BRIEFS

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Shipping News

Unique boxship economics
MARITIME transport is the backbone of international trade and an important enabler of economic globalisation. If not for the significant gains in technical and organisational efficiencies achieved in shipping and international logistics, we would not be seeing the rapid expansion of international outsourcing and global production networks.
Tianjin Port merges with rival in US$1.4b deal
Tianjin Port Development Holdings Ltd is paying US$1.4 billion for control of Shanghai-listed rival Tianjin Port Co Ltd, in an expected consolidation of China's third-largest port.

Strait Talk

Celebrating S'pore's shipping links
AS recently as October 2008, shipping people were gathering in Singapore for last year's Maritime Week. So it may come as a bit of a surprise that we are just a month away from this year's celebration of the island's links with the sea and shipping.

web site

Shipping News

Unique boxship economics
MARITIME transport is the backbone of international trade and an important enabler of economic globalisation. If not for the significant gains in technical and organisational efficiencies achieved in shipping and international logistics, we would not be seeing the rapid expansion of international outsourcing and global production networks.
Tianjin Port merges with rival in US$1.4b deal
Tianjin Port Development Holdings Ltd is paying US$1.4 billion for control of Shanghai-listed rival Tianjin Port Co Ltd, in an expected consolidation of China's third-largest port.

Strait Talk

Celebrating S'pore's shipping links
AS recently as October 2008, shipping people were gathering in Singapore for last year's Maritime Week. So it may come as a bit of a surprise that we are just a month away from this year's celebration of the island's links with the sea and shipping.

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CMA CGM (America) appoint director of inbound trade and government cargo Maersk responds to THC charge responses Sinotrans reshuffles domestic express business South Africa's Grindod prepares for tough year Islamabad-Tehran-Istanbul box rail link given go ahead Panalpina to cut up to 1,600 jobs as freight volumes fall ESC, CLECAT slam European Parliament vote on Eurovignette III Swiss WorldCargo offers new Zurich-Lyon service China Postal Airlines launches Shijiazhuang-Nanjing-Wuhan line Progress towards 100 per cent air cargo screening

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Stimulus package for ports & shipping sector being sought-A.P.V.N. Sarma Mercator earmarks Rs 560 cr. for 2 dredgerss Tebma Shipyard delivers survey vessels to make DCI's work more accurate Baltic Dry Index on 3-week dive Onion exports to Bangla shoot up Safeguard duties may be slapped on 12 Chinese products Jewellery exports lose lustre Krishnapatnam Port sets course to become biggest gateway facility in South Asia KoPT's move to use Chinese dredger in Hooghly stonewalled Mundra Port deftly handles rail coaches imported for Delhi Metro Railways hauling less loads Deccan Cargo takes off in April Airfare war halves ticket prices in US Plethora of heavy investments to counter meltdown waves in 2009-10-CMIE study BoA empowered to clear conversions into EOUs of enterprises exceeding Rs 50 cr.

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MARCH 17, 2009
Mitropoulos repeats call for action on recruitment Maersk Tankers "ready for CO2 transport market" "No increase in tanker demand likely" Energy efficiency "progress" at IMO

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MARCH 17, 2009
Superferry announces layoffs Barge fleet grows Hawaii Superferry suspends operations

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Pacific box lines unveil plan to bolster rates TSA seeks to hike rates by $500-600 per feu on 2009-10 contracts, cut off reduced spot rates by June. Pacific box lines turn to new bunker formula Pacific Adventurer box search like "needle in a haystack" QUEENSLAND minister says efforts to recover 31 containers like trying to find "a needle in a haystack". China Shipping sees net profit rise 18% SURGING revenue from its dry bulk and tanker business helped lift 2008 net profits to Yuan5.4bn.

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MARCH 17, 2009
Gdynia yard put up for sale POLAND'S Gdynia shipyard today had its assets divided and put up for tender US bulk fears of Mexican standoff A SPAT OVER Mexican trucks venturing into the US may now impact bulk and breakbulk trades between the two nations Coal is king in China COAL IMPORTS to China last month surged to their highest levels in at least 22 months, according to a report in the China Daily Star Bulk reveals successful debut STAR BULK Carriers today announced a net income of $133.7M for its first full year of operations, buoyed largely by a successful fourth quarter

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MARCH 17, 2009
Saudi Carrier Adds Charleston Call Sea Ocean to Launch Box Service LA/LB Box Volumes Plunge Alaska Air Cargo Enhances Seafood Shipment Cargostore Invests in Rental4000 DB Schenker Opens Vietnam Logistics Center Port of Corpus Christi Gets $8.25M in Stimulus Manufacturers Urge Congress to Promote Exports Governments Sign Hong Kong Bridge Contract Tropical Shipping Renews with Palm Beach Asia-Australia Lines Hike Rates KCS Touts Line Security in Mexico Producer Prices Rebound Virginia Mayors Oppose Terminal Takeover CMA CGM Green Ship to Arrive Greece Halts Thessaloniki Privatization Japan Ship Orders Sink Mexico Retaliates with Tariffs

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MARCH 17, 2009
Chennai mega container terminal to go ahead Hong Kong and Singapore's box handling continues to fall Brown's pledge to world trade Laid up fleet exceeds 1.4 million TEU Property writedowns hurt Forth Ports

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MARCH 17, 2009
US shares jump Afternoon rally in New York markets push shipping shares upward, as Star Bulk and Trico lead the pack. Platou raids rival RS Platou Markets lures six big-hitters from rival finance house Pareto Securities. Armada alert Tommy Rathleff warns creditors will get "insignificant" payout if insolvent charterer is liquidated. Casualty file Australia's Pacific Adventurer disaster and the Cygnus Ace collision off Japan lead TradeWinds WebTV's weekly smash-up roundup. Ferry shut down State supreme court ruling shutters Hawaii Superferry's inter-island fast-ferry service. HMS cash flow Dockwise reveals $42m in contracts, including deal to move a Royal Navy ice patrol ship that got into hot water. More in Aden WebTV report shows Japan and South Korea sending warships to combat pirates off Somalia. Ship hurt in storm Six to 12 metre swell cause minor damage Horizon Lines vessel as it left Alaska for Tacoma. Shooting Star Star Bulk Carriers' Nasdaq-listed shares jump by 22% after reporting better-than-expected earnings. Scrap clean-up Bangladesh is getting tough on shipbreakers in a bid to improve the sector's environmental record. SNO to fall Romanian shipyard expects profit to drop 45% this year, but investors to pocket big 2008 dividend payout. Scan shedding 3 Scan Geophysical to rid itself of troublesome newbuildings after write-downs send it deep into the red for 2008. RCL master held Captain of Thai ship involved in collision with Korean vessel which sank with 16 missing arrested. HKF plunges Hong Kong ferry group piles up losses as value of equity-linked notes plummets. Box lay-up slows Seasonality puts the brakes on idling of containerships while merger of services brings notable pause in lay-up of panamaxes. Fisher stronger UK tanker and marine services group pushes up 2008 profit and says it is well placed to weather downturn. Brittany's bid French ferry owner offers EUR 62m for struggling cross-Channel compatriot SeaFrance, but jobs will go. Divi doubled A trebling of its bottom line in 2008 leads Hallin Marine to boost its shareholder payout. Japan holds 14 February list includes general cargoship hauled up for oily water separator deficiency. Close call Listing Dutch ship suffers cargo shift in North Sea, but is safely towed into port. Tianjin tie-up Rival port operators in Tianjin set for merger in much anticipated consolidation of Chinese ports. Worker wins US court rejects Bollinger Shipyard's appeal against sandblaster's injury claim. Holding on Struggling shipbuilder C&Heavy is resisting calls for it to enter administration as it searches for a buyer. Doubling up? Norfolkline could add second ship to its new Scotland-Belgium run if demand proves strong. Asciano on block Struggling Australian ports and rail group puts major assets or entire company up for sale. Aegean expands Nikolas Tavlarios-led bunker player bolsters its domestic presence with new operation in Patras. Fairstar sells Oslo-listed heavy-lift player brings in $8m from two share issues. Canal crunch Scandlines ferry and Cypriot-flagged boxship hit lock during passage through Kiel Canal, Germany. WWL to lay-up A 30% to 40% decline in volumes of cars shipped prompts desperate action from Scandinavian partners. Star celebrates Akis Tsirigakis-led bulker outfit, part owned by TMT's Nobu Su, marks first year as a listed company.

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MARCH 17, 2009
CSAV asks bank for help to weather storm Containership layups exceed 1.4 million TEUs Tanker company hit with $1 million fine European rail group merges into ESC Bersin top candidate for CBP chief Mexico retaliates against truck ban CEVA in automotive deals Schenker opens Vietnam logistics hub Port operator: Everything calm in Cabello Tianjin port operators merging Port of L.A. February traffic down 33%

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MARCH 17, 2009
Grimaldi calls for mandatory phase-out of older vessels The Grimaldi Group CEO, Emanuele Grimaldi, calls for a mandatory phase-out of all vessels over 30 years to fight the downturn plaguing the shipping industry, Lloyd's List reports. Wallenius vessels in lay-up Wallenius is laying up six vessels. The Toba (built in 1979, 3,900 cars) and the Tabiola (built in 1978, 4,000 cars) which are owned 50/50 with Wilh. Wilhelmsen and Million-dollar fine for oily water discharge A federal judge in Corpus Christi, Texas, has sentenced the Portuguese company General Maritime Management to a USD 1 million fine and five years of probation for illegal discharge of

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MARCH 17, 2009
Europe: Strong demand for bunkers in Rotterdam Market busy as North European bunker prices firm. Rosneft awards fuel oil tender Armada still struggling to avoid liquidation Troubled dry bulk operator has warned that creditors could get 'insignificant' returns. Call for older vessels to be scrapped Phase-out would reduce emissions, says managing director of the Grimaldi Group. Asia: Bunkers rise on crude oil gains Hong Kong and Tokyo Bay prices narrowing. Shell limits 180 cst supplies in Sydney Product available on "limited spot basis". Singapore container throughput dives February figures slowed significantly as shipping trade continues to weaken. Bunker supplies tighten in Japan Some suppliers have already sold their March allocation of bunker product. Bunker surveyors plead guilty to corruption in Singapore Accredited Singapore supplier involved in bribery charges of three surveyors.