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Sea Asia 2011 to be held at Marina Sands IR
THE third Sea Asia Conference and Exhibition will be held at a new location in 2011 - Marina Bay Sands.
Fresh perspectives for marine P&I market in Asia?
MARINE insurance has long been slated as a major growth business for underwriters in the Asia-Pacific.
Availability drives up supertanker surplus
The surplus of supertankers competing to ship two million-barrel cargoes of crude from the Middle East rose in the past week with more ships available for hire.
Jurong Port Sept throughput falls
Global crisis fuels boom in Bangladesh shipbuilding
No fishy business in Polish shipyards sale
New minister meets Piraeus port workers
Shipping in 'desperate' need of Chinese financing
Weeks after recovery, Arctic Sea's mystery grows

Strait Talk

Resolving pay pressures
TWO news items about seafarers' pay have crossed my desk recently. Lengthy negotiations over pay on flag-of-convenience ships came to a conclusion a couple of weeks ago in Manila. And about the same time, a new report showed wage costs had soared in the past year.

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Shipping News

Sea Asia 2011 to be held at Marina Sands IR
THE third Sea Asia Conference and Exhibition will be held at a new location in 2011 - Marina Bay Sands.
Fresh perspectives for marine P&I market in Asia?
MARINE insurance has long been slated as a major growth business for underwriters in the Asia-Pacific.
Availability drives up supertanker surplus
The surplus of supertankers competing to ship two million-barrel cargoes of crude from the Middle East rose in the past week with more ships available for hire.
Jurong Port Sept throughput falls
Global crisis fuels boom in Bangladesh shipbuilding
No fishy business in Polish shipyards sale
New minister meets Piraeus port workers
Shipping in 'desperate' need of Chinese financing
Weeks after recovery, Arctic Sea's mystery grows

Strait Talk

Resolving pay pressures
TWO news items about seafarers' pay have crossed my desk recently. Lengthy negotiations over pay on flag-of-convenience ships came to a conclusion a couple of weeks ago in Manila. And about the same time, a new report showed wage costs had soared in the past year.

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MSC to hike rate US$200/FEU from US to Asia November 16 China shipping shows signs of recovery in first eight months Lay-ups rise 10.4pc as peak season fades into winter doldrums Elasticity, short terms mark busy, but depressed charter market World's biggest tunnel-bridge opens this month in Shanghai Norwegian tanker tycoon mulls Container Company investment DHL to open three Singapore, India life science centres WWL to provide logistics for new Nissan Chennai auto plant Delivery of Boeing's first 747-8 Freighter delayed to Q4 2010 Uganda Air Cargo moves into passenger service All Nippon Airways appoints Globe Air Cargo GSA in France

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Shipping may be kept out of Competition Commission's purview Bharati Shipyard ups the ante for Great Offshore acquisition Web-based solution for LCL consolidation,Globtrack launched Opening TSA salvo sets tone for next year's contract talks MAERSK LINE to raise rates, cut capacity on Atlantic services CMA CGM announces rate restoration from Europe to French Pacific Islands EVERGREEN LINE relaunches FEM, cuts capacity on TPS services BBC Andino Express Line announces service from Port of West Palm Beach to South America Old boxship orders keep delivery stream flowing NYK LINE welcomes new electric vehicles ...scraps new Tacoma terminal plan, will use APM's instead OOCL to hike rate by $ 300/TEU on South China-NZ trade lane MISC commences long-term third-party charter hire UASC implements ISCS Sensitive items' imports surge by 34.5 pc in April-July Tobacco exports up Rani Jadhav takes over TAMP's reins US firm to clear Paradip oil spill ACT puts on show its superior might Geetapuram port enhances handling capacity Subcontinental box train may be flagged off next year India's exports continue to drop in August'09 States now squabble over date of GST implementation Planner feels sops for industry must be retained Swati Piramal now heads Assocham

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OCTOBER 12, 2009
Piraeus reports more strikes The port of Piraeus (Greece), which suffered from repeated industrial unrest last year, has reported that work has halted in the container sector. Port workers stopped lifting boxe... Logistics giants join forces with WFP to respond to Asian crisis Agility, TNT and UPS - three of the biggest corporate names in global logistics - have joined international efforts to expedite food supplies to hundreds of thousands of people aff... New partnership between Karl Dischinger and n7froid The French forwarding company n7froid, headquartered in Selongey (Burgundy), began to collaborate with the Ehrenkirchen-Kirchhofen near Freiburg (DE)-based specialis... Gefco Brazil receives Infraero Efficiency Logistics Award Gefco Brazil, the national subsidiary of the French logistics service provider Gefco, was recently presented with the Infraero Efficiency Logistics Award for the best logistics ent... Bilbao handles over 21 million t up to August The port of Bilbao (Spain) handled 21.01 million t of goods between January and August this year. The port authority reported that the international economic crisis reduced tr... Contargo offers emergency programme due to low water levels on Rhine The transport and logistics service provider Contargo is working out a low water emergency programme to combat the low water level on the River Rhine. Contargo is setting up tempor... Global airline capacity up by 1.04% but growth slowing Global airline capacity is showing positive growth of 1.04% this month, compared to October last year. In September 2009 the growth was slightly higher, at 1.4%, accordin...

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HOS sells four single hull tank barges

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OCTOBER 13, 2009
IRISL still free to trade in UK ISLAMIC Republic of Iran Shipping Line's British subsidiaries can operate legally despite ban. Boxlines see charter periods collapse Research finds average charter duration for boxships has shortened to 4.5 months. Trust ports prepare for election UK Trust Ports are preparing themselves for a possible fire sale after the general election as the government scrambles to fill a giant hole in public finances.

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OCTOBER 13, 2009
KG investors turn on managers GERMAN KG houses may be facing a flood of lawsuits from angry investors as more one-ship companies head into restructuring Scandinavia mulls superbank NORDEA and Swedbank might merge to create a Nordic superbank, it has been reported Emissions regs debate heats up ANTI-POLLUTION advocates claim US lawmakers are attempting to weaken the government's ability to regulate proposed laws requiring cleaner burning engines on US-flagged ships NYK achieves management award NYK Shipmanagement has become the first Asian ship manager to be certified in accordance with the DNV standards for competence management Piracy attack foiled in Singapore Strait A SUSPECTED act of piracy in the Singapore Strait was foiled today by a vigilant crew Japan spared wrath of Melor JAPANESE shipping companies and ports escaped lightly last week when Typhoon Melor, the largest storm to come ashore in a decade, blew across the islands Paradip to cover Black Rose salvage PARADIP port authority is to stump up Rs 174M ($3.7M) to cover the cost of salvage of the bulk carrier Black Rose

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OCTOBER 13, 2009
Terminals at Samoan Ports Now 'Fully Operational' CSX Profit Falls 23 Percent to $293 Million Box Trade Moves toward Recovery Diesel Edges Up as Oil Nears 2009 High Stimulus Gets Ohio Truck Bypass Going Evergreen, CSCL to Launch Joint Service Kirby Chairman to Retire Quality Distribution Sells Tank Cleaning Subsidiary Wallenius Adds China Capacity Genesee & Wyoming Traffic Falls Air Cargo Decline Eases in Germany, UK Toll Group Acquires Footwork Express RailAmerica IPO Begins Trading at $15 CMA CGM Launches INTTRA in North America MSC Hikes US-Asia Rates Rails, Ports Go to China to Market West Coast Customs Pledges Automation Program Will Arrive

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OCTOBER 13, 2009
Zim still negotiating itself out of trouble Atlantic trades remain in the sink Asia - Europe on the rebound? Evergreen's September figures take a tumble APL volumes ahead, rates recovering

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OCTOBER 13, 2009
GrandUnion closes Bagging stock in exchange for three bulkers, Greek shipowner now controls 71% of Aries Maritime Transport. WSF orders duo Washington State Ferries awards $114m contract to Todd Shipyards for two car ferries. Not wholly true Former Sovcomflot finance chief, Igor Borisenko, admits to making untruthful statement to auditor, Moore Stephens. IRISL ship halted US military reportedly boards IRISL-chartered boxship Hansa India because of eight containers of bullets and cartridges from Iran. Under $200m George Economou's DryShips lands two more waivers to cut its troublesome debt pile to $187.5m. Kirby chair retires Kirby Corp chairman set to retire from the top role on the barge company's board of directors in April. Reed in US play Law firm Reed Smith launches US shipping practice with hire of Troutman Sanders duo. Yard blast deaths Up to three killed after gas explosion at Bangladeshi shipbreaker Sitakundu, reports say. Not off limits Former Sovcomflot CFO Igor Borisenko says the devil was in the detail of charter terms with Yuri Nikitin-linked firms. Facility stretched Offshore player Helix Energy Solutions strikes deal to extend and increase revolving credit facility, as well as to allow asset sales. Cash for flotels Ocean Hotels scores $100m deal with Export Development Canada to build two accommodation vessels at Davie Yards. Montecristo fixed OceanFreight's newest cape tied up for at least four years at $23,500 per day, with an option for four more years. New route ready Evergreen set to launch joint weekly Pacific service with China Shipping as rates still hurt. Still afloat A bulker reported to have partially sunk causing crew to evacuate off Philippines is in port for repairs. Offshore shift DryShips is now a driller, says Lazard Capital Markets, as it upgrades George Economou-led company to "buy". Another rise Taiwan's Evergreen pursues sustainable rates from Europe to the Med by adding $75 per teu. Russia up Overall port volumes rise 8% in Russia to end-September as oil cargoes increase. Lantana hit Small Singapore-registered product tanker was boarded off Malaysia early this morning. Dutch unit bust Oceanteam's Amsterdam-based arm files for bankruptcy following court defeat in Bergen. Gas gamble Singapore's Ezion forms joint venture to own support ships for Australia's massive Gorgon LNG project. Japan holds 22 Cido Shipping car carrier among vessels that failed September port state control checks. Ro-ro threat Crew of Australian vessel Matthew Flinders facing legal action over strike as they await back-pay. Khan can't Bangladesh shipbuilder loses out on $100m Brunei ship order due lack of funding. Casualty file Somali pirates pick a fight with the wrong ship and the Full City is back in this week's casualty news. Eidesvik extends Oslo-listed offshore player keeps Trico AHTS for a further two years on back of new deal with ConocoPhillips. Qatar Nav falls Earnings down in first three quarters at bulker and containership owner on weaker markets. Olsen in at Imarex SeaBird Exploration CFO to clock on at Herman Michelet-led derivatives broker Imarex from November. STX on the slide An upcoming $140m share sale has STX Corp shares on the ropes Tuesday. Jason eyes IPO Singapore marine electronics supplier aiming to raise around $1.5m from initial public offering. Price named Hyundai Heavy could spend $214m on controlling stake in Hyundai Corp, report says. Vyborg thrives Russian shipyard expects 2009 revenues to be up 150% on previous year thanks to Gazflot deal. Steering failure Investigation uncovers why fully-laden capesize ran aground in Australia's Port Hedland in July 2008. MOL merger Japanese giant bringing together two subsidiaries, Kansai Kisen and Diamond Ferry, to form Ferry Sunflower. Bows bash Tanker and containership damaged in collision in river Waal in Netherlands. Rates still weak Average revenue per feu at Singapore's Neptune Orient Lines continues to remain in the doldrums. Rauma hope STX Europe's Finnish yard close to winning EUR 160m South African research ship order. ACL orders 50 US owner will build big series of hopper barges at its own Jeffboat shipyard next year. Flag milestone Ships registered in Singapore have passed the 4,000 for the first time, official figures show.

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OCTOBER 13, 2009
NIT League examines new Chinese shipping regulation MSC hikes rates on U.S. to Asia cargo APL: Volumes up slightly, rates depressed Egypt comes under APL spotlight Kuehne + Nagel wins contract from Mydent "Opportunities and Challenges" BDP opens project cargo office in Mexico CORRECTION: Port director opposes truck regs rewrite

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OCTOBER 13, 2009
WWL adds sailing on China Express Service Wallenius Wilhelmsen Logistics China Express Service operating between China, Japan and South Korea has increased its sailings from two to three sailings a month because of a resurgence in trade Polferries for sale The state-owned ferry company Polferries is up for sale, the Polish Treasury announces. Maersk and DFDS are among the speculators the Polferries CEO Jan Warchol says to Tradewinds. The

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OCTOBER 13, 2009
Consumers to 'bear brunt' of fuel surcharge Marine Atlantic faces further criticism. Prices continue to climb in Europe Mediterranean market could see supplies tighten. Prices fall in Fujairah and firm in Durban Demand in Fujairah improves. ExxonMobil Marine Fuels announces new Director Vincent Chong replaces Linda Wright as head of oil major's marine fuels division. Marine surveyor acquitted in short-delivery case Evidence, including confession, deemed insufficient for conviction Singapore and Hong Kong slightly softer Bunker prices in Busan and Tokyo strengthened. Maersk swaps larger vessels for smaller ones APL and Hapag-Lloyd discontinue slot purchases. Singapore September bunker sales up 11% Second highest monthly sales volume ever recorded. BW Group CEO suggests bunker levy Sohmen-Pao says proceeds can be 'put to good use'. Crude oil prices at seven-week high Analyst revises up oil price forecast for the rest of 2009. Lower revenues persist for NOL Average revenue per FEU down partly due to lower bunker recovery.