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Shipping News

Shippers seeking fair trading
A YEAR down the track from the repeal of the block exemption to anti-competition laws in the European Union (EU), the spotlight now turns to Asia, which Asian Shippers' Council (ASC) chairman John Lu says is the last battleground in the fight for fair shipping practices.
MPA and NOL unit set up exchange plan
THE Maritime and Port Authority of Singapore (MPA) and Neptune Orient Lines ship management arm NSSPL will work together on a new exchange programme to enable masters and engineers to develop their skills to meet new criteria for port state control (PSC) and flag state control (FSC) inspections.
Shipping too must address climate change
THE shipping industry has just over one month to go before it faces a crunch decision on future regulation of its carbon and other greenhouse gas (GHG) emissions.
Nippon Yusen cuts fleet plans, widens loss forecast
Daewoo wins US$460m bulk ship order
DryShips Q3 earnings beat estimates
World's biggest cruise ship offers activities galore

Strait Talk

Tough times ahead for shipping industry
TWO weeks ago, key players in the international marine fuel industry gathered at the Rasa Sentosa Resort for the 2009 International Bunker Industry Association (IBIA) Convention.

Motoring

More distributors eyeing used car business
MORE authorised car distributors are going into the used car business, and they are doing it mainly to tap growing demand for used cars and supplement the drop in new car sales.
Chevrolet owners get courtesy car service
CHEVROLET has launched a courtesy car service for customers of its bigger models - probably the first such programme rolled out by a mass market brand here.

web site

Shipping News

Shippers seeking fair trading
A YEAR down the track from the repeal of the block exemption to anti-competition laws in the European Union (EU), the spotlight now turns to Asia, which Asian Shippers' Council (ASC) chairman John Lu says is the last battleground in the fight for fair shipping practices.
MPA and NOL unit set up exchange plan
THE Maritime and Port Authority of Singapore (MPA) and Neptune Orient Lines ship management arm NSSPL will work together on a new exchange programme to enable masters and engineers to develop their skills to meet new criteria for port state control (PSC) and flag state control (FSC) inspections.
Shipping too must address climate change
THE shipping industry has just over one month to go before it faces a crunch decision on future regulation of its carbon and other greenhouse gas (GHG) emissions.
Nippon Yusen cuts fleet plans, widens loss forecast
Daewoo wins US$460m bulk ship order
DryShips Q3 earnings beat estimates
World's biggest cruise ship offers activities galore

Strait Talk

Tough times ahead for shipping industry
TWO weeks ago, key players in the international marine fuel industry gathered at the Rasa Sentosa Resort for the 2009 International Bunker Industry Association (IBIA) Convention.

Motoring

More distributors eyeing used car business
MORE authorised car distributors are going into the used car business, and they are doing it mainly to tap growing demand for used cars and supplement the drop in new car sales.
Chevrolet owners get courtesy car service
CHEVROLET has launched a courtesy car service for customers of its bigger models - probably the first such programme rolled out by a mass market brand here.

web site

Shipping News

Shippers seeking fair trading
A YEAR down the track from the repeal of the block exemption to anti-competition laws in the European Union (EU), the spotlight now turns to Asia, which Asian Shippers' Council (ASC) chairman John Lu says is the last battleground in the fight for fair shipping practices.
MPA and NOL unit set up exchange plan
THE Maritime and Port Authority of Singapore (MPA) and Neptune Orient Lines ship management arm NSSPL will work together on a new exchange programme to enable masters and engineers to develop their skills to meet new criteria for port state control (PSC) and flag state control (FSC) inspections.
Shipping too must address climate change
THE shipping industry has just over one month to go before it faces a crunch decision on future regulation of its carbon and other greenhouse gas (GHG) emissions.
Nippon Yusen cuts fleet plans, widens loss forecast
Daewoo wins US$460m bulk ship order
DryShips Q3 earnings beat estimates
World's biggest cruise ship offers activities galore

Strait Talk

Tough times ahead for shipping industry
TWO weeks ago, key players in the international marine fuel industry gathered at the Rasa Sentosa Resort for the 2009 International Bunker Industry Association (IBIA) Convention.

Motoring

More distributors eyeing used car business
MORE authorised car distributors are going into the used car business, and they are doing it mainly to tap growing demand for used cars and supplement the drop in new car sales.
Chevrolet owners get courtesy car service
CHEVROLET has launched a courtesy car service for customers of its bigger models - probably the first such programme rolled out by a mass market brand here.

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Shanghai became world's top container port in September MSC hikes Asia-Europe rate US$200/TEU from December 15 Cosco boss sees V-shaped downturn - 'much better next year' Chinese APM Terminals beat safety records company-wide Hard hit German non-operating owners seek Berlin's aid Maersk funds war chest through euro corporate bond sale Horizon Lines third quarter earnings fall 24pc Jaxport looks for more cargo, sees Charleston, Savannah as rivals UPS's third quarter profits plunge 43pc to US$549 million Panalpina falls 19pc in first 9 months, off 4pc last quarter South Carolina's ports plan stresses comparative advantages FedEx expands hub at Paris Roissy-Charles de Gaulle airport Air cargo operator Viktor Bout likely to avoid US arms extradition Blue Grass Airport names ex-Toledo airports chief executive director

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Allcargo acknowledged as 'Company of the Year' in logistics category Box shipping lines warily treading way out of gloom Tuscor Lloyds moves to Salford Quays to expand operations IR Class to certify St. Kitts & Nevis ships Shanghai Export Container Freight Index launched Baltic index climbs further Bharati Shipyard turnover up French Minister optimistic of resolving trade issues by year-end Fuel removal from capsized vessel off Paradip Port may take 4-6 weeks Safe Here & Everywhere; GTI drives message home Uniform GST need of the hour, emphasises CII Govt may lower MAT rates in modified DTC SLR hiked by 100 basis points Trade off between growth & inflation well balanced-Fieo Adani Enterprises to decide on bonus shares this Friday Stimulus packages to stay for now-PM Pranab for elaborate tax treaty with Switzerland

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OCTOBER 26, 2009
Peter Ramsauer is Germany's new transport minister Germany has a new transport minister in the shape of Peter Ramsauer, who has headed the national committee of the Christian Social Union in the German Bundestag up to now... Thai Airways betting on freighters Thai Airways International Cargo is using the economic slump as an opportunity for expansion. The carrier will be able to raise the frequency of freighter flights between Thailand ... UPS continues to suffer UPS, the world's largest parcel operator, recently reported its Q3/2009 results. The figures show a year-on-year fall in revenue of 14% or almost USD 2 billion to USD 11.15 bi... C.H. Robinson with higher profit C.H. Robinson, a logistics service provider based in Eden Prairie MN (USA), reported a Q3/2009 net profit of USD 95.5 million, 2% more than in the same months o... Panalpina Japan celebrates 40th anniversary 40 years ago Panalpina established its first delegation office in Tokyo. In the meantime the company has also opened offices in four other Japanese cities. Coinciding with the fort... RailRunner and Stone sign deal for Indian market RailRunner N.A. Inc, which develops and markets an advanced container-based intermodal transport system, has announced a ten-year collaboration agreement with Kolkata (India)-based... Burlington Northern Santa Fe Q3 results Burlington Northern Santa Fe Corporation (BNSF) in the USA reported quarterly earnings of USD 1.42 per diluted share, which included a USD 0.06 per share impact related to a f... Port of Houston and Liberia's NPA renew agreement The signing of a memorandum of friendship and trade cooperation between the Port of Houston Authority (PHA) and the National Port Authority (NPA) Systems of Liberia recently highli... New agent for cargo bound for Gabon M+S Mehrtens & Schwickerath GmbH has been named an agent for Hungary by the Council of Gabonese Shippers (Conseil Gabonais des Chargeurs), based in Libreville (Gabon), in... TransRussiaExpress offers optimised service The ro-ro service between Lübeck (Germany) and St Petersberg (Russia) operated by Finnlines Deutschland GmbH began calling at the port of Helsinki once a week on 24 October. The "T... Wilhelm Könntgen celebrates 60th birthday Wilhelm Könntgen, director of Emons Spedition GmbH, an internationally active transport, forwarding and logistics company, celebrated his 60th birthday on 23 October. Born in ...

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OCTOBER 27, 2009
Hard times for Japanese giants Braemar having bumper year Boston wants stimulus boost for cruise terminal, freight handling Major quartet order at Daewoo

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OCTOBER 27, 2009
Stabbert converts veteran OSV to DP2 construction vessel DSME books $460 million VLOC order

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OCTOBER 27, 2009
Maersk Lines' clause causing problems for lenders 'QUIET enjoyment clause' used to prevent banks from taking ownership and selling off distressed vessels. Exmar third quarter earnings plunge SLUMP in charter rates for gas carriers slash shipowner's turnover

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OCTOBER 27, 2009
Bulker warning for 2H10 DRYSHIPS believes that orderbook pressures could have a significant effect in the second half of next year, despite heavy delivery slippage Angola steps on the gas ANGOLA is accelerating its gasoline imports and Denmark's Torm is taking advantage, the tanker specialist said today Angola oil output bonus CHEVRON plans to increase its Angola oil output by a quarter over the next two years, the company says Spain to use armed guards Spanish shipowners can use armed private security guards on merchant ships operating in the Indian Ocean, the Spanish government has announced Moscow warned on pipeline plan MOSCOW has been warned that a cross-Turkey crude oil pipeline from the Black Sea to the Aegean will lead to the cancellation of a planned Bourgas-Alexandropoulos pipeline crossing Bulgaria and Greece

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OCTOBER 27, 2009
Norfolk Southern Profit Drops 42 Percent Senate Panel Approves TSA, FMCSA Nominees Paccar Profit Crashes 96 Percent OOCL Bumps Trans-Atlantic Rates Panel Backs Infrastructure Bond Switch Northwest Ports Box Decline Slows CMA CGM Hikes Rates Trucker Covenant Loses $13.6 Million Shipper Says Inventory Slashed After 'War Council' Acquisition Boosts Canadian Pacific Earnings DOT to Issue New Hours of Service Rule DP World Container Volume Falls 6 Percent MSC Hikes India Rates Maersk to Start UAE-Iraq Feeder Truck Maker Scania Profit Falls 85 Percent German Ship Owners Face Market Collapse Three Japanese Carriers Post Losses

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OCTOBER 27, 2009
Japanese trio deep in the red for H1 DP World sees signs of stability Maersk to start UAE/Iraq feeder shuttle Freight rates still down Maersk Eurobonds 'oversubscribed'

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OCTOBER 27, 2009
Exmar profits fall Gasship owner reports 40% drop in third-quarter profits as its LPG carrier fleet barely stayed in the red. Tallink tumbles Improved fourth quarter can't stop Estonian ferry group sliding to a full-year loss as cargo volumes fall. Tall tales? Sovcomflot fleet chief Andrey Sharikov denies he made up story that former boss Dmitry Skarga ordered him to destroy vital sale documents. Kamsars nixed? George Economou-led bulker and drilling unit owner appears to have cancelled two kamsarmax newbuildings. New Suape yard Recife-area port complex could get its another shipyard as the march of Brazilian yard proposals continues. $74m cig bust Millions of smuggled cigarettes found on German-managed multipurpose ship detained in Ireland. Boxship hit Japanese destroyer collides with South Korean feedership Carina Star off southern Japan. Both ships catch fire. $284m in the bag Hercules Offshore says it has received net proceeds of $284m from notes offering. Financing ahead DryShips operations chief "fairly confident" in ability to finance drillships pair once contracts are in place. Still in Pride John Fredriksen's Seadrill renews forward contracts for up to 9.5% stake in rival Pride International. Five in a row CSCL stretched year to date loss to $783m as it spends its fifth consecutive quarter in the red. Expansion slashed NYK takes a chain saw to ambitious fleet expansion programme as it plunges deep into loss. Cancelling costs Owners claiming to have gotten off lightly with newbuilding cancellations not being entirely truthful. Demo deals boom Braemar's scrap brokers 'will sell over one hundred ships this year', claims boss Alan Marsh. Scrutiny welcome Sovcomflot fleet chief Andrey Sharikov tells London court former boss Dmitry Skarga was happy for him to compare company's charter deals against market rates. Malta-bound Arctic Sea faces thorough inspection before expected handover to owner, Maltese authorities say. KGs clobbered A whopping 70% of idle boxships belong to German KG houses, report says Better quarter Hong Kong listed GSI posts stronger Q3 profit but nine month figures still scarred. DSME delight South Korean yard lands $460m VLOC quartet, its largest order in over a year. PGS misses Oslo-listed offshore player fall short of forecasts in the third quarter and trims full-year guidance. On target DP World will match market forecasts this year after volumes began to stabilise in the third quarter, says CEO Mohammed Sharaf. Inui tips more Japanese bulker owner piles 135% on to its first-half profit forecast. Bets beaten Kristian Siem's Subsea 7 tops analysts' estimates for the third quarter despite fall in operating profit. Braemar drops Revenues and profit down at Alan Marsh-led broker but broking transaction volumes "fully restored". NYK KO'd Japan's second biggest shipowner continues to struggle due to low cargo volumes and freight rates. Bunker surge Sales of bunkers in Singapore reach second highest monthly total in September, official figures show. MOL slips to loss Another of Japan's big shipowners sinks into the red on the back of the global economic slowdown. K Line crashes Japanese shipowner slips to a $480m loss in the first six months of the year on weak global demand. Pirates have pair Royal Navy warships pressed into action as Somali pirates confirm capture of British couple and yacht. TTA grabs Nemo Thai owner's offshore unit, Mermaid, buys Norwegian KG owner and its dive support newbuilding.

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OCTOBER 27, 2009
Japan's Big 3 see red Hamburg Süd ship in collision off Brazil coast Panalpina, Atlas renew air agreement COSCO CEO urges open trade for service sector ITC studies small, mid-sized U.S. exporters Kirk, Indian minister talk trade Nadler: N.Y.-N.J. port needs Brooklyn box terminal N.J. plans suit over Delaware River dredging

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OCTOBER 27, 2009
Forget restored liner conferences The EU Commission has no plans to restore the bloc exemption from competition rules for liner conferences, Hubert de Boca from the Commission's Competition Directorate told the European Maritime Law's Korean stake in new Russian shipyard The state-owned Russian shipbuilding group United Shipbuilding and Korean Daewoo have agreed on a joint-venture, with United having a controlling stake, to create a new shipbuilding facility in Concrete plans for ferry connection Gotland ' Baltic States 2010 The Swedish island of Gotland is close to having a regular ferry service also eastwards. The board of the municipality has decided to support a project linking the island's port

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OCTOBER 27, 2009
Prices falling for second day Rotterdam seeing lower numbers but tightening avails. Energy companies brand emissions targets 'delusional' Politicians urged to 'be realistic about shift from fossil fuels to cleaner energy'. Hong Kong: Focus is on solar hybrid vessels Owners could start saving in just two years, says company. MOL predicts 28% increase in bunker prices Another Japanese shipping line warns of firming bunker market. Middle Eastern hub sees prices fall South Africa, however, reporting firmer numbers. 'Hybrid' warship commissioned US Navy says its newest ship has already saved more than $2 million in fuel costs. Fire at storage facility under investigation Blaze said to have cost Puerto Rico at least $6.4 million. Shipping line expects bunker prices to climb NYK predicts 30% increase in fuel costs for the second half of its current financial year. Environmental groups call for more taxes on fuel British prime minister told: 'Don't allow' officials to block green tax initiative. Prices firm in Busan and Port Klang Bunkers in other key Asian ports were weaker. Asia to see slightly more fuel oil in November December arbitrage volumes expected to match November volumes. Oil forecast at $74 in 2010 Poll revises oil price up slightly in view of a stronger economic outlook. S Korean bunker sales 'hit' this year Sales down about 30% compared to previous year, trader says. Vitol to buy Antwerp refinery Vitol says deal 'will add significant storage capacity' to its existing terminal business.