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Shipping News

Offshore supply vessel market still going strong
The offshore supply vessel market is one of the few sectors in shipping that is relatively unscathed by the economic crisis and, although rate levels are returning to more normal levels after the 'frothy' years from 2006 to 2008, business can still be profitable if managed well, according to an industry panel at the Marine Money Asia conference yesterday.
China, Korea govts' aid to shipbuilders may hit rates
China and South Korea's support for shipbuilders may add to a glut of capacity, slowing a recovery in freight rates and vessel prices.
Drydocks World opens training centre in Batam
Drydocks World - Southeast Asia yesterday officially opened a training centre in Batam, where it has three yards, to develop the technical skills of the local workforce.
Cosco expects 80% surge in Baltic Dry Index
Taiwan's LNG imports up, reversing decline
S'pore tanker aground in Mississippi

Motoring

Ferrari market share up despite lower sales
FERRARI may be driving into lower global sales this year but its market share has jumped, with the Italian super sports car maker saying that its models now make up a third of its segment.
Showroom fits prancing horse's identity
FOR the first time in Singapore and Asean, a Ferrari showroom is compliant with the prancing horse's corporate identity standards.
Lada spots rival Geely in rear-view mirror - in Cuba
After three decades as the favoured car of Cuban nomenklatura, the austere, Russian-built Lada has spotted a Chinese rival in its rear-view mirror.

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Shipping News

Offshore supply vessel market still going strong
The offshore supply vessel market is one of the few sectors in shipping that is relatively unscathed by the economic crisis and, although rate levels are returning to more normal levels after the 'frothy' years from 2006 to 2008, business can still be profitable if managed well, according to an industry panel at the Marine Money Asia conference yesterday.
China, Korea govts' aid to shipbuilders may hit rates
China and South Korea's support for shipbuilders may add to a glut of capacity, slowing a recovery in freight rates and vessel prices.
Drydocks World opens training centre in Batam
Drydocks World - Southeast Asia yesterday officially opened a training centre in Batam, where it has three yards, to develop the technical skills of the local workforce.
Cosco expects 80% surge in Baltic Dry Index
Taiwan's LNG imports up, reversing decline
S'pore tanker aground in Mississippi

Motoring

Ferrari market share up despite lower sales
FERRARI may be driving into lower global sales this year but its market share has jumped, with the Italian super sports car maker saying that its models now make up a third of its segment.
Showroom fits prancing horse's identity
FOR the first time in Singapore and Asean, a Ferrari showroom is compliant with the prancing horse's corporate identity standards.
Lada spots rival Geely in rear-view mirror - in Cuba
After three decades as the favoured car of Cuban nomenklatura, the austere, Russian-built Lada has spotted a Chinese rival in its rear-view mirror.

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EU extends block exemption for shipping consortia MOL launches company to run Vietnamese Cai Mep terminal Shippers plead to save Zim in national interest Evergreen and CSCL further unite by merging Asia-PNW loops Hapag-Lloyd moves closer to US$1.76 billion in state aid APL's ends peak-season only transpacific PS-5 loop on November 9 Port of Nanjing's box volume down 10.8pc CSAV removed from S&P's negative credit watch MOL introduces real-time Weathernews DB Schenker bags US$512 million Australian logistics deal NOL moves American headquarters from Oakland to Phoenix Year's best - China's domestic air cargo growth soars in August Dragonair's Hong Kong to Guangzhou service launched Amsterdam's Schiphol airport starts pilot cargo check project Houston opens new air hub for perishables in November

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SEPTEMBER 28, 2009
Coyne picks Air Proxy Coyne Airways, the British carrier noted for serving difficult markets such as Iraq and Afghanistan, has appointed Air Proxy as its first ever GSSA for Estonia, Latvia and Lithuani... GNV heads for Morocco from S'te The Italing shipping line Grandi Navi Veloci (GNV) is starting a new ro-pax service from S'te (France) to Morocco this autumn. GNV, which recently improved its Genoa... MSC starts new transatlantic service to Philadelphia Geneva (CH)-based Mediterranean Shipping Company (MSC) is about to commence a new container service from the North Continent to the US east coast. The weekly service will depl... Jumbo Offshore installs first transition piece Jumbo Offshore's engineers and the crew of the DP2-vessel "Jumbo Javelin" have successfully installed their first transition piece (TP), off the UK's south-east coast. This is the ... New airport on the island of Crete The Greek minister of environment, town planning and public works has issued an international call to tender for the development and construction of a new international airpor... Japan's first real-time display system to monitor ship operations Tokyo-based Mitsui OSK Lines Ltd (MOL) and Weathernews Inc recently announced that they have developed FMS.Globe, a fleet management system for ships that displays vessels' operati... Leisure Cargo shoulders freight management for Nas Air The fledgling enterprise Leisure Cargo Dubai recently gained a foothold in the airfreight market of Saudi Arabia and the entire Middle East by signing its first contract with the S... Fiata elects new president The annual general meeting of Fiata took place at its World Congress in Geneva (Switzerland). The event ended on 25 September. During the AGM, Jean Claude Delen, managing... MAU launches flights to Abu Dhabi The Ukrainian airline MAU operated its first direct flight from Kiev to Abu Dhabi (United Arab Emirates) on 25 September. The service will initially be offered twice a week, increa... DHL improves service on transatlantic route with B767s DHL Express, a market leader in the shipment of express freight, plans to strengthen its fleet of aircraft by acquiring six new Boeing B767 extended range freighters. DHL has been ... 13th Euro-Med Convention From Land to Sea, 22-25 October The 13th Euro-Med Convention From Land to Sea, organised by the Grimaldi Group, will be held at the Forte Village Resort in Santa Margherita di Pula (Cagliari, Italy) from 22-25 Oc...

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SEPTEMBER 29, 2009
EC exemption for consortia ITIC urges shipmanagers to review their liability limitation provisions Jan De Nul wins $89m Panama Canal dredging contract ITF "week of action" closed

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SEPTEMBER 29, 2009
LaHood announces FHWA ferry grants Conrad Industries books ferry order ThyssenKrupp sells Nordeseewerke BIW eyes offshore wind opportunities

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SEPTEMBER 29, 2009
Cosco seeks vessel sale to recoup Eastwind monies COSCO Shanghai Shipyard has asked the New York bankruptcy court to allow it to sell the EW Harting to recover unpaid $10.5m bill. Tramp owners' share of global idle fleet increasing NUMBER of idle ships belonging to non-operating owners now stands at 379 ships. Vale back in VLOC buying market MINER reportedly orders another four very large ore carriers. Russia mulls SCF stake sale STATE considering sale of an unspecified stake in Sovcomflot. Nordic American aims to boost fleet TANKER owner plans to buy more vessels at a time when values are falling.

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SEPTEMBER 29, 2009
US staying course on drugs RECENT shifts in thinking about the best ways to fight drug trafficking will not necessarily change US Coast Guard policies, Fairplay was told today Norden shareholder grows DENMARK'S Norden told Fairplay today one of its big shareholders has combined with another company CMA CGM orderbook doubt grows CMA CGM today said newbuilding order cancellations were expected as it affronts financial difficulties

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SEPTEMBER 29, 2009
Houston Confirms Dreyer as Executive Director Highway Programs to Get One-Month Reprieve Hapag-Lloyd Loan Guarantees Face EU Scrutiny Idled Charter Box Ships Hit Record Schenker, TransContainer to Operate Latvian Hub Coast Guard Seeks Comment on Ballast Water TNT Launches Specialized Inventory Service Maersk Plans Major Changes on Trans-Atlantic Kuehne + Nagel Logs on to INTTRA for Invoicing Ohio River Lock Gate Falls Off Houston Ship Channel Re-Opens Global Air Cargo Volume Improves ELAA Welcomes EC's Consortia Exemption Diesel Falls 2.1 Cents to $2.601 per Gallon Video: ThyssenKrupp goes Mobile Bank Group to Help CMA CGM

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SEPTEMBER 29, 2009
CMA CGM strikes deal with banks INNTRA signs up K+N for eInvoice Platform A rapid Rotterdam rail-relief thanks to army leopards GL claims shipping industry in for a bid shake-up EU extends Block Exemption for liner shipping consortia

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SEPTEMBER 29, 2009
Stage set for 2010 Dahlman Rose estimate cuts earnings estimates for tanker owners and says recovery could come next year. Chop and change Cosco cancels PCC pair at Cosco Zhoushan as a European owner holds up delivery of five bulkers for a second time. W-O in KG rescue Dutch owner and bank form special purpose vehicle to take over nine struggling German KG shipowners. Channel open Cleanup continues in oil spill from W-O Shipping's Chemical Supplier, but Houston Ship Channel reopens. CMA CGM to axe Jacques Saade-led liner giant to chop and delay newbuilding orders as it sets up committee to find funds. ACP picks Nul Panama Canal Authority picks "very competitive bid" of Dutch dredging outfit Jan de Nul. Going for growth Unbowed by a weak tanker market Herbjorn Hansson aims to accelerate fleet expansion. Shareholder shift Norway's Rasmussen family restructures but retains stake in Norden. Over the first Eitzen Chemical wins bondholder support to clear the first hurdle in its restructuring plan. PSV pair fixed Havila managed brace leaving the North Sea spot market for up to a year for contract with Amerada Hess Libya. Big box bust Colombian and Mexican authorities unearth $41m in drugs cash hidden in shipping containers. Tanker free AET aframax Eagle Tucson which grounded in the Mississippi River yesterday is afloat again with no pollution scare. BP extends Transocean Ltd bags $544m contract extension for semi-submersible Deepwater Horizon. Fully charged Full City master and third officer face additional environmental crime charge which carries a ten-year prison term. Falling further Taiwan's First Steamship sees bulker earnings drop in first half as revenues weakened. Petrofac picks three Giant Siem newbuilding one of three anchor handlers to join the John Shaw rig move as rates fall. Gaining ground Nils Andersen says downturn has helped AP Moller-Maersk claw in liner, offshore and terminal rivals. Blaze in Turkey Crew safely abandon Turkish chemical tanker after fire breaks out near Tupras refinery. Overseas aim India's Mundra Port in talks to establish new terminal in Vietnam. Back in black Pakistan's revitalised KSEW shipyard has been making more money for the last three years. Brazil buying Transpetro to import steel from China and South Korea for huge $5bn newbuilding project Release close PNSC cargoship could soon sail from Myanmar after arrest following engine failure and late cargo delivery. Weight watchers? Marine physician warns increasingly corpulent crews could pose serious safety risks at sea. Cosco bullish BDI to shoot up by over 80% in the final quarter, Chinese giant says. Sincere slips Taiwanese bulker owner's first half profit cut as revenues fall. HHI grabs pole Shipbuilder at front of grid to take control of Hyundai Corp as STX Group takes a back seat. Ferry evacuated Hundreds of passengers safely taken off Indonesian vessel after it sprang a leak. NOO pain Non-operating owners' share of the idle container ship fleet tops carrier controlled capacity for the first time. Tank trouble Launch of Stolt-Nielsen's Singapore chemical storage plant delayed in downturn. Cash closer German government bail-out committee backs loan guarantees for Hapag-Lloyd, but key vote is tomorrow. Asimar repair deal Thai shipyard group clinches $1.3m repair contract from local Department of Fisheries.

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SEPTEMBER 29, 2009
CMA CGM seeks bank advice on short-term finances New NOL Americas HQ opens in Phoenix Riley, former Safmarine U.S. executive, dies Swiss expands network with Edelweiss agreement FedEx maintains board policies Distracted drivers contribute to rail accidents GAO: Weaknesses prevail in USAID food aid monitoring Tribunal: Canada must cure breach of lumber agreement APHIS raises inspection fees 10% Famous Pacific starts Hong Kong/Odessa service Panama awards Atlantic entrance contract MOL-Hanjin-Wan Hai Vietnam terminal gets approval Houston Ship Channel reopens after spill

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SEPTEMBER 29, 2009
GIEK fears wave of bankruptcies among Norwegian yards Since 2006, a record year for the Norwegian shipbuilding industry, the number of newbuilding contracts placed at Norwegian yards has dropped 94 per cent, from 85 contracts to only five Shipping industry fears ambitious China Overall confidence levels in the shipping industry have shown a slight improvement over the past three months ' up from 5.5 in May to 5.7 in the recent survey SRAB boosts finances SRAB Shipping has published its prospectus for a targeted share issue to raise SEK 35 million in additional capital. The issue is guaranteed. Some ten shareholders have agreed to subscribe More cruise ships to Klaipeda The cruise ship Delphin inaugurated this year's cruise season in Klaipeda on May 12 and British Braemar will end the season when it calls on Thursday. The Port of Klaipeda

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SEPTEMBER 29, 2009
Bunker prices rebound in Europe Crude oil prices showing losses in early trading. New fuel storage capacity in Antwerp Terminal will be able to carry out bunkering. Middle East bunker prices slide Steep price falls in Suez. Officers face new charges over bunker spill Master and third mate could face ten-year prison sentence. More fuel oil offered on Middle East market Refinery outages leave fuel oil surplus. October oil export duties confirmed Export duty on Russian fuel oil to increase marginally. Carbon neutral shipping solution under development B9 Shipping says its coastal vessel design using wind and biogas would be commercially competitive. Revenue from bunker sales falls Russian supplier sees revenues dip but profit margins remain steady. Bunker prices in Asia mostly stronger Bunker prices in Tokyo Bay and Port Klang, however, weaken. SPC to delist in Singapore Majority shareholder PetroChina set to exercise right on SPC's outstanding shares in October. Middle East owners urged to join climate debate International pressure mounting to curb greenhouse gases ahead of Copenhagen meeting. Typhoon impacts Philippine bunkering Manila resumes operation while Subic Bay remains closed. Typhoon Ketsana passes Hong Kong Bunkering operations not affected by the typhoon. More ship lay-ups in 'next six months' Low rates and fleet utilisation means capacity needs to be trimmed further. Germany signals approval for Hapag aid Hapag-Lloyd set to receive '1.2 billion in state aid. Houston channel reopens to port operations Heavy fuel oil along the shoreline has been contained.