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Worldwide Container Shipping news - Archive 2008, December
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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 Dec 2008
China lifts price cap on thermal coal - NDRC
China's top economic planning agency said on Wednesday that it will lift price controls on thermal coal, among other products, from Jan. 1, 2009. The National Development and Reform Commission introduced te ... »
31 Dec 2008
The yin-yang of mining in 2008
Resources shares slid quicker than a deckchair on the sinking Titanic in 2008 with former darling, Metorex, suffering most. The home-grown copper bet lost 91% on the JSE and was last hovering aroun ... »
31 Dec 2008
Tight credit to put pressure on mining, metals sector
THE backbone of the Australian economy during the bull run, the metals and mining sector, is expected to struggle for the next year as producti ... »
31 Dec 2008
Large steel makers of China set conservative output targets for 2009
At least six Chinese large and midsize steel companies have released their operating targets for 2009 by Tuesday, with most looking forward unchanged o ... »
31 Dec 2008
Demand for commodities to fall: analysts
Prices for Australia's most valuable export commodities including iron ore and copper are expected to tumble next year as demand for the metals contracts in line with ... »
31 Dec 2008
Sabic steel business is facing tough times
Saudi Basic Industries Corporation (Sabic) expects its diverse product portfolio to help it weather the impact of lower revenues from its steel business. Sabic, whose Had ... »
31 Dec 2008
Peru puts ports centre stage
"The ports, including river ports, are going to have a much more important role for the government," he told Gestion, a leading business newspaper in a lengthty end of year intervie ... »
31 Dec 2008
Nigeria: Naccima Official Blames Port Congestion on Shipping Agencies
The Second Deputy President of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Mr Mohammed Abubakar said that shipping agencies should be blamed for ... »
31 Dec 2008
Somalia pirates hold 300 sailors captive - Russian shipping daily
Over 300 sailors are being kept hostage by Somali pirates, who have dealt a severe blow to busy shipping routes off the East African state, a Russian maritime news websit ... »
31 Dec 2008
Taiwan's Yang Ming Marine to open container branch in Turkey
Taiwan's Yang Ming Marine Transport Corp will open a branch in Turkey to expand its global container shipping business, the company said Wednesday. Yang Ming Anatolia Shipping Agency is a joint ven ... »
31 Dec 2008
India: 'Bureau of maritime security will provide uniform norms'
Creating a Bureau for Maritime Security similar to the Bureau of Civil Aviation Security would help bring in uniform standards and procedures on s ... »
31 Dec 2008
KTS signs global freight forwarding deal with Kintetsu World Express
Leading shipping and logistics company Kuwait Transcontinental Shipping Co. (KTS) has signed a global freight forwarding agreement with Kintetsu World Express Inc (KWE). Under the agreement, KTSKTS is t ... »
31 Dec 2008
Investing in ships doesn’t guarantee good returns
Not all maritime nations, Kenya included, may invest in ships because of economic reasons. They may not see shipping in the context of business and may ... »
31 Dec 2008
Global container liners’ India operations in choppy waters
Global container liners like Hapag Lloyd, Maersk Line, P&O Nedlloyd and Mediterranean Shipping Company ... »
31 Dec 2008
No Illusions around the Horn of Africa
In December the EU`s Marine Mission “Eunafor Atalanta” started operating around the Horn of Africa. It is for the first time in this framework that Germ ... »
31 Dec 2008
Import of coal by Indian power utilities rises
The various coal utilities of the country have already imported around 10 million tonne of coal to meet the shortages in the supply of domestic coal. Th ... »
31 Dec 2008
US coal supplies fall 2.3 pct for week - Genscape
Coal supplies at U.S. power plants fell 2.3 percent this week from last week but are 7.4 percent greater than the same week of 2007, Genscape said Tuesday. Electric companie ... »
31 Dec 2008
UASC ties up with Hanjin Shipping to launch new service
United Arab Shipping Company (UASC) has announced its partnership with South Korea’s Hanjin Shipping to launch a new service to link the US East Coast, the Indian sub-continent, West ... »
31 Dec 2008
Global Ship Lease Takes Delivery of 10,960 TEU Containership
Global Ship Lease, Inc., a rapidly growing containership charter owner, announced today that, as expected, it has taken delivery of a 10,960 TEU newb ... »
31 Dec 2008
Indonesia says coal output up, copper down in 2008
Indonesia's output of coal rose slightly this year, but production of other key commodities including copper and tin fell, the energy and mines minister said ... »
31 Dec 2008
China firms merge to become top steel producer
China's three leading steel mills agreed on Tuesday to merge into one entity via share swaps which will create the country's largest l ... »
31 Dec 2008
US recyclers cope with falling scrap metal prices
It is reported that the world's appetite for recycled metals knew no bounds recently. But since September 2008, prices for used metal have dropped so precipitously the industry has essentially ground to a h ... »
31 Dec 2008
MPA defers rise in port dues
The Maritime Port Authority of Singapore (MPA) has announced plans to delay the scheduled increase in port dues on old bunker tankers to help shipping companies ... »
31 Dec 2008
Port of Rotterdam Authority and LionGas B.V. reach agreement on lease of LionGas Terminal location
The Port of Rotterdam Authority will invest 40 million euros to excavate the harbour basin for the LionGas Termin ... »
31 Dec 2008
Evergreen Shipping Agency cuts jobs in US restructuring
Evergreen Shipping Agency (America), agents for Evergreen Marine Corp., announced today that it will consolidate some North America offices and reduce staff in the face of the downtu ... »
31 Dec 2008
Russian frigate escorted over 50 ships on anti-piracy mission
The Russian Baltic Fleet's frigate Neustrashimy (Fearless) protected over 50 commercial ships from pirates off the Somali coast in 2008, a Russian Navy spokesman said on ... »
31 Dec 2008
Indian Government plans low cost satellite to watch India's coastline
In a response to recent maritime threats in the country, government of India is planning to strengthen its security at the vast coastline of over 7,500 kms. The Union Minist ... »
30 Dec 2008
India's iron ore exports may fall as China demand seen temporary
Iron ore exports may be on the rise - thanks to a spurt in demand from China - but the slump is far from over, fe ... »
30 Dec 2008
Tough times ahead for steelmakers
FT has highlighted that the suddenness of the fall in steel demand in recent months has left many of the industry’s bosses in a state of shock and there are few ... »
30 Dec 2008
Shift in China's Trade Policy May Accelerate Western Steelmakers' Slump
The steel business faces its biggest hurdle in 60 years with some analysts predicting double digit production cuts in 2009. Now, a sudden change in China trade policy may spell even ... »
30 Dec 2008
Year end review: Base Metals fall, to recover in 2009
Base Metals like other commodities were also on a rollercoaster ride in the last year. Strong growth shown by China, major consumer of base metals, led to sharp rise in meta ... »
30 Dec 2008
Commodities markets expected to stabilize in 2009
During the first six months of 2008, commodities looked to be the savior of investors who were losing money in the stock market. In the second half, particularly for thos ... »
30 Dec 2008
Give commodities a booster dose: ASSOCHAM
It is an era of stimulus packages. Even as various industries are struggling to keep afloat, governments across the globe are announcing packages to boost the industries so that a major c ... »
30 Dec 2008
China's Tianjin Port container throughput up almost 20% in 2008
Tianjin Port, the largest in north China, handled 354 million tons of cargo by Tuesday evening, said an official of Tianjin Port Group. The port handled 8.5 million twenty-foot equivalent (TE ... »
30 Dec 2008
India's Paradip offers single-buoy mooring; eases crude shipping
India's state-owned refiner Indian Oil Corp. has commissioned its new single-buoy mooring facility at Paradip port in the eastern state of Orissa, shipping sources said Tuesday. IOC, which had s ... »
30 Dec 2008
Port of Rotterdam ends the year well
Despite a poor last quarter, goods throughput in the Port of Rotterdam increased in 2008 to the record level of 420 million tonnes. This is 2.7% more than in 2007. Imp ... »
30 Dec 2008
738,789.435mt of petroleum products to flood ports as New Year gift
No fewer than 60 ships laden with 738,789.435mt of various petroleum products are expected to arrive at the ports within the first two weeks of the New Year. Investigation conducted have shown that out of the ... »
30 Dec 2008
Investing in ships doesn’t guarantee good returns
Not all maritime nations, Kenya included, may invest in ships because of economic reasons. They may not see shipping in the context of business and may decide to invest in shipping and ... »
30 Dec 2008
STX Pan Ocean to sell stake in Korea Express
STX Pan Ocean Co., South Korea's leading bulk-shipping line, said Tuesday that it plans to sell its whole stake in Korea Express Co. for 210 billion won (US$164 million) to boost its ca ... »
30 Dec 2008
Philippines: Government asked to rethink tanker phaseout sked
A group of domestic tanker operators said they will ask the government to move along with the international schedule for the phaseo ... »
30 Dec 2008
Further guidance for ships operating in the Gulf of Aden-group transits
This circular is for the attention of ship owners, managers, operators, agents, masters, crew members and surveyors 1. MPA’s Shipping Circular No. 25 of 2008 had provided ad ... »
30 Dec 2008
UAE: Shipping firms not expanding even as falling prices make builds easier
Local shipowning firms will not be making any rushed decisions regarding expansion of their fleet even as falling prices have made new builds more affordable, said senior industry players. Shipping co ... »
30 Dec 2008
2008 the 'best year ever' for tanker owners
2008 has been “the best year ever” for tanker owners, according to leading broker RS Platou. According to its ... »
30 Dec 2008
NMPT to increase cargo handling capacity by 66 million tonne
BL reported that New Mangalore Port, which has capacity to handle 43.50 million tonne of cargo is planning to increase it to 66 million tonne by the end of the 2011-12. Mr P Tamilvanan chairman of New Mangalore P ... »
30 Dec 2008
87.000 metric tons of diesel unloaded at Aden port
The Italian "Nord Fasta "and the Vietnamese " Dahi Nam " oil tankers unloaded on Monday about 87.00 ... »
30 Dec 2008
Crude flows through Paradip port; 2 mt throughput likely by March
For the first time, the Paradip port has started handling crude. On Sunday, crude started flowing into the port for the first time. “We hope to handle an esti ... »
30 Dec 2008
Weyerhaeuser takes 7 Westwood vessels off market
Forest products supplier Weyerhaeuser Co. said Monday it has stopped trying to sell its seven ocean-going freighters, citing tight financial markets and weak demand for their maritime ship ... »
30 Dec 2008
CIMC boosts its holdings in two China box makers for US$30 million
CHINA International Marine Containers Co. (CIMC), the world's largest manufacturer of container boxes, has increased its equity interest in two Chinese box makers at a cost of US$30.4 million. T ... »
30 Dec 2008
MCC Argentina project to ship iron ore to China
According to Mr Tamara Balda, GD of Mining Industry and Water Conservancy Bureau in Rio Negro province of Argentina, China Metallurgical Group Corporation's iron ore project in Argentina will resum ... »
30 Dec 2008
Xinjiang to produce 80 mln t coal in 2009
Xinjiang Uygur Autonomous Region in Northwest China plans to produce 80 million tons of coal in 2009, according to the Regional Coal Bureau. Of the total, five major state-owned coal enter ... »
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