Press-Digest

China sets sail for the Arctic  07/01/10

Source: www.afp.com
...China, which has no territorial claim whatsoever, "is indeed at a very disadvantageous position in this brewing international competition surrounding the Arctic passage and resources"...

Maersk rejects cargos, Cosco imposes levy on container shortage 07/01/10

Source: http://www.businessweek.com
AP Moller-Maersk A/S, the world’s largest container line, is rejecting some shipments and retrieving cargo-boxes from customers more quickly to help offset a shortage of the containers...

Europe's crisis is China's opportunity 07/01/10

Source: http://www.atimes.com
A series of trade missions has traveled to Shanghai in the past two months, wooing Chinese investors in an attempt to boost Europe's weakened economies...

Debate over foreign ship ban in US 07/01/10

Source: http://www.businesstimes.com.sg
The Jones Act, which bars foreign ships from transporting goods between US ports, has become a flash point in debate over the spill...

The global shipping container shortage: Riding the waves to profits 07/02/10

Source: www.investmentu.com
...Those companies saw a collective 10% slump last year, the worst in the industry’s 54-year history. In the depths of 2009’s downturn, they wondered if they could recoup their losses even in five years...

Feature: Rays of light in the beleaguered LNG trades  07/02/10

Source: www.bimco.dk
Some LNG forecasters are now predicting that it could be 2014 before gas demand does justice to the expanded volume of liquefaction and shipping capacity that will be available by that date...

Asia-US traffic upsurge expected to continue 07/02/10

Source: http://www.cargonewsasia.com
Container traffic is surging along transpacific and intra-Asian routes, with trade gaining importance between the West and markets such as China, India, Japan and Vietnam...

Europe's woes likely to slow growth in mainland container throughput 07/05/10

Source: http://www.cargonewsasia.com
Growth in container throughput at major mainland ports is likely to slow in the second half of the year due to the European sovereign debt crisis...

Carbon clean-up: curbing carbon emissions in the maritime sector  07/05/10

Source: www.bairdmaritime.com
...political, economic, social, technological, financial, environmental and legal forces that have transformed and will continue to influence the landscape of the sector in many ways...

Vietnam: Container shortage delays exports  07/05/10

Source: vietnamnews.com
A shortage of containers has led to late export deliveries to partners overseas, leading to financial losses for local companies...

Feature: Is the World Ocean Council too big to fail?  07/06/10

Source: https://www.bimco.org
Building consensus on issues of environmental protection and sustainable development will enable the WOC to have a role in shaping policy...

State of shipping: mixed messages 07/07/10

Source: http://www.businesstimes.com.sg
...Traditional lay-up sites and anchorages remain congested...

Singapore firms ready to tap improving China-Taiwan trade ties 07/08/10

Source: http://www.cargonewsasia.com
Taiwan’s already-huge investments in China are set to expand even more, now that the two of them have signed an agreement on economic cooperation...

S.Korea says foreign ship orders recover from slump 07/08/10

Source: http://uk.reuters.com
South Korea's foreign ship orders soared during the first half of the year after a steep two-year slump, and the recovery will continue...

Investment Line: Should we worry that the Baltic index is running dry? 07/09/10

Source: citywire.co.uk
The Baltic Dry Index has slumped by more than 50% from its May high, sparking concerns that demand for commodities is falling...

Maersk CEO slows acquisitions on high asset prices 07/09/10

Source: http://www.businessweek.com
A.P. Moeller-Maersk A/S, owner of the largest container line, will slow the pace of acquisitions as a lower-than-anticipated number of company failures keeps asset prices high...

Shipping firms hit by lack of tax deals 07/09/10

Source: http://www.cargonewsasia.com
Hong Kong-based shipping companies are being forced to pay tens of millions of dollars in extra tax because of the government's failure to secure double taxation agreements with other key jurisdictions...

Brazil shipbuilding: A forecast  07/12/10

Source: www.marinelink.com
Today the shipbuilding market in Brazil has in excess of 100 firm orders for ships in a variety of shapes and sizes...

New legislation for the maritime sector 07/12/10

Source: europa.eu
The European Parliament approved the draft Directive intended to simplify and facilitate the administrative procedures for ships entering and leaving European ports...

S.Korea: Shipping, building sectors diverge 07/13/10

Source: joongangdaily.joins.com
The shipping industry has mounted a promising comeback, with activity and profits returning to the same levels they were at before the downturn began in late 2008...

The unreliability of the Baltic Dry 07/13/10

Source: www.cityam.com
Since the end of May, the Baltic Dry Index... has plummeted some 50 per cent

Shanghai tipped to overtake Singapore port 07/14/10

Source: http://www.cargonewsasia.com
Singapore could lose its crown as the world's busiest container port to Shanghai this year...

BP Plc investors paused for breath on Wednesday ahead of a fresh attempt to stop the burst Macondo well from spewing oil into the Gulf of Mexico. 07/14/10

Source: http://uk.reuters.com
The oil major and U.S. authorities postponed a critical test on Tuesday to determine if a new cap can successfully stem the flow of oil that has killed wildlife and hammered local businesses for nearly three months.

Talinn seeks more active role in Estonia-Russia transit trade 07/14/10

Source: www.balticbusinessnews.com
An international conference on Tallinn's role in developing transport ties between Estonia and Russia is being held today in Tallinn. The event will be attended by the mayors of Tallinn and Riga, CEO of Russian railroad monopoly Russian Railways, as well as other officials and businessmen.

Seagulls breed discord in Rotterdam 07/15/10

Source: http://www.cargonewsasia.com
Under the Netherlands' Flora and Fauna Act, wild birds are protected by law, and humans are prohibited from disturbing the birds or their environment during the breeding season...

Reform proposals sought for Australian ports 07/16/10

Source: www.portworld.com
The call is for key players to look at the bigger picture, to plan, manage and fund future ports and land corridors...

Privatisation benefits African ports 07/16/10

Source: http://www.ft.com
All the operators are applying their know-how to improve efficiency and to win customers. Some involve entirely new facilities...

Tough new US regulations for cruise ships  07/19/10

Source: http://www.bairdmaritime.com
Non-compliance can result in denial of entry into US ports, civil penalties up to US$50,000 per violation and criminal penalties up to US$250,000 and/or one year’s imprisonment...

Chinese shipping industry is big but not powerful 07/19/10

Source: http://gulfnews.com
Their 'New Silk Road strategy', which evoked much romance among geo-political analysts, is fast losing its benign quality...

Private operators restore Africa's run-down ports  07/19/10

Source: www.ft.com
All the operators are applying their know-how to improve efficiency and to win customers. Some involve entirely new facilities...

Tight tonnage in Europe boosts clean tanker rates  07/19/10

Source: www.dowjones.com
Freight rates for medium-range clean oil product tankers sailing west from Europe have maintained their bullish trajectory from last week...

Maritime delimitation in the Singapore Strait  07/19/10

Source: www.hydro-international.com
This settlement by the ICJ is an important decision that is likely to affect the delimitation of maritime boundaries in the Singapore Strait involving Indonesia, Malaysia, and Singapore...

Global container rates to move down sharply  07/19/10

Source: www.americanshipper.com
The top 15 public lines shed $11.4 billion and, if you add in private operators who do not publish results, the losses swell upwards to $15 billion to $20 billion...

Obama to launch ocean initiative 07/20/10

Source: www.latimes.com
President Obama on Monday is set to create a national stewardship policy for America's oceans and Great Lakes, including a type of zoning...

Korean shipping industry diversifying 07/20/10

Source: http://www.cargonewsasia.com
South Korea's major shipping companies, whose businesses were mostly concentrated on container ship and bulk carrier operations, are accelerating efforts for diversifying business areas...

'Flogging a dead horse': J P Morgan to sell Port 07/20/10

Source: http://www.tribune242.com
The Grand Bahama Port Authority's (GBPA) two shareholder families are set to appoint world-renowned financial institution J P Morgan to search for a buyer...

Congestion returns to European ports 07/21/10

Source: http://www.joc.com
Europe's top port Rotterdam is getting congested as surging container imports from China overwhelm deep-sea terminals and interrupt feeder services to smaller regional ports...

BUY OR SELL-Will Singapore shipbuilders' rally fade? 07/21/10

Source: http://news.alibaba.com
Shares of Singapore-listed shipbuilding firms including Yangzijiang Shipbuilding and Cosco Corp have surged over the past month, reflecting a slew of new orders in a recovering global economy...

Port of Long Beach plans $3 billion expansion 07/22/10

Source: http://www.dredgingtoday.com
To stay competitive, the Port is planning more than $3 billion in upgrades, including a new container terminal...

Baltic index rises, freight market still fragile  07/23/10

Source: www.reuters.com
A combination of slower iron ore activity, weaker coal imports into China, easing port congestion and the wrapping up of South America's grains export season have weighed on the overall freight market in recent weeks...

Suez canal trade not yet back to pre-crisis levels  07/28/10

Source: www.reuters.com
The Suez Canal widely viewed as a barometer of world trade is still not as busy as it was before the global financial crisis...

Cosco Corp sails through turmoil 07/28/10

Source: http://www.stockmarketsreview.com
Yet despite an extremely challenging 2009, COSCO managed to remain profitable...

Profits return for Japanese ocean carriers 07/30/10

Source: http://www.joc.com
Japanese carriers NYK, MOL and "K" Line reported profits in their April-June quarter as rising volumes and rates pushed their container operations into the black...

Dry bulk market back on the road to recovery  07/30/10

Source: http://www.hellenicshippingnews.com
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark...

US ConocoPhillips to sell its 20-percent stake in Lukoil 07/30/10

US ConocoPhillips is selling all of its 20 percent stocks in Lukoil this year. Lukoil agreed to buy out the US oil company's stake, thus becoming the sole owner of its regional subsidiaries like the Naryanmarneftegaz in the Nenets Autonomous Okrug.



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