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Worldwide Container Shipping news - Archive 2008, June
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News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News". |
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30 Jun 2008
Barry Rogliano Salles Weekly Dry Bulk Market No 591
Though this year’s iron ore contract
negotiations are still ongoing, there are
now clear signs that China’s importers are
willing to pay a sizeable freight premium
for their ore pro ... »
30 Jun 2008
Richards Bay Coal Rises to Record on Europe Utility Speculation
Coal shipped from South Africa's Richards Bay, site of the world's largest export terminal for the fuel, rose to a record on speculation European utilities are building stocks for use in t ... »
30 Jun 2008
Commodities Signal Bubble Bursting as First-Half Ends
Commodities are heading for their best first half in 35 years. The next six months may not be as rewarding because record prices for oil, copper and a dozen other raw materials may crimp consump ... »
30 Jun 2008
Iron ore talks to drag on after 'deadline'
Talks between BHP Billiton and Chinese steel mills on 2008 iron ore prices will continue past an informal industry deadline on Monday, sources familiar ... »
30 Jun 2008
Lilley & Gillie wins major contract to supply Navmaster ECDIS systems to 20 tankers
OSG Ship Management (UK) Ltd has decided to fit ECDIS systems on board 20 of its tankers following shipboard trials and a competitive bidding process. The turnkey contract to supply and install these system ... »
30 Jun 2008
Tanker operator introduces slower steaming
A leading tanker operator is slowing sailing speeds to cut bunker costs. Martin Lorenz, tanker division chartering manager for Torm, said long range tankers had been slowed from 16.5 knots to 14 ... »
30 Jun 2008
SAIL plans shipping venture with SCI
With ocean freight soaring due to high fuel prices, Steel Authority of India (SAIL) plans to run its own fleet of vessels in partnership with public sector as well as private players to ... »
30 Jun 2008
Chartering demand four times India’s fleet size
India's demand for chartering ships is nearly four times its fleet size of 860 ships. This is the first impression that anyone looking at the long list of 3942 requ ... »
30 Jun 2008
Five New Taiwanese Bulk Carrier Transferred to Germanischer Lloyd
The Taiwanese Shipping Company Wisdom Marine Lines S.A. has awarded Germanischer Lloyd with the classification of five new bulk carriers. The vessels are currently build at a Japanese shipyard and will be surveyed by t ... »
30 Jun 2008
Chemoil triples Gulf of Mexico operational capacity with arrival of second vessel
SGX Mainboard-listed Chemoil, one of the world’s leading physical suppliers of marine fuel products, has chartered a second tanker to meet growing demand for its ... »
30 Jun 2008
EC Shipping boss calls for a ‘proactive’ shipping industry
The maritime industry needs to be proactive, not reactive, to issues facing it and should see new challenges as opportunities and not as threats, according to Dimitrios Theologitis, head of unit, Maritime Transpo ... »
30 Jun 2008
Mideast shipping rates to increase due to shortage
The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may climb for a 16th day because of a shortage of ships. There are 22 double-hulled very large crude c ... »
30 Jun 2008
IMO Council completes 100th session
The IMO Council completed its landmark 100th session on Friday, 20 June, following a week which also saw a series of celebrations to mark the 60th anniversary of the adoption of the IMO Conventi ... »
30 Jun 2008
Slump may ease global ocean freight
International ocean freight rates, now largely powered by fuel costs, are likely to move down as the growth in the Indian and Chinese economies eases, according to an official of one of the world’s la ... »
30 Jun 2008
Credit crunch fails to dampen enthusiasm
A survey by Moore Stephens shows that overall confidence in the shipping market for the next twelve months remains unaffected by the global credit crunch. But two-thirds of shipping int ... »
30 Jun 2008
SSY ATLANTIC CAPESIZE INDEX 23/06/2008 30/06/2008
The Atlantic Index gained almost 9% over the last week
to stand at 34,650. Transatlantic round voyage earnings
for 172k dwt vessels gained $22,500/day to stand at
$177,500/day, while fronthaul time charter earnings increased
by $13,000/day to $21 ... »
30 Jun 2008
SSY PACIFIC CAPESIZE INDEX 23/06/2008 30/06/2008
A fall of over 500 points puts the Pacific Index at its lowest
level since the beginning of May as major charterers
in the Pacific remained absent from the market. Transpacific
round voyage time charter earnings for 172k dwt
vessels sta ... »
30 Jun 2008
ArcelorMittal increases shareholding in Macarthur Coal to 19.9%
ArcelorMittal today announces that it has increased its stake in Macarthur Coal Limited (ASX: MCC) from 14.9% to 19.9%, following the acquisition of a further 5 % stake (10,607,830 shares) from Talbot Group Holdings. The shares were purc ... »
30 Jun 2008
Australia's Newcastle Coal Price Rises to Record $172.10 a Ton
Power-station coal prices at Australia's Newcastle port, a benchmark for Asia, jumped to a record for a fifth week as demand for the fuel surged in countries including India and China. Coal prices at the New South Wa ... »
30 Jun 2008
ADC invites qualified private sector developers to build and operate the New Port of Aqaba
The Aqaba Development Corporation (ADC) announced Saturday 28th of June a request for Expressions of Interest for qualified private sector developers to design, build, finance, operate and transfer the New Port of Aqaba in the Southern Industri ... »
30 Jun 2008
Q-Ship delivers Halul-27 vessel
Doha Qatar Shipping Co (Q-Ship) announced that it has delivered the vessel Halul-27 which was constructed by Qatar Engineering and construction Co (Qcon), a fully owned company of Q-Ship. In a press statement issued yesterday Q-Ship sai ... »
30 Jun 2008
S. Korean metal workers' union threatens walkout
South Korea's metal workers will wage a two-hour strike on Wednesday to protest the resumption of U.S. beef imports as well as management's refusal to accept ... »
30 Jun 2008
Tokyo Steel increases scrap purchase prices at four works
TEX reported that Japan's top electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by JPY 1,000 to JPY 2,000 per tonne at i ... »
30 Jun 2008
India: 40% of iron ore desposit lies in reserve forest, sanctuaries
Stringent forest acts and acute scarcity of coking coal seemed to be the major hurdles towards the growth of the steel industry in the country which is aim ... »
30 Jun 2008
Indian port workers threaten strike from July 16
Five federations of port and dock workers have decided to serve a notice on Tuesday for a nationwide strike at all major ports on July 16, as the Government has not given formal approval to pending em ... »
30 Jun 2008
Kenya: Cargo documentation goes electronic
Documentation of cargo at the Mombasa port will go electronic from tomorrow, setting the stage for seamless flow of consignment. The new waterfront system replaces the manual processes in use si ... »
30 Jun 2008
Mittal plans to acquire coal mines in Australia and Russia
After his successful acquisitions of steel mills and emerging as the CEO of ArcelorMittal, world's largest steel producer, Indian-born steel tycoon Lakshmi Mittal is m ... »
30 Jun 2008
Chinese steel product import from different countries
It is reported that China steel product import during January to May reach 6,996,470 tonnes in which Japan topping at 2,561,167 tonnes. China steel product import from different countries is as under Country M ... »
30 Jun 2008
Sparkling skills drive
APM Terminals has launched a pilot scheme to develop the skills of planners. The new "planning grooming" programme is called Sparkles. "The one-year programme gives candidat ... »
30 Jun 2008
Bord Pleanála rejects Cork port plan
The decision by An Bord Pleanála to refuse planning permission to the Port of Cork for a new €160 million container terminal was greeted with disappointment by the port while local environmental ca ... »
30 Jun 2008
BD for direct shipping link to boost trade
Bangladesh Deputy High Commissioner Saquib Ali has said sizeable garment orders from the EU and US are moving from China to Bangladesh and therefore in the near future a robust growth of textile expo ... »
29 Jun 2008
Iran threatens to cut off Gulf oil exports if nuclear facilities are attacked
The head of Iran's powerful Revolutionary Guards has threatened to hurt Western economies by cutting off Gulf oil supplies if his country's nuclear facilities are attacked. ... »
29 Jun 2008
Commodity Review: Weak trend likely in spices
Domestic inflation rates rising to 11.42 percent, soaring global crude oil prices, political uncertainty had its effect on the markets. N ... »
29 Jun 2008
Input costs may push Indian steel prices up in Aug
Indian steel companies are likely to raise prices in August because of high iron ore and coke prices, but may not be able fully pass on their costs due to competition and government eff ... »
29 Jun 2008
Corus boss Philippe Varin blasts Rio Tinto takeover as iron ore soars
THE STEELMAKER Corus has stepped up its campaign against BHP Billiton’s attempt to take over mining rival Rio Tinto by complaining to the European Union about the deal. Philippe Varin, who still ... »
29 Jun 2008
India’s steel output growth slows, falls below Asian average
India has recorded the lowest growth rate in steel production among the five Asian countries for the first five months of 2008. Indian steel production grew by 4.1 per cent during January-May against an ... »
29 Jun 2008
Coal is still king in the world power game despite its blackened name
BETWEEN 2005 and 2007, thermal coal prices averaged a little more than $US50 a tonne. Now the price is more like $US170 a tonne, despite all the talk that coal's days ... »
29 Jun 2008
Iron ore price negotiations – CVRD to maintain key spot
It is reported that despite recent iron ore price hike negotiated by Rio Tinto, iron ore mining giant Vale would continue its leader position in global iron ore trade. Mr Roger Agnelli ... »
29 Jun 2008
Indian mining ministry favors export of iron ore
Indian Parliamentary Consultative Committee attached to the ministry of mines met recently to discuss all aspects of iron ore in India. The meeting was chaired by Mr Sis Ram Ola union minister of mines. The ... »
29 Jun 2008
Fla. Ports Racing to Handle Giant Cargo Ships
On a once-sleepy strip of Dames Point overlooking the St. Johns River in northeast Jacksonville, crews are busy with the biggest contract in Jacksonville Port Authority history &m ... »
29 Jun 2008
India: Inadequate investment in ports may slow cargo growth
Ports in the country require more investment in infrastructure to record a 20 per cent growth in cargo handling in next few years, an executive of a leading international ... »
29 Jun 2008
U.S. dockworkers need a deal
While the media breathlessly follow the talks between the studios and the Screen Actors Guild, negotiators in a much less glamorous industry are quietly trying to avert a strike that could ... »
29 Jun 2008
CMA CGM to operate higher capacity vessels to India from 2009
CMA CGM, the world’s number three and France’s number one container line, proposes to increase the capacity of its EPIC (Europe Pakistan India Consortium) service from 2009 when the 4,200-teu ve ... »
29 Jun 2008
US urged to act now, or risk losing emissions vote
The US Senate is being urged to act now, or risk being excluded from future amendments to shipping emissions legislation. A report by the Cruise Lines International Association (CLIA) said that without ... »
29 Jun 2008
Abandon Ship?
The often-volatile Baltic Dry Index has at least one thing going for it: The shipping companies that constitute the index offer hefty dividend yields ... »
29 Jun 2008
Fair Weather for Overseas Shipping Companies
The U.S. economy might be slumping, but the global transport of oil, liquefied natural gas, coal, iron ore, steel, grains and other high-value cargoes continues to surge. In the first quarter of 20 ... »
28 Jun 2008
India's IOC in term deal for 1.5 mln T Angolan crude
State-run Indian Oil Corp (IOC) has signed a term contract with Angolan state oil company Sonangol to buy 1.5 million tonnes of crude oil from August to March ... »
28 Jun 2008
Chinaoil Buys 200,000 Tons of RON 93 Gasoline for June
China National United Oil Corp., the nation's second-biggest fuel trading company, bought about 200,000 metric tons of gasoline for delivery this month, said a trader with knowledge of the company's purc ... »
28 Jun 2008
India: Another intervention to hold steel prices ruled out
Even as the steel sector has been a major contributor to the galloping inflation based on the wholesale price index (WPI), Steel Minister Ram Vilas Paswan ruled out the likelihood of ye ... »
28 Jun 2008
Steel makers feel liquidity pinch, may defer new projects
Steel firms, struggling with squeezing profit margins and higher input costs, face yet another challenge as the central bank tightens the noose on monetary policy, making borrowing dearer. ... »
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