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21 September 2020 The on-line newspaper devoted to the world of transports 01:39 GMT+2

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The Business Timesweb site
JULY 31, 2009
Shipping News
  • Box traffic at Malaysia ports up 10% in Q2
    Malaysian ports handled 10 per cent more containers in the second quarter of the year compared to the first, reflecting a recovery in both domestic and transhipment cargo, reported Malaysia's Business Times yesterday.

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Sched Netweb site
JULY 31, 2009
  • Danaos sees recovery despite 35pc second quarter profit slide
  • MOL's CHS1 service to call at Shenzhen's Da Chan Bay
  • Capacity down 23pc in August on Far East to Europe routes
  • Hapag-Lloyd bailed out by terminal sale to its shareholders
  • Maersk hikes transatlantic rate US$400/TEU, $500/FEU September 1
  • Dongguan falls behind with 1.6pc GDP growth against 7.1pc China-wide
  • Shenzhen to ASEAN trade value slides 4.8pc in first half
  • Rizhao Riqing Container Terminal now runs weekly Dalian service
  • DHL starts Malaysia-US-China LCL ocean freight service
  • Salford Port to house multimillion intermodal hub
  • Since 9/11 high-tech nuke scanners not in place as old ones wear out
  • Air China to offer four weekly Chengdu-Taipei flights in September
  • Changi Airport Group buys stake in India's first airport city
  • Maximus operates seven weekly cargo flights for Etihad

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Exim Indiaweb site
JULY 31, 2009
  • Battle for Great Offshore hots up
  • Global Shippers' Forum favours non-rate making liner pacts
  • Slow steaming makes more tankers available in MidEast
  • GAP Inc. to buy more Indian textiles
  • Asian nations now biggest buyers of Indian spices
  • Rice exports to Africa only by PSUs-Scindia
  • EU's certification rule & China's retaliation threat rock seafood exporters' boat
  • Southern & eastern ports now playing more prominent roles in ex-im trade-Jose Paul
  • Ports cited as engines of economic growth
  • New steel billet discharge record set at Vizag Port
  • Lufthansa to groom youth in forwarding & logistics
  • Govt to sell only small stakes in PSUs
  • Rate cuts by RBI would have spurred growth-India Inc
  • Banks have scope to lower lending rates-Subbarao
  • Minister's statement upsets AEPC & GAP Inc. India head
  • India stays on top with $ 52 m in remittances-WB report
  • 'Informal' Doha trade talks to be held in Delhi in September

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International Transport Journalweb site
JULY 29, 2009
  • Gefco to open new depot in Brazil in 2010
    Gefco Brazil, the Brazilian subsidiary of the French logistics group Gefco, is set to open a new depot in north-eastern São Paulo (Brazil) in January 2010. Located in Garulhos...
  • Ryder reports revenues down 25%
    The US-based transport and logistics provider Ryder System Inc has reported that total revenue for Q2/2009 was USD 1.24 billion, down 25% compared with USD 1.66 billion for th...
  • Tapa establishes task force to combat freight crime in China
    The Transported Asset Protection Association (Tapa), a security organisation founded in the USA in 1997, announced the formation of a new anti-cargo crime taskforce for China (Cacc...
  • Cargoitalia postpones start
    Cargoitalia, a new Italian all-cargo airline, has finally received its Air Operator's Certificate (AOC) after a thorough inspection by the Italian civil aviation authority. The ent...
  • Cargolux Italia operational
    Italy's youngest cargo carrier, Cargolux Italia, has recently started operations. Its B747-400F flies the rotation Luxembourg'Milan Malpensa'Dubai'Hong Kong'Baku'Milan Malpensa'Lux...
  • CMA CGM, Hapag Lloyd, Hamburg Sud to combine services
    CMA CGM, Hapag-Lloyd and Hamburg Sud will combine two of their liner services into a new direct sailing between the east coast of South America and Northern Europe in August. The j...

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Maritime Global Netweb site
JULY 31, 2009
  • Indian unions lobby for seafarers' release
  • Two more offshore vessels from Keppel
  • Chief engineer pleads guilty to oil record book offence
  • MSC Napoli salvage operation complete

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Marine Logweb site
JULY 30, 2009
  • Committee approves LoBiondo bill protecting mariners' self-defense rights
  • GC Rieber bests Chouest's offer for Sea4
  • Davie Yards names new COO
  • House passes Coast Guard Acquisition Reform bill
  • OSG to take OSG America private

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World Wide Shipperweb site
JULY 30, 2009
  • Oregon governor signs new transportation act
  • Port of Tacoma promotes two to director positions
  • New cell phone lot opens for Seattle cruise terminal users
  • Port of Tacoma nets funds for TOTE environmental project
  • Tidewater executive named to inland waterways board

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Lloyd's Listweb site
JULY 30, 2009
  • Sharp rise in crew abandonment cases
    International Transport Workers' Federation says crew abandonments are once again becoming commonplace.
  • CSAV seeks extra $300m via new offering
    Chilean shipping group tells investors that it will seek to raise another $300m through a new equity offering.
  • Complacency still major factor in accidents
    MAIB warns of dangers of complacency and calls for action on shipboard deaths in enclosed spaces.

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Fairplayweb site
JULY 30, 2009
  • DryShips hikes charter cover
    DRYSHIPS' second-quarter profits fell by 63%, but the company has significantly cut its exposure to future market weakness with heavy time-charter coverage
  • Finnlines stops 'burning money'
    FINLAND's Finnlines told Fairplay today that the company suffered a hefty loss for 2009's first half, but improvements are around the corner
  • Former Zim Asia chief on trial
    ALLEGATIONS of bad faith and breach of contractual duties are today being heard in the High Court of Singapore

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The Journal of Commerceweb site
JULY 30, 2009
  • Senate Votes to Shore Up Highway Trust Fund
  • Pacific Carriers Announce Westbound Rate Hikes
  • YRC Loses $309 Million
  • FMC Drops Clean-Trucks Probe
  • GAO Targets 'Reincarnated' Motor Carriers
  • Rockefeller Pushes STB Oversight
  • Changi Buys Stake in Kalkota Airport Project
  • House Approves $7 Billion for Highway Trust Fund
  • Dutch Delay Dredging; Antwerp Frustrated
  • Rail Shipments Reach Four-Month High
  • Air France-KLM Grounding Four Freighters
  • KCS Returns to Profit, but 87 Percent Below Last Year
  • Port of Houston Extends Free Time
  • DP World Containers Decline 10 Percent
  • Tunnel Stake Sale Spurs CP to 2Q Gain
  • European Truck Maker's Profit Slides 95 Percent
  • YRC Worldwide to Release Second Quarter Results
  • Port Vancouver Holds Off Action against CN
  • NAFTA Trade Takes Record 35.4 Percent Dive
  • Kirby Profit Slides on Low Demand
  • EU to Penalize Chinese Steel Imports
  • Qantas Freight to Add Dallas Service
  • Lufthansa Cargo Loses $87 Million
  • S&P Downgrades Horizon Lines Debt

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Containerisation Internationalweb site
JULY 30, 2009
  • Southampton crane collapse: precautionary advice to industry
  • Bunker prices volatile
  • DP World claims success
  • Benelux neighbours at loggerheads over Scheldt deepening
  • SCI's liners drag-down profit

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TradeWindsweb site
JULY 30, 2009
  • DryShips beats
    George Economou-led owner sees profits sink by 82.4% in the second quarter but tops analyst estimates.
  • Horizon ratings hit
    S&P cuts credit ratings for containership operator Horizon Lines after financial profile weakens.
  • Deepwater defies
    Pride International suffers drop in second-quarter profits, but deepwater semis and drillships improve.
  • Genmar slashes
    Market conditions lead New York tanker owner to cut dividends by 88% beginning in the third quarter.
  • Sea4 swoop
    Sven Rong's GC Rieber makes $27m bid for control of Sea4, catching chairman Atle Bergshaven off guard.
  • CGG posts loss
    Restructuring costs and lower revenue push New York- and Paris-listed seismic vessel player into the red.
  • Dubai dive
    CEO Mohammed Sharaf warns declining throughput will lead to a fall in DP World's profit in the first half.
  • Genco tops bets
    New York bulker owner's profit falls less than expected, as five handymaxes enter Lauritzen spot pool.
  • Limarko goes cold
    Forecasted "robust" performance fails to show in first half as Lithuanian reefer owner sinks to loss.
  • Hornbeck hurting
    Impairment charges slash Hornbeck Offshore's second quarter bottom line as lay up of 18 vessels dents revenue.
  • Finnlines in red
    Slumping volumes hurt Finnish ferry owner with cost cuts not enough to buoy bottom line.
  • Trico beats Street
    Joseph Compofelice-led offshore owner returns to the black in Q2 despite an operating loss from its subsea unit.
  • V.Group fills void
    V.Ships parent appoints defence and security specialist Clive Richardson as its new CEO, Roberto Giorgi confirms.
  • Essar better
    Indian owner turns a small profit in the first quarter but currency reversals continue to bite.
  • Exmar posts profit
    Positive financial items the reason for swing from red to black in first half at Belgian gas ship player.
  • Great war
    ABG Shipyard lifts offer for Great Offshore, topping a bid tabled by rival Bharati.
  • Havila ahead
    Njal Saevik's Havila Shipping beats forecasts in second quarter as revenue races.
  • GE cancels
    India's Great Eastern (GE) Shipping has chopped its orderbook yet again.
  • Vale sees the light
    Brazilian miner posts massive drop in profit but highlights China's growing appetite for iron ore and coal.
  • Azuma at a loss
    Dry-bulk market slide sinks Japanese cement carrier owner in to the red but forecasts remain firm.
  • Mitsui stronger
    Japanese shipbuilder ups full year profit expectations after returning to the black in the first quarter.
  • DSME profit soars
    Stronger Korean won boosts bottom line at Daewoo Shipbuilding & Marine Engineering raided last week.
  • Oceaneering rises
    Profits are rising at US-listed offshore player Oceaneering
  • Genmar slumps
    Second quarter profits at Genmar tumble although company still up on overall results for first half.
  • Sasebo weaker
    Japanese shipbuilder posts lower first-quarter result and reiterates that year will be less profitable.
  • OSG goes Private
    Challenging times in Jones Act tanker trades forcing OSG to take US-flagged subsidiary OSG America private.
  • Ferry fire
    Fire has destroyed a small ro-ro ferry Pemba in Tanzanian port of Dar es Salaam.
  • New Gulf Nav CFO
    Gulf Navigation of Dubai has hired an oil industry veteran as its new chief financial officer.

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American Shipperweb site
JULY 30, 2009
  • Evergreen hikes U.S. export rates
  • Maersk raises transatlantic rates
  • Crowley to manage five tankers
  • House votes to fill highway trust fund pothole
  • STB nominee pressed to be shipper's advocate
  • CP Rail earnings gain on tunnel sale
  • U.S. Bank, Visa form financial supply chain network
  • CBP picks 4 for Broker Self-Assessment pilot
  • West Coast forwarders denounce Oakland truck plan
  • Oakland, AMB start talks for near-port facility
  • S.C. port to export briquettes

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The Bunker Bulletinweb site
JULY 30, 2009
  • Switching fuels cuts some emissions, little CO2 benefit
    Study compares emissions when using bunker fuel and distillate.
  • Bunker prices continue to slide in Europe
    Meanwhile Nymex shows more than $2 a barrel gain in early trading.
  • Bunker prices expected to remain volatile
    Liner operator looks to surcharges as profits plummet.
  • Algeciras restructures anchorage zones
    Port authority not expecting impact on bunkering volumes despite slightly less anchorage space.
  • Lower bunker revenue hurts John Keells
    Loss of Colombo bunkering monopoly continues to hurt profits.
  • Car carrier looks for fuel economies
    K Line's car carrier division is operating speed restrictions.
  • Crude drags Asian bunkers down
    Buyers returning to the market as bunker prices plummet.
  • Lines restructure and announce 'eco-speed'
    Three lines launch joint weekly service to rationalise capacity.
  • Shell reports 70% drop in profits
    CEO says: 'We are not banking on a quick recovery'.
  • Singapore distillate stocks rise to historic high
    Fuel oil stocks climb to a two-week peak.
  • ConocoPhillips Q2 earnings plunge 76%
    Softer oil prices and weak refining margins lead to lower earnings.
  • Shanghai bunker prices poised to fall
    Premiums to Singapore prices set to narrow on 'internal competition'.

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