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Shipping News

Ningbo Port plans IPO to raise US$1.9b
Ningbo Port Co plans to raise about US$1.9 billion in mainland China's second-largest IPO this year, braving a Chinese market already staggering from a slew of large fundraisings and Beijing's tightening measures.
Jetstar to test iPads for passengers
Jetstar, the budget carrier of Qantas Airways Ltd, will commence a trial of Apple Inc's iPad tablet computers for inflight entertainment later this month.

Strait Talk

Crossing the Channel, 70 years on
I AM writing this column while sitting at the chart table on the bridge of a small training vessel berthed in the French port of Dunkirk. The trip over here has been an opportunity to reflect on how much in many ways - and yet how little in a few important ones - going to sea has changed.

Motoring

Growth of car sales in China slows to 25%
China's passenger-car sales growth slowed in May as falling stock prices eroded wealth and consumer prices rose in the world's largest automobile market.
Chevrolet eyes closer ties with customers
CHEVROLET is a more than a value brand - it is a brand that offers value, says Martin Apfel, the newly appointed president of General Motors South-east Asia Operations and General Motors Thailand. GM owns the Chevrolet brand.
Chevy Volt to join S'pore electric party
THE brand with the gold bow tie is set to launch its Volt electric vehicle (EV) in the United States later this year, and this plug-in hybrid could make its way here soon after.

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Shipping News

Ningbo Port plans IPO to raise US$1.9b
Ningbo Port Co plans to raise about US$1.9 billion in mainland China's second-largest IPO this year, braving a Chinese market already staggering from a slew of large fundraisings and Beijing's tightening measures.
Jetstar to test iPads for passengers
Jetstar, the budget carrier of Qantas Airways Ltd, will commence a trial of Apple Inc's iPad tablet computers for inflight entertainment later this month.

Strait Talk

Crossing the Channel, 70 years on
I AM writing this column while sitting at the chart table on the bridge of a small training vessel berthed in the French port of Dunkirk. The trip over here has been an opportunity to reflect on how much in many ways - and yet how little in a few important ones - going to sea has changed.

Motoring

Growth of car sales in China slows to 25%
China's passenger-car sales growth slowed in May as falling stock prices eroded wealth and consumer prices rose in the world's largest automobile market.
Chevrolet eyes closer ties with customers
CHEVROLET is a more than a value brand - it is a brand that offers value, says Martin Apfel, the newly appointed president of General Motors South-east Asia Operations and General Motors Thailand. GM owns the Chevrolet brand.
Chevy Volt to join S'pore electric party
THE brand with the gold bow tie is set to launch its Volt electric vehicle (EV) in the United States later this year, and this plug-in hybrid could make its way here soon after.

web site

Shipping News

Ningbo Port plans IPO to raise US$1.9b
Ningbo Port Co plans to raise about US$1.9 billion in mainland China's second-largest IPO this year, braving a Chinese market already staggering from a slew of large fundraisings and Beijing's tightening measures.
Jetstar to test iPads for passengers
Jetstar, the budget carrier of Qantas Airways Ltd, will commence a trial of Apple Inc's iPad tablet computers for inflight entertainment later this month.

Strait Talk

Crossing the Channel, 70 years on
I AM writing this column while sitting at the chart table on the bridge of a small training vessel berthed in the French port of Dunkirk. The trip over here has been an opportunity to reflect on how much in many ways - and yet how little in a few important ones - going to sea has changed.

Motoring

Growth of car sales in China slows to 25%
China's passenger-car sales growth slowed in May as falling stock prices eroded wealth and consumer prices rose in the world's largest automobile market.
Chevrolet eyes closer ties with customers
CHEVROLET is a more than a value brand - it is a brand that offers value, says Martin Apfel, the newly appointed president of General Motors South-east Asia Operations and General Motors Thailand. GM owns the Chevrolet brand.
Chevy Volt to join S'pore electric party
THE brand with the gold bow tie is set to launch its Volt electric vehicle (EV) in the United States later this year, and this plug-in hybrid could make its way here soon after.

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US-EU check suspicions of container trade price fixing Danaos cancels three Yang Ming 6,500-TEUers from Hanjin yards Slow steaming absorbs tonnage as slower loops take on more ships Guangdong's trade value up 32.4pc in first fourth months Beijing trade value soars 68pc in first four months Kuehne + Nagel manages China distribution for John Deere Fitch downgrades Jaxport outlook from stable to negative Malaysia's ISH Logistics looks to share Chongqing's HP market CEVA lands new contract from Ricoh UK Cathay fined US$3.34 million by Korea for price-fixing Anchorage air fuel shortage discourages air traffic Wallenborn opens office at Frankfurt Airport Ottawa to spend US$95 million on boosting air cargo security

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CSL delivers PSV to Vroon Offshore Asian shipowners want world's navies to bite deeper into piracy SCI stake sale & raising of fresh equity exercising MoS' mind GAC's soccer-based contest for clients finds its mark MoS studying Major Ports' corporatisation, but not in favour of disinvestment Unions want RGCT turned over to coastal shipping Ancillary industries to spring up & feed Dhamra port Railways raises freight rate on iron ore based on use Another volcano rumbling FinMin weighs decanalisation of urea imports State plans dedicated cell to speed up DMIC work Robust Q4 showing catapults 2009-10 GDP growth to 7.4 pc Core sector industries' performance improves PM gets optimistic on GDP growth rate Singapore dragging feet on services liberalisation under CECA WTO setting up panel to review US dumping duty on shrimp evised DTAA with Finland to come into force from April 2011 I-T Dept moves in as Germany bares about 50 with ill-gotten wealth OECD optimistic on global economic expansion SA President to meet industry captains tomorrow Embassy in China to have economic wing India Realty expo in Dubai from June 3

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MAY 31, 2010
Groupe Heppner sees sales and earnings dip in 2009 The medium-sized French transport and logistics company Groupe Heppner reported that business year 2009 was poor. The turnover fell to EUR 477 million, 13.2% less than th... Ceva Logistics renews contract with Ricoh in UK The logistics service provider and SCM specialist Ceva Logistics has renewed a contract to deliver and install office solutions and supplies for Ricoh UK. The two companies have wo... GLS 2009/10: stable parcel volumes but lower turnover and profit GLS, an Amsterdam (Netherlands)-based provider of pan-European parcel, express and logistics services, reported that its parcel volumes in 2009 were almost on a par with those in&n... Volcanic eruption in Latin America impedes air traffic The Central American states Honduras, El Salvador and Guatemala have declared a state of emergency after "Agatha", the first tropical storm of the hurricane season, cause...

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JUNE 1, 2010
Everett Port Commissioners to discuss Collins Building Port Metro Vancouver works deal with CN Crowley delivers UPS trucks to San Juan, Puerto Rico ATA truck tonnage index continues string of gains Baltic Trading takes delivery of 2009-built Supramax vessel

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JUNE 1, 2010
Distressed ship sales set to rise as prices pick up Hansa Treuhand says banks are likely to enforce more sales of distressed ships as ship prices are rising again Banks using firmer values to start foreclosures Lines seek bargain rates as panamax demand lifts Box lines back owners into a corner Double-dip fears shake European freight forwarders confidence Forwarders fear euro debt crisis could prompt a double-dip recession London Gateway work to begin but opening date still unclear Israel aid ship attack could be legal Shipping law experts say raid was probably legal under international law as industry slams action Class reaches a turning point Navios Acquisition poised for growth after clinching fleet take over Company aims to expand in tankers after acquiring 13 chemical and product carriers Navios Acquisition makes $457m tanker foray

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JUNE 1, 2010
US plans for oil impact US AGENCIES were preparing today for a greater impact on shipping from the Gulf of Mexico oil spill after the latest attempt to plug the leak failed Transnet strike toll: $7.8M SOUTH Africa's Transnet sustained 60M rand ($7.8M) in damages during last month's strike, the company reportedly said today Seoul's exports climb 41.9% SEOUL said today shipments from South Korea rose to $39.5Bn in May, 41.9% higher than that month of 2009 UN condemns Israeli raid THE UN Security Council issued a statement early today condemning the deadly Israeli raid ' in international waters ' on commercial ships transporting aid to Gaza Tanker optimist undaunted CONTANGO storage plays and rebounding demand imply strengthening fundamentals for tanker shares, Deutsche Bank analyst Justin Yagerman said today Farstad bags charter deals NORWAY'S offshore company Farstad said today it has won several charter contracts, together worth about $77.5M Greek strike diverts cruise A CRUISE ship was berthed today at its home port in Valetta, Malta, after being diverted from the Greek port of Piraeus yesterday because of a strike

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JUNE 1, 2010
Diesel Price Slides to Three-Month Low Panama Canal Gets Key Dredging Bids JOC Video: Trucking's Pricing Problem Teamsters VP Gegare to Run Against Hoffa Package Shipper Projects 'Prolonged Economic Softness' Freight Index Grows 11.1 Percent OOCL Gets 32nd Samsung Ship Eurotunnel Operator Buys Great Britain Rail Freight Caterpillar to Acquire Electro-Motive Diesel EU Investigating Ocean Carrier Pricing NAFTA Trade Value Soars 37 Percent Manufacturing Index Slips, Inventories Fall India's SCI Sees Net Profit Slump AAUS Carriers, Maersk Add Peak-Season Loop Hanjin to Convert to Green Reefers Baltimore Eyes Higher Fees for Port Trucks

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JUNE 1, 2010
Eurotunnel acquires GB Rail Freight Hanjin shipping invests in new reefer boxes SCI's liner business improving? A P Moller-Maersk opens inland terminal in Germany GRIs keep coming

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JUNE 1, 2010
SBM scores Petrobras pact SBM Offshore ties up massive FPSO contract with Brazilian energy behemoth for pre-salt project. US antitrust battle wages on Horizon Lines and Matson Navigation buckling under pressure as Hawaiians throw price-fixing lawsuit on the pile. Gard owners to get a $40m "dividend" Biggest of the P&I clubs hands back a hefty chunk of profit through a premium discount. Rongsheng getting back on track Rongsheng Heavy Industries eyes return to pre-crash order levels as owners start buying again, says David Luan. IPO window is definitely closed Nordea's Carl Steen says the market is not open to new IPOs right now. Saga off to a lucky start Arne Blystad says fortune shined on him when Saga Tankers undertook $120m private placement. Trico Marine axes Compofelice Wall Street weekend extended for Chairman and CEO of Texas offshore outfit as Joe Compofelice gets the boot. Farstad fixes AHTS trio Karl Johan Bakken-led Farstad Shipping to bank $78m after scoring series of fresh charter contracts. Probo Koala trial opens Tanker master absent as Trafigura put under spot light in Dutch trial over allegedly toxic slops. Henriksen: 'No open wounds' Tax tussle has not resulted in any hostility from owners or the state, says Sturla Henriksen. "I hate losing money" Morits Skaugen laments first quarter loss but sees better times on the horizon. Irish ship risks Israeli ire Former Latvian ship auctioned by ITF to charity group plans to defy deadly blockade of Gaza. Knutsen pulls IPO on weak demand Global financial volatility sees Hans Trygve Seglem-led Knutsen Offshore Tankers' listing plans bite the dust. New tax is a top system Norway's latest tax scheme is better than that of European rivals, says Ida Skard. Spar earnings take a dip in 2009 Norwegian bulker player has nearly $30m chopped from annual result. Eitzen seals big coal COA ThyssenKrupp signs up Axel Eitzen-led Norwegian for $150m long-term Atlantic coal deal. Fairstar in $90m Gorgon deal Heavy-lift specialist charters-out two units to service Chevron's vast LNG project off Australia. Adani back at Hanjin for bulkers Indian group back at Korean yard for a pair of capesizes, doubling its orderbook. Age of austerity hits Minoan Greece's government cut-backs one of several factors that hurt ferry owner in Q1. Krasnoye bags tanker double Russian shipyard adds another products duo to orderbook in deal with mystery owner. ABG earnings rise as owners return Improving global trade boosts business and annual profit at India's biggest private shipbuilder. Clipper counts ferry cost fiasco Danish group posts big 2009 loss partly caused by problems with Kanhave newbuilding. Maersk keeps shipping Kiwi fish Danish container line refutes Greenpeace's claim it has stopped carrying endangered New Zealand fish cargoes. Shen Neng sails for China Chinese bulker has begun its tow back to China, two months after going aground off Queensland. Maersk wins US Navy work Danish giant's close ties with Uncle Sam reap reward with new contracts worth over $460m. Lasco not covering operating costs Latvian tanker owner slips to first quarter loss as products markets remain weak. Stealth takes Geden tanker Harry Vafias-led Stealth Maritime snaps up another aframax resale from Turkish asset player. Aboitiz not giving up on FBMA Philippines shipping group could re-open mothballed shipyard if firm overseas orders come in. Canadian ferry "misses approach" BC Ferries' Quinsam slams into rocky shore at it tries to dock in Nanaimo. EMS swaps debt for equity Oslo-listed shipmanager and supplier to issue new shares to convert debt to company stock. STX linked to Aussie mine South Korea's STX Group may join consortium buying a stake in a Queensland coal mine.

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JUNE 1, 2010
Alphaliner: Slow steaming grows in popularity OOCL raises SE Asia/Australia rates Zim increases transatlantic rates NTSB calls for engine inspections Cargolux aircraft averts mid-air collision Hertwig to lead Florida East Coast Railway U.S. ag groups seek more food aid funding House passes biodiesel tax incentive Korea tensions lead to trade war

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JUNE 1, 2010
A2SEA signs up for another British wind farm A2SEA A/S has been contracted for the installation of another wind power station in UK waters. A2SEA will install 30 5 MW wind turbines at the Ormonde Offshore wind

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JUNE 1, 2010
Choppy trading in key markets Busy day in some markets as buyers sense prices may be bottoming out. Appeal filed against Massachusetts tug escort ruling Attorney general questions recent decision saying the Deepwater Horizon incident highlights consequences of oil spills. Australian officials praise Shen Neng 1 salvage operation Great outcome for Queensland and the Australian environment, says official. Fujairah sees big price falls Mixed picture elsewhere with IFO gaining in Durban. Ferry operator's profits hit by Greek financial crisis Higher bunker prices also play a part in generating $15 million loss. New bunker player in Middle East and Persian Gulf Company to start physical supply 'in three to four months'. Malaysian authorities continue crack-down on illegal bunkering Two crews detained after captains fail to produce correct documents. IFO prices soften at all key ports Bunker prices show a general downward trend on Tuesday. New tugs offer 15% increased fuel efficiency Developers of Green Tug project unveil its next generation tug. HK traders 'not affected' by proposed revision to SHFE fuel oil specs Changes to near 180 cSt parameters geared towards domestic Chinese fuel oil market. Global Risk Management expands in Singapore Sees a 300% increase in traded tonnes for the last two months of 2009.