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02 June 2020 The on-line newspaper devoted to the world of transports 09:57 GMT+2

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The Business Timesweb site
NOVEMBER 13, 2009
Shipping News
  • Maersk posts 9-month loss
    Danish shipping and oil group AP Moller-Maersk reported a deeper-than-forecast net loss for the first nine months of the year, hit by a global slump in freight, and said that it would lose US$1 billion this year.
  • Trade triangles centred on Asia set for big role
    Asia is at the heart of three trade triangles, comprising intra-Asia, Middle East-Africa-Asia and Latin America-Asia, that are expected to contribute to almost 40 per cent of global trade by 2028, according to a report shared by global logistics player DHL yesterday.

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Sched Netweb site
NOVEMBER 13, 2009
  • Maersk posts US$778 million loss, blames 30pc rate fall, 5pc volume drop
  • NYK plans to sell US$1.6 billion in shares to counter slump
  • Court orders Greek dockers back to work at Cosco's Piraeus terminal
  • Danaos beats analysts as profit slides 41.2pc to US$16.4 million
  • Suez Canal October revenue slides 15pc as ship numbers fall
  • Biggest Chinese bank takes delivery of two of 14 newbuildings
  • Higher oil costs will boost 'capacity-absorbing slow steaming'
  • Agility sees quarterly profit rise 15pc to US$141.6 million
  • Savannah port adds 11 new fuel efficient RTGs
  • Toll acquires UAE's Logistics Distribution Systems
  • Cargotec supply Evyap Port, Turkey with six RTGs
  • Korean IT exports make for oeutbound air cargo record
  • EU carbon tax stands to bring more air cargo to Halifax
  • All Nippon new cargo depot opens for business in Okinawa
  • Turkish Airlines buys 5 more Trent engines from Rolls-Royce

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Exim Indiaweb site
NOVEMBER 13, 2009
  • Importance of logistics sector in economy underscored
  • FEDSAI getting major say in policy-makers' corridors
  • Hajara releases newsletter at Vigilance Awareness Week function
  • Maersk Line seeks to rejoin TSA
  • Imports of sensitive goods shoot up
  • Exporters may get fresh sops early next month
  • Room for optimism as exports fall at lower rate
  • Stimulus packages will continue, asserts Pranab
  • Apeda bags eASIA award

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International Transport Journalweb site
NOVEMBER 11, 2009
  • SNCF ready to press ahead
    Guillaume P'py, director of the French railway SNCF, has signalled strong resolve. He wants to transform the company into a "global logistics champion comparable to DB Schenker, DH...
  • French senate approves postal reform
    The French senate has cleared the way for the French post office to raise EUR 2.7 billion in capital. A majority voted in favour of the draft law after about 70 hours of debate. La...
  • Wincanton profits and turnover down in H1/2009
    Wincanton, the internationally active transport and logistics enterprise based in Great Britain, recently published its interim results for H1/2009. The turnover dropped by 9....
  • Rhenus Office Systems now archiving in Austria
    Rhenus Office Systems GmbH will open its first security archive in Austria on 13 November. The company built a state-of-the-art security facility with a capacity of 30 km of docume...
  • Grand Alliance announces Asia-Europe winter programme
    Grand Alliance (GA) partners Hapag-Lloyd, Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL) have announced their winter programme for Asia-Europe services, w...
  • Colombia: CTQI standard for port of Cartagena
    Two terminals in the port of Cartagena have been certified by Germanischer Lloyd (GL) according to the Container Terminal Quality Indicator (CTQI) standard. Both terminals are oper...
  • Etihad raising frequencies to Frankfurt
    Etihad Airways will offer more flights between Frankfurt and Abu Dhabi (United Arab Emirates) from 12 December, raising the total to 13 a week. The frequency will be increased...
  • Maersk Line to re-join trans-Pacific Stabilisation Agreement
    Maersk Line has decided to apply for membership in the Trans-Pacific Stabilization Agreement (TSA) after a five year absence. Once the company is accepted, there will be 15 me...
  • Rotterdam to introduce crisis discount in 2010
    The port of Rotterdam (Netherlands) is making a major effort to help shipping companies. With effect from 1 January 2010, the port will reduce its harbour fees by 7% and the q...
  • DHS completes northern border RPM installation
    The USA now has complete coverage of its northern border ports of entry with drive-through radiation portal monitors designed for commercial vehicles, according to the Department o...

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Maritime Global Netweb site
NOVEMBER 12, 2009
  • UK Defence Club premium to rise 5%
  • Physical hedging "will be key"
  • Farstad to be hit by strike
  • Probo Koala saga continues

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Marine Logweb site
NOVEMBER 12, 2009
  • International Shipholding buys bulker newbuild trio
  • Boskalis and Smit agree to merge
  • Maersk headed for $1 billion full-year loss

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World Wide Shipperweb site
NOVEMBER 12, 2009
  • Sea-Tac Airport honored for environmental efforts
  • Grand Alliance going to Asia/Europe winter schedule
  • Company plans to introduce new foldable shipping container
  • Greenbrier announces fourth quarter numbers
  • NOL plans to open service center in Chongqing

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Lloyd's Listweb site
NOVEMBER 12, 2009
  • Brussels takes tough line on low-sulphur use
    Comply with regulation or avoid European Union ports, ship operators told.
  • Dry bulk investment helps lift Knightsbridge revenues
    Company posts third quarter profits of $3.1m.

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Fairplayweb site
NOVEMBER 12, 2009
  • Boskalis wins Smit this time
    ROYAL Boskalis Westminster and Smit Internationale, two Dutch maritime service companies, said today they have agreed to combine
  • Galp gulps 49% income drop
    PORTUGAL'S largest company, the oil giant Galp, has told Fairplay today it is "delighted" with its third-quarter results ' despite posting a 49% drop in net income year on year
  • APM losses tied to share fall
    DENMARK'S APM reported deep losses today for its box shipping business, sparking a share fall of almost 4%
  • NYK selling 460M shares
    NYK SAID today it hopes to raise a ship-purchase war chest of ¥142Bn ($1.58Bn) by selling up to 460M new shares

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The Journal of Commerceweb site
NOVEMBER 12, 2009
  • BA, Iberia Agree on Merger
  • Stimulus Supports 10,000 Transport Projects
  • Intermodal Volume Falls 16.4 Percent
  • OOCL Adds to U.S.-China Rates
  • Transport CFOs Pessimistic on Recovery, Hiring
  • CMA CGM Hikes Australia Rates
  • Rail Traffic Stabilizes
  • Greenbrier Earns First Profit of 2009
  • Hamburg Sud Christens 5,900-TEU Ship
  • Hamburg Stevedore HHLA Profit Falls Sharply
  • APM Terminals Dollar Profit Down Slightly
  • Freight Transportation Slowed in September
  • Short Line RailAmerica Boosts Profit 21 Percent
  • BA, Iberia Move Closer on Merger
  • Rotterdam Cuts Harbor Dues
  • FedEx Expands Forwarding Locations
  • Maersk Parent Projects Loss of $1 Billion
  • NYK to Raise New Equity Capital
  • Dredger Boskalis to Buy Tug Operator Smit
  • Zim Payment Cuts Hit Danaos Profit

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Containerisation Internationalweb site
NOVEMBER 12, 2009
  • Maersk suffers badly in Q3 09
  • No repeat of 2009, carriers warn Australian shippers
  • Agility bucks the trend
  • China's factory output ahead of forecast
  • Spain urges international action against pirate ransom payments

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TradeWindsweb site
NOVEMBER 12, 2009
  • North Sea exit
    After four Petrobras charters, Felipe Menendez-led Ultrapetrol is poised to send its last two North Sea PSVs to Brazil.
  • Three yards bid
    Trio of yards, including greenfield facility tied to STX Offshore & Shipbuilding, compete to build gas carrier octet for Sergio Machado's Transpetro.
  • Loan for TK
    Teekay Offshore Partners bags $260m credit facility to fund purchase of FPSO from parent Teekay Corp.
  • Danaos converts?
    Coustas-led containership owner back at the table with shipyards to discuss delays and even conversions to bulkers. Cash injection in the works.
  • 'Reasonable' price
    Statoil cheers fixtures of Diamond Offshore and Saipem drilling rigs at 2006 levels.
  • Feeder tie-up
    Northern Europe boxship feeder operator Unifeeder buys a smaller rival InterMarine Container Lines Container Lines (IMCL).
  • Seven down
    Polys Haji-Ioannou scraps fourth VL to take his tanker torching to seven this year.
  • Cooking the books
    Former Novoship boss Tagir Izmaylov accused in court of telling finance chiefs to inflate ship sale profits to get deals through.
  • Discharge hold-up
    Avin International chemical tanker with suspected discharge violation among five vessels detained at US ports in October.
  • Sanko sells trio
    Handymax bulker sisterships gone to undisclosed buyers in deals netting Japan's Sanko Steamship $43m.
  • Rubber-stampers
    Former Novoship finance head Vladimir Oskirko claims owner's general board merely waved through S&P deals already concluded by his boss Tagir Izmaylov.
  • Nine in line
    Maersk Line to lay-up another nine boxships by year end, taking its idle tally to 25.
  • FreeSeas to buy?
    Ion Varouxakis-led Greek bulker owner could acquire tonnage after latest refinancing deals.
  • ISC buys three
    Niels M Johnsen-led International Shipholding Corp pays $90m for trio of handysize bulker newbuildings.
  • Divi to return
    As it reports a fall in third quarter profit Knightsbridge Tankers says it aims to reinstate shareholder payouts in 2010.
  • Victory denied
    Rainy Sky wins Jinse newbuilding refund guarantee payout but Blystad and Metrostar keep the outlook misty.
  • Rig rescue
    US Coast Guard comes to the rescue of two men after liftboat damages platform.
  • Caper challenge
    Massive orderbook will keep the lid on freight rates for large capesize bulkers, DVB report says.
  • Bulkers attacked
    Cosco ship one of two panamaxes to escape hijacking in Gulf of Aden on Thursday.
  • Sea scenes
    Mountainous seas, a bulbous bow sun lounger and bioluminescence figure in the latest entries to TradeWinds' Photographer of the Year contest.
  • NAT lifted
    Higher dividend hopes and an earnings boost from suezmax purchase lead JP Morgan to raise its rating on New York listed owner.
  • Still at zero
    Niels Smedegaard-led DFDS still sees no profit annual profit but volumes nearing 2008 levels as quarter 'better than expected'.
  • Maersk misses
    AP Moller-Maersk posts larger than expected nine month loss as container line suffers reversal of over $1.5bn.
  • STX eyes recovery
    Near future of dry-bulk market not a "silk-covered playground" but demand forecast "not quite bad", Korean owner claims.
  • MPC still red
    Axel Schroeder-led MPC Capital chalks up nine month loss as ship investment crashes.
  • NYK's cash grab
    Japanese giant to raise over $1.5bn from huge share issue.
  • Floating down
    Japan's Modec sees slumping sales dent third quarter bottom line.
  • Small hope
    Mini-bulker owner Wilson eyes positive signals in the market after return to profitability in Q3.
  • Namura soars
    Japanese shipbuilder keeps lofty annual profit forecast intact as half-year sums impress.
  • VLOCs confirmed
    Yard or yards still unnamed as STX Pan Ocean finally comes clean on $880m octet order, launches bond offering.
  • STX slashed
    Korean owner's profit at a tenth of a year ago despite cargoes rising as rates slashed.
  • Danaos dips
    Greek container leaser sees third quarter profits slide on increased interest rate swap contract losses.
  • Smit snapped up
    Boskalis' on-off pursuit of Dutch outfit finally comes to a head with EUR60 per share offer.
  • Aegean ahead
    Nikolas Tavlarios-led bunker player reports jump in both third quarter and year-to-date profits.
  • Danaos gives in
    Greek liner owner says it has agreed to new reduced charter rates on six ships fixed to Zim.

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American Shipperweb site
NOVEMBER 12, 2009
  • Maersk Line losses top $1.3 billion
  • NYK Line to sell shares worth $1.6 billion
  • SCI eyes exit from container business
  • DHS: Chem-bio detection in containers lags
  • BirdDog Logistics buys Churchill Transport
  • Dye heads Asia-Pacific for Ecu-Line

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The Scandinavian Shipping Gazetteweb site
NOVEMBER 12, 2009
  • Norwegian minister urges shipyards to prepare for tough times
    "We can't order ships that there is no demand for", said the Norwegian minister of Trade and Industry Trond Giske in the Norwegian parliament Stortinget, NTB reports. Norwegian shipyards have
  • Norwegian patrol units fired upon
    In the afternoon yesterday shots were fired at two patrol vessels from the Norwegian frigate Fridtjof Nansen, 83 nautical miles from Boosaaso. The Norwegian crew was unharmed. The patrol vessels
  • Strike on Turku Shipyard
    The workers of STX Europe Turku Shipyard laid down work on Wednesday after receiving information that more than 400 yard employees may lose their jobs. The strike will continue the
  • Latvian Captain banned from Danish waters
    A 52-year old Latvian captain has been banned from sailing in Danish waters for the coming twelve months as a part of a sentence for being drunk when manoeuvring
  • Mærsk Group posts heavy losses
    The A P Møller-Mærsk Group and especially the liner service Maersk Line has been hit hard by the global economic crisis in the first nine months of 2009. The

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The Bunker Bulletinweb site
NOVEMBER 12, 2009
  • Prices lack direction in Europe
    NYMEX showing losses of more than $2 in early trading.
  • Oil falls on swelling US oil inventories
    Crude down by more than $2 per barrel in New York.
  • Fujairah prices still firming
    While Durban bunker prices weaken.
  • Physical hedging 'key to managing risk'
    Companies must adopt 'appropriate level of conservatism', says O.W. Bunker.
  • Volumes increasing at St. Petersburg export facility
    Off-shore facility specialises in fuel oil transshipments.
  • Singapore fuel oil stocks swelling
    Data shows onshore inventories of residual product at 10-week high.
  • Maersk introduces 'super slow steaming'
    World's biggest container fleet sees bunker consumption down by 13%.
  • Key ports hit new 13-month highs
    Weak to average demand as market stays mostly firm.
  • Dan-Bunkering takes new bunker trader
  • Fuel testing agency points to bunker savings
    'Proper bunkering procedures' can cut fuel costs by almost 10%.
  • Chinese box firm embarks on fuel savings
    Company hopes for savings of 1 million yuan per year.
  • Refinery maintenance supporting European fuel oil
    Lack of arbitrage demand may be pulling in the opposite direction.
  • Oil 'to stay below $70' in 2010
    Prices at $70 levels would encourage production, says JP Morgan Chase.

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