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03 August 2020 The on-line newspaper devoted to the world of transports 16:46 GMT+2

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The Business Timesweb site
MAY 16, 2008
Shipping News
  • TUI posts higher Q1 loss of 166.8m euros
    TUI AG, the German tour operator planning to split off its Hapag-Lloyd freight line, reported a higher first-quarter loss after excluding earnings from the container shipping unit as discontinued operations.
  • Petrobras pushes oil rig rents sky-high
    Petroleo Brasileiro SA, Brazil's state-controlled oil company, leased about 80 per cent of the world's deepest-drilling offshore rigs to explore prospects including the Western hemisphere's biggest discovery in decades.
  • Hyundai Heavy gets 1.2b won in delivery bonuses
    Hyundai Heavy Industries Co, the world's largest shipbuilder, said that it received 1.2 billion won (S$1.6 million) in bonuses from clients for delivering vessels an average of about two months ahead of schedule.
  • Cosco Pacific eyes investment in US, Europe terminals
  • Economic slump, Internet challenge US Postal Service
  • Hyundai Merchant rebounds with Q1 profit

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Sched Netweb site
MAY 16, 2008
  • HK's April up 1.3pc to 2.04 million TEU, Singapore up 12.5pc from January through April
  • ELAA supports EC review on consortia, new block exemption
  • NOL attributes 183pc quarterly profit rise to 'discipline' and 'cost focus'
  • Guangzhou Port Q1 box throughput surpasses Kaohsiung, Rotterdam
  • Schenker builds new freight forwarding terminal in Austria
  • PSA sets up scholarship fund for low-income families
  • Georgia Ports Authority holds Suez route meeting June 2
  • SBITC opens New Container Terminal-1
  • Jade Cargo made official carrier of aid to Burmese cyclone victims
  • Aloha pilots keep flying despite no pay
  • GOP senator wants aviation safety bill back without extraneous clauses

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Exim Indiaweb site
MAY 16, 2008
  • Transworld's OEL undertakes another voyage
  • Now, containers & ships for US exports become scarce
  • DGS waives age limit for Indian ships!
  • IPBCC to cease from Oct. 17
  • Maersk Logistics emerges with flying colours at 1st Seatrade Asia 2008 Awards
  • US Exim Bank signs deals with 8 FIs to open loan window for aircraft purchase
  • Major German auto, aviation sector manufacturers coming to set up base
  • Lanco Infratech bags Vizhinjam box terminal project
  • Cyclone-hit Myanmar's major ports still closed
  • 132 pc jump in direct tax collections

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International Transport Journalweb site
MAY 15, 2008
  • BAWC announces key management appointments
  • Singapore Airlines raises profits
  • Estonia: SW Railway to carry freight again
  • FedEx lowers profit forecast again
  • Germany prolongs cabotage ban

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Maritime Global Netweb site
MAY 15, 2008
  • High claims hit UK Club results
  • Skaugen,Teekay in sale & leaseback deal
  • Cosco arms ship still lurking off Africa
  • UK shipping welcomes government plans
  • Evergreen, COSCON split service

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Marine Logweb site
MAY 15, 2008
  • Joint venture says $500 million still in place for NASSCO tankers
  • Conrad Industries ups its backlog
  • Trailer Bridge reports Q1 results
  • Foss hybrid harbor tug nears launch date
  • Hearing on Jones Act rebuilds
  • Fire breaks out on Bender newbuilding

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World Wide Shipperweb site
MAY 15, 2008
  • Port of Portland presents awards for airport recycling efforts
  • NOL numbers skyrocket during first quarter of 2008
  • Seattle's Fishermen's Terminal ready for business with upgrades
  • Freight services index falls during month of March
  • CKYH carriers bringing back All Water East Coast service

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Lloyd's Listweb site
MAY 15, 2008
  • Maersk Line stays in red
    AP Moller-Maersk container shipping arm loses $47m in first quarter despite higher cargo volumes and freight rates.
  • Analyst predicts two years in red for Maersk Line
  • Japanese owners in operating costs crisis
    SHIKOKU shipowner Sentoku Senpaku urges country's mega carriers to loosen stranglehold.
  • Thoresen Thai Agencies profit surges on dry bulk boom
    THE company is upbeat on the outlook for 2008, but has concerns about newbuildings joining the fleet in 2009.

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Fairplayweb site
MAY 15, 2008
  • Green recycling standard announced
    A GLOBAL ban on the beaching of condemned vessels by ship recyclers has been urged by Jim Puckett, a leading campaigner from the Basel Action Network (BAN).
  • Hansa Treuhand defies rate pressure
    HAMBURG KG house Hansa Treuhand is predicting another year of double digit returns for private container ship investors despite growing pressure on charter rates
  • UK MCA invites comment on transfer rules
    THE UK's Maritime and Coastguard Agency (MCA) launched a 12-week public consultation today on proposals for new legislation to regulate ship-to-ship transfer operations in UK waters
  • USS newbuilds still firm
    USS Products Investor, the joint venture between Blackstone and troubled US Shipping Partners (USS), is publicly insisting that its newbuild programme at NASSCO remains on track
  • Teekay announces 1Q results
    TEEKAY Offshore today reports a net income of $0.5M for 1Q08, compared to a net income of $6.8M for the same period last year
  • Iranian shipping firms get tax back
    IRANIAN companies involved in international transport and shipping are entitled to complete exemption from taxes on transit and export of goods from or through Iran to other countries.

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The Journal of Commerceweb site
MAY 15, 2008
  • Maersk Line trims losses in first quarter
    World's biggest container carrier cuts losses to $47 million from $198 million on higher rates and volumes, better cost controls.
  • Containerized exports surge at Los Angeles-Long Beach
  • Hapag-Lloyd net tumbles
  • TWIC sign-ups expanded
  • CMA CGM expands service to West Coast of S. America
  • Lines add Far East-ME loops
  • Legislation seeks to limit truck weight, size
  • New box ship for Seaspan
  • Six named to International Maritime Hall of Fame
  • Pioneer nuke ship Savannah moves to Baltimore
  • Trio bid for Greek port

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Containerisation Internationalweb site
MAY 15, 2008
  • Maersk Line still struggling in Q1 as group prospers
  • Weak dollar hits RCL Q1 profit
  • COSCON and Evergreen double capacity on Far East/Middle-East service
  • French tugs back on strike offensive
  • Inchcape: 'still enough room for port agencies'

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TradeWindsweb site
MAY 15, 2008
  • Aegean profits grow
    Earnings pick up 14% at Aegean Marine Petroleum Network as sales boom.
  • FreeSeas estimates cut
    Cantor Fitzgerald analyst ratchets down 2008 earnings projection by 23.1% as the dollar and lube costs are expected to cut into profits.
  • Trailer Bridge sees red
    First quarter swings to a $1.82m loss despite volume and revenue increases.
  • PSV order lifts Wilson net
    Brazilian shipowner, builder and terminal operator Wilson Sons sees profit jump 10% after an order at its shipyard.
  • US Shipping rebounds
    New York-listed Jones Act player regains some losses in its share price after three days of declines.
  • Teekay spin-off barely sable
    US-listed Teekay Offshore Partners barely ekes out a profit as non-cash charges piled up.
  • FreeSeas' revenue doubles
    Despite first-quarter revenues surge, derivatives losses shrink US-listed bulker owner's profits sink to a penny per share.
  • London calling dry investors
    Globus Maritime leads the charge of the bulker owners, boosting its market value by more than a tenth.
  • Teekay Tankers in line
    US-listed Teekay Corp spin-off earns $14m in profits, within range of analyst expectations.
  • Knightsbridge feeling flush
    Tanker owner cashes in on strong VLCC rates as first quarter profits rise 52%.
  • Maersk tops a billion
    Three months, $1.05bn in profit. Danish giant pulls in more first quarter cash as oil prices rise and freight rates improve.
  • HMM bulks up
    Korean owner back in profit in first quarter thanks to bulkers, while boxships also improve.
  • Guangzhou returns to ro-ros
    Hong Kong-listed shipyard confirms return to ferry building with $300m order from a Chinese owner.
  • Fesco buys VCT
    Russian box line splashes cash to take control of expanding Vladivostok container outlet.
  • Hafen packs a punch
    Operator of Germany's flagship container port sees profits rise 27% in first three months of 2008.
  • Sanoyas smashes forecast
    Japanese shipyard's full-year profit rises 280%, beating its own estimates by a fifth.
  • Evergreen, Cosco split Gulf run
    Taiwanese box line and Chinese rival to offer independent Persian Gulf loops after ending joint service.
  • STX builds profit
    Korean shipyard hikes first quarter earnings as revenues jump 54%.
  • Bonds boost Berlian
    Indonesian tanker owner sees first quarter profit soar as it revalues debt issue.
  • Costs and currency catch Wilson
    Shortsea specialist's net profit slumps despite higher charter income from its larger fleet.
  • Sasebo spot on
    Japanese shipyard sees full-year profits hit its own expectations, with cash tipped to keep flowing for the next six months.
  • Skaugen offloads another pair
    Teekay to buy more gas ship newbuildings from Norwegian owner with lease backs attached.
  • Meiji on upswing
    Japanese owner predicting more growth this year after increasing annual earnings to 31 March.
  • Teekay LNG slips to loss
    Foreign exchange and interest rate swap losses also take their toll at LNG player Teekay Gas Partners.
  • Teekay's profits plunge
    US-listed tanker owner takes a hit from unrealised foreign exchange and interest rate swap losses.
  • APL bolsters Vietnam links
    Neptune Orient Lines' liner subsidiary to launch new service linking Vietnam, Taiwan and Singapore.
  • Solvang in Neu gas venture
    Gas owners team up on commercial management of two groups' fully refrigerated LPG vessels.

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American Shipperweb site
MAY 15, 2008
  • Maersk sees improved results, reduces container losses
  • Hapag-Lloyd benefits from increased freight rates
  • New CMA CGM service on South America West Coast
  • ESPMC-WITASS to raise Guatemala THCs
  • Hanjin receives two 4,275-TEU ships
  • Hellenic Carriers receives bulker for charter to Hanjin
  • Germanischer Lloyd moves Scandinavia office to Copenhagen
  • Delta's Anderson embraces cargo
  • Deutsche Post's 1st quarter "on target" despite 18.4% net income drop
  • Congress urges pause in "first sale" change
  • Report: Credit crunch slows global transport, logistics M&A activity
  • HHLA makes impressive start to 2008
  • ICTSI inks Mindanao terminal concession

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The Scandinavian Shipping Gazetteweb site
MAY 15, 2008
  • GL moved area office to Copenhagen
    Germanischer Lloyd (GL), the German classification society, has moved its area office from Stockholm to Copenhagen. GL wants to be as close as possible to its customers. ' The most customers in the Area Scandinavia are located in Denmark, said Rainer ...
  • Solvang and Neu forms gas company
    The gas carrier owner/operator Solvang ASA and Neu Gas Shipping have established International Gas Carriers (IGC) to be responsible for the commercial operation of the two groups' fully refrigerated LPG carriers. The ownership and technical operation of the vessels ...
  • Skaugen sells two gastankers
    I.M Skaugen Group (IMSK) has agreed to sell two multigas carriers, on 12,000 cmb, capable of carrying LNG, LPG and ethylene for USD 90 million to Teekay Corporation. The vessels are under construction with Skaugen Marine Construction (SMC) in China ...

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The Bunker Bulletinweb site
MAY 15, 2008
  • Crisis predicted following Russian single-hull ban
    95% of bunkering fleet in Russian ports could be taken out of service by the end of 2008.
  • Bunker market report from Praxis
  • Oil spill scare in Bay area
    Initial fears of a large spill after tugboat hits refinery wharf, damaging pipeline.
  • Bunker markets stay firm as oil rebounds
    Singapore and Rotterdam IFO prices down only once in last seven trading days.
  • Rotterdam barge market quiet
  • Singapore: Stocks of residual fuel rise
    Distillates stocks reach three month high.
  • Teekay Tankers Q1 net profit up
    Expects to expand fleet with more tanker acquisitions.
  • NOL profits almost triple
    Box carrier says volumes and revenues offset surging bunker costs.
  • Chinese fuel oil imports down
    Customs data shows fuel oil import volumes down 25% year-on-year.
  • Supply of 380 cst steadies in Taichung
    Barging problems had left port without the product earlier this year.
  • Singapore-Tokyo price spread narrows
    Tokyo's bunker price premium over Singapore at just $12.50 pmt on Wednesday.
  • Eitzen Chemical reports a loss
    Higher freight rates failed to cover surge in bunker fuel and other voyage related costs.
  • Aegean sees profits climb
    President E. Nikolas Tavlarios says company expects to capitalize on 'positive industry fundamentals'.
  • Chevron to double bunker capacity at Panama facility
    Terminal provides bunker fuel, lubricants and other derivatives for ships using the Panama Canal.

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