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Shipping News

US$2.5m donation to help keep straits safe
Safety, security and the environment in the Straits of Malacca and Singapore will be boosted through the Nippon Foundation's US$2.5 million contribution yesterday to the Aids to Navigation Fund to help maintain navigational equipment in the world's busiest strait this year.
150 people fall ill on cruise ship in Britain
About 150 people have fallen ill aboard a cruise ship berthed in Scotland following a suspected outbreak of the vomit-inducing norovirus, health officials said on Monday.
Oracle testing trimaran for America's Cup
US side Oracle launched back into the waters off the coast of California a modified version of the giant trimaran which they will use in their duel with America's Cup defenders Alinghi of Switzerland, the team said yesterday.
Baltic Dry Index drops 4.1% on lower rentals
Mid-east tanker supply rises as demand falls
Educating future shipping magnates
Grand China to boost ties with Zhoushan

Strait Talk

Newbuilding glut is the big worry
SHIPOWNERS traditionally keep their thoughts on business matters very much to themselves - and for good reason. Shipping is a highly competitive, as well as profoundly cyclical, industry.

web site

Shipping News

US$2.5m donation to help keep straits safe
Safety, security and the environment in the Straits of Malacca and Singapore will be boosted through the Nippon Foundation's US$2.5 million contribution yesterday to the Aids to Navigation Fund to help maintain navigational equipment in the world's busiest strait this year.
150 people fall ill on cruise ship in Britain
About 150 people have fallen ill aboard a cruise ship berthed in Scotland following a suspected outbreak of the vomit-inducing norovirus, health officials said on Monday.
Oracle testing trimaran for America's Cup
US side Oracle launched back into the waters off the coast of California a modified version of the giant trimaran which they will use in their duel with America's Cup defenders Alinghi of Switzerland, the team said yesterday.
Baltic Dry Index drops 4.1% on lower rentals
Mid-east tanker supply rises as demand falls
Educating future shipping magnates
Grand China to boost ties with Zhoushan

Strait Talk

Newbuilding glut is the big worry
SHIPOWNERS traditionally keep their thoughts on business matters very much to themselves - and for good reason. Shipping is a highly competitive, as well as profoundly cyclical, industry.

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6,350-TEU MOL Prosperity ablaze off Hong Kong's Lamma Island Rising costs prompt Hamburg Sud, Alianca bunker surcharge in August CMA CGM to become CNC Line's agent Xiamen port's Taiwan trade hits 114,000 TEU Zhejiang's seaport capacity becomes third largest in China China Post: PRD express business to top US$2.04 billion by 2014 Panama Canal to call for bids in last dry excavation in expansion India to offer scheduled rail freight services DHL launches packaging centre in Malaysia AeroLogic appoints AAT as Hong Kong cargo handler Malaysian budget airline Firefly comes to Singapore Changi Airport Delta and Tiger Airways launch new Sydney services Baghdad airport welcomes take off of Iraqi Wings Air Cargo

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Everlloyd Container Lines starts operations 50 ships await berthing at Paradip Port Mumbai Port adds feather to cap by deftly handling heaviest project cargo Sky brightening for airfreight Service tax on Rlys aims to provide level-playing field to road sector CONCOR's North West Region performs better in Q1 Proposed warehousing authority to get chairman & 2 members by Oct. Diesel price hike impact on road transport operators not budgeted for Exempt export units from diesel price hike-Fieo Stimulus package for print media Roll back stimulus packages from Sept., urge Planners AEPC alarmed over sagging garment exports Big-ticket reforms put on backburner, bemoan economists An appropriate Budget, feels Gautam Adani Incentives aplenty, but exporters' concerns not fully addressed, says SRTEPC chief CTT withdrawal elates Commodity Exchanges

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JULY 7, 2009
Yemeni forces thwart attack Queensland government admits defeat in oil liability row CKYH add direct Vietnam-US East Coast service Norovirus hits cruise ship

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JULY 7, 2009
Bollinger set to build CPB's for Yemen Greenpeace orders new Rainbow Warrior

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JULY 7, 2009
Owners in the dark as Hanjin Heavy delays $1.3bn order MOVE to defer eight 12,800 teu ships made without the knowledge of Lloyd Fonds and NSC. "If we do not get money we beat the crew badly" SOMALI pirate warning raises fears ransom negotiation tactics are being intensified as pirates push for more money.

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JULY 7, 2009
Korean owners plan fleet sale to Fund KOREA Asset Management Company has devised a sale and lease-back scheme for Korean shipping companies facing a financial crunch Spanish strikers return to yards MORE THAN 20,000 workers returned to their shipyard jobs today after a 27-day strike in Vigo, Spain Swissmarine sues Hangzhou SWISSMARINE confirmed to Fairplay today that its $8.8M claim against China's Hangzhou Iron & Steel has gone to arbitration in London HK fire rages on box ship HONG KONG marine firefighters are continuing today to fight a fire aboard a box ship that's so stubborn it might continue for another two days German marine suppliers hit GERMAN shipbuilding suppliers expect stable revenues this year, but the order slump and cancellations will cause them severe troubles in 2010-11 CSAV selling its Agunsa shares CHILE'S container operator CSAV will sell its stake in Agunsa this week, CSAV sources told Fairplay Post-mortem on passenger death A UK CRUISE ship passenger has died of an apparent heart attack and 150 passengers on the same vessel are sick in a suspected outbreak of norovirus

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JULY 7, 2009
Freightliner Rolls Out Natural Gas Truck Trans-Pacific Carriers Seek Drastic Rate Hike Milan Express, New Century Form LTL Partnership Report: Infrastructure Spending to Fall in 2009 Qantas Pleads Guilty to Price-Fixing in Canada Japan to Review Antitrust Decisions Against 5 Forwarders EC to Launch Program to Boost Shipping's Image Maersk to Cut Taiwan Berth Usage Steel Importers Fight 'Cap and Trade' in Senate MSC Expands Golden Gate Service Air France-KLM, British Airways See Cargo Improve Russia and China Eye New Reserve Currency Marseilles Box Volume Down 1 Percent CKYH Alliance to Add Vietnam-USEC Loop Agility Awarded Option on U.S. Army Contract Bertram Picked for DOT's Finance Post

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JULY 7, 2009
Drewry paints bleak picture Greenback feels the heat ahead of G8 summit Tanger Med II presses on regardless Honduras: 'containerised cargo still moving'

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JULY 7, 2009
Goulandris buys Brokers say Greek shipowner NJ Goulandris is the buyer of Metrostar's newbuilding tankers. Casualty file Tanker crew taken hostage and deadly AHTS sinking lead weekly WebTV roundup of casualty incidents. 'Panic' hurts rates Transpacific Stabilisation Agreement seeking new revenue after contract negotiations result in "unsustainable" rates. Barge notes close Barger owner American Commercial Lines signs up $390m credit facility after placing $200m in notes. OSG loss-bound Lazard Capital Markets analyst expects second-quarter loss but remains bullish on New York tanker owner's stock. Hanjin in frame Korea Line, Hyundai Merchant and STX joining Hanjin in selling ships to Kamco, report claims. Aries in doubt In annual report, PricewaterhouseCoopers raises "substantial doubts" about US-listed owner's ability to continue. Diana upgraded Cantor Fitzgerald upgrades Diana Shipping thanks to charter coverage, "healthy balance sheet" and the chance for expansion. Sea Star 'in talks' Media reports lead Yannis Vardinoyannis-led Sea Star Capital to own up to share sale talks with investors. High flyer for port Woman with an aviation background named director of Haven Amsterdam. More please! For the third time, Nexus Floating Production asks bond holders for more time to re-jig finances. Cool cruising Huge fleet of robot spray ships proposed as the solution to global warming. Sell-off on Philippines readies sale of Batangas phase two after supreme court ruling reducing land compensation. Supply strong Owners still keen to scrap old ships, but many remain unsold as buyers hold back. Pimentel returns Former Carnival man joins RCCL as head of luxury brand Azamara Cruises. Volumes down Indian ports reach 1m teu in first two months, but still 12% lower year-on-year. Food aid Taiwanese locals prepare feast for nine crew stranded when the Colombo Queen tanker grounded. Chinese eye VLs Oil traders in the People's Republic are buying up large tankers for oil storage off Singapore. Subic attack Korean foreman accused of 'frustrated murder' by Filipino worker at Hanjin shipyard. Integrity issue Transeuropa crew criticised in accident report for regularly leaving ferry's watertight doors open at sea. Vietnam direct CKYH group to start new link from Ho Chi Minh City to US east coast to speed up transits. Cash store Odfjell's Singapore tank terminal joint venture bags SGD 200m loan for expansion. One dies, 150 ill Man's death on cruiseship in UK 'unrelated' to norovirus outbreak which is said to be second in a row. Two more weeks Aker Solutions extends charter of Hurtigruten cruise ship as an accommodation unit until 28 July. Doomed to fail Liner sector must change its ways if it wants to survive, says UK-based consultants Drewry. Still ordering Japan's yards are still winning newbuilding orders, albeit at much reduced levels from a year ago. COSL goes seismic China Oilfield Services Ltd orders deepwater seismic vessel and a survey vessel at domestic shipyards.

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JULY 7, 2009
TSA lines plan $500-per-FEU rate hike CKYH lines add direct Vietnam/USEC call Drewry: Carriers face "$20 billion black hole" U.S., Japan continue trade regulation improvements U.S., Japan link trusted trader programs Daewoo Logistics goes under DGX opens first Middle East facility in Jordan Damco selects cargo tracking system Panama Canal opening lock bids Wednesday DHS to assume responsibility for Project Seahawk Former Redwood City port commissioner Smith dies

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JULY 7, 2009
Tight supply conditions in Hamburg, ARA Bunker prices little changed in North Europe on Tuesday. Modern barge launched in Russian Far East Singapore-based company says new state-of-the art bunkering vessel can cut delivery time to a fifth of previous norm. Novorossiysk company aims higher Plans to raise bunker sales by 3% in 2009. Pakistan floats another fuel oil tender Seeks over a million tonnes of HSFO and LSFO for August to November delivery. Bunker prices stable Crude oil prices rebounded in after-hours trading on Tuesday. Shenzhen prices lose competitive edge to HK Deliberate move by Shenzhen's dominant supplier to end 'cut-throat' competition. Asian fuel oil prices continue to slide Cracks holding steady however as supply squeeze expected in July.