AHTS newbuilding. Swiber sells Malaysian offshoot Singapore-listed offshore owner hands over Malaysian affiliate to mystery buyer for $1m. Fain sees gain for RCCL Richard Fain-led Royal Caribbean Cruises booms in third quarter and eyes 'record EPS' in 2011. Doomed cruiseship gets a tow Demolition candidate Caribbean Express needs help off Cape Town after dragging anchor. Subsea 7 stung in Q3 North Sea contracts kick $294m to Kristian Siem-led offshore owner but profit still falls short in the third. Marsh: 'Braemar staying put' No London exit or secondary listing planned by Alan Marsh-led broker which is boosting Asian presence. Coscol lifts third quarter profit Cosco's heavy-lift arm enjoys hefty earnings gain to 30 September. Dof Installer hunts $34m Oslo-listed offshore cartel calls on capital markets to fill financing gap tied to trio of newbuildings. Braemar profit up on dry rise Alan Marsh-led broker boosts top and bottom line in first half as it ships Denis Petropoulos to Singapore. Hapag-Lloyd hikes bond issue German container line selling another EUR 150m in notes to private investors as part of refinancing. Shreyas Shipping sheds liner losses Strong recovery from Indian feeder owner in first half as revenues grow. Worldscale rates on the up Analyst McQuilling predicts big rise in 2011 tanker flat rates after fuel price inflation. Badger misses out on US cash Last North American coal-fired steamship fails to win $14m grant to convert to diesel. Great Harvest splashes IPO cash Hong Kong owner reaps reward of share sale by snapping up Cido panamax due for delivery this year. Prosafe cashes BW Offshore shares Accommodation rig owner sheds holding in Sohmen-Pao-controlled FPSO company weeks after its takeover of Prosafe Production. K Line counting on Gujarat coke Japanese owner signs five-year bulker deal to import coal for Indian power firm. Wake-up call for shipyards Singapore manpower minister Gan Kim Yong says yards issued with more than 100 safety warnings in last two months. ACL under fire over Platinum sale US tug-barge giant being sued by investor who claims $777m private equity takeover undervalues his stake. FOP breaks losing streak Fred Olsen Production returns to profit in the third quarter as FPSO market continues to improve. Seaway laker grounds again John D Leitch refloated at Buffalo after second incident in little over a year. Mermaid makes more from market Australian offshore shipowner lands $35m from investors to fund its first PSV splash. Yangzijiang up a third Profits at Chinese shipbuilder see strong year-on-year growth on increased newbuilding deliveries. Mercator profits stay flat Singapore spin-off sees revenues rise 21%, but operating costs jump on increased vessel hire expenses.

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OCTOBER 26, 2010
Asia/Europe, transpacific contrasts remain Hapag-Lloyd to add to bond issue COSCO sets up shop in Taiwan Air freight demand up 15% but slowing U.S., Japan open skies pact to help cargo Cleveland looks at Montreal feeder service Congress gets 'incomplete' grade on trade Retailer: Consider transload in new inland era CBP to pilot account management techniques Former Maersk chairman joins Livingston board

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OCTOBER 26, 2010
Maersk pleaded guilty to violating rest regulations A P Møller-Mærsk, owner of the British-flagged container carrier Maersk Patras, has pleaded guilty to eight charges of failing to provide adequate hours of rest for the crew Finnlines adds St. Petersburg in ro-ro service Grimaldi-owned Finnlines will expand its existing ro-ro service between Hull and Helsinki by adding St Petersburg. The weekly service will be operated with the ro-ro vessels Finnhawk Pirates left Beluga vessel empty-handed The Beluga Shipping heavy lift carrier Beluga Fortune is no longer hijacked. On October 24, a group of pirates boarded the ship in the Indian Ocean, but as they did Egholm II to be salvaged today J A Rederiet (Jens Alfastsen) has signed a contract with the underwriters to salvage the sunken ferry Egholm II. The ferry is expected to be lifted out of the water 276 new container carriers to enter the market Some 276 new container carriers are expected to enter the market in 2010, Alphaliner reports. Total capacity will increase by 9.5 per cent and 1.42 million TEUs (Twenty

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OCTOBER 26, 2010
Coriolis-based flowmeters a 'false insurance' CBI Engineering raises fresh doubts about scope for meter system. Prices mainly firm in European hubs Rotterdam sees small gains. Bunker prices generally down in Middle Eastern ports Still no spot prices for IFO in Durban. Fuel savings boost cruise line's results Royal Caribbean Cruises cuts its predicted bunker consumption. Some bunker operations reported in Fos-Lavera Reports of refinery workers returning to work as French strikes ease. Chemoil 'doubles' volumes in Singapore and Fujairah CEO says sales volumes in Singapore between 250,000 and 400,000 a month. Bunker prices mostly down amid slack demand Demand generally weak across key Asian bunker ports, traders say. Bunkerworld to showcase pricing products, analysis capabilities at SIBCON 2010 Visit Bunkerworld's booth for a chance to win a 64GB 3G Apple iPad. Vitol ups terminal storage capacity in Cyprus Terminal will hold up to 550,000 cubic metres of gasoline, diesel, jet fuel and fuel oil. Hamburg S'd, Alian'a joins switch to low sulphur fuels in Hong Kong Hamburg S'd to test low sulphur use at the port prior to the 2011 switch. ExxonMobil commissions ultra low sulphur diesel refinery units Increases supply of ultra low sulphur diesel to over three million gallons a day. Shipowner sees 'no price difference' for ISO 8217:2010 product Suppliers asking 'same price' as for the 2005 spec product, says APL.