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BDP plans global group of smaller logistics firms
BDP International is banding together small and medium-size logistics and transport companies in a new global alliance to challenge the dominance of large multinational groups in the business.
Nippon Yusen expects 13% profit gain
Nippon Yusen KK, Japan's largest shipping line by sales, forecasts pretax profit will increase by about 13 per cent next fiscal year as it earns more from container shipments and narrows losses at its air-cargo business.
Two fishermen missing in Japan warship collision
A naval destroyer equipped with sophisticated radar key to Japan's missile defence system collided with a fishing boat yesterday, the coast guard said, raising questions about the ship's monitoring of other ocean traffic.
Asian tanker rates may end 5 weeks of declines
Hyundai, Daewoo eye UK ship order

Strait Talk

Changing risk profile for LNG shipping
IT is not just badly-run companies that have accidents. Some of the best blue-chip ones sometimes get unlucky. The difference is in the way things are handled when they do go wrong.

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Shipping News

BDP plans global group of smaller logistics firms
BDP International is banding together small and medium-size logistics and transport companies in a new global alliance to challenge the dominance of large multinational groups in the business.
Nippon Yusen expects 13% profit gain
Nippon Yusen KK, Japan's largest shipping line by sales, forecasts pretax profit will increase by about 13 per cent next fiscal year as it earns more from container shipments and narrows losses at its air-cargo business.
Two fishermen missing in Japan warship collision
A naval destroyer equipped with sophisticated radar key to Japan's missile defence system collided with a fishing boat yesterday, the coast guard said, raising questions about the ship's monitoring of other ocean traffic.
Asian tanker rates may end 5 weeks of declines
Hyundai, Daewoo eye UK ship order

Strait Talk

Changing risk profile for LNG shipping
IT is not just badly-run companies that have accidents. Some of the best blue-chip ones sometimes get unlucky. The difference is in the way things are handled when they do go wrong.

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Hapag-Lloyd, Hamburg Sud revamp Epic as CMA CGM exits China to build Nanjing-Hangzhou Railway Tianjin to invest US$195 million in suburban logistics parks Mexicans expect Puerto Colonet will divert cargo from LA-Long Beach DHL fights back with expansion in Canada and Sweden Aramex sees 2007 profits climb 28pc to US$33 million Sri Lanka gives go ahead to Colombo's US$19.4 million harbour enhancement scheme China Southern air cargo business revenue up 41.6pc in January Zhengzhou airport acquires licence to import fruit Qantas praises US-Australia open skies deal

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Rickmers-Linie beefing up capacity on RTW Pearl String Service Safmarine names 1st of 9 new vessels for 2008 Indo-US SME summit begins in Chicago today Hot stuff! Spices Board participating in Biofach 2008 20 pc drop in onion exports Permanent Indian Trade & Exhibition Centre at Sharjah soon Maize'not just chicken feed for India! Uncleared cargo ownership question may be referred to larger SC bench Gandhidham Chamber firm on indefinite strike at Kandla Port from March 3 Global tenders floated to acquire gamma ray box scanners PHCT holds Chennai trade meet, spells out state-of-art facilities available Shreeji Transport Services makes light work of 13-tonne ODC cargo Valuation norms for used machinery import Nuances of creative capitalism explained at top Global Business Leaders Forum

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FEBRUARY 19, 2008
Schenker AG to get new CFO "K" Line Joins Central China/Red Sea Service (CRS) Korean Air to resume Seoul-St Petersburg service UK's Parceline becomes DPD

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FEBRUARY 19, 2008
"Robust" renewal for Strike Club Rickmers boosts RTW service LR trust's North American awards Hamburg Süd, Aliança and Costa Container Liners get together New S America-Med services

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FEBRUARY 19, 2008
Desgagnés acquires newbuild in Turkey Eastern Shipbuilding launches ATB tug ACL names new CEO

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FEBRUARY 19, 2008
CSIC unit is first Chinese yard to bag Odfjell deal CHUAN Dong Shipyard will build six 9,000 dwt chemical tankers for the Norwegian company for $180m. Odfjell looks at refloat options for Bow Star Accounting dispute over ship orders FEARS grow that book-keeping rule will bring market instability into shipping firms' accounts. Japan yards call for steel price freeze STRUGGLING Japanese yards seek to delay introduction of higher steel prices amid Chinese competition. Throwing a lifeline to ship safety TEN years on from the initial roll-out of the ISM code, the optimists insist that its message is finally hitting home. Making ports damage proof PERHAPS we are at a stage when ports and terminals ought to be allocated a 'vulnerability index number'.

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FEBRUARY 19, 2008
NYK expects revenue increase HIGHER revenues from container shipments for the next fiscal year are being forecast by the Japanese shipping group NYK, according to Bloomberg Payne-less transformation for ASA AUSTRALIAN Shipowners Association chief exec Lachlan Payne will leave the organisation in July after over 21 years, with the director of maritime operations taking over EU keen for Gdansk integration EU negotiators are showing much flexibility in their negotiations with Gdansk shipyard, according to reports in the FT New Flame sparks Spanish outrage SPAIN'S regional council of Andalucia has lodged an official complaint against Britain to the European Commission over the handling of the New Flame shipwreck Bono hits out at shipyard subsidies Precious delivers safety warning Three dead in car-carrier fire ICC warns of global decline Seaspan boasts financing ease Shipping upside as Fidel steps down ExxonMobil takes on Gazprom Fuel surcharge probe deepens Pan United doubles profits India to set up own P&I club

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FEBRUARY 19, 2008
Sinotrans pulls out of US The carrier's North American agency is closing its office after Sinotrans said it was suspending its trans-Pacific service. NVOs can't use unlicensed agents, FMC rules Maritime Hall of Fame to induct six industry leaders Seaway freezes tolls Maersk reflags ro-ro ships for U.S. military cargo Hapag-Lloyd, Hamburg Süd to restructure Europe-India service Appel replaces Zumwinkel as Deutsche Post CEO KCS to spend $565 million on upgrades Fidel's resignation won't spur U.S.-Cuba trade -- yet Three carriers combine Latin American services Rickmers' profit exceeds expectations

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FEBRUARY 19, 2008
FEFC eastbound trade grows by 4.75% in 2007 Qingdao's container throughput hits record high for January Santos Brasil on the up Hamburg Süd blends Costa into own service Deutsche Post appoints new ceo and agrees extension of cfo's contract

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FEBRUARY 19, 2008
Do pilots need laptops? A US congresswoman is proposing to require pilots to have navigational laptops in response to the Cosco Busan spill. Limerick limit looms There is just a week left to go before readers will be invited to choose TradeWinds limerick laureate. Breaking the ice A US Coast Guard ice breaking tug carves a path in the Great Lakes, where ice sticks around even after the shipping season starts up again next month. Catalunya Spirit cleared LNG carrier that lost power off Massachusetts is cleared from detention after repairs are deemed successful, but it will not head to Boston. Chinese to convert tanker Handysize tanker goes to Chinese buyers for $4.6m for conversion purposes. $13m for Woody Heart Unnamed buyers pick up an 8,750-dwt general cargoship, while Latvians buy the Forseti. Barge owner dropped Cantor Fitzgerald analyst criticises American Commercial Lines for instability and a 'lack of long-term visibility'. Top takes another spin Top Ships schedules a March shareholders meeting to take a second whack at a reverse stock split. Steel deal positive A deal between Asian steelmakers and Vale could be a positive sign for the dry-bulk sector. Trico profits boom US offshore player sees its profits more than double in fourth-quarter as the company sees international activity soar and Norwegian tax benefits. Waxholms orders double Swedish owner spending nearly $23m on two ice-class ferries at Finnish yard. Maersk suspends crew notices Danish giant puts redundancies among stewards and ratings on hold ahead of labour court ruling. Concordia bigger and better Swedish tanker owner pushes up 2007 revenue and profit despite weaker markets. Seaspan beats estimates US-listed containership owner posts $20m in losses as unrealised losses pile up, but its adjusted results beat expectations. Odfjell heads to China Norwegian owner signs for up to 10 small stainless steel chemical tankers at Chuan Dong. STX to form broking arm Korean bulker owner to provide ship finance and derivatives service with KRW 300bn investment. Shiprepair yard delayed South African group worried it could lose Chinese investors for Richards Bay project as it tries to secure land. TBS admits Athinoula buy US owner confirms move for Greek handymax, four days after denying deal. Crisis? What crisis? German shipping bank makes light of credit crunch with strong 2007 profit and lending figures. Vyborg adds two more Russian owner buys ships two and three as part of plan to run 30-vessel general cargo fleet. STX clinches coal deal Korean bulker owner to carry 22.5m tons for Korea Southern Power with one ship over 15 years. JSW unveils big plans Indian steel group in talks with foreign yard as part of scheme to found domestic shipyards and ports. Eitzen takes a punt Camillo Eitzen chief adds to his majority shareholding as profit soars. HSL to build shipyard Malaysian engineering group's Paul Yu Chee Hoe planning offshore vessel facility in Sarawak. New broom for ACL Incoming CEO Michael Ryan must turn around US barge and shipyard player after fall in 2007 profit. Pipavav could make engine move Indian shipyard in talks with Wartsila and Man Diesel over partnership to make ship engines.

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FEBRUARY 19, 2008
FEFC eastbound volume up 4.8% in 2007 despite 4th quarter dip Seaspan profits down after interest rate swap agreements CMA CGM to continue EPIC journey alone Rickmers-Linie increases frequency of its Pearl String Safmarine names first new ship of 2008 Korean Air expands A380 order to eight Jet Airways selects Rutges Cargo for Brussels road contract Work starts on DB Schenker logistics center at Dallas-Fort Worth Defer to Congress on "first sale," COAC tells Customs Toy industry rolls out testing program Deutsche Post accepts Zumwinkel's resignation, appoints Appel as CEO OECD secretary-general: German tax evasion highlights broader challenge USDA orders largest beef recall ever DVB Bank's unaudited profit up 21.3% in 2007 Sentinel Group lands port director McAleenan Los Angeles port sticks to employee-only truck plan

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FEBRUARY 19, 2008
Union drags Maersk to labour court The unions 3F and Søfart Metal representing deck ratings have taken a step toward dragging A. P. Møller-Mærsk to the Danish labour court for violation of their mutual agreement. The union claim that the notice given to 76 deck ...

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FEBRUARY 19, 2008
Argus to launch Singapore Fuel Oil Bulletin Board Aims to increase transparency in Asian markets by offering alternative price index. Glander welcomes two new staff Shipping already 'set to lower emissions' UK shipping spokesman defends industry's record; says figures for global bunker consumption are never likely to be precise. China triples fuel oil tax Analysts say Chinese fuel oil demand could falter, threatening Singapore with fuel oil glut. Bunkers removed from 'vulnerable tanks' Stranded UK vessel remains in a 'precarious position'. IBIA chairman warns against 'knee jerk' reactions Bunker industry association wants more debate before any 'final decision' is taken on how to reduce harmful emissions. Rotterdam market quiet at midday Nippon Oil to maintain bunker volume for March Plans to reduce its March crude throughput will not affect bunker supply. Bunker tankers seized Authorities in the Philippines impound four tankers allegedly involved in theft and illegal bunkering. TSA keeps bunker surcharge formula unchanged Alliance wants 'a full, floating bunker surcharge under the existing formula.'