BRIEFS

web site

Shipping News

Somali pirates set to gain from Asia coal boom
Booming Asian demand for South African coal will put more ships at risk from Somali pirates operating in the Indian Ocean and raise insurance and freight costs already hiked due to seaborne attacks.
Need for compliance services rising
GROWING global concern over environmental and security issues and the resulting requirements to comply with new regulations such as the EU Reach and US Importer's Security Filing 10+2 programmes are causing more supply chain companies to see a need for more compliance services and to outsource some or all of their compliance functions, with the trend being highest among Asia-Pacific companies, a recent survey found.
Overseas Shipholding posts over US$23m loss for Q4
Overseas Shipholding Group (OSG), the largest US-based oil tanker owner, reported a fourth-quarter loss of US$23.2 million as shipping rates tumbled.
Sembcorp's rig for seadrill

Strait Talk

Muted response to emissions breakthrough
I HAVE been a shipping journalist for over 20 years now but I am sure I have never come across a story like the one about Singapore-based Ecospec Global Technology's CSNOx gas abatement system.

web site

Shipping News

Somali pirates set to gain from Asia coal boom
Booming Asian demand for South African coal will put more ships at risk from Somali pirates operating in the Indian Ocean and raise insurance and freight costs already hiked due to seaborne attacks.
Need for compliance services rising
GROWING global concern over environmental and security issues and the resulting requirements to comply with new regulations such as the EU Reach and US Importer's Security Filing 10+2 programmes are causing more supply chain companies to see a need for more compliance services and to outsource some or all of their compliance functions, with the trend being highest among Asia-Pacific companies, a recent survey found.
Overseas Shipholding posts over US$23m loss for Q4
Overseas Shipholding Group (OSG), the largest US-based oil tanker owner, reported a fourth-quarter loss of US$23.2 million as shipping rates tumbled.
Sembcorp's rig for seadrill

Strait Talk

Muted response to emissions breakthrough
I HAVE been a shipping journalist for over 20 years now but I am sure I have never come across a story like the one about Singapore-based Ecospec Global Technology's CSNOx gas abatement system.

	web site

Shanghai customs January trade value sets new high Guangdong's foreign trade value stuck below pre-downturn levels Fujian ports' throughput in January grew 19pc Chongqing January trade value soars 59pc after 10pc drop K+N profits fall 20pc, trimmed by legal cost provisioning Russian shipyards to be built with Korean, Singaporean aid Damco to provide logistics for Michelin in Vietnam CSX, Union Pacific create intermodal scheme to rival trucks DHL starts direct LCL services from US to South Korea Hainan Airlines to launch Shanghai-Brussels flights France exports see Africa knock US off top spot India looks to air cargo, but infrastructure fragile US Airways appoints Globe Air Cargo as UK-Ireland GSA Schenker certified as qualified Envirotainer provider

	web site

Capricorn Logistics gets 'Class A License' in Shanghai Budget leaves shipping all at sea Shipbreakers from India, Pakistan & Bangladesh joining hands to oppose new IMO Convention on recycling 'Project status for cold chains welcome' Mormugao Port shines with discharge feat More CONCOR facilities fast coming up in Eastern region Slew of Railways' PPP projects still to take firm root ICD-Nagpur gets touch screen facility Aryan Cargo Express awarded Air Operator's Certificate Optimistic now, investors hike capex limits Exchequer to be richer by Rs 600 cr. from duty hike on precious metals Core sector posts robust 9.4 pc growth in Jan. Rajan Bharti Mittal takes over as Ficci President

	web site
MARCH 1, 2010
Thorsten Meincke joining Militzer & M'nch executive Thorsten Meincke, a highly-qualified and experienced logistician, will join the top executive of the Militzer & M'nch International Holding, an international transport and logi... Santiago airport reopened after temporary closure The heavy earthquake that rocked the central Chilean coast around the city of Concepción on Saturday has also hampered air traffic in the country. The international airport in the ... Kuehne + Nagel optimistic despite declining sales and profits The global logistics service provider Kuehne + Nagel (K+N), based in Schindellegi (Switzerland), registered declining profits in the crisis-ridden year that was 2009. K+N's net ear... Damco gains Michelin contract in Vietnam The global freight forwarder Damco has been mandated to carry out logistics and customs clearance tasks in Vietnam for Michelin, one of the world's largest tyre manufacturers. The ... Brenntag opens new facilities in France and Thailand Chemical distributor Brenntag has opened a new storage and distribution centre for speciality chemicals in Amiens (France). The facility, which can store 9,000 t, covers 15,000 sqm... Bayernhafen Group lifting more boxes The Bayernhafen group, a German port service provider, successfully overcame last year's difficult market environment. The group reported handling 8.4% more containers in 2009. In ... Greencarrier to open in Denmark The Gothenburg (Sweden)-headquartered logistics specialist Greencarrier opened its first office in Denmark on 1 March, parallel to its renaming of the recently acquired f... Shippers turn to forwarders for downturn 're-tuning' Businesses facing the global trade downturn and market volatility are using international freight forwarders to reduce fixed costs, secure a wider carrier base and shift business r... E.R. Schiffahrt names first three of its capesize bulkers in South Korea The Hamburg (Germany)-based shipping company E.R. Schiffahrt has held a naming ceremony in South Korea for the first of its new capesize bulkers. E.R. Schiffahrt's vessels, each we... Plans for new Franco-Italian railfreight crossing Regional authorities in France and Italy are examining the feasibility of a new 19 km rail tunnel under Montgenèvre (Monginevro). They have given the go-ahead for a detailed study ... UIA's tenth consecutive year in the black Ukraine International Airlines (UIA), Ukraine's leading international carrier, closed 2009 with a net profit of EUR 725,000, 27% less than in 2008, when net earnings reached EUR 99... Switzerland to invest CHF 2.1 billion in road network Switzerland's federal department of the environment, transport, energy and communications (DETEC) has approved the country's road building programme for 2010. The government is inv... Iata World Cargo Symposium 2010, Vancouver, 8-11 March 2010 The International Air Transport Association (Iata) is holding its World Cargo Symposium in Vancouver (Canada) from 8-11 March 2010. The theme this year focuses on what it will take... 11th Logistics Forum Duisburg, 10-11 March 2010 The 11th Logistics Forum Duisburg will take place in Duisburg (Germany) on 10 and 11 March 2010. The core topics of this year's event are transport logistics and transport markets;... Retrack launches Cologne'Györ train service Retrack, a European research project, has launched a weekly railfreight service between Cologne (Germany) and Györ (Hungary). The train, operated by Transpetrol (a member of t...

	web site
MARCH 2, 2010
SS United States could soon be scrapped Larry Glosten dies at 91 Nichols Brothers looks ahead Cape Wind process inches foward

	web site
MARCH 2, 2010
Lines left reeling by bounceback in box volumes Carriers uncertain whether to reactivate idle tonnage despite demand for extra space UK owners set to keep race law wages get-out Shipowners set to retain right to pay lower wages to foreign nationals on UK-flag ships Bigger fleet boosts GSL revenues Global Ship Lease says it is out of the woods on its loan-to-value problems Kolding deals blow to box derivatives market Maersk Line boss against casino mentality of derivatives market Pacific lines 2009 losses reach $15bn Hanjin Shipping says carriers lost between $13bn and $15bn as volumes and freight rates collapsed

	web site
MARCH 2, 2010
APM rises as box shipping turns SHARES in Denmark's AP Møller-Maersk have risen by up to 2.5% in the first quarter, with the box shipping outlook improving, an analyst told Fairplay today Finnlines posts dire 2009 FINNLINES today posted heavy losses for 2009, as revenues plummeted 33% and the result before interest and taxes slumped to €37M ($50.2M), from €98M last year CMA CGM still paying late NYSE-LISTED Global Ship Lease, which relies entirely on charter-hire from embattled CMA CGM, confirmed today that payments remain behind schedule Marinakis unveils Crude IPO AN IPO registration has been filed by Evangelos Marinakis-led Crude Carriers ' yet another sign of shipping's re-emergence on Wall Street Asia takes West Africa crude ASIAN countries are reportedly snapping up record levels of West African crude in the first quarter Finnish gloom seen lifting FINLAND'S 2009 economy suffered its steepest contraction in 90 years, with exports plummeting more dramatically than any other component, IHS Global Insight reported today Seafarers released in Somalia SEVEN seafarers trapped in Somalia after their ship was detained more than six months ago have now left the country, Fairplay was told today

	web site
MARCH 2, 2010
Congress Fails to Break Transport Programs Standoff Warehouse Group Fights Tax Global Ship Lease Revenue Surges J.B. Hunt Transport Taps FedEx's Duncan Wall Street Firm Suspends YRC Stock Rating Lufthansa Swings to 2009 Net Loss Container Ship Owner Goldenport Swings to Loss Intermarine Expands Service, Opens European Offices Diesel Price Hike Goes into Second Week Far East-U.S. Containers Fall for Second Year Macquarie Sees Long Term Growth for Ports JAL-NYK Talks Collapse Video: Alphaliner's Tan Hua Joo on Container Shipping Overcapacity

	web site
MARCH 2, 2010
RCL takes a big hit in 2009 Maersk seeks long term contracts Shippers up in arms at TPM Shippers turn to forwarders Chile in the aftermath

	web site
MARCH 2, 2010
Massive IPO Brazilian shipyard owner OSX led by billionaire Eike Batista seeks $5.6bn from Sao Paulo listing. Sale underway Shipowners are "expressing interest" in the sale of three unfinished products tankers linked to AHL shipping. Lomar ship held Claim of 'off-spec' cargo leads to arrest of UK-owned products tanker in Tanzanian port. IPO unveiled Evangelos Marinakis-backed Crude Carriers to raise $310m in New York to buy two VLCCs and a suezmax. 'Prison' ship SOS Greek owner slammed by 'abandoned' crew of bulker set for auction over wage dispute amid 'inhumane conditions'. Port reopens Chile's busiest seaport reopened today while one major copper port remains closed as it continues to assess structural damage to piers. Chilean cargoes Vitol and Morgan Stanley book two products tankers to move gasoil into earthquake-hit country. DNV banks more Henrik Madsen'led classification society sees bottom line rise by one fifth in 2009 after $80m cost-cutting effort. Dragnis eyes buys Four new arrivals possible this year, says Goldenport's John Dragnis who denies second SPP bulker order. Costa "crunch" Shaken passengers from Costa Europa have spoken of their terror as the vessel smashed into an Egpytian dock. Cape crusade Japan's K Line planning to add eight bulkers to service coal contract for JSW in India. GSL bounces back Ian Webber-led shipowner returns to the black in fourth quarter as bigger fleet boosts revenue. UK exodus? Chamber of Shipping sticks to dire prophecy of big stampede from UK flag if pay equality law is passed Tongan perjury Shipping Corp of Polynesia secretary Ramsay Dalgety faces perjury charge over sinking of Princess Ashika. Q Ship rises Qatari tanker and LPG player comes through tough 2009 with a 1.6% improvement in profit. Swiber still red Raymond Goh-led offshore player sees cost of bond issue contribute to fourth quarter loss. Writedown woe Pac Basin's full-year profit plunges $300m amid $50m impairment on ro-ros and bulker contracts. Golden loses shine Paris Dragnis-led Goldenport Holdings sinks to loss on cancellation costs and waning revenues. Mercator buys Indian shipowner's Singapore arm acquires panamax bulker, but Paragon denies it is the Pearl Seas. Tanker grounds No pollution reported after Patriot III goes aground off Philippines. Euroseas better Aristides Pittas-led boxship and bulker player still reports a loss, but less so than in 2008. Growing again Pac Basin revives dry-cargo expansion plans with over $1bn war chest to hand, chairman says. Zodiac eyes five Ofer group arm said to have acquired five NYK 6,000-teu containerships for under $100m. Heading South New Orleans operator Intermarine launches heavy-lift service to tap South America's oil, gas and mining industries. Ferry towed Korean jetfoil needs help from tugs after losing power nine miles off Busan. Asta found Tug hijacked off Malaysia last month is recovered in the Philippines under new identity. POT inches up New Zealand's Port of Tauranga has seen interim profits increase despite a 5% fall in tonnage. Sumatec suffers Higher impairment charges and doubtful debts push Malaysian tanker owner further into the red.

	web site
MARCH 2, 2010
Intermarine announces Europe service Horizon Lines in international expansion CMA CGM hikes rates on multiple trades Tiliacos named AA Cargo VP Vanguard starts LTL rail service to Mexico City Correction: DOT out of transport program funds DOT runs out of transport program funds USDA kicks off ag trade adjustment aid Customs, states to coordinate ag protection U.S. donates $170 million in food aid Kuehne + Nagel profit off 20% Damco hires air freight head Delaware dredging begins amid dispute

	web site
MARCH 2, 2010
Global Carrier out of service for several weeks The Finnish roro-vessel Global Carrier will be out of service for three or four weeks for repairs after a collision in the port of Oxelösund on February 27. The Wärtsilä main engines to South African research vessel Wärtsilä will deliver the four main engines to a Polar supply and research vessel on order at STX Finland Oy Rauma shipyard for the Republic of South Africa's Department of MSC to order cruise vessel from France MSC Cruise has signed a letter of intent with STX France about the delivery of a 140,000 GT cruise vessel from the Staint-Nazaire shipyard in 2012. The final contract

	web site
MARCH 2, 2010
Chile ports gradually reopening after quake Bunker suppliers say committed deliveries will go ahead where possible. Bunker prices softer in Rotterdam, Hamburg NYMEX showing gains of more than $1 in early trading. IFO prices weaken in Fujairah Many suppliers in Middle East hub fully committed for this week. NOL reports 63% rise in volumes Container revenue still down year-on-year, but better than in late 2009. Condition monitoring can help cut bunker consumption New guide gives ship operators an independent view of the monitoring technologies. 'Fuel-saving' air cavity system can be retrofitted DK Group says development is 'a breakthrough'. Key ports see bunker demand picking up Prices in key Asian ports weaken. Brightoil bunker sales volume surges 110.6% Net profit rises 155% for the first half of financial year 2009/2010. Hope for 'shipping-friendly' STS legislation in UK waters Offshore bunker supplier warns tightening regulations could cut the flexible refueling options ship operators need. China sees lower February fuel oil imports Bonded bunker players are major buyers in the market. Oil tanker runs aground Tanker loaded with bunker fuel grounded.