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Shipping News

Strong attendance despite gloomy economic outlook
The Sea Asia 2009 conference and exhibition has managed to overcome the recession to capture the imagination of the global shipping community with a packed exhibition hall and a quality conference programme.
Shipping's an inevitable course to take
Dinner table conversation revolved around the shipping business while SS Teo was growing up, so it was inevitable that the managing director of Pacific International Lines (PIL), chairman of the Singapore Maritime Foundation (SMF) and president of the Singapore Shipping Association (SSA) would end up where he is today.
Shipowners may have cancelled 260 vessel orders
Shipowners probably cancelled orders for 260 vessels carrying commodities and containers as the global recession choked demand and a credit crunch reduced funding, a consultant said.

Strait Talk

Just listen to the youngsters' suggestions
DURING this Singapore Maritime Week a wide range of issues is being discussed, both in presentations and debates at the various events taking place and, no doubt, in the networking that is going on across the city as large numbers of shipping industry people from around the world gather here.

web site

Shipping News

Strong attendance despite gloomy economic outlook
The Sea Asia 2009 conference and exhibition has managed to overcome the recession to capture the imagination of the global shipping community with a packed exhibition hall and a quality conference programme.
Shipping's an inevitable course to take
Dinner table conversation revolved around the shipping business while SS Teo was growing up, so it was inevitable that the managing director of Pacific International Lines (PIL), chairman of the Singapore Maritime Foundation (SMF) and president of the Singapore Shipping Association (SSA) would end up where he is today.
Shipowners may have cancelled 260 vessel orders
Shipowners probably cancelled orders for 260 vessels carrying commodities and containers as the global recession choked demand and a credit crunch reduced funding, a consultant said.

Strait Talk

Just listen to the youngsters' suggestions
DURING this Singapore Maritime Week a wide range of issues is being discussed, both in presentations and debates at the various events taking place and, no doubt, in the networking that is going on across the city as large numbers of shipping industry people from around the world gather here.

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Hamburg Sud container plunge offset by good results elsewhere China retains global edge despite downturn, says CMHI boss MOL to make calls to Florida's Jaxport on APX service Eurogate turns a record 3.5pc profit in 2008 Tianjin to build two 300,000-tonne terminals this year DHL enjoys 79pc monthly road growth in south east Asia Railwaymen say trucks' short-haul cost advantage can be beaten Platinum Cargo Logistics appoints new Operations Director Continental Airlines launches daily Shanghai-New York flights Zhuhai Airport launches first international service to Seoul AirAsia launches flights to Tianjin, and soon to Chengdu, Xian

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A S Shipping's Numbal CFS becomes RFID-compliant Maritime musings Feeder volumes shrink with more main lines calling directly at ports Trade chill spreads with pirates getting innovative NYK Line releases initial exploratory design of energy-efficient ship TT Club's overall surplus & reserves still strong despite reverses Sea Asia '09 begins with a bang Ore exports pick up Despite export ban, India emerges as 3rd top rice exporter! Apeda estimates 40 pc jump in 2008-09 Basmati exports Fruits, vegetable fair to be held in Hong Kong Cement imports from Pak picking up A million tonnes of white sugar to be imported duty-free Major Ports' capacity rises to 555.67 m tonnes in 2008-09 JNPT joins hands with Gijon Port Authority of Spain Amingaon ICD adopts quicker & cost-saving method to load paper tea sacks CBDT Task Force to find ways to prevent misuse of tax treaties RBI cuts repo & reverse repo rates by 0.25 pc each Icra sees exports picking up in fiscal's second-half Flow of natural gas from KG basin will save $9 bn in import bill'official Forex reserves dip sharply FDI inflows swell in January after dipping for 3 months DLF Ltd seeks denotification of 4 SEZs

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APRIL 20, 2009
K+N also feeling slump The Kuehne + Nagel logistics corporation, based in Schindellegi (Switzerland), is also feeling the effects of the global economic slump. Turnover was down from CHF 5.31 to 4.29 bil... TNT opens new regional hub in Singapore The Amsterdam-based Dutch postal group TNT has opened an expanded regional hub at the Changi Cargo Complex in Singapore. The SGD 20 million centre will serve as the company's nerve... New Gazeley logistics centre for Zufall The real estate developer Gazeley recently handed over a 36,000 sqm centre in Kandel near Karlsruhe (Germany) to the Zufall Logistics Group. Zufall's subsidiary Logistec is taking ... J. B. Hunt registers fall in operating revenue J. B. Hunt Transport Services has announced Q1/2009 net earnings of USD 30.8 million, compared to Q1/2008 earnings of USD 36.4 million. Total operating revenue for the current quar... Dramatic cargo traffic decline in Brussels Cargo throughput at Brussels airport (Belgium) fell to 108,800 t in Q1/2009, a dramatic 48.5% drop from 211,200 t in Q1/2008.

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APRIL 21, 2009
Piracy attacks "double" in Q1 Stolt Strength released Hebei Spirit ruling expected Thursday Optimism in Singapore

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APRIL 21, 2009
VT Marine CEO Butch King dies Defendant in Maersk Alabama case faces life sentences Guest workers sue Gulf Coast shipyard labor recruiters U.S.-flag owners told to strengthen antipiracy plans ABS type approves GE L250 inline engine

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APRIL 21, 2009
KG houses will play decisive role for owners KG system would allow owners to sell and lease back vessels, says Lloyd Fonds chief executive Torsten Teichert. Euronav secures $300m loan TANKER operator sees sharp fall in first quarter profits but manages to seal loan to fund six vessels. Somali pirates free Stolt Strength as Nigeria gunmen attack tanker PIRATES release hijacked chemical tanker with all 23 Filipino national crew said to be safe.

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APRIL 21, 2009
Russians sentence ship master THE MASTER of a cargo ship involved in a fatal pursuit and sinking has been sentenced to three months in prison by a Russian court Spanish port bill criticised SPAIN'S new transport and public works chiefs are under pressure to modify port legislation after a report from its antitrust authority warned that the bill could distort competition Union queries Manila's Aden ban A MARITIME union leader criticised Manila today over a lack of guidelines for implementing a new government policy seeking to bar Filipino seafarers from sailing in the Gulf of Aden Swedish Club curbs H&M losses MUTUAL marine insurance provider Swedish Club said today it is on track to restore the profitability of its hull & machinery book Shippers told to keep costs low THE COUNCIL of Supply Chain Management Professionals is calling for European shippers to keep costs down by using best practice Newcastle escapes coal gloom NINE-MONTH figures for the New South Wales port of Newcastle show King Coal's reign is strengthening, despite widespread reports of a downturn in demand Buyers queue for Oz's Asciano UP TO 10 possible buyers are lining up for all or part of Asciano Group, owner of Australia's Patrick container terminals and Pacific National rail operations

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APRIL 21, 2009
S.C. Ports Awards Charleston Terminal Contract FedEx Wins Independent Contractor Ruling Cosco to Extend SE Asia Service BNSF Bridge Wins Recovery Act Funds Delta to Ground 14 Freighters Caterpillar Sees First Loss in 17 Years TWIC's Forgotten Few CN Taps Mongeau as Future CEO Kirk Sees Progress on Panama, Colombia Share Sale Boosts Deutsche Post Net India-Subcontinent-Europe-Service Gains Partner Coast Guard Prepares Piracy Directive Forward Air Posts $3.1 Million Loss Global Pirate Attacks Almost Double Brokers Add Risk with Expanded Services Court Dismisses Cross-Border Truck Lawsuit World Steel Production Plummets in 1Q

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APRIL 21, 2009
MSC to join SCI in ISE service CN Revenues fall in Q1 09 Port of Long Beach new fee postponed MOL expands Jacksonville service offerings Terex crane deal back on

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APRIL 21, 2009
MSC growing Bargain chartering spree narrows gap between the second-largest liner operator and AP Moller-Maersk. Search after crash Man missing after Houston collision between a line handling boat and a Cyprus-controlled open hatch carrier. Casualty file More ships manage to escape pirate attacks as fear of a trap almost causes a ferry tragedy. Samsun succeeds US federal judge gives South Korean shipping player Samsun Logix protection from creditors CSAV loses $265m Chilean liner operator reveals first-quarter loss and expects to be another $130m in the red for the second quarter. Suspect in NYC Maersk Alabama suspect arrives smiling in Manhattan to face charges for pirate attack. Subsea surprise Kristian Siem-led Subsea 7 beats market expectations in the first quarter as its bottom line holds firm. Less for Pettersen BW Gas CEO sees smaller bonus shrink his pay package as owner slices management pay by a quarter. Pirate play Indian internet company bids to capitalise on hero Maersk master with 'Saving Capt Phillips' game. Travel unit sold Cash-strapped cruiseship owner Ambassadors International sells off travel and events arm as it focuses on Windstar Cruises. Master abducted Nigerian gunmen board Turkish tanker chartered by Total and seize captain and chief engineer. Inspection spat UK-based cargo inspector 'not asked to test quality' of cargo at centre of Trafigura case in Nigeria. Attacks double Ships subjected to over 100 pirate attacks in the first quarter, with two seafarers killed and 178 held hostage, IMB says. Ice work Russia lines up $500m investment in new nuclear-powered icebreaker fleet by 2015. Partner revs up Norwegian car carrier newcomer Partner Shipping to start new Pacific vehicle and heavy cargo run. Trada's target Indonesian owner ready to spend $36m on six new tankers to enter products trade this year. Extra euro Estonia's Port of Tallinn sells EUR 20m of bonds to fund terminal expansion. Free at last Japanese-owned tanker Stolt Strength finally released by Somali pirates after over five months. Separator sins Two ships feature on March's Japanese detention list for oily water equipment faults. Bulker bonanza Khalid Hashim-led Precious sells second ship in a day to take its income from recent vessel sales past $30m. Master jailed Russia jails Indonesian captain of Chinese ship which sank killing eight after chase by warship. Seabourn boost Carnival's upmarket cruise unit says first quarter bookings at record level, but it has discounted heavily. Vopak stronger Dutch oil storage giant pushes up first quarter profit, with full-year figure expected to reach EUR 450m. Early payback Singapore's FSL Trust is making a voluntary loan repayment in a bid to placate its lenders. Mind the gap Consortium likely to bid EUR 14 a share for Irish ferry group ICG, way short of the EUR 18 sought by independent directors. Fee delayed US port of Long Beach pushes back plan for infrastructure cargo fee as weak volumes continue. Cruise airlift US Coast Guard helicopter takes female crew member from Carnival Legend with serious head injury. Strong takes VL Hong Kong-listed crude and petroleum trader has emerged as the buyer of Titan single-hulled VLCC Titan Neptune. Not for sale Atle Brynestad denies disposal of his SeaDream cruise business and says 2009 will be strong year. Waralee sold Thai shipowner Precious continues to offload its older vessels with sale of 1982-built bulker.

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APRIL 21, 2009
Pirate attacks still underreported CMA CGM, Maersk expand cooperation NEAS starts 2009 Arctic service Mullen to head new couriers' trade association CN: First quarter profit up 36% CN says Mongeau will replace Harrison in 2010 Obama praised for focus on U.S.-Colombia FTA USDA considers papaya imports from Colombia, Ecuador RILA fills supply chain policy post Long Beach port postpones fees MOL has new reefer monitoring system

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APRIL 21, 2009
Stolt Strength released after several months Somali pirates have released the chemical tanker Stolt Strength after holding the vessel for several months. The vessel was hijacked on November 10 off Somalia, while on route from Dakar Filipino vessels and seafarers banned from piracy waters Gloria Arroyo, President of the Philippines, has banned Filipino seafarers from serving on vessels sailing outside the security corridors in the Gulf of Aden and close to the Somali coast Mærsk to cut emissions A P Møller-Mærsk will reduce the emission levels on a new series of container carriers currently under construction at the South Korean shipyard Daewoo Heavy Industries. The series of Petrobras plans to order 240 vessels Brazilian oil giant Petrobras is about to order 240 offshore vessels in the next few years, the company's CFO Almir Barbassa told Reuters. Petrobras executives are in South Korea to Stiff terms for South Korean owners As much as 10 to 20 per cent of South Korea's 38 largest shipping companies will have to fight for their survival as local lenders are planning to put some Russian oil exports increase In the first quarter of this year, Russian ports handled a total of 110.6 million tons of goods, which is 4.5% more than during the same period last Novoship sells two ships The Russian tanker shipping company Novorossiysk Shipping Company (Novoship) has sold the 25,700 DWT bulk carrier Boris Livanov, built in Russia in 1986, and the 67,980 DWT crude oil tanker

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APRIL 21, 2009
Bunkerworld expands Caribbean coverage Point Lisas added to pricing service, including data on low sulphur fuel oil. European bunkers tumble by double digits Crude oil prices falling further in early trading on Tuesday. Shipping line backs LNG NYK wants to launch 'super energy efficient container ship'. Terminal operator sees profits climb Vopak reports healthy operating profit increases. Independent supplier wins Bunker Award Singapore award goes to a homegrown supplier. Hong Kong-listed trader buying VLCC for $24 million Plans to use the vessel as floating storage facility near Singapore. Bunker cost recovery 'essential' Container lines 'struggle' to cover costs. Asian bunkers down on lower crude oil prices Monday's plunge in crude oil prices felt across most Asian markets on Tuesday. Bunker slick causes pollution in Thai waters Slick believed to have come from a fishing vessel that sunk in the area 14 years ago. Land-based demo site to showcase scrubber technology Ecospec to demonstrate device it says can reduce emissions of four pollutants in one treatment process. O.W. Bunker appoints brokering accounts manager New position created to help build 'quality relationships with brokers'. Oil at $50 'can help' economy recover New investments to increase oil output needed to avoid another cycle of high oil prices, UAE says.