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03 August 2020 The on-line newspaper devoted to the world of transports 16:40 GMT+2

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The Business Timesweb site
MAY 5, 2009
Shipping News
  • China Shipping plans to order dry-bulk ships
    China Shipping (Group) Co, the nation's second-biggest sea- cargo company, plans to order dry-bulk ships this year as prices fall on overcapacity concerns and the global recession.
  • Magnate wins presidential vote in Panama
    Conservative supermarket magnate Ricardo Martinelli won Panama's presidential elections in a landslide on Sunday, promising to guide the country through the world economic crisis and an ambitious expansion of the Panama Canal.
  • Seoul destroyer goes to aid of North Korean ship
    A South Korean Navy destroyer chased Somali pirates from a North Korean cargo ship off the African coast in the country's first such operation abroad, military officers in Seoul said yesterday.
  • Hyundai shares rise on rosier prospects
  • French naval ship captures 11 suspected Somali pirates
  • Cruise lines re-route ships to bypass Mexico

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Sched Netweb site
MAY 5, 2009
  • AADA hikes rates US$250 per TEU for Oz-bound cargo from Korea, China
  • Maersk restores Asia-Latin America rates to US$300 per TEU
  • Pacific Merchant Shipping Association seeks injunction against California fuel rule
  • Worst over for box shipping, says Danaos, with profit down, but revenue up
  • Guangdong's trade value rebounds in March
  • Grand Alliance and Zim to cooperate with Hamburg Sud on ATX service
  • Maersk widens no-go pirate zone based on ship speed and freeboard
  • ITS Terminal Pte Ltd joins Kerry Logistics network
  • Kuehne + Nagel named best project cargo provider
  • Australia competition agency charges Cathay with price fixing
  • DHL opens its bigger US$50 million Incheon air hub
  • LAX freight traffic declines 20.8pc, but March sparks hope
  • Continental Airlines resumes summer flights to Athens

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Exim Indiaweb site
MAY 5, 2009
  • CMA CGM to offer upgraded MEX Asia-Med. link from May 22
  • Grand Alliance to drop Amsterdam for Rotterdam
  • Zim to resume weekly calls at Piraeus
  • Post-Panamax service to Koper commencing in June
  • COSCON launches service to US West Coast at Fuzhou
  • MOL to make calls to Florida's Jaxport on APX service
  • CKYH Alliance to pool resources, rationalise east-west routes
  • Dongguan's Humen terminal to launch Taiwan service
  • GPA adopts environmental policy
  • Tianjin enjoys 4.3 pc year-on-year freight volume increase in March
  • Ningbo-Zhoushan ranked most competitive among China ports
  • Three Gulf of Tonkin ports unified
  • build two 300,000-tonne terminals this year
  • Korea's Cohueng Marine launches Xiamen-Manila shipping line
  • 3 Japanese companies in feasibility study to modernise Russian shipbuilding unit
  • China Navigation acquires Tasman Orient Line in entirety
  • Cargoplan partners Multi-Link in India-US trade lanes
  • A.P. Moller-Maersk updates policy & procedures for sailings in pirate-infested waters
  • Import of steel consignments allowed sans licence
  • USFDA rejects 6 lots of 'filthy' Basmati
  • Investors sizing up Kochi for potential CFSs & warehousing facilities
  • ABG entities issued letter of intent to equip & operate two berths at Haldia Dock
  • Noble consortium to build iron ore berth at Paradip Port
  • Zoom Developers allowed to bid for Vizhinjam port project
  • VPT chief spells out Port's upgradation plans
  • Orissa to develop Barunei port by inviting bids
  • Velji Dosabhai stars in a flying feat
  • Emirates SkyCargo adds 4 feathers to its cap
  • US Consul General inaugurates 'Artist on Art' by Rupa Bhaty

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Marine Logweb site
MAY 4, 2009
  • ABS approves innovative floater
  • Maersk Alabama captain testifies on arming crews

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World Wide Shipperweb site
MAY 4, 2009
  • Seattle, Tacoma port boards hold joint commission meeting
  • Bellingham 4th of July event looking for musicians/performers
  • Port of Tacoma sets free bus tour for May 11
  • U.S. steel imports drop during month of March
  • Navy awards Bath Iron Works contract for Littoral Compat Ship

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Lloyd's Listweb site
MAY 4, 2009
  • Number of laid-up bulk carriers falls
    THE number of bulk carriers in lay-up or idle at ports around the world fell in April, as a combination of Chinese demand for iron ore and better freight rates saw unemployed ships resume trading.
  • Fench navy captures 11 pirates after attack on frigate
    AT LEAST one vessel was confirmed to have been hijacked over the weekend and 11 pirates are still in custody aboard the French frigate Nivose, after mistaking the ship for a merchant vessel and attacking it.
  • Vessel sales boost OSG earnings
    LEADING US tanker operator Overseas Shipholding Group has emerged from the first quarter with improved earnings but only thanks to a hefty gain on vessel sales.

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Fairplayweb site
MAY 4, 2009
  • Shell in Argentine spill payout
    ROYAL Dutch-Shell's Argentine subsidiary Shell CAPSA today agreed to pay $9.5M to the town of Magdalena for damage caused to its shoreline following a collision on the River Plate 10 years ago
  • Pirates hijack British bulker
    A BRITISH-owned bulker carrying 35,000 tonnes of soya has been hijacked off the Seychelles
  • OSG revenues stumble
    TANKER giant Overseas Shipholding Group reported a 22% drop in quarterly revenues today, citing a fall in spot rates, particularly for its VLCCs
  • Cruising tightens flu screening
    THE CRUISE industry has implemented enhanced screening procedures to protect against passengers coming aboard with swine flu
  • Jones Act awash in lay-ups
    OVERSEAS Shipholding Group disclosed today that three of its US-flag petroleum carriers have been laid up and estimated that many more Jones Act tankers are following suit
  • Dante's wrath batters Philippines
    A TROPICAL storm that hit the Bicol region in the Philippines has left thousands of people and vehicles stranded in various ports
  • UAE vessel seized by pirates
    SOMALI Pirates have seized the general cargo ship Al Mezaan, reports the NATO Shipping Centre

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The Journal of Commerceweb site
MAY 4, 2009
  • Freight Index Falls Record 25 Percent
  • Diesel Falls 1.6 Cents to $2.185
  • Global Slowdown Nips ProLogis Profit
  • Wallenius Wilhelmsen Launches South America Service
  • MAC Cargo Handling Launches Operations
  • Kirby Profit Falls 23 Percent
  • Hyundai Launches Two U.S. Services
  • Matson Parent Profit Sinks 93 Percent
  • ClearOrbit Becomes TAKE Supply Chain
  • CSCL Goes Solo on All-Water Route
  • Fredericksen Aims to Oust TUI Chairman
  • Vancouver Truck Dispute Ends
  • CMA CGM to Launch Mediterranean Service
  • Corman Sets Deal for Railpower
  • TNT Profit Drops 58.1 Percent
  • Prince Rupert Tonnage Falls 24.5 Percent

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TradeWindsweb site
MAY 4, 2009
  • Wall St jumps
    OceanFreight leads shipping stocks in upward charge in broad rally on New York markets.
  • Shell settles
    Dutch oil major forges $9.5m settlement with Argentine city for 1999 oil spill after a tanker hit a German containership.
  • Half to fail
    Up to 50% of offshore newbuildings expected to enter the market this year will fail to arrive on time, says David Bichard.
  • Not a cargoship
    Eleven Somali pirates approach what they think is a commercial vessel, but this ship had guns, a helicopter and a contingent of the French navy.
  • Sales save OSG
    A $129.9m profit from vessel sales leads Morten Arntzen's OSG to improved first quarter profit as revenue tumbles.
  • Challenge ahead
    Overseas Shipholding Group's US-flag spin-off, OSG America, reports improved profits but CEO warns that the remainder of the year could be tough.
  • Call for arms
    After being held hostage off Somalia, Capt Richard Phillips tells US Senate he wants officers armed.
  • No dry rerun
    Troubled tanker market will not follow in dry-cargo's footsteps, but overcapacity will not be avoided by newbuilding cancellations and delays, top analyst says.
  • Bargain hunt
    US dollar buyers are well placed to pick up good deals in the offshore sector, broker says.
  • Deadline looms
    Nexus in need of a Cinderella story as FPSO faces being left on the shelf from midnight tonight.
  • Less for Grieg
    Norwegian group sees bottom line tumble year-on-year after 2007 figure was inflated by vessel sales.
  • Cosco converts
    Singapore-listed yard inks deal with Mitsui Ocean Development to switch VLCC into an FPSO.
  • Demolition dearth
    Ship scrapping deals remain thin on ground as buyers still unwilling to accept lower levels.
  • Bad to worse
    Struggling Malaysian tanker owner Nepline increases 2008 pre-tax loss by 2400% after sale deals fall through.
  • April a shower
    Spot AHTS rates show 45% year-on-year fall as April earnings only just creep above 2005 levels in the North Sea.
  • Secondhand curb
    Indonesian industry ministry wants to cut maximum age of vessel imports from 25 to 15 years over safety concerns.
  • Strong start
    Taiwanese bulker owner enjoys better investment income in first quarter as profit rises.
  • Mercy
    Pakistani vessel - carrying Somali-owned food cargo - seized on Saturday could soon be freed by pirates.
  • South saves North
    South Korean navy chases off pirates circling North Korean vessel off Somalia.
  • Yard interest
    Assets of Poland's Gdynia and Szczecin shipyards attract interest from 35 bidders, including shipbuilding businesses.
  • Keppel cancels
    Singapore yard forced to cancel multi-purpose newbuilding deal after owners fail to raise funds.

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American Shipperweb site
MAY 4, 2009
  • ABS chief expresses confidence amid downturn
  • Maersk raises Asia/Latin America rates
  • Warships thwart pirate attacks off Somalia
  • Lamy outlines focus for WTO
  • Human infects Canadian swine with H1N1 virus
  • Houston shipper fined for U.S. export violations
  • Panama Canal will cut some fees this summer
  • Ag group praises Long Beach expansion plan
  • MSC extends Baltimore contract for 6 years

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The Scandinavian Shipping Gazetteweb site
MAY 4, 2009
  • Panama introduces cost reductions
    The Panama Canal Authoritiy (ACP) has decided to introduce temporary cost reductions for vessels passing through the canal. The reductions willo take effect on June 1 and continue through September
  • Phillips wants to arm crews
    Richard Phillips, master of the Maersk Alabama which was hijacked by pirates, said in a US Senate hearing that he believes that the four most senior officers on a vessel
  • Pirates expanding
    On Thursday last week, a piracy attack took place more than 1,100 nautical miles off the Somali coast. The 1,604 TEU Turkish container vessel Carina A, built in 2007, was
  • Nordic Tankers with new CEO and fight with a former one
    Nordic Tankers A/S has engaged Jens Pontoppidan (34) as new CEO of the company. Pontoppidan will replace Flemming K. Sørensen, who took up the position in January after the
  • Lauritzen heir steps in as head of JL Foundation
    The JL Foundation (JL-Fondet) has appointed a Lauritzen heir as chairman of the foundation, which is the controlling owner of the J. Lauritzen Group (including DFDS). The new chairman

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The Bunker Bulletinweb site
MAY 4, 2009
  • ARA 'very quiet' as prices firm
    Biggest price gains seen in South Europe on Monday.
  • Tanker operator says earnings are up
    Lower bunker costs help bring down voyage expenses.
  • Colombo 'should be maritime logistics hub'
    Business leader points to Sri Lanka's potential as a regional bunkering centre.
  • Double-digit increase for Asian bunker prices
    Busan recovers after falling last week.
  • China to act on 'teapot' refineries
    New government initiative could curb Chinese fuel oil demand.
  • Bunker barge 'not at fault'
    Singapore-based operator said proper procedures were not followed on receiving vessel.
  • AADA to raise bunker surcharges
    The increase reflects a recent hike in Hong Kong bunker prices.
  • OPEC output fell further in April
    Compliance with its pledged 4.2 million bpd cut now said to be at 84%.
  • Bunker spill off Singapore cleared
    Incident 'swiftly dealt with' after 300-litre spill.

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