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Worldwide Container Shipping news - Archive 2009, November
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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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30 Nov 2009
Chinese Qinhuangdao Coal Price Rises an 11th Week on Winter Use
Coal prices at China’s Qinhuangdao port, a benchmark in the world’s biggest producer and ... »
30 Nov 2009
European Demand for Imported Coal May Stay Weak, Euracoal Says
European demand for imported coal may be kept “weak” by the price of competing gas and increased power generation from renewable sources, industry group Euracoal sa ... »
30 Nov 2009
MEPS forecasts a 2 million tonne drop in stainless steel output in 2009
Global crude stainless steel production in 2009 is expected to decline to 23.9 million tonnes. This equates to a 9.2 percent reduction on the outturn in the previous twelve months.
Our forecast for stainle ... »
30 Nov 2009
China 2009 coal output predicted to approach 3 bln tons on booming demand
China is expected to produce nearly 3 billion metric tons (tonnes ... »
30 Nov 2009
Several box ships and an aframax scrapped last week
The world's largest cash buyer, US-based Global Marketing Systems (GMS), told Ocean Intelligence on Sunday that “a number of private container vessels were sold this week” to Indian breakers.
The ... »
30 Nov 2009
S Korea's KDB pours $1.72 bln fund to beef up shipping industry
South Korea's state-run Korea Development Bank (KDB) said Monday it reached a deal to purchase of a vessel from a local shipping line in a bid to bolster the nation's ailing shipping industry.
... »
30 Nov 2009
GCC closer to globally aligned maritime laws
At least of two of the six GCC countries are moving closer to internationally aligned maritime laws, a progression that could see the region catching up with the chan ... »
30 Nov 2009
Polaris Minerals and CSL International restructure shipping contracts
Polaris Minerals Corporation today announced that a commercial agreement, benefitting both parties, has been reached with CSL International. The agreement includes extending the Compan ... »
30 Nov 2009
Carriers move to deeper ports with lower box costs
After reporting a 26 percent drop in container traffic in the first nine months of this year, Hamburg port is bracing for a further fall in throughput as two major lines ... »
30 Nov 2009
Liners jump ship from DP World to PSA
Indian reports say PSA International has won over three box liners from rival operator DP World, to use its new terminal in Chennai by offering lower rates.
A service (Indfex 2) run by Pacific International L ... »
30 Nov 2009
Norway Says IMO Should Regulate Global Emissions From Shipping
Norway, the world’s fifth-largest shipping nation, said regulating emissions from the shipping industry should be left up to the International Maritime Organization.
“The gene ... »
30 Nov 2009
Veteran exec undaunted by shipping woes
Tom Boardley said he is not fazed by his baptism by fire in one of the leading roles in the global maritime industry. Since he took over as marine director of Lloyd's Register, the shipbuildi ... »
30 Nov 2009
COSCO sees recovery in shipping demand
Shipping demand has recovered as the global economy has come through the worst of the downturn, the head of the world's largest dry bulk ship operator said ... »
30 Nov 2009
IMO Assembly elects new 40-Member Council
The Assembly of the International Maritime Organization has elected the following States to be Members of its Council for the 2010-2011 biennium:
Category (a) 10 States wit ... »
30 Nov 2009
CLARKSON HELLAS S&P WEEKLY BULLETIN
In the Kamsarmax sector, the freshly built M/V STAR OF ABU DHABI (81.200 dwt 2009 blt Universal) is committed to Chinese buyers at US$ 42m. The sale includes 5 years TC back at region $19,000 per d ... »
30 Nov 2009
Zim introduces super slow steaming to ZCS and EMX services
Israel's flag carrier Zim's East Mediterranean Express Service (EMX) and Zim Container Service (ZCS) will experience longer transit times as it introdu ... »
30 Nov 2009
Trade, unions start reacting to increasing piracy off west African coast
Last Tuesday’s killing of a ship’s officer while seriously injuring his colleagues aboard an oil tanker off the coast of west Africa seem to have started impa ... »
30 Nov 2009
Pirates say ship crew to die if China tries rescue
Somali pirates warned on Monday they would kill the crew of a Chinese bulk carrier if China's navy attempted to wrest control of the vessel from them.
In a stateme ... »
30 Nov 2009
Maersk to stop Chennai calls
Maersk Line plans to stop making calls at Chennai port from January, according to shipping industry sources. The port will be ... »
30 Nov 2009
ATLANTIC CAPESIZE INDEX 23/11/2009 30/11/2009
The Atlantic Capesize index
dropped more than 1,800 points
last week to 16,284 points, ... »
30 Nov 2009
PACIFIC CAPESIZE INDEX 23/11/2009 30/11/2009
The SSY Pacific Capesize Index
retreated from its year-high of
15,800 points to 13,081 ... »
30 Nov 2009
Coal India seeks to sidestep freight rate volatility
Coal India Ltd (CIL), the Rs 45,796-crore government company, has started talks with global shipping lines and major domestic and foreign ports in order to escape freight rate volatility w ... »
30 Nov 2009
Vale may build iron ore distribution centre at Qingdao Port
It is reported that Brazilian ore miner Vale prepares to set up its own iron ore distribution centre in China. Shortly before, it has signed a cooperation pact with Dalian port to distribute 5 m ... »
30 Nov 2009
Indian Government puts shipping sector on alert post Dubai financial crisis
The government said it has sought detailed information from all ports associated with DP World to assess the impact of Dubai debt crisis on Indian shipping sector. "Alerted after r ... »
30 Nov 2009
Sakhalin shipping company buys 4.805 thou tons dwt. container-carrier
Sakhalin Shipping Company OJSC (SASCO) bought a 1995 container-carrier of 4.805 thou tons dwt for regular container ... »
30 Nov 2009
Largest tanker sold
First Olsen Pte, a wholly owned subsidiary of Fred Olsen Production ASA, has agreed to sell the 565,000 dwt FSO ‘Knock Nevis’. The company has confirmed that it has ... »
30 Nov 2009
Hutton's MD honoured in business awards
Alex Taylor, Managing Director of the UK’s leading ship supplier, Hutton’s, has been voted Young Businessperson of the Year during an influential regional awards ceremony this week.
Th ... »
30 Nov 2009
Denmark will help Africa fight the pirates
The Danish Shipowners' Association has been in dialogue with a number of East African countries about a new plan, using Danish maritime knowhow to build at fleet of African coast guard pat ... »
30 Nov 2009
Maritime conference to find ways to fight pirates in South China Sea
Malaysia urged countries attending the Langkawi International Maritime and Aerospace (LIMA) Exhibition 2009 International Maritime Conference to think of ways to curb the unconve ... »
30 Nov 2009
Orion to become Eitzen Bulk
Dampskibsselskabet Orion, an old Danish listed shipping company, is to become a big new Danish player under the name of Eitzen Bulk, after being merged with Oslo-l ... »
29 Nov 2009
Australia Newcastle Thermal Coal Declines 1.5 Percent to $81.03
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 1.5 percent, declining for the first time in si ... »
29 Nov 2009
Antaike sees China aluminium demand, exports up in 2010
China's annual consumption of primary aluminium is expected to rise 15 percent to 15.9 million tonnes next year as the Chinese economy rises and demand for Chinese goo ... »
29 Nov 2009
Port squeeze slows Russian coal exports to Asia
Russia has cut coal exports to Asia this month due to severe delays unloading frozen rail cargoes at the Pacific port of Vanino, where one export terminal is shipping only half of th ... »
29 Nov 2009
Indonesia: Steel makers to avoid prolonged downturn
The metal, iron and steel industries expect costs to fall and demand to level up next year, helping manufacturers to avoid continued contrac ... »
29 Nov 2009
Coking coal jumps on China imports
A huge increase in imports by China, particularly from Australia has seen a spurt in coking coal prices. Spot prices of the commodity are ruling around $175 per tonne at present, compared to ... »
29 Nov 2009
Steel prices likely to rise in the months ahead: Irani
Steel prices are likely to increase in the months ahead amid growing demand, a top industry official said on Saturday.
“Steel prices may pick up in the months ahea ... »
29 Nov 2009
Australia sees boom in minerals, energy sectors
Investment in energy and minerals projects have jumped 40% in the six months from April this year, accordin ... »
29 Nov 2009
China coal output up 21.1 pct year on year in October
China's National Development and Reform Commission, the country's top economic planner, reported on the performance of the coal industry in October. ... »
29 Nov 2009
Carbon contracts firming up
Crude oil prices are weaker this morning. In equity markets, Japan’s Nikkei shed 3.22% despite ... »
29 Nov 2009
Sesa Goa expects 25pct output growth by FY10
Iron ore producer Sesa Goa, a part of mining major Vedanta Resources said that it expects a 25% growth in output this fiscal and plans to ramp up production around thr ... »
29 Nov 2009
China 2009 Gold Demand, Output May Gain to Records
China, the world’s largest gold producer, may have record demand and output this year as jewelry consumption soars and miners expand production after prices reached all-time highs, according to the Ch ... »
29 Nov 2009
China's Sinosteel taps Turkish market
With competitive prices and improved quality, China's steel giant Sinosteel Corporation is exploring the market potential in Turkey's steel industry as an equipment provider an ... »
29 Nov 2009
Analysts expect next quarter to be better for Tata Steel
Tata Steel acquired Corus for $12 billion, making it the biggest outbound acquisition by an Indian company. It moved Tata Steel up the pecking order in an industry where ... »
29 Nov 2009
Commodity Trends: Sugar imports surge in India
India is set to import a record six million tonnes of sugar in 2009-10 season due to a sharp dip in production, according to USDA as against an import of 2.8 mn ... »
29 Nov 2009
Global coal prices set to jump
Resurgent growth in the Indian and Chinese economies will strain world coal supplies, boding well for coking coal producers such as NZX-listed Pike River Coal and government-owned ... »
29 Nov 2009
Global steel demand expected to grow in 2010
Industry association the World Steel Association (WSA) forecasts that apparent steel use will contract globally by –8,6%, to 1,104-million tons, in 2009, a ... »
29 Nov 2009
Recession hits steel scrap supply in 2009, 2010
Global scrap supply will fall in 2009 as the economic downturn hits recycling activity and next year the developed world's recovery will be key for scrap a ... »
29 Nov 2009
Giant CMA CGM Ship Makes Maiden Call At Westports
As an early appetizer for 2010, one of the world's largest containership, the 13,300-TEU CMA CGM Christophe Colomb made its maiden call at Westports Malaysia Container Terminal last Sunday.
It rep ... »
29 Nov 2009
Dubai World's default won't hit us: Kochi port chief
A debt default request by Dubai World will not affect the ongoing construction of the international container terminal near here, bein ... »
29 Nov 2009
New RoRo Facility At Indian Oil Port Begins Construction
A meeting with Shipping Minister G.K. Vasan yesterday confirmed that the Paradip Port Trust was on target to meet its commitments with regard t ... »
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