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Container vessel scrapping hits two-year high
Shipowners scrapped the most container vessels in two years this month as they seek to revive cargo rates amid an oversupply of ships and higher fuel costs.
Vale ore carrier for Philippine port
One of Vale's mega ore carriers, among the world's biggest, is expected to arrive in the Philippines this week to unload its maiden cargo of Brazilian iron ore as the miner's fleet remains locked out of its biggest market, China. Vale has been forced to divert its fleet of six mega vessels to the Philippines, Italy, Oman and other destinations while waiting for Beijing to give it access to Chinese ports.

Strait Talk

Naval presence still critical
A STRONG naval presence off Somalia is more necessary than ever.

Shipping Times

China unveils new high-speed train
China has unveiled a prototype train capable of reaching speeds up to 500 kilometres an hour, state media said yesterday, as the nation pushes ahead with high-speed rail despite a fatal crash.

web site

Shipping News

Container vessel scrapping hits two-year high
Shipowners scrapped the most container vessels in two years this month as they seek to revive cargo rates amid an oversupply of ships and higher fuel costs.
Vale ore carrier for Philippine port
One of Vale's mega ore carriers, among the world's biggest, is expected to arrive in the Philippines this week to unload its maiden cargo of Brazilian iron ore as the miner's fleet remains locked out of its biggest market, China. Vale has been forced to divert its fleet of six mega vessels to the Philippines, Italy, Oman and other destinations while waiting for Beijing to give it access to Chinese ports.

Strait Talk

Naval presence still critical
A STRONG naval presence off Somalia is more necessary than ever.

Shipping Times

China unveils new high-speed train
China has unveiled a prototype train capable of reaching speeds up to 500 kilometres an hour, state media said yesterday, as the nation pushes ahead with high-speed rail despite a fatal crash.

web site

Shipping News

Container vessel scrapping hits two-year high
Shipowners scrapped the most container vessels in two years this month as they seek to revive cargo rates amid an oversupply of ships and higher fuel costs.
Vale ore carrier for Philippine port
One of Vale's mega ore carriers, among the world's biggest, is expected to arrive in the Philippines this week to unload its maiden cargo of Brazilian iron ore as the miner's fleet remains locked out of its biggest market, China. Vale has been forced to divert its fleet of six mega vessels to the Philippines, Italy, Oman and other destinations while waiting for Beijing to give it access to Chinese ports.

Strait Talk

Naval presence still critical
A STRONG naval presence off Somalia is more necessary than ever.

Shipping Times

China unveils new high-speed train
China has unveiled a prototype train capable of reaching speeds up to 500 kilometres an hour, state media said yesterday, as the nation pushes ahead with high-speed rail despite a fatal crash.

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Global Shippers Forum seeks complete global ban on shipping conferences Beijing's Yizhuang Bonded Logistics Centre passes state inspection World Shipping spirits hold up despite troubles: Moore Stephens survey ATA: Tight rules on US truckload drivers speed turnover rates to 89pc Optimarin signs ballast water treatment frame agreement with DOF European railway chiefs discuss new rail freight transport corridors Beijing to support Fujian province in building two airport clusters Panalpina expands air and sea logistics capabilities in China Korean Air quits Halifax, Europe demand falls, shippers like trucks, trains

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Adani Enterprises scouting for global logistics service provider Sequel Logistics wins dual honours VLCCs sail into bleak 2012 China seeks long-term pacts with Indian iron ore companies DP World Cochin berths second call of NCX service NHAI raising Rs 10,000 cr. through tax-exempt bonds Centre-states conflict on CST compensation may delay GST FinMin blames global problems, high interest rates for hurting growth Gem, jewellery exports to continue to grow at 15 pc: GJEPC Govt may canalise iron ore exports India devises norms to facilitate fund flow from Pakistan Low MEP fails to prop up onion exports No plans to freeze Customs duties at current levels: Sharma L/C payment a safer choice for international trade

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DECEMBER 27, 2011
India's L&T Shipbuilding to get technological support from Mitsubishi Heavy COSCO Dalian secures VLCC to FPSO conversion order SEACOR takes stake in European wind farm utility vessel operator BSEE holds "blowout" spill drill

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DECEMBER 27, 2011
IMO announces list of revisions to seafarer standards of training Evergreen joining CKYH in upgrades to service loops General Dynamics NASSCO earns Blue Sky environmental nod Pair of railroad unions onboard with new contracts Coast Guard suspends search for missing cruise ship crewmember

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DECEMBER 27, 2011
Cido sells two more FOLLOWING its en bloc sale of 30 medium-range products tankers to Craig Stevenson-led Diamond S Shipping, Cido Shipping has executed another collective transaction Italian tanker hijacked SOMALI pirates have hijacked the products tanker Enrico Ievoli, Naples-based owner Marnavi has confirmed

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DECEMBER 27, 2011
Shippers Decry Changes in Trucking Hours of Service Groups representing shippers say new rules on work hours for truck drivers will reduce efficiency across their supply chains, complicating... Troubled Cross Creek Trucking Shut Down Regional operator Cross Creek Trucking is shut down this week after federal safety regulators withdrew the company's authority eight months... FedEx Pilots 'Outraged' at Fatigue Decision The union representing FedEx Express pilots says it is "outraged at the casual dismissal of cargo pilots and their families"...

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DECEMBER 27, 2011
Marnavi tanker taken Italian owner says a product carrier vessel was snatched this morning in the Gulf of Aden Asian boxship alliance China Cosco Holdings, Evergreen, Yang Ming Line, Hanjin Shipping and Kawasaki Kisen Kaisha team up on Europe to Asia routes. Thor Liberty free to go Finland lifts detention of a cargoship found to contain patriot missiles but won't let captain and first mate leave. Bumi confirms rainbow deal Malaysian offshore owner owns up to acquisition of Rainbow River reported by TradeWinds in November. Bharati restructures debt Shipybuilder's share price spikes in Mumbai following the announcement of a huge refinancing package. Cosco bags conversion Singapore-listed shipbuilder will convert a VLCC into an FPSO for a Japanese owner. Seadrill in Africa breakthrough John Fredriksen's drilling company has agreed a charter deal for semi-render rig in Equatorial Guinea. Brodosplit gets Jumbo sister Dutch specialist has exercised an option for a second heavy lift newbuilding at Croatian shipbuilder. SeaCube in shelf registration Joseph Kwok-led container leasing company eyes fresh funds as Fortress looks to offload more stock. NYSE puts DHT on notice Tanker owner becomes the latest company to receive warning from exchange over share price slide. Sovcomflot cut at Moody's Worse than expected third quarter performance sees ratings agency downgrade Russian tanker owner. Weather delays Rena salvage Large swells have put the salvage operation of the wrecked Costamare boxship on hold for the past few days.

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DECEMBER 27, 2011
Slow post-holiday start in Rotterdam Deliveries before the New Year tricky in some markets. Finland could struggle to find support for ECA delay Finland's opposition on range of EU policies 'does not bode well for Finnish negotiators.' Suez MGO jumps on tight supply Moderate demand and price moves reported in Fujairah on Tuesday. Maersk Line: 'Most people back environmental agenda' Slow steaming is having a 'positive impact'. Pressure to reduce C02 emissions 'will continue' 2011 will be seen as a 'pivotal year' for shipping. Sinopec Fuel Oil expands into the Middle East Makes 'first' bunker supply in Fujairah in cooperation with BP. Price of IFO380 grade mixed at major Asian ports Supplies of marine fuel differ at key Asian ports on Tuesday. Current layups 'hardly sufficient' More layups needed as pressure on freight rates makes it 'more difficult' to pass high bunker costs to customers, says BIMCO. Gulf Petrochem opens new office in Dubai Dubai office 'reaffirms' commitment to region, says group chief executive. Stricken vessel in Antarctica takes on more fuel Extra fuel transferred to Sparta to adjust trim and expose hole in hull for repairs. Sinopec Zhoushan reaches bunker sales target for 2011 Aims to sell three million mt of bunker fuel in 2012. New slow steaming clause published New clause addresses the legal and technical aspects of slow steaming in time charter parties. New study sheds light on impacts of bunker fuel Components of Cosco Busan bunker oil accumulated in naturally spawned herring embryos, then interacted with sunlight during low tides to kill the embryos.