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Shipping News

Hope for offshore market seen
THERE is reason for some optimism in the offshore supply vessel market despite the risk of some over-tonnaging among supply vessels, as long as oil prices stay in the US$70 to US$80 range.
Container fleet to expand least this decade
The global container fleet will expand at the slowest pace this decade in 2009, AXS-Alphaliner said, after cutting its growth forecast because lines are delaying and scrapping ships amid the global recession.

Strait Talk

Changing shape of the future
'JAPAN will start developing a high-speed ship that can cruise at speeds much faster than conventional transport ships and cross the Pacific in about three days, the Transport Ministry said on Tuesday. The ministry said it has obtained a US$5.9 million allocation for research and development of the project . . . starting on April 1.'

web site

Shipping News

Hope for offshore market seen
THERE is reason for some optimism in the offshore supply vessel market despite the risk of some over-tonnaging among supply vessels, as long as oil prices stay in the US$70 to US$80 range.
Container fleet to expand least this decade
The global container fleet will expand at the slowest pace this decade in 2009, AXS-Alphaliner said, after cutting its growth forecast because lines are delaying and scrapping ships amid the global recession.

Strait Talk

Changing shape of the future
'JAPAN will start developing a high-speed ship that can cruise at speeds much faster than conventional transport ships and cross the Pacific in about three days, the Transport Ministry said on Tuesday. The ministry said it has obtained a US$5.9 million allocation for research and development of the project . . . starting on April 1.'

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CMA CGM imposes 'reefer consumption surcharge' for electricity WTSA applies 2008 formula to hike bunker charges October 1 CMA CGM, Maersk expand Far East-Caribbean Latin America east coast loop China demands WTO talks over 35pc US cheap tyre tariff Horizon Lines adds Tampa to Gulf Express Service US freight index up 1.6pc in July, first rise since February Kerry Logistics, Chongqing to build logistics park for ASEAN trade Jiangmen to invest US$1.5 billion on expressways Decline in Asia-Europe trade slows to 17pc in July: ELAA Hamburg Sud shifts terminals at Oakland for three services Panama Canal receives bids to dredge Atlantic entrance to 15.5 metres Yamato secures venture deal with China's bus company August Cathay cargo falls 6.3pc in year's lowest monthly loss Wild belly hold rate discounts menace all-cargo flights, says SA exec Changi Airport Group teams up with Beijing Capital Intl Airport Windsor moves on creating air hub across from Detroit

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Bharati Shipyard AGM on Sept. 29 GPLN now part of SC&RA of US 'Piracy tax' will hit exporters, say insurers Suttons Group develops chemical drumming facility for global customers Conquest 2009 to be a packed programme Gulf hit by credit crunch Shipping horizon stays gloomy-survey Thailand keen on closer trade ties Natural rubber imports shoot up by 259 pc Three Cheers for JNPT! SunTec offers port billing solutions Gopalpur port waiting for the word 'go' 2 major AHTSV orders won by Colombo Dockyard Pak's 'technical nod' for India's S. Asian train service plan Agrawal spells out BCHAA's string of achievements at 24th AGM CONCOR puts ICD development at Baddi in Himachal on fast track India now 5th-largest steel producer No licence needed for taking power from SEZs-DGFT Absence of PPP policy framework stalling all infra projects Cargomar, scientists to launch 'Eco Friends'

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SEPTEMBER 14, 2009
Ovens strengthens Toll EME team Toll Global Forwarding (TGF), the forwarding and logistics arm of the major Australian public company Toll Holdings, has further strengthened its Europe and Middle East senior mana... Kia partners up with NYK Logistics NYK Logistics began overnight delivery of spare parts for car manufacturer Kia in Belgium and Luxembourg in August. The service provider has now successfully integrated the deliver... Gefco wins contract in UK with Rangemaster The French transport and logistics service provider Gefco recently won a European distribution contract from UK kitchen equipment manufacturer Rangemaster. Gefco began distributing... Evergreen Line to raise rates in Northern Europe to South America east coast trades Evergreen Line to raise rates in Northern Europe to South America east coast trades The Taiwanese shipping company Evergreen Line is to implement rate increases in the Northern Eur... APM Terminals inaugurates Dubai office APM Terminals' CEO Kim Fejfer and company leaders recently visited Dubai (UAE) to inaugurate the company's new head office for its Africa, Middle East and Indian Subcontinent ... Maersk plans investments The giant Danish conglomerate AP Møller-Maersk generated some EUR 1.2 billion from the sale of shares. The money will be invested in new ships and offshore activities. "We want to ... 13th Euro-Med Convention "From Land to Sea", 22-25 October The 13th Euro-Med Convention "From Land to Sea", organised by the Grimaldi Group, will be held at the Forte Village Resort in Santa Margherita di Pula (Cagliari, Italy) from 22-25 ...

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SEPTEMBER 15, 2009
Irene EM freed Littlefield warns underwriters of "dire conditions" Failed attacks off Malaysia ME credit "to stay tight"

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SEPTEMBER 15, 2009
Petrobras plans "built in Brazil" drillship splurge Propelling Oasis of the Seas Marine fuel cell project passes milestone Crowley names VP labor relations Oceanteam in construction vessel JV deal

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SEPTEMBER 15, 2009
JSC warns against EU yard subsidies JAPAN Ship Centre chief fears support will distort global market and sustain overcapacity EU yards' subsidy plea wins support in Brussels IUMI 2009: Hull market outlook remains bleak DELEGATES given pessimistic 2010 forecast as underwriters struggle to deliver profit. Zim spells out equity swap offer to shipowners STRUGGLING Israeli shipping line could be partially or wholly spun off from its parent company within seven years. Jonny Kaniak to launch port fund PORT developer in venture to create private equity fund targeting over-leveraged assets in the sector. EU ruling could push up dredging costs PORT dredging costs will rise if a preliminary ruling is confirmed by the European Court of Justice.

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US troops survive wharf attack US troops survived an attack at a Jolo wharf in the southern Philippine province of Mindanao after a homemade bomb was hurled at their motorboat APL tries out 'green' device APL ships will be fitted with new equipment that is said to cut fuel consumption and emissions Thome, Teledata ink training tie-up THOME Ship Management has tied up with India's Teledata Marine Solutions for a new training platform Swire shifts to Singapore AFTER more than 100 years in Hong Kong the Swire Group's China Navigation and Sydney-based Swire Shipping are to relocate and combine most functions in Singapore Owners agree to pay spill fines OWNERS of storm-stricken Pacific Adventurer have formalised undertakings given to government in the wake of the vessel's 11 March oil spill Lines slash capacity, hike rates JAPANESE lines MOL and NYK have announced cuts in capacity and hike in box rates on different routes

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SEPTEMBER 15, 2009
Senators Fail to Reach Transport Bill Timetable Marad Asks, Bulker or Liner? Air Cargo Security Program Becomes Permanent IATA: Airlines Ground 227 Freighters NY Manufacturers See Second Month of Gains Obama Extends Cuban Trade Embargo GT Nexus Enhances Platform Interagency Program to Cut Fuel Use, Emissions U.S. Chamber: Trade Policy Risks 500,000 Jobs World Box Fleet Growth Slows to 7.3 Percent DP World Share Sale Talks Collapse Chinese Tire Case Falls Short of Trade War Lidinsky Named FMC Chairman Retail Sales Climb in August Kenco Helps Launch Field & Stream Clothing Shipping Lines Urge Emissions Standard Maersk, MSC, Evergreen Hike Rates

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SEPTEMBER 15, 2009
Mixed fortunes for Europe's east/west trades REZ-1 receives IANA award for intermodal load-matching technology CMA CGM puts the squeeze on reefer boxes Grande Senegal launched Chiquita Brands adds more reefer containers

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SEPTEMBER 15, 2009
'Fair number' Seacor Holdings chief executive claims management proposal would save US Shipping millions of dollars, as documents show takeover price tag at $300m. Yarmouth for sale Eastwind Maritime bulker hits the auction block in Louisiana after Aozara Bank arrest. Seacor rebuffed Aiming to emerge from bankruptcy in mid-October, US Shipping Partners wants cash rather than Seacor's takeover offer. Owner 'bankrupt' 'Hijacking' and Russian reticence leave owner of Arctic Sea unable to pay bills, operator says. EBX to build yard Conglomerate run by Brazil's richest man reportedly plans to build a $331m shipyard in Santa Catarina state. Stormy weather Deirdre Littlefield fears many insurers are chasing premium in a contracting market. Casualty file Trio of sinkings leads off TradeWinds' WebTV roundup of casualty incidents. Two more years Greece's Tsakos extends charter deal with Petrobras for suezmax Pentathlon. Blues in Bruges Pessimism rules as International Union of Marine Insurance conference gets under way in Bruges. Run revived Norway's Fjord Line relaunching fast ferry service to Hirtshals in Denmark. Ten-year low Alphaliner says 2009 boxship fleet growth will be lowest this decade due to delays and cancellations. Maersk ups rates Med and Black Sea to West Africa rates hiked while services with CMA CGM re-jigged in Americas. Star eclipsed? Malaysian cruise company proposes name change to Genting Hong Kong. SuperFerry fire Blaze breaks out onboard Aboitiz ferry barely a week after other ship sinks killing 10. Ferry found Irish newcomer Fastnet Line clinches ship purchase for relaunch of Swansea-Cork service. Big drop New Zealand's Ports of Auckland suffers 74% fall in annual profit as shareholder pumps in cash. Cargoships clash Cypriot and UK vessels in collision off Finland, but no injuries reported. Reefer surcharge French liner operator set to introduce 'reefer consumption' surcharge on all trades from October. Vietnam venture Taiwan's Formosa Plastics planning big new bulker port and steel mill in Ha Tinh province. Weakness persists Average revenue per feu down 30% for third consecutive months at Neptune Orient Lines. Costly fraction China's Cosco pays $28m to raise stake in boxship and bulker unit CCHC by less than 1%.

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SEPTEMBER 15, 2009
WTSA to raise bunker rates in October COSCO announces Asia/U.S. peak season surcharge CMA CGM introduces reefer surcharge Mahan Airways continues illegal re-exports to Iran DeCota, N.Y.-N.J. aviation chief, dead at 52 New rail bridge over Mobile River Imported tire fight with China escalates Strickler named U.S. textile trade negotiator CBP expands outreach efforts Florida governor supports LNG port Suez Canal Container Terminal sets record

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SEPTEMBER 15, 2009
European yards demand action to save shipbuilding CESA, Community of European Shipyards' Associations, calls for support to overbridge the current crisis in the industry. The association warns that a number of shipyards and suppliers will soon face New ferry service from Hirtshals Fjord Line A/S has decided to reinstate its fast ferry service between Hirtshals and Kristianssand. In the summer season of 2010 (from June to August) Fjord Line will sail New Nordane tug delivered Nordane Shipping has taken delivery of the tug Stevns Icequeen from the Canadian shipbuilder Irvine Shipbuilding at East Isle Shipyard in Georgetown, Canada. The new tug (nr 94) is a Greek vessel freed off Somalia Somali pirates have released the dry bulk carrier Irene M.V. The Greek Saint Vincent-flagged vessel was hijacked100 nautical miles off Al Mukala in the Gulf of Aden in the

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SEPTEMBER 15, 2009
Bunker prices diverge Signs of a firmer market in northern Europe while prices continue to fall in the south. Oil spill funds research 20 years after Exxon Valdez herring numbers continue to fall. Russia near decision on October fuel oil taxes Export duties will be largely unchanged. State-owned bunker supplier suffers losses Reports say Chimbusco has unrealized losses from oil derivatives trading 'running to billions of yuan'. High-cost bunkers 'here to stay' Report warns of dangerous mix of 'high-cost bunkers and low freight rates'. Bunker operations resume in Hong Kong Bunker operations resume as Typhoon Koppu moved to Guangdong. Asian bunker prices firming on Tuesday But Busan prices weaken across all grades. CPC adjusts 380 cst prices at Keelung, Taichung Cargoes of 380 cst material have arrived at the two ports. Banks 'forced' to write down $90 billion in shipping loans Asset values have 'crashed significantly'. Morgan Stanley forecasts oil at $105 in 2012 Oil market will begin to tighten from 2011. Bunker charges for Trans-Pacific carriers to increase Guidelines call for increases on October 1. Singapore August box throughput up 2.5% on month But year-on-year comparison sees 13.8% plunge.