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Shipping News

Anchor Ship may use fund to buy dry-bulk vessels
Anchor Ship Investment Co, Japan's largest ship-fund manager, said it may invest part of a planned 200 billion yen (S$3.16 billion) fund on its first dry-bulk vessels in anticipation of a rebound in Chinese iron-ore demand.
Keppel on track with FPSO conversion
Keppel Shipyard is on track to complete the conversion of a floating production, storage and offloading (FPSO) vessel for Maersk, a long-time customer. In a naming ceremony on Saturday at Keppel Shipyard, sponsor Eva Ruud named the vessel Maersk Peregrino.

Strait Talk

State of shipping: mixed messages
RECENT press releases landing on my desk have carried decidedly mixed messages about the economic state of health of the shipping industry.

web site

Shipping News

Anchor Ship may use fund to buy dry-bulk vessels
Anchor Ship Investment Co, Japan's largest ship-fund manager, said it may invest part of a planned 200 billion yen (S$3.16 billion) fund on its first dry-bulk vessels in anticipation of a rebound in Chinese iron-ore demand.
Keppel on track with FPSO conversion
Keppel Shipyard is on track to complete the conversion of a floating production, storage and offloading (FPSO) vessel for Maersk, a long-time customer. In a naming ceremony on Saturday at Keppel Shipyard, sponsor Eva Ruud named the vessel Maersk Peregrino.

Strait Talk

State of shipping: mixed messages
RECENT press releases landing on my desk have carried decidedly mixed messages about the economic state of health of the shipping industry.

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Shanghai expected to exceed 25.5 million TEU annual target June record month for Far East-US box trade - tops 2007 CMA CGM to conclude sale of minority stake by August DP World misses London listing deadline Hapag to charge US$100/TEU low water St Lawrence River fee Fresh food exporters demand greater supply chain visibility Iran to harass ships if aircraft refuelling 'boycott' continues UAE's Sharjah terminal grows with East Africa/Gulf services APL Logistics teams up with Sumitomo Warehouse Co NYK opens new Wuhan, Wuxi, China branches OWL opens cargo management service offices in Asia WTO rules EU Airbus subsidies hurt US business, workers Continental starts daily Houston-Lagos non-stop flights Business dries up at Anchorage airport, along with jet fuel TSA unlikely to meet August air cargo screening deadline

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CMA CGM sails into better volumes & revenues CMA CGM deploys 2 new vessels on MEX, FAL 5 services Maersk Line charters 4 new mega-ships from Rickmers Maersk Tankers, HHI & DNV join hands to design ships to carry CO2 Box shortage forces Maersk Line to reject shipments & retrieve containers faster Pre-downturn levels by peak season end-Andersen Eurozone crisis pulls down garment exports STC invites bids to import yellow peas DP World, uae Region, wins star Award for prompt plaints redressal Sterlite-Leighton consortium bags contract to build multi-purpose berth at Paradip S. S. Kulkarni now Secretary-General of IPPTA Rlys to get diesel on discount till Sept.-end Rule on cheques with overwriting to be in force from Dec. 1 Import tax on white sugar on cards IMC applauds RBI for repo rate hikes

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JULY 5, 2010
Freja acquires ATS Cargo AB in Sweden On 1 July, the Danish transport and logistics service provider Freja Transport & Logistics A/S took over ATS Cargo AB, based in Växjö, through its subsidiary Freja Transport &a... WCA: Barcelona hosted two successful conferences Barcelona (Spain) was the location for the Sino European Conference from 13-16 June. The event was hosted by the WCA Family and CIFA, supported by the Port of Barcelona. The S... Dachser expanding in Poland Dachser, a global logistics provider based in Germany, is continuing to expand its global logistics network. The Dachser Air & Sea Logistics business segment is setting up its ... Excellent June lifts H1 for Airbus The EADS subsidiary Airbus has reported that it received orders for 117 aircraft in H1/2010. Orders for a total of 131 aircraft went into the book, but contracts for... Rail Cargo Austria names new head of intermodal division Rail Cargo Austria (RCA) made a change to the management of its intermodal division on 1 July. On that date Franz Dirnbauer replaced Erich Rohrhofer as director of the in... SBB Cargo and Hupac establish SBB Cargo International At the beginning of 2011, SBB Cargo, the freight division of Switzerland's national railway SBB, and the intermodal operator Hupac will found a new train operating company that wil...

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JULY 6, 2010
Narco sub could have operated 65 ft below waves Two Louisiana maritime firms face federal charges

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JULY 6, 2010
FMC representatives present views to Subcommittee Sri Lanka maritime cadets training onboard APL vessels NYK Logistics expanding China branch office network Olympia Port Commissioners select advisory committee members OOCL announces changes to management structure

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JULY 6, 2010
German owners slam plans for retrofit funds Slow-steaming subsidy criticised as short-term measure that will not benefit those in trouble Germany rules out loan guarantees for owners Micawber template still applies today State-owned bank to finance slow steaming push Maersk disquiet over state aid package Maersk reacts to news of German aid for slow steaming Investors keen to prop-up ailing German firms State-owned bank to finance slow steaming push Funds to help shipowners adjust engines to better suit slow steaming are believed to... Hamburg urges banks to push slow steaming Tanker sector set for upsurge, says RS Platou Analyst expects much higher earnings and up to 20% rise in asset values The great escape

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JULY 6, 2010
Berlin ship summit falls short GERMAN shipowners returned today with few material achievements from yesterday's Berlin maritime summit Bulker salvage plans formed US COAST Guard and St Lawrence Seaway officials agreed today on a refloat plan for a Canadian-flagged lake bulker that ran aground on 4 July Court orders Trafigura review THE DUTCH Supreme Court today ordered a lower court to review its 2008 ruling that Trafigura Beheer's CEO could not be prosecuted over the dumping of waste at Ivory Coast in 2006 Seabulk Pride dispute settled SEABULK Tankers and charterer Tesoro Alaska have settled a dispute with Alaska over claims stemming from the grounding of the tanker Seabulk Pride in February 2006 Tangier Med volumes rise MOROCCO'S Tangier Med port said it increased throughput by 76% year on year to 9M tonnes during the first half Ford motors ahead with export plan FORD HAS started exporting its Figo models from India to South Africa, IHS Global Insight reported today Take 'er down! ECUADOR has seized a fully submersible submarine designed to transport up to 12 tonnes of drugs per voyage, IHS Global Insight reported today

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JULY 6, 2010
Diesel Price Drops 3.2 Cents to $2.924 per Gallon Court orders YRC to Pay Bondholders $21.6 Million Hong Kong Airport Sets Freight Record CMA CGM Sets Investor Deal Deadline Drewry Warns of Weaker Container Recovery TUI Hikes Hapag-Lloyd Profit Forecast OOCL Appoints New Senior Managers SCI Hikes India-Europe Rates Alitalia Joins Air France-KLM, Delta Alliance Far East-US Container Traffic Hit Record in June LA-LB Clerical Strike Talks Fail Over Holiday Weekend New York To Expand Off-Peak Truck Program (Video) An Electric Truck Demonstration by NDL's Frank Rubino (Video) Container Shipping Rates to Hit Pre-Downturn Levels, Maersk Says Shipping Lines Warn UK on Crew Pay

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JULY 6, 2010
Drewry more optimistic about cargo growth Quadruple naming for Rickmers' behemoths US shipping activity rises despite signs of weakening recovery Transatlantic rates hit pre-recessionary highs Indian fuel strike disrupts transport

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JULY 6, 2010
BNDES bankrolls Transpetro tender Sergio Machado-led tanker titan bags $1.5bn in fresh funds to finance seven Brazilian newbuildings. Peter G powers Greeks to top Greece dethrones China as the largest buyer of dry-cargo vessels with more than a little push from Peter Georgiopoulos. Christmas in New York? Globus could switch its listing from London to New York by the end of 2010 if shareholders show support, says George Karageorgiou. Pemex emerges as EMGS patron Mexican oil giant materialises as mystery major behind largest-ever 3D imaging deal. Master: 'Ten skiffs used in hijack' Hijacked Greek ship anchors close to Golden Blessing as Filipino captain recounts swarm of skiffs used in Sunday's Red Sea assault. Hellespont buys out partners HCI Capital and Peter Dohle sell stakes in Hellespont Hammonia to Phrixos Papachristidis-led group. Hapag-Lloyd eyes big profit German container line's biggest shareholder TUI says box markets have picked up significantly this year. USCG probes tug sinking No injuries or pollution reported after Stafford went down at mooring in Little Rock. Spill worker in lucky escape Crewman survives six-hour ordeal after tumbling overboard vessel during clean-up in Gulf of Mexico. Fund eyes first bulker splash Anchor Ship Investment plans dry-cargo debut after September fundraising, undeterred by tumbling rates. HMM on the rebound Korean shipowner posts bigger than expected second quarter operating profit as rates increase. Cosco bulker brace 'activated' Greek owner pays deposit to secure post-panamax pair at Cosco Singapore. Idle boxship fleet still shrinking Eighteen more vessels removed from idle containership tally as transpacific shipments to US hit a new record. Eidesvik pens PSV at Kleven Oslo-listed owner pays $70m for new platform supply vessel and has an option for another. Saade sets July deadline CMA CGM aims to tie up financing deal by the end of the month as first-quarter results improve. Fred Olsen honoured in Belfast Norwegian shipowner receives honorary doctorate for services to engineering at Harland and Wolff yard. Ukrferry scraps Turkey run Lack of demand puts paid to Ukrainian owner's ro-pax service between Odessa and Istanbul. King Tamatoa leaves Tahiti Former SNCM ferry's brief service in South Seas is over after government refuses further subsidies. Cruiseship tax lawsuit dropped Alaska Cruiseship Association calls off legal action against US state after it lowered controversial levy. Canada boosts ferry ports Marine Atlantic terminals in Nova Scotia and Newfoundland to get CAD 84m facelift. Meling in $60m Kleven deal Stavangar-based owner turns to Kleven Maritime for multifunctional platform supply vessel newbuilding. Maersk makes further C02 move Danish owner teams with Hyundai Heavy and DNV to develop new tankers for carbon dioxide transport.

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JULY 6, 2010
Drewry cautions against recovery hype CMA CGM finalizes outside investment Inspectors detained fewer ships in 2009 U.S.-Barbados open skies reached Two executives leave Swiss WorldCargo Lau to head DHL Express Hong Kong hub Canadian trucking rates rise Ruhr/Moscow container train starts operation

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JULY 6, 2010
Odense bulker on sea trials The fifth capesize bulker in a series of six units from Odense Steel Shipyard is now engaged in sea trials before it will be delivered later this month at Fredericia Mærsk reactivates laid up container vessels A.P. Møller-Mærsk has reactivated all six container ships that have been laid up at Scottish Loch Striven for more than a year. The rates for container transports have increased Fredericia Shipyard compensated by land-owner Fredericia Shipyard has been compensated with DKK 16.7 million from the land-owner Realdania Foundation. The compensation was paid out as the shipyard is leaving the premises before the Kleven to build supply vessel Kleven Maritime has entered into a contract with Meling Supply AS for the building of a multifunctional platform supply vessel, contract value is NOK 375 million. The vessel will be

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JULY 6, 2010
Think-tank calls for refinery at Hambantota Consultant questions long-term viability of Sri Lanka's new port. Prices lack direction in Rotterdam, Hamburg Strike on July 8 in Piraeus may cause delivery delays, local sources say. Fujairah prices show small gains NYMEX showing gains of more than $1 in early trading. Oil spill radar 'successfully tested' Slicks can be detected at night and in stormy weather. Lukoil starts IFO deliveries in Turkey Lukoil-Bunker Istanbul Ihrakiye was established in December 2009. New fuel oil supplier off West Africa Singapore-based supplier expands service with new tanker. Brightoil posts details of loan Credit Suisse agrees $31.5 million loan to Brightoil subsidiary. Prices move in opposite direction Bunker prices in Singapore firmed while prices at other key ports softened. Bunker supplier eyes growth in India Matrix Bharat aiming for 15,000 mt of bonded bunker fuel sales monthly by year end. South American supplier continues supply of 0.70% LSFO Emphasises supply of low sulphur, low vanadium and low metals fuel oil since the year 2000. Singapore bunker barges test Coriolis flow meter Barges fitted with 2,000 mt/hr rated flow meters to undergo trials.