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Shipping News

Black Sea tanker rates rise on weather disruptions
Black Sea crude oil tanker rates stayed firm on Monday as weather related delays in the Turkish Straits tightened tanker availability raising the cost of transporting cargoes.
APM Terminals sets sights on Asia-Pacific
APM Terminals, a unit of AP Moller-Maersk Group, is gearing up to literally make inroads in emerging markets like China, India, and Vietnam.
Baltic index posts gain, outlook positive
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for the first time in over three weeks on Monday as a pick up in cargo activity bolstered sentiment.

Strait Talk

The passing of Gregorio Oca marks end of era
WHILE shipping is a vital global industry - in fact, the engine of globalisation - it's relatively small compared with the big, land-based industrial sectors. Indeed, the international maritime community often has something of a 'village' feel about it.

Motoring

MotoGP may be revving to India in 2012
The promoters of India's inaugural Formula One Grand Prix in 2011 are in talks with MotoGP bosses to bring the world motorcycling championship to the country, a company spokesman said yesterday.
US probes rental car companies over recall repairs
US car safety investigators are looking into whether rental car companies are completing repairs on recalled vehicles from General Motors Co, Ford Motor Co, and Chrysler Group LLC before renting or leasing them.

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Shipping News

Black Sea tanker rates rise on weather disruptions
Black Sea crude oil tanker rates stayed firm on Monday as weather related delays in the Turkish Straits tightened tanker availability raising the cost of transporting cargoes.
APM Terminals sets sights on Asia-Pacific
APM Terminals, a unit of AP Moller-Maersk Group, is gearing up to literally make inroads in emerging markets like China, India, and Vietnam.
Baltic index posts gain, outlook positive
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for the first time in over three weeks on Monday as a pick up in cargo activity bolstered sentiment.

Strait Talk

The passing of Gregorio Oca marks end of era
WHILE shipping is a vital global industry - in fact, the engine of globalisation - it's relatively small compared with the big, land-based industrial sectors. Indeed, the international maritime community often has something of a 'village' feel about it.

Motoring

MotoGP may be revving to India in 2012
The promoters of India's inaugural Formula One Grand Prix in 2011 are in talks with MotoGP bosses to bring the world motorcycling championship to the country, a company spokesman said yesterday.
US probes rental car companies over recall repairs
US car safety investigators are looking into whether rental car companies are completing repairs on recalled vehicles from General Motors Co, Ford Motor Co, and Chrysler Group LLC before renting or leasing them.

web site

Shipping News

Black Sea tanker rates rise on weather disruptions
Black Sea crude oil tanker rates stayed firm on Monday as weather related delays in the Turkish Straits tightened tanker availability raising the cost of transporting cargoes.
APM Terminals sets sights on Asia-Pacific
APM Terminals, a unit of AP Moller-Maersk Group, is gearing up to literally make inroads in emerging markets like China, India, and Vietnam.
Baltic index posts gain, outlook positive
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for the first time in over three weeks on Monday as a pick up in cargo activity bolstered sentiment.

Strait Talk

The passing of Gregorio Oca marks end of era
WHILE shipping is a vital global industry - in fact, the engine of globalisation - it's relatively small compared with the big, land-based industrial sectors. Indeed, the international maritime community often has something of a 'village' feel about it.

Motoring

MotoGP may be revving to India in 2012
The promoters of India's inaugural Formula One Grand Prix in 2011 are in talks with MotoGP bosses to bring the world motorcycling championship to the country, a company spokesman said yesterday.
US probes rental car companies over recall repairs
US car safety investigators are looking into whether rental car companies are completing repairs on recalled vehicles from General Motors Co, Ford Motor Co, and Chrysler Group LLC before renting or leasing them.

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Toxic gas halts salvage of grounded MSC Chitra in Mumbai TS Lines, Gold Star launch China-Mideast loop November 27 Idle containership fleet rises to 336,000 TEU or 2.4pc Qingdao annual container volume to surpass 12 million TEU Jiangsu ship exports increase 58.5pc in first 10 months Port of Yueyang development plan approved Panama expansion expected to boost Virginia ports market share ESC revives the grey box idea amid anti-carbon craze North American leaders meet to boost regional economy Judge dismisses green plea to halt Delaware channel dredging Napolitano: Total air cargo screening 'not best way' US air forwarders seek profiling, not 100pc screening Indiana's Towne Air makes fifth acquisition in four years

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Bharati Shipyard to acquire 51 pc stake in Tebma Reduce paper work to save on shipping costs, DHL chief tells BRIC UASCs AEC1 service makes maiden call at Port Pipavav ESPLL to invest Rs 5.5K cr. more in capacity building NMPT berths season's first main line vessel Port Pipavav inks MoU with Aegis Logistics for construction of oil & petrochemicals storage complex Food inflation eases for fifth straight week India set for more sustainable pace of growth-OECD report CII Manufacturing Summit on Nov. 26, 27 India Sourcing Fair opens in Singapore Third International Horti Expo 2011 from Jan. 7-9

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NOVEMBER 22, 2010
British Airways wins first round in cartel battle British Airways (BA) has won a high court battle to prevent hundreds of air cargo customers from joining together to sue it for damages relating to BA's role in a price-fixing cart... Gebrüder Weiss opens new cross-docking terminal in Romania The Austrian freight forwarding and logistics corporation Gebrüder Weiss opened a new cross-docking terminal in Sibiu (Romania) on schedule on 5 November. The terminal... Agility profits down in Q3 Agility, a global logistics operator headquartered in Safat (Kuwait), has reported a 1.9% decline in sales from KWD 413.6 million (EUR 1.07 billion in Q3/2009 to ... Brenntag reports good Q3 results The chemical distribution service provider Brenntag announced a third quarter 2010 post-tax profit of EUR 43 million, more than double the nigh on EUR 20 million it achieved last y... New mobile harbour crane for ICTSI Madagascar The Madagascar International Container Terminal (MICT), part of the company International Container Terminal Services Inc (ICTSI), recently acquired a mobile harbour crane. The new... TNT's Thomas Kraus new board chairman for Ludwig Ehrhard prize Thomas Kraus, CEO of TNT Express GmbH, has become the new chairman of the board of the initiative that awards Germany's Ludwig Ehrhard prize. The prize, named after the post-war We... GMAA banking on training of young arbitrators The German Maritime Arbitration Association (GMAA) is set to stage regular talks and workshops on maritime legal issues. The GMAA is simultaneously seeking a cooperation deal with ...

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NOVEMBER 23, 2010
Salazar tries to cut offshore wind red tape DryShips buys options to build up to four drillships Indian warship fires warning shots ahead of Restis bulker

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NOVEMBER 23, 2010
Truck tonnage index up during month of October NYK participating in oceanographic observation project Crowley vessels honored with environmental achievement awards Port of Port Angeles releases 2011 budget numbers Navios Maritime Holdings takes delivery of new vessel

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NOVEMBER 23, 2010
Relief for UK shipping as immigration cap watered down Officers and graduate maritime professionals will in practice still be able to work in the UK Master sees through pilot's smokescreen How Deepwater Horizon will change the law South African case offers stark warning on English law European Shippers' Council backs container pools to ease shortages European shippers refloat 'grey box concept' Antitrust debate goes on despite Oberstar... DryShips inks options for new $2.4bn drillship series New orders will be sister ships of four being built by Samsung Heavy Industries Period charter fixtures help lift DryShips Malaysian Bulk Carriers warns new capacity could erode upside potential Malaysia's largest bulk carrier operator sees profit jump 26% to $28m in third... Switch from banking pays admirably for Hanjin...

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NOVEMBER 23, 2010
Transfield forced into liquidation ASIAN bulk charterer Transfield is being liquidated through proceedings in the British Virgin Islands and Singapore, newly filed documents have revealed DryShips doubles down on drilling DRYSHIPS, which is yet to secure funding for its existing drillship orderbook, today announced options for the potential construction of four more ultra-deepwater drill ships for $2.4Bn HMM's fall tied to parent deal HYUNDAI Merchant Marine's shares have dropped by 20% in South Korean trading in the past six days, reportedly because of concern about a key acquisition by its parent group UK yard wins platform order WORK HAS begun on converting the UK's Hadrian's yard to allow it to fulfil a $150M oil production platform contract, Fairplay was told today US coal export rise seen MORE COMPETITIVE pricing and surplus domestic supplies of natural gas might lead the US to export more coal to Europe next year, Barclays Capital has predicted TEN defends follow-on TSAKOS Energy Navigation today explained the rationale for its controversial secondary sale and reported higher quarterly losses than expected Pipavav oil terminal planned MUMBAI'S Aegis Logistics has signed a deal with APM Terminals-owned Gujarat Pipavav Port to build a new oil terminal Globus heads to NASDAQ Heroin seized at Lagos port Gazprom halts Nigerian plans Gambia severs ties with Iran Ferry subsidy challenged China touts skills to Canada WCUS coal port debated Strike to halt Greek ferries

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NOVEMBER 23, 2010
Waterways Conference Urges No Cuts to Port Spending Port Metro Vancouver Sets Container Record Ports of LA-LB Approve CAAP Update Container Ships Collide Near Kolkata Port FAA Charges Companies with Aircraft Cargo Violations APM Terminals Plans Joint Venture with Indian Oil Firm JOC's Tirschwell with Closing Remarks on TPM Asia (Video) Maritime Commission Investigation Winds Down Mumbai Airport Project Clears Hurdle Dockwise Gets Nod for $106 Million Share Issue GDP Rose 2.5 Percent in Third Quarter Deutsche Post Eyes Investments at DHL Costamare's Revenues Slip Slightly to $88.6 Million APM Terminals Eyes Asian Terminal Acquisitions

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NOVEMBER 23, 2010
Another chance to save the world? Boxship 'sinking' after Indian river collision Out of court settlement for Argos v Maersk Line - 2010 Safmarine reveals results for first time TSA seeking rate raises for new contracts

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NOVEMBER 23, 2010
Sea life through a camera lens We are getting more entries than ever from seafarers with just a week to go before the deadine falls on TradeWinds's annual photo competition. US inspectors haul in fifteen Transgas LPG tanker and Diana bulker nabbed in New Orleans as USCG logs latest port detention report. Sovcomflot in VLCC debut Sergey Frank-led owner to make first splash in top tanker segment as it teams up with China National Petroleum. Latsis ties up LPG tanker Diversified gas owner Consolidated Marine poised to pocket $7m from Total time charter. Costamare eyes Chinese cash Newly-listed owner is the next Greek in line to tap Chinese lenders for newbuilding funds, CFO reveals. DryShips doubles drill bet George Economou looks to quench drillship demand with $2.4bn newbuilding order fuelled by rock bottom pricing. BW VLGC destined for demolition Norwegian shipowner clinches $10m scrap contract for 1980s built gas carrier, brokers say. Wellington swells Sevan stake US investment giant takes control of $26m slice of Sevan marine following Norwegian buying spree. TEN to order tankers Nikolas Tsakos-led Greek to pen two newbuildings after charter deals as it unveils loss on rate slide. Arne Blystad close to cape deal Norwegian shipowner is nearing a $20m sale-and-leaseback deal for its only capesize bulker. Containerships in Indian smash Beluga Shipping's Tiger Spring "seriously damaged" in clash with Sea Consortium vessel in Hooghly river near Kolkata. Navy intercepts Restis bulker Warship fires warning shots in pursuit of Greek vessel after complaint from cargo receiver in Mumbai. Vosco surges back into profit Vietnamese tanker and boxship owner rebounds into the black on back of better revenue. SFI emerges stronger after Q3 Frontline shipowning spin-off builds profit as costs fall, despite lower spot rates in third quarter. Double departure at Seanergy Maritime Restis big-hitter Kostas Koutsoubelis and shipbroker Kyriakos Dermatis have quit as directors of Nasdaq-listed owner. NOCC maintains buying mood Lars Solbakken-led owner lays down around $20m to take control of two vessels and up its stake in a third. Odfjell scraps another tanker Oslo-listed owner will book a $2m loss after selling the Bow Panther to be cut up in India. MBC revs up in third quarter Malaysian Bulk Carriers posts higher profit on back of more revenue days as TCE rates actually fall. Ugland bulker in pirate scare Norwegian's supramax Carmencita assaulted overnight with crew almost resorting to citadel protection. Transfield ER files in NY Embattled Peter Mok-led Chinese bulker operator seeks US court protection with bankruptcy filing. Tanker master dies off Thailand Chinese captain found dead in his bed en route to India from Singapore. Petrobras seeking drillship partners Brazilian oil giant invites investors to buy into holding company ordering 28 drilling vessels as yards approved. Ship Finance scraps notes offer John Fredriksen company suspends $400m debt sale due to "weakening market conditions." Essar lines up expansion Capacity to be increased at four terminals as Indian owner keeps on spending. Bharati eyes whole nine yards Indian builder adding three more facilities to current six with proposed purchase of Tebma Shipyards. Golden profits down 45% Weaker dry cargo rates take their toll on Herman Billung-led bulker player as global fleet grows 12%. Murmansk Shipping gains mounting Russian tanker owner increases earnings as operating revenue grows. Piraeus ferries to be halted Greek seafarers' union members walking out on Wednesday over new collective pay deal. Mercator buys second ship Shalabh Mittal-led owner buys 2010-built post-panamax in second purchase in less than a month. Shell score for Fredriksen Oil major takes its hold on a Seadrill rig into a third decade with $130m extension. Georgia sees record highs US-based Georgia Ports Authority posts best month ever for container throughput and tonnage. Costamare inches lower Recently-listed Greek containership operator sees profits largely unchanged from a year ago. Steam Packet protests planned Unions to stage demonstrations against possible job losses on Isle of Man ferries.

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NOVEMBER 23, 2010
MOL releases on-time metrics Hanjin withdraws transpacific capacity Ship Finance suspends debt offering Bersin: Air manifest system ready for advance data DHL banking on India/Africa trade growth Oberstar laments inability to advance highway bill Commerce, SBA offer online tool for small exporters JCI Logistics to partner with Italian NVO China container growth slowed in October

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NOVEMBER 23, 2010
Prepared vessels successful against pirates Early Tuesday morning, the Norwegian-owned 58,800-DWT bulker Carmencita, built 2009, was attacked by pirates some 250 nautical miles north-east of Socotra off the Yemeni coast. The vessel High speed ferry runs on LNG Australian Incat is building a LNG-fuelled high speed catamaran at its shipyard in Hobart, Tasmania. The buyer has not been undisclosed but the vessel will have a capacity of

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NOVEMBER 23, 2010
BP Marine launches online 'port of call' for customers 'Enhanced web-site' to provide comprehensive information on products and services. Fujairah bunker market softens as Suez firms Suppliers in Durban say deliveries were available for supply up to and including December 4-12 Bunker prices falling in Rotterdam and Hamburg South European markets generally soft. EGCSA workshop to share technology experiences Hear the latest on developments and operating experience with exhaust gas cleaning systems this Friday. Fuel costs give impetus to slow steam But scope for more fuel-cost savings has almost been exhausted. SMP eyes growth in the Middle East Region represents 'one of our focal anticipated marine growth markets for fuels and lubricants,' says supplier. Bunker prices soften in Asian ports Slack demand in Asia's key bunkering hubs, traders say. Hybrid tug 'effective' in reducing emissions at US ports Foss-owned hybrid tug reduces soot emissions by 73%, nitrogen oxides by 51%, and CO2 by 27%, says study. Bunkering, petroleum sales lower Singapore Q3 trade growth Domestic wholesale trade down 10.6% while foreign wholesale trade fall 3.6% from the preceding quarter. Indian refiners sell 380 cSt parcels for December loading Buyers of the fuel oil cargoes include BP, Totsa and Shell. Lanka IOC to 'spread its wings' to Hambantota Waits to see business model of Sri Lanka Port Authority at the port before forming strategy.