BRIEFS

web site

Shipping News

NOL's Widdows gets industry award
Neptune Orient Lines (NOL) president and CEO Ronald Widdows has been named an Admiral of the Ocean Sea by the United Seamen's Service.
Transported in perfect condition
THE next time you tuck into a bowl of fruit - take a moment to consider that the apples might be from New Zealand, the star fruit from Taiwan, the lychees from China, the blueberries from Chile, the mangoes from Thailand and the bananas from the Philippines.
PSA is official maritime sponsor for YOG
PSA has signed on as the official maritime and shipping sponsor for the inaugural Singapore Youth Olympic Games.

Strait Talk

Hedging gets physical
I ADMIT I have always had problems getting my head around the idea of shipping-futures markets, forward-freight agreements (FFAs) and hedging.

Shipping Times

Subway, rail accidents prompt Fed safety scheme
The Obama administration is proposing that the federal government oversee safety regulations for subway and light-rail systems in the wake of several accidents that killed or injured passengers.

web site

Shipping News

NOL's Widdows gets industry award
Neptune Orient Lines (NOL) president and CEO Ronald Widdows has been named an Admiral of the Ocean Sea by the United Seamen's Service.
Transported in perfect condition
THE next time you tuck into a bowl of fruit - take a moment to consider that the apples might be from New Zealand, the star fruit from Taiwan, the lychees from China, the blueberries from Chile, the mangoes from Thailand and the bananas from the Philippines.
PSA is official maritime sponsor for YOG
PSA has signed on as the official maritime and shipping sponsor for the inaugural Singapore Youth Olympic Games.

Strait Talk

Hedging gets physical
I ADMIT I have always had problems getting my head around the idea of shipping-futures markets, forward-freight agreements (FFAs) and hedging.

Shipping Times

Subway, rail accidents prompt Fed safety scheme
The Obama administration is proposing that the federal government oversee safety regulations for subway and light-rail systems in the wake of several accidents that killed or injured passengers.

web site

Shipping News

NOL's Widdows gets industry award
Neptune Orient Lines (NOL) president and CEO Ronald Widdows has been named an Admiral of the Ocean Sea by the United Seamen's Service.
Transported in perfect condition
THE next time you tuck into a bowl of fruit - take a moment to consider that the apples might be from New Zealand, the star fruit from Taiwan, the lychees from China, the blueberries from Chile, the mangoes from Thailand and the bananas from the Philippines.
PSA is official maritime sponsor for YOG
PSA has signed on as the official maritime and shipping sponsor for the inaugural Singapore Youth Olympic Games.

Strait Talk

Hedging gets physical
I ADMIT I have always had problems getting my head around the idea of shipping-futures markets, forward-freight agreements (FFAs) and hedging.

Shipping Times

Subway, rail accidents prompt Fed safety scheme
The Obama administration is proposing that the federal government oversee safety regulations for subway and light-rail systems in the wake of several accidents that killed or injured passengers.

	web site

HK October down 18.2pc to 1.7 million TEU, Singapore off 8.2pc October volume best of 2009 for LA, up 10.9pc from September Amsterdam risks fading from maritime container stage Maersk to call at Total Terminals International in Oakland NYK to incorporate values in day-to-day operations Russia's Kaliningrad enclave volume falls two to three fold Intermodal numbers suggest recession bottoming out Savannah adds Suez service with Hapag, NYK, OOCL call Shenzhen's Neptune Logistics offers rail consolidation to Amalty All 3PLs slip, but SMEs widen market share in downturn DB Schenker terminal in Bulgaria to open in spring 2010 Logwin expands markets after re-branding from Globistics CEVA wins contract with South Africa's Retailcorp ICS, WSC publish container safety guide for shippers DHL expands its Singapore Oil & Energy Centre of Excellence Changi Airport seeks bids for third ground handling licence OAG's Cargo portal opens to Thai market Construction begins on Las Vegas cargo centre at McCarran Airport

	web site

Arshiya Int'l bags two awards at 'Supply Chain Asia Logistics Awards 2009' in Singapore Maritime industry banking on revised FDI policy CSL to adopt green tech to face competition Shipping, airline sectors remain in grip of recession TVS Logistics acquires UK's Multipart Holding SAL & Sai Maritime explain intricacies & finer points of a colossal task Baltic Dry Index posts biggest gain in 7 weeks on tight Capesize availability Zero duty, shrinking dollar open floodgates for edible oils' imports b. India, Indonesia trade set to flourish under FTA regime-Envoy Major Ports achieve modest 3.6 pc growth in April-Oct. despite trade slump Domestic BPO market to be $ 6.82 billion by 2013 Exports recovering, though very slowly, observes Commerce Secy Engineering exporters seek nod to trade in stable currency GST will rid cascading effect of taxes-Pranab German dignitary to speak at Taj tomorrow Culture is king Meeting with Vietnam team at IMC today

	web site
NOVEMBER 16, 2009
Possible delay at Eurogate Container Terminal Hamburg A works meeting will take place at Eurogate Container Terminal Hamburg (Germany) on Thursday 19 November between 14.00 and 18.00. This could result in delays to rail operation... New Dutch coastline takes shape The port of Rotterdam (Netherlands) recently announced that the construction of Maasvlakte 2 is proceeding according to plan. Over a quarter of the necessary sand was laid las... Port of Hamburg: transhipment volumes down 22.9% in first nine months The port of Hamburg (Germany) reported that the economic and financial crisis had an impact on the volume of transhipments of seaborne cargo at its facilities in the first nine mon... Inland waterway transport in Europe: Observation of the market 2009-1 The Central Commission for Navigation on the Rhine recently announced that the 2009-1 publication on Observation of the Market for Inland Waterway Transport in Europe is now availa... Unifeeder buys IMCL Unifeeder, a leading feeder service provider based in Aarhus (Denmark) is to purchase Inter Marine Container Lines (IMCL) from the Lemissoler Shipping Group, based in Cyprus. IMC... Irish Road Haulage Association slams flawed carbon tax proposal The Irish Road Haulage Association (IRHA) has claimed in a pre-budget submission to government that its proposals to introduce a carbon fuel tax as a means of reducing carbon emiss... Eddie Stobart Ltd wins distribution contract with Unilever Eddie Stobart Ltd, part of the UK-based provider of multimodal transport and logistics solutions Stobart Group, recently secured a major distribution contract with Unilever UK... BLG Coldstores' expansion scheme in Bremerhaven completed The German service provider BLG has added a EUR 2 million extension to its cold store at the Container Terminal Bremerhaven once again this year. This follows three ... Finnair pilots down tools Finland's flag carrier Finnair reported that 800 of its pilots began an open-ended strike on 16 November. The company was force to cancel all operations (around 200 flights) at the... Singapore Airlines Cargo starts services to Atlanta Singapore Airlines Cargo has commenced a weekly westbound Boeing B747-400 freighter service to Atlanta GA (USA). The flight from Singapore is routed via Hong Kong, Anchorage AK&nbs... Fraport reports better airfreight volumes in October Frankfurt airport (Germany) reported that its traffic figures continued to recover in October this year. The airport operator Fraport AG registered about 4.6 million passengers at ... Eads posts Q3 results The European aerospace giant Eads, the owner of Airbus, lost EUR 87 million in Q3/2009 as the weak US dollar hit its results. The aircraft manufacturer made a EUR 679 million profi...

	web site
NOVEMBER 17, 2009
Panama corruption case guilty plea Admiral defends EU anti-piracy record New ship could herald switch to LNG bunkers Rina's lay-up guidelines

	web site
NOVEMBER 17, 2009
New designs set to slash offshore wind installation costs Northrop Grumman wins Navy award worth potential $635 million STX Finland wins polar vessel contract Imtech to supply Rainbow Warrior green systems

	web site
NOVEMBER 17, 2009
China drives Baltic Dry Index surge Index reaches highest level since global financial slump. New Lloyd's Open Form panel announced Sir Nigel Teare recalled to act as appeal arbitrator for at least the next year. Louis Dreyfus mulls investing in CMA CGM Louis Dreyfus and Louis Dreyfus Armateurs said to have made 'concerete offer'. Windstar parent debt swap misses mark Ambassadors International still in danger of collapse as a third of bondholders fail to take up offer.

	web site
NOVEMBER 17, 2009
Rule B ruling goes retro LAST month's landmark decision that electronic funds transfers cannot be attached through US admiralty law's 'Rule B' now covers previous attachments DryShips in convertible deal DRYSHIPS will be the latest entrant to shipping's bond market, announcing a $300M public offering of convertible senior notes today Mermaid pod suit advances CARNIVAL scored a major victory today in its mega-lawsuit against Mermaid pod providers Rolls-Royce and Converteam, as a judge refused to dismiss most of the cruise giant's claims Repsol ship units spared SPANISH energy major Repsol today said its tanker unit and chartering contracts remain unaffected ' even though it has posted an enormous fall in income Maersk accused in Mumbai A GLOBAL union today called for AP Møller-Maersk to sever business with an Indian contractor accused of beating up its port workers €3.9Bn loan for Nord Stream Nord Stream AG reportedly said today it will receive €3.9Bn ($5.8Bn) in loans from banks by the end of the year Korea yard majors profit MAJOR South Korean shipbuilders continue to perform well with Hyundai HI, Samsung HI and Daewoo reporting higher turnover and profits for the third quarter

	web site
NOVEMBER 17, 2009
ILA Ratifies Contract Extension NLRB Closes $41 Million Back Pay Case U.S. Steel Exports Increase for September Knight, Celadon Resist Pressure to Cut Capacity Buffett 'Not Entitled to Spectacular' BNSF Returns Swift's Moyes 'Bullish' on 2010 U.S. Grand Jury Indicts Agility Hamburg Box Traffic Plunged 27.8 Percent Diesel Falls 1.1 Cents to $2.79 per Gallon Industrial Recovery Slows J.C. Penney Sees 'Havoc' from Ocean Carrier Cuts South Carolina Ports Elects New Chairman Detroit Ferry to Close for Construction CSCL, UAS Consolidate in Asia-Middle East Japan Ship Orders Sink 37 Percent Trans-Pacific Rates to Rise in 2010 A. Duie Pyle Expands Warehousing in Northeast Trucker ABF, Teamsters in Concession Talks Analysts Foresee Modest Rate Increases CSX Raises Philadelphia Bridge Clearances

	web site
NOVEMBER 17, 2009
Oakland's TTI wins two Maersk loops MSC in dock again CKYH's super-slow boats to China Somali pirates strike again US and China to 'work together' to solve problems

	web site
NOVEMBER 17, 2009
Back in bonds George Economou has returned to the US bond market with DryShips offering for up to $345m in senior notes. Floating together BG Group joins Gabrielli-led Petrobras to develop plans for a floating gas liquefaction unit off Brazil. Another nail US appeals court decides that ruling ending Rule B attachments of wire transfers applies retroactively. Five return Quintet of idled Great Lakes bulkers return to service, boosting cargo movement. Swiss storeroom 'Secret' documents sent by Yuri Nikitin from Russia to Swiss banker to protect confidentiality, court told. BW HQ sold BW Gas has sold the stately headquarters of the company to former Bergesen DY boss, Morten Bergesen. Cash needed Windstar Cruises parent Ambassadors International says its ability to continue depends on more sources of cash. Acciona mulls sale Acciona is considering a renewed effort to sell ferry owner Acciona Trasmediterranea. Skarga milking it? Former Sovcomflot general director hits the shops to stock friend and host Yuri Nikitin's fridge. Happy for handies Acquisitions by Aristides Pittas' Euroseas are likely to focus on 1,700-teu containerships, Oppenheimer analyst says. Travel buddies Former Sovcomflot director general Dmitry Skarga and his family enjoyed holidays at Yuri Nikitin's expense, court hears. Stealth short Harry Vafias-headed company misses Wall Street estimates in the third quarter. Clever money STX Europe wins $170m research ship order from South Africa, supporting jobs at its Rauma shipyard. Gard chief elected Claes Isacson becomes first non-British chairman of International Group P&I cartel. Drugs haul? Navibulgar bulker master informs Argentinian authorities of suspicious packages on board after loading at San Lorenzo. Rem stable Norwegian offshore owner sees third quarter bottom line nudge just ahead of last year's figure. North goes for 5% Newcastle based P&I club back on course under new management team of Alan Wilson and Paul Jennings. Montenegro sells Advisor sought for prospective privatisation of ferry operator Montenegro Lines. Hijack sting Pirates abort attack on Ukrainian ship after hostile encounter with naval forces. Tanker hijacked Singapore-owned chemical tanker with 28 North Korean crew taken by pirates off Africa. Hidden hike American Club shipowners face 4% higher P&I bill as club sets no general increase but raises supplementary call. Tanker tonic? Boost in store for tanker market if rumours China plans to ban single skins from the start of next year ring true, Fearnley Fonds says. Rouble rise Russia's Vyborg Shipyard posts much bigger nine-month profit from semi-submersible work. Cargo row Guam Shipyard in hot water for breaking US island port's monopoly on cargo loading. Ryder eyes buys Stena Bulk chief Ulf Ryder hunting bargain two-plus-two suezmax order and distressed second hand sales. Esvagt pulls four Danish owner lays up quartet of stand-by and crew ships as market weakens in North Sea. Uni-Asia sinks Japanese ship financier sees third quarter results slip into the red on weaker shipping and property sectors. Globus loses George Karageorgiou's bulker owner hurt by impairment charges in first nine months, but third quarter improves. Garware down Indian offshore vessel player posts lower second-quarter profit despite revenues rising. Death toll rises Thirty bodies recovered after ferry sinks following collision with oil barge in Myanmar. Brace yourself Growing oversupply problem will make 2010 a "difficult year" in the offshore sector, Eidesvik says. Up and atom Fallout in Baltic as Greenpeace boards Dutch ship ferrying generators to Finnish nuclear site. CSDC inks pair China Shipping subsidiary orders two panamax bulkers at Jiangnan Shipyard for delivery late next year. Boskalis boost Peter Berdowski-led Royal Boskalis slaps an extra EUR 10m on its full-year profit forecast. TGP plans issue Teekay LNG Partners may issue 4m new shares to repay outstanding amount on revolving credit facility.

	web site
NOVEMBER 17, 2009
FMC to analyze EU conference ban Indamex service to call Savannah AOTOS Awards to Widdows, Kurz, Coast Guard Pa., CSX to improve 16 bridge clearances Werner expands into Australia OOCL Logistics starts audit system Hyundai sets up U.K. logistics joint venture Competition for Australia terminal operators Maersk switches Oakland calls to TTI terminal Mobile port officials meet with Panama ambassador

	web site
NOVEMBER 17, 2009
Rauma shipyard receives order from South Africa The South African Department of Environmental Affairs has ordered a Polar Supply and Research Vessel from STX Finland Oy Rauma shipyard for delivery in the spring of 2012. The value Raised premiums from P&I clubs UK Defence Club announces a 5 per cent premium raise in 2010 due to effects in the wake of the financial crisis, like early redeliveries of chartered vessels, off hire Esvagt takes over Esvagt Alpha Esvagt A/S has added another vessel to its owned fleet. It is the Esvagt Alpha, which has been on bareboat charter from the Danish Maritime Safety Administration. In 2000

	web site
NOVEMBER 17, 2009
Skaugen names first LNG vessel The Norgas Innovation could 'pave the way for LNG becoming a practical marine fuel'. Companies back 'cold ironing technology' ABB and Fincantieri sign deal to develop 'better systems'. Minister sets out UK's goals for UNFCCC Pressing for global CO2 target, then work via IMO to achieve it using market-based instruments. Bunker prices show strong gains in Europe Meanwhile, losses in early trading on the NYMEX. Prices lack direction in Fujairah and Durban Demand remaining thin. Container line sinks deeper into the red Bunker prices down year-on-year, but not enough to keep operator in profit. FOBAS 'fully supports' draft ISO 8217 Endorses inclusion of proposed H2S limit to ensure 'universally applied control' of safety hazard. Refinery resumes bunker sales Japanese plant's bunker volumes still only 'half' their normal level. Bunker prices still firming The price of 380 cSt material at 13-month high in Busan and Tokyo Bay. Detained Singapore ships 'await charges', MMEA says Status of vessels invloved in illegal fuel transfer unclear. Indian ports register 3.6% growth Period from April to October sees higher demand for some commodities. Ferry leaks fuel oil in Japan Ferry run aground in bad weather. Malaysia impounds two ships for fuel transfer Marine fuel was being transferred in the waters of Tanjung Piai. CPC suspends deliveries in Taichung Barge operations could resume after November 21. Ferry sinks after collision with oil barge