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04 August 2020 The on-line newspaper devoted to the world of transports 18:54 GMT+2

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The Business Timesweb site
MAY 12, 2008
Shipping News
  • Torm reports drop in Q1 profit
    Torm, the largest operator of gasoline and jet-fuel tankers, said first-quarter profit fell 92 per cent after the sale of a unit in the same period last year, adding that it is now benefiting from 'strong' tanker rates. Net income dropped to US$52.2 million, from US$674.4 million, a year ago, Torm said in a statement on Friday. Last year's figure included US$704.2 million from the sale of its stake in D/S Norden A/S.

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Sched Netweb site
MAY 12, 2008
  • 'K' Line joins Wan Hai on Japan China Vietnam service
  • New Beijing-Shanghai railway work starts to ease capacity crunch
  • Offshore Ship Designers sets up office in China
  • GAC names new GM for logistics in Dubai
  • Toll sells rail and ferry back to New Zealand government
  • Textainer up 29pc in first quarter, but see clouds ahead
  • ICTSI buys more gear for flagship terminal
  • European airfreight demand weakens up only 1.5pc in March
  • China Southern Airlines to launch Qingdao Guangzhou Melbourne service
  • Shenzhen Airlines starts Nanning-Philippines service
  • DHL opens warehouse at Bangalore airport
  • Air Malta flies to Leipzig, sees Germany on upswing

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Exim Indiaweb site
MAY 12, 2008
  • Nigerian shipping routes now most prone to piracy
  • Young shipowners of italy interact with CII officials
  • Myanmar tragedy moves Maxicon Container Line to rush 2 shiploads of relief
  • Mur Shipping officials interact with trade to enhance presence
  • STC contracts to buy 8,000 t palmolein
  • Myanmar tragedy may hit pulses supply
  • Rice export ban may be eased
  • Textile exports to US picking up, notes Jt Textile Commissioner
  • High-level Latvian delegation calls on JNP
  • Chittagong port proposed as N-E region's gateway once again
  • Jayant Lapsia comes aboard MbPT Board
  • ABG KCT becomes preferred port of call
  • Dairy farmers ask govt to discourage oilmeal exports
  • Steel makers ready to cut prices

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Maritime Global Netweb site
MAY 9, 2008
  • Interferry, IMO extend campaign to cut 3rd World ferry deaths
  • AXA's marine business grows 16%
  • Bourbon's strong Q1 results
  • Tajani set for EU transport post

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Marine Logweb site
MAY 9, 2008
  • House panel puts brakes on DDG 1000
  • USCG issues marine safety alert
  • Coast Guard takes delivery of Bertholf
  • Bourbon reports strong first quarter earnings

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World Wide Shipperweb site
MAY 9, 2008
  • Corps selects Cottonwood Island as disposal site for dredge material
  • US rail freight traffic sees gain in carload count
  • Wi-Fi service now available at Anacortes ferry terminal
  • Northwest Airlines plans Sea-Tac nonstop to Beijing
  • Coast Guard accepts delivery of new Security Cutter BERTHOLF

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Lloyd's Listweb site
MAY 9, 2008
  • Cosco orders eight more boxship behemoths
    NANTONG Cosco KHI Shipping Engineering to build 13,350 teu vessels in $1.3bn deal.
  • China Cosco posts $876m net profit
  • Genco snaps up Bocimar bulkers
    GENCO pays $257m for two panamaxes and a suparamax, according to brokers report.
  • Antonio Tajani to get EU transport chief job
    ITALIAN Euro MP will be new commissioner as Jacques Barrot takes on new Brussels portfolio.

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Fairplayweb site
MAY 9, 2008
  • US export surge spurs box shortfall
    STONGER US exports have helped support the American economy, but the trend is causing a shortage of containers on both sides of the Pacific
  • Daewoo in Russian yard plan
    DAEWOO Shipbuilding is to join with Russia's United Industrial Corporation to develop a new shipyard, according to media reports in St Petersburg
  • Court rejects disability appeal
    THE Philippine Supreme Court has rejected an appeal by the country's ship management firms and crewing agencies to intervene in the 120-day disability case on seafarers' claims
  • $1Bn deal for Brazil bulkers
    RIO de Janeiro headquartered Log-In Logistica has secured a $1Bn contract to transport bauxite for Brazilian steel company Alumina do Norte do Brasil (or Alunorte) over the next 20 years.

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The Journal of Commerceweb site
MAY 9, 2008
  • Borders secure, Basham eyes development of Customs trade strategy
    Basham says agency would be focusing more on trade enforcement after developing its border security strategy.
  • CKYH resumes AWE-5 service
  • Oakland truck protest wanes
  • U.S. narrows trade gap
  • Jones Act carriers sued
  • NAM: Cut component tariffs
  • Wincanton to bid for TDG
  • CMA CGM ship refloated
  • Vycon powers LB cranes
  • Steep decline for West Coast air cargo shipments
  • Insurer Avalon tabs chief

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Containerisation Internationalweb site
MAY 9, 2008
  • Is there a practical alternative to marine diesel?
    Today (May 9), trading in a barrel of crude oil raced through the USD125 barrier, heaping more inflationary pressure on global transportation costs. The price of crude oil has now risen by over 25% from the beginning of the year, on prices that were already double those of the previous year.
  • Felixstowe's delayed expansion finally gets going
  • Thamesport wins back the Grand Alliance
  • Independent Container Line sign up with WSC
  • Canadian government funding 'green' freight initiatives
  • NYK, Australia, to reduce costs with e-reports

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TradeWindsweb site
MAY 9, 2008
  • Coastguards stand firm on pay
    A summer of strikes in the UK seems certain after latest meeting between union and government agency head.
  • Cape floated on market
    A Kleimar-owned bulk carrier is reported by brokers as up for sale.
  • Peter G in $397m deals
    Georgiopoulos' New York-listed companies have reportedly scooped up two tankers and three bulkers.
  • California backs down
    California' Air Resources Board says it will not enforce ship emissions regulations after a defeat in the federal courts.
  • Deductible day
    London insurance leader Simon Stonehouse says it is time shipowners took a reasonable share of their hull risk.
  • Stolt, Jo also cleared
    Stolt-Nielsen and Jo Tankers say the European Commission investigation against them has been closed.
  • One not enough
    Gulf Energy Maritime sells not one but two of its products tankers.
  • Li and Cosco slug it out
    Hong Kong billionaire and Chinese shipping giant enter dogfight for control of boxship activity at Piraeus.
  • Money in the bank
    P&I mutuals will need to raise more cash to stay afloat predicts RaetsClub's Martin Lanting.
  • Tajani gets Jacques job
    Italian Antonio Tajani takes over the European Commission transport portfolio following Brussels reshuffle.
  • Wilson to double capacity
    Brazilian offshore vessel owner and builder preps expansion at its Sao Paolo-area shipyard.
  • Fos-Lavera forced to a halt
    French oil port workers stage 24-hour protest over privatisation, as tankers asked to leave.
  • Tight supply helps OSG
    Lazard Capital Markets analyst lifts Morton Arntzen-led tanker owner's second-quarter forecast by 18% as tight supplies should keep VLCC rates firm.
  • STX doubles up
    Sister yard STX Shipbuilding once again chosen venue for pair as STX Pan Ocean brings VLCC order up to four.
  • Missed spot a kick for Montanari
    Italian tanker owner's first-quarter profit plummets as spot market crumbles and fuel prices soar.
  • Pac basin takes a hit
    Hong Kong bulker owner's stock falls after it placed shares at a discounted rate.
  • Solstad slides
    Norwegian offshore shipping player hit in first quarter by drydockings, falling rates and higher costs.
  • NCSP snaps up Lomonosovsky
    Novorossiyk port operator buys 50% share in expanding St Petersburg terminal.
  • Golden Ocean trio in yard flood
    Water bursts through natural breakwater at Jiangsu Rongsheng flooding dock building three panamaxes.
  • STX seeks 8 more
    Korean owner sets aside $290m for handy splurge in addition to $810m budgeted in January for acquisitions.
  • Hong Kong holds three
    IRISL bulker features on April detention list together with Hanoi Maritime multipurpose.
  • Torm starts strongly
    LR2s and panamax bulkers come through for Danish owner in first quarter.
  • Yang Ming spins off bulkers
    Taiwanese container line to move small dry cargo fleet into separate company, with IPO mooted in future years.
  • Kawasaki Kinkai on a high
    Japanese bulker and ro-ro owner nearly doubles annual profit in healthy markets.
  • Shinwa surges
    Japanese bulker and tanker owner posts big annual profit to March, but this year is not looking as good.
  • Courage makes 'robust' start
    Bulker owner posts a 32% rise in first quarter net profits as average revenue per ship jumps 60%.
  • Revenues rise at Bourbon
    Expanded fleet helps lift first quarter revenues at French offshore and bulker owner by over 20%.
  • Premium challenge
    Lars Rhodin explains his priorities as he takes the helm of the Swedish Club at a challenging time for insurers.
  • Krumnow seeking 'elegant' exit
    TUI chairman set to bow out after narrow victory in share holder vote, board member says.
  • TBS off and running
    US tweendecker specialist sees first quarter profits more than treble compared to a year ago.
  • Cover on the cheap
    Insurance broker Nick Berry spills the beans on some of the amazing bargains to be had in a soft insurance market.
  • Boxship grounds off Melbourne
    Cheng Lie Navigation's Francoise Gilot able to refloat itself after suspected engine failure.

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American Shipperweb site
MAY 9, 2008
  • U.S. shippers urged to book far in advance with liner carriers
  • TBS reports increase in profits, revenues
  • Coast Guard takes delivery of cutter
  • Containership refloated off Australia
  • Hughes asserts ILA's place in short sea shipping
  • Pelosi urges FMC to move SoCal truck plan forward
  • Calje joins PD Ports from APM Terminals
  • Transet orders 30 straddle carriers from Kalmar for Durban port
  • ICTSI names new business development manager

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The Scandinavian Shipping Gazetteweb site
MAY 9, 2008
  • Storm circles WMU ' Sweden cuts support to half
    When the IMO-governed World Maritime University in Malm', Sweden, is preparing its 25th anniversary, a large row has erupted over the school and the way it is managed. Last year, an external investigation was launched to examine the situation ...
  • Damaged port cranes complicates Burma aid
    The seagoing international aid to Burma following the tropical cyclone last week faces severe obstacles, due to a damaged main container terminal. Hutchison Port Holdings, which owns the Burma International Terminals Thilawa, says that terminal's cranes had been wrecked but ...
  • O. W. Bunker in fleet renewal
    O. W. Bunker & Trading Ltd. has taken the last steps in the company's fleet renewal. Two older ships have been sold off and two Clipper-owned tankers have been taken on bareboat charter for a period of seven years, and ...

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