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Worldwide Container Shipping news - Archive 2008, April
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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 Apr 2008
Fearnleys Week 18 2008
The VLCC market maintained its momentum from the MEG and remained stable in the Atlantic. Most pundits continue to subscribe to the idea that double hull VLCCs will continue to see rates rise, particular ... »
30 Apr 2008
High steel prices make Goa a mining hub
Here is a consequence of rising global steel prices that has made even the bad quality of iron ore in India as precious as gold: tourism hotspot Goa, more known for its clean sand beaches on the edge and ... »
30 Apr 2008
China's Sinosteel set to snap up Australian miner Midwest
Australian iron ore miner Midwest said on Wednesday it had accepted an improved takeover offer from China's Sinosteel, as the resource-hungry Asian giant moves to secure raw material supplies ... »
30 Apr 2008
Rio considers working with Chinalco on bauxite
Rio Tinto Ltd/Plc could look to expand bauxite production in Australia in partnership with its biggest shareholder, Chinese aluminium giant Chinalco, the head of Rio Tinto Alcan said on Wednesday. Chi ... »
30 Apr 2008
Port sets new sugar shipping benchmark
The Port of Townsville has set a new benchmark by shipping 30 million tonnes of sugar from the region. The port has been exporting sugar since the 1800s when it bagged and handled the the highly ... »
30 Apr 2008
Queensland Coal Exports Hit by Derailments, Brisbane Times Says
Coal deliveries to two ports in Australia's Queensland state will be delayed after two train derailments yesterday, the Brisbane Times reported on its Web site. The derailment of an empty coal train on the Gre ... »
30 Apr 2008
Throughput of Commercial Port of Vladivostok up 66% to 2.09 million tonnes in Jan-Apr 2008
In January-April 2008, Commercial Port of Vladivostok increased its throughput by 66%, year-on-year, to 2.09 million tonnes (as of April 30, 2008), the company informs ... »
30 Apr 2008
Haldia dock to be shut for dredging work
Haldia dock under the Kolkata Port Trust will remain closed for nearly eight to nine days in May in two phases – first from May 12 to 15 and again from May 20 to 25 – to undertake ... »
30 Apr 2008
Tianjin launches port regulations
Tianjin Port Regulations came into effect on April 1st this year, which encourages and supports investments from domestic and international economic organisations as well as individuals in de ... »
30 Apr 2008
"K" Line ups Indian presence
Kawasaki Kisen Kaisha ("K" Line) will establish its own shipping agency in India as a joint venture together with United Liner Agencies. The new company will be known as "K" Line (India) Pr ... »
30 Apr 2008
FCI floats bids to sell 31566 tonnes of Maize
The Food Corporation of India has invited bid to sell 31,566 tonnes of maize along with other foodgrain across the country next month. An official release said that it has floated tender inviting bids for sale of ... »
30 Apr 2008
ArcelorMittal signs new long-term iron ore contracts with Vale
ArcelorMittal yesterday announced that it has signed new long-term contracts with Vale (Companhia Vale do Rio Doce) to supply iron ore and pellets to its plants in Europe, Africa and th ... »
30 Apr 2008
China fights freight premium as iron deadline looms
China's steel industry still opposes including any freight premium in iron ore prices in negotiations with Australian miners, even as pressure rises to seal a deal in the next two months. Asian ste ... »
30 Apr 2008
Mozambique says plans $900 mln ports upgrade
Mozambique plans to invest $900 million to upgrade two of its main ports as part of a drive to become a top regional shipping centre, the transport minister said on Tuesday. Transport and Commun ... »
30 Apr 2008
Daewoo, Galfar win $442 mln Oman port deal
Oman has awarded Daewoo Shipbuilding and local firm Galfar GECS.OM a construction contract worth 170.2 million rials ($442.2 million) at Duqm port, a Galfar official said on Tuesday. &q ... »
30 Apr 2008
Malaysia's Misc in JV to Make PTP Port Main Transshipment Hub
MISC Berhad (MISC) (KLSE:3816) on Tuesday said it is partnering Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) in an effort to make PTP Port the main transshipment hub in the region. Under the agreement, PTP-MISC ... »
30 Apr 2008
Panama Canal and Virginia Port Authority Reaffirm Strategic Alliance
In a strategic move, the Panama Canal Authority (ACP) and the Virginia Port Authority (VPA) reaffirmed an alliance that will help to increase growth and trade, facilitate the flow of information sharing and promote ... »
30 Apr 2008
MacGREGOR wins bulker hatch cover orders worth more than EUR 40 million
Orders secured in April for 79 shipsets of MacGREGOR hatch covers for bulk carriers have a total value of over EUR 40 million The orderbook boom in hatch covers continues and MacGREGOR – part ... »
30 Apr 2008
Kawasaki may raise profit forecast
Kawasaki Kisen Kaisha Ltd, the only major Japanese shipping line to predict a decline in profit this fiscal year, gained the most in a week in Tokyo on speculation that the company may raise its forecast. K ... »
30 Apr 2008
Private equity funds target ME offshore marine market
Driven by the strong demand for offshore service vessels across the oil and gas sector and for land reclamation projects in the Middle East, private equity funds and firms are turning t ... »
30 Apr 2008
United Arab Shipping Company launches new Asia-Europe service
United Arab Shipping Company (UASC) is expanding presence in China with a new Asia-Europe service launched and the removal of the Shanghai representative office. The new weekly AEC3 service, jointly operated by U ... »
30 Apr 2008
75% sulphur reduction achieved on cruise ship
Independent testing of the Krystallon seawater scrubber system installed on the Holland America Line (HAL) vessel Zaandam has confirmed a significant reduction in critical emissions, though not as much as what ... »
30 Apr 2008
Shipping majors come as boon
With agriculture no longer being a lucrative option in Punjab, various shipping majors scouting the region for cadets and officers to ensure profitable running of merchant navy ventures have come as a bo ... »
30 Apr 2008
Overseas Shipholding Group Reports First Quarter 2008 Results
Overseas Shipholding Group, Inc., a market leader in providing energy transportation services, yesterday reported results for the first quarter of fiscal 2008. For the quarter ended March 31, 2008, TCE revenues1were ... »
29 Apr 2008
China Can't Get A Break On Indian Iron Ore
With price negotiations with Australia's mining giants stalled, China is turning its attention to another major supplier of the iron ore it badly needs to power its manufacturing might: India. China sources ... »
29 Apr 2008
More European naphtha seen into Asia
At least 200,000 tonnes of European naphtha were expected to arrive in Asia in June as weak demand in the West was encouraging arbitrage activity to Asia. Benchmark open-spec naphtha contracts for first- ... »
29 Apr 2008
Taiwan Pays Record Price for LNG Imports in March
Taiwan, Asia's fourth-largest importer of liquefied natural gas, increased imports of the fuel by 33 percent in March and paid record prices since imports started in 1990 as global demand surged. CPC Corp., Ta ... »
29 Apr 2008
PetroVietnam Sells Su Tu Den Crude Oil for June to Mitsubishi
PetroVietnam Trading Co., a state- owned oil marketing company, sold Su Tu Den crude oil for loading in June to Mitsubishi Corp., said two traders who submitted offers. A PetroVietnam offi ... »
29 Apr 2008
Three Major Japan Steelmakers Log Net Profit Falls in FY 2007
Three of Japan's four major steelmakers posted falls in group net profits in fiscal 2007 under the weight of rising material costs. The three are JFE Holdings Inc., Kobe Steel Ltd. and Sumitomo Metal Industries Ltd. ... »
29 Apr 2008
Australia resumes Iraq wheat sales with Glencore deal
Australia has resumed wheat exports to Iraq, ending years of trade blockages over illicit payments to the past government of Saddam Hussein, with a global commodities trader loading a s ... »
29 Apr 2008
Indian contract iron ore sales need unique benchmark price -- company official
While spot price sales of Indian iron ore to China are justified by market conditions, India needs to move toward more contract sales, said KK Kumar, general manager of MSPL Ltd, a leading iron ore producer on ... »
29 Apr 2008
China Steel Prices May Fall Later This Year, Association Says
Steel prices in China, the world's largest producer of the alloy, may fall this year as government measures to rein in lending may slow domestic demand, the China Iron and Steel Association said. Steel prices, ... »
29 Apr 2008
Global steel prices - brace for a correction?
Sky-high production costs, strong demand and tight supplies have pushed global steel prices to new highs so far this year, but a correction may be on the way towards the end of this year, analysts say. G ... »
29 Apr 2008
Record hike for U.S. steel prices
US transaction prices are going through the roof with gains over the last four weeks as high as $US145 per tonne for some products and more substantial hikes planned by the mills ... »
29 Apr 2008
Vietnam expects April coal output to increase by 18% YoY
The Vietnam’s General Statistics Office said that Vietnam's coal production likely rose by 18.3% on year to 4.25 million tonnes in April 2008. Revised GSO data showed that the figure ... »
29 Apr 2008
Baoshan Steel First-Quarter Profit Rises on Prices
Baoshan Iron & Steel Co. said first-quarter profit rose 16 percent, rebounding from two quarters of declines, after China's largest maker of the alloy raised prices to help cover higher costs. Net income rose ... »
29 Apr 2008
Coal price hikes boost electric rates, more increases coming
Consumers struggling with high gas prices, rising food costs and falling home values have something new to worry about: Sharply rising electricity rates due to a surge in coal prices over the past year. There ... »
29 Apr 2008
Lavera, Fos oil terminals disrupted by Marseille port strike for 3rd week
Operations at the oil terminals at Lavera and Fos-sur-Mer and the goods and containers sectors in the autonomous port of Marseille in the south of France were disrupted Tuesday for the ... »
29 Apr 2008
Ports placing global tenders for routine dredging works
With shortage of dredgers in India, major ports are chasing global companies for undertaking the routine maintenance dredging works at ports. The maintenance projects are usually done using dredgers of Dredging Corp ... »
29 Apr 2008
Dublin Port Company goes ahead with plan to expand Dublin Port
Dublin Port Company says it will go ahead with a planning application to fill in a section of Dublin Bay in a massive port expansion project, despite the announcement of special protection or ... »
29 Apr 2008
Brazil Seeks International Bids for Port Project, Rousseff Says
Brazil will seek bids from foreign companies for a project to dredge 12 ports, President Luiz Inacio Lula da Silva's chief of staff said. Brazil will auction five-year contracts between July and ... »
29 Apr 2008
Exercise to affect busy Singapore sea lanes: minister
The shipping lanes around Singapore -- which carry almost half the world's daily oil shipments -- will be affected by a maritime emergency exercise next month, a cabinet minister said on r ... »
29 Apr 2008
Shipping industry not prepared for biofuel future
The shipping industry must act quickly to prepare for the international drive towards biofuels, as ships will be a critical link in the supply chain and may be encouraged to run on the environmentally friendly ... »
29 Apr 2008
Exmar’s first quarter results hit by disappointing VLGC market
The Executive Committee of EXMAR NV yesterday reported its trading update for the first three months ended 31st March 2008. The Group had a net result of USD 1.8 million for the first quarter 2008 (first ... »
29 Apr 2008
High-tech pirates are no romantic figures
A French yacht. A Japanese tanker. A Spanish fishing boat. After several years of decline, pirates are striking with increasing frequency on the high seas. Attacks in the first three months of this year wer ... »
29 Apr 2008
Human resources “biggest challenge” for shipping
MANPOWER, training and development and all of the wider issues connected with human resources in shipping will become the biggest challenge the industry will face over the coming years, ... »
29 Apr 2008
China Merchants Energy net down 3.9% in 2007
China Merchants Energy Shipping Co, the nation's top oil carrier, posted a net profit of RMB 848 million in 2007, down 3.86% from a year earlier, according to the company's statement to the Shangha ... »
29 Apr 2008
Employers' organisations join forces in Finnish shipping industry
Three employers' associations in the shipping industry are merging, the organisations said in a statement. The Finnish Shipowners' Association, the Cargoship Association and the Å ... »
29 Apr 2008
Sovcomflot Group takes delivery of the eighth tanker built by Admiralty Shipyards
On April 29, 2008, Sovcomflot Group took delivery of the eighth product carrier “Transsib Bridge” built by Admiralty Shipyards. The tanker’s deadweight is 47,400 tonnes, her overall length is 18 ... »
29 Apr 2008
Lack of crews and facilities hamper shipping
A parliamentary inquiry into Australia's coastal shipping policy has raised concerns about crew shortages and a lack of berthing facilities in Tasmania. Shipping experts and operators have pu ... »
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