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25 September 2020 The on-line newspaper devoted to the world of transports 15:32 GMT+2

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The Business Timesweb site
MAY 18, 2009
Shipping News
  • Baltic Dry Index extends gain for 11th week
    The Baltic Dry Index, a measure of shipping costs for commodities, advanced, extending its longest winning streak in three months amid record imports of iron ore into China.
  • Poland selling Szczecin shipyard to save jobs
    Poland said last Saturday that it will sell its state-owned Szczecin shipyard, one of the birthplaces of the Solidarity trade union which helped topple communism, to United International Trust.
  • Shipping carbon dioxide seen as big growth area
    Shipping groups are looking into providing vessels capable of transporting carbon dioxide to offshore disposal sites as part of the European Union's push to curb greenhouse gas emissions, ship industry officials say.

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Sched Netweb site
MAY 18, 2009
  • MISC to quit Grand Alliance, abandons Asia-Europe for intra-Asia
  • Less than US$1,000 moves an FEU from Hong Kong to LA
  • IMO adopts United Nations scrap yard convention in Hong Kong
  • MOL to launch Vietnam-US west coast service
  • OOCL, Yang Ming to upgrade China Pakistan Express (CPX)
  • HK down 20.2pc to 1.6 million TEU in April, Singapore off 17.7pc
  • Kuehne + Nagel partners with Audi Volkswagen in Korea
  • Cargo-Partners put green accent on Singapore opening
  • DHL invests US$12.9 million in fashion distribution centre
  • Orion Marine wins US$16 million Caribbean container terminal deal
  • China Eastern Air Holding given US$293 million more in state aid
  • China aviation makes US$260.8 million quarterly profit
  • St Louis to meet Chinese delegation to push air cargo hub
  • Aeroflot to codeshare with Mongolian Airlines

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Exim Indiaweb site
MAY 18, 2009
  • Rickmers-Linie wins AFSCA for Best Shipping Line in project cargo class
  • Odyssey of the Box-8 months later
  • YML, OOCL upgrade CPX service with Nhava Sheva call
  • Duty-free sugar imports may be continued till Oct.
  • With mountain of stocks, new govt may liberalise rice exports
  • Chinese ore buyers turn to India for supplies again
  • MoS & Port Chairmen emphasise Tribunal's Award cannot be challenged
  • Meka-Amma JV secures 4-yr contract to dredge Cochin Shipyard waters
  • CWC looks back with pride at ICD-Dashrath's 9 yrs' progress report
  • Emirates SkyCargo carries UN relief to Swat & Colombo
  • Major tax cuts in June Budget ruled out
  • Contraband products conference on May 22
  • UPA set to form government

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International Transport Journalweb site
MAY 15, 2009
  • Graveleau to assume Dachser name
    Ten years after their merger, the internationally operating logistics provider, Dachser, and its French subsidiary, Graveleau, have grown together to become a single organic entity...
  • TNT Express open new hub in Milano
    Netherlands-based postal and CEP operator TNT has invested EUR 12 million in a new 40,000 sqm mega hub at Milan's Linate city airport (Italy). The facility is located directly besi...
  • Kuehne + Nagel opens logistics centre for Audi/Volkswagen in Korea
    The German car manufacturer Audi Volkswagen recently entered into a strategic partnership with the forwarding and logistics giant Kuehne + Nagel for its warehouse management and pa...

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Maritime Global Netweb site
MAY 18, 2009
  • Piracy "insider" claims dismissed
  • MOL launches Vietnam ' US West Coast service
  • Anglo-Dutch seafarers' union formed
  • Nordic American raises $130m

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Marine Logweb site
MAY 16, 2009
  • Webb makes progress on Navy ship repair funding
  • Marinette teams with Boeing for Navy hovercraft program

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World Wide Shipperweb site
MAY 15, 2009
  • Portland Port Commission Oks PDX deicing project pact
  • Port of Camas/Washougal plans industrial park open house
  • Mitsui plans new service calling Vietnam, US West Coast
  • Public invited to attend Port of Olympia open house
  • US rail freight traffic drops during month of April

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Lloyd's Listweb site
MAY 15, 2009
  • Pacific box lines concede double-digit rate cuts
    RATE reductions for transpacific eastbound cargo "quite substantial", says Maersk Line chief Eivind Kolding.
  • Pacific box lines turn to new bunker formula
  • Teekay Tankers bullish on dividend payments
    COMPANY buoyed by healthy level of forward employment for its aframax and suezmax vessels.
  • DryShips secures loan covenant waivers
    COMPANY inks deal HSH Nordbank on a $654m facility covering 23 dry bulk vessels.

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Fairplayweb site
MAY 15, 2009
  • Maersk in major rejig
    MAERSK is making significant organisational changes in Europe and North America, according to letters to business partners obtained by Fairplay
  • Pirate networks are local, says IMB
    THE IMB has dismissed reports that pirates are allegedly making use of international contacts
  • Pan Ocean plunges
    STX PAN Ocean has suffered losses as a sharp fall in drybulk freight rates cut into turnover and income
  • Teekay spin-offs finally report
    TEEKAY'S three public spin-offs ' Teekay Tankers, Teekay LNG and Teekay Offshore ' released 2008 results this morning, three months later than they filed annual results last year
  • DryShips scores another waiver
    DRYSHIPS has obtained yet another loan covenant waiver today, as short-term debt pressures on the George Economou-led company alleviate
  • Hopes rise on delivery slippage
    LAZARD analyst Urs Dur is heartened by heavy slippage in the drybulk sector orderbook, but cautioned that "we are not out of the woods yet"
  • EU slams 'crazy' box route
    EU LEGISLATORS have slammed the time it takes to transport containerised cargo via East-West trade routes

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The Journal of Commerceweb site
MAY 15, 2009
  • UPS Looking at Bailout Impact
  • Columbia River to Get $27M in Recovery Funding
  • LA, Long Beach Imports Plunge 21.5 Percent
  • Trans-Pacific Spot Rate Falls Below $1,000
  • Industrial Output Falls 0.5 Percent
  • Wall Street Questions YRC Bailout Plea
  • DOT Unveils $1.5B in Infrastructure Grants
  • Hamburg Stevedore Volume, Profit Plunge
  • U.S., South Korea Discuss Bilateral Trade Pact
  • MOL Plans Vietnam-U.S. Loop in June
  • Senate Bill Seeks Remedy for Taxes on Exports
  • WTO Confirms Judgment Against U.S.
  • Malaysia's MISC to Quit Grand Alliance
  • Norfolk Southern Chief Reassures Shareholders
  • Yang Ming, OOCL to Upgrade China-Pakistan
  • Fitch Downgrades VPA Revenue Bonds
  • Singapore's Box Throughput Dropped in April
  • Knock on Wood: Lower Freight Rates
  • YRC Seeks $1 Billion Federal Bailout

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Containerisation Internationalweb site
MAY 15, 2009
  • Ocean carriers cast adrift in sea of red ink
    Since Lehmann Bros' collapse in September 2008 triggered the world's second and more vicious strain of credit crunch virus, we have become almost immune to bank and corporate losses stretching to infinite zeros. While most mega-banks and many corporates have been bailed-out by governments, international shipping has been left to sink-or-swim in the economic storm and unfortunately the losses are not stacked in monopoly money: they are for real.
  • Finnlines go for more Baltic services
  • Wal-Mart name Horizon, 'Jones Act' carrier of the year
  • Spain/northern Europe reefer project started
  • NWA to start direct Vietnam/WCNA services
  • OOCL's green initiatives highlighted in new guide

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TradeWindsweb site
MAY 15, 2009
  • More losses
    Teekay LNG Partners and Teekay Tankers both post fourth-quarter losses, as LNG carrier newbuildings prepare to change hands.
  • Byzantine buys
    Greek bulker owner emerges as apparent buyer of a newbuilding at IHI.
  • Master found dead
    Brazilian authorities investigate after the body of the Ukrainian master of a cargoship is found in his cabin.
  • TTA profits plunge
    Singapore-listed Thoresen Thai Agencies sees consolidated profits plunge by 95% as the company remains concerned about the bulker trade.
  • Dojima ship sold
    Panamax bulker Halo Olympus fetches $21m from unnamed Chinese buyers.
  • $3bn buyback
    US-listed rig and drillship owner Transocean to pump as much as $3.17bn into repurchasing shares.
  • DryShips reprieve
    George Economou's DryShips gets waiver on debt of $654m, its third let-off of the year
  • Growth view dips
    New York analyst cuts 2009 bulker fleet growth prediction but says forecast through 2012 sees only slight improvement.
  • Wider losses
    Non-cash charges push Teekay Offshore Partners $50.7m into the red in the fourth quarter, but CEO "excited" about potential acquisitions.
  • It's quotes time
    For once Tor Olav Troim's aim is off target and a rich Greek will be on the loose post summer.
  • Dry bulk fantasy?
    Awakening of bulker market from winter of discontent not just a myth, says STX Pan Ocean.
  • BLT net sliced
    Higher costs and lower income see Indonesian owner's bottom line fall by one fifth in first quarter.
  • STX at a loss
    Dive in dry-bulk market and poor volumes elsewhere leave red ink on STX Pan Ocean's first quarter.
  • MISC quits GA
    Severe impact on liner industry from global downturn sees Malaysian owner wave goodbye to Grand Alliance.
  • HHI short
    Korean shipbuilder's bid for trader and yard owner Hyundai Corp rejected as too low.
  • Persistent pirates
    Attacks on ships so far in 2009 have now passed the number seen in the whole of last year, but success rate is falling, IMB says.
  • Broker King dies
    Gibson's dry-cargo chief Malcolm King has died following year-long battle with cancer.
  • FBMA axes 40%
    Philippines ferry builder to lay off 79 workers as new orders prove difficult to land.
  • Outside influence
    Scan Geophysical books blockbuster first quarter but its future will be determined by others.
  • NAT will do nicely
    Follow-on offering generates $130m for Herbjorn Hansson's Nordic American Tanker Shipping as underwriters snap up stock worth $7.2m.
  • Human right?
    Scottish owner CalMac could breach European law if it does not start Sunday service to strictly Christian island of Lewis.
  • A new hope
    Shipbuilding set to continue at Gdynia shipyard in Poland after government announces sale to UIT.
  • Icy grounding
    Russian cargoship refloated after being pushed aground by ice and wind.
  • HMM turns red
    Bad start in tough first quarter markets for Korean owner as it posts big loss.
  • Hanjin revs up
    Korean shipbuilder Hanjin Heavy posts huge hike in first-quarter profit as revenues soar.
  • Edging up
    Japanese bulker owner made more cash in 12 months to 31 March, but earnings will dwindle this year.
  • More for Meiji
    Japanese tanker and bulker player still pushing up profit despite slump.
  • Bergen better
    Pal Engebretsen-led offshore group sees first quarter figures buoyed by improved shipbuilding results.
  • Laser pest
    Man admits temporarily blinding New Zealand ferry crew by aiming light beam at Interisland ship.
  • Sasebo up for now
    Japanese builder posted strong annual profit and revenues but braces for weaker year ahead.
  • Namura suffers
    Japanese shipbuilder sees annual profit slump despite sales hike but eyes recovery this year.
  • Down not out
    Japanese yard Sanoyas forecasts decent profit this year after slumping to loss in 12 months to 31 March.

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American Shipperweb site
MAY 15, 2009
  • MOL joins APL with direct Vietnam service
  • Fredriksen's TUI ambitions rebuffed
  • Bruner named vice chairman of Maersk Inc.
  • American Airlines begins Madrid service
  • Alaska Airlines to add Houston, Atlanta flights
  • Jettainer, Swiss WorldCargo extend partnership
  • DOT embraces need for intermodal freight policy
  • ATA seeks improved hazmat regulations
  • Green shoots? Analyst sees "red roots"
  • Children's products label delay request not granted
  • Senate praised for $700 million in emergency food aid
  • Soybean shippers see U.S. aquaculture research funds
  • Southern California ports' cargo slump continues

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The Scandinavian Shipping Gazetteweb site
MAY 15, 2009
  • Swedish naval forces in Gulf of Aden
    The Swedish marine today inaugurated its mission in the Gulf of Aden. The Swedish naval force, including two corvettes and one supply vessel, will contribute to the protection of vessels
  • New chairman of Danish Shipowners' Association
    The Danish Shipowners' Association (Danmarks Rederiforening) elected a new chairman at its annual general meeting yesterday. The new chairman is Lars Vang Christensen, CEO of Herning Shipping. He replaces Torben
  • Three DFDS ro-ros to be rebuilt
    DFDS Group has signed a contract with Motorenwerke in Bremerhaven to lengthen three so-called Flower class ro-ros. The first ship vessel be the Tor Ficaria, which will arrive
  • German coasters back in service
    A quartet of German-owned coasters, which had been laid up in the Port of Svendborg, Denmark, have left their lay-up berths to resume service. The four Strahlman-owned
  • Orders at Chinese yards fell 95 per cent
    Orders placed at Chinese yards fell 95 per cent during the first four months of 2009, according to Bloomberg, quoting the Chinese Ministry of Industry and Information. Orders from January
  • 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 15, 2009
  • Prices flat to soft in key ports as week ends
    Demand healthy as bunkers fall back from early-week highs.
  • Olympic Tug & Barge Company fined
    Washington State Department of Ecology urges owners to check their vessels.
  • Calls for dual-tug escort for double-hull tankers
    Senators say the 'existing safety system must not be compromised'.
  • Prices end week steady in the North
    Meanwhile in South Europe, bunker prices in some ports were dropping by double digits.
  • Export duty to rise in June
    Russian fuel oil tariff to go up by nearly 10%.
  • ARA fuel oil stocks fall again
    Stocks of gas oil, meanwhile, are at record high.
  • Weak Q1 sees Aegean shares slip
    Analyst describes falling share price as an 'excellent buying opportunity'.
  • Bunker prices mixed
    Singapore bunker prices rebounding Friday.
  • Smaller players could be 'squeezed'
    An 'avalanche' of business failures could be building as global economy falters.
  • Indian refiner sells cargo to BP
    380 cst cargoes slated for June lifting sold at discount.
  • JTC delays Singapore rock cavern project
    Tender for operator of underground oil storage facility called off.

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