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Shipping News

Funding gap for new aircraft poses challenge
ALTHOUGH the global aviation market is on recovery mode, the industry is facing a potentially dangerous funding gap for aircraft deliveries through 2010.
Baltic Dry Index unchanged, ore cargoes support demand
The Baltic Dry Index, a measure of shipping costs for commodities, was little changed on Monday as rates rose for the largest class of vessels in the gauge and declined for two smaller ship types.

Strait Talk

Lines need to justify operations
YET again, Asian shippers are up in arms over increases in liner freight rates. This time, the point of contention is an emergency revenue charge (ERC) brought in by the Transpacific Stabilization Agreement (TSA).

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Shipping News

Funding gap for new aircraft poses challenge
ALTHOUGH the global aviation market is on recovery mode, the industry is facing a potentially dangerous funding gap for aircraft deliveries through 2010.
Baltic Dry Index unchanged, ore cargoes support demand
The Baltic Dry Index, a measure of shipping costs for commodities, was little changed on Monday as rates rose for the largest class of vessels in the gauge and declined for two smaller ship types.

Strait Talk

Lines need to justify operations
YET again, Asian shippers are up in arms over increases in liner freight rates. This time, the point of contention is an emergency revenue charge (ERC) brought in by the Transpacific Stabilization Agreement (TSA).

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OOIL sells mainland property to focus on container shipping CMA CGM now underway with new executive suite Hanjin Shipping slow steams on Asia-USEC trade EC probes whether feeders laid up to boost charter rates Singapore High Court rejects Zim suit against ex-executive NOL names ex-George W Bush science advisor as director Hanjin Shipping to up transatlantic rates thrice in 2010 US file WTO protest against Philippine whisky, gin duties Global logistics better, but improvement needed: WB South Carolina Clemson U box research to help Haiti North American box traffic up 2.9pc, but off 14.6pc overall in 2009 JAL picks Delta over American as bankruptcy looms closer FedEx launches B777 Freighter on US-Shanghai route Cargoitalia boosts network, Dubai and Chicago

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Back in black, CMA CGM exudes optimism VLCC rates rise as West in grip of winter chill InterManager appoints new Secretary-General AET becomes 1st foreign shipping company to flag vessel in India MPT Logistics commences Nagpur office India, Finland sign double tax avoidance pact Dumping duty mooted on radial tyres from China & Thailand Ban sought on jute bag imports Alliance Air to become all-cargo airline Industrial growth shot up to 11.7 pc in Nov. '09 Zero duty CG imports killing domestic industry-Ficci study FinMin offers Rs 12,020 cr. to oil PSUs Economists root for continuation of fiscal packages Sharma vehemently against export tax on iron ore Chinese invited to join core sector development ...wants soft & easier credit availability to continue for now GST may show DEPB the door $ 60-m Exim Bank LoC extended to Rwanda 3-day CII partnership in Chennai summit from Jan. 22 Trade team on Myanmar visit Lakshmi Mittal to address Rotarians on Jan. 21

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JANUARY 18, 2010
Ceva renews contract with Mannatech in South Africa Logistics service provider Ceva Logistics has renewed its partnership with Mannatech with a three-year contract to manage the latter company's supply chain in South Africa. Ceva wi... Gebrüder Weiss acquires a stake in Diehl The Austrian transport and logistics service provider Gebrüder Weiss has acquired a 25% stake in Wilhelm Diehl, an international freight forwarder based in Esslingen (Ger... CMA CGM announces rate increases The French shipping line CMA CGM will increase rates in the trade from North Europe to the Mediterranean by EUR 100/teu and EUR150/feu on 1 March 2010. From North America to M... Luka Koper's 2009 throughput Throughput at the Slovenian port of Koper amounted to 13.1 million t in 2009, 18% less than in 2008. The changes varied between terminals and the type of cargo handled. Measured in... 50 new locomotives for Brazilian sugar products GE Transportation has agreed to deliver 50 new AC44i locomotives to the Brazilian sugar company Cosan. They are to be used for freight transport by Cosan's logistics subsidiar... Amtrak to order 100 locomotives The US rail service provider Amtrak has included purchase plans of more than 100 locomotives in a 2010 outlook statement, but it gave no details about how much money it will spend ... Derba Cement orders 1,000 trucks The Swedish vehicle manufacturer Volvo Trucks has signed an agreement to deliver trucks to Derba Cement in Ethiopia. The customer aims to buy 1,000 trucks, of which 550 are to be d... USA facilitating Haiti earthquake relief effort through airport The US Department of Transportation (USDOT) has taken steps to facilitate the rapid flow of rescue and relief personnel and supplies to Haiti following the recent major earthq... California's B.H.I.T. Inc changes name to Banyan Rail Services Inc The US company B.H.I.T. Inc, which is headquartered in Boca Raton FL, is changing its name to Banyan Rail Services Inc, because the firm's plans to grow through the acquisition of ... Norbert Dentressangle wins UK government contract The French logistics service provider Norbert Dentressangle has won a contract to handle national warehousing and distribution for England's highways agency, which is an executive ... Gruber Logistics opens Bari branch The Italian transport and logistics enterprise Gruber Logistics, which is headquartered in Auer near Bozen (South Tyrol), recently opened a new branch in Bari in southern Italy. Gr... Fedex Freight and Fedex National LTL increase rates in North America The companies Fedex Freight and Fedex National LTL, both subsidiaries of Fedex, have announced plans for a 5.9% general rate increase. The hike, which will take effect on 1 Februar...

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JANUARY 19, 2010
New sec gen for InterManager Ship to ship transfer alliance Training ship's close call for Haiti duty

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JANUARY 19, 2010
Wärtsilä plans massive job cuts MARAD to send former Hawaii Superferry to aid Haiti relief Keppel FELS delivers first rig of 2010 Louis Cruises set to order at Daewoo?

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JANUARY 19, 2010
Maritime UK calls for firm political backing Clear and coherent support called for to help fend off rival centres. Euronav posts $25m loss for 2009 Plunging tanker rates hit owner's fourth quarter turnover. Banks rein in port projects lending Lenders cautious after inflated prices in mid-1990s leave them 'scalded'. Newbuilding glut keeps confidence low Moore Stephens survey shows confidence in shipping still fragile. DFDS linked to Polferries sale Danish operator silent on rumours it is interested in Polish company.

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JANUARY 19, 2010
Asian piracy trends traced PIRACY attacks in Asia increased 5% last year from the previous year's figures Wärtsilä axes 1,400, goes east FINLAND'S Wärtsilä is laying off 1,400 staff and moving much of its production to China, it told Fairplay today KG ships pulled from brink ONE-SHIP companies managed by Hamburg KG houses Ownership and Nordcapital have been saved from insolvency in the box ship sector through fresh cash injections Maersk chassis scheme grows MAERSK Line is expanding its intermodal truck chassis program to seven midwestern US cities, in the second extension of the program in two months MarAd mobilises for Haiti MARAD is sending five ships from its reserve fleet to earthquake-ravaged Haiti to establish a temporary link between vessels and the capital, Port-au-Prince Yard's back pay covered SPAIN'S regional government of Andalucia said today it has paid a subsidy of nearly €500,000 ($714,000) to Astilleros de Huelva to cover the yard's unpaid wages Statoil wins offshore licences NORWAY'S Statoil today said it has been awarded shares in eight offshore exploration licences on the Norwegian continental shelf

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JANUARY 19, 2010
CSX Income Falls 16 Percent Freight Brokers Would Accept Higher Bond Supreme Court Keeps Illinois Locks Open Big Brown Gets Greener with CNG Trucks Freight Groups Seek Change in Calif. Air Rules YRC's Holland Speeds Transit Times Steel Exports Fall 5 Percent in November Beluga Shipping Takes Delivery of New Ship Truckers Sue DOT for Record-Keeping Rule National Retail Systems Names VP International OOIL Sold Real Estate Subsidiary Northern Air Cargo Lands in Haiti in Support of Relief Efforts Maersk to Expand Chassis Program to Midwest DHL to Donate Ohio Airport Lufthansa Cargo, British Airways Face Strike Threats French Dockworkers Threaten More Strikes JAL Files for Bankruptcy Protection Con-way Freight Speeds Service, Cuts Mileage Trailer Bridge Adds Dominican Service US Department of Transportation Provides Air Traffic Assistance Paving Way for Additional Haiti Earthquake Relief Effort Postal Service Holding All Mail to Haiti Port of Palm Beach District Joins Haiti Relief Efforts DOT Stimulus Spending Tops $8 Billion America Cargo Transport and Foss Maritime Offer Aid to Haiti Following Earthquake Hanjin Plans Three Trans-Atlantic Rate Hikes Maersk Adds Felixstowe Service

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Jebel Ali opens new integrated gate complex K+N and Iveco extend their logistics deal PAT and PET fully implement Digital Bridge South Pacific shake-up French dockers set deadline

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JANUARY 19, 2010
Clock runs out Euronav says FSO Africa conversion was not completed by today's deadline, giving Maersk Oil the right to cancel. Long Beach rises December sees first rise in container throughput at US west coast port in two years. Euronav in loss Belgian tanker owner reports that it was $31.1m in the red in the fourth quarter but expresses optimism for the year to come. Pirates 'pay crew' Cooperation of Maran Centaurus crew in seven-week hostage drama leads to $0.5m pay day from pirates, source claims. OSG resisted Bankrupt Bender Shipbuilding pushes back on effort to potentially foreclose on a leased yard facility. Tanker race ahead Poten & Partners says next few weeks will see 90 Arabian Gulf cargoes chasing just 50 VLCCs, potentially pushing up tanker rates and asset prices. Brazil's FPSO hunt Gabrielli-led Petrobras is scheduled to receive proposals for a five-year charter of an FPSO capable of producing 30,000 barrels per day. CFO steps down New York-listed Kirby Corp looking for new finance chief after Norman Nolen's retirement. Wet worry Four in five tanker charterers see no strengthening of rates this year, survey says. Delaying game President Zhang Liang says Cosco may hold up more newbuildings despite bullish dry-cargo outlook. Growing glut Idle boxship numbers dip in the short term but Christmas 2012 will see laid-up bundle reach record level, Alphaliner says. Up for auction Swedish chemical tanker Dover to be sold off by Danske Bank following bankruptcy of Elgar Shipping. Same again Suez canal chiefs keep 2010 tariffs unchanged despite slump in revenues last year. Dry cargo hike Protection and indemnity reinsurance rates for bulk carriers and containerships to rise by nearly 5%. Black Sea break Turkish ship breaking up after grounding north of Istanbul, coastguard says. On track India's plan to develop Sittwe port in Myanmar moves step closer with issue of tender. Kodiak sails ExxonMobil tanker which lost power off Alaska on the move again with repair plan hatched. China bound Finnish engine builder Wartsila moving propeller and auxiliary engine production east to "stay competitive". ABG to sell Talks begin over Indian shipyard's offloading of $60m stake in shipowner Great Offshore. Barge supplied Russia's Sosnovsky Shipyard building second supply unit for federal agency Rosmorrechflot. $80m deals Mystery "oil supermajor" and offshore outfit sign charters with Lion Lee's Ezra Holdings in Africa. Help for Haiti Carnival Corp donating at least $5m to relief efforts in earthquake-ravaged Caribbean island. Green car carrier MOL, Mitsubishi and Sanyo team up to develop hybrid power supply system for new car carrier. Bookings boost Norwegian owner Hurtigruten says first quarter cruise business up by 45% year-on-year. Daewoo cruising South Korean yard closing in on first cruiseship order from Greek owner. Truck stop Russian owner Murmansk Shipping's haulage subsidiary declared bankrupt. BLT's quick fix Berlian Laju Tanker wastes no time in chartering its newly purchased gas carrier to Pertamina in a lengthy contract worth up to $90m. New bunker high Singapore's bunker industry has surpassed the sales record of 2008 on back of lower costs. Foot furore US crewman sues Chem Carriers after having his foot amputated following tug accident. Transpac tie-up Hanjin and Wan Hai Lines to co-operate on transpacific service that targets Vietnam and South East Asia. North Sea drama Semi-submersible rig Songa Dee evacuated after being struck by powerless supply vessel.

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JANUARY 19, 2010
Shipper complaints grow on TSA charge OOIL sells property unit for $2.2 billion CMA CGM formally approves new structure Wise joins BNSF Vancouver Deltaport terminal berth opens Qingdao operators to form joint venture COSCO Pacific December throughput up 1.2%

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JANUARY 19, 2010
Maersk Line offers free transport of UN aid to Haiti A P Møller-Mærsk has donated free transportation for UN aid to Haiti. Maersk Line provides two craned container vessels for aid delivery to Port au Prince. The cranes on Correction: Wrong owner of the Viire There was an error in a Shipgaz news item on January 15 where the Viire, ex Superflex Charlie, was mentioned. The Viire is laid up in Nakskov and is put Container fleet overcapacity will go down in 2013 The current over capacity in the container shipping market is forecast to remain until 2013, based on the latest Alphaliner fleet projections. 'The idle containership fleet, which presently stands at

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JANUARY 19, 2010
Abandoned ship poses oil spill threat in Philippines 113 tonnes of crude oil believed to be onboard, Government authorities monitoring situation. Prices still weakening in Rotterdam Bunker prices down for the sixth consecutive day. Prices stable in Middle East hub Deliveries available for prompt dates in Fujairah. Matrix Marine says Sohar project is 'promising' Player points to proximity of international shipping lanes. Rotterdam bunker sales fall for second year running But rate of decline is not as sharp as some estimates had suggested. Strike puts pressure on supplies Reports of product shortages in Dunkirk. Global supplier returns to New Orleans Chemoil says resuming operations at US Gulf port fits its regional strategy. Bunker markets lack activity Prices show little movement. Indian supplier starts outer anchorage bunkering at JNPT Tankers can now bunker before berthing. Singapore court defers PTC on bunker corruption Sales of Pakistan 380 cSt delayed again Bureaucratic hurdles still blocking moves to start supplying key grade.