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06 April 2020 The on-line newspaper devoted to the world of transports 12:04 GMT+2

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The Business Timesweb site
MARCH 9, 2009
Shipping News
  • Will fall in iron ore prices help drybulk sector?
    Drybulk shipping companies get a large chunk of their revenue by carrying iron ore across the oceans, and with prices of the raw material set to see a steep fall this year, industry observers are divided if it would provide succour to a recession-battered drybulk sector.
  • Container volume in Feb down 17% in China
    China's port container volume in February fell 17 per cent from a year ago, the Xinhua news agency reported yesterday, reflecting a persistent slowdown in the country's export sector.

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Sched Netweb site
MARCH 9, 2009
  • US box traffic up in March as peak season climb begins
  • Maersk to increase rates to US and Latin American ports
  • Mothballed containerships pile up in Subic Bay
  • Hainan Mega Consolidation obtains NVOCC licence in China
  • Port of Taicang January container throughput up 7.8pc
  • NYK Logistics opens new container facility in Lion City
  • APC's knight comes to the rescue of recession-plagued shippers
  • Shipco opens operations in Vietnam
  • China's February air cargo traffic drops 28pc
  • Fraport US$8.75 expansion goes ahead despite profit decline
  • Horse flights prove a money-maker in Middle East

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Exim Indiaweb site
MARCH 9, 2009
  • m.v. KMA1 of KMA Shipping makes maiden call at CCT
  • Study finds scope to cut costs in day-definite FCL services
  • Fujairah to host global bunker meet from March 23 to 25
  • R. P. Patel Shipping & Logistics awarded prestigious ISO 9001:2000 certificate
  • MSC to implement rate restoration from Aprily
  • Nepal vanaspati import norms eased
  • India, China trade dips
  • Garment exporters see spark of hope in falling rupee
  • BCC&I paper spells out action plan for growth of port sector
  • Economic downturn triggers sudden surge in 'cargo crime'
  • IATA warns of cargoes taking sea route
  • Sensex hits 3-year low
  • Customs/excise duty reliefs likely on chemical industry raw materials
  • Tax refunds extended to services used in or out of SEZ territories
  • IMC happy with RBI's rate cuts
  • Economy to improve by Q3, says economist
  • Core sector growth decelerates in Jan.
  • Shrinking trade begins to sting
  • Right signals sent to banking sector, feel Fieo, chambers
  • Fieo wants penal interest on pre-shipment credit waived till 2010
  • 60k cr. gone!
  • Maya Kem gets addl charge of Kasez DC

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International Transport Journalweb site
MARCH 6, 2009
  • Korean Air to expand cargo business
    Korean Air is planning to increase its annual airfreight tonnage to 2.5 million t, up from the 1.66 million t it carried last year. It also wants to boost the number of passengers ...
  • Thai Airways planning full-freighter activities
    Thai Airways International is evaluating options for its planned full-freighter activities, which it hopes will boost cargo revenues by THB 4 billion (USD 110 million) a year. Prue...
  • All or nothing for Lufthansa for takeover of Austrian
    Germany's Lufthansa says it is all or nothing now for its Austrian Airlines takeover bid. CEO Wolfgang Mayrhuber said he would drop his airline's offer to buy the Austrian carrier ...

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Maritime Global Netweb site
MARCH 6, 2009
  • Interferry energy index changes
  • BV's fuel cell guidelines
  • Moller Maersk's strong year
  • Belships's profit plunges

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Marine Logweb site
MARCH 8, 2009
  • Kenya accepts more pirate suspects for trial

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World Wide Shipperweb site
MARCH 6, 2009
  • Port of Bellingham earns honor for financial reporting excellence
  • Trade between NAFTA partners takes hit during month of December
  • Port of Seattle taps Gonzales as top police officer for 2009
  • Everett Port Commission Oks historical interpretive program
  • US Rail freight traffic drops during February

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Lloyd's Listweb site
MARCH 6, 2009
  • Listed companies should name charterers
    MOVE will allow investors to properly assess risk, according to Lloyds List poll .
  • Excel scraps dividends after defaults on charters

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Fairplayweb site
MARCH 6, 2009
  • Yes we can, China's Wen insists
    CHINA'S economy, of which shipbuilding accounts for 10%, is expected to grow by 8% in 2009, Prime Minister Wen Jiabao has told the country
  • Box fall hurts Russia's FESCO
    THE COLLAPSE of container rates and box volumes is causing severe problems for the only Russian company directly exposed, FESCO
  • Man hurt in gangway collapse
    MAJORCA'S port of Palma reopened today, about 24 hours after a cruise passenger, 80, was seriously injured when a gangway to MSC Fantasia collapsed in gale-force winds
  • Ocean freight alliance launched
    SEVEN freight forwarders from Germany, Belgium and the Netherlands said today they have joined forces in a new ocean freight alliance called the International Co-operation of Forwarders
  • Ramsgate/Boulogne route opening
    BONANZA Express is being readied for a new four-times-daily fast ferry service linking Ramsgate with Boulogne
  • Owner expected to abandon ship
    THE OWNER of a 40-year old cargo vessel arrested in Ireland seems likely to walk away from any responsibilities for paying crew, a labour inspector has told Fairplay

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The Journal of Commerceweb site
MARCH 6, 2009
  • Block Train Connects Europe, Central Asia
  • Maersk to Bump Up Bunker Charges
  • FedEx Blasts House Panel's Bill
  • Rail Shipping's New Track
  • ODFL Relocates Chico, Calif. Center
  • Jobless Rate Jumps
  • Retail Container Traffic Sinks
  • Atlas Air Names Treasurer
  • FFE Loses Less in 4Q
  • Concor Slashes Freight Charges
  • Port of Seattle Exports Dive
  • Greek Parliament OKs Cosco Piraeus Deal
  • European Air Cargo Tumbles
  • Matson Adds Xiamen
  • U.S. Air Cargo Collapses in January
  • Rail Traffic Plunges

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Containerisation Internationalweb site
MARCH 6, 2009
  • Bad Moon Rising
    Drewry Shipping Consultants' latest financial health check projection for ocean carriers is a look into the abyss, and it is not recommended for the feint-hearted.
  • US: 650,000 more jobs go in February
  • Holland seeking EU support for counter gas attack
  • Ex-Hapag boxship saved from pirates
  • APMT takes out costs
  • DB Schenker opens own offices in Saudi Arabia

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TradeWindsweb site
MARCH 6, 2009
  • Taking on water
    US Coast Guard responding as suezmax tanker lists and takes on water off Galveston, Texas.
  • Viking buy denied
    Noble Group denies reports that it has bought capesize bulker from Belgium's Bocimar.
  • Upright and stable
    Coast Guard says SKS Satilla is no longer listing, but cause of incident still unclear.
  • No attachment
    Argentina's Rio Santiago shipyard succeeds in throwing out attachment effort in Casanna lawsuit.
  • 'We will survive'
    Herman Billung vows to give whatever it takes to save Golden Ocean as news of potential equity issue sends its stock spinning.
  • US teu down 18%
    February container traffic at US ports comes in 17.7% lower than a year ago, but March gap is expected to shrink.
  • BW scraps oldie
    Jan Hakon Pettersen-led owner books a net loss on the recycling of a 29-year-old LPG carrier.
  • Insurer loses more
    New York's Nymagic posts wider $19.8m loss as investment portfolio continues to suffer.
  • It's quotes time
    Everyone seems to want to know what's left in John Fredriksen's pockets after his latest visit to a "hole in the wall" machine.
  • Big spender
    China's Tianjin Port Group ready to invest $1.87bn on boosting coal and crude-handling capacity.
  • Gulf Island falls
    Louisiana marine fabricator reports plunge in fourth-quarter profits, which came in far below analyst estimates.
  • Fugro boosts divi
    Dutch offshore group lifts 2008 shareholder payout after profit rise but will be keeping a closer eye on its spending in the year ahead.
  • Futures bright
    Dry-cargo trading volumes jump 102% during the past month as Imarex's derivatives deals climb 29% to $688m in February.
  • Charterama lift-off
    New charterer liability insurance scheme signs first customers within days of launch.
  • Evasive action
    South Korean boxships to avoid North Korean waters as tensions rise between two countries.
  • Ganz in at Hapag
    TUI finance chief to take similar role at container line he helped to sell.
  • Yard reprieve
    Poland's cash-strapped Remontowa seals deal with banks to avoid defaulting on currency option contracts.
  • Detention warning
    Denmark vows to get tough on domestic fleet after six vessels detained over safety in first two months of 2009.
  • Bharati builds
    Indian yard clinches $54m deal to build interceptor ships for the country's coast guard.
  • Glowing reference
    US watchdog report finds no evidence North Korean shipowners are transporting weapons of mass destruction.
  • Yard death
    Worker killed by falling metal sheet at shipyard in northern Turkey's Kocaeli Free Zone.
  • False alarm
    Forgotten bike on board Washington state ferry sparks four-hour US Coast Guard missing person search.
  • Attacks drop
    US officials say naval ships off Somalia getting results, but longer term outlook remains uncertain.
  • Insurers cough up
    Ezra and KS Energy joint venture receive payout over liftboat lost overboard from heavylift ship.

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American Shipperweb site
MARCH 6, 2009
  • Idled vessels turning to Subic Bay
  • Skelton calls for U.N. antipiracy league
  • SIA adds South America freighter
  • Polzug offers service via Caucasus
  • Truckers idled as unemployment rate hits 8.1%
  • DHS distributes stimulus funds
  • Napolitano fills two more posts
  • Schenker, BAX Global complete integration
  • Schenker opens Saudi Arabia subsidiary
  • DC completed near S.C. port

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The Scandinavian Shipping Gazetteweb site
MARCH 6, 2009
  • Growth for ADP ports in 2008
    Associated Danish Ports (ADP), the parent company behind the port operations in Fredericia, Middelfart and Nyborg, had a nice 2008 with growth of several types of cargo. At Fredericia there
  • Better than expected in Maersk Line
    Maersk Line, the liner division in the A. P. Møller-Mærsk Group, had a better 2008 than expected. Despite the decline in the market, the division managed to almost double
  • More passengers, less cargo on Tallink ferries
    1.8 million passengers travelled with ferries belonging to the Tallink Group from December to February, the second quarter of the company's fiscal year (1 September to 31 August), up
  • Fewer attacks off Somalia ' more off Nigeria
    According to the US State Department, 17 per cent of the pirate attacks off Somalia this year has been successful. This is down sharply from the 64 per cent successful
  • All time high revenues for Greek shipping
    Greek shipping raked in EUR 19.2 billion in 2008, according to Bank of Greece. The state of the world economy started to have effect in the two last months

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The Bunker Bulletinweb site
MARCH 6, 2009
  • Americas: Prices end week down despite gains for oil
    Bunker prices down from Monday in major ports after volatile week for oil.
  • US Coast Guard to remove fuel from grounded vessel
    Trawler poses possible threat, crew transferred fuel before being rescued.
  • Europe: Mixed price picture to end volatile week
    Hamburg still closing in on ARA, conditions improve in Mediterranean bunker hub.
  • Players expect Fujairah refinery to go ahead
    IPIC official has said the project is 'under review'.
  • Piracy attacks decline
    Stepped up naval presence and the threat of prosecution are 'having an effect'.
  • OPEC cuts hitting high-sulphur fuel oil output
    Rotterdam price differential between low and high-sulphur bunker product is narrowing.
  • Asia: Bunkers end week with more losses
    Singapore prices for 380 cst product almost $20 down week-on-week.
  • Fuel oil arbitrage volumes to Asia set to climb
    But April volumes expected to fall on higher demand in the US.
  • S Korea's avails may face 'extreme tightness' in 2009
    Shortage of avails has pushed Busan prices higher than Tokyo Bay's.
  • Bunker trader gets promoted
  • COSCO to acquire a stake in bunker firm
    Company wants to participate in bunker oil trading and supply.

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