to be delivered from Rauma in 2012

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• Otto Marine begins arbitration against Polar Marine

    Otto Marine has started arbitration proceedings against Polar Marine for prematurely cancelling a contract. This is in relation to a shipbuilding contract that Otto Marine entered into with Polar Marine. In a filing with the Singapore Exchange, Otto Marine said it terminated the contract with Polar Marine with effect from June

• GC Rieber Shipping – Cancellation of the new build 7038

    New build 7038, which was ordered in May 2008 by Polar Marine II Pte Ltd, a 51/49 joint venture between GC Rieber Shipping and Otto Marine, has been cancelled due to significant delays.? The cancellation, which has been put forward by Polar Marine II in accordance with the contractual terms,

• GC Rieber Shipping announces withdrawal from the new 7038

     New build 7038, which was ordered in May 2008 by Polar Marine II Pte Ltd, a 51/49 joint venture between GC Rieber Shipping and Otto Marine, has been cancelled due to significant delays.

• India large quantities of coal from South Africa

    India imported 2.4mln tons of coal from Richards Bay in South Africa in October, accounting for 35% of monthly totals of 6.7mln tons. In September, the coal imports of Richards Bay in South Africa was 1.4mln tons, occupied 34% of coal imports totally.

• Zim to work with four companies on Asia South America East Coast

     Zim Integrated Shipping Services has announced that it would co-operate with four global shipping companies: Compania Chilena de Navegacion Interoceanica (CCNI), Hanjin Shipping, Hapag-Lloyd and Wanhai Lines on the service from Asia to South America East Coast via South Africa. ? The joint operation will take effect in April 2010 serving Korea,

• STX wins $ 173 million. Polar Ship Deal

    STX Group announced Wednesday it has won a 116 million euro ($173.3 million) deal to build a research vessel for the South African government. Construction of the multi-purpose icebreaker will be started in September next year and completed in 2012 at STX Finland’s Rauma yard in southwest Finland, the company

• Iron ore, ArcelorMittal South Africa stopped supplying much

    ArcelorMittal South Africa, a unit of the world’s biggest steel maker, said on Friday that iron ore supplier Sishen Iron Ore Co Ltd (SIOC) had cancelled a supply agreement between the two firms.

• Second ship of E. Africa Calls for New Mangalore Port

    The second mainline container vessel from Port Mtwara in East Africa called at New Mangalore Port for unloading raw cashewnuts on Tuesday. A press release by Mr S

• CCNI, Hanjin Shipping, Hapag-Lloyd and Zim Wanhai announce collaboration

    Compania Chilena de Navegacion Interoceanica (CCNI), Hanjin Shipping Co., Ltd, Hapag-Lloyd, Wanhai Lines and Zim Integrated Shipping Services have agreed to cooperate on the service from Asia to the east coast of South America through South Africa.

• China to invest on stalking, in the mines of South Africa

    Like India’s steel giants, China is also showing interest in investing in South Africa’s mining sector. According to the minister of mines in South Africa, China had shown strong interest in investing in the African nation’s mining sector. China, Africa’s biggest emerging market partner, has been investing in the continent’s

• Melting polar cap that costs more

     (workboat)  The shrinking polar ice cap is creating shipping and environmental protection issues in the formerly isolated town of Nome, Alaska, city officials said.   Source

• South Africa still tops in the export of coal Rankings

    Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal analysts at the annual Role of Coal conference, held in Johannesburg this month, South Africa is still top of the pile when it comes to coal exports. At the conference, John Hollaway & Associates MD

• ArcelorMittal South Africa: Steel Prices Unchanged in February

    ArcelorMittal South Africa Ltd. is rolling over its prices from January to February, marking the third consecutive month that the steelmaker has kept prices unchanged, company spokesman Sven Lunsche said Monday. ArcelorMittal South Africa, majority owned by ArcelorMittal (MT), the world’s largest steelmaker, said it operated at 75% of full

• Zim to cooperate with four shipping to Asia – South America East Coast

    Zim Integrated Shipping Services announced last week that it would co-operate with four gloval shipping companies: Compania Chilena de Navegacion Interoceanica (CCNI), Hanjin Shipping, Hapag-Lloyd and Wanhai Lines on the service from Asia to South America East Coast via South Africa. The joint operation will take effect in April 2010

• ArcelorMittal S Africa Extra Eyes Of Kumba Iron Ore

     ArcelorMittal South Africa Ltd. (ACL.JO) is in an arbitration process to decide whether it can benefit from Kumba Iron Ore Ltd.’s (KIO.JO) Sishen South mine expansion under the terms outlined in an existing supply agreement. Sven Lunsche, company spokesman for ArcelorMittal South Africa, said the arbitration process started last month and