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Worldwide Container Shipping news - Archive 2009, 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 2009
Nippon Oil, Idemitsu, Cosmo Halt Waterborne Shipments on Storm
Nippon Oil Corp., the nation’s largest oil refiner, Idemitsu Kosan Co. and Cosmo Oil Co. halted shipments by sea from refineries near Tokyo as Tropical Storm Krovanh increased its strength. Nippon Oil halted shipments from the 340,000 ba ... »
31 Aug 2009
Citigroup Seeks 'New Blood' for Asian Commodity Team
Citigroup Inc. plans to expand its commodity team in Asia at a “double-digit” pace in a bid to capitalize on rising demand for raw materials as the global economic recovery boosts metals and energy prices. The New York-based bank, which ... »
31 Aug 2009
Indian workers' strike: Trade through Benapole land port halts
Export-import activities between Bangladesh and India through Benapole land port remained suspended since Saturday morning due to a wildcat strike enforced by a section of workers of Indian Petrapole land port. Sources said Indian CPM-backe ... »
31 Aug 2009
Iran sends more naval vessels to Gulf of Aden
More Iranian warships are to be sent to the Gulf of Aden, to protect the fifth-largest crude exporter's oil tankers from pirate attacks.
The naval units are to be sent to the waterway linking the Red and the Arabian Seas 8:00am local time (12: ... »
31 Aug 2009
NS Africa tanker built in Korea for Novoship to start sea trials Sept. 1
Aframax product carrying tanker NS Africa, the last in the series of four vessels built by Hyundai Heavy Industries Co., Ltd to the order Novoship OJSC (Sovcomflot Group), will start sea trials on September 1, 2009. According to the shipping company& ... »
31 Aug 2009
Baltic Dry Index posts steepest fall in 10 months
The Baltic Dry Index, a measure of shipping costs for commodities, posted its biggest monthly drop since October on plunging rentals for iron-ore carriers. Iron ore to make steel is the biggest single dry-bulk commodity hauled at sea, accounting for ... »
31 Aug 2009
RS PLATOU NORTHSEA ACTIVITY REPORT WEEK 35 2009
The information contained in this report has been obtained from various
market sources and we make no guarantees regarding its accuracy ... »
31 Aug 2009
Export of Indonesian coal raw material should be reduced: official
Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finished coal exports, a mining official said. The Kotabaru head of the Mines and Energy ... »
31 Aug 2009
Indonesia Adaro Q2 net profit, revenue jump on higher prices
PT Adaro Energy Tbk, Indonesia's No. 2 coal producer by market value, increased second-quarter net profit seven-fold to 1.1 trillion rupiah ($109.5 million), Reuters calculations showed.
... »
31 Aug 2009
India: Companies may be asked to sell surplus coal at discount
Steel, power and cement companies will have to sell surplus coal from their captive blocks for 20% less than the government-determined price, according to a policy being ... »
31 Aug 2009
POSCO raises stainless steel prices by 13 pct
South Korea's POSCO said that it would raise stainless steel prices by up to 13 percent in its third consecutive monthly increase to reflect improving global prices and rising raw material pr ... »
31 Aug 2009
Crew blamed for Red Sea tanker sinking
The captain and crew of an oil tanker that broke in two and sank in the Red Sea, spilling 60 tonnes of its own fuel, were responsible for the accident, a Suez ... »
31 Aug 2009
Indian Maritime varsity plans more centres in coastal States
The Indian Maritime University (IMU) is planning to open centres in various maritime States in the country such as Orissa, Gujarat, ... »
31 Aug 2009
Brazil Namisa: Iron-Ore Demand May Only Be Restocking
Namisa S.A., mining subsidiary of Brazilian steelmaker Companhia Siderurgica Nacional (SID), believes current iron-ore demand may just be restocking, the Estado news agency reported.
The current resumption in iron-ore demand may be "artifici ... »
31 Aug 2009
Oil May Fall on Demand, Strong Dollar, Survey Shows
Crude oil futures may fall on speculation that demand will be slow to rebound and the dollar will strengthen, a survey of analysts showed. Twenty-three of 39 analysts surveyed by Bloomberg ... »
31 Aug 2009
OPEC likely to keep output steady in Sept-delegate
OPEC is likely to keep oil production targets unchanged when it meets in September on expectations that demand will strengthen over winter as the global economic recovery gathers pace, a senior Gulf OPEC delegate told Reuters on Sunday.
"Acc ... »
31 Aug 2009
LNG boom to make Australia 'Middle East of gas'
Australia is poised to become "the Middle East of gas" as Asia's rapidly growing economies queue up to buy its vast reserves in liquid form, according to analysts.
The government last week approved the massive Gorg ... »
31 Aug 2009
Iraq budget panel sees 2010 oil price at $60
A committee reviewing Iraq's budget proposals for 2010 has recommended spending plans be based on average oil prices of $60 ... »
31 Aug 2009
Saudi Arabia can learn from Rio Tinto experience in China
The mineral resource world is gripped with the almost bizarre details of reports that the giant Australian mining and minerals company Rio Tinto has been charged with espionage over a six-year period by the Chinese authorities.
The plot thickens ... »
31 Aug 2009
Japanese steel mills finish SBQ plate negotiations with South Korean ship yards
TEX reported that Japan's integrated steelmakers have come to terms with South Korea's major shipbuilding companies on a price increase in the negotiations held between the sides on the Japanese steelmake ... »
31 Aug 2009
Steelmakers Resume Output as Global Demand Recovers
Steelmakers are resuming production at mills from China to Russia and the U.S. as the industry pulls out of its worst slump since World War II.
... »
31 Aug 2009
Commodity Trends: Steadies on rains, import news
The rising food grains market has been kept under check by imposition of stock limits for pulses and announcement of imports of key commodities that may face shortage in the coming months. With rainfall gaining strength in the c ... »
31 Aug 2009
Ezz to hike steel rebar price in September
Ezz Steel, Egypt's largest steel producer, will raise the price of rebars in September to 3,000 Egyptian pounds ($543) per tonne from 2,800 pounds in August, the company said on Sunday.
"We usually base our prices on global markets fo ... »
31 Aug 2009
India's Plan panel: Leave coal prices to market, allow free trade
The coal pricing may see a complete revamp and the sector may enter into a free trade zone, if suggestions of the Planning Commission are implemented.
"...Coal prices should ideally be left to the market and trading of
coal, nationally and ... »
31 Aug 2009
Shenhua says first half profit up 14%
China Shenhua Energy Co, the country's biggest coal producer, says its first-half net profit rose 14 per cent from a year earlier as its output and sales surged despite the fallout from the globa ... »
31 Aug 2009
Vietnam sees delays in foreign steel projects
Multi-billion dollar foreign steel projects in Vietnam are likely to face delays because of the global economic ... »
31 Aug 2009
Tatas may increase steel prices marginally
With demand likely to pick up in the automobile and infrastructure sector, steel prices may increase marginally, says a leading private producer Tata Steel.
“If the demand is good, if the economy improves...Then there ... »
31 Aug 2009
Chile's copper output to jump to 5.8m tone
Chile hopes that due to the climbing copper price, Chile’s copper yield in 2010 will rise to 5.8 million tonne from about 5.4 million tonne in 2009.
Total exports of Chile’s copper is set to touch $27 billion, and it is expected t ... »
31 Aug 2009
India: Container traffic gathers steam, rises 3.1% in July
The shipping sector is showing first signs of revival. Traffic handled at the 12 major ports in the country has seen a 1.17% increase at 1.80 la ... »
31 Aug 2009
DP World to build and operate Embraport in Brazil
INTERNATIONAL. Global marine terminal operator DP World and Brazilian company Odebrecht announce they have entered into a partnership to acquire a majority stake at Empresa Brasileira de Terminai ... »
31 Aug 2009
Buenos Aires strike hurting NYK and other Asian carriers
NYK Line’s Asia to East Coast of South America (ECSA) service is being diverted from Buenos Aires to Montevideo due to a stevedores strike in Argentina’s main container port.
T ... »
31 Aug 2009
Chennai port to build barge jetty under public-private model
The Shipping Ministry has asked the major ports to explore the possibility of developing small barge jetties under public-private-partnership (PPP) to increase liquid cargo traffic.
There is a plan to build one such facil ... »
31 Aug 2009
USD40 billion investments in GCC ports at risk
Khaleej Times reported that planned investments worth almost USD 40 billion to expand the cargo handling capacity at seaports in the Gulf could now be at risk due to a steep decline in regional oil rev ... »
31 Aug 2009
National Iranian oil company banned to ship in country's Caspian ports
Leaders of the Amirabad port in northern Iran banned two vessels carrying petroleum products, to dock at the port. They claim that the oil company owed the Customs Administration $110 million, the Mehr news agency reported.
... »
31 Aug 2009
Port Qasim witnesses brisk shipping activity
Brisk shipping was recorded at the Port Qasim (PQ) where five ships scheduled to load/offload containers, 16,027 tonnes cement, 10,500 tonnes palm oil and 66,415 tonnes furnace oil were accommodated berths a ... »
31 Aug 2009
CentrePort trade up on exports
Wellington port's annual container volumes rose 4 per cent in the year ended June. CentrePort said containerised exports rose 10 per cent, with growth in general cargo volumes,
forestry, seafood and scrap metal. Offsetting that was a nil increase ... »
31 Aug 2009
Horizon Lines Participates in Anti-Piracy Testing
Horizon Lines, Inc., the nation's leading domestic ocean shipping and integrated logistics company, recently participated in two separate anti-piracy system trials in an effort to better protect the li ... »
31 Aug 2009
U.S. plans land-based UAV patrols to combat piracy
U.S. officials plan to use MQ-9 Reaper unmanned aerial vehicles to patrol the Indian Ocean as a way to combat piracy in the region. About 75 U.S. military personnel and civilians will be headed to the Seychelles islands in the coming weeks ... »
31 Aug 2009
Maersk results reveal market rates have fallen further than shipping demand
Maersk Line has suffered a 30 per cent decrease in ocean freight rates, while volumes have only fallen by 7 per cent year on year in the firs ... »
31 Aug 2009
Crowley Maritime Corp. plans $800 million shipping fleet expansion
While other shipping companies pull back on new vessel building, Crowley Maritime Corp. plans to spend $800 million on its fleet over the next five years.
The move reflects the confidence of the Jacksonville c ... »
31 Aug 2009
Barclays Creates Shipping Arm to Support Oil Deals
Barclays Capital, the investment banking division of Barclays Bank, said on Thursday it has created a shipping division called Pendle to support its physical oil trading operations.
An industry source said Pen ... »
31 Aug 2009
Clarkson releases Unaudited Interim Results for the 6 Months Ended 30 June 2009
Clarkson PLC (‘Clarksons’) is the world’s leading shipping services group. It has 20 offices on five continents whose services and expertise facilitate the efficient functioning of global seaborne trade. Summary
• E ... »
31 Aug 2009
Boiler safety and low sulphur fuels
Lloyd's Register has issued the following guidance note on maintaining boiler safety and availability when using low-sulphur fuels. Environmental regulations will require main and auxiliary boilers to change from standard he ... »
31 Aug 2009
Best Management Practices re piracy in GoA and off Somalia
An updated version (Version 2 dated August 2009) of the Industry Best Management Practices (BMP) re piracy in the Gulf of Aden off Somalia has just been released today to the shipping industry.
The updated BMP are of particular importance and urg ... »
30 Aug 2009
Shell, Gunvor win Rosneft spot Sept tender-traders
Russian state oil major Rosneft has sold seven 100,000-tonne Urals crude URL-NWE-E cargoes from the Baltic Sea port of Primorsk for loading in September to Shell and Gunvor, traders said on Friday.
One trader said cargoes were apparently placed b ... »
30 Aug 2009
Vale may built a 5mln-ton steel plate mill in Southeast Brazil
The world's largest iron ore producer, Vale will sign an initial agreement with Espírito Santo government, to set up a 5mln-ton steel plate mill there, and it is expected the investment ... »
30 Aug 2009
China seeks a new iron ore negotiation mechanism
China's steel industry signed a high profile price cut agreement with Australia's Fortescue Metals Group Ltd (FMG), avoiding Rio Tinto and BHP Billiton. This shows China's intention to break the ... »
30 Aug 2009
Baoshan Steel Says First-Half Profit Plunges 93%
Baoshan Iron & Steel Co., China’s biggest steelmaker, said first-half profit plunged 93 percent because an economic slowdown curbed demand from automakers and shipbuilders.
Net income fell to 669 million yuan ($98 ... »
30 Aug 2009
Iron-ore pricing heading towards greater transparency - BHP Billiton
Iron-ore pricing is heading towards greater transparency, BHP Billiton CEO Marius Kloppers said last week. Kloppers told journalists in Johannesburg that steel-pricing dynamics had changed towards shorter contracts.
In the seventies, many product ... »
30 Aug 2009
Dublin Port injunction against strikers
Dublin Port Company has sought and obtained a High Court injunction against named individuals and associated parties protesting at Marine Terminals. Workers at the Mari ... »
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