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25 September 2020 The on-line newspaper devoted to the world of transports 14:44 GMT+2

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The Business Timesweb site
MAY 15, 2009
Shipping News
  • Mercator '09 profit rises 45% to US$75.8m
    Indian-owned dry bulk shipping company Mercator Lines (Singapore) had a stellar year, posting a 45 per cent rise in full-year FY2009 net profit to US$75.8 million on a 27 per cent increase in revenue to US$186.1 million as both vessel day rates and operating days rose over the full-year period.
  • NOL container unit to serve Vietnam
    Neptune Orient Lines container unit APL yesterday took a punt on the relatively still buoyant Vietnamese economy with the launch of a new weekly direct container shipping service linking Vietnam and the West Coast of North America.
  • Kaohsiung port sees signs of export slump bottoming out
    Taiwan's major international port is seeing signs that an export slump is near bottom, with a plunge in container traffic tapering off and workers in this industrial city taking less unpaid leave.

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Sched Netweb site
MAY 15, 2009
  • Dyrbye new Safmarine CEO, Heesom-Green becomes Maersk's Africa chief
  • Singapore boxes down 17.6pc in April and off 5pc from March
  • Cosco abandons Evergreen's Far East-Mideast loop
  • IMO holds Hong Kong conference on ship scrap yard rules
  • Toll to buy China Merchants' Shenzhen logistics firm
  • Panama Canal tie-up station allows an extra transit a day
  • Kaohsiung port box volume surges thanks to cross-strait direct shipping
  • NY, NJ ports see Q1 volumes decline a record 17.4pc
  • CAI delivers weaker results for box leasing on lower utilisation
  • DP World forms JV with Flinders Ports to operate Adelaide CT
  • DP World equity infusion expected in PE share sale
  • Bipartisan US tariff bill revived over RMB value and dumping
  • Poland's DCT Gdansk shows off heavylift capabilities
  • 3L-Leemark opens new Turkey office
  • Nippon Express plunges, but 2009 looks better after fine paid
  • Tennessee's Tri-Cities air cargo down 95pc after DHL pullout
  • Aloha Air Cargo celebrates first year at new Kahului facility
  • Mercury Air Cargo launches cargo handling arm

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Exim Indiaweb site
MAY 15, 2009
  • Far Shipping (India) launched
  • Baltic Dry Index posts biggest weekly gain in 3 months
  • VSAA takes initiative to hold shipping & logistics awards function
  • 29 pc drop seen in India-China trade
  • Import surge sinks steel prices
  • Nafed buying onions to hold prices
  • Cochin Port users urge unions to end stir
  • Gujarat maritime police to get bullet-proof vessel
  • Ficci presents Budgetary formula to give growth an impetus
  • Re. firms up vis-'-vis $
  • Fieo spots economic recovery signs amidst production dips
  • IMC's handbook on handloom textiles standards released
  • PM confers with economists on dismal IIP show
  • Planners get on with their task

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International Transport Journalweb site
MAY 13, 2009
  • Toll invests in China
    The Toll Group has agreed to acquire full ownership of Shenzhen (China)-based ST-Anda Logistics. The company has reached agreement with the China Merchants Group to acqui...
  • Menlo gets new contract in Mexico
    Menlo Worldwide Logistics has been selected by Dana M'xico Corporacion S. de R.L. de C.V., the Mexico-based operation of the automotive industry supplier Dana Holding Cor...
  • SIL Barcelona: Pre-Register for free without waiting in line
    Attending the SIL Barcelona is easier than ever before, as you can pre-register for free without waiting in line. The organization of SIL and ITJ Logistics Worldwide invi...
  • Peter Gerber to succeed Roland Busch at Lufthansa Cargo
    Peter Gerber has been nominated for a seat on the executive board of Lufthansa Cargo by the steering committee of the company's supervisory board, with effect from 1 June. As the b...

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Maritime Global Netweb site
MAY 14, 2009
  • Intertanko spells out greenhouse gas goals
  • Rieber posts Q1 loss
  • Chemoil profit soars
  • ISF launches careers DVD

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Marine Logweb site
MAY 14, 2009
  • GAO: Navy programs ignore commercial yards' best practices
  • Navy budget faces rough ride
  • ASA honors Senator Jack Reed
  • Crowley Maritime makes changes
  • Navy seizes pirate mother ship
  • Massive job cuts at Wärtsilä

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World Wide Shipperweb site
MAY 14, 2009
  • Senator Murray nets funding for Columbia channel project
  • Crowley making changes to management structure
  • Fred Potter named head of Teamsters' Port Division
  • Port of Portland honored for safety/health achievements
  • Lloyds List taps Leander as new editor-in-chief

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Lloyd's Listweb site
MAY 14, 2009
  • Climate protesters train their sights on shipping
    LOBBY groups target International Chamber of Shipping in series of events in run-up to Copenhagen.
  • Intertanko says emission scheme must be industry specific
  • End looms for some KG funds, says Hansa board member
    Lack of investors could wipe out weaker funds but KG model secure.
  • Ship Finance delays boxships as net income falls 33%
    COMPANY delays delivery and payment of five newbuilds as net income slides.

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Fairplayweb site
MAY 14, 2009
  • US shipping execs jailed
    FOUR FORMER Jones Act box trade executives have been sentenced to lengthy prison terms, a Justice Department spokesperson confirmed to Fairplay today
  • MCA boss Cardy under fire
    MANAGEMENT of the Maritime and Coastguard Agency in the UK came under fire today as there were calls for immediate improvements within the organisation
  • Officers union opposes ship guns
    MEMBERS of the new Anglo-Dutch maritime professionals union Nautilus International have been strongly advised not to carry weapons on board ship for defence against piracy
  • Hansa Treuhand sees no funding gap
    GERMAN box ship owner Hansa Treuhand is not expecting any liquidity shortages among its 84 vessels this year
  • Knightsbridge suspends dividend
    KNIGHTSBRIDGE Tankers will not pay its quarterly dividend, in an effort to conserve cash for its foray into the drybulk sector
  • Singapore throughput slumps again
    BOX volumes have continued their downward spiral in the world's busiest container port of Singapore
  • NCL returns to profit
    NORWEGIAN Cruise Line returned to profitability in its first quarter, after suffering huge losses last year

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The Journal of Commerceweb site
MAY 14, 2009
  • Congress Gives FMC '+' Grade
  • Fredriksen Fails to Oust TUI Board Members
  • Truckers Sue Minnesota Troopers
  • APL to Launch Vietnam ' U.S. Service
  • Deflation Picks Up Speed
  • Sri Lanka Extends Bidding for Terminal
  • Jet Fuel Consumption Slides
  • AeroLogic Takes Delivery of First Freighter
  • Recession Hits Great Lakes Hard
  • Rails Jolted by May Slump
  • Senate Bill Cuts Highway Money
  • Lawmakers Introduce Currency Reform Bill
  • China Shipping Eyes Second Half Gains
  • Express-1 Takes Profit Hit
  • Nippon Cargo Resumes NY Flights
  • Japanese Airline Cargo Nosedives in March
  • CEO of YRC Logistics to Leave Company
  • Eimskip Sells Containerships Stake

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Containerisation Internationalweb site
MAY 14, 2009
  • ICG's shortsea box volumes plunge by a third
  • 500 newbuilds cancelled in downturn
  • Zim to pay USD29 million in shipyard cancellation fees
  • TUI staves off another attack from Fredriksen
  • Eimskip sells up at Containerships, at a loss

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TradeWindsweb site
MAY 14, 2009
  • NCL logs a profit
    Norwegian Cruise Line returns to profit in first quarter as bookings look strong.
  • Mothership caught
    South Korean and US forces respond to distress call from Egyptian panamax bulker and detain 17 suspected pirates.
  • 11 vessels lost
    Tidewater execs say Venezuela's Pdvsa has taken over 11 offshore vessels, with crew, and a shore base.
  • Merrill man moves
    Top investment banker Mark Friedman to become new head of shipping at boutique New York bank Evercore.
  • Aegean profits dip
    Peter Georgiopoulos-led bunker supplier misses Wall Street expectations as it ratchets back sales to avoid counterparty risk.
  • SFI postpones
    John Fredriksen-controlled shipowner reports worse-than-expected profits and reveals postponement of five boxship newbuildings.
  • IEA cuts forecast
    Oil demand outlook for 2009 falls by 200,000 barrels per day as fundamentals continue to look weak.
  • Wilson worried
    Norwegian mini-bulker player starts talks with banks to avoid covenant breaches at the end of June.
  • Torm two sold
    Danish shipowner pockets $15.4m following sale of panamax bulker brace.
  • Divi gassed
    Harry Vafias' StealthGas drops shareholder payouts amid bleak outlook as results beat estimates.
  • That's your lot
    Knightsbridge calls a halt to dividends after 36 unbroken quarters due to newbuild finance uncertainty.
  • Offshore gloom
    Farstad Shipping, headed by Karl-Johan Bakken, says newbuilding cancellations won't save the market as it posts strong first quarter.
  • Reefer refloated
    Norwegian vessel Framnes pulled free near Muuga in Estonia after grounding.
  • Eimskip sells out
    Struggling Icelandic line offloads 65% holding in Finland's Containerships for $31m loss to cut debt.
  • Heavy profit
    Heavy-lift player Dockwise enjoys big earnings jump in first quarter as it gets busy with rig moves.
  • Pirates take crew
    Nigeria's MEND group says it has snatched crew of ship 'Spirit' with second vessel and crew said to have been seized.
  • Safmarine attack
    Pictures show damage to second Safmarine ship in a month to be attacked by Somali pirates.
  • Rieber in red
    Sven Rong-led offshore owner is talking consolidation after seeing first quarter bottom line flattened by weak market.
  • Capacity squeeze
    Simon Stonehouse sees hull rates on the rise as financial crisis bites.
  • CGG misses
    Robert Brunck-led offshore operator's first quarter profit drops as it misses analysts' forecasts.
  • Optimistic Olgas
    Rosgosstrakh marine duo find Greece is a good place to do hull and P&I business.
  • Look-outs rapped
    Complacent watchkeeping on UK cargoship and Egyptian bulker blamed for clash off Kent.
  • Good at being bad
    Veteran broker Hans-Petter Henschien speaks frankly on the good and the bad guys.
  • Hard times
    Cash call pain fails to convince Greeks of merit of national P&I club.
  • Another case?
    Crew member quarantined on Carnival cruiseship in latest swine flu scare.
  • Protection time
    Shipowners cannot fight the pirate threat alone, warns Tsakos manager Charalambos Hajimichael.
  • PSL sells again
    Another elderly handysize bulker leaves Precious Shipping's fleet, this time for $3.05m.
  • No cash calls
    Gard chief Claes Isacson rules out asking members for more despite troubled financial markets.
  • Kansai plunges
    MOL-owned ferry player sees first quarter turn red, but better times are ahead.
  • Still on course
    George Tsavliris sees no signs so far of recession driven upturn in casualties.
  • Eitzen seeks deal
    Norwegian chemical tanker owner still in talks with banks over debt as it cuts first quarter losses.
  • Smit rescued
    Thunderhorse settlement prevents drop in first quarter profit as Smit as recession hurts its salvage and harbour towage units.
  • Athens adieu
    John Tzoannos finds Marine Risk Forum a perfect brainstorming event.
  • Citi down on DSME
    Too many unknowns about ownership, the lack of fresh orders and other issues keep Daewoo a sell.
  • Hurt fades
    Norwegian cruiseferry business Hurtigruten cuts losses in first quarter as its restructuring begins to pay off.
  • Wartsila cuts
    Finnish engine builder cutting 450 of the 1,300 staff at its ship power business due to slowdown.
  • Chemoil prospers
    Singapore-based bunker supplier sees leap in first quarter profits despite declines in sales volumes.
  • Stocks pullback
    US shares take a breather as economic indicators suggest economy not bouncing back as fast as hoped.
  • Mercator minted
    Indian shipowner's Singapore-listed spin-off sees full-year profits up 45%, despite weak fourth quarter.

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American Shipperweb site
MAY 14, 2009
  • Shipping executives sentenced to jail time
  • Coast Guard issues security directive
  • APL starts direct Vietnam/WCNA
  • DOT to seek RFPs for $1.5 billion grant program
  • Great Lakes traffic slumps in April
  • U.S. pork exports to Mexico strong before swine scare
  • BSI acquires SCSD, C.I.
  • DHL building Hong Kong center for apparel
  • Long Beach gets go-ahead on Middle Harbor development
  • Potter named head of Teamsters' Port Division

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The Scandinavian Shipping Gazetteweb site
MAY 15, 2009
  • Maersk Line abandons Göteborg
    Last year, Maersk Line merged several of its business areas and set up a regional office for the whole of Northern Europe with the head office in Göteborg ' now, the
  • Wärtsilä cuts hundreds of jobs
    Wärtsilä is adjusting its Ship Power business to reflect the current market situation by reducing the number of jobs by 400 to 450 persons, of which approximately 80 are in
  • Containerships back to Finland
    Eimskip will sell its shares in Helsinki-based Containerships Ltd Oy to the minority owner Container Finance Ltd Oy. The transaction is a part of the financial restructuring of Eimskip
  • Sweden criticised by NGO
    The NGO platform on shipbreaking accuses the Swedish government of accepting toxic shipbreaking on the beaches of poor countries by giving the green light to the IMO convention on shipbreaking
  • Finnlines to open passenger service to Poland
    Finnlines will start up a service between Helsinki and Gdynia with ro-pax vessels in the Finnstar class. Finnlines recently transferred two of these vessels from Nord' Link's service between

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The Bunker Bulletinweb site
MAY 14, 2009
  • $60 oil 'not supported by fundamentals'
    IEA says oil stocks are at 16-year high, demand forecasts revised lower again.
  • Prices in North Europe follow crude down
    Southern Europe bunker prices more mixed.
  • INTERTANKO discusses market-based GHG controls
    Says it 'should be governed by the IMO and be specific for the shipping industry'.
  • Bunker industry prospects are 'pretty tough'
    Global shipping market has seen an 'unprecedented collapse'.
  • Bunker prices fall in most key ports
    Singapore bunker prices fell the most compared to other Asian ports.
  • Singapore residual fuel stocks dip
    Middle distillate inventories rise.
  • More bunker storage needed
    Fuel quality issues 'greatest uncertainty' facing bunker players in Western Mediterranean.
  • Stocks build in East China on low demand
    Bonded bunker fuel oil inventory surge 75% in one week.
  • Chemoil profits surge 283%
    First quarter sales volume, however, was down 23% from a year ago.
  • Aegean Q1 profits down 41%
    Sales volume up by close to a quarter due to higher sales in Greece and Singapore.

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