Oil prices to slip back to around $70 a barrel - Eni Chief Executive 2008-5-28Eni Chief Executive Paolo Scaroni reiterated he expected oil prices to slip back to around $70 a barrel from their current record levels above $130. Oil was at around $133 on Tuesday morning.
West Coast port labor talks going smoothly 2008-5-28Contract negotiations are continuing smoothly between the West Coast dockers' union and the association representing shipping lines according to a short joint release issued May 22.
Senator Lines to boost Asia/Med slots 2008-5-28Germany's Senator Lines will next month double its slot capacity on a weekly Asia/Mediterranean service operated by Yang Ming.
SAIL holding 4.5 lakh tonnes imported coal at Vizag, Haldia, Paradip ports 2008-5-28Steel Authority of India Ltd (SAIL) is currently holding a stock of about 4.5 lakh tonnes of imported coal at Visakhapatnam, Haldia and Paradip ports. Of this, the stock position at Visakhapatnam is the largest with more than three lakh tonnes, followed by Haldia 1.24 lakh tonnes, and Paradip 21,000 tonnes. At Paradip, there was no coal stock on SAIL account for two weeks till May 21, it is learnt.
Kuehne + Nagel to manage Beiersdorf's logistics centre in Vienna 2008-5-28Kuehne + Nagel have announced that Beiersdorf CEE Holding GmbH has agreed to a partnership with the logistics giant for Kuehne + Nagel to take over its logistics centre in Vienna.
Hayleys Group, Logilink to develop Sri Lanka CFS 2008-5-28The Hayleys Group has commissioned a modern container freight station (CFS) in Sri Lanka in partnership with Logilink.
MSC adds Houston to west coast South America loop 2008-5-28Mediterranean Shipping Co. (USA) says it has amended its west coast of South America service by adding a Houston call.
XICT readies for start of IRISL service from China-Europe 2008-5-28Xiamen International Container Terminals has accommodated the Iran Bushehr, a 2,188-TEU vessel deployed by Islamic Republic of Iran Shipping Lines (IRISL) on a trial run before the launch of regular service at XICT.
Transport sector continues relief efforts to quake and cyclone zones 2008-5-28The world transport sector continued its efforts this week to provide relief to the victims of the Burmese cyclone and the Sichuan earthquake that have taken tens of thousands of lives.
WTSA pushes full floating surcharges in July bunker hikes 2008-5-28Westbound Transpacific Stabilisation Agreement container shipping lines have announced plans to raise bunker surcharges, effective July 1 to US$600 per FEU to achieve full, floating surcharges this year.
Dubai's maritime sector gears up for exponential growth 2008-5-27Dubai Maritime City, the world's first purpose-built maritime centre and a member of the Dubai World Group of companies based in the United Arab Emirates, has announced that construction on the project-currently in the third and final construction phase - is progressing a full year ahead of schedule.
China ports to raise iron ore storage prices 2008-5-27Chinese ports will significantly raise iron ore storage fees effective June 1, in an effort to clear the record stockpiles of ore at the ports. Traders said major ports have informed the relevant firms of the new fees, which are at least double the current standards.
US imports likely to stay flat despite tax rebate 2008-5-27Cost-conscious consumers in the US plan to spend, rather than save, about 40 percent of their tax rebate checks, sending US$42 billion back into the economy, according to the findings of a National Retail Federation survey.
'House full' sign up at new berths in Yangshan port 2008-5-27Demand for Shanghai's Yangshan port is so robust that any new additional capacity that comes on stream is immediately fully booked by shipping lines days in advance.
'Sea monsters' built in next two years heading for Europe 2008-5-27With US trade still in the doldrums and expected to remain stagnant for some time, most post-panamax newbuildings delivered in the next two years will be heading for the Asia-North Europe and Asia-Mediterranean trades, according to a PR News Service newbuildings survey of the top three shipping lines-Maersk, Mediterranean Shipping Co and CMA CGM.
APL doubles capacity in Oakland 2008-5-27APL has completed reconstruction of its Global Gateway Central marine terminal in Oakland, California, which doubles its cargo-handling capacity without expanding its footprint.
'K' Line returns to Port of Portland after three years 2008-5-27"K" Line, which left the Port of Portland about three years ago, will resume service at the Columbia River port next month, giving exporters there direct access to the Japanese market.
Dhamra port's first phase to be completed in 2 years 2008-5-27Dhamra Port, a 50:50 joint venture between Tata Steel and Larsen & Toubro, announced on Monday that the first phase of the project will be operational by April 2010 at an estimated cost of Rs 2,463 crore.
Maersk to upgrade weekly service to Europe, W. Asia 2008-5-27Maersk Line is to upgrade its weekly Europe/Middle East (ME3) service, also covering Nhava Sheva, by inducting higher capacity vessels.
GAC swoops Best Ship Agent award in Singapore 2008-5-27GAC has been named the Best Ship Agent at the inaugural Seatrade Asia Awards held in Singapore earlier this month.
