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Shipping News

Shipping costs for iron ore, coal up 4.3%
The cost of hiring ships to carry iron ore and coal climbed for a third day in London, extending a sixth weekly advance, as demand for the vessels strengthened and the fleet's growth slowed.
No action against China Cosco, says Baltic Exchange
The Baltic Exchange, the world's biggest shipping bourse, is taking no action against China Cosco Holdings Co after the shipowner resumed charter payments for vessels it hired.
Baltic index rises to its highest since December
The Baltic Exchange's main sea-freight index, which tracks rates to ship dry commodities, rose to its highest in nearly nine months on Monday helped by expectation of further iron ore and coal exports to Asia.
ICTSI keen to make offer for 2 main Greek ports

Strait Talk

Focus on quality - not quantity
IT'S no secret that Singapore's position as the No 1 global bunkering hub is going to come under pressure, particularly with the prospect of China soon being able to offer large quantities of marine fuel at competitive prices.

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Shipping News

Shipping costs for iron ore, coal up 4.3%
The cost of hiring ships to carry iron ore and coal climbed for a third day in London, extending a sixth weekly advance, as demand for the vessels strengthened and the fleet's growth slowed.
No action against China Cosco, says Baltic Exchange
The Baltic Exchange, the world's biggest shipping bourse, is taking no action against China Cosco Holdings Co after the shipowner resumed charter payments for vessels it hired.
Baltic index rises to its highest since December
The Baltic Exchange's main sea-freight index, which tracks rates to ship dry commodities, rose to its highest in nearly nine months on Monday helped by expectation of further iron ore and coal exports to Asia.
ICTSI keen to make offer for 2 main Greek ports

Strait Talk

Focus on quality - not quantity
IT'S no secret that Singapore's position as the No 1 global bunkering hub is going to come under pressure, particularly with the prospect of China soon being able to offer large quantities of marine fuel at competitive prices.

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Kenya to open five new quick clearance customs posts to facilitate trade Menace of aviation safety hits hard in the easy-going Canadian Arctic St Petersburg's Petrolesport 2nd terminal PLP lifts 500,000 TEU to date Kingston box terminal building to result in 5.2 million TEU capacity in 18 months DHL post growth in Papua New Guinea in mining, infrastructure, oil Despite US shortfalls, high security costs have not impeded aviation growth Ningbo's Meishan terminal throughput surpasses 400,000 TEU in one year Fuzhou port first half foreign trade cargo up 15.5pc to 247,000 TEU Shanxi first half road cargo volume up 6.7pc to 317 million tonnes

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London Club says owners must not accept exemptions from IMSBC code for DRI cargoes Pipavav Defence & Offshore forms JV with Mazagon Dock to build warships Shipping Secy, Singapore officials confer on maritime issues UK-based NVOCC joins iNTTRA network to provide increased efficiencies JNPT's next Board meet to decide on awarding 4th box terminal Port Pipavav handles post-Panamax coal vessel Barcoded drugs can ensure safety, boost exports: Khullar Cut repo rates, rely on income policy to tame inflation: Fieo FinMin likely to cut new duty drawback rate by 3 pc Govt gives nod for unrestricted cotton exports Govt may exempt coking coal, variants from import duty New Competition Policy will be the second biggest reform initiative: Veerappa Moily sinks to 14-month low on Eurozone gloom Slowdown-hit garment exporters implore govt for incentives

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SEPTEMBER 13, 2011
Streck and Feldschlösschen to transport more beer by rail The transport company Streck and the beer brewer Feldschlösschen intend to increasingly use their rail links in Switzerland for joint beer transportation. For this reason, 21 rail ... Volvo Truck deliveries increase Total deliveries from the Volvo Group's truck operations in July 2011 increased to 16,898 vehicles, 18% up on the same period last year. Deliveries in Europe rose by 40%. The trend... Transalpine freight grows stronger on rail than road Transalpine freight in Switzerland increased in the first half of 2011 both on the road and on rail. Transport by rail increased more strongly and expanded its market share compare... Port of Barcelona with strong performance Container throughput in the port of Barcelona in the first half of 2011 surpassed 1 million teu, an 18% increase on the same period in 2010 and helping to consolidate the recovery ... More than 1 million teu handled at Tanger Med in H1/2011 Exactly 1,246,321 teu were handled at Tanger Med, which is located on the Strait of Gibraltar and is just 32 km from the European mainland (Algeciras), in the first half of this ye... Poland widens road transport inspections The Polish road transport inspection will have the right to check anyone involved with transport by road in future, including freight forwarders, shippers, recipients and loading s... Royal Jordanian set to resume flights to Libya this week OneWorld member Royal Jordanian (RJ) expects to resume flights to Tripoli and Benghazi (Libya) by the end of this week, once the necessary approval has been obtained from the relev... Cargo Aircraft Management to convert B767 into a freighter The Wilmington OH-headquartered Air Transport Services Group Inc (ATSG) announced that its subsidiary Cargo Aircraft Management Inc (CAM) has committed to purchasing a Boeing B767-... New Pakistan airport to be operational by 2014 The Civil Aviation Authority of Pakistan will complete the new Islamabad international airport by 2014. The project, which is estimated to cost USD 400 million, will include a carg... Luka Koper volumes and turnover increase in first half In the first half of 2011, Luka Koper handled 8.3 million t of cargo (+8% on first half of 2010). Vehicles, containerised and liquid cargos recorded the largest growth rates. Opera... Kuehne + Nagel opens expanded logistics site in Duisburg The grand opening of an expanded logistics campus at Logport in Duisburg was held recently, with numerous customers, business partners and the Kuehne + Nagel International executiv... DB Schenker opens new heavy-duty logistics hall Schenker Deutschland AG and Vestas, a world market leader for wind power plants, jointly opened a heavy-duty logistics hall of some 5,000 sqm in Mutzschen, east of Leipzig (Germany... Hellmann UK wins My London Girl contract Following the recent addition of ten new account managers, Hellmann UK has announced a major new contract with brand new doll and clothing retailer, My London Girl. My London Girl ... Kuehne + Nagel International extends top executive contracts Kuehne + Nagel International has prolonged the contracts of CEO Reinhard Lange, to the end of 2013, CFO Gerard van Kesteren, to mid-2014, and Dirk Reich, executive vice-president c...

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SEPTEMBER 13, 2011
Salazar unveils proposed new offshore SEMS rule Bollinger Shipyards, Inc. achieves safety milestones Anti-piracy specialist GreySide Group opens London office Oscar Lopez joins T&T Bisso NCSA exercises options for two RoCons for U.S. East Coast service BOEMRE Director fills leadership slots at new offshore agencies Keppel Nantong to build 5,000 t floating crane Frontline sheds last three single-hull tankers

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SEPTEMBER 13, 2011
Port of Newport seeking candidates for commission post Puget Sound Partnership taps new leadership council members TITAN Salvage names Dolson management team operations boss Study finds shipping firms substantially cutting pollution Hamburg Sud creates system to track ship environmental info

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SEPTEMBER 13, 2011
Now for the good news China's rise in imports shows sustained growth in domestic demand. That can only be a plus for shipping Federal-funded naval orders rescue India's shipbuilders Commercial contracts dry up in the face of low freight rates and excess tonnage Prospect of IRISL rogue ships stirring Southeast Asian waters Concern mounts over possibility that Iranian boxline is trading without adequate P&I cover A disaster would split Asian governments Hypothetical event could become reality the longer rogue ships operate without any insurance cover Insurance spotlight on piracy and political instability IUMI to focus on piracy, while HMIS to study broader threat of war, revolution and pollution Short-term floating storage volumes fall to lowest level since late 2008 International Energy Agency reports 48.3m barrels of crude and products kept on tankers at sea Oil demand growth hit by slowing global economy Opec revises 2011 estimates that could see even less employment opportunities for the overtonnaged tanker fleet Exploring the Arctic's new frontier The northern sea route holds great promise, despite the problems presented by such a harsh environment Credit Agricole and RBS ask bankruptcy judge to throw out Seaarland Chapter 11 cases Borrower confident that US court protection will be upheld Hamburg brokers just trying to boost values of ships owned by KG funds New valuation standard is redundant as shipping already has the best sale and purchase system in world In defence of armed defence Do vessels under flags that condone armed personnel on board attract less attention from pirates? European aframax market stays flat as expected flurry fails to materialise North Sea is "surpressed" and Mediterranean continues to suffer from overcapacity Russian society beefs up Greek presence for surveying marathon Authorities urge RS to tidy up the mess in classification farce Get flexible, get moving China is leading the way on how to deal with the financial crisis Opec optimistic Libyan oil production to reach 1m barrels a day in six months Coincides with similar expectations from country's national oil company Japan LNG imports climb 11% above 12-month average Less nuclear capacity kept Japanese LNG imports high in August NordLB forces sale of KG fund vessel Feedership set for auction after NordLB rejects Castor Kapital restructuring plans van der Jagt moves to Clecat Surprise move for shippers' spokeswoman Offshore move insulates Sovcomflot Diversified business model protects revenues Maersk's bold gamble will be tested in the market Will shippers pay more for a premium service in a low-rate environment? National duty The IMO can do only so much to prevent maritime disasters Container freight rate indices 'reliable' Alphaliner finds correlations between TSA, SSE and CCFI, despite different approaches Containerships to carry 74% of perishable reefer cargo by 2014 Specialised fleet will continue to shrink but boxship operators also face problems on pricing ITF highlights concerns over downturn Trade growth still slowing Sovcomflot profits fall 36.1% in first half Chief Sergey Frank hails performance in a stagnant market Further rises anticipated for Black Sea-Mediterranean suezmax earnings Charterers paying premium for available vessels to load crude cargoes next week Ship Finance International sells last three non-double hull VLCCs News of the sale comes just weeks after Frontline chief executive Jens Martin Jensen called for owners of 15-year-old double-hull vessels to scrap ships and alleviate oversupply Emissions 'plummet' with slow steaming and low-sulphur fuels NOAA research says anti-pollution measures work Yuli Ofer dies Younger brother dies three months after Sammy Hanjin's Kim calls for boxlines to ditch 'self-destructive' rates rivalry Head of South Korea's largest shipping company says a return to unity is vital

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SEPTEMBER 13, 2011
Box lines still gobbling up perishable pie AS BOX carriers devour market share in the perishables trade, the conventional reefer fleet is continuing to shrink, a study noted today Philippines training weighed THE EC HAS told Fairplay it is still weighing the issue of whether the Philippines should remain certified under the STCW Convention & Code Chapter 11 jurisdiction fought ROYAL Bank of Scotland has asked a New York judge to pull the plug on Marco Polo Seatrade's Chapter 11 shield so that its fleet can be liquidated Maersk, CSAV juggle container ships BROKERS told Fairplay today that Maersk has chartered seven 8,000teu ships that were relets from Chilean carrier CSAV SFI terminates Frontline VLCC charters SHIP FINANCE International said today it would sell three single-hull VLCCs and terminate the related-party charters those tankers have with Frontline 'Bleak' outlook shadows shipping shares SHARES of Singapore-listed Chinese shipyards closed lower today after analysts advised caution Hamburg Süd to capture ship emission data GERMAN box line Hamburg Süd said today it will start capturing all environmentally relevant data from ship operations from early next year in the first implementation of a Germanischer Lloyd innovation China's trade figures rebound CHINA'S foreign trade rebounded strongly in August, although its trade surplus shrank to a three-month low, according to IHS Global Insight OECD sees US-EU recovery lag SEABORNE trade handled by the EU and US is stabilising below pre-crisis levels after continual volume declines over recent months, the OECD reported today Maersk Drilling wins Petronas contract MAERSK Drilling has signed a one-year contract to provide Malaysia's Petronas Carigali with the 375ft, high-pressure/high-temperature (HPHT) jack-up rig Maersk Convincer for offshore work LPG demand heats up in Japan JAPAN'S demand for LPG grew year on year by 11.3% in July, reversing months of declines sparked by its March quake crisis, the IEA said today Australia targets record wheat cargoes AUSTRALIA today targeted record wheat export cargoes for the coming grain season Capesize volumes hit two-year high CAPESIZE chartering has hit a two-year high on surging demand for spot Chinese iron ore and global coal demand Bill would tighten Jones Act waivers LANGUAGE has been added to a US budget package that would make it much more difficult to secure Jones Act waivers for crude cargoes

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SEPTEMBER 13, 2011
ATA 'Skeptical' About Obama's Jobs Bill President Obama's jobs bill could hinder rather than help efforts to pass a multi-year transportation bill, American Trucking Associations President... CMA CGM Reshuffles East Coast-Caribbean Loop CMA CGM is reorganizing its CAGEMA service between the U.S. and the Caribbean by adding two East Coast port calls... House OKs Transportation Spending Extension The House on Tuesday unanimously approved extending highway and aviation spending, boosting hopes Congress will avert the political brinksmanship that... Swift Contracts More Trucks to Wal-Mart Swift Transportation said it won a dedicated carriage contract from Wal-Mart Stores that will generate between $60 million and $80... UP Expects Late, 'Compressed' Peak Season Union Pacific Railway said international intermodal volume has been recently weak, but customers expect to compress the peak season for... JOC Economist on Declining Home Goods Sales, Housing Market (Video) JOC Economist Mario O. Moreno discusses his revised forecast for containerized imports for the remainder of 2011 and into 2012,... Nordana Restarts US-Libya Ro-Ro Service Nordana is reactivating its direct roll-on, roll-off service between the U.S. Gulf and East Coast and Libya after suspending the... MOL Hikes Far East-India Rates Japanese ocean carrier MOL will seek a new round of rate increases on cargo moving from the Far East to... Report Sees Container Ships Dominating Perishables Market Container ships will transport three quarters of perishable reefer cargo by 2014 as they take further market share from specialized... OECD Freight Report Points to Slow Growth Global freight volumes declined during the first half of the year, indicating a slowing economy, according to the Paris-based Organization... Russia's Global Ports Doubles Profit on Box Surge Global Ports doubled its first half profit to $82.4 million, as Russia's largest container terminal operator boosted domestic box traffic... Emirates Adds Sydney, Hong Kong Freighter Emirates SkyCargo began a weekly Far East-Australasia service using a new 777 freighter, as Emirates Airline's cargo division bolsters its... Maersk Looks to Expand Guaranteed Service Maersk Line will expand the daily guaranteed service announced yesterday for 12 Asia-Europe corridors to other trades if the concept...

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SEPTEMBER 13, 2011
'Daily Maersk' sets ambitious targets SeaIntel takes on schedule reliability monitoring Maersk to 'guarantee' transit time from Asia to N Europe Italy's China option fails to settle markets GT Nexus boosts European presence

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SEPTEMBER 13, 2011
Laurin pens new alliance Swedish tanker specialist beefs up MR arsenal through partnership with Anglo-Atlantic and Marflet. RBS tests legal tactic Creditor 'held hostage' by Marco Polo Seatrade's use of US bankruptcy shield, lawyer argues. Ofer escapes firestorm US drops Israeli dynasty from Iranian sanctions list while targeting two more entities in Raffles Park probe. Fairstar in semi-sub deal Heavy lift operator signs agreement on semi-submersibles worth just under $20m. Volgo-Balt bashed Elderly Russian cargoship damaged in collision with passenger vessel at Travemunde in Germany. Wilson lands IFC injection World Bank unit ploughs $80m into Brazilian shipowner's terminal expansion project. Robbers strike again Singaporean tug terrorised by raiders off Tanjung Rambut, two days after tanker was targeted. SCF profit drops Tough trading conditions in the market take shine off tanker giant's first half results. Risky business Gap between steel prices and new VLCC values means Chinese tanker swoop would be "extremely risky" for yards, broker says. Reefer niche safe Drewry report says specialised refrigerated trade will continue despite shrinking fleet numbers. Fredriksen exits singles John Fredriksen's SFI sells final three single-hulled VLs with Frontline charters shredded.

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SEPTEMBER 13, 2011
CBP -- Post 9/11 CBP chief says funding support remains strong National concern about the size of the federal debt is putting pressure on the federal budget and agencies across the government, but U.S. Customs and Border Protection is likely to escape funding cuts b... September Feature 70 is magic number Congress paves way to extend FAA, highway program Congress is poised to pass bills providing short-term extensions for aviation and surface transportation programs without which funding for non-essential services would expire. Congressional leaders reached a deal on both measures late Friday. Acc... Senate critical of Jones Act waivers The U.S. Senate Appropriations Committee has criticized the Department of Homeland Security for its handling of Jones Act waivers in a report accompanying the DHS Appropriations Act (H.R. 2017). The Jones Act requires goods moving between U.S. port... Study: Cleaner fuel, lower speeds cut pollution California's clean fuel regulations and voluntary slowdowns by shipping companies have substantially reduced air pollution caused by commercial cargo ships near the state's shore, according to a study published online Monday inEnvironmental Scie... Container gain ground in reefer trade A new report by Drewry Maritime Research projects that by 2014, about 74 percent of reefer cargo will move on containerships instead of purpose-built breakbulk reefer vessels. Drewry's latestReefer Shipping Market Annual Review and Forecast 2011/1... Hamburg Süd develops emission system Container carrier Hamburg Süd and the classification society Germanischer Lloyd said they are jointly developing a data management system for systematically capturing information about shipboard emissions. Data recorders installed on ships collect ... Shipping executive Ofer dies at 87 Yehuda "Yuli" Ofer, 87, who with brother Sammy co-founded one of the world's largest shipping companies, dies late Sunday night at his home in Herzliya, Israel. Sammy, 89, died in June. The Ofer Brothers Group is a wide-ranging conglomerate that am... Old Dominion opens Wisconsin facility Old Dominion Freight Line said Monday it has opened a new service center in Madison, Wis. The center is designed to complement Old Dominion's four existing service centers in Wisconsin, where the trucking industry hauls roughly 90 percent of the ...

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SEPTEMBER 13, 2011
Washington State Ferries looks to LNG to cut costs As the fuel budget increases by $51.7 million in 12 years ago, ferry company looks to cleaner fuel options. Fujairah prices rise Deliveries were available for supply up to and including September 27 in Cape Town. Rotterdam market softens Congestion expected in Piraeus tomorrow. BP completes sale of African fuel marketing businesses to Puma Energy Trafigura subsidiary takes over fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania. Brightoil makes 'significant' move in fuel oil market Spot purchase means 'they have finally sorted out the red tape,' says observer. Workboat conference to look at LNG fuel alternative Dubai event to 'examine the challenges faced by the workboat community in using LNG'. Cold-ironing 'not worth the expense' 'The environmental and economic math do not work,' says port authority spokesman. AWT launches accurate vessel monitoring service New product from route optimisation service enhances ability to predict a specific vessel's ETA. Asian bunker prices trending up Public holidays in Hong Kong and Busan on Tuesday. Singapore bunker sales volumes up in August A total of 3.82 million mt of bunker fuels sold in August, according to MPA data. More owners willing to 'fight it out' with suppliers over disputes High bunker cost coupled with low income makes shipowners less willing to compromise, says CEO of Masterbulk. Singapore 'strongly supports' IMO measures on green shipping MPA has received a 'positive response' on its Green Initiative. Indian bunker industry to tap into growth in trade Port expansions and infrastructure developments will benefit bunker players, says director of Valencia Exim.