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Premiums on insuring pirate ransoms half of 2008 peak
Kidnap and ransom premiums paid to insure against Somali piracy have slumped since the BBC Trinidad was hijacked in the Gulf of Aden in August 2008 as escalating attacks spurred more companies to offer coverage.
Sea Asia bound for record year in 2011
BUOYED by a recovering economy, exhibition space take-up has reached a record high, nine months before the start of Sea Asia 2011.
Lloyd's creates sanctions clause
London's marine insurance market has created a clause ensuring underwriters do not breach sanctions due in part to Western measures against Iran, a senior Lloyd's Market Association (LMA) official said on Monday.

Strait Talk

Protecting young seafarers
THE International Maritime Organization (IMO) recently held a diplomatic conference to update the regulatory framework that governs the way seafarers are trained.

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Shipping News

Premiums on insuring pirate ransoms half of 2008 peak
Kidnap and ransom premiums paid to insure against Somali piracy have slumped since the BBC Trinidad was hijacked in the Gulf of Aden in August 2008 as escalating attacks spurred more companies to offer coverage.
Sea Asia bound for record year in 2011
BUOYED by a recovering economy, exhibition space take-up has reached a record high, nine months before the start of Sea Asia 2011.
Lloyd's creates sanctions clause
London's marine insurance market has created a clause ensuring underwriters do not breach sanctions due in part to Western measures against Iran, a senior Lloyd's Market Association (LMA) official said on Monday.

Strait Talk

Protecting young seafarers
THE International Maritime Organization (IMO) recently held a diplomatic conference to update the regulatory framework that governs the way seafarers are trained.

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DHL offers new S China-the Nordics LCL services 100pc box scanning at foreign ports may be delayed again Shanghai-Taiwan trade increases 66.6pc in first half Trade volume of Manzhouli railway ports rises 6.6 per cent Agility enters Cambodia's logistics market Hapag-Lloyd adds transatlantic service Maersk's APM Terminals-Virginia to make US$61 million this year North Carolina port officials focus on improving existing ports Hactl's July air freight volume up 27.7pc to 256,838 tonnes Macau's first half export air cargo soars 59 pc Air France-KLM's cargo unit moves forward with optimism Etihad cargo increases 21.6 per cent in second quarter

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MALA 2010 promises to be unparalleled in scale & splendour Survey sees world trade growth decelerating in 2011 & 2012 SCI to raise Rs 2,600 cr. to acquire 29 ships CMA CGM appoints new group CFO INSA seeks 'first right of refusal' to carry crude supplies 5 APL containerships retrofitted for cold-ironing New perspective plan 2020 for maritime sector on MoS' drawing board 30-plus GCR becomes standard of business at DP World Chennai Mohandas wants high-tech dredgers deployed at Vallarpadam hard basin right away JNPT gets its act together on the road P. K. Raman to participate in ITF World Congress in Mexico City 3PL operators fancy investing in car transportation by rail EU seeks Indian investments Export growth healthy in Q1, but not robust-Khullar Soft crop loans Move to rope in private sector to augment farm yield 3-day Indexpo fair in Muscat from Sept. 28

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AUGUST 2, 2010
TNT: higher sales but lower ebit in Q2/2010 TNT, a Dutch mail and CEP corporation based in Amsterdam, suffered a drop in ebit in the second quarter of the current year due to massive restructuring costs. The Q2/2010 earnings... Norbert Dentressangle raises a glass to Nicolas wines The French logistics service provider Norbert Dentressangle Transport Services has been appointed by Nicolas, a French fine wine specialist, to provide a bespoke UK transport solut... Gefco offering new services in Spain Gefco Spain has developed a new service for the two-wheeler sector. The service provider will transport mopeds and motorbikes, with or without packaging depending on customer ... Damco set to scale greater heights with new appointment Damco, a provider of freight forwarding and supply chain management services, recently named Erez Agmoni as its regional airfreight manager in the Asia Pacific region. In this posi... Savino del Bene offers new groupage service from Spain to North Africa The Scandicci (Florence)-based logistics operator Savino del Bene is expanding its services to the southern Mediterranean. As from September, a new twice-a-week service, offering b... Ust-Luga port takes lead among Baltic seaports in H1/2010 The Russian port of Ust-Luga has registered the greatest interim growth rate in traffic of all the ports in the Baltic Sea. Between January and June 2010, the port of Ust... Lufthansa Cargo appoints new Americas manager The German freight airline Lufthansa Cargo has appointed a new manager for the Americas region. With effect from 1 October, Achim Martinka will replace Klaus Holler, who is retirin... New service in the Atlantic trade The German shipping company Hapag-Lloyd is launching a new express shuttle on the route between North Europe and the east coast of North America. As of mid-September 2010, the Atla... FAA finds Mexico does not meet ICAO safety standards The US Department of Transportation's Federal Aviation Administration (FAA) recently announced that Mexico does not comply with the international safety standards set by ... Air Berlin to join Oneworld alliance The German carrier Air Berlin is to join Oneworld. The move adds Europe's fifth largest airline and Germany's second biggest carrier to the alliance. Air Berlin is expected to star... Virgin Atlantic reports cargo revenue up 36% Despite a challenging economic environment, the British longhaul airline Virgin Atlantic reported strong Q1/2010 revenue growth and an increase in cargo volume. During Q1 (March-Ma...

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AUGUST 3, 2010
BP starts static kill of Macondo well Judge throws out Spain's $1 billion suit against ABS Northrop Grumman starts shipbuilding closures and layoffs Impairment charge plunges OSG into red Two die in Brazilian shipyard explosion Signal International starts work on $15 million rig upgrade

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AUGUST 3, 2010
North Runway closure begins at Portland International Airport Environmental group pleased with new House transport bill Jaguar Freight Services opens new EMEA group Port Metro Vancouver adds new Blue Circle Awards program Parsons Brinkerhoff taps Tutuncu as a principle engineer in New York

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AUGUST 3, 2010
ABS handed Prestige victory US federal judge rejects Spain's attempt to prove class society recklessness in seminal seven year legal battle Class reaches a turning point Prestige parties in final skirmish ahead of decision on jury trial Spain v ABS to resume in New York federal court Cadet death probe raises jurisdiction concerns Nautilus calls for detailed investigation into death of cadet who was lost overboard... Safmarine ship officer removed from duty... Box shortages exaggerated, says TCC boss Problem can be resolved by adjusting ship network claims Franck Kayser Container sector faces crippling box shortage Three dead in Rio yard blast Explosion aboard Gearbulk general cargo vessel Auk Arrow kills three yard workers and... Transocean rig sinks in Gulf of Mexico

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AUGUST 3, 2010
ABS scores Prestige victory A New York judge has ruled that classification society ABS is not liable for damages to Spain arising from 2002's sinking of the tanker Prestige Floating LNG plant planned A FLOATING gas liquefaction facility off Australia is planned under a deal signed between Flex LNG and the Italian engineering company SAIPEM, IHS Global Insight reported today Training offers lacking says survey MORE THAN half of shore-based maritime employees claim they do not receive any training as part of their job, a survey published today revealed Ch'vez runs short of dollars VENEZUELA could face a squeeze on its dollar holdings by the end of next year, according to new research by Morgan Stanley Hit-Iran US option remains US MILITARY strikes "remain on the table" against Iran, which has promised it would retaliate against such moves by closing the Strait of Hormuz to shipping, IHS Global Insight reported today

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AUGUST 3, 2010
Philadelphia Gets First of Thousands of Hyundais Maersk Denies New Ship Orders Maersk Pays $3.1 million Fine for Breaking U.S. Sanctions Caterpillar Completes Buy of Locomotive Builder EMD Factory Orders Decline for Second Straight Month FedEx Trade Networks Adds European Offices Thousands Seek Aid from DOT's 2010 Grant Pool Old Dominion Freight Line Plans Stock Split LAX Freight Recovery Levels Off Agility Launches Operations in Cambodia Greek Truckers End Strike Atlas Air Triples Profit on Soaring Cargo Charters Danmar Launches China-Europe LCL Services Deutsche Post Profit, Outlook Rise Recovering YRC Reports $48.3 Million Operating Profit LA-Long Beach Union Talks Enter Second Month

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AUGUST 3, 2010
SLPA opens up port to external investors Chinese PMI falls again Stocks upbeat on bank profits Tokyo ports hold breath on 'port alliance' status Purfresh pushes the envelope on freshness

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AUGUST 3, 2010
Judge torpedoes 'Prestige' suit Hammer slams in US as federal judge stomps Spain's lawsuit against ABS in the sinking of the Prestige. Balenciaga bags Craig quartet Spanish yard cashes in on $207m spending spree as Scottish shipping clan pens offshore order. Pride tackles drillship debt US drilling player bags bond blessing as public offering bankrolls backlog. Rio death toll tips three Yard worker succumbs to injuries following fatal Brazilian blast onboard Gearbulk vessel. Two dead in Rio blast Explosion on Gearbulk ship Auk Arrow at Brazilian shipyard leaves three others injured, one seriously. Russians thwart tanker attack Naval vessel opens fire on would-be hijackers pursuing tanker thought to be Dafne in Red Sea. Hercules trapped in Gulf Coast grasp Losses widen in the second quarter for Houston-based offshore outfit as battle brews in the US Gulf. Impairment paints OSG red Morten Arntzen-led tanker owner plunges to quarterly loss on write down over Gulf of Mexico spill. Dickinson pockets Carnival cash Ex-boss of Carnival Cruise Lines, Robert Dickinson, bags nearly $1.5m after selling off shares in the shipowner. Hedges trim Pac Basin Bunker hedging loss and bulging expenses send first-half profit packing at Hong Kong bulker owner. ICTSI sells out of Subic Philippines port operator lines pockets by offloading shiprepair yard stake to majority owner Keppel. S-Continental starts Russian run St Petersburg venture starts seven-night Baltic cruise operation with SC Atlantic Odfjell in IRTC pirate Saga Spanish warship swoops in time to stop pirates boarding Norwegian-chartered Bow Saga in IRTC. Sembcorp strikes it rich Singapore shipyard pushes up profit by 28% in second quarter as margins increase. Maersk "monitoring yard capacity" Danish boxship giant poised for return to newbuilding arena as VP Jan Kjaervik admits continuous dialogue with yards. Norwegian ferry bashes quay Sigrid damaged and two cars crunched after it hits dock at Melbu. Uljanik up in first half Croatian tanker and bulker owner posts improved profit as markets recovered from dire 2009. Spooked buyers pull back Dry-cargo and tanker buyers' appetite hit by economic instability during July. Broker sounds order alarm "No logic" to inking bulker newbuildings given BDI crash and bloated orderbook, Greek broker says. Drillship tragedy off Nigeria One crew member feared dead as two others rescued following weekend accident on Transocean unit. Kristina Regina docked for good 1960-built cruiseship sold by Finnish owner to become floating hotel and museum in Turku. 'Critical' crewman rescued off India Indian Coast Guard rushes to aid of Indonesia seafarer on Schulte-managed tanker off Mumbai. Tug sinks in Michigan US Coast Guard tackles diesel spill after incident off Cheboygan in Duncan Bay. Crew awaits cash in Spain ITF may seek to repatriate crew if attempts to contact owner of cargoship Eastern Planet continue to fail. Brightoil buys aframax pair Emerging Chinese tanker player confirms purchase of two tankers from Dubai's Emarat Maritime. Poulsson joins PST Former Torm Singapore boss named as new director at PIL shipping spin-off Pacific Shipping. Marco to build barges Marine logistics company to build four vessels for use by its Indonesian joint venture with Glencore.

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AUGUST 3, 2010
Tropical reports improved results USADA lines plan September rate hike Liner employees on edge? Deutsche Post DHL profit up Qatar to start first U.S. freighter service DHL provides parts service to Southern Air TRAC aims product at truckers AmeriQuest buys CURE ContainerPort buys Cleveland-based company New functionality helps CBP spot fake goods Jaguar Freight creates EMEA division Ga. ports container throughput up 9.7% Boston port gets new cranes

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AUGUST 3, 2010
Seven Scandianvian ro-ro's recycled Seven Scandinavian ro-ro vessels have gone to the ship breakers over the last six months as a consequence of a non-existing second-hand market for these older units Maersk Line in the market for ten 16,000 TEU units Maersk Line is in the market for very large container carriers, according to broker sources. Maersk Line has approached shipyards in South Korea and China for ships in the size NIS vessel under fire The Norwegian chemical tanker Bow Saga came under fire from pirates in the early hours of August 3, in the Gulf of Aden. The vessel sent a distress call and Kristina Regina to be floating hotel The Finnish cruise operator Kristina Cruises have sold the cruise vessel Kristina Regina. The vessel will be handed over to the new owner Oy s/s Borea Ab in the Cargo vessel hijacked In the early hours of August 2 the cargo vessel Suez was hijacked in the Gulf of Aden while sailing in the Internationally Recommended Transit Corridor (IRTC), reports EU Navfor 4,9 million barrels of oil from leaking BP well 4,9 million barrels of oil have been gushing out from the BP well in the Gulf of Mexico since late April, according to U.S. authorities. BP has siphoned about 16

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AUGUST 3, 2010
Ship routing technology firm up for Environmental Protection award AWT estimates that its routing services save the shipping industry more than $166 million on fuel and over a million tonnes of CO2 annually. Strong gains across the board Sharpest price increases seen in southern Europe. Call for early review of supply and quality of Annex VI compliant fuels Industry organisations want MEPC correspondence group to establish a monitoring and reporting programme with regards to marine fuels meeting sulphur limits. Prices firm for fourth day Tight barge schedules for some Fujairah players. No role for China at Sri Lankan bunker terminal Sri Lanka Ports Authority will keep control of operations at Hambantota. Bunker hedging losses reported by Pacific Basin Dry Bulk operator blames fall in bunker prices for weaker half-year profits. Lukoil unit in JV to expand Barcelona terminal Investment will boost oil product flow through the port by 50%, says Spanish partner. New trader at KPI's Istanbul office Appointment is to 'accommodate growth'. IFO prices continue to climb Demand for bunker fuel weak in major Asian ports. Siemens presents system for marine energy management First system to optimise energy using wide range of onboard processes, company says. Former BP employees offered millions by Brightoil BP's court submission document highlights details of sign-on fees. 380 cSt supply disruption continues at Karachi Refinery producing bonded 380 cSt product still closed for maintenance.