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Shipping News

Missing link in S America-India trade a pain
The Inter-American Development Bank (IADB) has highlighted the lack of direct shipping services between Latin America and India, noting that punitive import taxes were stifling the potential for closer ties at a pivotal time for the global economy.
Iran fuel imports dive with sanctions: source
Only three cargoes of gasoline have reached Iran so far in July, according to a shipping document seen by Reuters - much less than the seasonal norm, as new sanctions divert ships carrying fuel.
Kazakhstan to boost Caspian tanker fleet
Kazakhstan aims to handle half of the Caspian Sea's commodity cargoes by 2013 after expanding its fleet of oil tankers with the help of private investors, the country's transport minister said on Monday.
Russia has to expand ports: minister

Strait Talk

No technology, but full steam ahead
CRITICS of the International Maritime Organization (IMO) often say it moves too slowly. They tend to be from outside the industry and particularly from the environmental lobby.

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Shipping News

Missing link in S America-India trade a pain
The Inter-American Development Bank (IADB) has highlighted the lack of direct shipping services between Latin America and India, noting that punitive import taxes were stifling the potential for closer ties at a pivotal time for the global economy.
Iran fuel imports dive with sanctions: source
Only three cargoes of gasoline have reached Iran so far in July, according to a shipping document seen by Reuters - much less than the seasonal norm, as new sanctions divert ships carrying fuel.
Kazakhstan to boost Caspian tanker fleet
Kazakhstan aims to handle half of the Caspian Sea's commodity cargoes by 2013 after expanding its fleet of oil tankers with the help of private investors, the country's transport minister said on Monday.
Russia has to expand ports: minister

Strait Talk

No technology, but full steam ahead
CRITICS of the International Maritime Organization (IMO) often say it moves too slowly. They tend to be from outside the industry and particularly from the environmental lobby.

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New tonnage and players depress rates from Asia: Alphaliner Greek and Chinese year's biggest buyers of containerships Cold ironing: APL ships to plug into Oakland shore power Wuhan Port Group half-year box volume sets record Jiangsu shipyards exports grew 52.6pc in first half Malaysia urged to ease container congestion in Penang Geodis first half revenue up 37.1pc to US$4.04 billion Dakota senator demands feds ease box shortage for farm exports US freight to double, huge infrastructure investment urged Dubai trade up 16pc to US$62 billion in first 5 months Panalpina appoints Thomas Niederer new chief of road and rail Mandala Airlines joins Asia Airfreight Terminal (AAT) China Southern flies cargo to Amsterdam, Los Angeles DHS chief hails progress in meeting cargo screening mandates Forward Air posts US$8 million in quarterly profits Ex-Asia air cargo 'unseasonably' strong: Kuehne + Nagel

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High-tech tarpaulin developed to facilitate loading ops during driving rain EU to enforce advance cargo declaration rules from Jan. 2011 Commodity shipping rates rebounding Tata-NYK JV charters 10th vessel KoPT's move to recruit pilots for Haldia meets stiff opposition No shifting Mumbai Port, Kulkarni to Vasan JNCH hastens drawback pace A yen for DRFC's phase-II Railways to roll out tracks for private sector India's steel output up by 7.1 pc in H1 of 2010-11 New CPI to come into force from Jan. 2011 Cold chain owners plead for Potato Board RBI hikes rates to muzzle inflation Fieo sees merit in 45-day reviews Spices add zing to Q1 export basket

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JULY 26, 2010
Ital Logistics celebrates tenth anniversary Ital Logistics was founded in August 2000 and has now celebrated its tenth year of operations. In collaboration with carefully-selected partners the company specialises in groupage... Panalpina meets WHO GDP standards Panalpina, a global transport and logistics service provider, has established a comprehensive programme to meet all the norms and standards set by the pharmaceutical and medical in... Russia's Fesco sells NCC stake The Russian transport and logistics corporation Fesco has sold its 50% stake in the National Container Company (NCC) for USD 900 million, on account of differences of opinion with ... Geodis Logistics expanding in Hanover Geodis Logistics has opened a new 20,000 sqm facility near an airport and with excellent motorway access in Hanover (Germany), where it has been storing, picking and packing more t... APL moves closer to cleaner air measure The world's fourth-largest container carrier has completed the retrofitting of five vessels for cold-ironing. The clean-air technique will be introduced next winter at APL's marine... DB Schenker investing in wharfs and cranes in Poland DB Schenker Rail Polska is continuing to invest in the expansion of its facilities in the Baltic Sea ports of Szczecin and Swinoujscie. In cooperation with the port authority the f... TT-Line joins German short sea promotion centre The L'beck-based private German shipping enterprise TT-Line will become a new member of the Bonn-based German Short Sea Shipping Inland Waterway Promotion Center (SPC) on 1 August.... Panalpina appoints Thomas Niederer as road and rail head Panalpina has appointed Thomas Niederer as the global head of its road and rail activities, to further strengthen its products, with a special focus on Europe and the Middle East. ... Jean-Yves Schapiro leaving CMA CGM Jean-Yves Schapiro, who has been the Marseille-based French container shipping line CMA CGM's CFO for the past six years, is leaving the corporation at the end of August. Schapiro'...

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JULY 27, 2010
Bisso Marine appoints director of Quality and Compliance GAO reports on Navy shipyard investment incentives Rand Logistics to repower Lakes steamship BP dumps Tony Hayward

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JULY 27, 2010
Port of Grays Harbor nets funds for rail system improvements Port of Bremerton continues clean audit run Genco Shipping & Trading adds handysize vessel to fleet Port of Tacoma project earns AAPA environmental nod ATA truck tonnage index falls during month of June

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JULY 27, 2010
Alma clinches $387m loan deal Alma Maritime rebounds after failed bid to list in New York Ridgebury meets Heidmar in bid to keep $225m issue alive The game's not over yet for shipping IPOs Alma IPO woes put damper on other hopefuls ICS calls for review of Indian Ocean anti-piracy operations Need for co-ordinated intelligence on piracy situation in the area Somali pirates use swarming tactics Seaspan set for newbuilding spree if price is right Boxship owner prepared to place orders worth up to $3bn but only if price and design... Why lines are prepared to order new ships and... Elbe Emissionshaus fund files for insolvency German shipping fund owns multipurpose vessel Lehmann Forester Tui ups rivercruise capacity

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JULY 27, 2010
Feared bill heads to Senate US Senate Leader Harry Reid today introduced the Clean Energy Jobs and Oil Accountability Act, which incorporates proposals vehemently opposed by shipping Sea Star settles antitrust suit FLORIDA box carrier Sea Star has confirmed that it has settled its long-running civil antitrust class-action suit in Puerto Rico Some SNRH tugs return SNRH, the Le Havre towage subsidiary of KOTUG International, told Fairplay today that it has resumed operations a week after a government suspension began China tells Hillary hands off BEIJING has sent a testy hands-off response after a US indication that Washington might step into China's South China Sea boundary dispute with its neighbours, IHS Global Insight reported today US offshore liability bill rushed US LAWMAKERS are pushing legislation to raise liability limits for offshore facilities, which could also affect ship operators Two killed at Sitakunda yards THREE labourers are in a hospital today with serious injuries after an explosion at a Bangladeshi breaking yard killed a co-worker

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JULY 27, 2010
LaHood Fends Off Lawmakers On Fuel Taxes Senate Bill Would Modify Container Scanning EU OKs United-Continental Merger, Sees Limited Cargo Impact Fire-Damaged Charlotte Maersk to Return in August Port of Seattle Imports Up 93.3 Percent DOT Sends Trucker Hours of Service to White House KCS Net Jumps Fivefold to $37.4 Million CMA CGM Takes Delivery of Fifth Megaship Beluga Shipping Partner to Invest Up to $260 Million Diana Containerships Charters Out Two Vessels YRC Ordered to Give Worker List to EEOC Consumer Confidence Index Slips in July Lufthansa Cargo Freighter Crash Lands in Riyadh DP World Box Traffic Jumps 16 Percent LA-LB Port Workers Focus on Local Issues Diesel Price Jumps 2 Cents

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JULY 27, 2010
Fesco sells out of NCC DP World takes cautious view of the future Japan's exports slow Da Chan scoops more business with Japanese trio's new service CMA CGM receives new behemoth

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JULY 27, 2010
NewLead springs stock split Greek owner makes waves as Michael Zolotas-led outfit reveals reverse stock play in the wake of $148m bulker buy. Cecon secret sparks speculation Cash injection fuels market chatter as sources finger Jens Ulltveit-Moe as mystery man behind owner's $40m lifeline. Barge bash triggers GoM gusher Oil floods US Gulf as tug and barge smash into oil well situated just six feet below the surface. Cecon lands $40m lifeline Mysterious investor joins battle to buoy cash-strapped Norwegian shipowner. GMS targets OSV tonnage Middle Eastern banking giant backs $50m finance pact as offshore owner mulls OSV hunt. Green Reefers joins Hamburg pool Norway's Green Reefers throwing its 27-strong fleet into newly created Laskaridis and Seatrade outfit. Crew abandons sinking ship River cruiser crew scrambles for safety as engine room floods following early morning smash-up. Shreyas claws back into black Indian containership owner keeps a rein on costs to sneak back into profit in first quarter. Fleet sales hit Precious profit Thai bulker owner posts huge drop in second quarter as fleet shrinks and rates bite. Subsea 7 suffers in Q2 Profits at Kristian Siem offshore construction company fall to nearly half of what they were a year ago. DP World sees volumes rise Mohammed Sharaf-led terminal giant expects larger first-half profit as Asia and Australia lift throughput. Sinotrans mulling JV sell-off Conflict of interest in tanker trades could force Hong Kong-based owner to divest joint venture holding. FIS tops SGX FFA league John Banaszkiewicz-led derivatives' broker comes out as top Singapore FFA and iron ore inter-dealer broker. Hedland ore exports slow Iron ore shipments from the world's largest bulk exporting port remain largely unchanged from May. Hyundai Mipo profit on the up South Korean yard turns in an improved set of second quarter figures. Northern names new boss John Fredriksen-backed offshore drilling company appoints industry veteran to chief executive post.

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JULY 27, 2010
New container line enters transpacific MarAd: Suisan Bay cleanup 'ahead of schedule' Agility starts Australian coastal service Lufthansa Cargo plane crash in Riyadh AMI launches Click2Ship True for rail, true for road Mexico rail embargo dropped Kansas City Southern profit up sharply AAFA lays out export plan to Commerce iGPS expands operations NRS joins CargoNet Gaines named CFO of Jaguar Freight DP World volumes rise

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JULY 27, 2010
Bunker quality disputes 'as prevalent as ever' Many problems the same as 20 years ago, though sampling and sulphur limits have taken on new importance says P&I club. Prices lack direction across the board NYMEX showing losses of more than $1.50 in early trading. Chinese marine pollution laws need to be 'clarified' Shipowners and operators face extensive new legal and regulatory requirements. Fujairah prices mixed NYMEX showing losses in early trading. Surcharges fail to cover increase in bunker costs Horizon Lines reports 'modest' Q2 growth. Europe sees heavy outflow of fuel oil cargoes Traders concerned that European markets could tighten. IFO prices generally softer Delay for two fuel oil deliveries at Hong Kong. ArcLight refinances Houston Fuel Oil Terminal Says it is 'excited to move forward on our future growth plans' at the terminal. New fuel agent in Ecuador Global Vision Bunkers says it can offer 'aggressive spot prices'. Wärtsilä propulsion system cuts bunker consumption 'Significant' savings in six-month full scale trial with Spliethoff Group.