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Worldwide Container Shipping news - Archive 2009, 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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28 Feb 2009
India's iron ore exports to fall this year - min
India's iron ore exports in the financial year to March are ... »
28 Feb 2009
New BHP-Rio link mooted
RIO TINTO should again look at the possibility of a joint venture with BHP Billiton in the Pilbara instead of its $US19.5 billion ($30 billion) investment deal with Chinalco, a broker says ... »
28 Feb 2009
Tata Steel sees Indian steel demand up 5 pct in 09
Tata Steel sees Indian steel demand growing by 5 percent in 2009 and expects prices to remain stable, a top official said on Friday. "In India I do believe that all ... »
28 Feb 2009
China ports face massive overcapacity
China's container ports are facing overcapacity of tens of millions of TEUs within ... »
28 Feb 2009
Russia Container Market 2008: Record-Breaking Figures, Fantastic Facts, Intriguing Developments
In 2008 Russia’s sea ports handled slightly less than 3.5 mn TEU ... »
28 Feb 2009
To stay afloat, firms to hike India-Europe rates
Cargo rates from India to Europe could rise from March as carriers make a desperate attempt to halt a fall that started in August. German container shipping firm Hapag-Lloyd AG has issued a notice to hike r ... »
28 Feb 2009
ONGC to extend vessel deals at old contract rates
Faced with delays in supply of offshore supply vessels (OSVs) for its oil and gas exploration operations, ONGC has decided to cancel tenders for the vessels and extend ... »
28 Feb 2009
Concordia Maritime re-enter into equity hedge
The company´s functional currency is the US Dollar., i e the majority of the income and costs as well as the balance sheet items are nominally in US Dollar. This me ... »
28 Feb 2009
GAC strengthens Gujarat presence
GAC India has strengthened its presence in the Gujarat region with the addition of a new logistics office in Vadodara, offering professional logistics and international transportation services. The establishment of ... »
28 Feb 2009
New generation embraces first full distance learning maritime MBA
Professional advancement remains high on the shipping industry’s agenda, despite the credit crunch and downturn in freight ra ... »
28 Feb 2009
Inert gas for smaller chemical tanker a step closer
The prospect of installing inert gas systems on smaller chemical tankers has come that bit closer. A working group dealing with the issue at the recent IMO FP ... »
27 Feb 2009
Gibson Tanker Report BAROMETER OF SHIPPING CONFIDENCE
It is a well known fact that the Freight Forward Agreements (FFAs), used for risk management
and/or purely speculative purposes, do not provide a forecast for the freight rates. Although ... »
27 Feb 2009
Weekly Market Report Cash & Careful, Week 9
The indices gave mixed signals this week with both the BDI and BCI declining about 5% and 21% respectively
whilst the BPI, BSI and BHSI making gains of 7%, 18% and 18% each.
Who would have ima ... »
27 Feb 2009
Barry Rogliano Salles Weekly Tanker No 611
Another uninspiring week in the Tanker world! Day after day,
the VLCC market seems to maintain a fair stability. Demand
from the Middle East Gulf still provides about 20 fixtures every
week but the tonnage list r ... »
27 Feb 2009
Steel imports into US up during month of January
Preliminary data released show that overall steel imports in January 2009 increased 13.36 percent from December 2008. This change in January’s total amount of steel imports was due to an increase i ... »
27 Feb 2009
Korea East-West Power Seeks 72,000 Tons of Fuel Oil for April
Korea East-West Power Co., one of the six generating units of Korea Electric Power Corp., is seeking to buy between 30,000 metric tons and 72,000 tons of medium-sulfur fuel oil for delivery ... »
27 Feb 2009
Japan Jan crude oil imports down 19.0 pct -- METI
Japan's crude oil imports in January fell 19.0 percent from a year earlier, the Ministry of Economy, Trade and Industry (METI) said on Friday. January dome ... »
27 Feb 2009
Chinalco: Rio To Act In Holders' Interest In Iron Ore Price Talks
Aluminum Corp. of China President Xiong Weiping said Friday Rio Tinto PLC will act in the interest of its shareholders in iron-ore price talks. The Chinese company, better known as C ... »
27 Feb 2009
Mining major sees signs of Beijing's stimulus working
Major diversified miner Companhia Vale do Rio Doce (Vale) believes that China’s economic stimulus plan is beginning to have beneficial effects. In its report of its operational and financial perfo ... »
27 Feb 2009
Scrap from Alang may bring down steel prices
The increasing ship-breaking activity at the country’s largest ship-breaking yard, Alang, may cause a fall in steel prices, with hundreds of tonnes of scrap s ... »
27 Feb 2009
Nippon Steel production level has probably bottomed Japan
Nippon Steel Corp., the world’s second-largest producer of the metal, said production has probably bottomed as customers including automakers and machinery makers shed ... »
27 Feb 2009
India: Steel demand shows signs of recovery
The steel industry in the country may be on the road to recovery. NMDC Ltd, that controls 15% of India’s iron ore production and is the country’s larges ... »
27 Feb 2009
Centrex finalises Chinese iron-ore deals
Adelaide-based iron-ore-miner Centrex Metals will finalise its $220-million iron-ore deals with China, over the next two weeks. Centrex woul ... »
27 Feb 2009
Djibouti port attracts major shipping lines
The Doraleh container terminal (TCD) attained a record rate by loading and unloading 54 containers per hour and per gantry crane, APA learns from sources in Djibout ... »
27 Feb 2009
World class container terminal project for Ennore
A world class container terminal is beign built at Ennore Port as part of India’s policy to augment capacity in the ports for hanlding containerized cargo. The Ennore container termi ... »
27 Feb 2009
Commercial Shipping Exhaust Offsets CO2 Climate-Warming Effect
Exhaust from commercial ships negates the impact caused by the industry’s release of global-warming carbon dioxide into the air, a study has discovered. Scientists at the National Oceanic and Atmo ... »
27 Feb 2009
Great Eastern Shipping to trim its $600-mn order book
Great Eastern (GE) Shipping, India’s largest private sector shipping company, is negotiating with shipyards to cut a part of its order book of 10 ships worth about $600 million (Rs 3 ... »
27 Feb 2009
Downturn hits Camillo Eitzen ship values
The negative economical environment has put downward pressure on market values in all segments, resulting in an extraordinary write down (impairments) of booked vessel valu ... »
27 Feb 2009
Independent Tankers reports Preliminary Fourth Quarter and Financial Year 2008 Results
Independent Tankers reports net income of $5.3 million, equivalent to earnings per share of $0.07 for the fourth quarter of 2008. * Independent Tanke ... »
27 Feb 2009
TUI Says Hapag Investments Are Scrapped This Year, Debt to Fall
TUI AG said investments in its Hapag-Lloyd shipping line will be scrapped this year, a day after the company renegotiated the sale of the business to a Ham ... »
27 Feb 2009
Cremers: "Make officers’ salaries and maintenance less-market dependent!"
ANGLO-Eastern CEO, Peter Cremers, speaking at Marine Money’s annual Ship Finance conference in Hamburg, Germany, stressed the need to maintain high safety standards in the ... »
27 Feb 2009
Lloyd's Register Marine - an integrated technical community in Southampton
Final planning permission has been granted to Lloyd's Register to develop, with the University of Southampton, the Boldrewood Campus in Southampton. This completes a vital first stag ... »
27 Feb 2009
Total Books VLCC To Move N Sea Crude Oil To Far East –Brokers
French oil giant Total SA (TOT) has booked a very large crude carrier to move North Sea crude oil from Hound Point in the U.K. to the Far East, shipping brokers said Friday. Total this week fixed a deal to cha ... »
27 Feb 2009
Oil Floating Storage to Drop as Stockpiles Peak, Barclays Says
The amount of oil stored in tankers at sea is likely to fall because global crude inventories may have peaked, Barclays Capital said. U.S. crude stockpiles gained 0.2 ... »
27 Feb 2009
More box ships to be idled
Container ship charter owners are preparing to idle scores of vessels for extended periods over the coming weeks as hire rates reach new lows and ocean carriers press fo ... »
27 Feb 2009
Havila Shipping ASA Boards approve 2008 annual accounts
The Board of Directors of Havila Shipping ASA has in Board Meeting at 26. February approved the annual accounts for 2008. Final account statement is identical with preliminary accoun ... »
27 Feb 2009
Ship Freight declines due to global slow-down
The ship freight on International Waterways is continuously declining during the last few months. This is especially so for the Drybulk sector where the drop in freight/charter ra ... »
27 Feb 2009
Indonesian group looks to build new Indian port
Indonesia-based Salim group has expressed an interest in the construction of deep river port near Haldia in West Bengal. The firm is part of a consortium with Indian developer Unitech and Indonesia ... »
27 Feb 2009
Plans for new bunker terminal inside Arctic Circle
There are plans to build a new bunker terminal in the north Russian port of Murmansk. A Russian report says the Murmansk Shipping Company (MSCO) wants to build a terminal for year-round supplies of fuel oil to ta ... »
27 Feb 2009
TUI makes concessions to rescue Hapag sale
Germany's TUI will grant special concessions to a group of investors in the sale of its shipping unit Hapag-Lloyd to rescue the deal even though the shipping and tourism group wil ... »
27 Feb 2009
BW and Teekay tankers in collision
Early reports say two tankers have collided in the UK port of Southampton, causing an oil spill. “The Valler Mosa colli ... »
27 Feb 2009
Xinjiang coal production to reach 150 million tonnes in 2010
It is reported that currently, the mechanization rate of China's major coal-producing zones has reached 90.57%, and China's raw coal production stays at 62.2 million tonn ... »
27 Feb 2009
India May Import 6 Million Tons of Coal for Power Utilities
Coal India Ltd., the state-owned monopoly, may import 6 million metric tons of coal for power utilities in the year starting April 1, the government said. The company may produce 312 million tons of coal ... »
27 Feb 2009
India's GAIL invites expressions of interest for term LNG supply
India's state-owned gas transmission utility GAIL is inviting expressions of interest for long-term LNG supply into Dabhol on the country's west coast, the company said Thursday. The L ... »
27 Feb 2009
SOCAR announces 8th tender for BTC
The State Oil Co. of Azerbaijan announced a tender for its eighth delivery through the Baku-Tbilisi-Ceyhan for 1 million barrels of oil for April delivery. The marketing division of the State Oil Co. ... »
27 Feb 2009
India's NMDC sees iron ore output down from year ago
India's biggest iron ore miner, NMDC Ltd, expects production in fiscal year 2008/09 to drop from the year before, its chairman said on Thursday, trimming an earlier forecast for flat output. Rana Som, ... »
27 Feb 2009
Study: Clean Alternative Fuels Gains at Container Shipping Ports
U.S. and international container shipping ports are among the biggest sources of air pollution and greenhouse gas emissions, because of their reliance o ... »
27 Feb 2009
NTIC completes Newbuilding Series
Independent tanker operator has passed a double milestone in the first few weeks of 2009, taking delivery of the last of a series of 11 tanker newbuildings from Hyundai Heavy Industries ... »
27 Feb 2009
GC Rieber Shipping - Fourth quarter 2008
GC Rieber Shipping posted a net profit of NOK 75.9 million in the fourth quarter 2008. The net profit for the full year 2008 was NOK 177.5 million. The net profit in the fourth quarter 2008 and the f ... »
27 Feb 2009
Ship freight declining during last few months
The ship freight on International Waterways is continuously declining during the last few months. This is especially so for the Drybulk sector where the drop in freigh ... »
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