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Worldwide Container Shipping news - Archive 2011, October
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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 Oct 2011
Capital Product Partners L.P. Announces Third Quarter 2011 Financial Results
Capital Product Partners L.P., an international owner of modern double-hull tankers, yesterday released its financial results for the third quarter ended September 30, 2011. The Partnership's net income for the quarter ended ... »
31 Oct 2011
Dry bulk market’s correction “spills” over onto new week
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A lot of this fall is stemming from the fall of steel prices in China, which is pus ... »
31 Oct 2011
Trade bodies' appeal to ChPT on congestion surcharge
Representatives of leading chambers of commerce and trade bodies have urged the Chennai Port Trust (ChPT) not to give priority berthing to shipping lines that have collected congestionsurcharge since August 15, citing delay in turnaround of vessels.V ... »
31 Oct 2011
Efforts on to revive Azhikkal port development proposal
As part of the continuing efforts to revive the long-standing proposal for the development of Azhikkal port in Kannur, an official team from the Cochin Shipyard visited the site to lookinto the technical aspects of th ... »
31 Oct 2011
India: Bichitrapur Port Plan Runs Into Rough Weather
BS reported that a captive deep sea port proposed at Bichitrapur in Balasore district by Jindal Infrastructure Limited has run into rough weather with concerns being expressed overits likely impact on the Subarnarekha river mouth.The fact that anothe ... »
31 Oct 2011
Shipping and the Law speakers share perspectives on industry issues
Leading figures from the Italian and International shipping, ports, finance, insurance and legal community met last week in Naples for the second annual ‘Shipping and the Law’ conference, hosted by Studio Legale Lauro.More than 250 ... »
31 Oct 2011
Steps on to rescue 50 seamen: Vasan
In the last few months, about 400 seafarers have been rescued from pirates and the Centre is taking steps to secure the release of another 50 seamen, said Shipping Minister G.K. Vasan on Sunday.Steps were being taken to rescue these 50 India ... »
31 Oct 2011
UMT Inks MoU With Shipping And Marine Industry Companies
Universiti Malaysia Terengganu (UMT) yesterday signed a memorandum of understanding each with a shipping and marine industry company, allowing these companies to tap into UMT's expertise.UMT Vice-Chancellor Prof D ... »
31 Oct 2011
TORM revises the forecast for the result before tax for 2011
Since the quarterly release in August 2011 the global economic uncertainty and pressure on freight rates have persisted. In particular, the product tanker freight ratesin the second half of 2011 have been lower than expected. Therefore, TORM revises ... »
31 Oct 2011
Wilhelmsen Ships Service marks 10 months of successful Advanced Cargo Declarations handling
Since the start of 2011, Wilhelmsen Ships Service (WSS) Ships Agency has been successfully dealing with the needs of vessels calling in European ports with regard to Advanced Cargo Declarations.These regulations require all c ... »
31 Oct 2011
PetroChina books supertanker to ship 1st fuel oil cargo from Europe
PetroChina has booked a supertanker to load its first fuel oil cargo from the Amsterdam-Rotterdam-Antwerp (ARA) hub in December, and it is expected to arrive in East Asiaabout a month later, traders said on Monday.Traders attributed the rare b ... »
31 Oct 2011
Wärtsilä to supply propulsion package for six new container vessels
Wärtsilä, the marine industry's leading solutions provider, has been awarded the contract to supply the engines and propulsion equipment for six new Ro-Ro container vessels being built for NSCSA,the National Shipping Company of Saudi Arabia.The ships ... »
31 Oct 2011
Intermanager Welcomes Call for UK Shipping Guards
InterManager (an active member of the Save our Seafarers (SOS) campaign) is, after months of campaigning, delighted to hear the public vilification of piracy issued by the UK Government.The SOS campaign has strived to bring recognition of the ... »
31 Oct 2011
NOL Group reports third-quarter 2011 net loss of US$91 million
Global container shipping and logistics services provider NOL Group yesterday announced a net loss of US$91 million for the third quarter of 2011 compared to a profitof US$282 million in the same period last year. The Group said its APL Logistics bus ... »
31 Oct 2011
Mitsui O.S.K., Nippon Yusen to Cut Container Capacity Amid Loss Forecasts
Mitsui O.S.K. Lines Ltd. and Nippon Yusen K.K., Japan’s largest shipping lines, are cutting container services after reversing profit forecasts for this fiscal year to net losses. The shares fell.Mitsui O.S.K. will reduce frequency on container ro ... »
31 Oct 2011
Global leaders of shipping industry present plans for sustainable future
The Sustainable Shipping Initiative (SSI), a coalition of global companies and NGOs, will today present their collective Vision for the sustainable future of international shipping.It is the first time such a wide-ran ... »
31 Oct 2011
DSME and GL offer first-ever solution to LNG-fuelled large container vessels
LNG, as a promising fuel alternative, has not been used for container vessels. DSME and Germanischer Lloyd (GL) have proved the feasibility of running large container vesselson LNG in a recently completed joint project. At a press confer ... »
31 Oct 2011
Vessel operating costs expected to rise
Vessel operating costs are expected to rise by 3.8% in 2011 and by 3.7% in 2012, with lube expenditure and crew costs identified as the categories most likely to produce the highest levels of increase, according to a new surve ... »
31 Oct 2011
Hanjin Shipping launches operations from Sohar Port’s OICT
Hanjin Shipping, which ranks among the world’s top 10 container shipping lines, has commenced operations from Sohar Port’s Oman InternationalContainer Terminal (OICT).The move marks a significant ramp-up of the South Korean based internati ... »
31 Oct 2011
Nod for capacity doubling of LNG terminal
The Union Ministry of Environment and Forests has sanctioned the proposal of Petronet LNG Limited (PLL) to enhance the re-gasification capacity of its LNGproject at Puthuvype in Kochi from 2.5 MMTPA (million metric tonne per annum) to 5 MMTPA. The Ex ... »
31 Oct 2011
Port of Salalah partners with Oman Air to launch new sea-air links from Salalah to Europe
The Port of Salalah has signed an agreement with Oman Air Cargo that will strengthen links between the Sultanate's sea and air freight transport sectors, aswell as increase opportunities to develop Oman's European freight transport market. The agreem ... »
31 Oct 2011
Malaysia rescues hijacked tanker, barge
Malaysia maritime authorities have rescued a tanker and a barge which were hijacked in the latest South China Sea pirate attacks, according to officials.A tankercarrying oil and gas worth 14 million ringgit ($4.6 million) was hijacked Thursd ... »
31 Oct 2011
Cosco Corp Singapore : Delivery Of Vessel
The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that COSCO (Zhoushan) Shipyard Co., Ltd ("COSCOZhoushan"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd has delivered a bulk c ... »
31 Oct 2011
CSCL says buys 8 container ships for $754 mln
China Shipping Container Lines Co Ltd said it ordered eight 10,000 TEU vessels from two Chinese shipyards for a total of $754.24 million to improve economiesof scale and strength competitiveness.Its wholly-owned unit China Shipping Con ... »
31 Oct 2011
Rena Cargo Owners Begin Filing Claims
Cargo owners have begun lodging claims against Mediterranean Shipping Co., the charterer of the grounded Rena in New Zealand.MSC is waiting forthe ship's owner, Costamare, to formally declare whether the Rena is ... »
31 Oct 2011
BIMCO’s Grant Hunter joins Executive Committee of ESS Databridge Development Group
Electronic Shipping Solutions, the leading provider of electronic shipping documents, is pleased to announce the appointment of BIMCO’s Grant Hunter to theExecutive Committee of the ESS-Databridge™ Development Group ( ... »
31 Oct 2011
New tanker twins are European-built
Two identical inland gas tanker ships have joined the fleet of German shipping company Lehnkering Reederei in Duisburg following construction which hasinvolved shipyards in both Romania and Holland.Tom Todd writes: Named in Duisburg were the brand ... »
31 Oct 2011
S'pore's Otto Marine warns of Q3 loss, cites volatile FX
Singapore shipbuilding and marine services firm Otto Marine Ltd expects to report a loss for the third quarter ended September, the company said, citing volatilityin foreign exchange markets.It said in a filing to the Singapore Exchange that t ... »
31 Oct 2011
Qatargas-Chartered Vessel 'SS Dukhan' Receives Green Award
Qatargas-chartered Liquefied Natural Gas (LNG) vessel, "SS Dukhan" receives world's first ever Green Award certificate of recognition, for a specific LNG vessel,acknowledging the vessel's compliance with global environment regulations and safety stan ... »
31 Oct 2011
Maersk Plans $120m Expansion in Lagos Port
Danish shipping and ports operations giant, AP Moller-Maersk Group, has concluded plans to expand its ports operations in Nigeria.The move by the firm, which subsidiary in Nigeria,AP Moller Apapa Terminals Ltd, is the concessionaire of Africa’s large ... »
31 Oct 2011
Brunsbuttel Ports, Gasnor Agree on Bunkering Vessels with LNG
Brunsbüttel Ports GmbH and Gasnor AS (LNG market leader in Norway) agreed on bunkering vessels with LNG in the Elbehafen at Brunsbüttel, Germany. With this important stepthey are leading the way in offering LNG fuel at Brunsbüttel and the Northern Ge ... »
31 Oct 2011
Latin American Countries Need to Look Beyond Super Ports, Says Expert
Latin American countries need to look beyond the construction of increasingly large ports and focus on improving overall logistics infrastructure, Ricardo Sánchez, chief of the infrastructureservices unit at the UN Economic Commission for Latin ... »
31 Oct 2011
Increasingly Competitive Container Shipping Market to Boost Security and Tracking Revenues to $690 Million by 2016, Says ABI Research
Container security and tracking revenues will grow at a compound annual growth rate (CAGR) of 27% from $212 million in 2011 to $690 million in 2016.Telematics and navigation group director Dominique Bonte says, “With a lot of regulations and legis ... »
31 Oct 2011
Jamaica: Government says upgrading of seaports a major objective
THE Ministry of Transport and Works says the upgrading the island's infrastructure, in particular the seaports, has been one of the major objectives of the ministry.This is being done in order to capitalise on the island's strategic geographical loca ... »
31 Oct 2011
Marseilles Container Traffic Falls 6 Percent
Container traffic at Marseilles, France’s largest port, fell 6 percent year-over-year in the first nine months of 2011, largely because of nationwide port strikes at the beginning of the year.The port handled 704,799 20-foot equivalents ... »
31 Oct 2011
Nautilus warns as Cunard flags out of the UK
The maritime professionals’ union Nautilus International has urged the government to come up with a clear shipping policy – or run the risk of more companies joining Cunard Line in flagging out of the UK.The union – which r ... »
31 Oct 2011
Veson signs up Odfjell
Bergen-based parcel tanker owner and operator Odfjell is to manage its entire fleet using Veson Nautical’s IMOS (Integrated Maritime Operations System).I*n addition, the company will be installing Veslink, Veson's automated system for ship-to- ... »
31 Oct 2011
d’Amico International Shipping S.A. Interim Management Statements Third Quarter 2011
DIS Q3 2011 results reflected the current uncertain macro-economic scenario affecting also the Product tankers industry. However the Company was still able to maintain its strongfinancial position and to generate a very good level of Cash flow.The fi ... »
31 Oct 2011
NORDEN wins annual report award for the fifth time
The prize - C20 Regnskabsprisen - was presented for NORDEN's Annual Report 2010, which according to the jury is the best annual report from the OMXC20 listed companies to describea company's value creation, long term goals and operational and financ ... »
31 Oct 2011
Envoy seeks release of Pinoy seafarers held hostage by pirates
The Philippines' new representative to the International Maritime Organization (IMO) is seeking the release of Filipino seafarers being detained by pirates.IMO Secretary General Efthimios Mitropoulos promised to look into the m ... »
30 Oct 2011
A snapshot on the economic and shipping environment
The week opened with a mixed up market sentiment worldwide for Eurozone’s rescue and debate on the discussions held from the Eurozone finance ministers’ summit in Brussels during the last weekend. The world focus has been on ... »
30 Oct 2011
Tanker market volatility more obvious than ever
Tanker owners are having to withstand significant challenges when planning out their chartering strategies, as evidenced by the major highs and lows that the markets can experience within a short period of time. The latest analysis from Londo ... »
30 Oct 2011
Nigeria: Dredging will boost Calabar port activities says official
The Public Affairs Officer of the Nigeria Ports Authority (NPA), Eastern Ports, Mr Nwachukwu Okoroafor, has said that the only challenge facing the zone had been the dredgingof the Calabar River to allow bigger vessels to berth at the port.Mr Okoroaf ... »
30 Oct 2011
Manila amendments workshop held in Jamaica
Amendments to the STCW Convention have been made at the right time to make it relevant for today's and future needs, according to Rear Admiral Peter Brady, Director General of the Maritime Authority of Jamaica.Offic ... »
30 Oct 2011
Navy chief warns of pirates
African nations need to pool efforts to fight maritime security threats and to prevent pirates from other parts of the continent from heading south, South Africa's navy chief said."The requirement for all stakeholders within our maritime zones to wo ... »
30 Oct 2011
Weekly Maritime Crime and Piracy Report: Pirates See Little Success
Summary of Maritime Crime and Piracy for Period October 20 – 26, 2011. Summaries provided by ONI. INDIAN OCEAN-EAST AFRICAINDIAN OCEAN: Cargo ship (HR CONSTELLATION) fired upon by pirates in two skiffs on 20 October while approxim ... »
30 Oct 2011
Great Eastern pauses on buying new cargo ships
For the first time in a decade, Great Eastern Shipping Co. Ltd does not have orders on its books for buying new cargo-carrying ships as it opts to preserve cash in a difficult shippingmarket hit by oversupply and rising costs.In effect ... »
30 Oct 2011
Maersk Line sees boost in Asia-Europe bookings
Maersk Line, the world's largest container shipping company, has experienced a rise in bookings on the key Asia-Europe routes since introducing a new service in mid-Septemberthat offers greater reliability, the company said. The Daily Maersk service ... »
30 Oct 2011
Tata NYK Shipping to purchase three dry bulk cargo carriers
Tata NYK Shipping Pte Ltd will purchase three new dry bulk cargo carriers from Japanese yards as part of a plan to expand fleet to ship at least half of Tata group’s expected cargoof 60 million tonnes (mt) in the next few years.The new s ... »
30 Oct 2011
Evergreen Marine Has Unexpected Loss on Container-Ship Glut
Evergreen Marine Corp., part of Asia’s second-biggest container shipping line, had an unexpected quarterly loss as overcapacity damped cargo rates.Net loss was NT$1.12 billion ($37.5 million), compared with net income of ... »
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