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10 August 2020 The on-line newspaper devoted to the world of transports 00:31 GMT+2

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The Business Timesweb site
MAY 29, 2009
Shipping News
  • Baltic Dry Index jumps 7.6% on China demand
    The Baltic Dry Index, a measure of shipping costs for commodities, surpassed 3,000 points for the first time since October, buoyed by Chinese demand for iron ore.

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Sched Netweb site
MAY 29, 2009
  • Maersk revises East Med and west coast South America
  • Idle box ship fleet shows signs of stabilising
  • China sets up arbitration court for shipping in Shanghai
  • IMO's safety committee to spotlight piracy at London meeting
  • HPH-backs Al-Mal bids for US$1.4 billion Tunisian CT
  • AAEI calls for caution after noting 10+2 compliance costs
  • UASC picks new CEO, makes senior management changes
  • Australian customs budget cut means 75pc less screening
  • Changi awards the airlines that contributed most in 2008
  • India's Deccan 360 launches with franchise model

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International Transport Journalweb site
MAY 27, 2009
  • Swiss Post profit down in first quarter
    Swiss Post generated a profit of CHF 198 million in the first quarter of this year, which was CHF 30 million or 13% less than in the same months of 2008. The operating result ...
  • Röhlig generates less profit in 2008
    The Bremen-based German logistics service provider Röhlig reported an ebit of EUR 10.4 million in 2008 (compared to EUR 14.6 million in 2007) and an after-tax net profit of EUR 6 m...
  • Aramex wins express and logistics contract from Vodafone Qatar
    The Middle East-based international express delivery, freight forwarding and logistics service provider Aramex has signed an agreement with Vodafone Qatar Q.S.C, one of the re...
  • Hans-Jörg Hader joins board at Kuehne+Nagel
    Hans-Jörg Hager was chosen to join the board of directors of Kuhne+Nagel for a one-year term at the recent annual general meeting. Hager was a member of the manageme...

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Maritime Global Netweb site
MAY 28, 2009
  • Tough quarter for BW Gas
  • Weaker spot market hits Frontline
  • Belize commits to new policies
  • North's loss-prevention blitz

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World Wide Shipperweb site
MAY 28, 2009
  • Jim Darling to step down as Port of Bellingham director
  • APL plans to introduce number of freight rate increases
  • NYK subsidiary launches new bulk carrier, FEDERICO II
  • Everett development firm files for bankruptcy protection
  • Maritime Administration sells vessel for recycling

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Lloyd's Listweb site
MAY 28, 2009
  • Frontline says a third of tanker orderbook at risk
    COMPANY believes newbuildings could be cancelled or delayed after axing six vessels on order at Chinese yards.
  • DryShips secures debt waiver from Deutsche Bank
    DNB Nor agrees a waiver on $86m in lending that covers two dry bulk ships.

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Fairplayweb site
MAY 28, 2009
  • Frontline abandons newbuilds
    FRONTLINE has announced the cancellation of one-third of its newbuilding orderbook while reporting a steep fall in net income in its financial results for this year's first quarter
  • APM called top ship borrower
    THE WORLD'S largest shipping company, AP Møller-Maersk, has borrowed $6.2Bn in the first quarter of 2009, a report by the financial data company Dealogic said today
  • Japan to tighten Korea sanctions
    JAPAN is responding to North Korea's latest nuclear test and short-range missile launch by toughening its sanctions against Pyongyang
  • BBC swallows Asian joint venture
    GERMAN breakbulk and projects carrier BBC Chartering & Logistic has seized full control of its joint venture Asia Project Chartering
  • End-game near for Polish sales
    POLAND'S Gdynia and Szczecin shipyards are due to finish work tomorrow on the selloff ordered by the EC, the government-owned agency responsible for the sale told Fairplay today
  • Russia looking into scrap closures
    RUSSIA'S antitrust watchdog is opening an inquiry as to why most of the country's customs clearance points for ferrous scrap exports have been shut down by the customs service

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The Journal of Commerceweb site
MAY 28, 2009
  • Montreal Boxes Drop Sharply in April
  • FRA Grants $15M for Flood Relief
  • NAFTA Trade Dives for Sixth Straight Month
  • Liquid Bulk Carrier Opens Ohio Terminal
  • FTR: Worst of Recession May be Over
  • Descartes Revenue Rises
  • U.S. Ready to Work with China on Trade
  • BBC Chartering, Clipper Projects End Joint Venture
  • Baltic Ports Could Compete with Russia
  • Rail Traffic Drags Bottom
  • Truckers Support Bill Limiting Tolls
  • Port of Miami Tunnel Gets New Backer
  • Box Downturn Hurts Virginia Ports
  • Zim Loss Widens to $119 Million
  • Japan Slams U.S. for Unfair Trade
  • Shipments Fall for Record Ninth Month

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Containerisation Internationalweb site
MAY 28, 2009
  • OTAL deepens its Europe/West African coverage
  • Tension rising amid North Korea's threats
  • Bunker prices surge 25% in May
  • ISE service sees some changes
  • NITL reaffirms support for 'Rotterdam Rules'

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TradeWindsweb site
MAY 28, 2009
  • FREE to soar
    Nasdaq-listed Freeseas climbs 27% on high volume after 'beating Street,' but analyst stays lukewarm on future.
  • Star dims
    Investors punish Greek bulker owner for earnings miss, but analyst says fundamentals remain solid.
  • Freeseas triumphs
    Ion Varouxakis-led bulker owner builds net profit in first quarter as fleet expands and costs are kept low.
  • $1bn let-off
    Deutsche Bank the latest to offer DryShips a reprieve as it waives breach on loan covering two newbuildings.
  • Two out
    Indonesia's HIT selling tanker duo to bring in cash for operating expenses.
  • MMM mulls deals
    Malaysian Merchant Marine eyes "ship related deals" but admits downturn impacted "significantly".
  • Pal peril
    Union claims 800 of 2,400 workers at Indonesian yard could be made redundant.
  • Frontrunner
    John Fredriksen's Frontline is the best performer on the Oslo exchange this morning after its results beat estimates and newbuilding cancellations erase financing fears.
  • Flu for three
    Three crew on board Carnival cruise ship Pacific Dawn contracted H1N1 swine flu, but no passengers infected, owner says.
  • John culls six
    Frontline has cancelled orders for four suezmaxes and two VLCCs, but the dividend stays.
  • Reefer 'free soon'
    Eastwind denies Matterhorn master ignored French calls to put into Brest, ship could sail in a few days.
  • Taiheiyo takeover
    Struggling Japanese tanker and bulker owner to become fully controlled by giant shareholder NYK.
  • Dutch deal
    Royal Vopak confirms new oil storage terminal in port of Amsterdam.
  • MBC falls back
    Malaysian bulker and tanker owner sees first quarter profit slashed, but will continue to add to its fleet.
  • Ferry chief ousted
    Sydney Ferries boss Geoff Smith sacked over alleged misuse of corporate credit card.
  • Port pile-up
    Hoegh car carrier involved in collision with two Maersk vessels and a German feedership at Bremerhaven.
  • Impairment pain
    Helmut Sohmen-headed BW Gas plunges to hefty first quarter loss as writedowns ruin its balance sheet.
  • Q-Ship to sell
    Qatar Shipping to fetch $110m in sale of LNG tank building division Q-Con.
  • APC to dissolve
    BBC Chartering and Clipper Projects set to end five year Far East project shipping joint venture.
  • Star Bulk shines
    Akis Tsirigakis-led bulker outfit, part owned by TMT's Nobu Su, sees profits jump on larger fleet.
  • Long Beach trims
    US west coast port has cut its annual budget by nearly 14% in face of global economic slowdown.

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American Shipperweb site
MAY 28, 2009
  • North Korea: Will retaliate if ships are searched
  • Maersk supports low-sulfur coastal areas
  • Atlanticargo ends Charleston call
  • Cargo handler expands services at DFW, Dulles
  • Cargo B expands in Africa
  • CBP to hold C-TPAT conference for truckers
  • GSP request deadline set for June
  • U.S., Egypt seek strengthened economic ties
  • Descartes reports higher earnings
  • Agility buys out Mexican forwarder
  • IJS Global opens Egypt office
  • FMC reviews 13 OTI license applications
  • Bellingham port director retires
  • Shekou gets five new quay cranes
  • Asian ship owners urge long-term Panama Canal fee cuts

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The Scandinavian Shipping Gazetteweb site
MAY 28, 2009
  • Frontline cancels a third of the order book
    John Fredriksen controlled Frontline has slashed its order book substantially after having cancelled six tankers representing 33 per cent of its ordering. Four suezmaxes have been cancelled at Jiangsu Rongsheng
  • Swedish tanker sold for bunker operation off Africa
    The Danish bunker operator Monjasa A/S, Fredericia, has purchased the Swedish owned tanker Betty Theresa (on long-term charter to Herning Shipping) and renamed the tanker Energizer. In the

news on subscription
The Bunker Bulletinweb site
MAY 28, 2009
  • North European bunker prices lack direction
    Rotterdam once again reports little activity.
  • Oil at fresh six-month high
    Bullish OPEC price forecast and big US stock draw sends crude above $64.
  • Hedging specialist expecting price increases
    Fuel oil prices could climb by around $100 pmt by first quarter 2010.
  • More support for North American ECA
    Maersk Inc says the proposals are a logical next step.
  • 22% rise in AADA bunker surcharges
    Latest increase follows bunker price gains in Hong Kong and South Korea.
  • New storage terminal for the ARA
    Vopak says 'tighter product specifications' provide an 'excellent opportunity'.
  • Bunker prices stay flat
    Moderate price moves Thursday after sharp mid-week gains.
  • Singapore fuel oil stocks shrink
    Middle distillate inventories build in the week ended May 27.
  • Fisheries firm fined $12,000 for spill
    Incident 'highlighted the need' for having set procedures to follow during bunkering.
  • Saudi Arabia predicts crude oil at $75 a barrel
    OPEC members expected to keep production targets unchanged.
  • Colombo bunker depot 'underutilised', LMS says
    Company says authorities mishandled the privatisation of the port's bunker terminal.

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