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Quintana CEO sees dry freight strong into '08
Unprecedented demand for maritime dry bulk freight should keep freight rates at current levels at least through the end of 2007, the top executive of Greece's Quintana Maritime Ltd said on Monday.
Rise in coal, iron ship-hiring rates may slow
Gains in charter rates for ships that transport dry goods in bulk including coal and iron ore may be capped by shorter delays at ports and concerns over a faltering US economy, data from the Baltic Exchange suggests.
Hedge funds push coal, iron ore freight costs to a record
Shipping costs for iron ore and coal are at a record because of speculation by hedge funds and do not reflect supply and demand, said Sempra Metals.
China marine sector's gross output up 13.5% in first half

Strait Talk

View from the Gherkin
ST Mary Axe is a street in the the City of London long associated with shipping. Tuesday last week saw me walking up and down it trying to find Number 30.

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Shipping News

Quintana CEO sees dry freight strong into '08
Unprecedented demand for maritime dry bulk freight should keep freight rates at current levels at least through the end of 2007, the top executive of Greece's Quintana Maritime Ltd said on Monday.
Rise in coal, iron ship-hiring rates may slow
Gains in charter rates for ships that transport dry goods in bulk including coal and iron ore may be capped by shorter delays at ports and concerns over a faltering US economy, data from the Baltic Exchange suggests.
Hedge funds push coal, iron ore freight costs to a record
Shipping costs for iron ore and coal are at a record because of speculation by hedge funds and do not reflect supply and demand, said Sempra Metals.
China marine sector's gross output up 13.5% in first half

Strait Talk

View from the Gherkin
ST Mary Axe is a street in the the City of London long associated with shipping. Tuesday last week saw me walking up and down it trying to find Number 30.

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Port of Tianjin box volume up 21 pc in first eight months LA-Long Beach volumes August peak season high equals last year's Menlo Worldwide to acquire Shanghai-based Chic Holdings Tianjin to hold logistics service fair AP Moller-Maersk names new chief executive for Southeast Asia US retail container traffic to drop this month, but rise next NDL/HIDC officially opens Hong Kong branch Korean Air Cargo starts Munich service Henan's largest cargo airline starts Zhengzhou-Delhi service US Transportation Security Administration hit for laxity Kunming adds cargo flight to Rangoon and Dhaka

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Efforts on to salvage cargo from listed ship Sevenseas Shipping forms JV with OnTime to establish OTSL Freight rate advantage prompts China to prefer Indian soyameal to American Russia may resume buying Indian sesame seeds soon US cuts shrimp anti-dumping duty MMTC invites bids for 44,000 tonnes of lentils DGFT instals helpdesk for ex-im trade Dilly-dallying on wheat imports costing govt dearly Infrastructure player Gammon India now sees synergies & strength in logistics Kolkata Port plans to enhance cargo handling capacity & efficiency Schenker India handles heaviest & largest-ever air freight cargo CONCOR joining hands with Rajasthan govt to develop integrated logistics park at Kanakpura ...resumes tea transport from Amingaon ...handles expedition shipment by Poland Adventure Club Yuans for investment in Gujarat India to receive $ 20 bn FDI a year till 2011 Seminar on HK as gateway to China today

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SEPTEMBER 11, 2007
Kuehne + Nagel International names Reinhard Lange as CEO Josef Felder resigns as CEO of Zurich airport Evergreen salutes tenth and final ship in its S-Series programme Air France-KLM now ready to negotiate for Alitalia Menlo Worldwide acquires Shanghai-based 3PL Chic Holdings

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SEPTEMBER 11, 2007
Farstad slams tax plan GL in USCG's Alternate Compliance Program LR opens Chinese training centre

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SEPTEMBER 11, 2007
GlobalSantaFe orders drillship GL passes 70 million gt mark Seaspan orders eight 13,100 TEU box ships

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SEPTEMBER 11, 2007
Seaspan buys mega boxships for Coscon charter SEASPAN inks deal for eight 13,100 teu vessels with HHI and will charter them to Cosco Container Lines. Coscon eyes mega-ships Goldenport lines up six newbuilds PARIS Dragnis company to buy four bulkers and two boxships as its interim profit rises almost 50%. BW Shipping looks at 'green' business options COMPANY studying new designs that allow ships to carry carbon dioxide. US demand for LNG puts pressure on maritime manpower ONE unintended consequence of the 9/11 US attacks is a revival of the nation's merchant marine in international shipping. When boxes go wrong WITH the age of giant boxships, underwriters are adjusting their mental sights to risks of $1.5bn and upwards.

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SEPTEMBER 11, 2007
Fesco braced for four-year slump A new report on the prospects of Far Eastern Shipping Co (Fesco), Russia's number-three shipping company, warns that revenues from shipping operations will drop this year to $436M, down 18% on last year, and will not recover their 2006 level for another four years Blue Lady: scrapping approved INDIA'S Supreme Court today cleared the dismantling of the Norwegian ship 'Blue Lady' (ex-Norway) at Alang ship-breaking yard Migrant Watch: US/Caribbean ORGANISED crime is behind the smuggling of illegal Cuban migrants, a USCG spokesman asserts Mermaid Maritime to list The offshore arm of Thoresen Thai Agencies is to officially list on Singapore's bourse Easy Cruise adds Life to fleet EASY Cruise, the UK cruise operator that targets a young clientele, will add a second seagoing ship to its operation next year Oman and Emirates link up OMAN Shipping Co and Emirates Trading Agency have entered into two joint ventures - one to transport alumina and the other to transport ethanol Paulson warns on US-China tensions Hyundai, others fined by FMC Sri Lanka sinks rebel gun-runners Farstad counts cost of Norway tax shock Odfjell regrets trusting government US looks to change spill liability Mexican blasts send oil price soaring Seaspan's $1.9Bn deal for newbuilds Dirty tricks: FEMFI fights back Senate to hear seafarers' complaint

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SEPTEMBER 11, 2007
U.S. shifting inspection burden to importers in wake of product scares A change in U.S. policy will task importers with learning more about how goods are manufactured overseas. Seaway traffic slumps Four settle with FMC EP-Team buys assets of Stonepath Logistics Seaspan orders 13,000-TEU boxships for Cosco Panama Canal asks bids on Pacific entrance dredging Canada stepping up trade talks with Asian nations Crowley names M&R director Florida extends DHL pact Rotterdam port profit up Schneider expands in China

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SEPTEMBER 11, 2007
Prince Rupert box terminal opening 'Corridors of the Future' announced in the US Irish Continental reports losses in 1H07 Maersk Line improves Europe/ECSA services Rotterdam breaks even

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SEPTEMBER 11, 2007
Middle Eastern venture launched Oman Shipping Company links up with Emirates Trading Agency to ship alumina and methanol. Hull losses worry IUMI Underwriter Fred Robertie warns that crewing problems and a big upturn in large casualties are probably related. Great Lakes bulker grounds American Integrity is the second American Steamship vessel to run aground in Muskegon harbour in recent weeks. Algoma bags products tankers Chinese company to build three newbuildings for an estimated $91m. Cosulich chairman dies Callisto Cosulich, head of the Fratelli Cosulich group, is mourned after dying at 95. Appeal filed in LNG effort US filing attempts to block Maryland's objection to Sparrows Point LNG terminal. Chinese duo for Swissco Fast expanding Singaporean offshore owner spends $10m on two support vessels. Summer surge for Viking Key seasonal passenger figures up 5% at Finnish ferry company. Books bother SSN Polish yard's sell-off could be delayed after auditor fails to endorse 2006 accounts. Not hot on spot Greek owner Goldenport intends to continue "conservative" chartering policy despite red hot bulker voyage rates. Yang Ming makes more Sharp rise in revenues leads to 14% leap in first half net profit at Taiwanese boxship owner. Alam arranges charters Malaysian owner secures seven-year deals for three utility vessels and two tugs from Petronas. Supreme Court says yes Indian judges okay controversial break-up of former cruiseship Norway. Huelin-Renouf orders in Leer Channel Islands freight operator replacing 25-year-old cargoship with deal for new vessel at NesseWerft. Golden dry goose Booming bulker market sends London-listed owner Goldenport's first-half net profit soaring. Six appeal for Goldenport Paris Dragnis-led owner returns to China with $245m orders for four bulkers and two boxships. Farstad facing big hit Norwegian tax crisis rumbles on, with offshore owner saying it could owe up to NOK 1bn. Zlomrex in the frame? Polish steel producer named as bidder in privatisation of Gdynia shipyard. Monster order for Seaspan US-listed owner finalises contract for eight 13,000-teu boxships at HHI, with Coscon chartering the vessels on delivery in 2011. Concor steps it up Indian rail and terminals group closer to adding shipping to its operations.

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SEPTEMBER 11, 2007
COSCO to charter Seaspan's 13,100-TEU ships Maersk Line Ltd. to exhibit oversize military cargo option ESPMC-WITASS raising southbound rates "K" Line vessel makes first Manila call MarAd sends 100th obsolete ship to the breakers TACA maintains bunker, currency charges Bernuth Lines altering some Caribbean charges Senate set to vote on cross-border truck program ATA files hours of service stay request Import safety panel recommends risk-based enforcement scheme St. Lucia prime minister dies

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SEPTEMBER 11, 2007
Seafarers disappointed of the government Around 7,000 Danish seafarers on ships registered in the DIS registry, (Danskt Internationalt Skibsregister), are disappointed of the government because ... New Russian oil export routes in the Arctic Russia wants to convert a number of northern ports into new oil hubs and export points. So far ports like ... Pride of Telemark grounded at Hirtshals Kystlink's passenger/car ferry the Pride of Telemark grounded in strong winds on entering the Danish port of Hirtshals just ...

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SEPTEMBER 11, 2007
MAN reveals record-breaking, low-NOx engines New ship engines for meeting special 'operational and environmental requirements'. Fratelli in mourning over loss of chairman Anniversary year seeing sad occasion for company as announcement made. SECA regulations trigger increased sales UK supplier says demand has almost doubled. Replenishment for Montevideo Uruguay refiner to release product to the bunker market. Fujairah differential still widening IFO bunker prices in Middle East hub $15 per mt above Singapore as fears of product shortage continue. Avails in South Korea tighten Two South Korean refiners have reduced bunker fuel output due to maintenance. Singapore: Pratt Bunkering Services to move Bominflot Group welcomes traders in UAE and India Work going ahead on Malaysia's bunker hub KIC chief says shareholding issues are being resolved.