http://www.lloydslist.com/sec/allheadlines?src=rss Latest headlines from www.lloydslist.com en-gb The content of this feed is copyright by Informa plc. Reproduction, retrieval, copying or transmission of the content of this site is not permitted without the publisher's prior consent. Lloyd's is the registered trademark of the Society incorporated by the Lloyd's Act 1871 by the name of Lloyd's webeditor@lloydslist.com webeditor@lloydslist.com Mon, 12 May 2008 00:00:00 GMT Mon, 12 May 2008 05:00:28 GMT Latest http://www.lloydslist.com/rss 30 144 43 http://www.lloydslist.com/content/rss/lloydslist/lloydslist_rss_logo.gif Saturday http://www.lloydslist.com/art/1210216495098&src=rss ITALIAN Euro MP Antonio Tajani has been nominated as the new European Union transport commissioner. Justin Stares Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495188&src=rss MAERSK Line is at the forefront of industry-wide efforts to pinpoint why so many containers are being lost over the side of ships. Janet Porter Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495223&src=rss THE containership newbuilding market has burst back into life with a massive $1.3bn order from Cosco Container Lines for eight 13,350 teu vessels. Janet Porter Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495168&src=rss MONDAY MAY 12 Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495173&src=rss THE on-again, off-again project to build a bridge over the Strait of Messina, branded a white elephant and abruptly shelved by former Italian premier Romano Prodi, will be dusted off and restarted under the incoming Berlusconi government, writes John McLaughlin. John McLaughlin Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495178&src=rss WFP halts Burma aid Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495158&src=rss SHARES in Pacific Basin Shipping took a battering on Friday, falling nearly 6.9% to close at HK$13.54 after the Hong Kong-listed handysize specialist confirmed it had raised HK$2.1bn ($274.5m) last week from a new share placement. Keith Wallis Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495118&src=rss GOLDEN Ocean will suffer minor delays on the deliveries of three newbuilding bulk carriers as a result of flooding at China’s Rong Sheng yard, writes Tony Gray. Tony Gray Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495068&src=rss SOUTH Korea’s STX Shipbuilding was well placed to catch some of the long anticipated wave of very large crude carrier orders last week, writes Mike Grinter. Mike Grinter Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495073&src=rss Yang Ming to spin off bulk Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495093&src=rss NASDAQ-listed DryShips has bought out the private 4.4% stake of its chief executive George Economou in target company Ocean Rig, writes Nigel Lowry. Nigel Lowry Athens Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495083&src=rss IN A deal that further underlines the dramatic increase in tanker prices over the course of an unprecedented bull run, d’Amico International closed the sale on Thursday of the 2004-built medium-range tanker High Peace to Vietnam’s Southern Petroleum Transportation, writes John McLaughlin. John McLaughlin Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495123&src=rss LOSS-making Cheniere Energy may cancel the time charters on two new liquefied natural gas carriers, a move that would add further capacity to an already over-tonnaged market, writes Tony Gray. Tony Gray Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495043&src=rss WORK on the Long-Range Information and Tracking programme is continuing at the International Maritime Organization’s Maritime Safety Committee meeting in London, with the secretariat desperate to secure agreement on a number of key issues ahead of the January 1, 2008 deadline. Neville Smith Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495103&src=rss From Capt David Robinson Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495038&src=rss US OBJECTIONS to an IMO plan to make mandatory casualty investigations by flag states should not be enough to prevent its adoption by MSC 84, but the country will continue to object to provisions designed to protect seafarers, writes Neville Smith. Neville Smith Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495078&src=rss INTERNATIONAL Maritime Satellite Organisation secretary-general of the Esteban Pacha has confirmed that the budget for its role as long-range identification and tracking of ships co-ordinator has been approved, though it is not yet fully funded, writes Neville Smith. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495063&src=rss HYUNDAI Heavy Industries, the world’s largest shipbuilder, has broken ground on a new shipbuilding yard in the southwestern port city of Gunsan, writes Mike Grinter in Hong Kong. Mike Grinter Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495033&src=rss MAJOR changes for the World Maritime University, which are expected to include a new management and reformed board of governors, have been announced by the International Maritime Organization, writes Michael Grey. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495163&src=rss Information Supplied by Kelvin Hughes Charts & Maritime Supplies Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495128&src=rss AKER Floating Production has dismissed its chief executive Svein Olsen following cost overruns on an FPSO conversion project. Martyn Wingrove Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495113&src=rss ICL joins Washington lobby Tony Gray Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494993&src=rss BREMEN logistics group BLG is to offer rail-borne car transport services with its new joint venture, BLG AutoRail. The carrier will operate between western and eastern Europe. Patrick Hagen Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494998&src=rss UK CONTAINER port capacity last week received a much-needed fillip with the news that DP World has received formal government approval to push ahead with its 3.5m teu capacity London Gateway project that could see the first boxship berthing by 2010, writes Roger Hailey. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494983&src=rss MAURITANIA’s ramshackle port infrastructure is about to be upgraded and updated with major projects at the capital Nouakchott and the northern port of Nouadhibou, Transport Minister Ahmed Ould Mohameden told Lloyd’s List. Pieter Tesch Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494868&src=rss FTA rejects duty proposal Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494878&src=rss FEEDBACK on board Royal Caribbean’s Independence of the Seas seems to indicate that customers like the style of the new ship, despite its size. Sandra Speares Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495003&src=rss THE UK port of Portsmouth has received a major boost to its cruise business with the announcement that Fred. Olsen Cruise Lines is to operate five cruises from there, starting in October 2009, writes Mike Hood. Mike Hood Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495008&src=rss WHEN NCL’s largest ship enters service in March 2010, the first of the two as yet unnamed 150,000 gt F3-class vessels, the company will break new ground in the cruise industry for the design of passenger cabins, writes Mike Hood. Mike Hood Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495013&src=rss Brito backs Santos’ cruises Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495028&src=rss THERE is a lot to be said for the principle that if you repeat something often enough, no matter how stupid, it will become received wisdom. It is change by what we might think of as mental osmosis, or possibly stealth. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494978&src=rss IT MUST be rather sad to be the last in a line that stretches back continuously through several hundred years of the marine industry in the UK. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494883&src=rss LET US this week sock it to the Venezuelans. Not all of them, of course, but, in particular, the management of the petroleum coke terminal at Jose, hard by Puerto La Cruz. These miserable jobsworths ought to be made to eat the stuff they load aboard arriving ships, such is their thoroughly unpleasant disrespect for the seafarers who might be aboard them, to whom shore leave is denied. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494888&src=rss THE long and distinguished history of the US Coast Guard might be thought of as several hundred years of mission creep, although Admiral Thad Allen would probably not like it so described. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494893&src=rss THIS year is shaping up to be memorable for various reasons. The economy faltered in the first quarter, with growth down to 0.7%, and the strength of the domestic currency stoked the country’s inflation rate to 3.9%, the highest for four years. On a global level, South Korea slipped behind India to become the world’s 13th largest economy. Mike Grinter Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494958&src=rss WHEN talking to Hanjin Shipping in April this year, the company was still in negotiations with its customers on the transpacific trade. The company was necessarily circumspect. A spokesperson said: “With the skyrocketing increase in bunker costs in 2007, it was a very difficult year; not just for Hanjin Shipping but for all carriers. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494928&src=rss WHEN STX Pan Ocean set out a plan for massive expansion and diversification in 2005, it could not have predicted how successfully things would turn out. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494913&src=rss UNDER the leadership of president Suh Jung-Ko, Incheon port, 40km from South Korea’s capital Seoul, has been burning an enviable growth trail since 2004. But will capacity expansion outgrow cargo? Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494918&src=rss THIS year promises to be significant for national classification society Korean Register of Shipping. In February, its fleet reached 30m gt for the first time in its history; by the end of this year the total is expected to rise to 33.5m gt. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494933&src=rss WHILE private companies and investors may be looking for quick returns, it is the prerogative of governments to take a long term view of development. South Korea’s newly-formed Ministry of Land, Transport and Maritime Affairs is no exception. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494938&src=rss COMPARED with its chief rivals such as Hyundai Heavy Industries, Samsung Heavy Industries and STX Shipbuilding, Daewoo Shipbuilding and Marine Engineering has been a little slow off the block in terms of picking up new orders in the first third of the year. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494903&src=rss IT MAY be unfair to envy Daeyang Shipping chairman Chung You Keun the wealth he has accrued since founding his dry bulk business in 1993. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494968&src=rss HEAD of ship sales K S Kim has an air of impregnability about him these days. Hardly surprising really, Hyundai Heavy Industries and its affiliates Hyundai Mipo Dockyard and Hyundai Samho appear to be leaving the competition in the dust. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494923&src=rss SAMSUNG Heavy Industries, perhaps more than any other shipbuilder, is at the peak of its game. It is building some of the most high-value ships in the world and it is not going to be distracted by ships that fall into the flavour-of-the-month category. And, despite rumours to the contrary, is not interested in building cruiseships; not for the time being at least. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494948&src=rss THE chief executive and president of the Korea Marine Fund Corp, Yeonsim Kim, is unmoved by the recent drying up of shipping funds. Not only did he work in the shipbuilding industry for many years, but he is also a keen historian; so he has seen these sorts of down periods before. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494973&src=rss FOUNDED in 2001 under the STX Group, STX Shipbuilding is a young player compared with its rivals. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494943&src=rss SPP Shipbuilding is frequently described as an emerging shipbuilder; a description that often provokes cynicism in the shipping community at a time when there is widespread concern about shortages of very expensive raw materials and a credit crisis on. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494953&src=rss IN RECOGNITION of the increasing attractiveness of Dubai in terms of a cargo destination and an operational centre, Hyundai Merchant Marine established subsidiary operations in Dubai in April. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494898&src=rss Daehan seeking capital Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494908&src=rss THERE is gathering an as yet barely acknowledged sense that the recent overseas ventures of South Korean shipyards have not been an unqualified success. Insiders suggest that Samsung Heavy Industries’ Chinese block fabrication facility is not bringing it all the cost benefits it had hoped for. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495048&src=rss Najin rail potential Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495053&src=rss A DESPERATE shortage of shipyard workers is challenging cultural norms in South Korea as the government ponders importing foreign labour. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494963&src=rss IT IS possible that in the past this newspaper has been a little harsh in its treatment of Busan Port Authority. It has frequently been depicted as a government body presiding over a bloodbath where terminal operators are stabbing each other in the back to get a few boxes out of a twin facility — Pusan old port and Pusan New Port — awash with overcapacity. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495193&src=rss NORTH WEST EUROPE: Large cargoes: The large cargo propane market continues to rise on the back of record highs on crude. As the first half of May trading was completed all eyes started focusing on second half May deliveries with several companies bidding to cover positions during the 15-25 May period at prices equivalent to the low $860s. One buyer for storage tested the market for a 15-30 May arrival at $862 and May – $1 and was taken out which was not a complete surprise as several cargoes are expected to be available over the last 5-7 days of May. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495198&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495258&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495263&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495233&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495238&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495228&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495268&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495243&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495253&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495248&src=rss © Lloyds MIU 2008. These reports may not be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of the publisher. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495138&src=rss TRADING volumes in dry bulk shipping derivatives have dropped sharply, amid widespread uncertainty about where the physical market will head this week, as spot freight rates hover near all-time highs. Michelle Wiese Bockmann Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495283&src=rss Rate calculations based on a 172,000 dwt capesize built-1999/daily hire $115,667. Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering and Sobelnord. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495273&src=rss For more information on routes or calculations please visit www.balticexchange.com Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495288&src=rss Rate calculations based on a 172,000 dwt capesize built 1999/daily hire $115,667.Daily Hire provided by: Arrow Chartering, Barry Rogliano Salles, Fearnleys, Socomet Chartering and Sobelnord. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495278&src=rss All prices are indications in US$/day of current market level, basis midpoint between bid/offer at 13:00 London time. Contract routes are as current Baltic Exchange definitions. For more information, visit www.freightinvestor.com Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495108&src=rss AN ABUNDANCE of iron ore from new producers such as Australia’s Fortescue Metals and existing Indian and Brazilian suppliers could scupper attempts by long established players Rio Tinto and BHP Billiton to gain an 85% price hike this year, writes Keith Wallis in Hong Kong. Keith Wallis Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495143&src=rss INTERDEALER broker Tradition and Oslo-based shipbroker RS Platou said on Friday they are launching a sea freight derivatives desk specialising in dry commodities trade, Reuters reports. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495183&src=rss ORE Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494988&src=rss BOOMING dry bulk markets will help boost net profit at China Cosco Holdings to Yuan26.46bn ($3.78bn) this year, according to latest estimates by Macquarie Research. Keith Wallis Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495213&src=rss For more information on routes or calculations, visit www.balticexchange.com Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495203&src=rss China steel imports surge Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495148&src=rss COLOMBIA may seek companies from China and India to invest as much as $500m in a pipeline to carry oil or petroleum products from Venezuela’s Orinoco Belt to the Pacific Ocean, Bloomberg reports. Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495058&src=rss CLEAN Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495153&src=rss China steel imports surge Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495133&src=rss TANKER owners are hoping that the soft suezmax market will improve this week and help bolster charter rates, which have been falling in recent weeks, writes Martyn Wingrove. Martyn Wingrove Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495208&src=rss Index basis: 50-52,000 dwt bulk carrier, maximum 10 years old, 25t cranes with grabs, 14k on 30t ifo no diesel at sea Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495218&src=rss All prices shown in Worldscale Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495023&src=rss IRELAND’S shipping and ports industries both handled record cargo volumes last year despite challenging global market conditions, according to the latest annual review published by the Irish Maritime Development Office. David Osler Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495088&src=rss THE infamous tallship, HMS Bounty, pictured, passed elegantly through the Panama Canal last week on a world tour that will take it back to Tahiti to celebrate the 220th anniversary of its famous voyage to the Pacific island, writes Rainbow Nelson. Rainbow Nelson Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216495018&src=rss LONDON handled over 50m tonnes of cargo for the seventh year in a row in 2007, including record numbers of containers and other unit cargoes, according to Port of London Authority, writes David Osler. David Osler Mon, 12 May 2008 00:00:00 GMT http://www.lloydslist.com/art/1210216494873&src=rss New kid on the block Mon, 12 May 2008 00:00:00 GMT