 | Source: http://www.setcorp.ru
Shipping volumes are expected to take a hit over the next 12 months from the effects of the global economic downturn.
Local companies such as Safmarine and Transnet say traffic is already declining
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 | Source: www.manilatimes.net
The cargo shipping industry slowed down in the third quarter last year due to weak local and international trade caused by the global financial crisis
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 | Source: http://www.cargonewsasia.com
While Singapore managed to post a rise in container throughput for 2008 and retain its position as the world's busiest container port for another year, it may not be able to hold on to this prime perch for much longer as Shanghai keeps nipping at its heels
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 | Source: http://www.schednet.com
Against many expectations, Shanghai failed to dethrone Singapore for the global title as housing slumps and rising job concerns in the United States and Europe reduced demand for Chinese goods
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 | Source: www.business24-7.ae
Falling returns from the shipping industry have severely crippled the ability of ship owners and charterers to repay credit facilities extended to them by bunkering firms
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 | Source: http://uk.reuters.com
Denmark's A.P. Moller-Maersk, the world's largest container line, said on Tuesday the shipping industry was unlikely to recover before the end of next year and it had no plans to try and buy smaller rivals
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 | Source: http://www.barentsobserver.com
President Dmitry Medvedev has signed a law that will lessen the tax burden on fishing companies when making port calls in Russia. The law may have serious impact on Norwegian ports serving Russian vessels today
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 | Source: http://www.schednet.com
The German Port of Hamburg, Europe's second largest container port with an annual box handling capacity of 9 million TEU, has become a leading distribution point to the Eastern European nations of Georgia, Ukraine and particularly Poland
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 | Source: www.gulfshipper.com
Among the challenges are the sputtering global economy, port congestion and infrastructure issues and uncertainty in the oil, gas and commodities industries that drive the trade
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 | Source: http://www.businesstimes.com.sg
The growth of the Singapore fleet continued through 2008, with the tonnage of ships under the Singapore Registry of Ships (SRS) growing by some 10.4 per cent over 2007 to reach 43.7 million gross tonnes (GT) as of end December 2008
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 | Source: http://www.trafficworld.com
The Tokyo metropolitan government will launch a project aimed at encouraging carriers operating large ships entering the Port of Tokyo to shut down their engines when they are at berth
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 | Source: www.etaiwannews.com
Taiwan's three major seaports are expecting business to soar as a result of the newly established direct shipping links between Taiwan and China, despite the drag effect of the global economic crisis
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 | Source: www.cargonewsasia.com
A worldwide decline in seaport container cargo shipments, which mostly comprise consumer goods, should moderate by 2010 and possibly rebound by 2011
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 | Source: www.postbulletin.com
When the new canal is completed, the two will be able to handle some 97 percent of the world's shipping
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| Source: http://www.etaiwannews.com
Singapore's maritime and port sector defied economic gravity in the later half of 2008 to hit new highs in vessel arrival tonnage, container throughput, cargo throughput, bunkering volumes and fleet size
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 | Source: www.hurriyet.com.tr
The Turkish maritime industry has joined the caravan of industries suffering the hardships generated by the global economic crisis
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 | Source: www.thehindubusinessline.com
Figures released recently by the Indian Ports Association show that in the first nine months of the current fiscal, traffic growth in the country’s major ports was 3.43 per cent, at 391.8 million tonnes
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 | Source: www.shippingdigest.com
Lured by cheap labor, cheap land and tax benefits, more global companies are moving at least part of their global operations to Vietnam. For many, the rising cost of doing business in China is a key factor
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 | Source: www.seatradeasia-online.com
...there is now growing concern that the Chinese may be planning to proceed with many of the contracts placed at the country’s well-established yards, if necessary for their own account
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 | Source: www.jp.com.sg
Developed as a wharf in 1965 to support Singapore's first and biggest industrial township, Jurong Industrial Estate, Jurong Port (JP) today is a thriving multi-purpose port which handles a diverse range of cargoes and vessels
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 | Source: www.einnews.com
The implementation of ISO 30000 along with the new IMO convention will have an impact on shipowners, shipbuilders and maritime suppliers, ship recyclers and governments and administrations
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 | Source: www.tankerworld.com
US President Barack Obama's energy policies are holding to pre-election promises to end the need for crude oil imports from Venezuela and the Middle East
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 | Source: http://www.caltradereport.com
The ports of Los Angeles and Long Beach have said they will go ahead with the imposition of a controversial container fee, despite a request by the federal government...
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 | Source: http://www.yourindustrynews.com
For some time, the European Union (EU) has been working on a maritime strategy for the way ahead for this key sector of EU growth. The result was published on 21 January 2009 and is very supportive to shipping in the EU and internationally
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 | Source: http://www.reuters.com
Dubai-based DP World DPW.DI, one of the world's largest container port operators, said on Monday it was reviewing all expansion projects, cutting costs and freezing recruitment as growth slows in 2009
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 | Source: www.island.lk
...due to the Global recession many Ship Owners are looking for sheltered waters for Laying up their ships until the Global Trade economy picks up. "This is an opportunity Sri Lanka can exploit and Sri Lanka Ports Authority (SLPA) must identify a few sheltered waters such as Trincomalee that are ideally suited for laying-up ships...
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 | Source: http://www.blonnet.com
Contrary to expectations, the growth of India’s combined shipping fleet in terms of gross tonnage has been almost flat in 2008, with fleet expansion being slower than earlier projected
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 | Source: www.exportandfreight.com
The latest data indicated a fall in container traffic volumes compared to the same six months of 2007, with both key market segment in load-on/load-off traffic declining by 4 per cent and roll-on/roll-off traffic slightly less, with a decline of 3 per cent
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 | Source: www.gulfshipper.com
Whether they had a foul 2008 or a fair - and some Gulf ports had a surprisingly healthy year, considering the turbulent economy - nearly all are hunkering down for the rough weather they expect in 2009
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 | Source: http://www.businesstimes.com.sg
European Union (EU) regulators proposed to cut red tape for cargo ships travelling between EU ports in a bid to spur maritime trade and bolster the economy
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 | Source: www.reuters.com
The Baltic Exchange's chief sea freight index, which tracks prices to ship major dry commodities, inched up on Wednesday but analysts said a sustainable rally depended on a recovery in global steel prices
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 | Source: http://www.koreatimes.co.kr
South Korea retained its No. 1 ranking in the global shipbuilding industry in terms of new orders, order backlogs and volume of vessels built in 2008
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| Source: http://www.cargonewsasia.com
The Eurogate Group handled 14.2 million TEUs in 2008, an increase of 2.3 percent on the previous year
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 | Source: www.ap.org
The possibility of new shipping routes through once-frozen regions threatens to complicate already delicate relations between countries with competing
claims to Arctic territory
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 | Source: http://www.cargonewsasia.com
Japan's top shipping companies today reported dismal earnings results for the fiscal third quarter and issued profit warnings for the full year
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