Worldwide Container Shipping news - Archive 2010, October

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31 Oct 2010

WEEK43 - Dry Cargo Market "Highlights" 22-October-2010 until 29-October-2010

In contrast to last week, it was the Panamaxes that gave us a little green tint in what proved to be another red coloured downwa ... »

31 Oct 2010

India Seeks Ban on Iron-Ore Shipments as Local Demand Grows, Minister Says

India, the world’s third-largest iron-ore exporter, should ban shipments overseas to ensure that local steelmakers have adequate supplies of the raw material, according to Steel M ... »

31 Oct 2010

Vale sees iron ore quality bonus above Australian ore price

Brazil's Vale earns a premium for the high-quality of its iron ore that beats by 44% the freight cost advantage Australian producers have on exports to China, the company said Thursday. Chinese steelmak ... »

31 Oct 2010

China: Steel sector challenged by oversupply, rising costs

China's medium and large iron and steel manufacturers are facing tough times this year, squeezed by market oversupply and increased production costs, the China Iron and Steel A ... »

31 Oct 2010

Commodity Trends: Gold recovers, Oil weakens

The coming week will witness a surge in gold demand and sales in India due to Dhanteras, considered auspicous for buying gold and also due to Diwali festivities. ... »

31 Oct 2010

Modest steel price recovery in many developing countries but it may not last

In the Russian Federation, metallurgical plants have adopted controversial pricing positions for October. End-users and traders have questioned whether ... »

31 Oct 2010

India Seeks Ban on Iron-Ore Shipments as Local Demand Grows, Minister Says

India, the world’s third-largest iron-ore exporter, should ban shipments overseas to ensure that local steelmakers have adequate supplies of the raw material, according to Steel M ... »

31 Oct 2010

Vale to bet big on Africa over the next 5 years

Brazilian mining giant Vale plans to invest in $15 billion to 20 billion in projects in Africa ... »

31 Oct 2010

Iron ore swaps may help price risk management

How does a steelmaker achieve raw materials security? Either by way of owning mines, not an easy proposition though because of competition becoming incr ... »

31 Oct 2010

Fed, Elections to determine Metals market path next week

Next week brings several key events that can drive precious metals prices in the short and long-term: the U.S. mid-term elections and Federal Open Market Committee meeting. ... »

31 Oct 2010

Why commodities belong in a portfolio

Inside a London conference hall earlier this month, about 300 investment professionals grappled with the topic of commodity investing. Much of the discussion was ... »

31 Oct 2010

Commodity prices boosted by weak dollar and emerging market demand

Commodity prices were boosted this week by the weak dollar and strong emerging market demand, alongside solid economic growth and expectations of more stimulus measures in t ... »

31 Oct 2010

Queensland wants private operator for Abbot Point terminal

Queensland Treasurer Andrew Fraser on Friday invited expressions of interest from potential bidders for a 99-year lease of the X50 Abbot Point coal term ... »

31 Oct 2010

Strikes end at French refineries, oil ports

Weeks of strikes at French oil refineries and the country's two largest oil ports ended on Friday, opening the way for fuel output to ... »

31 Oct 2010

Ensuring sustainable improvement of Chittagong port

The first meeting of the Chittagong Port Advisory Committee was held on Wednesday with the Shipping Minister in chair. The committe ... »

31 Oct 2010

Jebel Ali Port's technology advancements win praise at international event

The extensive automation systems, cost saving initiatives and other operational efficiencies implemented at Jebel ... »

31 Oct 2010

Banning of foreign vessels in US resulting from detention in connection with PSC

The US Coast Guard has issued a policy letter on the banning of foreign vessels. Such banning has been ordered sporadically in the past and now a more formal protocol has been established. ... »

31 Oct 2010

Dual fuel plant powers new LNG carrier

Five dual-fuel MAN engines comprised the diesel-electric propulsion plant for the LNG vessel ‘Castillo de Santisteban’ recently delivered by STX Offshore & Shipbuilding to the S ... »

31 Oct 2010

Maersk sees African trade outpacing mature markets

The Danish shipper and South African subsidiary Safmarine want to retain their historically strong market share in Sub-Saharan Africa, though annual African container ... »

31 Oct 2010

Severn Trent De Nora's BALPURE Ballast Water Treatment System Receives Final Approval

The BALPURE ballast water treatment system from Severn Trent De Nora received final approval from the International Maritime Organization's Marine Environment Prot ... »

31 Oct 2010

Teekay records significant fuel savings through its cargo heating management initiative

Two years after Teekay entered into a contract with Blue Water to provide cargo heating management services onboard its vessels in, its fleet has registered fuel savings in ... »

31 Oct 2010

Mena maritime industry rides out financial storm

The Middle East and North Africa’s (Mena) maritime business has rode out the global financial storm with operators recording significant rise in cargo o ... »

31 Oct 2010

Operating costs set for moderate rise

Crew costs will continue to rise particularly on the back of an undersupply of officers, a leading shipmanager predicted. This will impact primarily on specialist vessels, i ... »

31 Oct 2010

Middle East's shipping fleet to hit new high

The Middle East shipping fleet is expected to grow 11 per cent to 2,273 vessels within the next three years as orders are delivered from the world's shipya ... »

31 Oct 2010

Pacific Basin Expects Dry-Bulk Upswing Into Early 2011 on China Iron Ore

Pacific Basin Shipping Ltd., Hong Kong’s largest operator of dry-bulk vessels, forecast an upswing in demand from next month through early 2011 as Chinese steelmak ... »

31 Oct 2010

Shipping industry sees 'depressed' freight markets to remain in 2011

Global oil tanker and dry bulk freight markets will likely be ''depressed'' next year because of an oversupply of vessels and slow economic growth in developed ... »

31 Oct 2010

Feature: The good news for tanker owners?

Tanker owners must have thought the worst was over. With the global economy emerging from recession and upbeat GDP growth figures, they might for a while have believed that they ... »

31 Oct 2010

EU bans all cargo handling by Iranian shipping line

European Union foreign ministers have agreed to ban all cargo handling by Islamic Republic of Iran Shipping Lines in EU territory as part of a new round of sanctions in r ... »

31 Oct 2010

Fleet Online: 100,000 Surveys Ordered

100,000 surveys have already been ordered through GL's fleet online tool. Fleet online is a web-based fleet ... »

31 Oct 2010

Merchant vessel POLAR pirated in the Somali Basin

On the morning of 30 October 2010, the MV POLAR, a Panama-flagged tanker, was pirated in the Somali Basin. The Liberian-owned MV PO ... »

31 Oct 2010

Pirates fail in pirating MV GO TRADER in the Somali Basin

On the morning of 30 October 2010, the Malta-flagged MV GO TRADER was reported under attack from one skiff approximately 280 nautical miles (520 kil ... »

30 Oct 2010

French port strike strands hundreds of sailors

They're the unseen victims of France's strikes: up to 1,600 foreign sailors trapped in 80 ships off the southern coast of Marseille, most of them unable to get to the shore that is so tantalizingly cl ... »

30 Oct 2010

New North Vietnam Deep Water Container Terminal Secures Financing, Ready to Begin Construction

Cai Lan International Container Terminal (“CICT”) has entered into Loan Agreements with a lending consortium comprised of the IFC, FMO, PROPARCO and the ICF ... »

30 Oct 2010

Panama Canal Authority Signs Partnership Agreement With the Port of Galveston

Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and Port of Galveston Director Steven M. Cernak (pictured) signed a Memorandum of Understanding (MOU) during an offic ... »

30 Oct 2010

PD Ports wins supply chain partnership award

PD Ports, the UK’s fourth largest port, has been recognised for its successful ‘portcentric logistics’ business strategy by winning the Supply Chain Partnership Award at the an ... »

30 Oct 2010

Brazil's richest man builds huge port

Dangling above the South Atlantic, construction workers brave wind and waves to erect a vast 10-berth port terminal off the Brazilian coa ... »

30 Oct 2010

Putin Ports Grab Hurts Novorossiysk Bondholders: Russia Credit

Russia’s push to extend state control over oil shipments is hurting investors as the country’s biggest port increases its debt fivefold to fund ex ... »

30 Oct 2010

IMSBC Code

Members are reminded that on 1 January 2011, the International Maritime Solid Bulk Cargoes (IMSBC) Code becomes mandatory. The code gives requirements for the safe carria ... »

30 Oct 2010

Bill of lading

Despite these difficult times, when world shipping is passing through doldrums, numerous research reports and studies keep coming up from ... »

30 Oct 2010

Hapag–Lloyd Demonstrates Commitment to the Environment

Eniram Ltd, provider of dynamic decision support systems for the shipping industry, has today announced that Hapag-Lloyd AG, one of the largest container ... »

30 Oct 2010

Today's container ships slower than the great clippers

Mighty container ships are now steaming so slowly to save money that they take longer to cross the oceans than sailing ships of 150 years ago. A report published t ... »

30 Oct 2010

Shipping container company goes public

A North Jersey shipping container company raised $95 million in the equity markets as it went public Thursday and began trading on the New York Stock Exchange. SeaCube Container Lea ... »

30 Oct 2010

Nigeria: Banks are frustrating effort of shipowners

An operator in the local shipping sector Oladipo Ogunwemimo spoke to Vanguard’s Godwin Oritse and registered their plight in trying to keep ... »

30 Oct 2010

CMA CGM adds a new call at Rotterdam on its FAL5 service between Asia and North Europe

With the arrival of 13,800 teu-vessels in its fleet and in order to provide its customers with optimum services and unique port coverage, CMA CGM is pleased to announce the stren ... »

29 Oct 2010

Week Ending: 29nd October 2010 (Week 43, Report No: 43/10)

Week 43/10 ended with 32 sales reported in the secondhand and demolition market. The highest activity has been witnessed in the newbuilding market wit ... »

29 Oct 2010

Bassoe Friday Report Week 43 Tanker chartering Crude

Week after week with an uninspiring market and rates moving sideways in the mid W40 s, the market finally got interesting after a rally of fixtures done to China, with the majority under c ... »

29 Oct 2010

WeberSeas Weekly Market Report Week 43

During this week we have not witnessed any significant changes in most indieces, expert of course the increase in BDI by 8.61%. Demand for iron ore and thermal coal from China has ... »

29 Oct 2010

Gibson tanker report - VLCCS - the order of the day

Q3 2010 witnessed 21 VLCC newbuilding orders placed - the greatest number since the corresponding quarter in 2008 shortly before the global economic meltdown. Given the extraordinary lengt ... »

29 Oct 2010

Barry Rogliano Salles weekly TANKER Newsletter no 696

Light at the end of the tunnel? YES, given what happened on the VLCC market and from the Middle East Gulf at the end of the week! Thanks to a continuous flow of cargoes, owners have regained confidence and, with ... »

29 Oct 2010

Charles R. Weber Weekly Report Week 43 - "Trick or Treat?"

The end of October is upon us and with it is brings Halloween, pumpkins are carved, costumes selected and gangs of ghoulishly clad children are preparing to descend upon unsuspecting neighbo ... »

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