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05 August 2020 The on-line newspaper devoted to the world of transports 04:44 GMT+2

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The Business Timesweb site
JULY 28, 2009
Shipping News
  • Full-year losses seen at Nippon Yusen, K-Line
    Nippon Yusen KK and Kawasaki Kisen Kaisha Ltd, Japan's largest and third-largest shipping lines respectively, forecast full-year losses as recessions in the US and Europe slashed demand. Nippon Yusen fell the most in more than 10 weeks.
  • Global Carriers to get 2 more vessels this year
    Freight services provider Global Carriers Bhd will take delivery of two new clean petroleum product (CPP) ships in the second half of the year.
  • 3 Korean carriers in US$482m LNG loan
    Hanjin Shipping Co, Hyundai Merchant Marine Co and SK Shipping Co have agreed to borrow a combined US$482 million to refinance liquefied natural gas vessels, according to two people with direct knowledge of the matter.
  • MPs call British railway ownership structure 'a mess'
  • Warning to ships of piracy return as monsoon ends
  • Suez Canal revenue falls 7.2% as trade slows

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Sched Netweb site
JULY 28, 2009
  • 'K' Line profit plunges into loss as quarterly revenue falls 45pc
  • MOL issues profit warning, lowers annual estimate 25pc
  • NYK sees its first annual loss in more than two decades
  • China-wide cargo grows 0.5pc, but boxes off 10pc in first half
  • Hapag-Lloyd and OOCL to cooperate with MSC on Montreal service
  • Zim receives 10,000-TEU ship a week after taking an 8,400-TEUer
  • US congressional bill adds import tax for infrastructure
  • CEVA sees doubling quarterly profits, cites 'improved markets'
  • United Parcel Service earnings slashed in half to US$445 million
  • Union Pacific quarterly profit falls 12pc to US$468 million
  • DB purchase Poland's biggest freight logistics firm
  • Last ABX Air flight takes off as Wilmington hub shuts down
  • Asian airlines suffer 22.3 per cent cargo decline in first half: AAPA
  • Shenzhen Airport half-year freight volume drops 12pc
  • Hong Kong International Airport is Far East's busiest freight hub

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Exim Indiaweb site
JULY 28, 2009
  • CSAV Norasia to start Indus service, revamp Super Galex
  • Customs to accept corporate guarantee for CG import by domestic shipping cos
  • Evergreen Line & Coscon launch China South East Asia Express service
  • Yang Ming Line to hike Asia-US rate
  • implement GRI in Far East & S. Africa to US & Puerto Rico trade
  • Maersk Line implements rate restoration on Asia to Latin America trades
  • Move to expand W. Shenzhen port
  • AADA levies bunker surcharge
  • USADA GRI from Aug. 15
  • Jiangyin port launches service to Taiwan
  • Zim offers improved feeder services in Spain
  • Japanese export ship orders plummet by 80 pc in H1
  • Idle container vessel fleet now comprises 10 pc of world's total
  • MSC to retain capacity with scrappings matching deliveries
  • China's Chenglingji port re-opens with 300,000-TEU annual capacity
  • China yards face more cancellations
  • Cosco slaps bunker surcharge on S. American cargo
  • That sinking feeling...
  • Rice, wheat exports banned
  • Vasan revives alternative riverine channel plan for Haldia Dock
  • Only new port plans of states may be hit by Environment Ministry's diktat
  • Vasan meets union leaders, to hold talks soon on port workers' demands
  • Changi Airport Group acquires stake in Durgapur aerotropolis project
  • Direct tax kitty grows by 3.7 pc in Q1
  • Core sector growth shows positive result of stimulus dose, asserts Sharma
  • Apparel, FMCG segments to drive retail sector growth
  • Input duty reimbursement rates may be raised for textile exporters
  • Bajoria stresses need for seamless connectivity
  • Indian SMEs most confident, finds HSBC survey

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Marine Logweb site
JULY 27, 2009
  • Halifax Shipyard gears up for frigate program
  • Canada ponders shipbuilding strategy
  • John Deere introduces new marine engines
  • Owners invited to enter vessels for environmental awards
  • New piracy warning from CTF
  • Ship Finance sells single hull VLCC
  • GulfMark Offshore reports increased revenues

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World Wide Shipperweb site
JULY 27, 2009
  • Cell phone waiting lot reopens at Sea Tac Airport
  • OOCL, Hapag-Lloyd rationalize joint service
  • Women's Shipping Club seeks top boss nominations
  • FMC recovers penalties in new round of agreements
  • Port of Seattle not allowed to use property for homeless camp

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Lloyd's Listweb site
JULY 27, 2009
  • D'Amato moves to satisfy creditors
    RECENT filing for bankruptcy court protection likely to lead to liquidation of company's assets.
  • Operating costs set to fall, says Drewry
    REPORT suggests an average fall in daily ship operating costs of around 3.4% in 2009.
  • Support grows for regulated derivatives exchange
    EUREX, ICE and Nymex look at setting up a regulated exchange for forward freight agreements.

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Fairplayweb site
JULY 27, 2009
  • NYK's 2009 prospects sink
    JAPAN'S NYK has changed its financial prediction for the year from profits to losses, in posting dismal first-quarter results
  • Danaos touts recovery signals
    SECOND-QUARTER profits of container-ship owner Danaos Corporation were slashed in half, but the company's CEO cited optimistic signs ahead
  • Bidders vie for Virginia ports
    THE Virginia Port Authority received two new bids today to privatise state port operations, following an unsolicited offer in March
  • TPR seeks court protection
    ARGENTINA-based multipurpose terminal operator Terminal Puerto Rosario has sought court protection as it attempts to restructure its debt
  • Philippines ferry bomb found
    SNIFFER dogs detected improvised explosives on a ship as the Philippines was preparing for today's State of the Nation address
  • Delhi rejects shipping pleas
    FRESH efforts by India's shipping ministry to ease the credit squeeze on domestic shipping companies failed today
  • Petroecuador seals China deal
    A CRUDE supply deal revealed today between China and Ecuador should translate into more long-haul tanker cargoes, mirroring the shipping trend in Venezuela

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The Journal of Commerceweb site
JULY 27, 2009
  • Truck Tonnage Drops in June
  • Shippers Fight Truck Regulation Rewrite
  • Japanese Carriers Report 1Q Losses
  • Diesel Jumps 3.2 Cents to $2.528
  • Senate Confirms Lidinsky for FMC
  • Asia Air Freight Falls 17.4 Percent
  • Pacer's Sells Truck Operation
  • Clean Trucks Handle Most LA/LB Moves
  • Hersman Confirmed as NTSB Chair
  • Virginia Ports Receive Two More Bids
  • Georgia Ports Expand as Volume Falls
  • Global Trade Volume Dropped in May
  • Chinese Official Opposes Protectionism
  • Panalpina Faces Investor Claim
  • DB Schenker Set to Launch Frankfurt Hub
  • Matson Returns to Profit in Second Quarter
  • JoC-ECRI Index Shows First Growth in a Year
  • Union Pacific Could Pay $100M to Utility
  • Hamburg to Decide on Aid to Hapag-Lloyd
  • TNT Profit Declines 60 Percent

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Containerisation Internationalweb site
JULY 27, 2009
  • Hapag's 25% CTA stake could be used as security
  • Swire spill dispute unresolved
  • Panalpina disputes shareholder claim
  • Tanger Med sees rail as critical
  • Chamber of Shipping highlights shipping's emission reduction efforts

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TradeWindsweb site
JULY 27, 2009
  • Algoma blast
    Algoma Tankers chemical carrier AlgoCanada suffers explosion in bow thruster compartment.
  • US semi fixed
    Louis Raspino-led Pride International scores $117m from one-year contract for deepwater floater Pride South Pacific.
  • Hunting for cash
    OceanFreight forges three-year deal to sell as much as $450m worth of new shares to Yorkville Advisors.
  • Horizon amnesty
    US containership operator reveals leniency deal with US prosecutors in antitrust investigation.
  • Star sells Alpha?
    Brokers say Tsirigakis-led bulker owner has sold the capesize Star Alpha for $20m.
  • Cargo caused fire
    Sinochem held responsible for shipping dangerous chemicals that caused explosion and massive blaze on CSAV containership.
  • Duchess deal done
    John Fredriksen's SFI confirms departure of Frontline chartered VLCC.
  • Hawaii moderates
    Although Matson Navigation expects Hawaii volumes to finish the year below 2008, the slump is expected to "moderate."
  • Pirates waiting
    Hijacked ships being held longer as monsoons thwart Somali pirates' efforts to target others.
  • Optional extras
    Ion Varouxakis-led FreeSeas nets over $18m from share issue after its underwriters picked up stock worth $2.35m.
  • Bonuses boosted
    Johnny Plumbe's pay climbs 40% helped by a larger bonus, but James Gundy is again comfortably the biggest earner in the ACM boardroom.
  • IPO green light
    Chinese commission gives go-ahead for China Shipbuilding Industry to seek Shanghai listing.
  • Liability mutiny
    Federal intervention fails to quell Anna Bligh's revolt against right to limit Pacific Adventurer spill compensation.
  • TTA sells bulker
    Thai shipowner books $1.7m profit on sale of elderly vessel.
  • Price problems
    Owners daunted by unrealistic scrap prices following unjustified rise, US cash buyer says.
  • Bomb onboard
    Homemade explosives found in ferry toilet as it prepared to sail from Lucena in the Philippines.
  • Search called off
    USCG calls off search for Russian crewman presumed overboard from Zodiac boxship in Pacific.
  • K Line loses
    Large drop in box cargoes and dwindling car sales hurt Japanese owner in first quarter but dry bulk rebounding.
  • Miscarriage?
    Greek owner can neither confirm nor deny reports a female cook on hijacked bulker has miscarried.
  • Death probed
    Tests ongoing to ascertain how, when and where fin whale found on bow of Sapphire Princess died.
  • MOL sinks
    Japan's Mitsui OSK Lines posts a first-quarter loss and expects second quarter to deteriorate further.
  • NYK in red
    Global economic downturn sends Japanese shipping and logistics giant to a first-quarter loss.
  • GulfMark stained
    Bruce Streeter-led offshore shipowner sees second quarter profit sliced with US market a particular headache.
  • Korea ports down
    Busan and South Korea's major ports suffered double-digit year-on-year drops in cargo-handling volumes.

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American Shipperweb site
JULY 27, 2009
  • Japanese lines hit hard in fiscal first quarter
  • Hyundai raises eastbound transatlantic rates
  • Evergreen, COSCO launch South East Asia Express
  • U-Freight Singapore facility targets aerospace
  • Oberstar floats container fee to fund infrastructure
  • USDA considers regulations for live plant imports
  • USTR assesses U.S.-South Korea FTA
  • AAFA praises renewal of Burma import ban
  • Two submit bids on Virginia port terminals
  • Deadline arrives for Va. port privatization offers
  • Competition for CenterPoint Properties

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The Bunker Bulletinweb site
JULY 27, 2009
  • Saudi Arabia 'cutting fuel oil consumption'
    World's top oil producer is burning more crude oil in its domestic power stations.
  • Bunker prices continue to rise in Europe
    Vopak terminal slightly congested in Rotterdam.
  • New pressure on Swire to meet full cost of bunker spill
    Australian government says no public money should be spent on clean-up costs.
  • O.W. Bunker expands Piraeus office
    Moving to bigger premises and seeking new recruits.
  • 'Innovative' fuelling station opens in Namibia
    Project to cut costs for fishing fleet culminates with opening of fuel blending station.
  • Shipping company expects bunker prices to fall
    K Line warns of losses despite its forecast of lower bunker costs.
  • Bunker prices showing little movement in Asia
    Supplies remain tight in key ports.
  • IOC fuel oil deal reflects firm market
    380 cst cargo for mid-August loading sold at a narrower discount than earlier deals.
  • Tight stocks persist in Hong Kong
    Asian market running low on bunker products.
  • Chemoil Energy still in sale talks
    Discussions 'may or may not materialise into something definitive'.
  • OPEC fears price collapse
    OPEC delegate says 'distillate overhang' will push prices down.
  • Saudi Aramco offers 380 cst parcel
    Cargo scheduled for August 20 loading from Jubail.
  • Asian fuel oil prices at nine-month high
    Demand expected to outstrip supply for rest of 2009.
  • Sinopec Zhoushan hopes to expand supply operations
    Latest of five approved Chinese bonded bunker suppliers looking to start services in Shanghai, Ningbo.

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