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Shipping News

Opportune time to regroup
THE current global economic crisis and accompanying slowdown in the oil exploration boom, gives the offshore and marine industry the chance to take a welcome breather and is also a good time to enhance capabilities and develop human resources during the lull. Rig building giant Keppel Corp has early on realised the importance of capacity building and research in slow times and during the last slowdown in the early 2000's pushed for the setting up of a dedicated research centre for the industry at the National University of Singapore (NUS).
Bankrupt Danish shipper seeks US protection
Atlas Shipping A/S, a Danish commodity-shipping company, asked for United States bankruptcy protection as it seeks to reorganise overseas.
Sailor dead in pirate attack off Cameroon
A Greek sailor was shot dead by pirates off the coast of Cameroon over the weekend, the state radio broadcaster said on Monday, the latest in a series of attacks on shipping in African waters.
Cargo ships on European routes to get red-tape relief
DP World reviews expansion, cuts costs
Counting on a tall ship to lift a weak economy
Baltic Dry Index posts 5th straight gain on iron ore ships

Strait Talk

Reducing shipping's carbon footprint
THE biggest environmental issue facing the shipping industry is what it should do, if anything, to reduce its emissions of carbon dioxide (CO2), one of the 'greenhouse gases' believed to be responsible for global warming.

web site

Shipping News

Opportune time to regroup
THE current global economic crisis and accompanying slowdown in the oil exploration boom, gives the offshore and marine industry the chance to take a welcome breather and is also a good time to enhance capabilities and develop human resources during the lull. Rig building giant Keppel Corp has early on realised the importance of capacity building and research in slow times and during the last slowdown in the early 2000's pushed for the setting up of a dedicated research centre for the industry at the National University of Singapore (NUS).
Bankrupt Danish shipper seeks US protection
Atlas Shipping A/S, a Danish commodity-shipping company, asked for United States bankruptcy protection as it seeks to reorganise overseas.
Sailor dead in pirate attack off Cameroon
A Greek sailor was shot dead by pirates off the coast of Cameroon over the weekend, the state radio broadcaster said on Monday, the latest in a series of attacks on shipping in African waters.
Cargo ships on European routes to get red-tape relief
DP World reviews expansion, cuts costs
Counting on a tall ship to lift a weak economy
Baltic Dry Index posts 5th straight gain on iron ore ships

Strait Talk

Reducing shipping's carbon footprint
THE biggest environmental issue facing the shipping industry is what it should do, if anything, to reduce its emissions of carbon dioxide (CO2), one of the 'greenhouse gases' believed to be responsible for global warming.

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Chongqing to build China's first hinterland bonded port area Zhanjiang port's 2008 cargo volume tops 100 million tons Biggest cold-storage centre in western China building starts Minor red tape holding up shovel for new NJ container terminal English MEPs say UK port handling charges risk trade loss SBS Worldwide speeds up box deliveries, greens supply chain Boxes to be moved to ease congestion at Lagos ports DHL demise in Wilmington boosts BAX Global in Toledo January 29 set for Alitalia cargo asset sale, includes 5 planes DHL Express HK, Taiwan names Connie Tang managing director

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Master of LCL consolidation, Vini set to expand FCL activities Bharati Shipyard to build LNG-fuelled ro-ro ships for Norwegian firm Move to double import duty on steel products Baalu reviews progress in implementation of port projects Irregularities in Machilipatnam Port Ltd coming under scrutiny CCTV system installed at Paradip Port Vizag Port marches ahead despite global meltdown MbPT seeks CISF security GDL has a good run; stays optimistic Pound at 7-years low vs rupee RBI keeps key rates unchanged PM's panel projects more realistic 7.1 pc GDP growth rate Lord Mandelson asks India to lead from the front in global arena Road projects given a short cut; to get 40 pc viability gap funding Padma Shri conferred on Fieo President G. K. Gupta back at SRTEPC helm

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JANUARY 27, 2009
Fishing vessel skipper shot dead off Cameroon MOL in VLGC pool Marseille volumes stable depsite strike EMS's hush hush deal

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JANUARY 27, 2009
Cascade General gets MSC award Vessel sales boost OSG liquidity Shipping woes hit marine underwriters Erie Shipbuilding closes doors

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JANUARY 27, 2009
Suez Canal hit as CMA CGM considers bypass plans FRENCH carrier is to divert all appropriate sailings round Cape of Good Hope because of huge cost savings. Pacific Carriers to cut out Suez Fredriksen unhappy with BW Gas overhaul plans JOHN Fredriksen's investment vehicle Geveran has voiced concerns over the planned share issue, according to analysts. OSG raises $387m in asset transactions TANKER owner raised about $387m in asset transactions in the first quarter of 2008 and the fourth quarter of 2009.

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JANUARY 27, 2009
Floating storage crude sold ROYAL Dutch Shell has sold 600,000 barrels of crude to Vitol that was stored aboard the Frontline VLCC Oliva ' possibly the first sign of an unwinding 'contango' trade Cautious BDI crawls over 1,000 THE BALTIC Dry Index clawed back past 1,000 points today, for the first time since it plunged below that level in late October 2008 Houston port boss to retire H THOMAS Kornegay will retire as executive director of the Port of Houston on 1 February RIP Gardenia Ace MOL'S Gardenia Ace was identified today as the first victim in a push by Japan's Big Three to scrap 10% of their vehicle carriers 100% box scanning weighed anew A US WATCHDOG office is studying the feasibility of the law requiring all US-bound containers to be scanned before leaving ports, Fairplay was told today OSG provides fleet update OVERSEAS Shipholding has released an overview of recent tanker sales and sale-leaseback deals as well as deliveries and charter cancellations US judges heat up port truck fight US JUDGES have ratcheted up the legal row over the state's push to rid its ports of older heavy vehicles

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JANUARY 27, 2009
Vancouver port union talks to resume Off-and-on contract talks to resume between union foremen and waterfront employers under federal mediation in early February Don Welch, longtime S.C. port director, dies at 78 Profit up for Norfolk Southern Houston's Kornegay to retire Japan plans to launch US-backed port security program Torok named president of UPS Freight Forwarding MOL to scrap 17 ships Emirates hikes rates on India-ME-East Africa service Hellmann selects GT Nexus FMC cancels meeting New Marseilles port chief

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JANUARY 27, 2009
India halts Chinese toy imports Bigger Panama Canal will change trading patterns Davos beckons for world leaders Long Beach port boosts security with new network PANY/NJ to incentivise rail traffic

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JANUARY 27, 2009
French foil attack Navy helicopter repels reported pirate attack of suezmax tanker African Ruby off Somalia. SBM profit down FPSO player sees 15% decline in annual profits and pays half of dividend in shares ahead of uncertain year. OSG logs sale cash Tanker owner reveals panamax sale and two cancelled charters as it tallies $287m in cash from two quarters of vessel sales. Genco downgrade After dividend suspension and loan renegotiation, Oppenheimer analyst cuts rating on bulker owner. Bro to leave OMX AP Moller-Maersk unit pushes Brostrom to de-list its shares and calls for new board. Atlantico on top Brazilian yard Atlantico Sul emerges as lowest bidder for four suezmaxes and three aframaxes for Transpetro. Canucks chill out Hundreds of passengers on two ships stranded by ice on Canada's St Lawrence River. Costs hurt Varun Bunker and personnel expenses take sheen off improved sales at Indian owner in third quarter. Indian takeaway New calls for removal of bulker left to rot after grounding on Goa beach nearly nine years ago. Propeller problem Report finds bulker grounded off Tasmania in 2007 because reduced draft left propeller less effective. We're off About 95% of workers at Poland's Gdynia Shipyard have taken redundancy packages ahead of sell-off. Survival strategy Boss of Europe's largest shipbuilder refuses to sign loss-making contracts. Gas buddies Gulf LPG strengthens ties with MOL by forming pool to commercially manage 16 VLGCs. Genco cuts Peter Georgiopoulos-led bulker owner axes dividend as it re-jigs $1.4bn loan to keep capesize newbuildings. SCI triumphs Indian state owner pushes up nine-month profit thanks to tankers and bulkers, but box shipping posts loss. Ready to spend? BLT's CFO Kevin Wong says owner might splash $280m on LNG and chemical tanker tonnage this year. Hard landing Canadian ferry suffers damage to "sacrificial appendage" after berthing a little more forcefully than passengers expected. Cashing in Italian government could raise up to EUR 300m by finally selling 49% of shipyard group Fincantieri.

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JANUARY 27, 2009
CMA CGM-China Shipping string to avoid Suez Canal Auld new CMA CGM gulf region executive Gas carrier pool formed Cathay adding flights to 3 destinations DHL expands Mexico gateway LAN Cargo penalized for price fixing Con-way reports 4th quarter los CP's fourth quarter profits fall DHS confirms no delay for "10+2" WTO sides with U.S. on China IPR deficiencies U.S. specialty crop block grant protected American Cargoservice represents BDP Project Choice provides parts logistics to Jabil Horizon Logistics enters the NVO business ATA president defends clash with LA ports 4 vie for Philadelphia container terminal PNW ports volume down in 2008

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JANUARY 27, 2009
New Göteborg ' Russia feeder service Wallenius Wilhelmsen Logistics has chosen the Port of Göteborg as the transit port for cars and other vehicles from the USA and Asia destined for the Russian market. A new feeder service has commenced between Göteborg and the ports in ... Extraordinary meeting in Broström Tanker owner/operator Broström has convened an extraordinary general meeting on 19 February. Maersk now holds 97.3 per cent of the shares and 98.3 per cent of the votes in the company. The proposed new board consists of ... Pirates released the Biscaglia The chemical tanker Biscaglia has been released by the Somali pirates who hi-jacked the vessel in October even though the vessel had security guards on board; the guards who had to jump overboard. The owner, Industrial Shipping Enterprises Corp ...

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JANUARY 27, 2009
Bunker prices still firming Prices up across Europe despite weakening crude oil futures. Bunker costs still hitting profits Indian operator squeezed by fuel and salary costs. Market improving as refiner returns South African traders already noting much better supply and more enquiries. Old lube barges to be phased out Fujairah calls time on single hull tankers below 600 dwt. Philippine liners to cut bunker surcharges Operators were still raising surcharges in September 2008.