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Dalian Port recovering slowly from July blast
Dalian Port, north China's largest port operator, continues to feel the effects of a major explosion at the complex in July, with operations not expected to completely return to normal until early next year, a top executive said yesterday.
China Cosco upbeat on 2011 outlook
China Cosco Holdings Co, Asia's largest shipping line by market value, expects 2011 to be a 'good year' as an economic rebound will encourage businesses and consumers in the US and Europe to resume spending.
Global marine insurance premiums dip 2% in 2009
Total global marine insurance premiums dropped 2 per cent in 2009 as insurers were hurt by a drop in trade volumes.

Strait Talk

A welcome, lucid look at maritime realities
A COUPLE of weeks ago, Tommy Koh, chairman of the National University of Singapore's Centre for International Law, delivered the 4th Maritime Leaders Speaker Series lecture on the theme 'Singapore and the Sea: Strategic Significance and Opportunities for Young Singaporeans'.

Shipping Times

Japan to back bid for US train deal with loans
Japan said it's ready to lend California money to help pay for a planned high-speed railroad as trainmakers from Asia to Europe compete for work on a project that will cost at least US$40 billion.
Funding for NY tunnel halted
New Jersey Transit, the largest state-wide mass-transit network in the United States, froze new spending on an US$8.7 billion rail tunnel into Manhattan after the federal government estimated the project may run US$1 billion over budget.

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Shipping News

Dalian Port recovering slowly from July blast
Dalian Port, north China's largest port operator, continues to feel the effects of a major explosion at the complex in July, with operations not expected to completely return to normal until early next year, a top executive said yesterday.
China Cosco upbeat on 2011 outlook
China Cosco Holdings Co, Asia's largest shipping line by market value, expects 2011 to be a 'good year' as an economic rebound will encourage businesses and consumers in the US and Europe to resume spending.
Global marine insurance premiums dip 2% in 2009
Total global marine insurance premiums dropped 2 per cent in 2009 as insurers were hurt by a drop in trade volumes.

Strait Talk

A welcome, lucid look at maritime realities
A COUPLE of weeks ago, Tommy Koh, chairman of the National University of Singapore's Centre for International Law, delivered the 4th Maritime Leaders Speaker Series lecture on the theme 'Singapore and the Sea: Strategic Significance and Opportunities for Young Singaporeans'.

Shipping Times

Japan to back bid for US train deal with loans
Japan said it's ready to lend California money to help pay for a planned high-speed railroad as trainmakers from Asia to Europe compete for work on a project that will cost at least US$40 billion.
Funding for NY tunnel halted
New Jersey Transit, the largest state-wide mass-transit network in the United States, froze new spending on an US$8.7 billion rail tunnel into Manhattan after the federal government estimated the project may run US$1 billion over budget.

web site

Shipping News

Dalian Port recovering slowly from July blast
Dalian Port, north China's largest port operator, continues to feel the effects of a major explosion at the complex in July, with operations not expected to completely return to normal until early next year, a top executive said yesterday.
China Cosco upbeat on 2011 outlook
China Cosco Holdings Co, Asia's largest shipping line by market value, expects 2011 to be a 'good year' as an economic rebound will encourage businesses and consumers in the US and Europe to resume spending.
Global marine insurance premiums dip 2% in 2009
Total global marine insurance premiums dropped 2 per cent in 2009 as insurers were hurt by a drop in trade volumes.

Strait Talk

A welcome, lucid look at maritime realities
A COUPLE of weeks ago, Tommy Koh, chairman of the National University of Singapore's Centre for International Law, delivered the 4th Maritime Leaders Speaker Series lecture on the theme 'Singapore and the Sea: Strategic Significance and Opportunities for Young Singaporeans'.

Shipping Times

Japan to back bid for US train deal with loans
Japan said it's ready to lend California money to help pay for a planned high-speed railroad as trainmakers from Asia to Europe compete for work on a project that will cost at least US$40 billion.
Funding for NY tunnel halted
New Jersey Transit, the largest state-wide mass-transit network in the United States, froze new spending on an US$8.7 billion rail tunnel into Manhattan after the federal government estimated the project may run US$1 billion over budget.

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Shanghai tops Singapore as world's busiest container port Shanghai Containerised Freight Index takes biggest loss HSBC study expects freight rates, volumes to soften in 2011 DP World safe, lenders Dubai World agree on debt terms Chinese, US officials pledge greater regulatory co-operation Fujian container throughput up 25pc in first eight months Zhangjiagang first 7-month box volume up 39.9pc to 620,000 TEU California seeks China investment for high-speed LA-Frisco line Views differ on how good APL August numbers look Central China's Wuhan rail container hub put into operation CEVA renews contract with Honda Logistics Europe Prince Rupert, Prince George join to take more transpac market share Airbus in talks with China to sell 150-aircraft: report Mauritius plans to launch direct flights to China New cargo airline to focus on Brazilian market Air and sea cargo is up, bringing jobs back to Toledo Philippines looks towards freight growth

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Brazil co. to take Chinese loan to build 12 ships LRS India, Rushabh Sealink's new venture, offers onsite wireless solutions Indira Gandhi Rajbhasha Shield awarded to MbPT again Air freight fall has begun-IATA Railways selects 7 cos to build 17,670 wagons Booming industry boosts indirect tax mop-up CITI seeks calibrated cotton exports to help textile industry keep costs low Economic partnership pact with Japan Govt to take wider view of oil price decontrol Innovate to beat outsourcing curbs - Infosys chief Land acquisition hassles & green walls will be cleared for foreign steel cos, assures Misra More realistic WPI brought into effect Ohio ban on outsourcing may hit Indian IT cos Press Note 1 may be scrapped RBI forms panel to study monetary policy operating procedure Rubber, tyres import duty disparity to be settled in a month Trade with Poland seen doubling by '13 Quid pro quo by US vital to break trade impasse-Khullar

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SEPTEMBER 13, 2010
DB opens container depot at Nuremberg's inland port The German service provider DB Intermodal Services GmbH has put a new container depot into service at Nuremberg's inland port. The depot covers some 53,000 sqm and offers space for... UK government plans to sell and privatise Royal Mail The UK government has plans to privatise and sell off the postal delivery operations of the Royal Mail, saying that privatisation is essential to the service's survival. Under the ... Groupe Heppner to build new general cargo platform in Metz The French transport and logistics company Groupe Heppner has announced that it is going to build a new terminal for general cargo activities in Metz (eastern France). The bui... BLG Logistics lands major contract from Volkswagen Following an international call for tenders, the German company BLG Logistics Group, based in Bremen, was selected to forward completely knocked down shipments (CKD) for Volkswagen... Port of Antwerp: second lock on left bank operational in 2016 The port of Antwerp (Belgium) has announced that the construction of the second lock in the Waasland port zone is scheduled to start after the building industry's 2011 summer holid... DHL names new head of airfreight in Germany DHL Global Forwarding has chosen Thomas Kuhles to head its airfreight division in Germany. He took over the position from Christian Stingl at the beginning of August. The latter de... Indonesian cargo carrier starts Singapore service The Indonesian freight-only carrier Tri-MG Intra Asia Airlines began scheduled services to Singapore's Changi Airport yesterday (12 September). The airline will add another 20 week... JAL Group sells entire stake in JAL Logistics to Hamakyorex Japan Airlines Corporation (JAL) recently announced that its subsidiary, Japan Airlines International (JALI), will sell its entire stake of 72% in JAL Logistics Co to Hamakyor...

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SEPTEMBER 14, 2010
Atwood Oceanics picks name for newbuild DP semi STX Europe books another order for LNG-fueled PSV Vale gets $1.229 billion Chinese financing for giant ore carrier newbuilds EU to "name and shame" shipowners with poor PSC performance Two kidnaped from dredge in Cameroon harbor DRD Towing enters guilty plea

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SEPTEMBER 14, 2010
Port of Bellingham schedules director candidate reception Cargill taps Poussot for Board of Directors Corps of Engineers sets Columbia/Willamette lock schedule Commerce Secretary discusses goods and services trade report Target presents APL with excellence award

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SEPTEMBER 14, 2010
Shanghai Shipping Exchange defends integrity of boxship freight indices Indices use authentic data, are accurately calculated and internationally audited, says exchange president Zhang Ye Boxship demand set to outstrip supply in 2010 US shippers sound alarm over Shanghai Exchange Shanghai index points to recovery Germanischer Lloyd denies plan to axe Asia jobs Leaked paper reveals sweeping cuts to workforce in Korea and the Philippines Germanischer Lloyd job cuts signals shift in... Specialised reefer fleet to shrink further Sector faces competition from container carriers but seaborne reefer volumes set to... Big ships recast dry bulk landscape NYK and BHP Billiton in 12-year iron ore contract First long-term contract between the two to ship ore from Western Australia to China.... Global iron ore giants adopt different...

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SEPTEMBER 14, 2010
Kuwait plans port expansion THE KUWAIT Ports Authority is considering a major expansion plan, which includes the development of six new ports, according to Dutch engineering company DHV Green Reefers issues new shares NORWAY'S Green Reefers today issued new shares in the company that will be tradable on the Oslo Stock Exchange from tomorrow TTS inks two new contracts NORWAY'S marine equipment company TTS today said it has signed two contracts worth about $10.1M Floating storage false hope? JP MORGAN analyst Jonathan Chappell predicted today that tanker owners counting on floating storage to rescue 4Q10 rates "will be vastly disappointed" Cheap way to list bonds OSLO'S stock exchange told Fairplay today shipping companies can use a new, cheaper and simpler way to list bonds EU to 'name and shame' NEW RULES to improve ship safety have been introduced by the EC

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SEPTEMBER 14, 2010
Many Shippers Ready to Challenge Rail Rates Massport Receives Former Oakland Cranes Asiana Launches Korea-Atlanta Freighter CEVA Names Ocean Freight Chief NY-NJ Port OKs $1 Billion for Bayonne Bridge Vessel Movement Stopped at Nehru Terminal Washington State DOT Adds to Infrastructure Plans Truckload Demand, Pricing Seen Still Rising Longshoremen Approve Hanjin Contract in Jaxport Shipper Groups Merge to Push Heavier Trucks US Business Inventories Grew 1 Percent in July Retailers Cite Promotions in August Sales Boost Container Ship Charter Rates Edge Higher Struggling JAL Sells Logistics Unit Retail Sales Ease Recession Fears INTTRA, Descartes Form Service Alliance Analyst Warns Container Vessel Surplus Looming

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SEPTEMBER 14, 2010
Antwerp set for further expansion TFG secures ISO certification Kenya pushes ahead with Lamu project GIC plans IPO to fund logistics assault SA exporters encouraged to tap China and India

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SEPTEMBER 14, 2010
Varouxakis may order more FreeSeas boss Ion Varouxakis says 'watch this space' after Greek makes debut newbuilding order at Yangzijiang. Hanjin seals ILA labour deal South Korean container giant strikes labour pact with International Longshoreman's Association over US terminal project. EC plays 'name and shame' game European Commission targets owners and flag states in online list of shoddy ships. FreeSeas books bulkers in China Ion Varouxakis-led Greek lines up financing for two handysize newbuildings but stays mum on yard name. Golar confirms 'special' payday Norwegian LNG player rubber stamps plan to hand-out 10 million shares of Oslo-listed subsidiary. Atwood lands Aussie extension Australian energy giant grabs floater from US drilling player for another six months. NCC axes five tankers at SLS National Shipping Co of Saudi Arabia cancels another five tankers at beleaguered Korean yard over delays. Seanergy CEO still hungry Shares in Greek shipowner jump as Dale Ploughman triples summertime stock splash. Seglem Holding eyeing sales Norwegian tanker player may offload older ships following substantial loss in 2009. Srab reduces first half suffering Swedish tanker owner brings down costs to cut net deficit so far in 2010. Volgograd reaps tanker roubles Russian shipbuilder signs $75m loan deal to finance five vessels for Armada Holding. German tanker in yacht rescue Distressed French yacht crew saved by UK coastguards after German ship provides assistance. Wei: '2011 to be a good year' Cosco chief Wei Jiafu sees return of investor confidence boosting shipping markets, report says. Farstad lines up bond issue Norwegian offshore owner to sell debt domestically to boost corporate funds. Cruise West lays off 65 staff Alaskan operation continues mysterious restructuring following halting of world cruise. Greeks snap up Las Palmas Former Krisax products carrier auctioned off in Denmark for $3.45m. NOL in charter rate jump Singapore national carrier reports a significant rise in average revenue per FEU for the month of July. Wan Hai is top performer Alphaliner study shows Taiwanese shipowner had the highest operating profit margins so far this year. Three hurt in lifeboat fall Six more crew plunge into water after line snaps during safety drill on BP aframax off UK. World Fuel eyes share sale US-listed marine bunker player set to sell up to 7.6m new shares with eye on acquisitions. Mermaid seals Gorgon gigs Australian offshore vessel operator wins trio of contracts for Chevron-backed LNG venture. Svitzer fined over missing paper Maersk-owned tug group pleads guilty to employing master without certificate in UK. Passenger held as "prostitute" Mistaken identity blamed for arrest of woman as she stepped off cruiseship with baby in Florida.

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SEPTEMBER 14, 2010
Drewry forecasts 'modal war' in reefer trades Zim to raise transatlantic rates APL sees volumes, rates increase World operates B747 freighter for Jade Schenker building facilities in Finland NATO deploys Savi routing hub system Molinari heads CSCMP Pittsburgh Roundtable DHL adds transpacific LCL service Damco to track Puma's carbon footprint

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SEPTEMBER 14, 2010
New Danish shipping company founded United Nordic Shipping (UNS) is the name of a new Danish shipping company that has been established by Sydfyenske Holding-owned Thor Rederi and Rederiet Otto Danielsen, which is a EU-fleet fears new piracy wave As the monsoon period is coming to its end and the weather is stabilising in the Indian Ocean, the number of attacks is expected to increase and vessels will have

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SEPTEMBER 14, 2010
BV onboard with LNG fuel developments Involved in project to develop LNG storage and supply system for main propulsion of 1,000 TEU container ship. Pakistan refinery set to reopen this week Flood damage left supplies to bunker market 'tight and unpredictable'. Strong distillate gains in south Europe Two suppliers in Piraeus report fully committed barge schedules until September 16. Fujairah suppliers 'fully committed' Prices steady in Durban. Super yacht marina offering duty free marine fuel Porto Montenegro has 107 metre jetty dedicated to supplying bonded bunkers. ENOC scales down its presence in Singapore Decision comes two months after company stopped offshore bunker operations in Fujairah. Regulations could 'jump start' investment in LNG bunkers LNG's future as a marine fuel will depend on shipping's attitude to exhaust gas scrubbers, say Poten & Partners. Bonded bunker sales in Japan fall 6.3% month-on-month Weak demand in July due to high bunker prices. Tokyo's IFO prices firm as demand improves Demand generally quiet in other key Asian bunker hubs on Tuesday. Sinopec eyes early October launch at Tianjin port Plans to start bonded bunker operations at Guangzhou port facing delays. Singapore supplier signs landmark Chinese deal To build Fujian storage facility 'two to three' times bigger than Singapore's Universal Terminal; signals intent to enter Chinese market. GS Caltex to keep run rates for bunker fuel unchanged Vacuum residue hydrocracker unit starting operations in October.