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02 June 2020 The on-line newspaper devoted to the world of transports 11:14 GMT+2

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The Business Timesweb site
NOVEMBER 30, 2009
Shipping News
  • Fall in ship prices set to continue
    Ship prices may keep dropping for at least another year because banks have not yet dealt with the weaker loans they made to the industry, according to Michael Drayton, a former chairman of the Baltic Exchange.

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Sched Netweb site
NOVEMBER 30, 2009
  • 'Dubai World's debt crisis puts healthy DP World at risk'
  • Zim introduces super slow steaming to s ZCS and EMX services
  • US retailers go slow on new Christmas hires
  • Transnet borrows US$293 million to expand Cape Town terminal
  • Damco launches Miami-based LCL Americas Bridge service
  • Union Pacific opens Donner Pass tunnel to double-stacked cars
  • IATA outraged at European overflight tax midst industry crisis
  • HK, China contend with air cargo shortages, record rates
  • Israeli trust busters approve CAL-Arkia air cargo deal

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Exim Indiaweb site
NOVEMBER 30, 2009
  • SCI inks CSR initiative pact with TISS
  • Singapore co., Kakinada Seaports join hands to set up shipyard
  • OOCL to hike rates on S-E Asia-Australia services by $ 250/TEU
  • Seatrade Med to be held at Cannes later next year
  • GAC clinches 'Maritime Services' award at 2009 Lloyd's List event
  • CBI to probe unregistered drug imports from China
  • Sops for drug export to Africa, LatAm skirting Europe
  • Dumping duty on nylon tyre cord fabric from Belarus
  • Gold imports dip
  • Dumping duty may be imposed on power kits from China
  • All-India Port strike may be averted as IPA agrees to hold talks
  • Call for container feeder movement between Kolkata & Vizag Ports
  • Ro-ro jetty opened at Paradip Port
  • DP World not in Dubai's financial rejig plan
  • Gati to restructure business
  • CONCOR commences container rake movement from ICD-Raipur to Vizag
  • Dubai debt crisis not to impact India, asserts Sharma
  • Rice prices poised to shoot up
  • Finance panel recommends modest 12 pc GST
  • Price fever at boiling point
  • Food industry to be worth $258 bn by 2014-15
  • French envoy seeks closer trade relations

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International Transport Journalweb site
NOVEMBER 26, 2009
  • Cargolux in the red
    The Luxembourg-based cargo carrier Cargolux will sink deep into the red this year. The Luxembourg daily paper "Tageblatt" reported that Cargolux will post a full triple-digit milli...
  • Panalpina chosen for Franco-Japanese joint venture in Brazil
    Panalpina Brazil has been nominated by VSB, a joint venture between the French company Vallourec and Japan's Sumitomo Metals Industries, as the logis...
  • Rhenus opens logistics centre in Mannheim
    The German logistics service provider Rhenus has expanded its activities in southern Germany and recently opened a new logistics centre in Mannheim. The facility was erected by the...
  • DHL Supply Chain inaugurates logistics platform in the Philippines
    DHL Supply Chain has officially opened its four hectare DHL Logistics Centre in Para'aque City in the Philippines. One of the largest DHL Supply Chain facilities in the c...
  • YRC Logistics sells business unit to Greatwide Logistics
    YRC Logistics, a subsidiary of YRC Worldwide Inc based in Overland Park KS (USA), has sold its US dedicated contract carriage business to Greatwide Logistics Services for USD 34 mi...
  • Austrian Post overtaken by downturn
    The ongoing economic slump has had a negative impact on the business operations of Austrian Post. Revenue fell by 3.4% to EUR 1.7 million in the first nine months of this year. The...
  • MSC starts new express service to Novorossiysk
    Mediterranean Shipping Company (MSC), a leading global shipping line based in Switzerland, is launching an express service between Egypt, Israel, Turkey and the Russian B...
  • Promoting Germany's Lower Saxony and JadeWeserPort in China
    The German port and marketing companies JadeWeserPort Logistics Zone GmbH & Co KG and Niedersachsen Global GmbH (NGlobal) will make an initial visit to China from 6-13 De...
  • EasyJet testing air cargo market
    EasyJet, a major European low-cost airline, will start carrying cargo on selected flights in a trial project. Only small-sized shipments will be accepted and it is hoped that they ...

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Maritime Global Netweb site
NOVEMBER 27, 2009
  • Greek Navy releases suspected pirates
  • Frontline's Q3 loss
  • Golar's loss
  • ITF claims action week successes

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Marine Logweb site
NOVEMBER 27, 2009
  • Austal patrol boats show their capabilities

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World Wide Shipperweb site
NOVEMBER 27, 2009
  • Port of Longview wins WPPA Port of the Year nod
  • Zim to try Slow Steaming in two container services
  • Portland Shipping Club needs your help with Spree
  • Rail freight traffic numbers continue down during week
  • Panama Canal receives ISO 14001-2004 certification

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Lloyd's Listweb site
NOVEMBER 27, 2009
  • Barroso strips transport ministry of state aid powers
    Surprise move sees shift to directorate-general for competition.
  • Shipowners face battle with insurers over soaring piracy cover
    Underwriters starting to exclude risk from standard policies.
  • Ship Finance International renegotiates purchase deal
    Agreement reached with North China Shipping Holdings for two newbuilding suezmax tankers.
  • Dubai World to 'hang on to its ports'
    Analysts predict group to retain ownership of its global ports division.
  • Business as usual, say Dubai World affiliates
    No disruption to DP World, Drydocks World, and P&O Ferries services following debt freeze request.

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Fairplayweb site
NOVEMBER 27, 2009
  • New EU transport chief named
    ESTONIA'S Siim Kallas has been chosen as the EU's new transport commissioner
  • Paris readies CMA CGM move
    THE FRENCH government has agreed to invest in financially crippled CMA CGM, an industry source told Fairplay today
  • Frontline reports Q3 loss
    TANKER giant Frontline today posted net losses of $5.6M for the third quarter of 2009
  • Norway imposes tax on biofuels
    NORWAY has controversially approved a tax on biofuel, IHS Global Insight reported today
  • Lisbon rules out Galp sale
    PORTUGAL'S government has reportedly decided not to sell any more of its stake in oil and gas company Galp Energia
  • Leak follows Vietnam crash fire
    A SHIP was reportedly leaking fuel today after bursting into flames in a collision with a barge in southern Vietnam
  • Gdynia yard dismembered
    NO SINGLE investor has reportedly acquired enough of Gdynia's shipyard for shipbuilding to continue there

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The Journal of Commerceweb site
NOVEMBER 28, 2009
  • Freighter Crashes in Shanghai
  • Former TSA Chief David Stone Dies
  • Black Friday Sales Surge
  • Engineers Launch Strike Against Canadian National

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Containerisation Internationalweb site
NOVEMBER 27, 2009
  • The sun is not about to set on Dubai anytime soon
    Kicking a man when he is down is one of the world's favourite pastimes - just ask CMA CGM's Jacques Saade. Indeed, a good dose of schadenfreude seems to be the tonic we need to make us feel better; but more than a year on from the demise of Lehman Bros we need to have learnt the lesson that everybody suffers when a star falls from grace.
  • European stocks slump on Dubai concerns
  • Swedish minister: 'cut shipping emissions by 20%'
  • Super-slow steaming to slow Zim's losses
  • Charterers and owners: check distances to save cost
  • Mediterranean ports need to look inland

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TradeWindsweb site
NOVEMBER 27, 2009
  • Dutch courage
    High court hears of the night tired and emotional shipbroker Richard Gale rang Yuri Nikitin to tell him he was about to open up about his Sovcomflot dealings.
  • Settlement near
    Morten Arntzen's OSG says it has reached a preliminary pact to settle lawsuits opposing its $72m takeover of OSG America.
  • Sale redrawn
    John Fredriksen's Ship Finance International sees record sale of suezmax pair to North China Shipping reworked.
  • SFI falls short
    John Fredriksen-headed company narrowly misses estimates in the third quarter as Frontline profit share shrinks.
  • Salvage justice
    Admiralty judge lays down the law on landmark $41m award as he upholds principles defined in 135 year old grounding case.
  • $500 more, please
    Depressed market forces CMA CGM to bump up rates between US and Europe by up to $500 per box.
  • Unwanted ballast
    German cargoship held in UK after crew discover storeroom flooded with 180 tons of water.
  • File it away
    Court hears how Yuri Niktin asked for details of his profitable charters to be moved from Sovchart's Geneva office.
  • Still losing
    General cargoship owner Lisco increases pre-tax losses in first three quarters on falling revenue.
  • It's quotes time
    SSY is told to give Orion some space and what's Yuri Nikitin cooking up in the kitchen?
  • Three-hour attack
    Hermann Buss-owned boxship outruns determined Somali pirates after sustained, armed assault.
  • No sale
    Frontline says it will not exercise a purchase option on three VLCCs on charter from Dr Peters.
  • Crew saved
    Russian-flagged cargoship sinks in Azov Sea after collision, but 11 men and pilot taken on board second vessel.
  • Golar improving
    Norwegian LNG carrier owner boosted by return of converted FSRU, but still in the red in third quarter.
  • $250m up
    Dockwise completes huge fund raising drive as it prepares for Amsterdam listing.
  • "Several" bids
    Germany's ThyssenKrupp says a number of potential buyers could make offer for Greece's Hellenic Shipyards by 4 December.
  • New5 in Numb3rs
    Spyros Vamvakas' AB Maritime books its first ever newbuildings, while Samsung and Daewoo lock horns over potential 10-ship suezmax order.
  • KHI targets bonds
    Japanese shipbuilder Kawasaki Heavy Industries to raise over $230m in double bond sale.
  • Viking shake-up
    Finnish postal exec Pavlos Ylinen drafted in as deputy boss of ferry owner as top brass changes.
  • VLCC brace to go?
    Frontline pens option to cancel two $135m VLCC newbuildings at Zoushan Jinhaiwan but instalments would be lost.
  • ITC to buy VLCC
    Tor Olav Troim-led Frontline spinoff to buy British Progress as third-quarter profit rises.
  • Frontline at a loss
    John Fredriksen tanker outfit posts first loss in seven years as rates struggle to top breakeven.
  • Helmsman dies
    58-year-old thrown from inland tanker as wheelhouse torn off in bridge collision in Germany.
  • Down to two
    Danish owner Torm's bulker fleet shrinks further as it confirms another panamax sale.
  • Still going strong
    Singapore continues to see high volumes of bunker sales during October, official figures show.
  • MISC affirmed
    Moody's leaves Malaysian shipowners credit rating unchanged following fund raising proposal.
  • DP World spared
    Dubai ports group not included in restructuring process for Dubai World says government.
  • Losing start
    Golar LNG's spot vessel spin-off Golar Energy makes $3.2m loss from inception on 12 August.

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The Scandinavian Shipping Gazetteweb site
NOVEMBER 27, 2009
  • Rigel leaves Broström for Milestone
    German Rigel Schiffarts has left the commercial cooperation it had with Broström. Of ten tankers commercially runned by Brostr'm, eight will now join the Holbæk-based Milestone Maritime fleet. Half
  • Estonian new transport commissioner
    José Manuel Barroso, President of the EU-Commission, has now announced the portfolios for the next Commission. The Estonian Siim Kallas has been appointed new transport commissioner and Vice President
  • DP World spared from restructure
    DP World, one of the world's largest terminal operators with 49 port terminals and twelve under construction, has been excluded from the restructuring process that Dubai has initiated for its
  • Clipper takes control of Nordic Tankers
    Nordic Tankers A/S has signed a conditional agreement with Clipper Group A/S in order to acquire part of Clipper Groups chemical tankers operation. Clipper group will then become
  • Torm sells panamax bulker
    Torm sells the panamax bulker Torm Rotna to an undisclosed buyer for USD 29 million, with a profit of USD 9 million. The vessel was built in 2001. The Torm
  • No injuries on Swedish ferries
    2008 was the second consecutive year without any reported injuries or fatalities among passengers on Swedish-flagged ferries in international traffic or on the ferry service between Gotland and the
  • Silja Europa to repair yard in Riga
    Around lunch time today, the cruise vessel Silja Europa will arrive at Riga Shiprepair Yard for repair works. The vessel will get a new rudderstock installed. Tallink Silja chose Riga
  • Joe Borg leaves the commission
    The EU Commissioner for maritime affairs and fisheries, Malta's Joe Borg, is to leave the Commission after a five-year term. He is replaced by John Dalli, today Minister for
  • MEPs ' tackle root causes to piracy
    The members of the EU-parliament have adopted a resolution targeting the piracy off Somalia, among other things. Piracy can only be eliminated by addressing its root causes, such as
  • Frontline's result down
    The tanker operator Frontline, controlled by John Fredriksen, presents a weaker Q3-result than expected. Operating revenues falls by USD 145 million to USD 28 million. The company reports a

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The Bunker Bulletinweb site
NOVEMBER 27, 2009
  • Fuel quality waiver for North American ECA
    Temporary waivers under consideration in the event of shortage or emergency.
  • Bunker prices mostly steady to end November
    A narrow range of trading, around record highs for the year.
  • Gains erased as crude turns bearish
    Quiet day of Americas trading but markets following oil prices.
  • Call for global sectoral approach to bunkers
    Revenues raised should be managed by international body 'rather than national government'.
  • Steep price falls in Rotterdam
    Some reports of tight avails in Rotterdam.
  • Call for cooperation on vessel routeing
    Shortest route may not be best if it means 'entering expensive and time consuming' SECAs.
  • Prices mixed but Durban avails remain tight
    Suppliers not quoting for IFO product.
  • Bunker spill crewmen can leave Norway
    InterManager welcomes latest court decision.
  • Crude falls hard on Dubai crisis
    Markets rattled by attempt to delay Dubai World's debt repayments.
  • Sharp production cuts at Spanish refineries
    Output focused on residue, limiting effect on company's bunkering operations.
  • Tanker company reports loss
    'High bunker prices' were a factor.
  • Better Q4 expected for Malaysian firm
    Group has 'stable recurring income' from bunkering services.
  • Another hub sees sharp rise in fuel oil stocks
    ARA inventories up 22% week-on-week.
  • Low demand to end the week
    Traders point to public holiday in Singapore.
  • MRPL sells January cargo
    Discount slightly wider compared to an earlier deal.
  • Flow meters on 'both barges and vessels'
    Industry poll suggests mass flow meters should be installed on both supplying and receiving vessels.
  • CPC barge needs further repairs
    Deliveries for 380 cSt bunker fuel not possible yet.
  • Oil forecast at $75 in 2010
    Ample global supply will keep price rises in check.
  • Another shipping line introduces 'super slow steaming'
    Fuel saving and emission efforts by Israel-based Zim.

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