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06 April 2020 The on-line newspaper devoted to the world of transports 09:35 GMT+2

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The Business Timesweb site
MARCH 27, 2009
Shipping News
  • Ports need to focus on trend changes
    THE economic downturn presents an opportunity for ports to upgrade and prepare for the rebound, but they will need to focus on changes in trade patterns and industry trends, delegates at the 9th International Association of Ports and Harbours Asia/Oceania Regional Meeting and Port Forum were told yesterday.
  • Chasing steady revenue, more drillers go deepwater
    Rig contractors are finding the allure of deepwater oil and gas drilling harder to resist in the current slump, given that deepwater's longer lead times and massive budgets promise them smoother income flows.

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Sched Netweb site
MARCH 27, 2009
  • CSCL profit falls 99pc in downturn to US$6.3 million
  • Shanghai up 3.6pc, retains world's No.1 port in 2008 tonnage
  • Northeast China to invest CNY53 billion to build shipping centre
  • Attendance at Shenzhen's TOC Asia 2009 tops 2008 meet by 16pc
  • China's logistics demand growth slows down
  • LA enforces clean-truck scheme despite court ruling
  • Port Tracker reports January and February US box decline
  • Insurers see silver lining in lower 2008 casualty claims
  • Overstaying Lagos containers transferred to Onne Port
  • Qantas to layoff 90 senior managers, maintain salary freeze
  • China's air freight to US off 10pc in 2008, but Vietnam up 10pc
  • HAFFA highlights actions to take advantage of economic downturn
  • Aeroflot seeks to buy Czech Airlines, vows to keep Prague base
  • Shenzhen Airport's February cargo volume up 7.4pc
  • Shenzhen Airlines adds services to south east Asia and Osaka
  • ATSG leases Boeing 767 to Canada's First Air
  • US airlines hit by ongoing fall in freight volumes
  • Turkish Airlines joins Cargo 2000

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International Transport Journalweb site
MARCH 25, 2009
  • Lufthansa Cargo and Austrian Cargo sign global sales agreement
    Lufthansa Cargo Charter, a Lufthansa Cargo subsidiary, and Austrian Cargo have signed a global cargo charter sales agreement. Austrian Cargo will also represent the Lufthansa Cargo...
  • Geodis completes acquisition of IBM logistics unit
    Geodis acquired IBM Global Logistics and signed a long-term service contract with IBM recently, and has now successfully closed the deal on schedule. Geodis is now the sole lead lo...
  • Two new gantries for Khorfakkan
    The Khorfakkan Container Terminal (KCT), operated by Gulftainer, a leading regional port management and logistics firm, has taken delivery of two new Liebherr post-panamax gantries...
  • Eurogate becomes city of Hamburg partner for the environment
    Eurogate, which says it is one of Europe's leading container terminal and logistics groups, has been nominated one of the city of Hamburg's official partners for the environment. T...
  • Iata forecasts higher losses for airline industry
    The International Air Transport Association (Iata) has revised its outlook for the global air transportation industry, with losses amounting to a total of USD 4.7 billion in 2009 o...
  • Qatar Airways to manage new Doha airport
    The new Doha international airport will be opened in 2011 and Qatar Airways will be in charge of managing the facility and thus making a substantial contribution to making Doha a k...
  • First high-speed rail section opened in Turkey
    The Turkish State Railways (TCDD) opened the first section of the high-speed line between the capital Ankara and Eskisehir on the Ankara-Istanbul line in mid-March. The 197 km of n...
  • BLS Cargo reports traffic growth and positive result
    BLS Cargo achieved a good operating result in 2008. The company has said that its transport performance improved by 10% last year, even though demand declined steeply in the fourth...

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Maritime Global Netweb site
MARCH 26, 2009
  • Tankers seized in piracy surge
  • DP World puts plans on hold
  • Dryships' $1bn Q4 loss
  • IMB warns of possible palm oil cargo BL frauds

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Marine Logweb site
MARCH 26, 2009
  • Giant X-bow completes first GoM job
  • Standard & Poor's cuts cruise giants' ratings
  • Trico Marine to put Sveaas nominees on ballot
  • Pirates hijack two more tankers

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World Wide Shipperweb site
MARCH 26, 2009
  • Icelandair to begin flights to Seattle-Tacoma Airport
  • Truck tonnage index moves up in February
  • Steel imports into US drop sharply during February
  • Corps set to begin Grays Harbor dredging
  • Grand Alliance teams with Zim for new China/US East Coast run

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Lloyd's Listweb site
MARCH 26, 2009
  • Nigeria rivals Somalia for ship attacks
    ATTACKS off Nigerian coast going unreported and could exceed those occurring off Somalia and Gulf of Aden.
  • IMO urges Nigeria to step up fight on piracy
  • Shipowners hope for reality check from Brussels
    LAWYERS however warn Brussels is unlikely to relax antitrust rules because of the credit crunch.
  • Filipino seafarers face battle to stay in work
    MANY of the 40,000 Filipinos working for Japanese firms could find themselves out of work.

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Fairplayweb site
MARCH 26, 2009
  • Container portals post gains
    CONTAINER and logistics portals Inttra and GT Nexus have announced contract gains from new and existing customers
  • SCI defers plans for 8 large ships
    SHIPPING Corp of India has deferred plans to acquire eight large ships costing $1Bn to the next financial year, chairman and MD S Hajara told reporters in Delhi today
  • Somali pirates seize two vessels
    SOMALI pirates have seized two vessels about 400 n-miles off Somalia
  • NYK slashes profits forecast
    NIPPON Yusen Kaisha said today its prediction for profits has dropped for the fiscal year ending 31 March 2009
  • Debt prompts FESCO downgrade
    RUSSIA'S dry cargo giant FESCO was today graded down by Moody's bond rating agency in Moscow
  • Alert sounded on teu expansion
    PROJECTED teu increases for Capes have serious implications for engine displacement, ship technology and the environment, a maritime analyst warned Fairplay today
  • TT Club predicts weak premiums
    TT CLUB, London's transport insurance provider, has warned that premiums in the insurance market will remain weak this year

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The Journal of Commerceweb site
MARCH 26, 2009
  • S&P Puts CMA CGM on CreditWatch
  • Alabama Ports Seeks Private Investment
  • Environmental Protection Agency Falls Short
  • International Air Cargo Falls Sharply
  • Hoosiers Seek Nod for Coal Spur
  • Hutchison Ports Revenue Climbs in 2008
  • Trucker, Ocean Carrier Team Up
  • A.T. Kearney Forecasts Chinese Surplus to Drop
  • Carriers Protest Hike in UK Light Dues
  • UTi Loses $90M
  • Rail Traffic Drop Not Quite as Bad
  • Port of L.A. Starts Second Intermodal Incentive
  • Cosco CEO: 'Cash is King'
  • Maersk Shifts Asia-Europe Service
  • Emirates Shipping Hikes Rates
  • Hankyu Opens China Office
  • ATA Blasts City, Port Over Clean Trucks
  • California Port Users Decry Fees
  • U.S. Trade Fell in Second Half of 2008
  • Truck Tonnage Edges Up
  • Anti-Pollution Grants Available
  • Descartes unveils range of new products
  • Trailer Bridge Loss Expands
  • China Shipping Container Profit Slides

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Containerisation Internationalweb site
MARCH 26, 2009
  • Nestlé smells the coffee with GT Nexus portal
  • Hutchison: 'facing the most challenging environment in recent times'
  • TT Club set for tough 2009
  • Heung-A leaves Australian trade
  • US and Mozambique look at new opportunities

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TradeWindsweb site
MARCH 26, 2009
  • Wei's new hat
    Cosco Group chief executive Wei Jiafu receives commodore honour at CMA conference.
  • Products plunge
    Torm's US head says products tanker demand has "gone away" in just a few weeks.
  • NYK fires warning
    Declining bulker and boxship earnings and a host of write-downs lead Japanese shipping giant to slash profit forecast.
  • Trio stretched
    Karl-Johan Bakken's Farstad brings in an extra $22m after extending three charter contracts.
  • Pay the price
    India's shipping ministry wants up to INR 15bn to cede control of Hindustan Shipyard to defence department.
  • Zero tolerance
    George Economou says he will resist calls from any charterer to cut rates as he insists DryShips is not dragging its feet over covenant waiver on debt of $1.8bn.
  • Charter cheer
    Teekay Tankers extends deal for aframax at $26,500 per day ' compared to spot rate below $10,000.
  • Still in demand
    Aboitiz Jebsen's Ole Stene says shipping downturn has not relaxed the seafarer shortage, but salaries may flatten.
  • Tanker seized
    Greek chemical tanker with 19 crew hijacked almost 400 miles off Somalia's east coast.
  • Bourbon ups divi
    Bulker and offshore giant jacks up shareholder payout by nearly 30% despite slump in profit during 2008.
  • IMB flags box con
    "Suspect shipments" of containerised palm oil being run from Jakarta, maritime body claims.
  • Science cruise
    Royal Caribbean's Explorer of the Seas kitted out with labs to study climate change.
  • KLC's bond bid
    Crisis-hit Korean bulker player wants to sell $225m of debt to shore up finances.
  • Not worried
    Dubai's Adnatco says its newbuilding programme will make it a major global tanker player from 2010.
  • Dollar downer
    Wilson & Sons' offshore unit boosted by larger fleet but rise of the dollar slices its full-year profit by a fifth.
  • Box of cash
    Liner-booking portal Inttra signs up owners such as Maersk Line and MSC to three-year deals worth $100m.
  • Tax tussle
    Bergshav to become first Norwegian owner to go to court over big back-tax demands.
  • CSCL suffers
    Li Shaode-led China Shipping Container Lines sees 2008 profits all but evaporate in tough market.
  • Trailer trailing
    US to Puerto Rico liner company posts bigger 2008 loss as fuel costs soar.
  • Li's port warning
    Hutchison Whampoa chairman Li Ka-shing warns of 'more challenging year' for ports business.
  • Worker killed
    Explosion leaves one man dead at shipyard in Kuala Baram, Indonesia.
  • Another sold
    Precious Shipping sells fifth elderly handysize bulker in March and eighth since start of year.
  • Erria loses
    Danish owner swings to 2008 deficit as boxship rates plunge in fourth quarter.
  • Adviser picked
    Babcock & Brown select Macquarie to handle potential sale of Dalrymple Bay Coal Terminal.
  • Zim joins in
    Israeli container line teaming up with Grand Alliance members on China-US east coast service.
  • Risky business
    "Inherent" counterparty risk is a fact of life for managers as well, says Bernhard Schulte Shipmanagement's Jens Alers.
  • Ship shifters
    Camillo Eitzen is taking vessels from EMS and moving them to third party rivals as it strives to cut costs, Peter Knudsen says.
  • Sing like a pirate
    TradeWinds WebTV visits Wilhelmsen Ships Services pirate-themed karaoke party.
  • LA lower
    US west coast port sees year-on-year decline of over 30% in container volumes in February.

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American Shipperweb site
MARCH 26, 2009
  • COSCO chief sees bulk turnaround by year end
  • INTTRA reports contracts worth $100 million
  • Trailer Bridge reports loss for quarter
  • Icelandair starts Seattle service
  • Senate approves Locke as commerce secretary
  • U.S., Mozambique talk trade
  • Schaecher to lead DHL air freight
  • DP World volume down 8% in early 2009
  • U.S. grants aim to improve Colombia's ports
  • Pakistan eyes security at Peshawar terminals

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The Scandinavian Shipping Gazetteweb site
MARCH 26, 2009
  • Hapag-Lloyd increased its profit ' but 2009 will be tougher
    The German container shipping operator Hapag-Lloyd, recently acquired by the German consortium Albert Ballin Holding GmbH & Co, reports a profit of USD 285 million 2008, compared to USD 239
  • Japan introduces tonnage tax
    Japan will apply the tonnage tax system to ten domestic ocean-going shipping companies over five years from the fiscal year 2009, which starts in April, the Journal of Commence
  • Port of Hirtshals' profit fell
    The Port of Hirtshals reports lower revenues in 2008, mostly due to changes in the ferry services. Its largest client, Color Line, reduced its four services to two services. The
  • EMS reorganises ' 27 to be laid off
    Eitzen Maritime Services ASA, EMS, will reorganise its ship management operations and has decided to close down its technical management office in Copenhagen on 30 June 2009 ' as a consequence

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The Bunker Bulletinweb site
MARCH 26, 2009
  • Canadian ferry company drops fuel surcharge
    Adjustment will come into effect from April.
  • Maersk to implement fuel, emissions savings
    Speed reduction programme to be rolled out across fleet.
  • Europe: Bunker prices firming again
    Rotterdam IFO prices up and activity in hub port is low.
  • CSCL's 2008 profits dive by 99%
    Slumping trade and rates combined with high fuel costs take their toll.
  • Taiwan offers fuel oil cargo
    Up to 35,000 mt of residual product available for April loading.
  • Bunker Summit comes to Gibraltar/Algeciras hub
    'Surviving' the deteriorating economic climate high on the agenda.
  • Asia: Singapore bunker fuel sees double-digit gains
    Prices were up across the Asian region.
  • Singapore fuel oil and distillate stocks fall
    Onshore stocks of residual product down by 264,000 barrels.
  • ExxonMobil offers April cargo
    First April cargo at Yanbu port on offer as bunker demand slows in Asia.
  • Oil trader to start operation in Japanese port
    Marubeni to store bonded bunker products in Nagoya.
  • GAC helps owners lay-up ships
    'Laying-up vessels can be the best option', says logistics provider.

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