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Shipping News

PetroChina JV to seek marine fuel licence in S'pore
PetroChina and China Ocean Shipping (Group) plan to apply for a licence to sell marine fuels in Singapore under a joint venture set up by them.
Crude tanker rates to hover near 11-mth lows on excess
Rates for crude tankers on key Asian freight routes are likely to hover near 11-month lows this week as ample tonnage outweighs strong Chinese demand, shipbrokers said yesterday.
Sept box traffic at key ports down 6%
Ship container volumes at the world's top nine ports fell by 6 per cent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.

Strait Talk

More can be done to tackle piracy
LAST month the International Maritime Organization (IMO) and governments and shipping organisations around the world marked the UN-designated World Maritime Day, Sept 23, with the hand over a petition with 930,604 signatures on it.

Motoring

Hyundai Motor to invest US$9b in target Hyundai E&C
South Korea's Hyundai Motor Co plans to invest US$9 billion in Hyundai Engineering & Construction as it wages a contentious battle with rival members of the Hyundai clan to win control of the country's top builder.

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Shipping News

PetroChina JV to seek marine fuel licence in S'pore
PetroChina and China Ocean Shipping (Group) plan to apply for a licence to sell marine fuels in Singapore under a joint venture set up by them.
Crude tanker rates to hover near 11-mth lows on excess
Rates for crude tankers on key Asian freight routes are likely to hover near 11-month lows this week as ample tonnage outweighs strong Chinese demand, shipbrokers said yesterday.
Sept box traffic at key ports down 6%
Ship container volumes at the world's top nine ports fell by 6 per cent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.

Strait Talk

More can be done to tackle piracy
LAST month the International Maritime Organization (IMO) and governments and shipping organisations around the world marked the UN-designated World Maritime Day, Sept 23, with the hand over a petition with 930,604 signatures on it.

Motoring

Hyundai Motor to invest US$9b in target Hyundai E&C
South Korea's Hyundai Motor Co plans to invest US$9 billion in Hyundai Engineering & Construction as it wages a contentious battle with rival members of the Hyundai clan to win control of the country's top builder.

web site

Shipping News

PetroChina JV to seek marine fuel licence in S'pore
PetroChina and China Ocean Shipping (Group) plan to apply for a licence to sell marine fuels in Singapore under a joint venture set up by them.
Crude tanker rates to hover near 11-mth lows on excess
Rates for crude tankers on key Asian freight routes are likely to hover near 11-month lows this week as ample tonnage outweighs strong Chinese demand, shipbrokers said yesterday.
Sept box traffic at key ports down 6%
Ship container volumes at the world's top nine ports fell by 6 per cent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.

Strait Talk

More can be done to tackle piracy
LAST month the International Maritime Organization (IMO) and governments and shipping organisations around the world marked the UN-designated World Maritime Day, Sept 23, with the hand over a petition with 930,604 signatures on it.

Motoring

Hyundai Motor to invest US$9b in target Hyundai E&C
South Korea's Hyundai Motor Co plans to invest US$9 billion in Hyundai Engineering & Construction as it wages a contentious battle with rival members of the Hyundai clan to win control of the country's top builder.

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Asian Shipowners' Forum backs Singapore block exemption extension Cosco hikes Far East-South America rates US$400/TEU November 1 Truckers join rail, airport strike, crippling French transport Hanjin ups Africa with slot buys from 'K' Line-PIL's Asia-Cape loop CMA CGM upgrade north Europe, US south Atlantic, Gulf service China Merchants, Eurogate sign MOU to enhance marketing TT Club calls for regular inspection of quay cranes Large Shanghai logistics centre set up at Yangshan port 10+2 rule achieves 80 per cent importer compliance Lianyungang port January-September box volume up 32pc Vietnam needs more deepwater ports, says APMT Forwarders blame carriers for burden of scanning costs Intermec unveils barcode scanning, phone-sized computer Virginia receives federal funds to expand barge shipping Euro sky plan realistic, but needs drastic efficiencies: IATA Singapore Airlines cargo increases 8.6pc in September ComSec offers screening for air cargo, temp-controlled containers

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MoS attaching carbon credits to shipping sector NSCSA Q3 net up by 73 pc Rickmers Doha brings Terex crane from Antwerp to Hazira Somali pirates spread tentacles Adani begins business in Australia, to invest $ 7 bn in Queensland coal project Handicrafts exports surge in Sept. by 33 pc India Pavilion opened at Canton fair India-Sudan trade pact comes into effect Kenya seeks India's SEZ knowhow Probe into 'dumping' of polypropylene initiated PTA with Mercosur nations may be enlarged DHL's new Seattle-Singapore service cuts transit times by 14 days Govt to raise $ 300 bn for infra projects Now, cotton yarn gets too costly for Tirupur garment exporters Pawar favours sugar exports under OGL Petrol prices hiked RBI intervenes to halt rise Transborder pipeline deal to be inked in Dec. IMF chief fears $-yuan war threatening US-China trade balance

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OCTOBER 18, 2010
Menlo names Desmond Chan as MD for South Asia Menlo Worldwide Logistics, a subsidiary of the Con-way freight transportation company, has named Desmond Chan as the new managing director of its South Asia region (which covers Si... MK Airlines stays grounded MK Airlines has officially gone into liquidation. The carrier entered administration in 2008, and exited via company voluntary arrangement (CVA) in February. The Hartfield, East Su... Kuehne + Nagel again reports good quarterly figures The sales figures reported by the global logistics corporation Kuehne + Nagel, based in Schindellegi (Switzerland), grew by 18.6% in the first nine months of this year, compared wi... Karl Dischinger subsidiary awarded AEO F certification KD-Projekt-Consulting GmbH (KDPC), which is a part of the German logistics company Karl Dischinger, has been an authorised economic operator F (AEO F) since 1 October. This certifi... Trans-o-Flex expands rapid delivery network to Southeast Europe The Trans-o-Flex Logistics Group, a logistics and CEP service provider that is owned by the Austrian post office, has extended its international rapid delivery network to Slovenia,... APM Terminals signs deal to operate port of Monrovia APM Terminals has signed a 25-year concession agreement to operate the port of Monrovia in Liberia. After APMT was named the preferred bidder in March, the port privatisation agree... Aqaba Container Terminal berth expansion work commences King Abdullah II of Jordan recently inaugurated activities in the Aqaba Container Terminal's berth expansion project (announced in December 2009) and the operation of two new ship-... CMA CGM upgrades northern Europe-US /Mexico service CMA CGM recently commenced its new Victory Bridge service, which links North Europe with the US Atlantic coast, Mexico and the US coast of the Gulf of Mexico. The service was previ... Egypt Air enhances JFK freight volumes Egypt Air introduced a Boeing B777-300ER on its Cairo-New York JFK service yesterday, 13 days earlier than planned. The Egyptian flag carrier replaced its old B777-200ER. The 300ER... Russian privatisation programme envisages sale of Aeroflot and RZD stakes The Russian finance minister Alexei Kudrin has been quoted as saying that a government privatisation programme includes the possibility of selling state stakes in Aeroflot and the ...

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OCTOBER 19, 2010
Flowserve licenses thruster technology to Russian shipyard Bourbon bows out of bulk Profits up at NOL Law firm investigates ACL acquisition Troubled trip for Costa Classica

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OCTOBER 19, 2010
Freight transport index falls during month of August NOL Group reports gains for third quarter of 2010 Diana Shipping works charter for Post-Panamax bulk carrier Coast Guard presenting award for heroic life saving effort Maritime Administration seeking marine advisory council members

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OCTOBER 19, 2010
UK coastguard braced for huge budget cuts Move comes as part of government's plans to slash public spending by '83bn Trinity House spared UK spending cuts UK to consider Royal Fleet Auxiliary privatisation UK Chamber warns over training fund cuts Brussels debates loading ban on IRISL ships EU debating complete ban on IRISL ships as part of new round of sanctions legislation... IRISL set to lead legal challenge over EU... Intra-Asia box trade to surpass east-west Evergreen chairman Bronson Hsieh says China growth to fuel regional box volumes Asia holds the key to global reefer trade Hopes dashed of global oil demand boosting earnings Oppenheimer points to acceleration in newbuild deliveries while Western demand... IMF warning is alarm call for newbuilding...

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OCTOBER 19, 2010
Teekay shuffles its assets PARENT Teekay Corp has announced a flurry of drop-down sales to daughter companies and a new VLCC joint venture for Teekay Tankers P&O seeks aid in Dover fight P&O FERRIES has asked the UK transport minister to persuade the Dover Harbour Board to reconsider a planned tariff rise South Korea LNG imports jump SOUTH Korea's LNG import volumes almost doubled year on year in September Philippines typhoon stalls TYPHOON Juan virtually stalled today, the Philippine Atmospheric, Geophysical & Astronomical Services Administration said Philadelphia developer chosen DELAWARE River Stevedores and Hyundai Merchant Marine America have won a bid to develop the Southport Marine Terminal in Philadelphia, Fairplay was told today Drybulk earnings outlook trimmed JEFFERIES analyst Doug Mavrinac reduced his drybulk earnings estimates for 4Q10 and 2011 today, but still believes the sector will remain profitable Croatia plans FLNG facility PLINACRO, Croatia's government-owned gas transmission operator, plans to install a floating LNG regasification facility at Omisalj, IHS Global Insight reported today Maersk stops Asia/Europe service Force majeure called in France NOL posts profits in 3Q Khalifa port deals awarded Delphin files for insolvency Bonheur completes bond sale HCI seeks restructuring funds Yemen LNG plans Asian diversions

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OCTOBER 19, 2010
Hub Profit Soars 28 Percent to $12.6 Million Container Ship Calls at New Orleans Set Record Charleston Container Throughput Jumps 18 Percent Retailers Look to Supply Chains for Growth Survey Finds Driver Files Incomplete Concor Ekes Out Profit Nottingham Will Not Seek Second STB Term Werner Enterprises Profit Leaps 27 Percent Le Havre Dockworkers, Riot Police Clash Home Construction Rises 0.3 Percent Maersk Alabama Pirate Faces Sentencing Evergreen Chairman Sees Intra-Asia Growth Coming Japanese Ship Orders Nearly Double in September Maersk Starts Asia-Europe Capacity Cuts APL Parent Group Earned $282 Million Profit

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OCTOBER 19, 2010
Evergreen chairman: Intra Asia trade may outpace transpac and Asia-Europe Singapore records 12% volume surge South Africa's Gordhan fears trade wars France on strike again today K+N improves profitability in Q3 10

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OCTOBER 19, 2010
Greeks mull boxship IPO Costamare considering whether now is the time to break shipping's six-month dry spell at the Wall Street offering trough. Bourbon plots dry-bulk exit Jacques de Chateauvieux-led company is selling its dry-cargo operation in a deal which will see it focus almost exclusively on the offshore market. Euronav loss looks grim Listed tanker owner's third-quarter shortfall sheds light on market turmoil as chief executive slams competition's spot strategy. Havila Shipping nets $38m Njal Saevik-headed shipowner completes funding of its orderbook with its latest trip to the bond market. Petrobras fixes Prosafe floater Brazilian offshore workers prepare for new digs as Oslo-listed rig owner ties up $157M accommodation contract. One dies as ships sink off Taiwan One dies and three missing from Taiwanese vessel as Hong Kong ship also sinks in typhoon. NOL repeats the trick in Q3 Singapore liner group turns around big loss in third quarter to post huge profit. Tallink swings back to black Estonian ferry owner thanks increased passenger and cargo volumes for return of full-year profit. Dof secures state dinner Statnett keeps Oslo-listed offshore owner fed while it waits for Petrobras gig. Jaccar jumps into gas venture Camillo Eitzen hands over 40% stake in Eitzen Ethylene Carriers to seal deal with Jacques de Chateauvieux-led investment fund. Diana gets on property ladder Greek bulker owner buys headquarters building from entity controlled by CEO Simeon Palios to cut costs. Four tankers grounded in storm Typhoon Juan plays havoc with shipping in the Philippines as ro-ros take shelter. Olsen beats bond target Norwegian owner sells NOK 600m of debt, exceeding its own expectations. STX PO to join Premier League South Korean owner's $1bn bulker order will promote it into the big four in the open-hatch sector. Celebrity Century out of action Cruiseship cancels Med trip after damage found to rudder in Nice. Antwerp keeps on growing Key Belgian port back to pre-recession levels as boxships drive cargo volumes. HJH bulker refloated by tugs German-owned Sandnes went aground at entrance to Esbjerg harbour. Brazil deal sparks STX stock Confirmation of $5bn consecutive voyage contract with Fibria Celulose sends shipowner's stock upwards in Seoul and Singapore. STX snatches $5bn freight deal STX Pan-Ocean on the brink of ordering 20 bulkers after winning massive 25 year shipping contract with Brazilian pulp producer. George teams with Teekay Teekay Tankers and George Chao's Wah Kwong to go halves on VLCC, as parent drops down tanker pair. STXPO plans bond issue South Korean shipowner set to raise a further KRW200bn from investors with three year bond. Judgment day for tanker owners All eyes turn to Antwerp where Euronav will today be the first tanker owner to show how the third quarter slump has scarred earnings. Danish tanker attacked off Nigeria Herning crew injuried as armed robbers board Tina Theresa off Lagos. Songa strikes gold with Statoil Arne Blystad-headed company pens near $380m contract for one of its rigs with Norwegian superpower. Ferry sinks off Denmark Veteran Egholm II still three months away from starting new run when it went down in Aarhus Bay. S'pore volumes ease back Lion Republic container traffic still up on 2009 figure, but shows further declines from July high. Costa Classica cruise cancelled Big gash on starboard hull after collision puts paid to Italian vessel's next Asian voyage. Qatar Navigation grows again Q-Ship acquisition paying off for Qatari container line as nine-month profit soars. Private-equity eyes ACL US M&A fund on the fringe of splashing $777m to acquire Nasdaq-listed tug and barge giant. Eurasia orders at Lamprell Russian drilling company books jack-up newbuilding order at Middle East offshore shipyard. Crude markets lift NSCSA profit National Shipping Co of Saudi Arabia piles on profit in third quarter due to "improved average rates". Turbine orders wind ship Naval architect set to design a new series of multi-purpose wind farm support vessels for UK player.

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OCTOBER 19, 2010
APL parent reports $282 million profit DHL introduces time-definite delivery Panalpina service extends to Dubai, São Paulo World Airways goes over Polar cap Mexican freight company exposed for drug ties UP opens huge intermodal hub near Chicago Europe shippers warn about antipollution fees ITC studies Trans-Pacific Partnership FTA ITC investigates U.S. import constraints ProLogis sells portfolio to Blackstone Faivre heads Toll's German operation L.A.-Long Beach ICTF board weighs expansion Antwerp: Boxes back up to 2008 levels

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OCTOBER 19, 2010
Liberian Daisy released The Liberian owned bulk carrier Voc Daisy has been released. She was hijacked in the Gulf of Aden, 190 nautical miles east south east of Salalah, Oman on April 21

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OCTOBER 19, 2010
IFO prices make strong gains in Fujairah NYMEX were showing losses of more than $1.50 in early trading. Bunker numbers climb in European hubs Hamburg market quiet as buyers wait for prices to fall. Total deploys bunker barge in Mauritius IFO and MGO now supplied ex-pipe and ex-barge. Slow steaming helps NOL return to profit Shipping group record strong third quarter results. Container traffic soars in north European hub Antwerp volumes 'back to pre-recession levels'. Bunker deliveries halted in French hub ports Strikes and blockades disrupt fuel supply chain. Firm bunker prices, average demand Moderate demand at Asian bunkering hubs on Tuesday, traders say. Australian bunker supplier changes name No change to trading terms and existing credit lines. Chemoil, Gulf Petrol secures $90 million loan for Fujairah terminal Storage terminal will be one of the 'largest bunker terminals' in the Middle East when completed in 2012. Tokyo Bay sees tight avails of spot IFO 380 Refiner runs out of 380 cSt material for spot market, traders say. Will the use of mass flow metering during bunker deliveries catch on? Flow metering will be one of the highlights at SIBCON 2010. Bunkerworld asks if this technology will be taken up by the industry. Google Earth incorporated into ship routing tool AWT launches GlobalView, making it easier for fleet managers to pick the safest and most fuel-efficient routes for ships.