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Worldwide Container Shipping news - Archive 2010, February
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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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26 Feb 2010
China imports of Australian, Brazilian iron ore drop in Jan
A sharp decline in shipments from Australia and Brazil accounted for most of the 33 percent drop i ... »
26 Feb 2010
Russia to Expand Wheat Trade Share as Exports Rise
Russia, the world’s third-largest wheat exporter, plans to increase its share of global trade as the country’s exports may advance by as much as 32 percent over the next fiv ... »
26 Feb 2010
Global wheat output may dip sharply this year: FAO
Global wheat output is likely to decline sharply this year because of lower acreage under wheat as farmers shift to other crops due to poor prices driven by high carryover stocks, ... »
26 Feb 2010
Nippon Yusen and Yusen Air & Sea Service Execute LOI for Integration of Logistics Businesses
Nippon Yusen Kabushiki Kaisha and Yusen Air & Sea Service Co., Ltd. have been in discussions toward the reorganization and integration of the logistics businesses of the two comp ... »
26 Feb 2010
Confidence Growing Slowly In Freight And Shipping Circles
The shipping industry has been depressed for so long now that the only hopeful mantra heard lately has been that freight levels must have bottomed out. As the figures creep in it would app ... »
26 Feb 2010
Container Shipping Firms to Raise Freight Rates on Asia-Europe Routes
With cargo loading rates reaching as high as 100% and 110%, Taiwan`s leading container shipping firms, i ... »
26 Feb 2010
MSC Hikes Eastbound Trans-Atlantic Rates
Mediterranean Shipping Company announced Thursday a general rate increase on exports from North America to Europe and the Mediterranean as of April 1.
As on all the major east-west trade lanes, carriers have cut ... »
26 Feb 2010
Breakbulk Carrier Transatlantic Slumps to Loss
Swedish ship-owner Transatlantic AB swung to an op ... »
26 Feb 2010
Maersk Training Centre Inaugurate the World's Most Advanced Off-Shore Supply Vessel Simulator
Maersk Training Centre is taking maritime training to a new level with the new Maersk Offshore Simulation And Innovation Centre, MOSAIC, which ... »
25 Feb 2010
European Fuel Oil Shipments to Asia Increasing 33% in March
European fuel oil shipments to Singapore will increase 33 percent in March as traders take advantage of prices in Asia that have been driven higher by the region’s acce ... »
25 Feb 2010
Asia Iron Ore-Mkt rife with talk of India deals at $140/t-$143/t
India's iron ore trade abounded with talk of deals done at $140-$143 a tonne, a level last seen in 2008, but confirmed deals were concluded ... »
25 Feb 2010
Japan's steelmakers refuse BHP's asking for a rise in coking coal price
According to Japan's economy new report, for BHP Billiton's proposal requesting ... »
25 Feb 2010
Iron Ore Traders Bet on 'Tipping Point' in $200 Billion Market
Sitting at his desk on ICAP Plc’s dealing floor in London, iron ore broker Andy Strickland is plotting how to get busin ... »
25 Feb 2010
Rising input costs push the MEPS global price upwards in February
US customers are cautiously optimistic that consumption will grow for seasonal reasons in the spring. At present, the supply/demand balance for strip mill products is relatively tight, with s ... »
25 Feb 2010
China's large scale coal enterprises see profits decline in 2009
As announced by the China Coal Industry Association, the overall profits of larg ... »
25 Feb 2010
Thai miner Banpu Q4 net profit down, above forecasts
Banpu, Thailand's top coal miner, reported a smaller-than-expecte ... »
25 Feb 2010
Platts Mulls Daily Coking Coal Price Data for China, Australia
Platts, a provider of energy and metal data, is studying the publication of daily cash prices for coking coal shipped from Australia to China.
Platts is seeking industry feedback, it sai ... »
25 Feb 2010
China Coal Energy sees raw coal output up 43.9 pct in Jan.
China Coal Energy Co. Ltd. produced more than 10.49 million metric tons (tonnes) of raw coal in January, 43.9 percent beyond the 7.29 millio ... »
25 Feb 2010
Coal prices accelerate decreasing on seasonal factors
According to the sources from Qinghuangdao Port, the coal prices continued falling. Take Shanxi high-quality mixed coal price as example, it decreased by 40 yuan per ton or 5.23% a week before Spring Fes ... »
25 Feb 2010
S.Korea POSCO says to raise stainless steel prices
South Korea's POSCO, the world's No. 4 steelmaker, said on Thursday it would raise prices of its stainless steel products by up to 3.2 percent for those to ... »
25 Feb 2010
ArcelorMittal South Africa Seeks Coal, Iron-Ore Deals
ArcelorMittal South Africa Ltd. has set aside funds on its balance sheet as it seeks to buy coal and iron ore mines, Chief Executiv ... »
25 Feb 2010
China's hunger for copper continues
Even though China stockpiled huge quantity of copper in 2009, the country is still short of the metal as it has chartered its growth path for the coming years with a lot of construction activities. ... »
25 Feb 2010
Wheat Prices May Slump on Harvests, Stockpile Release
Global wheat prices may plunge 14 percent in the next few months as new harvests enter the market, or sooner if Russia releases its stockpiles, the nation’s second-largest e ... »
25 Feb 2010
Coal inventory surges at Chinese ports
Coal inventory at Chinese ports has surged recently. From February 9 to February 23, inventory at the northeastern port of Qinhuangdao rose from 5,460,000 mt to 6,975,000 ... »
25 Feb 2010
More VLCC'S in Rotterdam - Far East fuel oil trade
VLCC’s found greater employment moving fuel oil from the Port of Rotterdam (POR) to the Far East in 2009 than in 2008. In 2009, 17 VLCC’s handled 4.0 millio ... »
25 Feb 2010
TAL International Group, Inc. Reports Fourth Quarter 2009 Results
TAL International Group, Inc., one of the world's largest lessors of intermodal freight containers and chassis, today reported results for the fourth quar ... »
25 Feb 2010
India: Low turnaround time at ports undermine India's competitiveness
The average turnaround time of major Indian ports continue to be way below the desired average, un ... »
25 Feb 2010
Panama Canal Authority earns award for transparency
For the second year in a row, the Panamanian Public Institutions Integrity Index ranked the Panama Canal Authority (ACP) as the most transparent public institution in Panama for 2009. Out of 31 participating organiz ... »
25 Feb 2010
Singapore: Mixed response to shipping tax breaks
The various tax incentives for the maritime sector were met with a mixed response from industry players, ho ... »
25 Feb 2010
Grupo TMM Reports Fourth-Quarter and Full-Year 2009 Financial Results
Grupo TMM, S.A.B., a Mexican intermodal transportation and logistics company, reported yesterday its financial results for the fourth quarter and full year of 2009. MANAGEMENT OVERVIEW
Jose F. ... »
25 Feb 2010
Cosco, Container Lines to Raise U.S.-Asia Cargo Rates
China Cosco Holdings Co., Hanjin Shipping Co. and eight other shipping companies plan to raise rates for hauling containers to Asia from the U.S. in a bid to end losses on transpacific routes ... »
25 Feb 2010
Frost & Sullivan: Ballast Water Treatment to Soar Into the Billions over this Decade
The Ballast Water Treatment is attracting excessive interest from innumerable water-concerned companies worldwide. Having already received resoun ... »
25 Feb 2010
Tanker rates poised for hike: report
The world tanker market stands to benefit if an improving economy and declining oil inventories prompt the Organization of the Petr ... »
25 Feb 2010
REACH: the next step in controlling chemicals
In June 2007 the European Union implemented legislation called “Regulation Evaluation and Authorisation of Chemicals” (REACH). Any ... »
25 Feb 2010
IMO Seeks Emission Cuts for Emerging-Nation Ships
Emissions from shipping would fall about 20 percent as early as 2012 under proposed rules for 169 nations, the secretary general of the United Nation’s Inter ... »
25 Feb 2010
Magsaysay tanker operator seeks tax incentives from BoI
MAGSAYSAY-LED Sumilon Island Tankers, Inc. is seeking tax perks from the Board of Investments (BoI) for the operation of an oil tanker, a government noti ... »
25 Feb 2010
"Zim won't make it"
Igal Dafni, who built Zim's business in the East until he fell foul of Idan Ofer, says mismanagement, not the global crisis, is to blame for the shippi ... »
25 Feb 2010
Indian Cargo Vessel Seized by Somali Pirates
Ecoterra International reports that a motorized sailing vessel, ABDUL RAZAK with 9 crew of Indian nationals, was captured by Somali sea-shifta or pirates.
Marine ... »
25 Feb 2010
Two crewmen of Taiwanese vessel die during Somali hijacking: MOFA
Two crewmen -- an Indonesian and a Chinese national -- of a Taiwanese fishing vessel hijacked by Somali pirates t ... »
25 Feb 2010
'Osprey Boxer' joins a growing fleet
Osprey Shipping Ltd, based in Newcastle and Bristol UK, has taken delivery of the new tug ‘Osprey Boxer’ from Damen Shipyards.
The tug is p ... »
25 Feb 2010
Moody's: Stable Outlook For Global Shipping Industry, But Recovery Hampered By Oversupply
The fundamental credit outlook for the global shipping industry is stable, reflecting the fact that conditions are unlikely to deteriorate further in the sector, says Moody's In ... »
25 Feb 2010
Condition Monitoring of Marine Machinery: Lloyd's Register presents new industry guidelines
Speaking yesterday at the Cyprus Marine Technology Conference, onboard the cruise ship Thomson Spirit in Limassol, Chris Holland, Lloyd’s Register’s Conditi ... »
25 Feb 2010
Commodity Investor Demand May Wane on Economy, Allianz Says
Investment demand for commodities, especially metals, may wane in the next three months because of concerns that the global economic recovery may be slower than expected, ... »
25 Feb 2010
Bahrain chosen as key regional transport hub
Bahrain has been chosen as a key regional hub for the transhipment of dangerous goods in the Middle East.
The demand for ... »
25 Feb 2010
Low visibility freezes navigation
Kuwait Ports Authority said yesterday that navigation was on a stand still due to l ... »
25 Feb 2010
Work stoppage at Venezuela's busiest cargo port
Dozens of businesses providing services for Venezuela's busiest cargo port have halted their activities, inclu ... »
25 Feb 2010
Port of Tauranga profits up despite freight decline
Port of Tauranga, New Zealand's biggest export port, posted a 2 per cent gain in first-half profit by reining in costs as freight volumes fell, eroding revenue.
Ne ... »
25 Feb 2010
More Russian ships heading to Gulf of Aden to combat piracy
The Russian Pacific Fleet has sent more ships to the Indian Ocean to protect civilian vessels from pirate attacks in the Gulf of Aden.
The large anti-submarine ship ... »
25 Feb 2010
January Suez Canal traffic up year-on-year
There was an increase in traffic through the Suez Canal in January compared to the same month last year. Statistics released by the Suez Canal Authority showed there were 1,418 vessel transits l ... »
25 Feb 2010
Cosco Shipping faces $39m grounding fine
The Guangzhou-headquartered heavylift specialist of the COSCO Group faces a heavy fine from Norwegian authorities following a grounding last year. The 26,800 dwt Full City (pictured), belongi ... »
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