Worldwide Container Shipping news - Archive 2009, April

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Global iron ore miners locked in pricing battle with China news

Global iron ore mining giants and world's largest steel producer, China, are locked in a negotiation battle to fix this year's long-term price for iron ore as both sides have failed to agree ... »

30 Apr 2009

Montreal Port drops tariff Increase on June 30

The Montreal Port Authority on Wednesday told shippers and shipping lines it is rescinding its 5 percent tariff increase for 2009. The increase, which went ... »

30 Apr 2009

Kochi Port management talks tough as strike enters third day

As the ongoing strike at Kochi Port over the new manning scale is ... »

30 Apr 2009

China Q1 energy supply up 3.45 pct y-o-y

China's energy supply totaled about 655 million tons of standard coal equivalent in the first quarter, up 3.45 percent over the same year earli ... »

30 Apr 2009

Swedish shipping bodies join forces

On Monday the three most significant bodies in Swedish shipping – the Swedish Maritime Administration, Ports of Sweden and the Swedish Shipowners' Association, signed an agreem ... »

30 Apr 2009

Maersk Line to introduce enhanced services in May

Maersk Line will implement new services for its Asia-Europe network starting the middle of May 2009. "Our service developments will offer ... »

30 Apr 2009

Somali pirates could face trial in Russia

Suspected pirates seized by a Russian warship off the Somali coast earlier this week could be tried in Russia, media said on Thursday. Vremya Novostei said t ... »

30 Apr 2009

U.S. Shipping Partners Enters Bankruptcy Protection

U.S. Shipping Partners LP, a New Jersey-based carrier of petroleum products, filed for bankruptcy protection in New York. The company, based in Edison, New ... »

30 Apr 2009

Grupo TMM Reports First-Quarter 2009 Financial Results

Grupo TMM, S.A.B., a Mexican intermodal transportation and logistics company, reported yesterday its financial results for the first quarter of 2009. MANAGEMENT OVERVIEW ... »

30 Apr 2009

Fearnleys Week 18 2009

Crude The slow recovery seen in the VLCC market came to a halt much to owners regret in spite of fairly healthy activity and slightly shorter position list in MEG. The activity for April was basically the same as for March, how ... »

30 Apr 2009

Japan 2008 iron ore imports down by 50%

Japanese ministry of finance announced that iron ore imports into the country were 5.858 million tonnes, an approximately 50% decrease from the same period of 2008. As a result iron ore imports durin ... »

30 Apr 2009

India to import 3 mn tonnes of raw sugar in 2008-09

India is expected to import about three million tonnes of raw sugar in 2008-09 season in order to augment the domestic availability of the sweetener, a top ... »

30 Apr 2009

Fortescue earnings plunge in Q3, cuts ore production

Fortescue Metals disclosed yesterday a steep fall in third-quarter earnings and cut its annual production forecast by 15 per ... »

30 Apr 2009

Steel demand pick up seen sluggish at best in 2009

Any revival in demand for steel late this year will be sluggish at best and may not become strong until 2012, analysts told a scrap metal conference. "Price falls and producer margins are seen c ... »

30 Apr 2009

China steel market oversupplied on faltering export, association

Chinese steel market was under oversupply pressure in the firs ... »

30 Apr 2009

India's commodity export to fall short of target

Major commodity sectors are expected to witness a decline in exports in 200910 due to continued demand constriction in overseas ... »

30 Apr 2009

Oil Floods Rotterdam, Europe's Largest Port, as Demand Drops

Rotterdam, Europe’s largest port, may be running out of space to store crude as global oil demand posts its first back- ... »

30 Apr 2009

Smart Security Specialists Saving Ships

Thousands of experienced security specialists, now out of work because of a much less violent Iraq (and a much smaller demand in Afghanistan), are finding work guarding commercial shipping. Most ... »

30 Apr 2009

Young seafarers list ways to end global shortage of professionals

YOUNG seafarers across the globe have joined the on-going campaign against criminalisation of seafarers, saying this and other issues relating to ... »

30 Apr 2009

Continued strong growth for Eitzen Maritime Services

Eitzen Maritime Services ASA yesterday reported its first quarter 2009 results. The group continues its strong growth. First quarter revenue was 86 per cent higher than last year. EBITDA almost tripled c ... »

30 Apr 2009

Somali piracy costs Suez Canal business

With more ships opting to go around the Cape of Good Hope to avoid Somali pirates rather than pass through the Suez Canal and enter the world's most dangerous waterway, Egyptian officials ... »

30 Apr 2009

India's coastal shipping goes into growth mode

India's nascent coastal shipping sector is getting a boost as more companies start services for transporting container ... »

30 Apr 2009

Shipping Lines Fight California Emissions Rule

Ocean carriers are seeking a permanent injunction against enforcement of a new state regulation that will require the use of low-sulfur fuel in vessels’ main engines, aux ... »

30 Apr 2009

First Data Launches PayCargo for Shipping Industry

First Data, a global leader in information commerce, has launched PayCargo, the first global online freight payment system for the maritime shipping industry. The proprietary solution PayCargo o ... »

30 Apr 2009

China seen cutting May diesel exports to 4-mth low

China will cut diesel exports in May by 40 percent versus April volumes to a four-month low of 180,000 tonnes, to meet rising domestic demand and stockpiling at a time of refin ... »

30 Apr 2009

China fuel oil imports up in April

China's fuel oil imports have been estimated at 2.2-2.4 million metric tonnes (mt) in April, up slightly from 2.23 million mt recorded in March, reports said. Imports coming from Singapore were forecast at ... »

30 Apr 2009

China May Cut Iron Ore Imports by 21%, Group Says

China, the world’s largest consumer of iron ore, may cut imports of the steelmaking ingredient by about 21 percent this year as demand from mills slumps, an industry group said. Imports ma ... »

30 Apr 2009

China has no intention of giving up setting iron ore benchmark price

Luo Bingsheng, vice chairman of China Steel Industry Association, said that China had no intention of giving up the "initial pricing power" of the ongoing iron ore price negotiat ... »

30 Apr 2009

Steel giant Arcelor Mittal reports 1 billion dollar loss

ArcelorMittal, the world’s largest and most global steel company, today announced results for the three months ended March 31, 2009. ArcelorMittal recorded a net ... »

30 Apr 2009

World steel prices continue to slip but rate of decline has slowed

There are no positive signals in the US flat products market. Demand remains in a trough with raw steel output now running at well under 50 percent of capacity - down at 42 percent in early April. Distri ... »

30 Apr 2009

Talks on to end iron ore impasse

Chinese steel mills are still locked in negotiations for this year's long-term iron ore prices with three major suppliers as the two sides have failed to agree on the size of price cuts, according to a lead ... »

30 Apr 2009

What Are Metal Prices Telling Us?

China in particular and developing countries in general are the focus for growth generation. That was always the case as far as we were concerned. China fell out of favour among t ... »

30 Apr 2009

Steel producers offer bleak financial results, vague outlook

The outlook for Asia's steel industry isn't that bright at the moment, but it won't stay that way for too long, according to some analysts. Many of Asia's top steel producers have reported financial results ... »

30 Apr 2009

China discovers 2-bln-ton iron ore deposit in northeastern province

China has discovered an iron ore deposit of approximately two billion tons in its northeastern province of Liaoning, according to local bureau of geology and mineral exploration. ... »

30 Apr 2009

Steel giant Severstal reports 21% drop in steel output in Q1

Russian steelmaking giant Severstal said on Wednesday its crude steel output had declined 21%, year-on-year, in January-March to 3.8 million metric tons. The production of rolled products ... »

30 Apr 2009

Cosco Pacific first-quarter net income down 34%

The board of directors of COSCO Pacific Limited (the “Company”) presents the unaudited consolidated results of the Company and its subsidiaries (the “Grou ... »

30 Apr 2009

Bintulu Port records lower cargo volume

Bintulu Port Holdings Berhad has recorded a 30 per cent drop in cargo volume for the first quarter of this year. Chief executive officer Mior Ahmad Baiti Mior Lub Ahmad, who disclose ... »

30 Apr 2009

Mumbai to Maintain Rates through July

India’s port regulator, the Tariff Authority for Major Ports, postponed a decision on a rate proposal for the Port of Mumbai until July 31. The port will be allowed to levy its ex ... »

30 Apr 2009

International Shipholding Corporation Reports First Quarter 2009 Results

International Shipholding Corporation yesterday announced the financial results for the quarter ended March 31, 2009. First Quarter 2009 Highlights •&nb ... »

30 Apr 2009

Havila Shipping ASA - First quarter reporting

Havila Shipping ASA achieved a result before tax of NOK 164.4m in Q1 2009, compared with NOK 314.8m in Q1 last year, whereof NOK 311.8m was profit from sale of assets. ... »

30 Apr 2009

China Cosco Posts First-Quarter Loss on Cooling Economy, Rates

China Cosco Holdings Co., the world’s largest operator of dry-bulk vessels, posted a quarterly loss and said accumulated first-half profit may more than halve from last year as a slowing economy pummels ... »

30 Apr 2009

A.P. Moller - Maersk Group reviews internal piracy policy

And requests action from the international community.The A.P. Moller – Maersk Group remains vigilant and constantly monitors the situation in the Gulf of Aden and the area off the Somal ... »

30 Apr 2009

Nomura: Baltic Dry Index won’t rebound untill 2011

The Baltic Dry Index (BDI), a measure of world trade that collapsed a record 92% last year, won’t rebound until 2011, Nomura Holdings Inc. said. “We maintain our bearish view due to the large ... »

30 Apr 2009

LNG Tankers May Idle for Years as Fleet Expands

Some liquefied-natural-gas tankers may lie idle for years because too many are being built as the global recession erodes demand for the fuel. The CHART OF THE DAY shows how ... »

30 Apr 2009

A helping hand for crews

AS the use of electronic aids increases in the shipping industry, voyage planning and fleet management systems are becoming staple tools for sh ... »

30 Apr 2009

Getting on the road to recovery

SINCE around September 2008, the global credit crunch has been dominating business headlines and gripped every industry worldwide. Financing troubles continue to ... »

30 Apr 2009

Nigeria's shipping community advocates penalty clause in proposed law

As the local content bill is in the making at the National Assembly, members of the Nigerian shipping community have argued on the need for the la ... »

29 Apr 2009

Macarthur Coal sales 'on track' despite fall

Miner Macarthur Coal has recorded a fall in coal sales during the March quarter, but says it is in line with expectations. It says despite the weaker sales, it expe ... »

29 Apr 2009

Baoshan Steel Expects First-Half Profit to Plunge

Baoshan Iron & Steel Co., China’s largest steelmaker, expects to post a “big decline” in first- half profit from a year ago as overcapacity in the world’s largest consumer ... »

29 Apr 2009

US coal supplies rise 1.4 pct for week - Genscape

Coal stocks at U.S. power plants rose 1.4 percent this week from last week and are 17.1 percent greater than the same week of 2008, Genscape said Tuesday. Electric companies had 168.4 million shor ... »

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