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15 December 2019 The on-line newspaper devoted to the world of transports 20:03 GMT+1




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The Business Timesweb site
MAY 12, 2009
Shipping News
  • Pacific Shipping Trust not planning on buying new vessels: CEO
    Singapore- listed Pacific Shipping Trust expects to maintain revenues in its second quarter as it is not planning to buy any ships, but it may face lowered charter rates for two of its vessels.
  • Samsung Heavy Q1 net profit falls on steel costs
    Samsung Heavy Industries Co, the world's second-largest shipyard, reported profit in the first quarter declined 12 per cent to the smallest amount in two years because of higher steel-plate prices.

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Sched Netweb site
MAY 12, 2009
  • OOCL, TSK Line, Cosco to jointly operate MEX service
  • Maersk starts TP10 all-water China-US east coast service
  • CSCL's AAE1 all water service starts calling at Shenzhen
  • Guangdong's general trade grew 10pc in first quarter
  • China edges out US as Brazil's biggest trading partner
  • IMO diplomatic conference on ship recycling comes to HK
  • Xiamen's Zhaoyin port area Taiwan trade increases fourfold
  • Zhejiang March trade value off year on year, but up on February
  • China most accused of dumping in WTO investigations
  • Sliding volumes at Matson cut into first quarter earnings
  • UN's ship pollution expert meeting in Marseilles this week
  • Montreal's new CT still a go, but construction awaits signs of recovery
  • TAL International returns to the black in first quarter
  • Missouri legislature earmarks US$12 million for China air hub
  • Doomed cargo plane had climb controls switched to dive mode: probe
  • SIA transfers daily Hyderabad flights to SilkAir unit from October 26
  • Aloha to pay US$5.5 million in pension settlement

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Exim Indiaweb site
MAY 12, 2009
  • SCI plans to deploy ships on India, MidEast, Europe, E. Africa route
  • GE Shipping's Q4 profit dips
  • Year-end surge in boxship overcapacity seen
  • Hefted without a huff
  • GE Shipping delivers Handymax vessel to buyers
  • MSC changes port rotation of Golden Gate service between Asia & USEC
  • Hamburg Süd & Hapag-Lloyd revamp Europe-N. Atlantic services
  • OOCL, TSK Line & COSCON in new Mid East Express Service
  • Grand Alliance & Zim to cooperate with Hamburg S'd on ATX service
  • CMA CGM to launch new direct service linking N. Europe, Greece & Turkey
  • Worst over for box shipping, says Danaos, with profit down, but revenue up
  • Maersk Line effects general rate hikes in intra Euromed & Asia-Europe trades
  • MISC voted best shipping line for intra-Asia trade
  • China Shipping plans to order dry bulk ships
  • AADA hikes rates for Oz-bound cargo from Korea, China
  • YICT launches Yantian to Xianlan barge express
  • Norfolk gets first call on CKYH's Far East service
  • US reviewing steel dumping duties
  • CVD on cement imports may be scrapped
  • STC gets more time to export rice to Africa
  • Exim Bank extends 5th LoC for Mozambique
  • SEZs' exports to home in on 2009-10 target
  • Safeguard duty on HR coils sought
  • Global suitors line up for stake in Dharamtar port
  • Deccan Aviation to launch air cargo & express logistics service on May 27
  • Freight forwarders vote Air India Cargo the best in C. Asia
  • Envoy seeks new rail connectivity with Bangladesh
  • Arshiya's Panvel FTWZ formally notified
  • CONCOR partners NYK Line to transport cars
  • Forex reserves up by $ 631 million to $ 2,53,091 million
  • CII ASCON study spots recovery in manufacturing sector
  • Scrap capital gains tax, urge apex chambers
  • Potential investors see IFFCO Kisan SEZ in Nellore offering a good deal
  • Falling Re. plays major role in coir export surge

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International Transport Journalweb site
MAY 8, 2009
  • Ceva manages Middle East logistics for Crocs shoes
    Hoofddorp (Netherlands)-based logistics company Ceva Logistics, one of the world's leading supply chain companies, has entered into a partnership with Iqdam International, the excl...
  • NRS expands US west coast operations
    National Retail Systems (NRS), a leading provider of global logistics services to US retailers and manufacturers, has opened a 15 acre distribution centre in Compton CA, near both ...
  • LGI wins additional Carestream Health deal
    Logistics Group International (LGI) recently won a new health care industry contract to handle "consumables" logistics processes for the Toronto-based Canadian company Carestream H...
  • Maersk seeking to sell Norfolkline
    A.P. Moller-Maersk has confirmed that it is in discussions with several parties about the possibility of selling its European ferry company Norfolkline. The company said that there...
  • Höegh Autoliners offering direct Europe-Mumbai link
    The "Höegh Berlin", the Oslo-based Norwegian car carrier Höegh Autoliners' vessel, will make a direct call from Europe at the port of Mumbai (India). The "Höegh Berlin", which can ...
  • Jobs secure at BLG
    The container activities of Germany's Bremen-based BLG Logistics Group have been hit by the global economic crisis, with German terminals registering a 17% deficit in the first qua...
  • Tiaca elects Ulrich Ogiermann as new chairman
    Ulrich Ogiermann, the president and CEO of Cargolux Airlines International, has been elected as the new chairman of the International Air Cargo Association (Tiaca). He was previous...
  • Germanischer Lloyd crosses gross tons record
    Germanischer Lloyd (GL) passed the 80 million gross tons threshold with the classification of the gas tanker "MT Gaschem Nordsee". More than 6,870 ships are currently surveyed on a...

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Maritime Global Netweb site
MAY 11, 2009
  • Pirates release two ships
  • Obama scraps Loran C
  • Rina's "steady growth"
  • Siba and Seaarland in $300m recycling initiative
  • Globus sells panamax at loss

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Marine Logweb site
MAY 11, 2009
  • Turkey's Med Marine delivers LNG terminal tug
  • $6.3 million Navy award for Marinette Marine
  • $77.2 million CVN 79 award
  • Eighty years of Gibbs & Cox

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World Wide Shipperweb site
MAY 11, 2009
  • Olympia Port Commissioners eye award of East Bay project pact
  • NYK vessels earn Port of Long Beach award
  • Dredging association backs stimulus funds for projects
  • Coast Guard extends comment time for new Oregon/Washington bar rules
  • Trucking group pleased with 'Jason's Law' legislation introduction

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Lloyd's Listweb site
MAY 11, 2009
  • Consolidate to attract new capital, says Slater
    SHIPPING needs wholesale restructuring if it is to secure new equity capital and debt financing, says First International chairman.
  • Ship finance slows as banks rein in lending
  • Rina warns over single-hull phase out move
    RINA chief Ugo Salerno says open registries' plan to call for deadline extension would be hugely counter-productive.
  • Hapag-Lloyd suffers E222m loss as rates and volumes plunge
    GERMANY's largest container carrier posts first quarter loss compared to '18.5m profit in 2008.

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Fairplayweb site
MAY 11, 2009
  • US LNG imports rebound
    AMERICA'S LNG imports have finally taken a positive turn after last year's severe declines
  • NTSB urges strict medical oversight
    The National Transportation Safety Board has issued a barrage of recommendations following their probe of the November 2007 spill of the Cosco Busan in California
  • Pirates free Greek ship
    PIRATES have released the bulker Malaspina Castle on Saturday evening, the owners have confirmed
  • Swine flu on cruise ship?
    INITIAL tests indicate that a crewmember aboard Royal Caribbean's Serenade of the Seas may have been infected with swine flu
  • 'Rule B' cases abating
    BOCIMAR International is seeking a $7.4M attachment against Golden Ocean, but the previous flood of New York 'Rule B' attachment filings is slowing to a relative trickle
  • Russian destroyer defeats pirates
    THE RUSSIAN Navy destroyer Admiral Panteleyev has again defeated a Somali pirate attack on a Russian oil tanker in the Gulf of Aden
  • London team helping pirates?
    A TEAM of 'consultants' in London is directing Somali pirates to their targets according to a European military intelligence document obtained by national Spanish radio station Cadena Ser

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The Journal of Commerceweb site
MAY 11, 2009
  • Diesel Jumps 3.1 Cents to $2.216
  • DOT, Commerce Work Together on Infrastructure
  • Panama Adds Capacity
  • Ron Kirk Visits WTO for Trade Talks
  • Norfolk Southern Cuts Jobs in Ohio
  • Hanjin Swings to First Quarter Loss
  • OECD Sees Slowing in Downturn
  • Charterer Limits Capacity
  • MISC Profit Drops 76 Percent
  • Maersk, CMA CGM to Launch Joint Service
  • Investors Discuss Stake in DP World
  • Hapag-Lloyd Loses $302M

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Containerisation Internationalweb site
MAY 11, 2009
  • Hapag-Lloyd posts USD300 million Q1 09 loss
  • Half a million more US job losses in April, but pace slowing
  • Surabaya - Jakarta box train service on track
  • Wilhelmsen launches lay-up package
  • Textainer triumphs

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TradeWindsweb site
MAY 11, 2009
  • Trico exchanges
    Compofelice-led offshore vessel owner's shares take a late-afternoon nosedive as the company reveals debenture exchange.
  • DP World sale?
    Port giant says controlling shareholder Dubai World has been approached to sell a minority stake.
  • Zenith re-floated
    Pullmantur cruiseship runs aground off Copenhagen with 550 passengers but is quickly unstuck.
  • Greek ship free
    Greek tanker Nipayia seized in late March released by Somali pirates, crew unharmed.
  • Norsul fined
    Brazilian owner fined $2.4m for spill from bulker causing "grave environmental danger."
  • Volcano growls
    Volcanic activity continues at Mount Redoubt, threatening a nearby Chevron oil terminal in Alaska.
  • Seaboard jumps
    Miami liner operator reports 81% surge in operating income as the company eyes vessel acquisitions.
  • Spat settled
    Newfront Shipping of Greece says it had no plans to abandon bulker crew in China as it ends pay dispute with 24 Filipinos.
  • Baltic cap
    Oversupply will cap BDI at around break-even levels for next two years with several owners staring at red ink, Credit Suisse warns.
  • Crew safe
    Twelve crew on Russian reefer which grounded off Norway airlifted to safety of nearby island.
  • Death revealed
    Indian crewman was shot by pirates on Sea Princess II tanker before it was released.
  • Exchange drop
    Indian offshore shipowner Garware sees annual profit dip due to lack of forex gains.
  • Scrap hunger
    Chinese buyers bagged bulk of demolition tonnage on offer last week.
  • Four-way tussle
    Russian yards including Krasnoye Sormovo scrap for $63m federal salvage vessel contract.
  • Mr Fix-it
    Captain Richard Phillips gets an audience with President Obama before attending A-list White House bash.
  • Pateras passes
    Well-known Greek shipowner Capt Diamantis N Pateras dies over the weekend aged 76.
  • MISC dives
    Weak liner market sends annual profit crashing at MISC Berhad which sees more pressure to come.
  • Anek nears deal
    Greek cruise and ferry owner "in advanced negotiations" to purchase Minoan's shares in Hellenic Seaways.
  • Ramunia sold
    Malaysian shipyard company agrees to takeover by Sime Darby conglomerate.
  • Hapag horror
    German container line posts EUR 221.7m loss in first quarter as freight rates plunge 14%.
  • Rina rising
    Ugo Salerno-led class society sees 2008 figures rise thanks to strong performance in Greece and Asia.
  • Greek broker dies
    Piraeus-based insurance broker George Georgoulis passes away suddenly at age of 55.
  • Another escape
    Novoship tanker crew fires on pirates in Gulf of Aden a fortnight after another of its ships evades capture.
  • Swine suspect
    Female crew member on Royal Caribbean cruiseship diagnosed with probable case of A/H1N1 flu.
  • Falklands fight
    Scottish owners angry over award to Dutch company of supply contract to South Atlantic islands.
  • Deeper red
    FPSO shutdown and rising costs hit Aker Floating Production in first quarter as it predicts tough year in the sector.
  • Reefer grounds
    Race on to evacuate 12 crew from Russian ship which grounded in dense fog north of Norway.
  • Jumper critical
    Passenger hits head trying to leap from Fullers ferry as it pulls out of Devonport, New Zealand.
  • Thor strong
    Danish project-cargo player made EUR 13.6m profit from EUR 19.6m turnover in 2008.
  • Hanjin in reverse
    Shipowner's stock on the ropes following plans for $160m share issue.
  • B Navi ship free
    Ransom of $2m said to have been paid to free Italian-operated but UK-owned bulker and 24 crew.
  • Ro-ro plot?
    Denmark's Maersk, DFDS and Clipper reportedly in talks over creation of new shipping company for northern Europe.
  • Costs hit Samsung
    First-quarter net and operating profit sent diving as higher steel costs erode improved sales.
  • Sell, sell, sell
    Analysts say its time to take some chips off the table as far as Cosco Corp (Singapore) is concerned.
  • Italians go green
    Siba Ships launching $300m green recycling initiative with plans to buy 120 bulkers.
  • Four like Asciano
    Aussie ports to rail group says it is in discussion with four potential bidders over a possible sale.

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American Shipperweb site
MAY 11, 2009
  • Hapag-Lloyd first quarter sales down 23%
  • CMA CGM, Maersk to start North Asia/Black Sea link
  • COSCO joins OOCL, TSK on Asia/Mideast service
  • Great Lakes Coal trade off 25% in April
  • T. Parker Host represents Cleveland trucker
  • ITC: Infrastructure hurts sub-Saharan African exports
  • India to monitor U.S. ag import trade barriers
  • Panalpina wins China-Brazil telecom business
  • Long Beach radar system to monitor small craft

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The Scandinavian Shipping Gazetteweb site
MAY 11, 2009
  • Furetank to split from Maersk/Broström
    The Swedish owner Furetank Rederi has decided to terminate its co-operation with Maersk/Broström. "We have agreed on a solution that benefits all parties", says Lars Höglund, managing director
  • VLCC owners stands to loose USD 14,000 per day
    The pressure on VLCC rates is heavy. Stockholm Chartering reports that the rate for a Persian Gulf ' West Europe round trip has dropped to WS 18, corresponding to daily earnings
  • Scrapping escalates ' prices moves south
    The interest among shipowners to have elderly vessels scrapped is mounting and the combined vessel sales to the scrappers this year, is closing in on the total sales for the

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The Bunker Bulletinweb site
MAY 11, 2009
  • Bunker prices open week a touch softer
    Rotterdam bunker market still tight for prompt enquiries.
  • Liner losses hit MISC
    Malaysian shipping company says its financial results are under pressure.
  • Wilhelmsen exploring new technology solutions
    In talks with several developers of emission abatement systems with marine market potential, says WSE president.
  • Bunker price gains 'cutting earnings to the bone'
    VLCC owners on benchmark route facing daily losses as rates collapse.
  • Singapore bunker prices slip
    Prices in Singapore and Hong Kong also softening.
  • O.W. Bunker to offer low viscosity product in Rotterdam
    Customers placing emphasis on 'quality fuel oil'.
  • Indian refiner offers early-June fuel oil cargo
    Indian fuel oil exports resuming as monsoon season begins.
  • Armada subsidiaries sold before insolvency
    No fraud was involved says financial advisor report.
  • Bunkering worries see coal buyers avoid SA terminal
    Players say replacement bunker tanker has 'much lower' pumping rate.
  • OPEC meeting has 'two options'
    Stocks currently at 61 days, according to an Iranian OPEC governor.




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