Worldwide Container Shipping news - Archive 2009, December

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31 Dec 2009

Sakhalin Energy Beats Targets for LNG, Crude Loading

Sakhalin Energy, Russia’s only producer of liquefied natural gas, loaded 81 cargoes of the fuel and 59 cargoes of oil, beating its targets for the year. The OAO Gazprom-led operator of the Sakhalin-2 project in Russia&rsq ... »

31 Dec 2009

Tokyo Electric strikes coal deal at $85 p/t -source

Tokyo Electric Power Co has agreed to pay about $85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the price terms said on Thursday, in a sign suppliers have regained the upper hand in price talks. Xstrata, ... »

31 Dec 2009

Prosperous year ahead for coal and steel

Steelmakers and steel exchange traded funds (ETFs) are girding themselves for a prosperous 2010 after a prominent analyst forecast higher prices for the metal. Following close behind could be coal prices, which are p ... »

31 Dec 2009

China: Steel industry condemns punitive US trade measure

The Chinese steel industry has strongly condemned a US move to slap preliminary anti-dumping duties on steel gratings imports, and is likely to appeal against the measu ... »

31 Dec 2009

Indian steel firms to hike prices in New Year

India’s SAIL, Essar and Ispat, all steel majors, are all set to hike prices by 3-4% or Rs 1,000-1,500 per tonne in January in line with rising global prices. In November, international steel prices had gone up over 5% following a rise in d ... »

31 Dec 2009

Nalco faces output fall on coal supply shortage

State-run National Aluminium Co Ltd (NALCO) could see a production loss of about 1,000 tonnes due to coal supply shortage after a machinery failure at its supplier mine, a senior company official said. Nalco, India's third-largest aluminium make ... »

31 Dec 2009

Finalisation Of The Richards Bay Minerals BBBEE Transaction

Richards Bay Minerals (RBM) and its shareholders Rio Tinto and BHP Billiton are pleased to announce the completion ... »

31 Dec 2009

Liberia set to restart iron ore production in 2011

Liberia is set to restart its ore mines in 2011 after the easing of political instability in the country, the International Monetary Fund (IMF) has said in a report on Liberia. According to the report, ... »

31 Dec 2009

2009, the year of commodities, ends with a bang

Commodity markets are on course for their strongest year since 1973, lifted by oil's biggest annual gains in a decade and a 140 percent surge in copper prices. With the Reuters/Jefferies CRB index .CRB on track for a 2 ... »

31 Dec 2009

Analysts forecast serious risk of excess steel supply and price weakness by H2-2010

Steel prices in 2009 have mirrored the global economic performance, with prices hitting lows in early Q2, before recovering through Q3. Asian prices were the first to move upwards, driven by the early adoption of the Chinese ... »

31 Dec 2009

Rising iron ore spot price augers well for miners

The cash price for iron ore delivered to China, the world's biggest buyer, rose the most in more than five months on concern exports from India will slow, boosting expectations for producers in annual price talks. The price ... »

31 Dec 2009

Commodity Prices Buoyant in Year of Crisis, Recovery

Commodity prices were surprisingly buoyant in 2009, and are expected to increase further in 2010 as world activity expands after the global crisis. At the outset of 2009, the sharp declines in prices of the previous year seemed to foretell the u ... »

31 Dec 2009

Scrap from Alang boom for steel industry

In 2009, Indian steel industry witnessed a flood of trucks from Alang, the small town in India’s Gujarat state which has the word’s biggest shi ... »

31 Dec 2009

Major expansion of port on the way

The Port of New Orleans has some major projects to look forward to in the New Year. The renovations are geared toward taking advantage of the upcoming expansion of the Panama Canal. By 2014 some of the largest ships no ... »

31 Dec 2009

Piling coal stocks forces Paradip Port to turn away ships

Paradip Port Trust is unable to accept any more coal ships in view of the huge built-up of coal stocks, more than two million tonnes, within the port premises. The limited availability of railway rakes for evacua ... »

31 Dec 2009

Small ports hit target collection, big ports fail

REVENUES from the Bureau of Customs’ (BOC) collection are showing mixed signals in December, with most of the smaller ports able to hit their respective targets, but the Port of Manil ... »

31 Dec 2009

Johor ports waiting for govt nod on plan to rationalise

Port of Tanjung Pelepas (PTP) and Johor Port, both owned by MMC Corporation Bhd, is still waiting for the government's decision on the plan to rationalise their operations. A source from PTP who refused to be named said the outcome of rece ... »

31 Dec 2009

Port of Tanjung Langsat to emerge leading chemical logistics hub

The Port of Tanjung Langsat (PTL), in Pasir Gudang, will emerge as the leading chemical logistics hub in South East Asia, given the edge it has over its competitors. Menteri Besar Datuk Abdul Ghani Othman said the port's advantages were obvious ... »

31 Dec 2009

India: Private ports to go for IPO in 2010

The year 2010 is will witness some of the private ports in India raising capital by selling shares through initial public offering. The ports that have so far decided to go through this route in 2010 include Gujarat Pipava ... »

31 Dec 2009

India's Port Capacity Expansion May Miss 2012 Target

India’s government may miss a target to add capacity at its 12 major ports as the economy grew less than anticipated and global trade slumped amid a recession, the shippin ... »

31 Dec 2009

Armada in bankruptcy protection

Armada Shipping SA says it is protected from enforcement measures by creditors after it filed for bankruptcy. According to reports the Swiss-based dry-bulk company took the action after a deal to buy the company fell through. A company ... »

31 Dec 2009

The fortunes of maritime industry in 2009

Investigations have shown that one of the major developments recorded in the nation's maritime sub-sector in the year 2009, was it re-election into the world maritime regulatory body, the International Maritime Organization. With this development ... »

31 Dec 2009

Better freight rates benefit GE shipping

GE Shipping has announced the sale of two assets of its offshore division, namely a platform supply vessel (PSV) and an under-construction platform/ROV supply vessel. And while ... »

31 Dec 2009

Eco-friendly shipping pact

Singapore on Friday acceded to an international eco-friendly shipping convention. It deposited its Instrument of Accession to the International Convention on the Control of Harmful Anti-Fouling Systems on Ships, 2001 (AFS ... »

31 Dec 2009

Shipping firms drop anchor to control carbon emissions

State-owned Shipping Corp, AP Moller Maersk, the world’s largest container line, and Bharati Shipyard are accelerating their moves to cut carbon emissions even as acrimony stalls a global climate deal, which may not be foreve ... »

31 Dec 2009

Box shipping recovery 'sooner than later'

CEO of German box shipping group Hamburg Süd said he anticipates recovery in the container shipping industry to occur ''sooner than later''. "Experts predict that sea transport capacities and cargo will only reach equilib ... »

31 Dec 2009

Floating crude, distillates storage play to be consistent theme in 2010

There is little incentive for trading companies to use large ocean-going oil tankers for storage of both crude oil and distillates, based on the current relatively flat forward price curves, tanker rates, bunker costs and huge capital outlays ... »

31 Dec 2009

Next year to be tough for container shipping

The global container shipping industry faces a tough recovery in 2010 after the decline in global trade volumes this year, according to a forecast by Business Monitor International (BMI), the London-based global indu ... »

31 Dec 2009

Feature: 2010: shipping and beyond

With the first decade of the 21st century coming to a close, it would be very tempting to look back at the “noughties” for clues about the next decade and beyond. While a deg ... »

31 Dec 2009

Taiwan November Coal Imports Fall as Inventories Drop

Taiwan, which imports all of its coal needs, reduced purchases for a second consecutive month in November as power producers drew down inventories. Shipments fell 14 percent from a year earlier to 4.58 million metri ... »

31 Dec 2009

Russian Seaborne Crude Oil Exports Scheduled to Drop in January

Russia, the world’s second-largest oil exporter, plans to reduce shipments of Urals and Siberian Light crude from four Baltic and Black Sea ports by 6.1 percent next month, according to the official loading schedule. ... »

31 Dec 2009

Total has UK LNG import buying options-South Hook Gas

Total's liquefied natural gas (LNG) import capacity at Britain's South Hook terminal allows the company to import fuel from alternative sellers and not just Qatargas 2, South Hook Gas said. South Hook Gas is a part of the Qa ... »

31 Dec 2009

Analysts forecast long and flat steel demand to be relatively low in Q1-2010

Unlike US and EU, where steelmakers finish the year generally on a major note, recession in Middle East market is going on. Demand for flat steel products stabilized in recent days at low level, as well as demand. The cost of Russ ... »

31 Dec 2009

Steel prices might witness a further increase following an increase in scrap prices

Construction sector in the UAE witnessed a massive drop in costs during the past 12 months. Prices of most materials dropped by more than half compared to 2008. Producers and distributors said they experienced a difficult year as reduced cost co ... »

31 Dec 2009

China issues 1st batch 2010 coal export quotas

China has issued its first batch of coal export quotas for 2010 at 25.5 million tonnes, expected to account for about half of total quotas for the year, trade sources said on Wednesday. China's top two coal exporters, Shenhua Group and China Nati ... »

31 Dec 2009

China crude oil output down, coal output soars

China’s crude oil output dropped in November this year while its coal output recorded a robust growth during the same period, according to country’s Industry and Information Technology Ministry. In a statement ... »

31 Dec 2009

China industry group reports 'difficult' iron ore talks

The China Iron and Steel Association has said global miners want a 20-30 percent hike in 2010 iron ore prices, complicating the tough ongoing negotiations, state media said on Wednesday. The talks ... »

31 Dec 2009

Azerbaijan prepares tender for the construction of the Baku port

The Ministry of Transport of Azerbaijan has received the first part of technical documentation for the construction of the Baku international sea trade port ... »

31 Dec 2009

Antwerp Containers Fall 16 Percent

Antwerp, Europe's second largest port, handled 16 percent fewer containers in 2009 than in 2008, losing market share to its main European rival Rotterdam for the ... »

31 Dec 2009

Panama Canal expansion plan has Gulf ports racing for potential new business

With the recession showing signs of ebbing, Gulf of Mexico ports hope hundreds of millions of dollars in expansion projects proposed before the downturn will help them capture more trade as t ... »

31 Dec 2009

Ship owners shun Nigerian ports over attacks

Ship owners and chartered vessel operators are no longer willing to allow their vessels to call at any of the  Nigerian ports for fear of attack by pirates. It was learnt that the few ones that called do so at very high freights. The ... »

31 Dec 2009

Key U.S. coal port to restart after breakdowns

Norfolk Southern Corp's Lamberts Point coal export terminal should be back in full operation by Friday, after two conveyor belt failures halted loadings last weekend, a spokesman said Wednesday. One belt was to be ... »

31 Dec 2009

Chinese admiral floats idea of overseas naval bases

A Chinese rear admiral has urged the nation to set up navy supply bases overseas in an interview posted on the Ministry of Defense website after China paid ransom to free a ship held for nine weeks by Somali pirates. China h ... »

31 Dec 2009

Ships may give piracy-prone routes a wide berth

The economic impact of piracy in the Gulf of Aden continue to hit East African region for the second year running, pushing up the cost of living significantly and robbing the region’s commodities’ competitivene ... »

31 Dec 2009

Freight traffic by "Azov-Don Shipping Company Group" in 2009 increased by 30%

In 2009 the volume of freight traffic by the Group of Companies "Azov-Don Shipping Company" according to year-end figures has increased by 30% - to more than 2 million tons compared with last year. The growth ... »

31 Dec 2009

Romania: Sailor jobs 30 pct less this year

The number of job openings for the approximately 18,000 Romanian sailors dropped 30 percent in 2009, a year when the international maritime market was seriously hit by the economic crisis, said leader of the Seafarers Free Trade Union (SLN) Adrian Mi ... »

31 Dec 2009

Australian Maritime Safety Authority, approves SSO onboard training

The approval reinforces Seagull’s proposition that onboard training is the most effective and cost-efficient way to approach shipboard security requirements. The Australian Maritime College (AMC) will represent Seagull AS in the Australia ... »

30 Dec 2009

S.Korea KOSEP says seeks 50,000T anthracite coal

Korea South-East Power Co Ltd (KOSEP) has issued a tender to buy 50,000 tonnes of anthracite coal for delivery between January 25 and March 31, 2010 to a Korean port, a tender document showed on Wednesday. The tender by the South Korean ... »

30 Dec 2009

Oil-thirsty China to raise Kuwaiti imports by 50 pct

China has agreed to raise 2010 crude imports from Kuwait by 50 percent to about 240,000 barrels per day, trade sources told Reuters, with Chinese refiners set to to process at record rates as demand rebounds strongly. The jump, w ... »

30 Dec 2009

India iron ore exports to drop 4.5% on duties hike: report

India sold 53.22mn tons of iron ore to overseas buyers in the seven months ended Oct. 31 from 44.06mn tons a year ago. India's iron ore exports may dip at least 4.5% below an earlier forecast after Government raised duties ... »

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