Saturday, July 4, 2009

'Fairplay VIII' donated to Hamburg museum

Germany: Foundation Hamburg Maritim took delivery of a 47-year-old Hamburg harbour tug yesterday (July 2) from Fairplay Towage.

The 447kW ‘Fairplay VIII’ was moored at its new berth at Sandtorhafen, Hamburg’s new museum-port.Joerg Mainzer, Managing Director of Fairplay-Towage, handed one of the original brass-keys of the tug’s wheelhouse as well as the ship’s papers to Reinhard Wolf, Chairman of the board of the foundation. The tug, built in 1962 at the Theodor-Buschmann Yard, which has belonged to the Fairplay-Group since 1957, will forthwith be moored at Sandtorhafen and will be open to visitors.
Read More

Unifeeder to Gayle

Danish Unifeeder will commence service to Gävle Container Terminal, GCT, in August. Unifeeder transports other shipping companies containers to European ports as Rotterdam, Hamburg, Bremerhaven and Antwerp.

“This is very positive and an obvious indication of the status of GCT. Today we are the largest East Coast container port in Sweden, and by the awaited connection to Rotterdam our operation conditions will be further improved”, says GCT Marketing Manager Håkan Bergström in a comment. Unifeeder will service Gävle by weekly calls.
Read More

Analysis: Focus on India - South Asia Rig Count Heats Up

Exploration in India has grown dramatically in the last decade through the New Exploration Licensing Policy (NELP) program.

With its first formal open exploration round in 1997, India is currently conducting its eighth bidding round for exploration and development opportunities on- and offshore the South Asian country. Prior to the open bidding process, only 11% of the country's sedimentary basins were under exploration, and after the first seven rounds of bidding, approximately 50% of India's sedimentary basins are under exploration.
Read More

Evergreen and Coscon merge southern services

Taiwan: Asian container lines Evergreen and Coscon are to merge their two jointly-operated services between the Far East-South America and Far East-South Africa into a single route, reports news site MGN.

The move was, the companies said, a bid to cope with soaring bunker prices and the poor state of the box market. The new ESA service will operate with a total of eleven 3,500 teu vessels of which Evergreen will deploy seven with four coming from Coscon.
Read More

China Iron Ore Demand to Boost Shipping, Morgan Stanley Says

Chinese iron ore usage will boost demand for shipping as imports of the steelmaking raw material will remain cheaper than domestic output Morgan Stanley said. “We believe Chinese iron ore demand will put incremental pressure on the seaborne market, as domestic mines are uneconomical,” Morgan Stanley said in a note to clients today.

The bank raised price estimates for the steelmaking ingredient by 42 percent for Australia and 27 percent for Brazil. Steelmakers in China, the world’s biggest producer of the alloy, may trim the price cut they’re seeking for iron ore and aim to agree to annual supply contracts by the end of this month, Tian Zhiping, vice president of Hebei Iron & Steel Group, said by phone today. China’s demand for iron ore has boosted the Baltic Dry Index, a measure of dry-bulk shipping costs, as much as fivefold this year and led to record queues of ships waiting to discharge consignments of the raw material.
Read More