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Worldwide Container Shipping news - Archive 2008, May
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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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17 May 2008
WEEKLY MARKET REPORT 2008/Week 19
The November 2007 Capesize index previous all time high (16,256 points reached on the 15th November) has not only been broken this week but it has been surpassed by an amazing 1,429 points (almo ... »
17 May 2008
Japan sells Qatar Marine crude to Nippon Oil
Japan's trade ministry has sold 76,000 kilolitres (about 478,000 barrels) of Qatar Marine crude oil for July loading to the nation's biggest refiner Nippon Oil Corp. in a tender to resell some n ... »
17 May 2008
Indonesia's Bumi confirms $132/tonne coal deals
Indonesia's largest coal miner, PT Bumi Resources Tbk BUMI.JK, confirmed that it has signed 2008 coal deals with some Japanese utilities at $132 a tonne. Dileep Srivastava said by email that the agreed price was 140 percent above 2007 prices.
Trad ... »
17 May 2008
China's Record High Iron Ore Stockpiles Causing Concern
Record high iron ore stockpiles at Chinese ports, which has been blamed on speculation by domestic companies, have sparked much concern from the China Iron and Steel Association (CISA) for disrupting the norma ... »
17 May 2008
Rio Seeking Chinese Partner for West African Ore Mine, FT Says
Rio Tinto Group is seeking partnerships with Chinese steel and construction companies to help develop the $6 billion Simandou iron ore mine in West Africa, the Financial Times said, citing a Rio execu ... »
17 May 2008
China Assoc Asks Cos To Boycott Rio's Spot Ore Sales
China Iron & Steel Association Thursday asked domestic steel mills and iron ore traders to boycott Rio Tinto PLC's (RTP) spot iron ore sales, as the company isn't fully meeting its long-term contract suppl ... »
17 May 2008
Why Gold and Oil are the hottest commodities
Gold prices picked up yet another 1.5% overnight as the dollar headed lower on anticipation of poor US housing and consumer confidence data being released Friday. A two-dollar ... »
17 May 2008
There Iron Ore Pricing War Between China & Australia
There are four fronts in the battle for pricing power in the iron ore market: BHP Billiton, Rio Tinto, Fortescue, and spot market for iron ore. It's hard to tell who is w ... »
17 May 2008
European Coal Rises to Record on Limited Supply, Power Demand
Coal for delivery in northwest Europe rose to a record on limited global supplies of the fuel and demand in countries such as India where new power stations are being built. Domestic suppl ... »
17 May 2008
Burma cyclone aid effort hit as damage to port keeps big ships at sea
The international effort to save the survivors of Cyclone Nargis has been jeopardised further by the destruction of Burma's biggest port, which is likely to be out of action for months. The oil and container term ... »
17 May 2008
Fortescue loads iron ore shipment
Fortescue Metals Group Ltd, which described itself as "the new force in iron ore", began loading its first commercial shipment on Thursday. Western Australian Premier Alan Carpenter attended a ceremony at Port Hedland to mark the occasion, ... »
17 May 2008
Shiny new port terminal has everything except ships
The gleaming new $81 million cruise terminal at the will open soon, but don't expect throngs of passengers, streamers or cracking champagne bottles. Or a ship, for that matter. Port officials haven't yet secured a deal with any cruise operators ... »
17 May 2008
Scottish operator Svitzer Marine increases bunker surcharge
Svitzer Marine Ltd. has advised that effective from May 19, the bunker surcharge per tug at Forth Ports will increase to 5% of towage charges as per the 2008 tariff. Edinburgh-based Forth Ports operates six east coast ports in Scotland including Gran ... »
17 May 2008
Guangzhou Port Q1 box throughput surpasses Kaohsiung, Rotterdam
Guangzhou Port's first quarter container throughput surpasses Port of Kaohsiung, which is likely to fall out of the world's top 10 box port rank this year, and the wor ... »
17 May 2008
Nigeria: Govt Approves Establishment of Dry Ports
To ease the difficulties often experienced by importers and exporters based in the hinterland and arrest ugly trends at sea ports such as congestion, expensive and hazardous ... »
17 May 2008
GL’s Scandinavian Committee: Future Potential of Energy Effiency in Maritime Transport
In an industry characterised by increasingly keen competition, the key issues are designing, building and operating ships efficiently. An efficient ship is profitable and environmentally compatible. The 6th Scandinavia ... »
17 May 2008
PRISCO extends the opportunities for marine specialists
PRISCO began to provide marine specialists with wide range of personnel services in different cities. Specialists from Personnel Department are included in the staff working for PRISCO’s representative and branch offices which are situated in M ... »
17 May 2008
Shipping regulator exempts Indian vessels from age bar
In a surprise move, the Director General of Shipping (DGS) has exempted vessels with Indian flags from the recent ban it had imposed on chartered ships older than 25 years from plying in India's territorial waters in bad weather. In a fresh circular ... »
17 May 2008
China: Traditional marine sector accelerating technical upgrading
In the 2007 Statistic Communique of China's Marine Industry, a group of favorable data has been used to present a situation that the marine economy had been growing up steadily: China's gross ocean product increased by 15.1 percent year ... »
17 May 2008
Solvang and Neu Gas Shipping to establish International Gas Carriers
The gas carrier owner/operator Solvang ASA and Neu Gas Shipping have established International Gas Carriers (IGC) to be responsible for the commercial operation of the two groups’ fully refriger ... »
17 May 2008
Bulgaria’s Navibulgare sold to KG Maritime
Bulgaria's Cabinet approved on May 15 the sale of 70 per cent in state shipping company Navigation Maritime Bulgaria (Navibulgare) to the KG Maritime Shipping consortium. The privatisation contract ... »
17 May 2008
Indian ship owners hope ban on old vessels won’t impact them
The Indian ship owners are not unduly worried over the Director General of Shipping’s order banning chartering of ships older than 25 years. This is because the ship owners hav ... »
17 May 2008
Dividend-Paying Drybulk Carriers Make a Lot of Sense
Thursday . . . The Dividend Portfolio has taken outstanding profits in three drybulk shippers, those maritime transportation companies that carry ore, grain, coal, feed, fertilizers, steel ... »
17 May 2008
Skaugen in sale and lease back deal with Teekay LNG on newbuildings
I.M. Skaugen Group (IMSK) has entered into an agreement to sell two of our unique Multigas Carriers of 12,000 cbm size. The ships are currently under construction with Skaugen Marine Construction (SMC ... »
17 May 2008
A.P. Moeller-Maersk announces results for first quarter 2008
Revenue (in USD) increased by 31%, mainly due to significantly higher oil prices as well as higher freight rates and volumes in the container trades. Net profit for the period was ... »
17 May 2008
Baltic Dry Index Advances to Record in London on Chinese Demand
Commodity shipping rates jumped to a record on increasing Chinese demand for iron ore and may advance further as rising finance costs curb growth in shipbuilding. The Baltic Dry Index, a measure of costs to ... »
17 May 2008
ClassNK Named Best in Class at Inaugural Seatrade Asia Awards
On May 13, Nippon Kaiji Kyokai (ClassNK) received one of the highest honors in the maritime industry when it received “The Classification Society Award” at the Seatrade Asia Awards 2008, held in Singapore. The Seatrade Asia Awards, organi ... »
17 May 2008
Evergreen and COSCON to offer seperate China/Persian Gulf services
Evergreen and COSCON have announced that each is to launch a weekly independent service covering the China/Arabian Persian Gulf route beginning early June 2008. The new services replace the current CPG service jointly operated by t ... »
17 May 2008
Mitsubishi Unit Books Tanker to Ship Gabon Crude Oil to Japan
Petro-Diamond Inc., a unit of Mitsubishi Corp., will ship a cargo of Gabonese crude oil to Japan this month, according to data compiled by Bloomberg. Petro-Diamond booked the Suezmax tanker Cape Balder to load about 1 million barrels of Gabonese ... »
17 May 2008
TUI sees slower growth in shipping freight rates
Germany's TUI said on Thursday it sees slower growth in shipping freight rates in the coming quarters. The company told a conference call it sees CP Ships synergies of 220 million euros ($341.3 million) in 2008. TUI added that it currently valued its ... »
17 May 2008
Seaspan Takes Delivery of New Containership
Seaspan Corporation yesterday announced that it has accepted delivery of its 30th vessel, the CSCL Panama. The 2,500 TEU newbuilding, which was constructed by Jiangsu Yangzijiang Shipbuilding Co., Ltd. and is the first of its size in Seaspan's fleet, ... »
17 May 2008
Industry demand exceeds supply: Ultrapetrol CEO
As oil nudges US$127 a barrel and creates huge potential for deep-sea drilling, overloaded shipyards cannot keep pace with demand for ships that service platforms, the top executive at Ultrapetrol (Bahamas) Ltd said. 'Frankly the potential ... »
17 May 2008
Trico Marine Offers to Buy DeepOcean for $681 Million
Trico Marine Services Inc. said Thursday it has agreed to buy a majority stake in Norwegian subsea service company DeepOcean ASA for NOK 32 ($6.30) per share in cash, and has made an offer to acqui ... »
17 May 2008
Thoresen Thai Q2 net up on freight rates, stock gains
Thoresen Thai Agencies, Thailand's biggest dry bulk shipper, beat market estimates with a 63 percent rise in second quarter profit mainly due to surging freight rates, which se ... »
17 May 2008
Golden Ocean Group Limited Interim Report March 2008
Golden Ocean Group Limited Friday reported net income of $53.7 million and earnings per share of $0.19 for the first quarter of 2008. This compares with net income and earnings per share of $ ... »
17 May 2008
Double-skin bunker tank' legislation moving forward
Politicians in the United States are moving ahead with plans for legislation to require cargo ships to have their bunker tanks protected by double skins.
The US Senate Committee on Commerce, Science and ... »
15 May 2008
Horizon seeks surcharge hike
The cost of shipping is expected to rise further in June, raising the possibility of yet another round of price increases for things you need at home or in your office or business.
... »
15 May 2008
Barry Rogliano Salles Weekly Dry Bulk Market No 571
Public holidays in Europe and the Far East did not affect demand much in the Middle East Gulf, on the contrary… VLCC rates jumped by more than 20 points for Eastern discharge, breaking through the WS200 level ... »
15 May 2008
SSY PACIFIC CAPESIZE INDEX 06/05/2008 12/05/2008
The Pacific Index recorded its fifth consecutive weekly rise, gaining 7.6% over last week to reach 29,194 points. Transpacific round voyage time charter earnings for 172k dwt vessels increased by $10,000/day to $165,000/day, 24% higher than ... »
15 May 2008
SSY ATLANTIC CAPESIZE INDEX 06/05/2008 12/05/2008
A rise of over 900 points puts the Atlantic Index at a new record. The Index has risen by more than 45% over the last month due to tight availability of nearby vessels over the past two weeks. Transatlantic round voyage earnings for 172k dwt vessels ... »
15 May 2008
Fearnleys Week 19 2008
There appears to be no foreseeable end to the momentum achieved by
VLCCs trading in the MEG and WAF as rates continue to go from strength
to strength. Some charterers are now fixing f ... »
15 May 2008
Pakistan: Freight forwarders directed to levy uniform tariff
Additional Collector of Customs (Preventive), Faiz Ahmed, has directed shipping lines and freight forwarders to levy uniform tariff rates which must be printed on the bill of lading while also instructing them to observe uniform tariff policy for LCL ... »
15 May 2008
Not the best time to buy iron ore – CITIC
Mr Rong Zhijian president of CITIC Pacific said that it is not the best time to buy iron ore from overseas market now due to the high price of mineral resources and iron ores at present. Mr Li Songxing vice GM of CITIC revealed that special steel cap ... »
15 May 2008
US farmers to grow more wheat in 2008-09: USDA
U.S. farmers will be producing significantly more wheat and soybeans for the 2008-09 marketing year than in the previous year, predicts United States Department of Agriculture (USDA). According to its new forecasts released here the recent record bre ... »
15 May 2008
PEC invites bids to import 24,000 tonnes of soyabean oil
In order to boost the domestic supply, state-run trading company PEC Ltd has invited bids to import 24,000 tons of crude degummed soyabean oil to be delivered in June. The bids would close on May 12 and the decision ... »
15 May 2008
India Won't Import Wheat This Year on Local Purchases
India, the world's second-biggest wheat consumer, won't import the grain this year as purchases from domestic farmers reach a record, likely pressuring global prices of the com ... »
15 May 2008
Japan Fuji Oil aims to triple export capacity
Japan's Fuji Oil Co, the refining unit of AOC Holdings Inc, said on Monday it aims to triple its oil product export capacity to 3 million kilolitres (18.9 million barrels) a year by end-2009. ... »
15 May 2008
India GAIL to buy 6-7 spot LNG cargo in Jan-Mar 09
Indian gas firm GAIL India plans to buy five to six liquefied natural gas (LNG) cargoes from the spot market in the last quarter of fiscal 2008/09 to fire its Dabhol power plant, a company official said. "Ou ... »
15 May 2008
Uzbekistan to raise natural gas exports in 2008
Uzbekistan, a big Central Asian gas exporter, plans to raise shipments by 9 percent in 2008 despite a record-cold winter that hampered output in the opening months of the year, ... »
15 May 2008
Coal From Richards Bay at 8-Week High on Expected Asian Buying
Coal for shipment from South Africa's Richards Bay, site of the world's largest export terminal for the fuel, rose to an eight-week high on expectations that demand from ... »
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