 | Source: http://www.bairdmaritime.com All year round, ship owners and seafarers get into trouble from time to time when calling at ports in the United States as a result of non-compliance with US environmental legislation...
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 | Sri Lanka port welcomes foreign investors 08/02/10Source: http://www.portworld.com The Sri Lankan port of Hambantota will be opening its doors to foreign investors...
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 | India: Rethink needed on cabotage 08/03/10Source: www.thehindubusinessline.com While cabotage is seen by some as essential to protect the country's maritime interests, others such as S. N. Srikanth, an expert on coastal shipping, see it as an anachronism...
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 | Iran feels sanctions heat at UAE ports 08/03/10Source: http://www.reuters.com Ships carrying petroleum to Iran face greater scrutiny at ports in the United Arab Emirates as new western sanctions bite leaving the Islamic Republic to seek alternative hubs...
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 | Shipping industry optimistic despite weak economic indicators 08/04/10Source: http://www.cargonewsasia.com The shipping industry has shrugged off concerns about a possible severe downturn in cargo export volumes from the mainland following last month's decline in manufacturing output...
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 | Customs Union comes at a price 08/04/10Source: http://www.rbcnews.com/ The Customs Union has already cost Russia $158m since the start of 2010, Russia's Audit Chamber announced after analyzing the main steps taken to build the union.
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 | No role for China at Sri Lankan bunker terminal 08/04/10Source: http://www.portworld.com Sri Lanka's Hambantota bunker terminal will not be operated by a Chinese company...
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 | Do pirates have a knack for timing the market? 08/09/10Source: www.minyanville.com The pirates seem to have timed the market fairly well, after raw sugar futures for October delivery on the ICE (ICE) exchange hit a four-month high of 18.52 cents/lb. this week...
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 | Supertanker owners may copy Frontline, hold back ships after rents plunge 08/09/10Source: www.bloomberg.com Owners of supertankers delivering the world’s seaborne crude oil may emulate industry leader Frontline Ltd. and stop leasing the vessels until a plunge in rental income is reversed...
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 | Africa needs maritime strategy, says report 08/10/10Source: www.bairdmaritime.com A report ...has said Africa is the only major region in the world that does not have its own maritime policy or strategy...
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 | TUI benefits from rebound of shipping business 08/11/10Source: http://uk.reuters.com TUI AG , owner of Europe's largest travel company TUI Travel , said it expects to make a full-year profit as a rebound in demand for container shipping offsets weak holiday bookings...
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 | Kazakhstan to boost Caspian oil tanker fleet 08/16/10Source: www.reuters.com Kazakhstan aims to handle half of the Caspian Sea's commodity cargoes by 2013 after expanding its fleet of oil tankers with the help of private investors...
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 | Chinese owners apply for Baltic Exchange membership 08/17/10Source: http://www.lloydslist.com Hong Kong and Chinese companies comprise 8% of the Baltic Exchange’s 600-strong membership base...
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 | Container Shipping - Rates are flattening out - balance sustained, but for how long? 08/17/10Source: www.bimco.dk We see that the freight rate index levels from China show that rates to Europe have been very stable around 1,800 (index value) since April with a slight negative trend over the last three weeks...
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 | Maersk changes bulbs, saves on fuel 08/18/10Source: http://www.cargonewsasia.com Maersk Line will save 15,000 tonnes of fuel and reduce CO2 emissions by 45,000 tonnes each year, thanks to improvements in the design of 22 new container vessels...
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 | India: Shipping in protectionism 08/19/10Source: www.thehindubusinessline.com The shipping industry's demand for a ‘first right of refusal' in carrying imported crude oil may be justified from its perspective, for huge volumes are at stake...
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 | Container Shipping firms entering energy business 08/19/10Source: www.cargonewsasia.com Containership operators are taking advantage of their seamanship to enter the offshore energy production business...
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 | Freight rates flash warning signs 08/20/10Source: http://www.hellenicshippingnews.com/ Global shipping rates are heaving and tossing. In May, it cost $25 to send one tonne iron ore from Andhra Pradesh to China. Today, it costs $12.50. Bringing a tonne of coal from Australia to India cost $30 per tonne in May and now $17.50.
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 | Iran Ports Capacity to Expand 08/23/10Source: www.iran-daily.com Iran Ports and Maritime Organization announced that the country's ports capacity is expected to reach 158 million tons annually in the next five years...
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 | Low rents speed up scrapping of single-hull tankers 08/23/10Source: www.bloomberg.com Scrapping of older supertankers with single hulls will speed up as a collapse in rents leaves the vessels unable to find employment...
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 | Vikor Olersky: Russia has to expand ports 08/23/10Source: http://www.hellenicshippingnews.com/ Russia needs to expand its port facilities to meet growing demand from oil, coal and other exporters, Deputy Transport Minister Viktor Olersky told Reuters. The world's top oil producer and fifth largest coal exporter ships a large proportion of its energy resources to foreign buyers via neighbouring countries due to domestic port limitations.
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 | New emission rules up shipping costs 08/23/10Source: http://www.hellenicshippingnews.com/ Cruise and cargo lines claim that new low-sulphur fuel standards for ships will increase their costs substantially and will have to be passed on to passengers and cargo owners. New rules that came into force in the Baltic Sea and North Sea this month dictate that the sulphur content of ship fuel must not exceed 1 per cent. The EU has earmarked these heavily-trafficked maritime zones as Emissions Control Areas (ECAs), extending out to 200 miles from coastlines.
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 | Container ship charter rate surge pushes into August 08/24/10Source: http://www.joc.com Charter rates for ships that can carry 3,500 20-foot containers have more than tripled since the beginning of the year and are set to climb further...
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 | Shipping industry finding cargo containers hard to come by 08/24/10Source: www.chron.com ....some shippers can't find enough of those 20- and 40-foot-long boxes used to transport cargo via ship, truck and train...
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 | Sri Lanka aims to revive historic silk route 08/25/10Source: www.zawya.com "We want closer relations with the Middle East, Russia, China and India than the West"...
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 | Futures Market for Container Shipping Industry 08/25/10Is nothing safe from being made into a financial instrument? Well it seems not in the business world. An Economist article reports that Clarksons, the world’s biggest ship broker, who pioneered derivatives for dry-bulk cargoes like iron ore and coal in the early 1990s, made its first container-derivative trade in January of this year. Since then, two other London-based brokers, ICAP and Freight Investor Services, have also started to offer derivatives products. Although tiny at the moment, Alex Gray of Clarksons believes, container derivatives may be worth 5-10% of the physical market by the end of 2011.
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 | Feature: Can China be shipping's green champion? 08/26/10Source: https://www.bimco.org Rather than simply oppose measures to design and develop a maritime system for carbon trading , China used the last session to position itself against any IMO measure designed for greenhouse gas emissions control...
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 | Overcapacity of ships may cut container rates 08/27/10Source: http://www.joc.com Container shipping lines have rebounded from a disastrous 2009, but their fortunes will “change quite dramatically” later this year as vessel capacity continues to rise...
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 | UN chief offers 7 options against shipping anti-piracy 08/30/10Source: www.ap.org A full-blown international tribunal for Somali pirates is among options the UN chief proposed to better prosecute ongoing ship attacks off the African coast...
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 | PM: M’sia to have world’s first mega low cost carrier terminal 08/30/10Source: http://thestar.com.my ...low cost terminal had been given development priority due to booming budget travel and KLIA2 was estimated to meet low cost travel needs for the next 10 to 15 years...
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 | Big ticket investments in container terminals 08/31/10Source: www.thehindubusinessline.com A combined investment of over Rs 5,000 crore in the next five years in container terminals, on which, all the three major ports are planning big development...
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 | Sustained recovery in Baltic Dry Index? 08/31/10Source: www.livemint.com The index has gone up by 60% to 2,712 points as on 27 August from its 12-month low of 1,700 seen on 15 July...
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