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03 April 2020 The on-line newspaper devoted to the world of transports 00:06 GMT+2

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The Business Timesweb site
MARCH 2, 2009
Shipping News
  • Baltic Dry Index has 1st drop in 2 months
    The Baltic Dry Index, a measure of shipping costs for commodities, had its first weekly drop in almost two months on reduced demand for so-called capesize vessels to haul iron ore for making steel.

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Sched Netweb site
MARCH 2, 2009
  • US trade lobby: White House can stimulate trade by easing up
  • Port of Qingdao volume up 2pc in January, sets new high
  • India's annual US$200b export target to fall short at $175b
  • IMO holds meetings to combat Somalia piracy
  • Fangcheng port's 2008 throughput hit 100,000 TEU
  • Vietnam must spend on infrastructure to boost growth
  • NYK diversifies, takes stake in Brazilian forest product firm
  • Uganda Revenue Authority gives inland port go-ahead
  • Amerijet International signs up five Boeing 767-200 freighters
  • Aeroflot increase in January, takes delivery of 27th A320
  • Lufthansa to study feasibility of new Canadian perishable hub

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Exim Indiaweb site
MARCH 2, 2009
  • KMA Shipping appoints Total Transport Systems as agent in India
  • Consultant sceptical of lasting dry bulk rebound
  • Park your ships here!
  • UK property tax bill may sink stevedores
  • ONGC gives old & trusted OSV charters reason to cheer
  • GE Shipping trying to cancel some newbuilding orders
  • Recession may sink one-third of shipping lines
  • Hectic shipbreaking & steel scrap output at Alang may pull down prices
  • Maersk Line starts direct weekly service between Nhava Sheva & Jebel Ali
  • DGS favours initiatives to make coastal shipping viable & successful
  • Exim Bank aid for Laos PDR
  • FAO sees India lifting rice export curbs by May
  • Kiwis to slap $ 50 per hour 'dirty' box tax
  • LA ports switch to clean, electric trucks
  • DP World reverting to 2008 tariffs at Jebel Ali to benefit port users
  • Port Pipavav sets new productivity parameters
  • W. Rly sights fiscal freight target
  • Finally, poll-eve relief for export sectors
  • Interim FTP draws limited glow from jewellery sector
  • Mega food park to come up in Satara dist
  • IMF downscales GDP projections
  • Fieo's Gujarat chapter faults export sector package

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International Transport Journalweb site
FEBRUARY 26, 2009
  • Air France-KLM to acquire CSA stake?
    The Franco-Dutch airline Air France-KLM wants to take a stake in the soon-to-be-privatised carrier Czech Airlines (CSA), according to a report published by the Czech news agency CT...
  • DPWN reports net loss
    2008 did not go as well for Deutsche Post World Net (DPWN) as it expected. The group reported a net loss after minorities of EUR 1.69 billion in 2008. DPWN said that the costs of r...
  • Clipper Logistics expanding in the UK
    Clipper Logistics has expanded its portfolio to include the rail-connected distribution centre in the Potter Group site at Selby (North Yorkshire, England). Clipper will take over ...
  • Martinair adding Sao Paulo to network
    All-cargo carrier Martinair Cargo is adding a twice-weekly service (Mondays and Thursdays) from Amsterdam to Sao Paulo to its schedule on 2 March. An MD-11F with an 80 t payload wi...
  • Ethiopian receives first MD-11F
    Ethiopian Airlines has taken delivery of its first MD-11BCF (90 t payload). The new freighter will be deployed between Addis Ababa and Liege (Belgium), as well as to destinations i...
  • Norfolkline implementing new schedule early
    Norfolkline is bringing network changes forward by two months in view of the economic climate. The service between Vlaardingen and Felixstowe will be reduced from four to three ves...
  • Hapag-Lloyd re-launches website
    Hapag-Lloyd has completely revamped its website, giving it a new layout and more user-friendly and improved additional functions. One new tool is particularly useful. It displays H...

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Maritime Global Netweb site
FEBRUARY 27, 2009
  • Cremers: "Make officers' salaries and maintenance less-market dependent!"
  • LNG market "changing"
  • Downturn hits Camillo Eitzen ship values
  • AXA's marine business grows
  • Felixstowe and Teesport feeder service

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Marine Logweb site
FEBRUARY 27, 2009
  • Marad sets deadline for shipyard grant applications
  • Chinese warship thwarts pirate attack
  • Jordan to build patrol craft?

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World Wide Shipperweb site
FEBRUARY 27, 2009
  • Boeing employees among dead from plane crash in Amsterdam
  • New NOAA study looks at pollution from commercial ships
  • Maritime academy vessel honored for rescue mission
  • Steel imports into US up during month of January
  • US rail freight traffic down again during week

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Lloyd's Listweb site
FEBRUARY 27, 2009
  • Containership lay-ups set to triple in 2010
    CLAUS-Peter Offen expects massive lay-ups of boxships in the next three years.
  • Idle boxship capacity at all-time high and rising
  • Banks blasted on credit policies
    LLOYD'S List poll shows banks could do more to assist shipping companies in the credit crisis.
  • KG offshoot woos Hong Kong and China
    HONG Kong and China-based shipowners are being targeted by German Ocean Invest.

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Fairplayweb site
FEBRUARY 27, 2009
  • Box sector hopes seen fading
    CONTAINER shipowners and investors might have to wait until 2012 for charter rates and ship values to revive, according to Hamburg shipowner Claus-Peter Offen
  • FFA clearing trend accelerates
    FORWARD Freight Agreement activity is down and will continue to shift towards cleared trades, according to a panel at yesterday's Connecticut Maritime Association luncheon
  • Red cards aplenty in port bust
    SPANISH national police said today officers have arrested 11 men ' including three football players and two former FIFA officials ' in the smuggling of 600 kilos of cocaine through the southern port of Algeciras
  • TUI sweetens Hapag deal
    GERMANY'S TUI will increase its holding in the consortium that has agreed to buy its Hapag-Lloyd box group to 43%, from the originally proposed 33.3%
  • Napolitano doubts 100% box scanning
    HOMELAND Security Secretary Janet Napolitano has admitted to Congress that the 2012 deadline for all US-bound boxes to be scanned probably cannot be met
  • Ulstein posts decade's top profits
    NORWAY'S Ulstein posted its best profits for a decade, far exceeding expectations despite the economic times, the company said today
  • RBS sees tight shipping loan future
    ROYAL Bank of Scotland's chief of maritime lending predicted today that RBS will hardly be the only struggling bank to throw many shipping loans over the side

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The Journal of Commerceweb site
FEBRUARY 27, 2009
  • More container ships to be laid-up as charter rates reach new lows
    Charter owners preparing to lay up scores of vessels for extended periods; total of 1.1M TEUs, 392 ships out of work
  • Keller named executive VP of NYK Group Americas
  • DOT ups budget by $2B
  • US rail volume plunges
  • Airfreight slide deepens
  • US completes port security program in Japan
  • China to upgrade logistics
  • Nehru inland fee approved
  • UPS: Trade a key solution
  • Hapag-Lloyd sale salvaged
  • Scan-all unlikely by 2012

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Containerisation Internationalweb site
FEBRUARY 27, 2009
  • Yes; it really is good time to be in liner sales
    Sales and marketing teams at ocean carrier's offices around the world have no doubt been frustrated by the, short-notice, radical rationalisation and capacity cuts implemented in the past few months by their management. After all, it is not the most pleasant of duties to explain to your key-account loyal customer that the shipping line you have sung the praises of for many years, has decided to withdraw a service; and from next week!
  • PD Ports feeds the north
  • US GDP revised to a 6.2% drop in Q4 08
  • Boxship rates still in decline
  • Business good but sell-offs take their Toll
  • Tropical Shipping hit by costs

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TradeWindsweb site
FEBRUARY 27, 2009
  • Vale grabs capes
    Roger Agnelli-led miner Vale said to have snapped up three capesize bulkers, including a VLOC, in deals worth $55m.
  • Venture sold
    Thoresen Thai offloads second elderly bulker in as many weeks, with ship sold to joint venture.
  • Supras set back
    Asian owner delays 57,000-dwt trio at Cosco Zhoushan in latest blow to its orderbook.
  • Order to change?
    Camillo Eitzen is in negotiations to modify order for six units after demand plummets for semi-refrigerated LPG carriers.
  • New boss at L&S
    Lorentzen and Stemoco hires former Frontline director Jon Chr Syvertsen to replace managing director Finn Engelsen
  • Bergen optimistic
    Bergen Group says it has a promising outlook for 2009 despite fall in profits in the fourth quarter.
  • Seacor stacks
    US owner Seacor Holdings responds to reduction in Gulf of Mexico offshore activity by cold-stacking 15 vessels.
  • Tanker trio collide
    Teekay, BW Shipping and Montanari tankers involved in three-way smash in Southampton.
  • Ro-ro woe ahead
    Norway's Eidsiva says ro-ro outlook "not encouraging" but delivers strong profit and promise of more.
  • LNG loss widens
    Houston terminal developer Cheniere Energy reports larger-than-expected losses but says it has liquidity for the next several years.
  • Ulstein shines
    Norwegian shipbuilder and designer posts best annual figures in nearly a decade.
  • Costly for Jutha
    Thai general cargoship owner sees annual earnings dip as costs rise.
  • Out of the red
    Heavy lift owner Dockwise has completed a big profit turnaround in 2008, erasing the previous year's $76m deficit.
  • Not helpful
    Natural recovery of the dry-cargo market to be delayed by state recovery packages, Camillo Eitzen says.
  • Tax relief
    Environmental payback lifts Solstad out of the red for the fourth quarter after dollar damaged pre-tax figures.
  • Owner needed
    Latvia wants to relaunch ferry run to Estonia's Saaremaa island, but has not named an operator.
  • It's quotes time
    The heat is on at Golden Ocean which is in the soup and Adam Polemis is given a dressing-down in court.
  • Swap flop
    John Fredriksen's Golar LNG pushed to annual loss by interest rate swap losses, but operating profit holding up.
  • Axel not satisfied
    CECO slumps to heavy fourth quarter loss following $241.4m provision for falling fleet value.
  • Filipino fund
    Philippines government to provide emergency cash payments to crew facing wage delays in downturn.
  • ITC up
    Frontline-owned VLCC and suezmax company increases annual profit as loan payments fall.
  • Dollar bites Dof
    Heavy unrealised currency losses keep Mons Aase-led shipowner in the red for the fourth quarter.
  • Decline Dekk'd
    Cancelled newbuildings and a predicted spike in E&P spending will prevent decline in the offshore market, says ER Offshore boss.
  • Naming the day
    Szczecin and Gdansk shipyards to be auctioned off on 9 and 16 March as Polish government seeks to pay back illegal aid.
  • Wait over
    Maltese crewman declared dead ' 32 years after ferry sank in Mediterranean.
  • Eidesvik in red
    Jan Fredrik Meling-led offshore owner posts larger fourth-quarter loss on financial instruments.
  • Vessel holed
    Oil spill reported in Japan after two cargoships clash off Sakaide.
  • Done deal
    TUI finally ties up Hapag-Lloyd sale as it agrees to keep bigger stake in container line, provide credit worth up to EUR 1bn.
  • Roll-on, roll-over
    Fredericia Shipping's ro-ro service between Denmark and Norway scrapped after six sailings.
  • Chemoil slides
    Singapore-based bunker supplier sees lower sales volumes and higher costs in fourth quarter.
  • Courage curtailed
    Singapore-listed operator of elderly bulkers succumbs to low rates and poor utilisation in fourth quarter.
  • POT profits up
    Tauranga, New Zealand's largest port, reports interim profits up 10% helped by increased cargo volumes.

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American Shipperweb site
FEBRUARY 27, 2009
  • Africa's largest carrier expecting tough year
  • UPS chief rallies support for global trade
  • Fuel tax fix floated to fund infrastructure
  • Schneider 2008 revenue up and no losses
  • House proposes road funds for S.C. logistics hub
  • U.S. 4th quarter GDP tumbles 6.2%
  • U.S. lamb exports set record in 2008
  • Food aid groups praise Obama's pledge
  • FMC seeks comments on "split deliveries"
  • Longview buoyed by wind energy exports
  • Hyundai receives two giant cranes in Tacoma
  • Boston gets grant to "cold iron" fishing boats

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 27, 2009
  • Bourbon needs thousand of seafarers
    Bourbon Offshore is growing rapidly and is determined to keep on growing. The company has a EUR 1.7 billion newbuilding program comprising of 150 vessels and boats. Deputy CEO
  • Europeans and Chinese assists each other in piracy waters
    The Italian-owned 72,700-DWT product tanker Lia, built 2008, was attacked by pirates in the Gulf of Aden on Tuesday this week. The vessel sent a distress signal and
  • Vesborg to sail on Spodsbjerg-Taars
    Nordic Ferry Services A/S will re-introduce the ferry Vesborg on the Spodsbjerg-Taars service from the beginning of the summer season. Presently Vesborg is sailing on the Sams'
  • Best result ever at Fredericia Skibsværft
    Fredericia Skibsværft A/S reports an all-time-high profit of DKK 61.5 million for the fiscal year 2007/08. The turnover increased from the previous year by some
  • Tough times for Fredriksen companies
    Almost every other day, a new sombre report from a John Fredriksen-controlled company is released. Seadrill reports a USD 739 million loss for Q4 2008, against a USD 223
  • Collapse in the container market
    UK's Drewry warns that container lines may face a USD 68 billion cut in their global revenues this year. According to Lloyd's List, this represents almost a third of the
  • Wilson vessels to the lay-up sites
    The Norwegian giant in the small bulker segments, Bergen-based Wilson Group, will reduce its capacity. In its 2008 annual report, the company says it expects that a lower contract

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The Bunker Bulletinweb site
FEBRUARY 27, 2009
  • Americas: Bunker prices still firming to end week
    Markets still adjusted to sharp gains for crude oil during the week.
  • Europe: Bunker prices end the week strong
    Piraeus prices for 380 cst material climb by more than $22.
  • Maersk Line reports 'clean fuel' milestone
    Shipping line says cleaner fuels have been used in 1,000 vessel calls on North America's West Coast.
  • Wilhelmsen takes full ownership of bunkering arm
    Acquires remaining 40% stake in Wilhelmsen Premier Marine Fuels.
  • Cruise line causing losses for shareholder
    Company 'expected to face a challenging environment, despite lower bunker fuel' going forward.
  • Bunker fuel spilled during loading
    200 cubic metres of product was leaked during Novorossiysk operation.
  • Bunker line at Darwin to close for a day
  • Asia: Mixed end to week for bunker prices
    Singapore prices slipping despite gains for fuel oil cargoes.
  • 'Loading hoses' damaged in UK collision
    Terminal's spill response vessels 'quickly deployed' after aviation fuel leak.
  • Arrested ships to be released after paying $140 fine
    Malaysian authorities clamp down on ships breaking bunkering regulations.
  • Environmental concerns make shipping a 'big risk', BP says
    Oil major is 'constantly' trying to find strategies for environmental shipping.
  • WFS sees record operating profit in marine segment
    Posts strong profit increase for Q4 and full year of 2008.
  • BW and Teekay tankers in collision
    Oil spilled at UK port of Southampton, investigations underway.
  • Fujairah bunker sales show sharp increase
    2008 bunker volumes in UAE hub comfortably outstrip Rotterdam.

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