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Worldwide Container Shipping news - Archive 2009, January
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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 Jan 2009
China's Growth Story and BHP Billiton Cyclical Opportunity
One used to be able to describe the United States in the same way, but no longer. Our country seem ... »
31 Jan 2009
Rio to sell Brazilian iron ore mine
Rio Tinto Ltd has agreed to sell its undeveloped potash assets and Corumba iron ore mine in Brazil for $1.6 billion in cash to Brazilian miner Vale. The global miner says no approval ... »
31 Jan 2009
The Port of Gdansk: tipping the balance in Baltic Europe
It has been widely assumed among media analysts that the measure of a seaport's ranking position is best described by its continued growth in t ... »
31 Jan 2009
Tuticorin port slashes rates to attract more cargo
Tuticorin port, one of the three ports of Tamil Nadu located in the southern part of the state, announced rate cuts of the order of 30% in cargo handling with effect from th ... »
31 Jan 2009
GE Shipping to maximise spot exposure in dry-bulk segment
GE Shipping Co Ltd plans to maximise spot exposure in the dry-bulk segment due to lower rates, it Chief Financial Officer said Friday. "The number (of long-term contracts) will not go up in dry bulk. It may not be advisable to fix ... »
31 Jan 2009
Framo in Knutsen purchase
Leading Norwegian pump manufacturer Frank Mohn has moved into shipowning by purchasing three tankers on a lease back basis. The Knutsen shuttle tankers 'Karen Knutsen' (153,616 dwt/99), 'S ... »
31 Jan 2009
Eimskip's earnings negative by EUR 648 million in 2008
The presentation of the group‘s outcome is shown with the aviation guarantees and amounts concerning subsidiaries in sales processes put under discontinued operations. All amounts regarding ongoing ... »
31 Jan 2009
Nippon Yusen, K-Line Slash Forecasts as Trade Slumps
Nippon Yusen K.K., Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd. Japan’s three largest shipping lines, slashed full-year profit forecasts as slower growth in China cut demand for commodity transportation. Nippon Yusen fell ... »
31 Jan 2009
K-Sea Transportation Partners L.P. Announces Operating Results for Second Quarter of Fiscal 2009
K-Sea Transportation Partners L.P. yesterday announced operating results for the second fiscal quarter ended December 31, 2008. The Company reported operating income of $9.4 million, a ... »
30 Jan 2009
Barry Rogliano Salles Weekly Tanker No 607
Another depressing week for owners; the Chinese New Year
holiday seems to have affected the whole shipping community.
Very slow demand, combined with an oversupply of tonnage, led
very naturally to a further plun ... »
30 Jan 2009
WEEKLY MARKET REPORT 2009/Week 05
This week, the dry freight market showed some signs of recovery with the BDI breaking the 1,000 points barrier,
as the number of cargoes appear to be steadily increasing. After a long time we s ... »
30 Jan 2009
Gibson Tanker Report THE DRIVE TO GREATER CAR EFFICIENCY
We have a new US president and a new US green energy initiative, which aims amongst other
things to cut the use of 'foreign' oil. The main drivers to achieve this are to improve vehicle
... »
30 Jan 2009
Asia sees influx of deep-sea butadiene cargoes from US, Europe
Asia is seeing an influx of deep-sea butadiene cargoes as traders capitalize on the arbitrage opportunity because of the difference in price in As ... »
30 Jan 2009
Japan iron ore imports in 2008 reaches 140 million tones
According to the foreign trade statistics preliminary for December 2008 announced by the Japanese ministry of finance on January 22nd 2009 iron ore imports into the country in the ... »
30 Jan 2009
Scrap steel exports to China quadruple - Marubeni
Bloomberg reported that Marubeni Corp Japan’s second largest scrap steel trader exports to China quadrupled in the past two months as demand improved in response to a planned governmen ... »
30 Jan 2009
Durban Bulk aims for new Richards Bay coal terminal
South Africa's Durban Bulk Connections (DBC) hopes to build a new three-million tons a year export facility at the Richards Bay port, MD Iain Geldart told Reu ... »
30 Jan 2009
Coal Supply at Newcastle, Australia to Improve, Macquarie Says
Coal supplies from Newcastle, Australia, the world’s biggest export harbor for the fuel, may improve with the end of disruptions caused by rain and equipment, Macquarie G ... »
30 Jan 2009
India's STC seeks up to 8,500 T foreign crude palm oil
Government-owned State Trading Corp of India Ltd has issued a tender to import 8,000-8,500 tonnes of crude palm oil in February, the company said on its website.
The last date to submit the bids for ... »
30 Jan 2009
US steam coal exports in November 2008 recorded 11 year high
It is reported that US steam coal exports in November 2008 totaled 2.07 million tonnes excluding exports to Canada, the highest monthly total since February 1997, as per latest data from US C ... »
30 Jan 2009
S&P bulletin on Glencore ratings
Standard & Poor's Rating Services said Friday that its ratings and outlook on Glencore (BBB-/Stable/A-3) were unchanged following the group's proposed sale of its Col ... »
30 Jan 2009
Iron ore price may decline 20% in 2009
Iron ore prices are likely to decline by 15-20 per cent this year on falling demand from global steel producers because of production cut, according ... »
30 Jan 2009
Atlas Iron gets $3.4m from first sales
Iron ore miner Atlas Iron Ltd received $3.4 million from ore sales in the December quarter and had $83.33 million remaining in its war chest at the end of calendar ... »
30 Jan 2009
Penalty for un-palletized Cargo Arriving Riyadh Dry Port, Saudi Arabia
We are writing to inform you that from 25 February 2009, the Saudi Port Authority will implement a penalty of SAR 1,000 (US$267) per TEU and SAR 1,500 (US$400) per FEU at Riyadh Dry Port for an ... »
30 Jan 2009
DNV: Major Indian marine terminal certifies supply chain to reduce risks
DNV recently certified the Indian marine terminal operator DP World Nhava Sheva to the standard ISO 28000, with specifications for security management systems. The ISO 28000 st ... »
30 Jan 2009
Throughput of Riga port is likely to fall by 5-7% in 2009 - expert
In 2009, throughput of Riga port is likely to fall by 5-7%, that of Liepaja – by 10-20%, Ventspils – by 10%, RZD-Partner cites Georg Lansmanis – Advisor to the Minister of T ... »
30 Jan 2009
High-level meeting in Djibouti adopts a Code of Conduct to repress acts of piracy and armed robbery
A high-level meeting of 17 States from the Western Indian Ocean, Gulf of Aden and Red Sea areas, convened by IMO in Djibouti to help address the problem of pir ... »
30 Jan 2009
Vapores Sees 'Important' 2009 Losses as Demand Slows
Cia. Sudamericana de Vapores SA, Latin America’s biggest container ship company, forecast “important” losses this year and said it will reduce services. Vapores reported a net ... »
30 Jan 2009
GE Shipping announces Q3FY09 results
The Board of Directors of The Great Eastern Shipping Company Ltd. (G E Shipping) today approved the Unaudited Financial Results (Provi ... »
30 Jan 2009
NYK Line posts full year results
Nippon Yusen Kabushiki Kaisha (NYK Line) announces the following statement of accounts for the period from April 1, 2008 to December 31, 2008. For ... »
30 Jan 2009
Wartsila presents 2008 full year results
Ole johansson, President and CEO commented: “The year 2008 will go down in history as a year of contrasts for Wartsila. On one hand it was a ... »
30 Jan 2009
ISF - 100 years old and still going strong
THE International Shipping Federation (ISF) is celebrating its 100th anniversary throughout this year, having been established as the principal international employers’ organisation for shipowners in ... »
30 Jan 2009
M2M sees value in distressed shipping
M2M Management, a specialist asset manager operating in the shipping market, is launching a private equity style investment fund to take advantage of ship price declines of 60 to 80 percent. Tim Coffin, wh ... »
30 Jan 2009
10 ships, 179 crew held by Somali pirates
The International Maritime Bureau says 166 crew on nine hijacked ships are still being held off the coast of Somalia, not including the German tanker se ... »
30 Jan 2009
Grand Alliance announces changes to Europe-Far East service
The member lines of the Grand Alliance, Hapag-Lloyd, MISC Berhad, NYK and OOCL, have decided to suspend their EU5 Service between Europe and Asia with immediate effect. The weekly se ... »
30 Jan 2009
Ship stopped by US forces is searched in Cyprus
A ship that was searched by U.S. forces in the Red Sea last week with a suspected Iranian arms shipment bound for Hamas militants in Gaza arrived in Cyprus on Thursday an ... »
30 Jan 2009
'Little cause for optimism' in 2009 and 2010
Parcel and chemical tanker specialist Stolt-Nielsen S.A. (SNSA) says that relatively favourable fourth quarter (Q4) results for 2008 should not serve ... »
30 Jan 2009
Coal Loading at Xstrata's Abbot Point Terminal Halted on Storm
The Abbot Point coal port, an export terminal in Australia operated by Xstrata Plc, has stopped loading vessels after its only loader was blown off its tracks during a storm late yesterday. The loader ... »
30 Jan 2009
SC reserves verdict on Vizhinjam Port project
The Supreme Court on Thursday reserved its verdict on petitions f ... »
30 Jan 2009
Vancouver more stable than other west coast ports
Port Metro Vancouver says there are bright spots in coastal shipping trends despite weak worldwide demand. The Port insists that its 2008 year-end numbers show it has demonstrated " ... »
30 Jan 2009
BHP Billiton, Ferrous, ArcelorMittal Lose Port Bids
Rio de Janeiro state, seeking to expand its iron-ore export capacity, approved about $8 billion of new terminal projects and rejected proposals by BHP B ... »
30 Jan 2009
Nippon Steel slashes outlook, sees Q4 loss
Nippon Steel Corp, the world's No.2 steelmaker, cut its profit outlook for this year by a surprise 36 percent and said it would tumble to a loss in the current quarter as a slump in car sales ... »
30 Jan 2009
S&P says metals prices may rebound late this year
Standard & Poor's anticipates the 2009 operating performance of the global metals and mining sector to be much weaker with the potential for some improvement late in ... »
30 Jan 2009
Coal: China’s Energy Pillar
China has experienced huge change over the past 30 years. But even amidst that change, coal has been the pillar of the country’s en ... »
30 Jan 2009
Xstrata Coal announces significant increase to coal reserves, seeks to raise approximately £4.1 bln
Total reported managed Coal Resources increased by 2.1 billion tonnes, comprising 1.6 billion tonnes of Measured and Indicated Resources and 0.5 billion tonnes of Inferred Resources. Recov ... »
30 Jan 2009
Barack Obama's threat to free trade on steel
Fears that the world downturn will spark a trade war have been stoked by the inclusion of measures to protect the US steel industry in Barack Obama's $US819 billion ... »
30 Jan 2009
Rio Tinto Coal Price Cut May Signal Reduction for Brazil Mills
Rio Tinto Group’s decision to slash coking coal prices for India’s JSW Steel Ltd. before contract expiration may sig ... »
30 Jan 2009
India: 'Investments in shipping, logistics need to be quadrupled'
Investment in ports, shipping and logistics sector needs to be quadrupled to bring them up to international standards, Minister of ... »
30 Jan 2009
Isan Seeks Govt's Support for Shipping Line
Indigenous Ship Owners Association of Nigeria (ISAN) has called on the Federal Government to support its initiative of setting up a shipping company, by ... »
30 Jan 2009
Who do pirates call to get their cash?
Piracy off the coast of Somalia is big business. Last year alone pirate gangs were paid an estimated £35m from holding scores ... »
29 Jan 2009
Chinese steel mills forecast price rise
Most Chinese steel mills expect steel prices to rise this year in spite of gloomy prospects for domestic demand and exports, according to ... »
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