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03 April 2020 The on-line newspaper devoted to the world of transports 00:50 GMT+2

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The Business Timesweb site
MARCH 20, 2009
Shipping News
  • Norway shipping body stresses ties with S'pore
    THE close maritime ties between Singapore and Norway were emphasised yesterday at the Sustainable Marine Transportation Conference 2009, where industry leaders shared their views on the challenges facing the industry.
  • Maersk aims to cut costs by additional US$1b
    Danish shipping and oil group AP Moller-Maersk plans to cut costs by US$1 billion this year in addition to cuts it has already announced, its chief executive said on Wednesday. 'The world has changed, and we have to adjust to the new global reality. We cannot go on doing business as we have done until now,' Nils S Andersen told the company's employee magazine, the Maersk Post.
  • LNG tanker rates fall on increase in vessels
    Charter rates for liquefied natural gas tankers on short-term hauls declined 17 per cent last year because of an increase in new vessels, Poten & Partners said.

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Sched Netweb site
MARCH 20, 2009
  • TSA lines call for sustainable rates to avoid "potential catastrophe"
  • CMA CGM takes delivery of mega eco-ship with oil recovery system
  • Sichuan box volume to reach two million TEU by 2012
  • DB Bahn test box train: Ljubljana to Istanbul in 37 hours
  • GPA gains clean air grant of US$250,000
  • Canadian Pacific to address National Bank Financial Transportation & Logistics Conference
  • DHL looks to contract with ABX, ASTAR as UPS deal may fail
  • ABC delivers tigers to Moscow circus
  • Air China to resume Beijing-Madrid-Sao Paulo service

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Exim Indiaweb site
MARCH 20, 2009
  • Softlink's client roster swells
  • Essar Shipping draws up $1-bn expansion plan
  • Dwindling freight rates may make shipping lines poorer by $ 70 bn in 2009
  • CMA CGM's new 11,400-TEU boxship equipped to prevent marine pollution
  • TT Club to work with PEMA on designing safe port equipment
  • Import duty on soya oil on way out
  • Ore export orders from China drying up
  • Pulses exports banned for another year
  • Gandhidham Chamber holding ex-im seminar on Sunday
  • China moves WTO against India's curbs on toys
  • Krishnapatnam Port Co. ties up funds for Phase-II
  • Gati ends Boeing lease deal with AI
  • IMF downscales India's GDP growth rate
  • Need for well-developed forex derivatives market stressed
  • Holdings in US Treasury securities shoot up

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International Transport Journalweb site
MARCH 18, 2009
  • Skylink Handling gains Tapa A status
    Skylink Handling Services Amsterdam was awarded Tapa A status by the Transported Asset Protection Association (Tapa) in February. The certificate shows that an organisation can tra...
  • Martinair Cargo offers new Amsterdam-Sao Paulo link
    Dutch cargo carrier Martinair Cargo launched a twice-weekly (Mondays and Thursdays) MD-11F service from Amsterdam to Sao Paulo early in March. The cargo is expected to consist of c...
  • Singapore Airlines Cargo with new Sao Paulo freighter service
    Singapore Airlines Cargo began a Sao Paulo, Quito and Bogota connection in February. The services are operated with Boeing B747-400 freighters. The flight departs Brussels on Satur...
  • Finnair raises frequency to New York
    Finland's flag carrier Finnair has added three additional flights between Helsinki and New York JFK from June to September, bringing the number of Finnair's weekly services on this...
  • Economic situation getting worse in German logistics industry
    The business mood in Germany's transport and logistics industry was characterised by the crashing economy and the expected effects of the increased truck toll in the fourth quarter...
  • Transnatur and Sifte Berti to collaborate
    Spanish transport and logistics group Transnatur has entered into an exclusive collaboration agreement in Spain and Portugal with transport and logistics service provider Sifte Ber...
  • Dachser expanding in Magdeburg
    The German logistics service provider Dachser is reacting to growing demand for logistics services in the Marburg region by investing EUR 6 million in the expansion of its Magdebur...
  • Mann+Hummel trusts in Ceva Logistics
    Ceva Logistics, a leading global supply chain management company, has renewed an aftermarket logistics contract with Mann+Hummel, one of the leading manufacturers of filtration and...
  • System Alliance Europe expanding in Lithuania
    System Alliance Europe recently welcomed its 48th partner to the network - Rhenus Svoris from Lithuania. Now the European groupage cooperation has a presence in 23 countries. Rhenu...
  • Regular container handling commences in Kiel
    Regular container handling began in Kiel in mid-March with the arrival from Riga on board the "Vera Rambow" of the first 100 teu in the port's Ostuferhafen. The service between Rig...
  • February cargo figure reflects slump
    The ongoing economic troubles were reflected in the port of Long Beach's docks in February, as the movement of cargo containers slowed by 40% to the lowest level since 2004. Port s...
  • Italy speeding up Tirrenia privatisation
    The Italian government has approved a decree to speed up the privatisation process of the ferry group Tirrenia. Credit Suisse will advise on the sale of the stake held indirectly b...

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Maritime Global Netweb site
MARCH 19, 2009
  • Bangladeshi breakers may have to close
  • Eitzen set to sell duty-free business
  • TT teams up with PEMA
  • Eitzen Chemical loan deals changed

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Marine Logweb site
MARCH 19, 2009
  • Pirates seize Greek-owned bulker
  • Construction set to start on Chouest LaShip shipyard
  • Gulf lease sale attracts $703 million in high bids
  • Ocean Rig deepwater semi to drill in Black Sea
  • Superferry looks beyond Hawaii

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World Wide Shipperweb site
MARCH 19, 2009
  • Oregon governor praises OTC for using federal stimulus dollars
  • Union Pacific hit with fines for drugs shipped from Mexico
  • Insurance club calls for safe port operating equipment
  • NAFTA partner trade increases during 2008
  • Customized Brokers opens new West Coast operation

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Lloyd's Listweb site
MARCH 20, 2009
  • OSG shares slide on earnings downgrade
    ZACKS halves OSG's EPS projection for 2009 on impairment charges, sending share price to 52-week low.
  • OSG blames loss on US unit and Maritrans
  • OOIL profits halve, flags 'poor' outlook
    OOIL sees 2008 underlying net profits halve to $272.3m on higher costs and a drop in demand.

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Fairplayweb site
MARCH 19, 2009
  • Appeals court rules on Rule B
    THE US 2nd Circuit Court of Appeals issued a game-changing decision today that should stem the tide of 'Rule B' asset attachments in New York
  • Builders warn on cruise gap
    EUROPEAN cruise yards fear their subcontractor networks could be seriously impacted if there is a lengthy gap in cruise newbuilding orders
  • German shipowner Kniffka dies
    GERMAN shipowner Harro Kniffka, founder of Bremen-based shipping companies Hanseatic Lloyd and Hansa Mare, died last Monday following a short but severe illness, it emerged today
  • TEN ready for challenges
    TSAKOS Energy Navigation logged record profits in 2008 and assured that it's well-positioned to ride out a weaker tanker market this year
  • Chinalco challenge for Rio chairman
    RIO TINTO'S newly-appointed chairman Jan Du Plessis is facing immediate problems with Chinalco's proposed $19.5Bn investment, after prominent Australian politicians ramped up public opposition to the deal
  • Excel in covenant squeeze
    BULKER owner Excel Maritime has been forced to delay its year-end earnings release as negotiations drag on with lenders over covenants
  • DP World takes over Algiers port
    DP WORLD has today taken control of operations at the Port of Algiers, which will now be known as DP World Djazair

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The Journal of Commerceweb site
MARCH 19, 2009
  • U.S.-Canada Border Traffic Slumps
  • Earl Industries Wins Marad Contract
  • Greenbrier Files for Bankruptcy
  • Clothing Retailer Vows Inventory Cuts
  • French Strike Rocks Ports, Rails
  • Coca-Cola Disputes Chinese Veto
  • Leading Economic Index Falls in February
  • Lufthansa Cargo Tightens Belt
  • Japan Forwarders Fined for Price Cartel
  • Rail Traffic 'May be Bottoming'
  • Long Beach Boxes Drop 40 Percent
  • India's Ports See Little Growth
  • BAA Must Sell Stansted, Gatwick, One Other
  • U.S. Sues Union Pacific Over Drugs
  • Dutch Firm Buys Prince Rupert Tug Operator
  • FedEx Profit Dives 75 Percent
  • Maersk Hikes Australia-Asia Rates

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Containerisation Internationalweb site
MARCH 19, 2009
  • Far East/ECSA rationalisation plan
  • Japan and Peru plan free trade agreement
  • TT Club wants safer cargo handling equipment
  • TPT centralises Navis management system
  • Chavez takes control of Venezuela's ports

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TradeWindsweb site
MARCH 19, 2009
  • Seanergy in red
    Non-cash charges lead bulker owner and Nasdaq newcomer to post $32m loss for 2008.
  • Layoff warning
    American Steamship Co tells New York state officials it could launch job cuts.
  • LNG for Brazil
    Petrobras inaugurates the country's second LNG terminal as commissioning cargo unloaded.
  • DryShips buoyed
    Rig deal sends Nasdaq-listed stock soaring as rig contract promises earnings boost.
  • Five strikes?
    Dahlman Rose downgrades Excel Maritime to "sell" rating as analyst cites five potential loan covenant violations.
  • Perfect TEN
    Nikolas Tsakos-led owner's tanker fleet raked in more than $200m in profits in 2008, its best ever year.
  • Alakai to leave
    After court ruling, Hawaii Superferry says its fast-ferry will find a new home, as employees face layoffs.
  • Eoseas unveiled
    STX Europe presents innovative, environmentally friendly cruiseship, with sails and onboard LNG power.
  • Turkey twizzler
    DryShips secures $630m drilling deal with Petrobras in the Black Sea.
  • Bulk cull coming
    Up to 65% of bulkers set to arrive in 2010 will be axed or delayed, HSBC says, bringing peak delivery flow forward by 12 months.
  • French fine
    Russia's North-Western Shipping ordered to pay EUR 350,000 for pollution from cargoship off Normandy.
  • Billion dollar blow
    German shipyards face loss of 29 newbuildings worth EUR 936m this year, minister says.
  • Swire's spill bill
    UK-based owner braced for "considerable number" of claimants after Pacific Adventurer spill.
  • Relief for Eitzen
    Third lender agrees to alter financing terms taking Eitzen Chemical out of breach of covenants.
  • Neverending story
    Joint bidders for ICG predictably miss take-over deadline so yet another 'ultimatum' to be set.
  • IPO back on?
    Cochin Shipyard's long-delayed sell-off dependent on national elections in April and May.
  • Smit buys rival
    Dutch shipping group mounts takeover of towage firm at the port of Prince Rupert, Canada.
  • 'Don't default'
    Bulker owner Jinhui vows to hunt down charterers who breach contracts as it admits to payment delays from "weaker" players.
  • Kingston launch
    First Jamaican-owned liner service to the US begins on Friday.
  • Atomic blast
    Manager of Russia's nuclear-powered icebreaker fleet launches claim against Zvezdochka yard for missing cash.
  • Arctic time-out
    Exxon Valdez anniversary reignites calls for halt of Arctic offshore activity due to inability to cope with oil spills.
  • Boxship leaks
    DS Schiffahrt-owned vessel spills hydraulic fluid off Tacoma in US, leaving oily sheen.
  • Six burned
    Workers injured while cutting metal sheets on newbuilding at India's ABG Shipyard.
  • Shipshape
    Report shows one in 50 UK workers employed in '25bn maritime services sector.
  • Ships smashed
    Ro-ro and cargoship sustain hull damage in collision off Bergen, Norway.
  • Essar boost
    Indian owner's stock price jumps as much as 19% as investors see upside to group oilfield services merger.
  • Charleston bound
    National Shipping Company of Saudi Arabia adds US port to North America Liner service.
  • Hallin axes order
    UK-listed offshore company pulls newbuilding deal after yard is unable to secure refund guarantees.
  • SGX raps NOL
    Singapore liner operator reprimanded by local stock exchange for not making timely disclosures.
  • Paragon slashes
    Michael Bodouroglou-led bulker owner becomes latest shipowner to cut payout to shareholders.

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American Shipperweb site
MARCH 19, 2009
  • Grand Alliance, Zim collaboration growing
  • Confirmation hearings
  • Transpacific carriers look to raise rates
  • GAO: TSA needs to verify air cargo screening levels
  • FedEx sees 75% drop in 3rd quarter profit
  • Locke promises "urgency" in Commerce activities
  • AAEI seeks resolution of U.S.-Mexico trade rift
  • PPG, African forwarders in alliance

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The Scandinavian Shipping Gazetteweb site
MARCH 19, 2009
  • Further cruise passenger growth in Europe expected
    According to statistics published by European Cruise Council at Seatrade Cruise Shipping Miami, the number of passengers joining a cruise from a European port has grown significantly in recent years
  • Bangladeshi scrap yards face closure
    The Bangladeshi High Court has decided that all shipbreaking yards without environmental approval must close within two weeks, the NGO Platform of Shipbreaking reports. According to the NGO, none of
  • Mærsk to reduce cost dramatically
    A. P. Møller-Mærsk will cut its costs by another USD 1 billion in 2009. This is the clear message from CEO Niels Smedegaard Andersen in the latest edition of

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The Bunker Bulletinweb site
MARCH 19, 2009
  • Study predicts future of bunker fuel
    Research gives 'insight into costs of meeting new ship emissions requirements'.
  • Europe: Prices continue to rise in the North
    Strikes fail to stop bunker deliveries in French oil port.
  • Cargo volumes plummet at key US ports
    Los Angeles and Long Beach cargo throughput down by more than 36%.
  • Owner braced for bunker spill compensation claims
    'Categorically denies' accusations that it lied about the size of the spill.
  • New technology claims 'must be verified'
    Abatement technologies should be subject to 'high integrity validation process'.
  • Asia: Mixed day for bunker prices
    Demand was mostly average in the region on Thursday.
  • New head for O.W. Bunker's Piraeus-based trading team
    Staal is 'graduate' of O.W. Bunker's three-year training programme.
  • Singapore fuel oil stocks at four month-high
    Observers point to weak demand for bunker and power-generation fuel.
  • Tankers change flag for cheaper bunkers
    Lower domestic bunker prices prompt tankers to switch to Indonesian flags.
  • China offers Bunker Convention certs to HK ships
    The China Maritime Safety Administration will act as the issuing authority for Hong Kong-registered ships.
  • Hyundai signs $64 million fuel oil deal with ExxonMobil
    The South Korean refiner will supply high sulphur fuel oil to the US oil major.

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