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08 August 2020 The on-line newspaper devoted to the world of transports 19:02 GMT+2

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The Business Timesweb site
JULY 13, 2009
Shipping News
  • Top global firms eye India's port expansion plans
    Global firms including Rio Tinto and Noble Group are interested in participating in India's 558 billion rupees (S$16.7 billion) port expansion projects, a top government official said.
  • Baltic Dry Index drops on China
    The Baltic Dry Index, a measure of shipping costs for commodities, had its biggest weekly decline in almost four months on weaker Chinese demand for iron ore to make steel and coal.
  • TUI seen having liquidity problems
    TUI AG, the owner of Europe's largest travel company, is running out of cash as revenue at its Hapag-Lloyd shipping line slides and a loan to one of its units is unlikely to be paid, Societe Generale SA analysts said.

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Sched Netweb site
JULY 13, 2009
  • HK shipowners blast Taiwan for presuming guilt of detained crew
  • Major Hapag-Lloyd shareholders okay US$1 billion in relief funding
  • IMO confers consultative status on World Shipping Council
  • CTSA extends old US$300/TEU rate hike to Vancouver from August 1
  • Port of Yingkou handled its largest-ship, 8,530 TEU
  • Shanghai's 'virtual port express clearance' proves cost efficient
  • China-Japan-Russia-Korea's joint shipping line officially launched
  • SITC Vietnam Co is officially launched
  • DHL starts LCL Thailand-US, Germany, Japan services
  • Troubled CSAV reaps US$145 million in share sale
  • Dar es Salaam offers tax amnesty to decongest port
  • Despite stimulus, US infrastructure spending to shrink in 2009
  • Hactl cargo off 21.5pc in first half, but stabilisation 'delightful'
  • Lufthansa Cargo flies to Mexico from July
  • UAL's June cargo ton miles slides 27pc
  • MidAmerica St Louis import volume up, looks to export potential

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Exim Indiaweb site
JULY 13, 2009
  • SCI places order for 2 PSVs with CSL
  • Budget leaves shipping industry all at sea
  • GAC scores with Manchester United Soccer Schoolsd
  • Continuing dry spell clouds Basmati export move
  • Iron ore export curbs on Steel Ministry's agenda
  • EU's 'catch' for seafood exporters!
  • Sugar imports at zero duty till March 31, 2010t
  • Vallarpadam ICTT commissioning by Nov., says Minister
  • Kandla Port's 100-day feat assures it of No. 1 status in 2009-10 too
  • Despite recession, NM Port going ahead with capacity expansion
  • Paradip Port meeting challenge of sudden surge in cargo traffic
  • Emirates SkyCargo launches paperless claims system
  • Seabird CFS Mundra observes Group Chairman's birthday with blood camp
  • Planners may lower 5-year growth target
  • Stiff stamp duty triggers signing of loan deals outside state
  • FTP in August will provide sops for textile exporters, assures Maran
  • India may host WTO ministerial session in Sept.
  • Union Budget 'a missed opportunity', say experts
  • CII launches 'Standards Portal' to aid Indo-US trade ties
  • Ficci's Secy-Gen heads team to prepare Eastern Industrial Corridor biz plan

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Marine Logweb site
JULY 12, 2009
  • Somali pirates hold Turkish woman mariner hostage
  • MSC Splendida gains BV Energy Efficient Design label

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World Wide Shipperweb site
JULY 10, 2009
  • Seattle port board Oks Duwamish restoration plan
  • Boeing announces purchase of Vought Aircraft Industries
  • Top Ships redelivers MT RELENTLESS to owners
  • Greenbrier releases third quarter numbers
  • US rail freight traffic tally heads down during week

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Lloyd's Listweb site
JULY 10, 2009
  • Tui board approves aid for Hapag-Lloyd
    TUI has received the green light from its supervisory board to provide financial aid to help the carrier.
  • High Court test for Ocean Crown salvage award
    THE second-highest salvage award ever published under Lloyd's Open Form is headed for the UK High Court.
  • TSA lines search contracts to enforce rate hikes
    CARRIERS hope to find clauses allowing them to automatically impose rate hikes or force shippers to go back to the bargaining table.

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Fairplayweb site
JULY 10, 2009
  • US trade gap narrows
    THE US trade gap narrowed to $26Bn in May, from $28.8Bn in April, the government said today, with exports rising 1.6% and imports falling 0.6%
  • Tankers play waiting game
    GLOBAL oil demand will linger for 2009 at 2.5M barrels a day less than last year, but 2010 will bring a demand rebound of 1.4M bpd
  • Solidarity eases off on EU
    SOLIDARITY at the Gdansk shipyard said today it is "satisfied" with the way that the EC has dealt with the yard's restructuring, thus dropping labour's opposition to the scheme
  • Egypt reports Suez terror plot
    EGYPT has arrested 26 people whom authorities suspect were planning terrorist attacks on the Suez Canal
  • Boluda invests in Morocco yard
    SPAIN'S Boluda has won approval from Moroccan authorities to build a new shipyard in Morocco
  • Cargo boom for Donrechflot
    SOUTHERN Russia's Donrechflot shipping company today reported nearly a 70% increase in cargo transport for this year's first half, from the same period last year
  • Liberian Registry's contract deal
    LIBERIA'S government might have succeeded in securing more money from the nation's growing ship register

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The Journal of Commerceweb site
JULY 10, 2009
  • Senate Eyes Short Sea Shipping Grants
  • Hapag-Lloyd to Get $1 Billion in Aid from Owners
  • Long Beach Gets Green Grant for Machines
  • China's Trade Surplus Drops in May
  • Short Line Loads Slip in Latest Week
  • C. H. Robinson Acquires Texas Customs Brokerage's Assets
  • YRC Worldwide Stock on a Wild Ride
  • U.S. Trade Deficit Down as Imports Plunge
  • Air Cargo Market Shows Signs of Stabilizing
  • Marad Awards Small Shipyard Grants
  • Senate Bill Would Require U.S. Flag Ships to be U.S. Built
  • Non-Profit Report Details Innovative Low-Carbon Strategies
  • USPS Adds 1,900 'Green' Trucks to Fleet
  • Cosco Shipbuilding Unit to Delay Bulker Deliveries
  • Carriers Combine Asia-Australasia Loops
  • Large Railroads Post Better Holiday Volume
  • Louisiana Gives Tax Credits to Use State Ports
  • Maersk Sets Fee, Start Date for Chassis Pool
  • Japanese Air Cargo Slump Eases
  • Canada-U.S. Trucking Sees Bad First-Half

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Containerisation Internationalweb site
JULY 10, 2009
  • Should shipping be liable for all costs of an accidental oil spill?
    In the early hours of March 11, 2009, the 1,123TEU Pacific Adventurer became engulfed in the aftermath of Tropical Cyclone Hamish, while en route between the western Australian ports of Newcastle and Brisbane.
  • Chinese shippers call for all-in freight rates
  • Hapag-Lloyd: more working capital required
  • YRC reaches tentative agreement with teamsters
  • NOL rights issue success
  • Russian hopes

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TradeWindsweb site
JULY 10, 2009
  • Vale buys again
    Brazilian miner continues bulker buying spree with reported purchase of an OceanFreight capesize.
  • Another China buy
    Japanese-controlled panamax bulker Rubin Peony finds new home after $36m purchase.
  • DryShips upped
    Cantor Fitzgerald lifts Nasdaq-listed owner's shares to "hold" as Oppenheimer analyst calls Primelead deal "accretive".
  • Brazil funds port
    Government pledges $300m in financing to upgrade Cuba's port of Mariel as a hub for the offshore industry.
  • Bulkers delayed
    A brace of European owners postpone delivery of eight newbuildings from two Cosco yards.
  • IEA view improves
    Agency lifts oil consumption growth outlook from 1.4% to 1.7% for 2010.
  • GSI shot down
    For the second time, Canadian authorities reject bid by owner to replace CGG Veritas ship to operate in domestic waters.
  • Awilco tanker buy
    Anders Wilhelmsen renews interest in suezmax market with $70m purchase of Metrostar newbuilding.
  • Hope for Wadan?
    Bankrupt German shipyard gets $265m shot in the arm from the federal government.
  • Greece top
    Greek shipowners see off Chinese challenge to head the sale and purchase league but they miss out on bulker gong.
  • It's quotes time
    New Baltic chairman Mark Jackson is looking at the man in the mirror to change the exchange's ways.
  • Di's pay cut
    Simeon Palios-led Diana Shipping takes $22,000 per day drop on a single panamax as the vessel finds work for the next year.
  • Petronas draws 7
    Malaysian, Italian and US contenders vie for $839m offshore service and transportation tender by Malaysian oil company.
  • Bulker swoop
    Hong Kong listed Sinotrans hoovers up three ships from Orion Bulkers in $97m deal.
  • Lodestar rescue
    NYK boxship plucks stricken yachtsman from the Pacific Ocean after Hawaii trip goes wrong.
  • Drugs bust in Gulf
    Dopes thought they could sail unnoticed through heavily policed Gulf of Aden with $70m of drugs.
  • New5 in Numb3rs
    Two Armada big guns are back with a new bulker business and the four ships which bought down both Eastwind and Daewoo Logistics.
  • China holds Rio 4
    Mining stalwart "surprised" at allegations of bribery and espionage as China arrests four iron ore staff.
  • Back on track
    China's Jiangsu Rongsheng shipyard reviving $2bn IPO plan in Hong Kong.
  • Tide returning
    Dean Taylor's Tidewater says it has $200m to spend on its own stock this year.
  • Sitting duck
    Pirate skiff spotted circling Japanese tanker aground off the Philippines.
  • Dayang Deaths
    Four workers have recently died at Sinopacific Shipbuilding Group's Dayang shipyard.
  • Barge grounds
    No pollution reported from Tidewater unit lodged on sandbar in Columbia River in US.
  • OCNF adds cape
    OceanFreight has bought its second capesize in less than a month with Bocimar ship chief suspect.
  • $330m to CEO
    Nasdaq-listed owner DryShips buys 25% stake in Primelead from CEO George Economou's Cardiff Marine.
  • Ezra profits flat
    Third quarter profits largely unchanged from a year ago at Singapore-listed offshore player.
  • US yards boosted
    Small commercial yards in America have received $17.1m in grants to help upgrade facilities.

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American Shipperweb site
JULY 10, 2009
  • Shippers may resist Pacific rate hikes
  • NOL raising $985 million
  • Maersk revises North Europe/Med service
  • US Airways awards agent contract in Holland
  • DHL to open new Auckland hub
  • Choice names Asia Pacific director
  • C.H. Robinson buys SW border broker
  • BDP Global Network adds Polar Logistics
  • New chairman for Swiss Schenker subsidiary
  • N.Y.-N.J. port seeks to reduce port pollution
  • Port of Gulfport to begin expansion
  • Busan finds no takers for new berths

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The Bunker Bulletinweb site
JULY 10, 2009
  • Markets end softer to cap off active week
    Prices slashed by an average of $50 pmt in major ports since Monday.
  • Oil spill on US East Coast
    Fishing boat sinks after running aground.
  • Florida bunker company faces opposition
    City gives backing to continue operating.
  • Bunker prices end week mixed
  • Cruise ship gains first Energy Efficient Design recognition
    Bureau Veritas estimates the vessel may save more than 10% of total energy consumption.
  • Barge operator grows Durban market share
    Expecting its third newbuild bunkering vessel at the end of July.
  • LSFO dominating Baltic bunker sales
    Increasing sales of LSFO convince bunker suppliers there is good SECA compliance among ships operators.
  • Market firms on tight supplies
    Bunker prices generally firmer as the week ends in Asia.
  • Petrochina makes cash offer for remaining SPC shares
    The Chinese oil and gas giant recently acquired 45.51% stake in SPC from Keppel Corp for $1.02 billion.
  • Sinobunker's Shenzhen bonded supply business 'within reach'
    Plans to start towards the end of this month or early August.
  • Toyota Tsusho starts trade in Japan bunker market
    First trade for 180 cst bunker fuel was processed on Wednesday.
  • Vopak gets commitments for $154 million growth capital
    Four investors participating in renewed program to fund expansion projects.
  • Credit insurer refuses cover to ZIM's bunker suppliers
    ZIM says the insurer is 'is reviewing the entire shipping industry'.

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