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Shipping News

STX Pan Ocean wins record iron-ore deal
South Korea's leading shipper of bulk cargo said yesterday that it has clinched a US$5.84 billion deal with Brazil's Vale to transport iron ore, calling it the world's single largest contract of its kind.
VLCC supply falls for 2nd week
A glut of supertankers competing to ship Middle East crude shrank for a second week as unprofitable lease rates prompted owners to anchor some vessels and sail others more slowly.
Clean tanker rates rise to 7-month high
Clean petroleum tanker rates on top global export routes were mixed on Monday with tight vessel supply pushing rates on routes to Japan to a seventh-month high. Typical Long Range 2, 75,000 tonne shipments from the Middle East Gulf (MEG) to Japan rose to W104.55 from W98.00 last week and was at its highest since Feb 23. Smaller Long Range 1, 55,000 tonne loads strengthened to W119.09 or US$14,919 a day, from W104.92 or US$10,719 a day last week and was at its highest since Feb 25.
Baltic Dry Index extends decline on glut of vessels
Colombian coal to gain from Panama expansion

Strait Talk

Arctic short-cut still perilous
THIS week's column is about the Arctic Sea. However, I must disappoint those who may I assume I am about to reveal exclusive insights about the strange saga of the cargo ship of that name, apparently hijacked a month ago and still languishing somewhere near Las Palmas.

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Shipping News

STX Pan Ocean wins record iron-ore deal
South Korea's leading shipper of bulk cargo said yesterday that it has clinched a US$5.84 billion deal with Brazil's Vale to transport iron ore, calling it the world's single largest contract of its kind.
VLCC supply falls for 2nd week
A glut of supertankers competing to ship Middle East crude shrank for a second week as unprofitable lease rates prompted owners to anchor some vessels and sail others more slowly.
Clean tanker rates rise to 7-month high
Clean petroleum tanker rates on top global export routes were mixed on Monday with tight vessel supply pushing rates on routes to Japan to a seventh-month high. Typical Long Range 2, 75,000 tonne shipments from the Middle East Gulf (MEG) to Japan rose to W104.55 from W98.00 last week and was at its highest since Feb 23. Smaller Long Range 1, 55,000 tonne loads strengthened to W119.09 or US$14,919 a day, from W104.92 or US$10,719 a day last week and was at its highest since Feb 25.
Baltic Dry Index extends decline on glut of vessels
Colombian coal to gain from Panama expansion

Strait Talk

Arctic short-cut still perilous
THIS week's column is about the Arctic Sea. However, I must disappoint those who may I assume I am about to reveal exclusive insights about the strange saga of the cargo ship of that name, apparently hijacked a month ago and still languishing somewhere near Las Palmas.

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Hanjin Shipping to commence two India, Middle East services Evergreen to hike North America to Asia, Oz, Mideast rates APM Terminals expands partnership with Vinalines Singapore upbeat as August box traffic up 3pc month to month Russian ship Arctic Sea said to hold no secret cargo Damco unveils new LCL service from Asia to Baltic states Protectionism and/or IP rights key to Indonesian cosmetics seizure Qingdao Airport launches truck service to Yantai Processing Area China Southern launches Shenzhen-Taiwan freight service Parchim Airport approved to set up bonded container yard TSA final rule for 9/11 cargo screening mandate

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Change of guard at fffai Dip in Asia-Europe box trade less steep at 17 pc in July-ELAA Spotlight to be on GST regime's impact on mfg, logistics sectors MPEDA launches freight aid scheme to boost seafood exports Three-fold rise in gold imports Alpha Vinimay to build 1 multipurpose dry cargo berth at Kandla Port in 2 years Vizag Port Trust proud recipient of Safety Award National awards instituted for excellence in urban transport Cabinet gives green signal to Japanese loan for 1st phase of DFC project S. K. Sharma elected President of Kakinada Customs Clearing & Forwarding Agents' Assn Navi Mumbai SEZ seeks softer terms IMC's 6th 'India Calling' conference to be held in Brussels from Sept. 30 Seminar on Managing Risk at IMC today Fieo meet on FTP, direct tax code today

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SEPTEMBER 21, 2009
Commercial Freight Services is newest member of GPLN 21. September 2009 Commercial Freight Services Inc, headquartered in Manila (Philippines), is the newest member of the Global Project Logistics Network (GPLN). Commercial Freight Services is an old a... Damco opens new office in Zimbabwe The freight forwarder Damco has announced that it will open a new office in Harare (Zimbabwe) in October. Damco is the result of the integration of the company's supply chain ... Schenker International appoints Henry Schmidl as new director of ocean freight, South China Henry Schmidl has been installed as director of Ocean freight, South China, at Schenker International (H.K.) Ltd, effective from 21 September. Prior to his work... Colombo Dockyard receives USD 61 million contract Colombo Dockyard, based in Sri Lanka's port of Colombo, has received a USD 61 million contract from an unnamed Singaporean owner to build two anchor handling tug supply vessel... Deep sea box trades signs of recovery at Marseilles Fos Container throughput at the French port of Marseilles Fos reached 583,779 teu at the end of August, a 4% increase over the first eight months of last year. While a s... Bertschi Group certified according to GMP+ and ISO 22000 Transports for the food and feed industry are an integral part of the global manufacturing, sourcing and supply chain processes. After a series of food scandals and contaminations ...

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Oh Kong-Gyun: Asia needs more influence NITC: "we do not have armed guards" Deal on Stena newbuilds "Pirate attacks set to rise" ICS launches website on CO2

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SEPTEMBER 22, 2009
Austal completes CotaiJet deliveries Carnival nets $1.1 billion in third quarter VT Halter gets second OSG ATB order Maersk Line LImited awarded Army contract

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SEPTEMBER 22, 2009
Hamburg ship valuation formula adds up, says PwC SHIP valuation standard now fulfils the strict standards of German auditors' association. Glenda cancels third newbuilding at SLS D'AMICO Shipping and Glencore joint venture cancels third product tanker newbuilding at SLS citing excessive delays Creditors arrest GA Ferries fleet GREEK ferry line GA Ferries is fighting for survival after creditors hold all eight of its ships. Carnival lifts annual profit forecast GROUP bullish after posting higher than expected third quarter earnings.

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SEPTEMBER 22, 2009
Cruise yard prospects dim CARNIVAL chairman Micky Arison conceded today that no newbuild orders are likely to be placed with yards this year NASDAQ could eject Aries ARIES Maritime Transport, which is in the midst of a takeover bid by Grandunion, disclosed the threat of a NASDAQ delisting today PwC blesses Hamburg scheme GERMAN shipping banks and shipowners may be able to avoid crippling asset writedowns following approval of the new Hamburg Ship Evaluation Standard by PricewaterhouseCoopers Wal-Mart: choppy seas ahead BOXSHIP operators facing overcapacity shouldn't expect much help from the consumer demand side, a Wal-Mart executive told Fairplay P&O Cruises sells Artemis P&O Cruises has sold the Artemis, as Carnival Corporation continues to renew its European fleet with newbuilds and divest older tonnage Beware 'vicious circle' at yards FUNDING for European shipyards to build ships will create a damaging subsidies race, Fairplay was told today Danish consumers confident A DANISH survey has shown that the country's consumers are becoming increasingly optimistic for their country's prospects, IHS Global Insight reported today

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SEPTEMBER 22, 2009
Obama Taps DHS's Bersin for Customs Evergreen Boosts Europe-Asia Rates Senators Weigh Short Highway Bill Extension FedEx Express to Take Delivery of First 777 Freighter China Appeals WTO Film Import Ruling U.S. Steel Imports Plunge 13.8 Percent Freight Veteran Ryan Joins Sales Agent Longshoremen Seek New Contract Meeting OOCL Bumps Rates Up States to Lose $8.7 Billion in Highway Funds FreightCar Earns $7 Million in Second Quarter DHL Says Global Impact of U.S. Overhaul Limited Coast Guard to Host Meetings on Ballast Water Panalpina to Distribute Parts for Krones House Eyes Extensions for FAA, Highways MSC Boosting Rates on Caribbean Shipments FedEx Freight's Duncan to Retire Hanjin Launches Two Intra-Asia VSAs Maersk Line's Kolding to Address 2010 TPM Babcock & Brown Infrastructure Eyes Rival Rescue Offers

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SEPTEMBER 22, 2009
Maersk Kendal: 'still aground' off Singapore Tampa on the up Felixstowe scoops rail freight 'Business of the Year' award

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SEPTEMBER 22, 2009
TK estimates cut Maxim Group analyst expects Vancouver tanker owner to post an annual loss. Seacor prices Charles Farbrikant-led Seacor Holdings to net $246m in sale of notes. Vale deal sealed STX Pan Ocean says it has signed a consecutive voyage contract with Vale worth $5.84bn. Carnival brightens Micky Arison-led cruiseship owner beats its own expectations and raises earnings forecast for 2009. Gehegan to lead Ronald O'Kelly to leave US Shipping Partners as the company emerges from bankruptcy, with the COO taking the reins. Owner left no will Tanker king Loucas Haji-Ioannou revealed to have died intestate as family feud with John Frangos continues. Spirit lift USCG forced into medication drop and airlift of seriously ill passenger from Carnival ship. Eike eyes Vale Brazilian tycoon Batista mulls buying into iron ore exporter as he prepares to construct big new shipyard. Link mended Ferry service between Russia and disputed territory of Abkhazia is restored. Lone default Canada detains just one ship in August for failing safety inspections. Ro-ro ready Gujarat Maritime Board attracts six bidders to run Dahej-Ghogha ferry link. More changes Alexander Papachristidis-Bove new chairman of Hellespont's Greek wing which gets streamlined. A little more Tanker tycoon ups stake in German cruiseship and liner player TUI to 19%. Saving with Sam An inch here and there cuts a $3.5m shipload of costs for Wal-Mart. Shipping swindle Tanzania probes state officials who claimed $9m was still owed by defunct ship agency to container line MSC. ABP fined UK ports operator will pay '266,000 plus costs after death of worker hit by truck as ro-ro unloaded. Axe swings More than 10% of jobs to go at Port Otago in New Zealand after volumes drop. Rates up again Evergreen continues rate restorations with cost of shipping boxes eastward from Europe bumped up. More for Maersk Danish container giant presses on with rate rises, this time from Asia to South America. CIC in at Noble Chinese sovereign wealth fund is taking a 14.5% stake in Hong Kong trader and bulker player. Satellite sells US hedge fund offloads more than half its holding in Oslo-listed rig and drillship owner Northern Offshore. Cash pipe Norwegian owner Acergy wins $110m deal to lay pipeline off Angola, tying up three vessels next year. Diver death Body of 21-year-old recovered off Singapore's Jurong West Anchorage after he goes missing. Ferry friendly LD Lines charters ship to rival Celtic Link to maximise utilisation on new Ireland to France route. Swiber extends Singapore-listed offshore contractor renews lease for Tuas shipyard until 2021. Car carrier stalls Italian owner Grimaldi's car carrier Repubblica di Roma freed after grounding in Chesapeake Bay. Fire Island fire Passengers safely evacuated from New York ferry after blaze breaks out in engine room. Koreans team up Liner operators form two new services to target container trades to India and the Middle East.

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SEPTEMBER 22, 2009
Customs withdraws Jones Act proposal Seacor sells $250 million in notes Hanjin, Hyundai swap slots on Asia/USEC ships Firm introduces "stealthy" container lock JDA Software offers new TMS Jones named TradeBeam president Trade Symposium registration set for Oct. 1 Descartes starts Global Customs Filing working group Hove named Shipco's global accounts head Groundbreaking for New Jersey terminal

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SEPTEMBER 22, 2009
Two newbuildings to Maersk Supply Maersk Supply Service took delivery of two newbuildings on September 18, M'rsk Traveller and M'rsk Logger. The M'rsk Traveller was delivered from STX Norway Offshore AS, Brattv'g. The vessel is Piracy attacks in South China Sea increases South China Sea piracy hits five year high with at least ten reported attacks this year, so far. More reported cases are still being verified, says a ReCAAP (regional cooperation New CFO in A. P. Møller-Mærsk Norwegian Trond Westlie will take up the position as Group CFO of A.P. Møller-Mærsk A/S on 1 January 2010. He comes from a position as CFO and Executive Danish owners oppose state aid to shipping The Danish Shipowners' Association opposes European state aid to shipping. "We will fight this to the bitter end", says Jan Fritz Hansen, Vice President in the Danish Shipowners' Association. The Norden bulker saved 13 crew members from sinking ship The D/S Norden controlled bulk carrier Nord Explorer rescued the crew of 13 from the German controlled container carrier Pacific in the Southern Atlantic, as the latter one started

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SEPTEMBER 22, 2009
Bunker prices in Europe fall further Southern Europe sees the biggest declines. New headquarters for Caribbean fuel specialist New entity C-Fuels America now handling all international inquiries from Miami. EU official clarifies low sulphur directive Scrubbing systems can be used to comply with European rules for ships at berth. Operator works on 'next generation' ferry Also working on methods to improve fuel efficiency on existing fleet. Bunker spill in Gibraltar Spanish mayor says 'once again' environment is suffering. Bunker prices in Asia continue to slide Most ports report improved demand. Government urged to 'rescue' Zim Zim's financial health is of 'national interest'. Grounded tanker freed Potential oil spill averted in Philippine waters. Total warns of oil shortage Insufficient investments to tap into available oil reserves. Hambantota project 'can spearhead' developments Bunker terminal should be operational in the first quarter of 2011.