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06 April 2020 The on-line newspaper devoted to the world of transports 11:10 GMT+2

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The Business Timesweb site
MARCH 6, 2009
Shipping News
  • Empty ships flock to Subic Bay to await charters
    Subic Bay in the Philippines is the busiest it's been since the US Navy moved out 16 years ago. The traffic surge is coming from ships all carrying the same cargo - nothing.
  • Maersk beats forecasts but expects 2009 profit to dive
    AP Moller- Maersk yesterday reported a higher-than-expected 2008 net profit but forecast significantly lower results this year, pushing its shares down.

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Sched Netweb site
MARCH 6, 2009
  • Capacity reduced on CMA CGM's SEAS service by 35pc
  • Dongguan trade value plummets 42.8pc in January
  • Toll Global Forwarding wraps up BALtrans integration
  • Tianjin export processing zone to offer bonded logistics service
  • Busan dockers work three days a month as empties pile up
  • Kuehne + Nagel 2008 profit up 9pc to US$495 million
  • Charleston port focuses on truck emission reductions
  • Industry fools itself on Asia Pac air future: wholesaler
  • China United Airlines launches Changsha to Beijing Nanyuan service
  • Emirates launch second daily to Dubai-Moscow flight
  • TAPA sees air cargo crime increase in downturn

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Exim Indiaweb site
MARCH 6, 2009
  • Over 10 pc of world boxship fleet idled
  • Need for industry to take on board 3PL providers underscored
  • MoS asks MoF to provide Rs 10K-cr. line of credit to help shipping industry
  • Germans coming on business
  • Auto sector demand swells finished steel imports
  • Signing of India-Asean FTA in for delay
  • GTI organises a health check
  • Empty boxes flood Asian ports
  • CONCOR cuts freight rates & offers volume discounts
  • India Inc to fare better in 2009-10
  • RBI cuts repo, reverse repo rates
  • Inflation sinks to 6-year low
  • 29 FDI proposals to net Rs 616 cr. cleared
  • Experts explain myriad of I-T rules on NRI tax liabilities
  • Resist protectionism, Brown tells US lawmakers

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International Transport Journalweb site
MARCH 5, 2009
  • BLG's automobile logistics division renews certification
    The BLG Logistics Group, based in Bremen (Germany), has renewed the certification of its automobile division after the standard three years. DIN EN ISO 9001:2008 sta...
  • UPS SCS gives up Innight business in Germany
    UPS SCS GmbH & Co OHG, the German subsidiary of the US parcel service provider UPS, is terminating its Innight business in Germany at the end of March. This was confirmed by direct...
  • Austrian Post CEO to step down for health reasons
    Anton Wais, CEO of the Austrian state-controlled mail operator Oesterreichische Post, will step down at the end of March due to health problems, the company recently announced. Chi...
  • Zim's CEO hands over helm
    Doron Goder, CEO of the Israeli shipping company Zim Lines, has quit. A statement from Zim's parent company, the Ofer family controlled Israel Corp, said Goder resigned because of ...

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Maritime Global Netweb site
MARCH 5, 2009
  • Cruise ship pirate scare
  • Baltic launches port costs data
  • Global Ship Lease takes derivative hit
  • Intermediate claims procedure for London

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Marine Logweb site
MARCH 5, 2009
  • Blount delivers auto/passenger ferry
  • BV has fuel cell guidelines in the works
  • Marad works on port grant criteria

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World Wide Shipperweb site
MARCH 5, 2009
  • Greenbrier in talks with GE over long-term railcar contract
  • NASSCO delivers latest T-AKE vessel to US Navy
  • Hillsboro Airport committee sets public meeting for March 11
  • Puglia Engineering expanding Port of Bellingham operations
  • AAPA taps Jane Harman as 'Port Person of the Year'

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Lloyd's Listweb site
MARCH 5, 2009
  • Widdows slams reckless boxship ordering
    NOL chief blames German investors for bringing industry to its knees and warns of prolonged slump in industry.
  • Boxship newbuild orders fall victim to credit chaos
  • Seaspan strikes deal to delay newbuilding order
    NEW York-listed containership owner Seaspan Corp is among the first to negotiate delays.

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Fairplayweb site
MARCH 5, 2009
  • APM predicts sharp profits fall
    APM FILLED in financial details today explaining why the group has been forced recently to raise box rates: the Danish shipping giant said its 2009 profits will be 'significantly' below those of 2008
  • Exxon unveils production push
    ENERGY giant Exxon Mobil revealed today that it will invest $25-$30Bn per year in new oil and gas investments over the next half-decade
  • Singapore plunge sparks alarm
    SHRINKING port volume is sparking alarm today in export-dependent Singapore
  • Union sues over Croatian taxes
    CROATIAN seafarers' union chief Pedrag Brazzoduro told Fairplay today that it is "very confident" of success in its lawsuit challenging government tax changes for his members
  • Marseilles yard seeks bankruptcy
    BOLUDA'S repair shipyard, Union Naval Marseilles, today filed for bankruptcy protection, telling a court in southern France that it could not meet financial obligations
  • Port halt to be appealed
    A COURT order suspending work on a new port at Granadilla, Tenerife, will be appealed, the port authority pledged today

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The Journal of Commerceweb site
MARCH 5, 2009
  • Downturn in Shipments Hits Record
  • Averitt Expands Truckload Service
  • Senate Panel OKs Rail Antitrust Act
  • Report: Suppliers Neglect Climate Change
  • Grassley to Obama: Clarify NAFTA Goals
  • American Railcar Industries Net Slips
  • Hapag-Lloyd Names CFO
  • CPSC to Hold Public Meeting on Phthalates
  • Australia, Korea to Negotiate Free-Trade
  • Fraport Sees Lower Cargo Volumes
  • FMC to Meet March 11
  • Smit Internationale Earnings Soar
  • Estes Expands Mexico Service
  • GE, Greenbrier May Alter Car Orders
  • Maersk Boosts '08 Profits
  • Maersk to Hike More Rates
  • Ports America in Lease at Port of Oakland

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Containerisation Internationalweb site
MARCH 5, 2009
  • Unwanted boxships swell by 50% in 30 days
  • PAOH secures Oakland concession
  • A P Moller Maersk rides global storm
  • CMA CGM merges two SEAS into one
  • Profits up at American Commercial

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TradeWindsweb site
MARCH 5, 2009
  • Hijack spree
    Nigerian gunmen attack four vessels and seize two people from government-run boat off Bonny Island.
  • Stocks pull back
    US shipping stocks give back some of Wednesday's gains after Chinese meeting results in no stimulus package.
  • Pemex inks again
    Offshore vessel owner Cal Dive International scores $58m contract for pipelay and derrick barges.
  • Genco upgraded
    Oppenheimer lifts bulker owner to "outperform" rating as company has "most attractive valuation."
  • Minerva mishap
    US authorities examining Houston Ship Channel depth after tanker with two pilots and appropriate draft runs aground.
  • Martin cuts back
    Martin Midstream Partners' barge and terminals businesses improve revenues, but 2009 headwinds lead to asset sales.
  • Golden wonder
    John Fredriksen's rescue package draws analysts' praise but Golden Ocean is not out of the woods just yet.
  • Larger loss
    Solvang says full-year loss extended by change to tax bill and increase in unrealised currency exchange reversals.
  • Maersk downbeat
    Danish giant's 2008 profit holds up well in tough markets, but 2009 result to be 'significantly' lower.
  • Pemex takes FPSO
    Mexican state oil company to pay compatriot Maritima de Ecologia $120m for five-year deal.
  • Croat court fight
    Croatian crew union files legal challenge against new tax rules for seafarers.
  • RAL down
    Greenland's container line blames higher fuel costs for drop in 2008 profit.
  • Subic slammed
    Workers at Hanjin's Philippines yard are underpaid, overworked and unprotected, report claims.
  • Box woe ahead
    Maersk Line warns of "extremely negative" outlook for containership rates this year.
  • Seadrill splashes
    John Fredriksen-led rig player pays out $24.4m to pick up shares in rival Scorpion.
  • Odense loses
    Maersk's Danish shipyard group ran up losses of $218m in 2008 ahead of strategic restructuring.
  • Save our ships
    South Korea setting up rescue fund to fight falling prices and block bankruptcy chain reaction.
  • Balmoral scare
    Passengers warned of possible pirate attack on Fred Olsen cruiseship, but Somali alert a false alarm.
  • Gamma gamble
    Indian government to open tender for container scanning equipment for major ports.
  • Two injured
    Passenger and crewman taken to hospital after Scottish ferry battered by big waves off Shetland islands.
  • Smit inches up
    Dutch salvage, towage and heavy lift group sees modest rise in profits, but still manages to beat 2007 result.
  • Yard impasse
    New Apeejay-Bharati shipyard in Orissa will need state intervention to solve land row.
  • Di fixes Coronis
    Simeon Palios' US-listed bulker outfit ties up panamax on one year charter to South Koreans.
  • Cargoship stalls
    Russian vessel carrying cars breaks down and needs a tow in Sea of Japan.
  • Mercury offloaded
    Thoresen Thai has sold a second ship in as many days as general cargo vessel leaves the fleet.
  • Barge owner flat
    American Commercial Lines quarterly profits barely move but beat expectations.
  • Buy or sell?
    Local investment analysts divided over the future prospects for Singapore's SembCorp Marine.

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American Shipperweb site
MARCH 5, 2009
  • Maersk rate outlook for 2009 "extremely negative"
  • Carriers reduce Asia/Latin America capacity
  • Maersk service goes around Cape both ways
  • Averitt fleet to serve four new states
  • NFTC backs potential Asia Pacific trade deal
  • A&B acquires San Diego, Oahu DCs
  • Ip joins Trans Global in Shanghai
  • AAPA honors Rep. Harmon

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The Scandinavian Shipping Gazetteweb site
MARCH 5, 2009
  • Mærsk holds the fort in 2008
    A. P. Møller-Mærsk's profit in 2008 was at almost the same level as 2007, despite the changes in the group and high oil prices. Turnover was USD 61.2 Read more
  • Russian shipping line to Göteborg
    Commencing on March 10, the Port of Göteborg will have a new link to Russia. The Russian shipping company Delta Shipping Lines, specialising in transport from the continental ports of Read more
  • Fredriksen wants to save Golden Ocean
    John Fredriksen's Hemen Holdings, the largest shareholder in Golden Ocean, has offered to buy 2/3 of the outstanding bonds in a USD 200 million bond issue. The offer is Read more
  • Important design contract for Deltamarin
    The Finnish consulting and engineering company Deltamarin Ltd will provide the Swiss-based Allseas Group with the complete detailed design work for the Pieter Schelte offshore vessel project. The vessel Read more
  • Swedish-American new head of WMU
    Professor Björn Kjerfve has been appointed new president of the World Maritime University in Malmö, Sweden. He will take up the position in May. Kjerfve is currently professor of oceanography Read more
  • Royal Arctic Line hit by oil prices
    Royal Arctic Line was affected by the sky-high prices of bunker oil in 2008, which contributed to a DKK 17 million profit decline. Royal Arctic Line reports a profit

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The Bunker Bulletinweb site
MARCH 5, 2009
  • Europe: Gains muted in northern hub, south rallies
    Hamburg seeing more enquires on competitive prices, congestion reported in Gibraltar.
  • Maersk Line reports 'positive' 2008
    Fuel surcharge mechanism helped recover costs more efficiently than before.
  • Classification society backs fuel cells
    Bureau Veritas calls fuel cells 'promising solution' for clean and efficient power at sea.
  • Shipping company backs away from hedging
    Precious Shipping says it will 'avoid risks', whether by chartering ships or taking bunker hedges.
  • Singapore fuel oil stocks jump
    Fuel oil inventories up nearly 10%.
  • Asia: Bunkers mixed on Thursday
    Bunkers firmed in Busan on 'extremely tight' avails.
  • Bunker tanker in collision
    Oil spill booms deployed.
  • PDVSA bunker staff change
  • New staff at IBME
    Company still looking to expand trading team.
  • Investment firm slashes oil price forecast
    Bloated inventory levels and low demand will suppress oil prices.
  • New Singapore bunker standard in July
    MPA urges bunkering players to adhere to new requirements under SS 600.
  • BP commits to cutting bunker fuel usage
    On-going commitment brought fuel usage down by 16,000 mt in 2008.

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