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Worldwide Container Shipping news - Archive 2010, August
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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 Aug 2010
Intermodal Weekly Market Report Week 34 Broker's insight
Earlier this summer when the BDI was plummeting, many were quick to point
that this signalled the end to the global recovery. Pundits started worrying
over fears of a double dip re ... »
31 Aug 2010
Shiptrade Services SA Weekly Shipping Market Report Week 34
Shipping shares in Asia advanced today, as the Baltic Dry Index pushed up its 12-day rise to 41%. Average earnings for Capesizes more than doubled over the course of last week to $28,100 a day, while Panamax rates jumped 15% week ... »
31 Aug 2010
Newcastle Coal Exports Fall 12%; Ship Queue Lengthens at Australian Port
Coal shipments from Australia’s Newcastle, the world’s biggest export port for the power-station fuel, fell by 11.5 percent last week while the queue of vessels wai ... »
31 Aug 2010
Sri Lanka set to import gas oil from UAE firm-sources
Sri Lanka's Ceylon Petroleum Corp (Ceypetco) is expected to sign a deal to import 720,000 tonnes of gas oil for a year from a UAE-based firm, industry sources said.
The UAE's Al Ai ... »
31 Aug 2010
$1 billion boost to coal exports at Abbot Point
Transport Minister Rachel Nolan yesterday toured the Port of Abbot Point to view firsthand the major expansion currently underway. Ms Nolan said the Abbot Point X50 ... »
31 Aug 2010
Market sources say Q4 coking coal done at $209/MT, down 7% from Q3
Quarterly contract prices for hard coking coal were concluded between the BHP Billiton-Mitsubishi Alliance and Japanese steelmakers late Monday at $209/mt FOB Australia for October to D ... »
31 Aug 2010
Chinese steelmakers downplay Vale's move to lower iron ore prices
Vale (Companhia Vale do Rio Doce) plans to lower their iron ore price from 150 U.S. dollars per ton to 130 U.S. dollars per ton in light of the recent drop in iron ore prices in China, according to a re ... »
31 Aug 2010
Atlas sees flat iron ore price through mid-2011
Atlas Iron is budgeting for flat iron ore market prices over the next 10 months, but still sees strong demand from China, chief executive David Flanagan said. Iron ore prices are down sharply since A ... »
31 Aug 2010
Stainless steel prices to dip in final quarter before recovering in 2011
World stainless steel transaction prices have followed a general upward trend over the past twelve months. Stronger economic conditions, coupled with va ... »
31 Aug 2010
France Proposes EU Commodity Regulator, Seeks Raw-Material Position Limits
France asked the European Union to consider creating a new commodity regulator and setting position limits in raw-material markets, laying the groundwork for its presidency of the ... »
31 Aug 2010
Qatar Steel inks 20-year deal with GASAL
Qatar Steel Company has signed a long-term 20-year agreement with GASAL, Qatar's leader in industrial gases supply. GASAL, a subsidiary of Qatar Petroleum, Air Liquide and QIMC, will s ... »
31 Aug 2010
Chinalco inks African JV with Rio
Aluminum Corp of China (Chinalco) signed a $1.35 billion agreement with global miner Rio Tinto to develop the Simandou iron ore project in the West African country of Guinea
... »
31 Aug 2010
Russia invites China's Shenhua to coal project
Russia invited China's Shenhua Energy Co Ltd to take part in a coal liquefaction project, estimated to cost $2 billion to $3 billion, the Russian Energy Ministry said. &q ... »
31 Aug 2010
Egyptian Iron and Steel production drops in August
Amr Abdelhadi, Chairman and Managing Director of Egyptian Iron and Steel (IRON), stated that the company dropped steel production by 40,000 tonnes, Almal newspaper report ... »
31 Aug 2010
NALCO eyes coal mines in Indonesia
India’s public sector aluminium miner, National Aluminium Company Ltd (NALCO) (BOM:532234) is considering to acquire stake in coal mines in Indonesia so as to secure raw materi ... »
31 Aug 2010
ABB wins three-year maintenance partnership agreement in Oman
ABB, the leading power and automation technology group, has announced that its local company in Oman, ABB Oman LLC has signed a three-year maintenance agreement for Vale's state-of-the-art iron ore pellet ... »
31 Aug 2010
Chengwei Stainless Steel to build stainless steel mill in Hunan
Foshan, Guangdong Province-based Chinese steelmaker Chengwei Stainless Steel Inc. (Chengwei Stainless Steel) signed an agreement with Wuxi Industrial Park in Lux ... »
31 Aug 2010
Whitehaven sees strong coking and thermal coal demand
Australian producer Whitehaven Coal expects strong demand for coking and thermal coal during the next 10 months but it warns the country's rail bottlenecks will constrain ... »
31 Aug 2010
ARM, Vale in copper venture
Diversified mining group African Rainbow Minerals (ARM) had teamed up with Brazil's Vale to form a joint venture in a copper mine in Zambia, the company said yesterday as it rele ... »
31 Aug 2010
Rubber Declines From 4-Month High on Economic Growth Concerns, Higher Yen
Rubber declined for the first time in four days, retreating from a four-month high, as data showed slower-than-estimated growth in U.S. personal incomes and the yen resumed a rally a ... »
31 Aug 2010
Renovation of Tuapse Port’s checkpoint phase 1st is completed
Reconstruction of the first phase of the sea border crossing point at Tuapse port has been completed, Rosgranitsa (Federal Agency for Arrangement of Russian Federation ... »
31 Aug 2010
India: Panel to spot toxic waste at ports
The Environment Ministry has set up a committee to identify and dispose of all unclaimed hazardous waste lying in ports across the country. “A committee headed b ... »
31 Aug 2010
India's port in Goa sees iron ore exports up 10.8 pct
Iron ore exports from Mormugao Port in Goa may rise 10.8 percent to 46 million tonnes in the current financial year, from 41.5 million tonnes a year earlier on increased shipments, the hea ... »
31 Aug 2010
Shipping Min to use cess for lessening oil pollution at ports
The Ministry of Shipping is devising a scheme for utilising the oil cess being collected by the Ports for providing assistance for mitigating oil pollution at th ... »
31 Aug 2010
India: Ports told to up cargo capacityIndia: Ports told to up cargo capacity
The government asked management of all ports in the country to increase their cargo handling capacity in order to meet the growing demands of the economy.
In ... »
31 Aug 2010
Gindalbie takes significant step with Oakajee Port pact
AAP reported that Gindalbie Metals Ltd has taken an important step towards realizing stage two of its Karara iron ore project, signing an initial agreement for the use of ... »
31 Aug 2010
Exmar reports first half results
The Board of Directors of EXMAR has drawn up the accounts for the period ending 30th June 2010. The Group had an operating result (EBIT) of USD 15.9 million for the first semester 2010 (USD 20. ... »
31 Aug 2010
Videotel launches training video aimed at preventing accidents in powered watertight doors
Videotel Marine International, the world’s leading producer of maritime training videos, DVDs and computer based training programmes, has responded to industry ... »
31 Aug 2010
Tokyo Gas, MOL Agree Transfer of Shares in LNG Shuttle and Regasification Vessels
Tokyo Gas Co., Ltd. and Mitsui O.S.K. Lines, Ltd. (MOL, President: Koichi Muto) yesterday announced that Tokyo LNG Tanker Co., Ltd. (President: Kazumasa Hidai), ... »
31 Aug 2010
Wartsila and Tarbit Shipping sign contract to convert tanker to LNG operation
Wartsila and Tarbit Shipping sign contract to convert tanker to LNG operation. Wartsila, the marine industry's leading ship power solution provider, has signed a turnkey contract with Tarbit Shipping ... »
31 Aug 2010
Pertamina plans to spend US$600m on new tankers
Indonesia's state oil and gas firm Pertamina said it plans to spend US$600 million on new oil tankers in the next three years to upgrade its ageing fleet and ... »
31 Aug 2010
Active Container Fleet Expands 19 Percent
The active container ship fleet added 2.4 million 20-foot equivalent units since the beginning of the year, putting downward pressur ... »
31 Aug 2010
Baltic Exchange introduces market reporting during Asian working day
The Baltic Exchange will report and publish a selection of its existing dry supramax routes during the Asian working day from 1 September 2010. The following routes will ... »
31 Aug 2010
Baltic index edges up, cargo enquiry stays weak
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, edged higher on Tuesday, but brokers said the market needed to see s ... »
31 Aug 2010
Ore Ships Have Best Month Since May 2009 as China Demand Gains
The cost of delivering iron ore by sea had its largest monthly advance since May 2009 after Chinese steel mills increased imports of the steelmaking raw material. Charter ... »
31 Aug 2010
Week 35 BMTI Investors' Market Spotligt
Freight rates continue to ease for Capes as mineral cargo demand fails thus far to rise to the occasion, congestion eases and the overheated paper market cools down. In the Pacific , NoPac rounds are still seeing ... »
31 Aug 2010
Chile July copper output up 6.3 pct yr/yr
Chile, the world's No. 1 copper producer, said on Monday its output of the red metal CLCOPP=ECI rose 6.3 percent to 454,178 tonnes in July from the same month a year earlier ... »
31 Aug 2010
Coal India May Set Up Power Plants Because of Shortfall in Rolling Stock
Coal India Ltd., the world’s largest producer of the fuel, said it may be forced to set up power plants to use coal that’s piling up because there aren&rsquo ... »
31 Aug 2010
Indonesian coal miner Adaro Q2 net falls 73 pct
PT Adaro Energy, Indonesia's biggest coal miner by market value, saw second quarter net profit fall 73 percent because of lower coal prices and a stronger rupiah. The company, wh ... »
31 Aug 2010
Gold Rallying to $1,500 as Soros's Bubble Inflates
Investors are accumulating enough bullion to fill Switzerland’s vaults twice over as gold’s most- accurate forecasters say the longest rally in at least nine decades has furthe ... »
31 Aug 2010
Del Monte Terminal Shift Threatens ILA Control
In a sharp blow to the International Longshoremen's Association, Del Monte Fresh Produce is planning to shift its shipments of half a million tons of bananas ... »
31 Aug 2010
The first tanker with Venezuelan oil for Belarus calls at Klaipeda Port
Port of Klaipeda has handled the Minerva Helen from Venezuela laden with 80,000 tons of crude oil for Belarus, the Port Authority said. As of now, ... »
31 Aug 2010
Empty oil tanker and Chinese ship collide, 6 missing
An empty French oil tanker and a Chinese cargo vessel collided off the coast of China's eastern Zhejiang province on Tuesday, Xinhua News Agency reported. Six people were missing after falling ... »
31 Aug 2010
Greatship Subsidiary takes delivery of a Platform / ROV Support Vessel
Great Eastern Shipping Company Ltd has announced that Greatship Global Offshore Services Pte Ltd has taken delivery of Greatship Ramya a Platform / ROV Support ... »
31 Aug 2010
China Shenhua to capitalise on strong spot coal prices
China Shenhua Energy Co Ltd, the world's most valuable coal producer, said it expects to raise the proportion of its sales from spot coal in the second half to take advantage of higher prices
With current spot ... »
31 Aug 2010
Baosteel forecasts hard time for sector
Baoshan Iron and Steel Co forecasts a challenging second half for the domestic industry, squeezed by lower product prices and higher production costs, in contrast to its bliste ... »
31 Aug 2010
Volatility cloud over commodities
The stage is set for an explosive comeback from summer holiday mode, and volatility is the byword as investors grow ever more fearful of double dip dangers. The ... »
31 Aug 2010
Hurricane Earl closes Caribbean ports
Crowley Maritime Corp. has moved its vessels out of the path of Hurricane Earl, a Category 3 storm churning in the Caribbean, while a Sea Star Line LLC sh ... »
31 Aug 2010
Maersk resumes port Nehru calls
Maersk Line on Friday said it resumed bookings of all cargo for direct loading via the Port of Jawaharlal Nehru (Nhava Sheva), India's busiest container gateway. The ... »
31 Aug 2010
Hanjin Shipping to implement new chassis operations in Miami and Philadelphia
Hanjin Shipping has announced today that it will implement a new chassis supply management program in the U.S. Effective October 1st, 2010, the company wi ... »
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