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Shipping News

Join the 'old girls' club' of women in shipping
THE biggest difference between the maritime industry now and in the past is the number of women today. Attitudes - as well as times - have changed. And the atmosphere is different from what it used to be.
Armada S'pore offers to pay some creditors 32.5% of debt
Armada (Singapore) Pte, a shipping line that sought court protection in January, offered to pay some creditors 32.5 cents on the dollar over five years as it seeks to reorganise.
Cargo traffic dries up at US ports
The international trade business is foundering faster than ever seen before, with some US seaports watching cargo traffic fall by more than a third.
PSA's HR head wins 2nd HRM award
AP Moller-Maersk Group maintains interest in PTP
NYK opens new box facility at Keppel Distripark

Strait Talk

EU bloc attitude at IMO goes unchallenged
REGULAR readers of this column will recall mention of the ambitions of the Brussels bureaucracy for greater control of the levers of power at the International Maritime Organisation (IMO).

web site

Shipping News

Join the 'old girls' club' of women in shipping
THE biggest difference between the maritime industry now and in the past is the number of women today. Attitudes - as well as times - have changed. And the atmosphere is different from what it used to be.
Armada S'pore offers to pay some creditors 32.5% of debt
Armada (Singapore) Pte, a shipping line that sought court protection in January, offered to pay some creditors 32.5 cents on the dollar over five years as it seeks to reorganise.
Cargo traffic dries up at US ports
The international trade business is foundering faster than ever seen before, with some US seaports watching cargo traffic fall by more than a third.
PSA's HR head wins 2nd HRM award
AP Moller-Maersk Group maintains interest in PTP
NYK opens new box facility at Keppel Distripark

Strait Talk

EU bloc attitude at IMO goes unchallenged
REGULAR readers of this column will recall mention of the ambitions of the Brussels bureaucracy for greater control of the levers of power at the International Maritime Organisation (IMO).

	web site

CMA CGM implements rate hikes from April 1 Deep rate cuts afoot as carriers plead for cargo in downturn Matson expands CLX service to include Xiamen NOL container volume plunges in six weeks to February 6 Empties pile up on docks throughout China, says HK Shippers Council YICT opens Changping-Yantian 100-minute rail express PD Ports commences Felixstowe-Teesport feeder service Vietnam's weak infrastructure drives up costs: study Russia's Kaliningrad port suffers 25pc decline in January Henan province's largest air cargo terminal starts operation UPS early bird service increases coverage to 23,000 zip codes Lufthansa Cargo sets up environmental awards for industry

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CMA CGM announces rate restoration on main trades OEL starts direct box feeder service between Kolkata Port & Myanmar Govt gives tacit nod for bridge to link proposed deep-sea port off Bengal coast Plunging rates may persuade container charter owners to lay up more ships Exports & imports register steepest fall in 7 years Farmers fancy exclusive ex-im policy Export-dependent Asian economies find domestic demand drying up too Leather & textile exporters to US & EU to get 2 pc aid in duty-free scrips Baalu lays base for 2nd box terminal at Tuticorin Port Foundation laid for world class box terminal at Ennore Port Nigeria suspends entry of boxships Nath sure worst is over for economy IFFCO Kandla emerges cricket champs & Paradip lifts volleyball cup Ramesh Bansal elected to KCHAA helm Russia lifts ban on processed farm products

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MARCH 3, 2009
IMO and industry in ballast water initiatives Containerships buys Contaz Panama dredging bids sought Golden Ocean in charter dispute

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MARCH 3, 2009
Zim replaces CEO Panama Canal lock bids received German Navy detains nine pirate suspects DryShips reports on S&P woes

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MARCH 3, 2009
Shippers to score as transpacific rates slide NOL chief Ron Widdows says shippers will get lower rates in forthcoming round of service contract negotiations. Transpacific contracts shredded as importers demand huge rates cuts

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MARCH 3, 2009
NOL's volume falls 35% VOLUME for Singapore's government-owned box operator Neptune Orient Lines continues to fall steeply Drewry pessimistic on box traffic WORLD box traffic is slumping so fast that previous forecasts could prove to be too optimistic, Mark Page of Drewry Shipping has warned Russia-Spain LNG deal signed SPAIN and Russia signed an accord today that gives Spain access to Russian LNG supplies Seoul warship joining Somalia force SOUTH Korea said today it would deploy a 300-sailor warship unit in Somali waters by mid-March to protect Seoul's commercial vessels

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MARCH 3, 2009
Manufacturers Back Obama's Trade Policy China Box Throughput Stalled for '09 Short Line Traffic Plunging UP Seeks to Avoid New Chlorine Haul Kuehne & Nagel boosts '08 earnings Zim Appoints New CEO

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MARCH 3, 2009
Widdows: world trade in biggest ever decline Indian ports strike in doubt CMA CGM goes for rate hikes Ocean carriers cut more costs

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MARCH 3, 2009
Seaspan delays Vancouver-based boxship owner to receive as few as half of planned newbuilding deliveries this year. Jones Act row Trico Marine's stock swoons after CEO Joseph Compofelice says Christen Sveaas' board campaign could lead owner to fall afoul of US law. Brazil bulker crash No injuries or pollution at Brazil's Santos port after open hatch carrier hits moored bulker. Courier saved German navy arrests nine suspected pirates in apparent hijack attempt of a Gebruder Winter boxship. Fuel hits Seaboard Florida liner operator reports 40% drop in full-year operating income as fuel costs eat into the bottom line. Two deals flop DryShips to sue Sansun Logix as two of three bulker sales fall flat. Treble tumble Hamburg Shipbrokers' Association ConTex containership time charter assessment drops another three points to 305 Eagle shelves New York bulker owner submits filings to issue new shares, as Sophocles Zoullas reassures on charter coverage. Less than a third! Armada scheme of arrangement projects basic payout to key creditors of less than 33 cents in the dollar over five years. Seaspan bullish Canadian boxship owner still boasts 100% charter coverage, but suffers $199m annual loss on interest rate swaps. Loans lauded German lender Deutsche Shipping will continue to pursue new opportunities in Europe after posting bigger 2008 profit. Trio attacked One pirate reportedly killed by Yemeni forces as tanker, boxship and South Korean ship hit. Spot of bother Anchor handler owners endured their worst month in five years as North Sea spot market sinks to lowest level since February 2004. Kuwaitis out Workers at Gulf country's three ports down tools in protest over 32-year pay freeze. Armada off to war Insolvent charterer unleashes torrent of litigation in bid to recover $120m from counterparties. Fredericia flush Danish repair yard finishes 2008 with healthy surplus but this year will not match up. Swift Sammy Ofer wastes no time in replacing Doron Goder with former deputy Rafi Danieli bumped up to the top job. Clean conscience Cruise line Holland America saving unused shampoo bottles and giving them away to the homeless. Sea Hawk axed Deep Sea Supply chops AHTS newbuilding at Jaya and hints more could follow. Med mission Finland's Containerships buys Turkish operator Contaz to extend southern reach. Brittany steps in Brittany Ferries joins Louis-Dreyfus in battle to take over struggling cross-Channel operator SeaFrance. Six scrapped Owners sold five handysizes and one handymax for demolition last week as prices rose. Slight return Canada's Davie Shipyard takes back 75 of 1,100 workers laid off last year as it ramps up production again. One tenth idle Over 450 containerships are now laid up with 61 dropping anchor in the past two weeks alone, AXS says. Ro-ro launch Finland's Lillbacka wants to bring two vessels out of lay-up to start new Baltic venture. FPSO outfit in loss Sea Production makes a loss in the fourth quarter due to impairment charges on tanker conversions. Keells buys more Sri Lankan group ups stake in Colombo's SAGT terminal to 42% in $19m deal. Vantage fixes rigs US driller part owned by TMT's Nobu Su wins charters for drillship newbuildings worth $2.7bn. Ferry flounders Over 140 safe after three vessels rush to ship which suffered engine breakdown off Philippines. 'Pirates' set free US frees nine found with weapons "commonly used to facilitate pirate attacks" citing lack of evidence.

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MARCH 3, 2009
CMA CGM details rate increases Zim CEO resigns APL's volumes, rates fall to open 2009 U.S., India enter standards cooperation Former GM vet Smith joins Sandler & Travis Trade rep-designate Kirk owes taxes Kuehne + Nagel reports record results Shipco enters Vietnam market Panama Canal solicits Atlantic dredge bids Kuwaiti port workers strike Pacific Coast port assessments could soar

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MARCH 3, 2009
Swedish corvettes on heavy lift vessel The Swedish contribution to the EU anti piracy operation Atalanta, will be transported to Somalian waters on a heavy lift vessel. "This is a more expensive solution, but the best First newbuilding for Maersk Lines Brazil operation A. P. Møller-Mærsk has taken delivery of the first of two container carriers, which will be allocated for the Brazilian affiliate Mercosul Line. The ship has been named Mercosul Russia admits to oil spill The Russian navy has admitted that they caused the oil spill southeast of Fastnet Rock off the West Cork coast, Ireland, two weeks ago. According to Russia the oil spill Large particulate emissions from ships Commercial vessels emit almost half as much particulate matter pollutants as total amount released by all the cars in the world. This is claimed by scientists from the US National TTS reports record year ' but cancellations reduce the orderbook TTS Marine ASA reports a NOK 4,196 million turnover in 2008, an increase of 70 percent compared to 2007. Earnings before depreciation were NOK 208.6 million, an increase of

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MARCH 3, 2009
Europe: Prices continue to slide Rotterdam bunker market 'almost dead'. Aegean expecting continued growth Company is 'nimble enough' to look at new markets and thinks there will be more acquisition opportunities. Drive 'to stem global warning' must continue Shipping must show 'undiminished determination' in facing environmental responsibilities. Armada files plan to pay creditors Bunker suppliers among those that will be paid in full. US bunker company honoured for bravery Buffalo Marine Services helped prevent 'disaster' in Houston Ship Channel. Asia: Bunkers see double-digit losses in key ports Singapore's benchmark 380 cst grade at a two-month low. NOL sees lower box revenue Lower BAF and declining core freight rates reducing revenue per FEU, volumes also falling. 'Bankruptcy' fear for Malaysian owner Half its tanker fleet seized for bad debt; several companies file claims. Pakistan supplier expands fleet Charters additional barge and building another one. Shipping industry needs to 'act quickly' to meet challenges Industry should invest in 'sustainable fuel management' to reap long-term benefits, DNVPS says. Study measures PM pollutants from ships Higher sulphur fuels emit more more particulate matter.