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Shipping News

Fleet's 'no contest' plea over oil spill denied
Noble Group Ltd's shipping unit, charged with falsifying documents to cover up its role in an oil spill in San Francisco Bay, lost its bid to resolve the criminal case by entering a plea that neither admits or denies guilt.
Newcastle coal exports surge 25%
Coal exports from Australia's Newcastle port surged 25 per cent from the previous week, port data showed yesterday, a sign of robust regional demand despite weaker index prices.
Dongkuk Steel to raise ship plate price
Dongkuk Steel Mill Co, South Korea's third-largest steelmaker, said it will raise prices of plates used by local shipbuilders by as much as 12 per cent to cope with higher raw-material costs.
Aker yards in ship cost dispute in France
US nuclear carrier set for uneasy welcome in Japan
China Int'l Marine buys 60% stake in TGE Gas

Strait Talk

Time to batten down the hatches
MANY of those in the shipping industry old enough to remember the downturn after the oil shocks of the 1970s will also probably remember physically battening old wooden hatch covers. Before making an ocean passage, or when rough weather threatened, crews of old-fashioned dry cargo ships went through a familiar ritual, which was actually a highly effective system of ensuring that the hatch covers stood up to the worst the sea could offer.

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Shipping News

Fleet's 'no contest' plea over oil spill denied
Noble Group Ltd's shipping unit, charged with falsifying documents to cover up its role in an oil spill in San Francisco Bay, lost its bid to resolve the criminal case by entering a plea that neither admits or denies guilt.
Newcastle coal exports surge 25%
Coal exports from Australia's Newcastle port surged 25 per cent from the previous week, port data showed yesterday, a sign of robust regional demand despite weaker index prices.
Dongkuk Steel to raise ship plate price
Dongkuk Steel Mill Co, South Korea's third-largest steelmaker, said it will raise prices of plates used by local shipbuilders by as much as 12 per cent to cope with higher raw-material costs.
Aker yards in ship cost dispute in France
US nuclear carrier set for uneasy welcome in Japan
China Int'l Marine buys 60% stake in TGE Gas

Strait Talk

Time to batten down the hatches
MANY of those in the shipping industry old enough to remember the downturn after the oil shocks of the 1970s will also probably remember physically battening old wooden hatch covers. Before making an ocean passage, or when rough weather threatened, crews of old-fashioned dry cargo ships went through a familiar ritual, which was actually a highly effective system of ensuring that the hatch covers stood up to the worst the sea could offer.

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Only 50:50 chance TUI will sell Hapag-Lloyd: Ron Widdows 2008 GSF calls for Asia to apply antitrust laws to liner shipping Dimerco achieves Class A customs classification status Changzhou heavy port machinery plant starts construction Jiaxing's January-July volume tops last year's total St Petersburg Seaport makes US$7.8 million upgrade in 2008 Truckers furious over Hull Container Terminal's 'fiver fee' IDB to provide financing for Panama Canal expansion project BBC cameras to track box for a year to explain container shipping Singapore, Japan extend air agreements and services WFS clinches Baltimore cargo handling contracts Halifax airport accents seafood with new cargo facility

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Orient Ship Agency runs dozen dedicated NSCSA rakes from N. India to Mumbai Port in 10 months Move to revive inland waterway & coastal shipping plan to decongest city N-E region as hub for trade with S-E Asia mooted at Summit Port workers hold rallies for early bonus VPT bags National Safety Award Mir Projects to prepare DPR on facilities needed at Mormugao Port PD Ports offers range of supply chain solutions DP World commemorates seven years of service excellence Japanese team sizes up investment opportunities in Tuticorin Port ECB limit for infrastructure cos raised to $ 500 m

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Bagus Prasetyo wins Fiata's young international freight forwarder award Lufthansa increases Buenos Aires frequencies DHL: business slowing in China Fiata World Congress: day 3

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SEPTEMBER 23, 2008
Somali pirates threaten to kill Europeans US goes ahead with Class B AIS US government vessel spills diesel Arcade in boxship deal EU takes Estonia and UK to court over security Safmarine orders in China

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SEPTEMBER 23, 2008
Davie Yards gets another price rise Congress set to let offshore drilling ban die Russia to contribute ships to antipiracy efforts Noble orders newbuild drillship

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SEPTEMBER 23, 2008
Russia sends naval vessels to Somali waters SHIPS dispatched following demands from maritime organisations to tackle piracy in the Gulf of Aden. Owners urge tougher EU action against kidnappings König & Cie urges ship finance rethink KG HOUSE says new sources of ship financing must be found if the industry is to pull through the current financial turmoil.

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SEPTEMBER 23, 2008
Dry bulk fundamentals 'at risk' DAHLMAN Rose has warned that dry bulk fundamentals could be affected by the financial crisis and the worsening outlook in the industrial sector Ship ablaze on Miami River A Caribbean general cargo ship caught fire Tuesday morning on the Miami River, prompting the US Coast Guard to restrict the waterway's vessel traffic Russian boxes could focus on Ust-Luga A NEW report on the future of Russian container logistics forecasts that Ust-Luga could become a major container hub BSC gets restructure go-ahead STATE-OWNED Bangladesh Shipping Corporation has been given the go-ahead to change its ownership, management and operational structure Aboitiz pulls out of shipping ABOITIZ Transport System Corp, the Philippines' shipowner and operator, is to pull out from shipping

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SEPTEMBER 23, 2008
10+2 filing rule "days or weeks" away Implementation of long-anticipated import filing rule, now under review by White House, just days or weeks away, deputy Customs chief tells brokers. Customs: No to all-scan MSC moves Houston staff to NJ after Hurricane Ike Navy says shipping should help in fight against pirates ACE funding shortfall Ship fire closes Miami River NYK launches global NVOCC service More Zim Asia-Europe slots Crowley gets 760 boxes Outlook up for Union Pacific Maersk sets congestion surcharge for Jebel Ali

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SEPTEMBER 23, 2008
Zim axes Asia - Europe service NOL will not face government veto to Hapag-Lloyd bid Oil price spikes and shares slide on bail-out uncertainty Jebel Ali gets boost from tandem-lift cranes NYK launches NVOCC

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SEPTEMBER 23, 2008
Fighting back Dirk Lindenau talks to TradeWinds WebTV about his turbulent week. Play your part Jaakko Eskola calls on IMO and the EU to step in as trade of counterfeit ship parts reaches dangerous levels. We're number one China will wait 20 years to take Korea's crown as the world's largest shipbuilder, Seok-Joo Chung says. All about '09 Vinashin chief Pham Thanh Binh says the Vietnamese government is on top of the economic downturn and its yards will come back strong next year. Aboitiz sails away Top Filipino shipping group to quit troubled inter-island ferry trade. Dry downgrade US-listed bulker owners take a pounding in Dahlman Rose analyst's latest dry-bulk reality check. Mystic blaze USCG closes Miami River as cargoship goes up in smoke. Stock shocker Bulker owners have a nightmare on Wall Street and elsewhere after frightening assessment of the market. NAVs all at sea Slumping freight rates and global credit crisis to force net asset values of dry-bulk owners down, analyst says. Manila pay packet US slips 12 Filipino whistleblowers $900,000 for keeping coastguard posted on two OWS cases. Unable seaman Drunk master and a chief officer trying to do too much on his own ended in cargoship Rosethorn grounding, Denmark finds. DK goes green Dutch ship technology company signs up for Maersk's Green Ship of the Future project. Short sea tragedy Competitive pressure may have led to shipment of hazardous cargo on unsuitable vessel and death of two seafarers. Davie lifeline Cash-strapped Canadian yard agrees $40m price increase for three offshore construction ships ordered by Cecon. Capital for Braila STX's Romanian yard goes to market for second time in a year to raise funds through new share issue. STX double Korean yard adds two more products carriers to its orderbook in deal with European owner. Terminal velocity APM Terminal's new facility in north-eastern Bahrain set to open as soon as the fourth quarter. BSC to change Bangladesh's national shipowner to become a plc and get a (slightly) new name in restructuring move. Busan plea denied US judge dismisses no-contest plea from Fleet Management in Cosco Busan spill case. Costs clash STX's Aker Yards and NCL in a dispute about the cost of a cruiseship newbuilding in France. Stena boost UK flag at highest level in "recent history" as vessels like Swedish owner's drillship Stena Carron continue to sign up. BSL bigger Estonian ferry player chartering Rederi Gotland ro-ro for run to Finland. Sell into strength Goldman Sachs says winter rebound in BDI might be the time to offload bulker stocks. Growth slows Singapore liner operator NOL sees year-on-year growth in container volumes being to ease. Skov steps in Torm left red faced after having to name interim CEO due to Meldgaard contract mix-up.

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SEPTEMBER 23, 2008
Zim culling Asia/Europe service Naval coalition "cannot guarantee safety" in Gulf of Aden Firm will focus on container feeder ships TORM names Skov as interim CEO Germanischer Lloyd to classify 13,100-TEU Korean-built ships Airbus hopes to hit 850 orders in '08, A380 targets won't be met BIS extends export denial for Balli, 2 airlines over Iran shipments SAS Cargo consolidates sales activities in northern Germany Union Pacific upgrades 3rd quarter outlook DOT approves border-crossing projects U.S. eyes transpacific free trade deal with four nations Two companies start operations in Busan logistics zone Spokesman: McCain cargo security policies mirror DHS strategy Big ships test waters at Middle East ports Port of Tampa welcomes largest box ship South Carolina ports take steps to reduce pollution

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SEPTEMBER 23, 2008
Ten prisoners on Absalon in legal doldrums The ten prisoners on board the frigate Absalon, working in the Gulf of Aden, seem to be a huge legal problem for the state of Denmark. The question of what do with the prisoners was raised after they were detained ... European owners demand more muscles against pirates European Community Shipowners' Association urges Europe to show more muscles against the pirates in the Gulf of Aden and off Somalia. The shipowners want more naval vessels, also armed with appropriate authorisation for direct action against the pirates. The call ... Lindenau filed for insolvency Lindenau Werft has been hit by the financial crisis and has filed for insolvency. The company has an order book worth EUR 225 million and is said to not have any debt. The reason for the move is that it ...

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SEPTEMBER 23, 2008
Bunker credit squeeze means 'more transparency' Ship owners who work 'professionally and openly' could find it easier to secure credit. Fuel oil spill in Busan harbour Five ships involved in clean up. Asian bunker prices still firming But Singapore sees rise of 'only' $12 pmt. Crude oil markets showing signs of softening. More pressure to reform India's bunker sector Indian shipping official to press for tax exemption for bunkers Rotterdam market firm in line with crude New backer for 'Green Ship of the Future' project Developers of Air Cavity System technology say project gives shipping a chance to limit climate change Adani launches first bunker tanker Second double-hulled tanker expected to follow suit in a few months time. ExxonMobil offers early-October cargo Fuel oil parcel scheduled for lifting from Yanbu refinery. Bunkering suspended as typhoon approaches Hong Kong braces for typhoon Hagupit. Singapore bunker players 'unhappy' with allegations Long-standing dispute between Singapore suppliers and DNVPS surveyors remains deeply entrenched.