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Shipping News

Space supply squeeze hits US exporters
At a time when the struggling US economy needs the biggest boost it can get from booming exports, companies and agricultural producers with American goods bound for overseas can't find enough empty containers and have to wait weeks to get space on ships headed to Asia.
Scholarships launched in a visionary's name
In recognition of the need to help less privileged Singaporeans upgrade themselves and the visionary spirit of the late Howe Yoon Chong, PSA International has launched a $15 million endowment fund with contributions from PSA and Temasek Holdings.

Strait Talk

Big issues to confront at salvage convention
SINGAPORE seems to be having a good year for shipping conferences. The most recent, the TradeWinds 2008 Marine Risk Forum last week, attracted some big-name speakers and considerable media interest.

web site

Shipping News

Space supply squeeze hits US exporters
At a time when the struggling US economy needs the biggest boost it can get from booming exports, companies and agricultural producers with American goods bound for overseas can't find enough empty containers and have to wait weeks to get space on ships headed to Asia.
Scholarships launched in a visionary's name
In recognition of the need to help less privileged Singaporeans upgrade themselves and the visionary spirit of the late Howe Yoon Chong, PSA International has launched a $15 million endowment fund with contributions from PSA and Temasek Holdings.

Strait Talk

Big issues to confront at salvage convention
SINGAPORE seems to be having a good year for shipping conferences. The most recent, the TradeWinds 2008 Marine Risk Forum last week, attracted some big-name speakers and considerable media interest.

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Marseilles-Fos port sees first quarter throughput rise 12pc with boxes leading with 15pc growth Guangzhou warehouse demand mainly from 3PL providers this year: DTZ China Railway first quarter profit soars 150pc WSC chief Koch takes leave to help old boss McCain until November Darwin-based Perkins Shipping opens shop in Singapore TNT introduces new brand in Brazil: TNT Mercurio Qantas accused of shabby treatment toward price fixing executive Regional airports tipped to rise with demand for more destination choice Unisys to supply biometrics ID cards to Canadian airports

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Hanjin Shipping expands Med coverage INSA to seek reasons for curtailing classification societies Clean fuel will double shipping costs-WSC Box shortage forces US exporters to turn to airfreight! Credit crunch rocks shipbuilding industry OEL doubles capacity on Mict-Jebel Ali service Mercator Lines to spend Rs 4,000 cr. to augment fleet DSO invites investments from Gujarat's SMEs KS-E Rly hauls 39 pc more revenue in April Cargo handling facilities at new airports to be made mandatory Industrial production plunges in March to 6-yr low Revenue Department notifies export duty on steel products Chambers' panacea for hauling up growth Govt official paints rosy picture of IT sector's growth & exports Pharma EPC asks for wider range of Focus Market scheme States seek legal power to slap VAT on imports 3 more export-related services to get tax refunds $=Rs 42.05! Sitting on wheat bumper harvests, Pawar rules out imports for now Yen for infrastructure

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MAY 13, 2008
GAC names new general manager to head logistics in Dubai Etihad Crystal Cargo commences Karachi flights New direct Swiss service to Shanghai Tarabot bags Saudi land-bridge project DHL inaugurates Panamanian hub

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MAY 13, 2008
Schulte slams ITF inspector Bocimar sells, and orders ELAA urges update of EU consortia laws Attempted pirate attack in Malacca Strait

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MAY 13, 2008
Liftboat salvage starts $5.8 million Navy award to BAE Ship Repair Norfolk Technip wins subsea mining contract

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MAY 13, 2008
Threat of dry bulk doomsday scenario is real EXPERT says decreasing exports out of China would reduce demand for dry bulk imports. Chinese steel and cement stems prompt Pacific upturn Shipping Partners explores sale option COMPANY at risk of defaulting on loan covenants unless market conditions improve dramatically.

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MAY 13, 2008
MOL to add 53 ore carriers MITSUI OSK Lines announced today that it will take delivery of 53 dedicated ore carriers between now and the end of 2014. Oz fines SYMS garbage ship UNLAWFUL disposal of garbage into Port Phillip Bay has earned the owners and master of a Chinese containership fines of over A$42,000 ($39,600) in the first such prosecution by Victoria's Environment Protection Authority (EPA) US coastwise trade plummets THE Jones Act spot tanker market is being heavily impacted by historically high crude prices, according to US Shipping Partners chief executive Paul Gridley Vessel operator fined over bunkering spill A February 2007 bunkering spill from a visiting bulker has earned the vessel's operator a $27,500 fine from the Washington State Department of Ecology Iran, Azerbijan in maritime agreement IRAN and Azerbaijan have agreed to cooperate on shipping trade matters in the Caspian region Chavez links up with Iran A NEW liner service is due to start on 16 May connecting Iran with Cuba and Venezuela.

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MAY 13, 2008
NY Container Terminal easing truck jam New York Container Terminal taking steps to ease truck congestion after exports surge by 85 percent in recent months. Crew, officer shortages threaten global trade: Drewry Maersk names new box ship May Doha deal still possible Seattle box volume off ELAA supports new EU block exemption for carriers APL adds Vietnam feeder Lufthansa's U.S. air cargo improves by 30% Australia pact for CII, UPS Seattle port signs rail corridor deal with BNSF Open investment urged ahead of U.S.-EU air talks

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MAY 13, 2008
American Commercial meets the challenge with Q1 profit Contrasting outcomes for Aus, NZ wine exports Beijing Shanghai high-speed railway to free up capacity IRISL starting Med ' Cuba ' Venezuela box link Now, Toll buys in NZ

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MAY 13, 2008
Offshore tenders seek 146 Brazil's Petrobras unveils a huge offshore vessel program worth $50bn. Snohvit shuts down StatoilHyrdro starts the shutdown of its Barents Sea LNG export facility. Venezuela to order at Viana Venezuelan interests in talks to book vessels from Portugal's Viana do Castelo Shipyard, including for PDVSA. Ocean Heavylift settles Force majeure claim on the Ancora will drop the price of the ship by $17m. Green goes red Oslo-listed reefer owner blames disappointing first quarter on rising costs and labouring spot market. Aries Maritime pays up US-listed containership and products tanker owner returns to paying dividends after a one-quarter suspension. Putin puts the boot in New Russian PM hits out at delayed creation of United Shipbuilding Corp and says domestic yards need to be more competitive. Coscon firms foursome Quartet of 4,250-teu options firmed at Jiangsu New Yangzi brings Cosco Container Lines' tally to 20. Three spree Paragon Shipping fixes panamax for three years and confirms charters for same period for two other units. Japan detains 20 Two general cargoships held in April with faults relating to oil filtering equipment. Ferries grounded by truckers Strike over haulage rates leaves at least five vessels stuck at Piraeus on Tuesday. USSP for sale? Jones Act owner to "explore strategic alternatives" as market slumps while it raises loan default fears. Death of an industry? Polish yard workers bring coffin to prime minister's office to beg for help, as Gdynia buyer reportedly pulls out. Petrojarl returns to red Oslo-listed FPSO owner's first quarter figures hit by reduced production and the slack US dollar. USSP swings to loss US-listed tanker and tank-barge owner suffers tough first quarter, but hopes new deliveries will boost fortunes. Good year for Varun Indian tanker and gas carrier owner's annual profit almost doubles as revenues soar. Mipo scoops mystery sextet Hyundai Heavy Industries unit grabs $308m chemical tanker order from Europe. MOL plots ore carrier frenzy Japanese owner will grow its dry-cargo fleet by nearly a third over the next six years with 53 new bulkers set to hit the water. Hanjin confirms VLCC pair Order for 320,000-dwt pair at Hyundai Heavy reported in TradeWinds confirmed by Korean owner. PUC toasts stellar start Singapore group's first quarter profit rises sharply as tugs and barges earn more. Naikai Zosen soars Japanese yard smashes last year's result as strong second half sees profit more than double. Bocimar orders dry quartet Belgian owner's $154m gain from selling three ships to Genco to be reinvested in Chinese capesize and post-panamax tonnage. OSM fined over bunker spill Norwegian manager's Singapore operation has paid $27,500 after bulker leaked fuel oil in Seattle last year. Forex pain for Rieber Weak dollar and pound hurt charter revenues at Rieber Shipping in first quarter but profit up. TBS sells to buy US tweendecker specialist offers up to 3.4m shares worth $179.5m to boost fleet. 100 orders and counting... Sophocles Zoullas puts a figure on the number of bulker newbuildings cancelled so far in 2008. Profits up at MISC Shipowner's results up 13% on better performance from offshore, yard and liner segments. ASL has all guns blazing Singapore-listed shipowner and yard group sees net profits jump by 32% in the third quarter.

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MAY 13, 2008
ELAA happy with European liner consortia review Hanjin posts $30 million 1st quarter loss Maersk yard delivers 7,000-TEU ship, group nears 2 million-TEU mark MOL plans to build 53 ore ships Maersk Line ending Med/Brazil loop CKYH Alliance to resume Asia/U.S. East Coast link CMB selling ships to Genco Investor boosts stake in Horizon Lines TBS plans secondary stock sale TACA holds bunker, currency adjustments steady General Maritime buying two Aframax tankers APL, Hanjin start joint Vietnam feeder Sperry Marine expands operations in China Scholarship renamed for Crowley executive Simpson Airbus delays A380 deliveries again ABX reports strong revenue growth UPS expands Arkansas facility Ex-Qantas executive takes plea deal in price-fixing scheme Alaska Air names new cargo VP Planners: S. Calif. needs $531 billion for transport systems CN announces new intermodal service BNSF Railway buys site at Dallas Logistics Hub Survey: More U.S. consumers to spend tax rebates on essentials USDA agency proposes minimum age to transport animals L.A. port releases details of access licensing scheme Leading Chinese container ports volume up 28% in March

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MAY 13, 2008
Big contract for TTS TTS Ships Equipment AB in Göteborg have secured a contract worth approximately EUR 50 million for delivery of cargo access equipment to the world's largest ro-ro vessels under construction at Mitsibishi Heavy Industries in Japan. Swedish Wallenius and Norwegian ... Norwegian delivery from Dockstavarvet Swedish yard Dockstavarvet AB has delivered one pilot boat for the Norwegian Coastal Administration (NCA) for the pilot station in Fedje outside Bergen. LOS 116 is the first boat in a series based on an existing hull design from NCA ... Alcohol caused the grounding of Wani Will The mate on duty on the coaster Wani Will was heavily intoxicated on the voyage on February 24, 2008, that ended just south of the breakwater at R'nne on Bornholm. The second officer on duty was tested by police shortly ...

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MAY 13, 2008
Rosneft steps up Russian bunkering operations Company reveals near-term sales targets in St. Petersburg and river market prior to international market entry. Bunker market report from Praxis Rotterdam bunker market remains firm Testing agency warns against 'listing' contaminants Residual bunker fuel contains 'thousands of different components', some of which could be harmful in certain conditions, says DNVPS. Singapore: April bunker sales up Sales at fresh record high. Indonesia mulls quitting OPEC 'temporarily' Country is no longer a net exporter of oil. Singapore shipowner fined for Seattle spill Songa Hua crew deemed negligent during bunker loading. Bunker costs may hurt Malaysian liner's results Expects container shipping markets to weaken further.