BRIEFS

web site

Shipping News

Iran navy tests surface-to-surface cruise missile as part of drill
Iran's navy said that it test-fired a surface-to-surface cruise missile yesterday during a drill in international waters near the strategic Strait of Hormuz, the official IRNA news agency reported.
Austal may start production at Cebu shipyard in Q1
AUSTRALIAN shipbuilder Austal expects to begin building vessels at its newly acquired Philippine shipyard in the first quarter of 2012, depending on orders. And it will be investing US$5 million to upgrade the shipyard's existing facilities.
Grounded cargo ship off NZ breaks up into two pieces
A Liberian-flagged cargo ship that grounded on a New Zealand reef almost three months ago has effectively broken into two pieces, New Zealand's shipping authority said yesterday.
Oil tanker operator Frontline completes revamp
Indonesia rescues hijacked tug boat

Aviation News

Jamaica coming alive with Kennedy airport arrivals
A steady stream of travellers dragging wheeled suitcases and speaking a Babel of tongues is helping revive downtown Jamaica, a vibrant hub of the borough of Queens that weathered several decades of decay and crime.

web site

Shipping News

Iran navy tests surface-to-surface cruise missile as part of drill
Iran's navy said that it test-fired a surface-to-surface cruise missile yesterday during a drill in international waters near the strategic Strait of Hormuz, the official IRNA news agency reported.
Austal may start production at Cebu shipyard in Q1
AUSTRALIAN shipbuilder Austal expects to begin building vessels at its newly acquired Philippine shipyard in the first quarter of 2012, depending on orders. And it will be investing US$5 million to upgrade the shipyard's existing facilities.
Grounded cargo ship off NZ breaks up into two pieces
A Liberian-flagged cargo ship that grounded on a New Zealand reef almost three months ago has effectively broken into two pieces, New Zealand's shipping authority said yesterday.
Oil tanker operator Frontline completes revamp
Indonesia rescues hijacked tug boat

Aviation News

Jamaica coming alive with Kennedy airport arrivals
A steady stream of travellers dragging wheeled suitcases and speaking a Babel of tongues is helping revive downtown Jamaica, a vibrant hub of the borough of Queens that weathered several decades of decay and crime.

	web site

CSAV to restructure ABS in February adding calls at Busan and Singapore Taicang's cross strait cargo volume tops one million tonnes Anhui province to invest US$13.4 billion in expressway construction China and Mongolia sign agreement to open 14 motor transport highways Cargotec's Kalmar RTGs debut in Uruguay; Tauranga, NZ, orders more CEVA signs 5-year, air-con distribution contract with Eurofred Hunan provincial logistics value increases by 18.8pc in 2011 Air Nigeria passes Operational Safety Audit for 3rd time Indonesian air cargo security is state-run scam, says lobbyist Air cargo imports through Cork City, Ireland, drop 36pc in 2011

	web site

Bharati Shipyard goes in for ' 2,854-cr. debt recast CKYH, Evergreen form alliance on 12 Asia-Europe-Med services Drewry gives the thumbs up to Daily Maersk's reliability Drillship Etesco Takatsugu J. delivered Express Transport receives key industry award HAMBURG SUD & partners to upgrade transatlantic service China may explore new sources for iron ore imports Kenya's loss a windfall for India's tea exports to Pak IPPTA seeks tariff status quo for facilities coming under TAMP's 2005 guidelines Kandla Port's first loading record of 2012 Continental Terminals to develop 18 facilities by 2016 Engg exports growth on wane since Sept.: EEPC India EoIs to be invited for 15-yr coal import contract: NTPC FDI slips 50 pc to $ 1.16 bn in Oct. Govt mulls creation of body for handling PPP projects India Inc's margins to shrink further but exporters to gain: Crisil World economy may remain stable despite EU crisis: Reuters poll

	web site
JANUARY 2, 2012
Missing mariner arrives safely on Big Island TOP Ships selling drybulk vessel, PEPITO Department of Transporatation honors Student Challenge winners Hyundai Merchant Marine announces rate increases Panalpina opens Tianjin logistics office

	web site
JANUARY 2, 2012
MCA trio in new year honours list Queen recognises maritime safety contributions Zim fails to reach deal on covenants Parent Israel Corp will need to class $2bn as short term debt Cracked Genmar vessel cargo to be removed Authorities bill STS move as 'precautionary' Hamburg Süd downgrades profit expectations German box line will be happy with 'black zero' on its bottom line HSH Nordbank files notice of appeal in Omega Navigation Chapter 11 case Houston bankruptcy court battle set to rage on as cash collateral hearing set for January 9 Frontline restructuring gives tanker giant new lease on life New Fredriksen-backed Frontline 2012 completes vessel purchases, takes on debt and newbuilding commitments Maersk boss recovering from surgery Andersen expected to be off work for one month after December 30 hospital admission The real fight begins The realignment of the container industry in 2011 was extraordinary, but it is just a first step Knudsen quits as boss of Eitzen successor Chairman Figenschou steps into role Owner acknowledges Vinalines Queen sinking Some 22 seafarers still unaccounted for Asia-Europe box battle hots up New order taking shape in Asia-Europe box trades after frenetic month of horse-trading

	web site
JANUARY 2, 2012
Zim misses deadline ZIM parent Israel Corp admitted today that it has not obtained covenant waivers from lenders, potentially forcing Zim's long-term debt to be reclassified as current liabilities US ethanol tariff dead AMERICA'S controversial $0.54/gallon tariff on imported ethanol has expired, opening the door to future Brazilian tanker cargoes Top nears drybulk exit NASDAQ-listed Top Ships has confirmed the loss-making sale of the Pepito, leaving it with one remaining bulker in its shrinking fleet

	web site
JANUARY 2, 2012
Zim Misses Deadline on Debt Zim Integrated Shipping Services failed to meet a Dec. 31, 2011 deadline to obtain concessions or amendments to financial covenants... A.P. Moller-Maersk CEO Has Emergency Heart Surgery A.P. Moller-Maersk CEO Nils Andersen underwent emergency heart surgery in Switzerland over the New Year, the parent of container ship...

	web site
JANUARY 2, 2012
Saudi prepares Yanbu plan Top oil exporter reveals Iran blockage contingency proposal to ship oil through Red Sea terminal. Rena wreck may split in two Hull crack widens as storms lash containership grounded on New Zealand's Astrolabe Reef. Bank deal eludes Zim Struggling Israeli shipping line fails to meet year end deadline for waiver of financial covenants. Jason loses chief executive Chairman Aage Figenschou takes on top management role after Peter Knudsen quits troubled Norwegian shipping group. Frontline back on course John Fredriksen led venture says it starts New Year ready to meet the challenge of a very weak tanker market. Genmar ship set for unloading Work set to begin to remove cargo from a panamax tanker that suffered a cracked deck using STS transfer. Maersk boss has heart surgery Nils S Andersen undergoes operation in Switzerland after suffering heart scare; set to be off work for one month.

	web site
JANUARY 2, 2012
Fujairah prices climb to start the New Year Durban sees market soften. Bunker markets see slow start to 2012 'Almost zero activity has been seen in the market since most of the world is on holiday.' Frontline completes restructuring Several of its newest vessels sold to spin-off company Frontline 2012 which was formed to help tanker giant to survive market crisis. Government oil firm takes stake in Fujairah terminal project Gulf Petrochem Group's 412,000 cubic meter storage terminal project due for completion in September 2012. Suriname: Lump sum introduced for small barge deliveries Volumes of less than 100 mt, or 50 mt for MGO only, now subject to a barge lump sum. Forward-thinking container feeder vessel design announced 2,000 TEU vessel design said to be up to 25% more fuel efficient per container and comes prepared for ECA and zero-emission port operations. Bunker prices down in Busan Public holiday in Singapore, Hong Kong and Tokyo Bay on Monday. Chinese shipper eyeing opportunities in 2012 Industry has entered 'winter season', says Chairman of China Shipping. Cargo ship towed away after drifting towards Chennai coast OSM Arena repositioned to deeper waters in Chennai's INS Adyar region. No 'significant amount' of oil spilled as Rena splits in two Boxship breaks in two after facing rough weather conditions over the weekend. Most environmentally friendly OSV delivered in US Harvey Supporter holds 'ENVIRO+, Green Passport (GP)' certification by ABS. 2011 tanker market shows 'virtue' of slow steaming Effects of slow steaming on the spot market should not be 'understated,' says Poten & Partners. South China fuel oil imports plummet 51% on-month Imports decline in line with low buying interest from bonded bunker players. Brightoil seeks shareholders approval on $75 million acquisition Proposed acquisition recommended by an independent board committee and independent financial adviser. Major Asian ports in compliance with new sulphur cap Singapore, Hong Kong, Busan and Tokyo Bay offering marine fuels with 3.50% sulphur limit. A.P. Moller-Maersk CEO falls ill Doctors expect Nils S. Andersen to fully recover following a surgery in Switzerland.