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Shipping News

Wilhelmsen opens logistics centre at West Coast
MARITIME products supplier Wilhelmsen Ships Service yesterday officially opened its new $5 million logistics and distribution centre near West Coast jetty, one of its largest regional distribution hubs.
China to face shipyard glut from 2011: govt official
China, the world's second- biggest shipbuilding nation, will face a capacity glut from 2011 after yards work through existing orders and shipping lines slow new orders, according to a government official.
Baltic index falls to two-week low
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to over a two-week low on Monday with slower cargo activity and weaker sentiment taking their toll.

Strait Talk

Stopping the Somali pirates
DEPRESSINGLY, unbelievably even given that we are living in the 21st Century, piracy remains the issue of the moment.

Shipping Times

MAN probe costs not as high as feared
MAN SE's costs tied to investigations into possible illegal payments at Europe's third-largest truckmaker will be 'significantly' less than 300 million euros (S$620 million), a member of the company's supervisory board said.
S Korea clamps down on leaders of rail strike
South Korean police on Monday began clamping down on leaders of a railway strike which has halted 70 per cent of freight train services and started taking a toll on industry.
Mahindra to roll out low-cost tractor
Mahindra & Mahindra Ltd, India's biggest farm-equipment maker, plans to introduce the nation's cheapest tractor to win sales among small farmers unable to afford current models.
No quick political fix for Canada's railway strike
SUEK coal rail ban to end, more delays seen
Goldman positive on European auto sector

web site

Shipping News

Wilhelmsen opens logistics centre at West Coast
MARITIME products supplier Wilhelmsen Ships Service yesterday officially opened its new $5 million logistics and distribution centre near West Coast jetty, one of its largest regional distribution hubs.
China to face shipyard glut from 2011: govt official
China, the world's second- biggest shipbuilding nation, will face a capacity glut from 2011 after yards work through existing orders and shipping lines slow new orders, according to a government official.
Baltic index falls to two-week low
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to over a two-week low on Monday with slower cargo activity and weaker sentiment taking their toll.

Strait Talk

Stopping the Somali pirates
DEPRESSINGLY, unbelievably even given that we are living in the 21st Century, piracy remains the issue of the moment.

Shipping Times

MAN probe costs not as high as feared
MAN SE's costs tied to investigations into possible illegal payments at Europe's third-largest truckmaker will be 'significantly' less than 300 million euros (S$620 million), a member of the company's supervisory board said.
S Korea clamps down on leaders of rail strike
South Korean police on Monday began clamping down on leaders of a railway strike which has halted 70 per cent of freight train services and started taking a toll on industry.
Mahindra to roll out low-cost tractor
Mahindra & Mahindra Ltd, India's biggest farm-equipment maker, plans to introduce the nation's cheapest tractor to win sales among small farmers unable to afford current models.
No quick political fix for Canada's railway strike
SUEK coal rail ban to end, more delays seen
Goldman positive on European auto sector

web site

Shipping News

Wilhelmsen opens logistics centre at West Coast
MARITIME products supplier Wilhelmsen Ships Service yesterday officially opened its new $5 million logistics and distribution centre near West Coast jetty, one of its largest regional distribution hubs.
China to face shipyard glut from 2011: govt official
China, the world's second- biggest shipbuilding nation, will face a capacity glut from 2011 after yards work through existing orders and shipping lines slow new orders, according to a government official.
Baltic index falls to two-week low
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to over a two-week low on Monday with slower cargo activity and weaker sentiment taking their toll.

Strait Talk

Stopping the Somali pirates
DEPRESSINGLY, unbelievably even given that we are living in the 21st Century, piracy remains the issue of the moment.

Shipping Times

MAN probe costs not as high as feared
MAN SE's costs tied to investigations into possible illegal payments at Europe's third-largest truckmaker will be 'significantly' less than 300 million euros (S$620 million), a member of the company's supervisory board said.
S Korea clamps down on leaders of rail strike
South Korean police on Monday began clamping down on leaders of a railway strike which has halted 70 per cent of freight train services and started taking a toll on industry.
Mahindra to roll out low-cost tractor
Mahindra & Mahindra Ltd, India's biggest farm-equipment maker, plans to introduce the nation's cheapest tractor to win sales among small farmers unable to afford current models.
No quick political fix for Canada's railway strike
SUEK coal rail ban to end, more delays seen
Goldman positive on European auto sector

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MISC profit falls to US$38 million as box losses hit US$95 million Rating agencies downgrade DP World as parent struggles Back-to-work legislation tabled to end Canadian rail strike Singapore's manufacturing output up 3.6pc in October UK Mail first half profit up 63pc on 50pc less tax Aarkstore publishes container shipping management handbook Zimbabwean MD-11 freighter crash at Shanghai Pudong kills 3 Shunfeng Airways receives air operator licence from CAAC FedEx offers 'Next Flight' money-back guarantee rush service Canada's Huntingdon REIT, IAT Air Cargo change terms of merger

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European textile machinery makers see India emerging as major market again Services exports to US may touch $ 150 bn by 2015-CII study Antwerp Port Authority keen to play larger proactive role as ex-im gateway for India KoPT terminates land lease pact with Navy Revised proposals to develop Vizhinjam port basics approved Surveillance cameras installed at VCT New 1-day MoP handling record set at Kandla Port Port wage talks to enter final round next week Roadwings Int'l bags CONCOR's prestigious order for 27 reach stackers/cranes Stone laid for auto hub Dubai crisis impacted the stock market 3 large SEZ developers head for exit route GDP growth at 7.9 pc springs pleasant surprise in Q2 Food processing industry hit by high tax regime Core sector grows by heartening 3.5 pc in Oct. Economists now more optimistic of India's growth story No magic wand for reforms-PM Dubai crisis not to impact India: Montek In a few decades, US dollar may no longer be global reserve currency, opines ADB chief

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NOVEMBER 30, 2009
New business win for Kuehne + Nagel with Premium Aircraft Interiors Group Premium Aircraft Interiors Group, a globally integrated group of companies that delivers support for the life-cycle of all cabin interior products and services, has selected The gi... Kia to deliver products for France via Le Havre The South Korean car manufacturer Kia is to deliver certain new car marques to France and some neighbouring countries via Le Havre (France) and not through Antwerp (Belgium) in fut... White knight to rescue CMA CGM The French government has assured the stricken French shipping company CMA CGM that the state-owned investment bank Caisse des d'p'ts et consigniations (CDC) will take a stake... Contship's Sogemar to host rival company ONT Team ONT Team Terminal (ONT) ' run by chairman Pierpaolo Mosconi and his son Michele ' is leaving its historic premises in the via Triboniano in northwest Milan for the (forme... Finlands logistics provider Haanpaa goes intermodal The Finnish logistics service provider Haanpaa will expand its service portfolio by entering a new market segment and offer customers full intermodal services with effect from Janu... GLS phases in new depot in Germany The parcel service provider GLS recently phased in a new depot in Bornheim near Cologne (Germany). The building work took seven months. GLS reported that its relocation to the new ... Albany Door Systems steps up collaboration with Wincanton Albany Door Systems (ADS) is expanding the volume of business that it does with the transport and logistics service provider Wincanton. ADS recently signed a three-year contract wi... Biehle investing EUR 5 million in contract logistics Spedition Biehle, a forwarding company that has some 130 employees in Germany, is to build a logistics centre at its headquarters in Meitingen-Herbertshofen near Augsburg. Biehle h... EU Commission selects Kallas to be new transport commissioner The Brussels-based EU Commission recently announced that the Estonian national Siim Kallas, currently vice-president of the European Commission and responsible for admini... US: Watco's Boise Valley Railroad begins operations Watco Transportation Services Inc announced the successful start-up of a new railway called Boise Valley Railroad (BVRR). Additional manpower and locomotive resources were on hand ... AirBridgeCargo adds another B747-400ERF AirBridgeCargo Airlines (ABC), which belongs to the Volga-Dnepr Group and is Russia's largest all-cargo airline, has augmented its fleet with a new Boeing B747-400ER. The company a... ICF increases frequency of European intermodal transport Since the beginning of October, Intercontainer-Interfrigo SA Switzerland (ICF) has observed an upward trend in the unaccompanied intermodal transport market. ICF has also begun to ... FedEx launches International Next Flight The US service provider FedEx Express has launched FedEx International Next Flight, an expedited delivery service from the UK and Ireland to most worldwide locations. The service w... DB Schenker launches next step in heavy haulage rail freight capability The UK subsidiary of rail freight operator DB Schenker says it has increased the haulage capability of a regular fuel train operating from South Humberside to the East Midlands by ... Indian truck manufacturer starts in Kenyan market Ashok Leyland joins the list of trucks angling for the growing construction industry that has been boosted by Kenya government's investment in road infrastructure. Rajinder Malhan,...

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DECEMBER 1, 2009
"No armed guards on hijacked VLCC" UK Club looks for better deals from US lawyers Precious starts buying Norwegian assists Indian Dhow released by pirates

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DECEMBER 1, 2009
Carnival orders third Dream class cruise ship Dual fuel options open up Horizon Shipbuilding launches towboat for FMT Pirates seize tanker headed for LOOP

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DECEMBER 1, 2009
Carnival confirms cruiseship order plans THE European shipbuilding industry's long order drought may be about to end after confirmation that Carnival hopes to commission at least two large cruise... NYK to raise $1.3bn Japan's largest shipping line is set to raise $1.3bn from its first public share issue in 40 years. Europe votes to ease customs restrictions Member states stop short of establishing internal market. Hext heads off Pacific Basin chief leaves to Vanderperre operations.

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DECEMBER 1, 2009
VLCC captain says no-one hurt THE CAPTAIN of hijacked Greek VLCC Maran Centaurus has told the ship's operator that crew members are being treated well by the pirates, Fairplay was told today London Gateway threatened A LOCAL council has warned that DP World's London Gateway development at Thurrock in Essex needs government investment to remain viable Statoil-Gazprom USA deal signed NORWAY'S Statoil told Fairplay today it has signed an important memorandum of understanding with Gazprom Marketing & Trading USA Indian stocks rise on GDP surge THE DUBAI financial crisis seems to have had little impact on the Indian stock market as shipping shares reacted positively to the GDP surge in the second quarter ending 30 September STX Europe workers strike WORKERS went on strike today at STX Europe's shipyard in Finland Now Russia stews with Swedes RUSSIA is embroiled in another food fight after reportedly slapping a ban on shipments of Swedish meat US towing rules delayed THE US Department of Homeland Security is further delaying release of its long-awaited new rules on towing inspection

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DECEMBER 1, 2009
Lipinksi Urges Highway Spending to Create Jobs Strike Hits Halifax Railcar Supply Canadian Ports Weathering CN Strike Industrial Shippers Urge End to CN Strike Moller-Maersk CEO Shifts Investment Targets AirBridgeCargo Adds Fourth 747-400 Saddle Creek Acquires ServiceCraft Four Korean Carriers to Borrow $630 Million Customs to Close Los Angeles Drawback Office Trucking Software Pioneers to Merge MD Logistics General Manager Retires UPS Opens Expanded Toronto Hub NAFTA Trade Fell 12 Months Running CN Asks Customers for Help During Strike California Clean-Trucks Cut Pollution 80 Percent Strike Delaying Trains at Halifax Manufacturing Growth Slows in November Lloyd's Register, Bestway to Develop Green Bulker Marseille Box Traffic Grows Shipping Executive Bob Magee Dies TSA Failed to Improve Security, Says Report Vancouver Sees Cargo Diversions From Rail Strike

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DECEMBER 1, 2009
ICTSI secures Manzanillo concession DP World ring-fenced Crowley adds 400 reefers ahead of peak season Dalai Lama urges action on climate change Gothenburg still set to outsource terminal management

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DECEMBER 1, 2009
UP cruiseship out Filipe Menendez-led Ultrapetrol finally sells cruiseship Blue Monarch and confirms Princess Susana sale. Trio for sale Panamax bulkers owned by Nasdaq-listed OceanFreight listed for sale. Brazil trio charged Federal officials file corruption and money laundering charges against construction firm Camargo Correa in connection with Transpetro tenders. Sextet ordered Sinopacific bags order for 5,000-cbm pressurised gas carriers from low-profile Jaccar Holdings. Magee dies American Shipping Group chief executive dies in his home at 61. Hext quits Pacific Basin's Richard Hext will vacate the CEO's seat at the end of this year to clock on with Vanderperre family firm. Fishy tactics Sovcomflot's 'Project Sturgeon' an 'illegal investigation' and a 'serious criminal offence', Dmitry Skarga says. Overexposed Arctic Securities downgrades Jinhui from hold to sell amid fears over its 50% spot market coverage in 2010. Helix jumps Offshore vessel owner Helix Energy Solutions sees shares soar after analyst upgrade. Secret spy Dmitry Skarga, who left Sovcomflot 'under threats and hostile attacks', fears insider 'will suffer' if identity revealed. Carnival orders US cruiseship giant adds third 130,000-gt Dream-class vessel to orderbook at Italy's Fincantieri. Farstad too Karl-Johan Bakken-led firm is third Norwegian owner to benefit from Petrobras' latest PSV spree. HHI edges closer World's largest shipbuilder boosts stake in Hyundai Corp with $90m buy ahead of takeover. Greek ship escapes A Greek-owned suezmax tanker avoids capture by pirates after using flares and fire hoses to fend off attack. Stealth held Greek owner's LPG carrier Gas Prophet the lone detainee in Hong Kong during October. 'No armed guards' Greek manager of hijacked VLCC Maran Centaurus awaits ransom demand and confirms it had no armed security. Rating raised JCR Ratings of Japan likes the look of Namura Shipbuilding's big orderbook and innovative 'wozmax' hull. SLP on brink UK rig builder calls in administrators to resolve crippling dispute with Maersk in Middle East. Red Riga Latvia's biggest shipyard falls to nine-month loss as shiprepair revenue plunges. Goldman joins in US bank takes a near $10m chunk of Eitzen Chemical, joining Tufton Oceanic and Polaris Capital on the shareholder list. Korean cash Hanjin, HMM, Korea Line and SK Shipping close to $630m refinancing deal for LNG carriers. Finnish walk-out STX's Turku and Rauma yards lose 400 workers to strike action over job security and wages. DryShips pulls out George Economou-led bulker owner confirms $76m double panamax purchase has failed. Less for NYK Giant Japanese owner scales back its share issue by $356m as it prices offering. Outlook brighter VLCC demand should enjoy upswing this week as charterers enter market for second-half December cargoes. Wartsila wins CSCL opts for eight Finnish-designed two-stroke engines for boxships being built in China. Khalid fixes Khalid Hashim-led Precious Shipping secures two year charter for recently acquired bulker. Cheng quits PST PIL business trust spin-off set for temporary boss as chief executive Alvin Cheng opts to leave. MMA in BHP gig Mermaid Marine Australia clinches five-year charter to support BHP Billiton Pyrenees FPSO. Utopian dream Beverley Hills start-up emerges as power behind Samsung's new $1.1bn residential liner newbuilding project. Merlion Ace sold Singapore Shipping sells elderly car carrier to Jordanian owner for conversion into livestock carrier. Asimar inks orders Thai shipbuilder seals newbuilding contract for two tractor tugs from the local port authority.

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DECEMBER 1, 2009
U.N. extends anti-piracy policing Crowley boosts reefer fleet IATA: Retailers buying patterns lead recovery CSX announces promotions ITC starts second small U.S. exporter study Ex-Im project financing gives lift to Clipper Saddle Creek buys ServiceCraft Logistics CBP to close L.A. drawback processing center Antwerp lock to be closed for maintenance

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DECEMBER 1, 2009
Szczecin auction attracts little interest At an auction held on November 27 at the Szczecin shipyard, few buyers showed interest in the assets, according to Fairplay. Someone bought office premises, someone part of one of Dubai World with USD 26 billion debt The state-owned investment company Dubai World has initiated 'constructive' talks with banks to restructure its USD 26 billion debt. "It is envisaged that the restructuring process will be carried

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DECEMBER 1, 2009
Barges added to US West Coast ports LA/Long Beach and Seattle to see a boost in capacity. Bunker prices firm across Europe Hamburg sees good avails and demand. Project to design fuel-efficient bulker Lloyd's Register and Chinese partner say they are responding to pressure from shipowners. Firm prices in Middle East bunker hub Some 380 cSt available in Suez. New problems as ships avoid low sulphur zone Ships said to increase collision risk and straying into missile test area to limit time in regulated Californian waters. More fuel oil offered from Saudi refineries Saudi Aramco already committed to December exports of 400,000 to 450,000 mt. New dual-fuel engine Wartsila says engine gives smaller vessels 'fuel flexibility'. Coastal Oil opens office in Greece First office outside Asia to increase market reach. Markets hit 14-month highs Spot demand in Singapore still weak. 'Negative picture' for bunker businesses Bunker market marred by increased risk and diminishing returns. Collision off Singapore One of the wooden craft subsequently sank, MPA says. 'High' bunker prices hit LPG carrier's Q3 revenue Operating profit down almost 85% year-on-year. Chimbusco sets new barge rates Ports affected are Qinhuangdao, Jintang, Shanghaiguan and Caofeidian.