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Worldwide Container Shipping news - Archive 2010, 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 2010
South Korea iron ore import slides during 11 months
According to the statistics, South Korea imported 4.334 million tonnes of iron ore in November 2009 and the import during the first eleven months totaled 38.5 ... »
31 Jan 2010
China's imported iron ore stocks inch down this week -Mysteel
Imported iron ore inventories at China's major ports fell 90,000 tonnes this week to end at 67.33 million tonnes, industry consultancy Mysteel said.
... »
31 Jan 2010
Steel Ministry seeks 20% duty on iron ore exports
The Steel Ministry is believed to have sought a 20 per cent duty on iron ore exports to discourage its shipments, which are primarily channelised to China, as part of its Budget recommenda ... »
31 Jan 2010
Steel Imports Declined Almost 50 Percent in 2009
U.S. imports of steel saw their worst year since 1991 in 2009, falling 49.3 percent from the year before, said the American Institute for International Steel.
Imports inched up 1.3 percent in Decembe ... »
31 Jan 2010
India: Government may divest only 10% stake in Coal India
State-run Coal India today said the government may divest only 10 per cent stake in the PSU in the next fiscal, against the desired 15 per cent, as regulatory provisions bars it from reserving some shares for ... »
31 Jan 2010
MoU signed to explore iron ore deposits
A Memorandum of Understanding (MoU) was signed today between the National Mineral Development Corporation (NMDC), ... »
31 Jan 2010
Bulk buying
Demand for commodities rocketed as prices fell and investors sought hard assets as a currency and inflation hedge. But what is the short-term outlook fo ... »
31 Jan 2010
China's MIIT supports CISA and CCCMC in negotiations with overseas corporations
Zhu Hongren, spokesman for China's Ministry for Industry and Information Technology (MIIT) has made a statement against the background of the iron ore contract price talks for 2010. The statement is as follows ... »
31 Jan 2010
India's steel firms show robust Q3 growth
As expected all the base metal mining companies across the world are performing well in Q3 which resulted in their profits soaring to new highs.
This week, Tata Steel has come ... »
31 Jan 2010
BHP's hardball tactics could rebound
WHEN BHP Billiton chief executive Marius Kloppers flew to China last week he was expected to try to placate officials who are overseeing iron ore negoti ... »
31 Jan 2010
Commodity Trends: No takers for India wheat
Indian wheat products are finding no takers in the global market because of the high domestic prices, which has even prompted the Prime Minister to call a meetin ... »
31 Jan 2010
Iron ore prices set to rise 50%
Iron ore prices seem to be going the coking coal way. Thanks to a surge in Chinese demand, rates are likely to remai ... »
31 Jan 2010
SOCAR terminal gets a tug in the right direction
In Georgian Kulevi, a terminal owned by the State Oil Company of Azerbaijan (SOCAR) has bought a tug to receive Aframax oil tankers.
The Black Sea Terminal (BST) t ... »
31 Jan 2010
Kuwait: Building transport and logistics hubs in GCC
Kuwait is stepping up efforts to position itself as one of the main transport and logistics hubs in the Gulf and the Middle East, investing heavily in new infrastructure to mee ... »
31 Jan 2010
Port of Long Beach celebrates five years of environmental leadership
The Port of Long Beach has announced it is celebrating five successful years of the Green Port Policy and environmental leadership this month.
... »
31 Jan 2010
Vizag port draft deepening work apace
The Visakhapatnam port has handled 53.5 million tonnes of cargo till Tuesday, 1.5 million tonnes more than last year, according to the Chairman, Mr Ajeya Kallam.
... »
31 Jan 2010
Jacksonville port seeks deepening speedup
The Jacksonville Port Authority and its allies are ramping up pressure on the U.S. Army Corps of Engineers to speed the deepe ... »
31 Jan 2010
DP World-operated Saigon Terminal officially opened
Celebrations yesterday marked the official opening of DP World-operated Saigon Premier Container Terminal (SPCT) in Ho Chi Minh City, Vietnam.
Attending the event were DP World Chairman His Exc ... »
31 Jan 2010
NYK Hikes Trans-Atlantic Rates
NYK Line will be implementing a general rate increase in its trans-Atlantic services from the U.S. and Canada to and from all locations in Western Europe as of Marc ... »
31 Jan 2010
Shenhua,China Shipping Development To Inject CNY4.6 Billion In JV
China Shenhua Energy Co. (1088.HK) and China Shipping Development Co. (1138.HK) said they plan to inject cash totaling CNY4.60 billion (US$672.8 million ... »
31 Jan 2010
'Fragile' Recovery Seen for Transport Industry
Slow economic growth and uncertainty about oil prices will hobble U.S. transportation companies recovering from the recession, S ... »
31 Jan 2010
Panama Canal expansion to cut China shipping costs
Chinese toys and sneakers headed to Wal-Mart Stores Inc. and Target Corp. on the US East Coast may bypass Warren Buffett’s $33.8-billion railway as the expansion of th ... »
31 Jan 2010
UN: Anti-piracy Measures Help In Bringing Down Successful Pirate Attacks
Anti-piracy measures have contributed considerably in bringing down successful pirate attacks off the Somali coast, said a senior official linked to the UN-backed EU anti-piracy m ... »
31 Jan 2010
Hijacked Cambodian cargo ship no pirate attack: official
A hijacked Cambodian cargo ship is being held off Somalia's Berbera port by businessmen owing to a deal which has gone sour and not pi ... »
31 Jan 2010
Essar Shipping net jumps on ports, oilfields biz
Sea logistics firm Essar Shipping Ports & Logistics Ltd's Oct-Dec net profit jumped 69 percent helped by strong growth in ports and oilfields businesses.
Profits jumped to 220 m ... »
31 Jan 2010
Dubai shipping firm sees net profit sink by 82%
Shipping company Gulf Navigation Holding on Sunday announced net profits of AED26.5m in 2009, an 82 percent drop compared to AED148.2m in th ... »
31 Jan 2010
Watchkeeper: The value of ships
As has been frequently demonstrated, major emergencies demonstrate the value of ships, and they do not get much worse than the terrible earthquake that wrecked Port au Prince, Haiti ... »
31 Jan 2010
Qatar Shipping, Qatar Navigation announce Board decisions to proceed with merger
Qatar Navigation Company Q.S.C. and Qatar Shipping Company Q.S.C. announced that the Boards of Directors of the two companies have approved moving forward wit ... »
31 Jan 2010
Clean tanker rates mostly higher, Med slightly down
Clean petroleum tanker rates on top global export routes were mostly higher, with major routes rising and slight gains emerging in short-tonnage activity.
"The Eastern markets remaine ... »
31 Jan 2010
Asset prices hit by supply overhang
A SUPPLY overhang in the transport industry is depressing asset prices, even as global economies begin to show signs of recovery.
Wolfgang Driese, chief exec ... »
31 Jan 2010
Freight rates to see recovery this year
Of late, a rebound in global container freight rates has been observed on different shipping routes. Spot rates and earnings for crude oil ... »
31 Jan 2010
Nigeria: 'Thailand Exports 1 Million Tonnes of Rice Annually'
Thailand exports about 1 million tonnes of rice to Nigeria annually, the Chief Executive Officer of CP group, (a Thai Agricultural company) Piasil Damrongchietanon has said.
Speaking yesterday in Abuja w ... »
31 Jan 2010
Eskom coal stockpile now stands at 36 days
Eskom had built up its coal stockpile to an average of 36 days and planned to achieve its 42- day target before the Soccer World Cup and the onset of winter, the utility’s head of power generation, Brian Dames, said yesterday.
A sho ... »
31 Jan 2010
Real demand to help European steel pickup -Eurofer
Rising real demand for steel, not just restocking after the crisis, will drive some sectors of the European steel market in 2010 and overall volumes should rise by some 5-10 percent, the presi ... »
31 Jan 2010
Mumbai offshore box terminal may be delayed
The Rs 1,228-crore offshore container terminal at the Mumbai port is expected to be delayed at least by two years. The foreign partner in the consortium setting up the terminal quit sel ... »
31 Jan 2010
Phnom Penh's port aims for 26pc revenue growth in 2010
PHNOM Penh Autonomous Port will maintain a recovery into 2010 with projected 26 percent revenue growth, the facility's director general, Hei Bevy said, as it cont ... »
31 Jan 2010
New Container Terminal in Northwest Russia orders Klamar container handling equipment
Cargotec has received an order for 12 Kalmar TR618i terminal tractors and one Kalmar DCF 90-45E7 empty container handler from the newly-built Container Terminal at the Seaport of St Petersburg.
The order was booked in the ... »
31 Jan 2010
Resolve Marine Group Specialists Respond to an Implosion on a Ship
A concerted response by technical experts from US Coast Guard (USCG), New York City Fire Department (FDNY) and Resolve Salvage & Fire (Americas), Inc. averted the risk of a toxic material release from a chemical carrier anchored in Gravese ... »
31 Jan 2010
Equipment stolen from BP tanker
Robbers have allegedly stolen a liferaft and two immersion suits from a BP tanker. The 106,070 dwt Aframax 'British Holly' ship was anchored in Manila Bay , off the island of Luzon, Philippines, when the crew spotted wet footprints on deck at about 1 ... »
31 Jan 2010
Vessel delivery and long-term financing
"Far Shogun" (AHTS UT731CD) has been delivered from STX Norway Offshore AS, Langsten, to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA. The vessel will trade the spot market in the North Sea.
A long-t ... »
31 Jan 2010
Modern Piracy - Response of the International Community
The European Commission decided in 2008 to analyse possible and known threats to Europe and its population as part of an extensive programme. The results of these analyses are to provide the required information to deduce the necessary consequences t ... »
30 Jan 2010
China's December finished steel exports hit monthly high for 2009
In December, China's finished steel exports totaled 3.33 million mt, up 163,800 mt or 5.17 percent year on year, posting a monthly high for 2009, and totaling a value of $2.54 billion,
down $1.39 billion or 35.35 percent compared ... »
30 Jan 2010
Weakened Steel: Global recession takes toll
For steel traders, the times are undeniably bad. When asked to describe the market for steel, a Hou ... »
30 Jan 2010
Q3 results show big leap for base metal miners
Even as the base metal companies came up with their Q3 results in the past 15 days, one thing has emerged very clear — from a global doom the base metal scenario has witnessed a boom now.
This is evident from the results of several m ... »
30 Jan 2010
Peabody Energy Board of Directors Approves 1 Million Ton-Per-Year coal Expansion
The Board of Directors of Peabody Energy approved the upgrade and expansion of the Metropolitan Mine in New South Wales, Australia.
The expansion is expected to increase capacity by 1 million tons within
several years. Capital in ... »
30 Jan 2010
Nippon Steel Joins Japanese Rivals in Indian Auto Steel Push
Nippon Steel Corp. followed its two largest Japanese rivals in forging Indian automobile steel ventures to tap surging demand in Asia’s third-biggest car market as domestic sales decline.
Nippon Steel, the world’s second-lar ... »
30 Jan 2010
Bhushan Steel Q3 net surges nearly eleven-fold to Rs 227.43 cr
Steel maker Bhushan Steel on Friday said its net profit surged nearly eleven-fold to Rs 227.43 crore for the third quarter ended December 31, 2009, over the same period last fiscal.
Net sales increased to Rs 1,429 crore for the ... »
30 Jan 2010
International Coal Group Reports Fourth Quarter and Full Year 2009 Results
"We enter 2010 with positive momentum despite the general weakness in the global economy," said Ben Hatfield, ICG's President and CEO. "Both Adjusted EBITDA and m ... »
30 Jan 2010
JSW Steel pursuing global coal mining assets
India's third-largest steel maker JSW Steel Ltd is aggressively pursuing coal mining assets in Australia, the United States, Canada, Russia and Mongolia, executive director Tuhin Mukherjee said on Friday.
"We are actively looking for good qu ... »
30 Jan 2010
Beijing to build 5 coal reserve bases
Beijing will soon release its plans for local coal reserve bases, which will likely be built in Changping, Fangshan, Miyun, Daxing and Shunyi, according to the Beijing Development and Reform Commission.
The scale of ... »
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