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Worldwide Container Shipping news - Archive 2009, March
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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 Mar 2009
LNG exports decline for first time in three decades
Liquefied natural gas exports probably declined in 2008 for the first time in about three decades because of the global recession, project delays and a drop i ... »
31 Mar 2009
China's coal price likely to touch bottom in April
China's coal price is likely to touch the bottom in April of 2009 on the ground of decreasing international coal price and production resumption of s ... »
31 Mar 2009
Japan's TEPCO sees higher oil, coal use in 2009/10
Tokyo Electric Power Co (TEPCO) on Tuesday forecast higher consumption of oil and coal in the next business year, saying it was assuming there would not be a restart of its quake-hit nuclear plant. TEPCO expec ... »
31 Mar 2009
India begin to resist the mine to decline the export quotation
India iron ore import price from China continued to decrease, and 63.5% powder ore export price slipped to $63.5-65per ton (CFR) from $64-68per ton (CFR) last week. At pr ... »
31 Mar 2009
CSN Says Price of Brazil Iron Ore May Fall 20%
Cia. Siderurgica Nacional SA, Brazil’s third-largest steelmaker, said the price of Brazilian iron ore will probably fall 20 percent in annual contract agreements this yea ... »
31 Mar 2009
Datang says no agreement for 09 coal contracts yet
Electricity provider Datang International Power has not signed any major contracts with China's coal miners for this year, its Chairman Zhai Ruoyu said on Tuesday. China's big five power ... »
31 Mar 2009
Iron ore price to remain under pressure this year
Iron ore prices are unlikely to move up significantly this year on global surplus and falling demand from major countries, including China, Japan and the European Union. Ind ... »
31 Mar 2009
Iron ore miners 'agree to 40% price cut'
Rio Tinto Ltd and BHP Billiton Ltd have reportedly agreed to a temporary 40 per cent cut to iron ore prices, China's steel mills say. The China Iron and Steel Association (CISA) said reduced prices wo ... »
31 Mar 2009
ArcelorMittal Says M&A On Hold Until Market Conditions Recover
ArcelorMittal (MT) has temporarily halted all merger and acquisition activity until conditions in the steel market improve, the world's largest steelmaker said Tuesday ... »
31 Mar 2009
CIL production crosses 400 million tonne-mark
For the first time in its history, Coal India Ltd (CIL) surpassed the 400 million tonne-mark in production on March 29. It is now targeting a production of between 430 and 440 million tonn ... »
31 Mar 2009
Steel industry stimulus plan facilitating sector rejuvenation
On Junuary 14, executive meeting of the State Council deliberated and passed in principle the adjustment and revitalization plan of the iron and steel industry, which ... »
31 Mar 2009
India: Steel majors to push for input price cuts
It marks a distinct shift in bargaining power, perhaps for the first time in years. With barely a day to go for annual price contracts for FY10, domesticsteelmakers — Sail, JSW Steel ... »
31 Mar 2009
HHLA Earnings Break Record
HHLA, Hamburg's biggest container terminal operator, reported record earnings and revenue in 2008 but warned it expects a double digit decline in cargo this year. The company also said it wi ... »
31 Mar 2009
Evergreen founder denies Kaohsiung withdrawal
Evergreen Group founder Chang Yung-fa has denied reports by the local media that his group's container shipping unit would pull out of Kaohsiung Port in southern Taiwan to save money at ... »
31 Mar 2009
Global slowdown leaves harbors awash in unwanted ships
Like unwelcome guests who will not leave, 453 container ships, 11 percent of global capacity, now float outside the harbors of Hong Kong, Singapore and other ... »
31 Mar 2009
Maersk Line: Commodity rate restoration - Europe to Asia Trade
Further to the previously announced commodity rate restoration for the 1 April 2009, Maersk Line will implement a commodity General Rate Increase effective 7 April 2009. The commodity increase will ... »
31 Mar 2009
CSCL joins the fray in cutting capacity
China Shipping Container Lines Company will cut capacity for the first time this year as sea-cargo slows amid the global recession, Bloomberg reports. China's second-biggest container carrier pl ... »
31 Mar 2009
Owners worried that OPEC compliance could tighten
Estimates that OPEC compliance with a 4.2 million barrels per day (bpd) supply cut has fallen back to 75% in March is casting a shadow over the crude oil tanker markets, with s ... »
31 Mar 2009
Positive signs for global container shipping sector
After more than nine months of a sharp downward trend, the global container shipping industry is showing signs of improving in the second quarter, said a senior containe ... »
31 Mar 2009
Shipowner bails out of shipping futures
The shipowner who once controlled about 15 per cent of global trading in shipping futures has pulled out of the market to concentrate on building ... »
31 Mar 2009
Gulf tanker rates may be bottoming out
The cost of delivering Middle East crude oil to Asia, down a quarter this month, may resist further declines as some vessel owners refuse to ship consignments at unprofitable rates. Global renta ... »
31 Mar 2009
Boxship Lay-Ups Level Off
The number of laid-up container ships stabilized over the past fortnight, breaking five months of steep increases, as ocean carriers re-activate idle vessels with the onset of the sprin ... »
31 Mar 2009
Baltic Dry Index seen plunging 40% by mid-2009
The Baltic Dry Index, a measure of global seaborne trade, may drop as much as 40 per cent by mid-2009 as weak steel demand and falling grain shipments exacerbate a seasonal ... »
31 Mar 2009
ExxonMobil single hull turned away from Valdez terminal
A single-hulled panamax crude oil tanker belonging to US oil major ExxonMobil has been turned away from loading at a terminal in Valdez, Alaska. According to local reports, the US Coast Guard barred the S/R Ba ... »
31 Mar 2009
Despite Patrols, Somalia's Pirates Are Busier Than Ever
Just when shipping companies thought it was safe to go back into the water — off the Horn of Africa in particular — Somali pirates last week nabbed two large chemical tankers w ... »
31 Mar 2009
DJ Tokyo Electric Power: To Buy LNG From BHP Billiton, Others
Tokyo Electric Power Co. (9501.TO) said Tuesday it agreed to renew a liquefied natural gas purchase contract with six suppliers operating in western Australia.
The Japanese power company known as TEPCO sai ... »
31 Mar 2009
China's Xinjiang Hami to build 100 mln ton coal production base
China will build a 100 million ton coal production base in Hami region, the east gate of Northwest China's Uygur Autonomous region of Xinjiang for the W ... »
31 Mar 2009
China Talk Chills Steelmakers
Shares of the world's three big iron-ore miners slumped on Monday after a Chinese official claimed steel mills in his country have wre ... »
31 Mar 2009
EPA head announces new port emissions proposal
Federal government officials want stricter emissions standards imposed on large ships to improve the air quality of major seaport communities.
Environmental Protection Agency Ad ... »
31 Mar 2009
Somali Pirates Arrested After Failed Attack on German Tanker
European Union and NATO naval forces teamed up to arrest seven suspected pirates after they attacked a German naval tanker and will decide later today where to send them ... »
31 Mar 2009
Palmali received a new tanker
Baku, Fineko/abc.az. “Krasnoye Sormovo” Nizhny Novgorod’s ship-building plant (a part of MNP Group) has transferred Samur River vessel, the sixth ship of “New Armad ... »
31 Mar 2009
TBS International Limited Reports Fourth Quarter and Year Ended December 31, 2008 Financial Results
TBS International Limited announced yesterday its financial and operating results for the fourth quarter and year ended December 31, 2008.
Management Commentary:
Joseph E. Royce, Chairma ... »
31 Mar 2009
StealthGas INC Weekly Market Report 20-Mar-2009 27-Mar-2009
NWE/MED - In the NWE coaster market, this week’s activity was more or less
unchanged with only a certain number of enquiries and not many vessels
fixed. Vessels are still open prompt in the region b ... »
31 Mar 2009
China's Baosteel says will be back in black in Q1
China's Baoshan Iron and Steel Co Ltd, the country's largest steel maker, expects to return to profit in the first quarter of this year after posting a big fourth quarter loss, ... »
31 Mar 2009
Options Turn Most Bullish on Aussie, Kiwi Since 2003
Investors are the most bullish on Australian and New Zealand dollars since 2003, anticipating that spending on commodities will increase as central banks print unprecedented amounts ... »
31 Mar 2009
Analysis: China's launch of steel futures may change global pricing system
Shanghai Futures Exchange started trading of steels futures contracts on Friday, which is hailed as a sign that China's steel industry has taken an important step forward in the process of marketization in the ... »
31 Mar 2009
China's top coal province to trim coal output
China's top coal-producing province, Shanxi, plans to produce 650 million tonnes of raw coal in 2009, down 2 percent from the previous year, the official Xinhua News Agency ... »
31 Mar 2009
Shanghai 'no threat to Hong Kong port'
Hong Kong has nothing to fear from Shanghai's development into an international shipping centre, as the former has a unique advantage in professional services for the industry, accordin ... »
31 Mar 2009
Nippon Yusen Plans Car Terminals in India, China, Nikkei Says
Nippon Yusen K.K. plans to build and expand port terminals for cars in India and China, Nikkei English News said, without citing anyone. The Tokyo-based shipping line will build a terminal a ... »
30 Mar 2009
Barry Rogliano Salles Weekly Dry Bulk Market No 628
The bulk market saw more declines this
week, with only the Panamax sector
managing to hold onto earlier levels. Ore
activity between Australia and China
keep the market going, however, and the
Pacific routes lo ... »
30 Mar 2009
Australia: Newcastle coal exports fall 21.5%
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell 21.5 per cent to a five-week low in the past week, while the number of coal ships enterin ... »
30 Mar 2009
China steel makers cut advances for 2009 iron ore import
Chinese steel makers will prepay about 60 percent for the imported iron ore to be delivered this year before China Iron and Steel Association (CISA) and overseas iron ore giants reach agreement on the price, a ... »
30 Mar 2009
Steel imports drop with demand
Imports of steel, one of the commodities contributing to passage of the TARP's Buy American provision, dropped in February yet are taking a larger share ... »
30 Mar 2009
Vietnam: Government says yes to coal export
Though the group has a stockpile of over six million tons, the Ministry of Industry and Trade has only permitted it to export three million tons or less a year. The ministry has also told Vin ... »
30 Mar 2009
Chinese iron ore prices back to 2007 levels
Iron ore miners have struck deals with Chinese steel mills to temporarily sell shipments at 40% discount to last year's term rates, aiming to secure volume even as the miners' ... »
30 Mar 2009
Chinese coal industry to experience high stockpile pressure
It is reported that in the last two weeks, coal stock at Qinhuangdao port has dropped almost by 1 million tonnes but does this mean the coal industry has warmed up? Not r ... »
30 Mar 2009
Brazil's Steel Co CSN 4Q Net Profit BRL3.9 Billion Vs BRL508 Million
Brazilian steelmaker Companhia Siderurgica Nacional (SID), or CSN, reported a fourth-quarter net profit of 3.9 billion Brazilian reals ($1.7 billion), up from BRL508 mill ... »
30 Mar 2009
China's Chalco says 2008 profit down nearly 100%
Aluminum Corp. of China Ltd, or , said Monday its 2008 net profit fell nearly 100 percent from a year earlier and that the company expected to swing to a net loss in ... »
30 Mar 2009
China Shenhua cuts 2009 capex by 16 pct
China Shenhua Energy Co, the world's biggest coal producer by market value, cut capital spending by 16 percent for 2009 because of falling power demand amid the global financial crisis. The company earmarked 29.9 ... »
30 Mar 2009
Chinese Stimulus Package Won't Rescue Commodity Prices
China's stimulus package of more than US$500 billion is to target infrastructure projects in particular, which as Standard Chartered notes implies in ... »
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