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02 April 2020 The on-line newspaper devoted to the world of transports 23:46 GMT+2

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The Business Timesweb site
MARCH 12, 2009
Shipping News
  • Clean propellers cut carbon emission: ship classifier
    The global shipping industry can cut carbon emissions substantially with simple methods such as polishing propellers regularly and steaming more slowly between ports, Norwegian ship classifier Det Norske Veritas (DNV) said.
  • Baltic Dry Index climbs for 8th day on grain demand
    The Baltic Dry Index, a measure of shipping costs for commodities, climbed for an eighth day on Tuesday on demand for panamax vessels to haul South American grains.
  • Hanjin raising Asia-Europe box rates
    Hanjin Shipping, the largest South Korean shipping line, will boost rates to move containers from next month after plunging global trade and higher capacity depressed fees last year.
  • Ship loses 31 chemical containers, leaks fuel
  • Japan warships on anti-piracy mission

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Sched Netweb site
MARCH 12, 2009
  • CMA CGM's SIRIUS service is to be rationalized
  • Hanjin raises rates from April
  • Taipei Port opens 2 new box terminals as Cross-Strait ties improve
  • Sinotrans shines in dark shipping industry times
  • TSA refines bunker charge calculation
  • Downturn prompts ICTSI to slash 2009 capital budget in half
  • Beached sailors left high and dry amid economic downturn
  • Cathay Pacific suffers HK$1.1 billion loss for 2008
  • European air cargo volumes continue to fall in February
  • Correction: Hactl tonnage falls 22pc at Hong Kong airport in February
  • McCool and son look back on 20 years' building IAM

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Exim Indiaweb site
MARCH 12, 2009
  • Tuscan Ventures to offer advisory services to promoters of shipping & logistics cos
  • FAK Cargo voted IGLN's 'Best Partner' in Subcontinent for 2008
  • CMA CGM to rationalise SEAS service between Asia & EC of S. America
  • MAERSK LINE announces rate restorations in Med/N. America & Asia-America trades
  • PD PORTS commences Felixstowe-Teesport feeder service
  • SLCS suspends Montreal-Europe
  • CSCL offers Singapore-Red Sea service (RES1)
  • SBS Worldwide enhances consol services
  • Wheat export ban may go after polls
  • Indo-Pak trade to dip by 60 pc'Ficci survey
  • National Safety Day celebrated at MPSEZL
  • Port unions defer strike plan
  • ABGKCT handles record 2,374 TEUs from single vessel on Feb. 20
  • Single day bauxite ore unloading record set at Vizag Port
  • Govt to expedite installation of gamma ray scanners at Major Ports
  • Global majors choose ICD-Talegaon for hinterland clearance
  • Cathay Pacific selects Kale's cargo revenue accounting solution, AMBER
  • Naushad Forbes elected Chairman, Arun Nanda, Dy Chairman of CII (WR)
  • Lecture on Boosting Competitive Advantage at IMC today
  • Export Import Workshop to begin from March 21

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International Transport Journalweb site
MARCH 10, 2009
  • Crossrail about to be sold
    Australia's investment company Babcock & Brown wants to hive off Crossrail, based near Utzendorf (CH), according to a report in a Bernese newspaper. The one-time purchaser of the f...
  • SNCM and ENTMV to transport 18,000 vehicles per year
    The Franco-Algerian duo SNCM (Soci't' Nationale Maritime Corse M'diterran'e) and ENTMV (Entreprise Nationale de Transport Maritime de Voyageurs), partners in passenger transportati...
  • Etihad appoints new regional cargo sales manager
    Etihad Crystal Cargo, a division of Etihad Airways (UAE), has appointed Albert Soliman as the airline's new regional cargo sales manager for the Middle East and Africa. Based at Et...
  • Wincanton phases in new location in Cologne
    The transport and logistics service provider Wincanton has opened 3,200 sqm handling facility in Cologne Eifeltor (DE). It complements the company's existing premises in Cologne's ...

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Maritime Global Netweb site
MARCH 11, 2009
  • Abandonment deal done
  • Hazardous cargo and bunkers in Moreton Bay
  • ClassNK re-issues maintenance guide
  • Swedish owner fined $1.4m for US oil offence

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Marine Logweb site
MARCH 11, 2009
  • ThyssenKrupp yards stop work on box ships
  • LCS costs and delays come under fire

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World Wide Shipperweb site
MARCH 11, 2009
  • Port of Seattle police nab suspect for lazer discharge
  • Port of Olympia adds two new employees
  • Coast Guard cutter has mishap during smallboat training exercise
  • TSA member carriers changing bunker charges
  • Crowley presents grant for marine studies program

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Lloyd's Listweb site
MARCH 12, 2009
  • Danaos negotiates delays on giant newbuilding order
    PIRAEUS-based company close to pushing back one-third of its vessel deliveries by up to eight months.
  • Fleet growth and strong credit lines buoy Danaos
  • OceanFreight triples net income to $27.7m
    NASDAQ-LISTED dry bulk and tanker owner posts strong full-year despite interest rate swap losses.

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Fairplayweb site
MARCH 11, 2009
  • Danaos in crisis mode
    NYSE-listed container-ship owner Danaos Corporation has breached debt covenants and is moving aggressively to postpone newbuilds
  • Cochin to sign Petronet LNG deal
    THE COCHIN Port Trust told Fairplay today that it will sign an accord tomorrow granting Petronet LNG the concession to set up an LNG terminal and regasification plant
  • Dangerous boxes overboard off Oz
    A MULTI-purpose ship has lost more than 30 containers of ammonium nitrate overboard off Brisbane in stormy seas affected by Tropical Cyclone Hamish
  • DNV predicts record cancellations
    BULKER and box ship cancellations could reach mount to 30% of the orderbook in the next few years, Det Norske Veritas Maritime senior VP Wilhelm Magelssen has warned
  • Owners told delay, don't convert
    A GERMAN maritime think tank has called upon box ship and bulk carrier owners to choose cancellations and delays instead of conversions of newbuilding orders into other ship types

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The Journal of Commerceweb site
MARCH 11, 2009
  • French Rail's Freight Losses Widen
  • Maersk Shifts Euromed Service
  • States' Stimulus Plans Coming Fast at DOT
  • CSCL Picks GT Nexus
  • GAO Knocks TSA Coordination on Highways
  • Deutsche Post Unveils New Strategy, New Name
  • GAO Critiques Trust Fund Monitoring
  • Halifax, Memphis Ink Cargo-Boosting Pact
  • Chinese Exports Plummet in February
  • CN Begins Using EJE Chicago Bypass
  • Omnibus Bill Terminates Mexican Trucks
  • Taxes Save Descartes
  • CPSC Issues Procedures for CPSIA Exemptions
  • Freight Transportation Services Decline
  • Indian Port Cargo Growth Slows
  • European Airport Traffic Tumbles
  • Zim Combines Med-SA Services
  • Bidder Seeks Virginia Terminals
  • New England Gets Rail Joint Venture
  • Lufthansa Boosts Cargo Earnings, Shrinks Capacity
  • Transpacific Carriers to Revise Surcharges
  • Lutt Resigns as Chief of APL Logistics
  • Japanese Air Cargo Plunges
  • Japan, Philippines to Ink Sailor Pact
  • Manufacturers Strongly Oppose Card Check Bill
  • STB Takes On Chlorine Issue
  • SoCal Ports Face Dray Truck Scramble

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Containerisation Internationalweb site
MARCH 11, 2009
  • Portonave catches up with Itajai
  • NRF signals positive trend
  • Hanjin joins rush to hike rates
  • Dead cat bounce?

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TradeWindsweb site
MARCH 11, 2009
  • Hunkering down
    Coustas-led Danaos halts dividends, delays newbuildings, forges covenant waivers and reports a drop in earnings.
  • Showing more
    Armada (Singapore) reveals details of more creditors who have been scratched off a previous list.
  • Hunting Samsun
    Fotini Karamanlis-led Hellenic Carriers latest to launch legal action against Samsun Logix following charter default.
  • Rhyming Robson
    Mike Robson's our new limerick king; But Peter Shaerf caused a close run thing; Last year's New York winner; Fought hard the beginner; But the Navios man stayed in the ring.
  • Ofer ship grounds
    Boxship Saxonia Express runs aground in the Mississippi River but is quickly re-floated.
  • B+H profits soar
    Shares rebound after Rhode Island owner reports second-half profit after loss a year earlier.
  • TBS confident
    CFO feels "comfortable" that talks with lenders over loan covenants will succeed.
  • 3 yards compete
    Transpetro bunkering tanker tender draws proposals from three domestic shipbuilders.
  • Bryde bashed
    Nordic Tankers issues profit warning with the Klaus Kjaerulff-led firm blaming the decline on deals completed by the Steen Bryde regime.
  • Fine for Croat
    Chief engineer on scrapped reefer Snow Flower escapes US jail after pleading guilty to cooking oil record book.
  • TBS in tough talks
    Royce-led owner expects waiver deal with lenders, but a "no" answer could raise doubts about its ability to "continue as a going concern."
  • Caribbean coup
    Two Scottish shipyards win share of '150m order to build anti-smuggling patrol ships for Trinidad.
  • Seven years
    Owner of Al-Salam Boccaccio ferry that sank off Egypt killing more than 1,000 people sentenced in absentia.
  • Uljanik dives
    Croatian bulker and tanker owner sees profit slashed in tough markets last year.
  • Misery for Maersk
    Danish shipping giant staring down the barrel of an $850m loss this year, warns Fearnley Fonds.
  • Wilson sells one
    Bulker oldie which needs extensive docking goes to Syrian owner for "around book value"
  • Hazard off Oz
    Oil spill from Swire ship which lost boxes of ammonium nitrate in storm could threaten wildlife.
  • Torm storming
    Danish shipowner's stock powers up Wednesday as analysts give its full-year figures the thumbs up.
  • Clearing the air
    Armada clarifies mystery over disappearances from creditors list and who will get future profits.
  • Box spill
    Swire ship causes oil slick after falling containers hit hull in storm off Australia.
  • Nokbong not bust
    Troubled South Korean shipbuilder rubbishes reports its banks have forced it into liquidation.
  • One for ESG
    Florida yard beats Spanish rival to Canadian contract for ferry newbuilding.
  • Gotland soars
    Swedish tanker and ferry company pushes up earnings and revenues in 2008.
  • Torm goes lower
    Danish tanker giant warns of reduced profit this year while 2008 net falls as it misses Norden sale cash.
  • Costs hit GSI
    Hong Kong-listed Guangzhou Shipyard also posts weaker financials while expenses erode higher sales.
  • Asian first
    Wartsila wins breakthrough Taiwanese ship design and propulsion system deal for chemical tanker.
  • Splitska rises
    Croatian cement carrier owner posts much bigger 2008 profit as revenues jump.
  • What a hoot-er
    DFDS kicks off 2009 Comic Relief effort by strapping the world's biggest red nose to the bow of a cruise liner in Newcastle.
  • Rig rumpus
    US drilling giant Transocean in dispute with Egypt's Petrobel over terminated jack-up rig charter.
  • Green boost
    US port of Long Beach is increasing the incentive to shipowners to switch to low-sulphur fuels.

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American Shipperweb site
MARCH 11, 2009
  • TSA to calculate bunker fee quarterly
  • Analysis: Fewer strings to carriers' bows
  • U.S. Lines expands in the transpacific
  • Cathay posts record loss
  • STB seeks chlorine comment, O.K.s railroad sale
  • BIS cites progress
  • BIS cites progress with Entity List
  • Self-disclosures continue to roll into BIS
  • FMC reviews 29 OTI license applications
  • Boston reports more direct containerized cargo

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The Scandinavian Shipping Gazetteweb site
MARCH 11, 2009
  • Maersk Line sells two ships for recycling and may lay up 25 units
    Maersk Line has sold two container carriers for recycling at a special plant in China. The plant has been built up for some years with The A. P. M'ller-M'rsk
  • Greek owner cancels two bulkcarriers at Odense
    The Odense Steel Shipyard had their very last container carrier towed out from the shipyard yesterday for sea trial. The construction of this ship and a number of sisters has
  • D/S Norden's best year ever
    Dampskibsselskabet Norden A/S reports its best year ever in 2008, the net profit was USD 707.8 million after the revenue was almost doubled from 2007. The net revenue
  • Karmsund files for bankruptcy
    The Norwegian Karmsund Maritime files for bankruptcy after difficulties to secure financing of several construction projects, among other things, Norwegian media reports. Recently the Singapore-based Ezra Holding cancelled two
  • Chief Engineer pleads guilty in magic pipe case
    The Chief Engineer on the Cyprus-flagged M/T Nautilus, 26.794 gt, has pleaded guilty in the U.S. District Court in Boston, to using falsified records that concealed improper

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The Bunker Bulletinweb site
MARCH 11, 2009
  • Cruise line to install fuel economy system
    Initial tests helped 'optimise speed and minimise fuel consumption'.
  • Record year for Petrobras
    Brazilian state-owned supplier sees bunker revenue up by more than 60%.
  • Europe: Mid-week bunker prices lack direction
    Some South European ports see double digit gains.
  • US oil data still painting bearish picture
    Most oil inventories above normal except for gasoline where consumption shows signs of recovery.
  • Asia fuel oil production to decline
    Report says refineries are 'aggressively slashing runs'.
  • Extensions granted to single hull tankers
    Operations continue for Russia's largely single hull bunker barge fleet.
  • Progress in reforming Nigerian bunker sector
    But players say they will have to keep pressing the Nigerian parliament on new legislation.
  • Mystery 'problem fuels' reported in Long Beach
    Fuels suspected to have caused machinery problems met ISO 8217 specifications.
  • Asia: Bunker prices in retreat
    Hong Kong, Tokyo see above average demand.
  • Cyclone lashes cargo ship
    Fertilizers, heavy fuel oil spilled in Australian waters.
  • Maersk to hike bunker charges
    The Danish liner will also raise freight rates to cover costs.
  • Arrested tanker on auction
    Banks, bunker suppliers among those with claims against arrested tanker.
  • EIA cuts its 2009 demand forecast again
    Less optimistic about recovery; projected global oil consumption down 3 million bpd since September.
  • OPEC 'to cut' oil demand forecast
    Cartel expects downward pressure on oil prices to continue.
  • Traders indicate Singapore Q2 bunker premiums
    Term premiums considered low, sellers not keen to conclude deals yet.

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