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03 April 2020 The on-line newspaper devoted to the world of transports 00:29 GMT+2

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The Business Timesweb site
MARCH 11, 2009
Shipping News
  • Playing musical chairs
    HOW recession resistant is shipping? On the face of it, the answer may seem pretty clear. Not at all.
  • All shipping firms will lose money in '09: Maersk CEO
    All container shipping companies are likely to lose money this year and some will go out of business if freight rates do not recover, Maersk Line's chief executive told Reuters on Monday.
Strait Talk
  • IMO alliance for a cause
    OVER the years the International Maritime Organisation (IMO) has taken an increasingly active stance on issues affecting world shipping. It is becoming far less simply a body that reacts to issues that come to its attention through its member states.

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Sched Netweb site
MARCH 11, 2009
  • Gloomy forecasts plague box shipping industry as Jan volumes dive 20pc
  • Senior liner managers foresee Intra-Asia March/April volumes to surge 20 per cent
  • Ningbo-Taiwan direct shipping box volume close to 10,000 TEU
  • Zhangjiagang port volume up 32pc in 2008
  • Jiangsu government meet to plan for box volume increase
  • Maersk's 1,000th ship call on west coast eco-fuel switch
  • India starts barging cargo from Nhava Sheva to Dharamtar Port
  • CN's Chicago town mitigation continues post EJ&E acquisition
  • Hactl tonnage falls 22pc at Hong Kong airport in February
  • Pilots face unpaid leave as SIA grounds 15pc of fleet
  • Shenzhen Airport mail cargo volume falls 35pc in January

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International Transport Journalweb site
MARCH 10, 2009
  • AFC and Nord-Flyg offering service from Germany and Benelux to Spain
    The Munich (Germany)-based specialist for air freight consolidation Air Freight Consolidator (AFC) and the Swedish airline Nord-Flyg Madrid offers connections from the main cargo c...
  • Konrad Sch'tte to strengthen Air Partner's sales team
    Konrad Sch'tte has moved to the sales division of Air Partner, one of the world's biggest charter aircraft providers. He has been gathering experience of the charter business in th...
  • Hapag-Lloyd board candidates
    The Hapag-Lloyd supervisory board plans to appoint Peter Ganz to the executive board as chief financial officer at its next meeting. After studying business administration, Ganz be...
  • Maersk: general rate increase in the Europe-Middle East and South Asia trade
    The Danish shipping giant Maersk recently announced that it will raise its rates on 1 April, as the current tariff is unsustainable and demand is improving. The increases on eastbo...
  • Port of Turku handles record number of new cars
    The port of Turku (Finland) imported a record number of new cars in 2008. The port saw 93,577 cars pass over the quayside, a 28% increase over the preceding year. In contrast, good...
  • DB Schenker expands Middle East network
    The German service provider DB Schenker continues to expand its network in the Middle East by founding a separate company named Schenker Saudi Arabia LLC on 1 March. The new entity...
  • Albion Chemicals Group renamed
    The Brenntag-owned Albion Chemicals Group has now been renamed Brenntag UK & Ireland. "Rebranding to Brenntag UK & Ireland positions the business as a global leader in chemical dis...
  • Kuehne + Nagel strengthens capabilities in the oil and gas logistics market
    The Schindellegi (Switzerland)-based logistics and supply chain management service provider Kuehne + Nagel recently announced that it has entered into an agreement to take over J. ...
  • Harwich International Port gets 'wings'
    Harwich International Port, one of the UK's leading multi-purpose freight and passenger ports, recently welcomed the arrival of some unusual cargo to its no. 5 berth. The shipment ...
  • Germany: first decrease in inland shipping in 2008
    According to provisional data of Germany's Federal Statistical Office (Destatis), inland waterways traffic in Germany in 2008 did not reach its record level of 2007: Compared with ...
  • Frozen Food Express substantially improves Q4 figures
    The refrigerated trucking company Frozen Food Express Industries (FFE) lost USD 201,000 in Q4/2008, compared with a loss of USD 3.5 million in the same period in 2007. The improvem...

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Maritime Global Netweb site
MARCH 10, 2009
  • 16 missing after collision
  • ICTSI expects "more difficult year"
  • Chief engineer pleads guilty to record book charges
  • ESPO "need for clear rules on financing"

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Marine Logweb site
MARCH 10, 2009
  • Reefer operator to pay $1,4 million in pollution case
  • Navy contract for Atlantic Marine Mayport
  • Coast Guard release Cosco Busan investigation findings
  • OSV contracts canceled as Norway's KMV files for bankruptcy
  • DNV project promises safer navigation in ice
  • Trico won't allow Sveaas nominees on Board

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Lloyd's Listweb site
MARCH 10, 2009
  • Maersk Line in talks to delay newbuildings
    WORLD'S largest boxship operator in negotiations to delay the delivery of newbuildings on order.
  • Maersk Line to lay-up 25 boxships
  • Marseilles to hold crisis talks over UNM liquidation
    PORT'S supervisory board to hold an emergency meeting as shiprepairer is put into liquidation.

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Fairplayweb site
MARCH 10, 2009
  • Global oil outlook trimmed
    THE new Energy Information Administration outlook predicts that world oil consumption will fall by 1.4M bpd this year, to 84.3M bpd
  • Martinoli takes NCL helm
    CRUISE industry veteran Roberto Martinoli was appointed president and chief operating officer of Norwegian Cruise Line today
  • Argentine yard victorious
    A New York judge has thrown out an attachment order used by Wilhelm Finance to garnish $2.3M in funds from Argentinean yard Astillero Rio Santiago
  • US policy changed as fine erased
    POLITICAL pressure from Congress has forced US Customs to change penalty guidelines under the Passenger Vessel Services Act and refund at least $800,000 in fines, Fairplay has learned
  • German exports falling fast
    GERMANY'S export activity dropped by 4.4% to $85Bn in January, after a 4% reduction in December, as the recession's impact deepened
  • PDVSA closes big gas deal
    VENEZUELA'S government-owned oil giant PDVSA has formed a multibillion-dollar offshore gas venture with Portuguese, Argentine, US and Japanese groups

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The Journal of Commerceweb site
MARCH 10, 2009
  • SoCal Ports Face Dray Truck Scramble
  • Nova Scotia Kills Gateway Project
  • Halifax, Seaway Talk Short Sea
  • NRS Chairman Frank Walsh Dies at 62
  • South America's Recovery Project
  • Conference to Explore Short Sea Shipping
  • Car Carriers Target Heavy Lift
  • Senator Files HMT Exemption Bill
  • Diesel Drops 4.2 Cents to $2.045
  • European Short Sea Carrier's Volume, Profit Fall
  • Hanjin Hikes Asia-Europe, Trans-Atlantic Rates
  • Lufthansa Cargo Traffic Slumps
  • Costco Moves to Tokyo DC
  • Outsourced Logistics Growing
  • Long Beach TWIC Deadline Nears
  • IMO Forms Global Ballast Alliance
  • Trade Rep. to Get Tough on Labor, Environment
  • Short Line Volume Drops 21 Percent
  • One Million Signed Up for TWIC
  • DHL Names New Japan Head
  • Alitalia Cargo Sale to Close Within Days
  • Indian Dock Strike Deferred
  • Genesee & Wyoming Traffic Slides
  • Con-way Cuts Wages, Benefits

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Containerisation Internationalweb site
MARCH 10, 2009
  • 'Guilty' plea by Cosco Busan pilot
  • Sirius 1 & 2 Med / ECSA becomes one
  • India's Chinese toy ban 'relaxed' in face of WTO threat
  • 'Single tradelane' ship lay-ups soar
  • Philippine exports plummet by 41%

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TradeWindsweb site
MARCH 10, 2009
  • US stocks leap
    Shipping shares climb sharply as optimism fuels broader market rally in New York.
  • USCG lays blame
    US Coast Guard issues report on Cosco Busan spill, blaming pilot's navigational error and master's failure to monitor him.
  • Armada under fire
    Biggest creditor of insolvent Singapore chartering group to challenge fairness and transparency of scheme of arrangement.
  • Nordic newie
    Austal yard in Australia bags catamaran order from Denmark's Nordic Ferry Services.
  • Crewman arrested
    Princess Cruises crewmember is arrested in Los Angeles for alleged sexual assault of a passenger.
  • Casualty file
    TradeWinds WebTV presents the first instalment of its weekly casualty roundup, the place to see the latest in maritime mishaps.
  • FMR cuts Hercules
    Fidelity Investments slashes stake in rig and liftboat owner Hercules Offshore by nearly 41%.
  • Mariner fesses up
    Spanish seafarer pleads guilty to charges of falsifying records over discharges from the chemical tanker Nautilus.
  • CSDC's cash grab
    Hong Kong-listed shipowner finds route to $1.17bn as notes issue is backed and parent is tapped for preferential loan.
  • Lightering done
    Damaged SKS Satilla's cargo removed but work required for safe transit to shipyard for repairs.
  • Friday deadline
    US Shipping Partners reveals new waiver from lenders that gives it until the end of the week on defaults.
  • Norden axes pair
    Two handysize newbuildings at Chinese yard cancelled with deposit paid back in full.
  • Bulk blow
    Li Shaode-led CSDC says domestic bulk COA volume down by a third while charter revenue is cut by nearly 40% following renewals today.
  • Karmsund fails
    Norwegian shipyard files for bankruptcy leading to the immediate cancellation of two giant Solstad anchor handlers.
  • Lay-offs ahead
    Delay of Ekofisk platform deal spells trouble for Aker Solutions yard in Norway.
  • Rasmussen to sell
    Major Norden shareholder to sell off half of holding in Danish owner which missed annual profit target.
  • Under the curtain
    STX Europe prepares to unveil new steel-saving concept in cruiseship newbuildings.
  • Norden feels heat
    Shares in Danish owner plunge as profit falls short of expectations and Rasmussen group to sell half of holding.
  • Fish carrier blaze
    Four crew members hospitalised in the Azores as fire fighters contain fire aboard the Spanish-controlled Izar Argia.
  • ICTSI drops
    Philippines port operator endures biggest annual profit fall for 10 years.
  • Torm's sale storm
    Danish owner to face public prosecutor over the sale of a 1997-built panamax bulker.
  • Buzz burns NOL
    Rumour of $250m rights issue sends NOL's stock price spinning.
  • Wartsila wins
    Finnish group to supply engines, propellers for two Sartor Shipping newbuilds designed by Vik-Sandvik subsidiary.
  • Norden profit up
    But Carsten Mortensen-led tanker and bulker giant falls short of target and forecasts vastly weaker 2009.
  • Waiting game
    Philippines owner Solid Shipping halts boxship buys as it awaits price falls in economic downturn.
  • No pullback
    Brightening outlook for the dry-cargo sector makes 10 bulker orderbook secure, Sinotrans says.
  • Dubai downturn
    Slowing of construction projects in Middle East leaves Dutch dredger Van Oord with headache this year.
  • Reef fine
    Bulker master pays PHP 5,000 penalty after vessel grounds on Philippines coral.
  • Sixteen missing
    No sign of South Korean bulker or crew after collision with RCL-owned car-carrier off Japan.
  • SGP's S&P
    Thailand gas company snaps up Japanese LPG carrier to boost logistics operations.
  • Hanjin hikes
    Korean container line looks to raise rates for Asia-Europe and transatlantic routes.
  • Reliance reneges
    Indian oil major pulls out of deal to charter drillship Neptune Explorer. No word yet on compensation.
  • Remains riddle
    Workers discover set of bones while renovating former Smiths Dock shipyard in UK.
  • HMY goes green
    British marine equipment supplier expands range with acquisition of ballast water treatment specialist.
  • Auckland dips
    Declining vehicle imports take toll on interim results at New Zealand port as dividend is suspended.

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American Shipperweb site
MARCH 10, 2009
  • Kolding: No lines will see black in 2009
  • Maersk boosts rate on Europe/Asia trades
  • Hanjin boosts rates in Asia/Europe, transatlantic
  • Siemens Energy puts wind blades on U.S. rails
  • Napolitano to visit border nations
  • ICTSI 2008 revenue up, profit down
  • Hong Kong port sees 4th quarter reversal
  • TWIC hits 1 million enrollments

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The Scandinavian Shipping Gazetteweb site
MARCH 10, 2009
  • DFDS's figures better than expected
    The DFDS Group did better than expected in 2008, according to CEO Niels Smedegaard. The group was affected by the global decline in all its markets. The overall figures show
  • Hamburg Süd scales down
    Due to deteriorating market conditions, Hamburg Süd has decided to reduce capacity in the trade between the Mediterranean and the East Coast of South America with immediate effect. In a
  • Karmsund loses Singapore contract
    Norwegian Karmsund Maritime is fighting for its survival, but after the Singapore-based Ezra Holding cancelled two anchor handling supply vessel contracts worth NOK 1.240 billion in total, the

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The Bunker Bulletinweb site
MARCH 10, 2009
  • Europe: Bunker prices firm
    Hamburg market 'very quiet'.
  • Shipping should act to cut emissions
    Head of DNV wants more research on using natural gas as a bunker fuel.
  • Aegean facing new commission lawsuit
    Previous case in Greek court was unsuccessful, Aegean says claim is 'meritless'.
  • Distillate supply concerns as regulation deadline approaches
    Market is being stretched, concerns over price escalation, says study.
  • Russian navy looks to oil companies for bunker deliveries
    Head of fuel procurement for the Russian armed forces says oil companies should provide bunkers to naval ships.
  • Hedge losses cost shipping company over $80 million
    Norden's hedging losses significantly worse than predicted.
  • DFDS rides out bunker price fluctuations
    Total bunker cost increase in 2008 even as company cuts consumption, but Q4 price drop helped.
  • Asia: Bunker fuel prices see marginal gains
    Traders in Tokyo Bay seeing more enquiries as prices undercut Busan.
  • Cargo ship sinks after collision
    Wide oil slick spotted near accident site off the coast of central Japan.
  • Bunkering resumes as cyclone threat eases
  • Iran supplier wants larger share of Bandar Abbas market
    Currently supplies about 20% of bunkers needed by foreign vessels.
  • Indian refiner urged to bunker foreign ships
    Foreign-owned vessels unable to buy bunkers at Paradip port.

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