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14 December 2019 The on-line newspaper devoted to the world of transports 21:32 GMT+1

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The Business Timesweb site
JULY 3, 2009
Shipping News
  • Baltic Exchange moves to boost derivatives trading
    The Baltic Exchange said on Wednesday it had changed the way its chief sea freight index was calculated in a move aimed at boosting freight derivatives trading.
  • AP Moller-Maersk sees stagnation in 2010
    AP Moller-Maersk's liner shipping business expects stagnation at best in the industry next year but will not cut freight rates to win more market share, the head of the division told a German newspaper.

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Sched Netweb site
JULY 3, 2009
  • Coscon, combines with Evergreen, hikes charges throughout global network
  • CMA CGM, CSAV and CSCL combine services in Asia to Mexico-Caribbean loop
  • Fujian to offer preferential policies to win Taiwan trade
  • Shandong provincial port volume up 6pc in first five months
  • Port of Dandong throughput increases by 23.7pc
  • US truck volume increased 3.2pc in May over April
  • Despite US and EU criticism, ESC rejects Rotterdam Rules
  • Toll to manage Gorgon's Barrow Island hub
  • Container housing viewed as unsightly by town planners
  • Impatex unveils ICE product for European exports
  • UPS to set up Dubai JV to service Mideast, Central Asia
  • Asian air freight airlines see 2.5pc growth in May from April
  • SIA Cargo loses US$169 million, depresses group profit 57pc
  • DHL-Lufthansa's AeroLogic takes flight despite darkening skies
  • South Africa now fully enforces air cargo security rules

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Exim Indiaweb site
JULY 3, 2009
  • Plan to sell 15 pc SCI stake may be revived
  • Balmer Lawrie & Co. successfully executes mega project cargo
  • Bhutan opens door wider for Indian investments
  • Private trade may export 13 lakh tonnes of wheat products
  • 'Chronic congestion' at JNP not true-Hussain
  • Vasan visits Tuticorin Port, spells out NMDP programmes
  • ...releases IMU's CET merit list for academic year 2009
  • Gammon-led consortium to build ore berth at Paradip Port
  • Subhash Kumar assumes charge as acting Chairman of ChPT
  • Exports dip for 8th month in a row
  • Govt pins 7 pc growth hopes on H2
  • Economic Survey calls for sweeping reforms
  • RBI allows exporters repatriation of proceeds for another year
  • Textile Ministry seeks Rs 3,500 cr. TUFS allocation
  • India not to accept emission cut targets
  • L. Murugappan assumes charge as IFFCO Kandla head

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Marine Logweb site
JULY 2, 2009
  • Oceanic cleared to depart New York
  • Passengers injured in Staten Island ferry incident
  • Bender Shipbuilding now in Chapter 11 bankruptcy

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Lloyd's Listweb site
JULY 2, 2009
  • VLGC owners issue rate warning
    BW Gas and Maersk Tankers refuse to charter out ships until rates match up to operating costs.
  • VLGC rates hit loss-making levels as spot fixtures tail off
  • Queen Mary 2 defendants get suspended sentences
    FRENCH appeal court has imposed suspended prison sentences on the four individuals.
  • Pacific freight rates hit new lows
    TRANSPACIFIC freight rates continue to weaken, with the spot market hitting new lows.

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Fairplayweb site
JULY 2, 2009
  • Danaos nets covenant waivers
    DANAOS has obtained waivers through 31 January 2010 for more than $900M in debt obligations
  • Three's a partnership in boxes
    FRANCE'S box giant CMA CGM told Fairplay today it is teaming up with Chile's CSAV and China's CSCL on some direct shipping routes
  • Chinese yards squeezed
    CHINESE shipbuilding is reeling, with pressure coming from three directions
  • Bender gains bankruptcy shield
    ALABAMA'S Bender Shipbuilding & Repair has been granted Chapter 11 bankruptcy protection
  • Greenest of newbuildings
    GREENPEACE signed a €23M ($32.2M) contract today for a new flagship protest vessel with the German yard Fassmer
  • Liberia law adds eligibility
    UNDER Liberia's new Insolvency of Foreign Mortgagee Act, Liberia-registered ship mortgages are now eligible as underlying security for German Schiffspfandbrief bond certificates
  • Counting costs of US air proposal
    US REGULATORS are considering tougher air rules that could jack up operating costs for US-flagged ships

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The Journal of Commerceweb site
JULY 2, 2009
  • CMA CGM Sets Joint Loop with CSAV, CSCL
  • Landstar Buys Supply Chain Software Companies
  • Northwest Ports Work Together to Clear the Air
  • Hours Rule Change Pits Railroads Against Unions
  • Teamster, YRC Talks to Resume
  • Brazil, China Increase Trade
  • Shipments Index Grows for Second Straight Month
  • EPA Proposes Vessel Emission Standards
  • Geodis to Acquire Cool Jet
  • WTO Report Urges Action on Trade Financing
  • Pacer Negotiates Credit Waiver
  • Minnesota Trucker Shuts Down
  • Factory Shipments, Inventories Fell in May
  • Source Logistics Secures Expansion Capital
  • UK Scraps Royal Mail Privatization
  • Danaos Gets Waivers on $908M in Loans
  • Court Clears California Rule on Ocean Vessel Fuel
  • Solar-Pushed NYK Ship Arrives at Long Beach

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Containerisation Internationalweb site
JULY 2, 2009
  • Seatrade adds MAGNUM units
  • New Eimskip emerges from the ashes
  • Panama Canal readies for new bids process

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TradeWindsweb site
JULY 2, 2009
  • Top to seek cash
    US-listed tanker and bulker owner forges deal to potentially sell $200m in new shares to Yorkville Advisors.
  • Casualty file
    Two ships freed by pirates and two collide off Turkey in this week's WebTV smash-up roundup.
  • Ship sales slip
    After hitting an eight-month high in May, a drop in tanker sales push second-hand ship deals to fall in June.
  • One lost in fire
    Crewman missing after Italian-controlled chemical tanker suffers explosion off the Netherlands.
  • Metrostar sells
    Greek owner offloads tanker brace on order at Hyundai Heavy Industries.
  • Selling to buy
    Arison-led Carnival issues $660m worth of its London shares to buy up its New York-listed shares.
  • STX's Brazil hope
    STX Corp's Kang Duk-soo expects the company's shipyards to win some of Petrobras' offshore orders.
  • Hybrid warrior
    Greenpeace pens its first newbuilding, which will have both sails and diesel-electric engines.
  • Exodus continues
    Danish owner J Lauritzen continues handysize selling spree with exit of the Sendai Bulker.
  • Raining rupees
    India to pump INR 33.2bn into six new port projects for bulkers and boxships.
  • B+H in default
    US shipowner expecting a "going concern" statement and is negotiating with banks after declining ship value lead to loan defaults.
  • Nissen offloads
    Japanese owner pockets reported $26.5m for 2002-built supramax.
  • Full story?
    Qatar's Qinvest says it's only an adviser for unnamed clients buying Poland's Gdynia and Szczecin yards.
  • Stolt stronger
    Improved showing from all of its units lifts second quarter profit by 92% at Oslo-listed Stolt-Nielsen.
  • CECO safer
    Axel Eitzen-led owner wins covenant waiver from lenders until 1 October to prepare long-term financial plan.
  • No pushing
    UK ports operator ABP bars tugs from pushing up on sterns of ro-ros following accident at Hull.
  • Lucky escape
    Crew sleeping on dredger were "extremely fortunate" it rolled to port after developing leak at UK berth, report says.
  • Late arrival
    Deep Cygnus is finally free to join Volstad, two months after Trico abandoned the newbuilding.
  • Bender files
    US shipyard files for Chapter 11 bankruptcy amid $45m dispute with GulfMark, with 100 staff to be cut in switch to shiprepair.
  • Bond booster
    Dof Subsea completes $78m bond issue aimed at shoring up its balance sheet.
  • Kang confident
    STX Pan Ocean can remain in black this year despite exposure to troubled sectors, parent's chairman says.
  • Sberbank buys
    Russian lender takes 59% stake in Amur Shipbuilding ahead of transfer to state control.
  • More for Maersk
    Eivind Kolding says Danish line may be able to push container rates up in third quarter, but outlook bleak through 2010.
  • Astoria moving
    A cruise ship seized in Barcelona is on the move.
  • PCTC woes
    Exports of new and used cars out of Japan continue to remain weak according to latest industry figures.
  • Staten smash
    "Hard docking" injures 15 passengers on New York ferry Sen. John J. Marchi.
  • Paragon fixes two
    Michael Bodouroglou-led Paragon Shipping agrees charters on another two of its bulker fleet.
  • Dalrymple done
    Project to expand Aussie coal terminal completed: but eye already on further expansion plans.
  • SeaDragon back
    Rig owner exercises option to have second semi-submersible rig outfitted at SembCorp Marine.

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American Shipperweb site
JULY 2, 2009
  • DHS ready to pre-clear flights from Ireland
  • Amerijet invests in U.S. trucking firm
  • AirBridgeCargo adds Milan/Moscow freighter
  • NAFTA surface trade drops 33% in April
  • Purolator USA opens New York facility
  • GE hires Fuchs as trade attorney
  • Binkhorst joins GIL advisory board
  • Northwest ports release clean air plan
  • S&P downgrades DP World, JAFZA ratings
  • Ceres, Ports America compete for Seagirt

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The Scandinavian Shipping Gazetteweb site
JULY 2, 2009
  • Pilot project in the Baltic Sea
    In 2009, the EU Commission plans to establish a project with a value of EUR 2 million in order to "Cut sulphur emissions and nitrogen oxides in the Baltic Sea Read more
  • GC Rieber cancels newbuilding
    Norwegian GC Rieber Shipping has cancelled an offshore vessel, newbuilding no. 7037, due to delays. The vessel was ordered in May 2008 by Polar Marine I Pte Ltd, a 51 Read more
  • Eimskip taken over by creditors
    The struggling Icelandic shipping company Eimskip has launched a financial re-organisation plan. The plan proposes to create a new and strong shipping and logistics business and to leave the Read more
  • Eitzen gets loan respite
    The Norwegian shipping company Camillo Eitzen & Co has been granted a respite for its loans with several banks. The banks will, among other things, alleviate the loan conditions until October

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The Bunker Bulletinweb site
JULY 2, 2009
  • PMSA concerned over patchwork regulations
    Calls for international standards to bring 'meaningful emission reductions'.
  • North European bunker prices continue to fall
    Meanwhile, bunker prices firm in South Europe.
  • Schwarzenegger applauds low-sulphur regulations
    California governor says air quality will improve.
  • Hedging losses mount for tanker operator
    Stolt-Nielsen reports seven percent fall in bunker consumption.
  • Bunkers slide on lower oil prices
    Demand above average in Hong Kong and Busan.
  • DFDS vessel about to start scrubber sea trial
    Company hopes technology will help it stay competitive when ECA sulphur limit falls to 0.10%.
  • US sulphur regulations target suppliers and producers
    EPA proposing to 'forbid the production and sale' of high sulphur bunker fuel for use in ECAs.
  • Singapore residual fuel stocks dip
    Middle distillate stocks near nine-month high.
  • UBT promotes bunker traders in Singapore, HK
  • Bominflot appoints new head credit manager
    Paul Millar was previously from the maritime credit reporting industry.
  • OPEC June output up
    Crude exports said to have risen for third straight month, compliance with quotas slipping.
  • Chimbusco ends posted prices due to 'competition'
    Prices in Shanghai, Ningbo and Zhoushan will be 'subject to enquiry'.

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