TURKISH MARITIME MAGAZINE

Chemoil&Hanjin to build terminal Global bunker supplier Chemoil and South Korea's largest shipping firm Hanjin Shipping may jointly build a bunkering terminal in Korea's Busan New Port, a Busan port official has revealed.		MOL to start Chennai service Mitsui O.S.K. Lines will open a route linking Laem Chabang, Singapore, Port Kelang, and India’s Port Chennai starting March 23, said Akimitsu Ashida, president of MOL.

MOL, 'K' Line start US-Canada line Japan's MOL container shipping line has announced its participation in a new service revamp with "K" Line on the US west coast and Canadian trade lanes.		MISC opens Thailand-Singapore MISC has launched a direct feeder service between Bangkok and Singapore. The Malaysian shipowner is deploying a 500 teu vessel, with 60 reefer slots, on the Siam Singapore Shuttle Service between Bangkok and Singapore.

Austal USA to Prime LCS Bid Austal USA and Bath Iron Works (BIW) have agreed to revoke their current teaming arrangement. This strategic decision allows Austal USA to act as prime contractor in the upcoming bid for 10 U.S. Navy Littoral Combat Ships (LCS).		Ultra-Deepwater Drillship Contract Transocean Ltd. announced that the newbuild ultra-deepwater drillship Dhirubhai Deepwater KG2, which is owned by a joint venture with Pacific Drilling Limited, has commenced operations for Reliance Industries in India under a five-year drilling contract.

Farrell Lines add 2 more vessels Farrell Lines announced the addition of two U.S. flag roll-on, roll-off vessels into its fleet, the Alliance Beaumont and Alliance Charleston.		AlMansoori JV with Key Energy AlMansoori Petroleum Services has signed a joint venture agreement with American-based onshore energy production services company Key Energy Services.


APT Enters the Marine Sector Alternative Petroleum Technologies S.A. (APT) and its partner, ITI S.r.l., completed a successful demonstration of various versions of its products on board a commercial container ferry using an emulsified diesel marine fuel.		Alu Design agreed with STX Norway Alu Design & Services has been contracted by STX Norway Electro for delivery of pilot chairs and deck rails to STX’s YN 725.

Air cavity system for existing vessels DK Group announced the launch of the Air Cavity System (ACS) Retrofit for existing vessels.		Fishing Vessel Attacked EU NAVFOR reported that on the morning of 4 March, the 2,100 tonnes Spanish Fishing Vessel Albacan was attacked by pirates in the Indinan Ocean.

Oil prices to rise freight rates April could be a dicey month for consumers. Truckers have threatened to go on an indefinite strike from April 5, and shipping companies have announced a 15-30% increase in container freight charges because of rising oil prices.		Newcastle to Export First Cargo Newcastle Coal Infrastructure Group, partly owned by BHP Billiton Ltd., said it will ship its first cargo from a terminal at the Australian port this month after spending more than A$1 billion ($909 million) on the facility.

UAE's trade rose over 5 years The UAE total volume of non-oil foreign trade reached about 663 billion dirham in terms of value in 2009, of which 449.2 billion dirham for imports value, 66 billion dirham for exports value, and 147.8 billion dirham for re-export value.		Trade growth could lead shortage Cargo container traffic on the Asia to West Coast route will see modest growth this year after seeing a 16 percent drop last year, but whether there will be enough ships to handle all that cargo in a timely fashion is another question.


FreeSeas announces 2009 results FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of eight Handysize vessels and two Handymax vessels, announced yesterday financial results for its fourth quarter and year ended December 31, 2009.		MSC Blames Customers for Crisis Shippers caused container shipping's deepest crisis by exploiting overcapacity to drive down freight rates below vessel operating costs, the head of Mediterranean Shipping Company said.

Nasdaq issues Oc.Freight warning Greece based dry bulk and tanker owner OceanFreight is looking at options to boost its share price after being warned by the Nasdaq stock market for breaching requirements on stock price levels, writes Nigel Lowry in Athens.		OSG targets $160m from follow-on Overseas Shipholding Group has revealed plans to raise a potential $160m through a follow-on share offering, at an offer price potentially near the high end of the tanker major’s 52-week price range, writes Rajesh Joshi in New York .

Kuwait scraps single-hull VLCC KUWAIT Oil Tanker Co sold three single-hull very large crude carriers for scrap last week, in a record deal worth nearly $35m, writes Brian Reyes.		Pacific Tiger rates set to continue burning Panamax rates for tonnage in the Pacific are set to leap further ahead this week, with the sprint that started just before China celebrated the Year of the Tiger showing no sign of slowing, brokers said.

Greek seafarers to join strike SHIPS face being tied up throughout Greece on Thursday as seafarers opt to join a general strike that looks set to cripple the beleaguered nation.		Renegotiating newbuilding prices GERMAN KG financier Ownership has successfully reduced the price of two multipurpose vessels being built by China’s Jiujiang Tongfang Jiangxin yard.