BRIEFS

web site

Shipping News

Cruise terminal operators ride on growth in Asia
Asian cruise terminal operators foresee unabated growth in passenger throughput in the coming years even in the face of a global economic slump.
Asia cruise terminal operators join hands
A new Asia-wide alliance will be the tide that lifts all Asian cruise terminal operators.

Strait Talk

Shipping industry milked to fill Green Climate Fund
REALITY check: shipping will have to pay for the Green Climate Fund

Shipping Times

China's bullet trains back on track after recall
Fifty-four bullet trains recalled after a deadly high-speed rail accident in China are to resume operation on the new Beijing- Shanghai line after problems were fixed, state media said on Monday.
JR West doubles bullet trains on profitable route
West Japan Railway Co (JR West) has spent 30 billion yen (S$503 million) to double the number of bullet trains on its most profitable route to compete with airlines serving the island of Kyushu.

web site

Shipping News

Cruise terminal operators ride on growth in Asia
Asian cruise terminal operators foresee unabated growth in passenger throughput in the coming years even in the face of a global economic slump.
Asia cruise terminal operators join hands
A new Asia-wide alliance will be the tide that lifts all Asian cruise terminal operators.

Strait Talk

Shipping industry milked to fill Green Climate Fund
REALITY check: shipping will have to pay for the Green Climate Fund

Shipping Times

China's bullet trains back on track after recall
Fifty-four bullet trains recalled after a deadly high-speed rail accident in China are to resume operation on the new Beijing- Shanghai line after problems were fixed, state media said on Monday.
JR West doubles bullet trains on profitable route
West Japan Railway Co (JR West) has spent 30 billion yen (S$503 million) to double the number of bullet trains on its most profitable route to compete with airlines serving the island of Kyushu.

web site

Shipping News

Cruise terminal operators ride on growth in Asia
Asian cruise terminal operators foresee unabated growth in passenger throughput in the coming years even in the face of a global economic slump.
Asia cruise terminal operators join hands
A new Asia-wide alliance will be the tide that lifts all Asian cruise terminal operators.

Strait Talk

Shipping industry milked to fill Green Climate Fund
REALITY check: shipping will have to pay for the Green Climate Fund

Shipping Times

China's bullet trains back on track after recall
Fifty-four bullet trains recalled after a deadly high-speed rail accident in China are to resume operation on the new Beijing- Shanghai line after problems were fixed, state media said on Monday.
JR West doubles bullet trains on profitable route
West Japan Railway Co (JR West) has spent 30 billion yen (S$503 million) to double the number of bullet trains on its most profitable route to compete with airlines serving the island of Kyushu.

	web site

Carriers make cuts on Asia-Mexico/South America west coast trade Number of lay-ups mount as idle ships make up 2.9pc of world box fleet Hamburg has no fear of Euro debt crisis, forecasts 14pc box growth Asia-Pacific nations sign new trade framework accords in Honolulu Beihai port volume exceeds last year's total, boxes up 12.6pc Zhejiang's Haining city to build logistics park with Hong Kong investment Tianjin Port united with Sinotrans to expand logistics capacity Chongqing government to build 925 kilometres of highway over 4 years Haikou box volume hits 610,000 TEU October 31, surpassing 2010 total DHL global connectivity index rates Hong Kong tops pound for pound APL to commence Singapore-Laem Chabang LCX shuttle from December 12 'K' Line increases its western India and Pakistan coverage OceanSaver wins Det Norske Veritas approval as ballast treatment system Shipping industry best-practice videos sought to join global promotion Cargotec's multi-use hooklift said to boost operating efficiency Cathay suffers 17.5pc October cargo fall, but passenger volume up 3.8pc China's air cargo sector in early growth stages: university study Air Cargo Germany offers Frankfurt-Seoul and HK-Paraguay flights

	web site
NOVEMBER 15, 2011
Quality Distribution increases income in Q3 Quality Distribution, which operates the largest bulk chemicals tanker truck network in North America, and is the largest provider of intermodal tank container and depot services t... ECS Group launches its GSA network in India The ECS Group, a global air cargo general sales and service agent, has opened two offices in India, in support of its global expansion strategy. Branches in Mumbai and Delhi are no... Cathay Pacific enters Spanish market Cathay Pacific Cargo is today entering a new market in Europe with the launch of a scheduled freighter service to Zaragoza (Spain). Flights depart Hong Kong every Tuesday and Frida... Republic of South Sudan joins Icao The Republic of South Sudan has become Icao's 191st member state, by adhering to the Convention on International Civil Aviation. South Sudan's membership in Icao will facilitate pl... Chinese Railways commits to sustainable development China's minister for railways, Sheng Guangzu, recently signed the UIC Declaration on Sustainable Development and Transport in Beijing. Chinese Railways thus became the 50th signato... Trucks clock up more miles on toll roads The miles driven by trucks with a permissible weight of 12 t and more amounted to 20.1 billion km on German toll roads in the first three quarters of 2011. Germany's Federal Office... Fixemer Group celebrates 60th anniversary Fixemer, the parent company of the Fixemer Group in Luxembourg and a specialised full-truck-load operator, recently celebrated its 60th anniversary. The company is one of the pione... Kombiverkehr boosts capacities to Spain Kombiverkehr aims to grow by 5% annually in Spain. To this end, German intermodal operator plans to increase its departures on the Mediterranean route via Portbou from ten to twelv... K Line adds direct Kwangyang/Kaohsiung-West India service K Line will introduce a new Kwangyang/Kaohsiung-West India Express (FIX) service on 30 November, as a slot operator from Kwangyang. By introducing this weekly service K Line will b... Bremerhaven car terminal booming BLG posted its best ever monthly result at the Bremerhaven car terminal in October, when 201,000 vehicles were handled. The main reason lay in the continued German car export boom.... Ignace Van Meenen new Rickmers Group CFO Dr Ignace Van Meenen has been CFO of the Rickmers Group since 1 October. He will drive the new orientation of the group to react faster and more flexibly to the requirements of the... Rhenus Logistics opens Barcelona centre The German service provider Rhenus Logistics recently opened a new 33,000 sqm facility in the logistics park of the free-trade zone in Barcelona (Spain). The facility has 33 loadin... Quehenberger expanding in Russia Quehenberger Logistics Russia, which belongs to the Austrian enterprise Quehenberger Logistics, is beefing up its fleet in Russia to meet increasing demand in the market. The compa... OWS Freight Systems enters Europe OWS Freight Systems (OWSFS), a leading logistics service provider in India, is expanding to Europe with the establishment of Genoa-based OWS Freight System Italia. OWSFS is a part ...

	web site
NOVEMBER 15, 2011
Coast Guard Reauthorization Bill passes House ABS President and CEO says class shouldn't be in ship design business IMO measures will bring big cuts in ship CO2 emissions Crowley to continue administering Alaska Ocean Ranger program InterManager President slams horrors of piracy Wärtsilä and Doosan Engine extend licensing agreement

	web site
NOVEMBER 15, 2011
Crowley nets ADEC funding to continue Ocean Ranger program Horizon Lines changing Board of Directors makeup Halterm Container Terminal switching to Tideworks TOS Expanded website online for Port of Seattle browsers Requests for TIGER grants far exceed funding limits

	web site
NOVEMBER 15, 2011
Shipowners hold back from investing in green technology Investing millions in a scrubber or ballast water management system adds zero value to a vessel's secondhand price Exclusive: Norden chief calls for more realistic emissions regulations Mortensen supports reducing environmental impact but is concerned shipowners will have to pay more than their fair share of the bill The cost of installing ballast water management systems Systems can cost up to $8m and will be required by 2016 Truth is stranger than fiction Adventures of an owner contains all the elements, good and bad, of maritime life Uphold the law, but protect the crew If someone pulls a gun on you, do you need a lawyer to tell you what to do? Counting the cost of low-sulphur fuel The added expense of curbing emissions is obvious; it is not so clear where the benefits lie Succession is never easy Noble Group's stock plunge after chief executive's departure shows how closely shareholders are watching Exclusive: Aframax owners desperate for pick-up in Libyan crude oil exports Earnings on cross-Mediterranean trades below operating costs, says Greece's Arcadia Poor claims service is threatening the London market Lack of agreement on protocol will push business away from Lloyd's Strike Club calls for 10% rise in P&I premiums Club sees a boost from fixed-premium war risk product Q&A: Convoy Escort Programme chief sets out his stall Angus Campbell explains the Insurance Navy Could insurance funded private navies leave ships to 'burn'? CEP needs financial backing from insurance industry, venture funds and oil companies Chinese leasing outfits' link to banks will have to change Business model involving lessors providing finance leases for shipping companies raises issue of competition with parent banks offering loans P&O flags out ferry duo to avoid 'equalising' wages of temps with staff RMT slams Pride of Hull and Pride of York switch to Bahamas as 'scandal' Cameron calls anti-piracy conference Britain invites international community to discuss Somalia crisis Further consolidation forecast in maritime law sector More mergers likely but not on a domestic level Falling newbuilding prices to be stabilised as yards cut excess capacity Maritime Strategies International predicts deliveries of new vessels to decline from 2013 Genco takes delivery of last handysize bulker from 2010's Metrostar deal Five ships bought in June last year for $166m are now valued at $135m as markets weaken Decks cleared for lenders' challenge to Omega Navigation Chapter 11 case Houston hearing on November 28 to consider HSH Nordbank-led creditors' effort to liquidate Greek tanker company Owners of 2011 and 2012 newbuild VLCCs will lose money for 24 months As tonnage ordered last year enters service and hits rates, cash will be crucial to survival Foreign exchange volatility drives down DVB Bank Profit dives after income from financial instruments is hit Spain's $1bn Prestige lawsuit against ABS approaches another milestone Appellate court verdict on 'biggest lawsuit in maritime history' expected in 90 days Frontline sells third suezmax in a month Osl0-listed tanker company records combined loss of $75m for three ships Bunker surcharge to combat climate change could hit trade, say shippers Global Shippers Forum chief says passing on the problem of carbon emissions to the shipper is not the right answer Canada-US pipeline delay to lift shipping Pressure from campaign groups against piping so-called dirty oil from Canada to the US may end up creating a chance for tankers to carry the oil to Asia Taxing times for the Greeks Shipowners in Greece might at least consider how they can help to rebuild their homeland Seago Line to impose St Petersburg surcharge as 'icy winter' looms Maersk feeder subsidiary to charge $125 per teu and $250 per feu for all imports to port Horizon Lines faces boardroom shake-up Newly expanded board to steer Jones Act liner company through debt restructuring

	web site
NOVEMBER 15, 2011
HK agents trumpet horn haul CUSTOMS agents in Hong Kong have reportedly seized a shipping container of rhino horns and ivory from South Africa NewLead scores again NASDAQ-listed NewLead today announced its third arbitration award against Nobu Su's TMT Bulk, as it continues to seek recovery of allegedly unpaid charter hire Tonga monopoly feared RESIDENTS of the small Pacific nation of Tonga have protested a government plan to close a cargo shipping service, IHS Global Insight reported today Greeks seize 103 migrants GREEK authorities are holding 103 migrants seeking to be smuggled to Italy Slump rocks Mercator LOW REVENUES and increased expenses have pushed quarterly profits down 87%, India's Mercator said today Rena box removal stalled CONTAINER removal from the grounded box ship Rena has been delayed by rough seas, MNZ said today Risks warned in yuan newbuilding finance USING YUANS to pay for China's newbuildings poses risks for shipowners and banks, a conference in Shanghai has heard Lankan guards aid sought COUNTRIES ready to deploy anti-piracy military guards have sought Sri Lanka's aid during transit, a key defence official has told a security forum SCI reports $29M losses in 3Q2011 INCREASING interest costs and falling bulk revenues have pushed SCI, India's largest shipping company, into the red SeaFrance freezes ferries DOVER-Calais ferry sailings were canceled today by SeaFrance, in what could be an attempt to avoid disruption tied to a key court ruling Norden raises full-year profits forecast DENMARK'S DS Norden has today upped its operating profits forecast on the back of good dry bulk contracts Asia/South America loops merge into two FIVE BOX lines in the Asia/Mexico/WC South America trade have consolidated their services for slack winter season Oltmann takes 'bargain' ships GERMAN KG house Oltmann said today it has secured bargain buys of three multipurpose and container newbuildings for its private investors French court rejects Russian's extradition A FRENCH appeal court has reportedly rejected a Russian request to extradite the self-exiled head of Russian shipping and port company Oslo Marine Group GPI box business gains 29% RUSSIAN port operator GPI has reported 29% growth in box throughput for 3Q2011, according to analysts

	web site
NOVEMBER 15, 2011
USPS Loses $5.1 Billion, Risks Defaulting The U.S. Postal Service lost $5.1 billion in fiscal 2011, raising the pressure the ailing agency will default on a... ILA Withdraws Labor Charge Against Yang Ming An International Longshoremen's Association local has withdrawn its unfair-labor-practice charge against Yang Ming (America) and said it will seek to... Home Depot Expands DC Mechanization Retailer Home Depot is stepping up mechanization of the rapid deployment centers it credits with supply chain improvements that helped... Former APL Exec Joins Consulting Firm Long-time APL executive Bob Sappio has joined Alvarez & Marshall, a professional services firm, where he is managing director of... Port of LA Exports Rise 28.1 Percent to Record High The Port of Los Angeles in October saw imports rise 5.5 percent from the same period a year ago and... Spot Market Truck Volume Up 39 Percent Spot market volume on TransCore's network of load board slipped 3.7 percent in October from September and rose 39 percent... TIGER Grant Demand Greatly Outpaces Supply The $14.1 billion in requested Department of Transportation TIGER grants exceeded supply by a factor of 27, the agency said... Lytle Named Head of Port of Long Beach The Long Beach Board of Harbor Commissioners Monday voted unanimously to name J. Christopher Lytle as executive director. Lytle,... NITL to Press for More Shipper Rail Access The National Industrial Transportation League will keep pressing for changes to railroad switching rules it calls anti-competitive, despite the Surface... CRST Readies Refrigerated Team Service Truckload carrier CRST is fielding teams of company drivers to haul long-haul temperature controlled freight from Southern California to the... US Retail, Wal-Mart Sales Rise as Holidays Near Retail sales rose 0.5 percent in October after a 1.1 percent gain in September, the Commerce Department said in a... Diesel Prices Rise to Six-Month High Diesel prices across the United States increased 1 cent in the week ending Nov. 14, rising to the highest point... Truckload Rates to Rise 10 Percent in 2012, FTR Says Shippers are likely to face steep increases in truckload rates in the next two years, followed by a recession in... Japanese Shipping Industry Clamors for Tax Revision Japanese shipping firms are ratcheting up pressure on the government to revise the nation's tonnage tax system, claiming the limited... Qatar Airways Orders Two 777-200 Freighters Qatar Airways ordered two 777-200 freighters from Boeing on Tuesday, as the Doha-based carrier aims to expand its long-range service... India's SCI Swings to $28 Million Loss State-owned Shipping Corporation of India swung to a $28.12 million loss in the fiscal second quarter ending Sept. 30, from... APL Volume Rises 5 Percent, Revenue Falls APL's container volume grew 5 percent in October from September, while average revenue per container fell for the second straight... Alphaliner Says Merger of Japanese Carriers Makes Sense Merging the container lines of Japan's top three shipping companies would be a sound strategic and economic move, according to...

	web site
NOVEMBER 15, 2011
HPH Trust fails to meet quarterly financial forecasts Hutchison Port Holdings Trust (HPH Trust) has missed its profit and revenue targets for the quarter ending September 30, 2011. The company highlighted ... Asia/WCSA rationalisation plan put in place Further signs of the weakening global container market, including in developing world trades, can be seen from the latest plan auctioned by carriers engaged on ... Gulftainer's Recife to use Jade solution Sharjah-based Gulftainer, an operator of international cargo terminals and provider of logistics services, has expanded its relationship with New Zealand-headquartered ... CMA CGM and Hapag-Lloyd respond to MSC transhipment CMA CGM and Hapag-Lloyd have responded to MSC's recent decision to tranship Northern Europe's traffic to/from Australia via the Mediterranean by increasing the ... ICG toughs it out Dublin-headquartered ferries, short sea and terminal company, Irish Continental Group (ICG) posted satisfactory interim results for the period to September 30 in ... India still suffering from the inflation bug Indian inflation crept up slightly in October to stand at 9.73% - driven by fuel inflation at 14.8% and food increases of 11%. The data surprised analysts who had ... APL's average rate tanks Neptune Orient Line's container arm, APL, witnessed a further plunge in its average rate during Period 10 [September 24 - October 21] with a decline in its FEU ... Hats off to the Kiwi salvors

	web site
NOVEMBER 15, 2011
BS sinks magic pipe report Bernhard Schulte torpedoes allegations linked to detention of Algoma bulker by US Coast Guard. BBC bets on Caribbean German heavylift giant's US service affiliate targets Trinidad and Venezuela with new run as oil & gas game heats up. Iberia initiates tanker titans Fledgling firm storms research arena with inaugural analyst notes on Frontline, Nordic American and OSG. BLT in the black Berlian Laju Tanker poised to cash in on new domestic tenders following third-quarter win. Conrad soars in the third Cancellations fail to derail US yard syndicate as beefed up backlog helps revenue climb 84%. Post-crunch lay-ups required One tenth of containership capacity needs to be pulled to drag rates back to money making levels, says Macquarie. Norway orders under threat Newbuilding deals reduced over fears state-owned Exportfinans won't be able to provide fresh funds. Still time for snaps View the first batch of entrants to TradeWinds' Maritime Photographer of the Year competition - and then send your own pics in. NewLead lands hat-trick Nasdaq-listed owner chalks up a third arbitration success over Nobu Su-led company. Gati mulls shipping sale Indian shipowner wants to cut loose from its underperforming shipping operation. Tankers fetch top price South Korea's First Shipping said to have received a tasty cheque following the disposal of two of its ships. Boustead earnings crash Malaysian shipbuilder manages to stay out of the red with help from the taxman. Citi cool on Transpacific hike Investors should not buy on hope rate push will buoy liner stocks in the short term. GE sells another tanker Second products carrier in a month heads out of the door at Indian owner. Carsten content to wait Norden chief Carsten Mortensen says company is in no rush to pile in for new tonnage as prices fall.

- Ocean news	web site
NOVEMBER 15, 2011
MSC extends onto full Oceania loop OceanSaver interim CEO MSC starts matchback system in Belgium Mediterranean Shipping Co.'s Belgian branch has set up a new system to encourage inland matchbacks of its containers allowing importers, exporters and truckers to round-trip into Antwerp. Lines suspend Asia-Americas round-world loop CKYH pull East Coast via Suez loop Five lines rationalize Asia/Mexico-WCSA capacity Waiting for confirmation from Hamburg Sud that these are the services are involved TSA seeks interim $400 per FEU min. Project forwarder course in Shanghai

	web site
NOVEMBER 15, 2011
Prices fall across the Middle East Avails tight in Durban. IFO prices soften in most European ports Prompt product remaining tight in Rotterdam. Environmental compliance costs could affect credit ratings Cost of low sulphur fuels and approved ballast water treatment 'could have negative implications for our ratings of shipping companies', says S&P. New management structure for Ocean Intelligence In support of global growth opportunities. Shippers object to footing $20 billion GHG bill 'Top priority' to avoid 'ineffective approach' to tackling maritime GHG emissions, says Global Shippers' Forum. Asian bunker prices generally falling Generally slack demand at key Asian ports on Tuesday. Ferry operator expects lower earnings on high bunker bill Bunkers to cost Irish Continental Group an estimated $71 million in 2011. Rising bunker costs dampen impact of rising VLCC spot rates Recovery in VLCC spot rates will have little impact on owners' bottom line due to the 'violent' increase in bunker costs. Chevron starts up hydrogen unit The refinery in Mississippi, which primarily produces diesel fuel, jet fuel, also produces bunker fuel. Dahlman Rose initiates coverage on Kirby Corp Believes that the US tank barge operator will continue to post record profits. High oil prices eat into Andatee Q3 profits The Nasdaq-listed supplier raises its full year profit forecast amid 'stable' global oil prices.