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Worldwide Container Shipping news - Archive 2009, October
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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 Oct 2009
Charles R. Weber Weekly Tanker Report Week 44 The BRIC affect...
In the first ten months of 2009, the number of barrels of crude oil transported by tankers averaged 1.67 mb/d lower than during the same period in 2008. This equates to an approximate decline of 5.59%.
... »
31 Oct 2009
Gibson Tanker Report NUMBER CRUNCHING
In the 3rd quarter of this year tanker returns in both crude and product tanker markets
were at the lowest levels we have seen this decade, although some positive developments
have been registered recently in a number of trades.
... »
31 Oct 2009
Barry Rogliano Salles Weekly Dry Bulk TANKER No 646
In the Middle East Gulf, the VLCC market has been much
quieter than last week but this, hopefully, has had no immediate
consequence on the rates.
Download ... »
31 Oct 2009
WEEKLY MARKET REPORT Week 44
The market indices are quite volatile, mainly in the larger sizes (BCI/BPI) whilst the smaller segments have
declined. Thus no real market direction is being offered.
... »
31 Oct 2009
Bassoe Friday Report Week 44
Stand-off remains the operative word in the VLCC market. This
week has seen charterers slowing down their pace considerably,
attempting to force rates back down after the latest run.
... »
31 Oct 2009
Iron ore stocks down 1 pct in Chinese ports -Mysteel
Imported iron ore inventories at major Chinese ports decreased by nearly 1 percent on the week to Friday, indus ... »
31 Oct 2009
Steel Authority of India Profit Falls on Lower Prices
Steel Authority of India Ltd., the nation’s second-biggest producer, reported a 17 percent drop in second-quarter profit and sales because of lower prices.
Net income declined to 16.6 billion rupees ($352 million) in the three
months ende ... »
31 Oct 2009
Rio Tinto Upgrades 2010 Capex Forecast To At Least US$5 Billion
Rio Tinto Ltd. on Friday more than doubled its capital expenditure forecast for 2010 to at least US$5 billion in a clear sign that the mining giant anticipates a further improvement in demand for its products.
The Anglo-Australian dive ... »
31 Oct 2009
Hebei Steel cuts November prices
The Heibei Iron and Steel Group announced it is to cut the ex-factory prices of some products in November, with wire rod and screw steel down by 50 yuan/ton,
hot ... »
31 Oct 2009
Arch Coal 3Q tumbles, but co. sees recovery signs
Coal miner Arch Coal Inc. said Friday its third-quarter profits plunged, but that operating margins in all regions have begun to improve.
"In light of the 'Great Recession ... »
31 Oct 2009
Australia approves Baosteel stake in Aquila
China's largest steelmaker Baosteel Friday won approval to take a 285.6 million dollar (261.5 million US) stake in Aquila Resources,
the Australian mining company said. Aquila said Australia's Foreign
Investment Review Boar ... »
31 Oct 2009
South Australian miners 'defy global downturn'
The South Australian resources sector remains strong despite a fall in commodity prices and exploration spending linked to the global financial crisis, the South Australian Chamber of Mines and Energy says.
Addre ... »
31 Oct 2009
Australia: Government approves $1.8 billion project
The Federal Government has given the green light to a $1.8 billion iron ore project in Western Australia's Mid-West.
The Federal Environment Minister Peter Garrett has signed off on Gindalbie Metals' Kar ... »
31 Oct 2009
Vale aims for 310Mt iron ore output in 2010 - Brazil
Brazilian miner Vale is shooting for iron ore output of 310Mt in 2010, CFO Fabio Barbosa said during a conference call.
"Depending on the conditions of mines and logistics constraints we may
reach nominal capacity of 300-310Mt depending ... »
31 Oct 2009
China, 'Prisoner of Success,' Facing Ore Price Gain
China’s biggest adversary in this year’s iron ore price talks is China. The nation’s 4 trillion yuan ($586 billion) stimulus package has sparked record imports of the steelma ... »
31 Oct 2009
Chile's operator STI ups handling capacity by 40%
Chile's San Antonio port said its private operator San Antonio Terminal Internacional (STI), in region V, will increase its cargo transfer capacity by 40 percent with addition of two cranes, reported Business News Americas. ... »
31 Oct 2009
Gangavaram port sets record in coal discharge
The Gangavaram port set a record on October 25 by discharging 48,545 tonnes of coking coal from the vessel, m.v Luminous Halo, in 24 hours, according to a press release ... »
31 Oct 2009
Taiwan: A Gate Opens in the North
The atmosphere at the Port of Taipei was more vibrant than usual on the cool morning of February 18 this year.
Port officials looked on expectantl ... »
31 Oct 2009
Shanghai Port Q3 net down 30 pct
Shanghai International Port (Group) Co , China's biggest port operator, posted a 30 percent fall in its third quarter earnings as global trade showed no clear signs of ... »
31 Oct 2009
India: Protectionism won't help anyone but shipowners
After months of lobbying, local shipowners are within striking distance of attaining their goal of completely preventing foreign ships from operating along the country’s coast.
A government-appointed committee headed by maritime lawyer S.
... »
31 Oct 2009
SingTel wins Lloyd's List Asia Award for maritime innovation
Singapore Telecommunications Limited (SingTel) announced Friday it has won the prestigious 2009 Innovation Award from Lloyd’s List Asia, a leading global shipping news publication.
SingTel received this award for its leadership in ... »
31 Oct 2009
Can I spend my career in shipping?
While the sea might seem an attractive career choice for a young person, with good rewards, long holidays, interesting work and responsibility at a young age,
reality shows that few people will spend their whole career afloat.
Family ties in ... »
31 Oct 2009
GE Shipping Q2FY10 consolidated Net Profit at Rs.108.47cr
The Board of Directors of The Great Eastern Shipping Company Ltd. (G E Shipping) today approved the Unaudited Financial Results (Provisional) for the second quarter of FY 2009-1 ... »
31 Oct 2009
Israel Corp to Vote Sunday on Zim Rescue
Israel Corp's shareholders are scheduled to vote Sunday, Nov. 1, on a complex financial restructuring of its ocean container unit Zim Integrated Shipping.
The rescheduling of debt, bond obligations and ship charter fe ... »
31 Oct 2009
Asian shipping lines suffer further losses
Two of Asia’s biggest shipping lines this week announced major losses for the June-September quarter in a further sign of the unprecedented severity of the crisis battering the indust ... »
31 Oct 2009
Feature: Aviation learns from shipping
Aviation, often held up as a role model for shipping, has been taking lessons from the maritime world. The exchange of information and ideas between the two industries may have been predomina ... »
31 Oct 2009
China COSCO Q3 net loss narrows, shares up
China COSCO Holdings, the country's largest shipping group, narrowed its quarterly losses as China demand drove a rise in bulk cargo volume and freight rates and the container shipping market improved.
China COSCO made a net loss of 690.7 ... »
31 Oct 2009
The Death of Shipping and BDI Is Premature
In August and September the outlook for shipping and dry bulk shipping rates, was very poor even while the stock market surged up in September. This r ... »
31 Oct 2009
Fellowship: Fuel cells on the brink of commercialization
Now successfully installed aboard the OSV Viking Lady, fuel cell technology is one step closer to a commercial application for the maritime industry.
Launched in 2003, the FellowSHIP project began with a feasibility study
and completed basic ... »
31 Oct 2009
EU's Third Maritime Safety Package entered into force - Main elements and implications
The entry info force of the EU’s Third Maritime Safety Package constitutes the largest ever package of legislative acts on maritime safety.
Future focus is now on proper implementation. Strengthened ... »
30 Oct 2009
POSCO plans to ramp up Dalian presence
POSCO of South Korea, one of the world's largest steel mills, has held discussions with senior government officials in the Chinese northeast city of Dalian this week to set up a steel mill at the rapidly industrializing nearby Changxing Island.
P ... »
30 Oct 2009
China facing structural oversupply of coal in 2009
China is facing an apparent structural oversupply of coal despite of recovering coal demand in downstream sectors, said Li Ting, an analyst with an information services provider.
The oversupply can be se ... »
30 Oct 2009
Cayman Registry showcases at Monaco
The Cayman Registry once again was in attendance at the prestigious Annual Monaco Yacht Show in September held at the Port Hercules yacht basin. This year marked the 19th consecutive year for the event.
Cayman Registr ... »
30 Oct 2009
Novoship enlarges its fleet
October 28, 2009, a new tanker NS Burgas, deadweight 156.6 thousand tons, enlarged OJSC Novoship’s fleet (Sovcomflot group of companies),
company’s press-service informed. NS Burgas is the first of four
tankers of ‘Suezmax&rsqu ... »
30 Oct 2009
Maersk/Brostrom integration on track
The integration of Brostrom and Maersk Tankers was ahead of schedule both in terms of time and synergies, Maersk Tankers said this week.
Speaking with 'TANKEROperator', CEO ... »
30 Oct 2009
China to send fresh anti-piracy navy convoy
CHINA will deploy a fresh naval convoy to the Gulf of Aden to protect vessels from Somali pirates, state media said today, just 10 days after a Chinese cargo ship was hijacked by armed bandits.
The flotilla setting sail tomorrow will co ... »
30 Oct 2009
Investigation shows container ship likely to blame for collision with destroyer
In an investigation into a crash between a Japanese Maritime Self-Defense Force (MSDF) destroyer and a commercial container vessel in southern Japan on Tuesday,
the Japan Coast Gu ... »
30 Oct 2009
d'Amico International Shipping S.A. publishes third quarter results
The Board of Directors of d’Amico International Shipping S.A. approves Q3 2009 Results and the Company’s 2010 financial calendar.
‘Difficult market environment reflected by the Q3 Net Loss of US ... »
30 Oct 2009
China Minmetals urges industry leaders to diversify iron ore sources
China Minmetals, the country's largest state-owned metals trader, has urged industry leaders to diversify iron ore supply and improve negotiation tactics to reverse China's unfavorable position in global iron ore deals, China Daily reported Thursday. ... »
30 Oct 2009
Philippines aiming to join China's resource boom
The Philippines is aiming to be one of the next nations to cash in on China's insatiable appetite for resources, with the Asian neighbours working to build closer mining ties, officials from both sides say.
The Southeast Asi ... »
30 Oct 2009
Sovereign wealth funds to focus on commodities, emerging markets in 2010
Sovereign wealth funds will focus their buying on natural resources and emerging markets in 2010, after picking commodities over financials for most of their $94 billion investments this year, a senior Barclays banker said ... »
30 Oct 2009
Nippon Steel lifts forecast despite China worries
Nippon Steel Corp, the world's No.2 steelmaker, sees pressure on steel prices coming from China ramping up production, as signs of improving demand helped it post a smaller-than-expected second-quarter loss.
Nippon Steel, which trails Arce ... »
30 Oct 2009
China: Government to set up four int'l harbor affairs firms in '11
The Ministry of Transportation and Communications (MOTC) has planned to set up a Shipping Affairs Administration in 2011 to su ... »
30 Oct 2009
PD Ports announces MGT Power station another step closer as environmental consent is granted
PD Ports has received Environmental Impact Assessment (EIA) consent from the Marine and Fisheries Agency (MFA) in relation to the QEII berth redevelopment at Teesport.
This formal consent together with its associated licence ... »
30 Oct 2009
Nigeria: Banks tackle inadequate funding in maritime sector
A number of banks have risen to tackle the problem of inadequate funding in the local maritime sector. Maritime sector operators have always identified inadequate funding as one of the barriers to the development of the sector.
The other f ... »
30 Oct 2009
Varun Shipping profit drops 70% to Rs 130 cr
The crash in freight rates has pulled down Varun Shipping Company’s net profit 70.52 per cent. The country’s biggest liquefied petroleum gas (LPG) carrier reported profit of Rs 130.5 crore for second quarter this financ ... »
30 Oct 2009
DNV and COOEC sign strategic cooperation agreement
DNV and Offshore Engineering Co., Ltd. (COOEC), a leading engineering company in China, has signed a strategic cooperation agreement.
The agreement illustrates that the cooperation between the two leading companies has entered a new level. ... »
30 Oct 2009
Matson 3Q Operating Profit Drops 23 Percent
Alexander & Baldwin said Wednesday that Matson Navigation, its ocean transportation segment, earned an operating profit of $24.2 million in the third quarter ended Sept. 30, down 23 percent from $31.4 million a year ago.
Matson’s revenu ... »
30 Oct 2009
McQuilling Services, Weekly Note No. 28 - VLCC Retirement Options
With 2010 just a few months away, bringing with it looming deadlines for the single-hulled tanker fleets as per regulations in IMO 13G,
Downl ... »
30 Oct 2009
India GAIL buys Nov LNG cago from Repsol-sources
GAIL (India) Ltd. will buy a liquefied natural gas (LNG) cargo from Spanish firm Repsol after a planned deal with British firm BG fell through, two sources at the Indian firm said on Thursday.
"The deal ... »
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