Goldman: BRIC to drive growth of breakbulk THE breakbulk sector lags container shipping by about two quarters so for most of the players, 2009 was still a good year although this year will see a little bit of a falling off of demand as projects get completed and the next round of contracts takes time to be awarded.
Baltic Dry Index up on demand for ore carriers The Baltic Dry Index, a measure of shipping costs for commodities, posted a third climb on demand to hire iron ore and coal carriers.
M-E tankers return to surplus after 3 weeks The supply of supertankers waiting to collect 2 million-barrel cargoes of Middle East crude oil expanded for the first time in three weeks after demand for the vessels dropped.
Strait Talk
Industry turning more upbeat BACK in May 2008, international accounting and consulting group Moore Stephens decided to carry out a shipping confidence survey. It has repeated the exercises every three months since then. The surveys have provided a fascinating reflection of how the shipping industry has responded to the economic crisis precipitated by the credit crunch in late 2008.
Goldman: BRIC to drive growth of breakbulk THE breakbulk sector lags container shipping by about two quarters so for most of the players, 2009 was still a good year although this year will see a little bit of a falling off of demand as projects get completed and the next round of contracts takes time to be awarded.
Baltic Dry Index up on demand for ore carriers The Baltic Dry Index, a measure of shipping costs for commodities, posted a third climb on demand to hire iron ore and coal carriers.
M-E tankers return to surplus after 3 weeks The supply of supertankers waiting to collect 2 million-barrel cargoes of Middle East crude oil expanded for the first time in three weeks after demand for the vessels dropped.
Strait Talk
Industry turning more upbeat BACK in May 2008, international accounting and consulting group Moore Stephens decided to carry out a shipping confidence survey. It has repeated the exercises every three months since then. The surveys have provided a fascinating reflection of how the shipping industry has responded to the economic crisis precipitated by the credit crunch in late 2008.
Coca-Cola Drikker Norway invests in high tech warehouse solution The Coca-Cola Company's Norwegian bottling plant (Coca-Cola Drikker Norway) is now investing in one of Norway's most modern warehouse systems. The fully automated warehousing syste...
Hermes expanding in Germany The German parcel service provider Hermes is expanding its network of offices by adding a new distribution centre in Langenhagen near Hanover. The 230 m long and 60 m wide logistic...
Indian Ocean Ports and Logistics conference, 25-26 March, Mauritius The 4th Indian Ocean Ports and Logistics conference, a container ports, shipping and transport logistics conference and trade event serving Africa and the Indian Ocean, will take p...
Hapag Lloyd increases rates for dry and reefer containers The German shipping company Hapag-Lloyd is increasing rates for all dry and reefer containers from the Indian Subcontinent to North Europe and the Mediterranean by USD 200 per...
China's consul general visits Propeller Club Strasbourg The Propeller Club Port of Strasbourg (France) recently invited China's consul general in Strasbourg, Sun Jiwen, to a discussion with leading representative of French com...
Köhler-Arp leaving Color Line Jan-Hendrik Köhler-Arp, marketing and sales director of Color Line is leaving the shipping company on 31 March. He will establish his own consultancy. K'hler-Arp has served Co...
Germany's road freight traffic decreased by 10% in 2009 Germany's road freight traffic decreased by 10% in 2009 Germany's Federal Statistical Office (Destatis) reported that nearly 4 billion t of freight were transported last year. The ...
Asia Pacific airlines suffered in 2009 but optimistic for 2010 The Association of Asia Pacific Airlines (AAPA), the trade association of 17 scheduled international airlines based in the Asia-Pacific region, released preliminary traffic figures...
Asig signs cargo handling agreement with Singapore Airlines Cargo at LAX Aircraft Service International Group (Asig), an aviation service provider headquartered in Orlando FL (USA), announced that it has signed a three-year agreement with Sing...
Schmitz Cargobull sees signs of rising trailer prices Schmitz Cargobull has warned that, as a result of the spiralling raw material costs of aluminium, plastics and oil, trailer prices are likely to rise in Europe in the coming months...
A400M still facing heavy weather The Airbus parent company EADS is holding negotiations with representatives of seven states that have placed orders for the Airbus military transporter A400M to hammer out a plan f...
River Seine: success story with great perspectives The scheduled container service on the River Seine between the Paris region and the port of Le Havre (all France) recently celebrated its 15th anniversary. It gave the port of Pari...
Conversion of single hull to double hull ships possible in future The German inland shipping organisation (Bundesverband der Deutschen Binnenschiffahrt/BDB) has pointed out that it will still be possible to convert single-hulled barges into inlan...
High-yield bond market set for record boom 2010 could see sharp rise in New York and Europe activity as shipowners return.
Genmar to join junk bond brigade
CMA CGM in last ditch bid to save newbuilding order Executives rush to Seoul after Hanjin Heavy sells one of the ships at bargain basement price.
IRISL risks losing P&I cover again Bermuda-registered South of England Protection and Indemnity Association set to stop doing business with Iranian company.
StealthGas to take hit from Lauritzen resale cancellation Decision a prudent move, says chief executive Harry Vafias.
MSC Cruises and HAL beef up UK calls Lines reshuffles Dover and Southampton operations.
Investors flee StealthGas STEALTHGAS shares nose-dived 17.5% today after revelations of three loss-making LPG carrier sales and a spurned product tanker acquisition
Marshall Islands passes Bahamas THE MARSHALL Islands has overtaken the Bahamas to become the world's third largest flag-state, according to Clarkson Research's new World Fleet Monitor
Texas spill queue grows AS CLEAN-UP continues today from this weekend's Sabine Waterway oil spill, more vessels are waiting to get in and out of Texas's Port Arthur refinery complex
Ice thaws a bit at China's ports FREAK weather conditions that have led to an unusual build-up of sea ice in major northern Chinese ports have started to recede
Yard directors in legal threat SPANISH authorities in Andalucia said today they have given directors of the Huelva and Seville shipyards 48 hours to accept a restructuring plan ' or face legal action
StealthGas drops Harry Vafias' LPG carrier owner sees shares plummet in New York after vessel sales, a cancellation and an analyst downgrade.
Nordic war chest Herbjorn Hansson-led Nordic American Tanker Shipping says it could earn more $136m from its latest share offering.
CCNI to issue Chilean liner player poised to issue 76.6 million shares worth $51.3m in deal with shipowners to relieve cash woes.
$70m for Global US offshore vessel owner Global Industries confirms Malaysian transport and installation deal.
Seaboard returns Miami-based shipping company gearing up for the first liner vessel call near earthquake-stricken Port-au-Prince.
Yard claims $36m Atlantic Marine says trio of bankrupt AHL Shipping-linked newbuilding companies owe it millions for work on products tankers.
30 boxes lost Seaboard Marine-controlled ro-ro loses containers south of Key West, Florida.
'No deal' "Serious reservations" about design sees Harry Vafias-led StealthGas axe products tanker buy from J Lauritzen.
Buquebus building Argentine ferry owner building $100m terminal and shipyard facility in Uruguay's capital.
Magic man? Arctic Securities thinks John Fredriksen has pulled another rabbit out of the hat as it initiates coverage of Golar LNG Energy.
IRISL cover crisis Iranian line loses Gard led hull cover as Bermuda imposes anti-terrorism insurance sanctions.
Esvagt hunting Danish offshore owner is on the lookout for safety and standby newbuilding after penning 10-year charter with Eni.
Queue forming After three-way crash featured in this week's "Casualty file", Coast Guard is hoping some traffic will resume Wednesday in a Texas waterway.
End of Eternity StealthGas sells LPG carrier Gas Eternity to mystery Asian buyer for reported $3.5m loss.
1 dead off Taiwan Search continues for eight missing crew as sunken Thai timber-carrier claims Myanmar national.
Exclusivity over Camillo Eitzen opts not to extend exclusivity period with BLT despite hope takeover can be completed by mid-June.
Tanker grounds Norwegian-owned coastal vessel Frigg stuck off Alesund, but no pollution reported.
Boxes battered Horizon Lines ship loses six containers in three-day storm off Hawaii.
Bulker axe denied Greek owner Laskaridis Shipping vows to press ahead with trio on order at beleaguered 21st Century Shipbuilding.
Term hope Aries Offshore PSV joins BP Norway at around $20,000 per day as North Sea market perks up.
Keppel confident Singapore-listed rig builder bullish about improving offshore business as "worst of the global economic crisis has passed".
Swap shop US offshore owner Hornbeck opens offer to exchange $250m of debt for freely tradable notes.
Ports closed South Korea claims North has banned ships from entering Yellow Sea region to prepare for missile tests.
Frontline fright Chest pains and breathing problems sees Filipino airlifted from Frontline suezmax off US.
Wet wave slows Tanker newbuilding torrent less severe than feared, with VLCC and panamax fleets to shrink in 2010, Charles R Weber says.
Staying home Dubai's Istithmar will not sail QE2 liner to Cape Town for summer World Cup.
Slow steaming CKYH Alliance to introduce slow steaming on services between Asia-Europe and the Mediterranean.
Panamax payday Trafigura wins $83m ruling against Emirates General Petroleum for unpaid cargoes.
Russians recede Volgaflot suffers 17% slump in cargo volumes during 2009 as recession takes its toll.
Teekay trauma Young boy with suspected appendicitis airlifted from Teekay aframax in remote Atlantic Ocean.
Offering expands Nikolas Tavlarios-led bunker player sees underwriters exercise option to purchase additional shares.
Nidas nabs oil Daewoo Shipbuilding's Nigerian tanker venture grabs $100m contract to ship oil for partner NNPC.
Kuwait mission Hyundai Engineering wins share of $1.1bn deal to build new container port at Boubyan island.
Foot vote Smit director Willem Cordia heads for the exit in protest against Boskalis takeover.
Still sailing Tongan ferry declared unsafe leaves port, with transport minister none the wiser.
Tanker plan US owner Seacor to rebuild vital oil terminal at Haiti's Port-au-Prince as Crowley delivers containers.
Fredriksen in new bust up with TUI board Norwegian shipping magnate John Fredriksen calls for an investigation into the financial rescue of troubled container carrier Hapag-Lloyd, reports Journal of Commerce. The board disagrees and has asked the
Odfjell sells another tanker for recycling The Oslo Stock Exchange listed Odfjell sells another parcel tanker to India for recycling. Last week the company sold the Bow Maasslot, now the company sells the 1983-built Bow
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
