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02 June 2020 The on-line newspaper devoted to the world of transports 11:33 GMT+2

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The Business Timesweb site
NOVEMBER 20, 2009
Shipping News
  • Tanker ops drag down Norden profit
    D/S Norden A/S, Denmark's biggest commodities shipping line, said that third-quarter profit fell 69 per cent because its tanker operations lost money.
  • Nordic bags charters for accommodation vessels
    Singapore-based Nordic Maritime said yesterday it was building four premium accommodation and construction vessels, having already sold one and secured long-term charters for two.
  • China to ban single-hull tankers on local routes
    China plans to ban the use of single-hull oil tankers for domestic shipping in a move to prevent potential environmental damage, an official from the Ministry of Transportation said on Wednesday.
  • Maersk ship fends off Somali pirates' attack

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Sched Netweb site
NOVEMBER 20, 2009
  • New World, Grand Alliance to cut capacity, combine Pacific loops
  • Evergreen to increase rate from Europe to Asia, Australia
  • CMA CGM expects to break even by January, profit next year
  • Civilian contractors repel second pirate attack on Maersk Alabama
  • 13,346-TEU CMA CGM Christophe Colomb docks at Shenzhen's YICT
  • APL offers transpacific service from Shenzhen's CCT
  • Maersk CEO: 'Most turbulent years in the history of liner shipping'
  • Guangdong's cargo checkpoints to start 24-hour clearance service
  • St Petersburg First Container posts sharply narrowing loss in October
  • First mate tells of six months in pirate captivity
  • Vladivostok throughput drops 17pc January to October
  • Panalpina wins lucrative Weatherfold, Halliburton business
  • Purfresh to deploy United Technologies hi-tech reefer system
  • Shenzhen's air cargo capacity to be increased by 50pc
  • United Airlines plans to raise US$810 million from bond issue
  • China Eastern Airlines launches Nagoya-Nanjing service

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Exim Indiaweb site
NOVEMBER 20, 2009
  • CMA CGM reports significant recovery in operations
  • Perspectives, strategy & routes open up during conference
  • Move to establish minimum safety norms for quayside crane handling
  • By outsourcing design engg to India, global automakers set to ride on fortune
  • India, Canada set up group to work out CEPA
  • Preliminary dumping duty on DVD-R proposed
  • Pankaj Kumar takes over as GMB's Vice-Chairman & CEO
  • Port workers hold out strike threat
  • Rlys mulls setting up cold chain project at Singur
  • Steel Minister, Secy at variance on iron ore export ban
  • Unhappy with Direct Taxes Code, CBDT seeks thorough review!
  • Phased withdrawal of stimulus packages assured
  • Infrastructure projects get $ 700-m ADB loan
  • Plan panel member calls for competitive manufacturing models
  • Foreign entities entitled to lower capital gains tax, rules ITAT
  • Transfer pricing: Safe harbour rules in for further delay
  • Columbia to ease visa rules for Indians

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International Transport Journalweb site
NOVEMBER 18, 2009
  • Roland Kownatzki new COO of Gondrand Switzerland
    Roland Kownatzki was named as the new COO of Gondrand Switzerland on 1 November. Kownatzki, who will report directly to Giancarlo Bezzola, the Gondrand group CEO, started his trans...
  • Wuhan to build country's second-largest inland port
    The government of Wuhan has given the green light for the construction of an inland port, which should become China's second-largest after the one in Nanjing. The new centre will b...
  • Marseille's sea wall under repair
    Work has started on a five-year EUR 20 million project to renovate Marseille's sea wall protecting the port's eastern harbour, with repairs to the first 50 m section now complete. ...
  • Gondrand Atege opens Norddeutsche Seekabelwerke centre in Germany
    Gondrand Atege, a member of the Basel-based Swiss transport and logistics group Gondrand, opened a new 6,000 sqm logistics centre for Norddeutsche Seekabelwerke (NSW) in Nordenham ...
  • DHL consolidation centre contract extended at Heathrow airport
    Heathrow Airport Ltd (HAL) recently extended a DHL Supply Chain contract for the operation of the Heathrow Consolidation Centre (HCC) to October 2012. The EUR 25 million agreement ...
  • Panalpina receives award from Sigma-Aldrich
    Sigma-Aldrich, a leading life sciences and high tech enterprise, has awarded the Basel-based Swiss forwarding and logistics provider Panalpina an award for continued global excelle...
  • Cargofresh opens insolvency proceedings
    The German service providers Cargofresh and Cargofresh Engineering have opened insolvency proceedings, with all commercial activities being continued for the moment. The companies ...
  • Bill Stern elected South Carolina ports authority chairman
    Bill Stern has been elected to a two-year term as chairman of the South Carolina State Ports Authority (SCSPA), beginning in January 2010. Stern, the owner and president of the rea...
  • Airbus wins commitments worth billions at Dubai Air Show
    Airbus announced commitments made to purchase aircraft from its 33 aircraft product range worth more than USD 5.3 billion at the 2009 Dubai Air Show. The commitments include firm o...
  • Emirates to support new carrier Senegal Airlines
    The Senegalese government and the Emirates aviation group announced a joint agreement recently for Emirates to support Senegal Airlines. The government launched the new carrier, wh...
  • CMA CGM debt rescheduling results expected in December
    Shipping line CMA CGM's financial situation remains tense, but at least the time pressure in the corporation has eased a little recently. The date for the completion of its debt re...

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Maritime Global Netweb site
NOVEMBER 19, 2009
  • Box consortia in joint Pacific service
  • Cargoship Maritime in time charter talks
  • TEN joins SEAaT
  • Intertanko to study market based instruments

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Marine Logweb site
NOVEMBER 19, 2009
  • Donjon sells interest in Port Albany terminal
  • U.S. condemns ransom payments to pirates
  • Salvage crews free grounded Crowley barge

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World Wide Shipperweb site
NOVEMBER 19, 2009
  • Alliance carriers plan cuts to New York Express service
  • Panama Canal calling for vehicular crossing project bids
  • Tsakos selling pair of vessels
  • Hamburg Sud changing Port of Seattle terminal
  • Titan Salvage successful in removing grounded barge

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Lloyd's Listweb site
NOVEMBER 19, 2009
  • Peter Döhle withdraws application for state aid
    German tramp owner wants to make adjustments to application.
  • Day of reckoning looms for boxship owners
    Shipowners could be staring at bankruptcy after year-end audits.
  • Critics say Hamburg ship valuations a 'fudge'
    Owners could be in for big shock at the end of the year.
  • Dover's second ro-ro terminal plans pushed back
    Move said to reflect reduction in projected demand for such a facility in current economic climate.

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Fairplayweb site
NOVEMBER 19, 2009
  • Asia/US capacity slashed
    CAPACITY on Asia/US East Coast routes will be slashed, the New World Alliance announced today
  • Bunkerers see profits off UK
    BUNKERERS are making a fortune from tankers waiting off the UK for oil prices to rise, Fairplay was told today
  • Russia to slash carbon
    RUSSIA will cut its carbon emissions by up to 25% below 1990 levels and raise fines on oil companies involved in gas flaring, IHS Global Insight reported today
  • AT triples pre-tax profits
    ACCIONA Trasmediterranea of Spain said today the sale of two ferries helped it triple pre-tax profits in this year's first nine months, against that period of 2008
  • Navios to sell more shares
    NAVIOS Maritime Partners today priced its third and largest follow-on offering of the year

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The Journal of Commerceweb site
NOVEMBER 19, 2009
  • Intermodal Trucker C&K Buys TMS, Expands
  • Five Groups Sue to Block Delaware Dredging
  • Bigger Trucks Greener in Maine, Study Says
  • Antwerp Freezes Port Dues, Concession Fees
  • Three Investors Eye CMA CGM Stake
  • Railroad Traffic Grows from Previous Week
  • OOCL Hikes Asia-Australia Rates
  • OOCL Logistics Launches Payment Audit
  • Trucking Index Improves but Remains Low
  • Changi Seeks Ground Handler
  • Leading Economic Index Climbs 0.3 Percent
  • Montana Sues BNSF over Grain Hauls
  • Air France-KLM Loses $219 Million on Cargo
  • Judge Blames Corps for Katrina Flooding
  • India's Box Traffic Drops 6 Percent
  • Ceva Logistics Profit Drops a Third
  • Committee Postpones Southers Hearing
  • Two Alliances Combine Loops for Slack Season

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Containerisation Internationalweb site
NOVEMBER 19, 2009
  • Shipping could still face big CO2 bill from Copenhagen
  • Maersk Alabama shoots from the hip the second time around
  • Rival alliances club together to cull winter Asia/USEC capacity
  • Longshoremen agree new deal
  • UASC reinforces its Asia/Middle East presence

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TradeWindsweb site
NOVEMBER 19, 2009
  • Norden upped
    Praising a "pristine balance sheet", Cantor Fitzgerald lifts Danish owner's rating to "buy".
  • Red flag?
    Tougher tanker restrictions in Venezuela could sour international owners on lucrative Pdvsa charter business
  • Maritime moods
    Readers are capturing many evocative images of life at sea as they compete to be TradeWinds' Photographer of the Year.
  • No Moon sale
    President of Greenwich-based Skaarup denies report that bulker Moon Sea has been sold.
  • Time trouble
    Antonio Zacchello linked Cargoship Maritime to renegotiate "unsustainable" product carrier period charters in bid to avoid liquidation.
  • Washington cuts
    Jonathan Whitworth-led Washington Marine Group is cutting 20% of shoreside staff.
  • $1m oversight
    Yuri Nikitin claims he did not monitor payments into his offshore bank account from co defendant Yuri Privalov in Sovcomflot corruption trial.
  • Aries to rename
    New controlling shareholders at Aries Maritime Transport plan to call it NewLead Holdings.
  • Dry shares fall
    Amid drop in broader markets and sell-off in FFAs, bulker shares give back Wednesday's gains despite flat BDI.
  • Duo for sale
    Russia lines up auctions next month for 25.5% stakes in two shipowners.
  • Balancing act
    Clarksons' Sovcomflot commissions were split between Nikitin companies through broker court hears.
  • Stolt buys VLGC
    Oslo-listed shipowner bags its first VLGC less than a month after its debut in the sector.
  • Tamils disembark
    Asylum seekers living for a month on Eidesvik's Oceanic Viking turned over to Indonesian authorities after agreement with Australia.
  • Sasco suffers
    Far eastern Russian owner sees earnings chopped in first three quarters as cargo volumes fall and costs rise.
  • Fast appointment
    Norwegian media tycoon Trygve Hegnar named chairman of Hurtigruten less than a week after taking a $45m stake in the company.
  • Lessons learned
    Masters at helm of Maersk Alabama during both pirate attacks this year spent four years at US academy together.
  • Norden off colour
    Danish bulker owner sees profits slide 70% from a year ago due to much weaker drybulk rates.
  • Brazil bump
    Ultrapetrol details Brazilian PSV charters at rates well above averages since 2007.
  • TNWA cuts back
    Cooperation with Grand Alliance allows containership group to pull vessels from Pacific service.
  • Juicy stake
    George Karageorgiou's holding in Globus Maritime swells to over '600,000 after fresh shares are granted free of charge.
  • BWO back to black
    Oslo-listed FPSO owner returns to profitability in Q3 after last year's impaired showing.
  • Double departure
    Choi Kil-Seon quits as president and CEO of Hyundai Heavy with Hyundai Mipo boss also heading for the exit.
  • Bergen offloads
    Norwegian shipbuilder sells Sweden's Landskronavarvet yard 18 months after buying it.
  • Tanker rescue
    USCG airlifts 'distressed' crew member from German tanker Fedor off California.
  • NMM plans issue
    Angeliki Frangou-led bulker outfit set to issue up to 4.6m new shares to fund its expansion.
  • MHI selling
    Japanese shipbuilder lining up bond issue that could be worth up to $560m.
  • Stay away!
    Carnival Australia continues fight to ban drunken "schoolies" from cruiseships in festive season.
  • DryShips buys
    George Economou bulker outfit says it is buying two unnamed panamaxes, thought to be Cido ships.
  • On your marks
    India's ABG and Bharati shipyards win approval to make offer for Great Offshore.
  • Paying for quality
    Teekay shipmanagement boss says industry benchmarking is positive.
  • Tug capsizes
    Crew escapes serious injury in Fremantle, Australia, after ship overturns.
  • Heavy revenue
    Dutch heavy-lift owner Dockwise signs up for $24m of business this year and in early 2010.
  • Star renews
    Akis Tsirigakis-led bulker outfit secures employment for three ships as shipmanagement changes hands.

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American Shipperweb site
NOVEMBER 19, 2009
  • Alliances partner on transpacific
  • FMC forms environment committee
  • Salvors free Crowley barge from Va. Beach
  • Brazil to push for 100% duties on some U.S. goods
  • Obama South Korea trip covers free trade deal
  • U.S. trade issues
  • Kuehne + Nagel in deal with Weatherford
  • Radiant reports third quarter profit
  • APM CFO: Industry must adjust to "new normal"
  • Panama asks for proposals on bridge or tunnel
  • Donjon sells interest in Hudson River stevedore

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The Scandinavian Shipping Gazetteweb site
NOVEMBER 19, 2009
  • Öresundsvarvet to aquire Landskronavarvet
    Norwegian Bergen Group has signed a letter of intent with Swedish Öresundsvarvet that is planning to aquire its neighbour Landskronavarvet. In a stock exchange note, Bergen says that it expects
  • South Africa belives in strong flag
    South Africa has come to understand the importance of domestic shipping. South Africa must have 300 vessels registered in the country to be able to secure its trade, industry and
  • Capesize rates jump above USD 100,000
    An apparently insatiable Chinese desire for coal and ore has made capesize rates skyrocket to levels not seen since the fall of the Lehman Brothers. On the Australia'China trade

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The Bunker Bulletinweb site
NOVEMBER 19, 2009
  • Rule to prohibit high-sulphur fuel moves one step closer
    Strict fuel and engine proposal sent to the White House.
  • Tug company fined for oil spill
    Termination of individuals responsible for incident.
  • Bunker prices mixed in Europe
    Vopak terminal congested in Rotterdam.
  • Fujairah prices soften
    Durban sees low demand.
  • Solid growth for Lanka IOC's bunkering business
    Supplier's sales up by two thirds since the end of civil war.
  • New product promises fuel and emission savings
    Up to 10% fuel saving possible says German provider of rudders and manoeuvring solutions.
  • Slow steaming offers 'huge competitive advantage'
    Container lines are 'throwing money away' on fuel bills.
  • NITC sets out bunker saving plan
    Iranian tanker firm says it aims to cut energy use by 28%.
  • New member for SEAaT
    Link to Greek shipping community welcomed by association.
  • Markets show no clear direction
    Supply tightness at Tokyo Bay said to be easing.
  • Singapore residual fuel stocks drop
    Steady bunker demand keeps check on stock levels.
  • Singapore October containers rebound on month
    But year-on-year volumes continue to see negative growth.
  • Titan confirms its vessel is not 'detained'
    Malaysian authorities had given conflicting accounts of vessel's status.
  • Claimants pursuing over A$30 million from Swire
    Shipping firm's offer of A$25 million over massive oil spill is falling short.

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