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Shipping News

Drydocks unit confident despite mishaps
Despite some drawbacks, Drydocks World-SE Asia remains confident that it will emerge more competitive once better work processes are in place.
Hong Kong govt to bankroll HK$7b cruise terminal
Hong Kong, one of the world's iconic port cities, said yesterday it would finance a new HK$7 billion (S$1.28 billion) cruise terminal to avoid further delays after an earlier failure to find suitable investors.
MISC to keep using Gulf of Aden
Malaysian shipping firm MISC Bhd is to continue using the Gulf of Aden despite having been forced to pay a ransom to recover two of its vessels hijacked by Somali pirates.
Govts get flak over piracy off Somalia coast
Oil traders line up flotilla of cargoes to the US

Strait Talk

Final call for naval action against piracy off Somalia
MY intention was for this column to look at increasing challenges facing the liner shipping industry. Events have overtaken that plan as this week increasingly becomes one of crisis.

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Shipping News

Drydocks unit confident despite mishaps
Despite some drawbacks, Drydocks World-SE Asia remains confident that it will emerge more competitive once better work processes are in place.
Hong Kong govt to bankroll HK$7b cruise terminal
Hong Kong, one of the world's iconic port cities, said yesterday it would finance a new HK$7 billion (S$1.28 billion) cruise terminal to avoid further delays after an earlier failure to find suitable investors.
MISC to keep using Gulf of Aden
Malaysian shipping firm MISC Bhd is to continue using the Gulf of Aden despite having been forced to pay a ransom to recover two of its vessels hijacked by Somali pirates.
Govts get flak over piracy off Somalia coast
Oil traders line up flotilla of cargoes to the US

Strait Talk

Final call for naval action against piracy off Somalia
MY intention was for this column to look at increasing challenges facing the liner shipping industry. Events have overtaken that plan as this week increasingly becomes one of crisis.

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China's trade value rises 25.7pc in first eight months Economic doubts cloud sale of Daewoo Shipbuilding shares Correction: APL policy statement wrongly attributed Xiamen Haicang Bonded Area construction commences Yellow Sea port wins top spot for growth with 84pc hike ProLogis launched logistics programme in Chengdu Jiangsu launches road cargo express service Zayed Port receives first 8,000-TEU mega vessel RFID sectors on mainland, Taiwan, HK form alliance Savannah gives State of the Port Address October 9 Lloyd's first-half profits fall 48pc to US$1.8 billions DB Schenker acquires 49pc of NordCargo via Railion Italia unit US warehousing rents on a downward track Korean Air starts Seoul-Tel Aviv service Nagamas seeks air cargo boost by partnering with foreign airlines Donghai Airlines launches Chengdu to Hong Kong cargo service

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MoS Secy puts shipping industry in proper perspective BBC to depict voyage of a container & its role in global economy Box shipping industry asked to close ranks to sail thru' cycle of slump India, EU to aim at euro 100-bn trade in 5 years Uptrend in soyameal exports seen Asia-Pacific seen safest harbour to weather global slowdown CoPT awards Jaisu Shipping contract to dredge Vallarpadam Channel for 2 years only Another slag loading record bested at Vizag Port TCI's supply chain div. bags 'Best 3PL' service provider award With fuel costing less, US airlines emerging from turbulence Fairdeal Group's ICD-Indore to be please-all facility Inauguration today EGoM skirts issue of 100 pc tax sop for IT cos in SEZs SRTEPC chief tinges optimism with caution

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SEPTEMBER 30, 2008
Railrunner names Daniel Renzella CFO NOL confirms binding bid for Hapag-Lloyd British Airways expands offer to Spain Krone still banking on gigaliners Beständig goes into receivership Pack & Move in Basel, 18-21 November

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SEPTEMBER 30, 2008
MISC ships released Industry makes new call for action on pirates Hamburg group "outbids NOL" Precious fixes more ships long term

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SEPTEMBER 30, 2008
Gun-shy shipowners demand more naval protection Austal USA launches second Hawaii Superferry

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SEPTEMBER 30, 2008
Asia-Europe box rates plummet to new lows CONSUMER demand continues to crumble, with the crisis compounded by the first signs of customer insolvencies. Boxship newbuild orders fall victim to credit chaos Fears for crude as tanker FFA's tumble BROKERS worry that crude sector may not see its seasonal fourth quarter upturn as tanker paper rates fall this week. Pirates now better equipped than ever UNITED Nations expert says Somalia gangs armed with increasingly sophisticated technology by their land-based backers.

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SEPTEMBER 30, 2008
Shipping again rejects arms race SHIPPING organisations renewed their warnings today that more weapons aboard merchant vessels will translate into more danger ' not less ' for their crews Canada oilsands project crimped A PIPELINE project to transport crude from Alberta's oilsands, worth C$4Bn is in jeapardy Nine-lives Requiao back in Brazil MAVERICK former Paranagua port boss Eduardo Requiao is fighting a rearguard action to regain control over one of Brazil's leading ports Russia to cut oil exports to Gdansk RUSSIA will reduce crude oil shipments to the Polish port of Gdansk, starting this month Storm sinks Korean ship off China A TROPICAL storm near China's Nanji Islands has caused a bulker to capsize and sink Croatia looks to Montenegro ships THE CROATIAN Register of Shipping has confirmed that it is discussing a plan to enable ships from Montenegro to register with Croatia Schwarzenegger signs pilot law CALIFORNIA governor Arnold Schwarzenegger has signed legislation in response to the Cosco Busan spill that includes more oversight of San Francisco Bay pilots

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SEPTEMBER 30, 2008
Ports ready to enforce clean-trucks plan To avoid gridlock, LA-Long Beach and operators will station security personnel outside gates to turn away noncompliant trucks. NYK's Keller pushes productivity Report: Investor group outbids NOL for Hapag-Lloyd Textile producers seek extension of China monitoring program North American surface transportation jumps Phillip C. Yeager, Hub Group founder, dies Agility names Michael Robinson COO Airfreight volume slides CP gets nod on DM&E purchase Martinair adds perishables services Arviem, AscentIQ form partnership

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SEPTEMBER 30, 2008
Schwarzenegger signs oil spill bills but vetoes others ICG to buy back shares APM T appoints Mitchell Oil price recovers after US bail-out rejection UK port companies face bankruptcy from backdated rate demands

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SEPTEMBER 30, 2008
Paving the way Ministry of Shipping official says India wants more foreign investment in the country's shipping sector. Stocks in upswing US markets recover some of the losses from Monday's freefall, and shipping shares get in on the action. India calls Niva Shipping's Dimitris Vintiadis says Indian shipping market has yet to show its full potential. Stolt pays up Niels Stolt-Nielsen-led parcel tanker player forges agreement with Canadian investigators to end antitrust enquiry. Death confirmed Belize registry confirms reports that the master of a hijacked vessel died of a heart attack. Quality time Crisis in financial markets send a message to shipowners to be less focussed on insurance pricing. Phantom failures Commercial pressure and ineffective measures lead to the capsize of the tug Flying Phantom and the deaths of three men. Brokers beaten Braemar and ACM see stocks punished in London, while there is mixed fortunes for Oslo-listed owners following another rollercoaster morning. Odfjell attack Norwegian owner's chemical tanker Bow Cedar avoids becoming latest piracy casualty in Gulf of Aden. Able go-ahead Last-minute legal bid to stop French aircraft carrier Clemenceau being recycled in UK fails. You're not safe Offshore players warned the much championed boom in the sector will not make it immune to the global downturn. Tanker grounds A Sovcomflot products tanker has been re-floated after running aground near Philadelphia. Summer of love Profitable times for the pirates of Somalia leads to boom in weddings. AET swoops Russian yard Okskaya sells three tankers once intended for Italy's Barbaro to MISC unit after scrapping original contract. Fiori in ninja loan Italian shipowner D'Amico scoops $95m from Mizuho to pay for Japanese ships. Offshore boom Indian owners are benefiting from the strong offshore industry according to DVB Bank's Tom Elvoy. In the same boat It's time for Indian shipowners to be proactive if they want to avoid crew shortages says ICS Secretary General. Piracy puzzle Don't forget to ask if the armed men attacking your ship are pirates or terrorists. It's important. Xmas for Carroll Irish billionaire Liam Carroll can strengthen his ICG holding without spending a dime. PST pays up Singaporean trust taps stock offering cash to pay off loan from two banks. Hoover horror A vacuum cleaner has been revealed as the cause of the devastating fire on the Cutty Sark in London. Casualty kills one Six others missing as South Korean ship carrying timber sinks off China in typhoon. Precious contracts Thai bulker owner ties up five ABG newbuildings on time charters worth up to $151m over five years. On target UK gas carrier systems company meeting first-half expectations as orderbook builds. Pension poser South Korea's national pension fund may not bid for Daewoo Shipbuilding as global financial turmoil worsens. Double trouble Asian bulker owners feel the pain as failed US bailout and two year BDI low hit together. Dream sale off Cyprus cruise line Louis pulls plug on deal to acquire Star Cruises' Norwegian Dream. John keeps buying Global economic woes not preventing Fredriksen from buying more shares in SapuraCrest. Profits up at Jotun Morten Fon-led paints group sees 15% jump in operating profits, but warns of tougher times ahead.

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SEPTEMBER 30, 2008
AXS-Alphaliner: Surcharges might rise post-conference Ship owners livid with naval response to Gulf of Aden piracy IATA sees tough road ahead, August volume drops 2.7% ABX lays off more workers Union action could impact JAL international flights Critic: House bill could chill rail investment Association: Great Lakes shipping "dodges bullet" Report: Indian apparel/textiles should aim for value, not volume Agility names Robinson U.S. COO Mandatory AES starts today Powell named CFO of Expeditors Le Havre, SOGET enter agreement with OAS Moore named CEO at Global Container Terminals Georgia ports approve spending for new cranes

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SEPTEMBER 30, 2008
Transatlantic to sell Atlantic Division Transatlantic is negotiating with a foreign buyer on a sale of the Atlantic Division. The sale includes the business activities and some of Transatlantic's owned vessels in the Atlantic service. Transatlantic has currently 12 ships within the Atlantic Division, five ... Odfejll tanker attacked Odfjell's chemical tanker Bow Cedar was attacked by pirates in the Gulf of Aden on Monday. A speedboat approached the ship but the crew could force off the pirates by using water cannons. The pirates left the scene after 20-25 ...

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SEPTEMBER 30, 2008
Bunkers International opens new US East Coast office Bunker company announcing extended coverage of the Atlantic region. $100 floor for oil predicted Vested interest for producers to hold prices steady. Oil spill bills receive Governor's signature Schwarzenegger signs seven of the eleven bills in response to Cosco Busan spill, three 'landmark bills' vetoed. Petrobras announces new procedures Changes to company's quotations and nominations, effective . Global bunker market report ARA prices holding up in volatile market Soft opening after Monday's steep crude fall giving way to firmer numbers at the close. Bunker market prospects 'good' despite turmoil WFS vice president sees 'potential growth' as developing economies expand. Two large newbuilds active off West Africa Addax halfway through fleet replacement program. Asian bunker prices see sharp falls Volatility returns to the markets after days of relative calm. Rotterdam barge market very quiet Bunker operations begin at Colombo storage complex Two of the eight licensed bunker suppliers have started offering products from the facility. Oil prices to ease in coming months But era of low oil prices is over, says IEA director. Owner orders more 'green' ships The main engines will use the latest electronic control technology to cut bunker consumption.