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01 September 2014 The on-line newspaper devoted to the world of transports 20:45 GMT+2




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The Business Timesweb site
DECEMBER 24, 2008
Shipping News
  • Focus shifts away from newbuilds
    THE focus of the offshore and marine industry seems to be turning towards the service and support side of the business now that the credit crunch's effect on newbuildings is finally taking its toll.
  • Where is Asia's ship finance market heading?
    REACHING year end, one is tempted to look back as well as forward. The global financial crisis is taking its toll on the world economy, impacting heavily on shipping. How will financing patterns in shipping change in response to the crisis?
  • Order restored in Baltic indices' values, sectors
    An important point in the Baltic indices was reached on Monday as order was restored in the comparative values of the different sectors. For the first time since Sept 26, the capesize TC average was the most valued followed by consecutively decreasing rates for each vessel size in the correct order. This was mainly due to a fall in supramax rates and an increase in the panamax TC average. Though panamax and supramax are still only separated by a mere US$48, the fact that the sizes are all in value and size order, does offer some relief that the fundamentals of the dry bulk sector are recovering.
  • China may build aircraft carrier to protect territory
  • DryShips may cancel pact to buy nine ships: Lloyd's List
  • Crisis-hit US states halt road projects
  • Toyota vows to stay in F1 but will cut costs
  • Non-US carmakers also downshifting
Strait Talk
  • The untapped economic potential of Africa
    SEEING pictures of the Chinese crew of the cargo Zhenhua 4 successfully fighting off pirates, who were armed with automatic weapons and RPGs, with empty beer bottle aroused mixed emotions for me.

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Sched Netweb site
DECEMBER 24, 2008
  • MSC's and CMA CGM's mega ships to call at Busan
  • Maersk quits Charleston after ILA refusal to give up jurisdiction
  • Moody's cuts CMA CGM debt rating in face of heavy commitments
  • Ahlers appointed as agent for Nirint Shipping
  • Panama Canal awards third of four dry excavation contracts
  • Proposed Charleston intermodal transfer yard sparks row
  • Australian competition bureau sues SIA Cargo for price fixing
  • Registrations 60pc up for aviation expo despite slump: organisers
  • Qantas cuts fuel surcharges on foreign, domestic flights

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Exim Indiaweb site
DECEMBER 24, 2008
  • GE Shipping delivers Jag Rishi to buyers
  • US Exim Bank keen on financing core projects in India
  • CoPT team wins Major Ports badminton championship
  • Stakeholders pledge all-out efforts to increase traffic at Mulund-West CFS
  • Several global cos submit RFPs for developing new cargo facility at Delhi airport
  • Gateway Rail opens Punjab's first private rail-linked logistics park
  • CMIE projects GDP growth in 2008-09 at a respectable 7.5 pc
  • ...while mid-term review puts it at 7 pc
  • Rs 2,600-cr. package sought for handloom cooperatives
  • Indian economy will recover faster from slump-Deloitte
  • Cement export ban goes

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Maritime Global Netweb site
DECEMBER 23, 2008
  • Chinese warships get ready for Gulf of Aden
  • "Riga bunker samples off-spec": Lintec
  • HPH takes control of Amsterdam's Ceres Terminals
  • Hamburg Süd, Aliança change Americas service

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Marine Logweb site
DECEMBER 23, 2008
  • Vale makes payment on giant shipbuilding order
  • USCG awards AIS data exchange contract

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Lloyd's Listweb site
DECEMBER 23, 2008
  • Brussels 'postpones' start of 24-hour container regulations
    PLAN to launch US-style rules delayed to ensure uniformity across European Union member states.
  • EU cargo security rules may miss 2009 deadline
  • Skuld latest marine mutual victim of credit crisis
    OSLO club reveals a $90m investment loss over the first nine months.
  • SHI seeks to cap Hebei spill liability
    SAMSUNG Heavy Industries applies to court to limit its liability for oil spill at $38m.

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Fairplayweb site
DECEMBER 23, 2008
  • Thailand exports contract 18.6%
    THAILAND'S port sector is contracting, in line with shipping declines across Asia, a senior aide at the Thai Shipowners' Association confirmed today to Fairplay
  • Cyclone Billy blows back
    OFFSHORE rigs were evacuated and oilfields shut as Cyclone Billy again raged today along the Western Australian coast
  • Faina kin attack US group
    FAMILIES of the ro-ro Faina's crew have urged the US government to prevent Michele Lynn Ballarin, who runs the Virginia company Select Armor, from talking with pirates holding the seafarers
  • Star triggers 'termination' clause
    STAR CRUISES has enacted the 'NCL America wind-up' clause of its 2007 deal to split Norwegian Cruise Line with private equity firm Apollo
  • Russia, Serbia close pipeline deal
    BELGRADE has pushed Russian oil and gas giant Gazprom into improving its terms for taking over of Serbian government-run oil concern NIS, with a contract due to be signed by the presidents of both countries in Moscow on Wednesday
  • Vale's $1.6Bn deal is $80M real
    BRAZILIAN mining and transport giant Vale is sending its first instalment of $80M to the Chinese yard Jiangu Rongsheng HI for a dozen bulk carriers, two JR executives told Bloomberg today
  • It's a 'no' for Port Alma
    QUEENSLAND'S Port Alma was deemed unsuitable today as an LNG site

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The Journal of Commerceweb site
DECEMBER 23, 2008
  • Charleston seeks to keep Maersk Line
    State officials, Maersk, ILWU meet to work out a way to keep biggest box customer from leaving Port of Charleston.
  • China sending warships to fight Somali pirates
  • Mexico to cut tariffs on industrial products
  • U.S. rail freight down
  • NAM forms Customs and Border Coalition
  • CSX expands Fla. intermodal
  • MOL opens India office
  • Fog halts Houston ships
  • Bird caused Kalitta crash
  • ProLogis in China sale
  • Japan exports plunge

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Containerisation Internationalweb site
DECEMBER 23, 2008
  • 'Tuan Tuan' and 'Yuan Yuan': a Christmas gift from China to Taiwan
  • Maersk to offer Florida/Far East citrus link
  • Oil sinks below USD40, despite output cuts
  • Felixstowe piles ahead

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TradeWindsweb site
DECEMBER 23, 2008
  • Tioman spree
    Four vessels attacked near Malaysian island, with a tug and barge hijacked.
  • FreeSeas CFO out
    Dimitris Papadopoulos leaves FreeSeas' top financial job as his No 2 takes over for now.
  • Nations respond
    Three countries now are sending their warships to the Gulf of Aden to face pirates.
  • Skuld survives
    Cash call ruled out as Norwegian P&I club takes a $1m a day investment loss.
  • Exxon charged
    US federal prosecutors file criminal charges against ExxonMobil for Boston Harbour diesel spill.
  • Heavyweight deal
    Arne Blystad linked companies consolidate to form Offshore Heavy Transport.
  • SeaBird scores
    SeaBird Exploration picks up contracts in South America, the Middle East and the Far East for two seismic.
  • Vale commits
    Brazilian mining giant secures immediate future of dozen VLOC newbuildings with $240m payment.
  • MSC mystery
    Brazilian police are investigating the death of a passenger aboard an MSC Cruises vessel.
  • Defying gravity
    Norwegian owner Gulfmark Rederi sells PSV at double its market value as offshore ship prices show no signs of slippage.
  • Going Forth
    UK port group on track to meet market forecast this year, but will scale back spending due to challenging conditions in 2009.
  • CSCL moves in
    China Shipping unit swoops to take majority stake in Korean liner and ferry firm Shanghai Inchon.
  • Free transfer
    D'Amico and Glencore sell newbuildings to JV company for the same sum they paid for the vessels this summer.
  • Marathon runs on
    Energy group keeps Havila Fortress for another year at unchanged rate.
  • Korean bailout
    Forced restructuring in prospect as Seoul task force reviews future of 26 shipbuilders.
  • Aden surcharge
    France's CMA CGM to start charging extra for containers passing through piracy trouble spot.
  • STX bags brace
    European owner books two chemical tankers in $102.89m deal at South Korean shipyard.
  • Deep port facility
    Indian engineering firm Navayuga Engineering set to build port on India's expanding east coast.

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American Shipperweb site
DECEMBER 23, 2008
  • Kaupthing: Early 2009 to be "disastrous" for Maersk
  • Hamburg Süd will serve La Guarira, Venezuela with feeder
  • Maybe they should call it the Piracy Adjustment Factor?
  • TSA air cargo screening program lifts off
  • Lufthansa switches capacity in January
  • CSX Intermodal expanding services in Florida
  • Dallas-Fort Worth warehouse market hits rocky road
  • GENCO secures warehouse management contracts with U.S. military
  • Old Dominion cuts earnings projections
  • U.S. files WTO case over China brands
  • ITC: Chinese steel line pipe imports hurt U.S. makers
  • Canadian commodity prices continue 'boom to bust' shift in Nov.
  • ATA appeals case against SoCal truck program in hands of judges
  • Talks in Canadian West Coast ports labor dispute move slowly
  • He named Cosco Pacific executive
  • British Columbia port names new top exec

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The Bunker Bulletinweb site
DECEMBER 23, 2008
  • Bunker prices remain volatile
    European markets expect little activity in days ahead.
  • Drive to become regional oil hub continues
    South Korea completes world's biggest oil storage facility.
  • Bunkers fall as crude softens
    Product avails remain tight at most ports.
  • Singapore residual fuel at 12-week low
    But stocks of middle distillates increase.
  • Subic Bay approves bunkering investment
    Bunkering investment among 34 new projects to develop Subic Bay Free Port.
  • Supplier makes first delivery to South Island
    The Australia-owned company is the only independent supplier in New Zealand.
  • S Korea grapples with tight supplies
    Marine fuel product shortages could extend into first quarter of 2009.
  • IOC sells January parcels
    Middle East firm buys the two parcels for loading at Chennai port




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