BRIEFS

web site

Shipping News

Deeper canals help boost Brazil's sea port capacity
Brazil's sea port capacity will rise significantly in 2011 as dredging work advances, a senior port official said, relieving a major bottleneck hampering trade with the booming Latin American economy.
Debt-laden Vinashin cleared to take state loans at no interest
Vietnam's nearly bankrupt shipbuilder Vietnam Shipbuilding Industry Group (Vinashin) yesterday said that it would be allowed to take out interest- free loans, in another concession after it reportedly defaulted on a debt to international lenders.

Strait Talk

A year of mixed fortunes
SO ANOTHER year slips astern, not the worst but not the best. 2010 was in many ways a lot better for the shipping industry than its predecessor. The box trades bounced back more strongly than many would have expected. Cautious optimism has been the typical sentiment through much of the year but uncertainties have been more worrisome in the second half.

Shipping Times

US deregulation leader Alfred E Kahn dies
Alfred E Kahn, who presided over the historic deregulation of the US airline industry during president Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died on Monday. He was 93.
Railway linking Incheon airport to central Seoul finally opens
South Korea yesterday officially opened a railway linking its main international airport at Incheon to central Seoul, almost 10 years after the airport itself began operations.

web site

Shipping News

Deeper canals help boost Brazil's sea port capacity
Brazil's sea port capacity will rise significantly in 2011 as dredging work advances, a senior port official said, relieving a major bottleneck hampering trade with the booming Latin American economy.
Debt-laden Vinashin cleared to take state loans at no interest
Vietnam's nearly bankrupt shipbuilder Vietnam Shipbuilding Industry Group (Vinashin) yesterday said that it would be allowed to take out interest- free loans, in another concession after it reportedly defaulted on a debt to international lenders.

Strait Talk

A year of mixed fortunes
SO ANOTHER year slips astern, not the worst but not the best. 2010 was in many ways a lot better for the shipping industry than its predecessor. The box trades bounced back more strongly than many would have expected. Cautious optimism has been the typical sentiment through much of the year but uncertainties have been more worrisome in the second half.

Shipping Times

US deregulation leader Alfred E Kahn dies
Alfred E Kahn, who presided over the historic deregulation of the US airline industry during president Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died on Monday. He was 93.
Railway linking Incheon airport to central Seoul finally opens
South Korea yesterday officially opened a railway linking its main international airport at Incheon to central Seoul, almost 10 years after the airport itself began operations.

web site

Shipping News

Deeper canals help boost Brazil's sea port capacity
Brazil's sea port capacity will rise significantly in 2011 as dredging work advances, a senior port official said, relieving a major bottleneck hampering trade with the booming Latin American economy.
Debt-laden Vinashin cleared to take state loans at no interest
Vietnam's nearly bankrupt shipbuilder Vietnam Shipbuilding Industry Group (Vinashin) yesterday said that it would be allowed to take out interest- free loans, in another concession after it reportedly defaulted on a debt to international lenders.

Strait Talk

A year of mixed fortunes
SO ANOTHER year slips astern, not the worst but not the best. 2010 was in many ways a lot better for the shipping industry than its predecessor. The box trades bounced back more strongly than many would have expected. Cautious optimism has been the typical sentiment through much of the year but uncertainties have been more worrisome in the second half.

Shipping Times

US deregulation leader Alfred E Kahn dies
Alfred E Kahn, who presided over the historic deregulation of the US airline industry during president Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died on Monday. He was 93.
Railway linking Incheon airport to central Seoul finally opens
South Korea yesterday officially opened a railway linking its main international airport at Incheon to central Seoul, almost 10 years after the airport itself began operations.

	web site

EU customs rules prompt Maersk, CMA CGM, Unifeeder surcharges Diana Containerships to list on Nasdaq Global Market USEC tops all, as transpac carriers post 63pc revenue leap in Q3 2010: Year of the mega ship as new deliveries break records Shanghai Containerised Freight Index hits low point of the year NOL secures financing for 78pc of 12 mega boxship orders China Merchants seeks port building projects offshore New Jersey truckers tell port where to stick their stickers UK's Allport merges with HK's Cargo Services Far East Limited Toll buys Oz poultry transport, sells Shenzhen real estate firm North America, Europe transport recover from heavy snow SIA, China Eastern buy into Shanghai air cargo Restructuring brings FedEx quarterly profit down 18pc to US$283 million Brunei air cargo security men jailed six and 16 months for pilferage NZ fines Geologistics US$1.87 million for air freight price-fixing

	web site

Branson turns eco warrior, targets ships China Exim Bank raises ship financing to 33 pc Far Shipping withdraws decision to impose draught surcharg Indian ship detained at Chittagong port Schenker founder inducted into Logistik Hall of Fame SCI calls bids for ferry service to Lanka MoU inked with Malaysia on road construction Probe into dumping of aniline from EU begins DP World bags procurement excellence accreditation Import cargo volumes at US ports show 17 pc rise, improving economy MbPT bags Rajbhasha Shield again New Thailand service strengthens connectivity from Vizag Port Assocham sees 10-15 million additional jobs in 2011-12 Gold imports up by 42 pc in Nov. Govt allows refixing of export obligation Govt clears export of 5 lakh tonnes sugar under OGL Manufacturing sector posts robust growth in April-Dec.: CII survey Natural rubber imports at concessional duty rates allowed Talks on to widen India-Mercosur PTA list

	web site
DECEMBER 28, 2010
TBS grace period extended EMBATTLED bulker and tweendecker owner TBS International has secured yet another forebearance extension from its bank group, until 31 January 2011 Marida Marguerite ordeal ends SOMALI pirates have finally released the German products tanker Marida Marguerite, whose crewmembers had been captive for nearly eight months Blizzard buries NY-NJ terminals CONTAINER terminals of the Port of New York & New Jersey are digging out from an intense blizzard, which closed some operations for at least two days Investors wary of DryShips tanker plan THE game-changing decision by DryShips to enter the tanker arena has spooked investors, who have initially punished the NASDAQ-listed stock StealthGas scores newbuild funding LPG specialist StealthGas has announced five new charters, financing success for its newbuild programme and the departure of its chief financial officer

	web site
DECEMBER 28, 2010
Diesel Price Leaps 4.6 Cents to New High Comment Deadline Nears For EPA Water Discharge Rule Q&A: Top Trans-Atlantic Shipping Stories of 2010 Snow Halts Freight Operations in Northeast Indian Ports Ordered to Improve Hazmat Security Germany's Duisburg Port Traffic Grows 25 Percent

	web site
DECEMBER 28, 2010
Texas-sized kickback scheme rocks Houston Feds charge former Lyondell chartering boss split $55m with Marc Rich-tied traders on Venezuelan crude cargoes. StealthGas CFO quits Andrew Simmons not renewing contract as finance chief of Harry Vafias-led LPG ship owner. Bajpaee named top boss at BSM Bernhard Schulte Shipmanagement ushers in 2011 with new chief as Andreas Droussiotis relinquishes CEO crown. Eitzen avoids pirate hit Norwegian owner's Sigloo Star survives attention of pirates near IRTC as navy helicopter swoops. Lloyd Fonds in $30m splash Torsten Teichert-led finance house invests in two boxships as it targets vessels previously on its books. BW Gas bags holiday cheer Norwegian shipping cartel seals one-year fixture for 1993-built LPG carrier, brokers say. Ems River falls to pirates Citadel no defence for crew of German ship off Somalia as pirates finally take control. Seatrade scraps ageing reefer Dutch owner nets $3.3m after selling Spring Tiger to be cut up in India. Boyden has DRYS funding fears Cantor Fitzgerald analyst questions how George Economou's listed firm will find the cash for its tanker foray. Marida Marguerite free at last German tanker and 22 crew make it to safe waters after pirates finish counting $5.5m ransom. Seafarer dies after fire off UK Crew member dies in hospital after being lifted from a Turkish ship off the UK suffering from smoke inhalation. Pirate hunters bite bullet South African police sting unveils cache of arms destined for Somalia in fight against piracy. Vinashin gets a helping hand Vietnam coughs up cash to help ailing state-owned shipbuilder pay its wage bill. TBS International wins more time Nasdaq-listed shipowner will only repay interest on troublesome loans while it works to reset repayment schedule. NCL ship in Cape Fear drama Coastguards rush to aid of ill passenger onboard cruiseship Norwegian Star off Cape Fear River. CSAV extends RMT ship Chilean shipowner exercises twelve month charter option on boxship at almost three times the rate. LA volumes head lower Figures still up on 2009, but container throughput down for third consecutive month from August high.

	web site
DECEMBER 28, 2010
Congress extends MSP to 2025 Diana spins off containership affiliate TBS buys time to restructure finances FMCSA proposes on-duty truck driver limits Rail volume chugs along Medical firm switches gears to trucking Allport merges with CS Logistics

	web site
DECEMBER 28, 2010
Odense newbuilding moves to Korsør Odense Steel Shipyard has been forced to move its surplus newbuilding to a lay-up berth at Korsør on the isle of Sjælland. The newbuilding ' hull no. 222 ' has been Cleantec will leave the repair yard in mid January The repair of the Chinese-owned bulk carrier Cleantec at Fayard is following the schedule. The vessel has been high and dry since December 21 and will be redelivered to

	web site
DECEMBER 28, 2010
Rotterdam 'swimming in product' Mostly quiet markets edge lower on Tuesday. Durban market 'extremely tight' No clear price trend in Middle East and African markets Tuesday. Oil spill response centres for Gujarat One centre will be set up in Gulf of Kutch and the other in the Gulf of Khambhat. Calls for 'early ruling' in sulphur challenge PMSA wants judgment on Californian sulphur rules 'sooner rather than later'. Bunker costs operators' 'biggest concern' Liner association wants to impose a 50% increase in surcharges. Japan pulls back from emissions trading 'Overseas circumstances have changed,' says government official. Bunker prices mixed amid slack demand Singapore prices down in line with cargo values, traders say. ST Marine confirms Australian navy ship conversion project Set to convert a navy support ship to a double hulled vessel as per IMO standards. Shipowner to operate four LNG-powered ferries LNG ferries able to to carry 390 passengers and 120 cars at 12-17 knots. Sri Lanka supplier orders MGO cargo 2,000 mt of MGO scheduled to arrive this week, says source.