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01 June 2020 The on-line newspaper devoted to the world of transports 03:03 GMT+2

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The Business Timesweb site
NOVEMBER 10, 2009
Shipping News
  • Greece cannot scrap Cosco port deal
    Greece cannot backtrack from a disputed port deal with Chinese transport operator Cosco that has sparked recurring strikes from protesting dockworkers, the Greek economy minister said on Sunday.
  • JFE ship unit needs time to assess merger
    JFE Holdings Inc's shipbuilding unit, Japan's second-largest by output, said plunging demand means it needs more time to assess a planned merger with IHI Corp's operations, 19 months after the tie-up was proposed.
  • Falling rates drive up storage of oil products in ships
    Traders increased the amount of heating oil and jet fuel stored at sea last month as declining freight rates made the transaction more attractive, said Simpson Spence & Young Ltd, the world's second-largest shipbroker.

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Sched Netweb site
NOVEMBER 10, 2009
  • China box volume to fall 7pc in '09 despite September uptick
  • NOL shifts China HQ from costly Shanghai to cheaper Chongqing
  • Hainan port volume up 24.2 pc in the first nine months
  • Yangpu port launches direct service to Vietnam
  • Andersen Shipping enters JV with CF Sharp Malaysia as ASC-Sharp Shipping
  • Panalpina third quarter profit falls to US$4.92 million
  • JB Hunt and Norfolk Southern sign eastern US intermodal deal
  • Singapore director jailed 46 months for exporting US parts to Iran
  • Australia, NZ expected to buy disproportionate number of aircraft: Airbus, Boeing
  • Canada drops forwarder cartel probe for lack of evidence

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Exim Indiaweb site
NOVEMBER 10, 2009
  • Move to close down SCI's liner div. seen detrimental to ex-im trade & economy
  • JBS Family institutes new Centre for promotion of logistics & shipping
  • MAERSK LINE launches Adriatic Levant Express service
  • ...suspends transatlantic string, to raise rates in 2010
  • Grand Alliance, Zim to fold one Far East-US EC loop into another
  • CMA CGM to hike Europe-Asia/Oz rate
  • MSC's Golden Gate Service shifts to Suez from Cape route
  • hike Asia-MidEast rate by $ 100/TEU from Nov. 15
  • Flicker of a flame?
  • WTSA shipping lines to raise US-Asia container rates
  • Israel Corporation shareholders approve ZIM revamp
  • CARGOTEC to supply six Kalmar E-One2 RTGs to Namport in Namibia
  • Horn-Linie to halt reefer/box service
  • Rickmers-Linie & ECL to expand cooperation
  • Bahrain team arrives to meet potential investors
  • Indian companies turn out to be second-largest investors in London!
  • Non-major ports too may come under TAMP jurisdiction
  • Spectacular H1 show by GMB ports
  • Pankaj Kumar is new GMB chief
  • PM invites increased foreign investments, favours more financial reforms
  • Textile exporters scouting for FDI, machinery & markets in Europe
  • Project consultants get busy once again
  • G-20 to continue stimulus packages
  • Seminar on 'Doing business with Iran' at WTC today

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International Transport Journalweb site
NOVEMBER 6, 2009
  • New TX Logistik Oslo-Rotterdam intermodal link
    TX Logistik has started a new intermodal link between Oslo and Rotterdam. The intermodal freight forwarders Bring Logistics and Bring Frigoscandia, both 100% subsidiaries of the No...
  • Swiss road toll charges adjusted
    The Swiss customs authority has adjusted road toll charges for foreign vehicles, in a move arising directly from a recent judgement concerning Switzerland's distance-related heavy ...
  • Geodis Wilson appoints vice-president for Asia-Pacific region
    The freight management provider Geodis Wilson has installed Mathieu Renard Biron as regional vice-president for the Asia-Pacific region. He is responsible for spearheadin...
  • Aramex promotes regional specialist to key role
    Aramex, a global logistics solutions provider, has named Tommy Kelly as chief executive officer, Europe. Based at the company's Ballyboughal facility just outside of Dublin (Irelan...
  • Deutsche Post DHL Q3 revenues down
    Deutsche Post DHL, the world's leading mail and logistics service provider, saw its Q3 revenues fall by 18.6% to EUR 11.2 billion. The bottom line was a quarterly loss of EUR 83 mi...
  • Expeditors International Expeditors reports lower net profit
    Expeditors International of Washington Inc, a transport and logistics service provider based in Seattle WA (USA), made a third quarter net profit of USD 57.8 million, down by 33% f...
  • K+N to manage logistics requirements for Parker Drilling
    Parker Drilling, a leading contract drilling and project management solutions provider to the global energy industry, has entered into an agreement with Kuehne + Nagel to manage lo...
  • Alfred Talke Belgium to handle Benelux distribution for IMCD
    The IMCD Group, a leading international marketing, sales and distribution company for speciality chemicals, food and pharmaceutical ingredients, transferred its supply chain activi...
  • Online reservations only at Hupac
    The Swiss multimodal operator Hupac offers two e-booking systems for the reservation of transports to and from its terminals: web booking (also available via the Cesar platform) an...
  • New A330-200 freighter takes to the skies
    Airbus's A330-200F, its new dedicated freighter variant of the successful A330 family, recently took to the skies during a four-hour maiden flight over Toulouse (France). This mile...

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Maritime Global Netweb site
NOVEMBER 9, 2009
  • ICS warns on EU's IMO ambitions
  • Katseli unrepentant
  • NOL sets up backroom in western China
  • Nordic American Tanker's 18th vessel
  • Steady result from Bourbon

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Marine Logweb site
NOVEMBER 9, 2009
  • Ribbon cutting at Austal USA
  • Kings Point Superintendent steps down
  • Heavy weather delays Oasis arrival
  • Pipavav inks OSV design contract

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World Wide Shipperweb site
NOVEMBER 9, 2009
  • Port of Seattle part of team preserving Eastside Rail Corridor
  • Corps schedules closure of large lock in Ballard
  • Gingerbread house contest highlights Bellingham holiday event
  • MarAd gives Ok to deepwater LNG facility
  • Diana Shipping takes delivery of Capesize dry bulk carrier

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Lloyd's Listweb site
NOVEMBER 10, 2009
  • TOP Ships breach loan covenants again
    Tanker and dry bulker owner marginally in the black for the third quarter
  • Shanghai Zhenhua to raise $603m
    Crane maker to issue one-year bills on the interbank market
  • Courage Marine bleak on dry bulk outlook
    Dry bulk owner forecasts more consolidation before a sustained upturn
  • DVB Bank profits crash
    Bank profits fall to 35.5% to €56.9m.

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Fairplayweb site
NOVEMBER 9, 2009
  • Cuba signs $150M in investments
    CUBA HAS signed deals worth $150M at an investment fair in capital Havana, IHS Global Insight reported today
  • Beijing to lend $10Bn in Africa
    CHINA is strengthening its position in Africa by reportedly providing of $10Bn in low-cost loans over the next three years for ports and other infrastructure
  • Angola raises oil projection
    ANGOLA is reportedly predicting oil production of up to 3M barrels a day over the next five years, a boost to the tanker sector
  • Far from base, pirates foiled
    PIRATES today attacked a VLCC, in an assault farther from their Somalia bases than ever before staged
  • Higher margin bolsters DVB
    GERMAN shipping and transport bank DVB continues to rake in good profits despite the recession and higher default risk in many shipping segments
  • Maersk seeks TSA reunion
    DENMARK'S Maersk Line said today it has applied to rejoin the Transpacific Stabilisation Agreement after five years outside

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The Journal of Commerceweb site
NOVEMBER 9, 2009
  • Gulf Ports Closed from Mississippi to Panama City, Fla.
  • Buffett to Sell Other Rail Holdings
  • Trans-Pacific Group Welcomes Maersk
  • Longshoremen to Vote Nov. 17
  • Air France-KLM Cargo Volume Tumbles
  • Boxes Pile Up in Piraeus
  • UPS to Manage Manheim Vehicle Transport
  • Damco, Partner Offer Amazon Barge Service
  • GE Sends First PowerHaul Locomotives to UK
  • Gulf Coast Braces for Ida
  • Financing Woes Hit Rickmers Trust
  • NOL Month-to-Month Volume, Yield Grow
  • Philly Port Sues to Start Delaware Dredging
  • Maersk to Rejoin TSA

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Containerisation Internationalweb site
NOVEMBER 9, 2009
  • Maersk to re-join TSA
  • DHL down but not out
  • Seaspan business plan still watertight
  • Shot stowage in Evergreen box shuts Melbourne box terminal
  • US jobless rate breeches 10%

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TradeWindsweb site
NOVEMBER 9, 2009
  • TBS in the red
    TBS International posts $18.1m loss as revenues plunge and puts "current" tag on debt despite ongoing bank talks.
  • Computer glitch
    Sovcomflot corruption trial told that theft of laptop in mysterious burglary pointless as PC had new hard drive.
  • Phase 3 mulled
    Sergio Machado-led Transpetro is reportedly evaluating the potential for a third phase of tanker fleet expansion.
  • Ida shuts Loop
    Louisiana Offshore Oil Port closed to tankers, Mississippi River traffic halted, offshore production shutting down, ahead of weakening storm. Mexico port reopens.
  • Genmar notes sold
    Peter Georgiopoulos' General Maritime sells $300m in senior notes through private placement.
  • Maersk joins TSA
    Maersk Line has reapplied to join Transpacific Stabilization Agreeement in the hope of preventing the industry's woes from getting worse.
  • OSG sued
    Tanker owner faces class action lawsuits over takeover of spin-off OSG America.
  • VLCC hit
    Grenades fired at BW Shipping tanker in 'longest range Somali pirate attack ever'.
  • Message to myself
    Sovcomflot corruption trial told of cars gifted to shipbrokers and how Richard Gale wrote e-mails to himself.
  • FSO nix 'unlikely'
    Overseas Shipholding Group (OSG) doubtful that Maersk Oil will cancel contract for two 442,000-dwt floating units.
  • Sales lift Premuda
    Genoa-based Premuda remains in the black thanks to sales of vessels.
  • Treble trouble
    Rickmers Maritime hit by early charter termination as it postpones newbuilding payments and frets over delivery of two more ships.
  • B+H battered
    A $35m impairment following fleet clear-out sends Michael Hudner-led owner into the red in Q3.
  • Not again
    Korean steel giant Posco will not re-enter race to take over Daewoo Shipbuilding.
  • DVB dented
    Large writedown and slumping revenues send nine-month profit tumbling at German ship financier.
  • Quarter pounder
    Clarksons' CEO Andi Case tucks away '1.6m after slicing his holding in the London-listed shipbroker by over 25%.
  • Another fall
    Suez Canal posts lower revenue for October as vessel transits decrease.
  • In the balance
    Shipping Corp of India under pressure from some directors to pull out of loss-making container business.
  • Solstad stacks two
    Oslo-listed owner lays-up a construction vessel and an anchor handler and warns of severe PSV spot exposure in Q4.
  • Arms ship seized
    UAE-flagged vessel with illegal weapons reportedly snatched by Somali pirates, other ship attacked.
  • Less bulky
    Dry cargoship player Taiwan Navigation suffers big drop in nine-month profit as revenues slide.
  • Rickmers pays out
    Singapore-listed containership owner maintains dividend despite three-pronged financial burden.
  • TEN to NATS
    Is a Tsakos Energy Navigation suezmax is on its way to Nordic American Tanker Shipping?
  • No chocolate coins
    Alan Marsh buys $36,344 in Braemar shares as an early Christmas present to his children.
  • U-Ming chopped
    Taiwan's biggest bulker owner suffers in tough markets as revenue and profit plunges.
  • ICTSI falls
    Third quarter profit down at Philippines ports group, as volumes shrink in downturn.
  • Bourbon better
    French shipowner player sees third quarter revenues inch up on improved offshore activities.
  • Death trap
    Survivor of Princess Ashika ferry sinking gives testimony of terrifying moments leading up to the disaster.
  • Not just yet
    Japan's Universal Shipbuilding needs more time to assess merger with compatriot IHI due to downturn.
  • NATS slumps
    Nordic American Tanker Shipping reports third quarter loss of almost $12m on weak spot market.
  • NATS buys again
    Herbjorn Hansson-led suezmax specialist acquires eighteenth tanker: second purchase in a month.
  • Taiheiyo tumbles
    Japanese tanker and bulker owner slides to a loss of JPY5bn in the first half of the fiscal year.
  • Todd rises
    More federal and state business lifts US shipbuilder's second-quarter profit.
  • Acid leak in Oz
    Toxic spill in container has Melbourne fire crews scrambling to E R Schiffahrt boxship.
  • Reefers heat up
    Japan's Toei Reefer has returned to profit in the first half as costs fell.
  • Tamai turns red
    Japanese bulker owner slips to a loss in the first half on poor charter rates and property market.

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American Shipperweb site
NOVEMBER 90, 2009
  • ANALYSIS: Maersk back in TSA fold
  • OOCL to add transatlantic reefer surcharge
  • CLARIFICATION: CMA CGM adds Singapore stop to PEX 3
  • Delta Cargo integrates Northwest operations
  • DB Schenker Rail tweaks structure
  • DHS completes northern border RPM installs
  • Report: APEC nations largely trade with each other
  • Global customs operation hits cash smugglers
  • Damco offers service in western Brazil
  • Tropical affiliate buys Deluxe Freight
  • Philadelphia seeks to intervene in dredging suit
  • Cleveland port chief resigns
  • Hurricane Ida weakens

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The Scandinavian Shipping Gazetteweb site
NOVEMBER 9, 2009
  • ABB and Fincantieri cooperate on shore-based electricity
    ABB, a power and automation technology group, and Italian Fincantieri have launched a new joint project, targeting shore-based electricity for ships. The companies will collaborate on the construction, marketing
  • Second Capesize bulk carrier from Odense
    This week, Odense Steel Shipyard will deliver the second Capesize bulk carrier to the Greek shipowner Carras Hellas S.A. The newbuilding, hull no. 224, is named Aquaprincess and will sail

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The Bunker Bulletinweb site
NOVEMBER 9, 2009
  • Developing countries propose a bunker levy
    Nigeria and Liberia proposal would cut emissions and finance climate action.
  • Prices begin the week soft in Europe
    Low demand in Rotterdam.
  • Volumes grow at St. Petersburg terminal
    Baltic oil terminal says fuel oil trans-shipments are up.
  • Prices weaken in Fujairah and Durban
    NYMEX showing gains in early trading.
  • Beyens resigns from O.W. Bunker (Belgium)
    Managing director leaving by 'mutual agreement'.
  • Bunker levy plans still unclear
    Senior UN officials say negotiators are undecided how any levy should be introduced.
  • Aegean Star deployed in West Africa
    Company sees good prospects for business in the area following major oil discovery.
  • Bunker recovery rates still weak
    NOL says revenue per FEU is down but volumes are up.
  • Bunker prices weakening
    380 cSt drops over $5 pmt in Singapore.
  • Lukoil expanding Asian fuel oil trading
    Refiner increasingly turning to Asia for its exports.
  • Hong Kong 2009 bunker sales down almost 30%
    Buyers turning to cheaper bunkering alternatives.
  • Aegean Marine readies for $201 million in offerings
    Files a shelf registration to offer and sell a mixture of securities.
  • New guidance on low sulphur fuels
    Germanischer Lloyd says switch to low sulphur fuel could cause engine failures.
  • Brightoil to start in Singapore, Zhoushan this year
    Eyes further expansion in 2010 but expects lower sales this year.
  • Bunkers 'can make the difference between profit or loss'
    Ship executive recommends 50:50 approach in hedging bunker costs.

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