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14 August 2020 The on-line newspaper devoted to the world of transports 07:37 GMT+2

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The Business Timesweb site
MAY 26, 2009
Shipping News
  • French base to fight pirates, guard oil lanes
    French Foreign Minister Bernard Kouchner said yesterday that his nation's first military base in the Gulf is an important step in international cooperation to fight piracy and safeguard crucial oil routes.
  • Rickmers Maritime sees higher Q2 income
    Singapore-listed Rickmers Maritime expects increased distributable income in its second quarter on the back of new vessels, with another three due later this year when it sees a gradual recovery in freight rates.
  • Sarawak ports handle less cargo in Q1
    Total cargo throughput at three Sarawak ports - Rajang, Kuching and Miri - experienced a drop of 23 to 40 per cent in the first quarter of this year.
  • Golden Ocean Q1 profit beats forecast, sees Q2 improvement
  • Berlian Laju to raise 592b rupiah in rights offer

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Sched Netweb site
MAY 26, 2009
  • NYK and NileDutch to launch Asia-West Africa service
  • Maersk India-Europe ups rate US$100 June 1 - adds another $50 for pirates
  • Port of Seattle opens US$50 million double-berth container terminal
  • China Merchants' first berth in Qingdao to open by 2010
  • Economist: Recovery with 'go-go quarters, but not a lot of go-go years'
  • Canadian and Italian choppers foil pirate attacks on two ships
  • CEVA Logistics secures Shenzhen contract for Crocs in Asia
  • Containerships ties up more at Teesport, making it north Euro hub
  • Penang premier seeks federal help to build air cargo hub
  • Emirates revenue up 10pc, but profit down 72pc on shrinking demand
  • US bill helps Teamsters unionise FedEx, but fight moves to Senate

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Exim Indiaweb site
MAY 26, 2009
  • Grand Alliance merges JCX & SCX services into one loop
  • APL to launch direct Vietnam to North America West Coast weekly service
  • Cosco leaves Evergreen to operate alone in Far East-MidEast loop
  • MoL, with PSX, offers similar service
  • Coscon extends rotation with two 725-TEU ships on HSH loop
  • MAERSK LINE, delays general rate increase on North America to Mediterranean/North Africa trade
  • Georgia Ports Authority welcomes COSCO to Port of Savannah
  • Port of Hamburg reports fall in cargo volumes
  • Hanjin to hike Asia-Europe rates in June & again in July
  • APM Terminals joins Bollore Group to build new Congo terminal
  • US Australasia Discussion Agreement hikes rates
  • UASC to implement PSS, RR from June
  • 5 more China ports participate in cross-straits shipping
  • Koper, Trieste & Rijeka offer promising Adriatic alternative
  • Shipping may get Rs 10K cr package, reveals Jt DGS
  • Higher freight & charter hire income swells Varun Shipping's PAT
  • Gati Coast to Coast launches Tuticorin-Colombo feeder with m.v. Gati Pride
  • More time for sugar imports likely
  • JNPT is 20 years young today
  • Kandla Port positioning itself to be global logistics hub
  • India Inc gives a Jai Ho to new govt
  • $ 5-bn trade finance corpus with RBI proposed
  • Pearl Harbour CT MD, T. S. Subrahmaniam, calls it a day
  • Reliance may move SC on Mumbai SEZ land issue

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Marine Logweb site
MAY 25, 2009
  • Red ink at Gard

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Lloyd's Listweb site
MAY 25, 2009
  • Order cancellations accelerate at China yards
    THE rate of newbuilding cancellations at Chinese shipyards accelerated sharply last month, while very few new orders are forecast.
  • Zhoushan shipbuilders fear impact of orderbook shortfall
  • Somali gunmen 'renounce piracy'
    A MASS apostasy by hundreds of hardened pirates is reported to have occurred in the northern Somali fishing port of Eyl.
  • Golden Ocean profits dip
    NORWEGIAN bulk operator Golden Ocean has reported a drop in first quarter profit after a bumpy start to the year, writes Craig Eason.

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Fairplayweb site
MAY 25, 2009
  • Keppel shares soar on stake sale
    KEPPEL Corp shares rose a substantial 11% yesterday on hopes of a higher dividend payout following a lucrative deal to sell its entire stake in affiliate Singapore Petroleum Company to China's energy giant PetroChina
  • Cyclone Aila may hit Mongla
    MONGLA port in Bangladesh has been advised to stay on high alert as a precaution against cyclone Aila
  • Berlian Laju plans rights issue
    BERLIAN Laju Tanker has unveiled plans for a rights issue to shore up working capital
  • NYK back in West Africa
    NYK Line has teamed up with West Africa specialists Nile Dutch for operating anew service from Asia to West African ports
  • Bodies found, but search on
    SINGAPORE is continuing to search for the two missing crew of the tanker Vertex despite the discovery of two bodies near the vessel

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TradeWindsweb site
MAY 25, 2009
  • Huge loss for Gard
    Norwegian marine insurer rings up $150m deficit as financial crisis knocks 26% off free reserve.
  • Golden loses shine
    Slump in sales slashes net profit at Golden Ocean but China single-handedly lifts bulker market.
  • Piracy renounced?
    Somali pirate group to give up the game and release ships after meeting in Eyl, BBC reports.
  • Close to zero
    Russia's Severnaya shipyard cuts first quarter losses to just $39,000 as revenues grow.
  • Norwegian escape
    Eide Marine heavy-lift ship avoids seizure in Gulf of Aden after Russian Navy fires on pirates.
  • Double salvation
    USCG rescues two women in separate incidents on Carnival and Star Cruises vessels off US.
  • NMDC selling
    United Arab Emirates dredger owner to sell $107m of interest-free convertible bonds.
  • Boxship sinks
    Indonesian vessel spills hundreds of containers before sinking after
  • Legal legend dies
    Maritime lawyer Nicholas Healy, founding partner of Healy & Baillie dies at 99.
  • Scrapping rise
    Prices firm as India, China and Turkey keep buying demolition tonnage.
  • Trafigura walks
    Nigerian court throws out cases against Dutch trader and releases cargo onboard Norden-chartered tanker.
  • Galeb sold
    Former Yugoslav leader Tito's yacht bought by city of Rijeka after falling into disrepair.
  • Black gold
    Keppel Corp to bank $457m profit from selling stake in Singapore Petroleum Co to PetroChina.
  • Port cull
    Romania's Socep to lay off more than half its workers at Constanta due to falling volumes.
  • Services merged
    Grand Alliance members Hapag-Lloyd, NYK and OOCL are combining two Asian services into one.
  • Ferry grounds
    Evasive action leads to Washington State Ferries' vessel getting into difficulty off US west coast.
  • Panama problem
    Bids for huge canal expansion project come in 35% over budget, source claims.
  • US lakers suffer
    US-flagged vessels working the Great Lakes have seen cargo volumes plummet due to the recession.
  • African return
    NYK makes return to West African liner trades in joint service with local niche operator NileDutch.
  • A bigger bite
    Indonesia's BLT to sell shares worth $58m as it continues to build up acquisition war chest.
  • Bodies found
    Singapore and Malaysian officials recover suspected missing crewmembers from fire hit tanker.

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The Scandinavian Shipping Gazetteweb site
MAY 25, 2009
  • Sale of DFDS vessel failed
    DFDS Group announces that the sale of the cruise ferry Queen of Scandinavia has fallen through. The unofficial buyer who earlier signed a contract to buy the vessel for DKK
  • New vessel on Karlshamn route
    DFDS Tor Line has moved the ro-pax vessel Lisco Optima to the Karlshamn'Klaipeda run; the vessel will enter into service on 26 May. "The Lisco Optima has 25
  • Cruise vessels will cease pollution in the Baltic
    The European Cruise Council, which organises all major cruise operators with vessels in European waters, has decided to reduce the discharge of sewage and wastewater in the Baltic Sea. It

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The Bunker Bulletinweb site
MAY 25, 2009
  • Meeting the demands of the Caribbean market
    PDVSA to take delivery of three new bunker vessels.
  • European bunker prices start week mixed
    Rotterdam prices falling but other ports see gains.
  • Bunker price rise hit Asia container line
    Analysts say Thailand's RCL is facing 'sizeable losses'.
  • Bunker prices weakening in most Asian ports
    But Busan sees IFO prices climb.
  • Maersk highlights cuts in bunker costs
    Shipping line better positioned than its rivals to deal with the 'wrath of the global economic crisis'.
  • Essar Oil offers June fuel oil cargo
    180 cst tendered for sale from the middle of next month.
  • Gwadar bunker delivery was 'partnership'
    Shipping agent worked with bunker suppliers to make first bunker delivery.
  • Tanker fire: Two bodies recovered
    Authorities in Singapore and Malaysia are trying to make positive identifications.
  • Keppel sells SPC to PetroChina
    The Chinese oil giant will acquire SPC for $1.02 billion.

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