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05 August 2020 The on-line newspaper devoted to the world of transports 06:48 GMT+2

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The Business Timesweb site
MAY 4, 2009
Shipping News
  • Maersk may sell passenger ferry unit
    AP Moeller-Maersk A/S, Denmark's biggest company, is in talks to sell its passenger ferry operator to focus on returning its container division to profit and expanding oil activities.
  • Kuwait group drops plan to buy Manila shipping firm
    UNABLE to raise funds from a recession-hit debt market, Kuwait-linked KGLI-NM Holdings Inc has backed out from a deal to buy out the Philippine's largest and oldest shipping company, Aboitiz Transport System (ATS).
  • Baltic Dry Index up 1.1% on rising steel prices
    The Baltic Dry Index, a gauge of world trade, gained for a second day on speculation that rising steel prices will spur demand for iron ore.

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Sched Netweb site
MAY 4, 2009
  • HK exports 'better, but not good' as March exports slide 19pc
  • YICT launches Yantian to Xiaolan barge express
  • Horizon Lines suffers first quarter loss of US$10 million
  • China Merchants Zhangzhou Terminal, Wanhai offer service
  • China port uptick in March from stimulus-funded coal buys: expert
  • Zimbabwe to build inland port near Harare International Airport
  • Sino-International Forwarder Conference held June 11-14
  • Breakbulk Europe conference held in Antwerp May 26-28
  • DHL adds Boeing 747-400F to Hong Kong- Singapore route
  • First quarter Chongqing Airport export volume falls 27pc
  • AirBridgeCargo Airlines honoured with Wings of Russia award

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Exim Indiaweb site
MAY 4, 2009
  • Scrapping of single-hull & aged vessels may cause VLCC rates to double in Oct.-Dec.
  • Greatship takes delivery of AHTSV
  • Exports decelerate by 33 pc in March
  • Exports may pick up only in 2010-11, feels Pillai
  • Soft credit for exporters continues till October
  • Fieo chief pleads for export credit at least at 7pc
  • Sensitive goods imports surge by 30.5 pc in April-Feb 2008-09
  • Spanish naval frigate makes friendly maiden call at Mumbai Port
  • Arshiya overcomes challenging year to post excellent results all round
  • Officials find stimulus packages beginning to yield results
  • D. B. Group India moves into new headquarters
  • Capt P. V. K. Mohan re-elected President of Force Congress
  • GDL posts positive growth in profits & revenue in 2008-09

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Maritime Global Netweb site
MAY 1, 2009
  • Hamburg Sud and Hapag-Lloyd continue Atlantic link-up, Sud drops solo route
  • ABS has strong 2008
  • AP Moller-Maersk in talks over Norfolkline
  • Panama Canal drops fees

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Marine Logweb site
MAY 3, 2009
  • Credit crunch kills contract for advanced MPV
  • Vinyard takes SCA chair

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World Wide Shipperweb site
MAY 1, 2009
  • Allegiant Air set to begin Bellingham to Los Angeles flights
  • Rail freight traffic count drops down during week
  • Crowley aids employees in TWIC credential process
  • Port of Tacoma talks 'change' at annual breakfast meeting
  • Potential bidders take tour of Panama Canal project site

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Lloyd's Listweb site
MAY 1, 2009
  • ACP offers short term relief to boxlines
    PANAMA Canal Authority to offer limited concession to show "sensitivity to customer needs".
  • Panama Canal resists pressure for a cut in tolls
  • ABS boss sees "silver lining in gathering clouds"
    IMPENDING contraction in newbuilding activity offers "opportunity to chart a new course", says Robert Somerville.
  • US Shipping outlines bankruptcy plan details
    US Shipping able to hold on to its $15m cash balance through the bankruptcy period.

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Fairplayweb site
MAY 1, 2009
  • LNG market seen up 7% a year
    THE GLOBAL market for LNG will expand by 7% a year until 2020 despite the recession, the Australian producer Woodside Energy predicted today
  • Nine held in cruise drug case
    BARCELONA police have smashed a smuggling ring that allegedly used cruise ships to transport cocaine from Brazil to Spain, Spanish police announced today
  • Panama unveils transit relief
    THE PANAMA Canal Authority will implement temporary measures to reduce some transit costs through 30 September
  • Termination fees hit DryShips
    DRYSHIPS has reported $101.8M in first-quarter losses, driven by cancellation costs and a sharp drop-off in rates
  • Economou bullish on prospects
    DRYSHIPS chairman George Economou cited positive signs today on both supply and demand and offered assurances on his company's yet-to-be finalised covenant waivers
  • Rise seen in shipping accidents
    DNV SAID today losses from navigational shipping accidents continued to increase last year, which confirmed its prediction of February 2008
  • Alabama master in ship arms plea
    MAERSK Alabama captain Richard Phillips has publicly advocated arming ranking officers aboard vessels transiting piracy-prone waters

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The Journal of Commerceweb site
MAY 1, 2009
  • U.S. Shipping Partners Files Chapter 11
  • Trade Rep. Touts Intellectual Property
  • May Day Rally Canceled
  • Houston to Receive $98.3M in Stimulus
  • Global Ship Lease to Amend Credit Terms
  • Grimaldi Group Ro-Ro Service Begins at Port of Boston
  • 10 Tips to Choosing the Right Dispatch Solution
  • KCS Monitors Flu, Shipments Go On
  • Short Line Traffic Hits Low for Year
  • Corps of Engineers to Spend $4.6B on Stimulus Projects
  • A.P. Moller-Maersk in Talks to Sell Norfolkline
  • Maersk Hikes Asia-Latin America Rates
  • Heathrow Cargo Falls 14.6 Percent
  • Manufacturing Index Jumps in April
  • Factory Shipment Decline Hits Longest Streak in March
  • Mexico Begins Swine Flu Shutdown
  • Covenant Transport Loses Less in 1Q
  • Asia-Australia Lines Hike Surcharges
  • APM Terminals Joins Congo Terminal Group
  • Panama Canal to Cut Some Tolls in June

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Containerisation Internationalweb site
MAY 1, 2009
  • Virus upon virus
    Just as confidence started seeping back into global bourses, and the shipping industry began to eagerly anticipate the prospect of a slow recovery, a swine flu pandemic is threatening to derail this fragile progress and stymie globalisation. Yesterday (April 30), the UN's World Health Organisation (WHO) raised the alert level to category five - one level short of a full pandemic.
  • Cosco's 2008 profit plunge
  • Gothenburg to be privatised
  • Swine flu setback for US exports
  • APM T to invest in Congo Terminal
  • Panama Canal launches customer cost saving plan

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TradeWindsweb site
MAY 1, 2009
  • Tropical defies
    Caribbean liner player Tropical Shipping posts increase in operating income despite fall in revenue.
  • Turkish attack
    Pirates fire on Turkish boxship an incredible 1,150 nautical miles off the East African coast.
  • Nord Whale sold
    Greek interests said to have purchased Norden's supramax bulker Nord Whale for $24.5m.
  • Saldanha freed
    Economou confirms release by pirates and says DryShips could cancel another vessel deal but also could raise
  • Emarat ship sold?
    Brokers say Emarat Maritime's handymax Dubai Guardian has found a new home for $17m.
  • Canal reprieve
    Panama Canal Authority reduces fees for ship transits to help "clients mitigate the effects of the current economic crisis."
  • DryShips shifting
    A $100m loss can't keep bulker owner's stock down as first quarter figures top Wall Street forecasts.
  • Unparalleled drop
    Matson Navigation suffers quarterly loss after volume drops with "no modern parallel."
  • Top brass beams
    Eitzen Group executives see earnings boosted in 2008.
  • DFDS eyes ro-ros
    Danish ferry group says it is one of potential buyers of Maersk's Norfolkline business.
  • It's quotes time
    South Park gets in on the Somali piracy game as buccaneers are left planking it by wily crew.
  • Aegean adds one
    Greek bunker player picks up tanker from Norwegian owner for undisclosed fee.
  • Dry delight
    Bulker owner Taiwan Navigation manages profit rise in first quarter as costs are slashed.
  • Size matters
    Minnows of the global chemical tanker fleet are set to recover first because of small orderbook, says DVB.
  • DryShips loses
    Greek bulker owner spends second consecutive quarter in the red, but CEO George Economou is talking tough as numbers beat forecasts.
  • Blaze kills one
    Crewman suffocates after broken fuel pipe leads to fire on Vietnam government-owned ship.
  • Losing more
    Taiwanese boxship owner Wan Hai slips to bigger loss in first quarter as costs outstrip revenues.
  • Forth's first down
    Trading down in opening quarter at UK's Forth Ports but on target to meet "challenging" year.
  • Happy 280th
    Croatia's Kraljevica shipyard celebrates its founding in 1729 as privatisation nears.
  • GSL wins waiver
    Ian Webber-led boxship owner has two months to amend $800m loan after dearth of ship valuations put covenants in question.
  • AHTS gets $10m
    Pacific Radiance of Singapore cashes in new anchor handler in deal with Global Marine Services.
  • U-Ming falls
    Taiwanese bulker owner's profit almost halves in tough first quarter.
  • Losses cut
    2008 deficit reduced at Ukrainian shipyard Izmail as revenues improve.
  • Maersk to sell
    Danish giant in talks to dispose of UK to Europe ro-ro unit Norfolkline.
  • Greek buys OSV
    Environmental Marine buys ageing standby rescue vessel from British owner.
  • More at Marenave
    German shipping trust says it is well placed this year after tankers boost earnings in 2008.
  • Zim returns six
    Israeli container line chops charters of sextet of vessels owned by controlling Ofer family.
  • Time lag
    US class society ABS is expecting a slow-down in its business from 2010 as slump in ship orders hits.
  • Courage needed
    Singapore-listed bulker player issues profit warning and expects to report a loss in the first quarter.
  • Sunk by sand
    Ro-ro goes down in St Kitts after loading five trucks filled with sand.
  • Box fight
    Hamburg Sud and South American liner operators secure arrest of containers on broken-down boxship in California.
  • Shinwa Naiko woe
    Japanese coastal bulker owner fails to escape dry bulk downturn as profits nearly evaporate.
  • Data still weak
    Ongoing global slowdown continues to depress volumes and rates at Neptune Orient Lines.

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American Shipperweb site
MAY 1, 2009
  • Phillips: Military should protect U.S.-flag ships
  • Maersk looking at ferry "transaction"
  • Chan heads China marketing for GAC Shipping
  • Martinair cargo executive to plead guilty to price fixing
  • DHL expands Taipei, Incheon hubs
  • Hong Kong airport cuts landing, parking fees
  • Strike threat from Vancouver truckers
  • Mountain Valley Express adds Arizona
  • Army Corps leaves Soo Lock off stimulus project list
  • CBP to adjust "10+2" filing logs, deadline intact
  • Napolitano looks to cut fat from DHS
  • APL to overhaul Stein Mart's distribution
  • FMC reviews 52 OTI license applications
  • MSC extends Baltimore contract for 6 years
  • China hawks Shanghai as shipping hub
  • Congo container terminal overhaul begins

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The Bunker Bulletinweb site
MAY 1, 2009
  • Activity limited but prices firming as week ends
    380 cst fuel at a six-month high in Houston and Los Angeles.
  • Panama Canal Authority upgrades fleet
    Plans for total fleet of 46 tugs by 2014.
  • US 'no longer absent without leave'
    ECA proposal follows Europe's lead, PM control 'not a new issue'.
  • Lower bunker prices impact first quarter revenue
    Matson Navigation sees falls in freight volumes that are without 'modern parallel'.
  • Holiday hits bunker activity in European ports
    Little price movement seen, although crude oil market was firming.
  • Aegean secures its biggest tanker yet
    Plans to employ 'one of the largest bunkering tankers in the world' in UAE waters.
  • World's 'biggest' bunker barge due this month
    The first of two 22,000 dwt bunkering vessels expected in Singapore at the end of May.
  • Shipping can help combat global warming
    UK Chamber of Shipping defends industry's record on the environment.
  • Bunker spill clean-up costs nearly double
    Australian official says bill could reach $18 million.
  • Falmouth bunker spill leads to fine
    Shipping firm order to pay $15,000 for bunker spill in UK port.
  • South Korean traders grapple with slowing sales
    Oil refiners putting less marine fuel onto the market.

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