Press-Digest

Freight rates to see recovery this year  02/01/10

Source: www.business24-7.ae
...Does it any way mean that the worst is over for the shipping industry and carriers can look forward to better days ahead?...

Panama Canal expansion to cut China shipping costs  02/01/10

Source: www.mb.com.ph
Chinese toys and sneakers headed to Wal-Mart Stores Inc. and Target Corp. on the US East Coast may bypass Warren Buffett’s $33.8-billion railway as the expansion of the Panama Canal slashes the cost of shipping them by sea...

Germany approves joint terminal venture 02/02/10

Source: http://www.joc.com
HHLA and Eurogate will each have a 50 percent stake in the new company which plans to establish a network of inland container terminals across Germany that will feed boxes by rail to Hamburg and Bremen/Bermerhaven...

Global floating storage set to play a key role in tanker rates  02/02/10

Source: www.business24-7.ae
Crude tankers lying offshore to take advantage of the contango in the oil futures market will be a key factor in determining tanker freight rates this year...

Don’t count with low-sulphur exception says IBIA 02/02/10

Source: http://www.shipgaz.com
...because of the potential safety risks associated with the switchover on ships with unmodified boilers, the deadline may have been put back...

Saudi revives plans to privatise port authority 02/03/10

Source: http://www.portworld.com
Saudi Arabia has revived plans to privatise the Saudi Ports Authority (SPA) but ruled out a complete privatisation as its lands are owned by the government...

Rotterdam official oil product figures up 02/03/10

Source: http://www.tankstoragemag.com
Throughput in the port of Rotterdam for the year 2009 ended up 2 million tonnes higher than suggested by the provisional figures...

Marine insurers still downbeat 02/03/10

Source: http://www.businesstimes.com.sg
Current economic conditions are the culprit. The big uncertainty is how many ships that have become casualties will end up being declared constructive total losses - that is, not worth repairing...

Antwerp launches breakbulk promotion effort 02/04/10

Source: http://www.joc.com
The Antwerp Port Authority and its port community are launching a new campaign to attract more breakbulk trade to the port...

Container shipping market looks up in 2010 02/04/10

Source: http://www.schednet.com
The prospects for the container shipping market are looking much better than 12 months ago, as both volumes and rates have been rising recently and the increases "appear to be to be resilient...

Container shipping market looks up in 2010 02/08/10

Source: www.hktdc.com
The prospects for the container shipping market are looking much better than 12 months ago, as both volumes and rates have been rising...

Slow steaming is causing berthing problems in Europe 02/08/10

Source: http://www.cargonewsasia.com
Slow steaming on a particular Asia-Europe trade can save a shipping line in excess of US$10 million in fuel costs but this means berthing windows need to be changed and this is not so easy in Europe, unlike in Asia...

Shanghai port boosted by spike in exports 02/10/10

Source: http://www.cargonewsasia.com
A frantic rush of outbound shipments has hit China’s busiest port, Shanghai, on the eve of Chinese New Year following an unexpected spike in export orders...

Trans-Pacific spot rate steadies 02/11/10

Source: http://www.joc.com
The average spot rate on Feb. 8 was $2,012, the same as in the previous week, but 41.2 percent higher than the spot rate in the sixth week of 2009...

Pakistan: Move to rationalize cargo handling charges at ports  02/11/10

Source: www.dawn.com
The government plans to take stern action against service providers at the ports, which are overcharging and operating without any lawful authority...

Berlin presses Korean shipyards to delay vessels 02/12/10

Source: http://www.joc.com
Deliveries of containerships could hurt financially troubled German ship-owners...

Many ships sink maritime recovery 02/15/10

Source: www.realvnc.com
...general secretary of the Viet Nam Association of Ship Owners, said owners had switched their focus to goods transport on domestic routes due to a lack of opportunity to transport to international markets...

Asia container trade to Europe jumps in Dec yr/yr  02/15/10

Source: www.reuters.com
Ship container volumes from Asia to Europe grew by nearly 10 percent year-on-year in December, staging the biggest monthly increase in 2009...

Shippers accuse lines of 'strong arm' tactics 02/15/10

Source: http://www.cargonewsasia.com
Shipping lines and South China shippers are locked in a bitter standoff over the imposition of an “emergency bunker charge” of US$43 per TEU and $86 per FEU for all FOB shipments in the intra-Asia trade...

Investment in ports much below targeted levels: ASSOCHAM 02/16/10

Source: www.indiainfoline.com
As against an anticipated private investment of US$ 13.64 bn in Indian port sector between 2007-08 and 2011-12, this sector could attract private investments only to an extent of US$ 3.21 billion in approx. 5 deals with an average deal size of US$ 80.2 million...

EU prepares for unilateral shipping action  02/16/10

Source: www.transportenvironment.org
Plans for the EU to set greenhouse gas emission limits for ships using EU ports moved a step closer last month when the Commission published a new report looking at various ways of charging for maritime emissions...

Baltic Oil Terminals turns cash flow positive as oil shipments recover 02/16/10

Source: http://www.proactiveinvestors.co.uk
Baltic Oil Terminals said its performance in the second half marked a significant improvement over the first half of the year expecting to see what it said would be a substantial reduction in losses in its full year results for 2009...

TUI AG optimistic for 2009/10 as bookings pick up 02/16/10

Source: http://uk.reuters.com
Germany's TUI AG , owner of Europe's largest travel company TUI Travel , was optimistic for 2009/10 as recent bookings showed that holiday-makers do not want to miss out on summer holidays

L.A. and Long Beach ports see 1.6% gain in cargo traffic 02/17/10

Source: http://www.latimes.com
It's the second consecutive month of year-over-year increases at the nation's busiest seaport complex...

Supertanker surplus shrinks on demand 02/24/10

Source: http://www.businesstimes.com.sg
The supply of supertankers competing to haul cargoes of Middle East crude oil shrank as falling rates spurred demand...

Good time to modernise fleet 02/24/10

Source: http://www.businesstimes.com.sg
As stricter emissions rules loom, savvy firms can pick up forsaken but fuel-efficient newbuildings...

Ports are gateways to India's economic prosperity 02/25/10

Source: www.moneycontrol.com
The first Budget of the new Government and Union Shipping Minister evokes many expectations as ports are gateways to India’s economic prosperity...

Floating storage 'critical for tankers' 02/25/10

Source: www.reuters.com
The amount of oil held on vessels at sea will remain a critical factor for the tanker market this year amid soft energy demand and rising ship supply...

Russia eyes port investment to up Asia grain export 02/25/10

Source: http://in.reuters.com
Russia expects a mix of $50 million to $100 million in public-private investment in port projects in its far east to boost grain exports and aims to ship a million tonnes of wheat to Japan within 2 years...

Tanker rates poised for hike: report  02/26/10

Source: www.bloomberg.com
The world tanker market stands to benefit if an improving economy and declining oil inventories prompt the Organization of the Petroleum Exporting Countries to increase production...

Singapore: Mixed response to shipping tax breaks  02/26/10

Source: www.businesstimes.com.sg
The various tax incentives for the maritime sector were met with a mixed response from industry players, however the consensus was that it was a positive signal to encourage the development of Singapore as a maritime hub...



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