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Shipping News

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.

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Shipping News

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.

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CMA CGM starts new feeder service from Hamburg-Poland Virginia Port's box throughput falls 16.2pc in 2009 BNSF down 12.8pc, Union Pacific falls 17pc in fourth quarter Liner Shipping Pte Ltd clinches Singapore SME 500 Award 2010 Just-in-time parts delivery soon from UPS in mainland China Tanjung Manis Integrated Port to handle 200,000 TEU by 2011 Crowley Cargo tests out dispatch of containers to quake-hit Haiti's Port-au-Prince Mindanao CT handles 118,664 TEU in 2009 Chongqing Airport export volume down nearly 25pc in 2009 PanAir Cargo appoints ECS as GSA for Singapore, Europe Shanghai-Hangzhou airport export trucking service launched ACE Air Cargo flight crash, pilots bodies found

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WCA acknowledges Tulsidas Khimji as 'Best Partner-Indian Subcontinent for 2009' Bharati holds 44.26 pc stake in Great Offshore Rangnekar leaves INSA for Muscat co. Tuscor Lloyds thrives on challenges Govt to divest part of stake in CSL, SCI & DCI Hapag-Lloyd announces service enhancements from Feb. Hanjin Shipping slow steams on Asia-USEC trade CMA CGM mulls shifting ECS service from Haiti to Dominican Republic MSC to levy Asia-Europe 'peak season' charge in Feb. 3 newbuildings added to MAERSK LINE's southern fleet K Line to hike THC at Vietnam's ports Coscon levies wide range of rate hikes from Asia GAC, MariFlex team up to provide ship-to-ship transfer services YANG MING LINE Sharaf Group form JV Famous Pacific Shipping eyes global expansion HK 2009 volume off 14.6 pc to 20.9 m TEU, Singapore down 13.5 pc to 25.9 m TEU MSC gets 10th chemical tanker IMC & Chittagong Chamber sign MoU Vasan sees Major Ports sailing past 1-bn tonne handling capacity MoP discharge record set at NM Port On last mile, Rlys moves the goalpost! Indian Re to touch 40 a dollar New FDI policy to be ready by March 31 Core sector maintains growth momentum in Dec. India set to grow at 7.5 pc in 2010-WB report Mauritius to slam doors on tax haven-scouting firms CII summit seeks further economic reforms to lure more FDI IMC meeting on GST today Paying TDS sans PAN to attract fine Sunil Mitra to be new Revenue Secy Korean body to hold trade meet today

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JANUARY 25, 2010
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...

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JANUARY 26, 2010
CKYH slow steams China ports freak weather alert "Customary shortage" warning Response to carp "hysteria"

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JANUARY 26, 2010
Scottish ship repairer adds dry dock capacity Sydney Harbour Ferries to get chart radars Donjon-Smit completes North Atlantic rescue tow MAN Diesel ready for IMO ship recyling convention

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JANUARY 26, 2010
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.

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JANUARY 26, 2010
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

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JANUARY 26, 2010
Video: FMCSA's Anne Ferro on Trucker Hours of Service CN Profit Rises 1.6 Percent MSC Hikes Rates from North America Truckers Call for Ban on All Driver Texting More Driver Rules to Follow Texting Ban Prince Rupert Volume Grew 15 Percent Brussels Airport Cargo Slumps OOIDA Says DOT Moves Too Quickly on Text Ban S&P Lowers UPS Long-term Rating Outlook Storm Knocks Horizon Boxes Overboard EU Closes Anti-Trust Probe of France's La Poste BNSF Cuts Domestic Intermodal Transit Times DOT Bans Texting by Truckers, Bus Drivers Drewry Tracks Carriers' Financial Health CKYH Begins Slow Steaming Eastbound Europe-Asia Container Rates from China Surge 24 Percent Customs Launches Importer Security Filing

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JANUARY 26, 2010
Davos awaits the VIPs Compulsory container weighing recommended Shippers fume at Maruba silence CMA CGM in headlines again Port-au-Prince port infrastructure damage extensive

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JANUARY 26, 2010
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.

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JANUARY 26, 2010
Drewry examines carrier financial health NOL: Volumes up; rates down CKYH Alliance slow steams Asia/Europe loops Wallenborn wins AirBridgeCargo contract E-Day! ISF enforcement period begins Panalpina opens in Murmansk Tampa ports weigh canal expansion Savannah volume up 18.2% in December

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JANUARY 26, 2010
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

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JANUARY 26, 2010
Bunker prices show little movement Losses in early trading on NYMEX. Prices mixed in Middle East hub One player fully committed in Durban. Sweden takes tough line on 0.1% sulphur requirement Authorities see no reason to relax legislation for vessels in Swedish ports. Russian fuel oil output climbs December volumes up year-on-year and month-on-month. Ice delays bunker deliveries in Hamburg Smaller barges need tug assistance. Supplier ready for IPO Company's common stock expected to commence trading on NASDAQ this Tuesday. New supplier in Mombasa Fossil Fuels 'positioning' itself for growth. Prices for 380 cSt steady in Singapore Weak bunker demand in key Asian ports. Bad weather stalls bunkering in Istanbul Adverse weather conditions also putting pressure on MGO stocks. Aegean gets a boost Underwriters exercise option to purchase additional shares. Hong Kong bunker sales fall 20% in 2009 Year-on-year decline a result of less shipping traffic and competition from neighbouring ports.