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Shipping News

LNG tankers get boost from low shipping rates
Liquefied natural gas (LNG) traders are taking advantage of the lowest shipping rates in five years and rising prices in the UK to store fuel in tankers and profit from higher values in coming months.
Global shipping sector on the mend, gradually
WITH the global economy picking up, the shipping industry has seen a small and gradual improvement, said Singapore Shipping Association (SSA) president SS Teo at the association's 14th annual general meeting on Monday.
Awards for seafarers' welfare facilities
THE International Committee on Seafarers' Welfare (ICSW) has launched awards to recognise and encourage excellent welfare facilities and services for seafarers.
JPMorgan, ACS ports deal at 700-800m euros: source

Logistics

FedEx returns to the black in Q4
FedEx, a company known for its package delivery service, swung to a fourth-quarter profit and offered a conservative outlook that relied on international sales, an area that also led growth in the last three months.
Japan still hopes to sell bullet train to Vietnam
Japan said yesterday it would push on with efforts to sell its bullet train technology to Vietnam despite the project's rejection in a rare show of defiance by legislators in the communist nation.

Strait Talk

Deep Horizon could spell trouble for shipping
SOMETIMES, 20 years seem to pass very quickly. It doesn't seem that long ago when we were all so concerned about the political and regulatory fall-out from the Exxon Valdez oil spill.

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Shipping News

LNG tankers get boost from low shipping rates
Liquefied natural gas (LNG) traders are taking advantage of the lowest shipping rates in five years and rising prices in the UK to store fuel in tankers and profit from higher values in coming months.
Global shipping sector on the mend, gradually
WITH the global economy picking up, the shipping industry has seen a small and gradual improvement, said Singapore Shipping Association (SSA) president SS Teo at the association's 14th annual general meeting on Monday.
Awards for seafarers' welfare facilities
THE International Committee on Seafarers' Welfare (ICSW) has launched awards to recognise and encourage excellent welfare facilities and services for seafarers.
JPMorgan, ACS ports deal at 700-800m euros: source

Logistics

FedEx returns to the black in Q4
FedEx, a company known for its package delivery service, swung to a fourth-quarter profit and offered a conservative outlook that relied on international sales, an area that also led growth in the last three months.
Japan still hopes to sell bullet train to Vietnam
Japan said yesterday it would push on with efforts to sell its bullet train technology to Vietnam despite the project's rejection in a rare show of defiance by legislators in the communist nation.

Strait Talk

Deep Horizon could spell trouble for shipping
SOMETIMES, 20 years seem to pass very quickly. It doesn't seem that long ago when we were all so concerned about the political and regulatory fall-out from the Exxon Valdez oil spill.

web site

Shipping News

LNG tankers get boost from low shipping rates
Liquefied natural gas (LNG) traders are taking advantage of the lowest shipping rates in five years and rising prices in the UK to store fuel in tankers and profit from higher values in coming months.
Global shipping sector on the mend, gradually
WITH the global economy picking up, the shipping industry has seen a small and gradual improvement, said Singapore Shipping Association (SSA) president SS Teo at the association's 14th annual general meeting on Monday.
Awards for seafarers' welfare facilities
THE International Committee on Seafarers' Welfare (ICSW) has launched awards to recognise and encourage excellent welfare facilities and services for seafarers.
JPMorgan, ACS ports deal at 700-800m euros: source

Logistics

FedEx returns to the black in Q4
FedEx, a company known for its package delivery service, swung to a fourth-quarter profit and offered a conservative outlook that relied on international sales, an area that also led growth in the last three months.
Japan still hopes to sell bullet train to Vietnam
Japan said yesterday it would push on with efforts to sell its bullet train technology to Vietnam despite the project's rejection in a rare show of defiance by legislators in the communist nation.

Strait Talk

Deep Horizon could spell trouble for shipping
SOMETIMES, 20 years seem to pass very quickly. It doesn't seem that long ago when we were all so concerned about the political and regulatory fall-out from the Exxon Valdez oil spill.

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Mediterranean Shipping Company hikes Far East/US-Canada rate Transpacific Stabilisation Agreement sees robust trade ahead Zim to raise Asia-Europe rates US$400/TEU in August Anti-free trader empowered to reform US container shipping Russia's TransContainer containerises grain for rail and sea IMB warns of South China Sea pirates, calls for more security China looks to invest big time in Greek shipping sector Evergreen, Wan Hai to launch Qingdao-HK-Singapore service Singapore trade off 0.1pc April to May, but up 24pc year on year Vietnam to receive US$500 million in financing from Exim Bank Moet Hennessy signs Kuehne + Nagel for Spanish distribution Boeing Shanghai signs deal with GE Capital Aviation Services Small temperature-control box firm signs Cathay leasing deal Qantas expands China Eastern codeshare in Shanghai-Singapore link

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Govt may divest 10 pc stake in SCI Navy chief wants 'panic rooms' in ships Banks begin lending to shipping cos again Seatrade Asia Cruise Convention this week Kenya, Seychelles get aid to prosecute Somali pirates FTA with EU likely by year-end'Sharma Exporters get more time to make claims Onus on India, China to salvage Doha Round'US official CII survey reveals MSMEs' growth formula Govt targets port capacity of 1.2 bn tonnes in 2 years Port corporatisation to commence with JNP Sical Logistics sells CIT stake to PSA International GPL bid to dam sea from entering villages, beach erosion SIDBI to get $ 300-m World Bank loan Centre, states veering towards common threshold for GST India Inc creates 60,000 jobs in US in 5 years KPCHAA asks Customs Director to review fresh CHALR exam decision CII seminar on Retail Logistics Competitiveness on June 29 Adani Welspun Exploration begins drilling of first well in Palej, Gujarat

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JUNE 21, 2010
BDP International establishes new company in Vietnam BDP International (BDP), with industry-leading technology and a global customer base, is set to become a major player in Vietnam's logistics sector, following the establishmen... South Hook LNG Terminal signs contract with DB Schenker Logistics South Hook, Europe's largest liquefied natural gas terminal, at Milford Haven in west Wales, has signed a three-year deal for Schenker Limited to provide all of its domestic and in... First DHL Supply Chain World Safety Day on 22 June 2010 DHL Supply Chain has designated 22 June 2010 as the company's first World Safety Day (WSD). WSD aims to highlight DHL's goal to promote safe and healthy workplaces for the benefit ... India's port traffic up in May India's overall port traffic stood at 4.78 million t in May, compared to 4.66 million t in April 2010, according to the Indian Ports Association (IPA). Traffic volumes grew to... DFDS's acquisition of Norfolkline approved by EU The Danish shipping network operator DFDS' acquisition of Norfolkline from AP M'ller-Maersk was approved by the EU on 17 June. DFDS thus expects that the deal can be finally closed... China's cargo carriers continue strong year Chinese airlines reported a collective net income of CNY 1.23 billion (USD 180 million) in May, according to China's civil aviation administration, thanks to continuing domest... Dubai's new airport set to open for cargo operations Emirates SkyCargo became the first carrier to land at Dubai's Al Maktoum international airport on 20 June, ahead of the hub's official opening on 27 June. Phase I of the world's la... US air cargo business rising strongly again The air cargo business in the USA seems to have overcome a two-year depression and is currently picking up speed again. The government's bureau of transport statistics has said tha...

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JUNE 22, 2010
Salazar threatens to issue new moratorium Judge throws out deepwater drilling moratorium Thad Cochran gets ASA Bateman Award Sembcorp Marine breaks ground for new yard NJ offshore wind study shows minimal environmental impact

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JUNE 22, 2010
NOAA PORTS forecasting tool saves millions for Columbia River shippers Over 30 Foss Maritime vessels take home Jones F. Devlin awards Bethel, Pennella to receive Admiral of the Ocean Sea awards TSA member carriers react to first quarter trade growth Crowley making changes to executive organization

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JUNE 22, 2010
Iran sanctions pose huge legal risk Non-US shippers could find themselves open to sizeable indemnity hit US to criminalise tanker owners if they continue to trade with Iran US to criminalise tanker owners for trading with Iran Shipbreaking convention 'a step backward' 2009 Hong Kong convention lacks ambition and principles EU shipbreaking policy scrapped UK waives '175m backdated ports bill Emergency budget announces funding to absorb backdated business rates UK freezes backdated ports rates IACS welcomes Indian Register Indian Register of Shipping admitted as new member of International Association of... Class reaches a turning point

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JUNE 22, 2010
Carnival yields turn positive CRUISE giant Carnival Corporation reported encouraging booking trends today, but conceded that currency will pressure full-year results Carnival sees no spill fallout THE GULF of Mexico spill disaster has had no impact on bookings and virtually no effect on operations, Carnival Corp chairman Micky Arison affirmed today Norwegian Epic bearing down slowly THE £800M mega cruise liner Norwegian Epic is reportedly proceeding at half-speed to Southampton today, after one of its shaft bearings failed IMO boss praises 'unsung heroes' IMO secretary-general Efthimios Mitropoulos has recognised the major contribution of Filipino seafarers to international shipping Seafarers' welfare awards announced A NEW INITIATIVE to promote international seafarers' welfare facilities and services has been launched Petrobras spending to surge BRAZILIAN oil giant Petrobras will spend $224Bn through 2014, 20% more than the last year's plan Posco to raise steel prices MAJOR SOUTH Korean steelmaker Posco will increase its steel product prices by an average of 6% on volumes ordered from July this year, media reports said today

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JUNE 22, 2010
LA-LB Tops Port Real Estate Index NY-NJ Port Seeks Bayonne Bridge Proposals DOT, Railroads Come Closer to Agreements Economist Predicts Sustainable Recovery Customs Honors Retired Officials Bersin Pushes Security, Trade Integration First U.S. Corn in 15 Years Reaches China NFI Industries Buys Canadian Logistics Firm IPD S&P Hikes Kansas City Southern Debt Rating Gulf Spill Impact 'Trivial' on Real Estate, says Economist Amsterdam Completes Rail Link to Germany CMA CGM Denies Shifting Debt New MOL President Outlines Goals Diesel Prices End Decline, Grow 3.3 Cents APL Launches Vessel for Asia-India Service New Container Prices Hit 19-Year High

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JUNE 22, 2010
Transpac carriers report Q1 volume boost US anti-trust immunity under pressure UK 'emergency budget' EU imposes its own sanctions on Iran Safmarine to phase in new MPVs

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JUNE 22, 2010
Teekay Corp inks FPSO extension Petrobras gives green light to Bjorn Moller-led Teekay for second round contract linked to Brazilian offshore project. Judge slams Gulf Coast drill ban Offshore outfits score whopping win as US judge overturns President Obama's six-month moratorium on deepwater drilling. Pistiolis: 'No forced sales' Top Ships chief will dig into his own pocket if DVB loan issue can't be resolved. Bayou boss joins Gulf battle Louisiana governor Bobby Jindal joins Hornbeck in courtroom fight to kill GoM drilling moratorium. Carnival hit by bunker costs Micky Arison-led cruiseship giant sees second-quarter profit fall on higher fuel bill but growth predicted. Brazilian LPG order on ice 'Virtual' yard fails to grab footing just months after scoring massive order from Sergio Machado-led Transpetro. German 'arms' ship held in Cyprus Inspections required on Briese Schiffahrts' Santiago as fears raised of Sudan-bound weapons cargo. Top may have to shift ships Nasdaq-listed shipowner may be forced to offload assets as DVB loan repayment looms. Norden quashes capesize charter Dane agrees with mystery charterer to quash long-term charter and re-jigs handysize orderbook. Vinalines sells out of agency Vietnamese owner offloading almost all shares in compatriot Gemadept. Greeks have fewer ships Greek owners boast over 100 fewer vessels than a year ago, with the number of bulker and tanker firms down. Indian ports to go public State-controlled terminals promised more autonomy through shift away from trust status. Ships prove safer than banks Owners considering cashing their chips may want to think again. CMA CGM quashes debt rumour Jacques Saade-led boxship owner denies 'malicious' media claim that it has shifted debt to Global Ship Lease. Idle boxship fleet sinks below 3% Newbuilding arrivals can't stop the flood of previously laid-up ships returning to work. USC empire to expand again Zelenodolsk shipyard likely to be transferred to ever-growing Russian state shipbuilding company. STX books Kamsarmaxes South Korean shipowner adds to its recent order spree with what is believed to be four bulkers. OSX in Brazil yard scrap Eike Batista-led offshore company to appeal against attempt to block shipyard plans in Santa Catarina. Muto's four-pronged assault New MOL president outlines commitment to credibility, investment, environment and employees as he takes reins. Go's Princess plea rejected Sulpicio Lines exec Edgar Go still facing charges over 2008 ferry sinking. Hajara confirms newbuilding splash SCI boss pledges to spend another $2bn on 30 more ships by 2015. Turkey wants Bosporus bypass Oil majors summoned to summit to discuss tanker congestion in Istanbul. Glory Wealth slapped by NCS Legal tab tops $100m as North China Shipping joins fight for Glory Wealth's US cash claim. Mermaid ditches tender rig project Thoresen Thai Agencies' offshore arm books $7m loss from sale of its majority stake in newbuilding. TSA hails sustained growth Asia to US group of container lines enjoys 13% increase in first quarter cargo volumes. NOL sees volume strength Neptune Orient Lines sees volumes jump 34% year-on-year for second consecutive month. Mystery investor unveiled Qatar emerges as secret Middle East investor behind new stake in China's Yangzijiang Shipbuilding. Equinox aims to refinance Company converting ferries into offshore accommodation vessels looks to raise at least $30m. Epic arrives at half-speed New NCL cruiseship dogged by problems suffers technical difficulties before debut voyage from Rotterdam.

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JUNE 22, 2010
Container production doesn't stack up Transpacific carriers brace for surge NIC: Jones Act 'no impediment' to Gulf cleanup TIACA criticizes rumored U.K. per-flight tax Zim ship unloaded in Oakland Sramek remains Long Beach port commission head

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JUNE 22, 2010
Eight new tankers to Stena pool Newly established Principal Maritime Management, owned by Veritable Maritime Holdings, will join the Stena Sonangol Suezmax pool with its fleet of seven modern Suezmax Tankers. The Suezmax vessels joining the Mærsk CEO "We're more competitive than before the crisis" The Danish A P Møller Mærsk Group was deeply affected by the recession, like many other owners in the shipping community. However, during the crisis some important strategies were implemented New company launches new Göteborg container service Green Feeder Ltd, a new European operator, has launched a weekly container service between Antwerp and Göteborg, using the chartered 508 TEU Dornbusch, Alphaliner reports. The new service caters for

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JUNE 22, 2010
Rotterdam, Hamburg lack market direction Good bunker and barge avails in Piraeus. Tanker operator files for bankruptcy Vessels were arrested in April over unpaid bunker bills and other debts. Prices soften in Fujairah Good demand with avearge avails in Durban. Bunker costs hit Carnival's bottom line Fuel bills 'offset' rising revenue. 'Go slow and large' to cut CO2 New MOL President points to 'most effective method' to reduce emissions while meeting increased demand for transport. New contact details for FuelTrax company Bunker fumes continue to trouble Gibraltar Environmental Safety Group receives a number of complaints, welcomes Government air pollution action plan. Bouchard takes delivery of another OPA 90 compliant tank barge Double hull vessel has been certified by the American Bureau of Shipping. Prices for IFO grade soften in major ports Demand generally up as 'price dropped a little', traders say. Peninsula to open office in Tokyo Source says office will open next month. China to see more bonded bunker players? Government shows 'blurry attitude' on whether they will issue more licenses. Titan extends 'critical' exchange offer deadline Sees bigger response for its new exchange offer, but still less than 70% required to close the offer. Singapore shipowners reluctant to use new fuel standard Full implementation of ISO 8217:2010 to take two years, shipowners say.