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02 June 2020 The on-line newspaper devoted to the world of transports 10:54 GMT+2

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The Business Timesweb site
NOVEMBER 6, 2009
Shipping News
  • ReCAAP shares experience with African states
    The Singapore-based Information Sharing Centre (ISC) for the Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP) is sharing its experience with countries in east Africa and Arabia to help them counter the scourge.
  • Mid-East tanker rates slide for third day
    The cost of shipping Middle East oil to Asia, the world's busiest route for supertankers, slid for a third day because there are more ships than cargoes.
  • Deutsche Post DHL ups 2009 outlook
    Deutsche Post DHL has hiked its 2009 outlook as it released stronger-than-expected third-quarter earnings, saying that cost cuts were helping offset stubbornly weak volumes.

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Sched Netweb site
NOVEMBER 6, 2009
  • Hyundai increases China-India rate US$100/TEU November 14
  • Seaspan interest swaps sink 28pc gain into US$65 million loss
  • Zim clears hurdle for US$450 bailout, debts rescheduled
  • Maersk opens a global service centre in Chengdu
  • Fuzhou CT up 29pc in first 9 months, up 35pc in September
  • China's manufacturers enjoy eight months of growth
  • Shippers, retailers condemn LA-style clean trucks in NY-NJ
  • Neptune CEO Ron Widdows joins board of insurers' P&I Club
  • More capacity must be cut to produce profit: Alphaliner
  • DHL scoops UK's News International newspaper distribution deal
  • Air cargo to grow 6pc a year, says Malaysian minister
  • India's Captain Gopinath launches Deccan 360 air cargo line
  • Continental's October cargo revenue ton miles rises 11.5pc
  • UAL's cargo performance slides 1.1pc in October

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Exim Indiaweb site
NOVEMBER 6, 2009
  • CII organising major logistics conference on Nov. 11
  • OOCL Logistics launches new product
  • Box cargo movement between Kolkata & Bangla ports by barges to begin soon
  • No immediate recovery seen for shipping cos
  • IMC's Shipping & Aviation Committee submits charter of issues to CBEC
  • Oasis of the Seas-Cruiser with a difference
  • Drewry report sees 18 pc rise in rates next year
  • Kerala seeks ban on coconut fibre export
  • US Customs yet to return shrimp exporters' bonds
  • KPT sorts out 24-hr priority berthing issues
  • ...observing Vigilance Awareness Week
  • Currency swings hurting MSMEs, observes Fieo
  • Food prices unlikely to fall soon-Pawar
  • Ex-im figures confirm India's integration with world economy
  • Pranab sets ball rolling for 2010-11 Union Budget
  • Dr Prahalad to speak on innovation issues today
  • Officials leave for Switzerland to speed up tax treaty

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International Transport Journalweb site
NOVEMBER 4, 2009
  • TNT still feeling recession
    TNT, the Dutch post and CEP services corporation headquartered in Amsterdam, registered a 5.9% decline in sales in Q3, from EUR 2.687 to 2.483 billion. The operating profit fell by...
  • Norbert Dentressangle reports declining sales
    The French transport and logistics company Norbert Dentressangle registered a 14.6% fall in sales, from EUR 2.38 to 2.031 billion, in the first nine months of 2009 in comparison wi...
  • DSV reports interim results for first nine months
    The Danish transport and logistics provider DSV recently reported its results for the nine months ended 30 September. Revenues rose from DKK 26.117 billion in the same period last ...
  • Stobart Group reports higher revenues and profits
    The multimodal transport and logistics service provider Stobart Group has posted its interim financial results for H1/2009. Revenues of GBP 218.2 million from continuing operations...
  • NFI Global tasked with transporting high-value shipments from Mexico City
    Transporting high value tequila from Mexico to the USA requires a strong and secure supply chain partner. NFI Global recently filled this requirement by transporting several high-v...
  • Rhenus Freight Logistics with three new German gateways
    Rhenus Freight Logistics has established three new gateways in Germany, in addition to its existing direct transportation services, in order to further develop its pan-European tra...
  • Erfa urges early recast of railway package
    The European Rail Freight Association (Erfa) has written to Brian Simpson MEP, the chairman of the European parliamentary transport committee, urging him and his TRAN colleagues to...
  • DHL opens Melbourne airport facility
    DHL has opened a new USD 32 million airfreight facility at Melbourne airport, to boost Victoria and Tasmania's international trade. The new facility covers almost 50,000 sqm and in...
  • Cathay Pacific Cargo doubles Frankfurt-Mumbai freighter frequencies
    With the start of the winter timetable Cathay Pacific Cargo, Hong Kong-based Cathay Pacific Airways' freight division, doubled freighter frequencies from Frankfurt to Mumbai. In ad...
  • NYK, Mitsui, K Line all in trouble
    The three major Japanese shipping companies NYK, Mitsui ISK Lines and K Line have all made large losses in the first semester of 2009. The largest deficit - USD 479 million - was r...
  • Berkshire Hathaway to acquire largest US railroad company
    Warren Buffett's Berkshire Hathaway Inc has agreed to buy the US railroad operator Burlington Northern Santa Fe Corp in what Buffett described as an "all-in wager on the economic f...

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Maritime Global Netweb site
NOVEMBER 5, 2009
  • Bulker hijacked
  • Tax headache looms for UK shipping's non-doms
  • Rieber's "satisfactory quarter"
  • Finnlines back in black
  • New debt collector launched

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Marine Logweb site
NOVEMBER 5, 2009
  • Shah named President of Ingram Barge
  • ABB and Fincantieri cooperate on shoreside power
  • Feeder ship used to smuggle arms

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World Wide Shipperweb site
NOVEMBER 5, 2009
  • Port association schedules international trade routes event
  • Schnitzer Steel dividend string running since November, 1993
  • US Border Patrol honors Coast Guard Auxiliarist
  • OOCL celebrates launch of new container vessel
  • Aries Maritime sets charter for Capesize tanker AUSTRALIA

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Lloyd's Listweb site
NOVEMBER 5, 2009
  • Clipper using Russian marines onboard its vessels
    Group using up to six marines at a time on some of its ships transiting the Gulf Of Aden.
  • Poll finds 45% of crew want to carry a gun
  • IMO backs Somalia coastguard
    International cash offered despite serious concerns over lack of legal infrastructure.
  • UK tax changes see marginal fall in non-doms
    Slight reduction in London-based Greek Shipping Co-operation Committee membership.
  • Bigger fleet pays off for Seadrill
    Rig owner posts rising revenues and profits in third quarter.
  • Low charter rates slash Eagle Bulk profits
    Supramax owner posts third quarter net income of $512,261 compared with $23m in 2008.

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Fairplayweb site
NOVEMBER 5, 2009
  • Earthquake hits Iranian port
    A TREMOR has reportedly struck a port city in Iran, injuring hundreds
  • Pirates attack Greek ship
    PIRATES have hijacked a Greek-owned bulker in the Indian Ocean, Fairplay was told today
  • Petrobras signs $10Bn loan
    PETROBRAS signed a $10Bn financing deal today with China Development Bank
  • French port strike tomorrow
    FRANCE pledged today to push ahead with port changes despite a 24-hour strike planned tomorrow across that sector
  • Gijón wins port award
    SPAIN'S Gijón has become the first winner of ESPO's new award for integration of ports with their cities
  • Liners challenge truck ban
    IMPORTERS and exporters have received support from the liner trade in opposing the green-truck programme at Port of Los Angeles
  • Ecuador seeks banana control
    ECUADOR is poised to set up a national banana exporting company, IHS Global Insight reported today

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The Journal of Commerceweb site
NOVEMBER 5, 2009
  • Radiation Detectors Fully Deployed
  • Hunt, NS Ink Intermodal Deal
  • Evergreen Cutting Fleet Size
  • Rail Traffic Dips at End of October
  • Fitch Negative on BNSF-Berkshire Hathaway
  • FAA Rejects Night Flight Ban
  • CIT Group Bankruptcy Affects Railcar Supplier
  • Court Approves Velocity Express Sale
  • BirdDog Acquires Churchill Transport
  • American Railcar Profit Slides 85 Percent
  • Traffic Slips at Short Lines
  • Con-way Says Used 'Aggressive' Pricing
  • A330 Freighter Makes Maiden Test Flight
  • Cobham Aviation Buys Three Freighters
  • Frankfurt Cargo Traffic Begins Recovery
  • JDA Software to Acquire i2 Technologies
  • i2 Technologies Profit Surges
  • Emery Harper, Shipping Lawyer, Dies at 73
  • Deutsche Post DHL Lost $123 Million
  • Bedek Converts First 767-300 Freighter
  • "K" Line Buys Ship Repair Yard Stake
  • Panalpina Earnings Slump

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Containerisation Internationalweb site
NOVEMBER 5, 2009
  • More strike misery at Piraeus
  • Panalpina still suffering
  • Francop released by Israel after arms cache seized
  • FBC develops container hybrids
  • Pirates fight over Somali yacht hostages

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TradeWindsweb site
NOVEMBER 5, 2009
  • Eagle target cut
    Pair of analysts reduce their price targets for Eagle Bulk Shipping's shares but hold firm to bullish views.
  • Medea listing
    Crew members awaiting repatriation as Greek-controlled bulker Medea K stuck at Gabonese port for weeks with up to 25-degree list.
  • Beluga attacked
    German navy comes to the rescue as multipurpose ship BBC Thames comes under pirate assault.
  • Low backlog
    Offshore vessel owner Global Industries turns around quarterly loss but faces backlog at the "lowest level for some time."
  • Takeover stalls
    BLT's bid to gobble up Camillo Eitzen has been delayed, Norwegian owner says.
  • The Costa Coffee
    High court hears how commissions were served up in deals at centre of corruption case.
  • Ice driller
    Transocean expected to announce deal for Arctic-class floater estimated to cost $1.1bn.
  • 'Count us in'
    Camillo Eitzen pledges $50m to Eitzen Chemical's potential $130m equity issue.
  • Yard firm unveiled
    Brazilian construction company Construcap confirms it is negotiating land for yard in Brazil's south.
  • Dacha deal
    Talk of kick backs from corrupt Sovcomflot transactions started at Yuri Nikitin's holiday home, court told.
  • Miami leak
    Diesel spilled in Miami River during refuelling of US-controlled multipurpose Titan Express.
  • Bulker escapes
    Greek crew fights off attack with water cannons as Turkish navy detains five pirates in Gulf of Aden.
  • Eagle net drops
    But sharp fall in Sophocles Zoullas-led bulk owner's third-quarter profits beats expectations on Wall Street.
  • Fear confirmed
    Meadway Shipping bulker and its 21 strong crew are in the hands of Somali pirates, UN says.
  • Casualty file
    WebTV roundup of casualty incidents brings dramatic footage of fires affecting a Puerto Rico tank farm and a Seadrill jack-up rig.
  • Mittal buying?
    Mercator boss HK Mittal linked to deal to take over company's shipyard in Maharashtra.
  • Aries cape fixed
    Nasdaq-listed owner ties up formerly spot trading bulker on two year deal.
  • Greek bulker fear
    A Meadway ship has been hijacked in the Indian Ocean, naval source believe.
  • BV defiant
    French class society sees marine revenue grow despite significant slowdown in newbuilding orders.
  • Trico triumph
    US offshore vessel player pushes up third quarter profit and revenue thanks to subsea business.
  • Must do better
    Norwegian gas carrier owner Solvang says performance unsatisfactory despite profit rising due to financial gains.
  • Duo detained
    Canada held Bockstiegel boxship and Euronav suezmax in October after failing safety checks.
  • Time to spend
    Sven Rong's GC Rieber to exploit weak offshore markets to make further acquisitions despite third quarter red ink.
  • Lakes lower
    Canadian owner Algoma's nine-month profit dragged down by loss-making domestic bulkers.
  • Olsen earns more
    Bonheur, Norwegian owner Fred Olsen's holding company, posts fat nine-month profit thanks to offshore drilling.
  • Still red
    Ro-ro player Finnlines turns in nine-month loss, but says cost-cutting is starting to have positive effect.
  • Single skin sale?
    Oslo-listed Aker Floating Production agonising over sale of 180,000-dwt tanker as it posts Q3 loss.
  • AI extends
    US cruiseship owner gives investors longer to sell notes in buy-back deal as it posts third-quarter loss.
  • Revs limited
    Clarksons says income from its broking desks continues to be restricted by struggling freight markets but it's a different story for its research arm.
  • Chilly winter
    Dof predicts difficult months ahead for North Sea spot market as it reports drop in Q3 operating profit.
  • K Line yard move
    Japanese shipowner invests in a second yard in China with stake in Zhejiang Eastern Shipyard.
  • New fund
    Former Efibanca director Fabrizio Vettosi puts together EUR 25m pot to invest in shipping.
  • Jaya jumps
    Troubled Singapore offshore shipbuilder and shipowner sees profits rise thanks to asset disposals.
  • Arabian adventure
    Seamec offshore vessel lands revised $8.5m charter with Dulam International.
  • Better to come
    Japanese shipbuilder Naikai Zosen sees profit dwindle in first half, but full year forecast is up on 2008.
  • Sumitomo slumps
    Japanese shipbuilder's interim profits decline dramatically, but it revises full-year profits upwards.
  • Out again
    Piraeus port workers start two-day strike in continuing protest at Cosco's 35-year deal to run two terminals.

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American Shipperweb site
NOVEMBER 5, 2009
  • WTSA again seeks higher rates
  • Spain passes armed rider law as piracy heats up
  • Israel apprehends weapons aboard containership
  • Logue promoted to head FedEx Freight
  • U.S., EU, Mexico go to WTO over China export quotas
  • NFTC urges Obama to join transpacific trade talks
  • Commerce to speed up business visa approvals
  • Panalpina reports lower volumes
  • Letter says New York, Newark steering wrong way
  • Richmond, Calif. expands rail handling for Honda

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The Scandinavian Shipping Gazetteweb site
NOVEMBER 5, 2009
  • Banks anticipate huge credit losses next year
    More than nine per cent of the world's ship finance loans will be bad (non-performing) in 2010, according to more than half of 27 top shipping managers in banks
  • Norway aims at being a world-class shipping nation
    The Norwegian government has launched the information campaign "Norway as a maritime host country" to attract more shipping companies to the country. "We'll try to bring back Norwegian shipping activities
  • Maersk Supply to transfer whole fleet from Isle of Man to Danish flag
    Over the next month, Maersk Supply Service will re-flag its whole fleet currently flying the Isle of Man flag. In the future, the majority of this fleet of 17

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The Bunker Bulletinweb site
NOVEMBER 5, 2009
  • Bunker prices mixed in North Europe
  • Rising bunker costs hit profits
    Chemical carrier says medium to long-term prospects are good.
  • Fujairah sees IFO grades up but distillate prices down
    Prices firming elsewhere in the region.
  • ECA rules could damage shipping's prospects
    The transport industry could see a 'modal shift' from sea to land.
  • Fuel oil cargo for November loading
    India's Essar Oil offers parcel from its Vadinar plant.
  • Strike hits bunker demand
    Industrial unrest in Piraeus prompts containerships to stay away.
  • Prices hit 13-month highs
    380 cSt in Singapore slightly weaker.
  • Singapore residual fuel stocks at nine-week high
    Stocks of middle distillates fell to a four-month low.
  • Singapore corruption case pre-trial conference deferred again
  • SGX: 'Right time' for 380 cSt futures contract
    Exchange unfazed by predecessor's failure 20 years ago, citing better market conditions now.
  • Oil retrieval work near completion
    Work expected to be completed in three to four days.
  • Maritime debt collection company launched
    Bunker supply 'a particularly risky business' expected to be 'a source of much new business'.
  • Vopak issues new notes for $680 million
    CFO says proceeds 'further facilitates' execution of the company's growth ambitions.
  • Merger to cut costs
    More details of how bunker supplies will be affected by the merger will be known later.
  • India 'starting to support' bunkering sector
    State governments 'more proactive in considering tax exemptions.'

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