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Shipping News

STX Offshore wins US$1.4b vessel order
STX Offshore & Shipbuilding Co, owner of Europe's largest shipyard, said it won a US$1.4 billion order to build 10 container ships for a European shipowner, its biggest contract in more than three years.

Strait Talk

Shippers may win battle only to lose the war
THE Competition Commission of Singapore is currently holding a public consultation on Proposed Block Exemption Orders that would enable the liner shipping industry to continue to operate the so-called conference system.

Motoring

Singapore queue for $1.25m Lexus continues
SINGAPORE has been allocated a fifth unit of the limited edition Lexus LFA supercar and authorised distributor Borneo Motors Singapore is hoping for a sixth because of its 'waiting list'.
GM's Volt fizzles rather than sizzles
General Motors (GM), the largest US carmaker, is disputing accusations that its low-emission Chevrolet Volt is a hybrid and not a true electric vehicle a month before the car goes on sale.
China September car sales up 19%, Q4 growth seen
Carmakers in China shipped 19.3 per cent more passenger cars to dealers in September from a year ago, official data showed, extending a rebound begun in August ahead of the peak car sales season.

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Shipping News

STX Offshore wins US$1.4b vessel order
STX Offshore & Shipbuilding Co, owner of Europe's largest shipyard, said it won a US$1.4 billion order to build 10 container ships for a European shipowner, its biggest contract in more than three years.

Strait Talk

Shippers may win battle only to lose the war
THE Competition Commission of Singapore is currently holding a public consultation on Proposed Block Exemption Orders that would enable the liner shipping industry to continue to operate the so-called conference system.

Motoring

Singapore queue for $1.25m Lexus continues
SINGAPORE has been allocated a fifth unit of the limited edition Lexus LFA supercar and authorised distributor Borneo Motors Singapore is hoping for a sixth because of its 'waiting list'.
GM's Volt fizzles rather than sizzles
General Motors (GM), the largest US carmaker, is disputing accusations that its low-emission Chevrolet Volt is a hybrid and not a true electric vehicle a month before the car goes on sale.
China September car sales up 19%, Q4 growth seen
Carmakers in China shipped 19.3 per cent more passenger cars to dealers in September from a year ago, official data showed, extending a rebound begun in August ahead of the peak car sales season.

web site

Shipping News

STX Offshore wins US$1.4b vessel order
STX Offshore & Shipbuilding Co, owner of Europe's largest shipyard, said it won a US$1.4 billion order to build 10 container ships for a European shipowner, its biggest contract in more than three years.

Strait Talk

Shippers may win battle only to lose the war
THE Competition Commission of Singapore is currently holding a public consultation on Proposed Block Exemption Orders that would enable the liner shipping industry to continue to operate the so-called conference system.

Motoring

Singapore queue for $1.25m Lexus continues
SINGAPORE has been allocated a fifth unit of the limited edition Lexus LFA supercar and authorised distributor Borneo Motors Singapore is hoping for a sixth because of its 'waiting list'.
GM's Volt fizzles rather than sizzles
General Motors (GM), the largest US carmaker, is disputing accusations that its low-emission Chevrolet Volt is a hybrid and not a true electric vehicle a month before the car goes on sale.
China September car sales up 19%, Q4 growth seen
Carmakers in China shipped 19.3 per cent more passenger cars to dealers in September from a year ago, official data showed, extending a rebound begun in August ahead of the peak car sales season.

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Chittagong box handling beset with labour strife, violence Emirates Shipping co-loads with HMM on Korea-China-India loop China to start construction of railway connecting Laos Alashankou checkpoint trade volume up 9.8pc in first eight months Party boss tells Nanning-Guangzhou railway builders to speed up DB Schenker Salzburg's logistics hub linked to railway Experts differ whether developing world 3PLs will join top 10 OECD data tells export economist that weather's worsening Questions raised on why Nova Scotia needs new box shops U-Con, Air Canada to set up N America joint venture BA World Cargo picks Canada's Descartes logistics IT St Louis gets boost with Alaska Air Cargo Seattle flights

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MOL vibes with customers in Diu as part of 4th anniversary celebrations Safmarine forms Indian Subcontinent region with hq. in Mumbai Houston channel opened to tanker traffic JNPT adjudged 'Container Handling Port of Year' at MALA KoPT roping in private sector for dredging channel NMPT may develop container terminal on its own Port Pipavav positions itself as ideal gateway for Punjab Ships await 10-15 days for berth at Chittagong Single nodal agency/separate Ministry vital to boost infrastructure Policy to cut export transaction costs soon, assures Scindia

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OCTOBER 11, 2010
Fujitsu and Fiege extend collaboration deal Fujitsu General (Euro) (FGE) and Fiege, a prominent German logistics service provider, have renewed and extended their cooperation in Poland, which commenced in 2005. The deal envi... Agility appoints Steve Whittingham as MD for Korea and Japan Agility, a leading global logistics provider, has appointed Steve Whittingham as managing director for Korea and Japan, as the company strengthens its management team in these grow... APM Terminals takes 50% stake in Brazilian facility APM Terminals, which is part of the Maersk group, has taken a 50% stake in the Brasil Terminal Portuario container terminal (BTP), which was built by the company Europe Terminal, w... "Beluga Stavanger" loads almost 1,000 t with own cranes The construction unit "Kurt", which weighs almost 1,000 t, is anything but light duty. In a remarkable tandem lift the "Beluga Stavanger" used its own crane gea... DSV adds South Africa branch to network DSV Air and Sea Holding has set up a subsidiary in South Africa. The South African unit recently agreed to acquire the activities of Transmedit Forwarding (Proprietary), which is c... Canada to invest USD 3 billion in India's road projects Canada has promised to invest USD 3 billion in India's highway projects in the next five years. With this project Canada will turn its focus to India, and away from the U...

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OCTOBER 12, 2010
Salazar lifts deepwater drilling moratorium Austal awarded construction contract for JHSV 4 and JHSV 5 Canada short-lists yards to build large ships Jurong books FPSO conversion order Yangzijiang Shipbuilding acquires equipment manufacturer

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OCTOBER 12, 2010
Port of Seattle FTZ becoming more efficient NYK operated vessel may be under pirate control Port of Houston VP leaving for private sector post Astoria Port Commission plans meeting in Seaside Northern Lights earns ISO 9001:2008 designation

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OCTOBER 12, 2010
Investors eye UK marine services firms Sector estimated to be worth around $2.5bn DP World puts London listing on hold Posidonia 2010: Greeks losing faith in London fundraising Globus seeks shareholders' nod as it eyes US listing Transcontainer plans partial IPO Company to test foreign investor interest with London and Moscow placements Sovcomflot targets 2011 to launch IPO Conti bullish on smaller boxships income Charter income from smaller sized vessels expected to beat pre-crisis levels Small boxships squeezed out by newbuilds Bangladesh High Court fires fresh salvo in scrap dispute Government bodies told not to issue beaching permits unless buyers have green... Bangladesh move lifts Indian demolition rates

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OCTOBER 12, 2010
Collision causes jet fuel spill A LARGE amount of jet fuel has leaked into the water after a collision this morning between a tanker and a box ship off the Netherlands, Fairplay was told Google plan would aid shipping GOOGLE'S investment in an underwater 'electrical spine' along the US East Coast could crack open a new market for wind farm project cargo, Fairplay has been told Strike stirs French fuel fears FRENCH refinery workers today joined the strike by oil terminal workers in Marseilles, raising fear that fuel shortages would result Agents slam Israel tariff rises MAJOR increases in Israeli port tariffs are more likely to damage its trade prospects than generate more revenues, Israeli ship agents told Fairplay today September Suez revenues fall SUEZ CANAL revenues fell in September compared with August's results, IHS Global Insight reported today Cargo ship sinks off Malta A TURKISH general cargo ship has reportedly sunk off Malta Scorched box ship towed A BOX SHIP involved in an engine room fire has been towed to Cape Town for inspection and repair Conti revisits bulker spree Spanish oil spill cleared Fire costs DFDS $1.6M Sydney, Auckland post rises Fortescue refinances for growth Putin tells LNG port plan Arctic sees cooling VLCC market Capesize spot rates stall

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OCTOBER 12, 2010
Executives: Election Results Will Not Affect Clean-Air Rules Diesel Soars 6.6 Cents to $3.066 Per Gallon State Officials Cheer Obama Transport Funding Plan CargoSmart Launches EU Import Filing Service MSC Imposes Low-Water Surcharge on Rhine Cargo New York Teamster Leader to Run Against Hoffa Baltimore Containers Surge to Second-Highest Month SCI Hikes Rates from India to Europe Trucking Employment Slips in September French Dockworkers Join Nationwide Strikes INTTRA Gains Three New Patents Somali Pirates Hijack Japanese Breakbulk Ship SDV Opens Logistics Offices in Poland Beluga, Hochtief Order Jackup Ship Container Terminal Operators Face Strong Competition Frankfurt Cargo Jumps 15.4 Percent

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OCTOBER 12, 2010
APM Terminals improves safety PANYNJ & CSX celebrate opening of Liberty Corridor France shuttered by another strike Box ship holes tanker Yang Ming leaps on the North East/South East Asia bandwagon

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OCTOBER 12, 2010
Brazil offers hope for offshore Brazilian spot market may be stuck in the infant stage but a broker at RS Platou believes in the 'new' South American dream. Tsakos inks trio of charter deals Nikolas Tsakos-led Greek keeps vessel and charterer names under wraps in new deals worth up to $53.5m. Magellan Star pirates face trial Kenya's resolve on piracy trials to be tested as US Navy hands over nine men caught on German boxship. Bangla accident 'kills three' Shipbreaking under more scrutiny in Bangladesh after three men allegedly crushed under metal plate. Indonesia gets tough on tax Owners of 400 domestic-flagged ships need to pay import duty, shipowners' association says. X-Press feeds terminal giant DP World Southampton linked to Scandinavia for the first time in a decade as UK feeder player launches new loop. Safe bulker fixed Mystery patron poised to pay $20,250 per day for panamax controlled by Polys Hajioannou-led dry-bulk outfit. Economou tanker in boxship smash Cardiff Marine aframax Mindoro said to be leaking after collision with Bernd Becker boxship off Netherlands. Fairstar foresees spot strength Dutch heavy lift owner clinches second million-dollar spot deal in less than a week. Energy giants call Capital Evangelos Marinakis-led owner sheds light on fixtures linked to BP and Petrobras. Loan hope for Orlova crew Owner of Russian cruiseship held in Canada over unpaid debts trying to raise money to free vessel. Maersk warns on costs squeeze APM Terminals chief Kim Fejfer says overcapacity in developed nations' ports leading to pressure from emerging economies. STX confims box splash Korean yard to build four 13,000-teu vessels with six options, with Zodiac believed to be client. Gun fights in pirate ports Shipping minister captured as deadly fighting erupts in town where Samho Dream and other ships are being held. Q4 rally hopes killed off Huge vessel oversupply and an absence of floating storage contracts sounds death knell for significant fourth quarter tanker rebound, says Arctic Securities. Golar written into Java script Oscar Spieler-led Golar LNG Energy named preferred bidder for Indonesian FSRU project. Polys completes single-hull clearout Greek owner Polys Haji-Ioannou has sold his last single-hulled tanker ahead of newbuilding arrivals. Ukraine yard liquidated End of the road for shipowner Ukrrichflot's Chernihiv repair plant. Rodosi damaged in clash NewLead bulker needs repairs to hull gash as probe starts into Australian collision that sank tuna boat. Conrad wins NC ferry order North Carolina adds second Sound Class vessel at Orange Shipyard in Texas. Crew saved after Turkish ship sinks All 16 men picked up following Aynur Krk's engine failure and flooding off Malta. Jurong wins Teekay FPSO SembCorp Marine's Jurong Shipyard to carry out conversion works on FPSO bound for Brazil. Ferry blaze costs small DFDS says the financial impact from the weekend's Baltic ferry fire will likely be under $2m. Jan De Nul wins Peru gig Belgian dredging contractor to deepen access at one of Latin America's largest container ports. OOCL to lift rates again Hong Kong owner to raise rates on North East Asia-Australia service despite impending slowdown. Man lost from Balmoral Search called off for passenger thought to have fallen from Fred Olsen ship off UK. Superferries auctioned off US maritime administration snaps up bankrupt Hawaii Superferry ships, for which it is owed $135.7m.

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OCTOBER 12, 2010
Drewry: Box carriers wrest back control U.S./Mexico ro/ro link starts in November APL: Rates, volumes higher than in 2009 ALTA adds United, Mercator to roster September intermodal rail traffic surges McLeod Software branches out to LTL market Schulz to head intermodal at DB Schenker Rail Q3 cargo thefts decline, security firm says Vanguard names Kewalram global COO N.Y.-N.J. port seeks bridge replacement bids APM-T: Violations cause half of terminal accidents Cleveland port taps Gutheil as VP

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OCTOBER 12, 2010
Berg gets a foothold in Brazil Gothenburg-based Berg Propulsion has secured the first contract in Brazil since the company opened its new office in Rio de Janeiro earlier this year. Berg will equip a 64 SRAB again in deep trouble SRAB Shipping in Stockholm announces that it is forced to establish a balance sheet for liquidation purposes. In connection with the Q3 report, the company has made an assessment of Finnish shipping companies expect better times According to a poll conducted by Shortsea Promotion Centre (SPC) Finland, the shipping companies in Finland believe that the bottom has been reached and that the trade outlooks is now Collision in the North Sea A Cypriot container vessel, the Jork Ranger, and a Greek tanker, the Mindoro, have collided some 30 kilometres off the Dutch port Scheveningen, Dutch media reports. Nobody was injured but Danish tug of war in Göteborg As of today, the Danish tug operator Nordane Shipping is offering harbour towage and escort towage in the Swedish port of Göteborg. The Danish company has stationed their two latest Baltic Excellent on charter to UPM The Mariehamn-based shipping company Birka Cargo Ab Ltd and the Finnish forest industry UPM-Kymmene have agreed on a long term charter for the ro-ro vessel Baltic Excellent

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OCTOBER 12, 2010
No IFO prompt in Durban Fujairah prices fall. Prices weaken across Europe Congestion continues at Vopak terminal. Fuel spills after vessels collide Kerosene leaks from damaged. Refinery workers walk out French strikes widen. Breakthrough in moves to use hydrogen as marine fuel US researchers say new technology could 'greatly reduce global consumption of fossil fuels'. Iranian ban on foreign bunker purchase in effect Bunker fuel requirements to be fulfilled locally, says traders. General dip in bunker prices Mixed demand at key Asian bunker ports, according to traders. LSFO first for Istanbul Local supplier launching supply of ECA-compliant product this week. STX wins contract to build ten container vessels South Korean yard says ships will use less fuel and emit less CO2 than standard vessels. Ginga Petroleum reopens Singapore distillates desk Three distillates brokers appointed, more to join soon. Bunker spill from passenger ferry in Manila 80 metres at the North Harbor in Manila contaminated, according to the Philippine Coast Guard.