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Worldwide Container Shipping news - Archive 2010, 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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20 Nov 2010
WeberSeas Weekly Market Report Week 46
A difficult week for the panamax market with the BPI losing 327 points representing a loss of almost 14%. The BDI fell nearly 7% monstly due to the sharp fall of the BDI. All eyes are now on the ... »
20 Nov 2010
Gibson tanker report -Transatlantic TCE tricks of mr tankers
Cautious ordering of coated Aframaxes in 2009 and 2010 despite low newbuiding prices may prove to be quite beneficial for LR2 tanker owners in the long-term. A relatively moderate orderboo ... »
20 Nov 2010
Bassoe Friday Report Week 45 Tanker chartering Crude
It s been an eventful week for the VLCC with rates firming again from the Ws60 mark, due to an increased first decade December activity. A tight and firm Wafr market helped shorten the list ... »
20 Nov 2010
Europe Cuts Coal Consumption 16.3%
Europeans now get 46.4% of their electricity from non-carbon courses, if you include nuclear, which supplies most of the electricity at 28%. In 2009, they cut coal consumption drasti ... »
20 Nov 2010
China tightening to weigh on commodities
Steps to curb inflation in China could further dampen a sharp rally in commodity prices this year. Speculation that a rate move could be just around the corner g ... »
20 Nov 2010
Japan Oct crude steel output rises 3 pct mth/mth
Japan's crude steel output rose 3 percent in October from the previous month, but the yen's strength and a decline in domestic demand could depress output in the months ahead, an industry ... »
20 Nov 2010
Kenya to Import 200,000 Tons of U.S. Wheat Through June, Ambassador Says
The U.S. projects that it will export about 200,000 metric tons of wheat to Kenya over the next seven months, after the East African nation this week accepted its largest-ever shi ... »
20 Nov 2010
Iron Ore-Shanghai rebar cuts gains; China move eyed
Shanghai rebar futures trimmed gains on Friday as Chinese equities retreated while investors braced for a looming interest rate hike in China, a move that may dent demand for s ... »
20 Nov 2010
Full steam ahead for nuclear shipping
Although shipping is already highly energy efficient, pressure has come on the industry to lower emissions. There is the potential for market-based measures for ... »
20 Nov 2010
Shipping Corporation inks pact to buy 5 vessels
Shipping Corporation of India announced that has signed 2 shipbuilding contract. The company has signed contract with Jiangsu Rengsheng Heavy Industries Co for acquisition of 2 nos. Very ... »
20 Nov 2010
Maersk 500 mln eur bond issue oversubscribed-source
Danish shipping and oil group A.P. Moller-Maersk sold 500 million euros ($698.5 million) worth of new seven-year bonds in an oversubscribed offering that was part of ... »
20 Nov 2010
Indonesian Shipping Law to Make Waves in New Enforcement
Starting in January, all commercial vessels operating domestically in Indonesian waters will be required to fly the Indonesian flag under a 2005 law just coming into effe ... »
20 Nov 2010
Stolt-Nielsen Gas to Enter Joint Venture with Sungas Holdings Ltd., Adding Three VLGCs to Fleet
Stolt-Nielsen Limited ("SNL") announced Friday that its subsidiary Stolt-Nielsen Gas Ltd. ("SNGL") has reached an agreement with Sungas Holdings Ltd. ("Sungas") whereby ... »
20 Nov 2010
United Kingdom: Bunker Oil Pollution Liability Insurance and Iranian Sanctions
In common with many maritime States, the United Kingdom is party to the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 ("the Convention"). Under A ... »
20 Nov 2010
Nigeria, seven others target 20% of global shipping trade
Nations are targeting 20 per cent share of the global shipping trade by 2018. The D-8 is a group of developing countries with large Muslim populations that have formed an ec ... »
20 Nov 2010
A "new generation" of tankers
Highly efficient, environmentally sound and much safer than earlier ships, a new generation of tankers is being developed, built and is c ... »
20 Nov 2010
Smaller dry cargo vessels will outperform capesizes
Buoyed by demand for so-called minor bulks from cement to fertilizer, smaller dry cargo vessels will outperform capesizes, the largest drybulk ships, which are being squeezed b ... »
20 Nov 2010
Medium range product tankers faced with increasing complexities in attempt to increase earnings
Medium range tankers have been in a dismal situation since the second half of the previous year, with the situation not much altered during most of this year a ... »
20 Nov 2010
Persian Gulf Tanker Rates Gain for Third Day on Vessel Demand
The cost of shipping Middle East oil to Asia, the world’s busiest route for supertankers, climbed for a third day on increased demand. Charter rates for very larg ... »
19 Nov 2010
Chinese Refiners Boost Diesel Imports to Ease Shortage
Chinese state refiners are ramping up diesel imports starting this month to help meet increased demand that has depleted 2,000 retail fuel stations in the country’s east ... »
19 Nov 2010
Agricultural Commodities Face 'Explosive' Future on Demand, Prestbo Says
Agricultural commodities face an “explosive” future as increased demand and the effects of global warming exacerbate supply disruptions, according to John Pre ... »
19 Nov 2010
Taiwan steel firm mulls joint venture with China
China Steel, Taiwan's largest steel producer, said Thursday it plans to team up with China's Baosteel to invest in iron ore mines abroad. China Steel has reached a consensus ... »
19 Nov 2010
Steel Prices Up 1.49% Last Week
The average price of major steel products inched up 1.49 percent between November 3 and 10, reports yicai.com, citing d ... »
19 Nov 2010
Bering Strait port access route study available for public comment
The US Coast Guard is seeking input from the public to evaluate the need for establishing vessel routing measures in the Bering Strait. The port access route study will assess whether the cre ... »
19 Nov 2010
Jax shippers could face more lawsuits
Two Jacksonville-based shipping companies and another that operates out of the port may face more antitrust cases than the class-action lawsuit they have offered $52.25 million to ... »
19 Nov 2010
TORM Incentive Programme for Employees
The Board of Directors has approved a stock option based incentive scheme (the "Programme") including the following content: The Programme is extended to approximately 45 land-based T ... »
19 Nov 2010
SITC orders boxships at Dae Sun
SITC Development has ordered a trio of feeder boxships from Dae Sun Shipbuilding and Engineering. The Hong Kong-listed company has ordered one 953 teu and a pair of 1,040 teu containerships fro ... »
19 Nov 2010
ICG profits climb in third quarter
Irish Continental Group said operating profit rose 12 per cent to €19 million in the third quarter of the year, while turnover i ... »
19 Nov 2010
BV to class Goliat FPSO under construction in Korea
French classification society Bureau Veritas has announced that it has secured the contract with Eni Norge AS for the Goliat FPSO that will be built at Hyundai Heavy Indu ... »
19 Nov 2010
SCI to Sell Stock to Buy New Ships
The state-owned Shipping Corporation of India plans to conduct a share sale on Nov. 30 that could raise up to $320 million for buying new containerships and tankers.
The government wi ... »
19 Nov 2010
Aramco sells two December fuel oil cargoes
Saudi Aramco sold two cargoes of December-loading fuel oil totalling up to 180,000 tonnes, traders said yesterday. The first parcel, of high 700 centistoke (cst) v ... »
19 Nov 2010
China's Unipec Plans to Increase Diesel Imports in December on Shortage
China International United Petroleum & Chemical Co., the nation’s largest oil trader, plans to boost diesel imports for a second month in December to ease a domestic shortage of the transport f ... »
19 Nov 2010
Copper Gains for Third Day as Mine Strike in Chile Continues; Tin Climbs
Copper climbed for a third day in London, reducing this week’s drop, on speculation a strike at the world’s fourth-biggest mine will erode supplies. The stoppage at Anglo American Plc a ... »
19 Nov 2010
China works to ease iron ore supply strains
China, a country hungry for iron ore, is ramping up its mineral exploitation efforts and upgrading its steel-making industry's structure as it deals with its iron-ore supply dilemma. Ch ... »
19 Nov 2010
Vessel delays at Shanghai port
Orient Overseas Container-Line (OOCL) has announced the delays of several vessels looking to depart from Shanghai Port. OOCL said the delays are due to port congestion. Details to the updated departure schedule c ... »
19 Nov 2010
MSC rate up US$480/TEU to USWC, $640/TEU to EC from Dec 15
Geneva's Mediterranean Shipping Co plans to introduce a general rate increase on all containers transported from Asia to the US west and east coasts from December 15. The shippin ... »
19 Nov 2010
Shipping Corp introduces services to Dar e Salaam, Mombasa news
State-owned sea-carrier Shipping Corporation of India today said that is will commence a service from the Indian sub continent to East Africa to cater to the growing need of the trade. Th ... »
19 Nov 2010
MOL Starts Vietnam Tugboat Business
Mitsui O.S.K. Lines, Ltd. yesterday announced that the company has established a joint venture with two local companies in Vietnam and started a tugboat business. The jo ... »
19 Nov 2010
Hapag-Lloyd Suspends Antwerp-NY Shuttle
Hapag-Lloyd will suspend its weekly Antwerp-New York shuttle service from mid-December in an extended winter program "until the expected market volume returns." The last w ... »
19 Nov 2010
Supertankers May Sail Empty to West Africa for Oil, Pareto Says
Shipowners may send empty supertankers to West Africa rather than the main Persian Gulf cargo-loading region to seek better rental income, Pareto Secu ... »
19 Nov 2010
European steel mills warned to expect higher Q1 coking coal price
European steelmakers may have to brace for higher coking coal prices next quarter, according to comments by an Australia-based producer to regional buyers ... »
19 Nov 2010
Cotton Output in China to Decline 5.5% to 6.36 Million Tons, Agency Says
China’s cotton output may drop 5.5 percent this year after low-temperatures and rain affected planting and development of the crops, according to a report by state researcher Cncotto ... »
19 Nov 2010
Rio Tinto sees risks of commodity price volatility in 2011
RIO Tinto says the risk of commodity price volatility will extend into 2011 but China's moves to cool its growth are healthy. Rio chief executive Tom Albanese unease about the sustainabil ... »
19 Nov 2010
Australia: Capital expenditure on resources soars 21pc
Planned capital spending in Australia's minerals and energy sector hit a record $132.9 billion, soaring 21 per cent in six months. The Australian Bureau of Agricultural and Res ... »
19 Nov 2010
Crude steel output stays up in China
Even as the Chinese government is mulling monetary tightening measure, the crude steel production in the country has showed improvement in early days of ... »
19 Nov 2010
Two major China steelmakers cut December prices
Two leading Chinese steel mills annouced cuts to steel prices for December bookings in response to falling prices after Baosteel kept prices unchanged for the month ... »
19 Nov 2010
Sri Lanka commissions new port with first ship entry
Sri Lanka's new Chinese built port in the Southern city of Hambantota was formally commissioned by President Mahinda Rajapaksa Thursday with the symbolic entry of a converte ... »
19 Nov 2010
WISCO commissions new iron ore carrier
On the back of the significant increases in iron ore prices, Chinese steel producer Wuhan Iron and Steel Corporation (WISCO) has recently commissioned a new ore carrier named China Shipping Hope, wit ... »
19 Nov 2010
Petrobras oil exports to hit 800,000 bpd by 2020
Brazilian state oil company Petrobras expects crude oil exports to rise to 800,000 barrels per day by 2020 as new oil production from vast offshore fields comes online, a comp ... »
19 Nov 2010
OPEC to Raise Shipments 1.2% on Asian Demand, Oil Movements Says
The Organization of Petroleum Exporting Countries will increase crude loadings by 1.2 percent this month on rising exports to Asia, according to tanker- tracker Oil Movements. Shipment ... »
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