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Shipping News

Noble to buy Frontier Drilling for US$2.16b
Offshore oil and gas driller Noble Corp said it would buy Norway's privately held Frontier Drilling for US$2.16 billion, adding seven vessels to its fleet even as much of the Gulf of Mexico remains effectively closed to new operations.
Iraq port ill-equipped to deal with oil majors
Iraq's hopes of building economic prosperity on the back of multibillion-dollar deals to develop its vast oil reserves have met a major hurdle in a lack of dock space and an impenetrable bureaucracy at its top port.
Moving towards a greener shipping industry
THERE is no greener way of moving goods around the world than by ship. It is the most efficient and sustainable mode of transport, and there is no possible alternative in sight.

Strait Talk

Deep Horizon and risk
LAST week, this column looked at how shipping, and world trade, could suffer because of the political reaction to the Deep Horizon drilling platform disaster.

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Shipping News

Noble to buy Frontier Drilling for US$2.16b
Offshore oil and gas driller Noble Corp said it would buy Norway's privately held Frontier Drilling for US$2.16 billion, adding seven vessels to its fleet even as much of the Gulf of Mexico remains effectively closed to new operations.
Iraq port ill-equipped to deal with oil majors
Iraq's hopes of building economic prosperity on the back of multibillion-dollar deals to develop its vast oil reserves have met a major hurdle in a lack of dock space and an impenetrable bureaucracy at its top port.
Moving towards a greener shipping industry
THERE is no greener way of moving goods around the world than by ship. It is the most efficient and sustainable mode of transport, and there is no possible alternative in sight.

Strait Talk

Deep Horizon and risk
LAST week, this column looked at how shipping, and world trade, could suffer because of the political reaction to the Deep Horizon drilling platform disaster.

	web site

MSC brings on 14,000-TEUers in its Asia-Europe Lion Service TCC cash flow to cover costs, positive results next May Tianjin volume hits record in May, containers up 11pc Shippers bemoan raising surcharges to cover box shortages Cosco quits MSC's transatlantic service Split container delivery prompts new Atlanta freight hub NY&NJ move to resolve air draft problem of Bayonne Bridge Cordele Inland Port vows to cut Savannah truck traffic with rail service Changi posts 14.9pc air cargo increase in May Boeing, FAA to team up for cleaner aircraft technologies Brussels Airlines Cargo flies to more destinations in W Africa

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National carriers must get level playing field-Hajara Tyranny of Form 13 4 more groups join anti-piracy drive seeking concrete action Eco warriors pick holes in IMO's ship recycling convention Now, EU finds pesticide residue in Basmati MoS allows CoPT to lease land for 60 years Dhamra port's date with destiny just a month away KoPT keen to be third partner in SAIL-SCI transloading venture TAMP approves upfront tariff for proposed mega CT at Chennai Port Gujarat scripts policy for shipbuilding Dearer HSD may cost Railways less than Rs 470 cr. this fiscal Core sector growth remains robust Green clearance for 2 small SEZ projects in Delhi Move to revise DTAA with 65 nations Glut, inflation forces govt to sell wheat to all Sun may set on EOU tax incentives this fiscal-end ICC calls on G8 & G20 to take urgent steps to keep markets open Developing nations now emerging giants-OECD

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JUNE 28, 2010
TNT Express with four-fold certification in Germany TNT Express, which belongs to the Dutch mail service corporation TNT, says that it is the first company in the world to obtain integrated certification from Lloyd's Register Q... Kuehne + Nagel provides global logistics services for gas treatment facility in the Sahara SNC-Lavalin, one of the world's leading engineering and construction groups, has awarded Kuehne + Nagel a contract for global logistics services related to its EUR 785 million proj... WWPC has new exclusive members WWPC (Worldwide Project Consortium), a group of over-dimensional cargo specialists, has announced a new exclusive member for Australia - Sadleirs International - whi... Iata: no progress at EU transport ministers' meeting The International Air Transport Association (Iata) expressed frustration about the lack of progress on key aviation issues during yesterday's meeting of EU transport ministers. ...

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JUNE 29, 2010
EPA, not Jones Act, blocking use of foreign skimmers Dutch submarine to intercept Somali pirate communications Incat Crowther designs mega FSV

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JUNE 29, 2010
Washington governor supports expanding state's export opportunities Port of Tacoma honored for environmental efforts Carriers teaming up for new Asia/Europe service Longview Port Board Oks leases for steel facility Crowley training Kuwaitis in use of Z-Drive tugs

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JUNE 29, 2010
Government seeks better relationship with UK ports Local government minister Bob Neill promises enquiry into backdated rates bills UK freezes backdated ports rates UK waives '175m backdated ports bill Villiers pledges tonnage tax stability under Conservatives Newbuilding glut set to put brakes on box sector rebound DVB Bank predicts pace of recovery will moderate as peak season ends after October... OECD outlook raises cautious optimism for... Panamax rates collapse further Indices at lowest point in nearly nine months as brokers forecast gloom for next... Owners' earnings hit by glut of ships and... Larger panamax boxships to hit supply-demand balance in two years Sector seen as more resilient than smaller counterparts as demand forecast to rise in... Greek owners start to regroup

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JUNE 29, 2010
Storm threatens spill cleanup TROPICAL Storm Alex could delay BP oil spill cleanup efforts in the Gulf of Mexico and has already shut-in some US domestic oil capacity Somali piracy area extended THE IMB today significantly extended its high-risk area for Somali pirate attacks further into the Indian Ocean and north to Suez China, Taiwan sign trade deal CHINA and Taiwan signed a trade agreement today that is expected to boost cross-strait shipping, IHS Global Insight reported UK ports face pension pinch UK PORT authorities might have to make up a £300M ($452M) deficit in marine pilots' pension liabilities after a High Court ruling in London BDI ends lower for 23rd day THE BALTIC Dry Index fell for the 23rd consecutive day today, closing 1.4% down at 2,447 points, according to figures published by the Baltic Exchange in London Fleet sell-off hits FESCO rating FESCO was downgraded today in a report issued by Troika Dialog, a Moscow investment bank, after the sell-off of its fleet drew bad marks Language plan reportedly dropped EUROPEAN Union pilots believe they may have won a battle to prevent English being imposed as the language of communication in European ports

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JUNE 29, 2010
Truck Safety Groups Seek 8-Hour Driver Rule New CSAV All-Water Loop Calls Port Everglades Consumer Confidence Index Falls Teamsters to Brief YRC Workers on Pensions NAFTA Trade Jumped 32 Percent in April Active Box Ship Capacity Jumps 15.3 Percent Global Air Cargo Tops Pre-Recession Levels Manufacturers' Group Calls for National Competitiveness Strategy More LTL Truckers Looking to Freight Brokers LA-LB Office Clerks Seek Labor Contract White House Seeks Free Trade with Korea

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JUNE 29, 2010
SA congestion recovery surcharges to be withdrawn ICC unhappy with G20 summit MSC suspends imbalance surcharge Evergreen confirms details of new service Red rules as markets get the jitters

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JUNE 29, 2010
Storm skirmishes brewing Bayou barge bash sets stage for legal liability in hurricane smash ups while Alex inches towards the Gulf Coast. Bulkers bring power to sheiks If you suffer from the bulker blues hop on the Turkish trend that is sweeping the Middle East. Golar LNG Energy grabs thirds John Fredriksen's Golar LNG spin-off back at the table to gobble its own shares. Silversea eyes Euro listing Monaco-based luxury cruise line could opt for IPO to boost six-ship fleet. Fairstar feast sparks replay Sizzling summer for investors with heavy-lift appetite as owner tosses another three million shares on the fire. Globus purchase revealed George Karageorgiou-led owner identifies South Korean ship Jin Star as latest kamsarmax buy. China eyes seized tanker 'rescue' Foreign ministry's pledge on hijacked Golden Blessing likely to draw fiery response from pirates. Ports face pension headache UK high court rules that terminal authorities may yet have to finance '285m shortfall in pilots' retirement fund. Ulstein seals design deal Norwergian yard group working with SeaEnergy on new offshore wind turbine ships. Cape seaman burned off Oz Filipino onboard Samsun bulker leaps overboard to douse flames after welding accident. Temas Line targets 10% more Indonesian boxship player aiming for bigger revenue in 2010 despite preparing to bin older vessels. Bank bets on Shanghai SPV China's Bank of Communications sets up first ship leasing vehicle in Shanghai's free trade zone. Havila eyes new bond loan Norwegian offshore vessel owner could bag up to $77m in bid to refinance one of two existing bond loans. Finaval secures tanker financing Italian owner nets $88m in two loans to finance aframax newbuilding pair at Samsung Heavy. BDI at nine month low Dry rates continue downward spiral on oversupply worries, less congestion and China slowdown. McCain wants to junk Jones Arizona senator introduces legislation aimed at ending protected US cabotage in bid to lower shipping costs. BLT lines up big ship spend Indonesian owner allocates $110m to add 12 ships in the next two years. Evasive action grounds cargoship Uno gets stuck off Denmark after master tried to avoid yacht race. Piraeus hit by new strike Ferry disruption expected as two port unions stage 24-hour walk out in protest at pension reforms. Crowley barge refloated in Alaska Lightering operation gets Napamute back on track after it grounded on 22 June. Irving workers poised for strike Staff at East Isle Shipyard in Canada could walk out over 3% pay offer from bosses. Port slices spending plan US Port of Long Beach gives green light to 2011 fiscal budget, which is 19% down on a year ago.

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JUNE 29, 2010
Carrier first half capacity climbs 15% NOL may issue $1.5 billion in notes Cabotage task force opposes McCain bill 10 states tapped for highway-rail grade plans Kansas City Southern names Starling CEO Obama commits to U.S.-Korea trade deal Long Beach approves $545 million in spending Savannah container volumes up 25.3%

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JUNE 29, 2010
Active container capacity increases During the first six months of 2010, the active container carrier fleet capacity has risen 15.3 per cent, compared to the previous period last year, according to Alphaliner figures Statoil contracts Stena rig for new mission Statoil has signed a three-year contract with Stena Drilling for the hire of the Stena Don drilling rig; the unit will operate on the Norwegian continental shelf. The contract

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JUNE 29, 2010
Bunkers International supplying ISO 8217:2010 fuel in Colombia New products will assist charterers to 'meet their contractual obligations'. Weakening prices in Rotterdam, Hamburg MDO demand diminishing in Hamburg. Big falls in Middle East bunker prices NYMEX showing further losses in early trading. Call for environmental disaster fund levy on oil companies Russia ready to 'set an example' with special bill to protect marine environment. Chamber of Shipping to 'keep momentum' on cap and trade Plans to produce a simple guide to ensure discussion continues and action follows. IFO prices fall more than $5 at major ports Demand muted despite softer prices at Asia's key ports. Bureau Veritas in deal to buy Inspectorate Acquisition will make Bureau Veritas 'a world leader in testing and inspection'. Managing Director leaves Bomin Bunker Oil (HK) M.D. of Bomin Singapore to take over responsibilities of Hong Kong office. Academic research underway to improve propeller designs 'Two knot increase in cruise speed of high speed craft' obtainable, says research student. ExxonMobil readies supplies of ISO 8217:2010 bunker fuels in Singapore Most suppliers still hesitant about offering fuels conforming with the revised specification.