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Worldwide Container Shipping news - Archive 2008, August
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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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31 Aug 2008
Egypt to buy 1m tonnes of Kazakhstan wheat
Egypt has agreed to buy a million tonnes of wheat from Kazakhstan to meet local market needs, and has discussed building silos to store Kazakh wheat on Egypt's north coast, state-owned Al Ahram new ... »
31 Aug 2008
Kuwaiti crude oil exports to Japan down 30% in July
According to the report released by a Japanese government agency, Kuwait's crude oil exports to Japan plunged 30.3% in July from a year earlier to 8.59 million b ... »
31 Aug 2008
Japanese July iron ore import price hits record high
According to data announced by ministry of finance, Japanese iron ore import price increased by 38% YoY to JPY 10,700 per tonne CIF in July 2008 from a year earlier, hitting first JPY 1 ... »
31 Aug 2008
India: Domestic steel prices may soften in September amid cooling overseas markets
Domestic steel prices may soften in September, shadowing global markets. Analysts at domestic brokerages said that spot hot-rolled coil prices (HRC) in overseas markets have currently c ... »
31 Aug 2008
Evraz Could Up Delong Stake to 75%, Says Other China Acquisitions Possible
Russia's Evraz Group could increase its stake in Delong Holdings to 75% as the result of an offer if its bid to acquire a controlling 51% stake in the Chinese steel trader and produ ... »
31 Aug 2008
Chinese domestic iron ore prices to face downward pressure
It is reported that steel market maintains modest downswings in recent days and steelmakers suffer greater pressure from fund and cost. Most steelmakers beat down purchase prices for ore f ... »
31 Aug 2008
Qatar Steel exploring locations and projects: official
Qatar Steel is looking at “alternate locations and projects” for investments and securing raw materials it required, Industries Qatar chief co-ordinato ... »
31 Aug 2008
Shenhua H1 net up 43 pct, outlook strong
China Shenhua, China’s largest coal producer, saw first-half net profits rise to 14.15 billion yuan (2.07 billion U.S. dollars), up 43.6 percent from the same period last year, the company reported. Earning ... »
31 Aug 2008
Essar Group mulls acquiring iron ore, coal mines abroad
In a bid to feed its upcoming steel and power projects in Gujarat, Ruias-promoted Essar Group is scouting for iron ore and coal assets in Africa and South America for possible acquisition. "Our merger and ... »
31 Aug 2008
A Steelmaking Giant Wants Into the Deepwater Game
While Enron will forever remain the American archetype of corporate malfeasance, in South Korea that dubious distinction goes to Daewoo. Following the dramatic implosion of the Daewoo corporate empire in ... »
31 Aug 2008
Commodity Trends: Agri-futures awaiting revival
The most significant event in the derivatives markets was the launch of currency derivatives by the National Stock Exchange on Friday. Inflation marginally eased to 12.40 ... »
31 Aug 2008
India: Coal ministry to increase coal production to 12 percent
To boost the growth of the Indian economy, the Coal ministry has decided to increase coal production by 12 per cent, deliver quality coal to consumers and have zero tolerance on safety provision ... »
31 Aug 2008
Chinese domestic iron ore prices to face downward pressure
It is reported that steel market maintains modest downswings in recent days and steelmakers suffer greater pressure from fund and cost. Most steelmakers beat down purchase prices for ore f ... »
31 Aug 2008
Stainless steel demand in India to increase 9%
India's stainless steel demand is expected to rise 8-9 per cent in the current fiscal year and double in the next five years, as more of the alloy is used to make railway coaches and buildings, an industry ... »
31 Aug 2008
Cochin Port to adopt new shift timings
The Cochin Port Trust has decided to change the shift timings in the Traffic Department with effect from Septemebr 1. The introduction of the new timings with hot seat exchange syste ... »
31 Aug 2008
Mumbai Port offshore container terminal to complete by 2010
It is reported that the license agreement between the Mumbai Port Trust and the promoters of Indira Container Terminal has been signed for the construction of the INR 1,228 crore offshore container ... »
31 Aug 2008
Gangavaram Port to start operations in Sept
Gangavaram Port, which is being taken up in public-private partnership near Visakhapatnam, would be formally launched in September. The greenfield port could handle mother vessels, boostin ... »
31 Aug 2008
KCT’s performance allays concerns about rising port congestion
Gulftainer, the region’s leading port management firm, announced that its Khorfakkan Container Terminal (KCT) received the ‘Hyundai Brave’ on 23 August 2008. The impressi ... »
31 Aug 2008
The latest 'great game' involves Indian Ocean
This battered harbor town on Sri Lanka's southern tip, with its scrawny men selling even scrawnier fish, seems an unlikely focus for an emerging international competition over the energy supply routes ... »
31 Aug 2008
Malaysia: Proposal to upgrade shipping facilities welcomed
MARITIME players welcome the Government’s proposal to set up a new RM2bil fund to finance the purchase of ships and upgrade of shipyards. The fund, under Bank Pembangunan Malaysia Bhd (BPMB), ... »
31 Aug 2008
SCI to deploy new box ships in India-Europe sector
Shipping Corporation of India has decided to deploy its new container vessels in the India-Europe sector. The vessels are to be delivered in October. “We plan to deploy the new vessels in the India-Europe sect ... »
31 Aug 2008
Shipping takes a new direction
The developer of a software product that has made the documentation process easier for vessels to enter ports around the world has broken away from the business that his father sold two years ago to start h ... »
31 Aug 2008
Indian ships headed for tougher scrutiny as detentions increase
Indian ships could be slotted in a higher risk category by international maritime inspection agencies, as 11 vessels from the country have been detained this year for violating safety and environment standards ... »
31 Aug 2008
Shipping Corp to revive JV with ONGC
Shipping Corp of India is working on reviving its proposed joint venture with the Oil and Natural Gas Corp and is also scouting for a third partner. "We will begin dialogue with ONGC on the joint ve ... »
31 Aug 2008
Hefty ransoms feeding Somali piracy
Piracy off the coast of Somalia reached new heights last week when four ships -- German, Japanese, Iranian and Malaysian -- were seized within 48 hours.
Yet this may not represent the peak of pirate activi ... »
31 Aug 2008
Bureau Veritas reports H1 results
Bureau Veritas, the world’s second-largest group in conformity assessment and certification services in the fields of quality, health and safety, environment and social responsibi ... »
31 Aug 2008
Shipping firms in choppy waters
As freight rates tank, Goldman Sachs predicts further fall in Baltic Index. Weighed down by a steep fall in freight rates, shipping companies are in troubled waters. The future looks ev ... »
31 Aug 2008
Persian Gulf tanker rates may advance as owners withhold ships
The cost of shipping Middle East crude to Asia may advance from a three-week high as owners delay leasing their vessels and demand strengthens. An increase in vessel bookings since last week has ... »
31 Aug 2008
The Fifth Circuit Court of Appeals Narrows the Turnover Duty Owed by Vessel Owners
A vessel owner generally owes three duties to a longshoreman: (1) warning the stevedore of any hidden dangers that are not open and obvious (the turnover duty); (2) protecting against hazards from ... »
29 Aug 2008
Barry Rogliano Salles Weekly Tanker No 587
After such a dull and uninspiring month in August
when owners gave up against too slow and unstable a
demand, the holidays seem over and markets showed
evident signs of quick recovery this week ... »
29 Aug 2008
WEEKLY MARKET REPORT 2008/Week 35
Oceanaut inc., an AMEX listed SPAC ( Special Purpose Acquisition Company ) sponsored by Excel Maritime,
announced this week that it reached an agreement to acquire a fleet of 4 modern bulk carr ... »
29 Aug 2008
Thailand: Energy Ministry to import more LPG
The Ministry of Energy will import 150,000 tonnes of liquefied petroleum gas (LPG) this September due to high LPG consumption, especially from the transport sector. The Deputy Permanent Secretary for Energy ... »
29 Aug 2008
Eskom still to decide on fate of Richards Bay coal export allocation
State-owned Eskom has received several unsolicited offers for its valuable coal export allocation at Richards Bay, but has yet to make a call on how to deal with these offers, spokesperson Fani Zulu said. He t ... »
29 Aug 2008
Electricity tariff hike to stimulate coal demand in China
China is likely to further face tight coal supply in the second half of 2008, as the recent on-grid electricity tariff hike may further stimulate the domestic coal demand and the contractual coal price reached ... »
29 Aug 2008
Evraz Group posts 82.1% rise in 1H2008 IFRS net profit
Evraz Group increased its net profit calculated to International Financial Reporting Standards by 82.1% year-on-year in the first half of 2008 to $2.04 billion, Russia's largest ste ... »
29 Aug 2008
‘Iron ore, coking coal will dictate steel prices’
In the immediate future, steel prices will be dictated by the level of iron ore and coking coal prices, which have risen 85 per cent and 200 per cent (respectively) in the last year, Mr Ratan Tata, ... »
29 Aug 2008
Louisiana Offshore Oil Port Prepares to Shut Saturday Afternoon
The Louisiana Offshore Oil Port, the biggest U.S. oil import terminal, plans to shut its marine operations in the Gulf of Mexico tomorrow as Tropical Storm Gustav may strengthen as it a ... »
29 Aug 2008
Bulgaria ports to build container terminals with Japanese loan
The contract for a loan in the amount of EUR 230 M for the construction of new container terminals was signed Friday by Finance Minister Plamen Oresharski and re ... »
29 Aug 2008
China's biggest iron ore port to raise handling fees
Rizhao Port, China's largest iron ore port, said on Friday it will raise its handling fees for imported iron ore by 11 percent from Sept. 1, as iron ore stocks at China's ports remain high. The port will raise ... »
29 Aug 2008
Varun sees FY09 rev boost on offshore thrust
Oil and gas garrier Varun Shipping Co Ltd has entered the South African market to provide offshore oil-field services and is eyeing the region "more seriously", Managing ... »
29 Aug 2008
BTS Signs Agreement With Maersk Line, a World Leading Danish Shipping Company
BTS Group AB (publ), the world leader in customized business simulations and other discovery learning solutions, announces that it has signed an agreement with Maersk Line. The initial target group for the agreement ... »
29 Aug 2008
Evergreen Marine Second-Quarter Net Falls as Fuel Costs Surge
Asia's biggest container shipping line, posted a 35 percent decline in second-quarter profit because of a near-doubling of fuel costs and losses from affiliate EVA Airways Corp. Net ... »
29 Aug 2008
Turkey & USA Ship Registry approves SARS/Securewest
SARS Corp., a provider of technologies dedicated to the satellite-based management of fixed and mobile assets, and its marketing partner Securewest International a leader in Maritime Security and emergency respon ... »
29 Aug 2008
Monitoring fuel consumption
The company behind the vessel-based fuel management system has announced the addition of TorqueTrak 10k to its list of sensors monitored. The move comes in response to high consumer demand t ... »
29 Aug 2008
Dredging, coal mining to boost Mercator
Mercator Lines’ foray into dredging and coal mining business coupled with demand for vessels, its transformation into complete logistics solution provider and contract renewals at higher rates w ... »
29 Aug 2008
Exmar reports first half results
The board of directors of EXMAR NV has drawn up the accounts for the period ending 30th June 2008. This press release also refers to the one distributed on 30 July 2008 (provisional results). During the first ... »
29 Aug 2008
SingTel receives Frost & Sullivan Technology Leadership Award
Singapore Telecommunications Limited (SingTel) announced Friday it has received the prestigious 2008 Asia Pacific Frost & Sullivan Technology Leadership Award in the field of Maritime Broadband Commu ... »
29 Aug 2008
Liberia suspends renegotiation of LISCR deal
The Liberian Government has suspended negotiations on renewal of the contract of LISCR (Liberian International Ship and Corporate Registry) to operate the Liberian maritime program, according to a sta ... »
29 Aug 2008
Persian Gulf Tanker Rates May Advance as Owners Withhold Ships
The cost of shipping Middle East crude to Asia may advance from a three-week high as owners delay leasing their vessels and demand strengthens. An increase in vessel bookings sinc ... »
29 Aug 2008
Morgan Stanley warns on bulker cancellations
As much as $22.7bn of newbuilding dry bulk contracts could be deleted in the the next three years, as well as delivery delays for up to 20% of the scheduled order book, Morgan Stanle ... »
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