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Worldwide Container Shipping news - Archive 2009, July
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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 Jul 2009
S.Korea KPIC targets $3/T discount on 2009-10 term naphtha
Korea Petrochemical Ind Co Ltd is targetting a discount of $3 per tonne to Japan spot quotes in its term naphtha tender to buy 300,000 tonnes for delivery between October 2009 and September 2010, traders said on Friday. KPIC had shortlisted offers
... »
31 Jul 2009
Steel Authority of India net slips 27%
State-run steel major Steel Authority of India Ltd (SAIL) on Thursday reported 27.7 per cent fall in its net profit to Rs.1,326 crore ($274 million) for the quarter ended June 30, as compared to Rs.1,835.1 crore in the like period last ye ... »
31 Jul 2009
Cameroon and Rio Tinto sign production accords
Cameroon and a subsidiary of Anglo-Australian mining firm Rio Tinto have signed an agreement to build an aluminium plant and a hydroelectric dam, the state daily Cameroon Tribune reported Thursday. The agreement signed by Prime Minister Philemon
... »
31 Jul 2009
Anglo American Profit Falls as Metal, Gem Prices Drop
Anglo American Plc, owner of stakes in the world’s biggest diamond and platinum producers, said first-half profit fell 31 percent as prices of the commodities tumbled to half the record levels reached last year. ... »
31 Jul 2009
APM Terminals Fined for Stormwater Violations at Port of Los Angeles
One of the world's largest container terminal companies is being penalized $47,100 for violations of its stormwater permit at the Port of Los Angeles over more than three years, the U.S. EPA has announced. APM Terminals Pacific Limite ... »
31 Jul 2009
Port of Houston Extends Free Time
The Port of Houston will extend free time for most inbound cargo during the recession. During its regular meeting July 29, The Port of Houston Authority Port Commission approved services and construction contracts and a ... »
31 Jul 2009
DP World's port business drops 10%
Cargo handler DP World says business at ports it runs dropped ten per cent in the first half of 2009 as the shipping industry struggles through a sharp downturn caused by the global recession. The Dubai-based port operator said it moved the equ ... »
31 Jul 2009
CSAV seeks extra $300m via new equity offering
CSAV, the Chilean shipping group battling to steer a course through the hazards of the container market, has told investors that it will seek to raise another $300m through a new equity offering. Shareholders have been invited to an emergency general ... »
31 Jul 2009
Ship leaking fuel off Norway after running aground
A Chinese-owned dry-bulk vessel is leaking fuel after running aground near Langesund on the Norwegian coast during stormy conditions overnight, rescue authorities said on Friday. The Joint Rescue Coordination Centre said 16 sailors had been evacuated ... »
31 Jul 2009
Vessels without enough crew 'are a hazard to shipping'
TOO many merchant vessels are still sailing around Britain's coast with too few crewmen to operate safely and are a hazard to shipping, the head of the Marine Accident Investigation Branch (MAIB) has warned. In one incident last year, a cargo boat ra ... »
31 Jul 2009
German Ship Ransom Increased to $4 Million, Somali Pirate Says
Somali pirates holding a German container ship for ransom increased their demand to $4 million from $3 million after the raiders disagreed among themselves on how to divide the money, a member of the gang said. The German-flagged Hansa Stavange ... »
31 Jul 2009
Indian unions lobby shipping minister on criminalisation of seafarers
Seafarers’ unions have called on the Indian government to support their campaign against the criminalisation of seafarers and help secure the release of the practice’s latest victims. The Indian Seafarers’ Federation - repres ... »
31 Jul 2009
Barbed wire -- low-tech defence against pirates
Razor-sharp barbed wire strung along the deck railings of vessels can be an effective, low-cost foil to pirates at sea, and shipowners should adopt it widely, a Danish shipping executive said on Thursday. Piracy has flourished in recent years,
esp ... »
31 Jul 2009
GC RIEBER Shipping announces voluntary offer for Sea4 shares
GC Rieber Shipping today announces a voluntary offer for the acquisition of all the issued and outstanding shares in Sea4 at an offer price of NOK 3.50 per share. Sea4 has contracted two IMR subsea vessels of Skipsteknisk ... »
31 Jul 2009
McQuilling Services, LLC T a n k e r s Note No. 18 - The Changing Face of US West Coast Imports
The California Energy Commission has taken notice to the insufficient amount of storage and receiving capacity for crude oil in Southern California. In March 2003, an application to develop the Pacific Energy Pier 400/Berth 408 was filed with the Por ... »
31 Jul 2009
Iron spot price up as Asia returns
IRON ore spot prices have returned to $US100 a tonne amid growing confidence about sustained demand, and as Brazilian giant Vale signals further variations to the benchmark pricing system. Asian demand from outside and inside China is starting to gro ... »
31 Jul 2009
Indian ports get a facelift
To give a push to the much-needed infrastructure expansion at the 12 major ports, which handle about 75 percent of the country's maritime cargo, the ministry of shipping has identified 21 expansion projects on public-private partnership (PPP) basis a ... »
31 Jul 2009
Shipping companies to pay for late removal of empty containers
There are indications that a law which would penalise foreign shipping companies which fail to remove empty containers from Nigerian ports within specified period is now in the pipeline. The penalty, which would enrich the Federal Government, ... »
31 Jul 2009
Malaysian ports rise container throughput by 10% in Q2
Malaysian ports handled 10 percent more containers in the second quarter of the year compared to the first, reflecting a recovery in both domestic and transhipment cargo, the Business Times reported. Container tra ... »
31 Jul 2009
China Coal-Spot prices steady, coal imports stay robust
Spot prices of coal in China's top coal shipping port were steady from a week earlier, as supply remained abundant, while coal imports are expected to stay robust through the summer, traders and analysts said on Thursday. Pri ... »
31 Jul 2009
Ore imports in China set to slump at key port
Iron ore imports into one of China's main ports are set to slump by up to 50 percent over the next few months in the wake of events surrounding the Rio Tinto affair, according to a leading official. The severe drop is the first real evidence of ... »
31 Jul 2009
Demand fall, monsoon hit iron ore exports
Lower demand from Chinese steel producers and the monsoon affecting shipments has cut India’s iron ore exports by 45% to 5.6 million tonne in June over the previous month, says a joint study by a group of iron ore exporters.
The count ... »
31 Jul 2009
China spot iron ore prices above $100/T
Benchmark spot prices of iron ore in China, the world's biggest consumer, surged above $100 a tonne on Thursday, driven by active buying, industry consultancy Mysteel said, marking a 74 percent jump from April lows. Ore of 63/63.5 percen ... »
31 Jul 2009
Once-Hot Coal Piles Up as Demand Cools
Mountains of coal are piling up along the winding roads of Central Appalachia, a boon to buyers and a bane to miners. Coal companies centered in this region, which includes parts of Kentucky, Tennessee, Virginia and West Virginia, are seeing far fewe ... »
31 Jul 2009
BHP Billiton's new iron-ore pricing may collide with Chinese import curbs
Iron-ore pricing moves on Wednesday saw BHP Billiton remove 30% of its iron-ore from traditional benchmark pricing, accompanied by reports that China may issue far fewer iron-ore import permits in order to restore pricing balance.
While Mel ... »
31 Jul 2009
Iranian iron ore output in Q1 rises by 3pct YoY
Steel Orbis reported that Iran’s state owned miners produced 6,210,215 tonnes of iron ore in the Q1 of the current Iranian year up 3% from the same period in 2008.
As per report, Iran has been stepping up its exploitation and production of iro ... »
31 Jul 2009
Vale Sees Recovery in Ore, Metals Demand After Profit Slumps
Vale SA, the world’s biggest iron- ore producer, said demand for metals is starting to recover and it may boost output after second-quarter profit slumped.
Measures to counter the financial crisis “have started to b ... »
31 Jul 2009
Steel indices rebound in Q2
China's climate index for steel rose to 94.94 points and the early-warning index for the sector stood at 60 points in the second quarter of 2009, much higher than those in the first quarter, according to China's business climate index surve ... »
31 Jul 2009
Steelmakers gloomy on recovery prospects
The world's top two steelmakers posted quarterly losses and warned the industry's return to growth from the bottom of the economic slump would be gradual, with China leading the recovery while the West lags. Global leader ArcelorMittal forecast no re ... »
31 Jul 2009
Zhejiang to build 10 million tonne steel base in Ningbo
Shanghai Securities News reported that East China Zhejiang province is mulling to build a 10 million tonnes scale coastal steel production base in Ningbo in the wake of BaoSteel’s regrouping of Ningbo Steel. According to the industrial upgradin ... »
31 Jul 2009
Boost for old king coal
ANNOUNCEMENTS from Rio Tinto's Coal and Allied and its putative – senior? – partner BHP Billiton yesterday, neatly captured key features of our present and our future. Coal and Allied announced big revenue and profit increases for the Jun ... »
31 Jul 2009
Tata Steel net dips 47% on higher coal prices
Tata Steel, the biggest Indian steelmaker, has seen a 47 per cent drop in profit, to Rs 789.8 crore, in the first quarter of this financial year ending June, compared to the corresponding period last year. This is only the second occasion in the past ... »
31 Jul 2009
Xinjiang Zhundong possess 200 billion tonnes of proven coal reserves
It is reported that so far Xinjiang Zhundong coal field has had 200 billion tonnes of proved coal reserve. Mr Liu Chunsheng an industry insider said "We expect the coal field to have up to 390 billion tonnes of coal reserve. Zhundong b ... »
31 Jul 2009
280 Xstrata coal jobs go as mines scale back
DESPITE reopening a Queensland coking coal mine earlier this week, Swiss miner Xstrata has dashed hopes of an end to recent mine job cuts, announcing plans to slash 280 workers after a review of its NSW coa ... »
31 Jul 2009
Russian Transport Minister: oil transit via Ventspils Port unlikely to resume
There is not much hope that oil transit flows to Ventspils could resume, as Russian Transport Minister and co-chairman of the Latvia-Russia intergovernmental commission, Igor Levitin said in an interview to the newspaper Neatkariga. "Russia has ... »
31 Jul 2009
Construction of two Tianjing Port terminal projects starts
On July 28, construction of the Tianjian Port Nanjiang Special Ore Terminal project and the Tianjin Port Shenhua Coal Terminal auxiliary project began simultaneously. Investment in the two projects totaled 2.94 billion ... »
31 Jul 2009
Rotterdam Stevedore Warns of Capacity Glut
Rotterdam faces an enormous glut of container capacity when a new terminal begins operations in 2013, the head of the port's biggest box stevedore warned.
Rotterdam is already facing surplus capacity of between 1 milli ... »
31 Jul 2009
Teekay offshore partners announces pricing of follow - on offering
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced yesterday that it has priced its follow-on public offering of 6,500,000 common units, representing limited partner interests, at $14.32 per unit. Teekay Offshore has granted ... »
31 Jul 2009
Yara South Africa awards five year contract to Wilhelmsen Ships Service
Yara South Africa awards five year contract to Wilhelmsen Ships Service Wilhelmsen Ships Service (South Africa) (PTY) Ltd has signed a significant five year contract with Yara South Africa, one of the biggest fertilizer companies in South ... »
31 Jul 2009
Norwegian Havila Shipping Q2 '09 pretax profit rises to NOK114m
Norwegian company Havila Shipping ASA (OSL: HAVI) said yesterday its pretax profit jumped to NOK114m in the second quarter of 2009 from NOK14m a year earlier.
The company's operating profit surged to NOK103m in April-June 2009 from ... »
31 Jul 2009
Margins dipped due to rise in tanker rates: Varun Shipping
Varun Shipping announced its first quarter numbers for the financial year 2010. Its net profit declined to Rs 1.8 crore from Rs 21 crore and its net sales stood at Rs 176 crore. Commenting on the company’s performance in the quarter, Yudhishthi ... »
31 Jul 2009
Turkish marine industry seeks gov't support to fight crisis
The Turkish marine sector has demanded the government's help in overcoming the adverse effects of the ongoing global financial crisis. Mersin Chamber of Shipping (MDTO) Chairman Cihat Lokmanoğlu said Wednesday that the Turkish marine sect ... »
31 Jul 2009
PTT, ship owners ink deal
PTT will collaborate with the Thai Ship Owners' Association to help Thai vessels comply with the international standards for transporting petrochemicals. The tie-up will boost the opportunity for local shippers to provide more oil and liquefied-g ... »
31 Jul 2009
IMO tightens ship-to-ship oil transfer operation measure
The Marine Environment Protection Committee of the International Maritime Organization (IMO) has adopted the amendments to the MARPOL Convention to prevent pollution during ship-to-ship oil transfer operations. The MEPC has also agreed to
circula ... »
31 Jul 2009
Busy first half for pirates in region
THE first half of the year was a busy time for pirates in the region, with an apparent shift in focus as incidents declined in Bangladesh, India and Indonesia and rose in the South China Sea and Strait of Malacca as well as ports and anchorages in Vu ... »
31 Jul 2009
Jumbo Offshore :Ampelmann installed on Jumbo Javelin
Jumbo Offshore ready for windfarm installation jobs. One of Jumbo Offshore’s heavy lift & installation vessels, the DP2-ship Jumbo Javelin, is preparing to deliver installation services for offshore wind farms. It will be able ... »
31 Jul 2009
Shipping firms see profits sink in June
The global economic downturn that has caused world trade to slow and led to a steep fall in freight rates has taken its toll on the earnings of domestic shipping companies. Net profit at three of India’s largest shipping firms d ... »
31 Jul 2009
Surplus of LNG Ships May Reduce Vessel Orders, Clarksons Says
Shipyards including Samsung Heavy Industries Co. and Hyundai Heavy Industries Co. may see orders drying up for liquefied natural gas tankers because of a surplus of ships and low demand, a shipbroker said. There may be no new orders for LNG ve ... »
31 Jul 2009
Oil Tankers Store 140 Million Barrels, JPMorgan Says
Global inventories of crude oil and refined
products stored offshore rose to 140 million barrels, JPMorgan Chase & Co.'s
head of commodities research said.
Stockpiles among developed nations have increased by 100 million
barrels ... »
30 Jul 2009
China copper smelters halt spot concentrate imports
China's major copper smelters have not concluded spot copper concentrate imports this month as they hold out for higher treatment and refining charges which have fallen to $20 and 2 cents, an official at the China Smelters Purchase Team said on W ... »
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