Press-Digest

Vietnam: Shipping sector hit by tax waves  06/01/10

Source: www.vir.com.vn
If shipping companies are proactive in their approach to tax planning in Vietnam, there are real opportunities to reduce their risk of tax exposure and improve their operational performance...

Container shippers unfazed by debt crisis  06/01/10

Source: thestar.com.my
The demand momentum for container shipping lines in Asia is expected to remain strong despite the looming sovereign debt crisis in Europe...

US, EU scrutinise container shipping rates 06/01/10

Source: http://www.cargonewsasia.com
A US regulator and the European Union's (EU) competition watchdog are monitoring the world's top container shipping lines for any evidence of price fixing...

Los Angeles reports dramatic gains in pollution 06/04/10

Source: http://www.joc.com
The clean-trucks program and other pollution-reduction measures slashed harmful diesel emissions at Los Angeles last year...

Container shipping volume to grow 6-8% by year end after strong Q1  06/04/10

Source: www.cna.com
Container shipping volumes are expected to rise only six to eight per cent by the end of this year despite companies in the industry showing double digit growth in the first quarter...

Container crunch rattles shipping companies 06/04/10

Source: http://www.cargonewsasia.com
Freight rates and volumes have spiked but containers are expected to remain in dire shortage until September...

Vietnam building to overcapacity? 06/07/10

Source: http://www.cargonewsasia.com
Vietnam's container traffic has been growing rapidly and to keep up with demand the government is furiously building new ports, particularly in the south, arousing concerns of overcapacity...

HK and Shenzhen ports lag rivals on throughput growth 06/07/10

Source: http://www.cargonewsasia.com
Mainland ports continued to report double-digit growth in container throughput last month, but the ports of Hong Kong and the Pearl River Delta have yet to return to pre-crisis levels...

Surging shipping rates hike export costs 06/09/10

Source: http://www.cargonewsasia.com
Exporters are calling for negotiations with shipping firms over skyrocketing time charter rates that are the primary cause of significant increases in the cost of outward bound international shipments...

China Cosco wins target rise in rates 06/09/10

Source: http://www.businesstimes.com.sg
China Cosco Holdings Co, China's largest container line, said it has won a targeted increase in transpacific rates, bolstering industrywide efforts to end losses...

Breaking new ground in marine technology 06/09/10

Source: http://www.businesstimes.com.sg
All these technological changes have one thing in common. They all started onshore and if it flourished, slowly expanded its presence into the marine industry...

US ports may rise on Indian coal market  06/10/10

Source: www.portstrategy.com
Some US ports could well be riding the “Indian Tiger” as talks have begun on possible exports of coal from the US to India...

Lower surplus of supertankers in Persian Gulf 06/10/10

Source: http://www.businesstimes.com.sg
A surplus of supertankers competing to haul two million-barrel cargoes of Middle East crude oil shrank over the past week on stronger Chinese ship demand...

Dry-bulk shipping costs seen falling 06/10/10

Source: http://www.businesstimes.com.sg
The cost of hiring ships to haul commodities such as coal and iron ore may fall as demand weakens in China, the world's biggest consumer of the materials...

Port traffic, Baltic index signal slow shipping sector recovery  06/11/10

Source: www.financialexpress.com
...According to Indian Ports Association (IPA), the overall port traffic for May stood at 4.78 million tonne against 4.66 million tonne in April 2010...

China export growth rises sharply 06/11/10

Source: http://www.cargonewsasia.com
China’s exports surged almost 50 percent in May on the back of increasing consumer demand in major overseas markets and across Asia...

Progress at the Panama Canal  06/15/10

Source: www.antonnews.com
So, far, the expansion effort is within budget and will be completed in 2014 – the 100th Anniversary of the Canal’s opening...

Sea change for joint marine research in Europe  06/15/10

Source: cordis.europa.eu
Norway, together with Belgium and Spain has been given the EU's go-ahead last month for a large-scale joint European marine research programme...

Maersk expects peak season container shortage in Asia 06/17/10

Source: http://www.joc.com
Maersk Line is telling its customers to expect a shortage of container availability for exports out of Asia lasting through the peak season...

Maersk sees unprecedented container shortage 06/18/10

Source: http://uk.reuters.com
Maersk Line, the world's biggest container shipping group, said on Thursday a strong rebound in global trade has led to an unprecedented shortage of containers as shipping enters its peak season...

China invests billions in Greece shipping 06/18/10

Source: http://www.cargonewsasia.com
In an audacious and well-timed move China is investing in Greece’s shipping industry as part of an investment of billions of US dollars in 14 commercial projects in the cash-strapped European state...

Shanghai box throughput overtakes Singapore 06/18/10

Source: http://www.cargonewsasia.com
China's emergence as a global shipping power has seen Shanghai consolidate its position as the world's busiest container port ahead of Singapore...

Supertanker market moves into balance on more demand  06/21/10

Source: www.bloomberg.com
The market for supertankers competing to haul cargoes of Middle East crude oil moved into balance for the first time in two months as vessel supply shrank on Chinese demand...

New container prices hit 19-year high 06/23/10

Source: http://www.joc.com
"Critical" box shortage drives price as manufacturers struggle to keep pace...

'The China story': What's ahead for dry bulk  06/23/10

Source: www.thestreet.com
...On Tuesday, the going rate on the spot market for the largest dry-bulk freighters on the high seas, the Capesize vessels too big to fit through the Suez or Panama canals, fell to their lowest point since early 2009...

Boxship supply, demand to come into balance in the next few years 06/24/10

Source: http://www.joc.com/
Container ship supply will grow more slowly than forecast, allowing demand to catch up with capacity by 2015 and support higher rates. The industry begins rebound from worst downturn ever

Shipping rates sail south, hit bottom lines  06/28/10

Source: www.business-standard.com
...The Baltic Dry Index ... fell 40 per cent to 2,501 on Friday against 4,209 a month earlier...

Singapore must boost productivity, lower costs 06/28/10

Source: http://www.cargonewsasia.com
The Singapore port and shipping industry has been locked in turbulent waters for most of the downturn...

Charter rates soar on tight capacity  06/29/10

Source: www.joc.com
Container ship charter rates are soaring as ocean carriers compete for a dwindling supply of vessels at the start of the peak shipping season...

Iraq woos investment in refineries as port systems crumble 06/30/10

Source: http://www.ogj.com
Iraq, seeking to double its domestic refining capacity and reduce expensive imports, has offered discounted oil and acreage to companies willing to invest $20 billion on four refineries...

Brazil eyes shipyards to dodge oil curse 06/30/10

Source: http://www.moneycontrol.com
...The shipbuilding push is part of Brazil's broad effort to drive oil revenues into economic development. The country will also create a fund for oil revenues and require that companies acquire equipment locally...

Moving towards a greener shipping industry 06/30/10

Source: http://www.businesstimes.com.sg
...The shipping industry has recognised the imperatives in environmental improvement and is certainly not resistant to the trend...



© 2004—2006 PortNews
E-mail: mail@portnews.ru

License N Эл N77-6656
When reprinting the materials of PortNews LLC it is necessary to include live reference.

Inform about misprint