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Worldwide Container Shipping news - Archive 2009, December
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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 Dec 2009
Sakhalin Energy Beats Targets for LNG, Crude Loading
Sakhalin Energy, Russia’s only producer of liquefied natural gas, loaded 81 cargoes of the fuel and 59 cargoes of oil, beating its targets for the year.
The OAO Gazprom-led operator of the Sakhalin-2 project in Russia&rsq ... »
31 Dec 2009
Tokyo Electric strikes coal deal at $85 p/t -source
Tokyo Electric Power Co has agreed to pay about $85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the price terms said on Thursday, in a sign suppliers have regained the upper hand in price talks.
Xstrata, ... »
31 Dec 2009
Prosperous year ahead for coal and steel
Steelmakers and steel exchange traded funds (ETFs) are girding themselves for a prosperous 2010 after a prominent analyst forecast higher prices for the metal. Following close behind could be coal prices, which are p ... »
31 Dec 2009
China: Steel industry condemns punitive US trade measure
The Chinese steel industry has strongly condemned a US move to slap preliminary anti-dumping duties on steel gratings imports, and is likely to appeal against the measu ... »
31 Dec 2009
Indian steel firms to hike prices in New Year
India’s SAIL, Essar and Ispat, all steel majors, are all set to hike prices by 3-4% or Rs 1,000-1,500 per tonne in January in line with rising global prices.
In November, international steel prices had gone up over 5% following a
rise in d ... »
31 Dec 2009
Nalco faces output fall on coal supply shortage
State-run National Aluminium Co Ltd (NALCO) could see a production loss of about 1,000 tonnes due to coal supply shortage after a machinery failure at its supplier mine, a senior company official said.
Nalco, India's third-largest aluminium make ... »
31 Dec 2009
Finalisation Of The Richards Bay Minerals BBBEE Transaction
Richards Bay Minerals (RBM) and its shareholders Rio Tinto and BHP Billiton are pleased to announce the completion ... »
31 Dec 2009
Liberia set to restart iron ore production in 2011
Liberia is set to restart its ore mines in 2011 after the easing of political instability in the country, the International Monetary Fund (IMF) has said in a report on Liberia. According to the report, ... »
31 Dec 2009
2009, the year of commodities, ends with a bang
Commodity markets are on course for their strongest year since 1973, lifted by oil's biggest annual gains in a decade and a 140 percent surge in copper prices.
With the Reuters/Jefferies CRB index .CRB on track for a 2 ... »
31 Dec 2009
Analysts forecast serious risk of excess steel supply and price weakness by H2-2010
Steel prices in 2009 have mirrored the global economic performance, with prices hitting lows in early Q2, before recovering through Q3. Asian prices were the first to move upwards, driven by the early adoption of the Chinese ... »
31 Dec 2009
Rising iron ore spot price augers well for miners
The cash price for iron ore delivered to China, the world's biggest buyer, rose the most in more than five months on concern exports from India will slow, boosting expectations for producers in annual price talks.
The price ... »
31 Dec 2009
Commodity Prices Buoyant in Year of Crisis, Recovery
Commodity prices were surprisingly buoyant in 2009, and are expected to increase further in 2010 as world activity expands after the global crisis.
At the outset of 2009, the sharp declines in prices of the previous
year seemed to foretell the u ... »
31 Dec 2009
Scrap from Alang boom for steel industry
In 2009, Indian steel industry witnessed a flood of trucks from Alang, the small town in India’s Gujarat state which has the word’s biggest shi ... »
31 Dec 2009
Major expansion of port on the way
The Port of New Orleans has some major projects to look forward to in the New Year. The renovations are geared toward taking advantage of the upcoming expansion of the Panama Canal.
By 2014 some of the largest ships no ... »
31 Dec 2009
Piling coal stocks forces Paradip Port to turn away ships
Paradip Port Trust is unable to accept any more coal ships in view of the huge built-up of coal stocks, more than two million tonnes, within the port premises.
The limited availability of railway rakes for evacua ... »
31 Dec 2009
Small ports hit target collection, big ports fail
REVENUES from the Bureau of Customs’ (BOC) collection are showing mixed signals in December, with most of the smaller ports able to hit their respective targets, but the Port of Manil ... »
31 Dec 2009
Johor ports waiting for govt nod on plan to rationalise
Port of Tanjung Pelepas (PTP) and Johor Port, both owned by MMC Corporation Bhd, is still waiting for the government's decision on the plan to rationalise their operations.
A source from PTP who refused to be named said the outcome of rece ... »
31 Dec 2009
Port of Tanjung Langsat to emerge leading chemical logistics hub
The Port of Tanjung Langsat (PTL), in Pasir Gudang, will emerge as the leading chemical logistics hub in South East Asia, given the edge it has over its competitors.
Menteri Besar Datuk Abdul Ghani Othman said the port's advantages were
obvious ... »
31 Dec 2009
India: Private ports to go for IPO in 2010
The year 2010 is will witness some of the private ports in India raising capital by selling shares through initial public offering. The ports that have so far decided to go through this route in 2010 include Gujarat Pipava ... »
31 Dec 2009
India's Port Capacity Expansion May Miss 2012 Target
India’s government may miss a target to add capacity at its 12 major ports as the economy grew less than anticipated and global trade slumped amid a recession, the shippin ... »
31 Dec 2009
Armada in bankruptcy protection
Armada Shipping SA says it is protected from enforcement measures by creditors after it filed for bankruptcy. According to reports the Swiss-based dry-bulk company took the action after a deal to buy the company fell through.
A company ... »
31 Dec 2009
The fortunes of maritime industry in 2009
Investigations have shown that one of the major developments recorded in the nation's maritime sub-sector in the year 2009, was it re-election into the world maritime regulatory body, the International Maritime Organization.
With this development ... »
31 Dec 2009
Better freight rates benefit GE shipping
GE Shipping has announced the sale of two assets of its offshore division, namely a platform supply vessel (PSV) and an under-construction platform/ROV supply vessel. And while ... »
31 Dec 2009
Eco-friendly shipping pact
Singapore on Friday acceded to an international eco-friendly shipping convention. It deposited its Instrument of Accession to the International Convention on the Control of Harmful Anti-Fouling Systems on Ships, 2001 (AFS ... »
31 Dec 2009
Shipping firms drop anchor to control carbon emissions
State-owned Shipping Corp, AP Moller Maersk, the world’s largest container line, and Bharati Shipyard are accelerating their moves to cut carbon emissions even as acrimony stalls a global climate deal, which may not be foreve ... »
31 Dec 2009
Box shipping recovery 'sooner than later'
CEO of German box shipping group Hamburg Süd said he anticipates recovery in the container shipping industry to occur ''sooner than later''.
"Experts predict that sea transport capacities and cargo will only
reach equilib ... »
31 Dec 2009
Floating crude, distillates storage play to be consistent theme in 2010
There is little incentive for trading companies to use large ocean-going oil tankers for storage of both crude oil and distillates, based on the current relatively flat forward price curves, tanker rates,
bunker costs and huge capital outlays ... »
31 Dec 2009
Next year to be tough for container shipping
The global container shipping industry faces a tough recovery in 2010 after the decline in global trade volumes this year, according to a forecast by Business Monitor International (BMI), the London-based global indu ... »
31 Dec 2009
Feature: 2010: shipping and beyond
With the first decade of the 21st century coming to a close, it would be very tempting to look back at the “noughties” for clues about the next decade and beyond. While a deg ... »
31 Dec 2009
Taiwan November Coal Imports Fall as Inventories Drop
Taiwan, which imports all of its coal needs, reduced purchases for a second consecutive month in November as power producers drew down inventories.
Shipments fell 14 percent from a year earlier to 4.58 million metri ... »
31 Dec 2009
Russian Seaborne Crude Oil Exports Scheduled to Drop in January
Russia, the world’s second-largest oil exporter, plans to reduce shipments of Urals and Siberian Light crude from four Baltic and Black Sea ports by 6.1 percent next month, according to the official loading schedule.
... »
31 Dec 2009
Total has UK LNG import buying options-South Hook Gas
Total's liquefied natural gas (LNG) import capacity at Britain's South Hook terminal allows the company to import fuel from alternative sellers and not just Qatargas 2, South Hook Gas said.
South Hook Gas is a part of the Qa ... »
31 Dec 2009
Analysts forecast long and flat steel demand to be relatively low in Q1-2010
Unlike US and EU, where steelmakers finish the year generally on a major note, recession in Middle East market is going on. Demand for flat steel products stabilized in recent days at low level, as well as demand.
The cost of Russ ... »
31 Dec 2009
Steel prices might witness a further increase following an increase in scrap prices
Construction sector in the UAE witnessed a massive drop in costs during the past 12 months. Prices of most materials dropped by more than half compared to 2008.
Producers and distributors said they experienced a difficult year as
reduced cost co ... »
31 Dec 2009
China issues 1st batch 2010 coal export quotas
China has issued its first batch of coal export quotas for 2010 at 25.5 million tonnes, expected to account for about half of total quotas for the year, trade sources said on Wednesday.
China's top two coal exporters, Shenhua Group and China Nati ... »
31 Dec 2009
China crude oil output down, coal output soars
China’s crude oil output dropped in November this year while its coal output recorded a robust growth during the same period, according to country’s Industry and Information Technology Ministry.
In a statement ... »
31 Dec 2009
China industry group reports 'difficult' iron ore talks
The China Iron and Steel Association has said global miners want a 20-30 percent hike in 2010 iron ore prices, complicating the tough ongoing negotiations, state media said on Wednesday.
The talks ... »
31 Dec 2009
Azerbaijan prepares tender for the construction of the Baku port
The Ministry of Transport of Azerbaijan has received the first part of technical documentation for the construction of the Baku international sea trade port ... »
31 Dec 2009
Antwerp Containers Fall 16 Percent
Antwerp, Europe's second largest port, handled 16 percent fewer containers in 2009 than in 2008, losing market share to its main European rival Rotterdam for the ... »
31 Dec 2009
Panama Canal expansion plan has Gulf ports racing for potential new business
With the recession showing signs of ebbing, Gulf of Mexico ports hope hundreds of millions of dollars in expansion projects proposed before the downturn will help them capture more trade as t ... »
31 Dec 2009
Ship owners shun Nigerian ports over attacks
Ship owners and chartered vessel operators are no longer willing to allow their vessels to call at any of the Nigerian ports for fear of attack by pirates.
It was learnt that the few ones that called do so at very high freights.
The ... »
31 Dec 2009
Key U.S. coal port to restart after breakdowns
Norfolk Southern Corp's Lamberts Point coal export terminal should be back in full operation by Friday, after two conveyor belt failures halted loadings last weekend, a spokesman said Wednesday.
One belt was to be ... »
31 Dec 2009
Chinese admiral floats idea of overseas naval bases
A Chinese rear admiral has urged the nation to set up navy supply bases overseas in an interview posted on the Ministry of Defense website after China paid ransom to free a ship held for nine weeks by Somali pirates.
China h ... »
31 Dec 2009
Ships may give piracy-prone routes a wide berth
The economic impact of piracy in the Gulf of Aden continue to hit East African region for the second year running, pushing up the cost of living significantly and robbing the region’s commodities’ competitivene ... »
31 Dec 2009
Freight traffic by "Azov-Don Shipping Company Group" in 2009 increased by 30%
In 2009 the volume of freight traffic by the Group of Companies "Azov-Don Shipping Company" according to year-end figures has increased by 30% - to more than 2 million tons compared with last year.
The growth ... »
31 Dec 2009
Romania: Sailor jobs 30 pct less this year
The number of job openings for the approximately 18,000 Romanian sailors dropped 30 percent in 2009, a year when the international maritime market was seriously hit by the economic crisis, said leader of the Seafarers Free Trade Union (SLN) Adrian Mi ... »
31 Dec 2009
Australian Maritime Safety Authority, approves SSO onboard training
The approval reinforces Seagull’s proposition that onboard training is the most effective and cost-efficient way to approach shipboard security requirements.
The Australian Maritime College (AMC) will represent Seagull AS in the
Australia ... »
30 Dec 2009
S.Korea KOSEP says seeks 50,000T anthracite coal
Korea South-East Power Co Ltd (KOSEP) has issued a tender to buy 50,000 tonnes of anthracite coal for delivery between January 25 and March 31, 2010 to a Korean port, a tender document showed on Wednesday.
The tender by the South Korean ... »
30 Dec 2009
Oil-thirsty China to raise Kuwaiti imports by 50 pct
China has agreed to raise 2010 crude imports from Kuwait by 50 percent to about 240,000 barrels per day, trade sources told Reuters, with Chinese refiners set to to process at record rates as demand rebounds strongly.
The jump, w ... »
30 Dec 2009
India iron ore exports to drop 4.5% on duties hike: report
India sold 53.22mn tons of iron ore to overseas buyers in the seven months ended Oct. 31 from 44.06mn tons a year ago. India's iron ore exports may dip at least 4.5% below an earlier forecast after Government raised duties ... »
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