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14 August 2020 The on-line newspaper devoted to the world of transports 06:16 GMT+2

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The Business Timesweb site
MAY 25, 2009
Shipping News
  • Dry bulk shippers hope China will lead revival
    Just a year ago, on May 20, 2008, the Baltic Exchange's dry sea freight index - which tracks prices to ship commodities such as iron ore, coal, grains and cement - hit an all-time high of 11,793 points, driven by a seemingly insatiable hunger for raw materials among developing nations, especially China.

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Sched Netweb site
MAY 25, 2009
  • PIL south east Asia service now calls at Fuzhou weekly
  • Cosco now calls at Savannah independently of CKYH Alliance
  • Long Beach to cut port budget 14pc to US$881 million
  • World trade volume shrinks 11.3pc in first quarter
  • ICTSI to run Brunei CT, posts 43pc quarterly profit decline
  • Archangel port first quarter results decline 15pc
  • Nigeria inland port scheme bogs down in red tape
  • Rotterdam port's rail transport breaks million TEU mark
  • TNT names ex-FedEx man to direct Hong Kong airport operations
  • Air France-KLM Cargo hit by loss of US$284 million
  • Atlas Air retains contract to transport Formula 1
  • Kansas City airport April cargo falls 29.3pc

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Exim Indiaweb site
MAY 25, 2009
  • LNL to launch revamped India Africa Service
  • GAC & Alex Brundle celebrate early results in new FIA Formula 2 Championship
  • Jamaican Flag lures German vessel-owners
  • Sorensen quits as Group CFO of A.P. Moller-Maersk
  • 13 lakh tonnes of raw sugar to arrive by June-end
  • Dumping duty imposed on measuring tapes
  • SEAI team in S-E Asia to promote export of oilmeal
  • India displaces China to become second-lowest cost manufacturer
  • EU rejects shrimp consignment
  • 64,000 tonnes pulses to be imported
  • Edible oil imports expected to flare up
  • CoPT plans 'ro-ro' service to move boxes from RGCT to Vallarpadam ICTT
  • Railway Board sets tentative fiscal target at 875 m tonnes
  • Service providers within SEZs exempted from paying tax
  • Notification procedures to be speeded up
  • Exim Bank net up by 43 pc
  • RBI Governor for fiscal consolidation
  • Time right for economic reforms, assert experts
  • Leena Nair takes charge as MPEDA chief

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Maritime Global Netweb site
MAY 22, 2009
  • Owners back Rotterdam Rules
  • Somali suspect pleads not guilty
  • DryShips secures debt deal
  • Containerships choses Teesport

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Marine Logweb site
MAY 23, 2009
  • Engine supplier sues Bender

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World Wide Shipperweb site
MAY 22, 2009
  • New Crowley heavy-lift barge launched from Gunderson Marine
  • Down weeks continue for US rail freight traffic
  • TOP Ships takes delivery of new product/chemical tanker
  • Port of Anacortes presents annual Port Partner Awards
  • General Dynamics nets deal to repair damaged submarine

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Lloyd's Listweb site
MAY 23, 2009
  • Norway victims return to court
    VICTIMS of the Norway explosion in 2003 have returned to a US federal court seeking more damages.

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Fairplayweb site
MAY 22, 2009
  • Pirates driven away from US ship
    SOMALI pirates reportedly attacked a second Maersk Line box ship today in the Gulf of Aden
  • Spanish yard violence erupts
    VIOLENCE erupted in Spain today over the inability of yard managers and workers to agree on pay and hours worked
  • Huge Shenzhen growth planned
    BEIJING plans to expand its Shenzhen economic zone to "a whole city", the official China Daily News has reported
  • Tit for tat in Russian spat?
    MOSCOW'S food fight with Cairo might be escalating, with Russian official seizing a shipment of Egyptian oranges at Novorossiysk's port
  • German inland hub plan unveiled
    GERMAN warehousing company Soltau Logistic Center plans for a €12M ($16.7M) inland container hub at its existing site
  • Cardy rejects criticism of MCA
    PETER Cardy, head of the UK's Maritime & Coastguard Agency, has responded firmly to allegations by ship officers that the MCA is "undermanned and demoralised"
  • Berlin to aid Wadan yard again
    GERMANY'S economy ministry said today the eastern yard Wadan Werft has received loan guarantees from the Berlin's economic stimulus package

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The Journal of Commerceweb site
MAY 22, 2009
  • Tacoma Imports Tumble 33 Percent
  • State Scales Back Truck Rest Stop Closures
  • India's TCI Profit Fell 28 Percent
  • House OKs Bill Easing FedEx Unionization
  • NOL to Move to Phoenix
  • Reddaway Launches Four-level Guarantee
  • Hanjin to Launch Haiphong Express Service
  • House Panel Updates Recovery Spending
  • Small European Nations to Trade with Russia
  • Bill Bars State TWIC Alternatives
  • CO2 Emissions Drop Sharply
  • Labor, Airlines Look to Babbitt
  • Global Economic Contraction Slows
  • Legislation Would Ban Federal Highway Tolls
  • STB Rated Best Small Federal Workplace
  • DOT Officials Confirmed in Senate Flurry
  • Trinity Cuts Barge Work Force
  • British Airways Tumbles to Record Loss
  • Navies Team Up to Catch Pirates

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Containerisation Internationalweb site
MAY 22, 2009
  • Why the 'negative' outlook?
    On Wednesday (May 20) the International Monetary Fund (IMF) gave the UK's government a glowing endorsement on its 'bold and wide-ranging' response to the global financial crisis. The effect was to give a spike to the markets and not least a confidence boost to the embattled UK consumer. But yesterday (May 21), credit rating agency (CRA) Standard & Poor's (S&Ps), lowered its outlook for the UK economy from 'stable' to 'negative' and warned that there was a one-in-three chance that it would lose its prized 'AAA' credit rating. Result: the FTSE 100 suffered its biggest one-day fall since April - plunging by 2.75%. In one negative statement fragile confidence was destroyed.
  • NYK and Nile Dutch to start FE/West Africa link
  • Armstrong provides health check on 3PLs
  • Hanjin and Sinotrans tap Vietnamese market
  • S&P warns of UK downgrade: UK & European stocks suffer
  • Containerships to hub at Teesport

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TradeWindsweb site
MAY 22, 2009
  • Queen Lily bought
    Modern Japanese-controlled panamax goes to Greek buyers for $30.6m, brokers say.
  • ETA sells hull
    Emirates Trading Agency is said to have sold newbuilding kamsarmax to South Korean interests.
  • $33.8m for TMM
    Pemex reveals details of five-year charter of Mexican City owner's products tanker Tajin.
  • Vale shuttle flying
    Despite sharply reduced overall budget, Brazilian miner Vale sets aside $595m war chest for bulker acquisitions and COAs.
  • Maersk escapes
    Hijacking of boxship Maersk Virginia with 19 American crew thwarted in Gulf of Aden after Greek bulker is fired on.
  • $63m heavy loads
    Rig movements keeping heavy-lift specialist Dockwise busy with new contracts out to next year.
  • 'Pirates' nabbed
    Italian Navy detains nine suspects after failed hijacking of Maersk ship and Greek bulker in Gulf of Aden.
  • No more defaults
    Charterers no longer hammering down the door to redraw deals, says Excel CFO Lefteris Papatrifon.
  • Genmar rating cut
    Standard & Poor's lowers credit rating for New York tanker owner General Maritime over expiring time charters and lack of covenant cushion.
  • Greeks snap raid
    Pikey Navigation confirms armed attack on bulker Maria K which crew caught on camera.
  • Classic result
    George Economou wins security for claim over $300m capesize chartering deal with 63' company that went wrong.
  • It's quotes time
    Somali pirates get a good prison pampering and has LNG lost its mojo?
  • Still spending
    Yuddhishthir Khatau says Varun is eyeing second-hand offshore vessels despite difficulties finding employment in the North Sea.
  • Excel revs up
    Greek bulker owner sees first quarter profit buoyed by Quintana takeover, but non-cash items skew the numbers.
  • Postal pact
    China's Sinotrans sells off loss-making domestic express delivery service to joint venture with DHL.
  • IPO wait
    Taiwan's Yang Ming could still go ahead with public offering of bulker unit in two or three years, president Robert Ho says.
  • In demand
    Cosco and China Merchants both in talks to snap up stakes in Yang Ming's Kaohsiung container terminal.
  • Auckland aggro
    Ports of Auckland chairman Gary Judd says he was sacked after being accused of "unhelpful" behaviour.
  • Haiphong link
    Hanjin Shipping and Sinotrans are launching an express link between China, Korea and Vietnam.
  • Yards win work
    US shipyards Todd and Bender seal contracts to upgrade government icebreaker and two ro-ros.
  • Safe cancels
    Polys Hajioannou-led outfit cancels two newbuildings in South Korea and terminates three long-term charters.
  • Sharing the spoils
    Sevan secures FPSO deal which will see its pay based on the performance of the Shelley field as Premier completes Oilexco takeover.
  • SCI takes two
    Indian national owner takes a punt on a pair of chartered boxships at rock-bottom rates.
  • Mate's mistake
    Greek bulker's second mate failed to monitor vessel's course before it grounded off Australia last year.
  • Euroseas lays-up
    Aristides Pittas-led shipowner takes three boxships out of service as first quarter profits slump 75%.
  • Safe's profits rise
    Cash from early termination of charters helps push up profits at Polys Hajioannou-led outfit.

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American Shipperweb site
MAY 22, 2009
  • Maersk ship escapes pirates
  • Drewry warns about dry bulk shipping outlook
  • Maersk delays rate hike
  • British Airways: Cargo industry should cut capacity
  • WFS to handle cargo for LTU in Miami
  • Freight interests aim to shape transportation bill
  • GAO: tighter federal freight rail security needed
  • U.S.-Canada talks set
  • Sen. Warner advocates manufacturing competitiveness
  • Baucus bill opens U.S. ag, medical exports to Cuba
  • Meat exporters seek more market access
  • Virginia port gets funds for Craney Island
  • Reports: Mainland firms interested in Taiwan port
  • Port Manatee allies with Panama Canal

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The Bunker Bulletinweb site
MAY 22, 2009
  • Prices softer with stronger demand in major ports
    Suppliers report improving avails after tightness throughout the week.
  • European bunker prices lack direction
    Rotterdam market 'very quiet'.
  • New software for fuel consumption data
    Monitoring of vessel fuel consumption and efficiency has been enhanced.
  • Ships 'must become more fuel efficient'
    IMO's 'success' in reducing sulphur in bunker fuel confirms its role as global regulator, says ship operators' organisation.
  • Court orders sale of arrested ship
    Bunker trader that initiated arrest 'under no illusion' about getting paid.
  • Dry bulk sector faces tonnage glut
    Consultancy warns that rates will be weak for years to come.
  • Bunker prices weakening in Asia ports
    Singapore demand 'rather poor'.
  • New testing laboratory in Southern Europe
    Inspectorate expects Algeciras lab to open in September.
  • Bunker spill in Philippines
    Investigation underway to determine the source of the spill.
  • Singapore June term premiums firm
    Ex-wharf 380 cst premiums up slightly from May figures.
  • Bunkering, petroleum sales drag down Singapore Q1 trade
    Both domestic and foreign wholesale trade suffering.
  • 'No further cuts' at next OPEC meeting
    Exporters 'more comfortable' at $60 a barrel.

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