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02 June 2020 The on-line newspaper devoted to the world of transports 10:45 GMT+2

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The Business Timesweb site
NOVEMBER 2, 2009
Shipping News
  • Baltic index up a 5th week with 3% gain
    The Baltic Dry Index, a measure of shipping costs for commodities, posted its fifth weekly gain and first monthly climb since June on demand for ships to haul iron ore to make steel.

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Sched Netweb site
NOVEMBER 2, 2009
  • MSC Golden Gate Service shifts to Suez from Cape route
  • NYK president reviews partnership with Dalian port chief
  • YICT launches Jiuzhou-Yantian west Pearl feeder barges
  • Hong Kong's OOCL names Erxin Yao as new US president
  • DP World sees tough fourth quarter, especially in UAE region
  • Kuehne + Nagel profit off 6.2pc in first 9 months
  • Damco named Outstanding Partner in Supply Chain Excellence
  • IATA blasts new British airline environmental tax
  • Thai Airways denies price-fixing, but opens contingency fund
  • Global air volume weak, no recovery in sight: IATA

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International Transport Journalweb site
OCTOBER 29, 2009
  • Emirates SkyCargo fast tracks F1 cars to Abu Dhabi
    Excitement in the Middle East is building in the lead-up to the UAE's first F1 Grand Prix ' to be held in Abu Dhabi on 1 November. However, the big day arrived earlier for Emirates...
  • Aramex breaks ground on new logistics centre in Dubai Logistics City
    The logistics service provider Aramex recently held a ground-breaking ceremony for its logistics centre in Dubai Logistics City (DLC). The AED 120 million facility, which...
  • New container capacities in Poti
    A new multi-purpose container terminal at the port of Poti (Georgia) was recently put into service by the port's owner RAK Investment Authority, based in the UAE. Extensive reconst...
  • Kenco Logistic Services selects Komatsu
    Kenco Logistic Services LLC, a third-party logistics provider, has been selected by Komatsu America Corp (KAC), a US subsidiary of Japan-based Komatsu Ltd, as the total solutions p...
  • JAL to consult with ETIC about restructuring
    Japan Airlines (JAL) Asia's largest carrier, will table a third restructuring plan in less than three months as it seeks government funds to avert collapse. The carrier has as...
  • Gefco Czechia receives ISO 9001:2000 certification
    The certification organisation Bureau Veritas recently awarded the ISO 9001:2000 certificate to Gefco Czechia for its entire logistics and transport activities (overland ...
  • Rail sector optimises high-speed rail brake system
    An important step been taken to increase performance and interoperability in the European high-speed rail system by concluding Modbrake, a four-year European project standardising ...
  • PD Ports: MGT power station another step closer
    The British port operator PD Ports has received consent from the Marine and Fisheries Agency (MFA) for its QEII berth redevelopment scheme at Teesport (UK). This consent, together ...
  • GPLN takes on a new commercial director
    The Global Project Logistics Network (GPLN) has appointed Luzius Haffter as the new commercial director of the GPLN team, with immediate effect. Haffter is a Swiss citize...
  • Lufthansa Group posts operating profit of EUR 226 million for first nine months of the year
    The German flag carrier Lufthansa has posted an operating profit of EUR 226 million for the first nine months of 2009. For the first time, this figure also includes the r...
  • Shifting more freight from the road to the railway
    The Bavarian state secretary for industry, Katja Hessel, obtained information about logistics solutions in eras of economic change during a visit to the Logistics Competence Centre...
  • Dusseldorf Airport expands to Indian market
    Given the large number of business opportunities in India's air cargo industry, Germany's third largest airport Dusseldorf will become a gold sponso...

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Maritime Global Netweb site
OCTOBER 30, 2009
  • China Cosco down heavily in Q3
  • Panama Canal sees times fall, usage fairly steady
  • UK P&I Club ups premiums 5%
  • CP Ships suit settled

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Marine Logweb site
OCTOBER 30, 2009
  • Disney Dream to feature water coaster

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World Wide Shipperweb site
OCTOBER 30, 2009
  • Port of Bellingham draft budget eyes gradual economic recovery
  • Trade between NAFTA partners slows during month of August
  • Crystal continues record string of best cruise ship line wins
  • AAPA taps Michael Leone as chairman of the board
  • Rail freight traffic count drops again during week

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Lloyd's Listweb site
OCTOBER 30, 2009
  • First Greek P&I Club opens for business
    CLUB to start trading for war risk business as of November 1.
  • Defence of beaching raises concern
    BANGLADESH official's attempt to defend use of beaching method raises concern.
  • Up to 2,000 ships set to be scrapped in 2010
    SINGLE-hull tankers to drive demolition as owners dispose them ahead of IMO phase-out deadline.
  • CP Ships lawsuit settled for $12m
    CLASS action brought by Canadian investors resolved but deal could add to Hapag-Lloyd's cash woes.
  • Essar buoyed by oilfield income
    CONTRIBUTION from offshore services helps offset slump in dry bulk income.

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Fairplayweb site
OCTOBER 30, 2009
  • Scrapping boom slashes prices
    THE GLOBAL scrapping boom has drastically cut the prices of condemned ships, according to a leading cash buyer
  • UK releases LNG ship
    THE LNG carrier Margaret Hill, which was detained in Southampton on suspicion of illegal scrapping, has been released by the UK Environment Agency
  • Sale bait? Not Delmas
    CMA CGM told Fairplay today it sees its Delmas subsidiary as a key asset, rather than sale bait
  • Estonia grants Tallinn credit
    TALLINN has reportedly been granted credit of up to €50M ($73.7M) over 15 years by Estonia's government

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The Journal of Commerceweb site
OCTOBER 30, 2009
  • YRC Worldwide Works to Reduce Customer Losses
  • Congress Gives SAFETEA-LU Six Weeks
  • YRC Regional Carriers Post $293,000 Profit
  • Zim Rescue Vote Due Sunday
  • Korean Air Adds Hanoi Freighter
  • Shippers Push to End Rail Antitrust Exemption
  • MSC Offers Direct U.S.-Jeddah Service
  • French Dock Workers to Strike Nov. 6
  • DGX Buys Ocean Forwarder
  • Deutsche Post DHL Signs Labor Pact
  • All Nippon Airways Lost $278 million
  • South Korea Warns Japan's Airlines on Anti-Trust
  • YRCW Cuts Loss, Claims 'Significant Improvement'
  • MSC to Raise Trans-Atlantic Rates
  • China Cosco Cuts 3Q Loss
  • Ports Group Names Chair

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Containerisation Internationalweb site
OCTOBER 30, 2009
  • Are we in the midst of a 'W' double-dip recession?
    Another week, and another batch of miserable third quarter results get posted by the transport industry majors. But don't worry, we are emerging from the recession, things will be better next year - won't they?
  • CMA CGM rumours continue
  • NOL 2009 losses hit half a billion
  • ELAA chief: conference demise contributed to rates freefall
  • US economy starts to grow
  • Asian shippers: decisive action needed on piracy

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TradeWindsweb site
OCTOBER 30, 2009
  • Expansion in mind
    A&B says it plans to expand its transportation offerings after reporting fall in Matson Navigation profits.
  • Seadrill rig burns
    Fire breaks out on jack-up drilling unit owned by John Fredriksen company off north west Australia.
  • Tropical falls
    Liner operator Tropical Shipping keeps suffering from falling volumes but cost cutting keeps it in the black.
  • Spill in San Fran
    Emirates Trading products tanker connected to 1.6-kilometre spill in San Francisco Bay.
  • More preferred
    Navios Maritime Holdings asks shareholders to quintuple authorised preferred share count.
  • Algeciras oily
    Fuel oil spill from containership MSC Shenzhen reaches Spanish beaches as city council plans to file charges.
  • Out for $300m
    General Maritime plans to issue $70m more than previously expected on bond market.
  • Rights exercised
    Micky Arison-led Carnival Corp repurchases debentures after holders of $409m in the debt securities exercise their rights.
  • PSV ordered
    Among a raft of vessel transactions, Dean Taylor-led Tidewater places order for a PSV at Quality Shipyards.
  • 'No ransom set'
    Greek owner of hijacked bulker reportedly due for imminent release denies an agreement has been reached.
  • Premium sliced
    Void between single skin VL conversion and scrap deals closing fast, consultant says.
  • Qinfa inks bulker
    CSSC Guangzhou to build half-price kamsarmax for compatriot China Qinfa Group.
  • Deeper red
    Lazard Capital widens its loss estimates for Teekay for both the third quarter and full year due to dire product tanker market.
  • Futures fray
    London court rules on how FFA deals should be 'washed out' following dry cargo market collapse.
  • CSDC scrapping
    Li Shaode-led owner books $2m profit following the disposal of a bulk carrier.
  • Change at Hellenic
    Fotini Karamanlis joined at top by Elpida Kyriakopoulou as CFO Dimitris Sfakianakis steps down.
  • Worst in 17 years
    Evangelos Marinakis' Capital Product Partners sees profit drop as tanker markets suffer.
  • It's quotes time
    DryShips is cancelling...eventually and Harry Vafias could get dragged into an FFA fight.
  • Less for Essar
    Indian owner Essar keeps its nose in the black during the second quarter but its profit is a long way short of last year.
  • More ships axed?
    Lloyd Fonds could be axing another eight newbuildings as it warns of large loss on 'exceptional effects'.
  • Selling again
    Clarkson research guru Martin Stopford pockets nearly $70,000 from the sale of shares in the shipbroker.
  • New5 in Numb3rs
    Greek investor Dionysis Slamaris runs out on FIG before any vessels have been bought, while Clarkson's has some good news for owners on the newbuilding front.
  • Profit in pipeline
    Japan's Mitsubishi Heavy pledges to post positive figures this year despite loss making first half.
  • Seadrill CFO quits
    Trond Brandsrud leaves John Fredriksen-controlled offshore player to clock on at Norwegian giant Aker.
  • Safe Bulkers fixes
    Polys Hajioannou-led bulk operation ties up recently delivered panamax for up to 14 months.
  • GE weaker
    Stronger offshore performance not enough to buoy India's Great Eastern which dives in second quarter.
  • EMS in reverse
    Oslo-listed shipmanager and supplier sees market value tumble following third quarter loss.
  • We can wait
    Khalid Hashim-led Precious Shipping says it is in no hurry to replace the 25 ships it is scrapping.
  • FOE profit down
    Norway's Fred Olsen Energy looking forward to firmer market but third quarter weak.
  • Azuma bites bullet
    Japanese bulker owner gives up on notions of annual profit after reporting first-half loss.
  • Mercator cut
    Analysts only see downside to India owner's stock after it reports sizeable decline in second quarter profits.

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American Shipperweb site
OCTOBER 30, 2009
  • Saadé denies he's being forced out of CMA CGM
  • COSCO sees steep revenue, volume drop
  • MSC announces export rate hikes
  • IATA: 2008 slump's start props September figures
  • Izzard moves to BA Cargo as financial controller
  • Clean air rules exempt Great Lakes vessels
  • U.S. cites trade progress with China
  • Senator questions DHS nominee's qualifications
  • Napolitano to meet WCO chief
  • Massport's Leone returns to AAPA helm
  • COSCO Pacific 3rd quarter profit drops 32%
  • India weighs one-terminal limit on private operators

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The Scandinavian Shipping Gazetteweb site
OCTOBER 30, 2009
  • Oasis on her way
    On Friday morning at 7.00 am the tugs Hurtig Triton and Ukko started to pull the 360 metres long Oasis of the Seas out from the outfitting pier at
  • Hapag-Lloyd cuts pay
    The crisis stricken liner company Hapag-Lloyd has announced pay cuts across the organisation ashore and at sea. Board members will see their remunerations cut by 20 per cent, managing
  • New Maersk Line direct service Poland'Far East
    Maersk Line will be the first international operator that includes a Baltic port in a direct service to the Far East. As from January 6, Gdansk will be the turnaround
  • Coaster owner and operator files for bankruptcy
    The Danish coaster owner and operator C J Helt & Co, Svendborg, has filed for bankruptcy and closed its business. The bankruptcy comes after serious problems in the present market for

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The Bunker Bulletinweb site
OCTOBER 30, 2009
  • Prices for bunkers ignore crude's big fall
    Little market activity sees bunker markets mostly softer, but only just.
  • Matson posts Q3 results
    Lower fuel costs help offset reductions in operating profits
  • Bunker markets firming in Europe
    NYMEX showing losses of more that $1 in early trading.
  • Bunker spill in San Francisco Bay
    Incident is believed to have occurred during fuel transfer operations.
  • Ship's pilot begins prison sentence
    The criminal threat to seafarers resulting from environmental regulations.
  • Prices end week on a high
    Good demand in Durban.
  • Chimbuso bunker sales up by 20% in Qingdao
    300,000 mt cargo of fuel oil to arrive in the port next month.
  • Reports of bunker spill in Algeciras
    250 cubic metres of fuel oil trapped in dry dock.
  • Fuel oil inventories slide
    But ARA product inventories still more than 50% up year-on-year.
  • EGCSA in move to build trust for 'scrubbers'
    Association Code of Conduct says members must not make unsubstantiated claims.
  • Lukoil deploys bunker barge in Baltic port
    599 mt capacity vessel will serve Kaliningrad market.
  • Bullish end to the week
    Players report weak demand.
  • WFS tipped for 'positive outlook'
    'Balance sheet has $366 million of cash and only $20 million of debt'.
  • Malaysia detains two Singapore vessels
    Investigation into unauthorised transfer of marine fuel.
  • NOL's losses deepen
    Anticipates 'significant losses' in Q4 and first half of 2010.

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