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Worldwide Container Shipping news - Archive 2009, September
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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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30 Sep 2009
BP, Shell win Rosneft spot Oct 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 October to BP and Shell, traders said.
Markets sources said cargoes were likely placed at around Dated ... »
30 Sep 2009
US coal supply rises 0.7 pct - Genscape
Coal supplies at U.S. power plants rose 0.7 percent this week from last week and were 25.2 percent greater than the same week of 2008, Genscape said Tuesday.
Generators had 180.8 million tons of coal on hand, compared with 179.6
million tons las ... »
30 Sep 2009
EU says war on Somali pirates not over
Hulking gray naval frigates fanned out across the Gulf of Aden have combined with monsoon storms to sharply reduce pirate attacks in the world's busiest shipping lanes in recent weeks.
But the commanding officer of the European Union armada warne ... »
30 Sep 2009
Shipping services resume in South China strait
Shipping services resumed in south China's Qiongzhou Strait Wednesday noon, after a 52-hour suspension due to Typhoon Ketsana. Full services began at 11:40 a.m., the Haikou Maritime Affairs Bureau said.
Passenger craft at ri ... »
30 Sep 2009
Hapag-Lloyd's Owners Will Provide 1.86 Billion Euros in Aid
The owners of Hapag-Lloyd AG will give 1.86 billion euros ($2.7 billion) to the container-shipping company as part of a rescue package comprising cash injections, loans and credit guarantees.
The financial help for Hapag comprise ... »
30 Sep 2009
Evergreen and CSCL further unite by merging Asia-PNW loops
Evergreen and China Shipping have further united their efforts by merging their two transpacific services today September 30 into a single loop, joining Evergreen's UAM pendulum string and CSCL's ANW 1 into a single Asia-Pacific No ... »
30 Sep 2009
World-Link Communications Launches ShipSat
World-Link Communications announced the availability of its ShipSat service, a broadband IP solution that integrates Ku VSAT and Inmarsat’s L band services. ShipSat,
for a flat monthly fee, delivers global IP access, least-cos ... »
30 Sep 2009
CMA CGM heads to Korea for funding
French liner CMA CGM, stuck with one of the largest containership orderbooks in the world, has had to get creative to finance all the new ships. It has just reached agreement on the establishment of a committee comprised of French,
Europea ... »
30 Sep 2009
Pirate attacks off Somali coast rising: US Navy
The US Navy said on Tuesday that pirate attacks off the coast of Somalia have recently increased. There have been four attempted attacks on motor vessels in the Gulf of Aden since September 19,
bringing the total number of pira ... »
30 Sep 2009
Maersk Plans Major Changes on Trans-Atlantic
Maersk Line is making some major changes in its trans-Atlantic services. The world’s largest ocean container carrier will begin notifying customers in October of the rates and services it is planning for the trade over the next 12 months.
... »
30 Sep 2009
Intermodal Weekly Market Report Week 39
European confidence in the economic outlook increased to the highest
in 12 months in September as the economy showed signs of rebounding.
An index of executive and consumer sentiment in the 16-
nation euro region rose to 82.8, the ... »
30 Sep 2009
China coal imports to keep rising - Report
Reuters reported that the trend of rising coal imports in southern China is expected to continue as China's domestic coal production centers shift westward, increasing transportation costs.
Mr Li Jinfeng researcher with the Industrial E ... »
30 Sep 2009
Reliance's Aug crude imports at 1.22 mln bpd-trade
Crude oil imports by India's Reliance Industries, owner of the world's biggest refining complex, rose nearly 150,000 barrels per day (bpd) in August from July, with Saudi Arabia taking share from absent suppliers Venezuela, Iraq and ... »
30 Sep 2009
Coking coal prices may touch $200/tn in 2010-11
Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the Indian economy, spot prices of ... »
30 Sep 2009
Trial of suspected Somali pirates opens in Yemen
The trial of 12 suspected Somali pirates accused of hijacking a Yemeni oil tanker opened on Tuesday with the public prosecution calling for the death penalty.
The defendants are accused of forcibly capturing the tanker in April
after it set sail ... »
30 Sep 2009
Bigger fleets cut cost of transport on seas
When there was a near-tripling this year in the Baltic Dry Index – a measure of spot charter rates for ships carrying bulk commodities – the rise buoyed the spirits not on ... »
30 Sep 2009
Odfjell is well positioned in the current shipping crisis
Odfjell is a mature chemical parcel operator with the largest share of the world market of any peer operator. They are well positioned to weather the financial meltdown and current shipping market slowdown. In recent boom years, they expanded moderat ... »
30 Sep 2009
AADA rate restoration announced
The participating member lines of AADA (Asia Australia Discussion Agreement) will be implementing a rate restoration program from October 19, 2009 to all their customers in China, Hong Kong and Taiwan.
From October 19, 2009 all outward shipments ... »
30 Sep 2009
Shipping rates see reverse trend for crude, bulk carriers
Freight rates for shipping tankers and bulk carriers have seen a reverse trend in the last three weeks, as the approaching winter increases the demand for crude carriers while the rising inventory of iron ore in China dampens the requirement for the ... »
30 Sep 2009
Nordic American Tanker Shipping Ltd.: Dividend Policy Remains Firmly in Place
It is now time for me to send you a letter summarizing aspects of our current business and financial position. Nordic American is in an excellent situation in a tanker market which has declined during the last few months primarily due ... »
30 Sep 2009
Norden: Major shareholder announcement
Pursuant to section 29, subsection 1 of the Danish Securities Trading Act, NORDEN hereby announces that the Company has been informed that Kristiansands Tankrederi AS,
which holds 4,869,640 shares in Dampskibsselskabet NORDEN A/S cor ... »
30 Sep 2009
Eitzen Chemical - Proposed loan amendments approved by bondholders
Reference is made to the summons to bondholders’ meeting dated 21 September 2009 which included a proposal for amendments to the loan agreement for the FRN Eitzen Chemical ASA Callable Bond Issue 2006 / 2011.
The bondholders’ meeting ... »
30 Sep 2009
Maersk line announced two new services To/From Russia and Turkey
Maersk Israel announced last week two new shipping services to/fm Israel to Russia and Turkey which will improve the company's position vis-a-vis the Israeli shipping public.
According to Mr. Steve Felder, Managing Director of Maersk Israel ,the ... »
30 Sep 2009
RMR Rolling on
Cory Brothers Shipping Agency is delighted to announce the operation of a new route between Dublin, Ireland and Tin Can, Lagos, Nigeria.
The new monthly route commences on Monday September 28th 2009 and is
provided by RMR ... »
30 Sep 2009
Nordic action week closes after 258 inspections
The ITF Nordic week of action (21 to 25 September) closed on Friday with a total of 258 ship visits made across the 10 participating countries. Multinational teams of seafarers, dockers,
ITF workers and trade union volunteers carried out the ... »
30 Sep 2009
MOL Launches Company to Operate Container Terminal in Cai Mep, Vietnam
Mitsui O.S.K. Line, Ltd. yesterday announced that the company has received approval from the government of Vietnam to establish a new joint terminal operation company,
Tan Cang Cai Mep International Terminal Company Ltd. (TCIT)*. The new
compan ... »
30 Sep 2009
McQuilling Services, Weekly Note No. 24: VLCCs "RALLY" ON PROMPT REQUIREMENTS
In the last week, VLCC's have enjoyed a “rally” in the spot market for eastern destinations on TD 3 (260 mmt - Arab Gulf / Chiba), where the fixing rate of WS 35 rose to WS 40. This brought Time Charter Equivalent Earnings up about 90% to ... »
30 Sep 2009
India's Iron Ore Prices Gain on Higher China Demand
India’s export price for iron ore rose as much as 16 percent in the past week as customers in China replenished inventories ahead of National Day holidays, said an official of the Indian ... »
30 Sep 2009
Newcastle Weekly Coal Exports Fall; Ship Queue Rises
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 16.9 percent last week while the number of vessels waiting to load inc ... »
30 Sep 2009
S Korean plan to import Russian natural gas via N Korea on hold
Plans to import Russian natural gas through a North Korean pipeline have been shelved due to strained inter-Korean relations, the head of South Korea's state-run energy company said Tuesday.
Korea Gas Corp (KOGAS) (KSE:36460) president Choo Kang- ... »
30 Sep 2009
Tangguh set to deliver Fujian cargo
BP’s Tangguh liquefied natural gas project is due to ship out a fourth cargo in two weeks, according to Indonesia’s upstream watchdog, BPMigas.
The shipment of 150,000 tonnes (695 million cubic feet) LNG is heading
for China National ... »
30 Sep 2009
GSPC gets second cargo of LNG from Qatar to meet gas shortage
In a bid to meet the shortfall of gas supply to industries in Gujarat, state-run Gujarat State P ... »
30 Sep 2009
Asia Steel-China prices keep falling; bottom in sight
Chinese spot steel prices dropped nearly 4 percent in their sixth consecutive weekly fall, triggered by large price cuts from the country's major producers, as oversupply weighed on the domestic physical market.
Chinese steel m ... »
30 Sep 2009
Achieving steel capacity of 124 MT by 2012 doubtful
Honestly, there are not many takers for the government projection of India achieving a steel capacity of 124 million tonnes in the next three years and 150 million tonnes by 2015.
Doubts of capacity doubling in three years arise as n ... »
30 Sep 2009
Japan Oct-Dec steel output seen down 4 pct yr/yr
Japan's crude steel output is set to recover in the October-December quarter to near its year-earlier level, thanks to a pick up in the auto and construction sectors, the trade ministry ... »
30 Sep 2009
Fortescue, Facing Deadline, Continues Funding Talks
Fortescue Metals Group Ltd., Australia’s third-largest iron ore exporter, is still holding talks with Chinese lenders for $6 billion of project funding ahead of a self-imposed deadline tomo ... »
30 Sep 2009
IFRS net profit of Novorossiysk Commercial Sea Port up 52.5% to $128.9 mln in H1 09
Novorossiysk Commercial Sea Port announces interim condensed consolidated financial results (unaudited) for the six months ended 30 June 2009 in accordance with International Financial Reporting Standards (IFRS).
NCSP Gro ... »
30 Sep 2009
Drydocks World - Southeast Asia sets up Training Centre in Batam
Drydocks World - Southeast Asia Pte. Limited ("DDWDDW-SEA") is proud to announce the official opening of its Training Centre in Batam, with facilities to develop the technical skills of the local workforce.
... »
30 Sep 2009
Port of Sohar inks $200m deal
HE Maqbool Ali Sultan, Minister of Commerce and Industry and Chairman of the Port of Sohar signed three contracts together with the CEO of Sohar Industrial Port Company (SIPC) Jan Meijer, for the financin ... »
30 Sep 2009
Time for Middle East shipowners to speak out on climate change
Pressure is mounting on Middle East shipowners to join the international climate change debate on mechanisms to curb carbon emissions from shipping, says a leading maritime industry expert.
&ldq ... »
30 Sep 2009
ELAA Welcomes EC's Consortia Exemption
The European Liner Affairs Association, a trade association consisting of most of the world’s major container lines, welcomed a decision by the European Commission to extend the antitrust immunity that the EU grants for liner shipping cons ... »
30 Sep 2009
Hutton's set to open largest UK Depot
Britain’s leading ship supplier, Hutton’s, is set to open its biggest UK depot in Aberdeen next month. Hutton’s, which recently announced record sales figures, is expanding it’s Aberdeen office into a larger 13,000 sq ft (1300 ... »
30 Sep 2009
ITIC urges shipmanagers to review their liability limitation provisions
Ahead of an impending revision of the standard industry shipmanagement agreement, the International Transport Intermediaries Club (ITIC) has urged shipmanagers to limit their liability to a sum which reflects the growing proportionate gap b ... »
30 Sep 2009
More vessels expected to go into lay-up
The demand and supply imbalance in the global container shipping fleet is so severe that at least another 5 per cent of ships need to be laid up in the next six m ... »
30 Sep 2009
Shipping supply/demand imbalance to persist-Maersk
The supply and demand imbalance in shipping will persist for several years, weighing on earnings, the head of Danish shipping and oil group A.P. Moller-Maersk said. "This, combined with lower oil prices,
will put pressure on our earnings in ... »
30 Sep 2009
Bulk has not bottomed out yet: Keith Denholm
Two of Asia’s best known bulk operators and commentators have poured cold water on any immediate prospect for a recovery in the sector, while speaking at Marine Money’s Singapore conference this week.
Huxley, chief executive ... »
30 Sep 2009
IMO's Legal Committee set to discuss possible amendments of LLMC96 to increase liability limits unde
BIMCO will be present at the upcoming IMO Legal Committee meeting taking place from 5 to 9 October in London where the Committee, amongst other issues,
will discuss an Australian proposal to eventually con ... »
30 Sep 2009
Confidence growing as opportunity arises
A continuing rise in confidence levels across the shipping industry is being met by a growing awareness over new opportunities, according to the lates ... »
30 Sep 2009
Ships, Planes Should Cut CO2 by Up to 20%, Dimas Says
The European Union may propose that the shipping and airline industries reduce carbon-dioxide emissions by as much as 20 percent over the next decade as part of any new United Nations accord to fight global warming.
Ships would have to cut CO2 by ... »
30 Sep 2009
CMA CGM announces restructuring
CMA CGM reached agreement on the establishment of a committee comprised of French, European and international banks including certain major financial institutions from Asia and the Republic of Korea.
The committee will propose suitable measures t ... »
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