BRIEFS

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Shipping News

Getting on the road to recovery
SINCE around September 2008, the global credit crunch has been dominating business headlines and gripped every industry worldwide.
A helping hand for crews
AS the use of electronic aids increases in the shipping industry, voyage planning and fleet management systems are becoming staple tools for ship managers and fleet owners.
Baltic Dry Index won't rebound till 2011: Nomura
The Baltic Dry Index, a measure of world trade that collapsed a record 92 per cent last year, won't rebound until 2011, Nomura Holdings Inc said.
US ship captain to testify before Senate on piracy
Cosco eyes tanker listing
Junk rammed by freighter off Taiwan

Strait Talk

What shall we do with a drunken sailor?
MENTION of the word criminalisation will probably lead many readers to suspect this week's column will be about the Hebei Spirit saga and last week's ruling by the Korean Supreme Court.

Motoring

How about a motor risks bureau?
LAST year, the motor insurance industry lost over $200 million, leading many underwriters to increase premiums and many unhappy motorists with clean driving records to cry foul.

web site

Shipping News

Getting on the road to recovery
SINCE around September 2008, the global credit crunch has been dominating business headlines and gripped every industry worldwide.
A helping hand for crews
AS the use of electronic aids increases in the shipping industry, voyage planning and fleet management systems are becoming staple tools for ship managers and fleet owners.
Baltic Dry Index won't rebound till 2011: Nomura
The Baltic Dry Index, a measure of world trade that collapsed a record 92 per cent last year, won't rebound until 2011, Nomura Holdings Inc said.
US ship captain to testify before Senate on piracy
Cosco eyes tanker listing
Junk rammed by freighter off Taiwan

Strait Talk

What shall we do with a drunken sailor?
MENTION of the word criminalisation will probably lead many readers to suspect this week's column will be about the Hebei Spirit saga and last week's ruling by the Korean Supreme Court.

Motoring

How about a motor risks bureau?
LAST year, the motor insurance industry lost over $200 million, leading many underwriters to increase premiums and many unhappy motorists with clean driving records to cry foul.

web site

Shipping News

Getting on the road to recovery
SINCE around September 2008, the global credit crunch has been dominating business headlines and gripped every industry worldwide.
A helping hand for crews
AS the use of electronic aids increases in the shipping industry, voyage planning and fleet management systems are becoming staple tools for ship managers and fleet owners.
Baltic Dry Index won't rebound till 2011: Nomura
The Baltic Dry Index, a measure of world trade that collapsed a record 92 per cent last year, won't rebound until 2011, Nomura Holdings Inc said.
US ship captain to testify before Senate on piracy
Cosco eyes tanker listing
Junk rammed by freighter off Taiwan

Strait Talk

What shall we do with a drunken sailor?
MENTION of the word criminalisation will probably lead many readers to suspect this week's column will be about the Hebei Spirit saga and last week's ruling by the Korean Supreme Court.

Motoring

How about a motor risks bureau?
LAST year, the motor insurance industry lost over $200 million, leading many underwriters to increase premiums and many unhappy motorists with clean driving records to cry foul.

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MOL profit falls 33pc to US$1.3 billion, but sales only down 4pc Port of Shenzhen quarterly container volume down 21pc COSCON launches service to US west at Fuzhou Tianjin enjoys 4.3pc year-on-year increase in March Dalian quarterly box volume off 2.8pc, but rises in March JPMorgan to buy low, sell high in distressed ship buying market Grand Alliance switches to Rotterdam, dumps Amsterdam MSC to join Shipping Corp of India's ISE service Lagos congestion eases as volume drops and overstaying boxes moved UPS profit falls 55.7pc to US$401 million, but sees upturn next year St Petersburg quarterly volume drops 27pc, boxes off 38pc Aeroflot and Air Madagascar to offer flights to Guangzhou Air China denies merger, plans spending US$4.4 billion this year next DHL wins five accolades at Asian Freight & Supply Chain Awards

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Maersk Line wins 3 major awards The big opportunity in coastal shipping TKM opens office in Shanghai Mercator Lines wins 2 awards at Singapore Atlas Shipping Group holds interactive managers' meet in capital Grand Alliance bestowed 'Best Container Shipping Alliance' Award NYK's liner division achieves AEO status in Benelux Textile exporters scout for alternative markets to US & Europe Apeda issues fresh guidelines for mango exports Anti-dumping duty imposed on cold-rolled steel products imported from EU, US & China Safeguard duty on uncoated & copy paper imports proposed MoS asks Major Ports' Chairmen to enforce reduced manning scales 10 pc growth in direct tax collections seen India weathering economic storm-Ahluwalia Govt ready to buy bonds worth $ 10 bn to enhance capital base of IMF BRIC seeks increased role in IMF affairs OECD too calls for crackdown on tax havens

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APRIL 27, 2009
CMA CGM's 9,600 teu "Ivanhoe" calls at Dunkirk The "CMA CGM Ivanhoe" containership, deployed in CMA CGM's FAL 3 French Asia Line, called at the port of Dunkirk's NFTI container terminal in mid-April. Built in 2008, the 9,658 te... Smooth implementation of transport worker car in port of Tacoma Terminals and port facilities have report smooth implementation of the transportation worker identification credential (TWIC) since it became mandatory at the port of Tacoma in Feb... Market share of ocean freight providers has grown Dr Thomas C. Lieb, chairman of the board of Essen-based German company Schenker, told delegates to the recent CI Global Liner Shipping conference in London that ocean freight forwa... Another feeder service from Hamburg launched by Hyundai A regular Hyundai Merchant Marine (HMM) feeder service now links Hamburg with St Petersburg every 14 days. The "Robert" feeder ship puts in at the container terminals of the port o... Ryder System reports drop in revenue US freight, logistics and supply chain management company Ryder System has reported net earnings of USD 6.8 million in Q1/2009, compared with USD 56.1 million in the first quarter ... GLS expanding in Rotterdam GLS Netherlands has tripled capacities at its Rotterdam location, adding 10,000 sqm that will enable the logistics service provider to expand its parcels and freight handling areas... Geis group reaches record sales figure The Geis group, headquartered in Bad Neustadt near Nuremberg (Germany), generated the highest sales in its 60 year history in 2008. The international logistics service provider's n... New WWL vehicle processing centre in Zeebrugge Scandinavian logistics provider Wallenius Wilhelmsen Logistics (WWL) has opened a European vehicle processing centre (VPC) in Zeebrugge (Belgium). The company has invested EUR 8.5 ... K Line receives environment citation K Line has been recognised for its contribution to conserving the environment in 2008 by the US port of Long Beach, which has been promoting voluntary ship speed reduction to curb ... South Carolina programme to reduce truck emissions Trucks serving the US port of Charleston are getting cleaner and greener through a new programme that reduces truck emissions while saving companies money on their fuel bills. Unde... Burlington Northern's quarterly dividend The Burlington Northern Santa Fe Corporation will pay a quarterly dividend of 40 cents per share on outstanding common stock. Common shares outstanding on 31 March totalled approxi... SIA Cargo opens Sharjah airport office Singapore Airlines Cargo (SIA Cargo) and its regional sales agent SNTTA Cargo have opened an office and regional hub at Sharjah airport's freight centre. It will administer charter...

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APRIL 28, 2009
Stolt Strength on way to Oman European SAFEDOR risk-based design project completed Finnlines sells Finnhansa Mitsui OSK Lines profit down Cruise ship repels pirates with armed response ITF calls on IBF to extend Somali danger zone

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APRIL 28, 2009
Colonna's starts on five-year S.I. Ferry contract First quarter red ink at Jeffboat 112 m Incat set for Dover-Boulogne service

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APRIL 28, 2009
Owners jittery as Maersk Alabama steward sues over pirate attack PROSPECT of hefty payouts could deter owners from sailing through the Gulf of Aden and Suez Canal. US piracy charge Somali faces life for Maersk hijack Metrostar strikes deal to stall delivery of suezmaxes GROUP negotiates delays to last two units in a series of newbuildings under construction at Hyundai Samho. Evergreen profits collapse EVERGREEN Marine Corp suffered huge drop in profits for 2008 as freight rates declined.

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APRIL 28, 2009
Danaos secures newbuild reprieves CONTAINER ship owner Danaos Corporation disclosed new details today on 15 newbuild delivery delays Seafarer sues over hijacking A LAWSUIT filed by the chief cook aboard Maersk Alabama has alleged that Maersk Line and his employer "knowingly sent him into pirate-infested waters near Somalia." NYK's profits crash to $57M NYK HAS announced that net profits for the year to the end of March fell by more than half year on year Bilbao yard unions strike pay deal SUBCONTRACTED yard workers today returned to work at La Naval yard in Bilbao after talks involving unions, subcontractors and yard owner Construcciones Navales del Norte ended a strike Beware piracy per head THE COST-per-head potential of a successful cruise ship hijacking is the reason governments encourage cruising companies to avoid transits in pirate zones, a conference heard today in London Seaspan slashes dividend SEASPAN cut its quarterly dividend today and issued a stern public message to counterparty CSAV of Chile

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APRIL 28, 2009
Fitch Lowers Alameda Corridor Rating Panama Canal Upgrades Tugboat Fleet Coast Guard Published Mariner ID Rule Legislation Would Set Mandatory Port Security AMB Property Lost $122 Million in First Quarter Seattle, Tacoma Box Volumes Drop Seaspan Swings to Profit Nehru Port Extends Terminal Bidding Deadline U.S.-Mexico Trade Proceeds Despite Swine Flu GDP Rose 1.1 Percent in 2008 Union Pacific Settles with Utah Truck Maker Paccar Profit Falls 91 Percent Drewry: Shippers Face Rising Cargo Risks Maersk Alabama Cook Sues China, Peru Sign Trade Pact Air Freight Falls 21.4 Percent "K" Line Profit Falls 61 Percent Blue Dart Profit Dives 60 Percent TNT acquires Brazil's Expresso Araçatuba Hapag-Lloyd Raises Far East Rates Idle Box Fleet Grows Yusen Annual Profit Tumbles

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APRIL 28, 2009
Deadline looms: no certainty of a bid for ICG CSCL posts substantial Q1 losses Shippers 'at risk' from liner failures Emirates Shipping and TS Lines form partnership as Khan departs

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APRIL 28, 2009
More delays Danaos Corp pushes back 15 newbuilding deliveries and reports "highly satisfactory" quarterly profits. More crew please Ship management boss calls for an improvement in the quality of crews. Boxes of hope Container volumes recover in March but AXS-Aphaliner says it's "too early to call a bottom." Russians evade Novoship-controlled tanker uses water hoses to fend off attack from three pirate boats off Somalia. 'Hold' Seaspan Maxim Group analyst downgrades US-listed boxship owner as dividend cut may not be enough for newbuildings. Hercules in red "Deteriorating industry fundamentals" lead rig and liftboat owner Hercules Offshore to post first-quarter loss. Flu hits itineraries Cruise lines skip Mexico calls and mariners face scrutiny as worries over swine flu grow. Write down woe Hans Noren-led Concordia Maritime flat lines in first quarter and lowers forecast as bust investment bites. Seaspan cuts Boxship owner's profits meet analyst expectations, but slashed dividend sends shares crashing. Evergreen pales Taiwanese boxship giant sees 2008 profit plunge 93% as demand dies away. Dry detentions Trio of bulk carriers held in Canada for failing port state checks during March. D'Amico dives Big first quarter earnings drop for Italian tanker owner, but bosses pleased with profit considering difficult markets. PNSC pushes on Pakistan's national owner ratchets up earnings in first nine months as revenues rise. Dark days Industrial action leads to Fincantieri cancelling Costa Luminosa delivery celebrations. End of the ex-pat? Lack of finances leads to shipping companies looking at global markets for staff. Srab shocker Swedish tanker owner plunges to first quarter loss after cancelling order for three ships in Turkey. Another payout Owner of Selendang Ayu hit with further penalty for Aleutian bulk carrier disaster. A 30 year low Think the tanker market has been resilient? Think again, says Swiss Tanker Management's Alex Cooper. Cochin land-grab Indian shipyard wants to set up new plant near proposed Vizhinjam container terminal. Boxship demo up Containership scrapping surged last month as owners look to a major clear out of older tonnage. One lost off UK Search on for man missing from ExxonMobil platform in North Sea 'without survival gear'. 'Pirates' nicked Nine men suspected of involvement in attack on MSC cruiseship Melody nabbed by Spanish Navy. Lind talks 'green' Rikke Lind says Norway's owners have opportunities from recession, as she holds bilateral trade talks with Beijing. 60 face axe Loss-making Swedish ro-ro owner Transatlantic opens talks with unions on redundancies. Full-year falls Taiwan's bulker and tanker player Sincere Navigation posts lower 2008 profit as downturn starts to hurt. MHI's net shrinks Mitsubishi Heavy warns next year's profit will be half of most recent sum, itself a huge drop. Sanoyas sinks Japanese shipbuilder now expects to post a full-year loss versus earlier forecast of a profit. MOL takes control Japanese behemoth raises stake in ferry player Kansai Kisen to 89% following takeover offer. Aussies hold 27 Australian authorities detained nearly one ship per day last month for port state control infringements. Gonzi galled Maltese prime minister says bids for Malta Shipyards have come in too low. Grimaldi buys Italian owner snaps up idled ro-ro from Finnish subsidiary Finnlines for EUR 40m. Bergen loses more Norwegian shipbuilder restates 2008 profit as financial costs rise, but tax bill shrinks. Yujin renews Singapore small tanker owner has tied up three of its four bunker tankers for another two years.

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APRIL 28, 2009
"K" Line sees 61% profit plunge Hapag-Lloyd raises Asia/Europe rates CMA CGM adds Japan calls to MEX service Hong Kong airport cuts landing, parking fees Con-Way records first quarter loss UP sees 18% profit drop 1st Quarter results U.S., China reaffirm trade commitment U.S., Canada promote trade relations ITC probes DR-CAFTA textile preference program ATA wins round in SoCal port truck bout

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APRIL 28, 2009
Maersk sued by Maersk Alabama crew member The cook Richard Hicks, a US citizen, has filed a lawsuit against Maersk Line Limited, Norfolk, Virginia, for negligence and responsibility for sending him deliberately into dangerous waters on board All-time high tonnage under Danish flag The three Danish ship registers have reached an all-time high. A total of eleven million gross tons were registered at the end of April. The registers are the Danish STX Pan Ocean in marine pollution case South Korean STX Pan Ocean Co. Ltd, owner of the bulk carrier, M/V Ocean Jade, has pleaded guilty to conspiracy as well as falsifying and failing to properly maintain Finnlines sells Finnhansa Finnlines Plc's subsidiary Hanseatic Shipping has sold MS Finnhansa to Grimaldi Group. The vessel has been left idle due to the economic downturn and the sale of the vessel will

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APRIL 28, 2009
Crude fall pushes European bunkers lower Barges congested off-Malta till start of May. Scrubber market 'from 2015' Strict ECA sulphur limit combined with technology development should see 'scrubbers' take off. Environmental systems 'simply good business' But Wilhelm Wilhelmsen admits financial crisis is a 'setback for a cleaner world'. Bunker prices fall across Asia Availability in Japan and South Korea seen improving in May. Vitol takes Aramco cargo at discount The 380 cst fuel oil cargo will load from Jubail in mid-May. Singapore Exchange may launch 380 cst futures contract Reports say fuel oil futures contract could be made available on the exchange soon. Bunker tanker charters renewed another two years Singapore bunker sales 'remain fairly high' despite downturn, helping bunker tanker rates. Lower bunker recovery hits NOL-APL revenues Average revenues per FEU down 20% year-on-year in recent weeks. Iran pushing for $80 crude More supply cuts are needed to achieve a price Iran can live with.