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Greek, Chinese firms ink 14 deals
Greek and Chinese companies signed 14 commercial deals, including for the construction of cargo ships and the export of olive oil, during a visit by Chinese Vice-Premier Zhang Dejiang, officials said yesterday.
HK shipping line on vessel buying spree
Wah Kwong Maritime Transport Holdings intends to increase its fleet to about 30 by early 2012 and has the financing 'in place' for the expansion.
Baltic index at 7-week low; downtrend seen
The Baltic Exchange's main sea freight index which tracks rates to ship dry commodities, fell to its lowest in seven weeks on Monday as weak cargo demand hurt sentiment.
May S'pore bunker sales hit 3rd all-time high

Strait Talk

'Clean' fuel worries
IT is probably possible to get just about any marine fuel you care to specify in Singapore, the world's biggest bunker hub. Of the 36.4 million tonnes supplied last year, however, the vast majority was residual fuel, of various viscosities.

web site

Shipping News

Greek, Chinese firms ink 14 deals
Greek and Chinese companies signed 14 commercial deals, including for the construction of cargo ships and the export of olive oil, during a visit by Chinese Vice-Premier Zhang Dejiang, officials said yesterday.
HK shipping line on vessel buying spree
Wah Kwong Maritime Transport Holdings intends to increase its fleet to about 30 by early 2012 and has the financing 'in place' for the expansion.
Baltic index at 7-week low; downtrend seen
The Baltic Exchange's main sea freight index which tracks rates to ship dry commodities, fell to its lowest in seven weeks on Monday as weak cargo demand hurt sentiment.
May S'pore bunker sales hit 3rd all-time high

Strait Talk

'Clean' fuel worries
IT is probably possible to get just about any marine fuel you care to specify in Singapore, the world's biggest bunker hub. Of the 36.4 million tonnes supplied last year, however, the vast majority was residual fuel, of various viscosities.

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Maersk to levy super surcharge on eve of peak season CMA CGM hikes Asia rates twice, adds peak season surcharges Self-imposed impotence on pirates has ships dumping German flag OOCL Asia-Oz rate increases US$250 per TEU from July 15 Maersk Line wins three AFSCA awards 2010 Shanghai, Chongqing customs explore multimodal co-operation British port volume off 9.5pc in 2009, Felixstowe still tops Southampton APL tops export rankings for US farmers Agility opens 66,000-square metre Shanghai polymer logistics hub Jebel Ali wins Shipping Port of the Year award OOCL names new box ship Savannah in recognition of port Singapore shines at port awards in Shanghai DHL clinches five awards at AFSCA in Shanghai China Post, US Postal Service and eBay sign delivery deal AirAsia bags world's best cargo industry newcomer award Geodis Wilson wins the Airfreight Forwarder award for 2010

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Now, vessel tracking facility on mobiles from OOCL Pestworld opens 3rd of its offices in city Basmati exports post 44 pc increase Drug input imports from 10 Chinese companies banned MPSEZL starts doubling 57-km Mundra-Adipur private railway line Exonerated Bhaty back to beef up KPT's PR setup Eco clearance delay holds up Paradip Port's deep draught berth projects Railways places orders for 1,000 wagons Eastern freight corridor may be financed by World Bank, ADB & Railways BCHAA captain gets MbPT berth Undue delay in notifying M&A provisions keeps CCI toothless Basu figures Q1 GDP growth at almost 9 pc Performance of five critical export sectors to be monitored regularly Inflation should decide RBI's direction on monetary policy-PM's panel Cabinet clears mid-term Plan appraisal paper Trade war feared Rs 2,500-cr. projects hit the road

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JUNE 14, 2010
Spedlogswiss: Paul Kurrus president for another year The 90th annual general meeting (AGM) of Spedlogswiss (the association of Swiss forwarding and logistics companies) was held in Berne this year. At the event, the trade body's pres... Interfracht opens new branch office in Japan The forwarding company Interfracht, based in Bremen (Germany), recently opened a new office in Tokyo. The firm said that Interfracht Japan is its first facility outside E... Wincanton reports drop in sales and earnings in 2009/10 Wincanton plc, a logistics and transport service provider based in Great Britain, recently published its results for business year 2009/2010. Despite a decline in sales and profit,... Ceva Logistics opens new logistics centre near Novara The logistics service and SCM provider Ceva Logistics has opened a third building in the eco-sustainable centre of San Pietro Mosezzo near Novara (Italy). This takes the total...

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JUNE 15, 2010
HUG Engineering to join diesel development cooperation Thad Allen sets up accelerated Jones Act waiver process Wind farm vessel operator gets backing for fleet expansion Austal unveils Wind Express series

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JUNE 15, 2010
Corps holding public meeting for future of Elliott Bay seawall New level of inspections set for Boeing 747-8 freighter Bruner, Newsome earn East Coast Connie Awards General Maritime to offer 25,500,000 common stock shares OOCL adding vessel tracking from customer's mobile devices

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JUNE 15, 2010
Hellenic Register upbeat as Brussels decision looms Classification society confident it will avoid de-recognition but EU sources cast doubt on prediction Greek owners start to regroup Class reaches a turning point Uncertain future for panamaxes Knightsbridge snaps up Golden Ocean capesize for $72m Deal will give Golden Ocean 8% shareholding and a board seat in Knightsbridge Golden Ocean stands by policy of counterparty... Super slow steaming unlikely to generate carbon credits Practice of going slow to lower ships bunkers consumption and carbon emissions... Slow steaming set to become a way of life,... Greeks among owners in Cosco bulker spree Yards $440m binge includes three new supramax orders by Dynacom and Seatraders Cosco confirms bulker cancellations

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JUNE 15, 2010
China signs 14 deals in Greece CHINESE Deputy Prime Minister Zhang Dejiang today reportedly signed 14 investment accords in Athens with Greek shipping groups and other companies Dublin reportedly rejects port plan IRISH planners have reportedly rejected plans to expand capacity at Dublin's port by up to 50% GEBAB sees fewer idle ships GERMAN KG house GEBAB has said the number of idle ships in its fleet has dropped from 20 to three over the past six months Epic sails past yard troubles STX FRANCE has told Fairplay it will deliver Norwegian Cruise Line's Norwegian Epic on time this week, despite setbacks during construction Sichuan to cater for larger ships CHINESE authorities have announced plans aimed at turning central Sichuan province into a water transport hub, IHS Global Insight reported today US finds reefer box cocaine US CUSTOMS has revealed the seizure of 29kg of cocaine in a reefer box at Wilmington's port in Delaware BIMCO hails piracy ruling A UK RULING on fees accrued while a ship is held by pirates helps to clarify responsibilities, a BIMCO official told Fairplay today

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JUNE 15, 2010
U.S. Exports Must Grow, Says Economist FMC Studies Shipping Capacity Charleston's May Volume Climbs 22 percent Trucking Capacity Gets Tight in Southeast APL Wins Performance Award Long Beach Pollution Drops 52 Percent in Five Years Truckload Spot Market Index Dips 3.2 Percent Congress Weighs Liability Limits JOC-ECRI Index Points to Slowdown Containerization Awards to Go to Bruner, Newsome Salalah Port Names Chief Commercial Officer APL Joins Indamex Vessel-Sharing Agreement JOC Video: Author of CSCMP's Annual State of Logistics Report Talks Transportation Marseilles Fos Container Volume Climbs 16 Percent Foreign Ships Help in Gulf Clean-up China Breaks Box Traffic Record

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JUNE 15, 2010
Oil prices to head north on Gulf spill repercussions LA & LB tower ahead Pirates await Hamburg court APM T's WACT beats the African drum Moody's cuts Greek debt to 'junk'

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JUNE 15, 2010
Foreign flags face firestorm Deepwater Horizon 'blame game' heats up as US government probes Marshall Islands' role in offshore catastrophe. Bungling buccaneers evolve Pirates take tip from prison break films to combat EU Navfor's popular anti-piracy protocol. Moby throws IPO on ice Investors eyeing a warm slice of Moby Lines start to sweat as summer IPO gets tossed on backburner. Bibby signs for supramax UK shipowner says latest order beginning of fleet expansion with new and second-hand purchases planned. Legendary owner Ole Skaarup dies Shipowner, musician and entertainer Ole Skaarup dies "happy" with his family by his side. Diana lands $26m BHP boost Simeon Palios-led Diana Shipping forges fresh fixture with BHP Billiton bagging a bulker for round two. Ultragas a 'strong mother' Eitzen Bulk better placed for panamax push after $90m sale to Chilean company, CEO says. Seanergy Maritime CEO seizes stake Top brass at Greek bulker outfit reaches into pockets to fund a 50,000-unit stock grab. Fredriksen shuffles capesize pack Norwegian tycoon's Knightsbridge Tankers takes Golden Ocean capesize in cash plus shares deal. SLS axe builds Gulf Nav war chest Owner is looking to spend after swelling its cash reserves with refunds from cancelled newbuildings. China eyes Greek investments Lucrative charters and shipbuilding contracts on the menu as Chinese delegation heads for Athens. Amur wins icebreaker order Russian shipbuilder clinches its most complex contract after the government took control last year. Reefer stowaways nabbed in UK Pair of Dominican Republic nationals caught after jumping overboard a German reefer in Portsmouth. CMT readies VLCC move Taiwanese bulker player teaming up with U-Ming and state refiner CPC for tanker newbuilding venture. Cosco Corp rounds up 15 bulkers Singapore-listed Chinese shipbuilder announces 11 newbuilding orders, plus another four letters of intent. Liner clear-out at Manila Boxship owners ready to vacate Philippines port yards to allow new terminal construction. Ultragas snaps up Eitzen Bulk Chilean outfit Ultragas buys Camillo Eitzen's stake in its listed dry-cargo wing for $90m. Chevron axes ITC charters VLCC Antares Voyager will be returned to Frontline spin-off in December, with another deal also facing the chop. Platou profit takes a dip Norwegian broker hit by weaker markets in 2009, but 2010 already looking better. Hedge fund sells BWO shares US-based Franklin Resources cuts holding in BW Offshore after selling stake worth nearly $10m. K Line in Brazilian breakthrough Japanese giant's offshore arm grabs $80 contract for two PSVs in Brazil. SAS targets Nigerian yard South African group eyes entry into shiprepair sector as stepping stone to shipbuilding in West Africa. Moody's cuts Pride rating Credit ratings agency lowers liquidity rating on offshore driller over concerns about drillship funding. 'No help' from bulker after smash Crew on Chinese panamax failed to contact teenage girl after collision off Australia, report concludes. Double Dutch in the Pacific Cruise line Holland America deploying two ships in Australia and Asia next year. Daewoo-Mangalia hit by strike Third of workers walk out at Romanian shipyard over paltry pay rise. Out of the frying pan... ...and into the ferry, as Cornwall Ferries vessel runs on waste chip oil. HSH Nordbank drops S&P Economy drive prompts top German shipping bank to do away with Standard & Poor's credit rating. Northern repays bond loan John Fredriksen-backed offshore drilling company has repaid in full a maturing $100m bond loan. Genmar set to issue stock US-listed tanker owner set to sell new shares to fund remainder of tanker acquisition costs.

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JUNE 15, 2010
Box shortage squeezes exporters MSC to raise Asia/Europe rate Aug. 1 TCC speeds up transpacific service Texas shipper settles antiboycott charges Users bemoan Panama Canal tolls N.Y. lawmakers see Albany port progress China container ports surge in May

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JUNE 15, 2010
Finnlines-link between Russia and Spain In August 2010 Finnlines is going to expand its Bilbao'Antwerp'Helsinki service with calls in St Petersburg. The Finnmill, Finnpulp and a third ro-ro vessel will be employed Alfa Laval gets SEK 80 million order Alfa Laval will deliver PureBallast systems to two South Korean yards, the orders are worth SEK 80 million in total. The systems will be installed on 14 container ships ordered

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JUNE 15, 2010
Crude just under major resistance levels Speculative inflows may push the energies higher in the coming weeks. Southern Europe sees prices firm One Piraeus supplier fully committed on barge schedules until June 20. Fujairah prices mainly stable Good avails in Durban. New COO for Andatee Sun Xun will oversee the company's operations and assist and support its research and development Ferry to run on used cooking oil UK vessel being supplied by local hotel. NYK additive 'can prevent problems' associated with low sulphur fuels Tests since January have shown improved lubricity by around 30%. World Cup: Petrobras asks customers to nominate early Brazilian supplier says business 'will be supported by blackberry only' while national side is playing. IFO prices soft across key ports Demand 'good' in Hong Kong on Tuesday, traders say. Fuel oil duty to fall Russia expected to cut July export tariff by more than $15 pmt. Work on Aegean Fujairah oil facility to start in July Oil storage facility 'exclusively' for its own use, says a company spokeswoman. Brightoil prepares land for oil storage project Dredging and reclamation works in Dalian to commence on June 18, 2010. Japan April bonded bunker sales up 2.3% First year-on-year increase in bunker sales this year. China posts record box liftings in May But warns that deepening crisis in Europe may slow growth in coming months.