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Worldwide Container Shipping news - Archive 2010, 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 2010
Chinese Imports of Saudi Oil Will Rise 19% This Year to 50 Million Tons
China’s imports of oil from Saudi Arabia, the world’s largest crude exporter, will increase 19 percent in 2010 f ... »
30 Sep 2010
Iron Ore-Index at 3-week top, new China measures may weigh
Iron ore spot prices rose to a three-week high, with forward swaps also gaining on improved sentiment in anticipation of a recovery in demand from top buyer China.
But fresh propert ... »
30 Sep 2010
China Coal Prices Rise First Time in 4 Months as Weather Hampers Delivery
Coal prices at Qinhuangdao, a Chinese benchmark, rose for the first time in four months as bad weather hampered supplies and power stations replenished inventories depleted during summer.
... »
30 Sep 2010
Japan's August LNG Import Costs Rise 31% After Crude Oil Prices Increase
Japan, the world’s biggest importer of liquefied natural gas, paid 31 percent more for the fuel in August from a year earlier as crude oil prices climbed.
Prices for delivere ... »
30 Sep 2010
US oil imports from Saudi, Mexico down, Canada up
U.S. crude imports fell last week as less oil rea ... »
30 Sep 2010
CISA suggests iron ore prices and steel prices linked
The China Iron & Steel Industry Association (CISA) suggested that iron ore prices should be linked to steel prices instead of iron ore indexes.
Shan Shanghua, secretary general of CISA, ... »
30 Sep 2010
Price volatility has started to take hold in the developing markets
In the Russian Federation, shipments to domestic customers have continued to exhibit signs of improvement. However, sales volumes remain 15 to 20 percent b ... »
30 Sep 2010
Steel,Iron Ore Demand Growth Dependent On China
Emerging market demand for steel and iron ore will be the main drivers in the coming years, with China the most important, analysts said Thursday. For iron ore, "global demand growth is ... »
30 Sep 2010
Over-the-counter prices mixed, look-alike coal sees near-term gains
Over-the-counter coal prices varied through Wednesday's session with marginally improved volumes. Front-month November NYMEX look-alike traded as high as $64.00/st, 25 cents highe ... »
30 Sep 2010
ThyssenKrupp upbeat on steel outlook
Global demand for all grad ... »
30 Sep 2010
COMMODITIES-Copper, oil rally; commods head for strong Q3 gain
Copper rose Thursday,hitting two-year highs after strong manufacturing data inChina, the metal's top consuming country, while a weak dollarboosted commodities in general, ... »
30 Sep 2010
China set sights on Canadian iron ore
China set its resource-hungry eyes on another Canadian industry, as state-owned firm Xinxing Pipes Group Co. agreed to invest up to $1-billion into an iron ore mining project in Nunavut ... »
30 Sep 2010
Asciano extends Centennial Coal contract
Asciano Group has secured a 10 year coal haulage contract with Centennial Coal worth about $550 million. The contract is a renewal contract for Asciano subsidiary Pacific National to haul 4.5 milli ... »
30 Sep 2010
China's Coal Use to Grow by Third in Five Years, U.S. Miner Peabody Says
China's coal use will probably grow by more than a third in the next five years, said Peabody Energy Corp., the largest U.S. coa ... »
30 Sep 2010
Vale hub awaits regulatory nod
Vale, the world's largest iron ore producer, is still considering building a distribution center in China and waiting for regulatory approval as part of its plans in the country, a top company executive ... »
30 Sep 2010
Hamburg Stevedore HHLA to End Short Time
HHLA, Hamburg's biggest stevedore, will end short time schedules for dockworkers in November following an increase in container traffic at Germany's biggest port. ... »
30 Sep 2010
ICTSI defies Manila council on reclamation project
Listed International Container Terminal Services, Inc (ICTSI) will continue reclamation work at Isla Puting Bato in Manila despite a resolution by the city council declaring the operation as a violat ... »
30 Sep 2010
Brazilian Port to Undergo Expansion
Pecem Port in the Ceara state of Brazil plans to invest $1.3bn over the next six years to enhance its infrastructure. The company hopes the investment will incre ... »
30 Sep 2010
CMA-CGM Calls on Port Pipavav
APM Terminals Pipavav recently welcomed the CMA CGM Mozart marking the beginning of an important new relationship. CMA CGM is the world’s third largest container shipping c ... »
30 Sep 2010
Nigeria: Low draught hinders shipping business
While Private Terminal Operators (PTO) are groaning over the failure of the Nigerian Ports Authority (NPA) and the Lagos Channel Management (LCM) to dredge th ... »
30 Sep 2010
DP World won't be sold to cover Nakheel debt
Dubai World, the state-controlled holding company that reached a creditor agreement earlier this month to change terms on $24.9 billion of liabilities, is unlikely to sell off prized asset DP World in ongoing effort ... »
30 Sep 2010
Singapore to be a Leading Centre in Maritime Education, Training and Research & Development
The maritime education, training and Research and Development (R&D) landscape in Singapore is set to benefit from two new initiatives. The first initiative, the Si ... »
30 Sep 2010
Idle containership fleet flatten at 1.6pc or 224,000 TEU in September
The world's idle containership fleet remained at 1.6 per cent, or 128 vessels totalling 224,000 TEU in late September, despite a slackening growth i ... »
30 Sep 2010
Finance institutions boost shipping industry
China's finance institutions play an important role in boosting the development of the country's shipping and shipbuilding industries, according to bankers attending a shipping co ... »
30 Sep 2010
Stolt-Nielsen S.A. Reports Unaudited Results For the Third Quarter and First Nine Months of 2010
Stolt-Nielsen S.A. yesterday reported unaudited results for the third quarter and first nine months ended August 31, 2010. Net profit attributable to shareho ... »
30 Sep 2010
Better management practice rather than force the key to beating piracy
Between 10% and 20% of owners, operators and managers, are continuing to put their ships and crews at risk of pirate attacks off the coast of Somali ... »
30 Sep 2010
Safer shipping of dangerous goods with new tool "GL Cargo"
New chemicals and other dangerous goods bring new challenges for their safe shipment by sea. This is reflected by a new amendment to SOLAS II-2/19 “Carriage of Dangerous Go ... »
30 Sep 2010
Selective play to maximize returns in shipping sector: ICICI Sec
Broking firm ICICI Securities said the outlook and performance of the domestic shipping industry is closely tied to the global shipping industry. It recommends investmen ... »
30 Sep 2010
Tanzania: Marine sector faces understaffing as few interested in sector
The marine services in the country face a bleak future as many people are not interested in studying the profession. Information released yesterday in dare s Salaam show that the cou ... »
30 Sep 2010
Mercator Lines issues 27.78 mn warrants
Mercator Lines which is engaged in shipping and related activities today said that it has issued 27.78 million warrants carrying a right to subscribe to equal number of equity shares of Re 1 ... »
30 Sep 2010
Golden Jubilee Celebrations of Shipping Corporation of India
The Shipping Corporation of India Ltd. (SCI), a Navratna PSU, established on October 2, 1961 is completing its Golden Jubilee on October 2, 2011. The Golden Jubilee celebrations will be i ... »
30 Sep 2010
NYK firms New Zealand ties
NYK and New Zealand Steel Mining Ltd. (NZSM), one of the largest mining companies in New Zealand, have agreed to extend their current contract for an additional 15 years for the transp ... »
30 Sep 2010
European Commission: Renewed support for the Integrated Maritime Policy
The European Commission put forward its proposal for continued financial support to the EU's Integrated Maritime Policy, established in 2007, for the period between 2011 a ... »
30 Sep 2010
Cotton Is 'Overbought,' May Drop 11%, Steel Vine Says: Technical Analysis
Cotton futures may be headed to an 11 percent decline, ending a rally that sent prices to a 15-year high, according to a technical analysis by Spencer Patton, the chief investment officer ... »
30 Sep 2010
French Fos-Lavera strike blocks 24 oil vessels-port
A French rolling port strike at the country's strategic Fos-Lavera oil hub near Marseille entered its fourth day on Thursday, blocking a total of 24 oil tankers, the port author ... »
30 Sep 2010
Port of Brisbane Expansion Continues
Construction is about to begin on the newest container wharf at the Port of Brisbane. Brisbane-based construction company, Smithbridge Australia, will build t ... »
30 Sep 2010
GAC teamwork makes light work of heavy lift
At 745 metric tones, the reactor unit was a big load for the crane loading it onto a SAL-heavy lift vessel at Dubai’s Jebel Ali port and it took two hours to load. But that was just one of t ... »
30 Sep 2010
South Africa's Transnet to expand RBCT port
South Africa’s logistics group, Transnet, said on Wednesday that it would this year complete a study to expand the Richards Bay Coal Terminal (RBCT) and another port use ... »
30 Sep 2010
Houston port signs $340,000 contract to get more traffic from Asia
Houston's port authority has signed a $340,000 two year contract with Singapore-based shipping agency Ben Line Agencies Limited to promote trade between Asia and Houston.
... »
30 Sep 2010
ZIM unveils new Vietnam-to-Israel/Europe service
Israel's ZIM Integrated Shipping Service Services Ltd (ZIM) has inaugurated a new shipping service from Vietnam to Israel and Europe. ZIM's upgraded Asia–Mediterra ... »
30 Sep 2010
Australian Regulator Ready to Rule on BHP, Rio Iron-Ore Venture
Australia’s competition regulator has all the information it needs to rule on the planned iron-ore venture of BHP Billiton Ltd. and Rio Tinto Group, handing the timing o ... »
30 Sep 2010
ILA Ends NY-NJ Work Stoppage
The two-day work stoppage at the six container terminals in the Port of New York and New Jersey ended early Wednesday afternoon when the Philadelphia ILA local ... »
30 Sep 2010
Vietnamese government approves Japanese port venture
Vietnamese Deputy Prime Minister Hoang Trung Hai has approved Vietnam National Shipping Lines (Vinalines) to set up a joint venture with three Japanese co ... »
30 Sep 2010
State-owned Shipping Corporation of India, or SCI, has taken delivery of two Long Range product tankers -- one LR1 and one LR2 tanker -- the company said in a filing to the Bombay Stock E ... »
30 Sep 2010
Rental rates for shipping Middle East crude oil to Asia, the world’s busiest route for supertankers, remained unprofitable for a 26th session because of a surplus of ships ... »
30 Sep 2010
The Panama-flagged MV ASPHALT VENTURE is confirmed to be pirated in the Somali Basin, approximately 100 nautical miles South-East of Dar es Salaam in the Somali Basin
Th ... »
30 Sep 2010
A Kenyan court on Wednesday jailed 11 Somalis for five years each for piracy on a Liberian-flagged merchant ship in the Indian Ocean last year. The men attacked the Sa ... »
30 Sep 2010
Knightsbridge Tankers Limited announced yesterday the pricing of its previously announced underwritten public offering of 4,250,000 common shares at a price of $19.00 per share. The common s ... »
30 Sep 2010
Iran exports first shipment of petrol: oil official
A top Iranian oil official said the fuel-hungry nation has exported its first shipment of domestically made petrol, three weeks after declaring it could now make enough to satis ... »
30 Sep 2010
CISA moves to trim ore imports
China's iron ore imports this year will not exceed last year's, with domestic ore production touching 1.1 billion tons, the China Iron and Steel Association (CISA) said.
Shan Shanghua, secretary-general of ... »
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