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06 April 2020 The on-line newspaper devoted to the world of transports 09:58 GMT+2

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The Business Timesweb site
MARCH 13, 2009
Shipping News
  • Hyundai Heavy, Korean shipyards plan debt sales
    Hyundai Heavy Industries Co and two other South Korean shipyards may borrow about three trillion won (S$3 billion), tapping the debt market for the first time in seven years to replenish capital as orders dry up, analysts said.
  • Half of new carriers won't be delivered
    As many as half of the commodity carriers scheduled to be built are endangered as financing for construction is cut, Genco Shipping & Trading Ltd chief financial officer John Wobensmith said.
  • Maersk eyes CO2 transportation
    AP Moller- Maersk wants to expand into carbon dioxide transportation if capture and storage (CCS) technology becomes an important tool in cutting emissions, executives told Reuters on Wednesday.

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Sched Netweb site
MARCH 13, 2009
  • AADA announces April 15 rate hike for China, HK, Taiwan, Korea-to-Australia exports
  • Maersk changes to Samba service by avoiding Suez Canal
  • Qinzhou Port launches new box shipping line to HK
  • Port of Xiamen launches first shipping line to Oceania
  • PSA is bracing for lean 2009 after 7.3 pc growth in 2008
  • VeriTainer opens VeriTainer Asia in Lion City
  • DB Schenker expands temperature-controlled services
  • Oil slick reaches Moreton Island from pierced containership
  • Cathay passenger figures for February 2009
  • HKIA's air freight plunges 29pc in January, passengers up 0.2pc
  • Tampa airport, seaport save money on capital projects as costs fall
  • Zurich airport launches first IATA e-freight transactions

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Exim Indiaweb site
MARCH 13, 2009
  • Women climb aboard Asia's maritime male bastion!
  • 17 missing as cargo ship sinks
  • DnB NOR opens representative office in Mumbai
  • MOL installs 'Hawk Eye' to enhance safety in box handling operations
  • MSC announces rate restoration on import leg
  • Gems & jewellery sector sees export recovery by July
  • Rice exporters want cut in MEP, DEPB benefits
  • Talks to defuse trade tensions with China on March 19
  • Apparel exports now on growth path
  • Port Pipavav continues pursuit of new parameters
  • IAS officers win cricket match played at JNPT ground
  • Now, even Busan port workers idled 28 days in a month!
  • Subic Bay new hotspot for idling boxships
  • Keen response to develop ChPT's mega container terminal 9 cos submit RFQ
  • RBI chief sceptical of attaining 7 pc GDP rate

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International Transport Journalweb site
MARCH 11, 2009
  • Swiss WorldCargo launches flights to Lyon
    Swiss WorldCargo will open a direct service between Zurich and Lyon (France) on 29 March. The flights will be operated four times a day with an Avro RJ100 (payload 1.5 t, 8 cb...
  • NOL announces departure of Brian Lutt as president of APL Logistics
    The global container shipping and logistics group Neptune Orient Lines (NOL) has announced that Brian Lutt, president of NOL's subsidiary APL Logistics, is leaving the company to p...
  • goes bankrupt has gone bankrupt after just two months of operations. The Austrian intermodal operator has debts of around EUR 600,000. The management said that did not ge...
  • Cologne airport expects cargo throughput to decline
    Cologne/Bonn airport in Germany has reduced its freight target for the year. Airport head Michael Garvens said that that instead of cargo volumes rising by 3%, as he had previously...
  • Port of Long Beach to boost clean fuel incentives
    The Long Beach Harbor Commissioners recently gave preliminary approval to a plan to cover more of the costs of switching to clean fuels near the port of Long Beach, as a step towar...
  • Lawrence Rosen new CFO of DPWN
    The supervisory board of Deutsche Post World Net (DPWN) has appointed Lawrence A. Rosen to the management board as chief financial officer. Rosen, who is currently Fresenius Medica...

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Maritime Global Netweb site
MARCH 12, 2009
  • More pirate attacks
  • Good year for DNV
  • Bunker oil hits Aussie beach
  • Skaugen raises $30m

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Marine Logweb site
MARCH 12, 2009
  • Halifax Shipyard to build OSV
  • BAE Norfolk gets $12.75 million Navy award
  • Seadrill's latest semi headed for Brazil
  • Seajacks takes delivery of liftboat
  • Navy to try to trim carrier total to ten?
  • Recovery of sunken rig begins

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World Wide Shipperweb site
MARCH 12, 2009
  • "K" Line expected to cut Port of Portland container run
  • Freight Transportation Index falls again during January
  • Rail association releases Ten-Year Trends publication
  • Carnival ships to begin service to Port of Seattle
  • APL Logistics boss decides to leave company

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Lloyd's Listweb site
MARCH 12, 2009
  • Report presents doomsday scenario for shipping
    CRISIS will trigger outbreak of protectionism in trade and creation of national fleets.
  • Global downturn 'to create new order' in shipping
  • DVB renegotiates loans to offset refinancing costs
    BANK suffering under high refinancing costs and wants to adjust the interest rates.

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Fairplayweb site
MARCH 12, 2009
  • Samsun files Chapter 15
    DRYBULK operator Samsun Logix has petitioned for US Chapter 15 bankruptcy protection to complement its South Korean debtor rehabilitation proceeding
  • Ship spills oil in Wilmington
    COAST Guard personnel and multiple other agencies are responding today to a fuel oil spill at Wilmington's port in Delaware
  • IMO: 93 held on pirate ships
    THERE are 93 seafarers being held hostage in unknown condition aboard six ships in the Gulf of Aden, a piracy conference in London heard today
  • DVB demands extra securities
    GERMAN transport finance bank DVB said today it is invoking asset protection clauses in shipping loan agreements on a wider scale to prevent losses from the worsening recession
  • Operators want easier dumping
    VESSEL operators, some of whom have been stung by US oil dumping prosecutions, said today they want fines collected by the US Coast Guard spent expanding facilities to make proper dumping easier
  • N Korea warns shipping on launch
    NORTH Korea has warned the IMO and other global agencies that a planned satellite launch could affect maritime navigation
  • Japan skidding faster than US
    JAPAN said today its economy shrank 3.2% in the final quarter of 2008, marking a decline into recession that is even faster than that of the US

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The Journal of Commerceweb site
MARCH 12, 2009
  • So-Cal Port Charges Send Cargo Elsewhere
  • Hamburg Sud Hikes Westbound Rates
  • Sinotrans Profit Soars
  • U.S. Rail Freight Traffic Drops
  • Aeroports de Paris Income Declines
  • Maersk Changes Scan-Med Rotation
  • AT&T Boosts Alternative Fuels
  • Panalpina Net Income Tumbles Almost 50 Percent
  • Saudi Ships to Call Charleston
  • Corps Approves Freeport Work
  • Seatrade Launches UK-Caribbean Service
  • Zollars Gives Integration a 'B+'
  • KCS Gets First Genset Yard Engines
  • Danaos Boosts 2008 Earnings
  • Retail Sales Slip Slightly

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Containerisation Internationalweb site
MARCH 12, 2009
  • Auckland half-year profits slide
  • CSCL selects GT Nexus' value-added portal
  • Danaos to defer delivery of 30 boxships
  • StreamLines renews Felixstowe-Caribbean link
  • China's exports plunge 26% in February

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TradeWindsweb site
MARCH 12, 2009
  • Pirates hurt two
    Mariners injured after pirates fired on Japanese-controlled bulker and a North Korean cargoship.
  • Ship shares rise
    US shipping and offshore stocks take flight amid market rally, but Danaos heads south.
  • Ore overhang?
    Over-importing of iron ore could push capesize rates downward, analyst warns.
  • Irving in OSV deal
    Irving Shipbuilding to build and operate offshore supply vessel for Canada's EnCana Corp.
  • DVB dips
    German bank hurt by write-downs as 'outside factors' stand in the way of another record profit.
  • Delaware spill
    US-flag pure car carrier suffers punctured fuel tank in Wilmington port, causing a small fuel oil spill.
  • Shipping stars
    Sammy Ofer and John Fredriksen have more money than George Lucas and Giorgio Armani but there is no place for Maersk McKinney-Moller at billionaires' table.
  • Rig recovery
    Ensco and US Coast Guard working to recover the Ensco 74, the submerged rig suspected of causing a tanker to take on water.
  • Putin's promise
    Russian prime minister says Gazprom and Rosneft will order 307 ships in coming years.
  • Carras cancels
    Greek owner pulls two of eight capesizes on order at Maersk's Odense yard in Denmark.
  • Filipino fury
    VP Noli de Castro threatens to bin license of crew agents for Stolt Strength held off Somalia for four months.
  • Pavel grounds
    Russian cargoship becomes lodged near Greek island of Ikaria, but no pollution reported.
  • Navibulgar chops
    Bulgarian owner to lay off 791 crew as it gets rid of elderly ships in economic downturn.
  • Singled out
    Just one vessel held in Hong Kong during February for failing safety checks.
  • Jiangmen: 'Not us'
    Chinese yard Jiangmen Nanyang says it is not yard which has seen newbuildings axed by Norden.
  • Shoring up
    Morits Skaugen-led shipowner grabs $30m from double note issue to fight global financial crisis.
  • Samsun files
    Troubled South Korean owner files for bankruptcy in US citing "meltdown" in drybulk market.
  • Clean-up begins
    Australian crews working to contain 'significant potential hazard' after fuel-oil spill from boxship.
  • Nenes in
    Greek owner OceanFreight has a new vice president as chief operating officer Michael Gregos resigns.
  • TBSI tanks
    Shares in troubled US-listed tweendecker specialist plummet dragging other dry stocks with it.
  • Cargoship burns
    North Korean vessel helped by German frigate after fire breaks out off Somalia.
  • Emden pile-up
    Danish salvage vessel rams ferry into third vessel in collision incident at German port.
  • Swire profits jump
    Hong Kong offshore vessel player saw strong demand last year, but is expecting challenging 2009.
  • Help!
    China's state-owned Cosco under pressure from provincial leaders to help revive industries hurt by global slump.
  • Derivatives bite
    US-listed OceanFreight slumps to fourth quarter loss, but its revenues rise on expanded fleet.
  • Hunkering down
    Coustas-led Danaos halts dividends, delays newbuildings, forges covenant waivers and reports a drop in earnings.
  • Hunting Samsun
    Fotini Karamanlis-led Hellenic Carriers latest to launch legal action against Samsun Logix following charter default.
  • Dock riot
    Greek police and coast guards clash with repair yard workers in Piraeus.

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American Shipperweb site
MARCH 12, 2009
  • NSCSA to call at Charleston
  • Cathay volume drops 16.7% in February
  • Omnibus bill ends cross border truck program
  • New Deutsche Post strategy integrates DHL units
  • Supplier tracker says buyer beware
  • Panalpina profit drops, layoffs planned
  • Company to propose takeover of Port of Virginia
  • India port strike delayed
  • EPA awards GPA grant to retrofit equipment

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The Scandinavian Shipping Gazetteweb site
MARCH 12, 2009
  • Stella Shipping invites investors to buy shares
    Stella Shipping PS (partnership), with its office in Marstal, plans to transform the company to a limited company (A/S) in a campaign to sell shares for DKK 25 million
  • Torm shows good figures
    Dampskibsselskabet Torm had another fine year in 2008 with a satisfying profit, although the profit was halved with the previous year. However, 2007 was an extraordinarily good year after the
  • Holy House ordered to pay USD 1.4 million for environmental crimes
    The Swedish shipping company Holy House has been sentenced to pay a USD 1 million fine as well as a special assessment of USD 400,000 in community service payments and
  • EU handed over pirates to Kenya
    The EU naval operation Atalanta has for the very first time handed over arrested pirates to the Kenyan authorities for prosecution. Nine suspected pirates were arrested in the Gulf of

news on subscription
The Bunker Bulletinweb site
MARCH 12, 2009
  • The value of double-hull tankers
    US Coast Guard credits 'sturdy' hull for oil spill prevention.
  • Bunker spill clean up costing $65,000 a day
    Australian authorities say oil coming ashore along long stretches of beach.
  • ARA fuel oil stocks little changed
    Outflows mainly to local bunker market and Germany says report.
  • Europe: Bunker prices slump
    Another day of price falls in many European ports.
  • Another liner operator defends BAFs
    Head of NOL says abandoning BAFs would be 'truly unwise'.
  • Cockett Marine to become physical supplier in UK
    Leading bunker trader wants to 'move into physical supply sector in strategic locations'.
  • Owners pay up after ship arrest
    Settlement reached for vessel recently arrested in Liverpool due to unpaid bunker bill.
  • Fuel oil export tax set to fall
    Russian official predicts tax will be cut by $2 per metric tonne.
  • Asia: Bunker prices drop at most key ports
    Bunker prices continue downward trend on Thursday.
  • Personnel changes at ARA broker
  • Singapore residual stocks up as bunker demand falls
  • Ship owner may face prosecution over oil spill
    Those responsible for the spill must pay for the cleanup, Australia's state premier says.
  • Singapore storage gets boost from Horizon Terminal
    Horizon does not rule out floating storage options in Singapore in future.
  • Trafigura eyes record earnings in 2009
    Company to benefit from weak spot fuel markets.
  • Hong Kong bunker demand jumps
    High Korean prices give Hong Kong a major advantage.

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