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Shipping News

Baltic dry index dips to 4-month low
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over four months on Monday as weaker activity on the smaller panamaxes weighed on sentiment.
Tankers facing delays at Chinese ports
Supertankers that ship two million barrel cargoes of crude oil face delays at Chinese ports, potentially lowering vessel supply in the Persian Gulf, said Per Mansson, managing director of Nor Ocean Stockholm AB.
Sea Asia 2011 back with regional heavyweights
As the centre of power gradually moves eastwards in the shipping world, industry players will be grappling with the region's role at next year's Sea Asia event in April.
Russian sub recalled from sea trials

Strait Talk

A rearguard action over leasing
THE shipping industry is up in arms about what most people will regard as a remarkably arcane issue, but one of great importance to shipowners and charterers. Earlier this year, the International Accounting Standards Board (IASB) completed some 15 years of work and published proposals for a new accounting standard for leases.

Shipping Times

Eurostar passengers hit as snow delays trains
Thousands of rail passengers queued for hours in the bitter cold in London on Monday as snow and ice caused long delays to Eurostar trains linking Britain with France and northern Europe through the Channel Tunnel.
UK moves high speed rail route after residents protest
The government published its preferred route for a high-speed rail line between London and Birmingham on Monday, saying it had made alterations to half of the route to meet concerns of residents and conservation groups.

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Shipping News

Baltic dry index dips to 4-month low
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over four months on Monday as weaker activity on the smaller panamaxes weighed on sentiment.
Tankers facing delays at Chinese ports
Supertankers that ship two million barrel cargoes of crude oil face delays at Chinese ports, potentially lowering vessel supply in the Persian Gulf, said Per Mansson, managing director of Nor Ocean Stockholm AB.
Sea Asia 2011 back with regional heavyweights
As the centre of power gradually moves eastwards in the shipping world, industry players will be grappling with the region's role at next year's Sea Asia event in April.
Russian sub recalled from sea trials

Strait Talk

A rearguard action over leasing
THE shipping industry is up in arms about what most people will regard as a remarkably arcane issue, but one of great importance to shipowners and charterers. Earlier this year, the International Accounting Standards Board (IASB) completed some 15 years of work and published proposals for a new accounting standard for leases.

Shipping Times

Eurostar passengers hit as snow delays trains
Thousands of rail passengers queued for hours in the bitter cold in London on Monday as snow and ice caused long delays to Eurostar trains linking Britain with France and northern Europe through the Channel Tunnel.
UK moves high speed rail route after residents protest
The government published its preferred route for a high-speed rail line between London and Birmingham on Monday, saying it had made alterations to half of the route to meet concerns of residents and conservation groups.

web site

Shipping News

Baltic dry index dips to 4-month low
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over four months on Monday as weaker activity on the smaller panamaxes weighed on sentiment.
Tankers facing delays at Chinese ports
Supertankers that ship two million barrel cargoes of crude oil face delays at Chinese ports, potentially lowering vessel supply in the Persian Gulf, said Per Mansson, managing director of Nor Ocean Stockholm AB.
Sea Asia 2011 back with regional heavyweights
As the centre of power gradually moves eastwards in the shipping world, industry players will be grappling with the region's role at next year's Sea Asia event in April.
Russian sub recalled from sea trials

Strait Talk

A rearguard action over leasing
THE shipping industry is up in arms about what most people will regard as a remarkably arcane issue, but one of great importance to shipowners and charterers. Earlier this year, the International Accounting Standards Board (IASB) completed some 15 years of work and published proposals for a new accounting standard for leases.

Shipping Times

Eurostar passengers hit as snow delays trains
Thousands of rail passengers queued for hours in the bitter cold in London on Monday as snow and ice caused long delays to Eurostar trains linking Britain with France and northern Europe through the Channel Tunnel.
UK moves high speed rail route after residents protest
The government published its preferred route for a high-speed rail line between London and Birmingham on Monday, saying it had made alterations to half of the route to meet concerns of residents and conservation groups.

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ZIM charters Jiangsu's 4,250-TEU China's social logistics value in first three quarters near US$13.4 trillion Chongqing's port throughput up 9.9 pc in the first 11 months CMA CGM Figaro returns to Savannah Marseilles Port sees box traffic rise 15pc in November Maersk offers ad-hoc sailing to Jebel Ali to ease box backlog at India's Chennai Port Shanghai's Juneyao Airlines opts for Hactl SIA Cargo buys 16pc in China Cargo Airlines Chaos at Heathrow to carry on for days

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SCI CIL ink MoU to form JV for import of coal 6 boxships call at NM Port in 4 days, handles 2,173 TEUs APM Terminals Global CCO interacts with customers China to help develop new port in Bangladesh BCHAA organises 2 blood donation camps Fieo seeks separate chapter on exports in new credit policy Mumbai: Births drop; deaths rise in a decade No FTA with China before bridging trade gap Onion exports banned till Jan. 15 IMF plans fund to improve tax policy Rafeeque Ahmed elected CLE chief

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DECEMBER 21, 2010
Algoma Central orders lake freighters in China Noble orders two jack-ups at Jurong Carnival optimistic on 2011 cruise outlook Incat Crowther utility cat nears delivery Wilhelmsen Ships Service appoints head of environment

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DECEMBER 21, 2010
Collins Building materials available to historic property owners Chinese transportation delegation visits Federal Maritime Commission Federal Transit Administration funding tribal transit projects International Maritime Organization making changes to fire test rules Trucking association exec to head Consumer Energy Alliance

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DECEMBER 21, 2010
Ships hit by violent robberies at Port Said Two documented cases reported in last few weeks, sparking fresh security fears Armed guards routinely used to protect ships from pirates Pirates target Asian owners for high ransoms Piracy preparation begins earlier as danger zone grows Algeciras dockers blocked box security checks WikiLeaks documents reveal how unionised stevedores failed to implement US security... Why you need to know what happened inside the... Maritime emissions higher than thought New Brussels report says shipping could be responsible for as much as 5% of global... IMO divided over climate change funding Sembcorp lands two jack-up rig orders from Noble worth $400m If options for four more units are exercised, value of contract could top $1.2bn Ensco and Nexen settle force majeure dispute...

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DECEMBER 21, 2010
US targets IRISL insurer The US Treasury Department today increased pressure on Islamic Republic of Iran Shipping Lines by adding the carrier's insurer to the sanctions target list Carnival sees better 2011 CRUISE giant Carnival Corp today reported improved booking patterns for next year, as unusually harsh winter weather stokes holiday demand Safmarine launches service SAFMARINE and its parent group Maersk have announced that they will start a new direct Far East/East Africa service early next year Dolphin Tankers dissolves ITALY'S Dolphin Tankers has had its assets split up by its co-owners US trade accords stymied US FREE-trade accords with Panama and Colombia are stalled short of congressional approval, but another with South Korea is progressing Hugo Torrijos dies at 58 A PRINCIPAL architect of modern Panamanian shipping, Hugo Torrijos, has died of cancer at age 58 Index charter appeal grows EXCEL Maritime has fixed seven Kamsarmax bulkers on index-linked charters, a model that has become increasingly popular over the past year Two sought in smuggling of 158 migrants Ultrapetrol prices convertible bond offering Tanker surge powers Thai trade figures Box volumes jump in northern Europe Colombo's port booms Boom times three seen for box ships Tokyo lines act on yen shift Vinashin see debt repayment in one year

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DECEMBER 21, 2010
Container Ship Owner, Operator Pay Whale Fines Food Safety Bill Awaits Final Passage Hainan Adds Call at Port of Oakland House Approves Diesel Emissions Bill Charleston TEUs Grew 12.6 Percent in November Business Roundtable Names Engler President STB Fines CN Over Chicago Street Blockage Reporting Ryder Acquires Southern Calif. Leasing Company Hamburg Freezes Port Dues CN Builds First Link to Chicago Short Line European Container Imports Climb 13.8 Percent Obama Names Begeman to Surface Transportation Board Forth Ports 2010 Container Volume Falls 7 Percent ANA, Hawaiian Airlines to Start Cargo Code-Share FedEx Expects Strong Inventory Restocking

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DECEMBER 21, 2010
Nigerian ports face strike action Somali pirates seize bulker: 'solution lies ashore' says EU NAVFOR Evergreen upgrades Mediterranean feeder services Cancun leaves a shadow over shipping AMP T aiming for expansion in Northern Italy

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DECEMBER 21, 2010
Fulford wants a clean-up Richard Fulford-Smith demands a crackdown on address commissions as part of shipbroking shake-up. Little fire damage for Carnival Carnival Splendor blaze can't stop rise in fourth quarter profit at Micky Arison-led cruise giant. Aegean tanker held in the UK Greek owner's bunkering tanker catches the eye of UK authorities as slack fire drills contribute to detention. Refund guarantees survive takeovers Korean insurer ordered to return $32m to Jan de Nul after yard bankruptcy. Kamsarmax deals boost orderbook Owners bulk up on big panamax newbuildings in hope of port infrastructure bonanza. Damen goes ferry green with Doeksen Kommer Damen-led shipyard and Dutch owner team up on environmentally-friendly design for ferries. Excel in indexed period charters New York listed bulk carrier owner fixes seven kamsarmaxes on year long deals. Oz hat-trick for Farstad Shipping Oslo-listed shipowner nets a trio of charters worth upwards of $280m with Chevron and ConocoPhillips. SeaZip books first orders VeKa Shipbuilding to build four wind farm support cats for Sander Schakelaar and JR Arends start-up Small bulkers in vogue Japan's November newbuilding intake dominated by smaller bulker sizes, latest industry figures show.

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DECEMBER 21, 2010
Maersk adds calls to Asia/E.Africa loop Maersk drops Halifax, Le Havre on TA4 loop UPS's Stoffel retires McClimon takes wheel at Central Transport Ryder buys Carmenita Leasing Texas Aid Network draws truckers Pfizer recalls drug over odor CargoWise scores Geodis Wilson business U.S. soy flour load heads to Afghanistan Spyrou heads Shipco's China air freight Griffin Global Logistics expands in Bay Area Europe ports see "toned down" 2011 N.C. pushes dredging study for Wilmington port

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DECEMBER 21, 2010
Bulk carrier seized off the Seychelles The Panama-flagged bulk carrier Orna has been hijacked some 400 nautical miles North East of the Seychelles. The attack was carried out by two skiffs and when they approached Released crew member treated in Djibouti The crew member of the hijacked tanker Hannibal II, who was released by pirates some days ago, is now being treated at Bouffard Hospital in Djibouti for suspected appendicitis

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DECEMBER 21, 2010
Prices firm across Middle East Sources reported that suppliers in Fujairah had ample product inventories and barge capacity. Aegean tanker detained in UK port Maritime and Coastguard Agency say '11 deficiencies' were identified. Rotterdam bunker market firms Supply of 180 cSt product remains an issue in Gibraltar, according to sources. St. Petersburg market handling icy conditions Tugs take bunker barges in tow. Video launched for 'Clean Shipping Index' Explains how cargo owners can use on-line tool to make 'informed sustainable choices' when picking shipping companies. Ice disrupts bunkering in Hamburg Barges can't get to the vessels because the water is frozen. 'Strong competition' for Middle East fuel oil cargo Asian market expected to remain 'tight'. Bunker prices generally firm in Asia Mixed demand at key Asian bunker ports on Tuesday, traders say. Singapore company invests $20 million for bunker tanker newbuilds Bunker tankers due to be delivered from Q1 2012 onwards. Bunker ops resume in South Korean port Hyundai Oilbank resumes bunkering in Daesan. IFO avails 'still tight' in Karachi Higher demand from power plants cuts avails for bunker sector. Sinopec Zhoushan starts business in Zhangzhou and Huangpu Providing 380 cSt bunker fuel. Wärtsilä reports fresh order for dual-fuel vessel In case of interruption to gas supply, engines will automatically switch to diesel without loss in power output.