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Shipping News

Piracy reported near Pulau Tioman
The second piracy incident in a month has been reported near Pulau Tioman off Malaysia's east coast. And both times the target was a tug towing a barge.
US fishermen socked by fuel surge
Leaping fuel prices are sinking the fortunes of America's commercial fishermen, some of whom may soon call it quits for good.
Arroyo will visit site of ferry tragedy, says spokesman
Philippine President Gloria Arroyo is expected to visit the site of the ferry tragedy and could meet the relatives of the victims, her spokesman said yesterday.
FedEx lowers charges in China market
EU executive adopts competition rules for shipping

Strait Talk

All at sea in making the right call?
IF ANYBODY really knew what was going to happen in the shipping markets in the next few months - or even a bit longer - they would be well placed to make a fortune. A few individuals - and John Fredriksen comes to mind - are actually consistently rather good at anticipating the market.

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Shipping News

Piracy reported near Pulau Tioman
The second piracy incident in a month has been reported near Pulau Tioman off Malaysia's east coast. And both times the target was a tug towing a barge.
US fishermen socked by fuel surge
Leaping fuel prices are sinking the fortunes of America's commercial fishermen, some of whom may soon call it quits for good.
Arroyo will visit site of ferry tragedy, says spokesman
Philippine President Gloria Arroyo is expected to visit the site of the ferry tragedy and could meet the relatives of the victims, her spokesman said yesterday.
FedEx lowers charges in China market
EU executive adopts competition rules for shipping

Strait Talk

All at sea in making the right call?
IF ANYBODY really knew what was going to happen in the shipping markets in the next few months - or even a bit longer - they would be well placed to make a fortune. A few individuals - and John Fredriksen comes to mind - are actually consistently rather good at anticipating the market.

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'K' Line to reinstate calls at Portland July 29 Jiangsu trade value up 32.9pc in first five months Panama Canal, New Orleans Port to promote all-water-route Savannah Port converts yard fleet to cleaner burning fuel IMO votes to make climate change key theme for 2009 agenda Schenker buys remaining Siemens stock in old JV TIACA appoints representative to talk to US legislative, regulatory bodies Lufthansa Cargo begins building cargo service centre at Frankfurt Deutsche Bank sells more than half its interest in Aeroflot

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JULY 1, 2008
Gazeley names country director for Poland Hamburg Süd launches new Asia-India/Pakistan liner service Etihad increasing London frequency Finland wants to go to Kandalaksha New GLS network partner in Turkey

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JULY 1, 2008
IMO moves on GHG reduction Slow steaming may breach charterparty UASC orders 9 from Samsung Conti, Bocimar launch handysize venture

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JULY 1, 2008
GulfMark Offshore completes Rigdon Marine acquisition Navios "blank check" company completes IPO IMO makes progress on greenhouse gas Slow steaming could bring law suits NAMMA awards for USG and Hapag-Lloyd

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JULY 1, 2008
Brussels gives box lines all-clear on trade association CONTAINER lines have been given the green light from the European Commission to set up a trade association. French ship owners issue flag state appeal OWNERS and institutions have called for the reinforcement of flag state responsibility on the first day of French presidency in the EU.

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JULY 1, 2008
EC issues liner guidelines THE European Commission has adopted guidelines on how competition rules will affect liner operators when an exemption for liner conferences ends in October Damaged Syros leaves the Plate THE damaged bulk carrier Syros has left Montevideo for repairs in Brazil, highlighting the lack of Panamax-capable drydocking south of the Plate Panama flag offers new incentives PANAMA'S National Assembly has approved a new merchant shipping law that will offer incentives for new entrants and loyalty to the flag Hapag customers oppose takeover GLOBAL freight forwarders have voiced concerns over a takeover of Hapag Lloyd by another container line Sanctions stall Iran salvage ops SANCTIONS imposed on Iran are impeding the removal of wrecks from the Khormusa waterway that leads to Imam Khomeini Port Oz opens up wheat marketing AUSTRALIA'S new bulk wheat export marketing system takes effect today, ending 60 years of single-desk sales Oil to remain in tight supply FURTHER tightness in the oil market is forecast over the medium term to 2013, says the International Energy Agency

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JULY 1, 2008
West Coast longshore labor talks facing deadline today Matson averts strike EU adopts guidelines for liner data-sharing Safmarine starts Asia-West Africa breakbulk service NAFTA surface mark Japan-U.S. trade gap narrows Expeditors leases LA DC RoadLink acquires AFS Summit Logistics, Log-Net renew SC partnership DHL expands Envirotainer certification in N. America, Europe

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JULY 1, 2008
FEFC hikes BAF rates for August Container owners launch dry container standard APM Terminals' Lagos renovation receives Presidential approval Ex Santos executives investigated New Amsterdam barge link boosts Rhine connections

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JULY 1, 2008
Brazil yard plan State governor and Eisa Shipyard sign memorandum of understanding to build a new facility in northwest Brazil. Pirates attack A tug and barge are attacked in the off Malaysia's Pulau Tioman island. Beyond tankers Renamed DHT's strategy is to buy or charter-in ships that could include "vessels other than tankers". A handy partner Bocimar enters handysize sector with a joint venture with Conti 7. Pasha costs club Provincial government says it will get $1.8m for the salvage of the Pasha Bulker off Newcastle. NAT too bad Analyst hikes forecast for Herbjorn Hansson-led Nordic American Tanker Shipping on strong suezmax rates, but 2009 is not looking as good. Sea stuck ferries Ingested plastic debris grounds Seatruck's ro-ro Moondance, while Briese faces repair bill for Antari grounding. Tanker promise US vows to keep Persian Gulf open to shipping if Iran tries to impose controls in vital crude-exporting region. ISC banks $15m Niels M Johnsen-led owner bags a $15m gain from the sale of a panamax bulker owned jointly with Greece's DryLog. EC guides lines Minor changes to final European anti-cartel guidance gives a little lift for bulk pools and container carriers. Seatrade signs Reefer owner firms up two more options at Kithanion to bring total orderbook in Japan to eight. SCI sets SAIL State shipowner's bulker tie-up with Indian steel producer designed to ensure tonnage supply. If the cap fits Putting a cap on ship's emissions is given a literal interpretation with a capture-and-clean system. Don't do it! Philippines government urged not to nationalise Sulpicio Lines after Princess of the Stars tragedy. Owners needed Hong Kong may favour shipowners over port operators to run new terminal. Global sells Malaysian owner eyes newbuildings as it offloads 1991-built tanker to Nigeria. Sinking feeling Fiji's Lau islanders face transport problem after inter-island ferry goes down at shipyard. Probably stupid Boozy Swedish pensioner nods off trying to row home from Denmark in stolen dinghy. SembCorp busy Order for platform from Maersk Oil & Gas follows drilling rig order at Singapore yard. Privalov returns Former Sovcomflot man involved in bribery case has been extradited to Russia from Switzerland. CMB fine upheld Belgian shipowner fails to overturn $5.3m penalty for participation in anti-competitive liner conference. Larsen goes fourth SembCorp Marine picks up fourth order for semi-sub drilling rig from Larsen Oil & Gas. NOR ties up DSV Singapore-based offshore vessel operator wins 4 years of work for newbuilding. Zim in clear Israel's ownership of Spain's Tarragona terminal with DP World approved by Europe. Vinashin revs up Vietnamese state yard group will buy or build six ferries for new North-South coastal operation. Wenchong wanted Guangzhou Shipyard International has confirmed its interest in shipbuilding neighbour. Grisly cargo Sulpicio ship carries 99 bodies from sister vessel Princess of the Stars to Cebu. Two more for STX South Korean yard hands early delivery slot for product tanker pair to mystery compatriot owner. Solstad takes a hit Norwegian offshore operator faces $73m loss after heavylift project files for bankruptcy. Alam adds AHTS Malaysian offshore supply company orders another newbuilding to its backlog.

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JULY 1, 2008
EC issue rules on shipping conferences, shipping pools Rickmers-Linie adds four vessels to 2010-2011 order FEFC carriers adjusting BAF, CAF for August Maersk to buy out Turkish agency Evergreen selects Central/South America, Caribbean agents U.S., EU join on air safety Deutsche Post regains 1 billion euros after court overturns EC decision Airbus selects Kuehne + Nagel, DHL as "Tier 1" partners After loss, Rand bullish on coming year Glaser appointed president of Arnold Transportation Services Report: Global contract logistics industry bucks downturn, for now U.S., Jordan mutually recognize trade security programs TDG agrees takeover deal with Laxey Partners CaroTrans names executives Wall becomes Commerce assistant secretary for export administration Global Insight makes trade, transportation staff changes SDDC change of command Laufer Group acquires Trans-World Shipping APM Terminal in Lagos commissioned Jacksonville port promotes Lee

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JULY 1, 2008
Singapore bunkers to reach $800? Industry poll asking how high prices will go. IEA: New standards for bunkers will challenge refiners Refinery upgrades are pushed back as costs rise. 'Clean Shipping Index' sulphur criteria adjusted Project accepts that ships would have problems achieving original target. Trafigura 'building its Asian storage capacity' Fuel oil trader finds market conditions 'favourable', says it has not 'sustained significant losses'. Global bunker market report Future of residual bunker fuel hangs on abatement technologies New study lists 100 technologies under development to reduce emissions and improve fuel efficiency. New oil risk manager in Middelfart Rotterdam barges tight for prompt Singapore prices firming Bunker prices in Busan and Tokyo also climbing. Senior trader joins Bominflot Bunker Oil Rudy Stoett to be responsible for development of US Gulf Coast operations. Dan-Bunkering welcomes new sales staff Busan bunker prices seen topping $800 this month Prices in the South Korean port hit record highs in seven straight sessions. Demand driving oil rally, Goldman says High prices not due to speculation, says world's biggest securities firm. Moody's downgrades Titan Says restructuring may hurt financial and liquidity profiles.