Press-Digest

Carriers hunt for market share as crisis co-operation fades 05/04/10

Source: http://www.schednet.com
The recovery in container shipping has resulted in a scramble for market share again, as several carriers increase capacity, while others settle for a smaller slice of the pie...

Ocean carriers move beyond the ports 05/04/10

Source: www.worldtrademag.com
...oceans carriers continue to mine that frontier in the hope of providing broader supply chain solutions for their customers...

Will HHI join shipping industry?  05/04/10

Source: www.theglobeandmail.com
When the world’s most prominent shipbuilding company makes a full-fledged entrance into the shipping industry, the shipbuilding and shipping industry will generate a synergy effect that is expected to result in an inevitable upheaval...

After a year shaped by global crisis, CMA CGM returns to profit  05/05/10

Source: www.cma-cgm.com
...In a container shipping environment where every player was severely affected by the global crisis - the deepest the maritime shipping industry has ever experienced - the Group's consolidated revenue declined by 30%...

Freight market firms up on increased Chinese trade  05/12/10

Source: www.thehindubusinessline.com
The global freight market gained some torque in the last few weeks, fuelled by increased international oil transportation and more exports and imports by China...

BP knew of problems hours before blast 05/13/10

Source: http://money.cnn.com
BP knew of problems with an offshore well hours before it exploded last month, spilling millions of gallons of oil into the Gulf of Mexico...

A.P. Moller-Maersk returns to profit 05/14/10

Source: http://www.joc.com/
A.P. Moller-Maersk swung to first quarter profit of $639 million from a $373 million loss a year ago driven mainly by increased container traffic, rising ocean freight rates and higher oil prices.

Chennai set to build 'mega' box terminal 05/17/10

Source: www.portworld.com
Considered to be the most ambitious port project in the region of Tamil Nadu, the mega terminal is designed to increase the port's annual container terminal handling by 4 million TEUs from the present capacity of 2.2 million TEUs...

Tianjin port on target to become shipping hub 05/17/10

Source: http://www.cargonewsasia.com
The Beijing administration is to inject around US$13 billion into Tianjin port facilities in the next five years as part of its ambition to turn the northern Chinese port into an international shipping hub...

Confusion reigns in shipping sector over VAT charges  05/19/10

Source: www.businessdailyafrica.com
The new requirements will push the cost of calling at the port of Mombasa up by 16 per cent...

Australian ports play infra catch-up 05/24/10

Source: www.pfie.com
Australia is playing infrastructure catch-up with more than A$10bn worth of port projects...

Somalia: Pirates or protectors? 05/24/10

Source: www.fahamu.org
Somalia - the country with the longest coastline of any African nation - it is unfortunate that there is no basic strategy to deal with these matters...

Shipping faces a turbulent ride on its carbon-cutting quest  05/26/10

Source: www.reuters.com
Shipping is responsible for ferrying over 90% of global trade and produces about 3% of mankind’s carbon emissions...

North Korea threatens to cut last link with South 05/26/10

Source: http://uk.reuters.com
North Korea threatened to close the last road link with the South if Seoul goes ahead with propaganda broadcasts across the militarised border, as Washington pressured China to help persuade the North to change its ways...

Results on the ground - Development of ports in Croatia  05/27/10

Source: www.worldbank.org
The ports of Rijeka and Ploce are two transit ports acting as gateways for the Pan European corridor to Central Europe and Bosnia and Herzegovina respectively...

China operators post sharp rise in box volume 05/27/10

Source: http://www.cargonewsasia.com
China Merchants Holdings (International) and Cosco Pacific have posted significant double-digit throughput increases in the first four months of the year...

No respite from rising shipping costs 05/28/10

Source: www.hardware.globalsources.com
Solid recovery among China's export manufacturing industries is driving up shipping fees, as vessel owners are hoping to recoup margins by continuing to control capacity...

NOL Chief says private infrastructure investment needed 05/31/10

Source: http://www.joc.com
...Developed countries don’t have the money to do what they would like to, and developing countries are already pouring money into the effort...

DP World starts marketing of Vallarpadam terminal  05/31/10

Source: www.thehindubusinessline.com
Encouraged by the progress of work at the site, the terminal is expected to be ready for a soft launch by mid-July...



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