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Shipping News

Maritime Week to be even bigger in 2011
EVEN as this year's Singapore Maritime Week kicks off, plans are already being made for next year as Sea Asia 2011 was launched yesterday with an expected 20 per cent increase in exhibition space over the previous edition of the show in 2009.
Panalpina opens 20,000 sq m facility at Loyang
LOGISTICS giant Panalpina is the latest to jump on the oil and gas bandwagon, opening a dedicated 20,000-plus sq m facility at Loyang Offshore Supply Base yesterday.
PPL launches Sinopec rig
SEMBCORP Marine unit PPL Shipyard launched the Kan Tan 6 yesterday, a Pacific Class 375 offshore jack-up rig commissioned by a subsidiary of Chinese oil-and-gas heavyweight China Petroleum & Chemical Corporation (Sinopec).
Supertanker prices surge close to 9-month highs as owners reluctant to sell

Strait Talk

Maritime hub with a high-tech edge
SO WE are already halfway through Singapore Maritime Week (SMW). And Sunday's Amazing Maritime Race does seem to have worked as an ice-breaker to set the week buzzing.

Motoring

China poised once again to play key role in US rail construction
Nearly 150 years after American railroads imported thousands of Chinese labourers to build rail lines across the West, China is poised once again to play a role in American rail construction. But this time, it would be an entirely different role: supplying the technology and engineers to build high-speed rail lines.

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Shipping News

Maritime Week to be even bigger in 2011
EVEN as this year's Singapore Maritime Week kicks off, plans are already being made for next year as Sea Asia 2011 was launched yesterday with an expected 20 per cent increase in exhibition space over the previous edition of the show in 2009.
Panalpina opens 20,000 sq m facility at Loyang
LOGISTICS giant Panalpina is the latest to jump on the oil and gas bandwagon, opening a dedicated 20,000-plus sq m facility at Loyang Offshore Supply Base yesterday.
PPL launches Sinopec rig
SEMBCORP Marine unit PPL Shipyard launched the Kan Tan 6 yesterday, a Pacific Class 375 offshore jack-up rig commissioned by a subsidiary of Chinese oil-and-gas heavyweight China Petroleum & Chemical Corporation (Sinopec).
Supertanker prices surge close to 9-month highs as owners reluctant to sell

Strait Talk

Maritime hub with a high-tech edge
SO WE are already halfway through Singapore Maritime Week (SMW). And Sunday's Amazing Maritime Race does seem to have worked as an ice-breaker to set the week buzzing.

Motoring

China poised once again to play key role in US rail construction
Nearly 150 years after American railroads imported thousands of Chinese labourers to build rail lines across the West, China is poised once again to play a role in American rail construction. But this time, it would be an entirely different role: supplying the technology and engineers to build high-speed rail lines.

web site

Shipping News

Maritime Week to be even bigger in 2011
EVEN as this year's Singapore Maritime Week kicks off, plans are already being made for next year as Sea Asia 2011 was launched yesterday with an expected 20 per cent increase in exhibition space over the previous edition of the show in 2009.
Panalpina opens 20,000 sq m facility at Loyang
LOGISTICS giant Panalpina is the latest to jump on the oil and gas bandwagon, opening a dedicated 20,000-plus sq m facility at Loyang Offshore Supply Base yesterday.
PPL launches Sinopec rig
SEMBCORP Marine unit PPL Shipyard launched the Kan Tan 6 yesterday, a Pacific Class 375 offshore jack-up rig commissioned by a subsidiary of Chinese oil-and-gas heavyweight China Petroleum & Chemical Corporation (Sinopec).
Supertanker prices surge close to 9-month highs as owners reluctant to sell

Strait Talk

Maritime hub with a high-tech edge
SO WE are already halfway through Singapore Maritime Week (SMW). And Sunday's Amazing Maritime Race does seem to have worked as an ice-breaker to set the week buzzing.

Motoring

China poised once again to play key role in US rail construction
Nearly 150 years after American railroads imported thousands of Chinese labourers to build rail lines across the West, China is poised once again to play a role in American rail construction. But this time, it would be an entirely different role: supplying the technology and engineers to build high-speed rail lines.

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CIMC inventory loss cuts profit 15.4pc, but Q1 sales up 82.6pc APL four-week volume increases 32pc while revenue grows 12pc CMA CGM to again up EPIC rate, US$200/TEU from India to Med/Europe Zim hikes rate US$200 from India to Europe on May 15 Dalian's first quarter volume up 19.6pc to 1.2 million TEU Shipping Corp of India bids on more containerships Port Klang chairman, Northport CEO visit Luka Koper, Slovenia TT Club insurers set new guidelines for cargo slinging US-China exports prove resilient despite recession Maersk notes change in St Petersburg First Container Terminal free storage terms Clean Trucks too costly for independents, legal costs hit US$8 million Volcano fall-out shows vulnerability of global supply chains AAPA: Asian airlines recovering with March cargo up 33.1pc Yangtze River Express launches Xiamen-Osaka service Hangzhou to launch first European flight service in May TransAsia Airways launches Fuzhou-Kaohsiung service

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SCI gearing up to begin operations at DP World, Vallarpadam Terminal Safeguard probe of 8 EU, US products ends FTA, MoU with Vietnam to bolster trade Cabinet nod for trade with APTA nations FTA with Israel may be springboard to West Asian market Dumping duty on phenol from Japan, Thailand China-Asean FTA may hit India NM Port getting popular on cruise ships' itinerary DHL to globally launch new ad concept today To develop highways, Ministry to step on the gas Life insurance industry: New business up by 68 pc in March 2010 India gets more muscle in World Bank Spinners' gesture leaves Tirupur exporters cold Incorporate schemes in FTP to encourage R&D, Fieo urges DGFT Double whammy for exporters Exclusive SEZ for defence equipment on Gujarat govt's radar FIIs reiterate faith in Indian cos; invest more

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APRIL 26, 2010
New plans to deepen the Elbe in June The German government has announced that the amended plans for deepening the River Elbe in Hamburg will be presented in June. The time frame is the same as the one that was tabled ... Irish ports and shipping sector begins recovery from record fall in volumes The latest edition of the Irish Maritime Transport Economist found that the Irish ports and shipping sectors began to show positive signs of recovery towards the last quarter ... C.H. Robinson with more revenue, but less profit Eden Prairie MN (USA)-based logistics service provider C.H. Robinson Worldwide Inc reported a Q1/2010 profit of USD 84 million, 1.6% less than in Q1/2008. The company said revenue ... Hub Group reports increase in profits and revenue The US-based intermodal and logistics company Hub Group Inc reported a Q1/2010 net profit of USD 8.7 million, 35% more than in the same period in 2009. Hub Group's revenue inc... Caterpillar phases in new logistics centre The diesel and gas motor manufacturer Caterpillar Motoren has put a 16,500 sqm logistics centre into service after an eight-month construction phase. The facility is located in Hen... Cargolux happy to have survived "its most difficult year" Luxembourg-based Cargolux, Europe's largest all-cargo airline, saw a reduction in fleet utilization, load factors and yields last year. The service provider saw its 2009 tonna... UAC and Antonov establish management company The Moscow-based joint stock company United Aircraft Corporation (UAC) and the Ukrainian aircraft manufacturing and services company Antonov have agreed to establish a management c...

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APRIL 27, 2010
Deepwater Horizon response efforts continue Departments agree ground rules for Deepwater Horizon investigation Trico Marine Group appoints new officers Jones Act is a major jobs generator Colle Maritime orders LNG escort tugs

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APRIL 27, 2010
US box imports set to surge in 2010 Box shipping on track for strong recovery in US trades but American job market will dictate final outcome Obama ransom order raises fears over crew safety US under pressure to explain move at IMO safety meeting as countries express alarm Lloyd Fonds reactivates last idle ship KG financier charters APL Virginia to CSAV at new benchmark rate UN mulls special court to try pirates UN Security Council vote in favour of proposal to consider the creation of a new regional court to prosecute pirates Concordia predicts return to profit Owner bullish as it expands fleet of medium-range and panamax product tankers

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APRIL 27, 2010
World trade rebounding CONTAINER, bulker and tanker markets should all enjoy strong demand rebounds this year, IHS Global Insight reported today Shipbreakers denied clearance BANGLADESH'S government has told Fairplay it has rejected all 93 applications from breaking yards since requiring them to seek clearance to operate from its environmental office Domes planned for rig leak THE US Coast Guard told Fairplay today BP engineers plan to use large underwater domes to stop a major oil spill in the Gulf of Mexico from spreading Strike delays cruise ship, ferries A PULLMANTUR cruise ship has left Piraeus after being stuck in the Greek port because of a seafarer strike French canals blocked by barges BARGE operators blocked canals in northern France for a second day today as they called on the government to help them cope with a slump in freight rates Warm approach to Arctic urged FINLAND today stessed the need for co-operation in the Arctic if its resources are to be harnessed effectively

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APRIL 27, 2010
Norfolk Southern Profit Jumps 45 Percent Engine Maker Cummins Boosts Profit in First Quarter Steel Imports Rose in March House Proposes FAA Act Extension Railroad Study Assails Positive Train Control UPS Opens Asia Hub at Shenzhen Ex-New Orleans Port Director Dies Supreme Court Refuses to Reopen Carp Case OOCL Launches Carbon Calculator FedEx Freight May Put Shipments on Rail in Future Consumer Confidence Hits 19-Month High KCS Swings to Profit on 26 Percent Revenue Jump IHS Global Insight Forecasts 8.5 Percent Trade Growth "K" Line Posts Loss, Forecasts Profit Eurogate Profit Tumbles 59 Percent NYK Line Lost $187.5 Million in 2009 MOL Bulk Income Saves Profit Truckload Carrier Celadon Swings to Profit Port of Lake Charles Names Director CSAV Leads Capacity Increases UPS Earnings Jump, Optimism Grows Rickmers Maritime Profit Drops 51 Percent Carriers Warn Against Anti-Truck Policies

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APRIL 27, 2010
NOL's numbers recovering well Greek rescue deal to come with 'strict conditions' WCA sets up office in Ghana

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APRIL 27, 2010
Transpetro's $265m tanker order Sergio Machado-led shipping subsidiary of Brazilian oil giant awards domestic yard a tender for five products tankers. Argentina gets tougher Shipowners with vessels trading near the Falkland Islands may think twice before sailing past Argentina's oil-rich offshore zone. Stealth ship snagged in US LPG carrier controlled by Harry Vafias-led StealthGas lands on Coast Guard's latest list of twelve US port detentions. Scorpio splashes IPO cash New York-listed owner more than doubles fleet size with deal for four handymax tankers. "Half will falter or fall" Analyst says 50% of dry-cargo newbuildings for 2010 will be delayed or cancelled as it is "physically impossible" for yards to keep pace. Managers mum on sunken ship Capsized containership that sank in the Caribbean deemed 'total loss' but cause of the incident remains a mystery. CSAV piles on capacity Recovery in container volumes sees carriers gain capacity with South American up almost 50%. Noren fears orderbook bite Concordia posts vastly improved profit in Q1 but rates will remain under the cosh for some time, president warns. Yard pact for Sevmash Russian shipbuilder to share expertise and marketing with Ukraine's Black Sea Shipyard. Islamist fear for seized ships Radical Somali group al Shabaab closing in on pirate stronghold where three hijacked ships are held. Subsea7 stumbles in first Kristian Siem-controlled firm sees quarterly profit hurt by reduced activity in three key markets. Kawasaki takes a kicking Japanese shipbuilder sinks into the red following heavy losses at US unit but expects to bounce back in fiscal 2011. Container carnage hurts MOL Japanese behemoth sees full-year profit cut by 90% following record loss from its boxship fleet. Bring in bunker boys Emissions abatement group SEAaT calls for inclusion of fuel industry in talks on carbon trading. Graha shipyard remains shut Drydocks World Asia chief blames sub-contracted workers for riot in Indonesia that injured four people. SITC moves into Taiwan Chinese container line wins approval for branch office in bid to operate without agents. Odfjell bids for Russian help Sevmash's refusal to honour $45m cancelled chemical carriers award features in ministerial discussions. Tank trouble for Scorpio New NYSE arrival sees one of three panamax tankers suffer damaged ballast tank in New Orleans. NYK to bounce back after loss Huge Japanese owner forecasting profit this year after racking up big deficit in year to 31 March. Goldenport buys again Paris Dragnis-led shipowner takes spending on secondhand tonnage to $24m in less than ten days. Bharati chases after Opielok Indian yard launches arbitration proceedings against Hamburg-based owner after PSV newbuilding is axed. Below 400 boxships sitting Idle containership capacity sinks to only 6.8% of the total fleet, says Alphaliner. K Line slumps to big loss Japanese hipping giant looking forward to better times ahead but red ink runs on waning sales. Merchant missile madness Pirates beware - Russian company marketing cruise missile system that can fit into shipping container. Rickmers Maritime profits halve Trust in poor start to 2010; income down 51% on a year ago on higher costs and interest rate swap losses. Vopak stores more cash Dutch tank terminals player enjoys strong first quarter as capacity increases. UASC seals boxship loan United Arab Shipping Co secures funds from Kuwait's Gulf Bank to help finance newbuildings. STX extends Genco charter South Korean shipowner takes US owners handymax for another year, but at 30% higher rate. NOL volumes up one-third Liner player sees third consecutive month of big volume increases, but rates remain stubbornly weak. All Leisure fixes Discovery UK cruise ship operator secures three cruise charter for its largest liner for the summer of 2011. Rizhao set to raise cash Northern Chinese port looks to private placement to fund new coke terminal project in Shijiu. Cruiseship passengers barred Piraeus port workers prevent Spanish tourists from boarding Zenith in dispute over labour reforms.

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APRIL 27, 2010
COSCO, China Shipping lose $2 billion in '09 Japan's Big 3 lose $1.9 billion Bailed out lines grew capacity share DOT launches $600 million infrastructure program CPSC, CBP tighten import safety collaboration U.S. government, Agility draw closer to deal CBP evaluates Central America border security

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APRIL 27, 2010
Nordic Ferry Services to change name Nordic Ferry Services has decided to change name to F'RGEN as from October 2010. The change of name comes after some turbulence in the company after the problems at Samsø

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APRIL 27, 2010
ISO's H2S limit is a vital step in the right direction The revision of the ISO 8217 fuel specification is not without its critics, but in at least one sense the work is to be encouraged. Shippers see big savings through green initiative Partners estimate cutting 1.5 billion gallons of diesel fuel and 14.7 million metric tonnes of carbon dioxide. Prices fall in Rotterdam, Hamburg Mixed movements in South Europe. Fujairah prices show little movement NYMEX showing losses of more than $1 in early trading. Vopak reports 28% Q1 profit improvement Tank terminal operator sees signs of 'structural recovery' in Europe along with 'already encouraging market circumstances in Asia'. Office move for CMF CEPSA Marine Fuels has been moved to a new CEPSA building. Lukoil wants to supply in a range of Turkish ports Turkish subsidiary expects to be able to supply low sulphur IFO. Shore power system adapted to freight ships Company behind cruise ship shore solutions says it has transformed technology to fit freight liners. Singapore prices dip, demand increases Prices move in opposite directions for major ports across Asia. Emission trading offers bunker players 'commercial opportunities' Traders and suppliers are 'best placed' to help customers initiate carbon trading. Asia expects 27% less fuel oil imports in May Volumes down from April's six-month high of 3.7-3.8 million tonnes. Current oil prices 'not slowing' economic recovery OPEC will increase production if oil prices surge above $100 per barrel, Kuwait says. COSCO chief concerned about bunker prices 'Green-shipping will become a trend of our industry,' says Capt. Wei.