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China Cosco wins target rise in rates
China Cosco Holdings Co, China's largest container line, said it has won a targeted increase in transpacific rates, bolstering industrywide efforts to end losses.
Breaking new ground in marine technology
IT has been a tradition and a fact too, that new technologies or innovations always start onshore before they go offshore. Baby boomers born between 1940s and 50s witnessed the boom in technology and invention, which easily surpassed all inventions in the past five centuries. Communications technologies transformed from cable, telex, fax, to e-mail, from land line phone to mobile phone. Power generation changed from coal and steam to modern nuclear technology.
UK to double rig inspections in North Sea after BP oil leak
British officials said on Tuesday they would double the number of inspections carried out at oil rigs in the North Sea following the disastrous leak at a BP-operated installation in the Gulf of Mexico.

Strait Talk

Young people and the sea
A NEW Japanese study on the future global supply and demand of seafarers predicts that by 2020 the shipping industry will need to recruit an additional 32,153 officers and 46,881 ratings above 2010 figures to meet growing needs.

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Shipping News

China Cosco wins target rise in rates
China Cosco Holdings Co, China's largest container line, said it has won a targeted increase in transpacific rates, bolstering industrywide efforts to end losses.
Breaking new ground in marine technology
IT has been a tradition and a fact too, that new technologies or innovations always start onshore before they go offshore. Baby boomers born between 1940s and 50s witnessed the boom in technology and invention, which easily surpassed all inventions in the past five centuries. Communications technologies transformed from cable, telex, fax, to e-mail, from land line phone to mobile phone. Power generation changed from coal and steam to modern nuclear technology.
UK to double rig inspections in North Sea after BP oil leak
British officials said on Tuesday they would double the number of inspections carried out at oil rigs in the North Sea following the disastrous leak at a BP-operated installation in the Gulf of Mexico.

Strait Talk

Young people and the sea
A NEW Japanese study on the future global supply and demand of seafarers predicts that by 2020 the shipping industry will need to recruit an additional 32,153 officers and 46,881 ratings above 2010 figures to meet growing needs.

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Zim to levy US$175/TEU peak season surcharge from July 1 Evergreen cuts intra-Asia loop from four to three ships Cosco charges US$40/TEU intra-Asia 'imbalance fee' Port of Tacoma stands to lose US$24 million in runaway bond issue China Container Average Freight Index makes steep climb in May FOBAS urges common sense approach to ISO green fuel rule Chongqing-Amsterdam container rail service to start this year US intermodal rail volume returns to November 2008 levels Fujian's traffic investment up 38pc in first four months World Bank lends GAC US$35 million to buy six supply vessels Port Metro Vancouver, CN team up to improve competitiveness Kaliningrad volume up 32.6pc from January to May Central-eastern European truckers hit hard in 2009 downturn Cathay sells HAECO stake to Swire, its biggest shareholder Report predicts 10pc rise in China's air freight volumes Chongqing-Taipei flights start to carry bellyhold cargo Little Rockford makes bids to siphon air cargo from giant O'Hare

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Cost of shipping MidEast oil to Asia crawling up Sailors repulse pirates to retake ship! India, Seychelles ink investment pact $ 10.64-bn apparel exports sewn up in 2009-10 Port Blair declared 13th Major Port Janaki Mukherjee, veteran Port Federation leader, passes away ABG close to acquiring Western India Shipyard Emirates a mover & shaker even on the fashion runway! CWC offers FCI land to create more storage space Expert group wants private cos to manage proposed infrastructure fund Borrower India becomes lender to IMF! Growing economic clout may open OECD doors India unveils its dynamic range of products at 3-day show in Dubai India surpasses top 70 nations in export growth rate during Jan.-March-WTO data 'Reasonable tariffs' on wheat imports likely Fiscal deficit rises by 25 pc Impose 'environment tax' to thwart export of water-guzzling rice, sugar-Plan panel member AIMA, CLaws to hold meet on leadership challenges tomorrow Official wants IMF to issue more SDRs instead of just borrowing

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JUNE 5, 2010
Work begins on port of Miami tunnel project The port of Miami FL (USA) is constructing a USD 1 billion tunnel that will take trucks from the port under Government Cut to Watson Island and the MacArthur Causeway. The fir... Marco Polo call 2010 exceeds the 100 proposals landmark The third Marco Polo II call for project proposals has attracted a record number of submissions in 2010. Some 101 proposals had been received by the call deadline, beating all prev...

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JUNE 8, 2010
Interior issues new offshore drilling safety directive ACB delivers eco tour boat to Alaska Galore Wärtsilä axes Netherlands production jobs Promotion at ACL Magic pipe costs ship operator $850,000 GL issues guidelines on gas as a ship fuel Odfjell reports major savings from AWT ship routing Vitter: Inspect deepwater rigs, don't ban them

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JUNE 8, 2010
Port of Portland nets Climate Registry status Sea-Tac Airport celebrates start of new Delta Air Lines flights Citizenship ceremony held aboard Portland-based Coast Guard cutter Panama Canal Authority Oks Gatun Lake dredging contract Rail carload totals up during month of May

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JUNE 8, 2010
Chinese banks to become less inhibited in ship finance Leading Greek shipping financial consultant says banks will branch out internationally after going through a "maturing process" The declining art of repossession Money-making solutions to the Puntland problem Chinese banks prefer big owners, says Eurofin boss Posidonia 2010: Experts question slow steaming prospects Growing number of experts doubt trend will survive once market picks up speed Go-slows are good news Transpacific box trade capacity up 17% Alphaliner data shows around 50,000 teu in weekly capacity has been reintroduced to... Clarksons looks to double-digit box growth in... Rules to push ro-ro cargo back to roads Emission-cutting regulations to raise operating costs and make sea routes less viable... PierPass under scrutiny as revenues fall and...

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JUNE 8, 2010
BP uptake maxed out BP HAS reached the effective uptake limit of the drill ship Discoverer Enterprise after yesterday collecting 14,800 barrels from its Gulf of Mexico containment cap Cocaine haul found on ship FRENCH customs officials have seized their biggest ever haul of cocaine off the Caribbean island of Martinique, IHS Global Insight reported today Lawyers call for Prestige charges SPANISH prosecutors today recommended charges against the former captain, chief engineer and first officer of the tanker Prestige EU NAVFOR 'gets act together' EU NAVFOR's operation commander Peter Hudson told Fairplay today that the force has "finally gotten its act together" in working with shipping to stop piracy DNV pushes LNG for shortsea NORWAY'S classification society DNV has suggested that the fueling of shortsea vessels with LNG be considered in the Baltic and North Sea Emissions Control Areas Hanjin box seizures sought INTERMODAL containers leased by Hanjin Shipping have been targeted by multiple lawsuits across the US 12 killed in ferry sinking AT LEAST 12 people were killed today when a ferry capsized in northeastern Bangladesh

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JUNE 8, 2010
Coast Guard Issues Hefty Pollution Fine Heartland Express Upgrades Fleet with Class 8 Tractors Port of Long Beach Begins Dredging Project Apple Heads AMR's Supply Chain Top 25 Toll Group Acquires DPEX from Qantas Shanghai Air Freight Rates Jump 18.4 Percent Railcar Activation Slows Significantly in May US Intermodal Hits Record Pace in May Cathay Announces First Trans-Atlantic Cargo Service Emirates Adds 32 Superjumbo A380 Orders Port Blair Named India's 13th Major Port Cargo Volume Up 3.5 Percent at India's Ports ProLogis Signs New DC Deals Panama Canal Chooses Belgian Dredging Firm CBP's Bersin Pledges Cooperation With Industry Diesel Price Falls Fourth Straight Week

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JUNE 8, 2010
Zim Line to sell subsidiary DP World invests in Aden Danaos bullish on recovery and funding National port strike looms in Nigeria APL introduces SMARTemp

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JUNE 8, 2010
Derna eyeing larger multi-purpose ship Evi Hatzidakis of Greek owner Derna Carriers reckons the price is right at the moment for some fleet expansion. Worldwide ties up demo deal Saipan salvage outfit gets green light to demolish MarAd "ghost fleet" in effort to bank scrap metal cash. Greek brokers 'take it personally' Maria Kouliga-Pavlou urges Greek owners to turn back on foreign insurance brokers and stay at home instead. Deiulemar ship faces US seizure Bunker broker wastes no time in urging US judge to arrest Deiulemar bulker tied to fuel oil fracas. FSL hit by second seizure Another First Ship Lease tanker has been seized in a dispute over unpaid bunker bills. 'Tragic' bulker hits auction block Naval authorities plan to offload abandoned Turkish ship that erupted in flames while sailing off the Brazilian coast. TEN amends payout timetable Board of directors at Tsakos Energy Navigation revise semi-annual dividend strategy to combat share price slide. Bonus cut hits Braemar boss CEO Alan Marsh collected less than '1m last year as London-listed broker sliced its bonus payments. Laid-up capacity continues to shrink Almost 30 boxships returned to the market in the past fortnight helped by strong seasonal demand. Order changes 'a wake-up call' Lloyd's Register CEO says market collapse 'saved us from ourselves' but sees no nightmare cancellation scenario. Crew praised for fire response UK accident investigators say blaze on wind farm support ship tackled quickly off Scotland. Wartsila confims Dutch closures Finnish engine maker to axe 570 jobs by mothballing propeller and component plants. Oil services 'unattractive' Goldman Sachs cuts rating for sector amid fears over the lasting effects of the Deepwater Horizon tragedy. Jean-Claude Potier dies Cruiseship company's founder dies at home in Tahiti aged 82. Sevan nets $230m FPSO loan ING Bank will provide cash for Oslo-listed owner which will cover FPSO upgrade. Make a power point about the top 100 Have your say about TradeWinds' listing of the shipping industry's top players and influence who will be included in our next Power 100. Tanker price spurt tipped to end VLCC price rises will ease as ship values are climbing faster than rates, analyst says. Samoa in yard tussle Pacific island government's takeover of MYD Samoa shipyard complicated by bankruptcy filing. Handy profit for Greek owner Athens-based Thenamaris sells handymax bulker for almost double what it shelled out for the ship in 2002. Erria fixes second tanker Danish owner wins three-year deal from Argentinean operator for Erria Anne. Crude Carriers 'attractively priced' Post-IPO share slump and strong tanker asset values lead Fearnley Fonds to lable Evangelos Marinakis-led company a buy. Helix Energy CEO takes big bite Chief executive of New York-listed offshore owner snatches shares after bagging big BP cleanup contract. Nigeria returns ro-ro cargo Containers of used fridges sent back on Dutch cargoship from Tin Can port. Taxing times for London Greeks TradeWinds TV corners London's Lord Mayor to assess if maritime relations between two countries are on the slide. Pipavav linked to Sembcorp deal Report suggests Indian and Singaporean shipbuilders in talks over joint venture. Greek fined $850,000 Shipmanager Cooperative Success Maritime gets hefty penalty in US for "magic pipe" use. Hellenic offloads Breeze Fotini Karamanlis-led bulker owner sells panamax bulker to unnamed Chinese buyers. Petrobras tackles oil leak Brazilian energy giant controls spillage from production platform during crude transfer to tanker. Russian nuclear waste ship sinks Laid-up Severka goes down at Aleksandrovsk shipyard in Russia. Oceaneering slashes estimates US offshore contractor cuts full-year forecasts by 14% due to ban on drilling in the Gulf of Mexico. Cosco wins Pacific rate rises Container line CSCL extracts another $800 per feu from shippers between Asia and US. Tauranga set to dredge New Zealand port set to be allowed to go ahead with plans to improve access for larger containerships. China in Maersk port move Shanghai International Port Group is to acquire a 25% stake in APM Terminals Zeebrugge.

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JUNE 8, 2010
Zim to sell marine services unit Transpacific capacity on upswing APL tracking reefers by satellite IATA forecasts '10 airline industry profit Toll acquires express company from Qantas Rail traffic stats a mixed bag Bersin promises open ear to trade RedPrairie appoints executives Panama awards dredging contract

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JUNE 8, 2010
P&O newbuilding launched at Rauma shipyard The Spirit of Britain, the first of two car and passenger ferries for P&O Ferries, was launched at STX Europe's Rauma shipyard on June 8, 2010. When the ferry Norrøna operates from Hanstholm This weekend Smyril Line starts its summer sailings from Hanstholm to Torshavn with the ferry Norrøna. During the winter period Smyril Line operated from Esbjerg. The schedule is as follows

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JUNE 8, 2010
Modest price changes amid no clear trend Fewer suppliers offering 1.50% low sulphur fuel in Rotterdam. Bergen Bunkers opens its Oslo office Company now has 13 brokers and traders. Mixed market moves Fujairah IFO prices bouncing back while Durban falls. Yujin stops bunker trading But strong performance from Singapore bunker market helps bunker tankers return 'positive results'. Survey of distillate fuels highlights quality and quantity issues DNVPS says 'minor quality glitch could lead to massive flow of off-specification products into the market.' Chemoil strengthens New Orleans operation Second bunker barge introduced. IFO prices firm, demand softens in major ports Some suppliers in Tokyo Bay 'inflating' prices to avoid selling limited products, traders say. Norwegian tech firm to launch fuel-saving software Kongsberg Marine says additional data can be used to 'enhance vessel performance and reduce emissions.' Sinopec to 'rival' Chimbusco bunker sales Sinopec Fuel Oil Corp a force to be reckoned with, say local Chinese bunker traders.