Worldwide Container Shipping news - Archive 2008, July

News was prepared under the information
support of Online Daily Newspaper
on Hellenic and international
Shipping "Hellenic Shipping News".

Coal supply crunch fuels safety concerns

The coal supply crunch has mounted pressure on mine safety in Shanxi province, China's leading coal production region, as local coal miners are forced to overproduce. The province is currently facing a coal sh ... »

31 Jul 2008

BRIEFING - ASIA MINING - JULY 31, 2008

An executive briefing on mining for July 31, 2008, prepared by Asia Pulse, the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. HERALD RESOURCES SHARES SLUMP ... »

31 Jul 2008

Evraz Secures JV with MCC for development of the Cape Lambert Iron Ore Project

Evraz Group S.A. (“Evraz”) yesterday announced the signing of a Co-operation Agreement with China Metallurgical Group Corporation (“MCC”) for the joint devel ... »

31 Jul 2008

Robe River JV Infrastructure Expansion in Western Australia

Nippon Steel Corporation (Representative Director and President: Shoji MUNEOKA, “Nippon Steel”), and its 100% subsidiary Nippon Steel Australia Pty Ltd (“NSA”) announc ... »

31 Jul 2008

Russia seaports boost cargo handling 2.2% to 222.7 mln tonnes in H1

Russian seaports boosted cargo handling 2.2% year-on-year (or 4.8 million tonnes) to 222.7 million tonnes in the first half of 2008, the Association of Commercial Seaports said according to Interfax. Dry ca ... »

31 Jul 2008

South Carolina Port Authority gets free access to dredge dispoal site

The Daily Journal newspaper says the US Department of the Interior has agreed to give the South Carolina Ports Authority free access to a dredge disposal site ... »

31 Jul 2008

Productivity soars as DCT Gdansk throughput increases

The new Polish container terminal operator DCT Gdansk is seeing a steady rise in throughput, now averaging around 10,000TEU per month, and as it becomes busier, so its workforce is gaining valu ... »

31 Jul 2008

NCSP shares are accepted for trading in MICEX’s quotation list “B”

Novorossiysk Commercial Sea Port is announcing that on the basis of the issuer’s application and in accordance with the MICEX’s Listing Rules the ... »

31 Jul 2008

Chamber of Shipping media release

The Chamber welcomes the Joint Committee’s report on the draft Marine Bill The Chamber of Shipping yesterday ... »

31 Jul 2008

“Gulfs area” and Southern South African waters Special Areas take effect on 1 August 2008

Special Areas in which the discharge of wastes from ships is prohibited will take effect in the “Gulfs area” and off southern South Africa on 1 August 2008, providing extra protectio ... »

31 Jul 2008

MSC to add 52,000 TEU this year

MSC is making strides in adding capacity this year acquiring some 10 ships of 4,000-6,000 TEU to add 52,000 TEU to its fleet that stands at 1.3 million TEU against world-leading Maersk's 2.03 milli ... »

31 Jul 2008

Anglo American announces record half year underlying earnings of $3.5 billion

Record Group operating profit(1) of $6.2 billion, with operating profit from core operations(2) up 30% to $6.0 billion Highest ever total Group underlying earnings(3) ... »

31 Jul 2008

Iran Reduces Oil-Tanker Fleet Idling in Persian Gulf by Half

Iran, OPEC's second-largest oil producer, cut by half its fleet of oil tankers idling in the Persian Gulf, adding ships to the market as rental rates plunge. That means five Iranian supertankers ... »

31 Jul 2008

Quinn P. Fanning Joins Tidewater's Senior Management Team

Tidewater Inc. announced yesterday that Quinn P. Fanning has joined Tidewater as Executive Vice President. Mr. Fanning will report to Chairman, President and CEO Dean Taylor and is expect ... »

31 Jul 2008

Hornbeck Offshore Announces Second Quarter 2008 Results

Hornbeck Offshore Services, Inc. announced yesterday results for the second quarter ended June 30, 2008. Following are highlights for the second quarter and the Company's future outlook: Rec ... »

31 Jul 2008

BMTI Investors' Market Spotlight No 140

BMTI's London CORRESPONTED VIEWPOINT. The BDI's 1% drop reflects a market in flux and a rather mixed bag of activity with th Capes solidifying their base but the other sectors mired in fragmented markets wit ... »

31 Jul 2008

OOIL quashes Hapag-Lloyd bid talk, cites weak market

Hong Kong-based container ship operator Orient Overseas (International) Ltd (OOIL) dismissed speculation on Thursday it was bidding for TUI's Hapag-Lloyd operation, saying a weak market put it off an acqui ... »

31 Jul 2008

Tighter port deals, city lawyers advise

The Jacksonville Port Authority needs to change the way it awards contracts after a "then-flawed management structure" and other problems led to deals being improperly made, City Hall ... »

31 Jul 2008

Innu Nation inks iron ore deal with Labrador Iron Mines

CBC News reported that Innu Nation has signed an agreement with Labrador Iron Mines planning to resume mining on long dormant iron deposits near the Quebec Labrador boundary. Mr Mark Nu ... »

31 Jul 2008

Brazilian Vale Advances $10.1 Billion Serra Sul Iron Ore Project, an Industrial Info News Alert

Brazilian miner Vale (Rio de Janeiro), the world's largest iron ore producer, is advancing its Serra Sul iron ore project, located about 60 kilometers (km) southwest of the city of Par ... »

31 Jul 2008

China's coal price caps are making energy shortages worse – analysts

Conflict between the power and coal sectors in China is intensifying the coal shortages afflicting the country, and new "emergency" coal price caps ... »

31 Jul 2008

Special to The Hamilton Spectator

Seven vessels arrived with bulk raw materials (coal and ore) used in production at steel mills ArcelorMittal Dofasco and U.S. Steel Canada. Three ships handled steel and general cargo, ... »

31 Jul 2008

Transshipment of liquid bulk cargo via Ukrainian seaports up 4.8% to 14.13 mln t

In January-June, 2008, transshipment of liquid bulk cargo via Ukrainian seaports amounted to 14.13 million tones (+4.8%, or +647,000 tonnes, year-on-year). The growth rates decreased as compared with ... »

31 Jul 2008

Shanghai port plans to invest in Taicang

China's Shanghai International Port Group plans to invest in Taicang Port, Jiangsu Province, NewsTrak Daily reports. Taicang Port’s 2007 throughput was 1.02 million TEUs, although the port is capable of ... »

31 Jul 2008

ICTSI second-quarter net profit up 6.5%

International Container Terminal Services (ICTSI) has reported revenue from port operations of pesos5.04bn (US$120m), an increase of 53% over the same period last year. Earnings before Interest, Taxes, ... »

30 Jul 2008

BMTI Investors' Market Spotlight - Week 30

The market is deceptively balanced at the week's start, excepting the unbalanced dropping of the round trips in both hemispheres, though the market did move slightly toward charterers' favour on Friday as busines ... »

30 Jul 2008

Fearnleys Week 31 2008

As VLCC activity in the MEG eased off rates came under downward pressure, and with rather less demand and the appearance of more tonnage, charterers were able to attract a number of o ... »

30 Jul 2008

CEVA develops multi-modal transport solution for Brazil

CEVA Logistics' Contracts Logistics division has developed a commodities transportation project aimed at extending its bulk and freight activities in Brazil. In partnership wi ... »

30 Jul 2008

Indian state oil cos to buy up to 35 pct more diesel

Indian state refiners are likely to import up to 35 percent more diesel this fiscal year to meet surging demand from the power generation sector, the head of the country's biggest ... »

30 Jul 2008

Thai coal miner Banpu looks to India, Australia

Banpu PCL BANP.BK, Thailand's top miner, said on Wednesday it was seeking to develop its business overseas in coal-rich countries to ramp up its long-term growth on the back of rising coal pr ... »

30 Jul 2008

Russia probes coal producers

Russia's Federal Antimonopoly Service on Wednesday announced it has opened an investigation into the pricing practices of two more mining companies as politicians struggl ... »

30 Jul 2008

Macarthur Coal posts sales increase

Macarthur Coal Ltd has posted an increase in quarterly coal sales after an easing in shipping congestion and increased usage of stockpiles allowed it to overcome a drop in pro ... »

30 Jul 2008

BHP reports record production

BHP Billiton (BIL) reported that annual production was significantly up in 13 commodities, with records achieved in seven commodities in the year ended June. BHP spends $658m on mineral explo ... »

30 Jul 2008

BHP to Rio Tinto holders: We boosted your shares

Rio Tinto's shares would be trading at a lower price without the benefit of his company's offer, BHP Billiton Chairman Don Argus contended Wednesday in a letter to ... »

30 Jul 2008

Coal India may invite bids for re-opening 18 mines

Coal India may seek expression of interest (EoI) from interested parties on re-opening 18 closed or abandoned underground mines through joint venture route, in a week’s time. The 18 mines are ... »

30 Jul 2008

Posco Rises After U.S. Steel Forecasts Higher Quarterly Profit

Posco, Asia's biggest steelmaker by value, rose the most in more than two months in Seoul trading on optimism U.S. Steel Corp.'s earnings forecast indicates higher profit fo ... »

30 Jul 2008

ArcelorMittal reports second quarter and first half 2008 results

ArcelorMittal (referred to as “ArcelorMittal”, or “the Company”) the world’s leading steel company, today announces results for the three ... »

30 Jul 2008

Coal-to-Liquid: a possible solution for the post-oil era?

Today, liquefied coal or CTL (Coal-to-Liquid) causes a new wave of interest. Its liquefaction (gasoline, gas oil, domestic fuel) becomes interesting again, since it allows the production of a ... »

30 Jul 2008

US steel imports in June dip by 12.3% YoY

AIIS reported that based on preliminary reporting total US steel imports in June 2008 were 2.67 million tons as compared to 2.5 million tons in May 2008 up by 6.9% MoM but down by 2. ... »

30 Jul 2008

New port to benefit the entire state: analyst

A mining analyst says the entire state will benefit from a $1.5 billion deep water port at Oakajee, north of Geraldton. The Japanese-backed Oakajee Port and Rail Consortium, ... »

30 Jul 2008

Another Chinese berth for VLCCs

VLCCs can now call at China Petroleum and Chemical Corporation (Sinopec)'s new crude oil terminal at Caofeidian in northeastern China. Caofeidian has a VLCC berth alongside a 300,000 tonne, or 2.2 million barrel, ... »

30 Jul 2008

K-Sea Transportation Partners L.P. Announces Increased Distribution for Fourth

K-Sea Transportation Partners L.P. yesterday announced that its distribution to unitholders for the fourth fiscal quarter ended June 30, 2008 will increase by $0.01, or 1.3%, to $0.77 per unit, or $3.08 ... »

30 Jul 2008

OSG America cash flow is full steam ahead

Citing strong revenue and cash flow for the first half of 2008, OSG America LP reported net income of $4.9 million for the second quarter ended June 30 and net income of $8.7 million for the fir ... »

30 Jul 2008

U.S. Shipping Partners L.P. Announces That It Will Not Pay Second Quarter Distribution

U.S. Shipping Partners L.P. yesterday announced that its review of strategic alternatives and its negotiations with its lenders to amend certain financial covenants under it ... »

30 Jul 2008

Frontline Ltd. Shares Soar Despite Bearish Sentiment

Frontline Ltd. is the world's leading international oil tanker shipping company; FRO ships crude oil. Based in Hamilton, Bermuda, the company's ... »

30 Jul 2008

Ships moving despite new oil leak on Mississippi

More oil leaks into Mississippi River from disabled barge; ship traffic moving normally More oil leaked from a disabled barge into the Mississippi River at New Orleans on Wednesda ... »

30 Jul 2008

Exporters need more shipping containers

At ports, a shortage of cargo containers seems about as unlikely as cardboard boxes suddenly becoming obsolete. The weak dollar has made U.S. goods cheaper overseas and has created a new wrinkle for the shipping ... »

30 Jul 2008

Shipowners in India allowed to hire foreigners

The Indian government has given the country's shipowners the green light to hire foreign nationals to ease an acute shortage of qualified seafarers. The industry has been seeking ap ... »

30 Jul 2008

Lines to increase inland fuel surcharges

Container lines in the Transpacific Stabilisation Agreement (TSA) are set to increase inland fuel surcharges (IFS) to better reflect the prices they pay for inland fuel in their intermodal o ... »

30 Jul 2008

Maersk plans to use 3,430 TEUs capacity vessels

Maersk Line will deploy larger vessels on its routes between Europe and West Africa. The larger ships will have a capacity of 3,430 TEUs (twenty-foot equivalent units) and each wi ... »

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