http://www.fairplay.co.ukContinuously updated news for the shipping and maritime community from Fairplay International Shipping Weekly.60TheNewsSystemFri, 03 Sep 2010 13:30:30 GMThttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100903000007OIL IS running out and “far too cheap”, a Singapore seminar organised by a Norwegian bank has been warned.Fri, 03 Sep 2010 11:32:00 GMTCompany: DnB NORhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100903000005SYDNEY Ports Corp is continuing to set new container records, with the latest figures showing Port Botany throughput rose by 15.3% year on year in July.Fri, 03 Sep 2010 11:05:00 GMTPort: Port BotanyCompany: Hutchison Port HoldingsCompany: Sydney Ports Corphttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100903000006JAPAN said today its seaborne LNG imports reached 40.3M tonnes from January to July this year, a jump of nearly 9% from that period in 2009.Fri, 03 Sep 2010 11:04:00 GMThttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100903000004OIL PRICES would need to hit $150 per barrel by 2015 “to destroy demand”, Torbjørn Kjus, senior energy analyst at DnB Nor Markets, has told a Singapore seminar.Fri, 03 Sep 2010 10:44:00 GMTCompany: DnB NORhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000021HURRICANE Earl has again strengthened to a Category 4 storm as it closes in on Wilmington, North Carolina.Thu, 02 Sep 2010 17:18:00 GMTPort: CharlestonPort: Wilmington (North Carolina)http://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000005TYPHOON Kompasu weakened to a tropical storm today after it made landfall in South Korea and passed over the capital Seoul.Thu, 02 Sep 2010 17:18:00 GMTPort: Incheonhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000020A MAJOR new contract to sell wheat to Egypt has underscored the growth in US seaborne agribulk trades, even as competitors suffer.Thu, 02 Sep 2010 17:17:00 GMThttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000023A SHIP repair worker, 59, was reportedly killed today at Poland’s MSR yard in Swinoujscie.Thu, 02 Sep 2010 16:25:00 GMTPort: SwinoujscieCompany: Morska Stocznia Remontowa SAhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000019FINLAND’S ship agency John Nurminen Navis told Fairplay today its acquisition by GAC was driven by the buyer’s desire to push north to seek more lucrative oil and gas clients.Thu, 02 Sep 2010 15:43:00 GMTCompany: GAC Marine LLCCompany: GAC Marine LLC - Abu DhabiCompany: Nurminen Ship Agencyhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000018REVENUES for the Suez Canal has reportedly climbed 12.2% in this year’s first eight months, from that period a year ago.Thu, 02 Sep 2010 15:32:00 GMTPort: Suez CanalCompany: Suez Canal Authorityhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000017LATVIAN Shipping has reported $25M in losses for the first half of 2010, against profits of $9.29M for the same period of 2009.Thu, 02 Sep 2010 15:32:00 GMTCompany: Latvian Shipping Co (Latvijas Kugnieciba)http://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000012THE UK’S Maritime & Coastguard Agency told Fairplay today it plans to test its response to maritime emergencies near wind turbines this weekend.Thu, 02 Sep 2010 14:20:00 GMTCompany: Maritime & Coastguard Agency (MCA)http://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000016VENEZUELA has chosen China Harbour Engineering to build a box terminal at Puerto Cabello, a key port plagued by severe delays and throughput losses this year.Thu, 02 Sep 2010 14:17:00 GMTPort: Puerto CabelloCompany: China Harbour Engineering Co Ltdhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000015US TUG-barge operator K-Sea has announced a new $100M private equity investment, the restructuring of its revolving debt and a $54M write-off for its latest quarter.Thu, 02 Sep 2010 13:04:00 GMTCompany: K-Sea Transportationhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020100902000002A KREMLIN order has eased last month's ban on grain exports – but stopped well short of Prime Minister Vladimir Putin's indication that significant exports could resume later this season.Thu, 02 Sep 2010 13:00:00 GMT